Document:

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                                                                 Exhibit 10.24.3

                          AMENDMENT TO LEASE AGREEMENT

THIS AMENDMENT TO LEASE AGREEMENT made this 2nd day of April, 2002

BETWEEN:

                    THE MANUFACTURERS LIFE INSURANCE COMPANY
                       (hereinafter called the "Landlord")

                               OF THE FIRST PART,

                                       and

                            CRYSTAL DECISIONS, CORP.
                        (hereinafter called the "Tenant")

                               OF THE SECOND PART,

WHEREAS by a Lease Agreement made the 27th day of December 1994, a Lease of
Additional Premises dated the 13th day of December, 1995, a Consent to Sublease
dated the 6th day of October, 1998, an Amendment to Lease Agreement dated the
30th day of December, 1999 and an Amendment to Lease Agreement dated the 17th
day of July, 2000 (collectively the "Lease"), the Landlord leased to the Tenant
the following premises:

Building:              - 1095 West Pender Street, Vancouver, B.C.
Leased Premises:       - 30,147 rsf, 5th - 7th Floors, Suites 500, 600, 700
Term:                  - Nine(9) years: March, 1995 - February 29, 2004
Base Rent:             - Years 1-5: $4.80 per rsf
                         Year 6: $18.00 per rsf
                         Year 7: $19.00 per rsf
                         Year 8: $20.00 per rsf
                         Year 9: $21.00 per rsf

AND WHEREAS the Landlord and the Tenant have agreed to amend the Lease to lease
an additional 10,049 rsf on the 4th floor of the Property from May l, 2002 to
December 31, 2002;

NOW, WITNESSETH that in consideration of the rents, covenants and agreements
contained in the Lease, and in consideration of the covenants and agreements
hereinafter contained, and the sum of ONE DOLLAR ($1.00) now paid by each of the
parties to the other (the receipt and sufficiency of which is hereby
acknowledged), the Landlord and Tenant hereby agree to amend the Lease as
follows:

      1)    (i) Article 1(d), Rentable Area, of the Lease shall be amended by
            the addition of the following:

            "For the period May 1 to December 31, 2002 (the "Effective Period"),
            the Leased Premises shall be deemed to consist of 40,196 rentable
            square feet.

            Upon expiry of the Effective Period, the Leased Premises shall be
            deemed to consist of 30,147 rentable square feet."

            (ii) Article l(f), Annual Base Rent, of the Lease shall be amended
            by the addition of the following:

            "For the Effective Period, the Base Rent shall be the sum of FOUR
            HUNDRED FIFTY FIVE THOUSAND FIVE HUNDRED FIFTY FOUR Dollars
            SIXTY-FOUR Cents ($455,554.64) of lawful money of the jurisdiction
            in which the Leased Premises are located, payable in equal monthly
            instalments. The monthly instalments shall he FIFTY SIX THOUSAND
            NINE HUNDRED FORTY FOUR Dollars THIRTY-THREE Cents ($56,944.33)
            each in advance on the first day of each month during the Term. The
            first amended payment to be made on the 1st day of May 2002, and the
            last amended payment shall be made on the 1st day of December, 2002.

                                                                    INITIAL
                                                               -----------------
                                                               Landlord | Tenant
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            Upon expiry of the Effective Period, the Base Rent for January and
            February 2003 shall be the sum of ONE HUNDRED THOUSAND FOUR HUNDRED
            NINETY Dollars ($100,490.00) of lawful money of the jurisdiction in
            which the Leased Premises are located, payable in equal monthly
            instalments. The monthly instalments shall be FIFTY THOUSAND TWO
            HUNDRED FORTY FIVE Dollars ($50,245.00) each in advance on the
            first day of each month during the Term. The first amended payment
            to be made on the 1st day of January 2003."

            The Annual Base Rent for the last year of the Renewal Term shall be
            tire sum of SIX HUNDRED THIRTY THREE THOUSAND EIGHTY SEVEN Dollars
            ($633,087.00) of lawful money of the jurisdiction in which the
            Leased Premises are located, payable in equal monthly instalments:
            The monthly instalments shall be FIFTY TWO THOUSAND SEVEN HUNDRED
            FIFTY SEVEN Dollars TWENTY FIVE Cents ($52,757.25) each in advance
            on the first day of, each month during the Term. The first amended
            payment to be made on the 1st day of March 2003."

      2) For the Effective Period only, Schedule B1 (a) - Outline of Additional
Leased Premises, attached hereto, shall form part of the Lease as if the same
were embodied therein.

      3) The Landlord and the Tenant hereby, confirm each to the other the
several covenants and agreements in the Lease as amended by this Amendment to
Lease Agreement.

      4) This Amendment to Lease Agreement and everything herein contained shall
entire to the benefit of and be binding upon the respective heirs, executors,
administrators, successors, assigns and other legal representatives, as the case
maybe, of each of the parties hereto and every reference herein to any party
hereto shall include the heirs, executors, administrators, successors, assigns
and other legal representatives of such party, and where there is more than one
tenant or there is a male or female party, the provisions hereof shall be read
with all grammatical changes thereby rendered necessary and all covenants shall
be deemed joint and several:

IN WITNESS HEREOF the parties hereto have executed this Amendment to Lease
Agreement. I/We have authority to bind the corporation.

