Document:

EXECUTION VERSION

                       LIMITED LIABILITY COMPANY AGREEMENT

                                       OF

                    GE EQUIPMENT MIDTICKET LLC, SERIES 2006-1

                     (A DELAWARE LIMITED LIABILITY COMPANY)

                             Dated December 14, 2006

                    GE EQUIPMENT MIDTICKET LLC, SERIES 2006-1

          LIMITED LIABILITY COMPANY AGREEMENT dated as of December 14, 2006,
adopted by CEF Equipment Holding, L.L.C., as a member (the "Initial Member").

                              Preliminary Statement

          The Initial Member desires to form a limited liability company under
the Delaware Limited Liability Company Act (currently Chapter 18 of Title 6 of
the Delaware Code), as amended from time to time (the "Act").

          Accordingly, the Initial Member hereby adopts the following as the
"Limited Liability Company Agreement" of the Company within the meaning of
Section 18-101(7) of the Act.

                                    ARTICLE I

          SECTION 1.1 Definitions. Capitalized terms used in this Agreement and
not otherwise defined herein shall have the meanings assigned to such terms in
the "Definitions Addendum" attached to this Agreement and incorporated herein
and shall otherwise have the meanings assigned to such terms in the Act.

                                   ARTICLE II

          SECTION 2.1 Formation. The Company was formed as a limited liability
company pursuant to the provisions of the Act on August 25, 2006 by entry into
this Agreement and by the filing of the Certificate of Formation with the office
of the Secretary of State of Delaware. The Initial Member hereby adopts,
confirms and ratifies said Certificate of Formation and all acts taken in
connection therewith. Yuli Rudin is hereby designated as an "authorized person"
within the meaning of the Act, and has executed, delivered and filed the
Certificate of Formation of the Company with the Secretary of State of the State
of Delaware. Upon the filing of the Certificate of Formation with the Secretary
of State of the State of Delaware, his powers as an "authorized person" ceased,
and the Member thereupon became the designated "authorized person" and shall
continue as the designated "authorized person" within the meaning of the Act.
The Member shall execute, deliver and file any other certificates (and any
amendments and/or restatements thereof) necessary for the Company to qualify to
do business any other jurisdiction in which the Company may wish to conduct
business. The existence of the Company as a separate legal entity shall continue
until cancellation of the Certificate of Formation as provided in the Act.

                                   ARTICLE III

          SECTION 3.1 Name. The name of the Company is GE Equipment Midticket
LLC, Series 2006-1.

                                   ARTICLE IV

          SECTION 4.1 Purpose and Limitations on Activities. The Company shall
limit its purposes and activities to (i) the issuance and sale of Membership
Interests, on the terms and conditions set forth herein; (ii) acquiring (through
purchase or otherwise) from CEF Equipment Holding, L.L.C. or any of its
subsidiaries or affiliates (collectively, the "Seller"), holding, servicing,
transferring and pledging equipment loan and lease receivables, mortgage loans
and receivables and any related rights, documents, assets, and interests
("Assets"); (iii) entering into any agreement providing for the acquisition,
sale, financing, servicing, hedging or transfer of the Assets or interests in
the Assets; (iv) retaining or reacquiring an interest in the Assets; (v) lending
or otherwise investing proceeds from Assets and any other income; and (vi) any
purposes and activities necessary, convenient or incidental to the conduct,
promotion or attainment of the business purposes and activities of the Company
as set forth in clauses (i) through (v) above.

Provided that, in connection with the permitted activities specified above, the
purpose and activities of the Company shall be further limited as follows:

     (vii) the Company may only hold (a) financial assets (as that term is
defined within Statement of Financial Accounting Standards No. 140 and related
Generally Accepted Accounting Principles, as amended) transferred to it from the
Seller (the "Transferred Assets"), (b) cash obtained from collections of the
Financial Assets and temporary cash equivalent investments of that cash pending
distribution, and (c) nonfinancial assets that may be acquired from time to time
in connection with foreclosure and related servicing activities associated with
the financial assets acquired under clause (a) above. Temporary cash investments
are intended to include money market accounts and certificates of deposits with
maturities no later than the next scheduled distribution date;

     (viii) the servicing of assets held by the Company shall be conducted in a
manner that is consistent with the servicing agreement to which the Company
shall become a party coincident with the initial transfer of assets from the
Seller (the "Servicing Agreement");

     (ix) the Company may sell or assign assets only as specified in the
Servicing Agreement; and

     (x) the Company may enter into derivative contracts or hedges that have the
following characteristics: (a) are interest rate swap arrangements, (b) have a
fair value at inception of zero, and (c) commence on a date within 2 days of the
effective date of the receipt by the Company of Transferred Assets.

          SECTION 4.2 Authority. The Company, by or through the Member, or any
Manager on behalf of the Company, may enter into and perform the Indenture,
Transaction Documents and all documents, agreements, certificates, or financing
statements contemplated thereby or related thereto, together with any amendments
or supplements thereto, all without any further act, vote or approval of any
other Person notwithstanding any other provision of this Agreement, the Act or
applicable law, rule or regulation. The foregoing authorization shall not be
deemed a restriction on the powers of the Member or any Manager to enter into
other agreements on behalf of the Company.

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                                   ARTICLE V

          SECTION 5.1 Registered Office; Other Offices. The address of the
registered office of the Company in the State of Delaware is c/o Corporation
Service Company, 2711 Centerville Road, Wilmington, New Castle County, Delaware
19808. The Manager may establish other offices of the Company at such locations
within or outside the State of Delaware as the Initial Member may determine.

                                   ARTICLE VI

          SECTION 6.1 Registered Agent. The name and address of the registered
agent of the Company for service of process on the Company in the State of
Delaware is Corporation Service Company, 2711 Centerville Road, Wilmington, New
Castle County, Delaware, 19808.

                                  ARTICLE VII

          SECTION 7.1 Admission of Members. (a) By execution of this Agreement,
the Initial Member is hereby admitted as a Member of the Company and shall have
a Membership Interest in the Company including, without limitation, such rights
in and to the profits and losses of the Company and rights to receive
distributions of the Company's assets, and such other rights and obligations, as
provided herein.

          (b) Without the consent of any Member or other Person, the Manager may
cause the Company to issue additional Membership Interests and thereby admit a
new Member or new Members, as the case may be, to the Company, only if such new
Member (i) has delivered to the Initial Member its capital contribution, (ii)
has agreed in writing to be bound by the terms of this Agreement by becoming a
party hereto, and (iii) has delivered such additional documentation as the
Initial Member shall reasonably require to so admit such new Member to the
Company.

          SECTION 7.2 Initial Member. The name and the address of the Initial
Member of the Company is as follows:

               CEF Equipment Holding, L.L.C.
               44 Old Ridgeburry Road
               Danbury, Connecticut 06810

                                  ARTICLE VIII

          SECTION 8.1 Management. Subject to Section 16.1, management of the
Company is initially vested in the Initial Member. The Initial Member shall be a
"manager" within the meaning of the Act (a "Manager") until such time as the
Initial Member appoints one or more Managers to replace the Initial Member in
its capacity as manager of the Company. Each Manager shall perform duties, on
behalf of the Company as Manager as set forth in this Agreement and in the Act
and may enter into contracts with Persons on behalf of the Company and engage in
activities on behalf of the Company, including issuing, delivering and executing

                                        3

contracts, agreements and other documents in connection therewith, in each case
in accordance with Section 4.1.

          SECTION 8.2 Managers to Provide Information to the Initial Member. It
shall be the duty of each Manager, to keep the Initial Member reasonably
informed as to material events relating to the Company, including, without
limitation, all claims pending or threatened against the Company and the
execution by such Manager on behalf of the Company of any material agreements or
instruments.

          SECTION 8.3 Accounting and Tax Reports; Tax Matters. (a) The Manager
shall: (a) maintain (or cause to be maintained) the books of the Company on a
calendar year basis on the accrual method of accounting, (b) deliver to each
Member, as may be required by the Code and applicable Treasury Regulations, such
information as may be required (including Schedule K-1) to enable each Member to
prepare its federal, state and local income tax returns, (c) file such tax
returns relating to the Company, and make such elections as may from time to
time be required or appropriate under any applicable state or federal statute or
rule or regulation thereunder so as to maintain the Company's characterization
as a partnership for federal income tax purposes, (d) cause such tax returns to
be signed in the manner required by law and (e) collect or cause to be collected
any withholding tax with respect to income or distributions to Members. The
Manager shall elect under Section 1278 of the Code to include in income
currently any market discount that accrues with respect to the Assets and shall
elect under Section 171 of the Code to amortize any bond premium with respect to
the Assets. The Manager shall not make the election provided under Section 754
of the Code.

          (b) Initial Member shall be designated the "tax matters partner" of
the Company pursuant to Section 6231(a)(7)(A) of the Code and applicable
Treasury Regulations and shall sign on behalf of the Company the tax returns of
the Company.

                                   ARTICLE IX

          SECTION 9.1 Initial Capital Contributions. The initial cash capital
contribution to be made by the Initial Member promptly hereafter is $10,000.

                                    ARTICLE X

          SECTION 10.1 Additional Contributions. (a) The Members shall have no
obligation to make any additional capital contribution to the Company after the
date hereof, but the Initial Member may elect to do so from time to time.

                                   ARTICLE XI

          SECTION 11.1 Distributions. Distributions shall be made to the Members
at the times and in the aggregate amounts determined by the Manager, subject to
the limitations of the Act or other applicable laws.

          SECTION 11.2 Distribution upon Withdrawal. Upon withdrawal, any
withdrawing Member shall not be entitled to receive any distribution and shall
not otherwise be entitled to receive the fair market value of its Membership
Interest.

                                        4

                                   ARTICLE XII

          SECTION 12.1 Transfers. (a) A Member other than the Initial Member may
not Transfer any part of its Membership Interest without the prior written
consent of the Initial Member, such consent not to be unreasonably withheld. Any
purported Transfer of any Membership Interest in contravention of this Section
12.1 shall, to the fullest extent permitted by law, be null and void and of no
force or effect whatsoever. No purchase or transfer of a Membership Interest
will be effective, and neither the Company nor the Initial Member will recognize
any such purchase or transfer, if, after giving effect to such purchase or
transfer, 25% or more of the Membership Interests as determined under 29 C.F.R.
Section 2510.3-101, would be held by Benefit Plan Investors. A purchaser that
is, or is acting on behalf of, an employee benefit plan subject to ERISA or
Section 4975 of the Code or any entity deemed to hold plan assets of either of
the foregoing, will be required to represent and warrant that its investment in
the Membership Interests will not result in a non-exempt prohibited transaction
under ERISA or Section 4975 of the Code (or, in the case of a governmental or
church plan, a violation of any similar federal, state or local law).

          (b) The Initial Member shall admit a transferee of a Member's
Membership Interest to the Company only if such transferee (i) has agreed in
writing to be bound by the terms of this Agreement by becoming a party hereto
and (ii) has delivered such additional documentation as the Initial Member shall
reasonably require to so admit such transferee to the Company. Notwithstanding
anything contained herein to the contrary, both the Company and the Initial
Member shall be entitled to treat the transferee of a Membership Interest as the
absolute owner thereof in all respects, and shall incur no liability for
distributions of cash or other property made in good faith to it, until such
time as a written assignment or other evidence of the consummation of a Transfer
that conforms to the requirements of this Section 12.1 and is reasonably
satisfactory to the Initial Member has been received by the Company. The
effective date of any Transfer permitted under this Agreement shall be the close
of business on the day of receipt thereof by the Company.

          SECTION 12.2 Restrictions on Expulsion. No Member shall be expelled as
a Member under any circumstances.

                                  ARTICLE XIII

          SECTION 13.1 Liability of Members. Except as required by the Act, no
Member or any Manager, agent, shareholder, director, employee or incorporator of
any Member solely by reason of its capacity as such will be liable for the
debts, obligations and liabilities of the Company, whether arising in contract,
tort or otherwise, which debts, obligations and liabilities shall be solely the
debts, obligations and liabilities of the Company or such other Member, as
applicable.

                                   ARTICLE XIV

          SECTION 14.1 Exculpation and Indemnification of Members and Managers.
(a) No Indemnified Party shall be liable to the Company or any Member for any
loss, damage or claim incurred by reason of any act performed or any act omitted
by such Indemnified Party in

                                        5

connection with any matter arising from, or related to, or in connection with
this Agreement or the Company's business or affairs; provided, however, that the
foregoing shall not eliminate or limit the liability of any Indemnified Party if
a judgment or other final adjudication adverse to the Indemnified Party
establishes (i) that the Indemnified Party's acts or omissions were in bad faith
or involved intentional misconduct or a knowing violation of law or (ii) that
the Indemnified Party personally gained in fact a financial profit or other
advantage to which the Indemnified Party was not legally entitled.

