Document:

Exhibit 4.11

               CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,

                        as Depositor and Administrator

                                     and

                     CHASE CREDIT CARD OWNER TRUST 2001-4

                                  as Issuer

                                   DEPOSIT
                                     AND
                           ADMINISTRATION AGREEMENT

                          Dated as of August 1, 2001.
<PAGE>

                              TABLE OF CONTENTS

                                  ARTICLE I
                                 DEFINITIONS

SECTION 1.1 Definitions .....................................................1
SECTION 1.2 Usage of Terms ..................................................1

                                  ARTICLE II
                            DEPOSIT OF CERTIFICATE

SECTION 2.1 Deposit of Certificate and Initial Deposit ......................1
SECTION 2.2 Closing .........................................................2
SECTION 2.3 Books and Records ...............................................2
SECTION 2.4 Holder of the Series Certificate ................................3

                                 ARTICLE III
                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

SECTION 3.1 Representations and Warranties of Depositor .....................3

                                  ARTICLE IV
                                ADMINISTRATION

SECTION 4.1 Duties as Administrator .........................................5
SECTION 4.2 Records ........................................................12
SECTION 4.3 [Reserved] .....................................................12
SECTION 4.4 Additional Information To Be Furnished to Issuer ...............12
SECTION 4.5 Independence of Administrator ..................................12
SECTION 4.6 No Joint Venture ...............................................12
SECTION 4.7 Other Activities of Administrator ..............................12

                                  ARTICLE V
                                 TERMINATION

SECTION 5.1 Term of Agreement; Resignation and Removal of Administrator ....13
SECTION 5.2 Action upon Termination, Resignation or Removal ................15

                                  ARTICLE VI
                                MISCELLANEOUS

SECTION 6.1 Notices ........................................................15
SECTION 6.2 Amendments .....................................................16
SECTION 6.3 Protection of Title to Owner Trust .............................17

                                      i
<PAGE>

SECTION 6.4 Successors and Assigns .........................................18
SECTION 6.5 GOVERNING LAW ..................................................18
SECTION 6.6 Headings .......................................................18
SECTION 6.7 Counterparts ...................................................18
SECTION 6.8 Severability ...................................................18
SECTION 6.9 Not Applicable to Chase Manhattan Bank USA, National
            Association in Other Capacities ................................18
SECTION 6.10 Limitation of Liability of Owner Trustee, Indenture Trustee
             and Administrator ..............................................18
SECTION 6.11 Third-Party Beneficiary .......................................19
SECTION 6.12 Nonpetition Covenants .........................................19
SECTION 6.13 Liability of Administrator ....................................20

Exhibit A Power of Attorney.

                                      ii
<PAGE>

     This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of August 1, 2001 (as
amended, supplemented or otherwise modified and in effect from time to time,
this "Agreement"), is made between CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION, a national banking association having its principal executive
offices located at 802 Delaware Avenue, Wilmington, Delaware 19801 ("Chase
USA," the "Transferor" or the "Depositor" in its respective capacities as
such), and WILMINGTON TRUST COMPANY, not in its individual capacity but solely
as Owner Trustee of Chase Credit Card Owner Trust 2001-4, a Delaware common
law trust, as issuer (the "Issuer").

                            W I T N E S S E T H :
                            -------------------

     In consideration of the premises and of the mutual agreements herein
contained, the parties hereto agree as follows:

                                  ARTICLE I

                                 DEFINITIONS

     SECTION 1.1 Definitions. Whenever used in this Agreement, words and
phrases, unless defined herein or the context otherwise requires, shall have
the meanings set forth in the Indenture.

     SECTION 1.2 Usage of Terms. With respect to all terms in this Agreement,
the singular includes the plural and the plural the singular; words importing
any gender include the other gender; references to "writing" include printing,
typing, lithography, and other means of reproducing words in a visible form;
references to agreements and other contractual instruments include all
subsequent amendments thereto or changes therein entered into in accordance
with their respective terms and not prohibited by this Agreement; references
to Persons include their permitted successors and assigns; and the term
"including" means "including without limitation." All references herein to
Articles, Sections, Subsections and Exhibits are references to Articles,
Sections, Subsections and Exhibits contained in or attached to this Agreement
unless otherwise specified, and each such Exhibit is part of the terms of this
Agreement.

                                  ARTICLE II

                            DEPOSIT OF CERTIFICATE

     SECTION 2.1 Deposit of Certificate and Initial Deposit. (a) In
consideration of the Issuer's delivery of the Notes to and upon the order of
the Depositor, the Depositor does hereby transfer, assign, set-over, pledge
and otherwise convey to the Issuer, without recourse (subject to the
Depositor's obligations herein), all right, title, and interest of the
Depositor in, to and under (i) the Series Certificate, and all money,
instruments, investment property and other property (together with all
earnings, dividends, distributions, income, issues, and profits relating
thereto), distributed or distributable in respect of the Series Certificate
pursuant to the terms of

<PAGE>

the Series Supplement and the Pooling and Servicing Agreement after the
Closing Date and (ii) the initial deposit to the Owner Trust Spread Account in
the amount of $8,928,570 on the Closing Date.

     This Agreement also shall be deemed to be, and hereby is, a security
agreement within the meaning of the UCC, and the conveyance by the Depositor
provided for in this Agreement shall be deemed to be and hereby is a grant by
the Depositor to the Issuer of a security interest in and to all of the
Depositor's right, title and interest, whether now owned or hereafter
acquired, in, to and under all accounts, general intangibles, chattel paper,
instruments, documents, money, deposit accounts, arising from, or relating to
the Series Certificate and the proceeds thereof, to secure the rights of the
Issuer under this Agreement and the obligations of the Depositor hereunder.
The Depositor and the Issuer shall, to the extent consistent with this
Agreement, take such actions as may be necessary to ensure that the security
interest in the Series Certificate created hereunder will be a perfected
security interest of first priority under applicable law and will be
maintained as such throughout the term of this Agreement.

     It is the intention of the Depositor and the Issuer that (a) the
assignment and transfer herein contemplated constitute a sale of the Series
Certificate, conveying good title thereto free and clear of any liens and
encumbrances, from the Depositor to the Issuer and (b) the Series Certificate
not be part of the Depositor's estate in the event of an insolvency of the
Depositor. In the event that such conveyance is deemed to be a pledge to
secure a loan, the Depositor hereby grants to the Issuer a first priority
perfected security interest in all of the Depositor's right, title and
interest in, to and under the Series Certificate, and in all proceeds of the
foregoing, to secure the loan deemed to be made in connection with such pledge
and, in such event, this Agreement shall constitute a security agreement under
applicable law.

          (b) To the extent that the Depositor retains any interest in the
     Series Certificate, the Depositor hereby grants to the Indenture Trustee
     for the benefit of the Holders of the Notes a security interest in all of
     the Depositor's right, title, and interest, whether now owned or
     hereafter acquired, in, to, and under all accounts, general intangibles,
     chattel paper, instruments, documents, money, deposit accounts,
     certificates of deposit, goods, letters of credit, advices of credit, and
     investment property consisting of, arising from, or relating to the
     Series Certificate and the proceeds thereof (collectively, the
     "Indenture Collateral"), to secure the performance of all of the
     obligations of the Depositor under the Indenture and the other Basic
     Documents. With respect to the Indenture Collateral, the Indenture
     Trustee shall have all of the rights it has under the Indenture and the
     other Basic Documents. The Indenture Trustee shall have all of the rights
     of a secured creditor under the UCC in New York and the UCC in Delaware.

     SECTION 2.2 Closing. The sale of the Series Certificate shall take place
at the offices of Simpson Thacher & Bartlett, New York, New York on the
Closing Date, simultaneously with the closing of the other transactions
contemplated by the Basic Documents.

     SECTION 2.3 Books and Records.

          (a) In connection with the transfer, assignment, set-over, pledge
     and conveyance set forth in Section 2.1, the Depositor agrees to record
     and file, at its own

                                      2
<PAGE>

     expense, any financing statements (and continuation statements with
     respect to such financing statements when applicable) required to be
     filed with respect to the Series Certificate assigned by the Depositor
     hereunder, meeting the requirements of applicable state law in such
     manner and in such jurisdictions as are necessary under applicable law to
     perfect the transfer, assignment, set-over, pledge and conveyance of the
     Series Certificate to the Issuer, and to deliver a file-stamped copy of
     such financing statements or other evidence of such filings to the Issuer
     on or prior to the Closing Date (excluding such continuation and similar
     statements, which shall be delivered promptly after filing).

