Document:

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                                                                     EXHIBIT 4.7

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                         COLLATERAL SERIES SUPPLEMENT
                          Dated as of October 24, 2002

                                       to

           SECOND AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT
                          Dated as of October 24, 2002

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

                           FIRST NATIONAL FUNDING LLC,
                                   Transferor,

                          FIRST NATIONAL BANK OF OMAHA,
                                    Servicer,

                                       and

                              THE BANK OF NEW YORK,
                                     Trustee

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

                    FIRST BANKCARD MASTER CREDIT CARD TRUST

================================================================================
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                               TABLE OF CONTENTS

                                                                            Page

Section 1.        Designation..................................................1

Section 2.        Interpretation and Definitions...............................2

Section 3.        Reassignment and Transfer Terms..............................4

Section 4.        Delivery and Payment for the Collateral Certificate..........5

Section 5.        Form of Delivery of Collateral Certificate...................5

Section 6.        Article IV of Agreement......................................5

Section 7.        Pay Out Events and Events of Default.........................6

Section 8.        Modification to and Ratification of Agreement................6

Section 9.        Servicer Indemnification.....................................7

Section 10.       Counterparts.................................................9

Section 11.       Successors and Assigns.......................................9

Section 12.       Governing Law................................................9

Section 13.       No Petition..................................................9

Section 14.       Amendments...................................................9

EXHIBIT A         TO COLLATERAL SERIES SUPPLEMENT
                  FORM OF COLLATERAL CERTIFICATE

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         COLLATERAL SERIES SUPPLEMENT dated as of October 24, 2002 (this
"Supplement"), among FIRST NATIONAL FUNDING LLC, a Nebraska limited liability
company, as Transferor, FIRST NATIONAL BANK OF OMAHA, a national banking
association, as Servicer, and THE BANK OF NEW YORK, as Trustee (the "Trustee")
under the Second Amended and Restated Pooling and Servicing Agreement dated as
of October 24, 2002, among the Transferor, the Servicer and the Trustee (as
further amended and supplemented from time to time, the "Agreement").

         Section 6.09 of the Agreement provides, among other things, that the
Transferor and the Trustee may at any time and from time to time enter into a
Supplement to the Agreement for the purpose of authorizing the delivery by
Trustee to Transferor for the execution and redelivery to the Trustee for
authentication of one or more Series of Investor Certificates.

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

         SECTION 1. DESIGNATION.

                  (a) There is hereby created a Series of Investor Certificates
         to be issued pursuant to the Agreement and this Supplement to be known
         as the "First Bankcard Master Credit Card Trust Collateral Certificate"
         or the "Collateral Certificate."

                  (b) The Collateral Certificate will be transferred by the
         Transferor to First National Master Note Trust (the "Note Trust")
         pursuant to a Transfer and Servicing Agreement dated as of October 24,
         2002 among the Transferor, the Servicer and the Note Trust. The Note
         Trust will pledge the Collateral Certificate as collateral for one or
         more series of notes (each, a "Note Series") to be issued by the Note
         Trust pursuant to a Master Indenture dated as of October 24, 2002
         between the Note Trust and The Bank of New York, as trustee (the
         "Indenture Trustee"), and one or more supplements to the Master
         Indenture (each, an "Indenture Supplement" and, together with the
         Master Indenture referred to above, as amended from time to time, the
         "Indenture"). The portion of the Collateral Certificate primarily
         securing each Note Series shall be treated as a separate Series (each,
         a "Collateral Series") under the Agreement and this Supplement.

                  (c) Certain of the Principal Terms and other terms pertaining
         to each Collateral Series will be defined in the applicable Indenture
         Supplements (and are hereby incorporated by reference into this
         Supplement), including whether or not such Collateral Series will be
         part of a Group. Unless and until the Trust has been terminated as
         permitted by Section 3(b) of this Supplement: (a) the Indenture and
         each Indenture Supplement executed and delivered by the Note Trust
         shall be a supplement to this Supplement; (b) a new Collateral Series
         shall be issued upon the issuance of each Note Series and shall have
         the same designation (e.g., Series 2002-1) and belong to the same Group
         as the related Note Series; (c) the amounts payable as interest on and
         principal of each Collateral Series shall equal the aggregate of the
         amounts payable on the related Note Series (including amounts payable
         from any spread account or cash collateral account or other
         Enhancement) and shall be payable at the times and in the amounts

<PAGE>

         specified in the Indenture Supplement for the related Note Series, (d)
         all amounts available and applied as credit enhancement with respect to
         each Note Series shall be deemed to be available and applied as credit
         enhancement with respect to the related Collateral Series; (e) all
         amounts payable to the Transferor pursuant to the related Indenture
         Supplement shall be deemed to be payable to the Transferor pursuant to
         this Supplement; and (f) the holders of the Notes of each Note Series
         shall be third party beneficiaries of the Agreement and this
         Supplement.

                  (d) The Transferor and the Servicer shall each deliver to the
         Indenture Trustee and the Owner Trustee, at the applicable address
         specified in the Indenture, a copy of each notice, report, certificate
         or other document required to be delivered by the Transferor or the
         Servicer, as applicable, to the Trustee pursuant to the Agreement or
         this Supplement.

                  (e) The expenses payable by the Servicer pursuant to Section
         3.02 of the Agreement shall include the expenses of servicing the
         Receivables, including payment of the reasonable fees and disbursements
         (including, without limitation, reasonable legal fees and
         disbursements) of the Indenture Trustee and the Owner Trustee and other
         reasonable fees which are not expressly stated in the Transaction
         Documents to be payable by the Issuer, the Transferor or the
         Securityholders, other than Federal, state and local income and
         franchise taxes, if any, of the Issuer, any Securityholder or the
         Trust.

         SECTION 2. INTERPRETATION AND DEFINITIONS. If any term or provision
contained herein shall conflict with or be inconsistent with any provision
contained in the Agreement, the terms and provisions of this Supplement shall
govern. All Article, Section or subsection references herein shall mean Article,
Section or subsections of the Agreement, as amended or supplemented by this
Supplement, except as otherwise provided herein. All capitalized terms not
otherwise defined herein are used herein as defined in the Agreement. Each
capitalized term defined herein shall relate only to the Collateral Certificate
and no other Series of Certificates issued by the Trust.

         "Amortization Period" means, for any Collateral Series, any period
specified in the related Indenture Supplement during which a share of principal
collections is set aside to repay the principal investment in the related Note
Series.

         "Base Rate" is defined for each Collateral Series in the related
Indenture Supplement.

         "Business Day" is defined in Annex A to the Indenture.

         "Closing Date" is defined for each Collateral Series in the related
Indenture Supplement.

         "Collateral Certificate" is defined in Section 1 of this Supplement.

         "Collateral Series" is defined in Section 1 of this Supplement.

         "Distribution Date" is defined for each Collateral Series in the
related Indenture Supplement.

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         "Excess Finance Charge Collections" means for each Collateral Series,
all amounts identified as such in the related Indenture Supplement.

         "Excess Principal Collections" is defined for each Collateral Series in
the related Indenture Supplement.

         "Finance Charge Shortfall" is defined for each Collateral Series in the
related Indenture Supplement.

         "Indenture" is defined in Section 1 of this Supplement.

         "Indenture Supplement" is defined in Section 1 of this Supplement.

         "Indenture Trustee" is defined in Section 1 of this Supplement.

         "Investor Certificateholder" means the holder of record of any Investor
Certificate.

         "Investor Interest" means, for each Collateral Series, the "Collateral
Amount" of the related Note Series, as defined in the related Indenture
Supplement.

         "Investor Percentage" means, for each Collateral Series, the
"Allocation Percentage" for the related Note Series, as defined in the related
Indenture Supplement.

         "Investor Monthly Servicing Fee" means for each Collateral Series, the
"Noteholder Servicing Fee" for the related Note Series as defined in the related
Indenture Supplement.

         "Minimum Aggregate Principal Receivables" shall mean, as of any date of
determination, so long as any Investor Certificate other than the Collateral
Certificate is outstanding, the greater of (a) an amount equal to the sum of the
Initial Investor Interests for all outstanding Series on such date, minus the
amount of any permanent reduction during any Revolving Period of any Investor
Interest of any Series pursuant to the applicable Supplement, minus the
aggregate amount of principal previously paid to Investors during any
Amortization Period, or (b) the sum of the numerators used at such date to
calculate the Investor Percentages with respect to Principal Receivables for all
Series outstanding on such date (except for any Series excluded pursuant to the
related Indenture Supplement), less the amount on deposit in the Excess Funding
Account as of the date of determination.

         "Minimum Transferor Interest" is defined for each Collateral Series in
the related Indenture Supplement.

         "Note Series" is defined in Section 1 of this Supplement.

         "Note Trust" is defined in Section 1 of this Supplement.

         "Owner Trustee" means the trustee for the Note Trust.

         "Portfolio Yield" is defined for each Collateral Series in the related
Indenture Supplement.

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         "Principal Shortfall" is defined for each Collateral Series in the
related Indenture Supplement.

         "Rating Agency" is defined for each Collateral Series in the related
Indenture Supplement.

         "Record Date" is defined for each Collateral Series in the related
Indenture Supplement.

         "Series Accounts" is defined for each Collateral Series in the related
Indenture Supplement.

         "Series Servicing Fee Percentage" is defined for each Collateral Series
in the related Indenture Supplement.

         "Series Termination Date" means, for each Collateral Series, the Final
Maturity Date for the related Note Series, as defined in the related Indenture
Supplement.

         "Tax Opinion" means, with respect to any action, an Opinion of Counsel
to the effect that, for Federal income tax purposes, (a) such action will not
adversely affect the tax characterization as debt of Investor Certificates of
any outstanding Series or Class with respect to which an Opinion of Counsel was
delivered at the time of their issuance that such Investor Certificates would be
characterized as debt, (b) such actions will not cause the Trust to be
classified, for federal income tax purposes, as an association (or publicly
traded partnership) taxable as a corporation and (c) such action will not cause
or constitute an event in which gain or loss would be recognized by any
Certificateholder.

         SECTION 3. REASSIGNMENT AND TRANSFER TERMS.

                  (a) If the Servicer purchases, redeems or prepays any Note
         Series pursuant to an optional redemption provision under the related
         Indenture Supplement, then the related Collateral Series shall be
         deemed to have been retired. Upon the termination of any Note Series
         pursuant to the Indenture, the related Collateral Series shall also
         terminate.

                  (b) Once each Series issued under the Agreement has been
         retired, other than the Collateral Series and any other Series the
         requisite holders of which have consented to the following
         transactions, the holder of the Transferor Interest shall have the
         option to transfer the Transferor Interest to the Note Trust, upon
         which transfer the Trust shall terminate, and all of the Trust Assets
         shall be distributed to the Note Trust, as holder of all of the
         beneficial interests in the Trust; provided that such termination shall
         not take effect until the Transferor has delivered to the Indenture
         Trustee a Tax Opinion (as defined in the Master Indenture) with respect
         to the termination and favorable legal opinions as to (i) the
         enforceability of any documents executed by the Transferor in
         connection with the termination and (ii) the validity and priority of
         the security interest in the Receivables and the proceeds thereof
         granted by the Transferor to the Note Trust pursuant to the Transfer
         and Servicing Agreement, on terms substantially similar to the most
         recent legal opinion delivered by the Transferor's counsel as to the
         validity and

                                       4
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         priority of the security interest granted by the Transferor to the
         Trustee in connection with the then most recently issued Note Series.

         SECTION 4. DELIVERY AND PAYMENT FOR THE COLLATERAL CERTIFICATE. The
Transferor shall execute and deliver the Collateral Certificate to the Trustee
for authentication in accordance with Section 6.02 of the Agreement. The Trustee
shall deliver the Collateral Certificate when authenticated in accordance with
Section 6.02 of the Agreement. For convenience, the Collateral Certificate shall
be registered in the name of the Indenture Trustee, as secured party,
notwithstanding that the Collateral Certificate shall have been initially issued
to the Transferor, transferred by the Transferor to the Note Trust pursuant to
the Transfer and Servicing Agreement and pledged by the Note Trust to the
Indenture Trustee pursuant to the Indenture.

         SECTION 5. FORM OF DELIVERY OF COLLATERAL CERTIFICATE.

                  (a) The Collateral Certificate shall be delivered as a
         Definitive Certificate, substantially in the form of Exhibit A hereto,
         and shall be represented by a single certificate.

                  (b) Each Collateral Certificate shall constitute a "security"
         within the meaning of (i) Article 8 of the Uniform Commercial Code
         (including Section 8-102(a)(15) thereof) as in effect from time to time
         in the State of Nebraska and (ii) the Uniform Commercial Code of any
         other applicable jurisdiction that presently or hereafter substantially
         includes the 1994 revisions to Article 8 thereof as adopted by the
         American Law Institute and the National Conference of Commissioners on
         Uniform State Laws.

                  (c) The Collateral Certificate may not be sold, participated,
         transferred, assigned or otherwise pledged or conveyed in whole or in
         part except upon the prior delivery to the Trustee and the Indenture
         Trustee (as defined in the Indenture) of a Tax Opinion (as defined
         herein and in the Indenture) with respect thereto.

         SECTION 6. ARTICLE IV OF AGREEMENT. Sections 4.01, 4.02 and 4.03 of the
Agreement shall read in their entirety as provided in the Agreement. In
addition, Article IV of the Agreement shall include Section 4.01A and Section
4.04, each to read in its entirety as follows, each to be inserted in order in
the Agreement and each to be applicable only to the Collateral Certificate:

                                   ARTICLE IV

                        RIGHTS OF CERTIFICATEHOLDERS AND
                    ALLOCATION AND APPLICATION OF COLLECTIONS

                  Section 4.01A Rights of Holders of Collateral Certificate. The
         Collateral Certificate shall represent an undivided interest in the
         Trust, consisting of the right to receive (a) the sum of the related
         Investor Percentages of Collections, (b) funds on deposit in the
         Collection Account and the Excess Funding Account allocable to the
         Collateral Certificate and funds on deposit in the Series Accounts for
         any related Note Series, (c) Excess Principal Collections allocated to
         the Collateral Certificate in accordance with Section 4.03(e) and any
         related

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         Indenture Supplement, (d) Excess Finance Charge Collections allocated
         to the Collateral Certificate in accordance with Section 4.03(f) and
         any related Indenture Supplement and (e) any related Enhancement for
         the Collateral Certificate and related Note Series. Unless otherwise
         specified in the related Indenture Supplement, each Collateral Series
         shall consist of a single Class and shall not be senior or subordinated
         to any other Series. The Transferor Interest shall not represent any
         interest in the Collection Account, the Excess Funding Account or any
         Series Accounts, except as specifically provided in this Article IV and
         the related Indenture Supplement.

                  Section 4.04 Allocations. The Servicer shall, prior to the
         close of business on the day any Collections are deposited in the
         Collection Account, allocate from the Collection Account to the
         Collateral Series related to each Note Series the amounts specified in
         the related Indenture Supplement, which shall be deposited or otherwise
         applied as provided in such Indenture Supplement.

         SECTION 7. PAY OUT EVENTS AND EVENTS OF DEFAULT. In addition to the Pay
Out Events specified in Section 9.01 of the Agreement, the Pay Out Events
specified in the related Indenture Supplement, as well as the Trust Pay Out
Events specified in the Indenture, shall be applicable to each Collateral
Series. In addition, each Note Series will have the benefit of applicable
"Events of Default," as defined in the Indenture. Upon the occurrence of an
applicable Event of Default, the Indenture Trustee shall have the right to
foreclose upon a portion of the Receivables, as defined (and subject to the
limitations stated) in the Indenture notwithstanding the continuing existence of
the Trust, and the Trustee shall cooperate with the Indenture Trustee in the
exercise of such right.

         SECTION 8. MODIFICATION TO AND RATIFICATION OF AGREEMENT. For purposes
of this Supplement and each Collateral Series:

                  (a) Sections 3.07 (Tax Treatment) and 12.01(c) (Termination of
         Trust) shall not be applicable to any Collateral Series.