          (b) The Company shall, to the fullest extent permitted by the Act,
indemnify and hold harmless, and advance expenses to, each Indemnified Party
against any losses, claims, damages or liabilities to which the Indemnified
Party may become subject in connection with any matter arising from, related to,
or in connection with, this Agreement or the Company's business or affairs;
provided, however, that no indemnification may be made to or on behalf of any
Indemnified Party (and expenses advanced shall be returned) if a judgment or
other final adjudication adverse to the Indemnified Party establishes (i) that
the Indemnified Party's acts were committed in bad faith or were the result of
active and deliberate dishonesty and were material to the cause of action so
adjudicated or (ii) that the Indemnified Party personally gained in fact a
financial profit or other advantage to which the Indemnified Party was not
legally entitled.

          (c) Notwithstanding anything else contained in this Agreement, the
indemnity obligations of the Company under paragraph (b) above shall:

               (i) be in addition to any liability that the Company may
          otherwise have;

               (ii) inure to the benefit of the successors, assigns, heirs and
          personal representatives of each Indemnified Party; and

               (iii) be limited to the assets of the Company.

          (d) This Article XIV shall survive any termination of this Agreement
and the dissolution of the Company.

                                   ARTICLE XV

          SECTION 15.1 Duration and Dissolution. The Company shall be dissolved
and its affairs shall be wound up upon the affirmative vote or written consent
of the Initial Member or as otherwise required by the Act.

                                  ARTICLE XVI

          SECTION 16.1 Bankruptcy. Except by the unanimous consent of all
Members, and Managers, the Company shall not file a voluntary petition in
bankruptcy or otherwise seek relief under Title 11 of the United States Code or
any successor statute thereto, or under any similar applicable state law.

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          SECTION 16.2 Amendments. This Agreement may be amended only by written
instrument executed by the Initial Member, provided that the Rating Agency
Condition is satisfied.

          SECTION 16.3 Headings. The titles of Sections of this Agreement are
for convenience or reference only and shall not define or limit any of the
provisions of this Agreement.

          SECTION 16.4 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING
EFFECT TO CONFLICTS OF LAW PRINCIPLES THEREOF.

          SECTION 16.5 Separability of Provisions. Each provision of this
Agreement shall be considered separable and if for any reason any provision or
provisions herein are determined to be invalid, unenforceable or illegal under
any existing or future law, such invalidity, unenforceability or illegality
shall not impair the operation of or affect those portions of this Agreement
which are valid, enforceable and legal.

          SECTION 16.6 Further Assurances. The Initial Member shall execute and
deliver such further instruments and do such further acts and things as may be
required to carry out the intent and purposes of this Agreement.

          SECTION 16.7 Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original of this
Agreement. Executed counterparts may be delivered electronically.

          SECTION 16.8 Assignment; Third Party Beneficiaries. The parties hereto
acknowledge and agree that the rights of the Company under this Agreement may be
pledged from time to time by the Company to creditors of the Company to secure
the Company's obligations to such creditors. Nothing in this Agreement whether
express or implied, shall be construed to give to any other Person (other than a
party hereto or an Indemnified Party) any legal or equitable right, remedy or
claim under or in respect of this Agreement or any covenants, conditions or
provisions contained herein.

          SECTION 16.9 Notwithstanding any other provision of this Agreement,
each Member agrees that this Agreement constitutes a legal, valid and binding
agreement of such Member, and is enforceable against such Member, in accordance
with its terms.

                               [Signature Follows]

                                        7

          IN WITNESS WHEREOF, the undersigned, intending to be legally bound
hereby, has duly executed this Agreement as of the date first above written.

                                         CEF EQUIPMENT HOLDING, L.L.C.,
                                         as Member

                                         By:
                                             -----------------------------------
                                             Name: Charles E. Rhodes
                                             Title: Vice President and Secretary

                                                            Issuer LLC Agreement

                              DEFINITIONS ADDENDUM
                                     TO THE
                       LIMITED LIABILITY COMPANY AGREEMENT

          "Act" is defined in the Preliminary Statement.

          "Affiliate" means, with respect to any Person, any Person or group of
Persons acting in concert in respect of the Person in question that, directly or
indirectly, controls or is controlled by or is under common control with such
Person. For the purposes of this definition, "control" (including, with
correlative meaning, the terms "controlled by" and "under common control with")
as used with respect to any Person or group of Persons, shall mean the power to
direct or cause the direction of the management and policies of such Person,
whether through the ownership of voting securities, by contract or otherwise.

          "Agreement" means this Limited Liability Company Agreement, as amended
from time to time.

          "Amounts Available for Distribution" means on each Distribution Date
all funds received by the Company from whatever source after the payment of all
interest, principal and other debt payments made by the Company on such
Distribution Date and any other obligations of the Company payable on such
Distribution Date.

          "Asset" is defined in Section 4.1.

          "Benefit Plan Investor" means an "employee benefit plan" within the
meaning of Section 3(3) of ERISA (whether or not subject to ERISA, and
including, without limitation, foreign or government plans), a "plan" described
in Section 4975(e)(1) of the Code, or any entity deemed to hold "plan assets" of
any of the foregoing by reason of investment by an "employee benefit plan" or
"plan" in the entity.

          "Business Day" means any day that is not a Saturday, Sunday or a day
on which banks are required or permitted to be closed in the State of New York
or the State of Connecticut.

          "Certificate of Formation" means the Certificate of Formation of the
Company, as amended from time to time.

          "Code" means the Internal Revenue Code of 1986, as amended from time
to time, and Treasury Regulations promulgated thereunder.

          "Company" means GE Equipment Midticket LLC, Series 2006-1, a Delaware
limited liability company.

          "Distribution Date" means the 15th day of each calendar month, or, if
such day is not a Business Day, the next Business Day, commencing on January 16,
2007.

          "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time and any regulations promulgated thereunder.

          "Indemnified Party" means a Member, Manager, employee, organizer or
agent of the Company or any officer, agent, shareholder, director, employee or
incorporator of the Initial Member.

          "Indenture" means the Indenture, dated December 14, 2006, between the
Company The Bank of New York, as the Indenture Trustee thereunder, as the same
may be amended and supplemented from time to time.

          "Initial Member" has the meaning assigned in the preamble.

          "Manager" is defined in Section 8.1.

          "Member" means the Initial Member and any Person that is admitted as a
member of the Company, in each case for so long as such Person continues to be a
member of the Company, in such Person's capacity as a member of the Company.

          "Membership Interest" means the entire limited liability company
interest of a Member in the Company at any particular time, including the right
of a Member to any and all benefits to which a Member may be entitled as
provided in this Agreement, together with the obligations of such member to
comply with all the terms and provisions of this Agreement. A Membership
Interest may be represented by a certificate.

          "Person" means an individual, partnership corporation (including a
business trust), limited liability company, joint stock company, trust,
association, joint venture, government or any agency or political subdivision
thereof or any other entity of whatever nature.

          "Rating Agency Condition" means, with respect to any action, that each
rating agency rating any notes issued by the Company shall have been given prior
notice thereof and that each of the rating agencies shall have notified the
Company and The Bank of New York as the Indenture Trustee in writing that such
action will not result in a reduction or withdrawal of the then current rating
of any such class of the notes.

          "Seller" is defined in Section 4.1.

          "Transaction Documents" means this Agreement, the Related Documents as
defined in the Indenture and all documents and certificates contemplated thereby
or delivered in connection therewith.

          "Transfer" means, (i) as a noun, any transfer, sale, assignment,
exchange, charge, pledge, gift, hypothecation, conveyance, encumbrance or other
disposition whether direct or indirect, voluntary or involuntary, by operation
of law or otherwise and, (ii) as a verb, directly or indirectly, voluntarily or
involuntarily, by operation of law or otherwise, to transfer, sell, assign,
exchange, charge, pledge, give, hypothecate, convey, encumber or otherwise
dispose of.

          "Treasury Regulations" means regulations, including proposed or
temporary regulations, promulgated under the Code.

                                                            Issuer LLC Agreement

                        FORM OF CERTIFICATE OF FORMATION

                                       OF

                    GE EQUIPMENT MIDTICKET LLC, SERIES 2006-1

     This Certificate of Formation of GE Equipment Midticket LLC, Series 2006-1,
dated as of August 25, 2006, has been duly executed and is being filed by Yuli
Rudin, as an authorized person, to form a limited liability company under the
Delaware Limited Liability Company Act (6 Del.C.Section 18-101, et seq.).

1.   The name of the limited liability company is GE Equipment Midticket LLC,
     Series 2006-1 (the "LLC").

2.   The address of the registered office of the LLC in the State of Delaware is
     2711 Centerville Road, in the City of Wilmington, County of New Castle,
     Delaware 19808. The name of the registered agent of the LLC at such address
     is Corporation Service Company.

3.   The name and address of the registered agent for service of process on the
     LLC in the State of Delaware is Corporation Service Company, 2711
     Centerville Road, County of New Castle, Wilmington, Delaware 19808.

4.   The period of duration of the LLC is perpetual unless otherwise dissolved
     in accordance with the Limited Liability Company Agreement of the LLC.

5.   This Certificate of Formation shall be effective as of its filing.

     IN WITNESS WHEREOF, the undersigned has executed this Certificate of
Formation of the LLC this 25th day of August 2006.

                                         By:
                                             -----------------------------------
                                             Name: Yuli Rudin
                                             Title: Authorized Person

                                                            Issuer LLC AgreementEXECUTION VERSION

                               LOAN SALE AGREEMENT

                               December 14, 2006,

                                     between

                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                   as Seller,

                                       and

                         CEF EQUIPMENT HOLDING, L.L.C.,
                                  as Purchaser

                                                             Loan Sale Agreement

     This LOAN SALE AGREEMENT ("Agreement" or "Sale Agreement") is entered into
as of December 14, 2006 by and between GENERAL ELECTRIC CAPITAL CORPORATION, a
Delaware corporation ("GE Capital" or the "Seller") and CEF EQUIPMENT HOLDING,
L.L.C., a Delaware limited liability company (the "Purchaser").

     In consideration of the premises and the mutual covenants hereinafter
contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

                                    ARTICLE I

                         DEFINITIONS AND INTERPRETATION

     Section 1.1 Definitions. Capitalized terms used herein and not otherwise
defined shall have the meanings ascribed to them in Section 1 of Annex A to this
Agreement.

     Section 1.2 Rules of Construction. For purposes of this Agreement, the
rules of construction set forth in Section 2 of Annex A shall govern. All
Annexes, Exhibits and Schedules hereto, are incorporated herein by reference
and, taken together with this Agreement, shall constitute but a single
agreement.

                                   ARTICLE II

                               SALES OF CEF ASSETS

     Section 2.1 Sale of Loans. (a) Subject to the terms and conditions hereof
the Seller does hereby sell, transfer, assign, set over and otherwise convey to
the Purchaser, without recourse (subject to the obligations herein) all right,
title and interest of the Seller in:

          (i)   the Loans, including the Loan Files, and all obligations of the
                Obligors thereunder, including the right to payment of any
                interest accrued and to accrue from and after December 1, 2006
                or finance charges and other obligations of such Obligor with
                respect thereto due or to become due on or after the Cutoff
                Date;

          (ii)  all Related Security and Collections with respect thereto;

          (iii) all other property now or hereafter in the possession or custody
                of, or in transit to, the Issuer, the Servicer, any Sub-Servicer
                or the Seller relating to any of the foregoing;

          (iv)  all Records with respect to any of the foregoing; and

          (v)   all proceeds of the foregoing (collectively the "CEF Assets").

          (b) On or before the Closing Date, the Seller shall (i) indicate in
     its computer files that the CEF Assets have been sold to the Purchaser
     pursuant to this Agreement by

                                                             Loan Sale Agreement

     so identifying such CEF Assets with an appropriate notation and (ii)
     deliver to the Purchaser or its designee the following documents
     (collectively, the "Loan Files"):

          (i)   the original fully executed copy of the Loan;

          (ii)  a record or facsimile of the original credit application fully
                executed by the Obligor;

          (iii) the original certificate of title or file stamped copy of the
                UCC financing statement or such other documents evidencing the
                security interest of the Purchaser in the Equipment; and

          (iv)  any and all other documents relating to a Loan, an Obligor or
                any of the Equipment.