          (b) In connection with the transfer, assignment, set-over, pledge
     and conveyance hereunder, the Depositor further agrees, at its own
     expense, on or prior to the Closing Date to cause the Master Trust
     Trustee to register the Issuer as the registered owner of the Series
     Certificate.

     SECTION 2.4 Holder of the Series Certificate. For so long as the Series
Certificate is pledged to the Indenture Trustee under the Indenture, the
Indenture Trustee initially shall be deemed to be the holder of the Series
Certificate for all purposes under the Pooling and Servicing Agreement and the
Series Supplement. To the extent the Series Certificate is sold or otherwise
transferred, subject to the provisions of Section 5.4 of the Indenture and
Section 16 of the Series Supplement, to a third-party in connection with the
sale or liquidation of the Owner Trust Estate pursuant to the provisions of
the Indenture, such transferee shall be deemed to be the holder of the Series
Certificate for all purposes under the Pooling and Servicing Agreement and the
Series Supplement.

                                 ARTICLE III

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

     SECTION 3.1 Representations and Warranties of Depositor. The Depositor
makes the following representations and warranties with respect to the Series
Certificate on which the Issuer is deemed to have relied in acquiring the
Series Certificate. Such representations and warranties speak as of the
execution and delivery of this Agreement, but shall survive the transfer and
assignment of the Series Certificate to the Issuer and the pledge thereof to
the Indenture Trustee pursuant to the Indenture.

          (a) Title. It is the intention of the Depositor (i) that the
     transfer contemplated in subsection 2.1(a) herein constitute either (A) a
     sale of the Series Certificate, or (B) a grant of a valid and continuing
     security interest therein from the Depositor to the Issuer which security
     interest is prior to all other Liens and is enforceable against creditors
     and purchasers from the Depositor and (ii) to the extent that the
     Depositor retains any interest in the Series Certificate after the
     transfer contemplated by subsection 2.1(a) herein, that the grant
     contemplated in subsection 2.1(b) herein constitute a grant of a
     perfected security interest therein from the Depositor to the Indenture
     Trustee for the benefit of the Holders of the Notes and that the
     beneficial interest in the title to the Series Certificate not be part of
     the debtor's estate in the event of the filing of a bankruptcy petition
     by or against the Depositor under any bankruptcy law. Other than

                                      3
<PAGE>

     pursuant to this Agreement, the Series Certificate has not been sold,
     transferred, assigned or pledged by the Depositor to any Person.
     Immediately prior to the transfer and assignment herein contemplated, the
     Depositor owned and had good and marketable title to the Series
     Certificate, free and clear of all Liens, claims, rights or encumbrances
     of others and, immediately upon the transfer thereof, the Issuer shall
     have good and marketable title to the Series Certificate, free and clear
     of all liens, claims, rights or encumbrances of others or a first
     priority perfected security interest therein. The Depositor has not
     authorized the filing of and is not aware of any financing statements
     against the Depositor that include a description of collateral covering
     the Series Certificate other than any financing statement relating to the
     security interest granted to the Issuer hereunder or the security
     interest granted by the Issuer to the Indenture Trustee. The Depositor
     has no actual knowledge of any current statutory or other non-consensual
     liens, including any judgment or tax lien filings against the Debtor, to
     which the Series Certificate is subject.

          (b) Certificated Security. The Series Certificate constitutes a
     "certificated security" within the meaning of the applicable UCC.

          (c) Delivery of Series Certificate. The sole original executed copy
     of the Series Certificate has been delivered to the Issuer and has been
     registered in the name of the Issuer. The Series Certificate has no marks
     or notations indicating that it has been pledged, assigned or otherwise
     conveyed to any Person other than the Issuer, provided that the Series
     Certificate with an undated bond power covering the Series Certificate,
     duly executed by the Issuer and endorsed in blank, shall be delivered to
     the Indenture Trustee, and the Indenture Trustee shall maintain
     possession of the Series Certificate for the benefit of the Holders of
     the Notes, subject to the terms of the Indenture.

          (d) No Consents Required. All approvals, authorizations, consents,
     orders or other actions of any Person or of any Governmental Authority
     required in connection with the execution and delivery by the Depositor
     of this Agreement or any other Basic Document, the performance by the
     Depositor of the transactions contemplated by this Agreement or any other
     Basic Document and the fulfillment by the Depositor of the terms hereof
     and thereof have been obtained or have been completed and are in full
     force and effect (other than approvals, authorizations, consents, orders
     and other actions which if not obtained or completed or in full force or
     effect would not have a material adverse effect on the Depositor or the
     Issuer or upon the collectibility of the proceeds from the Series
     Certificate or upon the ability of the Depositor to perform its
     obligations under this Agreement).

          (e) Transfers Comply. Each of (i) the transfer of the Series
     Certificate by the Depositor to the Issuer pursuant to the terms of this
     Agreement, (ii) the pledge of the Series Certificate by the Depositor to
     the Indenture Trustee for the benefit of the Holders of the Notes
     pursuant to the terms of this Agreement, and (iii) the pledge of the
     Series Certificate by the Issuer to the Indenture Trustee pursuant to the
     terms of the Indenture, comply with the provisions of the Pooling and
     Servicing Agreement and the Series Supplement relating to the transfers
     of the Series Certificate.

                                      4
<PAGE>

          (f) All Actions Taken. All actions necessary under the applicable
     UCC in any jurisdiction to be taken (i) to give the Issuer a first
     priority perfected security interest or ownership interest in the Series
     Certificate, and (ii) to give the Indenture Trustee a first priority
     perfected security interest therein (including, without limitation, UCC
     filings with the Delaware Secretary of State), in each case subject to
     any statutory or other non-consensual liens with respect to the Series
     Certificate, have been taken. The Depositor has no actual knowledge of
     any current statutory or other non-consensual liens to which the Series
     Certificate is subject.

                                  ARTICLE IV

                                ADMINISTRATION

          SECTION 4.1 Duties as Administrator.

     (a) Duties with Respect to the Basic Documents. The Administrator agrees
to perform all its duties as Administrator hereunder. The Administrator shall
monitor the performance of the Issuer and shall advise the Issuer and the
Owner Trustee when action is necessary to comply with the Issuer's duties
under the Indenture or with the Owner Trustee's duties under the Trust
Agreement. The Administrator shall prepare for execution by the Issuer or the
Owner Trustee or shall cause the preparation by other appropriate persons of
all such documents, reports, filings, instruments, certificates and opinions
as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or
deliver pursuant to the Basic Documents or under applicable law (including tax
and securities laws). In furtherance of the foregoing, the Administrator shall
take all appropriate action that it is the duty of the Issuer or the Owner
Trustee to take pursuant to this Agreement or the Indenture including, without
limitation, such of the foregoing as are required with respect to the
following matters under this Agreement and the Indenture (references are to
sections of the Indenture):

               (i) the preparation of or obtaining of the documents and
          instruments required for authentication of the Notes, if any, and
          delivery of the same to the Indenture Trustee (Sections 2.2 and
          2.3);

               (ii) the duty to cause the Note Register to be kept and to give
          the Indenture Trustee notice of any appointment of a new Note
          Registrar and the location, or change in location, of the Note
          Register and the office or offices where Notes may be surrendered
          for registration of transfer or exchange (Section 2.4);

               (iii) the notification of Noteholders of the final principal
          payment on their Notes (subsection 2.7(h));

               (iv) the preparation, obtaining or filing of the instruments,
          opinions and certificates and other documents required for the
          release of collateral (Section 2.9);

                                      5
<PAGE>

               (v) the preparation of Definitive Notes and arranging the
          delivery thereof (Section 2.12);

               (vi) the duty to cause newly appointed Paying Agents, if any,
          to deliver to the Indenture Trustee the instrument specified in the
          Indenture regarding funds held in trust (Section 2.14);

               (vii) to select Reference Banks, if necessary, or other banks
          from which quotes are obtained for the purpose of determining LIBOR
          (Section 2.16);