                  (b) For purposes of voting with respect to any consent,
         approval, waiver, direction or other matter under the Agreement or this
         Supplement, (i) each class of notes included in any Note Series shall
         be deemed to be a Class of Certificates in the related Collateral
         Series, (ii) the Outstanding Amount (as defined in the Indenture) of
         each class of notes shall be deemed to be its unpaid Initial Investor
         Interest, (iii) the Indenture Trustee shall vote with respect to any
         consent, approval, waiver, direction or other matter under the
         Agreement or this Supplement, but only as directed by the beneficial
         owners of such notes and the (iv) provisions for voting by beneficial
         owners of such notes specified in the Indenture shall apply mutatis
         mutandis to voting under the Agreement and this Supplement.

                  (c) In addition, to the extent that the terms of this
         Supplement (directly or as supplemented by any Indenture Supplement)
         are deemed to be inconsistent with the terms of the Agreement, this
         Supplement shall be deemed to modify or amend the terms of the
         Agreement solely as applied to each Collateral Series affected by any
         such inconsistency,

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         as permitted by Section 6.09(c) of the Agreement. Otherwise, as amended
         and supplemented by this Supplement (and the various Indenture
         Supplements executed from time to time), the Agreement is in all
         respects ratified and confirmed and the Agreement as so amended and
         supplemented by this Supplement shall be read, taken and construed as
         one and the same instrument.

         SECTION 9. SERVICER INDEMNIFICATION. (a) The Servicer shall indemnify
and hold harmless the Note Trust, the Trust, the Trustee, the Owner Trustee and
the Indenture Trustee (unless acting as the Servicer), and their respective
officers, directors, employees and agents (each, an "Indemnified Person"), from
and against any loss, liability, expense, damage or injury suffered or sustained
by reason of any acts or omissions or alleged acts or omissions of the Servicer
with respect to activities of the Trust, the Note Trust, the Indenture Trustee,
the Trustee or the Owner Trustee pursuant to this Agreement or any other
Transaction Document, 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 the Servicer shall not indemnify any such Indemnified Person if
such acts, omissions or alleged acts or omissions constitute or are caused by
fraud, negligence, or willful misconduct by such Indemnified Person; and
provided, further, that the Servicer shall not indemnify the Note Trust, the
Trust or any Noteholder or Note Owner for any liabilities, costs or expenses
with respect to any action taken by the Trustee, at the direction of Holders of
the Notes and the Investor Certificates, or by the Indenture Trustee at the
direction of the Noteholders, in either case, given in accordance with the
applicable Transaction Documents; and provided, further, that the Servicer shall
not indemnify the Note Trust, the Trust or any Noteholder or Note Owner as to
any losses, claims or damages incurred by any of them as owners of secured
notes, for example, as a result of the performance of the Receivables, market
fluctuations, a shortfall or failure to make payment under any Enhancement or
other similar market or investment risks associated with ownership of secured
notes; and provided, further, that the Servicer shall not indemnify the Note
Trust, the Trust or any Noteholder or Note Owner for any liabilities, costs or
expenses of the Trust, the Note Trust, the Noteholders or the Note Owners
arising under any tax law, including, without limitation, any federal, state,
local or foreign income or franchise taxes or any other tax imposed on or
measured by income (or any interest or penalties with respect thereto or arising
from a failure to comply therewith) required to be paid by the Note Trust, the
Noteholders or the Note Owners in connection herewith to any taxing authority.
Any such indemnifications under this Section 9 shall not be payable from the
assets of the Note Trust or the Trust and shall be subordinated to the Notes.
The provisions of this indemnity shall run directly to and be enforceable by an
injured party, subject to the limitations hereof. The Servicer shall also
indemnify the Indenture Trustee as provided in Section 6.07 of the Indenture.

                  (b) The Servicer shall not be liable under this Section 9 for
         any settlement of any claim or action effected without its prior
         written consent, which shall not be unreasonably withheld.

                  (c) Promptly after receipt by an injured party under this
         Section 9 of notice of the commencement of any action or proceeding for
         which such injured party is entitled to indemnification under this
         Section 9, such injured party will, if a claim in respect thereof is to
         be made against the Servicer under this Section 9, notify the Servicer
         of the commencement thereof; but the omission to so notify the Servicer
         (i) will not relieve it

                                       7

<PAGE>

         from any liability under Section 9 unless and to the extent that such
         failure to notify results in the forfeiture by the Servicer, or the
         material impairment, of substantial rights and defenses and (ii) will
         not, in any event, relieve the Servicer from any obligations to any
         injured party that are in addition to the indemnification obligation
         provided in this Section 9. If any such action or proceeding is brought
         that involves any injured party, the injured party shall promptly
         notify the Servicer of the commencement thereof and the Servicer will
         be entitled to participate therein and, to the extent that it may wish,
         to assume the defense thereof, with counsel reasonably satisfactory to
         such injured party; provided, however, that if (x) the use of counsel
         chosen by the Servicer to represent the injured party would present
         such counsel with a conflict of interest which, if such counsel had
         been retained, would have required such counsel to withdraw from such
         representation, (y) the injured party shall have been advised by
         counsel that there may be one or more legal defenses available to it
         that are different from or additional to those available to the
         Servicer or to other indemnified parties, or (z) the Servicer shall not
         have employed counsel satisfactory to the injured party to represent
         the injured party within a reasonable time after receipt by the
         Servicer of notice of the institution of such action or proceeding,
         then, in each such case, (1) the Servicer shall not have the right to
         direct the defense of such action on behalf of such injured party or
         parties, (2) such injured party or parties shall have the right to
         select separate counsel to defend such action on behalf of such injured
         party or parties (provided that, if more than one injured party is
         subject to the circumstances described in clause (y), then, to the
         extent permitted by the rules of professional conduct applicable to
         attorneys, all such indemnified parties shall be represented by one
         such separate counsel) and (3) all costs and expenses of each such
         injured party in connection with such action or proceeding shall be
         paid by the Servicer pursuant to Section 9(a) above. The Servicer may
         settle any claim for which an injured party seeks indemnification under
         this Section 9 so long as (A) the Servicer pays the settlement in full
         and (B) as a result thereof, the injured party is released from all
         liability under such claim.

                  (d) After notice from the Servicer to such injured party of
         the Servicer's election so to assume the defense thereof and approval
         by such injured party of counsel appointed to defend such action, the
         Servicer will not be liable to such injured party under this Section 9
         for any legal or other expenses, other than reasonable costs of
         investigation, subsequently incurred by such injured party in
         connection with the defense thereof, unless (i) the injured party shall
         have employed separate counsel in accordance with the immediately
         preceding paragraph or (ii) the Servicer has authorized in writing the
         employment of counsel for the injured party at the expense of the
         Servicer. If the Servicer assumes the defense of any such action or
         proceeding, the injured party shall have the right to employ separate
         counsel therein, and to participate in the defense thereof, but the
         fees and expenses of such counsel shall be borne exclusively by such
         injured party without any right or entitlement to reimbursement by the
         Servicer or its Affiliates except as otherwise provided in the
         preceding sentence and in the preceding paragraph.

                  (e) The provisions of this Section 9 shall survive the
         termination of this Agreement and the earlier removal or resignation of
         the Owner Trustee.

                                       8
<PAGE>

         SECTION 10. COUNTERPARTS. This Supplement may be executed in any number
of counterparts, each of which so executed shall be deemed to be an original,
but all of such counterparts shall together constitute but one and the same
instrument.

         SECTION 11. SUCCESSORS AND ASSIGNS. This Supplement shall be binding
upon and inure to the benefit of the parties hereto and their respective
successors and assigns.

         SECTION 12. GOVERNING LAW. This Supplement shall be construed in
accordance with the laws of the State of Nebraska, without reference to its
conflict of law provisions, and the obligations, rights and remedies of the
parties hereunder shall be determined in accordance with such laws.

         SECTION 13. NO PETITION. The Servicer, the Trustee and (with respect to
the Trust only) the Transferor, by entering into this Supplement, and the Note
Trust as Investor Certificateholder, by accepting a Collateral Certificate,
hereby covenant and agree that they will not at any time institute against the
Trust or the Transferor, or join in any institution against the Trust or the
Transferor of, any bankruptcy proceedings under any United States Federal or
state bankruptcy or similar law in connection with any obligations relating to
the Investor Certificateholders, the Agreement or this Supplement; provided,
however that nothing herein shall prohibit the Trustee from filing proofs of
claim or otherwise participating in any such proceedings instituted by any other
person.

         SECTION 14. AMENDMENTS. This Supplement may be amended pursuant to
Section 13.01 of the Agreement. This Supplement may also be amended by the
Transferor without the consent of the Servicer, the Trustee or any Investor
Certificateholder if the Transferor provides the Trustee with: (a) an Opinion of
Counsel to the effect that such amendment or modification would (i) reduce the
risk that the Trust would be treated as taxable as a publicly traded partnership
pursuant to Internal Revenue Code Section 7704 or (ii) permit the Trust or a
relevant portion thereof to be treated as a "financial asset securitization
investment trust" and (iii) in either case, (A) would not cause the Trust to be
classified, for Federal income tax purposes, as an association (or publicly
traded partnership) taxable as a corporation and (B) would not cause or
constitute an event in which gain or loss would be recognized by any Investor
Certificateholder; (b) an Officer's Certificate confirming that such amendment
or modification would not materially and adversely affect any Investor
Certificateholder and (c) satisfaction of the Rating Agency Condition with
respect to each outstanding Collateral Series; provided that no such amendment
shall be deemed effective without the Trustee's consent, if the Trustee's
rights, duties and obligations hereunder are thereby modified. Prior to the
execution of any such amendment (other than an amendment pursuant to Section
13.01(a) of the Agreement), the Trustee shall furnish notification of the
substance of such amendment to each Rating Agency.

                  [Remainder of page intentionally left blank]

                                       9

<PAGE>

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

                                    FIRST NATIONAL FUNDING LLC,
                                    as Transferor

                                    By  First National Funding Corporation,
                                        its Managing Member

                                    By      /s/ Jean L. Koenck
                                        ---------------------------------------
                                    Name    Jean L. Koenck
                                         --------------------------------------
                                    Title   Senior Vice President
                                          -------------------------------------

                                    FIRST NATIONAL BANK OF OMAHA,
                                    as Servicer

                                    By      /s/ Matthew W. Lawver
                                       ----------------------------------------
                                    Name    Matthew W. Lawver
                                         --------------------------------------
                                    Title   Senior Vice President
                                          -------------------------------------

                                    THE BANK OF NEW YORK,
                                    as Trustee

                                    By      /s/ Robert D. Foltz
                                       ----------------------------------------
                                    Name    Robert D. Foltz
                                         --------------------------------------
                                    Title   Agent
                                          -------------------------------------

                   COLLATERAL SERIES SUPPLEMENT SIGNATURE PAGE

<PAGE>

                                    EXHIBIT A
                                       TO
                          COLLATERAL SERIES SUPPLEMENT

                         FORM OF COLLATERAL CERTIFICATE

No.
   --------------

                     FIRST BANKCARD MASTER CREDIT CARD TRUST
                             COLLATERAL CERTIFICATE

Evidencing an undivided interest in the First Bankcard Master Credit Card Trust,
the corpus of which consists of a portfolio of receivables created under credit
card accounts originated or acquired by First National Bank of Omaha ("FNBO")
and other assets and interests constituting the trust under the Pooling and
Servicing Agreement described below.

                   (Not an interest in or obligation of FNBO)

         This certifies that THE BANK OF NEW YORK, AS SECURED PARTY (the
"Certificateholder"), is the registered owner of an undivided interest in a
trust (the "Trust"), the corpus of which consists of a portfolio of receivables
(the "Receivables") now existing or hereafter created under selected credit card
accounts originated or acquired by FNBO and transferred to the Trust, all monies
due or to become due with respect to the Receivables, all proceeds of such
Receivables and Insurance Proceeds relating to the Receivables and the other
assets and interests constituting the Trust pursuant to the Second Amended and
Restated Pooling and Servicing Agreement, dated as of October 24, 2002, as
amended and supplemented, including by the Collateral Series Supplement, dated
as of October 24, 2002 (collectively, the "Pooling and Servicing Agreement"),
among First National Funding LLC, as Transferor, FNBO, as Servicer, and The Bank
of New York, as Trustee.

         THIS COLLATERAL CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF, OR AN
INTEREST IN, THE TRANSFEROR OR THE SERVICER, AND NONE OF THIS CERTIFICATE, THE
RECEIVABLES AND THE ACCOUNTS IS INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT
INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. THIS COLLATERAL
CERTIFICATE IS LIMITED IN RIGHT OF PAYMENT TO CERTAIN COLLECTIONS RESPECTING THE
RECEIVABLES, ALL AS MORE SPECIFICALLY SET FORTH ABOVE AND IN THE POOLING AND
SERVICING AGREEMENT.

         To the extent not defined herein, capitalized terms used herein have
the meanings assigned in or pursuant to the Pooling and Servicing Agreement.
This Collateral Certificate is issued under and is subject to the terms,
provisions and conditions of the Pooling and Servicing Agreement, to which
Pooling and Servicing Agreement, as amended from time to time, the
Certificateholder by virtue of its acceptance hereof assents and by which the
Certificateholder is bound.

<PAGE>

         This Certificate represents all Series entitled "First Bankcard Master
Credit Card Trust Collateral Certificate."

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

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

                                         THE BANK OF NEW YORK,
                                         as Trustee

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

                                      A-2
<PAGE>

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

         This is the Collateral Certificate referred to in the within-mentioned
Pooling and Servicing Agreement.