     Section 2.2 Grant of Security Interest. The parties hereto intend that the
sale pursuant to Section 2.1 hereof shall constitute a purchase and sale and not
a loan. Notwithstanding anything to the contrary set forth in this Section 2.2,
if a court of competent jurisdiction determines that the sale provided for
herein constitutes a loan and not a purchase and sale, then the parties hereto
intend that this Agreement shall constitute a security agreement under
applicable law and that the Seller shall be deemed to have granted, and the
Seller hereby grants, to the Purchaser a first priority lien and security
interest in and to all of the Seller's right, title and interest in, to and
under the CEF Assets sold and transferred by the Seller on the Closing Date. The
possession by the Purchaser of notes and such other goods, money, documents,
chattel paper or certificated securities shall be deemed to be "possession by or
delivery to secured party" for purposes of perfecting the security interest
pursuant to the UCC in force in the relevant jurisdiction (including, without
limitation, Section 9-313(c)(1) thereof). Notifications to persons holding such
property, and acknowledgments, receipts or confirmations from persons holding
such property, shall be deemed notifications to, or acknowledgments, receipts or
confirmations from, bailees or agents (as applicable) of the Purchaser for the
purpose of perfecting such security interest under applicable law (except that
nothing in this sentence shall cause any Person to be deemed to be an agent of
the Purchaser for any purpose other than for perfection of such security
interest unless, and then only to the extent, expressly appointed and authorized
by the Purchaser in writing).

     Section 2.3 Sale Price. (a) As consideration for the sale of the CEF Assets
pursuant to Section 2.1 hereof, the Purchaser shall pay to the Seller on the
Closing Date, the CEF Cash Purchase Price for the CEF Assets sold and
transferred by the Seller to the Purchaser on the Closing Date. The CEF Cash
Purchase Price for the sale of CEF Assets shall be an amount equal to the fair
market value thereof as agreed upon by the Purchaser and the Seller prior to
such sale.

          (b) The CEF Cash Purchase Price for the CEF Assets sold by the Seller
     under this Agreement shall be payable in full in cash by the Purchaser on
     the Closing Date. On the Closing Date, the Purchaser shall, upon
     satisfaction of the applicable conditions set forth in Article III, make
     available to the Seller the CEF Cash Purchase Price in same day funds.

                                        2                    Loan Sale Agreement

                                   ARTICLE III

                              CONDITIONS PRECEDENT

     Section 3.1 Conditions to Sale. The sale hereunder shall be subject to
satisfaction of each of the following conditions precedent (any one or more of
which, except clause (e) below, may be waived in writing by the Purchaser) as of
the Closing Date:

          (a) This Agreement or counterparts hereof shall have been duly
     executed by, and delivered to, the Seller and the Purchaser, and the
     Purchaser shall have received such documents, instruments, agreements and
     legal opinions as the Purchaser shall reasonably request in connection with
     the transactions contemplated by this Agreement, each in form and substance
     reasonably satisfactory to the Purchaser.

          (b) The Purchaser shall have received satisfactory evidence that the
     Seller has obtained all required consents and approvals of all Persons,
     including all requisite Governmental Authorities, to the execution,
     delivery and performance of this Agreement and the consummation of the
     transactions contemplated hereby.

          (c) The Seller shall be in compliance in all material respects with
     all applicable foreign, federal, state and local laws and regulations,
     including those specifically referenced in Section 4.2(c), except to the
     extent that the failure to so comply, individually or in the aggregate,
     could not reasonably be expected to have a Material Adverse Effect.

          (d) The representations and warranties of the Seller contained herein
     or in any other Related Document shall be true and correct in all material
     respects (or, to the extent any such representation or warranty is
     qualified by a materiality standard, such representation or warranty shall
     be true and correct) as of the Closing Date, both before and after giving
     effect to such sale, except to the extent that any such representation or
     warranty expressly relates to an earlier date and except for changes
     therein expressly permitted by this Agreement.

          (e) At the time of such sale, the Purchaser shall have sufficient
     funds on hand to pay the CEF Cash Purchase Price.

          (f) The Seller shall be in compliance with each of its covenants and
     other agreements set forth herein.

          (g) The Seller shall have taken such other action, including delivery
     of approvals, consents, opinions, documents and instruments to the
     Purchaser as the Purchaser may reasonably request.

The consummation by the Seller of the sale of CEF Assets on the Closing Date
shall be deemed to constitute, as of the Closing Date, a representation and
warranty by the Seller that the conditions in clauses (d), (f) and (g) of this
Section 3.1 have been satisfied.

                                        3                    Loan Sale Agreement

                                   ARTICLE IV

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

     Section 4.1 Representations and Warranties of the Seller. To induce the
Purchaser to purchase the CEF Assets, the Seller makes the following
representations and warranties to the Purchaser, as of the Closing Date, each
and all of which shall survive the execution and delivery of this Agreement.

          (a) Corporate Existence; Power and Authority. The Seller (i) is a
     corporation duly organized, validly existing and in good standing under the
     laws of its jurisdiction of organization; and (ii) has all requisite power
     and authority and licenses to conduct its business, to own its properties
     and to execute, deliver and perform its obligations under this Agreement.

          (b) UCC Information. The true legal name of the Seller as registered
     in the jurisdiction of its organization, and the current location of the
     Seller's jurisdiction of organization are set forth in Schedule 4.1(b) and
     such location has not changed within the past 12 months with respect to the
     Seller. During the prior five years, except as set forth in Schedule
     4.1(b), the Seller has not been known as or used any corporate, fictitious
     or trade name. In addition, Schedule 4.1(b) lists the Seller's (i) federal
     employer identification number and (ii) organizational identification
     number as designated by the jurisdiction of its organization.

          (c) Authorization, Compliance with Law. The execution, delivery and
     performance by the Seller of this Agreement and the other Related Documents
     and the creation and perfection of all Liens and ownership interests
     provided for herein: (i) have been duly authorized by all necessary
     corporate action, and (ii) do not violate any provision of any law or
     regulation of any Governmental Authority, or contractual or corporate
     restrictions, binding on the Seller, except where such violations,
     individually or in the aggregate, could not reasonably be expected to have
     a Material Adverse Effect.

          (d) Enforceability. On or prior to the Closing Date, each of the
     Related Documents to which the Seller is a party shall have been duly
     executed and delivered by the Seller and each such Related Document shall
     then constitute a legal, valid and binding obligation of the Seller,
     enforceable against it in accordance with its terms, subject as to
     enforcement to bankruptcy, receivership, conservatorship, insolvency,
     reorganization, moratorium and other similar laws of general applicability
     relating to or affecting creditors' rights and to general principles of
     equity.

          (e) Solvency. The Seller is Solvent.

          (f) Use of Proceeds. No proceeds received by the Seller under this
     Agreement will be used by it for any purpose that violates Regulation U of
     the Federal Reserve Board.

                                        4                    Loan Sale Agreement

          (g) Investment Company Act. The Seller is not an "investment company"
     or "controlled by" an "investment company," as such terms are defined in
     the Investment Company Act.

          (h) Loans and Other CEF Assets. With respect to each Loan and the
     other CEF Assets sold by the Seller on the Closing Date, the Seller
     represents and warrants that (i) such Loan satisfies the criteria for an
     Eligible Loan as of the Cut-Off Date; (ii) immediately prior to sale to the
     Purchaser, such CEF Assets were owned by the Seller free and clear of any
     Adverse Claim, and the Seller has had at all relevant times the full right,
     power and authority to sell, contribute, assign, transfer and pledge its
     interest therein as contemplated under this Agreement and, upon such sale,
     the Purchaser will acquire valid and properly perfected title to, and the
     sole record and beneficial ownership interest in, such CEF Assets, free and
     clear of any Adverse Claim or restrictions on transferability, and the
     Liens granted to the Purchaser by the Seller pursuant to Section 2.2 will
     at all times be fully perfected first priority Liens in and to such Loans
     and, in addition, following such sale, such Loan will not be subject to any
     Adverse Claim as a result of any action or inaction on the part of the
     Seller (or any predecessor in interest); and (iii) if such Loan is
     cross-collateralized with a loan that is not a CEF Asset conveyed
     hereunder, as of the Closing Date, either (x) the repossession or exercise
     of other rights with respect to the related Equipment by the holder of such
     loan would not materially impair the security intended to be afforded for
     such Loan and result in a material adverse effect on the holders of the
     Notes or (y) the holder of such loan and the Purchaser or its assigns as
     holder of the Loan have entered into an intercreditor arrangement under
     which each holder has agreed to subordinate its respective lien and rights
     of enforcement against the Equipment financed by the other holder or its
     predecessor in interest.

The representations and warranties described in this Section 4.1 shall survive
the sale of the CEF Assets to the Purchaser, any subsequent assignment or sale
of the CEF Assets by the Purchaser, and the termination of this Agreement and
the other Related Documents and shall continue until the payment in full of all
CEF Assets.

     Section 4.2 Affirmative Covenants of the Seller. The Seller covenants and
agrees that, unless otherwise consented to by the Purchaser, from and after the
Closing Date:

          (a) Records. The Seller shall at its own cost and expense, for not
     less than three years from the date on which each Loan was originated, or
     for such longer period as may be required by law, maintain adequate Records
     with respect to such Loan, including records of all payments received,
     credits granted and merchandise returned with respect thereto.

          (b) Access. At any reasonable time, and from time to time at the
     Purchaser's reasonable request, and upon at least seven days prior notice
     to the Seller, the Seller shall permit the Purchaser (or such Person as the
     Purchaser may designate), at the expense of the Purchaser (or such Person
     as the Purchaser may designate), to conduct audits or visit and inspect any
     of the properties of the Seller to examine the records, internal controls
     and procedures maintained by the Seller with respect to the CEF Assets and
     take copies and extracts therefrom, and to discuss the Seller's affairs
     with its officers, employees and,

                                        5                    Loan Sale Agreement

     upon notice to the Seller, independent accountants. The Seller shall
     authorize such officers, employees and independent accountants to discuss
     with the Purchaser (or such Person as the Purchaser may designate) the
     affairs of the Seller as such affairs relate to the CEF Assets. Any audit
     provided for herein shall be conducted in accordance with the Seller's
     rules respecting safety and security on its premises and without materially
     disrupting operations. If an Event of Default shall have occurred and be
     continuing, the Seller shall provide such access at all times and without
     advance notice and shall provide the Purchaser (or such Person as the
     Purchaser may designate) with access to its suppliers and customers.

          (c) Compliance With Agreements and Applicable Laws. The Seller shall
     comply with all federal, state and local laws and regulations applicable to
     it and the CEF Assets, including those relating to truth in lending, fair
     credit billing, fair credit reporting, equal credit opportunity, fair debt
     collection practices, privacy, licensing and taxation, except to the extent
     that the failure to so comply, individually or in the aggregate, could not
     reasonably be expected to have a Material Adverse Effect.

          (d) Maintenance of Existence and Conduct of Business. The Seller shall
     preserve and maintain its corporate existence, rights, franchise and
     privileges in the jurisdiction of its incorporation.

          (e) Notice of Material Event. The Seller shall promptly inform the
     Purchaser in writing of the occurrence of any of the following, in each
     case setting forth the details thereof and what action, if any, the Seller
     proposes to take with respect thereto:

          (i)  any Litigation commenced, or to the knowledge of the Seller,
               threatened against the Seller or with respect to or in connection
               with all or any substantial portion of the CEF Assets or
               developments in such Litigation in each case that the Seller
               believes has a reasonable risk of being determined adversely to
               the Seller and that could, if determined adversely, have a
               Material Adverse Effect; or

          (ii) the commencement of a case or proceeding by or against the Seller
               seeking a decree or order in respect of the Seller (A) under the
               Bankruptcy Code or any other applicable federal, state or foreign
               bankruptcy or other similar law, (B) appointing a custodian,
               receiver, liquidator, assignee, trustee or sequestrator (or
               similar official) for the Seller or for any substantial part of
               the Seller's assets, or (C) ordering the winding-up or
               liquidation of the affairs of the Seller.

          (f) Separate Identity. The Seller shall, to the extent applicable to
     it, act in a manner that is consistent with the statements set forth in
     Exhibit 4.2(f).

          (g) Deposit of Collections. The Seller shall transfer and cause its
     Subsidiaries to transfer to the Purchaser or the Servicer on its behalf,
     promptly, and in any event no later than the second Business Day after
     receipt thereof, all Collections it may receive in respect of CEF Assets.

                                        6                    Loan Sale Agreement

          (h) Sale Characterization. For accounting purposes, the Seller shall
     treat the sale made hereunder as a sale of the CEF Assets. The Seller shall
     also maintain its accounting books and records in a manner which clearly
     reflects such sale of the CEF Assets to the Purchaser.

