Document:

Execution Copy

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                          CNH EQUIPMENT TRUST 2003-A

                             NH PURCHASE AGREEMENT

                                    between

                        New Holland Credit Company, LLC

                                      and

                         CNH Capital Receivables Inc.

                            Dated as of May 1, 2003

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                              TABLE OF CONTENTS
                              -----------------
                                                                          Page

ARTICLE I   CERTAIN DEFINITIONS.............................................2

    SECTION 1.1   Definitions...............................................2
    SECTION 1.2   Other Definitional Provisions.............................2

ARTICLE II  CONVEYANCE OF NH RECEIVABLES....................................2

    SECTION 2.1   Conveyance of NH Purchased Contracts......................2
    SECTION 2.2   Conveyance of Subsequent NH Receivables...................3
    SECTION 2.3   Intention of the Parties..................................4
    SECTION 2.4   The Closing...............................................4
    SECTION 2.5   Payment of the Purchase Price.............................4

ARTICLE III  REPRESENTATIONS AND WARRANTIES.................................5

    SECTION 3.1   Representations and Warranties of CNHCR...................5
    SECTION 3.2   Representations and Warranties of NH Credit...............6

ARTICLE IV   CONDITIONS....................................................11

    SECTION 4.1   Conditions to Obligation of CNHCR........................11
    SECTION 4.2   Conditions to Obligation of NH Credit....................13

ARTICLE V    COVENANTS OF NH CREDIT........................................13

    SECTION 5.1   Protection of Right, Title and Interest..................13
    SECTION 5.2   Other Liens or Interests.................................14
    SECTION 5.3   Chief Executive Office...................................14
    SECTION 5.4   Costs and Expenses.......................................14
    SECTION 5.5   Indemnification..........................................14
    SECTION 5.6   Transfer of Subsequent NH Receivables....................15

ARTICLE VI   MISCELLANEOUS PROVISIONS......................................15

    SECTION 6.1   Obligations of NH Credit.................................15
    SECTION 6.2   Repurchase Events........................................15
    SECTION 6.3   CNHCR Assignment of Repurchased Receivables..............15
    SECTION 6.4   Trust....................................................15
    SECTION 6.5   Amendment................................................16
    SECTION 6.6   Accountants' Letters.....................................16
    SECTION 6.7   Waivers..................................................16
    SECTION 6.8   Notices..................................................16
    SECTION 6.9   Costs and Expenses.......................................17
    SECTION 6.10  Representations of NH Credit and CNHCR...................17
    SECTION 6.11  Confidential Information.................................17
    SECTION 6.12  Headings and Cross-References............................17
    SECTION 6.13  Governing Law............................................17
    SECTION 6.14  Counterparts.............................................17
    SECTION 6.15  Severability.............................................18
                                    EXHIBITS
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EXHIBIT A         Form of NH Assignment
EXHIBIT B         Form of NH Subsequent Transfer Assignment

                                   SCHEDULES

SCHEDULE P      Perfection Representations and Warranties

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         NH PURCHASE AGREEMENT (as amended or supplemented from time to time,
this "Agreement") dated as of May 1, 2003 between NEW HOLLAND CREDIT COMPANY,
LLC, a Delaware limited liability company ("NH Credit"), and CNH CAPITAL
RECEIVABLES INC., a Delaware corporation ("CNHCR").

                                   RECITALS

         WHEREAS, in the regular course of its business, NH Credit purchases,
directly and indirectly, from equipment dealers and brokers, and directly
originates, Contracts; and

         WHEREAS, NH Credit and CNHCR wish to set forth the terms pursuant to
which: (1) Contracts having an aggregate Contract Value of approximately
$90,019,215.56 (the "NH Purchased Contracts") as of Initial Cutoff Date and NH
Credit's right, title and interest in any True Lease Equipment related to such
Contracts are to be sold by NH Credit to CNHCR on the date hereof and (2)
certain Subsequent NH Receivables and NH Credit's right, title and interest in
any True Lease Equipment related to such Subsequent NH Receivables are to be
sold by NH Credit to CNHCR from time to time on each Subsequent Transfer Date;
and

         WHEREAS, CNHCR as of the Initial Cutoff Date, owned Contracts
previously purchased from NH Credit pursuant to a Receivables Purchase
Agreement dated as of December 15, 2000 (as amended from time to time, the "NH
Liquidity Receivables Purchase Agreement"), between NH Credit and CNHCR,
having an aggregate Contract Value of approximately $187,920,918.09 (the "NH
Owned Contracts", and together with the NH Purchased Contracts, the "Initial
NH Receivables"); and

         WHEREAS, the Initial NH Receivables and the Subsequent NH Receivables
(collectively, the "NH Receivables"), the Case Receivables and any True Lease
Equipment related to such NH Receivables or Case Receivables will be
transferred by CNHCR, pursuant to the Sale and Servicing Agreement, to CNH
Equipment Trust 2003-A (the "Trust"), which Trust will issue Asset Backed
Certificates representing non-assessable, fully paid, fractional undivided
interests in, and 1.26250% Class A-1 Asset Backed Notes, 1.46000% Class A-2
Asset Backed Notes, Floating Rate Class A-3a Asset Backed Notes, 1.89000%
Class A-3b Asset Backed Notes, Floating Rate Class A-4a Asset Backed Notes,
2.57000% Class A-4b Asset Backed Notes and 3.13000% Class B Asset Backed Notes
collateralized by, the Receivables and the other property of the Trust; and

         WHEREAS, NH Credit and CNHCR wish to set forth herein certain
representations, warranties, covenants and indemnities of NH Credit with
respect to the NH Receivables for the benefit of CNHCR, the Trust, the
Noteholders, any Counterparty and the Certificateholders.

         NOW, THEREFORE, in consideration of the foregoing, other good and
valuable consideration and the mutual terms and covenants contained herein the
parties hereto agree as follows:

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                                   ARTICLE I
                              CERTAIN DEFINITIONS

         SECTION 1.1 Definitions. Capitalized terms used herein and not
otherwise defined herein are defined in Appendix A to the Indenture dated as
of the date hereof between CNH Equipment Trust 2003-A and JPMorgan Chase Bank,
as Indenture Trustee.

         SECTION 1.2 Other Definitional Provisions. (a) 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.

         (b)......As used in this Agreement and in any certificate or other
document made or delivered pursuant hereto, 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 as in effect on the
date hereof. 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.

         (c)......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, Schedule
and Exhibit references contained in this Agreement are references to Sections,
Schedules and Exhibits in or to this Agreement unless otherwise specified; and
the term "including" shall mean "including, without limitation,".

         (d)......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
                         Conveyance of NH Receivables

         SECTION 2.1 Conveyance of NH Purchased Contracts. In consideration of
CNHCR's payment of $277,940,133.65 (the "Initial NH Purchase Price") in the
manner set out in Section 2.5(a), NH Credit does hereby sell, transfer,
assign, set over and otherwise convey to CNHCR, without recourse (subject to
the obligations herein), all of its right, title, interest and, with respect
to any Contracts that are Leases, obligations in, to and under (collectively,
the "Initial NH Assets"):

                  (i) the NH Purchased Contracts, including all documents
         constituting chattel paper included therewith, and all obligations of
         the Obligors thereunder, including all moneys paid thereunder on or
         after the Initial Cutoff Date;

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                  (ii) the security interests in the Financed Equipment
         granted by Obligors pursuant to the NH Purchased Contracts and any
         other interest of NH Credit in such Financed Equipment;

                  (iii) any proceeds with respect to the NH Purchased
         Contracts from claims on insurance policies covering Financed
         Equipment or Obligors;

                  (iv) any proceeds from recourse to Dealers with respect to
         the NH Purchased Contracts other than any interest in the Dealers'
         reserve accounts maintained with NH Credit;

                  (v) any Financed Equipment that shall have secured the NH
         Purchased Contracts and that shall have been acquired by or on behalf
         of CNHCR;

                  (vi) any True Lease Equipment that is subject to any NH
         Purchased Contract; and

                  (vii) the proceeds of any and all of the foregoing.

         SECTION 2.2 Conveyance of Subsequent NH Receivables. Subject to the
conditions set forth in Section 4.1(b), in consideration of CNHCR's delivery
on the related Subsequent Transfer Date to or upon the order of NH Credit of
the related Subsequent NH Purchase Price pursuant to Section 2.5, NH Credit
does hereby sell, transfer, assign, set over and otherwise convey to CNHCR,
without recourse (subject to the obligations herein), all of its right, title,
interest and, with respect to any Contracts that are Leases, obligations in,
to and under (collectively, the "Subsequent NH Assets"; and together with the
Initial NH Assets, the "NH Assets"):

                  (i) the Subsequent NH Receivables listed on Schedule A to
         the related NH Subsequent Transfer Assignment, including all
         documents constituting chattel paper included therewith, and all
         obligations of the Obligors thereunder, including all moneys paid
         thereunder on or after the related Subsequent Cutoff Date;

                  (ii) the security interests in the Financed Equipment
         granted by Obligors pursuant to such Subsequent NH Receivables and
         any other interest of NH Credit in such Financed Equipment;

                  (iii) any proceeds with respect to such Subsequent NH
         Receivables from claims on insurance policies covering Financed
         Equipment or Obligors;

                  (iv) any proceeds with respect to such Subsequent NH
         Receivables from recourse to Dealers other than any interest in the
         Dealers' reserve accounts maintained with NH Credit;

                  (v) any Financed Equipment that shall have secured any such
         Subsequent NH Receivable and that shall have been acquired by or on
         behalf of CNHCR;

                  (vi) any True Lease Equipment that is subject to any
         Subsequent NH Receivable; and

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                  (vii) the proceeds of any and all of the foregoing.