                                         THE BANK OF NEW YORK
                                         as Trustee

                                         By
                                            -----------------------------------
                                             Authorized Officer<PAGE>

                                                                     EXHIBIT 4.8

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

                         RECEIVABLES PURCHASE AGREEMENT
                          Dated as of October 24, 2002

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

                          FIRST NATIONAL BANK OF OMAHA,
                                   RPA Seller,

                                       and

                           FIRST NATIONAL FUNDING LLC,
                                    Purchaser

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

                        FIRST NATIONAL MASTER NOTE TRUST

================================================================================
<PAGE>
<TABLE>
<CAPTION>
                                            TABLE OF CONTENTS

                                                ARTICLE I

                                               DEFINITIONS

                                                                                                     Page

<S>               <C>                                                                                  <C>
Section 1.01.     Definitions...........................................................................1
Section 1.02.     Other Definitional Provisions.........................................................3

                                                ARTICLE II

                                   SALE AND CONTRIBUTION OF RECEIVABLES

Section 2.01.     Sales and Contributions...............................................................4
Section 2.02.     Addition of Additional Accounts.......................................................6
Section 2.03.     Removal of Accounts...................................................................7

                                               ARTICLE III

                                        CONSIDERATION AND PAYMENT

Section 3.01.     Purchase Price........................................................................7
Section 3.02.     Adjustments to Purchase Price.........................................................8
Section 3.03.     Settlement and Ongoing Payment of Purchase Price......................................9

                                                ARTICLE IV

                                      REPRESENTATIONS AND WARRANTIES

Section 4.01.     Representations and Warranties of RPA Seller Relating to RPA Seller...................9
Section 4.02.     Representations and Warranties of RPA Seller Relating to the Agreement and the
                  Receivables..........................................................................11
Section 4.03.     Representations and Warranties of Purchaser..........................................13

                                                ARTICLE V

RPA SELLER COVENANTS...................................................................................15

                                                ARTICLE VI

                                          REPURCHASE OBLIGATION

Section 6.01.     Reassignment of Ineligible Receivables...............................................22
Section 6.02.     Reassignment of Holders' Interest in Trust Portfolio.................................23
Section 6.03.     Conveyance of Reassigned Receivables.................................................23
</TABLE>

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

                                          CONDITIONS PRECEDENT

Section 7.01.     Conditions to Purchase...............................................................23
Section 7.02.     Conditions to Purchaser's Obligations Regarding Additional Receivables...............23
Section 7.03.     Conditions Precedent to Obligations of RPA Seller....................................24

                                              ARTICLE VIII

                                      TERM AND PURCHASE TERMINATION

Section 8.01.     Term.................................................................................24
Section 8.02.     Purchase Termination.................................................................24

                                               ARTICLE IX

                                        MISCELLANEOUS PROVISIONS

Section 9.01.     Amendment............................................................................24
Section 9.02.     GOVERNING LAW........................................................................25
Section 9.03.     Notices..............................................................................25
Section 9.04.     Severability of Provisions...........................................................25
Section 9.05.     Merger or Consolidation of, or Assumption of the Obligations of, RPA Seller..........26
Section 9.06.     Acknowledgement and Agreement of RPA Seller..........................................27
Section 9.07.     Further Assurances...................................................................27
Section 9.08.     Nonpetition Covenant.................................................................27
Section 9.09.     No Waiver; Cumulative Remedies.......................................................28
Section 9.10.     Counterparts.........................................................................28
Section 9.11.     Binding Third-Party Beneficiaries....................................................28
Section 9.12.     Merger and Integration...............................................................28
Section 9.13.     Schedules and Exhibits...............................................................28

EXHIBIT A         FORM OF SUPPLEMENTAL CONVEYANCE
EXHIBIT B         FORM OF SUBORDINATED NOTE
EXHIBIT C         FORM OF OPINION OF COUNSEL
EXHIBIT D         FORM OF ANNUAL OPINION OF COUNSEL
SCHEDULE I        ACCOUNT SCHEDULE--DELIVERED AS COMPUTER FILE OR MICROFICHE
</TABLE>

                                       ii
<PAGE>

                         RECEIVABLES PURCHASE AGREEMENT

         RECEIVABLES PURCHASE AGREEMENT (this "Agreement"), dated as of October
24, 2002 between FIRST NATIONAL BANK OF OMAHA, a national banking association
("FNBO"), as seller ("RPA Seller") and FIRST NATIONAL FUNDING LLC, a Nebraska
limited liability company, as purchaser ("Purchaser").

                                R E C I T A L S:

         WHEREAS, Purchaser desires to purchase, from time to time, certain
Receivables arising under certain specified Accounts of RPA Seller; and

         WHEREAS, RPA Seller desires to sell and assign such Receivables to
Purchaser, from time to time, upon the terms and conditions hereinafter set
forth; and

         WHEREAS, prior to the Certificate Trust Termination Date, the
Receivables purchased hereunder will be transferred by Purchaser to The Bank of
New York ("Certificate Trust Trustee"), as Trustee for First Bankcard Master
Credit Card Trust (the "Certificate Trust"), pursuant to the Second Amended and
Restated Pooling and Servicing Agreement dated as of October 24, 2002 (as
hereafter amended and supplemented, the "Pooling and Servicing Agreement") among
First National Funding LLC, as transferor, FNBO, as servicer, and Certificate
Trust Trustee in connection with the issuance of certain Investor Certificates;
and

         WHEREAS, after the Certificate Trust Termination Date, the Receivables
purchased hereunder will be transferred by Purchaser to First National Master
Note Trust (the "Note Trust") pursuant to the Transfer and Servicing Agreement,
dated as of October 24, 2002 between First National Funding LLC, as Transferor,
FNBO, as servicer, and the Note Trust, and that the Note Trust will thereafter
pledge all of its right, title and interest therein to The Bank of New York, as
indenture trustee ("Indenture Trustee") for the benefit of the Noteholders under
the Master Indenture, dated as of October 24, 2002 (as hereafter amended and
supplemented, the "Indenture") between Indenture Trustee and the Note Trust;

         NOW, THEREFORE, it is hereby agreed by and between Purchaser and RPA
Seller as follows:

                                    ARTICLE I

                                   DEFINITIONS

         SECTION 1.01. DEFINITIONS. Each capitalized term used herein or in any
certificate, document, or Conveyance Paper made or delivered pursuant hereto,
and not defined herein or therein, shall (i) prior to the Certificate Trust
Termination Date, have the meaning (if any) specified in the Pooling and
Servicing Agreement, and, if not defined therein, shall have the meaning
specified in Annex A to the Indenture and (ii) after the Certificate Trust
Termination

<PAGE>

Date, shall have the meaning specified in Annex A to the Indenture. In addition,
the following words and phrases shall have the following meanings:

         "Closing Date" means, collectively, (a) prior to the Certificate Trust
Termination Date, any "Closing Date" (as defined in the Pooling and Servicing
Agreement) and (b) any "Closing Date" (as defined in Annex A to the Indenture).

         "Enhancement" means, collectively, (a) prior to the Certificate Trust
Termination Date, any "Enhancement" (as defined in the Pooling and Servicing
Agreement) and (b) any "Enhancement" (as defined in Annex A to the Indenture).

         "Enhancement Provider" means, collectively, (a) prior to the
Certificate Trust Termination Date, any "Enhancement Provider" (as defined in
the Pooling and Servicing Agreement) and (b) any "Enhancement Provider" (as
defined in Annex A to the Indenture).

         "Existing Assets" means (i) the Transferor Interest (as defined in the
Pooling and Servicing Agreement), (ii) the Receivables existing at the opening
of business on the Effective Date and arising from the Accounts, (iii) all
Related Assets with respect to such Receivables, (iv) all right, title and
interest of RPA Seller (in its capacity as Transferor (as defined in the Pooling
and Servicing Agreement) but not as Servicer (as defined in the Pooling and
Servicing Agreement)) under the Existing PSA and the other Transaction Documents
(as defined in the Pooling and Servicing Agreement), including any loan
agreements and Supplements executed in connection with any Series of Investor
Certificates and (v) all right, title and interest of RPA Seller, in its
capacity as Transferor under (and as defined in) the Pooling and Servicing
Agreement to any funds on deposit in any Series Account (as defined in the
Pooling and Servicing Agreement) maintained for the benefit of any Series or
Class of Investor Certificates.

         "Holders" means the Certificateholders (as defined in the Pooling and
Servicing Agreement) and the Noteholders (as defined in Annex A to the
Indenture).

         "Pay Out Event" means (a) with respect to any Series of Investor
Certificates, a Pay Out Event (as defined in the Pooling and Servicing Agreement
and the applicable Supplement) for such Series and (b) with respect to any
Series of Notes, a Pay Out Event (as defined in and pursuant to Annex A to the
Indenture) for such Series.

         "Purchaser Documents" means this Agreement and each other Transaction
Document to which Purchaser is a party.

         "Rating Agency" means (a) with respect to any Series of Investor
Certificates, a "Rating Agency" (as defined in the Pooling and Servicing
Agreement) for such Series and (b) with respect to any Series of Notes, a
"Rating Agency" (as defined in Annex A to the Indenture) for such Series.

         "Rating Agency Condition" means, with respect to any action, that the
"Rating Agency Condition" (as defined in the Pooling and Servicing Agreement)
shall have been satisfied with respect to each outstanding Series of Investor
Certificates and that the "Rating Agency

                                       2
<PAGE>

Condition" (as defined in Annex A to the Indenture) shall have been satisfied
with respect to each outstanding Series of Notes.

         "Related Assets" means, with respect to any Receivable, all monies due
or to become due with respect thereto, all Collections, all Recoveries, all
Insurance Proceeds, all rights, remedies, powers and privileges with respect to
such Receivables, and all proceeds of the foregoing.

         "RPA Seller Documents" means this Agreement and each other Transaction
Document to which RPA Seller is a party.

         "Series" means, as the context requires, (a) any "Series" (as defined
in the Pooling and Servicing Agreement) or (b) any "Series" (as defined in Annex
A to the Indenture).

         "Supplement" means any "Supplement" to (and as defined in) the Pooling
and Servicing Agreement and any Indenture Supplement.

         "Transaction Documents" means, collectively, (a) prior to the
Certificate Trust Termination Date, the "Transaction Documents" (as defined in
the Pooling and Servicing Agreement) and (b) the "Transaction Documents" (as
defined in Annex A to the Indenture).

         SECTION 1.02. OTHER DEFINITIONAL PROVISIONS. All terms defined directly
or by reference in this Agreement shall have the defined meanings when used in
any certificate or other document delivered pursuant hereto unless otherwise
defined therein. For purposes of this Agreement and all such certificates and
other documents, unless the context otherwise requires: (i) accounting terms not
otherwise defined in this Agreement, and accounting terms partly defined in this
Agreement to the extent not defined, shall have the respective meanings given to
them under generally accepted accounting principles; (ii) terms defined in
Article 9 of the UCC as in effect in the State of Nebraska and not otherwise
defined in this Agreement are used as defined in that Article; (iii) any
reference to each Rating Agency shall only apply to any specific rating agency
if such rating agency is then rating the applicable outstanding Series at the
request of the Transferor or the Note Trust; (iv) references to any amount as
"on deposit" or "outstanding" on any particular date means such amount at the
close of business on such day; (v) the words "hereof," "herein" and "hereunder"
and words of similar import refer to this Agreement (or the certificate or other
document in which they are used) as a whole and not to any particular provision
of this Agreement (or such certificate or document); (vi) references to any
Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits
in or to this Agreement (or the certificate or other document in which the
reference is made), and references to any paragraph, Section, clause or other
subdivision within any Section or definition refer to such paragraph,
subsection, clause or other subdivision of such Section or definition; (vii) the
term "including" means "including without limitation"; (viii) references to any
law or regulation refer to that law or regulation as amended from time to time
and include any successor law or regulation; (ix) references to any Person
include that Person's successors and assigns; and (x) headings are for purposes
of reference only and shall not otherwise affect the meaning or interpretation
of any provision hereof.

                                       3

<PAGE>

                                   ARTICLE II

                      SALE AND CONTRIBUTION OF RECEIVABLES

         SECTION 2.01. SALES AND CONTRIBUTIONS.

                  (a) In consideration of the membership interest in Purchaser
         held by RPA Seller, RPA Seller agrees to contribute, and does hereby
         contribute to Purchaser, and Purchaser agrees to accept, and does
         hereby accept, from RPA Seller on the Effective Date, $25,000,000 of
         Existing Assets. The Existing Assets not so contributed to Purchaser on
         the Effective Date are hereby sold, transferred, set over, assigned and
         otherwise conveyed by RPA Seller to Purchaser for a purchase price to
         be agreed to by RPA Seller and Purchaser, which purchase price shall be
         payable on the Effective Date and shall not be materially less
         favorable to RPA Seller than prices for transactions of a generally
         similar character taking into account the quality of such Existing
         Assets and other pertinent factors. The purchase price for the Existing
         Assets (other than Existing Assets contributed to Purchaser) shall be
         deemed to be a borrowing under the Subordinated Note. The contribution
         and sale of the Existing Assets from RPA Seller to Purchaser are
         subject in each case to any rights in the Existing Assets transferred,
         assigned, set over or otherwise conveyed to the Certificate Trust
         Trustee pursuant to the Existing PSA. It is understood and agreed that
         the obligations of RPA Seller specified herein with respect to the
         Receivables, including its repurchase obligations under Article VI of
         this Agreement, shall apply to all Receivables, whether originated
         before, on or after the Effective Date and whether sold or contributed
         hereunder. RPA Seller and Purchaser hereby agree that each existing
         Receivable sold by RPA Seller to the Certificate Trust pursuant to the
         Existing PSA before the Effective Date shall be deemed to have been
         sold by RPA Seller to Purchaser on the date on which it was so sold to
         the Certificate Trust.

                  (b) RPA Seller hereby transfers, assigns, sets over and
         otherwise conveys to Purchaser without recourse (except as expressly
         provided herein), and Purchaser purchases and/or accepts as a capital
         contribution, as applicable, from RPA Seller, all of RPA Seller's
         right, title and interest in and to the Receivables arising from time
         to time in the Accounts and Related Assets with respect thereto (other
         than the Existing Assets); provided, however, that Principal
         Receivables originated after the occurrence of an Insolvency Event with
         respect to RPA Seller or Purchaser shall not be conveyed hereunder.

                  (c) RPA Seller agrees (i) to record and file, at its own
         expense, financing statements (and continuation statements when
         applicable) with respect to the Receivables now existing and hereafter
         created, meeting the requirements of applicable state law in such
         manner and in such jurisdictions as are necessary to perfect, and
         maintain perfection of, the conveyance of the Receivables to Purchaser
         and the first priority nature of Purchaser's interest in the
         Receivables and (ii) to deliver a file-stamped copy of such financing
         statements or other evidence of such filings to Purchaser and
         Receivables Trust Trustee (which evidence may, for purposes of this
         Section 2.01, consist of telephone

                                       4
<PAGE>

         confirmation of such filing to Purchaser and Receivables Trust Trustee,
         followed by delivery of a file stamped copy to Receivables Trust
         Trustee with a copy to Purchaser as soon as is practicable after
         filing) on or prior to the Effective Date, and in the case of any
         continuation statements filed pursuant to this Section 2.01, as soon as
         practicable after receipt thereof by RPA Seller.

                  (d) RPA Seller further agrees, at its own expense, (i) on or
         prior to (A) the Effective Date, in the case of any Accounts designated
         to the Certificate Trust prior to such date (and not subsequently
         removed), (B) the applicable Addition Date, in the case of Additional
         Accounts and (C) the applicable Removal Date, in the case of Removed
         Accounts, to indicate in its appropriate computer files that
         Receivables created in connection with the Accounts (other than Removed
         Accounts) have been sold to Purchaser pursuant to this Agreement and
         transferred by Purchaser to the Receivables Trust pursuant to the
         applicable Transfer Agreement for the benefit of the Holders (or
         conveyed to the Transferor or its designee in accordance with Section
         2.09 of the Pooling and Servicing Agreement or Section 2.07 of the
         Transfer and Servicing Agreement, as the case may be, in the case of
         Removed Accounts) by including in such computer files a code so
         identifying each such Account (or, in the case of Removed Accounts,
         deleting such code) and (ii) on or prior to the Effective Date to
         deliver to Purchaser and Receivables Trust Trustee a computer file or
         microfiche list specifying for each such Account designated to the
         Receivables Trust prior to such date (and not subsequently removed), as
         of the most recent calendar month end, its account number, the
         aggregate amount outstanding in such Account and the aggregate amount
         of Principal Receivables outstanding in such Account (the "Account
         Schedule"). The Account Schedule shall be supplemented from time to
         time to reflect Additional Accounts and Removed Accounts. Once the code
         referenced in clause (i) of this paragraph has been included with
         respect to any Account, RPA Seller further agrees not to alter such
         code during the term of this Agreement unless and until (x) such
         Account becomes a Removed Account or (y) RPA Seller shall have
         delivered to Purchaser, Receivables Trust Trustee and Owner Trustee at
         least 30 days' prior written notice of its intention to do so and has
         taken such action as is necessary or advisable to cause the respective
         interests of Purchaser and Receivables Trust Trustee in the Receivables
         and other Trust Assets to continue to be perfected with the priority
         required by this Agreement and the applicable Transfer Agreement,
         respectively.

                  (e) It is the intention of the parties hereto that the
         conveyances of the Existing Assets, the Receivables and the other
         Related Assets by RPA Seller to Purchaser as provided in this Section
         2.01 be, and be construed as, absolute sales or capital contributions,
         including for accounting purposes, without recourse except as
         explicitly provided herein, of the Existing Assets, the Receivables and
         the other Related Assets by RPA Seller to Purchaser. Furthermore, it is
         not intended that such conveyance be deemed a pledge of the Existing
         Assets, the Receivables and the other Related Assets by RPA Seller to
         Purchaser to secure a debt or other obligation of RPA Seller. If,
         however, notwithstanding the intention of the parties, the conveyance
         provided for in this Section 2.01 is determined to be a transfer for
         security, then this Agreement shall be deemed to be a security
         agreement and RPA Seller hereby grants to Purchaser a security

                                       5
<PAGE>

         interest in all of RPA Seller's right, title and interest in and to the
         Existing Assets, the Receivables and the other Related Assets.

