Document:

<PAGE>

                                                                     Exhibit 4.2

                               TRANSFER AGREEMENT

                                     between

                      CONSECO FINANCE SECURITIZATIONS CORP.

                                    Purchaser

                                       and

                              CONSECO FINANCE CORP.

                                     Seller

                                   dated as of

                                 January 1, 2002

<PAGE>

                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

ARTICLE I DEFINITIONS.........................................................1

SECTION 1.1. General..........................................................1
SECTION 1.2. Specific Terms...................................................1
SECTION 1.3. Usage of Terms...................................................3
SECTION 1.4. No Recourse......................................................3

ARTICLE II CONVEYANCE OF THE INITIAL AND ADDITIONAL LOANS AND THE
INITIAL OTHER CONVEYED PROPERTY ..............................................3

SECTION 2.1. Conveyance of the Initial and Additional Loans and the Initial
Other Conveyed Property.......................................................3
SECTION 2.2. Purchase Price of Initial and Additional Loans...................3
SECTION 2.3. Conveyance of Subsequent Loans and Subsequent Other Conveyed
Property......................................................................4

ARTICLE III REPRESENTATIONS AND WARRANTIES....................................5

SECTION 3.1. Representations and Warranties of CFC ...........................5
SECTION 3.2. Representations and Warranties of CFSC...........................6

ARTICLE IV COVENANTS OF CFC...................................................8

SECTION 4.1. Transfer of Loans................................................8
SECTION 4.2. Costs and Expenses...............................................8
SECTION 4.3. Indemnification..................................................9

ARTICLE V REPURCHASES.........................................................9

SECTION 5.1. Repurchase of Loans Upon Breach of Warranty......................9
SECTION 5.2. Reassignment of Purchased Loans ................................10
SECTION 5.3. Waivers.........................................................10

ARTICLE VI MISCELLANEOUS.....................................................10

SECTION 6.1. Liability of CFC................................................10
SECTION 6.2. Merger or Consolidation of CFC or CFSC .........................10
SECTION 6.3. Limitation on Liability of CFC and Others ......................11
SECTION 6.4. Amendment.......................................................11
SECTION 6.5. Notices.........................................................12
SECTION 6.6. Merger and Integration..........................................12
SECTION 6.7. Severability of Provisions......................................12
SECTION 6.8. Intention of the Parties........................................13
SECTION 6.9. Governing Law...................................................13
SECTION 6.10. Counterparts...................................................13

                                       i

<PAGE>

SECTION 6.11. Conveyance of the Initial and Additional Loans and the Initial
Other Conveyed Property to the Trust.........................................13
SECTION 6.12. Nonpetition Covenant...........................................13

                                    SCHEDULES

Schedule A  --  Schedule of Initial and Additional Loans

                                    EXHIBITS

Exhibit A  --  Form of Subsequent Transfer Agreement

Exhibit B  --  Form of Assignment

                                       ii

<PAGE>

                               TRANSFER AGREEMENT
                               ------------------

         THIS TRANSFER AGREEMENT, dated as of January 1, 2002, executed between
Conseco Finance Securitizations Corp., a Minnesota corporation, as purchaser
("CFSC"), and Conseco Finance Corp., a Delaware corporation, as seller ("CFC").

                              W I T N E S S E T H:

         WHEREAS, CFSC has agreed to purchase from CFC and CFC, pursuant to this
Agreement, is transferring to CFSC the certain home equity loans specified in
the Schedule of Initial and Additional Loans attached hereto as Schedule A (the
"Initial and Additional Loans") and the Initial Other Conveyed Property; and

         WHEREAS, CFSC has agreed to purchase from CFC and CFC has agreed to
transfer to CFSC the Subsequent Loans and Subsequent Other Conveyed Property in
an amount set forth herein, prior to May 14, 2002.

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, and for other good and valuable consideration,
the receipt of which is acknowledged, CFSC and CFC, intending to be legally
bound, hereby agree as follows:

                                   ARTICLE I
                                   DEFINITIONS

         SECTION 1.1. General. The specific terms defined in this Article
include the plural as well as the singular. The words "herein," "hereof" and
"hereunder" and other words of similar import refer to this Agreement as a whole
and not to any particular Article, Section or other subdivision, and Article,
Section, Schedule and Exhibit references, unless otherwise specified, refer to
Articles and Sections of and Schedules and Exhibits to this Agreement.
Capitalized terms used herein without definition shall have the respective
meanings assigned to such terms in the Pooling and Servicing Agreement, dated as
of January 1, 2002, by and among Conseco Finance Securitizations Corp. (as
Seller), Conseco Finance Corp. (as Originator and Servicer), and U.S. Bank
National Association, as Trustee (the "Trustee").

         SECTION 1.2. Specific Terms. Whenever used in this Agreement, the
following words and phrases, unless the context otherwise requires, shall have
the following meanings:

         "Agreement" shall mean this Transfer Agreement and all amendments
hereof and supplements hereto.

         "Closing Date" means February 5, 2002.

         "Initial Other Conveyed Property" means all monies at any time paid or
payable on the Initial and Additional Loans or in respect thereof after the
Cut-off Date (excluding amounts due on or before the Cut-off Date but received
by CFC after the Cut-off Date), an assignment of security interests in the
related real estate, the Certificate Account (including all Eligible Investments
therein and all proceeds therefrom), all items contained in the Loan Files
relating to

<PAGE>

the Initial and Additional Loans, any and all other documents or electronic
records that CFC keeps on file in accordance with its customary procedures
relating to the Initial and Additional Loans, the Obligors or the related real
estate, property (including the right to receive future Liquidation Proceeds)
that secures an Initial Loan and that has been acquired by or on behalf of the
Trust pursuant to liquidation of such Initial Loan, and all proceeds of the
foregoing.

         "Initial and Additional Loans" means the Loans listed on the Schedule
of Initial and Additional Loans attached hereto as Schedule A.

         "Other Conveyed Property" means the Initial Other Conveyed Property
conveyed by CFC to CFSC pursuant to this Agreement together with any and all
Subsequent Other Conveyed Property conveyed by CFC to CFSC pursuant to each
Subsequent Transfer Agreement.

         "Pooling and Servicing Agreement" means the Pooling and Servicing
Agreement, dated as of January 1, 2002, executed and delivered by CFC, as
Originator and Servicer, CFSC, as Seller, and the Trustee.

         "Related Documents" means the Certificates, the Pooling and Servicing
Agreement, each Subsequent Transfer Agreement and the Underwriting Agreement
among CFC, CFSC and the underwriters of the Certificates. The Related Documents
to be executed by any party are referred to herein as "such party's Related
Documents," "its Related Documents" or by a similar expression.

         "Repurchase Event" means the occurrence of a breach of any of CFC's
representations and warranties hereunder or under any Subsequent Transfer
Agreement or any other event which requires the repurchase of a Loan by CFC
under the Pooling and Servicing Agreement.

         "Schedule of Initial and Additional Loans" means the schedule of all
Loans sold and transferred pursuant to this Agreement which is attached hereto
as Schedule A.

         "Schedule of Loans" means the Schedule of Initial and Additional Loans
attached hereto as Schedule A as supplemented by each Schedule of Subsequent
Loans attached to each Subsequent Transfer Agreement as Schedule A.

         "Schedule of Subsequent Loans" means the schedule of all Loans sold and
transferred pursuant to a Subsequent Transfer Agreement which is attached to
such Subsequent Transfer Agreement as Schedule A, which Schedule of Subsequent
Loans shall supplement the Schedule of Initial and Additional Loans.

         "Subsequent Loans" means the Loans specified in the Schedule of
Subsequent Loans attached as Schedule A to each Subsequent Transfer Agreement.

         "Subsequent Other Conveyed Property" means the Subsequent Other
Conveyed Property conveyed by CFC to CFSC pursuant to each Subsequent Transfer
Agreement.

         "Subsequent Transfer Agreement" shall have the meaning given in Section
2.3(b)(iii).

                                       2

<PAGE>

         "Trust" means the trust created by the Pooling and Servicing Agreement,
the estate of which consists of the Trust Fund.

         "Trustee" means U.S. Bank National Association, a national banking
association organized and existing under the laws of the United States, not in
its individual capacity but solely as trustee of the Trust, and any successor
trustee appointed and acting pursuant to the Pooling and Servicing Agreement.

         "Trust Property" means the property and proceeds of every description
conveyed by the Seller to the Trustee pursuant to the Pooling and Servicing
Agreement and pursuant to any Subsequent Transfer Instrument, together with the
Certificate Account and the Pre-Funding Account (including all investments of
the Certificate Account and all proceeds therefrom).

