Document:

<PAGE>

                                                           EXHIBIT 10.124

                             AMENDED AND RESTATED

                               TRUST AGREEMENT

                                    among

                     ONYX ACCEPTANCE FINANCIAL CORPORATION,
                                  as Depositor

                            BANKERS TRUST (DELAWARE),
                               as Owner Trustee

                                       and

                              JPMORGAN CHASE BANK,
                                 as Trust Agent

                           Dated as of April 12, 2002

              ONYX ACCEPTANCE RESIDUAL FUNDING OWNER TRUST 2000-A1
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                               TABLE OF CONTENTS
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ARTICLE I - DEFINITIONS.....................................................     1
      Section  1.01   Capitalized Terms.....................................     1
      Section  1.02   Other Definitional Provisions.........................     4
      Section  1.03   Usage of Terms........................................     4
      Section  1.04   Section References....................................     4
      Section  1.05   Accounting Terms......................................     4

ARTICLE II - ORGANIZATION...................................................     5
      Section  2.01   Name..................................................     5
      Section  2.02   Office................................................     5
      Section  2.03   Purposes and Powers...................................     5
      Section  2.04   Appointment of Owner Trustee..........................     6
      Section  2.05   Initial Capital Contribution of Owner Trust Estate....     6
      Section  2.06   Declaration of Trust..................................     6
      Section  2.07   Title to Trust Estate.................................     6
      Section  2.08   Situs of Trust........................................     7
      Section  2.09   Representations and Warranties of the Depositor.......     7
      Section  2.10   Federal Income Tax Allocations........................     8
      Section  2.11   Separateness Covenants................................     8

ARTICLE III - TRUST CERTIFICATES AND TRANSFER OF INTERESTS..................     9
      Section  3.01   [Reserved]............................................     9
      Section  3.02   The Trust Certificates and the Notes..................     9
      Section  3.03   Execution, Authentication and Delivery of
                      Trust Certificates and Notes..........................     9
      Section  3.04   Registration of Transfer and Exchange of
                      Trust Certificates....................................    10
      Section  3.05   Mutilated, Destroyed, Lost or Stolen Trust
                      Certificates..........................................    11
      Section  3.06   Persons Deemed Holders................................    11
      Section  3.07   Access to List of Holders' Names and Addresses........    11
      Section  3.08   Maintenance of Office or Agency.......................    11
      Section  3.09   Temporary Trust Certificates..........................    12
      Section  3.10   Appointment of Paying Agent...........................    12
      Section  3.11   Restrictions on Transfer of Trust Certificates........    13

ARTICLE IV - ACTIONS BY OWNER TRUSTEE.......................................    15
      Section  4.01   Prior Notice to Holders with Respect to Certain
                      Matters...............................................    15
      Section  4.02   Action by Holders with Respect to Certain Matters.....    15
      Section  4.03   Action by Holders with Respect to Bankruptcy..........    16
      Section  4.04   Restrictions on Holders' Power........................    16
      Section  4.05   Majority Control......................................    16
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                                TABLE OF CONTENTS
                                   (Continued)

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ARTICLE V - APPLICATION OF TRUST FUNDS; CERTAIN DUTIES......................    16
      Section  5.01   Establishment of Certificate Distribution Account.....    16
      Section  5.02   Application of Trust Funds............................    16
      Section  5.03   Method of Payment.....................................    17
      Section  5.04   No Segregation of Monies; No Interest.................    17
      Section  5.05   Accounting and Reports to the Holders,
                      the Internal Revenue Service and Others...............    17
      Section  5.06   Signature on Returns; Tax Matters Partner.............    18

ARTICLE VI - AUTHORITY AND DUTIES OF OWNER TRUSTEE AND TRUST AGENT..........    18
      Section  6.01   General Authority.....................................    18
      Section  6.02   General Duties........................................    18
      Section  6.03   Action Upon Instruction...............................    19
      Section  6.04   No Duties Except as Specified in this Agreement or
                      in Instructions.......................................    20
      Section  6.05   No Action Except Under Specified Documents or
                      Instructions..........................................    20
      Section  6.06   Restrictions..........................................    20

ARTICLE VII - CONCERNING THE OWNER TRUSTEE AND THE TRUST AGENT..............    20
      Section  7.01   Acceptance of Trusts and Duties.......................    20
      Section  7.02   Furnishing of Documents...............................    23
      Section  7.03   Representations and Warranties........................    23
      Section  7.04   Reliance; Advice of Counsel...........................    24
      Section  7.05   Not Acting in Individual Capacity.....................    24
      Section  7.06   Owner Trustee and Trust Agent Not Liable for Trust
                      Certificates, Notes or Underlying Certificates........    25
      Section  7.07   Owner Trustee and Trust Agent May Own Trust
                      Certificates and Notes................................    25

ARTICLE VIII - COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE AND
      TRUST AGENT...........................................................    25
      Section  8.01   Owner Trustee's and Trust Agent's Fees and Expenses...    25
      Section  8.02   Indemnification.......................................    26
      Section  8.03   Payments to the Owner Trustee or Trust Agent..........    26

ARTICLE IX - TERMINATION OF TRUST AGREEMENT.................................    26
      Section  9.01   Termination of Trust Agreement........................    26

ARTICLE X - SUCCESSOR OWNER TRUSTEES, ADDITIONAL OWNER TRUSTEE AND
      TRUST AGENT...........................................................    27
      Section  10.01   Eligibility Requirements for Owner Trustee...........    27
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                               TABLE OF CONTENTS
                                   (Continued)

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      Section  10.02   Resignation or Removal of Owner Trustee..............    27
      Section  10.03   Successor Owner Trustee..............................    28
      Section  10.04   Merger or Consolidation of Owner Trustee.............    28
      Section  10.05   Appointment of Co-Trustee or Separate Trustee........    29
      Section  10.06   Appointment of Trust Agent...........................    29

ARTICLE XI - MISCELLANEOUS..................................................    30
      Section  11.01   Supplements and Amendments...........................    30
      Section  11.02   Limitations on Rights of Others......................    32
      Section  11.03   Notices..............................................    32
      Section  11.04   Severability of Provisions...........................    32
      Section  11.05   Counterparts.........................................    32
      Section  11.06   Successors and Assigns...............................    32
      Section  11.07   No Petition..........................................    32
      Section  11.08   No Recourse..........................................    33
      Section  11.09   Certificates Nonassessable and Fully Paid............    33
      Section  11.10   Headings.............................................    33
      Section  11.11   Governing Law........................................    33
      Section  11.12   Duties...............................................    33

                                   EXHIBITS

Exhibit A  -   Form of Trust Certificate
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                                    -iii-
<PAGE>
      This AMENDED AND RESTATED TRUST AGREEMENT, dated as of April 12, 2002 is
among ONYX ACCEPTANCE FINANCIAL CORPORATION, a Delaware corporation (the
"DEPOSITOR"), BANKERS TRUST (DELAWARE), a Delaware banking corporation, as owner
trustee (the "OWNER TRUSTEE"), and JPMORGAN CHASE BANK, a New York corporation,
as agent of the Owner Trustee for the limited purposes set forth herein (the
"TRUST AGENT").

      WHEREAS, the Depositor, the Owner Trustee and the Trust Agent entered into
the Trust Agreement, dated as of March 29, 2000 (the "ORIGINAL TRUST
AGREEMENT");

      WHEREAS, the Depositor, the Owner Trustee and the Trust Agent wish to
amend and restate the Original Trust Agreement as provided herein;

      WHEREAS, Section 11.01(b) of the Original Trust Agreement permits the
amendments contemplated herein by the Depositor, the Owner Trustee and the Trust
Agent with the consent of the holders of all outstanding Notes and Trust
Certificates;

      WHEREAS, immediately prior to the execution of this Amended and Restated
Trust Agreement, the holders of Class A Notes (as defined in the Original Trust
Agreement) have agreed to a voluntary redemption of the Class A Notes pursuant
to the execution of a Consent and Waiver of Class A Note Holders, dated April
11, 2002, between each Class A Note Holder, the Issuer and the Indenture
Trustee, and by virtue of the execution of such Consent and Waiver, the Class A
Notes are no longer outstanding;

      WHEREAS, immediately prior to the execution of this Amended and Restated
Trust Agreement, the holders of Class B Notes (as defined in the Original Trust
Agreement) have agreed to a voluntary redemption of the Class B Notes pursuant
to the execution of a Consent and Waiver of Class B Note Holder, dated April 11,
2002, between the sole Class B Note Holder, the Issuer and the Indenture
Trustee, and by virtue of the execution of such Consent and Waiver, the Class B
Notes are no longer outstanding;

      WHEREAS, there are no Notes outstanding and the sole holder of 100% of the
Trust Certificates has consented to this Amended and Restated Trust Agreement,
as evidenced by the execution of this Amended and Restated Trust Agreement;

      NOW, THEREFORE, the parties hereto agree that the Original Trust Agreement
is hereby amended and restated as follows:
<PAGE>
                                    ARTICLE I

                                   DEFINITIONS

      Section 1.01 Capitalized Terms. Except as otherwise provided in this
Agreement, whenever used in this Agreement the following words and phrases,
unless the context otherwise requires, shall have the following meanings:

      "ADMINISTRATION AGREEMENT" means the amended and restated administration
agreement, dated as of April 12, 2002 among the Trust, the Depositor, the
Indenture Trustee, the Trust Agent and Onyx, as administrator.

      "ADMINISTRATOR" means the Person acting as "Administrator" under the
Administration Agreement.

      "AGREEMENT" means this Amended and Restated Trust Agreement, as the same
may be amended and supplemented from time to time.

      "APPLICANTS" shall have the meaning assigned to such term in Section 3.07.

      "BENEFIT PLAN" means (i) an employee benefit plan (as such term is defined
in Section 3(3) of ERISA) that is subject to the provisions of Title I of ERISA,
(ii) a plan described in Section 4975(e)(1) of the Code or (iii) any entity
whose underlying assets include plan assets by reason of a plan's investment in
the entity.

      "BUSINESS TRUST STATUTE" means Chapter 38 of Title 12 of the Delaware
Code, 12 Del. C.ss. 3801, et seq., as the same may be amended from time to time.

      "CERTIFICATE DISTRIBUTION ACCOUNT" means the account established and
maintained as such pursuant to Section 5.01.

      "CERTIFICATE OF TRUST" means the Certificate of Trust filed for the Trust
pursuant to Section 3810(a) of the Business Trust Statute, as amended through
the date hereof.

      "CERTIFICATE REGISTER" and "CERTIFICATE REGISTRAR" mean the register
maintained and the registrar (or any successor thereto) appointed pursuant to
Section 3.04.

      "CLOSING DATE" means April 12, 2002.

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

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

                                     -2-
<PAGE>
      "DEPOSITOR" means Onyx Acceptance Financial Corporation in its capacity as
depositor hereunder, and its successors.

      "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

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

      "GRANT" shall have the meaning assigned to such term in Section 2.03.

      "HOLDER" means, the Person in whose name a Trust Certificate is registered
in the Certificate Register.

      "INDENTURE" means the amended and restated indenture dated as of April 12,
2002, between the Trust, as Issuer, and JPMorgan Chase Bank, as Indenture
Trustee.

      "NOTEHOLDER" means the Person in whose name a Note is registered pursuant
to the terms of the Indenture.

      "NOTES" means the notes issued pursuant to the Indenture on or after the
Closing Date, and excludes the Class A Notes and the Class B Notes issued under
the Original Indenture before its amendment on the date hereof.

      "ONYX" means Onyx Acceptance Corporation, and its successors.

      "OWNER TRUSTEE" means Bankers Trust (Delaware), a Delaware banking
corporation, not in its individual capacity but solely as owner trustee under
this Agreement, and any successor Owner Trustee hereunder.

      "OWNER TRUSTEE CORPORATE TRUST OFFICE" means the office of the Owner
Trustee at which its corporate trust business shall be administered, which
initially shall be E.A. Delle Donne Corporate Center, 1011 Centre Road, Suite
200, Wilmington, Delaware 19805-1266, Attention: Corporate Trust Administration
Department, or such other office at such other address as the Owner Trustee may
designate from time to time by notice to the Holders of the Trust Certificates
and the Depositor.

      "PAYING AGENT" means the Trust Agent or any successor in interest thereto
or any other paying agent or co-paying agent appointed pursuant to Section 3.10
and authorized by the Issuer to make payments to and distributions from the
Certificate Distribution Account.

      "PERCENTAGE INTEREST" means with respect to each Trust Certificate the
percentage portion of the Residual Interest evidenced thereby as stated on the
face of such Trust Certificate.

      "PERSON" means a legal person, including any individual, corporation,
estate, partnership, joint venture, association, joint stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.

                                     -3-
<PAGE>
      "PROSPECTIVE OWNER" has the meaning set forth in Section 3.11(a).

      "RECORD DATE" means, with respect to any Payment Date, the day immediately
preceding such Payment Date.

      "RESIDUAL INTEREST" means the residual interest in the Trust, which
represents the right to receive the amount of the Trust Estate remaining, if
any, after all Notes have been paid in full.

      "RESPONSIBLE OFFICER" means, with respect to the Owner Trustee, any
officer within the Owner Trustee Corporate Trust Office, and with respect to the
Trust Agent, any officer within the Trust Agent Office, including any Vice
President, assistant secretary or other officer or assistant officer of the
Owner Trustee or the Trust Agent, as the case may be, customarily performing
functions similar to those performed by the people who at such time shall be
officers and has direct responsibility for the administration of this Agreement.

      "SALE AND ASSIGNMENT AGREEMENT" means the Sale and Assignment Agreement,
dated as of March 29, 2000 among the Trust, as Issuer, the Depositor, as Seller,
the Indenture Trustee and the Trust Agent as the same may be amended or
supplemented from time to time.

      "SECRETARY OF STATE" means the Secretary of State of the State of
Delaware.

      "SELLER" means Onyx Acceptance Financial Corporation, in its capacity as
seller under the Sale and Assignment Agreement, and its successors.

      "TREASURY REGULATIONS" means regulations, including proposed or temporary
regulations, promulgated under the Code. References herein to specific
provisions of proposed or temporary regulations shall include analogous
provisions of final Treasury Regulations or other successor Treasury
Regulations.

      "TRUST" means the trust governed by this Agreement.

      "TRUST AGENT" means JPMorgan Chase Bank, a New York banking corporation,
not in its individual capacity but solely as agent of the Owner Trustee under
this Agreement, and any successor Trust Agent hereunder.

      "TRUST AGENT OFFICE" means the office of the Trust Agent at 450 West 33rd
Street, 14th Floor, New York, New York 10001, Attention: Institutional Trust
Services Onyx Residual Funding 2000-A1 or such other office at such other
address as the Trust Agent may designate from time to time by notice to the
Holders of the Trust Certificates and the Depositor.

      "TRUST CERTIFICATE" means an instrument substantially in the form attached
as Exhibit A hereto and evidencing a Percentage Interest in the Residual
Interest.

      "TRUST ESTATE" means all right, title and interest of the Trust in and to
the Collateral.

                                     -4-
<PAGE>
      "UCC" means the Uniform Commercial Code as in effect in the State of New
York.

      Section 1.02 Other Definitional Provisions. Capitalized terms used that
are not otherwise defined herein shall have the meanings ascribed thereto in the
Indenture.

      Section 1.03 Usage of Terms. With respect to all terms in this Agreement,
the singular includes the plural and the plural the singular; words importing
any gender include the other genders; references to "writing" include printing,
typing, lithography and other means of reproducing words in a visible form;
references to agreements and other contractual instruments include all
amendments, modifications and supplements thereto or any changes therein entered
into in accordance with their respective terms and not prohibited by this
Agreement; references to Persons include their permitted successors and assigns;
and the term "including" means "including without limitation".

      Section 1.04 Section References. All section references, unless otherwise
indicated, shall be to Sections in this Agreement.

      Section 1.05 Accounting Terms. All accounting terms used but not
specifically defined herein shall be construed in accordance with generally
accepted accounting principles in the United States.

                                   ARTICLE II

                                  ORGANIZATION

      Section 2.01 Name. The Trust governed by this Agreement shall be known as,
and its name is hereby changed to, "Onyx Acceptance Residual Funding Owner Trust
2000-A1", in which name the Owner Trustee may conduct the activities of the
Trust, make and execute contracts and other instruments on behalf of the Trust
and sue and be sued, and in which name the Owner Trustee may perform its duties
hereunder.

      Section 2.02 Office. The office of the Trust shall be in care of the Owner
Trustee at the Owner Trustee Corporate Trust Office or at such other address in
Delaware as the Owner Trustee may designate by written notice to the Holders or
the Depositor.

      Section 2.03 Purposes and Powers. The sole purpose of the Trust is to hold
or conserve the Trust Estate and collect and disburse the periodic income
therefrom for the use and benefit of the Holders, and in furtherance of such
purpose to engage in the following ministerial activities:

            (i) to issue the Notes pursuant to the Indenture, to sell the Notes
      and to issue Trust Certificates pursuant to this Agreement;

            (ii) to assign, grant, transfer, pledge, mortgage and convey
      ("GRANT") the Trust Estate and the other Collateral (as defined in the
      Indenture) pursuant to the Indenture and to hold, manage and distribute to
      the Holders pursuant to this Agreement any portion of the Trust Estate or
      other Collateral released from the lien of, and remitted to the Trust
      pursuant to, the Indenture;

                                     -5-
<PAGE>
            (iii) to enter into and perform its obligations under the Basic
      Documents to which it is to be a party;

            (iv) subject to compliance with the Basic Documents, to engage in
      such other activities as may be required in connection with conservation
      of the Trust Estate and the making of distributions to the Holders and the
      Noteholders; and

            (v) to engage in those activities, including entering into
      agreements, that are necessary to accomplish the foregoing or are
      incidental thereto or connected therewith.

The Trust is hereby authorized to engage in the foregoing activities. Other than
pursuant to this Agreement, or in connection with or incidental to the
provisions or purposes of this Agreement, the Trust shall not (i) issue debt or
otherwise borrow money, (ii) merge or consolidate with any other entity,
reorganize, liquidate or transfer all or substantially all of its assets to any
other entity, or (iii) otherwise engage in any activity or exercise any power
not provided for in this Agreement or the Basic Documents.

      Section 2.04 Appointment of Owner Trustee. The Depositor hereby
acknowledges the appointment of the Owner Trustee as trustee of the Trust
effective as of the date of the Original Trust Agreement, to have all the
rights, powers and duties set forth herein and in the Business Trust Statute,
and the Owner Trustee hereby acknowledges such appointment. The Owner Trustee is
hereby authorized and directed to file an amendment to the Certificate of Trust
with the Secretary of State, to effect the change of the name of the Trust
described in Section 2.01.

      Section 2.05 Initial Capital Contribution of Owner Trust Estate. Effective
as of the date of the Original Trust Agreement, the Depositor sold, assigned,
transferred, conveyed and set over to the Owner Trustee the sum of $1.00. The
Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of
such date, of the foregoing contribution, which constituted the initial Trust
Estate and was deposited in the Certificate Distribution Account. The Depositor
shall pay administrative expenses of the Trust as they may arise or shall, upon
the request of the Owner Trustee or the Trust Agent, as applicable, promptly
reimburse the Owner Trustee and the Trust Agent, respectively, for any such
expenses paid by the Owner Trustee or the Trust Agent, as applicable.

