Document:

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                                                                  EXHIBIT 10.43a

                    AMENDMENT AND ADDENDUM TO PROMISSORY NOTE

         FOR VALUE RECEIVED, the undersigned, SAC Holding Corporation, a Nevada
corporation ("Maker"), hereby amends that certain Promissory Note (the "Note")
dated as of May 7, 1999 in the original principal amount of $10,000,000 payable
to the order of Oxford Life Insurance Company. ("Payee"), as follows.
Capitalized words used herein and not otherwise defined herein have the meaning
ascribed to such words in the Note.

         Section 2(a) of the Note is hereby amended to provide that effective as
of April 1, 2002, Basic Interest (which, for clarity, includes Pay Rate Interest
and Deferred Interest) is payable on a monthly basis, in arrears, on the first
business day of each month throughout the term of the Note.

         In addition, Section 2(e) of the Note is hereby amended to provide that
effective as of April 1, 2002, Cash Flow Contingent Interest is payable on a
monthly basis, in arrears, on the first business day of the month throughout the
term of the Note.

         The Note remains in full force and effect and is not amended in any
respect, except as expressly provided herein.

         IN WITNESS WHEREOF, the undersigned executes this Amendment and
Addendum to Promissory Note as of April 16, 2002.

                                               SAC Holding Corporation

                                               By: /s/ Bruce Brockhagen
                                                   -----------------------------
                                                   Bruce Brockhagen, Secretary

         Payee hereby agrees and consents to the above-described amendment to
the Note this 16th day of April, 2002.

                                               Oxford Life Insurance Company

                                               By: /s/ Mark Haydukovich
                                                   ---------------------------
                                                   Mark Haydukovich, President

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                                 PROMISSORY NOTE

Maximum principal amount of                              dated as of May 7, 1999
$10,000,000

     FOR VALUE RECEIVED, the undersigned SAC Holding Corporation, a Nevada
corporation (the "Maker" or the "undersigned"), promises to pay to the order of
Oxford Life Insurance Company, an Arizona corporation, ("Payee"), at the
principal office of the Payee at 2721 North Central Avenue, Phoenix, Arizona
85004 or at such other place or places as the holder hereof may from time to
time designate in writing, the principal sum of up to Ten Million Dollars
($10,000,000), or, if less, the aggregate unpaid principal amount of the Loan
made by Payee to Maker, with Interest on the principal balance outstanding from
time to time, all as hereinafter set forth.

         1.       Definitions. As used in this Note, each of the following terms
shall have the following meanings, respectively:

                  "Accrual Rate": shall mean the annual interest rate of eight
         and one-half percent (8.5%).

                  "Additional Interest": shall mean and include both Cash Flow
         Contingent Interest and Capital Proceeds Contingent Interest.

                  "Adjusted Operating Expenses": shall mean Operating Expenses
         (i) to account for all actual or required Operating Expenses as opposed
         to escrowed or estimated payments made pursuant to the Senior Loans and
         (ii) such other adjustments to Operating Expenses to adjust for
         seasonal, extraordinary or non-customary expenses and costs and other
         abnormalities.

                  "Affiliate": of any specified Person shall mean (i) any other
         Person controlling or controlled by or under common control with such
         specified Person and (ii) any limited partner of such Person if such
         Person is a limited partnership, any shareholder of such Person if such
         Person is a corporation, or any member of such Person if such Person is
         a limited liability company. For the purposes of this definition,
         "control," when used with respect to any specified Person, means the
         power to direct the management and policies of such person, directly or
         indirectly, whether through the ownership of voting securities, by
         contract, or otherwise; and the terms "controlling" and "controlled"
         have meanings correlative to the foregoing.

                  "Basic Interest": shall have the meaning given it in Section
         2(a) and 2(b) below.

                  "Borrowers": collectively, are the following: Six-A SAC
         Self-Storage Corporation, Six-B SAC Self-Storage Corporation, Six-C SAC
         Self-Storage Corporation, Eight SAC Self-Storage Corporation, Nine SAC
         Self-Storage
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         Corporation, Ten SAC Self-Storage Corporation and Eleven SAC
         Self-Storage Corporation, each Nevada corporations.

                  "Capital Proceeds Contingent Interest": shall have the meaning
         given it in Section 2(h)(i) below.

                  "Cash Flow Contingent Interest": shall have the meaning given
         it in Section 2(e) below.

                  "Catch-Up Payment": shall have the meaning given it in Section
         2(d).

                  "Debt Papers": shall mean the documents and instruments
         included within the definition of the term "Debt Papers" as provided in
         Section 14 below.

                  "Deferred Interest": shall have the meaning given it in
         Section 2(a).

                  "GAAP": shall mean generally accepted accounting principles as
         used and understood in the United States of America from time to time.

                  "Gross Income": shall equal Gross Receipts for the applicable
         twelve (12) month period less (i) sale tax and other similar taxes,
         (ii) condemnation awards, (iii) casualty or other insurance proceeds,
         (iv) proceeds of any borrowing, (v) proceeds of any or sale of any
         Mortgaged Properties, (vi) proceeds of any sale of assets outside the
         ordinary course of business, (vii) revenues relating to equipment or
         vehicle rentals and (vii) any revenue generated other than in
         connection with the use of the Mortgaged Properties.

                  "Gross Receipts": shall mean, for any period all gross
         receipts, revenues and income of any and every kind collected or
         received by or for the benefit or account of Maker and the Borrower
         during such period arising from the ownership, rental, use, occupancy
         or operation of the Project or any portion thereof. Gross Receipts
         shall include, without limitation, all receipts from all tenants,
         licensees and other occupants and users of the Project or any portion
         thereof, including, without limitation, rents, security deposits and
         the like, interest earned and paid or credited on all Maker's or the
         Borrowers' deposit accounts related to the Project, all proceeds of
         rent or business interruption insurance, and the proceeds of all
         casualty insurance or eminent domain awards to the extent not (i)
         applied, or reserved and applied within six (6) months after the
         creation of such reserve, to the restoration of the Project in
         accordance with the Mortgage, (ii) paid to Holder to reduce the
         principal amount of the Loan or (iii) paid to reduce the principal
         amount of the Senior Loans. Gross Receipts shall include the net
         commission payable from U-Haul International, Inc. for the rental of
         its equipment (whether or not such equipment is owned by the Owner of
         the Mortgaged Property) at any Mortgaged Property; provided however
         that such net commissions payable shall not be included in Gross
         Receipts until the 15th day of the month following the month in which
         such rental occurred, all in accordance with the customary procedure
         for the payment of net commission. Gross

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         Receipts shall not include any capital contributed to Maker, whether in
         the form of a loan or equity, or any proceeds from any loan made to
         Maker. For the purpose of calculating the permitted Management Fee and
         the Capital Expenditure Reserve Deposit, Gross Receipts shall also
         exclude sales taxes collected by the Maker in connection with the
         operation of the Project and held in trust for payment to the taxing
         authorities. Further, in calculating the Management Fee, Gross Receipts
         shall be further modified as provided for in the Property Management
         Agreement. Any receipt included within Gross Receipts in one period
         shall not be included within Gross Receipts for any other period (i.e.,
         no item of revenue or receipts shall be counted twice).

                  "Highest Lawful Rate": shall mean the maximum rate of interest
         which the Holder is allowed to contract for, charge, take, reserve, or
         receive under applicable law after taking into account, to the extent
         required by applicable law, any and all relevant payments or charges
         hereunder.

                  "Holder": shall mean at any particular time, the Person which
         is then the holder of this Note.

                  "Interest": shall mean Additional Interest, Basic Interest and
         Deferred Interest.

                  "Loan": shall mean the mortgage loan in the amount of up to
         $10,000,000.00 made by Payee to Maker and evidenced by the Note or up
         to such amount as may have been advanced by Payee to Maker from time to
         time.

                  "Loan Year": shall mean a year commencing on the date of this
         Note, or an anniversary thereof, and ending 365 days (or 366 days in a
         leap year) thereafter.

                  "Management Fee": shall mean the fee paid to the Project
         Manager pursuant to the Property Management Agreement which fee shall
         in no event exceed six percent (6.0%) of Gross Receipts.

                  "Material Adverse Effect": shall mean the likely inability or
         reasonably anticipated inability of Maker to pay the Loan and perform
         its other obligations in compliance with the terms of the Debt Papers.

                  "Maturity Date": shall mean the first to occur of the Stated
         Maturity Date and the earlier date (if any) on which the unpaid
         principal balance of, and unpaid Interest on, this Note shall become
         due and payable on account of acceleration by the Holder hereof.

                  "Mortgage": shall mean collectively the Deeds of Trust (and
         Mortgages, and Deeds to Secure Debt), Assignment of Leases and Rents,
         Security Agreement and Financing Statement securing the promissory note
         representing the Senior Loans, as the same may be amended, modified or
         restated from time to time and together with

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         all replacements and substitutions therefor. The Mortgage is more fully
         identified in Section 14 below.

                  "Mortgaged Properties": shall mean the properties of the
         Borrowers encumbered by the Senior Loan Documents.

                  "Net Capital Proceeds": shall have the meaning given it in
         Section 2(h)(iv) below.

                  "Net Cash Flow": shall mean, for any period, the amount by
         which the Gross Receipts for such period exceed the sum of Interest
         paid during such period, Operating Expenses paid for and with respect
         to such period, and interest paid under and on account of the Senior
         Loans during such period; but Net Cash Flow for any period shall not be
         less than zero.

                  "Net Cash Flow Before Debt Service": shall mean, for any
         period, the amount by which the Gross Receipts for such period exceed
         the Operating Expenses for and with respect to such period.

                  "Net Operating Income": shall mean the "Gross Income"
         generated by the Project less Adjusted Operating Expenses, adjusted to
         reflect a ninety-five (95%) percent occupancy on a per Mortgaged
         Property basis for of the Project.

                  "Note": shall mean this Promissory Note as it may be amended,
         modified, extended or restated from time to time, together with all
         substitutions and replacements therefor.

                  "Operating Expenses": shall mean, for any period, all cash
         expenditures of Maker or the Borrowers actually paid (and properly
         payable) during such period for (i) payments into escrow pursuant to
         the Debt Papers for real and personal property taxes; (ii) real and
         personal property taxes on the Project (except to the extent paid from
         escrowed funds); (iii) premiums for liability, property and other
         insurance on the Project; (iv) the Capital Expenditure Reserve Deposit;
         (v) the Management Fee; (vi) sales and rental taxes relating to the
         Project (except to the extent paid from the Tax and Insurance Escrow
         Account); and (vii) normal, reasonable and customary operating expenses
         of the Project. In no event shall Operating Expenses include amounts
         distributed to the partners or shareholder's of Maker or the Borrowers,
         payments to Affiliates not permitted under Section 7(c) below, any
         payments made on the Loan or any other loan obtained by Maker, amounts
         paid out of any funded reserve expressly approved by Holder, non-cash
         expenses such as depreciation, or any cost or expense related to the
         restoration of the Project in the event of a casualty or eminent domain
         taking paid for from the proceeds of insurance or an eminent domain
         award or any reserve funded by insurance proceeds or eminent domain
         awards.

                  "Pay Rate": shall mean the annual interest rate of two percent
         (2.0%).

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                  "Pay Rate Interest": shall mean for any period the amount of
         Basic Interest payable for such period less the amount of Deferred
         Interest which accrued during such period.

                  "Person": shall mean any corporation, natural person, firm,
         joint venture, general partnership, limited partnership, limited
         liability company, trust, unincorporated organization, government or
         any department or agency of any government.

                  "Present Value": shall have the meaning given such term in
         Section 4(c) below.

                  "Project": shall mean the real estate, the improvements and
         the personal property encumbered pursuant to the Senior Loan Documents,
         taken together collectively.

                  "Project Manager": shall have the meaning given it in Section
         6(j) below.

                  "Property Management Agreement": shall have the meaning given
         such term in Section 6(j) below.

                  "Requirements of Law": shall mean, as to any Person,
         requirements as set out in the provisions of such Person's Articles of
         Incorporation and Bylaws (in the case of a corporation) partnership
         agreement and certificate or statement of partnership (in the case of a
         partnership) or other organizational or governing documents, or as set
         out in any law, treaty, rule or regulation, or final and binding
         determination of an arbitrator, or determination of a court or other
         federal, state or local governmental agency, authority or subdivision
         applicable to or binding upon such Person or any of its property or to
         which such Person or any of its property is subject, or in any private
         covenant, condition or restriction applicable to or binding upon such
         Person or any of its property or to which such Person or any of its
         property is subject.

                  "Sale": shall mean any direct or indirect sale, assignment,
         transfer, conveyance, lease (except for leases of terms not exceeding 1
         year to tenants in the ordinary course of business complying with
         standards and in a form approved by Payee) or disposition of any kind
         whatsoever of the Project, or of any portion thereof or interest
         (whether legal, beneficial or otherwise) or 25% or more (in the
         aggregate of all such sales, transfers, assignments, etc., made at any
         time or from time to time, taken together) of all equity interests in
         Maker.

                  "Security Documents": shall mean the documents and instruments
         included within the definition of the term "Security Documents" as
         provided in Section 14 below.

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                  "Senior Loan Documents": shall mean and include, at any time,
         all promissory notes, mortgages and other documents and instruments
         which create, evidence or secure all or any part of the Senior Loans.

                  "Senior Lender" shall mean Wells Fargo Bank, N.A. ("Wells"),
         GE Capital Corporation ("GE") and/or First Union National Bank, N.A.
         ("First Union"), as the context may so require, in their respective
         capacities as the lenders under the Senior Loans.

                  "Senior Loans": shall mean, collectively, (i) that certain
         loan in the amount of $32,100,000.00 made by the Wells to the Eleven
         SAC Self Storage Corporation; (ii) that certain loan in the amount of
         $9,626,000.00 made by the GE to the Eight SAC Self Storage Corporation;
         (iii) that certain loan in the amount of $8,945,000.00 made by the GE
         to the Nine SAC Self Storage Corporation; (iv) that certain loan in the
         amount of $10,272,000.00 made by the GE to the Ten SAC Self Storage
         Corporation; (v) that certain loan in the amount of $9,675,000.00 made
         by the First Union to the Six-A SAC Self Storage Corporation; (vi) that
         certain loan in the amount of $9,423,000.00 made by the First Union to
         the Six-B SAC Self Storage Corporation; and (vii) that certain loan in
         the amount of $10,513,000.00 made by the First Union to the Six-C SAC
         Self Storage Corporation.

                  "Stated Maturity Date": shall mean May 7, 2019, or the date on
         which all of the Property Management Agreements are terminated in
         accordance with Section 6 thereof, or on demand by Payee.

                  "Tax and Insurance Escrow Account": shall mean any impound
         account established pursuant to the Senior Loans, or any of them.

                  "Triggering Event": shall have the meaning given it hi Section
         2(h)(ii) below.

                  "Yield Maintenance Premium": shall have the meaning given such
         term in Section 4(b) below.

         2. Interest.

                  (a) Basic Interest Rate Prior to Maturity. Prior to the
         Maturity Date, interest ("Basic Interest") shall accrue on the
         principal balance of the Note outstanding from time to time at the
         Accrual Rate. Such interest shall be paid as follows: quarterly in
         arrears, on the first day of each calendar quarter. Maker shall pay to
         Holder an amount calculated by applying the Pay Rate to the principal
         balance outstanding hereunder; and, the remainder of the Basic Interest
         accrued hereunder at the Accrual Rate during such quarter through the
         last day of such quarter ("Deferred Interest") shall be deferred, shall
         be payable as and at the time provided in Section 2(d) below, and
         commencing on the day payment of Basic Interest at the Pay Rate is due
         for

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         such quarter, interest shall accrue on such Deferred Interest at the
         Accrual Rate (and any accrued interest thereon, shall be considered
         part of Deferred Interest).

                  (b) Post-Maturity Basic Interest. From and after the Maturity
         Date interest ("Post Maturity Basic Interest") shall accrue and be
         payable on the outstanding principal balance hereof until paid in full
         at an annual rate equal to fifteen percent (15%) and such Post Maturity
         Basic Interest shall be payable upon demand.

                  (c) Computations. All computations of interest and fees
         payable hereunder shall be based upon a year of 360 days for the actual
         number of days elapsed.

                  (d) Deferred Interest. Deferred Interest shall be paid as
         follows:

                  (i) On each quarterly date for the payment of Basic Interest,
                  Maker shall pay an amount (the "Catch-Up Payment") equal to
                  the lesser of (i) the aggregate outstanding Deferred Interest
                  on the last day of the quarter for which such payment is being
                  made and (ii) ninety percent (90%) of the result of
                  subtracting from Net Cash Flow Before Debt Service for that
                  quarter the sum of principal and interest paid on the Senior
                  Loans by the borrowers thereunder for such period plus an
                  additional amount equal to twice the Pay Rate Interest for
                  such period;

                  (ii) All unpaid Deferred Interest shall be paid on the
                  Maturity Date; and

                  (iii) No payment of Deferred Interest may, when added to all
                  other payments of interest or payments construed as interest,
                  shall exceed the Highest Lawful Rate.

                  (e) Cash Flow Contingent Interest. In addition to Basic
         Interest and Deferred Interest, on each date on which Basic Interest is
         payable hereunder, Maker shall pay to Holder interest ("Cash Flow
         Contingent Interest") in an amount equal to the amount (if any) by
         which ninety percent (90%) of the result of subtracting from Net Cash
         Flow Before Debt Service for that quarter the sum of principal and
         interest paid on the Senior Loans for such period plus an additional
         amount equal to twice the Pay Rate Interest for such period each
         calculated as of that date exceeds the Catch-Up Payment paid on that
         date by Maker to Holder. Additionally, at the time of the closing of
         any impound accounts established pursuant to the Senior Loan Documents,
         deposits into which are considered Operating Expenses, Cash Flow
         Contingent Interest shall be due to the Holder on the balances in those
         accounts except to the extent such balances are paid to the Senior
         Lender.

                  (f)Quarterly Statements; Adjustment of Payments. On the due
         date for each payment of Basic Interest, Maker shall deliver to Holder
         a certified statement of operations of the Project for the calendar
         quarter or other period with respect to which such Basic Interest is
         due, showing in reasonable detail and in a format approved by Holder
         respective amounts of, and the method of calculating, the Gross

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         Receipts, Gross Income, Operating Expenses, Net Cash Flow, Catch-Up
         Amount and Cash Flow Contingent Interest for the preceding calendar
         quarter, as well as (if requested by Holder) all data necessary for the
         calculation of any such amounts. Maker shall keep and maintain at all
         times full and accurate books of account and records adequate to
         correctly reflect all such amounts. Such books and records shall be
         available for at least five years after the end of the calendar quarter
         to which they relate. Holder shall have the right to inspect, copy and
         audit such books of account and records during reasonable business
         hours, and upon reasonable notice to Maker, for the purpose of
         verifying the accuracy of any payments made on account of Cash Flow
         Contingent Interest. The costs of any such audit will be paid by
         Holder, except that Maker shall pay all reasonable costs and expenses
         of any such audit which discloses that any amount properly payable by
         maker to Holder hereunder exceeded by five percent (5%) or more the
         amount actually paid and initially reported by maker as being payable
         with respect thereto.

