Document:

Exhibit 4.10
----------------------------------------------------------------------------

                    CHASE CREDIT CARD OWNER TRUST 2002-3

                                TRUST AGREEMENT

                                    between

              CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
                                 as Depositor

                                      and

                           WILMINGTON TRUST COMPANY
                               as Owner Trustee

                           Dated as of May 30, 2002

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

<PAGE>

                               TABLE OF CONTENTS

                                                                          Page
                                   ARTICLE I.
                                  DEFINITIONS

SECTION 1.1.  Capitalized Terms..............................................1

                                  ARTICLE II.
                                 ORGANIZATION

SECTION 2.1.  Name...........................................................3
SECTION 2.2.  Office.........................................................3
SECTION 2.3.  Purposes and Powers............................................3
SECTION 2.4.  Appointment of Owner Trustee...................................4
SECTION 2.5.  Initial Capital Contribution of Trust Estate...................4
SECTION 2.6.  Declaration of Trust...........................................5
SECTION 2.7.  Title to Owner Trust Property..................................5
SECTION 2.8.  Situs of Owner Trust...........................................5
SECTION 2.9.  Representations and Warranties of the Depositor................5
SECTION 2.10. Liability of Certificateholder.................................6

                                 ARTICLE III.
                    CERTIFICATES AND TRANSFER OF INTERESTS

SECTION 3.1.  Initial Ownership..............................................6
SECTION 3.2.  The Certificate................................................6
SECTION 3.3.  Execution, Authentication and Delivery of Certificates.........7
SECTION 3.4.  Restrictions on Transfer.......................................7
SECTION 3.5.  Mutilated, Destroyed, Lost or Stolen Certificate...............7
SECTION 3.6.  Authenticating Agent...........................................8
SECTION 3.7.  Actions of Certificateholder...................................9

                                  ARTICLE IV.
                           ACTIONS BY OWNER TRUSTEE

SECTION 4.1.  Prior Notice to Certificateholder with Respect
                to Certain Matters...........................................9

                                  ARTICLE V.
                     AUTHORITY AND DUTIES OF OWNER TRUSTEE

SECTION 5.1.  General Authority.............................................10
SECTION 5.2.  General Duties................................................10
SECTION 5.3.  Action upon Instruction.......................................11
SECTION 5.4.  No Duties Except as Specified in this Agreement
                or in Instructions..........................................11
SECTION 5.5.  No Action Except under Specified Documents or Instructions....12
SECTION 5.6.  Restrictions..................................................12
SECTION 5.7.  Doing Business in Other Jurisdictions.........................12

                                       i
<PAGE>

                                  ARTICLE VI.
                           CONCERNING OWNER TRUSTEE

SECTION 6.1.  Acceptance of Trusts and Duties...............................13
SECTION 6.2.  Furnishing of Documents.......................................14
SECTION 6.3.  Representations and Warranties................................14
SECTION 6.4.  Reliance; Advice of Counsel...................................15
SECTION 6.5.  Not Acting in Individual Capacity.............................16
SECTION 6.6.  Owner Trustee May Own Notes...................................16

                                 ARTICLE VII.
                         COMPENSATION OF OWNER TRUSTEE

SECTION 7.1.  Owner Trustee's Fees and Expenses.............................16
SECTION 7.2.  Indemnification...............................................16
SECTION 7.3.  Payments to Owner Trustee.....................................17

                                ARTICLE VIII.
                        TERMINATION OF TRUST AGREEMENT

SECTION 8.1.  Termination of Trust Agreement................................17

                                ARTICLE IX.
          SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

SECTION 9.1.  Eligibility Requirements for Owner Trustee....................18
SECTION 9.2.  Resignation or Removal of Owner Trustee.......................18
SECTION 9.3.  Successor Owner Trustee.......................................19
SECTION 9.4.  Merger or Consolidation of Owner Trustee......................19
SECTION 9.5.  Appointment of Co-Trustee or Separate Trustee.................20

                                  ARTICLE X.
                                 MISCELLANEOUS

SECTION 10.1.  Supplements and Amendments...................................21
SECTION 10.2.  No Legal Title to Owner Trust Estate in Certificateholder....22
SECTION 10.3.  Limitations on Rights of Others..............................22
SECTION 10.4.  Notices......................................................22
SECTION 10.5.  Severability.................................................23
SECTION 10.6.  Separate Counterparts........................................23
SECTION 10.7.  Successors and Assigns.......................................23
SECTION 10.8.  Nonpetition Covenants.  .....................................23
SECTION 10.10. Headings.....................................................23
SECTION 10.11. GOVERNING LAW................................................24
SECTION 10.12. Depositor Payment Obligation.................................24
SECTION 10.13. Acceptance of Terms of Agreement.............................24
SECTION 10.14. Integration of Documents.....................................24

                                      ii
<PAGE>

                                   EXHIBITS

Exhibit A  -    Form of Certificate

                                      iii
<PAGE>

         TRUST AGREEMENT dated as of May 30, 2002 between CHASE MANHATTAN BANK
USA, NATIONAL ASSOCIATION ("Chase USA"), a national banking association having
its principal executive offices located at White Clay Center Building 200,
Route 273, Newark, Delaware 19711, as the depositor (in its capacity as the
depositor, the "Depositor") and WILMINGTON TRUST COMPANY, a Delaware banking
corporation, as the owner trustee (the "Owner Trustee").

                                  ARTICLE I.

                                  DEFINITIONS

         SECTION 1.1. Capitalized Terms. (a) For all purposes of this
Agreement, the following terms shall have the meanings set forth below:

         "Administrator" means Chase Manhattan Bank USA, National Association,
or any successor Administrator under the Deposit and Administration Agreement.

         "Agreement" means this Chase Credit Card Owner Trust 2002-3 Trust
Agreement, as the same may be amended, modified or otherwise supplemented from
time to time.

         "Basic Documents" means the Indenture, this Agreement, the Deposit
and Administration Agreement, the Note Underwriting Agreement and other
documents delivered in connection herewith and therewith.

         "Certificate" means the certificate evidencing the beneficial
interest of the Certificateholder in the Owner Trust, substantially in the
form attached hereto as Exhibit A.

         "Certificateholder" means Chase Manhattan Bank USA, National
Association, and its successors and permitted assigns.

         "Code" means the Internal Revenue Code of 1986, as amended.

         "Corporate Trust Office" means, with respect to the Owner Trustee,
the principal corporate trust office of the Owner Trustee located at Rodney
Square North, 1100 North Market Street, Wilmington, DE 19801; or such other
address as the Owner Trustee may designate by notice to the Depositor, or the
principal corporate trust office of any successor Owner Trustee (the address
of which the successor Owner Trustee will notify the Certificateholder and the
Depositor).

         "Deposit and Administration Agreement" means the Deposit and
Administration Agreement, dated as of May 30, 2002, between the Owner Trustee,
on behalf of the Owner Trust, and Chase Manhattan Bank USA, National
Association, as Depositor and as Administrator, as the same may be amended,
supplemented or otherwise modified from time to time.

<PAGE>

         "Depositor" means Chase Manhattan Bank USA, National Association, in
its capacity as Depositor hereunder and its successors and assigns in such
capacity.

         "Expenses" has the meaning assigned to such term in Section 7.2.

         "Indemnified Parties" shall have the meaning assigned to such term in
Section 7.2.

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

         "Noteholder" has the meaning assigned to such term in the Indenture.

         "Owner Trust" means the trust created by this Agreement.

         "Owner Trust Estate" means all right, title and interest of the Owner
Trustee in and to the property and rights assigned to the Owner Trustee
pursuant to Section 2.5 of this Agreement and Section 2.1 of the Deposit and
Administration Agreement, all monies, securities, instruments and other
property on deposit from time to time in the accounts established hereunder
and all other property of the Owner Trust from time to time, including any
rights of the Owner Trustee on behalf of the Owner Trust pursuant to the
Deposit and Administration Agreement.

         "Owner Trustee" means Wilmington Trust Company, a Delaware banking
corporation, not in its individual capacity but solely as owner trustee for
the Chase Credit Card Owner Trust 2002-3 under this Agreement (unless
otherwise specified herein), and any successor Owner Trustee hereunder.

         "Requirements of Law" means, for any Person, the certificate of
incorporation or articles of association and by-laws or other organizational
or governing documents of such Person, and any law, treaty, rule or
regulations, or determination of an arbitrator or Governmental Authority, in
each case applicable to or binding upon such Person or to which such Person is
subject, whether federal, state or local (including without limitation, usury
laws, the federal Truth in Lending Act and Regulation Z and Regulation B of
the Board of Governors of the Federal Reserve System).

         "Secretary of State" means the Secretary of State of the State of
Delaware.

         "SFAS 140" means Statement of Financial Accounting Standards No.
140, Accounting for Transfers and Servicing of Financial Assets and
Extinguishments of Liabilities.

         (b) All terms defined in this Agreement shall have the defined
meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein.

                                      2
<PAGE>

         (c) As used in this Agreement and in any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms not
defined in this Agreement or in any such certificate or other document, and
accounting terms partly defined in this Agreement or in any such certificate
or other document to the extent not defined, shall have the respective
meanings given to them under generally accepted accounting principles. To the
extent that the definitions of accounting terms in this Agreement or in any
such certificate or other document are inconsistent with the meanings of such
terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document shall
control.

         (d) The words "hereof," "herein," "hereunder," and words of similar
import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular provision of this Agreement; Section and Exhibit
references contained in this Agreement are references to Sections and Exhibits
in or to this Agreement unless otherwise specified; and the term "including"
shall mean "including without limitation."

         (e) The definitions contained in this Agreement are applicable to the
singular as well as the plural forms of such terms and to the masculine as
well as to the feminine and neuter genders of such terms.

                                  ARTICLE II.

                                 ORGANIZATION

         SECTION 2.1. Name. The trust created hereby shall be referred to
for convenience as "Chase Credit Card Owner Trust 2002-3" (hereinafter, the
"Owner Trust"). The Owner Trust shall not be a "business trust" as defined
in 12 Del.C. 3801.

         SECTION 2.2. Office. The office of the Owner Trust shall be in care
of the Owner Trustee at the Corporate Trust Office or at such other address as
the Owner Trustee may designate by written notice to the Certificateholder and
the Depositor.

         SECTION 2.3. Purposes and Powers. The purpose of the Owner Trust is,
and the Owner Trustee shall have the power and authority, on behalf of the
Owner Trust to engage in the following activities:

         (a) to issue the Notes in the name of the Owner Trust pursuant to the
Indenture and the Certificate pursuant to this Agreement, and to sell,
transfer or exchange the Notes and the Certificate;

         (b) to acquire the property and assets set forth in the Deposit and
Administration Agreement from the Depositor pursuant to the terms thereof, to
make payments or distribu-

                                      3
<PAGE>

tions on the Notes and the Certificate and to make deposits to and withdrawals
from the Reserve Account and other accounts established under the Indenture;

         (c) to assign, grant, transfer, pledge, mortgage and convey the Owner
Trust Estate to the Indenture Trustee pursuant to the Indenture and to hold,
manage and distribute to the Certificateholder pursuant to the terms of the
Deposit and Administration Agreement any portion of the Owner Trust Estate
released from the Lien of, and remitted to the Owner Trust pursuant to, the
Indenture;

         (d) to enter into and perform its obligations under the Basic
Documents to which it is a party;

         (e) to engage in those activities, including entering into
agreements, that are necessary, suitable or convenient to accomplish the
foregoing or are incidental thereto or connected therewith, which activities
cannot be contrary to the status of the Trust as a "qualifying special purpose
entity" under SFAS 140 and any successor rule thereto; and

         (f) subject to compliance with the Basic Documents, to engage in such
other activities as may be required in connection with conservation of the
Owner Trust Estate and the making of distributions to the Certificateholder
and the Noteholders, which activities cannot be contrary to the status of the
Trust as a "qualifying special purpose entity" under SFAS 140 and any
successor rule thereto.

The Owner Trustee, on behalf of the Owner Trust, is hereby authorized to
engage in the foregoing activities. Neither the Owner Trustee, nor the Owner
Trust, shall engage in any activity other than in connection with the
foregoing or other than as required or authorized by the terms of this
Agreement or the other Basic Documents. For purposes of SFAS 140, the parties
hereto intend that (a) the Trust shall be treated as a "qualifying special
purpose entity" as such term is used in SFAS 140 and any successor rule
thereto and (b) the power and authority of the Owner Trust as stated this
Section 2.3 shall be limited in accordance with paragraph 35 of SFAS 140.

         SECTION 2.4. Appointment of Owner Trustee. The Depositor hereby
appoints the Owner Trustee as trustee of the Owner Trust effective as of the
date hereof, to have all the rights, powers and duties set forth herein.

         SECTION 2.5. Initial Capital Contribution of Trust Estate. The
Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner
Trustee, as of the date hereof, $1.00. The Owner Trustee hereby acknowledges
receipt in trust from the Depositor, as of the date hereof, of the foregoing
contribution, which shall constitute the initial Owner Trust Estate. The
Depositor shall pay the organizational expenses of the Owner Trust as they may
arise or shall, upon the request of the Owner Trustee, promptly reimburse the
Owner Trustee for any such expenses paid by the Owner Trustee.

                                      4
<PAGE>

         SECTION 2.6. Declaration of Trust. The Owner Trustee hereby declares
that it will hold the Owner Trust Estate in trust upon and subject to the
conditions set forth herein for the use and benefit of the Certificateholder,
subject to the obligations of the Owner Trustee, on behalf of the Owner Trust,
under the Basic Documents. It is the intention of the parties hereto that the
Owner Trust constitute a common law trust duly formed in accordance with the
laws of the State of Delaware and that this Agreement constitutes the
governing instrument of such trust. It is the intention of the parties hereto
that, solely for United States income and franchise tax purposes, the Owner
Trust shall be treated as a division or branch of the Depositor. The parties
agree that, unless otherwise required by appropriate tax authorities, they
will take no action contrary to the foregoing intention. Effective as of the
date hereof, the Owner Trustee shall have all rights, powers and duties set
forth herein with respect to accomplishing the purposes of the Owner Trust.

