Document:

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                                                                    EXHIBIT 4.15

                               AMENDMENT NO. 3 TO
                      TRANSFER AND ADMINISTRATION AGREEMENT

            AMENDMENT NO. 3 (this "Amendment") dated as of June 16, 2000 to the
TRANSFER AND ADMINISTRATION AGREEMENT, dated as of June 18, 1999 (as amended by
Amendment No. 1 dated September 15, 1999 and Amendment No. 2 dated as of
December 15, 1999, the "Agreement"), by and among KCH FUNDING, L.L.C., a
Delaware limited liability company, as transferor (in such capacity, the
"Transferor"), UNOVA, INC., a Delaware corporation, as the parent of the
Transferor (in such capacity, the "Parent") and as servicer (in such capacity
the "Servicer"), ENTERPRISE FUNDING CORPORATION, a Delaware corporation (the
"Company"), BANK OF AMERICA N.A., a national banking association ("Bank of
America"), as Lead Arranger, as agent for the Company and the Bank Investors (in
such capacity, the "Agent"), as Administrative Agent and as Bank Investor.

                             PRELIMINARY STATEMENTS

            WHEREAS, the parties hereto have entered into the Agreement whereby
the Transferor may convey, transfer, and assign from time to time undivided
interests in certain accounts receivable, and the Company may, and the Bank
Investors, if requested, shall accept such conveyance, transfer and assignment
of such undivided percentage interests, subject to the terms and conditions of
the Agreement; and

            WHEREAS, the parties to the Agreement desire to make a certain
amendments to the Agreement.

            NOW, THEREFORE, the parties hereby agree as follows:

            1. Definitions. Except as otherwise stated herein, capitalized terms
not defined herein shall have the respective meanings assigned to them in the
Agreement.

            2. Amendments to the Agreement.

                (a) Section 1.1 of the Agreement is hereby amended by amending
the definition of "Commitment Termination Date" to read in its entirety as
follows:

               "Commitment Termination Date" means June 16, 2001, or such later
               date to which the Commitment Termination Date may be extended by
               the Transferor, the Agent and the Bank Investors not later than
               thirty (30) days prior to the then current Commitment Termination
               Date.

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                (b) Section 1.1 of the Agreement is further amended by amending
the definition of "Loss Percentage" to read in its entirety as follows:

               "Loss Percentage" means, on any given day the greatest of (i) 2.0
               times the highest Loss-to-Liquidation Ratio as of the last day of
               each of the twelve (12) calendar months preceding the then
               current month, (ii) 4 times the highest Concentration Factor of
               all Designated Obligors (exclusive of Class 2 Obligors, Class 3
               Obligors and Special Concentration Obligors), or (iii)
               $10,000,000.

                (c) Section 1.1 of the Agreement is further amended by amending
the definition of "Special Concentration Obligors" to read in its entirety as
follows:

               "Special Concentration Obligors" means each Obligor listed in
               Annex 1 hereto.

                (d) Annex 1 to the Agreement is hereby amended to read in its
entirety as set forth in Exhibit A hereto.

            3. Representations and Warranties. To induce the Company and the
Bank Investors to enter this Amendment, each of the Transferor and the Parent
hereby represents and warrants (each as to itself) as of the Effective Date (as
hereinafter defined) that:

                (a) it has the power, authority and legal right to make and
deliver this Amendment and to perform its obligations under the Agreement, as
amended by this Amendment, without any notice, consent, approval or
authorization not already obtained, and that it has taken all necessary action
to authorize the same.

                (b) the making and delivery of this Amendment and the
performance of the Agreement, as amended by this Amendment, do not violate any
provision of law or any regulation, or its charter or by-laws, or result in the
breach of or constitute a default under or require any consent under any
indenture or other agreement or instrument to which it is a party or by which it
or any of its properties may be bound or affected. The Agreement, as amended by
this Amendment, constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, except as the enforceability thereof
may be limited by any applicable bankruptcy, reorganization, insolvency,
moratorium or other laws affecting creditors' rights generally.

                (c) the representations and warranties made by it contained in
any Transaction Document are true and correct on and as of the date of this
Amendment and after giving effect hereto.

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                (d) no Termination Event or Potential Termination Event has
occurred and is continuing under the Agreement as of the date of this Amendment
and after giving effect hereto.

            4. Conditions to Closing. On or prior to the Effective Date, the
Agent shall have received the payment of all fees due pursuant to the Fee
Letter, dated as of June 6, 2000, among the Transferor, the Parent, the Company,
and the Agent.

            5. Effective Date. The effective date of this Amendment (the
"Effective Date") is June 16, 2000.

            6. Reference to and Effect on the Transaction Documents. On and
after the Effective Date each reference in the Agreement to "This Agreement",
"hereunder", "hereof" or words of like import, and each reference in any other
Transaction Document to "the Transfer and Administration Agreement",
"thereunder", "thereof" or words of like import, referring to the Agreement,
shall mean and be a reference to the Agreement as amended hereby.

            7. Agreement and all other Transaction Documents in Full Force and
Effect. Except as specifically amended hereby, each Transaction Document shall
continue to be in full force and effect and is hereby in all respects ratified
and confirmed. The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of the Lender, any Bank Investor or the Agent under any
Transaction Document, nor constitute a waiver of any provision of any
Transaction Document.

