Document:

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                                                                     Exhibit 4.2

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                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.
                                     Seller

                     DEUTSCHE FINANCIAL SERVICES CORPORATION
                                    Servicer

                                       and

                                       [ ]
                                     Trustee

                                   ----------

                              SERIES [ ] SUPPLEMENT

                                 Dated as of [ ]

                                       to

              AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT

                            Dated as of April 1, 2000

                                   ----------

             DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST
                                   SERIES [ ]

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                               PAGE
<S>             <C>                                                                            <C>
                                                ARTICLE I

                                 Creation of the Series [ ] Certificates

SECTION 1.1     Designation................................................................        1

                                               ARTICLE II

                                               Definitions

SECTION 2.1     Definitions................................................................        1

                                               ARTICLE III

                                              Servicing Fee

SECTION 3.1     Servicing Compensation.....................................................       14

                                               ARTICLE IV

                               Rights of Series [ ] Certificateholders and
                               Allocation and Application of Collections

SECTION 4.1     Allocations; Payments to Seller............................................       16
SECTION 4.2     Monthly Interest; Determination of Certificate Rate........................       16
SECTION 4.3     Determination of Monthly Principal.........................................       17
SECTION 4.4     Establishment of Reserve Fund and Funding Accounts.........................       18
SECTION 4.5     Deficiency Amount..........................................................       21
SECTION 4.6     Application of Investor Non-Principal Collections, Investment Proceeds,
                Servicer Advances and Available Investor Principal Collections.............       21
SECTION 4.7     Distributions to Series [  ] Certificateholders............................       24
SECTION 4.8     Application of Reserve Fund................................................       26
SECTION 4.9     Investor Charge-Offs.......................................................       26
SECTION 4.10    Excess Servicing...........................................................       27
SECTION 4.11    Excess Principal Collections...............................................       27
SECTION 4.12    Excess Funding Account.....................................................       27
SECTION 4.13    Yield Supplement Account...................................................       29
</TABLE>
                                        i
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<TABLE>
                                               ARTICLE V

                                      Distribution and Reports to
                                     Series [ ] Certificateholders

<S>             <C>                                                                            <C>
SECTION 5.1     Distributions..............................................................       29
SECTION 5.2     Reports and Statements to Series [  ] Certificateholders...................       30

                                               ARTICLE VI

                                        Early Amortization Events

SECTION 6.1     Additional Early Amortization Events.......................................       30

                                               ARTICLE VII

                                           Optional Repurchase

SECTION 7.1     Optional Repurchase........................................................       32

                                              ARTICLE VIII

                                           Final Distributions

SECTION 8.1     Sale of Certificateholders' Interest Pursuant to Section 2.3 of the
                Agreement; Distributions Pursuant to Section 7.1 of this Series
                Supplement or Section 2.3 or 12.2(c) of the Agreement......................       32
SECTION 8.2     Distribution of Proceeds of Sale, Disposition or Liquidation of the
                Receivables Pursuant to Section 9.2 of the Agreement.......................       34

                                               ARTICLE IX

                                        Miscellaneous Provisions

SECTION 9.1     Securities Law Filings.....................................................       34
SECTION 9.2     Ratification of Agreement..................................................       34
SECTION 9.3     Counterparts...............................................................       35
SECTION 9.4     Governing Law..............................................................       35
SECTION 9.5     Limitation of Class C Certificates.........................................       35
SECTION 9.6     The Trustee; Paying Agent; Transfer Agent and Registrar....................       39
SECTION 9.7     Instructions in Writing....................................................       39
SECTION 9.8     Initial Funding of Reserve Fund............................................       39
SECTION 9.9     Severability; Certificate Rate Limitation..................................       39
SECTION 9.10    Headings...................................................................       40
</TABLE>

                                       ii
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<TABLE>

<S>             <C>                                                                            <C>
SECTION 9.11    Certain Matters Relating to Luxembourg Stock Exchange Listing..............       40
</TABLE>

                                       iii

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EXHIBITS

<TABLE>
<S>             <C>
Exhibit A       Form of Certificate
Exhibit B       Distribution Date Statement
Exhibit C       Form of Representation Letter

SCHEDULES

Schedule 1      Accounts
Schedule 2      Initial Principal Amounts of Certificates
</TABLE>

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      SERIES [ ] SUPPLEMENT dated as of [ ] (this "Series Supplement"), among
DEUTSCHE FLOORPLAN RECEIVABLES, L.P., a Delaware limited partnership, as Seller,
DEUTSCHE FINANCIAL SERVICES CORPORATION, a Nevada corporation, as Servicer, and
[ ], a [ ], as Trustee.

      Pursuant to Section 6.3 of the Amended and Restated Pooling and Servicing
Agreement, dated as of April 1, 2000 (the "Agreement"), among the Seller, the
Servicer and the Trustee, the Seller may from time to time direct the Trustee to
issue, on behalf of the Trust, one or more new Series of Investor Certificates.

      Pursuant to this Series Supplement, the Seller and the Trustee shall
create a new Series of Investor Certificates and specify the Principal Terms
thereof.

                                    ARTICLE I

                     Creation of the Series [ ] Certificates

      SECTION 1.1 Designation. (a) There is hereby created a Series of Investor
Certificates to be issued pursuant to the Agreement and this Series Supplement
to be known as the "Floating Rate Asset Backed Certificates, Series [ ]" or the
"Series [ ] Certificates", which shall consist of three Classes to be known,
respectively, as the "Floating Rate Asset Backed Certificates, Series [ ], Class
A," "Floating Rate Asset Backed Certificates, Series [ ], Class B" and "Floating
Rate Asset Backed Certificates, Series [ ], Class C."

      (b) In the event that any term or provision contained herein shall
conflict with or be inconsistent with any term or provision contained in the
Agreement, the terms and provisions of this Series Supplement shall govern.

                                   ARTICLE II

                                   Definitions

      SECTION 2.1 Definitions. (a) Whenever used in this Series Supplement the
following words and phrases shall have the following meanings:

      "Accumulation Period" shall mean, unless an Early Amortization Event shall
have occurred prior thereto (other than an Early Amortization Event which has
resulted in an Early Amortization Period which has ended as described in clause
(c) of the definition of Early Amortization Period in the Agreement), the period
commencing on the Accumulation Period Commencement Date and ending upon the
earlier of (a) the commencement of an Early Amortization Period and (b) the
Expected Final Payment Date.

      "Accumulation Period Commencement Date" shall mean the first day of the
calendar month which is the fourth calendar month prior to the calendar month in
which the Expected Final Payment
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Date occurs; provided, however, that upon written notice to the Trustee, the
Servicer may elect to postpone the Accumulation Period Commencement Date so that
the number of months included in the Accumulation Period shall equal or exceed
the Accumulation Period Length; provided further, however, that such election
shall only be permitted if the Accumulation Period Length is less than four
months; provided further, however, that the Accumulation Period Commencement
Date shall not be postponed beyond the first day of the calendar month which is
the second calendar month prior to the calendar month in which the Expected
Final Payment Date occurs.

      "Accumulation Period Length" shall mean, as determined by the Servicer on
each Determination Date, beginning with the Determination Date occurring in the
calendar month which is the fifth calendar month prior to the calendar month in
which the Expected Final Payment Date occurs, the number of calendar months that
the Servicer expects to be required so that sufficient funds are on deposit in
the Principal Funding Account no later than the Expected Final Payment Date to
pay the outstanding principal balances of the Certificates, based on (a) the
expected monthly collections of Principal Receivables expected to be
distributable to the Series [ ] Certificateholders assuming a principal payment
rate no greater than the lowest Monthly Payment Rate on the Receivables for the
preceding three months, so that, for example, if the lowest Monthly Payment Rate
for that preceding three month period is 50% or more, the number of calendar
months required would be two; if the lowest Monthly Payment Rate for that
preceding three month period is between 33.33% and 50%, the number of calendar
months required would be three; and if the lowest Monthly Payment Rate for that
preceding three month period is between 25% and 33.33%, the number of calendar
months required would be four; and (b) the amount of principal expected to be
distributable to Investor Certificateholders of other Series which are expected
to be in their accumulation or amortization periods during the Accumulation
Period.

      "Additional Early Amortization Event" shall have the meaning specified in
Section 6.1.

      "Additional Interest" shall mean the sum of the Class A Additional
Interest, the Class B Additional Interest and the Class C Additional Interest.

      "Adjustment Date" shall mean, with respect to any Interest Period, the
second London Business Day preceding such Interest Period; provided that with
respect to the first Interest Period, the Adjustment Date shall be [ ].

      "Allocable Miscellaneous Payments" shall mean, with respect to any
Distribution Date, the product of (a) a fraction, the numerator of which is the
Series [ ] Allocation Percentage for the related Collection Period and the
denominator of which is the sum of the series allocation percentages for all
Series not in their revolving periods, and (b) Miscellaneous Payments with
respect to the related Collection Period.

      "Available Investor Principal Collections" shall mean, with respect to any
Distribution Date, the sum of (a) an amount equal to Investor Principal
Collections for such Distribution Date, (b) Allocable Miscellaneous Payments
with respect to such Distribution Date, (c) any funds remaining in the Yield
Supplement Account at the beginning of the Accumulation Period or upon the

                                       2
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occurrence of an Early Amortization Event and (d) on the Termination Date, any
funds in the Reserve Fund after giving effect to Section 4.8.

      "Carry-over Amount" shall mean the sum of the Class A Carry-over Amount,
the Class B Carry-over Amount and the Class C Carry-over Amount.

      "Certificate Rate" means any of the Class A Certificate Rate, the Class B
Certificate Rate or the Class C Certificate Rate.

      "Certificateholders" shall mean, collectively, the Class A
Certificateholders, the Class B Certificateholders and the Class C
Certificateholders.

      "Certificateholders' Monthly Servicing Fee" shall have the meaning
specified in Section 3.1.

      "Certificates" shall mean, collectively, the Class A Certificates, the
Class B Certificates and the Class C Certificates.

      "Class A Additional Interest" shall have the meaning specified in Section
4.2(a).

      "Class A Carry-over Amount" shall mean, with respect to a Distribution
Date an amount equal to the excess, if any, of (a) the amount equal to the Class
A Monthly Interest for such Distribution Date calculated as if the Class A
Certificate Rate for such Distribution Date were based on LIBOR rather than the
Net Receivables Rate, over (b) the actual Class A Monthly Interest for such
Distribution Date.

      "Class A Carry-over Amount Additional Interest" for a Distribution Date
shall mean an amount equal to the product of:

      (a)   the Class A Certificate Rate for the Interest Period then ended;

      (b)   a fraction, the numerator of which is the actual number of days in
            that Interest Period and the denominator of which is 360; and

      (c)   any unpaid Class A Carry-over Amount, if any, for the previous
            Distribution Date.

      "Class A Certificate Rate" shall mean, for an Interest Period and the
Distribution Date immediately following such Interest Period, a rate per annum
equal to the lesser of (i) LIBOR plus [ ] per annum and (ii) the related Net
Receivables Rate.

      "Class A Certificateholders" shall mean the Holders of Class A
Certificates.

                                       3
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      "Class A Certificates" shall mean any one of the "Floating Rate Asset
Backed Certificates, Series [ ], Class A" executed by the Seller and
authenticated by the Trustee, substantially in the form of Exhibit A.

      "Class A Initial Invested Amount" shall mean, for any date, the initial
principal amount of the Class A Certificates, which is set forth in Schedule 2,
plus (x) the product of (i) the Class A Percentage multiplied by (ii) the amount
of any withdrawals from the Excess Funding Account in connection with an
increase in Pool Balance since the Closing Date, minus (y) the product of (i)
the Class A Percentage multiplied by (ii) the amount of any additions to the
Excess Funding Account in connection with a reduction in the Pool Balance since
the Closing Date.

      "Class A Interest Shortfall" shall have the meaning specified in Section
4.2(a).

      "Class A Invested Amount" shall mean, for any date, an amount equal to the
result of (i) the Class A Initial Invested Amount, minus (ii) the aggregate
amount of principal payments made to Class A Certificateholders prior to such
date, minus (iii) the aggregate amount of all unreimbursed Class A Investor
Charge-Offs; provided that the Class A Invested Amount shall not be less than
zero.

      "Class A Investor Charge-Off" shall have the meaning specified in Section
4.9.

      "Class A Monthly Interest" on any Distribution Date shall be an amount
equal to the product of (i) the Class A Certificate Rate, (ii) a fraction the
numerator of which is the actual number of days in the related Interest Period
and the denominator of which is 360, and (iii) (A) the outstanding principal
balance of the Class A Certificates as of the close of business on the preceding
Distribution Date (after giving effect to all repayments of principal made to
Class A Certificateholders on such preceding Distribution Date, if any) or (B)
in the case of the first Distribution Date with respect to Series [ ], the
initial principal amount of the Class A Certificates as set forth in Schedule 2.

      "Class A Percentage" shall mean the percentage equivalent of a fraction,
the numerator of which is the outstanding principal balance of the Class A
Certificates and the denominator of which is the outstanding principal balance
of all Certificates.

      "Class A Pool Factor" shall mean, with respect to any Determination Date,
a number carried out to eleven decimals representing the ratio of the
outstanding principal balance of the Class A Certificates as of such
Determination Date (determined after taking into account any reduction in the
outstanding principal balance of the Class A Certificates which shall occur on
the following Distribution Date) to the initial principal balance of the Class A
Certificates.

      "Class B Additional Interest" shall have the meaning specified in Section
4.2(a).

      "Class B Carry-over Amount" shall mean, with respect to a Distribution
Date, an amount equal to the excess, if any, of (a) the amount equal to the
Class B Monthly Interest for such Distribution Date calculated as if the Class B
Certificate Rate for such Distribution Date were based

                                       4
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on LIBOR rather than the Net Receivables Rate, over (b) the actual Class B
Monthly Interest for such Distribution Date.

      "Class B Carry-over Amount Additional Interest" for a Distribution Date
shall mean an amount equal to the product of:

      (a)   the Class B Certificate Rate for the Interest Period then ended;

      (b)   a fraction, the numerator of which is the actual number of days in
            that Interest Period and the denominator of which is 360; and

      (c)   any unpaid Class B Carry-over Amount, if any, for the previous
            Distribution Date.

      "Class B Certificate Rate" shall mean, for an Interest Period and the
Distribution Date immediately following such Interest Period, a rate per annum
equal to the lesser of (i) LIBOR plus [ ] per annum and (ii) the related Net
Receivables Rate.

      "Class B Certificateholders" shall mean the Holders of Class B
Certificates.

      "Class B Certificates" shall mean any one of the "Floating Rate Asset
Backed Certificates, Series [ ], Class B" executed by the Seller and
authenticated by the Trustee, substantially in the form of Exhibit A.

      "Class B Initial Invested Amount" shall mean, for any date, the initial
principal amount of the Class B Certificates, which is set forth in Schedule 2,
plus (x) the product of (i) the Class B Percentage multiplied by (ii) the amount
of any withdrawals from the Excess Funding Account in connection with an
increase in Pool Balance since the Closing Date, minus (y) the product of (i)
the Class B Percentage multiplied by (ii) the amount of any additions to the
Excess Funding Account in connection with a reduction in the Pool Balance since
the Closing Date.

      "Class B Interest Shortfall" shall have the meaning specified in Section
4.2(a).

      "Class B Invested Amount" shall mean, for any date, an amount equal to the
result of (i) the Class B Initial Invested Amount, minus (ii) the aggregate
amount of principal payments made to Class B Certificateholders prior to such
date, minus (iii) the aggregate amount of all unreimbursed Class B Investor
Charge-Offs; provided that the Class B Invested Amount shall not be less than
zero.

      "Class B Investor Charge-Off" shall have the meaning specified in Section
4.9.

      "Class B Monthly Interest" on any Distribution Date shall be an amount
equal to the product of (i) the Class B Certificate Rate, (ii) a fraction the
numerator of which is the actual number of days in the related Interest Period
and the denominator of which is 360, and (iii) (A) the outstanding

                                       5
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principal balance of the Class B Certificates as of the close of business on the
preceding Distribution Date (after giving effect to all repayments of principal
made to Class B Certificateholders on such preceding Distribution Date, if any)
or (B) in the case of the first Distribution Date with respect to Series [ ],
the initial principal amount of the Class B Certificates as set forth in
Schedule 2.

      "Class B Percentage" shall mean the percentage equivalent of a fraction,
the numerator of which is the outstanding principal balance of the Class B
Certificates and the denominator of which is the outstanding principal balance
of all Certificates.

      "Class B Pool Factor" shall mean, with respect to any Determination Date,
a number carried out to eleven decimals representing the ratio of the
outstanding principal balance of the Class B Certificates as of such
Determination Date (determined after taking into account any reduction in the
outstanding principal balance of the Class B Certificates which shall occur on
the following Distribution Date) to the initial principal balance of the Class B
Certificates.

      "Class C Additional Interest" shall have the meaning specified in Section
4.2(a).

      "Class C Carry-over Amount" shall mean, with respect to a Distribution
Date, an amount equal to the excess, if any, of (a) the amount equal to the
Class C Monthly Interest for such Distribution Date calculated as if the Class C
Certificate Rate for such Distribution Date were based on LIBOR rather than the
Net Receivables Rate, over (b) the actual Class C Monthly Interest for such
Distribution Date.

      "Class C Carry-over Amount Additional Interest" for a Distribution Date
shall mean an amount equal to the product of:

      (a)   the Class C Certificate Rate for the Interest Period then ended;

      (b)   a fraction, the numerator of which is the actual number of days in
            that Interest Period and the denominator of which is 360; and

      (c)   any unpaid Class C Carry-over Amount, if any, for the previous
            Distribution Date.

      "Class C Certificate Rate" shall mean, for an Interest Period and the
Distribution Date immediately following such Interest Period, a rate per annum
equal to the lesser of (i) LIBOR plus [ ] per annum and (ii) the related Net
Receivables Rate.

      "Class C Certificateholders" shall mean the Holders of Class C
Certificates.

      "Class C Certificates" shall mean any one of the "Floating Rate Asset
Backed Certificates, Series [ ], Class C" executed by the Seller and
authenticated by the Trustee, substantially in the form of Exhibit A.

                                       6
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      "Class C Initial Invested Amount" shall mean, for any date, the initial
principal amount of the Class C Certificates, which is set forth in Schedule 2,
plus (x) the product of (i) the Class C Percentage multiplied by (ii) the amount
of any withdrawals from the Excess Funding Account in connection with an
increase in Pool Balance since the Closing Date, minus (y) the product of (i)
the Class C Percentage multiplied by (ii) the amount of any additions to the
Excess Funding Account in connection with a reduction in the Pool Balance since
the Closing Date.

      "Class C Interest Shortfall" shall have the meaning specified in Section
4.2(a).

      "Class C Invested Amount" shall mean, for any date, an amount equal to the
result of (i) the Class C Initial Invested Amount, minus (ii) the aggregate
amount of principal payments made to Class C Certificateholders prior to such
date, minus (iii) the aggregate amount of all unreimbursed Class C Investor
Charge-Offs; provided that the Class C Invested Amount shall not be less than
zero.

      "Class C Investor Charge-Off" shall have the meaning specified in Section
4.9.

      "Class C Monthly Interest" on any Distribution Date shall be an amount
equal to the product of (i) the Class C Certificate Rate, (ii) a fraction the
numerator of which is the actual number of days in the related Interest Period
and the denominator of which is 360, and (iii) (A) the outstanding principal
balance of the Class C Certificates as of the close of business on the preceding
Distribution Date (after giving effect to all repayments of principal made to
Class C Certificateholders on such preceding Distribution Date, if any) or (B)
in the case of the first Distribution Date with respect to Series [ ], the
initial principal amount of the Class C Certificates as set forth in Schedule 2.

      "Class C Percentage" shall mean the percentage equivalent of a fraction,
the numerator of which is the outstanding principal balance of the Class C
Certificates and the denominator of which is the outstanding principal balance
of all Certificates.

      "Class C Pool Factor" shall mean, with respect to any Determination Date,
a number carried out to eleven decimals representing the ratio of the
outstanding principal balance of the Class C Certificates as of such
Determination Date (determined after taking into account any reduction in the
outstanding principal balance of the Class C Certificates which shall occur on
the following Distribution Date) to the initial principal balance of the Class C
Certificates.

      "Closing Date" shall mean [ ].

      "Code" shall mean the Internal Revenue Code of 1986, as amended.

      "Controlled Accumulation Amount" shall mean the quotient obtained by
dividing the Invested Amount as of the Determination Date on which the
Accumulation Period Length is determined (after giving effect to any changes
therein on such date) by the number of months comprising the Accumulation Period
Length.

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<PAGE>

      "Controlled Deposit Amount" shall mean, for any Distribution Date with
respect to the Accumulation Period, the excess, if any, of (i) the product of
the Controlled Accumulation Amount and the number of Distribution Dates from and
including the first Distribution Date during the Accumulation Period through and
including such Distribution Date over (ii) the sum of amounts on deposit in the
Excess Funding Account and the Principal Funding Account, in each case before
giving effect to any withdrawals from or deposits to such accounts on such
Distribution Date.

      "Deficiency Amount" shall have the meaning specified in Section 4.5.

      "Distribution Date Statement" shall have the meaning specified in Section
5.2(a).

      "Early Amortization Event" shall mean any Early Amortization Event
specified in Section 9.1 of the Agreement, together with any Additional Early
Amortization Event specified in Section 6.1 of this Series Supplement.

      "Early Amortization Period" shall mean an Early Amortization Period (as
defined in the Agreement) with respect to Series [ ].

      "Excess Funding Account" shall have the meaning specified in Section
4.4(d).

      "Excess Principal Collections" shall mean the amounts equal to the
balances referred to as such in Sections 4.6(b)(ii) and 4.6(c)(ii).

      "Excess Servicing", shall mean, with respect to any Distribution Date, the
amount, if any, specified pursuant to Section 4.6(a)(xi) with respect to such
Distribution Date.

      "Expected Final Payment Date" shall mean the [ ] Distribution Date.

      "Floating Allocation Percentage" shall mean, with respect to any
Collection Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Invested Amount as of
the last day of the immediately preceding Collection Period and the denominator
of which is the Unconcentrated Pool Balance as of such last day; provided,
however, for the Collection Period in which the Closing Date occurs, the
Floating Allocation Percentage shall mean the percentage equivalent of a
fraction, the numerator of which is the sum of the initial principal balances of
the Series [ ] Certificates and the denominator of which is the Unconcentrated
Pool Balance on the last day of the Collection Period immediately preceding the
Closing Date.

      "Initial Invested Amount" shall equal the sum of the Class A Initial
Invested Amount, the Class B Initial Invested Amount and the Class C Initial
Invested Amount.

      "Interest Funding Account" shall have the meaning specified in Section
4.4(b).

                                       8
<PAGE>

      "Interest Period" shall mean, with respect to any Distribution Date, the
period from and including the Distribution Date immediately preceding such
Distribution Date (or, in the case of the first Distribution Date, from and
including the Closing Date) to but excluding such Distribution Date.

      "Invested Amount" shall mean, for any date, the sum of the Class A
Invested Amount, the Class B Invested Amount and the Class C Invested Amount.

      "Investment Proceeds" shall mean, with respect to any Distribution Date,
all interest and other investment earnings (net of losses and investment
expenses) on the related Determination Date on funds on deposit in the Series [
] Accounts, together with an amount equal to the Series [ ] Allocation
Percentage of the interest and other investment earnings (net of losses and
investment expenses) on funds held in the Collection Account credited as of the
related Determination Date to the Collection Account pursuant to Section 4.2 of
the Agreement.

      "Investor Default Amount" shall mean, with respect to any Distribution
Date, an amount equal to the product of (a) the Defaulted Amount for the related
Collection Period, after giving effect to any allocation of any portion of that
Defaulted Amount to the Dealer Overconcentration Series, and (b) the Floating
Allocation Percentage for the related Collection Period.

      "Investor Non-Principal Collections" shall mean, with respect to any
Distribution Date, an amount equal to the product of (i) the Floating Allocation
Percentage for the related Collection Period and (ii) Non-Principal Collections
deposited in the Collection Account for the related Collection Period after
giving effect to any allocations to the Dealer Overconcentration Series for such
Collection Period.

      "Investor Principal Collections" shall mean, with respect to any
Distribution Date, the sum of (a) the product of (i) the Floating Allocation
Percentage, with respect to the Revolving Period, or the Principal Allocation
Percentage, with respect to the Accumulation Period or an Early Amortization
Period, for the related Collection Period (or the portion of the Collection
Period which occurs as part of the first Collection Period during an Early
Amortization Period), and (ii) Principal Collections for the related Collection
Period after giving effect to any allocations to the Dealer Overconcentration
Series for such Collection Period and (b) the amount, if any, of Non-Principal
Collections to be allocated with respect to the Investor Default Amount or
unreimbursed Class A, Class B or Class C Investor Charge-Offs pursuant to
Section 4.6(a)(vi) or 4.6(a)(vii); provided that in the case of clause (a), if
for any Distribution Date the sum of the Floating Allocation Percentage (if the
Revolving Period is in effect), the Principal Allocation Percentage (if the
Early Amortization Period or the Accumulation Period is in effect), the floating
allocation percentages for all other outstanding Series of Investor Certificates
in their revolving periods and the principal allocation percentages for all
other outstanding Series of Investor Certificates in their early amortization or
accumulation periods exceeds 100%, then, after giving effect to any allocations
to the Dealer Overconcentration Series, Principal Collections shall be allocated
among all Series (including Series [ ]) pari passu and pro rata on the basis of
such floating allocation percentages and principal allocation percentages.

                                       9
<PAGE>

      "LIBOR" shall mean, with respect to any Interest Period, the offered rates
for deposits in United States dollars having a maturity of one month (the "Index
Maturity") commencing on the related Adjustment Date which appears on the
Telerate Page 3750 as of approximately 11:00 A.M., London time, on the date of
calculation as determined by the Trustee. If at least two such offered rates
appear on the Telerate Page 3750, LIBOR shall be the arithmetic mean (rounded
upwards, if necessary, to the nearest one-sixteenth of a percent) of such
offered rates. If fewer than two such offered rates appear, LIBOR with respect
to such Interest Period shall be determined at approximately 11:00 A.M., London
time, on such Adjustment Date on the basis of the rate at which deposits in
United States dollars having the Index Maturity are offered to prime banks in
the London interbank market by four major banks in the London interbank market
selected by the Trustee and in a principal amount equal to an amount of not less
than U.S. $1,000,000 and that is representative for a single transaction in such
market at such time. The Trustee shall request the principal London office of
each of such banks to provide a quotation of its rate. If at least two such
banks quote rates to the Trustee, LIBOR shall be the arithmetic mean (rounded
upwards, if necessary, as aforesaid) of such quotations. If fewer than two of
such banks quote rates to the Trustee, LIBOR with respect to such Interest
Period shall be the arithmetic mean (rounded upwards as aforesaid) of the rates
quoted at approximately 11:00 A.M., New York City time, on such Adjustment Date
by three major banks in New York, New York selected by the Trustee for loans in
United States dollars to leading European banks having the Index Maturity and in
a principal amount equal to an amount of not less than U.S. $1,000,000 and that
is representative for a single transaction in such market at such time;
provided, however, that if the banks selected as aforesaid are not providing
quotations as mentioned in this sentence, LIBOR in effect for the applicable
period shall be LIBOR in effect for the previous period. If any Certificates are
listed on the Luxembourg Stock Exchange, then, on or prior to each Distribution
Date, the Trustee shall cause the Listing Agent (pursuant to a listing agency
agreement between the Trustee and the Listing Agent which is mutually
satisfactory to the Servicer, the Trustee and the Listing Agent) to notify the
Luxembourg Stock Exchange of the interest rates applicable to such Certificates
for the Interest Period commencing on such Distribution Date.

      "Listing Agent" shall mean, if the Class A Certificates or Class B
Certificates are listed on the Luxembourg Stock Exchange, Kredietbank S.A.
Luxembourgeoise, as additional Paying Agent and additional Transfer Agent and
Registrar in Luxembourg for the Class A Certificates and the Class B
Certificates, or any successor thereto.

      "London Business Day" shall mean any business day on which dealings in
deposits in United States dollars are transacted in the London interbank market.

      "Monthly Interest" shall have the meaning specified in Section 4.2.

      "Monthly Principal" shall have the meaning specified in Section 4.3.

      "Monthly Servicing Fee" shall have the meaning specified in Section 3.1.

      "Net Receivables Rate" shall mean, with respect to each Distribution Date
immediately following an Interest Period, (i) the weighted average of the
interest rates borne by the Receivables

                                       10
<PAGE>

during the second Collection Period preceding such Distribution Date (interest
payments on the Receivables at such rates being due and payable in the
Collection Period preceding such Distribution Date) plus (ii) the product of (x)
the Monthly Payment Rate for the Collection Period preceding such Distribution
Date, (y) the Discount Factor for such Distribution Date and (z) twelve less
(iii) 2% per annum, unless the Monthly Servicing Fee has been waived in whole or
in part for such Distribution Date, in which case, solely for that Distribution
Date, "2% per annum" will be deemed to be replaced by "0% per annum".

      "Principal Allocation Percentage" shall mean, with respect to any
Collection Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Invested Amount as of
the last day of the Revolving Period and the denominator of which is the
Unconcentrated Pool Balance as of the last day of the immediately preceding
Collection Period.

      "Principal Funding Account" shall have the meaning specified in Section
4.4(c).