                               LANDLORD:

                               THE MANUFACTURERS LIFE INSURANCE COMPANY

/s/ (Illegible Signature)      by Signature: /s/ Bill Rempel
-------------------------                    ------------------------
Witness as to                  Name:           Regional Director
signing by Tenant              Title:          Bill Rempel

                               TENANT:

                               CRYSTAL DECISIONS, CORP.

/s/ (Illegible Signature)      by Signature: : /s/ Susan J. Wolfe
-------------------------                      ----------------------
Witness as to                  Name:
signing by Tenant              Title:

                                                                             -2-<PAGE>
                                                                  EXHIBIT 10.131

                                                               Execution Version

(THE BOND MARKET ASSOCIATION LOGO) MASTER REPURCHASE
                                   AGREEMENT

Dated as of April 30, 2003

Between: Merrill Lynch International (Buyer) and Merrill Lynch, Pierce, Fenner &
         Smith Incorporated, acting as Agent as described in Annex III

and      Onyx Acceptance Funding Corporation (Seller)

1.    APPLICABILITY

      From time to time the parties hereto may enter into transactions in which
      one party ("Seller") agrees to transfer to the other ("Buyer") securities
      or other assets ("Securities") against the transfer of funds by Buyer,
      with a simultaneous agreement by Buyer to transfer to Seller such
      Securities at a date certain or on demand, against the transfer of funds
      by Seller. Each such transaction shall be referred to herein as a
      "Transaction" and, unless otherwise agreed in writing, shall be governed
      by this Agreement, including any supplemental terms or conditions
      contained in Annex I hereto and in any other annexes identified herein or
      therein as applicable hereunder.

2.    DEFINITIONS

      (a)   "Act of Insolvency", with respect to any party, (i) the commencement
            by such party as debtor of any case or proceeding under any
            bankruptcy, insolvency, reorganization, liquidation, moratorium,
            dissolution, delinquency or similar law, or such party seeking the
            appointment or election of a receiver, conservator, trustee,
            custodian or similar official for such party or any substantial part
            of its property, or the convening of any meeting of creditors for
            purposes of commencing any such case or proceeding or seeking such
            an appointment or election, (ii) the commencement of any such case
            or proceeding against such party, or another seeking such an
            appointment or election, or the filing against a party of an
            application for a protective decree under the provisions of the
            Securities Investor Protection Act of 1970, which (A) is consented
            to or not timely contested by such party, (B) results in the entry
            of an order for relief, such an appointment or election, the
            issuance of such a protective decree or the entry of an order having
            a similar
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            effect, or (C) is not dismissed within 15 days, (iii) the making by
            such party of a general assignment for the benefit of creditors, or
            (iv) the admission in writing by such party of such party's
            inability to pay such party's debts as they become due;

      (b)   "Additional Purchased Securities", Securities provided by Seller to
            Buyer pursuant to Paragraph 4 (a) hereof;

      (c)   "Buyer's Margin Amount", with respect to any Transaction as of any
            date, the amount obtained by application of the Buyer's Margin
            Percentage to the Repurchase Price for such Transaction as of such
            date;

      (d)   "Buyer's Margin Percentage", with respect to any Transaction as of
            any date, a percentage (which may be equal to the Seller's Margin
            Percentage) agreed to by Buyer and Seller or, in the absence of any
            such agreement, the percentage obtained by dividing the Market Value
            of the Purchased Securities on the Purchase Date by the Purchase
            Price on the Purchase Date for such Transaction;

      (e)   "Confirmation", the meaning specified in Paragraph 3 (b) hereof,

      (f)   "Income", with respect to any Security at any time, any principal
            thereof and all interest, dividends or other distributions thereon;

      (g)   "Margin Deficit", the meaning specified in Paragraph 4 (a) hereof;

      (h)   "Margin Excess", the meaning specified in Paragraph 4 (b) hereof;

      (i)   "Margin Notice Deadline", the time agreed to by the parties in the
            relevant Confirmation, Annex I hereto or otherwise as the deadline
            for giving notice requiring same-day satisfaction of margin
            maintenance obligations as provided in Paragraph 4 hereof (or, in
            the absence of any such agreement, the deadline for such purposes
            established in accordance with market practice);

      (j)   "Market Value", with respect to any Securities as of any date, the
            price for such Securities on such date obtained from a generally
            recognized source agreed to by the parties or the most recent
            closing bid quotation from such a source, plus accrued Income to the
            extent not included therein (other than any Income credited or
            transferred to, or applied to the obligations of, Seller pursuant to
            Paragraph 5 hereof) as of such date (unless contrary to market
            practice for such Securities);

      (k)   "Price Differential", with respect to any Transaction as of any
            date, the aggregate amount obtained by daily application of the
            Pricing Rate for such Transaction to the Purchase Price for such
            Transaction on a 360 day per year basis for the actual number of
            days during the period commencing on (and including) the Purchase
            Date for such Transaction and ending on (but excluding) the date of
            determination (reduced by any amount of such Price Differential
            previously paid by Seller to Buyer with respect to such
            Transaction);

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      (l)   "Pricing Rate", the per annum percentage rate for determination of
            the Price Differential;

      (m)   "Prime Rate", the prime rate of U.S. commercial banks as published
            in The Wall Street Journal (or, if more than one such rate is
            published, the average of such rates);

      (n)   "Purchase Date", the date on which Purchased Securities are to be
            transferred by Seller to Buyer;

