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                                                                    EXHIBIT 10.2

                         YORK INTERNATIONAL CORPORATION

                  AMENDED AND RESTATED 2002 OMNIBUS STOCK PLAN

1.    ESTABLISHMENT AND PURPOSE

      York International Corporation hereby establishes the YORK INTERNATIONAL
CORPORATION 2002 OMNIBUS STOCK PLAN (the "Plan"). The Plan permits the grant of
incentive stock options, non-statutory stock options, restricted stock awards,
stock appreciation rights, performance awards, dividend equivalents and other
stock units or any combination of the foregoing.

      The purpose of the Plan is to promote the growth and profitability of York
International Corporation (the "Company") by (i) providing directors, certain
officers and other employees of the Company and its subsidiaries with incentives
to improve stockholder value and contribute to the success of the Company, and
(ii) enabling the Company to attract, retain and reward the best available
persons for positions of substantial responsibility.

2.    DEFINITIONS

      "Cause" means the termination of employment of an employee for (i)
providing the Company with materially false representations relied upon by the
Company in furnishing information to stockholders, a stock exchange or the
Securities and Exchange Commission, (ii) maintaining an undisclosed,
unauthorized and material conflict of interest in the discharge of duties owed
to the Company, (iii) misconduct causing a serious violation by the Company of
state or federal laws, (iv) theft of Company funds or assets, or (v) conviction
of a crime involving moral turpitude.

      "Change in Control" shall mean

      (a) The acquisition by any individual, entity or group (within the meaning
of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act")) (a "Person") of beneficial ownership (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of the
then outstanding shares of common stock of the Company (the "Outstanding Company
Common Stock"); provided, however, that for purposes of this subsection (a), the
following acquisitions shall not constitute a Change in Control: (i) any
acquisition directly from the Company, (ii) any acquisition by the Company,
(iii) any acquisition by any employee benefit plan (or related trust) sponsored
or maintained by the Company or any corporation controlled by the Company, or
(iv) any acquisition by any corporation pursuant to a transaction which complies
with clauses (A) and (B) of subsection (c) hereof; or

      (b) Individuals who, as of the date of the most recent amendment hereof,
constitute the Board of Directors (the "Incumbent Board") cease for any reason
to constitute at least a majority of the Board; provided, however, that any
individual becoming a director subsequent to the date of the most recent
amendment hereof

                                     - 1 -
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whose election, or nomination for election by the Company's shareholders, was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered as though such individual were a member of
the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a
person or entity other than the Board; or

      (c) Consummation of a reorganization, merger or consolidation involving
the Company or any subsidiary of the Company or sale or other disposition of all
or substantially all of the assets of the Company (a "Business Combination"), in
each case, unless, following such Business Combination, (A) either (i) all or
substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Company Common Stock immediately prior
to such Business Combination beneficially own, directly or indirectly, more than
50% of, respectively, the then outstanding shares of common stock and the
combined voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation
resulting from such Business Combination (including, without limitation, a
corporation which as a result of such transactions owns the Company or all or
substantially all of the Company's assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership
immediately prior to such Business Combination of the Outstanding Company Common
Stock or (ii) at least a majority of the members of the board of directors of
the corporation resulting from such Business Combination were members of the
Incumbent Board at the time of the execution of the initial agreement, or at the
time of the action of the Board, providing for such Business Combination and (B)
no Person (excluding any corporation resulting from such Business Combination or
any employee benefit plan (or related trust) of the Company or such corporation
resulting from such Business Combination) beneficially owns, directly or
indirectly, 30% or more of, respectively, the then outstanding shares of common
stock of the corporation resulting from such Business Combination or the
combined voting power of the then outstanding voting securities of such
corporation except to the extent that such ownership existed prior to the
Business Combination; or

      (d) A complete liquidation or dissolution of the Company.

      "Code" means the Internal Revenue Code of 1986, as amended, and any
successor statut0e.

      "Disability" means the inability to perform the duties assigned by the
Company to the participant by reason of any medically determined physical or
mental impairment which can be expected to result in death or which has lasted
or can be expected to last for a continuous period of not less than six months.

      "Fair Market Value" of a share of the Company's Common Stock for any
purpose shall mean the closing price of the Common Stock on the exchange where
the Common Stock is principally traded. If the Common Stock is not traded on an
exchange, but is traded in the over-the-counter market, Fair Market Value on the
relevant date shall mean the last sale price reported by the National
Association of Securities Dealers Automated Quotation Systems ("NASDAQ"), if the
Common Stock is

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included in the National Market System or the average of the closing bid and
asked prices reported on the preceding day on which such prices were reported.
If the Common Stock is not traded on an exchange or reported by NASDAQ, the
Board of Directors shall determine Fair Market Value. In the case of incentive
stock options, the Board's determination shall conform to the Treasury
Regulations under Section 422 of the Code.

      "Retirement" means termination of employment on or after the date the
participant either attains 62 years of age or attains 55 years of age and
completes 5 years of service or a retirement with the approval of the Board of
Directors.

      "Subsidiary" and "subsidiaries" mean only a corporation or corporations
within the meaning of the definition of "subsidiary corporation" provided in
Section 424(f) of the Code, or any successor thereto of similar import.

3.    ADMINISTRATION

      The Plan shall be administered by the Compensation Committee appointed by
the Board of Directors, which shall be composed of not less than two directors
of the Company who are both "non-employee directors" within the meaning of Rule
16b-3 of the Securities and Exchange Commission ("Rule 16b-3") and "outside
directors" within the meaning of Treasury Regulation Section 1.162-27(e)(3) or
any successor rules thereto. The Compensation Committee shall also meet the
independence requirements of the applicable stock exchange or other securities
self-regulatory organization.

      The Committee shall, consistent with the provisions of the Plan, be
authorized to (i) select persons to participate in the Plan, (ii) determine all
terms, conditions and restrictions of grants made under the Plan to each
participant, and the conditions and restrictions, if any, subject to which such
grants will be made, (iii) modify, extend or renew outstanding grants, accept
the surrender of outstanding grants and substitute new grants, provided that no
such action shall be taken with respect to any outstanding grant which would
adversely affect the participant without his consent, and further provided that,
except for adjustments pursuant to Section 17, neither the Board of Directors
nor the Committee shall have the authority to reprice any stock option granted
under this Plan or to accept the surrender of an outstanding option in
consideration for the issuance of a new option with a lower exercise price
unless such repricing or issuance has previously been approved by the
stockholders of the Company, (iv) interpret the Plan and (v) adopt, amend, or
rescind such rules and regulations for carrying out the Plan as it may deem
appropriate. Subject to the overall limitation on the number of shares of Common
Stock available under the Plan, the Committee may use available shares of Common
Stock as the form of payment for compensation, grants or rights earned or due
under any other compensation plans or arrangements of the Company or a
subsidiary, including the plans and arrangements of the Company or a subsidiary
assumed in business combinations. The Committee may permit the deferred delivery
of any shares of Common Stock under this Plan, subject to such rules and
procedures as it may establish, which may include provisions for the payment or
crediting of interest or dividend equivalents, and may include converting such
credits into deferred Common Stock equivalents.

<PAGE>

      Decisions of the Committee on all matters relating to the Plan shall be in
the Committee's sole discretion and shall be conclusive and binding on all
parties, including the Company, its stockholders and the participants in the
Plan. The validity, construction and effect of the Plan and any rules and
regulations relating to the Plan shall be determined in accordance with
applicable federal and state laws and rules and regulations promulgated pursuant
thereto.

      Notwithstanding anything to the contrary herein, the Board of Directors
may, in its sole discretion, at any time and from time to time resolve to
administer the Plan. In such event, the term "Committee" used herein shall be
deemed to mean the Board of Directors.

4.    SHARES AVAILABLE FOR THE PLAN; ANNUAL LIMIT ON GRANTS

      The shares of Common Stock with respect to which grants may be made under
the Plan shall be shares currently authorized but unissued or currently held or
subsequently acquired by the Company as treasury shares. Subject to adjustments
as provided in Section 17, as of any date the total number of shares of Common
Stock with respect to which awards may be granted under the Plan shall be equal
to 3,750,000 shares, provided that the number of restricted shares or stock
units awarded under the Plan may not exceed 3% of the total number of shares of
Common Stock outstanding at the time of any such award. Subject to adjustments
as contemplated by Section 17, no person may be granted during any one calendar
year: (a) more than 300,000 restricted shares, stock units, stock appreciation
rights or (b) options to purchase more than 300,000 shares. If any grant under
the Plan expires or terminates unexercised, becomes unexercisable or is
forfeited or otherwise terminated or canceled as to any shares, the shares
subject to such grants shall thereafter be available for further grants under
the Plan unless such shares would not be deemed available for future grants
pursuant to Rule 16b-3. If the exercise price of any stock option granted under
the Plan is satisfied by tendering shares of Common Stock to the Company (by
either actual delivery or by attestation), only the number of shares of Common
Stock issued net of the shares of Common Stock tendered shall be deemed to have
been granted for purposes of determining the number of shares of Common Stock
available for grant under the Plan.

5.    PARTICIPATION

      Participation in the Plan shall be limited to directors, officers
(including directors who are officers of the Company), and other employees of
the Company and its subsidiaries who are recommended by the officers and
selected by the Committee. Only directors who are not officers or employees of
the Company shall be eligible to participate in Section 10 of the Plan.

      Nothing in the Plan or in any grant thereunder shall confer any right on
an employee to continue in the employ of the Company or shall interfere in any
way with the right of the Company to terminate an employee at any time.

      Stock options, restricted share awards, stock appreciation rights or any
combination thereof may be granted to such persons and for such number of shares
as the Committee shall determine, subject to the limitations in Section 4. A
grant of

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any type made in any one year to an eligible employee shall neither guarantee
nor preclude a further grant of that or any other type to such employee in that
year or subsequent years.

6.    STOCK OPTIONS

      Subject to the other applicable provisions of the Plan, the Committee may
from time to time grant to eligible participants (including directors who are
not officers or employees of the Company ("non-employee directors"))
nonqualified stock options. Subject to the other applicable provisions of the
Plan, the Company may from time to time grant to eligible employee participants
(but not to non-employee directors) incentive stock options as that term is
defined in Section 422 of the Code. The options granted hereunder shall be
subject to the following terms and conditions:

      (a) Price. The price per share payable upon the exercise of each option
("exercise price") shall not be less than 100% of the Fair Market Value of the
shares on the date the option is granted. Except for adjustments pursuant to
Section 17, the exercise price for any outstanding option granted under the Plan
may not be decreased after the date of grant nor may an outstanding option
granted under the Plan be surrendered to the Company as consideration for the
grant of a new option with a lower exercise price unless previously approved by
the stockholders of the Company.

      (b) Payment. Options may be exercised in whole or in part by payment of
the exercise price of the shares to be acquired. Payment may be made in cash or,
unless otherwise determined by the Committee, in shares of Common Stock (by
either actual delivery of shares or by attestation) or a combination of cash and
shares of Common Stock. The Fair Market Value of shares of Common Stock
delivered on exercise of options shall be determined on the date of exercise.
Shares of Common Stock delivered in payment of the exercise price may be
previously owned shares acceptable to the Committee. A Participant may elect to
pay the exercise price upon the exercise of an Option by authorizing a third
party to sell shares of Common Stock acquired upon exercise of the Option and
remit to the Company a sufficient portion of the sale proceeds to pay the entire
exercise price and any tax withholding resulting from such exercise.

      Unless otherwise determined by the Committee, a participant may also
deliver Common Stock of the Company, including shares acquired upon exercise of
the option, in satisfaction of any amount the Company is required to withhold
for taxes in connection with the exercise of an option subject, if the optionee
is subject to Section 16(b) of the Exchange Act, to such restrictions as may be
imposed from time to time by the Securities and Exchange Commission to comply
with Section 16(b). An election to deliver Common Stock to pay withholding taxes
must be made on or before the date the amount of tax to be withheld is
determined and once made will be irrevocable. The withholding tax obligation
that may be paid by the withholding or delivery of shares may not exceed the
statutory minimum withholding for federal, state and local tax obligations in
connection with the exercise of the option or the sale of shares received upon
exercise of the option. The Fair Market Value of the shares to be

<PAGE>

withheld or delivered will be the Fair Market Value on the date as of which the
amount of tax to be withheld is determined.

      (c) Term of Options. The term during which each option may be exercised
shall be determined by the Committee, provided that upon a Change in Control,
all outstanding options shall automatically become immediately exercisable. In
no event shall an option be exercisable more than ten years from the date it is
granted. In accordance with Section 11, the Committee may, at its discretion,
establish objective performance measurements that when attained provide for the
option to become exercisable. Prior to the exercise of the option and delivery
of the stock represented thereby, the optionee shall not have any rights to
receive any dividends or be entitled to any voting rights on any stock
represented by outstanding options.

      (d) Restrictions on Incentive Stock Options. The aggregate Fair Market
Value (determined as of the grant date) of shares of Common Stock with respect
to which all incentive stock options first become exercisable by any participant
in any calendar year under this or any other plan of the Company or any related
or predecessor corporation of the Company or any related corporation (as defined
in the applicable regulations under the Code) may not exceed $100,000 or such
higher amount as may be permitted from time to time under Section 422 of the
Code. To the extent that such aggregate fair market value shall exceed $100,000,
or applicable higher amount, such options shall be treated as options which are
not incentive stock options.

      The exercise price of any incentive stock option granted to a participant
who owns (within the meaning of Section 422(b)(6) of the Code, after the
application of the attribution rules in Section 424(d) of the Code) more than
10% of the combined voting power of all classes of shares of the Company or any
related corporation shall be not less than 110% of the Fair Market Value of the
Common Stock on the grant date and the term of such option shall not exceed five
years.

      Incentive stock options can only be issued to employees of the Company.

7.    RESTRICTED SHARE AWARDS

      Subject to the other applicable provisions of the Plan, the Committee may
at any time and from time to time award shares of Common Stock to such
participants (including non-employee directors) and in such amounts and for such
consideration, as it determines. Each award of shares shall specify the
applicable restrictions on such shares, the duration of such restrictions, and
the time or times at which such restrictions shall lapse, or the performance
measurements, in accordance with Section 11, or other objectives upon the
achievement of which such restrictions shall lapse, with respect to all or a
specified number of shares that are part of the award. The duration of such
restrictions shall not be less than three years, except that, in the case of
restricted shares with restrictions that lapse based upon performance measures
established in accordance with Section 11, the duration of such restrictions
shall not be less than one year. The Committee may reduce or shorten the
duration of any restriction applicable to any shares awarded to any participant
under the Plan only in the event of an unusual, non-recurring situation.

<PAGE>

      Restricted shares may be issued at the time of award, subject to
forfeiture if the restrictions do not lapse, or upon lapse of the restrictions.
If shares are issued at the time of the award, the participant may be required
to deposit the certificates with the Company during the period of any
restriction thereon and to execute a blank stock power therefor. Except as
otherwise provided by the Committee, during such period of restriction the
participant shall have all of the rights of a holder of Common Stock, including
but not limited to the rights to receive dividends (or amounts equivalent to
dividends) and to vote. If shares are issued upon lapse of restrictions, the
Committee may provide that the participant will be entitled to receive any
amounts per share pursuant to any dividend or distribution paid by the Company
on its Common Stock to stockholders of record after the award and prior to the
issuance of the shares.

      Except as otherwise provided by the Committee, upon termination of a
grantee's employment or service due to death or Disability during any period of
restriction, any restrictions on shares awarded to such grantee shall lapse.
Except as otherwise provided by the Committee, on termination of a grantee's
employment or service for any other reason all unvested restricted shares
subject to awards made to such grantee shall be forfeited to the Company.

8.    STOCK APPRECIATION RIGHTS

      The Committee may grant stock appreciation rights, entitling the grantee
to receive, in cash or stock, value equal to (or otherwise based on) the excess
of: (a) the Fair Market Value of a specified number of shares of Common Stock at
the time of exercise; over (b) an exercise price established by the Committee
that shall not be less than 100% of the Fair Market Value of the Common Stock on
the date of grant. Stock appreciation rights may be granted in tandem with stock
options or may be freestanding. The stock appreciation rights shall be
exercisable in accordance with such terms and conditions (including achievement
of specified objective performance measurements, as determined under Section 11)
and during such periods as may be established by the Committee.

9.    STOCK UNITS

      The Committee may grant stock units, which represents a right to receive
one share of Common Stock upon the satisfaction of the vesting period or
deferral period applicable to such stock unit and upon the satisfaction of any
other conditions which the Committee may impose, including the attainment of any
performance measures as set forth in Section 11. A stock unit shall be a
bookkeeping entry which is entered in an account on behalf of a recipient, and
is not a share of Common Stock. The Committee may establish such other terms for
stock units as it determines, including, by way of example, the payment of
dividend equivalents, or requiring that a grantee pay for any stock units to be
awarded.

10.   SPECIAL RULES APPLICABLE TO NON-EMPLOYEE DIRECTOR AWARDS

      In addition to any other stock grants made available under this plan, each
non-employee director, effective as of immediately following the election of
directors at the Company's annual stockholder meeting, or who became a
non-employee director at any time within six months thereafter, shall be granted
as of such date (or on the next

<PAGE>

day the New York Stock Exchange is open for trading) an option exercisable for
such number of shares of Common Stock or restricted share awards of Common Stock
or other share forms under this plan on such terms as shall be approved by the
Committee.

11.   PERFORMANCE MEASUREMENTS

      The Committee may designate whether any award being granted to any grantee
is intended to be "performance-based compensation" as that term is used in
section 162(m) of the Code. Any such awards designated as intended to be
"performance-based compensation" shall be conditioned on the achievement of one
or more performance measures, to the extent required by Code section 162(m). The
performance measures that may be used by the Committee for such awards shall be
based on any one or more of the following, as selected by the Committee: fully
diluted earnings per share, Corporate or Division earnings before interest and
taxes (with or without a pro forma charge for the cost of capital) in absolute
dollars or as a percentage of sales, revenue, sales, profit after tax, gross
profit, operating profit, unit volume, return on equity, changes in working
capital, return on capital, cash flow, total shareholder return, return on net
capital employed, average net capital as a percent of sales, manufacturing
efficiency, new product development project milestone dates, information
technology systems implementation project milestone dates, cost of quality, and
purchase price variance. For awards under this Section 11 intended to be
"performance-based compensation," the grant of the awards and the establishment
of the performance measures shall be made during the period required under Code
section 162(m).

12.   WITHHOLDING OF TAXES

      The Company may permit or require, as a condition to any grant under the
Plan or to the delivery of certificates for shares issued hereunder, that the
grantee pay to the Company, in cash or, unless otherwise determined by the
Company, in shares of Company Common Stock valued at Fair Market Value on the
date as of which the withholding tax liability is determined, any federal, state
or local taxes of any kind required by law to be withheld with respect to any
grant or any delivery of shares. The Company, to the extent permitted or
required by law, shall have the right to deduct from any payment of any kind
(including salary or bonus) otherwise due to a grantee any federal, state or
local taxes of any kind required by law to be withheld with respect to any grant
or to the delivery of shares under the Plan, or to retain or sell without notice
a sufficient number of the shares to be issued to such grantee to cover any such
taxes. In the event of a transfer of an option pursuant to Section 14, the
grantee shall remain liable for any tax required to be withheld.

13.   WRITTEN AGREEMENT

      Each person to whom a grant is made under the Plan shall enter into a
written agreement with the Company that shall contain such provisions,
consistent with the provisions of the Plan, as may be established by the
Committee.

14.   TRANSFERABILITY

<PAGE>

      To the extent required to comply with Rule 16b-3 and in any event in the
case of an incentive stock option, no option or restricted share award granted
under the Plan shall be transferable by a participant otherwise than by will or
the laws of descent and distribution, or as permitted by this Section 14. The
Committee may, in its discretion, authorize all or a portion of the options
granted to a participant to be transferred to:

      (a) a member of the participant's family;

      (b) a trust or trusts for the exclusive benefit of members of the
participant's family;

      (c) a family partnership, family limited partnership, or family limited
liability partnership or company;

      (d) a charitable or non-profit organization, trust or foundation under
Section 501(c)(3) of the Code; or

      (e) such other person or entity as the Committee may in its discretion
permit.

      An option may be exercised only by the grantee thereof, his permitted
transferee or his or her guardian or legal representative. Subsequent transfers
of options transferred pursuant to this Section 11 shall be prohibited except
those by will or the laws of descent and distribution. Following any permitted
transfer, any transferred options shall continue to be subject to the same terms
and conditions as were applicable immediately prior to transfer and such options
shall be exercisable by the transferee only to the extent and for the periods
that they would have been exercisable by the participant.

15.   LISTING AND REGISTRATION

      If the Company determines that the listing, registration or qualification
upon any securities exchange or under any law of shares subject to any option or
restricted share award is necessary or desirable as a condition of, or in
connection with, the granting of same or the issue or purchase of shares
thereunder, no such option may be exercised in whole or in part and no
restrictions on such restricted share award shall lapse, unless such listing,
registration or qualification is effected free of any conditions not acceptable
to the Company.

      Notwithstanding any other provision of the Plan, the Company shall have no
liability to deliver any shares of Common Stock under the Plan or make any other
distribution of benefits under the Plan unless such delivery or distribution
would comply with all applicable laws (including, without limitation, the
requirements of the Securities Act of 1933) and the applicable requirements of
any securities exchange.

16.   TRANSFER OF EMPLOYEE

      Transfer of an employee from the Company to a subsidiary, from a
subsidiary to the Company, and from one subsidiary to another shall not be
considered a termination of employment. Nor shall it be considered a termination
of employment if an employee is placed on military or sick leave or such other
leave of absence which is

<PAGE>

considered as continuing intact the employment relationship; in such a case, the
employment relationship shall be continued until the date when an employee's
right to reemployment shall no longer be guaranteed either by law or contract.

17.   ADJUSTMENTS; BUSINESS COMBINATIONS

      In the event of a reorganization, recapitalization, stock split, stock
dividend, combination of shares, merger, share exchange, consolidation,
distribution of assets, or any other change in the corporate structure or shares
of the Company, the Committee shall make such adjustments as it deems
appropriate in the number and kind of shares reserved for issuance under the
Plan, in the number and kind of shares covered by outstanding options, stock
appreciation rights and restricted share awards made under the Plan, and in the
exercise price of outstanding options and stock appreciation rights.

      In the event of any Change in Control, all outstanding options, stock
appreciation rights and restricted share awards shall vest and shall be
exercisable notwithstanding any restriction on vesting or exercise, at a date to
be determined by the Committee not later than the effective date of the
transaction.

18.   TERMINATION AND MODIFICATION OF THE PLAN

      The Board of Directors, without further approval of stockholders may
modify or terminate the Plan, except that no modification shall become effective
without prior approval of the stockholders of the Company if stockholder
approval would be required for continued compliance with Rule 16b-3 or the rules
of the New York Stock Exchange or other applicable exchange, or if such
modification would materially increase the benefits to participants under the
Plan, materially increase the number of securities which may be issued under the
Plan, or materially modify the requirements for participation in the Plan.
Except with the approval of the Company's stockholders, no modification may be
made to the provisions of Section 3 or Section 6(a) concerning the repricing of
any outstanding stock option. The Committee shall be authorized to make minor or
administrative modifications to the Plan as well as modifications to the Plan
that may be dictated by requirements of federal or state laws applicable to the
Company or that may be authorized or made desirable by such laws.

19.   LIMITATION ON BENEFITS

      With respect to persons subject to Section 16 of the Exchange Act,
transactions under this Plan are intended to comply with all applicable
conditions of Rule 16b-3 or its successors under such Act. To the extent any
provision of the Plan or action by the Committee fails to so comply, it shall be
deemed null and void, to the extent permitted by law and deemed advisable by the
Committee.

20.   EFFECTIVE DATE; TERMINATION DATE

      The Plan is originally effective as of May 23, 2002 and is amended and
restated effective May 20, 2004. Unless previously terminated, the Plan shall
terminate at the close of business on May 23, 2012, ten years from the original
effective date<PAGE>

                                                                     EXHIBIT 4.2

                                    FORM OF

                       ADVANTA BUSINESS CARD MASTER TRUST

                                     ISSUER

                                       AND

                      DEUTSCHE BANK TRUST COMPANY AMERICAS

                                INDENTURE TRUSTEE

                         SERIES [-] INDENTURE SUPPLEMENT

                            DATED AS OF [-][-], [-]

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                                   PAGE
                                                                                                                   ----
<S>                                                                                                                <C>
ARTICLE I         Creation of the Series [-] Notes...............................................................    1
    Section 1.01  Designation....................................................................................    1

ARTICLE II        Definitions....................................................................................    1
    Section 2.01  Definitions. ..................................................................................    1

ARTICLE III       Servicing Fee and Interchange..................................................................    15
    Section 3.01  Servicing Compensation; Interchange............................................................    15

ARTICLE IV        Rights of Series [-] Noteholders and Allocation and Application of Collections.................    16
    Section 4.01  Collections and Allocations....................................................................    16
    Section 4.02  Determination of Monthly Interest..............................................................    17
    Section 4.03  Determination of Monthly Principal.............................................................    20
    Section 4.04  Application of Available Finance Charge Collections and Available Principal Collections........    20
    Section 4.05  Investor Charge-Offs...........................................................................    23
    Section 4.06  Reallocated Principal Collections..............................................................    23
    Section 4.07  Excess Finance Charge Collections..............................................................    23
    Section 4.08  Shared Principal Collections...................................................................    24
    Section 4.09  Principal Funding Account......................................................................    24
    Section 4.10  Reserve Account................................................................................    25
    Section 4.11  Cash Collateral Account........................................................................    27
    Section 4.12  Pre-Funding Account............................................................................    29
    Section 4.13  Determination of LIBOR.........................................................................    31
    Section 4.14  Investment Instructions........................................................................    31

ARTICLE V         Delivery of Series [-] Notes; Distributions; Reports to Series [-] Noteholders.................    32
    Section 5.01  Delivery and Payment for the Series [-] Notes; Form and Denomination...........................    32
    Section 5.02  Distributions. ................................................................................    32

    Section 5.03  Reports and Statements to Series [-] Noteholders...............................................    33

ARTICLE VI        Series [-] Pay Out Events......................................................................    34
    Section 6.01  Series [-] Pay Out Events......................................................................    34

ARTICLE VII       Redemption of Series [-] Notes; Final Distributions; Series Termination........................    35
    Section 7.01  Optional Redemption of Series [-] Notes; Final Distributions...................................    35
    Section 7.02  Series Termination.............................................................................    37

ARTICLE VIII      Miscellaneous Provisions.......................................................................    37
    Section 8.01  Ratification of Indenture......................................................................    37
</TABLE>

                                       i
<PAGE>

<TABLE>

<S>                                                                                                              <C>
Section 8.02  Form of Delivery of the Series [-] Notes.......................................................    37
Section 8.03  Additional Requirements for Registration of and Limitations on
              Transfer and Exchange of Class D Notes........................................... ............     37
Section 8.04  Amendment .....................................................................................    39
Section 8.05  Counterparts ..................................................................................    39
Section 8.06  GOVERNING LAW .................................................................................    39
Section 8.07  Limitation of Liability........................................................................    39
Section 8.08  Representations and Warranties of the Issuer...................................................    40
Section 8.09  Tax Disclosure and Investor List Requirements..................................................    40
</TABLE>

<TABLE>
<CAPTION>
EXHIBITS

<S>              <C>
EXHIBIT A-1      FORM OF CLASS A NOTE

EXHIBIT A-2      FORM OF CLASS B NOTE

EXHIBIT A-3      FORM OF CLASS C NOTE

EXHIBIT A-4      FORM OF CLASS D NOTE

EXHIBIT B        FORM OF MONTHLY PAYMENT INSTRUCTIONS AND NOTIFICATION TO THE INDENTURE TRUSTEE

EXHIBIT C        FORM OF MONTHLY STATEMENT

EXHIBIT D        FORM OF MONTHLY SERVICER'S CERTIFICATE

EXHIBIT E        FORM OF INVESTMENT LETTER
</TABLE>

                                       ii
<PAGE>

      SERIES [-] INDENTURE SUPPLEMENT, dated as of [-][-], [-](the "INDENTURE
SUPPLEMENT"), between WILMINGTON TRUST COMPANY, as Owner Trustee of ADVANTA
BUSINESS CARD MASTER TRUST, a common law trust organized and existing under the
laws of the State of Delaware (herein, the "ISSUER" or the "TRUST"), and
DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust Company),
a banking corporation organized and existing under the laws of the State of New
York, not in its individual capacity, but solely as indenture trustee (herein,
together with its successors in the trusts thereunder as provided in the Master
Indenture referred to below, the "INDENTURE TRUSTEE") under the Master
Indenture, dated as of August 1, 2000 (the "INDENTURE") between the Issuer and
the Indenture Trustee (the Indenture, together with this Indenture Supplement,
the "AGREEMENT").