         SECTION 2.02. ADDITION OF ADDITIONAL ACCOUNTS.

                  (a) REQUIRED ADDITIONS. If Purchaser is required, pursuant to
         Section 2.06 of the Pooling and Servicing Agreement or Section 2.06 of
         the Transfer and Servicing Agreement, to designate additional Eligible
         Accounts as Additional Accounts, Purchaser shall so notify RPA Seller.
         RPA Seller shall designate such Eligible Accounts as Additional
         Accounts and shall convey to Purchaser Receivables in such Additional
         Accounts, subject to the same qualifications and restrictions as are
         set forth in Section 2.06 of the Pooling and Servicing Agreement or
         Section 2.06 of the Transfer and Servicing Agreement, as applicable,
         with respect to Purchaser; provided, however, that the failure of RPA
         Seller to transfer Receivables to Purchaser as provided in this
         paragraph solely as a result of the unavailability of a sufficient
         amount of Eligible Receivables shall not constitute a breach of this
         Agreement; provided further, that any such failure which has not been
         timely cured will nevertheless result in the occurrence of a Pay Out
         Event with respect to each Series for which, pursuant to the Supplement
         therefor, a failure by Purchaser to convey Receivables in Additional
         Accounts to the Receivables Trust by the day on which it is required to
         convey such Receivables constitutes a Pay Out Event.

                  (b) PERMITTED ADDITIONS. Subject to the restrictions and
         qualifications set forth in Section 2.06 of the Pooling and Servicing
         Agreement or Section 2.06 of the Transfer and Servicing Agreement,
         Purchaser shall exercise its rights to designate additional Eligible
         Accounts as Additional Accounts (including Automatic Additional
         Accounts) pursuant to Sections 2.06(a) and (b) of the Pooling and
         Servicing Agreement or Sections 2.06(a) and (b) of the Transfer and
         Servicing Agreement when requested to do so by RPA Seller.

                  (c) DELIVERY OF DOCUMENTS. RPA Seller agrees to provide to
         Purchaser such information, certificates, financing statements,
         opinions and other materials as are reasonably necessary to enable
         Purchaser to satisfy its obligations under Section 2.06 of the Pooling
         and Servicing Agreement and Section 2.06 of the Transfer and Servicing
         Agreement with respect to Additional Accounts (including Automatic
         Additional Accounts), including (i) the computer file, microfiche list
         or written list required to be delivered with respect to such
         Additional Accounts and (ii) a duly executed, written assignment,
         substantially in the form of Exhibit A (the "Supplemental Conveyance").

                  (d) REPRESENTATIONS AND WARRANTIES. In connection with the
         designation of any Eligible Account as an Additional Account, RPA
         Seller shall represent and warrant that:

                           (i) each Additional Account is, as of the Addition
                  Date, an Eligible Account, and each Receivable in such
                  Additional Account is, as of the Addition Date, an Eligible
                  Receivable; no selection procedures believed by RPA Seller to

                                       6
<PAGE>

                  be materially adverse to the interests of Purchaser or the
                  Holders were utilized in selecting the Additional Accounts
                  from the available Eligible Accounts; and that as of the
                  Addition Date, RPA Seller is not insolvent; and

                           (ii) as of the Addition Date, the Supplemental
                  Conveyance constitutes a valid sale to Purchaser of all right,
                  title and interest of RPA Seller in and to the Receivables and
                  the Related Assets then existing and thereafter created from
                  time to time in the Additional Accounts, and such property
                  will be held by Purchaser free and clear of any Lien except as
                  permitted by Section 2.05(b) of the Pooling and Servicing
                  Agreement or the Transfer and Servicing Agreement, as
                  applicable.

         SECTION 2.03. REMOVAL OF ACCOUNTS. Purchaser may remove Accounts from
the Receivables Trust in accordance with Section 2.07 of the Pooling and
Servicing Agreement or Section 2.07 of the Transfer and Servicing Agreement. On
each day on which Accounts are so removed from the Receivables Trust pursuant to
either such Section 2.07, RPA Seller and Purchaser may, but shall not be
required to, by mutual agreement, remove Accounts from the operation of this
Agreement. RPA Seller agrees to provide to Purchaser such information,
certificates, financing statements, opinions and other materials as are
reasonably necessary to enable Purchaser to satisfy its obligations under
Section 2.07 of the Pooling and Servicing Agreement and Section 2.07 of the
Transfer and Servicing Agreement with respect to the removal of Accounts.

                                   ARTICLE III

                            CONSIDERATION AND PAYMENT

         SECTION 3.01. PURCHASE PRICE.

                  (a) The "Purchase Price" for the Receivables (including
         Receivables in Additional Accounts) to be conveyed to Purchaser under
         this Agreement that come into existence on or after the Effective Date
         shall be payable on each Business Day on which such Receivables are
         conveyed by RPA Seller to Purchaser in an amount equal to 100% of the
         Principal Receivables so conveyed, as such percentage may be adjusted
         from time to time to reflect such factors as RPA Seller and Purchaser
         mutually agree will result in a Purchase Price which approximates the
         fair market value of such Principal Receivables; provided, however,
         that no such adjustment shall be made unless the Rating Agency
         Condition is met. If and to the extent that Purchaser shall not have
         funds available to pay RPA Seller the Purchase Price for the
         Receivables transferred on any day, an amount equal to the portion of
         the Purchase Price for such Receivables for which Purchaser shall not
         have funds shall be deemed to be a borrowing by Purchaser from RPA
         Seller under the Subordinated Note; provided that no borrowing may be
         made under the Subordinated Note if, after giving effect to such
         borrowing, Purchaser Tangible Equity would be less than Required
         Purchaser Tangible Equity; and provided, further, that RPA Seller may,
         in its discretion, contribute Receivables on any Business Day and
         direct that the Purchase Price of such Receivables shall constitute a
         capital contribution from RPA Seller to Purchaser.

                                      7

<PAGE>

                  (b) RPA Seller is hereby authorized by Purchaser to endorse on
         the schedule attached to the Subordinated Note (or a continuation of
         such schedule attached thereto and made a part thereof) an appropriate
         notation evidencing the date and amount of each borrowing thereunder,
         as well as the date and amount of each payment made with respect
         thereto; provided that the failure of any Person to make such a
         notation shall not affect any obligations of Purchaser thereunder.

                  (c) The terms and conditions of the Subordinated Note and all
         borrowings thereunder shall be as follows:

                           (i) All amounts paid by Purchaser with respect to the
                  Subordinated Note shall be allocated first to the repayment of
                  accrued interest until all such interest is paid, and then to
                  outstanding principal of the Subordinated Note.

                           (ii) The outstanding principal amount of the
                  Subordinated Note shall bear interest at a fixed rate per
                  annum of 10% from the Effective Date, calculated based on a
                  360-day year of twelve 30-day months, or such other rate as
                  shall be agreed upon by RPA Seller and Purchaser from time to
                  time (any such rate, the "Subordinated Note Rate"). Interest
                  on the Subordinated Note shall be payable on December 16, 2002
                  and the 15th day of each calendar month thereafter, or if the
                  15th day is not a Business Day, the next Business Day (each
                  such date, an "Interest Payment Date"). If on any Interest
                  Payment Date, the amount of funds available to pay interest on
                  the Subordinated Note is insufficient to pay any amount due
                  under the Subordinated Note, then interest shall be payable
                  only to the extent funds are available. All interest in the
                  Subordinated Note that is not paid when due pursuant to this
                  paragraph shall be payable on the next Interest Payment Date
                  on which funds are available, and all such unpaid interest
                  shall accrue interest at the Subordinated Note Rate until paid
                  in full.

                           (iii) Purchaser may, at its option, prepay the
                  Subordinated Note at any time and from time to time, provided
                  that in no event shall RPA Seller or any holder of the
                  Subordinated Note have any right to demand any payment of
                  principal under the Subordinated Note prior to the date that
                  is one year and one day after the latest occurring Series
                  Termination Date for any Series of Investor Certificates or
                  any Series of Notes (the "Subordinated Note Maturity Date").

         SECTION 3.02. ADJUSTMENTS TO PURCHASE PRICE. During any Monthly Period,
if (a) Servicer adjusts downward the amount of any Receivable (i) because of a
rebate, refund, charge-back or other downward adjustment (including Servicer
errors) made without receiving Collections therefor or charging off such amount
as uncollectible or (ii) because such Receivable was created in respect of
merchandise which was refused or returned by an accountholder or as to which the
accountholder has asserted a counterclaim or defense, or (b) any Principal
Receivable is discovered by Servicer as having been created through a fraudulent
or counterfeit charge, then the Purchase Price shall be reduced as provided
below (a "Credit Adjustment"). The amount of such Credit Adjustment with respect
to any Receivable adjusted downward as described in clause (a) of the preceding
sentence, shall be equal to the amount of such adjustment

                                       8
<PAGE>

and, with respect to any Receivable described in clause (b) of the preceding
sentence, shall equal either (i) the Purchase Price paid for such Receivable by
Purchaser to RPA Seller (including any portion thereof deemed to be a borrowing
under the Subordinated Note or deemed to be a capital contribution from RPA
Seller to Purchaser) or (ii) in the case of any Receivable that was deemed to
have been sold to Purchaser by RPA Seller prior to the Effective Date, the
principal balance of such Receivable. The amount of any Credit Adjustment may be
offset against any amounts due from Purchaser to RPA Seller on such day,
provided that, subject to the following proviso, RPA Seller shall not be
obligated to make any cash payment with respect to a Credit Adjustment until the
Distribution Date following the Monthly Period in which such Credit Adjustment
arose; provided, further, that if, as a result of the occurrence of any event
giving rise to a Credit Adjustment, Purchaser is required to deposit funds into
the Excess Funding Account pursuant to Section 4.03 of the Pooling and Servicing
Agreement or Section 3.09 of the Transfer and Servicing Agreement, RPA Seller
shall pay Purchaser the amount by which the Purchase Price would be reduced in
immediately available funds on or before the date Purchaser is required to make
such deposit to the Excess Funding Account.

         SECTION 3.03. SETTLEMENT AND ONGOING PAYMENT OF PURCHASE PRICE. On each
Distribution Date, RPA Seller shall deliver a settlement statement (the
"Settlement Statement"), showing the aggregate Purchase Price of Receivables
conveyed to Purchaser during the prior Monthly Period (or, with respect to the
first Distribution Date following the Effective Date, the period from and
including the Effective Date through the last day of the calendar month
preceding such Distribution Date), and the amount which remains unpaid as Credit
Adjustments made with respect to such period pursuant to Section 3.02 or any
adjustment to the Purchase Price of Receivables with respect to such period
pursuant to Section 6.01, each of which shall reduce the aggregate Purchase
Price payable by Purchaser for such period. Any balance due from Purchaser to
RPA Seller shall be paid in accordance with Section 3.01. Any balance due from
RPA Seller to Purchaser shall be paid in immediately available funds.

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

         SECTION 4.01. REPRESENTATIONS AND WARRANTIES OF RPA SELLER RELATING TO
RPA SELLER.

                  (a) REPRESENTATIONS AND WARRANTIES. RPA Seller hereby
         represents and warrants to, and agrees with, Purchaser as of the
         Effective Date and on each Closing Date, that:

                           (i) Organization and Good Standing. RPA Seller is a
                  national banking association validly existing in good standing
                  under the laws of the United States, and has full corporate
                  power, authority and legal right to own its properties and
                  conduct its business as presently owned and conducted, and to
                  execute, deliver and perform its obligations under the RPA
                  Seller Documents.

                                       9
<PAGE>

                           (ii)     Due Qualification.  RPA Seller is duly
                  qualified to do business and is in good standing (or is exempt
                  from such requirements), and has obtained all necessary
                  licenses and approvals in each jurisdiction necessary to
                  conduct its business.

                           (iii) Due Authorization. The execution, delivery and
                  performance of the RPA Seller Documents and any other document
                  or instrument delivered pursuant hereto (such other documents
                  or instruments, collectively, the "Conveyance Papers") and the
                  consummation of the transactions provided for in the RPA
                  Seller Documents have been duly authorized by all necessary
                  corporate action on the part of RPA Seller or the Trust.

                           (iv) No Conflict. The execution and delivery of the
                  RPA Seller Documents by RPA Seller, the performance of the
                  transactions contemplated by the RPA Seller Documents, and the
                  fulfillment of the terms of the RPA Seller Documents
                  applicable to RPA Seller 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 RPA
                  Seller is a party or by which it or any of its properties are
                  bound.

                           (v) No Violation. The execution, delivery and
                  performance of the RPA Seller Documents by RPA Seller and the
                  fulfillment by RPA Seller of the terms hereof and thereof will
                  not conflict with or violate any Requirements of Law
                  applicable to RPA Seller.

                           (vi) No Proceedings. There are no proceedings or
                  investigations pending or, to the best knowledge of RPA
                  Seller, threatened against RPA Seller, before any court,
                  regulatory body, administrative agency or other tribunal or
                  governmental instrumentality (A) asserting the invalidity of
                  any RPA Seller Document, (B) seeking to prevent the
                  consummation of any of the transactions contemplated by the
                  RPA Seller Documents, (C) seeking any determination or ruling
                  that, in the reasonable judgment of RPA Seller, would
                  materially and adversely affect the performance by RPA Seller
                  of its obligations under any RPA Seller Document, (D) seeking
                  any determination or ruling that would materially and
                  adversely affect the validity or enforceability of any RPA
                  Seller Document or (E) seeking to affect adversely the income
                  tax attributes of the Certificate Trust or the Note Trust
                  under Federal or applicable state income or franchise tax
                  systems.

                           (vii) All Consents Required. All approvals,
                  authorizations, consents, orders or other actions of any
                  Person or Governmental Authority required in connection with
                  the execution and delivery by RPA Seller of the RPA Seller
                  Documents and the performance of the transactions contemplated
                  by the RPA Seller Documents by RPA Seller have been obtained,
                  effected or given and are in full force and effect.

                                       10
<PAGE>

                           (viii) Insolvency. RPA Seller is not insolvent, no
                  Insolvency Event with respect to RPA Seller has occurred, and
                  the transfer of the Trust Assets, the Existing Assets, the
                  Receivables and Related Assets by RPA Seller to Purchaser
                  contemplated hereby has not been made in contemplation of such
                  insolvency or Insolvency Event.

                           (ix)     Location.  RPA Seller's place of operations
                  is Omaha, Nebraska and there is no pending filing by RPA
                  Seller to change its place of operations.

                  (b) NOTICE OF BREACH; RELIANCE. The representations and
         warranties of RPA Seller set forth in this Section 4.01 shall survive
         the transfer and assignment by RPA Seller of the Receivables to
         Purchaser and the transfer and assignment by Purchaser of the
         Receivables to the Receivables Trust. Upon discovery by RPA Seller or
         Purchaser of a breach of any of the representations and warranties by
         RPA Seller set forth in this Section 4.01, the party discovering such
         breach shall give prompt written notice to the other, to the
         Receivables Trust Trustee and to each Enhancement Provider, if any,
         entitled thereto pursuant to the relevant Supplement. RPA Seller agrees
         to cooperate with Purchaser, Servicer and Receivables Trust Trustee in
         attempting to cure any such breach. RPA Seller hereby acknowledges that
         Purchaser intends to rely on the representations hereunder in
         connection with representations made by Purchaser to secured parties,
         assignees or subsequent transferees, including transfers made by
         Purchaser to the Certificate Trust pursuant to the Pooling and
         Servicing Agreement and to the Note Trust pursuant to the Transfer and
         Servicing Agreement.

         SECTION 4.02. REPRESENTATIONS AND WARRANTIES OF RPA SELLER RELATING TO
THE AGREEMENT AND THE RECEIVABLES.