      (o)   "Purchase Price", (i) on the Purchase Date, the price at which
            Purchased Securities are transferred by Seller to Buyer, and (ii)
            thereafter, except where Buyer and Seller agree otherwise, such
            price increased by the amount of any cash transferred by Buyer to
            Seller pursuant to Paragraph 4 (b) hereof and decreased by the
            amount of any cash transferred by Seller to Buyer pursuant to
            Paragraph 4 (a) hereof or applied to reduce Seller's obligations
            under clause (ii) of Paragraph 5 hereof;

      (p)   "Purchased Securities", the Securities transferred by Seller to
            Buyer in a Transaction hereunder, and any Securities substituted
            therefor in accordance with Paragraph 9 hereof. The term "Purchased
            Securities" with respect to any Transaction at any time also shall
            include Additional Purchased Securities delivered pursuant to
            Paragraph 4 (a) hereof and shall exclude Securities returned
            pursuant to Paragraph 4 (b) hereof;

      (q)   "Repurchase Date", the date on which Seller is to repurchase the
            Purchased Securities from Buyer, including any date determined by
            application of the provisions of Paragraph 3 (c) or 11 hereof;

      (r)   "Repurchase Price", the price at which Purchased Securities are to
            be transferred from Buyer to Seller upon termination of a
            Transaction, which will be determined in each case (including
            Transactions terminable upon demand) as the sum of the Purchase
            Price and the Price Differential as of the date of such
            determination;

      (s)   "Seller's Margin Amount", with respect to any Transaction as of any
            date, the amount obtained by application of the Seller's Margin
            Percentage to the Repurchase Price for such Transaction as of such
            date;

      (t)   "Seller's Margin Percentage", with respect to any Transaction as of
            any date, a percentage (which may be equal to the Buyer's Margin
            Percentage) agreed to by Buyer and Seller or, in the absence of any
            such agreement, the percentage obtained by dividing the Market Value
            of the Purchased Securities on the Purchase Date by the Purchase
            Price on the Purchase Date for such Transaction.

3.    INITIATION; CONFIRMATION; TERMINATION

      (a)   An agreement to enter into a Transaction may be made orally or in
            writing at the initiation of either Buyer or Seller. On the Purchase
            Date for the Transaction, the Purchased Securities shall be
            transferred to Buyer or its agent against the transfer of the
            Purchase Price to an account of Seller.

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      (b)   Upon agreeing to enter into a Transaction hereunder, Buyer or Seller
            (or both), as shall be agreed, shall promptly deliver to the other
            party a written confirmation of each Transaction (a "Confirmation").
            The Confirmation shall describe the Purchased Securities (including
            CUSIP number, if any), identify Buyer and Seller and set forth (i)
            the Purchase Date, (ii) the Purchase Price, (iii) the Repurchase
            Date, unless the Transaction is to be terminable on demand, (iv) the
            Pricing Rate or Repurchase Price applicable to the Transaction, and
            (v) any additional terms or conditions of the Transaction not
            inconsistent with this Agreement. The Confirmation, together with
            this Agreement, shall constitute conclusive evidence of the terms
            agreed between Buyer and Seller with respect to the Transaction to
            which the Confirmation relates, unless with respect to the
            Confirmation specific objection is made promptly after receipt
            thereof. In the event of any conflict between the terms of such
            Confirmation and this Agreement, this Agreement shall prevail.

      (c)   In the case of Transactions terminable upon demand, such demand
            shall be made by Buyer or Seller, no later than such time as is
            customary in accordance with market practice, by telephone or
            otherwise on or prior to the business day on which such termination
            will be effective. On the date specified in such demand, or on the
            date fixed for termination in the case of Transactions having a
            fixed term, termination of the Transaction will be effected by
            transfer to Seller or its agent of the Purchased Securities and any
            Income in respect thereof received by Buyer (and not previously
            credited or transferred to, or applied to the obligations of, Seller
            pursuant to Paragraph 5 hereof) against the transfer of the
            Repurchase Price to an account of Buyer.

4.    MARGIN MAINTENANCE

      (a)   If at any time the aggregate Market Value of all Purchased
            Securities subject to all Transactions in which a particular party
            hereto is acting as Buyer is less than the aggregate Buyer's Margin
            Amount for all such Transactions (a "Margin Deficit"), then Buyer
            may by notice to Seller require Seller in such Transactions, at
            Seller's option, to transfer to Buyer cash or additional Securities
            reasonably acceptable to Buyer ("Additional Purchased Securities"),
            so that the cash and aggregate Market Value of the Purchased
            Securities, including any such Additional Purchased Securities, will
            thereupon equal or exceed such aggregate Buyer's Margin Amount
            (decreased by the amount of any Margin Deficit as of such date
            arising from any Transactions in which such Buyer is acting as
            Seller).

      (b)   If at any time the aggregate Market Value of all Purchased
            Securities subject to all Transactions in which a particular party
            hereto is acting as Seller exceeds the aggregate Seller's Margin
            Amount for all such Transactions at such time (a "Margin Excess"),
            then Seller may by notice to Buyer require Buyer in such
            Transactions, at Buyer's option, to transfer cash or Purchased
            Securities to Seller, so that the aggregate Market Value of the
            Purchased Securities, after deduction of any such cash or any
            Purchased Securities so transferred, will thereupon not exceed such
            aggregate Seller's Margin Amount (increased

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            by the amount of any Margin Excess as of such date arising from any
            Transactions in which such Seller is acting as Buyer).