         SECTION 2.7. Title to Owner Trust Property. Legal title to all the
Owner Trust Estate shall be vested at all times in the Owner Trustee, on
behalf of the Owner Trust, except where applicable law in any jurisdiction
requires title to any part of the Owner Trust Estate to be vested in a
co-trustee or a separate trustee, in which case title to such part shall be
deemed to be vested in the co-trustee and/or separate trustee, as the case may
be.

         SECTION 2.8. Situs of Owner Trust. The Owner Trust will be located
and administered in the State of Delaware. All bank accounts maintained by the
Owner Trustee on behalf of the Owner Trust shall be located in the State of
Delaware or the State of New York. Payments will be received by the Owner
Trust only in Delaware or New York, and payments and distributions will be
made by the Owner Trust only from Delaware or New York. The only office of the
Owner Trust will be at the Corporate Trust Office of the Owner Trustee in
Delaware.

         SECTION 2.9. Representations and Warranties of the Depositor. The
Depositor hereby represents and warrants to the Owner Trustee that:

         (i) The Depositor has been duly organized and is validly existing as
     a national banking association in good standing under the laws of the
     United States of America, with power and authority to own its properties
     and to conduct its business as such properties are currently owned and
     such business is presently conducted.

         (ii) The Depositor has the corporate power and authority to execute
     and deliver this Agreement and to carry out its terms; the Depositor has
     full power and authority to sell and assign the property to be sold and
     assigned to and deposited with the Owner Trustee pursuant to this
     Agreement and the Deposit and Administration Agreement, on behalf of the
     Owner Trust, and the Depositor has duly authorized such sale and
     assignment and deposit to the Owner Trustee, on behalf of the Owner
     Trust, by all necessary

                                      5
<PAGE>

     action; and the execution, delivery and performance of this Agreement has
     been duly authorized by the Depositor by all necessary action.

          (iii) The consummation of the transactions contemplated by this
     Agreement and the other Basic Documents and the fulfillment of the terms
     hereof, do not conflict with, result in any breach of any of the terms
     and provisions of, or constitute (with or without notice or lapse of
     time) a default under, the articles of association or bylaws of the
     Depositor, or conflict with or breach any of the material terms or
     provisions of or constitute (with or without notice or lapse of time) a
     default under 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 its properties pursuant to the
     terms of any such indenture, agreement or other instrument; nor violate
     any law or, to the best of the Depositor's knowledge, 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.

          (iv) There are no proceedings or investigations pending or, to the
     best knowledge of the Depositor, threatened against the Depositor before
     any court, regulatory body, administrative agency, or other tribunal or
     governmental instrumentality having jurisdiction over the Depositor (i)
     asserting the invalidity of any of the Basic Documents to which the
     Depositor is a party, (ii) seeking to prevent the consummation of any of
     the transactions contemplated by any of the Basic Documents, to which the
     Depositor is a party, (iii) seeking any determination or ruling that, in
     the reasonable judgment of the Depositor, would materially and adversely
     affect the performance by the Depositor of its obligations under the
     Basic Documents to which the Depositor is a party, or (iv) seeking any
     determination or ruling that would materially and adversely affect the
     validity or enforceability of the Basic Documents to which the Depositor
     is a party.

         SECTION 2.10. Liability of Certificateholder. The
Certificateholder shall not have any personal liability for any liability
or obligation of the Owner Trustee or the Owner Trust.

                                 ARTICLE III.

                    CERTIFICATES AND TRANSFER OF INTERESTS

         SECTION 3.1. Initial Ownership. Upon the formation of the Owner
Trust by the contribution by the Depositor pursuant to Section 2.5, the
Depositor shall be the sole beneficiary of the Owner Trust.

                                      6
<PAGE>

         SECTION 3.2. The Certificate. (a) The Certificate shall be issued
substantially in the form of Exhibit A, which is incorporated by reference
herein. The Certificate shall be executed on behalf of the Owner Trust by
manual or facsimile signature of an Authorized Officer or other authorized
signatory of the Owner Trustee. A Certificate bearing the manual or facsimile
signatures of individuals who were, at the time when such signatures shall
have been affixed, authorized to sign on behalf of the Owner Trust, shall be
validly issued and entitled to the benefit of this Agreement, notwithstanding
that such individuals or any of them shall have ceased to be so authorized
prior to the authentication and delivery of such Certificate or did not hold
such offices at the date of authentication and delivery of such Certificate.
The Certificate shall not entitle its Holder to any benefit under this
Agreement, or be valid for any purpose, unless there shall appear on such
Certificate a certificate of authentication substantially in the form set
forth in Exhibit A, executed by the Owner Trustee, or the Owner Trustee's
authentication agent, by manual or facsimile signature; such authentication
shall constitute conclusive evidence that such Certificate shall have been
duly authenticated and delivered hereunder. The Certificate shall be dated the
date of its authentication.

         (b) The Certificateholder shall be entitled to receive distributions
from the Owner Trust Estate only in accordance with this Agreement and the
Deposit and Administration Agreement. In no event shall the Depositor or the
Certificateholder be entitled to possession of, or be permitted to encumber
any part of, the Owner Trust Estate.

         SECTION 3.3. Execution, Authentication and Delivery of Certificates.
Concurrently with the initial deposit of the Series Certificate with the Owner
Trustee, on behalf of the Owner Trust, pursuant to the Deposit and
Administration Agreement, the Owner Trustee shall cause the Certificate to be
executed on behalf of the Owner Trust, authenticated and delivered to or upon
the written order of the Depositor, signed by its chairman of the board, its
president or any vice president, without further action by the Depositor.

         SECTION 3.4. Restrictions on Transfer. To the fullest extent
permitted by applicable law, the Certificate (or any interest therein) may not
be sold, transferred, assigned, participated, pledged or otherwise disposed of
by the Depositor to any Person.

         SECTION 3.5. Mutilated, Destroyed, Lost or Stolen Certificate. If (a)
the mutilated Certificate shall be surrendered to the Owner Trustee, or if the
Owner Trustee shall receive evidence to its satisfaction of the destruction,
loss or theft of the Certificate and (b) there shall be delivered to the Owner
Trustee such security or indemnity as may be required by it to save it
harmless, then the Owner Trustee shall execute and the Owner Trustee, or the
Owner Trustee's authenticating agent, shall authenticate and deliver, in
exchange for or in lieu of the mutilated, destroyed, lost or stolen
Certificate, a new Certificate. In connection with the issuance of any new
Certificate under this Section 3.5, the Owner Trustee may require the payment
of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection therewith. Any duplicate Certificate issued pursuant to
this Section shall constitute conclusive evidence of an ownership interest in
the Owner Trust, as if originally issued, whether or not the

                                      7
<PAGE>

lost, stolen or destroyed Certificate shall be found at any time. The
provisions of this Section 3.5 are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement of the
mutilated, destroyed, lost or stolen Certificate.

         SECTION 3.6. Authenticating Agent. (a) The Owner Trustee may appoint
one or more authenticating agents with respect to the Certificate which shall
be authorized to act on behalf of the Owner Trustee in authenticating the
Certificate in connection with the issuance, delivery, registration of
transfer, exchange or repayment of the Certificate. Whenever reference is made
in this Agreement to the authentication of the Certificate by the Owner
Trustee or the Owner Trustee's certificate of authentication, such reference
shall be deemed to include authentication on behalf of the Owner Trustee by an
authenticating agent and a certificate of authentication executed on behalf of
the Owner Trustee by an authenticating agent. Each authenticating agent shall
be subject to acceptance by the Depositor.

         (b) Any institution succeeding to the corporate agency business of an
authenticating agent shall continue to be an authenticating agent without the
execution or filing of any paper or any further act on the part of the Owner
Trustee or such authenticating agent.

         (c) An authenticating agent may at any time resign by giving written
notice of resignation to the Owner Trustee and the Depositor. The Owner
Trustee may at any time terminate the agency of an authenticating agent by
giving notice of termination to such authenticating agent and to the
Depositor. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time an authenticating agent shall cease to be
acceptable to the Owner Trustee or the Depositor, the Owner Trustee promptly
may appoint a successor authenticating agent with the consent of the
Depositor. Any successor authenticating agent upon acceptance of its
appointment hereunder shall become vested with all the rights, powers and
duties of its predecessor hereunder, with like effect as if originally named
as an authenticating agent.

         (d) The Depositor shall pay the authenticating agent from time to
time reasonable compensation for its services under this Section 3.6.

         (e) The provisions of Sections 6.1, 6.3, 6.4, 6.6, 7.1 and 7.2 shall
be applicable to any authenticating agent.

         (f) Pursuant to an appointment made under this Section 3.6, the
Certificate may have endorsed thereon, in lieu of the Owner Trustee's
certificate of authentication, an alternate certificate of authentication in
substantially the following form:

         This is the Certificate referred to in the within-mentioned Trust
Agreement.

                                      or

WILMINGTON TRUST COMPANY               WILMINGTON TRUST COMPANY

                                      8
<PAGE>

not in its individual capacity        not in its individual capacity
but solely as Owner Trustee for       but solely as Owner Trustee for the Chase
the Chase                             Credit Card Owner Trust 2002-3
Credit Card Owner Trust 2002-3

                                       By: ___________________________
                                            Authenticating Agent

By: ______________________________     By: ___________________________
         Authorized Signatory               Authorized Signatory

         SECTION 3.7. Actions of Certificateholder. (a) Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by
this Agreement to be given or taken by the Certificateholder may be embodied
in and evidenced by one or more instruments of substantially similar tenor
signed by the Certificateholder in person or by agent duly appointed in
writing; and except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the
Owner Trustee and, when required, to the Depositor or the Servicer. Proof of
execution of any such instrument or of a writing appointing any such agent
shall be sufficient for any purpose of this Agreement and conclusive in favor
of the Owner Trustee, the Depositor and the Servicer, if made in the manner
provided in this Section 3.7.

         (b) The fact and date of the execution by the Certificateholder of
any such instrument or writing may be proved in any reasonable manner which
the Owner Trustee deems sufficient.

         (c) The Owner Trustee may require such additional proof of any matter
referred to in this Section 3.7 as it shall deem necessary.

                                  ARTICLE IV.

                           ACTIONS BY OWNER TRUSTEE

         SECTION 4.1. Prior Notice to Certificateholder with Respect to
Certain Matters. With respect to the following matters, the Owner Trustee
shall not take action unless at least 30 days before the taking of such
action, the Owner Trustee shall have notified the Certificateholder in writing
of the proposed action:

         (a) the initiation of any claim or lawsuit on behalf of the Owner
Trust (except claims or lawsuits brought to collect on the Series Certificate)
and the compromise of any

                                      9
<PAGE>

material action, claim or lawsuit brought by or against the Owner Trust or the
Owner Trustee (except with respect to the aforementioned claims or lawsuits to
collect on the Series Certificate);

         (b) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is required;

         (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 Certificateholder;

         (d) the amendment, change or modification of the Deposit and
Administration Agreement, except any amendment where the consent of the
Certificateholder is not required under the terms of the Deposit and
Administration Agreement; or

         (e) the appointment pursuant to the Indenture of a successor
Indenture Trustee or the consent to the assignment by the Note Registrar, the
Paying Agent, the Indenture Trustee or the Certificate Registrar of its
obligations under the Indenture.

The Owner Trustee shall notify the Certificateholder in writing of any
appointment of a successor Paying Agent, Authenticating Agent or Certificate
Registrar within five Business Days thereof.

                                  ARTICLE V.

                     AUTHORITY AND DUTIES OF OWNER TRUSTEE

         SECTION 5.1. General Authority. The Owner Trustee is authorized and
directed to execute and deliver the Basic Documents to which the Owner
Trustee, on behalf of the Owner Trust, is to be a party and each certificate
or other document required to be executed on behalf of the Owner Trust that is
attached as an exhibit to or contemplated by the Basic Documents or any
amendment thereto or other agreement, in each case, in such form as the
Depositor shall approve as evidenced conclusively by the Owner Trustee's
execution thereof and the Depositor's execution of the related documents. In
addition to the foregoing, the Owner Trustee is authorized to take all actions
required to be taken on behalf of the Owner Trust pursuant to the Basic
Documents. The Owner Trustee is further authorized from time to time to take
such action as the Administrator directs in writing with respect to the Basic
Documents, except to extent that the Basic Documents expressly require the
consent of the Depositor for such action.

         SECTION 5.2. General Duties. It shall be the duty of the Owner
Trustee to discharge (or cause to be discharged) all of its responsibilities
pursuant to the terms of this Agreement and the other Basic Documents and to
administer the Owner Trust in the interest of the Certificateholder, subject
to the Basic Documents and in accordance with the provisions of

                                      10
<PAGE>

this Agreement. Notwithstanding the foregoing, the Owner Trustee shall be
deemed to have discharged its duties and responsibilities hereunder and under
the Basic Documents to the extent the Administrator has agreed in the Deposit
and Administration Agreement to perform any act or to discharge any duty of
the Owner Trustee hereunder or under any other Basic Document, and the Owner
Trustee shall not be liable for the default or failure of the Administrator to
carry out its obligations under the Deposit and Administration Agreement.

         SECTION 5.3. Action upon Instruction. (a) The Certificateholder
may, by written instruction, direct the Owner Trustee in the management of
the Owner Trust. Such direction may be exercised at any time by written
instruction of the Certificateholder.

         (b) Notwithstanding the foregoing, the Owner Trustee shall not be
required to take any action hereunder or under any other Basic Document if the
Owner Trustee shall reasonably determine, or shall have been advised by
counsel in writing, that such action is likely to result in personal liability
to the Owner Trustee (in such capacity or individually), is contrary to the
terms of this Agreement or any other Basic Document or is contrary to law.

