Document:

<PAGE>
                                                                     Exhibit 4.8

                             CDF FINANCING, L.L.C.,
                                 as Transferor,

                 GE COMMERCIAL DISTRIBUTION FINANCE CORPORATION,
                                  as Servicer,

                                       and

                            WILMINGTON TRUST COMPANY,

                                   as Trustee

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

                           SERIES 2004-NTC SUPPLEMENT

                              Dated as of [ ], 2004

                                       to

              AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT

                            Dated as of April 1, 2000

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

             DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST
                                 SERIES 2004-NTC

                                                      Series 2004-NTC Supplement

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
ARTICLE I       CREATION OF THE SERIES 2004-NTC CERTIFICATE...............................................      1

         SECTION 1.1    DESIGNATION.......................................................................      1

ARTICLE II      Definitions...............................................................................      1

         SECTION 2.1    DEFINITIONS.......................................................................      1

ARTICLE III     Servicing Fee.............................................................................      9

         SECTION 3.1    Servicing Compensation............................................................      9

         SECTION 3.2    Servicer Advances................................................................      10

ARTICLE IV      RIGHTS OF SERIES 2004-NTC CERTIFICATEHOLDER AND ALLOCATION AND APPLICATION OF
                COLLECTIONS..............................................................................      10

         SECTION 4.1    Allocations; Payments to Transferor..............................................      10

         SECTION 4.2    Monthly Interest; Determination of Certificate Rate..............................      10

         SECTION 4.3    Determination of Monthly Principal...............................................      11

         SECTION 4.4    Establishment of [Reserve Fund and] Funding Accounts.............................      11

         SECTION 4.5    Deficiency Amount................................................................      13

         SECTION 4.6    Application of Investor Non-Principal Collections, Investment Proceeds,
                        Servicer Advances and Available Investor Principal Collections...................      14

         SECTION 4.7    Payments to Series 2004-NTC Certificateholder....................................      15

         SECTION 4.8    Application of Reserve Fund......................................................      16

         SECTION 4.9    Investor Charge-Offs.............................................................      16

         SECTION 4.10   Transferor Amount................................................................      17

         SECTION 4.11   Excess Principal Collections.....................................................      17

ARTICLE V       PAYMENT AND REPORTS TO SERIES 2004-NTC CERTIFICATEHOLDER.................................      17

         SECTION 5.1    Payments.........................................................................      17

         SECTION 5.2    Reports and Statements to Series 2004-NTC Certificateholder......................      17

ARTICLE VI      EARLY AMORTIZATION EVENTS................................................................      18

         SECTION 6.1    Additional Early Amortization Events.............................................      18

ARTICLE VII     OPTIONAL REPURCHASE......................................................................      19

         SECTION 7.1   Optional Repurchase...............................................................      19

ARTICLE VIII    FINAL PAYMENTS...........................................................................      20
</TABLE>

                                       -i-            Series 2004-NTC Supplement

<PAGE>

                               TABLE OF CONTENTS
                                  (continued)

<TABLE>
<CAPTION>
                                                                                                             PAGE
<S>                                                                                                          <C>
         SECTION 8.1    Sale of Certificateholder's Interest Pursuant to Section 2.3 of the
                        Agreement; Payments Pursuant to Section 7.1 of this Series Supplement or
                        Section 2.3 or 12.2(c) of the Agreement..........................................      20

         SECTION 8.2    Payment of Proceeds of Sale, Disposition or Liquidation of the
                        Receivables Pursuant to Section 9.2 of the Agreement.............................      20

ARTICLE IX      MISCELLANEOUS PROVISIONS.................................................................      21

         SECTION 9.1    Securities Law Filings...........................................................      21

         SECTION 9.2    Ratification of Agreement........................................................      21

         SECTION 9.3    Counterparts.....................................................................      21

         SECTION 9.4    Governing Law....................................................................      21

         SECTION 9.5    [reserved].......................................................................      21

         SECTION 9.6    The Trustee; Paying Agent; Transfer Agent and Registrar..........................      21

         SECTION 9.7    Instructions in Writing..........................................................      22

         SECTION 9.8    [Initial Funding of Reserve Fund.................................................      22

         SECTION 9.9    Severability; Certificate Rate Limitation........................................      22

         SECTION 9.10   Headings.........................................................................      22

EXHIBIT A                  FORM OF NOTE TRUST CERTIFICATE
EXHIBIT B                  FORM OF PAYMENT DATE STATEMENT

SCHEDULE 1                 SERIES 2004-NTC ACCOUNTS
</TABLE>

                                      -ii-            Series 2004-NTC Supplement
<PAGE>

      SERIES 2004-NTC SUPPLEMENT dated as of [ ], 2004 (this "Series
Supplement"), among CDF FINANCING, L.L.C., a Delaware limited liability company,
as Transferor, GE COMMERCIAL DISTRIBUTION FINANCE CORPORATION, a Nevada
corporation, as Servicer, and WILMINGTON TRUST COMPANY, as successor to The
Chase Manhattan Bank, as Trustee.

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

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

                                    ARTICLE I

                   Creation of the Series 2004-NTC Certificate

      SECTION 1.1 Designation.

      (a) There is hereby created a Series of Investor Certificates to be issued
pursuant to the Agreement and this Series Supplement to be known as the "Note
Trust Certificate" or the "Series 2004-NTC Certificate", which shall consist of
one Class.

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

                                   ARTICLE II

                                   Definitions

      SECTION 2.1 Definitions.

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

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

      "Accumulation Period Commencement Date" shall mean the first day of the
calendar month which is the fifth calendar month prior to the calendar month in
which the Expected Final Payment Date occurs; provided, however, that upon
written notice to the Trustee, the Servicer may elect to postpone the
Accumulation Period Commencement Date so that the number of

                                                      Series 2004-NTC Supplement
<PAGE>

months included in the Accumulation Period shall equal or exceed the
Accumulation Period Length; provided, further, that such election shall only be
permitted if the Accumulation Period Length is less than five months and that
the Accumulation Period Commencement Date shall not be postponed beyond the
first day of the calendar month which is the second calendar month prior to the
calendar month in which the Expected Final Payment Date occurs.

      "Accumulation Period Length" shall mean, as determined by the Servicer on
each Determination Date, beginning with the Determination Date occurring in the
calendar month which is the sixth calendar month prior to the calendar month in
which the Expected Final Payment Date occurs, the number of calendar months that
the Servicer expects to be required so that sufficient funds are on deposit in
the Principal Funding Account no later than the Expected Final Payment Date to
pay the outstanding principal balance of the Series 2004-NTC Certificate, based
on (a) the expected monthly collections of Principal Receivables expected to be
distributable to the Series 2004-NTC Certificateholder assuming a principal
payment rate no greater than the lowest Monthly Payment Rate on the Receivables
for the preceding three months, so that, for example, if the lowest Monthly
Payment Rate for that preceding three month period is 50% or more, the number of
calendar months required would be two; if the lowest Monthly Payment Rate for
that preceding three month period is between 33.33% and 50%, the number of
calendar months required would be three; if the lowest Monthly Payment Rate for
that preceding three month period is between 25% and 33.33%, the number of
calendar months required would be four; and if the lowest Monthly Payment Rate
for that preceding three month period is between 20% and 25%, the number of
calendar months required would be five; and (b) the amount of principal expected
to be distributable to Investor Certificateholders of other Series which are
expected to be in their accumulation or amortization periods during the
Accumulation Period; provided, that in the event that no other Series are
expected to be in their accumulation or amortization periods during the
Accumulation Period, then the Servicer shall have the right to designate a
shorter Accumulation Period Length than would be otherwise required by this
definition of Accumulation Period Length.

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

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

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

      "Allocable Miscellaneous Payments" shall mean, with respect to any Payment
Date, the product of (a) a fraction, the numerator of which is the Series
2004-NTC Allocation Percentage for the related Collection Period and the
denominator of which is the sum of the series allocation percentages for all
Series not in their revolving periods, and (b) Miscellaneous Payments with
respect to the related Collection Period.

      "Available Investor Principal Collections" shall mean, with respect to any
Payment Date, the sum of (a) an amount equal to Investor Principal Collections
for such Payment Date, (b) Allocable Miscellaneous Payments with respect to such
Payment Date, and (c) on the Termination Date, any funds in the Reserve Fund
after giving effect to Section 4.8.

                                        2             Series 2004-NTC Supplement
<PAGE>

      ["Certificate Rate" shall mean, for an Interest Period and the Payment
Date immediately following such Interest Period, a rate per annum equal to LIBOR
plus [ ] basis points ([ ]%) per annum.]

      "Closing Date" shall mean [ ], 2004.

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

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

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

      "Current Payment Date" shall have the meaning specified in Section 4.5.

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

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

      "Early Amortization Period" shall mean an Early Amortization Period (as
defined in the Agreement) with respect to Series 2004-NTC.

      "Excess Principal Collections" shall have the meaning specified in Section
4.6(b).

      "Expected Final Payment Date" shall mean the [July 2006] Payment Date.

      "Floating Allocation Percentage" shall mean, with respect to any
Collection Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Invested Amount as of
the last day of the immediately preceding Collection Period and the denominator
of which is the Unconcentrated Pool Balance as of such last day; provided,
however, for the Collection Period in which the Closing Date occurs, the
Floating Allocation Percentage shall mean the percentage equivalent of a
fraction, the numerator of which is the sum of the initial principal balance of
the Series 2004-NTC Certificate and the denominator of which is the
Unconcentrated Pool Balance on the last day of the Collection Period immediately
preceding the Closing Date.

      "Initial Invested Amount" shall mean, for any date, the result of (a) the
Pool Balance (as defined in the Agreement), minus (b) the aggregate Invested
Amount (as defined in the

                                        3             Series 2004-NTC Supplement
<PAGE>

Agreement) of all Series (other than Series 2004-NTC) then outstanding, minus
(c) the Required Participation Amount (as defined in the Agreement).

      "Initial Servicer" shall mean CDF.

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

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

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

      "Invested Amount" shall mean, for any date, an amount equal to (i) the
Initial Invested Amount, minus (ii) the aggregate amount of Monthly Principal
paid to the Series 2004-NTC Certificateholder prior to such date, minus (iii)
the aggregate amount of all unreimbursed Investor Charge-Offs; provided, that
the Invested Amount shall not be less than zero [and shall not be greater than
six billion dollars ($6,000,000,000)].

