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                                                        2003 - 4 PARTS AGREEMENT

                                                                [EXECUTION COPY]

               PROGRAM FOR ACCOUNTS RECEIVABLE TRANSFER AGREEMENT

THIS PROGRAM FOR ACCOUNTS RECEIVABLE TRANSFER AGREEMENT is made this 22 day of
September, 2003 among BANK OF AMERICA, N.A. (together with any successor,
"BANA"), UNIVERSAL FOREST PRODUCTS RMS, LLC, a Michigan limited liability
company ("Client") and UNIVERSAL FOREST PRODUCTS, INC., a Michigan corporation
("Guarantor").

                                    Recitals

Guarantor is the indirect owner of Client through Guarantor's wholly owned
subsidiary that owns the sole membership interest in Client. Client from time to
time will own accounts receivable resulting from the sale of products or
services by Client or one of its affiliates. Client wishes to sell certain
accounts receivable to BANA in accordance with the terms hereof. For purposes
hereof, terms defined in Annex I hereto shall have the respective meanings
assigned therein.

Therefore, for good and valuable consideration, the parties agree as follows:

         1. Purchase of Receivables.

                  (a) In connection with the execution and delivery of this
         Agreement, Client shall sell to BANA Receivables owned by Client, and
         BANA shall purchase such Receivables from Client, on the terms set
         forth herein and on the initial Schedule A hereto (such Schedule A and
         each other Schedule A hereto being incorporated herein by reference).
         After the date hereof, Client may from time to time (x) submit an
         additional proposed Schedule A, in form and substance satisfactory to
         BANA and executed by Client, to BANA, which additional proposed
         Schedule A shall pertain to certain additional Receivables owned by
         Client; and (y) seek the right to sell to BANA such additional
         Receivables under the terms of this Agreement. Within 10 days after the
         initial tender of Receivables in connection with any proposed Schedule
         A, BANA shall notify Client if BANA wishes to accept the proposed
         Schedule A and purchase any or all of such Receivables. The purchase of
         any such Receivables by BANA shall be made pursuant to the terms
         hereof.

                  All Purchased Receivables shall be evidenced by invoices (in
         electronic or paper form), which invoices shall comport with the
         following as specified on the relevant Schedule A: (i) the tenors of
         the Minimum Invoice Tenor Period and Maximum Invoice Tenor Period, (ii)
         the Minimum Invoice Amount, and (iii) no grace period related thereto
         shall exceed the Past Due Grace Period. Without limiting the other
         terms of this Agreement, BANA's purchase of Receivables of an Approved
         Account Debtor (other than Replacement Receivables purchased pursuant
         to Section 1(b)(4) below) shall be subject to the following conditions:
         (A) Client shall submit an executed Schedule A relating to such
         Receivables, which shall contain the relevant terms and conditions with
         respect thereto, (B) BANA shall sign such Schedule A and return it to
         Client, (C) the aggregate amount of such Receivables being purchased
         shall, subject to Section 1(b)(4), be equal to the relevant Required
         Amount, and (D) the relevant Schedule A shall contain the Effective
         Date. All Receivables (including Replacement Receivables) purchased by
         BANA shall be purchased on a non-recourse basis, provided that Client
         shall have an obligation to repurchase certain Receivables upon the
         limited circumstances provided herein. It is the express intention of
         the parties to this Agreement that the purchase of Receivables
         hereunder shall be, and shall be construed as, a true sale of such
         Receivables by Client to BANA. Client acknowledges that the
         representations and warranties made herein (including without
         limitation in

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         Section 4) are a material inducement of BANA's purchase of the
         Receivables to be purchased hereunder.

                  (b) The parties agree as follows with respect to Receivables
         that BANA elects to purchase in connection with an executed Schedule A
         submitted by Client to BANA:

                           (1) The purchase price (the "Purchase Price") for
                  such Receivables purchased shall be the percentage of the face
                  value thereof set forth on the relevant Schedule A as the
                  Purchase Price with respect to such Receivables.

                           (2) The parties shall consummate Client's sale of the
                  subject Receivables as promptly as practicable after BANA's
                  election to purchase such Receivables. The parties shall take
                  the following actions to effect each such purchase and sale:

                                    (i) On each Effective Date, BANA shall pay
                           Client an amount equal to the aggregate Purchase
                           Price for the Receivables to be purchased on such
                           date, which shall be wired to the following account:
                           Bank: Harris Bank (Chicago, IL); ABA: 071000288;
                           Acct. No.: 434-474-3; For: Universal Forest Products
                           RMS, LLC.

                                    (ii) With respect to all Remittances of cash
                           required to be paid over to BANA pursuant to Section
                           1(b)(4), Client shall make such payment in the form
                           of a wire transfer to the following account: Bank:
                           Bank of America, N.A., New York, NY; ABA: 026 009
                           593; Account No.: 6550-219386; For: Rate Derivative
                           Settlements - Attn: Chuck Linton.

                                    (iii) Client shall execute and deliver to
                           BANA an assignment of or schedule of accounts with
                           respect to ( or both) each Receivable to be purchased
                           in such form as BANA may require. In addition, Client
                           shall deliver to BANA with respect to the Receivables
                           to be purchased: ( aa) if requested by BANA, a
                           purchase order signed by the applicable Account
                           Debtor or, alternatively, an unsigned purchase order
                           accompanied by an invoice and signed proof of
                           delivery; (bb) if requested by BANA, a valid invoice
                           in the form currently used by Client with regard to
                           the subject Receivables with evidence of shipment of
                           goods in accordance with any applicable purchase
                           order; (cc) if requested by BANA, a certificate duly
                           executed by or on behalf of the applicable Account
                           Debtor stating that all merchandise has been duly
                           delivered or services have been satisfactorily
                           completed in accordance with the purchase order; (dd)
                           any contracts, agreements, chattel paper, notes,
                           securities and instruments evidencing or relating to
                           the Receivable to the extent any of the preceding
                           exists and is requested by BANA; (ee) any credit
                           memoranda; (ff) such authorizing corporate
                           resolutions, corporate organizational documents and
                           legal opinions (covering, at a minimum, (x) due
                           authorization, execution and delivery, (y)
                           enforceability and perfection and (z) true sale) as
                           BANA may request; and (gg) such other documents and
                           certificates as BANA may request.

                                    (iv) With respect to the initial purchase of
                           Purchased Receivables under Schedule A-1, such
                           purchase shall not occur or be effective until the
                           first date, on or after the date specified as the
                           "Earliest Effective Date" on any applicable Schedule
                           A, on which BANA shall have received: (aa) duly
                           executed counterparts of this Agreement, (bb) duly
                           executed counterparts of the Blocked Account
                           Agreement and (cc) to the extent applicable, evidence
                           satisfactory to BANA that all existing liens on the
                           Receivables to be purchased have been released and
                           appropriate arrangements made to amend or terminate
                           the UCC filings related thereto.

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                           (3) From and after Client's sale and BANA's purchase
                  of any Receivable, BANA shall (i) have exclusive control and
                  shall be entitled to collect and receive all amounts payable
                  under the Purchased Receivable and (ii) have a first claim to
                  any rights under a policy of insurance relating to the
                  Purchased Receivable. BANA shall from and after such time be
                  vested with all of Client's rights in the Purchased Receivable
                  including without limitation: (i) Client's right of replevin
                  and reclamation with respect to the merchandise underlying the
                  Purchased Receivable; and (ii) subject only to the rights
                  assigned to Servicer under Section 6, Client's right to extend
                  the time for payment under, or make any compromise, adjustment
                  or modification with respect to, the Purchased Receivable;
                  provided, however, that BANA shall not undertake any of the
                  foregoing unless an Event of Default or the Stated Termination
                  Date has occurred and is continuing or Client shall have
                  failed to take appropriate action with respect to such
                  Purchased Receivable after BANA's reasonable request therefor.
                  Without limiting the foregoing, Client hereby assigns to BANA
                  all rights of Client under each contract underlying a
                  Purchased Receivable relating to the collectibility of
                  payments thereunder, security interests and other liens
                  created in connection therewith and the enforcement thereof,
                  but BANA does not and shall not thereby assume any obligations
                  of Client under any such contract. Notwithstanding the
                  foregoing, (i) Client shall perform all of its obligations (if
                  any) pursuant to any contract or agreement relating to any
                  Purchased Receivables to the same extent as if such Purchased
                  Receivables had not been transferred hereunder (and the
                  exercise by BANA of its rights hereunder shall not relieve
                  Client from such obligations), (ii) Client shall pay when due
                  any taxes payable by Client under applicable law, including
                  any sales taxes payable in connection with Purchased
                  Receivables and their creation and satisfaction, and (iii)
                  BANA shall not have any obligation or liability with respect
                  to any Purchased Receivable or any security or document or
                  agreement related thereto, nor shall BANA be obligated to
                  perform any of the obligations of Client or any Account Debtor
                  under any of the foregoing.

                           (4) All amounts received by Client with respect to
                  Purchased Receivables (other than any amounts in excess of the
                  Agreed Base Value of such Purchased Receivables) shall be
                  tracked (separately from amounts received by Client on
                  Receivables of the same Account Debtor that do not constitute
                  Purchased Receivables) and held in trust by Client for BANA,
                  and Client (or Servicer, if different from Client) will
                  deliver to BANA all amounts, checks, monies or other forms of
                  with respect to Purchased Receivables (collectively, payment
                  received "Remittances"), net of any amounts that have been
                  earned by Client (or Servicer, if different from Client) as an
                  Incentive Servicing Fee in accordance with Section 6(a);
                  provided, however, that, until the relevant Termination Date,
                  such Remittances may be used by Servicer, as agent for and on
                  account of BANA, to purchase from Client like Receivables of
                  the same Approved Account Debtor that meet all of the
                  requirements contained herein applicable to the original
                  Purchased Receivables of such Approved Account Debtor,
                  ("Replacement Receivables"), which Replacement Receivables
                  shall (i) also be held for the exclusive benefit and account
                  of BANA to the same extent as the original Purchased
                  Receivables, and (ii) shall constitute "Purchased Receivables"
                  for all purposes of this Agreement. BANA assumes no
                  responsibility in the acceptance of checks or other forms of
                  exchange in payment of the Purchased Receivables. Irrespective
                  of whether or not a Termination Date has occurred, Client
                  and/or Servicer will (x) pursuant to Section 5(g), deposit
                  into the Blocked Account (for the benefit of BANA) all
                  Remittances received on, or on account of, Purchased
                  Receivables, net of any amounts that have been earned by
                  Client (or Servicer, if different from Client) as an Incentive
                  Servicing Fee in accordance with Section 6(a), and (y)
                  thereafter, promptly (but in no event later than the Stated
                  Termination Date with respect to Remittances received prior to
                  the Stated Termination Date) remit to BANA such Remittances
                  held in the Blocked Account (for the benefit of BANA) to the
                  extent such Remittances are not used to purchase Replacement
                  Receivables in accordance with the terms of the proviso set
                  forth in the first sentence of this Section 1(b)(4). For
                  purposes of maintaining the perfection of BANA's interest in
                  any

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                  Purchased Receivables and the proceeds thereof, BANA hereby
                  appoints Client as its agent in respect of any Remittances
                  prior to such Remittances being used to purchase Replacement
                  Receivables; provided that Client's sole duty as such agent
                  shall be to hold such Remittances for the benefit of BANA or
                  purchase Replacement Receivables on behalf of BANA as
                  aforesaid.