          Section 4.3 Negative Covenants of the Seller. The Seller covenants and
agrees that, without the prior written consent of the Purchaser, from and after
the Closing Date and until the later of the Redemption Date or the Class C
Maturity Date:

          (a) Adverse Claims. The Seller shall not create, incur, assume or
     permit to exist any Adverse Claim on or with respect to any CEF Assets.

          (b) UCC Matters. The Seller shall not change its state of organization
     or incorporation or its name, identity or corporate structure such that any
     financing statement filed to perfect the Purchaser's interests under this
     Agreement would become seriously misleading, unless the Seller shall have
     given the Purchaser not less than 30 days' prior written notice of such
     change.

          (c) No Proceedings. From the Closing Date and until the date one year
     plus one day following the date on which all amounts due with respect to
     the Notes have been paid in full in cash, the Seller shall not, directly or
     indirectly, institute or cause to be instituted against the Purchaser any
     bankruptcy, reorganization, arrangement, insolvency or liquidation
     proceeding or other proceeding under any federal or state bankruptcy or
     similar law; provided that the foregoing shall not in any way limit the
     Seller's right to pursue any other creditor rights or remedies that the
     Seller may have under applicable law.

                                    ARTICLE V

                                 INDEMNIFICATION

          Section 5.1 Indemnification. Without limiting any other rights that
the Purchaser or any of its Stockholders, officers, directors, employees,
attorneys, agents or representatives (each, a "Purchaser Indemnified Person")
may have hereunder or under applicable law, the Seller hereby agrees to
indemnify and hold harmless each Purchaser Indemnified Person from and against
any and all Indemnified Amounts that may be claimed or asserted against or
incurred by any such Purchaser Indemnified Person to the extent arising from or
related to the failure of a Loan sold and transferred by the Seller to be
originated in compliance with all requirements of law; provided, that the Seller
shall not be liable for any indemnification to a Purchaser Indemnified Person to
the extent that any such Indemnified Amounts result from (a) such Purchaser
Indemnified Person's bad faith, gross negligence or willful misconduct, (b)
recourse for uncollectible Loans, or (c) any income tax or franchise tax
incurred by any Purchaser Indemnified Person, except to the extent that the
incurrence of any such tax results from a breach of or default by the Seller
under this Agreement.

NEITHER PARTY TO THIS AGREEMENT SHALL BE RESPONSIBLE OR LIABLE TO THE OTHER
PARTY TO THIS AGREEMENT, ANY SUCCESSOR, ASSIGNEE OR

                                        7                    Loan Sale Agreement

THIRD PARTY BENEFICIARY OF SUCH PERSON OR ANY OTHER PERSON ASSERTING CLAIMS
DERIVATIVELY THROUGH SUCH PARTY, FOR INDIRECT, PUNITIVE, EXEMPLARY OR
CONSEQUENTIAL DAMAGES THAT MAY BE ALLEGED AS A RESULT OF ANY TRANSACTION
CONTEMPLATED HEREUNDER.

                                   ARTICLE VI

                                  MISCELLANEOUS

          Section 6.1 Notices. Except as otherwise provided herein, whenever it
is provided herein that any notice, demand, request, consent, approval,
declaration or other communication shall or may be given to or served upon any
of the parties by any other parties, or whenever any of the parties desires to
give or serve upon any other parties any communication with respect to this
Agreement, each such notice, demand, request, consent, approval, declaration or
other communication shall be in writing and shall be deemed to have been validly
served, given or delivered (a) upon the earlier of actual receipt and three
Business Days after deposit in the United States mail, registered or certified
mail, return receipt requested, with proper postage prepaid, (b) upon
transmission, when sent by telecopy or other similar facsimile transmission
(with such telecopy or facsimile promptly confirmed by delivery of a copy by
personal delivery or United States mail as otherwise provided in this Section
6.1), (c) one Business Day after deposit with a reputable overnight courier with
all charges prepaid or (d) when delivered, if hand-delivered by messenger, all
of which shall be addressed to the party to be notified and sent to the address
or facsimile number set forth below or to such other address (or facsimile
number) as may be substituted by notice given as herein provided. The giving of
any notice required hereunder may be waived in writing by the party entitled to
receive such notice. Failure or delay in delivering copies of any notice,
demand, request, consent, approval, declaration or other communication to any
Person (other than Purchaser) designated in any written communication provided
hereunder to receive copies shall in no way adversely affect the effectiveness
of such notice, demand, request, consent, approval, declaration or other
communication. Notwithstanding the foregoing, whenever it is provided herein
that a notice is to be given to any other party hereto by a specific time, such
notice shall be effective only if actually received by such party prior to such
time, and if such notice is received after such time or on a day other than a
Business Day, such notice shall be effective only on the immediately succeeding
Business Day.

          If to the Seller:

               General Electric Capital Corporation
               10 Riverview Drive
               Danbury, Connecticut  06810
               Attention: General Counsel
               Telephone: (203) 749-6000
               Facsimile: (203) 749-4598

                                        8                    Loan Sale Agreement

          If to Purchaser:

               CEF Equipment Holding, L.L.C.
               44 Old Ridgebury Road
               Danbury, CT  06810
               Attention: Capital Markets Operations
               Telephone: (203) 796-5518
               Facsimile: (203) 796-5554

          Section 6.2 No Waiver; Remedies. (a) Any party's failure, at any time
or times, to require strict performance by any other party hereto of any
provision of this Agreement shall not waive, affect or diminish any right of
such party thereafter to demand strict compliance and performance herewith. Any
suspension or waiver of any breach or default hereunder shall not suspend, waive
or affect any other breach or default whether the same is prior or subsequent
thereto and whether of the same or a different type. None of the undertakings,
agreements, warranties, covenants and representations of any party contained in
this Agreement, and no breach or default by any party hereunder, shall be deemed
to have been suspended or waived by any other party hereto unless such waiver or
suspension is by an instrument in writing signed by an officer of or other duly
authorized signatory of such party and directed to the defaulting party
specifying such suspension or waiver.

          (b) Upon discovery by the Seller or the Purchaser of any breach of any
     representation, warranty, undertaking or covenant described in Sections
     4.1, 4.2 or 4.3, which breach is reasonably likely to have a Material
     Adverse Effect, the party discovering the same shall give prompt written
     notice thereof to the other party hereto. As liquidated damages, the
     Purchaser shall, on the Transfer Date relating to the Collection Period
     during which the breach is discovered, request the Seller to, and the
     Seller shall pay to, or at the direction of, the Purchaser the Purchase
     Amount for the applicable CEF Assets (measured at the end of the Collection
     Period during which such breach is discovered). Upon such payment, all
     rights, title and interest of the Purchaser in and to such CEF Assets will
     be deemed to be automatically released without the necessity of any further
     action by the Purchaser, the Seller or any other party and such CEF Assets
     will become the property of the Seller.

          (c) Each party's rights and remedies under this Agreement shall be
     cumulative and nonexclusive of any other rights and remedies that such
     party may have under any other agreement, including the other Related
     Documents, by operation of law or otherwise.

          Section 6.3 Successors and Assigns. This Agreement shall be binding
upon and shall inure to the benefit of the Seller and the Purchaser and their
respective successors and permitted assigns, except as otherwise provided
herein. The Seller may not assign, transfer, hypothecate or otherwise convey its
rights, benefits, obligations or duties hereunder without the prior express
written consent of the Purchaser. Any such purported assignment, transfer,
hypothecation or other conveyance by the Seller without the prior express
written consent of the Purchaser shall be void. The Seller acknowledges that
under the Purchase and Sale Agreement the Purchaser will assign its rights
granted hereunder to the Issuer, and upon such assignment, the Issuer shall

                                        9                    Loan Sale Agreement

have, to the extent of such assignment, all rights of the Purchaser hereunder
and the Issuer may in turn transfer such rights. The terms and provisions of
this Agreement are for the purpose of defining the relative rights and
obligations of the Seller and the Purchaser with respect to the transactions
contemplated hereby and no Person shall be a third-party beneficiary of any of
the terms and provisions of this Agreement.

          Section 6.4 Termination; Survival of Obligations. (a) This Agreement
shall create and constitute the continuing obligations of the parties hereto in
accordance with its terms, and shall remain in full force and effect until the
earlier of (i) the Class C Maturity Date or (ii) the Redemption Date.

          (b) Except as otherwise expressly provided herein or in any other
     Related Document, no termination or cancellation (regardless of cause or
     procedure) of any commitment made by the Purchaser under this Agreement
     shall in any way affect or impair the obligations, duties and liabilities
     of the Seller or the rights of the Purchaser relating to any unpaid portion
     of any and all recourse and indemnity obligations of the Seller to the
     Purchaser, due or not due, liquidated, contingent or unliquidated or any
     transaction or event occurring prior to such termination, or any
     transaction or event, the performance of which is required after the Class
     C Maturity Date. Except as otherwise expressly provided herein or in any
     other Related Document, all undertakings, agreements, covenants, warranties
     and representations of or binding upon the Seller, and all rights of the
     Purchaser hereunder shall not terminate or expire, but rather shall survive
     any such termination or cancellation and shall continue in full force and
     effect until the earlier of (i) the Class C Maturity Date or (ii) the
     Redemption Date; provided, that the rights and remedies pursuant to Section
     6.2(b), the indemnification and payment provisions of Article V, and the
     provisions of Sections 4.3(c), 6.3 and 6.12 shall be continuing and shall
     survive any termination of this Agreement.

          Section 6.5 Complete Agreement; Modification of Agreement. This
Agreement constitutes the complete agreement between the parties with respect to
the subject matter hereof, supersedes all prior agreements and understandings
relating to the subject matter hereof and thereof, and may not be modified,
altered or amended except as set forth in Section 6.6.

          Section 6.6 Amendments and Waivers. No amendment, modification,
termination or waiver of any provision of this Agreement, or any consent to any
departure therefrom by any party hereto, shall in any event be effective unless
the same shall be in writing and signed by each of the parties hereto and their
respective permitted successors and assigns. No consent or demand in any case
shall, in itself, entitle any party to any other consent or further notice or
demand in similar or other circumstances.

          Section 6.7 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY
TRIAL. (a) THIS AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL
RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE
GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF
THE STATE OF NEW YORK (WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS THEREOF
EXCEPT SECTION 5-1401 OF THE GENERAL

                                       10                    Loan Sale Agreement

OBLIGATION LAW) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

          (b) EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR
     FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL
     HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES
     BETWEEN THEM PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF
     OR RELATING TO THIS AGREEMENT; PROVIDED, THAT EACH PARTY HERETO
     ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A
     COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY;
     PROVIDED FURTHER, THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE
     TO PRECLUDE THE PURCHASER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION
     IN ANY OTHER JURISDICTION TO REALIZE ON THE CEF ASSETS OR ANY SECURITY FOR
     THE OBLIGATIONS OF THE SELLER ARISING HEREUNDER OR TO ENFORCE A JUDGMENT OR
     OTHER COURT ORDER IN FAVOR OF THE PURCHASER. EACH PARTY HERETO SUBMITS AND
     CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN
     ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION THAT SUCH
     PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR
     FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR
     EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO
     HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS
     ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS,
     COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL
     ADDRESSED TO SUCH PARTY AT ITS ADDRESS DETERMINED IN ACCORDANCE WITH
     SECTION 6.1 AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE
     EARLIER OF SUCH PARTY'S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT
     IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING IN THIS SECTION
     SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY
     OTHER MANNER PERMITTED BY LAW.

          (c) BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL
     TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED
     AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO
     APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR
     DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE,
     TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND
     OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY

                                       11                    Loan Sale Agreement

     JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE,
     WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED
     WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM
     IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

          Section 6.8 Counterparts. This Agreement may be executed in any number
of separate counterparts, each of which shall collectively and separately
constitute one agreement.

          Section 6.9 Severability. Wherever possible, each provision of this
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Agreement shall be prohibited
by or invalid under applicable law, such provision shall be ineffective only to
the extent of such prohibition or invalidity without invalidating the remainder
of such provision or the remaining provisions of this Agreement.

          Section 6.10 Section Titles. The section titles and table of contents
contained in this Agreement are provided for ease of reference only and shall be
without substantive meaning or content of any kind whatsoever and are not a part
of the agreement between the parties hereto.

          Section 6.11 No Setoff. The Seller's obligations under this Agreement
shall not be affected by any right of setoff, counterclaim, recoupment, defense
or other right the Seller might have against the Purchaser, all of which rights
are hereby expressly waived by the Seller.

          Section 6.12 Confidentiality. Notwithstanding anything herein to the
contrary, there is no restriction (express or implied) on any disclosure or
dissemination of the structure or tax aspects of the transaction contemplated by
the Related Documents. Furthermore, each party hereto acknowledges that it has
no proprietary rights to any tax matter or tax idea contemplated hereby or to
any element of the transaction structure contemplated hereby.