               (viii) the maintenance of an office or agency in the City of
          New York for registration of transfer or exchange of Notes (Section
          3.2);

               (ix) the direction to Paying Agents to pay to the Indenture
          Trustee all sums held in trust by such Paying Agents (Section 3.3);

               (x) the obtaining and preservation of the Issuer's
          qualification to do business in each jurisdiction in which such
          qualification is or shall be necessary to protect the validity and
          enforceability of the Indenture, the Notes, the Collateral and each
          other instrument and agreement included in the Owner Trust Estate
          (Section 3.4);

               (xi) the preparation of all supplements, amendments, financing
          statements, continuation statements, if any, instruments of further
          assurance and other instruments, in accordance with Section 3.5 of
          the Indenture, necessary to protect the Owner Trust Estate (Section
          3.5);

               (xii) the obtaining of the Opinion of Counsel on the Closing
          Date and the annual delivery of Opinions of Counsel, in accordance
          with Section 3.6 of the Indenture, as to the Owner Trust Estate, and
          the annual delivery of the Officer's Certificate and certain other
          statements, in accordance with Section 3.9 of the Indenture, as to
          compliance with the Indenture (Sections 3.6 and 3.9);

               (xiii) the identification to the Indenture Trustee in an
          Officer's Certificate of a Person with whom the Issuer has
          contracted to perform its duties under the Indenture (subsection
          3.7(b));

               (xiv) the notification of the Indenture Trustee, the Class A
          Swap Counterparty and the Note Rating Agencies of a Master Trust
          Servicer Default pursuant to the Pooling and Servicing Agreement
          and, if such Master Trust Servicer Default arises from the failure
          of the Servicer to perform any of its duties under the Pooling and
          Servicing Agreement, the taking of all reasonable steps available to
          remedy such failure (subsection 3.7(d));

                                      6
<PAGE>

               (xv) the preparation and obtaining of documents and instruments
          required for the release of the Issuer from its covenants and
          agreements under the Indenture (subsection 3.11(b));

               (xvi) the delivery of notice to the Indenture Trustee and the
          Class A Swap Counterparty of each Event of Default and each default
          by the Depositor under this Agreement (Section 3.18);

               (xvii) the taking of such further acts as may be reasonably
          necessary or proper to carry out more effectively the purpose of the
          Indenture or to compel or secure the performance and observance by
          the Depositor of its obligations under this Agreement (Sections 3.19
          and 5.16);

               (xviii) the monitoring of the Issuer's obligations as to the
          satisfaction and discharge of the Indenture and the preparation of
          an Officer's Certificate and the obtaining of the Opinion of Counsel
          and the Independent Certificate relating thereto (Section 4.1);

               (xix) the compliance with any written directive of the
          Indenture Trustee with respect to the sale of the Owner Trust Estate
          if an Event of Default shall have occurred and be continuing
          (Section 5.4);

               (xx) providing the Indenture Trustee with the information
          necessary to deliver to each Noteholder such information as may be
          reasonably required to enable such Holder to prepare its United
          States federal and state, local income or franchise tax returns
          (Section 6.6);

               (xxi) the preparation and delivery of notice to Noteholders and
          the Class A Swap Counterparty of the removal of the Indenture
          Trustee and the appointment of a successor Indenture Trustee
          (Section 6.8);

               (xxii) the preparation of any written instruments required to
          confirm more fully the authority of any co-trustee or separate
          trustee and any written instruments necessary in connection with the
          resignation or removal of the Indenture Trustee or any co-trustee or
          separate trustee (Sections 6.8 and 6.10);

               (xxiii) the furnishing of the Indenture Trustee with the names
          and addresses of Noteholders during any period when the Indenture
          Trustee is not the Note Registrar (Section 7.1);

               (xxiv) the preparation and, after execution by the Issuer, the
          filing with the Commission and any applicable state agencies and the
          Indenture Trustee of documents required to be filed on a periodic
          basis with, and summaries thereof as may be required by rules and
          regulations prescribed by, the Commission and any applicable state
          agencies and the transmission of such summaries, as necessary, to
          the Noteholders (Section 7.4);

                                      7
<PAGE>

               (xxv) the obtaining of an Officer's Certificate, Opinion of
          Counsel and Independent Certificates, if necessary, for the release
          of the Owner Trust Estate as defined in the Indenture (Sections 8.4
          and 8.5);

               (xxvi) the preparation of Issuer Orders and Issuer Requests and
          the obtaining of Opinions of Counsel with respect to the execution
          of supplemental indentures and the mailing to the Noteholders of
          notices with respect to such supplemental indentures (Sections 9.1
          and 9.2);

               (xxvii) the execution of new Notes conforming to any
          supplemental indenture (Section 9.5);

               (xxviii) providing the Indenture Trustee with the form of
          notice necessary to deliver the notification of Noteholders of
          redemption of the Notes (Section 10.2);

               (xxix) the preparation of all Officer's Certificates, Opinions
          of Counsel and Independent Certificates with respect to any requests
          by the Issuer to the Indenture Trustee to take any action under the
          Indenture (Section 11.1(a));

               (xxx) the preparation and delivery of Officer's Certificates
          and the obtaining of Independent Certificates, if necessary, for the
          release of property from the lien of the Indenture (Section
          11.1(b));

               (xxxi) the preparation and delivery to the Noteholders and the
          Indenture Trustee of any agreements with respect to alternate
          payment and notice provisions (Section 11.6); and

               (xxxii) the recording of the Indenture, if applicable (Section
          11.15).

               (b) Additional Duties.

               (i) In addition to the duties of the Administrator set forth
          above, the Administrator shall keep all books and records, perform
          such calculations and shall prepare for execution by the Issuer or
          the Owner Trustee or shall cause the preparation by other
          appropriate persons of all such documents, reports, filings,
          instruments, certificates and opinions as it shall be the duty of
          the Issuer or the Owner Trustee to keep, perform, prepare, file or
          deliver pursuant to any of the Basic Documents and at the request of
          the Owner Trustee shall take all appropriate action that it is the
          duty of the Issuer or the Owner Trustee to take pursuant to the
          Basic Documents. Subject to Section 5 of this Agreement, and in
          accordance with the directions of the Owner Trustee, the
          Administrator shall administer, perform or supervise the performance
          of such other activities in connection with the Owner Trust Estate
          (including the Basic Documents) as are not covered by any of the
          foregoing provisions and as are expressly requested by the Owner
          Trustee and are reasonably within the capability of the
          Administrator.
                                      8
<PAGE>

               (ii) Notwithstanding anything in this Agreement or the other
          Basic Documents to the contrary, the Administrator shall be
          responsible for promptly notifying the Indenture Trustee in the
          event that any withholding tax is imposed on the Issuer's payments
          (or allocations of income) to a Noteholder. Any such notice shall
          specify the amount of any withholding tax required to be withheld by
          the Owner Trustee pursuant to such provision.

               (iii) Notwithstanding anything in this Agreement or the other
          Basic Documents to the contrary, the Administrator shall be
          responsible for (A) performance of the duties of the Owner Trustee
          and the Issuer set forth in Sections 2.7, 2.10, 2.11, 2.12, 2.13(d),
          5.16, 6.7, 6.10, and 10.1 of the Indenture with respect to, among
          other things, accounting and reports to the Certificateholder and
          the maintenance of certain accounts and (B) the preparation,
          execution and filing of all documents required by tax and securities
          laws relating to the Issuer.

               (iv) The Administrator may satisfy its obligations with respect
          to clauses (ii) and (iii) above by retaining, at the expense of the
          Administrator, a firm of independent public accountants (the
          "Accountants") acceptable to the Indenture Trustee which shall
          perform the obligations of the Administrator thereunder.

               (v) The Administrator shall perform the duties of the
          Administrator specified in Sections 9.2 and 9.3 of the Trust
          Agreement required to be performed in connection with the
          resignation or removal of the Owner Trustee, the duties of the
          Administrator specified in Section 9.5 of the Trust Agreement
          required to be performed in connection with the appointment and
          payment of co-Trustees, and any other duties expressly required to
          be performed by the Administrator under the Trust Agreement.