                           (5) BANA shall not be obligated to purchase any
                  Receivable hereunder (other than Replacement Receivables
                  purchased pursuant to Section 1(b)(4)) unless and until: (i)
                  BANA accepts the Receivable for sale in accordance with the
                  terms hereof; and (ii) all other terms and conditions set
                  forth herein with respect to such purchase shall have been
                  satisfied. BANA's purchase of any Receivable or Receivables on
                  one occasion shall not obligate BANA to purchase any other
                  Receivable (other than Replacement Receivables purchased
                  pursuant to Section 1(b)(4)) on any future occasion.

                           (6) All invoices relating to the Receivables to be
                  purchased shall be in a form substantially similar to the form
                  of invoice with respect to such Receivables initially reviewed
                  and approved by BANA prior to the relevant Effective Date (or
                  in such other form as BANA may from time to time approve).

                           (7) If: (i) an Approved Account Debtor, after
                  receiving and accepting goods or services rendered (subject to
                  all representations and warranties herein), fails to pay a
                  Purchased Receivable when due and such nonpayment shall be the
                  result of or arise from the assertion of any claim or dispute
                  by an Account Debtor against Client or its affiliate for any
                  reason whatsoever, including without limitation, denial of or
                  disputes over the amount of a claim represented by a Purchased
                  Receivable, lack of adequate coverage, disputes concerning the
                  delivery, quantity, quality, or other attributes of the goods
                  or services rendered, or the exercise of any counterclaim or
                  offset (whether or not such claim, counterclaim or offset
                  relates to the specific Purchased Receivable); or (ii) if any
                  representation or warranty made by Client to BANA with respect
                  to a Purchased Receivable has been breached (each of the
                  circumstances (i) and (ii) referred to as a "Repurchase
                  Event") such Purchased Receivables shall be subject to
                  repurchase by Client as provided in Section 9(a). It is
                  understood and agreed that in the event that any Purchased
                  Receivable shall be more than 15 days past due other than as a
                  result of a Financial Inability to Pay, the applicable Account
                  Debtor shall be presumed to have asserted a claim or dispute
                  with respect thereto (thus giving rise to a Repurchase Event
                  with respect to such Receivable), unless Client shall rebut
                  such presumption to the satisfaction of BANA and, in
                  connection therewith, shall provide to BANA all of the
                  materials referenced in Section 6(b) with respect to such
                  Receivable.

                  (c)  The sale or other transfer or conveyance of Purchased
         Receivables do not create, nor are they intended to create, an
         assumption by BANA of any of Client's obligations in connection with
         such Receivables or any agreement or instrument relating thereto,
         including, without limitation, any obligation to any Account Debtor.
         Notwithstanding the foregoing, it is the further intention of the
         parties to this Agreement that, if a court of competent jurisdiction
         were to determine that such transfer of Purchased Receivables is not a
         sale, such transfer shall be deemed a grant of a first priority
         security interest in such Purchased Receivables, the Blocked Account
         and all proceeds thereof to secure Client's obligations to BANA under
         this Agreement, including (without limitation) Client's obligation to
         repurchase certain Purchased Receivables as provided in Section 9(a).

         2. Term.

                  (a) BANA may (i) at any time (whether before, during or after
         an Event of Default), upon ten (10) days written notice to Client, or
         (ii) immediately upon a downgrade in any Approved Account Debtor's
         Credit Rating or the occurrence of an Event of Default, accelerate the
         date on

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         and after which Client can no longer use Remittances to purchase
         Replacement Receivables under a particular Schedule A as set forth in
         the definition of "Termination Date".

                  (b) With respect to any Purchased Receivable, all Remittances
         in respect thereof shall be paid to BANA in accordance with the terms
         of Section 1(b)(4).

         3. Fees. Servicer shall be entitled to a Servicing Fee from BANA as set
         forth in Section 6.

         4. Representations and Warranties.

                  (a) Each Client and Servicer represents and warrants to BANA
         on the date hereof, on each applicable Effective Date (and, with
         respect to each Replacement Receivable, on the date that BANA is deemed
         to have purchased such Replacement Receivable) and at each time Client
         submits to BANA a request that BANA purchase any Receivable that: (i)
         it is duly organized and validly existing and in good standing under
         the laws of the jurisdiction of its organization with the corporate
         power and authority to carry on its activities as now conducted and as
         contemplated under this Agreement, and to execute, deliver, perform and
         secure its obligations under this Agreement in accordance with its
         terms; (ii) the execution, delivery and performance by it of this
         Agreement (aa) have been duly authorized by all necessary action, and
         (bb) do not and will not conflict with, or result in a violation of,
         any applicable provision of existing law, rule or regulation applicable
         to it, any judgment, order or decree applicable to or binding on it,
         its charter or bylaws or any indenture, contract, agreement, mortgage,
         deed of trust or other instruments to which Client is a party or by
         which it or its property is bound; (iii) this Agreement has been duly
         authorized, executed and delivered by it, and is a legal, valid and
         binding obligation of it enforceable against it in accordance with its
         terms, except to the extent, if any, that the enforceability thereof
         may be limited by (aa) the effect of any applicable bankruptcy,
         insolvency, reorganization, moratorium, debt adjustment or other
         similar law or enactment now or hereafter enacted affecting the
         enforcement of creditors' rights generally and (bb) general principles
         of equity (regardless of whether such enforceability is considered in a
         proceeding in equity or at law); (iv) all authorizations, permits,
         consents, approvals, licenses or exemptions from, registrations or
         filings with, or reports to, any governmental or regulatory unit or
         other party or entity necessary for it to enter into this Agreement and
         to perform its obligations hereunder have been obtained and remain in
         full force and effect, and no other such authorizations, permits,
         consents, approvals, licenses, exemptions, registrations, filings or
         reports are necessary for the due execution, delivery and performance
         by it of this Agreement; (v) no agreement exists between Client and any
         Account Debtor that could interfere with such Account Debtor's payment
         of and performance under the Purchased Receivables in accordance with
         the relevant invoices; (vi) each contract underlying a Purchased
         Receivable, by its terms, is freely transferable; (vii) each contract
         underlying a Purchased Receivable is governed according to the laws of
         a state of the United States of America; (viii) each contract
         underlying a Purchased Receivable contains (Y) no material restrictions
         or limitations on Client's (or its assignee's) ability to pursue
         collection of such Receivables and enforcement of such contract and (Z)
         no mandatory arbitration provisions; and (ix) it has complied (and will
         continue to comply) with all applicable agreements and requirements
         contained in this Agreement, including without limitation those set
         forth in Section 5.

                  (b) Client acknowledges that as to each Receivable sold
         hereunder that it expressly represents, warrants, agrees (and
         furthermore acknowledges that BANA is expressly relying thereon) that
         immediately prior to the purchase of such Receivable by BANA pursuant
         to Section 1 hereof: (i) Client is the lawful owner of each such
         Receivable; (ii) each such Receivable shall be sold and assigned to
         BANA as absolute owner free and clear of all liens, claims and security
         interests, and Client has complied with (and will continue to comply
         with) the requirements of Section 5(e) with respect to each such
         Receivable; (iii) each such Receivable is for a certain, definite,
         undisputed and liquidated amount and represents an amount owed to
         Client as a result of a bona fide sale in the ordinary course of
         business of a product or service to an Approved Account Debtor who is
         not affiliated with Client; (iv) complete deliveries have been made
         under any agreement, representation or understanding between Client and
         the applicable Account

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         Debtor with respect to each such Receivable, and, as required by
         Section 1(b)(2)(iii)(dd), any contracts or agreements relating to each
         such Receivable have been delivered to BANA; (v) no such Receivable is
         past due (i.e., unpaid beyond the applicable Maximum Invoice Tenor
         Period) or for a face value less than the applicable Minimum Invoice
         Amount; (vi) the applicable Account Debtor is not, and will not be,
         entitled to any offset, deduction, counterclaim, contra account and/or
         other credit with respect to such Receivable or will be subject to any
         dispute or claim (other than Credits that would not cause a breach of
         the representation in clause (vii) below) by an Account Debtor
         including, but not limited to, with respect to price, terms, quality,
         quantity or delay in shipment; (vii) no such Receivable is or shall
         otherwise be subject to, any offset, counterclaim, contra account or
         any defense of any kind or character with respect to any such
         Receivable (collectively, "Credits") that would cause the aggregate
         amount of all Credits with respect to all Purchased Receivables
         purchased by BANA under a particular Schedule A to exceed 7.5% (or such
         other amount as Client and BANA may subsequently agree upon) of the
         aggregate face value of all such Purchased Receivables; (viii) Client
         does not have any knowledge of any fact that could reasonably be
         expected to affect the validity or collectibility of any such
         Receivable (other than Credits that would not cause a breach of the
         representation in Section 4(b)(vii)); (ix) no such Receivable
         represents a delivery of merchandise upon "consignment," "guaranteed
         sale," "sale or return," "payment on reorder" or similar terms; (x) no
         such Receivable represents a "pack, bill and hold" or similar
         transaction; (xi) the names of the Account Debtors and the amounts
         owing on the due dates of each such Receivable are correctly stated in
         all instruments of assignment, schedules, invoices or other
         documentation furnished by Client to BANA; (xii) no such Receivable has
         a due date that is more than the Maximum Invoice Tenor Period unless
         otherwise approved by BANA; (xiii) no other sale, assignment or grant
         of a security interest or lien of any kind whatsoever presently exists
         or will thereafter be created in favor of any person or entity with
         respect to any such Receivable; (xiv) any and all information furnished
         by Client to BANA in connection with the sale of each such Receivable
         is and will be true and correct in all material respects at the time
         that such information is furnished to BANA; (xv) Client has strictly
         complied with all applicable laws and regulations in connection with
         Client's sale of products or services giving rise to each such
         Receivable; (xvi) all proceeds from the sale of such Receivables will
         be used by Client in accordance with requirements of law, and will not
         be used, directly or indirectly, to purchase or carry margin stock
         (within the meaning of Regulation U of the Board of Governors of the
         Federal Reserve System) or to extend credit to others for the purpose
         of purchasing or carrying margin stock or to refund indebtedness
         originally incurred for such purpose; (xvii) each such Receivable is
         and will be payable in United States dollars; and (xviii) each such
         Receivable constitutes an "account" as defined in Section 9-102 of the
         Uniform Commercial Code as in effect in the state of Client's formation
         and in the state of Client's principal place of business. Client
         acknowledges that the representations and warranties made herein are a
         material inducement to BANA's purchase of the Receivables to be
         purchased hereunder.

                  (c) Client authorizes BANA to represent and warrant to any
         subsequent transferee or assignee of any Receivable that at the date of
         purchase of the Receivable by BANA the Receivable represented a legally
         valid indebtedness of the applicable Account Debtor for the amount of
         such Receivable and that there were no known defaults or counterclaims
         with respect to such Receivable. Client shall indemnify BANA from and
         against any liability incurred by BANA, or any claims made against
         BANA, as a result of any such representation or warranty by BANA.