      "Investment Proceeds" shall mean, with respect to any Payment Date, all
interest and other investment earnings (net of losses and investment expenses)
on the related Determination Date on funds on deposit in the Series 2004-NTC
Accounts, together with an amount equal to the Series 2004-NTC Allocation
Percentage of the interest and other investment earnings (net of losses and
investment expenses) on funds held in the Collection Account credited as of the
related Determination Date to the Collection Account pursuant to Section 4.2 of
the Agreement.

      "Investor Certificateholder" shall have the meaning specified in the
Agreement.

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

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

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

      "Investor Principal Collections" shall mean, with respect to any Payment
Date, the sum of (a) the product of (i) the Floating Allocation Percentage, with
respect to the Revolving Period, or the Principal Allocation Percentage, with
respect to the Accumulation Period or an Early Amortization Period, for the
related Collection Period (or the portion of the Collection Period which occurs
as part of the first Collection Period during an Early Amortization Period), and
(ii) Principal Collections for the related Collection Period after giving effect
to any allocations to the Dealer Overconcentration Series for such Collection
Period and (b) the amount, if any, of

                                        4             Series 2004-NTC Supplement
<PAGE>

Non-Principal Collections to be allocated with respect to the Investor Default
Amount or unreimbursed Investor Charge-Offs pursuant to Section 4.6(a)(iv) or
4.6(a)(v); provided, that in the case of clause (a), if for any Payment Date the
sum of the Floating Allocation Percentage (if the Revolving Period is in
effect), the Principal Allocation Percentage (if the Early Amortization Period
or the Accumulation Period is in effect), the floating allocation percentages
for all other outstanding Series of Investor Certificates in their revolving
periods and the principal allocation percentages for all other outstanding
Series of Investor Certificates in their early amortization or accumulation
periods exceeds 100%, then, after giving effect to any allocations to the Dealer
Overconcentration Series, Principal Collections shall be allocated among all
Series (including Series 2004-NTC) pari passu and pro rata on the basis of such
floating allocation percentages and principal allocation percentages.

      ["LIBOR" shall mean, with respect to any Interest Period, the offered
rates for deposits in United States dollars having a maturity of one month (the
"Index Maturity") commencing on the related Adjustment Date which appears on the
Telerate Page 3750 as reported by Bloomberg Financial Markets Commodities News
(or other such page as may replace Telerate Page 3750 for the purpose of
displaying comparable rates) as of approximately 11:00 A.M., London time, on the
date of calculation as determined by the Trustee. If at least two such offered
rates appear on the Telerate Page 3750, LIBOR shall be the arithmetic mean
(rounded upwards, if necessary, to the nearest seven decimals) of such offered
rates. If fewer than two such offered rates appear, LIBOR with respect to such
Interest Period shall be determined at approximately 11:00 A.M., London time, on
such Adjustment Date on the basis of the rate at which deposits in United States
dollars having the Index Maturity are offered to prime banks in the London
interbank market by four major banks in the London interbank market selected by
the Trustee and in a principal amount equal to an amount of not less than U.S.
$1,000,000 and that is representative for a single transaction in such market at
such time. The Trustee shall request the principal London office of each of such
banks to provide a quotation of its rate. If at least two such banks quote rates
to the Trustee, LIBOR shall be the arithmetic mean (rounded upwards, if
necessary, as aforesaid) of such quotations. If fewer than two of such banks
quote rates to the Trustee, LIBOR with respect to such Interest Period shall be
the arithmetic mean (rounded upwards, if necessary, as aforesaid) of the rates
quoted at approximately 11:00 A.M., New York City time, on such Adjustment Date
by three major banks in New York, New York selected by the Trustee for loans in
United States dollars to leading European banks having the Index Maturity and in
a principal amount equal to an amount of not less than U.S. $1,000,000 and that
is representative for a single transaction in such market at such time;
provided, however, that if the banks selected as aforesaid are not providing
quotations as mentioned in this sentence, LIBOR in effect for the applicable
period shall be LIBOR in effect for the previous period.]

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

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

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

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

                                        5             Series 2004-NTC Supplement
<PAGE>

      "Note Trust" shall mean GE Dealer Floorplan Master Note Trust, a Delaware
statutory trust.

      "Note Trust Certificate" shall have the meaning specified in Section
1.1(a).

      "Payment Date" shall mean the fifteenth day of each month or, if such day
is not a Business Day, the next succeeding Business Day.

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

      ["Pool Factor" shall mean, with respect to any Determination Date, a
number carried out to eleven decimals representing the ratio of the [Invested
Amount] of the Series 2004-NTC Certificate as of such Determination Date
(determined after taking into account any reduction in the [Invested Amount] of
the Series 2004-NTC Certificate which shall occur on the following Payment Date)
to the [Invested Amount] of the Series 2004-NTC Certificate on the Closing Date.

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

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

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

      "Required Participation Percentage" shall mean, with respect to Series
2004-NTC, [ ] percent ([ ]%); provided, however, that the Transferor may, upon
ten (10) days' prior notice to the Trustee, each Rating Agency and any
Enhancement Provider, reduce the Required Participation Percentage to a
percentage which shall not be less than 100%; provided, further, however, that
the Rating Agency Condition is satisfied.

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

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

      ["Reserve Fund Required Amount" shall mean, with respect to any Payment
Date, an amount equal to the product of (a) [ ] percent ([ ]%) and (b) the
aggregate outstanding principal balance of the Series 2004-NTC Certificate as of
such Payment Date (after giving effect to any changes therein on such Payment
Date).]

                                        6             Series 2004-NTC Supplement
<PAGE>

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

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

      "Series 2004-NTC" shall mean the Series of Investor Certificates, the
terms of which are specified in this Series Supplement.

      "Series 2004-NTC Accounts" shall have the meaning specified in Section
4.4(e).

      "Series 2004-NTC Allocation Percentage" for a Collection Period shall mean
the percentage equivalent of a fraction, the numerator of which is the Invested
Amount on the last Business Day of the Collection Period immediately preceding
such Collection Period and the denominator of which is the Trust Invested Amount
on such last Business Day. The Series 2004-NTC Allocation Percentage is the
"Series Allocation Percentage" for Series 2004-NTC for purposes of the
Agreement.

      "Series 2004-NTC Certificateholder" shall mean initially, CDF Funding,
Inc., a Delaware corporation, and, after giving effect to the transfer of the
Series 2004-NTC Certificate by CDF Funding, Inc. to the Note Trust, shall mean
the Note Trust.

      "Series 2004-NTC Certificateholder's Interest" shall mean that portion of
the Certificateholders' Interest evidenced by the Series 2004-NTC Certificate.

      "Series 2004-NTC Certificate" shall mean the Series 2004-NTC Certificate
executed by the Transferor and authenticated by the Trustee, substantially in
the form of Exhibit A.

      "Series 2004-NTC Excess Principal Collection" shall mean that portion of
Excess Principal Collections allocated to Series 2004-NTC pursuant to Section
4.11.

      "Series 2004-NTC Monthly Servicing Fee" shall have the meaning specified
in Section 3.1.

      "Series 2004-NTC Principal Shortfall" with respect to any Payment Date,
shall equal the excess of (i) (x) for any Payment Date with respect to the
Accumulation Period, the Controlled Deposit Amount or (y) for any Payment Date
with respect to an Early Amortization Period, the Invested Amount, over (ii)
Available Investor Principal Collections for such Payment Date (excluding any
portion thereof attributable to Excess Principal Collections).

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

      "Servicing Fee Rate" shall mean, with respect to Series 2004-NTC, [ ]
percent ([ ]%).

                                        7             Series 2004-NTC Supplement
<PAGE>

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

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

      "Termination Date" for Series 2004-NTC shall mean the [July 2008] Payment
Date.

      "Termination Proceeds" shall mean any proceeds arising out of a sale of
Receivables (or interests therein) pursuant to Section 12.2(c) of the Agreement
with respect to Series 2004-NTC.

      "Transferor" shall mean CDF Financing, L.L.C. and its successors.

      "Transferor Amount" shall mean, with respect to any Payment Date, the
amount, if any, specified pursuant to Section 4.6(a)(vi) with respect to such
Payment Date.

      "Transferor's Interest" shall mean the interest in the Trust not allocated
to the Certificateholders' Interest.

      (b) Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, the term "Rating Agency" shall mean, whenever used in this Series
Supplement or the Agreement with respect to Series 2004-NTC, [Standard & Poor's,
Moody's and Fitch]. As used in this Series Supplement and in the Agreement with
respect to Series 2004-NTC, "highest investment category" shall mean [(i) in the
case of Standard & Poor's, AAA and A-1+, as applicable, (ii) in the case of
Moody's, Aaa and P-1, as applicable, and (iii) in the case of Fitch, AAA and
F-1+, as applicable].

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

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

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

                                        8             Series 2004-NTC Supplement
<PAGE>

                                   ARTICLE III

                                  Servicing Fee

      SECTION 3.1 Servicing Compensation.

      (a) A monthly servicing fee for Series 2004-NTC (the "Monthly Servicing
Fee") shall be payable to the Servicer, in arrears, on each Payment Date in
respect of any Collection Period (or portion thereof) occurring prior to the
first Payment Date on which the Invested Amount is zero, in an amount equal to
one-twelfth of the product of (a) the Servicing Fee Rate and (b) the product of
(i) the Series 2004-NTC Allocation Percentage and (ii) the Pool Balance as of
the last day of the second Collection Period preceding such Payment Date. The
share of the Monthly Servicing Fee allocable to the Series 2004-NTC
Certificateholder with respect to any Payment Date (the "Series 2004-NTC Monthly
Servicing Fee") shall be equal to one-twelfth of the product of (a) the
Servicing Fee Rate and (b) the Invested Amount as of the last day of the second
Collection Period preceding such Payment Date and shall be payable in the manner
set forth in Section 4.6 and Section 4.10; provided, however, that with respect
to the first Payment Date for Series 2004-NTC, clause (b) of this sentence shall
be deemed to refer to the Invested Amount on the Closing Date. Notwithstanding
the foregoing, with respect to the first Payment Date for Series 2004-NTC, each
reference in the preceding sentences of this Section to one-twelfth shall be
deemed to be replaced by a fraction, the numerator of which is the number of
days from but excluding the Closing Date to and including the last day of the
month in which the Closing Date occurs and the denominator of which is 360.

