Document:

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                                                                    EXHIBIT 10.3

                            OCAI TRANSFER AGREEMENT

                                    BETWEEN

                   ORIX CREDIT ALLIANCE, INC., AS ORIGINATOR

                                      AND

    ORIX CREDIT ALLIANCE RECEIVABLES 2000-B CORPORATION, AS TRUST DEPOSITOR

                          DATED AS OF AUGUST __, 2000

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                               TABLE OF CONTENTS

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                                         ARTICLE ONE DEFINITIONS

Section 1.01.  Definitions...............................................................................1
Section 1.02.  Usage of Terms............................................................................2
Section 1.03.  Section References........................................................................2
Section 1.04.  Calculations..............................................................................2
Section 1.05.  Accounting Terms..........................................................................2

                                  ARTICLE TWOTRANSFER OF CONTRACT ASSETS

Section 2.01.  Transfer of Contract Assets...............................................................2
Section 2.02.  Conditions to Transfer of Contract Assets to the Trust
                    Depositor............................................................................4
Section 2.03.  Acceptance by the Trust Depositor.........................................................6
Section 2.04.  Conveyance of Substitute Contracts........................................................6
Section 2.05.  Delivery of Instruments...................................................................7

                                ARTICLE THREEREPRESENTATIONS AND WARRANTIES

Section 3.01.  Representations and Warranties Regarding the Originator...................................8
Section 3.02.  Representations and Warranties Regarding Each Contract
                    and as to Certain Contracts in the Aggregate........................................12
Section 3.03.  Representations and Warranties Regarding the Initial Contracts
                    in the Aggregate....................................................................13
Section 3.04.  Representations and Warranties Regarding the Contract Files..............................13
Section 3.05.  Representations and Warranties Regarding Concentrations of
                    Initial Contracts...................................................................13
Section 3.06.  Representations and Warranties Regarding the Trust Depositor.............................14

                  ARTICLE FOURPERFECTION OF TRANSFER AND PROTECTION OF SECURITY INTERESTS

Section 4.01.  Custody of Contracts.....................................................................16
Section 4.02.  Filing...................................................................................16
Section 4.03.  Name Change or Relocation................................................................16
Section 4.04.  Chief Executive Office...................................................................17
Section 4.05.  Costs and Expenses.......................................................................17
Section 4.06.  Sale Treatment...........................................................................17
Section 4.07.  Separateness from Trust Depositor........................................................17
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                                 ARTICLE FIVECOVENANTS OF THE ORIGINATOR
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Section 5.01.  Corporate Existence......................................................................17
Section 5.02.  Contracts Not to Be Evidenced by Promissory Notes........................................18
Section 5.03.  Security Interests.......................................................................18
Section 5.04.  Compliance with Law......................................................................18
Section 5.05.  Liability of Originator; Indemnities.....................................................18
Section 5.06.  Limitation on Liability of Originator and Others.........................................19
Section 5.07.  Chief Executive Office...................................................................19

                             ARTICLE SIX REMEDIES UPON MISREPRESENTATION; REPURCHASE OPTION

Section 6.01.  Repurchases of, or Substitution for, Contracts for Breach of
                    Representations and Warranties......................................................19
Section 6.02.  Reassignment of Repurchased or Substituted Contracts.....................................20

                                    ARTICLE SEVENORIGINATOR INDEMNITIES

Section 7.01.  Originator's Indemnification.............................................................21
Section 7.02.  Liabilities to Obligors..................................................................21
Section 7.03.  Tax Indemnification......................................................................21
Section 7.04.  Adjustments..............................................................................22
Section 7.05.  Operation of Indemnities.................................................................23

                                         ARTICLE EIGHTMISCELLANEOUS

Section 8.01.  Amendment................................................................................23
Section 8.02.  Governing Law............................................................................24
Section 8.03.  Notices..................................................................................25
Section 8.04.  Severability of Provisions...............................................................27
Section 8.05.  Third Party Beneficiaries................................................................27
Section 8.06.  Counterparts.............................................................................27
Section 8.07.  Headings.................................................................................27
Section 8.08.  No Bankruptcy Petition; Disclaimer.......................................................27
Section 8.09.  Jurisdiction.............................................................................28
Section 8.10.  Prohibited Transactions with Respect to the Trust........................................28
Section 8.11.  Merger or Consolidation of Originator....................................................28
Section 8.12.  Assignment or Delegation by the Originator...............................................29
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                                   EXHIBITS

EXHIBIT A    Form of Assignment..............................................A-1

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             This OCAI TRANSFER AGREEMENT, dated as of August __, 2000, is
between ORIX CREDIT ALLIANCE, INC. (together with its successors and assigns,
"OCAI", and in its capacity as originator, together with its successor and
assigns, the "Originator") and ORIX CREDIT ALLIANCE RECEIVABLES 2000-B
CORPORATION (together with its successor and assigns, the "Trust Depositor")
(the "Agreement").

             WHEREAS, in the regular course of its business, the Originator
originates and purchases Contracts (as defined in the Transfer and Servicing
Agreement);

             WHEREAS, the Trust Depositor desires to acquire the Initial
Contracts from the Originator and may acquire from time to time thereafter
certain Substitute Contracts (such Initial Contracts and Substitute Contracts,
together with certain related property as more fully described in the Transfer
and Servicing Agreement, being the Contract Assets as defined herein);

             WHEREAS, it is a condition to the Trust Depositor's acquisition of
the Initial Contracts from the Originator that the Originator make certain
representations and warranties regarding the Contract Assets for the benefit of
the Trust Depositor;

             WHEREAS, the Trust Depositor is willing to purchase and accept
assignment of the Contract Assets from the Originator pursuant to the terms
hereof; and

             WHEREAS, on the Closing Date, the Trust Depositor will sell,
convey and assign all its right, title and interest in the Contract Assets to
ORIX Credit Alliance Receivables Trust 2000-B, a Delaware business trust (the
"Trust") pursuant to a Transfer and Servicing Agreement, dated as of the date
hereof (the "Transfer and Servicing Agreement") among the Originator, the Trust
Depositor, the Trust and The Bank of New York.

             NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, the parties hereto agree as follows:

                                  ARTICLE ONE

                                  DEFINITIONS

             SECTION 1.01. DEFINITIONS. Whenever capitalized terms are used but
not defined in this Agreement, such terms shall have the meanings attributed to
such terms in the Transfer and Servicing Agreement, unless the context
otherwise requires.

             SECTION 1.02. USAGE OF TERMS. With respect to all terms in this

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Agreement, the singular includes the plural and the plural the singular; words
importing any gender include the other genders; references to "writing" include
printing, typing, lithography and other means of reproducing words in a visible
form; references to agreements and other contractual instruments include all
amendments, modifications and supplements thereto or any changes therein
entered into in accordance with their respective terms and not prohibited by
this Agreement; references to Persons include their permitted successors and
assigns; and the term "including" means "including without limitation."

             SECTION 1.03. SECTION REFERENCES.  All section references, unless
otherwise indicated, shall be to Sections in this Agreement.

             SECTION 1.04. CALCULATIONS. Except as otherwise provided herein,
all interest rate and basis point calculations hereunder will be made on the
basis of a 360-day year and twelve 30-day months and will be carried out to at
least three decimal places.

             SECTION 1.05. ACCOUNTING TERMS.  All accounting terms used but not
specifically defined herein shall be construed in accordance with generally
accepted accounting principles in the United States.

                                  ARTICLE TWO

                          TRANSFER OF CONTRACT ASSETS

             SECTION 2.01. TRANSFER OF CONTRACT ASSETS.  (a)  The Originator
shall sell, assign and convey assets to the Trust Depositor pursuant to the
terms and provisions hereof.

             (b)    Subject to and upon the terms and conditions set forth
herein, the Originator hereby sells, transfers, assigns, sets over and
otherwise conveys to the Trust Depositor, for a purchase price of
$[____________] in cash, all the right, title and interest of the Originator in
and to (items (i) - (vi) below, being collectively referred to herein as the
"Contract Assets"):

                    (i)    the Initial Contracts, and all monies received in
      payment of such Contracts on and after the Initial Cutoff Date, any
      Prepayment Amounts, any payments in respect of a casualty or early
      termination, and any Recoveries received with respect thereto, but
      excluding any Excluded Amounts;

                    (ii)   the Equipment related to such Contracts, including
      the related security interest granted by the Obligor under such Contracts
      and all

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      proceeds from any sale or other disposition of such Equipment (but
      subject to the exclusion and release herein of Excluded Amounts) and
      Related Security;

                    (iii)  the Contract Files;

                    (iv)   all payments made or to be made in the future with
      respect to such Contracts or the Obligor thereunder under any Vendor
      Assignments and under any guarantee or similar credit enhancement with
      respect to such Contracts;

                    (v)    all Insurance Proceeds with respect to each such
      Contract; and

                    (vi)   all income from and proceeds of the foregoing.

In addition to the Contract Assets, the Originator hereby sells, transfers,
assigns, sets over and otherwise conveys to the Trust Depositor the
remittances, deposits and payments to be made by the Originator pursuant to the
Transfer and Servicing Agreement into the Trust Accounts from time to time,
amounts in the Trust Accounts from time to time (and any investments of such
amounts) and all proceeds and products of the foregoing, which together with
the Contract Assets will constitute the corpus of the Trust and are referred to
as the "Trust Assets".

             (c)    The Originator and the Trust Depositor acknowledge that the
representations and warranties of the Originator in Section 3.01, 3.02, 3.03,
3.04 and 3.05 will run to and be for the benefit of the Trust and the Trustees
and the Trust and the Trustees may enforce directly without joinder of the
Trust Depositor, the repurchase obligations of the Originator with respect to
breaches of such representations and warranties as set forth herein and in
Section 5.01.

             (d)    The sale, transfer, assignment, set-over and conveyance of
the Trust Assets by the Originator to the Trust Depositor pursuant to this
Agreement does not constitute and is not intended to result in a creation or an
assumption by the Trust Depositor of any obligation of the Originator in
connection with the Contract Assets, or any agreement or instrument relating
thereto, including, without limitation, any obligation to any Obligor or
End-User, if any, not financed by the Originator, or (1) any taxes, fees, or
other charges imposed by any Governmental Authority and (2) any insurance
premiums which remain owing with respect to any Contract at the time such
Contract is sold hereunder.