         SECTION 2.3 Intention of the Parties. The parties to this Agreement
intend that the transactions contemplated hereby shall be, and shall be
treated as, a purchase by CNHCR and a sale by NH Credit of the NH Purchased
Contracts and the Subsequent NH Receivables and any True Lease Equipment, in
each case, related thereto, as the case may be, and not as a lending
transaction, so that in the event of a filing of a petition for relief by or
against NH Credit under the Bankruptcy Code, (i) such NH Purchased Contracts,
Subsequent NH Receivables and True Lease Equipment would not be property of NH
Credit's bankruptcy estate under Section 541 of the Bankruptcy Code, (ii) the
bankruptcy court would not compel the turnover of such NH Purchased Contracts,
Subsequent NH Receivables and True Lease Equipment by CNHCR to NH Credit under
Section 542 of the Bankruptcy Code, and (iii) the bankruptcy court would
determine that payments on the NH Purchased Contracts, Subsequent NH
Receivables and True Lease Equipment not in the possession of NH Credit would
not be subject to the automatic stay provisions of Section 362(a) of the
Bankruptcy Code imposed upon the commencement of NH Credit's bankruptcy case.
The foregoing sale, assignment, transfer and conveyance does not constitute,
and is not intended to result in a creation or assumption by CNHCR of, any
obligation or liability with respect to any NH Purchased Contract or any
Subsequent NH Receivable, nor shall CNHCR be obligated to perform or otherwise
be responsible for any obligation of NH Credit or any other Person in
connection with the NH Purchased Contracts or the Subsequent NH Receivables or
under any agreement or instrument relating thereto, including any contract or
any other obligation to any Obligor, except that CNHCR accepts any Contracts
that are Leases subject to (and assumes) the covenants benefiting the Obligors
under such Leases.

         If (but only to the extent) that the transfer of the NH Assets
hereunder is characterized by a court or other governmental authority as a
loan rather than a sale, NH Credit shall be deemed hereunder to have granted
to CNHCR a security interest in all of NH Credit's right, title and interest
in and to the NH Assets. Such security interest shall secure all of NH
Credit's obligations (monetary or otherwise) under this Agreement and the
other Basic Documents to which it is a party, whether now or hereafter
existing or arising, due or to become due, direct or indirect, absolute or
contingent. CNHCR shall have, with respect to the property described in
Section 2.1 and Section 2.2, and in addition to all the other rights and
remedies available to CNHCR under this Agreement and applicable law, all the
rights and remedies of a secured party under any applicable UCC, and this
Agreement shall constitute a security agreement under applicable law.

         SECTION 2.4 The Closing. The sale and purchase of the NH Purchased
Contracts shall take place at a closing at the offices of Mayer, Brown, Rowe &
Maw, 190 South LaSalle Street, Chicago, Illinois 60603 on the Closing Date,
simultaneously with the closings under: (a) the Case Purchase Agreement, (b)
the Sale and Servicing Agreement, (c) the Trust Agreement, (d) the
Administration Agreement and (e) the Indenture.

         SECTION 2.5 Payment of the Purchase Price.

         (a) NH Purchased Contracts. The Initial NH Purchase Price is payable
as $277,940,133.65 in cash on the Closing Date.

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         (b)......Subsequent NH Receivables. As consideration for the
conveyance of Subsequent NH Receivables pursuant to Section 2.2, CNHCR shall
pay or cause to be paid to NH Credit on each Subsequent Transfer Date an
amount (a "Subsequent NH Purchase Price") equal to the aggregate Contract
Value of the Subsequent NH Receivables as of the related Subsequent Cutoff
Date, plus any premium or minus any discount agreed upon by NH Credit and
CNHCR. Any Subsequent NH Purchase Price shall be payable as follows: (i) cash
in the amount released to CNHCR in respect of the Subsequent NH Receivables
from the Pre-Funding Account pursuant to Section 5.7(a) of the Sale and
Servicing Agreement shall be paid to NH Credit on the related Subsequent
Transfer Date; and (ii) the balance shall be paid in cash as and when amounts
are released to, or otherwise realized by, CNHCR from the Spread Account, the
Negative Carry Account, and the Principal Supplement Account in accordance
with the Sale and Servicing Agreement, or otherwise are available for such
purpose.

                                  ARTICLE III
                        REPRESENTATIONS AND WARRANTIES

         SECTION 3.1 Representations and Warranties of CNHCR. CNHCR hereby
represents and warrants to NH Credit as of the date hereof and as of the
Closing Date:

                  (a) Organization and Good Standing. CNHCR has been duly
         organized and is validly existing as a corporation in good standing
         under the laws of the State of Delaware, with the power and authority
         to own its properties and to conduct its business as such properties
         are currently owned and such business is presently conducted, and had
         at all relevant times, and has, the power and authority to acquire,
         own and sell the NH Receivables.

                  (b) Due Qualification. CNHCR is duly qualified to do
         business as a foreign corporation in good standing, and has obtained
         all necessary licenses and approvals, in all jurisdictions in which
         the ownership or lease of property or the conduct of its business
         shall require such qualifications.

                  (c) Power and Authority. CNHCR has the power and authority
         to execute and deliver this Agreement and to carry out its terms; and
         the execution, delivery and performance of this Agreement have been
         duly authorized by CNHCR by all necessary corporate action.

                  (d) Binding Obligation. This Agreement constitutes a legal,
         valid and binding obligation of CNHCR enforceable against CNHCR in
         accordance with its terms.

                  (e) No Violation. The consummation of the transactions
         contemplated by this Agreement 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 certificate of incorporation or by-laws of
         CNHCR, or any indenture, agreement or other instrument to which CNHCR
         is a party or by which it is bound; or 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 (other
         than the Sale and Servicing Agreement and the Indenture); or violate
         any law or, to the best of CNHCR's knowledge, any order, rule or

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         regulation applicable to CNHCR of any court or of any Federal or
         State regulatory body, administrative agency or other governmental
         instrumentality having jurisdiction over CNHCR or its properties.

                  (f) No Proceedings. There are no proceedings or
         investigations pending or, to CNHCR's best knowledge, threatened,
         before any court, regulatory body, administrative agency or other
         governmental instrumentality having jurisdiction over CNHCR or its
         properties: (i) asserting the invalidity of this Agreement, (ii)
         seeking to prevent the consummation of any of the transactions
         contemplated by this Agreement or (iii) seeking any determination or
         ruling that could reasonably be expected to materially and adversely
         affect the performance by CNHCR of its obligations under, or the
         validity or enforceability of, this Agreement.

         SECTION 3.2 Representations and Warranties of NH Credit. (a) NH
Credit hereby represents and warrants to CNHCR as of the date hereof and as of
the Closing Date:

                  (i) Organization and Good Standing. NH Credit has been duly
         organized and is validly existing as a limited liability company in
         good standing under the laws of the State of Delaware, with the power
         and authority to own its properties and to conduct its business as
         such properties are currently owned and such business is presently
         conducted, and had at all relevant times, and has, the power and
         authority to acquire, own and sell the NH Receivables.

                  (ii) Due Qualification. NH Credit is duly qualified to do
         business as a foreign limited liability company in good standing, and
         has obtained all necessary licenses and approvals, in all
         jurisdictions in which the ownership or lease of property or the
         conduct of its business shall require such qualifications.

                  (iii) Power and Authority. NH Credit has the power and
         authority to execute and deliver this Agreement and to carry out its
         terms; NH Credit has full power and authority to sell and assign the
         property to be sold and assigned to CNHCR hereby and has duly
         authorized such sale and assignment to CNHCR by all necessary limited
         liability company action; and the execution, delivery and performance
         of this Agreement have been, and the execution, delivery and
         performance of each NH Subsequent Transfer Assignment have been or
         will be on or before the related Subsequent Transfer Date, duly
         authorized by NH Credit by all necessary limited liability company
         action.

                  (iv) Binding Obligation. This Agreement constitutes, and
         each NH Subsequent Transfer Assignment when executed and delivered by
         NH Credit will constitute, a legal, valid and binding obligation of
         NH Credit enforceable against NH Credit in accordance with their
         terms.

                  (v) No Violation. The consummation of the transactions
         contemplated by this Agreement 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 certificate of formation, by-laws or
         limited liability company agreement of NH Credit, or any indenture,

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         agreement or other instrument to which NH Credit is a party or by
         which it is bound; or 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 (other than this Agreement);
         or violate any law or, to the best of NH Credit's knowledge, any
         order, rule or regulation applicable to NH Credit of any court or of
         any Federal or State regulatory body, administrative agency or other
         governmental instrumentality having jurisdiction over NH Credit or
         its properties.

                  (vi) No Proceedings. There are no proceedings or
         investigations pending, or to NH Credit's best knowledge, threatened,
         before any court, regulatory body, administrative agency or other
         governmental instrumentality having jurisdiction over NH Credit or
         its properties: (A) asserting the invalidity of this Agreement, (B)
         seeking to prevent the consummation of any of the transactions
         contemplated by this Agreement, or (C) seeking any determination or
         ruling that could reasonably be expected to materially and adversely
         affect the performance by NH Credit of its obligations under, or the
         validity or enforceability of, this Agreement.