      Pursuant to Section 2.12 of the Indenture, the Transferor may direct the
Issuer, to issue one or more Series of Notes. The Principal Terms of this Series
are set forth in this Indenture Supplement to the Indenture.

                                   ARTICLE I

                        Creation of the Series [-] Notes

      Section 1.01 Designation.

      (a) There is hereby created and designated a Series of Notes to be issued
pursuant to the Indenture and this Indenture Supplement to be known as "ADVANTA
BUSINESS CARD MASTER TRUST, SERIES [-] ASSET BACKED NOTES" or the "SERIES [-]
NOTES." The Series [-] Notes shall be issued in four Classes, the first of which
shall be known as the "CLASS A SERIES [-] ASSET BACKED NOTES," the second of
which shall be known as the "CLASS B SERIES [-] ASSET BACKED NOTES," the third
of which shall be known as the "CLASS C SERIES [-] ASSET BACKED NOTES," and the
fourth of which shall be known as the "CLASS D SERIES [-] ASSET BACKED NOTES."

      (b) Series [-] shall be included in Group [-] and shall be a Principal
Sharing Series with respect to Group [-] only. Series [-] shall be an Excess
Allocation Series with respect to Group [-] only. Series [-] shall not be
subordinated to any other Series.

                                   ARTICLE II

                                   Definitions

      Section 2.01 Definitions.

      (a) Whenever used in this Indenture Supplement, the following words and
phrases shall have the following meanings, and the definitions of such terms are
applicable to the singular as well as the plural forms of such terms and the
masculine as well as the feminine and neuter genders of such terms. All
capitalized terms not otherwise defined herein are defined in the Indenture, the
Transfer and Servicing Agreement or the Trust Agreement. Each capitalized term
defined herein shall relate only to the Series [-] Notes and no other Series of
Notes issued by the Issuer, unless the context otherwise requires. In the event
that any term or provision contained herein shall conflict with or be
inconsistent with any term or provision contained in the Indenture, the Transfer
and Servicing Agreement or the Trust Agreement, the terms and provisions of this
Indenture Supplement shall be controlling.

<PAGE>

      "Accumulation Period Factor" shall mean, (i) for the purpose of
calculating the Accumulation Period Length, with respect to any Monthly Period,
a fraction, the numerator of which is equal to the sum of the initial invested
amounts of all outstanding Series, and the denominator of which is equal to the
sum of (a) the Initial Invested Amount, (b) the initial invested amounts of all
outstanding Series (other than Series [-]) which are not expected to be in their
revolving periods, and (c) the initial invested amounts of all other outstanding
Series which are not allocating Shared Principal Collections to other Series and
are in their revolving periods and (ii) for the purpose of calculating the
Controlled Accumulation Amount, the Required Accumulation Factor Number divided
by the Accumulation Period Length; provided, however, that this definition may
be changed at anytime if the Rating Agency Condition is satisfied.

      "Accumulation Period Length" shall have the meaning assigned such term in
subsection 4.04(e).

      "Accumulation Shortfall" shall mean (a) on the first Payment Date during
the Controlled Accumulation Period, zero and (b) on each subsequent Payment Date
during the Controlled Accumulation Period, the excess, if any, of the Controlled
Deposit Amount for the previous Payment Date over the amount deposited into the
Principal Funding Account pursuant to subsection 4.04(c)(i) for the previous
Payment Date.

      "Additional Interest" shall mean, with respect to any Payment Date, Class
A Additional Interest, Class B Additional Interest, Class C Additional Interest
and Class D Additional Interest for such Payment Date.

      "Adjusted Invested Amount" shall mean, as of any date of determination, an
amount equal to the Invested Amount as of such date, minus the amount on deposit
in the Principal Funding Account on such date.

      "Available Cash Collateral Account Amount" shall mean, with respect to any
Payment Date, an amount equal to the lesser of (a) the amount on deposit in the
Cash Collateral Account, including, notwithstanding the last paragraph of
Section 4.11(b), Investment Earnings, on such date (before giving effect to any
deposit to, or withdrawal from, the Cash Collateral Account made or to be made
with respect to such date) and (b) the Required Cash Collateral Account Amount
for such Payment Date.

      "Available Finance Charge Collections" shall mean, with respect to any
Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge
Collections for such Monthly Period, plus (b) Principal Funding Investment
Proceeds, if any, with respect to the related Payment Date, plus (c) amounts, if
any, to be withdrawn from the Reserve Account which will be deposited into the
Collection Account on the related Payment Date to be treated as Available
Finance Charge Collections pursuant to subsection 4.10(b) and subsection
4.10(d), plus (d) any Excess Finance Charge Collections with respect to other
Series in Group [-] that are allocated to Series [-] pursuant to Section 4.07.

      "Available Principal Collections" shall mean, with respect to any Monthly
Period, an amount equal to the sum of (a) the Investor Principal Collections for
such Monthly Period, minus (b) the amount of Reallocated Principal Collections
with respect to such Monthly Period which

                                     - 2 -
<PAGE>

pursuant to Section 4.06 are required to be applied on the related Payment Date,
plus (c) any Shared Principal Collections with respect to other Principal
Sharing Series in Group [-] (including any amounts on deposit in the Excess
Funding Account or any amounts held by the holders of the Trust Beneficial
Interests or Certificates pending allocation and distribution on any Payment
Date) pursuant to Section 8.05 of the Indenture and Section 4.08 hereof that are
allocated to Series [-], plus (d) the aggregate amount to be treated as
Available Principal Collections pursuant to subsections 4.04(a)(v) and (vi) for
the related Payment Date.

      "Available Reserve Account Amount" shall mean, with respect to any Payment
Date, the lesser of (a) the amount on deposit in the Reserve Account on such
date (after taking into account any interest and earnings retained in the
Reserve Account pursuant to subsection 4.10(b) on such date, but before giving
effect to any deposit to, or withdrawal from the Reserve Account made or to be
made on such date), and (b) the Required Reserve Account Amount.

      "Base Rate" shall mean, with respect to any Monthly Period, the per annum
rate (calculated on the basis of a 360-day year consisting of twelve (12) 30-day
months) equal to the product of (i) the percentage equivalent of a fraction, the
numerator of which is equal to the sum of the Monthly Interest and the Monthly
Servicing Fee, each with respect to the related Payment Date, and the
denominator of which is the Invested Amount as of the close of business on the
last day of the immediately preceding Monthly Period, multiplied by (ii) twelve
(12).

      "Cash Collateral Account" shall have the meaning specified in subsection
4.11(a).

      "Cash Collateral Account Deficiency" shall mean the excess, if any, of the
Required Cash Collateral Account Amount over the Available Cash Collateral
Account Amount.

      "Cash Collateral Account Percentage" shall mean, (i) 2.25%, if the
Quarterly Excess Spread Percentage on such Payment Date is greater than or equal
to 4.50%, (ii) 3.25%, if the Quarterly Excess Spread Percentage on such Payment
Date is less than 4.50% and greater than or equal to 4.00%, (iii) 4.25%, if the
Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and
greater than or equal to 3.50%; (iv) 4.75%, if the Quarterly Excess Spread
Percentage on such Payment Date is less than 3.50% and greater than or equal to
3.00%, (v) 5.25%, if the Quarterly Excess Spread Percentage on such Payment Date
is less than 3.00% and greater than or equal to 2.00%, (vi) 6.25%, if the
Quarterly Excess Spread Percentage is less than 2.00% and greater than 0.00%,
and (vii) [-]%, if the Quarterly Excess Spread Percentage is 0% or less;
provided, however, if the Cash Collateral Account Percentage for any Payment
Date is higher than the Cash Collateral Account Percentage for the immediately
preceding Payment Date, the Cash Collateral Account Percentage shall not be
subsequently decreased to a lower percentage until the first Payment Date (a)
that falls on or after the third Payment Date following the Payment Date on
which the Cash Collateral Account Percentage had been increased and (b) on which
the Quarterly Excess Spread Percentage has increased to a level above that for
the then-current Cash Collateral Account Percentage, in which case the Cash
Collateral Account Percentage shall be decreased to the appropriate percentage
specified in clauses (i) through (vii) of the definition thereof; and provided
further, that if a Pay Out Event with respect to Series [-] has occurred (other
than a Pay Out Event described in Section 6.01(e)), the Cash Collateral Account
Percentage shall be 10.75% and shall no longer be subject to reduction; and,
provided, further, that the Cash Collateral Account Percentage may be a lower
amount designated by the [-]

                                     - 3 -

<PAGE>

Transferor, provided, that the Transferor shall provide
the Servicer and the Indenture Trustee with evidence that the Rating Agency
Condition with respect to such designation shall have been satisfied.

      "Class A Additional Interest" shall have the meaning specified in
subsection 4.02(a).

      "Class A Interest Shortfall" shall have the meaning specified in
subsection 4.02(a).

      "Class A Monthly Interest" shall have the meaning specified in subsection
4.02(a).

      "Class A Note Initial Principal Balance" shall mean $[-].

      "Class A Note Interest Rate" shall mean a per annum rate of [-]% in
excess of LIBOR as determined on the related LIBOR Determination Date.

      "Class A Note Principal Balance" shall mean, on any date of determination,
an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the
aggregate amount of principal payments made to the Class A Noteholders on or
prior to such date.

      "Class A Noteholder" shall mean the Person in whose name a Class A Note is
registered in the Note Register.

      "Class A Notes" shall mean any one of the Notes executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-1.

      "Class A Required Amount" shall mean, with respect to any Payment Date, an
amount equal to the excess of the amount described in subsection 4.04(a)(i) over
the Available Finance Charge Collections applied to pay such amount pursuant to
subsection 4.04(a).

      "Class B Additional Interest" shall have the meaning specified in
subsection 4.02(b).

      "Class B Interest Shortfall" shall have the meaning specified in
subsection 4.02(b).

      "Class B Monthly Interest" shall have the meaning specified in subsection
4.02(b).

      "Class B Note Initial Principal Balance" shall mean $[-].

      "Class B Note Interest Rate" shall mean a per annum rate of [-]% in
excess of LIBOR as determined on the related LIBOR Determination Date.

      "Class B Note Principal Balance" shall mean, on any date of determination,
an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the
aggregate amount of principal payments made to the Class B Noteholders on or
prior to such date.

      "Class B Noteholder" shall mean the Person in whose name a Class B Note is
registered in the Note Register.

      "Class B Notes" shall mean any one of the Notes executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-2.

                                     - 4 -
<PAGE>

      "Class B Required Amount" shall mean, with respect to any Payment Date, an
amount equal to the excess of the amount described in subsection 4.04(a)(ii)
over the Available Finance Charge Collections applied to pay such amount
pursuant to subsection 4.04(a).

      "Class C Additional Interest" shall have the meaning specified in
subsection 4.02(c).

      "Class C Interest Shortfall" shall have the meaning specified in
subsection 4.02(c).

      "Class C Monthly Interest" shall have the meaning specified in subsection
4.02(c).

      "Class C Note Initial Principal Balance" shall mean $[-].

      "Class C Note Interest Rate" shall mean a per annum rate equal to [-]% in
excess of LIBOR as determined on the related LIBOR Determination Date.

      "Class C Note Principal Balance" shall mean, on any date of determination,
an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the
aggregate amount of principal payments made to the Class C Noteholders on or
prior to such date.

      "Class C Noteholder" shall mean the Person in whose name a Class C Note is
registered in the Note Register.

      "Class C Notes" shall mean any one of the Notes executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-3.

      "Class C Required Amount" shall mean, with respect to any Payment Date, an
amount equal to the excess of the amount described in subsection 4.04(a)(iv)
over the Available Finance Charge Collections and amounts withdrawn from the
Cash Collateral Account pursuant to Section 4.11(c) and, in each case, applied
to pay such amount pursuant to subsection 4.04(a).

      "Class D Additional Interest" shall have the meaning specified in
subsection 4.02(d).

      "Class D Note Assignee" shall have the meaning specified in subsection
8.03(a).

      "Class D Note Assignment" shall have the meaning specified in subsection
8.03(a).

      "Class D Interest Shortfall" shall have the meaning specified in
subsection 4.02(d).

      "Class D Margin Percentage" shall mean [-]%, unless another percentage is
selected by the Transferor in accordance with Section 4.02(f) of this Indenture
Supplement.

      "Class D Monthly Interest" shall have the meaning specified in subsection
4.02(d).

      "Class D Note Initial Principal Balance" shall mean $[-].

      "Class D Note Interest Rate" shall mean a per annum rate equal to the sum
of (a) the Class D Margin Percentage and (b) LIBOR as determined on the related
LIBOR Determination Date.

                                     - 5 -
<PAGE>

      "Class D Note Principal Balance" shall mean, on any date of determination,
an amount equal to (a) the Class D Note Initial Principal Balance, minus (b) the
aggregate amount of principal payments made to the Class D Noteholders on or
prior to such date.

      "Class D Noteholder" shall mean the Person in whose name a Class D Note is
registered in the Note Register.

      "Class D Notes" shall mean any one of the Notes executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-4.

      "Closing Date" shall mean [-], [-].

      "Controlled Accumulation Amount" shall mean, for any Payment Date
occurring during the Controlled Accumulation Period, $[-]; provided, however,
that if the Accumulation Period Length is determined to be less than 8 months
pursuant to subsection 4.04(e), the Controlled Accumulation Amount for each
Payment Date with respect to the Controlled Accumulation Period will be equal to
(i) the product of (x) the Initial Invested Amount and (y) the Accumulation
Period Factor for such Monthly Period divided by (ii) the Required Accumulation
Factor Number.

      "Controlled Accumulation Period" shall mean, unless a Pay Out Event shall
have occurred prior thereto, the period commencing at the close of business on
[-], [-] or such later date as is determined in accordance with subsection
4.04(e), and ending on the first to occur of (a) the commencement of the Early
Amortization Period, (b) the payment in full of the Note Principal Balance and
(c) the Series [-] Final Maturity Date.

      "Controlled Deposit Amount" shall mean, for any Payment Date occurring
during the Controlled Accumulation Period, an amount equal to the sum of the
Controlled Accumulation Amount for such Payment Date and any existing
Accumulation Shortfall.

      "Covered Amount" shall mean an amount, determined as of each Payment Date
with respect to any Interest Period, equal to the product of (i) a fraction, the
numerator of which is the actual number of days in such Interest Period and the
denominator of which is 360, times (ii) the weighted average of the Class A Note
Interest Rate, the Class B Note Interest Rate, the Class C Note Interest Rate
and the Class D Note Interest Rate in effect with respect to such Interest
Period, times (iii) the aggregate amount on deposit in the Principal Funding
Account.

      "Early Amortization Period" shall mean the period commencing on the
Business Day on which a Pay Out Event with respect to Series [-] is deemed to
have occurred, and ending on the first to occur of (i) the payment in full of
the Note Principal Balance and (ii) the Series [-] Final Maturity Date.

      "Eligible Institution" shall mean any depository institution (which may be
the Owner Trustee or the Indenture Trustee) organized under the laws of the
United States or any one of the states thereof, or the District of Columbia (or
any domestic branch of a foreign bank), which depository institution at all
times (a) has FDIC deposit insurance and (b) has either (i) a long-term
unsecured debt rating of "AA-" or better by Standard & Poor's and "Aa2" or
better by Moody's or (ii) a certificate of deposit rating of "A-1+" by Standard
& Poor's and "P-1" by

                                     - 6 -
<PAGE>

Moody's. Notwithstanding the previous sentence, any institution the appointment
of which satisfies the Rating Agency Condition shall be considered an Eligible
Institution. If so qualified, the Servicer may be considered an Eligible
Institution for the purposes of this definition.

      "Eligible Investments" shall mean the following securities, instruments,
security entitlement or other investment property, other than securities issued
by or obligations of the Seller:

      (a) direct obligations of, or obligations fully guaranteed as to timely
payment of principal and interest by, the United States of America;

      (b) demand deposits, time deposits or certificates of deposit (having
original maturities of no more than 365 days) of depository institutions or
trust companies incorporated under the laws of the United States of America or
any state thereof, or the District of Columbia (or domestic branches of foreign
banks) and subject to supervision and examination by federal or state banking or
depository institution authorities; provided that at the time of the Trust's
investment or contractual commitment to invest therein, the short-term debt
rating of such depository institution or trust company shall be "A-1+" by
Standard & Poor's and "P-1" by Moody's;

      (c) commercial paper or other short-term obligations having original or
remaining maturities of no more than thirty (30) days, and having, at the time
of the Trust's investment or contractual commitment to invest therein, a rating
of "A-1+" by Standard & Poor's and "P-1" by Moody's;

      (d) demand deposits, time deposits and certificates of deposit which are
fully insured by the FDIC having, at the time of the Trust's investment therein,
a rating of "A-1+" by Standard & Poor's and "P-1" by Moody's;

      (e) notes or bankers' acceptances (having original maturities of no more
than 365 days) issued by any depository institution or trust company referred to
in clause (b) above;

      (f) money market funds having, at the time of the Trust's investment
therein, a rating of "A-1+" by Standard & Poor's and "P-1" by Moody's (including
funds for which the Indenture Trustee or any of its Affiliates is investment
manager or advisor);

      (g) time deposits (having maturities not later than the succeeding Payment
Date) other than as referred to in clause (d) above, with a Person the
commercial paper of which has a credit rating of "A-1+" by Standard and Poor's
and "P-1" by Moody's; and

      (h) any other investment of a type or rating that satisfies the Rating
Agency Condition.

      "Excess Spread Percentage" shall mean with respect to any Payment Date, a
percentage equal to the Net Portfolio Yield for the preceding Monthly Period
minus the Base Rate for the preceding Monthly Period.

      "Expected Final Principal Payment Date" shall mean the [-] Payment Date.

                                     - 7 -
<PAGE>

      "Finance Charge Shortfall" shall have the meaning specified in Section
4.07.

      "Finance Charge and Administrative Receivables" shall have the meaning
specified in the Transfer and Servicing Agreement.

      "Fixed Investor Percentage" shall mean, with respect to any Monthly
Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, (a) the numerator of which is the Invested Amount as of the close of
business on the last day of the Revolving Period and (b) the denominator of
which is the greater of (i) the sum of (A) the total amount of Principal
Receivables in the Trust as of the close of business on the last day of the
immediately preceding Monthly Period (or with respect to the first Monthly
Period, the total amount of Principal Receivables in the Trust as of the close
of business on the Closing Date) and (B) the principal amount on deposit in the
Excess Funding Account as of the close of business on such last day (or with
respect to the first Monthly Period, the Closing Date) and (ii) the sum of the
numerators used to calculate the investor percentages for allocations with
respect to Principal Receivables for all Series outstanding as of the date as to
which such determination is being made; provided, however, that with respect to
any Monthly Period in which a Reset Date occurs, the amount in clause (b)(i)(A)
above shall be (1) the aggregate amount of Principal Receivables in the Trust as
of the close of business on the last day of the prior Monthly Period, for the
period from and including the first day of the prior Monthly Period to but
excluding the related Reset Date, and (2) the aggregate amount of Principal
Receivables in the Trust as of the opening of business on the related Reset Date
after adjusting for the aggregate amount of Principal Receivables added to or
removed from the Trust on the related Reset Date, for the period from and
including the related Reset Date, to and including the last day of such Monthly
Period.

      "Floating Investor Percentage" shall mean, with respect to any Monthly
Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, (a) the numerator of which is the Adjusted Invested Amount as of the
close of business on the last day of the preceding Monthly Period (or with
respect to the first Monthly Period, the Initial Invested Amount) and (b) the
denominator of which is the greater of (i) the sum of (A) the total amount of
Principal Receivables in the Trust as of the close of business on the last day
of the immediately preceding Monthly Period (or with respect to the first
Monthly Period, the total amount of Principal Receivables in the Trust as of the
close of business on the Closing Date) and (B) the principal amount on deposit
in the Excess Funding Account as of the close of business on such last day (or
with respect to the first Monthly Period, as of the Closing Date) and (ii) the
sum of the numerators used to calculate the investor percentages for allocations
with respect to Finance Charge and Administrative Receivables, Defaulted Amounts
or Principal Receivables, as applicable, for all Series outstanding as of the
date as to which such determination is being made; provided, however, that with
respect to any Monthly Period in which a Reset Date occurs, the amount in clause
(b)(i)(A) above shall be (1) the aggregate amount of Principal Receivables in
the Trust as of the close of business on the last day of the prior Monthly
Period, for the period from and including the first day of such Monthly Period
to but excluding the related Reset Date and (2) the aggregate amount of
Principal Receivables in the Trust as of the opening of business on the related
Reset Date after adjusting for the aggregate amount of Principal Receivables
added to or removed from the Trust on the related Reset Date, for the period
from and including the related Reset Date to and including the last day of such
Monthly Period.

                                     - 8 -
<PAGE>

      "Funding Period" shall mean the period commencing on the Closing Date and
ending upon the earlier of (a) the commencement of the Early Amortization
Period, (b) the date on which the Invested Amount shall first equal the [Initial
Investor Amount] and (c) [-].

      "Group [-]" shall mean Series [-] and each other Series hereafter
specified in the related indenture supplement to be included in Group [-].

      "Initial Cash Collateral Account Amount" shall mean $[-].

      "Initial Invested Amount" shall mean $[-].

      "Initial Pre-Funded Amount" shall mean $[-].

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

      "Invested Amount" shall mean, as of any date of determination, an amount
equal to (i) the Initial Invested Amount, minus (ii) the amount of principal
previously paid to the Series [-] Noteholders, minus (iii) the excess, if any,
of the aggregate amount of Investor Charge-Offs and Reallocated Principal
Collections over the reimbursements of such amounts pursuant to subsection
4.04(a)(vi) prior to such date.

      "Investment Earnings" shall mean, with respect to any Payment Date, all
interest and earnings on Eligible Investments included in the Cash Collateral
Account (net of losses and investment expenses) during the period commencing on
and including the Payment Date immediately preceding such Payment Date and
ending on but excluding such Payment Date.

      "Investment Letter" shall have the meaning specified in subsection
8.03(a).

      "Investor Charge-Off" shall have the meaning specified in Section 4.05.

      "Investor Default Amount" shall mean, with respect to any Payment Date, an
amount equal to the product of (a) the Defaulted Amount for the related Monthly
Period and (b) the Floating Investor Percentage for such Monthly Period.

      "Investor Finance Charge Collections" shall mean, with respect to any
Monthly Period, an amount equal to the Investor Percentage for such Monthly
Period of (a) Collections of Finance Charge and Administrative Receivables
(including Recoveries treated as Collections of Finance Charge and
Administrative Receivables) deposited in the Collection Account for such Monthly
Period and (b) Interchange treated as Investor Finance Charge Collections for
such Monthly Period pursuant to subsection 3.01(b).

      "Investor Percentage" shall mean, for any Monthly Period, (a) with respect
to Defaulted Amounts and Finance Charge and Administrative Receivables at any
time and Principal Receivables during the Revolving Period, the Floating
Investor Percentage and (b) with respect

                                     - 9 -
<PAGE>

to Principal Receivables during the Controlled Accumulation Period or the Early
Amortization Period, the Fixed Investor Percentage.

      "Investor Principal Collections" shall mean, with respect to any Monthly
Period, the aggregate amount retained in the Collection Account for Series [-]
pursuant to subsection 4.01(c)(ii) for such Monthly Period and any amount
treated as Investor Principal Collections for Series [-] pursuant to Section
8.03(b) of the Indenture.

      "LIBOR" shall mean, the London interbank offered rate for one-month United
States dollar deposits determined by the Indenture Trustee for each such
Interest Period in accordance with the provisions of Section 4.12.

      "LIBOR Determination Date" shall mean (a) with respect to the first
Payment Date, (i) [-], [-] for the period from and including the Closing Date
through and including [-], [-] and (ii) [-], [-] for the period from and
including [-], [-] through and including [-], [-] and (b) with respect to any
Payment Date after the first Payment Date, the second London Business Day prior
to the commencement of the second and each subsequent Interest Period.

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

      "Monthly Interest" shall mean, with respect to any Payment Date, the sum
of the Class A Monthly Interest, the Class B Monthly Interest, the Class C
Monthly Interest and the Class D Monthly Interest for such Payment Date.

      "Monthly Principal" shall mean the monthly principal distributable in
respect of the Notes as calculated in accordance with Section 4.03.

