Document:

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                                                                   Exhibit 10.72

                                                                  EXECUTION COPY
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                                AmeriCredit Corp.

                                     and the

                             Guarantors Named Herein

                                  $175,000,000

                          9 1/4% Senior Notes due 2009

                               Purchase Agreement

                                  June 13, 2002

                            Bear, Stearns & Co. Inc.

                           J.P. Morgan Securities Inc.

                          Deutsche Bank Securities Inc.

                       RBC Dominion Securities Corporation

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                                AmeriCredit Corp.

                                  $175,000,000

                          9 1/4% Senior Notes due 2009

                               PURCHASE AGREEMENT

                                                              June 13, 2002
                                                              New York, New York

BEAR, STEARNS & CO. INC.
DEUTSCHE BANK SECURITIES INC.
J.P. MORGAN SECURITIES INC.
RBC DOMINION SECURITIES CORPORATION
c/o Bear, Stearns & Co. Inc.
383 Madison Avenue
New York, New York 10179

Ladies and Gentlemen:

          AmeriCredit Corp., a Texas corporation (the "Company"), proposes to
issue and sell to Bear, Stearns & Co. Inc. ("Bear Stearns"), J.P. Morgan
Securities Inc. ("JPMorgan"), Deutsche Bank Securities Inc. ("Deutsche") and RBC
Dominion Securities Corporation ("RBC") (each, an "Initial Purchaser" and,
collectively, the "Initial Purchasers") $175 million in aggregate principal
amount of 9 1/4% Senior Notes due 2009 (the "Initial Notes"), subject to the
terms and conditions set forth herein. The Initial Notes will be issued pursuant
to an indenture (the "Indenture"), to be dated the Closing Date (as defined),
among the Company, the Guarantors (as defined) and Bank One, NA, as trustee (the
"Trustee"). The Initial Notes will be fully and unconditionally guaranteed (the
"Initial Guarantees") as to payment of principal, interest, premium and
liquidated damages, if any, on an unsecured senior basis, jointly and severally
by each entity listed on Exhibit A hereto (collectively, the "Guarantors").
Capitalized terms used herein and not otherwise defined shall have the meanings
assigned to such terms in the Indenture.

          1.   Issuance of Securities. The Company proposes, upon the terms and
subject to the conditions set forth herein, to issue and sell to the Initial
Purchasers an aggregate of $175 million in principal amount of Initial Notes.
The Initial Notes and the Exchange Notes (as defined) issuable in exchange
therefor are collectively referred to herein as the "Notes."

          Upon original issuance thereof, and until such time as the same is no
longer required under the applicable requirements of the Securities Act of 1933,
as amended (the "Act"), the Initial Notes (and all securities issued in exchange
therefor or in substitution thereof) shall bear the following legend:

          "THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY
      ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE
      UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
      AND THE SECURITY EVIDENCED HEREBY

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    MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH
    REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE
    SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING
    ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT
    PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED
    HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT (A) SUCH SECURITY MAY BE
    RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (1) (a) IN THE UNITED STATES
    TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL
    BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION
    MEETING THE REQUIREMENTS OF RULE 144A, (b) OUTSIDE THE UNITED STATES IN AN
    OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT,
    (c) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE
    SECURITIES ACT, (d) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" (AS DEFINED IN
    RULE 501 (a) (1), (2), (3) OR (7) OF THE SECURITIES ACT (AN "INSTITUTIONAL
    ACCREDITED INVESTOR")) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A
    SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS (THE FORM OF
    WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT
    OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF
    COUNSEL ACCEPTABLE TO AMERICREDIT CORP. THAT SUCH TRANSFER IS IN COMPLIANCE
    WITH THE SECURITIES ACT OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE
    REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION
    OF COUNSEL IF AMERICREDIT CORP. SO REQUESTS), (2) TO AMERICREDIT CORP. OR
    (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN
    ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
    STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND
    EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF THE
    SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A)
    ABOVE."

      2.  Offering. The Initial Notes will be offered and sold to the Initial
Purchasers pursuant to an exemption from the registration requirements under the
Act. The Company and the Guarantors have prepared a preliminary offering
memorandum, dated June 5, 2002 (the "Preliminary Offering Memorandum"), and a
final offering memorandum, dated June 13, 2002 (the "Offering Memorandum"),
relating to the Company and its subsidiaries and the Initial Notes.

      The Initial Purchasers have advised the Company that they will make offers
(the "Exempt Resales") of the Initial Notes on the terms set forth in the
Offering Memorandum, as amended or supplemented, solely to (i) persons whom the
Initial Purchasers reasonably believe to be "qualified institutional buyers," as
defined in Rule 144A under the Act ("QIBs") and (ii) non-U.S. persons outside
the United States in reliance upon Regulation S ("Regulation S") under the Act
(each, a "Reg S Investor"). The QIBs and the Reg S Investors are collectively
referred to

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herein as the "Eligible Purchasers." The Initial Purchasers will offer the
Initial Notes to such Eligible Purchasers initially at a price equal to 98.78%
of the principal amount thereof. Such price may be changed at any time without
notice.

      Holders (including subsequent transferees) of the Initial Notes will have
the registration rights set forth in the registration rights agreement relating
thereto (the "Registration Rights Agreement"), to be dated the Closing Date, for
so long as such Initial Notes constitute "Transfer Restricted Securities" (as
defined in the Registration Rights Agreement). Pursuant to the Registration
Rights Agreement, the Company and the Guarantors will agree to file with the
Securities and Exchange Commission (the "Commission"), under the circumstances
set forth therein, (i) a registration statement under the Act (the "Exchange
Offer Registration Statement") relating to notes substantially identical to the
Initial Notes (the "Exchange Notes") and Exchange Guarantees thereof (the
"Exchange Guarantees") to be offered in exchange for the Initial Notes and
Initial Guarantees (the "Exchange Offer") and (ii) a shelf registration
statement pursuant to Rule 415 under the Act (the "Shelf Registration Statement"
and, together with the Exchange Offer Registration Statement, the "Registration
Statements") relating to the resale by certain holders of the Initial Notes, and
to use their best efforts to cause such Registration Statements to be declared
effective and to consummate the Exchange Offer. This Agreement, the Notes, the
Guarantees (as defined), the Indenture and the Registration Rights Agreement are
hereinafter referred to collectively as the "Operative Documents." The Initial
Guarantees and the Exchange Guarantees issuable in exchange therefor are
collectively referred to herein as the "Guarantees."

      3.   Purchase, Sale and Delivery. (a) On the basis of the representations,
warranties and covenants contained in this Agreement, and subject to its terms
and conditions, the Company agrees to issue and sell to the Initial Purchasers,
and each Initial Purchaser agrees, severally and not jointly, to purchase from
the Company, the principal amounts of Initial Notes set forth opposite the name
of such Initial Purchaser on Exhibit B. The purchase price for the Initial Notes
will be $965.5745 per $1,000 principal amount Initial Note.

      (b)  Delivery of the Initial Notes shall be made, against payment of the
purchase price therefor, at the New York offices of Latham & Watkins or such
other location as may be mutually acceptable. Such delivery and payment shall be
made at 9:00 a.m., New York City time, on June 19, 2002 or at such other time as
shall be agreed upon by the Initial Purchasers and the Company. The time and
date of such delivery and payment are herein called the "Closing Date."

      (c)  On the Closing Date, one or more Initial Notes in definitive global
form, registered in the name of Cede & Co., as nominee of The Depository Trust
Company ("DTC"), having an aggregate amount corresponding to the aggregate
principal amount of the Initial Notes (the "Global Note") sold pursuant to
Exempt Resales to Eligible Purchasers shall be delivered by the Company to the
Initial Purchasers (or as the Initial Purchasers direct), against payment by the
Initial Purchasers of the purchase price therefor, by wire transfer of same day
funds, to an account designated by the Company; provided, that the Company shall
give at least two business days' prior written notice to the Initial Purchasers
of the information required to effect such wire transfer. The Global Note shall
be made available to the Initial Purchasers for inspection not later than 9:30
a.m. on the business day immediately preceding the Closing Date.

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      4.   Agreements of the Company and the Guarantors. Each of the Company and
the Guarantors covenants and agrees with the Initial Purchasers as follows:

           (a)  To advise the Initial Purchasers promptly and, if requested by
      the Initial Purchasers, confirm such advice in writing, of the issuance by
      any state securities commission of any stop order suspending the
      qualification or exemption from qualification of any Notes or the related
      Guarantees for offering or sale in any jurisdiction, or the initiation of
      any proceeding for such purpose by any state securities commission or
      other regulatory authority. The Company and the Guarantors shall use their
      best efforts to prevent the issuance of any stop order or order suspending
      the qualification or exemption of any Notes or the related Guarantees
      under any state securities or Blue Sky laws and, if at any time any state
      securities commission or other regulatory authority shall issue an order
      suspending the qualification or exemption of any Notes or the related
      Guarantees under any state securities or Blue Sky laws, the Company and
      the Guarantors shall use their best efforts to obtain the withdrawal or
      lifting of such order at the earliest possible time.

           (b)  The Company and the Guarantors will furnish to the Initial
      Purchasers, without charge, as of the date of the Offering Memorandum,
      such number of copies of the Offering Memorandum as may then be amended or
      supplemented as they may reasonably request.

           (c)  The Company and the Guarantors will not make any amendment or
      supplement to the Preliminary Offering Memorandum or to the Offering
      Memorandum of which the Initial Purchasers shall not previously have been
      advised or to which they shall reasonably object after being so advised.

           (d)  Prior to the execution and delivery of this Agreement, the
      Company and the Guarantors shall have delivered or will deliver to the
      Initial Purchasers, without charge, in such quantities as the Initial
      Purchasers shall have requested or may hereafter reasonably request,
      copies of the Preliminary Offering Memorandum. The Company and each of the
      Guarantors consent to the use, in accordance with the securities or Blue
      Sky laws of the jurisdictions in which the Initial Notes are offered by
      the Initial Purchasers and by dealers, prior to the date of the Offering
      Memorandum, of each Preliminary Offering Memorandum so furnished by the
      Company and the Guarantors. The Company and each of the Guarantors consent
      to the use of the Offering Memorandum in accordance with the securities or
      Blue Sky laws of the jurisdictions in which the Initial Notes are offered
      by the Initial Purchasers and by all dealers to whom Initial Notes may be
      sold, in connection with the offering and sale of the Initial Notes.

           (e)  If, at any time prior to completion of the distribution of the
      Initial Notes by the Initial Purchasers to Eligible Purchasers, any event
      shall occur that in the judgment of the Company or any of the Guarantors
      or in the opinion of counsel for the Initial Purchasers should be set
      forth in the Offering Memorandum in order to make the statements therein,
      in the light of the circumstances under which they were made, not
      misleading, or if it is necessary to supplement or amend the Offering
      Memorandum in order to comply with any law, the Company and the Guarantors
      will forthwith prepare an

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      appropriate supplement or amendment thereto or such document, and will
      expeditiously furnish to the Initial Purchasers and dealers a reasonable
      number of copies thereof.

           (f)  The Company and each of the Guarantors will cooperate with the
      Initial Purchasers and with their counsel in connection with the
      qualification of the Initial Notes for offering and sale by the Initial
      Purchasers and by dealers under the securities or Blue Sky laws of such
      jurisdictions as the Initial Purchasers may designate and will file such
      consents to service of process or other documents necessary or appropriate
      in order to effect such qualification; provided, that in no event shall
      the Company or any of the Guarantors be obligated to qualify to do
      business in any jurisdiction where it is not now so qualified or to take
      any action which would subject it to service of process in suits, other
      than those arising out of the offering or sale of the Initial Notes, in
      any jurisdiction where it is not now so subject.

           (g)  So long as any of the Notes are outstanding, the Company and the
      Guarantors will furnish to the Initial Purchasers (i) as soon as
      available, a copy of each report of the Company mailed to stockholders
      generally or filed with any stock exchange, the Commission or any state
      securities commission and (ii) from time to time such other information
      concerning the Company and/or the Guarantors as the Initial Purchasers may
      reasonably request.

           (h)  If this Agreement shall terminate or shall be terminated after
      execution and delivery pursuant to any provisions hereof (otherwise than
      by notice given by the Initial Purchasers terminating this Agreement
      pursuant to Section 12 hereof) or if this Agreement shall be terminated by
      the Initial Purchasers because of any failure or refusal on the part of
      the Company or any of the Guarantors to comply with the terms or fulfill
      any of the conditions of this Agreement, the Company and the Guarantors
      agree to reimburse the Initial Purchasers for all out-of-pocket expenses
      (including reasonable fees and expenses of its counsel) reasonably
      incurred by it in connection herewith, but without any further obligation
      on the part of the Company or any of the Guarantors for loss of profits or
      otherwise.

           (i)  The Company and the Guarantors will apply the net proceeds from
      the sale of the Initial Notes to be sold by it hereunder substantially in
      accordance with the description set forth in the Offering Memorandum under
      the caption "Use of Proceeds."

           (j)  Except as stated in this Agreement and in the Preliminary
      Offering Memorandum and Offering Memorandum, the Company and the
      Guarantors have not taken, nor will any of them take, directly or
      indirectly, any action designed to or that might reasonably be expected to
      cause or result in stabilization or manipulation of the price of the Notes
      to facilitate the sale or resale of the Notes. Except as permitted by the
      Act, the Company and the Guarantors will not distribute any offering
      material in connection with the Exempt Resales.

           (k)  The Company and the Guarantors will use their best efforts to
      permit the Notes to be designated Private Offerings, Resales and Trading
      through Automated Linkages ("PORTAL") Market securities in accordance with
      the rules and regulations

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      adopted by the National Association of Securities Dealers, Inc. relating
      to trading in the PORTAL Market and to permit the Notes to be eligible for
      clearance and settlement through DTC.

           (l)  From and after the Closing Date, so long as any of the Notes are
      outstanding and are "restricted securities" within the meaning of the Rule
      144(a)(3) under the Act or, if earlier, until two years after the Closing
      Date, and during any period in which the Company is not subject to Section
      13 or 15(d) of the Securities Exchange Act of 1934, as amended (the
      "Exchange Act"), the Company and the Guarantors will furnish to holders of
      the Notes and prospective purchasers of Notes designated by such holders,
      upon request of such holders or such prospective purchasers, the
      information required to be delivered pursuant to Rule 144A(d)(4) under the
      Act to permit compliance with Rule 144A in connection with resale of the
      Notes.

           (m)  None of the Company or any of its affiliates or any other person
      acting on its or their behalf (other than the Initial Purchasers, as to
      which no covenant is given) will (i) solicit offers for, or offer or sell,
      the Initial Notes by means of any form of general solicitation or general
      advertising within the meaning of Rule 502(c) of Regulation D ("Regulation
      D") under the Act or in any manner involving a public offering within the
      meaning of Section 4(2) of the Act or (ii) engage in any directed selling
      efforts within the meaning of Regulation S ("Regulation S") under the Act,
      and all such persons will comply with the offering restrictions
      requirements of Regulation S.

           (n)  The Company and the Guarantors (other than AmeriCredit Financial
      Services of Canada Ltd., AmeriCredit Service Center Ltd., AmeriCredit NS I
      Co., and AmeriCredit NS II Co. (collectively, the "Canadian Guarantors")
      to which such law does not apply) have complied and will comply with all
      provisions of Florida Statutes Section 517.075 relating to issuers doing
      business with Cuba.

           (o)  The Company and the Guarantors agree not to sell, offer for sale
      or solicit offers to buy or otherwise negotiate in respect of any security
      (as defined in the Act) that would be integrated with the sale of the
      Initial Notes in a manner that would require the registration under the
      Act of the sale to the Initial Purchasers or the Eligible Purchasers of
      the Initial Notes.

           (p)  The Company and the Guarantors agree to comply with all the
      terms and conditions of the Registration Rights Agreement and all
      agreements set forth in the representation letters of the Company and the
      Guarantors to DTC relating to the approval of the Notes by DTC for "book
      entry" transfer.

           (q)  The Company and the Guarantors agree to cause the Exchange
      Offer, if available, to be made in the appropriate form, as contemplated
      by the Registration Rights Agreement, to permit registration of the
      Exchange Notes to be offered in exchange for the Initial Notes, and to
      comply with all applicable federal and state securities laws in connection
      with the Exchange Offer.

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            (r)     The Company and the Guarantors agree that prior to any
      registration of the Notes pursuant to the Registration Rights Agreement,
      or at such earlier time as may be required, the Indenture shall be
      qualified under the Trust Indenture Act of 1939, as amended (the "1939
      Act") and any necessary supplemental indentures will be entered into in
      connection therewith.

            (s)     The Company and the Guarantors will not voluntarily claim,
      and will resist actively all attempts to claim, the benefit of any usury
      laws against holders of the Notes.

            (t)     The Company and the Guarantors will do and perform all
      things required or necessary to be done and performed under this Agreement
      by them prior to the Closing Date, and to satisfy all conditions precedent
      to the Initial Purchasers' obligations hereunder to purchase the Initial
      Notes.

      5.    Representations and Warranties. (a) The Company and the Guarantors,
jointly and severally, represent and warrant to the Initial Purchasers that:

            (i)     The Preliminary Offering Memorandum and Offering Memorandum
      with respect to the Initial Notes have been prepared by the Company and
      the Guarantors for use by the Initial Purchasers in connection with the
      Exempt Resales. No order or decree preventing the use of the Preliminary
      Offering Memorandum or the Offering Memorandum, or any order asserting
      that the transactions contemplated by this Agreement are subject to the
      registration requirements of the Act has been issued and no proceeding for
      that purpose has commenced or is pending or, to the knowledge of the
      Company or any of the Guarantors, is contemplated.

            (ii)    The Preliminary Offering Memorandum and the Offering
      Memorandum as of their respective dates and the Offering Memorandum as of
      the Closing Date, did not or will not at any time contain an untrue
      statement of a material fact or omit to state a material fact required to
      be stated therein or necessary to make the statements therein not
      misleading, except that this representation and warranty does not apply to
      statements in or omissions from the Preliminary Offering Memorandum and
      Offering Memorandum made in reliance upon and in conformity with
      information relating to the Initial Purchasers furnished to the Company in
      writing by or on behalf of the Initial Purchasers expressly for use
      therein.

            (iii)   The market-related and customer-related data and estimates
      included under the caption "Business--Industry Overview" and
      "--Competition" in the Preliminary Offering Memorandum and the Offering
      Memorandum are based on or derived from sources which the Company believes
      to be reliable and accurate.

            (iv)    The Indenture has been duly and validly authorized by the
      Company and the Guarantors, and upon its execution and delivery and,
      assuming due authorization, execution and delivery by the Trustee, will
      constitute the valid and binding agreement of the Company and the
      Guarantors, enforceable against the Company and the Guarantors in
      accordance with its terms, subject to the qualification that the
      enforceability of the

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      Company's and the Guarantors' obligations thereunder may be limited by
      bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium,
      and other laws relating to or affecting creditors' rights generally and by
      general equitable principles; no qualification of the Indenture under the
      1939 Act is required in connection with the offer and sale of the Initial
      Notes contemplated hereby or in connection with the Exempt Resales and on
      the Closing Date, the Indenture will conform in all material respects to
      the requirements of the 1939 Act, and the rules and regulations of the
      Commission applicable to an indenture that is qualified thereunder.

            (v)    The Initial Notes have been duly and validly authorized by
      the Company and when duly executed by the Company in accordance with the
      terms of the Indenture and, assuming due authentication of the Initial
      Notes by the Trustee, upon delivery to the Initial Purchasers against
      payment therefor in accordance with the terms hereof, will have been
      validly issued and delivered, and will constitute valid and binding
      obligations of the Company entitled to the benefits of the Indenture,
      enforceable against the Company in accordance with their terms, subject to
      the qualification that the enforceability of the Company's obligations
      thereunder may be limited by bankruptcy, fraudulent conveyance,
      insolvency, reorganization, moratorium, and other laws relating to or
      affecting creditors' rights generally and by general equitable principles.