               (vi) In carrying out the foregoing duties or any of its other
          obligations under this Agreement, the Administrator may enter into
          transactions with or otherwise deal with any of its Affiliates;
          provided, however, that the terms of any such transactions or
          dealings shall be in accordance with any directions received from
          the Issuer and shall be, in the Administrator's opinion, no less
          favorable to the Issuer than would be available from unaffiliated
          parties.

               (vii) It is the intention of the parties hereto that the
          Administrator shall, and the Administrator hereby agrees to, execute
          on behalf of the Issuer or the Owner Trustee all such documents,
          reports, filings, instruments, certificates and opinions as it shall
          be the duty of the Issuer or the Owner Trustee to prepare, file or
          deliver pursuant to the Basic Documents. In furtherance thereof, the
          Owner Trustee shall, on behalf of itself and of the Issuer, execute
          and deliver to the Administrator, and to each successor
          Administrator appointed pursuant to the terms hereof, one or more
          powers of attorney substantially in the form of Exhibit A hereto,
          appointing the Administrator the attorney-in-fact of the Owner
          Trustee and the Issuer for the purpose of executing on behalf of the
          Owner

                                      9
<PAGE>

          Trustee and the Issuer all such documents, reports, filings,
          instruments, certificates and opinions.

     (c) Non-Ministerial Matters. (i) With respect to matters that in the
reasonable judgment of the Administrator are non-ministerial, the
Administrator shall not take any action unless within a reasonable time before
the taking of such action, the Administrator shall have notified the Owner
Trustee of the proposed action and the Owner Trustee shall not have withheld
consent or provided an alternative direction. For the purpose of the preceding
sentence, "non-ministerial matters" shall include, without limitation:

     (A) the initiation of any claim or lawsuit by the Issuer and the
compromise of any action, claim or lawsuit brought by or against the Issuer
(other than in connection with the collection of the Receivables);

     (B) the amendment, change or modification of the Basic Documents;

     (C) the appointment of successor Note Registrars, successor Paying Agents
and successor Indenture Trustees pursuant to the Indenture or the appointment
of successor Administrators or the consent to the assignment by the Note
Registrar, the Paying Agent or the Indenture Trustee of its obligations under
the Indenture; and

     (D) the removal of the Indenture Trustee.

          (ii) Notwithstanding anything to the contrary in this Agreement, the
     Administrator shall not be obligated to, and shall not, (x) make any
     payments to the Noteholders or the Certificateholder under the Basic
     Documents, (y) sell the Owner Trust Estate pursuant to the Indenture
     other than pursuant to a written directive of the Indenture Trustee or
     (z) take any action that the Issuer directs the Administrator not to take
     on its behalf.

     (d) Reports by the Administrator. On or prior to each Transfer Date, the
Administrator will provide to the Indenture Trustee for the Indenture Trustee
to forward to each Noteholder of record, and to the Class A Swap Counterparty
and the Owner Trustee, a statement setting forth (to the extent applicable)
the following information as to the Notes with respect to the related Payment
Date or the period since the previous Payment Date, as applicable:

          (i) the amount of the Net Swap Payment and the Net Swap Receipt;

          (ii) the amount of the distribution allocable to principal of the
     Notes;

          (iii) the amount of the distribution allocable to interest on or
     with respect to the Notes;

                                      10
<PAGE>

          (iv) the aggregate outstanding principal balance of the Notes after
     giving effect to all payments reported under clause (ii) above on such
     date; and

          (v) the amount, if any, on deposit in the Owner Trust Spread Account
     on such Payment Date, after giving effect to all transfers and
     withdrawals therefrom and all transfers and deposits thereto on such
     Payment Date, and the amount required to be on deposit in the Owner Trust
     Spread Account on such date.

     Each amount set forth pursuant to clauses (ii) and (iii) above will be
expressed as a dollar amount per $1,000 of the initial principal balance of
the Notes.

          (e) Owner Trust Accounts. The Administrator shall establish and
     maintain, (i) in the name of the Indenture Trustee, for the benefit of
     the Noteholders, an Eligible Deposit Account (the "Note Distribution
     Account"), bearing a designation clearly indicating that the funds
     deposited therein are held for the benefit of the Noteholders, (ii) in
     the name of the Indenture Trustee, for the benefit of the Class C
     Noteholders (and, to the extent expressly provided in the Indenture, the
     Certificateholder), an Eligible Deposit Account (the "Owner Trust Spread
     Account"), bearing a designation clearly indicating that the funds
     deposited therein are held for the benefit of the Class C Noteholders and
     the Certificateholder, (iii) in the name of the Indenture Trustee, for
     the benefit of the Class A Noteholders, an Eligible Deposit Account (the
     "Class A Deferred Payment Account"), bearing a designation clearly
     indicating that the funds deposited therein are held for the benefit of
     the Class A Noteholders and (iv) in the name of the Indenture Trustee,
     for the benefit of the Class A Noteholders, an Eligible Deposit Account
     (the "Interest Reserve Account" and, together with the Note Distribution
     Account, the Owner Trust Spread Account and the Class A Deferred Payment
     Account, the "Owner Trust Accounts"), bearing a designation clearly
     indicating that the funds deposited therein are held for the benefit of
     the Class A Noteholders and the Class A Swap Counterparty. The Indenture
     Trustee shall possess all right, title and interest in all funds on
     deposit from time to time in the Owner Trust Accounts and in all proceeds
     thereof. The Note Distribution Account shall be under the sole dominion
     and control of the Indenture Trustee for the benefit of the Noteholders.
     The Owner Trust Spread Account shall be under the sole dominion and
     control of the Indenture Trustee for the benefit of the Class C
     Noteholders (and, to the extent expressly provided in the Indenture, the
     Certificateholder). The Class A Deferred Payment Account shall be under
     the sole dominion and control of the Indenture Trustee for the benefit of
     the Class A Noteholders. The Interest Reserve Account shall be under the
     sole dominion and control of the Indenture Trustee for the benefit of the
     Class A Noteholders. If, at any time, any Owner Trust Account ceases to
     be an Eligible Deposit Account, the Administrator shall notify the
     Indenture Trustee, and the Indenture Trustee upon being notified (or the
     Administrator on its behalf) shall, within 10 Business Days, establish a
     new Owner Trust Account which meets the conditions specified in the
     definition of Eligible Deposit Account, and shall transfer any cash or
     any investments to such new Owner Trust Account. The Indenture Trustee,
     at the direction of the Administrator, shall make

                                      11
<PAGE>

     withdrawals from the Owner Trust Accounts from time to time, in the
     amounts and for the purposes set forth in the Indenture.

     Funds on deposit in any of the Owner Trust Spread Account, the Class A
Deferred Payment Account and the Interest Reserve Account shall be invested at
the direction of the Administrator by the Indenture Trustee or the Paying
Agent in Permitted Investments. The Indenture Trustee shall maintain for the
benefit of the Noteholders and the Series Certificateholder possession of the
negotiable instruments or securities, if any, evidencing such Permitted
Investments. No Permitted Investment shall be disposed of prior to its
maturity.

     To the extent so instructed by the Administrator on any Transfer Date,
the Indenture Trustee or the Paying Agent shall, if the amount on deposit in
the Owner Trust Spread Account is greater than the Required Owner Trust Spread
Account Amount for such Transfer Date, pay the amount of such excess to the
Certificateholder pursuant to the Indenture.

     SECTION 4.2 Records. The Administrator shall maintain appropriate books
of account and records relating to services performed hereunder, which books
of account and records shall be accessible for inspection by the Issuer, the
Owner Trustee, the Indenture Trustee and the Depositor at any time during
normal business hours.

     SECTION 4.3 [Reserved]

     SECTION 4.4 Additional Information To Be Furnished to Issuer. The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request,
including notification of Noteholders pursuant to Section 4.1(a) hereof.

     SECTION 4.5 Independence of Administrator. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not
be subject to the supervision of the Issuer or the Owner Trustee with respect
to the manner in which it accomplishes the performance of its obligations
hereunder. Unless expressly authorized by the Issuer or the Owner Trustee, as
the case may be, the Administrator shall have no authority to act for or
represent the Issuer or the Owner Trustee in any way and shall not otherwise
be deemed an agent of the Issuer or the Owner Trustee.