         (c) Whenever the Owner Trustee is unable to decide between
alternative courses of action permitted or required by the terms of this
Agreement or any other Basic Document or is unsure as to the application of
any provision of this Agreement or any other Basic Document, or if 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 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 may give
notice (in such form as shall be appropriate under the circumstances) to the
Certificateholder requesting instruction as to the course of action to be
adopted, and to the extent the Owner Trustee acts in good faith in accordance
with any written instruction of the Certificateholder received, the Owner
Trustee shall not be liable on account of such action to any Person. If the
Owner Trustee 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, as it shall
deem to be in the best interests of the Certificateholder, and shall have no
liability to any Person for such action or inaction.

         SECTION 5.4. No Duties Except as Specified in this Agreement or in
Instructions. The Owner Trustee shall undertake to perform such duties and
only such duties as are specifically set forth in this Agreement and the other
Basic Documents, and no implied covenants or obligations shall be read into
this Agreement or the other Basic Documents. The Owner Trustee shall not have
any duty or obligation to manage, make any payment with respect to, register,
record, sell, dispose of, or otherwise deal with the Owner 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 is a party, except
as expressly provided by the terms of this

                                      11
<PAGE>

Agreement or in any document or written instruction received by the Owner
Trustee pursuant to Section 5.3; and no implied duties or obligations shall be
read into this Agreement or any other Basic Document against the Owner
Trustee. The Owner Trustee shall have no 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 any filing for the Owner Trust
with the Securities and Exchange Commission or to record this Agreement or any
other Basic Document. The Owner Trustee 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 Owner Trust Estate that result from
actions by, or claims against, the Owner Trustee, in its individual capacity,
that are not related to the ownership or the administration of the Owner Trust
Estate.

         SECTION 5.5. No Action Except under Specified Documents or
Instructions. The Owner Trustee shall not manage, control, use, sell, dispose
of or otherwise deal with any part of the Owner Trust Estate except (i) in
accordance with the powers granted to and the authority conferred upon the
Owner Trustee pursuant to this Agreement, (ii) in accordance with the Basic
Documents, and (iii) in accordance with any document or instruction delivered
to the Owner Trustee pursuant to Section 5.3.

         SECTION 5.6. Restrictions. The Owner Trustee shall not (a) take any
action that is inconsistent with the purposes of the Owner Trust set forth in
Section 2.3 or (b) take any action or amend this Agreement in any manner that,
to the actual knowledge of a Responsible Officer of the Owner Trustee, would
result in the Owner Trust becoming taxable as a corporation for United States
federal income tax purposes. The Certificateholder shall not direct the Owner
Trustee to take action that would violate the provisions of this Section.

         SECTION 5.7. Doing Business in Other Jurisdictions. (a)
Notwithstanding anything contained herein to the contrary, the Owner Trustee
shall not be required to take any action in any jurisdiction other than in the
State of Delaware, other than as set forth in the last sentence of this
Section 5.7, if the taking of such action will (i) require the consent or
approval or authorization or order of or the giving of notice to, or the
registration with or the taking of any other action in respect of, any state
or other governmental authority or agency of any jurisdiction other than the
State of Delaware; (ii) result in any fee, tax or other governmental charge
under the laws of any jurisdiction or any political subdivisions thereof in
existence on the date hereof other than the State of Delaware becoming payable
by the Owner Trustee; or (iii) subject the Owner Trustee to personal
jurisdiction in any jurisdiction other than the State of Delaware for causes
of action arising from acts unrelated to the consummation of the transactions
by the Owner Trustee, as the case may be, contemplated hereby. The Owner
Trustee shall be entitled to obtain advice of counsel (which advice shall be
an expense of the Depositor) to determine whether any action required to be
taken pursuant to this Agreement results in the consequences described in
clauses (i), (ii) and (iii) of the preceding sentence. In the event that said
counsel advises the Owner Trustee that such action will result in such
consequences, the Owner Trustee will, at the expense

                                      12
<PAGE>

of the Depositor, appoint an additional trustee pursuant to Section 9.5 to
proceed with such action.

                                  ARTICLE VI.

                           CONCERNING OWNER TRUSTEE

         SECTION 6.1. 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. The
Owner Trustee also agrees to disburse all moneys actually received by it
constituting part of the Owner Trust Estate upon the terms of the other Basic
Documents and this Agreement. The Owner Trustee shall not be answerable or
accountable hereunder or under any Basic Document under any circumstances,
except (i) for its own willful misconduct, bad faith or gross negligence or
(ii) in the case of the breach of any representation or warranty contained in
Section 6.3 expressly made by the Owner Trustee. In particular, but not by way
of limitation (and subject to the exceptions set forth in the preceding
sentence):

         (a) The Owner Trustee shall not be liable for any error of judgment
made in good faith by a Responsible Officer of the Owner Trustee unless it is
proved that the Owner Trustee was grossly negligent in ascertaining the
pertinent facts;

         (b) The Owner Trustee shall not be liable with respect to any action
it takes or omits to take in good faith in accordance with the instructions of
the Certificateholder given pursuant to Section 5.3;

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

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

         (e) The Owner Trustee shall not be responsible for and makes no
representation as to the validity or adequacy 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 Owner Trust Estate or for or in
respect of the validity or sufficiency of the Basic Documents, other than the
certificate of authentication on the Certificate, shall not be accountable for
the use or application by the Depositor of the proceeds from the Certificate,
and the Owner Trustee shall

                                      13
<PAGE>

in no event assume or incur any liability, duty or obligation to any
Noteholder or to the Certificateholder, other than as expressly provided for
herein and in the other Basic Documents;

         (f) The Owner Trustee shall not be liable for the default or
misconduct of the Indenture Trustee, the Administrator or the Servicer under
any of the Basic Documents or otherwise, and the Owner Trustee shall have no
obligation or liability to perform the obligations to be performed on behalf
of the Owner Trust under this Agreement or the other Basic Documents that are
required to be performed by the Administrator under the Deposit and
Administration Agreement or the Indenture Trustee under the Indenture;

         (g) The Owner Trustee shall be under no 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 Certificateholder, unless the Certificateholder has offered to the
Owner Trustee security or indemnity satisfactory to it against the costs,
expenses and liabilities that may be incurred by the Owner Trustee therein or
thereby. The right of the Owner Trustee to perform any discretionary act
enumerated in this Agreement or in any other Basic Document shall not be
construed as a duty, and the Owner Trustee shall not be answerable for other
than its gross negligence, bad faith or willful misconduct in the performance
of any such act; and

         (h) The Owner Trustee, upon receipt of any resolutions, certificates,
statements, opinions, reports, documents, orders or other instruments
furnished to the Owner Trustee that shall be specifically required to be
furnished pursuant to any provision of this Agreement or the other Basic
Documents, shall examine them to determine whether they conform to the
requirements of this Agreement or such other Basic Document; provided,
however, that the Owner Trustee shall not be responsible for the accuracy or
content of any such resolution, certificate, statement, opinion, report,
document, order or other instrument furnished to the Owner Trustee pursuant to
this Agreement or the other Basic Documents.

         SECTION 6.2. Furnishing of Documents. The Owner Trustee shall furnish
to the Certificateholder 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 Owner Trustee
under the Basic Documents.

         SECTION 6.3. Representations and Warranties. Wilmington Trust
Company, in its individual capacity, hereby represents and warrants to the
Depositor, for the benefit of the Certificateholder, that:

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

                                      14
<PAGE>

         (b) 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.

         (c) 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, writ, decree or
order applicable to it, or constitute any default under its charter documents
or by-laws or, with or without notice or lapse of time, any indenture,
mortgage, contract, agreement or instrument to which it is a party or by which
any of its properties may be bound.

         (d) The execution, delivery and performance by Wilmington Trust
Company of this Agreement does not require the authorization, consent, or
approval of, the giving of notice to, the filing or registration with, or the
taking of any other action in respect of, any governmental authority or agency
of the State of Delaware or the United States of America regulating the
corporate trust activities of Wilmington Trust Company.

         (e) This Agreement has been duly authorized, executed and delivered
by Wilmington Trust Company and shall constitute the legal, valid, and binding
agreement of Wilmington Trust Company, not in its individual capacity but
solely as Owner Trustee for the Chase Credit Card Owner Trust 2002-3,
enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization and other laws affecting the
rights of creditors generally, and by general principles of equity regardless
of whether enforcement is pursuant to a proceeding in equity or at law.

         SECTION 6.4. Reliance; Advice of Counsel. (a) The Owner Trustee shall
incur no 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 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 the determination of which is not
specifically prescribed herein, the Owner Trustee may for all purposes hereof
rely on a certificate, signed by the president or any vice president or by the
treasurer, secretary 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 for any action taken or omitted to be taken by it in good
faith in reliance thereon.

         (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 (i) may act directly or through its
agents or attorneys pursuant to agreements

                                      15
<PAGE>

entered into with any of them, and the Owner Trustee shall not 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 with due care and (ii)
may consult with counsel, accountants and other skilled persons knowledgeable
in the relevant area to be selected with reasonable care and employed by it.
The Owner Trustee shall not 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 6.5. Not Acting in Individual Capacity. Except as provided in
this Article VI, in accepting the trusts hereby created, Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2002-3, acts solely as the Owner Trustee
hereunder and not in its individual capacity and all Persons having any claim
against the Owner Trustee by reason of the transactions contemplated by this
Agreement or any other Basic Document shall look only to the Owner Trust
Estate for payment or satisfaction thereof.

         SECTION 6.6. Owner Trustee May Own Notes. The Owner Trustee in its
individual or any other capacity may become the owner or pledgee of the Notes
and may deal with the Depositor, the Indenture Trustee and the Servicer in
banking transactions with the same rights as it would have if it were not the
Owner Trustee.

                                 ARTICLE VII.

                         COMPENSATION OF OWNER TRUSTEE

         SECTION 7.1. Owner Trustee's Fees and Expenses. The Owner Trustee
shall receive as compensation for its services hereunder such fees as have
been separately agreed upon before the date hereof between the Depositor and
the Owner Trustee, and the Owner Trustee shall be entitled to be reimbursed by
the Depositor for its other reasonable expenses hereunder, including the
reasonable compensation, expenses and disbursements of such agents,
representatives, experts and counsel as the Owner Trustee may employ in
connection with the exercise and performance of its rights and its duties
hereunder except any such expenses as may arise from its gross negligence,
wilful misfeasance, or bad faith or that is the responsibility of the
Certificateholder under this Agreement.

         SECTION 7.2. Indemnification. The Depositor shall be liable as
primary obligor for, and shall indemnify the Owner Trustee (in such capacity
or individually) and its successors, assigns, agents and servants
(collectively, the "Indemnified Parties") from and against, any and all
liabilities, obligations, losses, damages, taxes, claims, actions and suits,
and any and all reasonable costs, expenses and disbursements (including
reasonable legal fees and expenses) of any kind and nature whatsoever
(collectively, "Expenses") which may at any time be imposed on, incurred by,
or asserted against the Owner Trustee or any Indemnified Party in

                                      16
<PAGE>

any way relating to or arising out of this Agreement, the other Basic
Documents, the Owner Trust Estate, the administration of the Owner Trust
Estate or the action or inaction of the Owner Trustee hereunder, except only
that the Depositor shall not be liable for or required to indemnify the Owner
Trustee from and against Expenses arising or resulting from any of the matters
described in the third sentence of Section 6.1. The indemnities contained in
this Section shall survive the resignation or termination of the Owner Trustee
or the termination of this Agreement. If any suit, action, proceeding
(including any governmental or regulatory investigation), claim or demand
shall be brought or asserted against any Indemnified Party in respect of which
indemnity may be sought pursuant to this Section 7.2, such Indemnified Party
shall promptly notify the Depositor in writing, and the Depositor upon request
of the Indemnified Party shall retain counsel reasonably satisfactory to the
Indemnified Party (or, with the consent of the Depositor, counsel selected by
the Indemnified Party acceptable to the Depositor) to represent the
Indemnified Party and any others the Depositor may designate in such
proceeding and shall pay the reasonable fees and expenses of such counsel
related to such proceeding. The Depositor shall not be liable for any
settlement of any claim or proceeding effected without its written consent,
but if settled with such consent or if there be a final judgment for the
plaintiff, the Depositor agrees to indemnify any Indemnified Party from and
against any loss or liability by reason of such settlement or judgment. The
Depositor shall not, without the prior written consent of the Indemnified
Party, effect any settlement of any pending or threatened proceeding in
respect of which any Indemnified Party is or could have been a party and
indemnity could have been sought hereunder by such Indemnified Party, unless
such settlement includes an unconditional release of such Indemnified Party
from all liability on claims that are the subject matter of such proceeding.

         SECTION 7.3. Payments to Owner Trustee. Any amounts paid to the Owner
Trustee pursuant to this Article VII shall be deemed not to be a part of the
Owner Trust Estate immediately after such payment.

                                 ARTICLE VIII.

                        TERMINATION OF TRUST AGREEMENT

         SECTION 8.1. Termination of Trust Agreement. (a) The Owner Trust
shall terminate upon the final distribution by the Owner Trustee of all moneys
or other property or proceeds of the Owner Trust Estate in accordance with the
terms of the Indenture and the Deposit and Administration Agreement; provided,
that in no event will the Owner Trust continue more than 21 years after the
date hereof. Any money or other property held as part of the Owner Trust
Estate following such distribution shall be distributed to the
Certificateholder. The bankruptcy, death, incapacity, liquidation, dissolution
or termination of the Depositor or Certificateholder (or any other
beneficiary) shall not (x) operate to revoke or terminate this Agreement or
the Owner Trust, or (y) entitle the Certificateholder's (or any other
beneficiary) legal representatives to claim an accounting or to take any
action or proceeding in any court for a partition or winding up of all

                                      17
<PAGE>

or any part of the Owner Trust or Owner Trustee Estate or (z) otherwise affect
the rights, obligations and liabilities of the parties hereto.

