Document:

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                                                                   Exhibit 10(d)

                                  APPENDIX I TO
                  PARTICIPATION AGREEMENT, LEASE AGREEMENT AND
                             REIMBURSEMENT AGREEMENT
                             -----------------------

                         DEFINITIONS AND INTERPRETATION

         A.  INTERPRETATION. In each Operative Document, unless a clear contrary
intention  appears,  (i) the singular number includes the plural number and vice
versa,  (ii)  reference to any Person  includes  such  Person's  successors  and
assigns but, if applicable, only if such successors and assigns are permitted by
the  Operative  Documents,  and  reference to a Person in a particular  capacity
excludes such Person in any other capacity or  individually,  (iii) reference to
any  gender  includes  each  other  gender,  (iv)  reference  to  any  agreement
(including any Operative Document), document or instrument means such agreement,
document or instrument as amended or modified and in effect from time to time in
accordance  with the terms  thereof and, if  applicable,  the terms of the other
Operative Documents and reference to any promissory note includes any promissory
note which is an extension or renewal  thereof or a  substitute  or  replacement
therefor,  (v)  reference to any  Applicable  Law means such  Applicable  Law as
amended, modified,  codified, replaced or reenacted, in whole or in part, and in
effect from time to time, including rules and regulations promulgated thereunder
and reference to any section or other provision of any Applicable Law means that
provision of such  Applicable  Law from time to time in effect and  constituting
the   substantive   amendment,   modification,   codification,   replacement  or
reenactment of such section or other provision,  (vi) reference in any Operative
Document to any  Article,  Section,  Appendix,  Schedule  or Exhibit  means such
Article or Section  thereof or  Appendix,  Schedule  or Exhibit  thereto,  (vii)
"hereunder",  "hereof",  "hereto"  and words of similar  import  shall be deemed
references  to an  Operative  Document  as a  whole  and  not to any  particular
Article,  Section  or other  provision  hereof,  (viii)  "including"  (and  with
correlative  meaning  "include") means including without limiting the generality
of any  description  preceding  such term,  (ix) "or" is not  exclusive  and (x)
relative  to the  determination  of any period of time,  "from"  means "from and
including",  "to"  means  "to but not  including"  and  "through"  means "to and
including".

         B.  ACCOUNTING  TERMS.  In each Operative  Document,  unless  expressly
otherwise  provided,  accounting terms shall be construed and  interpreted,  and
accounting  determinations  and  computations  shall be made, in accordance with
GAAP.

         C.  CONFLICT IN OPERATIVE  DOCUMENTS.  If there is any conflict between
any Operative  Documents,  such  Operative  Document  shall be  interpreted  and
construed,  if possible,  so as to avoid or minimize  such  conflict but, to the
extent (and only to the extent) of such conflict,  the  Participation  Agreement
shall prevail and control.

         D.  DEFINED  TERMS.  Unless a clear  contrary  intention  appears,
terms defined  herein have the respective  indicated  meanings when used in each
Operative Document.

         "ACCELERATION"  means  (i)  the  automatic   acceleration  of  Lessee's
obligation to purchase  Lessor's interest in the Leased Property pursuant to the
provisions of SECTION 15.3 of the Lease,

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or (ii) the acceleration of Lessee's  responsibilities  to purchase the Lessor's
interest in the Leased  Property  pursuant to the provisions of SECTION 14.1 and
SECTION 15.2 of the Lease.

         "ADDITIONAL COSTS" means Illegality Costs or Increased Costs.

         "ADDRESS" means, with respect to any Person,  such Person's address set
forth in SECTION 8.2 of the  Participation  Agreement  or such other  address as
such Person shall have identified to the parties to the Participation  Agreement
in writing.

         "ADJUSTED  LIBOR RATE"  means the rate per annum equal to the  quotient
obtained by dividing the LIBOR Rate by the  percentage  obtained by  subtracting
from 100% the applicable LIBOR Reserve Percentage on the date of calculation.

         "AFFILIATE"  means,  with  respect  to any  Person,  any  other  Person
directly or indirectly  controlling,  controlled by or under common control with
such Person. For purposes of this definition,  the term "CONTROL" (including the
correlative  meanings  of the terms  "CONTROLLING,"  "CONTROLLED  BY" and "UNDER
COMMON CONTROL WITH"), as used with respect to any Person, means the possession,
directly or  indirectly,  of the power to direct or cause the  direction  of the
management  policies of such  Person,  whether  through the  ownership of voting
securities or by contract or otherwise; provided, however, (but without limiting
the  foregoing)  that no pledge of voting  securities of any Person  without the
current right to exercise  voting rights with respect thereto shall by itself be
deemed to constitute control over such Person.

         "AFTER-TAX  BASIS" means (i) with respect to any payment to be received
by an Indemnitee (which, for purposes of this definition,  shall include any Tax
Indemnitee),  the amount of such payment  supplemented  by a further  payment or
payments so that,  after  deducting  from such  payments the amount of all Taxes
(net of any current  credits,  deductions or other Tax benefits arising from the
payment by the Indemnitee of any amount,  including Taxes, for which the payment
to be received is made)  actually  imposed  currently on the  Indemnitee  by any
Governmental  Authority or taxing  authority with respect to such payments,  the
balance of such payments  shall be equal to the original  payment to be received
and (ii) with respect to any payment to be made by any Indemnitee, the amount of
such  payment  supplemented  by a further  payment or  payments  so that,  after
increasing  such  payment  by the  amount of any  current  credits  or other Tax
benefits realized by the Indemnitee under the laws of any Governmental Authority
or taxing authority resulting from the making of such payments,  the sum of such
payments  (net of such  credits  or  benefits)  shall be  equal to the  original
payment to be made; provided,  however, for the purposes of this definition, and
for purposes of any payment to be made to either the Lessee or a Tax  Indemnitee
on an after-tax  basis, it shall be assumed that federal,  state and local taxes
are payable at the highest combined  marginal federal and state statutory income
tax rate  (taking  into  account the  deductibility  of state  income  taxes for
federal income tax purposes)  applicable to  corporations  from time to time and
that  such  Indemnitee  or the  Lessee  has  sufficient  income to  utilize  any
deductions,  credits (other than foreign tax credits,  the use of which shall be
determined on an actual basis) and other Tax benefits  arising from any payments
described in clause (ii) of this definition.

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         "ALTERATIONS"  means the  construction  or  installation  of  non-trade
fixtures, alterations, improvements, modifications and additions to any Property
including without limitation,  any repair or restoration  pursuant to ARTICLE XI
of the Lease or otherwise.

         "ALTERNATE  LETTER OF CREDIT"  means an  Alternate  Letter of Credit as
defined in the Note Indenture.

         "ANNUAL  FEE"  has  the  meaning  set  forth  in  SECTION  2.02  of the
Reimbursement Agreement.

         "APPLICABLE LAW" means all existing and future  applicable laws, rules,
regulations   (including   Environmental   Laws)  statutes,   treaties,   codes,
ordinances, permits, certificates, orders and licenses of and interpretations by
any Governmental Authorities,  and applicable judgments,  decrees,  injunctions,
writs, orders or like action of any court,  arbitrator or other  administrative,
judicial  or  quasi-judicial   tribunal  or  agency  of  competent  jurisdiction
(including  those  pertaining to health,  safety or the environment  (including,
without limitation,  wetlands) and those pertaining to the construction,  use or
occupancy  of  the  Leased  Property)  and  any  restrictive  covenant  or  deed
restriction or easement of record affecting the Leased Property.

         "APPLICABLE  LIBOR  RATE"  means a rate per  annum  equal at all  times
during each  respective  Interest  Period to the sum of the Adjusted  LIBOR Rate
plus 1.50% per annum.

         "APPLICABLE RATE" means, with respect to the unreimbursed amount of any
Remarketing  Drawing  referred  to in Section  2.03(b)(i)  of the  Reimbursement
Agreement,  the Adjusted LIBOR Rate applicable to a Remarketing Loan effected on
the  date  of  the  Remarketing  Drawing,  provided,  however,  if  any  of  the
circumstances  described in Section  2.03(f)(i) or (iii) shall have occurred and
remain  applicable on the date of the Remarketing  Drawing,  the Applicable Rate
shall be the Base Rate in effect on such date.

         "ASSIGNMENT  OF LEASE  AND  RENTS"  means the  Assignment  of Lease and
Rents, dated as of the date of the Participation  Agreement,  from the Lessor to
the Credit Bank, together with any other amendments or supplements thereto.

         "AWARDS"  means any award or  payment  received  by or  payable  to the
Issuer,  the Lessor or the Lessee on  account  of any  Condemnation  or Event of
Taking  (less the actual  costs,  fees and expenses  incurred in the  collection
thereof,  for which the Person  incurring the same shall be reimbursed from such
award or payment).

         "BANKRUPTCY  LAW" means  Title 11,  U.S.  Code or any other  applicable
insolvency  law or law for the relief of debtors of the United States of America
or any State or Commonwealth thereof.

         "BANKRUPTCY CODE" means the Bankruptcy Reform Act of 1978, as amended.

         "BASE RATE" means the rate of interest published or announced from time
to time by the  Credit  Bank as its  base or  prime  rate,  which  rate  may not
necessarily  represent the lowest or best

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rate actually charged to any customer.  Any rate of interest  hereunder which is
calculated using the Base Rate shall change automatically and immediately as and
when the Base Rate shall change without notice to the Lessor or the Lessee,  and
any notice of such change in the Base Rate to which the Lessor or the Lessee may
otherwise be entitled is hereby waived,  and any such change shall not alter any
of the terms and conditions of the  Participation  Agreement,  the Reimbursement
Agreement or the other Operative Documents.

         "BASE RATE LOAN"  means any portion of a  Remarketing  Loan as to which
the applicable interest rate is the Base Rate.

         "BASIC  RENT"  means the rent  payable on each Rent  Payment  Date,  as
provided in SECTION 4.1 of the Lease.

         "BORROWER  PROMISSORY  NOTE"  means the  promissory  note issued by the
Lessor to the Issuer to  evidence  the Loan,  together  with any  amendments  or
supplements thereto or replacement thereof, as the context shall require.

         "BUSINESS  DAY"  means a day of the year,  other  than (i) a  Saturday,
Sunday or legal  holiday on which banking  institutions  in the State of Georgia
are  authorized  or required by law to close or (ii) a day on which The New York
Stock Exchange is closed.

         "CASUALTY" means an event of damage or casualty relating to all or part
of the Leased Property which does not constitute an Event of Loss.