                  (g) Prorations of Cash Flow Contingent Interest. Cash Flow
         Contingent Interest shall be equitably prorated on the basis of a
         365-day year for any partial calendar quarter in which the term of the
         Loan commences or in which the Note is paid in full. If the payment of
         Cash Flow Contingent Interest due on the Maturity Date is made before
         the delivery to Holder of the quarterly statement for the then current
         calendar quarter, then Maker shall pay to Holder on Maturity Date an
         estimate of such amount. Maker shall subsequently deliver to Holder an
         operating statement as required by Section 2(f) for the quarter in
         which the Maturity Date occurred, and an appropriate adjustment of the
         estimated amount previously paid by Maker shall be made by the parties
         within ten (10) days after the operating statement for such final
         quarter is delivered to Holder.

                  (h) Capital Proceeds Contingent Interest.

                           (i) Capital Proceeds Contingent Interest Defined.
         Maker shall pay to Holder, in addition to Basic Interest, Deferred
         Interest and Cash Flow Contingent Interest, at the time or times and in
         the manner hereinafter described, an amount equal to ninety percent
         (90%) of the Net Capital Proceeds resulting from, or determined at the
         time of, any of the Triggering Events described below (collectively,
         "Capital Proceeds Contingent Interest").

                           (ii) Events Triggering Payment of Net Capital
         Proceeds. Capital Proceeds Contingent Interest shall be due and payable
         concurrently with the occurrence of each and every one of the following
         events (collectively "Triggering Events", and individually, a
         "Triggering Event"):

                                    (A) Project Sale or Financing. The closing
         of any Sale of the Project (any such event is hereinafter collectively
         referred to as a "Sale or Financing"):

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                                    (B) Default Occurrence. The occurrence of
         any Event of Default which is not fully cured within the period of
         time, if any, expressly provided for cure herein, and the acceleration
         of the maturity of the Loan on account thereof (hereinafter
         collectively referred to as a "Default Occurrence"); and

                                    (C) Maturity Occurrence. The occurrence of
         the Maturity Date or the prepayment by Maker (if permitted hereunder)
         of all principal and accrued Basic Interest (including, without
         limitation, Deferred Interest) and Cash Flow Contingent Interest
         outstanding on the Loan (the "Maturity Occurrence").

                           (iii)    Notice of Triggering Event: Time for Payment
         of Capital Proceeds Contingent Interest. Maker shall notify Holder of
         the occurrence of a Triggering Event, and shall pay Holder the full
         amount of any applicable Capital Proceeds Contingent Interest which is
         payable in connection therewith, as follows:

                                    (A) In the case of any Sale or Financing or
         the Maturity Occurrence, Maker shall give Holder written notice of any
         such Triggering Event not less than seventy five (75) days before the
         date such Triggering Event is to occur. Any Capital Proceeds Contingent
         Interest due Holder on account of any Sale or Financing or the Maturity
         Occurrence shall be paid to Holder on the date such Triggering Event
         occurs.

                                    (B) In the case of a Default Occurrence, no
         notice of such a Triggering Event need be given by Maker. In such
         event, payment of any and all Capital Proceeds Contingent Interest on
         account of the Default Occurrence shall be immediately due and payable
         upon acceleration of the maturity of the Loan.

                           (iv) Determination of Net Capital Proceeds. Prior to
         the occurrence of a Triggering Event (or, in the event of a Default
         Occurrence, within a reasonable time thereafter), the "Net Capital
         Proceeds" resulting from such Triggering Event shall be determined as
         follows:

                                    (A) Net Capital Proceeds From Sale or
         Financing. Except as provided in Section 2(h)(iv)(B) below, in the
         event of a Sale or Financing, "Net Capital Proceeds" shall be the
         amount which is equal to: (I) either (x) the Gross Capital Proceeds (as
         hereinafter defined) realized from the Project, or (y) the fair market
         value of the Project determined pursuant to Section 2(h)(v) below, if
         Holder in its discretion requires such a determination, minus (II) the
         sum of: (aa) reasonable brokerage commissions (excluding any payments
         to any Affiliate of Maker to the extent such payments exceed those
         which would have been due as commissions to a non-Affiliate broker
         rendering identical services), title insurance premiums, documentary
         transfer taxes, escrow fees and recording charges, appraisal fees,
         reasonable attorneys' fees and costs, and sales taxes (if any), in each
         case actually paid or payable by Maker in connection with the Sale or
         Financing, plus (bb) all payments of principal and Deferred Interest
         paid to Holder an account of this Note from the proceeds of such Sale
         or Financing, plus (cc) an amount equal to all

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         payments of principal and interest on the Senior Loans made from the
         proceeds of such Sale or Financing, plus (dd) any amount paid as Yield
         Maintenance Premium as a result of such Sale or Financing. For purposes
         of this Section 2(h), "Gross Capital Proceeds" shall mean the gross
         proceeds of whatever form or nature payable directly or indirectly to
         or for the benefit or account of Maker in connection with such Sale or
         Financing, including, without limitation: cash; the outstanding balance
         of any financing which will remain as a lien or encumbrance against the
         Project or any portion thereof following such Sale or Financing (but
         only in the case of a Sale, and not in the case of an encumbrance); and
         the cash equivalent of the fair market value of any non-cash
         consideration, including the present value of any promissory note
         received as part of the proceeds of such Sale or Financing (valued at a
         market rate of interest, as determined by an independent investment
         banker designated by Holder).

                                    (B) Net Capital Proceeds In Connection With
         a Default or Maturity Occurrence. In the event of a Default Occurrence
         or the Maturity Occurrence when no Sale or Financing has occurred, the
         "Net Capital Proceeds" shall equal: (I) the fair market value of the
         Project determined as of the date of such Triggering Event in
         accordance with Section 2(h)(v) below, minus (II) the sum of (aa) the
         outstanding principal balance plus Deferred Merest on the Note plus
         (bb) the outstanding principal balance of, and accrued but unpaid
         interest on, the Senior Loans.

                           (v) Determination of Fair Market Value. The fair
         market value of the Project shall be determined for purposes of this
         Note as follows:

                                    (A) Partial Sale. In the event of a Sale of
         a portion of the Project, Holder shall select an experienced and
         reputable appraiser to prepare a written appraisal report of the fair
         market value of the Project in accordance with clause (C) below, and
         the appraised fair market value submitted to Holder by such appraiser
         shall be conclusive for purposes of this Note.

                                    (B) Other Occurrences. In all other
         circumstances the fair market value of the Project shall be deemed to
         equal the result of dividing the Net Cash Flow Before Debt Service for
         the immediately preceding fiscal year by ten percent (10%). However, if
         the Net Cash Flow Before Debt Service for the immediately preceding
         fiscal year has been lowered because of unusually high Operating
         Expenses during such fiscal year the fair market value of the Project
         may, at the option of the Maker be determined by dividing by ten
         percent (10%) the mean average of the Net Cash Flow Before Debt
         Service of the Project for the 3 immediately preceding fiscal years of
         the Project.

                                    (C) Appraisal Standards and Assumptions. In
         making any determination by appraisal of fair market value, the
         appraiser(s) shall assume that the improvements then located on the
         Project constitute the highest and best use of the property. If the
         Triggering Event is a Sale or Financing, the appraiser(s) shall take
         (A)

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         the sales price into account, although such sales price shall not be
         determinative of fair market value. Each appraiser selected hereunder
         shall be an independent MAI-designated appraiser with not less than ten
         years' experience in commercial real estate appraisal in the general
         geographical area where the Project is located.

                           (vi) Effect on Holder's Approval Rights. Nothing
         contained in this Section 2(h) shall be deemed or construed to waive,
         restrict, impair, or in any manner affect Holder's rights hereunder or
         under any provisions of the Debt Papers to consent (or withhold its
         consent) to: any prepayment of the Loan in whole or in part; sales or
         other transfers of all or any portion of the Project or any interest
         therein; sales or other transfers of any ownership interests in Maker;
         any refinancing of all or any portion of the Loan; any junior
         financing; or, any other matters which require Holder's consent.

                           (vii) Statement, Books and Records. With each payment
         of Capital Proceeds Contingent Interest, Maker shall furnish to Holder
         a statement setting forth Maker's proposed calculation of Net Capital
         Proceeds and Capital Proceeds Contingent Interest and shall provide a
         detailed breakdown of all items necessary for such calculation. For a
         period of five years after each payment of Capital Proceeds Contingent
         Interest, Maker shall keep and maintain full and accurate books and
         records adequate to correctly reflect each such item. Said books and
         records shall be available for Holder's inspection, copying and audit
         during reasonable business hours following reasonable notice for the
         purpose of verifying the accuracy of the payments made on account of
         Capital Proceeds Contingent Interest. The costs of any such audit will
         be paid by Holder, except that Maker shall pay all reasonable costs and
         expenses of any such audit which discloses that any amount properly
         payable by Maker to Holder hereunder exceeded by five percent (5%) or
         more the amount actually paid and initially reported by maker as being
         payable with respect thereto.

                           (viii) Negative Capital Proceeds Contingent Interest.
         Notwithstanding any other provision of this Agreement, Holder shall
         not be responsible or liable in any respect to Maker or any other
         Person for any reduction in the fair market value of the Project or for
         any contingency, condition or occurrence that might result in a
         negative number for Capital Proceeds Contingent Interest. If at any
         time it is calculated, Capital Proceeds Contingent Interest shall be a
         negative amount, no Capital Proceeds Contingent Interest shall at that
         time be payable to Holder, but Holder shall in no way be liable for any
         such negative amount and there shall be no deduction or offset for such
         negative amount at any time when Capital Proceeds Contingent Interest
         shall be subsequently calculated.

                           (ix) No payment of Capital Proceeds Contingent
         Interest may, when added to all other payments of interest or payments
         construed as interest, shall exceed the Highest Lawful Rate.

                                       11
<PAGE>

         3. Usury Savings Clause. The provisions of this Section 3 shall govern
and control over any irreconcilably inconsistent provision contained in this
Note or in any other document evidencing or securing the indebtedness evidenced
hereby. The Holder hereof shall never be entitled to receive, collect, or apply
as interest hereon (for purposes of this Section 3. the word "interest" shall be
deemed to include Basic Interest, Additional Interest and any other sums treated
as interest under applicable law governing matters of usury and unlawful
interest), any amount in excess of the Highest Lawful Rate (hereinafter defined)
and, in the event the Holder ever receives, collects, or applies as interest any
such excess, such amount which would be excessive interest shall be deemed a
partial prepayment of principal and shall be treated hereunder as such; and, if
the principal of this Note is paid in full, any remaining excess shall forthwith
be paid to Maker. In determining whether or not the interest paid or payable,
under any specific contingency, exceeds the Highest Lawful Rate, Maker and the
Holder shall, to the maximum extent permitted under applicable law, (i)
characterize any nonprincipal payment as an expense, fee, or premium rather than
as interest, (ii) exclude voluntary prepayments and the effects thereof, and
(iii) spread the total amount of interest throughout the entire contemplated
term of this Note; provided, that if this Note is paid and performed in full
prior to the end of the full contemplated term hereof, and if the interest
received for the actual period of existence hereof exceeds the Highest Lawful
Rate, the Holder shall refund to Maker the amount of such excess or credit the
amount of such excess against the principal of this Note, and, in such event,
the Holder shall not be subject to any penalties provided by any laws for
contracting for, charging, or receiving interest in excess of the Highest Lawful
Rate.

         4. Payments.

                  (a) Interest and Principal. Maker promises to pay to the
         Holder hereof Basic Interest, Deferred Interest and Additional Interest
         as, in the respective amounts, and at the respective times provided in
         Section 2 hereinabove. Each payment of Basic Interest (including
         without limitation, Deferred Interest), and Additional Interest on, or
         any other amounts of any kind with respect to, this Note shall be made
         by the Maker to the Holder hereof at its office in Phoenix, Arizona (or
         at any other place which the Holder may hereafter designate for such
         purpose in a notice duly given to the Maker hereunder), not later than
         noon, Eastern Standard Time, on the date due thereof; and funds
         received after that hour shall be deemed to have been received by the
         Holder on the next following business day. Whenever any payment to be
         made under this Note shall be stated to be due on a date which is not a
         business day, the due date thereof shall be extended to the next
         succeeding business day, and interest shall be payable at the
         applicable rate during such extension.

                  (b) Late Payment Charges. If any amount of Interest, principal
         or any other charge or amount which becomes due and payable under this
         Note is not paid and received by the Holder within five business days
         after the date it first becomes due and payable, Maker shall pay to the
         Holder hereof a late payment charge in an amount equal to five percent
         (5%) of the full amount of such late payment, whether such late payment
         is received prior to or after the expiration of the ten-day cure period
         set forth in Section 8(a). Maker recognizes that in the event any
         payment secured hereby (other than the principal payment due upon
         maturity of the Note,

                                       12
<PAGE>

         whether by acceleration or otherwise) is not made when due, Holder will
         incur extra expenses in handling the delinquent payment, the exact
         amount of which is impossible to ascertain, but that a charge of five
         percent (5%) of the amount of the delinquent payment would be a
         reasonable estimate of the expenses so incurred. Therefore, if any such
         payment is not received when due and payable, Maker shall without
         prejudicing or affecting any other rights or remedies of the trustee
         under those certain Junior Deeds of Trust (or Junior Mortgages, or
         Junior Deeds to Secure Debt), Assignment of Leases and Rents, Security
         Agreement, Financing Statement and Fixture Filing of even date herewith
         or Holder pay to Holder to cover expenses incurred in handling the
         delinquent payment, an amount calculated at five percent (5%) of the
         amount of the delinquent payment.

                  (c) No Prepayment. Maker shall have the right to prepay this
         Note at any time, but only subject to the requirements and conditions
         set forth below. If under any circumstances whatsoever (other than
         pursuant to Section 3 above) this Note is paid in whole or in part,
         whether voluntarily, following acceleration after the occurrence of an
         Event of Default, with the consent of Holder, by Holder's application
         of any condemnation or insurance proceeds to amounts due under the
         Note, by operation of law or otherwise, and whether or not such payment
         prior to the Stated Maturity Date results from the Holder's exercise of
         its rights to accelerate the indebtedness evidenced hereby, then Maker
         shall pay to the Holder the Yield Maintenance Premium (defined
         hereinbelow) in addition to paying the entire unpaid principal balance
         of this Note and all Interest which has accrued but is unpaid except
         with the written consent of the Holder.

                  A Yield Maintenance Premium in an amount equal to the grater
         of (A) one percent (1.0%) of the principal amount being prepaid, and
         (B) the positive excess of (1) the present value ("PV") of all future
         installments of principal and interest due pursuant to Section 4(a) of
         this Note absent any such prepayment including the principal amount due
         at the Stated Maturity Date (collectively, "All Future Payments"),
         discounted at an interest rate per annum equal to the sum of (a) the
         Treasury Constant Maturity Yield Index published during the second full
         week preceding the date on which such Yield Maintenance Premium is
         payable for instruments having a maturity coterminous with the
         remaining term of this Note, and (b) One Hundred Forty (140) basis
         points, over (2) the then outstanding principal balance hereof
         immediately before such prepayment [(PV of All Future Payments)
         (Principal balance at the time of prepayment) = Yield Maintenance
         Premium]. "Treasury Constant Maturity Yield Index" shall mean the
         average yield for "This Week" as reported by the Federal Reserve Board
         in Federal Reserve Statistical Release H.15 (519). If there is no
         Treasury Constant Maturity Yield Index for instruments having a
         maturity coterminous with the remaining term of this Note, then the
         index shall be equal to the weighted average yield to maturity of the
         Treasury Constant Maturity Yield Indices with maturities next longer
         and shorter than such remaining average life to the maturity,
         calculated by averaging (and rounding upward to the nearest 1/100 of 1%
         per annum, if the average is not such a multiple) the yields of the
         relevant Treasury Constant Maturity Yield Indices

                                       13
<PAGE>

         (rounded, if necessary, to the nearest 1/100 of 1% with any figure of
         1/200 of 1% or above rounded upward). In the event that any Yield
         Maintenance Premium is due hereunder, Holder shall deliver to Maker a
         statement setting forth the amount and determination of the Yield
         Maintenance Premium and, provided that Holder shall have in good faith
         applied the formula described above, Maker shall not have the right to
         challenge the calculation or the method of calculation set forth in any
         such statement in the absence of manifest error, which calculation may
         be made by Holder on any day during the thirty (30) day period
         preceding the date of such prepayment. Holder shall not be obligated or
         required to have actually reinvested the prepaid principal balance at
         the Treasury Constant Maturity Yield Index or otherwise as a condition
         to receiving the Yield Maintenance Premium. No Yield Maintenance
         Premium or premium shall be due or payable in connection with any
         prepayment of the indebtedness evidenced by this Note made on or after
         any date after June 1, 2005. In addition to the aforesaid Yield
         Maintenance Premium if, upon any such prepayment (whether prior to or
         after any date that is after June 1, 2005, the aforesaid prior written
         notice has not been received by Holder, the Yield Maintenance Premium
         shall be increased by an amount equal to the lesser of (i) thirty (30)
         days' unearned interest computed in the outstanding principal balance
         of this Note, so prepaid and (ii) unearned interest computed on the
         outstanding principal balance of this Note so prepaid for the period
         from, and including, the date of prepayment through the otherwise
         Stated Maturity Date of this Note.

                  Without limiting the scope of the foregoing provisions, the
         provisions of this paragraph shall constitute, within the meaning of
         any applicable state statute, both a waiver of any right Maker may have
         to prepay the Note, in whole or in part, without premium or charge,
         upon acceleration of the maturity of the Note, or otherwise, and an
         agreement by Maker to pay the prepayment charge described in this Note,
         whether such prepayment is voluntary or upon or following any
         acceleration of this Note, or otherwise, and for such purpose Maker has
         separately initialed this provision in the space provided below, and
         Maker hereby declares that Holder's agreement to make the Loan to Maker
         at the interest rate and for the term set forth in the Note constitutes
         adequate consideration, of individual weight, for this waiver and
         agreement by Maker.

         Notwithstanding the foregoing, or anything else in this Note to the
         contrary, it is agreed that in the event this Note becomes due and
         payable as a result of the termination of all of the Property
         Management Agreements, Maker shall not be subject to the Yield
         Maintenance Premiums or other prepayment premiums contemplated herein
         and Maker shall only be required to repay the outstanding principal
         balance of this Note and accrued but unpaid Basic Interest and Deferred
         Interest through the date of such prepayment, it being agreed that in
         such event, Maker shall not be required to pay any Capital Proceeds
         Contingent Interest or Cash Flow Contingent Interest.