         5. Covenants of Client. Client and, to the extent applicable, Servicer
shall comply with each of the following covenants during the term of this
Agreement:

                  (a) Client shall deliver to BANA in form and detail
         satisfactory to BANA (but only to the extent not delivered to BANA
         under Client's syndicated bank credit facility or otherwise):

                           (i) as soon as available, but not later than 95 days
                  after the end of each fiscal year, a copy of the audited
                  consolidated balance sheet of Guarantor as at the end of such
                  year and the related consolidated statements of income or
                  operations, shareholders' equity and cash flows for such
                  fiscal year, setting forth in each case in

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                  comparative form the figures for the previous fiscal year, and
                  accompanied by the opinion of a nationally-recognized
                  independent public accounting firm, which opinion shall state
                  that such consolidated financial statements present fairly, in
                  all material respects, the financial position for the periods
                  indicated in conformity with Generally Accepted Accounting
                  Principles applied on a basis consistent with prior years
                  (except for changes agreed upon by Guarantor and such auditors
                  which are disclosed and described in such statements). Such
                  opinion shall not be qualified or limited because of a
                  restricted or limited examination by such accountant of any
                  material portion of the records of Guarantor; and

                           (ii) as soon as available, but not later than 50 days
                  after the end of each of the first three fiscal quarters of
                  each fiscal year, a copy of the unaudited consolidated balance
                  sheet of Guarantor as of the end of such quarter and the
                  related consolidated statements of income and cash flows for
                  the period commencing on the first day and ending on the last
                  day of such quarter, and certified by any responsible
                  financial officer of Guarantor as being complete and correct
                  and fairly presenting in all material respects, in accordance
                  with Generally Accepted Accounting Principles, the financial
                  position and the results of the operations of Guarantor.

                  (b) Client and Servicer each shall do or cause to be done all
         things necessary to preserve and keep in full force and effect its
         existence, rights and privileges as a corporation or partnership, as
         the case may be, under the laws of its state of organization.

                  (c)  Neither Client nor Servicer will create, incur, assume or
         suffer to exist any lien or other encumbrance (other than those arising
         hereunder and except for such non-consensual encumbrances as may arise
         in the ordinary course of Client's business) on: (i) the Purchased
         Receivables (whether now existing or hereafter arising) or (ii) any
         proceeds of the Purchased Receivables.

                  (d) Notwithstanding anything to the contrary, Client and
         Servicer each shall apply all amounts, checks, monies or other forms of
         payment received (i) from any Account Debtor who is an Approved Account
         Debtor with respect to Purchased Receivables and with whom Client has
         other Receivables and (ii) which do not clearly indicate the
         Receivables which are being paid, first to Purchased Receivables on
         such Account Debtor until all such Receivables have been paid in full
         and, thereafter, to Receivables which are not Purchased Receivables.

                  (e) In connection with each Purchased Receivable and at its
         own expense, Client and Servicer each shall (i) on the applicable date
         of sale to BANA, indicate or cause to be indicated clearly and
         unambiguously in its accounting records and mark or cause to be marked
         on any paper invoice or the electronic ledger for any electronic
         invoice that such Receivable has been sold to BANA pursuant to this
         Agreement; (ii) ensure that its balance sheet indicates that the
         Purchased Receivables have been sold to BANA; (iii) not mislead any
         creditor with respect to BANA's ownership of the Purchased Receivables;
         (iv) inform any person or entity that may inquire that the Purchased
         Receivables have been sold to BANA without recourse; (v) not hold out
         the Purchased Receivables as being able to satisfy any obligation owed
         or that may be owed to any creditor or potential creditor of Client;
         and (vi) promptly (and in any event within five (5) days) upon the
         request of BANA, provide BANA with a list of, an accounts receivable
         aging report for and any other similar financial or accounting document
         relating to, all Purchased Receivables.

                  (f) Client and Servicer each shall notify BANA in the event
         any of the following events occur as promptly as practical (but in any
         event within five (5) days) after Client or Servicer, as applicable,
         becomes aware, or has any reason to believe, such event has occurred or
         will likely occur:

                           (i) a general meeting of unsecured creditors shall be
                  called by any Approved Account Debtor or on behalf of such
                  Account Debtor;

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                           (ii) a voluntary or involuntary proceeding shall
                  have been instituted in a United States Bankruptcy Court to
                  adjudge an Approved Account Debtor bankrupt;

                           (iii) a petition shall have been filed in a United
                  States Bankruptcy Court for the corporate reorganization of an
                  Approved Account Debtor (Chapters 11 or 12, as may be amended
                  from time to time) or for the arrangement of the debts of an
                  Approved Account Debtor (Chapter 13, as may be amended from
                  time to time);

                           (iv) a receiver is appointed of the whole or any
                  part of the property of an Approved Account Debtor;

                           (v) an Approved Account Debtor, or a third party
                  on behalf of such Account Debtor, shall have made a general
                  offer of compromise, in writing, to his, her or its creditors
                  for less than his, her or its indebtedness;

                           (vi) possession shall have been taken of an Approved
                  Account Debtor's assets under an assignment or deed of trust
                  executed by such person for the benefit of his, her or its
                  creditors;

                           (vii) a creditors committee shall have been formed
                  for the sole purpose of liquidation of an Approved Account
                  Debtor;

                           (viii) possession shall have been taken of an
                  Approved Account Debtor's business assets under a chattel
                  mortgage given thereon;

                           (ix) a sale in bulk is made of an Approved Account
                  Debtor's property;

                           (x) an Approved Account Debtor's assets shall have
                  been sold under a writ of execution or attachment, or a writ
                  of execution shall have been returned unsatisfied;

                           (xi) an Approved Account Debtor shall have absconded;

                           (xii) an Approved Account Debtor's assets shall
                  have been sold under a distraint or levy by any taxing
                  authority, or by a landlord;

                           (xiii) an Approved Account Debtor's Credit Rating as
                  of the Effective Date (including as specified on the
                  applicable Schedule A) has been subsequently lowered or
                  withdrawn by S&P, Moody's or any other nationally recognized
                  rating agency;

                           (xiv) the assertion of any material dispute of, or
                  any claim of a Credit with respect to, any Purchased
                  Receivable by any Approved Account Debtor; or

                           (xv) a Servicer Default.

                  (g) Client, Servicer and Guarantor shall cause all Remittances
         to be held in trust for the benefit of BANA and forward such
         Remittances to the Blocked Account within one business day of receipt
         thereof. For purposes of maintaining the perfection of BANA's interest
         in any Remittances forwarded to, or otherwise received by, Client,
         Servicer or Guarantor, BANA hereby appoints each of Client, Servicer
         and Guarantor as its agent in respect of such funds and other property;
         provided that, subject to Section 1(b)(4), Client's, Servicer's and
         Guarantor's sole duty as such agent shall be to hold such funds or
         other property in trust for the benefit of BANA and to transfer such
         funds or other property to the Blocked Account as aforesaid. As a
         matter of clarification, it is understood and agreed that all
         Remittances in the possession of Client, Servicer or Guarantor, whether
         held in the Blocked Account or otherwise, shall constitute the property
         of

                                       8

<PAGE>

         BANA to be held in trust for the benefit of BANA pursuant to the terms
         of this Agreement (including the terms of Section 1(b)(4)).

                  (h) Client and Servicer each shall do or cause to be done
         all things necessary or reasonably requested by BANA under any foreign
         laws applicable to an Approved Account Debtor that is incorporated or
         organized in a jurisdiction outside of the United States in order to
         (i) ensure that BANA has and continues to have good title to the
         Purchased Receivables, and (ii) ensure that BANA has and continues to
         have the ability to enforce all rights purported to be transferred to
         BANA hereunder with respect to the Purchased Receivables.

                  (i) Neither Client nor Servicer shall make any material
         change in its credit and collections procedures that would adversely
         affect the validity, enforceability or collectibility of the Purchased
         Receivables or materially adversely affect the ability of Client or
         Servicer to perform its obligations hereunder without the prior written
         consent of BANA.

                  (j) Without the prior written consent of BANA, Client will
         not amend, modify or waive any term or condition of any contract
         underlying any Purchased Receivable, which amendment, modification or
         waiver would adversely affect the validity, enforceability or
         collectibility of such Receivable or adversely affect BANA's right to
         collect any Purchased Receivable.

         6. Servicing.

                  (a) Until BANA gives notice to Client of the designation of
         a new Servicer as provided herein, Client is hereby designated as, and
         hereby agrees to perform the duties and obligations of, the servicer
         pursuant to the terms hereof (the "Servicer") with respect to the
         Purchased Receivables; provided that, with respect to any group of
         Purchased Receivables, Client (solely in its capacity as Servicer) may,
         at any time, upon prior written notice to BANA, designate any affiliate
         of Client as sub-servicer hereunder; provided, however, that such
         affiliate shall not become Servicer and, notwithstanding any such
         delegation, Client shall remain liable for the performance of the
         duties and obligations of Servicer in accordance with the terms of this
         Agreement without diminution of such liability by virtue of such
         delegation and to the same extent and under the same terms and
         conditions as if Client alone were performing such duties and
         obligations. The parties agree that Guarantor shall serve as the
         initial such sub-servicer hereunder. Client acknowledges that BANA has
         relied on the agreement of Client to act as Servicer hereunder in
         making its decision to execute and deliver this Agreement. Accordingly,
         Client agrees that it shall not voluntarily resign as Servicer. In
         consideration of the performance by Servicer of its obligations
         hereunder with respect to Purchased Receivables under a particular
         Schedule A, Servicer shall be entitled to receive, in advance on the
         Effective Date for such Schedule A, the per annum Servicing Fee from
         BANA. Furthermore, to the extent collected by Client, Client shall be
         entitled to receive and retain an amount equal to Remittances collected
         on Purchased Receivables in excess of the Agreed Base Value of such
         Purchased Receivables as an "Incentive Servicing Fee." If an Event of
         Default or Servicer Default occurs hereunder, (i) BANA may designate as
         Servicer with respect to all or any portion of the Purchased
         Receivables any person (including BANA or any of its affiliates) to
         succeed Client or any successor Servicer, on the condition in each case
         that any such person so designated shall agree to perform the duties
         and obligations of Servicer pursuant to the terms hereof, and Client
         agrees that it shall reimburse BANA for all increase in costs, expenses
         or fees incurred by it as a result of, or in connection with, such
         designation, and (ii) BANA shall have the right to setoff any Servicing
         Fee owed to Client pursuant to this Section 6(a) against the amount of
         any of Client's indemnity or other obligations hereunder.

                  (b) Servicer shall take or cause to be taken all such action
         as may be necessary or advisable to administer, service and collect
         each Purchased Receivable from time to time (including without
         limitation minimizing the amount of any Credits and keeping a proper
         accounting of any Credits that are asserted by an Account Debtor), all
         at the Servicer's expense and in accordance with this Agreement and all
         applicable laws, rules and regulations, with

                                       9

<PAGE>

         reasonable care and diligence, and in accordance with any credit and
         collection policy agreed to by Client and BANA with respect to a
         Purchased Receivable; provided, however, that Servicer shall not extend
         the maturity of any Purchased Receivable without BANA's prior consent,
         which consent shall not be unreasonably withheld. In addition, Servicer
         shall remit any and all Remittances received with respect to any
         Purchased Receivables to BANA in accordance with the terms of Section
         1(b)(4), and shall likewise forward all other payments and fees owed to
         BANA pursuant to the terms hereof. Without BANA's consent, Client, in
         its capacity as Servicer, shall not take any action (or omit to take
         any action that it would customarily take in servicing Receivables)
         where such action (or inaction) with respect to any Purchased
         Receivable is reasonably likely to impair BANA's rights therein or the
         enforceability, value or collectibility thereof. Without limiting the
         foregoing, Client, in its capacity as Servicer, shall not take any
         action (or omit to take any action that it would customarily take in
         servicing Receivables) that results in preferential treatment for
         Receivables of an Approved Account Debtor that do not constitute
         Purchased Receivables. Servicer shall have the right to directly
         communicate with any Account Debtor with respect to Purchased
         Receivables (and, in the case of clause (ii), to commence collection
         proceedings with BANA's consent on BANA's behalf): (i) to obtain
         current information not already provided on such Account Debtor's
         financial condition and creditworthiness, and (ii) to determine if any
         portion of any Purchased Receivable is past due. Notwithstanding
         anything to the contrary contained herein, upon the occurrence and
         continuance of an Event of Default or to the extent any Purchased
         Receivable is more than 15 days past due, BANA may direct Servicer, at
         BANA's sole expense, to commence or settle any legal action to enforce
         collection of any Purchased Receivable or to foreclose upon or
         repossess any underlying security related thereto.

