Document:

EXHIBIT 10.1

                                                           CCR&W Draft - 7/23/02
(Multicurrency--Cross Border)

                                     ISDA(R)

              International Swaps and Derivatives Association, Inc.

                                MASTER AGREEMENT
                        dated as of ____________________

            _______________________ and _______________________, have entered
and/or anticipate entering into one or more transactions (each a "Transaction")
that are or will be governed by this Master Agreement, which includes the
schedule (the "Schedule"), and the documents and other confirming evidence (each
a "Confirmation") exchanged between the parties confirming those Transactions.

Accordingly, the parties agree as follows:--

1.    Interpretation

(a) Definitions. The terms defined in Section 14 and in the Schedule will have
the meanings therein specified for the purpose of this Master Agreement.

(b) Inconsistency. In the event of any inconsistency between the provisions of
the Schedule and the other provisions of this Master Agreement, the Schedule
will prevail. In the event of any inconsistency between the provisions of any
Confirmation and this Master Agreement (including the Schedule), such
Confirmation will prevail for the purpose of the relevant Transaction.

(c) Single Agreement. All Transactions are entered into in reliance on the fact
that this Master Agreement and all Confirmations form a single agreement between
the parties (collectively referred to as this "Agreement"), and the parties
would not otherwise enter into any Transactions.

2.    Obligations

(a) General Conditions.

      (i) Each party will make each payment or delivery specified in each
      Confirmation to be made by it, subject to the other provisions of this
      Agreement.

      (ii) Payments under this Agreement will be made on the due date for value
      on that date in the place of the account specified in the relevant
      Confirmation or otherwise pursuant to this Agreement, in freely
      transferable funds and in the manner customary for payments in the
      required currency. Where settlement is by delivery (that is, other than by
      payment), such delivery will be made for receipt on the due date in the
      manner customary for the relevant obligation unless otherwise specified in
      the relevant Confirmation or elsewhere in this Agreement.

      (iii) Each obligation of each party under Section 2(a)(i) is subject to
      (1) the condition precedent that no Event of Default or Potential Event of
      Default with respect to the other party has occurred and is continuing,

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      (2) the condition precedent that no Early Termination Date in respect of
      the relevant Transaction has occurred or been effectively designated and
      (3) each other applicable condition precedent specified in this Agreement.

(b) Change of Account. Either party may change its account for receiving a
payment or delivery by giving notice to the other party at least five Local
Business Days prior to the scheduled date for the payment or delivery to which
such change applies unless such other party gives timely notice of a reasonable
objection to such change.

(c) Netting. If on any date amounts would otherwise be payable:--

      (i) in the same currency; and

      (ii) in respect of the same Transaction,

by each party to the other, then, on such date, each party's obligation to make
payment of any such amount will be automatically satisfied and discharged and,
if the aggregate amount that would otherwise have been payable by one party
exceeds the aggregate amount that would otherwise have been payable by the other
party, replaced by an obligation upon the party by whom the larger aggregate
amount would have been payable to pay to the other party the excess of the
larger aggregate amount over the smaller aggregate amount.

The parties may elect in respect of two or more Transactions that a net amount
will be determined in respect of all amounts payable on the same date in the
same currency in respect of such Transactions, regardless of whether such
amounts are payable in respect of the same Transaction. The election may be made
in the Schedule or a Confirmation by specifying that subparagraph (ii) above
will not apply to the Transactions identified as being subject to the election,
together with the starting date (in which case subparagraph (ii) above will not,
or will cease to, apply to such Transactions from such date). This election may
be made separately for different groups of Transactions and will apply
separately to each pairing of Offices through which the parties make and receive
payments or deliveries.

(d) Deduction or Withholding for Tax.

      (i) Gross-Up. All payments under this Agreement will be made without any
      deduction or withholding for or on account of any Tax unless such
      deduction or withholding is required by any applicable law, as modified by
      the practice of any relevant governmental revenue authority, then in
      effect. If a party is so required to deduct or withhold, then that party
      ("X") will:--

            (1) promptly notify the other party ("Y") of such requirement;

            (2) pay to the relevant authorities the full amount required to be
            deducted or withheld (including the full amount required to be
            deducted or withheld from any additional amount paid by X to Y under
            this Section 2(d)) promptly upon the earlier of determining that
            such deduction or withholding is required or receiving notice that
            such amount has been assessed against Y;

            (3) promptly forward to Y an official receipt (or a certified copy),
            or other documentation reasonably acceptable to Y, evidencing such
            payment to such authorities; and

            (4) if such Tax is an Indemnifiable Tax, pay to Y, in addition to
            the payment to which Y is otherwise entitled under this Agreement,
            such additional amount as is necessary to ensure that the net amount
            actually received by Y (free and clear of Indemnifiable Taxes,
            whether assessed against X or Y) will equal the full amount Y would
            have received had no such deduction or withholding been required.
            However, X will not be required to pay any additional amount to Y to
            the extent that it would not be required to be paid but for:--

                  (A) the failure by Y to comply with or perform any agreement
                  contained in Section 4(a)(i), 4(a)(iii) or 4(d); or

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                  (B) the failure of a representation made by Y pursuant to
                  Section 3(f) to be accurate and true unless such failure would
                  not have occurred but for (I) any action taken by a taxing
                  authority, or brought in a court of competent jurisdiction, on
                  or after the date on which a Transaction is entered into
                  (regardless of whether such action is taken or brought with
                  respect to a party to this Agreement) or (II) a Change in Tax
                  Law.

      (ii) Liability. If:--

            (1) X is required by any applicable law, as modified by the practice
            of any relevant governmental revenue authority, to make any
            deduction or withholding in respect of which X would not be required
            to pay an additional amount to Y under Section 2(d)(i)(4);

            (2) X does not so deduct or withhold; and

            (3) a liability resulting from such Tax is assessed directly against
            X,

      then, except to the extent Y has satisfied or then satisfies the liability
      resulting from such Tax, Y will promptly pay to X the amount of such
      liability (including any related liability for interest, but including any
      related liability for penalties only if Y has failed to comply with or
      perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)).

(e) Default Interest; Other Amounts. Prior to the occurrence or effective
designation of an Early Termination Date in respect of the relevant Transaction,
a party that defaults in the performance of any payment obligation will, to the
extent permitted by law and subject to Section 6(c), be required to pay interest
(before as well as after judgment) on the overdue amount to the other party on
demand in the same currency as such overdue amount, for the period from (and
including) the original due date for payment to (but excluding) the date of
actual payment, at the Default Rate. Such interest will be calculated on the
basis of daily compounding and the actual number of days elapsed. If, prior to
the occurrence or effective designation of an Early Termination Date in respect
of the relevant Transaction, a party defaults in the performance of any
obligation required to be settled by delivery, it will compensate the other
party on demand if and to the extent provided for in the relevant Confirmation
or elsewhere in this Agreement.

3. Representations

Each party represents to the other party (which representations will be deemed
to be repeated by each party on each date on which a Transaction is entered into
and, in the case of the representations in Section 3(f), at all times until the
termination of this Agreement) that:--

(a) Basic Representations.

      (i) Status. It is duly organized and validly existing under the laws of
      the jurisdiction of its organization or incorporation and, if relevant
      under such laws, in good standing;

      (ii) Powers. It has the power to execute this Agreement and any other
      documentation relating to this Agreement to which it is a party, to
      deliver this Agreement and any other documentation relating to this
      Agreement that it is required by this Agreement to deliver and to perform
      its obligations under this Agreement and any obligations it has under any
      Credit Support Document to which it is a party and has taken all necessary
      action to authorize such execution, delivery and performance;

      (iii) No Violation or Conflict. Such execution, delivery and performance
      do not violate or conflict with any law applicable to it, any provision of
      its constitutional documents, any order or judgment of any court or other
      agency of government applicable to it or any of its assets or any
      contractual restriction binding on or affecting it or any of its assets;

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      (iv) Consents. All governmental and other consents that are required to
      have been obtained by it with respect to this Agreement or any Credit
      Support Document to which it is a party have been obtained and are in full
      force and effect and all conditions of any such consents have been
      complied with; and

      (v) Obligations Binding. Its obligations under this Agreement and any
      Credit Support Document to which it is a party constitute its legal, valid
      and binding obligations, enforceable in accordance with their respective
      terms (subject to applicable bankruptcy, reorganization, insolvency,
      moratorium or similar laws affecting creditors' rights generally and
      subject, as to enforceability, to equitable principles of general
      application (regardless of whether enforcement is sought in a proceeding
      in equity or at law)).

(b) Absence of Certain Events. No Event of Default or Potential Event of Default
or, to its knowledge, Termination Event with respect to it has occurred and is
continuing and no such event or circumstance would occur as a result of its
entering into or performing its obligations under this Agreement or any Credit
Support Document to which it is a party.

(c) Absence of Litigation. There is not pending or, to its knowledge, threatened
against it or any of its Affiliates any action, suit or proceeding at law or in
equity or before any court, tribunal, governmental body, agency or official or
any arbitrator that is likely to affect the legality, validity or enforceability
against it of this Agreement or any Credit Support Document to which it is a
party or its ability to perform its obligations under this Agreement or such
Credit Support Document.

(d) Accuracy of Specified Information. All applicable information that is
furnished in writing by or on behalf of it to the other party and is identified
for the purpose of this Section 3(d) in the Schedule is, as of the date of the
information, true, accurate and complete in every material respect.

(e) Payer Tax Representation. Each representation specified in the Schedule as
being made by it for the purpose of this Section 3(e) is accurate and true.

(f) Payee Tax Representations. Each representation specified in the Schedule as
being made by it for the purpose of this Section 3(f) is accurate and true.

4. Agreements

Each party agrees with the other that, so long as either party has or may have
any obligation under this Agreement or under any Credit Support Document to
which it is a party:--

(a) Furnish Specified Information. It will deliver to the other party or, in
certain cases under subparagraph (iii) below, to such government or taxing
authority as the other party reasonably directs:--

      (i) any forms, documents or certificates relating to taxation specified in
      the Schedule or any Confirmation;

      (ii) any other documents specified in the Schedule or any Confirmation;
      and

      (iii) upon reasonable demand by such other party, any form or document
      that may be required or reasonably requested in writing in order to allow
      such other party or its Credit Support Provider to make a payment under
      this Agreement or any applicable Credit Support Document without any
      deduction or withholding for or on account of any Tax or with such
      deduction or withholding at a reduced rate (so long as the completion,
      execution or submission of such form or document would not materially
      prejudice the legal or commercial position of the party in receipt of such
      demand), with any such form or document to be accurate and completed in a
      manner reasonably satisfactory to such other party and to be executed and
      to be delivered with any reasonably required certification,

in each case by the date specified in the Schedule or such Confirmation or, if
none is specified. as soon as reasonably practicable.

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(b) Maintain Authorizations. It will use all reasonable efforts to maintain in
full force and effect all consents of any governmental or other authority that
are required to be obtained by it with respect to this Agreement or any Credit
Support Document to which it is a party and will use all reasonable efforts to
obtain any that may become necessary in the future.

(c) Comply with Laws. It will comply in all material respects with all
applicable laws and orders to which it may be subject if failure so to comply
would materially impair its ability to perform its obligations under this
Agreement or any Credit Support Document to which it is a party.

(d) Tax Agreement. It will give notice of any failure of a representation made
by it under Section 3(f) to be accurate and true promptly upon learning of such
failure.

(e) Payment of Stamp Tax. Subject to Section 11, it will pay any Stamp Tax
levied or imposed upon it or in respect of its execution or performance of this
Agreement by a jurisdiction in which it is incorporated, organized, managed and
controlled, or considered to have its seat, or in which a branch or office
through which it is acting for the purpose of this Agreement is located ("Stamp
Tax Jurisdiction") and will indemnify the other party against any Stamp Tax
levied or imposed upon the other party or in respect of the other party's
execution or performance of this Agreement by any such Stamp Tax Jurisdiction
which is not also a Stamp Tax Jurisdiction with respect to the other party.

5. Events of Default and Termination Events

(a) Events of Default. The occurrence at any time with respect to a party or, if
applicable, any Credit Support Provider of such party or any Specified Entity of
such party of any of the following events constitutes an event of default (an
"Event of Default") with respect to such party:--

      (i) Failure to Pay or Deliver. Failure by the party to make, when due, any
      payment under this Agreement or delivery under Section 2(a)(i) or 2(e)
      required to be made by it if such failure is not remedied on or before the
      third Local Business Day after notice of such failure is given to the
      party;

      (ii) Breach of Agreement. Failure by the party to comply with or perform
      any agreement or obligation (other than an obligation to make any payment
      under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give
      notice of a Termination Event or any agreement or obligation under Section
      4(a)(i), 4(a)(iii) or 4(d)) to be complied with or performed by the party
      in accordance with this Agreement if such failure is not remedied on or
      before the thirtieth day after notice of such failure is given to the
      party;

      (iii) Credit Support Default.