                      Maker's Initials: [ILLEGIBLE]

                                       14
<PAGE>

         5. Representations and Warranties of Maker. Maker represents and
warrants to Payee, as of the date hereof, that:

                  (a) Due Authorization. Maker is a corporation duly organized
         under the laws of the state of its organization, with the authority to
         own the Project and enter into the Debt Papers and consummate the
         transactions contemplated thereby;

                  (b) No Violation. Maker's execution, delivery and performance
         of its obligations under the Debt Papers do not and will not violate
         the articles of incorporation or by-laws of Maker and will not violate,
         conflict with or constitute a default under any agreement to which
         Maker is a party or by which the Project is bound or encumbered, or
         violate any Requirements of Law to which Maker or the Project is
         subject;

                  (c) Consents. No consents, approvals, filings, or notices of,
         with or to any Person are required on the part of Maker in connection
         with Maker's execution, delivery and performance of its obligations
         under the Debt Papers that have not been duly obtained, made or given,
         as the case may be;

                  (d) Enforceability. The Debt Papers are valid, binding and
         enforceable in accordance with their terms, except as the
         enforceability thereof may be limited by bankruptcy, insolvency,
         moratorium, reorganization or similar laws relating to or affecting the
         enforcement of creditors' rights generally.

                  (e) Compliance with Laws. Each Mortgaged Property is in
         compliance in all material respects with all applicable Requirements of
         Law;

                  (f)Zoning and Other Laws. The Project and the use thereof as a
         self-storage facility, separate and apart from any other properties,
         constitutes a legal and conforming use under applicable zoning
         regulations and each such Project is in compliance in all material
         respects with all applicable Requirements of Law;

                  (g) Litigation. No litigation, investigation or proceeding or
         notice thereof before any arbitrator or governmental authority, agency
         or subdivision is pending or, to Maker's best knowledge, threatened,
         against Maker or the Project;

                  (h) Utilities; Licenses. All utilities required by
         Requirements of Law or by the normal and intended use of the Project
         are installed to the property line and connected by valid permits and
         the Maker possesses, or will possess as and when necessary, all
         patents, patent rights or licenses, trademarks, trade names, trade name
         right, service marks, copyrights, licenses, permits and consents (or
         rights thereto) which are required to conduct its business as it is now
         conducted or as it is presently proposed to be conducted, or which are
         required by any governmental entity or agency;

                                       15
<PAGE>

                  (i) Easements. Maker has obtained and has encumbered in favor
         of Holder pursuant to the Mortgage all easements, appurtenances and
         rights of way necessary for access to and the normal uses of the
         Project; and

                  (i) Place of Business. Maker's principal place of business is
         located at 715 South Country Club Drive, Mesa, AZ 85210, and that
         address is its only place of business or its chief executive office.

         6. Affirmative Covenants. Maker hereby covenants and agrees that, so
long as any indebtedness under the Note remains unpaid, Maker shall:

                  (a) Use of Proceeds. Use the proceeds of the Loan to repay
         certain indebtedness presently outstanding against the Project and held
         by Payee.

                  (b) Financial Statements. Deliver or cause to be delivered to
         Holder:

                           (i) As soon as available and in any event within 90
                  days after the end of each calendar year, annual financial
                  reports on the Project showing all income and expenses
                  certified to be accurate and complete by an officer of the
                  Maker; and

                           (ii) As soon as available and in any event within 45
                  days after the end of each of the first three calendar
                  quarters of each year, (1) a detailed comparative earnings
                  statement for such quarter and for the period commencing at
                  the end of the previous fiscal year and ending with the end of
                  such quarter, and (2) financial reports on the Project showing
                  all income and expenses, certified to be accurate and complete
                  by an officer of the managing general partner of Maker (or, if
                  Maker is a corporation, of Maker); and

                           (iii) Promptly, such additional financial and other
                  information (including, without limitation, information
                  regarding the Project) as Holder may from time to time
                  reasonably request.

                  (c) Inspection of Property; Books and Records; Discussions.
         Keep proper books of record and account in which full, true and correct
         entries in conformity with GAAP and all Requirements of Law shall be
         made of all dealings and transactions in relation to its business and
         activities and, upon reasonable notice, permit representatives of
         Holder to examine and make abstracts from any of its books and records
         at any reasonable time and as often as may reasonably be desired by
         Holder and to discuss the business, operations, properties and
         financial and other conditions of Maker with officers and employees of
         Maker and with its independent certified public accountants. In
         addition, on the last day of each calendar month on which an Interest
         payment is due, Maker shall furnish to Holder a certified statement of
         operations of the Project for the calendar month in which such Interest
         payment is due, showing in reasonable detail and in a format approved
         by Holder the Gross Receipts, Operating Expenses, and Net Cash Flow, as
         well as (if required by Holder)

                                       16
<PAGE>

         all data necessary for the calculation of any such amounts. Maker shall
         keep and maintain at all times full and accurate books of account and
         records adequate to correctly reflect all such amounts. Such books and
         records shall be available for at least five (5) years after the end of
         the relevant calendar month. Holder shall have the right to inspect,
         copy and audit such books of account and records at Holder's expense,
         during reasonable business hours, and upon reasonable notice to Maker,
         for the purpose of verifying the accuracy of any principal payments
         made. The costs of any such audit will be paid by Holder, except that
         Maker shall pay all reasonable costs and expenses of any such audit
         which discloses that any amount properly payable by Maker to Holder
         hereunder exceeded by five percent (5%) or more the amount actually
         paid and initially reported by Maker as being payable with respect
         thereto.

                  (d) Notices. Give prompt written notice to Holder of (a) any
         claims, proceedings or disputes (whether or not purportedly on behalf
         of Maker) against, or to Maker's knowledge, threatened or affecting
         Maker or the Project which, if adversely determined, could reasonably
         be expected to have a Material Adverse Effect (without in any way
         limiting the foregoing, claims, proceedings, or disputes involving in
         the aggregate monetary amounts in excess of $15,000 not fully covered
         by insurance shall be deemed to be material, exclusive of deductibles
         in an amount not to exceed $1,000), or (b) any proposal by any public
         authority to acquire the Project or any portion thereof.

                  (e) Expenses. Pay all reasonable out-of-pocket expenses
         (including fees and disbursements of counsel, including special local
         counsel) of Holder, incident to any amendments, waivers and renewals
         relating to the Debt Papers and the protection of the rights of Holder
         under the Debt Papers whether by judicial proceedings or otherwise,
         including, without limitation, in connection with bankruptcy,
         insolvency, liquidation, reorganization, moratorium or other similar
         proceedings involving Maker or a "workout" of the Loan. The obligations
         of Maker under this Section 6(e) shall survive repayment of the Loan.

                  (f) Debt Papers. Comply with and observe all terms and
         conditions of the Debt Papers.

                  (g) INDEMNIFICATION. INDEMNIFY AND HOLD HARMLESS HOLDER AND
         ITS DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS AND AGENTS (THE
         "INDEMNIFIED PARTIES") FROM AND AGAINST ALL DAMAGES AND LIABILITIES
         (COLLECTIVELY AND SEVERALLY, "LOSSES") ASSESSED AGAINST ANY OF THEM
         RESULTING FROM THE CLAIMS OF ANY PARTY RELATING TO OR ARISING OUT OF
         THE DEBT PAPERS OR THE TRANSACTIONS CONTEMPLATED THEREBY, EXCEPT FOR
         LOSSES CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH
         INDEMNIFIED PARTY, AND REIMBURSE EACH INDEMNIFIED PARTY FOR ANY
         EXPENSES (INCLUDING THE FEES AND DISBURSEMENTS

                                       17
<PAGE>

         OF LEGAL COUNSEL) REASONABLY INCURRED IN CONNECTION WITH THE
         INVESTIGATION OF, PREPARATION FOR OR DEFENSE OF ANY ACTUAL OR
         THREATENED CLAIM, ACTION OR PROCEEDING ARISING THEREFROM (INCLUDING ANY
         SUCH COSTS OF RESPONDING TO DISCOVERY REQUEST OR SUBPOENAS), REGARDLESS
         OF WHETHER HOLDER OR SUCH OTHER INDEMNIFIED PERSON IS A PARTY THERETO.
         WITHOUT DEROGATING THE PROVISIONS OF SECTION 20 BELOW, IT IS
         ACKNOWLEDGED AND AGREED BY MAKER THAT THE INDEMNIFICATION RIGHTS OF THE
         INDEMNIFIED PARTIES HEREUNDER ARE IN ADDITION TO AND CUMULATIVE WITH
         ALL OTHER RIGHTS OF THE INDEMNIFIED PARTIES. WITH REFERENCE TO THE
         PROVISIONS SET FORTH ABOVE IN THIS SECTION 6(g) FOR PAYMENT BY MAKER OF
         ATTORNEYS' FEES INCURRED BY THE INDEMNIFIED PARTIES IN ANY ACTION OR
         CLAIM BROUGHT BY A THIRD PARTY, MAKER SHALL, IF IT ADMITS LIABILITY
         HEREUNDER TO ANY INDEMNIFIED PARTY, DILIGENTLY DEFEND SUCH INDEMNIFIED
         PARTY AND DILIGENTLY CONDUCT THE DEFENSE. IF HOLDER OR ANY OTHER SUCH
         INDEMNIFIED PARTY DESIRES TO ENGAGE SEPARATE COUNSEL, IT MAY DO SO AT
         ITS OWN EXPENSE; PROVIDED, HOWEVER, THAT SUCH LIMITATION ON THE
         OBLIGATION OF MAKER TO PAY THE FEES OF SEPARATE COUNSEL FOR SUCH
         INDEMNIFIED PARTY SHALL NOT APPLY IF SUCH INDEMNIFIED PARTY HAS
         RETAINED SAID SEPARATE COUNSEL BECAUSE OF A REASONABLE BELIEF THAT
         MAKER IS NOT DILIGENTLY DEFENDING IT AND/OR NOT DILIGENTLY CONDUCTING
         THE DEFENSE AND SO NOTIFIES MAKER. THE OBLIGATIONS OF MAKER UNDER THIS
         SECTION 6(g) SHALL SURVIVE REPAYMENT IN FULL OF THE INDEBTEDNESS
         EVIDENCED HEREBY. EXCEPT AS OTHERWISE PROVIDED, IT IS THE INTENT OF
         THIS SECTION 6(g) THAT THE MAKER SHALL INDEMNIFY AND HOLD HARMLESS THE
         INDEMNIFIED PARTIES FROM LOSSES OCCASIONED BY THE ACTS OR OMISSIONS,
         INCLUDING, WITHOUT LIMITATION, NEGLIGENCE, OF THE INDEMNIFIED PARTIES.

                       MAKER'S INITIALS [ILLEGIBLE]

                  (g) Co-operation. Execute and deliver to Holder any and all
         instruments, documents and agreements, and do or cause to be done from
         time to time any and all other acts, reasonably deemed necessary or
         desirable by Holder to effectuate the provisions and purposes of the
         Debt Papers.

                  (h) Requirements of Law. Comply at all times with all
         Requirements of Law.

                                       18
<PAGE>

                  (i) Management Agreement. Cause or permit the Project to be
         initially managed by a subsidiary of U-Haul International, Inc. and to
         be at all times managed by a nationally recognized self-storage
         property management company (the "Project Manager") approved by the
         Holder, which Project Manager shall be employed pursuant to an
         agreement (the "Property Management Agreement") approved by the Holder.
         In no event shall the fees paid (or required to be paid) to the Project
         Manager exceed six percent (6%) of Gross Receipts for any time period.
         The Maker agrees, upon request of the Holder, to exercise its right to
         terminate any Project Manager upon the occurrence and continuance of
         (i) an Event of Default, (ii) a Sale of U-Haul International, Inc. or
         such Project Manager, (iii) a breach by such Project Manager of its
         respective Property Management Agreement, or (iv) the Net Cash Flow
         prior to subtracting Interest shall fall twenty percent (20%) or more
         for one complete Loan Year.

         7. Negative Covenants. Maker hereby agrees that, as long as any
indebtedness under the Note remains unpaid, Maker shall not, directly or
indirectly:

                  (a) Indebtedness. Create, incur or assume any Indebtedness
         except for: (i) the Loan; (ii) Maker's contingent obligations under the
         Senior Loans; (iii) for non-delinquent taxes; and (iv) unsecured debt
         incurred in the ordinary course of business.

                  (b) Consolidation and Merger. Liquidate or dissolve or enter
         into any consolidation, merger, partnership, joint venture, syndicate
         or other combination (except for a merger or consolidation for the
         purpose of, and having the effect of changing Maker's jurisdiction of
         organization).

                  (c) Transactions with Affiliates. Purchase, acquire or lease
         any property from, or sell, transfer or lease any property to, or lend
         or advance any money to, or borrow any money from, or guarantee any
         obligation of, or acquire any stock, obligations or securities of, or
         enter into any merger or consolidation agreement, or any management or
         similar agreement with, any Affiliate, or enter into any other
         transaction or arrangement or make any payment to (including, without
         limitation, on account of any management fees, service fees, office
         charges, consulting fees, technical services charges or tax sharing
         charges) or otherwise deal with, in the ordinary course of business or
         otherwise, any Affiliate on terms which are unreasonably burdensome or
         unfair, except (i) transactions relating to the sharing of overhead
         expenses, including, without limitation, managerial, payroll and
         accounting and legal expenses, for which charges assessed against Maker
         are not greater than would be incurred by Maker in similar transactions
         with non-Affiliates, or (ii) fair and reasonable transactions between
         Maker and U-Haul International, Inc. and its related companies.

                  (d) Sale of Interests in the Project or in the Maker. Without
         obtaining the prior written consent of Holder (which Holder may
         withhold or condition in its sole and absolute discretion), cause,
         permit or acquiesce in any Sale or Financing.

                                       19
<PAGE>

                  (e) Distributions. Notwithstanding anything to the contrary
         contained in this Note or the Debt Papers, Maker shall not make any
         distributions to any of its partners, except for distributions of
         amounts not in excess of (i) the Catch-Up Amount for any quarter, (ii)
         any Net Cash Flow for any quarter remaining after the payment to Holder
         of all Interest and the Catch-Up Amount payable for and with respect to
         such quarter, and (iii) upon the Sale or Financing any Net Sale or
         Financing proceeds remaining after payment to Holder of the amounts to
         which Holder is entitled hereunder in connection therewith.

                  (f) Business. Engage, directly or indirectly, in any business
         other than that arising out of the issuance of this Note, entering into
         the Debt Papers, taking the actions required to be performed under the
         Debt Papers and operating the Mortgaged Properties.

                  (g) No Bankruptcy Filing. To the extent permitted by law,
         without the unanimous consent of the Board of Directors of the Maker
         (for these purposes such Board of Directors will not include any
         committee thereof) voluntarily file any petition for bankruptcy,
         reorganization, assignment for the benefit of creditors or similar
         proceeding.

                  (h) No Joint Venture. Engage in a joint venture or become a
         partner with any other Person.

         8. Event of Default; Remedies. Any one of the following occurrences
shall constitute an Event of Default under this Note:

                  (a) The failure by the undersigned to make any payment of
         principal, Interest or Yield Maintenance Premium upon this Note as and
         when the same becomes due and payable in accordance with the provisions
         hereof, and the continuation of such failure for a period of ten (10)
         days after notice thereof to the Maker;

                  (b) The failure by the Maker to deposit in any account
         established and maintained pursuant to the Collection Account Agreement
         any amount required to be deposited in such account within 2 days of
         when required pursuant to the terms of the Collection Account
         Agreement;

                  (c) Any representation, warranty or certification made by
         Maker under any Debt Paper or in any report, certificate or financial
         statement delivered to the Holder under or in connection with any Debt
         Paper is materially inaccurate or incomplete as of the date made;
         provided, however, that such inaccurate or incomplete representation,
         warranty or certification is material and cannot be cured without
         material prejudice to the Holder within 30 days written notice thereof
         to the Maker;

                  (d) The failure by Maker to perform any obligation under, or
         the occurrence of any other default with respect to any provision of,
         this Note other than as

                                       20
<PAGE>

         described in any of the other clauses of this Section 8, and the
         continuation of such default for a period of 30 days after written
         notice thereof to the Maker;

                  (e) The occurrence of any Default under the Mortgage, under
         the Security Agreement and Assignment (Management Agreement), or under
         any of the other Debt Papers;

                  (f) (i) Maker shall file, institute or commence any case,
         proceeding or other action (A) under any existing or future law of any
         jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
         reorganization or relief of debtors, seeking to have an order for
         relief entered with respect to it, or seeking to adjudicate it a
         bankrupt or insolvent, or seeking reorganization, arrangement,
         adjustment, winding- up, liquidation, dissolution, composition or other
         relief [ILLEGIBLE] it or its debts, or (B) seeking appointment of a
         receiver, trustee, custodian or other similar official for it or for
         all or any substantial part of its assets, or Maker shall make a
         general assignment for the benefit of its creditors; or (ii) there
         shall be filed, instituted or commenced against Maker any case,
         proceeding or other action of a nature referred to in clause (i) above
         which (A) results in the entry of any order for relief or any such
         adjudication or appointment, or (B) remains undismissed undischarged
         for a period of 60 days; or (iii) there shall be commenced against
         Maker any case, proceeding or other action seeking issuance of a
         warrant of attachment, execution, distraint or similar process against
         all or substantially all of its assets which results in the entry of an
         order for any such relief which shall not have been vacated,
         discharged, stayed, satisfied, or bonded to Holder's satisfaction
         pending appeal, within 60 days from the first entry thereof; or (iv)
         Maker shall take any action in furtherance of, or indicating its
         consent to, approval of, or acquiescence in, any of the acts described
         in any of the preceding clauses (i), (ii) or (iii); or (v) Maker shall
         not, or shall be unable to, or shall admit in writing its inability to,
         pay its debts as they become due, or shall in writing admit that it is
         insolvent;

                  (g) One or more judgments or decrees in an aggregate amount
         exceeding $1,000,000.00 shall be entered against Maker and all such
         judgments or decrees shall not have been vacated, discharged, stayed,
         satisfied, or bonded to Holder's satisfaction pending appeal within 60
         days from the first entry thereof; or

                  (h) The occurrence of a Event of Default under the Promissory
         Notes evidencing the Senior Loans.

Upon the occurrence of any Event of Default hereunder: the entire unpaid
principal balance of, and any unpaid Basic Interest and Additional Interest then
accrued on, this Note together with the Yield Maintenance Premium, if any, and
other charges payable pursuant to the Debt Papers shall, at the option of the
Holder hereof and without demand or notice of any kind to the undersigned or any
other person, immediately become and be due and payable in full (except that
such acceleration shall occur automatically upon the occurrence of any Event of
Default described in the preceding clause (e) of this Section 8, without further
action or decision by Holder); and the Holder shall have and may exercise any
and all rights

                                       21
<PAGE>

and remedies available at law or in equity and also any and all rights and
remedies provided in the Mortgage and any of the other Security Documents.

         9. Offset. In addition to (and not in limitation of) any rights of
offset that the Holder hereof may have under applicable law, upon the occurrence
of any Event of Default hereunder the Holder hereof shall have the right,
immediately and without notice, to appropriate and apply to the payment of this
Note any and all balances, credits, deposits, accounts or moneys of the Maker
then or thereafter with or held by the Holder hereof.