      Section 2.06 Declaration of Trust. The Owner Trustee hereby declares that
it will hold the Trust Estate in trust upon and subject to the conditions set
forth herein for the sole purpose of conserving the Trust Estate and collecting
and disbursing the periodic income therefrom for the use and benefit of the
Holders, subject to the obligations of the Trust under the Basic Documents. It
is the intention of the parties hereto that the Trust constitute a business
trust under the Business Trust Statute and that this Agreement constitute the
governing instrument of such business trust. It is the intention of the parties
hereto that, solely for income and franchise tax purposes, on and after the
Closing Date, (i) so long as there is a sole Holder, the Trust shall be
disregarded as an entity separate from the sole Holder and (ii) if there is more
than one Holder, the Trust shall be treated as a partnership, with the assets of
the partnership being the Underlying Certificates and other assets held by the
Trust and with the partners of the partnership being the Holders and the Notes
shall be treated as debt of the Holder in the case of clause (i) and as debt of
the partnership in the case of clause (ii). The Trust shall not elect to be
treated as an association under Treasury Regulation

                                     -6-
<PAGE>
Section 301.7701-3(a) for federal income tax purposes. The parties agree that,
unless otherwise required by appropriate tax authorities, the Trust will file or
cause to be filed annual or other necessary returns, reports and other forms
consistent with the characterization of the Trust provided in the second
preceding sentence. Effective as of the date hereof, the Owner Trustee shall
have all rights, powers and duties set forth herein and in the Business Trust
Statute for the sole purpose and to the extent necessary to accomplish the
purposes of the Trust as set forth in Section 2.03.

      Section 2.07 Title to Trust Estate. Subject to the Indenture, legal title
to all the Trust Estate shall be vested at all times in the Trust as a separate
legal entity except where applicable law in any jurisdiction requires title to
any part of the Trust Estate to be vested in a trustee or trustees, in which
case title shall be deemed to be vested in the Owner Trustee and/or a separate
trustee, as the case may be.

      The Holders shall not have legal title to any part of the Trust Estate.
The Holders shall be entitled to receive distributions with respect to their
undivided ownership interest therein only in accordance with Articles V and IX
of this Agreement. No transfer, by operation of law or otherwise, of any right,
title or interest of the Holders to and in their ownership interest in the Trust
Estate shall operate to terminate this Agreement or the trusts hereunder or
entitle any transferee to an accounting or to the transfer to it of legal title
to any part of the Trust Estate.

      Section 2.08 Situs of Trust. The Trust will be located and administered in
the State of Delaware or the State of New York. All bank accounts maintained on
behalf of the Trust shall be located in the State of California, the State of
Delaware or the State of New York. The Trust shall not have any employees in any
state other than Delaware; provided, however, that nothing herein shall restrict
or prohibit the Owner Trustee from having employees within or without the State
of Delaware. Payments will be received by the Trust only in California, Delaware
or New York and payments will be made by the Trust only from California,
Delaware or New York. The only office of the Trust will be at the Owner Trustee
Corporate Trust Office.

      Section 2.09 Representations and Warranties of the Depositor.

      (a) The Depositor hereby represents and warrants to the Owner Trustee
that:

            (i) The Depositor is duly organized and validly existing as a
      corporation organized and existing and in good standing under the laws of
      the State of Delaware, with power and authority to own its properties and
      to conduct its business and had at all relevant times, and has, power,
      authority and legal right to acquire and own the Underlying Certificates.

            (ii) The Depositor is duly qualified to do business as a foreign
      corporation in good standing and has obtained all necessary licenses and
      approvals in all jurisdictions in which the ownership or lease of property
      or the conduct of its business requires such qualifications.

            (iii) The Depositor has the power and authority to execute and
      deliver this Agreement and to carry out its terms; the Depositor had full
      power and authority to sell and assign the property sold and assigned to
      and deposited with the Owner Trustee on behalf of the Trust as part of the

                                     -7-
<PAGE>
      Trust Estate, at the time such property was sold, assigned and deposited,
      and duly authorized such sale and assignment and deposit with the Owner
      Trustee on behalf of the Trust by all necessary corporate action. The
      execution, delivery and performance of this Agreement have been duly
      authorized by the Depositor by all necessary corporate action. The
      Depositor has duly executed and delivered this Agreement, and this
      Agreement constitutes the legal, valid and binding obligation of the
      Depositor enforceable against the Depositor in accordance with its terms.

            (iv) The consummation of the transactions contemplated by this
      Agreement and the fulfillment of the terms hereof do not conflict with,
      result in the breach of any of the terms and provisions of, nor constitute
      (with or without notice or lapse of time) a default under, the certificate
      of incorporation or bylaws of the Depositor, or any indenture, agreement
      or other instrument to which the Depositor is a party or by which it is
      bound; nor result in the creation or imposition of any lien upon any of
      the properties of the Depositor pursuant to the terms of any such
      indenture, agreement or other instrument (other than pursuant to the Basic
      Documents); nor violate any law or any order, rule or regulation
      applicable to the Depositor of any court or of any federal or state
      regulatory body, administrative agency or other governmental
      instrumentality having jurisdiction over the Depositor or its properties.

            (v) There are no proceedings or investigations pending, or to the
      Depositor's best knowledge threatened, before any court, regulatory body,
      administrative agency or other governmental instrumentality having
      jurisdiction over the Depositor or its properties: (A) asserting the
      invalidity of this Agreement, any of the other Basic Documents or the
      Trust Certificates, (B) seeking to prevent the consummation of any of the
      transactions contemplated by this Agreement or any of the other Basic
      Documents, (C) seeking any determination or ruling that might materially
      and adversely affect the performance by the Depositor of its obligations
      under, or the validity or enforceability of, this Agreement, any of the
      other Basic Documents or the Trust Certificates or (D) involving the
      Depositor which might materially and adversely affect the federal income
      tax or other federal, state or local tax attributes of the Trust
      Certificates..

      Section 2.10 Federal Income Tax Allocations.

      (a) Net income of the Trust for any month, as determined for federal
income tax purposes (and each item of income, gain, loss and deduction entering
into the computation thereof), shall be allocated among the Holders in
proportion to the Percentage Interest of each such Holder.

      (b) Net losses of the Trust, if any, for any calendar month as determined
for federal income tax purposes (and each item of income, gain, loss and
deduction entering into the computation thereof) shall be allocated to the
Holders. Any indebtedness allocated pursuant to Treasury Regulation
ss.1.752-3(a)(3) shall be allocated to the Trust Certificates. The Depositor is
authorized to modify the allocations in this paragraph if necessary or
appropriate, in its sole discretion, for the allocations to fairly reflect the
income, gain, loss and deduction to the Depositor or to the Holders, or as
otherwise required by the Code.

                                     -8-
<PAGE>
      Section 2.11 Separateness Covenants. So long as the Notes are outstanding,
the Trust shall, and the Owner Trustee shall cause the Trust to, (i) maintain
books and records and bank accounts separate from those of any other Person;
(ii) maintain its assets in such a manner that it is not costly or difficult to
segregate, identify, or ascertain such assets; (iii) observe all trust
procedures required by this Agreement and under Delaware Law; (iv) hold itself
out to creditors and the public as a legal entity separate and distinct from any
other Person; (v) prepare separate tax returns and financial statements, or if
part of a consolidated group, then the Trust will be shown as a separate member
of such group; (vi) allocate and charge fairly and reasonably any overhead
shared with Affiliates; (vii) transact all business with Affiliates on an
arm's-length basis and pursuant to enforceable agreements; (viii) conduct
business in its own name, and use separate stationery, invoices, and checks
separate from that of the Depositor or any Affiliate; (ix) not commingle its
assets or funds with those of any other Person; and (x) not assume, guarantee,
or pay the debts or obligations of any other Person.

                                   ARTICLE III

                  TRUST CERTIFICATES AND TRANSFER OF INTERESTS

      Section 3.01 [Reserved].

      Section 3.02 The Trust Certificates and the Notes.

      (a) The Trust Certificates shall not be issued with a principal amount.
The Trust Certificates shall be executed by the Owner Trustee on behalf of the
Trust by manual or facsimile signature of an authorized officer of the Owner
Trustee, and authenticated by the Trust Agent by the manual or facsimile
signature of an authorized officer of the Trust Agent and shall be deemed to
have been validly issued when so executed and authenticated. Trust Certificates
bearing the manual or facsimile signatures of individuals who were, at the time
when such signatures were affixed, authorized to sign on behalf of the Owner
Trustee or the Trust Agent shall be validly issued by the Trust, notwithstanding
that such individuals or any of them have ceased to be so authorized prior to
the execution, authentication and delivery of such Trust Certificates or did not
hold such offices at the date of such Trust Certificates. All Trust Certificates
shall be dated the date of their authentication.

      (b) The Notes shall be executed by the Owner Trustee on behalf of the
Trust by manual or facsimile signature of an authorized officer of the Owner
Trustee, and shall be authenticated as provided in the Indenture. Notes bearing
the manual or facsimile signature of an individual who was, at the time when
such signature was affixed, authorized to sign on behalf of the Owner Trustee
shall be deemed to have been validly executed by the Trust, notwithstanding that
such individual has ceased to be so authorized prior to the execution and
delivery of such Notes or did not hold such office at the date of such Notes.

      Section 3.03 Execution, Authentication and Delivery of Trust Certificates
and Notes.

                                     -9-
<PAGE>
      (a) In connection with the execution of the Original Trust Agreement the
Owner Trustee executed, authenticated and delivered to the Depositor a single
Trust Certificate numbered R-1, which represents 100% of the Percentage
Interests of the Residual Interest, and evidences the entire ownership of the
Trust. No Trust Certificate shall entitle its Holder to any benefit under this
Agreement, or be valid for any purpose, unless there appears on such Trust
Certificate a certificate of authentication substantially in the form set forth
in the form of Trust Certificate attached hereto as Exhibit A, executed by the
Trust Agent or another authenticating agent of the Owner Trustee, by manual or
facsimile signature, and such certificate upon any Trust Certificate shall be
conclusive evidence, and the only evidence, that such Trust Certificate has been
duly authenticated and delivered hereunder. Upon issuance, authorization and
delivery pursuant to the terms hereof, the Trust Certificates will be entitled
to the benefits of this Agreement.

      (b) On the Closing Date, the Owner Trustee shall execute the Notes on
behalf of the Trust in the aggregate principal amount of $21,000,000 and cause
the Notes to be authenticated and delivered to or upon the order of the
Depositor. The Owner Trustee is hereby authorized to direct, on behalf of the
Trust, the Indenture Trustee to authenticate and deliver the Notes upon the
order of the Depositor.

      Section 3.04 Registration of Transfer and Exchange of Trust Certificates.

      (a) The Certificate Registrar shall keep or cause to be kept, a
Certificate Register, subject to such reasonable regulations as it may
prescribe. The Certificate Register shall provide for the registration of Trust
Certificates and transfers and exchanges of Trust Certificates as provided
herein. The Trust Agent, as agent for the Trust, is hereby initially appointed
Certificate Registrar for the purpose of registering Trust Certificates and
transfers and exchanges of Trust Certificates as herein provided. In the event
that, subsequent to the Closing Date, the Trust Agent notifies the Administrator
that the Trust Agent is unable to act as Certificate Registrar, the
Administrator shall appoint another bank or trust company, having an office or
agency located in The City of New York, agreeing to act in accordance with the
provisions of this Agreement applicable to it, and otherwise acceptable to the
Depositor, to act as successor Certificate Registrar hereunder.

      (b) Upon surrender for registration of transfer of any Trust Certificate
at the office of the Certificate Registrar, the Owner Trustee shall execute,
authenticate and deliver (or shall cause the Trust Agent, as its authenticating
agent, to authenticate and deliver), in the name of the designated transferee or
transferees, one or more new Trust Certificates in authorized denominations of a
like Percentage Interest.

      (c) At the option of a Holder of a Trust Certificate, Trust Certificates
may be exchanged for other Trust Certificates in authorized denominations of a
like Percentage Interest, upon surrender of the Trust Certificates to be
exchanged at the office of the Certificate Registrar. Whenever any Trust
Certificates are so surrendered for exchange, the Owner Trustee on behalf of the
Trust shall execute, authenticate and deliver (or shall cause the Trust Agent,
as its authenticating agent, to authenticate and deliver) the Trust Certificates
that the Holder making the exchange is entitled to receive. Every Trust
Certificate presented or surrendered for registration of transfer or exchange
shall be accompanied by a written instrument of transfer in form satisfactory to
the Trust Agent and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing. In addition, each Trust
Certificate presented or

                                     -10-
<PAGE>
surrendered for registration of transfer and exchange must be accompanied by a
letter from the prospective Holder certifying as to the representations set
forth in Section 3.11(a).

      (d) No service charge shall be made for any registration of transfer or
exchange of Trust Certificates, but the Owner Trustee or, on its behalf, the
Trust Agent, may require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any transfer or
exchange of Trust Certificates.

      (e) All Trust Certificates surrendered for registration of transfer or
exchange, if surrendered to any agent of the Owner Trustee under this Agreement,
shall be delivered to the Trust Agent and promptly canceled by it, or, if
surrendered to the Trust Agent, shall be promptly canceled by it, and no Trust
Certificates shall be issued in lieu thereof except as expressly permitted by
any of the provisions of this Agreement. The Trust Agent shall dispose of
canceled Trust Certificates in accordance with the normal industry practice.

      Section 3.05 Destroyed, Lost or Stolen Trust Certificates. If (a) the
Certificate Registrar receives evidence to its satisfaction of the destruction,
loss or theft of any Trust Certificate and (b) the Certificate Registrar and the
Trust Agent receive such security or indemnity as may be required by them to
hold the Certificate Registrar and the Trust Agent harmless, then, in the
absence of notice to the Certificate Registrar or the Trust agent that such
Trust Certificate has been acquired by a bona fide purchaser and the
requirements of Section 8-406 of the UCC are met, and subject to Section 8-405
of the UCC, the Owner Trustee on behalf of the Trust shall execute and the Trust
Agent, as its authenticating agent, shall authenticate and deliver, in exchange
for or in lieu of any such destroyed, lost or stolen Trust Certificate, a new
Trust Certificate of like tenor and Percentage Interest. In connection with the
issuance of any new Trust Certificate under this Section, the Owner Trustee or,
on its behalf, the Trust Agent, may require the payment by the Holder of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto. Any duplicate Trust Certificate issued pursuant to this
Section shall constitute complete and indefeasible evidence of ownership in the
Trust, as if originally issued, whether or not the lost, stolen or destroyed
Trust Certificate shall be found at any time.

      Section 3.06 Persons Deemed Holders. Prior to due presentation of a Trust
Certificate for registration of transfer, the Owner Trustee, the Trust Agent,
the Certificate Registrar, any Paying Agent and any of their respective agents
may treat the Person in whose name any Trust Certificate is registered as the
owner of such Trust Certificate for the purpose of receiving distributions
pursuant to Section 5.02 and for all other purposes whatsoever, and none of the
Owner Trustee, the Trust Agent, the Certificate Registrar, any Paying Agent or
any of their respective agents shall be affected by any notice to the contrary.

      Section 3.07 Access to List of Holders' Names and Addresses. The Trust
Agent shall furnish or cause to be furnished to the Depositor, within 15 days
after receipt by the Trust Agent of a written request therefor from the
Depositor, a list, in such form as the Depositor may reasonably require, of the
names and addresses of the Holders as of the most recent Record Date. If one or
more Holders of Trust Certificates evidencing not less than 25% of the
Percentage Interests of the Trust Certificates (hereinafter referred to as
"APPLICANTS"), apply in writing to the Trust Agent, and such application states
that the Applicants desire to communicate with other Holders with respect to
their rights hereunder or under the

                                     -11-
<PAGE>
Trust Certificates and such application is accompanied by a copy of the
communication that such Applicants propose to transmit, then the Trust Agent
shall, within five Business Days after the receipt of such application, afford
such Applicants access, during normal business hours, to the current list of
Holders. Each Holder, by receiving and holding a Trust Certificate, agrees with
the Depositor, the Owner Trustee and the Trust Agent that none of the Depositor,
the Owner Trustee or the Trust Agent shall be held accountable by reason of the
disclosure of any such information as to its name and address hereunder,
regardless of the source from which such information was derived.

      Section 3.08 Maintenance of Office or Agency. The Trust Agent shall
maintain in the City of New York an office or offices or agency or agencies
where Trust Certificates may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Trust Agent in respect of
the Trust Certificates and the Basic Documents may be served. The Trust Agent
hereby designates the office of JPMorgan Chase Bank at the address provided
under the definition of the term "TRUST AGENT OFFICE" as its office for such
purposes. The Trust Agent shall give prompt written notice to the Owner Trustee
and the Depositor of any change in the location of the Certificate Register or
any such office or agency.

      Section 3.09 Temporary Trust Certificates. Pending the preparation of
definitive Trust Certificates, the Owner Trustee, on behalf of the Trust, may
execute, authenticate and deliver, temporary Trust Certificates that are
printed, lithographed, typewritten, mimeographed or otherwise produced, in any
authorized denomination, substantially of the tenor of the definitive Trust
Certificates in lieu of which they are issued. If temporary Trust Certificates
are issued, the Depositor will cause definitive Trust Certificates to be
prepared without unreasonable delay. After the preparation of definitive Trust
Certificates, the temporary Trust Certificates shall be exchangeable for
definitive Trust Certificates upon surrender of the temporary Trust Certificates
at the office or agency to be maintained as provided in Section 3.08, without
charge to the Holder. Upon surrender for cancellation of any one or more
temporary Trust Certificates, the Owner Trustee shall execute, authenticate and
deliver (or shall cause the Trust Agent, as its authenticating agent, to
authenticate and deliver) in exchange therefor a like Percentage Interest of
definitive Trust Certificates in authorized denominations. Until so exchanged,
the temporary Trust Certificates shall in all respects be entitled to the same
benefits hereunder as definitive Trust Certificates.

      Section 3.10 Appointment of Paying Agent. The Owner Trustee, on behalf of
the Trust, hereby appoints the Trust Agent as Paying Agent under this Agreement.
The Paying Agent shall make distributions to Holders from the Certificate
Distribution Account pursuant to Section 5.02 hereof and shall report the
amounts of such distributions to the Owner Trustee. The Paying Agent shall have
the revocable power to withdraw funds from the Certificate Distribution Account
for the purpose of making the distributions referred to above. The Owner Trustee
on behalf of the Trust may revoke such power and remove the Paying Agent if the
Owner Trustee is directed in writing to do so by the Administrator. Each Paying
Agent shall be permitted to resign as Paying Agent upon 30 days' written notice
to the Trust. In the event that the Trust Agent shall no longer be the Paying
Agent, the Administrator shall appoint a successor to act as Paying Agent (which
shall be a bank or trust company). The Administrator shall cause such successor
Paying Agent or any additional Paying Agent appointed by the Administrator to
execute and deliver to the Trust an instrument in which such successor Paying
Agent or additional Paying Agent shall agree with the Trust that, as Paying
Agent, such successor Paying Agent or additional Paying Agent will hold all
sums, if

                                     -12-
<PAGE>
any, held by it for payment to the Holders in trust for the benefit of the
Holders entitled thereto until such sums shall be paid to such Holders. The
Paying Agent shall return all unclaimed funds to the Trust and upon removal of a
Paying Agent such Paying Agent shall also return all funds in its possession to
the Trust. The provisions of Sections 7.01, 7.03, 7.04, 8.01 and 8.02 shall
apply to the Trust Agent also in its role as Paying Agent, for so long as the
Trust Agent shall act as Paying Agent and, to the extent applicable, to any
other paying agent appointed hereunder. Any reference in this Agreement to the
Paying Agent shall include any co-paying agent unless the context requires
otherwise. Notwithstanding anything herein to the contrary, the Trust Agent and
the Paying Agent shall be the same entity as the Indenture Trustee under the
Indenture and the Sale and Assignment Agreement.

      Section 3.11 Restrictions on Transfer of Trust Certificates.

      (a) Each prospective purchaser and any subsequent transferee of a Trust
Certificate (each, a "PROSPECTIVE OWNER"), other than the Depositor, by virtue
of its acceptance thereof, shall represent and warrant to the Owner Trustee, the
Trust Agent and the Certificate Registrar and any of their respective successors
that:

            (i) Such Person is (A) a "QUALIFIED INSTITUTIONAL BUYER" as defined
      in Rule 144A under the Securities Act of 1933, as amended (the "SECURITIES
      ACT"), is aware that the seller of the Trust Certificates may be relying
      on the exemption from the registration requirements of the Securities Act
      provided by Rule 144A and is acquiring such Trust Certificate for its own
      account or for the account of one or more qualified institutional buyers
      for whom it is authorized to act, or (B) a Person involved in the
      organization or operation of the Trust or an affiliate of such Person
      within the meaning of Rule 3a-7 of the Investment Company Act of 1940, as
      amended (including, but not limited to, the Depositor and Onyx Acceptance
      Corporation).