            (vi)   The Exchange Notes have been duly and validly authorized by
      the Company and if and when duly issued and authenticated in accordance
      with the terms of the Indenture and delivered in accordance with the
      Exchange Offer provided for in the Registration Rights Agreement, will
      constitute valid and binding obligations of the Company entitled to the
      benefits of the Indenture, enforceable against the Company in accordance
      with their terms, subject to the qualification that the enforceability of
      the Company's obligations thereunder may be limited by bankruptcy,
      fraudulent conveyance, insolvency, reorganization, moratorium, and other
      laws relating to or affecting creditors' rights generally and by general
      equitable principles.

            (vii)  The Initial Guarantees have been duly and validly authorized
      by the Guarantors and when duly executed and delivered by the Guarantors
      in accordance with the terms of the Indenture and upon the due execution,
      authentication and delivery of the Initial Notes in accordance with the
      Indenture and the issuance of the Initial Notes in the sale to the Initial
      Purchasers contemplated by this Agreement, will constitute valid and
      binding obligations of the Guarantors, enforceable against the Guarantors
      in accordance with their terms, subject to the qualification that the
      enforceability of the Guarantors' obligations thereunder may be limited by
      bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium,
      and other laws relating to or affecting creditors' rights generally and by
      general equitable principles.

            (viii) The Exchange Guarantees have been duly and validly authorized
      by the Guarantors and if and when duly executed and delivered by the
      Guarantors in accordance with the terms of the Indenture and upon the due
      execution and authentication of the Exchange Notes in accordance with the
      Indenture and the issuance and delivery of the Exchange Notes in the
      Exchange Offer contemplated by the Registration Rights Agreement, will
      constitute valid and binding obligations of the Guarantors, enforceable

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      against the Guarantors in accordance with their terms, subject to the
      qualification that the enforceability of the Guarantors' obligations
      thereunder may be limited by bankruptcy, fraudulent conveyance,
      insolvency, reorganization, moratorium, and other laws relating to or
      affecting creditors' rights generally and by general equitable principles.

           (ix)    (A) The Canadian Credit Agreement (as defined in the
      Indenture), the agreements (the "Warehouse Facility Agreements") governing
      each Warehouse Facility (as defined in the Indenture) and the agreements
      (the "Residual Funding Agreements") governing each Residual Funding
      Facility (as defined in the Indenture) constitute the valid and binding
      obligation of each of the borrowers thereto, enforceable against the
      borrowers in accordance with their respective terms, subject to the
      qualification that the enforceability of the borrowers' obligations
      thereunder may be limited by bankruptcy, fraudulent conveyance,
      insolvency, reorganization, moratorium, and other laws relating to or
      affecting creditors' rights generally and by general equitable principles;
      (B) all representations and warranties made by the borrowers in the
      Canadian Credit Agreement, the Warehouse Facility Agreements and the
      Residual Funding Agreements are true and correct in all material respects
      as of the date hereof (except to the extent that such representations and
      warranties specifically relate to an earlier date, then such
      representations and warranties shall be true and correct in all material
      respects as of such earlier date).

           (x)     The Company and the Guarantors have obtained, in writing, all
      consents, waivers and amendments required under the terms of each of the
      Warehouse Facility Agreements, the Canadian Credit Agreement, the Residual
      Funding Agreements and existing Credit Enhancement Agreements (as defined
      in the Indenture) necessary to ensure that the execution and delivery of,
      and the performance of all of the transactions contemplated by, the
      Operative Documents will not conflict with or constitute a breach of, or a
      default under, the Warehouse Facility Agreements, the Canadian Credit
      Agreement, the Residual Funding Agreements or any Credit Enhancement
      Agreement.

           (xi)    All the shares of capital stock of the Company outstanding
      prior to the issuance of the Initial Notes have been duly authorized and
      validly issued and are fully paid and nonassessable; the authorized
      capital stock of the Company conforms to the description thereof under the
      caption "Capitalization" in the Offering Memorandum.

           (xii)   The Company has no subsidiaries other than the entities
      listed on Exhibit C (collectively, the "Subsidiaries").

           (xiii)  The Company is a corporation duly incorporated and validly
      existing and in good standing under the laws of Texas with full corporate
      power and authority to own, lease and operate its properties and to
      conduct its business as described in the Offering Memorandum, and is duly
      registered and qualified to conduct its business and is in good standing
      in each jurisdiction or place where the nature of its properties or the
      conduct of its business requires such registration or qualification,
      except where the failure so to register or qualify or to be in good
      standing does not have a material adverse effect on the condition
      (financial or other), business, prospects, properties, net worth or
      results

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      of operations of the Company and the Subsidiaries taken as a whole (a
      "Material Adverse Effect").

           (xiv)   Neither the Company nor any of the Subsidiaries owns capital
      stock of any corporation or entity (excluding interests in Securitization
      Trusts (as defined in the Indenture), Warehouse Trusts (as defined in the
      Indenture) and DealerTrack Holdings Inc.) other than the Subsidiaries.
      Each of the Subsidiaries is a corporation, trust or limited liability
      company duly incorporated or formed and validly existing and in good
      standing under the laws of the jurisdiction of its incorporation or
      formation, with all requisite power and authority to own, lease and
      operate its properties and to conduct its business as described in the
      Offering Memorandum, and is duly registered and qualified to conduct its
      business and is in good standing in each jurisdiction or place where the
      nature of its properties or the conduct of its business requires such
      registration or qualification, except where the failure so to register or
      qualify or be in good standing does not have a Material Adverse Effect.
      All the outstanding shares of capital stock or beneficial interests of
      each of the Subsidiaries that is a corporate entity and all of the
      membership interests in each of the Subsidiaries that is a limited
      liability company have been duly authorized and validly issued, are fully
      paid and nonassessable, and are wholly owned by the Company directly, or
      indirectly through one of the other Subsidiaries, free and clear of any
      lien, adverse claim, security interest, equity or other encumbrance,
      except as specifically described in the Offering Memorandum under the
      caption "Description Of Other Debt."

           (xv)    There are no legal or governmental proceedings pending or, to
      the knowledge of the Company or any of the Guarantors, threatened, against
      the Company or any of the Subsidiaries or to which the Company or any of
      the Subsidiaries or to which any of their respective properties, is
      subject, that are not disclosed in the Offering Memorandum and which, if
      adversely decided, are reasonably likely to cause a Material Adverse
      Effect or to materially affect the issuance of the Notes or the
      consummation of the other transactions contemplated by the Operative
      Documents. The Offering Memorandum contains accurate summaries of all
      material agreements, contracts, indentures, leases or other instruments
      required to be described or summarized therein. Neither the Company nor
      any of the Subsidiaries is involved in any strike, job action or labor
      dispute with any group of employees, and, to the Company's knowledge, no
      such action or dispute is threatened.

           (xvi)   Neither the Company nor any of the Subsidiaries is (i) in
      violation of its certificate or articles of incorporation or by-laws or
      other organizational documents, (ii) in violation of any law, ordinance,
      administrative or governmental rule or regulation applicable to the
      Company or any of the Subsidiaries or of any decree of any court or
      governmental agency or body having jurisdiction over the Company or any of
      the Subsidiaries except for any such violation or violations under this
      clause (ii) which, singly or in the aggregate would not have a Material
      Adverse Effect or (iii) in default in the performance of any obligation,
      agreement or condition contained in any bond, debenture, note or any other
      evidence of indebtedness or in any material agreement, indenture, lease or
      other instrument to which the Company or any of the Subsidiaries is a

                                       10

<PAGE>

      party or by which any of them or any of their respective properties may be
      bound, except as may be disclosed in the Offering Memorandum.

           (xvii)  None of the issuance, offer or sale of the Initial Notes, the
      execution, delivery or performance by the Company and the Guarantors of
      this Agreement or the other Operative Documents, compliance by the Company
      and the Guarantors with the provisions hereof or thereof nor consummation
      by the Company and the Guarantors of the transactions contemplated hereby
      or thereby (i) requires any consent, approval, authorization or other
      order of, or registration or filing with, any court, regulatory body,
      administrative agency or other governmental body, agency or official
      (except such as may be required in connection with the registration under
      the Act of the Exchange Notes in accordance with the Registration Rights
      Agreement, qualification of the Indenture under the 1939 Act and
      compliance with the securities or Blue Sky laws of various jurisdictions),
      or conflicts or will conflict with or constitutes or will constitute a
      breach of, or a default under, the certificate or articles of
      incorporation or formation or bylaws, or other organizational documents,
      of the Company or any of the Subsidiaries or (ii) conflicts or will
      conflict with or constitutes or will constitute a breach of, or a default
      under any material agreement, indenture, lease or other instrument to
      which the Company or any of the Subsidiaries is a party or by which any of
      them or any of their respective properties may be bound, or violates or
      will violate any statute, law, regulation or filing or judgment,
      injunction, order or decree applicable to the Company or any of the
      Subsidiaries or any of their respective properties, or will result in the
      creation or imposition of any lien, charge or encumbrance upon any
      property or assets of the Company or any of the Subsidiaries pursuant to
      the terms of any agreement or instrument to which any of them is a party
      or by which any of them may be bound or to which any of the property or
      assets of any of them is subject.

           (xviii) The accountants, PricewaterhouseCoopers LLP, who have
      certified the financial statements included as part of the Offering
      Memorandum, are independent public accountants under Rule 101 of the
      AICPA's Code of Professional Conduct, and its interpretations and rulings.

           (xix)   The financial statements, together with related notes forming
      part of the Offering Memorandum, present fairly in all material respects
      the consolidated financial position, results of operations, shareholders'
      equity and cash flows of the Company and the Subsidiaries on the basis
      stated in the Offering Memorandum at the respective dates or for the
      respective periods to which they apply; such statements and related notes
      have been prepared in accordance with generally accepted accounting
      principles consistently applied throughout the periods involved, except as
      disclosed therein, and meet the requirements of Regulation S-X under the
      Act for registration statements on Form S-1; and the other financial and
      statistical information and data set forth in the Offering Memorandum is
      accurately presented and, to the extent such information and data is
      derived from the financial books and records of the Company, is prepared
      on a basis consistent with such financial statements and the books and
      records of the Company.

                                       11

<PAGE>

           (xx)    The Company and the Guarantors have all requisite power and
      authority to execute, deliver and perform their obligations under this
      Agreement and the Registration Rights Agreement; the execution and
      delivery of, and the performance by the Company and the Guarantors of
      their obligations under this Agreement and the Registration Rights
      Agreement have been duly and validly authorized by the Company and the
      Guarantors; this Agreement has been duly executed and delivered by the
      Company and the Guarantors and constitutes the valid and binding
      agreements of the Company and the Guarantors, enforceable against the
      Company and the Guarantors in accordance with their terms, except as the
      enforcement hereof and thereof may be limited by bankruptcy, insolvency or
      other similar laws affecting the enforcement of creditors' rights
      generally and subject to the applicability of general principles of
      equity, and except as rights to indemnity and contribution hereunder and
      thereunder may be limited by Federal, Canadian or state securities laws or
      principles of public policy; and the Registration Rights Agreement, when
      duly executed and delivered by the Company and the Guarantors, will
      constitute the valid and binding agreements of the Company and the
      Guarantors, enforceable against the Company and the Guarantors in
      accordance with their terms, except as the enforcement hereof and thereof
      may be limited by bankruptcy, insolvency or other similar laws affecting
      the enforcement of creditors' rights generally and subject to the
      applicability of general principles of equity, and except as rights to
      indemnity and contribution hereunder and thereunder may be limited by
      Federal, Canadian or state securities laws or principles of public policy.

           (xxi)   Except as disclosed in, or specifically contemplated by, the
      Offering Memorandum, subsequent to the date as of which such information
      is given in the Offering Memorandum, and except for liabilities incurred
      in connection with transactions related to AmeriCredit Automobile
      Receivables Trust 2002-B, neither the Company nor any of the Subsidiaries
      has incurred any liability or obligation (including, without limitation,
      any liability or obligation in connection with the securitization of
      Receivables or Credit Enhancement Agreements (as such terms are defined in
      the Indenture)), direct or contingent, or entered into any transaction, in
      each case not in the ordinary course of business, that is material to the
      Company and the Subsidiaries taken as a whole, and there has not been any
      material change in the capital stock, or material increase in the
      short-term or long-term debt, of the Company or any of the Subsidiaries or
      any material adverse change, or any development involving or which would
      reasonably be expected to involve a prospective material adverse change,
      in the condition (financial or other), business, properties, net worth or
      results of operations of the Company and the Subsidiaries taken as a
      whole.

           (xxii)  Each of the Company and the Subsidiaries has good and
      indefeasible title to all property (real and personal) described in the
      Offering Memorandum as being owned by it, free and clear of all liens,
      claims, security interests or other encumbrances except such as are
      described in the Offering Memorandum and all the material property
      described in the Offering Memorandum as being held under lease by each of
      the Company and the Subsidiaries is held by it under valid, subsisting and
      enforceable leases, with only such exceptions as in the aggregate are not
      materially burdensome and do not interfere with the conduct of the
      business of the Company and the Subsidiaries taken as a whole.

                                       12

<PAGE>

           (xxiii)  Except as permitted by the Act, the Company and the
      Guarantors have not distributed and, prior to the later to occur of the
      Closing Date and completion of the distribution of the Initial Notes, will
      not distribute any offering material in connection with the offering and
      sale of the Initial Notes other than the Preliminary Offering Memorandum
      and Offering Memorandum.

           (xxiv)   Each of the Company and the Subsidiaries has such permits,
      licenses, franchises, certificates of need and other approvals or
      authorizations of governmental or regulatory authorities ("Permits") as
      are necessary under applicable law to own their respective properties and
      to conduct their respective businesses in the manner described in the
      Offering Memorandum, except to the extent that the failure to have such
      Permits would not have a Material Adverse Effect; the Company and each of
      the Subsidiaries have fulfilled and performed in all material respects,
      all their respective material obligations with respect to the Permits, and
      no event has occurred which allows, or after notice or lapse of time would
      allow, revocation or termination thereof or results in any other material
      impairment of the rights of the holder of any such Permit, subject in each
      case to such qualification as may be set forth in the Offering Memorandum
      and except to the extent that any such revocation or termination would not
      have a Material Adverse Effect; and, except as described in the Offering
      Memorandum, none of the Permits contains any restriction that is
      materially burdensome to the Company or any of the Subsidiaries.

           (xxv)    The Company maintains a system of internal accounting
      controls sufficient to provide reasonable assurances that (i) transactions
      are executed in accordance with management's general or specific
      authorization; (ii) transactions are recorded as necessary to permit
      preparation of financial statements in conformity with generally accepted
      accounting principles and to maintain accountability for assets; (iii)
      access to assets is permitted only in accordance with management's general
      or specific authorization; and (iv) the recorded accountability for assets
      is compared with existing assets at reasonable intervals and appropriate
      action is taken with respect to any differences.

           (xxvi)   Neither the Company nor any of the Subsidiaries nor, to the
      Company's knowledge, any employee or agent of the Company or any of the
      Subsidiaries has made any payment of funds of the Company or any of the
      Subsidiaries or received or retained any funds in violation of any law,
      rule or regulation, which violation would have a Material Adverse Effect.

           (xxvii)  Except as disclosed in the Offering Memorandum, the Company
      and each of the Subsidiaries have filed all tax returns required to be
      filed, which returns are true and correct in all material respects, and
      neither the Company nor any of the Subsidiaries is in default in the
      payment of any taxes which were payable pursuant to said returns or any
      assessments with respect thereto, except where the failure to file such
      returns and make such payments would not have a Material Adverse Effect.

           (xxviii) No holder of any security of the Company or any of the
      Subsidiaries has any right to request or demand registration of shares of
      common stock or any other

                                       13

<PAGE>

     security of the Company because of the consummation of the transactions
     contemplated by this Agreement or the Registration Rights Agreement. Except
     as described in or contemplated by the Offering Memorandum, there are no
     outstanding options, warrants or other rights calling for the issuance of,
     and there are no commitments, plans or arrangements to issue, any shares of
     capital stock of any of the Subsidiaries or any security convertible into
     or exchangeable or exercisable for capital stock of any of the
     Subsidiaries.

          (xxix)   The Company and each of the Subsidiaries owns or possesses
     all patents, trademarks, trademark registration, service marks, service
     mark registrations, trade names, copyrights, licenses, inventions, trade
     secrets and rights described in the Offering Memorandum as being owned by
     any of them or necessary for the conduct of its respective businesses, and
     the Company is not aware of any claim to the contrary or any challenge by
     any other person to the rights of the Company and the Subsidiaries with
     respect to the foregoing.

          (xxx)    The Company and the Guarantors are not and, upon sale of the
     Initial Notes to be issued and sold thereby in accordance herewith and the
     application of the net proceeds to the Company of such sale as described in
     the Offering Memorandum under the caption "Use of Proceeds," will not be an
     "investment company" within the meaning of the Investment Company Act of
     1940, as amended.

          (xxxi)   When the Initial Notes are issued and delivered pursuant to
     this Agreement, such Initial Notes will not be of the same class (within
     the meaning of Rule 144A(d)(3) under the Act) as any security of the
     Company that is listed on a national securities exchange registered under
     Section 6 of the Exchange Act or that is quoted in a United States
     automated interdealer quotation system.

          (xxxii)  Neither the Company nor any affiliate (as defined in Rule
     501(b) of Regulation D under the Act) of the Company has directly, or
     through any agent (provided that no representation is made as to the
     Initial Purchasers or any person acting on their behalf), (i) sold, offered
     for sale, solicited offers to buy or otherwise negotiated in respect of,
     any security (as defined in the Act) which is or will be integrated with
     the offering and sale of the Notes in a manner that would require the
     registration of the Initial Notes under the Act or (ii) engaged in any form
     of general solicitation or general advertising (within the meaning of
     Regulation D; including, but not limited to, advertisements, articles,
     notices or other communications published in any newspaper, magazine, or
     similar medium or broadcast over television or radio, or any seminar or
     meeting whose attendees have been invited by any general solicitation or
     general advertising) in connection with the offering of the Initial Notes.

          (xxxiii) None of the Company or any of its affiliates, as such term is
     defined in Rule 501(b) under the Act, or any other person acting on its or
     their behalf (other than the Initial Purchasers, as to which no
     representation is made) has (i) solicited offers for, or offered or sold,
     the Initial Notes by means of any form of general solicitation or general
     advertising within the meaning of Rule 502(c) of Regulation D or (ii)
     engaged in any directed selling efforts within the meaning of Rule 902(b)
     of Regulation S under the

                                       14

<PAGE>

     Securities Act, and all such persons have complied with the offering
     restrictions requirements of Rule 902(g)(2)(iii) of Regulation S.

          (xxxiv)  Other than as set forth in Section 4(l), the Company and the
     Guarantors are not required to deliver the information specified in Rule
     144A(d)(4) in connection with the offering and resale of the Initial Notes
     by the Initial Purchasers.

          (xxxv)   Assuming (i) that the representations and warranties in
     Section 5(b) hereof are true, (ii) the Initial Purchasers comply with the
     covenants set forth in Section 5(b) hereof and (iii) that each person to
     whom the Initial Purchasers offer, sell or deliver the Initial Notes is an
     Eligible Purchaser, the purchase and sale of the Initial Notes pursuant
     hereto (including the Initial Purchasers' proposed offering of the Initial
     Notes on the terms and in the manner set forth in the Offering Memorandum
     and Section 5(b) hereof) is exempt from the registration requirements of
     the Act.