      (b) The remainder of the Monthly Servicing Fee shall be paid by the
Transferor and in no event shall the Trust, the Trustee or the Series 2004-NTC
Certificateholder be liable for the share of the Monthly Servicing Fee to be
paid by the Transferor; and the remainder of the Servicing Fee shall be paid by
the Transferor and the Investor Certificateholders of other Series, the Trustee
and the Series 2004-NTC Certificateholder shall in no event be liable for the
share of the Servicing Fee to be paid by the Transferor or the Investor
Certificateholders of other Series. The Series 2004-NTC Monthly Servicing Fee
shall be payable to the Servicer solely to the extent amounts are available for
payment in accordance with the terms of this Series Supplement or to the extent
that amounts may be netted with respect thereto in accordance with the terms of
this Series Supplement or the Agreement.

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

                                        9             Series 2004-NTC Supplement
<PAGE>

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

      SECTION 3.2 Servicer Advances. On or before each Payment Date, the
Servicer will have the right, but not the obligation, to deposit into the
Collection Account as an advance (a "Servicer Advance") an amount equal to the
amount of interest due but unpaid on any Receivable for the related Collection
Period (but only to the extent that the Servicer reasonably expects to recover
that Servicer Advance from subsequent payments on that delinquent Receivable).
No Servicer Advance shall be made by the Servicer for the principal portion of
the Receivables or for Defaulted Receivables. The Servicer shall reimburse
itself for a Servicer Advance on the subsequent Determination Date or Payment
Date (and, if necessary, on other Determination Dates or Payment Dates) out of
funds collected on all Receivables prior to the deposit of funds in the
Collection Account.

                                   ARTICLE IV

                 Rights of Series 2004-NTC Certificateholder and
                    Allocation and Application of Collections

      SECTION 4.1 Allocations; Payments to Transferor.

      (a) Subject to Section 4.3(c) of the Agreement, and after giving effect to
any allocations to the Dealer Overconcentration Series, Collections of
Non-Principal Receivables and Principal Receivables, Miscellaneous Payments and
Defaulted Amounts, as they relate to Series 2004-NTC, shall be allocated and
distributed as set forth in this Article IV.

      (b) The Servicer shall instruct the Trustee to withdraw from the
Collection Account and pay (and the Trustee shall so withdraw and pay) to the
Transferor on each Deposit Date any funds not required to be held therein (or
not required to be transferred from the Collection Account to a deposit account
for the benefit of Investor Certificateholders of any Series).

      The withdrawals to be made from the Collection Account pursuant to this
Section 4.1(b) do not apply to deposits into the Collection Account that do not
represent Collections, including Miscellaneous Payments, payment of the purchase
price for the Certificateholders' Interest pursuant to Section 2.3 of the
Agreement, payment of the purchase price for the Series 2004-NTC
Certificateholder's Interest pursuant to Section 7.1 of this Series Supplement
and proceeds from the sale, disposition or liquidation of Receivables pursuant
to Section 9.2 or 12.2 of the Agreement.

      SECTION 4.2 [Monthly Interest; Determination of Certificate Rate.

      (a) "Monthly Interest" with respect to the Series 2004-NTC Certificate on
any Payment Date shall be an amount equal to the product of (i) the Certificate
Rate, (ii) a fraction

                                       10             Series 2004-NTC Supplement
<PAGE>

the numerator of which is the actual number of days in the related Interest
Period and the denominator of which is 360, and (iii) (A) the Invested Amount as
of the close of business on the preceding Payment Date (after giving effect to
all Monthly Principal paid to the Series 2004-NTC Certificateholder on such
preceding Payment Date, if any) or (B) in the case of the first Payment Date
with respect to Series 2004-NTC, the Invested Amount as of the Closing Date.
Interest on the Invested Amount shall be payable to the Series 2004-NTC
Certificateholder on each Payment Date.

      On the Determination Date preceding each Payment Date, the Servicer shall
determine the excess, if any (the "Interest Shortfall"), of (x) the Monthly
Interest for the Interest Period applicable to such Payment Date over (y) the
amount which shall be available to be paid to the Series 2004-NTC
Certificateholder as Monthly Interest from the Interest Funding Account on such
Payment Date pursuant to this Series Supplement. "Additional Interest" shall
mean, as of any Payment Date, an amount equal to the product of (i) the
Certificate Rate for the Interest Period then ended, (ii) a fraction the
numerator of which is the actual number of days in that Interest Period and the
denominator of which is 360, and (iii) the Interest Shortfall, if any, for the
previous Payment Date. Notwithstanding anything to the contrary herein,
Additional Interest shall be payable to the Interest Funding Account or
distributed to the Series 2004-NTC Certificateholder only to the extent
permitted by applicable law.

      (b) The Trustee shall determine the Certificate Rate for each Interest
Period on the Determination Date immediately preceding each Interest Period. The
Trustee shall notify the Servicer and the Listing Agent on each Adjustment Date
of the Trustee's determination of LIBOR. The establishment of LIBOR on each
Adjustment Date (or in the case of the date specified in the proviso to the
definition of Adjustment Date, promptly following such date) by the Trustee and
the Trustee's calculation of the Certificate Rate shall (in the absence of
manifest error) be final and binding.]

      SECTION 4.3 Determination of Monthly Principal. The amount of monthly
principal ("Monthly Principal") payable with respect to the Series 2004-NTC
Certificate on each Payment Date with respect to an Early Amortization Period
and the Accumulation Period shall be equal to the Available Investor Principal
Collections with respect to such Payment Date; provided, however, that for each
Payment Date with respect to the Accumulation Period, Monthly Principal, at the
option of the Transferor, may be increased to include amounts otherwise payable
or distributable to the Transferor (including, without limitation, (i) amounts
allocable to other Series but not required to be paid to such other Series on
such Payment Date and not required to be kept in a deposit account for such
other Series after such Payment Date and (ii) Collections otherwise allocable to
the Transferor's Interest) or may be limited to the Controlled Deposit Amount
for such Payment Date; and provided further, however, that Monthly Principal
shall not exceed the Invested Amount of the Series 2004-NTC Certificate.

      SECTION 4.4 Establishment of [Reserve Fund and] Funding Accounts.

      [(a) (i) The Trustee, for the benefit of the Series 2004-NTC
Certificateholder, shall cause to be established and maintained in the name of
the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Reserve
Fund") which shall be identified as the "Reserve Fund for the Distribution
Financial Services Floorplan Master Trust, Series 2004-NTC" and shall bear

                                      11              Series 2004-NTC Supplement
<PAGE>

a designation clearly indicating that the funds deposited therein are held for
the benefit of the Series 2004-NTC Certificateholder.

            (ii) At the direction of the Servicer, funds on deposit in the
      Reserve Fund shall be invested by the Trustee in Eligible Investments
      selected by the Servicer that shall mature so that such funds shall be
      available at the close of business on or before the Business Day next
      preceding the following Payment Date. All Eligible Investments shall be
      held by the Trustee for the benefit of the Series 2004-NTC
      Certificateholder. On each Payment Date, all interest and other investment
      earnings (net of losses and investment expenses) on funds on deposit in
      the Reserve Fund and received prior to such Payment Date shall be applied
      as set forth in Section 4.6(a) of this Series Supplement. Funds deposited
      in the Reserve Fund on the Business Day preceding a Payment Date are not
      required to be invested overnight.]

      [(b) (i) The Trustee, for the benefit of the Series 2004-NTC
Certificateholder, shall establish and maintain in the name of the Trustee, on
behalf of the Trust, an Eligible Deposit Account (the "Interest Funding
Account"), which shall be identified as the "Interest Funding Account for the
Distribution Financial Services Floorplan Master Trust, Series 2004-NTC" and
shall bear a designation clearly indicating that the funds deposited therein are
held for the benefit of the Series 2004-NTC Certificateholder.

            (ii) At the direction of the Servicer, funds on deposit in the
      Interest Funding Account shall be invested by the Trustee in Eligible
      Investments selected by the Servicer that shall mature so that such funds
      shall be available at the close of business on or before the Business Day
      next preceding the following Payment Date. All such Eligible Investments
      shall be held by the Trustee for the benefit of the Series 2004-NTC
      Certificateholder. On each Payment Date, all interest and other investment
      earnings (net of losses and investment expenses) on funds on deposit in
      the Interest Funding Account and received prior to such Payment Date shall
      be applied as set forth in Section 4.6(a) of this Series Supplement. Funds
      deposited in the Interest Funding Account on the Business Day preceding a
      Payment Date are not required to be invested overnight.]

      (c) (i) The Trustee, for the benefit of the Series 2004-NTC
Certificateholder, shall establish and maintain in the name of the Trustee, on
behalf of the Trust, an Eligible Deposit Account (the "Principal Funding
Account"), which shall be identified as the "Principal Funding Account for
Distribution Financial Services Floorplan Master Trust, Series 2004-NTC" and
shall bear a designation clearly indicating that the funds deposited therein are
held for the benefit of the Series 2004-NTC Certificateholder.

            (ii) At the direction of the Servicer, funds on deposit in the
      Principal Funding Account shall be invested by the Trustee in Eligible
      Investments selected by the Servicer that shall mature so that such funds
      shall be available at the close of business on or before the Business Day
      next preceding the following Payment Date. All such Eligible Investments
      shall be held by the Trustee for the benefit of the Series 2004-NTC
      Certificateholder. On each Payment Date all interest and other investment
      earnings (net of losses and investment expenses) on funds on deposit in
      the Principal Funding Account and received prior to such Payment Date
      shall be applied as set forth in Section 4.6(a) of

                                       12             Series 2004-NTC Supplement
<PAGE>

      this Series Supplement. Funds deposited in the Principal Funding Account
      on the Business Day preceding the Expected Final Payment Date are not
      required to be invested overnight.

      (d)   [Reserved.]