         (b) Except as provided in Section 8.1(a) or 8.1(c), neither the
Depositor nor the Certificateholder shall be entitled to revoke or terminate
the Owner Trust.

         (c) Except as provided in this Section 8.1(c), neither the Depositor
nor the Certificateholder shall be entitled to revoke or terminate the Owner
Trust or this Agreement. The Depositor and the Owner Trustee acknowledge that
the Indenture Trustee, on behalf of the Noteholders, is a third-party
beneficiary of this Agreement and shall be entitled to enforce the terms of
this Agreement to the same extent as if they were signatories hereto. For so
long as the Notes are outstanding, neither the Owner Trust nor this Agreement
shall be revoked without the prior written consent of the Indenture Trustee.
The Depositor and the Owner Trustee acknowledge that the Indenture Trustee, as
an agent of the Noteholders, maintains a legitimate interest in ensuring that
the Owner Trust is not revoked prior to the fulfillment of the Owner Trust
objectives. In no event may this Agreement be amended without the prior
written consent of the Indenture Trustee if the effect of such amendment is
the revocation or termination of this Owner Trust other than in accordance
with this Section 8.1.

                                  ARTICLE IX.

            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

         SECTION 9.1. Eligibility Requirements for Owner Trustee. The Owner
Trustee shall at all times be a corporation 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) which has a rating of at least Baa3 by Moody's, at
least BBB-by Standard & Poor's and, if rated by Fitch, at least BBB- by Fitch,
or if not rated, otherwise satisfactory to each Note Rating Agency. 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 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 9.2.

         SECTION 9.2. 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

                                      18
<PAGE>

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 9.1 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, then the Administrator may remove the Owner
Trustee. If the Administrator shall remove the Owner Trustee 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 of which shall be delivered to the
successor Owner Trustee, and payment of all fees owed to the outgoing Owner
Trustee shall be made 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 9.3 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 each of the Note Rating
Agencies.

         SECTION 9.3. Successor Owner Trustee. Any successor Owner Trustee
appointed pursuant to Section 9.2 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
the 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.

         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 9.1.

         Upon acceptance of appointment by a successor Owner Trustee pursuant
to this Section, the Administrator shall mail notice of the successor of such
Owner Trustee to the Certificateholder, the Indenture Trustee, the Noteholders
and the Note Rating Agencies. If the

                                      19
<PAGE>

Administrator shall fail to mail such notice within 10 days after acceptance
of appointment by the successor Owner Trustee, the successor Owner Trustee
shall cause such notice to be mailed at the expense of the Administrator.

         SECTION 9.4. 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, provided such corporation shall be eligible pursuant to Section
9.1, 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 further that the Owner Trustee shall mail notice of
such merger or consolidation to the Note Rating Agencies.

         SECTION 9.5. 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 Owner 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 at the expense of the Depositor one or
more Persons approved by the Owner Trustee to act as co-trustee, jointly with
the Owner Trustee, or separate trustee or separate trustees, of all or any
part of the Owner Trust Estate, and to vest in such Person, in such capacity,
such title to the Owner 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 so to do, the Owner
Trustee alone 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 trustee pursuant to Section 9.1 and no notice of
the appointment of any co-trustee or separate trustee shall be required
pursuant to Section 9.3.

         Each separate trustee and co-trustee shall, to the extent permitted
by law, be appointed and act subject to the following provisions and
conditions:

         (i) 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 Owner Trust or any portion thereof in any such jurisdiction)
    shall be exercised and performed singly by such separate trustee or
    co-trustee, but solely at the direction of the Owner Trustee;

                                      20
<PAGE>

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

         (iii) 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 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 trustee.

                                  ARTICLE X.

                                 MISCELLANEOUS

         SECTION 10.1. Supplements and Amendments. This Agreement may be
amended by the Depositor and the Owner Trustee, with prior written notice to
the Note Rating Agencies, without the consent of the Indenture Trustee, any of
the Noteholders or the Certificateholder, to cure any ambiguity or defect, to
correct or supplement any provisions in this Agreement or for the purpose of
adding any provisions to or changing in any manner or eliminating any of the
provisions in this Agreement or of modifying in any manner the rights of the
Noteholders or the Certificateholder; provided, however, that such amendment
will not (i) as evidenced by an Officer's Certificate of the Depositor
addressed and delivered to the Owner Trustee and the Indenture Trustee,
materially and adversely affect the interest of any Noteholder or the Owner
Trust or significantly change any of the Trust's permitted activities as
described in Section 2.3 and (ii) as evidenced by an Opinion of Counsel
addressed and delivered to the Owner Trustee and the Indenture Trustee, cause
the Owner Trust to be classified as an association (or a publicly traded
partnership) taxable as a corporation for federal income tax purposes;
provided,

                                      21
<PAGE>

further, that the Depositor shall deliver written notice of such amendments to
each Note Rating Agency prior to the execution of any such amendment.

         This Agreement may also be amended from time to time by the Depositor
and the Owner Trustee, with prior written notice to the Note Rating Agencies,
with the prior written consent of the Holders of Notes evidencing not less
than a majority of the Outstanding Amount of the Notes for the purpose of
adding any provisions to or changing in any manner or eliminating any of the
provisions of this Agreement or modifying in any manner the rights of the
Noteholders or the Certificateholder; provided that no such amendment shall
(a) increase or reduce in any manner the amount of, or accelerate or delay the
timing of, collections of payments in respect of the Series Certificate or
distributions that shall be required to be made for the benefit of the
Noteholders or the Certificateholder, or (b) reduce the aforesaid percentage
of the Outstanding Amount of the Notes, the Holders of which are required to
consent to any such amendment.

         Promptly after the execution of any amendment or consent, the Owner
Trustee shall furnish written notification of the substance of such amendment
or consent to the Certificateholder, the Indenture Trustee and each of the
Note Rating Agencies.

         It shall not be necessary for the consent of the Noteholders pursuant
to this Section to approve the particular form of any proposed amendment or
consent, but it shall be sufficient if such consent shall approve the
substance thereof.

         Prior to the execution of any amendment to this Agreement, the Owner
Trustee shall be entitled to receive and rely upon an Opinion of Counsel
stating that the execution of such amendment is authorized or permitted by
this Agreement. The Owner Trustee may, but shall not be obligated to, enter
into any such amendment which affects the Owner Trustee's own rights, duties
or immunities under this Agreement or otherwise.

         SECTION 10.2. No Legal Title to Owner Trust Estate in
Certificateholder. The Certificateholder shall not have legal title to any
specific property in the Owner Trust Estate. No transfer, by operation of law
or otherwise, of any right, title or interest of the Certificateholder to and
in its ownership interest in the Owner 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 specific property in
the Owner Trust Estate.

         SECTION 10.3. Limitations on Rights of Others. The provisions of this
Agreement are solely for the benefit of the Owner Trustee, the Depositor, the
Certificateholder and, to the extent expressly provided herein, the Indenture
Trustee, the Administrator and the Noteholders, and nothing in this Agreement,
whether express or implied, shall be construed to give to any other Person any
legal or equitable right, remedy or claim in the Owner Trust Estate or under
or in respect of this Agreement or any covenants, conditions or provisions
contained herein.

                                      22
<PAGE>

         SECTION 10.4. Notices. Unless otherwise expressly specified or
permitted by the terms hereof, all notices shall be in writing and shall be
deemed given upon receipt personally delivered, delivered by overnight courier
or mailed certified mail, return receipt requested and shall be deemed to have
been duly given upon receipt, if to the Owner Trustee, addressed to Wilmington
Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, DE
19890-0001, Attn: Corporate Trust Administration, if to the Depositor,
addressed to, Chase Manhattan Bank USA, National Association, Attn: Patricia
M. Garvey, or, as to each party, at such other address as shall be designated
by such party in a written notice to each other party.

         SECTION 10.5. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction.

         SECTION 10.6. Separate Counterparts. This Agreement may be executed
by the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.

         SECTION 10.7. Successors and Assigns. All covenants and agreements
contained herein shall be binding upon, and inure to the benefit of, the
Depositor, the Owner Trustee and its successors and the Certificateholder and
its successors and permitted assigns, all as herein provided. Any request,
notice, direction, consent, waiver or other instrument or action by the
Certificateholder shall bind the successors and assigns of the
Certificateholder.

         SECTION 10.8. Nonpetition Covenants. Notwithstanding any prior
termination of the Owner Trust or this Agreement, each of the Owner Trustee
(not in its individual capacity) and the Certificateholder, by its acceptance
of the Certificate, covenants and agrees that it shall not at any time with
respect to the Owner Trust or the Master Trust, acquiesce, petition or
otherwise invoke or cause the Owner Trust or the Master Trust to invoke the
process of any court or government authority for the purpose of commencing or
sustaining a case against the Owner Trust or the Master Trust under any
Federal or state bankruptcy, insolvency or similar law or appointing a
receiver, conservator, liquidator, assignee, trustee, custodian, sequestrator
or other similar official of the Owner Trust or the Master Trust or any
substantial part of its property, or ordering the winding up or liquidation of
the affairs of the Owner Trust or the Master Trust; provided, however, that
this Section 10.8 shall not operate to preclude any remedy described in
Article V of the Indenture.

         SECTION 10.9. No Recourse. The Certificateholder by accepting the
Certificate acknowledges that the Certificate does not represent an interest
in or obligation of the Depositor, the Administrator, the Owner Trustee (in
its individual capacity), the Indenture

                                      23
<PAGE>

Trustee or any Affiliate thereof, and no recourse may be had against such
parties or their assets, or against the assets pledged under the Indenture.

         SECTION 10.10. 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 10.11. 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.

         SECTION 10.12. Depositor Payment Obligation. The Depositor shall be
responsible for payment of the Administrator's fees under the Deposit and
Administration Agreement and shall reimburse the Administrator for all
expenses and liabilities of the Administrator incurred thereunder.

         SECTION 10.13. Acceptance of Terms of Agreement. THE RECEIPT AND
ACCEPTANCE OF THE CERTIFICATE BY THE CERTIFICATEHOLDER, WITHOUT ANY SIGNATURE
OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL
ACCEPTANCE BY THE CERTIFICATEHOLDER OF ALL THE TERMS AND PROVISIONS OF THIS
AGREEMENT, AND SHALL CONSTITUTE THE AGREEMENT OF THE OWNER TRUSTEE, ON BEHALF
OF THE OWNER TRUST, THAT THE TERMS AND PROVISIONS OF THIS AGREEMENT SHALL BE
BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE OWNER TRUSTEE AND THE
CERTIFICATEHOLDER.

         SECTION 10.14. Integration of Documents. This Agreement, together
with the Deposit and Administration Agreement, constitutes the entire
agreement of the parties hereto and thereto with respect to the subject matter
hereof and thereof and supersedes all prior agreements relating to the subject
matter hereof and thereof.

                          [Signature Page to Follow]

                                      24
<PAGE>

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

                                             WILMINGTON TRUST COMPANY,
                                              as Owner Trustee

                                             By: /s/ James P. Lawler
                                                -----------------------------
                                                Name:   James P. Lawler
                                                Title:  Vice President

                                             CHASE MANHATTAN BANK USA,
                                               NATIONAL ASSOCIATION,
                                               as Depositor

                                             By: /s/ Patricia M. Garvey
                                                -----------------------------
                                                Name:    Patricia M. Garvey
                                                Title:   Vice President

<PAGE>

                                                                     EXHIBIT A

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THIS CERTIFICATE (OR ANY
INTEREST HEREIN) MAY NOT BE TRANSFERRED BY THE OWNER TO ANY PERSON.

                     CHASE CREDIT CARD OWNER TRUST 2002-3

                               OWNER CERTIFICATE

R-1

(This Certificate does not represent an interest in or obligation of Chase
Manhattan Bank USA, National Association, or any of its affiliates, except to
the extent described below.)

         THIS CERTIFIES THAT Chase Manhattan Bank USA, National Association is
the registered owner of one hundred percent (100%) of the beneficial interest
in the Chase Credit Card Owner Trust 2002-3 (the "Owner Trust") created by
Chase Manhattan Bank USA, National Association, a national banking association
(the "Depositor").

         The Owner Trust was created pursuant to the Chase Credit Card Owner
Trust 2002-3 Trust Agreement dated as of May 30, 2002 (the "Trust Agreement"),
between the Depositor and Wilmington Trust Company, as owner trustee (the
"Owner Trustee"). To the extent not otherwise defined herein, the capitalized
terms used herein have the meanings assigned to them in the Trust Agreement
including, as specified in Section 1.1(a).

         This Certificate is the duly authorized Certificate evidencing the
sole beneficial interest in the Owner Trust (herein called the "Certificate").
This Certificate is issued under and is subject to the terms, provisions and
conditions of the Trust Agreement, to which Trust Agreement the
Certificateholder by virtue of the acceptance hereof assents and by which the
Certificateholder is bound. Three classes of Notes designated as Class A
Floating Rate Asset Backed Notes, Series 2002-3 (the "Class A Notes"), Class B
Floating Rate Asset Backed Notes, Series 2002-3 (the "Class B Notes") and
Class C Floating Rate Asset Backed Notes, Series 2002-3 (the "Class C Notes"
and, together with the Class A Notes and the Class B Notes, the "Notes") will
be issued under the Indenture dated as of May 30, 2002 between Wilmington
Trust Company, not in its individual capacity but solely as Owner Trustee for
the Owner Trust and The Bank of New York, as Indenture Trustee.