         (b) NH Credit makes the following representations and warranties as
to the NH Receivables on which CNHCR relies in accepting the Initial NH
Receivables and the Subsequent NH Receivables and in transferring the NH
Receivables to the Trust. Such representations and warranties speak as of the
execution and delivery of this Agreement and as of the Closing Date, in the
case of the Initial NH Receivables, and as of the applicable Subsequent
Transfer Date, in the case of the Subsequent NH Receivables, but shall survive
the sale, transfer and assignment of the NH Receivables to CNHCR and the
subsequent assignment and transfer of such NH Receivables to the Trust
pursuant to the Sale and Servicing Agreement and pursuant to the Indenture:

                  (i) Characteristics of NH Receivables. Each NH Receivable:
         (A) (1) (i) was originated in the United States of America by a
         Dealer in connection with the retail sale or lease of Financed
         Equipment in the ordinary course of such Dealer's business, and (ii)
         was purchased by NH Credit from a Dealer and validly assigned by such
         Dealer to NH Credit in accordance with its terms, or (2) was
         originated in the United States of America by NH Credit in connection
         with the financing or lease of Financed Equipment in the ordinary
         course of NH Credit's business and, in either case, was fully and
         properly executed by the parties thereto, (B) has created a valid,
         subsisting and enforceable first priority security interest in the
         Financed Equipment in favor of NH Credit that, as of the Closing
         Date, has been assigned by NH Credit to CNHCR, by CNHCR to the Issuer
         and by the Issuer to the Indenture Trustee, except that (x) no
         security interest against the Obligor is created in True Lease
         Equipment, and (y) NH Credit makes no representation or warranty as
         to any such security interest granted by any Dealer to secure the
         Dealer's obligations to make payments in respect of Termination
         Values, (C) contains customary and enforceable provisions such that
         the rights and remedies of the holder thereof are adequate for
         realization against the collateral of the benefits of the security,
         and (D) (i) in the case of Retail Installment Contracts, provides for
         fixed payments on a periodic basis that fully amortize the Amount
         Financed by maturity and yield interest at the Annual Percentage
         Rate, and (ii) in the case of any Contracts sold, or to be sold,
         hereunder that are Leases, provides for fixed payments on a periodic
         basis that fully amortize the Amount Financed by maturity and yield

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         interest at the Annual Percentage Rate, except that any Contracts
         sold, or to be sold, hereunder that are Leases also provide for
         payments of the related Termination Values.

                  (ii) Schedule of NH Receivables. The information set forth
         on Schedule A to the NH Assignment delivered on the Closing Date is
         true and correct in all material respects as of the opening of
         business on the Initial Cutoff Date and the information set forth on
         Schedule A to the related NH Subsequent Transfer Assignment will be
         true and correct on each Subsequent Transfer Date related to such NH
         Subsequent Transfer Assignment and no selection procedures believed
         by NH Credit to be adverse to the interests of the Trust, the
         Noteholders or the Certificateholders were or will be utilized in
         selecting the NH Receivables. The computer tape regarding the NH
         Receivables made available to CNHCR and its assigns is true and
         correct in all respects.

                  (iii) Compliance with Law. Each NH Receivable and the sale
         or lease of the related Financed Equipment complied in all material
         respects at the time it was originated or made and at the execution
         of this Agreement and each NH Subsequent Transfer Assignment complies
         in all material respects with all requirements of applicable Federal,
         State and local laws and regulations thereunder, including usury law,
         the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act,
         the Fair Credit Reporting Act, the Fair Debt Collection Practices
         Act, the Federal Trade Commission Act, the Magnuson-Moss Warranty
         Act, the Federal Reserve Board's Regulations B and Z, State
         adaptations of the National Consumer Act and of the Uniform Consumer
         Credit Code, and other consumer credit laws and equal credit
         opportunity and disclosure laws.

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

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

                  (vi) Security Interest in Financed Equipment. Immediately
         prior to the sale, assignment and transfer thereof, each NH
         Receivable shall be secured by a validly perfected first priority
         security interest in the Financed Equipment in favor of NH Credit as
         secured party or all necessary and appropriate actions have been
         commenced that would result in the valid perfection of a first
         priority security interest in the Financed Equipment in favor of NH
         Credit as secured party, except that (A) no security interest against
         the Obligor is created in True Lease Equipment and (B) NH Credit
         makes no representation or warranty as to any security interest
         granted by any Dealer to secure the Dealer's obligations to make
         payments in respect of Termination Values.

                  (vii) NH Receivables in Force. No NH Receivable has been
         satisfied, subordinated or rescinded, nor has any Financed Equipment
         been released from the Lien granted by the related NH Receivable in
         whole or in part.

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                  (viii) No Amendment or Waiver. No provision of a NH
         Receivable has been waived, altered or modified in any respect,
         except pursuant to a document, instrument or writing included in the
         Receivable Files and no such amendment, waiver, alteration or
         modification causes such NH Receivable not to conform to the other
         warranties contained in this Section.

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

                  (x) No Liens. To the best of NH Credit's knowledge, no Liens
         or claims, including claims for work, labor or materials, relating to
         any of the Financed Equipment have been filed that are Liens prior
         to, or equal or coordinate with, the security interest in the
         Financed Equipment granted by any NH Receivable, except those
         pursuant to the Basic Documents.

                  (xi) No Default. No NH Receivable is a non-performing
         Receivable or has a payment that is more than 90 days overdue as of
         the Initial Cutoff Date or Subsequent Cutoff Date, as applicable,
         and, except for a payment default continuing for a period of not more
         than 90 days, no default, breach, violation or event permitting
         acceleration under the terms of any NH Receivable has occurred and is
         continuing; and no continuing condition that with notice or the lapse
         of time would constitute such a default, breach, violation or event
         permitting acceleration under the terms of any NH Receivable has
         arisen; and NH Credit has not waived and shall not waive any of the
         foregoing.

                  (xii) Title. It is the intention of NH Credit that the
         transfers and assignments contemplated herein and in the NH Liquidity
         Receivables Purchase Agreement constitute a sale of the NH
         Receivables from NH Credit to CNHCR and that the beneficial interest
         in and title to the NH Receivables and any True Lease Equipment
         related to such NH Receivables not be part of the debtor's estate in
         the event of the filing of a bankruptcy petition by or against NH
         Credit under any bankruptcy or similar law. No NH Receivable has been
         sold, transferred, assigned or pledged by NH Credit to any Person
         other than CNHCR. Immediately prior to the transfers and assignments
         contemplated herein and in the NH Liquidity Receivables Purchase
         Agreement, NH Credit had good title to each NH Receivable and any
         True Lease Equipment related to such NH Receivable, free and clear of
         all Liens and, immediately upon the transfer thereof, CNHCR shall
         have good title to each NH Receivable and any True Lease Equipment,
         free and clear of all Liens; and the transfer and assignment of the
         NH Receivables to CNHCR has been perfected under the UCC.

                  (xiii) Lawful Assignment. No NH Receivable has been
         originated in, or is subject to the laws of, any jurisdiction under
         which the sale, transfer and assignment of such NH Receivable or any
         NH Receivable under this Agreement, the NH Liquidity Receivables
         Purchase Agreement, the Sale and Servicing Agreement or the Indenture
         is unlawful, void or voidable.

                                       9
<PAGE>

                  (xiv) All Filings Made. All filings (including UCC filings)
         necessary in any jurisdiction to give CNHCR a first priority
         perfected ownership interest in the NH Receivables have been made.

                  (xv) One Original. There is only one original executed copy
         of each NH Receivable.

                  (xvi) Insurance. The Obligor on each NH Receivable is
         required to maintain physical damage insurance covering the Financed
         Equipment and, in the case of any Lease, public liability insurance
         relating to the use of such Financed Equipment, in each case in
         accordance with NH Credit's normal requirements.

                  (xvii) No Bankruptcies. No Obligor on any NH Receivable as
         of the Initial Cutoff Date or the Subsequent Cutoff Date, as
         applicable, was noted in the related Receivable File as being the
         subject of a bankruptcy proceeding.

                  (xviii) No Repossessions. None of the Financed Equipment
         securing any NH Receivable is in repossession status.

                  (xix) Chattel Paper. Each NH Receivable constitutes tangible
         "chattel paper" as defined in the UCC of each State the law of which
         governs the perfection of the interest granted in it and/or the
         priority of such perfected interest.

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

                  (xxi) Interest Accruing. Each NH Receivable, other than
         those NH Receivables consisting of Contracts that contain interest
         waivers for a specified period of time, is, as of the Closing Date or
         Subsequent Transfer Date, as applicable, accruing interest; no NH
         Receivable contains an interest waiver extending more than 12 months
         after the Initial Cutoff Date.

                  (xxii) Leases. Each Lease included in the Initial NH
         Receivables or the Subsequent NH Receivables has a Termination Value
         less than or equal to 10% of the purchase price of the equipment
         subject to such Lease and is a "lease intended as security" (rather
         than a true lease) within the meaning of Section 1-201(37) of the
         UCC.

                  (xxiii) NH Credit's Representations. The representations and
         warranties of NH Credit contained in Section 3.2(a) are true and
         correct.

                  (xxiv) NH Credit's Obligations. NH Credit has no obligations
         under any Contract, other than the covenant of quiet enjoyment
         benefiting the Obligors under any Contracts that are Leases.

                  (xxv) No Either/or Leases. No Lease included in the Initial
         NH Receivables or the Subsequent NH Receivables is an Either/or

                                       10
<PAGE>

         Lease, and no Financed Equipment transferred to CNHCR on the Closing
         Date or any Subsequent Transfer Date, as the case may be, constitutes
         True Lease Equipment.

                  (xxvi) No Leases. Notwithstanding anything to the contrary
         in the Basic Documents, none of the Initial NH Receivables or the
         Subsequent NH Receivables shall be Leases.

                  (xxvii) Perfection Representations. NH Credit further makes
         all of the representations, warranties and covenants set forth in
         Schedule P.

                                  ARTICLE IV
                                  CONDITIONS

         SECTION 4.1 Conditions to Obligation of CNHCR.

         (a) NH Purchased Contracts. The obligation of CNHCR to purchase the
NH Purchased Contracts is subject to the satisfaction of the following
conditions:

                  (i) Representations and Warranties True. The representations
         and warranties of NH Credit hereunder shall be true and correct on
         the Closing Date and NH Credit shall have performed all obligations
         to be performed by it hereunder on or prior to the Closing Date.

                  (ii) Computer Files Marked. NH Credit shall, at its own
         expense, on or prior to the Closing Date, indicate in its computer
         files that NH Receivables created in connection with the NH Purchased
         Contracts have been sold to CNHCR pursuant to this Agreement and
         deliver to CNHCR the Schedule of NH Receivables certified by the
         Chairman, the President, a Vice President or the Treasurer of NH
         Credit to be true, correct and complete.

                  (iii) Documents To Be Delivered by NH Credit on the Closing
         Date.

