Document:

<PAGE>   1

                                                                     Exhibit 4.1

                                                                  EXECUTION COPY

                      FLEET BANK (RI), NATIONAL ASSOCIATION

                               Seller and Servicer

                                       and

                              BANKERS TRUST COMPANY

                                     Trustee

                on behalf of the Series 2000-C Certificateholders

                            SERIES 2000-C SUPPLEMENT

                           Dated as of August 25, 2000

                                       to

              AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT

                          Dated as of December 1, 1993,

                     as Amended and Restated on May 23, 1994

                        FLEET CREDIT CARD MASTER TRUST II

                                  SERIES 2000-C
<PAGE>   2
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                      PAGE
<S>                                                                                                   <C>
                                    ARTICLE I
                  Creation of the Series 2000 - C Certificates

Section 1.1       Designation .....................................................................      1

                                   ARTICLE II
                                   Definitions

Section 2.1       Definitions .....................................................................      2

                                   ARTICLE III
                              Servicer and Trustee

Section 3.1       Servicing Compensation ..........................................................     18

                                   ARTICLE IV
    Rights of Series 2000-C Certificateholders and Collateral Interest Holder
                  and Allocation and Application of Collections

Section 4.1       Collections and Allocations .....................................................     19

Section 4.2       Determination of Monthly Interest ...............................................     21

Section 4.3       Determination of Monthly Principal ..............................................     23

Section 4.4       Required Amount .................................................................     24

Section 4.5       Application of Class A Available Funds, Class B Available Funds,
                  Collateral Available Funds and Available Investor Principal Collections .........     25

Section 4.6       Defaulted Amounts; Investor Charge-Offs .........................................     27

Section 4.7       Excess Spread; Excess Finance Charges ...........................................     28

Section 4.8       Reallocated Principal Collections ...............................................     30

Section 4.9       Excess Finance Charges ..........................................................     30

Section 4.10      Shared Principal Collections ....................................................     31

Section 4.11      Determination of LIBOR ..........................................................     31

Section 4.12      Principal Funding Account .......................................................     32

Section 4.13      Accumulation Period .............................................................     33

Section 4.14      Reserve Account .................................................................     33

Section 4.15      Swap Reserve Fund ...............................................................     35

Section 4.16.     Interest Rate Swap ..............................................................     37

Section 4.17.     Interest Reserve Account ........................................................     39
</TABLE>
<PAGE>   3
                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                                                      PAGE
<S>                                                                                                   <C>
                                    ARTICLE V
          Distributions and Reports to Series 2000-C Certificateholders

Section 5.1       Distributions ...................................................................     41

Section 5.2       Certificates and Statements .....................................................     42

                                   ARTICLE VI
                          Series 2000-C Pay Out Events

Section 6.1       Series 2000-C Pay Out Events ....................................................     43

                                   ARTICLE VII
                     Optional Repurchase; Series Termination

Section 7.1       Optional Repurchase .............................................................     44

Section 7.2       Series Termination ..............................................................     44

                                  ARTICLE VIII
                               Final Distributions

Section 8.1       Sale of Receivables or Certificateholders' Interest Pursuant to Section 2.06
                  or 10.01 of the Agreement .......................................................     45

Section 8.2       Distribution of Proceeds of Sale, Disposition or Liquidation of the Receivables
                  Pursuant to Section 9.02 of the Agreement .......................................     46

Section 8.3       Instructions Pursuant to Section 9.02(a) of the Agreement .......................     47

                                   ARTICLE IX
                                  Certificates

Section 9.1       Book-Entry Certificates .........................................................     48

                                    ARTICLE X
                            Miscellaneous Provisions

Section 10.1.     Certain Matters Regarding the Collateral Interest Holder ........................     48

Section 10.2      Ratification of Agreement .......................................................     48

Section 10.3      Counterparts ....................................................................     48

Section 10.4      Governing Law ...................................................................     48

Section 10.5      Notices .........................................................................     48

Section 10.6      Amendments ......................................................................     48

Section 10.7.     Uncertificated Securities .......................................................     49

Section 10.8.     Transfers of the Collateral Interest ............................................     49
</TABLE>

                                       ii
<PAGE>   4

                               TABLE OF CONTENTS
                                  (continued)

                                                                            PAGE

EXHIBITS

EXHIBIT A-1       Form of Class A Certificate

EXHIBIT A-2       Form of Class B Certificate

EXHIBIT B         Form of Monthly Payment Instructions

EXHIBIT C         Form of Monthly Certificateholders' Statement

EXHIBIT D         Form of Investment Letter

                                      iii
<PAGE>   5
                  SERIES 2000-C SUPPLEMENT, dated as of August 25, 2000 (the
"Supplement"), among FLEET BANK (RI), NATIONAL ASSOCIATION, a national banking
association, as Seller and Servicer by assignment from ADVANTA NATIONAL BANK
pursuant to an Assignment and Assumption Agreement dated as of February 20,
1998, and BANKERS TRUST COMPANY, a New York banking corporation, as Trustee.

                  Pursuant to the Amended and Restated Pooling and Servicing
Agreement dated as of December 1, 1993, as Amended and Restated on May 23, 1994
(and as subsequently amended and supplemented, including by the terms of this
Supplement, the "Agreement"), among Fleet Bank (RI), National Association
(successor to Advanta National Bank), as Seller and Servicer, and the Trustee,
the Fleet Credit Card Master Trust II (formerly known as ADVANTA Credit Card
Master Trust II) (the "Trust") has been created. Section 6.03 of the Agreement
provides that the Seller may from time to time direct the Trustee to
authenticate one or more new Series of Investor Certificates representing
fractional undivided interests in the Trust. The Principal Terms of any new
Series are to be set forth in a Supplement to the Agreement.

                  Pursuant to this Supplement, the Seller and the Trustee shall
create a new Series of Investor Certificates and specify the Principal Terms
thereof.

                                    ARTICLE I
                  Creation of the Series 2000 - C Certificates

                  Section 1.1  Designation.

                  (a) There is hereby created a Series of Investor Certificates
to be issued pursuant to the Agreement and this Supplement to be known as "Fleet
Credit Card Master Trust II, Series 2000-C." The Series of Investor Certificates
created hereby shall be issued in two Classes. The first Class shall be known as
the "Class A 7.02% Asset Backed Certificates, Series 2000-C," and the second
Class shall be known as the "Class B Floating Rate Asset Backed Certificates,
Series 2000-C." In addition, there is hereby created a third Class of interests
in the Trust which, except as expressly provided herein, shall be deemed to be
"Investor Certificates" for all purposes under the Agreement and this Supplement
and shall be in uncertificated form and which shall be known as the "Collateral
Interest, Series 2000-C." The Collateral Interest Holder shall be the Series
Enhancer for Series 2000-C.

                  (b) Series 2000-C shall be included in Group One. Series
2000-C shall be a Principal Sharing Series with respect to Group One only.
Series 2000-C shall not be subordinated to any other Series. Notwithstanding any
provision in the Agreement or in this Supplement to the contrary, the first
Distribution Date with respect to Series 2000-C shall be the October 2000
Distribution Date, and references herein to the Monthly Period relating to the
October 2000 Distribution Date shall mean the period from the Closing Date
through the end of September 2000.

                  (c) In the event that any term or provision contained herein
shall conflict with or be inconsistent with any term or provision contained in
the Agreement, the terms and provisions of this Supplement shall govern.
<PAGE>   6
                  (d) The Collateral Interest Holder, as holder of an "Investor
Certificate" under the Agreement, shall be entitled to the benefits of the
Agreement and this Supplement. Notwithstanding the foregoing, except as
expressly provided herein, (i) the provisions of Article VI and Article XII of
the Agreement relating to the execution, authentication, delivery, presentation,
cancellation and surrender of Registered Certificates and clauses (a) and (c) of
the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be
applicable to the Collateral Interest, and (ii) the provisions of Section 3.07
of the Agreement shall not cause the Collateral Interest to be treated as debt
for federal, state and local income and franchise tax purposes, but rather the
Seller intends, and together with the Collateral Interest Holder, agrees to
treat the Collateral Interest for federal, state and local income and franchise
tax purposes as representing an equity interest in the assets of the Trust.

                                   ARTICLE II
                                   Definitions

                  Section 2.1  Definitions.

                  (a) Whenever used in this Supplement, the following words and
phrases shall have the following meanings, and the definitions of such terms are
applicable to the singular as well as the plural forms of such terms and the
masculine as well as the feminine and neuter genders of such terms.

                  "Accumulation Date" shall mean the close of business on
October 31, 2004.

                  "Accumulation Period" shall mean, unless a Pay Out Event with
respect to Series 2000-C shall have occurred prior thereto, the period
commencing on the Accumulation Date or such later date as is determined in
accordance with Section 4.13 and ending on the first to occur of (a) the
commencement of the Rapid Accumulation Period, (b) the commencement of the Rapid
Amortization Period, (c) the payment in full to the Series 2000-C Holders of the
Investor Amount or (d) the Series Termination Date.

                  "Accumulation Period Length" shall have the meaning specified
in Section 4.13.

                  "Additional Interest" shall mean, at any time of
determination, the Class A Additional Interest, the Class B Additional Interest
and the Collateral Additional Interest.

                  "Assignee" shall have the meaning specified in subsection
10.8(a).

                  "Available Investor Principal Collections" shall mean, with
respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount
equal to the Principal Allocation Percentage of all Collections of Principal
Receivables received during such Monthly Period minus (ii) the amount of
Reallocated Principal Collections with respect to such Monthly Period which
pursuant to Section 4.8 are required to fund any deficiency in the amounts to be
distributed pursuant to Sections 4.5(a)(i), (ii), (iii) and (iv), 4.5(b)(i) and
(ii) and 4.7(d) for the related Distribution Date, plus (b) any Shared Principal
Collections with respect to other Series in Group One that are allocated to
Series 2000-C in accordance with Section 4.04 of the

                                       2
<PAGE>   7
Agreement and Section 4.10 hereof, plus (c) any other amounts which pursuant to
subsection 4.5(a)(iv) (including any amounts allocated with respect thereto
pursuant to subsection 4.7(a)) and Section 4.7 hereof are to be treated as
Available Investor Principal Collections with respect to the related
Distribution Date.

                  "Average Principal Balance" shall mean, for any Monthly Period
in which an Addition Date occurs, the weighted average of the sum of the
Principal Receivables in the Trust and the principal amount on deposit in the
Excess Funding Account at the end of the day on the last day of the prior
Monthly Period and the sum of the Principal Receivables in the Trust and the
principal amount on deposit in the Excess Funding Account at the end of the day
on the related Addition Date, weighted, respectively, by a fraction, the
numerator of which is the number of days from and including the first day of
such Monthly Period, to but excluding the related Addition Date, and the
denominator of which is the number of days in such Monthly Period, and by a
fraction, the numerator of which is the number of days from and including the
related Addition Date to and including the last day of such Monthly Period, and
the denominator of which is the number of days in such Monthly Period.

                  "Available Swap Reserve Fund Amount" shall mean, with respect
to any Transfer Date, the lesser of (a) the amount on deposit in the Swap
Reserve Fund on such date (after taking into account any interest and earnings
retained in the Swap Reserve Fund pursuant to subsection 4.15(b) on such date),
and (b) the Required Swap Reserve Fund Amount.

                  "Bank" shall mean Fleet Bank (RI), National Association.

                  "Base Rate" shall mean, with respect to any Monthly Period,
the annualized percentage equivalent of a fraction, the numerator of which is
equal to the sum of the Class A Monthly Interest, the Class B Monthly Interest,
the Collateral Minimum Monthly Interest, the Net Swap Payment, if any, each for
the related Interest Period, less the Net Swap Receipt, if any, deposited in the
Collection Account for such Interest Period, and the Monthly Servicing Fee with
respect to the related Distribution Date and the denominator of which is the
Investor Amount as of the last day of the preceding Monthly Period.

                  "Class A Additional Interest" shall have the meaning specified
in subsection 4.2(a).

                  "Class A Available Funds" shall mean, with respect to any
Monthly Period, an amount equal to the sum of (a) the Class A Floating
Percentage of the Collections of Finance Charge Receivables allocated to Series
2000-C (including any amounts that are to be treated as Collections of Finance
Charge Receivables in accordance with the Agreement), (b) the amount of
Principal Funding Investment Proceeds, if any, with respect to such Distribution
Date, (c) the amount of funds, if any, to be withdrawn from the Reserve Account
which, pursuant to Section 4.14, are required to be included in Class A
Available Funds with respect to such Distribution Date, (d) the Net Swap
Receipt, if any, deposited in the Collection Account with respect to such
Monthly Period and any previously due but not paid Net Swap Receipts deposited
in the Collection Account with respect to such Monthly Period, (e) amounts, if
any, to be withdrawn from the Swap Reserve Fund which will be deposited into the
Collection Account on the related Transfer Date pursuant to subsection 4.15(d),
and (f) amounts, if any, to be withdrawn from the

                                       3
<PAGE>   8
Interest Reserve Account and deposited into the Collection Account on the
related Transfer Date pursuant to subsection 4.17(c).

                  "Class A Certificate Rate" shall mean 7.02% per annum.

                  "Class A Certificateholder" shall mean the Person in whose
name a Class A Certificate is registered in the Certificate Register.

                  "Class A Certificates" shall mean any one of the Certificates
executed by the Seller and authenticated by or on behalf of the Trustee,
substantially in the form of Exhibit A-1.

                  "Class A Expected Final Distribution Date" shall mean the
August 2005 Distribution Date.

                  "Class A Floating Percentage" shall mean, with respect to any
Monthly Period, the percentage equivalent (which percentage shall never exceed
100%) of a fraction, the numerator of which is equal to the Class A Invested
Amount as of the close of business on the last day of the preceding Monthly
Period and the denominator of which is equal to the Invested Amount as of such
day; provided, however, that with respect to the first Monthly Period, the Class
A Floating Percentage shall mean the percentage equivalent of a fraction, the
numerator of which is the Class A Initial Invested Amount and the denominator of
which is the Initial Invested Amount.

                  "Class A Initial Invested Amount" shall mean $529,750,000.

                  "Class A Interest Shortfall" shall have the meaning specified
in subsection 4.2(a).

                  "Class A Invested Amount" shall mean, on any date of
determination, an amount equal to (a) the Class A Initial Invested Amount, minus
(b) the aggregate amount of principal payments made to the Class A
Certificateholders on or prior to such date, minus (c) the excess, if any, of
the aggregate amount of Class A Investor Charge-Offs for all prior Distribution
Dates over the aggregate amount of Class A Investor Charge-Offs reimbursed
pursuant to subsection 4.6(a) prior to such date minus (d) the Principal Funding
Account Balance (but not in excess of the Class A Initial Invested Amount) on
such date.

                  "Class A Investor Amount" shall mean, on any date of
determination, an amount equal to the sum of (a) the Class A Invested Amount and
(b) the Principal Funding Account Balance (but not in excess of the Class A
Initial Invested Amount).

                  "Class A Investor Charge-Off" shall have the meaning specified
in Section 4.6(a).

                  "Class A Investor Default Amount" shall mean, with respect to
each Distribution Date, an amount equal to the product of (i) the Investor
Default Amount for the related Monthly Period and (ii) the Class A Floating
Percentage for such Monthly Period.

                  "Class A Monthly Interest" shall have the meaning specified in
Section 4.2(a).

                  "Class A Monthly Principal" shall have the meaning specified
in Section 4.3(a).

                                       4
<PAGE>   9
                  "Class A Penalty Rate" shall mean the sum of the Class A
Certificate Rate and 2.00% per annum.

                  "Class A Principal Percentage" shall mean, with respect to any
Monthly Period (i) during the Revolving Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class A Invested Amount as of the last day of the immediately preceding Monthly
Period and the denominator of which is the Invested Amount as of such day and
(ii) after the Revolving Period, the percentage equivalent (which percentage
shall never exceed 100%) of a fraction, the numerator of which is the Class A
Invested Amount as of the last day of the Revolving Period, and the denominator
of which is the Invested Amount as of such last day; provided, however, that
with respect to the first Monthly Period, the Class A Principal Percentage shall
mean the percentage equivalent of a fraction, the numerator of which is the
Class A Initial Invested Amount and the denominator of which is the Initial
Invested Amount.

                  "Class A Required Amount" shall have the meaning specified in
Section 4.4(a).

                  "Class A Servicing Fee" shall have the meaning specified in
Section 3.1.

                  "Class B Additional Interest" shall have the meaning specified
in Section 4.2(b).