      "Private Holder" shall mean each holder of a right to receive interest or
principal in respect of any direct or indirect interest in the Trust, including
any financial instrument or contract the value of which is determined in whole
or part by reference to the Trust (including the Trust's assets, income of the
Trust or distributions made by the Trust), excluding any interest in the Trust
represented by any Series or Class of Certificates or any other interests as to
which the Trustee has received an Opinion of Counsel to the effect that such
Series, Class or other interest shall be treated as debt or otherwise not as an
equity interest in either the Trust or the Receivables for federal income tax
purposes (unless such interest is convertible or exchangeable into an interest
in the Trust or the Trust's income or such interest provides for payment of
equivalent value). Notwithstanding the immediately preceding sentence, "Private
Holder" shall also include any other Person that the Seller determines is a
"partner" within the meaning of Section 1.7704-1(h)(1)(ii) of the U.S. Treasury
Regulations (including by reason of Section 1.7704-1(h)(3)) or any successor
provision of law. Any Person holding more than one interest in the Trust, each
of which separately would cause such Person to be a Private Holder, shall be
treated as a single Private Holder. Each holder of an interest in a Private
Holder which is a partnership, S corporation or a grantor trust under the
Internal Revenue Code shall be treated as a Private Holder unless excepted with
the consent of the Seller (which consent shall be based on an Opinion of Counsel
generally to the effect that the action taken pursuant to the consent shall not
cause the Trust to become a publicly traded partnership treated as a
corporation). Notwithstanding anything to the contrary herein, each Class C
Certificateholder shall be considered to be a Private Holder.

      "Reassignment Amount" shall mean, with respect to any Distribution Date,
after giving effect to any deposits and distributions otherwise to be made on
such Distribution Date, the sum of (i) the Invested Amount on such Distribution
Date and (ii) the amounts distributable pursuant to Section 4.7(a)(i).

      "Required Participation Percentage" shall mean, with respect to Series [
], 105%; provided, however, that the Seller may, upon 10 days' prior notice to
the Trustee, each Rating Agency and any

                                       11
<PAGE>

Enhancement Provider, reduce the Required Participation Percentage to a
percentage which shall not be less than 100%; provided, however, that the Rating
Agency Condition is satisfied.

      "Reserve Fund" shall have the meaning specified in Section 4.4(a).

      "Reserve Fund Deposit Amount" shall mean, with respect to any Distribution
Date, the amount, if any, by which (i) the Reserve Fund Required Amount for such
Distribution Date exceeds (ii) the amount of funds in the Reserve Fund after
giving effect to any withdrawals therefrom on such Distribution Date.

      "Reserve Fund Required Amount" shall mean, with respect to any
Distribution Date, an amount equal to the product of (a) three and one-half
percent (3.5%) and (b) the aggregate outstanding principal balance of the Series
[ ] Certificates as of such Distribution Date (after giving effect to any
changes therein on such Distribution Date).

      "Revolving Period" shall mean the period beginning at the opening of
business on the Closing Date and ending on the earlier of (a) the close of
business on the day immediately preceding the Accumulation Period Commencement
Date, and (b) the close of business on the day an Early Amortization Period
commences; provided, however, that, if any Early Amortization Period ends as
described in clause (c) of the definition of Early Amortization Period in the
Agreement, the Revolving Period shall recommence as of the close of business on
the day such Early Amortization Period ends.

      "Securities Act" shall mean the Securities Act of 1933, as amended.

      "Series [ ]" or the "Series [ ] Certificates" shall mean the Series of
Investor Certificates, the terms of which are specified in this Series
Supplement.

      "Series [ ] Accounts" shall have the meaning specified in Section 4.4(f).

      "Series [ ] Allocation Percentage" for a Collection Period shall mean the
percentage equivalent of a fraction, the numerator of which is the Invested
Amount on the last Business Day of the Collection Period immediately preceding
such Collection Period and the denominator of which is the Trust Invested Amount
on such last Business Day.

      "Series [ ] Certificateholders" shall mean, collectively, the Class A
Certificateholders, the Class B Certificateholders and the Class C
Certificateholders.

      "Series [ ] Certificateholders' Interest" shall mean that portion of the
Certificateholders' Interest evidenced by the Series [ ] Certificates.

      "Series [ ] Certificates" shall mean, collectively, the Class A
Certificates, the Class B Certificates and the Class C Certificates.

                                       12
<PAGE>

      "Series [ ] Excess Principal Collection" shall mean that portion of Excess
Principal Collections allocated to Series [ ] pursuant to Section 4.11.

      "Series [ ] Principal Shortfall" with respect to any Distribution Date,
shall equal the excess of (i) (x) for any Distribution Date with respect to the
Accumulation Period, the Controlled Deposit Amount or (y) for any Distribution
Date with respect to an Early Amortization Period, the Invested Amount, over
(ii) Available Investor Principal Collections for such Distribution Date
(excluding any portion thereof attributable to Excess Principal Collections).

      "Servicer Advance" shall have the meaning specified in Section 3.2.

      "Servicing Fee Rate" shall mean, with respect to Series [ ], two percent
(2%).

      "Special Payment Date" shall mean each Distribution Date with respect to
an Early Amortization Period (other than an Early Amortization Period that has
ended as described in clause (c) of the definition of Early Amortization Period
in the Agreement).

      "Telerate Page 3750" shall mean the display designated as page 3750 on
Telerate (or such other page as may replace such page on that service for the
purpose of displaying London interbank offered rates of major banks).

      "Termination Date" for Series [ ] shall mean the [ ] Distribution Date.

      "Termination Proceeds" shall mean any proceeds arising out of a sale of
Receivables (or interests therein) pursuant to Section 12.2(c) of the Agreement
with respect to Series [ ].

      "Yield Supplement Account" shall have the meaning specified in Section
4.4(e).

      "Yield Supplement Account Deposit Amount" shall mean, with respect to any
Distribution Date, the amount, if any, by which the Yield Supplement Account
Required Amount exceeds the amount on deposit in the Yield Supplement Account
after giving effect to any withdrawals from the Yield Supplement Account on that
Distribution Date.

      "Yield Supplement Account Required Amount" shall mean an amount equal to
one-half of one percent (0.5%) of the aggregate initial principal balance of the
Series [ ] Certificates.

      (b) Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, the term "Rating Agency" shall mean, whenever used in this Series
Supplement or the Agreement with respect to Series [ ], Standard & Poor's,
Moody's and Fitch. As used in this Series Supplement and in the Agreement with
respect to Series [ ], "highest investment category" shall mean (i) in the case
of Standard & Poor's, AAA and A-1+, as applicable, (ii) in the case of Moody's,
Aaa and P-1, as applicable, and (iii) in the case of Fitch, AAA and F-1+, as
applicable.

                                       13
<PAGE>

      (c) All capitalized terms used herein and not otherwise defined herein
have the meanings ascribed to them in the Agreement. The definitions in Section
2.1 are applicable to the singular as well as the plural forms of such terms and
to the masculine as well as to the feminine and neuter genders of such terms.

      (d) The words "hereof", "herein" and "hereunder" and words of similar
import when used in this Series Supplement shall refer to this Series Supplement
as a whole and not to any particular provision of this Series Supplement;
references to any Article, Section or Exhibit are references to Articles,
Sections and Exhibits in or to this Series Supplement unless otherwise
specified; and the term "including" means "including without limitation".

      (e) All references to any agreement (including the Agreement) shall be
understood to be references to such agreement as it may be amended, amended and
restated or otherwise modified from time to time.

                                   ARTICLE III

                                  Servicing Fee

      SECTION 3.1 Servicing Compensation. A monthly servicing fee for your
series (the "Monthly Servicing Fee") shall be payable to the Servicer, in
arrears, on each Distribution Date in respect of any Collection Period (or
portion thereof) occurring prior to the first Distribution Date on which the
Invested Amount is zero, in an amount equal to one-twelfth of the product of (a)
the Servicing Fee Rate and (b) the product of (i) the Series [ ] Allocation
Percentage and (ii) the Pool Balance as of the last day of the second Collection
Period preceding such Distribution Date. The share of the Monthly Servicing Fee
allocable to the Series [ ] Certificateholders with respect to any Distribution
Date (the "Certificateholders' Monthly Servicing Fee") shall be equal to
one-twelfth of the product of (a) the Servicing Fee Rate and (b) the Invested
Amount as of the last day of the second Collection Period second preceding such
Distribution Date and shall be payable in the manner set forth in Section 4.6
and Section 4.10; provided, however, that with respect to the first Distribution
Date for Series [ ], clause (b) of this sentence shall be deemed to refer to the
Invested Amount on the Closing Date. Notwithstanding the foregoing, with respect
to the first Distribution Date for Series [ ], each reference in the preceding
sentences of this Section to one-twelfth shall be deemed to be replaced by a
fraction, the numerator of which is the number of days from but excluding the
Closing Date to and including the last day of the month in which the Closing
Date occurs and the denominator of which is 360.

         The remainder of the Monthly Servicing Fee shall be paid by the Seller
and in no event shall the Trust, the Trustee or the Series [ ]
Certificateholders be liable for the share of the Monthly Servicing Fee to be
paid by the Seller; and the remainder of the Servicing Fee shall be paid by the
Seller and the Investor Certificateholders of other Series, the Trustee and the
Series [ ] Certificateholders shall in no event be liable for the share of the
Servicing Fee to be paid by the Seller or the Investor Certificateholders of
other Series. The Certificateholders' Monthly Servicing Fee shall be payable to
the Servicer solely to the extent amounts are available for distribution in

                                       14
<PAGE>

accordance with the terms of this Series Supplement or to the extent that
amounts may be netted with respect thereto in accordance with the terms of this
Series Supplement or the Agreement.

      The Servicer shall be permitted, in its sole discretion, to waive the
Monthly Servicing Fee for any Distribution Date, in whole or in part, by notice
to the Trustee on or before the related Determination Date; provided that the
Servicer reasonably believes that sufficient Non-Principal Collections shall be
available on any future Distribution Date to pay the waived portion of Monthly
Servicing Fee. The waived portion of such Monthly Servicing Fee shall be paid on
a future Distribution Date to the extent amounts are available therefor pursuant
to Section 4.10(a) or to the extent that amounts may be netted with respect
thereto in accordance with the terms of this Series Supplement or the Agreement;
provided, however, that, to the extent any such waived Monthly Servicing Fee is
so paid, the related portion of the Monthly Servicing Fee to be paid by the
Seller shall be paid by the Seller to the Servicer.

      If the Servicer is DFS, and payment of any portion of the Monthly
Servicing Fee to DFS on a Distribution Date would require a withdrawal from the
Reserve Fund, then absent affirmative notice to the Trustee by DFS to the
contrary, DFS shall be deemed to have waived payment of that portion on that
Distribution Date; provided that a deemed waiver described in this sentence
shall not occur on more than two Distribution Dates in any twelve month period
and shall not occur on any two consecutive Distribution Dates.

      SECTION 3.2 Servicer Advances. On or before each Distribution Date, the
Servicer will deposit into the Collection Account as an advance (a "Servicer
Advance") an amount equal to the amount of interest due but unpaid on any
Receivable for the related Collection Period (but only to the extent that the
Servicer reasonably expects to recover that Servicer Advance from subsequent
payments on that delinquent Receivable). No Servicer Advance shall be made by
the Servicer for the principal portion of the Receivables or for Defaulted
Receivables. The Servicer shall reimburse itself for a Servicer Advance on the
subsequent Determination Date or Distribution Date (and, if necessary, on other
Determination Dates or Distribution Dates) out of funds collected on all
Receivables prior to the deposit of funds in the Collection Account.

                                   ARTICLE IV

                   Rights of Series [ ] Certificateholders and
                    Allocation and Application of Collections

      SECTION 4.1 Allocations; Payments to Seller. (1) Subject to Section 4.3(c)
of the Agreement, and after giving effect to any allocations to the Dealer
Overconcentration Series, Collections of Non-Principal Receivables and Principal
Receivables, Miscellaneous Payments and Defaulted Amounts, as they relate to
Series [ ], shall be allocated and distributed as set forth in this Article IV.

      (b) The Servicer shall instruct the Trustee to withdraw from the
Collection Account and pay (and the Trustee shall so withdraw and pay) to the
Seller on each Deposit Date any funds

                                       15
<PAGE>

not required to be held therein (or not required to be transferred from the
Collection Account to a deposit account for the benefit of Investor
Certificateholders of any Series).

      The withdrawals to be made from the Collection Account pursuant to this
Section 4.1(b) do not apply to deposits into the Collection Account that do not
represent Collections, including Miscellaneous Payments, payment of the purchase
price for the Certificateholders' Interest pursuant to Section 2.3 of the
Agreement, payment of the purchase price for the Series [ ] Certificateholders'
Interest pursuant to Section 7.1 of this Series Supplement and proceeds from the
sale, disposition or liquidation of Receivables pursuant to Section 9.2 or 12.2
of the Agreement.

      SECTION 4.2 Monthly Interest; Determination of Certificate Rate. (1)
"Monthly Interest" with respect to the Series [ ] Certificates on any
Distribution Date shall be an amount equal to the sum of the Class A Monthly
Interest, the Class B Monthly Interest and the Class C Monthly Interest.
Interest on the respective outstanding principal balance of each Class of
Certificates shall accrue at the Class A Certificate Rate, Class B Certificate
Rate or Class C Certificate Rate, as applicable, and shall be payable to
Certificateholders on each Distribution Date.

      On the Determination Date preceding each Distribution Date, the Servicer
shall determine the excess, if any (the "Class A Interest Shortfall"), of (x)
the Class A Monthly Interest for the Interest Period applicable to such
Distribution Date over (y) the amount which shall be available to be paid to the
Class A Certificateholders as Class A Monthly Interest from the Interest Funding
Account on such Distribution Date pursuant to this Series Supplement. "Class A
Additional Interest" shall mean, as of any Distribution Date, an amount equal to
the product of (i) the Class A Certificate Rate for the Interest Period then
ended, (ii) a fraction the numerator of which is the actual number of days in
that Interest Period and the denominator of which is 360, and (iii) the Class A
Interest Shortfall, if any, for the previous Distribution Date. Notwithstanding
anything to the contrary herein, Class A Additional Interest shall be payable to
the Interest Funding Account or distributed to Class A Certificateholders only
to the extent permitted by applicable law.

      On the Determination Date preceding each Distribution Date, the Servicer
shall determine the excess, if any (the "Class B Interest Shortfall"), of (x)
the Class B Monthly Interest for the Interest Period applicable to such
Distribution Date over (y) the amount which shall be available to be paid to the
Class B Certificateholders as Class B Monthly Interest from the Interest Funding
Account on such Distribution Date pursuant to this Series Supplement. "Class B
Additional Interest" shall mean, as of any Distribution Date, an amount equal to
the product of (i) the Class B Certificate Rate for the Interest Period then
ended, (ii) a fraction the numerator of which is the actual number of days in
that Interest Period and the denominator of which is 360, and (iii) the Class B
Interest Shortfall, if any, for the previous Distribution Date. Notwithstanding
anything to the contrary herein, Class B Additional Interest shall be payable to
the Interest Funding Account or distributed to Class B Certificateholders only
to the extent permitted by applicable law.

      On the Determination Date preceding each Distribution Date, the Servicer
shall determine the excess, if any (the "Class C Interest Shortfall"), of (x)
the Class C Monthly Interest for the Interest Period applicable to such
Distribution Date over (y) the amount which shall be available to

                                       16
<PAGE>

be paid to the Class C Certificateholders as Class C Monthly Interest from the
Interest Funding Account on such Distribution Date pursuant to this Series
Supplement. "Class C Additional Interest" shall mean, as of any Distribution
Date, an amount equal to the product of (i) the Class C Certificate Rate for the
Interest Period then ended, (ii) a fraction the numerator of which is the actual
number of days that Interest Period and the denominator of which is 360, and
(iii) such Class C Interest Shortfall, if any, for the previous Distribution
Date. Notwithstanding anything to the contrary herein, Class C Additional
Interest shall be payable to the Interest Funding Account or distributed to
Class C Certificateholders only to the extent permitted by applicable law.

      (b) The Distribution Date Statement shall specify the applicable Net
Receivables Rate for the next Interest Period. Based on such Distribution Date
Statement (and on the Trustee's calculation of LIBOR) the Trustee shall
determine the Class A, Class B and Class C Certificate Rates for each Interest
Period on the Determination Date immediately preceding each Interest Period. The
Trustee shall notify the Servicer and the Listing Agent on each Adjustment Date
of the Trustee's determination of LIBOR. The establishment of LIBOR on each
Adjustment Date (or in the case of the date specified in the proviso to the
definition of Adjustment Date, promptly following such date) by the Trustee and
the Trustee's calculation of the Class A, Class B and Class C Certificate Rates
shall (in the absence of manifest error) be final and binding.

      SECTION 4.3 Determination of Monthly Principal. The amount of monthly
principal ("Monthly Principal") distributable with respect to the Series [ ]
Certificates on each Distribution Date with respect to an Early Amortization
Period and the Accumulation Period shall be equal to the Available Investor
Principal Collections with respect to such Distribution Date; provided, however,
that for each Distribution Date with respect to the Accumulation Period, Monthly
Principal, at the option of the Seller, may be increased to include amounts
otherwise payable or distributable to the Seller (including without limitation
(i) amounts allocable to other Series but not required to be paid to such other
Series on such Distribution Date and not required to be kept in a deposit
account for such other Series after such Distribution Date and (ii) Collections
otherwise allocable to the Seller's Interest)) or may be limited to the
Controlled Deposit Amount for such Distribution Date; and provided further,
however, that Monthly Principal shall not exceed the outstanding principal
balance of the Series [ ] Certificates.

      SECTION 4.4 Establishment of Reserve Fund and Funding Accounts. (1)(10 The
Trustee, for the benefit of the Series [ ] Certificateholders, shall cause to be
established and maintained in the name of the Trustee, on behalf of the Trust,
an Eligible Deposit Account (the "Reserve Fund") which shall be identified as
the "Reserve Fund for the Distribution Financial Services Floorplan Master
Trust, Series [ ]" and shall bear a designation clearly indicating that the
funds deposited therein are held for the benefit of the Series [ ]
Certificateholders.

      (ii) At the direction of the Servicer, funds on deposit in the Reserve
Fund shall be invested by the Trustee in Eligible Investments selected by the
Servicer that shall mature so that such funds shall be available at the close of
business on or before the Business Day next preceding the following Distribution
Date. All Eligible Investments shall be held by the Trustee for the benefit of
the Series [ ] Certificateholders. On each Distribution Date, all interest and
other investment

                                       17
<PAGE>

earnings (net of losses and investment expenses) on funds on deposit in the
Reserve Fund and received prior to such Distribution Date shall be applied as
set forth in Section 4.6(a) of this Series Supplement. Funds deposited in the
Reserve Fund on the Business Day preceding a Distribution Date are not required
to be invested overnight.

      (b)(i) The Trustee, for the benefit of the Series [ ] Certificateholders,
shall establish and maintain in the name of the Trustee, on behalf of the Trust,
an Eligible Deposit Account (the "Interest Funding Account"), which shall be
identified as the "Interest Funding Account for the Distribution Financial
Services Floorplan Master Trust, Series [ ]" and shall bear a designation
clearly indicating that the funds deposited therein are held for the benefit of
the Series [ ] Certificateholders.

      (ii) At the direction of the Servicer, funds on deposit in the Interest
Funding Account shall be invested by the Trustee in Eligible Investments
selected by the Servicer that shall mature so that such funds shall be available
at the close of business on or before the Business Day next preceding the
following Distribution Date. All such Eligible Investments shall be held by the
Trustee for the benefit of the Series [ ] Certificateholders. On each
Distribution Date, all interest and other investment earnings (net of losses and
investment expenses) on funds on deposit in the Interest Funding Account and
received prior to such Distribution Date shall be applied as set forth in
Section 4.6(a) of this Series Supplement. Funds deposited in the Interest
Funding Account on the Business Day preceding a Distribution Date are not
required to be invested overnight.

      (c)(i) The Trustee, for the benefit of the Series [ ] Certificateholders,
shall establish and maintain in the name of the Trustee, on behalf of the Trust,
an Eligible Deposit Account (the "Principal Funding Account"), which shall be
identified as the "Principal Funding Account for Distribution Financial Services
Floorplan Master Trust, Series [ ]" and shall bear a designation clearly
indicating that the funds deposited therein are held for the benefit of the
Series [ ] Certificateholders.

      (ii) At the direction of the Servicer, funds on deposit in the Principal
Funding Account shall be invested by the Trustee in Eligible Investments
selected by the Servicer that shall mature so that such funds shall be available
at the close of business on or before the Business Day next preceding the
following Distribution Date. All such Eligible Investments shall be held by the
Trustee for the benefit of the Series [ ] Certificateholders. On each
Distribution Date all interest and other investment earnings (net of losses and
investment expenses) on funds on deposit in the Principal Funding Account and
received prior to such Distribution Date shall be applied as set forth in
Section 4.6(a) of this Series Supplement. Funds deposited in the Principal
Funding Account on the Business Day preceding the Expected Final Payment Date
are not required to be invested overnight.

      (d)(i) The Trustee, for the benefit of the Series [ ] Certificateholders,
shall establish and maintain in the name of the Trustee, on behalf of the Trust,
an Eligible Deposit Account (the "Excess Funding Account"), which shall be
identified as the "Excess Funding Account for Distribution Financial Services
Floorplan Master Trust, Series [ ]" and shall bear a designation

                                       18
<PAGE>

clearly indicating that the funds deposited therein are held for the benefit of
the Series [ ] Certificateholders.

      (ii) At the direction of the Servicer, funds on deposit in the Excess
Funding Account shall be invested by the Trustee in Eligible Investments
selected by the Servicer. All such Eligible Investments shall be held by the
Trustee for the benefit of the Series [ ] Certificateholders. On each
Distribution Date, all interest and other investment earnings (net of losses and
investment expenses) on funds on deposit in the Excess Funding Account and
received prior to such Distribution Date shall be applied as set forth in
Section 4.6(a) of this Series Supplement. Funds deposited in the Excess Funding
Account on any Distribution Date shall be invested in Eligible Investments that
shall mature so that such funds shall be available on or before the close of
business on the Business Day next preceding the following Distribution Date;
provided that if, pursuant to Section 4.12, deposits to and withdrawals from the
Excess Funding Account are being made on a weekly or daily basis, then such
Eligible Investments shall mature on each Business Day on a weekly or daily
basis, as the case may be; provided further that such Eligible Investments shall
still mature so that funds shall be available on or before the close of business
on the Business Day next preceding the following Distribution Date. Funds
deposited in the Excess Funding Account on the Business Day preceding a
Distribution Date are not required to be invested overnight.

      (e)(i) The Trustee, for the benefit of the Series [ ] Certificateholders,
shall establish and maintain in the name of the Trustee, on behalf of the Trust,
an Eligible Deposit Account (the "Yield Supplement Account"), which shall be
identified as the "Yield Supplement Account for the Distribution Financial
Services Floorplan Master Trust, Series [ ]" and shall bear a designation
clearly indicating that the funds deposited therein are held for the benefit of
the Series [ ] Certificateholders.

      (ii) At the direction of the Servicer, funds on deposit in the Yield
Supplement Account shall be invested by the Trustee in Eligible Investments
selected by the Servicer that shall mature so that such funds shall be available
at the close of business on or before the Business Day next preceding the
following Distribution Date. All such Eligible Investments shall be held by the
Trustee for the benefit of the Series [ ] Certificateholders. On each
Distribution Date, all interest and other investment earnings (net of losses and
investment expenses) on funds on deposit in the Yield Supplement Account and
received prior to such Distribution Date shall be applied as set forth in
Section 4.6(a) of this Series Supplement. Funds deposited in the Yield
Supplement Account on the Business Day preceding a Distribution Date are not
required to be invested overnight.

      (f)(i) The Trustee shall possess all right, title and interest in and to
all funds on deposit from time to time in, and all Eligible Investments credited
to, the Reserve Fund, the Interest Funding Account, the Principal Funding
Account, the Yield Supplement Account and the Excess Funding Account
(collectively, the "Series [ ] Accounts") and in all proceeds thereof. The
Series [ ] Accounts shall be under the sole dominion and control of the Trustee
for the benefit of the Certificateholders. If, at any time, any of the Series [
] Accounts ceases to be an Eligible Deposit Account, the Trustee (or the
Servicer on its behalf) shall within 10 Business Days (or such longer period,
not to exceed 30 calendar days, as to which each Rating Agency may consent)
establish a

                                       19
<PAGE>

new Series [ ] Account meeting the conditions specified in paragraph (a)(i),
(b)(i), (c)(i), (d)(i) or (e)(i) above, as applicable, as an Eligible Deposit
Account and shall transfer any cash and/or investments to such new Series [ ]
Account. Neither the Seller, the Servicer nor any other Person or entity
claiming by, through or under the Seller, the Servicer or any such other Person
or entity shall have any right, title or interest in, or any right to withdraw
any amount from, any Series [ ] Account, except as expressly provided herein.
Schedule 1, which is hereby incorporated into and made part of this Series
Supplement, identifies each Series [ ] Account by setting forth the account
number of each such account, the account designation of each such account and
the name of the institution with which such account has been established. If a
substitute Series [ ] Account is established pursuant to this Section, the
Servicer shall provide to the Trustee an amended Schedule 1, setting forth the
relevant information for such substitute Series [ ] Account.

      (ii) Pursuant to the authority granted to the Servicer in Section 3.1(a)
of the Agreement, the Servicer shall have the power, revocable by the Trustee,
to make withdrawals and payments or to instruct the Trustee to make withdrawals
and payments from the Series [ ] Accounts for the purposes of carrying out the
Servicer's or the Trustee's duties hereunder.

      (g) Unless otherwise agreed to by the Rating Agencies, at no time may
funds on deposit in any Series [ ] Account in an amount greater than 10% of the
outstanding principal balance of the Certificates be invested in Eligible
Investments (other than obligations of the United States government or
investments in a mutual fund that does not have credit concentrations greater
than 10%) of any single entity or its Affiliates.

      (h) Upon payment in full of all amounts payable on the Series [ ]
Certificates pursuant to this Series Supplement, or any earlier date
contemplated by this Series Supplement, any funds remaining on deposit in any
Series [ ] Account shall be paid to the Seller.

      SECTION 4.5 Deficiency Amount. On each Determination Date, with respect to
the related Distribution Date (the "current Distribution Date"), the Servicer
shall determine the amount (the "Deficiency Amount"), if any, by which

            (a) the sum of

                  (i) the Monthly Interest for the current Distribution Date,

                  (ii) any Monthly Interest for any prior Distribution Dates not
            distributed to the Certificateholders on a prior Distribution Date,

                  (iii) Additional Interest, if any, for the current
            Distribution Date and any Additional Interest for any prior
            Distribution Date not distributed to the Certificateholders on such
            prior Distribution Date (but only to the extent permitted by
            applicable law),

                                       20
<PAGE>

                  (iv) the Certificateholders' Monthly Servicing Fee for the
            current Distribution Date,

                  (v) the Investor Default Amount for the current Distribution
            Date, and

                  (vi) the Series [ ] Allocation Percentage of the amount of any
            Adjustment Payment required to be deposited in the Collection
            Account pursuant to Section 3.9(a) of the Agreement with respect to
            the related Collection Period that has not been so deposited as of
            such Determination Date

            exceeds

            (b) the sum of Investor Non-Principal Collections for the current
      Distribution Date plus any Investment Proceeds, if any, with respect to
      such Distribution Date.

      SECTION 4.6 Application of Investor Non-Principal Collections, Investment
Proceeds, Servicer Advances and Available Investor Principal Collections. The
Servicer shall direct the Trustee (by setting forth the following amounts in the
related Distribution Date Statement) to make the following distributions on each
Distribution Date (and the Trustee shall distribute):

      (a) On each Distribution Date, an amount equal to the sum of Investor
Non-Principal Collections on deposit in the Collection Account (after giving
effect to repayment to the Servicer of any Servicer Advances from any previous
Distribution Dates) and any Investment Proceeds and the Servicer Advance, if
any, for such Distribution Date, with respect to such Distribution Date in the
following priority:

            (i) first, an amount equal to the Class A Monthly Interest for such
      Distribution Date, plus the amount of any Class A Monthly Interest for any
      prior Distribution Dates not distributed to the Class A Certificateholders
      on such prior Distribution Dates plus (but only to the extent permitted
      under applicable law) the amount of any Class A Additional Interest for
      the current Distribution Date and, without duplication, any Class A
      Additional Interest previously due but not distributed to the Class A
      Certificateholders on prior Distribution Dates, shall be deposited to the
      Interest Funding Account;

            (ii) second, an amount equal to the Class B Monthly Interest for
      such Distribution Date, plus the amount of any Class B Monthly Interest
      for any prior Distribution Dates not distributed to the Class B
      Certificateholders on such prior Distribution Dates plus (but only to the
      extent permitted under applicable law) the amount of any Class B
      Additional Interest for the current Distribution Date and, without
      duplication, any Class B Additional Interest previously due but not
      distributed to the Class B Certificateholders on prior Distribution Dates,
      shall be deposited to the Interest Funding Account;

            (iii) third, an amount equal to the Class C Monthly Interest for
      such Distribution Date, plus the amount of any Class C Monthly Interest
      for any prior Distribution Dates not

                                       21
<PAGE>

      distributed to the Class C Certificateholders on such prior Distribution
      Dates plus (but only to the extent permitted under applicable law) the
      amount of any Class C Additional Interest for the current Distribution
      Date and, without duplication any Class C Additional Interest previously
      due but not distributed to the Class C Certificateholders on prior
      Distribution Dates, shall be deposited to the Interest Funding Account;

            (iv) fourth, so long as DFS is not the Servicer, an amount equal to
      the Certificateholders' Monthly Servicing Fee for such Distribution Date
      shall be distributed to the Servicer (unless such amount has been netted
      against deposits to the Collection Account);

            (v) fifth, an amount equal to the Reserve Fund Deposit Amount, if
      any, for such Distribution Date shall be deposited in the Reserve Fund;

            (vi) sixth, an amount equal to the Investor Default Amount, if any,
      for such Distribution Date shall be treated as a portion of Investor
      Principal Collections for such Distribution Date;

            (vii) seventh, an amount required to reimburse unreimbursed Class A
      Investor Charge-Offs, Class B Investor Charge-Offs and Class C Investor
      Charge-Offs pursuant to Section 4.9 shall be treated as a portion of
      Investor Principal Collections for such Distribution Date;

            (viii) eighth, so long as DFS is the Servicer, an amount equal to
      the Certificateholders' Monthly Servicing Fee for that Distribution Date
      shall be distributed to the Servicer, unless that amount has been netted
      against deposits to the Collection Account by DFS or waived;

            (ix) ninth, any unpaid Class A Carry-over Amount, Class B Carry-over
      Amount or Class C Carry-over Amount for any previous Distribution Date,
      plus to the extent permitted under applicable law, the amount of any Class
      A Carry-over Amount Additional Interest, Class B Carry-over Amount
      Additional Interest and Class C Carry-over Amount Additional Interest for
      the current Distribution Date and, without duplication, any Class A
      Carry-over Amount Additional Interest, Class B Carry-over Amount
      Additional Interest and Class C Carry-over Amount Additional Interest
      previously due but not distributed to the Class A Certificateholders,
      Class B Certificateholders and Class C Certificateholders, respectively,
      shall be deposited in the Interest Funding Account;

            (x) tenth, if that Distribution Date occurs prior to the beginning
      of the Accumulation Period and prior to the occurrence of an Early
      Amortization Event, an amount equal to the Yield Supplement Account
      Deposit Amount, if any, for that Distribution Date will be deposited in
      the Yield Supplement Account; and

                                       22
<PAGE>

            (xi) eleventh, the balance, if any, shall constitute "Excess
      Servicing" and shall be allocated and distributed as set forth in Section
      4.10.