      (c)   If any notice is given by Buyer or Seller under subparagraph (a) or
            (b) of this Paragraph at or before the Margin Notice Deadline on any
            business day, the party receiving such notice shall transfer cash or
            Additional Purchased Securities as provided in such subparagraph no
            later than the close of business in the relevant market on such day.
            If any such notice is given after the Margin Notice Deadline, the
            party receiving such notice shall transfer such cash or Securities
            no later than the close of business in the relevant market on the
            next business day following such notice.

      (d)   Any cash transferred pursuant to this Paragraph shall be attributed
            to such Transactions as shall be agreed upon by Buyer and Seller.

      (e)   Seller and Buyer may agree, with respect to any or all Transactions
            hereunder, that the respective rights of Buyer or Seller (or both)
            under subparagraphs (a) and (b) of this Paragraph may be exercised
            only where a Margin Deficit or Margin Excess, as the case may be,
            exceeds a specified dollar amount or a specified percentage of the
            Repurchase Prices for such Transactions (which amount or percentage
            shall be agreed to by Buyer and Seller prior to entering into any
            such Transactions).

      (f)   Seller and Buyer may agree, with respect to any or all Transactions
            hereunder, that the respective rights of Buyer and Seller under
            subparagraphs (a) and (b) of this Paragraph to require the
            elimination of a Margin Deficit or a Margin Excess, as the case may
            be, may be exercised whenever such a Margin Deficit or Margin Excess
            exists with respect to any single Transaction hereunder (calculated
            without regard to any other Transaction outstanding under this
            Agreement).

5.    INCOME PAYMENTS

      Seller shall be entitled to receive an amount equal to all Income paid or
      distributed on or in respect of the Securities that is not otherwise
      received by Seller, to the full extent it would be so entitled if the
      Securities had not been sold to Buyer. Buyer shall, as the parties may
      agree with respect to any Transaction (or, in the absence of any such
      agreement, as Buyer shall reasonably determine in its discretion), on the
      date such Income is paid or distributed either (i) transfer to or credit
      to the account of Seller such Income with respect to any Purchased
      Securities subject to such Transaction or (ii) with respect to Income paid
      in cash, apply the Income payment or payments to reduce the amount, if
      any, to be transferred to Buyer by Seller upon termination of such
      Transaction. Buyer shall not be obligated to take any action pursuant to
      the preceding sentence (A) to the extent that such action would result in
      the creation of a Margin Deficit, unless prior thereto or simultaneously
      therewith Seller transfers to Buyer cash or Additional Purchased
      Securities sufficient to eliminate such Margin Deficit, or (B) if an Event
      of Default with respect to Seller has occurred and is then continuing at
      the time such Income is paid or distributed.

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6.    SECURITY INTEREST

      Although the parties intend that all Transactions hereunder be sales and
      purchases and not loans, in the event any such Transactions are deemed to
      be loans, Seller shall be deemed to have pledged to Buyer as security for
      the performance by Seller of its obligations under each such Transaction,
      and shall be deemed to have granted to Buyer a security interest in, all
      of the Purchased Securities with respect to all Transactions hereunder and
      all Income thereon and other proceeds thereof.

7.    PAYMENT AND TRANSFER

      Unless otherwise mutually agreed, all transfers of funds hereunder shall
      be in immediately available funds. All Securities transferred by one party
      hereto to the other party (i) shall be in suitable form for transfer or
      shall be accompanied by duly executed instruments of transfer or
      assignment in blank and such other documentation as the party receiving
      possession may reasonably request, (ii) shall be transferred on the
      book-entry system of a Federal Reserve Bank, or (iii) shall be transferred
      by any other method mutually acceptable to Seller and Buyer.

8.    SEGREGATION OF PURCHASED SECURITIES

      To the extent required by applicable law, all Purchased Securities in the
      possession of Seller shall be segregated from other securities in its
      possession and shall be identified as subject to this Agreement.
      Segregation may be accomplished by appropriate identification on the books
      and records of the holder, including a financial or securities
      intermediary or a clearing corporation. All of Seller's interest in the
      Purchased Securities shall pass to Buyer on the Purchase Date and, unless
      otherwise agreed by Buyer and Seller, nothing in this Agreement shall
      preclude Buyer from engaging in repurchase transactions with the Purchased
      Securities or otherwise selling, transferring, pledging or hypothecating
      the Purchased Securities, but no such transaction shall relieve Buyer of
      its obligations to transfer Purchased Securities to Seller pursuant to
      Paragraph 3, 4 or 11 hereof, or of Buyer's obligation to credit or pay
      Income to, or apply Income to the obligations of, Seller pursuant to
      Paragraph 5 hereof.

      REQUIRED DISCLOSURE FOR TRANSACTIONS IN WHICH THE SELLER

      RETAINS CUSTODY OF THE PURCHASED SECURITIES

      Seller is not permitted to substitute other securities for those subject
      to this Agreement and therefore must keep Buyer's securities segregated at
      all times, unless in this Agreement Buyer grants Seller the right to
      substitute other securities. If Buyer grants the right to substitute, this
      means that Buyer's securities will likely be commingled with Seller's own
      securities during the trading day. Buyer is advised that, during any
      trading day that Buyer's securities are commingled with Seller's
      securities, they [will] * [may] ** be subject to liens granted by Seller
      to [its clearing bank] * [third parties] ** and may be used by Seller for
      deliveries on other securities transactions. Whenever the securities are
      commingled, Seller's ability to resegregate substitute securities for
      Buyer will be subject to Seller's ability to satisfy [the clearing] *
      [any] ** lien or to obtain substitute securities.