            (1) Failure by the party or any Credit Support Provider of such
            party to comply with or perform any agreement or obligation to be
            complied with or performed by it in accordance with any Credit
            Support Document if such failure is continuing after any applicable
            grace period has elapsed;

            (2) the expiration or termination of such Credit Support Document or
            the failing or ceasing of such Credit Support Document to be in full
            force and effect for the purpose of this Agreement (in either case
            other than in accordance with its terms) prior to the satisfaction
            of all obligations of such party under each Transaction to which
            such Credit Support Document relates without the written consent of
            the other party; or

            (3) the party or such Credit Support Provider disaffirms, disclaims,
            repudiates or rejects, in whole or in part, or challenges the
            validity of, such Credit Support Document;

      (iv) Misrepresentation. A representation (other than a representation
      under Section 3(e) or (f)) made or repeated or deemed to have been made or
      repeated by the party or any Credit Support Provider of such party

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      in this Agreement or any Credit Support Document proves to have been
      incorrect or misleading in any material respect when made or repeated or
      deemed to have been made or repeated;

      (v) Default under Specified Transaction. The party, any Credit Support
      Provider of such party or any applicable Specified Entity of such party
      (1) defaults under a Specified Transaction and, after giving effect to any
      applicable notice requirement or grace period, there occurs a liquidation
      of, an acceleration of obligations under, or an early termination of, that
      Specified Transaction, (2) defaults, after giving effect to any applicable
      notice requirement or grace period, in making any payment or delivery due
      on the last payment, delivery or exchange date of, or any payment on early
      termination of, a Specified Transaction (or such default continues for at
      least three Local Business Days if there is no applicable notice
      requirement or grace period) or (3) disaffirms, disclaims, repudiates or
      rejects, in whole or in part, a Specified Transaction (or such action is
      taken by any person or entity appointed or empowered to operate it or act
      on its behalf);

      (vi) Cross Default. If "Cross Default" is specified in the Schedule as
      applying to the party, the occurrence or existence of (1) a default, event
      of default or other similar condition or event (however described) in
      respect of such party, any Credit Support Provider of such party or any
      applicable Specified Entity of such party under one or more agreements or
      instruments relating to Specified Indebtedness of any of them
      (individually or collectively) in an aggregate amount of not less than the
      applicable Threshold Amount (as specified in the Schedule) which has
      resulted in such Specified Indebtedness becoming, or becoming capable at
      such time of being declared, due and payable under such agreements or
      instruments, before it would otherwise have been due and payable or (2) a
      default by such party, such Credit Support Provider or such Specified
      Entity (individually or collectively) in making one or more payments on
      the due date thereof in an aggregate amount of not less than the
      applicable Threshold Amount under such agreements or instruments (after
      giving effect to any applicable notice requirement or grace period);

      (vii) Bankruptcy. The party, any Credit Support Provider of such party or
      any applicable Specified Entity of such party:--

            (1) is dissolved (other than pursuant to a consolidation,
            amalgamation or merger); (2) becomes insolvent or is unable to pay
            its debts or fails or admits in writing its inability generally to
            pay its debts as they become due; (3) makes a general assignment,
            arrangement or composition with or for the benefit of its creditors;
            (4) institutes or has instituted against it a proceeding seeking a
            judgment of insolvency or bankruptcy or any other relief under any
            bankruptcy or insolvency law or other similar law affecting
            creditors' rights, or a petition is presented for its winding-up or
            liquidation, and, in the case of any such proceeding or petition
            instituted or presented against it, such proceeding or petition (A)
            results in a judgment of insolvency or bankruptcy or the entry of an
            order for relief or the making of an order for its winding-up or
            liquidation or (B) is not dismissed, discharged, stayed or
            restrained in each case within 30 days of the institution or
            presentation thereof; (5) has a resolution passed for its
            winding-up, official management or liquidation (other than pursuant
            to a consolidation, amalgamation or merger); (6) seeks or becomes
            subject to the appointment of an administrator, provisional
            liquidator, conservator, receiver, trustee, custodian or other
            similar official for it or for all or substantially all its assets;
            (7) has a secured party take possession of all or substantially all
            its assets or has a distress, execution, attachment, sequestration
            or other legal process levied, enforced or sued on or against all or
            substantially all its assets and such secured party maintains
            possession, or any such process is not dismissed, discharged, stayed
            or restrained, in each case within 30 days thereafter; (8) causes or
            is subject to any event with respect to it which, under the
            applicable laws of any jurisdiction, has an analogous effect to any
            of the events specified in clauses (1) to (7) (inclusive); or (9)
            takes any action in furtherance of, or indicating its consent to,
            approval of, or acquiescence in, any of the foregoing acts; or

      (viii) Merger Without Assumption. The party or any Credit Support Provider
      of such party consolidates or amalgamates with, or merges with or into, or
      transfers all or substantially all its assets to, another entity and, at
      the time of such consolidation, amalgamation, merger or transfer:--

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            (1) the resulting, surviving or transferee entity fails to assume
            all the obligations of such party or such Credit Support Provider
            under this Agreement or any Credit Support Document to which it or
            its predecessor was a party by operation of law or pursuant to an
            agreement reasonably satisfactory to the other party to this
            Agreement; or

            (2) the benefits of any Credit Support Document fail to extend
            (without the consent of the other party) to the performance by such
            resulting, surviving or transferee entity of its obligations under
            this Agreement.

(b) Termination Events. The occurrence at any time with respect to a party or,
if applicable, any Credit Support Provider of such party or any Specified Entity
of such party of any event specified below constitutes an Illegality if the
event is specified in (i) below, a Tax Event if the event is specified in (ii)
below or a Tax Event Upon Merger if the event is specified in (iii) below, and,
if specified to be applicable, a Credit Event Upon Merger if the event is
specified pursuant to (iv) below or an Additional Termination Event if the event
is specified pursuant to (v) below:--

      (i) Illegality. Due to the adoption of, or any change in, any applicable
      law after the date on which a Transaction is entered into, or due to the
      promulgation of, or any change in, the interpretation by any court,
      tribunal or regulatory authority with competent jurisdiction of any
      applicable law after such date, it becomes unlawful (other than as a
      result of a breach by the party of Section 4(b)) for such party (which
      will be the Affected Party):--

            (1) to perform any absolute or contingent obligation to make a
            payment or delivery or to receive a payment or delivery in respect
            of such Transaction or to comply with any other material provision
            of this Agreement relating to such Transaction; or

            (2) to perform, or for any Credit Support Provider of such party to
            perform, any contingent or other obligation which the party (or such
            Credit Support Provider) has under any Credit Support Document
            relating to such Transaction;

      (ii) Tax Event. Due to (x) any action taken by a taxing authority, or
      brought in a court of competent jurisdiction, on or after the date on
      which a Transaction is entered into (regardless of whether such action is
      taken or brought with respect to a party to this Agreement) or (y) a
      Change in Tax Law, the party (which will be the Affected Party) will, or
      there is a substantial likelihood that it will, on the next succeeding
      Scheduled Payment Date (1) be required to pay to the other party an
      additional amount in respect of an Indemnifiable Tax under Section
      2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or
      6(e)) or (2) receive a payment from which an amount is required to be
      deducted or withheld for or on account of a Tax (except in respect of
      interest under Section 2(e), 6(d)(ii) or 6(e)) and no additional amount is
      required to be paid in respect of such Tax under Section 2(d)(i)(4) (other
      than by reason of Section 2(d)(i)(4)(A) or (B));

      (iii) Tax Event Upon Merger. The party (the "Burdened Party") on the next
      succeeding Scheduled Payment Date will either (1) be required to pay an
      additional amount in respect of an Indemnifiable Tax under Section
      2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or
      6(e)) or (2) receive a payment from which an amount has been deducted or
      withheld for or on account of any Indemnifiable Tax in respect of which
      the other party is not required to pay an additional amount (other than by
      reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a
      party consolidating or amalgamating with, or merging with or into, or
      transferring all or substantially all its assets to, another entity (which
      will be the Affected Party) where such action does not constitute an event
      described in Section 5(a)(viii);

      (iv) Credit Event Upon Merger. If "Credit Event Upon Merger" is specified
      in the Schedule as applying to the party, such party ("X"), any Credit
      Support Provider of X or any applicable Specified Entity of X consolidates
      or amalgamates with, or merges with or into, or transfers all or
      substantially all its assets to, another entity and such action does not
      constitute an event described in Section 5(a)(viii) but the
      creditworthiness of the resulting, surviving or transferee entity is
      materially weaker than that of X, such Credit Support Provider or such
      Specified Entity, as the case may be, immediately prior to such action
      (and, in such event, X or its successor or transferee, as appropriate,
      will be the Affected Party); or

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      (v) Additional Termination Event. If any "Additional Termination Event" is
      specified in the Schedule or any Confirmation as applying, the occurrence
      of such event (and, in such event, the Affected Party or Affected Parties
      shall be as specified for such Additional Termination Event in the
      Schedule or such Confirmation).

(c) Event of Default and Illegality. If an event or circumstance which would
otherwise constitute or give rise to an Event of Default also constitutes an
Illegality, it will be treated as an Illegality and will not constitute an Event
of Default.

6. Early Termination

(a) Right to Terminate Following Event of Default. If at any time an Event of
Default with respect to a party (the "Defaulting Party") has occurred and is
then continuing, the other party (the "Non-defaulting Party") may, by not more
than 20 days notice to the Defaulting Party specifying the relevant Event of
Default, designate a day not earlier than the day such notice is effective as an
Early Termination Date in respect of all outstanding Transactions. If, however,
"Automatic Early Termination" is specified in the Schedule as applying to a
party, then an Early Termination Date in respect of all outstanding Transactions
will occur immediately upon the occurrence with respect to such party of an
Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the
extent analogous thereto, (8), and as of the time immediately preceding the
institution of the relevant proceeding or the presentation of the relevant
petition upon the occurrence with respect to such party of an Event of Default
specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

(b) Right to Terminate Following Termination Event.

      (i) Notice. If a Termination Event occurs, an Affected Party will,
      promptly upon becoming aware of it, notify the other party, specifying the
      nature of that Termination Event and each Affected Transaction and will
      also give such other information about that Termination Event as the other
      party may reasonably require.

      (ii) Transfer to Avoid Termination Event. If either an Illegality under
      Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected
      Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the
      Affected Party, the Affected Party will, as a condition to its right to
      designate an Early Termination Date under Section 6(b)(iv), use all
      reasonable efforts (which will not require such party to incur a loss,
      excluding immaterial, incidental expenses) to transfer within 20 days
      after it gives notice under Section 6(b)(i) all its rights and obligations
      under this Agreement in respect of the Affected Transactions to another of
      its Offices or Affiliates so that such Termination Event ceases to exist.

      If the Affected Party is not able to make such a transfer it will give
      notice to the other party to that effect within such 20 day period,
      whereupon the other party may effect such a transfer within 30 days after
      the notice is given under Section 6(b)(i).

      Any such transfer by a party under this Section 6(b)(ii) will be subject
      to and conditional upon the prior written consent of the other party,
      which consent will not be withheld if such other party's policies in
      effect at such time would permit it to enter into transactions with the
      transferee on the terms proposed.

      (iii) Two Affected Parties. If an Illegality under Section 5(b)(i)(1) or a
      Tax Event occurs and there are two Affected Parties, each party will use
      all reasonable efforts to reach agreement within 30 days after notice
      thereof is given under Section 6(b)(i) on action to avoid that Termination
      Event.

      (iv) Right to Terminate. If:--

            (1) a transfer under Section 6(b)(ii) or an agreement under Section
            6(b)(iii), as the case may be, has not been effected with respect to
            all Affected Transactions within 30 days after an Affected Party
            gives notice under Section 6(b)(i); or

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            (2) an Illegality under Section 5(b)(i)(2), a Credit Event Upon
            Merger or an Additional Termination Event occurs, or a Tax Event
            Upon Merger occurs and the Burdened Party is not the Affected Party,

      either party in the case of an Illegality, the Burdened Party in the case
      of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event
      or an Additional Termination Event if there is more than one Affected
      Party, or the party which is not the Affected Party in the case of a
      Credit Event Upon Merger or an Additional Termination Event if there is
      only one Affected Party may, by not more than 20 days notice to the other
      party and provided that the relevant Termination Event is then continuing,
      designate a day not earlier than the day such notice is effective as an
      Early Termination Date in respect of all Affected Transactions.

(c) Effect of Designation.

      (i) If notice designating an Early Termination Date is given under Section
      6(a) or (b), the Early Termination Date will occur on the date so
      designated, whether or not the relevant Event of Default or Termination
      Event is then continuing.

      (ii) Upon the occurrence or effective designation of an Early Termination
      Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in
      respect of the Terminated Transactions will be required to be made, but
      without prejudice to the other provisions of this Agreement. The amount,
      if any, payable in respect of an Early Termination Date shall be
      determined pursuant to Section 6(e).

(d) Calculations.

      (i) Statement. On or as soon as reasonably practicable following the
      occurrence of an Early Termination Date, each party will make the
      calculations on its part, if any, contemplated by Section 6(e) and will
      provide to the other party a statement (1) showing, in reasonable detail,
      such calculations (including all relevant quotations and specifying any
      amount payable under Section 6(e)) and (2) giving details of the relevant
      account to which any amount payable to it is to be paid. In the absence of
      written confirmation from the source of a quotation obtained in
      determining a Market Quotation, the records of the party obtaining such
      quotation will be conclusive evidence of the existence and accuracy of
      such quotation.