     SECTION 4.6 No Joint Venture. Nothing contained in this Agreement shall
(i) constitute the Administrator and either of the Issuer or the Owner Trustee
as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of
them any express, implied or apparent authority to incur any obligation or
liability on behalf of the others.

     SECTION 4.7 Other Activities of Administrator. (a) Nothing herein shall
prevent the Administrator or its affiliates from engaging in other businesses
or, in its sole discretion, from acting in a similar capacity as an
administrator for any other person or entity even though such person or entity
may engage in business activities similar to those of the Issuer, the Owner
Trustee or the Indenture Trustee.

                                      12
<PAGE>

          (b) The Administrator and its affiliates may generally engage in any
     kind of business with any person party to a Basic Document, any of its
     affiliates and any person who may do business with or own securities of
     any such person or any of its affiliates, without any duty to account
     therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

     SECTION 4.8 Net Deposits. As an administrative convenience, so long as
Chase USA is the Administrator and the Certificateholder, the Administrator
will be permitted to make the deposit of amounts with respect to the Series
Certificate for or with respect to any Monthly Period net of distributions to
be made to the Certificateholder with respect to such Monthly Period. The
Administrator, however, will account to the Owner Trustee, the Indenture
Trustee and the Noteholders as if the amounts paid to the Certificateholder
were paid pursuant to the Indenture.

                                  ARTICLE V

                                 TERMINATION

     SECTION 5.1 Term of Agreement; Resignation and Removal of Administrator.
This Agreement shall continue in force until (i) the termination of the Issuer
and (ii) the satisfaction and discharge of the Indenture in accordance with
Section 4.1 of the Indenture, upon which event this Agreement shall
automatically terminate.

          (a) Subject to subsections 5.1(d) and (e), the Administrator may
     resign its duties hereunder by providing the Issuer and the Owner Trustee
     with at least 60 days' prior written notice.

          (b) Subject to subsections 5.1(d) and (e), the Issuer may remove the
     Administrator without cause by providing the Administrator with at least
     60 days' prior written notice; provided however, that if any Notes are
     outstanding at the time of the removal, the Rating Agency Condition shall
     have first been satisfied in connection with such removal.

          (c) Subject to subsections 5.1(d) and (e), at the sole option of the
     Issuer, the Administrator may be removed immediately upon written notice
     of termination from the Issuer to the Administrator if any of the
     following events shall occur:

               (i) the Administrator shall default in the performance of any
          of its duties under this Agreement and, after notice of such
          default, shall not cure such default within 10 days (or, if such
          default cannot be cured in such time, shall not give within ten days
          such assurance of cure as shall be reasonably satisfactory to the
          Issuer);

               (ii) a court having jurisdiction in the premises shall enter a
          decree or order for relief, and such decree or order shall not have
          been vacated

                                      13
<PAGE>

          within 60 days, in respect of the Administrator in any involuntary
          case under any applicable bankruptcy, insolvency or other similar
          law now or hereafter in effect or appoint a receiver, liquidator,
          assignee, custodian, trustee, sequestrator or similar official for
          the Administrator or any substantial part of its property or order
          the winding-up or liquidation of its affairs; or

               (iii) the Administrator shall commence a voluntary case under
          any applicable bankruptcy, insolvency or other similar law now or
          hereafter in effect, shall consent to the entry of an order for
          relief in an involuntary case under any such law, or shall consent
          to the appointment of a receiver, liquidator, assignee, trustee,
          custodian, sequestrator or similar official for the Administrator or
          any substantial part of its property, shall consent to the taking of
          possession by any such official of any substantial part of its
          property, shall make any general assignment for the benefit of
          creditors or shall fail generally to pay its debts as they become
          due.

     The Administrator agrees that if any of the events specified in clause
(ii) or (iii) of this subsection 5.1(c) shall occur, it shall give written
notice thereof to the Issuer, the Owner Trustee, the Class A Swap Counterparty
and the Indenture Trustee within seven days after the happening of such event.

          (d) No resignation or removal of the Administrator pursuant to this
     Section shall be effective until (i) a successor Administrator shall have
     been appointed by the Issuer and (ii) such successor Administrator shall
     have agreed in writing to be bound by the terms of this Agreement in the
     same manner as the Administrator is bound hereunder.

          (e) The appointment of any successor Administrator shall be
     effective only after the satisfaction of the Rating Agency Condition with
     respect thereto.

          (f) A successor Administrator shall execute, acknowledge and deliver
     a written acceptance of its appointment hereunder to the resigning
     Administrator and to the Issuer. Thereupon the resignation or removal of
     the resigning Administrator shall become effective, and the successor
     Administrator shall have all the rights, powers and duties of the
     Administrator under the Indenture. The successor Administrator shall mail
     a notice of its succession to the Noteholders and the Certificateholder.
     The resigning Administrator shall promptly transfer or cause to be
     transferred all property and any related agreements, documents and
     statements held by it as Administrator to the successor Administrator and
     the resigning Administrator shall execute and deliver such instruments
     and do other things as may reasonably be required for fully and certainly
     vesting in the successor Administrator all rights, powers, duties and
     obligations hereunder.

          (g) In no event shall a resigning Administrator be liable for the
     acts or omissions of any successor Administrator hereunder.

          (h) In the exercise or administration of its duties hereunder and
     under the other Basic Documents, the Administrator may act directly or
     through its agents or

                                      14
<PAGE>

     attorneys pursuant to agreements entered into with any of them, and the
     Administrator shall not be liable for the conduct or misconduct of such
     agents or attorneys if such agents or attorneys shall have been selected
     by the Administrator with due care.

     SECTION 5.2 Action upon Termination, Resignation or Removal. Promptly
upon the effective date of termination of this Agreement pursuant to
subsection 5.1(a) or the resignation or removal of the Administrator pursuant
to subsection 5.1 (b) or (c), respectively, the Administrator shall be
entitled to be paid all fees and reimbursable expenses accruing to it to the
date of such termination, resignation or removal. The Administrator shall
forthwith upon termination pursuant to subsection 5.1(a) deliver to the Issuer
all property and documents of or relating to the Collateral then in the
custody of the Administrator. In the event of the resignation or removal of
the Administrator pursuant to subsection 5.1(b) or (c), respectively, the
Administrator shall cooperate with the Issuer and take all reasonable steps
requested to assist the Issuer in making an orderly transfer of the duties of
the Administrator.

     SECTION 5.3 Acquisition of Owner Trust Estate. If Chase USA exercises its
option to accept retransfer of the Series Certificate pursuant to Section 4 of
the Series Supplement, the Depositor shall (a) acquire the Series Certificate
and all rights related thereto, which acquisition shall be effective as of the
date on which such retransfer occurs, (b) deliver notice of such acquisition
to the Indenture Trustee on or prior to the related Transfer Date, (c)
deposit, on its own behalf and on behalf of the Issuer pursuant to Section
10.1 of the Indenture, in the Note Distribution Account on or prior to the
related Transfer Date, an amount equal to the Redemption Price and (d) succeed
to all interests in and to the Issuer.

                                  ARTICLE VI

                                MISCELLANEOUS

     SECTION 6.1 Notices. Any notice, report or other communication given
hereunder shall be in writing and addressed as follows:

     if to the Issuer or the Owner Trustee, to

          Chase Credit Card Owner Trust 2001-4
          c/o Wilmington Trust Company
          Rodney Square North
          1100 North Market Street
          Wilmington, DE 19890-0001
          Attention: Corporate Trust Administration

     with a copy to:

          Richards, Layton & Finger
          One Rodney Square
          Wilmington, DE 19899
          Attention: Eric Mazie

                                      15
<PAGE>

     if to the Administrator, to

          Chase Manhattan Bank USA, National Association
          802 Delaware Avenue
          Wilmington, DE 19801
          Attention: Patricia M. Garvey

     if to the Indenture Trustee, to

          The Bank of New York
          101 Barclay Street, Fl. 12 East
          New York, NY 10286
          Attention: Corporate Trust Administration

     if to the Class A Swap Counterparty, to

          Westdeutsche Landesbank Girozentrale, New York Branch
          1121 Avenue of the Americas
          New York, NY 10036
          Attention: [ ]

or to such other address as any party shall have provided to the other parties
in writing. Any notice required to be in writing hereunder shall be deemed
given if such notice is mailed by certified mail, postage prepaid, or
hand-delivered to the address of such party as provided above, except that
notices to the Indenture Trustee are effective only upon receipt.