         Notwithstanding any prior termination of the Trust Agreement, the
Certificateholder, by its acceptance of this Certificate, covenants and agrees
that it shall not at any time with respect to the Owner Trust, the Depositor
or the Master Trust, acquiesce, petition or otherwise invoke or

                              Exhibit A, Page 1

<PAGE>

cause the Owner Trust, the Depositor or the Master Trust to invoke the process
of any court or government authority for the purpose of commencing or
sustaining a case against the Owner Trust, the Depositor or the Master Trust,
under any Federal or state bankruptcy, insolvency or similar law or appointing
a receiver, conservator, liquidator, assignee, trustee, custodian,
sequestrator or other similar official of the Owner Trust, the Depositor or
the Master Trust, or any substantial part of its property, or ordering the
winding up or liquidation of the affairs of the Owner Trust, the Depositor or
the Master Trust.

         Unless the certificate of authentication hereon shall have been
executed by an authorized officer of the Owner Trustee, by manual signature,
this Certificate shall not entitle the Holder hereof to any benefit under the
Trust Agreement or the Deposit and Administration Agreement or be valid for
any purpose.

         THIS CERTIFICATE 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 OWNER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

         IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Owner Trust
and not in its individual capacity, has caused this Certificate to be duly
executed.

                                        CHASE CREDIT CARD OWNER
                                        TRUST 2002-3

                                        WILMINGTON TRUST COMPANY
                                          Not in its individual capacity
                                          but solely as Owner Trustee for
                                          the Chase Credit Card Owner
                                          Trust 2002-3

Dated:  _________________, _____          By: ___________________________
                                              Name:
                                              Title:

                              Exhibit A, Page 2

<PAGE>

                         CERTIFICATE OF AUTHENTICATION

         This is the Certificate referred to in the within-mentioned Trust
Agreement.

WILMINGTON TRUST COMPANY
not in its individual capacity
but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2002-3

By: ______________________________
         Authorized Signatory

                              Exhibit A, Page 3
<PAGE>

                                                       ANNEX 1 TO EXHIBIT A

Registered Owner and address:

         Chase Manhattan Bank USA, National Association
         500 Stanton Christiana Road, 1st Floor
         Newark, DE 19713

Tax Identification Number: 22-2382028

                         Annex 1 to Exhibit A, Page 1Exhibit 4.11
===============================================================================

                CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,

                        as Depositor and Administrator

                                      and

                     CHASE CREDIT CARD OWNER TRUST 2002-3

                                   as Issuer

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

                                    DEPOSIT

                                      AND

                           ADMINISTRATION AGREEMENT

                           Dated as of May 30, 2002

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

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

<PAGE>

                               TABLE OF CONTENTS

                                   ARTICLE I
                                  DEFINITIONS

SECTION 1.1         Definitions.............................................1
SECTION 1.2         Usage of Terms..........................................1

                                  ARTICLE II
                            DEPOSIT OF CERTIFICATE

SECTION 2.1         Deposit of Certificate and Initial Deposit..............1
SECTION 2.2         Closing.................................................2
SECTION 2.3         Books and Records.......................................2
SECTION 2.4         Holder of the Series Certificate........................3

                                  ARTICLE III
                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

SECTION 3.1         Representations and Warranties of Depositor.............3

                                  ARTICLE IV
                                ADMINISTRATION

SECTION 4.1         Duties as Administrator.................................5
SECTION 4.2         Records................................................12
SECTION 4.3         [Reserved].............................................12
SECTION 4.4         Additional Information To Be Furnished to Issuer.......12
SECTION 4.5         Independence of Administrator..........................12
SECTION 4.6         No Joint Venture.......................................12
SECTION 4.7         Other Activities of Administrator......................12

                                   ARTICLE V
                                  TERMINATION

SECTION 5.1         Term of Agreement; Resignation and Removal
                      of Administrator.....................................13
SECTION 5.2         Action upon Termination, Resignation or Removal........15

                                  ARTICLE VI
                                 MISCELLANEOUS

SECTION 6.1         Notices.................................................15
SECTION 6.2         Amendments..............................................16
SECTION 6.3         Protection of Title to Owner Trust......................17

                                       i
<PAGE>

SECTION 6.4         Successors and Assigns..................................18
SECTION 6.5         GOVERNING LAW...........................................18
SECTION 6.6         Headings................................................18
SECTION 6.7         Counterparts............................................18
SECTION 6.8         Severability............................................18
SECTION 6.9         Not Applicable to Chase Manhattan Bank USA, National
                    Association in Other Capacities.........................18
SECTION 6.10        Limitation of Liability of Owner Trustee, Indenture
                      Trustee and Administrator.............................18
SECTION 6.11        Third-Party Beneficiary.................................19
SECTION 6.12        Nonpetition Covenants...................................19
SECTION 6.13        Liability of Administrator..............................20

Exhibit A           Power of Attorney

                                      ii
<PAGE>

         This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of May 30, 2002
(as amended, supplemented or otherwise modified and in effect from time to
time, this "Agreement"), is made between CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION, a national banking association having its principal executive
offices located at White Clay Center Building 200, Route 273, Newark, Delaware
19711 ("Chase USA," the "Transferor" or the "Depositor" in its respective
capacities as such), and WILMINGTON TRUST COMPANY, not in its individual
capacity but solely as Owner Trustee of Chase Credit Card Owner Trust 2002-3,
a Delaware common law trust, as issuer (the "Issuer").

                            W I T N E S S E T H :

         In consideration of the premises and of the mutual agreements herein
contained, the parties hereto agree as follows:

                                   ARTICLE I

                                  DEFINITIONS

         SECTION 1.1 Definitions. Whenever used in this Agreement, words and
phrases, unless defined herein or the context otherwise requires, shall have
the meanings set forth in the Indenture.

         SECTION 1.2 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 gender; 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 subsequent amendments thereto or 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." All references herein
to Articles, Sections, Subsections and Exhibits are references to Articles,
Sections, Subsections and Exhibits contained in or attached to this Agreement
unless otherwise specified, and each such Exhibit is part of the terms of this
Agreement.

                                  ARTICLE II

                            DEPOSIT OF CERTIFICATE

         SECTION 2.1 Deposit of Certificate and Initial Deposit. (a) In
consideration of the Issuer's delivery of the Notes to and upon the order of
the Depositor, the Depositor does hereby transfer, assign, set-over, pledge
and otherwise convey to the Issuer, without recourse (subject to the
Depositor's obligations herein), all right, title, and interest of the
Depositor in, to and under (i) the Series Certificate, and all money,
instruments, investment property and other property (together with all
earnings, dividends, distributions, income, issues, and profits relating
thereto), distributed or distributable in respect of the Series Certificate
pursuant to the terms of

<PAGE>

the Series Supplement and the Pooling and Servicing Agreement after the
Closing Date and (ii) the initial deposit to the Owner Trust Spread Account in
the amount of $15,000,000 on the Closing Date.

         This Agreement also shall be deemed to be, and hereby is, a security
agreement within the meaning of the UCC, and the conveyance by the Depositor
provided for in this Agreement shall be deemed to be and hereby is a grant by
the Depositor to the Issuer of a security interest in and to all of the
Depositor's right, title and interest, whether now owned or hereafter
acquired, in, to and under all accounts, general intangibles, chattel paper,
instruments, documents, money, deposit accounts, arising from, or relating to
the Series Certificate and the proceeds thereof, to secure the rights of the
Issuer under this Agreement and the obligations of the Depositor hereunder.
The Depositor and the Issuer shall, to the extent consistent with this
Agreement, take such actions as may be necessary to ensure that the security
interest in the Series Certificate created hereunder will be a perfected
security interest of first priority under applicable law and will be
maintained as such throughout the term of this Agreement.

         It is the intention of the Depositor and the Issuer that (a) the
assignment and transfer herein contemplated constitute a sale of the Series
Certificate, conveying good title thereto free and clear of any liens and
encumbrances, from the Depositor to the Issuer and (b) the Series Certificate
not be part of the Depositor's estate in the event of an insolvency of the
Depositor. In the event that such conveyance is deemed to be a pledge to
secure a loan, the Depositor hereby grants to the Issuer a first priority
perfected security interest in all of the Depositor's right, title and
interest in, to and under the Series Certificate, and in all proceeds of the
foregoing, to secure the loan deemed to be made in connection with such pledge
and, in such event, this Agreement shall constitute a security agreement under
applicable law.

         It is the intention of the parties hereto that the transfer of Series
Certificates to the Trust pursuant to this Agreement be subject to, and be
treated in accordance with, the "Asset Backed Securities Facilitation Act,"
Title 6, Chapter 27A of the Delaware Code (the "Delaware Act") and each of the
parties hereto agrees that this Agreement has been entered into by the parties
hereto in express reliance upon the Delaware Act. For purposes of complying
with the requirements of the Delaware Act, each of the parties hereto hereby
agrees that any property, assets or rights purported to be transferred, in
whole or in part, by Chase USA pursuant to this Agreement shall be deemed to
no longer be the property, assets or rights of Chase USA.

         SECTION 2.2 Closing. The sale of the Series Certificate shall take
place on the Closing Date, simultaneously with the closing of the other
transactions contemplated by the Basic Documents. The Series Certificate shall
then be delivered to the Owner Trustee in Delaware and upon receipt thereof
shall then be delivered by the Owner Trustee to the Indenture Trustee.

         SECTION 2.3 Books and Records.

              (a) In connection with the transfer, assignment, set-over,
     pledge and conveyance set forth in Section 2.1, the Depositor agrees to
     record and file, at its own

                                      2
<PAGE>

     expense, any financing statements (and continuation statements with
     respect to such financing statements when applicable) required to be
     filed with respect to the Series Certificate assigned by the Depositor
     hereunder, meeting the requirements of applicable state law in such
     manner and in such jurisdictions as are necessary under applicable law to
     perfect the transfer, assignment, set-over, pledge and conveyance of the
     Series Certificate to the Issuer, and to deliver a file-stamped copy of
     such financing statements or other evidence of such filings to the Issuer
     on or prior to the Closing Date (excluding such continuation and similar
     statements, which shall be delivered promptly after filing).

              (b) In connection with the transfer, assignment, set-over,
     pledge and conveyance hereunder, the Depositor further agrees, at its own
     expense, on or prior to the Closing Date to cause the Master Trust
     Trustee to register the Issuer as the registered owner of the Series
     Certificate.

         SECTION 2.4 Holder of the Series Certificate. For so long as the
Series Certificate is pledged to the Indenture Trustee under the Indenture,
the Indenture Trustee initially shall be deemed to be the holder of the Series
Certificate for all purposes under the Pooling and Servicing Agreement and the
Series Supplement. To the extent the Series Certificate is sold or otherwise
transferred, subject to the provisions of Section 5.4 of the Indenture and
Section 16 of the Series Supplement, to a third-party in connection with the
sale or liquidation of the Owner Trust Estate pursuant to the provisions of
the Indenture, such transferee shall be deemed to be the holder of the Series
Certificate for all purposes under the Pooling and Servicing Agreement and the
Series Supplement.

                                  ARTICLE III

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

         SECTION 3.1 Representations and Warranties of Depositor. The
Depositor makes the following representations and warranties with respect to
the Series Certificate on which the Issuer is deemed to have relied in
acquiring the Series Certificate. Such representations and warranties speak as
of the execution and delivery of this Agreement, but shall survive the
transfer and assignment of the Series Certificate to the Issuer and the pledge
thereof to the Indenture Trustee pursuant to the Indenture.

              (a) Title. It is the intention of the Depositor (i) that the
     transfer contemplated in subsection 2.1(a) herein constitute either (A) a
     sale of the Series Certificate, or (B) a grant of a valid and continuing
     security interest therein from the Depositor to the Issuer which security
     interest is prior to all other Liens and is enforceable against creditors
     and purchasers from the Depositor and (ii) to the extent that the
     Depositor retains any interest in the Series Certificate after the
     transfer contemplated by subsection 2.1(a) herein, that the grant
     contemplated in subsection 2.1(b) herein constitute a grant of a
     perfected security interest therein from the Depositor to the Indenture
     Trustee for the benefit of the Holders of the Notes and that the
     beneficial interest in the title to the Series Certificate not be part of
     the debtor's estate in the event of the filing of a bankruptcy petition
     by or against the Depositor under any bankruptcy law. Other than

                                      3
<PAGE>

     pursuant to this Agreement, the Series Certificate has not been sold,
     transferred, assigned or pledged by the Depositor to any Person.
     Immediately prior to the transfer and assignment herein contemplated, the
     Depositor owned and had good and marketable title to the Series
     Certificate, free and clear of all Liens, claims, rights or encumbrances
     of others and, immediately upon the transfer thereof, the Issuer shall
     have good and marketable title to the Series Certificate, free and clear
     of all liens, claims, rights or encumbrances of others or a first
     priority perfected security interest therein. The Depositor has not
     authorized the filing of and is not aware of any financing statements
     against the Depositor that include a description of collateral covering
     the Series Certificate other than any financing statement relating to the
     security interest granted to the Issuer hereunder or the security
     interest granted by the Issuer to the Indenture Trustee. The Depositor
     has no actual knowledge of any current statutory or other non-consensual
     liens, including any judgment or tax lien filings against the Debtor, to
     which the Series Certificate is subject.

              (b) Certificated Security. The Series Certificate constitutes a
     "certificated security" within the meaning of the applicable UCC.

              (c) Delivery of Series Certificate. The sole original executed
     copy of the Series Certificate has been delivered to the Issuer and has
     been registered in the name of the Issuer. The Series Certificate has no
     marks or notations indicating that it has been pledged, assigned or
     otherwise conveyed to any Person other than the Issuer, provided that the
     Series Certificate with an undated bond power covering the Series
     Certificate, duly executed by the Issuer and endorsed in blank, shall be
     delivered to the Indenture Trustee, and the Indenture Trustee shall
     maintain possession of the Series Certificate for the benefit of the
     Holders of the Notes, subject to the terms of the Indenture.