             (e)    The Originator and Trust Depositor intend and agree that
(i) the transfer of the Contract Assets and Trust Assets from the Originator to
the Trust Depositor and the transfer of the Contract Assets and the Trust
Assets from the Trust

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Depositor to the Trust are intended to be a sale, conveyance and transfer of
ownership of the Contract Assets and Trust Assets, as the case may be, rather
than the mere granting of a security interest to secure a borrowing and (ii)
such Contract Assets and Trust Assets shall not be part of the Originator's or
the Trust Depositor's estate in the event of a filing of a bankruptcy petition
or other action by or against such Person under any Insolvency Law. In the
event, however, that notwithstanding such intent and agreement, such transfers
are deemed to be of a mere security interest to secure indebtedness, the
Originator shall be deemed to have granted the Trust Depositor and the Trust
Depositor shall be deemed to have granted the Trust, as the case may be, a
perfected first priority security interest in such Contract Assets or Trust
Assets respectively and this Agreement shall constitute a security agreement
under applicable law, securing the repayment of the purchase price paid
hereunder and the obligations and/or interests represented by the Securities,
in the order and priorities, and subject to the other terms and conditions of,
this Agreement, the Transfer and Servicing Agreement, the Indenture and the
Trust Agreement, together with such other obligations or interests as may arise
hereunder and thereunder in favor of the parties hereto and thereto.

             If any such transfer of the Contract Assets is deemed to be the
mere granting of a security interest to secure a borrowing, the Trust Depositor
may, to secure the Trust Depositor's own borrowing under this Agreement (to the
extent that the transfer of the Contract Assets thereunder is deemed to be a
mere granting of a security interest to secure a borrowing) repledge and
reassign (1) all or a portion of the Contract Assets pledged to the Trust
Depositor by the Originator and with respect to which the Trust Depositor has
not released its security interest at the time of such pledge and assignment,
and (2) all proceeds thereof. Such repledge and reassignment may be made by the
Trust Depositor with or without a repledge and reassignment by the Trust
Depositor of its rights under any agreement with the Originator, and without
further notice to or acknowledgment from the Originator. The Originator waives,
to the extent permitted by applicable law, all claims, causes of action and
remedies, whether legal or equitable (including any right of setoff), against
the Trust Depositor or any assignee of the Trust Depositor relating to such
action by the Trust Depositor in connection with the transactions contemplated
by this Agreement.

             SECTION 2.02. CONDITIONS TO TRANSFER OF CONTRACT ASSETS TO THE
TRUST DEPOSITOR. On or before the Closing Date, the Originator shall deliver or
cause to be delivered to the Trust Depositor, the Owner Trustee and the
Indenture Trustee each of the documents, certificates and other items as
follows:

                    (i)    A certificate of an officer of the Originator
      substantially in the form of Exhibit C to the Transfer and Servicing
      Agreement;

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                    (ii)   Opinions of counsel for the Originator substantially
      in the form of Exhibits D and E to the Transfer and Servicing Agreement
      (and including as an addressee thereof each Rating Agency) which relate
      to the transfer of the Trust Assets from the Trust Depositor to the
      Trust;

                    (iii)  Copies of resolutions of the Board of Directors of
      the Originator or of the Executive Committee of the Board of Directors of
      the Originator approving the execution, delivery and performance of this
      Agreement and the transactions contemplated hereunder, certified in each
      case by the Secretary or an Assistant Secretary of the Originator;

                    (iv)   Officially certified recent evidence of due
      incorporation and good standing of the Originator under the laws of New
      York;

                    (v)    The initial List of Contracts, certified by the
      Chairman of the Board, President or any Vice President of the Originator,
      together with an Assignment substantially in the form of Exhibit A (along
      with the delivery of any instruments as required under Section 2.05
      below);

                    (vi)   A letter from Arthur Andersen LLP, or another
      nationally recognized accounting firm, addressed to the Originator and
      the Trust Depositor, stating that such firm has reviewed a sample of the
      Initial Contracts and performed specific procedures for such sample with
      respect to certain contract terms and which identifies those Initial
      Contracts which do not conform;

                    (vii)  Copies of resolutions of the Board of Directors of
      the Servicer or of the Executive Committee of the Board of Directors of
      the Servicer approving the execution, delivery and performance of this
      Agreement and the other Transaction Documents to which the Servicer is a
      party, as applicable, and the transactions contemplated hereunder and
      thereunder, certified in each case by the Secretary or an Assistant
      Secretary of the Servicer;

                    (viii) Evidence of proper filing with appropriate offices
      in the UCC Filing Locations in the State of New Jersey of UCC financing
      statements executed by the Originator, as debtor, naming the Trust
      Depositor as secured party (and the Owner Trustee as assignee) and
      identifying the Contract Assets as collateral;

                    (ix)   An Officer's Certificate listing the Servicer's
      Servicing Officers;

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                    (x)    Evidence of deposit in the Collection Account of all
      funds received with respect to the Initial Contracts after the Initial
      Cutoff Date to the date two days preceding the Closing Date, together
      with an Officer's Certificate from the Servicer to the effect that such
      amount is correct;

                    (xi)   A fully executed Trust Agreement;

                    (xii)  A fully executed Administration Agreement;

                    (xiii) An opinion of Sullivan & Cromwell to the effect that
      for federal income tax purposes, the Class A Notes, Class B Notes and
      Class C Notes will be characterized as debt and the Trust will not be
      characterized as an association (or publicly traded partnership) taxable
      as a corporation; and

                    (xiv)  An opinion of Riker, Danzig, Scherer, Hyland and
      Perretti to the effect that for New Jersey tax purposes, the Trust will
      be classified as a partnership and will not be subject to the New Jersey
      Corporation Income Tax or the New Jersey Corporation Business Tax.

             SECTION 2.03. ACCEPTANCE BY THE TRUST DEPOSITOR. On the Closing
Date, if the conditions set forth in Section 2.02 have been satisfied, the
Originator shall deliver, on behalf of the Trust Depositor, to the Trust the
Trust Assets and such delivery to and acceptance by the Trust shall be deemed
to be delivery to and acceptance by the Trust Depositor.

             SECTION 2.04. CONVEYANCE OF SUBSTITUTE CONTRACTS.

             (a)    Subject to Sections 2.01(d) and (e) and the satisfaction of
the conditions set forth in paragraph (c) of this Section 2.04, the Originator
may at its option (but shall not be obligated to) sell, transfer, assign, set
over and otherwise convey to the Trust Depositor (by delivery of an executed
Subsequent Purchase Agreement substantially in the form attached as Exhibit J
to the Transfer and Servicing Agreement), without recourse other than as
expressly provided herein and therein (and the Trust Depositor shall be
required to purchase through payment by exchange of one or more related
Contracts released by the Trust to the Trust Depositor on the Subsequent
Transfer Date), all the right, title and interest of the Originator in and to
(the property in clauses (i)-(vi) below, upon such transfer, becoming part of
the "Contract Assets"):

                    (i)    the Substitute Contracts identified in the related
      Addition Notice, and all monies received in payment of such Substitute
      Contracts on and after the related Subsequent Cutoff Dates, any
      Prepayment Amounts, any payments in respect of a casualty or early
      termination, and any Recoveries

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      received with respect thereto, but excluding any Excluded Amounts;

                    (ii)   the Equipment related to such Contracts, including
      the related security interest granted by the Obligor under such Contracts
      and all proceeds from any sale or other disposition of such Equipment
      (but subject to the exclusion and release herein of Excluded Amounts) and
      Related Security;

                    (iii)  the Contract Files;

                    (iv)   all payments made or to be made in the future with
      respect to such Contracts or the Obligor thereunder under any Vendor
      Assignments with the Originator and under any guarantee or similar credit
      enhancement with respect to such Contracts;

                    (v)    all Insurance Proceeds with respect to each such
      Contract; and

                    (vi)   all income from and proceeds of the foregoing.

             (b)    Subject to Sections 2.01(d) and (e) of this Agreement and
the conditions set forth in Section 2.04(c) of this Agreement, the Originator
shall sell, transfer, assign, set over and otherwise convey to the Trust
Depositor, without recourse other than as expressly provided in this Agreement
(i) all the right, title and interest of the Originator in and to the
Substitute Contracts purchased pursuant to Section 2.04(a) of this Agreement
and (ii) all other rights and property interests consisting of Contract Assets
related to such Substitute Contracts (the property in clauses (i)-(ii) above,
upon such transfer, becoming part of the "Trust Assets").

             (c)    The Originator shall transfer, on behalf of the Trust
Depositor, to the Trust the Substitute Contracts and the other property and
rights related thereto described in paragraphs (a) above, in the case of the
Originator, or (b), in the case of the Trust Depositor, only on the terms and
subject to the conditions set forth in Section 2.04(c) of the Transfer and
Servicing Agreement.

             SECTION 2.05. DELIVERY OF INSTRUMENTS. The Originator shall
deliver, on behalf of the Trust Depositor, possession of all "instruments"
(within the meaning of Article 9 of the UCC) not constituting part of "chattel
paper" (within the meaning of such Article 9), which evidence any Contract to
the Owner Trustee on behalf of the Trust Depositor on the Closing Date (or, if
applicable, on the relevant Subsequent Transfer Date), in each case endorsed in
blank without recourse. The Originator shall also identify on the List of
Contracts (including any deemed amendment thereof associated with any

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Substitute Contracts), whether by attached schedule or marking or other
effective identifying designation, all Contracts which are or are evidenced by
such instruments.

                                 ARTICLE THREE

                         REPRESENTATIONS AND WARRANTIES

             The Originator makes, and upon execution of each Subsequent
Purchase Agreement is deemed to make, the following representations and
warranties, on which the Trust Depositor will rely in conveying the Contract
Assets on the Closing Date (and on any Subsequent Transfer Date) to the Trust,
and on which the Trust, the Noteholders and Certificateholder will rely. The
Trust Depositor acknowledges that such representations and warranties are being
made by the Originator for the benefit of the Trust.