                  (a) REPRESENTATIONS AND WARRANTIES. RPA Seller hereby
         represents and warrants to Purchaser as of the Effective Date and, with
         respect to Additional Accounts, as of the related Addition Date that:

                           (i) Enforceability. Each RPA Seller Document and, in
                  the case of Additional Accounts, the related Supplemental
                  Conveyance, when executed and delivered on behalf of RPA
                  Seller, constitutes a legal, valid and binding obligation of
                  RPA Seller, enforceable against RPA Seller in accordance with
                  its terms, except as such enforceability may be limited by
                  applicable Debtor Relief Laws now or hereafter in effect and
                  by general principles of equity (whether considered in a suit
                  at law or in equity).

                           (ii) Accurate Account Schedule. As of the Effective
                  Date, as of each Addition Date with respect to Additional
                  Accounts, and as of each Removal Date with respect to Removed
                  Accounts, the Account Schedule delivered pursuant to this
                  Agreement, as supplemented to such date, is an accurate and
                  complete listing in all material respects of all the Accounts
                  as of each such date (or, with respect to the Account Schedule
                  delivered on the Effective Date, as of the most recent month
                  end) and the information contained therein with respect to the
                  identity of

                                       11

<PAGE>

                  such Accounts and the Receivables existing thereunder is true
                  and correct in all material respects as of such specified
                  date.

                           (iii) No Liens. RPA Seller is the legal and
                  beneficial owner of all right, title and interest in each
                  Receivable and RPA Seller has the full right, power and
                  authority to transfer the Receivables pursuant to this
                  Agreement, and each Receivable conveyed to Purchaser by RPA
                  Seller has been conveyed to Purchaser free and clear of any
                  Lien (other than Liens permitted under Section 2.05(b) of the
                  Pooling and Servicing Agreement or Section 2.05(b) of the
                  Transfer and Servicing Agreement) and in compliance, in all
                  material respects, with all Requirements of Law applicable to
                  the Credit Card Originator and/or RPA Seller.

                           (iv) Consents. All approvals, licenses,
                  authorizations, consents, orders or other actions of any
                  Person or registrations or declarations with any Governmental
                  Authority required in connection with the conveyance of each
                  Receivable then existing to Purchaser by RPA Seller have been
                  duly obtained, effected or given and are in full force and
                  effect.

                           (v) Valid Transfer. This Agreement or, in the case of
                  Additional Accounts, the related Supplemental Conveyance, upon
                  execution and delivery on behalf of RPA Seller, constitutes a
                  valid sale, transfer and assignment to Purchaser of all right,
                  title and interest of RPA Seller in and to the Existing
                  Assets, the Receivables and the other Related Assets conveyed
                  to Purchaser by RPA Seller.

                           (vi) Accounts. Except as otherwise expressly provided
                  in this Agreement, the Pooling and Servicing Agreement or any
                  Supplement thereto, the Transfer and Servicing Agreement, the
                  Indenture or any Indenture Supplement neither RPA Seller nor
                  any Person (other than the Receivables Trust Trustee) has any
                  claim to or interest in the Collection Account, the Excess
                  Funding Account, any Series Account or any Enhancement.

                           (vii) Eligible Accounts. With respect to each
                  Account, including each Additional Account, on the date it
                  becomes an Account, each such Account is classified as an
                  Eligible Account.

                           (viii) Eligible Receivables. On the date each
                  Additional Account becomes an Account, each Receivable
                  contained in such Additional Account is an Eligible Receivable
                  and, with respect to all Accounts, as of the date of the
                  creation of any new Receivable, such Receivable is an Eligible
                  Receivable.

                           (ix) No Adverse Selection. No selection procedures
                  believed by RPA Seller to be materially adverse to the
                  interests of Purchaser or the Holders were used in selecting
                  the Accounts from the available Eligible Accounts.

                           (x) Subsequent Receivables. On each day on which any
                  new Receivable is created, RPA Seller represents and warrants
                  to the Purchaser that

                                       12

<PAGE>

                  the representations and warranties made in Section 4.02(a)(i),
                  (iii), (iv) and (v) and 4.02(b) are true and correct with
                  respect to each such Receivable as of such day of creation.

                  (b) PERFECTION REPRESENTATIONS AND WARRANTIES. Debtor hereby
         makes the Perfection Representations and Warranties to the Secured
         Party. For purposes of this Section 4.02(b): Debtor shall mean RPA
         Seller, Secured Party shall mean Purchaser, and Specified Agreement
         shall mean this Receivables Purchase Agreement. The rights and remedies
         with respect to any breach of the Perfection Representations and
         Warranties made under this Section 4.02(b) shall be continuing and
         shall survive any termination of the Specified Agreement. Secured Party
         shall not waive a breach of any Perfection Representation and Warranty.
         In order to evidence the interests of Debtor and Secured Party under
         the Specified Agreement, the Debtor and Servicer shall, from time to
         time take such action, and execute and deliver such instruments
         (including, without limitation, such actions or filings as are
         requested by the Secured Party and financing statements under the UCC
         as enacted and then in effect in any other jurisdiction in which the
         Debtor is organized, has its principal place of business or maintains
         any books, records, files or other information concerning the
         Receivables) in order to maintain and perfect, as a first priority
         interest, the Secured Party's security interest in the Receivables.
         Debtor hereby authorizes Servicer to file financing statements under
         the UCC without Debtor's signature where allowed by applicable law.

                  (c) NOTICE OF BREACH; RELIANCE. The representations and
         warranties of RPA Seller set forth in this Section 4.02 shall survive
         the transfer and assignment by RPA Seller of the Receivables to
         Purchaser and the transfer and assignment by Purchaser of the
         Receivables to the Receivables Trust. Upon discovery by RPA Seller or
         Purchaser of a breach of any of the representations and warranties by
         RPA Seller set forth in this Section 4.02, the party discovering such
         breach shall give prompt written notice to the other, to the
         Receivables Trust Trustee and to each Enhancement Provider, if any,
         entitled thereto pursuant to the relevant Supplement. RPA Seller hereby
         acknowledges that Purchaser intends to rely on the representations
         hereunder in connection with representations made by Purchaser to
         secured parties, assignees or subsequent transferees, including
         transfers made by Purchaser to the Certificate Trust pursuant to the
         Pooling and Servicing Agreement and to the Note Trust pursuant to the
         Transfer and Servicing Agreement. RPA Seller agrees to cooperate with
         Purchaser, Servicer and Receivables Trust Trustee in attempting to cure
         any such breach.

         SECTION 4.03. REPRESENTATIONS AND WARRANTIES OF PURCHASER.

                  (a) REPRESENTATIONS AND WARRANTIES. As of the Effective Date
         and each Closing Date, Purchaser hereby represents and warrants to, and
         agrees with, RPA Seller that:

                           (i) Organization and Good Standing. Purchaser is a
                  limited liability company validly existing in good standing
                  under the laws of the State of Delaware and has full power and
                  authority to own its properties and conduct its

                                       13
<PAGE>

                  business as presently owned and conducted and to execute,
                  deliver and perform its obligations under the Purchaser
                  Documents.

                           (ii) Due Authorization. The execution and delivery of
                  the Purchaser Documents and the consummation of the
                  transactions provided for in the Purchaser Documents have been
                  duly authorized by Purchaser by all necessary limited
                  liability company action on the part of Purchaser.

                           (iii) No Conflict. The execution and delivery of the
                  Purchaser Documents, the performance of the transactions
                  contemplated by the Purchaser Documents, 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 Purchaser is a party or by which it or any
                  of its properties are bound.

                           (iv) No Violation. The execution, delivery and
                  performance of the Purchaser Documents by Purchaser and the
                  fulfillment by Purchaser of the terms contemplated herein and
                  therein will not conflict with or violate any Requirements of
                  Law applicable to Purchaser.

                           (v) No Proceedings. There are no proceedings or
                  investigations pending or, to the best knowledge of Purchaser,
                  threatened against Purchaser, before any court, regulatory
                  body, administrative agency, or other tribunal or governmental
                  instrumentality (A) asserting the invalidity of any Purchaser
                  Document, (B) seeking to prevent the consummation of any of
                  the transactions contemplated by the Purchaser Documents, (C)
                  seeking any determination or ruling that, in the reasonable
                  judgment of Purchaser, would materially and adversely affect
                  the performance by Purchaser of its obligations under any
                  Purchaser Document or (D) seeking any determination or ruling
                  that would materially and adversely affect the validity or
                  enforceability of any Purchaser Document.

                           (vi) All Consents Required. All approvals,
                  authorizations, consents, orders or other actions of any
                  Person or Governmental Authority required in connection with
                  the execution and delivery by Purchaser of the Purchaser
                  Documents, the performance by Purchaser of the transactions
                  contemplated by the Purchaser Documents and the fulfillment by
                  Purchaser of the terms hereof and thereof, have been obtained,
                  effected or given and are in full force and effect.

                  (b) NOTICE OF BREACH. The representations and warranties of
         Purchaser set forth in this Section 4.03 shall survive the transfer and
         assignment by RPA Seller of the Existing Assets to Purchaser. RPA
         Seller and Purchaser acknowledge and agree that no breach of any
         representation or warranty of Purchaser made hereunder shall invalidate
         any conveyance of Existing Assets made by RPA Seller hereunder. Upon
         discovery by

                                       14

<PAGE>

         RPA Seller or Purchaser of a breach of any of the representations and
         warranties by Purchaser set forth in this Section 4.03, the party
         discovering such breach shall give prompt written notice to Receivables
         Trust Trustee, the Indenture Trustee, the Owner Trustee, and to each
         Enhancement Provider, if any, entitled thereto pursuant to the relevant
         Supplement. Purchaser agrees to cooperate with RPA Seller, Servicer and
         Receivables Trust Trustee in attempting to cure any such breach. For
         purposes of the representations and warranties set forth in this
         Section 4.03, each reference to a Supplement shall be deemed to refer
         only to those Supplements in effect as of the relevant date.

                                    ARTICLE V

                              RPA SELLER COVENANTS

         RPA Seller hereby covenants and agrees with Purchaser as follows:

                  (a) RECEIVABLES NOT TO BE EVIDENCED BY PROMISSORY NOTES. RPA
         Seller will take no action to cause any Receivable transferred by it
         pursuant hereto to be evidenced by any "instrument" (as defined in the
         UCC) or to be anything other than an "account" (as defined in the UCC)
         and, if any such Receivable is so evidenced (whether or not in
         connection with the enforcement or collection of an Account), it shall
         be an Ineligible Receivable in accordance with Section 6.01.

                  (b) SECURITY INTERESTS. Except for the conveyances hereunder
         or as otherwise provided herein, RPA 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, whether now existing or
         hereafter created, or any interest therein; RPA Seller will immediately
         notify Purchaser of the existence of any Lien on any Receivable of
         which RPA Seller has knowledge; and RPA Seller shall defend the right,
         title and interest of Purchaser and its assigns in, to and under the
         Receivables, whether now existing or hereafter created, against all
         claims of third parties, provided that nothing in this paragraph (b)
         shall prevent or be deemed to prohibit RPA Seller from suffering to
         exist upon any of the Receivables any Lien for taxes if such taxes
         shall not at the time be due and payable or if RPA Seller shall
         currently be contesting the validity thereof in good faith by
         appropriate proceedings and shall have set aside on its books adequate
         reserves with respect thereto.

                  (c) DELIVERY OF COLLECTIONS OR RECOVERIES. If RPA Seller
         receives Collections or Recoveries, RPA Seller agrees to pay to
         Purchaser (or the Servicer if Purchaser so directs) all such
         Collections and Recoveries as soon as practicable after receipt thereof
         but in no event later than two Business Days after the Date of
         Processing by RPA Seller, provided that for so long as RPA Seller is
         acting as Servicer pursuant to the applicable Transfer Agreement, RPA
         Seller shall apply Collections and Recoveries received by it in
         accordance with the applicable Transfer Agreement.

                  (d) NOTICE OF LIENS. RPA Seller shall notify Purchaser
         promptly after becoming aware of any Lien on any Receivable other than
         the conveyances hereunder or

                                       15
<PAGE>

         under the Pooling and Servicing Agreement, the Transfer and Servicing
         Agreement or the Indenture or any Lien permitted under paragraph (b) of
         Article V hereof, Section 2.05(b) of the Pooling and Servicing
         Agreement or Section 2.05(b) of the Transfer and Servicing Agreement.

                  (e) DOCUMENTATION OF TRANSFER. RPA Seller shall cause this
         Agreement, all amendments hereto and/or all financing statements and
         continuation statements and any other necessary documents covering
         ownership interest in the Existing Assets, the Receivables and Related
         Assets 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 Purchaser hereunder to the Existing
         Assets, the Receivables and the Related Assets. RPA Seller shall
         deliver to the Receivables Trust Trustee file-stamped copies of, or
         filing receipts for, any document recorded, registered or filed as
         provided above, as soon as available following such recording,
         registration or filing. RPA Seller shall cooperate fully with the
         Servicer and the Receivables Trust Trustee in connection with the
         obligations set forth above and will execute any and all documents
         reasonably required to fulfill the intent of this subsection (e).

                  RPA Seller will deliver to the Receivables Trust Trustee: (i)
         upon each date that any Additional Accounts are to be included in the
         Accounts pursuant to Section 2.02, an Opinion of Counsel substantially
         in the form of Exhibit C; and (ii) on or before March 31 of each year,
         beginning with March 31, 2003, an Opinion of Counsel, substantially in
         the form of Exhibit D.

                  (f) CONVEYANCE OF ACCOUNTS. RPA Seller covenants and agrees
         that it will not convey, assign, exchange or otherwise transfer the
         Accounts to any Person so long as any Securities are outstanding under
         the Indenture or the Pooling and Servicing Agreement; provided,
         however, that RPA Seller shall not be prohibited from conveying,
         assigning, exchanging or otherwise transferring the Accounts in
         connection with a transaction complying with the provisions of Section
         9.05.

                  (g) SALE. RPA Seller agrees to treat the conveyance of the
         Receivables to Purchaser hereunder as a sale for all purposes
         (including all tax and financial accounting purposes).

                  (h) CONTINUOUS PERFECTION. RPA Seller shall not change its
         name, identity, structure, place of operations or main office in any
         manner that might cause any financing or continuation statement filed
         pursuant to this Agreement to be misleading unless RPA Seller shall
         have delivered to Purchaser and Indenture Trustee at least 30 days'
         prior written notice thereof and, no later than 30 days after making
         such change, shall have taken all action necessary or advisable to file
         new appropriate financing statements and/or amend such financing
         statement or continuation statement so that it is not misleading, in
         either case, as necessary to cause the interest of the Purchaser in the
         Receivables, the other Existing Assets and the other Related Assets to
         continue to be perfected with the priority required by this Agreement.
         RPA Seller shall not change the

                                       16
<PAGE>

         jurisdiction under whose laws it is organized, its chief executive
         office or change the location of its principal records concerning the
         Receivables or the Collections unless it has delivered to Purchaser at
         least 30 days' prior written notice of its intention to do so and
         notice as to whether, as a result of such change, 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 has filed such amendments or financing
         statements and otherwise taken action as is necessary or advisable to
         cause the interest of Purchaser in the Receivables, the other Existing
         Assets and the other Related Assets to continue to be perfected with
         the priority required by this Agreement.