      "Monthly Principal Reallocation Amount" shall mean, with respect to any
Monthly Period, an amount equal to the sum of:

            (A) the lower of (i) the Class A Required Amount and (ii) the
product of (a) [-]% and (b) (x) the Initial Invested Amount minus (y) the
amount of unreimbursed Investor Charge-Offs (after giving effect to Investor
Charge-Offs for the related Monthly Period) and unreimbursed Reallocated
Principal Collections (as of the previous Payment Date); and

            (B) the lower of (i) the sum of the Class B Required Amount and the
Servicing Fee Required Amount and (ii) the product of (a) [-]% and (b) (x) the
Initial Invested Amount minus (y) the amount of unreimbursed Investor
Charge-Offs (after giving effect to Investor Charge-Offs for the related Monthly
Period) and unreimbursed Reallocated Principal Collections (as of the previous
Payment Date and as required in (A) above); and

            (C) the lower of (i) the Class C Required Amount and (ii) the
product of (a) [-]% and (b) (x) the Initial Invested Amount minus (y) the
amount of unreimbursed Investor Charge-Offs (after giving effect to Investor
Charge-Offs for the related Monthly Period) and unreimbursed Reallocated
Principal Collections (as of the previous Payment Date and as required in (A)
and (B) above).

                                     - 10 -
<PAGE>

      "Monthly Servicing Fee" shall have the meaning specified in subsection
3.01(a).

      "Moody's" shall mean Moody's Investors Service, Inc. and any successor in
interest thereto.

      "Net Portfolio Yield" shall mean, with respect to any Monthly Period, the
per annum rate (calculated on the basis of a 360-day year consisting of twelve
(12) 30-day months) equal to the product of (I) the percentage equivalent of a
fraction, (a) the numerator of which is equal to the sum of (i) Investor Finance
Charge Collections with respect to such Monthly Period, plus (ii) the Principal
Funding Investment Proceeds deposited into the Collection Account on the Payment
Date related to such Monthly Period, plus (iii) the amount of the Reserve Draw
Amount (up to the Available Reserve Account Amount) plus any amounts of interest
and earnings described in Section 4.10, each deposited into the Collection
Account on the Payment Date relating to such Monthly Period, such sum to be
calculated on a cash basis after subtracting the Investor Default Amount for
such Monthly Period, and (b) the denominator of which is the Invested Amount as
of the last day of the prior Monthly Period, multiplied by (II) twelve (12);
provided, however, that Excess Finance Charge Collections that are allocated to
Series [-] with respect to such Monthly Period may be added to the numerator if
the Transferor shall have provided ten (10) Business Days prior written notice
of such action to each Rating Agency and the Transferor, the Servicer and the
Indenture Trustee shall have received notification in writing that such action
will not result in any Rating Agency reducing or withdrawing its then existing
rating of the Notes of any outstanding Series or Class with respect to which it
is a Rating Agency.

      "Note Principal Balance" shall mean, on any date of determination, an
amount equal to the sum of the Class A Note Principal Balance, the Class B Note
Principal Balance, the Class C Note Principal Balance and the Class D Note
Principal Balance.

      "Payment Date" shall mean [-], [-] and the twentieth day of each calendar
month thereafter, or if such twentieth day is not a Business Day, the next
succeeding Business Day.

      "Percentage Allocation" shall have the meaning set forth in subsection
4.01(c).

      "Pre-Funded Amount" shall mean, on any date of determination, the amount
on deposit in the Pre-Funding Account (net of all interest and other investment
income).

      "Pre-Funding Account" shall have the meaning set forth in subsection
4.12(a).

      "Principal Funding Account" shall have the meaning set forth in subsection
4.09(a).

      "Principal Funding Account Balance" shall mean, with respect to any date
of determination, the principal amount, if any, on deposit in the Principal
Funding Account on such date of determination.

      "Principal Funding Investment Proceeds" shall mean, with respect to each
Payment Date, the investment earnings on funds in the Principal Funding Account
(net of investment expenses and losses) for the period from and including the
immediately preceding Payment Date to but excluding such Payment Date.

                                     - 11 -
<PAGE>

      "Private Holder" shall mean each holder of a right to receive interest or
principal in respect of any direct or indirect interest in the Trust, including
any financial instrument or contract the value of which is determined in whole
or in part by reference to the Trust (including the assets of the Trust, income
of the Trust or distributions made by the Trust), but excluding any interest in
the Trust represented by any Series or Class of Notes or any other interest as
to which the Transferor has provided to the Indenture Trustee an Opinion of
Counsel to the effect that such Series, Class or other interest will be treated
as debt or otherwise not as an equity interest in either the Trust or the
Receivables for federal income tax purposes, in each case, provided such
interest is not convertible or exchangeable into an interest in the Trust or the
Trust's income or equivalent value. Notwithstanding the immediately preceding
sentence, (i) "Private Holder" shall also include any other Person that the
Transferor determines is, may be, or may become a "partner" within the meaning
of Section 1.7704-1(h)(1)(ii) (including by reason of Section 1.7704-1(h)(3)) of
the United States Treasury Regulations. "Private Holders" shall include the
Holders of the Trust Beneficial Interest or other ownership interest or any
interest in either, the Servicer and the Class D Noteholders. Any Person holding
more than one interest in the Trust each of which separately would cause such
Person to be a Private Holder shall be treated as a single Private Holder. Each
holder of an interest in a Private Holder which is a partnership, S corporation
or a grantor trust under the Code shall be treated as a Private Holder unless
excepted with the consent of the Transferor.

      "Quarterly Excess Spread Percentage" shall mean (a) with respect to the
[-] Payment Date, the Excess Spread Percentage for the [-] Payment Date, (b)
with respect to the [-] Payment Date, the percentage equivalent of a fraction
the numerator of which is the sum of (i) the Excess Spread Percentage for the
[-] Payment Date and (ii) the Excess Spread Percentage for the [-] Payment Date
and the denominator of which is two, (c) with respect to the [-] Payment Date,
the percentage equivalent of a fraction the numerator of which is the sum of (i)
the Excess Spread Percentage for the [-] Payment Date, (ii) the Excess Spread
Percentage for the [-] Payment Date and (iii) the Excess Spread Percentage for
the [-] Payment Date and the denominator of which is three, (d) with respect to
the [-] Payment Date and each Payment Date thereafter, the percentage equivalent
of a fraction the numerator of which is the sum of the Excess Spread Percentages
for the then-current Payment Date and the immediately preceding two Payment
Dates and the denominator of which is three.

      "Rating Agency" shall mean each of Standard & Poor's and Moody's.

      "Reallocated Principal Collections" shall mean, with respect to any
Payment Date, Investor Principal Collections applied in accordance with Section
4.06 in an amount not to exceed the Monthly Principal Reallocation Amount for
the related Monthly Period.

      "Reassignment Amount" shall mean, with respect to any Payment Date, after
giving effect to any deposits and distributions otherwise to be made on such
Payment Date, the sum of (i) the Note Principal Balance on such Payment Date,
plus (ii) Monthly Interest for such Payment Date and any Monthly Interest
previously due but not distributed to the Series [-] Noteholders, plus (iii) the
amount of Additional Interest, if any, for such Payment Date and any Additional
Interest previously due but not distributed to the Series [-] Noteholders on a
prior Payment Date.

                                     - 12 -
<PAGE>

      "Reference Banks" shall mean three major banks in the London interbank
market selected by the Servicer.

      "Required Accumulation Factor Number" shall be equal to a fraction,
rounded upwards to the nearest whole number, the numerator of which is one and
the denominator of which is equal to the lowest monthly principal payment rate
on the Accounts, expressed as a decimal, for the 12 months preceding the date of
such calculation; provided, however, that this definition may be changed at any
time if the Rating Agency Condition is satisfied.

      "Required Cash Collateral Account Amount" shall mean, (a) prior to the
occurrence of an Event of Default with respect to Series [-], with respect to
any date of determination, the product of (i) the Cash Collateral Account
Percentage in effect on such date and (ii) the Initial Invested Amount; provided
that the Required Cash Collateral Account Amount shall not exceed the sum of the
Class C Note Principal Balance and the Class D Note Principal Balance, minus the
excess, if any, of the Principal Funding Account Balance over the sum of the
Class A Note Principal Balance and the Class B Note Principal Balance on such
date of determination and (b) after the occurrence of an Event of Default with
respect to Series [-], for any Payment Date, the sum of (i) the amount on
deposit in the Cash Collateral Account on such Payment Date (including any
amount transferred from the Reserve Account to the Cash Collateral Account
pursuant to Section 4.10(e)), plus (ii) Available Finance Charge Collections for
such Payment Date remaining after application of such amounts pursuant to
subsection 4.04(a)(vii); provided, however, that if after the occurrence of an
Event of Default with respect to Series [-] the maturity of the Series [-] Notes
is not accelerated, the Required Cash Collateral Account Amount shall not exceed
the Note Principal Balance.

      "Required Reserve Account Amount" shall mean, with respect to any Payment
Date on or after the Reserve Account Funding Date, an amount equal to (a) the
product of (i) [-]% of the Note Principal Balance as of the preceding Payment
Date and (ii) a fraction the numerator of which is the number of Monthly Periods
scheduled to be included in the Controlled Accumulation Period as of such date
and the denominator of which is eight (except that if such numerator is one, the
Required Reserve Account Amount determined pursuant to this clause (a) shall be
$0), or (b) any other amount designated by the Transferor; provided, however,
that if such designation is of a lesser amount, the Transferor shall (i) provide
the Servicer and the Indenture Trustee with evidence that the Rating Agency
Condition with respect to such designation shall have been satisfied and (ii)
deliver to the Indenture Trustee a certificate of an Authorized Officer to the
effect that, based on the facts known to such officer at such time, in the
reasonable belief of the Transferor, such designation will not cause a Pay Out
Event or an event that, after the giving of notice or the lapse of time, would
cause a Pay Out Event to occur with respect to Series [-].

      "Required Transferor Interest" shall have the meaning specified in the
Indenture.

      "Reserve Account" shall have the meaning specified in subsection 4.10(a).

      "Reserve Account Funding Date" shall mean the date designated by the
Servicer which occurs not later than the earliest of (a) the Payment Date with
respect to the Monthly Period

                                     - 13 -
<PAGE>

which commences 3 months prior to the commencement of the Controlled
Accumulation Period or (b) such other date designated by the Servicer.

      "Reserve Account Surplus" shall mean, as of any Payment Date following the
Reserve Account Funding Date, the amount, if any, by which the amount on deposit
in the Reserve Account exceeds the Required Reserve Account Amount.

      "Reserve Draw Amount" shall mean, with respect to each Payment Date during
the Controlled Accumulation Period or the first Payment Date during the Early
Amortization Period, the amount, if any, by which the Principal Funding
Investment Proceeds for such Payment Date are less than the Covered Amount
determined as of such Payment Date.

      "Reset Date" shall mean, any date that is (i) an Addition Date, (ii) a
date on which the issuance of additional Notes of an Outstanding Series occurs,
(iii) a date on which an increase or decrease in the Invested Amount of any
Series that is a variable principal funding Series occurs or (iv) a Removal
Date.

      "Revolving Period" shall mean the period beginning on the Closing Date and
ending on the earlier of the close of business on the day the Controlled
Accumulation Period commences or the Early Amortization Period commences.

      "Series [-]" shall mean the Series of Notes the terms of which are
specified in this Indenture Supplement.

      "Series [-] Final Maturity Date" shall mean the earlier to occur of (a)
the Payment Date on which the Note Principal Balance is paid in full and (b) the
[-] Payment Date.

      "Series [-] Note" shall mean a Class A Note, a Class B Note, a Class C
Note or a Class D Note.

      "Series [-] Noteholder" shall mean a Class A Noteholder, a Class B
Noteholder, a Class C Noteholder or a Class D Noteholder.

      "Series [-] Pay Out Event" shall have the meaning specified in Section
6.01.

      "Series [-] Principal Shortfall" shall have the meaning specified in
subsection 4.08.

      "Servicing Fee Rate" shall mean 2% per annum, which may be changed
pursuant to subsection 3.01(c).

      "Servicing Fee Required Amount" shall mean, with respect to any Payment
Date, an amount equal to the excess of the amount described in subsection
4.04(a)(iii) over the Available Finance Charge Collections applied to pay such
amount pursuant to subsection 4.04(a).

      "Standard & Poor's" shall mean Standard & Poor's, a division of the
McGraw-Hill Companies, Inc. and any successor in interest thereto.

                                     - 14 -
<PAGE>

      "Telerate Page 3750" shall mean the display page currently so designated
on the Moneyline Telerate Service (or such other page as may replace that page
in that service for the purpose of displaying comparable rates or prices).

      (b) The words "HEREOF," "HEREIN," "HEREUNDER" and words of similar import
when used in this Indenture Supplement shall refer to this Indenture Supplement
as a whole and not to any particular provision of this Indenture Supplement;
references to any Article, subsection, Section or Exhibit are references to
Articles, subsections, Sections and Exhibits in or to this Indenture Supplement
unless otherwise specified; and the term "INCLUDING" means "INCLUDING WITHOUT
LIMITATION."

                                  ARTICLE III

                          Servicing Fee and Interchange

      Section 3.01 Servicing Compensation; Interchange.

      (a) Servicing Fee. The Servicer shall determine the share of the Servicing
Fee allocable to Series [-] with respect to any Payment Date (the "MONTHLY
SERVICING FEE"), which shall be equal to one-twelfth of the product of (a) the
Servicing Fee Rate and (b) (i) the Adjusted Invested Amount as of the last day
of the Monthly Period preceding such Payment Date, minus (ii) the product of the
amount, if any, on deposit in the Excess Funding Account as of the last day of
the Monthly Period preceding such Payment Date and the Floating Investor
Percentage with respect to such Monthly Period; provided, however, that with
respect to the first Payment Date, the Monthly Servicing Fee shall be equal to
$[-]. The remainder of the Monthly Servicing Fee shall be paid by the holder of
the Trust Beneficial Interest or the noteholders of other Series (as provided in
the related Indenture Supplements) and in no event shall the Trust, the
Indenture Trustee or the Series [-] Noteholders be liable for the share of the
Servicing Fee to be paid by the holder of the Trust Beneficial Interest or the
Noteholders of any other Series. To the extent that the Monthly Servicing Fee is
not paid in full pursuant to the preceding provisions of this Section 3.01 and
Section 4.04, it shall be paid by the holder of the Trust Beneficial Interest.

      (b) Interchange. On or before each Determination Date, the Servicer shall
notify the Transferor of the amount of Interchange to be included as Investor
Finance Charge Collections with respect to the preceding Monthly Period as
determined pursuant to this subsection 3.01(b). Such amount of Interchange shall
be equal to the product of (i) the amount of Interchange attributable to the
Accounts, as reasonably estimated by the Servicer, and (ii) the Floating
Investor Percentage. On each Payment Date, the Servicer shall deposit into the
Collection Account, in immediately available funds, the amount of Interchange to
be so included as Investor Finance Charge Collections with respect to the
preceding Monthly Period and such Interchange shall be treated as a portion of
Investor Finance Charge Collections for all purposes of this Indenture
Supplement, the Indenture and the Transfer and Servicing Agreement.

      (c) The Servicing Fee Rate may be increased upon the written direction of
Series [-] Noteholders holding 66 2/3% or more of the then-outstanding note
principal balance of each Class of the Series [-] Notes and upon the written
confirmation from each rating agency then rating any Class of the Series [-]
Notes that the increase in the Servicing Fee Rate will not cause a reduction or
withdrawal of the rating of any outstanding Class.

                                     - 15 -
<PAGE>

                                   ARTICLE IV

                        Rights of Series [-] Noteholders

                  and Allocation and Application of Collections

      Section 4.01 Collections and Allocations.

      (a) Allocations. Collections of Finance Charge and Administrative
Receivables and Principal Receivables and Defaulted Receivables allocated to
Series [-] pursuant to Article VIII of the Indenture shall be allocated and
distributed as set forth in this Article.

      (b) Payments to the Transferor. The Servicer shall, on Deposit Dates,
withdraw from the Collection Account and pay to the holders of Trust Beneficial
Interests or Certificates the following amounts:

            (i) an amount equal to the Transferor Percentage of Collections of
Finance Charge and Administrative Receivables to the extent such amount is
deposited in the Collection Account; and

            (ii) an amount equal to the Transferor Percentage of Collections of
Principal Receivables deposited in the Collection Account, if the Transferor
Interest (determined after giving effect to any Principal Receivables
transferred to the Trust on such Deposit Date) exceeds zero and otherwise shall
be deposited in the Excess Funding Account.

      The withdrawals to be made from the Collection Account pursuant to this
subsection 4.01(b) do not apply to deposits into the Collection Account that do
not represent Collections, including payment of the purchase price for the
Receivables or the Notes pursuant to, respectively, Section 2.06 or Section 7.01
of the Transfer and Servicing Agreement and payment of the purchase price for
the Series [-] Notes pursuant to Section 7.01 of this Indenture Supplement.

      (c) Allocations to the Series [-] Noteholders. The Servicer shall, prior
to the close of business on any Deposit Date, allocate to the Series [-]
Noteholders the following amounts as set forth below:

            (i) Allocations of Finance Charge Collections. The Servicer shall,
allocate to the Series [-] Noteholders and deposit in the Collection Account for
application as provided herein an amount equal to the product of (A) the
Investor Percentage and (B) the aggregate amount of Collections of Finance
Charge and Administrative Receivables for such Deposit Date.

            (ii) Allocations of Principal Collections. The Servicer shall
allocate to the Series [-] Noteholders the following amounts as set forth below:

                  (x) Allocations During the Revolving Period. During the
      Revolving Period, an amount equal to the product of (I) the Investor
      Percentage and (II) the aggregate amount of Collections of Principal
      Receivables on such Deposit Date shall be allocated to the Series [-]
      Noteholders and, following allocation in accordance with Section 4.04(b)
      hereof and Section 8.05 of the Indenture, shall be paid to the holders of
      Trust Beneficial Interests or Certificates only if the Transferor Interest
      on such date is

                                     - 16 -
<PAGE>

      greater than the Required Transferor Interest (after giving effect to all
      Principal Receivables transferred to the Trust on such day) and otherwise
      shall be deposited in the Excess Funding Account.

                  (y) Allocations During the Controlled Accumulation Period.
      During the Controlled Accumulation Period an amount equal to the product
      of (I) the Investor Percentage and (II) the aggregate amount of
      Collections of Principal Receivables deposited in the Collection Account
      on such Deposit Date (the product for any such date is hereinafter
      referred to as a "PERCENTAGE ALLOCATION") shall be allocated to the Series
      [-] Noteholders and retained in the Collection Account until deposited
      monthly in the Principal Funding Account as provided herein; provided,
      however, that if the sum of such Percentage Allocation and all preceding
      Percentage Allocations with respect to the same Monthly Period exceeds the
      Controlled Deposit Amount during the Controlled Accumulation Period for
      the related Payment Date, then such excess shall not be treated as a
      Percentage Allocation and, following allocation in accordance with Section
      4.08 hereof and Section 8.05 of the Indenture, shall be paid to the
      holders of Trust Beneficial Interests or Certificates only if the
      Transferor Interest on such date is greater than the Required Transferor
      Interest (after giving effect to all Principal Receivables transferred to
      the Trust on such day) and otherwise shall be deposited in the Excess
      Funding Account.

                  (z) Allocations During the Early Amortization Period. During
      the Early Amortization Period, an amount equal to the product of (I) the
      Investor Percentage and (II) the aggregate amount of Collections of
      Principal Receivables deposited in the Collection Account on such Deposit
      Date, shall be allocated to the Series [-] Noteholders and retained in the
      Collection Account until applied as provided herein; provided, however,
      that after the date on which an amount of such Collections equal to the
      Adjusted Invested Amount has been deposited into the Collection Account
      and allocated to the Series [-] Noteholders, such amount, following
      allocation in accordance with Section 4.08 hereof and Section 8.05 of the
      Indenture, shall be paid to the holders of Trust Beneficial Interests or
      Certificates only if the Transferor Interest on such date is greater than
      the Required Transferor Interest (after giving effect to all Principal
      Receivables transferred to the Trust on such day) and otherwise shall be
      deposited in the Excess Funding Account.

      Section 4.02 Determination of Monthly Interest.

      (a) Subject to Section 4.02(e), the amount of monthly interest ("CLASS A
MONTHLY INTEREST") distributable from the Collection Account with respect to the
Class A Notes on any Payment Date shall be an amount equal to the product of (i)
a fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (ii) the Class A Note
Interest Rate in effect with respect to the related Interest Period, times (iii)
the Class A Note Principal Balance as of the close of business on the related
Record Date (or, with respect to the first Payment Date, the Class A Note
Initial Principal Balance).

      On the Determination Date preceding each Payment Date, the Servicer shall
determine the excess, if any (the "CLASS A INTEREST SHORTFALL"), of (x) the
Class A Monthly Interest for such Payment Date over (y) the aggregate amount of
funds allocated and available to pay such

                                     - 17 -
<PAGE>

Class A Monthly Interest on such Payment Date. If the Class A Interest Shortfall
with respect to any Payment Date is greater than zero, on each subsequent
Payment Date until such Class A Interest Shortfall is fully paid, an additional
amount ("CLASS A ADDITIONAL INTEREST") equal to the product of (i) a fraction,
the numerator of which is the actual number of days in the related Interest
Period and the denominator of which is 360, times (ii) the Class A Note Interest
Rate in effect with respect to the related Interest Period, times (iii) such
Class A Interest Shortfall (or the portion thereof which has not been paid to
the Class A Noteholders) shall be payable as provided herein with respect to the
Class A Notes. Notwithstanding anything to the contrary herein, Class A
Additional Interest shall be payable or distributed to the Class A Noteholders
only to the extent permitted by applicable law.

      (b) Subject to Section 4.02(e), the amount of monthly interest ("CLASS B
MONTHLY INTEREST") distributable from the Collection Account with respect to the
Class B Notes on any Payment Date shall be an amount equal to the product of (i)
a fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (ii) the Class B Note
Interest Rate in effect with respect to the related Interest Period, times (iii)
the Class B Note Principal Balance as of the close of business on the related
Record Date (or, with respect to the first Payment Date, the Class B Note
Initial Principal Balance).

      On the Determination Date preceding each Payment Date, the Servicer shall
determine the excess, if any (the "CLASS B INTEREST SHORTFALL"), of (x) the
Class B Monthly Interest for such Payment Date over (y) the aggregate amount of
funds allocated and available to pay such Class B Monthly Interest on such
Payment Date. If the Class B Interest Shortfall with respect to any Payment Date
is greater than zero, on each subsequent Payment Date until such Class B
Interest Shortfall is fully paid, an additional amount ("CLASS B ADDITIONAL
INTEREST") equal to the product of (i) a fraction, the numerator of which is the
actual number of days in the related Interest Period and the denominator of
which is 360, times (ii) the Class B Note Interest Rate in effect with respect
to the related Interest Period, times (iii) such Class B Interest Shortfall (or
the portion thereof which has not been paid to the Class B Noteholders) shall be
payable as provided herein with respect to the Class B Notes. Notwithstanding
anything to the contrary herein, Class B Additional Interest shall be payable or
distributed to the Class B Noteholders only to the extent permitted by
applicable law.

      (c) Subject to Section 4.02(e), the amount of monthly interest ("CLASS C
MONTHLY INTEREST") distributable from the Collection Account with respect to the
Class C Notes on any Payment Date shall be an amount equal to the product of (i)
a fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (ii) the Class C Note
Interest Rate in effect with respect to the related Interest Period, times (iii)
the Class C Note Principal Balance as of the close of business on the related
Record Date (or, with respect to the first Payment Date, the Class C Note
Initial Principal Balance).

      On the Determination Date preceding each Payment Date, the Servicer shall
determine an amount (the "CLASS C INTEREST SHORTFALL") equal to (x) the
aggregate Class C Monthly Interest for such Payment Date minus (y) the aggregate
amount of funds allocated and available to pay such Class C Monthly Interest,
including, but not limited to, the Available Cash Collateral Account Amount, on
such Payment Date. If the Class C Interest Shortfall with respect to any Payment
Date is greater than zero, on each subsequent Payment Date until such Class C
Interest

                                     - 18 -
<PAGE>

Shortfall is fully paid, an additional amount ("CLASS C ADDITIONAL INTEREST")
shall be payable as provided herein with respect to the Class C Notes equal to
the product of (i) a fraction, the numerator of which is the actual number of
days in the related Interest Period and the denominator of which is 360, times
(ii) the Class C Note Interest Rate in effect with respect to the related
Interest Period, times (iii) such Class C Interest Shortfall (or the portion
thereof which has not been paid to the Class C Noteholders (after giving effect
to the application of the proceeds of any draw made on the Cash Collateral
Account as provided in Section 4.04(a)(iv) and Section 4.11(c) for the purpose
of paying such amount with respect to such Payment Date)). Notwithstanding
anything to the contrary herein, Class C Additional Interest shall be payable or
distributed to the Class C Noteholders only to the extent permitted by
applicable law.

      (d) Subject to Section 4.02(e), the amount of monthly interest ("CLASS D
MONTHLY INTEREST") distributable from the Collection Account with respect to the
Class D Notes on any Payment Date shall be an amount equal to the product of (i)
a fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (ii) the Class D Note
Interest Rate in effect with respect to the related Interest Period, times (iii)
the Class D Note Principal Balance as of the close of business on the related
Record Date (or, with respect to the first Payment Date, the Class D Note
Initial Principal Balance).

      On the Determination Date preceding each Payment Date, the Servicer shall
determine an amount (the "CLASS D INTEREST SHORTFALL") equal to (x) the
aggregate Class D Monthly Interest for such Payment Date minus (y) the aggregate
amount of funds allocated and available to pay such Class D Monthly Interest,
including, but not limited to, the Available Cash Collateral Account Amount
(after giving effect to any reduction in such amount after application of funds
therefrom pursuant to Section 4.02(c)), on such Payment Date. If the Class D
Interest Shortfall with respect to any Payment Date is greater than zero, on
each subsequent Payment Date until such Class D Interest Shortfall is fully
paid, an additional amount ("CLASS D ADDITIONAL INTEREST") shall be payable as
provided herein with respect to the Class D Notes equal to the product of (i) a
fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (ii) the Class D Note
Interest Rate in effect with respect to the related Interest Period, times (iii)
such Class D Interest Shortfall (or the portion thereof which has not been paid
to the Class D Noteholders (after giving effect to the application of the
proceeds of any draw made on the Cash Collateral Account as provided in Section
4.04(a)(viii) and Section 4.11(c) for the purpose of paying such amount with
respect to such Payment Date)). Notwithstanding anything to the contrary herein,
Class D Additional Interest shall be payable or distributed to the Class D
Noteholders only to the extent permitted by applicable law.

      (e) The amount of Class A Monthly Interest, Class B Monthly Interest,
Class C Monthly Interest and Class D Monthly Interest distributable pursuant to
Section 4.02(a), (b), (c) and (d) above on the first Payment Date will equal the
sum of the interest accrued at the applicable note interest rate from the
Closing Date through and including [-], [-] based on LIBOR determined on [-],
[-] and the interest accrued from [-], [-] through and including [-], [-] based
on LIBOR determined on [-], [-].