         "CHARLOTTE  PARCEL"  means the parcel or parcels of land  described  in
Appendix II, Schedule I, of the Lease.

         "CHARLOTTE  PROPERTY"  means the  Charlotte  Parcel  together  with the
Improvements located thereon.

         "CLAIMS" means  liabilities,  obligations,  damages,  losses,  demands,
penalties,  fines,  claims,  actions,  suits,  judgments,  settlements,  utility
charges,  costs,  expenses and  disbursements  (including,  without  limitation,
reasonable legal fees and expenses) of any kind and nature whatsoever.

         "CLOSING DATE" means April 3, 2000.

         "CODE"  means  the  Internal  Revenue  Code of 1986,  as  amended,  and
references  to  the  Code  and  Sections  of the  Code  shall  include  relevant
regulations and proposed regulations  thereunder and any successor provisions to
such Sections, regulations or proposed regulations.

         "CONDEMNATION"  means  any  condemnation,   requisition,  confiscation,
seizure  or other  taking or sale of the use,  occupancy  or title to the Leased
Property or any part thereof in, by or on account of any actual  eminent  domain
proceeding or other action by any  Governmental  Authority or other Person under
the power of  eminent  domain,  or any  transfer  in lieu of or in  anticipation
thereof,  which  in  any  case  does  not  constitute  an  Event  of  Taking.  A
Condemnation

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shall be deemed  to have  "occurred"  on the  earliest  of the  dates  that use,
occupancy or title is taken.

         "CONTRACTUAL OBLIGATION" means, as applied to any Person, any provision
of any  Securities  issued by that Person or any  indenture,  mortgage,  deed of
trust, contract,  undertaking,  agreement, instrument or other document to which
that  Person is a party or by which it or any of its  properties  is bound or to
which it or any of its properties is subject (including, without limitation, any
restrictive covenant affecting any of the properties of such Person).

         "CONTRIBUTION"  means,  at any time,  the aggregate sum of  $877,515.46
advanced  by the Lessor  from its own funds for the  payment of  Property  Costs
pursuant to SECTION 2.2 (b) of the Participation Agreement,  less any portion of
the principal amount thereof  indefeasibly  repaid to the Lessor pursuant to the
Operative Documents as of the time of determination.

         "CONTRIBUTION  RETURN" means, as of any date of  calculation,  (a) with
respect to the aggregate amount of the Contribution then outstanding,  a pre-tax
cumulative  return on the balance of the  Contribution  outstanding from time to
time,  computed  at a per annum  rate  equal to (i)  during  any  period  when a
Remarketing Loan, if it were then outstanding under the Reimbursement Agreement,
would be treated as a LIBOR Rate Loan, the Contribution Return Rate; (ii) during
any period when either (A) such  Remarketing  Loan would be a Base Rate Loan, or
(B) the Base Rate  would  apply as a result  of any  circumstance  described  in
SECTION 2.03(f) of the Reimbursement  Agreement,  the Base Rate; or (iii) during
any period when an Event of Default shall have occurred and remain uncured,  the
Overdue Rate; PROVIDED,  HOWEVER,  that in none of the foregoing cases shall the
applicable  foregoing  rate exceed the highest  rate of  interest  permitted  by
Applicable Law which would be applicable to the  Contribution if it were treated
as  indebtedness  of the  Lessee to the  Lessor.  Contribution  Return  shall be
payable on each Rent Payment Date from the proceeds of the Facility Rent payable
by the  Lessee on each such date and any  amount of  Contribution  Return not so
paid when due will bear interest at the Overdue Rate until paid in full (whether
after or before judgment).

         "CONTRIBUTION  RETURN  RATE"  means a rate per annum equal at all times
during  each  respective  Interest  Period  applicable  to  the  calculation  of
Contribution  Return,  to the sum of the Adjusted LIBOR Rate  applicable to such
Interest Period plus 1.50 % per annum.

         "CREDIT BANK" means SunTrust Bank, a banking corporation duly organized
and validly existing under the laws of the State of Georgia, or any other issuer
of the Letter of Credit.

         "CREDIT BANK'S TITLE POLICY" is defined in SECTION 3.1(b)(vi) of the
Participation Agreement.

         "CREDIT  DOCUMENTS" means the  Reimbursement  Agreement,  the Letter of
Credit,  the  Borrower  Promissory  Note,  and the Security  Documents,  and all
documents and instruments  executed and delivered in connection with each of the
foregoing.

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         "CREDIT  EVENT OF DEFAULT"  shall mean any of the events  specified  in
Article V of the Reimbursement Agreement,  PROVIDED THAT any requirement for the
giving of notice or for the lapse of time has been satisfied in connection  with
such event.

         "CREDIT  POTENTIAL  EVENT OF  DEFAULT"  means any event,  condition  or
failure which, with notice or lapse of time or both, would become a Credit Event
of Default.

         "CREDIT RENT" is defined in SECTION 4.1(c) of the Lease.

         "DATE OF  ISSUANCE"  means  the date on which  the  Letter of Credit is
issued and becomes effective.

         "DEBT SERVICE" means Debt Service as defined in the Note Indenture.

         "DEED" or "DEEDS" means,  as the context shall require,  one or more of
the deeds by which the Lessor took title to one or more Parcels of the Land.

         "DEFAULT"  means an event or condition  the  occurrence or existence of
which would,  with the lapse of time or the giving of notice or both,  become an
Event of Default (other than an Event of Default described in ARTICLE XIII(h) of
the Lease).

         "DEFAULT RENT PAYMENT DATE" is defined in SECTION 14.1(e) of the Lease.

         "DEPOSITORY"  means any security  depository  that is a clearing agency
under federal law operating and maintaining,  with participants or otherwise,  a
book entry system to record  ownership of book entry interest in the Notes,  and
to effect  transfers of book entry interest in the Notes in book entry form, and
includes and means The Depository Trust Company, New York, New York.

         "DOLLARS" and the sign "$" mean freely transferable money of the United
States of America.

         "DRAWING" means any one or more of an Interest Drawing, a Principal
Drawing, a Program Expense Drawing or a Remarketing Drawing.

         "EFFECTIVE DATE" means the date upon which interest starts to accrue
under the Borrower Promissory Note.

         "ENVIRONMENTAL AUDIT" means a Phase One environmental site assessment
(the scope and performance of which meets or exceeds ASTM standard Practice
E1527-93, Standard Practice for Environmental Site Assessments: Phase One
Environmental Site Assessment Process) for each Property, and if called for by
the Phase One site assessment, a Phase Two environmental site assessment the
scope and performance of which are approved by the Credit Bank in its sole
discretion.

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         "ENVIRONMENTAL  LAWS" means and include the Resource  Conservation  and
Recovery  Act of 1976,  (RCRA) 42 U.S.C.  Sections  6901-6987,  as  amended by
the Hazardous and Solid Waste  Amendments of 1984, the  Comprehensive
Environmental Response, Compensation and Liability Act, as amended by the
Superfund Amendments and  Reauthorization  Act of 1986, 42 U.S.C.  Sections
9601-9657,  (CERCLA),  the Hazardous Materials  Transportation Act of 1975,
49 U.S.C. Sections 1801-1812, the Toxic Substances Control Act, 15 U.S.C.
Sections. 2601-2671,  the Clean Air Act, 42 U.S.C. Sections 7401 et seq., the
Federal Insecticide,  Fungicide and Rodenticid Act, 7 U.S.C.  Sections  136 et
seq., and all  similar  federal, state and local environmental laws, ordinances,
rules, orders,  statutes,  decrees,  judgments, injunctions,  codes and
regulations, and any other federal, state or local laws, ordinances,  rules,
codes and regulations  relating to the  environment,  human health  or natural
resources  or the  regulation  or  control of or imposing liability or standards
of conduct  concerning  human  health, the environment, Hazardous Materials or
the clean-up or other remediation of the Leased Property, or any part thereof,
as any of the foregoing may have been from time to time amended, supplemented or
supplanted.

         "ENVIRONMENTAL  PERMITS" means all permits,  licenses,  authorizations,
certificates and approvals of Governmental Authorities required by Environmental
Laws.

         "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time or any successor federal statute.

         "EVENT OF DEFAULT" means any event or condition designated as an "Event
of Default" in the Lease.

         "EVENT OF LOSS" is defined in SECTION 11.1 of the Lease.

         "EVENT OF TAKING" is defined in SECTION 11.2 of the Lease.

         "EXCLUDED RIGHTS" is defined in SECTION 1 of the Assignment of Lease
and Rents.

         "EXPIRATION DATE" means the Expiration Date as defined in the Letter of
Credit.

         "FACILITATION AGREEMENT" is defined in SECTION 4.2 of the Lease.

         "FACILITATION FEE" means the amount specified as the Facilitation Fee
to be paid by the Lessee to the Lessor as set forth in SECTION 4.2 of the Lease
and in the Facilitation Agreement.

         "FACILITY RENT" means amounts payable as Facility Rent as specified in
SECTION 4.1 of the Lease.

         "FAIR MARKET SALES VALUE" means, with respect to the Leased Property or
any portion thereof, the fair market sales value as determined by an independent
appraiser chosen by the Lessee (and otherwise reasonably acceptable to the
Credit Bank) that would be obtained in any arms-length transaction between an
informed and willing buyer (other than a lessee currently in possession and an
informed and willing seller, under no compulsion, respectively, to buy or sell
and neither of which is related to the Lessor or the Lessee, for the purchase of
the Lease

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Property. Such fair market sales value shall be calculated as the value for the
use of the Leased Property assuming, in the determination of such fair market
sales value, that the Leased Property is in the condition and repair required to
be maintained by the terms of the Lease (unless such fair market sales value is
being determined for purposes of SECTION 14.1 of the Lease and except as
otherwise specifically provided in the Lease, or the Participation Agreement, in
which case this assumption shall not be made).

         "FINAL RENT PAYMENT DATE" is defined in SECTION 14.1(a) of the Lease.

         "FINANCIAL ADVISOR" means Cornerstone Capital Corporation.

         "FISCAL  YEAR" means the fiscal year of the Lessee,  which shall be the
twelve  (12)  monthly  accounting  periods  ending on the last  calendar  day of
December  or such other  period as the Lessee may  designate  and the Issuer may
approve in writing.

         "FRAMINGHAM  PARCEL"  means the parcel or parcels of land  described in
Appendix II, Schedule II, of the Lease.

         "FRAMINGHAM  PROPERTY"  means the Framingham  Parcel  together with the
Improvements located thereon.

         "FUNDING"  means the  disbursement  of the proceeds of the Loan and the
Contribution pursuant to SECTION 2.2 of the Participation Agreement.