                  (c) If Client is not Servicer, then Client shall deliver to
         Servicer and Servicer shall hold for the benefit of Client and BANA in
         accordance with their respective interests, all records and documents
         (including computer tapes or disks) with respect to each Purchased
         Receivable. Servicer shall hold (and shall cause each sub-servicer to
         hold) in trust (and, during the continuance of an Event of Default, at
         the request of BANA, segregate) for BANA's benefit, any Remittances
         received by Servicer (or any sub-servicer) with respect to the
         Purchased Receivables, and distribute the same to BANA in accordance
         with the terms of Section 1(b)(4) or otherwise upon BANA's direction.
         Servicer agrees to make its records, files and books of account
         available to BANA on request, and to allow BANA and its agents and
         representatives to visit Servicer's premises upon reasonable notice and
         during normal business hours to examine such records, files and books
         of account, to make copies or extracts thereof, and to conduct such
         examinations as BANA deems necessary. In addition, on the fifteenth
         calendar day of each month, Servicer shall deliver to BANA a statement
         of its account showing all accountings relating to all Purchased
         Receivables as of the last day of such month. Such statements of
         account shall be deemed correct and binding absent manifest error,
         unless Servicer receives a written statement from BANA to the contrary
         within five (5) days after same is received by BANA.

                  (d) For all Purchased Receivables which are past due for any
         reason, but excluding those Purchased Receivables which are past due
         solely as a result of a Repurchase Event, Servicer shall immediately
         notify BANA and provide to BANA, promptly (and in any event within one
         business day), each of the following: (i) a copy of the applicable
         Account Debtor's purchase order and/or a signed confirmation thereof or
         a signed confirmation of the delivery of goods thereunder; (ii) a copy
         of each outstanding invoice (in electronic or paper form) and all
         credit memoranda; (iii) a notarized statement of account; (iv) at
         BANA's request, copy of all correspondence to and from the applicable
         Account Debtor relating to such Purchased Receivables; (v) a copy of
         Servicer's complete collection file on the applicable Account Debtor
         relating to such Purchased Receivables; (vi) all guarantees, collateral
         documents and security agreements relating to such Purchased
         Receivables, (vii) proof of delivery of goods or rendering of services
         relating to such Purchased Receivables, and (viii) such other documents
         and information that BANA may reasonably request relating to such
         Purchased Receivables. Further, with respect to any Purchased
         Receivable that is more than 15 days past due (other than a Purchased
         Receivable that is past due as solely a result of a Repurchase Event)
         and that has not been repurchased by Client, Servicer shall provide to
         BANA upon request (promptly, and in any

                                       10

<PAGE>

         event within one business day) (x) a true and complete copy of any
         contract relating to such Purchased Receivable, together with any
         modifications or side letters related thereto, each written in English,
         and (y) any other evidence of nonpayment of such Purchased Receivable
         as may reasonably be requested by BANA.

                  (e) The occurrence of any one or more of the following events
         shall constitute a "Servicer Default" hereunder:

                           (1) (a) Servicer shall fail to perform or observe any
                  term, covenant or agreement hereunder and such failure shall
                  remain unremedied for ten (10) days following BANA's written
                  notice thereof to Servicer, or (b) Servicer shall fail to make
                  any payment or deposit to be made by it hereunder when due; or

                           (2) any representation, warranty, certification or
                  statement made by the Servicer in this Agreement or in any
                  other document shall prove to have been incorrect in any
                  material respect when made or deemed made; or

                           (3) an Event of Default; or

                           (4) if any Purchased Receivable is not paid (or
                  repurchased) by the Stated Termination Date.

                  (f) Notwithstanding any other provision of this Agreement,
         during the continuance of Servicer Default, BANA may, by written notice
         to Client and/or Servicer (as applicable):

                           (1) direct the applicable Account Debtor(s) that
                  payment of all amounts payable under any Purchased Receivable
                  be made directly to BANA or its designee;

                           (2) instruct Client or Servicer (as applicable) to
                  give notice to the applicable Account Debtor(s), which notice
                  shall be given at Client's/Servicer's expense, directing that
                  payment of all amounts payable under any Purchased Receivable
                  be made directly to BANA or its designee; and/or

                           (3) terminate and replace Servicer.

                  (g) Client shall provide to Servicer on a timely basis all
         information needed for the servicing, administration and collection
         obligations of Servicer, including notice of the occurrence of any
         Event of Default or any event specified in Section 5(f) hereof as
         promptly as practicable (but in any event within five (5) days) after
         Client becomes aware, or has any reason to believe, such event has
         occurred or will likely occur.

         7. Attorney-in-Fact. Client hereby grants and conveys to BANA an
irrevocable power of attorney (coupled with an interest) authorizing and
permitting BANA, at its option, with or without notice to Client, to do any one
of the following: (a) endorsing the name of Client upon any checks or other
instruments that may come into BANA's possession in payment of Purchased
Receivables; (b) endorsing the name of Client on any freight or express bill or
bill of lading relating to any Purchased Receivables; (c) taking all action as
BANA deems appropriate, including without limitation the execution and filing of
financing statements, in the name of and on behalf of Client to perfect any of
the security interests granted to BANA herein; provided, however, that BANA
shall not exercise any such power until the occurrence and during the
continuance of an Event of Default. Client agrees that neither BANA nor the
attorney-in-fact will be liable for any acts of commission or omission nor for
any error of judgment or mistake of fact or law except to the extent the same
constitutes gross negligence or willful misconduct.

         8. Waiver. The waiver by BANA of any particular breach by Client of a
provision of this Agreement, or BANA's failure to exercise a right granted to it
herein, shall not constitute a waiver of any subsequent breach or any other
right.

                                       11

<PAGE>

         9. Indemnity and Repurchase Obligations.

                  (a) BANA's purchase of a Receivable shall not relieve Client
         from any liability that might arise out of Client's breach of any
         representation, warranty, covenant or agreement hereunder, or out of
         any unauthorized or fraudulent acts of Client, its officers, employees
         or agents. In the event of (i) any breach of any representation and
         warranty set forth in Section 4 with respect to a Purchased Receivable
         or any such unauthorized or fraudulent act with respect to a Purchased
         Receivable which remains uncured for ten (10) days after notice thereof
         or (ii) an Account Debtor's failure to pay a Purchased Receivable
         resulting from or arising out of a Repurchase Event, Client agrees upon
         BANA's request, to repurchase such Receivable at a price equal to the
         Agreed Base Value thereof.

                  (b) Client agrees to indemnify BANA from and against all
         losses, damages, liabilities and costs, including attorneys fees and
         expenses (whether incurred in connection with trial or appellate
         proceedings or otherwise), incurred by BANA as a result of or in
         connection with: (i) any claim or defense which any Account Debtor or
         other person may have or assert against Client or BANA in connection
         with Purchased Receivables or this Agreement; or (ii) any breach of any
         of Client's representations, warranties, covenants or agreements
         contained herein, in each of (i) and (ii) except to the extent
         resulting from BANA's gross negligence or willful misconduct.

                  (c) BANA shall have the right to charge (by setoff or
         otherwise) any of Client's accounts maintained with BANA, without
         notice, for the amount of any of Client's indemnity or other
         obligations hereunder.

                  (d) The remedies set forth in this Agreement or otherwise
         available under applicable law shall be cumulative, and no election by
         BANA to exercise any remedy shall preclude it from thereafter
         exercising any other remedy.

         10. Default and Remedies. An event of default ("Event of Default")
shall be deemed to have occurred hereunder upon the occurrence of one or more of
the following:

                  (a) Client shall fail to pay, (i) when and as required to be
         paid herein, any amount on account of repurchasing any Purchased
         Receivable, or (ii) within five (5) days after the same shall become
         due, any other amount payable hereunder; or

                  (b) Servicer or Guarantor (i) shall fail to make any payment
         in respect of any indebtedness having an aggregate principal amount of
         $10,000,000 or more when due (whether by scheduled maturity, required
         prepayment, acceleration, demand, or otherwise) and such failure
         continues after the applicable grace or notice period, if any,
         specified in the document relating thereto on the date of such failure;
         or (ii) shall fail to perform or observe any other condition or
         covenant, or any other event shall occur or condition exist, under any
         agreement or instrument relating to any such indebtedness, and such
         failure continues after the applicable grace or notice period, if any,
         specified in the document relating thereto on the date of such failure,
         if the effect of such failure, event or condition is to cause, or to
         permit, the holder or holders of such indebtedness or beneficiary or
         beneficiaries of such indebtedness (or a trustee or agent on behalf of
         such holder or holders or beneficiary or beneficiaries) to cause such
         indebtedness to be declared to be due and payable prior to its stated
         maturity; or

                  (c) Servicer or Guarantor (i) shall generally fail to pay its
         debts as they become due; (ii) commences any insolvency proceeding with
         respect to itself; or (iii) takes any action to effectuate or authorize
         any of the foregoing; or

                  (d) Any involuntary lien, garnishment, attachment or the like
         shall be issued against or shall attach to the Purchased Receivables,
         the Collateral or any portion thereof and the same is not released or
         Client fails to repurchase such Purchased Receivables within ten (10)
         days;

                                       12

<PAGE>

                  (e) (i) Any involuntary insolvency proceeding is commenced or
         filed against Servicer or Guarantor; or any writ, judgment, warrant of
         attachment, execution or similar process, is issued or levied against a
         substantial part of Servicer's or Guarantor's properties, and any such
         proceeding or petition shall not be dismissed, or such writ, judgment,
         warrant of attachment, execution or similar process shall not be
         released, vacated or fully bonded within 60 days after commencement,
         filing or levy; (ii) Servicer or Guarantor admits the material
         allegations of a petition against it in any insolvency proceeding, or
         an order for relief (or similar order under non-U.S. law) is ordered in
         any insolvency proceeding; or (iii) Servicer or Guarantor acquiesces in
         the appointment of a receiver, trustee, custodian, conservator,
         liquidator, mortgagee in possession (or agent therefor), or other
         similar person for itself or a substantial portion of its property or
         business; or

                  (f) One or more non-interlocutory judgments, orders or decrees
         shall be entered against Servicer or Guarantor involving in the
         aggregate a liability (not covered by independent third-party
         insurance) as to any single or related series of transactions,
         incidents or conditions, of $10,000,000 or more, and the same shall
         remain unsatisfied, unvacated and unstayed pending appeal for a period
         of 30 days after the entry thereof.