         10. Allocation of Balances or of Payments. At any and all times until
this Note and all amounts hereunder (including principal, Interest, and other
charges and amounts, if any) are paid in full, all payments (whether of
principal, Interest or other amounts) made by the undersigned or any other
person (including any guarantor) to the Holder hereof may be allocated by the
Holder to principal, Interest or other charges or amounts as the Holder may
determine in its sole, exclusive and unreviewable discretion (and without notice
to or the consent of any person).

         11. Captions. Any headings or captions in this Note are inserted for
convenience of reference only, and they shall not be deemed to constitute a part
hereof, nor shall they be used to construe or interpret the provisions of this
Note.

         12. Waiver.

                  (a) Maker, for itself and for its successors, transferees and
         assigns and all guarantors and endorsers, hereby waives diligence,
         presentment and demand for payment, protest, notice of protest and
         nonpayment, dishonor and notice of dishonor, notice of the intention to
         accelerate, notice of acceleration, and all other demands or notices of
         any and every kind whatsoever (except only for any notice of default
         expressly provided for in Section 8 of this Note or in the Security
         Documents) and the undersigned agrees that this Note and any or all
         payments coming due hereunder may be extended from time to time in the
         sole discretion of the Holder hereof without in any way affecting or
         diminishing their liability hereunder.

                  (b) No extension of the time for the payment of this Note or
         any payment becoming due or payable hereunder, which may be made by
         agreement with any Person now or hereafter liable for the payment of
         this Note, shall operate to release, discharge, modify, change or
         affect the original liability under this Note, either in whole or in
         part, of the Maker if it is not a party to such agreement.

                  (c) No delay in the exercise of any right or remedy hereunder
         shall be deemed a waiver of such right or remedy, nor shall the
         exercise of any right or remedy be deemed an election of remedies or a
         waiver of any other right or remedy. Without limiting the generality of
         the foregoing, the failure of the Holder hereof promptly after the
         occurrence of any Event of Default hereunder to exercise its right to
         declare the indebtedness remaining unmatured hereunder to be
         immediately due and payable shall not constitute a waiver of such right
         while such Event of Default

                                       22
<PAGE>

         continues nor a waiver of such right in connection with any future
         Event of Default on the part of the undersigned.

         13. Payment of Costs. The undersigned hereby expressly agrees that upon
the occurrence of any Event of Default under this Note, the undersigned will pay
to the Holder hereof, on demand, all costs of collection or enforcement of every
kind, including (but not limited to) all attorneys' fees, court costs, and other
costs and expenses of every kind incurred by the Holder hereof, on demand, all
costs of collection or enforcement of every kind, including (but not limited to)
all attorneys' fees, court costs, and other costs and expenses of every kind
incurred by the Holder hereof in connection with the protection or realization
of any or all of the security for this Note, whether or not any lawsuit is ever
filed with respect thereto.

         14. The Debt Papers. This Note is unsecured. The Senior Loans are
secured by, inter alia, certain Deeds of Trust (and Mortgages, and Deeds to
Secure Debt), Assignment of Leases and Rents, Security Agreement and Financing
Statement, made and granted by subsidiaries of Maker to or for the benefit of
the Senior Holders, respectively, which create liens on real estate in the
Project and which also creates a security interest in personal property located
thereat or utilized in connection therewith, and each and every additional
document or instrument which may at any time be delivered to the Senior Holders
as security under the Senior Loans, as any of the same may at any time or from
time to time be amended, modified or restated, and together with all
substitutions and replacements therefor, are sometimes referred to collectively
herein as the "Security Documents"). Reference should be made to the Mortgage
and the other Security Documents for a description of the property encumbered
thereby and the nature and extent of the security thereof. This Note, the
Security Documents and all other documents executed in connection with the Note
and the Security Documents are sometimes referred to collectively herein as the
"Debt Papers". This Note, the Mortgage, and the other Debt Papers (if any) are
hereby incorporated by reference into this Note in their entirety, as though the
complete text of each of them were set out in full here in the body of this
Note. Notwithstanding anything to the contrary set forth herein, this Note is
not indebtedness of, and is not secured, whether directly or indirectly, by any
collateral or property owned or operated by the Borrowers, or any of them.

         15. Notices. All notices, demands and other communications hereunder to
either party shall be made in writing and shall be deemed to have been given
when actually received or, if mailed, on the first to occur of actual receipt or
the third business day after the deposit thereof in the United States mails, by
registered or certified mail, postage prepaid, addressed as follows:

         If to the Maker:  SAC Holding Corporation
                           715 South Country Club Drive
                           Mesa, AZ 85210

         If to the Holder: Oxford Life Insurance Company
                           2721 North Central Avenue
                           Phoenix, Arizona 85004
                           Attention: Treasurer

                                       23
<PAGE>

or to either party at such other address as such party may designate as its
address for the receipt of notices hereunder in a written notice duly given to
the other party.

         16. Time of the Essence. Time is hereby declared to be of the essence
of this Note and of every part hereof.

         17. Governing Law. This Note shall be governed by and construed in
accordance with the internal laws of the State of Arizona.

         18. Jurisdiction. In any controversy, dispute or question arising
hereunder or under the other Debt Papers, the Maker consents to the exercise of
jurisdiction over its person and property by any court of competent jurisdiction
situated in the State of Arizona (whether it be a court of the State of Arizona,
or a court of the United States of America situated in the State of Arizona),
and in connection therewith, agrees to submit to, and be bound by, the
jurisdiction of such court upon the Holder's mailing of process by registered or
certified mail, return receipt requested, postage prepaid, within or without the
State of Arizona, to the Maker at its address for receipt of notices under this
Note.

         19. HOLDER NOT PARTNER OF MAKER. UNDER NO CIRCUMSTANCES WHATSOEVER
SHALL THE HOLDER OF THIS NOTE BE DEEMED TO BE A PARTNER OR A CO-VENTURER WITH
MAKER OR WITH ANY OTHER PERSON. MAKER SHALL NOT REPRESENT TO ANY PERSON THAT THE
MAKER AND THE HOLDER HEREOF ARE PARTNERS OR CO-VENTURERS. ANY AND ALL ACTIONS
BY THE HOLDER HEREOF IN EXERCISING ANY RIGHTS, REMEDIES OR PRIVILEGES HEREOF OR
IN ENFORCING THIS NOTE OR THE OTHER DEBT PAPERS WILL BE EXERCISED BY THE HOLDER
SOLELY IN FURTHERANCE OF ITS ROLE AS A SECURED LENDER.

         20. Limitation of Personal Liability. Except for fraud or knowing
misrepresentations, neither Maker nor any partner in Maker shall be liable
personally to pay this Note or the indebtedness evidenced hereby, and the Holder
shall not seek any personal or deficiency judgment on this Note except for fraud
or knowing misrepresentations, and the sole remedy of the Holder hereunder or
under any of the other Debt Papers shall (except for fraud, misappropriation of
funds or knowing misrepresentations) be under the Security Documents for
enforcement thereof or shall otherwise be against the Collateral (defined for
purposes hereof as defined in the Mortgage) and any other property at any time
securing any or all of the Liabilities (defined for purposes hereof as defined
in the Mortgage); provided, however, that the foregoing shall not in any way
diminish or affect (i) any rights the Holder may have (as a secured party or
otherwise) to, against or with respect to the Collateral or any other property
at any time securing any of the liabilities, (ii) any rights of the Holder
against the Maker with respect to any fraud, misappropriation of funds or
knowing misrepresentation, or (iii) any rights of the Holder under or with
respect to any guaranty at any time furnished to the Holder relating to or
concerning any of the Liabilities.

                                       24
<PAGE>

         21. JURY TRIAL. THE MAKER HEREBY EXPRESSLY WAIVES ANY RIGHT TO A TRIAL
BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS
NOTE OR ANY DEBT PAPERS TO WHICH IT IS A PARTY, OR UNDER ANY AMENDMENT,
INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE
DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY RELATIONSHIP
EXISTING IN CONNECTION WITH THIS NOTE OR ANY DEBT PAPERS, AND AGREES THAT ANY
SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

         22. Entire Agreement. This Note and the other Security Documents
constitute the entire agreement between Maker and Payee. No representations,
warranties, undertakings, or promises whether written or oral, expressed or
implied have been made by the Payee or its agent unless expressly stated in this
Note or the Security Documents.

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

                                       25
<PAGE>

         IN WITNESS WHEREOF, the undersigned has executed and delivered this
Note, pursuant to proper authority duly granted, as of the date and year first
above written.

                     SAC HOLDING CORPORATION
                     a Nevada corporation

                     By: /s/ [ILLEGIBLE]
                     -----------------------------
                     Its: SECRETARY

                                       26<PAGE>
                                                                     EXHIBIT 4-G

                                                                  EXECUTION COPY

                       DAIMLERCHRYSLER MASTER OWNER TRUST

                                    as Issuer

                                       and

                              THE BANK OF NEW YORK

                              as Indenture Trustee

                       SERIES 2003-A INDENTURE SUPPLEMENT

                            dated as of March 1, 2003

                                       to

                                    INDENTURE

                            dated as of June 1, 2002

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                             Page
                                                                                                             ----
<S>               <C>                                                                                        <C>
                                               ARTICLE I
                                     DEFINITIONS AND OTHER PROVISIONS
                                         OF GENERAL APPLICATION

Section 1.01.     Definitions.............................................................................     1
Section 1.02.     Governing Law...........................................................................     9
Section 1.03.     Counterparts............................................................................     9
Section 1.04.     Ratification of Indenture...............................................................     9

                                             ARTICLE II
                                     THE SERIES 2003-A NOTES

Section 2.01.     Creation and Designation................................................................     9
Section 2.02.     Form of Delivery; Depository; Denominations.............................................    10
Section 2.03.     Delivery and Payment....................................................................    10
Section 2.04.     ERISA Restrictions......................................................................    10

                                           ARTICLE III
                                  ALLOCATIONS, DEPOSITS AND PAYMENTS

Section 3.01.     Allocations of Series 2003-A Available Interest Amount..................................    10
Section 3.02.     Amounts to be Treated as Series 2003-A Available Interest Amount; Other
                  Deposits to the Interest Funding Account................................................    11
Section 3.03.     Allocations of Reductions from Investor Charge-Offs to the Overcollateralization
                  Amount and the Nominal Liquidation Amount of the Series 2003-A Notes....................    12
Section 3.04.     Allocations of Reimbursements of Nominal Liquidation Amount Deficit and
                  Overcollateralization Amount Deficit....................................................    12
Section 3.05.     Application of Series 2003-A Available Principal Amount.................................    13
Section 3.06.     Computation of Reductions to the Nominal Liquidation Amount of the
                  Series 2003-A Notes and the Overcollateralization Amount from Reallocations of
                  Series 2003-A Available Principal Amounts ..............................................    13
Section 3.07.     Targeted Deposits of Series 2003-A Available Principal Amounts to the
                  Principal Funding Account ..............................................................    14
Section 3.08.     Amounts to be Treated as Series 2003-A Available Principal Amounts; Other
                  Deposits to Principal Funding Account...................................................    14
Section 3.09.     Withdrawals from Interest Funding Account...............................................    15
Section 3.10.     Withdrawals from Principal Funding Account..............................................    15
Section 3.11.     Limit on Repayment of the Series 2003-A Notes...........................................    15
Section 3.12.     Calculation of Nominal Liquidation Amount of Series 2003-A Notes and
                  Overcollateralization Amount ...........................................................    15
Section 3.13.     Netting of Deposits and Payments........................................................    17
Section 3.14.     Payments to Noteholders.................................................................    17
</TABLE>

                                       i

<PAGE>
<TABLE>
<S>               <C>                                                                                         <C>
Section 3.15.     Exercise of Put Feature; Sale of Receivables for Accelerated Notes......................    18
Section 3.16.     Calculation Agent; Determination of LIBOR...............................................    19
Section 3.17.     Excess Available Interest Amounts Sharing...............................................    20
Section 3.18.     Excess Available Principal Amounts Sharing..............................................    20
Section 3.19.     Computation of Interest.................................................................    21
Section 3.20.     Variable Accumulation Period............................................................    21
Section 3.21.     Payments to the Issuer..................................................................    22
Section 3.22.     Payment Instructions and Monthly Noteholders' Report....................................    22

                                           ARTICLE IV
                                    EARLY REDEMPTION OF NOTES

Section 4.01.     Early Redemption Events.................................................................    22

                                           ARTICLE V
                                    ACCOUNTS AND INVESTMENTS

Section 5.01.     Accounts................................................................................    24
</TABLE>

EXHIBITS

EXHIBIT A         FORM OF SERIES 2003-A NOTE

EXHIBIT B         FORM OF SERIES 2003-A SCHEDULE TO PAYMENT INSTRUCTIONS

EXHIBIT C         FORM OF SERIES 2003-A SCHEDULE TO MONTHLY NOTEHOLDERS'
                  STATEMENT

                                       ii

<PAGE>

                  This SERIES 2003-A INDENTURE SUPPLEMENT (this "Indenture
Supplement"), by and between DAIMLERCHRYSLER MASTER OWNER TRUST, a statutory
trust created under the laws of the State of Delaware (the "Issuer"), having its
principal office at c/o Chase Manhattan Bank USA, National Association, 500
Stanton Christiana Road, Newark, Delaware 19713, and THE BANK OF NEW YORK, a New
York banking corporation (the "Indenture Trustee"), is made and entered into as
of March 1, 2003.

                  Pursuant to this Indenture Supplement, the Issuer shall create
a new series of Notes and shall specify the principal terms thereof.

                                   ARTICLE I

                        DEFINITIONS AND OTHER PROVISIONS
                             OF GENERAL APPLICATION

                  SECTION 1.01. Definitions. For all purposes of this Indenture
Supplement, except as otherwise expressly provided or unless the context
otherwise requires:

                  (1)      the terms defined in this Article I have the meanings
         assigned to them in this Article I, and include the plural as well as
         the singular;

                  (2)      all other terms used herein which are defined in the
         Indenture, either directly or by reference therein, have the meanings
         assigned to them in the Indenture and, if not defined in the Indenture,
         have the meanings assigned to them in the Pooling and Servicing
         Agreement or the Series 2002-CC Supplement, as applicable;

                  (3)      all accounting terms not otherwise defined herein
         have the meanings assigned to them in accordance with generally
         accepted accounting principles and, except as otherwise herein
         expressly provided, the term "generally accepted accounting principles"
         with respect to any computation required or permitted hereunder means
         such accounting principles as are generally accepted in the United
         States of America at the date of such computation;

                  (4)      all references in this Indenture Supplement to
         designated "Articles," "Sections" and other subdivisions are to the
         designated Articles, Sections and other subdivisions of this Indenture
         Supplement as originally executed. The words "herein," "hereof" and
         "hereunder" and other words of similar import refer to this Indenture
         Supplement as a whole and not to any particular Article, Section or
         other subdivision;

                  (5)      in the event that any term or provision contained
         herein shall conflict with or be inconsistent with any term or
         provision contained in the Indenture, the terms and provisions of this
         Indenture Supplement shall be controlling;

                  (6)      except as expressly provided herein, each capitalized
         term defined herein shall relate only to the Series 2003-A Notes and no
         other Series of Notes issued by the Issuer; and

<PAGE>

                  (7)      "including" and words of similar import will be
         deemed to be followed by "without limitation."

                  "Accumulation Period" means, with respect to the Series 2003-A
Notes, the period from and including the Accumulation Period Commencement Date
to but excluding the earlier of (i) the Series 2003-A Termination Date and (ii)
the day on which an Early Redemption Period commences.

                  "Accumulation Period Commencement Date" means September 1,
2005 or, if the Issuer, acting directly or through the Administrator, makes an
election pursuant to Section 3.20, the later date selected by the Issuer
pursuant to Section 3.20.

                  "Accumulation Period Length" means the number of full
Collection Periods between the Accumulation Period Commencement Date and the
Series 2003-A Expected Principal Payment Date.

                  "Adjusted Outstanding Dollar Amount" means, with respect to
the Series 2003-A Notes, the Outstanding Dollar Principal Amount of the Series
2003-A less (i) any funds (other than investment earnings) in the Principal
Funding Account and (ii) any amount (exclusive of investment earnings) in the
Excess Funding Account that is allocable to Series 2003-A.

                  "Aggregate Series Available Interest Amount Shortfall" means
the sum of the "Series Available Interest Amount Shortfalls" for all series of
Notes (as such term is defined in each of the related Indenture Supplements).

                  "Aggregate Series Available Principal Shortfall" means the sum
of the "Series Available Principal Amount Shortfalls" for all series of Notes
(as such term is defined in the related Indenture Supplements).

                  "applicable investment category" means "Aaa" or "P-1" in the
case of Moody's and "AAA" or "A-1+" in the case of Standard & Poor's.

                  "Calculation Agent" is defined in Section 3.16.

                  "Controlled Accumulation Amount" means $300,000,000; provided,
however, that if the Accumulation Period Length with respect to the Series
2003-A Notes is determined to be less than five months pursuant to Section 3.20,
the Controlled Accumulation Amount for any Payment Date will be equal to (i) the
Initial Dollar Principal Amount of the Series 2003-A Notes divided by (ii) the
Accumulation Period Length.

                  "Controlled Deposit Amount" means, with respect to any Payment
Date, the excess of (i) the Controlled Accumulation Amount over (ii) any funds
in the Excess Funding Account that are allocable to Series 2003-A and will be
deposited into the Principal Funding Account on such Payment Date.

                  "DaimlerChrysler" means DaimlerChrysler Corporation, a
Delaware corporation, and its successors.

                                       2
<PAGE>

                  "DCS" means DaimlerChrysler Services North America LLC, a
Michigan limited liability company, and its successors and permitted assigns.

                  "Early Redemption Event" means, with respect to the Series
2003-A Notes, the occurrence of any of the events specified in Section 1201 of
the Indenture and Section 4.01 of this Indenture Supplement.

                  "Early Redemption Period" means, with respect to the Series
2003-A Notes, the period from and including the date on which an Early
Redemption Event occurs to but excluding the earlier of (i) the Series 2003-A
Termination Date and (ii) if such Early Redemption Period has commenced before
the scheduled termination of the Revolving Period, the day on which the
Revolving Period recommences pursuant to Section 4.01.

                  "ERISA" means the Employee Retirement Income Security Act of
1974, as amended.

                  "Event of Default" is defined in Section 701 of the Indenture.

                  "Incremental Overcollateralization Amount" means, at the time
of determination, the product obtained by multiplying

                  (i)      a fraction, the numerator of which is the Series
         2003-A Nominal Liquidation Amount (calculated without including the
         Incremental Overcollateralization Amount), and the denominator of which
         is the Pool Balance on the last day of the preceding Collection Period

         by       (ii)     the excess, if any, of

                           (a)      the sum of the Overconcentration Amount and
                                    the aggregate amount of Ineligible
                                    Receivables on that date

                  over     (b)      the aggregate amount of Ineligible
                                    Receivables and Receivables in Accounts
                                    containing Dealer Overconcentrations, in
                                    each case that became Defaulted Receivables
                                    during the preceding Collection Period and
                                    are not subject to reassignment from the
                                    CARCO Trust, unless any insolvency event
                                    relating to DCWR or the Servicer as
                                    described in Section 9.01(b), (c), (d) or
                                    (e) of the Pooling and Servicing Agreement
                                    has occurred.