      (e) (i) The Trustee shall possess all right, title and interest in and to
all funds on deposit from time to time in, and all Eligible Investments credited
to, [the Reserve Fund, the Interest Funding Account and] the Principal Funding
Account (collectively, the "Series 2004-NTC Accounts") and in all proceeds
thereof. The Series 2004-NTC Accounts shall be under the sole dominion and
control of the Trustee for the benefit of the Series 2004-NTC Certificateholder.
If, at any time, any of the Series 2004-NTC Accounts ceases to be an Eligible
Deposit Account, the Trustee (or the Servicer on its behalf) shall within ten
(10) Business Days (or such longer period, not to exceed thirty (30) calendar
days, as to which each Rating Agency may consent) establish a new Series
2004-NTC Account meeting the conditions specified in paragraph (a)(i), (b)(i) or
(c)(i) above, as applicable, as an Eligible Deposit Account and shall transfer
any cash and/or investments to such new Series 2004-NTC Account. Neither the
Transferor, the Servicer nor any other Person or entity claiming by, through or
under the Transferor, the Servicer or any such other Person or entity shall have
any right, title or interest in, or any right to withdraw any amount from, any
Series 2004-NTC Account, except as expressly provided herein. Schedule 1, which
is hereby incorporated into and made part of this Series Supplement, identifies
each Series 2004-NTC Account by setting forth the account number of each such
account, the account designation of each such account and the name of the
institution with which such account has been established. If a substitute Series
2004-NTC Account is established pursuant to this Section, the Servicer shall
provide to the Trustee an amended Schedule 1, setting forth the relevant
information for such substitute Series 2004-NTC Account.

            (ii) Pursuant to the authority granted to the Servicer in Section
      3.1(a) of the Agreement, the Servicer shall have the power, revocable by
      the Trustee, to make withdrawals and payments or to instruct the Trustee
      to make withdrawals and payments from the Series 2004-NTC Accounts for the
      purposes of carrying out the Servicer's or the Trustee's duties hereunder.

      (f) Unless otherwise agreed to by the Rating Agencies, at no time may
funds on deposit in any Series 2004-NTC Account in an amount greater than 10% of
the outstanding principal balance of the Series 2004-NTC Certificate be invested
in Eligible Investments (other than obligations of the United States government
or investments in a mutual fund that does not have credit concentrations greater
than 10%) of any single entity or its Affiliates.

      (g) Upon payment in full of all amounts payable on the Series 2004-NTC
Certificate pursuant to this Series Supplement, or any earlier date contemplated
by this Series Supplement, any funds remaining on deposit in any Series 2004-NTC
Account shall be paid to the Transferor.

      (h) The Trustee shall not in any way be held liable by reason of any
insufficiency in any Series 2004-NTC Account held by the Trustee resulting from
any investment loss on any Eligible Investment included therein (except to the
extent that the Trustee is the obligor and has defaulted thereon).

                                       13             Series 2004-NTC Supplement
<PAGE>

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

      (a) the sum of

            (i) [the Monthly Interest for the Current Payment Date,]

            (ii) [any Monthly Interest for any prior Payment Dates not
      distributed to the Series 2004-NTC Certificateholder on a prior Payment
      Date,]

            (iii) [Additional Interest, if any, for the Current Payment Date and
      any Additional Interest for any prior Payment Date not distributed to the
      Series 2004-NTC Certificateholder on such prior Payment Date (but only to
      the extent permitted by applicable law),]

            (iv) the Series 2004-NTC Monthly Servicing Fee for the Current
      Payment Date,

            (v) the Investor Default Amount for the Current Payment Date, and

            (vi) the Series 2004-NTC Allocation Percentage of the amount of any
      Adjustment Payment required to be deposited in the Collection Account
      pursuant to Section 3.9(a) of the Agreement with respect to the related
      Collection Period that has not been so deposited as of such Determination
      Date

      exceeds

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

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

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

            (i) first, an amount equal to the Series 2004-NTC Monthly Servicing
      Fee for such Payment Date shall be paid to the Servicer (unless such
      amount has been netted by the Servicer against deposits to the Collection
      Account);

            (ii) [second, an amount equal to the Monthly Interest for such
      Payment Date, plus the amount of any Monthly Interest for any prior
      Payment Dates not paid to the

                                       14             Series 2004-NTC Supplement
<PAGE>

      Series 2004-NTC Certificateholder on such prior Payment Dates plus (but
      only to the extent permitted under applicable law) the amount of any
      Additional Interest for the current Payment Date and, without duplication,
      any Additional Interest previously due but not paid to the Series 2004-NTC
      Certificateholder on prior Payment Dates, shall be deposited to the
      Interest Funding Account;]

            (iii) [third, an amount equal to the Reserve Fund Deposit Amount, if
      any, for such Payment Date shall be deposited in the Reserve Fund;]

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

            (v) fifth, an amount required to reimburse unreimbursed Investor
      Charge-Offs pursuant to Section 4.9 shall be treated as a portion of
      Investor Principal Collections for such Payment Date; and

            (vi) sixth, the balance, if any, shall constitute the "Transferor
      Amount" and shall be allocated and paid as set forth in Section 4.10.

      (b) On each Payment Date with respect to the Revolving Period, the
Servicer shall direct the Trustee in writing, by setting forth the Excess
Principal Collections on the Payment Date Statement, to apply an amount equal to
the Available Investor Principal Collections deposited in the Collection Account
for the related Collection Period ("Excess Principal Collections") in accordance
with Section 4.4 of the Agreement.

      (c) On each Payment Date (x) with respect to the Accumulation Period or
(y) an Early Amortization Period, the Servicer shall direct the Trustee in
writing (by setting forth the applicable amounts on the Payment Date Statement)
to deposit or apply an amount equal to the Available Investor Principal
Collections, from amounts on deposit in the Collection Account, in the following
priority:

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

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

      SECTION 4.7 Payments to Series 2004-NTC Certificateholder.

      (a) The Servicer shall direct the Trustee (by setting forth the amounts in
clause (i) below in the related Payment Date Statement) to make (and the Trustee
shall make) the following payments at the following times from the Interest
Funding Account and the Principal Funding Account:

                                       15             Series 2004-NTC Supplement
<PAGE>

            (i) [on each Payment Date, available amounts on deposit in the
      Interest Funding Account shall be paid to the Series 2004-NTC
      Certificateholder in an amount equal to the sum of (i) the Monthly
      Interest for the current Payment Date, plus (ii) any Monthly Interest that
      was not paid on any prior Payment Date to the Series 2004-NTC
      Certificateholder plus (iii) to the extent permitted under applicable law,
      the amount of any Additional Interest for the current Payment Date and,
      without duplication, any Additional Interest previously due but not paid
      to the Series 2004-NTC Certificateholder; and]

            (ii) on each Special Payment Date (if a Responsible Officer of the
      Trustee has actual knowledge of the Early Amortization Period) and on the
      Expected Final Payment Date, all amounts on deposit in the Principal
      Funding Account shall be paid to the Series 2004-NTC Certificateholder
      until the Invested Amount has been reduced to zero; provided, however,
      that the maximum amount paid pursuant to this clause (ii) on any Payment
      Date shall not exceed the excess, if any, of (x) the Invested Amount, over
      (y) the sum of the unreimbursed Investor Charge-Offs, on such Payment
      Date.

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

      SECTION 4.8 [Application of Reserve Fund.

      (a) If Investor Non-Principal Collections and Investment Proceeds on any
Payment Date (plus the amount of any Servicer Advance for such Payment Date) are
not sufficient to make the entire payments required on such Payment Date by
Sections 4.6(a)(i), (ii) and (iv) the Servicer shall direct the Trustee to
withdraw (and the Trustee shall withdraw) funds from the Reserve Fund to the
extent available therein, and apply such funds to complete the payments pursuant
to Section 4.6(a)(i), (ii) and (iv) in the numerical order thereof.

      (b) On the Termination Date, any funds in the Reserve Fund shall be
treated as Available Investor Principal Collections. Upon payment in full of the
outstanding principal balance of the Series 2004-NTC Certificate, any funds
remaining on deposit in the Reserve Fund shall be paid to the Transferor.]

      SECTION 4.9 Investor Charge-Offs. If on any Payment Date (after giving
effect to the allocations, payments, withdrawals and deposits to be made on such
Payment Date) the balance of the Reserve Fund is zero, then the Invested Amount
shall be reduced by the lesser of the Deficiency Amount for that Payment Date
and the Investor Default Amount for that Payment Date (the lesser of such
Deficiency Amount and such Investor Default Amount being an "Investor
Charge-Off"). Investor Charge-Offs shall thereafter be reimbursed and the
Invested Amount increased (but not by an amount in excess of the aggregate
unreimbursed Investor Charge-Offs) on any Payment Date by the sum of (a)
Allocable Miscellaneous Payments with respect to such Payment Date and (b) the
amount allocated and available for that purpose pursuant to Section 4.6(a)(v).
The Servicer shall be responsible for calculating Investor Charge-Offs and shall
give the Trustee notice thereof by setting forth such amounts in the Payment
Date Statement.

                                       16             Series 2004-NTC Supplement
<PAGE>

      SECTION 4.10 Transferor Amount. The Servicer shall direct the Trustee to
apply (and the Trustee shall so apply), on each Payment Date, the Transferor
Amount for such Payment Date to make the following payments in the following
priority:

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

      (b) the balance, if any, shall be released to the Transferor.

      SECTION 4.11 Excess Principal Collections.

      "Series 2004-NTC Excess Principal Collections", with respect to any
Payment Date, shall mean an amount equal to the lesser of (a) the Series
2004-NTC Principal Shortfall, if any, for such Payment Date and (b) an amount
equal to the product of (x) excess principal collections for all Series for such
Payment Date and (y) a fraction, the numerator of which is the Series 2004-NTC
Principal Shortfall for such Payment Date and the denominator of which is the
aggregate amount of principal shortfalls for all Series for such Payment Date.

                                    ARTICLE V

                             Payment and Reports to

                        Series 2004-NTC Certificateholder

      SECTION 5.1 Payments.

      (a) On each Payment Date, the Trustee as paying agent shall pay to the
Series 2004-NTC Certificateholder on the preceding Record Date (other than as
provided in Section 12.2 of the Agreement with respect to a final payment) the
amounts on deposit in the Series 2004-NTC Accounts.