                  (g) Client, including in its role as Servicer hereunder, shall
         breach any covenant or agreement set forth herein, or any warranty or
         representation set forth herein shall be untrue when made, and the same
         is not cured to BANA's reasonable satisfaction within ten (10) days
         after such breach or occurrence;

                  (h) Any report, certificate, schedule, financial statement,
         profit and loss statement or other statement furnished by Servicer, or
         by any other person on behalf of Client, to BANA is not true and
         correct in any material respect as of the date given.

                  (i) A material adverse change shall have occurred in
         Servicer's financial conditions, business or operations in BANA's
         opinion.

Upon the occurrence and during the continuance of any such Event of Default,
BANA (i) shall have no further obligation to take any action after Client's
tender of Receivables for purchase, (ii) may, by written notice to Client,
accelerate the date on and after which Client or Servicer can no longer use
Remittances to purchase Replacement Receivables and (iii) may immediately
exercise its rights and remedies hereunder or pursuant to applicable law with
respect to the Purchased Receivables, including giving notice to each Approved
Account Debtor to remit payment of all amounts payable under any Purchased
Receivable directly to BANA or to an account identified by BANA; provided,
however, that BANA will hold all collections that are not Remittances in trust
for Client and, subject to the provisions of Section 5(d) hereof, will deliver
such collections to Client promptly.

         11. Cumulative Rights; Waivers. All rights, remedies and powers granted
to BANA in this Agreement, or in any other instrument or agreement between
Client and BANA are cumulative and may be exercised singularly or concurrently
with such other rights as BANA may have. These rights may be exercised from time
to time as to all or any part of the Purchased Receivables as BANA in its
reasonable discretion may determine. In the event BANA deems it necessary to
seek equitable relief, including, but not limited to, injunctive or receivership
remedies, as a result of Client's default, Client waives any requirement that
BANA post or otherwise obtain or procure any bond. Alternatively, in the event
BANA, in its sole and exclusive discretion, desires to procure and post a bond,
BANA may procure and file with the court a bond in an amount up to and not
greater than $10,000,000.00 notwithstanding any common or statutory law
requirement to the contrary. Upon BANA's posting of such bond it shall be
entitled to all benefits as if such bond was posted in compliance with state
law. Client also waives any right it may be entitled to, including an award of
attorney's fees or costs, in the event any equitable relief sought by and
awarded to BANA is thereafter, for whatever reason(s), vacated, dissolved or
reversed.

                                       13
<PAGE>

         12. Termination. No termination or cancellation (regardless of cause or
procedure) of the transactions or relationship contemplated under this Agreement
shall in any way affect or impair the obligations, duties and liabilities of
Client or the rights of BANA relating to any transaction or event occurring
prior to such termination or cancellation. All undertakings, agreements,
indemnifications, covenants, warranties and representations contained herein
shall survive such termination or cancellation. Client acknowledges that it has
a duty to timely pay any tax obligation(s) and that if, for whatever reason, a
tax lien or levy were to issue, Client shall cause such lien or levy to be
satisfied or discharged within ten (10) days. Until such lien or levy is
satisfied and discharged, BANA shall be entitled to withhold any sum(s) that may
otherwise be due Client and may remit same to the appropriate governmental tax
authority. Moreover, Client agrees that until the tax lien or levy is satisfied
or discharged, BANA shall be entitled to collect all proceeds of Purchased
Receivables and apply such proceeds to Client's obligations hereunder. Nothing
contained herein shall suspend or abate any obligation Client owes to BANA.

         13. Expenses. Client agrees to pay all reasonable out-of-pocket due
diligence expenses incurred by BANA in connection with BANA's purchase of
Purchased Receivables hereunder. In addition to such due diligence expenses,
Client agrees to pay, and save BANA harmless against liability for the payment
of, all reasonable out-of-pocket expenses of BANA arising in connection with the
transactions contemplated herein (including any modifications relating hereto).
Such expenses include, without limitation, the following: (a) any and all state
documentary stamp taxes or other taxes (including interest and penalties, if
any) which may be determined to be payable with respect to the execution and
delivery of this Agreement or any assignment or other document executed in
connection with this Agreement or any such modification; (b) all search fees and
filing fees incurred in connection with the transactions contemplated herein;
(c) reasonable travel expenses; (d) reasonable legal fees and expenses in
connection with documenting and closing the transactions contemplated herein and
with collecting an account due to Client's failure to pay or perform its
obligations hereunder, as Servicer or otherwise; (e) credit reports; (f) wire
transfers, (g) reasonable expenses incurred for examining books, records,
accounts or procedures or policies of Client or Servicer, and (h) BANA's
customary expenses with regard to the establishment and maintenance of the
Blocked Account. Client agrees that BANA shall be entitled to indemnification
and recovery of any and all attorneys' fees or costs in respect of any
litigation based hereon, arising out of, or related hereto whether, under or in
connection with this and/or any agreement executed in conjunction herewith, or
any course of conduct, course of dealing, statements (whether verbal or written)
or actions of either party; provided, however, that BANA shall not be entitled
to indemnification and recovery of such legal costs where such legal costs
relate to litigation initiated by BANA that results in a judgment in favor of
Client.

         14. Security Interest. It is the intention of the parties hereto that
Client's transfer of Receivables to BANA shall constitute a sale and assignment,
which sale and assignment shall be absolute, irrevocable and without recourse
(other than with respect to the limited repurchase obligations provided herein)
and shall provide BANA with the full benefits of ownership of the Purchased
Receivables. Notwithstanding the foregoing, to protect BANA in the event that
any transfer of Purchased Receivables is deemed by a court, contrary to the
express intent of the parties, to constitute a pledge rather than a sale and
assignment of such Purchased Receivables, Client and Guarantor do each hereby
grant to BANA a security interest in and lien upon all of such person's
respective right, title and interest in and to the Purchased Receivables, the
Blocked Account and all proceeds thereof (the "Collateral") to secure Client's
obligations to BANA under this Agreement, including (without limitation)
Client's obligation to repurchase certain Purchased Receivables as provided in
Section 9(a). Client and Guarantor do each agree to comply with all appropriate
laws in order to perfect BANA's security interest in and to the Collateral, to
execute any financing statements, continuations thereof, amendment thereto or
additional documents as BANA may require. Client and Guarantor do each hereby
authorize BANA to prepare and file such financing statements (including renewal
statements) or amendments thereof or supplements thereto or other instruments as
BANA may from time to time deem necessary or appropriate in order to perfect and
maintain the security interests granted hereunder in accordance with the UCC.
Neither Client nor Guarantor shall (a) alter its corporate existence or, in one
transaction or in a series of transactions, merge into or consolidate with any
other entity, or sell all or substantially all of its assets, (b) change its
state of incorporation or formation or (c) change its registered corporate name,
without, in each case, (i)

                                       14

<PAGE>

providing 30 days prior written notice to BANA, (ii) providing such information
as BANA may reasonably require in order to allow BANA to file appropriate
amendments to any previously filed financing statements and (iii) executing any
such additional documents as BANA may reasonably require in order to protect its
rights and remedies hereunder. The occurrence and continuation of any Event of
Default shall entitle BANA to all of the default rights and remedies (without
limiting the other rights and remedies exercisable by BANA either prior or
subsequent to an Event of Default) as available to a secured party under the
Uniform Commercial Code in effect in any applicable jurisdiction. Nothing in
this Section 14 shall be construed as a representation, on the part of the
Guarantor, that it has any right, title or interest in or to any of the
Purchased Receivables or the Blocked Account.

         15. Agreement of Client. Client authorizes and empowers BANA, in its
sole discretion at any time during the continuance of an Event of Default, to:
(i) place a hold on Client's checking and other accounts now or hereafter
maintained at BANA ; and (ii) withdraw funds from any such account and remit the
same to BANA. Any division or department of BANA is authorized to comply with
each such direction made by any other division or department of BANA without any
duty to determine whether such direction, or any action pursuant thereto, is
authorized hereunder or otherwise complies with the terms hereof. BANA shall
have no liability to Client or any other entity as a result of its compliance
with any such direction, and Client shall indemnify BANA from and against all
such liability except to the extent that such liability arises as a result of
BANA's gross negligence or willful misconduct. BANA is authorized to apply all
funds received by it hereunder to Client's obligations hereunder in such order
as BANA may elect. The parties acknowledge that the amount held in each such
account may exceed the amount of Client's obligations as ultimately determined.
Client agrees that neither BANA nor any institution, nor any of their respective
affiliates, shall be liable for the dishonor of any item as the result of a hold
being placed on Client's accounts or as the result of any withdrawal of funds in
any such account in accordance with the terms hereof.

         16. Notices. Any notice or other communication required or permitted
hereunder shall be in writing and shall be delivered by (a) personal delivery;
(b) courier; (c) telecopy, or (d) certified or registered mail, postage prepaid
to the address set forth below and shall be deemed given at the time of personal
delivery or, if by mail, as of the date of first attempted delivery:

<TABLE>
<S>                            <C>
             If to BANA, at:    Global Structured Products
                                NC1-007-06-07
                                100 North Tryon Street
                                Charlotte, NC 28255
                                Attn: Christopher L. Woolley
                                Telephone: 704-386-8574
                                Telecopy: 704-388-3336

             With a copy to:    Bank of America, N.A.
                                9 W. 57th Street
                                NY1-301-06-04
                                New York, NY 10019
                                Attn: Gabriella Morizio
                                Telephone: 212-933-2730
                                Telecopy: 212-933-2625

             If to Client, at:  Universal Forest Products RMS, LLC
                                c/o Universal Forest Products, Inc.
                                2801 East Beltline NE
                                Grand Rapids, MI 49525
                                Attn: Michael R. Cole, Chief Financial Officer
                                Telephone: 616-365-1540
                                Telecopy: 616-364-3136
</TABLE>

                                       15

<PAGE>

<TABLE>
<S>                            <C>
          If to Guarantor, at:  Universal Forest Products, Inc.
                                2801 East Beltline NE
                                Grand Rapids, MI 49525
                                Attn:  Michael R. Cole, Chief Financial Officer
                                Telephone:  616-364-1540
                                Telecopy:  616-364-3136
</TABLE>

         17. Account Statements. Absent manifest error, BANA's books and records
shall be admissible in evidence without objection as prima facie evidence of the
status of the accounts between BANA and Client.

         18. Confidential Information.

         The parties agree that the negotiation, existence and terms of this
Agreement shall constitute confidential information and each party shall keep
the existence and terms of this Agreement confidential. Without limiting the
foregoing, Client understands and acknowledges that the form and terms of this
Agreement are proprietary trade products of BANA that BANA desires to keep
confidential and Client agrees that except for disclosure on a confidential
basis to Client's accountants, attorneys and other professional advisors
retained by in connection with this Agreement or as may be required by law, the
form and terms of this Agreement shall not be disclosed by Client in whole or in
part to any other person or entity without BANA's prior written consent.