      (ii) Payment Date. An amount calculated as being due in respect of any
      Early Termination Date under Section 6(e) will be payable on the day that
      notice of the amount payable is effective (in the case of an Early
      Termination Date which is designated or occurs as a result of an Event of
      Default) and on the day which is two Local Business Days after the day on
      which notice of the amount payable is effective (in the case of an Early
      Termination Date which is designated as a result of a Termination Event).
      Such amount will be paid together with (to the extent permitted under
      applicable law) interest thereon (before as well as after judgment) in the
      Termination Currency, from (and including) the relevant Early Termination
      Date to (but excluding) the date such amount is paid, at the Applicable
      Rate. Such interest will be calculated on the basis of daily compounding
      and the actual number of days elapsed.

(e) Payments on Early Termination. If an Early Termination Date occurs, the
following provisions shall apply based on the parties' election in the Schedule
of a payment measure, either "Market Quotation" or "Loss," and a payment method,
either the "First Method" or the "Second Method." If the parties fail to
designate a payment measure or payment method in the Schedule, it will be deemed
that "Market Quotation" or the "Second Method," as the case may be, shall apply.
The amount, if any, payable in respect of an Early Termination Date and
determined pursuant to this Section will be subject to any Set-off.

      (i) Events of Default. If the Early Termination Date results from an Event
      of Default:--

            (1) First Method and Market Quotation. If the First Method and
            Market Quotation apply, the Defaulting Party will pay to the
            Non-defaulting Party the excess, if a positive number, of (A) the
            sum of the Settlement Amount (determined by the Non-defaulting
            Party) in respect of the Terminated Transactions and the Termination
            Currency Equivalent of the Unpaid Amounts owing to the
            Non-

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            defaulting Party over (B) the Termination Currency Equivalent of the
            Unpaid Amounts owing to the Defaulting Party.

            (2) First Method and Loss. If the First Method and Loss apply, the
            Defaulting Party will pay to the Non-defaulting Party, if a positive
            number, the Non-defaulting Party's Loss in respect of this
            Agreement.

            (3) Second Method and Market Quotation. If the Second Method and
            Market Quotation apply, an amount will be payable equal to (A) the
            sum of the Settlement Amount (determined by the Non-defaulting
            Party) in respect of the Terminated Transactions and the Termination
            Currency Equivalent of the Unpaid Amounts owing to the
            Non-defaulting Party less (B) the Termination Currency Equivalent of
            the Unpaid Amounts owing to the Defaulting Party. If that amount is
            a positive number, the Defaulting Party will pay it to the
            Non-defaulting Party; if it is a negative number, the Non-defaulting
            Party will pay the absolute value of that amount to the Defaulting
            Party.

            (4) Second Method and Loss. If the Second Method and Loss apply, an
            amount will be payable equal to the Non-defaulting Party's Loss in
            respect of this Agreement. If that amount is a positive number, the
            Defaulting Party will pay it to the Non-defaulting Party; if it is a
            negative number, the Non-defaulting Party will pay the absolute
            value of that amount to the Defaulting Party.

      (ii) Termination Events. If the Early Termination Date results from a
      Termination Event:--

            (1) One Affected Party. If there is one Affected Party, the amount
            payable will be determined in accordance with Section 6(e)(i)(3), if
            Market Quotation applies, or Section 6(e)(i)(4), if Loss applies,
            except that, in either case, references to the Defaulting Party and
            to the Non-defaulting Party will be deemed to be references to the
            Affected Party and the party which is not the Affected Party,
            respectively, and, if Loss applies and fewer than all the
            Transactions are being terminated, Loss shall be calculated in
            respect of all Terminated Transactions.

            (2) Two Affected Parties. If there are two Affected Parties:--

                  (A) if Market Quotation applies, each party will determine a
                  Settlement Amount in respect of the Terminated Transactions,
                  and an amount will be payable equal to (I) the sum of (a)
                  one-half of the difference between the Settlement Amount of
                  the party with the higher Settlement Amount ("X") and the
                  Settlement Amount of the party with the lower Settlement
                  Amount ("Y") and (b) the Termination Currency Equivalent of
                  the Unpaid Amounts owing to X less (II) the Termination
                  Currency Equivalent of the Unpaid Amounts owing to Y; and

                  (B) if Loss applies, each party will determine its Loss in
                  respect of this Agreement (or, if fewer than all the
                  Transactions are being terminated, in respect of all
                  Terminated Transactions) and an amount will be payable equal
                  to one-half of the difference between the Loss of the party
                  with the higher Loss ("X") and the Loss of the party with the
                  lower Loss ("Y").

            If the amount payable is a positive number, Y will pay it to X; if
            it is a negative number, X will pay the absolute value of that
            amount to Y.

      (iii) Adjustment for Bankruptcy. In circumstances where an Early
      Termination Date occurs because "Automatic Early Termination" applies in
      respect of a party, the amount determined under this Section 6(e) will be
      subject to such adjustments as are appropriate and permitted by law to
      reflect any payments or deliveries made by one party to the other under
      this Agreement (and retained by such other party) during the period from
      the relevant Early Termination Date to the date for payment determined
      under Section 6(d)(ii).

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      (iv) Pre-Estimate. The parties agree that if Market Quotation applies an
      amount recoverable under this Section 6(e) is a reasonable pre-estimate of
      loss and not a penalty. Such amount is payable for the loss of bargain and
      the loss of protection against future risks and except as otherwise
      provided in this Agreement neither party will be entitled to recover any
      additional damages as a consequence of such losses.

7. Transfer

Subject to Section 6(b)(ii), neither this Agreement nor any interest or
obligation in or under this Agreement may be transferred (whether by way of
security or otherwise) by either party without the prior written consent of the
other party, except that:--

(a) a party may make such a transfer of this Agreement pursuant to a
consolidation or amalgamation with, or merger with or into, or transfer of all
or substantially all its assets to, another entity (but without prejudice to any
other right or remedy under this Agreement); and

(b) a party may make such a transfer of all or any part of its interest in any
amount payable to it from a Defaulting Party under Section 6(e).

Any purported transfer that is not in compliance with this Section will be void.

8. Contractual Currency

(a) Payment in the Contractual Currency. Each payment under this Agreement will
be made in the relevant currency specified in this Agreement for that payment
(the "Contractual Currency"). To the extent permitted by applicable law, any
obligation to make payments under this Agreement in the Contractual Currency
will not be discharged or satisfied by any tender in any currency other than the
Contractual Currency, except to the extent such tender results in the actual
receipt by the party to which payment is owed, acting in a reasonable manner and
in good faith in converting the currency so tendered into the Contractual
Currency, of the full amount in the Contractual Currency of all amounts payable
in respect of this Agreement. If for any reason the amount in the Contractual
Currency so received falls short of the amount in the Contractual Currency
payable in respect of this Agreement, the party required to make the payment
will, to the extent permitted by applicable law, immediately pay such additional
amount in the Contractual Currency as may be necessary to compensate for the
shortfall. If for any reason the amount in the Contractual Currency so received
exceeds the amount in the Contractual Currency payable in respect of this
Agreement, the party receiving the payment will refund promptly the amount of
such excess.

(b) Judgments. To the extent permitted by applicable law, if any judgment or
order expressed in a currency other than the Contractual Currency is rendered
(i) for the payment of any amount owing in respect of this Agreement, (ii) for
the payment of any amount relating to any early termination in respect of this
Agreement or (iii) in respect of a judgment or order of another court for the
payment of any amount described in (i) or (ii) above, the party seeking
recovery, after recovery in full of the aggregate amount to which such party is
entitled pursuant to the judgment or order, will be entitled to receive
immediately from the other party the amount of any shortfall of the Contractual
Currency received by such party as a consequence of sums paid in such other
currency and will refund promptly to the other party any excess of the
Contractual Currency received by such party as a consequence of sums paid in
such other currency if such shortfall or such excess arises or results from any
variation between the rate of exchange at which the Contractual Currency is
converted into the currency of the judgment or order for the purposes of such
judgment or order and the rate of exchange at which such party is able, acting
in a reasonable manner and in good faith in converting the currency received
into the Contractual Currency, to purchase the Contractual Currency with the
amount of the currency of the judgment or order actually received by such party.
The term "rate of exchange" includes, without limitation, any premiums and costs
of exchange payable in connection with the purchase of or conversion into the
Contractual Currency.

(c) Separate Indemnities. To the extent permitted by applicable law, these
indemnities constitute separate and independent obligations from the other
obligations in this Agreement, will be enforceable as separate and independent
causes of action, will apply notwithstanding any indulgence granted by the party
to which any payment is owed and

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will not be affected by judgment being obtained or claim or proof being made for
any other sums payable in respect of this Agreement.

(d) Evidence of Loss. For the purpose of this Section 8, it will be sufficient
for a party to demonstrate that it would have suffered a loss had an actual
exchange or purchase been made.

9. Miscellaneous

(a) Entire Agreement. This Agreement constitutes the entire agreement and
understanding of the parties with respect to its subject matter and supersedes
all oral communication and prior writings with respect thereto.

(b) Amendments. No amendment, modification or waiver in respect of this
Agreement will be effective unless in writing (including a writing evidenced by
a facsimile transmission) and executed by each of the parties or confirmed by an
exchange of telexes or electronic messages on an electronic messaging system.

(c) Survival of Obligations. Without prejudice to Sections 2(a)(iii) and
6(c)(ii), the obligations of the parties under this Agreement will survive the
termination of any Transaction.

(d) Remedies Cumulative. Except as provided in this Agreement, the rights,
powers, remedies and privileges provided in this Agreement are cumulative and
not exclusive of any rights, powers, remedies and privileges provided by law.

(e) Counterparts and Confirmations.

      (i) This Agreement (and each amendment, modification and waiver in respect
      of it) may be executed and delivered in counterparts (including by
      facsimile transmission), each of which will be deemed an original.

      (ii) The parties intend that they are legally bound by the terms of each
      Transaction from the moment they agree to those terms (whether orally or
      otherwise). A Confirmation shall be entered into as soon as practicable
      and may be executed and delivered in counterparts (including by facsimile
      transmission) or be created by an exchange of telexes or by an exchange of
      electronic messages on an electronic messaging system, which in each case
      will be sufficient for all purposes to evidence a binding supplement to
      this Agreement. The parties will specify therein or through another
      effective means that any such counterpart, telex or electronic message
      constitutes a Confirmation.

(f) No Waiver of Rights. A failure or delay in exercising any right, power or
privilege in respect of this Agreement will not be presumed to operate as a
waiver, and a single or partial exercise of any right, power or privilege will
not be presumed to preclude any subsequent or further exercise, of that right,
power or privilege or the exercise of any other right, power or privilege.

(g) Headings. The headings used in this Agreement are for convenience of
reference only and are not to affect the construction of or to be taken into
consideration in interpreting this Agreement.

10. Offices; Multibranch Parties

(a) If Section 10(a) is specified in the Schedule as applying, each party that
enters into a Transaction through an Office other than its head or home office
represents to the other party that, notwithstanding the place of booking office
or jurisdiction of incorporation or organization of such party, the obligations
of such party are the same as if it had entered into the Transaction through its
head or home office. This representation will be deemed to be repeated by such
party on each date on which a Transaction is entered into.

(b) Neither party may change the Office through which it makes and receives
payments or deliveries for the purpose of a Transaction without the prior
written consent of the other party.

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(c) If a party is specified as a Multibranch Party in the Schedule, such
Multibranch Party may make and receive payments or deliveries under any
Transaction through any Office listed in the Schedule, and the Office through
which it makes and receives payments or deliveries with respect to a Transaction
will be specified in the relevant Confirmation.

11. Expenses

A Defaulting Party will, on demand, indemnify and hold harmless the other party
for and against all reasonable out-of-pocket expenses, including legal fees and
Stamp Tax, incurred by such other party by reason of the enforcement and
protection of its rights under this Agreement or any Credit Support Document to
which the Defaulting Party is a party or by reason of the early termination of
any Transaction, including, but not limited to, costs of collection.

12. Notices

(a) Effectiveness. Any notice or other communication in respect of this
Agreement may be given in any manner set forth below (except that a notice or
other communication under Section 5 or 6 may not be given by facsimile
transmission or electronic messaging system) to the address or number or in
accordance with the electronic messaging system details provided (see the
Schedule) and will be deemed effective as indicated:--

      (i) if in writing and delivered in person or by courier, on the date it is
      delivered;

      (ii) if sent by telex, on the date the recipient's answerback is received;

      (iii) if sent by facsimile transmission, on the date that transmission is
      received by a responsible employee of the recipient in legible form (it
      being agreed that the burden of proving receipt will be on the sender and
      will not be met by a transmission report generated by the sender's
      facsimile machine);

      (iv) if sent by certified or registered mail (airmail, if overseas) or the
      equivalent (return receipt requested), on the date that mail is delivered
      or its delivery is attempted; or

      (v) if sent by electronic messaging system, on the date that electronic
      message is received, unless the date of that delivery (or attempted
      delivery) or that receipt, as applicable, is not a Local Business Day or
      that communication is delivered (or attempted) or received, as applicable,
      after the close of business on a Local Business Day, in which case that
      communication shall be deemed given and effective on the first following
      day that is a Local Business Day.

(b) Change of Addresses. Either party may by notice to the other change the
address, telex or facsimile number or electronic messaging system details at
which notices or other communications are to be given to it.