      (b) On each Distribution Date with respect to the Revolving Period, the
Servicer shall direct the Trustee in writing by setting forth the following
amounts on the Distribution Date Statement to apply an amount equal to the
Available Investor Principal Collections deposited in the Collection Account for
the related Collection Period shall be applied in the following priority:

            (i) first, if (A) the Unconcentrated Pool Balance at the end of the
      preceding Collection Period is less than the Unconcentrated Pool Balance
      at the end of the second preceding Collection Period and (B) the
      Unconcentrated Pool Balance at the end of the preceding Collection Period
      is less than the Required Participation Amount for such Distribution Date
      (calculated before giving effect to any deposits to be made on such
      Distribution Date to the Excess Funding Account and any excess funding
      account for any other Series in their revolving periods to be made on such
      Distribution Date), then the Servicer shall direct the Trustee to deposit
      (and the Trustee shall deposit) Available Investor Principal Collections
      into the Excess Funding Account in an amount which shall reduce the
      Invested Amount such that, together with the deposits to the excess
      funding accounts, if any, (and any resulting reductions in the invested
      amounts) for other outstanding Series in their revolving periods for such
      Distribution Date, the Unconcentrated Pool Balance is equal to the
      Required Participation Amount, and

            (ii) second, an amount equal to the balance (such balance being part
      of "Excess Principal Collections"), if any, of such Available Investor
      Principal Collections shall be applied in accordance with Section 4.4 of
      the Agreement.

For purposes of determining the amount to be applied pursuant to subparagraph
(i) above, allocations of the amounts to be deposited in the Excess Funding
Account and the excess funding account for other outstanding Series shall be
made pro rata on the basis of the invested amounts (including the Invested
Amount for Series [ ]).

      If the Servicer has elected in respect of a Collection Period to make
withdrawals from the Excess Funding Account on a daily or weekly basis pursuant
to Section 4.12(b), then deposits into the Excess Funding Account required by
this Section 4.6(b) shall be made on each Business Day in such Collection Period
(if daily withdrawals and deposits have been elected) or on each Wednesday (or
the next succeeding Business Day if such Wednesday is not a Business Day) in
such Collection Period (if weekly withdrawals and deposits have been elected).
In the case of such election, the Unconcentrated Pool Balance referred to in
clause (B) above shall be the Unconcentrated Pool Balance on the preceding
Business Day, in the case of an election to make daily deposits and withdrawals,
and on the Monday next preceding the related Wednesday, in the case of an
election to make weekly deposits and withdrawals.

            (c) On each Distribution Date (x) with respect to the Accumulation
Period or (y) an Early Amortization Period (if a Responsible Officer of the
Trustee has actual knowledge of such

                                       23
<PAGE>

Early Amortization Period), an amount equal to the Available Investor Principal
Collections on deposit in the Collection Account shall be distributed in the
following priority:

            (i) first, an amount equal to Monthly Principal for such
      Distribution Date shall be deposited by the Servicer or the Trustee into
      the Principal Funding Account; and

            (ii) second, for each Distribution Date with respect to the
      Accumulation Period (unless an Early Amortization Event has occurred), an
      amount equal to the balance (such balance being part of "Excess Principal
      Collections"), if any, of such Available Investor Principal Collections
      shall be applied in accordance with the written instructions of the
      Servicer in accordance with Section 4.4 of the Agreement.

      SECTION 4.7 Distributions to Series [ ] Certificateholders. (1) The
Servicer shall direct the Trustee (by setting forth the amounts in Section
4.7(a)(i) in the related Distribution Date Statement) to make (and the Trustee
shall make) the following distributions at the following times from the Interest
Funding Account, the Principal Funding Account and the Excess Funding Account:

            (i) on each Distribution Date, available amounts on deposit in the
      Interest Funding Account shall be distributed to the Series [ ]
      Certificateholders in the following order of priority:

                  (A) first, to the Class A Certificateholders, an amount equal
            to the sum of (i) the Class A Monthly Interest for the current
            Distribution Date, plus (ii) any Class A Monthly Interest that was
            not distributed on any prior Distribution Date to the Class A
            Certificateholders, plus (iii) to the extent permitted under
            applicable law, the amount of any Class A Additional Interest for
            the current Distribution Date and, without duplication, any Class A
            Additional Interest previously due but not distributed to the Class
            A Certificateholders;

                  (B) second, to the Class B Certificateholders, an amount equal
            to the sum of (i) the Class B Monthly Interest for the current
            Distribution Date, plus (ii) any Class B Monthly Interest that was
            not distributed on any Distribution Date prior to the current
            Distribution Date to the Class B Certificateholders, plus (iii) to
            the extent permitted under applicable law, the amount of any Class B
            Additional Interest for the current Distribution Date and, without
            duplication, any Class B Additional Interest previously due but not
            distributed to the Class B Certificateholders;

                  (C) third, to the Class C Certificateholders, an amount equal
            to the sum of (i) the Class C Monthly Interest for the current
            Distribution Date, plus (ii) any Class C Monthly Interest that was
            not distributed on any Distribution Date prior to the current
            Distribution Date to the Class C Certificateholders, plus (iii) to
            the extent permitted under applicable law, the amount of any Class C
            Additional Interest for the current Distribution Date and, without
            duplication, any Class C Additional Interest previously due but not
            distributed to the Class C Certificateholders;

                                       24
<PAGE>

                  (D) fourth, to the Class A Certificateholders, the sum of any
            Class A Carry-over Amount for the current Distribution Date plus any
            unpaid Class A Carry-over Amount for any previous Distribution Date
            plus to the extent permitted under applicable law, the amount of any
            Class A Carry-over Amount Additional Interest for the current
            Distribution Date and, without duplication, any Class A Carry-over
            Amount Additional Interest previously due but not distributed to the
            Class A certificateholders;

                  (E) fifth, to the Class B Certificateholders, the sum of any
            Class B Carry-over Amount for the current Distribution Date plus any
            unpaid Class B Carry-over Amount for any previous Distribution Date
            plus to the extent permitted under applicable law, the amount of any
            Class B Carry-over Amount Additional Interest for the current
            Distribution Date and, without duplication, any Class B Carry-over
            Amount Additional Interest previously due but not distributed to the
            Class B certificateholders; and

                  (F) sixth, to the Class C Certificateholders, the sum of any
            Class C Carry-over Amount for the current Distribution Date plus any
            unpaid Class C Carry-over Amount for any previous Distribution Date
            plus to the extent permitted under applicable law, the amount of any
            Class C Carry-over Amount Additional Interest for the current
            Distribution Date and, without duplication, any Class C Carry-over
            Amount Additional Interest previously due but not distributed to the
            Class C certificateholders.

            (ii) on each Special Payment Date (if a Responsible Officer of the
      Trustee has actual knowledge of the Early Amortization Period) and on the
      Expected Final Payment Date, all amounts on deposit in the Principal
      Funding Account shall be distributed to the Series [ ] Certificateholders
      in the following order of priority: (A) first, to the Class A
      Certificateholders until the outstanding principal balance of the Class A
      Certificates has been reduced to zero; (B) second, to the Class B
      Certificateholders until the outstanding principal balance of the Class B
      Certificates has been reduced to zero; and (C) to the Class C
      Certificateholders until the outstanding principal balance of the Class C
      Certificates has been reduced to zero; provided, however, that the maximum
      amount distributed pursuant to this clause (ii) on any Distribution Date
      shall not exceed the excess, if any, of (x) the sum of the outstanding
      principal balance of the Class A, Class B and Class C Certificates, over
      (y) the sum of the unreimbursed Class A Investor Charge-Offs, Class B
      Investor Charge-Offs and Class C Investor Charge-Offs, each on such
      Distribution Date.

      (b) The distributions to be made pursuant to this Section are subject to
the provisions of Sections 2.3, 9.2, 10.1 and 12.2 of the Agreement and Section
8.1 and 8.2 of this Series Supplement.

      SECTION 4.8 Application of Reserve Fund. (1) If Investor Non-Principal
Collections and Investment Proceeds on any Distribution Date (plus the amount of
any Servicer Advance for such Distribution Date) are not sufficient to make the
entire distributions required on such Distribution

                                       25
<PAGE>

Date by Sections 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii), the Servicer
shall direct the Trustee to withdraw (and the Trustee shall withdraw) funds from
the Reserve Fund to the extent available therein, and apply such funds to
complete the distributions pursuant to Section 4.6(a)(i), (ii), (iii), (iv),
(vi) and (viii) in the numerical order thereof.

      (b) On the Termination Date, any funds in the Reserve Fund shall be
treated as Available Investor Principal Collections. Upon payment in full of the
outstanding principal balance of the Series [ ] Certificates, any funds
remaining on deposit in the Reserve Fund shall be paid to the Seller.

      SECTION 4.9 Investor Charge-Offs. If on any Distribution Date (after
giving effect to the allocations, distributions, withdrawals and deposits to be
made on such Distribution Date) the balance of the Reserve Fund is zero, then
the Class C Invested Amount shall be reduced by the lesser of the Deficiency
Amount for that Distribution Date and the Investor Default Amount for that
Distribution Date (the lesser of such Deficiency Amount and such Investor
Default Amount being a "Class C Investor Charge-Off"). In the event that any
such reduction of the Class C Invested Amount would cause the Class C Invested
Amount to be a negative number, the Class C Invested Amount shall be maintained
at or reduced to zero, and the Class B Invested Amount shall be reduced by the
amount of such excess (the amount of such reduction being a "Class B Investor
Charge-Off"). In the event that any such reduction of the Class B Invested
Amount would cause the Class B Invested Amount to be a negative number, the
Class B Invested Amount shall be maintained at or reduced to zero, and the Class
A Invested Amount shall be reduced by the amount of such excess but not by more
than the Class A Invested Amount on such Distribution Date (the amount of such
reduction being a "Class A Investor Charge-Off"). Class A Investor Charge-Offs,
Class B Investor Charge-Offs and Class C Investor Charge-Offs shall thereafter
be reimbursed (in that order) and the Class A Invested Amount, Class B Invested
Amount and Class C Invested Amount increased (in that order) (but not by an
amount in excess of the aggregate unreimbursed Class A Investor Charge-Offs,
Class B Investor Charge-Offs and Class C Investor Charge-Offs, as the case may
be) on any Distribution Date by the sum of (a) Allocable Miscellaneous Payments
with respect to such Distribution Date and (b) the amount allocated and
available for that purpose pursuant to Section 4.6(a)(vii). The Servicer shall
be responsible for calculating Class A, Class B and Class C Investor Charge-Offs
and shall give the Trustee notice thereof by setting forth such amounts in the
Distribution Date Statement.

      SECTION 4.10 Excess Servicing. The Servicer shall direct the Trustee to
apply (and the Trustee shall so apply), on each Distribution Date, Excess
Servicing for such Distribution Date to make the following distributions in the
following priority:

            (a) an amount equal to the aggregate outstanding amounts of the
      Monthly Servicing Fee which have been previously waived pursuant to
      Section 3.1 shall be distributed to the Servicer; and

            (b) the balance, if any, shall be distributed to the Seller.

                                       26
<PAGE>

      SECTION 4.11 Excess Principal Collections.

      "Series [ ] Excess Principal Collections", with respect to any
Distribution Date, shall mean an amount equal to the lesser of (a) the Series [
] Principal Shortfall, if any, for such Distribution Date and (b) an amount
equal to the product of (x) excess principal collections for all Series for such
Distribution Date and (y) a fraction, the numerator of which is the Series [ ]
Principal Shortfall for such Distribution Date and the denominator of which is
the aggregate amount of principal shortfalls for all Series for such
Distribution Date.

      SECTION 4.12 Excess Funding Account. (1) Any funds on deposit in the
Excess Funding Account at the beginning of the Accumulation Period or upon the
occurrence of an Early Amortization Event shall be deposited in the Principal
Funding Account. In addition, no funds shall be deposited in the Excess Funding
Account during the Accumulation Period or any Early Amortization Period.

      (b) If (i) on any Determination Date during the Revolving Period there are
any funds in the Excess Funding Account and (ii) the Unconcentrated Pool Balance
at the end of the preceding Collection Period is greater than the Unconcentrated
Pool Balance at the end of the second preceding Collection Period, then, subject
to the other provisions of this Section 4.12(b) and to Sections 4.12(c) and (d),
the Invested Amount and the invested amounts (but, in each case, not in excess
of the initial principal amount of such Series) for all other outstanding Series
that provide for an excess funding account or similar arrangement and are in
their revolving periods shall be increased such that, after giving effect to
such increases, the Required Participation Amount is at least equal to the
Unconcentrated Pool Balance. On such Determination Date, the Servicer shall
notify the Trustee of the amount, if any, of such increase in the Invested
Amount and the Trustee shall withdraw from the Excess Funding Account and pay to
the Seller or allocate to one or more other Series, on the immediately
succeeding Distribution Date, an amount equal to the amount of such increase in
the Invested Amount. To the extent that the Invested Amount is increased by any
payment to the Seller or any allocation to one or more other Series, the
Seller's Interest or such other Series' invested amount, as applicable, shall be
reduced by the amount of such payment. In addition, any increase in the Invested
Amount is subject to the condition that after giving effect to such increase the
Unconcentrated Pool Balance equals or exceeds the Required Participation Amount.
In connection with the foregoing, the Seller shall endeavor (taking into account
any seasonality experienced in the Accounts in the Trust) to minimize the
amounts on deposit, from time to time, in the Excess Funding Account.

      The Seller may elect to make withdrawals from the Excess Funding Account
and the excess funding accounts or similar arrangements for other Series on a
daily or weekly basis during a Collection Period by giving the Trustee notice of
such election at least two Business Days and no more than five Business Days
prior to the commencement of such daily or weekly withdrawals. If such election
is made, then deposits into the Excess Funding Account and excess funding
accounts or similar arrangements for other Series shall be made on a similar
basis for the related Collection Period. If such election is for withdrawals on
a daily basis, then such withdrawals shall be made on each Business Day and the
Unconcentrated Pool Balance to be referenced shall be the

                                       27
<PAGE>

Unconcentrated Pool Balance on the next preceding Business Day. If such election
is for withdrawals on a weekly basis, then such withdrawals shall be made on
each Wednesday (or if such Wednesday is not a Business Day, then on the Business
Day next succeeding such Wednesday) and the Unconcentrated Pool Balance to be
referenced shall be the Unconcentrated Pool Balance on the preceding Monday.

      (c) In the event that other Series issued by the Trust provide for excess
funding accounts or other arrangements similar to the Excess Funding Account
involving fluctuating levels of investments in Principal Receivables, (i) the
allocation of additional Principal Receivables to increase the Invested Amount
and the invested amounts of such other Series (and the related withdrawals from
the Excess Funding Account and the other excess funding or similar accounts)
shall be based on the proportion that the amount on deposit in the Excess
Funding Account bears to amounts on deposit in the excess funding accounts
(including the Excess Funding Account) of all Series providing for excess
funding accounts or such similar arrangements or to amounts otherwise similarly
available and (ii) the deposit of amounts into the Excess Funding Account and
the excess funding accounts of such other Series shall be pro rata based on the
proportion that the Invested Amount bears to the invested amounts (including the
Invested Amount) of all Series providing for excess funding accounts or such
similar arrangements.

      (d) In the event that any other Series is in an amortization period, early
amortization period or accumulation period, the amounts of any withdrawals from
the Excess Funding Account shall be applied first to satisfy in full any then
applicable funding or payment requirements of such Series and second to make a
payment to the Seller. In the event that more than one other Series is in an
amortization period, early amortization period or accumulation period, the
amounts of any withdrawals from the Excess Funding Account shall be allocated
(and, if necessary, reallocated) among such Series as specified in the related
Supplements for such Series, to meet the funding or payment requirements of each
such Series first to satisfy in full all then applicable funding or payment
requirements of each such Series and second to make a payment to the Seller.

      SECTION 4.13 Yield Supplement Account. On each Distribution Date prior to
the beginning of the Accumulation Period and prior to the occurrence of an Early
Amortization Event, the Trustee shall deposit Non-Principal Collections and
Investment Proceeds, if any--to the extent available pursuant to Section
4.6(a)(x)--into the Yield Supplement Account in an amount equal to the Yield
Supplement Account Deposit Amount, if any, for that Distribution Date.

      If the Class A Monthly Interest, Class B Monthly Interest or Class C
Monthly Interest for any Distribution Date, determined as if the interest rate
were based on LIBOR plus the applicable margin, exceeds the applicable monthly
interest determined on the basis of the related Net Receivables Rate, the
Servicer shall direct the Trustee to withdraw (and the Trustee shall withdraw)
funds from the Yield Supplement Account, to the extent available, and apply
those funds to deposit the amount of such excess into the Interest Funding
Account first, for the benefit of the Class A Certificates, second, for the
benefit of the Class B Certificates, and third, for the benefit of the Class C
Certificates.

                                       28
<PAGE>

      Any funds on deposit in the Yield Supplement Account at the beginning of
the Accumulation Period or upon the occurrence of an Early Amortization Event
shall be deposited in the Principal Funding Account.

                                    ARTICLE V

                           Distribution and Reports to
                          Series [ ] Certificateholders

      SECTION 5.1 Distributions. (1) On each Distribution Date, the Trustee as
paying agent shall distribute to each Series [ ] Certificateholder of record on
the preceding Record Date (other than as provided in Section 12.2 of the
Agreement respecting a final distribution) such Series [ ] Certificateholder's
pro rata share (based on the outstanding principal balances of the Series [ ]
Certificates held by such Certificateholder) of the amounts on deposit in the
Series [ ] Accounts as is payable to Series [ ] Certificateholders on such
Distribution Date pursuant to and subject to the applicable priorities set forth
in Section 4.7.

      (b) Except as provided in Section 12.2 of the Agreement with respect to a
final distribution, distributions to Series [ ] Certificateholders hereunder
shall be made by check mailed to each Series [ ] Certificateholder at such
Certificateholder's address appearing in the Certificate Register without
presentation or surrender of any Series [ ] Certificate or the making of any
notation thereon; provided, however, that with respect to Series [ ]
Certificates registered in the name of a Depository, such distributions shall be
made to such Depository in immediately available funds.

      (c) For so long as any of the Series [ ] Certificates are listed on the
Luxembourg Stock Exchange, the Trustee shall notify the Luxembourg Stock
Exchange in the event that any of such Series [ ] Certificates listed on the
Luxembourg Stock Exchange do not receive scheduled distributions of interest or
principal on any Distribution Date in accordance with instructions from the
Servicer (which may be standing instructions).

      SECTION 5.2 Reports and Statements to Series [ ] Certificateholders. (1)
At least two Business Days prior to each Distribution Date, the Servicer shall
provide to the Trustee, the Rating Agencies and, for so long as any Series [ ]
Certificates are listed on the Luxembourg Stock Exchange, such exchange, a
statement substantially in the form of Exhibit B (a "Distribution Date
Statement"), and on each Distribution Date the Trustee shall forward to each
Series [ ] Certificateholder such statement prepared by the Servicer setting
forth certain information relating to the Trust and the Series [ ] Certificates.

      (b) A copy of each statement provided pursuant to paragraph (a) and a copy
of the Pooling and Servicing Agreement (without exhibits) and this Series
Supplement shall be made available to Series [ ] Certificateholders of record
for inspection at the Corporate Trust Office during the Trustee's normal
business hours.

                                       29
<PAGE>

      (c) On or before January 31 of each calendar year, beginning with calendar
year [ ], the Trustee shall furnish or cause to be furnished to each Person who
at any time during the preceding calendar year was a Series [ ]
Certificateholder, a statement prepared by the Servicer containing the
information which is required to be contained in the statement to Series [ ]
Certificateholders as set forth in paragraph (a) above, aggregated for such
calendar year or the applicable portion thereof during which such Person was a
Series [ ] Certificateholder, together with other information as is required to
be provided by an issuer of indebtedness under the Internal Revenue Code for the
preceding calendar year and such other customary information as is necessary to
enable the Series [ ] Certificateholders (or Certificate Owners) to prepare
their tax returns. Such obligation of the Trustee shall be deemed to have been
satisfied to the extent that substantially comparable information shall be
provided by the Trustee pursuant to any requirements of the Internal Revenue
Code as from time to time in effect.

      (d) For so long as the Class A Certificates or the Class B Certificates
are listed on the Luxembourg Stock Exchange and so long as the rules of such
exchange so require, notices to the holders of the Class A Certificates and the
Class B Certificates shall also be given by publication in an Authorized
European Newspaper. The Trustee shall have the right to cause the Listing Agent,
pursuant to a listing agency agreement between the Trustee and the Listing Agent
which is mutually satisfactory to the Servicer, the Trustee and the Listing
Agent, to give such notices by such publication.

                                   ARTICLE VI

                            Early Amortization Events

      SECTION 6.1 Additional Early Amortization Events. The occurrence of any of
the following events shall, immediately upon the occurrence thereof without
notice or other action on the part of the Trustee or the Series [ ]
Certificateholders, be deemed to be an Early Amortization Event solely with
respect to Series [ ] (each, an "Additional Early Amortization Event"):

            (a) on any Distribution Date, the balance of the Reserve Fund is
      less than [ ] percent of the aggregate outstanding principal balance of
      the Series [ ] Certificates, in each case after giving effect to all
      deposits, withdrawals and distributions on such Distribution Date; or

            (b) any Servicer Default occurs; or

            (c) a Class A Carry-over Amount, Class B Carry-over Amount or Class
      C Carry-over Amount is outstanding on six consecutive Distribution Dates
      (after giving effect to the distributions on each of those Distribution
      Dates); or

            (d) on any Determination Date, the average of the Monthly Payment
      Rates for the three preceding Collection Periods is less than [ ]
      percent(or a lower percentage if the Rating Agency Condition has been
      satisfied with respect to that lower percentage); or

                                       30
<PAGE>

            (e) the outstanding principal amount of the Series [ ] Certificates
      is not fully repaid on the Expected Final Payment Date; or

            (f) the ratio (expressed as a percentage) of (i) the average for
      each month of the net losses on the Receivables (exclusive of the
      Ineligible Receivables) owned by the Trust (i.e., gross losses less
      recoveries on any Receivables) (including recoveries from collateral
      security in addition to recoveries from the products, recoveries from
      Manufacturers and insurance proceeds) during any three consecutive
      calendar months, to (ii) the average of the month-end aggregate balances
      of those Receivables (without deducting therefrom the Discount Portion)
      for such three-month period, exceeds five percent (5%) on an annualized
      basis; provided, that the percentage in this clause (f) may be changed, or
      any Early Amortization Event relating to this clause (f) may be waived, at
      the direction of the Seller and without the consent of any Series [ ]
      Certificateholder upon the satisfaction of the Rating Agency Condition; or

            (g) the sum of all Eligible Investments and amounts on deposit in
      the Excess Funding Account and any excess funding accounts for any other
      Series represents more than [ ] percent of the total assets of the Trust
      on each of six or more consecutive Determination Dates, after giving
      effect to all payments made or to be made on the Distribution Date next
      succeeding each such respective Determination Date; or

            (h) the Overconcentration Amount exceeds [ ] for a period of five
      Business Days after any Distribution Date, unless the Rating Agency
      Condition shall have been satisfied with respect to the existence of the
      Overconcentration Amount.

                                   ARTICLE VII

                               Optional Repurchase

      SECTION 7.1 Optional Repurchase. (1) On any Distribution Date occurring
after the date on which the Invested Amount is reduced to less than ten percent
(10%) of the initial principal amount of the Series [ ] Certificates on the
Closing Date or less, the Seller shall have the option, subject to the condition
set forth in paragraph (c), to purchase the entire, but not less than the
entire, Series [ ] Certificateholders' Interest, at a purchase price equal to
the Reassignment Amount for such Distribution Date.

      (b) The Seller shall give the Servicer and the Trustee at least 10
Business Days' prior written notice of the Distribution Date on which the Seller
intends to exercise such purchase option. Not later than 12:00 noon, New York
City time, on such Distribution Date the Seller shall deposit the Reassignment
Amount into the Collection Account in immediately available funds. Such purchase
option is subject to payment in full of the Reassignment Amount and if for any
reason the Seller fails to deposit the Reassignment Amount, payments shall
continue to be made to Certificateholders as provided herein. The Reassignment
Amount shall be distributed as set forth in Section 8.1(b).

                                       31
<PAGE>

      (c) If at the time the Seller exercises its purchase option hereunder the
Seller's unsecured debt is unrated or has a rating lower than the lowest
investment grade rating of any Rating Agency, the Seller shall deliver to the
Trustee on such Distribution Date an Opinion of Counsel (which must be an
independent outside counsel) to the effect that, in reliance on certain
certificates to the effect that the Series [ ] Certificateholders' Interest
purchased by the Seller constitutes fair value for the consideration paid
therefor and as to the Seller is solvent, the purchase of the Series [ ]
Certificateholders' Interest would not be considered a fraudulent conveyance
under applicable law.

      So long as any Series [ ] Certificates are listed on the Luxembourg Stock
Exchange and the rules of such exchange so require, the Trustee shall cause
notice of any such optional repurchase under this Section to be published in an
Authorized European Newspaper at least one Business Day prior to the related
Distribution Date and shall cause notice to be given by first-class mail,
postage prepaid, mailed not less than ten Business Days prior to the applicable
repurchase date, to each Holder of Class A and Class B Certificates at the
Holder's address in the register maintained by the Trustee under the Pooling and
Servicing Agreement, and shall inform the Luxembourg Stock Exchange thereof one
Business Day prior thereto in accordance with instructions from the Servicer
(which may be standing instructions).

                                  ARTICLE VIII

                               Final Distributions

      SECTION 8.1 Sale of Certificateholders' Interest Pursuant to Section 2.3
of the Agreement; Distributions Pursuant to Section 7.1 of this Series
Supplement or Section 2.3 or 12.2(c) of the Agreement. (1) The amount to be paid
by the Seller to the Collection Account with respect to Series [ ] in connection
with a purchase of the Certificateholders' Interest pursuant to Section 2.3 of
the Agreement shall equal the Reassignment Amount for the Distribution Date on
which such repurchase occurs.

      (b) With respect to the Reassignment Amount deposited into the Collection
Account pursuant to Section 7.1 or 8.1 of this Series Supplement or Section 2.3
of the Agreement or any Termination Proceeds deposited into the Collection
Account pursuant to Section 12.2(c) of the Agreement, the Trustee shall, not
later than 12:00 noon, New York time, on the Distribution Date on which such
amounts are deposited (or, if such date is not a Distribution Date, on the
immediately following Distribution Date) (in the priority set forth below): (i)
first, deposit an amount equal to the Invested Amount on such Distribution Date
into the Principal Funding Account, (ii) second, deposit an amount equal to the
amount distributable on such Distribution Date pursuant to Section 4.7(a)(i)
into the Interest Funding Account and (iii) third, pay the remainder of any
Termination Proceeds to the Seller; provided, however, that the sum of the
amounts allocated pursuant to clauses (i) through (iii) shall not exceed the
Reassignment Amount for Series [ ].

      (c) Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, any Termination Proceeds deposited in the Principal Funding
Account and the Interest Funding Account pursuant to Section 8.1 of this Series
Supplement and all other amounts on deposit therein

                                       32
<PAGE>

on the applicable Distribution Date shall be distributed in full to the Series
[ ] Certificateholders on such date in the following order of priority:

            (i) first to Class A Certificateholders, in an amount equal to the
      sum of (x) the Class A Monthly Interest for the current Distribution Date
      and, without duplication, any unpaid Class A Monthly Interest for any
      previous Distribution Date, (y) to the extent permitted by applicable law,
      any Class A Additional Interest for the current Distribution Date and,
      without duplication, any unpaid Class A Additional Interest for any
      previous Distribution Date, and (z) the Class A Invested Amount;

            (ii) second to Class B Certificateholders, in an amount equal to the
      sum of (x) the Class B Monthly Interest for the current Distribution Date
      and, without duplication, any unpaid Class B Monthly Interest for any
      previous Distribution Date, (y) to the extent permitted by applicable law,
      any Class B Additional Interest for the current Distribution Date and,
      without duplication, any unpaid Class B Additional Interest for any
      previous Distribution Date, and (z) the Class B Invested Amount; and

            (iii) third to Class C Certificateholders, in an amount equal to the
      sum of (x) the Class C Monthly Interest for the current Distribution Date
      and, without duplication, any unpaid Class C Monthly Interest for any
      previous Distribution Date, (y) to the extent permitted by applicable law,
      any Class C Additional Interest for the current Distribution Date and,
      without duplication, any unpaid Class C Additional Interest for any
      previous Distribution Date and (z) the Class C Invested Amount.