                  "Class B Available Funds" shall mean, with respect to any
Monthly Period, an amount equal to the Class B Floating Percentage of the
Collections of Finance Charge Receivables allocated to Series 2000-C (including
any amounts that are to be treated as Collections of Finance Receivables in
accordance with the Agreement).

                  "Class B Certificate Rate" shall mean, for any Interest Period
with respect to the Class B Certificates, a per annum rate equal to LIBOR as of
the LIBOR Determination Date for such Interest Period plus the Class B
Certificate Rate Spread.

                  "Class B Certificate Rate Spread" shall mean 0.39% per annum.

                  "Class B Certificateholder" shall mean the Person in whose
name a Class B Certificate is registered in the Certificate Register.

                  "Class B Certificates" shall mean any one of the Certificates
executed by the Seller and authenticated by or on behalf of the Trustee,
substantially in the form of Exhibit A-2.

                  "Class B Expected Final Distribution Date" shall mean the
August 2005 Distribution Date.

                  "Class B Floating Percentage" shall mean, with respect to any
Monthly Period, the percentage equivalent (which percentage shall never exceed
100%) of a fraction, the numerator of which is equal to the Class B Invested
Amount as of the close of business on the last day of the preceding Monthly
Period and the denominator of which is equal to the Invested Amount as of such
day; provided, however, that with respect to the first Monthly Period, the Class
B Floating Percentage shall mean the percentage equivalent of a fraction, the
numerator of

                                       5
<PAGE>   10
which is the Class B Initial Invested Amount and the denominator of which is the
Initial Invested Amount.

                  "Class B Initial Invested Amount" shall mean $48,750,000.

                  "Class B Interest Shortfall" shall have the meaning specified
in Section 4.2(b).

                  "Class B Invested Amount" shall mean, on any date of
determination, an amount equal to (a) the Class B Initial Invested Amount, minus
(b) the aggregate amount of principal payments made to the Class B
Certificateholders on or prior to such date, minus (c) the excess, if any, of
the aggregate amount of Class B Investor Charge-Offs for all prior Distribution
Dates over the aggregate amount of any reimbursement of Class B Investor
Charge-Offs pursuant to subsection 4.6(b) for all Distribution Dates preceding
such date, minus (d) the aggregate amount of Reallocated Principal Collections
allocated on all prior Distribution Dates pursuant to Section 4.8(a) (excluding
any Reallocated Principal Collections that have resulted in a reduction in the
Collateral Invested Amount pursuant to Section 4.6(c)), minus (e) an amount
equal to the amount by which the Class B Invested Amount has been reduced on all
prior Distribution Dates pursuant to Section 4.6(a) plus (f) the aggregate
amount of Excess Spread and Excess Finance Charges allocated and available on
all prior Distribution Dates pursuant to Section 4.7(e) for the purpose of
reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e);
and minus (g) the positive difference, if any, between the Principal Funding
Account Balance and the Class A Investor Amount on such date; provided, however,
that the Class B Invested Amount may not be reduced below zero.

                  "Class B Investor Amount" shall mean, for any date of
determination, an amount equal to the sum of (a) the Class B Invested Amount and
(b) the positive difference, if any, between the Principal Funding Account
Balance and the Class A Investor Amount on such date (such sum not to exceed the
Class B Initial Invested Amount).

                  "Class B Investor Charge-Off" shall have the meaning specified
in Section 4.6(b).

                  "Class B Investor Default Amount" shall mean, with respect to
each Distribution Date, an amount equal to the product of (i) the Investor
Default Amount for the related Monthly Period and (ii) the Class B Floating
Percentage for such Monthly Period.

                  "Class B Monthly Interest" shall have the meaning specified in
Section 4.2(b).

                  "Class B Monthly Principal" shall have the meaning specified
in Section 4.3(b).

                  "Class B Penalty Rate" shall mean the sum of the Class B
Certificate Rate and 2.00% per annum.

                  "Class B Principal Commencement Date" shall mean, the earliest
to occur of (x) the Class B Expected Final Distribution Date (but only if the
Class A Investor Amount is paid in full on such date), (y) the first
Distribution Date with respect to the Rapid Accumulation Period on which the
full amount of the Class A Investor Amount is on deposit in the Principal
Funding Account and (z) the Special Payment Date on which the Class A Investor
Amount is paid in full.

                                       6
<PAGE>   11
                  "Class B Principal Percentage" shall mean with respect to any
Monthly Period (i) during the Revolving Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class B Invested Amount as of the last day of the immediately preceding Monthly
Period and the denominator of which is the Invested Amount as of such day and
(ii) after the Revolving Period, the percentage equivalent (which percentage
shall never exceed 100%) of a fraction, the numerator of which is the Class B
Invested Amount as of the last day of the Revolving Period, and the denominator
of which is the Invested Amount as of such last day; provided, however, that
with respect to the first Monthly Period, the Class B Principal Percentage shall
mean the percentage equivalent of a fraction, the numerator of which is the
Class B Initial Invested Amount and the denominator of which is the Initial
Invested Amount.

                  "Class B Required Amount" shall have the meaning specified in
Section 4.4(b).

                  "Class B Servicing Fee" shall have the meaning specified in
Section 3.1.

                  "Closing Date" shall mean August 25, 2000.

                  "Collateral Additional Interest" shall have the meaning
specified in Section 4.2(c).

                  "Collateral Available Funds" shall mean, with respect to any
Monthly Period, an amount equal to the Collateral Floating Percentage of the
Collections of Finance Charge Receivables allocated to Series 2000-C (including
any amounts that are to be treated as Collections of Finance Charge Receivables
in accordance with the Agreement).

                  "Collateral Default Amount" shall mean, with respect to each
Distribution Date, an amount equal to the product of (i) the Investor Default
Amount for the related Monthly Period and (ii) the Collateral Floating
Percentage for such Monthly Period.

                  "Collateral Expected Final Distribution Date" shall mean the
September 2005 Distribution Date.

                  "Collateral Floating Percentage" shall mean, with respect to
any Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Collateral Invested
Amount as of the close of business on the last day of the preceding Monthly
Period and the denominator of which is equal to the Invested Amount as of such
day; provided, however, that with respect to the first Monthly Period, the
Collateral Floating Percentage shall mean the percentage equivalent of a
fraction, the numerator of which is the Collateral Initial Invested Amount and
the denominator of which is the Initial Invested Amount.

                  "Collateral Initial Invested Amount" shall mean $71,500,000.

                  "Collateral Interest" shall mean a fractional undivided
interest in the Trust which shall consist of the right to receive, (i) to the
extent necessary to make the required payments to the Collateral Interest Holder
under this Supplement, the portion of Collections allocable thereto under the
Agreement and this Supplement, funds on deposit in the Collection Account
allocable

                                       7
<PAGE>   12
thereto pursuant to the Agreement and this Supplement and, (ii) amounts
available for payment to the Collateral Interest Holder pursuant to subsections
4.7(k), 4.14(e), 4.14(f), 4.15(f), 4.16(b), 8.1(b), 8.2(a) and 8.2(b) or any
other provision of this Supplement.

                  "Collateral Interest Holder" shall mean the entity so
designated in the Transfer Agreement.

                  "Collateral Interest Shortfall" shall have the meaning
specified in subsection 4.2(c).

                  "Collateral Invested Amount" shall mean, for any date of
determination, an amount equal to (a) the Collateral Initial Invested Amount,
minus (b) an amount equal to the amount by which the Collateral Invested Amount
has been reduced on all prior Distribution Dates pursuant to Section 4.6, minus
(c) the aggregate amount paid pursuant to subsection 4.5(e)(iii) prior to such
date, plus (d) the aggregate amount of Excess Finance Charges and Excess Spread
allocated and available on all prior Distribution Dates pursuant to subsection
4.7(i) for the purpose of reimbursing amounts deducted pursuant to the foregoing
clause (b); provided, however, that the Collateral Invested Amount may not be
reduced below zero.

                  "Collateral Minimum Interest Rate" shall mean the rate
designated as such in the Transfer Agreement; provided, that for purposes of
this Supplement, such rate shall not exceed LIBOR plus 2.0% per annum.

                  "Collateral Minimum Monthly Interest" shall have the meaning
specified in Section 4.2(c).

                  "Collateral Monthly Principal" shall have the meaning
specified in Section 4.3(c).

                  "Collateral Principal Commencement Date" shall mean, the
earliest to occur of (x) the Collateral Expected Final Distribution Date (but
only if the Class A Investor Amount and the Class B Investor Amount are paid in
full on or prior to such date), (y) the first Distribution Date with respect to
the Rapid Accumulation Period on which the full amount of the Class A Investor
Amount is on deposit in the Principal Funding Account and the Class B Investor
Amount has been paid in full on or prior to such date and (z) the Special
Payment Date on which the Class A Investor Amount and the Class B Investor
Amount are paid in full.

                  "Collateral Principal Percentage" shall mean, with respect to
any Monthly Period (i) during the Revolving Period, the percentage equivalent
(which percentage shall never exceed 100%) of a fraction, the numerator of which
is the Collateral Invested Amount as of the last day of the immediately
preceding Monthly Period and the denominator of which is the Invested Amount as
of such day and (ii) after the Revolving Period, the percentage equivalent
(which percentage shall never exceed 100%) of a fraction, the numerator of which
is the Collateral Invested Amount as of the last day of the Revolving Period,
and the denominator of which is the Invested Amount as of such last day;
provided, however, that with respect to the first Monthly Period, the Collateral
Principal Percentage shall mean the percentage equivalent of a fraction, the
numerator of which is the Collateral Initial Invested Amount and the denominator
of which is the Initial Invested Amount.

                                       8
<PAGE>   13
                  "Collateral Servicing Fee" shall have the meaning specified in
Section 3.1.

                  "Controlled Accumulation Amount" shall mean (a) for any
Distribution Date with respect to the Accumulation Period, the sum of the Class
A Initial Invested Amount and the Class B Initial Invested Amount divided by 9;
provided, however, that, if the Accumulation Period is modified pursuant to
Section 4.13, (i) the Controlled Accumulation Amount for each Distribution Date
with respect to the Accumulation Period shall mean the amount determined in
accordance with Section 4.13 on the date on which the Accumulation Period has
most recently been modified and (ii) the sum of the Controlled Accumulation
Amounts for all Distribution Dates with respect to the modified Accumulation
Period shall not be less than the Initial Invested Amount.

                  "Controlled Deposit Amount" shall mean, for any Distribution
Date with respect to the Accumulation Period, an amount equal to the sum of the
Controlled Accumulation Amount for such Distribution Date and any Deficit
Controlled Accumulation Amount for the immediately preceding Distribution Date.

                  "Covered Amount" shall mean for any Distribution Date with
respect to the Accumulation Period or the Rapid Accumulation Period or the first
Special Payment Date if such Special Payment Date occurs prior to the date on
which the Class A Investor Amount is paid in full, an amount equal to the
product of (i)(A) a fraction, the numerator of which is the actual number of
days in the period from and including the preceding Distribution Date to but
excluding such Distribution Date, or, in the event the Interest Rate Swap has
been terminated, the numerator of which is 30, and, in either case, the
denominator of which is 360, times (B) the Swap Floating Rate, or, in the event
the Interest Rate Swap has been terminated, the Class A Certificate Rate and
(ii) the Principal Funding Account Balance (but not in excess of the Class A
Initial Invested Amount), if any, as of the preceding Distribution Date.

                  "Deficit Controlled Accumulation Amount" shall mean (a) on the
first Distribution Date with respect to the Accumulation Period, the excess, if
any, of the Controlled Accumulation Amount for such Distribution Date over the
amount distributed from the Collection Account as Class A Monthly Principal and
Class B Monthly Principal for such Distribution Date and (b) on each subsequent
Distribution Date with respect to the Accumulation Period, the excess, if any,
of the Controlled Deposit Amount for such subsequent Distribution Date over the
amount distributed from the Collection Account as Class A Monthly Principal and
Class B Monthly Principal for such subsequent Distribution Date.

                  "Designated Maturity" shall mean, for any LIBOR Determination
Date, one month; provided, that LIBOR for the initial Interest Period will be
determined by straight-line interpolation (based on the actual number of days in
the initial Interest Period) between two rates determined in accordance with the
definition of LIBOR, one of which will be determined for a Designated Maturity
of one month and the other of which will be determined for a Designated Maturity
of two months.

                  "Distribution Date" shall have the meaning assigned thereto in
the Agreement, except that with respect to the Series 2000-C Certificates, the
first Distribution Date shall be October 16, 2000.

                                       9
<PAGE>   14
                  "Excess Finance Charges" shall have the meaning specified in
Section 4.9.

                  "Excess Spread" shall mean, with respect to any Distribution
Date, the sum of the amounts, if any, specified pursuant to Sections 4.5(a)(v),
4.5(b)(iii) and 4.5(c)(ii) with respect to such Distribution Date.

                  "Finance Charge Shortfall" shall have the meaning specified in
Section 4.9.

                  "Fitch" shall mean Fitch, Inc., or its successors.

                  "Fixed Amount" shall mean, for any Transfer Date, an amount
equal to the fixed amount payable by the Swap Counterparty to the Trust for such
date pursuant to the Interest Rate Swap.

                  "Floating Allocation Percentage" shall mean, with respect to
any Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Invested Amount as of
the last day of the preceding Monthly Period (or with respect to the first
Monthly Period, the Initial Invested Amount) and the denominator of which is the
greater of (1) the sum of (x) the total amount of Principal Receivables in the
Trust at the end of the day on such date (or with respect to the first Monthly
Period, at the end of the day on the Closing Date) and (y) the principal amount
on deposit in the Excess Funding Account as of the end of the day on such date
and (2) the sum of the numerators used to calculate the Series Percentages (as
such term is defined in the Agreement) with respect to Finance Charge
Receivables or Defaulted Receivables, as applicable, for all Series then
outstanding; provided, however, that with respect to any Monthly Period in which
an Addition Date occurs and the Servicer need not make daily deposits of
Collections into the Collection Account, the denominator in (x) above shall be
the Average Principal Balance; provided further, however, that with respect to
any Monthly Period in which an Addition Date occurs and the Servicer is required
to make daily deposits of Collections into the Collection Account, the
denominator in (x) above shall be (1) for the period from and including the
first day of such Monthly Period to but excluding the related Addition Date, the
aggregate amount of Principal Receivables in the Trust at the end of the day on
the last day of the prior Monthly Period and (2) for the period from and
including the related Addition Date to and including the last day of such
Monthly Period, the aggregate amount of Principal Receivables in the Trust at
the end of the day on the related Addition Date.

                  "Fixed Rate Notional Amount" shall mean the Fixed Rate
Notional Amount as defined in the Interest Rate Swap.

                  "Floating Amount" shall mean, for any Transfer Date, an amount
equal to the floating amount payable by the Trust to the Swap Counterparty for
such date pursuant to the Interest Rate Swap.

                  "Group One" shall mean Series 1995-C, Series 1995-D, Series
1995-F, Series 1996-A, Series 1996-B, Series 1996-C, Series 1996-D, Series
1996-E, Series 1998-A, Series 1999-A, Series 1999-B, Series 1999-C, Series
1999-D, Series 2000-A, Series 2000-B, Series 2000-C and each other outstanding
Series hereafter specified in the related Supplement to be included in Group
One.

                                       10
<PAGE>   15
                  "Initial Invested Amount" shall mean the sum of the Class A
Initial Invested Amount, the Class B Initial Invested Amount and the Collateral
Initial Invested Amount.

                  "Initial Servicing Fee" shall have the meaning specified in
Section 3.1.

                  "Interchange" shall mean, with respect to Series 2000-C and
with respect to each Distribution Date, an amount of Interchange (as defined in
the Agreement) equal to one-twelfth of 1.25% of the outstanding balance of the
Principal Receivables allocable to Series 2000-C on the last day of the
preceding Monthly Period.

                  "Interest Period" shall mean, with respect to any Distribution
Date, the period from and including the Distribution Date immediately preceding
such Distribution Date (or, in the case of the first Distribution Date, from and
including the Closing Date) to but excluding such Distribution Date.

                  "Interest Rate Swap" shall mean the ISDA Master Agreement,
together with the Schedule thereto, each dated as of the Closing Date between
the Trustee on behalf of the Trust and the Swap Counterparty, as such Interest
Rate Swap may be amended, modified or replaced.

                  "Interest Reserve Account" shall have the meaning specified in
subsection 4.17(a).

                  "Interest Reserve Account Event" shall have the meaning
specified in subsection 4.16(g).

                  "Invested Amount" shall mean, as of any date of determination,
an amount equal to the sum of (a) the Class A Invested Amount as of such date,
(b) the Class B Invested Amount as of such date and (c) the Collateral Invested
Amount as of such date.