      (f) The Transferor may change the Class D Margin Percentage with the prior
written consent of each Rating Agency and without the prior consent of any
Noteholder, so long as all of

                                     - 19 -
<PAGE>

the Class D Notes are held by the Transferor or an Affiliate of the Transferor;
provided, however, that the Class D Margin Percentage shall not exceed [-]% at
any time.

      Section 4.03 Determination of Monthly Principal. The amount of monthly
principal distributable from the Collection Account with respect to the Notes on
each Payment Date (the "MONTHLY PRINCIPAL"), beginning with the Payment Date in
the month following the month in which the Controlled Accumulation Period or, if
earlier, the Early Amortization Period, begins, shall be equal to the least of
(i) the Available Principal Collections on deposit in the Collection Account
with respect to such Payment Date, (ii) for each Payment Date during the
Controlled Accumulation Period, the Controlled Deposit Amount for such Payment
Date and (iii) the Adjusted Invested Amount (after taking into account any
adjustments to be made on such Payment Date pursuant to Sections 4.05 and 4.06)
prior to any deposit into the Principal Funding Account on such Payment Date.

      Section 4.04 Application of Available Finance Charge Collections and
Available Principal Collections. The Servicer shall apply, or shall cause the
Indenture Trustee to apply, by written instruction to the Indenture Trustee, on
each Payment Date, Available Finance Charge Collections and Available Principal
Collections with respect to such Payment Date to make the following
distributions:

      (a) On each Payment Date, an amount equal to the Available Finance Charge
Collections with respect to such Payment Date will be distributed or deposited
in the following priority:

            (i) an amount equal to Class A Monthly Interest for such Payment
Date, plus the amount of any Class A Interest Shortfall previously due but not
distributed to the Class A Noteholders on a prior Payment Date, plus the amount
of any Class A Additional Interest for such Payment Date, plus the amount of any
Class A Additional Interest previously due but not distributed to Class A
Noteholders on a prior Payment Date, shall be distributed to the Paying Agent
for payment to Class A Noteholders on such Payment Date;

            (ii) an amount equal to Class B Monthly Interest for such Payment
Date, plus the amount of any Class B Interest Shortfall previously due but not
distributed to the Class B Noteholders on a prior Payment Date, plus the amount
of any Class B Additional Interest for such Payment Date, plus the amount of any
Class B Additional Interest previously due but not distributed to Class B
Noteholders on a prior Payment Date, shall be distributed to the Paying Agent
for payment to Class B Noteholders on such Payment Date;

            (iii) an amount equal to the Monthly Servicing Fee for such Payment
Date, plus the amount of any Monthly Servicing Fee previously payable pursuant
to this clause (iii) for a prior Payment Date but not paid to the Servicer,
shall be paid to the Servicer unless such amount has been netted against
deposits to the Collection Account in accordance with Section 8.04 of the
Indenture;

            (iv) an amount equal to Class C Monthly Interest for such Payment
Date, plus the amount of any Class C Interest Shortfall previously due but not
distributed to the Class C Noteholders on a prior Payment Date, plus the amount
of any Class C Additional Interest for

                                     - 20 -
<PAGE>

such Payment Date, plus the amount of any Class C Additional Interest previously
due but not distributed to the Class C Noteholders on a prior Payment Date shall
be distributed to the Paying Agent for payment to the Class C Noteholders on
such Payment Date; provided, however, that, in the event that the sum of Class C
Monthly Interest exceeds the amount of Available Finance Charge Collections
available (after giving effect to subsections 4.04(a)(i) through (iii) above) to
fund such Class C Monthly Interest and Class C Additional Interest, a draw will
be made from amounts available for distribution in the Cash Collateral Account
(at the times and in the amounts specified in Section 4.11) and shall be
distributed to the Paying Agent for payment to the Class C Noteholders on such
Payment Date in accordance with this subsection 4.04(a)(iv);

            (v) an amount equal to the Investor Default Amount, if any, for the
related Monthly Period shall be treated as a portion of Available Principal
Collections for such Payment Date;

            (vi) an amount equal to the sum of the aggregate amount of Investor
Charge-Offs and the amount of Reallocated Principal Collections which have not
been previously reimbursed pursuant to this subparagraph (vi) shall be treated
as a portion of Available Principal Collections for such Payment Date;

            (vii) on each Payment Date from and after the Reserve Account
Funding Date, but prior to the date on which the Reserve Account terminates as
described in subsection 4.10(f), an amount up to the excess, if any, of the
Required Reserve Account Amount over the Available Reserve Account Amount shall
be deposited into the Reserve Account;

            (viii) an amount equal to Class D Monthly Interest for such Payment
Date, plus the amount of any Class D Interest Shortfall previously due but not
distributed to the Class D Noteholders on a prior Payment Date, plus the amount
of any Class D Additional Interest for such Payment Date, plus the amount of any
Class D Additional Interest previously due but not distributed to the Class D
Noteholders on a prior Payment Date shall be distributed to the Paying Agent for
payment to the Class D Noteholders on such Payment Date; provided, however,
that, in the event that the sum of Class D Monthly Interest exceeds the amount
of Available Finance Charge Collections available (after giving effect to
subsections 4.04(a)(i) through (vii) above) to fund such Class D Monthly
Interest and Class D Additional Interest, a draw will be made from amounts
available for distribution in the Cash Collateral Account (at the times and in
the amounts specified in Section 4.11) and shall be distributed to the Paying
Agent for payment to the Class D Noteholders on such Payment Date in accordance
with this subsection 4.04(a)(viii);

            (ix) an amount equal to the amounts required to be deposited in the
Cash Collateral Account pursuant to Section 4.11(f) shall be deposited into the
Cash Collateral Account as provided in Section 4.11(f);

            (x) the balance, if any, will constitute a portion of Excess Finance
Charge Collections for such Payment Date and will be available for allocation to
other Series in Group One as described in Section 8.08 of the Indenture; and

            (xi) to the extent not applied as set forth in clause (x), any
remaining amounts will be paid to the holders of Trust Beneficial Interests or
Certificates.

                                     - 21 -
<PAGE>

      (b) On each Payment Date with respect to the Revolving Period, an amount
equal to the Available Principal Collections for the related Monthly Period
shall be treated as Shared Principal Collections and applied in accordance with
Section 8.05 of the Indenture.

      (c) On each Payment Date during the Controlled Accumulation Period or the
Early Amortization Period, an amount equal to the Available Principal
Collections for the related Monthly Period shall be distributed or deposited in
the following order of priority:

            (i) during the Controlled Accumulation Period, an amount equal to
the Monthly Principal for such Payment Date shall be deposited into the
Principal Funding Account;

            (ii) during the Early Amortization Period, an amount equal to the
Monthly Principal for such Payment Date shall be distributed to the Paying Agent
for payment to the Class A Noteholders on such Payment Date and on each
subsequent Payment Date until the Class A Note Principal Balance has been paid
in full;

            (iii) during the Early Amortization Period, after the Class A Note
Principal Balance has been paid in full, an amount equal to the Monthly
Principal remaining, if any, shall be distributed to the Paying Agent for
payment to the Class B Noteholders on such Payment Date and on each subsequent
Payment Date until the Class B Note Principal Balance has been paid in full;

            (iv) during the Early Amortization Period, after the Class A Note
Principal Balance and the Class B Note Principal Balance have been paid in full,
an amount equal to the Monthly Principal remaining, if any, shall be distributed
to the Paying Agent for payment to the Class C Noteholders on such Payment Date
and on each subsequent Payment Date until the Class C Note Principal Balance has
been paid in full;

            (v) during the Early Amortization Period, after the Class A Note
Principal Balance, the Class B Note Principal Balance and the Class C Note
Principal Balance have been paid in full, an amount equal to the Monthly
Principal remaining, if any, shall be distributed to the Paying Agent for
payment to the Class D Noteholders on such Payment Date and on each subsequent
Payment Date until the Class D Note Principal Balance has been paid in full; and

            (vi) in the case of each of the Controlled Accumulation Period and
the Early Amortization Period, the balance of such Available Principal
Collections remaining after application in accordance with clause (i) or (v)
above shall be treated as Shared Principal Collections and applied in accordance
with Section 8.05 of the Indenture.

      (d) On the earlier to occur of (i) the first Payment Date during the Early
Amortization Period and (ii) the Expected Final Principal Payment Date, the
Indenture Trustee, acting in accordance with written instructions from the
Servicer, shall withdraw from the Principal Funding Account and distribute to
the Paying Agent for payment to the Class A Noteholders, the Class B
Noteholders, the Class C Noteholders and the Class D Noteholders, in that order
of priority, the amounts deposited into the Principal Funding Account pursuant
to subsection 4.04(c)(i).

                                     - 22 -
<PAGE>

      (e) The Controlled Accumulation Period is scheduled to commence at the
close of business on [-], [-]; provided, however, that, if the Accumulation
Period Length (determined as described below) is less than 8 months, the date on
which the Controlled Accumulation Period actually commences will be delayed to
the first Business Day of the month that is the number of whole months prior to
the Expected Final Principal Payment Date at least equal to the Accumulation
Period Length and, as a result, the number of Monthly Periods in the Controlled
Accumulation Period will at least equal the Accumulation Period Length. On the
Determination Date immediately preceding the Reserve Account Funding Date, and
each Determination Date thereafter until the Controlled Accumulation Period
begins, the Servicer will determine the "ACCUMULATION PERIOD LENGTH" which will
equal the number of whole months such that the sum of the Accumulation Period
Factors for each month during such period will be equal to or greater than the
Required Accumulation Factor Number; provided, however, that the Accumulation
Period Length will not be determined to be less than one month; provided
further, however, that the determination of the Accumulation Period Length may
be changed at any time if the Rating Agency Condition is satisfied.

      Section 4.05 Investor Charge-Offs. On each Determination Date, the
Servicer shall calculate the Investor Default Amount, if any, for the related
Payment Date. If, on any Payment Date, the Investor Default Amount for such
Payment Date exceeds the amount of Available Finance Charge Collections
allocated with respect thereto pursuant to subsection 4.04(a)(v) with respect to
such Payment Date, the Invested Amount (after giving effect to any reductions
for any Reallocated Principal Collections on such Payment Date) will be reduced
by the amount of such excess, but not by more than the lesser of the Investor
Default Amount and the Invested Amount (after giving effect to any reductions
for any Reallocated Principal Collections on such Payment Date) for such Payment
Date (such reduction, an "INVESTOR CHARGE-OFF").

      Section 4.06 Reallocated Principal Collections. On each Payment Date, the
Servicer shall apply, or shall cause the Indenture Trustee to apply, Reallocated
Principal Collections with respect to such Payment Date, to fund any deficiency
pursuant to and in the priority set forth in subsections 4.04(a)(i), (ii), (iii)
and (iv). On each Payment Date, the Invested Amount shall be reduced by the
amount of Reallocated Principal Collections for such Payment Date.

      Section 4.07 Excess Finance Charge Collections. Series [-] shall be an
Excess Allocation Series with respect to Group One only. Subject to Section 8.08
of the Indenture, Excess Finance Charge Collections with respect to the Excess
Allocation Series in Group [-] for any Payment Date will be allocated to Series
[-] in an amount equal to the product of (x) the aggregate amount of Excess
Finance Charge Collections with respect to all the Excess Allocation Series in
Group [-] for such Payment Date and (y) a fraction, the numerator of which is
the Finance Charge Shortfall for Series [-] for such Payment Date and the
denominator of which is the aggregate amount of Finance Charge Shortfalls for
all the Excess Allocation Series in Group [-] for such Payment Date. The
"FINANCE CHARGE SHORTFALL" for Series [-] for any Payment Date will be equal to
the excess, if any, of (a) the full amount required to be paid, without
duplication, pursuant to subsections 4.04(a)(i) through (viii) on such Payment
Date over (b) the Available Finance Charge Collections with respect to such
Payment Date (excluding any portion thereof attributable to Excess Finance
Charge Collections).

                                     - 23 -
<PAGE>

      Section 4.08 Shared Principal Collections. Subject to Section 8.05 of the
Indenture, Shared Principal Collections with respect to the Series in Group [-]
for any Payment Date will be allocated to Series [-] in an amount equal to the
product of (x) the aggregate amount of Shared Principal Collections with respect
to all Principal Sharing Series in Group [-] for such Payment Date and (y) a
fraction, the numerator of which is the Series [-] Principal Shortfall for such
Payment Date and the denominator of which is the aggregate amount of Principal
Shortfalls for all the Series which are Principal Sharing Series in Group [-]
for such Payment Date. The "SERIES [-] PRINCIPAL SHORTFALL" will be equal to (a)
for any Payment Date with respect to the Revolving Period or the Early
Amortization Period, zero; (b) for any Payment Date with respect to the
Controlled Accumulation Period, the excess, if any, of the Controlled Deposit
Amount with respect to such Payment Date over the amount of Available Principal
Collections for such Payment Date (excluding any portion thereof attributable to
Shared Principal Collections).

      Section 4.09 Principal Funding Account.

      (a) The Indenture Trustee shall establish and maintain with an Eligible
Institution, which may be the Indenture Trustee in the name of the Trust, on
behalf of the Trust, for the benefit of the Series [-] Noteholders, a segregated
trust account with the corporate trust department of such Eligible Institution
(the "PRINCIPAL FUNDING ACCOUNT"), bearing a designation clearly indicating that
the funds deposited therein are held for the benefit of the Series [-]
Noteholders. The Indenture Trustee shall possess all right, title and interest
in all funds on deposit from time to time in the Principal Funding Account and
in all proceeds thereof. The Principal Funding Account shall be under the sole
dominion and control of the Indenture Trustee for the benefit of the Series [-]
Noteholders. If at any time the institution holding the Principal Funding
Account ceases to be an Eligible Institution, the Servicer shall notify the
Indenture Trustee in writing, and the Indenture Trustee upon being so notified
(or the Servicer on its behalf) shall, within ten (10) Business Days, establish
a new Principal Funding Account meeting the conditions specified above with an
Eligible Institution, and shall transfer any cash or any investments to such new
Principal Funding Account. The Indenture Trustee, at the written direction of
the Servicer, shall (i) make withdrawals from the Principal Funding Account from
time to time, in the amounts and for the purposes set forth in this Indenture
Supplement, and (ii) on each Payment Date (from and after the commencement of
the Controlled Accumulation Period) prior to the termination of the Principal
Funding Account, make deposits into the Principal Funding Account in the amounts
specified in, and otherwise in accordance with, subsection 4.04(c)(i).

      (b) Funds on deposit in the Principal Funding Account shall be invested at
the written direction of the Servicer by the Indenture Trustee in Eligible
Investments. Funds on deposit in the Principal Funding Account on any Payment
Date, after giving effect to any deposits to or withdrawals from the Principal
Funding Account on such Payment Date, shall be invested in such investments that
will mature so that such funds will be available for withdrawal on or prior to
the following Payment Date.

      The Indenture Trustee shall hold such of the Eligible Investments as
consists of instruments, deposit accounts, negotiable documents, money, goods,
letters of credit, and advices of credit in the State of New York. The Indenture
Trustee shall hold such of the Eligible Investments as constitutes investment
property through a securities intermediary, which

                                     - 24 -
<PAGE>

securities intermediary shall agree with the Indenture Trustee that (a) such
investment property shall at all times be credited to a securities account of
the Indenture Trustee, (b) such securities intermediary shall treat the
Indenture Trustee as entitled to exercise the rights that comprise each
financial asset credited to such securities account, (c) all property credited
to such securities account shall be treated as a financial asset, (d) such
securities intermediary shall comply with entitlement orders originated by the
Indenture Trustee without the further consent of any other person or entity, (e)
such securities intermediary will not agree with any person or entity other than
the Indenture Trustee to comply with entitlement orders originated by such other
person or entity, (f) such securities accounts and the property credited thereto
shall not be subject to any lien, security interest or right of set-off in favor
of such securities intermediary or anyone claiming through it (other than the
Indenture Trustee), and (g) such agreement shall be governed by the laws of the
State of New York. Terms used in the preceding sentence that are defined in the
New York UCC and not otherwise defined herein shall have the meaning set forth
in the New York UCC.

      On each Payment Date during the Controlled Accumulation Period and on the
first Payment Date to occur during the Early Amortization Period, the Indenture
Trustee, acting at the Servicer's written direction given on or before such
Payment Date, shall transfer from the Principal Funding Account to the
Collection Account the Principal Funding Investment Proceeds on deposit in the
Principal Funding Account for application as Available Finance Charge
Collections in accordance with Section 4.04.

      Principal Funding Investment Proceeds (including reinvested interest)
shall not be considered part of the amounts on deposit in the Principal Funding
Account for purposes of this Indenture Supplement.

      Section 4.10 Reserve Account.

      (a) The Indenture Trustee shall establish and maintain with an Eligible
Institution, which may be the Indenture Trustee in the name of the Trust, on
behalf of the Trust, for the benefit of the Series [-] Noteholders, a segregated
trust account with the corporate trust department of such Eligible Institution
(the "RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the Series [-] Noteholders. The
Indenture Trustee shall possess all right, title and interest in all funds on
deposit from time to time in the Reserve Account and in all proceeds thereof.
The Reserve Account shall be under the sole dominion and control of the
Indenture Trustee for the benefit of the Series [-] Noteholders. If at any time
the institution holding the Reserve Account ceases to be an Eligible
Institution, the Servicer shall notify the Indenture Trustee in writing, and the
Indenture Trustee upon being so notified (or the Servicer on its behalf) shall,
within ten (10) Business Days, establish a new Reserve Account meeting the
conditions specified above with an Eligible Institution, and shall transfer any
cash or any investments to such new Reserve Account. The Indenture Trustee, at
the written direction of the Servicer, shall (i) make withdrawals from the
Reserve Account from time to time in an amount up to the Available Reserve
Account Amount at such time, for the purposes set forth in this Indenture
Supplement, and (ii) on each Payment Date (from and after the Reserve Account
Funding Date) prior to termination of the Reserve Account, make a deposit into
the Reserve Account in the amount specified in, and otherwise in accordance
with, subsection 4.04(a)(vii).

                                     - 25 -
<PAGE>

      (b) Funds on deposit in the Reserve Account shall be invested at the
written direction of the Servicer by the Indenture Trustee in Eligible
Investments. Funds on deposit in the Reserve Account on any Payment Date, after
giving effect to any deposits to or withdrawals from the Reserve Account on such
Payment Date, shall be invested in such investments that will mature so that
such funds will be available for withdrawal on or prior to the following Payment
Date.

      The Indenture Trustee shall hold such of the Eligible Investments as
consist of instruments, deposit accounts, negotiable documents, money, goods,
letters of credit, and advices of credit in the State of New York. The Indenture
Trustee shall hold such of the Eligible Investments as constitute investment
property through a securities intermediary, which securities intermediary shall
agree with the Indenture Trustee that (a) such investment property shall at all
times be credited to a securities account of the Indenture Trustee, (b) such
securities intermediary shall treat the Indenture Trustee as entitled to
exercise the rights that comprise each financial asset credited to such
securities account, (c) all property credited to such securities account shall
be treated as a financial asset, (d) such securities intermediary shall comply
with entitlement orders originated by the Indenture Trustee without the further
consent of any other person or entity, (e) such securities intermediary will not
agree with any person or entity other than the Indenture Trustee to comply with
entitlement orders originated by such other person or entity, (f) such
securities accounts and the property credited thereto shall not be subject to
any lien, security interest, or right of set-off in favor of such securities
intermediary or anyone claiming through it (other than the Indenture Trustee),
and (g) such agreement shall be governed by the laws of the State of New York.
Terms used in the preceding sentence that are defined in the New York UCC and
not otherwise defined herein shall have the meaning set forth in the New York
UCC.

      On each Payment Date, all interest and earnings (net of losses and
investment expenses) accrued since the preceding Payment Date on funds on
deposit in the Reserve Account shall be retained in the Reserve Account (to the
extent that the Available Reserve Account Amount is less than the Required
Reserve Account Amount) and the balance, if any, shall be deposited into the
Collection Account and included in Available Finance Charge Collections for such
Payment Date. For purposes of determining the availability of funds or the
balance in the Reserve Account for any reason under this Indenture Supplement,
except as otherwise provided in the preceding sentence, investment earnings on
such funds shall be deemed not to be available or on deposit.

      (c) On or before each Payment Date during the Controlled Accumulation
Period and on or before the first Payment Date to occur during the Early
Amortization Period, the Servicer shall calculate the Reserve Draw Amount;
provided, however, that such amount will be reduced to the extent that funds
otherwise would be available for deposit in the Reserve Account under Section
4.04(a)(vii) with respect to such Payment Date.

      (d) In the event that for any Payment Date the Reserve Draw Amount is
greater than zero, the Reserve Draw Amount, up to the Available Reserve Account
Amount, shall be withdrawn from the Reserve Account on such Payment Date by the
Indenture Trustee (acting in accordance with the written instructions of the
Servicer) and deposited into the Collection Account for application as Available
Finance Charge Collections for such Payment Date.

                                     - 26 -
<PAGE>

      (e) In the event that the Reserve Account Surplus on any Payment Date,
after giving effect to all deposits to and withdrawals from the Reserve Account
with respect to such Payment Date, is greater than zero, the Indenture Trustee,
acting in accordance with the written instructions of the Servicer, shall
withdraw from the Reserve Account an amount equal to such Reserve Account
Surplus and (i) deposit such amounts in the Cash Collateral Account, to the
extent that funds on deposit in the Cash Collateral Account are less than the
Required Cash Collateral Account Amount, and (ii) distribute any such amounts
remaining after application pursuant to subsection 4.10(e)(i) to the holders of
Trust Beneficial Interests or Certificates.

      (f) Upon the earliest to occur of (i) the termination of the Trust
pursuant to Article VIII of the Trust Agreement, (ii) the first Payment Date to
occur during the Early Amortization Period and (iii) the Expected Final
Principal Payment Date, the Indenture Trustee, acting in accordance with the
written instructions of the Servicer, after the prior payment of all amounts
owing to the Series [-] Noteholders that are payable from the Reserve Account as
provided herein, shall withdraw from the Reserve Account all amounts, if any, on
deposit in the Reserve Account and (x) deposit such amounts in the Cash
Collateral Account, to the extent that funds on deposit in the Cash Collateral
Account are less than the Required Cash Collateral Account Amount, and (y)
distribute any such amounts remaining after application pursuant to subsection
4.10(f)(x) to the holders of the Trust Beneficial Interests or Certificates. The
Reserve Account shall thereafter be deemed to have terminated for purposes of
this Indenture Supplement.

      Section 4.11 Cash Collateral Account.

      (a) On or prior to the Closing Date, the Servicer shall establish and
maintain with an Eligible Institution, which may be the Indenture Trustee in the
name of the Trust, on behalf of the Trust, for the benefit of the Class C
Noteholders and the Class D Noteholders, a segregated account with the corporate
trust department of such Eligible Institution (the "CASH COLLATERAL ACCOUNT"),
bearing a designation clearly indicating that the funds deposited therein are
held for the benefit of the Class C Noteholders and the Class D Noteholders.
Except as otherwise provided in this Section 4.11, the Indenture Trustee shall
possess all right, title and interest in all funds on deposit from time to time
in the Cash Collateral Account and in all proceeds thereof. The Cash Collateral
Account shall be under the sole dominion and control of the Indenture Trustee
for the benefit of the Class C Noteholders and the Class D Noteholders. If at
any time the institution holding the Cash Collateral Account ceases to be an
Eligible Institution, the Servicer shall notify the Indenture Trustee in
writing, and the Indenture Trustee upon being so notified (or the Servicer on
its behalf) shall, within ten (10) Business Days (or such longer period as to
which the Rating Agencies may consent) establish a new Cash Collateral Account
meeting the conditions specified above with an Eligible Institution and shall
transfer any cash or any investments to such new Cash Collateral Account. The
Indenture Trustee, at the written direction of the Servicer, shall (i) make
withdrawals from the Cash Collateral Account from time to time in an amount up
to the Available Cash Collateral Account Amount at such time, for the purposes
set forth in this Indenture Supplement, and (ii) on each Payment Date prior to
termination of the Cash Collateral Account, make a deposit into the Cash
Collateral Account in the amount specified in, and otherwise in accordance with,
subsection 4.11(f).

      On the Closing Date, the Transferor shall deposit the Initial Cash
Collateral Account Amount in the Cash Collateral Account.

                                     - 27 -
<PAGE>

      (b) Funds on deposit in the Cash Collateral Account shall be invested at
the written direction of the Servicer by the Indenture Trustee in Eligible
Investments. Funds on deposit in the Cash Collateral Account on any Payment
Date, after giving effect to any withdrawals from and deposits to the Cash
Collateral Account on such Payment Date, shall be invested in such investments
that will mature so that such funds will be available for withdrawal on or prior
to the following Payment Date.

      The Indenture Trustee shall hold such of the Eligible Investments as
consists of instruments, deposit accounts, negotiable documents, money, goods,
letters of credit, and advices of credit in the State of New York. The Indenture
Trustee shall hold such of the Eligible Investments as constitutes investment
property through a securities intermediary, which securities intermediary shall
agree with the Indenture Trustee that (a) such investment property shall at all
times be credited to a securities account of the Indenture Trustee, (b) such
securities intermediary shall treat the Indenture Trustee as entitled to
exercise the rights that comprise each financial asset credited to such
securities account, (c) all property credited to such securities account shall
be treated as a financial asset, (d) such securities intermediary shall comply
with entitlement orders originated by the Indenture Trustee without the further
consent of any other person or entity, (e) such securities intermediary will not
agree with any person or entity other than the Indenture Trustee to comply with
entitlement orders originated by such other person or entity, (f) such
securities accounts and the property credited thereto shall not be subject to
any lien, security interest, or right of set-off in favor of such securities
intermediary or anyone claiming through it (other than the Indenture Trustee),
and (g) such agreement shall be governed by the laws of the State of New York.
Terms used in the preceding sentence that are defined in the New York UCC and
not otherwise defined herein shall have the meaning set forth in the New York
UCC. Except as permitted by this subsection 4.11(b), the Indenture Trustee shall
not hold Eligible Investments through an agent or a nominee.

      On each Payment Date (but subject to subsections 4.11(c) and 4.11(d)), the
Investment Earnings, if any, accrued since the preceding Payment Date on funds
on deposit in the Cash Collateral Account shall be retained in the Cash
Collateral Account and applied as other funds therein are applied. For purposes
of determining the availability of funds or the balance in the Cash Collateral
Account for any reason under this Indenture Supplement (subject to subsections
4.11(c) and 4.11(d)), all Investment Earnings shall be deemed not to be
available or on deposit.