                  (i) CREDIT CARD AGREEMENTS AND GUIDELINES. RPA Seller shall
         comply with and perform its obligations under the Credit Card
         Agreements relating to the Accounts and the Credit Card Guidelines and
         all applicable rules and regulations of VISA USA, Inc. and MasterCard
         International Incorporated except insofar as any failure to comply or
         perform would not materially or adversely affect the rights and
         interests of the Receivables Trust Trustee, the Issuer, the
         Certificateholders or the Noteholders under the Investor Certificates
         or any other Transaction Documents. Except as expressly provided in any
         Supplement, RPA Seller may change the terms and provisions of the
         Credit Card Agreements or the Credit Card Guidelines in any respect
         (including the reduction of the required minimum monthly payment, the
         calculation of the amount, or the timing, of charge offs and Periodic
         Finance Charges and other fees assessed thereon), but only if such
         change (i) would not, in the reasonable belief of RPA Seller, cause a
         Pay Out Event to occur, and (ii) is made applicable to a substantial
         portion of a comparable segment of the revolving credit card accounts
         owned and serviced by RPA Seller which have characteristics the same
         as, or substantially similar to, the Accounts that are the subject of
         such change, except as otherwise restricted by an endorsement,
         sponsorship or other agreement between RPA Seller and an unrelated
         third party or by the terms of the Credit Card Agreements; provided,
         however, with respect to RPA Seller, that clause (ii) shall be deemed
         to be satisfied at any time that the Transferor Interest exceeds 14% of
         the Principal Receivables; and provided, further, that for purposes of
         FNBO's debt deferral and debt cancellation program, the requirements of
         subsection 2.05(c)(ii) shall be deemed to be satisfied if the
         opportunity to initiate the change is made available to a substantial
         portion of the comparable segment of the revolving credit card accounts
         owned and serviced by FNBO which have characteristics the same as, or
         substantially similar to, the Accounts to which such opportunity is
         made available. In addition, except as otherwise required by any
         Requirement of Law, or as is deemed by RPA Seller to be necessary in
         order for RPA Seller to maintain its credit card business, based upon a
         good faith assessment by RPA Seller of the nature of the competition in
         the credit card business, RPA Seller shall not at any time reduce the
         Periodic Finance Charges assessed on any Receivable or other fees on
         any Account if, as a result of such reduction, RPA Seller's reasonable
         expectation of the Portfolio Yield for any Series (as defined in the
         applicable Supplement) as of such date would be less than the then Base
         Rate for such Series (as defined in such Supplement).

                                       17
<PAGE>

                  (j) INSURED STATUS UNDER THE FDIA. RPA Seller shall preserve
         its status as an insured bank under the FDIA by insuring its deposits
         with the FDIC in accordance with the provisions of the FDIA and FDIC
         regulations.

                  (k) SEPARATE CORPORATE EXISTENCE. RPA Seller hereby
         acknowledges that the Certificate Trust Trustee, the Indenture Trustee,
         the Owner Trustee, the Holders and the Issuer are, and will be,
         entering into the transactions contemplated by the Transaction
         Documents in reliance upon Purchaser's identity as a legal entity
         separate from RPA Seller, the Servicer and any other Person. Therefore,
         RPA Seller shall take all reasonable steps to maintain its existence as
         a corporation separate and apart from Purchaser and to make it apparent
         to third parties that RPA Seller is an entity with assets and
         liabilities distinct from those of Purchaser and that Purchaser is not
         a division of RPA Seller.

                  (l) ACCOUNT ALLOCATIONS. In the event that RPA Seller is
         unable for any reason to transfer Receivables to the Purchaser in
         accordance with the provisions of this Agreement (including, without
         limitation, by reason of the application of the provisions of Section
         8.02 or an order by any federal governmental agency having regulatory
         authority over RPA Seller or any court of competent jurisdiction that
         RPA Seller not transfer any additional Principal Receivables to the
         Purchaser) then, in any such event, (i) RPA Seller agrees to allocate
         and pay to the Purchaser, after the date of such inability, all
         Collections with respect to Principal Receivables, and all amounts
         which would have constituted Collections with respect to Principal
         Receivables but for RPA Seller's inability to transfer such Receivables
         (up to an aggregate amount equal to the amount of Principal Receivables
         transferred to Purchaser prior to such date); (ii) RPA Seller agrees to
         have such amounts applied as Collections in accordance with the
         Transaction Documents; and (iii) for only so long as all Collections
         and all amounts which would have constituted Collections are allocated
         and applied in accordance with clauses (i) and (ii) above, Principal
         Receivables (and all amounts which would have constituted Principal
         Receivables but for RPA Seller's inability to transfer Receivables to
         the Purchaser) that are written off as uncollectible in accordance with
         this Agreement shall continue to be allocated in accordance with the
         Transaction Documents, and all amounts that would have constituted
         Principal Receivables but for RPA Seller's inability to transfer
         Receivables to the Purchaser shall be deemed to be Principal
         Receivables for the purpose of calculating (A) the applicable Investor
         Percentage with respect to any Series and (B) the Aggregate Investor
         Percentage thereunder. If RPA Seller is unable pursuant to any
         Requirement of Law to allocate Collections as described above, RPA
         Seller agrees that it shall in any such event 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 Transaction Documents. The parties hereto agree
         that Finance Charge Receivables, whenever created, accrued in respect
         of Principal Receivables that have been conveyed to the Purchaser, or
         that would have been conveyed to the Purchaser but for the above
         described inability to transfer such Receivables, shall continue to be
         owned by Purchaser or its assignee notwithstanding any cessation of the
         transfer of additional Principal Receivables to the Purchaser and
         Collections with respect thereto shall continue to be allocated and
         paid in accordance with the Transaction Documents.

                                       18
<PAGE>
                  (m) OFFICIAL RECORDS. The resolutions of the Board of
         Directors of RPA Seller approving each of the Transaction Documents and
         all documents relating thereto are and shall be continuously reflected
         in the minutes of the Board of Directors of RPA Seller and in the
         official records of RPA Seller. Each of the Transaction Documents and
         all documents relating thereto are and shall, continuously from the
         time of their respective execution by RPA Seller, be official records
         of RPA Seller.

                  (n) INDEMNIFICATION.

                           (i) RPA Seller shall indemnify and hold harmless the
                  Receivables Trust, Issuer, the Owner Trustee (in its
                  individual capacity and as Owner Trustee), the Certificate
                  Trustee, the Indenture Trustee, and their officers, directors,
                  employees and agents (each, an "Indemnified Person") from and
                  against any claim, action, suit, cost, loss, liability,
                  expense (including reasonable fees and expenses of agents and
                  counsel), damage or injury, of any kind and nature whatsoever,
                  suffered or sustained by reason of any acts, omissions or
                  alleged acts or omissions arising out of or based upon the
                  arrangement created by this Agreement or any Supplement or any
                  other Transaction Document, 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 RPA Seller shall not indemnify any such Indemnified
                  Person if such acts, omissions or alleged acts or omissions
                  constitute or are caused by fraud, negligence or willful
                  misconduct by such Indemnified Person; and provided, further,
                  that RPA Seller shall not indemnify the Receivables Trust, the
                  Issuer or the Holders for any liabilities, costs or expenses
                  with respect to any action taken by the Receivables Trustee at
                  the direction of Holders, or by Indenture Trustee at the
                  direction of Noteholders, made in accordance with the
                  applicable Transaction Documents; and provided, further, that
                  RPA Seller shall not indemnify the Receivables Trust, the
                  Issuer or the Holders as to any losses, claims or damages that
                  would be incurred by any of them if the Investor Certificates
                  were notes secured by the Receivables, for example, as a
                  result of the performance of the Receivables, market
                  fluctuations, a shortfall or failure to make payment under any
                  Enhancement or other similar market or investment risks
                  associated with ownership of such secured notes; and provided,
                  further, that RPA Seller shall not indemnify the Receivables
                  Trust, the Issuer or the Holders, the Note Owners or the
                  Certificate Owners for any liabilities, costs or expenses of
                  the Receivables Trust, the Issuer or the Holders for any
                  liabilities, costs or expenses arising under any tax law,
                  including, without limitation, any federal, state, local or
                  foreign income or franchise taxes or any other tax imposed on
                  or measured by income (or any interest or penalties with
                  respect thereto or arising from a failure to comply therewith)
                  required to be paid by the Receivables Trust, the Issuer or
                  the Holders in connection herewith to any taxing authority.
                  Any such indemnifications under this Article V, paragraph (n),
                  shall not be payable from the assets of the Receivables Trust
                  or the Issuer.

                                       19
<PAGE>
                           (ii) RPA Seller shall not be liable under this
                  Section 5(n) for any settlement of any claim or action
                  effected without its prior written consent, which shall not be
                  unreasonably withheld.

                           (iii) Promptly after receipt by an injured party
                  under this Section 5(n) of notice of the commencement of any
                  action or proceeding for which such injured party is entitled
                  to indemnification under this Section 5(n), such injured party
                  will, if a claim in respect thereof is to be made against RPA
                  Seller under this Section 5(n), notify RPA Seller of the
                  commencement thereof; but the omission to so notify RPA Seller
                  (i) will not relieve it from any liability under Section 5(n)
                  unless and to the extent that such failure to notify results
                  in the forfeiture by RPA Seller, or the material impairment,
                  of substantial rights and defenses and (ii) will not, in any
                  event, relieve RPA Seller from any obligations to any injured
                  party that are in addition to the indemnification obligation
                  provided in this Section 5(n). If any such action or
                  proceeding is brought that involves any injured party, the
                  injured party shall promptly notify RPA Seller of the
                  commencement thereof and RPA Seller will be entitled to
                  participate therein and, to the extent that it may wish, to
                  assume the defense thereof, with counsel reasonably
                  satisfactory to such injured party; provided, however, that if
                  (x) the use of counsel chosen by RPA Seller to represent the
                  injured party would present such counsel with a conflict of
                  interest which, if such counsel had been retained, would have
                  required such counsel to withdraw from such representation,
                  (y) the injured party shall have been advised by counsel that
                  there may be one or more legal defenses available to it that
                  are different from or additional to those available to RPA
                  Seller or to other indemnified parties, or (z) RPA Seller
                  shall not have employed counsel satisfactory to the injured
                  party to represent the injured party within a reasonable time
                  after receipt by RPA Seller of notice of the institution of
                  such action or proceeding, then, in each such case, (1) RPA
                  Seller shall not have the right to direct the defense of such
                  action on behalf of such injured party or parties, (2) such
                  injured party or parties shall have the right to select
                  separate counsel to defend such action on behalf of such
                  injured party or parties (provided that, if more than one
                  injured party is subject to the circumstances described in
                  clause (y), then, to the extent permitted by the rules of
                  professional conduct applicable to attorneys, all such
                  indemnified parties shall be represented by one such separate
                  counsel) and (3) all costs and expenses of each such injured
                  party in connection with such action or proceeding shall be
                  paid by RPA Seller pursuant to Section 5(n)(i) above. The
                  Transferor may settle any claim for which an injured party
                  seeks indemnification under this Section 5(n) so long as (A)
                  RPA Seller pays the settlement in full and (B) as a result
                  thereof, the injured party is released from all liability
                  under such claim.

                           (iv) After notice from RPA Seller to such injured
                  party of RPA Seller's election so to assume the defense
                  thereof and approval by such injured party of counsel
                  appointed to defend such action, RPA Seller will not be liable
                  to such injured party under this Section 5(n) for any legal or
                  other expenses, other than reasonable costs of investigation,
                  subsequently incurred by such injured party in

                                       20
<PAGE>
                  connection with the defense thereof, unless (i) the injured
                  party shall have employed separate counsel in accordance with
                  the immediately preceding paragraph or (ii) RPA Seller has
                  authorized in writing the employment of counsel for the
                  injured party at the expense of RPA Seller. If RPA Seller
                  assumes the defense of any such action or proceeding, the
                  injured party shall have the right to employ separate counsel
                  therein, and to participate in the defense thereof, but the
                  fees and expenses of such counsel shall be borne exclusively
                  by such injured party without any right or entitlement to
                  reimbursement by RPA Seller or its Affiliates except as
                  otherwise provided in the preceding sentence and in the
                  preceding paragraph.

                           (v) The provisions of this Section 5(n) shall (A)
                  survive the termination of this Agreement, the termination of
                  the Trust Agreement and the earlier removal or resignation of
                  the Owner Trustee and (B) run directly to and be enforceable
                  by any injured party, subject to the limitations hereof.

                  (o) RPA SELLER COVENANTS. RPA Seller shall deliver to
         Purchaser and Indenture Trustee:

                           (i) within 60 days after the end of each quarterly
                  fiscal period in its fiscal year, copies of its unconsolidated
                  financial statements, certified as complete and correct,
                  subject to normal changes resulting from year-end audit
                  adjustments, by its chief financial officer;

                           (ii) within 90 days after the end of the its fiscal
                  year, copies of consolidated financial statements for such
                  year, certified by independent accountants of nationally
                  recognized standing selected by it or, if no such
                  unconsolidated certified financial statements are prepared,
                  the consolidated financial statements of the parent of such
                  party certified by independent accountants of nationally
                  recognized standing selected by it;

                           (iii) promptly upon a Responsible Officer's becoming
                  aware thereof, written notice of material changes in the terms
                  of the Accounts or servicing and collection policies of
                  Servicer which may reasonably be expected to have a material
                  adverse effect on the interests of the Noteholders; and

                           (iv) promptly upon a Responsible Officer's becoming
                  aware thereof, written notice of material litigation or
                  regulatory action which is commenced against RPA Seller or
                  Servicer which may reasonably be expected to have a material
                  adverse effect on the interests of the Noteholders.

                  (p) INTERCHANGE. On or prior to each Determination Date, RPA
         Seller shall notify Servicer of the amount of Interchange to be
         included as Collections of Finance Charge Receivables allocable to the
         Accounts with respect to the Related Monthly Period ("Account
         Interchange Amount"), which amount shall be equal to the product of:

                                       21
<PAGE>
                           (i) the total amount of Interchange paid or payable
                  to RPA Seller with respect to such Related Monthly Period; and

                           (ii) a fraction the numerator of which is the volume
                  during the Related Monthly Period of sales net of cash
                  advances on the Accounts and the denominator of which is the
                  amount of sales net of cash advances during the Related
                  Monthly Period on all VISA and MasterCard accounts owned by
                  RPA Seller.

         On each Transfer Date, RPA Seller shall (1) pay to Servicer, and
         Servicer shall deposit into the Collection Account, as Collections of
         Finance Charge Receivables, in immediately available funds, an amount
         equal to the product of (a) the Account Interchange Amount for the
         Related Monthly Period and (b) the sum of the Allocation Percentages
         and Investor Percentages for Finance Charge Collections for the
         outstanding Series with respect to such Monthly Period, and (2) pay any
         excess of the Account Interchange Amount over the amount deposited
         pursuant to clause (1), each for the Related Monthly Period, to
         Transferor.

                                   ARTICLE VI

                              REPURCHASE OBLIGATION

         SECTION 6.01. REASSIGNMENT OF INELIGIBLE RECEIVABLES. If (a) any
representation or warranty under Section 2.02(d) or Section 4.02 is not true and
correct in any material respect as of the date specified therein with respect to
any Receivable or any related Account or (b) any representation or warranty made
by RPA Seller pursuant to Section 2.04 of the Existing PSA is not true and
correct in any material respect as of the date specified therein with respect to
any Receivable transferred to the Certificate Trust prior to the Effective Date
or any related Account and, in either case, as a result thereof Purchaser is
required to accept a reassignment of Ineligible Receivables pursuant to Section
2.04(d) of the Pooling and Servicing Agreement or Section 2.04(d) of the
Transfer and Servicing Agreement, RPA Seller shall pay to Purchaser an amount in
cash equal to either (i) the Purchase Price paid for any such Ineligible
Receivable by Purchaser to RPA Seller (including any portion thereof deemed to
be a borrowing under the Subordinated Note or deemed to be a capital
contribution from RPA Seller to Purchaser) or (ii) in the case of any Receivable
that was deemed to have been sold to Purchaser by RPA Seller prior to the
Effective Date, the principal balance of such Receivable. Such amount may be
offset against any amounts due from Purchaser to RPA Seller with respect to the
Purchase Price for Receivables sold to Purchaser on such day; provided that RPA
Seller shall not be obligated to make any such cash payment until the
Distribution Date following a Monthly Period with respect to amounts owing for
such Monthly Period in accordance with Section 3.03. The obligation of RPA
Seller set forth in this Section shall constitute the sole remedy respecting any
breach of the representations and warranties set forth in the above-referenced
Sections or failure to meet the conditions set forth in the definition in the
Pooling and Servicing Agreement or the Indenture of Eligible Receivable with
respect to such Receivable available to Purchaser.