         SECTION 1.3. Usage of Terms. With respect to all terms used 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 or the Pooling and
Servicing Agreement; references to Persons include their permitted successors
and assigns; and the terms "include" or "including" mean "include without
limitation" or "including without limitation."

         SECTION 1.4. No Recourse. Without limiting the obligations of CFC
hereunder, no recourse may be taken, directly or indirectly, under this
Agreement or any certificate or other writing delivered in connection herewith
or therewith, against any stockholder, officer or director, as such, of CFC, or
of any predecessor or successor of CFC.

                                   ARTICLE II
                 CONVEYANCE OF THE INITIAL AND ADDITIONAL LOANS
                     AND THE INITIAL OTHER CONVEYED PROPERTY

         SECTION 2.1. Conveyance of the Initial and Additional Loans and the
Initial Other Conveyed Property. Subject to the terms and conditions of this
Agreement, CFC hereby sells, transfers, assigns, and otherwise conveys to CFSC
without recourse (but without limitation of its obligations in this Agreement or
in the Pooling and Servicing Agreement), and CFSC hereby purchases, all right,
title and interest of CFC in and to the Initial and Additional Loans and the
Initial Other Conveyed Property. It is the intention of CFC and CFSC that the
transfer and assignment contemplated by this Agreement shall constitute a sale
of the Initial and Additional Loans and the Initial Other Conveyed Property from
CFC to CFSC, conveying good title thereto free and clear of any Liens, and the
Initial and Additional Loans and the Initial Other Conveyed Property shall not
be part of CFC's estate in the event of the filing of a bankruptcy petition by
or against CFC under any bankruptcy or similar law.

         SECTION 2.2. Purchase Price of Initial and Additional Loans.
Simultaneously with the conveyance of the Initial and Additional Loans and the
Initial Other Conveyed Property to CFSC, CFSC has paid or caused to be paid to
or upon the order of CFC approximately $____________ by wire transfer of
immediately available funds (representing the proceeds to

                                       3

<PAGE>

CFSC from the sale of the Initial and Additional Loans after (i) deducting
expenses of approximately $425,000 incurred by CFSC in connection with such sale
and (ii) depositing the Pre-Funded Amount in the Pre-Funding Account.

         SECTION 2.3. Conveyance of Subsequent Loans and Subsequent Other
Conveyed Property.

         (a) Subject to the conditions set forth in paragraph (b) below and the
terms and conditions in the related Subsequent Transfer Agreement, in
consideration of CFSC's delivery on the related Subsequent Transfer Date to or
upon the order of CFC of an amount equal to the purchase price of the Subsequent
Loans (as set forth in the related Subsequent Transfer Agreement), CFC hereby
agrees to sell, transfer, assign, and otherwise convey to CFSC without recourse
(but without limitation of its obligations in this Agreement and the related
Subsequent Transfer Agreement), and CFSC hereby agrees to purchase all right,
title and interest of CFC in and to the Subsequent Loans and the Subsequent
Other Conveyed Property described in the related Subsequent Transfer Agreement.

         (b) CFC shall transfer to CFSC, and CFSC shall acquire, the Subsequent
Loans and the Subsequent Other Conveyed Property to be transferred on any
Subsequent Transfer Date only upon the satisfaction of each of the following
conditions on or prior to such Subsequent Transfer Date:

                  (i) CFSC shall have provided the Trustee and the Rating
         Agencies with an Addition Notice at least five Business Days prior to
         the Subsequent Transfer Date and shall have provided any information
         reasonably requested by the Trustee with respect to the Subsequent
         Loans;

                  (ii) CFC shall have delivered the related Loan File for each
         Subsequent Loan to the Trustee at least two Business Days prior to the
         Subsequent Transfer Date;

                  (iii) CFC shall have delivered to CFSC a duly executed
         Subsequent Transfer Agreement substantially in the form of Exhibit A
         hereto (the "Subsequent Transfer Agreement"), which shall include a
         List of Loans identifying the related Subsequent Loans;

                  (iv) as of each Subsequent Transfer Date, as evidenced by
         delivery of the Subsequent Transfer Agreement, neither CFC nor CFSC
         shall be insolvent nor shall they have been made insolvent by such
         transfer nor shall they be aware of any pending insolvency;

                  (v) such transfer shall not result in a material adverse tax
         consequence to the Trust (including the REMIC or the Certificateholders
         or Class R Certificateholder;

                  (vi) the Pre-Funding Period shall not have ended; and

                  (vii) no Subsequent Loan will have a Combined LTV greater than
         100%.

                                       4

<PAGE>

         (c) CFC covenants to transfer to CFSC pursuant to paragraph (a) above
Subsequent Loans with aggregate Scheduled Principal Balances of approximately
equal to $__________; provided, however, that the sole remedy of CFSC with
respect to a failure of such covenant shall be to enforce the provisions of
Section 8.08 of the Pooling and Servicing Agreement.

                                  ARTICLE III
                         REPRESENTATIONS AND WARRANTIES

         SECTION 3.1. Representations and Warranties of CFC. CFC makes the
following representations and warranties, on which CFSC relies in purchasing the
Initial and Additional Loans and the Initial Other Conveyed Property and in
transferring the Initial and Additional Loans and the Initial Other Conveyed
Property to the Trustee under the Pooling and Servicing Agreement. Such
representations are made as of the execution and delivery of this Agreement, but
shall survive the sale, transfer and assignment of the Initial and Additional
Loans and the Initial Other Conveyed Property hereunder and the sale, transfer
and assignment thereof by CFSC to the Trustee under the Pooling and Servicing
Agreement. CFC and CFSC agree that CFSC will assign to the Trustee all of CFSC's
rights under this Agreement and that the Trustee will thereafter be entitled to
enforce this Agreement against CFC in the Trustee's own name.

         (a) Representations Regarding Loans. The representations and warranties
set forth in Sections 3.02, 3.04 and 3.05 of the Pooling and Servicing Agreement
are true and correct.

         (b) Organization and Good Standing. CFC has been duly organized and is
validly existing as a corporation in good standing under the laws of the State
of Delaware, with power and authority to own its properties and to conduct its
business as such properties are currently owned and such business is currently
conducted, and had at all relevant times, and now has, power, authority and
legal right to acquire, own and sell the Initial and Additional Loans and the
Initial Other Conveyed Property transferred to CFSC.

         (c) Due Qualification. CFC is duly qualified to do business as a
foreign corporation in good standing, and has obtained all necessary licenses
and approvals, in all jurisdictions in which the ownership or lease of its
property or the conduct of its business requires such qualification.

         (d) Power and Authority. CFC has the power and authority to execute and
deliver this Agreement and its Related Documents and to carry out its terms and
their terms, respectively; CFC has full power and authority to sell and assign
the Initial and Additional Loans and the Initial Other Conveyed Property to be
sold and assigned to and deposited with CFSC hereunder and has duly authorized
such sale and assignment to CFSC by all necessary corporate action; and the
execution, delivery and performance of this Agreement and CFC's Related
Documents have been duly authorized by CFC by all necessary corporate action.

         (e) Valid Sale; Binding Obligations. This Agreement and CFC's Related
Documents have been duly executed and delivered, shall effect a valid sale,
transfer and assignment of the Initial and Additional Loans and the Initial
Other Conveyed Property, enforceable against CFC and creditors of and purchasers
from CFC; and this Agreement and CFC's Related Documents constitute legal, valid
and binding obligations of CFC enforceable in accordance with their

                                       5

<PAGE>

respective terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of
creditors' rights generally and by equitable limitations on the availability of
specific remedies, regardless of whether such enforceability is considered in a
proceeding in equity or at law.

         (f) No Violation. The consummation of the transactions contemplated by
this Agreement and the Related Documents and the fulfillment of the terms of
this Agreement and the Related Documents shall not conflict with, result in any
breach of any of the terms and provisions of or constitute (with or without
notice, lapse of time or both) a default under, the articles of incorporation or
bylaws of CFC, or any indenture, agreement, mortgage, deed of trust or other
instrument to which CFC is a party or by which it is bound, or result in the
creation or imposition of any Lien, upon any of its properties pursuant to the
terms of any such indenture, agreement, mortgage, deed of trust or other
instrument, other than this Agreement and the Pooling and Servicing Agreement,
or violate any law, order, rule or regulation applicable to CFC of any court or
of any federal or state regulatory body, administrative agency or other
governmental instrumentality having jurisdiction over CFC or any of its
properties.