             Such representations and warranties speak as of the execution and
delivery of this Agreement and as of the Closing Date (or Subsequent Transfer
Date, as applicable), but shall survive the sale, transfer and assignment of
the Contract Assets to the Trust. The repurchase obligation or substitution
obligation of the Originator set forth in Section 6.01 constitutes the sole
remedy available for a breach of a representation or warranty of the Originator
set forth in Sections 3.01, 3.02, 3.03, 3.04 or 3.05 of this Agreement.
Notwithstanding the foregoing, the Originator shall not be deemed to be
remaking any of the representations set forth in Section 3.03 or 3.05 on a
Subsequent Transfer Date with respect to the Substitute Contracts, as such
representations relate solely to the composition of the Initial Contracts
conveyed on the Closing Date, provided, that any inaccurate representation as
to concentrations contained in any Addition Notice shall be subject to the same
remedies hereunder as if such representation were made under Section 3.05 on
the Closing Date with respect to an Initial Contract.

             SECTION 3.01. REPRESENTATIONS AND WARRANTIES REGARDING THE
ORIGINATOR.  By its execution of this Agreement and each Subsequent Purchase
Agreement, the Originator represents and warrants that:

                    (a)    ORGANIZATION AND GOOD STANDING. The Originator is a
      corporation duly organized, validly existing and in good standing under
      the laws of the jurisdiction of its organization and has the requisite
      corporate power to own or lease its assets and to transact the business
      in which it is currently engaged. The Originator is duly qualified to do
      business as a foreign corporation and is in good standing in each
      jurisdiction in which the character of the business transacted by it or
      properties owned or leased by it requires such qualification and in which
      the failure so to qualify would have a material adverse effect on the
      business, properties, assets, or condition (financial or otherwise) of
      the Originator. The

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      Originator is properly licensed in each jurisdiction to the extent
      required by the laws of such jurisdiction in order to originate, and (if
      the Originator is to be the Servicer) service the Contracts in accordance
      with the terms of the Transfer and Servicing Agreement.

                    (b)    AUTHORIZATION; BINDING OBLIGATION. The Originator
      has the power and authority to make, execute, deliver and perform this
      Agreement and the other Transaction Documents to which the Originator is
      a party and all of the transactions contemplated under this Agreement and
      the other Transaction Documents to which the Originator is a party, and
      has taken all necessary corporate action to authorize the execution,
      delivery and performance of this Agreement and the other Transaction
      Documents to which the Originator is a party. This Agreement and the
      other Transaction Documents to which the Originator is a party constitute
      the legal, valid and binding obligation of the Originator enforceable in
      accordance with their terms, except as enforcement of such terms may be
      limited by bankruptcy, insolvency or similar laws affecting the
      enforcement of creditors' rights generally and by the availability of
      equitable remedies.

                    (c)    NO CONSENT REQUIRED. The Originator is not required
      to obtain the consent of any other party or any consent, license,
      approval or authorization from, or registration or declaration with, any
      governmental authority, bureau or agency in connection with the
      execution, delivery, performance, validity or enforceability of this
      Agreement and the other Transaction Documents to which the Originator is
      a party.

                    (d)    NO VIOLATIONS. The Originator's execution, delivery
      and performance of this Agreement and the other Transaction Documents to
      which the Originator is a party will not violate any provision of any
      existing law or regulation or any order or decree of any court or the
      Certificate of Incorporation or Bylaws of the Originator, or constitute
      (with or without notice or lapse of time or both) a material breach of
      any mortgage, indenture, contract or other agreement to which the
      Originator is a party or by which the Originator or any of the
      Originator's properties may be bound.

                    (e)    LITIGATION. No litigation or administrative
      proceeding of or before any court, tribunal or governmental body is
      currently pending, or to the knowledge of the Originator threatened,
      against the Originator or any of its respective properties or with
      respect to this Agreement or any other Transaction Document to which the
      Originator is a party which, if adversely determined, would in the
      opinion of the Originator have a material adverse effect on the

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      business, properties, assets or condition (financial or other) of the
      Originator or the transactions contemplated by this Agreement or any
      other Transaction Document to which the Originator is a party.

                    (f)    TITLE. If a Contract is a lease of Equipment subject
      to certificate of title statutory requirements, the title is held either
      in the name of the lessee and the certificate of title indicates the
      Originator as lienholder or in the name of the Originator as Lessor.

                    (g)    PLACE OF BUSINESS; NO CHANGES; NO TRADE NAMES. The
      Originator's chief executive office (within the meaning of Article 9 of
      the UCC) is as set forth in Section 8.03 below. The Originator has not
      changed its name as set forth herein, whether by amendment of its
      Certificate of Incorporation, by reorganization or otherwise, within the
      five years preceding the Closing Date, and has not changed the location
      of its chief executive office, within the four months preceding the
      Closing Date (or Subsequent Transfer Date, as applicable, except in
      accordance with the requirements of Section 4.03). The legal name of the
      Originator is as set forth in this Agreement and, within the five years
      preceding the Closing Date, the Originator has not used, and currently
      does not use, any trade names, fictitious names, assumed names, or "doing
      business as" names.

                    (h)    NO BULK SALES.  The execution, delivery and
      performance of this Agreement by the Originator does not require
      compliance with any "bulk sales" laws by the Originator.

                    (i)    SOLVENCY. The Originator on each date of and, after
      giving effect to the transfer of the Contracts and any Substitute
      Contracts, as the case may be, to the Trust Depositor, is Solvent.

                    (j)    USE OF PROCEEDS. No proceeds of the sale of any
      Initial Contract or Substitute Contract hereunder received by the
      Originator will be used by the Originator to purchase or carry any
      "margin stock" as such term is defined in Regulation G, T, U or X of the
      Board of Governors of the Federal Reserve System.

                    (k)    SELECTION PROCEDURES. No selection procedures
      determined by the Originator to be materially adverse to the interests of
      the Trust Depositor were utilized by the Originator in selecting the
      Contracts to be sold, assigned, transferred, set-over and otherwise
      conveyed hereunder.

                    (l)    NOT AN INVESTMENT COMPANY.  The Originator is not an
      "investment company" within the meaning of the Investment Company Act of

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      1940, as amended (or the Originator is exempt from all provisions of such
      Act).

                    (m)    TAXES. To the best of the Originator's knowledge,
      (i) the Originator has filed all tax returns required to be filed in the
      normal course of its business and has paid or made adequate provisions
      for the payment of all taxes, assessments and other governmental charges
      due from the Originator or is contesting any such tax, assessment or
      other governmental charge in good faith through appropriate proceedings,
      (ii) no tax lien has been filed with respect thereto, and (iii) no claim
      is being asserted with respect to any such tax, fee or other charge.

                    (n)    SALE TREATMENT. The Originator has treated the
      transfer of Contract Assets to the Trust Depositor for all purposes
      (including financial accounting purposes) as a sale and purchase on all
      of its relevant books, records, financial statements and other applicable
      documents, except to the extent applicable tax laws require otherwise.

                    (o)    MARKING OF FILES. The Originator will have, at its
      own expense, prior to the close of business on the Closing Date, (i)
      indicated in its Computer Records that ownership of the Contracts
      transferred by it, on behalf of the Trust Depositor, to the Trust and
      identified on the List of Contracts have been sold to the Trust Depositor
      and (ii) affixed to the original copy of each Contract the following
      legend (including any instrument constituting part of chattel paper):

             This Contract/Note is subject to a security interest granted to
             The Bank of New York (Delaware), as Owner Trustee for the ORIX
             Credit Alliance Receivables Trust 2000-B. UCC-1 Financing
             Statements covering this Contract/Note have been filed with the
             Secretary of State of the State of New Jersey. Such lien will be
             released only in connection with appropriate filings in such
             offices. Consequently, potential purchasers of this Contract/Note
             must refer to such filings to determine whether such lien has been
             released.

                    (p)    NO LIENS. The Originator owns each Contract Asset to
      be sold by it hereunder free and clear of any Liens except as provided
      herein, and upon the sale, transfer or assignment hereunder, the Trust
      Depositor shall (i) become the owner of each Contract Asset then existing
      or thereafter arising, free and clear of any Lien except as provided
      herein or (ii) acquire a first priority perfected security interest in
      such Contract Asset. No effective financing statement or other instrument
      similar in effect covering any Contract Asset or the Collections with
      respect thereto shall at any time be on file in any recording office

                                       15

<PAGE>   16

      except such as may be filed in favor of the Trust Depositor relating to
      this Agreement or otherwise as provided under the Transfer and Servicing
      Agreement.

                    (q)    VALUE GIVEN. The cash payments received by the
      Originator in respect of the purchase price of each Contract sold
      hereunder constitutes reasonably equivalent value in consideration for
      the transfer to the Trust Depositor of such Contract under this
      Agreement, such transfer was not made for or on account of an antecedent
      debt owed by the Originator to the Trust Depositor, and such transfer was
      not and is not voidable or subject to avoidance under any Insolvency Law.

                    (r)    SECURITY INTEREST. The Originator has granted a
      security interest (as defined in the UCC) to the Trust Depositor in the
      Contract Assets, which is enforceable in accordance with applicable law
      upon execution and delivery of this Agreement. Upon the filing of UCC-1
      financing statements naming the Trust Depositor as secured party and the
      Originator as debtor, the Trust Depositor shall have a first priority
      perfected security interest in the Contract Assets (except for any
      Permitted Liens). All filings (including, without limitation, such UCC
      filings) as are necessary in any jurisdiction to perfect the interest of
      the Trust Depositor in the Contract Assets have been made.

                    (s)    SECURITY INTEREST IN EQUIPMENT. The Equipment
      securing the Contracts is located in the states listed on Schedule 1 to
      the Transfer and Servicing Agreement. The Originator has a perfected
      security interest in the Equipment and, upon the sale, transfer and
      assignment of the Contract Assets hereunder, the Trust Depositor will
      have a perfected security interest in the Equipment.