         "FUNDING  REQUISITION"  means the Funding  Requisition  provided for in
SECTION 2.2(c) and (d) of the Participation Agreement.

         "GAAP" means  generally  accepted  accounting  principles in the United
States of America as in effect from time to time.

         "GOVERNMENTAL ACTION" means all permits, authorizations, registrations,
consents, approvals, waivers, exceptions, variances, orders, judgments, decrees,
licenses, exemptions,  publications,  filings, notices to and declarations of or
with, or required by, any Governmental  Authority, or required by any Applicable
Law and shall include, without limitation,  all siting, building,  environmental
and  operating  permits and  licenses  that are  required  for the  acquisition,
construction, use, occupancy, zoning and operation of the Leased Property.

         "GOVERNMENTAL  AUTHORITY"  means the government of the United States of
America,  the government of any other nation,  any political  subdivision of the
United States of America or any other nation (including, without limitation, any
state, territory, federal district, municipality or possession) and any federal,
state, county, municipal or other governmental or regulatory authority,  agency,
board, body, commission,  instrumentality or court, or any political subdivision
thereof.

         "GUARANTOR" means Minnesota Power, Inc., a Minnesota corporation and
its permitted successors and assigns.

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         "GUARANTY"  means the Limited  Guaranty of the  Guarantor,  dated as of
March 31,  2000,  in favor of the Lessor and the Credit  Bank,  and executed and
delivered in connection with the other Operative Documents.

         "HAZARDOUS  MATERIAL"  means any substance,  waste or material which is
toxic, explosive, corrosive, flammable, infectious,  radioactive,  carcinogenic,
mutagenic or otherwise hazardous, including petroleum, crude oil or any fraction
thereof,  petroleum  derivatives,  by products and other  hydrocarbons and is or
becomes  regulated  by  any  Governmental   Authority,   including  any  agency,
department, commission, board or instrumentality of the United States, the State
or  any  political  subdivision  thereof  and  also  including  asbestos,   urea
formaldehyde foam insulation, polychlorinated biphenyls ("PCBs") and radon gas.

         "HOLDER" means,  when used with respect to any of the Notes, the Holder
as defined in the Note Indenture.

         "IMPROVEMENTS"   means  the  buildings,   structures  and  improvements
described  in  Appendix II of the Lease and located or at any time to be located
on each Parcel,  along with all fixtures used or useful in  connection  with the
operation of the Leased Property,  including,  without limitation, all furnaces,
boilers,  compressors,  elevators,  fittings,  pipings,  connectives,  conduits,
ducts, partitions,  equipment and apparatus of every kind and description now or
hereafter  affixed  or  attached  or used  or  useful  in  connection  with  the
buildings,   and  all   Alterations   (including  all   restorations,   repairs,
replacements  and rebuilding of such  buildings,  improvements  and  structures)
thereto (but in all the above cases  excluding  trade  fixtures and any personal
property owned by the Lessee).

         "INCREASED  COSTS"  means  any  additional  amounts,  as set forth in a
reasonably  detailed  certificate  submitted to the Lessee as to the amounts and
basis for such amounts,  sufficient to compensate the Credit Bank, the Issuer or
the Lessor (with  respect to the  calculation  of  Contribution  Return) for any
increased  costs or reduced return on capital as a result of the issuance of the
Letter of Credit,  or the  funding or  holding  by such  Person of the  Borrower
Promissory  Note, or the  Contribution,  as the case may be (including,  without
limitation,  any such increased costs that are a result of the imposition of any
reserve,  special deposit,  capital adequacy or similar requirement  (including,
without limitation, regulations of the Board of Governors of the Federal Reserve
System)  against  assets of, or  deposits  with or for the account of, or credit
extended by such Person) as a result of (i) the  introduction or  implementation
after the Closing Date of any  applicable  law or other change  therein,  or any
change in interpretation or  administration  thereof,  or (ii) the compliance by
such Person with any  guideline  or request  (whether or not having the force of
law) of any such  authority,  central bank or comparable  agency,  which becomes
effective  after the  Closing  Date,  has the effect of  increasing  the cost or
reducing  the rate of  return  on  capital  to such  Person  (whether  by direct
taxation,  change  in  basis of  taxation,  imposition  of  reserve  or  deposit
requirements  or penalty or  otherwise)  in  respect  of its  agreeing  to make,
making, funding or maintaining the Loan or Contributions, as applicable.

         "INDEMNITEE"  means (i) the Holders,  the Credit Bank, the Lessor,  the
Note Trustee,  the Issuer and their respective  successors,  permitted  assigns,
permitted transferees,  employees,

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officers,  directors and agents thereof,  (ii) the Issuer,  and its managers and
Affiliates,  and  their  respective  officers,  employees,   directors,  agents,
organizers,  incorporators and  stockholders,  and (iii) in the case of the Note
Trustee,  also including any trustee named in or holding office as trustee under
the Note Indenture,  in its individual  capacity,  and its officers,  directors,
agents and employees; PROVIDED, HOWEVER, that in no event shall the Lessee be an
Indemnitee.

         "INDEMNITEE GROUP" means, as applicable,  (i) the respective employees,
officers,  directors and agents of the Issuer, the Holders, the Credit Bank, the
Lessor, and the Note Trustee, (ii) in the case of the Lessor, also including its
constituent partners or members, and its officers, employees, directors, agents,
organizers,  incorporators,  stockholders,  managers and Affiliates and (iii) in
the case of the Note  Trustee,  also  including  any trustee named in or holding
office as trustee under the Note Indenture in its individual  capacity,  and its
officers,  directors, agents and employees;  PROVIDED, HOWEVER, that in no event
shall the Lessee be a member of an Indemnitee Group.

         "INDEMNIFIED  CLAIMS" is defined  in SECTION  7.3 of the  Participation
Agreement.

         "INSTITUTIONAL  INVESTOR"  means any bank,  trust company,  savings and
loan  association  or  other  financial  institution,   any  pension  plan,  any
investment company,  any insurance company, any broker or dealer, or any similar
financial  institution or entity,  regardless of legal form;  PROVIDED that such
Person also  constitutes  a "qualified  institutional  buyer" as defined in Rule
144A under the Securities Act.

         "INTEREST  DRAWING" means an Interest  Drawing as defined in the Letter
of Credit.

         "INTEREST PAYMENT DATE" is used with the definition supplied in SECTION
1.01 of the Note Indenture.

         "INTEREST  PERIOD"  means,  with respect to any  Remarketing  Loan, the
one-month  period  commencing  on the date of a  Remarketing  Drawing,  and with
respect  to the  calculation  of  Contribution  Return,  the  one  month  period
commencing on the Closing Date (PROVIDED that if either such  commencement  date
is not an  Interest  Payment  Date,  the period  commencing  on the date of such
Remarketing  Drawing, or the Closing Date, as the case may be, and ending on the
next  succeeding  Interest  Payment Date);  and  thereafter  with respect to the
continuation  thereof,  each succeeding  one-month period commencing on the last
day of the immediately preceding Interest Period and ending on the corresponding
day of the next succeeding month.

         "ISSUER"   means   Cornerstone   Funding   Corporation  I,  a  Delaware
corporation, and its permitted successors and assigns.

         "ISSUER  FINANCING  STATEMENTS"  means  such UCC  financing  statements
required to be filed by the UCC to perfect the  security  interest of the Credit
Bank in any Pledged Notes at any time held by the Trustee for the benefit of the
Credit  Bank,  with the Issuer as the debtor and the Credit  Bank as the secured
party; the security interest of the Credit Bank in the Borrower  Promissory Note
created by the assignment thereof as collateral  security for the payment of the
Letter of Credit Liabilities,  with the Issuer as the debtor and the Credit Bank
as the secured party; and the

                                      -10-
<PAGE>

security interest in the Borrower Promissory Note and such other property of the
Issuer as shall be  assigned  and  granted to the  Trustee  pursuant to the Note
Indenture, with the Issuer as the debtor and the Trustee as the secured party.

         "KNOXVILLE  PARCEL"  means the parcel or parcels of land  described  in
Appendix II, Schedule III, of the Lease.

         "KNOXVILLE  PROPERTY"  means the  Knoxville  Parcel  together  with the
Improvements located thereon.

         "LAND" means, collectively, the Charlotte Parcel, the Framingham Parcel
and the Knoxville Parcel.

         "LAWS" means all  ordinances,  statutes,  rules,  regulations,  orders,
injunctions,  writs,  treaties or decrees of any  Governmental  Authority or any
governmental  or political  subdivision  or agency  thereof,  or of any court or
similar entity established by any thereof.

         "LEASE"  means the Lease  Agreement  between  the Lessor and the Lessee
dated  as of  the  date  of  the  Participation  Agreement,  together  with  any
amendments and supplements  thereto,  pursuant to which,  INTER ALIA, the Lessee
leases the Leased Property from the Lessor.

         "LEASE  BALANCE"  means,  as of  any  date  of  determination,  without
duplication,  an amount  equal to the sum of (i) the  principal  balance  of the
Borrower  Promissory  Note,  all  accrued and unpaid  interest  on the  Borrower
Promissory  Note  and any  premium  or  prepayment  fee or  penalty  payable  in
connection  with  the  prepayment  thereof,  plus  (ii)  all  Letter  of  Credit
Liabilities,   plus  (iii)  the   Contribution,   and  all  accrued  and  unpaid
Contribution  Return thereon,  plus (iv) accrued and unpaid Basic Rent, plus (v)
all other  amounts  (including  Supplemental  Rent)  owing by the  Lessee to the
Lessor,  the Credit  Bank,  the Issuer or the Note Trustee  under the  Operative
Documents.

         "LEASE TERM" means (i) the period  commencing on the Closing Date,  and
ending on the  Scheduled  Termination  Date or (ii) such  shorter  period as may
result from earlier termination of the Lease as provided therein.

         "LEASE  TERMINATION DATE" means the Scheduled  Termination Date or such
earlier date on which the Lease Term shall end as provided in the Lease.

         "LEASED  PROPERTY"  means all of the  Properties at any time subject to
the Lease.

         "LESSEE"  means  ADESA  Corporation,  an Indiana  corporation,  and its
permitted successors and assigns under the Lease.

         "LESSEE  FINANCING  STATEMENTS"  means  such UCC  financing  statements
required to be filed by the UCC to perfect the security  interests  described in
SECTION 2.5 and in ARTICLE  XII of the Lease,  with the Lessee as the debtor and
the Lessor as the secured party, and such UCC

                                      -11-

<PAGE>

financing  statements  necessary to assign such security  interest to the Credit
Bank, pursuant to the Assignment of Lease and Rents.