         (g) No Proceedings. There are no proceedings or investigations pending
or, to CFC's knowledge, threatened against CFC, before any court, regulatory
body, administrative agency or other tribunal or governmental instrumentality
having jurisdiction over CFC or its properties (i) asserting the invalidity of
this Agreement or any of the Related Documents, (ii) seeking to prevent the
issuance of the Certificates or the consummation of any of the transactions
contemplated by this Agreement or any of the Related Documents, (iii) seeking
any determination or ruling that might materially and adversely affect the
performance by CFC of its obligations under, or the validity or enforceability
of, this Agreement or any of the Related Documents or (iv) seeking to affect
adversely the federal income tax or other federal, state or local tax attributes
of, or seeking to impose any excise, franchise, transfer or similar tax upon,
the transfer and acquisition of the Initial and Additional Loans and the Initial
Other Conveyed Property hereunder or under the Pooling and Servicing Agreement.

         (h) Chief Executive Office. The chief executive office of CFC is
located at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota
55102-1639.

         (i) Licensing. CFC is duly licensed in each state in which Loans were
originated to the extent CFC is required to be licensed by applicable law in
connection with the origination and servicing of the Loans.

         SECTION 3.2. Representations and Warranties of CFSC. CFSC makes the
following representations and warranties, on which CFC relies in selling,
assigning, transferring and conveying the Initial and Additional Loans and the
Initial Other Conveyed Property to CFSC hereunder. Such representations are made
as of the execution and delivery of this Agreement, but shall survive the sale,
transfer and assignment of the Initial and Additional Loans and the Initial
Other Conveyed Property hereunder and the sale, transfer and assignment thereof
by CFSC to the Trust under the Pooling and Servicing Agreement.

         (a) Organization and Good Standing. CFSC has been duly organized and is
validly existing and in good standing as a corporation under the laws of the
State of Minnesota, with the

                                       6

<PAGE>

power and authority to own its properties and to conduct its business as such
properties are currently owned and such business is currently conducted, and had
at all relevant times, and has, full power, authority and legal right to acquire
and own the Initial and Additional Loans and the Initial Other Conveyed Property
and to transfer the Initial and Additional Loans and the Initial Other Conveyed
Property to the Trust pursuant to the Sale and Servicing Agreement.

         (b) Due Qualification. CFSC is duly qualified to do business as a
foreign corporation in good standing, and has obtained all necessary licenses
and approvals in all jurisdictions where the failure to do so would materially
and adversely affect (i) CFSC's ability to acquire the Initial and Additional
Loans or the Initial Other Conveyed Property, (ii) the validity or
enforceability of the Initial and Additional Loans and the Initial Other
Conveyed Property or (iii) CFSC's ability to perform its obligations hereunder
and under the Related Documents.

         (c) Power and Authority. CFSC has the power, authority and legal right
to execute and deliver this Agreement and its Related Documents and to carry out
the terms hereof and thereof and to acquire the Initial and Additional Loans and
the Initial Other Conveyed Property hereunder; and the execution, delivery and
performance of this Agreement and its Related Documents and all of the documents
required pursuant hereto or thereto have been duly authorized by CFSC by all
necessary action.

         (d) No Consent Required. CFSC is not required to obtain the consent of
any other Person, or any consent, license, approval or authorization or
registration or declaration with, any governmental authority, bureau or agency
in connection with the execution, delivery or performance of this Agreement and
the Related Documents, except for such as have been obtained, effected or made.

         (e) Binding Obligation. This Agreement and each of its Related
Documents constitutes a legal, valid and binding obligation of CFSC, enforceable
against CFSC in accordance with its terms, subject, as to enforceability, to
applicable bankruptcy, insolvency, reorganization, conservatorship,
receivership, liquidation and other similar laws and to general equitable
principles.

         (f) No Violation. The execution, delivery and performance by CFSC of
this Agreement, the consummation of the transactions contemplated by this
Agreement and the Related Documents and the fulfillment of the terms of this
Agreement and the Related Documents do not and will not conflict with, result in
any breach of any of the terms and provisions of or constitute (with or without
notice or lapse of time) a default under the certificate of incorporation or
bylaws of CFSC, or conflict with or breach any of the terms or provisions of, or
constitute (with or without notice or lapse of time) a default under, any
indenture, agreement, mortgage, deed of trust or other instrument to which CFSC
is a party or by which CFSC is bound or to which any of its properties are
subject, or result in the creation or imposition of any Lien upon any of its
properties pursuant to the terms of any such indenture, agreement, mortgage,
deed of trust or other instrument (other than the Pooling and Servicing
Agreement and the Indenture), or violate any law, order, rule or regulation,
applicable to CFSC or its properties, of any federal or state regulatory body or
any court, administrative agency, or other governmental instrumentality having
jurisdiction over CFSC or any of its properties.

                                       7

<PAGE>

         (g) No Proceedings. There are no proceedings or investigations pending,
or, to the knowledge of CFSC, threatened against CFSC, before any court,
regulatory body, administrative agency, or other tribunal or governmental
instrumentality having jurisdiction over CFSC or its properties: (i) asserting
the invalidity of this Agreement or any of the Related Documents, (ii) seeking
to prevent the consummation of any of the transactions contemplated by this
Agreement or any of the Related Documents, (iii) seeking any determination or
ruling that might materially and adversely affect the performance by CFSC of its
obligations under, or the validity or enforceability of, this Agreement or any
of the Related Documents or (iv) that may adversely affect the federal or state
income tax attributes of, or seeking to impose any excise, franchise, transfer
or similar tax upon, the transfer and acquisition of the Initial and Additional
Loans and the Initial Other Conveyed Property hereunder or the transfer of the
Initial and Additional Loans and the Initial Other Conveyed Property to the
Trust pursuant to the Pooling and Servicing Agreement.

         In the event of any breach of a representation and warranty made by
CFSC hereunder, CFC covenants and agrees that it will not take any action to
pursue any remedy that it may have hereunder, in law, in equity or otherwise,
until a year and a day have passed since the later of (i) the date on which all
pass-through certificates or other similar securities issued by the Trust, or a
trust or similar vehicle formed by CFSC, have been paid in full, or (ii) all
Certificates or other similar securities issued by the Trust, or a trust or
similar vehicle formed by CFSC, have been paid in full. CFC and CFSC agree that
damages will not be an adequate remedy for such breach and that this covenant
may be specifically enforced by CFSC or by the Trustee on behalf of the Trust.

                                   ARTICLE IV
                                COVENANTS OF CFC

         SECTION 4.1. Transfer of Loans.

         (a) On or prior to the Closing Date, or the Subsequent Transfer Date in
the case of Subsequent Loans, CFC shall deliver the Loan Files to CFSC. CFC has
filed a form UCC-1 financing statement regarding the sale of the Loans to CFSC,
and shall file continuation statements in respect of such UCC-1 financing
statement as if such financing statement were necessary to perfect such sale.
CFC shall take any other actions necessary to maintain the perfection of the
sale of the Loans to CFSC.

         (b) CFC shall file promptly in the appropriate recording offices the
assignments to the Trustee on behalf of the Trust of the mortgage, deed of trust
or security deed securing each Loan relating to real estate located in Maryland,
and shall deliver to the Trustee an Opinion of Counsel to the effect that the
recordation of assignments of the mortgages, deeds of trust and security deeds,
securing Loans relating to real estate located in any state other than Maryland,
is not necessary to effect the assignment to the Trustee on behalf of the Trust
of CFC's lien on the real property securing such Loans.

         SECTION 4.2. Costs and Expenses. CFC shall pay all reasonable costs and
disbursements in connection with the performance of its obligations hereunder
and under each Subsequent Transfer Agreement and its Related Documents.

                                       8

<PAGE>

         SECTION 4.3. Indemnification.

         (a) CFC will defend and indemnify CFSC against any and all costs,
expenses, losses, damages, claims and liabilities, including reasonable fees and
expenses of counsel and expenses of litigation arising out of or resulting from
the use or ownership of any real estate related to a Loan by CFC or the Servicer
or any Affiliate of either. Notwithstanding any other provision of this
Agreement, the obligation of CFC under this Section shall not terminate upon a
Service Transfer pursuant to Article VII of the Pooling and Servicing Agreement,
except that the obligation of CFC under this Section 4.3 shall not relate to the
actions of any subsequent Servicer after a Service Transfer.