      No Class A Carry-over Amount, Class B Carry-over Amount, Class C
Carry-over Amount, Class A Carry-over Amount Additional Interest, Class B
Carry-over Amount Additional Interest or Class C Carry-over Amount Additional
Interest will be paid as part of this distribution.

      Any remaining funds shall be paid to the Seller.

      Any distribution made pursuant to paragraph (b) above and this paragraph
(c) shall be deemed to be a final distribution pursuant to Section 12.2 of the
Agreement with respect to Series [ ].

      SECTION 8.2 Distribution of Proceeds of Sale, Disposition or Liquidation
of the Receivables Pursuant to Section 9.2 of the Agreement. (1) Not later than
12:00 noon, New York City time, on the Distribution Date following the date on
which the Insolvency Proceeds are deposited into the Collection Account pursuant
to Section 9.2(b) of the Agreement, the Trustee shall (after giving effect to
any deposits and distributions otherwise to be made on such Distribution Date)
(x) deduct an amount equal to the amount distributable on such Distribution Date
pursuant to Section 4.7(a)(ii) from the Series [ ] Allocation Percentage of the
Insolvency Proceeds and deposit such amount in the Principal Funding Account,
(y) deduct an amount equal to the amount distributable on such Distribution Date
pursuant to Section 4.7(a)(i) from the Series [ ] Allocation Percentage of the
Insolvency Proceeds, and deposit such amount in the Interest Funding Account,

                                       33
<PAGE>

and (z) allocate the remainder of the Series [ ] Allocation Percentage of the
Insolvency Proceeds to the Seller's Interest and release the same to the Seller
on such Distribution Date.

      (b) Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, the entire amount deposited in the Principal Funding Account and
the Interest Funding Account pursuant to this Section and all other amounts on
deposit therein shall be distributed in full to the Series [ ]
Certificateholders in the order of priority set forth in Section 4.7 on the
Distribution Date on which funds are deposited pursuant to this Section 8.2 (or,
if not so deposited on a Distribution Date, on the immediately following
Distribution Date) and any distribution made pursuant to this Section 8.2 shall
be deemed to be a final distribution pursuant to Section 12.2 of the Agreement
with respect to Series [ ].

                                   ARTICLE IX

                            Miscellaneous Provisions

      SECTION 9.1 Securities Law Filings. The Seller shall cause the Class A and
Class B Certificates to be registered under the Securities Exchange Act of 1934,
as amended, to the extent required to do so under applicable law.

      SECTION 9.2 Ratification of Agreement. As supplemented by this Series
Supplement, the Agreement is in all respects ratified and confirmed and the
Agreement as so supplemented by this Series Supplement shall be read, taken and
construed as one and the same instrument.

      SECTION 9.3 Counterparts. This Series Supplement may be executed in two or
more counterparts (and by different parties on separate counterparts), each of
which shall be an original, but all of which together shall constitute one and
the same instrument.

      SECTION 9.4 Governing Law. This Series Supplement shall be governed by and
construed in accordance with the laws of the State of New York without reference
to its conflict of law provisions, and the obligations, rights and remedies of
the parties hereunder shall be determined in accordance with such laws.

      SECTION 9.5 Limitation of Class C Certificates. Each purchaser of a Class
C Certificate (other than Deutsche FRLP) (each, the "Purchaser") hereby
represents and warrants to the Trustee and Deutsche FRLP, and hereby agrees with
the Trustee and Deutsche FRLP, and the Purchaser hereby acknowledges, as follows
(except to the extent that such provisions have been waived or modified by
Deutsche FRLP in accordance with the Agreement or this Series Supplement):

            (1) The Class C Certificates have not been and will not be
      registered under the Securities Act or the securities laws of any
      jurisdiction. Consequently, the Class C Certificates are not transferable
      other than pursuant to an exemption from the registration requirements of
      the Securities Act and satisfaction of certain provisions of this Series
      Supplement.

                                       34
<PAGE>

            (2) The Purchaser is a "qualified institutional buyer" ("QIB")
      within the meaning of Rule 144A under the Securities Act ("Rule 144A") and
      is purchasing for its own account (and not for the account of others) or
      as a fiduciary or agent for others (which others also are QIBs and have
      executed a letter substantially in the form of Exhibit C to this Series
      Supplement and have delivered a copy of such letter to Deutsche FRLP and
      the Trustee). The Purchaser is aware that it (or any account for which it
      is purchasing) may be required to bear the economic risk of an investment
      in the Class C Certificates for an indefinite period, and it (or such
      account) is able to bear such risk for an indefinite period.

            (3) No sale, pledge or other transfer of any Class C Certificate may
      be made by any Person unless (a) either (i) such sale, pledge or other
      transfer is made to Deutsche FRLP, or (ii) so long as the Class C
      Certificates are eligible for resale pursuant to Rule 144A under the
      Securities Act, such sale, pledge or other transfer is made to a Person
      whom the transferor reasonably believes after due inquiry is a QIB acting
      for its own account (and not for the account of others) or as a fiduciary
      or agent for others (which others also are QIBs) to whom notice is given
      that the sale, pledge or transfer is being made in reliance on Rule 144A.

            (4) The Class C Certificates may not be acquired by or for the
      account of (i) an "employee benefit plan" (as defined in section 3(3) of
      the Employee Retirement Income Security Act of 1974, as amended
      ("ERISA")), that is subject to the provisions of Title I of ERISA, (ii) a
      plan described in Section 4975(e)(1) of the Code or (iii) any entity whose
      underlying assets include plan assets by reason of a plan's investment in
      the entity. By accepting and holding a Class C Certificate, the holder
      thereof shall be deemed to have represented and warranted that it is not
      within any of the categories described in the preceding sentence.

            (5) The Purchaser acknowledges that it has been afforded an
      opportunity to request from Deutsche FRLP, the Servicer and Deutsche Bank
      Securities Inc. (the "Initial Purchaser"), and has received and reviewed,
      all information which it has deemed necessary in connection with its
      decision to purchase the Class C Certificates. The Purchaser acknowledges
      that none of Deutsche FRLP, the Servicer, the Initial Purchaser nor any of
      their respective affiliates or any Person representing any of them has
      made any representation to it with respect to any information relating to
      the offering or sale of the Class C Certificates, other than the
      information contained in the private placement memorandum for the Class C
      Certificates, a copy of which has been delivered to it.

            (6) The Purchaser understands that all information furnished to it
      by Deutsche FRLP, the Servicer or the Initial Purchaser or representatives
      of Deutsche FRLP, the Servicer or the Initial Purchaser in connection with
      its evaluation of an investment in the Class C Certificates was provided
      to it on a confidential basis and it agrees not to disclose such
      information, in whole or in part, to any other Person.

                                       35
<PAGE>

            (7) The Purchaser further represents and warrants to Deutsche FRLP
      and the Trustee that, except to the extent permitted in paragraphs (8) and
      (9) below, the Purchaser: (i) is properly classified as a "corporation" as
      described in Section 7701(a)(3) of the Code which is created or organized
      under the laws of the United States, any State thereof or the District of
      Columbia, and will not knowingly take any action which will cause it not
      to be so classified; and (ii) is not an S corporation as described in
      Section 1361 of the Code (an "S Corporation"), and will not knowingly take
      any action which will cause it to be so classified.

            (8) No Class C Certificates shall be transferred or sold to any
      grantor trust, partnership or S Corporation (each a "Pass-Through Entity")
      unless such entity represents that (i) not 25% or more (or that amount
      which the Internal Revenue Service (or any successor thereto) may
      subsequently indicate is an amount which prevents treating direct and/or
      indirect owners of a Pass-Through Entity as partners in the Trust for
      purposes of determining whether the Trust is a publicly traded
      partnership) of the value of the assets of the Pass-Through Entity is
      attributable to the Pass-Through Entity's ownership interest in
      certificates issued by the Trust other than the Class A and Class B
      Certificates and (ii) the Pass-Through Entity does not specially allocate
      to any of its beneficiaries amounts received in respect of certificates
      issued by the Trust other than Class A and Class B Certificates. Any
      purported transfer, assignment or other conveyance (including any
      participation) of the Class C Certificates in contravention of the
      immediately preceding sentence shall be null and void ab initio and the
      purported transferor shall continue to be treated as the owner of such
      Class C Certificates and the purported transferee shall not be recognized
      as a Class C Certificateholder by Deutsche FRLP or the Trustee.

            (9) No Class C Certificates shall be transferred or sold to any
      foreign investor ("Foreign Investor") which does not make the
      representations contained in Annex 1 to the representation letter required
      to be signed by a purchaser in connection with the purchase of Class C
      Certificates. A Foreign Investor for this purpose includes any person who
      is not: (1) a citizen or resident of the United States; (2) a corporation
      or partnership or other entity treated for Federal income tax purposes as
      a corporation or a partnership created or organized in or under the laws
      of the United States, any State thereof or the District of Columbia; (3)
      an estate, the income of which is subject to United States Federal income
      tax, regardless of its source; or (4) a trust if a U.S. court is able to
      exercise primary supervision over the administration of the trust and one
      or more U.S. persons have the authority to control all substantial
      decisions of the trust. Notwithstanding the preceding sentence, to the
      extent provided in Treasury regulations, certain trusts in existence on
      August 20, 1996, and treated as United States persons under the Code and
      applicable Treasury regulations prior to that date, that elect to continue
      to be treated as United States persons under the Code or applicable
      Treasury regulations will not be Foreign Investors.

            (10) The Purchaser confirms that is has neither acquired nor will it
      sell, trade or transfer any interest in any Class C Certificate or cause
      an interest in any Class C Certificate to be marketed on or through (i) an
      "established securities market" within the meaning of

                                       36
<PAGE>

      Section 7704(b)(1) of the Code and any proposed, temporary or final
      treasury regulation thereunder, including, without limitation, an
      over-the-counter market or an interdealer quotation system that regularly
      disseminates firm buy or sell quotations or (ii) "secondary market" or
      "substantial equivalent thereof" within the meaning of Section 7704(b)(2)
      of the Code and any proposed, temporary or final treasury regulation
      thereunder, including a market wherein interests in the Class C
      Certificates are regularly quoted by any person making a market in those
      interests and a market wherein any person regularly makes available bid or
      offer quotes with respect to interests in the Class C Certificates and
      stands ready to effect buy or sell transactions at the quoted prices for
      itself or on behalf of others. Any purported transfer, assignment or other
      conveyance of any Class C Certificate in contravention of the foregoing
      covenant will be null and void ab initio and the purported transferor will
      continue to be treated as the holder of such Class C Certificate and the
      purported transferee will not be recognized as a Class C Certificateholder
      by Deutsche FRLP, the Servicer or the Trustee.

            (11) Notwithstanding the foregoing, at no time shall the aggregate
      number of Private Holders exceed 100. Any purported transfer, assignment
      or other conveyance (including any participation) of the Class C
      Certificates in contravention of the immediately preceding sentence will
      be null and void ab initio and the purported transferor will continue to
      be treated as the holder of those Class C Certificates and the purported
      transferee will not be recognized as a Class C Certificateholder by
      Deutsche FRLP, the Servicer or the Trustee. "Private Holder" means each
      holder of a right to receive interest or principal in respect of any
      direct or indirect interest in the Trust, including any financial
      instrument or contract the value of which is determined in whole or part
      by reference to the Trust (including the Trust's assets, income of the
      Trust or distributions made by the Trust), excluding any interest in the
      Trust represented by any series or class of certificates or any other
      interests as to which the Trustee has received an opinion of counsel to
      the effect that that series, class or other interest will be treated as
      debt or otherwise not as an equity interest in either the Trust or the
      Receivables for federal income tax purposes (unless that interest is
      convertible or exchangeable into an interest in the Trust or the Trust's
      income or that interest provides for payment of equivalent value).
      Notwithstanding the immediately preceding sentence, "Private Holder" will
      also include any other person that Deutsche FRLP determines is a "partner"
      within the meaning of Section 1.7704-1(h)(1)(ii) of the U.S. Treasury
      Regulations (including by reason of Section 1.7704-1(h)(3)) or any
      successor provision of law. Any person holding more than one interest in
      the Trust, each of which separately would cause that person to be a
      Private Holder, will be treated as a single Private Holder. Each holder of
      an interest in a Private Holder which is a partnership, S corporation or a
      grantor trust under the Code will be treated as a Private Holder unless
      excepted with the consent of Deutsche FRLP (which consent will be based on
      an opinion of counsel generally to the effect that the action taken
      pursuant to the consent will not cause the Trust to become a publicly
      traded partnership treated as a corporation). Notwithstanding anything to
      the contrary herein, each Class C Certificateholder, and each holder of
      any Class of any Series if with respect to such Class no opinion is
      delivered to the effect that the Certificates of such Class will be
      treated as debt for federal income tax purposes, will be considered to be
      a Private Holder.

                                       37
<PAGE>

            (12) The Class C Certificates will be issued in denominations of
      $1,000,000 and integral multiples of $100,000 in excess thereof. No Class
      C Certificate may be subdivided upon transfer or exchange in a manner so
      that the resulting Class C Certificate if it had been sold in the original
      offering would have had an initial offering price of less than $1,000,000
      and any purported transfer, assignment or conveyance of a Class C
      Certificate in contravention of the immediately preceding sentence will be
      void ab initio and the purported transferor will continue to be treated as
      the owner of that Class C Certificate for all purposes.

            (13) Without limiting the foregoing, no transfer, pledge, assignment
      or conveyance may be made to any one Person for Class C Certificates with
      a face amount of less than $1,000,000 and, in the case of any Person
      acting on behalf of one or more third parties (other than a bank (as
      defined in Section 3(a)(2) of the Securities Act) acting in its fiduciary
      capacity), for Class C Certificates with a face amount of less than that
      amount for each of those third parties. Any purported transfer, assignment
      or conveyance in contravention of the immediately preceding sentence will
      be void ab initio and the purported transferor will continue to be treated
      as the owner of the Class C Certificates for all purposes. Neither
      Deutsche FRLP nor the Trustee will be obligated to register the Class C
      Certificates under the Securities Act, qualify the Class C Certificates
      under the securities laws of any state or provide registration rights to
      any purchaser or holder thereof.

            (14) No transfer, assignment or conveyance of a Class C Certificate
      will be effective unless Deutsche FRLP and the Trustee shall have received
      a letter, substantially in the form of Exhibit C to this Series
      Supplement, from the transferee, assignee or recipient of the conveyance.

            (15) The Class C Certificates will bear legends substantially to the
      effect of the matters contemplated by paragraphs (1) through (14) above,
      unless Deutsche FRLP determines otherwise in accordance with applicable
      law.

            (16) If the Purchaser of the Class C Certificate is a Foreign
      Investor, the representations and warranties contained in Annex 1 to the
      form of letter in Exhibit C to this Series Supplement required to be
      signed by Foreign Investors purchasing Class C Certificates are
      incorporated by reference.

      SECTION 9.6 The Trustee; Paying Agent; Transfer Agent and Registrar. (a)
The Trustee shall not be responsible in any manner whatsoever for or in respect
of the validity or sufficiency of this Series Supplement, for or in respect of
the calculation or verification of any of the amounts, allocation or
distributions set forth in Article IV and Article VIII or for or in respect of
the recitals contained herein, all of which recitals are made solely by the
Seller; provided, however, that this sentence shall not limit the obligations of
the Trustee contemplated by Section 4.2(b) of this Series Supplement.

      (b) For so long as any Series [ ] Certificates are listed on the
Luxembourg Stock Exchange, an additional Paying Agent and an additional Transfer
Agent and Registrar for the Series

                                       38
<PAGE>

[ ] Certificates shall be maintained in Luxembourg. The Trustee is hereby
directed to appoint Kredietbank S.A. Luxembourgeoise in Luxembourg as an
additional Paying Agent and as additional Transfer Agent and Registrar for the
Series [ ] Certificates and to enter into a listing agency agreement with
Kredietbank S.A. Luxembourgeoise which is not inconsistent with the terms of
this Series Supplement and which is mutually satisfactory to the Servicer, the
Trustee and the Listing Agent; provided, that unless Kredietbank S.A.
Luxembourgeoise shall be rated "P-1" by Moody's and "A-1" by S&P, it may not
hold funds pursuant to this Series Supplement overnight.

      If the Listing Agent resigns or is removed and a successor is appointed,
notice of said appointment shall be given by publication in an Authorized
European Newspaper.

      SECTION 9.7 Instructions in Writing. All instructions given by the
Servicer to the Trustee pursuant to this Series Supplement shall be in writing,
and may be included in a Distribution Date Statement.

      SECTION 9.8 Initial Funding of Reserve Fund. On the Closing Date the
Seller shall cause to be deposited with the Trustee, and the Trustee shall
deposit in the Reserve Fund, available funds in an amount equal to [ ] percent
of the aggregate initial principal balance of the Series [ ] Certificates.

      SECTION 9.9 Severability; Certificate Rate Limitation. (a) If any one or
more of the covenants, agreements, provisions or terms of this Series Supplement
or any Series [ ] Certificate shall for any reason whatsoever be held invalid,
then such covenants, agreements, provisions or terms shall be deemed severable
from the remaining covenants, agreements, provisions or terms of this Series
Supplement and shall in no way affect the validity or enforceability of the
other provisions of this Series Supplement or of such Series [ ] Certificate.

      (b) Notwithstanding anything in this Series Supplement, the Agreement, or
any Series [ ] Certificate to the contrary, if at any time any Certificate Rate,
together with all fees, charges and other amounts which are treated as interest
on any Series [ ] Certificate under applicable law (collectively the "Charges"),
shall exceed the maximum lawful rate (the "Maximum Rate") which may be
contracted for, charged, taken, received or reserved by the Series [ ]
Certificateholders in accordance with the terms of this Series Supplement, the
Agreement or any Series [ ] Certificate, then such Certificate Rate, together
with all Charges payable in respect of the Series [ ] Certificate, shall be
limited to the Maximum Rate and, to the extent lawful, such Certificate Rate and
Charges that would have been payable in respect of the Series [ ] Certificates,
but were not payable as a result of the operation of this Section, shall be
cumulated and the Certificate Rate and Charges payable to the Series [ ]
Certificateholders in respect of other periods shall be increased (but not above
the Maximum Rate therefor) until such cumulated amount shall have been received
by the Series [ ] Certificateholders.

      SECTION 9.10 Headings. The headings herein are for purposes of reference
only and shall not otherwise affect the meaning or interpretation of any
provision hereof.

                                       39
<PAGE>

      SECTION 9.11 Certain Matters Relating to Luxembourg Stock Exchange
Listing. (a) For as long as any Series [ ] Certificates are listed on the
Luxembourg Stock Exchange, on each Date the Trustee shall notify the Listing
Agent and the Luxembourg Stock Exchange of the outstanding principal balance of
each Class of such Series [ ] Certificates after giving effect to distributions
of principal, if any, thereon on each Distribution Date (as soon as possible
after the determination of such principal balances but not later than the
Distribution Date on which a payment of principal is made) in accordance with
instructions from the Servicer (which may be standing instructions).

      (b) Promptly upon receipt of notice of any qualification, reduction or
withdrawal of the rating assigned to any Class of Certificates listed on the
Luxembourg Stock Exchange, the Trustee shall notify the Listing Agent and the
Luxembourg Stock Exchange thereof in accordance with instructions from the
Servicer (which may be standing instructions).

      (c) Prior to listing on the Luxembourg Stock Exchange, a legal notice
("Notice Legale") relating to the issuance of the Certificates, together with
certain documents relating to the Seller and the Trust, shall be deposited by
the Trustee (at the written direction of the Seller or the Servicer) with the
Chief Registrar of the District of Luxembourg ("Greffier en Chef du Tribunal
d'Arrondissement de et a Luxembourg"), where copies thereof may be obtained,
free of charge, upon request.

      (d) For so long as the Class A or Class B Certificates are listed on the
Luxembourg Stock Exchange and the rules of such exchange so require, the
Servicer and the Trustee shall cause the following documents to be available
without charge for inspection (and copies of the documents listed in (1), (2) ,
(4) and (5) to be provided without charge) during regular business hours at the
office of the Listing Agent in the City of Luxembourg:

            (1) an executed copy of the Agreement;

            (2) an executed copy of this Series Supplement;

            (3) an executed copy of the agreement between the Trustee and the
      Listing Agent;

            (4) a copy of the prospectus supplement relating to the public
      offering of the Class A and the Class B Certificates and the accompanying
      prospectus; and

            (5) copies of each monthly statement prepared by the Servicer for
      each Distribution Date.

      (e) The parties hereto shall cooperate in good faith to take all actions
and execute all documents which are necessary and appropriate to cause the Class
A Certificates and the Class B Certificates to be listed on the Luxembourg Stock
Exchange and to maintain such listing.

                                       40
<PAGE>

                               [SIGNATURES FOLLOW]

                                       41
<PAGE>

      IN WITNESS WHEREOF, the Seller, the Servicer and the Trustee have caused
this Series Supplement to be duly executed as of the day and year first above
written.

                                       DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                       as Seller

                                       By DEUTSCHE FLOORPLAN RECEIVABLES, INC.,
                                       its general partner

                                       By:
                                          --------------------------------------

                                       By:
                                          --------------------------------------

                                       DEUTSCHE FINANCIAL SERVICES CORPORATION,
                                       as Servicer

                                       By:
                                          --------------------------------------

                                       By:
                                          --------------------------------------

                                      S-1
<PAGE>

                                          [ ],
                                          as Trustee

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

                                      S-2
<PAGE>

                                                                       EXHIBIT A

                          FORM OF CLASS [ ] CERTIFICATE

                                            Initial
REGISTERED                                  Principal Balance: */
                                            $____________________
Certificate No.  R-
                                            CUSIP NO.

[Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the issuer or its
agent for registration of transfer, exchange, or payment, and any certificate
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.]

[FOR CLASS B CERTIFICATES, INSERT:

THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF (I) AN "EMPLOYEE
BENEFIT PLAN" (AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA")), THAT IS SUBJECT TO THE PROVISIONS
OF TITLE I OF ERISA, (II) A PLAN DESCRIBED IN SECTION 4975(e)(1) OF THE CODE OR
(III) ANY ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF A
PLAN'S INVESTMENT IN THE ENTITY. BY ACCEPTING AND HOLDING THIS CERTIFICATE, THE
HOLDER THEREOF SHALL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT IT IS NOT
WITHIN ANY OF THE CATEGORIES DESCRIBED IN THE PRECEDING SENTENCE.

[FOR CLASS C CERTIFICATES INSERT:

THE PURCHASER OF THIS CERTIFICATE (THE "PURCHASER") HEREBY REPRESENTS AND
WARRANTS TO THE TRUSTEE AND DEUTSCHE FRLP, AND HEREBY AGREES WITH THE TRUSTEE
AND DEUTSCHE FRLP, AND THE PURCHASER HEREBY ACKNOWLEDGES, AS FOLLOWS:

            (1) THE CLASS C CERTIFICATES HAVE NOT BEEN AND WILL NOT BE
      REGISTERED UNDER THE SECURITIES ACT OR THE SECURITIES LAWS OF ANY
      JURISDICTION. CONSEQUENTLY, THE CLASS C CERTIFICATES ARE NOT TRANSFERABLE
      OTHER THAN PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
      THE SECURITIES ACT AND SATISFACTION OF CERTAIN PROVISIONS OF THE SERIES
      SUPPLEMENT.

----------
*/ Denominations of $1,000 and integral multiples of $1,000 in excess thereof.

<PAGE>

            (2) THE PURCHASER IS A "QUALIFIED INSTITUTIONAL BUYER" ("QIB")
      WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT ("RULE 144A") AND
      IS PURCHASING FOR ITS OWN ACCOUNT (AND NOT FOR THE ACCOUNT OF OTHERS) OR
      AS A FIDUCIARY OR AGENT FOR OTHERS (WHICH OTHERS ALSO ARE QIBS AND HAVE
      EXECUTED A LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT C TO THE SERIES
      SUPPLEMENT AND HAVE DELIVERED A COPY OF SUCH LETTER TO DEUTSCHE FRLP AND
      THE TRUSTEE). THE PURCHASER IS AWARE THAT IT (OR ANY ACCOUNT FOR WHICH IT
      IS PURCHASING) MAY BE REQUIRED TO BEAR THE ECONOMIC RISK OF AN INVESTMENT
      IN THE CLASS C CERTIFICATES FOR AN INDEFINITE PERIOD, AND IT (OR SUCH
      ACCOUNT) IS ABLE TO BEAR SUCH RISK FOR AN INDEFINITE PERIOD.

            (3) NO SALE, PLEDGE OR OTHER TRANSFER OF ANY CLASS C CERTIFICATE MAY
      BE MADE BY ANY PERSON UNLESS (A) EITHER (I) SUCH SALE, PLEDGE OR OTHER
      TRANSFER IS MADE TO DEUTSCHE FRLP, OR (II) SO LONG AS THE CLASS C
      CERTIFICATES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
      SECURITIES ACT, SUCH SALE, PLEDGE OR OTHER TRANSFER IS MADE TO A PERSON
      WHOM THE TRANSFEROR REASONABLY BELIEVES AFTER DUE INQUIRY IS A QIB ACTING
      FOR ITS OWN ACCOUNT (AND NOT FOR THE ACCOUNT OF OTHERS) OR AS A FIDUCIARY
      OR AGENT FOR OTHERS (WHICH OTHERS ALSO ARE QIBS) TO WHOM NOTICE IS GIVEN
      THAT THE SALE, PLEDGE OR TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A.

            (4) THE CLASS C CERTIFICATES MAY NOT BE ACQUIRED BY OR FOR THE
      ACCOUNT OF (I) AN "EMPLOYEE BENEFIT PLAN" (AS DEFINED IN SECTION 3(3) OF
      THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
      ("ERISA")), THAT IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (II) A
      PLAN DESCRIBED IN SECTION 4975(e)(1) OF THE CODE OR (III) ANY ENTITY WHOSE
      UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF A PLAN'S INVESTMENT IN
      THE ENTITY. BY ACCEPTING AND HOLDING A CLASS C CERTIFICATE, THE HOLDER
      THEREOF SHALL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT IT IS NOT
      WITHIN ANY OF THE CATEGORIES DESCRIBED IN THE PRECEDING SENTENCE.

            (5) THE PURCHASER ACKNOWLEDGES THAT IT HAS BEEN AFFORDED AN
      OPPORTUNITY TO REQUEST FROM DEUTSCHE FRLP, THE SERVICER AND DEUTSCHE BANK
      SECURITIES INC. (THE "INITIAL PURCHASER"), AND HAS RECEIVED AND REVIEWED,
      ALL INFORMATION WHICH IT HAS DEEMED NECESSARY IN CONNECTION WITH ITS
      DECISION TO PURCHASE THE CLASS C CERTIFICATES. THE PURCHASER ACKNOWLEDGES
      THAT NONE OF DEUTSCHE FRLP, THE SERVICER, THE INITIAL PURCHASER NOR ANY OF
      THEIR RESPECTIVE AFFILIATES OR ANY PERSON REPRESENTING ANY OF THEM HAS

                                       2
<PAGE>

      MADE ANY REPRESENTATION TO IT WITH RESPECT TO ANY INFORMATION RELATING TO
      THE OFFERING OR SALE OF THE CLASS C CERTIFICATES, OTHER THAN THE
      INFORMATION CONTAINED IN THE PRIVATE PLACEMENT MEMORANDUM FOR THE CLASS C
      CERTIFICATES, A COPY OF WHICH HAS BEEN DELIVERED TO IT.

            (6) THE PURCHASER UNDERSTANDS THAT ALL INFORMATION FURNISHED TO IT
      BY DEUTSCHE FRLP, THE SERVICER OR THE INITIAL PURCHASER OR REPRESENTATIVES
      OF DEUTSCHE FRLP, THE SERVICER OR THE INITIAL PURCHASER IN CONNECTION WITH
      ITS EVALUATION OF AN INVESTMENT IN THE CLASS C CERTIFICATES WAS PROVIDED
      TO IT ON A CONFIDENTIAL BASIS AND IT AGREES NOT TO DISCLOSE SUCH
      INFORMATION, IN WHOLE OR IN PART, TO ANY OTHER PERSON.

            (7) THE PURCHASER FURTHER REPRESENTS AND WARRANTS TO DEUTSCHE FRLP
      AND THE TRUSTEE THAT, EXCEPT TO THE EXTENT PERMITTED IN PARAGRAPHS (8) AND
      (9) BELOW, THE PURCHASER: (I) IS PROPERLY CLASSIFIED AS A "CORPORATION" AS
      DESCRIBED IN SECTION 7701(a)(3) OF THE CODE WHICH IS CREATED OR ORGANIZED
      UNDER THE LAWS OF THE UNITED STATES, ANY STATE THEREOF OR THE DISTRICT OF
      COLUMBIA, AND WILL NOT KNOWINGLY TAKE ANY ACTION WHICH WILL CAUSE IT NOT
      TO BE SO CLASSIFIED; AND (II) IS NOT AN S CORPORATION AS DESCRIBED IN
      SECTION 1361 OF THE CODE, AND WILL NOT KNOWINGLY TAKE ANY ACTION WHICH
      WILL CAUSE IT TO BE SO CLASSIFIED.