      (b) Except as provided in Section 12.2 of the Agreement with respect to a
final payment, payments to the Series 2004-NTC Certificateholder hereunder shall
be made by wire transfer or other electronic funds transfer to the Series
2004-NTC Certificateholder at its address appearing in the Certificate Register
without presentation or surrender of the Series 2004-NTC Certificate or the
making of any notation thereon.

      SECTION 5.2 Reports and Statements to Series 2004-NTC Certificateholder.

      (a) At least two (2) Business Days prior to each Payment Date, the
Servicer shall provide to the Trustee and the Rating Agencies a statement
substantially in the form of Exhibit B (a "Payment Date Statement"), and on each
Payment Date the Trustee shall forward to the Series 2004-NTC Certificateholder
such statement prepared by the Servicer setting forth certain information
relating to the Trust and the Series 2004-NTC Certificate.

      (b) A copy of each statement provided pursuant to paragraph (a) and a copy
of the Pooling and Servicing Agreement (without exhibits) and this Series
Supplement shall be made available to Series 2004-NTC Certificateholder for
inspection at the Corporate Trust Office during the Trustee's normal business
hours.

                                       17             Series 2004-NTC Supplement
<PAGE>

      (c) On or before January 31 of each calendar year, beginning with calendar
year 2005, the Trustee shall furnish or cause to be furnished to the Series
2004-NTC Certificateholder, a statement prepared by the Servicer containing the
information which is required to be contained in the statement to the Series
2004-NTC Certificateholder as set forth in paragraph (a) above, together with
other information as is required to be provided by an issuer of indebtedness
under the Internal Revenue Code for the preceding calendar year and such other
customary information as is necessary to enable the Series 2004-NTC
Certificateholder to prepare its tax returns. Such obligation of the Trustee
shall be deemed to have been satisfied to the extent that substantially
comparable information shall be provided by the Trustee pursuant to any
requirements of the Internal Revenue Code as from time to time in effect.

                                   ARTICLE VI

                            Early Amortization Events

      SECTION 6.1 Additional Early Amortization Events. The occurrence of any of
the following events shall, immediately upon the occurrence thereof without
notice or other action on the part of the Trustee or the Series 2004-NTC
Certificateholder, be deemed to be an Early Amortization Event solely with
respect to Series 2004-NTC (each, an "Additional Early Amortization Event"):

      (a) [on any Payment Date, the balance of the Reserve Fund is less than [ ]
percent ([ ]%) of the aggregate outstanding principal balance of the Series
2004-NTC Certificate, in each case after giving effect to all deposits,
withdrawals and payments on such Payment Date; or]

      (b) any Servicer Default occurs; or

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

      (d) [the Invested Amount is not reduced to zero on the Expected Final
Payment Date]; or

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

                                       18             Series 2004-NTC Supplement
<PAGE>

be waived, at the direction of the Transferor and without the consent of the
Series 2004-NTC Certificateholder upon the satisfaction of the Rating Agency
Condition; or

      (f) the sum of all Eligible Investments and amounts on deposit in any
excess funding accounts for any other Series represents more than fifty percent
(50%) of the total assets of the Trust on each of six or more consecutive
Determination Dates, after giving effect to all payments made or to be made on
the Payment Dates relating to (i.e., next succeeding) those Determination Dates;
or

      (g) the Overconcentration Amount exceeds zero for a period of five (5)
Business Days after any Payment Date, unless the Rating Agency Condition shall
have been satisfied with respect to the existence of the Overconcentration
Amount.

                                   ARTICLE VII

                               Optional Repurchase

      SECTION 7.1 Optional Repurchase.

      (a) On any Payment Date occurring after the date on which the Invested
Amount is reduced to less than ten percent (10%) of the initial principal amount
of the Series 2004-NTC Certificate on the Closing Date or less, the Transferor
shall have the option, subject to the condition set forth in paragraph (c), to
purchase the entire, but not less than the entire, Series 2004-NTC
Certificateholder's Interest, at a purchase price equal to the Reassignment
Amount for such Payment Date.

      (b) The Transferor shall give the Servicer and the Trustee at least ten
(10) Business Days' prior written notice of the Payment Date on which the
Transferor intends to exercise such purchase option. Not later than 12:00 noon,
New York City time, on such Payment Date the Transferor shall deposit the
Reassignment Amount into the Collection Account in immediately available funds.
Such purchase option is subject to payment in full of the Reassignment Amount
and if for any reason the Transferor fails to deposit the Reassignment Amount,
payments shall continue to be made to Series 2004-NTC Certificateholder as
provided herein. The Reassignment Amount shall be paid as set forth in Section
8.1(b).

      (c) If at the time the Transferor exercises its purchase option hereunder
the Transferor's unsecured debt is unrated or has a rating lower than the lowest
investment grade rating of any Rating Agency, the Transferor shall deliver to
the Trustee on such Payment Date an Opinion of Counsel (which must be an
independent outside counsel) to the effect that, in reliance on certain
certificates to the effect that the Series 2004-NTC Certificateholder's Interest
purchased by the Transferor constitutes fair value for the consideration paid
therefor and that the Transferor is solvent, the purchase of the Series 2004-NTC
Certificateholder's Interest would not be considered a fraudulent conveyance
under applicable law.

                                       19             Series 2004-NTC Supplement
<PAGE>

                                  ARTICLE VIII

                                 Final Payments

      SECTION 8.1 Sale of Certificateholder's Interest Pursuant to Section 2.3
of the Agreement; Payments Pursuant to Section 7.1 of this Series Supplement or
Section 2.3 or 12.2(c) of the Agreement.

      (a)   The amount to be paid by the Transferor to the Collection Account
with respect to Series 2004-NTC in connection with a purchase of the Series
2004-NTC Certificateholder's Interest pursuant to Section 2.3 of the Agreement
shall equal the Reassignment Amount for the Payment Date on which such
repurchase occurs.

      (b)   With respect to the Reassignment Amount deposited into the
Collection Account pursuant to Section 7.1 or 8.1 of this Series Supplement or
Section 2.3 of the Agreement or any Termination Proceeds deposited into the
Collection Account pursuant to Section 12.2(c) of the Agreement, the Trustee
shall, not later than 12:00 noon, New York time, on the Payment Date on which
such amounts are deposited (or, if such date is not a Payment Date, on the
immediately following Payment Date) (in the priority set forth below): (i)
first, deposit an amount equal to the Invested Amount on such Payment Date into
the Principal Funding Account, (ii) second, deposit an amount equal to the
amount payable on such Payment Date pursuant to Section 4.7(a)(i) into the
Interest Funding Account and (iii) third, pay the remainder of any Termination
Proceeds to the Transferor; provided, however, that the sum of the amounts
allocated pursuant to clauses (i) through (iii) shall not exceed the
Reassignment Amount for Series 2004-NTC.

      (c)   Notwithstanding anything to the contrary in this Series Supplement
or the Agreement, any Termination Proceeds deposited in the Principal Funding
Account and the Interest Funding Account pursuant to Section 8.1 of this Series
Supplement and all other amounts on deposit therein on the applicable Payment
Date shall be paid in full to the Series 2004-NTC Certificateholder in an amount
equal to the sum of (x) the Monthly Interest for the current Payment Date and,
without duplication, any unpaid Monthly Interest for any previous Payment Date,
(y) to the extent permitted by applicable law, any Additional Interest for the
current Payment Date and, without duplication, any unpaid Additional Interest
for any previous Payment Date, and (z) the Invested Amount. Any remaining funds
shall be released to the Transferor.

      Any payment made pursuant to paragraph (b) above and this paragraph (c)
shall be deemed to be a final payment pursuant to Section 12.2 of the Agreement
with respect to Series 2004-NTC.

      SECTION 8.2 Payment of Proceeds of Sale, Disposition or Liquidation of the
Receivables Pursuant to Section 9.2 of the Agreement.

      (a)   Not later than 12:00 noon, New York City time, on the Payment Date
following the date on which the Insolvency Proceeds are deposited into the
Collection Account pursuant to Section 9.2(b) of the Agreement, the Trustee
shall (after giving effect to any deposits and

                                       20             Series 2004-NTC Supplement
<PAGE>

payments otherwise to be made on such Payment Date) (x) deduct an amount equal
to the amount distributable on such Payment Date pursuant to Section 4.7(a)(ii)
from the Series 2004-NTC Allocation Percentage of the Insolvency Proceeds and
deposit such amount in the Principal Funding Account, (y) deduct an amount equal
to the amount payable on such Payment Date pursuant to Section 4.7(a)(i) from
the Series 2004-NTC Allocation Percentage of the Insolvency Proceeds, and
deposit such amount in the Interest Funding Account, and (z) allocate the
remainder of the Series 2004-NTC Allocation Percentage of the Insolvency
Proceeds to the Transferor's Interest and release the same to the Transferor on
such Payment Date.

      (b)   Notwithstanding anything to the contrary in this Series Supplement
or the Agreement, the entire amount deposited in the Principal Funding Account
and the Interest Funding Account pursuant to this Section and all other amounts
on deposit therein shall be distributed in full to the Series 2004-NTC
Certificateholder in the order of priority set forth in Section 4.7 on the
Payment Date on which funds are deposited pursuant to this Section 8.2 (or, if
not so deposited on a Payment Date, on the immediately following Payment Date)
and any payment made pursuant to this Section 8.2 shall be deemed to be a final
payment pursuant to Section 12.2 of the Agreement with respect to Series
2004-NTC.

                                   ARTICLE IX

                            Miscellaneous Provisions

      SECTION 9.1 Securities Law Filings. The Transferor shall cause the Series
2004-NTC Certificate to be registered under the Securities Exchange Act of 1934,
as amended, to the extent required to do so under applicable law.

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

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

      SECTION 9.4 Governing Law. This Series Supplement shall be governed by and
construed in accordance with the internal laws of the State of New York
(including Section 5-1401(1) of the General Obligations Law of the State of New
York, but without regard to any other conflict of law provisions of the State of
New York).