         (b) No obligation or liability to any Obligor under any of the Loans is
intended to be assumed by CFSC under or as a result of this Agreement and the
transactions contemplated hereby and, to the maximum extent permitted and valid
under mandatory provisions of law, CFSC expressly disclaims such assumption.

         (c) CFC agrees to pay, and to indemnify, defend and hold harmless CFSC
from, any taxes which may at any time be asserted with respect to, and as of the
date of, the transfer of the Loans to CFSC, including, without limitation, any
sales, gross receipts, general corporation, personal property, privilege or
license taxes and costs, expenses and reasonable counsel fees in defending
against the same, whether arising by reason of the acts to be performed by CFC
under this Agreement or imposed against CFSC.

         (d) Indemnification under this Section 4.3 shall include, without
limitation, reasonable fees and expenses of counsel and expenses of litigation.
If the Originator has made any indemnity payments to CFSC pursuant to this
Section 4.3 and CFSC thereafter collects any of such amounts from others, CFSC
will repay such amounts collected to CFC, without interest.

                                    ARTICLE V
                                   REPURCHASES

         SECTION 5.1. Repurchase of Loans Upon Breach of Warranty.

         (a) Upon the occurrence of a Repurchase Event CFC shall, unless such
breach shall have been cured in all material respects, repurchase such Loan from
the Trust pursuant to Section 3.06 of the Pooling and Servicing Agreement,
subject to the limitation of Section 3.07 of the Pooling and Servicing
Agreement. It is understood and agreed that, the obligation of CFC to repurchase
any Loan as to which a breach has occurred and is continuing shall, if such
obligation is fulfilled, constitute the sole remedy against CFC for such breach
available to CFSC, the Certificateholders or the Trustee on behalf of
Certificateholders. The provisions of this Section 5.1 are intended to grant the
Trustee a direct right against CFC to demand performance hereunder, and in
connection therewith, CFC waives any requirement of prior demand against CFSC
with respect to such repurchase obligation. Any such purchase shall take place
in the manner specified in Section 3.06 of the Pooling and Servicing Agreement.
Notwithstanding any other provision of this Agreement, any Subsequent Transfer
Agreement or the Pooling and Servicing Agreement or any Subsequent Transfer
Agreement to the contrary, the obligation of CFC under this Section shall not
terminate upon a termination of CFC as Servicer under the

                                       9

<PAGE>

Pooling and Servicing Agreement and shall be performed in accordance with the
terms hereof notwithstanding the failure of the Servicer or CFSC to perform any
of their respective obligations with respect to such Loan under the Pooling and
Servicing Agreement.

         (b) In lieu of repurchasing a Loan when required by Section 5.1(a) of
this Agreement and Section 3.06(a) of the Pooling and Servicing Agreement, CFC
may deliver an Eligible Substitute Loan pursuant to the provisions of Section
3.06(b) of the Pooling and Servicing Agreement.

         (c) In addition to the foregoing and notwithstanding whether the
related Loan shall have been purchased by CFC, CFC shall indemnify the Trustee,
the Trust and the Certificateholders against all costs, expenses, losses,
damages, claims and liabilities, including reasonable fees and expenses of
counsel, which may be asserted against or incurred by any of them as a result of
third party claims arising out of the events or facts giving rise to such
Repurchase Events.

         SECTION 5.2. Reassignment of Purchased Loans. Upon deposit of the
Repurchase Price of any Loan repurchased or replaced by CFC under Section 5.1,
CFSC shall cause the Trustee to take such steps as may be reasonably requested
by CFC in order to assign to CFC all of CFSC's and the Trust's right, title and
interest in and to such Loan and all security and documents and all Other
Conveyed Property conveyed to CFSC and the Trust directly relating thereto,
without recourse, representation or warranty, except as to the absence of liens,
charges or encumbrances created by or arising as a result of actions of CFSC or
the Trustee. Such assignment shall be a sale and assignment outright, and not
for security. If, following the reassignment of a Loan, in any enforcement suit
or legal proceeding, it is held that CFC may not enforce any such Loan on the
ground that it shall not be a real party in interest or a holder entitled to
enforce the Loan, CFSC and the Trustee shall, at the expense of CFC, take such
steps as CFC deems reasonably necessary to enforce the Loan, including bringing
suit in CFSC's or the Trustee's name.

         SECTION 5.3. Waivers. No failure or delay on the part of CFSC, or the
Trustee as assignee of CFSC, in exercising any power, right or remedy under this
Agreement or under any Subsequent Transfer Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any such power, right or
remedy preclude any other or future exercise thereof or the exercise of any
other power, right or remedy.

                                   ARTICLE VI
                                  MISCELLANEOUS

         SECTION 6.1. Liability of CFC. CFC shall be liable in accordance
herewith only to the extent of the obligations in this Agreement or in any
Subsequent Transfer Agreement specifically undertaken by CFC and the
representations and warranties of CFC.

         SECTION 6.2. Merger or Consolidation of CFC or CFSC. Any corporation or
other entity (i) into which CFC or CFSC may be merged or consolidated, (ii)
resulting from any merger or consolidation to which CFC or CFSC is a party or
(iii) succeeding to the business of CFC or CFSC, in the case of CFSC, which
corporation has a certificate of incorporation containing provisions relating to
limitations on business and other matters substantively identical

                                       10

<PAGE>

to those contained in CFSC's certificate of incorporation, provided that in any
of the foregoing cases such corporation shall execute an agreement of assumption
to perform every obligation of CFC or CFSC, as the case may be, under this
Agreement and each Subsequent Transfer Agreement and, whether or not such
assumption agreement is executed, shall be the successor to CFC or CFSC, as the
case may be, hereunder and under each such Subsequent Transfer Agreement
(without relieving CFC or CFSC of its responsibilities hereunder, if it survives
such merger or consolidation) without the execution or filing of any document or
any further act by any of the parties to this Agreement or each Subsequent
Transfer Agreement. CFC or CFSC shall promptly inform the other party and the
Trustee of such merger, consolidation or purchase and assumption.
Notwithstanding the foregoing, as a condition to the consummation of the
transactions referred to in clauses (i), (ii) and (iii) above, (x) immediately
after giving effect to such transaction, no representation or warranty made
pursuant to Sections 3.1 and 3.2 and the Pooling and Servicing Agreement, or
similar representation or warranty made in any Subsequent Transfer Agreement,
shall have been breached (for purposes hereof, such representations and
warranties shall speak as of the date of the consummation of such transaction),
(y) CFC or CFSC, as applicable, shall have delivered written notice of such
consolidation, merger or purchase and assumption to the Rating Agencies prior to
the consummation of such transaction and shall have delivered to the Trustee an
Officer's Certificate and an Opinion of Counsel each stating that such
consolidation, merger or succession and such agreement of assumption comply with
this Section 6.3 and that all conditions precedent, if any, provided for in this
Agreement, or in each Subsequent Transfer Agreement, relating to such
transaction have been complied with, and (z) CFC or CFSC, as applicable, shall
have delivered to the Trustee an Opinion of Counsel, stating that, in the
opinion of such counsel, either (A) all financing statements and continuation
statements and amendments thereto have been executed and filed that are
necessary to preserve and protect the interest of the Trustee in the Trust
Property and reciting the details of the filings or (B) no such action shall be
necessary to preserve and protect such interest.

         SECTION 6.3. Limitation on Liability of CFC and Others. CFC shall not
be under any obligation to appear in, prosecute or defend any legal action that
is not incidental to its obligations under this Agreement, any Subsequent
Transfer Agreement or its Related Documents and that in its opinion may involve
it in any expense or liability.

         SECTION 6.4. Amendment.

         (a) This Agreement and any Subsequent Transfer Agreement may be amended
by CFC and CFSC and without the consent of the Trustee or any of the
Certificateholders (A) to cure any ambiguity or (B) to correct any provisions in
this Agreement or any such Subsequent Transfer Agreement; provided, however,
that such action shall not, as evidenced by an Opinion of Counsel delivered to
the Trustee, adversely affect in any material respect the interests of any
Certificateholder.

         (b) This Agreement may also be amended from time to time by CFC and
CFSC, with the prior written consent of the Trustee and the Holders of
Certificates representing, in the aggregate, 66 2/3% or more of the Aggregate
Certificate Principal Balance, 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 Certificateholders; provided,
however, that no such amendment shall (i) increase or reduce in any manner the
amount of, or

                                       11

<PAGE>

accelerate or delay the timing of, collections of payments on the Loans or,
distributions that are required to be made on any Certificate or (ii) reduce the
aforesaid percentage required to consent to any such amendment or any waiver
hereunder, without the consent of the Holders of all Certificates then
outstanding.