                  "Investment Letter" shall have the meaning specified in
subsection 10.8(b).

                  "Investor Amount" shall mean, as of any date of determination,
an amount equal to the sum of (a) the Invested Amount and (b) the Principal
Funding Account Balance.

                  "Investor Charge-Offs" shall mean Class A Investor Charge-Offs
and Class B Investor Charge-Offs.

                  "Investor Default Amount" shall mean, with respect to any
Distribution Date, an amount equal to the product of (a) the Defaulted Amount
for the related Monthly Period and (b) the Floating Allocation Percentage for
such Monthly Period.

                  "LIBOR" shall mean an interest rate per annum determined by
the Trustee for each Interest Period in accordance with the provisions of
Section 4.11.

                  "LIBOR Determination Date" shall mean August 23, 2000 with
respect to the period from the Closing Date through October 15, 2000; and, with
respect to each Interest Period thereafter, the second London Business Day prior
to every Distribution Date on which such Interest Period begins commencing with
the October 16, 2000 Distribution Date.

                                       11
<PAGE>   16
                  "London Business Day" shall mean a Business Day on which
dealings in deposits in United States dollars are transacted in the London
interbank market.

                  "Monthly Interest" means, with respect to any Distribution
Date, the Class A Monthly Interest, the Class B Monthly Interest, the Collateral
Minimum Monthly Interest for such Distribution Date and the Net Swap Payment, if
any, for the related Transfer Date and any previously due but not paid Net Swap
Payments.

                  "Monthly Servicing Fee" shall have the meaning specified in
Section 3.1.

                  "Net Portfolio Yield" shall mean, with respect to any Monthly
Period, the annualized percentage equivalent of a fraction, the numerator of
which is equal to (a) an amount equal to the product obtained by multiplying the
Floating Allocation Percentage with respect to such Monthly Period and the
amount of Collections of Finance Charge Receivables with respect to such Monthly
Period (including any other amounts that are to be treated as Collections of
Finance Charge Receivables in accordance with the Agreement), plus (b) the
amount of any Principal Funding Investment Proceeds for the related Distribution
Date, plus (c) the amount of funds, if any, to be withdrawn from the Reserve
Account which, pursuant to subsection 4.14(d), are required to be deposited into
the Collection Account and included in Class A Available Funds with respect to
such Distribution Date, and the amount of funds, if any, to be withdrawn from
the Swap Reserve Fund which, pursuant to subsection 4.15(d) are required to be
deposited into the Collection Account and included in Class A Available Funds
with respect to such Distribution Date, plus (d) the amount of funds, if any, to
be withdrawn from the Interest Reserve Account which, pursuant to subsection
4.17(c) are required to be deposited into the Collection Account and included in
Class A Available Funds with respect to such Distribution Date, minus (e) the
Investor Default Amount for the Distribution Date with respect to such Monthly
Period, and the denominator of which is the Investor Amount as of the last day
of the preceding Monthly Period.

                  "Net Swap Payment" shall mean, for any Transfer Date, (a) if
the netting provisions of subsection 2(c)(ii) of the Interest Rate Swap apply,
the amount, if any, by which the Floating Amount for such date exceeds the Fixed
Amount for such date, and (b) otherwise, an amount equal to the Floating Amount
for such date.

                  "Net Swap Receipt" shall mean, for any Transfer Date, (a) if
the netting provisions of subsection 2(c)(ii) of the Interest Rate Swap apply,
the amount, if any, by which the Fixed Amount for such date exceeds the Floating
Amount for such date, and (b) otherwise, an amount equal to the Fixed Amount for
such date.

                  "Percentage Allocation" shall have the meaning specified in
Section 4.1(b)(ii).

                  "Permitted Assignee" shall mean any Person who, if it were the
Collateral Interest Holder or holder of an interest in the Trust, as applicable,
would not cause the Trust to be taxable as a publicly traded partnership for
federal income tax purposes.

                                       12
<PAGE>   17
                  "Principal Allocation Percentage" shall mean, with respect to
any Monthly Period:

                  (a) during the Revolving Period, the percentage equivalent
(which percentage shall never exceed 100%) of a fraction, (x) the numerator of
which is the Invested Amount as of the last day of the immediately preceding
Monthly Period (or, in the case of the first Monthly Period, the Closing Date)
and (y) the denominator of which is the greater of (i) the sum of (A) the total
amount of Principal Receivables in the Trust as of the last day of the
immediately preceding Monthly Period and (B) the principal amount on deposit in
the Excess Funding Account as of such last day (or, in the case of the first
Monthly Period, the Closing Date) and (ii) the sum of the numerators used to
calculate the Series Percentages applicable to Principal Receivables for all
Series outstanding as of the date as to which such determination is being made;

                  (b) during the Accumulation Period, the Rapid Accumulation
Period or the Rapid Amortization Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, (x) the numerator of which is
the Invested Amount as of the last day of the Revolving Period or, if the
numerator has been reduced as described in the first proviso below during the
Accumulation Period, and then a Rapid Accumulation Period or a Rapid
Amortization Period commences, as of the last day of the Accumulation Period,
and (y) the denominator of which is the greater of (i) the sum of (A) the total
amount of Principal Receivables in the Trust as of the last day of the
immediately preceding Monthly Period and (B) the principal amount on deposit in
the Excess Funding Account as of such last day and (ii) the sum of the
numerators used to calculate the Series Percentages applicable to Principal
Receivables for all Series outstanding as of the date as to which such
determination is being made; provided however, that during the Accumulation
Period, on any date, at the option of the Servicer, the numerator of the
Principal Allocation Percentage may be reduced below the numerator used in the
previous Monthly Period, to an amount not less than the greater of (x) the
Invested Amount as of the last day of the immediately preceding Monthly Period
(less the amount of any distributions of principal deposited in the Principal
Funding Account since the last day of the immediately preceding Monthly Period)
and (y) an amount that, if used as the numerator of the Principal Allocation
Percentage for the remainder of the Accumulation Period, assuming for this
purpose that (1) the payment rate with respect to Collections of Principal
Receivables remains constant at the level of the immediately preceding Monthly
Period, (2) the total amount of Principal Receivables in the Trust (and the
principal amount on deposit in the Excess Funding Account, if any) remains
constant at the level on the date of such reduction, (3) no Pay Out Event with
respect to any Series will subsequently occur and (4) no additional Series
(other than any Series being issued on the date of such reduction) will be
subsequently issued, would assure that Available Investor Principal Collections
for Series 2000-C would equal at least 125% of the Controlled Accumulation
Amount for each Monthly Period for so long as the Invested Amount is greater
than zero; provided further, however, that any such reduction of the numerator
of the Principal Allocation Percentage shall be subject to the receipt by the
Trustee of an Officer's Certificate of the Servicer to the effect that the
Servicer does not expect that the Available Investor Principal Collections for
any Monthly Period would be less than the Controlled Accumulation Amount;
provided further, however that with respect to any Monthly Period in which an
Addition Date occurs and the Servicer need not make daily deposits of
Collections into the Collection Account, the amount in clause (y) (i) of
paragraphs (a) and (b) above shall be the

                                       13
<PAGE>   18
Average Principal Balance; provided further, however, that with respect to any
Monthly Period in which an Addition Date occurs and the Servicer is required to
make daily deposits of Collections into the Collection Account, the amount in
clause (y) (i) of paragraphs (a) and (b) above shall be (1) for the period from
and including the first day of such Monthly Period to but excluding the related
Addition Date, the sum of (x) the aggregate amount of Principal Receivables in
the Trust at the end of the day on the last day of the prior Monthly Period and
(y) the principal amount on deposit in the Excess Funding Account as of such
last day and (2) for the period from and including the related Addition Date to
and including the last day of such Monthly Period, the sum of (x) the aggregate
amount of Principal Receivables in the Trust at the end of the day on the
related Addition Date and (y) the principal amount on deposit in the Excess
Funding Account at the end of the day on the related Addition Date.

                  "Principal Funding Account" shall have the meaning set forth
in subsection 4.12(a)(i).

                  "Principal Funding Account Balance" shall mean, with respect
to any date of determination, the principal amount, if any, on deposit in the
Principal Funding Account on such date of determination.

                  "Principal Funding Investment Proceeds" shall have the meaning
specified in subsection 4.12(a)(ii).

                  "Principal Shortfall" shall have the meaning specified in
Section 4.10.

                  "Rapid Accumulation Period" shall mean, unless the Interest
Rate Swap has been terminated or an Interest Reserve Account Event has occurred,
the period commencing on the date that a Series 2000-C Pay Out Event occurs and
continuing to the earlier of (a) the commencement of the Rapid Amortization
Period and (b) the Class A Expected Final Distribution Date.

                  "Rapid Amortization Period" shall mean, (a) if on the day on
which a Trust Pay Out Event or a Series 2000-C Pay Out Event is deemed to have
occurred (and, with respect to any such Series 2000-C Pay Out Event, either the
Interest Rate Swap is or has been terminated or an Interest Reserve Account
Event occurs or has occurred) the Servicer need not make daily deposits into or
withdrawals from the Collection Account pursuant to Section 4.03(a) of the
Agreement, the period commencing at the close of business on the Business Day
immediately preceding the first day of the Monthly Period in which such Trust
Pay Out Event or Series 2000-C Pay Out Event is deemed to have occurred or (b)
otherwise, the period commencing at the close of business on the Business Day
immediately preceding the day on which a Trust Pay Out Event or a Series 2000-C
Pay Out Event is deemed to have occurred (and, with respect to any such Series
2000-C Pay Out Event, either the Interest Rate Swap is or has been terminated or
an Interest Reserve Account Event occurs or has occurred) and ending on the
first to occur of (i) the payment in full to the Class A Certificateholders and
the Class B Certificateholders of the Class A Investor Amount and the Class B
Investor Amount, respectively, and the payment in full to the Collateral
Interest Holder of the Collateral Invested Amount, or (ii) the Series
Termination Date.

                                       14
<PAGE>   19
                  "Reallocated Principal Collections" shall mean, with respect
to any Monthly Period, the product of (a) the Principal Allocation Percentage
with respect to such Monthly Period, (b) the aggregate amount of Collections in
respect of Principal Receivables for such Monthly Period and (c) the sum of the
Class B Principal Percentage and the Collateral Principal Percentage with
respect to such Monthly Period. Reallocated Principal Collections allocable to
the Class B Certificates shall equal, with respect to any Monthly Period, the
product of (a) the Principal Allocation Percentage with respect to such Monthly
Period of the aggregate amount of Collections in respect of Principal
Receivables deposited in the Collection Account for such Monthly Period and (b)
the Class B Principal Percentage with respect to such Monthly Period.
Reallocated Principal Collections allocable to the Collateral Interest shall
equal, with respect to any Monthly Period, the product of (a) the Principal
Allocation Percentage with respect to such Monthly Period of the aggregate
amount of Collections in respect of Principal Receivables deposited in the
Collection Account for such Monthly Period and (b) the Collateral Principal
Percentage with respect to such Monthly Period. In no event will the Collections
of Principal Receivables allocable to the Collateral Interest on any
Distribution Date exceed the Collateral Invested Amount on such Distribution
Date and in no event will the Collections of Principal Receivables allocable to
the Class B Certificates on any Distribution Date exceed the Class B Invested
Amount.

                  "Reassignment Amount" shall mean, with respect to any
Distribution Date, after giving effect to any deposits and distributions
otherwise to be made on such Distribution Date, the sum of (i) the Invested
Amount on such Distribution Date, plus (ii) Monthly Interest for such
Distribution Date and any Monthly Interest previously due but not distributed to
the Series 2000-C Holders on a prior Distribution Date, plus (iii) the amount of
Additional Interest, if any, for such Distribution Date and any Additional
Interest previously due but not distributed to the Series 2000-C Holders on a
prior Distribution Date.

                  "Reference Banks" shall mean Barclays Bank plc, National
Westminster Bank PLC and Lloyds Bank of London or such other major banks in the
London interbank market selected by the Servicer from time to time.

                  "Required Interest Reserve Amount" shall have the meaning
specified in subsection 4.16(g).

                  "Required Reserve Account Amount" shall mean, with respect to
any Distribution Date prior to the Reserve Account Funding Date, $0, and on or
after the Reserve Account Funding Date, an amount equal to (a) the product of
(i) 0.5% of the Class A Investor Amount as of the preceding Distribution Date
(after giving effect to all changes therein on such date) and (ii) a fraction,
the numerator of which is the number of Monthly Periods scheduled to be included
in the Accumulation Period as of such date and the denominator of which is nine
(except that if such numerator is one, the Required Reserve Account Amount
determined pursuant to this clause (a) shall be $0) or (b) any other amount
designated by the Seller, provided that, if such designation is of a lesser
amount, the Seller (i) shall have received written notice from each Rating
Agency that such designation will not result in the reduction or withdrawal of
the rating of the Series 2000-C Certificates and shall have delivered copies of
each such written notice to the Servicer and the Trustee, and (ii) shall have
delivered to the Trustee a certificate of an authorized officer to the effect
that, based on the facts known to such officer at such time, in the

                                       15
<PAGE>   20
reasonable belief of the Seller, such designation will not cause a Pay Out Event
or an event that, after the giving of notice or the lapse of time, would cause a
Pay Out Event, to occur with respect to Series 2000-C.

                  "Required Swap Reserve Fund Amount" shall have the meaning
specified in the Supplemental Swap Letter.

                  "Reserve Account" shall have the meaning specified in Section
4.14(a).

                  "Reserve Account Funding Date" shall mean the Distribution
Date with respect to the Monthly Period which commences three months prior to
the Monthly Period in which, as of the related Determination Date, the
Accumulation Period is scheduled to commence.

                  "Reserve Account Surplus" shall mean, as of any date of
determination, the amount, if any, by which the amount on deposit in the Reserve
Account exceeds the Required Reserve Account Amount.

                  "Reserve Draw Amount" shall have the meaning specified in
Section 4.14(c).

                  "Revolving Period" shall mean the period beginning on the
Closing Date and ending on the earliest of (a) the close of business on the day
preceding the commencement of the Accumulation Period, (b) the close of business
on the day preceding the commencement of the Rapid Accumulation Period and (c)
the close of business on the day preceding the commencement of the Rapid
Amortization Period.

                  "Series Invested Amount" shall mean the Invested Amount.

                  "Series Investor Amount" shall mean, as of any date of
determination, an amount equal to the numerator of the Principal Allocation
Percentage on such date.

                  "Series 2000-C" shall mean the Series of Investor
Certificates, the terms of which are specified in this Supplement and shall
include the Class A Certificates, the Class B Certificates and the Collateral
Interest.

                  "Series 2000-C Certificate" shall mean a Class A Certificate
or a Class B Certificate.

                  "Series 2000-C Certificateholder" shall mean a Class A
Certificateholder or a Class B Certificateholder.

                  "Series 2000-C Holder" shall mean a Class A Certificateholder,
a Class B Certificateholder or the Collateral Interest Holder.

                  "Series 2000-C Pay Out Event" shall have the meaning specified
in Section 6.1.

                  "Series 2000-C Supplement" shall mean this Supplement.

                                       16
<PAGE>   21
                  "Series Percentage" shall mean with respect to Finance Charge
Receivables and Defaulted Receivables, the Floating Allocation Percentage, and
with respect to Principal Receivables, the Principal Allocation Percentage.

                  "Series Termination Date" shall mean the earlier to occur of
(i) the February 2008 Distribution Date and (ii) the termination of the Trust
pursuant to Section 12.01 of the Agreement.

                  "Servicing Base Amount" shall have the meaning specified in
Section 3.1.

                  "Servicing Fee Rate" shall mean 2.00%.

                  "Special Payment Date" shall mean each Distribution Date with
respect to the Rapid Amortization Period.

                  "Supplemental Swap Letter" shall mean that certain letter
agreement designated as the Supplemental Swap Letter, dated as of the Closing
Date, between the Seller, the Trustee and the Swap Counterparty.

                  "Swap Counterparty" shall have the meaning specified in the
Interest Rate Swap.

                  "Swap Fixed Rate" shall mean for any applicable Interest
Period, the fixed rate specified in the Interest Rate Swap.

                  "Swap Floating Rate" shall mean for any applicable Interest
Period, the floating rate specified in the Interest Rate Swap.

                  "Swap Reserve Draw Amount" shall have the meaning specified in
subsection 4.15(c).

                  "Swap Reserve Fund" shall have the meaning specified in
subsection 4.15(a).

                  "Swap Reserve Fund Surplus" shall mean, as of any date of
determination, the amount, if any, by which the amount on deposit in the Swap
Reserve Fund exceeds the Required Swap Reserve Fund Amount.