            (8) NO CLASS C CERTIFICATES SHALL BE TRANSFERRED OR SOLD TO ANY
      GRANTOR TRUST, PARTNERSHIP OR S CORPORATION (EACH A "PASS-THROUGH ENTITY")
      UNLESS SUCH ENTITY REPRESENTS THAT (I) NOT 25% OR MORE (OR THAT AMOUNT
      WHICH THE INTERNAL REVENUE SERVICE (OR ANY SUCCESSOR THERETO) MAY
      SUBSEQUENTLY INDICATE IS AN AMOUNT WHICH PREVENTS TREATING DIRECT AND/OR
      INDIRECT OWNERS OF A PASS-THROUGH ENTITY AS PARTNERS IN THE TRUST FOR
      PURPOSES OF DETERMINING WHETHER THE TRUST IS A PUBLICLY TRADED
      PARTNERSHIP) OF THE VALUE OF THE ASSETS OF THE PASS-THROUGH ENTITY IS
      ATTRIBUTABLE TO THE PASS-THROUGH ENTITY'S OWNERSHIP INTEREST IN
      CERTIFICATES ISSUED BY THE TRUST OTHER THAN THE CLASS A AND CLASS B
      CERTIFICATES AND (II) THE PASS-THROUGH ENTITY DOES NOT SPECIALLY ALLOCATE
      TO ANY OF ITS BENEFICIARIES AMOUNTS RECEIVED IN RESPECT OF CERTIFICATES
      ISSUED BY THE TRUST OTHER THAN CLASS A AND CLASS B CERTIFICATES. ANY
      PURPORTED TRANSFER, ASSIGNMENT OR OTHER CONVEYANCE (INCLUDING ANY
      PARTICIPATION) OF THE CLASS C CERTIFICATES IN CONTRAVENTION OF THE
      IMMEDIATELY PRECEDING SENTENCE SHALL BE NULL AND VOID AB INITIO AND THE
      PURPORTED TRANSFEROR SHALL CONTINUE TO BE TREATED AS THE OWNER OF SUCH

                                       3
<PAGE>

      CLASS C CERTIFICATES AND THE PURPORTED TRANSFEREE SHALL NOT BE RECOGNIZED
      AS A CLASS C CERTIFICATEHOLDER BY DEUTSCHE FRLP OR THE TRUSTEE.

            (9) NO CLASS C CERTIFICATES SHALL BE TRANSFERRED OR SOLD TO ANY
      FOREIGN INVESTOR ("FOREIGN INVESTOR") WHICH DOES NOT MAKE THE
      REPRESENTATIONS CONTAINED IN ANNEX 1 TO THE REPRESENTATION LETTER REQUIRED
      TO BE SIGNED BY A PURCHASER IN CONNECTION WITH THE PURCHASE OF CLASS C
      CERTIFICATES. A FOREIGN INVESTOR FOR THIS PURPOSE INCLUDES ANY PERSON WHO
      IS NOT: (1) A CITIZEN OR RESIDENT OF THE UNITED STATES; (2) A CORPORATION
      OR PARTNERSHIP OR OTHER ENTITY TREATED FOR FEDERAL INCOME TAX PURPOSES AS
      A CORPORATION OR A PARTNERSHIP CREATED OR ORGANIZED IN OR UNDER THE LAWS
      OF THE UNITED STATES, ANY STATE THEREOF OR THE DISTRICT OF COLUMBIA; (3)
      AN ESTATE, THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME
      TAX, REGARDLESS OF ITS SOURCE; OR (4) A TRUST IF A U.S. COURT IS ABLE TO
      EXERCISE PRIMARY SUPERVISION OVER THE ADMINISTRATION OF THE TRUST AND ONE
      OR MORE U.S. PERSONS HAVE THE AUTHORITY TO CONTROL ALL SUBSTANTIAL
      DECISIONS OF THE TRUST. NOTWITHSTANDING THE PRECEDING SENTENCE, TO THE
      EXTENT PROVIDED IN TREASURY REGULATIONS, CERTAIN TRUSTS IN EXISTENCE ON
      AUGUST 20, 1996, AND TREATED AS UNITED STATES PERSONS UNDER THE CODE AND
      APPLICABLE TREASURY REGULATIONS PRIOR TO THAT DATE, THAT ELECT TO CONTINUE
      TO BE TREATED AS UNITED STATES PERSONS UNDER THE CODE OR APPLICABLE
      TREASURY REGULATIONS WILL NOT BE FOREIGN INVESTORS.

            (10) THE PURCHASER CONFIRMS THAT IS HAS NEITHER ACQUIRED NOR WILL IT
      SELL, TRADE OR TRANSFER ANY INTEREST IN ANY CLASS C CERTIFICATE OR CAUSE
      AN INTEREST IN ANY CLASS C CERTIFICATE TO BE MARKETED ON OR THROUGH (I) AN
      "ESTABLISHED SECURITIES MARKET" WITHIN THE MEANING OF SECTION 7704(b)(1)
      OF THE CODE AND ANY PROPOSED, TEMPORARY OR FINAL TREASURY REGULATION
      THEREUNDER, INCLUDING, WITHOUT LIMITATION, AN OVER-THE-COUNTER MARKET OR
      AN INTERDEALER QUOTATION SYSTEM THAT REGULARLY DISSEMINATES FIRM BUY OR
      SELL QUOTATIONS OR (II) "SECONDARY MARKET" OR "SUBSTANTIAL EQUIVALENT
      THEREOF" WITHIN THE MEANING OF SECTION 7704(b)(2) OF THE CODE AND ANY
      PROPOSED, TEMPORARY OR FINAL TREASURY REGULATION THEREUNDER, INCLUDING A
      MARKET WHEREIN INTERESTS IN THE CLASS C CERTIFICATES ARE REGULARLY QUOTED
      BY ANY PERSON MAKING A MARKET IN THOSE INTERESTS AND A MARKET WHEREIN ANY
      PERSON REGULARLY MAKES AVAILABLE BID OR OFFER QUOTES WITH RESPECT TO
      INTERESTS IN THE CLASS C CERTIFICATES AND STANDS READY TO EFFECT BUY OR
      SELL TRANSACTIONS AT THE QUOTED PRICES FOR ITSELF OR ON

                                       4
<PAGE>

      BEHALF OF OTHERS. ANY PURPORTED TRANSFER, ASSIGNMENT OR OTHER CONVEYANCE
      OF ANY CLASS C CERTIFICATE IN CONTRAVENTION OF THE FOREGOING COVENANT WILL
      BE NULL AND VOID AB INITIO AND THE PURPORTED TRANSFEROR WILL CONTINUE TO
      BE TREATED AS THE HOLDER OF SUCH CLASS C CERTIFICATE AND THE PURPORTED
      TRANSFEREE WILL NOT BE RECOGNIZED AS A CLASS C CERTIFICATEHOLDER BY
      DEUTSCHE FRLP, THE SERVICER OR THE TRUSTEE.

            (11) NOTWITHSTANDING THE FOREGOING, AT NO TIME SHALL THE AGGREGATE
      NUMBER OF PRIVATE HOLDERS EXCEED 100. ANY PURPORTED TRANSFER, ASSIGNMENT
      OR OTHER CONVEYANCE (INCLUDING ANY PARTICIPATION) OF THE CLASS C
      CERTIFICATES IN CONTRAVENTION OF THE IMMEDIATELY PRECEDING SENTENCE WILL
      BE NULL AND VOID AB INITIO AND THE PURPORTED TRANSFEROR WILL CONTINUE TO
      BE TREATED AS THE HOLDER OF THOSE CLASS C CERTIFICATES AND THE PURPORTED
      TRANSFEREE WILL NOT BE RECOGNIZED AS A CLASS C CERTIFICATEHOLDER BY
      DEUTSCHE FRLP, THE SERVICER OR THE TRUSTEE. "PRIVATE HOLDER" MEANS EACH
      HOLDER OF A RIGHT TO RECEIVE INTEREST OR PRINCIPAL IN RESPECT OF ANY
      DIRECT OR INDIRECT INTEREST IN THE TRUST, INCLUDING ANY FINANCIAL
      INSTRUMENT OR CONTRACT THE VALUE OF WHICH IS DETERMINED IN WHOLE OR PART
      BY REFERENCE TO THE TRUST (INCLUDING THE TRUST'S ASSETS, INCOME OF THE
      TRUST OR DISTRIBUTIONS MADE BY THE TRUST), EXCLUDING ANY INTEREST IN THE
      TRUST REPRESENTED BY ANY SERIES OR CLASS OF CERTIFICATES OR ANY OTHER
      INTERESTS AS TO WHICH THE TRUSTEE HAS RECEIVED AN OPINION OF COUNSEL TO
      THE EFFECT THAT THAT SERIES, CLASS OR OTHER INTEREST WILL BE TREATED AS
      DEBT OR OTHERWISE NOT AS AN EQUITY INTEREST IN EITHER THE TRUST OR THE
      RECEIVABLES FOR FEDERAL INCOME TAX PURPOSES (UNLESS THAT INTEREST IS
      CONVERTIBLE OR EXCHANGEABLE INTO AN INTEREST IN THE TRUST OR THE TRUST'S
      INCOME OR THAT INTEREST PROVIDES FOR PAYMENT OF EQUIVALENT VALUE).
      NOTWITHSTANDING THE IMMEDIATELY PRECEDING SENTENCE, "PRIVATE HOLDER" WILL
      ALSO INCLUDE ANY OTHER PERSON THAT DEUTSCHE FRLP DETERMINES IS A "PARTNER"
      WITHIN THE MEANING OF SECTION 1.7704-1(h)(1)(ii) OF THE U.S. TREASURY
      REGULATIONS (INCLUDING BY REASON OF SECTION 1.7704-1(h)(3)) OR ANY
      SUCCESSOR PROVISION OF LAW. ANY PERSON HOLDING MORE THAN ONE INTEREST IN
      THE TRUST, EACH OF WHICH SEPARATELY WOULD CAUSE THAT PERSON TO BE A
      PRIVATE HOLDER, WILL BE TREATED AS A SINGLE PRIVATE HOLDER. EACH HOLDER OF
      AN INTEREST IN A PRIVATE HOLDER WHICH IS A PARTNERSHIP, S CORPORATION OR A
      GRANTOR TRUST UNDER THE CODE WILL BE TREATED AS A PRIVATE HOLDER UNLESS
      EXCEPTED WITH THE CONSENT OF DEUTSCHE FRLP (WHICH CONSENT WILL BE BASED ON
      AN OPINION OF COUNSEL GENERALLY TO THE EFFECT THAT THE ACTION TAKEN
      PURSUANT TO THE CONSENT WILL NOT CAUSE THE TRUST TO BECOME A

                                       5
<PAGE>

      PUBLICLY TRADED PARTNERSHIP TREATED AS A CORPORATION). NOTWITHSTANDING
      ANYTHING TO THE CONTRARY HEREIN, EACH CLASS C CERTIFICATEHOLDER, AND EACH
      HOLDER OF ANY CLASS OF ANY SERIES IF WITH RESPECT TO SUCH CLASS NO OPINION
      IS DELIVERED TO THE EFFECT THAT THE CERTIFICATES OF SUCH CLASS WILL BE
      TREATED AS DEBT FOR FEDERAL INCOME TAX PURPOSES, WILL BE CONSIDERED TO BE
      A PRIVATE HOLDER.

            (12) THE CLASS C CERTIFICATES WILL BE ISSUED IN DENOMINATIONS OF
      $1,000,000 AND INTEGRAL MULTIPLES OF $100,000 IN EXCESS THEREOF. NO CLASS
      C CERTIFICATE MAY BE SUBDIVIDED UPON TRANSFER OR EXCHANGE IN A MANNER SO
      THAT THE RESULTING CLASS C CERTIFICATE IF IT HAD BEEN SOLD IN THE ORIGINAL
      OFFERING WOULD HAVE HAD AN INITIAL OFFERING PRICE OF LESS THAN $1,000,000
      AND ANY PURPORTED TRANSFER, ASSIGNMENT OR CONVEYANCE OF A CLASS C
      CERTIFICATE IN CONTRAVENTION OF THE IMMEDIATELY PRECEDING SENTENCE WILL BE
      VOID AB INITIO AND THE PURPORTED TRANSFEROR WILL CONTINUE TO BE TREATED AS
      THE OWNER OF THAT CLASS C CERTIFICATE FOR ALL PURPOSES.

            (13) WITHOUT LIMITING THE FOREGOING, NO TRANSFER, PLEDGE, ASSIGNMENT
      OR CONVEYANCE MAY BE MADE TO ANY ONE PERSON FOR CLASS C CERTIFICATES WITH
      A FACE AMOUNT OF LESS THAN $1,000,000 AND, IN THE CASE OF ANY PERSON
      ACTING ON BEHALF OF ONE OR MORE THIRD PARTIES (OTHER THAN A BANK (AS
      DEFINED IN SECTION 3(a)(2) OF THE SECURITIES ACT) ACTING IN ITS FIDUCIARY
      CAPACITY), FOR CLASS C CERTIFICATES WITH A FACE AMOUNT OF LESS THAN THAT
      AMOUNT FOR EACH OF THOSE THIRD PARTIES. ANY PURPORTED TRANSFER, ASSIGNMENT
      OR CONVEYANCE IN CONTRAVENTION OF THE IMMEDIATELY PRECEDING SENTENCE WILL
      BE VOID AB INITIO AND THE PURPORTED TRANSFEROR WILL CONTINUE TO BE TREATED
      AS THE OWNER OF THE CLASS C CERTIFICATES FOR ALL PURPOSES. NEITHER
      DEUTSCHE FRLP NOR THE TRUSTEE WILL BE OBLIGATED TO REGISTER THE CLASS C
      CERTIFICATES UNDER THE SECURITIES ACT, QUALIFY THE CLASS C CERTIFICATES
      UNDER THE SECURITIES LAWS OF ANY STATE OR PROVIDE REGISTRATION RIGHTS TO
      ANY PURCHASER OR HOLDER THEREOF.

            (14) NO TRANSFER, ASSIGNMENT OR CONVEYANCE OF A CLASS C CERTIFICATE
      WILL BE EFFECTIVE UNLESS DEUTSCHE FRLP AND THE TRUSTEE SHALL HAVE RECEIVED
      A LETTER, SUBSTANTIALLY IN THE FORM OF EXHIBIT C TO THE SERIES SUPPLEMENT,
      FROM THE TRANSFEREE, ASSIGNEE OR RECIPIENT OF THE CONVEYANCE.

            (15) IF THE PURCHASER OF THE CLASS C CERTIFICATE IS A FOREIGN
      INVESTOR, THE REPRESENTATIONS AND WARRANTIES CONTAINED IN ANNEX

                                       6
<PAGE>

      1 TO THE FORM OF LETTER IN EXHIBIT C TO THE SERIES SUPPLEMENT REQUIRED TO
      BE SIGNED BY FOREIGN INVESTORS PURCHASING CLASS C CERTIFICATES ARE
      INCORPORATED BY REFERENCE.]

                                       7
<PAGE>

              $___________ FLOATING RATE ASSET BACKED CERTIFICATES,

                              SERIES [ ], CLASS [ ]

              evidencing a fractional undivided interest in certain
                                  assets of the

             DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST.

      This certificate ("Certificate") does not represent any interest in, or
obligation of, Deutsche Floorplan Receivables, L.P. ("Deutsche FRLP" or the
"Seller"), Deutsche Financial Services Corporation ("DFS"), Deutsche Bank AG or
any affiliate thereof.

      This certifies that [ ] (the "Class [ ] Certificateholder"), is the
registered owner of a fractional undivided interest in assets of the
Distribution Financial Services Floorplan Master Trust (the "Trust") created
pursuant to an Amended and Restated Pooling and Servicing Agreement (the "P&S"),
dated as of April 1, 2000, as supplemented by the Series [ ] Supplement dated as
of [ ], 2002 (the "Series [ ] Supplement" or the "Series Supplement"), among
Deutsche FRLP, as Seller, DFS, as Servicer, and [ ], as trustee (the "Trustee").
The P&S and the Series [ ] Supplement are collectively referred to herein as the
"Pooling and Servicing Agreement."

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Pooling and Servicing Agreement or be valid
for any purpose.

      THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

      This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement to which, as amended and
supplemented from time to time, the Certificateholder by virtue of the
acceptance hereof assents and is bound. Although a summary of certain provisions
of the Pooling and Servicing Agreement is set forth herein, this Certificate
does not purport to summarize the Pooling and Servicing Agreement and reference
is made to the Pooling and Servicing Agreement for information with respect to
the interests, rights, benefits, obligations, proceeds and duties evidenced
hereby and the rights, duties and obligations of the Trustee. In the event of
any conflict or inconsistency between this Certificate and the Pooling and
Servicing Agreement, the Pooling and Servicing Agreement shall control in all
respects. To the extent not defined herein, the capitalized terms used herein
have the meanings ascribed to them in the Pooling and Servicing Agreement.

                                       8
<PAGE>

      The Seller has entered into the Pooling and Servicing Agreement and the
Series [ ] Certificates have been (or shall be) issued with the intention that
the Series [ ] Certificates shall qualify as indebtedness of Deutsche FRLP
secured by the Receivables for Federal income taxes, state and local income,
single business and franchise taxes (imposed on or measured by income) and any
other taxes imposed on or measured by income. The Seller, each Beneficiary and
each Certificateholder and Certificate Owner, by the acceptance of its
Certificate or Book-Entry Certificate, as applicable, agrees to treat such
Series [ ] Certificate as indebtedness of the Seller secured by the Receivables
for Federal income taxes, state and local income, single business and franchise
taxes (imposed on or measured by income) and any other taxes imposed on or
measured by income.

      [FOR CLASS B AND CLASS C CERTIFICATES, INSERT: THIS CERTIFICATE IS
SUBORDINATE TO THE CLASS A [AND CLASS B] CERTIFICATES IN ACCORDANCE WITH THE
SERIES SUPPLEMENT].

                                       9
<PAGE>

      IN WITNESS WHEREOF, the Seller has caused this Certificate to be duly
executed.

                                       DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                       as Seller

                                       By DEUTSCHE FLOORPLAN RECEIVABLES, INC.,
                                       its general partner

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

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

Dated:

                                      S-1
<PAGE>

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Pooling and
Servicing Agreement.

                                               [ ],
                                               as Trustee

                                               By:
                                                  ------------------------------
                                                  Authorized Officer

Dated:

                                       S-2
<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee

--------------------------------

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto ___________________________________________________________________________
                            (name and address of assignee)

--------------------------------

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

                                                                               *
Dated:___________________                      ---------------------------------
                                                           Signature Guaranteed:

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

                                                                       EXHIBIT B

                           DISTRIBUTION DATE STATEMENT

      (a)   The aggregate amount of Collections, the aggregate amount of
Non-Principal Collections and the aggregate amount of Principal Collections
processed during the immediately preceding Collection Period, and the Pool
Balance as of the end of such Collection Period;

      (b)   The Floating Allocation Percentage, the Principal Allocation
Percentage and the Series [ ] Allocation Percentage relating to such Collection
Period;

      (c)   The total amount, if any, distributed on the Series [ ]
Certificates;

      (d)   The amount of such distribution allocable to principal on the Class
A Certificates, the Class B Certificates and the Class C Certificates;

      (e)   The amount of such distribution allocable to interest on the Class A
Certificates, the Class B Certificates and the Class C Certificates;

      (f)   The Investor Default Amount for the applicable Distribution Date;

      (g)   The Deficiency Amount, if any, for the preceding Collection Period;

      (h)   The amount of the Class A, Class B and Class C Investor Charge-Offs
and the amounts of reimbursements thereof for the preceding Collection Period;

      (i)   The amount of the Monthly Servicing Fee for the preceding Collection
Period;

      (j)   The Class A Invested Amount, the Class B Invested Amount, the Class
C Invested Amount, the Excess Funding Account balance and the outstanding
principal balance of the Class A, Class B and Class C Certificates for such
Distribution Date (after giving effect to all distributions which shall occur on
such Distribution Date);

      (k)   The Controlled Deposit Amount, if any;

      (l)   The Class A Pool Factor, Class B Pool Factor and Class C Pool
Factor;

      (m)   LIBOR and the applicable Net Receivables Rate for the next Interest
Period;

      (n)   The Reserve Fund balance with respect to the current Determination
Date;

<PAGE>

      (o)   The Principal Funding Account balance, the Interest Funding Account
balance, he Yield Supplement Account balance and the Collection Account balance
with respect to the current Distribution Date;

      (p)   The Servicer Advance, if any, for the current Distribution Date and
reimbursement of any Servicer Advance;

      (q)   Any elective or "deemed" waiver of the Monthly Servicing Fee for the
current Distribution Date;

      (r)   If a Dealer Overconcentration exists, (i) the Unconcentrated Pool
Balance, (ii) the aggregate amount of such Dealer Overconcentration, (iii) the
applicable Unconcentrated Percentage and Overconcentrated Percentage, and (iv)
the portion of Collections, Miscellaneous Payments and the Defaulted Amount
allocated to the Dealer Overconcentration Series and other Series;

      (s)   the Class A Monthly Interest;

      (t)   the Class B Monthly Interest;

      (u)   the Class C Monthly Interest;

      (v)   the Class A Additional Interest;

      (w)   the Class B Additional Interest;

      (x)   the Class C Additional Interest;

      (y)   the Certificateholders' Monthly Servicing Fee;

      (z)   the Reserve Fund Deposit Amount;

      (aa)  the Investor Default Amount;

      (bb)  the Class A Carry-over Amount;

      (cc)  the Class B Carry-over Amount;

      (dd)  the Class C Carry-over Amount;

      (ee)  the Yield Supplement Account Deposit Amount;

      (ff)  the amount calculated pursuant to Section 4.6(b);

      (gg)  the amount calculated pursuant to Section 4.7(a)(i);

                                       2
<PAGE>

      (hh)  the amount calculated pursuant to Section 4.8;

      (ii)  the amount calculated pursuant to Section 4.10; and

      (jj)  Miscellaneous Payments, including Adjustment Payments, Transfer
            Deposit Amounts and Unallocated Principal Collections.

                                       3
<PAGE>

                                                                       EXHIBIT C

                          FORM OF REPRESENTATION LETTER

                                     [Date]

[ ], as Trustee

Deutsche Floorplan Receivables, L.P.
655 Maryville Centre Drive
St. Louis, MO 63141

      Re:   Distribution Financial Services Floorplan Master Trust, Series [ ],
            Class C Certificates

Ladies and Gentlemen:

      This letter is being delivered by the undersigned (the "Purchaser")
pursuant to Section 9.5 of the Series [ ] Supplement dated as of [ ], 2002 (as
amended, amended and restated or otherwise modified from time to time, the
"Supplement") among Deutsche Floorplan Receivables, L.P., as Seller ("Deutsche
FRLP"), Deutsche Financial Services Corporation, as Servicer, and [ ], as
Trustee, in connection with the Purchaser's acquisition of a Class C
Certificate. Capitalized terms defined in (or by reference in) the Supplement
and used herein without definition shall have the meanings defined in (or by
reference in) the Supplement. The Purchaser hereby represents and warrants to
the Trustee and Deutsche FRLP, and hereby agrees with the Trustee and Deutsche
FRLP, and the Purchaser hereby acknowledges, as follows:

            (1) The Class C Certificates have not been and will not be
      registered under the Securities Act or the securities laws of any
      jurisdiction. Consequently, the Class C Certificates are not transferable
      other than pursuant to an exemption from the registration requirements of
      the Securities Act and satisfaction of certain provisions of the
      Supplement.

            (2) The Purchaser is a "qualified institutional buyer" ("QIB")
      within the meaning of Rule 144A under the Securities Act ("Rule 144A") and
      is purchasing for its own account (and not for the account of others) or
      as a fiduciary or agent for others (which others also are QIBs and have
      executed a letter substantially in the form of this letter and have
      delivered a copy of such letter to Deutsche FRLP and the Trustee). The

                                       1
<PAGE>

      Purchaser is aware that it (or any account for which it is purchasing) may
      be required to bear the economic risk of an investment in the Class C
      Certificates for an indefinite period, and it (or such account) is able to
      bear such risk for an indefinite period.

            (3) No sale, pledge or other transfer of any Class C Certificate may
      be made by any Person unless (a) either (i) such sale, pledge or other
      transfer is made to Deutsche FRLP, or (ii) so long as the Class C
      Certificates are eligible for resale pursuant to Rule 144A under the
      Securities Act, such sale, pledge or other transfer is made to a Person
      whom the transferor reasonably believes after due inquiry is a QIB acting
      for its own account (and not for the account of others) or as a fiduciary
      or agent for others (which others also are QIBs) to whom notice is given
      that the sale, pledge or transfer is being made in reliance on Rule 144A.

            (4) The Class C Certificates may not be acquired by or for the
      account of (i) an "employee benefit plan" (as defined in section 3(3) of
      the Employee Retirement Income Security Act of 1974, as amended
      ("ERISA")), that is subject to the provisions of Title I of ERISA, (ii) a
      plan described in Section 4975(e)(1) of the Code or (iii) any entity whose
      underlying assets include plan assets by reason of a plan's investment in
      the entity. By accepting and holding a Class C Certificate, the holder
      thereof shall be deemed to have represented and warranted that it is not
      within any of the categories described in the preceding sentence.

            (5) The Purchaser acknowledges that it has been afforded an
      opportunity to request from Deutsche FRLP, the Servicer and Deutsche Bank
      Securities Inc. (the "Initial Purchaser"), and has received and reviewed,
      all information which it has deemed necessary in connection with its
      decision to purchase the Class C Certificates. The Purchaser acknowledges
      that none of Deutsche FRLP, the Servicer, the Initial Purchaser nor any of
      their respective affiliates or any Person representing any of them has
      made any representation to it with respect to any information relating to
      the offering or sale of the Class C Certificates, other than the
      information contained in the private placement memorandum for the Class C
      Certificates, a copy of which has been delivered to it.

            (6) The Purchaser understands that all information furnished to it
      by Deutsche FRLP, the Servicer or the Initial Purchaser or representatives
      of Deutsche FRLP, the Servicer or the Initial Purchaser in connection with
      its evaluation of an investment in the Class C Certificates was provided
      to it on a confidential basis and it agrees not to disclose such
      information, in whole or in part, to any other Person.

            (7) The Purchaser further represents and warrants to Deutsche FRLP
      and the Trustee that, except to the extent permitted in paragraphs (8) and
      (9) below, the Purchaser: (i) is properly classified as a "corporation" as
      described in Section 7701(a)(3) of the Code which is created or organized
      under the laws of the United States, any State thereof or the District of
      Columbia, and will not knowingly take any action which will cause it not
      to be so classified; and (ii) is not an S corporation as described in
      Section

                                       2
<PAGE>

      1361 of the Code (an "S Corporation"), and will not knowingly take any
      action which will cause it to be so classified.

            (8) No Class C Certificates shall be transferred or sold to any
      grantor trust, partnership or S Corporation (each a "Pass-Through Entity")
      unless such entity represents that (i) not 25% or more (or that amount
      which the Internal Revenue Service (or any successor thereto) may
      subsequently indicate is an amount which prevents treating direct and/or
      indirect owners of a Pass-Through Entity as partners in the Trust for
      purposes of determining whether the Trust is a publicly traded
      partnership) of the value of the assets of the Pass-Through Entity is
      attributable to the Pass-Through Entity's ownership interest in
      certificates issued by the Trust other than the Class A and Class B
      Certificates and (ii) the Pass-Through Entity does not specially allocate
      to any of its beneficiaries amounts received in respect of certificates
      issued by the Trust other than Class A and Class B Certificates. Any
      purported transfer, assignment or other conveyance (including any
      participation) of the Class C Certificates in contravention of the
      immediately preceding sentence shall be null and void ab initio and the
      purported transferor shall continue to be treated as the owner of such
      Class C Certificates and the purported transferee shall not be recognized
      as a Class C Certificateholder by Deutsche FRLP or the Trustee.

            (9) No Class C Certificates shall be transferred or sold to any
      foreign investor ("Foreign Investor") which does not make the
      representations contained in Annex 1 to the representation letter required
      to be signed by a purchaser in connection with the purchase of Class C
      Certificates. A Foreign Investor for this purpose includes any person who
      is not: (1) a citizen or resident of the United States; (2) a corporation
      or partnership or other entity treated for Federal income tax purposes as
      a corporation or a partnership created or organized in or under the laws
      of the United States, any State thereof or the District of Columbia; (3)
      an estate, the income of which is subject to United States Federal income
      tax, regardless of its source; or (4) a trust if a U.S. court is able to
      exercise primary supervision over the administration of the trust and one
      or more U.S. persons have the authority to control all substantial
      decisions of the trust. Notwithstanding the preceding sentence, to the
      extent provided in Treasury regulations, certain trusts in existence on
      August 20, 1996, and treated as United States persons under the Code and
      applicable Treasury regulations prior to that date, that elect to continue
      to be treated as United States persons under the Code or applicable
      Treasury regulations will not be Foreign Investors.

            (10) The Purchaser confirms that is has neither acquired nor will it
      sell, trade or transfer any interest in any Class C Certificate or cause
      an interest in any Class C Certificate to be marketed on or through (i) an
      "established securities market" within the meaning of Section 7704(b)(1)
      of the Code and any proposed, temporary or final treasury regulation
      thereunder, including, without limitation, an over-the-counter market or
      an interdealer quotation system that regularly disseminates firm buy or
      sell quotations or (ii) "secondary market" or "substantial equivalent
      thereof" within the meaning of Section 7704(b)(2) of the Code and any
      proposed, temporary or final treasury regulation

                                       3
<PAGE>

      thereunder, including a market wherein interests in the Class C
      Certificates are regularly quoted by any person making a market in those
      interests and a market wherein any person regularly makes available bid or
      offer quotes with respect to interests in the Class C Certificates and
      stands ready to effect buy or sell transactions at the quoted prices for
      itself or on behalf of others. Any purported transfer, assignment or other
      conveyance of any Class C Certificate in contravention of the foregoing
      covenant will be null and void ab initio and the purported transferor will
      continue to be treated as the holder of such Class C Certificate and the
      purported transferee will not be recognized as a Class C Certificateholder
      by Deutsche FRLP, the Servicer or the Trustee.