         (c) This Agreement shall not be amended under this Section without the
consent of 100% of the Certificateholders and the Class R Certificateholder if
such amendment would result in the disqualification of the Trust as a REMIC
under the Code.

         (d) Concurrently with the solicitation of any consent pursuant to this
Section 6.4, CFSC shall furnish written notification to S&P and Moody's.
Promptly after the execution of any amendment or consent pursuant to this
Section 6.4, CFSC shall furnish written notification of the substance of such
amendment to S&P and Moody's, each Certificateholder and the Class R
Certificateholder.

         (e) It shall not be necessary for the consent of Certificateholders
pursuant to this Section 6.4 to approve the particular form of any proposed
amendment or consent, but it shall be sufficient if such consent shall approve
the substance thereof. The manner of obtaining such consents and of evidencing
the authorization of the execution thereof by Certificateholders shall be
subject to such reasonable requirements as the Trustee may prescribe, including
the establishment of record dates. The consent of any Holder of a Certificate
given pursuant to this Section or pursuant to any other provision of this
Agreement shall be conclusive and binding on such Holder and on all future
Holders of such Certificate and of any Certificate issued upon the transfer
thereof or in exchange thereof or in lieu thereof whether or not notation of
such consent is made upon the Certificate.

         SECTION 6.5. Notices. All demands, notices and communications to CFC or
CFSC hereunder shall be in writing, personally delivered, or sent by telecopier
(subsequently confirmed in writing), reputable overnight courier or mailed by
certified mail, return receipt requested, and shall be deemed to have been given
upon receipt (a) in the case of CFC, to Conseco Finance Corp., 1100 Landmark
Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639, Attention: Chief
Financial Officer, or such other address as shall be designated by CFC in a
written notice delivered to the other party or to the Trustee or (b) in case of
CFSC, to Conseco Finance Securitizations Corp., 300 Landmark Towers, 345 St.
Peter Street, Saint Paul, Minnesota 55102-1639, Attention: Chief Financial
Officer.

         SECTION 6.6. Merger and Integration. Except as specifically stated
otherwise herein, this Agreement and the Related Documents set forth the entire
understanding of the parties relating to the subject matter hereof, and all
prior understandings, written or oral, are superseded by this Agreement and the
Related Documents. This Agreement may not be modified, amended, waived or
supplemented except as provided herein.

         SECTION 6.7. Severability of Provisions. If any one or more of the
covenants, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then such covenants, provisions or terms shall be
deemed severable from the remaining covenants, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other
provisions of this Agreement.

                                       12

<PAGE>

         SECTION 6.8. Intention of the Parties. The execution and delivery of
this Agreement and of each Subsequent Transfer Agreement shall constitute an
acknowledgment by CFC and CFSC that they intend that each assignment and
transfer herein and therein contemplated constitute a sale and assignment
outright, and not for security, of the Initial and Additional Loans and the
Initial Other Conveyed Property and the Subsequent Loans and Subsequent Other
Conveyed Property, as the case may be, conveying good title thereto free and
clear of any liens, from CFC to CFSC, and that the Initial and Additional Loans
and the Initial Other Conveyed Property and the Subsequent Loans and Subsequent
Other Conveyed Property shall not be a part of CFC's estate in the event of the
bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding,
or other proceeding under any federal or state bankruptcy or similar law, or the
occurrence of another similar event, of, or with respect to, CFC. In the event
that such conveyance is determined to be made as security for a loan made by
CFSC, the Trust or the Certificateholders to CFC, the parties intend that CFC
shall have granted to CFSC a security interest in all of CFC's right, title and
interest in and to the Initial and Additional Loans and the Initial Other
Conveyed Property and the Subsequent Loans and Subsequent Other Conveyed
Property, as the case may be, conveyed pursuant to Section 2.1 hereof or
pursuant to any Subsequent Transfer Agreement, and that this Agreement and each
Subsequent Transfer Agreement shall constitute a security agreement under
applicable law.

         SECTION 6.9. Governing Law. This Agreement shall be construed in
accordance with, the laws of the State of Minnesota without regard to the
principles of conflicts of laws thereof, and the obligations, rights and
remedies of the parties under this Agreement shall be determined in accordance
with such laws.

         SECTION 6.10. Counterparts. For the purpose of facilitating the
execution of this Agreement and for other purposes, this Agreement may be
executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts
shall constitute but one and the same instrument.

         SECTION 6.11. Conveyance of the Initial and Additional Loans and the
Initial Other Conveyed Property to the Trust. CFC acknowledges that CFSC
intends, pursuant to the Pooling and Servicing Agreement, to convey the Initial
and Additional Loans and the Initial Other Conveyed Property, together with its
rights under this Agreement, to the Trust on the date hereof. CFC acknowledges
and consents to such conveyance and waives any further notice thereof and
covenants and agrees that the representations and warranties of CFC contained in
this Agreement and the rights of CFSC hereunder are intended to benefit the
Trustee, the Trust, and the Certificateholders. In furtherance of the foregoing,
CFC covenants and agrees to perform its duties and obligations hereunder, in
accordance with the terms hereof for the benefit of the Trustee, the Trust, and
the Certificateholders and that, notwithstanding anything to the contrary in
this Agreement, CFC shall be directly liable to the Trustee and the Trust
(notwithstanding any failure by the Servicer or CFSC to perform its duties and
obligations hereunder or under the Pooling and Servicing Agreement) and that the
Trustee may enforce the duties and obligations of CFC under this Agreement
against CFC for the benefit of the Trust and the Certificateholders.

         SECTION 6.12. Nonpetition Covenant. Neither CFSC nor CFC shall petition
or otherwise invoke the process of any court or government authority for the
purpose of commencing or sustaining a case against the Trust (or, in the case of
CFC, against CFSC) under

                                       13

<PAGE>

any federal or state bankruptcy, insolvency or similar law or appointing a
receiver, liquidator, assignee, trustee, custodian, sequestrator or other
similar official of the Trust (or CFSC) or any substantial part of its property,
or ordering the winding up or liquidation of the affairs of the Trust (or CFSC).

                                       14

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Transfer Agreement to
be duly executed by their respective officers this 5th day of February, 2002.

                                   CONSECO FINANCE SECURITIZATIONS CORP.,
                                   as Purchaser

                                   By
                                      -----------------------------------------
                                       Timothy R. Jacobson
                                       Vice President and Assistant Treasurer

                                   CONSECO FINANCE CORP., as Seller

                                   By
                                      -----------------------------------------
                                      Timothy R. Jacobson
                                      Vice President and Assistant Treasurer

                                       15

<PAGE>

                                   SCHEDULE A

                    SCHEDULE OF INITIAL AND ADDITIONAL LOANS

           [Included as Exhibit L to Pooling and Servicing Agreement]

<PAGE>

                                                                       EXHIBIT A

                                     FORM OF

                          SUBSEQUENT TRANSFER AGREEMENT

                                     between

                      CONSECO FINANCE SECURITIZATIONS CORP.

                                    Purchaser

                                       and

                              CONSECO FINANCE CORP.

                                     Seller

                                   dated as of

                                 ________, 2002

<PAGE>

         SUBSEQUENT TRANSFER AGREEMENT, dated as of ________, 2002, between
Conseco Finance Securitizations Corp., a Minnesota corporation, as purchaser
("CFSC"), and Conseco Finance Corp., a Delaware corporation, as seller ("CFC"),
pursuant to the Transfer Agreement, dated as of January 1, 2002, between CFSC
and CFC.

                              W I T N E S S E T H:

         WHEREAS, CFC and CFSC are parties to a Transfer Agreement, dated as of
January 1, 2002 (as amended or supplemented, the "Transfer Agreement");

         WHEREAS, pursuant to the Transfer Agreement and this Agreement, CFSC
has agreed to purchase from CFC and CFC is transferring to CFSC the Subsequent
Loans and the Subsequent Other Conveyed Property.

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, and for other good and valuable consideration,
the receipt of which is acknowledged, CFSC and CFC, intending to be legally
bound, hereby agree as follows:

         1. Defined Terms. Capitalized terms used but not otherwise defined
herein shall have the respective meanings assigned to such terms in the Transfer
Agreement.

         "Agreement" means this Subsequent Transfer Agreement and all amendments
hereof and all supplements hereto.