                                       22
<PAGE>
         SECTION 6.02. REASSIGNMENT OF HOLDERS' INTEREST IN TRUST PORTFOLIO. If
(a) any representation or warranty set forth in Section 4.01(a) or Section 4.02
is not true and correct in any material respect or (b) any representation or
warranty made by RPA Seller pursuant to Section 2.03(a), (b) or (c) or Section
2.04(a) of the Existing PSA with respect to any Receivable transferred to the
Certificate Trust prior to the Effective Date or any related Account is not true
and correct in any material respect and, in either case, as a result thereof
Purchaser is required to accept a reassignment of the Receivables transferred to
the Receivables Trust by Purchaser pursuant to Section 2.04(e) of the Pooling
and Servicing Agreement or Section 2.04(f) of the Transfer and Servicing
Agreement, RPA Seller shall be obligated to accept a reassignment of Purchaser's
interest in such Receivables on the terms set forth below.

         RPA Seller shall pay to Purchaser by depositing in the Collection
Account in same-day funds, not later than 10:00 a.m., New York City time, on the
Transfer Date following the Monthly Period in which such reassignment obligation
arises, in payment for such reassignment, an amount equal to the Portfolio
Reassignment Price. The obligation of RPA Seller set forth in this Section shall
constitute the sole remedy respecting any breach of the representations and
warranties set forth in the above-referenced Sections available to Purchaser.

         SECTION 6.03. CONVEYANCE OF REASSIGNED RECEIVABLES. Upon the request of
RPA Seller, Purchaser shall execute and deliver to RPA Seller a reconveyance
substantially in such form and upon such terms as shall be acceptable to RPA
Seller, pursuant to which Purchaser evidences the conveyance to RPA Seller of
all of Purchaser's right, title, and interest in any Receivables reconveyed to
RPA Seller pursuant to Sections 6.01 and 6.02. Purchaser shall (and shall cause
Receivables Trust Trustee to) execute such other documents or instruments of
conveyance or take such other actions as RPA Seller may reasonably require to
effect any repurchase of Receivables pursuant to this Article VI.

                                   ARTICLE VII

                              CONDITIONS PRECEDENT

         SECTION 7.01. CONDITIONS TO PURCHASE. The obligations of Purchaser to
make its initial purchase of Receivables hereunder shall be subject to RPA
Seller delivering to Purchaser on or before the Effective Date such documents,
certificates and resolutions that Purchaser is required to deliver to the
Certificate Trust Trustee, the Indenture Trustee, any Enhancement Provider or
any Rating Agency in connection with the amendment and restatement of the
Pooling and Servicing Agreement on the date of this Agreement.

         SECTION 7.02. CONDITIONS TO PURCHASER'S OBLIGATIONS REGARDING
ADDITIONAL RECEIVABLES. The obligations of Purchaser to purchase any Receivables
created on or after the Effective Date shall be subject to the satisfaction of
the following conditions:

                  (a) All representations and warranties of RPA Seller contained
         in the Transaction Documents shall be true and correct in all material
         respects with the same effect as though such representations and
         warranties had been made on the date of such purchase;

                                       23
<PAGE>
                  (b) All information concerning any Account to which such
         Receivables relate provided to Purchaser shall be true and correct in
         all material respects as of the date of such purchase; and

                  (c) RPA Seller shall have recorded and filed, at its expense,
         any UCC-1 or other financing statement as required as of the date of
         such purchase pursuant to Section 2.01(b).

         SECTION 7.03. CONDITIONS PRECEDENT TO OBLIGATIONS OF RPA SELLER. The
obligations of RPA Seller to sell on any date Receivables shall be subject to
the satisfaction of the following conditions:

                  (a) All representations and warranties of Purchaser contained
         in this Agreement shall be true and correct in all material respects
         with the same effect as though such representations and warranties had
         been made on the date of such sale; and

                  (b) Payment or provision for payment of the Purchase Price in
         accordance with the provision of Sections 3.01, 3.02 and 3.03 hereof
         shall have been made.

                                  ARTICLE VIII

                          TERM AND PURCHASE TERMINATION

         SECTION 8.01. TERM. This Agreement shall commence as of the date of
execution and delivery hereof and shall continue until the later of the
termination of the Certificate Trust as provided in Article XII of the Pooling
and Servicing Agreement or the termination of the Note Trust as provided in
Section 8.01 of the Trust Agreement.

         SECTION 8.02. PURCHASE TERMINATION. If an Insolvency Event shall occur
with respect to RPA Seller or Purchaser, then RPA Seller shall immediately cease
to transfer Principal Receivables to Purchaser and shall promptly give notice to
Purchaser and Receivables Trust Trustee of such Insolvency Event.
Notwithstanding any cessation of the transfer to Purchaser of additional
Principal Receivables, Principal Receivables transferred to Purchaser prior to
the occurrence of such Insolvency Event and Collections in respect of such
Principal Receivables and Finance Charge Receivables whenever created, accrued
in respect of such Principal Receivables, shall continue to be property of
Purchaser transferable by Purchaser to the Receivables Trust pursuant to the
Pooling and Servicing Agreement or the Transfer and Servicing Agreement, as
applicable.

                                   ARTICLE IX

                            MISCELLANEOUS PROVISIONS

         SECTION 9.01. AMENDMENT. This Agreement and any Conveyance Papers and
the rights and obligations of the parties hereunder may not be changed orally,
but only by an instrument in writing signed by Purchaser and RPA Seller in
accordance with this Section 9.01. This Agreement and any Conveyance Papers may
be amended from time to time by Purchaser and

                                       24
<PAGE>
RPA Seller (a) to cure any ambiguity, (b) to correct or supplement any
provisions herein which may be inconsistent with any other provisions herein or
in any Conveyance Papers, (c) to add any other provisions with respect to
matters or questions arising under this Agreement or any Conveyance Papers that
shall not be inconsistent with the provisions of this Agreement or any
Conveyance Papers, (d) to change or modify the Purchase Price, (e) to change,
modify, delete or add any other obligation of RPA Seller or Purchaser and (f) to
provide for the transfer by RPA Seller or Purchaser of its interest in and to
all or part of the Accounts in accordance with the provisions of the Pooling and
Servicing Agreement or the Transfer and Servicing Agreement (if such transfer is
for less than all of the Accounts, the respective rights, duties and obligations
of Purchaser, RPA Seller and Servicer will be determined at the time of such
transfer); provided that no amendment pursuant to clause (d) or (e) of this
Section 9.01 shall be effective unless the Rating Agency Condition has been
satisfied; and provided, further, that no amendment made pursuant to this
Section 9.01 shall adversely affect in any material respect the interests of any
Holders. Any reconveyance executed in accordance with the provisions hereof
shall not be considered to be an amendment to this Agreement. A copy of any
amendment to this Agreement shall be sent to Receivables Trust Trustee and each
Rating Agency.

         SECTION 9.02. GOVERNING LAW. THIS AGREEMENT AND THE CONVEYANCE PAPERS
SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEBRASKA, WITHOUT
REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.

         SECTION 9.03. NOTICES. All demands, notices, instructions, directions
and communications under this Agreement shall be in writing and shall be deemed
to have been duly given if personally delivered at, mailed by registered mail,
return receipt requested, or sent by facsimile transmission to (a) in the case
of Purchaser, to First National Funding LLC, 1620 Dodge Street, Stop Code 3198,
Omaha, Nebraska 68197-3198, Attention: President, (b) in the case of RPA Seller,
to First National Bank of Omaha, 1620 Dodge Street, Stop Code 3198, Omaha,
Nebraska 68197-3198, Attention: President, (c) in the case of the Certificate
Trust Trustee or the Indenture Trustee, to The Bank of New York, 2 North LaSalle
Street, Suite 1020, Chicago, Illinois 60602; and (d) in the case of the Rating
Agency for a particular Series, the address, if any, specified in the Supplement
relating to such Series.

         SECTION 9.04. SEVERABILITY OF PROVISIONS. If any one or more of the
covenants, agreements, provisions or terms of this Agreement or any Conveyance
Paper 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, and terms of this Agreement or any Conveyance
Paper and shall in no way affect the validity or enforceability of the other
provisions of this Agreement or of any Conveyance Paper.

                                       25
<PAGE>
         SECTION 9.05. MERGER OR CONSOLIDATION OF, OR ASSUMPTION OF THE
OBLIGATIONS OF, RPA SELLER.

                  (a) RPA Seller shall not consolidate with or merge into any
         other corporation or convey or transfer its properties and assets
         substantially as an entirety to any Person unless:

                           (i) the Person formed by such consolidation or into
                  which RPA Seller is merged or the Person which acquires by
                  conveyance or transfer the properties and assets of RPA Seller
                  substantially as an entirety shall be, if RPA Seller is not
                  the surviving entity, an entity organized and existing under
                  the laws of the United States of America or any State or the
                  District of Columbia, and, if RPA Seller is not the surviving
                  entity, such entity shall expressly assume, by an agreement
                  supplemental hereto, executed and delivered to Purchaser and
                  Receivables Trust Trustee, in form reasonably satisfactory to
                  Purchaser and Receivables Trust Trustee, the performance of
                  every covenant and obligation of RPA Seller under the
                  Transaction Documents;

                           (ii) RPA Seller has delivered to Purchaser and
                  Receivables Trust Trustee (A) an Officer's Certificate stating
                  that such consolidation, merger, conveyance or transfer and
                  such supplemental agreement comply with this Section and that
                  all conditions precedent herein provided for relating to such
                  transaction have been complied with and (B) an Opinion of
                  Counsel to the effect that such supplemental agreement is a
                  valid and binding obligation of such surviving entity
                  enforceable against such surviving entity in accordance with
                  its terms, except as such enforceability may be limited by
                  applicable bankruptcy, insolvency, reorganization, moratorium
                  or other similar laws affecting creditors' rights generally
                  from time to time in effect and except as such enforceability
                  may be limited by general principles of equity (whether
                  considered in a suit at law or in equity);

                           (iii) RPA Seller shall have delivered to Purchaser
                  and Receivables Trust Trustee and each Rating Agency (A) a Tax
                  Opinion, as defined in the Indenture, and (B) if the
                  Certificate Trust Termination Date has not occurred, a Tax
                  Opinion, as defined in the Pooling and Serving Agreement, each
                  dated the date of such consolidation, merger, conveyance or
                  transfer, with respect thereto;

                           (iv) if Transferor is not the surviving entity, the
                  surviving entity shall file new UCC-1 financing statements
                  with respect to the interest of Purchaser in the Receivables;
                  and

                           (v) satisfaction of the Rating Agency Condition.

                  (b) This Section 9.05 shall not be construed to prohibit or in
         any way limit RPA Seller's ability to effectuate any consolidation or
         merger pursuant to which RPA Seller would be surviving entity.

                                       26
<PAGE>
                  (c) RPA Seller shall notify each Rating Agency promptly after
         any consolidation, merger, conveyance or transfer effected pursuant to
         this Section 9.05.

                  (d) The obligations of RPA Seller hereunder shall not be
         assignable nor shall any Person succeed to the obligations of RPA
         Seller hereunder except in each case in accordance with the provisions
         of this Section 9.05.

         SECTION 9.06. ACKNOWLEDGEMENT AND AGREEMENT OF RPA SELLER.

                  (a) RPA Seller expressly acknowledges and agrees that all of
         Purchaser's right, title, and interest in, to and under this Agreement,
         including all of Purchaser's right, title, and interest in and to the
         Receivables purchased pursuant to this Agreement, will be assigned by
         Purchaser to the Certificate Trust Trustee for the benefit of the
         Holders and after the Certificate Trust Termination Date will be
         assigned by Purchaser to the Note Trust, and RPA Seller consents to
         such assignment. Additionally, RPA Seller agrees for the benefit of the
         Certificate Trust Trustee, the Holders and the Note Trust that any
         amounts payable by RPA Seller to Purchaser hereunder which are to be
         paid by Purchaser to Receivables Trust Trustee for the benefit of the
         Holders shall be paid by RPA Seller, on behalf of Purchaser, directly
         to Receivables Trust Trustee. Any payment required to be made on or
         before a specified date in same-day funds may be made on the prior
         business day in next-day funds.

                  (b) To the extent that RPA Seller retains any interest in the
         Receivables now existing and arising from time to time in the Accounts
         and the Related Assets, RPA Seller hereby grants to (a) the Certificate
         Trust Trustee for the benefit of the Investor Certificateholders and
         (b) effective as of the Certificate Trust Termination Date, the
         Indenture Trustee for benefit of the Noteholders, a security interest
         in all of RPA Seller's right, title and interest, whether now owned or
         hereafter arising, in, to and under (i) the Receivables existing at the
         opening of business on the Effective Date and arising from the Accounts
         and all Related Assets with respect to such Receivables, (ii) the
         Receivables now existing and arising from time to time in the Accounts
         and the Related Assets with respect thereto and (iii) all proceeds of
         such rights and such amounts, to secure the performance of all of the
         obligations of RPA Seller hereunder, under the Pooling and Servicing
         Agreement, the Indenture and the other Transaction Documents.

         SECTION 9.07. FURTHER ASSURANCES. Each of Purchaser and RPA 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 each other and
by their respective permitted successors and assigns in order to more fully
effect the purposes of this Agreement and the Conveyance Papers, including the
execution of any UCC financing statements or continuation statements or
equivalent documents relating to the Receivables and the Related Assets for
filing under the provisions of the UCC or other law of any applicable
jurisdiction.

         SECTION 9.08. NONPETITION COVENANT. Notwithstanding any prior
termination of this Agreement, RPA Seller shall not, at any time, institute
against, solicit or join or cooperate with or encourage any institution against
Purchaser, the Certificate Trust or the Note Trust of, any

                                       27
<PAGE>
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
or other similar proceedings under any United States federal or state bankruptcy
or similar law.

         SECTION 9.09. NO WAIVER; CUMULATIVE REMEDIES. No failure to exercise
and no delay in exercising, on the part of Purchaser or RPA Seller, any right,
remedy, power or privilege hereunder, shall operate as a waiver thereof; nor
shall any single or partial exercise of any right, remedy, power or privilege
hereunder 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 9.10. COUNTERPARTS. This Agreement and all Conveyance Papers
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 9.11. BINDING THIRD-PARTY BENEFICIARIES. This Agreement and the
Conveyance Papers will inure to the benefit of and be binding upon the parties
hereto and their respective successors and permitted assigns. The parties hereto
intend that the Owner Trustee (in its individual capacity and as Owner Trustee),
Certificate Trust, the Certificate Trustee, the Note Trust and the Indenture
Trustee shall be third-party beneficiaries of this Agreement.

         SECTION 9.12. MERGER AND INTEGRATION. Except as specifically stated
otherwise herein, this Agreement and the other Transaction Documents set forth
the entire understanding of the parties relating to the subject matter hereof,
and all prior understandings, written or oral, are superseded by this Agreement
and the other Transaction Documents.

         SECTION 9.13. SCHEDULES AND EXHIBITS. The schedules and exhibits
attached hereto and referred to herein shall constitute a part of this Agreement
and are incorporated into this Agreement for all purposes.