                  "Telerate Page 3750" shall mean the display page currently so
designated on the Bridge Telerate Markets Report (or such other page as may
replace such page on such service for the purpose of displaying comparable rates
or prices).

                  "Transfer" shall have the meaning specified in subsection
10.8(a).

                  "Transfer Agreement" shall mean the agreement between Fleet
(RI) and the Collateral Interest Holder, dated as of August 25, 2000, as amended
or modified from time to time, relating to the transfer of the Collateral
Interest.

                  (b) Notwithstanding anything to the contrary in this
Supplement or the Agreement, the term "Rating Agency" shall mean, whenever used
in this Supplement or the

                                       17
<PAGE>   22
Agreement with respect to Series 2000-C, Moody's, Standard & Poor's and Fitch;
provided, however, that references to "Rating Agency" in the definition of
"Eligible Investments" shall be deemed to not include Fitch to the extent that
an investment is rated by Moody's and Standard & Poor's, but not by Fitch.
Reference to rating categories of Moody's and Standard & Poor's in the Agreement
shall be deemed to be references to the equivalent rating categories of Fitch.

                  (c) All capitalized terms used herein and not otherwise
defined herein have the meanings ascribed to them in the Agreement.

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

                  (e) Unless the context otherwise requires, references in this
Supplement to the "Seller" and from and after the date any Additional Seller is
designated pursuant to Section 2.08(e) of the Agreement, such references shall
mean the Bank in its capacity as Seller and any such Additional Seller(s).

                                   ARTICLE III
                              Servicer and Trustee

                  Section 3.1  Servicing Compensation.

                  The share of the Servicing Fee allocable to the Series 2000-C
Holders with respect to any Distribution Date (the "Monthly Servicing Fee"),
shall be equal to one-twelfth the product of (i) the Servicing Fee Rate and (ii)
the Invested Amount, if any, as of the last day of the Monthly Period preceding
such Distribution Date (the amount calculated pursuant to this clause (ii) is
referred to as the "Servicing Base Amount"); provided, however, with respect to
the October 2000 Distribution Date, the Monthly Servicing Fee (the "Initial
Servicing Fee") shall be $768,941.

                  The share of the Monthly Servicing Fee allocable to the Class
A Certificateholders with respect to any Distribution Date (the "Class A
Servicing Fee"), shall be equal to one-twelfth of the product of (a) the Class A
Floating Percentage, (b) the Servicing Fee Rate and (c) the Servicing Base
Amount; provided, however, that with respect to the October 2000 Distribution
Date, the Class A Servicing Fee shall be $551,823. The share of the Monthly
Servicing Fee allocable to the Class B Certificateholders with respect to any
Distribution Date (the "Class B Servicing Fee"), shall be equal to one-twelfth
of the product of (a) the Class B Floating Percentage, (b) the Servicing Fee
Rate and (c) the Servicing Base Amount; provided, however, that with respect to
the October 2000 Distribution Date, the Class B Servicing Fee shall be $88,021.
The share of the Monthly Servicing Fee allocable to the Collateral Interest
Holder with respect to any Distribution Date (the "Collateral Servicing Fee"),
shall be equal to one-twelfth of the product of (a) the Collateral Floating
Percentage, (b) the Servicing Fee Rate and (c) the Servicing Base Amount;
provided, however, that with respect to the October 2000

                                       18
<PAGE>   23
Distribution Date, the Collateral Servicing Fee shall be $129,097. In no event
shall the Trust, the Trustee, or the Series 2000-C Holders be liable for the
share of the Servicing Fee to be paid by the Holders of the Seller Certificates
or the Certificateholders of any other Series. The Class A Servicing Fee shall
be payable to the Servicer solely to the extent amounts are available for
distribution in respect thereof pursuant to Section 4.5(a)(iii), 4.7(a) or
4.8(a); the Class B Servicing Fee shall be payable solely to the extent amounts
are available for distribution in respect thereof pursuant to Section
4.5(b)(ii), 4.7(c) or 4.8(b); and the Collateral Servicing Fee shall be payable
solely to the extent amounts are available for distribution in respect thereof
pursuant to Section 4.5(c)(i) or 4.7(g).

                                   ARTICLE IV
       Rights of Series 2000-C Certificateholders and Collateral Interest
              Holder and Allocation and Application of Collections

                  Section 4.1 Collections and Allocations. The Servicer will
apply, or will instruct the Trustee in writing to apply, all Collections and
other funds on deposit in the Collection Account that are allocated to the
Series 2000-C Holders as follows:

                  (a) Allocations During the Revolving Period. During the
Revolving Period, the Servicer shall, on or prior to the close of business on
the second Business Day following any Date of Processing, allocate the following
amounts as set forth below:

                           (i) Allocate to the Series 2000-C Holders the product
                  of (x) the Floating Allocation Percentage on such Date of
                  Processing and (y) the aggregate amount of Collections of
                  Finance Charge Receivables on such Date of Processing, and of
                  that allocation, deposit and retain in the Collection Account
                  (A) prior to the LIBOR Determination Date occurring in such
                  Monthly Period, an amount equal to the product of (v) the
                  Floating Allocation Percentage on such Date of Processing and
                  (w) the aggregate amount of Collections of Finance Charge
                  Receivables on such Date of Processing and (B) on and after
                  such LIBOR Determination Date, the difference between (1)
                  Monthly Interest for the related Distribution Date (plus, if
                  the Bank is not the Servicer, the Monthly Servicing Fee for
                  such Monthly Period) and (2) the amounts previously deposited
                  in the Collection Account with respect to such Monthly Period
                  pursuant to this subsection (a)(i);

                           (ii) Allocate to the Series 2000-C Holders an amount
                  equal to the product of (A) the Principal Allocation
                  Percentage on such Date of Processing and (B) the aggregate
                  amount of Collections of Principal Receivables on such Date of
                  Processing, which amount shall be first, if any other
                  Principal Sharing Series in Group One is outstanding and in
                  its Amortization Period or Accumulation Period (as such terms
                  are defined in the Agreement), retained in the Collection
                  Account for application, to the extent necessary, as Shared
                  Principal Collections in accordance with Section 4.04 of the
                  Agreement to other Series in Group One on the related
                  Distribution Date, and second paid to the Holders of

                                       19
<PAGE>   24
                  the Seller Certificates; provided, however, that the amount to
                  be paid to the Holders of the Seller Certificates pursuant to
                  this Section 4.1(a)(ii) on any Date of Processing shall be
                  paid to such Holders only if the Seller Amount on such Date of
                  Processing is greater than the Required Seller Amount (after
                  giving effect to all Principal Receivables transferred to the
                  Trust on such day and any amounts deposited in the Excess
                  Funding Account on such day) and otherwise shall be deposited
                  in the Excess Funding Account until the Seller Amount is
                  greater than the Required Seller Amount and applied in
                  accordance with Section 4.02 of the Agreement and the
                  remainder shall be paid to the Holders of the Seller
                  Certificates.

                  (b) Allocations During the Accumulation Period. During the
Accumulation Period, the Servicer shall, prior to the close of business on the
second Business Day following any Date of Processing, allocate the following
amounts as set forth below:

                           (i) Allocate to the Series 2000-C Holders and deposit
                  and retain in the Collection Account an amount equal to the
                  product of (A) the Floating Allocation Percentage on such Date
                  of Processing and (B) the aggregate amount of Collections of
                  Finance Charge Receivables on such Date of Processing.

                           (ii) Allocate to the Series 2000-C Holders and
                  deposit and retain in the Collection Account an amount equal
                  to the product of (x) the Principal Allocation Percentage on
                  such Date of Processing and (y) the aggregate amount of
                  Collections of Principal Receivables on such Date of
                  Processing (for any such date, a "Percentage Allocation");
                  provided, however, that if the sum of such Percentage
                  Allocations with respect to the same Monthly Period exceeds
                  the Controlled Deposit Amount for the related Distribution
                  Date, then such excess shall not be treated as a Percentage
                  Allocation and shall be first, if any other Principal Sharing
                  Series in Group One is outstanding and in its Amortization
                  Period or Accumulation Period (as such terms are defined in
                  the Agreement), retained in the Collection Account for
                  application, to the extent necessary, as Shared Principal
                  Collections in accordance with Section 4.04 of the Agreement
                  to other Series in Group One on the related Distribution Date,
                  and second paid to the Holders of the Seller Certificates only
                  if the Seller Amount on such Date of Processing is greater
                  than the Required Seller Amount (after giving effect to all
                  Principal Receivables transferred to the Trust on such day and
                  any amounts deposited in the Excess Funding Account on such
                  day) and otherwise shall be deposited in the Excess Funding
                  Account until the Seller Amount is greater than the Required
                  Seller Amount and applied in accordance with Section 4.02 of
                  the Agreement and the remainder shall be paid to the Holders
                  of the Seller Certificates.

                  (c) Allocations During the Rapid Accumulation Period and the
Rapid Amortization Period. During the Rapid Accumulation Period and the Rapid
Amortization Period, the Servicer shall, prior to the close of business on the
second Business Day following any Date of Processing, allocate the following
amounts as set forth below:

                                       20
<PAGE>   25
                           (i) Allocate to the Series 2000-C Holders and deposit
                  and retain in the Collection Account an amount equal to the
                  product of (A) the Floating Allocation Percentage on such Date
                  of Processing and (B) the aggregate amount of Collections of
                  Finance Charge Receivables on such Date of Processing.

                           (ii) Allocate to the Series 2000-C Holders and
                  deposit and retain in the Collection Account an amount equal
                  to the product of (A) the Principal Allocation Percentage on
                  such Date of Processing and (B) the aggregate amount of
                  Collections of Principal Receivables on such Date of
                  Processing; provided, however, that after the date on which an
                  amount of such Collections equal to the Invested Amount has
                  been deposited into the Collection Account and allocated to
                  the Series 2000-C Holders, the amount determined in accordance
                  with this subparagraph (ii) in excess thereof shall be first,
                  if any other Principal Sharing Series in Group One is
                  outstanding and in its Amortization Period or Accumulation
                  Period (as such terms are defined in the Agreement), retained
                  in the Collection Account for application, to the extent
                  necessary, as Shared Principal Collections in accordance with
                  Section 4.04 of the Agreement to other Series in Group One on
                  the related Distribution Date, and second paid to the Holders
                  of the Seller Certificates only if the Seller Amount on such
                  Date of Processing is greater than the Required Seller Amount
                  (after giving effect to all Principal Receivables transferred
                  to the Trust on such day and any amounts deposited in the
                  Excess Funding Account on such day) and otherwise shall be
                  deposited in the Excess Funding Account until the Seller
                  Amount is greater than the Required Seller Amount and applied
                  in accordance with Section 4.02 of the Agreement and the
                  remainder shall be paid to the Holders of the Seller
                  Certificates.

                  (d) Notwithstanding anything to the contrary in this Section
4.1, if on any Date of Processing the aggregate amount of Principal Receivables
is less than the sum of the Series Investor Amounts for all Series outstanding,
all Collections of Principal Receivables on such date that are otherwise payable
to the Holders of the Seller Certificates shall, unless such Collections are to
be retained in the Collection Account, be deposited in the Excess Funding
Account and applied in accordance with Section 4.02 of the Agreement.

                  (e) Notwithstanding the foregoing, the Servicer need not make
daily deposits of Collections into the Collection Account at any time when the
requirements of Section 4.03 of the Agreement are satisfied.

                  Section 4.2  Determination of Monthly Interest.

                  (a) The amount of monthly interest ("Class A Monthly
Interest") distributable from the Collection Account with respect to the Class A
Certificates on each Distribution Date shall be an amount equal to one-twelfth
of the product of (i) the Class A Certificate Rate and (ii) the outstanding
principal amount of the Class A Certificates as of the close of business on the
preceding Record Date; provided, however, with respect to the October 2000
Distribution Date, Class A Monthly Interest shall be equal to $5,165,062.50.

                                       21
<PAGE>   26
                  On the Determination Date preceding each Distribution Date,
the Servicer shall determine the excess, if any (the "Class A Interest
Shortfall"), of (x) the Class A Monthly Interest for such Distribution Date over
(y) the aggregate amount of funds allocated and available to pay such Class A
Monthly Interest on such Distribution Date. If the Class A Interest Shortfall
with respect to any Distribution Date is greater than zero, on each subsequent
Distribution Date until such Class A Interest Shortfall is fully paid, an
additional amount ("Class A Additional Interest") equal to one-twelfth of the
product of (i) the Class A Penalty Rate and (ii) such Class A Interest Shortfall
(or the portion thereof which has not been paid to the Class A
Certificateholders) shall be payable as provided herein with respect to the
Class A Certificates. Notwithstanding anything to the contrary herein, Class A
Additional Interest shall be payable or distributed to Class A
Certificateholders only to the extent permitted by applicable law.

         (b) The amount of monthly interest ("Class B Monthly Interest")
distributable from the Collection Account with respect to the Class B
Certificates on each Distribution Date shall be an amount equal to the product
of (i) (A) a fraction, the numerator of which is the actual number of days in
the related Interest Period and the denominator of which is 360, times (B) the
Class B Certificate Rate and (ii) the outstanding principal amount of the Class
B Certificates as of the close of business on the preceding Record Date;
provided, however, with respect to the October 2000 Distribution Date, Class B
Monthly Interest shall be equal to the interest accrued on the Class B Initial
Invested Amount at the applicable Class B Certificate Rate for the period from
the Closing Date through October 15, 2000 (calculated on the basis of the actual
number of days in such period and a year of 360 days).

         On the Determination Date preceding each Distribution Date, the
Servicer shall determine the excess, if any (the "Class B Interest Shortfall"),
of (x) the Class B Monthly Interest for such Distribution Date over (y) the
aggregate amount of funds allocated and available to pay such Class B Monthly
Interest on such Distribution Date. If the Class B Interest Shortfall with
respect to any Distribution Date is greater than zero, on each subsequent
Distribution Date until such Class B Interest Shortfall is fully paid, an
additional amount ("Class B Additional Interest") equal to the product of (i)
(A) a fraction, the numerator of which is the actual number of days in the
period from and including the Distribution Date on which there is a shortfall to
but excluding such subsequent Distribution Date and the denominator of which is
360, times (B) the Class B Penalty Rate and (ii) such Class B Interest Shortfall
(or the portion thereof which has not been paid to the Class B
Certificateholders) shall be payable as provided herein with respect to the
Class B Certificates. Notwithstanding anything to the contrary herein, Class B
Additional Interest shall be payable or distributed to Class B
Certificateholders only to the extent permitted by applicable law.

         (c) The amount of monthly interest ("Collateral Minimum Monthly
Interest") distributable from the Collection Account with respect to the
Collateral Interest on each Distribution Date shall be an amount equal to the
product of (i) a fraction, the numerator of which is the actual number of days
in the related Interest Period and the denominator of which is 360, times (B)
the Collateral Minimum Interest Rate and (ii) the outstanding principal amount
of the Collateral Interest as of the close of business on the preceding Record
Date; provided, however, with respect to the October 2000 Distribution Date, the
Collateral Minimum Monthly Interest shall be equal to the interest accrued on
the Collateral Initial Invested Amount at the applicable Collateral Minimum
Interest Rate for the period from the Closing Date through

                                       22
<PAGE>   27
October 15, 2000 (calculated on the basis of the actual number of days in such
period and a year of 360 days).

                  On the Determination Date preceding each Distribution Date,
the Servicer shall determine the excess, if any (the "Collateral Interest
Shortfall"), of (x) the Collateral Minimum Monthly Interest for such
Distribution Date over (y) the aggregate amount of funds allocated and available
to pay such Collateral Minimum Monthly Interest on such Distribution Date. If
the Collateral Interest Shortfall with respect to any Distribution Date is
greater than zero, on each subsequent Distribution Date until such Collateral
Interest Shortfall is fully paid, an additional amount ("Collateral Additional
Interest") equal to the product of (i) (A) a fraction, the numerator of which is
the actual number of days from and including the Distribution Date on which
there is a shortfall to but excluding such subsequent Distribution Date and the
denominator of which is 360, times (B) the Collateral Minimum Interest Rate and
(ii) such Collateral Interest Shortfall (or the portion thereof which has not
been paid to the Collateral Interest Holder) shall be payable as provided herein
with respect to the Collateral Interest. Notwithstanding anything to the
contrary herein, Collateral Additional Interest shall be payable or distributed
to the Collateral Interest Holder only to the extent permitted by applicable
law.

                  Section 4.3  Determination of Monthly Principal.