         "Schedule of Subsequent Loans" means the schedule of all home equity
loans sold and transferred pursuant to this Agreement attached hereto as
Schedule A, which Schedule of Subsequent Loans shall supplement the Schedule of
Initial and Additional Loans attached to the Transfer Agreement.

         "Subsequent Cutoff Date" shall mean, with respect to the Subsequent
Loans conveyed hereby, May 14, 2002.

         "Subsequent Other Conveyed Property" means, for the purposes of this
Agreement, all monies at any time paid or payable on the Subsequent Loans
conveyed hereby or in respect thereof after the Subsequent Cut-off Date
(including amounts due on or before the Subsequent Cut-off Date but received by
CFC after the Subsequent Cut-off Date), an assignment of security interests in
the related real estate and any and all other documents or electronic records
that CFC keeps on file in accordance with its customary procedures relating to
the Subsequent Loans, the Obligors or the related real estate, property
(including the right to receive future Liquidation Proceeds) that secures a
Subsequent Loan and that has been acquired by or on behalf of the Trust pursuant
to liquidation of such Subsequent Loan, and all proceeds of the foregoing.

         "Subsequent Loans" means, for purposes of this Agreement, the Loans
listed in the Schedule of Subsequent Loans.

         2. Conveyance of the Subsequent Loans and the Subsequent Other Conveyed
Property. Subject to the terms and conditions of this Agreement and the Transfer
Agreement, CFC hereby sells, transfers, assigns, and otherwise conveys to CFSC
without recourse (but

<PAGE>

without limitation of its obligations in this Agreement and the Transfer
Agreement), and CFSC hereby purchases, all right, title and interest of CFC in
and to the Subsequent Loans and the Subsequent Other Conveyed Property. It is
the intention of CFC and CFSC that the transfer and assignment contemplated by
this Agreement shall constitute a sale of the Subsequent Loans and the
Subsequent Other Conveyed Property from CFC to CFSC, conveying good title
thereto free and clear of any Liens, and the Subsequent Loans and the Subsequent
Other Conveyed Property shall not be part of CFC's estate in the event of the
filing of a bankruptcy petition by or against CFC under any bankruptcy or
similar law.

         3. Purchase Price. Simultaneously with the conveyance of the Subsequent
Loans and the Subsequent Other Conveyed Property to CFSC, CFSC has paid or
caused to be paid to or upon the order of CFC, by wire transfer of immediately
available funds (representing certain proceeds to CFSC from the sale of the
Certificates on deposit in the Pre-Funding Account), the amount of funds as
specified below:

                  (i) Principal Balance of Subsequent Loans:    $_______

                  (ii) Proceeds to CFC:                         $_______

         4. Representations and Warranties of CFC. CFC makes the following
representations and warranties, on which CFSC relies in purchasing the
Subsequent Loans and the Subsequent Other Conveyed Property an in transferring
the Subsequent Loans and the Subsequent Other Conveyed Property to the Trust
under the Subsequent Transfer Agreement. Such representations are made as of the
execution and delivery of this Agreement, but shall survive the sale, transfer
and assignment of the Subsequent Loans and the Subsequent Other Conveyed
Property hereunder, and the sale, transfer and assignment thereof by CFSC to the
Trust under the Subsequent Transfer Agreement. CFC and CFSC agree that CFSC will
assign to the Trust all of CFSC's rights under the Agreement, and that the Trust
will thereafter be entitled to enforce this Agreement against CFC in the Trust's
own name.

                  (a) Schedule of Representations. The representations and
         warranties set forth in Sections 3.02, 3.03 and 3.04 of the Pooling and
         Servicing Agreement are true and correct.

                  (b) Organization and Good Standing. CFC has been duly
         organized and is validly existing as a corporation in good standing
         under the laws of the State of Delaware, with power and authority to
         own its properties and to conduct its business as such properties are
         currently owned and such business is currently conducted, and had at
         all relevant times, and now has, power, authority and legal right to
         acquire, own and sell the Subsequent Loans and the Subsequent Other
         Conveyed Property transferred to CFSC.

                  (c) Due Qualification. CFC is duly qualified to do business as
         a foreign corporation in good standing, and has obtained all necessary
         licenses and approvals, in all jurisdictions in which the ownership or
         lease of its property or the conduct of its business requires such
         qualification.

                  (d) Power and Authority. CFC has the power and authority to
         execute and deliver this Agreement and the Subsequent Transfer
         Agreement and to carry out its terms

                                       2

<PAGE>

         and their terms, respectively; CFC has full power and authority to sell
         and assign the Subsequent Loans and the Subsequent Other Conveyed
         Property to be sold and assigned to and deposited with CFSC hereunder
         and has duly authorized such sale and assignment to CFSC by all
         necessary corporate action; and the execution, delivery and performance
         of this Agreement and the Subsequent Transfer Agreement have been duly
         authorized by CFC by all necessary corporate action.

                  (e) Valid Sale; Binding Obligations. This Agreement and the
         Subsequent Transfer Agreement have been duly executed and delivered,
         shall effect a valid sale, transfer and assignment of the Subsequent
         Loans and the Subsequent Other Conveyed Property, enforceable against
         CFC and creditors of and purchasers from CFC; and this Agreement
         constitutes the legal, valid and binding obligation of CFC enforceable
         in accordance with its terms, except as enforceability may be limited
         by bankruptcy, insolvency, reorganization or other similar laws
         affecting the enforcement of creditors' rights generally and by
         equitable limitations on the availability of specific remedies,
         regardless of whether such enforceability is considered in a proceeding
         in equity or at law.

                  (f) No Violation. The consummation of the transactions
         contemplated by this Agreement and the Subsequent Transfer Agreement
         and the fulfillment of the terms of this Agreement and the Subsequent
         Transfer Agreement shall not conflict with, result in any breach of any
         of the terms and provisions of or constitute (with or without notice,
         lapse of time or both) a default under, the certificate of
         incorporation or bylaws of CFC, or any indenture, agreement, mortgage,
         deed of trust or other instrument to which CFC is a party or by which
         it is bound, or result in the creation or imposition of any lien upon
         any of its properties pursuant to the terms of any such indenture,
         agreement, mortgage, deed of trust or other instrument, other than this
         Agreement and the Subsequent Transfer Agreement, or violate any law,
         order, rule or regulation applicable to CFC of any court or of any
         federal or state regulatory body, administrative agency or other
         governmental instrumentality having jurisdiction over CFC or any of its
         properties.

                  (g) No Proceedings. There are no proceedings or investigations
         pending or, to CFC's knowledge, threatened against CFC, before any
         court, regulatory body, administrative agency or other tribunal or
         governmental instrumentality having jurisdiction over CFC or its
         properties (i) asserting the invalidity of this Agreement or the
         Subsequent Transfer Agreement, (ii) seeking to prevent or the
         consummation of any of the transactions contemplated by this Agreement
         or the Subsequent Transfer Agreement, (iii) seeking any determination
         or ruling that might materially and adversely affect the performance by
         CFC of its obligations under, or the validity or enforceability of,
         this Agreement or the Subsequent Transfer Agreement, or (iv) seeking to
         affect adversely the federal income tax or other federal, state or
         local tax attributes of, or seeking to impose any excise, franchise,
         transfer or similar tax upon, the transfer and acquisition of the
         Subsequent Loans and the Subsequent Other Conveyed Property hereunder
         or under the Subsequent Transfer Agreement.

                  (h) Insolvency. As of the Subsequent Cut-off Date and the
         Subsequent Transfer Date, neither CFC nor CFSC is insolvent nor will
         either of them have been made

                                       3

<PAGE>

         insolvent after giving effect to the conveyance set forth in Section 2
         of this Agreement, nor are any of them aware of any pending insolvency.

                  (i) Chief Executive Office. The chief executive office of CFC
         is located at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul,
         Minnesota 55102-1639.

                  (j) Licensing. CFC is duly licensed in each state in which
         Loans were originated to the extent CFC is required to be licensed by
         applicable law in connection with the origination and servicing of the
         Loans.

         5. Representations and Warranties of CFSC. CFSC makes the following
representations and warranties, on which CFC relies in selling, assigning,
transferring and conveying the Subsequent Loans and the Subsequent Other
Conveyed Property to CFSC hereunder. Such representations are made as of the
execution and delivery of this Agreement, but shall survive the sale, transfer
and assignment of the Subsequent Loans and the Subsequent Other Conveyed
Property hereunder and the sale, transfer and assignment thereof by CFSC to the
Trust under the Subsequent Transfer Instrument.