                  [Remainder of page intentionally left blank]

                                       28
<PAGE>

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

                                 FIRST NATIONAL FUNDING LLC, as Purchaser

                                 By First National Funding Corporation,
                                    its Managing Member

                                 By      /s/ Jean L. Koenck
                                         --------------------------
                                 Name    Jean L. Koenck
                                         --------------------------
                                 Title   Senior Vice President
                                         --------------------------

                                 FIRST NATIONAL BANK OF OMAHA, as RPA Seller

                                 By      /s/ Matthew W. Lawver
                                         --------------------------
                                 Name    Matthew W. Lawver
                                         --------------------------
                                 Title   Senior Vice President
                                         --------------------------

Acknowledged and Accepted:

THE BANK OF NEW YORK,
as Certificate Trust Trustee and
as Indenture Trustee

By       /s/ Robert D. Foltz
   ----------------------------------------------
Name     Robert D. Foltz
     --------------------------------------------
Title    Agent
      -------------------------------------------

                  RECEIVABLES PURCHASE AGREEMENT SIGNATURE PAGE

                                       29
<PAGE>
                                    EXHIBIT A

                         FORM OF SUPPLEMENTAL CONVEYANCE

                         (As required by Section 2.02 of
                       the Receivables Purchase Agreement)

         SUPPLEMENTAL CONVEYANCE NO.    dated as of                20 , by and
between FIRST NATIONAL BANK OF OMAHA ("RPA Seller") and FIRST NATIONAL FUNDING
LLC, ("Purchaser") pursuant to the Receivables Purchase Agreement referred to
below.

                                  WITNESSETH:

         WHEREAS, RPA Seller and Purchaser are parties to a Receivables Purchase
Agreement, dated as of [             ], 2002 (hereinafter as such agreement may
have been, or may from time to time be, amended, supplemented or otherwise
modified, the "Receivables Purchase Agreement"); and

         WHEREAS, pursuant to the Receivables Purchase Agreement, RPA Seller
wishes to designate Additional Accounts to be included as Accounts and RPA
Seller wishes to convey the Receivables of such Additional Accounts, whether now
existing or hereafter created, to Purchaser pursuant to the Receivables Purchase
Agreement (as each such term is defined in the Receivables Purchase Agreement);
and

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

         NOW, THEREFORE, RPA Seller and Purchaser hereby agree as follows:

         SECTION 1. DEFINED TERMS. Each capitalized term used herein shall have
the meaning specified in the Receivables Purchase Agreement unless otherwise
defined herein.

         "Addition Date" shall mean, with respect to the Additional Accounts
designated hereby,              200 .

         SECTION 2. DESIGNATION OF ADDITIONAL ACCOUNTS. RPA Seller delivers
herewith an Account Schedule containing a true and complete schedule identifying
all such Additional Accounts and specifying for each such Account, as of the
Addition Date, its account number, the aggregate amount outstanding in such
Account and the aggregate amount of Principal Receivables in such Account. Such
Account Schedule shall be, as of the date of this Supplemental Conveyance,
incorporated into and made part of this Supplemental Conveyance and is marked as
Schedule I to this Supplemental Conveyance.
<PAGE>
         SECTION 3. CONVEYANCE OF RECEIVABLES.

                  (a) RPA Seller sells, transfers, assigns, sets over and
         otherwise conveys to Purchaser (collectively, the "Conveyance"),
         without recourse, all of its right, title and interest in, to and under
         the Receivables generated by such Additional Accounts and the Related
         Assets, now existing and hereafter arising, all Recoveries allocable to
         such Additional Accounts and all monies due or to become due thereunder
         and all amounts received with respect thereto and all proceeds thereof.
         The foregoing sale, transfer, assignment, set-over and conveyance does
         not constitute and is not intended to result in a creation or an
         assumption by Purchaser of any obligation of Servicer, RPA Seller or
         any other Person in connection with the Accounts, the Receivables or
         under any agreement or instrument relating thereto.

                  (b) In connection with the Conveyance and in accordance with
         Section 2.01(b) of the Receivables Purchase Agreement, RPA Seller
         agrees to record and file, at its own expense, one or more UCC
         financing statements (and continuation statements with respect to such
         financing statements when applicable) with respect to the Receivables,
         now existing and hereafter created, for the sale of accounts meeting
         the requirements of applicable state law in such manner and in such
         jurisdictions as may be necessary or advisable to perfect or evidence
         the sale and assignment of the Receivables to Purchaser, and to deliver
         a file-stamped copy of such financing statement or other evidence of
         such filing to Purchaser.

                  (c) In connection with such sale, RPA Seller further agrees,
         at its own expense, on or prior to the date of this Supplemental
         Conveyance, to indicate in its appropriate computer files that all
         Receivables created in connection with the Additional Accounts
         designated hereby have been conveyed to Purchaser pursuant to this
         Supplemental Conveyance.

         SECTION 4. ACCEPTANCE BY PURCHASER. Purchaser hereby acknowledges its
acceptance of all right, title and interest to the property, now existing and
hereafter arising, conveyed to Purchaser pursuant to Section 3(a) of this
Supplemental Conveyance, and declares that it shall maintain such right, title
and interest. Purchaser further agrees that, not more than five Business Days
after the execution and delivery of this Supplemental Conveyance, RPA Seller
shall deliver to Purchaser the supplement to the Account Schedule described in
Section 2 of this Supplemental Conveyance.

         SECTION 5. REPRESENTATIONS AND WARRANTIES OF RPA SELLER. RPA Seller
hereby represents and warrants to Purchaser as of the date of this Supplemental
Conveyance and as of the Addition Date that:

                  (a) LEGAL, VALID AND BINDING OBLIGATION. This Supplemental
         Conveyance constitutes a legal, valid and binding obligation of RPA
         Seller enforceable against RPA Seller in accordance with its terms,
         except as such enforceability may be limited by applicable Debtor
         Relief Laws now or hereinafter in effect and by general principles of
         equity (whether considered in a suit at law or in equity);

                                      A-2
<PAGE>
                  (b) ELIGIBILITY OF ACCOUNTS. Each Additional Account
         designated hereby is an Eligible Account and each Receivable in such
         Additional Account is an Eligible Receivable;

                  (c) SELECTION PROCEDURES. No selection procedures believed by
         RPA Seller to be materially adverse to the interests of Purchaser or
         the Holders were used in selecting the Additional Accounts from the
         available Eligible Accounts;

                  (d) INSOLVENCY. RPA Seller is not insolvent and, after giving
         effect to the conveyance set forth in Section 3 of this Supplemental
         Conveyance, will not be insolvent; no Insolvency Event with respect to
         RPA Seller or Purchaser has occurred, and the transfer pursuant to
         Section 3(a) has not been made in contemplation thereof;

                  (e) SALE OF RECEIVABLES. This Supplemental Conveyance
         constitutes a valid sale to Purchaser of all right, title and interest
         of RPA Seller in the Receivables and other Related Assets now existing
         or hereafter created from time to time in the Additional Accounts, and
         such property will be held by Purchaser free and clear of any Lien
         except as permitted by Section 2.05(b) of the Pooling and Servicing
         Agreement or the Transfer and Servicing Agreement, as applicable;

                  (f) NO CONFLICT. The execution and delivery of this
         Supplemental Conveyance, the performance of the transactions
         contemplated by this Supplemental Conveyance 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 RPA Seller is a party or by which it or its
         properties are bound;

                  (g) NO VIOLATION. The execution and delivery of this
         Supplemental Conveyance by RPA Seller, the performance of the
         transactions contemplated by this Supplemental Conveyance and the
         fulfillment of the terms hereof applicable to RPA Seller will not
         conflict with or violate any Requirements of Law applicable to RPA
         Seller;

                  (h) NO PROCEEDINGS. There are no proceedings or
         investigations, pending or, to the best knowledge of RPA Seller,
         threatened against RPA Seller before any court, regulatory body,
         administrative agency or other tribunal or governmental instrumentality
         (i) asserting the invalidity of the Receivables Purchase Agreement or
         this Supplemental Conveyance, (ii) seeking to prevent the consummation
         of any of the transactions contemplated by the Receivables Purchase
         Agreement or this Supplemental Conveyance, (iii) seeking any
         determination or ruling that, in the reasonable judgment of RPA Seller,
         would materially and adversely affect the performance of RPA Seller of
         its obligations under the Receivables Purchase Agreement or this
         Supplemental Conveyance or (iv) seeking any determination or ruling
         that would materially and adversely affect the validity or
         enforceability of this Supplemental Conveyance; and

                                      A-3
<PAGE>
                  (i) ALL CONSENTS. All approvals, authorizations, consents,
         orders or other actions of any Person or any Governmental Authority
         required to be obtained by RPA Seller in connection with the execution
         and delivery of this Supplemental Conveyance by RPA Seller and the
         performance of the transactions contemplated by this Supplemental
         Conveyance by RPA Seller, have been obtained.

         SECTION 6. RATIFICATION OF THE RECEIVABLES PURCHASE AGREEMENT. The
Receivables Purchase Agreement is hereby ratified, and all references to the
"Receivables Purchase Agreement," to "this Agreement" and "herein" in the
Transaction Documents shall from and after the Addition Date be references to
the Receivables Purchase Agreement as supplemented by this Supplemental
Conveyance. Except as expressly amended hereby, all the representations,
warranties, terms, covenants and conditions of the Receivables Purchase
Agreement shall remain unamended and shall continue to be, and shall, remain, in
full force and effect in accordance with its terms. Except as expressly provided
herein, this Supplemental Conveyance shall not constitute or be deemed to
constitute a waiver of compliance with or consent to non-compliance with any
term or provision of the Receivables Purchase Agreement.

         SECTION 7. COUNTERPARTS. This Supplemental Conveyance may be executed
in any number of counterparts, all of which taken together shall constitute one
and the same instrument.

                                      A-4
<PAGE>

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

                               FIRST NATIONAL FUNDING LLC,
                               as Purchaser

                               By First National Funding Corporation,
                                  its Managing Member

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

                               FIRST NATIONAL BANK OF OMAHA,
                               as RPA Seller

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

                     SUPPLEMENTAL CONVEYANCE SIGNATURE PAGE

                                      A-5
<PAGE>
                                    EXHIBIT B

                            FORM OF SUBORDINATED NOTE

         FOR VALUE RECEIVED, the undersigned, a Delaware limited liability
company ("Purchaser"), hereby unconditionally promises to pay to the order of
FIRST NATIONAL BANK OF OMAHA ("FNBO") in lawful money of the United States of
America in immediately available funds on the Subordinated Note Maturity Date,
the aggregate unpaid amount (as shown in the records of RPA Seller or, at RPA
Seller's option, on the schedule attached hereto and any continuation thereof)
of all borrowings made by Purchaser from RPA Seller to fund the acquisition of
Existing Assets, Receivables and Related Assets in connection with the
transactions contemplated by the Receivables Purchase Agreement, dated as of
October 24, 2002 (as amended and supplemented from time to time, the
"Receivables Purchase Agreement"), among Purchaser and RPA Seller.

         Capitalized terms used and not otherwise defined herein have the
meanings assigned to them in the Receivables Purchase Agreement.

         The undersigned agrees to pay interest from the date hereof on the
unpaid principal amount hereof from time to time at the rate and at the times
specified in or pursuant to the Receivables Purchase Agreement. Interest shall
be payable in arrears on each Interest Payment Date and upon final payment of
the unpaid principal amount hereof. Purchaser may at its option prepay this Note
in whole or in part at any time and from time to time; provided that in no event
shall the holder hereof have any right to demand any payment of principal
hereunder prior to the Subordinated Note Maturity Date.

         This Note is subordinate and junior in right and time of payment to all
"Senior Debt" of Purchaser, which is any Indebtedness of Purchaser and all
renewals, extensions, refinancings and refundings thereof, except any such
Indebtedness that expressly provides that it is not senior or superior in right
of payment hereto. "Indebtedness" is any indebtedness, whether or not
contingent, in respect of borrowed money or evidenced by bonds, notes,
debentures or similar instruments or letters of credit (or reimbursement
agreements in respect thereto) and guarantees of any of the foregoing, whether
or not any such indebtedness would appear as a liability on a balance sheet of
Purchaser prepared on a consolidated basis in accordance with generally accepted
accounting principles.

         All scheduled payments of principal and interest in respect of Senior
Debt must be paid before this Note shall be payable, and all scheduled payments
of principal of and interest on this Note shall be payable only to the extent
that Purchaser, after paying all of its accounts payable and other expenses and
obligations, has the funds to make such payments. Purchaser agrees, and the
holder hereof by accepting this Note agrees, to the subordination provisions
herein contained.

         Upon prior written notice to Purchaser, the holder hereof may sell,
pledge, assign or otherwise transfer this Note; provided, however, that,
immediately prior to completion of such sale, pledge, assignment or transfer,
the Rating Agency Condition is satisfied.
<PAGE>
         This Note shall be governed by and construed in accordance with the
laws of the State of Nebraska.

         The holder of this Note, by its acceptance hereof, hereby covenants and
agrees that it will not at any time institute against Purchaser any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

         IN WITNESS WHEREOF, Purchaser has caused this Subordinated Note to be
duly executed as of the day and year first above written.

                                FIRST NATIONAL FUNDING LLC

                                By First National Funding Corporation,
                                   its Managing Member

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

                                      B-2
<PAGE>
         Schedule Attached to Subordinated Note dated               ,   of FIRST
NATIONAL FUNDING LLC payable to the order of FIRST NATIONAL BANK OF OMAHA.

<TABLE>
<CAPTION>
   DATE AND         DATE AND
   AMOUNT OF        AMOUNT OF        UNPAID PRINCIPAL         NOTATION MADE
   BORROWING        REPAYMENT             BALANCE                  BY
<S>                <C>               <C>                      <C>

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

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

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

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

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

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

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

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

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

--------------------------------------------------------------------------------
</TABLE>

                                       B-3
<PAGE>
                                   EXHIBIT C

                 PROVISIONS TO BE INCLUDED IN OPINION OF COUNSEL
                      WITH RESPECT TO ADDITION OF ACCOUNTS

         The opinions set forth below may be subject to certain qualifications,
assumptions, limitations and exceptions taken or made in the Opinions of Counsel
delivered on any applicable Closing Date.

         1. The Receivables arising in such Additional Accounts constitute
accounts.

         2. The Receivables Purchase Agreement, as supplemented by the
Supplemental Conveyance, creates in favor of Transferor a security interest in
RPA Seller's rights in the Receivables in such Additional Accounts and the
proceeds thereof (the "Specified Assets").

         3. The security interest in the Specified Assets created by the
Receivables Purchase Agreement will be perfected by the filing of the Financing
Statements as described and defined in such opinion. Based solely upon our
review of the UCC Searches as described and defined in such opinion, we hereby
confirm to you that no Person other than the Transferor has filed any financing
statement with the Filing Offices as described and defined in such opinion that
covers the Specified Assets and that would have priority over the security
interest of the Transferor by virtue of such filing.
<PAGE>
                                    EXHIBIT D

                          PROVISIONS TO BE INCLUDED IN
                            ANNUAL OPINION OF COUNSEL

         The opinions set forth below may be subject to certain qualifications,
assumptions, limitations and exceptions taken or made in the Opinion of Counsel
to RPA Seller with respect to similar matters delivered on the Initial Closing
Date (as defined in the Indenture). Unless otherwise indicated, all capitalized
terms used herein shall have the meanings assigned in or pursuant to the
Receivables Purchase Agreement to which this Exhibit D is attached.

         1. No further filings or actions are required under the UCC or other
Nebraska law prior to _________, _____, in order to maintain the perfection and
priority of the first priority security interests created by the Transaction
Documents in favor of Transferor in the Receivables and the proceeds thereof
(the "Specified Assets").

         2. Based solely upon our review of the UCC Searches as described and
defined in such opinion, we hereby confirm to you that no Person other than
Transferor has filed any financing statement with the Filing Offices as
described and defined in such opinion that covers the Specified Assets and that
would have priority over the security interest, of Transferor by virtue of such
filing.

         3. Confirmation or update, as applicable, of the FIRREA analysis
delivered on the Initial Closing Date.
<PAGE>
                                   SCHEDULE I

                           ACCOUNT SCHEDULE--DELIVERED
                         AS COMPUTER FILE OR MICROFICHE

                           [Delivered to the Trustee]

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