         "LESSOR" means Asset  Holdings III, L.P., an Ohio limited  partnership,
and its permitted successors and assigns as Lessor under the Lease.

         "LESSOR'S ESTATE" means all property, rights, privileges and franchises
of every kind and  description,  real,  personal  or mixed,  whether  previously
granted, conveyed,  assigned, pledged over and confirmed, or intended, agreed or
covenanted so to be, to the Lessor  including,  without  limitation,  all right,
title and interest  (whether direct,  indirect,  contingent or otherwise) of the
Lessor in the following property:

                  (a) the Leased  Property and any  contracts,  instruments or
documents  entered into in connection  therewith or relating thereto;

                  (b) the Lease, including all rights to receive the payments of
Lease Balance,  Purchase Option Price, Basic Rent,  Supplemental Rent,  Recourse
Deficiency Amount, Sales Proceeds, any and all amounts payable or rights arising
under or as a result of  insurance  and  condemnation  awards and other  amounts
payable or rights arising under the Lease,  any and all amounts payable pursuant
to any  indemnities  under the  Operative  Documents  and the right to the Sales
Proceeds,  but excluding amounts paid or payable to the Lessor in its individual
capacity;

                  (c) the Guaranty;

                  (d) the Participation Agreement,  including all rights to
receive payment of the Recourse Deficiency Amount, but excluding amounts paid or
payable to the Lessor in its individual capacity;

                  (e) any  cash,  condemnation  or  casualty  award  or  payment
hereafter  deposited  or  required  to be  deposited  with the Lessor  under the
Operative  Documents,  but  excluding  amounts  paid or payable to the Lessor in
connection  with any of the Excluded  Rights,  or  otherwise  in its  individual
capacity; and

                  (f) all other Operative Documents to which the Lessor is party
and all other  documents,  moneys and other property which may from time to time
pursuant to any Operative  Document be delivered to or come into the  possession
of the  Lessor  and be  intended  to be held for the  benefit  of the  Lessor or
received in connection with the enforcement of any of the Operative Documents;

PROVIDED,  HOWEVER, that the Lessor's Estate, except for the Excluded Rights, is
and will be assigned,  pledged and mortgaged to the Credit Bank pursuant to, and
is and will be subject to the Lien of, the Assignment of Lease and Rents and the
Mortgages,  and is thereby  rendered  junior  and  subordinate  to the  Borrower
Promissory  Note and the payment  thereof  except with  respect to the  Excluded
Rights.

                                      -12-
<PAGE>

         "LESSOR  FINANCING  STATEMENTS"  means  such UCC  financing  statements
required to be filed by the UCC in order to perfect the  security  interests  in
the Collateral granted pursuant to the Mortgages for such Property, and pursuant
to the  Assignment  of Lease and  Rents,  with the  Lessor as the debtor and the
Credit Bank as the secured party.

         "LESSOR  INDEMNITEE"  means the Lessor,  its  successors  and permitted
assigns, permitted transferees,  incorporators,  members,  employees,  officers,
manager and agents.

         "LESSOR  LIENS"  means Liens on or against  the Leased  Property or any
portion thereof,  the Lease or any payment of Rent (i) which result from any act
of, or any Claim  against,  the Lessor  unrelated  to the  exercise  of Lessor's
rights under the  Operative  Documents or (ii) which result from any Tax owed by
the Lessor,  except any Tax which the Lessee is  obligated  by law to pay or for
which the Lessee has agreed to indemnify the Lessor.

         "LETTER OF CREDIT" means the direct-pay,  irrevocable  letter of credit
in the  Stated  Amount,  issued  by the  Credit  Bank to the  Note  Trustee  and
delivered to the Note Trustee at the Closing,  as the same may from time to time
be amended, modified, replaced, reinstated,  reconfirmed,  reissued or extended,
including, without limitation, any Alternate Letter of Credit.

         "LETTER  OF  CREDIT  FEES"  is  defined  in  SECTION   2.02(f)  of  the
Reimbursement Agreement.

         "LETTER OF CREDIT LIABILITIES" means, at any time, the Stated Amount of
the Letter of Credit then outstanding and available to be drawn upon by the Note
Trustee,  plus all unreimbursed  Drawings (including accrued and unpaid interest
thereon as in the Reimbursement Agreement provided),  plus any and all Letter of
Credit Fees and any and all other fees,  expenses,  costs or other  amounts then
due and  payable to the  Credit  Bank under the  Reimbursement  Agreement  or in
respect of the Letter of Credit or the Notes.

         "LETTER OF CREDIT  PAYMENT  DATE" means the  Business  Day on which any
amount is then due and payable under the Reimbursement Agreement.

         "LIBOR  RATE" means,  for any  Interest  Period to which the LIBOR Rate
applies,  an interest  rate per annum equal to the offered rate for U.S.  Dollar
deposits of not less than $1,000,000 for a period of time equal to each Interest
Period as of 11:00 A.M.  City of London,  England time two London  Business Days
prior  to the  first  date of each  Interest  Period  as  shown  on the  display
designated as "British Bankers Assoc. Interest Settlement Rates" on the Telerate
System ("Telerate"),  Page 3750 or Page 3740, or such other page or pages as may
replace  such  pages on  Telerate  for the  purpose  of  displaying  such  rate;
PROVIDED,  HOWEVER,  that if such rate is not  available  on Telerate  then such
offered rate shall be otherwise independently determined by the Credit Bank from
an alternate,  substantially  similar independent source available to the Credit
Bank  or  shall  be  calculated  by  Credit  Bank  by  a  substantially  similar
methodology as that theretofore used to determine such offered rate in Telerate.

         "LIBOR RATE LOAN" means any  Remarketing  Loan to which the  applicable
rate of interest is determined by reference to the LIBOR Rate.

                                      -13-
<PAGE>

         "LIBOR RESERVE PERCENTAGE" means the reserve requirement  including any
supplemental and emergency  reserves  (expressed as a percentage)  applicable to
member  banks  of  the  Federal   Reserve  System  in  respect  of  eurocurrency
liabilities  under Regulation D of the Board of Governors of the Federal Reserve
System, or any substituted or amended reserve requirements  applicable to member
banks of the Federal Reserve System which is in effect as of the date hereof and
taking into account any transitional  requirements  thereto  becoming  effective
during the term of the Letter of Credit.

         "LIEN" means any lien, mortgage,  deed of trust,  encumbrance,  pledge,
charge,  lease,  easement,  servitude,  right of others  (legal or equitable) or
security  interest  of  any  kind,  including  any  thereof  arising  under  any
conditional sale or other title retention agreement.

         "LOAN" means the loan of the proceeds from the sale of the Notes in the
principal  sum of up to  $28,373,000  made by the  Issuer  to the  Lessor on the
Closing Date and evidenced by the Borrower Promissory Note.

         "LOSS PROCEEDS" shall have the meaning specified in SECTION 11.6 of the
Lease.

         "MATERIAL  ADVERSE EFFECT" means a material adverse effect upon (i) the
financial condition, operations, performance or properties of the Lessee and its
Subsidiaries,  taken as a whole, or (ii) the ability of the Lessee or any of its
Subsidiaries,  including,  without limitation,  any of the Lessee, to perform in
any material respect under the Operative Documents.

         "MATURITY DATE" means April 1, 2020.

         "MEMORANDUM OF LEASE" means each  Memorandum of Lease,  dated as of the
date of the  Participation  Agreement,  between  the  Lessee  and  Lessor  which
describes the Lease and certain of its provisions and is intended to be recorded
in the real  property  records of the county and state in which each Property is
located.

         "MOODY'S" shall mean Moody's Investors Service, Inc., a Delaware
corporation, its successors and assigns.

         "MORTGAGES" means the Deed of Trust and Security  Agreement or Mortgage
and Security Agreement dated as of the date of the Participation  Agreement made
and  executed by Lessor and  delivered  to the Credit Bank with  respect to each
Property, as amended and supplemented from time to time.

         "NET WORTH" means,  for any Person as of the date of any  determination
thereof,  the sum of (i) the par value (or value stated on the books of the such
Person) of the capital  stock of all classes of such  Person,  plus (or minus in
the case of a surplus  deficit)  (ii) the  amount of the  consolidated  surplus,
whether capital or earned,  of the Person and its  Subsidiaries,  plus (iii) the
amount of paid in capital,  less the sum of  treasury  stock,  unamortized  debt
discount and expense, goodwill,  trademarks,  tradenames,  patents,  non-current
deferred  charges and other  intangible  assets and any write-up of the value of
any asset,  all as  determined  on a  consolidated  basis for the Person and its
Subsidiaries in accordance with GAAP.

                                      -14-
<PAGE>
         "NON-DISTURBANCE  AND ATTORNMENT  AGREEMENT" means each  Subordination,
Non-Disturbance  and  Attornment  Agreement,   dated  as  of  the  date  of  the
Participation  Agreement,  by and among the  Credit  Bank,  the  Lessor  and the
related Lessee, together with any amendments or supplements thereto.

         "NOTES" or "SERIES 2000A NOTES" means the Issuer's  $28,373,000
aggregate  principal  amount of Floating  Rate Notes,  Series 2000A.

         "NOTE  INDENTURE"  means that certain Trust Indenture of even date with
the Participation  Agreement between the Note Trustee and the Issuer, as amended
and supplemented from time to time.

         "NOTE TRUSTEE" shall mean Fifth Third Bank, a banking  corporation duly
organized,  validly  existing and authorized to exercise  corporate trust powers
under the laws of the State of Ohio,  and its  successors  and  assigns in trust
under the Note Indenture.

         "OFFICER'S  CERTIFICATE" of a Person means a certificate  signed by the
Chairman of the Board or the  President or any Executive  Vice  President or any
Senior Vice  President or any other Vice  President of such Person  signing with
the  Treasurer or any  Assistant  Treasurer or the  Controller  or any Assistant
Controller or the Secretary or any Assistant Secretary of the such Person, or by
any Vice President who is also Controller or Treasurer signing alone.

         "OPERATIVE DOCUMENTS" means the Participation  Agreement,  the Transfer
Documents, the Lease, the Borrower Promissory Note, the Reimbursement Agreement,
the Letter of Credit,  the  Assignment of Lease and Rents,  the  Mortgages,  the
Guaranty, the Non-Disturbance and Attornment Agreements,  the Note Indenture and
the Notes.

         "ORIGINAL  EXECUTED  COUNTERPART"  is defined  in SECTION  18.08 of the
Lease.