          (xxxvi)  The execution and delivery of this Agreement and the other
     Operative Documents and the sale of the Initial Notes to the Initial
     Purchasers or by the Initial Purchasers to Eligible Purchasers will not
     involve any prohibited transaction within the meaning of Section 406 of
     ERISA or Section 4975 of the Code. The representation made by the Company
     and the Guarantors in the preceding sentence is made in reliance upon and
     subject to the accuracy of, and compliance with, the representations and
     covenants made or deemed made by the Eligible Purchasers as set forth in
     the Offering Memorandum under the section entitled "Notice to Investors."

          (xxxvii) The Company and the Subsidiaries have regular and ongoing
     regulatory compliance programs and procedures that are adequate to ensure
     that all requirements of applicable federal, state and local laws, and
     regulations thereunder (including, without limitation, usury laws, the
     Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair
     Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt Collection
     Practices Act and the Federal Trade Commission Act) with respect to
     Receivables owned and/or serviced by the Company or its Subsidiaries have
     been complied with in all material respects and to the Company's knowledge,
     all such Receivables now comply with all such applicable legal
     requirements.

     Each of the Company and the Guarantors acknowledge that the Initial
Purchasers and, for purposes of the opinions to be delivered to the Initial
Purchasers pursuant to Section 8 hereof, counsel for the Company and the
Guarantors and counsel for the Initial Purchasers, will rely upon the accuracy
and truth of the foregoing representations and each of the Company and the
Guarantors hereby consent to such reliance.

     (b)  Each of the Initial Purchasers, severally and not jointly, represents,
warrants and covenants to the Company and Guarantors and agrees that:

          (i)      Such Initial Purchaser is a QIB, with such knowledge and
     experience in financial and business matters as are necessary in order to
     evaluate the merits and risks of an investment in the Initial Notes.

                                       15

<PAGE>

          (ii)    Such Initial Purchaser (A) is not acquiring the Initial Notes
     with a view to any distribution thereof that would violate the Act or the
     securities laws of any state of the United States or any other applicable
     jurisdiction and (B) will be reoffering and reselling the Initial Notes
     only to Eligible Purchasers in reliance on the exemption from the
     registration requirements of the Act provided by Rule 144A and in offshore
     transactions in reliance upon Regulation S under the Act.

          (iii)   No form of general solicitation or general advertising (within
     the meaning of Regulation D under the Act) has been or will be used by such
     Initial Purchaser or any of its representatives in connection with the
     offer and sale of any of the Initial Notes, including, but not limited to,
     advertisements, articles, notices or other communications published in any
     newspaper, magazine, or similar medium or broadcast over television or
     radio, or any seminar or meeting whose attendees have been invited by any
     general solicitation or general advertising.

          (iv)    Such Initial Purchaser agrees that, in connection with the
     Exempt Resales, it will solicit offers to buy the Initial Notes only from,
     and will offer to sell the Initial Notes only to, Eligible Purchasers in
     accordance with this Agreement and the terms contemplated by the Offering
     Memorandum. Such Initial Purchaser further (A) agrees that it will offer to
     sell the Initial Notes only to, and will solicit offers to buy the Initial
     Notes only from Eligible Purchasers that the Initial Purchaser reasonably
     believes are (1) QIBs or (2) Reg S Investors and (B) acknowledges and
     agrees that, in the case of such QIBs and such Reg S Investors, that such
     Initial Notes will not have been registered under the Act and may be
     resold, pledged or otherwise transferred only (x)(I) to a person whom the
     seller reasonably believes is a QIB purchasing for its own account or for
     the account of a QIB in a transaction meeting the requirements of Rule
     144A, (II) in an offshore transaction (as defined in Rule 902 under the
     Act) meeting the requirements of Rule 904 under the Act, (III) in a
     transaction meeting the requirements of Rule 144 under the Act, or (IV) in
     accordance with another exemption from the registration requirements of the
     Act (and based upon an opinion of counsel if the Company and the Guarantors
     so request), (y) to the Company or any of its subsidiaries, (z) pursuant to
     an effective registration statement under the Act and, in each case, in
     accordance with any applicable securities laws of any state of the United
     States or any other applicable jurisdiction and (C) acknowledges that it
     will, and each subsequent holder is required to, notify any purchaser of
     the security evidenced thereby of the resale restrictions set forth in (B)
     above.

          (v)     Such Initial Purchaser and its affiliates or any person acting
     on its or their behalf have not engaged or will not engage in any directed
     selling efforts within the meaning of Regulation S with respect to the
     Initial Notes or the Initial Guarantees.

          (vi)    The Initial Notes offered and sold by such Initial Purchaser
     pursuant hereto in reliance on Regulation S have been and will be offered
     and sold only in offshore transactions.

                                       16

<PAGE>

          (vii)   The sale of Initial Notes offered and sold by such Initial
     Purchaser pursuant hereto in reliance on Regulation S is not part of a plan
     or scheme to evade the registration provisions of the Act.

     The Initial Purchasers acknowledge that the Company and the Guarantors and,
for purposes of the opinions to be delivered to the Initial Purchasers pursuant
to Section 8 hereof, counsel for the Company and the Guarantors and counsel for
the Initial Purchasers will rely upon the accuracy and truth of the foregoing
representations and each of the Initial Purchasers hereby consents to such
reliance.

     6.   Indemnification. (a) The Company and the Guarantors, jointly and
severally, agree to indemnify and hold harmless (i) the Initial Purchasers, (ii)
the affiliates of the Initial Purchasers that assist the Initial Purchasers in
the distribution of the Notes and each person, if any, who controls any Initial
Purchaser within the meaning of Section 15 of the Act or Section 20(a) of the
Exchange Act and (iii) the respective officers, directors, partners, employees,
representatives and agents of the Initial Purchasers, such affiliates or any
controlling person to the fullest extent lawful, from and against any and all
losses, liabilities, claims, damages and expenses whatsoever (including but not
limited to reasonable attorneys' fees and any and all expenses whatsoever
incurred in investigating, preparing or defending against any investigation or
litigation, commenced or threatened, or any claim whatsoever, and any and all
amounts paid in settlement of any claim or litigation), joint or several, to
which they or any of them may become subject under the Act, the Exchange Act or
otherwise, insofar as such losses, liabilities, claims, damages or expenses (or
actions in respect thereof) arise out of or are based upon any untrue statement
or alleged untrue statement of a material fact contained in the Preliminary
Offering Memorandum or the Offering Memorandum, or in any supplement thereto or
amendment thereof, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided, however, that neither the
Company nor any Guarantor will be liable in any such case to the extent, but
only to the extent, that any such loss, liability, claim, damage or expense
arises out of or is based upon any such untrue statement or alleged untrue
statement or omission or alleged omission made therein or omitted therefrom in
reliance upon and in conformity with information relating to the Initial
Purchasers furnished to the Company and the Guarantors in writing by or on
behalf of the Initial Purchasers expressly for use therein. This indemnity
agreement will be in addition to any liability which the Company and the
Guarantors may otherwise have, including under this Agreement.

     (b)  Each of the Initial Purchasers, severally and not jointly, agrees to
indemnify and hold harmless (i) the Company and the Guarantors, (ii) each
person, if any, who controls the Company or any of the Guarantors within the
meaning of Section 15 of the Act or Section 20(a) of the Exchange Act, and (iii)
the officers, directors, partners, employees, representatives and agents of the
Company and the Guarantors, against any losses, liabilities, claims, damages and
expenses whatsoever (including but not limited to reasonable attorneys' fees and
any and all expenses whatsoever incurred in investigating, preparing or
defending against any investigation or litigation, commenced or threatened, or
any claim whatsoever and any and all amounts paid in settlement of any claim or
litigation), joint or several, to which they or any of them may become subject
under the Act, the Exchange Act or otherwise, insofar as such losses,
liabilities, claims,

                                       17

<PAGE>

damages or expenses (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of a material fact
contained in the Preliminary Offering Memorandum or the Offering Memorandum, or
in any amendment thereof or supplement thereto, or arise out of or are based
upon the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading, in each case to
the extent, but only to the extent, that any such loss, liability, claim, damage
or expense arises out of or is based upon any untrue statement or alleged untrue
statement or omission or alleged omission made therein in reliance upon and in
conformity with information relating to such Initial Purchaser furnished to the
Company and the Guarantors in writing by or on behalf of such Initial Purchaser
expressly for use therein (and not with respect to the information provided by
any other Initial Purchaser); provided, however, that in no case shall the
Initial Purchasers be liable or responsible for any amount in excess of the
discounts and commissions received by the Initial Purchasers, as set forth on
the cover page of the Offering Memorandum. This indemnity will be in addition to
any liability which the Initial Purchasers may otherwise have, including under
this Agreement.

     (c)  Promptly after receipt by an indemnified party under subsection (a) or
(b) above of notice of the commencement of any action, such indemnified party
shall, if a claim in respect thereof is to be made against the indemnifying
party under such subsection, notify each party against whom indemnification is
to be sought in writing of the commencement thereof; provided, that the failure
so to notify an indemnifying party shall not relieve it from any liability which
it may have under this Section 6 except to the extent that it has been
prejudiced in any material respect by such failure or from any liability which
it may otherwise have; provided, further, that the failure to notify the
Indemnifying Person shall not relieve it from any liability that it may have to
an Indemnified Person otherwise than under this Section 6. In case any such
action is brought against any indemnified party, and it notifies an indemnifying
party of the commencement thereof, the indemnifying party will be entitled to
participate therein, and to the extent it may elect by written notice delivered
to the indemnified party promptly after receiving the aforesaid notice from such
indemnified party, to assume the defense thereof with counsel reasonably
satisfactory to such indemnified party. Notwithstanding the foregoing, the
indemnified party or parties shall have the right to employ its or their own
counsel in any such case, but the fees and expenses of such counsel shall be at
the expense of such indemnified party or parties unless (i) the employment of
such counsel shall have been authorized in writing by the indemnifying parties
in connection with the defense of such action, (ii) the indemnifying parties
shall not have employed counsel to take charge of the defense of such action
within a reasonable time after notice of commencement of the action, or (iii)
such indemnified party or parties shall have reasonably concluded that there may
be defenses available to it or them which are different from or additional to
those available to one or all of the indemnifying parties (in which case the
indemnifying party or parties shall not have the right to direct the defense of
such action on behalf of the indemnified party or parties), in any of which
events such fees and expenses of counsel shall be borne by the indemnifying
parties; provided, however, that the indemnifying party under subsection (a) or
(b) above shall only be liable for the legal expenses of one counsel (in
addition to any local counsel) for all indemnified parties in each jurisdiction
in which any claim or action is brought. Anything in this subsection to the
contrary notwithstanding, an indemnifying party shall not be liable for any
settlement of any claim or action effected without its prior written consent,
provided that such consent was not unreasonably withheld.

                                       18

<PAGE>

     7.   Contribution. In order to provide for contribution in circumstances in
which the indemnification provided for in Section 6 is for any reason held to be
unavailable from an indemnifying party or is insufficient to hold harmless a
party indemnified thereunder, the Company and the Guarantors, on the one hand,
and the Initial Purchasers, on the other hand, shall contribute to the aggregate
losses, liabilities, claims, damages and expenses of the nature contemplated by
such indemnification provision (including any investigation, legal and other
expenses incurred in connection with, and any amount paid in settlement of, any
action, suit or proceeding or any claims asserted, but after deducting in the
case of losses, liabilities, claims, damages and expenses suffered by the
Company or any Guarantor, any contribution received by the Company and the
Guarantors from persons, other than the Initial Purchasers, who may also be
liable for contribution, including persons who control the Company or any of the
Guarantors within the meaning of Section 15 of the Act or Section 20(a) of the
Exchange Act) to which the Company, the Guarantors and the Initial Purchasers
may be subject, in such proportion as is appropriate to reflect the relative
benefits received by the Company and the Guarantors, on the one hand, and the
Initial Purchasers, on the other hand, from the offering of the Initial Notes
or, if such allocation is not permitted by applicable law or indemnification is
not available as a result of the indemnifying party not having received notice
as provided in Section 6, in such proportion as is appropriate to reflect not
only the relative benefits referred to above but also the relative fault of the
Company and the Guarantors, on the one hand, and the Initial Purchasers, on the
other hand, in connection with the statements or omissions which resulted in
such losses, liabilities, claims, damages or expenses, as well as any other
relevant equitable considerations. The relative benefits received by the Company
and the Guarantors, on the one hand, and the Initial Purchasers, on the other
hand, shall be deemed to be in the same proportion as (i) the total proceeds
from the offering of Initial Notes (net of discounts but before deducting
expenses) received by the Company and the Guarantors and (ii) the discounts and
commissions received by the Initial Purchaser, respectively, in each case as set
forth in the table on the cover page of the Offering Memorandum. The relative
fault of the Company and the Guarantors, on the one hand, and of the Initial
Purchasers, on the other hand, shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the Company, any Guarantor or the Initial Purchasers and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The Company, the Guarantors and
the Initial Purchasers agree that it would not be just and equitable if
contribution pursuant to this Section 7 were determined by pro rata allocation
(even if the Initial Purchasers were treated as one entity for such purposes) or
by any other method of allocation which does not take into account the equitable
considerations referred to above. Notwithstanding the provisions of this Section
7, (i) in no case shall the Initial Purchasers be required to contribute any
amount in excess of the amount by which the discounts and commissions applicable
to the Initial Notes purchased by the Initial Purchasers pursuant to this
Agreement exceed the amount of any damages which the Initial Purchasers have
otherwise been required to pay by reason of any untrue or alleged untrue
statement or omission or alleged omission and (ii) no person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this Section 7, (A) each affiliate
of an Initial Purchaser that assisted such Initial Purchaser in the distribution
of Initial Notes and (B) each person, if any, who controls any Initial Purchaser
within the meaning of Section 15 of the Act or Section 20(a) of the Exchange Act
and

                                       19

<PAGE>

(C)  the respective officers, directors, partners, employees, representatives
and agents of the Initial Purchasers or such affiliate or any controlling person
shall have the same rights to contribution as the Initial Purchasers, and (A)
each person, if any, who controls the Company or any Guarantor within the
meaning of Section 15 of the Act or Section 20(a) of the Exchange Act and (B)
the respective officers, directors, partners, employees, representatives and
agents of the Company and the Guarantors shall have the same rights to
contribution as the Company and the Guarantors, subject in each case to clauses
(i) and (ii) of this Section 7. Any party entitled to contribution will,
promptly after receipt of notice of commencement of any action, suit or
proceeding against such party in respect of which a claim for contribution may
be made against another party or parties under this Section 7, notify such party
or parties from whom contribution may be sought, but the failure to so notify
such party or parties shall not relieve the party or parties from whom
contribution may be sought from any obligation it or they may have under this
Section 7 or otherwise. No party shall be liable for contribution with respect
to any action or claim settled without its prior written consent, provided that
such written consent was not unreasonably withheld. The Initial Purchasers'
obligations to contribute pursuant to this Section 7 are several in proportion
to the respective principal amount of Initial Notes purchased by each of the
Initial Purchasers hereunder and not jointly.

     8.   Conditions of Initial Purchasers' Obligations. The obligations of the
Initial Purchasers to purchase and pay for the Initial Notes, as provided
herein, shall be subject to the satisfaction of the following conditions:

          (a)  At the time of execution of this Agreement and on the Closing
     Date, no order or decree preventing the use of the Offering Memorandum, or
     any order asserting that the transactions contemplated by this Agreement
     are subject to the registration requirements of the Act shall have been
     issued and no proceedings for that purpose shall have been commenced or
     shall be pending or, to the knowledge of the Company or any of the
     Guarantors, be contemplated. No stop order suspending the sale of the
     Initial Notes in any jurisdiction designated by the Initial Purchasers
     shall have been issued and no proceedings for that purpose shall have been
     commenced or shall be pending or, to the knowledge of the Company or any of
     the Guarantors, shall be contemplated.

          (b)  Subsequent to the date as of which information is given in the
     Offering Memorandum, except as otherwise stated in the Offering Memorandum
     (exclusive of any amendment or supplement thereto on or after the date of
     this Agreement), there shall not have occurred (i) any change, or any
     development involving a prospective change, in or affecting the condition
     (financial or other), business, properties, net worth, or results of
     operations of the Company or the Subsidiaries not contemplated by the
     Offering Memorandum (exclusive of any amendment or supplement thereto on or
     after the date of this Agreement), which in the opinion of the Initial
     Purchasers, would materially adversely affect the market for the Initial
     Notes, or (ii) any event or development relating to or involving the
     Company, any of its Subsidiaries or any officer or director of the Company
     or any of its Subsidiaries which makes any statement made in the Offering
     Memorandum untrue or which, in the opinion of the Company, the Guarantors
     and their counsel or the Initial Purchasers and their counsel, requires the
     making of any addition to or change in the Offering Memorandum in order to
     state a material fact required by any law to be stated therein or necessary
     in order to make the statements therein not

                                       20

<PAGE>

         misleading, if amending or supplementing the Offering Memorandum to
         reflect such event or development would, in the opinion of the Initial
         Purchasers, materially adversely affect the market for the Initial
         Notes.

            (c) The Offering Memorandum shall have been printed and copies
         thereof distributed to the Initial Purchasers, in such quantities as
         shall have been previously specified by them, not later than 5:00 p.m.,
         New York City time, on June 14, 2002, or at such later date and time as
         the Initial Purchasers may approve in writing.

            (d) The Initial Purchasers shall have received on the Closing Date
         an opinion of Jenkens & Gilchrist, P.C., counsel for the Company, dated
         the Closing Date and addressed to the Initial Purchasers, to the effect
         set forth in Exhibit D hereto

            (e) The Initial Purchasers shall have received on the Closing Date
         an opinion of Chris A. Choate, Esq., General Counsel of the Company,
         dated the Closing Date and addressed to the Initial Purchasers to the
         effect set forth in Exhibit E hereto.

            (f) The Initial Purchasers shall have received on the Closing Date
         an opinion of Dewey Ballantine LLP, special securitization counsel for
         the Company and its Subsidiaries, dated the Closing Date, and addressed
         to the Initial Purchasers to the effect set forth in Exhibit F hereto.

            (g) The Initial Purchasers shall have received on the Closing Date
         an opinion of Osler, Hoskin & Harcourt LLP, Ontario, Canada counsel for
         the Company, and an opinion of McInnes Cooper, Nova Scotia, Canada
         counsel for the Company, each dated the Closing Date and addressed to
         the Initial Purchasers, in form and substance satisfactory to counsel
         for the Initial Purchasers, to the effect set forth in Exhibits G-1 and
         G-2, respectively, hereto.

            (h) The Initial Purchasers shall have received on the Closing Date
         an opinion, of Latham & Watkins, counsel for the Initial Purchasers,
         dated the Closing Date, and addressed to the Initial Purchasers, with
         respect to the Offering Memorandum and such other related matters as
         the Initial Purchasers may reasonably request, and such counsel shall
         have received such certificates, documents and information as they may
         reasonably request to enable them to pass upon such matters.

            (i) The Initial Purchasers shall have received letters addressed to
         the Initial Purchasers, and dated the date hereof and the Closing Date
         from PricewaterhouseCoopers LLP, independent certified public
         accountants, substantially in the forms heretofore approved by the
         Initial Purchasers.