                  (a) The amount of monthly principal ("Class A Monthly
Principal") distributable from the Collection Account with respect to the Class
A Certificates on each Distribution Date, beginning with the first Distribution
Date with respect to the Accumulation Period, the Rapid Accumulation Period or
the Rapid Amortization Period, shall be equal to the least of (x) the Available
Investor Principal Collections on deposit in the Collection Account with respect
to such Distribution Date, (y) for each Distribution Date with respect to the
Accumulation Period (and on or prior to the Class A Expected Final Distribution
Date), the Controlled Deposit Amount for such Distribution Date and (z) the
Class A Invested Amount on such Distribution Date.

                  (b) The amount of monthly principal ("Class B Monthly
Principal") distributable from the Collection Account with respect to the Class
B Certificates on each Distribution Date, beginning with the first Distribution
Date with respect to the Accumulation Period or the Rapid Accumulation Period on
which the full amount of the Class A Investor Amount is on deposit in the
Principal Funding Account or has been paid to the Class A Certificateholders or,
if earlier, the first Special Payment Date on which the Class A Investor Amount
is paid in full, shall be equal to the least of (x) the Available Investor
Principal Collections on deposit in the Collection Account with respect to such
Distribution Date (minus the portion of such Available Investor Principal
Collections applied to Class A Monthly Principal on such Distribution Date), (y)
for each Distribution Date with respect to the Accumulation Period (and on or
prior to the Class B Expected Final Distribution Date), the Controlled Deposit
Amount for such Distribution Date (minus the portion of such Controlled Deposit
Amount for such Distribution Date applied to Class A Monthly Principal on such
Distribution Date) and (z) the Class B Invested Amount on such Distribution
Date.

                  (c) The amount of monthly principal ("Collateral Monthly
Principal") distributable from the Collection Account with respect to the
Collateral Interest on each

                                       23
<PAGE>   28

Distribution Date, beginning with the Collateral Principal Commencement Date,
shall be equal to the lesser of (x) the Available Investor Principal Collections
on deposit in the Collection Account with respect to such Distribution Date
(minus the portion of such Available Investor Principal Collections applied to
Class A Monthly Principal and Class B Monthly Principal on such Distribution
Date), and (y) the Collateral Invested Amount on such Distribution Date.

                  Section 4.4  Required Amount.

                  (a) With respect to each Distribution Date, on the related
Determination Date, the Servicer shall determine the amount (the "Class A
Required Amount"), if any, by which (a) the sum of (i) Class A Monthly Interest
for such Distribution Date, (ii) any Class A Monthly Interest previously due but
not paid to the Class A Certificateholders on a prior Distribution Date, (iii)
any Class A Additional Interest for such Distribution Date and any Class A
Additional Interest previously due but not paid to the Class A
Certificateholders on a prior Distribution Date, (iv) the Class A Servicing Fee
for such Distribution Date, (v) any Class A Servicing Fee previously due but not
paid to the Servicer, (vi) the Class A Investor Default Amount, if any, for such
Distribution Date, (vii) the Net Swap Payment, if any, for the related Transfer
Date and (viii) the Net Swap Payments, if any, due but not paid on any previous
Transfer Date, exceeds (b) the Class A Available Funds. In the event that the
Class A Required Amount for such Distribution Date is greater than zero, all or
a portion of the Excess Spread and the Excess Finance Charges allocable to
Series 2000-C with respect to the related Monthly Period in an amount equal to
the Class A Required Amount for such Distribution Date shall be distributed from
the Collection Account on such Distribution Date (or on the Transfer Date to the
extent needed to make a Net Swap Payment) pursuant to Section 4.7(a). In the
event that the Class A Required Amount for such Distribution Date exceeds the
amount of Excess Spread and the amount of Excess Finance Charges allocable to
Series 2000-C with respect to the related Monthly Period, all or a portion of
the Reallocated Principal Collections with respect to such Monthly Period in an
amount equal to such excess shall be distributed from the Collection Account on
such Distribution Date (or on the Transfer Date to the extent needed to make a
Net Swap Payment) pursuant to Section 4.8(a).

                  (b) With respect to each Distribution Date on the related
Determination Date, the Servicer shall determine the amount (the "Class B
Required Amount"), equal to the sum of (I) the amount if any, by which (a) the
sum of (i) Class B Monthly Interest for such Distribution Date, (ii) any Class B
Monthly Interest previously due but not paid to the Class B Certificateholders
on a prior Distribution Date, (iii) any Class B Additional Interest for such
Distribution Date and any Class B Additional Interest previously due but not
paid to the Class B Certificateholders on a prior Distribution Date, (iv) the
Class B Servicing Fee for such Distribution Date and (v) any Class B Servicing
Fee previously due but not paid to the Servicer exceeds (b) the Class B
Available Funds, plus (II) the Class B Investor Default Amount for such
Distribution Date. In the event that the Class B Required Amount for such
Distribution Date is greater than zero, all or a portion of Excess Spread and
the Excess Finance Charges allocable to Series 2000-C (other than Excess Spread
and Excess Finance Charges applied pursuant to Sections 4.7(a) and (b) with
respect to such Distribution Date) with respect to the related Monthly Period
shall be applied to fund the Class B Required Amount. In the event that the
Class B Required Amount for such Distribution Date exceeds the portion of Excess
Spread and Excess Finance Charges allocated to Series 2000-C with respect to the
related Monthly Period

                                       24
<PAGE>   29

and available to fund the Class B Required Amount as provided in the preceding
sentence, all or a portion of the Reallocated Principal Collections allocable to
the Collateral Invested Amount available therefor with respect to such Monthly
Period in an amount equal to such excess shall be distributed from the
Collection Account on such Distribution Date pursuant to Section 4.8(b).

                  Section 4.5 Application of Class A Available Funds, Class B
Available Funds, Collateral Available Funds and Available Investor Principal
Collections. The Servicer shall apply or shall direct the Trustee in writing to
apply, on each Distribution Date (or Transfer Date with respect to Net Swap
Payments), Class A Available Funds, Class B Available Funds, Collateral
Available Funds and Available Investor Principal Collections for the related
Monthly Period to make the following distributions:

                  (a) On each Distribution Date (or Transfer Date with respect
to item (ii)), an amount equal to the Class A Available Funds with respect to
such Distribution Date will be distributed in the following priority:

                           (i) an amount equal to Class A Monthly Interest for
                  such Distribution Date, plus the amount of any Class A Monthly
                  Interest previously due but not distributed to the Class A
                  Certificateholders on a prior Distribution Date, plus the
                  amount of any Class A Additional Interest for such
                  Distribution Date and any Class A Additional Interest
                  previously due but not distributed to the Class A
                  Certificateholders on a prior Distribution Date, shall be
                  distributed to the Paying Agent for payment to the Class A
                  Certificateholders;

                           (ii) an amount equal to the Net Swap Payment, if any,
                  for such Transfer Date, plus the amount of any Net Swap
                  Payments previously due but not paid to the Swap Counterparty
                  shall be distributed to the Swap Counterparty (notwithstanding
                  that the distribution under this subsection 4.5(a)(ii) is to
                  be made on a date prior to the distribution to be made under
                  (i) above, the distribution under (i) above shall have
                  priority and the Trustee shall reserve Class A Available Funds
                  in an amount equal to the amount due under (i) above before
                  making any distribution under this provision (ii));

                           (iii) an amount equal to the Class A Servicing Fee
                  for such Distribution Date, plus the amount of any Class A
                  Servicing Fee previously due but not distributed to the
                  Servicer on a prior Distribution Date, shall be distributed to
                  the Servicer;

                           (iv) an amount equal to the Class A Investor Default
                  Amount for such Distribution Date shall be treated as a
                  portion of Available Investor Principal Collections for such
                  Distribution Date; and

                           (v) the balance, if any, shall constitute Excess
                  Spread and shall be allocated and distributed as set forth in
                  Section 4.7.

                  (b) On each Distribution Date, an amount equal to the Class B
Available Funds with respect to such Distribution Date will be distributed in
the following priority:

                                       25
<PAGE>   30
                           (i) an amount equal to Class B Monthly Interest for
                  such Distribution Date, plus the amount of any Class B Monthly
                  Interest previously due but not distributed to the Class B
                  Certificateholders on a prior Distribution Date, plus the
                  amount of any Class B Additional Interest for such
                  Distribution Date and any Class B Additional Interest
                  previously due but not distributed to the Class B
                  Certificateholders on a prior Distribution Date, shall be
                  distributed to the Paying Agent for payment to the Class B
                  Certificateholders;

                           (ii) an amount equal to the Class B Servicing Fee for
                  such Distribution Date, plus the amount of any Class B
                  Servicing Fee previously due but not distributed to the
                  Servicer on a prior Distribution Date, shall be distributed to
                  the Servicer; and

                           (iii) the balance, if any, shall constitute Excess
                  Spread and shall be allocated and distributed as set forth in
                  Section 4.7.

                  (c) On each Distribution Date, an amount equal to the
Collateral Available Funds with respect to such Distribution Date will be
distributed in the following priority:

                           (i) if the Bank or the Trustee is no longer the
                  Servicer, an amount equal to the Collateral Servicing Fee for
                  such Distribution Date, plus the amount of any Collateral
                  Servicing Fee previously due but not distributed to the
                  Servicer on a prior Distribution Date, shall be distributed to
                  the Servicer; and

                           (ii) the balance, if any, shall constitute Excess
                  Spread and shall be allocated and distributed as set forth in
                  Section 4.7.

                  (d) On each Distribution Date with respect to the Revolving
Period, an amount equal to the Available Investor Principal Collections for the
related Monthly Period shall be treated as Shared Principal Collections and
applied in accordance with Section 4.04 of the Agreement.

                  (e) On each Distribution Date with respect to the Accumulation
Period, the Rapid Accumulation Period, or the Rapid Amortization Period, an
amount equal to the Available Investor Principal Collections for the related
Monthly Period will be distributed in the following priority:

                           (i) an amount equal to Class A Monthly Principal for
                  such Distribution Date shall (A) during the Accumulation
                  Period and the Rapid Accumulation Period be deposited in the
                  Principal Funding Account for payment to the Class A
                  Certificateholders by the Paying Agent in accordance with
                  Section 5.1(b) on each Distribution Date beginning on the
                  earlier to occur of the Class A Expected Final Distribution
                  Date or the first Special Payment Date and (B) during the
                  Rapid Amortization Period be paid to the Holders of the Class
                  A Certificates;

                           (ii) after giving effect to the distribution referred
                  to in clause (i) above, an amount equal to Class B Monthly
                  Principal for such Distribution Date shall (A) during the
                  Accumulation Period, be deposited in the Principal Funding

                                       26
<PAGE>   31
                  Account for payment to the Class B Certificateholders by the
                  Paying Agent in accordance with subsection 5.1(d) on each
                  Distribution Date beginning on the Class B Principal
                  Commencement Date and (B) during the Rapid Accumulation Period
                  and the Rapid Amortization Period, be paid to the Holders of
                  the Class B Certificates;

                           (iii) after giving effect to the distributions
                  referred to in clauses (i) and (ii) above, an amount equal to
                  Collateral Monthly Principal for such Distribution Date, up to
                  the Collateral Invested Amount for such Distribution Date
                  shall be distributed to the Collateral Interest Holder in
                  accordance with subsection 5.1(e) on each Distribution Date
                  beginning on the earlier of the first Distribution Date for
                  the Rapid Accumulation Period or Rapid Amortization Period
                  when the Class B Investor Amount is paid in full or the
                  Collateral Principal Commencement Date; and

                           (iv) for each Distribution Date, after giving effect
                  to the distributions referred to in clauses (i), (ii) and
                  (iii) above, an amount equal to the balance, if any, of such
                  Available Investor Principal Collections then on deposit in
                  the Collection Account shall be treated as Shared Principal
                  Collections and applied in accordance with Section 4.04 of the
                  Agreement.

                  Section 4.6  Defaulted Amounts; Investor Charge-Offs.

                  (a) On each Determination Date, the Servicer shall calculate
the Class A Investor Default Amount, if any, for the related Distribution Date.
If, on any Distribution Date, the Class A Required Amount for the related
Monthly Period exceeds the sum of (x) the amount of Reallocated Principal
Collections with respect to such Monthly Period and (y) the amount of Excess
Spread and the Excess Finance Charges allocable to Series 2000-C with respect to
such Distribution Date, the Collateral Invested Amount shall be reduced by the
amount of such excess, but not by more than the excess of the Class A Investor
Default Amount for such Distribution Date over the sum of the amount of
Reallocated Principal Collections and Excess Spread and Excess Finance Charges
used to fund the Class A Investor Default Amount for such Distribution Date. In
the event that such reduction would cause the Collateral Invested Amount to be a
negative number, the Collateral Invested Amount shall be reduced to zero and the
Class B Invested Amount shall be reduced by the amount by which the Collateral
Invested Amount would have been reduced below zero, but not by more than the
excess, if any, of the Class A Investor Default Amount for such Distribution
Date over the sum of the amount of such reduction, if any, of the Collateral
Invested Amount with respect to such Distribution Date and the amount of
Reallocated Principal Collections and Excess Spread and Excess Finance Charges
used to fund the Class A Investor Default Amount for such Distribution Date. In
the event that such reduction would cause the Class B Invested Amount to be a
negative number, the Class B Invested Amount shall be reduced to zero, and the
Class A Invested Amount shall be reduced by the amount by which the Class B
Invested Amount would have been reduced below zero, but not by more than the
excess, if any, of the Class A Investor Default Amount for such Distribution
Date over the sum of the aggregate amount of the reductions, if any, of the
Collateral Invested Amount and the Class B Invested Amount for such Distribution
Date and the amount of Reallocated Principal Collections and Excess Spread and
Excess Finance Charges used to fund

                                       27
<PAGE>   32
the Class A Investor Default Amount for such Distribution Date (a "Class A
Investor Charge-Off"). Class A Investor Charge-Offs shall thereafter be
reimbursed and the Class A Invested Amount increased (but not by an amount in
excess of the aggregate unreimbursed Class A Investor Charge-Offs) on any
Distribution Date by the amount of Excess Spread and Excess Finance Charges
allocated and available for that purpose pursuant to Section 4.7(b).

                  (b) On each Determination Date, the Servicer shall calculate
the Class B Required Amount, if any, for the related Distribution Date. If, on
any Distribution Date, the Class B Required Amount for such Distribution Date
exceeds the sum of (x) the amount of Excess Spread and Excess Finance Charges
allocated to Series 2000-C with respect to the related Monthly Period which are
not used to fund the Class A Required Amount and Class A Investor Charge-Offs on
the related Distribution Date and (y) the amount of Reallocated Principal
Collections which are available to fund the Class B Required Amount on such
Distribution Date pursuant to Section 4.8(b), then the Collateral Invested
Amount shall be reduced by the amount of such excess, but not by more than the
excess of the Class B Investor Default Amount for such Distribution Date over
the sum of the amount of Reallocated Principal Collections and Excess Spread and
Excess Finance Charges used to fund the Class B Investor Default Amount for such
Distribution Date. In the event that such reduction would cause the Collateral
Invested Amount to be a negative number, the Collateral Invested Amount shall be
reduced to zero, and the Class B Invested Amount shall be reduced by the amount
by which the Collateral Invested Amount would have been reduced below zero, but
not by more than the excess, if any, of the Class B Investor Default Amount for
such Distribution Date over the sum of the amount of such reduction, if any, of
the Collateral Invested Amount with respect to such Distribution Date and the
amount of Reallocated Principal Collections and Excess Spread and Excess Finance
Charges used to fund the Class B Investor Default Amount for such Distribution
Date (a "Class B Investor Charge-Off"). Class B Investor Charge-Offs shall
thereafter be reimbursed and the Class B Invested Amount increased (but not by
an amount in excess of the aggregate unreimbursed Class B Investor Charge-Offs)
on any Distribution Date by the amount of Excess Spread and Excess Finance
Charges allocated and available for that purpose pursuant to subsection 4.7(e).

                  (c) If, on any Distribution Date, Reallocated Principal
Collections for such Distribution Date are applied pursuant to Section 4.8(a) or
(b), the Collateral Invested Amount shall be reduced by the amount of such
Reallocated Principal Collections. In the event that such reduction would cause
the Collateral Invested Amount to be a negative number, the Collateral Invested
Amount shall be reduced to zero, and the Class B Invested Amount shall be
reduced by the amount by which the Collateral Invested Amount would have been
reduced below zero.