         "OUTSTANDING"  means,  with  reference  to the  Notes,  Outstanding  as
defined in the Note Indenture.

         "OVERDUE  RATE"  means the  lesser  of (i) the  highest  interest  rate
permitted by Applicable  Law and (ii) an interest rate per annum  (calculated on
the basis of a 365-day  year) equal to the Base Rate in effect from time to time
plus 2.00%.

         "PARCEL" means each of the Charlotte Parcel,  the Framingham Parcel and
the Knoxville Parcel.

         "PARTICIPATION AGREEMENT" means the Participation Agreement dated as of
March 31, 2000 among the  Issuer,  the Credit  Bank,  the Lessor and the Lessee,
together with all amendments and supplements thereto.

                                      -15-
<PAGE>

         "PAYMENT  DATE" means (i) each Rent Payment Date during the Lease Term,
and (ii) the Lease Termination Date;  PROVIDED,  HOWEVER,  that if any such date
shall not be a  Business  Day,  the  Payment  Date  shall be the next  following
Business Day.

         "PAYMENT  DEFICIENCY"  has the meaning set forth in SECTION  2.03(c) of
the Reimbursement Agreement.

         "PERMITTED  LIENS" means (i) the respective rights and interests of the
Lessee,  the Lessor and the Credit Bank as provided in the Operative  Documents,
(ii) Lessor  Liens,  (iii)  Liens for Taxes  either (A) not yet due or (B) being
contested in good faith and by appropriate  proceedings,  so long as enforcement
thereof is stayed  pending such  proceedings,  (iv)  materialmen's,  mechanics',
workers',  repairmen's,  employees'  or other like Liens arising with respect to
the Land  after the  acquisition  thereof  by Lessor in the  ordinary  course of
business for amounts either not yet due or being  contested in good faith and by
appropriate  proceedings,  so long as enforcement thereof is stayed pending such
proceedings,  (v) Liens  arising with respect to the Land after the  acquisition
thereof by Lessor out of  judgments  or awards with respect to which at the time
an appeal or proceeding for review is being prosecuted in good faith, so long as
the  enforcement  thereof has been stayed  pending  such appeal or review,  (vi)
easements, rights of way, reservations,  servitudes and rights of others against
the Land which are  listed on  Schedule B to the Title  Policy or  permitted  by
ARTICLE VI of the Lease,  and (vii)  assignments,  Lease and sublease  expressly
permitted by the Operative Documents.

         "PERSON"  means  an  individual,   corporation,   partnership,  limited
liability  company,  joint venture,  association,  joint-stock  company,  trust,
nonincorporated   organization   or   government  or  any  agency  or  political
subdivision thereof.

         "PLANS AND SPECIFICATIONS" means the final plans and specifications for
the  Improvements  as such Plans and  Specifications  may be hereafter  amended,
supplemented or otherwise modified from time to time.

         "PLEDGED  NOTES" means the Pledged  Notes as defined in SECTION 2.06 of
the Reimbursement Agreement.

         "PRO RATA FRACTION" means, with respect to each Property, that fraction
of the Lease Balance,  the Recourse  Deficiency  Amount, or other item for which
the  Pro  Rata  Fraction  of a  particular  Property  is to be  calculated,  the
numerator  of which is the  amount  set  forth in the  following  table for such
Property,  and the  denominator of which is the total of such amounts for all of
the Properties subject to the Lease at the time of calculation:

                                                   Applicable
                  Property                           Amount
                  --------                         ----------

        Charlotte Property                         $ 8,000,000
        Framingham Property                        $17,500,000
        Knoxville Property                         $ 3,750,000

                                      -16-
<PAGE>

         "PRINCIPAL  DRAWING" means a Principal Drawing as defined in the Letter
of Credit.

         "PROCEEDING"  means any action,  suit or proceeding in equity or at law
or otherwise.

         "PROGRAM EXPENSE DRAWING" means a Program Expense Drawing as defined in
the Letter of Credit.

         "PROGRAM  EXPENSES" shall mean Program  Expenses as defined in the Note
Indenture.

         "PROPERTY"  means  each  of  the  Charlotte  Property,  the  Framingham
Property, and the Knoxville Property.

         "PROPERTY  COSTS"  is  defined  in  SECTION  2.6 of  the  Participation
Agreement.

         "PURCHASE OPTION" is defined in SECTION 15.1 of the Lease.

         "PURCHASE  OPTION PRICE" means,  for each Property,  an amount equal to
such Property's Pro Rata Fraction of the Lease Balance as of the closing date of
the  purchase  of the  Property  pursuant  to the  exercise by the Lessee of the
Purchase Option, as set forth in SECTION 15.1 of the Lease.

         "QUALIFIED PAYMENT" shall mean any monies paid or payable to the Lessor
or the Credit Bank and identified in the Lease or any other  Operative  Document
as a "Qualified  Payment",  it being agreed that all Qualified Payments shall be
paid to the Credit Bank as a pre-payment  of the Loan to be applied as principal
payments of the Loan,  but without  (unless agreed in writing by the Credit Bank
and the  Lessee)  affecting  or giving rise to any change or  adjustment  of the
Basic Rent except the installment due on the Lease Termination Date.

         "RATE  ADJUSTMENT  DATE"  means  the date on which the  interest  rate,
determined on the related Rate  Determination  Date,  applicable to the Borrower
Promissory  Note becomes  effective.  A Rate Adjustment Date shall occur on each
Thursday.

         "RATE  DETERMINATION  DATE" means the first Business Day next preceding
each Rate Adjustment Date.

         "RATE  PERIOD"  means,  with the  exception of the initial Rate Period,
each  seven day period  commencing  on a  Thursday  and ending on the  following
Wednesday, or the maturity date of the Borrower Promissory Note, whichever shall
first occur.

         "RATING  SERVICE"  means  a  Rating  Service  as  defined  in the  Note
Indenture.

         "RECOURSE  DEFICIENCY  AMOUNT"  means  at any time of  calculation,  an
amount equal to $23,290,000, less, if prior thereto any Property shall have been
purchased  pursuant to the provisions of SECTION 11.1, 11.2 or 15.1 of the Lease
(and the related  purchase  monies paid in full),  the Pro Rata Fraction of each
Property so purchased multiplied by $23,290,000.

                                      -17-
<PAGE>

         "REGULATIONS" means the income tax regulations promulgated from time to
time under and pursuant to the Code.

         "REIMBURSEMENT ACCOUNT" is defined in SECTION 3.07 of the Reimbursement
Agreement.

         "REIMBURSEMENT AGREEMENT" means the Reimbursement Agreement dated as of
the date of the Participation Agreement, between the Credit Bank and the Lessor,
together with all amendments and supplements thereto.

         "RELEASE" means the release, deposit, disposal or leak of any Hazardous
Material  into or upon or under any land or water or air, or otherwise  into the
environment,  including,  without  limitation,  by  means of  burial,  disposal,
discharge,  emission, injection,  spillage, leakage, seepage, leaching, dumping,
pumping, pouring, escaping, emptying, placement and the like.

         "RELEASE  DATE"  means the date that the Loan has been paid in full and
all Contributions have been repaid in full.

         "REMARKETING AGENT" means, initially,  Cornerstone Capital Corporation,
an  Ohio  Corporation,   its  successors  and  assigns,  and  any  other  Person
subsequently  appointed and acting as  remarketing  agent under the  Remarketing
Agreement.

         "REMARKETING  AGREEMENT"  means the  Remarketing  Agreement dated as of
March 31, 2000 between the Issuer,  the Credit Bank and the  Remarketing  Agent,
relating to the  remarketing  of the Notes,  as such agreement may be amended as
permitted therein.

         "REMARKETING CONDITIONS" is defined in SECTION 15.6(b) of the Lease.

         "REMARKETING  DRAWING"  means a  Remarketing  Drawing as defined in the
Letter of Credit.

         "REMARKETING OPTION" is defined in SECTION 15.6 of the Lease.

         "RENT" means Basic Rent and Supplemental Rent, collectively.

         "RENT PAYMENT DATE" means the last Business Day of each calendar  month
during the Lease Term.

         "RENT  PERIOD"  means (i) the period  beginning on the Closing Date and
ending on the first Payment Date, and (ii) each subsequent  period  beginning on
the day immediately after a Payment Date and ending on the next Payment Date.

         "REQUIREMENTS OF LAW" means, as to any Person,  the charter and by-laws
or other organizational or governing documents of such Person, and any law, rule
or regulation,  permit, approval,  authorization,  license or variance, order or
determination of an arbitrator or a court or other  Governmental  Authority,  in
each case applicable to or binding upon such Person or any of its property or to
which  such  Person  or any of  its  property  is  subject,  including,  without

                                      -18-
<PAGE>

limitation, the Securities Act, the Securities Exchange Act, Regulations G, T, U
and X, and any  building,  environmental  or land use  requirement  or permit or
occupational safety or health law, rule or regulation.

         "RESPONSIBLE OFFICER" means the President, any Senior Vice President or
Executive Vice President, the Secretary, or the Treasurer.

         "S&P" shall mean Standard & Poor's Rating Group, a division of
McGraw-Hill, Inc., and its successors and assigns.

         "SALES  PROCEEDS" means the proceeds of any sale of the Leased Property
pursuant to the provisions of SECTION 15.6 or 15.7 of the Lease.

         "SCHEDULED  TERMINATION DATE" means the earlier of (i) April 1, 2010 or
(ii) the last Interest  Payment Date which  precedes the  Expiration  Date by at
least 10 days.

         "SEC" means the United States Securities and Exchange Commission.

         "SECURITIES" means any stock, shares, voting trust certificates, bonds,
debentures,  notes or other  evidences of  indebtedness,  secured or  unsecured,
convertible,  subordinated or otherwise,  or in general any instruments commonly
known  as   "securities",   or  any   certificates  of  interest,   shares,   or
participations  in  temporary  or  interim  certificates  for  the  purchase  or
acquisition  of, or any right to  subscribe  to,  purchase or acquire any of the
foregoing.

         "SECURITIES ACT" means the Securities Act of 1933, as amended.

         "SECURITIES EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.

         "SECURITY  DOCUMENTS"  means the  following  documents  which have been
executed by the Lessee,  the Lessor or the Guarantor and delivered to the Credit
Bank as security for the Lessor's obligations under the Reimbursement Agreement,
the Borrower Promissory Note, the Participation Agreement, and any and all other
present or future Obligations,  agreements,  or indebtedness  between the Lessor
and the Credit Bank: the Lease (to the extent  construed as a mortgage,  deed of
trust,  security agreement or similar security  instrument),  the Guaranty,  the
Mortgages, the Assignment of Lease and Rents and the UCC Financing Statements.