                           (A) The NH Assignment. On the Closing Date (but
                  only if the Contract Value of the NH Purchased Contracts is
                  greater than zero), NH Credit will execute and deliver the
                  NH Assignment, which shall be substantially in the form of
                  Exhibit A.

                           (B) Evidence of UCC Filing. On or prior to the
                  Closing Date (but only if the Contract Value of the NH
                  Purchased Contracts is greater than zero), NH Credit shall
                  execute and file, at its own expense, a UCC financing
                  statement in each jurisdiction in which such action is
                  required by applicable law to fully perfect CNHCR's right,
                  title and interest in the NH Purchased Contracts and the
                  other property sold hereunder, executed by NH Credit, as
                  seller or debtor, and naming CNHCR, as CNHCR or secured
                  party, describing the NH Purchased Contracts and the other
                  property sold hereunder, meeting the requirements of the
                  laws of each such jurisdiction and in such manner as is
                  necessary to perfect the sale, transfer, assignment and
                  conveyance of such NH Purchased Contracts and such other
                  property to CNHCR. It is understood and agreed, however,

                                       11
<PAGE>

                  that no filings will be made to perfect any security
                  interest of CNHCR in NH Credit's interests in Financed
                  Equipment. NH Credit shall deliver (or cause to be
                  delivered) a file-stamped copy, or other evidence
                  satisfactory to CNHCR of such filing, to CNHCR on or prior
                  to the Closing Date.

                           (C) Other Documents. NH Credit will deliver such
                  other documents as CNHCR may reasonably request.

                  (iv) Other Transactions. The transactions contemplated by
         the Sale and Servicing Agreement to be consummated on the Closing
         Date shall be consummated on such date.

         (b) Subsequent NH Receivables. The obligation of CNHCR to purchase
any Subsequent NH Receivables is subject to the satisfaction of the following
conditions on or prior to the related Subsequent Transfer Date:

                  (i) NH Credit shall have delivered to CNHCR a duly executed
         written assignment in substantially the form of Exhibit B (the "NH
         Subsequent Transfer Assignment"), which shall include supplements to
         the Schedule of NH Receivables listing the Subsequent NH Receivables;

                  (ii) NH Credit shall, to the extent required by Section 5.2
         of the Sale and Servicing Agreement, have delivered to CNHCR for
         deposit in the Collection Account all collections in respect of the
         Subsequent NH Receivables;

                  (iii) as of such Subsequent Transfer Date: (A) NH Credit was
         not insolvent and will not become insolvent as a result of the
         transfer of Subsequent NH Receivables on such Subsequent Transfer
         Date, (B) NH Credit did not intend to incur or believe that it would
         incur debts that would be beyond NH Credit's ability to pay as such
         debts matured, (C) such transfer was not made with actual intent to
         hinder, delay or defraud any Person and (D) the assets of NH Credit
         did not constitute unreasonably small capital to carry out its
         business as conducted;

                  (iv) the applicable Spread Account Initial Deposit and
         Principal Supplement Account Deposit, if any, for such Subsequent
         Transfer Date shall have been made;

                  (v) the Funding Period shall not have terminated;

                  (vi) each of the representations and warranties made by NH
         Credit pursuant to Section 3.2(b) with respect to the Subsequent NH
         Receivables shall be true and correct as of such Subsequent Transfer
         Date, and NH Credit shall have performed all obligations to be
         performed by it hereunder on or prior to such Subsequent Transfer
         Date;

                  (vii) NH Credit shall, at its own expense, on or prior to
         such Subsequent Transfer Date, indicate in its computer files that

                                       12
<PAGE>

         the Subsequent NH Receivables identified in the related NH Subsequent
         Transfer Assignment have been sold to CNHCR pursuant to this
         Agreement and the NH Subsequent Transfer Assignment;

                  (viii) NH Credit shall have taken any action required to
         give CNHCR a first priority perfected ownership interest in the
         Subsequent NH Receivables;

                  (ix) no selection procedures believed by NH Credit to be
         adverse to the interests of CNHCR, the Trust, the Noteholders or the
         Certificateholders shall have been utilized in selecting the
         Subsequent NH Receivables;

                  (x) the addition of the Subsequent NH Receivables will not
         result in a material adverse tax consequence to CNHCR, the Trust, the
         Noteholders or the Certificateholders;

                  (xi) NH Credit shall have provided CNHCR a statement listing
         the aggregate Contract Value of such Subsequent NH Receivables and
         any other information reasonably requested by CNHCR with respect to
         such Subsequent NH Receivables;

                  (xii) all the conditions to the transfer of the Subsequent
         NH Receivables to the Issuer specified in the Sale and Servicing
         Agreement shall have been satisfied; and

                  (xiii) NH Credit shall have delivered to CNHCR an Officers'
         Certificate confirming the satisfaction of each condition precedent
         specified in this clause (b) (substantially in the form attached
         hereto as Annex A to the NH Subsequent Transfer Assignment).

         SECTION 4.2 Conditions to Obligation of NH Credit. The obligation of
NH Credit to sell the NH Purchased Contracts and the Subsequent NH Receivables
to CNHCR is subject to the satisfaction of the following conditions:

                  (a) Representations and Warranties True. The representations
         and warranties of CNHCR hereunder shall be true and correct on the
         Closing Date or the applicable Subsequent Transfer Date with the same
         effect as if then made, and CNHCR shall have performed all
         obligations to be performed by it hereunder on or prior to the
         Closing Date or such Subsequent Transfer Date.

                  (b) Receivables Purchase Price. On the Closing Date or the
         applicable Subsequent Transfer Date, CNHCR shall have delivered to NH
         Credit the portion of the Initial NH Purchase Price or the Subsequent
         NH Purchase Price, as the case may be, payable on the Closing Date or
         such Subsequent Transfer Date pursuant to Section 2.5.

                                   ARTICLE V
                            COVENANTS OF NH CREDIT

         NH Credit agrees with CNHCR as follows; provided, however, that to
the extent that any provision of this Article conflicts with any provision of
the Sale and Servicing Agreement, the Sale and Servicing Agreement shall
govern:

                                       13
<PAGE>

         SECTION 5.1 Protection of Right, Title and Interest.

         (a) Filings. NH Credit shall cause all financing statements and
continuation statements and any other necessary documents covering the right,
title and interest of CNHCR in and to the NH Receivables and the other
property included in the Trust Estate to be promptly filed, and at all times
to be kept recorded, registered and filed, all in such manner and in such
places as may be required by law fully to preserve and protect the right,
title and interest of CNHCR hereunder to the NH Receivables and the other
property sold hereunder. It is understood and agreed, however, that no filings
will be made to perfect any security interest of CNHCR in NH Credit's
interests in Financed Equipment. NH Credit shall deliver (or cause to be
delivered) to CNHCR file-stamped copies of, or filing receipts for, any
document recorded, registered or filed as provided above as soon as available
following such recordation, registration or filing. CNHCR shall cooperate
fully with NH Credit in connection with the obligations set forth above and
will execute any and all documents reasonably required to fulfill the intent
of this paragraph.

         (b) Name Change. Within 15 days after NH Credit makes any change in
its name, identity or limited liability company structure that would, could or
might make any financing statement or continuation statement filed in
accordance with paragraph (a) seriously misleading within the applicable
provisions of the UCC or any title statute, NH Credit shall give CNHCR notice
of any such change, and no later than five days after the effective date
thereof, shall file such financing statements or amendments as may be
necessary to continue the perfection of CNHCR's interest in the property
included in the Trust Estate.

         (c) Location Change. Within 15 days after NH Credit makes any change
to its "location" as defined in Section 9-307 of the UCC, NH Credit shall give
CNHCR notice of any such change, and no later than five days after the
effective date thereof, shall file such financing statements or amendments as
may be necessary to continue the perfection of CNHCR's interest in the
property included in the Trust Estate.

         SECTION 5.2 Other Liens or Interests. Except for the conveyances
hereunder and pursuant to the NH Liquidity Receivables Purchase Agreement, the
Sale and Servicing Agreement, the Indenture and the other Basic Documents, NH
Credit: (a) will not sell, pledge, assign or transfer to any Person, or grant,
create, incur, assume or suffer to exist any Lien on, any interest in, to and
under the NH Receivables, and (b) shall defend the right, title and interest
of CNHCR in, to and under the NH Receivables against all claims of third
parties claiming through or under NH Credit; provided, however, that NH
Credit's obligations under this Section shall terminate upon the termination
of the Trust pursuant to the Trust Agreement.

         SECTION 5.3 Chief Executive Office. During the term of the NH
Receivables, NH Credit will maintain its chief executive office and
"location", as defined in the UCC, in one of the States.

         SECTION 5.4 Costs and Expenses. NH Credit agrees to pay all
reasonable costs and disbursements in connection with the perfection, as
against all third parties, of CNHCR's right, title and interest in, to and
under the NH Receivables.

                                       14
<PAGE>

         SECTION 5.5 Indemnification. NH Credit shall indemnify, defend and
hold harmless CNHCR for any liability as a result of the failure of a NH
Receivable to be originated in compliance with all requirements of law and for
any breach of any of its representations and warranties contained herein.
These indemnity obligations shall be in addition to any obligation that NH
Credit may otherwise have. NH Credit shall indemnify, defend and hold harmless
CNHCR, the Issuer, the Trustee and the Indenture Trustee (and their respective
officers, directors, employees and agents) from and against any taxes that may
at any time be asserted against such Person with respect to the sale of the NH
Receivables to CNHCR hereunder or the sale of the NH Receivables to the Issuer
by CNHCR or the issuance and original sale of the Certificates and the Notes,
including any sales, gross receipts, general corporation, tangible personal
property, privilege or license taxes (but, in the case of CNHCR and the
Issuer, not including any taxes asserted with respect to ownership of the NH
Receivables on Federal or other income taxes arising out of the transactions
contemplated by this Agreement) and costs and expenses in defending against
the same.