     SECTION 6.2 Amendments. This Agreement may be amended from time to time
by a written amendment duly executed and delivered by the Issuer, the
Administrator and the Depositor, with the written consent of the Indenture
Trustee and without the consent of the Noteholders or the Certificateholder,
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement or of modifying in any
manner the rights of the Noteholders or the Certificateholder; provided,
however, that a copy thereof shall have been delivered to the Note Rating
Agencies and that such amendment will not (i) as evidenced by an Officer's
Certificate of the Depositor addressed and delivered to the Owner Trustee and
the Indenture Trustee, materially and adversely affect the interests of any
Noteholder or the Certificateholder or significantly change the purposes and
activities of the Issuer and (ii) as evidenced by an Opinion of Counsel
addressed to the Owner Trustee and the Indenture Trustee, cause the Issuer to
be classified as an association (or a publicly traded partnership) taxable as
a corporation for federal income tax purposes. This Agreement may also be
amended by the Issuer, the Administrator and the Depositor with the written
consent of the Indenture Trustee and the Holders of Notes evidencing a
majority in the Outstanding Amount of the Notes for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of Noteholders or
the Certificateholder; provided, however, that, a copy thereof shall have been
delivered to the Note Rating Agencies and that without the consent of the
holders of all of the Notes then Outstanding, no such amendment may (i)
increase or reduce in any manner the amount of, or accelerate or

                                      16
<PAGE>

delay the timing of, collections of payments on the Series Certificate or
distributions that are required to be made for the benefit of the Noteholders
or (ii) reduce the aforesaid percentage of the Holders of Notes which are
required to consent to any such amendment, without the consent of the Holders
of all the Outstanding Notes.

     It shall not be necessary for the consent of Noteholders pursuant to this
Section to approve the particular form of any proposed amendment or consent,
but it shall be sufficient if such consent shall approve the substance
thereof.

     SECTION 6.3 Protection of Title to Owner Trust.

          (a) The Depositor shall take all actions necessary and the Issuer
     shall cooperate with the Depositor, if applicable, to perfect, and
     maintain perfection of, the interests of the Issuer in the Series
     Certificate. The Depositor shall execute and file and cause to be
     executed and filed such financing statements and continuation statements,
     all in such manner and in such places as may be required by law fully to
     perfect, maintain, and protect the interest of the Issuer in the Series
     Certificate and in the proceeds thereof and the interest of the Indenture
     Trustee in the Owner Trust Estate and the proceeds thereof. The Depositor
     shall deliver (or cause to be delivered) to the Owner Trustee and the
     Indenture Trustee file-stamped copies of, or filing receipts for, any
     document filed as provided above, as soon as available following such
     filing.

          (b) The Depositor shall not change its name, identity or corporate
     structure in any manner that would, could or might make any financing
     statement or continuation statement filed in accordance with paragraph
     (a) above or otherwise seriously misleading within the meaning of
     9-402(7) of the UCC (regardless of whether such a filing was ever made),
     unless it shall have given the Owner Trustee and the Indenture Trustee at
     least five days' prior written notice thereof and, if applicable, shall
     have timely filed appropriate amendments to any and all previously filed
     financing statements or continuation statements (so that the interest of
     the Issuer or the Indenture Trustee is not adversely affected).

          (c) Each of the Depositor and the Administrator shall have an
     obligation to give the Owner Trustee and the Indenture Trustee at least
     60 days' prior written notice of any relocation of its principal
     executive office if, as a result of such relocation, the applicable
     provisions of the UCC would require the filing of any amendment of any
     previously filed financing or continuation statement or of any new
     financing statement (regardless of whether such a filing was ever made)
     and shall promptly, if applicable, file any such amendment.

          (d) The Administrator shall permit the Indenture Trustee and its
     agents at any time following reasonable notice and during normal business
     hours to inspect, audit and make copies of and abstracts from the
     Administrator's records regarding the Series Certificate.

                                      17
<PAGE>

          (e) The Administrator shall, to the extent required by applicable
     law, cause the Notes to be registered with the Commission pursuant to
     Section 12(b) or Section 12(g) of the Exchange Act within the time
     periods specified in such sections.

     SECTION 6.4 Successors and Assigns. This Agreement may not be assigned by
the Administrator unless such assignment is previously consented to in writing
by the Issuer and the Owner Trustee and subject to satisfaction of the Rating
Agency Condition with respect thereto. An assignment with such consent and
satisfaction, if accepted by the assignee, shall bind the assignee hereunder
in the same manner as the Administrator is bound hereunder. Notwithstanding
the foregoing, this Agreement may be assigned by the Administrator without the
consent of the Issuer or the Owner Trustee to a corporation or other
organization that is a successor (by merger, consolidation or purchase of
assets) to the Administrator, provided that such successor organization
executes and delivers to the Issuer, the Owner Trustee and the Indenture
Trustee an agreement in which such corporation or other organization agrees to
be bound hereunder by the terms of said assignment in the same manner as the
Administrator is bound hereunder. Subject to the foregoing, this Agreement
shall bind any successors or assigns of the parties hereto.

     SECTION 6.5 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

     SECTION 6.6 Headings. The section headings hereof have been inserted for
convenience of reference only and shall not be construed to affect the
meaning, construction or effect of this Agreement.

     SECTION 6.7 Counterparts. This Agreement may be executed in counterparts,
each of which when so executed shall together constitute but one and the same
agreement.

     SECTION 6.8 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in
any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

     SECTION 6.9 Not Applicable to Chase Manhattan Bank USA, National
Association in Other Capacities. Nothing in this Agreement shall affect any
obligation Chase Manhattan Bank USA, National Association may have in any
other capacity.

     SECTION 6.10 Limitation of Liability of Owner Trustee, Indenture Trustee
and Administrator. (a) Notwithstanding anything contained herein to the
contrary, this instrument has been signed by Wilmington Trust Company not in
its individual capacity but solely as Owner Trustee for the Chase Credit Card
Owner Trust 2001-4 and in no event shall Wilmington Trust Company in its
individual capacity or any beneficial owner of the Issuer have any liability
for the representations, warranties, covenants, agreements or other
obligations of the Issuer hereunder, as to all of which recourse shall be had
solely to the assets of the Issuer.

                                      18
<PAGE>

     (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been signed by The Bank of New York, not in its individual
capacity but solely as Indenture Trustee, and in no event shall The Bank of
New York have any liability for the representations, warranties, covenants,
agreements or other obligations of the Issuer hereunder or in any of the
certificates, notices or agreements delivered pursuant hereto, as to all of
which recourse shall be had solely to the assets of the Issuer.

     (c) No recourse under any obligation, covenant or agreement of the Issuer
contained in this Agreement shall be had against any agent of the Issuer
(including the Administrator) as such by the enforcement of any assessment or
by any legal or equitable proceeding, by virtue of any statute or otherwise;
it being expressly agreed and understood that this Agreement is solely an
obligation of the Issuer as a Delaware common law trust, and that no personal
liability whatever shall attach to or be incurred by any agent of the Issuer
(including the Administrator), as such, under or by reason of any of the
obligations, covenants or agreements of the Issuer contained in this
Agreement, or implied therefrom, and that any and all personal liability for
breaches by the Issuer of any such obligations, covenants or agreements,
either at common law or at equity, or by statute or constitution, of every
such agent is hereby expressly waived as a condition of and in consideration
for the execution of this Agreement.

     SECTION 6.11 Third-Party Beneficiary. Each of the Owner Trustee and the
Indenture Trustee is a third-party beneficiary to this Agreement and is
entitled to the rights and benefits hereunder and may enforce the provisions
hereof as if it were a party hereto. The Administrator agrees to compensate
and indemnify the Indenture Trustee pursuant to Section 6.7 of the Indenture.

     SECTION 6.12 Nonpetition Covenants.