                  "Indenture" means the Indenture, dated as of June 1, 2002,
between the Issuer and The Bank of New York, as Indenture Trustee, as amended,
restated and supplemented from time to time.

                  "Initial Dollar Principal Amount" means, with respect to the
Series 2003-A Notes, $1,500,000,000.

                                       3
<PAGE>

                  "Initial Primary Overcollateralization Amount" means
$148,351,648, which is the product of (i) the Overcollateralization Percentage
and (ii) the initial Nominal Liquidation Amount of the Series 2003-A Notes.

                  "Interest Funding Account" means the trust account designated
as such and established pursuant to Section 5.01(a).

                  "Interest Payment Date" means the 15th day of each calendar
month, or if such 15th day is not a Business Day, the next succeeding Business
Day. The initial Interest Payment Date is April 15, 2003.

                  "Interest Period" means, with respect to any Interest Payment
Date, the period from and including the previous Interest Payment Date (or in
the case of the initial Interest Payment Date, from and including the Issuance
Date) to but excluding such current Interest Payment Date.

                  "Investor Charge-Off" means, with respect to any Payment Date,
the aggregate amount, if any, by which the Series 2003-A Investor Default
Amount, if any, for the preceding Monthly Period exceeds the Series 2003-A
Available Interest Amount for such Payment Date available after giving effect to
clauses (a), (b) and (c) of Section 3.01.

                  "Investor Default Amount" is defined in the Series 2002-CC
Supplement.

                  "Issuance Date" means March 3, 2003.

                  "Legal Maturity Date" means the Payment Date in February 2008.

                  "LIBOR" means, with respect to any Interest Period, the London
interbank offered rate determined in accordance with Section 3.16.

                  "LIBOR Determination Date" means, with respect to any Interest
Period, the second London Business Day prior to the commencement of such
Interest Period.

                  "London Business Day" means a day that is both a Business Day
and a day on which banking institutions in the City of London, England are not
required or authorized by law to be closed.

                  "Monthly Period" is defined in the Indenture; provided,
however, that, with respect to this Indenture Supplement, the first Monthly
Period is the period beginning on the close of business on the Series 2003-A
Cut-Off Date and ending on and including March 31, 2003. The Monthly Period is
the same as the Collection Period.

                  "Nominal Liquidation Amount of the Series 2003-A Notes" means,
with respect to the Series 2003-A Notes, the amount calculated pursuant to
Section 3.12(a).

                  "Nominal Liquidation Amount Deficit" means, with respect to
the Series 2003-A Notes, the excess of (i) the Adjusted Outstanding Dollar
Principal Amount of the Series 2003-A Notes over (ii) the Nominal Liquidation
Amount of the Series 2003-A Notes.

                                       4
<PAGE>

                  "Note Rating Agency" means, with respect to the Series 2003-A
Notes, each of Moody's, Standard & Poor's and Fitch.

                  "Overcollateralization Amount" means, with respect to the
Series 2003-A Notes, the amount calculated pursuant to Section 3.12(b). The
initial Overcollateralization Amount is $148,351,648.

                  "Overcollateralization Amount Deficit" means, with respect to
the Series 2003-A Notes, the excess of (i) the aggregate of the reallocations
and reductions made pursuant to Sections 3.12(b)(ii)(C) and (D) over (ii) the
aggregate amount of all reimbursements made pursuant to Section 3.12(b)(ii)(B).

                  "Overcollateralization Percentage" means 9.89%; provided that
the Overcollateralization Percentage shall be 11.11% so long as the rating of
the long - term unsecured debt of DaimlerChrysler AG is less than "BBB-" by
Standard & Poor's.

                  "Paying Agent" means, initially, the Indenture Trustee.

                  "Payment Date" means, with respect to the Series 2003-A Notes,
the Principal Payment Date or any Interest Payment Date.

                  "PFA Earnings" means, with respect to each Payment Date, the
investment earnings on funds in the Principal Funding Account (net of investment
expenses and losses) for the period from and including the immediately preceding
Payment Date to but excluding such Payment Date.

                  "PFA Earnings Shortfall" means, with respect to any Payment
Date, the excess, if any, of (i) the PFA Earnings Target for such Payment Date
over (ii) the PFA Earnings for such Payment Date.

                  "PFA Earnings Target" means, with respect to any Payment Date,
with respect to any amount on deposit in the Principal Funding Account, the
Dollar amount of interest that would have accrued on such amount for the period
from and including the preceding Payment Date to but excluding such Payment Date
if such amount had borne interest at the related Series 2003-A Note Interest
Rate.

                  "Plan" means an employee benefit plan, as defined in Section
3(3) of ERISA, that is subject to ERISA or a plan, as defined in Section
4975(e)(1) of the Code.

                  "Pooling and Servicing Agreement" means the Amended and
Restated Pooling and Servicing Agreement, dated as of December 5, 2001, among
DCWR, as Seller, DCS, as Servicer, and The Bank of New York, as CARCO Trust
Trustee, as amended, restated and supplemented from time to time.

                  "Primary Overcollateralization Amount" means, at the time of
determination, the product of (i) the Overcollateralization Percentage and (ii)
the Nominal Liquidation Amount of the Series 2003-A Notes at such time; provided
that if an Early Redemption Period has commenced and the Revolving Period has
not recommenced, then the amount referred to in

                                       5
<PAGE>

clause (ii) shall be the Nominal Liquidation Amount of the Series 2003-A Notes
at the commencement of the Early Redemption Period.

                  "Principal Funding Account" means the trust account designated
as such and established pursuant to Section 5.01(a).

                  "Principal Payment Date" means, with respect to the Series
2003-A Notes, the Series 2003-A Expected Principal Payment Date or, upon the
acceleration of the Series 2003-A Notes following an Event of Default or the
occurrence of an Early Redemption Event, each Interest Payment Date occurring
after such acceleration or Early Redemption Event.

                  "Put Feature" means, with respect to the Series 2003-A Notes,
the right of the Holders to put the Series 2003-A Notes to the Issuer upon
satisfaction of the conditions set forth in Section 3.15(a) and receive the
amounts specified in Section 3.15(a).

                  "Receivables Sales Proceeds" means, with respect to the Series
2003-A Notes, the proceeds of the sale of Receivables with respect to such
series of Notes pursuant to Section 3.15. Receivables Sales Proceeds do not
constitute Available Principal Amounts.

                  "Receivables Sales Proceeds Deposit Amount" means, with
respect to the Series 2003-A Notes in respect of which the Issuer has received
Receivables Sales Proceeds, the amount of Receivables Sales Proceeds on deposit
in the Principal Funding Account.

                  "Record Date" means, with respect to any Payment Date, (i) if
the Series 2003-A Notes are Global Notes, the day immediately preceding such
Payment Date and (ii) if the Series 2003-A Notes are definitive Notes, the last
day of the calendar month ending before such Payment Date.

                  "Reference Banks" means four major banks engaged in
transactions in the London interbank market selected by the Calculation Agent
for the purpose of determining LIBOR.

                  "Required Primary Overcollateralization Amount" means, with
respect to any Payment Date, the product of (i) the Overcollateralization
Percentage and (ii) the Nominal Liquidation Amount of the Series 2003-A Notes
calculated after giving effect to allocations, deposits and payments to be made
on such Payment Date but without giving effect to the reductions in Sections
3.12(a)(ii)(C) and (D) and the reimbursements in Section 3.12(a)(ii)(B).

                  "Revolving Period" means, with respect to the Series 2003-A
Notes, the period from the close of business on the Series 2003-A Cut-Off Date
to but excluding the earlier of (i) the Accumulation Period Commencement Date
and (ii) the day on which an Early Redemption Period commences. The Revolving
Period, however, may recommence upon the termination of an Early Redemption
Period pursuant to Section 4.01.

                  "Series 2003-A Account" is defined in Section 5.01(a).

                                       6
<PAGE>

                  "Series 2003-A Available Amount" means, with respect to any
Payment Date, the sum of the Series 2003-A Available Interest Amount and the
Series 2003-A Available Principal Amount for such Payment Date.

                  "Series 2003-A Available Interest Amount" means, with respect
to any Payment Date, the sum of (a) the Available Interest Amount allocated to
Series 2003-A pursuant to Section 501 of the Indenture and (b) any amounts to be
treated as part of the Series 2003-A Available Interest Amount pursuant to
Section 3.02(a).

                  "Series 2003-A Available Interest Amount Shortfall" means,
with respect to any Payment Date, the excess, if any, of (i) the aggregate
amount required to be applied pursuant to Sections 3.01(a) through (e) for such
Payment Date over (ii) the Series 2003-A Available Interest Amount (excluding
amounts to be treated as part of the Series 2003-A Available Interest Amount
pursuant to Section 3.17(a) for such Payment Date); provided, however, that the
Issuer, when authorized by an Officer's Certificate, may amend or otherwise
modify this definition of Series 2003-A Available Interest Amount Shortfall if
the Note Rating Agencies confirm in writing that the amendment or modification
will not cause a Ratings Effect.

                  "Series 2003-A Available Principal Amount" means, with respect
to any Payment Date, the sum of (a) the Available Principal Amount allocated to
Series 2003-A pursuant to Section 502 of the Indenture and (b) any amounts to be
treated as part of the Series 2003-A Available Principal Amount pursuant to
Section 3.01(d) or 3.01(e).

                  "Series 2003-A Available Principal Amount Shortfall" means,
with respect to any Payment Date, the excess, if any, of (i) the aggregate
amount required to be applied pursuant to Section 3.07 over (ii) the Series
2003-A Available Principal Amount (excluding amounts to be treated as part of
the Series 2003-A Available Principal Amount pursuant to Section 3.18(a) for
such Payment Date); provided, however, that the Issuer, when authorized by an
Officer's Certificate, may amend or otherwise modify this definition of Series
2003-A Available Principal Amount Shortfall if the Note Rating Agencies confirm
in writing that the amendment or modification will not cause a Ratings Effect.

                  "Series 2003-A Cut-Off Date" means February 28, 2003.

                  "Series 2003-A Expected Principal Payment Date" means the
Payment Date in February 2006.

                  "Series 2003-A Floating Allocation Percentage" means, with
respect to any Payment Date, the percentage equivalent, which shall never exceed
100%, of a fraction, the numerator of which is the Series 2003-A Nominal
Liquidation Amount as of the last day of the immediately preceding Collection
Period and the denominator of which is the sum of the series nominal liquidation
amounts for all series of Notes (including Series 2003-A) on that day.

                  "Series 2003-A Investor Default Amount" means, with respect to
any Payment Date, the product of the Investor Default Amount with respect to
such Payment Date and the Series 2003-A Floating Allocation Percentage for such
Payment Date.

                  "Series 2003-A Monthly Interest" is defined in Section
3.01(b).

                                       7
<PAGE>

                  "Series 2003-A Nominal Liquidation Amount" means, at the time
of determination, the amount equal to the sum of (i) the Nominal Liquidation
Amount of the Series 2003-A Notes at such time and (ii) the
Overcollateralization Amount at such time. The initial Series 2003-A Nominal
Liquidation Amount is $1,648,351,648.

                  "Series 2003-A Note Interest Rate" means, with respect to an
Interest Period, a rate per annum equal to LIBOR, as determined by the
Calculation Agent on the related LIBOR Determination Date with respect to such
Interest Period, plus 0.05%.

                  "Series 2003-A Noteholder" means a Person in whose name a
Series 2003-A Note is registered in the Note Register.

                  "Series 2003-A Note" means any of the Notes executed by the
Issuer and authenticated by or on behalf of the Indenture Trustee, substantially
in the form of Exhibit A hereto.

                  "Series 2003-A Principal Allocation Percentage" means, with
respect to any Payment Date, the percentage equivalent, which shall never exceed
100%, of a fraction the numerator of which is the Series 2003-A Nominal
Liquidation Amount as of the last day of the immediately preceding Collection
Period or, if the Accumulation Period or Early Redemption Period has commenced,
as of the last day of the Collection Period immediately preceding the
commencement of the Early Redemption Period or Accumulation Period, and the
denominator of which is the sum of the series nominal liquidation amounts for
each series of Notes (including Series 2003-A) as of the last day of the
immediately preceding Collection Period, provided, however, that for any series
of Notes that is amortizing or accumulating principal, the series nominal
liquidation amount of that series will be the series nominal liquidation amount
as of the last day of the Collection Period prior to the commencement of such
amortization or accumulation.

                  "Series 2003-A Servicing Fee" means, with respect to any
Payment Date, the pro rata portion of the Certificateholders Monthly Servicing
Fee allocable to the Series 2003-A Notes based on the Series 2003-A Floating
Allocation Percentage for such Payment Date.

                  "Series 2003-A Termination Date" means the earliest to occur
of (i) the Principal Payment Date on which the Outstanding Dollar Principal
Amount of the Series 2003-A Notes is reduced to zero, (ii) the Legal Maturity
Date and (iii) the date on which the Indenture is discharged and satisfied
pursuant to Article VI thereof.

                  "Series 2002-CC Supplement" means the Series 2002-CC
Supplement to the Pooling and Servicing Agreement, dated as of June 1, 2002,
among DCWR, as Seller, DCS, as Servicer, and The Bank of New York, as CARCO
Trust Trustee, as amended, restated and supplemented from time to time.

                  "Shared Excess Available Interest Amount" means, with respect
to any Payment Date with respect to any series of Notes, either (i) the Series
2003-A Available Interest Amount for such Payment Date available after
application in accordance with Sections 3.01(a) through (e) or (ii) the amounts
allocated to the Notes of other series that the applicable Indenture

                                       8
<PAGE>

Supplements for such series specify are to be treated as "Shared Excess
Available Interest Amount."

                  "Shared Excess Available Principal Amount" means, with respect
to any Payment Date and any series of Notes, either (i) the Series 2003-A
Available Principal Amount for such Payment Date applied as Shared Excess
Available Principal Amount in accordance with Section 3.05 or (ii) the amounts
allocated to the Notes of other series that the Indenture Supplements for such
series specify are to be treated as "Shared Excess Available Principal Amount."

                  "Stated Principal Amount" means, with respect to the Series
2003-A Notes, $1,500,000,000.

                  "Telerate Page 3750" means the display page so designated as
reported by Bloomberg Financial Markets Commodities News (or such other page as
may replace that page on that service, or any other service that may be
nominated as the information vendor, for the purpose of displaying London
interbank offered rates of major banks for Dollar deposits).

                  SECTION 1.02. Governing Law. THIS INDENTURE SUPPLEMENT WILL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.

                  SECTION 1.03. Counterparts. This Indenture Supplement may be
executed in any number of counterparts, each of which so executed will be deemed
to be an original, but all such counterparts will together constitute but one
and the same instrument.

                  SECTION 1.04. Ratification of Indenture. As supplemented by
this Indenture Supplement, the Indenture is in all respects ratified and
confirmed and the Indenture as so supplemented by this Indenture Supplement
shall be read, taken and construed as one and the same instrument.

                                   ARTICLE II

                             THE SERIES 2003-A NOTES

                  SECTION 2.01. Creation and Designation.

                  (a)      There is hereby created a series of Notes to be
issued pursuant to the Indenture and this Indenture Supplement to be known as
"DaimlerChrysler Master Owner Trust Floating Rate Auto Dealer Loan Asset Backed
Notes, Series 2003-A" or the "Series 2003-A Notes." The Series 2003-A Notes will
be issued in one class.

                                       9
<PAGE>

                  (b)      The Series 2003-A Notes shall not be subordinated to
any other series of Notes.

                  SECTION 2.02. Form of Delivery; Depository; Denominations.

                  (a)      The Series 2003-A Notes, upon original issuance,
shall be delivered in the form of Global Notes and Registered Notes as provided
in Sections 202 and 301(g) of the Indenture, respectively.

                  (b)      The Depository for the Series 2003-A Notes shall be
The Depository Trust Company, and the Series 2003-A Notes shall initially be
registered in the name of Cede & Co., its nominee.

                  (c)      The Series 2003-A Notes will be issued in minimum
denominations of $1,000 and integral multiples of that amount.

                  SECTION 2.03. Delivery and Payment. The Issuer shall execute
and deliver the Series 2003-A Notes to the Indenture Trustee for authentication,
and the Indenture Trustee shall deliver the Series 2003-A Notes when
authenticated, each in accordance with Section 303 of the Indenture. All
proceeds from the issuance and sale of the Series 2003-A Notes shall be paid to
DCWR and treated as a distribution pursuant to the Trust Agreement on the
uncertificated beneficial interest in the Issuer held by DCWR, as Beneficiary.

                  SECTION 2.04. ERISA Restrictions. By accepting an interest in
a Series 2003-A Note, each owner or holder of such interest shall acknowledge
and agree that the Series 2003-A Notes may not be purchased with the assets of a
Plan if DCWR, an underwriter for the Series 2003-A Notes, the Indenture Trustee,
the Owner Trustee or any of their Affiliates (i) has investment or
administrative discretion with respect to the assets of such Plan, (ii) has
authority or responsibility to give, or regularly gives, investment advice with
respect to those Plan assets for a fee and pursuant to an understanding or
agreement that such advice will serve as a primary basis for investment
decisions with respect to those Plan assets and will be based on the particular
investment needs for such Plan or (iii) is an employer maintaining or
contributing to such Plan.

                                  ARTICLE III

                       ALLOCATIONS, DEPOSITS AND PAYMENTS

                  SECTION 3.01. Allocations of Series 2003-A Available Interest
Amount. On each Payment Date, the Indenture Trustee will apply the Series 2003-A
Available Interest Amount as follows:

                  (a)      first, if neither DCS nor any of its Affiliates is
the Servicer, to pay the Series 2003-A Servicing Fee, plus any previously due
and unpaid Series 2003-A Servicing Fee (to the extent it has not been waived by
the Servicer for such Payment Date) to the Servicer;

                                       10
<PAGE>

                  (b)      second, to deposit to the Interest Funding Account an
amount equal to (i) the product of (A) a fraction, the numerator of which is the
actual number of days in the related Interest Period and the denominator of
which is 360, times (B) the Series 2003-A Note Interest Rate applicable to the
related Interest Period, times (C) the Outstanding Dollar Principal Amount of
the Series 2003-A Notes determined as of the Record Date preceding the related
Payment Date (the "Series 2003-A Monthly Interest"), plus (ii) an amount equal
to the excess, if any, of the aggregate amount accrued pursuant to this Section
3.01(b) as of prior Interest Periods over the aggregate amount of interest paid
to the Series 2003-A Noteholders pursuant to this Section 3.01(b) in respect of
such prior Interest Periods, together with interest at the Series 2003-A Note
Interest Rate on such delinquent amount, to the extent permitted by applicable
law;

                  (c)      third, if DCS or any of its Affiliates is the
Servicer, to pay the Series 2003-A Servicing Fee plus any previously due and
unpaid Series 2003-A Servicing Fee (to the extent it has not been waived by the
Servicer for such Payment Date) to the Servicer;

                  (d)      fourth, to be treated as part of the Series 2003-A
Available Principal Amount for application in accordance with Section 3.05 in an
amount equal to the Series 2003-A Investor Default Amount, if any, for the
preceding Monthly Period;

                  (e)      fifth, to be treated as part of the Series 2003-A
Available Principal Amount for application in accordance with Section 3.05 in an
amount equal to the sum of (x) the Nominal Liquidation Amount Deficit, if any,
and (y) the Overcollateralization Amount Deficit, if any;

                  (f)      sixth, to be treated as Shared Excess Available
Interest Amount for application in accordance with Section 3.17; and

                  (g)      seventh, to the Issuer.