         SECTION 5.6 Transfer of Subsequent NH Receivables. NH Credit
covenants to transfer to CNHCR, pursuant to Section 2.2, Subsequent NH
Receivables with an aggregate Contract Value approximately equal to
$385,142,899.54 minus the aggregate Contract Value of any Receivables sold to
CNHCR by Case Credit pursuant to Section 5.6 of the Case Purchase Agreement,
subject only to the availability of such Subsequent NH Receivables.

                                  ARTICLE VI
                           MISCELLANEOUS PROVISIONS

         SECTION 6.1 Obligations of NH Credit. The obligations of NH Credit
under this Agreement shall not be affected by reason of any invalidity,
illegality or irregularity of any NH Receivable.

         SECTION 6.2 Repurchase Events. NH Credit hereby covenants and agrees
with CNHCR for the benefit of CNHCR, the Indenture Trustee, the Noteholders,
the Trustee and the Certificateholders that the occurrence of a breach of any
of NH Credit's representations and warranties contained in Section 3.2(b),
shall constitute events obligating NH Credit to repurchase any NH Receivable
materially and adversely affected by any such breach ("Repurchase Events") at
the Purchase Amount from CNHCR or from the Trust. Except as set forth in
Section 5.5, the repurchase obligation of NH Credit shall constitute the sole
remedy of CNHCR, the Indenture Trustee, the Noteholders, the Trust, the
Trustee or the Certificateholders against NH Credit with respect to any
Repurchase Event.

         SECTION 6.3 CNHCR Assignment of Repurchased Receivables. With respect
to all NH Receivables repurchased by NH Credit pursuant to this Agreement,
CNHCR shall sell, transfer, assign, set over and otherwise convey to NH
Credit, without recourse, representation or warranty, all of CNHCR's right,
title and interest in, to and under such NH Receivables, and all security and
documents relating thereto.

         SECTION 6.4 Trust. NH Credit acknowledges and agrees that: (a) CNHCR
will, pursuant to the Sale and Servicing Agreement, sell the NH Receivables to

                                       15
<PAGE>

the Trust and assign its rights under this Agreement to the Trust, (b) the
Trust will, pursuant to the Indenture, assign such NH Receivables and such
rights to the Indenture Trustee and (c) the representations, warranties and
covenants contained in this Agreement and the rights of CNHCR under this
Agreement, including under Section 6.2, are intended to benefit the Trust, the
Certificateholders, the Counterparties and the Noteholders. NH Credit hereby
consents to all such sales and assignments and agrees that enforcement of a
right or remedy hereunder by the Indenture Trustee shall have the same force
and effect as if the right or remedy had been enforced or executed by CNHCR.

         SECTION 6.5 Amendment. This Agreement may be amended from time to
time, with prior written notice to the Rating Agencies, by a written amendment
duly executed and delivered by NH Credit and CNHCR, without the consent of the
Noteholders or the Certificateholders, to cure any ambiguity, 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
of this Agreement or of modifying in any manner the rights of the Noteholders
or the Certificateholders; provided, however, that such amendment will not, in
the Opinion of Counsel, materially and adversely affect the interest of any
Noteholder or Certificateholder.

         This Agreement may also be amended from time to time by NH Credit and
CNHCR, with prior written notice to the Rating Agencies, with the written
consent of (x) Noteholders holding Notes evidencing at least a majority of the
Note Balance and (y) the Holders of Certificates evidencing at least a
majority of the Certificate Balance, 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
Certificateholders; provided, however, that no such amendment may: (i)
increase or reduce in any manner the amount of, or accelerate or delay the
timing of, collections of payments on NH Receivables or distributions that are
required to be made for the benefit of the Noteholders or the
Certificateholders or (ii) reduce the aforesaid percentage of the Notes and
Certificates that are required to consent to any such amendment, without the
consent of the holders of all the outstanding Notes and Certificates.

         It shall not be necessary for the consent of Certificateholders or
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 6.6 Accountants' Letters. (a) A firm of independent certified
public accountants will review the characteristics of the Receivables
described in the Schedule of Receivables and will compare those
characteristics to the information with respect to the Receivables contained
in the Prospectus, (b) NH Credit will cooperate with CNHCR and such accounting
firm in making available all information and taking all steps reasonably
necessary to permit such accounting firm to complete the review set forth in
clause (a) and to deliver the letters required of them under the Underwriting
Agreement, (c) such accounting firm will deliver to CNHCR a letter, dated the
date of the Prospectus, in the form previously agreed to by Case Credit, NH
Credit and CNHCR, with respect to the financial and statistical information
contained in the Prospectus and with respect to such other information as may
be agreed in the form of the letter.

                                       16
<PAGE>

         SECTION 6.7 Waivers. No failure or delay on the part of CNHCR in
exercising any power, right or remedy under this Agreement, the NH Assignment
or any NH Subsequent Transfer Assignment shall operate as a waiver thereof,
nor shall any single or partial exercise of any such power, right or remedy
preclude any other or further exercise thereof or the exercise of any other
power, right or remedy.

         SECTION 6.8 Notices. All demands, notices and communications under
this Agreement shall be in writing, personally delivered or mailed by
certified mail, return receipt requested, and shall be deemed to have been
duly given upon receipt: (a) in the case of NH Credit, to New Holland Credit
Company, LLC, 33 South Railroad Avenue, New Holland, Pennsylvania 17557-1728,
Attention: Finance Manager (telephone (717) 355-3091); with a copy to Senior
Counsel; (b) in the case of CNHCR, to CNH Capital Receivables Inc., 100 South
Saunders Road, Lake Forest, Illinois 60045, Attention: Treasurer (telephone
(847) 735-9200); (c) in the case of the Rating Agencies, at their respective
addresses set forth in Section 10.3 of the Sale and Servicing Agreement; or,
as to each of the foregoing, at such other address as shall be designated by
written notice to the other parties.

         SECTION 6.9 Costs and Expenses. NH Credit will pay all expenses
incident to the performance of its obligations under this Agreement and NH
Credit agrees to pay all reasonable out-of-pocket costs and expenses of CNHCR,
excluding fees and expenses of counsel, in connection with the perfection as
against third parties of CNHCR's right, title and interest in, to and under
the NH Receivables and the enforcement of any obligation of NH Credit
hereunder.

         SECTION 6.10 Representations of NH Credit and CNHCR. The respective
agreements, representations, warranties and other statements by NH Credit and
CNHCR set forth in or made pursuant to this Agreement shall remain in full
force and effect and will survive the closing under Section 2.4.

         SECTION 6.11 Confidential Information. CNHCR agrees that it will
neither use nor disclose to any Person the names and addresses of the
Obligors, except in connection with the enforcement of CNHCR's rights
hereunder, under the NH Receivables, under the Sale and Servicing Agreement or
the Indenture or any other Basic Document or as required by any of the
foregoing or by law.

         SECTION 6.12 Headings and Cross-References. The various headings in
this Agreement are included for convenience only and shall not affect the
meaning or interpretation of any provision of this Agreement. References in
this Agreement to Section names or numbers are to such Sections of this
Agreement unless otherwise expressly indicated.

         SECTION 6.13 Governing Law. This Agreement, the NH Assignment, and
each NH Subsequent Transfer Assignment shall be construed in accordance with
the laws of the State of New York, without reference to its conflict of law
provisions, and the obligations, rights and remedies of the parties hereunder
or thereunder shall be determined in accordance with such laws.

                                       17
<PAGE>

         SECTION 6.14 Counterparts. This Agreement may be executed in two or
more counterparts and by different parties on separate counterparts, each of
which shall be an original, but all of which together shall constitute but one
and the same instrument.

                                       18
<PAGE>

         SECTION 6.15 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.

                           (signature page follows)

                                       19
<PAGE>

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

                         CNH CAPITAL RECEIVABLES INC.

                         By:  /s/ Brian O'Keane
                             ---------------------------
                              Name:  Brian O'Keane
                              Title:

                         NEW HOLLAND CREDIT COMPANY, LLC

                         By:  /s/ Brian O'Keane
                             ---------------------------
                              Name:  Brian O'Keane
                              Title:

                                S-1
<PAGE>

                                                                      EXHIBIT A
                                                       to NH Purchase Agreement

                                     FORM OF
                                  NH ASSIGNMENT
                                  -------------

         For value received, in accordance with and subject to the NH Purchase
Agreement dated as of May 1, 2003 (the "NH Purchase Agreement") between the
undersigned and CNH Capital Receivables Inc. ("CNHCR"), the undersigned does
hereby sell, assign, transfer, set over and otherwise convey unto CNHCR,
without recourse, all of its right, title, interest and, with respect to any
Contracts that are Leases, obligations in, to and under: (a) the NH Purchased
Contracts, which are listed on Schedule A hereto, including all documents
constituting chattel paper included therewith, and all obligations of the
Obligors thereunder, including all moneys paid thereunder on or after the
Initial Cutoff Date, (b) the security interests in the Financed Equipment
granted by Obligors pursuant to the NH Purchased Contracts and any other
interest of the undersigned in such Financed Equipment, (c) any proceeds with
respect to the NH Purchased Contracts from claims on insurance policies
covering Financed Equipment or Obligors, (d) any proceeds from recourse to
Dealers with respect to the NH Purchased Contracts other than any interest in
the Dealers' reserve accounts maintained with NH Credit, (e) any Financed
Equipment that shall have secured the NH Purchased Contracts and that shall
have been acquired by or on behalf of CNHCR, (f) any True Lease Equipment that
is subject to any NH Purchased Contract, and (g) the proceeds of any and all
of the foregoing. The foregoing sale does not constitute and is not intended
to result in any assumption by CNHCR of any obligation (other than the
covenant of quiet enjoyment benefiting the Obligors under any Contracts that
are Leases) of the undersigned to the Obligors, insurers or any other person
in connection with the NH Purchased Contracts, Receivables Files, any
insurance policies or any agreement or instrument relating to any of them.