          Section 6.13 Further Assurances. (a) The Seller shall, at its sole
cost and expense, upon request of the Purchaser, promptly and duly authorize,
execute and/or deliver, as applicable, any and all further instruments and
documents and take such further actions that may be necessary or desirable or
that the Purchaser may request to carry out more effectively the provisions and
purposes of this Agreement or to obtain the full benefits of this Agreement and
of the rights and powers herein granted, including authorizing and filing any
financing or continuation statements under the UCC with respect to the ownership
interests or Liens granted hereunder. The Seller hereby authorizes the Purchaser
to file any such financing or continuation statements without the signature of
the Seller to the extent permitted by applicable law. A carbon, photographic or
other reproduction of this Agreement or of any notice or financing statement
covering the CEF Assets or any part thereof shall be sufficient as a notice or
financing statement where permitted by law. If any amount payable under or in
connection with any of the CEF Assets is or shall become evidenced by any
instrument, such instrument, other than checks and notes received in the
ordinary course of business, shall be duly endorsed in a manner satisfactory to
the Purchaser immediately upon the Seller's receipt thereof and promptly
delivered to or at the direction of the Purchaser.

                                       12                    Loan Sale Agreement

          (b) If the Seller fails to perform any agreement or obligation under
this Section 6.13, the Purchaser may (but shall not be required to) itself
perform, or cause performance of, such agreement or obligation, and the
reasonable expenses of the Purchaser incurred in connection therewith shall be
payable by the Seller upon demand of the Purchaser.

          Section 6.14 Accounting Changes. If any Accounting Changes occur and
such changes result in a change in the standards or terms used herein, then the
parties hereto agree to enter into negotiations in order to amend such
provisions so as to equitably reflect such Accounting Changes with the desired
result that the criteria for evaluating the financial condition of such Persons
and their Subsidiaries shall be the same after such Accounting Changes as if
such Accounting Changes had not been made. If the parties hereto agree upon the
required amendments to this Agreement, then after appropriate amendments have
been executed and the underlying Accounting Change with respect thereto has been
implemented, any reference to GAAP contained herein shall, only to the extent of
such Accounting Change, refer to GAAP consistently applied after giving effect
to the implementation of such Accounting Change. If such parties cannot agree
upon the required amendments within 30 days following the date of implementation
of any Accounting Change, then all financial statements delivered and all
standards and terms used herein shall be prepared, delivered and used without
regard to the underlying Accounting Change.

                               [Signatures Follow]

                                       13                    Loan Sale Agreement

          IN WITNESS WHEREOF, the parties have caused this LOAN SALE AGREEMENT
to be executed by their respective duly authorized representatives, as of the
date first above written.

                                        CEF EQUIPMENT HOLDING, L.L.C.

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

                                        GENERAL ELECTRIC CAPITAL CORPORATION

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

                                                             Loan Sale Agreement

                                                                 Schedule 4.1(b)

                                 UCC INFORMATION

General Electric Capital Corporation

True Legal Name:                        General Electric Capital Corporation

Jurisdiction of Organization:           Delaware

Executive Offices/Principal Place of    44 Old Ridgebury Road
Business:                               Danbury, Connecticut 06810

Collateral Locations:                   Danbury, Connecticut
                                        El Paso, Texas
                                        Mexico

Trade Names:                            GE Capital

FEIN:                                   13-1500700

Organizational Identification Number:   3174543

                                                             Loan Sale Agreement

                                                                      Schedule I

                             Schedule of GECC Loans

                               [attached hereto]

LOAN ID NUMBER
--------------
4067599061
4067599062
4067599063
4067599064
4067599065
4067862004
4067862005
4073453026
4073453027
4073453028
4073453029
4079001005
4079001006
4079712009
4083476027
4083476031
4083476032
4083476033
4083476034
4083476035
4083476036
4083476037
4083476038
4083558006
4083558007
4085669017
4087903015
4087903016
4089934018
4089934019
4090853008
4090917005
4095371180
4095371181
4095626005
4098922008
4098922009
4104544013
4111112003
4113263006
4113480003
4113981014
4113981015
4116286004
4118472018
4118472019
4118472020
4118472021
4118472022
4118472023
4118472024
4118472025
4118472026
4118472027
4118472028
4118472029
4119049015
4119049016
4119049018
4119713007
4119713008
4119768013
4119768014

4119768015
4119768016
4119768017
4119768018
4119768019
4119768020
4119768021
4122979002
4124421008
4124454009
4124777028
4124777029
4124777030
4124777031
4124777032
4124777033
4124777034
4124777035
4124777036
4124777037
4124777038
4124777039
4124777040
4124777041
4124777042
4124777043
4124777044
4124777045
4124777046
4124777047
4124777048
4124777049
4124777050
4124777051
4124777052
4124777053
4126885003
4126885004
4126885005
4128777008
4128777011
4128784007
4129030002
4129030003
4129103002
4129197010
4129197011
4129197012
4131480005
4131492005
4131492006
4131492007
4131492008
4131858007
4132318016
4132666010
4132666011
4132666012
4133082004
4133082005
4133094007
4133094008
4133094009
4133440003

4133592005
4133592006
4133592007
4133651003
4134387006
4134387007
4135039012
4135039013
4135039014
4135321005
4135403002
4135580020
4135580024
4135580025
4135580026
4135580027
4135899003
4136108004
4136108006
4136108007
4136108008
4136108009
4136207005
4136207006
4136551016
4136699002
4136785006
4136785007
4136977008
4137098009
4137098010
4137122004
4138446002
4138709015
4138712012
4138712013
4138712014
4138712015
4138712016
4138712017
4138712018
4138712019
4138712020
4138712021
4138712022
4138712023
4139020007
4139020008
4139598001
4139605003
4139651004
4139651005
4139838005
4139838006
4139916003
4139916006
4140013008
4140013009
4140013010
4140013011
4140013012
4140013013
4140013014
4140013015

4140013016
4140013017
4140662005
4140978002
4140978003
4141188002
4141188003
4141188004
4141188005
4141188006
4141548002
4141636006
4141636007
4141714009
4141714010
4141714011
4141714012
4141714013
4141714014
4141714015
4141714016
4142620010
4142620011
4143267006
4143267007
4143267008
4143608005
4143742004
4143987004
4143987005
4143987006
4143987007
4143987008
4143987009
4143987010
4143987011
4144185002
4144345006
4144345007
4144345008
4144345009
4144345010
4144345011
4144345012
4144345013
4144628002
4144635007
4144635008
4144978004
4144978005
4144978006
4145534004
4145534005
4145581005
4145581009
4145581010
4145581011
4145581013
4145874002
4145874003
4145874004
4145936002
4146104003
4146104004

4146104005
4146104006
4146104007
4146104008
4146104009
4146104010
4146486013
4146583006
4146604007
4146746012
4146746013
4146746017
4146999005
4146999006
4147304008
4147943016
4148220003
4148623004
4148623005
4148623006
4149903002
4149903004
4149903005
4149941006
4149941007
4149941008
4149941009
4150013003
4150013004
4150252008
4150344002
4150975010
4151463003
4151983005
4152065004
4152233022
4152233023
4152233024
4152374002
4152602002
4152602003
4152602004
4152721001
4152954003
4152954004
4153248006
4153248007
4153248008
4153248009
4153506003
4153506004
4153962002
4154053001
4154454003
4154634006
4154634007
4154710002
4154710003
4154750003
4154750004
4154798002
4154798003
4154798004
4154798005

4154798006
4154798007
4155361004
4155389006
4155537004
4155550008
4155582002
4155582003
4155582004
4155582005
4155892003
4155957005
4156354003
4156354004
4156367003
4156367004
4156367005
4156456007
4156493025
4156493026
4156493027
4156493028
4156493029
4156493030
4156493031
4156493032
4156493033
4156493034
4156493035
4156493036
4156493037
4156739003
4156801001
4156801002
4156813007
4156920008
4157127003
4157127004
4157154004
4157172002
4157215003
4157351002
4157351003
4157351004
4157351005
4157505001
4157563003
4157627004
4157702003
4157702004
4157702005
4157702006
4157714004
4157830009
4157830010
4157830011
4157830012
4157838007
4157838008
4157864002
4157864003
4157907004
4158145002
4158145003

4158145004
4158145005
4158145007
4158145008
4158218003
4158270008
4158306011
4158306012
4158306013
4158306014
4158306015
4158306016
4158322005
4158322006
4158359001
4158359002
4158359003
4158359004
4158359006
4158359007
4158359008
4158359009
4158359010
4158362003
4158362004
4158391005
4158391006
4158396007
4158576003
4158594002
4158594003
4158622002
4158622003
4158622004
4158622005
4158622006
4158622007
4158622008
4158678004
4158911003
4158966003
4159121002
4159121004
4159266004
4159266005
4159266006
4159327002
4159327008
4159327009
4159353003
4159457014
4159457016
4159457017
4159583002
4159698003
4159698004
4159785003
4159823003
4159827001
4159866004
4159985003
4160033003
4160083005
4160083006

4160172001
4160172002
4160172003
4160203001
4160207002
4160207003
4160237003
4160253001
4160256002
4160270004
4160270005
4160270006
4160300003
4160351002
4160362009
4160362010
4160363001
4160376005
4160380001
4160392001
4160704002
4160790004
4160790006
4160879002
4160879003
4160879004
4160879005
4160879006
4160879007
4160879008
4160879009
4160879010
4160879011
4160881002
4160881003
4160904002
4160919005
4161003002
4161151004
4161151005
4161151006
4161151007
4161151008
4161151009
4161151010
4161151011
4161151012
4161151013
4161151014
4161151015
4161151016
4161151017
4161151018
4161339003
4161577002
4161577003
4161577004
4161624003
4161624004
4161624005
4161624006
4161634002
4161826001
4161858002

4161858003
4161858004
4161875007
4161877003
4161885005
4161885006
4161885007
4161885008
4161885009
4161885010
4161885011
4161885012
4161885013
4161885014
4161885015
4161885016
4161885017
4161885018
4161885019
4161885020
4161911002
4161911003
4161911004
4161911005
4161911006
4161911007
4161911008
4161911013
4161921003
4161921004
4161939002
4161952003
4161956002
4161979003
4161979005
4161985004
4161985005
4162036004
4162225002
4162227002
4162266001
4162266002
4162266003
4162266004
4162266005
4162297002
4162297003
4162297004
4162359001
4162390001
4162412003
4162416002
4162435001
4162441001
4162467001
4162526001
4162541002
4162541003
4162554006
4162632001
4162632002
4162771001
4162861001
4162863002

4162863003
4162872001
4162872002
4162879001
4162879002
4162907002
4162907004
4162907005
4162920001
4162920002
4162924002
4162961001
4162961002
4162966001
4162970001
4162970002
4162983002
4162998001
4163062001
4163062002
4163062003
4163062004
4163062005
4163089001
4163089002
4163089003
4163089004
4163089005
4163089006
4163090001
4163090002
4163090003
4163091001
4163091002
4163091003
4163091004
4163100001
4163104001
4163105001
4163113006
4163113007
4163113013
4163113014
4163118001
4163118003
4163118004
4163118005
4163160001
4163203001
4163203002
4163203003
4163203004
4163203005
4163203007
4163210001
4163213001
4163218001
4163218002
4163237001
4163280001
4163280003
4163280004
4163280005
4163280006

4163280007
4163294001
4163337001
4163470001
4163492001
4163492002
4163492003
4163515003
4163627001
4163628001
4163630001
4163706004
4163707001
4163733001
4163733002
4163733003
4163750001
4163780001
4163817001
4163871001
4163871002
4163879001
4163879002
4163879003
4163879004
4163879005
4163879006
4163879008
4163881001
4163907001
4163908001
4163955001
4163955002
4163998001
4164051011
4164051012
4164051013
4164051023
4164051024
4164067001
4164101001
4164101002
4164104001
4164112001
4164112002
4164112003
4164124001
4164124002
4164124003
4164129001
4164138001
4164138002
4164138003
4164138004
4164138005
4164142001
4164197001
4164197002
4164197003
4164200001
4164201001
4164204002
4164218001
4164223001