                  (d) If, on any Distribution Date, the Collateral Default
Amount exceeds the amount of Excess Spread and Excess Finance Charges available
to fund the Collateral Default Amount pursuant to subsection 4.7(h) on such
Distribution Date, then the Collateral Invested Amount shall be reduced by the
amount of such excess; provided, however, that the Collateral Invested Amount
shall not be reduced below zero.

                  Section 4.7 Excess Spread; Excess Finance Charges. The
Servicer shall apply or shall direct the Trustee in writing to apply, on each
Distribution Date, Excess Spread and Excess

                                       28
<PAGE>   33
Finance Charges allocated to Series 2000-C with respect to the related Monthly
Period, to make the following distributions in the following priority:

                  (a) an amount equal to the Class A Required Amount, if any,
with respect to such Distribution Date shall be distributed by the Trustee to
fund any deficiency pursuant to Sections 4.5(a)(i), (ii), (iii) and (iv), in
that order of priority;

                  (b) an amount equal to the aggregate amount of Class A
Investor Charge-Offs which have not been previously reimbursed as provided in
Section 4.6(a) (after giving effect to the allocation on such Distribution Date
of any amount for that purpose pursuant to Section 4.6(a)) shall be treated as a
portion of Available Investor Principal Collections for such Distribution Date;

                  (c) an amount up to the Class B Required Amount, if any, with
respect to such Distribution Date shall be distributed by the Trustee to fund
any deficiency pursuant to Sections 4.5(b)(i) and (ii), in that order of
priority;

                  (d) an amount equal to the Class B Investor Default Amount for
such Distribution Date shall be treated as a portion of Available Investor
Principal Collections for such Distribution Date;

                  (e) an amount equal to the aggregate amount by which the Class
B Invested Amount has been reduced pursuant to clauses (c), (d) and (e) of the
definition of "Class B Invested Amount" in Section 2.1 of this Supplement (but
not in excess of the aggregate amount of such reductions which have not been
previously reimbursed) shall be treated as a portion of Available Investor
Principal Collections for such Distribution Date;

                  (f) an amount equal to the Collateral Minimum Monthly Interest
for such Distribution Date, plus the amount of any Collateral Minimum Monthly
Interest previously due but not distributed to the Collateral Interest Holder on
a prior Distribution Date pursuant to this subsection plus the amount of any
Collateral Additional Interest for such Distribution Date and any Collateral
Additional Interest previously due but not distributed to the Collateral
Interest Holder on a prior Distribution Date shall be paid to the Collateral
Interest Holder;

                  (g) an amount equal to the Collateral Servicing Fee for such
Distribution Date (or if the Bank or the Trustee is no longer the Servicer, the
portion of the Collateral Servicing Fee for such Distribution Date not paid
pursuant to Section 4.5(c)(i)), plus the amount of any Collateral Servicing Fee
previously due but not distributed to the Servicer on a prior Distribution Date,
shall be distributed to the Servicer;

                  (h) an amount equal to the Collateral Default Amount for such
Distribution Date shall be treated as a portion of Available Investor Principal
Collections with respect to such Distribution Date;

                  (i) an amount equal to the aggregate amount by which the
Collateral Invested Amount has been reduced pursuant to clause (b) of the
definition of "Collateral Invested Amount" (but not in excess of the aggregate
amount of such reductions which have not been

                                       29
<PAGE>   34
previously reimbursed) shall be treated as a portion of Available Investor
Principal Collections with respect to such Distribution Date;

                  (j) an amount up to the excess, if any, of the Required
Reserve Account Amount over the amount on deposit therein, shall be deposited
into the Reserve Account; and

                  (k) the balance, if any, shall be distributed to the
Collateral Interest Holder.

                  Section 4.8 Reallocated Principal Collections. The Servicer
shall apply or shall direct the Trustee in writing to apply on each Distribution
Date, Reallocated Principal Collections (applying all such Collections with
respect to the Collateral Invested Amount prior to applying any such Collections
with respect to the Class B Invested Amount and applying no such Collections
with respect to the Class B Invested Amount pursuant to clause (b) below) with
respect to such Distribution Date, to make the following distributions in the
following priority:

                  (a) an amount equal to the excess, if any, of (i) the Class A
Required Amount, if any, with respect to such Distribution Date over (ii) the
amount of Excess Spread and Excess Finance Charges allocated to Series 2000-C
with respect to the related Monthly Period shall, be distributed by the Trustee
to fund any deficiency pursuant to Sections 4.5(a)(i), (ii), (iii) and, (iv), in
that order of priority;

                  (b) an amount equal to the excess, if any, of (i) the Class B
Required Amount, if any, with respect to such Distribution Date over (ii) the
amount of Excess Spread and Excess Finance Charges allocated and available to
the Class B Certificates pursuant to Sections 4.7(c) and (d) on such
Distribution Date, shall be distributed by the Trustee to fund any deficiency
pursuant to Sections 4.5(b)(i) and (ii) and Section 4.7(d), in that order of
priority; and

                  (c) the balance, if any, of such Reallocated Principal
Collections shall be treated as a portion of Available Investor Principal
Collections to be applied in accordance with subsections 4.5(d) and (e).

                  Section 4.9 Excess Finance Charges. On each Distribution Date,
(a) the Servicer shall allocate the aggregate amount for all outstanding Series
in Group One that the related Supplements or Transfer Agreements specify are to
be treated as a portion of Excess Finance Charges for such Distribution Date
(collectively, "Excess Finance Charges") as specified in the Supplements or
Transfer Agreements for each Series in Group One and (b) the Servicer shall
withdraw (or shall instruct the Trustee in writing to withdraw) from the
Collection Account and pay to the Holders of the Seller Certificates an amount
equal to the excess, if any, of (x) the Excess Finance Charges for such
Distribution Date over (y) the aggregate amount for all Series in Group One that
the related Supplements specify are Finance Charge Shortfalls (as defined in the
related Supplements or Transfer Agreements ) for such Distribution Date. Excess
Finance Charges for any Distribution Date will be allocated to Series 2000-C in
an amount equal to the product of (x) the aggregate amount of Excess Finance
Charges for such Distribution Date and (y) a fraction, the numerator of which is
the Finance Charge Shortfall for Series 2000-C for such Distribution Date and
the denominator of which is the aggregate amount of Finance Charge Shortfalls
for all the Series in Group One for such Distribution Date. The amount of
"Excess Finance Charges" for Series 2000-C for any Distribution Date shall be
specified in the Transfer

                                       30
<PAGE>   35
Agreement. On each Distribution Date, the Trustee shall deposit in the
Collection Account for application in accordance with Section 4.5 of the
Agreement, the amount of "Excess Finance Charges" received by the Trustee
pursuant to the Transfer Agreement on such date. The "Finance Charge Shortfall"
for Series 2000-C for any Distribution Date shall be equal to the excess, if
any, of (a) the full amount required to be paid, without duplication, pursuant
to Sections 4.5(a), 4.5(b), 4.5(c) and 4.7(a) through (j) on such Distribution
Date over (b) the sum of Class A Available Funds, Class B Available Funds and
Collateral Available Funds with respect to the related Monthly Period.

                  Section 4.10 Shared Principal Collections. Subject to Section
4.04 of the Agreement, Shared Principal Collections for any Distribution Date
will be allocated to Series 2000-C in an amount equal to the product of (x) the
aggregate amount of Shared Principal Collections with respect to all Series in
Group One for such Distribution Date and (y) a fraction, the numerator of which
is the Principal Shortfall for Series 2000-C for such Distribution Date and the
denominator of which is the aggregate amount of Principal Shortfalls for all the
Series which are Principal Sharing Series in Group One for such Distribution
Date. The "Principal Shortfall" for Series 2000-C shall be equal to (a) for any
Distribution Date with respect to the Revolving Period, the Rapid Amortization
Period or the Rapid Accumulation Period, zero, and (b) for any Distribution Date
with respect to the Accumulation Period on or prior to the Class B Expected
Final Distribution Date, the excess, if any, of the Controlled Deposit Amount
with respect to such Distribution Date over the amount of Available Investor
Principal Collections for such Distribution Date (excluding any portion thereof
attributable to Shared Principal Collections) and (c) for each Distribution Date
on or after the Class B Expected Final Distribution Date, the excess, if any, of
the Invested Amount over the amount of Available Investor Principal Collections
for such Distribution Date (excluding any portion thereof attributable to Shared
Principal Collections).

                  Section 4.11 Determination of LIBOR.

                  (a) On each LIBOR Determination Date, the Trustee shall
determine LIBOR based on the rate for deposits in United States dollars for a
period of the Designated Maturity which appears on Telerate Page 3750 as of
11:00 A.M. (London Time) on such date.

                  (b) If such rate does not appear on Telerate Page 3750, the
Trustee will determine LIBOR on the basis of quotations of the offered rates for
deposits in United States dollars provided by the Reference Banks at
approximately 11:00 A.M. (London time) on such LIBOR Determination Date to prime
banks in the London interbank market for a period of the Designated Maturity. If
at least two such quotations are provided, LIBOR will be the arithmetic mean of
such quotations.

                  (c) If, on the LIBOR Determination Date, such rate does not
appear on Telerate Page 3750 and only one or none of the Reference Banks
provides such offered quotations, LIBOR will be the rate per annum that the
Trustee determines to be the arithmetic mean of the offered quotations that
three major banks in The City of New York selected by the Servicer are quoting
at approximately 11:00 A.M. (New York City time) on that day for loans in United
States dollars to leading European banks for a period of the Designated
Maturity.

                                       31
<PAGE>   36
                  Section 4.12  Principal Funding Account.

                           (a)(i) The Servicer, for the benefit of the Series
                  2000-C Holders, shall establish and maintain in the name of
                  the Trustee, on behalf of the Trust, an Eligible Deposit
                  Account (the "Principal Funding Account"), bearing a
                  designation clearly indicating that the funds deposited
                  therein are held for the benefit of the Series 2000-C
                  Certificateholders. The Principal Funding Account shall
                  initially be established by the Trustee.

                           (ii) At the written direction of the Servicer, funds
                  on deposit in the Principal Funding Account shall be invested
                  by the Trustee in Eligible Investments selected by the
                  Servicer. All such Eligible Investments shall be held by the
                  Trustee for the benefit of the Series 2000-C
                  Certificateholders; provided that on each Distribution Date
                  all interest and other investment income (net of losses and
                  investment expenses ) ("Principal Funding Investment
                  Proceeds") on funds on deposit therein shall be applied as set
                  forth in paragraph (iii) below. Funds on deposit in the
                  Principal Funding Account shall be invested in Eligible
                  Investments that will mature so that such funds will be
                  available at the close of business on the Transfer Date
                  preceding the following Distribution Date. No Eligible
                  Investment shall be disposed of prior to its maturity;
                  provided, however, that the Trustee may sell, liquidate or
                  dispose of an Eligible Investment before its maturity, if so
                  directed in writing by the Servicer, the Servicer having
                  reasonably determined that the interest of the Series 2000-C
                  Certificateholders may be adversely affected if such Eligible
                  Investment is held to its maturity. Unless the Servicer
                  directs otherwise, funds deposited in the Principal Funding
                  Account on a Transfer Date (which immediately precedes a
                  Distribution Date) upon the maturity of any Eligible
                  Investments are not required to be invested overnight.

                           (iii) On each Distribution Date with respect to the
                  Accumulation Period or the Rapid Accumulation Period, the
                  Servicer shall direct the Trustee in writing to withdraw from
                  the Principal Funding Account and deposit into the Collection
                  Account all Principal Funding Investment Proceeds then on
                  deposit in the Principal Funding Account, and such Principal
                  Funding Investment Proceeds shall be treated as a portion of
                  Class A Available Funds for such Distribution Date.

                           (iv) Reinvested interest and other investment income
                  on funds deposited in the Principal Funding Account shall not
                  be considered to be principal amounts on deposit therein for
                  purposes of this Supplement.

                           (v) The Trustee shall possess all right, title and
                  interest in all funds on deposit from time to time in the
                  Principal Funding Account and in all proceeds thereof. The
                  Principal Funding Account shall be under the sole dominion and
                  control of the Trustee for the benefit of the Series 2000-C
                  Certificateholders. If, at any time, the Principal Funding
                  Account ceases to be an Eligible Deposit Account, the Trustee
                  shall within 10 Business Days (or such longer period, not to
                  exceed 30 calendar days, as to which each Rating Agency may
                  consent) establish a new Principal Funding Account meeting the
                  conditions specified in paragraph

                                       32
<PAGE>   37

                  (a) (i) above as an Eligible Deposit Account and shall
         transfer any cash and/or any investments to such new Principal Funding
         Account.

                  (vi) Pursuant to the authority granted to the Servicer in
         Section 3.01(b) of the Agreement, the Servicer shall have the power,
         revocable by the Trustee, to make withdrawals and payments or to
         instruct the Trustee in writing to make withdrawals and payments from
         the Principal Funding Account for the purposes of carrying out the
         Servicer's or Trustee's duties hereunder. Pursuant to the authority
         granted to the Paying Agent in Section 5.1 of this Supplement and
         Section 6.07 of the Agreement, the Paying Agent shall have the power,
         revocable by the Trustee, to withdraw funds from the Principal Funding
         Account for the purpose of making distributions to the Series 2000-C
         Certificateholders.

                  Section 4.13 Accumulation Period. The Accumulation Period is
scheduled to commence on the Accumulation Date; provided, however, that if the
Accumulation Period Length on any Determination Date (determined as described
below) is less than nine months, upon notice to the Trustee, the Seller, each
Rating Agency and the Collateral Interest Holder, the Servicer, at its option,
may elect to modify the date on which the Accumulation Period actually commences
to the first day of the month that is a number of months prior to the month in
which the Class A Expected Final Distribution Date occurs at least equal to the
Accumulation Period Length (so that, as a result, the number of Monthly Periods
in the Accumulation Period will at least equal the Accumulation Period Length);
provided, however, that (i) the length of the Accumulation Period will not be
less than one month; and (ii) notwithstanding any other provision of this
Supplement to the contrary, no election to postpone the commencement of the
Accumulation Period shall be made after a Pay Out Event (as defined in the
related Supplement) shall have occurred and is continuing with respect to any
other Series. On each Determination Date, the Servicer will determine the
"Accumulation Period Length," which will mean a number of months such that the
amount available for distribution of principal on the Class A Certificates on
the Class A Expected Final Distribution Date and for distribution of principal
on the Class B Certificates on the Class B Expected Final Distribution Date will
equal or exceed the sum of the Class A Investor Amount and the Class B Investor
Amount, assuming for this purpose that (1) the payment rate with respect to
Collections of Principal Receivables remains constant at the lowest level of
such payment rate during the twelve preceding Monthly Periods (or such lower
payment rate as the Servicer may select), (2) the total amount of Principal
Receivables in the Trust (and the principal amount on deposit in the Excess
Funding Account, if any) remains constant at the level on such date of
determination, (3) no Pay Out Event with respect to any Series will subsequently
occur and (4) no additional Series (other than any Series being issued on such
date of determination) will be subsequently issued. Any notice by the Servicer
electing to modify the commencement of the Accumulation Period pursuant to this
Section 4.13 shall specify (i) the Accumulation Period Length, (ii) the
commencement date of the Accumulation Period and (iii) the Controlled
Accumulation Amount with respect to each Monthly Period during the Accumulation
Period.

                  Section 4.14  Reserve Account.

                  (a) The Servicer shall establish and maintain, in the name of
the Trustee, on behalf of the Trust, for the benefit of the Series 2000-C
Holders, an Eligible Deposit Account

                                       33
<PAGE>   38
(the "Reserve Account") bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the Series 2000-C Holders. The
Reserve Account shall initially be established with the Trustee. The Trustee
shall possess all right, title and interest in all funds on deposit from time to
time in the Reserve Account and in all proceeds thereof. The Reserve Account
shall be under the sole dominion and control of the Trustee for the benefit of
the Series 2000-C Holders. If at any time the Reserve Account ceases to be an
Eligible Deposit Account, the Trustee (or the Servicer on its behalf) shall
within 10 Business Days (or such longer period, not to exceed 30 calendar days,
as to which each Rating Agency may consent) establish a new Reserve Account
meeting the conditions specified above as an Eligible Deposit Account, and shall
transfer any cash and/or any investments to such new Reserve Account. The
Trustee, at the written direction of the Servicer, shall (i) make withdrawals
from the Reserve Account from time to time for the purposes set forth in this
Supplement, and (ii) on each Distribution Date (from and after the Reserve
Account Funding Date) prior to the termination of the Reserve Account make a
deposit into the Reserve Account in the amount specified in, and otherwise in
accordance with, Section 4.7(j).