      (c) If, on any Payment Date, the aggregate amount available for
distribution pursuant to subsections 4.04(a)(iv) and 4.04(a)(viii), including,
but not limited to, any amount available pursuant to Section 4.07, is less than
the aggregate amount required to be distributed pursuant to subsections
4.04(a)(iv) and 4.04(a)(viii) (without giving effect to any limitation based on
Available Finance Charge Collections), the Indenture Trustee, at the written
direction of the Servicer, shall withdraw from the Cash Collateral Account the
amount of such deficiency up to the Available Cash Collateral Account Amount
and, if the Available Cash Collateral Account Amount is less than such
deficiency, Investment Earnings credited to the Cash Collateral Account, and
deposit such amount in the Collection Account for payment first to the Class C
Noteholders in respect of interest on the Class C Notes to the extent of any
deficiency in amounts otherwise available under subsection 4.04(a)(iv) and then
to the Class D Noteholders in respect of interest on the Class D Notes in
accordance with Section 4.04.

                                     - 28 -
<PAGE>

      (d) On the Series [-] Final Maturity Date, the Indenture Trustee at the
written direction of the Servicer shall withdraw from the Cash Collateral
Account an amount equal to the lesser of (i) the sum of the Class C Note
Principal Balance and the Class D Note Principal Balance (after any payments to
be made pursuant to subsection 4.04(c) on such date) and (ii) the Available Cash
Collateral Account Amount and, if the Available Cash Collateral Account Amount
is not sufficient to reduce first, the Class C Note Principal Balance and then,
the Class D Note Principal Balance to zero, Investment Earnings credited to the
Cash Collateral Account up to the amount required to reduce each of the Class C
Note Principal Balance and the Class D Note Principal Balance to zero, and the
Indenture Trustee or the Servicer shall deposit such amounts into the Collection
Account for distribution first, to the Class C Noteholders and then, to the
Class D Noteholders in accordance with subsections 5.02(f) and 5.02(h).

      (e) On any day following the occurrence of an Event of Default with
respect to Series [-] and acceleration of the maturity of the Series [-] Notes
pursuant to Section 5.03 of the Indenture, the Servicer shall withdraw from the
Cash Collateral Account an amount equal to the Available Cash Collateral Account
Amount and the Indenture Trustee or the Servicer shall deposit such amounts into
the Collection Account for distribution to the Class C Noteholders and the Class
D Noteholders, in that order of priority, in accordance with Section 5.02, to
fund any shortfalls in amounts owed to such Noteholders.

      (f) If on any Payment Date, after giving effect to all withdrawals from
the Cash Collateral Account, the Available Cash Collateral Account Amount is
less than the Required Cash Collateral Account Amount then in effect, Available
Finance Charge Collections, minus the amount described in clause (d) of the
definition of Available Finance Charge Collections, shall be deposited into the
Cash Collateral Account under the circumstances set forth in subsection
4.04(a)(ix) up to the amount of the Cash Collateral Account Deficiency.

      (g) If on any Payment Date, after giving effect to all withdrawals from
and deposits to the Cash Collateral Account, the amount on deposit in the Cash
Collateral Account would exceed the Required Cash Collateral Account Amount then
in effect, the Indenture Trustee shall, at the written direction of the
Servicer, release such excess to the Transferor. On the date on which each of
the Class C Note Principal Balance and the Class D Note Principal Balance has
been paid in full (including amounts to be paid to the Class C Noteholders and
the Class D Noteholders pursuant to subsection 4.11(d) above), the Indenture
Trustee, at the written direction of the Servicer, shall withdraw from the Cash
Collateral Account all amounts then remaining in the Cash Collateral Account and
pay such amounts to the Transferor.

      Section 4.12 Pre-Funding Account.

      (a) The Servicer hereby directs the Indenture Trustee, for the benefit of
the Series [-] Noteholders, to establish and maintain or cause to be established
and maintained with an Eligible Institution, which may be the Indenture Trustee,
in the name of the Trust, on behalf of the Series [-] Noteholders, a segregated
account with the corporate trust department of such Eligible Institution (the
"Pre-Funding Account"), bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the Series [-] Noteholders. The
Pre-Funding Account shall be under the sole dominion and control of the
Indenture Trustee for the benefit of the Series [-] Noteholders. If at any time
the institution holding the Pre-Funding Account ceases to be an

                                     - 29 -
<PAGE>

Eligible Institution, the Servicer shall notify the Indenture Trustee and the
Indenture Trustee upon being notified (or the Servicer on its behalf) shall
within ten (10) Business Days (or such longer period as to which the Rating
Agencies may consent) establish a new Pre-Funding Account meeting the conditions
specified above, transfer any cash and/or any investments from the old
Pre-Funding Account to such new Pre-Funding Account and from the date such new
Pre-Funding Account is established, it shall be the "Pre-Funding Account." The
Indenture Trustee, at the direction of the Servicer, shall make withdrawals and
payments from the Pre-Funding Account from time to time for the purposes set
forth in this Indenture Supplement.

      (b) The Indenture Trustee shall on the Closing Date deposit into the
Pre-Funding Account the Initial Pre-Funded Amount from the proceeds of the sale
of the Series [-] Notes. On each Payment Date, the Indenture Trustee, acting in
accordance with written instructions from the Servicer, shall withdraw from the
Pre-Funding Account and deposit into the Collection Account all interest and
earnings (net of losses and investment expenses) on the Pre-Funded Amount with
respect to the prior Monthly Period. Such investment income shall be deemed to
be Collections of Finance Charge and Administrative Receivables allocated to
Series [-]. Interest (including reinvested interest) and other investment income
on funds on deposit in the Pre-Funding Account shall not be considered part of
the Pre-Funded Amount for purposes of this Indenture Supplement.

      (c) Funds on deposit in the Pre-Funding Account shall be invested at the
direction of the Servicer by the Indenture Trustee in Eligible Investments[;
provided, however, that, for purposes of the investment of funds on deposit in
the Pre-Funding Account, references in the definition of "Eligible Investments"
to a rating in the "highest rating category" shall be modified to require a
rating, from any one of the following Rating Agencies, of at least A-2 by
Standard & Poor's, P-2 by Moody's or (if such investment is rated by Fitch) F2
by Fitch]. Funds on deposit in the Pre-Funding Account on the Closing Date and
thereafter shall be invested in Eligible Investments that will mature so that
such funds will be available for withdrawal on the Business Day next succeeding
the next increase in the Invested Amount pursuant to Section 4.1.3 or, if
earlier, on the next succeeding Payment Date.

      The Indenture Trustee shall hold such of the Eligible Investments as
consists of instruments, deposit accounts, negotiable documents, money, goods,
letters of credit, and advices of credit in the State of [-]. The Indenture
Trustee shall hold such of the Eligible Investments as constitutes investment
property through a securities intermediary, which securities intermediary shall
agree with the Indenture Trustee that (a) such investment property shall at all
times be credited to a securities account of the Indenture Trustee, (b) such
securities intermediary shall treat the Indenture Trustee as entitled to
exercise the rights that comprise each financial asset credited to such
securities account, (c) all property credited to such securities account shall
be treated as a financial asset, (d) such securities intermediary shall comply
with entitlement orders originated by the Indenture Trustee without the further
consent of any other person or entity, (e) such securities intermediary will not
agree with any person or entity other than the Indenture Trustee to comply with
entitlement orders originated by such other person or entity, (f) such
securities accounts and the property credited thereto shall not be subject to
any lien, security interest, or right of set-off in favor of such securities
intermediary or anyone claiming through it (other than the Indenture Trustee),
and (g) such agreement shall be governed by the laws of the State of [New York.
Terms used in the preceding sentence that are defined in the New York

                                     - 30 -
<PAGE>

UCC and not otherwise defined herein shall have the meaning set forth in the New
York UCC]. Except as permitted by this subsection 4.11(b), the Indenture Trustee
shall not hold Eligible Investments through an agent or a nominee.

      (d) In the event that the Pre-Funded Amount exceeds zero at the end of the
Funding Period, on the first Payment Date on or after the last day of the
Funding Period, the Servicer shall apply or shall cause the Trustee to apply the
Pre-Funded Amount to the payment by the Paying Agent of principal on the Class A
Notes, the Class B Notes, the Class C Notes and the Class D Notes on a pro rata
basis based on the Class A Note Principal Balance, the Class B Note Principal
Balance, the Class C Note Principal Balance and the Class D Note Principal
Balance as of such date.

      Section 4.13 Determination of LIBOR.

      (a) On each LIBOR Determination Date, the Indenture Trustee shall
determine LIBOR on the basis of the rate for deposits in United States dollars
having a maturity of one month commencing on such LIBOR Determination Date which
appears on Telerate Page 3750 as of 11:00 a.m., London time, on such date. If
such rate does not appear on Telerate Page 3750, LIBOR for that LIBOR
Determination Date shall be determined on the basis of the rates at which
deposits in United States dollars are offered by the Reference Banks at
approximately 11:00 a.m., London time, on that day to prime banks in the London
interbank market for a one-month period and in an amount of not less than U.S.
$[-]. The Indenture Trustee shall request the principal London office of each of
the Reference Banks to provide a quotation of its rate. If at least two (2) such
quotations are provided, LIBOR for that LIBOR Determination Date shall be the
arithmetic mean of the quotations. If fewer than two (2) quotations are provided
as requested, LIBOR for that LIBOR Determination Date will be the arithmetic
mean of the rates quoted by major banks in New York City, selected by the
Servicer, at approximately 11:00 a.m., New York City time, on that day for loans
in United States dollars to leading European banks for a one-month period and in
an amount of not less than U.S. $[-]; provided, that, if the banks selected by
the Servicer are not quoting such rates, LIBOR for that LIBOR Determination Date
will be the same as LIBOR for the immediately preceding LIBOR Determination
Date.

      (b) The Class A Note Interest Rate, the Class B Note Interest Rate, the
Class C Note Interest Rate and the Class D Note Interest Rate applicable to the
then current and the immediately preceding Interest Periods may be obtained by
telephoning the Indenture Trustee at its corporate trust office at [-]
[-] or such other telephone number as shall be designated by the Indenture
Trustee for such purpose by prior written notice by the Indenture Trustee to
each Series [-] Noteholder from time to time.

      (c) On each LIBOR Determination Date, the Indenture Trustee shall send to
the Transferor by facsimile transmission, notification of LIBOR for the
following Interest Period.

      Section 4.14 Investment Instructions. Any investment instructions required
to be given to the Indenture Trustee pursuant to the terms hereof must be given
to the Indenture Trustee no later than 11:00 a.m., New York City time, on the
date such investment is to be made. In the event the Indenture Trustee receives
such investment instruction later than such time, the Indenture Trustee may, but
shall have no obligation to, make such investment. In the event the

                                     - 31 -
<PAGE>
Indenture Trustee is unable to make an investment required in an investment
instruction received by the Indenture Trustee after 11:00 a.m., New York City
time, on such day, such investment shall be made by the Indenture Trustee on the
next succeeding Business Day. In no event shall the Indenture Trustee be liable
for any investment not made pursuant to investment instructions received after
11:00 a.m., New York City time, on the day such investment is requested to be
made.

                                    ARTICLE V
                          Delivery of Series [-] Notes;
                Distributions; Reports to Series [-] Noteholders

      Section 5.01 Delivery and Payment for the Series [-] Notes; Form and
Denomination. The Issuer shall execute and issue, and the Indenture Trustee
shall authenticate, the Series [-] Notes in accordance with Section 2.03 of the
Indenture. The Indenture Trustee shall deliver the Series [-] Notes to or upon
the order of the Trust when so authenticated. The Class A Notes, the Class B
Notes and the Class C Notes shall be Book-Entry Notes. The Class D Notes shall
be delivered as Definitive Notes, and not as Book-Entry Notes. The Class D Notes
shall not be registered in the name of the nominee of the Clearing Agency or
Foreign Clearing Agency. The Class D Notes shall be available in denominations
of $[-] and integral multiples thereof.

      Section 5.02 Distributions.

      (a) On each Payment Date, the Paying Agent shall distribute to each Class
A Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class A Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest on the Class A Notes pursuant to this Indenture
Supplement.

      (b) On each Payment Date, the Paying Agent shall distribute to each Class
A Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class A Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay principal of the Class A Notes pursuant to this Indenture
Supplement.

      (c) On each Payment Date, the Paying Agent shall distribute to each Class
B Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class B Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest on the Class B Notes pursuant to this Indenture
Supplement.

      (d) On each Payment Date, the Paying Agent shall distribute to each Class
B Noteholder of record on the related Record Date (other that as provided in
Section 11.02 of the Indenture) such Class B Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay principal of the Class B Notes pursuant to this Indenture
Supplement.

      (e) On each Payment Date, the Paying Agent shall distribute to each Class
C Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the

                                     - 32 -
<PAGE>

Indenture) such Class C Noteholder's pro rata share of the amounts held by the
Paying Agent (including amounts held by the Paying Agent with respect to amounts
withdrawn from the Cash Collateral Account (at the times and in the amounts
specified in Section 4.11(c) and Section 4.11(e))) that are allocated and
available on such Payment Date to pay interest on the Class C Notes pursuant to
this Indenture Supplement.

      (f) On each Payment Date, the Paying Agent shall distribute to each Class
C Noteholder of record on the related Record Date (other that as provided in
Section 11.02 of the Indenture) such Class C Noteholder's pro rata share of the
amounts held by the Paying Agent (including amounts held by the Paying Agent
with respect to amounts withdrawn from the Cash Collateral Account (at the times
and in the amounts specified in Section 4.11(d) and Section 4.11(e))) that are
allocated and available on such Payment Date to pay principal of the Class C
Notes pursuant to this Indenture Supplement.

      (g) On each Payment Date, the Paying Agent shall distribute to each Class
D Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class D Noteholder's pro rata share of the
amounts held by the Paying Agent (including amounts held by the Paying Agent
with respect to amounts withdrawn from the Cash Collateral Account (at the times
and in the amounts specified in Section 4.11(c) and Section 4.11(e))) that are
allocated and available on such Payment Date to pay interest on the Class D
Notes pursuant to this Indenture Supplement.

      (h) On each Payment Date, the Paying Agent shall distribute to each Class
D Noteholder of record on the related Record Date (other that as provided in
Section 11.02 of the Indenture) such Class D Noteholder's pro rata share of the
amounts held by the Paying Agent (including amounts held by the Paying Agent
with respect to amounts withdrawn from the Cash Collateral Account (at the times
and in the amounts specified in Section 4.11(d) and Section 4.11(e))) that are
allocated and available on such Payment Date to pay principal of the Class D
Notes pursuant to this Indenture Supplement.

      (i) The distributions to be made pursuant to this Section 5.02 are subject
to the provisions of Sections 2.06, 6.01 and 7.01 of the Transfer and Servicing
Agreement, Section 11.02 of the Indenture and Section 7.01 of this Indenture
Supplement.

      (j) Except as provided in Section 11.02 of the Indenture with respect to a
final distribution, distributions to Series [-] Noteholders hereunder shall be
made by (i) check mailed to each Series [-] Noteholder (at such Noteholder's
address as it appears in the Note Register), except that with respect to any
Series [-] Notes registered in the name of the nominee of a Clearing Agency,
such distribution shall be made in immediately available funds and (ii) without
presentation or surrender of any Series [-] Note or the making of any notation
thereon.

      Section 5.03 Reports and Statements to Series [-] Noteholders.

      (a) On each Payment Date, the Paying Agent, on behalf of the Indenture
Trustee, shall forward to each Series [-] Noteholder a statement substantially
in the form of EXHIBIT C prepared by the Servicer.

                                     - 33 -
<PAGE>

      (b) Not later than the second Business Day preceding each Payment Date,
the Servicer shall deliver to the Owner Trustee, the Indenture Trustee, the
Paying Agent and each Rating Agency (i) a statement substantially in the form of
EXHIBIT C prepared by the Servicer and (ii) a certificate of an Authorized
Officer substantially in the form of EXHIBIT D; provided that the Servicer may
amend the form of EXHIBIT C and EXHIBIT D, from time to time, with the consent
of the Indenture Trustee, which consent shall not be unreasonably withheld.

      (c) A copy of each statement or certificate provided pursuant to paragraph
(a) or (b) may be obtained by any Series [-] Noteholder by a request in writing
to the Servicer.

      (d) On or before [-] of each calendar year, beginning with calendar year
2005, the Paying Agent, on behalf of the Indenture Trustee, shall furnish or
cause to be furnished to each Person who at any time during the preceding
calendar year was a Series [-] Noteholder, a statement prepared by the Servicer
containing the information which is required to be contained in the statement to
Series [-] Noteholders, as set forth in paragraph (a) above, aggregated for such
calendar year or the applicable portion thereof during which such Person was a
Series [-] Noteholder, together with other information as is required to be
provided by an issuer of indebtedness under the Code. Such obligation of the
Paying Agent shall be deemed to have been satisfied to the extent that
substantially comparable information shall be provided by the Paying Agent
pursuant to any requirements of the Code as from time to time in effect.

                                   ARTICLE VI
                           Series [-] Pay Out Events

      Section 6.01 Series [-] Pay Out Events. If any one of the following events
shall occur with respect to the Series [-] Notes:

      (a) failure on the part of the Transferor (i) to make any payment or
deposit required to be made by the Transferor by the terms of the Transfer and
Servicing Agreement, the Indenture or this Indenture Supplement on or before the
date occurring five (5) Business Days after the date such payment or deposit is
required to be made therein or herein or (ii) duly to observe or perform any
other covenants or agreements of the Transferor set forth in the Transfer and
Servicing Agreement, the Indenture or this Indenture Supplement, which failure
has a material adverse effect on the Series [-] Noteholders and which continues
unremedied for a period of sixty (60) days after the date on which written
notice of such failure, requiring the same to be remedied, shall have been given
to the Transferor by the Indenture Trustee, or to the Transferor and the
Indenture Trustee by any Holder of the Series [-] Notes and continues to
materially and adversely affect the interests of the noteholders during such
60-day period;

      (b) any representation or warranty made by the Transferor in the Transfer
and Servicing Agreement, the Indenture or this Indenture Supplement, or any
information contained in a computer file or microfiche list required to be
delivered by the Transferor pursuant to Section 2.01 or subsection 2.09(h) of
the Transfer and Servicing Agreement shall prove to have been incorrect in any
material respect when made or when delivered, which continues to be incorrect in
any material respect for a period of sixty (60) days after the date on which
written notice of such failure, requiring the same to be remedied, shall have
been given to the Transferor by the Indenture Trustee, or to the Transferor and
the Indenture Trustee by any Holder of the

                                     - 34 -
<PAGE>

Series [-] Notes and as a result of which the interests of the Series [-]
Noteholders are materially and adversely affected for such period; provided,
however, that a Series [-] Pay Out Event pursuant to this subsection 6.01(b)
shall not be deemed to have occurred hereunder if the Transferor has accepted
reassignment of the related Receivable, or all of such Receivables, if
applicable, during such period in accordance with the provisions of the Transfer
and Servicing Agreement;

      (c) the average of the Net Portfolio Yields for any three consecutive
Monthly Periods is reduced to a rate which is less than the average of the Base
Rates for such period;

      (d) the Class A Note Principal Balance, the Class B Note Principal
Balance, the Class C Note Principal Balance or the Class D Note Principal
Balance shall not be paid in full on the Expected Final Principal Payment Date;
or

      (e) without limiting the foregoing, the occurrence of an Event of Default
with respect to Series [-].

then, in the case of any event described in subparagraph (a) or (b) or any Trust
Pay Out Event described in Section 5.01(a) of the Indenture, after the
applicable grace period, if any, set forth in such subparagraphs or in Section
5.01 of the Indenture, either the Indenture Trustee or the Holders of Series [-]
Notes evidencing not less than 50% of the aggregate unpaid principal amount of
Series [-] Notes by notice then given in writing to the Transferor and the
Servicer (and to the Indenture Trustee if given by the Series [-] Noteholders)
may declare that a "Series Pay Out Event" with respect to Series [-] (a "SERIES
[-] PAY OUT EVENT") has occurred as of the date of such notice, and, in the case
of any event described in subparagraph (c), (d) or (e) or any Trust Pay Out
Event described in Sections 5.01(b), (c) or (d) of the Indenture, a Series [-]
Pay Out Event shall occur without any notice or other action on the part of the
Indenture Trustee or the Series [-] Noteholders immediately upon the occurrence
of such event.

                                   ARTICLE VII
                         Redemption of Series [-] Notes;
                     Final Distributions; Series Termination

      Section 7.01 Optional Redemption of Series [-] Notes; Final Distributions.
On any day occurring on or after the date on which the Note Principal Balance is
reduced to 10% or less of the Note Principal Balance as of the Closing Date, the
Servicer shall have the option to redeem the Series [-] Notes, at a purchase
price equal to (i) if such day is a Payment Date, the Reassignment Amount for
such Payment Date or (ii) if such day is not a Payment Date, the Reassignment
Amount for the Payment Date following such day.

      (a) The Servicer shall give the Issuer and the Indenture Trustee at least
thirty (30) days prior written notice of the date on which the Servicer intends
to exercise such optional redemption. Not later than 12:00 noon, New York City
time, on such day the Servicer shall deposit into the Collection Account in
immediately available funds the excess of the Reassignment Amount over the
amount, if any, on deposit in the Principal Funding Account. Such redemption
option is subject to payment in full of the Reassignment Amount. Following such
deposit into the Collection Account in accordance with the foregoing, the
Invested Amount

                                     - 35 -
<PAGE>

for Series [-] shall be reduced to zero and the Series [-] Noteholders shall
have no further security interest in the Receivables. The Reassignment Amount
shall be distributed as set forth in subsection 7.01(d).

      (b) (i) The amount to be paid by the Transferor with respect to Series [-]
in connection with a reassignment of Receivables to the Transferor pursuant to
Section 2.06 of the Transfer and Servicing Agreement shall equal the
Reassignment Amount for the first Payment Date following the Monthly Period in
which the reassignment obligation arises under the Transfer and Servicing
Agreement.

          (ii) The amount to be paid by the Transferor with respect to Series
[-] in connection with a repurchase of the Notes pursuant to Section 7.01 of the
Transfer and Servicing Agreement shall equal the Reassignment Amount for the
Payment Date of such repurchase.

      (c) With respect to the Reassignment Amount deposited into the Collection
Account pursuant to this Section 7.01, the Indenture Trustee shall, in
accordance with the written direction of the Servicer, not later than 12:00
noon, New York City time, on the related Payment Date, make deposits or
distributions of the following amounts (in the priority set forth below and, in
each case, after giving effect to any deposits and distributions otherwise to be
made on such date) in immediately available funds: (i) (x) the Class A Note
Principal Balance on such Payment Date will be distributed to the Paying Agent
for payment to the Class A Noteholders and (y) an amount equal to the sum of (A)
Class A Monthly Interest for such Payment Date, (B) any Class A Monthly Interest
previously due but not distributed to the Class A Noteholders on a prior Payment
Date and (C) the amount of Class A Additional Interest, if any, for such Payment
Date and any Class A Additional Interest previously due but not distributed to
the Class A Noteholders on any prior Payment Date, will be distributed to the
Paying Agent for payment to the Class A Noteholders, (i) (x) the Class B Note
Principal Balance on such Payment Date will be distributed to the Paying Agent
for payment to the Class B Noteholders and (y) an amount equal to the sum of (A)
Class B Monthly Interest for such Payment Date, (B) any Class B Monthly Interest
previously due but not distributed to the Class B Noteholders on a prior Payment
Date and (C) the amount of Class B Additional Interest, if any, for such Payment
Date and any Class B Additional Interest previously due but not distributed to
the Class B Noteholders on any prior Payment Date, will be distributed to the
Paying Agent for payment to the Class B Noteholders, (ii) (x) the Class C Note
Principal Balance on such Payment Date will be distributed to the Paying Agent
for payment to the Class C Noteholders and (y) an amount equal to the sum of (A)
Class C Monthly Interest for such Payment Date, (B) any Class C Monthly Interest
previously due but not distributed to the Class C Noteholders on a prior Payment
Date and (C) the amount of Class C Additional Interest, if any, for such Payment
Date and any Class C Additional Interest previously due but not distributed to
the Class C Noteholders on any prior Payment Date, will be distributed to the
Paying Agent for payment to the Class C Noteholders, (iii) (x) the Class D Note
Principal Balance on such Payment Date will be distributed to the Paying Agent
for payment to the Class D Noteholders and (y) an amount equal to the sum of (A)
Class D Monthly Interest for such Payment Date, (B) any Class D Monthly Interest
previously due but not distributed to the Class D Noteholders on a prior Payment
Date and (C) the amount of Class D Additional Interest, if any, for such Payment
Date and any Class D Additional Interest previously due but not distributed to
the Class D Noteholders on any prior Payment Date, will be

                                     - 36 -
<PAGE>

distributed to the Paying Agent for payment to the Class D Noteholders and (iv)
any excess shall be released to the Issuer.

      (d) Notwithstanding anything to the contrary in this Indenture Supplement,
the Indenture or the Transfer and Servicing Agreement, if the Paying Agent is
not also the Indenture Trustee, all amounts distributed to the Paying Agent
pursuant to subsection 7.01(d) for payment to the Series [-] Noteholders shall
be deemed distributed in full to the Series [-] Noteholders on the date on which
such funds are distributed to the Paying Agent pursuant to this Section 7.01 and
shall be deemed to be a final distribution pursuant to Section 11.02 of the
Indenture.

      Section 7.02 Series Termination. On the Series [-] Final Maturity Date,
the right of the Series [-] Noteholders to receive payments from the Issuer will
be limited solely to the right to receive payments pursuant to Section 5.05 of
the Indenture.

                                  ARTICLE VIII
                            Miscellaneous Provisions

      Section 8.01 Ratification of Indenture. As supplemented by this Indenture
Supplement, the Indenture is in all respects ratified and confirmed and the
Indenture as so supplemented by this Indenture Supplement shall be read, taken
and construed as one and the same instrument.

      Section 8.02 Form of Delivery of the Series [-] Notes. The Class A Notes,
the Class B Notes and the Class C Notes shall be Book-Entry Notes and shall be
delivered as Registered Notes as provided in Section 2.01 of the Indenture in
substantially the form of Exhibit A hereto.

      Section 8.03 Additional Requirements for Registration of and Limitations
on Transfer and Exchange of Class D Notes.