              (d) No Consents Required. All approvals, authorizations,
     consents, orders or other actions of any Person or of any Governmental
     Authority required in connection with the execution and delivery by the
     Depositor of this Agreement or any other Basic Document, the performance
     by the Depositor of the transactions contemplated by this Agreement or
     any other Basic Document and the fulfillment by the Depositor of the
     terms hereof and thereof have been obtained or have been completed and
     are in full force and effect (other than approvals, authorizations,
     consents, orders and other actions which if not obtained or completed or
     in full force or effect would not have a material adverse effect on the
     Depositor or the Issuer or upon the collectibility of the proceeds from
     the Series Certificate or upon the ability of the Depositor to perform
     its obligations under this Agreement).

              (e) Transfers Comply. Each of (i) the transfer of the Series
     Certificate by the Depositor to the Issuer pursuant to the terms of this
     Agreement, (ii) the pledge of the Series Certificate by the Depositor to
     the Indenture Trustee for the benefit of the Holders of the Notes
     pursuant to the terms of this Agreement, and (iii) the pledge of the
     Series Certificate by the Issuer to the Indenture Trustee pursuant to the
     terms of the Indenture, comply with the provisions of the Pooling and
     Servicing Agreement and the Series Supplement relating to the transfers
     of the Series Certificate.

                                      4
<PAGE>

              (f) All Actions Taken. All actions necessary under the
     applicable UCC in any jurisdiction to be taken (i) to give the Issuer a
     first priority perfected security interest or ownership interest in the
     Series Certificate, and (ii) to give the Indenture Trustee a first
     priority perfected security interest therein (including, without
     limitation, UCC filings with the Delaware Secretary of State), in each
     case subject to any statutory or other non-consensual liens with respect
     to the Series Certificate, have been taken. The Depositor has no actual
     knowledge of any current statutory or other non-consensual liens to which
     the Series Certificate is subject.

                                  ARTICLE IV

                                ADMINISTRATION

         SECTION 4.1 Duties as Administrator.

              (a) Duties with Respect to the Basic Documents. The
     Administrator agrees to perform all its duties as Administrator
     hereunder. The Administrator shall monitor the performance of the Issuer
     and shall advise the Issuer and the Owner Trustee when action is
     necessary to comply with the Issuer's duties under the Indenture or with
     the Owner Trustee's duties under the Trust Agreement. The Administrator
     shall prepare for execution by the Issuer or the Owner Trustee or shall
     cause the preparation by other appropriate persons of all such documents,
     reports, filings, instruments, certificates and opinions as it shall be
     the duty of the Issuer or the Owner Trustee to prepare, file or deliver
     pursuant to the Basic Documents or under applicable law (including tax
     and securities laws). In furtherance of the foregoing, the Administrator
     shall take all appropriate action that it is the duty of the Issuer or
     the Owner Trustee to take pursuant to this Agreement or the Indenture
     including, without limitation, such of the foregoing as are required with
     respect to the following matters under this Agreement and the Indenture
     (references are to sections of the Indenture):

                   (i) the preparation of or obtaining of the documents and
          instruments required for authentication of the Notes, if any, and
          delivery of the same to the Indenture Trustee (Sections 2.2 and
          2.3);

                   (ii) the duty to cause the Note Register to be kept and to
          give the Indenture Trustee notice of any appointment of a new Note
          Registrar and the location, or change in location, of the Note
          Register and the office or offices where Notes may be surrendered
          for registration of transfer or exchange (Section 2.4);

                   (iii) the notification of Noteholders of the final
          principal payment on their Notes (subsection 2.7(h));

                   (iv) the preparation, obtaining or filing of the
          instruments, opinions and certificates and other documents required
          for the release of collateral (Section 2.9);

                                      5
<PAGE>

                   (v) the preparation of Definitive Notes and arranging the
          delivery thereof (Section 2.12);

                   (vi) the duty to cause newly appointed Paying Agents, if
          any, to deliver to the Indenture Trustee the instrument specified in
          the Indenture regarding funds held in trust (Section 2.14);

                   (vii) to select Reference Banks, if necessary, or other
          banks from which quotes are obtained for the purpose of determining
          LIBOR (Section 2.16);

                   (viii) the maintenance of an office or agency in the City
          of New York for registration of transfer or exchange of Notes
          (Section 3.2);

                   (ix) the direction to Paying Agents to pay to the Indenture
          Trustee all sums held in trust by such Paying Agents (Section 3.3);

                   (x) the obtaining and preservation of the Issuer's
          qualification to do business in each jurisdiction in which such
          qualification is or shall be necessary to protect the validity and
          enforceability of the Indenture, the Notes, the Collateral and each
          other instrument and agreement included in the Owner Trust Estate
          (Section 3.4);

                   (xi) the preparation of all supplements, amendments,
          financing statements, continuation statements, if any, instruments
          of further assurance and other instruments, in accordance with
          Section 3.5 of the Indenture, necessary to protect the Owner Trust
          Estate (Section 3.5);

                   (xii) the obtaining of the Opinion of Counsel on the
          Closing Date and the annual delivery of Opinions of Counsel, in
          accordance with Section 3.6 of the Indenture, as to the Owner Trust
          Estate, and the annual delivery of the Officer's Certificate and
          certain other statements, in accordance with Section 3.9 of the
          Indenture, as to compliance with the Indenture (Sections 3.6 and
          3.9);

                   (xiii) the identification to the Indenture Trustee in an
          Officer's Certificate of a Person with whom the Issuer has
          contracted to perform its duties under the Indenture (subsection
          3.7(b));

                   (xiv) the notification of the Indenture Trustee and the
          Note Rating Agencies of a Master Trust Servicer Default pursuant to
          the Pooling and Servicing Agreement and, if such Master Trust
          Servicer Default arises from the failure of the Servicer to perform
          any of its duties under the Pooling and Servicing Agreement, the
          taking of all reasonable steps available to remedy such failure
          (subsection 3.7(d));

                                      6
<PAGE>

                   (xv) the preparation and obtaining of documents and
          instruments required for the release of the Issuer from its
          covenants and agreements under the Indenture (subsection 3.11(b));

                   (xvi) the delivery of notice to the Indenture Trustee of
          each Event of Default and each default by the Depositor under this
          Agreement (Section 3.18);

                   (xvii) the taking of such further acts as may be reasonably
          necessary or proper to carry out more effectively the purpose of the
          Indenture or to compel or secure the performance and observance by
          the Depositor of its obligations under this Agreement (Sections 3.19
          and 5.16);

                   (xviii) the monitoring of the Issuer's obligations as to
          the satisfaction and discharge of the Indenture and the preparation
          of an Officer's Certificate and the obtaining of the Opinion of
          Counsel and the Independent Certificate relating thereto (Section
          4.1);

                   (xix) the compliance with any written directive of the
          Indenture Trustee with respect to the sale of the Owner Trust Estate
          if an Event of Default shall have occurred and be continuing
          (Section 5.4);

                   (xx) providing the Indenture Trustee with the information
          necessary to deliver to each Noteholder such information as may be
          reasonably required to enable such Holder to prepare its United
          States federal and state, local income or franchise tax returns
          (Section 6.6);

                   (xxi) the preparation and delivery of notice to Noteholders
          of the removal of the Indenture Trustee and the appointment of a
          successor Indenture Trustee (Section 6.8);

                   (xxii) the preparation of any written instruments required
          to confirm more fully the authority of any co-trustee or separate
          trustee and any written instruments necessary in connection with the
          resignation or removal of the Indenture Trustee or any co-trustee or
          separate trustee (Sections 6.8 and 6.10);

                   (xxiii) the furnishing of the Indenture Trustee with the
          names and addresses of Noteholders during any period when the
          Indenture Trustee is not the Note Registrar (Section 7.1);

                   (xxiv) the preparation and, after execution by the Issuer,
          the filing with the Commission and any applicable state agencies and
          the Indenture Trustee of documents required to be filed on a
          periodic basis with, and summaries thereof as may be required by
          rules and regulations prescribed by, the Commission and any
          applicable state agencies and the transmission of such summaries, as
          necessary, to the Noteholders (Section 7.4);

                                      7
<PAGE>

                   (xxv) the obtaining of an Officer's Certificate, Opinion of
          Counsel and Independent Certificates, if necessary, for the release
          of the Owner Trust Estate as defined in the Indenture (Sections 8.4
          and 8.5);

                   (xxvi) the preparation of Issuer Orders and Issuer Requests
          and the obtaining of Opinions of Counsel with respect to the
          execution of supplemental indentures and the mailing to the
          Noteholders of notices with respect to such supplemental indentures
          (Sections 9.1 and 9.2);

                   (xxvii) the execution of new Notes conforming to any
          supplemental indenture (Section 9.5);

                   (xxviii) providing the Indenture Trustee with the form of
          notice necessary to deliver the notification of Noteholders of
          redemption of the Notes (Section 10.2);

                   (xxix) the preparation of all Officer's Certificates,
          Opinions of Counsel and Independent Certificates with respect to any
          requests by the Issuer to the Indenture Trustee to take any action
          under the Indenture (Section 11.1(a));

                   (xxx) the preparation and delivery of Officer's
          Certificates and the obtaining of Independent Certificates, if
          necessary, for the release of property from the lien of the
          Indenture (Section 11.1(b));

                   (xxxi) the preparation and delivery to the Noteholders and
          the Indenture Trustee of any agreements with respect to alternate
          payment and notice provisions (Section 11.6); and

                   (xxxii) the recording of the Indenture, if applicable
          (Section 11.15).

              (b) Additional Duties.

                   (i) In addition to the duties of the Administrator set
          forth above, the Administrator shall keep all books and records,
          perform such calculations and shall prepare for execution by the
          Issuer or the Owner Trustee or shall cause the preparation by other
          appropriate persons of all such documents, reports, filings,
          instruments, certificates and opinions as it shall be the duty of
          the Issuer or the Owner Trustee to keep, perform, prepare, file or
          deliver pursuant to any of the Basic Documents and at the request of
          the Owner Trustee shall take all appropriate action that it is the
          duty of the Issuer or the Owner Trustee to take pursuant to the
          Basic Documents. Subject to Section 5 of this Agreement, and in
          accordance with the directions of the Owner Trustee, the
          Administrator shall administer, perform or supervise the performance
          of such other activities in connection with the Owner Trust Estate
          (including the Basic Documents) as are not covered by any of the
          foregoing provisions and as are expressly requested by the Owner
          Trustee and are reasonably within the capability of the
          Administrator.

                                      8
<PAGE>

                   (ii) Notwithstanding anything in this Agreement or the
          other Basic Documents to the contrary, the Administrator shall be
          responsible for promptly notifying the Indenture Trustee in the
          event that any withholding tax is imposed on the Issuer's payments
          (or allocations of income) to a Noteholder. Any such notice shall
          specify the amount of any withholding tax required to be withheld by
          the Owner Trustee pursuant to such provision.

                   (iii) Notwithstanding anything in this Agreement or the
          other Basic Documents to the contrary, the Administrator shall be
          responsible for (A) performance of the duties of the Owner Trustee
          and the Issuer set forth in Sections 2.7, 2.10, 2.11, 2.12, 2.13(d),
          5.16, 6.7, 6.10, and 10.1 of the Indenture with respect to, among
          other things, accounting and reports to the Certificateholder and
          the maintenance of certain accounts and (B) the preparation,
          execution and filing of all documents required by tax and securities
          laws relating to the Issuer.

                   (iv) The Administrator may satisfy its obligations with
          respect to clauses (ii) and (iii) above by retaining, at the expense
          of the Administrator, a firm of independent public accountants (the
          "Accountants") acceptable to the Indenture Trustee which shall
          perform the obligations of the Administrator thereunder.

                   (v) The Administrator shall perform the duties of the
          Administrator specified in Sections 9.2 and 9.3 of the Trust
          Agreement required to be performed in connection with the
          resignation or removal of the Owner Trustee, the duties of the
          Administrator specified in Section 9.5 of the Trust Agreement
          required to be performed in connection with the appointment and
          payment of co-Trustees, and any other duties expressly required to
          be performed by the Administrator under the Trust Agreement.

                   (vi) In carrying out the foregoing duties or any of its
          other obligations under this Agreement, the Administrator may enter
          into transactions with or otherwise deal with any of its Affiliates;
          provided, however, that the terms of any such transactions or
          dealings shall be in accordance with any directions received from
          the Issuer and shall be, in the Administrator's opinion, no less
          favorable to the Issuer than would be available from unaffiliated
          parties.

                   (vii) It is the intention of the parties hereto that the
          Administrator shall, and the Administrator hereby agrees to, execute
          on behalf of the Issuer or the Owner Trustee all such documents,
          reports, filings, instruments, certificates and opinions as it shall
          be the duty of the Issuer or the Owner Trustee to prepare, file or
          deliver pursuant to the Basic Documents. In furtherance thereof, the
          Owner Trustee shall, on behalf of itself and of the Issuer, execute
          and deliver to the Administrator, and to each successor
          Administrator appointed pursuant to the terms hereof, one or more
          powers of attorney substantially in the form of Exhibit A hereto,
          appointing the Administrator the attorney-in-fact of the Owner

                                      9
<PAGE>

          Trustee and the Issuer for the purpose of executing on behalf of the
          Owner Trustee and the Issuer all such documents, reports, filings,
          instruments, certificates and opinions.

              (c) Non-Ministerial Matters. (i) With respect to matters that in
     the reasonable judgment of the Administrator are non-ministerial, the
     Administrator shall not take any action unless within a reasonable time
     before the taking of such action, the Administrator shall have notified
     the Owner Trustee of the proposed action and the Owner Trustee shall not
     have withheld consent or provided an alternative direction. For the
     purpose of the preceding sentence, "non-ministerial matters" shall
     include, without limitation:

          (A) the initiation of any claim or lawsuit by the Issuer and the
     compromise of any action, claim or lawsuit brought by or against the
     Issuer (other than in connection with the collection of the Receivables);

          (B) the amendment, change or modification of the Basic Documents;

          (C) the appointment of successor Note Registrars, successor Paying
     Agents and successor Indenture Trustees pursuant to the Indenture or the
     appointment of successor Administrators or the consent to the assignment
     by the Note Registrar, the Paying Agent or the Indenture Trustee of its
     obligations under the Indenture; and

          (D) the removal of the Indenture Trustee.