            (j) (i) There shall not have been any decrease in stockholders'
         equity of the Company nor any material increase in the short-term or
         long-term debt of the Company (other than in the ordinary course of
         business) from that set forth or specifically contemplated in the
         Offering Memorandum; (ii) the Company and the Subsidiaries shall not
         have any liabilities or obligations, direct or contingent (whether or
         not in the ordinary course of business), that are material to the
         Company and the Subsidiaries, taken as a whole, other than those
         reflected in the Offering Memorandum; and (iii) all the

                                       21

<PAGE>

         representations and warranties of the Company and the Guarantors
         contained in this Agreement shall be true and correct on and as of the
         date hereof and on and as of the Closing Date as if made on and as of
         the Closing Date, and the Initial Purchasers shall have received a
         certificate, dated the Closing Date and signed by the Chief Executive
         Officer and the Chief Financial Officer of the Company (or such other
         officers as are acceptable to the Initial Purchasers), to the effect
         set forth in this Section 8(j) and in Section 8(k) hereof.

            (k) The Company and the Guarantors shall not have failed at or prior
         to the Closing Date to have performed or complied in all material
         respects with any of its agreements herein contained and required to be
         performed or complied with by it hereunder at or prior to the Closing
         Date.

            (l) There shall not have been any announcement by any "nationally
         recognized statistical rating organization," as defined for purposes of
         Rule 436(g) under the Act, that (i) it is downgrading its rating
         assigned to any class of securities of the Company or any asset-backed
         securities of any Company-sponsored Securitization Trust (as such term
         is defined in the Indenture), or (ii) it is reviewing its ratings
         assigned to any class of securities of the Company or any asset-backed
         security of any Company-sponsored Securitization Trust with a view to
         possible downgrading, or with negative implications, or direction not
         determined (other than, with respect to this clause (ii) the
         announcement by Moody's Investor Service, dated June 6, 2002, whereby
         Moody's Investor Service confirmed its Ba1 rating on the Company's
         senior unsecured debt, but revised its outlook on the rating to
         negative from stable).

            (m) The Initial Notes shall have been approved for trading in the
         PORTAL Market.

            (n) The Company and Guarantors shall have furnished or caused to be
         furnished to the Initial Purchasers such further certificates and
         documents as the Initial Purchasers or their counsel shall have
         requested.

         All such opinions, certificates, letters, consents, waivers, amendments
and other documents will be in compliance with the provisions hereof only if
they are reasonably satisfactory in form and substance to the Initial Purchasers
and counsel for the Initial Purchasers. Any certificate or document signed by
any officer of the Company or a Guarantor and delivered to the Initial
Purchasers, or to counsel for the Initial Purchasers, shall be deemed a
representation and warranty by the Company or Guarantor, as the case may be, to
the Initial Purchasers as to the statements made therein.

         9. Expenses. The Company and the Guarantors jointly and severally agree
to pay the following costs, expenses and fees and all other costs and expenses
incident to the performance by any of them of any of their obligations
hereunder: (i) the preparation and reproduction of the Preliminary Offering
Memorandum and the Offering Memorandum (including, without limitation, financial
statements thereto), and each amendment or supplement to any of them, this
Agreement and the Indenture; (ii) the printing (or reproduction) and delivery
(including postage, air freight charges and charges for counting and packaging)
of such copies of

                                       22

<PAGE>

the Offering Memorandum, the Preliminary Offering Memorandum, and all amendments
or supplements to any of them as may be reasonably requested for use in
connection with the offering and sale of the Initial Notes; (iii) the
preparation, printing, authentication, issuance and delivery of certificates for
the Notes, including any stamp taxes in connection with the original issuance
and sale of the Notes; (iv) the printing (or reproduction) and delivery of this
Agreement, the preliminary and supplemental Blue Sky Memoranda and all other
agreements or documents printed (or reproduced) and delivered in connection with
the offering of the Notes; (v) the application for quotation of the Notes on the
PORTAL Market; (vi) the qualification of the Notes for offer and sale under the
securities or Blue Sky laws of the several states as provided in Section 4(f)
hereof (including the reasonable fees, expenses and disbursements of counsel for
the Initial Purchasers relating to the preparation, printing or reproduction,
and delivery of the preliminary and supplemental Blue Sky Memoranda and such
qualification); (vii) the performance by the Company of its obligations under
the Registration Rights Agreement; (viii) fees and expenses of the Trustee and
its counsel; (ix) the transportation and other expenses incurred by or on behalf
of the Company representatives in connection with presentations to prospective
purchasers of the Initial Notes; and (x) the fees and expenses of the Company's
and the Guarantors' accountants and the fees and expenses of counsel (including
local and special counsel, if any) for the Company and the Guarantors. The
Company and each of the Guarantors hereby agree that they will pay in full on
the Closing Date the fees and expenses referred to in clause (vi) of this
Section 9 by delivering to counsel for the Initial Purchasers on such date a
check payable to such counsel in the requisite amount.

         10. Initial Purchasers' Information The Company and the Guarantors
acknowledge that the statements with respect to the offering of the Initial
Notes set forth in the third and fourth sentences of the second paragraph, the
first sentence of the fourth paragraph, the fifth and sixth sentences of the
seventh paragraph and the eighth paragraph, in each case under the caption "Plan
of Distribution" in the Offering Memorandum, constitute the only information
relating to any of the Initial Purchasers furnished to the Company and the
Guarantors in writing by or on behalf of the Initial Purchasers expressly for
use in the Offering Memorandum.

         11. Survival of Representations and Agreements. All representations and
warranties, covenants and agreements of the Initial Purchasers, the Company and
the Guarantors contained in this Agreement, including the agreements contained
in Sections 9 and 12(d), the indemnity agreements contained in Section 6 and the
contribution agreements contained in Section 7, shall remain operative and in
full force and effect regardless of any investigation made by or on behalf of
the Initial Purchasers, any controlling person thereof, or by or on behalf of
the Company, the Guarantors or any controlling person thereof, and shall survive
delivery of and payment for the Initial Notes to and by the Initial Purchasers.
The representations contained in Section 5 and the agreements contained in
Sections 6, 7, 9 and 12(d) shall survive the termination of this Agreement,
including any termination pursuant to Section 12.

         12. Effective Date of Agreement; Termination. (a) This Agreement shall
become effective upon execution and delivery of a counterpart hereof by each of
the parties hereto.

         (b) The Initial Purchasers shall have the right to terminate this
Agreement at any time prior to the Closing Date by notice to the Company from
the Initial Purchasers, without liability (other than with respect to Sections 6
and 7) on the Initial Purchasers' part to the Company if, on

                                       23

<PAGE>

or prior to such date, (i) the Company shall have failed, refused or been unable
to perform in any material respect any agreement on its part to be performed
hereunder, (ii) any other condition to the obligations of the Initial Purchasers
hereunder as provided in Section 8 is not fulfilled when and as required in any
material respect, (iii) in the reasonable judgment of the Initial Purchasers,
any material adverse change shall have occurred (including, but not limited to,
the suspension of trading of any securities issued or guaranteed by the Company
on any exchange or in any over-the-counter market) since the respective dates as
of which information is given in the Offering Memorandum (exclusive of any
amendment or supplement thereto on or after the date of this Agreement) in the
condition (financial or otherwise), business, business prospects or results of
operations of the Company and its subsidiaries, taken as a whole, other than as
set forth in the Offering Memorandum (exclusive of any amendment or supplement
thereto on or after the date of this Agreement), or (iv)(A) any domestic or
international event or act or occurrence has materially disrupted or, in the
opinion of the Initial Purchasers, will in the immediate future materially
disrupt, the market for the Company's securities or for securities in general;
or (B) trading in securities generally on the New York Stock Exchange, the
American Stock Exchange or Nasdaq National Market shall have been suspended or
materially limited, or minimum or maximum prices for trading shall have been
established, or maximum ranges for prices for securities shall have been
required, on such exchange or the Nasdaq National Market, or by such exchange or
other regulatory body or governmental authority having jurisdiction; or (C) a
banking moratorium shall have been declared by federal or state authorities, or
any material disruption in commercial banking or securities settlement or
clearance services shall have occurred, or a moratorium in foreign exchange
trading by major international banks or persons shall have been declared; or (D)
there is an outbreak or escalation of hostilities or acts of terrorism involving
the United States, or there has been a declaration by the United States of a
national emergency or war, or there shall have been any other calamity or crisis
or any change in political, financial or economic conditions, the effect of
which, in any such case, shall be, in the Initial Purchasers' judgment, to make
it inadvisable or impracticable to proceed with the offering or delivery of the
Initial Notes on the terms and in the manner contemplated in the Offering
Memorandum; or (E) there shall have been such a material adverse change in
general economic, political or financial conditions or if the effect of
international conditions on the financial markets in the United States shall be
such as, in the Initial Purchasers' judgment, makes it inadvisable or
impracticable to proceed with the delivery of the Initial Notes as contemplated
hereby.

         (c) Any notice of termination pursuant to this Section 12 shall be by
telephone or facsimile and, in either case, confirmed in writing by letter.

         (d) If this Agreement shall be terminated pursuant to any of the
provisions hereof (otherwise than pursuant to clause (iv) of Section 12(b), in
which case each party will be responsible for its own expenses), or if the sale
of the Initial Notes provided for herein is not consummated because any
condition to the obligations of the Initial Purchasers set forth herein is not
satisfied or because of any refusal, inability or failure on the part of the
Company or any Guarantor to perform any agreement herein or comply with any
provision hereof, the Company and the Guarantors shall reimburse the Initial
Purchasers for all out-of-pocket expenses (including the reasonable fees and
expenses of the Initial Purchasers' counsel), incurred by the Initial Purchasers
in connection herewith.

                                       24

<PAGE>

         (e) If on the Closing Date any one or more of the Initial Purchasers
shall fail or refuse to purchase the Initial Notes which it or they have agreed
to purchase hereunder on such date and the aggregate principal amount of the
Initial Notes which such defaulting Initial Purchaser or Initial Purchasers, as
the case may be, agreed but failed or refused to purchase is not more than
one-tenth of the aggregate principal amount of the Initial Notes to be purchased
on such date by all Initial Purchasers, each non-defaulting Initial Purchaser
shall be obligated severally, in the proportion which the principal amount of
the Initial Notes set forth opposite its name in Exhibit B bears to the
aggregate principal amount of the Initial Notes which all the non-defaulting
Initial Purchasers, as the case may be, have agreed to purchase, or in such
other proportion as Bear, Stearns & Co. Inc. ("Bear Stearns") may specify, to
purchase the Initial Notes which such defaulting Initial Purchaser or Initial
Purchasers, as the case may be, agreed but failed or refused to purchase on such
date; provided, that in no event shall the aggregate principal amount of the
Initial Notes which any Initial Purchaser has agreed to purchase pursuant to
Section 3 hereof be increased pursuant to this Section 12 by an amount in excess
of one-ninth of such principal amount of the Initial Notes without the written
consent of such Initial Purchaser. If on the Closing Date any Initial Purchaser
or Initial Purchasers shall fail or refuse to purchase the Initial Notes and the
aggregate principal amount of the Initial Notes with respect to which such
default occurs is more than one-tenth of the aggregate principal amount of the
Initial Notes to be purchased by all Initial Purchasers and arrangements
satisfactory to the Initial Purchasers and the Company for purchase of such
Initial Notes are not made within 48 hours after such default, this Agreement
will terminate without liability on the part of any non-defaulting Initial
Purchaser and the Company. In any such case which does not result in termination
of this Agreement, either Bear Stearns or the Company shall have the right to
postpone the Closing Date, but in no event for longer than seven days, in order
that the required changes, if any, in the Offering Memorandum or any other
documents or arrangements may be effected. Any action taken under this paragraph
shall not relieve any defaulting Initial Purchaser from liability in respect of
any default of any such Initial Purchaser under this Agreement.

         13. Notice. All communications hereunder, except as may be otherwise
specifically provided herein, shall be in writing and, if sent to the Initial
Purchasers shall be mailed, delivered, telecopied and confirmed in writing or
sent by a nationally recognized overnight courier service guaranteeing delivery
on the next business day to Bear, Stearns & Co. Inc., 383 Madison Avenue, New
York, New York 10179, Attention: Leveraged Finance Group, Jonathan Miller,
telecopy number: (212) 881-9806, with a copy to Latham & Watkins, 885 Third
Avenue, Suite 1000, New York, New York 10022, Attention: Robert A. Zuccaro,
telecopy number: (212) 751-4864; and if sent to the Company and the Guarantors,
shall be mailed, delivered, telecopied and confirmed in writing or sent by a
nationally recognized overnight courier service guaranteeing delivery on the
next business day to AmeriCredit Corp., 801 Cherry Street, Suite 3900, Fort
Worth, Texas 76102, Attention: General Counsel, telecopy number: (817) 302-7915,
with a copy to Jenkens & Gilchrist, 1445 Ross Avenue, Suite 3200, Dallas Texas
75202, Attention: L. Steven Leshin, telecopy number: (214) 855-4300.

         14. Parties. This Agreement shall inure solely to the benefit of, and
shall be binding upon, the Initial Purchasers, the Company, the Guarantors and
the controlling persons and agents referred to in Sections 6 and 7, and their
respective successors and assigns, and no other person shall have or be
construed to have any legal or equitable right, remedy or claim under or in
respect of or by virtue of this Agreement or any provision herein contained. The
term

                                       25

<PAGE>

"successors and assigns" shall not include a purchaser, in its capacity as such,
of Notes from the Initial Purchasers.

         15. Construction. This Agreement shall be construed in accordance with
the internal laws of the State of New York. TIME IS OF THE ESSENCE IN THIS
AGREEMENT.

         16. Captions. The captions included in this Agreement are included
solely for convenience of reference and are not to be considered a part of this
Agreement.

         17. Counterparts. This Agreement may be executed in various
counterparts which together shall constitute one and the same instrument.

         18. DTPA Waiver. In consideration of Bear Stearns' agreement to perform
the services described in this Agreement, each of the Company and the Guarantors
hereby WAIVES AND RELEASES all of the Company's rights and remedies under the
Texas Deceptive Trade Practices--Consumer Protection Act (hereinafter referred
to as the "DTPA"), Subchapter E of Chapter 17 of the Texas Business and Commerce
Code, if any, including without limitation, all rights and remedies resulting
from, arising out of or associated with any and all acts or practices of Bear
Stearns in connection with the Offering and the use of proceeds therefrom and/or
the other transactions contemplated hereby (collectively, the "Transactions"),
whether such acts or practices occur before or after the date hereof or
consummation of any of the Transactions. Each of the Company and the Guarantors
understands that its rights and remedies with respect to the Transactions and
with respect to all acts or transactions shall be governed by legal principles
other than the DTPA; provided, however, that neither the Company nor any
Guarantor waives subchapter 17.555 of the DTPA. In connection with this waiver,
each of the Company and the Guarantors acknowledges, represents and warrants
that it has assets of $5.0 million or more (calculated in accordance with
generally accepted accounting principles), that it has knowledge and experience
in financial and business matters that enable it to evaluate the merits and
risks of transactions such as the Transactions, and that it is not in a
significantly disparate bargaining position with Bear Stearns. Neither
termination of this Agreement, nor consummation of the Offering or any of the
transactions contemplated hereby shall affect the provisions of this Section 18,
which shall remain operative and in full force and effect.

                           [Signature page to follow]

                                       26

<PAGE>

     If the foregoing correctly sets forth the understanding among the Initial
Purchasers, the Company and the Guarantors please so indicate in the space
provided below for that purpose, whereupon this letter shall constitute a
binding agreement among us as of the date first written above.

                                        Very truly yours,

                                           AmeriCredit Corp.

                                           By:__________________________________
                                              Name:  Preston A. Miller
                                              Title: Executive Vice President
                                                      and Treasurer

Americredit Corporation of California      AmeriCredit Financial Services, Inc.

By:____________________________________    By:__________________________________
   Name:  Preston A. Miller                   Name:  Preston A. Miller
   Title: Executive Vice President            Title: Executive Vice President
           and Treasurer                              and Treasurer

AmeriCredit Flight Operations, LLC            AmeriCredit Management Company

By:____________________________________    By:__________________________________
   Name:  Preston A. Miller                   Name:  Preston A. Miller
   Title: Executive Vice President            Title: Executive Vice President
           and Treasurer                              and Treasurer

AmeriCredit Consumer Discount Company         ACF Investment Corp.

By:____________________________________    By:__________________________________
   Name:  Preston A. Miller                   Name:  Preston A. Miller
   Title: Executive Vice President            Title: Executive Vice President
           and Treasurer                              and Treasurer

<PAGE>

AmeriCredit Financial Services of Canada   AmeriCredit NS I Co.
Ltd.

By:____________________________________    By:__________________________________
   Name:  Preston A. Miller                   Name:  Preston A. Miller
   Title: Executive Vice President            Title: Executive Vice President
           and Treasurer                              and Treasurer

AmeriCredit Service Center Ltd.            AmeriCredit NS II Co.

By:____________________________________    By:__________________________________
   Name:   Preston A. Miller                  Name:   Preston A. Miller
   Title:  Executive Vice President           Title:  Executive Vice President
            and Treasurer                              and Treasurer

<PAGE>

Accepted and agreed to as of
the date first above written:

Bear, Stearns & Co. Inc.

By:___________________________________
   Name:
   Title:

<PAGE>

Accepted and agreed to as of
the date first above written:

J.P. Morgan Securities Inc.

By:___________________________________
   Name:
   Title:

<PAGE>

Accepted and agreed to as of
the date first above written:

Deutsche Bank Securities Inc.

By:___________________________________
   Name:
   Title:

<PAGE>

Accepted and agreed to as of
the date first above written:

RBC Dominion Securities Corporation

By:___________________________________
   Name:
   Title:

<PAGE>

                                    Exhibit A

                                   Guarantors

Americredit Corporation of California
AmeriCredit Financial Services, Inc.
AmeriCredit Financial Services of Canada Ltd.
AmeriCredit Management Company
AmeriCredit Consumer Discount Company
ACF Investment Corp.
AmeriCredit Service Center Ltd.
AmeriCredit Flight Operations, LLC
AmeriCredit NS I Co.
AmeriCredit NS II Co.

                                      A-1

<PAGE>

                                    Exhibit B

                                                           Principal Amount
                         Initial Purchaser                     of Notes
                         -----------------               --------------------

Bear, Stearns & Co. Inc. ..........................          $ 70,000,000
J.P. Morgan Securities Inc. .......................          $ 70,000,000
Deutsche Bank Securities Inc. .....................          $ 26,250,000
RBC Dominion Securities Corporation ...............          $  8,750,000
                                                             ------------
         Total ....................................          $175,000,000
                                                             ============

                                       B-1

<PAGE>

                                    Exhibit C

                                  Subsidiaries

U.S. Operating Subsidiaries:
AmeriCredit Financial Services, Inc.
ACF Investment Corp.
AmeriCredit Consumer Discount Company
Americredit Corporation of California
AmeriCredit Flight Operations, LLC
AmeriCredit Management Company

Canadian Operating Subsidiaries
AmeriCredit Financial Services of Canada Ltd.
AmeriCredit NS I Co.
AmeriCredit NS II Co.
AmeriCredit Service Center Ltd.

Securitization Subsidiaries:
AFS SenSub Corp.
AFS Funding Corp.
AmeriCredit Canada 2002-A Corp.

Warehouse Subsidiaries:
AmeriCredit Funding Corp. II
AmeriCredit Funding Corp. V
AmeriCredit Funding Corp. VII
AmeriCredit Funding Corp. VIII
AmeriCredit MTN Corp.
AmeriCredit MTN Corp. II
AmeriCredit MTN Corp. III

Note: The above does not include beneficial ownership of securitization trusts
or warehouse trusts, the record ownership of which is held by Bankers Trust
(Delaware).

                                       C-1

<PAGE>

                                    Exhibit D

                     Form of Opinion of Jenkens & Gilchrist

     (1)  The Company is a corporation duly incorporated and validly existing in
good standing under the laws of Texas with full corporate power and authority to
own, lease and operate its properties and to conduct its business as described
in the Offering Memorandum.