13. Governing Law and Jurisdiction

(a) Governing Law. This Agreement will be governed by and construed in
accordance with the law specified in the Schedule.

(b) Jurisdiction. With respect to any suit, action or proceedings relating to
this Agreement ("Proceedings"), each party irrevocably:--

      (i) submits to the jurisdiction of the English courts, if this Agreement
      is expressed to be governed by English law, or to the non-exclusive
      jurisdiction of the courts of the State of New York and the United States
      District Court located in the Borough of Manhattan in New York City, if
      this Agreement is expressed to be governed by the laws of the State of New
      York; and

      (ii) waives any objection which it may have at any time to the laying of
      venue of any Proceedings brought in any such court, waives any claim that
      such Proceedings have been brought in an inconvenient

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      forum and further waives the right to object, with respect to such
      Proceedings, that such court does not have any jurisdiction over such
      party.

Nothing in this Agreement precludes either party from bringing Proceedings in
any other jurisdiction (outside, if this Agreement is expressed to be governed
by English law, the Contracting States, as defined in Section 1(3) of the Civil
Jurisdiction and Judgments Act 1982 or any modification, extension or
re-enactment thereof for the time being in force) nor will the bringing of
Proceedings in any one or more jurisdictions preclude the bringing of
Proceedings in any other jurisdiction.

(c) Service of Process. Each party irrevocably appoints the Process Agent (if
any) specified opposite its name in the Schedule to receive, for it and on its
behalf, service of process in any Proceedings. If for any reason any party's
Process Agent is unable to act as such, such party will promptly notify the
other party and within 30 days appoint a substitute process agent acceptable to
the other party. The parties irrevocably consent to service of process given in
the manner provided for notices in Section 12. Nothing in this Agreement will
affect the right of either party to serve process in any other manner permitted
by law.

(d) Waiver of Immunities. Each party irrevocably waives, to the fullest extent
permitted by applicable law, with respect to itself and its revenues and assets
(irrespective of their use or intended use), all immunity on the grounds of
sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any
court, (iii) relief by way of injunction, order for specific performance or for
recovery of property, (iv) attachment of its assets (whether before or after
judgment) and (v) execution or enforcement of any judgment to which it or its
revenues or assets might otherwise be entitled in any Proceedings in the courts
of any jurisdiction and irrevocably agrees, to the extent permitted by
applicable law, that it will not claim any such immunity in any Proceedings.

14. Definitions

As used in this Agreement:--

"Additional Termination Event" has the meaning specified in Section 5(b).

"Affected Party" has the meaning specified in Section 5(b).

"Affected Transactions" means (a) with respect to any Termination Event
consisting of an Illegality, Tax Event or Tax Event Upon Merger, all
Transactions affected by the occurrence of such Termination Event and (b) with
respect to any other Termination Event, all Transactions.

"Affiliate" means, subject to the Schedule, in relation to any person, any
entity controlled, directly or indirectly, by the person, any entity that
controls, directly or indirectly, the person or any entity directly or
indirectly under common control with the person. For this purpose, "control" of
any entity or person means ownership of a majority of the voting power of the
entity or person.

"Applicable Rate" means:--

(a) in respect of obligations payable or deliverable (or which would have been
but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate;

(b) in respect of an obligation to pay an amount under Section 6(e) of either
party from and after the date (determined in accordance with Section 6(d)(ii))
on which that amount is payable, the Default Rate;

(c) is respect of all other obligations payable or deliverable (or which would
have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default
Rate; and

(d) in all other cases, the Termination Rate.

"Burdened Party" has the meaning specified in Section 5(b).

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"Change in Tax Law" means the enactment, promulgation, execution or ratification
of, or any change in or amendment to, any law (or in the application or official
interpretation of any law) that occurs on or after the date on which the
relevant Transaction is entered into.

"consent" includes a consent, approval, action, authorization, exemption,
notice, filing, registration or exchange control consent.

"Credit Event Upon Merger" has the meaning specified in Section 5(b).

"Credit Support Document" means any agreement or instrument that is specified as
such in this Agreement.

"Credit Support Provider" has the meaning specified in the Schedule.

"Default Rate" means a rate per annum equal to the cost (without proof or
evidence of any actual cost) to the relevant payee (as certified by it) if it
were to fund or of funding the relevant amount plus 1% per annum.

"Defaulting Party" has the meaning specified in Section 6(a).

"Early Termination Date" means the date determined in accordance with Section
6(a) or 6(b)(iv).

"Event of Default" has the meaning specified in Section 5(a) and, if applicable,
in the Schedule.

"Illegality" has the meaning specified in Section 5(b).

"Indemnifiable Tax" means any Tax other than a Tax that would not be imposed in
respect of a payment under this Agreement but for a present or former connection
between the jurisdiction of the government or taxation authority imposing such
Tax and the recipient of such payment or a person related to such recipient
(including, without limitation, a connection arising from such recipient or
related person being or having been a citizen or resident of such jurisdiction,
or being or having been organized, present or engaged in a trade or business in
such jurisdiction, or having or having had a permanent establishment or fixed
place of business in such jurisdiction, but excluding a connection arising
solely from such recipient or related person having executed, delivered,
performed its obligations or received a payment under, or enforced, this
Agreement or a Credit Support Document).

"law" includes any treaty, law, rule or regulation (as modified, in the case of
tax matters, by the practice of any relevant governmental revenue authority) and
"lawful" and "unlawful" will be construed accordingly.

"Local Business Day" means, subject to the Schedule, a day on which commercial
banks are open for business (including dealings in foreign exchange and foreign
currency deposits) (a) in relation to any obligation under Section 2(a)(i), in
the place(s) specified in the relevant Confirmation or, if not so specified, as
otherwise agreed by the parties in writing or determined pursuant to provisions
contained, or incorporated by reference, in this Agreement, (b) in relation to
any other payment, in the place where the relevant account is located and, if
different, in the principal financial centre, if any, of the currency of such
payment, (c) in relation to any notice or other communication, including notice
contemplated under Section 5(a)(i), in the city specified in the address for
notice provided by the recipient and, in the case of a notice contemplated by
Section 2(b), in the place where the relevant new account is to be located and
(d) in relation to Section 5(a)(v)(2), in the relevant locations for performance
with respect to such Specified Transaction.

"Loss" means, with respect to this Agreement or one or more Terminated
Transactions, as the case may be, and a party, the Termination Currency
Equivalent of an amount that party reasonably determines in good faith to be its
total losses and costs (or gain, in which case expressed as a negative number)
in connection with this Agreement or that Terminated Transaction or group of
Terminated Transactions, as the case may be, including any loss of bargain, cost
of funding or, at the election of such party but without duplication, loss or
cost incurred as a result of its terminating, liquidating, obtaining or
reestablishing any hedge or related trading position (or any gain resulting from
any of them). Loss includes losses and costs (or gains) in respect of any
payment or delivery required to have been made (assuming satisfaction of each
applicable condition precedent) on or before the relevant Early Termination Date
and not made,

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except, so as to avoid duplication, if Section 6(e)(i)(1) or (3) or
6(e)(ii)(2)(A) applies. Loss does not include a party's legal fees and
out-of-pocket expenses referred to under Section 11. A party will determine its
Loss as of the relevant Early Termination Date or, if that is not reasonably
practicable, as of the earliest date thereafter as is reasonably practicable. A
party may (but need not) determine its Loss by reference to quotations of
relevant rates or prices from one or more leading dealers in the relevant
markets.

"Market Quotation" means, with respect to one or more Terminated Transactions
and a party making the determination, an amount determined on the basis of
quotations from Reference Market-makers. Each quotation will be for an amount,
if any, that would be paid to such party (expressed as a negative number) or by
such party (expressed as a positive number) in consideration of an agreement
between such party (taking into account any existing Credit Support Document
with respect to the obligations of such party) and the quoting Reference
Market-maker to enter into a transaction (the "Replacement Transaction") that
would have the effect of preserving for such party the economic equivalent of
any payment or delivery (whether the underlying obligation was absolute or
contingent and assuming the satisfaction of each applicable condition precedent)
by the parties under Section 2(a)(i) in respect of such Terminated Transaction
or group of Terminated Transactions that would, but for the occurrence of the
relevant Early Termination Date, have been required after that date. For this
purpose, Unpaid Amounts in respect of the Terminated Transaction or group of
Terminated Transactions are to be excluded but, without limitation, any payment
or delivery that would, but for the relevant Early Termination Date, have been
required (assuming satisfaction of each applicable condition precedent) after
that Early Termination Date is to be included. The Replacement Transaction would
be subject to such documentation as such party and the Reference Market-maker
may, in good faith, agree. The party making the determination (or its agent)
will request each Reference Market-maker to provide its quotation to the extent
reasonably practicable as of the same day and time (without regard to different
time zones) on or as soon as reasonably practicable after the relevant Early
Termination Date. The day and time as of which those quotations are to be
obtained will be selected in good faith by the party obliged to make a
determination under Section 6(e), and, if each party is so obliged, after
consultation with the other. If more than three quotations are provided, the
Market Quotation will be the arithmetic mean of the quotations, without regard
to the quotations having the highest and lowest values. If exactly three such
quotations are provided, the Market Quotation will be the quotation remaining
after disregarding the highest and lowest quotations. For this purpose, if more
than one quotation has the same highest value or lowest value, then one of such
quotations shall be disregarded. If fewer than three quotations are provided, it
will be deemed that the Market Quotation in respect of such Terminated
Transaction or group of Terminated Transactions cannot be determined.

"Non-default Rate" means a rate per annum equal to the cost (without proof or
evidence of any actual cost) to the Non-defaulting Party (as certified by it) if
it were to fund the relevant amount.

"Non-defaulting Party" has the meaning specified in Section 6(a).

"Office" means a branch or office of a party, which may be such party's head or
home office.

"Potential Event of Default" means any event which, with the giving of notice or
the lapse of time or both, would constitute an Event of Default.

"Reference Market-makers" means four leading dealers in the relevant market
selected by the party determining a Market Quotation in good faith (a) from
among dealers of the highest credit standing which satisfy all the criteria that
such party applies generally at the time in deciding whether to offer or to make
an extension of credit and (b) to the extent practicable, from among such
dealers having an office in the same city.

"Relevant Jurisdiction" means, with respect to a party, the jurisdictions (a) in
which the party is incorporated organized, managed and controlled or considered
to have its seat, (b) where an Office through which the party is acting for
purposes of this Agreement is located, (c) in which the party executes this
Agreement and (d) in relation to any payment, from or through which such payment
is made.

"Scheduled Payment Date" means a date on which a payment or delivery is to be
made under Section 2(a)(i) with respect to a Transaction.

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"Set-off" means set-off, offset, combination of accounts, right of retention or
withholding or similar right or requirement to which the payer of an amount
under Section 6 is entitled or subject (whether arising under this Agreement,
another contract, applicable law or otherwise) that is exercised by, or imposed
on, such payer.

"Settlement Amount" means, with respect to a party and any Early Termination
Date, the sum of:--

(a) the Termination Currency Equivalent of the Market Quotations (whether
positive or negative) for each Terminated Transaction or group of Terminated
Transactions for which a Market Quotation is determined; and

(b) such party's Loss (whether positive or negative and without reference to any
Unpaid Amounts) for each Terminated Transaction or group of Terminated
Transactions for which a Market Quotation cannot be determined or would not (in
the reasonable belief of the party making the determination) produce a
commercially reasonable result.

"Specified Entity" has the meaning specified in the Schedule.

"Specified Indebtedness" means, subject to the Schedule, any obligation (whether
present or future, contingent or otherwise, as principal or surety or otherwise)
in respect of borrowed money.

"Specified Transaction" means, subject to the Schedule, (a) any transaction
(including an agreement with respect thereto) now existing or hereafter entered
into between one party to this Agreement (or any Credit Support Provider of such
party or any applicable Specified Entity of such party) and the other party to
this Agreement (or any Credit Support Provider of such other party or any
applicable Specified Entity of such other party) which is a rate swap
transaction, basis swap, forward rate transaction, commodity swap, commodity
option, equity or equity index swap, equity or equity index option, bond option,
interest rate option, foreign exchange transaction, cap transaction, floor
transaction, collar transaction, currency swap transaction, cross-currency rate
swap transaction, currency option or any other similar transaction (including
any option with respect to any of these transactions), (b) any combination of
these transactions and (c) any other transaction identified as a Specified
Transaction in this Agreement or the relevant confirmation.

"Stamp Tax" means any stamp, registration, documentation or similar tax.

"Tax" means any present or future tax, levy, impost, duty, charge, assessment or
fee of any nature (including interest, penalties and additions thereto) that is
imposed by any government or other taxing authority in respect of any payment
under this Agreement other than a stamp, registration, documentation or similar
tax.

"Tax Event" has the meaning specified in Section 5(b).

"Tax Event Upon Merger" has the meaning specified in Section 5(b).

"Terminated Transactions" means with respect to any Early Termination Date (a)
if resulting from a Termination Event, all Affected Transactions and (b) if
resulting from an Event of Default, all Transactions (in either case) in effect
immediately before the effectiveness of the notice designating that Early
Termination Date (or, if "Automatic Early Termination" applies, immediately
before that Early Termination Date).

"Termination Currency" has the meaning specified in the Schedule.