      (a) No Holder of a Class D Note may sell, convey, assign, hypothecate,
pledge, participate or otherwise transfer any interest in the Class D Notes
(each, a "CLASS D NOTE ASSIGNMENT"), to any Person (upon such Class D Note
Assignment, a "CLASS D NOTE ASSIGNEE"), unless (i) the Class D Note Assignment
consists of the entirety of such assignor Holder's Class D Note and no Class D
Note Assignments of a partial interest in such Class D Notes will be made, and
(ii) the Transferor shall have granted its prior written consent (which consent
shall not be granted if, among other things, the Transferor determines in its
sole and absolute discretion that such Class D Note Assignment would create or
increase a risk that the Trust would be classified for Federal or any applicable
state tax purposes as an association or publicly traded partnership taxable as a
corporation); provided, however, that any Class D Note Assignment shall be void
unless (i) such proposed Class D Note Assignee, other than ABC or an Affiliate
of ABC, shall comply with this Section 8.03 and shall have delivered to the
Indenture Trustee, the Servicer and the Transferor an investment representation
letter substantially in the form of Exhibit E attached hereto (an "INVESTMENT
LETTER"), or such other form as the Transferor in its sole and absolute
discretion deems acceptable, prior to the effectiveness of such Class D Note
Assignment; (ii) the number of Private Holders would not exceed, as of the date
of the proposed Class D Note Assignment, eighty (80), and (iii) the number of
Private Holders owning interests in the Class D Notes would not exceed, as of
the date of the proposed Class D Note Assignment, four (4) or such greater
number as may be consented to by the Transferor in its

                                     - 37 -
<PAGE>

sole and absolute discretion. In connection with any Class D Note Assignment,
the assignor Class D Note Holder shall request in writing to the Indenture
Trustee (who shall promptly deliver it to the Transferor) for the consent of the
Transferor, and the Transferor shall respond to any such request within ten
Business Days after its receipt; it being understood that the obtaining of such
consent is a condition to the effectiveness of the Class D Note Assignment. Each
Class D Note Assignee is subject to the terms and conditions of this Section
8.03 and its Investment Letter on an ongoing basis and shall make the
certifications, representations and warranties contained in its Investment
Letter. Any transfer, resale, pledge or other transfer of a Class D Note (or any
interest therein) contrary to the restriction set forth above in this Section
8.03 or made in reliance upon any false representation or warranty made by a
transferee in its Investment Letter shall be deemed void ab initio by the
Indenture Trustee.

      (b) Registration of transfer of the Class D Notes shall be effected only
if such transfer is exempt from the registration requirements under the
Securities Act. The transferor or the transferee, other than ABC or an Affiliate
of ABC, shall deliver, at its expense, to the Transferor, the Servicer and the
Indenture Trustee, an investment letter from the transferee, substantially in
the form of the investment representation letter attached hereto as Exhibit E.
None of the Issuer, the Transferor, the Servicer, the Seller, the Indenture
Trustee or the Transfer Agent and Registrar is obligated to register or qualify
the Class D Notes under the Securities Act or any other securities law or to
take any action not otherwise required under this Indenture Supplement or the
Indenture to permit the transfer of the Class D Notes without registration or
qualification. Any Class D Noteholder desiring to effect a transfer of
unregistered Class D Notes shall, and does hereby agree to, indemnify the
Issuer, the Transferor (unless the transferor of the Class D Notes is the
Transferor), the Servicer, the Seller, the Indenture Trustee and the Transfer
Agent and Registrar against any liability that may result if the transfer is not
exempt from such registration or qualification or is not made in accordance with
such federal and state laws and no registration of transfer shall be made until
such letter is so delivered.

      (c) The Class D Notes may not be acquired or held by or on behalf of or
with "plan assets" of (a) an employee benefit plan (as defined in Section 3(3)
of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"),
whether or not subject to Title I of ERISA, (b) a plan described in Section
4975(e)(1) of the Code, (c) an entity whose underlying assets include "plan
assets" by reason of a plan's investment in the purchaser or (d) a "benefit plan
investor" (as defined in U.S. Department of Labor ("DOL") Regulation Section
2510.3-101) ("BENEFIT PLAN INVESTOR"), unless (i) the investor is acquiring or
holding the Class D Notes with assets of an "insurance company general account"
(within the meaning of DOL Prohibited Transaction Class Exemption ("PTCE") 95-60
(a "GENERAL ACCOUNT")), (ii) the purchase and holding of the Class D Notes are
eligible for the exemptive relief afforded under Section I of PTCE 95-60, (iii)
less than 25% of the assets of such General Account constitute "plan assets" of
Benefit Plan Investors, and (iv) after giving effect to the purchase of the
Class D Notes and all other purchases occurring simultaneously therewith, less
than 25% of the Class D Notes (excluding Class D Notes held by the Servicer or
any Affiliate of the Servicer) will constitute "plan assets" of Benefit Plan
Investors.

      (d) Each Class D Noteholder, other than ABC or an Affiliate of ABC, agrees
with the Transferor and the Indenture Trustee that: (i) such Class D Noteholder
will deliver to the Transferor, the Servicer and the Indenture Trustee on or
before the acquisition of the Class D

                                     - 38 -
<PAGE>

Notes and on or before the effective date of any Class D Note Assignment, as
applicable, a letter in the form annexed hereto as Exhibit E, executed by the
Class D Noteholder, or such Class D Note Assignee, in the case of a Class D Note
Assignment, with respect to the purchase by such Class D Noteholder or Class D
Note Assignee, as the case may be, of a Class D Note and (ii) all of the
statements made by such Class D Noteholder in its Investment Letter shall be
true and correct as of the date made.

      (e) Class D Notes issued upon registration or transfer of, or Class D
Notes issued in exchange for Class D Notes shall bear the restrictive legends
regarding securities laws, tax and ERISA matters contained in the form of the
Class D Note attached as Exhibit A-4 hereto, unless the Transferor, the
Servicer, the Indenture Trustee and the Transfer Agent and Registrar receive an
Opinion of Counsel, satisfactory to each of them, to the effect that such legend
may be removed or modified.

      (f) If so requested by the Transferor, the Indenture Trustee will make
available to any prospective purchaser of Class D Notes who so requests, a copy
of a letter provided to the Indenture Trustee by or on behalf of the Transferor
relating to the transferability of any Series or Class.

      Section 8.04 Amendment. This Indenture Supplement may be amended only in
accordance with the provisions set forth in Sections 10.01 and 10.02 of the
Indenture.

      Section 8.05 Counterparts. This Indenture Supplement may be executed in
two or more counterparts, and by different parties on separate counterparts,
each of which shall be an original, but all of which shall constitute one and
the same instrument.

      Section 8.06 GOVERNING LAW. THIS INDENTURE SUPPLEMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAWS PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 8.07 Limitation of Liability. Notwithstanding any other provision
herein or elsewhere, this Agreement has been executed and delivered by
Wilmington Trust Company, not in its individual capacity, but solely in its
capacity as Owner Trustee of the Trust, in no event shall (i) Wilmington Trust
Company in its individual capacity, (ii) any owner of a beneficial interest in
the Trust or (iii) any partner, owner, beneficiary, agent, officer, director,
employee or agent of the Owner Trustee in its individual capacity, any holder of
a beneficial interest in the Trust, the Owner Trustee or of any successor or
assign of the Owner Trustee in its individual capacity, except as any such
Person may have expressly agreed (it being understood that the Owner Trustee has
no such obligations in its individual capacity), have any liability in respect
of the representations, warranties, or obligations of the Trust hereunder or
under any other document, as to all of which recourse shall be had solely to the
assets of the Trust, and for all purposes of this Agreement and each other
document, the Owner Trustee (as such or in its individual capacity) shall be
subject to, and entitled to the benefits of, the terms and provisions of the
Trust Agreement.

                                     - 39 -

<PAGE>

      Section 8.08 Representations and Warranties of the Issuer. The Issuer
hereby represents and warrants to the Indenture Trustee that:

      (a) Valid and Enforceable Security Interest. The Indenture creates a valid
and continuing security interest (as defined in the applicable UCC) in the
Collateral in favor of the Indenture Trustee, which security interest is prior
to all other Liens, and is enforceable as such as against creditors of and
purchasers from the Issuer;

      (b) No Liens. The Issuer owns and has good and marketable title to the
Collateral free and clear of any Lien;

      (c) Filings. The Issuer has caused the delivery for filing of all
appropriate financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the security interest in
the Collateral granted to the Indenture Trustee under the Indenture;

      (d) Accounts. The Receivables constitute "accounts" within the meaning of
the applicable UCC;

      (e) Conveyance of Collateral; Judgments and Tax Liens. Other than the
security interest granted to the Indenture Trustee pursuant to the Indenture,
the Issuer has not pledged, assigned, sold, granted a security interest in, or
otherwise conveyed any of the Collateral. The Issuer has not authorized the
filing of and is not aware of any financing statements against the Issuer that
include a description of collateral covering the Collateral, other than any
financing statement relating to the security interest granted to the Indenture
Trustee under the Indenture or that has been terminated. The Issuer is not aware
of any judgment or tax lien filings against the Collateral; and

      (f) Survival of Representations and Warranties. All representations,
warranties and agreements contained in this Section 8.08 shall remain operative
and in full force and effect and shall survive the consummation of the
transactions contemplated hereby.

      Section 8.09 Tax Disclosure and Investor List Requirements. The
Transferor, the Servicer, the Owner Trustee and the Indenture Trustee agree, and
the underwriters and each recipient of this prospectus are deemed to agree, that
each of them and each of their employees, representatives, and other agents may
disclose to any and all persons, without limitation of any kind, the tax
treatment and tax structure of any transaction relating to the Trust or the
Notes or Trust Beneficial Interest or Certificates and all materials of any kind
(including opinions or other tax analyses) that are provided to any of them
relating to such tax treatment and tax structure. For this purpose, the phrase
"tax treatment" refers to the Federal income tax treatment of the Trust, the
Notes and the Trust Beneficial Interest or Certificates, and the phrase "tax
structure" refers to any fact that may be relevant to the understanding of such
tax treatment.

                                     - 40 -

<PAGE>

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

                                  WILMINGTON TRUST COMPANY,
                                       as Owner Trustee of

                                  ADVANTA BUSINESS CARD MASTER TRUST

                                  By: __________________________________________
                                  Name:
                                  Title:

                                  DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                       as Indenture Trustee

                                  By: __________________________________________
                                  Name:
                                  Title:

Acknowledged and Accepted:

ADVANTA BANK CORP.,
  as Servicer

By: ________________________
Name:
Title:

ADVANTA BUSINESS RECEIVABLES CORP.,
  as Transferor

By: ________________________
Name:
Title:

               [Signature Page to Series [_] Indenture Supplement]

<PAGE>

                                                                     EXHIBIT A-1

                        FORM OF CLASS A ASSET BACKED NOTE

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS CLASS A NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS A NOTES AS
INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

                                  Exhibit A-1-1

<PAGE>

INITIAL OUTSTANDING PRINCIPAL BALANCE
REGISTERED                                                                 $[_]*

No. A-[_]                                                          CUSIP NO. [_]

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS A ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to [_], or registered assigns, subject to the
following provisions, the principal sum of [_] DOLLARS, or such greater or
lesser amount as determined in accordance with the Indenture, on the Series [_]
Final Maturity Date (which is the earlier to occur of (a) the Payment Date on
which the Note Principal Balance is paid in full and (b) the [_] Payment Date),
except as otherwise provided below or in the Indenture. The Issuer will pay
interest on the unpaid principal amount of this Note at the Class A Note
Interest Rate on each Payment Date until the principal amount of this Note is
paid in full. Interest on this Note will accrue for each Payment Date from and
including the most recent Payment Date on which interest has been paid to but
excluding such Payment Date or, for the first Payment Date, from and including
the Closing Date to but excluding such Payment Date. Interest will be computed
on the basis of a 360-day year and the actual number of days elapsed. Principal
of this Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred
to on the reverse hereof, or be valid for any purpose.

----------
*     Denominations of $[_] and integral multiples of $[_] in excess thereof.

                                  Exhibit A-1-2

<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Class A Note to be duly
executed.

                                  WILMINGTON TRUST COMPANY,
                                     as Owner Trustee of
                                  ADVANTA BUSINESS CARD MASTER TRUST

                                  By: __________________________________________
                                  Name:
                                  Title:

Dated:[_][_], [_]

                                  Exhibit A-1-3

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class A Notes described in the within-mentioned Indenture.

                                  DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                  not in its individual capacity,
                                  but solely as Indenture Trustee

                                  By:___________________________________________
                                                 Authorized Signatory

Dated:[_][_], [_]

                                  Exhibit A-1-4

<PAGE>

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS A ASSET BACKED NOTE

                         Summary of Terms and Conditions

      This Class A Note is one of a duly authorized issue of Notes of the
Issuer, designated as Advanta Business Card Master Trust, Series [_] (the
"SERIES [_] NOTES"), issued under a Master Indenture dated as of August 1, 2000
(the "MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company
Americas (formerly known as Bankers Trust Company), as indenture trustee (the
"INDENTURE TRUSTEE"), as supplemented by the Indenture Supplement dated as of
[_] (the "INDENTURE SUPPLEMENT"), and representing the right to receive certain
payments from the Issuer. The term "Indenture," unless the context otherwise
requires, refers to the Master Indenture as supplemented by the Indenture
Supplement. The Notes are subject to all of the terms of the Indenture. All
terms used in this Note that are defined in the Indenture shall have the
meanings assigned to them in or pursuant to the Indenture. In the event of any
conflict or inconsistency between the Indenture and this Note, the Indenture
shall control.

      The Class B Notes, the Class C Notes and the Class D Notes will also be
issued under the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      The Class A Note Initial Principal Balance is $[_]. The Class A Note
Principal Balance on any date of determination will be an amount equal to (a)
the Class A Note Initial Principal Balance, minus (b) the aggregate amount of
principal payments made to the Class A Noteholders on or prior to such date.

      The Expected Final Principal Payment Date is the [_][_], [_] Payment Date,
but principal with respect to the Class A Notes may be paid earlier or later
under certain circumstances described in the Indenture. If for one or more
months during the Controlled Accumulation Period there are not sufficient funds
to deposit the Controlled Deposit Amount into the Principal Funding Account,
then to the extent that excess funds are not available on subsequent Payment
Dates with respect to the Controlled Accumulation Period to make up for such
shortfalls, the final payment of principal of the Notes will occur later than
the Expected Final Principal Payment Date. Payments of principal of the Notes
shall be payable in accordance with the provisions of the Indenture.

                                  Exhibit A-1-5

<PAGE>

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class A
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class A Note) such Class A Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest and principal on the Class A Notes pursuant to the
Indenture Supplement. Except as provided in the Indenture with respect to a
final payment, payments to Series [_] Noteholders shall be made by (i) check
mailed to each Series [_] Noteholder (at such Noteholder's address as it appears
in the Note Register), except that with respect to any Series [_] Notes
registered in the name of the nominee of a Clearing Agency, such payment shall
be made in immediately available funds and (ii) without presentation or
surrender of any Series [_] Note or the making of any notation thereon. Final
payment of this Class A Note will be made only upon presentation and surrender
of this Class A Note at the office or agency specified in the notice of final
payment delivered by the Indenture Trustee to the Series [_] Noteholders in
accordance with the Indenture.

      On any day occurring on or after the date on which the outstanding
principal balance of the Series [_] Notes is reduced to 10% or less of the
initial outstanding principal balance of the Series [_] Notes, the Servicer
shall have the option to redeem the Series [_] Notes, at a purchase price equal
to (i) if such day is a Payment Date, the Reassignment Amount for such Payment
Date or (ii) if such day is not a Payment Date, the Reassignment Amount for the
Payment Date following such day.

      THIS CLASS A NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN INTEREST IN,
THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE OF ANY OF
THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture Supplement, the Class A
Notes are issuable only in minimum denominations of $[_] and integral multiples
of $[_]. The transfer of this Class A Note shall be registered in the Note
Register upon surrender of this Class A Note for registration of transfer at any
office or agency maintained by the Transfer Agent and Registrar accompanied by a
written instrument of transfer, in a form satisfactory to the Indenture Trustee
or the Transfer Agent and Registrar, duly executed by the Class A Noteholder or
such Class A Noteholder's attorney, and duly authorized in writing with such
signature guaranteed, and thereupon one or more new Class A Notes in any
authorized denominations of like aggregate principal amount will be issued to
the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class A Notes are exchangeable for new Class A Notes in any
authorized denominations and of like

                                  Exhibit A-1-6

<PAGE>

aggregate principal amount, upon surrender of such Notes to be exchanged at the
office or agency of the Transfer Agent and Registrar. No service charge may be
imposed for any such exchange but the Issuer or Transfer Agent and Registrar may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith.

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class A Note is registered as the owner hereof for all purposes, and
neither the Issuer, the Transferor, the Indenture Trustee nor any agent of the
Issuer, the Transferor or the Indenture Trustee shall be affected by notice to
the contrary.

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

                                  Exhibit A-1-7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee [_]

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto [_] (name and address of assignee) the within certificate and all rights
thereunder, and hereby irrevocably constitutes and appoints [_], attorney, to
transfer said certificate on the books kept for registration thereof, with full
power of substitution in the premises.

Dated:[_][_], [_]                                    _________________________**
                                                        Signature Guaranteed

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

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

                                  Exhibit A-1-8

<PAGE>

                                                                     EXHIBIT A-2

                        FORM OF CLASS B ASSET BACKED NOTE

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS CLASS B NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS B NOTES AS
INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

                                  Exhibit A-2-1

<PAGE>

INITIAL OUTSTANDING PRINCIPAL BALANCE
REGISTERED                                                                 $[_]*

No. B-[_]                                                          CUSIP NO. [_]

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS B ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to [_], or registered assigns, subject to the
following provisions, the principal sum of [_] DOLLARS, or such greater or
lesser amount as determined in accordance with the Indenture, on the Series [_]
Final Maturity Date (which is the earlier to occur of (a) the Payment Date on
which the Note Principal Balance is paid in full and (b) the [_] Payment Date),
except as otherwise provided below or in the Indenture. The Issuer will pay
interest on the unpaid principal amount of this Note at the Class B Note
Interest Rate on each Payment Date until the principal amount of this Note is
paid in full. Interest on this Note will accrue for each Payment Date from and
including the most recent Payment Date on which interest has been paid to but
excluding such Payment Date or, for the first Payment Date, from and including
the Closing Date to but excluding such Payment Date. Interest will be computed
on the basis of a 360-day year and the actual number of days elapsed. Principal
of this Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred
to on the reverse hereof, or be valid for any purpose.

      THIS CLASS B NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO FUND PAYMENTS
ON THE CLASS A NOTES TO THE EXTENT SPECIFIED IN THE INDENTURE SUPPLEMENT.

----------

*     Denominations of $[_] and integral multiples of $[_] in excess thereof.

                                  Exhibit A-2-2

<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Class B Note to be duly
executed.

                                  WILMINGTON TRUST COMPANY,
                                    as Owner Trustee of
                                  ADVANTA BUSINESS CARD MASTER TRUST

                                  By: __________________________________________
                                  Name:
                                  Title:

Dated:[_][_], [_]

                                  Exhibit A-2-3

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class B Notes described in the within-mentioned Indenture.

                                  DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                  not in its individual capacity,
                                  but solely as Indenture Trustee

                                  By: __________________________________________
                                                 Authorized Signatory

Dated:[_][_], [_]

                                  Exhibit A-2-4

<PAGE>

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS B ASSET BACKED NOTE

                         Summary of Terms and Conditions

      This Class B Note is one of a duly authorized issue of Notes of the
Issuer, designated as Advanta Business Card Master Trust, Series [_] (the
"SERIES [_] NOTES"), issued under a Master Indenture dated as of August 1, 2000
(the "MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company
Americas (formerly known as Bankers Trust Company), as indenture trustee (the
"INDENTURE TRUSTEE"), as supplemented by the Indenture Supplement dated as of
[_] (the "INDENTURE SUPPLEMENT"), and representing the right to receive certain
payments from the Issuer. The term "Indenture," unless the context otherwise
requires, refers to the Master Indenture as supplemented by the Indenture
Supplement. The Notes are subject to all of the terms of the Indenture. All
terms used in this Note that are defined in the Indenture shall have the
meanings assigned to them in or pursuant to the Indenture. In the event of any
conflict or inconsistency between the Indenture and this Note, the Indenture
shall control.

      The Class A Notes, the Class C Notes and the Class D Notes will also be
issued under the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      The Class B Note Initial Principal Balance is $[_].

      The Class B Note Principal Balance on any date of determination will be an
amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the
aggregate amount of principal payments made to the Class B Noteholders on or
prior to such date.

      The Expected Final Principal Payment Date is the [_][_], [_] Payment Date,
but principal with respect to the Class B Notes may be paid earlier or later
under certain circumstances described in the Indenture. If for one or more
months during the Controlled Accumulation Period there are not sufficient funds
to deposit the Controlled Deposit Amount into the Principal Funding Account,
then to the extent that excess funds are not available on subsequent Payment
Dates with respect to the Controlled Accumulation Period to make up for such
shortfalls, the final payment of principal of the Notes will occur later than
the Expected Final Principal Payment Date. Payments of principal of the Notes
shall be payable in accordance with the provisions of the Indenture.

                                  Exhibit A-2-5

<PAGE>

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class B
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class B Note) such Class B Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest and principal on the Class B Notes pursuant to the
Indenture Supplement. Except as provided in the Indenture with respect to a
final payment, payments to Series [_] Noteholders shall be made by (i) check
mailed to each Series [_] Noteholder (at such Noteholder's address as it appears
in the Note Register), except that with respect to any Series [_] Notes
registered in the name of the nominee of a Clearing Agency, such payment shall
be made in immediately available funds and (ii) without presentation or
surrender of any Series [_] Note or the making of any notation thereon. Final
payment of this Class B Note will be made only upon presentation and surrender
of this Class B Note at the office or agency specified in the notice of final
payment delivered by the Indenture Trustee to the Series [_] Noteholders in
accordance with the Indenture.

      On any day occurring on or after the date on which the outstanding
principal balance of the Series [_] Notes is reduced to 10% or less of the
initial outstanding principal balance of the Series [_] Notes, the Servicer
shall have the option to redeem the Series [_] Notes, at a purchase price equal
to (i) if such day is a Payment Date, the Reassignment Amount for such Payment
Date or (ii) if such day is not a Payment Date, the Reassignment Amount for the
Payment Date following such day.

      THIS CLASS B NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN INTEREST IN,
THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE OF ANY OF
THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture Supplement, the Class B
Notes are issuable only in minimum denominations of $[_] and integral multiples
of $[_]. The transfer of this Class B Note shall be registered in the Note
Register upon surrender of this Class B Note for registration of transfer at any
office or agency maintained by the Transfer Agent and Registrar accompanied by a
written instrument of transfer, in a form satisfactory to the Indenture Trustee
or the Transfer Agent and Registrar, duly executed by the Class B Noteholder or
such Class B Noteholder's attorney, and duly authorized in writing with such
signature guaranteed, and thereupon one or more new Class B Notes in any
authorized denominations of like aggregate principal amount will be issued to
the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class B Notes are exchangeable for new Class B Notes in any
authorized denominations and of like

                                  Exhibit A-2-6

<PAGE>

aggregate principal amount, upon surrender of such Notes to be exchanged at the
office or agency of the Transfer Agent and Registrar. No service charge may be
imposed for any such exchange but the Issuer or Transfer Agent and Registrar may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith.

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class B Note is registered as the owner hereof for all purposes, and
neither the Issuer, the Transferor, the Indenture Trustee nor any agent of the
Issuer, the Transferor or the Indenture Trustee shall be affected by notice to
the contrary.

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

                                  Exhibit A-2-7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee [_]

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto [_] (name and address of assignee) the within certificate and all rights
thereunder, and hereby irrevocably constitutes and appoints [_], attorney, to
transfer said certificate on the books kept for registration thereof, with full
power of substitution in the premises.

Dated:[_][_], [_]                                _________________________**
                                                   Signature Guaranteed

----------

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

                                  Exhibit A-2-8

<PAGE>

                                                                     EXHIBIT A-3

                        FORM OF CLASS C ASSET BACKED NOTE

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS CLASS C NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS C NOTES AS
INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

                                             Exhibit A-3-1

<PAGE>

INITIAL OUTSTANDING PRINCIPAL BALANCE
REGISTERED                                                                 $[_]*

No. C-[_]                                                          CUSIP NO. [_]

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS C ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to [_], or registered assigns, subject to the
following provisions, the principal sum of [_] DOLLARS, or such greater or
lesser amount as determined in accordance with the Indenture, on the Series [_]
Final Maturity Date (which is the earlier to occur of (a) the Payment Date on
which the Note Principal Balance is paid in full and (b) the [_] Payment Date),
except as otherwise provided below or in the Indenture. The Issuer will pay
interest on the unpaid principal amount of this Note at the Class C Note
Interest Rate on each Payment Date until the principal amount of this Note is
paid in full. Interest on this Note will accrue for each Payment Date from and
including the most recent Payment Date on which interest has been paid to but
excluding such Payment Date or, for the first Payment Date, from and including
the Closing Date to but excluding such Payment Date. Interest will be computed
on the basis of a 360-day year and the actual number of days elapsed. Principal
of this Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred
to on the reverse hereof, or be valid for any purpose.

      THIS CLASS C NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO FUND PAYMENTS
ON THE CLASS A AND THE CLASS B NOTES TO THE EXTENT SPECIFIED IN THE INDENTURE
SUPPLEMENT.

----------

*     Denominations of $[_] and integral multiples of $[_] in excess thereof.

                                 Exhibit A-3-2

<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Class C Note to be duly
executed.

                                  WILMINGTON TRUST COMPANY,
                                    as Owner Trustee of
                                  ADVANTA BUSINESS CARD MASTER TRUST

                                  By: __________________________________________
                                  Name:
                                  Title:

Dated:[_][_], [_]

                                  Exhibit A-3-3

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class C Notes described in the within-mentioned Indenture.

                                  DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                  not in its individual capacity,
                                  but solely as Indenture Trustee

                                  By: __________________________________________
                                                 Authorized Signatory

Dated:[_][_], [_]

                                  Exhibit A-3-4

<PAGE>

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS C ASSET BACKED NOTE

                         Summary of Terms and Conditions

      This Class C Note is one of a duly authorized issue of Notes of the
Issuer, designated as Advanta Business Card Master Trust, Series [_] (the
"SERIES [_] NOTES"), issued under a Master Indenture dated as of August 1, 2000
(the "MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company
Americas (formerly known as Bankers Trust Company), as indenture trustee (the
"INDENTURE TRUSTEE"), as supplemented by the Indenture Supplement dated as of
[_] (the "INDENTURE SUPPLEMENT"), and representing the right to receive certain
payments from the Issuer. The term "Indenture," unless the context otherwise
requires, refers to the Master Indenture as supplemented by the Indenture
Supplement. The Notes are subject to all of the terms of the Indenture. All
terms used in this Note that are defined in the Indenture shall have the
meanings assigned to them in or pursuant to the Indenture. In the event of any
conflict or inconsistency between the Indenture and this Note, the Indenture
shall control.