            8. Counterparts. This Amendment may be signed in any number of
counterparts, each of which shall be an original and all of which taken together
shall constitute a single instrument with the same effect as if the signatures
thereto and hereto were upon the same instrument.

            9. Governing Law. This Amendment shall be governed by and construed
in accordance with the laws of the State of New York.

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            IN WITNESS WHEREOF, the parties have caused this Amendment to be
duly executed and delivered by their proper and duly authorized officers as of
the day and year first above written.

                                    ENTERPRISE FUNDING CORPORATION,
                                      as Company

                                    By: /s/ Kevin P. Burns
                                        ----------------------------------------
                                        Vice President

                                    KCH FUNDING, L.L.C.,
                                    as Transferor

                                    By: /s/ Elmer C. Hull, Jr.
                                        ----------------------------------------
                                        Treasurer

                                    UNOVA, INC.,
                                        as Parent and as Servicer

                                    By: /s/ Elmer C. Hull, Jr.
                                        ----------------------------------------
                                        Vice President and Treasurer

                                    BANK OF AMERICA, N.A., as Agent
                                    and a Bank Investor

                                    By: /s/ Robert R. Wood
                                        ----------------------------------------

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                                                                       EXHIBIT A

                                     Annex 1

                         Special Concentration Obligors

<TABLE>
<CAPTION>
Name of Designated Obligor   Concentration Factor       Moody's Rating       S&P Rating
--------------------------   --------------------       --------------       ----------
<S>                          <C>                        <C>                  <C>
General Motors*                     15%                       A2                 A
Ford*                               15%                       A2                 A
Daimler Chrysler*                   15%                       A2                 A+
Caterpillar                         10%                       A2                 A+
Cummins Engine                       7%                       Baa1               BBB+
</TABLE>

*If the long-term unsecured debt obligation of such Special Concentration
Obligor as rated by Moody's or Standard & Poor's falls to Baa2 or BBB or below,
respectively, then the Concentration Factor will be reduced to ten percent (10%)
for such Special Concentration Obligor.

                                       5<PAGE>   1
                                                                   EXHIBIT 10.15

                         AMENDMENT N0. 4 TO UNOVA, INC.

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

        WHEREAS, UNOVA, Inc. (the "Company") has previously adopted the UNOVA,
Inc. Supplemental Executive Retirement Plan as amended by Amendment No. 1
thereto dated September 23, 1998, Amendment No. 2 thereto dated March 11, 1999,
and Amendment No. 3 thereto dated March 15, 2000 (the "Plan"); and

        WHEREAS, the Board of Directors of the Company deems it desirable that
the Plan be further amended in the manner set forth hereinafter;

        NOW, THEREFORE, this Amendment No. 4 to the Plan is hereby adopted by
the Company with the following effect:

        1. Section 2.13 of the Plan is hereby amended so as to delete from the
first sentence of Subsection (c) thereof the phrase "including, for this
purpose, years of service prior to age 40."

        2. Section 2.42 of the Plan is hereby amended so as to delete from
clause (2) of Subsection (a) thereof the phrase "provided, however, the
calculation of Years of Service shall not include any calendar months of
employment preceding the calendar month in which the Active Participant attained
age 40" and to revise the wording of the Clause which immediately follows the
deleted clause to read as follows: "provided, however, that such calculation
shall not include any calendar months of employment with the Company in any
separate period of employment with the Company preceding the most recent and
continuous employment with the Company."

        3. Section 2.42 of the Plan is hereby further amended so as to delete
from Subsection (b) thereof the phrase "and after the Participant attains age
40" in both instances where such phrase appears.

        4. Section 3.1 of the Plan is hereby amended so as to delete the second
sentence thereof which reads "A key employee shall not be designated as an
Active Participant prior to attaining age 40."

        5. Section 4.3 of the Plan is hereby amended so as to delete from clause
(2) thereof the phrase "after attainment of age 40."

        6. Except as specifically provided in this Amendment No. 4, each and
every provision of the Plan is hereby ratified, approved, and confirmed.

        7. This Amendment No. 4 shall be deemed effective for all purposes on
and as of the date hereof, except that this Amendment No. 4 shall not be
effective with respect to any Participant who retired from the Company
subsequent to the Distribution Date and commenced receiving a Retirement Benefit
under the Plan prior to the date hereof.

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        8. This Amendment No. 4 shall be governed by the laws of Delaware except
to the extent preempted by ERISA.

        9. Capitalized terms used in this Amendment No. 4 and not defined herein
shall have the meaning assigned to such terms in the Plan.

        IN WITNESS WHEREOF, the Company has caused this Amendment No. 4 to be
executed by its duly authorized officers this 11th day of July, 2000.

                                               UNOVA, INC.

WITNESS:  /s/  Virginia Young                  By:   /s/ Michael E. Keane
          -----------------------                    ---------------------------
                                                     Michael E. Keane

WITNESS:  /s/  Helen Gonzalez                  By:   /s/ Charles A. Cusumano
          -----------------------                    ---------------------------
                                                     Charles A. Cusumano

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