Document:

(Multicurrency--Cross Border)

                                     ISDA(R)
                  International Swap Dealers Association, Inc.
                                MASTER AGREEMENT

                          dated as of December 15, 2003
                                      _________________

          (d)  BNP Paribas         and    The Robert Mondavi Corporation and
                                          R.M.E., Inc. each, jointly and
                                          severally
     _________________________            __________________________________

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, (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.

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(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 Section 4(a)(i), 4(a)(iii) or 4(d); or

               (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.

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(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 organised and validly existing under the laws of the
     jurisdiction of its organisation 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 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
     authorise 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 judgement 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;

     (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

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     (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, reorganisation, 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.

(b) Maintain Authorisations. 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.

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(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, organised, 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 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 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 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);

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     (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:

          (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

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

                                       9
<PAGE>

          (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 Quotations. 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
          mount 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 (of, 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).

                                       10
<PAGE>

(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 maybe 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) Judgements. 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 payments is owed and will not be affected by judgement being
obtained or claim or proof being made for any other sums payable in respect of
this Agreement.

                                       11
<PAGE>

(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.

                                       12
<PAGE>

(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 organisation 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.

(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.

                                       13
<PAGE>

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 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 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 Judgements 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.

                                       14
<PAGE>

(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) in 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).

"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, authorisation, exemption,
notice, filing, registration or exchange control consent.

                                       15
<PAGE>

"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 organised, 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 my 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, except, so as to avoid duplication, if Section 6(e)(i)(1)(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.

                                       16
<PAGE>

"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, 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 an
make 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, organised, 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.

"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:

                                       17
<PAGE>

(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 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 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.

                                       18
<PAGE>

"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.

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 document.
<TABLE>
<CAPTION>

<S>     <C>                                                              <C>
Part 2   BNP Paribas Securities Corp.
                                                                       The Robert Mondavi Corporation
Part 3   on behalf of BNP Paribas
....................................................            ................................................
                 (Name of Party)                                               (Name of Party)

By:                                                            By:
         ..........................................                  ..........................................

Name:        Christine Smith Howard                            Name:     Robert Philipps

Title:       Authorized Signatory                              Title:    VP, Treasury & Investor Relations

Date:        December 31, 2003                                 Date:

                                                                                R.M.E., Inc.

By:                                                            By:
         ..........................................                  ..........................................

Name:        Mindy Sperling                                    Name:     Robert Philipps

Title:       Authorized Signatory                              Title:    VP, Treasury & Investor Relations

Date:        December 31, 2003                                 Date:
                                                               Each of the foregoing on a joint and several
                                                               basis and each such party being referred to
                                                               as "Party B" in this agreement

</TABLE>

                                       19SCHEDULE

                                     to the

                                Master Agreement

                          dated as of December 15, 2003

                                     between

                                   BNP Paribas
                                   ("Party A")

                                       and

   The Robert Mondavi Corporation and R.M.E., Inc. each, jointly and severally
                                   ("Party B")

                                     Part 1
                             Termination Provisions

(a)  "Specified Entity" means in relation to Party A for the purpose of:-

     Section 5(a)(v),                          None
     Section 5(a)(vi),                         None
     Section 5(a)(vii),                        None
     Section 5(b)(iv),                         None

     and in relation to Party B for the purpose of:-

     Section 5(a)(v),                          Affiliates
     Section 5(a)(vi),                         Affiliates
     Section 5(a)(vii),                        Affiliates
     Section 5(b)(iv),                         Affiliates

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

(c)  The "Cross Default" provisions of Section 5(a)(vi) will apply to Party A
     and will apply to Party B.

     If such provisions apply:-

     "Specified Indebtedness" will have the meaning specified in Section 14 of
     this Agreement but will exclude deposits received by a party in the
     ordinary course of its banking business.

     "Threshold Amount" means USD 5,000,000 with respect to Party B and 3% of
     Shareholder's Equity of Party A (as defined in Party A's published
     financial reports) with respect to Party A or the equivalent thereof in any
     other currency or currencies with respect to the relevant party.