             SECTION 3.02. REPRESENTATIONS AND WARRANTIES REGARDING EACH
CONTRACT AND AS TO CERTAIN CONTRACTS IN THE AGGREGATE. The Originator
represents and warrants (x) with respect to subsections (a)-(c) below, as to
each Contract as of the execution and delivery of this Agreement and as of the
Closing Date, and as of each Subsequent Transfer Date with respect to each
Substitute Contract, and (y) with respect to subsections (d)-(f) below, as to
the Contracts Pool in the aggregate as of the Closing Date, and as of each
Subsequent Transfer Date with respect to Substitute Contracts (after giving
effect to the addition of such Substitute Contracts to the Contracts Pool),
that:

                    (a)    LIST OF CONTRACTS. The information set forth in the
      List of Contracts (as the same may be amended or deemed amended in
      respect of a conveyance of Substitute Contracts on a Subsequent Transfer
      Date) is true, complete and correct as of the applicable Cutoff Date.

                                       16

<PAGE>   17

                    (b)    ELIGIBLE CONTRACT. Such Contract satisfies the
      criteria for the definition of Eligible Contract set forth in the
      Transfer and Servicing Agreement as of the date of its conveyance
      hereunder.

                    (c)    NO "TRUE LEASES".  No Contract constituting a Lease
      is a "true lease" as distinguished from a financing lease.

                    (d)    NO FRAUD.   Each Contract was originated without any
      fraud or material misrepresentation by the Originator or, to the best of
      the Originator's knowledge, on the part of the Obligor or the Vendor.

                    (e)    CONTRACTS SECURED BY FIXTURES.  No material portion
      of the Pool Balance of the Contracts Pool consists of Contracts secured
      by Equipment constituting fixtures.

                    (f)    CONTRACTS SECURED BY OTHER REAL PROPERTY. No
      material portion of the Pool Balance of the Contracts Pool consists of
      Contracts additionally secured by other real property (exclusive of or in
      addition to Equipment constituting fixtures).

             SECTION 3.03. REPRESENTATIONS AND WARRANTIES REGARDING THE INITIAL
CONTRACTS IN THE AGGREGATE. The Originator represents and warrants, as of the
Closing Date, that its representations and warranties in Section 3.03 of the
Transfer and Servicing Agreement are correct.

             SECTION 3.04. REPRESENTATIONS AND WARRANTIES REGARDING THE
CONTRACT FILES. The Originator represents and warrants as of the Closing Date
with respect to the Initial Contracts (or as of the Subsequent Transfer Date,
with respect to Substitute Contracts), that its representations and warranties
in Section 3.04 of the Transfer and Servicing Agreement are correct.

             SECTION 3.05. REPRESENTATIONS AND WARRANTIES REGARDING
CONCENTRATIONS OF INITIAL CONTRACTS. The Originator represents and warrants as
of the Closing Date, as to the composition of the Initial Contracts in the
Contracts Pool as of the Initial Cutoff Date, that its representations and
warranties in Section 3.05 of the Transfer and Servicing Agreement are correct.

             SECTION 3.06. REPRESENTATIONS AND WARRANTIES REGARDING THE TRUST
DEPOSITOR. By its execution of this Agreement and each Subsequent Purchase
Agreement, the Trust Depositor represents and warrants to the Originator that:

                                       17

<PAGE>   18

                    (a)    ORGANIZATION AND GOOD STANDING. The Trust Depositor
      is a corporation duly organized, validly existing and in good standing
      under the laws of Delaware and has the corporate power to own its assets
      and to transact the business in which it is currently engaged. The Trust
      Depositor is duly qualified to do business as a foreign corporation and
      is in good standing in each jurisdiction in which the character of the
      business transacted by it or properties owned or leased by it requires
      such qualification and in which the failure so to qualify would have a
      material adverse effect on the business, properties, assets, or condition
      (financial or other) of the Trust Depositor or the Trust.

                    (b)    AUTHORIZATION; VALID SALE; BINDING OBLIGATIONS. The
      Trust Depositor has the power and authority to make, execute, deliver and
      perform this Agreement and the other Transaction Documents to which it is
      a party and all of the transactions contemplated under this Agreement and
      the other Transaction Documents to which it is a party, and to create the
      Trust and cause it to make, execute, deliver and perform its obligations
      under this Agreement and the other Transaction Documents to which it is a
      party and has taken all necessary corporate action to authorize the
      execution, delivery and performance of this Agreement and the other
      Transaction Documents to which it is a party and to cause the Trust to be
      created. The Transfer and Servicing Agreement and the related Subsequent
      Transfer Agreement, if any, shall effect a valid sale, transfer and
      assignment of the Trust Assets, enforceable against the Trust Depositor
      and creditors of and purchasers from the Trust Depositor. This Agreement
      and the other Transaction Documents to which the Trust Depositor is a
      party constitute the legal, valid and binding obligation of the Trust
      Depositor enforceable in accordance with their terms, except as
      enforcement of such terms may be limited by bankruptcy, insolvency or
      similar laws affecting the enforcement of creditors' rights generally and
      by the availability of equitable remedies.

                    (c)    NO CONSENT REQUIRED. The Trust Depositor is not
      required to obtain the consent of any other party or any consent,
      license, approval or authorization from, or registration or declaration
      with, any Governmental Authority in connection with the execution,
      delivery, performance, validity or enforceability of this Agreement or
      the other Transaction Documents to which it is a party.

                    (d)    NO VIOLATIONS. The execution, delivery and
      performance of this Agreement and the other Transaction Documents to
      which it is a party by the Trust Depositor, and the consummation of the
      transactions contemplated hereby and thereby, will not violate any
      Requirement of Law applicable to the Trust Depositor, or constitute a
      material breach of any mortgage, indenture,

                                       18
<PAGE>   19

      contract or other agreement to which the Trust Depositor is a party or by
      which the Trust Depositor or any of the Trust Depositor's properties may
      be bound, or result in the creation or imposition of any security
      interest, lien, charge, pledge, preference, equity or encumbrance of any
      kind upon any of its properties pursuant to the terms of any such
      mortgage, indenture, contract or other agreement, other than as
      contemplated by the Transaction Documents.

                    (e)    LITIGATION. No litigation or administrative
      proceeding of or before any court, tribunal or governmental body is
      currently pending, or to the knowledge of the Trust Depositor threatened,
      against the Trust Depositor or any of its properties or with respect to
      this Agreement, the other Transaction Documents to which it is a party or
      the Securities (1) which, if adversely determined, would in the
      reasonable judgment of the Trust Depositor have a material adverse effect
      on the business, properties, assets or condition (financial or other) of
      the Trust Depositor or the Trust or the transactions contemplated by this
      Agreement or the other Transaction Documents to which the Trust Depositor
      is a party or (2) seeking to adversely affect the federal income tax or
      other federal, state or local tax attributes of the Certificate or Notes.

                    (f)    BULK SALES.  The execution, delivery and performance
      of this Agreement do not require compliance with any "bulk sales" laws by
      the Trust Depositor.

                    (g)    SOLVENCY. The Trust Depositor, at the time of and
      after giving effect to each conveyance of Trust Assets under the Transfer
      and Servicing Agreement, is Solvent on and as of the date thereof.

                    (h)    TAXES. The Trust Depositor has filed or caused to be
      filed all tax returns which, to its knowledge, are required to be filed
      and has put all taxes shown to be due and payable on such returns or on
      any assessments made against it or any of its property and all other
      taxes, fees or other charges imposed on it or any of its property by any
      Governmental Authority (other than any amount of tax due, the validity of
      which is currently being contested in good faith by appropriate
      proceedings and with respect to which reserves in accordance with
      generally accepted accounting principles have been provided on the books
      of the Trust Depositor); no tax lien has been filed and, to the Trust
      Depositor's knowledge, no claim is being asserted, with respect to any
      such tax, fee or other charge.

                    (i)    PLACE OF BUSINESS; NO CHANGES. The Trust Depositor's
      sole place of business (within the meaning of Article 9 of the UCC) is as
      set forth in Section 8.03 below. The Trust Depositor has not changed its
      name, whether by

                                       19

<PAGE>   20

      amendment of its Certificate of Incorporation, by reorganization or
      otherwise, and has not changed the location of its place of business,
      within the four months preceding the Closing Date.

                    (j)    NOT AN INVESTMENT COMPANY.  The Trust Depositor is
      not an "investment company" within the meaning of the Investment Company
      Act of 1940, as amended (or the Trust Depositor is exempt from all
      provisions of such Act).

                    (k)    SALE TREATMENT. The Trust Depositor has treated the
      transfer of Contract Assets to the Trust Depositor for all purposes
      (including financial accounting purposes) as a sale and purchase on all
      of its relevant books, records, financial statements and other applicable
      documents, except to the extent applicable tax laws require otherwise.

Such representations speak as of the execution and delivery of this Agreement
and as of the Closing Date in the case of the Initial Contracts, and as of the
applicable Subsequent Transfer Date in the case of the Substitute Contracts,
but shall survive the sale, transfer and assignment of the Contracts to the
Trust.

                                  ARTICLE FOUR

                           PERFECTION OF TRANSFER AND
                        PROTECTION OF SECURITY INTERESTS

             SECTION 4.01. CUSTODY OF CONTRACTS. The contents of each Contract
File shall be held in the custody of the Custodian under the Custodian
Agreement for the benefit of, and as agent for, the Indenture Trustee.

             SECTION 4.02. FILING.  On or prior to the Closing Date, the
Originator shall cause the UCC financing statement(s) referred to in Section
2.02(viii) hereof to be filed.

             SECTION 4.03. NAME CHANGE OR RELOCATION. (a) During the term of
this Agreement, the Originator shall not change its name, identity or structure
or relocate its chief executive office without first giving at least 30 days'
prior written notice to the Trust.

             (b)    If any change in the Originator's name, identity or
structure or other action would make any financing or continuation statement or
notice of ownership interest or lien relating to any Contract Asset seriously
misleading within the meaning of applicable provisions of the UCC or any title
statute, the Originator, no later than five

                                       20

<PAGE>   21

days after the effective date of such change, shall file such amendments as may
be required to preserve and protect the Trust Depositor's and the Trust's
interests in the Trust Assets and the proceeds thereof. In addition, the
Originator shall not change the place of its chief executive office (within the
meaning of Article 9 of the UCC) unless it has first taken such action as is
advisable or necessary to preserve and protect the Trust Depositor's and the
Trust's interest in the Trust Assets.