                  SECTION 3.02. Amounts to be Treated as Series 2003-A Available
Interest Amount; Other Deposits to the Interest Funding Account. The following
deposits and payments will be made on the following dates:

                  (a)      Amounts to be Treated as Series 2003-A Available
Interest Amount. In addition to the Available Interest Amount allocated to
Series 2003-A pursuant to Section 501 of the Indenture, the following amounts
shall be treated as part of the Series 2003-A Available Interest Amount for
application in accordance with this Article III:

                  (i)      PFA Earnings Shortfall. The PFA Earnings Shortfall,
         to the extent funded pursuant to Section 4.01(c) of the Series 2002-CC
         Supplement, will be treated as part of the Series 2003-A Available
         Interest Amounts for the related Payment Date.

                  (ii)     Account Earnings. Any PFA Earnings for any Payment
         Date will be treated as part of the Series 2003-A Available Interest
         Amount for such Payment Date.

                  (iii)    Shared Excess Available Interest Amounts. Any Shared
         Excess Available Interest Amounts allocable to Series 2003-A will be
         treated as part of the Series 2003-A Available Interest Amounts
         pursuant to Section 3.17(a).

                                       11
<PAGE>

                  (b)      Receivables Sales Proceeds. Receivables Sales
Proceeds received by the Issuer pursuant to Section 3.15(c)(ii) for the Series
2003-A Notes will be deposited into the Interest Funding Account on the date of
receipt by the Issuer.

                  SECTION 3.03. Allocations of Reductions from Investor
Charge-Offs to the Overcollateralization Amount and the Nominal Liquidation
Amount of the Series 2003-A Notes. On each Payment Date when there is an
Investor Charge-Off with respect to the related Monthly Period, such Investor
Charge-Off will be allocated on that date to the Overcollateralization Amount
and the Nominal Liquidation Amount of the Series 2003-A Notes as set forth in
this Section 3.03.

                  (a)      First, the amount of such Investor Charge-Off will be
allocated to the Overcollateralization Amount in an amount equal to lesser of
(i) such Investor Charge-Off and (ii) the Overcollateralization Amount (computed
prior to giving effect to such Investor Charge-Off and any reallocation of
Series 2003-A Available Principal Amount on such date). In such case, the
Overcollateralization Amount will be reduced by an amount equal to the portion
of such Investor Charge-Off that is allocated to the Overcollateralization
Amount pursuant to this clause (a); provided, however, that no such allocation
will reduce the Overcollateralization Amount below zero.

                  (b)      Second, the amount of such Investor Charge-Off
remaining after giving effect to clause (a) above will be allocated to the
Series 2003-A Notes in an amount equal to the lesser of (i) the excess, if any,
of the Investor Charge-Off for such Monthly Period over the amount of the
reduction of the Overcollateralization Amount pursuant to clause (a) above and
(ii) the Nominal Liquidation Amount of the Series 2003-A Notes (computed prior
to giving effect to such Investor Charge-Off and any reallocations of Series
2003-A Available Principal Amounts on such date). In such case, the Nominal
Liquidation Amount of the Series 2003-A Notes will be reduced by an amount equal
to the portion of such Investor Charge-Off that is allocated to the Series
2003-A Notes pursuant to this clause (b); provided, however, that no such
allocation will reduce the Nominal Liquidation Amount of the Series 2003-A Notes
below zero.

                  SECTION 3.04. Allocations of Reimbursements of Nominal
Liquidation Amount Deficit and Overcollateralization Amount Deficit. If, as of
any Payment Date, there is any Series 2003-A Available Interest Amount available
pursuant to Section 3.01(e) to reimburse any Nominal Liquidation Amount Deficit
or Overcollateralization Amount Deficit as of such Payment Date, such funds will
be allocated as follows:

                  (a)      first, to the Nominal Liquidation Amount of the
Series 2003-A Notes, but in no event will the Nominal Liquidation Amount of the
Series 2003-A Notes be increased above the Adjusted Outstanding Dollar Principal
Amount of the Series 2003-A Notes; and

                  (b)      second, to the Overcollateralization Amount, but in
no event will the Overcollateralization Amount be increased above the
Overcollateralization Amount calculated as if there had been no reduction of the
Overcollateralization Amount pursuant to Section 3.03 or 3.06.

                                       12
<PAGE>

                  SECTION 3.05. Application of Series 2003-A Available Principal
Amount. On each Payment Date, the Indenture Trustee will apply the Series 2003-A
Available Principal Amount as follows:

                  (a)      first, if, after giving effect to deposits to be made
with respect to such Payment Date pursuant to Section 3.01(b), the Series 2003-A
Notes have not received the full amount targeted to be deposited pursuant to
Section 3.01(b) with respect to that Payment Date, then the Series 2003-A
Available Principal Amount will be allocated to the Interest Funding Account in
an amount equal to the lesser of the following amounts:

                           (i)      the amount of the deficiency in such
         targeted amount to be deposited into the Interest Funding Account; and

                           (ii)     the Series 2003-A Nominal Liquidation Amount
         (determined after giving effect to the application of the Investor
         Charge-Off pursuant to Section 3.03);

                  (b)      second, if Series 2003-A is in its Accumulation
Period or an Early Redemption Period, (i) any remaining Series 2003-A Available
Principal Amount (after giving effect to clause (a)) will be applied to make the
targeted deposit to the Principal Funding Account pursuant to Section 3.07 and
(ii) any remaining Series 2003-A Available Principal Amount (after giving effect
to clause (i)) will be treated as Shared Excess Available Principal Amount;

                  (c)      third, if Series 2003-A is not in its Accumulation
Period or an Early Redemption Period, any remaining Series 2003-A Available
Principal Amount (after giving effect to clauses (a) and (b) above) will be
treated as Shared Excess Available Principal Amount; and

                  (d)      fourth, if the Outstanding Dollar Principal Amount of
the Series 2003-A has been reduced to zero on or before such Payment Date, the
remaining Series 2003-A Available Principal Amount (after giving effect to
clauses (a), (b) and (c)) shall be paid to the Issuer.

                  SECTION 3.06. Computation of Reductions to the Nominal
Liquidation Amount of the Series 2003-A Notes and the Overcollateralization
Amount from Reallocations of Series 2003-A Available Principal Amounts.

                  (a)      Each reallocation of a portion of the Series 2003-A
Available Principal Amount that is deposited to the Interest Funding Account
pursuant to Section 3.05(a) will reduce the Overcollateralization Amount;
provided, however, that such reduction shall not exceed the
Overcollateralization Amount (after giving effect to any reductions pursuant to
Section 3.03 for Investor Charge-Offs).

                  (b)      Each reallocation of a portion of the Series 2003-A
Available Principal Amount that is deposited to the Interest Funding Account
pursuant to Section 3.05(a) in excess of the amounts applied pursuant to clause
(a) above that reduce the Overcollateralization Amount to zero will reduce the
Nominal Liquidation Amount of the Series 2003-A Notes; provided, however, that
the amount of such reduction shall not exceed the Nominal Liquidation Amount of

                                       13
<PAGE>

the Series 2003-A Notes (after giving effect to any reductions pursuant to
Section 3.03 for Investor Charge-Offs).

                  SECTION 3.07. Targeted Deposits of Series 2003-A Available
Principal Amounts to the Principal Funding Account. The Series 2003-A Available
Principal Amount that is targeted to be deposited into the Principal Funding
Account with respect to any Payment Date will be (i) the amount determined
pursuant to clause (a) or (b) below for such Payment Date, as applicable, or if
more than one such clause is applicable, the highest amount determined pursuant
to any one of such clauses, and (ii) any targeted deposit pursuant to clause (i)
for any prior Payment Date to the extent not previously deposited, but in no
case more than the Nominal Liquidation Amount of the Series 2003-A Notes
(computed immediately before giving effect to such deposit but after giving
effect to any reductions thereof due to any Investor Charge-Offs and any
reallocations of the Series 2003-A Available Principal Amount on such date).

                  (a)      Budgeted Deposits. Subject to Section 3.07(b), with
respect to each Principal Payment Date, beginning with the Accumulation
Commencement Date, the targeted deposit to be made into the Principal Funding
Account will be the Controlled Deposit Amount for the related Payment Date.

                  (b)      Event of Default, Early Redemption Event, Other
Optional or Mandatory Redemption. If the Series 2003-A Notes have been
accelerated during a Monthly Period after the occurrence of an Event of Default,
or if an Early Redemption Event with respect to the Series 2003-A Notes occurs
during a Monthly Period, or with respect to the Monthly Period immediately
preceding any other date fixed for any other optional or mandatory redemption of
the Series 2003-A Notes, the targeted deposit for the Series 2003-A Notes with
respect to the Payment Date following such Monthly Period and each following
Payment Date is equal to the Nominal Liquidation Amount of the Series 2003-A
Notes as of the close of business on the last day of the preceding Monthly
Period (taking into effect any reallocations on the following Payment Date).

                  SECTION 3.08. Amounts to be Treated as Series 2003-A Available
Principal Amounts; Other Deposits to Principal Funding Account. The following
deposits and payments will be made on the following dates:

                  (a)      Amounts to be Treated as Series 2003-A Available
Principal Amount. In addition to the Available Principal Amount allocated to the
Series 2003-A pursuant to Section 502 of the Indenture, any portion of the
Series 2003-A Available Interest Amount that is allocated pursuant to Section
3.01(d) or 3.01(e) shall be treated as part of the Series 2003-A Available
Principal Amount for application in accordance with Section 3.05.

                  (b)      Receivables Sale Proceeds. Receivables Sales Proceeds
applied pursuant to Section 3.15(c)(i) for the Series 2003-A Notes will be
deposited into the Principal Funding Account on the date of receipt by the
Indenture Trustee.

                  (c)      Withdrawals from Excess Funding Account. Any
withdrawal from the Excess Funding Account pursuant to Section 4.05(a) of the
Series 2002-CC Supplement that is

                                       14
<PAGE>

allocable to Series 2003-A will be deposited into the Principal Funding Account
on the date of receipt by the Indenture Trustee.

                  SECTION 3.09. Withdrawals from Interest Funding Account.
Withdrawals made pursuant to this Section 3.09 with respect to the Series 2003-A
Notes will be made from the Interest Funding Account only after all allocations
and reallocations have been made pursuant to Sections 3.02 and 3.05. Such
withdrawals will be limited to the amount then on deposit in the Interest
Funding Account.

                  (a)      Withdrawals for Series 2003-A Notes. On each Interest
Payment Date, any amount on deposit in the Interest Funding Account for the
Series 2003-A Notes shall be paid to the Paying Agent.

                  (b)      Payment to the Issuer. After payment in full of the
Series 2003-A Notes, any amount remaining on deposit in the Interest Funding
Account will be paid to the Issuer.

                  If the aggregate amount available for withdrawal from the
Interest Funding Account is less than all withdrawals required to be made from
the Interest Funding Account, then the aggregate amount on deposit will be
withdrawn and, if payable to more than one Person, applied pro rata based on the
respective amounts of the withdrawals required to be made.

                  SECTION 3.10. Withdrawals from Principal Funding Account.
Withdrawals made pursuant to this Section 3.10 with respect to the Series 2003-A
Notes will be made from the Principal Funding Account only after all allocations
and reallocations have been made pursuant to Sections 3.05, 3.07 and 3.08. In no
event will the amount of the withdrawal be more than the amount then on deposit
in the Principal Funding Account.

                  (a)      Withdrawals for the Series 2003-A Notes. On each
Principal Payment Date, any amount on deposit in the Principal Funding Account
shall be paid to the Paying Agent.

                  (b)      Payment to the Issuer. Upon payment in full of the
Series 2003-A Notes, any remaining amount on deposit in the Principal Funding
Account will be paid to the Issuer.

                  If the aggregate amount available for withdrawal from the
Principal Funding Account is less than all withdrawals required to be made from
that Principal Funding Account, then the amounts on deposit will be withdrawn
and, if payable to more than one Person, applied pro rata based on the amounts
of the respective withdrawals required to be made.

                  SECTION 3.11. Limit on Repayment of the Series 2003-A Notes.
No amounts on deposit in the Principal Funding Account will be applied to pay
principal of the Series 2003-A Notes in excess of the Outstanding Dollar
Principal Amount of the Series 2003-A Notes.

                  SECTION 3.12. Calculation of Nominal Liquidation Amount of
Series 2003-A Notes and Overcollateralization Amount.

                  (a)      On or prior to each Payment Date the Issuer shall
calculate the Nominal Liquidation Amount of the Series 2003-A Notes, which shall
be the following amount:

                                       15
<PAGE>

                  (i)      as of the Issuance Date, the Initial Dollar Principal
         Amount of the Series 2003-A Notes; and

                  (ii)     thereafter, an amount equal to, without duplication:

                           (A)      the Nominal Liquidation Amount of the Series
                  2003-A Notes immediately after the prior date of
                  determination; plus

                           (B)      the share of all reimbursements of the
                  Nominal Liquidation Amount Deficit pursuant to Section 3.01(e)
                  that is allocated to the Nominal Liquidation Amount of the
                  Series 2003-A Notes pursuant to Section 3.04(a) since the
                  prior date of determination; minus

                           (C)      the share of all reallocations of the Series
                  2003-A Available Principal Amount pursuant to Section 3.05(a)
                  that is allocated to the Nominal Liquidation Amount of the
                  Series 2003-A Notes pursuant to Section 3.06(b) since the
                  prior date of determination; minus

                           (D)      the amount of the reduction of the Nominal
                  Liquidation Amount of the Series 2003-A Notes resulting from
                  an allocation of an Investor Charge-Off pursuant to Section
                  3.03(b) since the prior date of determination; minus

                           (E)      the amount (other than investment earnings)
                  deposited in the Principal Funding Account (after giving
                  effect to any deposits, allocations, reallocations or
                  withdrawals to be made on that day) since the prior date of
                  determination; minus

                           (F)      the amount (other than investment earnings)
                  deposited into the Excess Funding Account since the prior date
                  of determination in connection with a reduction in Principal
                  Receivables that is allocable to Series 2003-A; plus

                           (G)      the amount (other than investment earnings)
                  withdrawn from the Excess Funding Account since the prior date
                  of determination in connection with the purchase of additional
                  Principal Receivables that is allocable to Series 2003-A;

provided, however, that (1) the Nominal Liquidation Amount of the Series 2003-A
Notes may never be less than zero, (2) the Nominal Liquidation Amount of the
Series 2003-A Notes may never be greater than the Adjusted Outstanding Dollar
Principal Amount of the Series 2003-A Notes and (3) if the Series 2003-A Notes
have caused a sale of Receivables pursuant to Section 3.15, then the Nominal
Liquidation Amount of Series 2003-A Notes the Series 2003-A will be zero.

                  (b)      On or prior to each Payment Date the Issuer shall
calculate the Overcollateralization Amount, which shall be the following amount:

                  (i)      as of the date of issuance of the Series 2003-A
         Notes, the initial Overcollateralization Amount; and

                                       16
<PAGE>

                  (ii)     thereafter, an amount equal to, without duplication:

                           (A)      the Primary Overcollateralization Amount of
                  the Series 2003-A Notes immediately after the prior date of
                  determination; plus

                           (B)      the share of all reimbursements of the
                  Overcollateralization Amount Deficit pursuant to Section
                  3.01(e) that is allocated to the Overcollateralization Amount
                  pursuant to Section 3.04(b) since the prior date of
                  determination; minus

                           (C)      the share of all reallocations of the Series
                  2003-A Available Principal Amount pursuant to Section 3.05(a)
                  that is allocated to the Overcollateralization Amount pursuant
                  to Section 3.06(a) since the prior date of determination;
                  minus

                           (D)      the amount of the reduction of the
                  Overcollateralization Amount resulting from an allocation of
                  Investor Charge-Offs pursuant to Section 3.03(a) since the
                  prior date of determination; plus

                           (E)      the Incremental Overcollateralization
                  Amount;

provided, however, that the Overcollateralization Amount shall never be less
than zero and, after the Outstanding Dollar Principal Amount of the Series
2003-A Notes has been reduced to zero, the Overcollateralization Amount shall be
zero.

                  SECTION 3.13. Netting of Deposits and Payments. The Issuer, in
its sole discretion, may make all deposits to the Interest Funding Account and
the Principal Funding Account pursuant to Sections 3.01 and 3.07 with respect to
any Payment Date net of, and after giving effect to, (a) all reallocations to be
made pursuant to Section 3.07 and (b) all payments to the Issuer pursuant to
Section 3.05.

                  SECTION 3.14. Payments to Noteholders.

                  (a)      All payments of principal, interest or other amounts
to Holders of the Series 2003-A Notes will be made pro rata based on the Stated
Principal Amount of their Series 2003-A Notes.

                  (b)      Any installment of interest or principal, if any,
payable on any Series 2003-A Note which is punctually paid or duly provided for
by the Issuer and the Indenture Trustee on the applicable Interest Payment Date
or Principal Payment Date shall be paid by the Paying Agent to the Person in
whose name such Series 2003-A Note (or one or more Predecessor Notes) is
registered on the Record Date, by wire transfer of immediately available funds
to such Person's account as has been designated by written instructions received
by the Paying Agent from such Person not later than the close of business on the
third Business Day preceding the date of payment or, if no such account has been
so designated, by check mailed first-class, postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that (i)
with respect to Series 2003-A Notes registered on the Record Date in the name of
the nominee of Cede & Co., payment shall be made by wire transfer in immediately
available

                                       17
<PAGE>

funds to the account designated by such nominee and (ii) with regard to any
payments of interest or principal made pursuant to Section 3.09(b) or 3.10(b),
respectively, payment shall be made by wire transfer in immediately available
funds to the account designated by the Issuer.

                  (c)      The right of the Series 2003-A Noteholders to receive
payments from the Issuer will terminate on the first Business Day following the
Series 2003-A Termination Date.

                  SECTION 3.15. Exercise of Put Feature; Sale of Receivables for
Accelerated Notes.