     (2)  Each of the Subsidiaries is a corporation duly incorporated and
validly existing and in good standing under the laws of its jurisdiction of
incorporation, with all requisite power and authority to own, lease, and operate
its properties and to conduct its business as described in the Offering
Memorandum; and all the outstanding shares of capital stock or beneficial
interests of each of the Subsidiaries have been duly authorized and validly
issued, are fully paid and nonassessable, and to the knowledge of such counsel,
are wholly owned by the Company directly, or indirectly through one of the other
Subsidiaries, free and clear of any security interest, lien, adverse claim,
equity or other encumbrance, except as specifically described in the Offering
Memorandum under the caption "Description Of Other Debt."

     (3)  The authorized capital stock of the Company is as set forth under the
caption "Capitalization" in the Offering Memorandum.

     (4)  The Company and each of the Guarantors have the corporate power and
authority to enter into this Agreement and the Registration Rights Agreement and
to issue, sell and deliver the Initial Notes to be sold to the Initial
Purchasers as provided herein, and this Agreement and the Registration Rights
Agreement have been duly and validly authorized, executed and delivered by the
Company and the Guarantors and constitute the valid and binding agreements of
the Company and the Guarantors, enforceable against the Company and the
Guarantors in accordance with their terms.

     (5)  The Indenture has been duly and validly authorized, executed and
delivered by the Company and the Guarantors and, assuming due authorization,
execution and delivery by the Trustee, constitutes the valid and binding
agreement of the Company and the Guarantors, enforceable against the Company and
the Guarantors in accordance with its terms.

     (6)  The Initial Notes have been duly and validly authorized by the Company
and when duly executed by the Company in accordance with the terms of the
Indenture and, assuming due authentication of the Initial Notes by the Trustee,
upon delivery to the Initial Purchasers against payment therefor in accordance
with the terms hereof, will have been validly issued and delivered, and will
constitute valid and binding obligations of the Company entitled to the benefits
of the Indenture, enforceable against the Company in accordance with their
terms.

     (7)  The Exchange Notes have been duly and validly authorized by the
Company and if and when duly issued and authenticated in accordance with the
terms of the Indenture and delivered in accordance with the Exchange Offer
provided for in the Registration Rights Agreement, will constitute valid and
binding obligations of the Company entitled to the benefits of the Indenture,
enforceable against the Company in accordance with their terms.

                                       D-1

<PAGE>

     (8)  The Initial Guarantees have been duly and validly authorized by the
Guarantors and when duly executed and delivered by the Guarantors in accordance
with the terms of the Indenture and upon the due execution, authentication and
delivery of the Initial Notes in accordance with the Indenture and the issuance
of the Initial Notes in the sale to the Initial Purchasers contemplated by this
Agreement, will constitute valid and binding obligations of the Guarantors,
enforceable against the Guarantors in accordance with their terms.

     (9)  The Exchange Guarantees have been duly and validly authorized by the
Guarantors and if and when duly executed and delivered by the Guarantors in
accordance with the terms of the Indenture and upon the due execution,
authentication and delivery of the Exchange Notes in accordance with the
Indenture and the issuance and delivery of the Exchange Notes in the Exchange
Offer contemplated by the Registration Rights Agreement, will constitute valid
and binding obligations of the Guarantors, enforceable against the Guarantors in
accordance with their terms, subject to the qualification that the
enforceability of the Guarantors' obligations thereunder may be limited by
bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium, and
other laws relating to or affecting creditors' rights generally and by general
equitable principles.

     (10) None of the issuance, offer or sale of the Initial Notes and Initial
Guarantees, the execution, delivery or performance by the Company and the
Guarantors of this Agreement or the other Operative Documents, compliance by the
Company and the Guarantors with the provisions hereof or thereof nor
consummation by the Company and the Guarantors of the transactions contemplated
hereby or thereby conflicts or will conflict with or constitutes or will
constitute a breach of, or a default under the certificate or articles of
incorporation or formation or bylaws or other organizational documents of the
Company or any of the Subsidiaries nor will any such action result in any
violation of any existing law, or any regulation, ruling (assuming compliance
with all applicable state securities and Blue Sky laws and, in the case of the
Registration Rights Agreement, the Act, the Exchange Act and the 1939 Act),
judgment, injunction, order or decree known to such counsel, applicable to the
Company or the Subsidiaries or any of their respective properties.

     (11) No consent, approval, authorization or other order of, or registration
or filing with, any court, regulatory body, administrative agency or other
governmental body, agency, or official is required on the part of the Company or
the Guarantors for the valid issuance and sale of the Initial Notes to the
Initial Purchasers and the issuance of the Initial Guarantees in connection
therewith as contemplated by this Agreement (other than as may be required by
applicable state securities and Blue Sky laws, as to which counsel need express
no opinions).

     (12) To the knowledge of such counsel, (A) other than as described or
contemplated in the Offering Memorandum, there are no legal or governmental
proceedings pending or threatened against the Company, the Guarantors or any of
the other Subsidiaries or to which the Company or any of the Subsidiaries or any
of their properties, are subject, which are not disclosed in the Offering
Memorandum and which, if adversely decided, are reasonably likely to cause a
Material Adverse Effect or materially affect the issuance of the Notes or the
consummation of the other transactions contemplated by the Operative Documents
and (B) there are no material agreements, contracts, indentures, leases or other
instruments, that are not described in the Offering Memorandum.

                                      D-2

<PAGE>

     (13) The statements under the captions "Risk Factors," "Management's
Discussion and Analysis of Financial Condition and Results of Operations,"
"Business," "Description of Other Debt," and "Certain Federal Income Tax
Considerations" in the Offering Memorandum, insofar as they are descriptions of
contracts, agreements or other legal documents, (excluding contracts, agreements
or other legal documents pertaining to Company-sponsored securitizations) or
refer to statements of law or legal conclusions, are accurate in all material
respects and present fairly the information required to be shown.

     (14) Such counsel does not know of any person who has the right,
contractual or otherwise, to cause the Company to sell or otherwise issue to
them, or to permit them to underwrite the sale of, any of the Notes or the
right, as a result of the consummation of the transactions contemplated by the
Operative Documents, to require registration under the Act of any shares of
Common Stock or other securities of the Company.

     (15) When the Initial Notes are issued and delivered pursuant to this
Agreement, such Initial Notes will not be of the same class (within the meaning
of Rule 144A(d)(3) under the Act) as any security of the Company that is listed
on a national securities exchange registered under Section 6 of the Exchange Act
or that is quoted in a United States automated interdealer quotation system.

     (16) No registration of the Initial Notes under the Act is required for the
sale of the Initial Notes to the Initial Purchasers as contemplated in this
Agreement or for the Exempt Resales (assuming (A) that any Eligible Purchaser
who buys the Initial Notes in the Exempt Resales is a QIB or Reg S Investor and
(B) the accuracy of the Initial Purchasers' representations and those of the
Company and the Guarantors in this Agreement) (it being understood that no
opinion is being expressed as to any resale subsequent to the Exempt Resales or
any resale of securities by any person other than the Initial Purchasers).

     (17) The Company and the Guarantors are not required to deliver the
information specified in Rule 144A(d)(4) in connection with the offering and
resale of the Initial Notes by the Initial Purchasers.

     (18) The Company is not required to obtain stockholder consent for the
issuance or offering of the Notes.

     In addition, such counsel shall also state that such counsel has
participated in conferences with officers and representatives of the Company,
the Guarantors and the Subsidiaries, representatives of the independent public
accountants for the Company, the Guarantors and the Subsidiaries and the Initial
Purchasers at which the contents of the Offering Memorandum and related matters
were discussed and, although such counsel is not passing upon and does not
assume any responsibility for and has not verified the accuracy, completeness or
fairness of the statements contained in the Offering Memorandum, and has not
made any independent check or verification thereof, on the basis of the
foregoing (relying as to materiality to the extent such counsel deemed
appropriate upon facts provided by officers and other representatives of the
Company, the Guarantors and the Subsidiaries), no facts have come to the
attention of such counsel that lead such counsel to believe that the Offering
Memorandum, as of its date or as of the Closing Date, contained or contains any
untrue statement of material fact or omitted or omits to state any material fact
necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading (it being understood that such counsel need
express

                                      D-3

<PAGE>

no belief or opinion with respect to the financial statements and other
financial and statistical data included therein).

     The opinions of such counsel in paragraphs 4-8 above may be subject to
standard exceptions, as previously agreed upon with counsel to the Initial
Purchasers. The opinion of such counsel may be limited to the laws of the state
of Texas, the laws of the states of New York and California, the General
Corporation Law of the State of Delaware and the federal laws of the United
States. Such counsel may rely as to matters of New York and California law, as
it relates to the authorization and enforceability of the Operative Documents
only, on the opinion of Latham & Watkins. Such counsel need not express any
opinion with respect to the Canadian Guarantors, except that such counsel shall
express its opinion as to the due execution and delivery of the Operative
Documents by the Canadian Guarantors. In rendering such opinion, such counsel
may rely as to matters of Canadian, Ontario choice of law rules, on the opinion
of Osler, Hoskin & Harcourt LLP and as to matters of Canadian, Nova Scotia
choice of law rules, on the opinion of McInnes Cooper.

                                      D-4

<PAGE>

                                    Exhibit E

                    Form of Opinion of Chris A. Choate, Esq.

     (1) The Company is duly registered and qualified to conduct its business
and is in good standing as a foreign corporation in each jurisdiction or place
where the nature of its properties or the conduct of its business requires such
registration or qualification, except where the failure so to register or
qualify or to be in good standing does not have a Material Adverse Effect.

     (2) Each of the Guarantors is duly registered and qualified to conduct its
business and is in good standing as a foreign corporation in each jurisdiction
or place where the nature of its properties or the conduct of its business
requires such registration or qualification, except where the failure so to
register or qualify or to be in good standing does not have a Material Adverse
Effect.

     (3) Neither the Company nor any of the Subsidiaries is in violation of its
respective certificate or articles of incorporation or formation or bylaws, or
other organizational documents, or to the best knowledge of such counsel after
reasonable inquiry, is in default in the performance of any material obligation,
agreement or condition contained in any bond, debenture, note or other evidence
of indebtedness or in any material agreement, indenture, lease or other
instrument to which the Company or any of the Subsidiaries is a party or by
which any of them or any of their respective properties may be bound, except as
disclosed in the Offering Memorandum and except to the extent that any such
violation or default would not have a Material Adverse Effect.

     (4) None of the issuance, offer or sale of the Initial Notes and Initial
Guarantees, the execution, delivery or performance by the Company and the
Guarantors of this Agreement or the other Operative Documents, compliance by the
Company and the Guarantors with the provisions hereof or thereof nor
consummation by the Company and the Guarantors of the transactions contemplated
hereby or thereby conflicts or will conflict with or constitutes or will
constitute a breach of, or a default under the certificate or articles of
incorporation or formation or bylaws or other organizational documents of the
Company or any of the Subsidiaries or any material agreement, indenture, lease
or other instrument to which the Company or any of the Subsidiaries is a party
or by which any of them or any of their respective properties is bound, or will
result in the creation or imposition of any lien, charge or encumbrance upon any
property or assets of the Company or the Subsidiaries pursuant to the terms of
any material agreement or instrument to which any of them is a party or by which
any of them may be bound or to which any of the property or assets of them is
subject, nor will any such action result in any violation of any existing law,
or any regulation, ruling (assuming compliance with all applicable state
securities and Blue Sky laws and, in the case of the Registration Rights
Agreement, the Act, the Exchange Act and the 1939 Act), judgment, injunction,
order or decree known to such counsel, applicable to the Company or the
Subsidiaries or any of their respective properties.

     (5) The statements under the caption "Management" in the Offering
Memorandum, insofar as they are descriptions of contracts, agreements or other
legal documents or refer to statements of law or legal conclusions, are accurate
in all material respects and present fairly the information required to be
shown.

                                      E-1

<PAGE>

     (6) To the best knowledge of such counsel after reasonable inquiry, neither
the Company nor any of the Subsidiaries is in violation of any law, ordinance,
administrative or governmental rule or regulation applicable to the Company or
any of the Subsidiaries or of any decree of any court or governmental agency or
body having jurisdiction over the Company or any of the Subsidiaries, except to
the extent that any such violation would not have a Material Adverse Effect.

     (7) The Company and the Subsidiaries have all Permits that are required
under applicable law to own their respective properties and to conduct their
respective businesses as now being conducted as described in the Offering
Memorandum except where the failure to have any such Permits would not,
individually or in the aggregate, have a Material Adverse Effect.

     (8) The statements in the Offering Memorandum, insofar as they are
descriptions of contracts, agreements or other legal documents pertaining to the
Company's Warehouse Facilities are accurate in all material respects and present
fairly the Company's and the Guarantors' rights, obligations and liabilities in
connection with such Warehouse Facilities.

     (9) None of the issuance, offer or sale of the Initial Notes, the
execution, delivery or performance by the Company and the Guarantors of this
Agreement or the other Operative Documents, compliance by the Company and the
Guarantors with the provisions hereof or thereof nor consummation by the Company
and the Guarantors of the transactions contemplated hereby or thereby conflicts
or will conflict with or constitutes or will constitute a breach of, or a
default under any material agreement, indenture, or other instrument pertaining
to the Company's Warehouse Facilities, or will result in the creation or
imposition of any lien, charge or encumbrance upon any property or assets of the
Company or any of the Subsidiaries pursuant to the terms of any material
agreement or instrument pertaining to the Company's Warehouse Facilities.

                                      E-2

<PAGE>

                                    Exhibit F

                     Form of Opinion of Dewey Ballantine LLP

     (1) The statements in the Offering Memorandum, insofar as they are
descriptions of contracts, agreements or other legal documents pertaining to
Company-sponsored securitizations, are accurate in all material respects and
present fairly the Company's and the Guarantors' rights, obligations and
liabilities in connection with such securitizations.

     (2) None of the issuance, offer or sale of the Initial Notes, the
execution, delivery or performance by the Company and the Guarantors of this
Agreement or the other Operative Documents, compliance by the Company and the
Guarantors with the provisions hereof or thereof nor consummation by the Company
and the Guarantors of the transactions contemplated hereby or thereby conflicts
or will conflict with or constitutes or will constitute a breach of, or a
default under any material agreement, indenture, or other instrument pertaining
to a Company-sponsored securitization, or will result in the creation or
imposition of any lien, charge or encumbrance upon any property or assets of the
Company or any of the Subsidiaries pursuant to the terms of any material
agreement or instrument pertaining to a Company-sponsored securitization.

                                      F-1

<PAGE>

                                   Exhibit G-1

                 Form of Opinion of Osler, Hoskin & Harcourt LLP

     (1) Each of AmeriCredit Financial Services of Canada Ltd. ("AmeriCredit
Canada") and AmeriCredit Service Center Ltd. ("AmeriCredit Service", and
together with AmeriCredit Canada, the "Ontario Guarantors") is a corporation
duly incorporated and validly existing and has not been dissolved under the laws
of its jurisdiction of incorporation, with all requisite power and authority to
own, lease, and operate its assets and carry on its business as it is currently
being conducted; and all the outstanding shares of capital stock or beneficial
interests of each of the Ontario Guarantors has been duly authorized and validly
issued, as fully paid and nonassessable, and in the case of (i) AmeriCredit
Canada, registered in the name of the Company and (ii) AmeriCredit Service,
registered in the name of AmeriCredit Canada.

     (2) Each of the Ontario Guarantors has the corporate power and authority to
enter into this Agreement and the Registration Rights Agreement and this
Agreement and the Registration Rights Agreement have been duly and validly
authorized, executed and delivered by the Ontario Guarantors.

     (3) The Indenture has been duly and validly authorized, executed and
delivered by each of the Ontario Guarantors.

     (4) The Initial Guarantees have been duly and validly authorized, executed
and delivered by each of the Ontario Guarantors.

     (5) The Exchange Guarantees have been duly and validly authorized as of the
date hereof by each of the Ontario Guarantors.

     (6) None of the issuance of the Initial Guarantees, the execution, delivery
or performance by each of the Ontario Guarantors of this Agreement or the other
Operative Documents, compliance by such Ontario Guarantor with the provisions
hereof or thereof nor consummation by such Ontario Guarantor of the transactions
contemplated hereby or thereby conflicts or will conflict with or constitutes or
will constitute a breach of, or a default under the articles of incorporation or
formation or bylaws or other organizational documents of such Ontario Guarantor
nor will any such action result in any violation of any existing law, or any
regulation, ruling, judgment, injunction, order or decree known to such counsel,
applicable to such Ontario Guarantor or any of its properties.

     (7) No consent, approval, authorization or other order of, or registration
or filing with, any court, regulatory body, administrative agency or other
governmental body, agency, or official is required on the part of any Ontario
Guarantor for the issuance of the Initial Guarantees in connection therewith as
contemplated by this Agreement.

     (8) The choice of the laws of New York ("New York Law") as the governing
law of the Operative Documents to which the Canadian Guarantors are party (the
"Canadian Guarantor Documents") will be upheld as a valid choice of law by a
court of competent jurisdiction of the Province of Ontario (an "Ontario Court")
provided that such choice of law is bona fide (in the sense that it was not made
with a view to avoiding the consequences of the law of any other

                                     G-1-1

<PAGE>

jurisdiction) and is not contrary to public policy as this term is understood
under the laws of the Province of Ontario ("Ontario Law").

     (9)   In the event that the Canadian Guarantors Documents are sought to be
enforced in the Province of Ontario, in accordance with New York Law, an Ontario
Court would, subject to paragraph 8 recognize the choice of law and apply New
York Law, upon proof of those laws, except to the extent that the provisions of
the Canadian Guarantors Documents or New York Law are contrary to public policy
as that term is understood under Ontario Law, or those laws are foreign revenue,
expropriatory or penal laws; provided, however, that:

     (i)   in matters of procedure or laws in force in Ontario which are
           applicable by reason of their particular object, an Ontario Court
           will apply Ontario Law;

     (ii)  an Ontario Court will retain discretion to decline to hear such an
           action if it is not the proper forum to hear such an action, or if
           another action between the same parties, based on the same subject
           matter is properly pending before a foreign authority or a decision
           thereon has been rendered by a foreign authority;

     (iii) an Ontario Court may not enforce an obligation enforceable under New
           York Law where performance of the obligation would be illegal by the
           laws of the place of performance; and

     (iv)  there is compliance with the Limitations Act (Ontario).

     (10)  A final and conclusive civil judgment for a sum certain obtained in a
court of competent jurisdiction of New York ("a New York Court") against a
Canadian Guarantor in connection with any action arising out of or relating to
the Operative Documents to which it is party, which judgment is not impeachable
as void or voidable under New York Law would be recognized and could be sued
upon in an Ontario Court and such court would grant a judgment which would be
enforceable against such Canadian Guarantor in the Province of Ontario provided
that:

     (i)   the New York Court has jurisdiction over such Canadian Guarantor
           according to Ontario Law;

     (ii)  such judgment was not obtained by fraud or in any manner contrary to
           natural justice and the enforcement thereof would not be inconsistent
           with public policy as such term is understood under Ontario Law;

     (iii) enforcement of such judgment does not constitute, directly or
           indirectly, the enforcement of foreign revenue, expropriatory or
           penal laws;

     (iv)  a dispute between the same parties based on the same subject matter
           has not given rise to a decision rendered by an Ontario Court or been
           decided by a foreign authority and the decision meets the necessary
           conditions for recognition under Ontario Law;

                                     G-1-2

<PAGE>

     (v)    such judgement was not obtained contrary to an order made by the
            Attorney General of Canada under the Foreign Extraterritorial
            Measures Act (Canada) or by the Competition Tribunal under the
            Competition Act (Canada);

     (vi)   no new admissible evidence is discovered and presented before the
            Ontario Court reaches its judgment;

     (vii)  a sum of money will be converted by an Ontario Court into Canadian
            currency in accordance with the Courts of Justice Act (Ontario);

     (viii) there has been compliance with the Limitations Act (Ontario).