"Termination Currency Equivalent" means, in respect of any amount denominated in
the Termination Currency, such Termination Currency amount and, in respect of
any amount denominated in a currency other than the Termination Currency (the
"Other Currency"), the amount in the Termination Currency determined by the
party making the relevant determination as being required to purchase such
amount of such Other Currency as at the relevant Early Termination Date, or, if
the relevant Market Quotation or Loss (as the case may be), is determined as of
a later date, that later date, with the Termination Currency at the rate equal
to the spot exchange rate of the foreign exchange agent (selected as provided
below) for the purchase of such Other Currency with the Termination Currency at
or about 11:00 a.m. (in the city in which such foreign exchange agent is
located) on such date as would be customary for the determination of such a rate
for the purchase of such Other Currency for value on the relevant Early
Termination Date or that later date. The

                                       17
  Copyright (C) 1992 by International Swaps and Derivatives Association, Inc.
<PAGE>

foreign exchange agent will, if only one party is obliged to make a
determination under Section 6(e), be selected in good faith by that party and
otherwise will be agreed by the parties.

"Termination Event" means an Illegality, a Tax Event or a Tax Event Upon Merger
or, if specified to be applicable, a Credit Event Upon Merger or an Additional
Termination Event.

"Termination Rate" means a rate per annum equal to the arithmetic mean of the
cost (without proof or evidence of any actual cost) to each party (as certified
by such party) if it were to fund or of funding such amounts.

"Unpaid Amounts" owing to any party means, with respect to an Early Termination
Date, the aggregate of (a) in respect of all Terminated Transactions, the
amounts that became payable (or that would have become payable but for Section
2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early
Termination Date and which remain unpaid as at such Early Termination Date and
(b) in respect of each Terminated Transaction, for each obligation under Section
2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be
settled by delivery to such party on or prior to such Early Termination Date and
which has not been so settled as at such Early Termination Date, an amount equal
to the fair market value of that which was (or would have been) required to be
delivered as of the originally scheduled date for delivery, in each case
together with (to the extent permitted under applicable law) interest, in the
currency of such amounts, from (and including) the date such amounts or
obligations were or would have been required to have been paid or performed to
(but excluding) such Early Termination Date, at the Applicable Rate. Such
amounts of interest will be calculated on the basis of daily compounding and the
actual number of days elapsed. The fair market value of any obligation referred
to in clause (b) above shall be reasonably determined by the party obliged to
make the determination under Section 6(e) or, if each party is so obliged, it
shall be the average of the Termination Currency Equivalents of the fair market
values reasonably determined by both parties.

                                       18
  Copyright (C) 1992 by International Swaps and Derivatives Association, Inc.
<PAGE>

IN WITNESS WHEREOF the parties have executed this document on the respective
dates specified below with effect from the date specified on the first page of
this Master Agreement.

_____________________________________      _____________________________________

By:__________________________________      By:__________________________________
    Name:                                      Name:
    Title:                                     Title:

                                       19
<PAGE>

                                                           CCR&W Draft - 7/23/02

                                    SCHEDULE

                                     to the

                                Master Agreement

                           dated as of [CLOSING DATE]

                                     between

[COMMERZBANK AG]                        Comcertz ABS Trust Series 200[__]-[__]
[(the "Bank")]                          (the "Trust"), a trust created pursuant
                                        to the trust agreement for Comcertz ABS
                                        Trust Series 200[__]-[__], dated as of
                                        [__], by and between the Comcertz ABS
                                        Corporation (the "Depositor") and [Name
                                        of Trustee], as trustee (the "Trustee"),
                                        incorporating the terms of the Standard
                                        Terms for Trust Agreements, dated as of
                                        [__] (the "Standard Terms" and, together
                                        with the aforementioned trust agreement,
                                        the "Trust Agreement"), by and between
                                        the Depositor and the Trustee.

Capitalized terms used and not defined herein have the meanings specified in the
Trust Agreement. All references herein to the Transaction shall mean the
Transaction to be evidenced by the Confirmation of even date herewith.

Part 1. Termination Provisions

(a)   "Specified Entity" means in relation to [the Bank] for the purpose of: -

      Section 5(a)(v), Not Applicable
      Section 5(a)(vi), Not Applicable
      Section 5(a)(vii), Not Applicable
      Section 5(b)(iv), Not Applicable

      and in relation to the Trust for the purpose of: -

      Section 5(a)(v), Not Applicable
      Section 5(a)(vi), Not Applicable
      Section 5(a)(vii), Not Applicable
      Section 5(b)(iv), Not Applicable

(b)   "Specified Transaction" will have the meaning specified in Section 14 of
      this Agreement.

(c)   Events of Default. The only Events of Default which shall apply to the
      Trust and [the Bank] are the Events of Default set forth in Section
      5(a)(i) ("Failure to Pay or Deliver") and Section 5(a)(vii)
      ("Bankruptcy"). The Events of Default specified in Sections 5(a)(ii)
      ("Breach of Agreement"), 5(a)(iii) ("Credit Support Default"), 5(a)(iv)
      ("Misrepresentation"), 5(a)(v) ("Default under Specified Transactions"),
      5(a)(vi) ("Cross Default") and 5(a)(viii) ("Merger Without Assumption")
      shall not apply to either the Trust or [the Bank].

(d)   The "Credit Event Upon Merger" provisions of Section 5(b)(iv) will not
      apply to [the Bank] or to the Trust.

(e)   The "Automatic Early Termination" provision of Section 6(a) will not apply
      to [the Bank] or to the Trust.

(f)   Payments on Early Termination. For purposes of Section 6(e) of this
      Agreement (i) Market Quotation will apply, and (ii) the Second Method will
      apply.

                                       20
<PAGE>

(g)   "Termination Currency" means United States Dollars.

(h)   Additional Termination Event will apply. Each of the following shall
      constitute an Additional Termination Event, with Party B as the Affected
      Party:

      (i) Trust Wind-Up Event. Any "Trust Wind-Up Event" shall occur in respect
      of Party B in accordance with Section 9.01 of the Trust Agreement. All
      Transactions shall be Affected Transactions.

      (ii) Underlying Security Default. An "Underlying Security Default" shall
      occur as defined in the Trust Agreement. Unless otherwise provided in the
      related Confirmation, only the specific Transaction related to such
      Underlying Security (as defined in the Trust Agreement) shall be an
      Affected Transaction.

      (iii) Disqualified Underlying Security. An Underlying Security related to
      a Transaction hereunder shall become a "Disqualified Underlying Security"
      as defined in the Trust Agreement. Unless otherwise provided in the
      related Confirmation, only the specific Transaction related to such
      Disqualified Underlying Security shall be an Affected Transaction.

      (iv) Disqualified Transaction. Any Transaction hereunder becomes a
      "Disqualified Transaction" as defined in the Trust Agreement. Unless
      otherwise provided in the related Confirmation, only the specific
      Disqualified Transaction shall be an Affected Transaction.

(i)   Events of Default with respect to Party B. With respect to Party B only,
      Section 5(a)(vii) shall apply with the following amendments:

      (i) Section 5(a)(vii)(2) shall not apply;

      (ii) Section 5(a)(vii)(3) shall take effect with the words "the
      Certificateholders" substituted for "its creditors"; and

      (iii) Sections 5(a)(vii)(6) and (7) shall take effect with the words
      "assets comprising the property of the Trust, otherwise than in accordance
      with the Trust Agreement" substituted for "all or substantially all its
      assets".

Part 2. Tax Representations

(a)   Payer Representation. For the purpose of Section 3(e) of this Agreement,
      [the Bank] and the Trust will each make the following representation: -

      It is not required by any applicable law, as modified by the practice of
      any relevant governmental revenue authority, of any Relevant Jurisdiction
      to make any deduction or withholding for or on account of any Tax from any
      payment (other than interest under Section 2(e), 6(d)(ii) or 6(e) of this
      Agreement) to be made by it to the other party under this Agreement. In
      making this representation, it may rely on (i) the accuracy of any
      representation made by the other party pursuant to Section 3(f) of this
      Agreement, (ii) the satisfaction of the agreement of the other party
      contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the
      accuracy and effectiveness of any document provided by the other party
      pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement and (iii) the
      satisfaction of the agreement of the other party contained in Section 4(d)
      of this Agreement, provided that it shall not be a breach of this
      representation where reliance is placed on clause (ii) and the other party
      does not deliver a form or document under Section 4(a)(iii) of this
      Agreement by reason of material prejudice to its legal or commercial
      position.

(b)   Payee Representations. [The Bank] and the Trust make no Payee Tax
      Representations.

Part 3. Agreement to Deliver Documents.

For the purpose of Section 4(a)(i) and 4(a)(ii) of this Agreement, each party
agrees to deliver the following documents as applicable: -

(a)   Tax forms, documents or certificates to be delivered are: - See Part 5(a)
      below.

(b)   Other documents to be delivered are: -

                                       21
<PAGE>

<TABLE>
<CAPTION>
                                                                                  Covered by
Party required to          Form / Document /                                      Section 3(d)
deliver document           Certificate                  Date by which Delivered   representation
----------------           -----------                  -----------------------   --------------
<S>                        <C>                          <C>                       <C>
[The Bank] & the Trust     Any form or document         As soon as practicable    Yes
                           reasonably requested by the  after request
                           other party to permit
                           payments without (or with
                           minimal) withholding for or
                           account of any Tax as
                           specified in Section
                           4(a)(iii) of this Agreement

[The Bank] & the Trust     Certificate of Incumbency    Upon execution of this    Yes
                           and Signing Authority of     Agreement.
                           each person executing any
                           document on its behalf in
                           connection with this
                           Agreement

[The Bank] & the Trust     A legal opinion from         Upon execution of this    Yes
                           counsel substantially in     Agreement.
                           the form of Exhibit A
                           hereto

The Trust                  Trust Agreement              Upon execution of this    Yes
                                                        Agreement.
</TABLE>

Part 4. Miscellaneous

(a)   Addresses for Notices: For the purpose of Section 12(a) of this
      Agreement: -
      Address for notices or communications to [the Bank]:

      Address:       [?]
      Attention:     [?]
      Telex No:      [?]    Answerback:    [?]
      Facsimile No:  [?]    Telephone No:  [?]
      SWIFT-Code:    [?]

      Address for notices or communications to the Trust:

      Address:      Comcertz ABS Trusts Series 200[_]-[_]
                    c/o [Name of Trustee]
                    [Address]
                    New York, New York [?]
      Attention:    Corporate Trust Department
      Telephone No.: [?]
      Facsimile No.: [?]

(b)   Process Agent. For the purpose of Section 13(c) of this Agreement: [The
      Bank] appoints as its Process Agent: Not Applicable

      The Trust appoints as its Process Agent: Not Applicable.

(c)   Offices. The provisions of Section 10(a) will apply to this Agreement.

(d)   Multibranch Party. For the purpose of Section 10(c) of this Agreement:-

                                       22
<PAGE>

      [The Bank] is a Multibranch Party, and may act through any of its offices
      including, but not limited to the following offices:- Frankfurt, Brussels,
      Chicago, Dusseldorf, Grand Cayman, Hong Kong, Johannesburg, London, Los
      Angeles, Madrid, Milan, New York, Paris, Prague, Singapore and Tokyo.

      The Trust is not a Multibranch Party.

(e)   Calculation Agent. The Calculation Agent is [the Bank], unless otherwise
      specified in the Confirmation. The failure of [the Bank] to perform its
      obligations as Calculation Agent hereunder shall not be construed as an
      Event of Default or Termination Event; provided, however, if such failure
      is not remedied on or before the third Business Day after notice of such
      failure is given to [the Bank], upon the direction of 100% of the Holders,
      the Trustee shall act as Calculation Agent.

(f)   Credit Support Document. Not applicable to either [the Bank] or the Trust.

(g)   Credit Support Provider. Not applicable to either [the Bank] or the Trust.

(h)   Governing Law. This Agreement will be governed by and construed in
      accordance with the laws of the State of New York without reference to
      choice of law doctrine.

(i)   Netting of Payments. Sub-paragraph (ii) of Section 2(c) of this Agreement
      will apply to all Transactions hereunder.

(j)   "Affiliate" will have the meaning specified in Section 14 of this
      Agreement.

Part 5. Other Provisions

(a)   Indemnifiable Tax. If a Tax in respect of payments under this Agreement is
      required to be paid pursuant to Section 2(d), neither [the Bank] nor the
      Trust will in any circumstances be required to pay additional amounts in
      respect of any Indemnifiable Tax or be under any obligation to pay to the
      other party any amount in respect of any liability of the other party for
      or on account of such Tax and accordingly Section 2(d)(i)(4) and Section
      2(d)(ii) of this Agreement shall not apply.

(b)   Amendment to 5(b)(ii). There shall be added, following the word "will" as
      it appears both times on the fourth line of Section 5(b)(ii) the following
      words: "(but for the effect of paragraph (a) of Part 5 of the schedule to
      the Agreement)."

(c)   Incorporation and Interpretation of Definitions.