                  (a)      If (i) an Early Amortization Event in Section
9.01(b), (c), (d) or (e) of the Pooling and Servicing Agreement occurs or (ii)
the Series 2003-A Notes have been accelerated pursuant to Section 702 of the
Indenture following an Event of Default, each Holder of a Series 2003-A Note may
notify the Indenture Trustee that it desires to exercise the Put Feature in
respect of its Series 2003-A Notes. The Put Feature shall be deemed to be
exercised only if at least one of the following conditions is met:

                  (i)      the Holders of Series 2003-A Notes evidencing at
         least 90% of the Outstanding Dollar Principal Amount of the Series
         2003-A Notes have notified the Indenture Trustee that they desire to
         exercise the Put Feature in respect of their Series 2003-A Notes; or

                  (ii)     the Majority Holders of the Series 2003-A Notes have
         notified the Indenture Trustee that they desire to exercise the Put
         Feature in respect of their Series 2003-A Notes and the net proceeds of
         the sale of Receivables pursuant to such exercise (as described below)
         plus amounts on deposit in the Principal Funding Account would be
         sufficient to pay all amounts due on the Series 2003-A Notes; or

                  (iii)    (A) the Indenture Trustee determines that the funds
         to be allocated to the Series 2003-A Notes, including (1) Series 2003-A
         Available Interest Amounts and Series 2003-A Available Principal
         Amounts and (2) amounts on deposit in the Principal Funding Account,
         may not be sufficient on an ongoing basis to make payments on the
         Series 2003-A Notes as such payments would have become due if such
         obligations had not been declared due and payable and (B) Holders of
         Series 2003-A Notes evidencing at least 66 2/3% of the Outstanding
         Dollar Principal Amount of the Series 2003-A Notes have notified the
         Indenture Trustee that they desire to exercise the Put Feature in
         respect of their Series 2003-A Notes.

If the Put Feature is deemed to be exercised as provided in the preceding
sentence, it shall be deemed to be exercised by all Holders of the Series 2003-A
Notes, whether or not they actually give notice of their desire to exercise the
Put Feature. Upon such deemed exercise of the Put Feature, the Indenture Trustee
shall cause the CARCO Trust to sell Principal Receivables and the related
Non-Principal Receivables (or interests therein) in an amount up to the Series
2003-A Nominal Liquidation Amount plus any past due interest on the Series
2003-A Notes. The proceeds of such sale shall be applied in accordance with
Section 706 of the Indenture. The Holders of the Series 2003-A Notes shall
maintain their rights in their Series 2003-A Notes until such sale proceeds have
been applied in accordance with Section 706 of the Indenture and shall

                                       18
<PAGE>

present their Series 2003-A Notes to the Issuer in accordance with Section 706
of the Indenture as part of their exercise of the Put Feature.

                  (b)      If the Nominal Liquidation Amount of the Series
2003-A Notes is greater than zero on the Legal Maturity Date (after giving
effect to deposits and distributions otherwise to be made on the Legal Maturity
Date), the Issuer will cause the CARCO Trust to sell Principal Receivables and
the related Non-Principal Receivables on the Legal Maturity Date in an amount up
to the Series 2003-A Nominal Liquidation Amount plus any past due interest on
the Series 2003-A Notes.

                  (c)      Sales proceeds received with respect to the Series
2003-A Notes pursuant to clause (b) above will be allocated in the following
priority:

                  (i)      first, to be deposited in the Principal Funding
         Account, an amount up to the Adjusted Outstanding Dollar Principal
         Amount of the Series 2003-A Notes immediately before giving effect to
         such deposit; and

                  (ii)     second, to be deposited in the Interest Funding
         Account, the balance of such sales proceeds.

                  (d)      Any amount remaining on deposit in the Interest
Funding Account after a sale of Receivables pursuant to this Section 3.15 and
the final payment of the Series 2003-A Notes pursuant to Section 503 of the
Indenture, will be treated as part of the Series 2003-A Available Interest
Amount.

                  SECTION 3.16. Calculation Agent; Determination of LIBOR.

                  (a)      The Issuer hereby agrees that for so long as any
Series 2003-A Notes are Outstanding, there shall at all times be an agent
appointed to calculate LIBOR for each Interest Period (the "Calculation Agent").
The Issuer hereby initially appoints the Indenture Trustee as the Calculation
Agent for purposes of determining LIBOR for each Interest Period. The
Calculation Agent may be removed by the Issuer at any time. If the Calculation
Agent is unable or unwilling to act as such or is removed by the Issuer, or if
the Calculation Agent fails to determine LIBOR for an Interest Period, the
Issuer shall promptly appoint a replacement Calculation Agent that does not
control or is not controlled by or under common control with the Issuer or its
Affiliates. The Calculation Agent may not resign its duties, and the Issuer may
not remove the Calculation Agent, without a successor having been duly appointed
and having accepted such appointment.

                  (b)      On each LIBOR Determination Date, the Calculation
Agent shall determine LIBOR to equal the offered rate for Unites States dollar
deposits for one month that appears on Telerate Page 3750 as of 11:00 A.M.,
London time, on the second LIBOR Business Day prior to the Interest Period. If
that rate appears on Telerate Page 3750, LIBOR will be that rate. If on any
LIBOR Determination Date the offered rate does not appear on Telerate page 3750,
the Calculation Agent will request each of the Reference Banks, to provide the
Calculation Agent with its offered quotation for United States dollar deposits
for one month to prime banks in the London interbank market as of 11:00 A.M.,
London time, on the date. If at least two Reference Banks provide the
Calculation Agent with the offered quotations, LIBOR on that date

                                       19
<PAGE>

will be the arithmetic mean, rounded upwards, if necessary, to the nearest
1/100,000 of 1% (.0000001), with five one-millionths of a percentage point
rounded upward, of all the quotations. If on that date fewer than two Reference
Banks provide the Calculation Agent with the offered quotations, LIBOR on that
date will be the arithmetic mean, rounded upwards, if necessary, to the nearest
1/100,000 of 1% (.0000001), with five one-millionths of a percentage point
rounded upward, of the offered per annum rates that one or more leading banks in
The City of New York selected by the Calculation Agent are quoting as of 11:00
A.M., New York City time, on that date to leading European banks for United
States dollar deposits for one month. If, however, those banks are not quoting
as described above, LIBOR for that date will be LIBOR applicable to the Interest
Period.

                  (c)      The Series 2003-A Note Interest Rate, applicable to
the then current and the immediately preceding Interest Periods, may be obtained
by telephoning the Indenture Trustee at its Corporate Trust Office at (212)
328-7623 or such other telephone number as shall be designated by the Indenture
Trustee for such purpose by prior written notice by the Indenture Trustee to
each Series 2003-A Noteholder from time to time.

                  (d)      On each LIBOR Determination Date, the Calculation
Agent shall send to the Indenture Trustee and the Beneficiary, by facsimile
transmission, notification of LIBOR for the following Interest Period.

                  SECTION 3.17. Excess Available Interest Amounts Sharing.

                  (a)      Shared Excess Available Interest Amounts allocable to
Series 2003-A on any Payment Date shall be treated as part of the Series 2003-A
Available Interest Amount for such Payment Date.

                  (b)      The Shared Excess Available Interest Amount allocable
to Series 2003-A with respect to any Payment Date shall mean an amount equal to
the Series 2003-A Available Interest Amounts Shortfall, if any, for such Payment
Date; provided, however, that if the aggregate amount of Shared Excess Available
Interest Amounts for all series of Notes for such Payment Date is less than the
Aggregate Series Available Interest Amounts Shortfall for such Payment Date,
then the Shared Excess Available Interest Amount allocable to Series 2003-A on
such Payment Date shall equal the product of (i) Shared Excess Available
Interest Amounts for all series of Notes and (ii) a fraction, the numerator of
which is the Series Available Interest Amounts Shortfall with respect to Series
2003-A for such Payment Date and the denominator of which is the aggregate
amount of Aggregate Series Available Interest Amounts Shortfall for all series
of Notes for such Payment Date.

                  (c)      Any Shared Excess Available Interest Amount that is
not required to be applied to make a payment or deposit in respect of a series
of Notes shall be paid to the Issuer.

                  SECTION 3.18. Excess Available Principal Amounts Sharing.

                  (a)      The Shared Excess Available Principal Amount
allocable to Series 2003-A on any Payment Date shall be treated as Series 2003-A
Available Principal Amounts for such Payment Date.

                                       20
<PAGE>

                  (b)      The Shared Excess Available Principal Amount
allocable to Series 2003-A with respect to any Payment Date shall mean an amount
equal to the Series Available Principal Amount Shortfall, if any, with respect
to Series 2003-A for such Payment Date; provided, however, that if the aggregate
amount of Shared Excess Available Principal Amounts for all series of Notes for
such Payment Date is less than the Aggregate Series Available Principal Amounts
Shortfall for such Payment Date, then Shared Excess Available Principal Amounts
allocable to Series 2003-A on such Payment Date shall equal the product of (i)
Shared Excess Available Principal Amounts for all series of Notes and (ii) a
fraction, the numerator of which is the Series Available Principal Amounts
Shortfall with respect to Series 2003-A for such Payment Date and the
denominator of which is the aggregate amount of Aggregate Series Available
Principal Amounts Shortfall for all series of Notes for such Payment Date.

                  (c)      Any Shared Excess Available Principal Amount not
required to be applied to make a payment or deposit in respect of a series of
Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available
Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.

                  SECTION 3.19. Computation of Interest.

                  (a)      Interest on the Series 2003-A Notes shall be computed
on the basis of a 360-day year and the actual number of days elapsed in the
related Interest Period.

                  (b)      Unless otherwise specified in this Indenture
Supplement, interest for any period will be calculated from and including the
first day of such period to and including the last day of such period.

                  SECTION 3.20. Variable Accumulation Period.

                  The Issuer, acting directly or through the Administrator, may
elect, by written notice to the Indenture Trustee and the Beneficiary, to delay,
from time to time, the commencement of the Accumulation Period, and extend the
length of the Revolving Period, subject to the conditions set forth in this
Section 3.20; provided, however, that the Accumulation Period shall commence no
later than the first day of the Monthly Period ending immediately prior to the
Series 2003-A Expected Final Payment Date. Any such election by the Issuer shall
be made not later than the first day of the last scheduled Monthly Period of the
Revolving Period (including any prior extension of the Revolving Period pursuant
to this Section 3.20). The Issuer may make such election only if the following
conditions are satisfied:

                  (i)      the Issuer shall have delivered to the Indenture
         Trustee a certificate to the effect that the Issuer reasonably believes
         that the delay in the commencement of the Accumulation Period would not
         result in the Outstanding Dollar Principal Amount of the Series 2003-A
         Notes not being paid in full on the Series 2003-A Expected Principal
         Payment Date;

                  (ii)     the Note Rating Agencies shall have advised the
         Issuer that such election to delay the commencement of the Accumulation
         Period would not cause the rating of any class of any series of Notes
         then outstanding to be lowered or withdrawn; and

                                       21
<PAGE>

                  (iii)    the amount to be deposited in the Principal Funding
         Account in respect of Controlled Accumulation Amount shall have been
         adjusted.

Notwithstanding anything herein or in the Indenture to the contrary, the
Administrator may, on behalf of the Issuer, (i) perform all such calculations as
are necessary to determine whether the Accumulation Period may be delayed
pursuant to this Section 3.20 and (ii) elect to delay the Accumulation Period
pursuant to this Section 3.20.

                  SECTION 3.21. Payments to the Issuer. As an administrative
convenience for the Issuer, the Indenture Trustee shall pay to the Beneficiary
all amounts payable hereunder to the Issuer. The Issuer shall give the Indenture
Trustee written instructions as to who the Beneficiary is or Beneficiaries are
and where to make such payments.

                  SECTION 3.22. Payment Instructions and Monthly Noteholders'
Report. Notwithstanding anything in the Indenture or herein to the contrary, the
Issuer may amend the form of Payment Instruction for the Series 2003-A Notes and
the Series 2003-A Schedule to Monthly Noteholders' Statement from time to time
without the consent of the Indenture Trustee or any Noteholder if it receives
written confirmation from each Note Rating Agency that such amendment will not
cause a Ratings Effect.

                                   ARTICLE IV

                            EARLY REDEMPTION OF NOTES

                  SECTION 4.01. Early Redemption Events. In addition to the
events identified as Early Redemption Events in Section 1201 of the Indenture,
each of the following events will also be an Early Redemption Event with respect
to the Series 2003-A Notes:

                  (1)      the occurrence of the Early Amortization Event
         specified in Section 901(f) of the Pooling and Servicing Agreement;

                  (2)      the occurrence of the Early Amortization Event
         specified in Section 9.01(g) of the Pooling and Servicing Agreement;

                  (3)      the occurrence of any Early Amortization Event
         specified in Section 9.01(b), (c), (d) or (e) of the Pooling and
         Servicing Agreement;

                  (4)      the occurrence of the Early Amortization Event
         specified in Section 9.01(a) of the Pooling and Servicing Agreement;

                  (5)      on any Payment Date, the Primary

         Overcollateralization Amount for such Payment Date is reduced to an
         amount less than the Required Primary Overcollateralization Amount on
         that Payment Date after giving effect to the distributions to be made
         on such Payment Date; provided that, for the purpose of determining
         whether an Early Redemption Event has occurred pursuant to this clause
         (5), any reduction of the Primary Overcollateralization Amount
         resulting from reallocations of the Series 2003-A Available Principal
         Amounts to pay interest on the Series 2003-A

                                       22
<PAGE>

         Notes in the event LIBOR is equal to or greater than the prime rate
         upon which interest on the Receivables is calculated on the applicable
         LIBOR Determination Date will be considered an Early Redemption Event
         only if LIBOR remains equal to or greater than such prime rate for the
         next 30 consecutive days following such LIBOR Determination Date ;

                  (6)      any Service Default occurs;

                  (7)      on any Determination Date, as of the last day of the
         preceding Collection Period, the aggregate amount of Principal
         Receivables relating to Used Vehicles exceeds 20% of the Pool Balance
         on that last day;

                  (8)      on any Determination Date, the average of the Monthly
         Payment Rates for the three preceding Collection Periods is less than
         20%;

                  (9)      the Outstanding Dollar Principal Amount of the Series
         2003-A Notes is not repaid by the Series 2003-A Expected Principal
         Payment Date;

                  (10)     the Issuer becomes an investment company within the
         meaning of the Investment Company Act of 1940; and

                  (11)     the occurrence of an Event of Default with respect of
         the Series 2003-A Notes.

                  Notwithstanding the foregoing in this Section 4.01, in the
case of any event described in clause (1), (2) or (6) above, an Early Redemption
Event with respect to Series 2003-A will be deemed to have occurred only if,
after the applicable grace period described in such clause, if any, either the
Indenture Trustee or Series 2003-A Noteholders holding Series 2003-A Notes
evidencing more than 50% of the Outstanding Dollar Principal Amount of the
Series 2003-A Notes by written notice to the Seller, the Servicer, the CARCO
Trust Trustee and the Indenture Trustee, if given by Series 2003-A Noteholders,
declare that an Early Redemption Event with respect to the Series 2003-A Notes
has occurred as of the date of that notice. In the case of any Early Redemption
Event described in Section 9.01(h) of the Pooling and Servicing Agreement or any
event described in clause (3), (4), (5), (7), (8), (9), (10) or (11) above, an
Early Redemption Event with respect to the Series 2003-A Notes shall be deemed
to have occurred without any notice or other action on the part of the Indenture
Trustee or the Series 2003-A Noteholders immediately upon the occurrence of such
event.

                  Notwithstanding the foregoing in this Section 4.01, if (x) an
Early Redemption Period results from the failure by DCWR to convey Receivables
in Additional Accounts to the CARCO Trust, as described in clause (4) above
during the Revolving Period, (y) no other Early Redemption Event that has not
been cured or waived in accordance with the Indenture has occurred and (z) each
Note Rating Agency has confirmed that recommencing the Revolving Period will not
cause a Ratings Effect, then the Early Redemption Period resulting from such
failure will terminate and the Revolving Period will recommence as of the end of
the first Collection Period during which the Seller would no longer be required
to convey Receivables in Additional Accounts to the CARCO Trust; provided that
the Revolving Period will not recommence if the scheduled termination date of
the Revolving Period has occurred.

                                       23
<PAGE>

                  Notwithstanding the foregoing in this Section 4.01, if an
Early Redemption Event (other than the Early Redemption Event specified in
clause (3) above and any of the Early Redemption Events specified in Section
1201(c) of the Indenture) has occurred and the scheduled termination of the
Revolving Period has not occurred, the Indenture Trustee shall request from
Standard & Poor's a confirmation that such Early Redemption Event will not cause
a Ratings Effect. If the Indenture Trustee receives such confirmation and the
Majority Holders of Series 2003-A Notes consent to the recommencement of the
Revolving Period, the related Early Redemption Period shall terminate and the
Revolving Period shall recommence.

                                   ARTICLE V

                            ACCOUNTS AND INVESTMENTS

                  SECTION 5.01. Accounts.

                  (a)      Accounts; Deposits to and Distributions from
Accounts. On or before the Issuance Date, the Indenture Trustee will cause to be
established and maintained two Qualified Accounts denominated as follows: the
"Interest Funding Account" and the "Principal Funding Account" (collectively,
the "Series 2003-A Accounts") in the name of the Indenture Trustee, bearing a
designation clearly indicating that the funds deposited therein are held for the
benefit of the Series 2003-A Noteholders. The Series 2003-A Accounts constitute
Supplemental Accounts and shall be under the sole dominion and control of the
Indenture Trustee for the benefit of the Series 2003-A Noteholders. If, at any
time, the institution holding any Series 2003-A Account ceases to be a Qualified
Institution, the Issuer will within ten (10) Business Days (or such longer
period, not to exceed thirty (30) calendar days, as to which each Note Rating
Agency may consent) establish a new applicable Series 2003-A Account, that is a
Qualified Account and shall transfer any cash and/or investments to such new
Series 2003-A Account. From the date such new Series 2003-A Account is
established, it will be a Series 2003-A Account, bearing the name of the Series
2003-A Account it has replaced.

                  (b)      All payments to be made from time to time by the
Indenture Trustee to Series 2003-A Noteholders out of funds in the Series 2003-A
Accounts pursuant to this Indenture Supplement will be made by the Indenture
Trustee to the Paying Agent not later than 12:00 noon on the applicable Interest
Payment Date or Principal Payment Date but only to the extent of funds in the
applicable Account or as otherwise provided in Article III.

                                       24
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this
Indenture Supplement to be duly executed as of the day and year first above
written.

                               DAIMLERCHRYSLER MASTER OWNER TRUST,

                               By: DaimlerChrysler Wholesale Receivables LLC,
                               as Beneficiary and not in its individual capacity

                               By:
                                   ---------------------------------------------
                                   Name: J.S. Bodner
                                   Title: Assistant Controller

                               THE BANK OF NEW YORK,
                                as Indenture Trustee and not in its individual
                                capacity

                               By: _____________________________________________
                                   Name:
                                   Title:

<PAGE>

                                                                       EXHIBIT A

                          [FORM OF] SERIES 2003-A NOTE

                  UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                  THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND
AGREES THAT IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER,
DAIMLERCHRYSLER WHOLESALE RECEIVABLES LLC OR THE CARCO AUTO LOAN MASTER TRUST,
OR JOIN IN ANY INSTITUTION AGAINST THE ISSUER, DAIMLERCHRYSLER WHOLESALE
RECEIVABLES LLC OR THE CARCO AUTO LOAN MASTER TRUST, OF, ANY BANKRUPTCY
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW
IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES OR THE INDENTURE.