(d)  The "Credit Event Upon Merger" provisions of Section 5(b)(iv) will apply to
     Party A and will apply to Party B.

                                       19
<PAGE>

(e)  The "Automatic Early Termination" provision of Section 6(a) will not apply
     to Party A and will not apply to Party B.

(f)  Payments on Early Termination. For the purpose of Section 6(e) of this
     Agreement:-

     (i)  Loss will apply.

     (ii) The Second Method, incorporating the set-off provisions set out in
          paragraph (a) of Part 5 hereof, will apply.

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

(h)  "Additional Termination Event" will not apply.

                                     Part 2
                               Tax Representations

(a)  Payer Representations. For the purpose of Section 3(e) of this Agreement,
     Party A will make the following representation and Party B will 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 representations made by the other party pursuant
          to Section 3(f) of this Agreement;

     (ii) the satisfaction of the agreement 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) by reason of material prejudice to
     its legal or commercial position.

(b)  Payee Tax Representations. For the purpose of Section 3(f) of this
     Agreement, Party A and Party B will not make any representations.

                                     Part 3
                         Agreement to Deliver Documents

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

(a)  Tax forms, documents or certificates to be delivered are:- None

                                       20
<PAGE>
<TABLE>
<CAPTION>

       <S>                         <C>                                        <C>             <C>
       Party required to       Form / Document / Certificate                Date by which     Covered by Section
       deliver document                                                     to be delivered   3(d) Representation

       Party A                 such  proof  as  Party  B  may   reasonably  upon   execution     Yes
                               request of the names,  true  signatures and  and  delivery of
                               authority    of   persons    signing   this  this Agreement
                               Agreement  on  its  behalf  and  any  other
                               document  referred to herein to which it is
                               a party;

       Party B                 Certified    copies   of   all    corporate  upon   execution     Yes
                               authorizations   and  any  other  documents  and  delivery of
                               with  respect  to the  execution,  delivery  this Agreement
                               and    performance   of   this   Agreement;
                               together  with a  certificate  of authority
                               and  specimen  signatures  of  the  persons
                               executing this Agreement;

       Party B                 A  copy  of  its  most  recently  available  promptly after a     Yes
                               annual report containing  audited financial  request by Party
                               statements  for  its  most  recently  ended  A
                               fiscal year  certified  by its  independent
                               public  accountants  as  fairly  presenting
                               its  financial  condition  and  results  of
                               operations  for and as at the close of such
                               fiscal year;

       Party B                 A  copy  of  its  most  recently  available  promptly after
                               unaudited  financial   statements  for  its  a request by
                               most   recently    ended   fiscal   quarter  Party A
                               certified  by its chief  financial  officer
                               as   fairly    presenting   its   financial
                               condition  and  results of  operations  for
                               and as at the close of such quarter;

       Party B                 Each  regular   financial  and/or  business  promptly after       Yes
                               reporting  document that is  distributed or  a request by
                               is  generally  available  to its  partners,  Party A
                               shareholders,  creditors or investors or is
                               filed with any regulatory  authorities  and
                               is  publicly  available  or  relates to its
                               financial condition;

       Party B                 Such  other  information  respecting  Party  promptly after       Yes
                               B's condition or  operations,  financial or  a request by
                               otherwise,   as  Party  A  may   reasonably  Party A
                               request from time to time; and

       Party B                 Opinion of independent  counsel for Party B  upon execution       Yes
                               in the form of Exhibit I;                    and delivery of
                                                                            this Agreement

</TABLE>

                                       21
<PAGE>

Notwithstanding anything to the contrary contained herein, if the financial
reports of Party B are available to Party A on the website www.sec.gov; Party
B's obligation to deliver such reports to Party A hereunder shall be deemed to
have been satisfied.