      Any definitions published by ISDA and amended from time to time, which
      shall apply to this Agreement, will be referred to in the relevant
      Confirmation. In the event and to the extent that the relevant
      Confirmation does not refer to any definitions, the following applies:

      Reference is made to the following definitions:

      (i) 2000 ISDA Definitions (the "Definitions");

      (ii) 1998 FX and Currency Option Definitions and its Annex A in its
      current version (the "FX Definitions");

      (iii) the 1997 Government Bond Option Definitions;

      (iv) the 1996 Equity Derivatives Definition; and

      (v) the 1999 Credit Derivatives Definitions,

      each as amended and supplemented by the 1998 Euro Definitions, if
      necessary.

      Any terms used and not otherwise defined in the Confirmation shall have
      the meaning set forth therein.

      In the case of any conflict between the Definitions and the FX
      Definitions, the FX Definitions shall prevail with respect to any FX
      Transaction or any Currency Option. In the case of any conflict between
      the Definitions and the 1997 Government Bond Option Definitions, the 1997
      Government Bond Option

                                       23
<PAGE>

      Definitions shall prevail with respect to any Bond Option Transaction. In
      the case of any conflict between the Definitions and the 1996 Equity
      Derivatives Definitions, the 1996 Equity Derivatives Definition shall
      prevail with respect to any Equity Derivatives Transaction. In the case of
      any conflict between the Definitions and the 1999 Credit Derivatives
      Definitions, the 1999 Credit Derivatives Definitions shall prevail with
      respect to any Credit Derivatives Transaction.

(d)   Additional Representations. Section 3 of the Agreement is hereby amended
      by adding the following, which shall constitute additional representations
      for all purposes of the Agreement, including, without limitation, Sections
      3, 4, 5(a)(ii) and 5(a)(iv):

      (i)   Eligible Contract Participant. It is an "eligible contract
            participant" as defined in Section 1a(12) of the Commodity Exchange
            Act (the "CEA") and the material terms of each Transaction will be
            individually negotiated and tailored by it. It has not executed,
            entered into, or traded, and will not execute, enter into, or trade,
            any Transaction on a "trading facility" as such term is defined in
            Section 1a(33) of the CEA.

      (ii)  Transactions are Arm's Length. It is entering into this Agreement
            and each Transaction in reliance upon its own judgment and upon any
            tax, accounting, regulatory and financial advice as it has deemed
            necessary and not upon any view expressed by the other party, and
            all trading decisions are and will be the result of arm's length
            negotiations between the parties.

      (iii) Risks are Fully Understood. It is entering into this Agreement and
            each Transaction with full understanding of all materials risks
            thereof, and it is capable (including having the financial
            wherewithal) of assuming and willing to assume those risks and it
            has relied upon such tax, accounting, regulatory, legal and
            financial advice as it deems necessary and not upon any view
            expressed by the other party.

(e)   Change of Account. Section 2(b) of this Agreement is hereby amended by the
      addition of the following after the word "delivery" in the first line
      thereof:

      "to another account in the same legal and tax jurisdiction as the original
      account"

(f)   Consent to Telephonic Recording. Each party hereto consents to the
      monitoring or recording, at any time and from time to time, by the other
      party of any and all communications between officers or employees of the
      parties, waives any further notice of such monitoring or recording, agrees
      to notify its officers and employees of any such monitoring or recording,
      and agrees that any such tape recordings may be submitted in evidence in
      any Proceedings relating to this Agreement and any Transaction hereunder.

(g)   Transfer. Notwithstanding any provision of Section 7 to the contrary, [the
      Bank] may freely assign and delegate, in whole but not in part, its rights
      and obligations under this Agreement to any direct or indirect subsidiary
      or Affiliate of [the Bank] upon notice to the Trust; provided that, as
      confirmed by each Rating Agency, if any, such assignment does not result
      in a reduction or withdrawal of the then-current rating of the
      Certificates by any Rating Agency. Transfers made pursuant to this
      paragraph shall not constitute a Credit Event Upon Merger, as defined in
      the Agreement.

(h)   Limited Recourse. [The Bank] agrees that the obligations of the Trust
      hereunder to make payments to [the Bank] shall be satisfied solely out of
      the Trust Property (as defined in the Trust Agreement) in accordance with
      the Trust Agreement.

(i)   No Petition for Bankruptcy. [The Bank] shall not, prior to one year and
      one day after the termination of the Trust Agreement, commence or sustain
      an action against the Trust under any federal or state bankruptcy,
      insolvency or similar law, or appoint a receiver or other similar official
      of the Trust, make an assignment for the benefit of creditors, or order
      the winding up or liquidation of the Trust.

(j)   Information Relating to the Collateral Assets. The Trustee, promptly upon
      receipt, shall furnish [the Bank] with copies of any notices it receives
      in respect of the Collateral Assets. [The Bank] may request the Trustee to
      obtain, at the cost of [the Bank], any reports, notices, financial
      statements or other information in respect of the Collateral Assets which
      the holders of such Collateral Assets are entitled to receive upon request
      pursuant to the terms of such Collateral Assets.

                                       24
<PAGE>

(k)   Security Interest. As security for the prompt and complete payment and
      performance when due of the obligations of the Trust hereunder, the
      Trustee on behalf of itself, the Trust and the Holders hereby grants to
      [the Bank] a continuing security interest in all of the Trust's right,
      title and interest in the Trust Property. Such security interest shall
      remain in full force and effect until the Trust has fulfilled all of its
      obligations under this Agreement.

(l)   Further Assurances. Promptly following a demand made by [the Bank], the
      Trust will execute, deliver, file and record any financing statement,
      specific assignment or other document and take any other action that be
      necessary or desirable and reasonably requested by [the Bank] to create,
      preserve, perfect or validate any security interest or lien granted
      hereunder to enable [the Bank] to enforce its rights under this Agreement
      or to effect or document a release of such security interest.

(m)   Trustee Liability. It is expressly understood and agreed by the parties
      hereto that (a) this Agreement is executed and delivered by [Name of
      Trustee], as Trustee not individually or personally but solely as trustee
      of the Trust, in the exercise of the powers and authority conferred and
      vested in the Trustee, (b) each representation, undertaking and agreement
      made herein by the Trustee is made and intended not as a personal
      representation, undertaking and agreement on the part of the Trustee but
      is made and intended for the purpose of binding only the Trust, (c)
      nothing herein contained herein shall be construed as creating any
      liability on the Trustee, individually or personally, to perform any
      covenant either expressed or implied contained herein, all such liability,
      if any, being expressly waived by [the Bank], and (d) under no
      circumstances shall the Trustee be personally liable for the payment of
      any indebtedness or expenses of the Trust or be liable for the breach
      failure of any obligation, representation, warranty or covenant made or
      undertaken by the Trust under this Agreement. This provision shall survive
      the termination of this Agreement.

(n)   Severability. Any provision of this Agreement which 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 of the Agreement or affecting the
      validity or enforceability of such provision in any other jurisdiction.
      The parties hereto shall endeavor in good faith negotiations to replace
      the prohibited or unenforceable provision with a valid provision, the
      economic effect of which comes as close as possible to that of the
      prohibited or unenforceable provision.

(o)   Amendments. The Trust and [the Bank] each agree that it will not amend
      this Agreement (including any Confirmation hereunder) without (i)
      receiving written confirmation from each Rating Agency, if any, that such
      amendment will not cause a withdrawal or reduction of the rating of the
      Certificates by each such Rating Agency and (ii) otherwise satisfying each
      of the requirements set forth in the Trust Agreement.

(p)   Amendments to Trust Agreement. [The Bank] agrees that it will not
      unreasonably withhold consent under the Trust Agreement as to any
      amendment to the Trust Agreement approved by the Trustee (each as defined
      in the Trust Agreement) which requires the consent of [the Bank].

(q)   Confidentiality. If any forms, documents or certificates required to be
      delivered by a party pursuant to Section 4(a) of this Agreement contain
      any information or material which the party providing the form determines
      in its sole discretion to be confidential, such party may, in lieu of
      delivering such form, document or certificate to the other party, arrange
      for its delivery directly to the relevant governmental taxing authority,
      under such terms and conditions as are reasonably satisfactory to the
      other party, in order to protect the confidentiality of the material
      contained therein.

(r)   Modifications.

      [(1) Section 4 of this Agreement shall be amended by the addition, after
      paragraph 4(e), of the following new paragraph:-

      "(f) [Cash] [Physical] Delivery. In respect of any [cash] [physically]
      settled Transactions, it will, at the time of delivery, be the legal and
      beneficial owner, free of liens and other encumbrances, of any securities
      or commodities it delivers to the other Party."]

      (2) Section 12(a)(iv) "Notices" shall be amended as following:

                                       25
<PAGE>

      Add at the end after the words "is attempted":

      "provided, however, that a party shall first attempt to send notice by
      overnight courier or telex as specified in subparagraphs (i) and (ii)
      above."

(s)   Waiver of Jury Trial. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL
      RIGHT TO TRIAL BY JURY IN ANY PROCEEDINGS.

(t)   Limitation on Liability. It is expressly understood and agreed by the
      parties hereto that (a) this Agreement is executed and delivered by [Name
      of Trustee], not individually or personally but solely as Trustee of the
      Trust, in the exercise of the powers and authority conferred and vested in
      it under the Trust Agreement, (b) each of the representations,
      undertakings and agreements herein made on the part of the Trust is made
      and intended not as personal representations, undertakings and agreements
      by [Name of Trustee] but is made and intended for the purpose of binding
      only the Trust, and (c) under no circumstances shall [Name of Trustee] be
      personally liable for the payment of any indebtedness or expenses of the
      Trust or be liable for the breach or failure of any obligation,
      representation, warranty or covenant made or undertaken by the Trust under
      this Agreement.

                                       26
<PAGE>

Commerzbank AG                          COMCERTZ ABS TRUST SERIES 200[__]-[__]

By:..................................   By:  [TRUSTEE], as Trustee
Name:
Title:                                      By:.................................
                                            Name:
                                            Title:

By:..................................
Name:
Title:

                                       27EXHIBIT 10.2

                                                           CCR&W Draft - 7/23/02

THIS ADMINISTRATION AGREEMENT, dated as of August __, 2002 (the "Administration
Agreement"), is hereby entered into between Comcertz ABS Corporation, a Delaware
corporation (the "Company"), and Commerzbank Capital Markets Corp. ("CCMC").

                              W I T N E S S E T H:

      WHEREAS, the Company is a special purpose corporation formed for the
purpose of serving as the depositor (in such capacity, the "Depositor") of one
or more trusts (each, a "Trust") pursuant to one or more trust agreements (each,
a "Trust Agreement") entered into by the Depositor and a trustee (each, a
"Trustee"); WHEREAS, each Trust will issue trust certificates (the
"Certificates") and/or other securities (together with the Certificates, the
"Trust Securities") and apply the net proceeds of such issuance to acquire
certain assets ("Deposited Assets") from the Depositor;

      WHEREAS, the Company is appointing CCMC to act as administrative agent for
the Company (in such capacity, the "Administrative Agent") and, in connection
therewith, has requested the Administrative Agent, and the Administrative Agent
has agreed, in its capacity as Administrative Agent, to manage certain
operations of the Company in accordance with (i) each of the Trust Agreements,
(ii) each underwriting agreement entered into by the Company, (iii) each
registration statement (as may be amended or supplemented from time to time) and
all other documents filed by the Company with the Securities and Exchange
Commission (the "SEC") and (iv) all other agreements and documents that are
signed by or on behalf of the Company and/or filed with a governmental agency by
or on behalf of the Company (all agreements and documents specified in clauses
(i) through (iv), the "Depositor Documents"), subject to the terms and
conditions hereinafter set forth.

      NOW, THEREFORE, in consideration of the mutual promises, covenants,
representations and warranties hereinafter set forth or incorporated herein, the
Company and the Administrative Agent hereby agree as follows:

      Section 1. Appointment and Authority of Administrative Agent. The Company
hereby appoints the Administrative Agent as the Company's agent to provide
administrative and advisory services to the Company with respect to the
operations of the Company in connection with or relating to the Depositor
Documents and the transactions contemplated thereby, subject to the terms and
conditions hereinafter set forth, and to perform certain other services on
behalf of the Company that are specified below. All such duties and services to
be performed by the Administrative Agent shall be performed in a manner
consistent with the terms and provisions of the Depositor Documents. The
Administrative Agent hereby accepts such appointment.

      Section 2. Administrative Agent's Services and Duties.