         This NH Assignment is made pursuant to and upon the representations,
warranties and agreements on the part of the undersigned contained in the NH
Purchase Agreement and is to be governed in all respects by the NH Purchase
Agreement.

         Capitalized terms used herein and not otherwise defined shall have
the meanings assigned to them in the NH Purchase Agreement.

                                      A-1

<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this NH Assignment to
be duly executed as of May 1, 2003.

                        New Holland Credit Company, LLC

                        By: _______________________________
                             Name:
                             Title:

                                      A-2
<PAGE>

                                                                      EXHIBIT B
                                                       to NH Purchase Agreement

                                     FORM OF
                        NH SUBSEQUENT TRANSFER ASSIGNMENT
                        ---------------------------------

         For value received, in accordance with and subject to the NH Purchase
Agreement dated as of May 1, 2003 (the "NH Purchase Agreement") between New
Holland Credit Company LLC, a Delaware limited liability company ("NH
Credit"), and CNH Capital Receivables Inc., a Delaware corporation ("CNHCR"),
NH Credit does hereby sell, transfer, assign, set over and otherwise convey to
CNHCR, without recourse, all of its right, title, interest and, with respect
to any Contracts that are Leases, obligations in, to and under: (a) the
Subsequent NH Receivables, with an aggregate Contract Value equal to $ ,
listed on Schedule A hereto, including all documents constituting chattel
paper included therewith, and all obligations of the Obligors thereunder,
including all moneys paid thereunder on or after the Subsequent Cutoff Date,
(b) the security interests in the Financed Equipment granted by Obligors
pursuant to such Subsequent NH Receivables and any other interest of NH Credit
in such Financed Equipment, (c) any proceeds with respect to such Subsequent
NH Receivables from claims on insurance policies covering Financed Equipment
or Obligors, (d) any proceeds from recourse to Dealers with respect to such
Subsequent NH Receivables other than any interest in the Dealers' reserve
accounts maintained with NH Credit, (e) any Financed Equipment that shall have
secured any such Subsequent NH Receivables and that shall have been acquired
by or on behalf of CNHCR, (f) any True Lease Equipment that is subject to any
Subsequent NH Receivable, and (g) the proceeds of any and all of the
foregoing. The foregoing sale does not constitute and is not intended to
result in any assumption by CNHCR of any obligation (other than the covenant
of quiet enjoyment benefiting the Obligors under any Contracts that are
Leases) of NH Credit to the Obligors, insurers or any other person in
connection with such Subsequent NH Receivables, Receivable Files, any
insurance policies or any agreement or instrument relating to any of them.

         This NH Subsequent Transfer Assignment is made pursuant to and upon
the representations, warranties and agreements on the part of NH Credit
contained in the NH Purchase Agreement (including the Officers' Certificate of
NH Credit accompanying this Agreement) and is to be governed in all respects
by the NH Purchase Agreement.

         Capitalized terms used but not otherwise defined herein shall have
the meanings assigned to them in the NH Purchase Agreement.

                                      B-1
<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this NH Subsequent
Transfer Assignment to be duly executed as of the __ day of , 2003.

                        New Holland Credit Company, LLC

                        By:________________________________
                           Name:
                           Title:

<PAGE>

                                                                    SCHEDULE A
                                           to NH Subsequent Transfer Assignment

                      SCHEDULE OF SUBSEQUENT NH RECEIVABLES
                      -------------------------------------

                               [See attached list]

<PAGE>

                                                                       ANNEX A
                                          to NH Subsequent Transfer Assignment

                              OFFICERS' CERTIFICATE
                              ---------------------

         We, the undersigned officers of New Holland Credit Company, LLC (the
"Company"), do hereby certify, pursuant to Section 4.1(b)(xiii) of the NH
Purchase Agreement dated as of May 1, 2003 among the Company, and CNH Capital
Receivables Inc. (the "NH Purchase Agreement"), that (i) all of the conditions
precedent to the transfer to CNHCR of the Subsequent NH Receivables listed on
Schedule A to the NH Subsequent Transfer Assignment delivered herewith, and
the other property and rights related to such Subsequent NH Receivables as
described in Section 2.2 of the NH Purchase Agreement, have been satisfied on
or prior to the related Subsequent Transfer Date and (ii) each statement of
fact set forth in any officers' certificate executed by an officer of the
Company in connection with an Opinion of Counsel delivered on the Closing Date
with respect to a transfer of, or a security interest in, the NH Receivables
shall be true and correct as of the date hereof with respect to the Subsequent
NH Receivables listed on the aforementioned Schedule A.

         Capitalized terms used but not defined herein shall have the meanings
assigned to such terms in the NH Purchase Agreement.

         IN WITNESS WHEREOF, the undersigned have caused this certificate to
be duly executed this ___ day of _____________, ________.

                            By:   ___________________________
                                  Name:______________________
                                  Title:_____________________

                            By:   ___________________________
                                  Name:______________________
                                  Title:_____________________

<PAGE>

                                  Schedule P

         1._______General. The NH Purchase Agreement creates, or with respect
to the NH Receivables that are Subsequent Receivables upon the transfer of
such Subsequent Receivables pursuant to the Subsequent Transfer Assignment
will create, a valid and continuing security interest (as defined in the
applicable UCC) in the NH Receivables in favor of CNHCR, which, (a) is
enforceable upon execution of the NH Purchase Agreement against creditors of
and purchasers from NH Credit, as such enforceability may be limited by
applicable Debtor Relief Laws, now or hereafter in effect, and by general
principles of equity (whether considered in a suit at law or in equity), and
(b) upon filing of the financing statements described in clause 4 below will
be prior to all other Liens (other than Liens permitted pursuant to clause 5
below).

         2._______General. The NH Receivables constitute "tangible chattel
paper" within the meaning of UCC Section 9-102. NH Credit has taken all steps
necessary to perfect its security interest against the Obligor in the Financed
Equipment securing the NH Receivables.

         3._______Creation. Immediately prior to the conveyance of the NH
Receivables pursuant to the NH Purchase Agreement, NH Credit owns and has good
and marketable title to, or has a valid security interest in, the NH
Receivables free and clear of any Lien, claim or encumbrance of any Person.

         4._______Perfection. NH Credit has caused or will have caused, within
ten days of the Closing Date, the filing of all appropriate financing
statements in the proper filing office in the appropriate jurisdictions under
applicable law in order to perfect the security interest granted to CNHCR
under the NH Purchase Agreement in the NH Receivables. With respect to the NH
Receivables that constitute tangible chattel paper, NH Credit has in its
possession the original copies of such tangible chattel paper that constitute
or evidence the NH Receivables, and NH Credit has caused, or will have caused
within ten days of the effective date of the NH Agreement, the filing of
financing statements against NH Credit in favor of CNHCR in connection
herewith describing such NH Receivables and containing a statement that: "A
purchase of or security interest in any collateral described in this financing
statement will violate the rights of CNHCR."

         5._______Priority. Other than the security interests granted to CNHCR
pursuant to the NH Purchase Agreement and the NH Liquidity Receivables
Purchase Agreement, NH Credit has not pledged, assigned, sold, granted a
security interest in, or otherwise conveyed any of the NH Receivables. NH
Credit has not authorized the filing of and is not aware of any financing
statements against NH Credit that include a description of collateral covering
the NH Receivables other than any financing statement (i) relating to the
security interests granted to CNHCR under the NH Purchase Agreement and the NH
Liquidity Receivables Purchase Agreement, (ii) that has been terminated, or
(iii) that has been granted pursuant to the terms of the Basic Documents. None
of the tangible chattel paper that constitutes or evidences the NH Receivables
has any marks or notations indicating that they have pledged, assigned or
otherwise conveyed to any Person other than the Indenture Trustee.CNH EQUIPMENT TRUST 2003-A

                            ADMINISTRATION AGREEMENT

                                      among

                           CNH EQUIPMENT TRUST 2003-A,
                                   as Issuer,

                                       and

                            CASE CREDIT CORPORATION,
                                as Administrator,

                                       and

                              JPMORGAN CHASE BANK,
                              as Indenture Trustee.

                             Dated as of May 1, 2003

<PAGE>

                                TABLE OF CONTENTS

Section                                                                    Page

1.       Duties of the Administrator...........................................2

         (a)      Duties with Respect to the Indenture and the Depository
                    Agreement..................................................2

         (b)      Duties with Respect to the Trust.............................4

         (c)      Non-Ministerial Matters......................................5

2.       Records...............................................................6

3.       Compensation..........................................................6

4.       Additional Information To Be Furnished to the Issuer..................6

5.       Independence of the Administrator.....................................6

6.       No Joint Venture......................................................6

7.       Other Activities of the Administrator.................................7

8.       Term of Agreement; Resignation and Removal of the Administrator.......7

9.       Action upon Termination, Resignation or Removal.......................8

10.      Notices...............................................................9

11.      Amendments............................................................9

12.      Successors and Assigns...............................................10

13.      Governing Law........................................................10

14.      Headings.............................................................10

15.      Counterparts.........................................................10

16.      Severability.........................................................10

17.      Not Applicable to Case Credit Corporation in Other Capacities........11

18.      Limitation of Liability of the Trustee and the Indenture Trustee.....11

19.      Third-Party Beneficiary..............................................11

20.      Indemnification......................................................11

                                       i

<PAGE>

         ADMINISTRATION AGREEMENT dated as of May 1, 2003, among CNH EQUIPMENT
TRUST 2003-A, a Delaware statutory trust (the "Issuer"), CASE CREDIT
CORPORATION, a Delaware corporation, as administrator (the "Administrator"), and
JPMorgan Chase Bank, a corporation organized and existing under the laws of
State of New York, not in its individual capacity but solely as Indenture
Trustee (the "Indenture Trustee").