                                                     Part 4
                                                  Miscellaneous

(a)  Addresses for Notices. For the purpose of Section 12(a) of this Agreement:-

     Address for notices or communications to Party A:-

     Address:               BNP Paribas, 16 Boulevard des Italiens, 75009 Paris,
                            France
     Attention:             BFI/BOLTIT
     Telex No.              282919 Answerback: BNP 282919F

     copy to:               BNP Paribas, 10 Harewood Avenue, London NW1 6AA,
                            England
     Attention:             Legal and Transaction Management Group
     Telex No:              296723 Answerback: PARCAP
     Electronic Messaging System Details:  BPCMGB2X
     (For all purposes)

     Address for notices or communications to Party B:-

     Address:               Robert Mondavi Corporation
                            901 Kaiser Road
                            Napa, CA  94558
     Attention:             Robert Philipps

     Party A may rely on notices or communications from The Robert Mondavi
     Corporation alone as a notice from Party B and notices or communication to
     The Robert Mondavi Corporation alone shall be deemed effective notice to
     Party B.

(b)  "Process Agent". For the purpose of Section 13(c) of this Agreement:-

     Party A appoints as its Process Agent: its New York Branch at 787 Seventh
     Avenue, New York, New York 10019.

     Party B appoints as its Process Agent:
     Robert Mondavi Corporation
     William J. Peterson
     841 Latour Court
     Napa, CA 94558

(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>
<TABLE>
<CAPTION>

     Party A is a Multibranch Party and may act through the following Offices:-

       <S>                                   <C>                                <C>
       BNP Paribas Head Office                 Its New York Branch at             Its other United States
       16, Boulevard des Italiens              The Equitable Tower                Branches
       75009 Paris                             31st Floor
       France                                  787 Seventh Avenue
                                               New York, NY 10019
                                               USA

       Its Tokyo Branch at                     Its London Branch at               Its Hong Kong Branch at 11th
       Sankei Building 22F                     10 Harewood Avenue                 Floor
       1-7-2,  Otemachi,                       London  NW1 6AA                    Central Tower
       Chiyoda-ku                              England                            28 Queen's Road Central
       Tokyo 100-0004                                                             Hong Kong
       Japan

       Its Singapore Branch                    Its Dublin Branch                  Its Sydney Branch
       Tung Centre                             5 George's Dock                    12 Castlereagh Street
       20 Collyer Quay                         IFSC                               Sydney NSW 2001
       Singapore 0104                          Dublin 1                           Australia
                                               Ireland

</TABLE>

     Its Grand Cayman Branch

     Party B is not a Multibranch Party.

(e)  Calculation Agent. The Calculation Agent is Party A. The failure by Party A
     to perform its obligations as Calculation Agent hereunder shall not be
     construed as an Event of Default or Termination Event.

(f)  Credit Support Document. Not Applicable

(g)  Credit Support Provider. Not Applicable

(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. Subparagraph (ii) of Section 2(c) of this Agreement
     will apply unless otherwise stated in any Confirmation.

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

                                     Part 5
                                Other Provisions

(a)  Set-off. Any amount (the "Early Termination Amount") payable to one party
     (the "Payee") by the other party (the "Payer") under Section 6(e), in
     circumstances where there is a Defaulting Party or an Affected Party where
     a Termination Event under Section 5(b)(iv) has occurred, will, at the
     option of the party ("X") other than the Defaulting Party or the Affected
     Party (and without prior notice to the Defaulting Party or the Affected
     Party), be reduced by its set-off against any amount(s) (the "Other
     Agreement Amount") payable (whether at such time or in the future or upon
     the occurrence of the contingency) by the Payee to the Payer irrespective
     of the currency, place of payment or booking office of the obligation under
     any other agreement(s) between the Payee and the Payer (and the Other
     Agreement Amount will be discharged pro tanto). X will give notice to the
     other party of any set-off so effected.

     For this purpose, either the Early Termination Amount or the Other
     Agreement Amount (or the relevant part of such amounts) may be converted at
     the applicable prevailing exchange rate into the currency in which the
     other is denominated.

     If an obligation is unascertained, X may in good faith estimate that
     obligation and set-off in respect of the estimate, subject to the relevant
     party accounting to the other when the obligation is ascertained.