      *     Language to be used under 17 C.F.R. Section 403.4 (e) if Seller is a
            government securities broker or dealer other than a financial
            institution.

      **    Language to be used under 17 C.F.R. Section 403.5 (d) if Seller is a
            financial institution.

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9.    SUBSTITUTION

      (a)   Seller may, subject to agreement with and acceptance by Buyer,
            substitute other Securities for any Purchased Securities. Such
            substitution shall be made by transfer to Buyer of such other
            Securities and transfer to Seller of such Purchased Securities.
            After substitution, the substituted Securities shall be deemed to be
            Purchased Securities.

      (b)   In Transactions in which Seller retains custody of Purchased
            Securities, the parties expressly agree that Buyer shall be deemed,
            for purposes of subparagraph (a) of this Paragraph, to have agreed
            to and accepted in this Agreement substitution by Seller of other
            Securities for Purchased Securities; provided, however, that such
            other Securities shall have a Market Value at least equal to the
            Market Value of the Purchased Securities for which they are
            substituted.

10.   REPRESENTATIONS

      Each of Buyer and Seller represents and warrants to the other that (i) it
      is duly authorized to execute and deliver this Agreement, to enter into
      Transactions contemplated hereunder and to perform its obligations
      hereunder and has taken all necessary action to authorize such execution,
      delivery and performance, (ii) it will engage in such Transactions as
      principal (or, if agreed in writing, in the form of an annex hereto or
      otherwise, in advance of any Transaction by the other party hereto, as
      agent for a disclosed principal), (iii) the person signing this Agreement
      on its behalf is duly authorized to do so on its behalf (or on behalf of
      any such disclosed principal), (iv) it has obtained all authorizations of
      any governmental body required in connection with this Agreement and the
      Transactions hereunder and such authorizations are in full force and
      effect and (v) the execution, delivery and performance of this Agreement
      and the Transactions hereunder will not violate any law, ordinance,
      charter, by-law or rule applicable to it or any agreement by which it is
      bound or by which any of its assets are affected. On the Purchase Date for
      any Transaction Buyer and Seller shall each be deemed to repeat all the
      foregoing representations made by it.

11.   EVENTS OF DEFAULT

      In the event that (i) Seller fails to transfer or Buyer fails to purchase
      Purchased Securities upon the applicable Purchase Date, (ii) Seller fails
      to repurchase or Buyer fails to transfer Purchased Securities upon the
      applicable Repurchase Date, (iii) Seller or Buyer fails to comply with
      Paragraph 4 hereof, (iv) Buyer fails, after one business day's notice, to
      comply with Paragraph 5 hereof, (v) an Act of Insolvency occurs with
      respect to Seller or Buyer, (vi) any representation made by Seller or
      Buyer shall have been incorrect or untrue in any material respect when
      made or repeated or deemed to have been made or repeated, or (vii) Seller
      or Buyer shall admit to the other its inability to, or its intention not
      to, perform any of its obligations hereunder (each an "Event of Default"):

      (a)   The nondefaulting party may, at its option (which option shall be
            deemed to have been exercised immediately upon the occurrence of an
            Act of Insolvency), declare an Event of Default to have occurred
            hereunder and, upon the exercise or deemed exercise of such

                                       7
<PAGE>
            option, the Repurchase Date for each Transaction hereunder shall, if
            it has not already occurred, be deemed immediately to occur (except
            that, in the event that the Purchase Date for any Transaction has
            not yet occurred as of the date of such exercise or deemed exercise,
            such Transaction shall be deemed immediately canceled). The
            nondefaulting party shall (except upon the occurrence of an Act of
            Insolvency) give notice to the defaulting party of the exercise of
            such option as promptly as practicable.

      (b)   In all Transactions in which the defaulting party is acting as
            Seller, if the nondefaulting party exercises or is deemed to have
            exercised the option referred to in subparagraph (a) of this
            Paragraph, (i) the defaulting party's obligations in such
            Transactions to repurchase all Purchased Securities, at the
            Repurchase Price therefor on the Repurchase Date determined in
            accordance with subparagraph (a) of this Paragraph, shall thereupon
            become immediately due and payable, (ii) all Income paid after such
            exercise or deemed exercise shall be retained by the nondefaulting
            party and applied to the aggregate unpaid Repurchase Prices and any
            other amounts owing by the defaulting party hereunder, and (iii) the
            defaulting party shall immediately deliver to the nondefaulting
            party any Purchased Securities subject to such Transactions then in
            the defaulting party's possession or control.

      (c)   In all Transactions in which the defaulting party is acting as
            Buyer, upon tender by the nondefaulting party of payment of the
            aggregate Repurchase Prices for all such Transactions, all right,
            title and interest in and entitlement to all Purchased Securities
            subject to such Transactions shall be deemed transferred to the
            nondefaulting party, and the defaulting party shall deliver all such
            Purchased Securities to the nondefaulting party.