            (11) Notwithstanding the foregoing, at no time shall the aggregate
      number of Private Holders exceed 100. Any purported transfer, assignment
      or other conveyance (including any participation) of the Class C
      Certificates in contravention of the immediately preceding sentence will
      be null and void ab initio and the purported transferor will continue to
      be treated as the holder of those Class C Certificates and the purported
      transferee will not be recognized as a Class C Certificateholder by
      Deutsche FRLP, the Servicer or the Trustee. "Private Holder" means each
      holder of a right to receive interest or principal in respect of any
      direct or indirect interest in the Trust, including any financial
      instrument or contract the value of which is determined in whole or part
      by reference to the Trust (including the Trust's assets, income of the
      Trust or distributions made by the Trust), excluding any interest in the
      Trust represented by any series or class of certificates or any other
      interests as to which the Trustee has received an opinion of counsel to
      the effect that that series, class or other interest will be treated as
      debt or otherwise not as an equity interest in either the Trust or the
      Receivables for federal income tax purposes (unless that interest is
      convertible or exchangeable into an interest in the Trust or the Trust's
      income or that interest provides for payment of equivalent value).
      Notwithstanding the immediately preceding sentence, "Private Holder" will
      also include any other person that Deutsche FRLP determines is a "partner"
      within the meaning of Section 1.7704-1(h)(1)(ii) of the U.S. Treasury
      Regulations (including by reason of Section 1.7704-1(h)(3)) or any
      successor provision of law. Any person holding more than one interest in
      the Trust, each of which separately would cause that person to be a
      Private Holder, will be treated as a single Private Holder. Each holder of
      an interest in a Private Holder which is a partnership, S corporation or a
      grantor trust under the Code will be treated as a Private Holder unless
      excepted with the consent of Deutsche FRLP (which consent will be based on
      an opinion of counsel generally to the effect that the action taken
      pursuant to the consent will not cause the Trust to become a publicly
      traded partnership treated as a corporation). Notwithstanding anything to
      the contrary herein, each Class C Certificateholder, and each holder of
      any Class of any Series if with respect to such Class no opinion is
      delivered to the effect that the Certificates of such Class will be
      treated as debt for federal income tax purposes, will be considered to be
      a Private Holder.

            (12) The Class C Certificates will be issued in denominations of
      $1,000,000 and integral multiples of $100,000 in excess thereof. No Class
      C Certificate may be

                                       4
<PAGE>

      subdivided upon transfer or exchange in a manner so that the resulting
      Class C Certificate if it had been sold in the original offering would
      have had an initial offering price of less than $1,000,000 and any
      purported transfer, assignment or conveyance of a Class C Certificate in
      contravention of the immediately preceding sentence will be void ab initio
      and the purported transferor will continue to be treated as the owner of
      that Class C Certificate for all purposes.

            (13) Without limiting the foregoing, no transfer, pledge, assignment
      or conveyance may be made to any one Person for Class C Certificates with
      a face amount of less than $1,000,000 and, in the case of any Person
      acting on behalf of one or more third parties (other than a bank (as
      defined in Section 3(a)(2) of the Securities Act) acting in its fiduciary
      capacity), for Class C Certificates with a face amount of less than that
      amount for each of those third parties. Any purported transfer, assignment
      or conveyance in contravention of the immediately preceding sentence will
      be void ab initio and the purported transferor will continue to be treated
      as the owner of the Class C Certificates for all purposes. Neither
      Deutsche FRLP nor the Trustee will be obligated to register the Class C
      Certificates under the Securities Act, qualify the Class C Certificates
      under the securities laws of any state or provide registration rights to
      any purchaser or holder thereof.

            (14) No transfer, assignment or conveyance of a Class C Certificate
      will be effective unless Deutsche FRLP and the Trustee shall have received
      a letter, substantially in the form of this letter, from the transferee,
      assignee or recipient of the conveyance.

            (15) The Class C Certificates will bear legends substantially to the
      effect of the matters contemplated by paragraphs (1) through (14) above,
      unless Deutsche FRLP determines otherwise in accordance with applicable
      law.

            (16) This letter has been duly executed and delivered by the
      Purchaser and constitutes the legal, valid and binding obligation of the
      Purchaser, enforceable against the Purchaser in accordance with its terms,
      except as such enforceability may be limited by bankruptcy, insolvency,
      reorganization, moratorium or similar laws or equitable principles
      affecting the enforcement of creditors' rights generally and general
      principles of equity.

            (17) If the Purchaser is a Foreign Investor, the representations and
      warranties contained in Annex 1 hereto are incorporated herein by
      reference.

                                       5
<PAGE>

      IN WITNESS WHEREOF, the Purchaser has signed this letter as of the date
first above written.

                                            [NAME OF PURCHASER]

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

                                       6
<PAGE>

                                                                         ANNEX 1

            (18) The Purchaser's long term debt is rated investment grade by an
      internationally recognized rating agency.

            (19) The Purchaser agrees that, prior to the date on which the first
      interest payment under the Supplement is due thereto, it shall deliver to
      Deutsche FRLP, the Servicer and the Trustee (i) two duly completed copies
      of the United States Internal Revenue Service Form W-8ECI or successor
      applicable form and (ii) an Internal Revenue Service Form W-8 or successor
      applicable form. The Purchaser also agrees to deliver to Deutsche FRLP,
      the Servicer and the Trustee two further copies of the said Form W-8ECI
      and Form W-8, or successor applicable forms or other manner of
      certification, as the case may be, on or before the date that any such
      form expires or becomes obsolete or after the occurrence of any event
      requiring a change in the most recent form previously delivered by it and
      such extensions or renewals thereof as may reasonably be requested by the
      Servicer, unless in any such case an event (including, without limitation,
      any change in treaty, law or regulation) has occurred prior to the date on
      which any such delivery would otherwise be required which renders all such
      forms inapplicable or which would prevent the Purchaser from duly
      completing and delivering any such form with respect to it and the
      Purchaser so advises the Servicer, the Trustee and Deutsche FRLP.

            (20) Notwithstanding anything to the contrary in this letter, the
      Purchaser agrees that, upon written notice by the Servicer to the
      Purchaser in accordance with paragraph (22) below that the U.S. Internal
      Revenue Service ("IRS") has determined that amounts payable under the
      Supplement are subject to withholding tax under Section 1446 of the Code
      (a "Withholding Tax" and such determination being a "Withholding Event"):

                  a. The Purchaser shall, for tax years for which the Purchaser
            has already filed, or was legally required to file, U.S. federal
            income tax returns (each a "Prior Tax Year") prior to notice of such
            Withholding Event in accordance with paragraph (22) below, (A)
            provide to Deutsche FRLP a signed officer's certificate of the
            Purchaser stating that amounts paid under the Supplement have been
            included in the Purchaser's U.S. federal income tax returns for each
            such Prior Tax Year, and (B) upon the written request of Deutsche
            FRLP, which request shall provide assurances of confidentiality of
            information reasonably satisfactory to the Purchaser, provide all
            information in the Purchaser's possession or control to Deutsche
            FRLP or, at the Purchaser's option, to the IRS directly required by
            the IRS in support of the application of Section 1463 of the Code
            for each such Prior Tax Year to such Withholding Tax.

                  b. If Section 1463 of the Code is not applicable for any Prior
            Tax Year of the Purchaser because the Purchaser did not include
            amounts payable under the Supplement in its U.S. federal income tax
            return for such Prior Tax Year and properly pay any federal income
            tax due on such amounts or failed to file a U.S. federal income
            return with respect to such Prior Tax

                                       7
<PAGE>

            Year, the Purchaser shall (at the Purchaser's option) either (x)
            amend or file, as the case may be, its U.S. federal income tax
            return for such Prior Tax Year to properly include amounts paid
            under the Supplement during such Prior Tax Year, pay any federal
            income tax due on such amounts (and interest and penalties thereon
            if required) and comply with the provisions of clause (b) of this
            paragraph (20) with respect to such Prior Tax Year or (y) pay to
            Deutsche FRLP or the Trust, as applicable, the amount of any
            Withholding Tax (and any interest or penalties thereon) paid or
            payable by Deutsche FRLP or the Trust to the IRS (which payment by
            the Purchaser, if the applicable Withholding Tax has not theretofore
            been remitted to the IRS, shall be paid over by Deutsche FRLP or the
            Trust, as applicable, to the IRS for application to such Withholding
            Tax) on payments under the Supplement during such Prior Tax Year
            which were not included on the Purchaser's U.S. federal income tax
            return or with respect to which the Purchaser did not so properly
            pay federal income tax.

                  c. No increased amounts shall be payable to the Purchaser if
            any taxes are required to be withheld or deducted from any amount
            payable to the Purchaser with respect to any Withholding Tax unless,
            due to a change in law, treaty or regulation (or in the
            interpretation or administration thereof by any governmental or
            regulatory agency or body charged with the administration or
            interpretation thereof), the credit for U.S. federal income tax
            purposes available to the Purchaser under the Code (as in effect on
            the Closing Date) resulting from such Withholding Tax is
            discontinued or substantially reduced.

      In connection with remitting to the IRS any required amount of Withholding
      Tax on account of the Purchaser for any tax year subsequent to the last
      Prior Tax Year, the amount thereof may be charged first against the amount
      otherwise payable to the Purchaser pursuant to the Supplement (a "Payable
      Amount") for the distribution date immediately preceding such remittance
      and then against each successive Payable Amount for subsequent
      distribution dates to the extent required to aggregate such Withholding
      Tax amount.

            (21) The Purchaser agrees that it shall use reasonable efforts to
      take any actions that shall avoid any Withholding Tax or the need for, or
      reduce the amount of, any amounts payable to it for all present and future
      taxes, levies, imposts, duties, deductions, withholdings, fees,
      liabilities and similar charges ("Taxes"); provided that the Purchaser
      shall not be obligated to take any such actions that would, in the
      reasonable opinion of the Purchaser, be unlawful or otherwise
      disadvantageous to the Purchaser or would result in any unreimbursed cost
      or expense to the Purchaser, which cost and expense would not have been
      incurred but for such actions. If any amounts payable to the Purchaser for
      Taxes (referred to above) shall not be eliminated or reduced by the
      actions taken by the Purchaser and payment thereof under the Supplement
      shall not be waived by the Purchaser within 15 days after Deutsche FRLP
      shall have given written notice to the Purchaser of its intent to replace
      the Purchaser, Deutsche FRLP shall have the right to (A) request in
      writing that the Purchaser use reasonable efforts, and the Purchaser
      hereby agrees upon receipt of such request to use its reasonable efforts,
      to obtain a replacement investor for the Class C Certificates owned by the
      Purchaser, which replacement investor is reasonably acceptable to Deutsche
      FRLP, or (B) itself seek to replace the Purchaser with a new investor
      which is reasonably acceptable to Deutsche FRLP; provided that the
      Purchaser shall not be

                                       8
<PAGE>

      replaced with a new investor until the Purchaser has been repaid in full
      all amounts owed to it pursuant to the Supplement. Subject to the
      provisions of this paragraph (21), the Purchaser hereby agrees to assign
      all of its rights and obligations with respect to the Class C certificates
      (and with respect to the Supplement) to the replacement investor pursuant
      to an agreement in form and substance reasonably acceptable to the
      Purchaser, Deutsche FRLP, the Trustee and the replacement investor,
      subject to payment in full of all amounts due to the Purchaser under the
      Supplement.

            (22) The Purchaser's address for notice is:

                 --------------------------------------------------

                 --------------------------------------------------

                 --------------------------------------------------

                 --------------------------------------------------

                                       9
<PAGE>

                                                                      SCHEDULE 1

<TABLE>
<CAPTION>

Name of Series
[  ] Account                                              Account No.
--------------                                            -----------
<S>                                                       <C>
Interest Funding Account                                  [ ]

Principal Funding Account                                 [ ]

Excess Funding Account                                    [ ]

Reserve Fund                                              [ ]

Yield Supplement Account                                  [ ]
</TABLE>

          All of the foregoing accounts are maintained at the Trustee.

<PAGE>

                                                                      SCHEDULE 2

            Initial Principal Amounts of the Series [ ] Certificates

<TABLE>
<CAPTION>

Class                                                  Initial Principal Amount
-----                                                  ------------------------
<S>                                                            <C>
Class A                                                        $[ ]
Class B                                                        $[ ]
Class C                                                        $[ ]
</TABLE><PAGE>

                                                                    Exhibit 10.1

================================================================================

                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.

                                      Buyer

                                      with

                     DEUTSCHE FINANCIAL SERVICES CORPORATION

                                       and

                     DEUTSCHE BUSINESS SERVICES CORPORATION

                                     Sellers

                   RECEIVABLES CONTRIBUTION AND SALE AGREEMENT

                          Dated as of December 1, 1993,

                    Amended and Restated as of March 1, 1994,

                         Amended as of January 24, 1996,

                                       and

                   Amended and Restated as of October 1, 1996

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                               PAGE
<S>           <C>                                                              <C>
                                     ARTICLE I
                                    DEFINITIONS

Section 1.1.  Definitions....................................................   1
Section 1.2.  Other Definitional Provisions..................................   2

                                    ARTICLE II
                             CONVEYANCE OF RECEIVABLES

Section 2.1.  Conveyance of Receivables......................................   2
Section 2.2.  Representations and Warranties of the
                     Sellers Relating to the Sellers
                                and the Agreement............................   5
Section 2.3.  Representations and Warranties of the
                                Sellers Relating to the Receivables..........   8
Section 2.4.  Addition of Accounts...........................................   9
Section 2.5.  Covenants of the Sellers.......................................  12
Section 2.6.  Removal of Eligible Accounts...................................  13
Section 2.7.  Removal of Ineligible Accounts.................................  15
Section 2.8.  Sale of Ineligible Receivables.................................  16

                                    ARTICLE III
                    ADMINISTRATION AND SERVICING OF RECEIVABLES

Section 3.1.  Acceptance of Appointment and Other
                                Matters Relating to the Servicer.............  16
Section 3.2.  Servicing Compensation.........................................  17

                                    ARTICLE IV
                         RIGHTS OF CERTIFICATEHOLDERS AND
                     ALLOCATION AND APPLICATION OF COLLECTIONS

Section 4.1.  Allocations and Applications of Collections
                                and Other Funds..............................  17

                                     ARTICLE V
                       OTHER MATTERS RELATING TO THE SELLERS
</TABLE>

                                       -i-

<PAGE>

<TABLE>
<S>           <C>                                                              <C>
Section 5.1.  Merger or Consolidation of, or Assumption of,
                                the Obligations of the Sellers...............  17
Section 5.2.  Sellers' Indemnification of the Buyer..........................  18
</TABLE>

                                      -ii-
<PAGE>

<TABLE>
<CAPTION>
<S>          <C>                                                              <C>
                                   ARTICLE VI
                                   TERMINATION..............................  18

                                   ARTICLE VII
                            MISCELLANEOUS PROVISIONS

Section 7.1.  Amendment......................................................  19
Section 7.2.  Protection of Right, Title and
                      Interest to Receivables................................  20
Section 7.3.  Limited Recourse...............................................  21
Section 7.4.  No Petition....................................................  21
Section 7.5.  GOVERNING LAW..................................................  22
Section 7.6.  Notices........................................................  22
Section 7.7.  Severability of Provisions.....................................  22
Section 7.8.  Assignment.....................................................  22
Section 7.9.  Further Assurances.............................................  22
Section 7.10. No Waiver; Cumulative Remedies.................................  22
Section 7.11. Counterparts...................................................  23
Section 7.12. Third-Party Beneficiaries......................................  23
Section 7.13. Merger and Integration.........................................  23
Section 7.14. Headings.......................................................  23
Section 7.15. Continued Effectiveness of the
                      Receivables Contribution and
                      Sale Agreement.........................................  23
Section 7.16. Submission to Jurisdiction.....................................  23
</TABLE>

                                      -iii-
<PAGE>

<TABLE>
EXHIBITS
<S>          <C>
Exhibit A    Form of Assignment of Receivables in Additional Accounts

Exhibit B    Form of Opinion of Counsel regarding Amendments

Exhibit C    Form of Reassignment of Receivables in Removed Accounts

Schedule 1   List of Accounts
</TABLE>

                                      -iv-
<PAGE>

      RECEIVABLES CONTRIBUTION AND SALE AGREEMENT, dated as of December 1, 1993,
amended and restated as of March 1, 1994, amended as of January 24, 1996 and
amended and restated as of October 1, 1996, among DEUTSCHE FLOORPLAN
RECEIVABLES, L.P., a Delaware limited partnership, formerly known as ITT
Floorplan Receivables, L.P., as Buyer, DEUTSCHE FINANCIAL SERVICES CORPORATION
("DFS"), a Nevada corporation, formerly known as ITT Commercial Finance Corp.,
and DEUTSCHE BUSINESS SERVICES CORPORATION ("Deutsche BSC"), a Missouri
corporation, formerly known as ITT Business Services Corporation, as Sellers.

                               W I T N E S E T H:

      WHEREAS the Sellers in the ordinary course of their businesses finance the
purchase of floorplan inventory, accounts receivable and other assets of dealers
in, and manufacturers of, commercial and consumer products, thereby generating
certain payment obligations;

      WHEREAS the Sellers wish to sell or contribute certain of such existing
and future payment obligations from time to time to the Buyer; and

      WHEREAS the Buyer desires to sell such payment obligations to the Deutsche
Floorplan Receivables Master Trust, pursuant to a Pooling and Servicing
Agreement dated as of December 1, 1993, amended and restated as of March 1,
1994, amended as of January 24, 1996, and amended and restated as of October 1,
1996 (as the same may from time to time be amended, supplemented or otherwise
modified, the "Pooling and Servicing Agreement"), among the Buyer, as seller,
DFS, as servicer, and The Chase Manhattan Bank, as trustee (the "Trustee").

      WHEREAS the Sellers and the Buyer desire to amend and restate this
Agreement.

      NOW THEREFORE, the parties hereto agree as follows:

                                    ARTICLE I

                                   Definitions

      Section 1.1. Definitions. Capitalized terms used herein but not otherwise
defined shall have the meanings set forth in the Pooling and Servicing
Agreement. The rules of construction in Sections 1.2 and 1.3 of the Pooling and
Servicing Agreement shall be applied to this Agreement. In addition, the term
"Agreement" means this Receivables Contribution and Sale Agreement, as the same
may from time to time be amended, supplemented or otherwise modified.

      Section 1.2. Other Definitional Provisions. (a) The words "hereof",
"herein" and "hereunder" and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of
this Agreement; Article, Section, Schedule, and
<PAGE>

Exhibit references are references to Sections, Schedules and Exhibits in or to
this Agreement unless otherwise specified; and the term "including" shall mean
"including without limitation".

      (b) The definitions contained in this Agreement are applicable to the
singular as well as the plural forms of such terms and to the masculine as well
as to the feminine and neuter genders of such terms.

                                   ARTICLE II

                            Conveyance of Receivables

      Section 2.1. Conveyance of Receivables. By execution of this Agreement,
each Seller does hereby sell, transfer, assign, set over and otherwise convey,
without recourse (except as expressly provided herein), to the Buyer on the
first Closing Date, in the case of Initial Accounts, and on the applicable
Addition Date, in the case of Additional Accounts, all of its right, title and
interest in, to and under the Receivables in each Account and all Collateral
Security with respect thereto owned by such Seller at the close of business on
the Cut-Off Date, in the case of the Initial Accounts, and on the applicable
Additional Cut-Off Date, in the case of Additional Accounts, and all monies due
or to become due and all amounts received with respect thereto and all proceeds
(including "proceeds" as defined in Section 9-306 of the UCC as in effect in the
State of Missouri and the State of Georgia, as applicable, and Recoveries)
thereof and all of such Seller's rights, remedies, powers and privileges with
respect to such Receivables under the related Floorplan Agreements. Subject to
Article VI, as of each Business Day prior to the earlier of (x) the occurrence
of an Early Amortization Event specified in Section 9.1(b), (c), (d), or (e) of
the Pooling and Servicing Agreement and (y) the Trust Termination Date, on which
Receivables are created in the Accounts (a "Transfer Date"), each Seller does
hereby sell, transfer, assign, set over and otherwise convey, without recourse
(except as expressly provided herein), to the Buyer, all of its right, title and
interest in, to and under the Receivables in each Account (other than any
Receivables created in any Removed Account from and after the applicable Removal
Date) and all Collateral Security with respect thereto owned by such Seller at
the close of business on such Transfer Date and not theretofore conveyed to the
Buyer, all monies due or to become due and all amounts received with respect
thereto and all proceeds (including "proceeds" as defined in Section 9-306 of
the UCC as in effect in the State of Missouri and the State of Georgia, as
applicable, and Recoveries) thereof and all of such Seller's rights, remedies,
powers and privileges with respect to such Receivables under the related
Floorplan Agreements. The foregoing sale, transfer, assignment, set-over and
conveyance and any subsequent sales, transfers, assignments, set-overs and
conveyances do not constitute, and are not intended to result in, the creation
or an assumption by the Buyer of any obligation of the Servicer, either Seller
or any other Person in connection with the Accounts, the Receivables or under
any agreement or instrument relating thereto, including any obligation under the
Financing Agreements, the Floorplan Agreements and any Participation Agreement
and any other obligation to any Dealer or Manufacturer.

                                      -2-
<PAGE>

      To the extent, if any, that a Receivable and its Collateral Security was
subject to a participation arrangement under which DFS and Deutsche BSC owned
undivided interests in such Receivable and Collateral Security immediately prior
to its conveyance hereunder, DFS and Deutsche BSC are hereby selling,
transferring, assigning, setting over and conveying to the Buyer all of their
right, title and interest in their respective undivided interests in such
Receivable and Collateral Security, such that the Buyer owns the entire
Receivable and its Collateral Security free of any such participation
arrangement.

      On the Closing Date, pursuant to the terms of this Section 2.1, (i) DFS
shall contribute as capital to the Buyer Receivables in the amount of
$2,245,412,372.69, together with the related Collateral Security and Floorplan
Rights (defined below) and (ii) Deutsche BSC shall sell to the Buyer Receivables
in the amount of $2,632,722.01, together with the related Collateral Security
and Floorplan Rights. Subject to Article VI, the purchase price for the
Receivables sold by (a) Deutsche BSC to the Buyer on the Closing Date and (b) by
each of the Sellers to the Buyer on each Addition Date and on each Transfer Date
thereafter shall be a price agreed to by the Buyer and each Seller at the time
of acquisition by the Buyer, which price shall not, in the opinion of the Buyer,
be materially less favorable to the Buyer than prices for transactions of a
generally similar character at the time of the acquisition taking into account
the quality of such Receivables and other pertinent factors, including, without
limitation, prevailing interest rates; provided that such consideration shall in
any event not be less than reasonably equivalent value therefor.

      At its option from time to time, DFS may convey as a capital contribution
to the Buyer (or convey as a capital contribution to the general partner of the
Buyer which may then convey as a capital contribution to the Buyer) Receivables
together with the related Collateral Security and Floorplan Rights (or interests
in any of the foregoing).

      In connection with such contributions and sales, each Seller agrees to
record and file, at its own expense, a financing statement on form UCC-1 (and
continuation statements when applicable) naming the applicable Seller as
"seller" and the Buyer as "Purchaser" thereon with respect to the Receivables
now existing and hereafter created for the sale of chattel paper, accounts or
general intangibles (as defined in Section 9-105 of the UCC as in effect in any
state where such Seller's or the Servicer's chief executive offices or books and
records relating to the Receivables are located) meeting the requirements of
applicable state law in such manner and in such jurisdictions as are necessary
to perfect the sale and assignment of the Receivables, the Collateral Security
and all of such Seller's rights, remedies, powers and privileges with respect to
such Receivables under the related Floorplan Agreements (the "Floorplan Rights")
to the Buyer, and to deliver a file-stamped copy of such financing statements or
other evidence of such filing to the Buyer on or prior to the first Closing
Date, in the case of Initial Accounts, and (if any additional filing is so
necessary) the applicable Addition Date, in the case of Additional Accounts. In
addition, each Seller shall cause to be timely filed in the appropriate filing
office any UCC-1 financing statement and continuation statement necessary to
perfect any sale of Receivables to the Seller. The Buyer shall be under no
obligation whatsoever to file such financing statement, or a continuation
statement to such financing statement, or to make any other filing under the UCC
in connection with such contribution and sales.

                                      -3-
<PAGE>

The parties hereto intend that the transfers of Receivables and other items
effected by this Agreement be sales (or, in the case of contributions, true
contributions).

      In connection with such contribution and sales, each Seller further
agrees, at its own expense, on or prior to the first Closing Date, in the case
of Initial Accounts, the applicable Addition Date, in the case of Additional
Accounts, and the applicable Removal Date, in the case of Removed Accounts, (a)
to indicate in its books and records, which may include computer files, that the
Receivables created in connection with the Accounts (other than Removed
Accounts) have been sold, and the Collateral Security and the Floorplan Rights
assigned, to the Buyer pursuant to this Agreement and sold to the Trust pursuant
to the Pooling and Servicing Agreement for the benefit of the Certificateholders
and the other Beneficiaries and (b) to deliver to the Buyer a computer file or
microfiche or written list containing a true and complete list of all such
Accounts (other than Removed Accounts) specifying for each such Account, as of
the Cut-Off Date, in the case of Initial Accounts, and the applicable Additional
Cut-Off Date, in the case of Additional Accounts, (i) its account number and
(ii) the aggregate amount of Principal Receivables in such Account. Such file or
list, as supplemented from time to time to reflect Additional Accounts and
Removed Accounts, shall be marked as Schedule 1 to this Agreement and is hereby
incorporated into and made a part of this Agreement.

      In the event that such contributions, sales and assignments are deemed to
constitute a pledge of security for a loan, it is the intent of this Agreement
that each Seller shall be deemed to have granted to the Buyer a first priority
perfected security interest in all of such Seller's right, title and interest to
and under the Receivables, the Collateral Security and all proceeds thereof and
the Floorplan Agreements, and that this Agreement shall constitute a security
agreement under applicable law.

      Section 2.2. Representations and Warranties of the Sellers Relating to the
Sellers and the Agreement. Each Seller hereby represents and warrants to the
Buyer, as to itself and the Receivables being transferred and sold by it
hereunder, as of each Closing Date that:

            (a) Organization and Good Standing. Such Seller is a corporation
      duly organized and validly existing and in good standing under the laws of
      the state of its incorporation and has, in all material respects, full
      corporate power, authority and legal right to own its properties and
      conduct its business as such properties are presently owned and such
      business is presently conducted, and to execute, deliver and perform its
      obligations under this Agreement.

            (b) Due Qualification. Such Seller is duly qualified to do business
      and, where necessary, is in good standing as a foreign corporation (or is
      exempt from such requirement) and has obtained all necessary licenses and
      approvals in each jurisdiction in which the conduct of its business
      requires such qualification except where the failure to so qualify or
      obtain licenses or approvals would not have a material adverse effect on
      its ability to perform its obligations hereunder.

                                      -4-
<PAGE>

            (c) Due Authorization. The execution and delivery of this Agreement
      and the consummation of the transactions provided for or contemplated by
      this Agreement have been duly authorized by such Seller by all necessary
      corporate action on the part of the Seller and are within its corporate
      powers.

            (d) No Conflict. The execution and delivery of this Agreement, the
      performance of the transactions contemplated by this Agreement and the
      fulfillment of the terms hereof and thereof, will not conflict with,
      result in any breach of any of the material terms and provisions of, or
      constitute (with or without notice or lapse of time or both) a material
      default under, any indenture, contract, agreement, mortgage, deed of
      trust, or other instrument to which such Seller is a party or by which it
      or its properties are bound.

            (e) No Violation. The execution and delivery of this Agreement, the
      performance of the transactions contemplated by this Agreement and the
      fulfillment of the terms hereof and thereof applicable to such Seller,
      will not conflict with or violate any material Requirements of Law
      applicable to such Seller or conflict with, violate, result in any breach
      of any of the material terms and provisions of, or constitute (with or
      without notice or lapse of time or both) a material default under any
      indenture, contract, agreement, mortgage, deed of trust, or other
      instrument to which either Seller is a party or by which such Seller is
      bound.

            (f) No Proceedings. There are no proceedings or, to the best
      knowledge of such Seller, investigations, pending or threatened against
      such Seller, before any Governmental Authority (i) asserting the
      invalidity of this Agreement, (ii) seeking to prevent the consummation of
      any of the transactions contemplated by this Agreement, (iii) seeking any
      determination or ruling that, in the reasonable judgment of such Seller,
      would materially and adversely affect the performance by such Seller of
      its obligations under this Agreement, (iv) seeking any determination or
      ruling that would materially and adversely affect the validity or
      enforceability of this Agreement or (v) seeking to affect adversely the
      income tax attributes of the Trust under the United States federal or any
      state income, single business or franchise tax systems.

            (g) All Consents Required. All appraisals, authorizations, consents,
      orders, approvals or other actions of any Person or of any governmental
      body or official required in connection with the execution and delivery of
      this Agreement, the performance of the transactions contemplated by this
      Agreement, and the fulfillment of the terms hereof or thereof, have been
      obtained.

            (h) Enforceability. This Agreement constitutes a legal, valid and
      binding obligation of such Seller enforceable against such Seller in
      accordance with its terms, except as such enforceability may be limited by
      applicable bankruptcy, insolvency, reorganization, moratorium or other
      similar laws now or hereafter in effect affecting the enforcement of
      creditors' rights in general and except as such enforceability may be
      limited by general principles of equity (whether considered in a suit at
      law or in equity).