4164226001
4164339001
4164361001
4164380001
4164392001
4164392002
4164450001
4164472001
4164472002
4164495001
4164496001
4164673001
4164675001
4164694001
4164694002
4164796008
4164838001
4164861001
4164868003
4164873001
4164873002
4164873003
4164873004
4164873005
4164911001
4164911002
4164947001
4165058001
4165058002
4165058003
4165058004
4165058005
4165058006
4165058007
4165116001
4165118001
4165118002
4165118003
4165160001
4165165001
4165174001
4165191001
4165191002
4165191003
4165191004
4165191005
4165191006
4165191007
4165191008
4165191009
4165321001
4165347001
4165351001
4165352001
4165370001
4165421001
4165441001
4165468001
4165481001
4165522001
4165522002
4165612001
4165617001
4165619001

4165619002
4165628001
4165711001
4165711002
4165711003
4165711004
4165711005
4165714001
4165754002
4165791001
4165791002
4165822001
4165844001
4165844002
4165844003
4165857001
4165857002
4165900003
4165901001
4165901002
4165924001
4165978001
4165978002
4165978003
4165978004
4166010003
4166125001
4166125002
4166151001
4166226001
4166226002
4166226004
4166226005
4166259001
4166260001
4166260002
4166275001
4166275002
4166279003
4166280001
4166280002
4166280003
4166280004
4166280005
4166280006
4166330001
4166340001
4166350001
4166350002
4166380001
4166389001
4166389002
4166390001
4166413001
4166413002
4166432001
4166432002
4166432003
4166441001
4166444001
4166487001
4166539001
4166570001
4166580002

4166580004
4166580005
4166580006
4166584001
4166585001
4166587001
4166645001
4166647001
4166649001
4166650001
4166656002
4166656003
4166656004
4166666002
4166727001
4166749001
4166764001
4166764002
4166764003
4166801001
4166851002
4166871001
4166908001
4166956002
4166985001
4167020001
4167030001
4167056001
4167056002
4167056003
4167079001
4167086001
4167189001
4167218001
4167256001
4167256002
4167256003
4167256005
4167256006
4167256007
4167376001
4167448001
4167496001
4167496002
4167496003
4167509001
4167513001
4167525001
4167526001
4167526002
4167560001
4167594001
4167594002
4167594003
4167594004
4167620006
4167640001
4167640002
4167640003
4167640004
4167640005
4167640006
4167640007
4167640008

4167640009
4167640010
4167640011
4167640012
4167640013
4167640014
4167640015
4167674001
4167694001
4167715001
4167823001
4167823002
4167899001
4167913001
4167918001
4167929001
4167934001
4167940001
4167940002
4167954001
4167958001
4167976001
4167981001
4167995001
4168010001
4168102001
4168122001
4168171001
4168185001
4168192001
4168238001
4168239001
4168290001
4168290002
4168317001
4168388001
4168411001
4168426001
4168435001
4168435002
4168442001
4168532001
4168595001
4168631001
4168657001
4168662001
4168670001
4168703001
4168705001
4168712001
4168714001
4168714002
4168732001
4168736001
4168742001
4168743001
4168745001
4168746001
4168805001
4168807001
4168843001
4168850001
4168872001
4168879001

4168909001
4168916001
4168950001
4168950002
4168962001
4168962002
4168962003
4168973001
4168998001
4169000001
4169028001
4169059002
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4169094002
4169094003
4169125001
4169157001
4169161001
4169187001
4169231004
4169242001
4169244001
4169256001
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4169264001
4169319001
4169345002
4169359001
4169363001
4169409001
4169441001
4169443001
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4169448001
4169467001
4169471001
4169488001
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4169530003
4169555001
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4169563001
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4169587001
4169599001
4169611001
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4169619003
4169626001
4169686001
4169746001
4169749001
4169799001
4169802001
4169806001
4169840001
4169846001
4169857001
4169871001
4169894001

4169894002
4169894003
4169899001
4169902001
4169905001
4169909001
4169912001
4169916001
4169919001
4169920001
4169936001
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4170018001
4170025001
4170067001
4170079001
4170147001
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4170147003
4170147004
4170173001
4170192001
4170231001
4170236001
4170240001
4170241001
4170245001
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4170250001
4170254001
4170259001
4170265001
4170269001
4170282001
4170298001
4170308001
4170328004
4170400001
4170406001
4170413001
4170431001
4170432001
4170433001
4170441001
4170442001
4170458001
4170496001
4170521001
4170525001
4170529001
4170572001
4170572002
4170589001
4170608001
4170611001

4170625001
4170635001
4170639001
4170641001
4170653001
4170696001
4170699001
4170699002
4170726001
4170726002
4170732001
4170746001
4170746002
4170750001
4170759001
4170761001
4170762001
4170766001
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4170819001
4170853001
4170855001
4170855002
4170881001
4170896001
4170897001
4170903001
4170921001
4170967001
4170972001
4170998001
4171011001
4171061001
4171080001
4171083001
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4171123001
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4171140001
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4171220002
4171226001
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4171229001
4171231001
4171237001
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4171268001
4171279001
4171292001
4171297001
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4171323001
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4171541001
4171542005
4171555001
4171560001
4171562001
4171567001
4171569001
4171570001
4171572001
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4171587003
4171603001
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4171624001
4171630001
4171631001
4171642001
4171645001
4171657001
4171663001
4171672001
4171673001
4171678001
4171681001
4171710001
4171710002
4171710003
4171750001
4171751001
4171754001
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4171766001
4171768001
4171775001
4171775002
4171777001
4171787001
4171800001
4171802001
4171811001
4171811002
4171816001

4171831001
4171849001
4171871001
4171876001
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4171916001
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4171931001
4171934001
4171935001
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4172103001
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4172126001
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4172150001
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4172162001
4172173001
4172181001
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4172246001
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4172256001
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4172260001
4172377001
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4172472001
4172475001
4172509005
4172509007

4172524001
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4172606001
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4172882001
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4173111001
4173162001
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4173378001
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4173381001
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                                                                  EXHIBIT 4.2(F)

                          SEPARATE IDENTITY PROVISIONS

          The Purchaser, GECS and the Seller have and will continue (in each
case, to the extent within its control) to maintain the Purchaser's separate
existence and identity and have and will continue to take all steps necessary to
make it apparent to third parties that the Purchaser is an entity with assets
and liabilities distinct from those of the Seller or GECS or any other
Subsidiary or Affiliate of the Seller or GECS. In addition to the foregoing,
such steps and indicia of the Purchaser's separate identity include the
following:

          (a) The Purchaser does and will maintain its own stationery and other
business forms separate from those of any other Person (including the Seller and
GECS), and will conduct business in its own name except that certain Persons may
act on behalf of the Purchaser as agents;

          (b) The Purchaser maintains and will maintain separate office space of
its own as part of its operations, although such space is in a building shared
with GE Capital. The corporate records, the other books and records, and the
other assets of the Purchaser are and will be segregated from the property of
the Seller and GECS, respectively;

          (c) The Seller will issue consolidated financial statements, which
financial statements will not show CEF Assets that have been sold by the Seller
to the Purchaser as assets of the Seller and its consolidated subsidiaries. Each
of the Seller, GECS and the Purchaser will take certain actions to disclose
publicly the Purchaser's separate existence and the transactions contemplated
hereby, including through the filing of the UCC Financing Statements. None of
the Seller, GECS or the Purchaser has concealed or will conceal from any
interested party any transfers contemplated by the Related Documents;

          (d) The Purchaser will not have its own employees, and, as indicated,
the Purchaser's business relating to the CEF Assets may be conducted through the
agents. However, any allocations of direct, indirect or overhead expenses for
items shared between the Purchaser and GE Capital or GECS that are not included
as part of the Servicing Fee are and will be made among such entities to the
extent practical on the basis of actual use or value of services rendered and
otherwise on a basis reasonably related to actual use or the value of services
rendered;

          (e) Except as provided in paragraph (d) above regarding the allocation
of certain shared overhead items, the Purchaser does and will pay its own
operating expenses and liabilities from its own funds, except GECS did and will
pay all expenses of the Purchaser incurred in connection with the transactions
entered into pursuant to the Related Documents, including those related to the
Purchaser's organization;

          (f) Each of the Seller, GECS and the Purchaser does and will maintain
its assets and liabilities in such a manner that it is not costly or difficult
to segregate, ascertain or otherwise identify the Purchaser's individual assets
and liabilities from those of the Seller or GECS or from those of any other
Person or entity, including any other subsidiary or affiliate of the Seller or
GECS. Except as set forth below, the Purchaser does and will maintain its own
books of account and corporate records separate from the Seller and GECS or any
other Subsidiary or Affiliate of

                                                             Loan Sale Agreement

the Seller and GECS. Monetary transactions, including those with each other, are
and will continue to be properly reflected in their respective financial
records. The Purchaser does not and will not commingle or pool its funds or
other assets or liabilities with those of any Seller or GECS or any other
Subsidiary or Affiliate of the Seller or GECS except as specifically provided in
the Related Documents with respect to the temporary commingling of Collections
and with respect to, if applicable, any such Person's retention, in their
capacity as agent or Custodian for the Purchaser, of the books and records
pertaining to the CEF Assets. However, any such agent or Custodian will not
generally make the books and records relating to the CEF Assets available to any
of creditors or other interested persons of the Purchaser, the Seller or GECS.
The Purchaser does not and will not maintain joint bank accounts or other
depository accounts to which the Seller or GECS or any other Subsidiary or
Affiliate of the Seller or GECS (other than in their capacity as agent for the
Purchaser, if applicable) has independent access;

          (g) The Purchaser will strictly observe corporate formalities, and the
Seller and GECS will strictly observe corporate formalities with respect to its
dealings with the Purchaser. Specifically, no transfer of assets between any of
the Seller and GECS, on the one hand, and the Purchaser, on the other, will be
made without adherence to corporate formalities;

          (h) The transactions among the Purchaser and the Seller or GECS,
including, in the case of GE Capital, the terms governing any servicer advances
and the amount and payment of the servicing fee, are on terms and conditions
that are consistent with those of arm's-length relationships. Neither of the
Seller or GECS is or will be, or holds or will hold itself out to be,
responsible for the debts of the Purchaser, except as provided in the
representations made by the Seller (including, if applicable, as a servicer or a
sub-servicer) to the Purchaser relating to the CEF Assets and their prior
ownership and servicing thereof. The Purchaser will not guaranty the debts of
the Seller or GECS;

          (i) All distributions made by the Purchaser to GECS as its sole member
shall be in accordance with applicable law;

          (j) Any other transactions between the Purchaser and the Seller or
GECS permitted by (although not expressly provided for in) the Related Documents
have been and will be fair and equitable to each of the parties, have been and
will be the type of transaction that would be entered into by a prudent Person
or entity, and have been and will be on terms that are at least as favorable as
may be obtained from a third party Person; and

          (k) The Purchaser is not named, or has entered into any agreement to
be named, directly or indirectly, as a direct or contingent beneficiary or loss
payee on any insurance policy covering the assets of the Seller or GECS.

                                   * * * * * *

                                                             Loan Sale Agreement

                                TABLE OF CONTENTS

                                                                            PAGE
                                                                            ----

ARTICLE I    DEFINITIONS AND INTERPRETATION..............................     1
   Section 1.1    Definitions............................................     1
   Section 1.2    Rules of Construction..................................     1

ARTICLE II   SALES OF CEF ASSETS.........................................     1
   Section 2.1    Sale of Loans..........................................     1
   Section 2.2    Grant of Security Interest.............................     2
   Section 2.3    Sale Price.............................................     2

ARTICLE III  CONDITIONS PRECEDENT........................................     3
   Section 3.1    Conditions to Sale.....................................     3

ARTICLE IV   REPRESENTATIONS, WARRANTIES AND COVENANTS...................     4
   Section 4.1    Representations and Warranties of the Seller...........     4
   Section 4.2    Affirmative Covenants of the Seller....................     5
   Section 4.3    Negative Covenants of the Seller.......................     7

ARTICLE V    INDEMNIFICATION.............................................     7
   Section 5.1    Indemnification........................................     7

ARTICLE VI   MISCELLANEOUS...............................................     8
   Section 6.1    Notices................................................     8
   Section 6.2    No Waiver; Remedies....................................     9
   Section 6.3    Successors and Assigns.................................     9
   Section 6.4    Termination; Survival of Obligations...................    10
   Section 6.5    Complete Agreement; Modification of Agreement..........    10
   Section 6.6    Amendments and Waivers.................................    10
   Section 6.7    GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF
                  JURY TRIAL.............................................    10
   Section 6.8    Counterparts...........................................    12
   Section 6.9    Severability...........................................    12
   Section 6.10   Section Titles.........................................    12
   Section 6.11   No Setoff..............................................    12
   Section 6.12   Confidentiality........................................    12
   Section 6.13   Further Assurances.....................................    12
   Section 6.14   Accounting Changes.....................................    13

                                       -i-

                                TABLE OF CONTENTS
                                   (continued)

                                                                            PAGE
                                                                            ----

Schedule 4.1(b) UCC Information
Schedule I      Schedule of GECC Loans

Exhibit 4.2(f)  Separate Indemnity Provisions
Annex A:        Definitions and Interpretations

                                      -ii-

                                                                   FINAL VERSION

                                     ANNEX A

                                       to

                               LOAN SALE AGREEMENT

                                   dated as of

                                December 14, 2006

                                                                      Annex A to
                                                             Loan Sale Agreement

                         DEFINITIONS AND INTERPRETATION

     SECTION 1. Definitions and Conventions. Capitalized terms used in the Sale
Agreement shall have (unless otherwise provided elsewhere therein) the following
respective meanings:

     "Accounting Changes" means, with respect to any Person, an adoption of GAAP
different from such principles previously used for reporting purposes by such
Person as defined in the Accounting Principles Board Opinion Number 20.