         The parties further agree that the information furnished by Client to
BofA regarding any Account Debtor, Client's relationship with such Account
Debtor and the goods and services furnished by Client to such Account Debtor
(including but not limited to any information delivered pursuant to Section
1(b)(iii)(dd) hereof) shall constitute confidential information. BofA agrees not
to disclose such information in whole or in part to any other person or entity
without Client's prior written consent, except for disclosure (i) on a
confidential basis to BofA's affiliates and employees who are involved in the
consummation of the transactions contemplated by this Agreement and to
accountants, attorneys and other professional advisors retained by BofA or its
affiliates in connection with this Agreement or in any way related to the
Purchased Receivables; (ii) as may be required by law; or (iii) of the name of
such Account Debtor, the amount of the related Purchased Receivable, the Minimum
and Maximum Invoice Tenor Period for such Purchased Receivable and the quantity
of goods purchased as specified in the Contract underlying such Purchased
Receivable (which disclosure may include delivery of the invoice underlying such
Purchased Receivable as required by the relevant hedge counterparty, in such
redacted form as approved by BofA and Client, such approvals not to be
unreasonably withheld) to the extent necessary to carry out any hedging activity
by BofA related to the Purchased Receivables or assignment by BofA of its rights
under this Agreement or in respect of the Purchased Receivables; provided that
any hedging counterparty or assignee agrees in writing, on terms approved in
advance by Client, to observe and preserve the confidentiality of any such
information so provided.

         Notwithstanding anything herein to the contrary, the information
subject to this Section 18 shall not include, and the parties hereto (including
their employees, representatives or other agents) may disclose, (i) without
limitation of any kind any information with respect to the "tax treatment" and
"tax structure" (in each case, within the meaning of Treasury Regulation Section
1.6011-4) of the transactions contemplated hereby and all materials of any kind
(including opinions or other tax analyses) that are provided to BANA or Client
relating to such tax treatment and tax structure; provided that with respect to
any document or similar item that in either case contains information concerning
the tax treatment or tax structure of the transactions as well as other
information, this sentence shall only apply to such portions of the document or
similar item that relate to the tax treatment or tax structure of the
transactions contemplated hereby; and (ii) any information regarding the
transactions and matters pertaining thereto, but only to the extent that the
same is required to be reported on the financial statements and other
information included in the public filings or disclosures of or by Guarantor and
its affiliates made pursuant to applicable provisions of state or federal
securities laws including, without limitation, the Securities

                                       16

<PAGE>

         Exchange Act of 1934, as amended; provided, however, the parties agree
that each Schedule A as well as all pricing information concerning this
transaction shall remain confidential.

         19. Miscellaneous.

                  (a) This Agreement shall be governed and construed in
         accordance with the laws of the State of New York without reference to
         the conflict of laws provisions thereof.

                  (b) Client shall not assign this Agreement without the prior
         written consent of BANA. This Agreement shall be deemed to be one of
         financial accommodation and not assumable by any debtor, trustee or
         debtor-in-possession in any bankruptcy proceeding without BANA's
         express written consent and may be suspended in the event a petition in
         bankruptcy is filed by or against Client.

                  (c) This Agreement shall be binding upon, and shall inure to
         the benefit of, the parties hereto and their respective heirs, legal
         representatives, successors and permitted assigns.

                  (d) This Agreement contains the entire agreement between the
         parties hereto regarding the subject matter hereof, excepting only
         assignments and schedules thereto that may be executed from time to
         time. This Agreement shall not be modified except by written instrument
         signed by all of the parties hereto.

                  (e) Client agrees to execute such further instruments as may
         be required by BANA to evidence the transactions contemplated herein.
         If any provision of this Agreement is found invalid, the remaining
         provisions of this Agreement shall not be affected thereby.

                  (f) Nothing set forth herein or otherwise shall render the
         parties partners of one another.

                  (g) Client acknowledges that there is no, and it will not seek
         or attempt to establish any, fiduciary relationship between BANA and
         Client on Client's behalf, and Client waives any right to assert, now
         or in the future, the existence or creation of any such fiduciary
         relationship between BANA and Client in any action or proceeding
         (whether by way of claim, counterclaim, crossclaim or otherwise) for
         damages.

                  (h) BANA agrees that notwithstanding anything to the contrary
         set forth herein, unless and until such time as an Event of Default or
         the Stated Termination Date shall have occurred and be continuing or
         any Purchased Receivable shall be more than 15 days past due, BANA
         shall not, and shall not cause Servicer to, contact any Account Debtor
         directly for any reason with respect to any Purchased Receivable.

                  (i) This Agreement may be executed in a number of identical
         counterparts, each of which shall be deemed an original for all
         purposes and all of which constitute, collectively, one agreement.

         20. Jury Trial Waiver; Jurisdiction. BANA AND CLIENT HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT EITHER MAY HAVE TO A TRIAL BY JURY
WITH RESPECT TO ANY LITIGATION BASED ON THIS AGREEMENT OR ANY TRANSACTIONS
CONTEMPLATED HEREIN, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR ANY RELATED DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO, OR TO ANY
RELATED DOCUMENT. THE PARTIES CONSENT TO JURISDICTION AND VENUE IN THE STATE OR
FEDERAL COURTS IN ANY CITY, COUNTY AND STATE OF NEW YORK. CLIENT FURTHER AGREES
TO WAIVE ANY RIGHT IT MAY HAVE TO SEEK A CHANGE OF VENUE

                                       17
<PAGE>

BASED ON INCONVENIENCE OF THE FORUM OR OTHERWISE. THIS PROVISION IS A MATERIAL
INDUCEMENT FOR THE PARTIES ENTERING INTO THE SUBJECT TRANSACTION.

         21. Guaranty. Guarantor is the indirect owner of Client through
Guarantor's wholly owned subsidiary that owns the sole membership interest in
Client. Guarantor hereby unconditionally and irrevocably guarantees to BANA the
due and punctual payment, performance and observance by Client and Servicer of
all of the terms, covenants, conditions, agreements and undertakings on the part
of Client and Servicer to be performed or observed under this Agreement,
including, without limitation, the punctual payment when due of all obligations
of Client and Servicer now or hereafter existing under this Agreement, whether
for indemnification payments, fees, expenses, repurchase obligations or
otherwise (all of the foregoing being collectively referred to as the
"Obligations"). In the event that Client or Servicer shall fail in any manner
whatsoever to perform or observe any of the Obligations when the same shall be
required to be performed or observed under this Agreement, then upon either
actual knowledge of an officer of Guarantor or demand of BANA, Guarantor shall
perform, cause to be performed or make payment to allow such Obligations to be
performed and shall fully indemnify and hold harmless BANA from and against any
and all damages, losses, claims, liabilities and costs and expenses, including
attorney's fees and disbursements awarded against or incurred by them or any of
them relating to such failure of Client or Servicer.

         Guarantor further agrees that nothing contained herein shall prevent
BANA from foreclosing on its security interest in or lien on any asset, if any,
or from exercising any other rights available to it under this Agreement or any
other instrument of security, if any, and the exercise of any of the aforesaid
rights and the completion of any foreclosure proceedings shall not constitute a
discharge of any of Guarantor's obligations hereunder; it being the purpose and
intent of Guarantor that its obligations hereunder shall be absolute,
independent and unconditional under any and all circumstances. Neither
Guarantor's obligations hereunder nor any remedy for the enforcement thereof
shall be impaired, modified, changed, released or limited in any manner
whatsoever by an impairment, modification, change, release or limitation of the
liability of Client or Servicer or by reason of the bankruptcy or insolvency of
Client or Servicer. The Guarantor waives any and all notice of the creation,
renewal, extension or accrual of or increase in any of the Obligations and
notice of or proof of reliance by BANA upon this Section 21 or acceptance of
this Section 21. This Agreement shall conclusively be deemed to have been
created, contracted or incurred, or renewed, extended, amended or waived, in
reliance upon this Section 21. All dealings between Client, Servicer and
Guarantor, on the one hand, and BANA, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon this
Section 21.

         Guarantor hereby waives any and all presentments, demands, notices, and
protests against Guarantor, and any requirement that BANA commence or exhaust
any remedies against Client or Servicer or any collateral securing the
Obligations. Guarantor's liability hereunder shall be unconditional irrespective
of (i) any lack of enforceability of the Obligations, (ii) any law, regulation
or order of any jurisdiction affecting any term of the Obligations or BANA's
rights with respect thereto, and (iii) any other circumstance which might
otherwise constitute a defense available to, or discharge of, Client, Servicer
or Guarantor. This guarantee is a guarantee of payment and performance and not
of collection and shall remain in full force and effect until payment in full of
the Obligations. The obligations of Guarantor under this Section 21 do rank and
will rank pari passu in priority of payment with all other unsecured and
unsubordinated obligations for borrowed money of Guarantor. Notwithstanding any
provision to the contrary contained herein, to the extent the obligations of
Guarantor shall be adjudicated to be invalid or unenforceable for any reason
(including, without limitation, because of any applicable state or federal law
relating to fraudulent conveyances or transfers) then the obligations of
Guarantor hereunder shall be limited to the maximum amount that is permissible
under applicable law (whether federal or state and including, without
limitation, the United States Bankruptcy Code).

                                       18

<PAGE>

         IN WITNESS WHEREOF, the undersigned have duly executed this Agreement
as of the date first above written.

         Bank of America, N.A.             Universal Forest Products RMS, LLC

         By:__________________________     By:__________________________
         Printed Name:  Chris Woolley      Printed Name:
         Title:   Managing Director        Title:

         Universal Forest Products, Inc.

         By:__________________________
         Printed Name:
         Title:

<PAGE>
                                                                         ANNEX I
                                                                              TO
                                                          2003-4 PARTS AGREEMENT

                                   DEFINITIONS

Account Debtor:                 Each person or entity obligated to pay any
                                Receivable.

Agreed Base Value:              With respect to any Purchased Receivables,
                                an amount equal to 92.5% of the aggregate
                                face value of such Purchased Receivables.

Agreement:                      The Program for Accounts Receivable Transfer
                                Agreement to which this Annex I is attached
                                (together with any applicable Schedule A), as
                                amended, restated, extended, supplemented or
                                otherwise modified in writing from time to
                                time.

Approved Account Debtor:        Any Account Debtor listed on a Schedule A
                                that has been executed by BANA.

BANA:                           As defined in the introductory paragraph of
                                the Agreement.

Blocked Account:                The deposit account numbered 8666115507 at
                                BANA for the purpose of receiving
                                Remittances on the Purchased Receivables,
                                which account is subject to the Blocked
                                Account Agreement.

Blocked Account                 A letter agreement between Client and BANA
Agreement:                      detailing their agreement with regard to control
                                of, and access to, the Blocked Account.

Client:                         As defined in the introductory paragraph of the
                                Agreement.

Collateral:                     As defined in Section 14 of the Agreement.

Credit Rating:                  With respect to Client or any Account Debtor,
                                such person's issuer or counterparty credit
                                rating as assigned by S&P, Moody's or any other
                                nationally recognized ratings agency. To the
                                extent applicable, the respective Credit Ratings
                                of Client and the relevant Account Debtor as of
                                the Effective Date are set forth on the
                                applicable Schedule A.

Credits:                        As defined in Section 4(b) of the Agreement.

Effective Date:                 The date set forth after such term on the
                                applicable Schedule A, which represents the
                                effective date of BANA's initial purchase of the
                                subject Receivables.

Event of Default:               As defined in Section 10 of the Agreement.