             SECTION 4.04. CHIEF EXECUTIVE OFFICE. During the term of this
Agreement, and subject to the other terms and provisions herein relating to
changes in location, the Originator will maintain its chief executive office in
one of the States of the United States.

             SECTION 4.05. COSTS AND EXPENSES. The Originator hereby confirms
that the Servicer will pay all reasonable costs and disbursements in connection
with the perfection and the maintenance of perfection, as against all third
parties, of the Trustees' and Trust's right, title and interest in and to the
Contract Assets (including, without limitation, the security interest in the
Equipment related thereto and the security interests provided for in the
Indenture).

             SECTION 4.06. SALE TREATMENT. The Originator shall treat the
transfer of Trust Assets made hereunder for all purposes (including financial
accounting purposes) as a sale and purchase on all of its relevant books,
records, financial statements and other applicable documents. Notwithstanding
the preceding sentence, for federal income tax purposes the transfer of Trust
Assets by the Originator hereunder shall not be treated as a sale and purchase
for federal income tax purposes so long as the Trust is disregarded as a
separate entity pursuant to Treasury Regulations Section 301.7701-3(b)(1)(ii).

             SECTION 4.07. SEPARATENESS FROM TRUST DEPOSITOR. The Originator
agrees to take or refrain from taking or engaging in with respect to the Trust
Depositor, as applicable, each of the actions or activities specified in the
"substantive consolidation" opinion of Sullivan & Cromwell (including any
certificates of the Originator attached thereto) delivered on the Closing Date,
upon which the conclusions therein are based.

                                  ARTICLE FIVE

                          COVENANTS OF THE ORIGINATOR

             SECTION 5.01. CORPORATE EXISTENCE. During the term of this
Agreement, the Originator will keep in full force and effect its existence,
rights and franchises as a corporation under the laws of the jurisdiction of
its incorporation and will obtain and preserve its qualification to do business
in each jurisdiction in which such qualification is or shall be necessary to
protect the validity and enforceability of this Agreement, the

                                       21

<PAGE>   22

other Transaction Documents and each other instrument or agreement necessary or
appropriate to the proper administration of this Agreement and the transactions
contemplated hereby. In addition, all transactions and dealings between the
Originator and its Affiliates will be conducted on an arm's-length basis.

             SECTION 5.02. CONTRACTS NOT TO BE EVIDENCED BY PROMISSORY NOTES.
The Originator will take no action to cause any Contract not originally
evidenced by an instrument as described in Section 2.05 hereof, to be evidenced
by an instrument (as defined in the UCC), except in connection with the
enforcement or collection of such Contract.

             SECTION 5.03. SECURITY INTERESTS. The Originator will not sell,
pledge, assign or transfer to any other Person, or grant, create, incur, assume
or suffer to exist any Lien on any Contract in the Contracts Pool or related
Equipment, whether now existing or hereafter transferred to the Trust
Depositor, or any interest therein. The Originator will immediately notify the
Trust Depositor of the existence of any Lien on any Contract in the Contracts
Pool or related Equipment; and the Originator shall defend the right, title and
interest of the Trust Depositor in, to and under the Contracts in the Contracts
Pool and the related Equipment, against all claims of third parties; provided,
however, that nothing in this Section 5.03 shall prevent or be deemed to
prohibit the Originator from suffering to exist Permitted Liens upon any of the
Contracts in the Contracts Pool or any related Equipment.

             SECTION 5.04.  COMPLIANCE WITH LAW.  The Originator hereby agrees
to comply in all material respects with all Requirements of Law applicable to
the Originator.

             SECTION 5.05. LIABILITY OF ORIGINATOR; INDEMNITIES. The Originator
shall be liable in accordance herewith only to the extent of the obligations
specifically undertaken by the Originator under this Agreement.

             The Originator shall indemnify, defend and hold harmless the Trust
Depositor from and against any taxes that may at any time be asserted against
any such Person with respect to the transactions contemplated herein and in the
other Transaction Documents, including any sales, gross receipts, general
corporation, tangible personal property, New Jersey personal property
replacement privilege or license taxes (but, in the case of the Trust
Depositor, not including any taxes asserted with respect to, and as of the date
of, the sale of the Contracts to the Trust or the issuance and original sale of
the Securities, or asserted with respect to ownership of the Contracts, or
federal or other income taxes arising out of distributions on the Certificate
or the Notes) and costs and expenses in defending against the same.

                                       22

<PAGE>   23

             The Originator shall indemnify, defend and hold harmless the Trust
Depositor from and against any loss, liability or expense incurred by reason of
the Originator's willful misfeasance, bad faith or gross negligence (other than
errors in judgment) in the performance of its duties under this Agreement, or
by reason of reckless disregard of its obligations and duties under this
Agreement.

             Indemnification under this Section shall include, without
limitation, reasonable fees and expenses of counsel and expenses of litigation.
If the Originator shall have made any indemnity payments pursuant to this
Section and the Person to or on behalf of whom such payments are made
thereafter shall collect any of such amounts from others, such Person shall
promptly repay such amounts to the Originator, without interest.

             SECTION 5.06. LIMITATION ON LIABILITY OF ORIGINATOR AND OTHERS.
The Originator and any director or officer or employee or agent of the
Originator may rely in good faith on any document of any kind, prima facie
properly executed and submitted by any Person respecting any matters arising
hereunder. The Originator and any director or officer or employee or agent of
the Originator shall be reimbursed by the Trust Depositor for any liability or
expense incurred by reason of the Trust Depositor's willful misfeasance, bad
faith or negligence (except errors in judgment) in the performance of their
respective duties hereunder, or by reason of reckless disregard of their
respective obligations and duties hereunder. The Originator shall not be under
any obligation to appear in, prosecute or defend any legal action that shall
not be incidental to its obligations under this Agreement, and that in its
opinion may involve it in any expense or liability.

             SECTION 5.07. CHIEF EXECUTIVE OFFICE.  During the term of this
Agreement, the Originator will maintain its chief executive office in one of
the States of the United States.

                                  ARTICLE SIX

               REMEDIES UPON MISREPRESENTATION; REPURCHASE OPTION

             SECTION 6.01. REPURCHASES OF, OR SUBSTITUTION FOR, CONTRACTS FOR
BREACH OF REPRESENTATIONS AND WARRANTIES. Upon a discovery by the Servicer, the
Trust Depositor or the Trustees of a breach of a representation or warranty of
the Originator as set forth in Section 3.01, Section 3.02, Section 3.03,
Section 3.04, and Section 3.05 or as made or deemed made in any Addition Notice
or any Subsequent Purchase Agreement relating to Substitute Contracts that
materially adversely affects the Trust's interest in such Contract (without
regard to the benefits of the Reserve Fund) (an

                                       23

<PAGE>   24

"Ineligible Contract"), or of an inaccuracy with respect to the representations
as to concentrations of the Initial Contracts made under Section 3.05, the
party discovering the breach shall give prompt written notice to the other
parties (and the Servicer shall, pursuant to Section 11.01 of the Transfer and
Servicing Agreement, with respect to an inaccuracy concerning concentrations,
select one or more Contracts, without employing adverse selection, to be the
related Excess Contract for purposes of this Section), provided, that the
Trustees shall have no duty or obligation to inquire or to investigate the
breach by the Originator of any of such representations or warranties. The
Originator shall repurchase each such Ineligible Contract or Excess Contract,
at a repurchase price equal to the Transfer Deposit Amount, not later than the
next succeeding Determination Date following the date the Originator becomes
aware of, or receives written notice from any Trustee, the Servicer or the
Trust Depositor of, any such breach or inaccuracy and which breach or
inaccuracy has not otherwise been cured; provided, however, that if the
Originator is able to effect a substitution for any such Ineligible Contract or
Excess Contract in compliance with Section 2.04, the Originator may, in lieu of
repurchasing such Contract, effect a substitution for such affected Contract
with a Substitute Contract not later than the date a repurchase of such
affected Contract would be required hereunder, and, provided further that, with
respect to a breach of representation or warranty relating to the Contracts in
the aggregate and not to any particular Contract the Originator may select
Contracts (without adverse selection) to repurchase (or substitute for) such
that had such Contracts not been included as part of the Trust Assets (and, in
the case of a substitution, had such Substitute Contract been included as part
of the Trust Assets instead of the selected Contract) there would have been no
breach of such representation or warranty. Notwithstanding any other provision
of this Agreement, the obligation of the Originator described in this Section
6.01 shall not (a) terminate or be deemed released by any party hereto upon a
Servicer Transfer pursuant to Article VIII of the Transfer and Servicing
Agreement or (b) include any obligation to make payment on account of a breach
of a Contract by an Obligor subsequent to the date on which such Contract was
transferred to the Trust. The repurchase obligation described in this Section
6.01 is in no way to be satisfied with monies in the Reserve Fund.

             SECTION 6.02. REASSIGNMENT OF REPURCHASED OR SUBSTITUTED
CONTRACTS. Upon receipt by the Indenture Trustee for deposit in the Collection
Account of the amounts described in Section 6.01 or Section 6.03 (or upon the
Subsequent Transfer Date related to a Substitute Contract described in Section
6.01), and upon receipt of a certificate of a Servicing Officer in the form
attached as Exhibit F to the Transfer and Servicing Agreement, the Indenture
Trustee is required under the Transfer and Servicing Agreement to assign to the
Trust Depositor and the Trust Depositor shall assign to the Originator all of
the Trust's (or Trust Depositor's, as applicable) right, title and interest in
the repurchased or substituted Contract and related Trust Assets without
recourse, representation or warranty. Such reassigned Contract shall no longer
thereafter be included in any calculations of Principal Balances required to be
made hereunder or

                                       24

<PAGE>   25

otherwise be deemed a part of the Trust.