      The Class A Notes, the Class B Notes and the Class D Notes will also be
issued under the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      The Class C Note Initial Principal Balance is $[_].

      The Class C Note Principal Balance on any date of determination will be an
amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the
aggregate amount of principal payments made to the Class C Noteholders on or
prior to such date.

      The Expected Final Principal Payment Date is the [_][_], [_] Payment Date,
but principal with respect to the Class C Notes may be paid earlier or later
under certain circumstances described in the Indenture. If for one or more
months during the Controlled Accumulation Period there are not sufficient funds
to deposit the Controlled Deposit Amount into the Principal Funding Account,
then to the extent that excess funds are not available on subsequent Payment
Dates with respect to the Controlled Accumulation Period to make up for such
shortfalls, the final payment of principal of the Notes will occur later than
the Expected Final Principal Payment Date. Payments of principal of the Notes
shall be payable in accordance with the provisions of the Indenture.

                                  Exhibit A-3-5

<PAGE>

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class C
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class C Note) such Class C Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest and principal on the Class C Notes pursuant to the
Indenture Supplement. Except as provided in the Indenture with respect to a
final payment, payments to Series [_] Noteholders shall be made by (i) check
mailed to each Series [_] Noteholder (at such Noteholder's address as it appears
in the Note Register), except that with respect to any Series [_] Notes
registered in the name of the nominee of a Clearing Agency, such payment shall
be made in immediately available funds and (ii) without presentation or
surrender of any Series [_] Note or the making of any notation thereon. Final
payment of this Class C Note will be made only upon presentation and surrender
of this Class C Note at the office or agency specified in the notice of final
payment delivered by the Indenture Trustee to the Series [_] Noteholders in
accordance with the Indenture.

      On any day occurring on or after the date on which the outstanding
principal balance of the Series [_] Notes is reduced to 10% or less of the
initial outstanding principal balance of the Series [_] Notes, the Servicer
shall have the option to redeem the Series [_] Notes, at a purchase price equal
to (i) if such day is a Payment Date, the Reassignment Amount for such Payment
Date or (ii) if such day is not a Payment Date, the Reassignment Amount for the
Payment Date following such day.

      THIS CLASS C NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN INTEREST IN,
THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE OF ANY OF
THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture Supplement, the Class C
Notes are issuable only in minimum denominations of $[_] and integral multiples
of $[_]. The transfer of this Class C Note shall be registered in the Note
Register upon surrender of this Class C Note for registration of transfer at any
office or agency maintained by the Transfer Agent and Registrar accompanied by a
written instrument of transfer, in a form satisfactory to the Indenture Trustee
or the Transfer Agent and Registrar, duly executed by the Class C Noteholder or
such Class C Noteholder's attorney, and duly authorized in writing with such
signature guaranteed, and thereupon one or more new Class C Notes in any
authorized denominations of like aggregate principal amount will be issued to
the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class C Notes are exchangeable for new Class C Notes in any
authorized denominations and of like

                                  Exhibit A-3-6

<PAGE>

aggregate principal amount, upon surrender of such Notes to be exchanged at the
office or agency of the Transfer Agent and Registrar. No service charge may be
imposed for any such exchange but the Issuer or Transfer Agent and Registrar may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith.

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class C Note is registered as the owner hereof for all purposes, and
neither the Issuer, the Transferor, the Indenture Trustee nor any agent of the
Issuer, the Transferor or the Indenture Trustee shall be affected by notice to
the contrary.

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

                                  Exhibit A-3-7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee [_]

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto [_] (name and address of assignee) the within certificate and all rights
thereunder, and hereby irrevocably constitutes and appoints [_], attorney, to
transfer said certificate on the books kept for registration thereof, with full
power of substitution in the premises.

Dated:[_][_], [_]                               _________________________**
                                                   Signature Guaranteed

----------

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

                                  Exhibit A-3-8

<PAGE>

                                                                     EXHIBIT A-4

                        FORM OF CLASS D ASSET BACKED NOTE

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS CLASS D NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS D NOTES AS
INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

      THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS
NOTE, OR ANY INTEREST OR PARTICIPATION HEREIN, MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
APPLICABLE LAWS AND ONLY (1) TO THE ISSUER OR ITS AFFILIATES OR (2) PURSUANT TO
RULE 144A UNDER THE SECURITIES ACT TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
UNDER THE SECURITIES ACT (A "QIB") PURCHASING FOR ITS OWN ACCOUNT OR A QIB
PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE,
THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON
RULE 144A UNDER THE SECURITIES ACT. THIS SECURITY WILL NOT BE ACCEPTED FOR
REGISTRATION OF TRANSFER EXCEPT UPON PRESENTATION OF EVIDENCE SATISFACTORY TO
THE TRANSFER AGENT AND REGISTRAR THAT THE RESTRICTIONS ON TRANSFER SET FORTH IN
THE MASTER INDENTURE AND THE INDENTURE SUPPLEMENT HAVE BEEN COMPLIED WITH. THIS
NOTE MAY NOT BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT THE
PRIOR WRITTEN CONSENT OF THE TRANSFEROR AND UNLESS AND UNTIL THE INDENTURE
TRUSTEE, THE TRANSFEROR AND THE SERVICER SHALL HAVE RECEIVED THE CERTIFICATIONS
REQUIRED BY THE MASTER INDENTURE AND THE INDENTURE SUPPLEMENT.

      THE CLASS D NOTES ARE ALSO SUBJECT TO RESTRICTIONS ON THE PURCHASE,
OWNERSHIP AND DISPOSITION OF SUCH SECURITIES, INCLUDING THE CONSENT OF THE
TRANSFEROR AND THE DELIVERY OF AN INVESTMENT LETTER. SUCH RESTRICTIONS ARE SET
FORTH IN THE MASTER INDENTURE AND THE INDENTURE SUPPLEMENT, COPIES OF WHICH ARE
AVAILABLE FROM THE INDENTURE TRUSTEE.

                                  Exhibit A-4-1

<PAGE>

      THIS CLASS D NOTE MAY NOT BE SOLD OR TRANSFERRED TO ANY PLAN THAT IS
SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA") OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
"CODE"), TO ANY PERSON ACTING ON BEHALF OF OR WITH "PLAN ASSETS" OF ANY SUCH
PLAN, OR TO ANY OTHER "BENEFIT PLAN INVESTOR" (AS DEFINED IN UNITED STATES
DEPARTMENT OF LABOR REGULATION SECTION 2510.3-101(f)(2)), INCLUDING AN INSURANCE
COMPANY GENERAL ACCOUNT, EXCEPT IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE INDENTURE SUPPLEMENT.

      THIS CLASS D NOTE MAY NOT BE ACQUIRED, SOLD, TRADED OR TRANSFERRED, NOR
MAY AN INTEREST IN THIS CLASS D NOTE BE MARKETED, ON OR THROUGH (I) AN
"ESTABLISHED SECURITIES MARKET" WITHIN THE MEANING OF SECTION 7704(b)(1) OF THE
CODE AND ANY TREASURY REGULATION THEREUNDER, INCLUDING, WITHOUT LIMITATION, AN
OVER THE-COUNTER-MARKET OR AN INTERDEALER QUOTATION SYSTEM THAT REGULARLY
DISSEMINATES FIRM BUY OR SELL QUOTATIONS OR (II) A "SECONDARY MARKET (OR THE
SUBSTANTIAL EQUIVALENT THEREOF)" WITHIN THE MEANING OF SECTION 7704(b)(2) OF THE
CODE AND ANY TREASURY REGULATION THEREUNDER, INCLUDING A MARKET WHEREIN
INTERESTS IN THE CLASS D NOTES ARE REGULARLY QUOTED BY ANY PERSON MAKING A
MARKET IN SUCH INTERESTS AND A MARKET WHEREIN ANY PERSON REGULARLY MAKES
AVAILABLE BID OR OFFER QUOTES WITH RESPECT TO INTERESTS IN THE CLASS D NOTES AND
STANDS READY TO EFFECT BUY OR SELL TRANSACTIONS AT THE QUOTED PRICES FOR ITSELF
OR ON BEHALF OF OTHERS.

      BEFORE PURCHASING THIS NOTE, PURCHASERS SHOULD CONSULT COUNSEL WITH
RESPECT TO THE AVAILABILITY AND CONDITIONS OF EXEMPTION FROM THE RESTRICTION ON
RESALE OR TRANSFER. NEITHER THE ISSUER NOR THE SELLER OF THIS NOTE HAS AGREED TO
REGISTER THIS NOTE UNDER THE SECURITIES ACT, TO QUALIFY THIS NOTE UNDER THE
SECURITIES LAWS OF ANY STATE OR JURISDICTION OR TO PROVIDE REGISTRATION RIGHTS
TO ANY PURCHASER.

      AS SET FORTH HEREIN, THE OUTSTANDING PRINCIPAL BALANCE OF THIS NOTE AT ANY
TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

                                  Exhibit A-4-2

<PAGE>

INITIAL OUTSTANDING PRINCIPAL BALANCE
                                                                           $[_]*

No. D-[_]                                                          CUSIP NO. [_]

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS D ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to [_], or registered assigns, subject to the
following provisions, the principal sum of [_] DOLLARS, or such greater or
lesser amount as determined in accordance with the Indenture, on the Series [_]
Final Maturity Date (which is the earlier to occur of (a) the Payment Date on
which the Note Principal Balance is paid in full and (b) the [_] Payment Date),
except as otherwise provided below or in the Indenture. The Issuer will pay
interest on the unpaid principal amount of this Note at the Class D Note
Interest Rate on each Payment Date until the principal amount of this Note is
paid in full. Interest on this Note will accrue for each Payment Date from and
including the most recent Payment Date on which interest has been paid to but
excluding such Payment Date or, for the first Payment Date, from and including
the Closing Date to but excluding such Payment Date. Interest will be computed
on the basis of a 360-day year and the actual number of days elapsed. Principal
of this Note shall be paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred
to on the reverse hereof, or be valid for any purpose.

      THIS CLASS D NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO FUND PAYMENTS
ON THE CLASS A NOTES, THE CLASS B NOTES AND THE CLASS C NOTES TO THE EXTENT
SPECIFIED IN THE INDENTURE SUPPLEMENT.

----------
*     Denominations of $[_] and integral multiples of $[_] in excess thereof.

                                  Exhibit A-4-3

<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Class D Note to be duly
executed.

                                  WILMINGTON TRUST COMPANY,
                                     as Owner Trustee of
                                  ADVANTA BUSINESS CARD MASTER TRUST

                                  By: __________________________________________
                                  Name:
                                  Title:

Dated:[_][_], [_]

                                  Exhibit A-4-4

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class D Notes described in the within-mentioned Indenture.

                                  DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                  not in its individual capacity,
                                  but solely as Indenture Trustee

                                  By: __________________________________________
                                                 Authorized Signatory

Dated:[_][_], [_]

                                  Exhibit A-4-5

<PAGE>

                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [_]

                            CLASS D ASSET BACKED NOTE

                         Summary of Terms and Conditions

      This Class D Note is one of a duly authorized issue of Notes of the
Issuer, designated as Advanta Business Card Master Trust, Series [_] (the
"SERIES [_] NOTES"), issued under a Master Indenture dated as of August 1, 2000
(the "MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company
Americas (formerly known as Bankers Trust Company), as indenture trustee (the
"INDENTURE TRUSTEE"), as supplemented by the Indenture Supplement dated as of
[_][_], [_] (the "INDENTURE SUPPLEMENT"), and representing the right to receive
certain payments from the Issuer. The term "Indenture," unless the context
otherwise requires, refers to the Master Indenture as supplemented by the
Indenture Supplement. The Notes are subject to all of the terms of the
Indenture. All terms used in this Note that are defined in the Indenture shall
have the meanings assigned to them in or pursuant to the Indenture. In the event
of any conflict or inconsistency between the Indenture and this Note, the
Indenture shall control.

      The Class A Notes, the Class B Notes and the Class C Notes will also be
issued under the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      The Class D Note Initial Principal Balance is $[_].

      The Class D Note Principal Balance on any date of determination will be an
amount equal to (a) the Class D Note Initial Principal Balance, minus (b) the
aggregate amount of principal payments made to the Class D Noteholders on or
prior to such date.

      The Expected Final Principal Payment Date is the [_][_], [_] Payment Date,
but principal with respect to the Class D Notes may be paid earlier or later
under certain circumstances described in the Indenture. If for one or more
months during the Controlled Accumulation Period there are not sufficient funds
to deposit the Controlled Deposit Amount into the Principal Funding Account,
then to the extent that excess funds are not available on subsequent Payment
Dates with respect to the Controlled Accumulation Period to make up for such
shortfalls, the final payment of principal of the Notes will occur later than
the Expected Final Principal Payment Date. Payments of principal of the Notes
shall be payable in accordance with the provisions of the Indenture.

                                  Exhibit A-4-6

<PAGE>

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class D
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class D Note) such Class D Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest and principal on the Class D Notes pursuant to the
Indenture Supplement. Except as provided in the Indenture with respect to a
final payment, payments to Series [_] Noteholders shall be made by (i) check
mailed to each Series [_] Noteholder (at such Noteholder's address as it appears
in the Note Register), except that with respect to any Series [_] Notes
registered in the name of the nominee of a Clearing Agency, such payment shall
be made in immediately available funds and (ii) without presentation or
surrender of any Series [_] Note or the making of any notation thereon. Final
payment of this Class D Note will be made only upon presentation and surrender
of this Class D Note at the office or agency specified in the notice of final
payment delivered by the Indenture Trustee to the Series [_] Noteholders in
accordance with the Indenture.

      On any day occurring on or after the date on which the outstanding
principal balance of the Series [_] Notes is reduced to 10% or less of the
initial outstanding principal balance of the Series [_] Notes, the Servicer
shall have the option to redeem the Series [_] Notes, at a purchase price equal
to (i) f such day is a Payment Date, the Reassignment Amount for such Payment
Date or (ii) if such day is not a Payment Date, the Reassignment Amount for the
Payment Date following such day.

      THIS CLASS D NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN INTEREST IN,
THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE OF ANY OF
THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture Supplement, the Class D
Notes are issuable only in minimum denominations of $[_] and integral multiples
of $[_]. The transfer of this Class D Note shall be registered in the Note
Register upon surrender of this Class D Note for registration of transfer at any
office or agency maintained by the Transfer Agent and Registrar accompanied by a
written instrument of transfer, in a form satisfactory to the Indenture Trustee
or the Transfer Agent and Registrar, duly executed by the Class D Noteholder or
such Class D Noteholder's attorney, and duly authorized in writing with such
signature guaranteed, and thereupon one or more new Class D Notes in any
authorized denominations of like aggregate principal amount will be issued to
the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class D Notes are exchangeable for new Class D Notes in any
authorized denominations and of like

                                  Exhibit A-4-7

<PAGE>

aggregate principal amount, upon surrender of such Notes to be exchanged at the
office or agency of the Transfer Agent and Registrar. No service charge may be
imposed for any such exchange but the Issuer or Transfer Agent and Registrar may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith.

      Registration of transfer of Class D Notes shall be effected only if the
Transferor has given its consent to the transfer and the transferee has executed
and delivered an investment letter in the form and substance attached to the
Indenture Supplement as Exhibit E with respect to certain matters under the
Securities Act of 1933, as amended, the Employee Retirement Income Security Act
of 1974, as amended, and the Internal Revenue Code of 1986, as amended.

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class D Note is registered as the owner hereof for all purposes, and
neither the Issuer, the Transferor, the Indenture Trustee nor any agent of the
Issuer, the Transferor or the Indenture Trustee shall be affected by notice to
the contrary.

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

                                  Exhibit A-4-8

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee [_]

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto [_] (name and address of assignee) the within certificate and all rights
thereunder, and hereby irrevocably constitutes and appoints [_], attorney, to
transfer said certificate on the books kept for registration thereof, with full
power of substitution in the premises.

Dated:[_][_], [_]                               _________________________**
                                                   Signature Guaranteed

----------
** The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                  Exhibit A-4-9
<PAGE>

                                                                       EXHIBIT B

 FORM OF MONTHLY PAYMENT INSTRUCTIONS AND NOTIFICATION TO THE INDENTURE TRUSTEE
                               ADVANTA BANK CORP.
                       ADVANTA BUSINESS RECEIVABLES CORP.
                  ADVANTA BUSINESS CARD MASTER TRUST SERIES [-]
                              MONTHLY PERIOD ENDING

Capitalized terms used in this notice have their respective meanings set forth
in the Master Indenture and the Transfer and Servicing Agreement. References to
certain sections and subsections are references to the respective sections and
subsections of the Master Indenture as supplemented by the Series [-] Indenture
Supplement. This notice is delivered pursuant to Section 4.04

      A)    Advanta Bank Corp. is the Servicer under the Master Indenture.

      B)    The undersigned is an Authorized Officer.

      C)    The date of this notice is on or before the second Business Day
            preceding the related Payment Date.

I. INSTRUCTION TO MAKE A WITHDRAWAL

Pursuant to Section 4.04, the Servicer does hereby instruct the Indenture
Trustee to apply Available Finance Charge Collections and Available Principal
Collections in a manner set forth below:

A.    Pursuant to section 4.04 (a) (i):

      1.    Class A Monthly Interest for such Payment Date..............  $[-]
                                                                          -----

      2.    Any Class A Interest Shortfall previously due but not
            distributed to the Class A Noteholders......................
                                                                          -----

      3.    Class A Additional Interest for such Payment Date...........  $[-]
                                                                          -----

      4.    Any Class A Additional Interest previously due but not
            distributed to Class A Noteholder...........................  $[-]
                                                                          -----

B.    Pursuant to section 4.04 (a) (ii)

      1.    Class B Monthly Interest for such Payment Date..............  $[-]
                                                                          -----

      2.    Any Class B Interest Shortfall previously due but not
            distributed to the Class B Noteholders......................
                                                                          -----

      2.    Class B Additional Interest for such Payment Date...........  $[-]
                                                                          -----

      3.    Any Class B Additional Interest previously due but not
            distributed to Class B Noteholder...........................  $[-]
                                                                          -----

C.    Pursuant to section 4.04 (a) (iii)

      Monthly Servicing Fee for such Payment Date plus the amount of
      any Monthly Servicing Fee previously due but not distributed to
      the Servicer on a prior Payment Date..............................  $[-]
                                                                          -----

D.    Pursuant to section 4.04 (a) (iv)

      1.    The amount withdrawn from Cash Collateral Account to cover
            distributions pursuant to subsection 4.04 (a)(iv)...........  $[-]
                                                                          -----

      2.    Class C Monthly Interest for such Payment Date..............  $[-]
                                                                          -----

      3.    Any Class C Interest Shortfall previously due but not
            distributed to the Class C Noteholders......................
                                                                          -----

      4.    Class C Additional Interest for such Payment Date...........  $[-]
                                                                          -----

      5.    Any Class C Additional Interest previously due but not
            distributed to Class C Noteholder...........................  $[-]
                                                                          -----

                                   Exhibit B-1

<PAGE>

E. Pursuant to section 4.04 (a) (v)

      Investor Default Amount for the related Monthly Period to be
      treated as Available Principal Collections........................  $[-]
                                                                          -----

F. Pursuant to section 4.04(a) (vi)

      1.    Investor Charge-Offs which have not been previously
            reimbursed..................................................  $[-]
                                                                          -----

      2.    Reallocated Principal Collections which have not been
            previously reimbursed.......................................  $[-]
                                                                          -----

G. Pursuant to section 4.04 (a) (vii)

      On each Payment Date from and after the Reserve Account Funding
      Date, to the Reserve Account an amount up to the excess, if any,
      of the Required Reserve Account Amount over the Available Reserve
      Account Amount....................................................  $[-]
                                                                          -----

H. Pursuant to section 4.04 (a) (viii)

      1.    The amount withdrawn from Cash Collateral Account to cover
            distributions pursuant to subsection 4.04 (a)(viii).........  $[-]
                                                                          -----

      2.    Class D Monthly Interest for such Payment Date..............  $[-]
                                                                          -----

      3.    Any Class D Interest Shortfall previously due but not
            distributed to the Class D Noteholders......................
                                                                          -----

      4.    Class D Additional Interest for such Payment Date...........  $[-]
                                                                          -----

      5.    Any Class D Additional Interest previously due but not
            distributed to Class D Noteholder...........................  $[-]
                                                                          -----

I. Pursuant to section 4.04 (a) (ix)

      Amount required to be deposited in the Cash Collateral Account
      pursuant to subsection 4.11 (f)...................................  $[-]
                                                                          -----

J. Pursuant to section 4.04 (a) (x)

      Amount, if any, to be treated as Excess Finance Charge Collections
      for such Payment Date allocated to other Series in Group [-]......  $[-]
                                                                          -----

K. Pursuant to section 4..04 (a) (xi)

      Remaining amounts paid to the holders of Trust Beneficial
      Interests or Certificates.........................................  $[-]
                                                                          -----

                                                      Total               $[-]
                                                                          ======
L. Pursuant to section 4.04 (b)

      On each Payment Date with respect to the Revolving Period, the
      amount of Available Principal Collections for the related Monthly
      Period to be treated as Shared Principal Collections..............  $[-]
                                                                          -----

M. Pursuant to section 4.04 (c)

      On each Payment Date with respect to the Controlled Accumulation
      Period or the Early Amortization Period, Available Principal
      Collections shall be distributed as follows:

                                   Exhibit B-2

<PAGE>

      1.    The Monthly Principal for such Payment Date deposited into
            the Principal Funding Account...............................  $[-]
                                                                          -----

      2.    Monthly Principal to the Class A Noteholder.................  $[-]
                                                                          -----

      3.    Monthly Principal to the Class B Noteholder.................  $[-]
                                                                          -----

      4.    Monthly Principal to the Class C Noteholder.................  $[-]
                                                                          -----

      5.    Monthly Principal to the Class D Noteholder.................  $[-]
                                                                          -----

      6.    Monthly Principal to be treated as Shared Principal
            Collections.................................................  $[-]
                                                                          -----

N. Pursuant to section 4.04 (d)

      On the earlier to occur of (a) the first Payment Date during the
      early Amortization Period and (b) the Expected Final Principal
      Payment Date, withdraw from the Principal Funding Account and
      distribute as follows:

      1.    Monthly Principal to the Class A Noteholder.................  $[-]
                                                                          -----

      2.    Monthly Principal to the Class B Noteholder.................  $[-]
                                                                          -----

      3.    Monthly Principal to the Class C Noteholder.................  $[-]
                                                                          -----

      4.    Monthly Principal to the Class D Noteholder.................  $[-]
                                                                          -----

II. REALLOCATED PRINCIPAL COLLECTIONS

      Pursuant to Section 4.06, the Servicer does hereby instruct the
      Indenture Trustee to apply Reallocated Principal Collections with
      respect to such Payment Date, to fund any deficiency pursuant to
      subsections 4.04 (a)(i), (ii), (iii), and (iv)....................  $[-]
                                                                          -----

III. SHARED PRINCIPAL COLLECTIONS

      Pursuant to Section 8.05 of the Master indentures, Available
      Principal Collections for the related Monthly Period treated as
      Shared Principal Collections paid to the Trust Beneficial Interests
      or Certificates...................................................  $[-]
                                                                          -----

IV. ACCRUED AND UNPAID AMOUNTS

      After giving effect to the withdrawals and transfers to be made in
      accordance with this notice, the following amounts will be accrued
      and unpaid with respect to all Monthly Periods preceding the
      current calendar month:

      1.    Aggregate Class A Interest Shortfall........................  $[-]
                                                                          -----

      2.    Aggregate Class B Interest Shortfall........................  $[-]
                                                                          -----

      3.    Aggregate Class C Interest Shortfall........................  $[-]
                                                                          -----

      4.    Aggregate Class D Interest Shortfall........................  $[-]
                                                                          -----

      5.    Aggregate amount of all accrued and unpaid Monthly Servicing
            Fee.........................................................  $[-]
                                                                          -----

      6.    Aggregate amount of all unreimbursed Investor Charge-Offs...  $[-]
                                                                          -----

V. CASH COLLATERAL ACCOUNT

      1.    Beginning Balance...........................................  $[-]
                                                                          -----

      2.    Investment Earnings since the preceding Payment Date........  $[-]
                                                                          -----

                                   Exhibit B-3

<PAGE>

      3.    Amount withdrawn to cover payments pursuant to subsections
            4.04(a)(iv) and 4.04(a)(viii)...............................  $[-]
                                                                          -----

      4.    On the Series [-] Final Maturity Date, amount withdrawn
            pursuant to subsection 4.11(d)..............................  $[-]
                                                                          -----

      5.    On the day following the occurrence of an Event of Default,
            amount withdrawn pursuant to subsection 4.11 (e)............  $[-]
                                                                          -----

      6.    Amount deposited to cover any Cash Collateral Account
            Deficiency..................................................  $[-]
                                                                          -----

      7.    Excess over the Required Cash Collateral Account Amount paid
            to the Transferor...........................................  $[-]
                                                                          -----

      8.    Ending Balance..............................................  $[-]
                                                                          =====

VI. RESERVE ACCOUNT

      1.    Beginning Balance...........................................  $[-]
                                                                          -----

      2.    Interest and earnings for the related Payment Date..........  $[-]
                                                                          -----

      3.    Interest earnings withdrawn to be included in Available
            Finance Charge Collections..................................  $[-]
                                                                          -----

      4.    On each Payment Date from and after the Reserve Account
            Funding Date, amount deposited pursuant to subsection
            4.04(a)(vii)................................................  $[-]
                                                                          -----

      5.    The Reserve Draw Amount to be deposited into the Collection
            Account to be treated as Available Finance Charge
            Collections.................................................   $[-]
                                                                          -----

      6.    The Reserve Account Surplus to be paid to the holders of
            Trust Beneficial Interests..................................  $[-]
                                                                          -----

      7.    Amount withdrawn pursuant to subsection 4.10(f).............  $[-]
                                                                          -----

      8.    Ending Balance..............................................  $[-]
                                                                          =====

VII. PRINCIPAL FUNDING ACCOUNT

      1.    Beginning Balance...........................................  $[-]
                                                                          -----

      2.    Principal Funding Account Investment Proceeds for the
            related Payment Date........................................  $[-]
                                                                          -----

      3.    Principal Funding Account Investment Proceeds to be
            deposited into the Collection Account included as Available
            Finance Charge Collections..................................  $[-]
                                                                          -----

      4.    During the Controlled Accumulation Period, the amount of
            Monthly Principal for such Payment Date deposited into the
            Principal Funding Account...................................  $[-]
                                                                          -----

      5.    On the earliest to occur of (a) first Payment Date during
            the Early Amortization Period and (b) the Expected Final
            Principal Payment Date, the amount withdrawn for payment to
            the Noteholders.............................................  $[-]
                                                                          -----

      6.    Ending Balance..............................................  $[-]
                                                                          =====

VIII. EXCESS FUNDING ACCOUNT

      1.    Beginning Balance...........................................  $[-]
                                                                          -----

      2.    Interest income from investments in the related Monthly
            Period pursuant to subsection 8.03 (b) of the Master
            Indenture...................................................  $[-]
                                                                          -----

      3.    Deposits made pursuant to subsections 4.01(b)(ii),
            4.01(c)(ii)(x), 4.01(c)(ii)(y) and 4.01(c)(ii)(z) of the
            Series 2000-C Indenture Supplement..........................  $[-]
                                                                          -----

      4.    Interest income withdrawn to be included as Available
            Finance Charge Collections..................................  $[-]
                                                                          -----

      5.    Amount withdrawn to be treated as Shared Principal
            Collections pursuant to subsection 8.03 (b) of the Master
            Indenture...................................................  $[-]
                                                                          -----

      6.    Amount withdrawn and paid to the holders of the Trust
            Beneficial Interest or Certificates pursuant to subsection
            8.03 (b) of the Master Indenture............................  $[-]
                                                                          -----

      7.    Ending Balance..............................................  $[-]
                                                                          =====

                                   Exhibit B-4

<PAGE>

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this [-] day of [-], [-].