                                       23
<PAGE>

     Nothing in this paragraph shall be effective to create a charge or other
     security interest. This Section shall be without prejudice and in addition
     to any right of set-off, combination of accounts, lien or other right to
     which any party is at any time otherwise entitled (whether by operation of
     law, contract or otherwise).

(b)  Tax Event

     Section 5(b)(ii) is amended by deleting the words ", or there is a
     substantial likelihood that it will", from line four thereof.

(b)  ISDA Definitions. The definitions and provisions contained in the 2000 ISDA
     Definitions, the 2003 ISDA Credit Derivatives Definitions, the 1998 ISDA FX
     and Currency Option Definitions, the 2002 ISDA Equity Derivatives
     Definitions, the 1993 ISDA Commodity Definitions, each as published by the
     International Swaps and Derivatives Association, Inc. (collectively, the
     "Definitions", as such Definitions may be further amended or supplemented)
     are incorporated into any Confirmation which supplements and forms part of
     this Agreement, and all capitalized terms used in a Confirmation shall have
     the meaning set forth in the Definitions, unless otherwise defined in a
     Confirmation. In the event of any conflict between the provisions of this
     Agreement and the provisions of the Definitions, the provisions of the
     Agreement shall apply, and in the event of any conflict between the
     provisions of this Agreement and a Confirmation, the provisions of the
     Confirmation shall apply.

(c)  Confirmations. A new Section 1(d) is hereby added to the Agreement as
     follows:

     "(d) Confirmations. Any transaction entered into by the parties, whether or
     not prior to the date hereof, which would otherwise constitute a "Specified
     Transaction" under this Agreement shall be deemed to be a Transaction for
     the purposes of this Agreement, even where not so specified in the
     documentation for such transaction. Any document or other writing
     (including telexes, faxes and electronic messages) evidencing the terms of
     such a Transaction shall, unless otherwise specified in such writing, be
     deemed to be a Confirmation for the purposes of this Agreement and, unless
     otherwise agreed by the parties, each such Confirmation shall supplement,
     form a part of, and be subject to this Agreement and all provisions in the
     Agreement will govern the Confirmation except as modified therein."

(d)  Representations. Each party will be deemed to represent to the other party
     on the date on which it enters into a Transaction that (absent a written
     agreement between the parties that expressly imposes affirmative
     obligations to the contrary for that Transaction):

     (i)  Non-Reliance. It is acting for its own account and it has made its own
          independent decisions to enter into that Transaction and as to whether
          that Transaction is appropriate or proper for it based upon its own
          judgement and upon advice from such advisers as it has deemed
          necessary. It is not relying on any communication (written or oral) of
          the other party as investment advice or as a recommendation to enter
          into that Transaction; it being understood that information and
          explanations related to the terms and conditions of a Transaction
          shall not be considered investment advice or a recommendation to enter
          into that Transaction. It has not received from the other party any
          assurance or guarantee as to the expected results of the Transaction.

     (ii) Evaluations and Understanding. It is capable of evaluating and
          understanding (on its own behalf or through independent professional
          advice), and understands and accepts, the terms, conditions and risks
          of that Transaction. It is also capable of assuming, and assumes, the
          financial and other risks of that Transaction.

    (iii) Status of Parties. The other party is not acting as a fiduciary or an
          adviser for it in respect of that Transaction.

     (iv) Acting as Principal. It is acting as principal and not as agent or in
          any other capacity, fiduciary or otherwise.

     (v)  Beneficial Owner. With respect to any physically settled Transactions,
          it shall 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.

     (vi) Eligible Contract Participant. It is an "eligible contract
          participant" within the meaning of the Commodity Exchange Act."

                                       24
<PAGE>

(e)  Additional Representation by Party B. Party B represents and warrants that
     its obligations hereunder shall at all times rank at least pari passu with
     all other unsecured indebtedness of Party B.