                                 ARTICLE SEVEN

                             ORIGINATOR INDEMNITIES

             SECTION 7.01. ORIGINATOR'S INDEMNIFICATION. The Originator will
defend and indemnify the Trust Depositor, the Trust, the Trustees, any agents
of the Trustees and the Certificateholder and Noteholders (any of which, an
"Indemnified Party") against any and all costs, expenses, losses, damages,
claims and liabilities, joint or several, including reasonable fees and
expenses of counsel and expenses of litigation (collectively, "Costs") arising
out of or resulting from (i) this Agreement or the use, ownership or operation
of any Equipment by the Originator or the Servicer or any Affiliate of either,
(ii) any representation or warranty or covenant made by the Originator in this
Agreement being untrue or incorrect (subject to the limitations described in
the preamble to Article III of this Agreement), and (iii) any untrue statement
or alleged untrue statement of a material fact contained in the Prospectus or
in any amendment thereto or the omission or alleged omission to state therein a
material fact necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged untrue
statement was made in conformity with information furnished to the Trust
Depositor by the Originator specifically for use therein; provided, however,
that the Originator shall not be required to so indemnify any such Indemnified
Party for such Costs to the extent that such Cost shall be due to or arise from
the willful misfeasance, bad faith or negligence of such Indemnified Party, or
the failure of such Indemnified Party to comply with any express undertaking,
agreement or covenant made by such Indemnified Party in a Transaction Document
to which it is a party or the breach subsequent to the Closing Date by an
Obligor under a Contract. Notwithstanding any other provision of this
Agreement, the obligation of the Originator under this Section 7.01 shall not
terminate upon a Servicer Transfer pursuant to Article VIII of the Transfer and
Servicing Agreement and shall survive any termination of that agreement or this
Agreement.

             SECTION 7.02. LIABILITIES TO OBLIGORS. No obligation or liability
to any Obligor under any of the Contracts is intended to be assumed by the
Trustees, the Trust, the Noteholders or the Certificateholder under or as a
result of this Agreement and the transactions contemplated hereby.

             SECTION 7.03. TAX INDEMNIFICATION.

                    (a)    The Originator agrees to pay, and to indemnify,
      defend and hold harmless the Trust Depositor, the Trust, the Trustees,
      the Noteholders or the

                                       25

<PAGE>   26

      Certificateholder from, any taxes which may at any time be asserted with
      respect to, and as of the date of, the transfer of the Contracts to the
      Trust Depositor and the transfer by the Trust Depositor of the Contracts
      to the Trust and the further pledge by the Trust to the Indenture
      Trustee, including, without limitation, any sales, gross receipts,
      general corporation, personal property, privilege or license taxes (but
      not including any federal, state or other taxes arising out of the
      creation of the Trust and the issuance of the Notes and Certificates) and
      costs, expenses and reasonable counsel fees in defending against the
      same, whether arising by reason of the acts to be performed by the
      Originator or the Servicer under this Agreement or imposed against the
      Trust, a Noteholder, a Certificateholder or otherwise. Notwithstanding
      any other provision of this Agreement, the obligation of the Originator
      under this Section 7.03 shall not terminate upon a Servicer Transfer
      pursuant to Article VIII of the Transfer and Servicing Agreement and
      shall survive any termination of this Agreement.

                    (b)    The Originator agrees to pay and to indemnify,
      defend and hold harmless the Trust and the Trustees, on an after-tax
      basis (as hereinafter defined), from any state or local personal property
      taxes, gross rent taxes, leasehold taxes or similar taxes which may at
      any time be asserted with respect to the ownership of the Contracts
      (including security interests therein) and the receipt of rentals
      therefrom by the Trust, and costs, expenses and reasonable counsel fees
      in defending against the same, excluding, however, taxes based upon or
      measured by gross or net income or receipts (other than taxes imposed
      specifically with respect to rentals). As used in this Section, the term
      "after-tax basis" shall mean, with respect to any payment to be received
      by an indemnified person, that the amount to be paid by the Originator
      shall be equal to the sum of (i) the amount to be received without regard
      to this sentence, plus (ii) any additional amount that may be required so
      that after reduction by all taxes imposed under any federal, state and
      local law, and taking into account any current credits or deductions
      arising therefrom, resulting either from the receipt of the payments
      described in both clauses (i) and (ii) hereof, such sum shall be equal to
      the amount described in clause (i) above.

             SECTION 7.04. ADJUSTMENTS. The Originator agrees that, with
respect to each Contract (i) which provides for a Prepayment Amount less than
the amount calculated in accordance with the definition thereof and (ii) as to
which the related Vendor has not agreed to indemnify the Trust Depositor or any
assignee of the Trust Depositor in an amount at least equal to the excess of
the "Prepayment Amount" as calculated in accordance with the definition thereof
over the amount otherwise payable upon prepayment of such Contract, the
Originator shall indemnify the Trust Depositor or the Trust as assignee
thereof, in an amount equal to the amount specified in the foregoing clause
(ii).

                                       26

<PAGE>   27

             The Originator hereby further agrees that if any real property
collateral securing any Contract described in Section 3.02(e) hereof becomes
the subject of any claims, proceedings, liens or encumbrances with respect to
any material violation or claimed material violation of any federal or state
environmental laws or regulations, such Contract shall for all purposes
hereunder be, at and following the time of discovery by the Originator, the
Trust Depositor, the Servicer or any Trustee of such fact, deemed an Ineligible
Contract subject to the same remedial and recourse provisions hereunder as
other Contracts determined to be Ineligible Contracts hereunder.

             SECTION 7.05. OPERATION OF INDEMNITIES. Indemnification under this
Article VII shall include, without limitation, reasonable fees and expenses of
counsel and expenses of litigation. If the Originator has made any indemnity
payments to the Trust Depositor or the Trustees pursuant to this Article VII
and the Trust Depositor or the Trustees thereafter collects any of such amounts
from others, the Trust Depositor or the Trustees will repay such amounts
collected to the Originator, except that any payments received by the Trust
Depositor or the Trustees from an insurance provider as a result of the events
under which the Originator's indemnity payments arose shall be repaid prior to
any repayment of the Originator's indemnity payment.

                                 ARTICLE EIGHT

                                 MISCELLANEOUS

             SECTION 8.01.  AMENDMENT.

             (a)    This Agreement may be amended by the Originator and the
Trust Depositor, without the consent of any Securityholders, to cure any
ambiguity, to correct or supplement any provisions in this Agreement which are
inconsistent with the provisions herein, or to add any other provisions with
respect to matters or questions arising under this Agreement that shall not be
inconsistent with the provisions of this Agreement, provided, however, that any
such action shall not, as evidenced by an Opinion of Counsel, adversely affect
in any material respect the interests of any Securityholder.

             (b)    This Agreement may also be amended from time to time by the
Originator and the Trust Depositor, with the consent of the Servicer, the
Indenture Trustee and the Owner Trustee on behalf of the Trust, and the consent
of the Required Holders, 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 Holders of the Notes or the
Certificateholder; provided, however, that no

                                       27

<PAGE>   28

such amendment shall (i) increase or reduce in any manner the amount of, or
accelerate or delay the timing of or change the method of calculating
Collections of payments on the Contracts (including by way of amendment of
related definitions), or (ii) change in any manner (including through amendment
of related definitions), the Holders which are required to consent to any such
amendment, without the consent of the Holders of all Notes and Certificates of
the relevant affected Class then outstanding.

             (c)    Prior to the execution of any such amendment or consent,
the Originator shall cause the Indenture Trustee to furnish written
notification of the substance of such amendment or consent, together with a
copy thereof, to each Rating Agency.

             (d)    Promptly after the execution of any such amendment or
consent, the Originator shall cause the Owner Trustee and the Indenture
Trustee, as the case may be, to furnish written notification of the substance
of such amendment or consent to each Certificateholder and Noteholder,
respectively. It shall not be necessary for the consent of Noteholders and
Certificateholder pursuant to Section 8.01(b) to approve the particular form of
any proposed amendment or consent, but it shall be sufficient if such consent
shall approve the substance thereof. The manner of obtaining such consents and
of evidencing the authorization by Noteholders and Certificateholder of the
execution thereof shall be subject to such reasonable requirements as the Owner
Trustee or the Indenture Trustee may prescribe.

             (e)    Prior to the execution of any amendment to this Agreement,
the Owner Trustee and the Indenture Trustee shall be entitled to receive and
rely upon an Opinion of Counsel stating that the execution of such amendment is
authorized or permitted by this Agreement. Such Trustee may, but shall not be
obligated to, consent to any such amendment which affects such Trustee's own
rights, duties or immunities under this Agreement or otherwise.

             SECTION 8.02. GOVERNING LAW. (a) This Agreement shall be construed
in accordance with the laws of the State of New York and the obligations,
rights, and remedies of the parties under the Agreement shall be determined in
accordance with such laws.

             (b)   EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN
CONNECTION WITH THIS AGREEMENT. Each party hereto (i) certifies that no
representative, agent or attorney of any other party has represented, expressly
or otherwise, that such other party would not, in the event of litigation, seek
to enforce the foregoing waiver and (ii) acknowledges that

                                       28

<PAGE>   29

it and the other parties hereto have been induced to enter into this Agreement
by, among other things, the mutual waivers and certifications in this Section
8.02(b).