      SECTION 9.5 [Reserved]

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

                                       21             Series 2004-NTC Supplement
<PAGE>

Section 4.2(b) of this Series Supplement; it being agreed and understood that
the corresponding Section 9.6 of any other Supplement shall not limit the
obligations of the Trustee contemplated by the corresponding Section 4.2(b) of
such Supplement.

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

      SECTION 9.8 [Initial Funding of Reserve Fund. On the Closing Date the
Transferor shall cause to be deposited with the Trustee, and the Trustee shall
deposit in the Reserve Fund, available funds in an amount equal to [ ] percent
([ ]%) of the aggregate initial principal balance of the Series 2004-NTC
Certificate.]

      SECTION 9.9 Severability; Certificate Rate Limitation.

      (a)   If any one or more of the covenants, agreements, provisions or terms
of this Series Supplement or the Series 2004-NTC Certificate shall for any
reason whatsoever be held invalid, then such covenants, agreements, provisions
or terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Series Supplement and shall in no way affect the
validity or enforceability of the other provisions of this Series Supplement or
of the Series 2004-NTC Certificate.

      (b)   Notwithstanding anything in this Series Supplement, the Agreement,
or the Series 2004-NTC Certificate to the contrary, if at any time any
Certificate Rate, together with all fees, charges and other amounts which are
treated as interest on the Series 2004-NTC Certificate under applicable law
(collectively the "Charges"), shall exceed the maximum lawful rate (the "Maximum
Rate") which may be contracted for, charged, taken, received or reserved by the
Series 2004-NTC Certificateholder in accordance with the terms of this Series
Supplement, the Agreement or the Series 2004-NTC Certificate, then the
Certificate Rate, together with all Charges payable in respect of the Series
2004-NTC Certificate, shall be limited to the Maximum Rate and, to the extent
lawful, such Certificate Rate and Charges that would have been payable in
respect of the Series 2004-NTC Certificate, but were not payable as a result of
the operation of this Section, shall be cumulated and the Certificate Rate and
Charges payable to the Series 2004-NTC Certificateholder in respect of other
periods shall be increased (but not above the Maximum Rate therefor) until such
cumulated amount shall have been received by the Series 2004-NTC
Certificateholder.

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

                               [SIGNATURES FOLLOW]

                                       22             Series 2004-NTC Supplement
<PAGE>

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

                                         CDF FINANCING, L.L.C.,
                                         as Transferor

                                         By:
                                           _____________________________________
                                         Name:
                                              __________________________________
                                         Title: Manager

                                      S-1             Series 2004-NTC Supplement
<PAGE>

                                         GE COMMERCIAL DISTRIBUTION
                                         FINANCE CORPORATION,
                                         as Servicer

                                         By:
                                           _____________________________________
                                            Name:
                                                 _______________________________
                                            Title:
                                                 _______________________________

                                      S-2             Series 2004-NTC Supplement
<PAGE>

                                         WILMINGTON TRUST COMPANY,
                                         as Trustee

                                         By Deutsche Bank Trust Company Americas
                                         (f/k/a Bankers Trust Company), as Agent

                                         By:
                                           _____________________________________
                                            Name:
                                            Title:

                                      S-3             Series 2004-NTC Supplement
<PAGE>

                                                                       EXHIBIT A

                         FORM OF NOTE TRUST CERTIFICATE

                             NOTE TRUST CERTIFICATE,

                                 SERIES 2004-NTC

              evidencing a fractional undivided interest in certain
                                    assets of

             DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST.

      This certificate ("Certificate") does not represent any interest in, or
obligation of, CDF Financing, L.L.C. ("LLC" or the "Transferor"), GE Commercial
Distribution Finance Corporation ("CDF"), General Electric Capital Corporation,
General Electric Capital Services, Inc. or any affiliate thereof.

      This certifies that [ ] (the "Certificateholder"), is the registered owner
of a fractional undivided interest in assets of the Distribution Financial
Services Floorplan Master Trust (the "Trust") created pursuant to an Amended and
Restated Pooling and Servicing Agreement, dated as of April 1, 2000 (as amended,
the "P&S"), as supplemented by the Series 2004-NTC Supplement dated as of [ ],
2004 (the "Series 2004-NTC Supplement" or the "Series Supplement"), among the
LLC, as Transferor, CDF, as Servicer, and Wilmington Trust Company, as successor
to The Chase Manhattan Bank, as trustee (the "Trustee"). The P&S and the Series
2004-NTC Supplement are collectively referred to herein as the "Pooling and
Servicing Agreement."

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

      THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS
OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401(1) OF THE GENERAL OBLIGATIONS
LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAW
PROVISIONS OF THE STATE OF NEW YORK).

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

                                     Ex.A-1           Series 2004-NTC Supplement
<PAGE>

and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement
shall control in all respects. To the extent not defined herein, the capitalized
terms used herein have the meanings ascribed to them in the Pooling and
Servicing Agreement.

      The Transferor has entered into the Pooling and Servicing Agreement and
the Series 2004-NTC Certificate has been issued with the intention that the
Series 2004-NTC Certificate shall qualify as indebtedness of the LLC secured by
the Receivables for Federal income taxes, state and local income, single
business and franchise taxes (imposed on or measured by income) and any other
taxes imposed on or measured by income. The Transferor, each Beneficiary and the
Certificateholder, by the acceptance of this Certificate, agrees to treat such
Series 2004-NTC Certificate as indebtedness of the Transferor secured by the
Receivables for Federal income taxes, state and local income, single business
and franchise taxes (imposed on or measured by income) and any other taxes
imposed on or measured by income.

                                     Ex.A-2           Series 2004-NTC Supplement
<PAGE>

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

                                         CDF FINANCING, L.L.C.

                                         By:
                                           _____________________________________
                                            Name:
                                                 _______________________________
                                            Title: Manager

Dated:

                                     Ex.A-3           Series 2004-NTC Supplement
<PAGE>

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                         WILMINGTON TRUST COMPANY,
                                         as Trustee

                                         By Deutsche Bank Trust Company Americas
                                         (f/k/a Bankers Trust Company), as Agent

                                         By:
                                           _____________________________________
                                                  Authorized Officer
Dated:

                                     Ex.A-4           Series 2004-NTC Supplement
<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee

__________

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

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

Dated: _____________________________________________________________________   *
                              Signature Guaranteed:

______________

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

                                     Ex.A-5           Series 2004-NTC Supplement
<PAGE>

                                                                       EXHIBIT B

                         FORM OF PAYMENT DATE STATEMENT

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

      (b)   the Floating Allocation Percentage, the Principal Allocation
Percentage and the Series 2004-NTC Allocation Percentage relating to such
Collection Period;

      (c)   the total amount, if any, distributed on the Series 2004-NTC
Certificate;

      (d)   the amount of such payment allocable to principal on the Series
2004-NTC Certificate;

      (e)   [the amount of such payment allocable to interest on the Series
2004-NTC Certificate;]

      (f)   the Investor Default Amount for the applicable Payment Date;

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

      (h)   the amount of the Investor Charge-Offs and the amounts of
reimbursements thereof for the preceding Collection Period;

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

      (j)   the Invested Amount for such Payment Date (after giving effect to
all payments which shall occur on such Payment Date);

      (k)   the Controlled Deposit Amount, if any;

      (l)   the Pool Factor;

      (m)   [LIBOR for the next Interest Period;]

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

      (o)   the Principal Funding Account balance, [the Interest Funding
Account balance,] and the Collection Account balance with respect to the current
Payment Date;

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

      (q)   [any elective or "deemed" waiver of the Monthly Servicing Fee for
the current Payment Date;]

                                     Ex.B-1           Series 2004-NTC Supplement
<PAGE>

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

      (s)   [the Monthly Interest;]

      (t)   [the Additional Interest;]

      (u)   the Series 2004-NTC Monthly Servicing Fee;

      (v)   [the Reserve Fund Deposit Amount];

      (w)   the Investor Default Amount;

      (x)   the Excess Principal Collections;

      (y)   the amounts to be deposited or applied pursuant to Section 4.6(c);

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

      (aa)  the amount calculated pursuant to Section 4.8;

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

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

                                     Ex.B-2           Series 2004-NTC Supplement
<PAGE>

                                                                      SCHEDULE 1

<TABLE>
<CAPTION>
Name of Series
2004-NTC Account                          Account No.
-------------------------                 -----------
<S>                                       <C>
Interest Funding Account                     [ ]
Principal Funding Account                    [ ]
[Reserve Fund]                               [ ]
</TABLE>

[All of the foregoing accounts are maintained at Deutsche Bank Trust Company
Americas.]

                                     Sch.1-1          Series 2004-NTC Supplement<PAGE>

                                                                     Exhibit 4.9

                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.

                                      Buyer

                                      with

                     DEUTSCHE FINANCIAL SERVICES CORPORATION

                                       and

                     DEUTSCHE BUSINESS SERVICES CORPORATION

                                     Sellers

                   RECEIVABLES CONTRIBUTION AND SALE AGREEMENT

                          Dated as of December 1, 1993,

                    Amended and Restated as of March 1, 1994,

                         Amended as of January 24, 1996,

                                       and

                   Amended and Restated as of October 1, 1996

<PAGE>

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

Section 1.1           Definitions...............................................................................      1

Section 1.2           Other Definitional Provisions.............................................................      1

                                                    ARTICLE II
                                            CONVEYANCE OF RECEIVABLES

Section 2.1           Conveyance of Receivables.................................................................      2

Section 2.2           Representations and Warranties of the Sellers Relating to the Sellers and the Agreement...      4

Section 2.3           Representations and Warranties of the Sellers Relating to the Receivables.................      6

Section 2.4           Addition of Accounts......................................................................      8

Section 2.5           Covenants of the Sellers..................................................................      9

Section 2.6           Removal of Eligible Accounts..............................................................     11

Section 2.7           Removal of Ineligible Accounts............................................................     12

Section 2.8           Sale of Ineligible Receivables............................................................     13

                                                   ARTICLE III
                                   ADMINISTRATION AND SERVICING OF RECEIVABLES

Section 3.1           Acceptance of Appointment and Other Matters Relating to the Servicer......................     13

Section 3.2           Servicing Compensation....................................................................     13