                  THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL
INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS OF DAIMLERCHRYSLER
WHOLESALE RECEIVABLES LLC FOR APPLICABLE FEDERAL, STATE AND LOCAL INCOME AND
FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY
INCOME.

                  BY ACCEPTING AN INTEREST IN THIS NOTE, EACH OWNER OR HOLDER OF
SUCH INTEREST SHALL ACKNOWLEDGE AND AGREE THAT THE NOTES MAY NOT BE PURCHASED
WITH THE ASSETS OF EITHER AN EMPLOYEE BENEFIT PLAN, AS DEFINED IN SECTION 3(3)
OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"),
THAT IS SUBJECT TO ERISA OR A PLAN, AS DEFINED IN SECTION 4975(E)(1) OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED, IF DAIMLERCHRYSLER WHOLESALE
RECEIVABLES LLC, AN UNDERWRITER FOR THE NOTES, THE INDENTURE TRUSTEE, THE OWNER
TRUSTEE OR ANY OF THEIR AFFILIATES (I) HAS INVESTMENT OR ADMINISTRATIVE
DISCRETION WITH RESPECT TO THE ASSETS OF SUCH PLAN, (II) HAS AUTHORITY OR
RESPONSIBILITY TO GIVE, OR REGULARLY GIVES, INVESTMENT ADVICE WITH RESPECT TO
THOSE PLAN ASSETS FOR A FEE AND PURSUANT TO AN UNDERSTANDING OR AGREEMENT THAT
SUCH ADVICE WILL SERVE AS A PRIMARY BASIS FOR INVESTMENT DECISIONS WITH RESPECT
TO

                                      A-1
<PAGE>

THOSE PLAN ASSETS AND WILL BE BASED ON THE PARTICULAR INVESTMENT NEEDS FOR SUCH
PLAN OR (III) IS AN EMPLOYER MAINTAINING OR CONTRIBUTING TO SUCH PLAN.

                                      A-2
<PAGE>

REGISTERED                                                            $_________
No. __                                                     CUSIP NO. 23384B AC 7

                       DAIMLERCHRYSLER MASTER OWNER TRUST

        FLOATING RATE AUTO DEALER LOAN ASSET BACKED NOTES, SERIES 2003-A

                  DaimlerChrysler Master Owner Trust, a statutory business trust
created under the laws of the State of Delaware (herein referred to as the
"Issuer"), for value received, hereby promises to pay to CEDE & CO., or
registered assigns, subject to the following provisions, a principal sum of
______________________________ DOLLARS ONLY payable on the February 2006 Payment
Date (the "Expected Principal Payment Date"), except as otherwise provided below
or in the Indenture; provided, however, that the entire unpaid principal amount
of this Note shall be due and payable on the February 2008 Payment Date (the
"Legal Maturity Date"). On each Interest Payment Date, the Issuer will pay
interest on the outstanding principal of this Note at the per annum rate equal
to the applicable LIBOR (determined as provided in the Indenture Supplement
referred to within) plus 0.05%. Interest will accrue on this Note from each
Interest Payment Date (or, in the case of the first Interest Payment Date, from
the date of issuance of this Note) to but excluding the following Interest
Payment Date. Interest will be computed on the basis of a 360-day year and the
actual number of days elapsed. Such principal of and interest on this Note shall
be paid in the manner specified on the reverse hereof.

                  The principal of and interest on this Note are payable in such
coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of this
Note.

                  Reference is made to the further provisions of this Note set
forth on the reverse hereof, which shall have the same effect as though fully
set forth on the face of this Note.

                  Unless the certificate of authentication hereon has been
executed by the Indenture Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to
on the reverse hereof, or be valid or obligatory for any purpose.

                                      A-3
<PAGE>

                  IN WITNESS WHEREOF, the Issuer has caused this instrument to
be signed, manually or in facsimile, by its Authorized Officer.

                         DAIMLERCHRYSLER MASTER OWNER TRUST,
                              as Issuer

                         By: DAIMLERCHRYSLER WHOLESALE
                             RECEIVABLES LLC, not in its individual capacity
                             but solely as Beneficiary under the Trust Agreement

                         By: CHRYSLER FINANCIAL RECEIVABLES
                             CORPORATION, a member

                         By: ___________________________________________________
                             Name:
                             Title:

                         Date: _____________________

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

                  This is one of the Notes designated above and referred to in
the within-mentioned Indenture.

                                     THE BANK OF NEW YORK, not in its individual
                                        capacity but solely as Indenture Trustee

                                     By: _______________________________________
                                         Name:
                                         Title:

                                     Date: _____________________

                                      A-4
<PAGE>

                                [REVERSE OF NOTE]

                  This Note is one of a duly authorized issue of Notes of the
Issuer, designated as its Floating Rate Auto Dealer Loan Asset Backed Notes,
Series 2003-A (the "Notes" or "Series 2003-A Notes"), all issued under an
Indenture, dated as of June 1, 2002 (as amended, restated and supplemented from
time to time, the "Indenture"), as supplemented by a Series 2003-A Indenture
Supplement, dated as of March 1, 2003 (as amended, restated and supplemented
from time to time, the "Indenture Supplement"), each between the Issuer and The
Bank of New York, as indenture trustee (the "Indenture Trustee," which term
includes any successor Indenture Trustee under the Indenture), to which
Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights and obligations thereunder of the Issuer, the
Indenture Trustee and the Holders of the Notes. The Notes are subject to all
terms of the Indenture and the Indenture Supplement. All terms used in this Note
that are defined in the Indenture or the Indenture Supplement, each as
supplemented or amended, shall have the meanings assigned to them in or pursuant
to the Indenture or the Indenture Supplement.

                  The Notes are and will be equally and ratably secured by the
collateral pledged as security therefor as provided in the Indenture.

                  Principal of the Notes will be payable on the Expected
Principal Payment Date in an amount described on the face hereof. Upon the
occurrence of certain events specified in the Indenture or the Indenture
Supplement, payments of principal of the Notes may be made prior to or after the
Expected Principal Payment Date.

                  As described above, the entire unpaid principal amount of this
Note shall be due and payable on the Legal Maturity Date. Notwithstanding the
foregoing, the entire unpaid principal amount of the Notes may be due and
payable following an Event of Default in the manner provided in Section 702 of
the Indenture; provided, however, that such acceleration of the entire unpaid
principal amount of the Notes may be rescinded by the holders of not less than a
majority of the Outstanding Dollar Principal Amount of the Notes. All principal
payments on the Notes shall be made pro rata to the Noteholders entitled
thereto.

                  On any day occurring on or after the date on which the
aggregate Nominal Liquidation Amount of the Series 2003-A Notes is reduced to
less than 10% of the Initial Dollar Principal Amount of the Series 2003-A Notes,
the Servicer has the right, but not the obligation, to cause the Issuer to
redeem the Series 2003-A Notes in whole but not in part, pursuant to Section
1202 of the Indenture equal the Outstanding Dollar Principal Amount of the
Series 2003-A Notes, plus interest accrued and unpaid to but excluding the date
of redemption.

                  Subject to the terms and conditions of the Indenture, the
Beneficiary may, from time to time, direct the Owner Trustee, on behalf of the
Issuer, to issue one or more series or classes of Notes.

                  On each Payment Date, the Paying Agent shall distribute to
each Series 2003-A Noteholder of record on the related Record Date (except for
the final distribution with respect to this Note) such Series 2003-A
Noteholder's pro rata share of the amounts held by the Paying Agent that are
allocated and available on such Payment Date to pay interest and principal on
the

                                      A-5
<PAGE>

Series 2003-A Notes. Final payments of this Note will be made only upon
presentation and surrender of this Note at the office or offices therein
specified.

                  Payments of interest on this Note due and payable on each
Payment Date, together with the installment of principal, if any, to the extent
not in full payment of this Note, shall be made by check mailed to the Person
whose name appears as the Registered Holder of this Note (or one or more
Predecessor Notes) on the Note Register as of the close of business on each
Record Date, except that with respect to Notes registered on the Record Date in
the name of the nominee of the clearing agency (initially, such nominee to be
Cede & Co.), payments will be made by wire transfer in immediately available
funds to the account designated by such nominee. Such checks shall be mailed to
the Person entitled thereto at the address of such Person as it appears on the
Note Register as of the applicable Record Date without requiring that this Note
be submitted for notation of payment. Any reduction in the principal amount of
this Note (or any one or more Predecessor Notes) effected by any payments made
on any Payment Date shall be binding upon all future Holders of this Note and of
any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof, whether or not noted hereon. If funds are expected to be
available, as provided in the Indenture, for payment in full of the then
remaining unpaid principal amount of this Note on a Payment Date, then the
Indenture Trustee, in the name of and on behalf of the Issuer, will notify the
Person who was the Registered Holder hereof as of the Record Date preceding such
Payment Date by notice mailed within five days of such Payment Date and the
amount then due and payable shall be payable only upon presentation and
surrender of this Note at the Indenture Trustee's principal Corporate Trust
Office or at the office of the Indenture Trustee's agent appointed for such
purposes located in the City of New York.

                  As provided in the Indenture and subject to certain
limitations set forth therein, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or his
attorney duly authorized in writing, with such signature guaranteed by a
commercial bank or trust company located, or having a correspondent located, in
the City of New York or the city in which the Corporate Trust Office is located,
or a member firm of a national securities exchange, and such other documents as
the Indenture Trustee may require, and thereupon one or more new Notes of
authorized denominations and in the same aggregate principal amount will be
issued to the designated transferee or transferees. No service charge will be
charged for any registration of transfer or exchange of this Note, but the
transferor may be required to pay a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any such registration
of transfer or exchange.

                  Each Noteholder or Note Owner, by acceptance of a Note or, in
the case of a Note Owner, a beneficial interest in a Note covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the
obligations of the Issuer, the Owner Trustee or the Indenture Trustee on the
Notes or under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Indenture Trustee or the Owner Trustee in
its individual capacity, (ii) any owner of a beneficial interest in the Issuer
or (iii) any partner, owner, beneficiary, agent, officer, director or employee
of the Indenture Trustee or the Owner Trustee

                                      A-6
<PAGE>

in its individual capacity, any holder of a beneficial interest in the Issuer,
the Owner Trustee or the Indenture Trustee or of any successor or assign of the
Indenture Trustee or the Owner Trustee in its individual capacity, except as any
such Person may have expressly agreed and except that any such partner, owner or
beneficiary shall be fully liable, to the extent provided by applicable law, for
any unpaid consideration for stock, unpaid capital contribution or failure to
pay any installment or call owing to such entity.

                  Each Noteholder or Note Owner, by acceptance of a Note or, in
the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that it will not at any time
institute against DaimlerChrysler Wholesale Receivables LLC, the CARCO Trust or
the Issuer, or join in any institution against DaimlerChrysler Wholesale
Receivables LLC, the CARCO Trust or the Issuer of, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States Federal or state bankruptcy or similar law
in connection with any obligations relating to the Notes, the Indenture or any
Derivative Agreement.

                  Prior to the due presentment for registration of transfer of
this Note, the Issuer, the Indenture Trustee and any agent of the Issuer or the
Indenture Trustee may treat the Person in whose name this Note (as of the day of
determination or as of such other date as may be specified in the Indenture) is
registered as the owner hereof for all purposes, whether or not this Note is
overdue, and neither the Issuer, the Indenture Trustee nor any such agent shall
be affected by notice to the contrary.

                  The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and
obligations of the Issuer and the rights of the Holders of the Notes under the
Indenture at any time by the Issuer with the consent of the Holders of Notes
representing not less than a majority of the Outstanding Dollar Principal Amount
of all Notes at the time Outstanding. The Indenture also contains provisions
permitting the Holders of Notes representing specified percentages of the
Outstanding Dollar Principal Amount of the Notes, on behalf of the Holders of
all the Notes, to waive compliance by the Issuer with certain provisions of the
Indenture and certain past defaults under the Indenture and their consequences.
Any such consent or waiver by the Holder of this Note (or any one of more
Predecessor Notes) shall be conclusive and binding upon such Holder and upon all
future Holders of this Note and of any Note issued upon the registration of
transfer hereof or in exchange hereof or in lieu hereof whether or not notation
of such consent or waiver is made upon this Note. The Indenture also permits the
Indenture Trustee to amend or waive certain terms and conditions set forth in
the Indenture without the consent of Holders of the Notes issued thereunder.

                  The term "Issuer" as used in this Note includes any successor
to the Issuer under the Indenture.

                  The Issuer is permitted by the Indenture, under certain
circumstances, to merge or consolidate, subject to the rights of the Indenture
Trustee and the Holders of Notes under the Indenture.

                                      A-7
<PAGE>

                  The Notes are issuable only in registered form in
denominations as provided in the Indenture, subject to certain limitations
therein set forth.

                  THIS NOTE AND THE INDENTURE AND THE INDENTURE SUPPLEMENT WILL
BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION
5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

                  No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of and interest on
this Note at the times, place, and rate, and in the coin or currency herein
prescribed.

                  No recourse may be taken, directly or indirectly, with respect
to the obligations of the Issuer on the Notes or under the Indenture or any
certificate or other writing delivered in connection herewith or therewith,
against (i) the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer or (iii) any partner, owner, beneficiary,
agent, officer, director, employee or agent of the Owner Trustee in its
individual capacity, any holder of a beneficial interest in the Issuer or the
Owner Trustee or of any successor or assign of the Owner Trustee in its
individual capacity, except as any such Person may have expressly agreed (it
being understood that the Owner Trustee has no such obligations in its
individual capacity). The Holder of this Note by the acceptance hereof agrees
that, except as expressly provided in the Indenture and the Indenture Supplement
in the case of an Event of Default under the Indenture, the Holder shall have no
claim against any of the foregoing for any deficiency, loss or claim therefrom;
provided, however, that nothing contained herein shall be taken to prevent
recourse to, and enforcement against, the assets of the Issuer for any and all
liabilities, obligations and undertakings contained in the Indenture or in this
Note.

                                      A-8
<PAGE>

                                   ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee
____________________________

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

(name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints attorney, to transfer said Note on the books kept for registration
thereof, with full power of substitution in the premises.

Dated: ________________________                 _______________________________*
                                                      Signature Guaranteed:

-----------------
* NOTE: The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                      A-9
<PAGE>

                                                                       EXHIBIT B

             [FORM OF] SERIES 2003-A SCHEDULE TO PAYMENT INSTRUCTION

                    DAIMLERCHRYSLER WHOLESALE RECEIVABLES LLC

                       DAIMLERCHRYSLER MASTER OWNER TRUST

         Unless otherwise indicated, capitalized terms used in this schedule to
         the Payment Instruction have their respective meanings set forth in the
         Indenture; provided that the "preceding Monthly Period" shall mean the
         Monthly Period immediately preceding the calendar month in which this
         Payment Instruction is delivered. This Payment Instruction is delivered
         pursuant to Section 908 of the Indenture.

         The date of this schedule to the Payment Instruction is a Transfer
         Date.
<TABLE>
<S>      <C>                                                                                               <C>
1.       Allocations of Available Interest Amounts:

         A.       Available Interest Amounts applicable to Series 2003-A...............................    $_______

2.       Allocations of Available Principal Amounts:

         A.       Available Principal Amounts applicable to Series 2003-A..............................    $_______

3.       Components of Series 2003-A Available Principal Amounts

         A.       Available Principal Amount allocated to Series 2003-A................................    $_______

         B.       Pursuant to Section 3.01(d) of Indenture Supplement..................................    $_______

         C.       Pursuant to Section 3.01(e) of Indenture Supplement..................................    $_______

4.       Series 2003-A Floating Allocation Percentage..................................................    $_______

5.       Series 2003-A Principal Allocation Percentage.................................................    $_______

6.       Series 2003-A Note Interest Rate..............................................................     _______%

7.       Series 2003-A Monthly Interest................................................................    $_______

8.       Series 2003-A Excess Available Interest Amount................................................    $_______

9.       Series 2003-A Excess Available Principal Amount...............................................    $_______

10.      PFA Earnings Shortfall........................................................................    $_______

11.      PFA Earnings..................................................................................    $_______
</TABLE>

                                      B-1
<PAGE>

                  IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this Payment Instruction this ____ day of ___________,_____.

                                              DAIMLERCHRYSLER MASTER OWNER TRUST

                                              By DaimlerChrysler
                                              Services North America
                                              LLC, as Servicer of
                                              the CARCO Trust and
                                              administrator of the
                                              DaimlerChrysler Master
                                              Owner Trust

                                              By: ______________________________
                                                  Name:
                                                  Title:

                                      B-2
<PAGE>

                                                                       EXHIBIT C

       [FORM OF] SERIES 2003-A SCHEDULE TO MONTHLY NOTEHOLDERS' STATEMENT

                              DATE: ______ __, ____

                       DAIMLERCHRYSLER MASTER OWNER TRUST

                     MONTHLY PERIOD ENDING _______ __, ____

                  Reference is made to (i) the Series 2002-CC Supplement, dated
as of June 1, 2002 (the "Series 2002-CC Supplement"), among DaimlerChrysler
Wholesale Receivables LLC, as Seller, DaimlerChrysler Services North America
LLC, as Servicer, and The Bank of New York, as Trustee, and (ii) the Indenture,
dated as of June 1, 2002 (the "Indenture"), between Daimler Chrysler Master
Owner Trust, as Issuer, and The Bank of New York, as Indenture Trustee. Terms
used herein and not defined herein have the meanings ascribed to them in the
Series 2002-CC Supplement, the Indenture and the related Indenture Supplements,
as applicable.

                  The following computations are prepared with respect to the
Payment Date of _______ __, ____ and with respect to the performance of the
DaimlerChrysler Master Owner Trust during the related Collection Period and the
Series 2003-A Notes.

A.       Reductions of and Increases to Series 2003-A Nominal Liquidation
         Amount:
<TABLE>
<CAPTION>
                                [Increases
                                   from                                                  Reductions
                                  amounts                                                    due       Effect of
                                 withdrawn                                                   to       Deposits to
Series 2003-A                    from the                                                  amounts         or
   Nominal        Increases      Principal                  Reductions                       on       Withdrawals
 Liquidation         from         Funding     Reimburse-      due to                      deposits        from         Current
  Amount for      accretions   in respect of  ments from   reallocations    Reductions     in the         the       Series 2003-A
    prior        on Principal   Prefunding     Available   of Available       due to      Principal      Excess        Nominal
  Collection     for Discount     Excess       Interest     Principal        Investor      Funding      Funding      Liquidation
    Period          Notes        Account]       Amounts      Amounts       Charge-Offs     Account      Account        Amount
-------------    ------------  -------------  ----------   -------------   -----------   ----------   -----------   -------------
<S>              <C>           <C>            <C>          <C>             <C>           <C>          <C>           <C>
</TABLE>

                                      C-1

<PAGE>

         IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Monthly Noteholders' Statement this __th day of ___________, _____.

                                       DAIMLERCHRYSLER MASTER OWNER TRUST

                                       By DaimlerChrysler Services North America
                                          LLC, as Administrator on behalf of the
                                          Beneficiary

                                       By ______________________________________
                                          Name:
                                          Title:

                                      C-2

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