                                      -5-
<PAGE>

            (i) Record of Accounts. As of the first Closing Date, in the case of
      Initial Accounts, as of the applicable Addition Date, in the case of the
      Additional Accounts, and, as of the applicable Removal Date, in the case
      of Removed Accounts, Schedule 1 to this Agreement is an accurate and
      complete listing in all material respects of all the Accounts as of the
      Cut-Off Date, the applicable Additional Cut-Off Date or the applicable
      Removal Date, as the case may be, and the information contained therein
      with respect to the identity of such Accounts and the Receivables existing
      thereunder is true and correct in all material respects as of the Cut-Off
      Date, such applicable Additional Cut-Off Date or such Removal Date, as the
      case may be.

            (j) Valid Transfer. This Agreement or, in the case of Additional
      Accounts, the related Assignment constitutes a valid sale, transfer and
      assignment to the Buyer of all right, title and interest of such Seller in
      the Receivables and the Collateral Security and the proceeds thereof. Upon
      the filing of the financing statements described in Section 2.1 with the
      Secretary of State of the State of Missouri and the County Recorder of St.
      Louis County in the State of Missouri with respect to DFS and the County
      Recorder of Cobb County in the State of Georgia, in the case of Deutsche
      BSC and, in the case of the Receivables hereafter created and the proceeds
      thereof, upon the creation thereof, the Buyer shall have a first priority
      perfected ownership interest in such property. Except as otherwise
      provided in the Pooling and Servicing Agreement, neither such Seller nor
      any Person claiming through or under such Seller has any claim to or
      interest in the Trust Assets.

      The representations and warranties set forth in this Section 2.2 shall
survive the transfer and assignment of the Receivables to the Buyer. Upon
discovery by a Seller or the Buyer of a breach of any of the foregoing
representations and warranties, the party discovering such breach shall give
prompt written notice to the other parties.

      In the event of any breach of any of the representations and warranties
set forth in this Section 2.2 and if, in connection therewith, the Buyer shall
be obligated to purchase the Certificateholders' Interest pursuant to Section
2.3 of the Pooling and Servicing Agreement, the Sellers shall repurchase the
Receivables, the Collateral Security and Floorplan Rights respectively conveyed
by them and shall pay to the Buyer on the Business Day preceding the
Distribution Date on which such purchase of the Certificateholders' Interest is
to be made an amount equal to the purchase price for the Certificateholders'
Interest as specified in the Pooling and Servicing Agreement. The obligation of
the Seller to purchase the Receivables pursuant to this Section 2.2 shall
constitute the sole remedy against such Seller respecting an event of the type
specified in the first sentence of this paragraph available to the Buyer and to
the Investor Certificateholders (or the Trustee on behalf of the Investor
Certificateholders).

      Section 2.3. Representations and Warranties of the Sellers Relating to the
Receivables.

      (a) Representations and Warranties. Each Seller hereby represents and
warrants to the Buyer, with respect to the Receivables conveyed by such Seller,
that:

                                      -6-
<PAGE>

            (i) Each Receivable and all Collateral Security existing on the
      first Closing Date or, in the case of Additional Accounts, on the
      applicable Addition Date, and on each Transfer Date, has been conveyed to
      the Buyer free and clear of any Lien.

            (ii) With respect to each Receivable and all Collateral Security
      existing on the first Closing Date or, in the case of Additional Accounts,
      on the applicable Addition Date, and on each Transfer Date, all consents,
      licenses, approvals or authorizations of or registrations or declarations
      with any Governmental Authority required to be obtained, effected or given
      by such Seller in connection with the conveyance of such Receivable or
      Collateral Security to the Buyer have been duly obtained, effected or
      given and are in full force and effect.

            (iii) On the Cut-Off Date and each Closing Date, each Initial
      Account is an Eligible Account and, in the case of Additional Accounts, on
      the applicable Additional Cut-Off Date and each subsequent Closing Date,
      each such Additional Account is an Eligible Account.

            (iv) On the first Closing Date, in the case of the Initial Accounts,
      and, in the case of the Additional Accounts, on the applicable Additional
      Cut-Off Date, and on each Transfer Date, each Receivable conveyed to the
      Buyer on such date is an Eligible Receivable or, if such Receivable is not
      an Eligible Receivable, such Receivable is conveyed to the Buyer in
      accordance with Section 2.8.

            (v) Each Participation Agreement, if any, relating to Receivables
      conveyed by such Seller permits the transfer of such Receivables to the
      Buyer and the Trust and provides that the undivided interest of such
      participant is pari passu in all respects (other than non- subordinated
      interest strips and fees) with the remaining undivided interest in the
      related Receivables. If such Participation Agreement was created after
      December 1, 1993, such Participation Agreement states that the related
      undivided interest of such Seller may be transferred to a securitization
      vehicle and contains an agreement by the participant that such participant
      shall have no rights against the securitization vehicle or any successor
      servicer for such securitization vehicle, other than in connection with
      funds allocable to the participant that have been improperly withheld by
      the securitization vehicle.

      (b) Notice of Breach. The representations and warranties set forth in this
Section 2.3 shall survive the transfer and assignment of the Receivables to the
Buyer. Upon discovery by such Seller or the Buyer of a breach of any of the
representations and warranties set forth in this Section 2.3, the party
discovering such breach shall give prompt written notice to the other parties.

      (c) Repurchase. In the event any representation or warranty under Section
2.3(a) is not true and correct as of the date specified therein with respect to
any Receivable or Account and the Buyer is, in connection therewith, required to
purchase such Receivable or all Receivables in such Account pursuant to Section
2.4(c) of the Pooling and Servicing Agreement, then, within 30 days (or such
longer period as may be agreed to by the Buyer) of the earlier to occur of the
discovery of any such event by a Seller or the Buyer, or receipt by either
Seller or the Buyer of written notice of

                                      -7-
<PAGE>

any such event given by the Trustee or any Enhancement Providers, the applicable
Seller shall repurchase the Receivable or Receivables, if any, of which the
Buyer is required to accept reassignment pursuant to the Pooling and Servicing
Agreement on the Business Day preceding the Determination Date on which such
reassignment is to occur.

      The applicable Seller shall purchase each such Receivable by making a
payment to the Buyer in immediately available funds on the Business Day
preceding the Distribution Date on which such reassignment is to occur in an
amount equal to the Purchase Price for such Receivable. Upon payment of the
Purchase Price, the Buyer shall automatically and without further action be
deemed to sell, transfer, assign, set over and otherwise convey to such Seller,
without recourse, representation or warranty, all the right, title and interest
of the Buyer in and to such Receivable, all Collateral Security, the related
Floorplan Rights and all monies due or to become due with respect thereto and
all proceeds thereof. The Buyer shall execute such documents and instruments of
transfer or assignment and take such other actions as shall reasonably be
requested by such Seller to effect the conveyance of such Receivables pursuant
to this Section. The obligation of such Seller to repurchase any such Receivable
shall constitute the sole remedy respecting the event giving rise to such
obligation available to the Buyer and to the Certificateholders (or the Trustee
on behalf of Certificateholders).

      Section 2.4. Addition of Accounts. (a) Each Seller may from time to time
offer to voluntarily designate additional Eligible Accounts to be included as
Accounts, subject to the conditions specified in paragraph (b) below. If any
such offer is accepted by the Buyer, Receivables and Collateral Security, if
any, from such Additional Accounts shall be sold to the Buyer (or contributed to
the Buyer in accordance with Section 2.1) effective on a date (the "Addition
Date") specified in a written notice provided by the Seller (or the Servicer on
its behalf) to the Buyer and any Enhancement Providers specifying the Additional
Cut-Off Date and the Addition Date for such Additional Accounts (the "Addition
Notice") on or before the fifth Business Day but not more than the 30th day
prior to the related Addition Date or, if the Automatic Addition Condition is
satisfied, on the Determination Date following the Collection Period in which
such Addition Dates occur (the "Notice Date"). An Addition Notice may relate to
one or more Accounts on one or more Addition Dates.

      (b) Each Seller shall be permitted to convey to the Buyer the Receivables
and all Collateral Security, if any, related thereto in any Additional Accounts
designated by such Seller as such pursuant to Section 2.4(a) only upon
satisfaction of each of the following conditions on or prior to the related
Addition Date (except for the condition in clause (vii), if applicable, which
shall be satisfied on or before the tenth Business Day after such Notice Date):

            (i) Such Seller shall provide the Buyer and any Enhancement
      Providers with a timely Addition Notice.

            (ii) Such Additional Accounts shall all be Eligible Accounts.

                                      -8-
<PAGE>

            (iii) Such Seller shall have delivered to the Buyer a duly executed
      written assignment (including an acceptance by the Buyer) covering the
      Receivables specified in the Addition Notice in substantially the form of
      Exhibit A modified, if applicable, to reflect contributions to (and by)
      the general partner of the Buyer (the "Assignment") and the computer file
      or microfiche or written list required to be delivered pursuant to Section
      2.1.

            (iv) Such Seller shall have delivered to the Buyer for deposit in
      the Collection Account all Collections with respect to such Additional
      Accounts since the Additional Cut- Off Date.

            (v) (A) No selection procedures believed by such Seller to be
      adverse to the interests of the Buyer or the Beneficiaries were used in
      selecting such Additional Accounts; (B) the list of Additional Accounts
      delivered pursuant to clause (iii) above is true and correct in all
      material respects as of the Additional Cut-Off Date and (C) as of each of
      the Notice Date and the Addition Date, neither such Seller, the Buyer nor
      the servicer are insolvent nor will have been made insolvent by such
      transfer nor are aware of any pending insolvency.

            (vi) If the Automatic Addition Condition is not satisfied with
      respect to such addition, the Rating Agency Condition shall have been
      satisfied with respect to such addition.

            (vii) If (A) one or more of the Additional Accounts specified in
      such Addition Notice will contain Receivables secured by a security
      interest in a type of Product that has not been previously financed in the
      Floorplan Business or (B) one or more of the Additional Accounts is
      supported by a Floorplan Agreement with a Manufacturer that, as of the
      related Addition Date, is not an Existing Manufacturer, then, whether or
      not the Automatic Condition is satisfied, the Rating Agency Condition
      shall have been satisfied in respect of the addition of each Additional
      Account specified in clauses (A) and (B) on or prior to the related
      Addition Date.

            (viii) The addition of the Receivables arising in such Additional
      Accounts shall not result in the occurrence of an Early Amortization
      Event.

            (ix) Such Seller shall have delivered to the Buyer and any
      Enhancement Providers a certificate of a Vice President or more senior
      officer confirming the items set forth in paragraphs (ii) through (vi) and
      (viii) above.

            (x) Such Seller shall have delivered to the Trustee and any
      Enhancement Providers (A) an Opinion of Counsel with respect to the
      Receivables in the Additional Accounts added since the last delivery of
      such opinion substantially in the form of Exhibit G-2 to the Pooling and
      Servicing Agreement and (B) except in the case of an addition in
      connection with an addition of Receivables by the Buyer to the Trust
      required by Section 2.5(a) of the Pooling and Servicing Agreement, a Tax
      Opinion with respect to such addition; provided that if such

                                      -9-
<PAGE>

      Opinion of Counsel and Tax Opinion are required to be delivered, they
      shall be rendered by outside counsel no less frequently than quarterly.

      (c) Each Seller hereby represents and warrants as of the applicable
Addition Date as to the matters set forth in Section 2.4(b)(v). The
representations and warranties set forth in Section 2.4(b)(v) shall survive the
sale and assignment of the respective Receivables and Collateral Security, if
any, to the Buyer. Upon discovery by either Seller or the Buyer of a breach of
any of the foregoing representations and warranties, the party discovering the
breach shall give prompt written notice to the other parties and to any
Enhancement Providers.

      (d) Notwithstanding anything in this Section 2.4 to the contrary, the
additions of Additional Accounts pursuant to Section 2.5 on or prior to the
Closing Date for Series 1994-1 need not satisfy clause (i), (vi), (vii) or (x).

      Section 2.5. Covenants of the Sellers. Each Seller hereby covenants that:

            (a) No Liens. Except for the conveyances hereunder and the
      conveyance of Participation Interests pursuant to the terms of any
      Participation Agreements, such Seller will not sell, pledge, assign or
      transfer to any other Person, or grant, create, incur, assume or suffer to
      exist any Lien on, any Receivable or any Collateral Security, whether now
      existing or hereafter created, or any interest therein, and such Seller
      shall defend the right, title and interest of the Buyer and the Trust in,
      to and under the Receivables and the Collateral Security, whether now
      existing or hereafter created, against all claims of third parties
      claiming through or under such Seller.

            (b) Financing Agreements and Guidelines. Each Seller shall comply
      with and perform its servicing obligations with respect to the Accounts
      and Receivables in accordance with (i) the Wholesale Financing Agreements,
      Accounts Receivable Financing Agreements, Asset Based Lending Financing
      Agreements and Unsecured Receivable Financing Agreements relating to the
      Accounts and (ii) the Financing Guidelines, except insofar as any failure
      to so comply or perform would not materially and adversely affect the
      rights of the Buyer, the Trust or any of the Beneficiaries. Subject to
      compliance with all Requirements of Law, such Seller may change the terms
      and provisions of (i) the Wholesale Financing Agreements, Accounts
      Receivable Financing Agreements, Asset Based Lending Financing Agreements
      and Unsecured Receivable Financing Agreements or (ii) the Financing
      Guidelines in any respect (including the calculation of the amount or the
      timing of charge-offs and the rate of the finance charge assessed thereon)
      only if such change would be permitted pursuant to Section 3.1(d) of the
      Pooling and Servicing Agreement.

            (c) Account Allocations. In the event that such Seller is unable for
      any reason to transfer Receivables to the Buyer, then such Seller agrees
      that it shall allocate, after the occurrence of such event, payments on
      each Account with respect to the principal balance of such Account first
      to the oldest principal balance of such Account and to have such payments
      applied as Collections in accordance with the terms of the Pooling and
      Servicing

                                      -10-
<PAGE>

      Agreement. The parties hereto agree that Non-Principal Receivables,
      whenever created, accrued in respect of Principal Receivables which have
      been conveyed to the Buyer and by the Buyer to the Trust shall continue to
      be a part of the Trust notwithstanding any cessation of the transfer of
      additional Principal Receivables to the Buyer and Collections with respect
      thereto shall continue to be allocated and paid in accordance with Article
      IV of the Pooling and Servicing Agreement.

            (d) Delivery of Collections. In the event that such Seller receives
      Collections, such Seller agrees to pay the Servicer or any Successor
      Servicer all payments received by the Seller in respect of the Receivables
      as soon as practicable after receipt thereof by such Seller, but in no
      event later than two Business Days after the receipt by such Seller
      thereof.

            (e) Notice of Liens. Each Seller shall notify the Buyer and the
      Trustee promptly after becoming aware of any Lien on any Receivable
      conveyed by such Seller other that the conveyances hereunder or under the
      Pooling and Servicing Agreement.

            (f) Compliance with Law. Each Seller hereby agrees to comply in all
      material respects with all Requirements of Law applicable to such Seller.

            (g) Concentration of Risk. In order to avoid a concentration of the
      risks associated with participating its extensions of credit to Dealers,
      each Seller may create Participation Interests in its receivables to be
      sold or contributed to the Buyer in the same manner and using the same
      standards as such Seller does in creating participation interests in
      receivables to be retained by such Seller.

            (h) Limitation on Creation of Participation Interests. Such Seller
      shall not create Participation Interests in its receivables to the extent
      that the creation of such Participation Interests would, at the time of
      such creation, cause the Pool Balance to be less than the Required
      Participation Amount.

            (i) Performance of Floorplan Agreements. Such Seller shall perform
      its obligations under each Floorplan Agreement in accordance with the
      terms thereof in all material respects.

      Section 2.6. Removal of Eligible Accounts. (a) On each Determination Date
on which Accounts, including all amounts then held by the Trust or thereafter
received by the Trust with respect to such Accounts, are removed from the Trust
pursuant to Section 2.7 of the Pooling and Servicing Agreement, the Buyer shall
be deemed to have offered to the applicable Seller automatically and without
notice to or action by or on behalf of the Buyer, the right to remove Eligible
Accounts from the operation of this Agreement in the manner prescribed in
Section 2.6(b), subject to Section 2.6(d). The termination of an Account by a
Dealer upon such Dealer's payment in full of such Account shall not be a removal
of an Account under this Section.

                                      -11-
<PAGE>

      (b) To accept such offer and remove Accounts, including all amounts then
held by the Trust or thereafter received by the Trust with respect to such
Accounts, the applicable Seller (or the Servicer on its behalf) shall take the
following actions and make the following determinations:

            (i) not less than five Business Days prior to the Removal Date,
      furnish to the Buyer, the Trustee, any Enhancement Providers and the
      Rating Agencies a written notice (the "Removal Notice") specifying the
      Determination Date (which may be the Determination Date on which such
      notice is given) on which removal of the Receivables of one or more
      Accounts (the "Removed Accounts") will occur (a "Removal Date");

            (ii) from and after such Removal Date, cease to transfer to the
      Buyer any and all Receivables arising in such Removed Accounts;

            (iii) represent and warrant that the removal of any such Eligible
      Account on any Removal Date shall not, in the reasonable belief of such
      Seller, cause an Early Amortization Event to occur or cause the Pool
      Balance to be less than the Required Participation Amount;

            (iv) represent and warrant that no selection procedures believed by
      such Seller to be adverse to the interests of the Beneficiaries were
      utilized in selecting the Accounts to be removed; and

            (v) on or before the fifth Business Day after the Removal Date,
      furnish to the Trustee a computer file, microfiche list or other list of
      the Removed Accounts that were removed on the Removal Date, specifying for
      each Removed Account as of the date of the Removal Notice its number, the
      aggregate amount outstanding in such Removed Account and the aggregate
      amount of Principal Receivables therein and represent that such computer
      file, microfiche list or other list of the Removed Accounts is true and
      complete in all material respects.

      (c) Subject to Section 2.6(b), on the Removal Date with respect to any
such Removed Account, such Removed Account shall be deemed removed by operation
of this Agreement for all purposes. After the Removal Date and upon the written
request of the Servicer, the Buyer, subject to Section 2.6(d), shall deliver to
the applicable Seller a reassignment in substantially the form of Exhibit C (the
"Reassignment").

      (d) Notwithstanding any other provision of this Agreement, the Buyer shall
have the right to consent or to decline to consent to any removal of Removed
Accounts (and the related Receivables) to a Seller pursuant to this Section 2.6.
If the Buyer declines to consent to any such removal of Removed Accounts (and
the related Receivables) to a Seller, the Buyer shall provide notice thereof to
the Rating Agencies.

      Section 2.7. Removal of Ineligible Accounts. (a) On any date on which an
Account becomes an Ineligible Account (which shall be deemed the Removal
Commencement Date with

                                      -12-
<PAGE>

respect to such Account), the applicable Seller shall commence removal of such
Ineligible Account in the manner prescribed in Section 2.7(b).

      (b) With respect to each Account that becomes an Ineligible Account, the
applicable Seller (or the Servicer on its behalf) shall take the following
actions and make the following determinations:

            (i) furnish to the Buyer, the Trustee and any Enhancement Providers
      a Removal Notice specifying a Removal Commencement Date and the Ineligible
      Accounts to be treated as Designated Accounts;

            (ii) determine on the Removal Commencement Date with respect to such
      Designated Accounts the Designated Balance with respect to each such
      Designated Account and amend Schedule 1 by delivering to the Buyer a
      computer file or microfiche or written list containing a true and complete
      list of the Removed Accounts specifying for each such Account, as of the
      Removal Commencement Date, its account number, the aggregate amount of
      Receivables outstanding in such Account and the Designated Balance;

            (iii) from and after such Removal Commencement Date, cease to
      transfer to the Buyer any and all Receivables arising in such Designated
      Accounts;

            (iv) if such Account was an Ineligible Account at the time it was
      originally designated as an Account, from and after such Removal
      Commencement Date, allocate Collections of Principal Receivables in
      respect of each Designated Account, first to the oldest outstanding
      principal balance of such Designated Account, until the Removal Date with
      respect thereto; and

            (v) if such Account was an Ineligible Account at the time it was
      originally designated as an Account, on each Business Day from and after
      such Removal Commencement Date to and until the related Removal Date,
      allocate (A) to the Buyer Defaulted Receivables and Collections of
      Non-Principal Receivables and Collections of Non-Principal Receivables in
      respect of each Designated Account, based on the ratio of the aggregate
      amount of Principal Receivables in all Designated Accounts sold to the
      Buyer on such Business Day to the total aggregate amount of Principal
      Receivables in all such Designated Accounts on such Business Day and (B)
      to such Seller, the remainder of the Defaulted Receivables and Collections
      of Non-Principal Receivables in all such Designated Accounts on such
      Business Day.

      (c) On the Removal Date with respect to any such Designated Account, such
Seller shall cease to allocate any Collections therefor in accordance herewith
and such Designated Account shall be deemed a Removed Account. After the Removal
Date and upon the written request of the Servicer, the Buyer shall deliver to
such Seller a Reassignment; provided, however, that notwithstanding any other
provision of this Agreement, unless such Account was an Ineligible Account at
the time it was originally designated as an Account, the Reassignment shall
reassign only

                                      -13-
<PAGE>

the Account and shall not reassign any Receivable existing in such Account as of
the related Removal Date.

      Section 2.8. Sale of Ineligible Receivables. Each Seller shall sell to the
Buyer on each Transfer Date any and all Receivables arising in any Eligible
Accounts that are Ineligible Receivables, provided that on the Cut-Off Date or,
in the case of Receivables arising in Additional Accounts, on the related
Additional Cut-Off Date, and on the applicable Transfer Date, the Account in
which such Receivables arise is an Eligible Account.

                                   ARTICLE III

                   Administration and Servicing of Receivables

      Section 3.1. Acceptance of Appointment and Other Matters Relating to the
Servicer. (a) DFS agrees to act as the Servicer under this Agreement and the
Pooling and Servicing Agreement, and the Buyer consents to DFS acting as
Servicer. DFS will have ultimate responsibility for servicing, managing and
making collections on the Receivables and will have the authority to make any
management decisions relating to such Receivables, to the extent such authority
is granted to the Servicer under this Agreement and the Pooling and Servicing
Agreement.

      (b) DFS shall service and administer the Receivables in accordance with
the revisions of the Pooling and Servicing Agreement.

      Section 3.2. Servicing Compensation. As full compensation for its
servicing activities hereunder and under the Pooling and Servicing Agreement,
DFS shall be entitled to receive the Servicing Fee on each Distribution Date so
long as it is the Servicer under the Pooling and Servicing Agreement. The
Servicing Fee shall be paid in accordance with the terms of the Pooling and
Servicing Agreement.

                                   ARTICLE IV

                        Rights of Certificateholders and
                    Allocation and Application of Collections

      Section 4.1. Allocations and Applications of Collections and Other Funds.
The Servicer will apply all Collections with respect to the Receivables and all
funds on deposit in the Collection Account as described in Article IV of the
Pooling and Servicing Agreement.

                                    ARTICLE V

                      Other Matters Relating to the Sellers

                                      -14-
<PAGE>

      Section 5.1. Merger or Consolidation of, or Assumption of, the Obligations
of the Sellers. Neither Seller shall consolidate with or merge into any other
corporation or convey or transfer its properties and assets substantially as an
entirety to any Person, unless:

            (a) the corporation formed by such consolidation or into which such
      Seller is merged or the Person which acquires by conveyance or transfer
      the properties and assets of such Seller substantially as an entirety
      shall be a corporation organized and existing under the laws of the United
      States of America or any State or the District of Columbia and, if such
      Seller is not the surviving entity, such corporation shall assume, without
      the execution or filing of any paper or any further act on the part of any
      of the parties hereto, the performance of every covenant and obligation of
      such Seller hereunder; and

            (b) such Seller has delivered to the Buyer and the Trustee an
      Officers' Certificate and an Opinion of Counsel each stating that such
      consolidation, merger, conveyance or transfer comply with this Section 5.1
      and that all conditions precedent herein provided for relating to such
      transaction have been complied with.

      Section 5.2. Sellers' Indemnification of the Buyer. Each Seller shall
indemnify and hold harmless the Buyer, from and against any loss, liability,
expense, claim, damage or injury suffered or sustained by reason of any acts,
omissions or alleged acts or omissions arising out of activities of such Seller
pursuant to this Agreement arising out of or based on the arrangement created by
this Agreement and the activities of such Seller taken pursuant thereto,
including any judgment, award, settlement, reasonable attorneys' fees and other
costs or expenses incurred in connection with the defense of any actual or
threatened action, proceeding or claim; provided, however, that such Seller
shall not indemnify the Buyer if such acts, omissions or alleged acts or
omissions constitute fraud, gross negligence or wilful misconduct by the Buyer;
and provided further, that such Seller shall not indemnify the Buyer for any
liabilities, cost or expense of the Buyer with respect to any federal, state or
local income or franchise taxes (or any interest or penalties with respect
thereto) required to be paid by the Buyer in connection herewith to any taxing
authority. Any indemnification under this Article V shall survive the
termination of the Agreement.

                                   ARTICLE VI

                                   Termination

      This Agreement will terminate immediately after the Trust terminates
pursuant to the Pooling and Servicing Agreement. In addition, the Buyer shall
not purchase Receivables from a Seller nor shall a Seller designate Additional
Accounts if such Seller shall become an involuntary party to (or be made the
subject of) any proceeding provided for by any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar proceedings of or relating to
such Seller or relating to all or substantially all of its property (an
"Involuntary Case") and such Involuntary Case shall have continued for a period
of ten Business Days from and including the day of receipt by such Seller at its
principal corporate office of notice of such Involuntary Case; provided, that
during such

                                      -15-
<PAGE>

ten Business Day period, the Buyer shall suspend its purchase of Receivables and
shall hold all Collections of Principal Receivables that would have been
available to purchase Receivables in the Collection Account and (a) if by the
first Business Day after such ten Business Day period, the Buyer has not
obtained an order from the court having jurisdiction of such case or filing
which order approves the continuation of the sale of Receivables by such Seller
to the Buyer and which provides that the Buyer and any of its transferees
(including the Trustee) may rely on such order for the validity and nonavoidance
of such transfer (the "Order"), the Buyer shall hold such Collections in the
Collection Account until such time as they may be paid as elsewhere provided
herein and shall not purchase Receivables thereafter or designate Additional
Accounts for transfer to the Buyer, or (b) if by such first Business Day, the
Buyer has obtained such Order, such Seller may continue selling Receivables, and
the Buyer may continue purchasing Receivables, pursuant to the terms hereof, as
modified by the immediately succeeding sentence. During the period after the ten
Business Day period described above and before the end of the 60-day period
described below, the purchase price of the Receivables transferred during such
period, notwithstanding anything in this Agreement to the contrary, shall be
paid to such Seller by the Buyer in cash not later than the same Business Day of
any sale of Receivables. During such period, Receivables will be considered
transferred to the Buyer only to the extent that the purchase price therefor has
been paid in cash on the same Business Day. If an Order is obtained but
subsequently is reversed or rescinded or expires, such Seller shall immediately
cease selling Receivables to the Buyer and the Buyer shall immediately cease
buying Receivables. Each Seller shall give prompt written notice to each of the
Buyer and the Trustee immediately upon becoming a party to an Involuntary Case.
If by the first Business Day after the 60-day period after such involuntary
filing, such Involuntary Case has not been dismissed, the Buyer shall not
purchase thereafter Receivables or designated Additional Accounts for transfer
to the Issuer.

                                   ARTICLE VII

                            Miscellaneous Provisions

      Section 7.1. Amendment. (a) This Agreement may be amended from time to
time by the Sellers and the Buyer; provided, however, that such action shall
not, as evidenced by an Opinion of Counsel for the Sellers addressed and
delivered to the Trustee, adversely affect in any material respect the interests
of any Investor Certificateholder.

      (b) This Agreement may also be amended from time to time by the Buyer and
the Sellers with the consent of the Holders of Investor Certificates evidencing
more than 50% of the aggregate unpaid principal amount of the Investor
Certificates of all materially adversely affected Series, 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
Sellers; provided, however, that no such amendment shall (i) reduce in any
manner the amount of or delay the timing of any distributions to be made to
Investor Certificateholders or deposits of amounts to be so distributed with the
amount available under any Enhancement without the consent of each affected
Investor Certificateholder, (ii) change the definition of or the manner of
calculating the interest of

                                      -16-
<PAGE>

any Investor Certificateholders without the consent of each affected
Certificateholder, (iii) reduce the aforesaid percentage required to consent to
any such amendment without the consent of each Certificateholder or (iv)
adversely affect the rating of any Series or Class by any Rating Agency without
the consent of the Holders of all of the Investor Certificates of such Series or
Class. Any amendment to be effected pursuant to this paragraph shall be deemed
to materially adversely affect all outstanding Series, other than any Series
with respect to which such action shall not, as evidenced by an Opinion of
Counsel for the Sellers, addressed and delivered to the Trustee, adversely
affect in any material respect the interests of any Investor Certificateholder
of such Series. The Trustee may, but shall not be obligated to, enter into any
such amendment which affects the Trustee's rights, duties or immunities under
this Agreement or otherwise.

      (c) Promptly after the execution of any such amendment or consent (other
than an amendment pursuant to paragraph (a)), the Sellers shall furnish
notification of the substance of such amendment to each Investor
Certificateholder, each Enhancement Provider, each Agent and each Rating Agency.

      (d) It shall not be necessary for the consent of Investor
Certificateholders under this Section to approve the particular form of any
proposed amendment, 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 Investor Certificateholders shall be
subject to such reasonable requirements as the Trustee may prescribe.