         "STATE"  means,  with respect to each  Parcel,  the State in which such
Parcel is located.

         "STATED AMOUNT" means, at any time, the unpaid principal balance of the
Notes,  plus 45 days' of interest  thereon  calculated at the rate of 14.73% per
annum,  plus 45 days' of Program  Expenses  calculated  with  respect to the par
amount of the Notes then  Outstanding  at a per annum rate of 0.27%.  The Stated
Amount is originally  $28,904,994,  being $28,373,000 of principal,  $522,418 of
interest and $9,576 of Program Expenses.

         "SUBSIDIARY"  means for any Person any  corporation or others entity of
which  securities or other ownership  interests  having ordinary voting power to
elect a majority of the board of

                                      -19-
<PAGE>

directors or other Persons performing similar functions are at the time directly
or indirectly owned by such Person.

         "SUPPLEMENTAL  RENT"  means  any  and  all  amounts,   liabilities  and
obligations  other than  Basic  Rent  which the  Lessee  assumes or agrees or is
otherwise  obligated  to pay under the  Lease or any  other  Operative  Document
(whether or not designated as Supplemental  Rent) to the Lessor, the Issuer, any
Holder, the Credit Bank, the Note Trustee or any other party, including, without
limitation,  Increased  Costs  payable at any time with  respect to the Borrower
Promissory  Note, the Letter of Credit or the Notes,  amounts  payable by Lessee
under ARTICLE XVII of the Lease,  and  indemnities and damages for breach of any
covenants, representations, warranties or agreements.

         "TAX" or "TAXES" is  defined  in  SECTION  7.4(a) of the  Participation
Agreement.

         "TAX  INDEMNITEE"  means the  Lessor,  the  Issuer,  the Holders of the
Notes, and their respective Affiliates, successors, permitted assigns, permitted
transferees, employees, officers, directors and agents thereof (and, in the case
of the  Lessor and the  Issuer,  also  including  their  respective  organizers,
incorporators,  managers, members and stockholders),  PROVIDED, HOWEVER, that in
no event shall the Lessee be a Tax Indemnitee.

         "TITLE   INSURANCE   COMPANY"  means  First  American  Title  Insurance
Corporation and its successors and assigns.

         "TITLE  POLICIES"  are  defined  in  SECTION  3.3 of the  Participation
Agreement.

         "TRANSFER  DOCUMENTS"  means  (i) the  Partnership  Reorganization  and
Redemption  Agreement dated as of March 31, 2000, (the  "Redemption  Agreement")
among the Lessor,  Realty Facility Holdings I, L.L.C., an Ohio limited liability
company ("RFH"), Realty Facility Investments,  L.L.C., an Ohio limited liability
company ("RFI"), Asset Holdings Corporation, a Delaware corporation ("AHC"), and
January  Partnership  Ltd.,  an Ohio  limited  partnership  ("JPL") and (ii) the
Release  and  Waiver  Agreement  dated  as  of  March  31,  2000  (the  "Release
Agreement")  among the  Partnership,  AHC,  JPL,  the  Lessee,  Banc One Capital
Partners   II,   LLC,  a  Delaware   limited   liability   company   ("BOCPII"),
ADESA-Charlotte,  Inc., a North Carolina corporation, A.D.E. of Knoxville, Inc.,
a  Tennessee  corporation,  and  Auto  Dealers  Exchange  of  Concord,  Inc.,  a
Massachusetts corporation.

         "UCC" means the Uniform Commercial Code of, as applicable, the State of
Ohio and each State in which a Property  is  located,  as in effect from time to
time.

         "UCC FINANCING STATEMENTS" means the Lessee Financing  Statements,  the
Lessor  Financing  Statements,  the Issuer  Financing  Statements  and any other
Uniform  Commercial Code Financing  Statement given by the Lessee, the Lessor or
the  Issuer  to be  filed  with the  offices  of the  Secretary  of State or the
Secretary  of  the   Commonwealth,   as  applicable,   of  the  Commonwealth  of
Massachusetts,  the States of Tennessee,  North  Carolina and Ohio, and the real
and personal property records offices of Middlesex County, Massachusetts, Loudon
County, Tennessee, Mecklinburg County, North Carolina and Franklin County, Ohio.

                                      -20-
<PAGE>

         "UNFUNDED  BENEFIT  LIABILITIES"  means,  with  respect to any Employee
Benefit Plan at any time,  the amount of unfunded  benefit  liabilities  of such
Employee Benefit Plan at such time as determined under ERISA Section 4001(a)(18)
which shall not be less than the accumulated benefit obligation, as disclosed in
accordance  with FAS 87, over the fair market  value of  Employee  Benefit  Plan
assets.

         "WEEKLY  RATE" means the rate of interest per annum  determined  by the
Remarketing  Agent and generally in effect for a period of one week,  subject to
adjustment  as  provided in Section  2.03 of the  Reimbursement  Agreement.  The
Weekly Rate shall be the minimum rate of interest  which,  in the opinion of the
Remarketing  Agent,  would be necessary to sell the Notes on the Rate Adjustment
Date in a secondary  market sale at the  principal  amount  thereof plus accrued
interest.

                               (End of Appendix I)

                                      -21-<PAGE>
                                                                   Exhibit 10(e)

                          ASSIGNMENT OF LEASE AND RENTS

         THIS  ASSIGNMENT  OF LEASE AND RENTS  (this  "Assignment")  is made and
entered  into as of the 31st day of March,  2000 by and between  ASSET  HOLDINGS
III,  L.P..,  an Ohio limited  partnership,  as the Lessor (the  "LESSOR"),  and
SUNTRUST BANK, a banking  corporation  duly organized and validly existing under
the laws of the State of Georgia (the "CREDIT BANK"). Capitalized terms that are
not otherwise clearly defined herein shall have the meanings assigned to them in
the Lease Agreement of even date herewith (as amended,  supplemented or restated
from time to time, the "LEASE"), by and between the Lessor and ADESA CORPORATION
(the "LESSEE").

                               W I T N E S S E T H
                               -------------------

         WHEREAS,  the Lease provides for, among other things,  the lease of the
Properties  described  on  Exhibit A attached  hereto (  together,  the  "LEASED
PROPERTY") from the Lessor to the Lessee;

         WHEREAS, the Lessor has requested  Cornerstone Funding Corporation I, a
Delaware  corporation (the "ISSUER"),  make a loan to the Lessor in the original
principal  amount of $28,373,000  (the "LOAN"),  to be evidenced by the Borrower
Promissory  Note,  in order to  finance a portion  of the  Property  Costs to be
incurred by the Lessor in connection with its acquisition of the Leased Property
and arranging for the transactions contemplated by the Operative Documents;

         WHEREAS,  the Credit Bank,  the Lessor,  the Lessee and the Issuer have
entered into that  certain  Participation  Agreement  dated as of March 31, 2000
(together  with  any  amendments  or  supplements  thereto,  the  "PARTICIPATION
AGREEMENT"),  pursuant  to  which  the  Issuer  has  agreed  to  issue  and sell
$28,373,000  in aggregate  principal  amount of its Floating Rate Notes,  Series
2000A (the "Notes"), and apply the proceeds thereof in order to make the Loan to
the Lessor,  on the condition,  among others,  that the Credit Bank issue to the
Note Trustee the Letter of Credit as security for the payment of the Notes;

         WHEREAS,  the Lessor and the Credit Bank have entered into that certain
Reimbursement   Agreement  dated  as  of  March  31,  2000  (the  "REIMBURSEMENT
AGREEMENT"), pursuant to which the Credit Bank has agreed to issue the Letter of
Credit to the Note  Trustee  and the Lessor has agreed to pay all fees  required
for the issuance and  maintenance  of the Letter of Credit and to reimburse  the
Credit Bank for all  Drawings  made under the Letter of Credit and all Letter of
Credit  Liabilities,  and to secure  its  obligations  under  the  Reimbursement
Agreement by granting the Mortgages and this Assignment;

<PAGE>

         WHEREAS,  a condition  to the Credit  Bank's  issuance of the Letter of
Credit and the Lessor's  execution of the Lease is the execution and delivery of
the  Guaranty  to the Credit Bank and the Lessor by  Minnesota  Power,  Inc.,  a
Minnesota corporation (the "GUARANTOR")

         WHEREAS,  to provide further  security for the payment by the Lessor of
its  obligations  to the Credit Bank under the  Reimbursement  Agreement and the
other Operative Documents,  the Lessor, pursuant to this Assignment,  has agreed
to assign to the Credit Bank substantially all of its rights under the Lease and
the Guaranty, as provided herein; and

         WHEREAS,  to secure the Lessor's  obligations  to the Credit Bank under
the Reimbursement  Agreement and the other Operative  Documents,  the Lessor, as
mortgagor  has granted to the Credit Bank,  as  mortgagee,  that certain Deed of
Trust and Security Agreement  (Charlotte  Property),  that certain Deed of Trust
and Security  Agreement  (Knoxville  Property),  and that  certain  Mortgage and
Security Agreement (Framingham  Property),  each of even date herewith (together
with any  amendments or  supplements  thereto,  the  "MORTGAGES"),  collectively
providing,  among other things,  for a mortgage lien on and security interest in
each  Property,  and which are  intended  to be  recorded  in the real  property
records of the respective jurisdiction in which the Properties are located;

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

         SECTION 1.     ASSIGNMENT OF LEASE AND RIGHTS UNDER  GUARANTY.  The
Lessor,  as security for the payment of its obligations to the Credit Bank under
the  Reimbursement   Agreement  and  the  other  Operative   Documents  and  the
performance  and  observance by the Lessor for the benefit of the Credit Bank of
the provisions thereof, has assigned, transferred, conveyed and set over, and by
these  presents does assign,  transfer,  convey and set over, to the Credit Bank
the following:

         ALL OF THE LESSOR'S  INTEREST IN, TO AND UNDER THE LEASE and all of the
Lessor's estate,  right, title,  interest,  claim and demand as the Lessor under
the Lease and all existing or future amendments, supplements or modifications of
the Lease and any guarantees of the Lessee's obligations under the Lease and any
agreements, documents,  instruments,  assignments, pledges, security agreements,
security interests or collateral  securing at any time the Lessee's  obligations
under the Lease;