                                    RECITALS

         WHEREAS, the Issuer is issuing: (a) 1.2625 % Class A-1 Asset Backed
Notes, 1.4600% Class A-2 Asset Backed Notes, Floating Rate Class A-3a Asset
Backed Notes, 1.8900% Class A-3b Asset Backed Notes, Floating Rate Class A-4a
Asset Backed Notes, 2.5700% Class A-4b Asset Backed Notes (collectively, the
"Class A Notes") and 3.1300% Class B Asset Backed Notes (the "Class B Notes"
and, together with the Class A Notes, the "Notes") pursuant to the Indenture,
dated as of the date hereof (as amended and supplemented from time to time in
accordance with the provisions thereof, the "Indenture"), between the Issuer and
the Indenture Trustee (capitalized terms used herein and not otherwise defined
herein are defined in Appendix A to the Indenture);

         WHEREAS, the Issuer has entered into certain agreements in connection
with the issuance of the Notes and of certain beneficial ownership interests of
the Issuer, including: (i) a Sale and Servicing Agreement, dated as of the date
hereof (as amended and supplemented from time to time, the "Sale and Servicing
Agreement"), among the Issuer, Case Credit Corporation, as servicer (the
"Servicer"), and CNH Capital Receivables Inc., a Delaware corporation, as seller
(the "Seller"), (ii) a Depository Agreement, dated May 22, 2003 (the "Depository
Agreement"), among the Issuer, the Indenture Trustee, the Administrator and The
Depository Trust Company, (iii) the Indenture and (iv) a Trust Agreement, dated
as of the date hereof (the "Trust Agreement"), between the Seller and the
Trustee (the Sale and Servicing Agreement, the Depository Agreement, the
Indenture and the Trust Agreement being hereinafter referred to collectively as
the "Related Agreements");

         WHEREAS, pursuant to the Related Agreements, the Issuer and the Trustee
are required to perform certain duties in connection with: (a) the Notes and the
collateral therefor pledged pursuant to the Indenture (the "Collateral") and (b)
the beneficial ownership interests in the Issuer (the registered holders of such
interests being referred to herein as the "Owners");

         WHEREAS, the Issuer and the Trustee desire to have the Administrator
perform certain of the duties of the Issuer and the Trustee referred to in the
preceding clause, and to provide such additional services consistent with this
Agreement and the Related Agreements as the Issuer and the Trustee may from time
to time request;

         WHEREAS, the Administrator has the capacity to provide the services
required hereby and is willing to perform such services for the Issuer and the
Trustee on the terms set forth herein;

         NOW, THEREFORE, in consideration of the mutual terms and covenants
contained herein, and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties agree as follows:

<PAGE>

         1. Duties of the Administrator.

         (a) Duties with Respect to the Indenture and the Depository Agreement.
The Administrator shall perform all of its duties as Administrator and the
duties of the Issuer and the Trustee under the Depository Agreement. In
addition, the Administrator shall consult with the Trustee regarding the duties
of the Issuer and the Trustee under such documents. The Administrator shall
monitor the performance of the Issuer and shall advise the Trustee when action
is necessary to comply with the Issuer's or the Trustee's duties under such
documents. The Administrator shall prepare for execution by the Issuer 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 Trustee to prepare, file or deliver pursuant to such
documents. In furtherance of the foregoing, the Administrator shall take all
appropriate action that is the duty of the Issuer or the Trustee to take
pursuant to such documents, including, without limitation, such of the foregoing
as are required with respect to the following matters (references in this
Section are to sections of the Indenture):

                  (i) 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 (Section
         2.4);

                  (ii) the fixing or causing to be fixed of any specified record
         date and the notification of the Indenture Trustee and Noteholders with
         respect to special payment dates, if any (Section 2.7(c));

                  (iii) the preparation of or obtaining of the documents and
         instruments required for authentication of the Notes and delivery of
         the same to the Indenture Trustee (Section 2.2);

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

                  (v) the maintenance of an office in the Borough of Manhattan,
         City of New York, for registration of transfer or exchange of Notes
         (Section 3.2);

                  (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 3.3);

                  (vii) the direction to the Paying Agents to deposit moneys
         with the Indenture Trustee (Section 3.3);

                  (viii) 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 Trust Estate (Section
         3.4);

                  (ix) the preparation of all supplements, amendments, financing
         statements, continuation statements, instruments of further assurance

                                      2
<PAGE>

         and other instruments, in accordance with Section 3.5 of the Indenture,
         necessary to protect the Trust Estate (Section 3.5);

                  (x) the delivery 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 Trust Estate, and the annual
         delivery of the Officers' 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);

                  (xi) the identification to the Indenture Trustee in an
         Officers' Certificate of a Person with whom the Issuer has contracted
         to perform its duties under the Indenture (Section 3.7(b));

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

                  (xiii) the preparation and obtaining of documents and
         instruments required for the release of the Issuer from its obligations
         under the Indenture (Section 3.10(b));

                  (xiv) the delivery of notice to the Indenture Trustee of each
         Event of Default and each default by the Servicer or Seller under the
         Sale and Servicing Agreement (Section 3.19);

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

                  (xvi) the compliance with any written directive of the
         Indenture Trustee with respect to the sale of the Trust Estate in a
         commercially reasonable manner if an Event of Default shall have
         occurred and be continuing (Section 5.4);

                  (xvii) the furnishing to 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);

                  (xviii) the preparation, execution and filing with the
         Commission 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 the
         transmission of such summaries, as necessary, to the Noteholders
         (Section 7.3);

                  (xix) the opening of one or more accounts in the Trust's name,
         the preparation of Issuer Orders, Officers' Certificates and Opinions
         of Counsel and all other actions necessary with respect to investment
         and reinvestment of funds in the Trust Accounts (Sections 8.2 and 8.3);

                                      3
<PAGE>

                  (xx) the preparation of an Issuer Request and Officers'
         Certificate and the obtaining of an Opinion of Counsel and Independent
         Certificates, if necessary, for the release of the Trust Estate as
         defined in the Indenture (Sections 8.4 and 8.5);

                  (xxi) the preparation of Issuer Orders 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, 9.2 and 9.3);

                  (xxii) the execution and delivery of new Notes conforming to
         any supplemental indenture (Section 9.6);

                  (xxiii) the notification of Noteholders of redemption of the
         Notes or the duty to cause the Indenture Trustee to provide such
         notification (Section 10.2);

                  (xxiv) the preparation of all Officers' 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));

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

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

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

         (b) Duties with Respect to the Trust. (i) In addition to the duties of
the Administrator set forth above, the Administrator shall perform such
calculations, and shall prepare for execution by the Issuer or the 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 Trustee to perform, prepare, file or deliver pursuant
to the Related Agreements, and at the request of the Trustee shall take all
appropriate action that it is the duty of the Issuer or the Trustee to take
pursuant to the Related Agreements. Subject to Section 5 of this Agreement, and
in accordance with the directions of the Trustee, the Administrator shall
administer, perform or supervise the performance of such other activities in
connection with the Collateral (including the Related Agreements) as are not
covered by any of the foregoing and as are expressly requested by the Trustee
and are reasonably within the capability of the Administrator.

                  (ii) Notwithstanding anything in this Agreement or the Related
         Agreements to the contrary, if any Certificates are held by any Person
         other than the Depositor the Administrator shall be responsible for
         promptly notifying the Trustee in the event that any withholding tax is
         imposed on the Trust's payments (or allocations of income) to an Owner
         as contemplated in Section 5.2(c) of the Trust Agreement. Any such
         notice shall specify the amount of any withholding tax required to be
         withheld by the Trustee pursuant to such provision.

                                      4
<PAGE>

                  (iii) Notwithstanding anything in this Agreement or the
         Related Agreements to the contrary, the Administrator shall be
         responsible for performance of the duties of the Trustee (if any) set
         forth in Sections 5.5(a), (b), (c) and (d), the penultimate sentence of
         Section 5.5 and Section 5.6(a) of the Trust Agreement with respect to,
         among other things, accounting and reports to Owners; provided,
         however, that the Trustee shall retain responsibility for the
         distribution of the Schedule K-1s necessary to enable each Owner to
         prepare its Federal and State income tax returns.

                  (iv) If any Certificates are held by any Person other than the
         Depositor, the Administrator shall satisfy its obligations with respect
         to clauses (ii) and (iii) by retaining, at the expense of the Trust
         payable by the Servicer, a firm of independent certified public
         accountants (the "Accountants") acceptable to the Trustee, which
         Accountants shall perform the obligations of the Administrator
         thereunder. In connection with clause (ii), the Accountants will
         provide prior to November 19, 2002, a letter in form and substance
         satisfactory to the Trustee as to whether any tax withholding is then
         required and, if required, the procedures to be followed with respect
         thereto to comply with the requirements of the Code. The Accountants
         shall be required to update the letter in each instance that any
         additional tax withholding is subsequently required or any previously
         required tax withholding shall no longer be required.

                  (v) The Administrator shall perform the duties of the
         Administrator specified in Section 10.2 of the Trust Agreement required
         to be performed in connection with the resignation or removal of the
         Trustee, 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) The Administrator hereby agrees to execute on behalf of
         the Issuer all such documents, reports, filings, instruments,
         certificates and opinions as it shall be the duty of the Issuer to
         prepare, file or deliver pursuant to the Basic Documents or otherwise
         by law.

         (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 Trustee of the proposed
action and the 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 amendment of or any supplement to the
                  Indenture;

                                      5
<PAGE>

                           (B) 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);

                           (C) the amendment, change or modification of the
                  Related Agreements;

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

                           (E) 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 under the Related Agreements,
         (y) sell the Trust Estate pursuant to Section 5.4 of the Indenture or
         (z) take any other action that the Issuer directs the Administrator not
         to take on its behalf.

         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
Indenture Trustee and the Depositor at any time during normal business hours.

         3. Compensation. As compensation for the performance of the
Administrator's obligations under this Agreement and as reimbursement for its
expenses related thereto, the Administrator shall be entitled to $500 per
quarter payable in arrears on each Payment Date, which payment shall be solely
an obligation of the Issuer.