(f)  Default Caused by Illegality. An Event of Default pursuant to Section
     5(a)(vi) shall not be deemed to have occurred if it is caused by an event
     that would constitute an Illegality if it occurred in connection with this
     Agreement.

(g)  Events of Default. Section 5 (a) of the Agreement is amended by inserting
     the following at the end of subsection (vii) (3) thereof:

     "or a notice is sent convening a meeting to propose a voluntary arrangement
     of its creditors"

(h)  Waiver of Jury Trial. Each party waives to the fullest extent permitted by
     applicable law any right it may have to have a trial by jury in respect of
     any Proceedings and acknowledges that it and the other party have been
     induced to enter into this Agreement (and provide for any Credit Support
     Document, as applicable) by, among other things, the mutual waivers in this
     Section.

(i)  Notification of the Recording of Telephone Conversations. Each Party (i)
     consents to the recording of telephone conversations of trading and
     marketing personnel of the parties in connection with this Agreement and
     any Transactions hereunder and to the submission of such recordings in
     evidence in any Proceedings and (ii) agrees to obtain any necessary consent
     of, and give notice of such recording to, such personnel.

                                     PART 6
                       FX AND CURRENCY OPTION TRANSACTIONS

(a)  Payment of Premiums for Currency Options.

     (i)  Unless otherwise agreed in writing by the parties, the Premium for any
          Currency Option shall be paid on its Premium Payment Date.

     (ii) If the Premium is not paid on its Premium Payment Date, the Seller may
          elect:

          (A)  to accept a late payment of such Premium;

          (B)  to give written notice of such non-payment and, if such payment
               shall not be received within two (2) Local Business Days of such
               notice, treat the related Currency Option as void; or

          (C)  to give written notice of such non-payment and, if such payment
               shall not be received within two (2) Local Business Days of such
               notice, treat such non-payment as an Event of Default under
               Section 5 (a) (i) of the Agreement.

    (iii) If the Seller elects to act under either (A) or (B) above, the Buyer
          shall pay all out-of-pocket costs and actual damages incurred in
          connection with such unpaid or late Premium or void Currency Option,
          including, without limitation, interest on such Premium from and
          including the Premium Payment Date to but excluding the late payment
          date in the same currency as such Premium at the prevailing market
          rate and any other losses, costs or expenses incurred by the Seller in
          connection with such terminated Currency Option, for the loss of its
          bargain, its cost of funding, or the loss incurred as a result of
          terminating, liquidating, obtaining or re-establishing a delta hedge
          or related trading position with respect to such Currency Option.

                                       25
<PAGE>

(b)  Netting Discharge and Termination of Currency Options.

     From a date to be mutually agreed by the parties, any Call Option or any
     Put Option written by a party will automatically be terminated and
     discharged, in whole or in part, as applicable, and unless otherwise
     agreed, against a Call Option or a Put Option, respectively written by the
     other party, such discharge and termination to occur automatically upon the
     payment in full of the last Premium payable in respect of such Currency
     Options in accordance with standard payment instructions; provided that
     such discharge and termination may only occur in respect of Currency
     Options:

     (i)  each being with respect to the same Put Currency and the same Call
          Currency;

     (ii) each having the same Expiration Date and Expiration Time;

    (iii) each being of the same style i.e. either both being American Style
          Options or both being European Style Options;

     (iv) each having the same Strike Price;

     (v)  each having being transacted by the same offices of Party A and Party
          B; and

     (vi) neither of which shall have been exercised by delivery of a Notice of
          Exercise;

     and upon the occurrence of such discharge and termination, neither Party
     shall have any obligation to the other Party in respect of the relevant
     Currency Options or, as the case may be, parts thereof so discharged and
     terminated. Such discharge and termination shall be effective
     notwithstanding that either party may fail to record such discharge and
     termination in its books. In the case of a partial discharge and
     termination (i.e. where the relevant Currency Options are for different
     amounts of the Currency Pair), the remaining portion of the Currency
     Options which is partially discharged and terminated shall continue to be a
     Currency Option for the purposes of the Agreement, including this
     provision.