                                      Advanta Bank Corp,
                                         as Servicer

                                      By:____________________________________
                                      Name:
                                      Title:

                                   Exhibit B-5

<PAGE>

                                                                       EXHIBIT C

CLASS A CUSIP [_]
CLASS B CUSIP [_]
CLASS C CUSIP [_]

                     FORM OF MONTHLY NOTEHOLDER'S STATEMENT
                               ADVANTA BANK CORP.
                       ADVANTA BUSINESS CARD MASTER TRUST
                                   SERIES [_]
                                  PERIOD ENDING
                                       [_]

The information which is required to be prepared with respect to the Payment
Date of [_][_], 200[_] and with respect to the performance of the Trust during
the period of [_][_], 20[_] through [_][_], 20[_] is set forth below.

Capitalized terms used in this statement have their respective meanings set
forth in the Master Indenture and the Transfer and Servicing Agreement.
References to certain sections and subsections are references to the respective
sections and subsections of the Master Indenture as supplemented by the Series
[_] Indenture Supplement.

I.    INFORMATION REGARDING THE CURRENT MONTHLY PRINCIPAL DISTRIBUTION TO THE
      NOTEHOLDERS (STATED ON THE BASIS OF $[_] ORIGINAL PRINCIPAL BALANCE)

<TABLE>
<S>                                                                                          <C>
1.  The amount of distribution in respect to principal payment to the Class A Noteholders..  $[_]
2.  The amount of distribution in respect to principal payment to the Class B Noteholders..  $[_]
3.  The amount of distribution in respect to principal payment to the Class C Noteholders..  $[_]
4.  The amount of distribution in respect to principal payment to the Class D Noteholders..  $[_]
</TABLE>

II.   INFORMATION REGARDING THE CURRENT MONTHLY INTEREST DISTRIBUTION TO THE
      NOTEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL NOTE PRINCIPAL
      BALANCE)

<TABLE>
<S>                                                                                          <C>
1.  The amount of distribution in respect to the Class A Monthly Interest..................  $[_]
2.  The amount of distribution in respect to the Class B Monthly Interest..................  $[_]
3.  The amount of distribution in respect to the Class C Monthly Interest..................  $[_]
4.  The amount of distribution in respect to the Class D Monthly Interest..................  $[_]
</TABLE>

III.  INFORMATION REGARDING THE TOTAL MONTHLY DISTRIBUTION TO THE NOTEHOLDER
      (STATED ON THE BASIS OF $[_] ORIGINAL NOTE PRINCIPAL BALANCE)

<TABLE>
<S>                                                                                          <C>
1.     The total amount of distribution in respect to the Class A Noteholders..............  $[_]
2.     The total amount of distribution in respect to the Class B Noteholders..............  $[_]
3.     The total amount of distribution in respect to the Class C Noteholders..............  $[_]
4.     The total amount of distribution in respect to the Class D Noteholders..............  $[_]
</TABLE>

IV.   INFORMATION REGARDING THE PERFORMANCE OF THE ADVANTA BUSINESS CARD MASTER
      TRUST

                                   Exhibit C-1
<PAGE>

<TABLE>
<S>                                                                                           <C>      <C>
1.     The aggregate amount of such Collections with respect to Principal Receivables for
       the Monthly Period preceding such Payment Date.......................................  $[_]
2.     The aggregate amount of such Collections with respect to Finance Charge and
       Administrative Receivables for the Monthly Period preceding such Payment Date........  $[_]
3.     Recoveries for the preceding Monthly Period..........................................  $[_]
4.     The Defaulted Amount for the preceding Monthly Period................................  $[_]
5.     The total amount of Principal Receivables in the trust at the beginning of the
       preceding Monthly Period.............................................................  $[_]
6.     The total amount of Principal Receivables in the trust as of the last day of the
       preceding Monthly Period.............................................................  $[_]
7.     The total amount of Finance Charge and Administrative Receivables in the Trust as of
       the last day of the preceding Monthly Period is......................................  $[_]
8.     The aggregated Adjusted Invested Amounts of all Series of Notes outstanding as of
       the last day of the preceding Monthly Period.........................................  $[_]
9.     The Transferor Interest as of the last day of the preceding Monthly Period...........  $[_]
10.    The Transferor Percentage as of the last day of the preceding Monthly Period.........           [_]%
11.    The Required Transferor Percentage...................................................           [_]%
12.    The monthly principal payment rate for the preceding Monthly Period..................           [_]%
13.    The balance in the Excess Funding Account as of the last day of the preceding
       Monthly Period.......................................................................  $[_]
14.    The aggregate outstanding balance of the Accounts which were delinquent as of the
       close of business on the last day of the Monthly Period preceding such Payment Date
</TABLE>

<TABLE>
<CAPTION>
                                                    Percentage of  Aggregate
                                                        Total       Account
                                                     Receivables    Balance
                                                    -------------  ---------
<S>                                                 <C>            <C>
(a) Delinquent between 30 days and 59 days               [_]%         $[_]

(b) Delinquent between 60 days and 89 days               [_]%         $[_]

(c) Delinquent between 90 days and 119 days              [_]%         $[_]

(d) Delinquent between 120 days and 149 days             [_]%         $[_]

(e) Delinquent between 150 days and 179 days             [_]%         $[_]

(f) Delinquent 180 days or greater                       [_]%         $[_]
                                                         ---          ----
(e) Aggregate                                            [_]%         $[_]
                                                         ===          ====
</TABLE>

V.    INFORMATION REGARDING SERIES [_]

<TABLE>
<S>                                                                                           <C>
1.     The amount of Principal Receivables in the Trust represented by the Invested Amount
       of Series [_] as of the last day of the related Monthly Period.......................  $[_]
2.     The amount of Principal Receivables in the Trust represented by the Adjusted
       Invested Amount of  Series [_] on the last day of the related Monthly Period.........  $[_]
                                                                                NOTE FACTORS
3.     The amount of Principal Receivables in the Trust represented by the Class A Note
       Principal Balance on the last day of the related Monthly Period .....................  $[_]
4.     The amount of Principal Receivables in the Trust represented by the Class B Note
       Principal Balance on the last day of the related Monthly Period......................  $[_]
</TABLE>

                                  Exhibit C-2
<PAGE>

<TABLE>
<S>                                                                                           <C>      <C>
5.     The amount of Principal Receivables in the Trust represented by the Class C Note
       Principal Balance on the last day of the related Monthly Period .....................  $[_]
6.     The amount of Principal Receivables in the trust represented by the Class D Note
       Principal Balance on the last day of the related Monthly Period......................  $[_]
7.     The Floating Investor Percentage with respect to the period:

               [_][_], 20[_] through [_][_], 20[_]..........................................           [_]%
               [_][_], 20[_] through [_][_], 20[_]..........................................           [_]%
               [_][_], 20[_] through [_][_], 20[_]..........................................           [_]%
8.     The Fixed Investor Percentage with respect to the period:

               [_][_], 20 through [_][_], 20[_].............................................           [_]
               [_][_], 20 through [_][_], 20[_].............................................           [_]
               [_][_], 20 through [_][_], 20[_].............................................           [_]
9.     The amount of Available Finance Charge Collections on deposit in the Collection
       Account on related Payment Date......................................................  $[_]
10.    The Investor Default Amount for the related Monthly Period...........................  $[_]
11.    The Monthly Servicing Fee for the related Monthly Period.............................  $[_]
12.    Trust yields for the related Monthly Period:

       a.      The cash yield for the related Monthly Period................................           [_]%
       b.      The default rate for the related Monthly Period..............................           [_]%
       c.      The Net Portfolio Yield for the related Monthly Period.......................           [_]%
       d.      The Base Rate for the related Monthly Period.................................           [_]%
       e.      The Excess Spread Percentage for the related Monthly Period..................           [_]%
       f.      The Quarterly Excess Spread percentage.......................................           [_]%

               (i) Excess Spread Percentage related to         MM-YY                                   [_]%
               (ii)Excess Spread Percentage related to         MM-YY                                   [_]%
               (iii)Excess Spread Percentage                   related to  MM-YY                       [_]%

13.    Floating Rate Determinations:

       LIBOR for the Interest Period from [_] through and including [_][_], 20[_]...........           [_]%
       LIBOR for the Interest Period from [_] through and including [_][_], 20[_]...........           [_]%

14.    Principal Funding Account............................................................
       a.      The amount on deposit in the Principal Funding Account on the related
               Payment Date (after taking into consideration deposits and withdraws for the
               related Payment Date)........................................................  $[_]
       b.      The Accumulation Shortfall with respect to the related Monthly Period........  $[_]
       c.      The Principal Funding Investment Proceeds deposited in the Collection
               Account to be treated as Available Finance Charge Collections................  $[_]
15.    Reserve Account
       a.      The amount on deposit in the Reserve Account on the related Payment Date
               (after taking into consideration deposits and withdraws for the related
               Payment Date)................................................................  $[_]
       b.      The Reserve Draw Amount for the related Monthly Period deposited into the
               Collection Account to be treated as Available Finance Charge Collections.....  $[_]
       c.      Interest earnings on the Reserve Account deposited into the Collection
               Account to be treated as Available Finance Charge Collections................  $[_]
16.    Cash Collateral Account
       a.      The Required Cash Collateral Account Amount on the related Payment Date......  $[_]
       b.      The Available Cash Collateral Account Amount on the related Payment Date.....  $[_]
</TABLE>

                                  Exhibit C-3
<PAGE>

<TABLE>
<S>                                                                                           <C>
17.    Investor Charge-Offs

       a. The aggregate amount of Investor Charge-Offs for the related Monthly Period......   $[_]
       b. The aggregate amount of Investor Charge-Offs reimbursed on the Payment Date......   $[_]

18.    The Monthly Principal Reallocation Amount for the related Monthly Period............   $[_]
</TABLE>

                                        Advanta Bank Corp.
                                           as Servicer

                                        By:_________________________
                                        Name:
                                        Title:

                                  Exhibit C-4
<PAGE>

                                                                       EXHIBIT D

                     FORM OF MONTHLY SERVICER'S CERTIFICATE

                     ADVANTA BANK CORP. OFFICERS CERTIFICATE

      I, [name], [title] of Advanta Bank Corp. ("ABC") hereby certify that
Advanta Bank Corp. ("ABRC"), as Servicer pursuant to the Advanta Business Card
Master Series [_] Indenture Supplement (the "Agreement") dated as of [_] by and
among Advanta Business Card Master Trust, as issuer (the "Issuer") and Deutsche
Bank Trust Company Americas, as trustee (the "Trustee"). Any terms not defined
herein will have their respective meanings as defined in the Agreement.

      (a) In compliance with Section 5.03 of the Agreement, ABC hereby states
that no Pay Out Event has occurred during the preceding Monthly Period.

      IN WITNESS WHEREOF, I have hereunto set my hand this [_] day of [_],
20[_].

                                        ADVANTA BANK CORP.

                                        By:____________________________________
                                        Name:
                                        Title:

                                  Exhibit D-1
<PAGE>

                                                                       EXHIBIT E

                            FORM OF INVESTMENT LETTER

                                INVESTMENT LETTER

                                     [Date]

[Indenture Trustee]

[Transferor]

[Servicer]

          Re:     Purchase of Advanta Business Card Master Trust,
                  Series [_], Class D Asset Backed Notes

Dear Sirs:

      The undersigned proposes to purchase the Class D Notes identified below
issued by Advanta Business Card Master Trust (the "Issuer"), pursuant to the
Series [_] Indenture Supplement, dated as of [_] (the "Indenture Supplement"),
among the Issuer, Advanta Business Receivables Corp., as transferor (the
"Transferor"), and Advanta Bank Corp., as servicer (the "Servicer") and Deutsche
Bank Trust Company Americas (formerly known as Bankers Trust Company), as
indenture trustee (the "Indenture Trustee"). In connection with our proposed
purchase of such notes we acknowledge, represent, warrant and covenant that:

      1. the Class D Notes will be offered and may be resold only to "qualified
institutional buyers" ("QIBs") pursuant to Rule 144A of the Securities Act of
1933, as amended (the "Securities Act");

      2. the Class D Notes have not been and will not be registered under the
Securities Act or any state or other applicable securities law and the Class D
Notes, or any interest or participation therein, may not be offered, sold,
pledged or otherwise transferred unless registered pursuant to, or exempt from
registration under, the Securities Act and any other applicable securities law;

      3. none of the Owner Trustee, the Indenture Trustee, the Transferor or the
Servicer or any person representing the Owner Trustee, the Indenture Trustee,
the Transferor or the Servicer has made any representation to us with respect to
the Issuer or the offering or sale of any of the Class D Notes, other than the
information contained in the accompanying Private Placement Memorandum, which
has been delivered to us and upon which we are relying in making our investment
decision with respect to the Class D Notes. We have had access to such financial
and other information concerning the Issuer and the Class D Notes as we have
deemed necessary in connection with our decision to purchase such notes;

                                  Exhibit E-1
<PAGE>

      4. we have such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of an investment in the
Class D Notes, and we (and any account for which we are purchasing under
paragraph (8) below) are able to bear the economic risk of an investment in the
Class D Notes;

      5. the Class D Notes will bear a legend to the following effect:

      "THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS
NOTE, OR ANY INTEREST OR PARTICIPATION HEREIN, MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
APPLICABLE LAWS AND ONLY (1) TO THE ISSUER OR ITS AFFILIATES OR (2) PURSUANT TO
RULE 144A UNDER THE SECURITIES ACT TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
UNDER THE SECURITIES ACT (A "QIB") PURCHASING FOR ITS OWN ACCOUNT OR A QIB
PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE,
THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON
RULE 144A UNDER THE SECURITIES ACT. THIS SECURITY WILL NOT BE ACCEPTED FOR
REGISTRATION OF TRANSFER EXCEPT UPON PRESENTATION OF EVIDENCE SATISFACTORY TO
THE TRANSFER AGENT AND REGISTRAR THAT THE RESTRICTIONS ON TRANSFER SET FORTH IN
THE MASTER INDENTURE AND THE INDENTURE SUPPLEMENT HAVE BEEN COMPLIED WITH. THIS
NOTE MAY NOT BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT THE
PRIOR WRITTEN CONSENT OF THE TRANSFEROR AND UNLESS AND UNTIL THE INDENTURE
TRUSTEE, THE TRANSFEROR AND THE SERVICER SHALL HAVE RECEIVED THE CERTIFICATIONS
REQUIRED BY THE MASTER INDENTURE AND THE INDENTURE SUPPLEMENT. THE CLASS D NOTES
ARE ALSO SUBJECT TO RESTRICTIONS ON THE PURCHASE, OWNERSHIP AND DISPOSITION OF
SUCH SECURITIES, INCLUDING THE CONSENT OF THE TRANSFEROR AND THE DELIVERY OF AN
INVESTMENT LETTER. SUCH RESTRICTIONS ARE SET FORTH IN THE MASTER INDENTURE AND
THE INDENTURE SUPPLEMENT, COPIES OF WHICH ARE AVAILABLE FROM THE INDENTURE
TRUSTEE.

      THIS CLASS D NOTE MAY NOT BE SOLD OR TRANSFERRED TO ANY PLAN THAT IS
SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA") OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
"CODE"), TO ANY PERSON ACTING ON BEHALF OF OR WITH "PLAN ASSETS" OF ANY SUCH
PLAN, OR TO ANY OTHER "BENEFIT PLAN INVESTOR" (AS DEFINED IN UNITED STATES
DEPARTMENT OF LABOR REGULATION SECTION 2510.3-101(f)(2)), INCLUDING AN INSURANCE
COMPANY GENERAL ACCOUNT, EXCEPT IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE INDENTURE SUPPLEMENT.

                                  Exhibit E-2
<PAGE>

      THIS CLASS D NOTE MAY NOT BE ACQUIRED, SOLD, TRADED OR TRANSFERRED, NOR
MAY AN INTEREST IN THIS CLASS D NOTE BE MARKETED, ON OR THROUGH (I) AN
"ESTABLISHED SECURITIES MARKET" WITHIN THE MEANING OF SECTION 7704(b)(1) OF THE
CODE AND ANY TREASURY REGULATION THEREUNDER, INCLUDING, WITHOUT LIMITATION, AN
OVER THE-COUNTER-MARKET OR AN INTERDEALER QUOTATION SYSTEM THAT REGULARLY
DISSEMINATES FIRM BUY OR SELL QUOTATIONS OR (II) A "SECONDARY MARKET (OR THE
SUBSTANTIAL EQUIVALENT THEREOF)" WITHIN THE MEANING OF SECTION 7704(b)(2) OF THE
CODE AND ANY TREASURY REGULATION THEREUNDER, INCLUDING A MARKET WHEREIN
INTERESTS IN THE CLASS D NOTES ARE REGULARLY QUOTED BY ANY PERSON MAKING A
MARKET IN SUCH INTERESTS AND A MARKET WHEREIN ANY PERSON REGULARLY MAKES
AVAILABLE BID OR OFFER QUOTES WITH RESPECT TO INTERESTS IN THE CLASS D NOTES AND
STANDS READY TO EFFECT BUY OR SELL TRANSACTIONS AT THE QUOTED PRICES FOR ITSELF
OR ON BEHALF OF OTHERS.

      BEFORE PURCHASING THIS NOTE, PURCHASERS SHOULD CONSULT COUNSEL WITH
RESPECT TO THE AVAILABILITY AND CONDITIONS OF EXEMPTION FROM THE RESTRICTION ON
RESALE OR TRANSFER. NEITHER THE ISSUER NOR THE SELLER OF THIS NOTE HAS AGREED TO
REGISTER THIS NOTE UNDER THE SECURITIES ACT, TO QUALIFY THIS NOTE UNDER THE
SECURITIES LAWS OF ANY STATE OR JURISDICTION OR TO PROVIDE REGISTRATION RIGHTS
TO ANY PURCHASER.

      AS SET FORTH HEREIN, THE OUTSTANDING PRINCIPAL BALANCE OF THIS NOTE AT ANY
TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF."

      Any portion of this legend may be removed or modified if the Transferor,
the Servicer and the Indenture Trustee and the Transfer Agent and Registrar have
received an Opinion of Counsel, in form and substance satisfactory to them, to
the effect that such paragraph may be removed or modified;

      6. if we are acquiring any Class D note, or any interest or participation
therein, as a fiduciary or agent for one or more investor accounts, we have sole
investment discretion with respect to that account and we have full power to
make the acknowledgements, representations and agreements contained herein on
behalf of each of those accounts;

      7. we (1) are a QIB, (2) are aware that the sale to us is being made in
reliance on Rule 144A and if we are acquiring those Class D notes or any
interest or participation therein for the account of another QIB, that such
other QIB is aware that the sale is being made in reliance on Rule 144A and (3)
are acquiring those Class D notes or any interest or participation therein for
our own account or for the account of a QIB;

      8. we are purchasing the Class D notes for our own account, or for one or
more investor accounts for which we are acting as fiduciary or agent, in each
case for investment, and not with a view to, or for offer or sale in connection
with, any distribution thereof in violation of

                                  Exhibit E-3
<PAGE>

the Securities Act, subject to any requirements of law that the disposition of
our property or the property of that investor account or accounts be at all
times within our or their control and subject to our or their ability to resell
those Class D notes, or any interest or participation therein, as described
herein and as provided in the Master Indenture or the Indenture Supplement
relating to the Series [_] Notes;

      9. we agree that if in the future we should offer, sell or otherwise
transfer that Class D note or any interest or participation therein, we will do
so only (A) to the Transferor or an affiliate of the Transferor, or (B) pursuant
to Rule 144A to a person whom we reasonably believe is a QIB in a transaction
meeting the requirements of Rule 144A, purchasing for its own account or for the
account of a QIB, whom we have informed that such offer, sale or other transfer
is being made in reliance on Rule 144A;

      10. the Transferor, the Issuer, the Servicer, the Owner Trustee, the
Indenture Trustee and others will rely on the truth and accuracy of the
foregoing representations, warranties and covenants and we agree that if any of
the foregoing representations, warranties and covenants deemed to have been made
by us are no longer accurate, we shall promptly notify the Transferor, the
Issuer, the Servicer, the Owner Trustee and the Indenture Trustee. We further
agree to use reasonable efforts to produce a replacement investor which is
acceptable to the Transferor to replace us in the event of any such breach
(understanding also that the Transferor shall also have the right to procure a
replacement investor), and agree to take all actions necessary to permit a
replacement investor to succeed to our rights and obligations with respect to
the related Class D note. We acknowledge that the portion of the Tax Opinion to
the effect that the Trust will not be treated as a publicly traded partnership
taxable as a corporation is dependent in part on the accuracy of the
certifications described herein;

      11. we are the beneficial owner for United States federal income tax
purposes and, unless otherwise consented to by the Transferor in its sole
discretion in writing, we are and will remain a "United States person" for such
purposes for so long as we hold any interest in a Class D Note;

      12. by our acceptance of an interest in the Class D Notes, we agree to
treat the Class D Notes for federal, state and local income and franchise tax
purposes as indebtedness of the Transferor;

      13. unless otherwise consented to by the Transferor in its sole discretion
in writing, we are properly classified as, and shall remain classified as, a
"corporation" as described in Section 7701(a)(3) of the Internal Revenue Code of
1986 (the "Code") and are not, and so long as we shall be an owner of Class D
Notes will not become, an "S Corporation" (within the meaning of Section 1361(a)
of the Code) for U.S. federal income tax purposes;

      14. we have not acquired, and shall not sell, trade or transfer any
interest in the Class D Notes, nor cause any interest in the Class D Notes to be
marketed on or through either (i) an "established securities market" within the
meaning of Section 7704(b)(1) of the Code (including an interdealer quotation
system that regularly disseminates firm buy or sell quotations by identified
brokers or dealers by electronic means or otherwise) or (ii) a "secondary market
(or the substantial equivalent thereof)" within the meaning of Code Section
7704(b)(2) (including a

                                  Exhibit E-4
<PAGE>

market wherein interests in the Class D Notes are regularly quoted by any person
making a market in such interests and a market wherein any person regularly
makes available bid or offer quotes with respect to interests in the Class D
Notes and stands ready to effect, buy or sell transactions at the quoted prices
for itself or on behalf of others);

      15.   either [check one]:

            [ ]   we are not, and we are not acquiring the Class D Notes by or
                  on behalf of, or with "plan assets" of, (i) an employee
                  benefit plan (as defined in Section 3(3) of The Employment
                  Retirement Income Security Act of 1974, as amended (" ERISA"),
                  whether or not subject to Title I of ERISA, (ii) a plan
                  described in Section 4975(e)(1) of the Code, (iii) an entity
                  whose underlying assets include "plan assets" by reason of a
                  Plan's investment in us; or (a) a person who is otherwise a
                  "benefit plan investor," as defined in U.S. Department of
                  Labor ("DOL") Regulation Section 2510.3-101 (a "Benefit Plan
                  Investor"), including any insurance company general account or
                  a governmental or foreign plan that is generally not subject
                  to ERISA or Section 4975 of the Code; OR

            [ ]   we are acquiring the Class D Notes and the Class D Notes will
                  be held by or on behalf of, or with "plan assets" of, a Plan
                  or other Benefit Plan Investor and

                  (a) (1) we are purchasing the Class D Notes with assets of an
                  "insurance company general account" (within the meaning of DOL
                  Prohibited Transaction Class Exemption ("PTCE") 95-60 (a
                  "General Account"); (2) our purchase of the Class D Notes is
                  eligible for the exemptive relief afforded under Section I of
                  PTCE 95-60; and (3) less than [_]% (enter a percentage not in
                  excess of 25%) of the assets of the such General Account
                  constitute "plan assets" of Benefit Plan Investors; and

                  (b) after giving effect to our purchase and all other
                  purchases occurring simultaneously therewith, less than 25% of
                  the Class D Notes (excluding Class D Notes held by the
                  servicer or any of its affiliates) will constitute "plan
                  assets" of Benefit Plan Investors;

      16. we represent and warrant and agree with you that (i) our purchase and
holding of Class D Notes will satisfy the ERISA requirements described in
paragraph 15 above and (ii) we will not assign or transfer Class D Notes unless
(a) the proposed assignee or transferee delivers a letter to you evidencing its
agreement to the ERISA representations and covenants in Paragraph

                                  Exhibit E-5
<PAGE>

15 above with respect to its purchase, holding and transfer of Class D Notes and
(b) if we (x) are not (and are not acting on behalf of ) a Benefit Plan
Investor, the assignee or transferee will also not be a Benefit Plan Investor,
or (y) are (or are acting on behalf of) a General Account, the assignee or
transferee will be accurately identified in such letter as either another
General Account or a person who is not (and is not acting on behalf of) a
Benefit Plan Investor;

      17. registration of transfer of any Class D Note or any interest therein
will require delivery of such certificates and other requirements as are
required by the Indenture Supplement, as more specifically set forth therein;
and

      18. transfers of the Class D Notes or any interest or participation
therein shall otherwise be subject in all respects to the restrictions
applicable thereto contained in the Master Indenture or the Indenture
Supplement.

      Capitalized terms used but not defined herein shall have the meanings set
forth in the Indenture Supplement.

                                        Very truly yours,

                                        [NAME OF INVESTOR]

                                        By:____________________________________
                                        Name:
                                        Title:

CLASS D NOTES TO BE PURCHASED

U.S.$[_] aggregate principal amount of Series [_] Class D Asset Backed Notes

                                  Exhibit E-6

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