     The opinion of such counsel may be limited to the laws of the Province of
Ontario and to the federal laws of Canada applicable therein.

                                     G-1-3

<PAGE>

                                   Exhibit G-2

                        Form of Opinion of McInnes Cooper

     (1) Each of AmeriCredit NS I Co. ("AmeriCredit NS 1") and AmeriCredit NS II
Co., ("AmeriCredit NS 2") (together, the "Nova Scotia Guarantors") is a
corporation duly incorporated as an unlimited company, and validly existing and
in good standing under the laws of Nova Scotia, with all requisite power and
authority to own, lease, and operate its properties and to conduct its business
as it is currently being conducted; and all the outstanding shares of capital
stock of each of the Nova Scotia Guarantors has been duly authorized and validly
issued, as fully paid but assessable, and registered in the name of AmeriCredit
Corp.

     (2) Each of the Nova Scotia Guarantors has the corporate power and
authority to enter into this Agreement and the Registration Rights Agreement and
this Agreement and the Registration Rights Agreement have been duly and validly
authorized, executed and delivered by the Nova Scotia Guarantors.

     (3) The Indenture has been duly and validly authorized, executed and
delivered by each of the Nova Scotia Guarantors.

     (4) The Initial Guarantees have been duly and validly authorized, executed
and delivered by each of the Nova Scotia Guarantors.

     (5) The Exchange Guarantees have been duly and validly authorized as of the
date hereof by each of the Nova Scotia Guarantors.

     (6) None of the issuance of the Initial Guarantees, the execution, delivery
or performance by each of the Nova Scotia Guarantors of this Agreement or the
other Operative Documents, compliance by such Nova Scotia Guarantor with the
provisions hereof or thereof nor consummation by such Nova Scotia Guarantor of
the transactions contemplated hereby or thereby conflicts or will conflict with
or constitutes or will constitute a breach of, or a default under the memorandum
of association or articles of association or other organizational documents of
such Nova Scotia Guarantor nor will any such action result in any violation of
any existing law, or any regulation, ruling, judgment, injunction, order or
decree known to such counsel, applicable to such Nova Scotia Guarantor or any of
its properties.

     (7) No consent, approval, authorization or other order of, or registration
or filing with, any court, regulatory body, administrative agency or other
governmental body, agency, or official is required on the part of any Nova
Scotia Guarantor for the issuance of the Initial Guarantees in connection
therewith as contemplated by this Agreement.

     (8) The choice of the laws of New York ("New York Law") as the governing
law of the Operative Documents to which the Nova Scotia Guarantors are party
(the "Nova Scotia Guarantor Documents") will be upheld as a valid choice of law
by a court of competent jurisdiction of the Province of Nova Scotia (an "Nova
Scotia Court") provided that such choice of law is bona fide (in the sense that
it was not made with a view to avoiding the consequences of

                                     G-2-1

<PAGE>

the law of any other jurisdiction) and is not contrary to public policy as this
term is understood under the laws of the Province of Nova Scotia ("Nova Scotia
Law").

     (9)   In the event that the Nova Scotia Guarantors Documents are sought to
be enforced in the Province of Nova Scotia, in accordance with New York Law, a
Nova Scotia Court would, subject to paragraph 8 recognize the choice of law and
apply New York Law, upon proof of those laws, except to the extent that the
provisions of the Nova Scotia Guarantors Documents or New York Law are contrary
to public policy as that term is understood under Nova Scotia Law, or those laws
are foreign revenue, expropriatory or penal laws; provided, however, that:

     (i)   in matters of procedure or laws in force in Nova Scotia which are
           applicable by reason of their particular object, a Nova Scotia Court
           will apply Nova Scotia Law;

     (ii)  a Nova Scotia Court will retain discretion to decline to hear such an
           action if it is not the proper forum to hear such an action, or if
           another action between the same parties, based on the same subject
           matter is properly pending before a foreign authority or a decision
           thereon has been rendered by a foreign authority;

     (iii) a Nova Scotia Court may not enforce an obligation enforceable under
           New York Law where performance of the obligation would be illegal by
           the laws of the place of performance; and

     (iv)  there is compliance with the Limitation of Actions Act (Nova Scotia).

     (10)  A final and conclusive civil judgment for a sum certain obtained in a
court of competent jurisdiction of New York ("a New York Court") against a Nova
Scotia Guarantor in connection with any action arising out of or relating to the
Operative Documents to which it is party, which judgment is not impeachable as
void or voidable under New York Law would be recognized and could be sued upon
in a Nova Scotia Court and such court would grant a judgment which would be
enforceable against such Nova Scotia Guarantor in the Province of Nova Scotia
provided that:

     (i)   the New York Court has jurisdiction over such Nova Scotia Guarantor
           according to Nova Scotia Law;

     (ii)  such judgment was not obtained by fraud or in any manner contrary to
           natural justice and the enforcement thereof would not be inconsistent
           with public policy as such term is understood under Nova Scotia Law;

     (iii) enforcement of such judgment does not constitute, directly or
           indirectly, the enforcement of foreign revenue, expropriatory or
           penal laws;

     (iv)  a dispute between the same parties based on the same subject matter
           has not given rise to a decision rendered by a Nova Scotia Court or
           been decided by a foreign authority and the decision meets the
           necessary conditions for recognition under Nova Scotia Law;

                                     G-2-2

<PAGE>

     (v)    such judgement was not obtained contrary to an order made by the
            Attorney General of Canada under the Foreign Extraterritorial
            Measures Act (Canada) or by the Competition Tribunal under the
            Competition Act (Canada);

     (vi)   no new admissible evidence is discovered and presented before the
            Nova Scotia Court reaches its judgment;

     (vii)  a sum of money will be converted by a Nova Scotia Court into
            Canadian;

     (viii) there has been compliance with the Limitation of Actions Act (Nova
            Scotia).

     The opinion of such counsel may be limited to the laws of the Province of
Nova Scotia and to the federal laws of Canada applicable therein.

                                     G-2-3<PAGE>

                                                                 Execution Copy

                                                                  Exhibit 10.73

                          REGISTRATION RIGHTS AGREEMENT

                            Dated as of June 19, 2002

                                     between

                                AMERICREDIT CORP.

                                       and

                             BEAR, STEARNS & CO INC.
                           J.P. MORGAN SECURITIES INC.
                          DEUTSCHE BANK SECURITIES INC.
                       RBC DOMINION SECURITIES CORPORATION

<PAGE>

                                                                 Execution Copy

                          REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and entered
into as of June 19, 2002 by and among AmeriCredit Corp., a Texas corporation
(the "Company"); AmeriCredit Financial Services, Inc., a Delaware corporation,
ACF Investment Corp., a Delaware corporation, Americredit Corporation of
California, a California corporation, AmeriCredit Management Company, a Delaware
corporation, AmeriCredit Consumer Discount Company, a Pennsylvania corporation,
AmeriCredit Service Center Ltd., a Canadian corporation chartered in the
Province of Ontario, AmeriCredit Flight Operations, LLC, a Texas limited
liability company, AmeriCredit NS I Co., a Canadian corporation chartered in the
Province of Nova Scotia, AmeriCredit NS II Co., a Canadian corporation chartered
in the Province of Nova Scotia and AmeriCredit Financial Services of Canada
Ltd., a Canadian corporation chartered in the Province of Ontario (collectively
the "Guarantors"); and Bear, Stearns & Co. Inc., J.P. Morgan Securities, Inc.,
Deutsche Bank Securities Inc. and RBC Dominion Securities Corporation
(collectively the "Initial Purchasers"), each of whom have agreed to purchase
the Company's 9 1/4% Senior Notes due 2009 (the "Notes") pursuant to the
Purchase Agreement (as defined below).

     This Agreement is made pursuant to the Purchase Agreement, dated June 13,
2002 (the "Purchase Agreement"), by and among the Company, the Guarantors and
the Initial Purchasers. In order to induce the Initial Purchasers to purchase
the Notes, the Company has agreed to provide the registration rights set forth
in this Agreement. The execution and delivery of this Agreement is a condition
to the obligations of the Initial Purchasers set forth in Section 8 of the
Purchase Agreement. Capitalized terms used herein and not otherwise defined
shall have the meanings assigned to them in the Indenture, dated June 19, 2002,
between the Company and Bank One, NA as Trustee, relating to the Notes and the
Exchange Notes (the "Indenture").

     The parties hereby agree as follows:

     1. DEFINITIONS

     As used in this Agreement, the following capitalized terms shall have the
following meanings:

     Act: The Securities Act of 1933, as amended.

     Affiliate: As defined in Rule 144 of the Act.

     Broker-Dealer: Any broker or dealer registered under the Exchange Act.

     Closing Date: The date hereof.

     Commission: The Securities and Exchange Commission.

     Consummate: An Exchange Offer shall be deemed "Consummated" for purposes of
this Agreement upon the occurrence of (a) the filing and effectiveness under the
Act of the Exchange Offer Registration Statement relating to the Exchange Notes
to be issued in the Exchange Offer,

                                       2

<PAGE>

(b) the maintenance of such Exchange Offer Registration Statement continuously
effective and the keeping of the Exchange Offer open for a period not less than
the period required pursuant to Section 3(b) hereof and (c) the delivery by the
Company to the Registrar under the Indenture of Exchange Notes in the same
aggregate principal amount as the aggregate principal amount of Notes tendered
by Holders thereof pursuant to the Exchange Offer.

     Consummation Deadline: As defined in Section 3(b) hereof.

     Effectiveness Deadline: As defined in Section 3(a) and 4(a)(y) hereof.

     Exchange Act: The Securities Exchange Act of 1934, as amended.

     Exchange Notes: The Company's 9 1/4% Exchange Senior Notes due 2009 to be
issued pursuant to the Indenture in the Exchange Offer.

     Exchange Offer: The exchange and issuance by the Company of a principal
amount of Exchange Notes (which shall be registered pursuant to the Exchange
Offer Registration Statement) equal to the outstanding principal amount of Notes
that are tendered by Holders in connection with such exchange and issuance.

     Exchange Offer Registration Statement: The Registration Statement relating
to the Exchange Offer, including the related Prospectus.

     Exempt Resales: The transactions in which the Initial Purchasers propose to
sell the Notes to certain "qualified institutional buyers," as such term is
defined in Rule 144A under the Act and pursuant to Regulation S under the Act.

     Filing Deadline: As defined in Sections 3(a) and 4(a)(x) hereof.

     Holders: As defined in Section 2 hereof.

     Liquidated Damages: As defined in Section 5 hereof.

     Prospectus: The prospectus included in a Registration Statement at the time
such Registration Statement is declared effective, as amended or supplemented by
any prospectus supplement and by all other amendments thereto, including
post-effective amendments, and all material incorporated by reference into such
Prospectus.

     Recommencement Date: As defined in Section 6(e) hereof.

     Registration Default: As defined in Section 5 hereof.

     Registration Statement: Any registration statement of the Company relating
to (a) an offering of Exchange Notes pursuant to an Exchange Offer or (b) the
registration for resale of Transfer Restricted Securities pursuant to the Shelf
Registration Statement, in each case, (i) that is filed pursuant to the
provisions of this Agreement and (ii) including the Prospectus included therein,
all amendments and supplements thereto (including post-effective amendments) and
all exhibits and material incorporated by reference therein.

                                       3

<PAGE>

     Regulation S: Regulation S promulgated under the Act.

     Rule 144: Rule 144 promulgated under the Act.

     Shelf Registration Statement: As defined in Section 4 hereof.

     Suspension Notice: As defined in Section 6(e) hereof.

     TIA: The Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as in
effect on the date of the Indenture.

     Transfer Restricted Securities: Each Note, until (i) the date on which such
Note has been exchanged by a person other than a Broker-Dealer for an Exchange
Note in the Exchange Offer; (ii) following the exchange by a Broker-Dealer in
the Exchange Offer of a Note for an Exchange Note, the date on which such
Exchange Note is sold to a purchaser who receives from such Broker-Dealer on or
prior to the date of such sale a copy of the Prospectus contained in the
Exchange Offer Registration Statement; (iii) the date on which such Note has
been effectively registered under the Act and disposed of in accordance with the
Shelf Registration Statement; or (iv) the date on which such Note is distributed
to the public pursuant to Rule 144 under the Act.

     2. HOLDERS

     A Person is deemed to be a holder of Transfer Restricted Securities (each,
a "Holder") whenever such Person owns Transfer Restricted Securities.

     3. REGISTERED EXCHANGE OFFER

     (a) After the procedures set forth in Section 6(a)(i) below have been
complied with, the Company and the Guarantors shall (i) cause to be filed the
Exchange Offer Registration Statement with the Commission on or prior to 90 days
after the Closing Date (such 90th day being the "Filing Deadline"), (ii) use
their best efforts to have the Exchange Offer Registration Statement declared
effective by the Commission on or prior to 150 days after the Closing Date (such
150th day being the "Effectiveness Deadline"), (iii) in connection with the
foregoing, (A) file all pre-effective amendments to such Exchange Offer
Registration Statement as may be necessary in order to cause it to be declared
effective, (B) file, if applicable, a post-effective amendment to such Exchange
Offer Registration Statement pursuant to Rule 430A under the Act and (C) cause
all necessary filings, if any, in connection with the registration and
qualification of the Exchange Notes to be made under the Blue Sky laws of such
jurisdictions as are necessary to permit Consummation of the Exchange Offer, and
(iv) unless the Exchange Offer would not be permitted by applicable law or
Commission policy, (A) commence the Exchange Offer; and (B) use their best
efforts to issue on or prior to 30 business days, or longer, if required by the
federal securities laws (such 30th or later day being the "Consummation
Deadline"), after the date on which the Exchange Offer Registration Statement
was declared effective by the Commission, Exchange Notes in exchange for all
Notes tendered prior thereto in the Exchange Offer. The Exchange Offer shall be
on the appropriate form permitting (i) registration of the Exchange Notes to be
offered in exchange for the Notes that are Transfer Restricted Securities and
(ii) resales of Exchange Notes by any Broker-Dealer that tendered into the
Exchange Offer Notes that such Broker-Dealer acquired for its own account as a
result of market-making activities or

                                       4

<PAGE>

other trading activities (other than Notes acquired directly from the Company or
any of its Affiliates) as contemplated by Section 3(c) below.

     (b) The Company and the Guarantors shall use their best efforts to cause
the Exchange Offer Registration Statement to be effective continuously, and
shall keep the Exchange Offer open for a period of not less than the minimum
period required under applicable federal and state securities laws to Consummate
the Exchange Offer; provided, however, that in no event shall such period be
less than 20 business days. The Company shall cause the Exchange Offer to comply
with all applicable federal and state securities laws. No securities other than
the Exchange Notes shall be included in the Exchange Offer Registration
Statement.

     (c) The Company shall include a "Plan of Distribution" section in the
Prospectus contained in the Exchange Offer Registration Statement and indicate
therein that any Broker-Dealer who holds Transfer Restricted Securities that
were acquired for the account of such Broker-Dealer as a result of market-making
activities or other trading activities (other than Notes acquired directly from
the Company or any Affiliate of the Company), may exchange such Transfer
Restricted Securities pursuant to the Exchange Offer. Such "Plan of
Distribution" section shall also contain all other information with respect to
such sales by such Broker-Dealers that the Commission may require in order to
permit such sales pursuant thereto, but such "Plan of Distribution" shall not
name any such Broker-Dealer or disclose the amount of Transfer Restricted
Securities held by any such Broker-Dealer, except to the extent required by the
Commission as a result of a change in policy, rules or regulations after the
date of this Agreement. See the Shearman & Sterling no-action letter (available
July 2, 1993).

     Because any such Broker-Dealer may be deemed to be an "underwriter" within
the meaning of the Act and must, therefore, deliver a prospectus meeting the
requirements of the Act in connection with its initial sale of any Exchange
Notes received by such Broker-Dealer in the Exchange Offer, the Company shall
permit the use of the Prospectus contained in the Exchange Offer Registration
Statement by such Broker-Dealer to satisfy such prospectus delivery requirement.
To the extent necessary to ensure that the prospectus contained in the Exchange
Offer Registration Statement is available for sales of Exchange Notes by
Broker-Dealers, the Company and the Guarantors agree to use their best efforts
to keep the Exchange Offer Registration Statement continuously effective,
supplemented, amended and current as required by and subject to the provisions
of Section 6(a) and Section 6 (c) hereof and in conformity with the requirements
of this Agreement, the Act and the policies, rules and regulations of the
Commission as announced from time to time, for a period of 180 days from the
Consummation Deadline or such shorter period as will terminate when all Transfer
Restricted Securities covered by such Registration Statement have been sold
pursuant thereto. The Company shall provide sufficient copies of the latest
version of such Prospectus to such Broker-Dealers, promptly upon request, and in
no event later than one day after such request, at any time during such period.

     4. SHELF REGISTRATION

     (a) Shelf Registration. If (i) the Company is not (A) required to file the
Exchange Offer Registration Statement or (B) permitted to Consummate the
Exchange Offer because the Exchange Offer is not permitted by applicable law or
Commission policy (after the Company has complied with the procedures set forth
in Section 6(a)(i) below) or (ii) if any Holder of Transfer

                                       5

<PAGE>

Restricted Securities notifies the Company prior to the 20th day following the
Consummation of the Exchange Offer that (A) it is prohibited by law or
Commission policy from participating in the Exchange Offer or (B) that it may
not resell the Exchange Notes acquired by it in the Exchange Offer to the public
without delivering a prospectus and the prospectus contained in the Exchange
Offer Registration Statement is not appropriate or available for such resales by
such Holder or (C) such Holder is a Broker-Dealer and owns Notes acquired
directly from the Company or one of its Affiliates, then the Company and the
Guarantors shall cause to be filed with the Commission a Shelf Registration
Statement (as defined below) to cover resales of the Notes by the Holders of the
Notes. If the Company and the Guarantors are obligated to file the Shelf
Registration Statement, they will use their best efforts to:

           (i)  cause to be filed the Shelf Registration Statement with the
Commission, on or prior to 90 days after such filing obligation arises, (such
90th day being the "Filing Deadline"), pursuant to Rule 415 under the Act (which
may be an amendment to the Exchange Offer Registration Statement) (the "Shelf
Registration Statement"), relating to all Transfer Restricted Securities the
Holders of which have provided the information required by Section 4(b) below;
provided, however, that in no event shall the Company be required to file such
Shelf Registration Statement prior to 90 days after the date of this Agreement,
and

           (ii) cause such Shelf Registration Statement to be declared effective
by the Commission on or prior to 150 days after the obligation arises for the
Shelf Registration Statement (such 150th day the "Effectiveness Deadline").

      To the extent necessary to ensure that the Shelf Registration Statement
is available for sales of Transfer Restricted Securities by the Holders thereof
entitled to the benefit of this Section 4(a) and the other securities required
to be registered therein pursuant to Section 6(b)(ii) hereof, the Company and
the Guarantors shall use their best efforts to keep any Shelf Registration
Statement required by this Section 4(a) continuously effective, supplemented,
amended and current as required by and subject to the provisions of Section 6(b)
and Section 6(c) hereof and in conformity with the requirements of this
Agreement, the Act and the policies, rules and regulations of the Commission as
announced from time to time, for a period of at least two years (as extended
pursuant to Section 6(c)(i) hereof) following the Closing Date, or such shorter
period as will terminate when all Transfer Restricted Securities covered by such
Shelf Registration Statement have been sold pursuant thereto.