                   (ii) Notwithstanding anything to the contrary in this
          Agreement, the Administrator shall not be obligated to, and shall
          not, (x) make any payments to the Noteholders or the
          Certificateholder under the Basic Documents, (y) sell the Owner
          Trust Estate pursuant to the Indenture other than pursuant to a
          written directive of the Indenture Trustee or (z) take any action
          that the Issuer directs the Administrator not to take on its behalf.

              (d) Reports by the Administrator. On or prior to each Transfer
     Date, the Administrator will provide to the Indenture Trustee for the
     Indenture Trustee to forward to each Noteholder of record, and to the
     Owner Trustee, a statement setting forth (to the extent applicable) the
     following information as to the Notes with respect to the related Payment
     Date or the period since the previous Payment Date, as applicable:

                   (i) the amount of the distribution allocable to principal
          of the Notes;

                   (ii) the amount of the distribution allocable to interest
          on or with respect to the Notes;

                   (iii) the aggregate outstanding principal balance of the
          Notes after giving effect to all payments reported under clause (i)
          above on such date; and

                                      10
<PAGE>

                   (iv) the amount, if any, on deposit in the Owner Trust
          Spread Account on such Payment Date, after giving effect to all
          transfers and withdrawals therefrom and all transfers and deposits
          thereto on such Payment Date, and the amount required to be on
          deposit in the Owner Trust Spread Account on such date.

              Each amount set forth pursuant to clauses (i) and (ii) above
     will be expressed as a dollar amount per $1,000 of the initial principal
     balance of the Notes.

              (e) Owner Trust Accounts. The Administrator shall establish and
     maintain, (i) in the name of the Indenture Trustee, for the benefit of
     the Noteholders, an Eligible Deposit Account (the "Note Distribution
     Account"), bearing a designation clearly indicating that the funds
     deposited therein are held for the benefit of the Noteholders. The
     Administrator shall establish and maintain, in the name of the Indenture
     Trustee, for the benefit of the Class C Noteholders (and, to the extent
     expressly provided in the Indenture, the Certificateholder), an Eligible
     Deposit Account (the "Owner Trust Spread Account"), and, together with
     the Note Distribution Account, the "Owner Trust Accounts"), bearing a
     designation clearly indicating that the funds deposited therein are held
     for the benefit of the Class C Noteholders. The Indenture Trustee shall
     possess all right, title and interest in all funds on deposit from time
     to time in the Owner Trust Accounts and in all proceeds thereof. The Note
     Distribution Account shall be under the sole dominion and control of the
     Indenture Trustee for the benefit of the Noteholders. The Owner Trust
     Spread Account shall be under the sole dominion and control of the
     Indenture Trustee for the benefit of the Class C Noteholders (and, to the
     extent expressly provided in the Indenture, the Certificateholder). If,
     at any time, any Owner Trust Account ceases to be an Eligible Deposit
     Account, the Administrator shall notify the Indenture Trustee, and the
     Indenture Trustee upon being notified (or the Administrator on its
     behalf) shall, within 10 Business Days, establish a new Owner Trust
     Account which meets the conditions specified in the definition of
     Eligible Deposit Account, and shall transfer any cash or any investments
     to such new Owner Trust Account. The Indenture Trustee, at the direction
     of the Administrator, shall make withdrawals from the Owner Trust
     Accounts from time to time, in the amounts and for the purposes set forth
     in the Indenture.

              Funds on deposit in the Owner Trust Spread Account shall be
     invested at the direction of the Administrator by the Indenture Trustee
     or the Paying Agent in Permitted Investments. The Indenture Trustee shall
     maintain for the benefit of the Noteholders and the Series
     Certificateholder possession of the negotiable instruments or securities,
     if any, evidencing such Permitted Investments. No Permitted Investment
     shall be disposed of prior to its maturity.

              To the extent so instructed by the Administrator on any Transfer
     Date, the Indenture Trustee or the Paying Agent shall, if the amount on
     deposit in the Owner Trust Spread Account is greater than the Required
     Owner Trust Spread Account Amount for such Transfer Date, pay the amount
     of such excess to the Certificateholder pursuant to the Indenture.

                                      11
<PAGE>

         SECTION 4.2 Records. The Administrator shall maintain appropriate
books of account and records relating to services performed hereunder, which
books of account and records shall be accessible for inspection by the Issuer,
the Owner Trustee, the Indenture Trustee and the Depositor at any time during
normal business hours.

         SECTION 4.3 [Reserved]

         SECTION 4.4 Additional Information To Be Furnished to Issuer. The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request,
including notification of Noteholders pursuant to Section 4.1(a) hereof.

         SECTION 4.5 Independence of Administrator. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not
be subject to the supervision of the Issuer or the Owner Trustee with respect
to the manner in which it accomplishes the performance of its obligations
hereunder. Unless expressly authorized by the Issuer or the Owner Trustee, as
the case may be, the Administrator shall have no authority to act for or
represent the Issuer or the Owner Trustee in any way and shall not otherwise
be deemed an agent of the Issuer or the Owner Trustee.

         SECTION 4.6 No Joint Venture. Nothing contained in this Agreement
shall (i) constitute the Administrator and either of the Issuer or the Owner
Trustee as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of
them any express, implied or apparent authority to incur any obligation or
liability on behalf of the others.

         SECTION 4.7 Other Activities of Administrator.

              (a) Nothing herein shall prevent the Administrator or its
     affiliates from engaging in other businesses or, in its sole discretion,
     from acting in a similar capacity as an administrator for any other
     person or entity even though such person or entity may engage in business
     activities similar to those of the Issuer, the Owner Trustee or the
     Indenture Trustee.

              (b) The Administrator and its affiliates may generally engage in
     any kind of business with any person party to a Basic Document, any of
     its affiliates and any person who may do business with or own securities
     of any such person or any of its affiliates, without any duty to account
     therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

         SECTION 4.8 Net Deposits. As an administrative convenience, so long
as Chase USA is the Administrator and the Certificateholder, the Administrator
will be permitted to make the deposit of amounts with respect to the Series
Certificate for or with respect to any Monthly Period net of distributions to
be made to the Certificateholder with respect to such Monthly Period. The
Administrator, however, will account to the Owner Trustee, the Indenture
Trustee

                                      12
<PAGE>

and the Noteholders as if the amounts paid to the Certificateholder were paid
pursuant to the Indenture.

                                   ARTICLE V

                                  TERMINATION

         SECTION 5.1 Term of Agreement; Resignation and Removal of
Administrator. This Agreement shall continue in force until (i) the
termination of the Issuer and (ii) the satisfaction and discharge of the
Indenture in accordance with Section 4.1 of the Indenture, upon which event
this Agreement shall automatically terminate.

              (a) Subject to subsections 5.1(d) and (e), the Administrator may
     resign its duties hereunder by providing the Issuer and the Owner Trustee
     with at least 60 days' prior written notice.

              (b) Subject to subsections 5.1(d) and (e), the Issuer may remove
     the Administrator without cause by providing the Administrator with at
     least 60 days' prior written notice; provided however, that if any Notes
     are outstanding at the time of the removal, the Rating Agency Condition
     shall have first been satisfied in connection with such removal.

              (c) Subject to subsections 5.1(d) and (e), at the sole option of
     the Issuer, the Administrator may be removed immediately upon written
     notice of termination from the Issuer to the Administrator if any of the
     following events shall occur:

                   (i) the Administrator shall default in the performance of
          any of its duties under this Agreement and, after notice of such
          default, shall not cure such default within 10 days (or, if such
          default cannot be cured in such time, shall not give within ten days
          such assurance of cure as shall be reasonably satisfactory to the
          Issuer);

                   (ii) a court having jurisdiction in the premises shall
          enter a decree or order for relief, and such decree or order shall
          not have been vacated within 60 days, in respect of the
          Administrator in any involuntary case under any applicable
          bankruptcy, insolvency or other similar law now or hereafter in
          effect or appoint a receiver, liquidator, assignee, custodian,
          trustee, sequestrator or similar official for the Administrator or
          any substantial part of its property or order the winding-up or
          liquidation of its affairs; or

                   (iii) the Administrator shall commence a voluntary case
          under any applicable bankruptcy, insolvency or other similar law now
          or hereafter in effect, shall consent to the entry of an order for
          relief in an involuntary case under any such law, or shall consent
          to the appointment of a receiver, liquidator, assignee, trustee,
          custodian, sequestrator or similar official for the Administrator or
          any substantial part of its property, shall consent to the taking of
          possession by

                                      13
<PAGE>

          any such official of any substantial part of its property, shall
          make any general assignment for the benefit of creditors or shall
          fail generally to pay its debts as they become due.

              The Administrator agrees that if any of the events specified in
     clause (ii) or (iii) of this subsection 5.1(c) shall occur, it shall give
     written notice thereof to the Issuer, the Owner Trustee and the Indenture
     Trustee within seven days after the happening of such event.

              (d) No resignation or removal of the Administrator pursuant to
     this Section shall be effective until (i) a successor Administrator shall
     have been appointed by the Issuer and (ii) such successor Administrator
     shall have agreed in writing to be bound by the terms of this Agreement
     in the same manner as the Administrator is bound hereunder.

              (e) The appointment of any successor Administrator shall be
     effective only after the satisfaction of the Rating Agency Condition with
     respect thereto.

              (f) A successor Administrator shall execute, acknowledge and
     deliver a written acceptance of its appointment hereunder to the
     resigning Administrator and to the Issuer. Thereupon the resignation or
     removal of the resigning Administrator shall become effective, and the
     successor Administrator shall have all the rights, powers and duties of
     the Administrator under the Indenture. The successor Administrator shall
     mail a notice of its succession to the Noteholders and the
     Certificateholder. The resigning Administrator shall promptly transfer or
     cause to be transferred all property and any related agreements,
     documents and statements held by it as Administrator to the successor
     Administrator and the resigning Administrator shall execute and deliver
     such instruments and do other things as may reasonably be required for
     fully and certainly vesting in the successor Administrator all rights,
     powers, duties and obligations hereunder.

              (g) In no event shall a resigning Administrator be liable for
     the acts or omissions of any successor Administrator hereunder.

              (h) In the exercise or administration of its duties hereunder
     and under the other Basic Documents, the Administrator may act directly
     or through its agents or attorneys pursuant to agreements entered into
     with any of them, and the Administrator shall not be liable for the
     conduct or misconduct of such agents or attorneys if such agents or
     attorneys shall have been selected by the Administrator with due care.

         SECTION 5.2 Action upon Termination, Resignation or Removal. Promptly
upon the effective date of termination of this Agreement pursuant to
subsection 5.1(a) or the resignation or removal of the Administrator pursuant
to subsection 5.1(b) or (c), respectively, the Administrator shall be
entitled to be paid all fees and reimbursable expenses accruing to it to the
date of such termination, resignation or removal. The Administrator shall
forthwith upon termination pursuant to subsection 5.1(a) deliver to the Issuer
all property and documents of or relating to the Collateral then in the
custody of the Administrator. In the event of the resignation or removal of
the Administrator pursuant to subsection 5.1(b) or (c), respectively, the

                                      14
<PAGE>

Administrator shall cooperate with the Issuer and take all reasonable steps
requested to assist the Issuer in making an orderly transfer of the duties of
the Administrator.

         SECTION 5.3 Acquisition of Owner Trust Estate. If Chase USA exercises
its option to accept retransfer of the Series Certificate pursuant to Section
4 of the Series Supplement, the Depositor shall (a) acquire the Series
Certificate and all rights related thereto, which acquisition shall be
effective as of the date on which such retransfer occurs, (b) deliver notice
of such acquisition to the Indenture Trustee on or prior to the related
Transfer Date, (c) deposit, on its own behalf and on behalf of the Issuer
pursuant to Section 10.1 of the Indenture, in the Note Distribution Account on
or prior to the related Transfer Date, an amount equal to the Redemption Price
and (d) succeed to all interests in and to the Issuer.

                                  ARTICLE VI

                                 MISCELLANEOUS

         SECTION 6.1 Notices. Any notice, report or other communication given
hereunder shall be in writing and addressed as follows:

         if to the Issuer or the Owner Trustee, to

              Chase Credit Card Owner Trust 2002-3
              c/o Wilmington Trust Company
              Rodney Square North
              Wilmington, DE 19890-0001
              Attention: Corporate Trust Administration

         with a copy to:

              Richards, Layton & Finger
              One Rodney Square
              Wilmington, DE 19899
              Attention: Eric Mazie

         if to the Administrator, to

              Chase Manhattan Bank USA, National Association
              500 Stanton Christiana Road, Floor 1
              Newark, DE  19713
              Attention: Patricia M. Garvey

         if to the Indenture Trustee, to

              The Bank of New York
              5 Penn Plaza, 16th Floor
              New York, NY 10001
              Attention: Corporate Trust Administration

                                      15
<PAGE>

or to such other address as any party shall have provided to the other parties
in writing. Any notice required to be in writing hereunder shall be deemed
given if such notice is mailed by certified mail, postage prepaid, or
hand-delivered to the address of such party as provided above, except that
notices to the Indenture Trustee are effective only upon receipt.