      (d)   If the nondefaulting party exercises or is deemed to have exercised
            the option referred to in subparagraph (a) of this Paragraph, the
            nondefaulting party, without prior notice to the defaulting party,
            may:

            (i)   as to Transactions in which the defaulting party is acting as
                  Seller, (A) immediately sell, in a recognized market (or
                  otherwise in a commercially reasonable manner) at such price
                  or prices as the nondefaulting party may reasonably deem
                  satisfactory, any or all Purchased Securities subject to such
                  Transactions and apply the proceeds thereof to the aggregate
                  unpaid Repurchase Prices and any other amounts owing by the
                  defaulting party hereunder or (B) in its sole discretion
                  elect, in lieu of selling all or a portion of such Purchased
                  Securities, to give the defaulting party credit for such
                  Purchased Securities in an amount equal to the price therefor
                  on such date, obtained from a generally recognized source or
                  the most recent closing bid quotation from such a source,
                  against the aggregate unpaid Repurchase Prices and any other
                  amounts owing by the defaulting party hereunder; and

            (ii)  as to Transactions in which the defaulting party is acting as
                  Buyer, (A) immediately purchase, in a recognized market (or
                  otherwise in a commercially reasonable manner) at such price
                  or prices as the nondefaulting party may reasonably deem
                  satisfactory, securities ("Replacement Securities") of the
                  same class and amount as any Purchased

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                  Securities that are not delivered by the defaulting party to
                  the nondefaulting party as required hereunder or (B) in its
                  sole discretion elect, in lieu of purchasing Replacement
                  Securities, to be deemed to have purchased Replacement
                  Securities at the price therefor on such date, obtained from a
                  generally recognized source or the most recent closing offer
                  quotation from such a source.

            Unless otherwise provided in Annex I, the parties acknowledge and
            agree that (1) the Securities subject to any Transaction hereunder
            are instruments traded in a recognized market, (2) in the absence of
            a generally recognized source for prices or bid or offer quotations
            for any Security, the nondefaulting party may establish the source
            therefor in its sole discretion and (3) all prices, bids and offers
            shall be determined together with accrued Income (except to the
            extent contrary to market practice with respect to the relevant
            Securities).

      (e)   As to Transactions in which the defaulting party is acting as Buyer,
            the defaulting party shall be liable to the nondefaulting party for
            any excess of the price paid (or deemed paid) by the nondefaulting
            party for Replacement Securities over the Repurchase Price for the
            Purchased Securities replaced thereby and for any amounts payable by
            the defaulting party under Paragraph 5 hereof or otherwise
            hereunder.

      (f)   For purposes of this Paragraph 11, the Repurchase Price for each
            Transaction hereunder in respect of which the defaulting party is
            acting as Buyer shall not increase above the amount of such
            Repurchase Price for such Transaction determined as of the date of
            the exercise or deemed exercise by the nondefaulting party of the
            option referred to in subparagraph (a) of this Paragraph.

      (g)   The defaulting party shall be liable to the nondefaulting party for
            (i) the amount of all reasonable legal or other expenses incurred by
            the nondefaulting party in connection with or as a result of an
            Event of Default, (ii) damages in an amount equal to the cost
            (including all fees, expenses and commissions) of entering into
            replacement transactions and entering into or terminating hedge
            transactions in connection with or as a result of an Event of
            Default, and (iii) any other loss, damage, cost or expense directly
            arising or resulting from the occurrence of an Event of Default in
            respect of a Transaction.

      (h)   To the extent permitted by applicable law, the defaulting party
            shall be liable to the nondefaulting party for interest on any
            amounts owing by the defaulting party hereunder, from the date the
            defaulting party becomes liable for such amounts hereunder until
            such amounts are (i) paid in full by the defaulting party or (ii)
            satisfied in full by the exercise of the nondefaulting party's
            rights hereunder. Interest on any sum payable by the defaulting
            party to the nondefaulting party under this Paragraph 11 (h) shall
            be at a rate equal to the greater of the Pricing Rate for the
            relevant Transaction or the Prime Rate.

      (i)   The nondefaulting party shall have, in addition to its rights
            hereunder, any rights otherwise available to it under any other
            agreement or applicable law.

                                       9
<PAGE>
12.   SINGLE AGREEMENT

      Buyer and Seller acknowledge that, and have entered hereinto and will
      enter into each Transaction hereunder in consideration of and in reliance
      upon the fact that, all Transactions hereunder constitute a single
      business and contractual relationship and have been made in consideration
      of each other. Accordingly, each of Buyer and Seller agrees (i) to perform
      all of its obligations in respect of each Transaction hereunder, and that
      a default in the performance of any such obligations shall constitute a
      default by it in respect of all Transactions hereunder, (ii) that each of
      them shall be entitled to set off claims and apply property held by them
      in respect of any Transaction against obligations owing to them in respect
      of any other Transactions hereunder and (iii) that payments, deliveries
      and other transfers made by either of them in respect of any Transaction
      shall be deemed to have been made in consideration of payments, deliveries
      and other transfers in respect of any other Transactions hereunder, and
      the obligations to make any such payments, deliveries and other transfers
      may be applied against each other and netted.

13.   NOTICES AND OTHER COMMUNICATIONS

      Any and all notices, statements, demands or other communications hereunder
      may be given by a party to the other by mail, facsimile, telegraph,
      messenger or otherwise to the address specified in Annex II hereto, or so
      sent to such party at any other place specified in a notice of change of
      address hereafter received by the other. All notices, demands and requests
      hereunder may be made orally, to be confirmed promptly in writing, or by
      other communication as specified in the preceding sentence.