IN WITNESS WHEREOF the parties have executed this Schedule to the Agreement with
effect from the date specified on the first page of this document.

BNP PARIBAS SECURITIES CORP.             THE ROBERT MONDAVI CORPORATION
ON BEHALF OF BNP PARIBAS

By:  _____________________               By:   ________________________

Name:  Christine Smith Howard           Name:  ________________________

Title:  Authorized Signatory            Title: ________________________

                                        R.M.E., INC.

By:  _____________________               By:   _______________________

Name:  Mindy Sperling                    Name: _______________________

Title: Authorized Signatory             Title: _______________________

                    Each of the foregoing on a joint and several basis and each
                    such party being referred to as "Party B" in this Agreement
                    both individually and jointly.

                                       26
<PAGE>

                                                                      Exhibit I

                     Opinion of Counsel for the Counterparty

                                                                   ______, 2003

BNP Paribas
16 Boulevard des Italiens
75009 Paris
France

Dear Sirs

I have acted as counsel for _____________________________ (the "Counterparty")
in connection with the ISDA Master Agreement (the "Agreement") dated as of
__________________ between the Counterparty and BNP Paribas ("BNP Paribas"),
pursuant to which this opinion is furnished.

I have examined originals or copies, certified or otherwise identified to my
satisfaction, of such documents, corporate records, certificates of public
officials and other instruments and have conducted such other investigations of
fact and law as I have deemed necessary or advisable for purposes of this
opinion.

I express no opinion as to any laws other than the laws and regulations of
_____________________ as currently in effect. In addition, I have assumed that
the Agreement has been, and any Confirmation exchanged between the parties
confirming the Transaction which supplements and is subject to the Agreement (a
"Confirmation") will be, duly authorized, executed and delivered (or, in the
case of a Confirmation, entered into, as provided for therein) by BNP Paribas
[and that the Agreement constitutes, and when confirmed, as provided for
therein, any Confirmation will constitute, a valid and binding obligation under
the laws of the State of New York.

Upon the basis of the foregoing, I am of the opinion that:

1.   The Counterparty is a _______________ duly incorporated, validly existing
     and in good standing under the laws of ________________ and has full power
     and authority to execute, deliver and perform the Agreement and to confirm,
     as provided for therein, and perform any Confirmation.

2.   The execution, delivery and performance by the Counterparty of the
     Agreement and the entering into, as provided for therein, and performance
     of any Confirmation have been duly authorized by all necessary corporate
     action, require no action by or in respect of, or filing with, any
     governmental body, agency or official and do not contravene, or constitute
     a default under, any provision of applicable law or regulation or of the
     certificate of incorporation or by-laws of the Counterparty or of any
     agreement, judgement, injunction, order, decree or other instrument binding
     upon the Counterparty.

3.   The Agreement constitutes and, when confirmed, as provided for therein, any
     Confirmation, together with the Agreement, will constitute, a valid and
     binding obligation of the Counterparty enforceable in accordance with its
     terms except as enforcement may be limited by the provisions of any
     applicable bankruptcy, liquidation, insolvency and reorganization or other
     laws, relating to or affecting, generally the enforcement of creditor's
     rights.

4.   No authorizations, approvals or consents are required under the laws of
     ____________ to permit the purchase by the Counterparty of any currency
     which may be needed to make payment pursuant to the Agreement.

                                       27
<PAGE>

5.   The submission to the non exclusive jurisdiction of the State and Federal
     courts in New York City for all purposes in connection with, and the
     consent to service of process in, the Agreement are valid and binding upon
     the Counterparty and not subject to revocation. If any final and conclusive
     judgement of a State or Federal court sitting in New York City is rendered
     against the Counterparty in connection with any action arising out of or
     relating to the Agreement, such judgement would be recognized and enforced
     by the courts of __________________ without any re-trial or re-examination
     of the merits of action; provided that the ________________ court in which
     enforcement is sought determines that: [brief description of the grounds
     under which such judgement would be recognized without a re-examination of
     the merits]

                                                             Very truly yours,

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]