                                                    ARTICLE IV
                    RIGHTS OF CERTIFICATEHOLDERS AND ALLOCATION AND APPLICATION OF COLLECTIONS

Section 4.1           Allocations and Applications of Collections and Other Funds...............................     14

                                                    ARTICLE V
                                      OTHER MATTERS RELATING TO THE SELLERS

Section 5.1           Merger or Consolidation of, or Assumption of, the Obligations of the Sellers..............     14

Section 5.2           Sellers' Indemnification of the Buyer.....................................................     14

                                                    ARTICLE VI
                                                   TERMINATION

                      Termination...............................................................................     15
</TABLE>

                                      -i-

<PAGE>

                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                                                                    PAGE
<S>                                                                                                                 <C>
                                                   ARTICLE VII
                                             MISCELLANEOUS PROVISIONS

Section 7.1           Amendment.................................................................................     15

Section 7.2           Protection of Right, Title and Interest to Receivables....................................     17

Section 7.3           Limited Recourse..........................................................................     17

Section 7.4           No Petition...............................................................................     17

Section 7.5           Governing Law.............................................................................     17

Section 7.6           Notices...................................................................................     17

Section 7.7           Severability of Provisions................................................................     18

Section 7.8           Assignment................................................................................     18

Section 7.9           Further Assurances........................................................................     18

Section 7.10          No Waiver; Cumulative Remedies............................................................     18

Section 7.11          Counterparts..............................................................................     18

Section 7.12          Third-Party Beneficiaries.................................................................     18

Section 7.13          Merger and Integration....................................................................     18

Section 7.14          Headings..................................................................................     18

Section 7.15          Continued Effectiveness of the Receivables Contribution and Sale Agreement................     19

Section 7.16          Submission to Jurisdiction................................................................     19
</TABLE>

                                      -ii-
<PAGE>

EXHIBITS

Exhibit A    Form of Assignment of Receivables in Additional Accounts

Exhibit B    Form of Opinion of Counsel regarding Amendments

Exhibit C    Form of Reassignment of Receivables in Removed Accounts

Schedule 1   List of Accounts

                                     -iii-
<PAGE>

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

                               W I T N E S E T H:

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

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

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

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

      NOW THEREFORE, the parties hereto agree as follows:

                                    ARTICLE I

                                   Definitions

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

      Section 1.2 Other Definitional Provisions. (a) The words "hereof",
"herein" and "hereunder" and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of
this Agreement; Article, Section, Schedule, and Exhibit references are
references to Sections, Schedules and Exhibits in or to this Agreement unless
otherwise specified; and the term "including" shall mean "including without
limitation".

<PAGE>

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

                                   ARTICLE II

                            Conveyance of Receivables

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

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

                                       2
<PAGE>

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

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

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

      In connection with such contribution and sales, each Seller further
agrees, at its own expense, on or prior to the first Closing Date, in the case
of Initial Accounts, the applicable Addition Date, in the case of Additional
Accounts, and the applicable Removal Date, in the case of Removed Accounts, (a)
to indicate in its books and records, which may include computer files, that the
Receivables created in connection with the Accounts (other than Removed
Accounts) have been sold, and the Collateral Security and the Floorplan Rights
assigned, to the Buyer pursuant to this Agreement and sold to the Trust pursuant
to the Pooling and Servicing

                                       3
<PAGE>

Agreement for the benefit of the Certificateholders and the other Beneficiaries
and (b) to deliver to the Buyer a computer file or microfiche or written list
containing a true and complete list of all such Accounts (other than Removed
Accounts) specifying for each such Account, as of the Cut-Off Date, in the case
of Initial Accounts, and the applicable Additional Cut-Off Date, in the case of
Additional Accounts, (i) its account number and (ii) the aggregate amount of
Principal Receivables in such Account. Such file or list, as supplemented from
time to time to reflect Additional Accounts and Removed Accounts, shall be
marked as Schedule 1 to this Agreement and is hereby incorporated into and made
a part of this Agreement.

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

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

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

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

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

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

                                       4
<PAGE>

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

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

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

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

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

            (j)   Valid Transfer. This Agreement or, in the case of Additional
      Accounts, the related Assignment constitutes a valid sale, transfer and
      assignment to the Buyer of all right, title and interest of such Seller in
      the Receivables and the Collateral Security and the proceeds thereof. Upon
      the filing of the financing statements described in

                                       5
<PAGE>

      Section 2.1 with the Secretary of State of the State of Missouri and the
      County Recorder of St. Louis County in the State of Missouri with respect
      to DFS and the County Recorder of Cobb County in the State of Georgia, in
      the case of Deutsche BSC and, in the case of the Receivables hereafter
      created and the proceeds thereof, upon the creation thereof, the Buyer
      shall have a first priority perfected ownership interest in such property.
      Except as otherwise provided in the Pooling and Servicing Agreement,
      neither such Seller nor any Person claiming through or under such Seller
      has any claim to or interest in the Trust Assets.

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

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

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

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

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

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

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

                                       6
<PAGE>

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

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

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

      (c)   Repurchase. In the event any representation or warranty under
Section 2.3(a) is not true and correct as of the date specified therein with
respect to any Receivable or Account and the Buyer is, in connection therewith,
required to purchase such Receivable or all Receivables in such Account pursuant
to Section 2.4(c) of the Pooling and Servicing Agreement, then, within 30 days
(or such longer period as may be agreed to by the Buyer) of the earlier to occur
of the discovery of any such event by a Seller or the Buyer, or receipt by
either Seller or the Buyer of written notice of any such event given by the
Trustee or any Enhancement Providers, the applicable Seller shall repurchase the
Receivable or Receivables, if any, of which the Buyer is required to accept
reassignment pursuant to the Pooling and Servicing Agreement on the Business Day
preceding the Determination Date on which such reassignment is to occur.

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

                                       7
<PAGE>

sole remedy respecting the event giving rise to such obligation available to the
Buyer and to the Certificateholders (or the Trustee on behalf of
Certificateholders).

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

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

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

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

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

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

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

                                       8
<PAGE>

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

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

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

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

            (x)   Such Seller shall have delivered to the Trustee and any
      Enhancement Providers (A) an Opinion of Counsel with respect to the
      Receivables in the Additional Accounts added since the last delivery of
      such opinion substantially in the form of Exhibit G-2 to the Pooling and
      Servicing Agreement and (B) except in the case of an addition in
      connection with an addition of Receivables by the Buyer to the Trust
      required by Section 2.5(a) of the Pooling and Servicing Agreement, a Tax
      Opinion with respect to such addition; provided that if such Opinion of
      Counsel and Tax Opinion are required to be delivered, they shall be
      rendered by outside counsel no less frequently than quarterly.

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

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

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

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

                                       9
<PAGE>

      Collateral Security, whether now existing or hereafter created, against
      all claims of third parties claiming through or under such Seller.

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

            (c)   Account Allocations. In the event that such Seller is unable
      for any reason to transfer Receivables to the Buyer, then such Seller
      agrees that it shall allocate, after the occurrence of such event,
      payments on each Account with respect to the principal balance of such
      Account first to the oldest principal balance of such Account and to have
      such payments applied as Collections in accordance with the terms of the
      Pooling and Servicing Agreement. The parties hereto agree that
      Non-Principal Receivables, whenever created, accrued in respect of
      Principal Receivables which have been conveyed to the Buyer and by the
      Buyer to the Trust shall continue to be a part of the Trust
      notwithstanding any cessation of the transfer of additional Principal
      Receivables to the Buyer and Collections with respect thereto shall
      continue to be allocated and paid in accordance with Article IV of the
      Pooling and Servicing Agreement.

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

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

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

            (g)   Concentration of Risk. In order to avoid a concentration of
      the risks associated with participating its extensions of credit to
      Dealers, each Seller may create Participation Interests in its receivables
      to be sold or contributed to the Buyer in the same

                                       10
<PAGE>

      manner and using the same standards as such Seller does in creating
      participation interests in receivables to be retained by such Seller.

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

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

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

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

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

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

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

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

            (v)   on or before the fifth Business Day after the Removal Date,
      furnish to the Trustee a computer file, microfiche list or other list of
      the Removed Accounts that were removed on the Removal Date, specifying for
      each Removed Account as of the date of the Removal Notice its number, the
      aggregate amount outstanding in such Removed

                                       11
<PAGE>

      Account and the aggregate amount of Principal Receivables therein and
      represent that such computer file, microfiche list or other list of the
      Removed Accounts is true and complete in all material respects.

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

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

      Section 2.7 Removal of Ineligible Accounts. (a) On any date on which an
Account becomes an Ineligible Account (which shall be deemed the Removal
Commencement Date with respect to such Account), the applicable Seller shall
commence removal of such Ineligible Account in the manner prescribed in Section
2.7(b).

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

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

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

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

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

            (v)   if such Account was an Ineligible Account at the time it was
      originally designated as an Account, on each Business Day from and after
      such Removal

                                       12
<PAGE>

      Commencement Date to and until the related Removal Date, allocate (A) to
      the Buyer Defaulted Receivables and Collections of Non-Principal
      Receivables and Collections of Non-Principal Receivables in respect of
      each Designated Account, based on the ratio of the aggregate amount of
      Principal Receivables in all Designated Accounts sold to the Buyer on such
      Business Day to the total aggregate amount of Principal Receivables in all
      such Designated Accounts on such Business Day and (B) to such Seller, the
      remainder of the Defaulted Receivables and Collections of Non-Principal
      Receivables in all such Designated Accounts on such Business Day.

      (c)   On the Removal Date with respect to any such Designated Account,
such Seller shall cease to allocate any Collections therefor in accordance
herewith and such Designated Account shall be deemed a Removed Account. After
the Removal Date and upon the written request of the Servicer, the Buyer shall
deliver to such Seller a Reassignment; provided, however, that notwithstanding
any other provision of this Agreement, unless such Account was an Ineligible
Account at the time it was originally designated as an Account, the Reassignment
shall reassign only the Account and shall not reassign any Receivable existing
in such Account as of the related Removal Date.