            (ii) Such Person understands that the Trust Certificates have not
      been and will not be registered under the Securities Act and may be
      offered, sold, pledged or otherwise transferred only to a person whom the
      seller reasonably believes is (A) a qualified institutional buyer (as such
      term is defined in Rule 144A under the Securities Act) or (B) a Person
      involved in the organization or operation of the Trust or an affiliate of
      such Person, in a transaction meeting the requirements of Rule 144A under
      the Securities Act and in accordance with any applicable securities laws
      of any state of the United States.

            (iii) Such person understands that the Trust Certificates bear a
      legend to the following effect:

            THE RESIDUAL INTEREST IN THE TRUST REPRESENTED BY THIS TRUST
            CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE
            SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE
            SECURITIES LAWS. THIS TRUST CERTIFICATE MAY BE DIRECTLY OR
            INDIRECTLY OFFERED OR SOLD OR OTHERWISE DISPOSED OF (INCLUDING
            PLEDGED) BY THE HOLDER HEREOF ONLY TO (I) A "QUALIFIED INSTITUTIONAL

                                     -13-
<PAGE>
            BUYER" AS DEFINED IN RULE 144A UNDER THE ACT, IN A TRANSACTION THAT
            IS REGISTERED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS OR
            THAT IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE ACT
            PURSUANT TO RULE 144A OR (II) A PERSON INVOLVED IN THE ORGANIZATION
            OR OPERATION OF THE TRUST OR AN AFFILIATE OF SUCH A PERSON WITHIN
            THE MEANING OF RULE 3a-7 OF THE INVESTMENT COMPANY ACT OF 1940, AS
            AMENDED (INCLUDING, BUT NOT LIMITED TO ONYX ACCEPTANCE FINANCIAL
            CORPORATION AND ONYX ACCEPTANCE CORPORATION) IN A TRANSACTION THAT
            IS REGISTERED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS OR
            THAT IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND
            SUCH LAWS. NO PERSON IS OBLIGATED TO REGISTER THIS TRUST CERTIFICATE
            UNDER THE ACT OR ANY STATE SECURITIES LAWS.

            NO TRANSFER OF THIS TRUST CERTIFICATE OR ANY BENEFICIAL INTEREST
            THEREIN SHALL BE MADE TO ANY PERSON UNLESS THE OWNER TRUSTEE HAS
            RECEIVED A CERTIFICATE FROM THE TRANSFEREE TO THE EFFECT THAT SUCH
            TRANSFEREE (I) IS NOT A PERSON WHICH IS AN EMPLOYEE BENEFIT PLAN,
            TRUST OR ACCOUNT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT
            INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR SECTION 4975 OF
            THE CODE OR A GOVERNMENTAL PLAN, DEFINED IN SECTION 3(32) OF ERISA
            SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW WHICH IS, TO A MATERIAL
            EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE
            (ANY SUCH PERSON BEING A "PLAN") AND (II) IS NOT AN ENTITY,
            INCLUDING AN INSURANCE COMPANY SEPARATE ACCOUNT OR GENERAL ACCOUNT,
            WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF A PLAN'S
            INVESTMENT IN THE ENTITY.

            (iv) Such Person shall comply with the provisions of Section
      3.11(b), as applicable, relating to the ERISA restrictions with respect to
      the acceptance or acquisition of such Trust Certificates.

      (b) The Trust Certificates may not be acquired by or for the account of a
Benefit Plan. By accepting and holding a Trust Certificate, the Holder shall be
deemed to have represented and warranted that it is not a Benefit Plan.

                                     -14-
<PAGE>
      (c) The Trust Agent shall have no liability to the Issuer, any Holder, or
any other Person arising from a transfer of any Trust Certificate in reliance
upon a certification or representations, or an opinion described in this Section
3.11. Neither the Trust nor the Owner Trustee is obligated to register or
qualify the Trust Certificates under the Securities Act or any other securities
law.

      (d) Promptly after receipt, the Owner Trustee shall furnish to a
requesting Holder, or any Prospective Owner designated by such Holder, the
information required to be delivered to Holders and Prospective Owners of Trust
Certificates in connection with resales of the Trust Certificates to permit
compliance with Rule 144A of the Securities Act in connection with such resales.
Such information with respect to the Trust Certificates shall be provided to the
Owner Trustee as provided in the Indenture.

                                   ARTICLE IV

                            ACTIONS BY OWNER TRUSTEE

      Section 4.01 Prior Notice to Holders with Respect to Certain Matters.
Subject to the provisions and limitations of Section 4.04, with respect to the
following matters, neither the Owner Trustee nor the Trust Agent shall take any
action unless at least 30 days before the taking of such action, the Owner
Trustee or the Trust Agent, as applicable, shall have notified the Holders in
writing of the proposed action and the Holders shall not have notified the Owner
Trustee or the Trust Agent, as applicable, in writing prior to the 30th day
after such notice is given that such Holders have withheld consent or provided
alternative direction:

      (a) the initiation of any claim or lawsuit by the Trust and the compromise
of any action, claim or lawsuit brought by or against the Trust;

      (b) the election by the Trust to file an amendment to the Certificate of
Trust (unless such amendment is required to be filed under the Business Trust
Statute);

      (c) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is not required and such
amendment materially adversely affects the interest of the Holders;

      (d) the amendment, change or modification of the Administration Agreement,
except to cure any ambiguity or to amend or supplement any provision in a manner
or add any provision that would not materially adversely affect the interests of
the Holders; or

      (e) the appointment pursuant to the Indenture of a successor Note
Registrar, paying agent for the Notes or Indenture Trustee or pursuant to this
Agreement of a successor Certificate Registrar or the Paying Agent, or the
consent to the assignment by the Note Registrar, paying agent for the Notes,
Indenture Trustee, Certificate Registrar or Paying Agent of its obligations
under the Indenture or this Agreement, as applicable.

                                     -15-
<PAGE>
      Section 4.02 Action by Holders with Respect to Certain Matters. Subject to
the provisions and limitations of Section 4.04, neither the Owner Trustee nor
the Trust Agent shall have the power, except upon the direction of the Holders,
to (a) remove the Administrator pursuant to Section 8 of the Administration
Agreement, (b) appoint a successor Administrator pursuant to Section 8 of the
Administration Agreement, (c) except as expressly provided in the Basic
Documents, sell the Underlying Certificates after the termination of the
Indenture, (e) initiate any claim, suit or proceeding by the Trust or compromise
any claim, suit or proceeding brought by or against the Trust, (f) authorize the
merger or consolidation of the Trust with or into any other business trust or
entity (other than in accordance with Section 3.10 of the Indenture) or (g)
amend the Certificate of Trust (unless such amendment is required to be filed
under the Business Trust Statute). The Owner Trustee and the Trust Agent may
only take the actions referred to in the preceding sentence upon written
instructions signed by the Holders.

      Section 4.03 Action by Holders with Respect to Bankruptcy. Neither the
Owner Trustee nor the Trust Agent shall have the power to commence a voluntary
proceeding in bankruptcy relating to the Trust without the unanimous prior
approval of all Holders and the delivery to the Owner Trustee or the Trust
Agent, as applicable, by each such Holder of a certificate certifying that such
Holder reasonably believes that the Trust is insolvent.

      Section 4.04 Restrictions on Holders' Power. The Holders shall not direct
the Owner Trustee or the Trust Agent to take or to refrain from taking any
action if such action or inaction would be contrary to any obligation of the
Trust, or of the Owner Trustee or the Trust Agent, as applicable, under this
Agreement or any of the other Basic Documents or would be contrary to the
purpose of this Trust as set forth in Section 2.03, nor shall the Owner Trustee
or the Trust Agent be obligated to follow any such direction, if given.

      Section 4.05 Majority Control. Except as expressly provided herein, any
action that may be taken by the Holders under this Agreement may be taken by the
Holders evidencing more than 50% of the Percentage Interest in the Residual
Interest. Except as expressly provided herein, any written notice of the Holders
delivered pursuant to this Agreement shall be effective if signed by Holders
evidencing more than 50% of the Percentage Interest in the Residual Interest at
the time of the delivery of such notice.

                                    ARTICLE V

                   APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

      Section 5.01 Establishment of Certificate Distribution Account. The Trust
Agent shall, for the benefit of the Holders, establish and maintain an account
denominated "CERTIFICATE DISTRIBUTION ACCOUNT - RESIDUAL FUNDING OT 2000-A1,
JPMORGAN CHASE BANK, TRUST AGENT," which account shall be an Eligible Account
(the "CERTIFICATE DISTRIBUTION ACCOUNT"). Funds shall be deposited in the
Certificate Distribution Account as provided in the Indenture.

      All of the right, title and interest of the Trust Agent in all funds on
deposit from time to time in the Certificate Distribution Account and in all
proceeds thereof shall be held for the benefit of the Holders and

                                     -16-
<PAGE>
such other persons entitled to distributions therefrom. Except as otherwise
expressly provided herein, the Certificate Distribution Account shall be under
the sole dominion and control of the Trust Agent, as agent of the Owner Trustee,
for the benefit of the Holders. The funds on deposit in the Certificate
Distribution Account shall remain uninvested.

      Section 5.02 Application of Trust Funds.

      (a) On the Closing Date and on each Payment Date, the Trust Agent, on
behalf of the Owner Trustee, shall direct the Paying Agent to distribute all
amounts on deposit in the Certificate Distribution Account first to the
Administrator in payment of any compensation due under the Administration
Agreement and then, the balance to the Holders pro rata.

      (b) On each Payment Date, the Trust Agent, on behalf of the Owner Trustee,
shall cause the Paying Agent to send to each Holder the statement or statements
provided to the Owner Trustee or the Trust Agent by the Indenture Trustee
pursuant to Section 8.07 of the Indenture with respect to such Payment Date.

      (c) In the event that any withholding tax is imposed on the Trust's
payment (or allocations of income) to a Holder, such tax shall reduce the amount
otherwise distributable to the Holder in accordance with this Section. The Trust
Agent is hereby authorized and directed to retain from amounts otherwise
distributable to the Holders sufficient funds for the payment of any tax that is
legally owed by the Trust (but such authorization shall not prevent the Owner
Trustee or the Trust Agent from contesting any such tax in appropriate
proceedings, and withholding payment of such tax, if permitted by law, pending
the outcome of such proceedings). The amount of any withholding tax imposed with
respect to a Holder shall be treated as cash distributed to such Holder at the
time it is withheld by the Trust and remitted to the appropriate taxing
authority. If the Trust Agent receives written notice that there is a
possibility that withholding tax is payable with respect to a distribution, the
Trust Agent shall withhold such amounts in accordance with this paragraph (c).

      Section 5.03 Method of Payment. Subject to Section 9.01(c) respecting the
final payment upon retirement of each Trust Certificate or as otherwise agreed
between a Holder and the Trust Agent, distributions required to be made to each
Holder of record on the related Record Date shall be made by check mailed to
such Holder at the address of such Holder appearing in the Certificate Register,
in the amount to be distributed to such Holder pursuant to such Holder's Trust
Certificates or, if the Holder shall have timely notified the Trust Agent with
the proper instructions, by wire transfer.

      Section 5.04 No Segregation of Monies; No Interest. Subject to Sections
5.01 and 5.02, monies received by the Trust Agent hereunder need not be
segregated in any manner except to the extent required by law and may be
deposited under such general conditions as may be prescribed by law, and the
Trust Agent shall not be liable for any interest thereon.

                                     -17-
<PAGE>
      Section 5.05 Accounting and Reports to the Holders, the Internal Revenue
Service and Others. The Trust Agent shall (a) maintain (or cause to be
maintained) the books of the Trust on a calendar year basis and the accrual
method of accounting, (b) deliver to each Holder, as may be required by the Code
and applicable Treasury Regulations, such information as may be required
(including Schedule K-1, if applicable) to enable each Holder to prepare its
federal and state income tax returns, (c) file such tax returns relating to the
Trust (including a partnership information return, IRS Form 1065, if applicable)
and make such elections as from time to time may be required or appropriate
under any applicable state or federal statute or any rule or regulation
thereunder so as to maintain the Trust's characterization as a partnership, if
applicable, for federal income tax purposes, (d) cause such tax returns to be
signed in the manner required by law and (e) collect or cause to be collected
any withholding tax as described in and in accordance with Section 5.02(c) with
respect to income or distributions to Holders. The Trust Agent shall not make
the election provided under Section 754 of the Code.

      Section 5.06 Signature on Returns; Tax Matters Partner.

      (a) The Owner Trustee shall sign on behalf of the Trust the tax returns,
if any, of the Trust, unless applicable law requires a Holder to sign such
documents, in which case such documents shall be signed by the Depositor, as
long as the Depositor holds a Trust Certificate, and otherwise the holder of the
largest Percentage Interest in the Trust Certificates shall sign such documents.

      (b) If a "tax matters partner" is required pursuant to Section
6231(a)(7)(A) of the Code, the Depositor shall be designated the "tax matters
partner" of the Trust pursuant to Section 6231(a)(7)(A) of the Code and
applicable Treasury Regulations, as long as the Depositor holds a Trust
Certificate, and otherwise the Holder of the largest Percentage Interest in the
Trust Certificates shall be the "tax matters partner". To the extent allowed by
law, the Depositor shall perform the obligations, if any, of the "tax matters
partner" of each entity represented by an Underlying Certificate.

                                   ARTICLE VI

                 AUTHORITY AND DUTIES OF OWNER TRUSTEE AND TRUST
                                      AGENT

      Section 6.01 General Authority. Subject to the provisions and limitations
of Sections 2.03 and 2.06, the Owner Trustee is authorized and directed to
execute and deliver on behalf of the Trust the Basic Documents to which the
Trust is to be a party and each certificate or other document attached as an
exhibit to or contemplated by the Basic Documents to which the Trust is to be a
party and any amendment or other agreement, as evidenced conclusively by the
Owner Trustee's execution thereof. In addition to the foregoing, the Owner
Trustee is authorized, but shall not be obligated, to take all actions required
of the Trust pursuant to the Basic Documents. The Owner Trustee is further
authorized from time to time to take such action as the Administrator or the
Holders recommend with respect to the Basic Documents.

                                     -18-
<PAGE>
      Section 6.02 General Duties. Subject to the provisions and limitations of
Sections 2.03 and 2.06;

      (a) it shall be the duty of the Owner Trustee to discharge (or cause to be
discharged through the Administrator or such agents as shall be appointed) all
of its responsibilities pursuant to the terms of this Agreement and the other
Basic Documents to which the Trust is a party and to administer the Trust in the
interest of the Holders, subject to the Basic Documents and in accordance with
the provisions of this Agreement. Notwithstanding the foregoing, the Owner
Trustee shall be deemed to have discharged its duties and responsibilities
hereunder and under the other Basic Documents to the extent the Administrator or
the Trust Agent has agreed in the Administration Agreement or this Agreement,
respectively, to perform any act or to discharge any duty of the Owner Trustee
or the Trust hereunder or under any Basic Document, and the Owner Trustee shall
not be held liable for the default or failure of the Administrator or the Trust
Agent to carry out its obligations under the Administration Agreement or this
Agreement, respectively; and

      (b) it shall be the duty of the Trust Agent to discharge all of its
responsibilities pursuant to the terms of this Agreement and the other Basic
Documents to which the Trust and the Trust Agent are a party and to administer
the Trust in the interest of the Holders, subject to the Basic Documents and in
accordance with the provisions of this Agreement.

      Section 6.03 Action Upon Instruction.

      (a) Subject to Article IV and Section 7.01(g) of this Agreement, in
accordance with the terms of the Basic Documents, the Holders may by written
instruction direct the Owner Trustee or the Trust Agent in the management of the
Trust. Such direction may be exercised at any time by written instruction of the
Holders pursuant to Article IV.

      (b) Neither the Owner Trustee nor the Trust Agent shall be required to
take any action hereunder or under any other Basic Document if the Owner Trustee
or the Trust Agent, as applicable, shall have reasonably determined, or shall
have been advised by counsel, that such action is likely to result in liability
on the part of the Owner Trustee or the Trust Agent, as applicable, or is
contrary to the terms hereof or of any other Basic Document or is otherwise
contrary to law.

      (c) Whenever the Owner Trustee or the Trust Agent is unable to decide
between alternative courses of action permitted or required by the terms of this
Agreement or under any other Basic Document, the Owner Trustee or the Trust
Agent, as applicable, shall promptly give notice (in such form as shall be
appropriate under the circumstances) to the Holders requesting instruction as to
the course of action to be adopted, and to the extent the Owner Trustee or the
Trust Agent, as applicable, acts in good faith in accordance with any written
instruction of the Holders received, the Owner Trustee or the Trust Agent, as
applicable, shall not be liable on account of such action to any Person. If the
Owner Trustee or the Trust Agent shall not have received appropriate instruction
within ten days of such notice (or within such shorter period of time as
reasonably may be specified in such notice or may be necessary under the
circumstances) it may, but shall be under no duty to, take or refrain from
taking such action not inconsistent with this Agreement and the other Basic
Documents, as it shall deem to be in the best interests of the Holders, and
shall have no liability to any Person for such action or inaction.

                                     -19-
<PAGE>
      (d) In the event that the Owner Trustee or the Trust Agent is unsure as to
the application of any provision of this Agreement or any other Basic Document
or any such provision is ambiguous as to its application, or is, or appears to
be, in conflict with any other applicable provision, or in the event that this
Agreement permits any determination by the Owner Trustee or the Trust Agent or
is silent or is incomplete as to the course of action that the Owner Trustee is
required to take with respect to a particular set of facts, the Owner Trustee or
the Trust Agent may give notice (in such form as shall be appropriate under the
circumstances) to the Holders requesting instruction and, to the extent that the
Owner Trustee or the Trust Agent, as applicable, acts or refrains from acting in
good faith in accordance with any such instruction received, the Owner Trustee
or the Trust Agent, as applicable, shall not be liable, on account of such
action or inaction, to any Person. If the Owner Trustee or the Trust Agent shall
not have received appropriate instruction within ten days of such notice (or
within such shorter period of time as reasonably may be specified in such notice
or may be necessary under the circumstances) it may, but shall be under no duty
to, take or refrain from taking such action not inconsistent with this Agreement
or the other Basic Documents, and shall have no liability to any Person for such
action or inaction.

      Section 6.04 No Duties Except as Specified in this Agreement or in
Instructions. Neither the Owner Trustee nor the Trust Agent shall have any duty
or obligation to manage, make any payment with respect to, register, record,
sell, dispose of or otherwise deal with the Trust Estate, or to otherwise take
or refrain from taking any action under, or in connection with, any document
contemplated hereby to which the Owner Trustee or the Trust Agent, as
applicable, is a party, except as expressly provided by the terms of this
Agreement or in any document or written instruction received by the Owner
Trustee or the Trust Agent, as applicable, pursuant to Section 6.01 or 6.03; and
no implied duties or obligations shall be read into this Agreement or any other
Basic Document against the Owner Trustee or the Trust Agent. Neither the Owner
Trustee nor the Trust Agent shall have any responsibility for filing any
financing or continuation statement in any public office at any time or to
otherwise perfect or maintain the perfection of any security interest or lien
granted to it hereunder or to prepare or file with the Commission any filing for
the Trust or to record this Agreement or any other Basic Document. Each of the
Owner Trustee and the Trust Agent nevertheless agrees that it will, at its own
cost and expense, promptly take all action as may be necessary to discharge any
liens on any part of the Trust Estate that result from actions by, or claims
against, the Owner Trustee or the Trust Agent, as applicable, that are not
related to the ownership or the administration of the Trust Estate or the Grant
of any portion thereof to the Indenture Trustee pursuant to the Indenture.