                  (a) Organization and Good Standing. CFSC has been duly
         organized and is validly existing and in good standing as a corporation
         under the laws of the State of Minnesota, with the power and authority
         to own its properties and to conduct its business as such properties
         are currently owned and such business is currently conducted, and had
         at all relevant times, and has, full power, authority and legal right
         to acquire and own the Subsequent Loans and the Subsequent Other
         Conveyed Property, and to transfer the Subsequent Loans and the
         Subsequent Other Conveyed Property to the Trust pursuant to the
         Subsequent Transfer Instrument.

                  (b) Due Qualification. CFSC is duly qualified to do business
         as a foreign corporation in good standing, and has obtained all
         necessary licenses and approvals in all jurisdictions where the failure
         to do so would materially and adversely affect CFSC's ability to
         acquire the Subsequent Loans or the Subsequent Other Conveyed Property
         or the validity or enforceability of the Subsequent Loans and the
         Subsequent Other Conveyed Property or to perform CFSC's obligations
         hereunder and under the Subsequent Transfer Instrument.

                  (c) Power and Authority. CFSC has the power, authority and
         legal right to execute and deliver this Agreement and to carry out the
         terms hereof and to acquire the Subsequent Loans and the Subsequent
         Other Conveyed Property hereunder; and the execution, delivery and
         performance of this Agreement and all of the documents required
         pursuant hereto have been duly authorized by CFSC by all necessary
         action.

                  (d) No Consent Required. CFSC is not required to obtain the
         consent of any other Person, or any consent, license, approval or
         authorization or registration or declaration with, any governmental
         authority, bureau or agency in connection with the execution, delivery
         or performance of this Agreement and the Subsequent Transfer Agreement,
         except for such as have been obtained, effected or made.

                                       4

<PAGE>

                  (e) Binding Obligation. This Agreement constitutes a legal,
         valid and binding obligation of CFSC, enforceable against CFSC in
         accordance with its terms, subject, as to enforceability, to applicable
         bankruptcy, insolvency, reorganization, conservatorship, receivership,
         liquidation and other similar laws and to general equitable principles.

                  (f) No Violation. The execution, delivery and performance by
         CFSC of this Agreement, the consummation of the transactions
         contemplated by this Agreement and the Subsequent Transfer Instrument
         and the fulfillment of the terms of this Agreement and the Subsequent
         Transfer Instrument do not and will not conflict with, result in any
         breach of any of the terms and provisions of, or constitute (with or
         without notice or lapse of time) a default under, the articles of
         incorporation or bylaws of CFSC, or conflict with or breach any of the
         terms or provisions of, or constitute (with or without notice or lapse
         of time) a default under, any indenture, agreement, mortgage, deed of
         trust or other instrument to which CFSC is a party or by which CFSC is
         bound or to which any of its properties are subject, or result in the
         creation or imposition of any lien upon any of its properties pursuant
         to the terms of any such indenture, agreement, mortgage, deed of trust
         or other instrument (other than the Pooling and Servicing Agreement and
         the Subsequent Transfer Instrument), or violate any law, order, rule or
         regulation, applicable to CFSC or its properties, of any federal or
         state regulatory body, any court, administrative agency, or other
         governmental instrumentality having jurisdiction over CFSC or any of
         its properties.

                  (g) No Proceedings. There are no proceedings or investigations
         pending, or, to the knowledge of CFSC, threatened against CFSC, before
         any court, regulatory body, administrative agency, or other tribunal or
         governmental instrumentality having jurisdiction over CFSC or its
         properties: (i) asserting the invalidity of this Agreement or the
         Subsequent Transfer Instrument, (ii) seeking to prevent the
         consummation of any of the transactions contemplated by this Agreement
         or the Subsequent Transfer Instrument, (iii) seeking any determination
         or ruling that might materially and adversely affect the performance by
         CFSC of its obligations under, or the validity or enforceability of,
         this Agreement or the Subsequent Transfer Instrument, or (iv) that may
         adversely affect the federal or state income tax attributes of, or
         seeking to impose any excise, franchise, transfer or similar tax upon,
         the transfer and acquisition of the Subsequent Loans and the Subsequent
         Other Conveyed Property hereunder or the transfer of the Subsequent
         Loans and the Subsequent Other Conveyed Property to the Trust pursuant
         to the Subsequent Transfer Instrument.

In the event of any breach of a representation and warranty made by CFSC
hereunder, CFC covenants and agrees that it will not take any action to pursue
any remedy that it may have hereunder, in law, in equity or otherwise, until a
year and a day have passed since the date on which all pass-through certificates
or other similar securities issued by the Trust, or a trust or similar vehicle
formed by CFSC, have been paid in full. CFC and CFSC agree that damages will not
be an adequate remedy for such breach and that this covenant may be specifically
enforced by CFSC or by the Trustee on behalf of the Trust.

         6. Conditions Precedent. The obligation of CFSC to acquire the
Subsequent Loans and the Subsequent Other Conveyed Property hereunder is subject
to the satisfaction, on or prior

                                       5

<PAGE>

to the Subsequent Transfer Date, of the following conditions precedent, and CFC
hereby confirms that such conditions precedent are satisfied;

                  (a) Representations and Warranties. Each of the
         representations and warranties made by the CFC in Section 4 of this
         Agreement and in Section 3.1 of the Transfer Agreement shall be true
         and correct as of the date of this Agreement and as of the Subsequent
         Transfer Date.

                  (b) Transfer Agreement Conditions. Each of the conditions set
         forth in Section 2.3(b) of the Transfer Agreement applicable to the
         conveyance of Subsequent Loans and the Subsequent Other Conveyed
         Property shall have been satisfied.

                  (c) Additional Information. CFC has have delivered to CFSC
         such information as was reasonably requested by CFSC to satisfy itself
         as to (i) the accuracy of the representations and warranties set forth
         in Section 4 of this Agreement and in Section 3.1 of the Transfer
         Agreement and (ii) the satisfaction of the conditions set forth in this
         Section 6.

         7. Ratification of Transfer Agreement. As supplemented by this
Agreement, the Transfer Agreement is in all respects ratified and confirmed and
the Transfer Agreement as so supplemented by this Agreement shall be read, taken
and construed as one and the same instrument.

         8. Governing Law. This Agreement shall be construed in accordance with
the laws of the State of Minnesota without regard to the principles of conflicts
of laws thereof, and the obligations, rights and remedies of the parties under
this Agreement shall be determined in accordance with such laws.

         9. Counterparts. For the purposes of facilitating the execution of this
Agreement and for other purposes, this Agreement may be executed simultaneously
in any number of counterparts, each of which counterparts shall be deemed to be
an original, and all of which counterparts shall constitute but one and the same
instrument.

         10. Conveyance of the Subsequent Loans and the Subsequent Other
Conveyed Property to the Trust. CFC acknowledges that CFSC intends, pursuant to
a Subsequent Transfer Instrument, to convey the Subsequent Loans and the
Subsequent Other Conveyed Property, together with its rights under this
Agreement and under the Transfer Agreement, to the Trust on the date hereof. CFC
acknowledges and consents to such conveyance and waives any further notice
thereof and covenants and agrees that the representations and warranties of CFC
contained in this Agreement and the rights of CFSC hereunder and thereunder are
intended to benefit the Trustee, the Trust and the Certificateholders. In
furtherance of the foregoing, CFC covenants and agrees to perform its duties and
obligations hereunder and under the Transfer Agreement, in accordance with the
terms hereof and thereof for the benefit of the Trustee, the Trust and the
Certificateholders and that, notwithstanding anything to the contrary in this
Agreement or in the Transfer Agreement, CFC shall be directly liable to the
Trustee and the Trust (notwithstanding any failure by CFSC to perform its duties
and obligations hereunder or under the Pooling and Servicing Agreement or the
Subsequent Transfer Agreement) and that the Trustee may enforce

                                       6

<PAGE>

the duties and obligations of CFC under this Agreement and the Transfer
Agreement against CFC for the benefit of the Trust and the Certificateholders.