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

                                  ARTICLE III

                   Administration and Servicing of Receivables

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

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

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

                                       13
<PAGE>

                                   ARTICLE IV

                        Rights of Certificateholders and
                    Allocation and Application of Collections

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

                                   ARTICLE V

                      Other Matters Relating to the Sellers

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

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

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

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

                                       14
<PAGE>

                                   ARTICLE VI

                                   Termination

      This Agreement will terminate immediately after the Trust terminates
pursuant to the Pooling and Servicing Agreement. In addition, the Buyer shall
not purchase Receivables from a Seller nor shall a Seller designate Additional
Accounts if such Seller shall become an involuntary party to (or be made the
subject of) any proceeding provided for by any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar proceedings of or relating to
such Seller or relating to all or substantially all of its property (an
"Involuntary Case") and such Involuntary Case shall have continued for a period
of ten Business Days from and including the day of receipt by such Seller at its
principal corporate office of notice of such Involuntary Case; provided, that
during such ten Business Day period, the Buyer shall suspend its purchase of
Receivables and shall hold all Collections of Principal Receivables that would
have been available to purchase Receivables in the Collection Account and (a) if
by the first Business Day after such ten Business Day period, the Buyer has not
obtained an order from the court having jurisdiction of such case or filing
which order approves the continuation of the sale of Receivables by such Seller
to the Buyer and which provides that the Buyer and any of its transferees
(including the Trustee) may rely on such order for the validity and nonavoidance
of such transfer (the "Order"), the Buyer shall hold such Collections in the
Collection Account until such time as they may be paid as elsewhere provided
herein and shall not purchase Receivables thereafter or designate Additional
Accounts for transfer to the Buyer, or (b) if by such first Business Day, the
Buyer has obtained such Order, such Seller may continue selling Receivables, and
the Buyer may continue purchasing Receivables, pursuant to the terms hereof, as
modified by the immediately succeeding sentence. During the period after the ten
Business Day period described above and before the end of the 60-day period
described below, the purchase price of the Receivables transferred during such
period, notwithstanding anything in this Agreement to the contrary, shall be
paid to such Seller by the Buyer in cash not later than the same Business Day of
any sale of Receivables. During such period, Receivables will be considered
transferred to the Buyer only to the extent that the purchase price therefor has
been paid in cash on the same Business Day. If an Order is obtained but
subsequently is reversed or rescinded or expires, such Seller shall immediately
cease selling Receivables to the Buyer and the Buyer shall immediately cease
buying Receivables. Each Seller shall give prompt written notice to each of the
Buyer and the Trustee immediately upon becoming a party to an Involuntary Case.
If by the first Business Day after the 60-day period after such involuntary
filing, such Involuntary Case has not been dismissed, the Buyer shall not
purchase thereafter Receivables or designated Additional Accounts for transfer
to the Issuer.

                                  ARTICLE VII

                            Miscellaneous Provisions

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

                                       15
<PAGE>

      (b)   This Agreement may also be amended from time to time by the Buyer
and the Sellers with the consent of the Holders of Investor Certificates
evidencing more than 50% of the aggregate unpaid principal amount of the
Investor Certificates of all materially adversely affected Series, for the
purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Agreement or of modifying in any manner the rights of
the Sellers; provided, however, that no such amendment shall (i) reduce in any
manner the amount of or delay the timing of any distributions to be made to
Investor Certificateholders or deposits of amounts to be so distributed with the
amount available under any Enhancement without the consent of each affected
Investor Certificateholder, (ii) change the definition of or the manner of
calculating the interest of any Investor Certificateholders without the consent
of each affected Certificateholder, (iii) reduce the aforesaid percentage
required to consent to any such amendment without the consent of each
Certificateholder or (iv) adversely affect the rating of any Series or Class by
any Rating Agency without the consent of the Holders of all of the Investor
Certificates of such Series or Class. Any amendment to be effected pursuant to
this paragraph shall be deemed to materially adversely affect all outstanding
Series, other than any Series with respect to which such action shall not, as
evidenced by an Opinion of Counsel for the Sellers, addressed and delivered to
the Trustee, adversely affect in any material respect the interests of any
Investor Certificateholder of such Series. The Trustee may, but shall not be
obligated to, enter into any such amendment which affects the Trustee's rights,
duties or immunities under this Agreement or otherwise.

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

      (d)   It shall not be necessary for the consent of Investor
Certificateholders under this Section to approve the particular form of any
proposed amendment, but it shall be sufficient if such consent shall approve the
substance thereof. The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Investor Certificateholders shall be
subject to such reasonable requirements as the Trustee may prescribe.

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

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

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

                                       16
<PAGE>

such recording, registration or filing. The Buyer shall cooperate fully with the
Sellers in connection with the obligations set forth above and will execute any
and all documents reasonably required to fulfill the intent of this Section
7.2(a).

      (b)   Within 30 days after a Seller makes any change in its name, identity
or corporate structure which would make any financing statement or continuation
statement filed in accordance with Section 7.2(a) seriously misleading within
the meaning of Section 9-402(7) of the UCC as in effect in the State of Missouri
or the State of Georgia, as applicable, or such other applicable jurisdiction,
such Seller shall give the Buyer and any Agent notice of any such change and
shall file such financing statements or amendments as may be necessary to
continue the perfection of the Buyer's security interest in the Receivables and
the proceeds thereof.

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

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

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

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

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

                                       17
<PAGE>

      Section 7.6 Notices. All demands, notices and communications hereunder
shall be in writing and shall be deemed to have been duly given if personally
delivered at or mailed by registered mail, return receipt requested, to the
parties at such addresses specified in the Pooling and Servicing Agreement or,
in the case of notices to Deutsche BSC, to the following address: 655 Maryville
Centre Drive, St. Louis, Missouri 63141, Attention: Secretary.

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

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

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

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

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

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

      Section 7.13 Merger and Integration. Except as specifically stated
otherwise herein, this Agreement sets forth the entire understanding of the
parties relating to the subject matter hereof, and all prior understandings,
written or oral, are superseded by this Agreement. This Agreement may not be
modified, amended, waived, or supplemented except as provided herein.

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

                                       18
<PAGE>

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

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

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

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

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

                                       19
<PAGE>

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

                                        DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                        Buyer

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

                                        By: /s/ Richard H. Schumacher
                                              Name: Richard H. Schumacher
                                              Title: President

                                        By: /s/ Naran Burchinow
                                              Name: Naran Burchinow
                                              Title:

                                        DEUTSCHE FINANCIAL SERVICES
                                        CORPORATION, Seller

                                        By: /s/ Richard H. Schumacher
                                              Name: Richard H. Schumacher
                                              Title: Senior Vice President

                                        By: /s/ Naran Burchinow
                                              Name: Naran Burchinow
                                              Title:

                                        DEUTSCHE BUSINESS SERVICES
                                        CORPORATION, Seller

                                        By: /s/ Richard H. Schumacher
                                              Name: Richard H. Schumacher
                                              Title:

                                        By: /s/ Naran Burchinow
                                              Name: Naran Burchinow
                                              Title:

                                       20
<PAGE>

                                                                       EXHIBIT A
                                                                         TO RCSA

            FORM OF ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS

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

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

                               W I T N E S E T H:

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

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

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

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

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

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

      2.    Designation of Additional Accounts. The Seller hereby delivers
herewith a computer file or microfiche or written list containing a true and
complete list of all such Additional Accounts specifying for each such Account,
as of the Additional Cut-Off Date, its account number, the aggregate amount of
Receivables outstanding in such Account and the aggregate amount of Principal
Receivables in such Account. Such file or list shall, as of the date of this
Assignment, supplement Schedule 1 to the Receivables Contribution and Sale
Agreement.

                                      A-1
<PAGE>

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

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

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

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

                                      A-2
<PAGE>

Buyer the computer file or microfiche or written list relating to the Additional
Accounts described in Section 2 of this Assignment.

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

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

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

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

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

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

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

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

                                      A-3
<PAGE>

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

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

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

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

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

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

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

            (o)   Eligible Receivables. On the Additional Cut-Off Date each
      Receivable conveyed to the Buyer as of such date is an Eligible Receivable
      or, if such Receivable is

                                      A-4
<PAGE>

      not an Eligible Receivable, such Receivable is conveyed to the Buyer in
      accordance with Section 2.8 of the Receivables Contribution and Sale
      Agreement.

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

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

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

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

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

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

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

                                      A-5
<PAGE>

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

                                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                      as Buyer

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

                                      By:_____________________________________
                                          Name:
                                          Title

                                      By:_____________________________________
                                          Name:
                                          Title

                                      [DEUTSCHE FINANCIAL SERVICES
                                      CORPORATION], as Seller

                                      By:_____________________________________
                                          Name:
                                          Title

                                      By:_____________________________________
                                          Name:
                                          Title

                                      [DEUTSCHE BUSINESS SERVICES
                                      CORPORATION], as Seller

                                      By:_____________________________________
                                          Name:
                                          Title

                                      By:_____________________________________
                                          Name:
                                          Title

                                      A-6
<PAGE>

                                                                       EXHIBIT B
                                                                         TO RCSA

                           FORM OF OPINION OF COUNSEL

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

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

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

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

                                      B-1
<PAGE>

                                                                       EXHIBIT C
                                                                         TO RCSA

             FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS

                 (As required by Section 2.6 of the Receivables
               Contribution and Sale Agreement referred to below)

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

                                   WITNESSETH

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

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

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

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

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

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

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

                                      C-1
<PAGE>

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

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

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

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

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

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

                                      C-2
<PAGE>

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

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

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

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

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

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

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

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

      9.    GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT

                                      C-3
<PAGE>

REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.

                                      C-4
<PAGE>

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

                                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                      Buyer

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

                                      By:_____________________________________
                                          Name:
                                          Title

                                      By:_____________________________________
                                          Name:
                                          Title

                                      [DEUTSCHE FINANCIAL SERVICES
                                      CORPORATION, Seller]

                                      By:_____________________________________
                                          Name:
                                          Title

                                      By:_____________________________________
                                          Name:
                                          Title

                                      C-5
<PAGE>

                                        [DEUTSCHE BUSINESS SERVICES
                                        CORPORATION, Seller]

                                        By:_____________________________________
                                            Name:
                                            Title

                                        By:_____________________________________
                                            Name:
                                            Title

                                      C-6
<PAGE>

                                   Schedule 1

                                List of Accounts

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

                                      C-7

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