      (a) The Administrative Agent's duties on behalf of the Company in
connection with the Depositor Documents shall include the following:

      (i) administering the day-to-day operations of the Company and performing
or supervising the performance of such functions as may be agreed upon by the
Administrative Agent and the board of directors of the Company including,
without limitation, engaging in certain authorized transactions under the
Depositor Documents;

      (ii) causing the preparation of, and reviewing, on behalf of the Company,
each of the Depositor Documents and all other documents related to the
transactions contemplated by the Depositor Documents;

                                        1
<PAGE>

      (iii) arranging for the execution of the Depositor Documents by the
Company, arranging for the execution of amendments to and waivers under the
Depositor Documents and any other documents or instruments deliverable by the
Company under the Depositor Documents and this Administration Agreement;

      (iv) enforcing performance by the parties to the Depositor Documents of
their respective obligations to the Company under the Depositor Documents;

      (v) giving such notices and other communications that the Company may from
time to time be required or permitted to give under the Depositor Documents;

      (vi) providing the Company with suggested revisions of the Depositor
Documents as may be necessary or appropriate, assisting the Company in revising
such Depositor Documents and obtaining any required consents of holders of
Certificates (the "Certificateholders") and, when required, providing prior
written notice of any such revision to each rating agency (each, a "Rating
Agency") that is then rating any Trust Security and confirmation of the ratings
(if any) of any Trust Securities from each Rating Agency in connection with any
such revision;

      (vii) endorsing checks and other instruments or security of the Company on
behalf of the Company as may be necessary or advisable;

      (viii) retaining on behalf of and for the account of the Company legal
counsel necessary to perform for the Company the services necessary or
appropriate to the Company's organization and the preparation, execution and
delivery of the Depositor Documents;

      (ix) preparing, having executed, and filing any and all documents
necessary to obtain or preserve the right of the Company to do business in any
jurisdiction or necessary or appropriate in connection with its activities under
the Depositor Documents;

      (x) providing the executive and administrative personnel, office space and
services required in rendering the foregoing services under this Administration
Agreement to the Company;

      (xi) providing all other notices and reports required to be delivered by
the Depositor under the Depositor Documents, including any annual statement as
to compliance that may be required to be delivered to a Trustee pursuant to the
related Trust Agreement and any annual statement of a firm of independent public
accountants that may be required to be furnished to a Trustee pursuant to the
related Trust Agreement;

      (xii) advising and assisting the Company in connection with its engagement
and appointment of the Trustee(s) (and, to the extent necessary, any replacement
or successor trustee) for one or more Trusts;

      (xiii) advising and assisting the Company in connection with its purchase
of the Deposited Assets and its sale of the Deposited Assets to one or more
Trusts;

      (xiv) advising and assisting the Company in connection with its sale of
the Trust Securities issued by one or more Trusts to the underwriter or
underwriters appointed by the Company;

      (xv) advising and assisting the Company in connection with its acquisition
or establishment of any required credit support (if any), such as letters of
credit, financial guaranty, surety bond, reserve account or similar credit
support, for the benefit of the Certificateholders;

      (xvi) advising and assisting the Company, in cooperation with the relevant
underwriters, in seeking to qualify all applicable Trust Securities for offering
and sale under the applicable securities laws, and maintain or cause to be
maintained such qualifications in effect for as long as may be required for the
distribution of such Trust Securities;

      (xvii) filing or causing the filing of such statements and reports as may
be required by the laws of each jurisdiction in which the Trust Securities have
been so qualified;

                                       2
<PAGE>

      (xviii) appointing, and entering into agreements with, agents to calculate
rates on each series or class of floating rate Trust Securities and to perform
such other calculations related to one or more Trust Securities;

      (xix) advising and assisting the Company in connection with its filing of
all registration statements and other requisite documents with the SEC and
deliver to the relevant underwriters (A) conformed copies of the registration
statements and each amendment thereto, (B) each prospectus related to the Trust
Securities and (C) any document incorporated by reference in any prospectus;

      (xx) advising and assisting the Company in connection with the filing with
the SEC of any amendment to the registration statement or prospectus or any
supplement to a prospectus that may be required by the Securities Act or
requested by the SEC;

      (xxi) advising, or causing the Company to advise, the underwriters of the
time when any amendment to the registration statement has been filed or becomes
effective or any supplement to the prospectus or any amended prospectus has been
filed and furnishing, or causing the Company to furnish, to the underwriters
with copies thereof;

      (xxii) advising and assisting the Company to prepare, sign and file with
the SEC copies of the annual reports and of the information, documents, proxy or
information statements and other reports (or copies of such portions of any of
the foregoing as the SEC may from time to time by rules and regulations
prescribe), if any, required to be filed by the Company with the SEC pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act (including Form 8-K and
Form 10-K) subsequent to the date of the prospectus and, for so long as the
delivery of a prospectus is required in connection with the offering or sale of
the Certificates of any Trust, to promptly advise the underwriters of its
receipt of notice of the issuance by the SEC of any stop order or of: (A) any
order preventing or suspending the use of any prospectus supplement or
prospectus; (B) the suspension of the qualification of the Certificates of any
Trust for offering or sale in any jurisdiction; (C) the initiation of or threat
of any proceeding for any such purpose; (D) any request by the SEC for the
amending or supplementing of the registration statement or the prospectus or for
additional information;

      (xxiii) in the event of the issuance of any stop order or of any order
preventing or suspending the use of any prospectus or prospectus supplement or
suspending any such qualification, use its best efforts to obtain, or cause the
Company to obtain, the withdrawal of such order by the SEC;

      (xxiv) following the issuance and sale of the Certificates of any Trust,
advising and assisting the Company to prepare, sign and file with the SEC a
report on Form 8-K relating to each series of Certificates issued, containing a
copy of the trust agreement (including the series supplement) as executed;

      (xxv) if the delivery of a prospectus is required at any time prior to the
expiration of nine months after the effective date in connection with the
offering or sale of the Certificates, and if at such time any events occurred as
a result of which the prospectus as then amended or supplemented would include
any untrue statement of a material fact or omit to state any material fact
necessary in order to make the statements therein, in the light of the
circumstances under which they were made when such prospectus is delivered, not
misleading, or, if for any other reason it is necessary during such same period
to amend or supplement the prospectus or to file under the Exchange Act any
document incorporated by reference in the prospectus in order to comply with the
Securities Act or the Exchange Act, advising and assisting the Company to (A)
notify the underwriters, (B) upon the underwriters' request, file such document
and prepare and furnish as many copies as the underwriters may request of an
amended prospectus or a supplement to the prospectus which corrects such
statement or omission or effects such compliance and (C) in case the
underwriters are required to deliver a prospectus in connection with sales of
any of the Certificates at any time nine months or more after the effective
date, prepare and deliver to the underwriters as many copies as the underwriters
request of an amended or supplemented prospectus;

      (xxvi) advising and assisting the Company to deliver to each applicable
Trustee (within 15 days after the Company is required to file the same with the
SEC) such additional information, documents and reports with respect to
compliance by the Company with the conditions and covenants of the related Trust
Agreement, if any, as may be required to be filed with the SEC from time to time
by such rules and regulations;

                                       3
<PAGE>

      (xxvii) advising and assisting the Company to prepare and make available
to the Certificateholders a statement of earnings of each Trust covering a
period of at least twelve consecutive months beginning not later than the first
day of the first fiscal quarter following the closing date for such Trust;
(xxviii) advising and assisting the Company to deliver to the Trustee, in the
manner and to the extent provided in Section 313(c) of the Trust Indenture Act,
such summaries of any information, documents and reports as may be required to
be filed by the Company;

      (xxix) if the combined principal balances of the securities of an issuer
or obligor that are part of the Deposited Assets for any Trust exceed ten
percent of the aggregate principal balance of the Deposited Assets for such
Trust, and such issuer or obligor ceases to file periodic reports required under
the Exchange Act, within a reasonable period of time, advising and assisting the
Company to either (A) file periodic reports containing the information that such
issuer(s) would otherwise file or make publicly available the information that
such issuer(s) would otherwise make publicly available or (B) instruct the
Trustee to either (1) distribute within a reasonable period of time such
security or securities to the Certificateholders of such Trust or (2) sell
within a reasonable period of time the securities and distribute the proceeds to
the Certificateholders of such Trust;

      (xxx) for each applicable Trust, advising and assisting the Company to
apply for and obtain approval for listing of Certificates of such Trust on the
desired exchange;

      (xxxi) for each applicable Trust, advising and assisting the Company to
prepare and submit all filings required by the applicable exchange;

      (xxxii) for each applicable Trust, advising and assisting the Company to
monitor compliance with all applicable exchange rules; and

      (xxxiii) advising and assisting the Company to monitor compliance with the
applicable requirements for exemption under Rule 3a-7 under the Investment
Company Act of 1940, as amended (the "Investment Company Act") and all
applicable rules, regulations and interpretations thereunder, such as ensuring
that the underlying securities and other instruments that comprise the trust
property meet the requirements of Rule 3a-7.

      (b) The services of the Administrative Agent to the Company under this
Administration Agreement are not to be deemed exclusive. Nothing in this
Administration Agreement shall prevent the Administrative Agent or any of its
affiliates from engaging in other businesses or from rendering services of any
kind to any other person or entity, including providing advisory service to
others.

      (c) The Administrative Agent shall maintain, or cause to be maintained,
proper books of account and complete records of all transactions of the Company
undertaken or performed by the Administrative Agent under this Administration
Agreement and will render statements or copies thereof from time to time as
reasonably requested by the Company or a Rating Agency. The Administrative Agent
will assist in ensuring the timely completion of all audits (if any) of the
Company required under the Depositor Documents or required for purposes of
maintaining compliance by any Trust with Rule 3a-7 under the Investment Company
Act and all applicable rules, regulations and interpretations thereunder, such
as ensuring that the underlying securities and other instruments that comprise
the Trust property meet the requirements of Rule 3a-7.

      (d) In order to permit the Administrative Agent to perform its duties
hereunder, the Company shall cooperate fully with the Administrative Agent and
assist the Administrative Agent in carrying out the Administrative Agent's
duties hereunder, including, without, limitation, executing such documents as
the Administrative Agent may reasonably request and/or providing to the
Administrative Agent or its designated representative or agent such authority
and power (including power of attorney) to execute such documents on behalf of
the Company as the Administrative Agent may reasonably request.

      Section 3. Activities of Administrative Agent. The Administrative Agent
will not, in performing its obligations under this Administration Agreement,
knowingly take any action that would cause the Company to be in violation of any
law, rule or regulation applicable to it or of any provision of its certificate
of incorporation, By-Laws, or any warranty, representation or covenant of the
Company contained in the Depositor Documents, which violation could have a
material adverse effect on the operations, assets or financial condition of the
Company; or

                                       4
<PAGE>

cause the Company to become subject to registration as an "investment company"
under the Investment Company Act and the rules and regulations thereunder.

      Section 4. Standard of Care. The Administrative Agent shall perform its
duties under this Administration Agreement diligently, in conformity with the
Company's obligations relating thereto and in accordance with the same standard
of care exercised by a prudent person in connection with the administration of
similar operations and in no event with less care than the Administrative Agent
exercises or would exercise in connection with the administration of its own
operations. Notwithstanding the foregoing sentence, nothing in this
Administration Agreement shall be deemed as a warranty by the Administrative
Agent of the credit quality or risk associated with any asset purchased by the
Company.

      Section 5. Representations and Warranties of the Company. The Company
represents and warrants to the Administrative Agent that:

      (a) The Company is a special purpose corporation duly organized and
validly existing under the laws of the State of Delaware and is duly qualified
and authorized to do business and to own its properties and to perform its
obligations under this Administration Agreement.

      (b) The Company has the power and authority to enter into and perform this
Administration Agreement and the execution, delivery and performance of this
Administration Agreement by the Company have been duly authorized by all
necessary action on the Company's part and do not contravene its certificate of
incorporation or by-laws or any indenture, mortgage, credit agreement, license
or other agreement or instrument to which the Company is a party or by which it
or any of its property is bound, or any law, judgment or governmental rule,
regulation or order applicable to it.

      (c) The Administration Agreement constitutes the Company's legal, valid
and binding obligation, enforceable against the Company in accordance with its
terms, except as such enforcement may be limited by (A) any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors' rights generally or (B) the effect of general principles of equity
(regardless of whether considered in a proceeding in equity or at law).

      (d) There are no actions or proceedings pending or threatened against the
Company before any court or administrative agency which are likely to have a
material adverse effect on the Company's condition or the results of its
operations or its ability to perform its obligations under this Administration
Agreement.

      (e) No authorization, approval or license or other action by, and no
notice to or filing with, any governmental authority or regulatory body or any
other third party is required for the due execution, delivery and performance by
the Company of this Administration Agreement or for the consummation of the
transactions contemplated hereby and thereby.

      (f) The Company is not in default under any agreement or instrument to
which it is a party the result of which default would materially and adversely
affect its ability to perform its obligations under this Administration
Agreement.

      (g) The Company is not required to register as an "investment company"
within the meaning of the Investment Company Act.

      (h) The Company has not established and does not maintain or contribute to
any employee benefit plan that is covered by Title IV of the Employee Retirement
Security Act of 1974, as amended.

      (i) The "principal place of business" and "chief executive office" of the
Company is located at c/o Lord Securities Corporation, 48 Wall Street, 27th
Floor, New York, New York 10005. All records concerning the Deposited Assets
shall be held at the offices of the Administrative Agent.

      Section 6. Representations and Warranties of the Administrative Agent. The
Administrative Agent represents and warrants to the Company that:

                                       5
<PAGE>

      (a) It is a corporation duly organized and validly existing under the laws
of the State of Delaware and is duly qualified and authorized to do business and
to own its properties and to perform its obligations under this Administration
Agreement.

      (b) It has the power and authority to enter into and perform this
Administration Agreement and the execution, delivery and performance of this
Administration Agreement has been duly authorized by all necessary action on its
part and do not contravene its charter and/or by-laws or any indenture,
mortgage, credit agreement, license or other agreement or instrument to which it
is a party or by which it or any of its property is bound, or any law, judgment
or governmental rule, regulation or order applicable to it.

      (c) This Administration Agreement constitutes its legal, valid and binding
obligation, enforceable against the Administrative Agent in accordance with its
terms, except as such enforcement may be limited by (A) any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors' rights generally or (B) the effect of general principles of equity
(regardless of whether considered in a proceeding in equity or at law).