          (a) Notwithstanding any prior termination of this Agreement, the
     Depositor shall not at any time with respect to the Issuer or the Master
     Trust, acquiesce, petition or otherwise invoke or cause the Issuer or the
     Master Trust to invoke the process of any court or government authority
     for the purpose of commencing or sustaining a case against the Issuer or
     the Master Trust under any Federal or state bankruptcy, insolvency or
     similar law or appointing a receiver, conservator, liquidator, assignee,
     trustee, custodian, sequestrator or other similar official of the Issuer
     or the Master Trust or any substantial part of its property, or ordering
     the winding up or liquidation of the affairs of the Issuer or the Master
     Trust; provided, however, that this subsection 6.12(a) shall not operate
     to preclude any remedy described in Article V of the Indenture.

          (b) Notwithstanding any prior termination of this Agreement, the
     Issuer shall not at any time with respect to the Master Trust, acquiesce,
     petition or otherwise invoke or cause the Master Trust to invoke the
     process of any court or government authority for the purpose of
     commencing or sustaining a case against the Master Trust under any
     Federal or state bankruptcy, insolvency or similar law or appointing a
     receiver, conservator, liquidator, assignee, trustee, custodian,
     sequestrator or other similar official of the Master Trust or any
     substantial part of its property, or ordering the winding up or
     liquidation of the affairs of the Master Trust; provided,

                                      19
<PAGE>

     however, that this subsection 6.12(b) shall not operate to preclude any
     remedy described in Article V of the Indenture.

     SECTION 6.13 Liability of Administrator. Notwithstanding any provision of
this Agreement, the Administrator shall not have any obligations under this
Agreement other than those specifically set forth herein, and no implied
obligations of the Administrator shall be read into this Agreement. Neither
the Administrator nor any of its directors, officers, agents or employees
shall be liable for any action taken or omitted to be taken in good faith by
it or them under or in connection with this Agreement, except for its or their
own gross negligence or willful misconduct and in no event shall the
Administrator be liable under or in connection with this Agreement for
indirect, special, or consequential losses or damages of any kind, including
lost profits, even if advised of the possibility thereof and regardless of the
form of action by which such losses or damages may be claimed. Without
limiting the foregoing, the Administrator may (a) consult with legal counsel
(including counsel for the Issuer), independent public accountants and other
experts selected by it and shall not be liable for any action taken or omitted
to be taken in good faith by it in accordance with the advice of such counsel,
accountants or experts and (b) shall incur no liability under or in respect of
this Agreement by acting upon any notice (including notice by telephone),
consent, certificate or other instrument or writing (which may be by
facsimile) believed by it to be genuine and signed or sent by the proper party
or parties.

                                      20
<PAGE>

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

                         CHASE CREDIT CARD OWNER TRUST 2001-4

                         By: WILMINGTON TRUST COMPANY
                         not in its individual capacity but solely as Owner
                         Trustee

                         By:
                            ------------------------------------------------
                            Name:
                            Title:

                         CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
                         as Administrator

                         By:
                            ------------------------------------------------
                            Name:
                            Title:

                         Acknowledged and Agreed:
                         THE BANK OF NEW YORK
                         not in its individual capacity but solely as
                         Indenture Trustee

                         By:
                            ------------------------------------------------
                            Name:
                            Title:
<PAGE>

                                                                     EXHIBIT A
                                                   [Form of Power of Attorney]

                              POWER OF ATTORNEY

STATE OF NEW YORK  )
                   )
COUNTY OF NEW YORK )

     KNOW ALL MEN BY THESE PRESENTS, that WILMINGTON TRUST COMPANY, a Delaware
banking corporation, not in its individual capacity but solely as owner
trustee ("Owner Trustee") for the Chase Credit Card Owner Trust 2001-4
("Trust"), does hereby make, constitute and appoint CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION as Administrator under the Administration Agreement (as
defined below), and its agents and attorneys, as Attorneys-in-Fact to execute
on behalf of the Owner Trustee or the Trust all such documents, reports,
filings, instruments, certificates and opinions as it shall be the duty of the
Owner Trustee or the Trust to prepare, file or deliver pursuant to the Basic
Documents (as defined in the Indenture dated as of August 1, 2001 between the
Trust and the Bank of New York, as Indenture Trustee), including, without
limitation, to appear for and represent the Owner Trustee and the Trust in
connection with the preparation, filing and audit of federal, state and local
tax returns pertaining to the Trust, and with full power to perform any and
all acts associated with such returns and audits that the Owner Trustee could
perform, including without limitation, the right to distribute and receive
confidential information, defend and assert positions in response to audits,
initiate and defend litigation, and to execute waivers of restriction on
assessments of deficiencies, consents to the extension of any statutory or
regulatory time limit, and settlements. For the purpose of this Power of
Attorney, the term "Administration Agreement" means the Deposit and
Administration Agreement dated as of August 1, 2001 among Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Trust and Chase Manhattan Bank USA, National Association, as Administrator,
and acknowledged and agreed by The Bank of New York, as Indenture Trustee, as
such may be amended from time to time.

     All powers of attorney for this purpose heretofore filed or executed by
the Owner Trustee are hereby revoked.

     EXECUTED this day of [ ], 2001.

                         WILMINGTON TRUST COMPANY

                         not in its individual capacity but solely
                         as Owner Trustee for the Chase Credit Card
                         Owner Trust 2001-4

                         By:
                             ----------------------------------------------
                             Name:
                             Title:<PAGE>

                AMENDMENT NO. 1 TO STOCKHOLDER RIGHTS AGREEMENT

     THIS AMENDMENT (this "Amendment") is made and entered into on and effective
as of the 7th day of August, 2001 by and between DISCOUNT AUTO PARTS, INC., a
Florida corporation (the "Company" or "DAP"), and MELLON INVESTOR SERVICES LLC,
formerly known as CHASEMELLON SHAREHOLDER SERVICES, L.L.C., a New Jersey limited
liability company (the "Rights Agent") with respect to that certain STOCKHOLDER
RIGHTS AGREEMENT dated the 21st day of November, 2000 by and between DAP and the
Rights Agent (the "Rights Agreement").

     WHEREAS, DAP, Advance Auto Parts, Inc., a Delaware corporation ("New
Holding") and AAP Acquisition Corporation, a Florida corporation and a direct,
wholly-owned subsidiary of New Holding ("Merger Sub"), among others, intend to
enter into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to
which Merger Sub will merge with and into DAP (the "Merger"); and

     WHEREAS, simultaneously with the execution and delivery of the Merger
Agreement, Fontaine Industries Limited Partnership (the "Principal Stockholder),
Peter J. Fontaine, and the Peter J. Fontaine Revocable Trust intend to enter
into (i) an agreement (the "Fontaine Voting Agreement") pursuant to which the
Principal Stockholder will agree to, among other things, vote in favor of the
Merger and to grant a proxy to Advance Stores Company, Incorporated, a Virginia
corporation ("ASCI"), (ii) an agreement (the "Stock Option Agreement") pursuant
to which the Principal Stockholder will grant to ASCI an option to purchase
shares of the Common Stock of DAP owned by it;

     WHEREAS, simultaneously with the execution and delivery of the Merger
Agreement, Advance Holding Corporation, a Virginia corporation, ("Holding") and
certain of the stockholders of Holding intend to enter into an agreement (the
"Advance Voting Agreement") pursuant to which the parties to the Advance Voting
Agreement will agree, among other things, to vote in favor of the adoption and
approval of the Merger Agreement and the transactions contemplated thereby;

     WHEREAS, pursuant to and in compliance with the Rights Agreement, DAP and
the Rights Agent desire to amend the Rights Agreement as set forth in this
Amendment to reflect and permit the foregoing.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements
set forth herein and in the Rights Agreement, the parties hereto hereby agree as
follows:

     1. Section 1(a) of the Rights Agreement is hereby amended to add the
following at the end of the existing definition of "Acquiring Person"
thereunder:

        Anything in this Agreement to the contrary notwithstanding, "Acquiring
        Person" shall not include either Advance Holding
<PAGE>

Amendment to Stockholder Rights Agreement                                 Page 2

    Corporation, a Virginia corporation ("Holding"), Advance Auto Parts, Inc., a
    Delaware corporation ("New Holding"), AAP Acquisition Corporation, a Florida
    corporation and a direct, wholly-owned subsidiary of New Holding ("Merger
    Sub"), Advance Stores Company, Incorporated, a Virginia corporation and a
    direct, wholly-owned subsidiary of Holding ("ASCI"), any party to the
    Advance Voting Agreement or the Fontaine Voting Agreement, or any Affiliate
    or Associate of any of them, by virtue of the approval, execution, delivery,
    or performance of the Operative Documents or the consummation of the
    transactions contemplated thereby, including without limitation the purchase
    of Common Stock through the exercise of any option granted pursuant to the
    Option Agreement or the acquisition or exercise of voting power pursuant to
    the Fontaine Voting Agreement or the Advance Voting Agreement.