                                       7

<PAGE>

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

                                   CONSECO FINANCE SECURITIZATIONS
                                   CORP., as Purchaser

                                   By
                                      -----------------------------------------
                                      [Name]
                                      [Title]

                                   CONSECO FINANCE CORP., as Seller

                                   By
                                      -----------------------------------------
                                      [Name]
                                      [Title]

                                       8

<PAGE>

                                                                       EXHIBIT B

                               FORM OF ASSIGNMENT

         In accordance with the Transfer Agreement (the "Agreement") dated as of
January 1, 2002, between the undersigned and Conseco Finance Securitizations
Corp., the undersigned does hereby transfer, convey and assign, set over and
otherwise convey, without recourse, to Conseco Finance Home Equity Loan Trust
2002-A, created by the Agreement, to be held in trust as provided in the
Agreement, (i) all right, title and interest in the home equity loans identified
in the List of Loans attached to the Agreement (including, without limitation,
all related mortgages, deeds of trust and security deeds and any and all rights
to receive payments on or with respect to the Loans due after the applicable
Cut-off Date), (ii) all rights under any hazard, flood or other individual
insurance policy on the real estate securing a Loan for the benefit of the
creditor of such Initial and Additional Loan, (iii) all rights Conseco Finance
Corp. may have against the originating lender with respect to Initial and
Additional Loans originated by a lender other than Conseco Finance Corp., (iv)
all rights of the Seller under the Transfer Agreement, (v) all rights under the
Errors and Omissions Protection Policy and the Fidelity Bond as such policy and
bond relate to the Initial and Additional Loans, (vi) all rights under any title
insurance policies, if applicable, on any of the properties securing Initial and
Additional Loans, (vii) all documents contained in the Loan Files relating to
the Initial and Additional Loans, (viii) amounts in the Certificate Account and
the Pre-Funding Account (including all proceeds of investments of the funds in
Certificate Account) and (ix) all proceeds and products of the foregoing.

         This Assignment is made pursuant to and upon the representations and
warranties on the part of the undersigned contained in Article III of the
Agreement and no others. All undefined capitalized terms used in this Assignment
have the meanings given them in the Agreement.

         IN WITNESS WHEREOF, the undersigned has caused this Assignment to be
duly executed this _____ day of __________, 2002.

CONSECO FINANCE CORP.

[Seal]                            By:
                                      -----------------------------------------
                                      [Name]
                                      [Title]Exhibit 10.2

                              EMPLOYMENT AGREEMENT

BETWEEN:

                                B TWELVE LIMITED.
                   (hereinafter referred to as the "Company")

                                      -and-

                                 DR. URI SAGMAN
                  (hereinafter referred to as the "Executive")

WHEREAS the Company is a wholly owned subsidiary of B Twelve Inc., a corporation
existing under the laws of the State of Florida; and

WHEREAS the Company is desirous of employing the services of the Executive and
the Executive is desirous of providing his services to the Company on the terms
and in accordance with the provisions hereinafter set forth;

WHEREAS the Company acknowledges that the Executive has other activities: he is
a Director, President and Chief Executive Officer of GRN International Inc., a
contract research organization and C Sixty Inc., a biotechnology company.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the services,
payments, terms, provisions and covenants hereinafter set forth, the parties
agree as follows:

1.       The Company hereby engages the Executive as Chairman and Chief
         Scientific Officer. The Executive will devote a sufficient portion of
         his business time and effort to carry out the performance and duties as
         reported in Schedule A, attached hereto, and under this agreement and
         shall conform to all lawful instructions and directions given to him by
         the Board of Directors of the Company.

2.       This agreement shall commence June 1, 2001 and continue for a period of
         two (2) years until May 31, 2003 at which time it shall come to an end
         unless earlier terminated in accordance with the terms of this
         agreement.

3.       In consideration of the services performed by the Executive, the
         Company shall pay to the Executive an annual salary in the amount of
         C$100,000.00, commencing upon such date as the parent company
         successfully raises funds in the amount of US$1,500,000.00, to the
         satisfaction of the Company's payments until this objective is
         achieved. The Executive shall also receive options in accordance with
         the Option Agreement attached hereto.

                                   Page 1 of 4
<PAGE>

4.       Vacation time will be granted to the Executive on a discretionary
         basis. Under no circumstances will vacation time be less than that
         required pursuant to the Employment Standards Act of Ontario.

5.       The Executive will be entitled to employee benefits pursuant to the
         policy in place for employees of the Company.

6.       The Executive will obtain a life insurance policy in the amount of
         C$500,000.00 with the Company as sole beneficiary pursuant to the
         policy. The Executive will be fully reimbursed by the Company for the
         cost of the insurance premiums.

7.       The Executive will be reimbursed by the Company for all legitimate and
         authorized expenses incurred by the Executive in the course of his
         employment with an on behalf of the Company.

8.       The Executive may terminate this agreement by giving to the Company
         written notice equal to two (2) months. Where the Executive provides
         such notice of termination, the Company may, in its sole discretion,
         waive all or part of such notice, and the Executive shall not be
         entitled to any compensation for the period of notice so waived, except
         as may be required pursuant to the Employment Standards Act of Ontario.

9.       The Company may terminate this agreement without cause at any time by
         providing the Executive with notice as required by the Employment
         Standards Act of Ontario.

10.      Notwithstanding paragraph 9, the Company may terminate this agreement
         for just cause at any time without notice and without compensation to
         the Executive. For the purposes of the agreement, "cause" shall be
         defined as set out in paragraph 2 (i) to (iv) inclusive of the Option
         Agreement attached hereto.

11.      All confidential records, material, and information and copies thereof
         and all trade secrets (and without restricting the generality of the
         foregoing, including inventions, discoveries and methods of processing
         and production) concerning the business or affairs of the Company
         obtained by the Executive in the course of his employment shall remain
         the exclusive property of the Company. During the Executive's
         employment, or at any time thereafter, the Executive shall not divulge
         the contents of such confidential records or any of such than to the
         Company or Company's qualified employees, and the Executive shall not,
         following the termination of his employment hereunder for any reason,
         use the contents of such confidential records or such confidential
         information or trade secrets for any purpose whatsoever, Under no
         circumstances shall the Executive remove any books, records or
         documents or copies thereof (whether or not confidential) for the
         Company's offices, nor shall the Executive make any copies of such
         books, records or documents or copies thereof for use outside the
         Company's office,

                                   Page 2 of 4
<PAGE>

         except as is reasonably required in the performance of his duties
         hereunder or as specifically authorized by the Company.

12.      This agreement constitutes the entire agreement between the parties
         hereto pertaining to the subject matter hereof. The agreement may only
         be amended by an agreement in writing executed by the parties hereto.

13.      This agreement shall not be assigned by either party hereto without the
         prior written consent of the other.

14.      The illegality or unenforceability of any term of terms of this
         agreement shall not affect the legality of enforceability of any other
         term or terms. Should any term of this agreement be held to be
         unenforceable by a Court or other body having jurisdiction, then this
         agreement shall be interpreted and construed as though such illegal or
         unenforceable term was omitted.

15.      The obligations of the Executive and the rights of the Company pursuant
         to paragraph 11 shall survive the termination of this agreement for any
         reason whatsoever and shall continue thereafter in full force and
         effect.

16.      The Executive acknowledges and agrees that he has had an opportunity to
         obtain independent legal advice with respect to this agreement and that
         he executes this agreement voluntarily, with full knowledge of its
         terms and conditions.

17.      The agreement shall be governed by and interpreted in accordance with
         the laws of the Province of Ontario.

IN       WITNESS WHEREOF the parties have executed this agreement at
         ______________ in the Province of Ontario.

---------------------------------   ----------------------------------
Witness                             B Twelve Ltd.
                                    per:

-----------------                   ------------------
Date                                Date

                                    ----------------------------------
                                    Dr. Uri Sagman

                                    ------------------
                                    Date

                                   Page 3 of 4
<PAGE>

                                   SCHEDULE A

Expected performance and duties to be carry out by the Executive under this
Agreement:

[checkmark]   Chair and conduct meetings of the Board of Directors,

[checkmark]   Responsible for Research and Development activities,

[checkmark]   Monitor on-going Company R&D progress to ensure that appropriate
              steps such as patent filings are taken to protect new and
              innovative discoveries; Co-manage the intellectual property,
              including the patent portfolio,

[checkmark]   Monitor on-going Company R&D progress to ensure that program
              timetable is realistic and met with budget and on schedule,

[checkmark]   Work with Board members and management in raising additional
              capital for the Corporation,

[checkmark]   Evaluate in-licensing opportunities, identify and solicit
              potential licensees or co-development partners for Company's
              technology and product candidates, and negotiate contractual
              terms.

[checkmark]   Provide agenda of key issues from business operations for
              resolution and adoption by the Board,

[checkmark]   Draft and review of printed materials prepared for public
              consumption such as business plan or investor/partner
              presentation,

[checkmark]   Prepare on a quarterly basis a corporate progress report as well
              as an annual report at year-end to be submitted to the Board of
              Directors,

                                   Page 4 of 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]