Financial Inability To Pay:     An Account Debtor's failure to pay a Purchased
                                Receivable as a result of a deterioration in
                                such Account Debtor's credit quality as
                                evidenced by an event where such Account Debtor
                                (A) (i) is dissolved (other than pursuant to a
                                consolidation, amalgamation or merger); (ii)
                                becomes insolvent or is unable to pay its debts
                                or fails or admits in writing its inability
                                generally to pay its debts as they become due;
                                (iii) makes a general assignment, arrangement or
                                composition with or for the benefit of its
                                creditors; (iv) institutes or has instituted
                                against it a proceeding seeking judgment of
                                insolvency or bankruptcy or any other relief
                                under any bankruptcy or insolvency law or other
                                similar law affecting creditor's rights, or a
                                petition is presented for its winding-up or
                                liquidation, and, in the case of any such
                                proceeding or petition instituted

                                        1

<PAGE>

                                or presented against it, such proceeding or
                                petition (aa) results in a judgment of
                                insolvency or bankruptcy or the entry of an
                                order for relief or the making of an order for
                                its winding-up or liquidation or (bb) is not
                                dismissed, discharged, stayed or restrained in
                                each case within 30 days of the institution or
                                presentation thereof; (v) has a resolution
                                passed for its winding-up, official management
                                or liquidation; (vi) seeks or becomes subject to
                                the appointment of an administrator, provisional
                                liquidation, conservator, receiver, trustee,
                                custodian or other similar official for it or
                                for all or substantially all its assets; (vii)
                                has a secured party take possession of all or
                                substantially all its assets or has a distress,
                                execution, attachment, sequestration or other
                                legal process levied, enforced or sued on or
                                against all or substantially all its assets and
                                such secured party maintains possession, or any
                                such process is not dismissed, discharged,
                                stayed or restrained, in each case within 30
                                days thereafter; (viii) causes or is subject to
                                any event with respect to it which, under the
                                applicable laws of any jurisdiction, has an
                                analogous effect to any of the events specified
                                in clauses (i) to (vii) (inclusive); or (ix)
                                takes any action in furtherance of, or
                                indicating its consent to, approval of, or
                                acquiescence in, any of the foregoing acts; or
                                (B) fails, after giving effect to any applicable
                                grace period of the relevant obligation(s) of
                                such Account Debtor (other than such Purchased
                                Receivable), to make, when due, any payments
                                equal to or exceeding $10,000,000.00 under such
                                obligations.

Incentive Servicing Fee:        As defined in Section 6(a) of the Agreement.

Maximum Invoice Tenor           The time period set forth after such term on the
Period:                         applicable Schedule A, which represents, in
                                connection with Receivables that BANA has
                                approved for purchase with respect to a specific
                                Approved Account Debtor, the maximum payment
                                terms (i.e., the time period following the
                                invoice date within which the Account Debtor
                                must pay the relevant invoice) afforded such
                                Account Debtor in any invoice evidencing such
                                Receivables.

Minimum Invoice Amount:         The amount set forth after such term on the
                                applicable Schedule A, which represents, in
                                connection with Receivables that BANA has
                                approved for purchase with respect to a specific
                                Approved Account Debtor, the minimum payment
                                amount specified in any invoice evidencing such
                                Receivables.

Minimum Invoice Tenor Period:   The time period set forth after such term on the
                                applicable Schedule A, which represents, in
                                connection with Receivables that BANA has
                                approved for purchase with respect to a specific
                                Approved Account Debtor, the minimum payment
                                terms (i.e., the time period following the
                                invoice date within which the Account Debtor
                                must pay the relevant invoice) afforded such
                                Account Debtor in any invoice evidencing such
                                Receivables.

Moody's:                        Moody's Investors Service, Inc. or any
                                successor.

Guarantor:                      Universal Forest Products, Inc., a corporation
                                organized under the laws of the state of
                                Michigan.

Past Due Grace Period:          The time period set forth after such term on the
                                applicable Schedule A, which represents, in
                                connection with Receivables that BANA has
                                approved for purchase with respect to a specific
                                Approved Account Debtor, the maximum past due
                                grace period (i.e., the time period following
                                the invoice due date within which Client will
                                accept payment on the relevant invoice without
                                affording Client the ability to charge the
                                Account Debtor a late fee, interest or other
                                penalties) afforded such Account Debtor in any
                                invoice evidencing such Receivables.

                                        2

<PAGE>

Purchase Price:                 As defined in Section 1(b)(1) of the Agreement.

Purchased Receivable:           Any Receivable (including a Replacement
                                Receivable) purchased by BANA pursuant to the
                                Agreement.

Receivables:                    All receivables, instruments, accounts, chattel
                                paper, payment intangibles, notes, contract
                                rights and general intangibles resulting from
                                Client's sale of products or services before, on
                                or after the date hereof.

Remittances:                    As defined in Section 1(b)(4) of the Agreement.

Replacement Receivables:        As defined in Section 1(b)(4) of the Agreement.
..
Required Amount:                The amount set forth after such term on the
                                applicable Schedule A, which represents the
                                stated value of Receivables that BANA has
                                approved for purchase with respect to a specific
                                Approved Account Debtor.

S&P:                            Standard & Poor's Ratings Services, a division
                                of The McGraw-Hill Companies, Inc., or any
                                successor.

Schedule A:                     Any applicable Schedule A (which may be denoted
                                Schedule A-1, etc.), in substantially the form
                                of Annex II to the Agreement, attached and/or
                                executed in connection with the Agreement, as
                                such schedule is amended, restated, extended,
                                supplemented or otherwise modified in writing
                                from time to time.

Servicer:                       As defined in Section 6(a) of the Agreement.

Servicer Default:               As defined in Section 6(e) of the Agreement.

Servicing Fee:                  With respect to Purchased Receivables under a
                                particular Schedule A, the amount determined by
                                multiplying (a) the Required Amount listed on
                                the applicable Schedule A times (b) a fraction,
                                the numerator of which shall be determined by
                                multiplying (x) the per annum percentage listed
                                as the Servicing Fee on the applicable Schedule
                                A times (y) the number of days in the period
                                from the relevant Effective Date to the relevant
                                Termination Date, and the denominator of which
                                shall be 360.

Stated Termination Date:        The date set forth after such term on the
                                applicable Schedule A, which represents the date
                                on or prior to which each Purchased Receivable
                                must be paid by the relevant Account Debtor in
                                accordance with the payment terms for such
                                Receivable.

Termination Date:               With respect to Purchased Receivables under a
                                particular Schedule A, the earlier of (a) the
                                applicable Stated Termination Date and (b) the
                                date specified in a writing from BANA to Client
                                (which date may be the date of such writing),
                                such earlier date being the date on and after
                                which Client can no longer use Remittances to
                                purchase Replacement Receivables.

                                        3

<PAGE>

                                     FORM OF
                                  SCHEDULE A-__

 Subject to Program for Accounts Receivable Transfer Agreement dated September
 22, 2003 executed by Client, Guarantor and Bank of America, N.A., the terms of
                   which are hereby incorporated by reference

            Subject to credit approval and satisfactory documentation

    Client signature below mandates Bank of America to initiate Due Diligence

Effective Date: [_________]

Stated Termination Date:        [_________]

Client/Initial Servicer:        Universal Forest Products RMS, LLC

Client's Credit Rating:         [_________]

Guarantor:                      Universal Forest Products, Inc.

Guarantor's Credit Rating:      [_________]

Account Debtor:                 [_________]

Account Debtor's Credit Rating: [_________]

Receivables:

         Required Amount:                            [$_________]
         Minimum Invoice Tenor Period:               [___] days
         Maximum Invoice Tenor Period:               [___] days
         Minimum Invoice Amount:                     $[__]
         Past Due Grace Period:                      [__________] days

Purchase Price:                 [_________]%

Servicing Fee:                  [_________]% per annum, paid in advance

Due Diligence Expenses:         For the account of Client/Initial Servicer

ACCEPTED AND AGREED:

<TABLE>
<CAPTION>
Bank of America, N.A.               Universal Forest Products          Universal Forest Products, Inc.
                                    RMS, LLC
<S>                               <C>                                 <C>
By:                                 By:                                By:
   ------------------------            -----------------------            -----------------------
Name:                               Name:                              Name:
     ----------------------              ---------------------              ---------------------
Title:                              Title:                             Title:
      ---------------------               --------------------               --------------------
</TABLE>
Prospective counterparties should conduct a thorough and independent review of
the legal, tax and accounting aspects of any proposed transaction to determine
its suitability in light of their particular circumstances. Although the
indicative information set forth above is reflective of the terms, as of the
specified date, under which Bank of America believes a contract might be
structured, no assurance can be given that such a contract will in fact be
executed. Purchase Price represents indicative pricing only; the actual Purchase
Price shall reflect market conditions at the time of closing.<PAGE>

                                                    (ACCOUNT -- WITH ACTIVATION)

                        DEPOSIT ACCOUNT CONTROL AGREEMENT

                  This Agreement is entered into as of September 22, 2003, among
Universal Forest Products RMS, LLC, a Michigan limited liability company
("Company"), Bank of America, N.A. (in its capacity as purchaser under the PARTS
Agreement dated as of September 22, 2003 (the "PARTS Agreement") among itself,
Company and Universal Forest Products, Inc.) (Bank of America, N.A., in such
capacity, is referred to herein as "PARTS Purchaser"), and Bank of America, N.A.
("Bank") with respect to the following:

                  A. Bank has agreed to establish and maintain for Company
deposit account number 8666115507 opened under the name "Universal Forest
Products RMS, LLC as trustee for Bank of America, N.A. pursuant to that certain
Program for Accounts Receivable Transfer Agreement dated as of September 22,
2003 among Universal Forest Products RMS, LLC, Universal Forest Products Inc.
and Bank of America, N.A." (the "Account").

                  B. Company has agreed to deposit into the Account certain
funds it holds in trust for PARTS Purchaser pursuant to the PARTS Agreement.

                  C. Notwithstanding the fact that Company holds the funds
deposited into the Account in trust for PARTS Purchaser pursuant to the PARTS
Agreement, Company has assigned to PARTS Purchaser a back-up security interest
in the Account and in checks and other payment instructions ("Checks") deposited
in the Account.

                  D. Company, PARTS Purchaser and Bank are entering into this
Agreement to evidence PARTS Purchaser's security interest in the Account and
such Checks and to provide for the disposition of net proceeds of Checks
deposited in the Account.

Accordingly, Company, PARTS Purchaser and Bank agree as follows:

1.       (a) This Agreement evidences PARTS Purchaser's control over the
Account. Notwithstanding anything to the contrary in the agreement between Bank
and Company governing the Account, Bank will comply with instructions originated
by PARTS Purchaser as set forth herein directing the disposition of funds in the
Account without further consent of the Company.

         (b) Company represents and warrants to PARTS Purchaser and Bank that it
has not assigned or granted a security interest in the Account or any Check
deposited in the Account, except to PARTS Purchaser.

         (c) Company will not permit the Account to become subject to any other
pledge, assignment, lien, charge or encumbrance of any kind, other than PARTS
Purchaser's security interest referred to herein.

2. During the Activation Period (as defined below), Bank shall prevent Company
from making any withdrawals from the Account. Prior to the Activation Period,
Company may operate and transact business through the Account in its normal
fashion, including making withdrawals from the Account, but covenants to PARTS
Purchaser it will not close the Account. Bank shall have no liability in the
event Company breaches this covenant to PARTS Purchaser. A reasonable period of
time following the commencement of the Activation Period, and continuing on each
Business Day thereafter, Bank shall transfer all collected and available
balances in the Account to PARTS Purchaser at its account specified in the
Notice (as defined

<PAGE>

below). The "Activation Period" means the period which commences within a
reasonable period of time not to exceed two Business Days after Bank's receipt
of a written notice from PARTS Purchaser in the form of Exhibit A (the
"Notice"). A "Business Day" is each day except Saturdays, Sundays and Bank
holidays. Funds are not available if, in the reasonable determination of Bank,
they are subject to a hold, dispute or legal process preventing their
withdrawal.