14.   ENTIRE AGREEMENT; SEVERABILITY

      This Agreement shall supersede any existing agreements between the parties
      containing general terms and conditions for repurchase transactions. Each
      provision and agreement herein shall be treated as separate and
      independent from any other provision or agreement herein and shall be
      enforceable notwithstanding the unenforceability of any such other
      provision or agreement.

15.   NON-ASSIGNABILITY; TERMINATION

      (a)   The rights and obligations of the parties under this Agreement and
            under any Transaction shall not be assigned by either party without
            the prior written consent of the other party, and any such
            assignment without the prior written consent of the other party
            shall be null and void. Subject to the foregoing, this Agreement and
            any Transactions shall be binding upon and shall inure to the
            benefit of the parties and their respective successors and assigns.
            This Agreement may be terminated by either party upon giving written
            notice to the other, except that this Agreement shall,
            notwithstanding such notice, remain applicable to any Transactions
            then outstanding.

                                       10
<PAGE>
      (b)   Subparagraph (a) of this Paragraph 15 shall not preclude a party
            from assigning, charging or otherwise dealing with all or any part
            of its interest in any sum payable to it under Paragraph 11 hereof.

16.   GOVERNING LAW

      This Agreement shall be governed by the laws of the State of New York
      without giving effect to the conflict of law principles thereof.

17.   NO WAIVERS, ETC.

      No express or implied waiver of any Event of Default by either party shall
      constitute a waiver of any other Event of Default and no exercise of any
      remedy hereunder by any party shall constitute a waiver of its right to
      exercise any other remedy hereunder. No modification or waiver of any
      provision of this Agreement and no consent by any party to a departure
      herefrom shall be effective unless and until such shall be in writing and
      duly executed by both of the parties hereto. Without limitation on any of
      the foregoing, the failure to give a notice pursuant to Paragraph 4 (a) or
      4 (b) hereof will not constitute a waiver of any right to do so at a later
      date.

18.   USE OF EMPLOYEE PLAN ASSETS

      (a)   If assets of an employee benefit plan subject to any provision of
            the Employee Retirement Income Security Act of 1974 ("ERISA") are
            intended to be used by either party hereto (the "Plan Party") in a
            Transaction, the Plan Party shall so notify the other party prior to
            the Transaction. The Plan Party shall represent in writing to the
            other party that the Transaction does not constitute a prohibited
            transaction under ERISA or is otherwise exempt therefrom, and the
            other party may proceed in reliance thereon but shall not be
            required so to proceed.

      (b)   Subject to the last sentence of subparagraph (a) of this Paragraph,
            any such Transaction shall proceed only if Seller furnishes or has
            furnished to Buyer its most recent available audited statement of
            its financial condition and its most recent subsequent unaudited
            statement of its financial condition.

      (c)   By entering into a Transaction pursuant to this Paragraph, Seller
            shall be deemed (i) to represent to Buyer that since the date of
            Seller's latest such financial statements, there has been no
            material adverse change in Seller's financial condition which Seller
            has not disclosed to Buyer, and (ii) to agree to provide Buyer with
            future audited and unaudited statements of its financial condition
            as they are issued, so long as it is a Seller in any outstanding
            Transaction involving a Plan Party.

19.   INTENT

      (a)   The parties recognize that each Transaction is a "repurchase
            agreement" as that term is defined in Section 101 of Title 11 of the
            United States Code, as amended (except insofar

                                       11
<PAGE>
            as the type of Securities subject to such Transaction or the term of
            such Transaction would render such definition inapplicable), and a
            "securities contract" as that term is defined in Section 741 of
            Title 11 of the United States Code, as amended (except insofar as
            the type of assets subject to such Transaction would render such
            definition inapplicable).

      (b)   It is understood that either party's right to liquidate Securities
            delivered to it in connection with Transactions hereunder or to
            exercise any other remedies pursuant to Paragraph 11 hereof is a
            contractual right to liquidate such Transaction as described in
            Sections 555 and 559 of Title 11 of the United States Code, as
            amended.

      (c)   The parties agree and acknowledge that if a party hereto is an
            "insured depository institution," as such term is defined in the
            Federal Deposit Insurance Act, as amended ("FDIA"), then each
            Transaction hereunder is a "qualified financial contract," as that
            term is defined in FDIA and any rules, orders or policy statements
            thereunder (except insofar as the type of assets subject to such
            Transaction would render such definition inapplicable).

      (d)   It is understood that this Agreement constitutes a "netting
            contract" as defined in and subject to Title IV of the Federal
            Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA") and
            each payment entitlement and payment obligation under any
            Transaction hereunder shall constitute a "covered contractual
            payment entitlement" or "covered contractual payment obligation",
            respectively, as defined in and subject to FDICIA (except insofar as
            one or both of the parties is not a "financial institution" as that
            term is defined In FDICIA).

20.   DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS

      The parties acknowledge that they have been advised that:

      (a)   in the case of Transactions in which one of the parties is a broker
            or dealer registered with the Securities and Exchange Commission
            ("SEC") under Section 15 of the Securities Exchange Act of 1934
            ("1934 Act"), the Securities Investor Protection Corporation has
            taken the position that the provisions of the Securities Investor
            Protection Act of 1970 ("SIPA") do not protect the other party with
            respect to any Transaction hereunder;

      (b)   in the case of Transactions in which one of the parties is a
            government securities broker or a government securities dealer
            registered with the SEC under Section 15C of the 1934 Act, SIPA will
            not provide protection to the other party with respect to any
            Transaction hereunder; and

                                       12
<PAGE>
      (c)   in the case of Transactions in which one of the parties is a
            financial institution, funds held by the financial institution
            pursuant to a Transaction hereunder are not a deposit and therefore
            are not insured by the Federal Deposit Insurance Corporation or the
            National Credit Union Share Insurance Fund, as applicable.