      (b)  Provision by Holders of Certain Information in Connection with the
Shelf Registration Statement. No Holder of Transfer Restricted Securities may
include any of its Transfer Restricted Securities in any Shelf Registration
Statement pursuant to this Agreement unless and until such Holder furnishes to
the Company in writing, within 10 business days after receipt of a request
therefor, the information specified in Item 507 or Item 508 of Regulation S-K,
as applicable, of the Act for use in connection with any Shelf Registration
Statement or Prospectus or preliminary Prospectus included therein. No Holder of
Transfer Restricted Securities shall be entitled to Liquidated Damages pursuant
to Section 5 hereof unless and until such Holder shall have provided all such
information. Each selling Holder agrees to promptly furnish additional
information required to be disclosed in order to make the information previously
furnished to the Company by such Holder not materially misleading.

                                       6

<PAGE>

      5. LIQUIDATED DAMAGES

      If (i) any of the Registration Statements required by this Agreement is
not filed on or before the date specified for such filing, (ii) any of such
Registration Statements is not declared effective by the Commission on or prior
to the date specified for such effectiveness (the "Effectiveness Target Date"),
(iii) the Exchange Offer has not been Consummated within 30 business days of the
Effectiveness Target Date or (iv) any Registration Statement required by this
Agreement is declared effective but thereafter ceases to be effective or usable
for its intended purpose during the period specified herein (each such event
referred to in clauses (i) through (iv), a "Registration Default"), then the
Company and the Guarantors jointly and severally agree to pay liquidated damages
for such Registration Default ("Liquidated Damages") to each Holder of Transfer
Restricted Securities with respect to the first 90-day period immediately
following the occurrence of the first Registration Default in an amount equal to
$0.05 per week per $1,000 in principal amount of Transfer Restricted Securities
held by such Holder. The amount of the Liquidated Damages shall increase by an
additional $0.05 per week per $1,000 in principal amount of Transfer Restricted
Securities with respect to each subsequent 90-day period until all Registration
Defaults have been cured, up to a maximum amount of Liquidated Damages of $0.50
per week per $1,000 in principal amount of Transfer Restricted Securities.
Notwithstanding anything to the contrary set forth herein, (1) upon filing of
the Exchange Offer Registration Statement (and/or, if applicable, the Shelf
Registration Statement), in the case of (i) above, (2) upon the effectiveness of
the Exchange Offer Registration Statement (and/or, if applicable, the Shelf
Registration Statement), in the case of (ii) above, (3) upon Consummation of the
Exchange Offer, in the case of (iii) above, or (4) upon the filing of a
post-effective amendment to the Registration Statement or an additional
Registration Statement that causes the Exchange Offer Registration Statement
(and/or, if applicable, the Shelf Registration Statement) to again be declared
effective or made usable in the case of (iv) above, the Liquidated Damages
payable with respect to the Transfer Restricted Securities as a result of such
clause (i), (ii), (iii) or (iv), as applicable, shall cease.

      All accrued Liquidated Damages shall be paid to the Holders entitled
thereto, in the manner provided for the payment of interest in the Indenture, on
each Interest Payment Date, as more fully set forth in the Indenture and the
Notes.

      6.  REGISTRATION PROCEDURES

      (a) Exchange Offer Registration Statement. In connection with the Exchange
Offer, the Company and the Guarantors shall (x) comply with all applicable
provisions of Section 6(c) below, (y) use their best efforts to effect such
exchange of tendered Notes and to permit the resale of Exchange Notes by any
Broker-Dealer that tendered in the Exchange Offer Notes that such Broker-Dealer
acquired for its own account as a result of its market-making activities or
other trading activities (other than Notes acquired directly from the Company or
any of its Affiliates) being sold in accordance with the intended method or
methods of distribution thereof, and (z) comply with all of the following
provisions:

          (i) If, following the date hereof there has been announced a change in
Commission policy with respect to exchange offers such as the Exchange Offer,
that in the reasonable opinion of counsel to the Company raises a substantial
question as to whether the

                                       7

<PAGE>

Exchange Offer is permitted by applicable federal law, the Company hereby agrees
to seek a no-action letter or other favorable decision from the Commission
allowing the Company to Consummate an Exchange Offer for such Transfer
Restricted Securities. The Company and the Guarantors hereby agree to pursue the
issuance of such a decision to the Commission staff level, but shall not be
required to take commercially unreasonable actions to effect a change of
Commission policy. In connection with the foregoing, the Company and the
Guarantors hereby agree to take all such other actions as may be requested by
the Commission or otherwise required in connection with the issuance of such
decision, including without limitation (A) participating in telephonic
conferences with the Commission, (B) delivering to the Commission staff an
analysis prepared by counsel to the Company setting forth the legal bases, if
any, upon which such counsel has concluded that such an Exchange Offer should be
permitted and (C) diligently pursuing a resolution (which need not be favorable)
by the Commission staff.

          (ii)  As a condition to its participation in the Exchange Offer, each
Holder of Transfer Restricted Securities (including, without limitation, any
Holder who is a Broker-Dealer) shall furnish, upon the request of the Company,
prior to the Consummation of the Exchange Offer, a written representation to the
Company (which may be contained in the letter of transmittal contemplated by the
Exchange Offer Registration Statement) to the effect that (A) it is not an
Affiliate of the Company, (B) it is not engaged in, and does not intend to
engage in, and has no arrangement or understanding with any person to
participate in, a distribution of the Exchange Notes to be issued in the
Exchange Offer and (C) it is acquiring the Exchange Notes in its ordinary course
of business. In addition, all such Holders of Transfer Restricted Securities
shall otherwise cooperate with the Company in the preparation of the Exchange
Offer. As a condition to its participation in the Exchange Offer each Holder
using the Exchange Offer to participate in a distribution of the Exchange Notes
shall acknowledge and agree that, if the resales are of Exchange Notes obtained
by such Holder in exchange for Notes acquired directly from the Company or an
Affiliate thereof, it (1) could not, under Commission policy as in effect on the
date of this Agreement, rely on the position of the Commission enunciated in
Exxon Capital Holdings Corporation (available May 13, 1988) and Morgan Stanley
and Co., Inc. (available June 5, 1991), as interpreted in the Commission's
letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters
(including, if applicable, any no-action letter obtained pursuant to clause (i)
above), and (2) must comply with the registration and prospectus delivery
requirements of the Act in connection with a secondary resale transaction and
that such a secondary resale transaction must be covered by an effective
registration statement containing the selling security holder information
required by Item 507 or Item 508, as applicable, of Regulation S-K.

          (iii) Prior to effectiveness of the Exchange Offer Registration
Statement, the Company and the Guarantors shall provide a supplemental letter to
the Commission (A) stating that the Company and the Guarantors are registering
the Exchange Offer in reliance on the position of the Commission enunciated in
Exxon Capital Holdings Corporation (available May 13, 1988), Morgan Stanley and
Co., Inc. (available June 5, 1991) as interpreted in the Commission's letter to
Shearman & Sterling dated July 2, 1993, and, if applicable, any no-action letter
obtained pursuant to clause (i) above, (B) including a representation that
neither the Company nor any Guarantor has entered into any arrangement or
understanding with any Person to distribute the Exchange Notes to be received in
the Exchange Offer and that, to the best of the Company's and each Guarantor's
information and belief, each Holder participating in the

                                       8

<PAGE>

Exchange Offer is acquiring the Exchange Notes in its ordinary course of
business and has no arrangement or understanding with any Person to participate
in the distribution of the Exchange Notes received in the Exchange Offer and (C)
any other undertaking or representation required by the Commission as set forth
in any no-action letter obtained pursuant to clause (i) above, if applicable.

      (b)  Shelf Registration Statement. In connection with the Shelf
Registration Statement, the Company and the Guarantors shall:

           (i)  comply with all the provisions of Section 6(c) below and use
their reasonable best efforts to effect such registration to permit the sale of
the Transfer Restricted Securities being sold in accordance with the intended
method or methods of distribution thereof (as indicated in the information
furnished to the Company pursuant to Section 4(b) hereof), and pursuant thereto
the Company and the Gurantors will prepare and file with the Commission a
Registration Statement relating to the registration on any appropriate form
under the Act, which form shall be available for the sale of the Transfer
Restricted Securities in accordance with the intended method or methods of
distribution thereof within the time periods and otherwise in accordance with
the provisions hereof, and

           (ii) issue, upon the request of any Holder or purchaser of Notes
covered by any Shelf Registration Statement contemplated by this Agreement,
Exchange Notes having an aggregate principal amount equal to the aggregate
principal amount of Notes sold pursuant to the Shelf Registration Statement and
surrendered to the Company for cancellation; the Company shall register Exchange
Notes on the Shelf Registration Statement for this purpose and issue the
Exchange Notes to the purchasers of securities subject to the Shelf Registration
Statement in such names as such purchasers shall designate.

      (c)  General Provisions. In connection with any Registration Statement and
any related Prospectus required by this Agreement, the Company shall:

           (i)  use its reasonable best efforts to keep such Registration
Statement continuously effective and provide all requisite financial statements
(including, if required by the Act or any regulation thereunder, financial
statements of the Guarantors) for the period specified in Section 3 or Section 4
of this Agreement, as applicable. Upon the occurrence of any event that would
cause any such Registration Statement or the Prospectus contained therein (A) to
contain an untrue statement of material fact or omit to state any material fact
necessary to make the statements therein not misleading or (B) not to be
effective and usable for resale of Transfer Restricted Securities during the
period required by this Agreement, then the Company shall file promptly an
appropriate amendment to such Registration Statement curing such defect, and, if
Commission review is required, use its reasonable best efforts to cause such
amendment to be declared effective as soon as practicable;

           (ii) prepare and file with the Commission such amendments and
post-effective amendments to the applicable Registration Statement as may be
necessary to keep such Registration Statement effective for the applicable
period set forth in Section 3 or Section 4 hereof, as the case may be, or such
shorter period as will terminate when all Transfer Restricted Securities covered
by such Registration Statement have been sold; cause the Prospectus to be

                                       9

<PAGE>

supplemented by any required Prospectus supplement, and as so supplemented to be
filed pursuant to Rule 424 under the Act, and to comply fully with Rules 424,
430A and 462, as applicable, under the Act in a timely manner; and comply with
the provisions of the Act with respect to the disposition of all securities
covered by such Registration Statement during the applicable period in
accordance with the intended method or methods of distribution by the sellers
thereof set forth in such Registration Statement or supplement to the
Prospectus;

           (iii)  if any fact or event contemplated by Section 6(d)(i)(D) below
shall exist or have occurred, prepare a supplement or post-effective amendment
to the Registration Statement or related Prospectus or any document incorporated
therein by reference or file any other required document so that, as thereafter
delivered to the purchasers of Transfer Restricted Securities, the Prospectus
will not contain an untrue statement of a material fact or omit to state any
material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading;

           (iv)   in connection with any sale of Transfer Restricted Securities
that will result in such securities no longer being Transfer Restricted
Securities, cooperate with the Holders to facilitate the timely preparation and
delivery of certificates representing Transfer Restricted Securities to be sold
and not bearing any restrictive legends; and to register such Transfer
Restricted Securities in such denominations and such names as the selling
Holders may request at least two business days prior to such sale of Transfer
Restricted Securities;

           (v)    use its best efforts to cause the disposition of the Transfer
Restricted Securities covered by the Registration Statement to be registered
with or approved by such other governmental agencies or authorities as may be
necessary to enable the seller or sellers thereof to consummate the disposition
of such Transfer Restricted Securities, subject to the proviso contained in
Section 6(d)(ix) below;

           (vi)   provide a CUSIP number for all Transfer Restricted Securities
not later than the effective date of a Registration Statement covering such
Transfer Restricted Securities and provide the Trustee under the Indenture with
printed certificates for the Transfer Restricted Securities which are in a form
eligible for deposit with the Depository Trust Company;

           (vii)  otherwise use its best efforts to comply with all applicable
rules and regulations of the Commission, and make generally available to its
security holders with regard to any applicable Registration Statement, as soon
as practicable, a consolidated earnings statement meeting the requirements of
Rule 158 (which need not be audited) covering a twelve-month period beginning
after the effective date of the Registration Statement (as such term is defined
in paragraph (c) of Rule 158 under the Act);

           (viii) cause the Indenture to be qualified under the TIA not later
than the effective date of the first Registration Statement required by this
Agreement and, in connection therewith, cooperate with the Trustee and the
Holders to effect such changes to the Indenture as may be required for such
Indenture to be so qualified in accordance with the terms of the TIA; and
execute and use its best efforts to cause the Trustee to execute, all documents
that may be required to effect such changes and all other forms and documents
required to be filed with the Commission to enable such Indenture to be so
qualified in a timely manner; and

                                       10

<PAGE>

          (ix) provide promptly to each Holder, upon request, each document
filed with the Commission pursuant to the requirements of Section 13 or Section
15(d) of the Exchange Act.

     (d)  Additional Provisions Applicable to Shelf Registration Statements. In
connection with any Shelf Registration Statement and any related Prospectus
required by this Agreement, the Company shall:

          (i)  advise each selling Holder promptly and, if requested by such
Holder, confirm such advice in writing, (A) when the Prospectus or any
Prospectus supplement or post-effective amendment has been filed, and, with
respect to any applicable Shelf Registration Statement or any post-effective
amendment thereto, when the same has become effective, (B) of any request by the
Commission for amendments to the Shelf Registration Statement or amendments or
supplements to the Prospectus or for additional information relating thereto,
(C) of the issuance by the Commission of any stop order suspending the
effectiveness of the Shelf Registration Statement under the Act or of the
suspension by any state securities commission of the qualification of the
Transfer Restricted Securities for offering or sale in any jurisdiction, or the
initiation of any proceeding for any of the preceding purposes, (D) of the
existence of any fact or the happening of any event that makes any statement of
a material fact made in the Shelf Registration Statement, the Prospectus, any
amendment or supplement thereto or any document incorporated by reference
therein untrue, or that requires the making of any additions to or changes in
the Shelf Registration Statement in order to make the statements therein not
misleading, or that requires the making of any additions to or changes in the
Prospectus in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading. If at any time the
Commission shall issue any stop order suspending the effectiveness of the
Registration Statement, or any state securities commission or other regulatory
authority shall issue an order suspending the qualification or exemption from
qualification of the Transfer Restricted Securities under state securities or
Blue Sky laws, the Company shall use its reasonable best efforts to obtain the
withdrawal or lifting of such order at the earliest possible time;

          (ii) if requested in writing, furnish to each selling Holder, before
filing with the Commission, copies of any Shelf Registration Statement or any
Prospectus included therein or any amendments or supplements to any such Shelf
Registration Statement or Prospectus (including all documents incorporated by
reference after the initial filing of such Shelf Registration Statement), which
documents will be subject to the review and comment of such Holders in
connection with such sale, if any, for a period of at least three business days,
and the Company will not file any such Shelf Registration Statement or
Prospectus or any amendment or supplement to any such Shelf Registration
Statement or Prospectus (including all such documents incorporated by reference)
to which such Holders shall reasonably object within three business days after
the receipt thereof. A selling Holder shall be deemed to have reasonably
objected to such filing if such Shelf Registration Statement, amendment,
Prospectus or supplement, as applicable, as proposed to be filed, contains an
untrue statement of a material fact or omits to state any material fact
necessary to make the statements therein not misleading or fails to comply with
the applicable requirements of the Act;

                                       11

<PAGE>

               (iii)  promptly prior to the filing of any document that is to be
incorporated by reference into a Shelf Registration Statement or Prospectus,
provide copies of such document to each selling Holder in connection with such
sale, if any, make the Company's representatives available for discussion of
such document and other customary due diligence matters, and include such
information in such document prior to the filing thereof as such Holders may
reasonably request;

               (iv)   make available, at reasonable times, for inspection by
each selling Holder and any attorney or accountant retained by such Holders, all
financial and other records, pertinent corporate documents of the Company and
the Guarantors and cause the Company's and the Guarantors' directors and
employees to supply all information reasonably requested by any such Holder,
attorney or accountant in connection with such Registration Statement or any
post-effective amendment thereto subsequent to the filing thereof and prior to
its effectiveness;

               (v)    if requested by any selling Holders in connection with
such sale, promptly include in any Shelf Registration Statement or Prospectus,
pursuant to a supplement or post-effective amendment if necessary, such
information as such Holders may reasonably request to have included therein,
including, without limitation, information relating to the "Plan of
Distribution" of the Transfer Restricted Securities; and make all required
filings of such Prospectus supplement or post-effective amendment as soon as
practicable after the Company is notified of the matters to be included in such
Prospectus supplement or post-effective amendment;

               (vi)   furnish to each selling Holder without charge, at least
one copy of the Shelf Registration Statement, as first filed with the
Commission, and of each amendment thereto, including all documents incorporated
by reference therein and all exhibits (including exhibits incorporated therein
by reference);

               (vii)  deliver to each selling Holder without charge, as many
copies of the Prospectus (including each preliminary prospectus) and any
amendment or supplement thereto as such Holder reasonably may request; the
Company and the Guarantors hereby consent to the use (in accordance with law) of
the Prospectus and any amendment or supplement thereto by each selling Holder in
connection with the offering and the sale of the Transfer Restricted Securities
covered by the Prospectus or any amendment or supplement thereto;

               (viii) upon the request of any selling Holder, enter into such
agreements (including underwriting agreements) and make, and cause the
Guarantors to make, such representations and warranties and take all such other
actions in connection therewith in order to expedite or facilitate the
disposition of the Transfer Restricted Securities pursuant to any applicable
Registration Statement contemplated by this Agreement as may be reasonably
requested by any such Holder in connection with any sale or resale pursuant to
any Shelf Registration Statement. In such connection, the Company and the
Guarantors shall:

                         (A) upon request of any selling Holder, furnish (or in
the case of paragraphs (2) and (3), use its reasonable best efforts to cause to
be furnished) to each Holder, upon the effectiveness of an underwritten Shelf
Registration Statement:

                                       12

<PAGE>

                         (1) a certificate, dated such date, signed by (x) the
     President or any Vice President and (y) a principal financial or accounting
     officer, of each of the Company and the Guarantors, confirming, as of the
     date thereof, matters similar to those set forth in Sections 8(a), 8(b),
     8(c) and 8(j)(i) and (ii) of the Purchase Agreement (as the same may be
     applicable to the Shelf Registration Statement) and such other similar
     matters as such Holders may reasonably request;

                         (2) opinions, dated the date of effectiveness of the
     Shelf Registration Statement, of counsel for the Company covering matters
     similar to those set forth in paragraphs (d) - (g) of Section 8 of the
     Purchase Agreement and such other matters as such Holder may reasonably
     request, and, with respect to the opinion similar to paragraph 8(d) of the
     Purchase Agreement, including a statement to the effect that such counsel
     has participated in conferences with officers and other representatives of
     the Company and the Guarantors, representatives of the independent public
     accountants for the Company and the Guarantors and have considered the
     matters required to be stated therein and the statements contained therein,
     although such counsel has not independently verified the accuracy,
     completeness or fairness of such statements; and that such counsel advises
     that, on the basis of the foregoing (relying as to materiality to a large
     extent upon the opinions of officers and other representatives of the
     Company and the Guarantors), no facts came to such counsel's attention that
     caused such counsel to believe that the Shelf Registration Statement, at
     the time such Shelf Registration Statement or any post-effective amendment
     thereto became effective, contained an untrue statement of a material fact
     or omitted to state a material fact required to be stated therein or
     necessary to make the statements therein not misleading, or that the
     Prospectus contained in such Shelf Registration Statement as of its date
     contained an untrue statement of a material fact or omitted to state a
     material fact necessary in order to make the statements therein, in the
     light of the circumstances under which they were made, not misleading.
     Without limiting the foregoing, such counsel may state further that such
     counsel assumes no responsibility for, and has not independently verified,
     the accuracy, completeness or fairness of the financial statements, notes
     and schedules and other financial data included in any Shelf Registration
     Statement contemplated by this Agreement or the related Prospectus; and

                         (3) a customary comfort letter, dated the date of
     effectiveness of the Shelf Registration Statement, from the Company's
     independent accountants, in the customary form and covering matters of the
     type customarily covered in comfort letters to underwriters in connection
     with underwritten offerings; and

                    (B) deliver such other documents and certificates as may be
reasonably requested by the selling Holders to evidence compliance with the
matters covered in clause (A) above and with any customary conditions contained
in any agreement entered into by the Company pursuant to this clause (viii);

          (ix) prior to any public offering of Transfer Restricted Securities,
cooperate with the selling Holders and their counsel in connection with the
registration and qualification of the Transfer Restricted Securities under the
securities or Blue Sky laws of such jurisdictions as the selling Holders may
reasonably request and do any and all other acts or things necessary or
advisable to enable the disposition in such jurisdictions of the Transfer
Restricted Securities

                                       13

<PAGE>

covered by the Shelf Registration Statement; provided, however, that neither the
Company nor any Guarantor shall be required to register or qualify as a foreign
corporation where it is not now so qualified or to take any action that would
subject it to the service of process in suits or to taxation, other than as to
matters and transactions relating to the Shelf Registration Statement, in any
jurisdiction where it is not now so subject.