                  (b) Funds on deposit in the Reserve Account shall be invested
at the written direction of the Servicer by the Trustee in Eligible Investments.
Funds on deposit in the Reserve Account on any Transfer Date, after giving
effect to any withdrawals from the Reserve Account on such Transfer Date, shall
be invested in such investments that will mature so that such funds will be
available for withdrawal on or prior to the immediately succeeding Transfer
Date. The Trustee shall maintain for the benefit of the Series 2000-C Holders
possession of the negotiable instruments or securities, if any, evidencing such
Eligible Investments. No Eligible Investment shall be disposed of prior to its
maturity; provided, however, that the Trustee may sell, liquidate or dispose of
an Eligible Investment before its maturity, if so directed by the Servicer in
writing, the Servicer having reasonably determined that the interest of the
Series 2000-C Holders may be adversely affected if such Eligible Investment is
held to its maturity. On each Distribution Date, all interest and earnings (net
of losses and investment expenses) accrued since the preceding Distribution Date
on funds on deposit in the Reserve Account shall be retained in the Reserve
Account (to the extent that the amount on deposit in the Reserve Account is less
than the Required Reserve Account Amount) and the balance, if any, shall be
deposited in the Collection Account and treated as Collections of Finance Charge
Receivables allocable to Series 2000-C. For purposes of determining the
availability of funds or the balance in the Reserve Account for any reason under
this Supplement, except as otherwise provided in the preceding sentence,
investment earnings on such funds shall be deemed not to be available or on
deposit.

                  (c) On the Determination Date preceding each Distribution Date
with respect to the Accumulation Period (prior to the Class B Expected Final
Distribution Date) and on the Determination Date prior to the earlier of the
first Distribution Date with respect to the Rapid Accumulation Period and the
first Special Payment Date, the Servicer shall calculate the "Reserve Draw
Amount" which shall be equal to the excess, if any, of the Covered Amount with
respect to such Distribution Date or Special Payment Date over the Principal
Funding Investment Proceeds with respect to such Distribution Date or Special
Payment Date; provided, that such amount will be reduced to the extent that
funds otherwise would be available for deposit in the Reserve Account under
subsection 4.7(j) with respect to such Distribution Date.

                                       34
<PAGE>   39

                  (d) In the event that for any Distribution Date the Reserve
Draw Amount is greater than zero, the Reserve Draw Amount, up to the amount on
deposit in the Reserve Account, shall be withdrawn from the Reserve Account on
the related Transfer Date by the Trustee (acting in accordance with the
instructions of the Servicer), deposited into the Collection Account and
included in the Class A Available Funds for such Distribution Date.

                  (e) In the event that the Reserve Account Surplus on any
Distribution Date, after giving effect to all deposits to and withdrawals from
the Reserve Account with respect to such Distribution Date, is greater than
zero, the Trustee, acting in accordance with the written instructions of the
Servicer, shall withdraw from the Reserve Account, and distribute to the
Collateral Interest Holder, an amount equal to such Reserve Account Surplus.

                  (f) Upon the earliest to occur of (i) the termination of the
Trust pursuant to Article XII of the Agreement, (ii) the day on which the Class
A Investor Amount is paid in full to the Class A Certificateholders, (iii) if
the Accumulation Period has not commenced, the occurrence of a Pay Out Event
with respect to Series 2000-C and (iv) if the Accumulation Period has commenced,
the earliest of (x) the first Distribution Date with respect to the Rapid
Accumulation Period, (y) the first Special Payment Date and (z) the Class A
Expected Final Distribution Date, the Trustee, acting in accordance with the
written instructions of the Servicer, after the prior payment of all amounts
owing to the Series 2000-C Certificateholders which are payable from the Reserve
Account as provided herein, shall withdraw from the Reserve Account and
distribute to the Collateral Interest Holder all amounts, if any, on deposit in
the Reserve Account and the Reserve Account shall be deemed to have terminated
for purposes of this Supplement.

                  Section 4.15  Swap Reserve Fund.

                  (a) The Servicer shall establish and maintain in the name of
the Trustee, on behalf of the Trust, for the benefit of the Class A
Certificateholders, the Swap Counterparty and the Seller, as their interests
appear herein, an Eligible Deposit Account (the "Swap Reserve Fund"), bearing a
designation clearly indicating that the funds deposited therein are held for the
benefit of the Class A Certificateholders, the Swap Counterparty and the Seller.
The Swap Reserve Fund shall initially be established with the Trustee. The
Trustee shall possess all right, title and interest in all funds on deposit from
time to time in the Swap Reserve Fund and in all proceeds thereof. The Swap
Reserve Fund shall be under the sole dominion and control of the Trustee for the
benefit of the Class A Certificateholders, the Swap Counterparty and the Seller.
If at any time the Swap Reserve Fund ceases to be an Eligible Deposit Account,
the Trustee (or the Servicer on its behalf) shall, within 10 Business Days (or
such longer period, not to exceed 30 calendar days, as to which each Rating
Agency may consent) establish a new Swap Reserve Fund meeting the conditions
specified above as an Eligible Deposit Account, and shall transfer any cash or
any investments to such new Swap Reserve Fund. The Trustee, at the written
direction of the Servicer, shall make withdrawals from the Swap Reserve Fund
from time to time in an amount up to the Available Swap Reserve Fund Amount in
the amounts and at the times set forth in this Section 4.15.

                  (b) On the Closing Date, the Trustee shall deposit an amount
equal to the Required Swap Reserve Fund Amount received by it from the Seller in
immediately available

                                       35
<PAGE>   40
funds into the Swap Reserve Fund. Funds on deposit in the Swap Reserve Fund
shall be invested at the written direction of the Servicer by the Trustee in
Eligible Investments. Funds on deposit in the Swap Reserve Fund on any Transfer
Date, after giving effect to any withdrawals from the Swap Reserve Fund on such
Transfer Date, shall be invested in such investments that will mature so that
such funds will be available for withdrawal on or prior to the following
Transfer Date. The Trustee shall maintain for the benefit of the Class A
Certificateholders, the Swap Counterparty and the Seller possession of the
negotiable instruments or securities, if any, evidencing such Eligible
Investments. No Eligible Investment shall be disposed of prior to its maturity;
provided, however, that the Trustee may sell, liquidate or dispose of an
Eligible Investment before its maturity, if so directed by the Servicer in
writing, the Servicer having reasonably determined that the interest of the
Class A Certificateholders, the Swap Counterparty and the Seller may be
adversely affected if such Eligible Investment is held to its maturity. On each
Distribution Date, all interest and earnings (net of losses and investment
expenses) accrued since the preceding Distribution Date on funds on deposit in
the Swap Reserve Fund shall be retained in the Swap Reserve Fund (to the extent
that the amount on deposit in the Swap Reserve Fund is less than the Required
Swap Reserve Fund Amount) and the balance, if any, shall be distributed to the
Collateral Interest Holder in accordance with subsection 5.1(e) on such
Distribution Date. For purposes of determining the availability of funds or the
balance in the Swap Reserve Fund for any reason under this Supplement, except as
otherwise provided in the preceding sentence, investment earnings on such funds
shall be deemed not to be available or on deposit.

                  (c) On the Determination Date preceding each Distribution Date
with respect to the Rapid Accumulation Period and on the Determination Date
preceding the first Special Payment Date with respect to the Rapid Amortization
Period if such Rapid Amortization Period commences after the commencement of the
Rapid Accumulation Period, the Servicer shall calculate the "Swap Reserve Draw
Amount" which shall be equal to the excess, if any, of the Covered Amount with
respect to such Distribution Date or Special Payment Date over the Principal
Funding Investment Proceeds with respect to such Distribution Date or Special
Payment Date; provided, however, that on the first Distribution Date with
respect to the Rapid Accumulation Period, the "Swap Reserve Draw Amount" shall
be equal to the excess, if any, of the Covered Amount with respect to such
Distribution Date over the sum of the Principal Funding Investment Proceeds with
respect to such Distribution Date and the amount withdrawn from the Reserve
Account on such Distribution Date pursuant to subsection 4.14(d).

                  (d) If with respect to any Distribution Date or the Special
Payment Date, the Swap Reserve Draw Amount is greater than zero, the Swap
Reserve Draw Amount, up to the Available Swap Reserve Fund Amount, shall be
withdrawn from the Swap Reserve Fund on the related Transfer Date by the Trustee
(acting in accordance with the written instructions of the Servicer), and
deposited into the Collection Account and treated as Class A Available Funds for
such Distribution Date to be applied pursuant to subsection 4.5(a).

                  (e) In the event that for any Transfer Date, the Trust owes an
amount to the Swap Counterparty due to an early termination of the Interest Rate
Swap pursuant to the terms thereof, the Trustee (acting in accordance with the
written instructions of the Servicer) shall withdraw from the Swap Reserve Fund
on such Transfer Date and pay to the Swap Counterparty an amount equal to the
lesser of (a) the Available Swap Reserve Fund Amount for such

                                       36
<PAGE>   41
Distribution Date (after giving effect to any withdrawal pursuant to subsection
4.15(d) on such Transfer Date) and (b) the aggregate amount owed by the Trust to
the Swap Counterparty on such Transfer Date due to such early termination of the
Interest Rate Swap.

                  (f) In the event that the Swap Reserve Fund Surplus on any
Distribution Date, after giving effect to all withdrawals from the Swap Reserve
Fund with respect to the related Transfer Date, is greater than zero, the
Trustee, acting in accordance with the written instructions of the Servicer,
shall withdraw from the Swap Reserve Fund an amount equal to such Swap Reserve
Fund Surplus and distribute such amount to the Collateral Interest Holder in
accordance with subsection 5.1(e).

                  (g) Upon the earliest to occur of (i) the Class A Expected
Final Distribution Date, (ii) the termination of the Trust pursuant to Article
XII of the Agreement, (iii) the Distribution Date immediately following the
termination of the Interest Rate Swap (or, if the Interest Rate Swap terminates
on a Distribution Date, such Distribution Date) and (iv) the first Distribution
Date with respect to the Rapid Amortization Period (after taking into account
all payments to be made on such date), the Trustee, acting in accordance with
the instructions of the Servicer, after withdrawing all amounts owing from the
Swap Reserve Fund as provided herein, shall withdraw from the Swap Reserve Fund
and distribute to the Collateral Interest Holder in accordance with subsection
5.1(e) amounts, if any, on deposit in the Swap Reserve Fund, and the Swap
Reserve Fund shall be deemed to have terminated for purposes of this Series
Supplement.

                  Section 4.16.     Interest Rate Swap.

                  (a) The Trustee, on behalf of the Trust, shall enter into the
Interest Rate Swap, certain terms of which are set forth herein for the
convenience of the parties thereto for incorporation therein by reference, with
the Swap Counterparty on the Closing Date. Pursuant to the terms of the Interest
Rate Swap, the Swap Counterparty shall pay to the Trustee, on behalf of the
Trust, on each Transfer Date the Net Swap Receipt, if any, plus the amount of
any Net Swap Receipt due but not paid with respect to any previous Distribution
Date. The Trustee, on behalf of the Trust, shall deposit such Net Swap Receipts,
if any, into the Collection Account and shall apply such amounts as Class A
Available Funds pursuant to subsection 4.5(a). In addition, in accordance with
the terms of the Interest Rate Swap, the Trustee shall pay to the Swap
Counterparty the Net Swap Payment, if any, for such Transfer Date, plus the
amount of any Net Swap Payment due but not paid on any previous Transfer Date,
from amounts applied pursuant to subsections 4.5(a)(ii). If the Interest Rate
Swap has not been terminated and the Trustee has not received any Net Swap
Receipt due with respect to the related Transfer Date prior to 10:00 a.m. on the
date such payment is due, (i) the Trustee shall notify the Swap Counterparty,
the Seller and the Servicer of such fact prior to 12:00 p.m. on such date, (ii)
the Trustee, if directed in writing by the Servicer, shall designate an Early
Termination Date (as such term is defined in the Interest Rate Swap) pursuant to
the Interest Rate Swap and shall, if the Seller so directs, terminate the
Interest Rate Swap pursuant to its terms, and (iii) the Servicer shall provide
the Trustee, prior to 4:30 p.m. on the related Transfer Date, with new
statements substantially in the forms of Exhibit B and Exhibit C to this Series
Supplement revised, if necessary, to reflect that the Net Swap Receipt (or any
portion thereof) was not received by the Trustee for such Transfer Date.

                                       37
<PAGE>   42

                  (b) Following the termination of the Interest Rate Swap
pursuant to the terms thereof, the Swap Counterparty shall pay to the Trustee
the amount of the termination payment, if any, to be made by the Swap
Counterparty pursuant to Section 6 of the Interest Rate Swap. The Trustee shall,
promptly upon receipt of such termination payment, if any, and at the written
direction of the Servicer distribute the amount of such termination payment to
the Collateral Interest Holder in accordance with subsection 5.1(e).

                  (c) The Trustee, at the written direction of the Seller, shall
direct the Swap Counterparty to assign its rights and obligations under the
Interest Rate Swap to a replacement Swap Counterparty, in the event that the
long-term, senior unsecured debt rating of the Swap Counterparty is reduced
below BBB- by Standard & Poor's or below Baa3 by Moody's. The Seller shall, for
such purposes, monitor the ratings of the Swap Counterparty and the Trustee
shall not be responsible for monitoring the ratings of the Swap Counterparty.
The Seller shall give Standard & Poor's and Moody's notice of the replacement of
the Swap Counterparty as soon as practicable thereafter.

                  (d) The parties hereto agree that all obligations of the
Trustee on behalf of the Trust under the Interest Rate Swap shall be paid from,
and limited to, funds specifically available therefor pursuant to subsections
4.5(a)(ii) and 4.15(e) of this Series Supplement and that the Trustee shall not
be required to expend or risk its own funds or otherwise incur any liability in
connection with the Interest Rate Swap.

                  (e) If a Responsible Officer of the Trustee has actual
knowledge of any event specified in Section 5 of the Interest Rate Swap, the
Trustee shall provide written notice of such event to the Servicer, the Seller
and the Rating Agencies. The Trustee, however, shall not be required to monitor
such events. The Seller, upon becoming aware of any event specified in Section 5
of the Interest Rate Swap, whether pursuant to notice from the Trustee or
otherwise, shall immediately provide the Trustee with written instructions as to
the course of action to be taken under Section 6 of the Interest Rate Swap,
including without limitation any notices to be provided and whether or not an
Early Termination Date (as defined in the Interest Rate Swap) should be
designated and, if so, when such Early Termination Date should be designated.
Prior to receiving such written instructions from the Seller, the Trustee shall
not designate an Early Termination Date and shall not terminate the Interest
Rate Swap.

                  (f) At the request of the Trustee, the Seller shall provide
the Trustee with any document the Trustee is required to provide the Swap
Counterparty pursuant to Section 4(a) of the Interest Rate Swap.

                  (g) In the event (i) the short-term debt rating of the Swap
Counterparty is reduced below A-1 or is withdrawn by Standard & Poor's, (ii) the
short-term debt rating of the Swap Counterparty is reduced below F1+ or is
withdrawn by Fitch, (iii) the long-term, senior unsecured debt rating of the
Swap Counterparty is reduced below A- by Standard & Poor's or is withdrawn by
Standard & Poor's or (iv) the long-term, senior unsecured debt rating of the
Swap Counterparty is reduced below AA- by Fitch or is withdrawn by Fitch, then
the Swap Counterparty will be required within 30 days from the date of such
reduction or withdrawal to fund the Interest Reserve Account in an amount equal
to one-twelfth of the product of (a) the Swap Fixed Rate and (b) the Fixed Rate
Notional Amount as of the Record Date preceding such

                                       38
<PAGE>   43
reduction or withdrawal (the "Required Interest Reserve Amount"). The Swap
Counterparty's failure to adequately fund the Interest Reserve Account within 30
days of such reduction or withdrawal shall constitute an "Interest Reserve
Account Event." Notwithstanding the foregoing provisions of this subsection
4.16(g), in the case of a replacement Swap Counterparty, if the replacement Swap
Counterparty does not have a short-term debt rating by Standard & Poor's, then
provision (i) of the first sentence of this subsection 4.16(g) shall not apply
to such replacement Swap Counterparty and the rating referred to in provision
(iii) of the first sentence of this subsection 4.16(g) shall be changed to A+.