      Section 6.05 No Action Except Under Specified Documents or Instructions.
Neither the Owner Trustee nor the Trust Agent shall manage, control, use, sell,
dispose of or otherwise deal with any part of the Trust Estate except in
accordance with (i) the powers granted to and the authority conferred upon the
Owner Trustee or the Trust Agent, as applicable, pursuant to this Agreement,
(ii) the other Basic Documents and (iii) any document or instruction delivered
to the Owner Trustee or the Trust Agent, as applicable, pursuant to Section
6.03.

      Section 6.06 Restrictions. Neither the Owner Trustee nor the Trust Agent
shall take any action (i) that is inconsistent with the purposes of the Trust
set forth in Section 2.03 or (ii) that, to the actual knowledge of a Responsible
Officer of the Owner Trustee or the Trust Agent, as applicable, would result in
the Trust's becoming taxable as a corporation for federal or state income tax
purposes. The Holders

                                     -20-
<PAGE>
shall not direct the Owner Trustee or the Trust Agent to take action that would
violate the provisions of this Section.

                                   ARTICLE VII

                CONCERNING THE OWNER TRUSTEE AND THE TRUST AGENT

      Section 7.01 Acceptance of Trusts and Duties. The Owner Trustee accepts
the trusts hereby created and agrees to perform its duties hereunder with
respect to such trusts but only upon the terms of this Agreement and the other
Basic Documents. The Trust Agent agrees to perform its duties hereunder upon the
terms of this Agreement and the other Basic Documents. Neither the Owner Trustee
nor the Trust Agent shall be liable except for the performance of such duties
and obligations as are specifically set forth in this Agreement, no implied
covenants or obligations shall be read into this Agreement against the Owner
Trustee or the Trust Agent and, in the absence of bad faith on the part of the
Owner Trustee or the Trust Agent, as applicable, the Owner Trustee and the Trust
Agent may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon any certificates or opinions
furnished to the Owner Trustee or the Trust Agent and conforming to the
requirements of this Agreement. Each of the Owner Trustee and the Trust Agent
agrees to disburse all monies actually received by it constituting part of the
Trust Estate upon the terms of this Agreement and the other Basic Documents.
Neither the Owner Trustee nor the Trust Agent shall be answerable or accountable
hereunder or under any other Basic Document under any circumstances, except (i)
for its own willful misconduct or negligence or (ii) in the case of the
inaccuracy of any representation or warranty contained in Section 7.03 expressly
made by the Owner Trustee or the Trust Agent, as the case may be. In particular,
but not by way of limitation (and subject to the exceptions set forth in the
preceding sentence):

      (a) neither the Owner Trustee nor the Trust Agent shall be liable for any
error of judgment made by a Responsible Officer of the Owner Trustee or the
Trust Agent, respectively;

      (b) neither the Owner Trustee nor the Trust Agent shall be liable with
respect to any action taken or omitted to be taken by it in good faith in
accordance with this Agreement, the Basic Documents or the written direction of
the Administrator or any Holder;

      (c) no provision of this Agreement or any other Basic Document shall
require the Owner Trustee or the Trust Agent to expend or risk funds or
otherwise incur any financial liability in the performance of any of its rights
or powers hereunder or under any other Basic Document if the Owner Trustee or
the Trust Agent shall have reasonable grounds for believing that repayment of
such funds or adequate indemnity against such risk or liability is not
reasonably assured or provided to it;

      (d) under no circumstances shall the Owner Trustee or the Trust Agent be
liable for indebtedness evidenced by or arising under any of the Basic
Documents, including the principal of and interest on the Notes;

                                     -21-
<PAGE>
      (e) neither the Owner Trustee nor the Trust Agent shall be responsible for
or in respect of the validity or sufficiency of this Agreement or for the due
execution hereof by the Depositor or for the form, character, genuineness,
sufficiency, value or validity of any of the Trust Estate, or for or in respect
of the validity or sufficiency of the Basic Documents, other than the
certificate of authentication on the Trust Certificates, and neither the Owner
Trustee nor the Trust Agent shall assume or incur any liability, duty or
obligation to any Noteholder or to any Holder, other than as expressly provided
for herein or expressly agreed to in the other Basic Documents;

      (f) neither the Owner Trustee nor the Trust Agent shall be liable for the
default or misconduct of the Administrator, the Depositor or the Indenture
Trustee under any of the Basic Documents or otherwise and neither the Owner
Trustee nor the Trust Agent shall have any obligation or liability to perform
the obligations of the Trust under this Agreement or the other Basic Documents
that are required to be performed by the Administrator under the Administration
Agreement, the Indenture Trustee under the Indenture or the Depositor under the
Sale and Assignment Agreement;

      (g) neither the Owner Trustee nor the Trust Agent shall be under any
obligation to exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any litigation under this
Agreement or otherwise or in relation to this Agreement or any other Basic
Document, at the request, order or direction of the Holders, unless such Holders
have offered to the Owner Trustee or the Trust Agent, as applicable, security or
indemnity satisfactory to it against the costs, expenses and liabilities that
may be incurred by the Owner Trustee or the Trust Agent, as applicable, therein
or thereby; the right of the Owner Trustee and the Trust Agent to perform any
discretionary act enumerated in this Agreement or in any other Basic Document
shall not be construed as a duty, and neither the Owner Trustee nor the Trust
Agent shall be answerable for other than its negligence or willful misconduct in
the performance of any such act;

      (h) anything in this Agreement to the contrary notwithstanding, in no
event shall the Owner Trustee or Trust Agent be liable for special, indirect or
consequential loss or damage of any kind whatsoever (including but not limited
to lost profit), even if the Owner Trustee or Trust Agent has been advised of
the likelihood of such loss or damage and regardless of the form of action;

      (i) neither the Owner Trustee nor the Trust Agent shall be required to
take notice or be deemed to have notice or knowledge of any default or any Event
of Default under any of the Basic Documents unless a Responsible Officer of the
Owner Trustee or the Trust Agent, respectively, shall have received written
notice thereof. In the absence of receipt of such notice, the Owner Trustee and
Trust Agent may conclusively assume that there is no default or Event of
Default;

      (j) each of the Owner Trustee and the Trust Agent may rely and shall be
protected in acting or refraining from acting upon any resolution, opinion of
counsel, certificate of auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties;

                                     -22-
<PAGE>
      (k) each of the Owner Trustee and the Trust Agent may consult with counsel
and any advice or opinion of counsel shall be full and complete authorization
and protection in respect of any action taken or suffered or omitted by it
hereunder in good faith and in accordance with such advice or opinion of
counsel;

      (l) neither the Owner Trustee nor the Trust Agent shall be bound to make
any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond or other paper or document, unless requested in writing to
do so by the Administrator or Holders; provided, however, that if the payment
within a reasonable time to the Owner Trustee or Trust Agent, as applicable, of
the costs, expenses or liabilities likely to be incurred by it in the making of
such investigation is, in the opinion of the Owner Trustee or Trust Agent, as
applicable, not reasonably assured to it by the security afforded to them by the
terms of this Agreement, the Owner Trustee or Trust Agent, as applicable, may
require reasonable indemnity against such cost, expense or liability as a
condition to taking any such action;

      (m) neither the Owner Trustee nor the Trust Agent shall be required to
give any bond or surety in respect of the execution of the Trust created hereby
or the powers granted hereunder; and

      (n) each of the Owner Trustee and Trust Agent may execute any of their
respective trusts or powers hereunder or perform any of their respective duties
hereunder either directly or by or through agents, attorneys or custodians, and
neither the Owner Trustee nor the Trust Agent shall be responsible for any
misconduct or negligence on the part of any such agent, attorney or custodian
appointed by the Owner Trustee or Trust Agent, as applicable, with due care.

      Section 7.02 Furnishing of Documents. The Owner Trustee shall furnish to
the Trust Agent duplicates or copies of all reports, notices, requests, demands,
certificates, financial statements and any other instruments furnished to the
Owner Trustee under the Basic Documents. The Trust Agent shall furnish to the
Holders promptly upon receipt of a written request therefor, duplicates or
copies of all reports, notices, requests, demands, certificates, financial
statements and any other instruments furnished to the Trust Agent under the
Basic Documents or furnished to the Trust Agent as provided in the preceding
sentence.

      Section 7.03 Representations and Warranties.

      (a) The Owner Trustee hereby represents and warrants to the Depositor and
the Holders:

            (i) It is a banking corporation duly organized and validly existing
      in good standing under the laws of the State of Delaware. It has all
      requisite corporate power and authority to execute, deliver and perform
      its obligations under this Agreement.

            (ii) It has taken all corporate action necessary to authorize the
      execution and delivery by it of this Agreement, and this Agreement will be
      executed and delivered by one of its officers who is duly authorized to
      execute and deliver this Agreement on its behalf.

                                     -23-
<PAGE>
            (iii) Neither the execution nor the delivery by it of this
      Agreement, nor the consummation by it of the transactions contemplated
      hereby nor compliance by it with any of the terms or provisions hereof
      will contravene any federal or Delaware law, governmental rule or
      regulation governing the banking or trust powers of the Owner Trustee or
      any judgment or order binding on it, or constitute any default under its
      charter documents or bylaws or, to its actual knowledge, any indenture,
      mortgage, contract, agreement or instrument to which it is a party or by
      which any of its properties may be bound or result in the creation or
      imposition of any lien, charge or encumbrance on the Trust Estate
      resulting from actions by or claims against the Owner Trustee individually
      which are unrelated to this Agreement or the other Basic Documents.

      (b) The Trust Agent hereby represents and warrants to the Depositor and
the Holders:

            (i) It is a New York banking corporation duly organized and validly
      existing in good standing under the laws of the State of New York. It has
      all requisite corporate power and authority to execute, deliver and
      perform its obligations under this Agreement.

            (ii) It has taken all corporate action necessary to authorize the
      execution and delivery by it of this Agreement, and this Agreement will be
      executed and delivered by one of its officers who is duly authorized to
      execute and deliver this Agreement on its behalf.

            (iii) Neither the execution nor the delivery by it of this
      Agreement, nor the consummation by it of the transactions contemplated
      hereby nor compliance by it with any of the terms or provisions hereof
      will contravene any federal law or New York law, governmental rule or
      regulation governing the banking or trust powers of the Trust Agent or any
      judgment or order binding on it, or constitute any default under its
      charter documents or bylaws or any indenture, mortgage, contract,
      agreement or instrument to which it is a party or by which any of its
      properties may be bound or result in the creation or imposition of any
      lien, charge or encumbrance on the Trust Estate resulting from actions by
      or claims against the Trust Agent individually which are unrelated to this
      Agreement or the other Basic Documents.

      Section 7.04 Reliance; Advice of Counsel.

      (a) Neither the Owner Trustee nor the Trust Agent shall incur liability to
anyone in acting upon any signature, instrument, notice, resolution, request,
consent, order, certificate, report, opinion, bond or other document or paper
believed by it to be genuine and believed by it to be signed by the proper party
or parties. The Owner Trustee and the Trust Agent may accept a certified copy of
a resolution of the board of directors or other governing body of any corporate
party as conclusive evidence that such resolution has been duly adopted by such
body and that the same is in full force and effect. As to any fact or matter the
method of determination of which is not specifically prescribed herein, the
Owner Trustee and the Trust Agent may for all purposes hereof rely on a
certificate, signed by the president or any vice president or by the treasurer
or other authorized officers of the relevant party, as to such fact or matter
and such certificate shall constitute full protection to the Owner Trustee or
the Trust Agent, as applicable, for any action taken or omitted to be taken by
it in good faith in reliance thereon.

                                     -24-
<PAGE>
      (b) In the exercise or administration of the trusts hereunder and in the
performance of its duties and obligations under this Agreement or the other
Basic Documents, the Owner Trustee and the Trust Agent each (i) may act directly
or through its agents or attorneys pursuant to agreements entered into with any
of them, and neither the Owner Trustee nor the Trust Agent shall be liable for
the conduct or misconduct of such agents or attorneys if such agents or
attorneys shall have been selected by the Owner Trustee or the Trust Agent with
reasonable care, and (ii) may consult with counsel, accountants and other
skilled persons to be selected with reasonable care and employed by it at the
sole expense of the Depositor. Neither the Owner Trustee nor the Trust Agent
shall be liable for anything done, suffered or omitted in good faith by it in
accordance with the written opinion or advice of any such counsel, accountants
or other such persons and not contrary to this Agreement or any other Basic
Document.

      Section 7.05 Not Acting in Individual Capacity. Except as otherwise
provided in this Article VII in accepting the trusts hereby created, Bankers
Trust (Delaware) acts solely as Owner Trustee hereunder and not in its
individual capacity, and JPMorgan Chase Bank acts solely as Trust Agent
hereunder and not in its individual capacity, and all Persons having any claim
against the Owner Trustee or the Trust Agent by reason of the transactions
contemplated by this Agreement or any other Basic Document shall look only to
the Trust Estate for payment or satisfaction thereof.

      Section 7.06 Owner Trustee and Trust Agent Not Liable for Trust
Certificates, Notes or Underlying Certificates. The recitals contained herein
and in the Trust Certificates (other than (i) the respective signatures of the
Owner Trustee and the Trust Agent; (ii) in the case of the Owner Trustee, the
recitals contained in Section 7.03(a); and (iii) in the case of the Trust Agent,
the recitals contained in Section 7.03(b) and the certificate of authentication
on the Trust Certificates) shall be taken as the statements of the Depositor,
and neither the Owner Trustee nor the Trust Agent assumes responsibility for the
correctness thereof. Neither the Owner Trustee nor the Trust Agent makes any
representations as to the validity or sufficiency of this Agreement, any other
Basic Document or the Trust Certificates (other than the respective signatures
of the Owner Trustee and the Trust Agent, and, in the case of the Trust Agent,
the certificate of authentication on the Trust Certificates) or the Notes, or of
any related documents. The Owner Trustee and the Trust Agent shall at no time
have any responsibility or liability for or with respect to the sufficiency of
the Trust Estate or its ability to generate the payments to be distributed to
Holders under this Agreement or the Noteholders under the Indenture, including,
without limitation, the validity of the assignment of any Underlying Certificate
to the Trust or of any intervening assignment; the compliance by the Depositor
with any warranty or representation made under any Basic Document or in any
related document or the accuracy of any such warranty or representation; or any
action of the Administrator or the Indenture Trustee taken in the name of the
Owner Trustee or the Trust Agent.

      Section 7.07 Owner Trustee and Trust Agent May Own Trust Certificates and
Notes. The Owner Trustee and the Trust Agent, each in its individual or any
other capacity, may become the owner or pledgee of Trust Certificates or Notes
and may deal with the Depositor, the Administrator and the Indenture Trustee in
banking transactions with the same rights as it would have if it were not Owner
Trustee or Trust Agent, as the case may be.

                                     -25-
<PAGE>
                                  ARTICLE VIII

                    COMPENSATION AND INDEMNIFICATION OF OWNER
                             TRUSTEE AND TRUST AGENT

      Section 8.01 Owner Trustee's and Trust Agent's Fees and Expenses. The
Owner Trustee and the Trust Agent shall receive as compensation for their
respective services hereunder such fees as have been separately agreed upon
before the date hereof between the Administrator and the Owner Trustee and the
Trust Agent, respectively, and the Owner Trustee and the Trust Agent shall be
entitled to be reimbursed by the Administrator for other reasonable expenses
hereunder, including the reasonable compensation, expenses and disbursements of
such agents, representatives, experts and counsel as the Owner Trustee or the
Trust Agent may employ in connection with the exercise and performance of its
rights and its duties hereunder.

      Section 8.02 Indemnification. The Owner Trustee and the Trust Agent shall
be entitled to indemnification as provided in the Administration Agreement.

      Section 8.03 Payments to the Owner Trustee or Trust Agent. Any amounts
paid to the Owner Trustee or the Trust Agent pursuant to this Article shall be
deemed not to be a part of the Trust Estate immediately after such payment.

                                   ARTICLE IX

                         TERMINATION OF TRUST AGREEMENT

      Section 9.01 Termination of Trust Agreement.

      (a) This Agreement (other than Article VIII) and the Trust shall terminate
and be of no further force or effect upon the earlier of (i) final distribution
of all monies or other property or proceeds of the Trust Estate in accordance
with the terms of the Indenture and Article V of this Agreement and (ii) the
expiration of 21 years from the death of the last survivor of the descendants of
Joseph P. Kennedy, the late Ambassador of the United States to the Court of St.
James's, living on the date hereof. The bankruptcy, liquidation, dissolution,
death or incapacity of any Holder shall not (i) operate to terminate this
Agreement or the Trust, (ii) entitle such Holder's legal representatives or
heirs to claim an accounting or to take any action or proceeding in any court
for a partition or winding up of all or any part of the Trust or Trust Estate or
(iii) otherwise affect the rights, obligations and liabilities of the parties
hereto.

      (b) Except as provided in Section 9.01(a), neither the Depositor nor any
Holder shall be entitled to revoke or dissolve the Trust.

                                     -26-
<PAGE>
      (c) Notice of any dissolution of the Trust, specifying the Payment Date
upon which Holders shall surrender their Trust Certificates to the Paying Agent
for payment of the final distribution and cancellation, shall be given by the
Trust Agent by letter to Holders and, to the extent the Notes have not been paid
in full, to the Indenture Trustee mailed within five Business Days of receipt of
notice of such termination from the Seller given pursuant to Article IV of the
Sale and Assignment Agreement, stating (i) the Payment Date upon or with respect
to which final payment of the Trust Certificates shall be made upon presentation
and surrender of the Trust Certificates at the office of the Paying Agent in the
City of New York therein designated, (ii) the amount of any such final payment
and (iii) that the Record Date otherwise applicable to such Payment Date is not
applicable, payments being made only upon presentation and surrender of the
Trust Certificates at the office of the Paying Agent therein specified. The
Trust Agent shall give such notice to the Certificate Registrar (if other than
the Trust Agent) and the Paying Agent (if other than the Trust Agent) at the
time such notice is given to Holders. After satisfaction of any liabilities of
the Trust in accordance with the Business Trust Statute, upon presentation and
surrender of the Certificates, the Paying Agent shall cause to be distributed to
Holders of the Trust Certificates, on a pro rata basis, any amounts remaining in
the Trust upon the termination of this Agreement. In addition, the Trust agent
shall notify the Rating Agency upon the final distribution in respect of the
Trust Certificates.

      (d) In the event that all of the Holders shall not surrender their Trust
Certificates for cancellation within six months after the date specified in the
above-mentioned written notice, the Trust Agent shall give a second written
notice to the remaining Holders to surrender their Trust Certificates for
cancellation and receive the final distribution with respect thereto. If within
one year after the second notice all the Trust Certificates shall not have been
surrendered for cancellation, the Trust Agent may take appropriate steps, or may
appoint an agent to take appropriate steps, to contact the remaining Holders
concerning surrender of their Trust Certificates, and the cost thereof shall be
paid out of the funds and other assets that shall remain subject to this
Agreement.

      (e) Upon the winding up of the Trust and its termination, the Owner
Trustee shall cause the Certificate of Trust to be canceled by filing a
certificate of cancellation with the Secretary of State in accordance with the
provisions of Section 3810 of the Business Trust Statute. Upon the filing of
such certificate, the Trust and this Agreement (other than Article VIII) shall
terminate and be of no further force or effect.

                                    ARTICLE X

                   SUCCESSOR OWNER TRUSTEES, ADDITIONAL OWNER
                             TRUSTEE AND TRUST AGENT

      Section 10.01 Eligibility Requirements for Owner Trustee. The Owner
Trustee shall at all times be a corporation satisfying the provisions of Section
3807(a) of the Business Trust Statute; authorized to exercise corporate trust
powers; having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state authorities; and
having (or having a parent that has) a rating of at least A-1 by Standard &
Poor's. If such corporation shall publish reports of condition at least annually
pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for

                                     -27-
<PAGE>
the purpose of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published. In case at any time the
Owner Trustee shall cease to be eligible in accordance with the provisions of
this Section, the Owner Trustee shall resign immediately in the manner and with
the effect specified in Section 10.02.