2.  Section 1 of the Rights Agreement is hereby amended to add the following new
Sections 1(y), 1(z), 1(aa), 1(bb), and 1(cc) immediately after Section 1(x)

    (y)  "Advance Voting Agreement" shall mean that certain Voting Agreement
         dated as of August 7, 2001 by and among Holding and certain of the
         stockholders of Holding.

    (z)  "Fontaine Voting Agreement" shall mean that certain Irrevocable Proxy
         and Voting Agreement dated as of August 7, 2001 by and among Fontaine
         Industries Limited Partnership, Peter Fontaine, the Peter Fontaine
         Revocable Trust, Holding, and ASCI.

    (aa) "Merger Agreement" shall mean that certain Agreement and Plan of
         Merger, dated as of August 7, 2001 by and among the Company, Holding,
         New Holding, Merger Sub, and ASCI.

    (bb) "Operative Documents" shall mean the Merger Agreement, the Option
         Agreement, the Fontaine Voting Agreement, and the Advance Voting
         Agreement, including any document, instrument or agreement executed,
         delivered or entered into pursuant to or contemplated by the Merger
         Agreement, the Option Agreement, the Fontaine Voting Agreement, or the
         Advance Voting Agreement.
<PAGE>

Amendment to Stockholder Rights Agreement                                 Page 3

    (cc) "Option Agreement" shall mean that certain Stock Option Agreement dated
         as of August 7, 2001 by and among Fontaine Industries Limited
         Partnership, Peter J. Fontaine, the Peter Fontaine Revocable Trust,
         Holding, and ASCI.

3.  Section 3(c) of the Rights Agreement is hereby amended by substituting in
    place of the first sentence and inset legend therein the following:

    Certificates issued for Common Stock (including, without limitation, upon
    transfer of outstanding Common Stock, disposition of Common Stock out of
    treasury stock or issuance or reissuance of Common Stock out of authorized
    but unissued shares) after the Record Date but prior to the earliest of the
    Distribution Date, the Redemption Date or the Final Expiration Date shall
    have impressed on, printed on, written on or otherwise affixed to them a
    legend substantially as follows:

       This certificate also evidences and entitles the holder hereof to certain
       rights as set forth in a Stockholder Rights Agreement between the
       Corporation and Mellon Investor Services LLC, formerly known as
       ChaseMellon Shareholder Services, L.L.C., dated as of November 21, 2000
       and as amended as of August 7, 2001, as the same may be further amended
       from time to time (the "Rights Agreement"), the terms of which are hereby
       incorporated herein by reference and a copy of which is on file at the
       principal executive offices of the Corporation. Under certain
       circumstances, as set forth in the Rights Agreement, such Rights will be
       evidenced by separate certificates and will no longer be evidenced by
       this certificate. The Corporation will mail to the holder of this
       certificate a copy of the Rights Agreement without charge after receipt
       of a written request therefor. Under certain circumstances, as set forth
       in the Rights Agreement, Rights owned by or transferred to any Person who
       becomes an Acquiring Person (as defined in the Rights Agreement) and
       certain transferees thereof will become null and void and will no longer
       be transferable.

4.  Section 7(a) of the Rights Agreement is hereby amended and restated as
    follows:

    (a) Except as otherwise provided herein, the Rights shall become exercisable
        on the Distribution Date, and thereafter the registered
<PAGE>

Amendment to Stockholder Rights Agreement                                 Page 4

        holder of any Right Certificate may, subject to Section 11(a)(ii) hereof
        and except as otherwise provided herein, exercise the Rights evidenced
        thereby in whole or in part upon surrender of the Right Certificate,
        with the form of election to purchase on the reverse side thereof duly
        and properly executed, to the Rights Agent at the office or agency of
        the Rights Agent designated for such purpose, together with payment of
        the Purchase Price for each one one-hundredth of a share of Preferred
        Stock as to which the Rights are exercised, at any time which is both
        after the Distribution Date and prior to the earliest of (i) the Close
        of Business on December 13, 2010 (the "Final Expiration Date"), (ii) the
        time at which the Rights are redeemed as provided in Section 23 hereof
        (the "Redemption Date"), (iii) the time at which such Rights are
        exchanged as provided in Section 24 hereof, or (iv) immediately before
        the effective time of the merger of Merger Sub with and into the Company
        pursuant to the Merger Agreement.

5.      The Rights Agreement is hereby amended to add a new Section 35 which
        shall read in its entirety as follows:

        Anything in this Agreement to the contrary notwithstanding, neither (A)
        the announcement, approval, execution, delivery, or performance of any
        of the Operative Documents, (B) the acquisition of Beneficial Ownership
        of the Common Stock of the Company (i) as a result of the merger of
        Merger Sub with and into the Company pursuant to the Merger Agreement or
        (ii) pursuant to any of the Operative Documents nor (C) the consummation
        of any transaction contemplated by any of the Operative Documents shall
        directly or indirectly, immediately or with the passage of time (i)
        cause Holding, New Holding, Merger Sub, ASCI, any party to the Fontaine
        Voting Agreement, any party to the Advance Voting Agreement, or any
        Affiliate or Associate of any of them, to be deemed an Acquiring Person,
        (ii) give rise to a Distribution Date or a Stock Acquisition Date, or
        (iii) result in any Right becoming exercisable.

6.      The Form of Right Certificate attached to the Rights Agreement as
        Exhibit A is hereby amended by changing the phrase "dated as of November
        21, 2000 as the same may be amended from time to time" appearing in the
        first paragraph in the body thereof to read "dated as of November 21,
        2000, as amended as of August 7, 2001 and as the same may be further
        amended from time to time."
<PAGE>

Amendment to Stockholder Rights Agreement                                 Page 5

7.     Exhibits B and C to the Rights Agreement shall be deemed amended in a
       manner consistent with this Amendment.

8.     This Amendment shall be deemed to be a contract made under the laws of
       the State of Florida and for all purposes shall be governed by and
       construed in accordance with the laws of such State applicable to
       contracts to be made and performed entirely within such State; provided,
       however, that all provisions regarding the rights, duties and obligations
       of the Rights Agent shall be governed by and construed in accordance with
       the laws of the State of New York applicable to contracts made and to be
       performed entirely within such state.

9.     This Amendment may be executed in any number of counterparts and each of
       such counterparts shall for all purposes be deemed to be an original, and
       all such counterparts shall together constitute but one and the same
       instrument.

10.    Except as expressly set forth herein, this Amendment shall not by
       implication or otherwise alter, modify, amend, or in any way affect any
       of the terms, conditions, obligations, covenants or agreements contained
       in the Rights Agreement, all of which are ratified and affirmed in all
       respects and shall continue in full force and effect.

11.    Capitalized terms used without other definition in this Amendment shall
       be used as defined in the Rights Agreement.

12.    This Amendment shall be effective as of, and immediately prior to, the
       execution and delivery of the Merger Agreement, and all references to the
       Rights Agreement shall, from and after such time, be deemed to be
       references to the Rights Agreement as amended hereby.
<PAGE>

Amendment to Stockholder Rights Agreement                                 Page 6

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

                                    DISCOUNT AUTO PARTS, INC.

                                    By:    /s/ Peter J. Fontaine
                                           ---------------------
                                    Name:  Peter J. Fontaine
                                           ---------------------
                                    Title: CEO
                                           ---------------------

                                    MELLON INVESTOR SERVICES LLC
                                    (f/k/a ChaseMellon Shareholder Services,
                                    L.L.C.)

                                    By:    /s/ Cynthia Pacolay
                                           --------------------
                                    Name:  Cynthia Pacolay
                                           --------------------
                                    Title: Vice President
                                           --------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]