      (d) There are no actions or proceedings pending or threatened against the
Administration Agent before any court or administrative agency which are likely
to have a material adverse effect on its condition or the results of its
operations or its ability to perform its obligations under this Administration
Agreement.

      (e) No authorization, approval or license or other action by, and no
notice to or filing with, any governmental authority or regulatory body or any
other third party is required for the due execution, delivery and performance by
it of the this Administration Agreement or for the consummation of the
transactions contemplated hereby and thereby.

      (f) It is not in default under any agreement or instrument to which it is
a party the result of which default would materially and adversely affect its
ability to perform its obligations under this Administration Agreement.

      Section 7. Compensation of the Administrative Agent. For all services to
be rendered by the Administrative Agent as described in this Administration
Agreement, the Company will pay to the Administrative Agent, as full
compensation for its services hereunder, such fee or fees as may be determined
from time to time by the Administrative Agent and the Company (collectively, the
"Administrative Agent Fee"). The Administrative Agent Fee shall be payable
solely from funds available to the Company, from time to time, in excess of
those needed to pay all other liabilities of the Company. To the fullest extent
permitted by applicable law, unpaid Administrative Agent fees shall not
constitute a "claim" in bankruptcy for the purposes of the Bankruptcy Code. This
Section 7 shall survive any termination of the Administration Agreement.

      Section 8. Indemnification.

      (a) The Company hereby agrees to indemnify and hold harmless the
Administrative Agent and the Administrative Agent's directors, officers,
employees, agents, incorporators and stockholders from and against any and all
damages, losses, liabilities, costs and expenses incurred by the Administrative
Agent in performing (or failing to perform) its obligations under this
Administration Agreement, other than any performance or failure to perform by
the Administrative Agent or its directors, officers, employees, agents,
incorporators or shareholders which constitutes negligence or willful
misconduct. The Administrative Agent shall immediately notify the Company of any
damage, loss, liability, cost or expense which the Administrative Agent has
determined has given or would give rise to a right of indemnification under this
Administration Agreement and the Company shall have the right upon notice to the
Administrative Agent to compromise or defend any such liability or claim at its
own expense. Failure to give such notice shall not relieve the Company of its
indemnity under this Administration Agreement; provided, however, that the
Company shall not be held responsible for any damage, loss, liability, cost or
expense resulting from the failure to give such notice.

      (b) The Administrative Agent hereby agrees to indemnify and hold harmless
the Company and each such company's directors, officers, employees, agents,
managers, authorized person and members from and against any and all damages,
losses, liabilities, costs and expenses incurred by such company resulting from
negligence or willful misconduct on the part of the Administrative Agent in
performing (or failing to perform) its obligations

                                       6
<PAGE>

under this Administration Agreement. The Company shall immediately notify the
Administrative Agent of any damage, loss, liability, cost or expense which the
Company has determined has given or would give rise to a right of
indemnification under this Administration Agreement and this Administrative
Agent shall have the exclusive right to compromise or defend any such liability
or claim at its own expense, which decision shall be binding and conclusive upon
the Company. Failure to give such notice shall not relieve the Administrative
Agent of its indemnity under this Administration Agreement; provided, however,
that the Administrative Agent shall not be held responsible for any damage,
loss, liability, cost or expense resulting from the failure to give such notice.

      (c) Amounts owed by the Company under this Section 8 shall be payable
solely from the funds available to the Company, from time to time, in excess of
those needed to pay all other liabilities of the Company. To the fullest extent
permitted by applicable law, unpaid amounts due from the Company under this
Section 8 shall not constitute a "claim" against the Company as defined in the
Bankruptcy Code. This Section 8 shall survive termination of the Administration
Agreement.

      Section 9. Obligation to Supply Information. The Administrative Agent is
authorized on behalf of the Company to prepare and supply, or cause the other
parties to the Depositor Documents to prepare and supply, the Administrative
Agent with such information regarding their performance under the Depositor
Documents as the Administrative Agent may from time to time reasonably request
in connection with the performance of its obligations hereunder. The Company and
its auditors and advisors will have access to the Company's books and records
and the Administrative Agent will provide the Company, its auditors and advisors
with copies of such books and records as required.

      Section 10. The Administrative Agent's Liability. The Administrative Agent
assumes no liability for anything other than to render the services called for
in Section 2 hereof consistent with the requirements of Section 4 hereof and
neither the Administrative Agent nor any of its directors, officers, employees
or affiliates shall be responsible for any action of the Company or the
directors, officers or employees thereof, other than as provided under the
Depositor Documents and this Agreement.

      Section 11. Reliance on Information Obtained from Third Parties. The
Company recognizes that the accuracy and completeness of the records maintained
and the information supplied by the Administrative Agent hereunder is dependent
upon the accuracy and completeness of the information obtained by the
Administrative Agent from the parties to the Depositor Documents and other
sources and the Administrative Agent shall not be responsible for any inaccuracy
in the information so obtained or for any inaccuracy in the records maintained
by the Administrative Agent hereunder which may result therefrom.

      Section 12. No Joint Venture. Nothing contained in this Administration
Agreement shall constitute the Company and the Administrative Agent as members
of any partnership, joint venture, association, syndicate or unincorporated
business.

      Section 13. Miscellaneous.

      (a) Effectiveness. This Administration Agreement shall become effective as
of the Formation Date when each of the parties thereto shall have executed
counterparts of this Administration Agreement and each party shall have
forwarded a counterpart executed by it to the other party thereto.

      (b) Counterparts. This Administration Agreement may be executed by the
parties thereto in separate counterparts, each of which shall be deemed to be an
original, and all such counterparts shall together constitute but one and the
same instrument.

      (c) Supplements; Amendments; Modification. This Administration Agreement
may be supplemented, modified or amended by written instrument signed on behalf
of both parties hereto. To the extent, if any, that is necessary in order that
the rating assigned to any Trust Security not be reduced or withdrawn by any
Rating Agency, each supplement, modification or amendment, as the case may be,
of this Administration Agreement shall not be effective until satisfaction of
the Rating Agency Condition with respect to such material supplement,
modification or amendment. The Company will forward a copy of each supplement,
modification or amendment to each Trustee and each Rating Agency, following the
execution thereof. "Rating Agency Condition" means, with respect to any

                                       7
<PAGE>

specified action or determination, receipt by the Company, the Depositor and the
Administrative Agent of a written confirmation from each Rating Agency that the
specified action or determination will not result in a withdrawal or reduction
by such Rating Agency of the then current rating on such Certificate.

      (d) Termination. This Administration Agreement may terminate upon either
party to this Administration Agreement providing to the other party thereto at
least ninety (90) days' written notice; provided, however, that such termination
may not be made unless the Rating Agency Condition is satisfied. Prior to the
effectiveness of the termination of the Administrative Agent's obligations under
this Administration Agreement, the Company shall have appointed a successor
Administrative Agent, such successor Administrative Agent shall have accepted
such appointment, and the Rating Agency Condition shall have been satisfied;
provided, further, that the indemnification provisions contained in Section 8
hereof shall survive any such termination.

      (e) Notices. All demands, notices and communications under this
Administration Agreement shall (unless otherwise expressly provided herein) be
in writing (including by telex, telecopy or e-mail communication). Notices under
this Administration Agreement shall be deemed to have been given as of the date
mailed or delivered and shall be delivered, or mailed by registered mail, or
telexed, telecopied or e-mailed to the Company and the Administrative Agent.

      (f) No Recourse. The obligations of the Company under this Administration
Agreement are solely the limited liability company obligations of the Company.
No recourse shall be had for the payment amount owing by the Company under this
Administration Agreement or for the payment by the Company of any fee in respect
hereof or any other obligation or claim of or against the Company arising out of
or based upon this Administration Agreement, against any employee, officer,
director, manager, authorized person, agent or member or other affiliate of the
Company. The Administrative Agent agrees that the Company shall be liable for
any claims hereunder that such party may have against the Company only to the
extent the Company has funds available in excess of needed to pay all other
liabilities of the Company. Unpaid amounts herein shall constitute a "claim"
against the Company as defined in the Bankruptcy Code. This provision shall
survive termination of the Administration Agreement.

      (g) Bankruptcy. The Administrative Agent agrees that it shall not
institute against, or join any other person in instituting against, the Company
any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceeding, or other similar proceeding under the laws of any jurisdiction for
one year and a day after all Trust Securities are paid in full or cancelled
pursuant to the Trust Agreement. The obligations of the Administration Agent
under this Section 13(g) shall survive the termination of this Administration
Agreement.

      (h) Delegation of Duties. The Administrative Agent shall be permitted to
perform any or all of its services to be performed under this Administration
Agreement directly or through one or more of its affiliates or through any other
Person, provided that (i) such affiliate or other Person shall have delivered to
the Company an agreement in writing to be obligated for such performance and an
undertaking the terms of which are the same as the terms of the agreement of the
Administrative Agent contained in subsection (g) above and (ii) the
Administrative Agent shall remain primarily liable for the performance of all of
its obligations under this Administration Agreement.

      (i) GOVERNING LAW. THE ADMINISTRATION AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT
REGARD TO CHOICE OF LAW PRINCIPLES).

      (j) Jurisdiction. With respect to any claim or action arising hereunder,
the parties (a) irrevocably submit to the nonexclusive jurisdiction of the
courts of the State of New York and the United States District Court located in
the Borough of Manhattan in The City of New York, New York, and appellate courts
from any thereof, and (b) irrevocably waive any objection which such party may
have at any time to the laying of venue of any suit, action or proceeding
arising out of or relating to this Administration Agreement brought in any such
court, and irrevocably waive any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum.

      (k) WAIVER OF JURY TRIAL. THE PARTIES TO THIS ADMINISTRATION AGREEMENT
KNOWINGLY, VOLUNTARILY AND EXPRESSLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM ENFORCING OR DEFENDING ANY RIGHTS ARISING

                                       8
<PAGE>

OUT OF OR RELATING TO THIS ADMINISTRATION AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. THE PARTIES HERETO ACKNOWLEDGE THAT THE PROVISIONS OF THIS
SECTION 14(K) HAVE BEEN BARGAINED FOR AND THAT EACH SUCH PARTY HAS BEEN
REPRESENTED BY COUNSEL IN CONNECTION HEREWITH.

      (l) Performance. In acting with respect to this Administration Agreement,
the Administrative Agent shall be required to perform only such duties as are
specifically set forth in (i) this Administration Agreement and (ii) applicable
law as in effect from time to time. The Administrative Agent undertakes to
perform such duties and only such duties as are specifically set forth in this
Administration Agreement. No implied covenants or obligations shall be read into
this Administration Agreement against the Administrative Agent.

      (m) Waiver of Setoff and Counterclaim. The Administrative Agent hereby
waives all set-offs and counterclaims and all presentments and demands for
performance. This Section 13(m) shall survive termination of the Administration
Agreement.

      (n) License of Service Mark. In further consideration of the
Administrative Agent's services and duties, the Company agrees that, at its own
expense, it: (i) shall apply to register the mark Comcertz in the United States
and in any other jurisdiction where the Company offers goods and/or services
under the Administration Agreement; and (ii) shall use good faith efforts to
obtain and maintain such registration(s) and comply with applicable notice and
marking provisions. The Company further agrees that it: (i) will not assign or
license any rights in the mark Comcertz to third parties without the written
consent of the Administrative Agent, or grant any liens on the mark Comcertz or
any applications or registrations therefor; and (ii) shall not use the mark
Comcertz in connection with any goods or services other than those described in
the Administration Agreement. In the event either party becomes aware of any
infringement of the mark Comcertz by a third party, such party shall notify the
other party in writing and the parties will negotiate in good faith as to
whether and how the Company should seek to abate such infringement. Upon
termination of the Administration Agreement, the Company shall assign to
Administrative Agent or its designee for the sum of one (1) dollar all rights in
and to the mark Comcertz, all applications or registrations therefor, and all
goodwill in connection therewith.

      (o) Entire Agreement. The Administration Agreement constitutes the entire
agreement among the parties hereto with respect to the matters covered hereby
and supersedes all prior agreements and understandings among the parties.

      (p) Severability. Any provision of this Administration Agreement which 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 or affecting the validity or
enforceability, of such provision in any other jurisdiction.

      (q) Assignment. Neither party may assign all or any portion of its rights
under this Administration Agreement unless (i) the other party consents in
writing and (ii) the Rating Agency Condition is satisfied.

                                       9
<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this Administration Agreement
to be duly executed on the date first above written.

                                   COMCERTZ ABS CORPORATION

                                   By:    ___________________________________
                                   Name:  ___________________________________
                                   Title: ___________________________________

                                   Address:      c/o Lord Securities Corporation
                                                 48 Wall Street, 27th Floor,
                                                 New York, New York  10005
                                   Attention:

                                   COMMERZBANK CAPITAL MARKETS CORP.

                                   By:    ___________________________________
                                   Name:  ___________________________________
                                   Title: ___________________________________

                                   By:    ___________________________________
                                   Name:  ___________________________________
                                   Title: ___________________________________

                                   Address:      1251 Avenue of the Americas
                                                 New York, New York 10020-1104
                                   Attention:

                                       10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]