Merrill Lynch International                  Onyx Acceptance Funding Corporation

By:_________________________________         By:________________________________

Title:______________________________         Title:_____________________________

Date:_______________________________         Date:______________________________

Merrill Lynch, Pierce, Fenner &
Smith Incorporated acting as Agent
as described in Annex III

By:_________________________________

Title:______________________________

Date:_______________________________

                                       13
<PAGE>
ANNEX II

NAMES AND ADDRESSES FOR COMMUNICATIONS BETWEEN PARTIES

               Merrill Lynch, Pierce, Fenner & Smith Incorporated

                             Stephanie S. Wolf, Esq.
                             World Financial Center
                             North Tower, 12th Floor
                             New York, NY 10281-1312
                                 (212) 449-3562

                              RETURN AGREEMENTS TO:

                                 Barbara H. Ross
                                Legal Department
                             World Financial Center
                             North Tower, 12th Floor
                             New York, NY 10281-1312
                               Tel: (212) 449-0105
                               Fax: (212) 449-6993

Name of Party:         Onyx Acceptance Funding Corporation

Contact:               Don P. Duffy, CFO

Street Address:        27051 Towne Centre Drive, Ste. 220

City, State, Zip Code: Foothill Ranch, CA  92610

Telephone No.:         949-465-3505

Fax No.:               949-465-3992

                                      II-1
<PAGE>
ANNEX III

This Annex III forms a part of the Master Repurchase Agreement dated as of April
30, 2003 (the "Agreement") between Merrill Lynch International ("MLI") and Onyx
Acceptance Funding Corporation ("Counterparty"), Capitalized terms used but not
defined in this Annex III shall have the meaning ascribed to them in the
Agreement. In the event of any conflict between the provisions of this Annex and
the Agreement and/or any other Annex, the terms of this Annex shall prevail.

1.    As a broker-dealer registered with the U.S. Securities and Exchange
      commission ("SEC"), Merrill Lynch, Pierce, Fenner & Smith Incorporated
      ("MLPF&S"), as agent of MLI and Counterparty, will be responsible for (i)
      effecting Transactions hereunder, (ii) issuing all required confirmations
      and statements to MLI and Counterparty, (iii) maintaining books and
      records relating to Transactions as required by SEC regulations, and (iv)
      receiving, delivering and safeguarding Counterparty's funds and any
      securities in connection with Transactions hereunder, in compliance with
      SEC regulations.

2.    MLPF&S is acting in connection with Transactions hereunder solely in its
      capacity as agent for MLI and Counterparty pursuant to instructions from
      MLI and Counterparty. MLPF&S shall have no responsibility or personal
      liability to MLI or Counterparty arising from any failure by MLI or
      Counterparty to make payment, deliver securities, or perform any other
      obligations hereunder, including without limitation obligations to
      transfer margin or collateral, except for MLPF&S's gross negligence or
      willful misconduct in performing its duties as agent hereunder. Each of
      MLI and Counterparty agrees to proceed solely against the other to collect
      or recover any securities or money owing to it to enforce any of its
      rights in connection with or as a result of Transactions hereunder.

3.    Notwithstanding any provisions of the Agreement, the parties hereby agree
      that any and all notices, demands or communications of any kind relating
      to Transactions hereunder between MLI and Counterparty shall be
      transmitted exclusively through MLPF&S in the manner specified in
      paragraph 13 of the Agreement to the address specified in Annex II to the
      Agreement.

4.    The parties acknowledge and agree that the Agreement shall not govern any
      repurchase transaction between (i) MLPF&S, acting in its individual
      capacity, and Counterparty or (ii) Counterparty and any entity other than
      MLI, regardless of whether MLPF&S is acting as agent for such other
      entity.

                                     III-1
<PAGE>
ANNEX IV

WIRE INSTRUCTIONS

a)    Merrill Lynch International
      CHASE NYK
      ABA 021000021
      MLI A/C 066208378
      Attn:  Danielle Sullivan
      Tel:  011 44 171 906 7088
      Fax:  011 44 171 906 7084

b)    Onyx Acceptance Funding Corporation
      Wells Fargo Bank
      ABA 121000248
      Acct # 4159359181
      Attn:  Vince Scardina
      Tel:  949-465-3507
      Fax:  949-465-3559

                                      IV-1
<PAGE>
ANNEX V

OPERATIONS-NOTICES AND COMMUNICATIONS

a)    Merrill Lynch International:

      Ropemaker Place
      25 Ropemaker Street
      London, England EC2Y 9LY
      Attention: Lisa Burge
      Tel: 011 44 171 906 7088
      Fax: 011 44 171 906 7179

a)    Onyx Acceptance Funding Corporation:

      27051 Towne Centre Drive, Ste. 220
      Foothill Ranch, CA  92610
      Attention: Don P. Duffy, CFO
      Tel:  949-465-3505
      Fax:  949-465-3992

                                      V-1

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