3. Bank agrees it shall not offset, charge, deduct or otherwise withdraw funds
from the Account, except as permitted by Section 4, until it has been advised in
writing by PARTS Purchaser that all of Company's obligations that are secured by
the Checks and the Account are paid in full. PARTS Purchaser shall notify Bank
promptly in writing upon payment in full of Company's obligations.

4. Bank is permitted to charge the Account:

                  (a) for its fees and charges relating to the Account or
associated with this Agreement; and

                  (b) in the event any Check deposited into the Account is
returned unpaid for any reason or for any breach of warranty claim.

5. (a) If the balances in the Account are not sufficient to compensate Bank for
any fees or charges due Bank in connection with the Account or this Agreement,
Company agrees to pay Bank on demand the amount due Bank. Company will have
breached this Agreement if it has not paid Bank, within five days after such
demand, the amount due Bank.

                  (b) If the balances in the Account are not sufficient to
compensate Bank for any returned Check, Company agrees to pay Bank on demand the
amount due Bank. If Company fails to so pay Bank immediately upon demand, PARTS
Purchaser agrees to pay Bank within five days after Bank's demand to PARTS
Purchaser to pay any amount received by PARTS Purchaser with respect to such
returned Check. The failure to so pay Bank shall constitute a breach of this
Agreement.

                  (c) Company hereby authorizes Bank, without prior notice, from
time to time to debit any other account Company may have with Bank for the
amount or amounts due Bank under subsection 5(a) or 5(b).

6. (a) Bank will send information regarding deposits to the Account to the
address specified below for Company or as otherwise specified in writing by
Company to Bank, and will send a copy of each such deposit advice to the address
specified below for PARTS Purchaser.

                  (b) In addition to the original Bank statement provided to
Company, Bank will provide PARTS Purchaser with a duplicate of such statement.

7. (a) Bank will not be liable to Company or PARTS Purchaser for any expense,
claim, loss, damage or cost ("Damages") arising out of or relating to its
performance under this Agreement other than those Damages which result directly
from its acts or omissions constituting negligence or intentional misconduct.

                  (b) In no event will Bank be liable for any special, indirect,
exemplary or consequential damages, including but not limited to lost profits.

                  (c) Bank will be excused from failing to act or delay in
acting, and no such failure or delay shall constitute a breach of this Agreement
or otherwise give rise to any liability of Bank, if (i) such

                                       2

<PAGE>

failure or delay is caused by circumstances beyond Bank's reasonable control,
including but not limited to legal constraint, emergency conditions, action or
inaction of governmental, civil or military authority, fire, strike, lockout or
other labor dispute, war, riot, theft, flood, earthquake or other natural
disaster, breakdown of public or private or common carrier communications or
transmission facilities, equipment failure, or negligence or default of Company
or PARTS Purchaser or (ii) such failure or delay resulted from Bank's reasonable
belief that the action would have violated any guideline, rule or regulation of
any governmental authority.

                  (d) Bank shall have no duty to inquire or determine whether
Company's obligations to PARTS Purchaser are in default or whether PARTS
Purchaser is entitled to provide the Notice to Bank. Bank may rely on notices
and communications it believes in good faith to be genuine and given by the
appropriate party.

                  (e) Notwithstanding any of the other provisions in this
Agreement, in the event of the commencement of a case pursuant to Title 11,
United States Code, filed by or against Company, or in the event of the
commencement of any similar case under then applicable federal or state law
providing for the relief of debtors or the protection of creditors by or against
Company, Bank may act as Bank deems necessary to comply with all applicable
provisions of governing statutes and shall not be in violation of this Agreement
as a result.

                  (f) Bank shall be permitted to comply with any writ, levy
order or other similar judicial or regulatory order or process concerning the
Account or any Check and shall not be in violation of this Agreement for so
doing.

8. Company and PARTS Purchaser shall jointly and severally indemnify Bank
against, and hold it harmless from, any and all liabilities, claims, costs,
expenses and damages of any nature (including but not limited to allocated costs
of staff counsel, other reasonable attorney's fees and any fees and expenses) in
any way arising out of or relating to disputes or legal actions concerning
Bank's provision of the services described in this Agreement. This section does
not apply to any cost or damage attributable to the gross negligence or
intentional misconduct of Bank. Company's and PARTS Purchaser's obligations
under this section shall survive termination of this Agreement.

9. Company and PARTS Purchaser shall jointly and severally pay to Bank, upon
receipt of Bank's invoice, all costs, expenses and attorneys' fees (including
allocated costs for in-house legal services) incurred by Bank in connection with
the enforcement of this Agreement and any instrument or agreement required
hereunder, including but not limited to any such costs, expenses and fees
arising out of the resolution of any conflict, dispute, motion regarding
entitlement to rights or rights of action, or other action to enforce Bank's
rights in a case arising under Title 11, United States Code. Company agrees to
pay Bank, upon receipt of Bank's invoice, all costs, expenses and attorneys'
fees (including allocated costs for in-house legal services) incurred by Bank in
the preparation and administration of this Agreement (including any amendments
hereto or instruments or agreements required hereunder).

10. Termination and Assignment of this Agreement shall be as follows:

                  (a) PARTS Purchaser may terminate this Agreement by providing
notice to Company and Bank that all of Company's obligations which are secured
by Checks and the Account are paid in full. PARTS Purchaser may also terminate
or it may assign this Agreement upon 30 day's prior written notice to Company
and Bank. Bank may terminate this Agreement upon 30 days' prior written notice
to Company and PARTS Purchaser. Company may not terminate this Agreement except
with the written consent of PARTS Purchaser and upon prior written notice to
Bank.

                                       3

<PAGE>

                  (b) Notwithstanding subsection 10(a), Bank may terminate this
Agreement at any time by written notice to Company and PARTS Purchaser if either
Company or PARTS Purchaser breaches any of the terms of this Agreement, or any
other agreement with Bank.

11. (a) Each party represents and warrants to the other parties that (i) this
Agreement constitutes its duly authorized, legal, valid, binding and enforceable
obligation; (ii) the performance of its obligations under this Agreement and the
consummation of the transactions contemplated hereunder will not (A) constitute
or result in a breach of its certificate or articles of incorporation, by-laws
or partnership agreement, as applicable, or the provisions of any material
contract to which it is a party or by which it is bound or (B) result in the
violation of any law, regulation, judgment, decree or governmental order
applicable to it; and (iii) all approvals and authorizations required to permit
the execution, delivery, performance and consummation of this Agreement and the
transactions contemplated hereunder have been obtained.

                  (b) The parties each agree that it shall be deemed to make and
renew each representation and warranty in subsection 11(a) on and as of each day
on which Company uses the services set forth in this Agreement.

12. (a) This Agreement may be amended only by a writing signed by Company, PARTS
Purchaser and Bank; except that Bank's charges are subject to change by Bank
upon 30 days' prior written notice to Company.

                  (b) This Agreement may be executed in counterparts; all such
counterparts shall constitute but one and the same agreement.

                  (c) This Agreement controls in the event of any conflict
between this Agreement and any other document or written or oral statement. This
Agreement supersedes all prior understandings, writings, proposals,
representations and communications, oral or written, of any party relating to
the subject matter hereof.

                  (d) This Agreement shall be interpreted in accordance with
North Carolina law without reference to that state's principles of conflicts of
law.

13. Any written notice or other written communication to be given under this
Agreement shall be addressed to each party at its address set forth on the
signature page of this Agreement or to such other address as a party may specify
in writing. Except as otherwise expressly provided herein, any such notice shall
be effective upon receipt.

14. Nothing contained in the Agreement shall create any agency, fiduciary, joint
venture or partnership relationship between Bank and Company or PARTS Purchaser.

                                       4

<PAGE>

                  In WITNESS WHEREOF, the parties hereto have executed this
Agreement by their duly authorized officers as of the day and year first above
written.

UNIVERSAL FOREST PRODUCTS RMS, LLC
("COMPANY")

By:   _______________________________________     Address for notices:
Name: _______________________________________     Universal Forest Products
Title:_______________________________________     RMS, LLC
                                                  2801 East Beltline NE
                                                  Grand Rapids, MI 49525
                                                  Attn:  Michael R. Cole, Chief
                                                  Financial Officer
                                                  Telephone:  616-364-1540
                                                  Telecopy:  616-364-3136

BANK OF AMERICA, N.A. (in its capacity as PARTS
Purchaser)
("PARTS PURCHASER")

By:   _______________________________________     Address for notices:
Name: _______________________________________     Global Structured Products
Title:_______________________________________     NC1-007-06-07
                                                  100 North Tryon Street
                                                  Charlotte, NC 28255
                                                  Attn:  Christopher L. Woolley
                                                  Telephone:  704-386-8574
                                                  Telecopy:    704-388-3336

                                                  With a copy to:

                                                  Bank of America, N.A.
                                                  9 W. 57th Street
                                                  NY1-301-06-04
                                                  New York, NY 10019
                                                  Attn: Gabriella Morizio
                                                  Telephone:  212-933-2730
                                                  Telecopy:  212-933-2625

                                       5

<PAGE>

BANK OF AMERICA, N.A.
("BANK")

By:   _______________________________________     Address for notices:
Name: _______________________________________     Bank of America, N.A.
Title:_______________________________________     IL1-231-06-09
                                                  231 S. La Salle
                                                  Chicago, IL  60604
                                                  Attn: Richard Dominguez
                                                  Telephone: 312-828-1641
                                                  Telecopy: 312-974-9250

                                                  With a copy to:

                                                  Bank of America, N.A.
                                                  IL 1-231-06-35
                                                  231 S. La Salle
                                                  Attn: Sharon Sadilek
                                                  Telephone: 312-828-9027
                                                  Telecopy: 312-974-2109

                                       6

<PAGE>

                                                                       EXHIBIT A
                                               DEPOSIT ACCOUNT CONTROL AGREEMENT

                         [Letterhead of PARTS Purchaser]

To:   Bank of America, N.A.
      [Address]

                  Re:      Universal Forest Products RMS, LLC as trustee for
                           Bank of America, N.A. pursuant to that certain
                           Program for Accounts Receivable Transfer Agreement
                           dated as of September __, 2003 among Universal Forest
                           Products RMS, LLC, Universal Forest Products Inc. and
                           Bank of America, N.A.

                           Account No. 8666115507

Ladies and Gentlemen:

         Reference is made to the Deposit Account Control Agreement dated
September ___, 2003 (the "Agreement") among Universal Forest Products RMS, LLC
("Company"), us (in our capacity as purchaser under the PARTS Agreement dated as
of September 22, 2003 among us, Company and Universal Forest Products, Inc.)
("PARTS Purchaser") and you regarding the above-described account (the
"Account"). In accordance with Section 2 of the Agreement, we hereby give you
notice of our exercise of control of the Account and we hereby instruct you to
transfer funds to our account as follows:

         Bank Name:         ________________________________________
         ABA No.:           ________________________________________
         Account Name:      ________________________________________
         Account No.:       ________________________________________

                              Very truly yours,

                              Bank of America, N.A. (in its capacity as PARTS
                              Purchaser)

                              By:    ________________________________________
                              Name:  ________________________________________
                              Title: ________________________________________

                                       7

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