         TOGETHER  WITH  all  rights,  powers,  privileges,  options  and  other
benefits of the Lessor under the Lease, including,  without limitation,  (1) the
right to receive and collect all Rent, income,  revenues,  issues, profits, Loss
Proceeds, Awards, bankruptcy claims, liquidated damages, purchase price proceeds
(pursuant to SECTIONS 11.1,  11.2,  14.1,  15.1, 15.2, 15.3, 15.5 or 15.6 of the
Lease or otherwise),  the Lease Balance,  the Recourse  Deficiency  Amount,  and
other  payments,  tenders and security  payable to or  receivable  by the Lessor
under the Lease at any time, (2) the right to give and withhold on behalf of and
in the name of Lessor  all  waivers,  consents,  modifications,  amendments  and
agreements under or with respect to the Lease, (3) the right to give and receive
copies of all notices and other instruments or communications  under or pursuant
to the Lease,  (4) the right to take such action and to exercise such rights and
remedies upon the occurrence and during the continuance of a Default or an Event
of Default as shall be permitted by the Lease or by Applicable

                                      -2-

<PAGE>

Law, excluding, however, the Excluded Rights (herein defined), and (5) the right
to do any and all other things  whatsoever  which the Lessor or any lessor under
the Lease is or may be entitled to do thereunder  other than with respect to the
Excluded Rights; and

         TOGETHER WITH the irrevocable right and power to execute and deliver as
agent and  attorney-in-fact  of the Lessor under the Lease, with an interest and
full  power  of  substitution,  an  appropriate  deed,  bill of  sale  or  other
instrument  or  instruments  of  transfer   necessary  or  appropriate  for  the
conveyance and transfer to the Lessee (or third-party  purchasers) of the Leased
Property  pursuant to ARTICLES XI, XIV or XV of the Lease,  and all interests of
the  Lessor  therein  and to  perform  in the name and for and on  behalf of the
Lessor,  as  such  agent  and  attorney-in-fact,  and  all  other  necessary  or
appropriate acts with respect to any such purchase, conveyance and transfer; and

         TOGETHER WITH all of the rights of the Lessor under the Guaranty and to
 receive payments from the Guarantor thereunder;

         EXCLUDING, HOWEVER, the following (the "EXCLUDED RIGHTS"):

         (a)  The  Supplemental  Rent  payable  in  respect of the  Facilitation
Agreement,  as provided in SECTION 4.2 of the Lease and all payments (whether or
not constituting  Supplemental Rent) of any indemnity or other amounts under the
Lease or any other Operative Document which are intended to reimburse the Lessor
for costs,  expenses,  damages or losses incurred by the Lessor and which by the
terms thereof are payable to the Lessor or its  successors,  permitted  assigns,
constituent members, or the incorporators,  stockholders,  employees,  officers,
director, agents or Affiliates of any of the foregoing;

         (b)  The nonexclusive  right to receive  from the Lessee  copies of all
notices,  certificates,  and other documents and information which the Lessee or
any other  Person is required  to give or furnish to the Lessor  pursuant to the
Lease; and

         (c)  All  rights  to sue for,  demand,  collect or  enforce  any of the
foregoing  Excluded  Rights  and all  amounts  paid  or  payable  in  connection
therewith,  all such Excluded Rights being expressly  excepted and excluded from
this collateral assignment.

         SECTION 2.     ASSIGNMENT AS SECURITY.

         (a)  The  assignment made hereby is executed as an absolute and present
assignment,  but is  delivered  to the Credit Bank as security  for the Lessor's
obligations  to the Credit  Bank  under the  Reimbursement  Agreement  and other
Operative Documents,  and the execution and delivery hereof shall not in any way
impair or diminish any obligations of the Lessor as lessor under the Lease or of
the Lessor or the Credit Bank under any of the other  Operative  Documents,  nor
impair,  affect or modify any of the terms and  conditions of the  Reimbursement
Agreement  or  any  of the  other  Operative  Documents,  nor  shall  any of the
obligations  of the  Lessor or of any other  Person  under any of the  Operative
Documents  (other than the express  obligations  of the Credit  Bank) be imposed
upon  the  Credit  Bank,  including,  but not  limited  to,  collecting  Rent or
enforcing performance by the Lessee.

                                      -3-

<PAGE>

         (b)  Without limiting the generality of the foregoing,  the Credit Bank
shall not be obligated to perform or discharge,  nor does the Credit Bank hereby
undertake  to perform or  discharge,  any  obligation,  duty or liability of the
Lessor  under  the  Lease or of the  Lessor  under  any of the  other  Operative
Documents,  or under or by reason of this  Assignment and the Lessor does hereby
waive  any and all  liability,  loss or damage  which  may or might be  asserted
against the Credit Bank by reason of any alleged  obligations or undertakings on
its part to  perform or  discharge  any of the terms,  covenants  or  agreements
contained in the Lease to be performed or discharged  by the Lessor  thereunder.
It is further  understood and agreed that this  Assignment  shall not operate to
(i) place  responsibility  for the control,  care,  management  or repair of the
Leased  Property  upon the Credit  Bank,  nor for the carrying out of any of the
terms and  conditions  of the Lease or of any of the other  Operative  Documents
(except to the extent expressly provided therein), in any such case binding upon
or applicable to the Lessor or (ii) make the Credit Bank  responsible  or liable
for any waste with  respect to the Leased  Property  or any part  thereof by the
Lessee or any Person  other than by the Credit  Bank,  or for any  dangerous  or
defective  condition  of the Leased  Property  or any part  thereof,  or for any
negligence  of the  management,  upkeep,  or repair  or  control  of the  Leased
Property or any part thereof resulting in loss or injury or death to any Lessee,
any sublessee, sublessor, licensee, invitee, employee or stranger other than the
gross negligence or willful misconduct of the Credit Bank.

         SECTION  3.    POWER OF ATTORNEY  WITH  RESPECT  TO THE  LEASE  AND THE
GUARANTY.  Except for the Excluded  Rights,  the Lessor does hereby  irrevocably
constitute  and  appoint the Credit  Bank its true and lawful  attorney  with an
interest  and full  power of  substitution,  for it and in its  name,  place and
stead,  to do any or all of the following:  (i) ask,  demand,  collect,  receive
receipt  for,  sue  for,  compound  and give  acquittance  for all  Basic  Rent,
Supplemental  Rent,  payments  pursuant  to  ARTICLES  IV, XI, XIV and XV of the
LEASE,  purchase proceeds or avails,  income,  Awards, Loss Proceeds,  the Lease
Balance,  the Recourse  Deficiency Amount, and other sums paid or payable to the
Lessor  pursuant to the Lease and the Guaranty and other sums which are assigned
under SECTION 1 hereof and (ii) sue for,  compound and give  acquittance for, or
settle,  adjust or  compromise  any claim  for any and all such  Rent,  purchase
proceeds or avails,  income,  Awards,  Loss  Proceeds,  the Lease  Balance,  the
Recourse  Deficiency  Amount, all payments from the Guarantor under the Guaranty
and all  proceeds  thereof,  and other sums which are assigned  under  SECTION 1
hereof as fully as the Lessor could itself do, and in its discretion to file any
claim or take any other action or proceedings,  either in its own name or in the
name of the Lessor or  otherwise,  which the Credit Bank may deem  necessary  or
appropriate to protect and preserve the right,  title and interest of the Credit
Bank in and to such Rent and other sums and  security  intended  to be  afforded
hereby.  The powers  granted to the Credit Bank in this  Section 3 are,  and are
intended to be,  exclusive to the Credit Bank, and the Lessor shall not take any
actions  covered  by the  powers  granted  in this  Section  3 unless  expressly
requested to do so by the Credit Bank

         SECTION 4.     CREDIT BANK DESIGNATED RECIPIENT.  The Lessor hereby
directs the Lessee and the Guarantor to deliver or remit  directly to the Credit
Bank at its address  set forth in the  Participation  Agreement  all Basic Rent,
Supplemental  Rent,  payments  pursuant  to  ARTICLES  IV, XI, XIV and XV of the
LEASE,  purchase proceeds or avails,  income,  Awards, Loss Proceeds,  the Lease
Balance,  the Recourse  Deficiency Amount, and other sums paid or payable to the
Lessor  pursuant to the Lease and the Guaranty  (but  excluding in all cases all
Excluded Rights and proceeds thereof), by

                                      -4-

<PAGE>

wire transfer of Federal or other funds current and immediately available to the
Credit Bank on or before the due date thereof.

         SECTION  5.    ALLOCATION   PURSUANT   TO   REIMBURSEMENT    AGREEMENT.
Notwithstanding  anything  contained  herein to the contrary,  any and all Basic
Rent, Supplemental Rent, payments pursuant to ARTICLES IV, XI, XIV and XV of the
Lease,  payments in respect of the Lease Balance and of the Recourse  Deficiency
Amount or otherwise,  purchase proceeds or avails, income, Awards, Loss Proceeds
and other sums payable by the Lessee under the Lease or by the  Guarantor  under
the Guaranty paid to or received or collected by or on behalf of the Credit Bank
shall be paid,  allocated and  distributed  pursuant to the terms of, and in the
order of priority provided for in, ARTICLE III of the Reimbursement Agreement

         SECTION 6.     EXCLUDED RIGHTS.  Notwithstanding  anything contained
herein to the contrary, and regardless of whether or not a Loan Event of Default
shall occur or exist,  all Excluded Rights are hereby retained by the Lessor and
are not assigned to the Credit Bank.

         SECTION 7.     IRREVOCABILITY;  SUPPLEMENTAL INSTRUMENTS. The Lessor
agrees that the assignment  made hereby and the designation and direction to the
Lessee set forth in  SECTION 4 are  irrevocable,  and that the Lessor  will not,
while said  assignment is in effect or thereafter  until the Lessee has received
from the Credit Bank written notice of the termination of said assignment,  make
any other assignment, designation or direction inconsistent herewith, and agrees
that any  assignment,  designation or direction  inconsistent  herewith shall be
void.  In  addition,  the Lessor  shall from time to time,  upon  request of the
Credit  Bank,  execute  all  instruments  of  further  assurance  and  all  such
supplemental instruments as the Credit Bank may reasonably specify.

         SECTION 8.     AMENDMENTS OR TERMINATION OF THE LEASE.  Except as
otherwise  permitted  under  this  SECTION  8 or  SECTIONS  6.1  or  8.4  of the
Participation Agreement, the Lessor shall not enter into any agreement amending,
supplementing,  hypothecating,  waiving,  discharging or  terminating  the LEASE
(other  than solely  involving  Excluded  Rights),  the  Mortgages  or any other
agreement,  document or instrument  hereby  assigned by the Lessor to the Credit
Bank.