      Section 10.02 Resignation or Removal of Owner Trustee. The Owner Trustee
may at any time resign and be discharged from the trusts hereby created by
giving written notice thereof to the Administrator. Upon receiving such notice
of resignation, the Administrator shall promptly appoint a successor Owner
Trustee by written instrument, in duplicate, one copy of which instrument shall
be delivered to the resigning Owner Trustee and one copy to the successor Owner
Trustee. If no successor Owner Trustee shall have been so appointed and have
accepted appointment within 30 days after the giving of such notice of
resignation, the resigning Owner Trustee may petition any court of competent
jurisdiction for the appointment of a successor Owner Trustee.

      If at any time the Owner Trustee shall cease to be eligible in accordance
with the provisions of Section 10.01 and shall fail to resign after written
request therefor by the Administrator, or if at any time the Owner Trustee shall
be legally unable to act, or shall be adjudged bankrupt or insolvent, or a
receiver of the Owner Trustee or of its property shall be appointed, or any
public officer shall take charge or control of the Owner Trustee or of its
property or affairs for the purpose of rehabilitation, conservation or
liquidation, or if at any time the Owner Trustee shall have breached any
representation or warranty contained in Section 7.03(a) (without regard to any
knowledge qualification), then the Administrator may remove the Owner Trustee.
If the Owner Trustee shall be removed under the authority of the immediately
preceding sentence, the Administrator shall promptly appoint a successor Owner
Trustee by written instrument, in duplicate, one copy of which instrument shall
be delivered to the outgoing Owner Trustee so removed and one copy to the
successor Owner Trustee, and shall pay all fees owed to the outgoing Owner
Trustee.

      Any resignation or removal of the Owner Trustee and appointment of a
successor Owner Trustee pursuant to any of the provisions of this Section shall
not become effective until acceptance of appointment by the successor Owner
Trustee pursuant to Section 10.03 and payment of all fees and expenses owed to
the outgoing Owner Trustee. The Administrator shall provide notice of such
resignation or removal of the Owner Trustee to the Rating Agency.

      Section 10.03 Successor Owner Trustee. Any successor Owner Trustee
appointed pursuant to Section 10.02 shall execute, acknowledge and deliver to
the Administrator and to its predecessor Owner Trustee an instrument accepting
such appointment under this Agreement, and thereupon the resignation or removal
of the predecessor Owner Trustee shall become effective, and such successor
Owner Trustee, without any further act, deed or conveyance, shall become fully
vested with all the rights, powers, duties and obligations of its predecessor
under this Agreement, with like effect as if originally named as Owner Trustee.
The predecessor Owner Trustee shall upon payment of its fees and expenses
deliver to the successor Owner Trustee all documents and statements and monies
held by it under this Agreement; and the Administrator and the predecessor Owner
Trustee shall execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and confirming in the
successor Owner Trustee all such rights, powers, duties and obligations.

                                     -28-
<PAGE>
      No successor Owner Trustee shall accept appointment as provided in this
Section unless at the time of such acceptance such successor Owner Trustee shall
be eligible pursuant to Section 10.01.

      Upon acceptance of appointment by a successor Owner Trustee pursuant to
this Section, the Administrator shall mail notice thereof to all Holders, the
Depositor, the Indenture Trustee, the Noteholders and the Rating Agency. If the
Administrator shall fail to mail such notice within ten days after acceptance of
such appointment by the successor Owner Trustee, the successor Owner Trustee
shall cause such notice to be mailed at the expense of the Administrator.

      Section 10.04 Merger or Consolidation of Owner Trustee. Any corporation
into which the Owner Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Owner Trustee shall be a party, or any corporation
succeeding to all or substantially all of the corporate trust business of the
Owner Trustee, shall be the successor of the Owner Trustee hereunder, without
the execution or filing of any instrument or any further act on the part of any
of the parties hereto, anything herein to the contrary notwithstanding;
provided, that such corporation shall be eligible pursuant to Section 10.01 and,
provided, further, that the Owner Trustee shall mail notice of such merger or
consolidation to the Rating Agency.

      Section 10.05 Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any time, for the
purpose of meeting any legal requirements of any jurisdiction in which any part
of the Trust Estate may at the time be located, the Administrator and the Owner
Trustee acting jointly shall have the power and shall execute and deliver all
instruments to appoint one or more Persons approved by the Administrator and
Owner Trustee to act as co-trustee, jointly with the Owner Trustee, or as
separate trustee or separate trustees, of all or any part of the Trust Estate,
and to vest in such Person, in such capacity, such title to the Trust or any
part thereof and, subject to the other provisions of this Section, such powers,
duties, obligations, rights and trusts as the Administrator and the Owner
Trustee may consider necessary or desirable. If the Administrator shall not have
joined in such appointment within 15 days after the receipt by it of a request
to do so, the Owner Trustee shall have the power to make such appointment. No
co-trustee or separate trustee under this Agreement shall be required to meet
the terms of eligibility as a successor Owner Trustee, provided that such
co-trustee or successor trustee must be acceptable to the Rating Agency and no
notice of the appointment of any co- trustee or separate trustee shall be
required pursuant to Section 10.03.

      Section 10.06 Appointment of Trust Agent. Each separate trustee and
co-trustee shall, to the extent permitted by law, be appointed and act subject
to the following provisions and conditions:

      (a) all rights, powers, duties and obligations conferred or imposed upon
the Owner Trustee shall be conferred upon and exercised or performed by the
Owner Trustee and such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not authorized to act
separately without the Owner Trustee joining in such act), except to the extent
that under any law of any jurisdiction in which any particular act or acts are
to be performed, the Owner Trustee shall be incompetent or unqualified to
perform such act or acts, in which event such rights, powers, duties and
obligations (including the holding of title to the Trust Estate or any portion
thereof in any such jurisdiction) shall be

                                     -29-
<PAGE>
exercised and performed singly by such separate trustee or co-trustee, but
solely at the direction of the Owner Trustee;

      (b) no trustee under this Agreement shall be personally liable by reason
of any act or omission of any other trustee under this Agreement; and

      (c) the Administrator and the Owner Trustee acting jointly may at any time
accept the resignation of or remove any separate trustee or co-trustee.

      Any notice, request or other writing given to the Owner Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees,
as effectively as if given to each of them. Every instrument appointing any
separate trustee or co-trustee shall refer to this Agreement and the conditions
of this Article. Each separate trustee and co-trustee, upon its acceptance of
the trusts conferred, shall be vested with the estates or property specified in
its instrument of appointment, either jointly with the Owner Trustee or
separately, as may be provided therein, subject to all the provisions of this
Agreement, specifically including every provision of this Agreement relating to
the conduct of, affecting the liability of or affording protection to, the Owner
Trustee. Each such instrument shall be filed with the Owner Trustee and a copy
thereof given to the Administrator.

      Any separate trustee or co-trustee may at any time appoint the Owner
Trustee as its agent or attorney-in-fact with full power and authority, to the
extent not prohibited by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Owner Trustee, to the extent permitted by law, without the appointment of a new
or successor co-trustee or separate trustee.

      The Owner Trustee on behalf of the Trust hereby appoints JPMorgan Chase
Bank as Trust Agent for the purpose of establishing and maintaining the
Certificate Distribution Account and making the distributions therefrom to the
persons entitled thereto pursuant to Section 5.02 of this Agreement and for
purposes of performing the other duties specified to be performed by the Trust
Agent under this Agreement and the other Basic Documents. The Trust Agent, in
its capacity as Trust Agent, shall not have any rights, duties or obligations
except as expressly provided in this Agreement and the Sale and Assignment
Agreement.

      The Trust Agent may at any time resign and be discharged from the trusts
hereby created by giving 30 days' written notice thereof to the Owner Trustee
and the Administrator. Upon receiving such notice of resignation, the Owner
Trustee shall promptly appoint a successor Trust Agent by written instrument, in
duplicate, one copy of which instrument shall be delivered to the resigning
Trust Agent and one copy to the successor Trust Agent.

                                     -30-
<PAGE>
                                   ARTICLE XI

                                  MISCELLANEOUS

      Section 11.01 Supplements and Amendments.

      (a) This Agreement may be amended by the Depositor, the Owner Trustee and
the Trust Agent without the consent of any of the Noteholders or the Holders, to
cure any ambiguity, to correct or supplement any provisions herein which may be
inconsistent with any of the provisions herein or make any other provisions with
respect to matters or questions arising hereunder that shall not be inconsistent
with the provisions of this Agreement; provided, however, that (i) any such
action shall not materially and adversely affect the interests of any Noteholder
or any Holder; (ii) any such action shall be deemed not to materially and
adversely affect the interest of any Noteholder if the Person requesting the
amendment obtains (A) a letter from the Rating Agency to the effect that the
amendment would not result in a downgrading or withdrawal of the ratings then
assigned to the Notes by such Rating Agency or (B) an opinion of counsel to such
effect; and (iii) any such action shall be deemed not to materially and
adversely affect the interest of any Holder if the Person requesting such
amendment obtains an opinion of counsel to such effect, or Holders representing
100% of the Percentage Interests consent to such amendment.

      (b) This Agreement may also be amended from time to time by the Depositor,
the Owner Trustee and the Trust Agent, with the consent of, for so long as the
Notes are Outstanding, Noteholders representing not less than 51% of the
Outstanding Amount of the Notes (which consent of any Noteholder given pursuant
to this Section or pursuant to any other provision of this Agreement shall be
conclusive and binding on such Noteholder and on all future holders of such Note
issued upon the transfer thereof or in exchange thereof or in lieu thereof
whether or not notation of such consent is made thereon) and, if such amendment
materially and adversely affects the interests of the Holders, with the consent
of Holders evidencing not less than 51% of the Percentage Interests, for the
purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Agreement, or of modifying in any manner the rights of
the Noteholders or the Holders; provided, however, that no such amendment may
(i) increase or reduce in any manner the amount of, or accelerate or delay the
timing of, collections of payments on the Underlying Certificates or
distributions that shall be required to be made for the benefit of the
Noteholders or Holders, (ii) reduce the aforesaid percentage of the Outstanding
Amount of the Notes or Percentage Interest of the Holders required to consent to
any such amendment, without the consent of the Holders of all outstanding Notes
and Trust Certificates or (iii) alter the provisions of Section 11.07 or 11.08,
without the consent of MBIA Insurance Corporation or its successor in interest.

      (c) Prior to the execution of any such amendment or consent, the Owner
Trustee shall furnish written notification of the substance of such amendment or
consent, together with a copy thereof, to the Indenture Trustee, the
Administrator and the Rating Agency.

      (d) Promptly after the execution of any such amendment or consent, the
Trust Agent shall furnish written notification of the substance of such
amendment or consent to each Holder. It shall not be necessary for the consent
of Holders, Noteholders or the Indenture Trustee pursuant to this Section to
approve the particular form of any proposed amendment or consent, but it shall
be sufficient if such consent

                                     -31-
<PAGE>
shall approve the substance thereof. The manner of obtaining such consents (and
any other consents of Holders provided for in this Agreement or in any other
Basic Document) and of evidencing the authorization of the execution thereof by
Holders shall be subject to such reasonable requirements as the Owner Trustee
may prescribe.

      (e) Promptly after the execution of any amendment to the Certificate of
Trust, the Owner Trustee shall cause the filing of such amendment with the
Secretary of State.

      (f) In connection with the execution of any amendment to this Agreement or
any other Basic Document to which the Trust is a party and for which amendment
the Owner Trustee's consent is sought, each of the Owner Trustee and the Trust
Agent shall be entitled to receive and conclusively rely upon an Opinion of
Counsel to the effect that such amendment is authorized or permitted by the
Basic Documents and that all conditions precedent in the Basic Documents for the
execution and delivery thereof by the Trust, the Owner Trustee or the Trust
Agent, as the case may be, have been satisfied. The Owner Trustee and the Trust
Agent may, but shall not be obligated to, enter into any such amendment that
affects the Owner Trustee's or the Trust Agent's own rights, duties or
immunities under this Agreement or otherwise.

      Section 11.02 Limitations on Rights of Others. Except for Section 2.07,
the provisions of this Agreement are solely for the benefit of the Owner
Trustee, the Trust Agent, the Depositor, the Holders, the Administrator and, to
the extent expressly provided herein, the Indenture Trustee and the Noteholders,
and nothing in this Agreement (other than Section 2.07), whether express or
implied, shall be construed to give to any other Person any legal or equitable
right, remedy or claim in the Trust Estate or under or in respect of this
Agreement or any covenants, conditions or provisions contained herein.

      Section 11.03 Notices. All demands, notices and communications under this
Agreement shall be in writing personally delivered or mailed by certified mail,
return receipt requested, and shall be deemed to have been duly given upon
receipt in the case of (a) the Owner Trustee, at the Owner Trustee Corporate
Trust Office; (b) the Depositor, at Onyx Acceptance Financial Corporation, 27051
Towne Centre Drive, Suite 200, Foothill Ranch, California 92610; (c) the Trust
Agent, at JPMorgan Chase Bank, Attention: Institutional Trust Services, 450 West
33rd Street, 14th Floor, New York, New York 10001; or (d) as to each party, at
such other address as shall be designated by such party in a written notice to
each other party. Any notice required or permitted to be mailed to a Holder
shall be given by first-class mail, postage prepaid, at the address of such
Holder as shown in the Certificate Register. Any notice so mailed within the
time prescribed in this Agreement shall be conclusively presumed to have been
duly given, whether or not the Holder receives such notice.

      Section 11.04 Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement or of the Trust
Certificates or the rights of the Holders thereof.

                                     -32-
<PAGE>
      Section 11.05 Counterparts. This Agreement may be executed in several
counterparts, each of which shall be an original and all of which shall
constitute but one and the same instrument.

      Section 11.06 Successors and Assigns. All covenants and agreements
contained herein shall be binding upon, and inure to the benefit of, each of the
Depositor, the Owner Trustee, the Trust Agent and their respective successors
and permitted assigns and each Holder and its successors and permitted assigns,
all as herein provided. Any request, notice, direction, consent, waiver or other
instrument or action by a Holder shall bind the successors and assigns of such
Holder.

      Section 11.07 No Petition.

      (a) The Depositor will not at any time institute against the Trust any
bankruptcy proceedings under any United States federal or state bankruptcy or
similar law in connection with any obligations relating to the Trust
Certificates, the Notes, this Agreement or any of the other Basic Documents.

      (b) Each of the Owner Trustee and the Trust Agent, by entering into this
Agreement, each Holder, by accepting a Trust Certificate, and the Indenture
Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby
covenant and agree that they will not at any time institute against the Seller,
the Depositor or the Trust, or join in any institution against the Seller, the
Depositor or the Trust of, any bankruptcy proceedings under any United States
federal or state bankruptcy or similar law in connection with any obligations
relating to the Trust Certificates, the Notes, this Agreement or any of the
other Basic Documents.

      Section 11.08 No Recourse. The Owner Trustee and each Holder by accepting
a Trust Certificate acknowledges that such Holder's Trust Certificates
represents a beneficial interest in the Trust only and does not represent an
interest in or obligation of the Depositor, the Seller, the Administrator, the
Owner Trustee, the Trust Agent, the Indenture Trustee or any of their respective
Affiliates and no recourse may be had against such parties or their assets,
except as may be expressly set forth or contemplated in this Agreement, the
Trust Certificates or the other Basic Documents.

      Section 11.09 Certificates Nonassessable and Fully Paid. Holders shall not
be personally liable for obligations of the Trust. Except as expressly provided
herein, the interests represented by the Trust Certificates shall be
nonassessable for any losses or expenses of the Trust or for any reason
whatsoever, and, upon authentication thereof pursuant to Section 3.03, the Trust
Certificates shall be deemed fully paid.

      Section 11.10 Headings. The headings of the various Articles and Sections
herein are for convenience of reference only and shall not define or limit any
of the terms or provisions hereof.

      Section 11.11 Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                     -33-
<PAGE>
      Section 11.12 Duties. The duties and responsibilities of the Owner Trustee
and the Trust Agent shall be limited to those expressly provided for in this
Agreement. The parties hereto agree that except for the purpose of the foregoing
sentence, neither the Owner Trustee nor the Trust Agent shall have management
responsibilities.

                                     -34-
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective officers hereunto duly authorized, as of the
day and year first above written.

                                    ONYX ACCEPTANCE FINANCIAL
                                    CORPORATION, as Depositor

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

                                    BANKERS TRUST (DELAWARE),
                                    as Owner Trustee

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

                                    JPMORGAN CHASE BANK,
                                    as Trust Agent

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

Amended and Restated Trust Agreement (2000-A1 Residual) - Signature Page

                                     -35-
<PAGE>
                                                                       EXHIBIT A

                            FORM OF TRUST CERTIFICATE

                              [Begins on Next Page]<PAGE>
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS
EXHIBIT.

                                                                    Exhibit 10.1

                           PRODUCT PURCHASE AGREEMENT

                  This PRODUCT PURCHASE AGREEMENT (this "Agreement") is made and
entered into effective as of November 22, 2000 (the "Effective Date"), by and
between BROADCOM CORPORATION, a California corporation ("Supplier"), and GENERAL
INSTRUMENT CORPORATION, a Delaware corporation ("Customer"), acting as the
Broadband Communications Sector of Motorola, Inc. (Supplier and Customer are
sometimes individually referred to as a "Party," and are collectively referred
to as the "Parties").

                  A. Supplier and its Affiliates (as defined hereinafter) are in
the business of developing and supplying integrated circuits and related
products for cable modems.

                  B. Customer wishes to purchase, and Supplier and its
Affiliates wish to supply, certain products for inclusion and integration within
the products of Customer ("Customer Products") on the terms and conditions set
forth herein.

                  NOW THEREFORE, in consideration of the mutual promises herein
contained, the Parties agree:

         1. MINIMUM PURCHASE COMMITMENT AND AGREEMENT TO SELL.

                  1.1 Minimum Purchase Commitment; Agreement to Sell. Customer
and the Customer Affiliates shall purchase from Supplier and its Affiliates the
products identified in Exhibit A (such products together with any successor,
enhanced or other derivative product made available to Customer by Supplier
satisfying the Requirements (as defined in Exhibit A) and for which an agreement
on price has been entered into pursuant to Section 1.4 are collectively referred
to as the "Products") in amounts no less than the amounts set forth therein (the
"Minimum Purchase Commitment") upon the terms and conditions set forth in this
Agreement, including the Supply Terms (as defined in Section 1.7). Affiliates of
the Customer (other than Customer Affiliates) shall also have the right to place
orders for the Products with the Supplier, and Products purchased by such
Affiliates shall be credited against the Minimum Purchase Commitment. Subject to
the terms and conditions of this Agreement, Supplier shall sell to the Customer
and Customer Affiliates the Products that are production qualified by Supplier,
in accordance with the terms and conditions of the Supply Terms. For all
purposes relating to the Minimum Purchase Commitment, products shall be
considered to be "purchased" when they are shipped for revenue by Supplier or an
Affiliate during the applicable period in fulfillment of purchase orders by
Customer or its Affiliates.