         SECTION 6.2 Amendments. This Agreement may be amended from time to
time by a written amendment duly executed and delivered by the Issuer, the
Administrator and the Depositor, with the written consent of the Indenture
Trustee and without the consent of the Noteholders or the Certificateholder,
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 Certificateholder; provided,
however, that a copy thereof shall have been delivered to the Note Rating
Agencies and that such amendment will not (i) as evidenced by an Officer's
Certificate of the Depositor addressed and delivered to the Owner Trustee and
the Indenture Trustee, materially and adversely affect the interests of any
Noteholder or the Certificateholder or significantly change the purposes and
activities of the Issuer and (ii) as evidenced by an Opinion of Counsel
addressed to the Owner Trustee and the Indenture Trustee, cause the Issuer to
be classified as an association (or a publicly traded partnership) taxable as
a corporation for federal income tax purposes. This Agreement may also be
amended by the Issuer, the Administrator and the Depositor with the written
consent of the Indenture Trustee and the Holders of Notes evidencing a
majority in the Outstanding Amount of the Notes 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 Noteholders or
the Certificateholder; provided, however, that, a copy thereof shall have been
delivered to the Note Rating Agencies and that without the consent of the
holders of all of the Notes then Outstanding, 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 Series Certificate or distributions
that are required to be made for the benefit of the Noteholders or (ii) reduce
the aforesaid percentage of the Holders of Notes which are required to consent
to any such amendment, without the consent of the Holders of all the
Outstanding Notes.

         It shall not be necessary for the consent of Noteholders pursuant to
this Section to approve the particular form of any proposed amendment or
consent, but it shall be sufficient if such consent shall approve the
substance thereof.

         SECTION 6.3 Protection of Title to Owner Trust.

              (a) The Depositor shall take all actions necessary and the
     Issuer shall cooperate with the Depositor, if applicable, to perfect, and
     maintain perfection of, the interests of the Issuer in the Series
     Certificate. The Depositor shall execute and file and cause to be
     executed and filed such financing statements and continuation statements,
     all in such manner and in such places as may be required by law fully to
     perfect, maintain, and protect the interest of the Issuer in the Series
     Certificate and in the proceeds thereof and the interest of the Indenture
     Trustee in the Owner Trust Estate and the proceeds thereof. The Depositor
     shall deliver (or cause to be delivered) to the Owner Trustee and the
     Indenture Trustee file-stamped copies of, or filing receipts for, any
     document filed as provided above, as soon as available following such
     filing.

                                      16
<PAGE>

              (b) The Depositor shall not change its name, identity or
     corporate structure in any manner that would, could or might make any
     financing statement or continuation statement filed in accordance with
     paragraph (a) above or otherwise seriously misleading within the meaning
     of 9-402(7) of the UCC (regardless of whether such a filing was ever
     made), unless it shall have given the Owner Trustee and the Indenture
     Trustee at least five days' prior written notice thereof and, if
     applicable, shall have timely filed appropriate amendments to any and all
     previously filed financing statements or continuation statements (so that
     the interest of the Issuer or the Indenture Trustee is not adversely
     affected).

              (c) Each of the Depositor and the Administrator shall have an
     obligation to give the Owner Trustee and the Indenture Trustee at least
     60 days' prior written notice of any relocation of its principal
     executive office if, as a result of such relocation, the applicable
     provisions of the UCC would require the filing of any amendment of any
     previously filed financing or continuation statement or of any new
     financing statement (regardless of whether such a filing was ever made)
     and shall promptly, if applicable, file any such amendment.

              (d) The Administrator shall permit the Indenture Trustee and its
     agents at any time following reasonable notice and during normal business
     hours to inspect, audit and make copies of and abstracts from the
     Administrator's records regarding the Series Certificate.

              (e) The Administrator shall, to the extent required by
     applicable law, cause the Notes to be registered with the Commission
     pursuant to Section 12(b) or Section 12(g) of the Exchange Act within the
     time periods specified in such sections.

         SECTION 6.4 Successors and Assigns. This Agreement may not be
assigned by the Administrator unless such assignment is previously consented
to in writing by the Issuer and the Owner Trustee and subject to satisfaction
of the Rating Agency Condition with respect thereto. An assignment with such
consent and satisfaction, if accepted by the assignee, shall bind the assignee
hereunder in the same manner as the Administrator is bound hereunder.
Notwithstanding the foregoing, this Agreement may be assigned by the
Administrator without the consent of the Issuer or the Owner Trustee to a
corporation or other organization that is a successor (by merger,
consolidation or purchase of assets) to the Administrator, provided that such
successor organization executes and delivers to the Issuer, the Owner Trustee
and the Indenture Trustee an agreement in which such corporation or other
organization agrees to be bound hereunder by the terms of said assignment in
the same manner as the Administrator is bound hereunder. Subject to the
foregoing, this Agreement shall bind any successors or assigns of the parties
hereto.

         SECTION 6.5 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.

                                      17
<PAGE>

         SECTION 6.6 Headings. The section headings hereof have been inserted
for convenience of reference only and shall not be construed to affect the
meaning, construction or effect of this Agreement.

         SECTION 6.7 Counterparts. This Agreement may be executed in
counterparts, each of which when so executed shall together constitute but one
and the same agreement.

         SECTION 6.8 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in
any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

         SECTION 6.9 Not Applicable to Chase Manhattan Bank USA, National
Association in Other Capacities. Nothing in this Agreement shall affect any
obligation Chase Manhattan Bank USA, National Association may have in any
other capacity.

         SECTION 6.10 Limitation of Liability of Owner Trustee, Indenture
Trustee and Administrator.

              (a) Notwithstanding anything contained herein to the contrary,
     this instrument has been signed by Wilmington Trust Company not in its
     individual capacity but solely as Owner Trustee for the Chase Credit Card
     Owner Trust 2002-3 and in no event shall Wilmington Trust Company in its
     individual capacity or any beneficial owner of the Issuer have any
     liability for the representations, warranties, covenants, agreements or
     other obligations of the Issuer hereunder, as to all of which recourse
     shall be had solely to the assets of the Issuer.

              (b) Notwithstanding anything contained herein to the contrary,
     this Agreement has been signed by The Bank of New York, not in its
     individual capacity but solely as Indenture Trustee, and in no event
     shall The Bank of New York have any liability for the representations,
     warranties, covenants, agreements or other obligations of the Issuer
     hereunder or in any of the certificates, notices or agreements delivered
     pursuant hereto, as to all of which recourse shall be had solely to the
     assets of the Issuer.

              (c) No recourse under any obligation, covenant or agreement of
     the Issuer contained in this Agreement shall be had against any agent of
     the Issuer (including the Administrator) as such by the enforcement of
     any assessment or by any legal or equitable proceeding, by virtue of any
     statute or otherwise; it being expressly agreed and understood that this
     Agreement is solely an obligation of the Issuer as a Delaware common law
     trust, and that no personal liability whatever shall attach to or be
     incurred by any agent of the Issuer (including the Administrator), as
     such, under or by reason of any of the obligations, covenants or
     agreements of the Issuer contained in this Agreement, or implied
     therefrom, and that any and all personal liability for breaches by the
     Issuer of any such obligations, covenants or agreements, either at common
     law or at equity, or by statute or constitution, of every such agent is
     hereby expressly waived as a condition of and in consideration for the
     execution of this Agreement.

                                      18
<PAGE>

         SECTION 6.11 Third-Party Beneficiary. Each of the Owner Trustee and
the Indenture Trustee is a third-party beneficiary to this Agreement and is
entitled to the rights and benefits hereunder and may enforce the provisions
hereof as if it were a party hereto. The Administrator agrees to compensate
and indemnify the Indenture Trustee pursuant to Section 6.7 of the Indenture.

         SECTION 6.12 Nonpetition Covenants.

              (a) Notwithstanding any prior termination of this Agreement, the
     Depositor shall not at any time with respect to the Issuer or the Master
     Trust, acquiesce, petition or otherwise invoke or cause the Issuer or the
     Master Trust to invoke the process of any court or government authority
     for the purpose of commencing or sustaining a case against the Issuer or
     the Master Trust under any Federal or state bankruptcy, insolvency or
     similar law or appointing a receiver, conservator, liquidator, assignee,
     trustee, custodian, sequestrator or other similar official of the Issuer
     or the Master Trust or any substantial part of its property, or ordering
     the winding up or liquidation of the affairs of the Issuer or the Master
     Trust; provided, however, that this subsection 6.12(a) shall not operate
     to preclude any remedy described in Article V of the Indenture.

              (b) Notwithstanding any prior termination of this Agreement, the
     Issuer shall not at any time with respect to the Master Trust, acquiesce,
     petition or otherwise invoke or cause the Master Trust to invoke the
     process of any court or government authority for the purpose of
     commencing or sustaining a case against the Master Trust under any
     Federal or state bankruptcy, insolvency or similar law or appointing a
     receiver, conservator, liquidator, assignee, trustee, custodian,
     sequestrator or other similar official of the Master Trust or any
     substantial part of its property, or ordering the winding up or
     liquidation of the affairs of the Master Trust; provided, however, that
     this subsection 6.12(b) shall not operate to preclude any remedy
     described in Article V of the Indenture.

         SECTION 6.13 Liability of Administrator. Notwithstanding any
provision of this Agreement, the Administrator shall not have any obligations
under this Agreement other than those specifically set forth herein, and no
implied obligations of the Administrator shall be read into this Agreement.
Neither the Administrator nor any of its directors, officers, agents or
employees shall be liable for any action taken or omitted to be taken in good
faith by it or them under or in connection with this Agreement, except for its
or their own gross negligence or willful misconduct and in no event shall the
Administrator be liable under or in connection with this Agreement for
indirect, special, or consequential losses or damages of any kind, including
lost profits, even if advised of the possibility thereof and regardless of the
form of action by which such losses or damages may be claimed. Without
limiting the foregoing, the Administrator may (a) consult with legal counsel
(including counsel for the Issuer), independent public accountants and other
experts selected by it and shall not be liable for any action taken or omitted
to be taken in good faith by it in accordance with the advice of such counsel,
accountants or experts and (b) shall incur no liability under or in respect of
this Agreement by acting upon any notice (including notice by telephone),
consent, certificate or other instrument or writing

                                      19
<PAGE>

(which may be by facsimile) believed by it to be genuine and signed or sent by
the proper party or parties.

                                      20
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

                                   WILMINGTON TRUST COMPANY
                                   not in its individual capacity but solely
                                   as Owner Trustee for:
                                   CHASE CREDIT CARD OWNER TRUST
                                   2002-3

                                   By: /s/James P. Lawler
                                       -------------------------
                                       Name: James P. Lawler
                                       Title:  Vice President

                                   CHASE MANHATTAN BANK USA,
                                     NATIONAL ASSOCIATION
                                   as Administrator

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

                                   Acknowledged and Agreed:
                                   THE BANK OF NEW YORK
                                   not in its individual capacity but solely
                                   as Indenture Trustee

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

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

                                   WILMINGTON TRUST COMPANY
                                   not in its individual capacity but solely
                                   as Owner Trustee for:
                                   CHASE CREDIT CARD OWNER TRUST
                                   2002-3

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

                                   CHASE MANHATTAN BANK USA,
                                     NATIONAL ASSOCIATION
                                   as Administrator

                                   By: /s/Patricia M. Garvey
                                       ------------------------
                                       Name: Patricia M. Garvey
                                       Title: Vice President

                                   Acknowledged and Agreed:
                                   THE BANK OF NEW YORK
                                   not in its individual capacity but solely
                                   as Indenture Trustee

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

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

                                   WILMINGTON TRUST COMPANY
                                   not in its individual capacity but solely
                                   as Owner Trustee for:
                                   CHASE CREDIT CARD OWNER TRUST
                                   2002-3

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

                                   CHASE MANHATTAN BANK USA,
                                     NATIONAL ASSOCIATION
                                   as Administrator

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

                                   Acknowledged and Agreed:
                                   THE BANK OF NEW YORK
                                   not in its individual capacity but solely
                                   as Indenture Trustee

                                   By: /s/Daniel Rothman
                                       ------------------------
                                       Name: Daniel Rothman
                                       Title: Assistant Treasurer

                                      21
<PAGE>
                                                                      EXHIBIT A
                                                    [Form of Power of Attorney]

                               POWER OF ATTORNEY

STATE OF NEW YORK   )
                    )
COUNTY OF NEW YORK  )

          KNOW ALL MEN BY THESE PRESENTS, that WILMINGTON TRUST COMPANY, a
Delaware banking corporation, not in its individual capacity but solely as
owner trustee ("Owner Trustee") for the Chase Credit Card Owner Trust 2002-3
("Trust"), does hereby make, constitute and appoint CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION as Administrator under the Administration Agreement (as
defined below), and its agents and attorneys, as Attorneys-in-Fact to execute
on behalf of the Owner Trustee or the Trust all such documents, reports,
filings, instruments, certificates and opinions as it shall be the duty of the
Owner Trustee or the Trust to prepare, file or deliver pursuant to the Basic
Documents (as defined in the Indenture dated as of May 30, 2002 between the
Trust and the Bank of New York, as Indenture Trustee), including, without
limitation, to appear for and represent the Owner Trustee and the Trust in
connection with the preparation, filing and audit of federal, state and local
tax returns pertaining to the Trust, and with full power to perform any and
all acts associated with such returns and audits that the Owner Trustee could
perform, including without limitation, the right to distribute and receive
confidential information, defend and assert positions in response to audits,
initiate and defend litigation, and to execute waivers of restriction on
assessments of deficiencies, consents to the extension of any statutory or
regulatory time limit, and settlements. For the purpose of this Power of
Attorney, the term "Administration Agreement" means the Deposit and
Administration Agreement dated as of May 30, 2002 among Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Trust and Chase Manhattan Bank USA, National Association, as Administrator,
and acknowledged and agreed by The Bank of New York, as Indenture Trustee, as
such may be amended from time to time.

          All powers of attorney for this purpose heretofore filed or executed
by the Owner Trustee are hereby revoked.

          EXECUTED this 30th day of May, 2002.

                                                WILMINGTON TRUST COMPANY
                                                not in its individual capacity
                                                but solely as Owner Trustee
                                                for the Chase Credit Card
                                                Owner Trust 2002-3

                                                By: _______________________
                                                    Name:
                                                    Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]