      (e) Notwithstanding anything in this Section to the contrary, no amendment
may be made to this Agreement which would adversely affect in any material
respect the interests of any Enhancement Provider without the consent of such
Enhancement Provider.

      (f) Deutsche BSC ratifies and affirms, and shall be deemed to be a party
to, that certain amendment dated as of January 24, 1996 among DFS, the Buyer and
the Trustee.

      Section 7.2. Protection of Right, Title and Interest to Receivables. (a)
The Sellers shall cause this Agreement, all amendments hereto and/or all
financing statements and continuation statements and any other necessary
documents covering the Buyer's right, title and interest to the Receivables and
Collateral Security relating thereto to be promptly recorded, registered and
filed, and at all times to be kept recorded, registered and filed, all in such
manner and in such places as may be required by law fully to preserve and
protect the right, title and interest of the Buyer hereunder. Each Seller shall
deliver to the Buyer file-stamped copies of, or filing receipts for, any
document recorded, registered or filed as provided above, as soon as available
following such recording, registration or filing. The Buyer shall cooperate
fully with the Sellers in connection with the obligations set forth above and
will execute any and all documents reasonably required to fulfill the intent of
this Section 7.2(a).

      (b) Within 30 days after a Seller makes any change in its name, identity
or corporate structure which would make any financing statement or continuation
statement filed in accordance with Section 7.2(a) seriously misleading within
the meaning of Section 9-402(7) of the UCC as in

                                      -17-
<PAGE>

effect in the State of Missouri or the State of Georgia, as applicable, or such
other applicable jurisdiction, such Seller shall give the Buyer and any Agent
notice of any such change and shall file such financing statements or amendments
as may be necessary to continue the perfection of the Buyer's security interest
in the Receivables and the proceeds thereof.

      (c) Each Seller will give the Buyer prompt written notice of any
relocation of any office at which it keeps Records concerning the Receivables or
of its principal executive office if, as a result of such relocation, the
applicable provisions of the UCC would require the filing of any amendment of
any previously filed financing or continuation statement or of any new financing
statement and shall file such financing statements or amendments as may be
necessary to perfect or to continue the perfection of the Buyer's security
interest in the Receivables and the proceeds thereof. Each Seller will at all
times maintain its principal executive offices within the United States of
America.

      (d) Each Seller will deliver to the Buyer upon the execution and delivery
of each amendment of this Agreement, an Opinion of Counsel to the effect
specified in Exhibit B.

      Section 7.3. Limited Recourse. Notwithstanding anything to the contrary
contained herein, the obligations of the Buyer hereunder shall not be recourse
to the Buyer (or any person or organization acting on behalf of the Buyer or any
affiliate, Officer or director of the Buyer), other than to (a) the portion of
the Seller's Interest on any date of determination which is in excess of the
Required Participation Amount and (b) any other assets of the Buyer not pledged
to third parties or otherwise encumbered in a manner permitted by the Buyer's
Partnership Agreement; provided, however, that any payment by the Buyer made in
accordance with this Section 7.3 shall be made only after payment in full of any
amounts that the Buyer is obligated to deposit in the Collection Account
pursuant to this Agreement; provided further that the Investor
Certificateholders shall be entitled to the benefits of the subordination of the
Collections allocable to the Seller's Interest to the extent provided in the
Supplements.

      Section 7.4. No Petition. Each Seller hereby covenants and agrees that it
will not at any time institute against the Buyer or Deutsche FRI any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States Federal or state bankruptcy or similar law.

      SECTION 7.5. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 7.6. Notices. All demands, notices and communications hereunder
shall be in writing and shall be deemed to have been duly given if personally
delivered at or mailed by registered mail, return receipt requested, to the
parties at such addresses specified in the Pooling and

                                      -18-
<PAGE>

Servicing Agreement or, in the case of notices to Deutsche BSC, to the following
address: 655 Maryville Centre Drive, St. Louis, Missouri 63141, Attention:
Secretary.

      Section 7.7. Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall for any
reason whatsoever be held invalid, then such covenants, agreements, provisions
or terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement or of the Certificates
or rights of the Certificateholders.

      Section 7.8. Assignment. Notwithstanding anything to the contrary
contained herein, this Agreement may not be assigned by either Seller without
the prior consent of the Buyer and the Trustee. The Buyer may assign its rights,
remedies, powers and privileges under this Agreement to the Trust pursuant to
the Pooling and Servicing Agreement.

      Section 7.9. Further Assurances. Each Seller agrees to do and perform,
from time to time, any and all acts and to execute any and all further
instruments required or reasonably requested by the Buyer more fully to effect
the purposes of this Agreement, including the execution of any financing
statements or continuation statements relating to the Receivables for filing
under the provisions of the UCC of any applicable jurisdiction.

      Section 7.10. No Waiver; Cumulative Remedies. No failure to exercise and
no delay in exercising, on the part of the Buyer, any right, remedy, power or
privilege under this Agreement shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, remedy, power or privilege under this
Agreement preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and
privileges herein provided are cumulative and not exhaustive of any rights,
remedies, powers and privileges provided by law.

      Section 7.11. Counterparts. This Agreement may be executed in two or more
counterparts (and by different parties on separate counterparts), each of which
shall be an original, but all of which together shall constitute one and the
same instrument.

      Section 7.12. Third-Party Beneficiaries. This Agreement will inure to the
benefit of and be binding upon the parties hereto, the Certificateholders, the
Trustee and the other Beneficiaries and their respective successors and
permitted assigns. Except as otherwise provided in this Agreement, no other
Person will have any right or obligation hereunder.

      Section 7.13. Merger and Integration. Except as specifically stated
otherwise herein, this Agreement sets 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. This Agreement may not be
modified, amended, waived, or supplemented except as provided herein.

                                      -19-
<PAGE>

      Section 7.14. Headings. The headings herein are for purposes of reference
only and shall not otherwise affect the meaning or interpretation of any
provision hereof.

      Section 7.15. Continued Effectiveness of the Receivables Contribution and
Sale Agreement. As amended and restated hereby, the Receivables Contribution and
Sale Agreement shall continue to be in full force and effect and is hereby
ratified and confirmed in all respects.

      Section 7.16. Submission to Jurisdiction. Each of the parties hereto
hereby irrevocably and unconditionally: (a) submits for itself and its property
in any legal action or proceeding relating to this Agreement, the Assignments,
the Reassignments or the other documents executed and delivered in connection
herewith or for recognition and enforcement of any judgment in respect thereof,
to the non-exclusive general jurisdiction of the courts of the State of New
York, the courts of the United States of America for the Southern District of
New York, and appellate courts from any thereof;

      (b) consents that any such action or proceeding may be brought in such
courts and waives any objection that it may now or hereafter have to the venue
of such action or proceeding in any such court or that such action or proceeding
was brought in an inconvenient court and agrees not to plead or claim the same;

      (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Person at its
address determined in accordance with Section 7.6; and

      (d) agrees that nothing herein shall affect the right to effect service of
process in any other manner permitted by law or shall limit the right to sue in
any other jurisdiction.

                                      -20-
<PAGE>

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

                                        DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                            Buyer

                                        By: DEUTSCHE FLOORPLAN RECEIVABLES,
                                            INC., its general partner

                                        By: ____________________________________
                                              Name: ____________________________
                                              Title: ___________________________

                                        By: ____________________________________
                                              Name: ____________________________
                                              Title: ___________________________

                                        DEUTSCHE FINANCIAL SERVICES
                                            CORPORATION, Seller

                                        By: ____________________________________
                                              Name: ____________________________
                                              Title: ___________________________

                                        By: ____________________________________
                                              Name: ____________________________
                                              Title: ___________________________

                                        DEUTSCHE BUSINESS SERVICES
                                            CORPORATION, Seller

                                        By: ____________________________________
                                              Name: ____________________________
                                              Title: ___________________________

                                      -21-
<PAGE>

                                        By: ____________________________________
                                              Name: ____________________________
                                              Title: ___________________________

                                      -22-
<PAGE>

                                                                       EXHIBIT A
                                                                         TO RCSA

            FORM OF ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS

                           (As required by Section 2.4
               of the Receivables Contribution and Sale Agreement)

      ASSIGNMENT No.   OF RECEIVABLES IN ADDITIONAL ACCOUNTS dated as of
          , (this "Assignment"), between Deutsche Floorplan Receivables, L.P.,
as buyer (the "Buyer"), and [Deutsche Financial Services Corporation], [Deutsche
Business Services Corporation] as seller [contributor] (the "Seller"), pursuant
to the Receivables Contribution and Sale Agreement referred to below.

                               W I T N E S E T H:

      WHEREAS DFS, Deutsche BSC and the Buyer are parties to a Receivables
Contribution and Sale Agreement dated as of December 1, 1993, amended and
restated as of March 1, 1994, amended as of January 24, 1996 and amended and
restated as of October 1, 1996 (as amended or supplemented, the "Receivables
Contribution and Sale Agreement");

      WHEREAS, pursuant to the Receivables Contribution and Sale Agreement, the
Seller wishes to designate Additional Accounts to be included as Accounts and to
convey the Receivables and related Collateral Security of such Additional
Accounts, whether now existing or hereafter created, to the Buyer as part of the
corpus of the Trust (as each such term is defined in the Receivables
Contribution and Sale Agreement); and

      WHEREAS the Buyer is willing to accept such designation and conveyance
subject to the terms and conditions hereof;

      NOW, THEREFORE, the Seller and the Buyer hereby agree as follows:

      1. Defined Terms. All capitalized terms used herein (including in the
recitals hereto) shall have the meanings ascribed to them in the Receivables
Contribution and Sale Agreement unless otherwise defined herein.

            "Addition Date" shall mean, with respect to the Additional Accounts
designated hereby, ___________, 19___.

      2. Designation of Additional Accounts. The Seller hereby delivers herewith
a computer file or microfiche or written list containing a true and complete
list of all such Additional Accounts specifying for each such Account, as of the
Additional Cut-Off Date, its account number, the

                                      A-1
<PAGE>

aggregate amount of Receivables outstanding in such Account and the aggregate
amount of Principal Receivables in such Account. Such file or list shall, as of
the date of this Assignment, supplement Schedule 1 to the Receivables
Contribution and Sale Agreement.

      3. Conveyance of Receivables. (a) The Seller does hereby [sell]
[contribute], transfer, assign, set over and otherwise convey, without recourse
(except as expressly provided in the Receivables Contribution and Sale
Agreement), to the Buyer, on the Addition Date all of its right, title and
interest in, to and under the Receivables in such Additional Accounts, all
Collateral Security and the related Floorplan Rights with respect thereto, owned
by the Seller and existing at the close of business on the Additional Cut-Off
Date and thereafter created from time to time, all monies due or to become due
and all amounts received with respect thereto and all proceeds (including
"proceeds" as defined in Section 9-306 of the UCC as in effect in the [State of
Missouri] [State of Georgia] and Recoveries) thereof. The foregoing [sale]
[contribution], transfer, assignment, set-over and conveyance does not
constitute and is not intended to result in the creation or an assumption by the
Buyer of any obligation of the Servicer, the Seller or any other Person in
connection with the Accounts, the Receivables or under any agreement or
instrument relating thereto, including any obligation under the Financing
Agreement, Floorplan Agreement and any Participation Agreement, including any
other obligation to any Dealer or Manufacturer.

      (b) In connection with such [sale] [contribution], the Seller agrees to
record and file, at its own expense, a financing statement on form UCC-1 (and
continuation statements when applicable) with respect to the Receivables now
existing and hereafter created for the sale of chattel paper, accounts and
general intangibles (as defined in Section 9-105 or 9-106 of the UCC as in
effect in any state where the Seller's or the Servicer's chief executive offices
or books and records relating to the Receivables are located) meeting the
requirements of applicable state law in such manner and in such jurisdictions as
are necessary to perfect the sale and assignment of the Receivables and the
Collateral Security to the Buyer, and to deliver a file-stamped copy of such
financing statements or other evidence of such filing to the Buyer on or prior
to the Addition Date to the extent, if any, that the UCC-1 financing statements
filed pursuant to Section 2.1 of the Receivables Contribution and Sale Agreement
are not sufficient for such purpose. In addition, the Seller shall cause to be
timely filed in the appropriate filing office any UCC-1 financing statement and
continuation statement necessary to perfect any sale of Receivables to the
Seller. The Buyer shall be under no obligation whatsoever to file such financing
statement, or a continuation statement to such financing statement, or to make
any other filing under the UCC in connection with such [sale] [contribution].
The parties hereto intend that the [sales] [contributions] of Receivables
effected by this Agreement be [sales] [true contributions].

      (c) In connection with such [sale] [contribution], the Seller further
agrees, at its own expense, on or prior to the Addition Date, to indicate in its
books and records, which may include its computer files, that the Receivables
created in connection with the Additional Accounts designated hereby have been
sold and the Collateral Security assigned to the Buyer pursuant to this
Assignment and sold to the Trust pursuant to the Pooling and Servicing Agreement
for the benefit of the Certificateholders and the other Beneficiaries.

                                      A-2
<PAGE>

      4. Acceptance by Buyer. Subject to the satisfaction of the conditions set
forth in Section 6 of this Assignment, the Buyer hereby acknowledges its
acceptance of all right, title and interest to the property, now existing and
hereafter created, conveyed to the Buyer pursuant to Section 3(a) of this
Assignment. The Buyer further acknowledges that, prior to or simultaneously with
the execution and delivery of this Assignment, the Seller delivered to the Buyer
the computer file or microfiche or written list relating to the Additional
Accounts described in Section 2 of this Assignment.

      5. Representations and Warranties of the Seller. The Seller hereby
represents and warrants to the Buyer, on behalf of the Trust, as of the date of
this Assignment and as of the Addition Date that:

            (a) Legal, Valid and Binding Obligation. This Assignment constitutes
      a legal, valid and binding obligation of the Seller, enforceable against
      the Seller in accordance with its terms, except as such enforceability may
      be limited by applicable bankruptcy, insolvency, reorganization,
      moratorium or other similar laws now or hereafter in effect affecting
      creditors, rights in general and except as such enforceability may be
      limited by general principles of equity (whether considered in a suit at
      law or in equity);

            (b) Organization and Good Standing. The Seller is a corporation duly
      organized and validly existing and in good standing under the law of the
      State of its incorporation and has, in all material respects, full
      corporate power, authority and legal right to own its properties and
      conduct its business as such properties are presently owned and such
      business is presently conducted, and to execute, deliver and perform its
      obligations under this Assignment;

            (c) Due Qualification. The Seller is duly qualified to do business
      and, where necessary, is in good standing as a foreign corporation (or is
      exempt from such requirement) and has obtained all necessary licenses and
      approvals in each jurisdiction in which the conduct of its business
      requires such qualification except where the failure to so qualify or
      obtain licenses or approvals would not have a material adverse effect on
      its ability to perform its obligations hereunder;

            (d) Eligible Accounts. Each Additional Account designated hereby is
      an Eligible Account;

            (e) Selection Procedures. No selection procedures believed by the
      Seller to be adverse to the interests of the Beneficiaries were utilized
      in selecting the Additional Accounts designated hereby;

            (f) Insolvency. As of the Notice Date and the Addition Date, the
      Seller is not insolvent nor, after giving effect to the conveyance set
      forth in Section 3 of this Assignment, will it have been made insolvent,
      nor is it aware of any pending insolvency;

                                      A-3
<PAGE>

            (g) Valid Transfer. This Assignment constitutes a valid [sale]
      [contribution], transfer and assignment to the Buyer of all right, title
      and interest of the Seller in the Receivables and the Collateral Security
      and the proceeds thereof and upon the filing of the financing statements
      described in Section 3 of this Assignment with the Secretary of State of
      the State of [Missouri] [and other applicable states and counties] and, in
      the case of the Receivables [and the Collateral Security] hereafter
      created and the proceeds thereof, upon the creation thereof, the Buyer
      shall have a first priority perfected ownership interest in such property,
      except for Liens permitted under Section 2.6(a) of the Receivables
      Contribution and Sale Agreement;

            (h) Due Authorization. The execution and delivery of this Assignment
      and the consummation of the transactions provided for or contemplated by
      this Assignment have been duly authorized by the Seller by all necessary
      corporation action on the part of the Seller;

            (i) No Conflict. The execution and delivery of this Assignment, the
      performance of the transactions contemplated by this Assignment and the
      fulfillment of the terms hereof, will not conflict with, result in any
      breach of any of the material terms and provisions of, or constitute (with
      or without notice or lapse of time or both) a material default under, any
      indenture, contract, agreement, mortgage, deed of trust, or other
      instrument to which the Seller is a party or by which it or its properties
      are bound;

            (j) No Violation. The execution and delivery of this Assignment by
      the Seller, the performance of the transactions contemplated by this
      Assignment and the fulfillment of the terms hereof will not conflict with
      or violate any material Requirements of Law applicable to the Seller;

            (k) No Proceedings. There are no proceedings or, to the best
      knowledge of the Seller, investigations pending or threatened against the
      Seller before any Governmental Authority (i) asserting the invalidity of
      this Assignment, (ii) seeking to prevent the consummation of any of the
      transactions contemplated by this Assignment, (iii) seeking any
      determination or ruling that, in the reasonable judgment of the Seller,
      would materially and adversely affect the performance by the Seller of its
      obligations under this Assignment, (iv) seeking any determination or
      ruling that would materially and adversely affect the validity or
      enforceability of this Assignment or (v) seeking to affect adversely the
      income tax attributes of the Trust under the United States federal or any
      State income, single business or franchise tax systems;

            (l) Record of Accounts. As of the Addition Date, Schedule 1 to this
      Assignment is an accurate and complete listing in all material respects of
      all the Additional Accounts as of the Additional Cut-Off Date and the
      information contained therein with respect to the identity of such
      Accounts and the Receivables existing thereunder is true and correct in
      all material respects as of the Additional Cut-Off Date;

                                      A-4
<PAGE>

            (m) No Liens. Each Receivable and all Collateral Security existing
      on the Addition Date has been conveyed to the Buyer free and clear of any
      Lien;

            (n) All Consents Required. With respect to each Receivable and all
      Collateral Security existing on the Addition Date, all consents, licenses,
      approvals or authorizations of or registrations or declarations with any
      Governmental Authority required to be obtained, effected or given by the
      Seller in connection with the conveyance of such Receivable or Collateral
      Security to the Buyer, the execution and delivery of this Assignment and
      the performance of the transactions contemplated hereby have been duly
      obtained, effected or given and are in full force and effect; and

            (o) Eligible Receivables. On the Additional Cut-Off Date each
      Receivable conveyed to the Buyer as of such date is an Eligible Receivable
      or, if such Receivable is not an Eligible Receivable, such Receivable is
      conveyed to the Buyer in accordance with Section 2.8 of the Receivables
      Contribution and Sale Agreement.

      6. Conditions Precedent. The acceptance of the Buyer set forth in Section
4 of this Assignment is subject to the satisfaction, on or prior to the Addition
Date, of the following conditions precedent:

            (a) Representations and Warranties. Each of the representations and
      warranties made by the Seller in Section 5 of this Assignment shall be
      true and correct as of the date of this Assignment and as of the Addition
      Date;

            (b) Agreement. Each of the conditions set forth in Section 2.4(b) of
      the Receivables Contribution and Sale Agreement applicable to the
      designation of the Additional Accounts to be designated hereby shall have
      been satisfied; and

            (c) Addition Information. The Seller shall have delivered to the
      Buyer such information as was reasonably requested by the Buyer to satisfy
      itself as to the accuracy of the representation and warranty set forth in
      Section 5(d) of this Assignment.

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

      8. Counterparts. This Assignment may be executed in two or more
counterparts (and by different parties in separate counterparts), each of which
shall be an original but all of which together shall constitute one and the same
instrument.

      9. GOVERNING LAW. THIS ASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND

                                      A-5
<PAGE>

REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.

                                      A-6
<PAGE>

      IN WITNESS WHEREOF, the Seller and the Buyer have caused this Assignment
to be duly executed and delivered by their respective duly authorized officers
as of the day and the year first above written.

                                        DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                            Buyer

                                        By: DEUTSCHE FLOORPLAN RECEIVABLES,
                                            INC., its general partner

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        [DEUTSCHE FINANCIAL SERVICES
                                            CORPORATION], Seller

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        [DEUTSCHE BUSINESS SERVICES
                                            CORPORATION], Seller

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        By: ____________________________________

                                      A-7
<PAGE>

                                              Name:
                                              Title:

                                      A-8
<PAGE>

                                                                       EXHIBIT B
                                                                         TO RCSA

                           FORM OF OPINION OF COUNSEL

                        (As required by Section 7.2(d) of
                the Receivables Contribution and Sale Agreement)

      (a) The Amendment to the Receivables Contribution and Sale Agreement,
attached hereto as Schedule 1 (the "Amendment"), has been duly authorized,
executed and delivered by each Seller and constitutes the legal, valid and
binding agreement of each Seller, enforceable in accordance with its terms
except as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditors'
rights generally from time to time in effect. The enforceability of each
Seller's obligations is also subject to general principles of equity (regardless
of whether such enforceability is considered in a proceeding in equity or at
law).

      (b) The Amendment has been entered into in accordance with the terms and
provisions of Section 7.1 of the Receivables Contribution and Sale Agreement.

      (c) The Amendment will not adversely affect in any material respect the
interests of the Investor Certificateholders. [Include this clause (iii) only in
the case of amendments effected pursuant to Section 7.1(a) of the Receivables
Contribution and Sale Agreement.]

                                      B-1
<PAGE>

                                                                       EXHIBIT C
                                                                         TO RCSA

             FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS
                 (As required by Section 2.6 of the Receivables
               Contribution and Sale Agreement referred to below)

                  REASSIGNMENT NO. __ OF RECEIVABLES, dated as of __________,
                  ____, by and between DEUTSCHE FLOORPLAN RECEIVABLES, L.P., as
                  buyer (the "Buyer"), and DEUTSCHE FINANCIAL SERVICES
                  CORPORATION [or DEUTSCHE BUSINESS SERVICES CORPORATION), as
                  seller (the "Seller"), pursuant to the Receivables
                  Contribution and Sale Agreement referred to below.

                                   WITNESSETH

      WHEREAS the Seller and the Buyer are parties to the Receivables
Contribution and Sale Agreement dated as of December 1, 1993, amended and
restated as of March 1, 1994, amended as of January 24, 1996 and amended and
restated as of October 1, 1996 (as amended or supplemented, the "Receivables
Contribution and Sale Agreement");

      WHEREAS, pursuant to the Receivables Contribution and Sale Agreement, the
Seller wishes to remove all Receivables from certain Accounts, the Collateral
Security thereof and the related Floorplan Rights (the "Removed Accounts") and
to cause the Buyer to reconvey the Receivables of such Removed Accounts and such
Collateral Security and Floorplan Rights, whether now existing or hereafter
created, and all amounts currently held by the Buyer or thereafter received by
the Trust in respect of such Removed Accounts, from the Buyer to the Seller (as
each such term is defined in the Receivables Contribution and Sale Agreement);
and

      WHEREAS the Buyer is willing to accept such removal and to reconvey the
Receivables in the Removed Accounts, such Collateral Security and any related
amounts held or received by the Trust subject to the terms and conditions
hereof.

      NOW, THEREFORE, the Seller and the Buyer hereby agree as follows:

      1. Defined Terms. All terms defined in the Agreement and used herein shall
have such defined meanings when used herein, unless otherwise defined herein.

            "Removal Date" shall mean, with respect to the Removed Accounts
      designated hereby, ________________.

      2. Notice of Removed Accounts. The Seller shall deliver to the Buyer, the
Trustee, any Enhancement Providers and the Rating Agencies a computer file or
microfiche or written list

                                      C-1
<PAGE>

containing a true and complete list of the Removed Accounts specifying for each
such Account, as of the Removal Commencement Date, its account number, the
aggregate amount of Receivables outstanding in such Accounts and the Designated
Balance. Such list shall be marked as Schedule 1 to this Reassignment and shall
be incorporated into and made a part of this Reassignment as of the Removal Date
and shall amend Schedule 1 to the Receivables Contribution and Sale Agreement.

      3. Conveyance of Receivables and Accounts. (a) The Buyer does hereby
transfer, assign, set over and otherwise convey to the Seller, without recourse,
representation or warranty on and after the Removal Date, all right, title and
interest of the Trust in, to and under all [Receivables now existing at the
close of business on the Removal Date and thereafter created from time to time
until the termination of the Trust in Removed Accounts designated hereby, all
Collateral Security thereof, the related Floorplan Rights, all monies due or to
become due and all amounts received with respect thereto (including all
Non-Principal Receivables), all proceeds (as defined in Section 9-306 of the UCC
as in effect in the State of Missouri [Georgia] and Recoveries) thereof relating
thereto][in the case of Removed Accounts which are to be removed pursuant to
Section 2.7 of the Receivables Contribution and Sale Agreement and which were
not Ineligible Accounts at the time they were originally designated as Accounts,
replace the immediately preceding bracketed text with the following: the Removed
Accounts but not any right, title and interest of the Trust in, to and under (i)
any Receivables existing as of the Removal Date in Removed Accounts designated
hereby, (ii) all Collateral Security relating to such Receivables, (iii) the
related Floorplan Rights, (iv) all monies due or to become due and all amounts
received with respect to such Receivables (including all Non-Principal
Receivables), (v) all proceeds (as defined in Section 9-306 of the UCC as in
effect in the State of Missouri [Georgia] and Recoveries) thereof relating to
such Receivables, it being understood that the items described in clauses
(i)-(v) will continue to be Trust Assets] .

      (b) If requested by the Seller, in connection with such transfer, the
Buyer agrees to execute and deliver to the Seller, on or prior to the date of
this Reassignment, a termination statement with respect to the Receivables
existing at the close of business on the Removal Date and thereafter created
from time to time and Collateral Security thereof in the Removed Accounts
reassigned hereby (which may be a single termination statement with respect to
all such Receivables and Collateral Security) evidencing the release by the
Trust of its lien on the Receivables in the Removed Accounts and the Collateral
Security, and meeting the requirements of applicable state law, in such manner
and such jurisdictions as are necessary to remove such lien.

      4. Acceptance by Buyer. The Buyer hereby acknowledges that, prior to or
simultaneously with the execution and delivery of this Reassignment, the Seller
delivered to the Buyer the computer file or such microfiche or written list
described in Section 2(b) of this Reassignment.

      5. Representations and Warranties of the Seller. The Seller hereby
represents and warrants to the Buyer as of the date of this Reassignment and as
of the Removal Date:

            (a) Legal, Valid and Binding Obligation. This Reassignment
      constitutes a legal, valid and binding obligation of the Seller,
      enforceable against the Seller in accordance with

                                      C-2
<PAGE>

      its terms, except as such enforceability may be limited by applicable
      bankruptcy, insolvency, reorganization, moratorium or other similar laws
      now or hereafter in effect affecting the enforcement of creditors' rights
      generally and except as such enforceability may be limited by general
      principles of equity (whether considered in a suit at law or in equity);

            (b) No Early Amortization Event. The removal of the Accounts hereby
      removed shall not, in the reasonable belief of the Seller, cause an Early
      Amortization Event to occur or cause the Pool Balance to be less than the
      Required Participation Amount;

            (c) Selection Procedures. No selection procedures believed by the
      Seller to be adverse to the interests of the Beneficiaries were utilized
      in selecting the Accounts to be removed; and

            (d) True and Complete List. The list of Removed Accounts described
      in Section 2(b) of this Assignment is, as of the Removal Commencement
      Date, true and complete in all material respects.

provided, however, that in the event that the removal on such Removal Date
relates solely to Ineligible Accounts, the Seller shall be deemed to make only
the representations and warranties contained in paragraph 5(a) above.

      6. Condition Precedent. In addition to the conditions precedent set forth
in Section 2.6 of the Receivables Contribution and Sale Agreement, the
obligation of the Buyer to execute and deliver this Reassignment is subject to
the Seller having delivered on or prior to the Removal Date to the Trustee, the
Buyer, any Agent, and any Enhancement Providers an Officers' Certificate
certifying that (i) as of the Removal Date, all requirements set forth in
Section 2.6 of the Agreement for removing such Accounts and reconveying the
Receivables of such Removed Accounts, the Collateral Security and the related
Floorplan Rights, whether existing at the close of business on the Removal Date
or thereafter created from time to time until the termination of the Trust, have
been satisfied, and (ii) each of the representations and warranties made by the
Seller in Section 5 hereof is true and correct as of the date of this
Reassignment and as of the Removal Date. The Buyer may conclusively rely on such
officers' Certificate, shall have no duty to make inquiries with regard to the
matters set forth therein and shall incur no liability in so relying.

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

      8. Counterparts. This Reassignment may be executed in two or more
counterparts, and by different parties on separate counterparts, each of which
shall be an original, but all of which shall constitute one and the same
instrument.

                                      C-3
<PAGE>

      9. GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      IN WITNESS WHEREOF, the undersigned have caused this Reassignment to be
duly executed and delivered by their respective duly authorized officers on the
day and year first above written.

                                        DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                            Buyer

                                        By: DEUTSCHE FLOORPLAN RECEIVABLES,
                                            INC., its general partner

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        [DEUTSCHE FINANCIAL SERVICES
                                            CORPORATION], Seller

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        By: ____________________________________
                                              Name:
                                              Title:

                                      C-4
<PAGE>

                                        [DEUTSCHE BUSINESS SERVICES
                                            CORPORATION, Seller]

                                        By: ____________________________________
                                              Name:
                                              Title:

                                        By: ____________________________________
                                              Name:
                                              Title:

                                      C-5
<PAGE>

                                   Schedule 1

                                List of Accounts

                    [Provided separately to the Buyer and the
                 Trustee and deemed to be incorporated herein.]

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