     "Administration Agreement" means the Administration Agreement, dated as of
December 14, 2006, between the Administrator and the Issuer.

     "Administrator" means General Electric Capital Corporation, a Delaware
corporation, in its capacity as Administrator under the Administration
Agreement, or any other Person designated as a successor administrator.

     "Adverse Claim" means any claim of ownership or any Lien, other than any
ownership interest or Lien created under the Sale Agreement or the Purchase and
Sale Agreement, any Lien created under the Indenture or any Permitted
Encumbrances.

     "Affiliate" means, with respect to any Person, (a) each Person that,
directly or indirectly, owns or controls, whether beneficially, or as a trustee,
guardian or other fiduciary, five percent (5%) or more of the stock having
ordinary voting power in the election of directors of such Person, (b) each
Person that controls, is controlled by, or is under common control with such
Person, or (c) each of such Person's officers, directors, joint venturers and
partners. For the purposes of this definition, "control" of a Person means the
possession, directly or indirectly, of the power to direct or cause the
direction of its management or policies, whether through the ownership of voting
securities, by contract or otherwise.

     "Annual Percentage Rate" or "APR" of a Loan means, the interest rate or
annual rate of finance charges stated in or, if not explicitly stated, the
implicit finance charge used by the Servicer to calculate periodic payments with
respect to the related Loan.

     "Appendices" means, with respect to any Related Document, all exhibits,
schedules, annexes and other attachments thereto, or expressly identified
thereto.

     "Bankruptcy Code" means the provisions of Title 11 of the United States
Code, 11 U.S.C. Sections 101 et seq. as amended from time to time.

     "Business Day" means any day that is not a Saturday, a Sunday or a day on
which banks are required or permitted to be closed in the State of New York or
the State of Connecticut.

     "CEF Assets" is defined in Section 2.1(a) of the Sale Agreement.

                                                                      Annex A to
                                                             Loan Sale Agreement

     "CEF Cash Purchase Price" means, with respect to the sale of CEF Assets
sold and transferred by the Seller on the Closing Date, the portion of the sale
price therefor determined by the Seller and the Purchaser pursuant to Section
2.3(a) of the Sale Agreement to be paid in cash.

     "CEF Limited Liability Company Agreement" means the Second Amended and
Restated Limited Liability Company Agreement of the Purchaser dated as of
September 25, 2003, as the same may be amended and supplemented from time to
time.

     "Class C Maturity Date" is defined in the Indenture.

     "Closing Date" means December 14, 2006.

     "Collection Period" means, with respect to any Payment Date, the calendar
month preceding the month in which the Payment Date occurs (or, if for the first
Payment Date, the period from and including the day after the Cut-off Date to
and including the last day of the calendar month preceding the calendar month in
which the first Payment Date occurs).

     "Collections" means, with respect to any Payment Date all payments made by
or on behalf of the Obligors received during the related Collection Period, any
Recoveries received during the related Collection Period, any proceeds from
insurance policies covering the Equipment or related Obligor received during the
related Collection Period, Liquidation Proceeds received during the related
Collection Period, and payments made by a lessee pursuant to its obligation (if
any) to pay the Termination Value pursuant to the related Loan received during
the related Collection Period; provided, that "Collections" for the first
Collection Period shall exclude interest accrued before December 1, 2006.

     "Consumer Contract" means a contract entered into by an Obligor in
connection with a transaction in which the Obligor incurs the related
indebtedness primarily for personal, family, or household purposes.

     "Credit and Collection Policies" or "Credit and Collection Policy" means
the policies, practices and procedures adopted by the Issuer on the Closing Date
for providing equipment loans secured by transportation equipment, industrial
equipment, construction equipment, furniture and fixtures, maritime assets,
technology and telecommunications equipment or other equipment, including the
policies and procedures for determining the creditworthiness of Obligors and the
extension of credit to Obligors, or relating to the maintenance of such types of
loans and collections on such types of loans.

     "Cut-off Date" means November 4, 2006.

     "Dollars" or "$" means lawful currency of the United States of America.

     "Eligible Loan" means as to each CEF Asset as of the Closing Date:

          (i) Characteristics of CEF Assets. Each CEF Asset: (A) was either
     originated in the United States of America by GE Capital in connection with
     the financing or lease of Equipment in the ordinary course of GE Capital's
     business or acquired by GE Capital in the ordinary course of its business,
     and, in each case, was fully and properly executed by

                                       2                              Annex A to
                                                             Loan Sale Agreement

     the parties thereto, (B) has created a valid, subsisting and enforceable
     first priority security interest (except to the extent the Equipment
     secures any loan that is cross-collateralized with such CEF Asset) in the
     Equipment in favor of GE Capital, that, as of the Closing Date, has been
     assigned by GE Capital to Purchaser, and (C) contains customary and
     enforceable provisions such that the rights and remedies of the holder
     thereof are adequate for realization against the collateral of the benefits
     of the security.

          (ii) Schedule of CEF Assets. The information set forth on Schedule I
     of the Loan Sale Agreement is true and correct in all material respects as
     of the opening of business on the Cutoff Date and no selection procedures
     believed by the Seller to be adverse to the interests of the Purchaser were
     utilized in selecting the CEF Assets. The computer tape regarding the CEF
     Assets made available to Purchaser and its assigns is true and correct in
     all respects.

          (iii) Compliance with Law. Each CEF Asset and the sale or lease of the
     related Equipment complied in all material respects at the time it was
     originated or made and at the execution of this Agreement with all
     requirements of applicable Federal, State and local laws and regulations
     thereunder.

          (iv) Binding Obligation. Each CEF Asset represents the genuine, legal,
     valid and binding payment obligation in writing of the Obligor, enforceable
     by the holder thereof in accordance with its terms.

          (v) No Government Obligor. None of the CEF Assets is due from the
     United States of America or any State or from any agency, department or
     instrumentality of the United States of America or any State.

          (vi) Security Interest in the Equipment. Immediately prior to the
     sale, assignment and transfer thereof, each CEF Asset shall be secured by a
     validly perfected first priority security interest (as defined in Section
     1-201(37) of the UCC) in the Equipment (except to the extent the Equipment
     secures any loan that is cross-collateralized with such CEF Asset) in favor
     of the Seller as secured party or all necessary and appropriate actions
     have been commenced that would result in the valid perfection of a first
     priority security interest in the Equipment in favor of the Seller as
     secured party.

          (vii) CEF Assets in Force. No CEF Asset has been satisfied,
     subordinated or rescinded, nor has any Equipment been released from the
     Lien granted by the related CEF Asset in whole or in part.

          (viii) No Amendment or Waiver. No provision of a CEF Asset has been
     waived, altered or modified in any respect, except pursuant to a document,
     instrument or writing included in the Loan Files and no such amendment,
     waiver, alteration or modification causes such CEF Asset not to be an
     Eligible Loan.

          (ix) No Defenses. No right of rescission, setoff, counterclaim or
     defense has been asserted or threatened or exists with respect to any CEF
     Asset.

                                       3                              Annex A to
                                                             Loan Sale Agreement

          (x) Lawful Assignment. No CEF Asset has been originated in, or is
     subject to the laws of, any jurisdiction under which the sale, transfer and
     assignment of such CEF Asset or any CEF Asset under the Loan Sale Agreement
     would be unlawful.

          (xi) All Filings Made. All filings (including UCC filings) necessary
     in any jurisdiction to give Purchaser a first priority perfected ownership
     interest in the CEF Asset have been made (except to the extent the
     Equipment secures any loan that is cross-collateralized with such CEF
     Asset).

          (xii) One Original. There is only one original executed copy of each
     CEF Asset.

          (xiii) Insurance. The Obligor on each CEF Asset is required to
     maintain physical damage insurance covering the Equipment in accordance
     with GE Capital's normal requirements.

          (xiv) No Bankruptcies. No Obligor on any CEF Asset as of the Cutoff
     Date was noted in the related Loan File as being the subject of a
     bankruptcy proceeding.

          (xv) No Repossessions. None of the Equipment securing any CEF Asset is
     in repossession status.

          (xvi) Instrument or Chattel Paper. Each CEF Asset constitutes an
     "instrument" or "chattel paper" as defined in the UCC of each State the law
     of which governs the perfection of the interest granted in it and/or the
     priority of such perfected interest.

          (xvii) U.S. Obligors. None of the CEF Assets is denominated and
     payable in any currency other than United States Dollars or is due from any
     Person that does not have a mailing address in the United States of
     America.

          (xviii) No Delinquent Loan. None of the CEF Assets is more than 30
     days past due.

          (xix) No Consumer Contract. None of the CEF Assets constitutes a
     Consumer Contract.

          (xx) Finance Lease. With respect to each CEF Asset that is in form a
     lease rather than a secured loan, the terms of such CEF Asset provides that
     it is non-cancelable and that, by the end of the lease term, the lessee may
     elect to purchase the related Equipment upon the exercise of a nominal
     purchase option that satisfies Section 1-201(37)(a)(iv) of the UCC.

     "Equipment" means any transportation equipment, industrial equipment,
construction equipment, furniture and fixtures, maritime assets, technology and
telecommunications equipment or other equipment, together with all accessions
thereto securing an Obligor's indebtedness under the respective Loan.

     "Event of Default" is defined in Section 5.1 of the Indenture.

                                       4                              Annex A to
                                                             Loan Sale Agreement

     "Federal Reserve Board" means the Board of Governors of the Federal Reserve
System.

     "GAAP" means generally accepted accounting principles in the United States
of America as in effect on the Closing Date, modified by Accounting Changes as
GAAP is further defined in Section 2(a) of this Annex A.

     "GE Capital" is defined in the preamble of the Sale Agreement.

     "GECS" means General Electric Capital Services, Inc., a Delaware
corporation or any successors or assigns thereto.

     "Governmental Authority" means any nation or government, any state, county,
city, town, district, board, bureau, office, commission, any other municipality
or other political subdivision thereof (including any educational facility,
utility or other Person operated thereby), and any agency, department or other
entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government.

     "Indemnified Amounts" means, with respect to any Person, any and all suits,
actions, proceedings, claims, damages, losses, liabilities and expenses
(including reasonable attorneys' fees and disbursements and other costs of
investigation or defense, including those incurred upon any appeal).

     "Indenture" means the Indenture, dated December 14, 2006, between the
Issuer and the Indenture Trustee, as the same may be amended and supplemented
from time to time.

     "Indenture Trustee" means The Bank of New York, not in its individual
capacity but solely as Indenture Trustee under the Indenture, or any successor
Indenture Trustee under the Indenture.

     "Investment Company Act" means the provisions of the Investment Company Act
of 1940, 15 U.S.C. Sections 80a et seq., and any regulations promulgated
thereunder.

     "Issuer" means GE Equipment Midticket LLC, Series 2006-1, a Delaware
limited liability company, until a successor replaces it and, thereafter, means
the successor and, for purposes of any provision contained in the Indenture and
required by the Trust Indenture Act of 1939, each other obligor on the Notes.

     "Issuer Limited Liability Company Agreement" means the Limited Liability
Company Agreement of the Issuer, dated as of December 14, 2006, among the
Managing Member and the Issuer, as the same may be amended or supplemented from
time to time.

     "Lien" means a security interest (as such term is defined in Section 1-201
of Article 1 of the UCC), lien, charge, pledge, equity or encumbrance of any
kind, other than tax liens, mechanics' liens and any liens that attach to the
related Loan by operation of law as a result of any act or omission by the
related Obligor.

                                       5                              Annex A to
                                                             Loan Sale Agreement

     "Liquidated Loan" means any Loan (i) liquidated through the sale or other
disposition of all or a portion of the related Equipment or (ii) that has been
charged off in accordance with the Credit and Collection Policy without
realizing upon the Equipment.