             SECTION 8.03. NOTICES. All notices, demands, certificates,
requests and communications hereunder ("notices") shall be in writing and shall
be effective (a) upon receipt when sent through the U.S. mails, registered or
certified mail, return receipt requested, postage prepaid, with such receipt to
be effective the date of delivery indicated on the return receipt, or (b) one
Business Day after delivery to an overnight courier, or (c) on the date
personally delivered to an Authorized Officer of the party to which sent, or
(d) on the date transmitted by legible telecopier transmission with a
confirmation of receipt, in all cases addressed to the recipient as follows:

                    (i)    If to the Originator:

                           ORIX Credit Alliance, Inc.
                           300 Lighting Way
                           Secaucus, New Jersey  07096-1525
                           Attention:  Chief Financial Officer - Asset
                           Securitizations

                           Fax No.:  (201) 348-2914

                    (ii)   If to the Trust Depositor:

                           ORIX Credit Alliance Receivables 2000-B Corporation
                           300 Lighting Way
                           Secaucus, New Jersey  07096-1525
                           Attention:  President

                           Fax No.:  (201) 348-2914

                    (iii)  If to the Indenture Trustee:

                           The Bank of New York

                           [______________________]
                           [______________________]
                           Attention:  [_____________________]

                           Fax No.:  [_______________]

                    (iv)   If to the Owner Trustee:

                                       29

<PAGE>   30

                           The Bank of New York (Delaware)
                           502 White Clay Center
                           P.O. Box 6973
                           Newark, Delaware  19714-6973
                           Attention: Corporate Trust Administration

                           Fax No.:  (302) 283-8279

                    (v)    If to Moody's:

                           Moody's Investors Service, Inc.
                           99 Church Street
                           4th Floor
                           New York, New York  10007
                           Attention:  ABS Monitoring Department

                           Fax No.:  (212) 553-0344

                    (vi)   If to S&P:

                           Standard & Poor's Ratings Service
                           55 Water Street
                           41st Floor
                           New York, New York  10014
                           Attention: Surveillance: Asset Backed Services

                           Fax No.:  (212) 438-2662

                    (vii)  If to Fitch:

                           Fitch, Inc.
                           [________________]
                           [_____________]
                           [___________________]
                           Attention:  [____________________]

                           Fax No.:  [_____________]

                    (viii) If to the Underwriter:

                           First Union Securities, Inc.
                           One First Union Center, TW-9

                                       30

<PAGE>   31

                           301 South College Street
                           Charlotte, North Carolina  28288-0610
                           Attention:  Asset Securitization Division

                           Fax No.:  (704) 374-3254

Each party hereto may, by notice given in accordance herewith to each of the
other parties hereto, designate any further or different address to which
subsequent notices shall be sent.

             SECTION 8.04. SEVERABILITY OF PROVISIONS. If one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever 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 Notes or
Certificates or the rights of the Holders thereof.

             SECTION 8.05. THIRD PARTY BENEFICIARIES. Except as otherwise
specifically provided herein, the parties hereto hereby manifest their intent
that no third party, other than each Trustee, shall be deemed a third party
beneficiary of this Agreement, and specifically that the Obligors are not third
party beneficiaries of this Agreement.

             SECTION 8.06. COUNTERPARTS. This Agreement may be executed by
facsimile signature and in several counterparts, each of which shall be an
original and all of which shall together constitute but one and the same
instrument.

             SECTION 8.07. HEADINGS. The headings of the various Articles and
Sections herein are for convenience of reference only and shall not define or
limit any of the terms or provisions hereof.

             SECTION 8.08. NO BANKRUPTCY PETITION; DISCLAIMER. (a) Each of the
Originator and the Trust Depositor covenants and agrees that, prior to the date
that is one year and one day after the payment in full of all amounts owing in
respect of all outstanding Securities, it will not institute against the Trust
Depositor (in the case of the Originator), or the Trust, or join any other
Person in instituting against the Trust Depositor or the Trust, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings or other
similar proceedings under the laws of the United States or any state of the
United States. This Section 8.08 will survive the termination of this
Agreement.

                                       31

<PAGE>   32

             (b)    The provisions of this Section 8.08 shall be for the third
party benefit of those entitled to rely thereon, including the Holders of the
Notes, and shall survive the termination of this Agreement.

             SECTION 8.09. JURISDICTION. Any legal action or proceeding with
respect to this Agreement may be brought in the courts of the United States for
the Southern District of New York, and by execution and delivery of this
Agreement, each party hereto consents, for itself and in respect of its
property, to the non-exclusive jurisdiction of those courts. Each such party
irrevocably waives any objection, including any objection to the laying of
venue or based on the grounds of forum non conveniens, which it may now or
hereafter have to the bringing of any action or proceeding in such jurisdiction
in respect of this Agreement or any document related hereto.

             SECTION 8.10.  PROHIBITED TRANSACTIONS WITH RESPECT TO THE TRUST.
The Originator shall not:

             (a)    Provide credit to any Noteholder or Certificateholder for
      the purpose of enabling such Noteholder or Certificateholder to purchase
      Notes or Certificates, respectively;

             (b)    Purchase any Notes or Certificates in an agency or trustee
      capacity; or

             (c)    Except in its capacity as Servicer as provided in the
      Transfer and Servicing Agreement, lend any money to the Trust.

             SECTION 8.11. MERGER OR CONSOLIDATION OF ORIGINATOR. (a) The
Originator will keep in full force and effect its existence, rights and
franchise as a New York corporation, and the Originator will obtain and
preserve its qualification to do business as a foreign corporation in each
jurisdiction in which such qualification is or shall be necessary to protect
the validity and enforceability of this Agreement and of any of the Contracts
and to perform its duties under this Agreement.

             (b)    Any person into which the Originator may be merged or
consolidated, or any corporation resulting from such merger or consolidation to
which the Originator is a party, or any person succeeding by acquisition or
transfer to substantially all of the assets and to the business of the
Originator shall be the successor to the Originator hereunder, without
execution or filing of any paper or any further act on the part of any of the
parties hereto, notwithstanding anything herein to the contrary.

             (c)    Upon the merger or consolidation of the Originator or
transfer of substantially all of its assets and its business as described in
this Section 8.11, the Originator shall provide the Rating Agencies notice of
such merger or consolidation

                                       32

<PAGE>   33

within thirty (30) days after completion of the same.

             SECTION 8.12. ASSIGNMENT OR DELEGATION BY THE ORIGINATOR. Except
as specifically authorized hereunder, the Originator may not convey and assign
or delegate any of its rights or obligations hereunder absent the prior written
consent of the Trust Depositor and the Trustees, and any attempt to do so
without such consent shall be void.

                                       33

<PAGE>   34

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

                           ORIX CREDIT ALLIANCE, INC., as Originator

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

                           ORIX CREDIT ALLIANCE RECEIVABLES 2000-B
                           CORPORATION, as Trust Depositor

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

                                       34

<PAGE>   35

                                   EXHIBIT A

                               FORM OF ASSIGNMENT

             In accordance with the OCAI Transfer Agreement (the "OCAI Transfer
Agreement") dated as of August __, 2000 made by and between the undersigned,
ORIX Credit Alliance, Inc., as Originator, and the ORIX Credit Alliance
Receivables 2000-B Corporation (the "Trust Depositor"), as assignee thereunder,
the undersigned does hereby sell, transfer, convey and assign, set over and
otherwise convey to the Trust, on behalf of the Trust Depositor, (i) all the
right, title and interest of the Originator in and to the Initial Contracts
listed on the initial List of Contracts delivered on the Closing Date
(including, without limitation, all rights to receive Collections with respect
thereto on or after the Initial Cutoff Date, but excluding any rights to
receive payments which were collected pursuant thereto prior to the Initial
Cutoff Date), and (ii) all other Contract Assets relating to the foregoing.

             Capitalized terms used herein have the meaning given such terms in
the OCAI Transfer Agreement.

             This Assignment is made pursuant to and in reliance upon the
representation and warranties on the part of the undersigned contained in
Article III of the OCAI Transfer Agreement and no others.

             IN WITNESS WHEREOF, the undersigned has caused this Assignment to
be duly executed this __ day of August __, 2000.

                           ORIX CREDIT ALLIANCE, INC.

                           By:

                                  Printed Name:

                                  Title:<PAGE>   1

                                                                    EXHIBIT 10.4

                               CUSTODIAN AGREEMENT

                                      AMONG

                           ORIX CREDIT ALLIANCE, INC.,

              ORIX CREDIT ALLIANCE RECEIVABLES 2000-B CORPORATION,
                               AS TRUST DEPOSITOR,

                                       AND

                              THE BANK OF NEW YORK,

                              AS INDENTURE TRUSTEE

                           DATED AS OF AUGUST __, 2000

<PAGE>   2

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                   Page
                                                                                   ----
<S>                                                                               <C>
1.      Appointment as Custodian; Acknowledgment of Receipt...........................1

2.      Maintenance at Office.........................................................2

3.      Duties of Custodian...........................................................2

4.      Instructions; Authority to Act................................................3

5.      Indemnification by the Custodian..............................................3

6.      Advice of Counsel.............................................................4

7.      Effective Period, Termination and Amendment and Interpretive
        and Additional Provisions.....................................................4

8.      Governing Law.................................................................4

9.      Notices.......................................................................4

10.     Binding Effect................................................................5
</TABLE>

<PAGE>   3

                               CUSTODIAN AGREEMENT

               Custodian Agreement, dated as of August __, 2000 (the "Custodian
Agreement") among ORIX CREDIT ALLIANCE, INC., a New York corporation ("OCAI"),
ORIX CREDIT ALLIANCE RECEIVABLES 2000-B CORPORATION, a Delaware corporation (the
"Trust Depositor") and THE BANK OF NEW YORK, as Indenture Trustee (the
"Indenture Trustee").

               WHEREAS, OCAI and the Trust Depositor have entered into a
Transfer Agreement, dated as of the date hereof (the "OCAI Transfer Agreement")
and OCAI, the Trust Depositor, the Indenture Trustee and ORIX Credit Alliance
Receivables Trust 2000-B (the "Issuer") have entered into a Transfer and
Servicing Agreement, dated as of the date hereof (the "Agreement", the
capitalized terms defined therein being used herein with the same meaning as set
forth therein or in the Indenture); and

               WHEREAS, pursuant to the OCAI Transfer Agreement, OCAI shall
sell, transfer and assign to the Trust Depositor without recourse all of OCAI's
right, title and interest in and to the Contracts and related security
interests, and pursuant to the Agreement, the Trust Depositor shall
simultaneously sell, transfer and assign its right, title and interest in and to
the Contracts and related security interests to the Issuer; and

               WHEREAS, simultaneously with the purchase of the Contracts by the
Issuer, the Issuer is assigning the Contracts to and granting a security
interest in and a lien upon the Contracts and related security interests in
favor of the Indenture Trustee under the terms of the Indenture; and

               WHEREAS, in connection with such sales and the assignments, the
Agreement provides that the Indenture Trustee shall hold the Contract Files
directly or through a Custodian acting as agent of the Indenture Trustee under
the Custodian Agreement;

               NOW, THEREFORE, in consideration of the mutual agreements herein
contained and of other good and valuable consideration the receipt and adequacy
of which are hereby acknowledged, the parties agree as follows:

               1.    APPOINTMENT AS CUSTODIAN; ACKNOWLEDGMENT OF RECEIPT.
Subject to the terms and conditions hereof, the Indenture Trustee hereby
revocably appoints OCAI, and OCAI hereby accepts such appointment, to act as
agent of the Indenture Trustee as Custodian (the "Custodian") to maintain
custody of the Contract Files relating to the Contracts. In performing its
duties hereunder, the Custodian agrees to act with reasonable care, using that
degree of skill and attention that the Custodian exercises with respect to the
contract files relating to all comparable equipment contracts

                                      -3-
<PAGE>   4

that the Custodian services for itself or others. The Custodian hereby
acknowledges receipt of the Contract File for each Contract listed in the List
of Contracts.