                  1.2 Affiliates. As used herein, the term "Affiliate" means any
partnership, joint venture, corporation or other form of enterprise, domestic or
foreign, including but not limited to parents and subsidiaries (each, an
"Entity"), which directly or indirectly Owns, is Owned by, or is under common
Ownership with, the subject party or such other entities as the Parties may
mutually agree in writing to be "Affiliates" hereunder. As used herein, the term
"Own" means direct or indirect ownership in the aggregate of more than fifty
percent (50%) of the voting securities of an entity. As used herein, the term
"Customer Affiliate" means (i) any Entity which is Owned by Customer; (ii) any
Entity which is an Affiliate of Customer to which any portion of the Customer's
business having Requirements is transferred after the Effective

                                       1
<PAGE>
Date; (iii) any Entity which is an Affiliate of Customer which provides products
to any of Customer's customers (or Affiliates of such customers) which are
equivalent or substantially similar to the Customer Products and having
Requirements (but excluding any such equivalent or substantially similar
products which are provided by such Affiliates to such customers or Affiliates
of such customers on the Effective Date); (iv) each of the following Entities
and their respective Affiliates: General Instrument (Mexico), S.A. de CV and
General Instrument of Taiwan, Ltd.; (v) such other entities as the Parties may
mutually agree in writing to be "Customer Affiliates" hereunder; (vi) contract
manufacturers, OEMS and other third parties who manufacture for Customer or any
of the Entities listed in sections (i)-(v) the Customer Products having
Requirements, but only to the extent they manufacture such Customer Products and
in that capacity only (including, without limitation, Motorola Electronics PTE
Ltd). "Customer" means General Instrument Corporation, a wholly owned subsidiary
of Motorola, Inc., and, subject to the next sentence, its permitted successors
and assigns. For the avoidance of doubt, Motorola, Inc. is not an "Affiliate" or
"Customer Affiliate" of General Instrument Corporation, as those entities are
organized on the Effective Date, for purposes of this Agreement. In the event of
a merger, other business combination, or a disposition of all or substantially
all of the assets of Customer with or to another Entity, for purposes of
determining the obligations of Customer under this Section, (i) the surviving
Entity shall remain liable for all obligations of Customer and the Customer
Affiliates hereunder, and (ii) the references to "Customer" shall mean that
portion of the business of such surviving Entity (and its Affiliates) which
constitutes, replaces and/or succeeds any business of Customer conducted prior
to such merger, business combination, or disposition of assets. (For example,
any Customer Product (or any modification, derivative or enhancement thereto)
having Requirements that is manufactured or offered for sale by the surviving
Entity is subject to the Requirements under this Agreement, if such Customer
Product was developed, manufactured or offered for sale by Customer or a
Customer Affiliate prior to the merger, combination or other disposition of
assets.)

                  1.3 Availability. Customer and the Customer Affiliates shall
not be required to purchase the Minimum Purchase Commitment to the extent in any
particular calendar quarter Supplier and its Affiliates fail to accept or
fulfill during such quarter, in accordance with the Supply Terms, the Product
orders placed by the Customer during such quarter in accordance with the Supply
Terms which substantially meet the form, fit and functional requirements of the
Customer and/or Customer Affiliates. For the purposes of the foregoing sentence,
once a Product substantially meets the form, fit, and functional requirements
and has been production qualified by Supplier or its Affiliates, it shall become
subject to the Minimum Purchase Commitment set forth in this Section and not
before, and Customer shall cooperate with Supplier and/or its Affiliates to
enable such Products to be qualified in a commercially reasonable time period.

                  1.4 Prices. The prices for the Products shall be as set forth
in Exhibit A. For the avoidance of doubt, the prices set forth in Exhibit A only
apply to the Supplier Products listed in Exhibit A. The Parties will mutually
agree in writing upon the prices for any derivative, successor, enhanced or
other product which becomes a Product under this Agreement.

                  1.5 Conditions to Customer's Minimum Purchase Commitment. The
Customer's obligation to purchase the Minimum Purchase Commitment for any
Product during any quarter shall be subject to Supplier's material compliance
during such quarter with its

                                       2
<PAGE>
obligations under the Supply Terms and Supplier's good faith effort during such
period to maintain its competitive position with respect to that class of
Product.

                  1.6 [Deleted by Amendment to Product Purchase Agreement dated
January 1, 2002.]

                  1.7 Purchases and Sales of Products. All purchases and sales
of Products by Customer, Supplier, and their Affiliates will be made in
accordance with the supply terms attached hereto as Exhibit B (the "Supply
Terms"). In the event of any conflict between the terms and provisions of the
Supply Terms and any provision of this Agreement, the terms of this Agreement
will govern.

                  1.8 No Resale. Products purchased hereunder are only to be
used by Customer and its Affiliates for integration and inclusion in Customer's
and its Affiliates' products and are not to be resold unless so integrated and
included.

                  1.9 Returns. Any Product returned for refund or credit in any
quarter (other than Products rightfully rejected or returned for warranty repair
and not for refund or credit) shall be offset against the amount of orders
placed for such Product by Customer and its Affiliates in calculating compliance
with the Minimum Purchase Commitment for such quarter.

                  1.10 Audit. Each Party may engage an accounting firm to
independently audit and inspect the books and records of the other Party and its
Affiliates to verify the calculation of any amount by such other Party under
this Article 1.

                  1.11 Periodic Review Meetings and Reports. The Parties will
keep each other reasonably informed of their respective product roadmaps for
products covered hereby and meeting the requirements of Customer and the
Customer Affiliates hereunder the Products and the Customer Products, and
Supplier and Customer will schedule formal product roadmap review meetings and
deliver written product roadmap summaries, at mutually agreeable times at least
quarterly during the term of the Agreement. As a material obligation under this
Agreement, Supplier shall, within sixty (60) days following Customer's request,
demonstrate the capability to deliver the following technology for next
generation cable modem and set-top applications for Customer: [***].

                  1.12 [Replaced and superseded by Amendment to Product Purchase
Agreement dated January 1, 2002.]

         2. GENERAL PROVISIONS.

                  2.1 Confidentiality.

                           (a) Duty to Hold in Confidence. Each Party
("Recipient") agrees that it will preserve in strict confidence and secure
against accidental loss any Confidential Information disclosed by the other
Party ("Disclosing Party") to Recipient. In preserving Disclosing Party's
Confidential Information, Recipient will use the same standard of care it would
use to secure and safeguard its own confidential information of similar
importance, but in no event less than reasonable care. Any permitted
reproduction of Disclosing Party's

--------------------
*Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       3
<PAGE>
Confidential Information shall contain all confidential or proprietary legends
which appear on the original. Recipient shall immediately notify Disclosing
Party in writing in the event of any loss or unauthorized disclosure or use of
Confidential Information.

                           (b) Permitted Disclosures. Recipient shall permit
access to Disclosing Party's Confidential Information solely to its employees,
agents and contractors who (i) have a need to know such information; and (ii)
have signed confidentiality agreements containing terms at least as restrictive
as those contained in this Section 2.1. Recipient shall not disclose or transfer
any Confidential Information to any third party without the specific prior
written approval of Disclosing Party, except to the extent required by law or
governmental or court order to be disclosed by Recipient, provided that
Recipient gives Disclosing Party prompt written notice of such requirement prior
to such disclosure and cooperates with Disclosing Party in the latter's attempt,
if any, to prevent such disclosure or in obtaining a protective or similar order
with respect to the Confidential Information to be disclosed. Recipient shall
use Disclosing Party's Confidential Information disclosed hereunder solely for
the purpose of fulfilling such Party's obligations and exercising such Party's
rights under this Agreement.

                           (c) Obligation to Return Confidential Information.
Recipient acknowledges that Disclosing Party retains ownership of all
Confidential Information disclosed or made available to Recipient. Accordingly,
upon any termination, cancellation, or expiration of this Agreement, or upon
Disclosing Party's request for any reason (other than in violation of this
Agreement), Recipient shall return promptly to Disclosing Party the originals
and all copies (without retention of any copy) of any written documents, tools,
materials or other tangible items containing or embodying Confidential
Information.

                           (d) Definition of Confidential Information. For
purposes of this Section 2.1 the term "Confidential Information" means any
information disclosed by Disclosing Party to the Recipient, either directly or
indirectly, in writing, orally or by inspection of tangible objects (including
without limitation documents, prototypes, samples, plant and equipment), which
is designated as "Confidential," "Proprietary" or some similar designation
within thirty (30) days of its disclosure to the Recipient; provided, however,
that any information relating to product and business plans and strategies
(including proposed orders and pricing) shall be deemed to be Confidential
Information whether or not so designated. Information communicated orally shall
be considered Confidential Information if such information is designated, in
writing, as being confidential or proprietary within thirty (30) days after the
initial disclosure and, in any event, is reduced to or summarized in writing and
confirmed to Recipient as being Confidential Information within thirty (30) days
of the initial disclosure; provided, however, that any information relating to
product and business plans and strategies (including proposed orders and
pricing) shall be deemed to be Confidential Information whether or not so
reduced to or summarized in writing. Confidential Information shall not,
however, include any information which (i) was publicly known and available in
the public domain prior to the time of disclosure to the Recipient by the
Disclosing Party; (ii) becomes publicly known and available in the public domain
after disclosure to the Recipient by Disclosing Party through no action or
inaction of Recipient; (iii) is lawfully in the possession of Recipient at the
time of disclosure by Disclosing Party; (iv) is independently developed by
Recipient without use of or reference to Disclosing Party's Confidential
Information; (v) is received by Recipient from a third party which Recipient has
no reason to believe has a duty of confidentiality to the Disclosing Party;

                                       4
<PAGE>
(vi) is required by law to be disclosed by Recipient, provided that Recipient
gives Disclosing Party prompt written notice of such requirement prior to such
disclosure and cooperates with Disclosing Party in the latter's attempt, if any,
to prevent such disclosure or in obtaining a protective or similar order with
respect to the Confidential Information to be disclosed; or (vii) has been
approved for disclosure by Disclosing Party.

                           (e) No Grant of Property Rights. Recipient recognizes
and agrees that, except as expressly set forth in this Agreement, nothing herein
shall be construed as granting any property rights, by license or otherwise, to
any of Disclosing Party's Confidential Information, or to any invention or any
patent right that has issued or that may issue based on such Confidential
Information or to decompile or reverse engineer any of the Disclosing Party's
Confidential Information.

                           (f) Additional Terms. The obligations of the parties
under this Section 2.1 are intended to supplement, and shall not in any way
limit or replace, the confidentiality obligations of either Party or its
Affiliates under any other agreement between Supplier, Customer and/or their
respective Affiliates.

                  2.2 Technology Escrow. Within thirty (30) days after the
Effective Date, Supplier and Customer shall enter into a technology escrow
agreement (the "Technology Escrow Agreement") with a mutually agreeable escrow
agent which shall contain, as a minimum and without limitation, the terms and
conditions set forth in this Section 2.1. The Technology Escrow Agreement shall
provide, among other things, for the deposit with the escrow agent, for storage
at such escrow agent's premises, of all materials reasonably required to
manufacture the Products. Customer shall have a non-exclusive, irrevocable,
perpetual (but only during the period that Supplier is unable to perform as
described in clause (b) below) license allowing Customer's manufacturing
subcontractor to make and to deliver the Product directly to Customer, for
incorporation and use in its products (and for no other purpose or use), in the
event that both of the following have occurred (a "Release Event"):

                           (a) The institution by Supplier or any Affiliate
involved in the performance of this Agreement of insolvency, receivership or
bankruptcy proceedings or any other material proceedings for the settlement of
its debts, including without limitation, a reorganization under the federal
bankruptcy laws, a compromise or arrangement or assignment for the benefit of
its creditors; the institution of such proceedings against Supplier or any such
Affiliate, which such proceedings are not dismissed within ninety (90) days;
Supplier or any such Affiliate making an assignment for the benefit of
creditors; or Supplier's or such Affiliate's dissolution or ceasing to do
business in the normal course; and

                           (b) Such event actually prevents the Products from
being delivered to Customer in substantial compliance with the Supply Terms.

                                       5
<PAGE>
                  2.3 Representations and Warranties.

                           (a) By Supplier. Supplier represents and warrants to
Customer and Customer Affiliates:

                                    (i) Corporate Authority. Supplier has the
right to enter this Agreement, is a corporation duly organized, validly
existing, and in good standing under the laws of the jurisdiction of its
organization, has the corporate power and authority to execute and deliver this
Agreement and to perform its obligations hereunder, and has by all necessary
corporate action duly and validly authorized the execution and delivery of this
Agreement and the performance of its obligations hereunder.

                                    (ii) Binding Obligation. This Agreement is
the valid and legally binding obligation of Supplier in accordance with its
terms, subject to bankruptcy, reorganization, insolvency, moratorium and similar
laws and to general principles of equity which are within the discretion of
courts of applicable jurisdiction.

                                    (iii) No Conflicts. The execution, delivery
and performance by Supplier of this Agreement and each other agreement,
document, or instrument now or hereafter executed and delivered by Supplier
pursuant thereto or in connection herewith will not: (a) conflict with or
violate the organizational, formation and governance documents of Supplier or
any provision of any law, rule, regulation, authorization or judgment of any
governmental authority having applicability to Supplier or its actions; or (b)
to Supplier's knowledge, conflict with or result in any breach of, or constitute
a default under, any note, security agreement, commitment, contract or other
agreement, instrument or undertaking to which Supplier is a party or by which
any of its property is bound.

                                    (iv) No Litigation or Claims. As of the
Effective Date, there is no pending litigation or claim, nor to the best of
Supplier's knowledge, the reasonable basis for any claim, against Supplier or
its Affiliates with respect to the intellectual property to be used in the
Products or any pending litigation or claim, or basis for any claim, that the
exercise by Customer or the Customer Affiliates of any of the rights granted
hereunder infringes any intellectual property of any third party.

                                    (v) Agreements with Employees. Supplier has
and will maintain with all Supplier's employees, agents, and consultants,
written agreements sufficient to enable Supplier to perform its obligations
hereunder with confidentiality terms at least as restrictive as those provided
for the Parties under this Agreement.

                           (b) By Customer. Customer represents and warrants to
Supplier and its Affiliates:

                                    (i) Corporate Authority. Customer has the
right to enter this Agreement, is a corporation duly organized, validly
existing, and in good standing under the laws of the jurisdiction of its
incorporation, has the corporate power and authority to execute and deliver this
Agreement and to perform its obligations hereunder, and has by all necessary
corporate action duly and validly authorized the execution and delivery of this
Agreement and the performance of its obligations hereunder.

                                       6
<PAGE>
                                    (ii) Binding Obligation. This Agreement is
valid and legally binding obligation of Customer in accordance with its terms,
subject to bankruptcy, reorganization, insolvency, moratorium and similar laws
and to general principles of equity which are within the discretion of courts of
applicable jurisdiction.

                                    (iii) No Conflicts. The execution, delivery
and performance by Customer of this Agreement and each other agreement,
document, or instrument now or hereafter executed and delivered by Customer
pursuant thereto or in connection herewith will not: (i) conflict with or
violate the articles or certificate of incorporation or by-laws of Customer or
any provision of any law, rule, regulation, authorization or judgment of any
governmental authority having applicability to Customer or its actions; or (ii)
to Customer's knowledge, conflict with or result in any breach of, or constitute
a default under, any note, security agreement, commitment, contract or other
agreement, instrument or undertaking to which Customer is a party or by which
any of its property is bound.

                           (c) Disclaimer. EXCEPT AS EXPRESSLY SET FORTH ABOVE
IN THIS SECTION 2.3 OR ELSEWHERE IN THIS AGREEMENT OR IN ANY EXHIBITS HERETO,
NEITHER PARTY MAKES ANY WARRANTY OR REPRESENTATION OF ANY KIND TO THE OTHER
PARTY WHETHER EXPRESS, IMPLIED, STATUTORY OR IN ANY OTHER PROVISION OF THIS
AGREEMENT, AND EACH PARTY SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTY OF
MERCHANTABILITY, NONINFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE.

                  2.4 Indemnification.

                           (a) General Indemnification by Customer. Subject to
Section 2.5, Customer hereby agrees to indemnify, hold harmless and defend
Supplier and its Affiliates against and in respect of any and all claims,
damages, demands, liabilities, losses, costs and expenses (including reasonable
attorneys' fees, litigation expenses and expert witness fees) (collectively,
"Losses"), in each case arising out of or based upon or relating or pertaining
to:

                                    (i) the inaccuracy in any material respect
of any representation or warranty made by Customer in Section 2.3 of this
Agreement; or

                                    (ii) the breach by Customer or any of its
Affiliates of any material agreement or covenant contained in this Agreement.

                           (b) General Indemnification by Supplier. Subject to
Section 2.5, Supplier hereby agrees to indemnify, hold harmless and defend
Customer and its Affiliates against and in respect of any and all Losses, in
each case arising out of or based upon or relating or pertaining

                                    (i) to the inaccuracy in any material
respect of any representation or warranty made by Supplier in Section 2.3 of
this Agreement; or

                                    (ii) the breach by Supplier or any of its
Affiliates of any material agreement or covenant contained in this Agreement.

                                       7
<PAGE>
                           (c) Product Indemnification by Supplier. Subject to
Section 2.5, Supplier agrees to defend, indemnify and hold Customer and its
Affiliates harmless against and in respect of any and all Losses (including
without limitation Losses resulting from any indemnification by Customer of its
customers and distributors) arising out of or based upon or relating or
pertaining to any claim that the manufacture, sale, importation or use of the
Products supplied by Supplier (either directly or by or through its Affiliates)
to Customer hereunder infringes the patent, copyright, trademark, trade secret
or other proprietary rights of any third party, except that Supplier shall have
no such indemnification obligation with respect to (a) any infringement arising
from the use by Customer or its Affiliate of the Product in combination with
other components supplied by Customer or its Affiliate or any third party or (b)
any infringement resulting from or relating to any intellectual property which
may be supplied by Customer for use by Supplier in the Products pursuant to the
terms of any written agreement between Supplier and Customer.

                           (d) Product Indemnification by Customer. Subject to
Section 2.5, Customer agrees to defend, indemnify and hold Supplier and its
Affiliates harmless against and in respect of any and all Losses (including
without limitation Losses resulting from any indemnification by Supplier of its
customers and distributors) arising out of or based upon or relating or
pertaining to any claim that the manufacture, sale, importation or use of the
Products supplied by Supplier (either directly or by or through its Affiliates)
to Customer and/or its Affiliates infringes the patent, copyright, trademark,
trade secret or other proprietary rights of any third party to the extent that
such claim arises from the use by Customer or its Affiliates of the Product in
combination with other components supplied by Customer or its Affiliate or any
third party, or any infringement resulting from or relating to any intellectual
property which may be supplied by Customer for use by Supplier in the Products
pursuant to the terms of any written agreement between Supplier and Customer or
their Affiliates.

                           (e) Indemnification Procedures. A Party seeking
indemnification pursuant to this Agreement (the "Indemnified Party") shall give
reasonably prompt written notice to the Party from whom such indemnification is
sought (the "Indemnifying Party") of the assertion of any claim, or the
commencement of any action, suit or proceeding, in respect of which indemnity
may be sought hereunder, and shall give the Indemnifying Party such information
with respect thereto as the Indemnifying Party may reasonably request, but no
failure to give such notice shall relieve the Indemnifying Party of any
liability hereunder, except to the extent that the Indemnifying Party has
suffered actual prejudice thereby. The Indemnifying Party shall have the right
to undertake the defense of any such claim asserted by a third person, and the
Indemnified Party shall cooperate in such defense and make available all
personnel, records and materials reasonably requested by the Indemnifying Party
in connection therewith at the Indemnifying Party's expense. The Indemnified
Party shall be entitled to participate in such defense, but shall not be
entitled to indemnification with respect to its own costs and expenses of
participating in such defense if the Indemnifying Party shall have assumed the
defense of the claim with counsel reasonably satisfactory to the Indemnified
Party. The Indemnifying Party shall not be liable for any claim settled without
its consent, which consent may not be unreasonably withheld. The Indemnifying
Party may settle any claim without the consent of the Indemnified Party, but
only if the sole relief awarded is monetary damages.

                                       8
<PAGE>
                           (f) Benefit of Intellectual Property Rights. In the
event that Supplier or its Affiliate is indemnifying Customer and/or its
Affiliates against any claims hereunder, Customer agrees to reasonably assist
Supplier and its Affiliates in defending against such claim(s).