         4. Additional Information To Be Furnished to the Issuer. The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request.

         5. Independence of the 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 Trustee with respect to the
manner in which it accomplishes the performance of its obligations hereunder.
Unless expressly authorized by the Issuer, the Administrator shall have no
authority to act for or represent the Issuer or the Trustee in any way (other
than as permitted hereunder) and shall not otherwise be deemed an agent of the
Issuer or the Trustee.

         6. No Joint Venture. Nothing contained in this Agreement: (i) shall
constitute the Administrator and either of the Issuer or the Trustee as members
of any partnership, joint venture, association, syndicate, unincorporated
business or other separate entity, (ii) shall be construed to impose any
liability as such on any of them or (iii) shall 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.

                                      6
<PAGE>

         7. Other Activities of the Administrator. Nothing herein shall prevent
the Administrator or its Affiliates from engaging in other businesses or, in
their sole discretion, from acting in a similar capacity as an administrator for
any other Person even though such Person may engage in business activities
similar to those of the Issuer, the Trustee or the Indenture Trustee.

         8. Term of Agreement; Resignation and Removal of the Administrator. (a)
This Agreement shall continue in force until the dissolution of the Issuer, upon
which event this Agreement shall automatically terminate.

         (b) Subject to Section 8(e), the Administrator may resign its duties
hereunder by providing the Issuer, the Trustee, the Indenture Trustee and the
Servicer with at least 60 days' prior written notice.

         (c) Subject to Section 8(e), the Issuer may remove the Administrator
without cause by providing the Administrator, the Trustee, the Indenture Trustee
and the Servicer with at least 60 days' prior written notice.

         (d) Subject to Section 8(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, the Trustee, the Indenture Trustee and the
Servicer 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 ten 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 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 clauses
(ii) or (iii) of this subsection shall occur, it shall give written notice
thereof to the Issuer, the Servicer, the Trustee and the Indenture Trustee
within seven days after the happening of such event.

         (e) Upon the Administrator's receipt of notice of termination, pursuant
to Sections 8(c) or (d), or the Administrator's resignation in accordance with

                                      7
<PAGE>

this Agreement, the predecessor Administrator shall continue to perform its
functions as Administrator under this Agreement, in the case of termination,
only until the date specified in such termination notice or, if no such date is
specified in a notice of termination, until receipt of such notice and, in the
case of resignation, until the later of: (x) the date 45 days from the delivery
to the Issuer, the Trustee, the Indenture Trustee and the Servicer of written
notice of such resignation (or written confirmation of such notice) in
accordance with this Agreement and (y) the date upon which the predecessor
Administrator shall become unable to act as Administrator, as specified in the
notice of resignation and accompanying Opinion of Counsel. In the event of the
Administrator's termination hereunder, the Issuer shall appoint a successor
Administrator acceptable to the Indenture Trustee, and the successor
Administrator shall accept its appointment by a written assumption in form
acceptable to the Indenture Trustee. In the event that a successor Administrator
has not been appointed at the time when the predecessor Administrator has ceased
to act as Administrator in accordance with this Section, the Indenture Trustee
without further action shall automatically be appointed the successor
Administrator and the Indenture Trustee shall be entitled to the compensation
specified in Section 3. Notwithstanding the above, the Indenture Trustee shall,
if it shall be unwilling or unable so to act, appoint or petition a court of
competent jurisdiction to appoint any established institution having a net worth
of not less than $50,000,000 and whose regular business shall include the
performance of functions similar to those of the Administrator, as the successor
to the Administrator under this Agreement.

         (f) Upon appointment, the successor Administrator (including the
Indenture Trustee acting as successor Administrator) shall be the successor in
all respects to the predecessor Administrator and shall be subject to all the
responsibilities, duties and liabilities arising thereafter relating thereto
placed on the predecessor Administrator and shall be entitled to the
compensation specified in Section 3 and all the rights granted to the
predecessor Administrator by the terms and provisions of this Agreement.

         (g) Except when and if the Indenture Trustee is appointed successor
Administrator, the Administrator may not resign unless it is prohibited from
serving as such by law as evidenced by an Opinion of Counsel to such effect
delivered to the Indenture Trustee. 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.

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

         9. Action upon Termination, Resignation or Removal. Promptly upon the
effective date of termination of this Agreement pursuant to Section 8(a), or the
resignation or removal of the Administrator pursuant to Section 8(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 such termination
pursuant to Section 8(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 Section
8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and
the Indenture Trustee and take all reasonable steps requested to assist the

                                      8
<PAGE>

Issuer and the Indenture Trustee in making an orderly transfer of the duties of
the Administrator.

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

         (a) if to the Issuer or the Trustee, to:

                           CNH Equipment Trust 2003-A
                           c/o The Bank of New York
                           101 Barclay Street, Floor 8W
                           New York, New York  10286
                           Attn: Corporate Trust Administration - Asset Backed
                                 Finance Unit

         (b) if to the Administrator, to:

                           Case Credit Corporation
                           233 Lake Avenue
                           Racine, Wisconsin 53403
                           Attention: Treasurer

         (c) if to the Indenture Trustee, to:

                           JPMorgan Chase Bank
                           4 New York Plaza, 6th Floor
                           New York, New York  10004
                           Attention: Institutional Trust Services Group

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.

         11. 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 Indenture Trustee, with the written consent of the Trustee, but without
the consent of any of the Noteholders or the Certificateholders, to cure any
ambiguity, to correct or supplement provisions of this Agreement or 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 Certificateholders; provided, however, that such
amendment shall not, as evidenced by an Opinion of Counsel satisfactory to the
Indenture Trustee, adversely affect in any material respect the interests of any
Noteholder or Certificateholder.

         This Agreement may also be amended from time to time by the Issuer, the
Administrator and the Indenture Trustee with the written consent of (w) the
Trustee, (x) Noteholders holding Notes evidencing not less than a majority of
the Note Balance and (y) the Holders of Certificates evidencing not less than a
majority of the Certificate Balance, for the purpose of adding any provisions to
or changing in any manner or eliminating any of the provisions of this Agreement

                                      9
<PAGE>

or of modifying in any manner the rights of the Noteholders or the
Certificateholders; provided, however, that no such amendment shall: (i)
increase or reduce in any manner the amount of, or accelerate or delay the
timing of, collections of payments on Receivables or distributions that are
required to be made for the benefit of the Noteholders or the Certificateholders
or (ii) reduce the aforesaid percentage of the Holders of Notes and Certificates
that are required to consent to any such amendment, without the consent of the
Holders of all the outstanding Notes and Certificates. Notwithstanding the
foregoing, the Administrator may not amend this Agreement without the permission
of the Depositor, which permission shall not be unreasonably withheld.

         Promptly after the execution of any such amendment or consent (or, in
the case of the Rating Agencies, 10 days prior thereto), the Administrator shall
furnish written notification of the substance of such amendment or consent to
each Certificateholder, the Trustee, the Indenture Trustee and each of the
Rating Agencies.

         It shall not be necessary for the consent of the Certificateholders or
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.

         12. Successors and Assigns. This Agreement may not be assigned by the
Administrator unless such assignment is previously consented to in writing by
the Issuer, the Indenture Trustee and the Trustee and subject to the
satisfaction of the Rating Agency Condition in respect thereof. 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 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 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.

         13. Governing Law. This Agreement shall be construed in accordance with
the laws of the State of New York, 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.

         14. 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.

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

         16. 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.

                                      10
<PAGE>

         17. Not Applicable to Case Credit Corporation in Other Capacities.
Nothing in this Agreement shall affect any obligation Case Credit Corporation
may have in any other capacity.

         18. Limitation of Liability of the Trustee and the Indenture Trustee.
(a) Notwithstanding anything contained herein to the contrary, this instrument
has been countersigned by The Bank of New York, not in its individual capacity
but solely in its capacity as Trustee of the Issuer, and in no event shall The
Bank of New York, 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. For all purposes of
this Agreement, in the performance of any duties or obligations of the Issuer
thereunder, the Trustee shall be subject to, and entitled to the benefits of,
the terms and provisions of Articles VI, VII and VIII of the Trust Agreement.

         (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been countersigned by JPMorgan Chase Bank, not in its individual
capacity but solely as Indenture Trustee, and in no event shall JPMorgan Chase
Bank 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.

         19. Third-Party Beneficiary. The 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.

         20. Indemnification. The Administrator shall indemnify the Trustee and
the Indenture Trustee (and their officers, directors, employees and agents) for,
and hold them harmless against, any losses, liability or expense, including
attorneys' fees reasonably incurred by them, incurred without negligence or bad
faith on their part, arising out of or in connection with: (i) actions taken by
either of them pursuant to instructions given by the Administrator pursuant to
this Agreement or (ii) the failure of the Administrator to perform its
obligations hereunder. The indemnities contained in this Section shall survive
the termination of this Agreement and the resignation or removal of the
Administrator, the Trustee or the Indenture Trustee.

                                      11
<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.

                        CNH EQUIPMENT TRUST 2003-A

                        By: THE BANK OF NEW YORK,
                               not in its individual capacity but solely as
                               Trustee on behalf of the Issuer

                               By:  /s/ Erwin Soriano
                                   ---------------------------------
                                   Name:  Erwin Soriano

                        JPMORGAN CHASE BANK,
                               not in its individual capacity but solely as
                               Indenture Trustee

                               By:  /s/ Joseph M. Constantino
                                   ---------------------------------
                                   Name:  Joseph M. Constantino

                        CASE CREDIT CORPORATION,
                               as Administrator

                               By:  /s/ Brian O'Keane
                                   ---------------------------------
                                   Name:  Brian O'Keane
                                   Title: Assistant Treasurer

Accepted and agreed:

THE BANK OF NEW YORK,
       not in its individual capacity but
       solely as Trustee under the Trust Agreement

By:  /s/ Erwin Soriano
    ---------------------------------
    Name:  Erwin Soriano

                                 S-1

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