     "Liquidation Proceeds" means, with respect to any Liquidated Loan, the
amounts collected in respect thereof from whatever source (including the
proceeds of insurance policies with respect to the related Equipment or Obligor)
during the Collection Period in which it became a Liquidated Loan, net of the
sum of any amounts expended in connection with such liquidation and any amounts
required by law to be remitted to the Obligor on such Liquidated Loan or any
creditor of such Obligor to the extent required by applicable law or agreement.

     "Litigation" means, with respect to any Person, any action, claim, lawsuit,
demand, investigation or proceeding pending or threatened against such Person
before any court, board, commission, agency or instrumentality of any federal,
state, local or foreign government or of any agency or subdivision thereof or
before any arbitrator or panel of arbitrators.

     "Loan" means any Loan included in Schedule of Loans and any agreement
(including any invoice) pursuant to, or under which, an Obligor shall be
obligated to make payments with respect to any Loan.

     "Loan Files" is defined in Section 2.1 of the Sale Agreement.

     "Loan Value" is defined in the Purchase and Sale Agreement.

           "Managing Member" means CEF Equipment Holding, L.L.C., a Delaware
limited liability company or any successor Managing Member under the Issuer
Limited Liability Company Agreement.

           "Material Adverse Effect" means, with respect to any Person, a
material adverse effect on (a) the business, assets, liabilities, operations,
prospects or financial or other condition of such Person, (b) the ability of
such Person to perform any of its obligations under the Related Documents in
accordance with the terms thereof, (c) the validity or enforceability of any
Related Document or the rights and remedies of such Person under any Related
Document or (d) the Loans, as applicable, therefor, any interest related thereto
or the ownership interests or Liens of such Person thereon or the priority of
such interests or Liens.

           "Notes" means the notes issued under the Indenture.

           "Obligor" means, as to each Loan, any Person who owes payments under
the Loan.

           "Payment Date" means, with respect to each Collection Period, the
15th day of the calendar month following the end of that Collection Period, or,
if such day is not a Business Day, the next Business Day, commencing on January
16, 2007.

           "Permitted Encumbrances" means the following encumbrances: (a) Liens
for taxes or assessments or other governmental charges not yet due and payable;
(b) pledges or deposits securing obligations under workmen's compensation,
unemployment insurance, social security or public liability laws or similar
legislation; (c) pledges or deposits securing bids, tenders,

                                        6                             Annex A to
                                                             Loan Sale Agreement

contracts (other than contracts for the payment of money) or leases to which the
Seller or any Affiliate thereof is a party as lessee made in the ordinary course
of business; (d) deposits securing statutory obligations of the Seller or any
Affiliate thereof; (e) inchoate and unperfected workers', mechanics', suppliers'
or similar Liens arising in the ordinary course of business; (f) carriers',
warehousemen's or other similar possessory Liens arising in the ordinary course
of business and securing liabilities in an outstanding aggregate amount not in
excess of $100,000 at any one time; (g) deposits securing, or in lieu of,
surety, appeal or customs bonds in proceedings to which the Seller or any
Affiliate thereof is a party; (h) any attachment or judgment Lien not
constituting an Event of Default; (i) presently existing or hereinafter created
Liens in favor of the Purchaser, the Issuer or the Indenture Trustee; and (j)
presently existing or hereinafter created Liens on personal property or
Equipment which are subordinate to or pari passu with the Liens in favor of the
Purchaser, the Issuer or the Indenture Trustee.

     "Person" means any individual, sole proprietorship, partnership, joint
venture, unincorporated organization, trust, association, corporation (including
a business trust), limited liability company, institution, public benefit
corporation, joint stock company, or government or any agency or political
subdivision thereof, or any other entity of whatever nature.

     "Precomputed Loan" means any Loan under which the portion of a payment
allocable to earned interest (which may be referred to in the related Loan as an
add-on finance charge) and the portion allocable to principal are determined
according to the sum of periodic balances, the sum of monthly payments or any
equivalent method or are monthly actuarial loans.

     "Purchase Amount" means, as of the close of business on the last day of a
Collection Period, an amount equal to the Loan Value of the applicable Loan, as
of the first day of the immediately following Collection Period (or, with
respect to any applicable Loan that is a Liquidated Loan, as of the day
immediately prior to such Loan becoming a Liquidated Loan less any Liquidation
Proceeds actually received by the Issuer) plus interest accrued and unpaid
thereon as of such last day at a rate per annum equal to the APR for such Loan.

     "Purchase and Sale Agreement" means the Loan Purchase and Sale Agreement
dated as of December 14, 2006, by and between the Transferor and the Issuer as
the same may be amended from time to time.

     "Purchaser" is defined in the preamble to the Sale Agreement.

     "Purchaser Indemnified Person" is defined in Section 5.1 of the Sale
Agreement.

     "Records" means all notes, leases, security agreements and other documents,
books, records and other information (including computer programs, tapes, disks,
data processing software and related property and rights) prepared and
maintained by the Seller, the Servicer, any Sub-Servicer or the Issuer with
respect to the Loans and the Obligors thereunder, and the other CEF Assets.

     "Recoveries" means, with respect to any Liquidated Loan, monies collected
in respect thereof, from whatever source (other than from the sale or other
disposition of the Equipment), in any Collection Period after such Loan became a
Liquidated Loan.

                                        7                             Annex A to
                                                             Loan Sale Agreement

     "Redemption Date" is defined in the Indenture.

     "Related Documents" means the Sale Agreement, the Purchase and Sale
Agreement, the Servicing Agreement, the Issuer Limited Liability Company
Agreement, the CEF Limited Liability Company Agreement, the Administration
Agreement, the Indenture, the Swap Agreement, and all other agreements,
instruments, and documents and including all other pledges, powers of attorney,
consents, assignments, contracts, notices, and all other written matter whether
heretofore, now or hereafter executed by or on behalf of any Person, or any
employee of any Person, and delivered in connection with any of the foregoing.
Any reference in the foregoing documents to a Related Document shall include all
Appendices thereto, and all amendments, restatements, supplements or other
modifications thereto, and shall refer to such Related Document as the same may
be in effect at any and all times such reference becomes operative.

     "Related Security" means with respect to any Loan: (a) any interest
(including security interests), if any, in the related Equipment; (b) all
guarantees, insurance or other agreements or arrangements of any kind from time
to time supporting or securing payment of such Loan (including rights (if any)
to receive proceeds on insurance policies covering the Obligors); and (c) all
Records relating to such Loan.

     "Sale Agreement" means the Loan Sale Agreement, dated December 14, 2006,
between GE Capital and the Purchaser, as the same may be amended or supplemented
from time to time.

     "Scheduled Payment" on a Loan means that portion of the payment required to
be made by the Obligor during any Collection Period sufficient to amortize the
principal balance under (x) in the case of a Precomputed Loan, the actuarial
method or (y) in the case of a Simple Interest Loan, the simple interest method,
in each case, over the term of the Loan and to provide interest at the APR,
provided that Termination Values shall also constitute Scheduled Payments.

     "Schedules of Loans" means the schedule of Loans attached as Schedule I to
the Sale Agreement (which schedule may be in the form of microfiche).

     "Securities Act" means the provisions of the Securities Act of 1933, 15
U.S.C. Sections 77a et seq., and any regulations promulgated thereunder.

     "Securities Exchange Act" means the provisions of the Securities Exchange
Act of 1934, 15 U.S.C. Sections 78a et seq., and any regulations promulgated
thereunder.

     "Seller" means GE Capital, in its capacity as seller hereunder, and its
successors and assigns.

     "Servicer" means General Electric Capital Corporation in its capacity as
Servicer under the Servicing Agreement, or any other Person designated as a
Successor Servicer under such agreement.

     "Servicing Agreement" means the Servicing Agreement dated as of December
14, 2006, by and between the Issuer and the Servicer, as the same may be amended
or supplemented from time to time.

                                        8                             Annex A to
                                                             Loan Sale Agreement

     "Servicing Fee" is defined in the Servicing Agreement.

     "Simple Interest Loan" means any Loan under which the portion of a payment
allocable to interest and the portion allocable to principal is determined by
allocating a fixed level payment between principal and interest, such that such
payment is allocated first to the accrued and unpaid interest at the Annual
Percentage Rate for such Loan on the unpaid principal balance and the remainder
of such payment is allocable to principal.

     "Solvent" means, with respect to any Person on a particular date, that on
such date (a) the fair value of the property of such Person is greater than the
total amount of liabilities, including contingent liabilities, of such Person;
(b) the present fair salable value of the assets of such Person is not less than
the amount that will be required to pay the probable liability of such Person on
its debts as they become absolute and matured; (c) such Person does not intend
to, and does not believe that it will, incur debts or liabilities beyond such
Person's ability to pay as such debts and liabilities mature; and (d) such
Person is not engaged in a business or transaction, and is not about to engage
in a business or transaction, for which such Person's property would constitute
an unreasonably small capital. The amount of contingent liabilities (such as
Litigation, guaranties and pension plan liabilities) at any time shall be
computed as the amount that, in light of all the facts and circumstances
existing at the time, represents the amount that can reasonably be expected to
become an actual or matured liability.

     "Stock" means all shares, options, warrants, membership interests in a
limited liability company, general or limited partnership interests or other
equivalents (regardless of how designated) of or in a corporation, partnership
or equivalent entity whether voting or nonvoting, including common stock,
preferred stock or any other "equity security" (as such term is defined in Rule
3a11-1 of the General Rules and Regulations promulgated by the Securities and
Exchange Commission under the Securities Exchange Act).

     "Stockholder" means, with respect to any Person, each holder of Stock of
such Person.

     "Sub-Servicer" means any Person with whom the Servicer enters into a
Sub-Servicing Agreement.

     "Sub-Servicing Agreement" means any written contract entered into between a
Servicer and any Sub-Servicer pursuant to and in accordance with the Servicing
Agreement.

     "Subsidiary" means, with respect to any Person, any corporation or other
entity (a) of which securities or other ownership interests having ordinary
voting power to elect a majority of the board of directors or other Persons
performing similar functions are at the time directly or indirectly owned by
such Person or (b) that is directly or indirectly controlled by such Person
within the meaning of control under Section 15 of the Securities Act.

     "Successor Servicer" is defined in Section 6.2 of the Servicing Agreement.

     "Swap Agreement" is defined in the Indenture.

     "Termination Value" means the "Termination Value" (if any) payable by
lessee pursuant to the applicable Loan.

                                        9                             Annex A to
                                                             Loan Sale Agreement

     "Transfer Date" is defined in the Indenture.

     "Transferor" means CEF Equipment Holding, L.L.C. a Delaware limited
liability company, as seller under the Purchase and Sale Agreement.

     "UCC" means, with respect to any jurisdiction, the Uniform Commercial Code
as the same may, from time to time, be enacted and in effect in such
jurisdiction.

     SECTION 2. Other Interpretive Matters. All terms defined directly or by
incorporation in the Sale Agreement shall have the defined meanings when used in
any certificate or other document delivered pursuant thereto unless otherwise
defined therein. For purposes of the Sale Agreement (including in this Annex A)
and all related certificates and other documents, unless the context otherwise
requires: (a) accounting terms not otherwise defined in such Agreement, and
accounting terms partly defined in such Agreement to the extent not defined,
shall have the respective meanings given to them under generally accepted
accounting principles; and unless otherwise provided, references to any month,
quarter or year refer to a fiscal month, quarter or year as determined in
accordance with the GE Capital fiscal calendar; (b) terms defined in Article 9
of the UCC and not otherwise defined in such Agreement are used as defined in
that Article; (c) references to any amount as on deposit or outstanding on any
particular date means such amount at the close of business on such day; (d) the
words "hereof," "herein" and "hereunder" and words of similar import refer to
such Agreement (or the certificate or other document in which they are used) as
a whole and not to any particular provision of such Agreement (or such
certificate or document); (e) references to any Section, Schedule or Exhibit are
references to Sections, Schedules and Exhibits in or to such Agreement (or the
certificate or other document in which the reference is made), and references to
any paragraph, subsection, clause or other subdivision within any Section or
definition refer to such paragraph, subsection, clause or other subdivision of
such Section or definition; (f) the term "including" means "including without
limitation"; (g) references to any law or regulation refer to that law or
regulation as amended from time to time and include any successor law or
regulation; (h) references to any agreement refer to that agreement as from time
to time amended, restated or supplemented or as the terms of such agreement are
waived or modified in accordance with its terms; (i) references to any Person
include that Person's successors and assigns; and (j) headings are for purposes
of reference only and shall not otherwise affect the meaning or interpretation
of any provision hereof.

                                       10                             Annex A to
                                                             Loan Sale Agreement

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