               2.     MAINTENANCE AT OFFICE. The Custodian agrees to maintain
each Contract File at its offices as shall be specified to the Trust Depositor,
the Issuer and the Indenture Trustee. The Custodian shall make available to the
Trust Depositor, the Issuer and the Indenture Trustee or their respective duly
authorized representatives, attorneys or auditors a list of locations of the
Contract Files and the related accounts, records and computer systems maintained
by the Custodian at such times as the Trust Depositor, the Issuer or the
Indenture Trustee shall instruct.

               3.     DUTIES OF CUSTODIAN.

               (a)    SAFEKEEPING. The Custodian shall hold the Contract Files
on behalf of the Indenture Trustee and shall maintain such accurate and complete
accounts, records and computer systems pertaining to each Contract File as will
comply with the terms and conditions of the Agreement. The Custodian shall at
all times maintain the original of each fully executed Contract and store such
original Contract in a fireproof vault. Within 60 days of the Closing Date (or
Subsequent Transfer Date, as the case may be), the Custodian shall deliver an
Officer's Certificate to the Owner Trustee and the Indenture Trustee certifying
that as of a date no earlier than the Closing Date (or Subsequent Transfer Date,
as the case may be) it has conducted an inventory of the Contract Files (which
in the case of Substitute Contracts, need be only of the Contract Files related
to such Substitute Contracts) and that there exists a Contract File for each
Contract and stating all exceptions to such statement, if any. The Custodian
shall conduct, or cause to be conducted, periodic (at least annually) physical
inspections of the Contract Files held by it under this Custodian Agreement, and
of the related accounts, records and computer systems, in such a manner as shall
enable the Trust Depositor and the Indenture Trustee to verify the accuracy of
the Custodian's inventory and record keeping. The Custodian shall promptly
report to the Trust Depositor, the Issuer, and the Indenture Trustee any failure
on its part to hold the Contract Files and maintain its accounts, records and
computer systems as herein provided and promptly take appropriate action to
remedy any such failure.

               (b)    ACCESS TO RECORDS. Subject only to the Custodian's
security requirements applicable to its own employees having access to similar
records held by the Custodian, the Custodian shall permit the Indenture Trustee
or its duly authorized representatives, attorneys or auditors to inspect the
Contract Files and the related accounts, records and computer systems maintained
by the Custodian pursuant hereto at such times as the Indenture Trustee may
reasonably request. The Custodian shall implement or maintain policies and
procedures in writing and signed by a Servicing Officer with respect to persons
authorized to have access to the Contract Files on the

                                      -4-
<PAGE>   5

Custodian's premises and with respect to the receipting for Contract Files taken
from their storage area by an employee of the Custodian for purposes of
servicing or any other purposes.

               (c)    RELEASE OF DOCUMENTS. Upon instruction from the Indenture
Trustee, the Custodian shall release any Contract File to the Indenture Trustee,
the Indenture Trustee's agent, or the Indenture Trustee's designee, as the case
may be, at such place or places as the Indenture Trustee may designate, as soon
as practicable and upon the release and delivery of any such document in
accordance with the instructions of the Indenture Trustee, the Custodian shall
be released from any further liability and responsibilities under this Custodian
Agreement with respect to such documents unless and until such time as such
document may be returned to the Custodian.

               (d)    ADMINISTRATION; REPORTS. In general, the Custodian shall
attend to all non-discretionary details in connection with maintaining custody
of the Contract Files on behalf of the Indenture Trustee. In addition, the
Custodian shall assist the Indenture Trustee generally in the preparation of
routine reports to regulatory bodies, to the extent necessitated by the
Custodian's custody of the Contract Files.

               (e)    MAINTAINING THE ISSUER'S PERFECTED SECURITY INTEREST. The
Custodian will take all action necessary to maintain the perfection of the
Issuer's interest in the Contracts and the proceeds thereof. For all purposes of
Article Four of the Agreement, the Trustees shall be deemed to have possession
of the Contract Files for purposes of Section 9-305 of the Uniform Commercial
Code of the State in which the Contract Files are located.

               4.     INSTRUCTIONS; AUTHORITY TO ACT. The Custodian shall be
deemed to have received proper instructions with respect to the Contract Files
upon its receipt of written instructions signed by a Responsible Officer of the
Indenture Trustee. A certified copy of a bylaw or of a resolution of the Board
of Directors of the Indenture Trustee may be received and accepted by the
Custodian as conclusive evidence of the authority of any such officer to act and
may be considered as in full force and effect until receipt of written notice to
the contrary by the Indenture Trustee. Such instructions may be general or
specific in terms.

               5.     INDEMNIFICATION BY THE CUSTODIAN. The Custodian agrees to
indemnify the Trust Depositor, the Issuer and the Indenture Trustee and its
officers, directors, agents and employees for any and all liabilities,
obligations, losses, damages, payments, costs or expenses of any kind
whatsoever, including, without limitation, fees and expenses of counsel, that
may be imposed on, incurred by or asserted against the

                                      -5-
<PAGE>   6

Trust Depositor, the Issuer and the Indenture Trustee as the result of any act
or omission in any way relating to the maintenance and custody by the Custodian
of the Contract Files; provided, however, that the Custodian shall not be liable
to the Trust Depositor, the Issuer or the Indenture Trustee for any portion of
any such amount resulting from the willful misfeasance, bad faith or negligence
of the Trust Depositor, the Issuer or the Indenture Trustee. This Section 5
shall survive the termination of the Custodian Agreement and the earlier removal
or resignation of the Indenture Trustee.

               6.     ADVICE OF COUNSEL. The Custodian, the Trust Depositor and
the Indenture Trustee further agree that the Custodian shall be entitled to rely
and act upon advice of counsel with respect to its performance hereunder and
shall be without liability for any action reasonably taken pursuant to such
advice, provided that such action is not in violation of applicable federal or
state law.

               7.     EFFECTIVE PERIOD, TERMINATION AND AMENDMENT AND
INTERPRETIVE AND ADDITIONAL PROVISIONS. This Custodian Agreement shall become
effective as of the Cutoff Date and shall continue in full force and effect
until terminated pursuant to this Section. If OCAI shall resign as Servicer in
accordance with the provisions of the Agreement or if all of the rights and
obligations of any Servicer shall have been terminated under Article Eight of
the Agreement, the appointment of OCAI as custodian shall be terminated by the
Indenture Trustee or by the Holders of Notes in the same manner as the Indenture
Trustee or such Holders may terminate the rights and obligations of the Servicer
under Article Eight of the Agreement. The Indenture Trustee may terminate OCAI's
appointment as custodian, with cause, at any time upon written notification to
OCAI, and without cause upon 30 days' prior written notification to OCAI and the
Rating Agencies. As soon as practicable after any termination of such appoint
ment, OCAI shall deliver the Contract Files to the Indenture Trustee or the
Indenture Trustee's agent at such place or places as the Indenture Trustee may
reasonably designate. If OCAI shall be terminated as custodian hereunder for any
reason but shall continue to serve as Servicer, the Indenture Trustee shall, or
shall cause its agent to, make the Contract Files available to OCAI during
normal business hours upon reasonable notice so as to permit OCAI to perform its
obligations as Servicer hereunder.

               8.     GOVERNING LAW.  This Custodian Agreement shall be governed
by, and construed in accordance with, the laws of the State of New York.

               9.     NOTICES.  All demands, notices and communications
hereunder shall be in writing, personally delivered or mailed by certified
mail-return receipt requested, and shall be deemed to have been duly given upon
receipt (a) in the case of the Custodian, at the following address: ORIX Credit
Alliance, Inc., 300 Lighting Way, Secaucus, New Jersey 07096, Attn: Executive
Vice President-Finance, (b) in the case of the Indenture Trustee, at the
following address: The Bank of New York,

                                      -6-
<PAGE>   7

[______________________], Attn: [______________________], Fax number:
[______________________] and (c) in the case of the Trust Depositor, at the
following address: ORIX Credit Alliance Receivables Corporation III, 300
Lighting Way, Secaucus, New Jersey 07096, Attn: President, or at such other
address as shall be designated by such party in a written notice to the other
party.

               10.    BINDING EFFECT.  This Custodian Agreement shall be binding
upon and shall inure to the benefit of the Trust Depositor, the Indenture
Trustee, the Custodian and their respective successors and assigns.

                                      -7-
<PAGE>   8

               IN WITNESS WHEREOF, each of the parties hereto has caused this
Custodian Agreement to be executed in its name and on its behalf by a duly
authorized officer as of the day and year first above written.

                                        ORIX CREDIT ALLIANCE, INC.,
                                        as Custodian

                                        By:

                                           Name:  Joseph J. McDevitt, Jr.
                                           Title:  Executive Vice President

                                        THE BANK OF NEW YORK, not in its
                                        individual capacity but solely as
                                        Indenture Trustee

                                        By:

                                           Name:
                                           Title:

                                        ORIX CREDIT ALLIANCE RECEIVABLES
                                        2000-B CORPORATION, as Trust Depositor

                                        By:

                                           Name:
                                           Title:

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