                  2.5 Limitation of Liability.

                           (a) IN NO EVENT SHALL EITHER PARTY HAVE ANY LIABILITY
TO THE OTHER PARTY, ITS AFFILIATES, ITS CUSTOMERS OR ANY THIRD PARTY ON ANY
CAUSE OF ACTION RELATING TO THIS AGREEMENT FOR ANY INDIRECT, INCIDENTAL,
CONSEQUENTIAL, SPECIAL, OR SPECULATIVE DAMAGES, INCLUDING, BUT NOT LIMITED TO,
DAMAGES FOR LOSS OF PROFITS OR USE, BUSINESS INTERRUPTION, OR LOSS OF GOODWILL,
IRRESPECTIVE OF WHETHER SUCH DAMAGES ARISE UNDER CONTRACT, TORT, STATUTE, OR
OTHERWISE AND WHETHER OR NOT THE PARTY HAS ADVANCE NOTICE OF THE POSSIBILITY OF
SUCH DAMAGES. THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY FAILURE OF
ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. THE PARTIES ACKNOWLEDGE THAT THIS
LIMITATION ON POTENTIAL LIABILITIES WAS AN ESSENTIAL ELEMENT IN SETTING
CONSIDERATION UNDER THIS AGREEMENT.

                           (b) EXCEPT FOR PERSONAL INJURY CAUSED BY SUPPLIER'S
NEGLIGENCE, OR WITH RESPECT TO SECTION 2.4(C) ABOVE, IN NO EVENT SHALL
SUPPLIER'S CUMULATIVE LIABILITY TO CUSTOMER OR ITS AFFILIATES UNDER ANY PURCHASE
ORDER PLACED PURSUANT TO THIS AGREEMENT EXCEED THE AGGREGATE AMOUNT PAID TO
SUPPLIER UNDER THAT PURCHASE ORDER, EVEN IF A TERM OF THE PURCHASE ORDER FAILS
OF ITS ESSENTIAL PURPOSE.

                           (c) WITH RESPECT TO CLAIMS UNDER SECTION 2.4(C) AND
(D) ABOVE, IN NO EVENT SHALL THE LIABILITY OF EITHER PARTY TO THE OTHER PARTY OR
ITS AFFILIATES EXCEED [***].

                  2.6 Assignment. This Agreement is binding upon and inures to
the benefit of the Parties and their respective successors and permitted
assigns, provided, however, that neither Party may assign or delegate any of its
rights or obligations under this Agreement without the prior written consent of
the other Party; provided that such consent shall not be unreasonably withheld,
delayed or conditioned in the case of an assignment and delegation by either
Party of all (but not part) of its rights and obligations hereunder in
conjunction with a merger or disposition of all or substantially all of its
assets (whether by merger, sale or other form of transaction). It shall be a
condition to the effectiveness of any such assignment and delegation by any
Party that the assignee and delegate enter into a written agreement to be bound
by the assigning Party's obligations under this Agreement and confirming the
representations and warranties of the assigning Party set forth in this
Agreement, all in form and substance reasonably acceptable to the non-assigning
Party. Any assignment or delegation in violation of this Section 2.6 shall be
null and void.

-----------------
*Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       9
<PAGE>
                  2.7 Notices. All notices and consents required or desired to
be given or made hereunder must be in writing and will be deemed validly given
only if delivered by hand or sent by reliable overnight commercial courier (such
as, but not limited to, Federal Express and DHL), or confirmed facsimile to the
following addresses:

                  To Supplier:

                  Broadcom Corporation
                  16215 Alton Parkway
                  Irvine, California 92618
                  Attention: President
                  Facsimile: (949) 450-8715

                  To Customer:

                  Motorola, Inc.
                  101 Tournament Drive
                  Horsham, Pennsylvania 19040
                  Attention:  [***]
                  Facsimile:  (215) 323-0672

Notice delivered by hand will be deemed to have been received by the addressee
on the date delivered. Notice given by reliable overnight commercial courier
will be deemed to have been given by the addressee on the day upon which it is
received (or the next business day, if not received on a business day). Notice
given by confirmed facsimile will be deemed to have been received by the
addressee on the business day following the day on which it was sent.

                  2.8 Governing Law and Dispute Resolution.

                           (a) Mandatory Mediation. Unless the parties otherwise
agree in writing, any dispute, controversy, or claim, regardless of the legal or
equitable theory involved, arising out of or with reference to this Agreement,
or the interpretation, making, performance, breach or termination thereof (a
"Disputed Matter") shall be subject to confidential mandatory non-binding
mediation proceedings, in accordance with Section 2.8(b), prior to the
initiation of any litigation or other proceeding in any court of law or equity.
Notwithstanding the foregoing, before or during the mediation any Party may
apply to any of the courts described in Section 2.8(d) for a temporary
restraining order, preliminary injunction, permanent injunction or other
equitable relief where such relief is reasonably required to protect its
interests pending completion or termination of the mediation proceedings.

                           (b) Mediation Procedures. Each Party agrees that,
prior to the initiation of any litigation against the other Party or its
Affiliates with respect to any Disputed Matter or the relationship between the
Parties (including its commencement and termination), whether based on breach of
covenant, breach of an implied covenant or other theories, the Parties shall
attempt to amicably resolve the claim through confidential mandatory non-binding
mediation. To this end, each Party will make available one or more members of
such Party's senior management who shall have expertise in the subject matter of
the claim or dispute

-------------------
*Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       10
<PAGE>
(e.g., a Party's senior technical officer in the event of a claim or dispute
related to technology or a Party's senior finance executive in the event of a
claim or dispute related to financial matters) and who shall be authorized to
enter into negotiations with respect to the claim or dispute. If the Parties are
not able to resolve the claim or dispute in this manner within thirty days of
the initiation of negotiations, they shall submit such claim or dispute to
confidential non-binding mediation before a single mediator in accordance with
the Commercial Mediation Rules of the American Arbitration Association ("AAA")
then in effect. The Parties shall agree on a mediator within fifteen (15) days
of notice that a Party intends to seek mediation. If the Parties cannot agree on
a mediator, the mediator shall be selected using the methods provided in the
Commercial Mediation Rules of the AAA. Unless the Parties shall otherwise agree,
the mediator shall be a partner or principal of a nationally recognized firm of
independent certified public accountants from the management advisory services
department (or comparable department or group) of such firm with at least five
(5) years of recent experience in the subject matter of the claim or dispute;
and provided further that such firm cannot be any firm of certified public
accountants that has audited the financial statements or books and records of
either Party or provided management or advisory services for either Party within
the last three years or that is engaged or reasonably expected to do so for
either Party for the current year. The Parties agree that the mediation
proceeding will be attended by one or more members of such Party's senior
management who meet the qualifications set forth above and who shall be
authorized to enter into negotiations with respect to the claim or dispute. The
fees of the mediator shall be borne equally by each Party.

                           (c) Governing Law. This Agreement shall be governed
by and construed under the laws of the State of California, without reference to
conflict of laws principles.

                           (d) Exclusive Jurisdiction and Venue. Any action or
other proceeding brought with respect to a Disputed Matter shall be brought and
heard only in an appropriate state or federal court located in the Counties of
Los Angeles or Orange, California, or in the County of New York, New York. The
parties hereto acknowledge that such courts have the exclusive jurisdiction to
interpret and enforce the provisions of this Agreement, and the parties waive
any and all objections that they may have as to personal jurisdiction or venue
in any of the above courts.

                  2.9 Waiver. The failure of either Party at any time to insist
upon strict performance of any of the terms and conditions contained in this
Agreement will not be deemed a waiver of its right at any time thereafter to
insist upon strict performance.

                  2.10 Independent Contractors. The relationship of the Parties
established by this Agreement is that of independent contractors, and nothing
contained in this Agreement will establish the Parties as partners, joint
venturers, co-owners or otherwise as participants in a joint or common
undertaking, or allow either Party to create or assume any obligation on behalf
of the other Party for any purpose whatsoever.

                  2.11 Confidentiality of Agreement. Each Party agrees that the
text, terms and conditions of this Agreement shall be treated as Confidential
Information; provided, however, that each Party may disclose the mere existence
of this Agreement to the extent required by law

                                       11
<PAGE>
and may disclose the text, terms or conditions of this Agreement: (i) in
confidence, to legal counsel, other professional advisors, accountants, and
banks; (ii) in connection with the enforcement of this Agreement; or (iii) in
confidence, in connection with a merger or acquisition or proposed merger or
acquisition. Notwithstanding the foregoing, the Parties agree that no
announcement or other public disclosure of the existence or terms of this
Agreement shall be made until the Parties have agreed upon the text of such
disclosure.

                  2.12 Entire Agreement. This Agreement and the Exhibits hereto
are the complete agreement of the Parties relating to the subject matter hereof.
This Agreement supersedes and governs any other prior or collateral agreements
between the Parties hereto with respect to the subject matter hereof. Any
waiver, amendment or modification to this Agreement must be in writing and be
executed by each Party.

                  2.13 Force Majeure.

                           (a) Neither Party to this Agreement shall be held
responsible for any failure or delay in performance under this Agreement where
such performance is rendered impracticable by any act of war, compliance with
laws, governmental acts or regulations, fire, flood, other natural disaster,
epidemic, strikes and other causes similar to those listed, in each case where
failure to perform is beyond the control, and not caused by the negligence, of
the nonperforming Party ("Force Majeure").

                           (b) Upon the occurrence of an event of Force Majeure,
the Party whose performance is so affected shall promptly give notice to the
other Party of the occurrence or circumstance upon which it intends to rely to
excuse its performance. Duties and obligations of both Parties shall be
suspended for the duration of the Force Majeure.

                           (c) During the Force Majeure, the Party so affected
shall use its reasonable best efforts to avoid or remove such Force Majeure and
shall use its reasonable best efforts to resume its performance under this
Agreement with the least possible delay. If one Party is prevented to fulfill
its obligations under this Agreement by one of the Force Majeure causes for a
period exceeding [***] days after such obligation is due, the other Party may at
its option terminate this Agreement upon [***] days' advance written notice.

                           (d) The provisions of this Section 2.13 shall govern
in the event of any Force Majeure, and the Parties each hereby waive any other
defense or excuse for non-performance on grounds of implausibility or
impossibility.

                  2.14 Counterparts. This Agreement may be executed in two or
more counterparts, each of which will be considered an original, but all of
which together will constitute one and the same instrument.

                  2.15 Term; Termination.

                           (a) Term. This Agreement shall have a term
coterminous with the quarters indicated on Exhibit A and shall expire 30 days
after the end of the last quarter set forth on Exhibit A, unless terminated
earlier in accordance with the provisions of this Agreement.

-----------------
*Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       12
<PAGE>
                           (b) Termination of Agreement for Material Breach.
This Agreement may be terminated at any time immediately for a material breach
of this Agreement by one Party after the other Party's failure to cure such
breach within [***] days after receiving written notice thereof (or a plan to
cure has not been reasonably agreed upon by the Parties within such [***] days,
which agreement shall not be unreasonably withheld, delayed or conditioned).
Without implication as to what other actions or inactions on the part of either
of the Parties constitutes or does not constitute a material breach of this
Agreement, Customer agrees that any individual default in the performance by
Supplier of any of its obligations to supply products pursuant to a particular
purchase order shall not, without more, constitute a material default in
Supplier's obligations under this Agreement. To the extent that Supplier's
repeated defaults in the performance of its obligations under purchase orders
shall constitute a material default, such material default shall be deemed to be
only with respect to the particular Product(s) that are the subject of such
defaults, and Customer's remedy in such event shall be to terminate its Minimum
Purchase Commitment under this Agreement only as and to the extent it relates to
such Product(s). This Agreement shall remain in full force and effect in all
other respects, including with respect to Customer's purchase obligations for
other Products.

                           (c) Survival. The rights and obligations contained in
the following Sections shall survive termination or expiration of this Agreement
for any reason: Sections 2.1, 2.3, 2.4, 2.5, 2.6, 2.8, 2.11, 2.12, 2.15, 2.16,
2.17, 2.18 and 2.19 of this Agreement.

                  2.16 Joint Work Product. This Agreement is the joint work
product of the Parties hereto; accordingly, in its interpretation, no inferences
will be drawn against either Party based upon its drafting of the provision(s)
at issue.

                  2.17 No Third Party Beneficiaries. Unless otherwise expressly
provided, no provisions of this Agreement are intended or shall be construed to
confer upon or give to any person or entity other than Customer and Supplier
and, to the extent specifically so provided, their respective Affiliates, any
rights, remedies or other benefits under or by reason of this Agreement.

                  2.18 Export Control. Each Party agrees to comply with the U.S.
Foreign Corrupt Practices Act and all export laws, restrictions, national
security controls and regulations of the United States and other applicable
foreign agency or authority, and not to export or re-export, or allow the export
or re-export of, any technology, data, Products, or Confidential Information, in
violation of any such restrictions, laws or regulations.

                  2.19 Non-Solicitation. During the [***], neither Party (i.e.
Broadcom Corporation or General Instrument Corporation) shall solicit the
employment of any person who is an employee of the other Party; provided, that
nothing contained in this Section 2.19 shall preclude a Party from advertising
employment opportunities or similar generally solicitation, soliciting an
employee of the other Party who first approaches the soliciting Party regarding
employment as a result of general advertising or solicitation (whether through
print advertisements, website postings, general knowledge or awareness of
employment opportunities or otherwise), or soliciting any employee whose
employment is terminated; and, provided further, that nothing contained herein
shall prohibit a Party from making offers of employment to persons who first
approach that Party regarding employment. In the event of a merger, other

-----------------
*Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       13
<PAGE>
business combination, or a disposition of all or substantially all of the assets
of a Party with or to another entity, for purposes of determining the
obligations of the Supplier and Customer under this Section 2.19, (i) the
surviving entity's obligations shall be limited to the employees of such entity
who were employees of Supplier or Customer, as applicable, immediately prior to
such merger, business combination, or disposition of assets, and (ii) the
obligation of the surviving entity hereunder shall extend only to that portion
of the business of the surviving entity comprising the business of Customer or
Supplier, as applicable, immediately prior to such merger, business combination,
or disposition of assets.

                           [INTENTIONALLY LEFT BLANK]

                                       14
<PAGE>
                  IN WITNESS WHEREOF, the Parties have caused this Agreement to
be duly executed as of the date first written above.

GENERAL INSTRUMENT CORPORATION             BROADCOM CORPORATION
acting as the Broadband
Communications Sector of Motorola, Inc.

By: /s/                                    By: /S/
   --------------------------------           --------------------------------
Name: [***]                                Name: Tim Lindenfelser
     ------------------------------             ------------------------------
Title: [***]                               Title: Vice President and General
      -----------------------------               Manager, Broadband
                                                  Communications Business Unit
                                                 -----------------------------

--------------
* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       15
<PAGE>
                     EXHIBIT A TO PRODUCT PURCHASE AGREEMENT

                PRODUCTS, PRICES AND MINIMUM PURCHASE COMMITMENT

       [REPLACED AND SUPERSEDED BY AMENDMENT TO PRODUCT PURCHASE AGREEMENT
                             DATED JANUARY 1, 2002]

                                       A-1
<PAGE>
                                    EXHIBIT B

                                  SUPPLY TERMS

                  (a) Terms and Conditions. All purchases of Products by
Customer from Supplier during the term of the Agreement shall be subject to the
terms and conditions of the Agreement, including these Supply Terms. Customer's
purchase orders submitted to Supplier from time to time with respect to the
Products to be purchased hereunder, and Supplier's acknowledgments provided to
Customer from time to time, shall be governed by the terms of the Agreement,
including these Supply Terms, and nothing to the contrary contained in any such
purchase order or acknowledgment shall in any way modify, or add any additional
terms and conditions to, the Agreement and/or the Supply Terms. Supplier and
Customer understand and acknowledge that the nature of their respective
businesses may necessitate occasional requests for waivers of, or variances
from, one or more of the terms set forth in these Supply Terms. Supplier and
Customer accordingly each agree to cooperate and negotiate in good faith with
respect to any such occasional requests for waivers or variances (other than
with respect to price terms); provided, however, that this agreement shall not
obligate either Supplier or Customer to grant a waiver in any particular
instance. Any capitalized terms not defined herein shall have the meaning
ascribed to them in the Agreement.

                  (b) Prices. The purchase price to Customer for each of the
Supplier Products ("Purchase Price") shall be determined in accordance with
Section 1.4 of the Agreement. All prices are F.O.B. Supplier's facility
currently located at the address listed for Supplier at the beginning of the
Agreement.

                  (c) Taxes. Customer's Purchase Price does not include any
federal, state or local taxes and/or duties that may be applicable to the
Products. When Supplier has the legal obligation to collect such taxes, the
appropriate amount shall be added to Customer's invoice and paid by Customer,
unless Customer provides Supplier with a valid tax exemption certificate
authorized by the appropriate taxing authority.

                  (d) Forecasts. Customer shall supply Supplier, within the
first seven (7) business days following the beginning of each month during the
term of the Agreement, with a rolling twelve (12) month forecast of Customer's
anticipated Requirements. The forecasts for any given month (a "Shipment Month")
shall become binding upon Supplier and Customer, following the final permitted
adjustment (i.e. the adjustment permitted in the [***] month prior to the
Shipment Month so specified below), [***] prior to the start of that Shipment
Month (such [***] period to be referred to as the "Committed Period"), at which
time Customer shall be required to submit binding purchase orders pursuant to
Section (f) below for the number of units forecast for such Shipment Month, and
Supplier shall be obligated to accept such purchase orders (but only with
respect to production qualified Products). Prior to that time, monthly forecasts
may be adjusted by Customer without penalty as follows:

----------
* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                      B-1
<PAGE>
<TABLE>
<S>                                                          <C>
[***] month prior to Shipment Month (i.e., between [***]     [***] adjustment from previous forecast for that
and [***] months prior to start of Shipment Month)           Shipment Month

[***] month prior to Shipment Month (i.e. between [***] and  [***] adjustment from previous forecast for that
[***] months prior to start of Shipment Month)               Shipment Month

[***] month prior to Shipment Month (i.e. between [***] and  [***] adjustment from previous forecast for that
[***] months prior to start of Shipment Month)               Shipment Month

[***], [***], [***], [***], [***] and [***] months           [***]
prior to start of Shipment Month
</TABLE>

Notwithstanding the foregoing, if a mutually agreed third party published
standard (the "Published Standard") indicates, at any time during the term of
this Agreement, that standard industry lead times for binding purchase orders
for the manufacture of custom ASICs are greater than [***], the monthly
forecasting adjustments and Committed Period set forth above shall be
appropriately adjusted (upon each such material change, in either direction, in
standard industry lead times) to reflect such lengthened industry lead times;
provided, however, that if and when the Published Standard indicates that such
standard industry lead times revert to being less than or equal to [***], the
monthly forecasting adjustments and Committed Period set forth above shall be
reset to the original provisions set forth above (i.e., a minimum Committed
Period of [***]).

                  (e) Reschedule and Cancellation.

                  (i) Rescheduling. Customer may not reschedule a shipping date
within [***] of the date of delivery specified in Customer's purchase order. All
other delivery dates specified in Customer's purchase orders may be delayed by
up to a maximum of [***] from the original delivery date specified in such
purchase orders. Only one (1) reschedule per purchase order is allowed.
Notwithstanding the foregoing, the rescheduling of purchase orders specifying
delivery days within the Committed Period (as it may be adjusted pursuant to
section (d) above) shall be subject to the following restrictions:

<TABLE>
<CAPTION>
                    Months Prior                              Maximum
                    to Shipment                        Reschedule Percentage
                    -----------                        ---------------------
<S>                                                    <C>
                        [***]                                   [***]%
                        [***]                                   [***]%
</TABLE>

                  (ii) Cancellation. Customer may cancel any purchase order
specifying a delivery date inside the Committed Period upon written notice to
Supplier, subject to a cancellation charge calculated from the following table:

----------
* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                      B-2
<PAGE>
<TABLE>
<CAPTION>
                           Stage of                           Cancellation Charge
                          Production                         (% of Contract Price)
                          ----------                         ---------------------
<S>                                                          <C>
                    Assembly/Finished Goods                          [***]%
                    Probed Die                                       [***]%
                    Wafer Fabrication                                [***]%
</TABLE>

                  (f) Order and Acceptance. All orders for Supplier Products
submitted by Customer shall be initiated by written purchase orders sent to
Supplier and requesting a delivery date during the term of the Agreement;
provided, however, that an order may initially be placed orally or by telex if a
confirmational written purchase order is received by Supplier within ten (10)
days following said oral or telex order. Customer shall submit purchase orders
to Supplier at least [***] prior to the requested day of delivery. No Customer
order shall be binding upon Supplier unless Supplier acknowledges it in writing.
Supplier shall send Customer a formal written acknowledgment or rejection of an
order within [***] business days of receipt thereof. If Supplier shall fail to
send such an acknowledgment or rejection, the offer shall be deemed rejected.
With respect to any order accepted by Supplier, unless Supplier objects to the
date of delivery in the purchase order in its acknowledgment of acceptance,
Supplier shall use its reasonable best efforts to deliver Supplier Products to
Customer on, or no more than three (3) days prior to, the date specified in the
purchase order. If Supplier notifies Customer of its objection to the date of
delivery specified in an Customer purchase order, the parties shall mutually
agree on an alternative delivery date. No partial shipment of an order shall
constitute the acceptance of the entire order, absent the written acceptance of
such entire order.