         SECTION 9.     LESSEE'S CONSENT AND AGREEMENT. The consent and
agreement by the Lessee to the  provisions  of this  Assignment  is evidenced by
their execution of this Assignment in the spaces  indicated  therefor at the end
of this Assignment;  PROVIDED,  HOWEVER,  that the parties hereto agree that the
LEASE and the Participation  Agreement shall control as to the respective rights
and obligations of the Lessor and the Lessee.

         SECTION 10.    REMEDIES  CUMULATIVE.  Each right,  power and remedy of
the Credit Bank provided for in this Assignment or now or hereafter  existing at
law or in equity or by statute or otherwise  shall be cumulative  and concurrent
and shall be in addition to every other right,  power or remedy  provided for in
this Assignment or in any other Operative  Document or now or hereafter existing
at law or in equity or by statute or otherwise  and the exercise or beginning of
the  exercise  by the Credit Bank of any one or more of such  rights,  powers or
remedies shall not preclude the further  exercise thereof or the simultaneous or
later  exercise  by the Credit Bank of any or all such other  rights,  powers or
remedies.  No failure or delay on the part of the Credit  Bank to  exercise  any
such right, power or remedy (including,  without limitation, the granting by the
Credit Bank of

                                      -5-

<PAGE>

consent to any action by the Lessor)  shall  operate as a waiver thereof.  The
Lessor  stipulates  that  the  remedies  at law in  respect  of any  default  or
threatened default by the Lessor in the performance of or compliance with any of
the terms of this  Assignment are not and will not be adequate,  and that any of
such terms may be specifically  enforced by a decree for specific performance or
by an injunction against the violation of any terms or otherwise.

         SECTION 11.    MISCELLANEOUS.

         (a)  All notices, requests, offers, consents and other instruments
given pursuant to this Assignment  shall be delivered in accordance with SECTION
8.2 of the Participation  Agreement.  In addition, the Credit Bank shall provide
the Lessee in a timely fashion with a copy of any such instruments  given by the
Credit Bank to the Lessee hereunder;  provided,  however, that the Credit Bank's
failure to provide  the Lessee with any such copy shall not nullify or delay the
effectiveness of any such instrument.

         (b)  This Assignment shall be binding upon, inure to the benefit of and
be enforceable by, the respective  successors and assigns of the parties hereto.
The headings to the various paragraphs of this Assignment have been inserted for
convenient  reference  only and shall not  modify,  define,  limit or expand the
express provisions of this Assignment. Neither this Assignment nor any provision
hereof may be amended,  modified,  waived,  discharged or terminated orally, but
only by an  instrument  signed by the parties  hereto.  If any provision of this
Assignment or any  application  thereof shall be invalid or  unenforceable,  the
remainder of this  Assignment and any other  application of such provision shall
not be affected thereby.

         (c)  THIS ASSIGNMENT SHALL IN ALL RESPECTS BE GOVERNED BY, CONSTRUED
AND ENFORCED IN  ACCORDANCE  WITH,  THE LAWS OF THE STATE OF GEORGIA  EXCEPT FOR
ISSUES WHICH ARE MANDATORILY  SUBJECT TO THE LAWS OF THE STATE IN WHICH ANY PART
THE LEASED PROPERTY IS LOCATED, WHICH ISSUES SHALL BE INTERPRETED, CONSTRUED AND
ENFORCED  IN  ACCORDANCE  WITH THE LAWS OF THE  STATE IN WHICH  SUCH PART OF THE
LEASED PROPERTY IS LOCATED.

         (d)  This  Assignment may be executed in any number of  counterparts as
may  be  convenient  or  necessary,  and it  shall  not be  necessary  that  the
signatures of all parties hereto or thereto be contained on any one  counterpart
hereof or thereof.  Additionally,  the parties hereto agree that for purposes of
facilitating  the execution of this  Assignment,  (i) the signature  pages taken
from separate  individually  executed  counterparts  of this  Assignment  may be
combined  to form  multiple  fully  executed  counterparts  and (ii) a signature
delivered by facsimile transmission shall be deemed to be an original signature.
All executed  counterparts of this  Assignment  shall be deemed to be originals,
but all such  counterparts  taken together or collectively,  as the case may be,
shall constitute one and the same agreement.

         (e) Upon payment in full of the indebtedness and obligations secured by
this  Assignment and the  Reimbursement  Agreement and  performance of all other
obligations  secured hereby and thereby,  the Credit Bank shall, at the Lessor's
expense, do, execute,  acknowledge and deliver each and every deed,  conveyance,
transfer  and  release  necessary  or proper to  evidence  the

                                      -6-

<PAGE>

release of this Assignment  whereupon this Assignment and the assignment created
hereby shall terminate and be of no further force or effect.

         (f)  Except as otherwise expressly provided below in this CLAUSE (f),
It is  expressly  understood  and agreed by and between  the Lessor,  the Credit
Bank, and their respective  successors and assigns that nothing herein contained
shall be  construed  as  creating  any  liability  (other  than for  intentional
misrepresentation  or willful misconduct) of the Lessor or any of its Affiliates
or any of its or their respective officers, directors,  members,  incorporators,
stockholders, partners, venturers, trustees, beneficiaries,  employees, managers
or  agents,  individually  or  personally,  whether  past,  present or future to
perform any covenant,  either  express or implied,  contained  herein,  all such
liability,  if any,  being  expressly  waived by the Credit Bank and by each and
every Person now or hereafter claiming by, through or under the Credit Bank, and
that, so far as the Lessor or any of its  Affiliates or any of their  respective
officers, directors, incorporators, stockholders, partners, venturers, trustees,
beneficiaries,  employees or agents,  individually or personally,  is concerned,
the Credit  Bank and any Person  claiming  by,  through or under the Credit Bank
shall look solely to the right,  title and  interest of the Lessor in the Leased
Property  and  any  proceeds  from  the  Lessor's  sale or  encumbrance  thereof
(provided,  however,  that the Credit  Bank shall not be  entitled to any double
recovery) for the performance of any obligation  under this Assignment and under
the Operative  Documents and the satisfaction of any liability arising therefrom
(other than for intentional misrepresentation or willful misconduct).

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

                                      -7-
<PAGE>

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

Witnesses:                              ASSET HOLDINGS III, L.P.,
                                        as the Lessor

   Signature Illegible                  By   Realty Facility Holdings I, L.L.C.,
--------------------------------------       an Ohio limited liability company
Print Name:  Illegible
           ---------------------------
   Richard W. Rubenstein
--------------------------------------
Print Name:  Richard W. Rubenstein            Robert F. Gage
           ---------------------------  ----------------------------------------
                                              Robert F. Gage, President

                                        SUNTRUST BANK,
                                        as the Credit Bank

  Adam Marker                           By:  C. A. Black
--------------------------------------     -------------------------------------
Print Name:   Adam Marker               Name:  Christopher A. Black
           ---------------------------       -----------------------------------

   Dawn M. Marker                       Title:
--------------------------------------        ----------------------------------
Print Name:  Dawn M. Marker
           ---------------------------
                                        Consented  and agreed to as
                                        of the day and  year  first
                                        above written:

                                        ADESA CORPORATION,
                                        as the Lessee

  Denise L. McAtee                         W. T. Stackhouse
--------------------------------------  ----------------------------------------
Print Name:   Denise L. McAtee          William T. Stackhouse,
           ---------------------------  Chief Financial Officer
  Linda Klingensmith
--------------------------------------
Print Name:  Linda Klingensmith
           ---------------------------

                                      -8-

<PAGE>

THE STATE OF OHIO                       )
                                        ) ss.
COUNTY OF  Franklin                     )

On this 1 day of April, 2000, before me, a Notary Public in and for said county
and state, personally appeared Robert F. Gage, the President of Realty Facility
Holdings I, L.L.C., an Ohio limited liability company and the general partner of
Asset Holdings III, L.P., an Ohio limited partnership, who acknowledged that
with due authorization, he did sign said instrument for and on behalf of Asset
Holdings III, L.P., and that the same is his free act and deed individually as
such officer, and the free act and deed individually as such officer, and the
free act and deed of Asset Holdings III, L.P.

IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my offical
seal on the day and year aforesaid.

                                           Ezell Hartman Underdown
                                         ---------------------------------------
                                           Notary Public

 [NOTARIAL SEAL]   EZELL HARTMAND UNDERDOWN,
  STATE OF OHIO        ATTORNEY AT LAW
                  NOTARY PUBLIC STATE OF OHIO
                     My commission has no
                        expiration date.
                      Section 147.03 R.C.

                                      -9-

<PAGE>

STATE OF   INDIANA         )
         ---------------   ) SS.
COUNTY OF   MARION         )
          --------------

         On this 30th day of March,  2000, before me, a Notary Public in and for
said   county  and  state,   personally   appeared CHRISTOPHER BLACK, the VP AND
DIRECTOR of SunTrust Bank, a banking corporation duly organized and validly
existing under the laws of the State of Georgia,  who acknowledged  thatwith
due  authorization,  he/she did sign said  instrument  for and on behalf of
SunTrust  Bank and that the same is his/her  free act and deed  individually  as
such officer, and the free act and deed of SunTrust Bank.

         IN WITNESS WHEREOF,  I have hereunto  subscribed my name and affixed my
official seal on the day and year aforesaid.

         [NOTARY PUBLIC
              SEAL                                    Dawn M. Marker
            INDIANA]                                ---------------------------
                                                    Notary Public

                                                      Dawn M. Marker
                                                    ---------------------------
                                                    Printed Name

My Commission Expires:                              County of Residence:

  FEBRUARY 28, 2008                                    MARION
----------------------------------                   ---------------------------

                                      -10-

<PAGE>

STATE OF   INDIANA      )
         -----------    ) SS.
COUNTY OF  MARION       )
         -----------

         On this ____ day of March,  2000, before me, a Notary Public in and for
said county and state,  personally  appeared  William T.  Stackhouse,  the Chief
Financial Officer of ADESA Corporation, an Indiana corporation, who acknowledged
that with due  authorization,  he did sign said  instrument for and on behalf of
ADESA  Corporation  and that the same is his free act and deed  individually  as
such officer, and the free act and deed of ADESA Corporation.

         IN WITNESS WHEREOF,  I have hereunto  subscribed my name and affixed my
official seal on the day and year aforesaid.

                                          Denise L. McAtee
                                        ----------------------------------------
                                        Notary Public

	[DENISE L. MC ATEE                        DENISE L. MC ATEE
           NOTARY                    NOTARY PUBLIC STATE OF INDIANA
            SEAL                              MARION COUNTY
       STATE OF INDIANA]             MY COMMISSION EXP. APR. 9, 2001

                                      -11-

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