     (e)  Restrictions on Holders. Each Holder agrees by acquisition of a
Transfer Restricted Security that, upon receipt of any notice referred to in
Section 6(d)(i)(C) or any notice from the Company of the existence of any fact
of the kind described in Section 6(d)(i)(D) hereof (in each case, a "Suspension
Notice"), such Holder will forthwith discontinue disposition of Transfer
Restricted Securities pursuant to the Shelf Registration Statement until (i)
such Holder has received copies of the supplemented or amended Prospectus
contemplated by Section 6(c)(iii) hereof, or (ii) such Holder is advised in
writing by the Company that the use of the Prospectus may be resumed, and has
received copies of any additional or supplemental filings that are incorporated
by reference in the Prospectus (in each case, the "Recommencement Date"). Each
Holder receiving a Suspension Notice hereby agrees that it will either (i)
destroy any Prospectuses, other than permanent file copies, then in such
Holder's possession which have been replaced by the Company with more recently
dated Prospectuses or (ii) deliver to the Company (at the Company's expense) all
copies, other than permanent file copies, then in such Holder's possession of
the Prospectus covering such Transfer Restricted Securities that was current at
the time of receipt of the Suspension Notice. The time period regarding the
effectiveness of such Shelf Registration Statement set forth in Section 4 hereof
shall be extended by a number of days equal to the number of days in the period
from and including the date of delivery of the Suspension Notice to the
Recommencement Date.

     7. REGISTRATION EXPENSES

     (a)  All expenses incident to the Company's or the Guarantors' performance
of or compliance with this Agreement will be borne by the Company or the
Guarantors, regardless of whether a Registration Statement becomes effective,
including without limitation: (i) all registration and filing fees and expenses;
(ii) all fees and expenses of compliance with federal securities and state Blue
Sky or securities laws; (iii) all expenses of printing (including printing
certificates for the Exchange Notes to be issued in the Exchange Offer and
printing of Prospectuses, messenger and delivery services and telephone); (iv)
all fees and disbursements of counsel for the Company, the Guarantors and,
subject to Section 7(b) below, the Holders of Transfer Restricted Securities;
(v) all application and filing fees in connection with listing the Exchange
Notes on a national securities exchange or automated quotation system pursuant
to the requirements hereof; (vi) all fees and disbursements of independent
certified public accountants of the Company and the Guarantors (including the
expenses of any special audit and comfort letters required by or incident to
such performance); and (vii) all reasonable fees and expenses of the Trustee and
any exchange agent (including all reasonable fees and expenses of their
counsel).

     The Company will, in any event, bear its and the Guarantors' internal
expenses (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), the expenses of
any annual audit and the fees and expenses of any Person, including special
experts, retained by the Company.

                                       14

<PAGE>

     (b)  In connection with any Registration Statement required by this
Agreement (including, without limitation, the Exchange Offer Registration
Statement and the Shelf Registration Statement), the Company will reimburse the
Initial Purchasers and the Holders of Transfer Restricted Securities who are
tendering Notes into in the Exchange Offer and/or selling or reselling Notes or
Exchange Notes pursuant to the "Plan of Distribution" contained in the Exchange
Offer Registration Statement or the Shelf Registration Statement, as applicable,
for the reasonable fees and disbursements of not more than one counsel, who
shall be Latham & Watkins, unless another firm shall be chosen by the Holders of
a majority in principal amount of the Transfer Restricted Securities for whose
benefit such Registration Statement is being prepared.

     8. INDEMNIFICATION

     (a)  The Company and each Guarantor jointly and severally agree to
indemnify and hold harmless each Holder, its directors, officers and each
Person, if any, who controls such Holder (within the meaning of Section 15 of
the Act or Section 20 of the Exchange Act), from and against any and all losses,
claims, damages, liabilities, judgments (including without limitation, any legal
or other reasonable expenses incurred in connection with investigating or
defending any matter, including any action that could give rise to any such
losses, claims, damages, liabilities or judgments) caused by any untrue
statement or alleged untrue statement of a material fact contained in any
Registration Statement, preliminary prospectus or Prospectus (or any amendment
or supplement thereto) provided by the Company to any Holder or any prospective
purchaser of Exchange Notes or registered Notes, or caused by any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, except insofar as
such losses, claims, damages, liabilities or judgments are caused by an untrue
statement or omission or alleged untrue statement or omission that is based upon
information relating to any Holder furnished in writing to the Company by such
Holder expressly for use in connection therewith. The foregoing indemnity
agreement shall be in addition to any liability which the Company and the
Guarantors may otherwise have.

     (b)  Each Holder agrees, severally and not jointly, to indemnify and hold
harmless the Company and the Guarantors and their directors and officers, and
each person, if any, who controls (within the meaning of Section 15 of the Act
or Section 20 of the Exchange Act) the Company or any Guarantor to the same
extent as the foregoing indemnity from the Company and the Guarantors set forth
in section (a) above, but only with respect to information relating to such
Holder furnished in writing to the Company by such Holder expressly for use in
any Registration Statement, preliminary prospectus or Prospectus (or any
amendment or supplement thereto). In no event shall any Holder, its directors,
officers or any Person who controls such Holder be liable or responsible for any
amount in excess of the amount by which the total amount received by such Holder
with respect to its sale of Transfer Restricted Securities pursuant to a
Registration Statement exceeds (i) the amount paid by such Holder for such
Transfer Restricted Securities and (ii) the amount of any damages that such
Holder, its directors, officers or any Person who controls such Holder has
otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission.

                                       15

<PAGE>

     (c)  In case any action shall be commenced involving any person in respect
of which indemnity may be sought pursuant to Section 8(a) or Section 8(b) (the
"indemnified party"), the indemnified party shall promptly notify the person
against whom such indemnity may be sought (the "indemnifying person") in writing
and the indemnifying party shall assume the defense of such action, including
the employment of counsel reasonably satisfactory to the indemnified party and
the payment of all fees and expenses of such counsel, as incurred (except that
in the case of any action in respect of which indemnity may be sought pursuant
to both Sections 8(a) and 8(b), a Holder shall not be required to assume the
defense of such action pursuant to this Section 8(c), but may employ separate
counsel and participate in the defense thereof, but the fees and expenses of
such counsel, except as provided below, shall be at the expense of the Holder).
Any indemnified party shall have the right to employ separate counsel in any
such action and participate in the defense thereof, but the fees and expenses of
such counsel shall be at the expense of the indemnified party unless (i) the
employment of such counsel shall have been specifically authorized in writing by
the indemnifying party, (ii) the indemnifying party shall have failed to assume
the defense of such action or employ counsel reasonably satisfactory to the
indemnified party or (iii) the named parties to any such action (including any
impleaded parties) include both the indemnified party and the indemnifying
party, and the indemnified party shall have been advised by such counsel and
shall have provided notice to the indemnifying party of such advice of counsel
that there may be one or more legal defenses available to it which are different
from or additional to those available to the indemnifying party and that the
assertion of any such different or additional defense by the indemnified party
would be inconsistent with the defenses asserted by the indemnifying party (in
which case the indemnifying party shall not have the right to assume the defense
of such action on behalf of the indemnified party). In any such case, the
indemnifying party shall not, in connection with any one action or separate but
substantially similar or related actions in the same jurisdiction arising out of
the same general allegations or circumstances, be liable for the reasonable fees
and expenses of more than one separate firm of attorneys (in addition to any
local counsel) for all indemnified parties and all such reasonable fees and
expenses shall be reimbursed as they are incurred. Such firm shall be designated
in writing by a majority of the Holders, in the case of the parties indemnified
pursuant to Section 8(a), and by the Company in the case of parties indemnified
pursuant to Section 8(b). The indemnifying party shall indemnify and hold
harmless the indemnified party from and against any and all losses, claims,
damages, liabilities and judgments by reason of any settlement of any action
effected with its written consent which consent shall not be unreasonably
withheld. No indemnifying party shall, without the prior written consent of the
indemnified party, effect any settlement or compromise of, or consent to the
entry of judgment with respect to, any pending or threatened action in respect
of which the indemnified party is or could have been a party and indemnity or
contribution may be or could have been sought hereunder by the indemnified
party, unless such settlement, compromise or judgment (i) includes an
unconditional release of the indemnified party from all liability on claims that
are or could have been the subject matter of such action and (ii) does not
include a statement as to or an admission of fault, culpability or a failure to
act, by or on behalf of the indemnified party.

     (d) To the extent that the indemnification provided for in this Section 8
is unavailable to an indemnified party in respect of any losses, claims,
damages, liabilities or judgments referred to therein, then each indemnifying
party, in lieu of indemnifying such indemnified party, shall contribute to the
amount paid or payable by such indemnified party as a result of such losses,
claims, damages, liabilities or judgments (i) in such proportion as is
appropriate to reflect

                                       16

<PAGE>

the relative benefits received by the Company and the Guarantors, on the one
hand, and the Holders, on the other hand, from the sale of Transfer Restricted
Securities or (ii) if the allocation provided by clause 8(d)(i) is not permitted
by applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in clause 8(d)(i) above but also the relative
fault of the Company and the Guarantors, on the one hand, and of the Holders, on
the other hand, in connection with the statements or omissions which resulted in
such losses, claims, damages, liabilities or judgments, as well as any other
relevant equitable considerations. The relative fault of the Company and the
Guarantors, on the one hand, and of the Holders, on the other hand, shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state
a material fact relates to information supplied by the Company and the
Guarantors, on the one hand, or by the Holders, on the other hand, and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The amount paid or payable by a
party as a result of the losses, claims, damages, liabilities and judgments
referred to above shall be deemed to include, subject to the limitations set
forth in the second paragraph of Section 8(a), any legal or other fees or
expenses reasonably incurred by such party in connection with investigating or
defending any action or claim.

     The Company, the Guarantors and each Holder agree that it would not be just
and equitable if contribution pursuant to this Section 8(d) were determined by
pro rata allocation (even if the Holders were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in the immediately preceding paragraph. The
amount paid or payable by an indemnified party as a result of the losses,
claims, damages, liabilities or judgments referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any matter, including any
action that could have given rise to such losses, claims, damages, liabilities
or judgments. Notwithstanding the provisions of this Section 8, no Holder, its
directors, its officers or any Person, if any, who controls such Holder shall be
required to contribute, in the aggregate, any amount in excess of the amount by
which the total received by such Holder with respect to the sale of Transfer
Restricted Securities pursuant to a Registration Statement exceeds (i) the
amount paid by such Holder for such Transfer Restricted Securities and (ii) the
amount of any damages which such Holder has otherwise been required to pay by
reason of such untrue or alleged untrue statement or omission or alleged
omission. No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation. The Holders'
obligations to contribute pursuant to this Section 8(d) are several in
proportion to the respective principal amount of Transfer Restricted Securities
held by each Holder hereunder and not joint.

     9. RULE 144A AND RULE 144

     The Company agrees with each Holder, for so long as any Transfer Restricted
Securities remain outstanding and during any period in which the Company (i) is
not subject to Section 13 or 15(d) of the Exchange Act, to make available, upon
request of any Holder, to such Holder or beneficial owner of Transfer Restricted
Securities in connection with any sale thereof and any prospective purchaser of
such Transfer Restricted Securities designated by such Holder or

                                       17

<PAGE>

beneficial owner, the information required by Rule 144A(d)(4) under the Act in
order to permit resales of such Transfer Restricted Securities pursuant to Rule
144A, and (ii) is subject to Section 13 or 15 (d) of the Exchange Act, to make
all filings required thereby in a timely manner in order to permit resales of
such Transfer Restricted Securities pursuant to Rule 144.

     10. MISCELLANEOUS

     (a)  Remedies. The Company and the Guarantors acknowledge and agree that
any failure by the Company and the Guarantors to comply with their obligations
under Sections 3 and 4 hereof may result in material irreparable injury to the
Initial Purchasers or the Holders for which there is no adequate remedy at law,
that it will not be possible to measure damages for such injuries precisely and
that, in the event of any such failure, the Initial Purchasers or any Holder may
obtain such relief as may be required to specifically enforce the Company's
obligations under Sections 3 and 4 hereof. The Company and the Guarantors
further agree to waive the defense in any action for specific performance that a
remedy at law would be adequate.

     (b)  No Inconsistent Agreements. The Company will not, and will cause the
Guarantors not to, on or after the date of this Agreement, enter into any
agreement with respect to its securities that is inconsistent with the rights
granted to the Holders in this Agreement or otherwise conflicts with the
provisions hereof. Neither the Company nor any Guarantor has previously entered
into any agreement granting any registration rights with respect to its
securities to any Person which remains in effect as of the date hereof. The
rights granted to the Holders hereunder do not in any way conflict with and are
not inconsistent with the rights granted to the holders of the Company's or any
Guarantor's securities under any agreement in effect on the date hereof.

     (c)  Amendments and Waivers. The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to or departures from
the provisions hereof may not be given unless (i) in the case of Section 5
hereof and this Section 10(c)(i), the Company has obtained the written consent
of each Holder of an outstanding Transfer Restricted Security affected hereby
and (ii) in the case of all other provisions hereof, the Company has obtained
the written consent of Holders of a majority of the outstanding principal amount
of Transfer Restricted Securities (excluding Transfer Restricted Securities held
by the Company or its Affiliates). Notwithstanding the foregoing, a waiver or
consent to departure from the provisions hereof that relates exclusively to the
rights of Holders whose Transfer Restricted Securities are being tendered
pursuant to the Exchange Offer, and that does not affect directly or indirectly
the rights of other Holders whose Transfer Restricted Securities are not being
tendered pursuant to such Exchange Offer, may be given by the Holders of a
majority of the outstanding principal amount of Transfer Restricted Securities
subject to such Exchange Offer.

     (d)  Third Party Beneficiary. The Holders shall be third party
beneficiaries to the agreements made hereunder between the Company and the
Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and
shall have the right to enforce such agreements directly to the extent they may
deem such enforcement necessary or advisable to protect its rights or the rights
of Holders hereunder.

                                       18

<PAGE>

     (e)  Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, first-class mail
(registered or certified, return receipt requested), telex, telecopier, or air
courier guaranteeing overnight delivery:

          (i)  if to a Holder, at the address set forth on the records of the
Registrar under the Indenture, with a copy to the Registrar under the Indenture;
and

          (ii) if to the Company:

                  AmeriCredit Corp.
                  801 Cherry St.
                  Suite 3900
                  Fort Worth, Texas 76102
                  Attention: Chris Choate, Esq.

                  With a copy to:
                  Jenkens & Gilchrist
                  1445 Ross Avenue
                  Suite 3200
                  Dallas, Texas 75202
                  Telecopier No.: 214-855-4300
                  Attention: L. Steven Leshin, Esq.

     All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; five business
days after being deposited in the mail, postage prepaid, if mailed; when receipt
acknowledged, if telecopied; and on the next business day, if timely delivered
to an air courier guaranteeing overnight delivery.

     Copies of all such notices, demands or other communications shall be
concurrently delivered by the Person giving the same to the Trustee at the
address specified in the Indenture.

     (f)  Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of each of the parties, including
without limitation and without the need for an express assignment, subsequent
Holders; provided that nothing herein shall be deemed to permit any assignment,
transfer or other disposition of Transfer Restricted Securities in violation of
the terms hereof or of the Purchase Agreement or the Indenture. If any
transferee of any Holder shall acquire Transfer Restricted Securities in any
manner, whether by operation of law or otherwise, such Transfer Restricted
Securities shall be held subject to all of the terms of this Agreement, and by
taking and holding such Transfer Restricted Securities such Person shall be
conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement, including the restrictions on resale set
forth in this Agreement and, if applicable, the Purchase Agreement, and such
Person shall be entitled to receive the benefits hereof.

     (g)  Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be

                                       19

<PAGE>

deemed to be an original and all of which taken together shall constitute one
and the same agreement.

     (h)  Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

     (i)  Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE
CONFLICT OF LAW RULES THEREOF.

     (j)  Severability. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held
invalid, illegal or unenforceable, the validity, legality and enforceability of
any such provision in every other respect and of the remaining provisions
contained herein shall not be affected or impaired thereby.

     (k)  Entire Agreement. This Agreement, together with the other Operative
Documents (as defined in the Purchase Agreement), is intended by the parties as
a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to
herein with respect to the registration rights granted by the Company with
respect to the Transfer Restricted Securities. This Agreement supersedes all
prior agreements and understandings between the parties with respect to such
subject matter.

                            [Signature Page Follows]

                                       20

<PAGE>

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

                                   Company:

                                   AmeriCredit Corp.

                                   By: ____________________________
                                       Name:
                                       Title:

Initial Purchasers:

Bear, Stearns & Co. Inc.

By: ______________________________
    Name:
    Title:

Deutsche Bank Securities Inc.

By: ______________________________
    Name:
    Title:

J.P. Morgan Securities Inc.

By: ______________________________
    Name:
    Title:

RBC Dominion Securities Corporation

By: ______________________________
    Name:
    Title:

<PAGE>

<TABLE>
<S>                                               <C>
Americredit Corporation of California             AmeriCredit Financial Services, Inc.

By: ______________________________________        By: ______________________________________
    Name: Preston A. Miller                           Name: Preston A. Miller
    Title: Executive Vice President                   Title: Executive Vice President
            and Treasurer                                     and Treasurer

AmeriCredit Flight Operations, LLC                AmeriCredit Management Company

By: ______________________________________        By: ______________________________________
    Name: Preston A. Miller                           Name: Preston A. Miller
    Title: Executive Vice President                   Title: Executive Vice President
            and Treasurer                                     and Treasurer

AmeriCredit Consumer Discount Company             ACF Investment Corp.

By: ______________________________________        By: ______________________________________
    Name: Preston A. Miller                           Name: Preston A. Miller
    Title: Executive Vice President                   Title: Executive Vice President
            and Treasurer                                     and Treasurer

AmeriCredit Financial Services of Canada Ltd.     AmeriCredit NS I Co.

By: ______________________________________        By: ______________________________________
    Name: Preston A. Miller                           Name: Preston A. Miller
    Title: Executive Vice President                   Title: Executive Vice President
            and Treasurer                                     and Treasurer

AmeriCredit Service Center Ltd.                   AmeriCredit NS II Co.

By: ______________________________________        By: ______________________________________
    Name: Preston A. Miller                           Name: Preston A. Miller
    Title: Executive Vice President                   Title: Executive Vice President
            and Treasurer                                     and Treasurer
</TABLE>

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