                  (g) Payment. Supplier shall submit an invoice to Customer upon
shipment of each Supplier Product. The invoice shall cover Customer's Purchase
Price for the Supplier Products in a given shipment plus any freight, taxes or
other applicable costs initially paid by Supplier but to be borne by Customer.
[***]

                  (h) Shipping. All Supplier Products delivered pursuant to the
terms of this Agreement shall be suitably packed for air freight shipment in
Supplier's standard shipping cartons, marked for shipment at Customer's address
set forth above, and delivered to Customer or its carrier agent F.O.B.
Supplier's facility currently located at the address listed for Supplier at the
beginning of this Agreement, at which time title to such Supplier Products and
risk of loss shall pass to Customer. Unless otherwise instructed in writing by
Customer, Supplier shall select the carrier. All freight, insurance, and other
shipping expenses, as well as any special packing expense, shall be paid by
Customer. Customer shall also bear all applicable taxes, duties, and similar
charges that may be assessed against the Supplier Products after delivery to the
carrier at Supplier's facility.

                  (i) Quality Level. Supplier shall use its reasonable best
efforts to achieve an acceptable outgoing quality level of at least 100 ppm (as
measured through Supplier's Acceptance Quality Level testing) for all Supplier
Products during the term of the Agreement.

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confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                      B-3
<PAGE>
                  (j)      Warranties and Warranty Disclaimers.

                  (i) Supplier Warranty. Supplier warrants that each Supplier
Product will be free from defects in workmanship and materials for [***] from
the date of shipment ("Warranty Period"). This warranty does not apply to any
Supplier Product which has been misused (including static discharge, improper
installation, repair or accident) or neglected or which Supplier is not capable
of testing (and such incapability of testing has occurred through no fault of
Supplier). Supplier's sole obligation to Customer for a Supplier Product failing
to meet this warranty is, at Supplier's option, to replace or repair the
Supplier Product or to issue Customer a credit for the purchase price of the
Supplier Product, but only if (i) Supplier has received written notice of the
warranty claim within the Warranty Period, (ii) Customer has returned the
Supplier Product to Supplier in accordance with the rejection procedures set
forth in Section k(ii) below, and (iii) Supplier has verified that the Supplier
Product is defective. Supplier warrants a replacement or repaired Supplier
Product only for the unexpired term of the warranty for the defective Product.

                  (ii) NOTWITHSTANDING CLAUSE (i) ABOVE, SUPPLIER PROVIDES
PROTOTYPES "AS-IS", WITHOUT WARRANTY OF ANY KIND.

                  (iii) Supplier's warranties shall not be enlarged by, nor
shall any obligation or liability of Supplier arise due to, Supplier providing
technical advice, facilities, or service in connection with any Supplier
Product.

                  (iv) THE WARRANTY AND REMEDIES STATED IN THIS SECTION (j) ARE
EXCLUSIVE. SUPPLIER DISCLAIMS ALL OTHER WARRANTIES, EXPRESS AND IMPLIED,
INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. SUPPLIER NEITHER ASSUMES NOR
AUTHORIZES ANY OTHER PERSON TO ASSUME FOR IT ANY OTHER LIABILITY IN CONNECTION
WITH THE SALE, INSTALLATION OR USE OF ITS PRODUCTS.

                  (k)      Rejection of Supplier Products.

                  (i) Acceptance Period. Customer shall have the right to
inspect all Supplier Products promptly upon receipt thereof and may reject any
Supplier Product that fails in any material way to meet the current published
specifications for that Supplier Product. Any Supplier Product not properly
rejected within forty-five (45) days after receipt of that Supplier Product by
Customer ("Rejection Period") shall be deemed accepted. If any Supplier Product
is shipped by Customer to its customer prior to expiration of the Rejection
Period, then that unit shall be deemed accepted upon shipment by Customer.

                  (ii) Rejection Procedures. To reject a Supplier Product,
Customer shall, within the Rejection Period, notify Supplier in writing of its
rejection and request a Material Return Authorization ("MRA") number. Supplier
shall use its reasonable best efforts to provide the MRA number in writing to
Customer within ten (10) days following the receipt of such request; provided,
however, that if the quantity rejected by Customer is greater than ten (10)
pieces, Supplier shall have the right, prior to issuing an MRA number for the
full quantity, to

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* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                      B-4
<PAGE>
request that a sample of the defective Supplier Product be returned with the
initial MRA. In such case, subject to Supplier's verification of the initial MRA
samples, but no later than ten (10) days following the return of such samples,
Supplier shall notify Customer in writing of the disposition of the full
quantity; provided, however, that in the event such samples are returned by
Customer as part of actual Customer product units, Supplier shall have up to
thirty (30) days to notify Customer in writing of the disposition of the full
quantity. If such full quantity is deemed defective, Supplier shall then issue a
subsequent MRA which shall cover such full quantity. Within ten (10) days after
receipt of the written MRA number, Customer shall return to Supplier the
rejected Supplier Product, freight prepaid, with the MRA number displayed on the
outside of the carton. Customer shall have the right to debit the purchase price
of rejected Supplier Products from its accounts payable to Supplier immediately
upon receipt of the MRA number with respect to such rejected Supplier Products.
In this regard, the MRA number issued by Supplier with respect to samples of
rejected Supplier Products which are part of larger quantity of rejected
Supplier Products shall be considered distinct from the MRA number for such full
quantity of rejected Supplier Products. In addition, with respect to rejected
quantities greater than ten (10) pieces for which Supplier has issued Customer
an MRA number and for which Customer has taken a debit, Supplier shall reserve
the right, at its sole option, to repair or replace such rejected quantities
and, thereafter, to sell such quantities back to Customer. Provided that
Supplier has complied with its obligations in this Section (k), Supplier
reserves the right to refuse to accept any rejected Supplier Products that do
not bear an MRA number on the outside of the carton.

                  (l) Production Capacity and Supply. Supplier shall use its
reasonable best efforts to establish and maintain a minimum production capacity
sufficient to supply Customer's Requirements (such Requirements to be determined
consistent with these Supply Terms) for all Supplier Products during the term of
the Agreement. [***].

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* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                      B-5
<PAGE>
 CONFIDENTIAL TREATMENT IS REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.

                                    AMENDMENT

                                       TO

                           PRODUCT PURCHASE AGREEMENT

         This AMENDMENT TO PRODUCT PURCHASE AGREEMENT (this "Amendment") is made
and entered into as of the 1st day of January, 2002 by and between GENERAL
INSTRUMENT CORPORATION, a Delaware corporation with its principal place of
business at 101 Tournament Drive, Horsham, Pennsylvania 19044, acting as the
Broadband Communications Sector of Motorola, Inc. ("Customer"), and BROADCOM
CORPORATION, a California corporation with its principal place of business at
16215 Alton Parkway, Irvine, California 92618 ("Supplier"), with reference to
the following facts and circumstances:

         A. Supplier and Customer are parties to that certain Product Purchase
Agreement dated as of November 22, 2000 (the "Initial Agreement") by and between
Customer and Supplier.

         B. Supplier and Customer desire to amend the Initial Agreement in the
manner set forth herein.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged and intending to be legally bound,
the parties hereto hereby agree as follows:

I.       AMENDMENT.

         (a) The Initial Agreement is hereby amended to delete Exhibit A thereto
and replace it with Exhibit A attached hereto. Supplier acknowledges that
Customer has satisfied its obligations with respect to the Minimum Purchase
Commitment under Exhibit A to the Initial Agreement for all periods prior to
January 1, 2002.

         (b) The Initial Agreement is hereby amended by deleting Section 1.6
thereof.

         (c) Section 1.12 of the Initial Agreement is hereby amended to read in
its entirety as follows:

                  1.12 Early Access Program. During the term of this Agreement,
         Customer shall be entitled to full participation in any standard Early
         Access Program made available by Supplier to any customer for digital
         video products in [***] (such period to be extended for the full term
         of any subsequent supply agreement between Supplier and Customer for
         digital video products) and for cable modem products in [***] (such
         period to be extended for the full term of any subsequent supply
         agreement between Supplier and Customer for cable modem products) and
         [***]; provided, that nothing contained in this Section shall affect
         Customer's obligation, if any, [***] required by the terms of the
         Memorandum of Understanding between Customer and Supplier dated [***]
         in connection with the Early Access Program described therein.

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confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.
<PAGE>
         (d) The Initial Agreement is hereby amended to include the following as
Sections 3 and 4:

         3.       SUPPORT

                  So long as Customer is in compliance with this Agreement
(including, without limitation, the Minimum Purchase Commitment), Customer will
receive [***] support at all Customer facilities.

         4.       DESIGN-IN AND QUALIFICATION OF SUPPLIER [***] PRODUCT

                  4.1 Design-In and Qualification. Customer will design-in and
         qualify a Supplier device on a model of Customer's [***] product,
         conditioned upon Supplier delivering, no later than [***], acceptable
         [***] samples, as described in the Supplier presentation given to
         Customer on January 25, 2002. The [***] samples will be subject to
         Customer's approval based on Customer's acceptance testing. Any
         Customer design award to Supplier for the [***] is contingent upon the
         price of the [***] being no higher than $[***]. That price is inclusive
         of the [***] device; [***]; [***] license of the following Supplier
         tools and software for use with the purchased devices: Supplier's
         [***], Supplier's [***] tool, Supplier's [***], and Supplier's [***],
         and technical support for all of the above. Customer will commit to
         support porting of Supplier's [***] to its current non-Supplier [***]
         solution on a [***] basis, with full Supplier [***].

                  4.2      DOCSIS Pre-Certification Testing.

                  In consideration for Customer's obligations under Section 4.1,
         Supplier shall provide, [***] to Customer and as Customer may request,
         the following pre-certification testing for Customer's [***] products
         incorporating Supplier's cable modem integrated circuits: up to [***]
         hours of DOCSIS pre-certification testing preceding DOCSIS
         Certification Wave [***], up to [***] hours of DOCSIS pre-certification
         testing preceding DOCSIS Certification Wave [***], and up to [***]
         hours of DOCSIS pre-certification testing hours preceding DOCSIS
         Certification Wave [***].

          (e) From and after the date hereof, all references in the Initial
Agreement and herein to the "Agreement" shall refer to the Initial Agreement, as
modified by this Amendment. For all purposes of the Agreement, other than the
Minimum Purchase Commitment, the term "Products" shall be and shall be deemed to
refer to all of the Products described in Exhibit A and herein, as if all such
items were included in the term "Products" as of the effective date of the
Initial Agreement.

II. CREDIT MEMO; [***] OF [***] FEES. While this Agreement has an effective date
of January 1, 2002, it is being signed at a later date. Within twenty four (24)
hours after the execution and delivery of this Agreement, Supplier will provide
Customer with a credit memo to provide Customer with the benefit of the prices
set forth in Exhibit A for all products shipped to Customer after December 31,
2001 under the Initial Agreement and the Product Purchase and Warrant Agreement
dated November 22, 2000 (the "Product Purchase and Warrant Agreement"), except
for those shipments under the Product Purchase and Warrant Agreement which were

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* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       2
<PAGE>
applied against the Minimum Purchase Commitment for the fourth quarter of 2001
under the Product Purchase and Warrant Agreement. The terms of the credit memo
will entitle Customer to apply the amount thereof to outstanding accounts
payable to Supplier or, to the extent no such accounts payable are now
outstanding, to receive a cash payment from Supplier. Supplier hereby [***] all
[***] fees applicable to Customer's [***] of open purchase orders for the [***]
device for quantities [***] up to [***]. Supplier will absorb all costs
associated with [***] devices according to Customer's expedited [***] delivery
schedule.

III. GOVERNING LAW. This Amendment shall be governed by and construed under the
laws of the State of California, without reference to conflict of laws
principles.

IV. COUNTERPARTS. This Amendment may be executed in two or more counterparts,
each of which shall be considered an original, but all of which together will
constitute one and the same instrument. One or more counterparts of this
Amendment may be delivered by telecopier, with the intention that they shall
have the same effect as an original counterpart thereof.

V. NO OTHER AMENDMENT. Except as amended hereby, the Initial Agreement shall
remain in full force and effect, and all other terms and conditions of the
Initial Agreement shall remain in full force and effect and are otherwise
unmodified by this Amendment.

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confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       3
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their representatives thereunto duly authorized as of the date first
written above.

<TABLE>
<S>                                        <C>
GENERAL INSTRUMENT CORPORATION                BROADCOM CORPORATION
acting as the Broadband Communications
Sector of Motorola, Inc.

By:  [***]                                    By:    /s/ TIM LINDENFELSER
     ----------------------------------            ----------------------------------

Name:  [***]                                  Name:  Tim Lindenfelser
       --------------------------------              --------------------------------

Title:  [***]                                 Title:  Vice President and
        -------------------------------               General Manager,
                                                      Broadband Communications
                                                      Business Unit
                                                      -------------------------------
</TABLE>

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* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       4
<PAGE>
                                    Exhibit A

                     Exhibit A to Product Purchase Agreement

                Products, Prices and Minimum Purchase Commitment

                                PRODUCTS, PRICES

The following are the Products referred to in this Agreement for which prices
have been agreed and constitute the "Products" under this Agreement. The per
unit prices to be paid for such Products are as set forth below for the calendar
half year in which the order for the Product is made, subject to adjustment as
hereinafter set forth:

The prices for the following Products would be no higher than as follows for
each half-year through [***]:

                                      [***]

The prices for the following Products would be no higher than as follows for
each half-year through [***]:

                                      [***]

                           MINIMUM PURCHASE COMMITMENT

         1. The amount of Products required to be purchased by Customer and
Customer Affiliates pursuant to the Minimum Purchase Commitment referred to in
this Agreement shall be equal to the following percentages of the aggregate
quarterly requirements of Customer and Customer Affiliates:

                           (a) for [***] semiconductor device(s), in whatever
                  mix selected by Customer (whether bought individually or in an
                  OEM or ODM product) which provide [***] (specifically the
                  functions provided by Supplier's [***]) for [***]

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confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       5
<PAGE>
                  for the products of Customer and the Customer Affiliates,
                  excluding (i) any semiconductor devices which provide [***]
                  (specifically the functions provided by Supplier's [***]
                  series standalone [***] and [***] devices) and (ii) ancillary
                  devices such as Supplier's [***] and [***] devices (the "[***]
                  Requirements"), to be calculated on the basis of [***] (taking
                  into account all [***] programs of Customer and the Customer
                  Affiliates requiring [***] semiconductor devices (including,
                  without limitation, the following programs: [***])):

                      Calendar Quarter                      Percent
                      [***]                                 [***]

                  For clarity, the parties agree that Supplier's [***] and [***]
                  devices are not part of the Minimum Purchase Commitment
                  contained in this paragraph 1(a).

                           (b) for semiconductor device(s) (except for [***]
                  integrated circuits, [***], [***] integrated circuits, and
                  [***] integrated circuits), in whatever mix selected by
                  Customer that contain [***] (specifically the functions
                  provided by Supplier's [***] devices, but excluding the [***]
                  device on a standalone basis) (the "[***] Requirements"), to
                  be calculated on the basis of [***] taking into account all
                  [***] programs of Customer and the Customer Affiliates
                  (including, without limitation, the [***] programs (including,
                  without limitation, [***])):

                  Calendar Quarter                          Percent

                       [***]                                 [***]

         The [***] Requirements shall also include Customer's requirements for
         semiconductor device(s) included within the foregoing definition of
         [***] Requirements that are purchased as part of an OEM or ODM product,
         except for components [***], such as the [***] components to be
         included in Customer's [***] product.

As used in this Agreement, the term "Requirements" shall refer collectively to
the [***] Requirements and the [***] Requirements.

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* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       6
<PAGE>
In connection with their annual audit of the financial statements of Customer
and its Affiliates, upon the written request of Supplier delivered to Customer
no later than December 1 of the year under audit, the independent certified
public accountants of Customer and its Affiliates shall be requested to audit
the records of Customer and its Affiliates with respect to Customer's compliance
with the Minimum Purchase Commitment provisions. The cost of such audit shall be
borne by [***]. Customer also agrees to certify its compliance with these
provisions upon reasonable request by Supplier. In addition, Supplier may engage
its own accounting firm to independently audit and inspect the books and records
of Customer with respect to Customer's compliance with the Minimum Purchase
Commitment provisions.

                                PRICE ADJUSTMENTS

The prices for the Products set forth above (or otherwise agreed) shall be
subject to the following adjustments.

[***]

[***]

In connection with their annual audit of Supplier's financial statements, upon
the written request of Customer delivered to Supplier no later than December 1
of the year under audit, Supplier's independent certified public accountants
shall be requested to audit the records of Supplier and its Affiliates with
respect to Supplier's compliance with the [***] provisions. In addition,
Customer may engage its own accounting firm to independently audit and inspect
the books and records of Supplier with respect to Supplier's compliance with the
[***] provisions. The cost of such audit shall be borne by [***]. Supplier also
agrees to certify its compliance with these provisions upon reasonable request
by Customer.

Competitiveness

In furtherance of Section 1.5 of this Agreement, in the event that Customer is
given in writing an arms length, bonafide offer from an independent third party
(i.e. not an Affiliate of Customer and/or any Affiliate of Customer, or the
Customer Affiliates) supplier capable of fulfilling orders for the quantities
described in clause (A), (B), or (C), as applicable, to purchase (A) [***] and,
in the case of each of (A), (B), and (C), Customer has qualified such other
supplier's product as production ready for such quantities and, to the extent
that Customer's customers require [***] for such product, such product is [***],
as applicable (to the extent that the Product to which such alternative is being
compared is itself [***], as applicable), then Customer shall provide written
notice of all of the material financial and other relevant terms (including,
without limitation, the duration of such offer) (the "Offer Notice") to
Supplier. The Offer Notice shall be

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confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       7
<PAGE>
provided regardless of whether the product offered by the third party supplier
is [***]. Nothing herein shall require Customer to divulge the name of the third
party making the offer. The Offer Notice will include certification by an
authorized officer of Customer as to the accuracy and completeness of the
foregoing, and that the Offer Notice is capable of being accepted for at least
[***] days after the Offer Notice is provided to Supplier. Supplier shall have
the opportunity, exercisable within [***] days after Supplier's receipt of the
Offer Notice, to meet the terms set forth in the Offer Notice for the relevant
product for the period stated in the Offer Notice. In the event that Supplier
does not agree to meet the terms set forth in the Offer Notice within such [***]
day period, Customer may then accept such offer from such other supplier on the
terms set forth in the Offer Notice, without any modification and any products
purchased by Customer pursuant to such offer shall be credited toward Customer's
Minimum Purchase Commitment to the same extent as if purchased from Supplier;
provided that if at any time thereafter any material modifications are made to
the terms set forth in the Offer Notice which entitled Customer under clause
(A), (B), or (C) to provide the Offer Notice or if Customer does not purchase
any products from such other supplier on the terms set forth in the Offer Notice
within [***] from the last date on which Broadcom was permitted to deliver an
acceptance of such Offer Notice hereunder, the Customer shall again be required
to submit a new Offer Notice with respect thereto prior to being permitted to
receive any credit for such products purchased from the third party supplier.

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* Confidential treatment has been requested for the bracketed portions. The
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       8

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