                  (h) It is expressly understood and agreed by the parties
hereto that (i) the Interest Rate Swap is entered into by Bankers Trust Company,
not individually or personally but solely as Trustee of the Trust in the
exercise of the powers and authority conferred and vested in it, (ii) the
representations, undertakings and agreements made in the Interest Rate Swap on
the part of the Trust are made and intended not as personal representations,
undertakings and agreements by the Trustee but are made and intended for the
purpose or binding only the Trust, (iii) nothing herein contained shall be
construed as creating any liability on the Trustee, individually or personally,
to perform any covenant of the Trust either expressed or implied contained
herein, all such liability, if any, being expressly waived by the parties who
are signatories to this Supplement and by any Persons claiming by, through or
under such parties; provided, however, that the Trustee shall be liable in its
individual capacity for its own willful misconduct or gross negligence and (iv)
under no circumstances shall the Trustee be personally liable for the payment of
any indebtedness or expenses of the Trust or be liable for the breach or failure
of any obligation, representation, warranty or covenant made or undertaken by
the Trust under this Agreement.

                  (i) No recourse under the Supplement or the Interest Rate Swap
shall be had against, and no personal liability shall attach to, any officer,
employee, director, affiliate or shareholder of the Trustee, as such, by the
enforcement of any assessment or by any legal or equitable proceeding, by virtue
of any statute or otherwise in respect of the Supplement, the Interest Rate Swap
and the Certificates.

                  (j) The Seller agrees to indemnify, the Trustee, its officers,
directors, employees and agents for, and to hold it harmless against, any loss,
liability or expense incurred without negligence or willful misconduct on the
Trustee's part, arising out of or in connection with its execution of the
Interest Rate Swap on behalf of the Trust. This indemnity shall survive the
termination of the Supplement and the Interest Rate Swap and the resignation or
removal of the Trustee.

                  Section 4.17.     Interest Reserve Account.

                  (a) The Servicer shall establish and maintain in the name of
the Trustee, on behalf of the Trust, for the benefit of the Class A
Certificateholders, an Eligible Deposit Account (the "Interest Reserve Account")
bearing a designation clearly indicating that the funds deposited therein are
held for the benefit of the Class A Certificateholders. The Interest Reserve
Account shall initially be established with the Trustee. The Trustee shall
possess all right, title and interest in all funds on deposit from time to time
in the Interest Reserve Account and in all proceeds thereof. The Interest
Reserve Account shall be under the sole dominion and control of

                                       39
<PAGE>   44
the Trustee for the benefit of the Class A Certificateholders. If at any time
the Interest Reserve Account ceases to be an Eligible Deposit Account, the
Trustee (or the Servicer on its behalf) shall within 10 Business Days (or such
longer period, not to exceed 30 calendar days, as to which each Rating Agency
may consent) establish a new Interest Reserve Account meeting the conditions
specified above as an Eligible Deposit Account, and shall transfer any cash
and/or any investments to such new Interest Reserve Account.

                  (b) Funds on deposit in the Interest Reserve Account shall be
invested at the written direction of the Swap Counterparty by the Trustee in
Eligible Investments. Funds on deposit in the Interest Reserve Account on any
Transfer Date, after giving effect to any withdrawal from the Interest Reserve
Account on such Transfer Date, shall be invested in such investments that will
mature so that such funds will be available for withdrawal on or prior to the
following Transfer Date. The Trustee shall maintain for the benefit of the Class
A Certificateholders the negotiable instruments or securities, if any,
evidencing such Eligible Investments. No Eligible Investment shall be disposed
of prior to its maturity; provided, however, that the Trustee may sell,
liquidate or dispose of an Eligible Investment before its maturity, if so
directed by the Servicer in writing, the Servicer having reasonably determined
that the interest of the Class A Certificateholders may be adversely affected if
such Eligible Investment is held to its maturity. On each Transfer Date, all
interest and earnings (net of losses and investment expenses) accrued since the
preceding Distribution Date on funds on deposit in the Interest Reserve Account
shall be retained in the Interest Reserve Account (to the extent that the amount
on deposit in the Interest Reserve Account is less than the Required Interest
Reserve Amount) and the balance, if any, shall be distributed to the Swap
Counterparty. For purposes of determining the availability of funds or the
balance in the Interest Reserve Account for any reason under this Supplement,
except as otherwise provided in the preceding sentence, investment earnings on
such funds shall be deemed not to be available or on deposit.

                  (c) In the event that the Interest Rate Swap terminates due to
a default by the Swap Counterparty, on the Transfer Date on or immediately
following such termination, the Trustee, at the written direction of the
Servicer, shall withdraw from the Interest Reserve Account an amount equal to
the least of (i) the Net Swap Receipt, if any, with respect to such Transfer
Date plus the amount of any Net Swap Receipt previously due but not paid to the
Trust, (ii) the amount on deposit in the Interest Reserve Account on such
Transfer Date and (iii) the Required Interest Reserve Amount, and shall deposit
such amount in the Collection Account to be included in Class A Available Funds
with respect to such Distribution Date and give notice of such withdrawal to
each Rating Agency.

                  (d) Upon the earliest to occur of (i) any Transfer Date
subsequent to the increase of the Swap Counterparty's credit rating or ratings
to the level that each of the following is true: the Swap Counterparty's
short-term debt rating by Standard & Poor's is not less than A-1 and by Fitch is
not less the F1+ and the Swap Counterparty's long-term, senior unsecured debt
rating is not less than A- by Standard & Poor's, and is not less than AA- by
Fitch, (ii) the Transfer Date on or immediately following the termination of the
Interest Rate Swap, (iii) the Transfer Date immediately preceding the Class A
Expected Final Transfer Date, (iv) the termination of the Trust pursuant to
Article XII of the Agreement, (v) the Series Termination Date and (vi) the first
Transfer Date relating to the Rapid Amortization Period (after taking into
account all payments to be made on such date or the immediately following
Transfer Date

                                       40
<PAGE>   45
pursuant to subsection 4.17(c) above), the Trustee, acting in accordance with
the written instructions of the Servicer, after the prior payment of all amounts
owing to the Series 2000-C Certificateholders that are payable from the Interest
Reserve Account as provided herein, shall withdraw from the Interest Reserve
Account and pay to the Swap Counterparty pursuant to the terms of the Interest
Rate Swap, all amounts, if any, on deposit in the Interest Reserve Account. A
withdrawal of amounts from the Interest Reserve Account as provided in this
subsection 4.17(d) shall not be deemed to preclude future funding of the
Interest Reserve Account again if so required under subsection 4.16(g).
Notwithstanding the foregoing provisions if the Interest Rate Swap has been
assigned to a replacement Swap Counterparty then provision (i) of the first
sentence of this subsection 4.17(d) shall read as follows: any Transfer Date
subsequent to the increase of the Swap Counterparty's credit rating or ratings
to the level that each of the following is true: the replacement Swap
Counterparty's short-term debt rating by Standard & Poor's, if any, is not less
than A-1 and by Fitch is not less than F1+ and the Swap Counterparty's
long-term, senior unsecured debt rating is not less than AA- by Fitch and not
less than A- by Standard & Poor's if the replacement Swap Counterparty has a
short-term debt rating by Standard & Poor's or not less than A+ by Standard &
Poor's if the replacement Swap Counterparty does not have a short-term debt
rating by Standard & Poor's.

                                    ARTICLE V
          Distributions and Reports to Series 2000-C Certificateholders

                  Section 5.1 Distributions.

                  (a) On each Distribution Date, the Paying Agent shall
distribute to each Class A Certificateholder of record on the related Record
Date (other than as provided in Section 12.02 of the Agreement) such Class A
Certificateholder's pro rata share of the amounts that are allocated and
available on such Distribution Date to pay interest on the Class A Certificates
pursuant to this Supplement.

                  (b) On each Distribution Date, commencing with the first to
occur of the Class A Expected Final Payment Date and the first Special Payment
Date, the Paying Agent shall distribute to each Class A Certificateholder of
record on the related Record Date (other than as provided in Section 12.02 of
the Agreement) such Class A Certificateholder's pro rata share of the amounts
that are on deposit in the Principal Funding Account or that are otherwise
allocated and available on such date to pay principal of the Class A
Certificates pursuant to this Supplement up to a maximum amount on any such date
equal to the Class A Investor Amount on such date (unless there has been an
optional repurchase of the Certificateholders' Interest pursuant to Section
10.01 of the Agreement, in which event the foregoing limitation will not apply).

                  (c) On each Distribution Date, the Paying Agent shall
distribute to each Class B Certificateholder of record on the related Record
Date (other than as provided in Section 12.02 of the Agreement) such Class B
Certificateholder's pro rata share of the amounts that are allocated and
available on such Distribution Date to pay interest on the Class B Certificates
pursuant to this Supplement.

                                       41
<PAGE>   46
                  (d) On each Distribution Date, commencing with the Class B
Principal Commencement Date, the Paying Agent shall distribute to each Class B
Certificateholder of record on the related Record Date (other than as provided
in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata
share of the amounts that are on deposit in the Principal Funding Account (after
payments have been made to the Class A Certificateholders as provided in (b)
above or, during the Rapid Accumulation Period, after the full Class A Investor
Amount is on deposit in the Principal Funding Account) or that are otherwise
allocated and available on such date to pay principal of the Class B
Certificates pursuant to this Supplement up to a maximum amount on any such date
equal to the Class B Investor Amount on such date (unless there has been an
optional repurchase of the Certificateholders' Interest pursuant to Section
10.01 of the Agreement, in which event the foregoing limitation will not apply).

                  (e) On each Transfer Date, the Trustee shall distribute to the
Collateral Interest Holder the aggregate amount payable to the Collateral
Interest Holder pursuant to Sections 4.5, 4.7, 4.14, 4.15 and 4.16 to the
Collateral Interest Holder's account, as specified in writing by the Collateral
Interest Holder, in immediately available funds.

                  (f) The distributions to be made pursuant to this Section 5.1
are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the
Agreement and Sections 8.1 and 8.2 of this Supplement.

                  (g) Except as provided in Section 12.02 of the Agreement with
respect to a final distribution, distributions to Series 2000-C
Certificateholders hereunder shall be made by check mailed to each Series 2000-C
Certificateholder at such Series 2000-C Certificateholder's address appearing in
the Certificate Register without presentation or surrender of any Series 2000-C
Certificate or the making of any notation thereon; provided, however, that with
respect to Series 2000-C Certificates registered in the name of a Clearing
Agency, such distributions shall be made to such Clearing Agency in immediately
available funds.

                  Section 5.2       Certificates and Statements.

                  (a) Not later than each Determination Date, the Servicer shall
deliver to the Trustee, the Paying Agent, each Rating Agency and the Collateral
Interest Holder, a certificate substantially in the form of Exhibit B prepared
by the Servicer.

                  (b) On each Distribution Date, the Paying Agent, on behalf of
the Trustee, shall forward to each Series 2000-C Certificateholder a statement
substantially in the form of Exhibit C prepared by the Servicer.

                  (c) A copy of each statement or certificate provided pursuant
to paragraph (a) or (b) may be obtained by any Series 2000-C Certificateholder
or any Certificate Owner thereof by a request in writing to the Servicer.

                  (d) On or before January 31 of each calendar year, beginning
with calendar year 2001, the Paying Agent, on behalf of the Trustee, shall
furnish or cause to be furnished to each Person who at any time during the
preceding calendar year was a Series 2000-C Certificateholder, a statement
prepared by the Servicer containing the information which is required to be
contained in the statement to Series 2000-C Certificateholders, as set forth in

                                       42
<PAGE>   47
paragraph (b) above, aggregated for such calendar year or the applicable portion
thereof during which such Person was a Series 2000-C Certificateholder, together
with other information as is required to be provided by an issuer of
indebtedness under the Internal Revenue Code. Such obligation of the Servicer
shall be deemed to have been satisfied to the extent that substantially
comparable information shall be provided by the Paying Agent pursuant to any
requirements of the Internal Revenue Code as from time to time in effect.

                                   ARTICLE VI
                          Series 2000-C Pay Out Events

                  Section 6.1 Series 2000-C Pay Out Events. If any one of the
following events (each, a "Series Pay Out Event") shall occur with respect to
Series 2000-C:

                  (a) failure on the part of the Seller (A) to make any payment
or deposit required by the terms of the Agreement on or before the date
occurring five Business Days after the date such payment or deposit is required
to be made herein or (B) duly to observe or perform in any material respect any
other covenants or agreements of the Seller set forth in the Agreement which has
a material adverse effect on the Series 2000-C Holders (which determination
shall be made, for so long as the Collateral Invested Amount is greater than
zero, without reference to whether any funds are available pursuant to Series
Enhancement) and continues unremedied for a period of 60 days after the date on
which written notice of such failure, requiring the same to be remedied, shall
have been given to the Seller by the Trustee, or to the Seller and the Trustee
by Series 2000-C Holders aggregating not less than 50% of the outstanding
principal balance of the Series 2000-C;

                  (b) any representation or warranty made by the Seller in the
Agreement or any information contained in a computer file or microfiche list
required to be delivered by the Servicer on behalf of the Seller pursuant to
Section 2.01 or 2.08 of the Agreement (A) shall prove to have been incorrect in
any material respect when made or when delivered, which continues to be
incorrect in any material respect for a period of 60 days after the date on
which written notice of such failure, requiring the same to be remedied, shall
have been given to the Seller by the Trustee, or to the Seller and the Trustee
by Holders of the Series 2000-C Certificates aggregating not less than 50% of
the outstanding principal balance of the Series 2000-C Certificates and (B) as a
result of which the interests of the Series 2000-C Certificateholders are
materially and adversely affected (which determination shall be made, for so
long as the Collateral Invested Amount is greater than zero, without reference
to whether any funds are available pursuant to any Series Enhancement);
provided, however, that a Series Pay Out Event pursuant to this subparagraph (b)
shall not be deemed to occur hereunder if the Seller has accepted reassignment
of the related Receivable, or all of such Receivables, if applicable, during
such period (or such longer period as the Trustee may specify) in accordance
with the provisions hereof and of the Agreement;

                  (c) (1) with respect to the last day of any prior Monthly
Period during which the Seller Amount is less than the Required Seller Amount,
the failure of the Seller to convey on or prior to the Required Designation Date
Receivables in Additional Accounts to the Trust such that the Seller Amount
shall be at least equal to the Required Seller Amount as of the close of

                                       43
<PAGE>   48
business on the applicable Addition Date; or (2) with respect to the last day of
any prior Monthly Period during which the aggregate amount of Principal
Receivables is less than the Required Principal Balance as of such day, the
failure of the Seller to convey on or prior to the Required Designation Date
Receivables in Additional Accounts to the Trust such that the aggregate amount
of the Principal Receivables shall be at least equal to the Required Principal
Balance as of the close of business on the applicable Addition Date;

                  (d) the Net Portfolio Yield averaged over three consecutive
Monthly Periods is less than the Base Rate averaged over such period;

                  (e) any Servicer Default shall occur which would have a
material adverse effect on the Series 2000-C Certificateholders (which
determination shall be made, for so long as the Collateral Invested Amount is
greater than zero, without reference to whether any funds are available pursuant
to any Series Enhancement); or

                  (f) the Class A Investor Amount shall not be paid in full on
the Class A Expected Final Distribution Date or the Class B Investor Amount
shall not be paid in full on the Class B Expected Final Distribution Date or the
Collateral Invested Amount shall not be paid in full on the Collateral Expected
Final Distribution Date;

then, in the case of any event described in subparagraph (a), (b) or (e), after
the applicable grace period, if any, set forth in such subparagraphs, either the
Trustee or the holders of Investor Certificates (including the Collateral
Interest Holder) of Series 2000-C evidencing more than 50% of the aggregate
unpaid principal amount of such Investor Certificates (including the Collateral
Interest) by notice then given in writing to the Seller and the Servicer (and to
the Trustee if given by the Holders of Investor Certificates (including the
Collateral Interest Holder) of Series 2000-C) may declare that a Pay Out Event
has occurred with respect to Series 2000-C as of the date of such notice, and,
in the case of any event described in subparagraph (c), (d) or (f) a Pay Out
Event shall occur with respect to Series 2000-C without any notice or other
action on the part of the Trustee or Holders of Investor Certificates (including
the Collateral Interest Holder) of Series 2000-C immediately upon the occurrence
of such event.

                                   ARTICLE VII
                     Optional Repurchase; Series Termination

                  Section 7.1 Optional Repurchase. On any day occurring on or
after the date on which the Investor Amount is reduced to 5% or less of the
Initial Invested Amount, the Seller shall have the option to purchase the
interest of the Series 2000-C Holders, at a purchase price equal to (i) if such
day is a Distribution Date, the Reassignment Amount for such Distribution Date
or (ii) if such day is not a Distribution Date, the Reassignment Amount for the
Distribution Date following such day.

                  Section 7.2  Series Termination.

                  (a) If, on the December 2007 Distribution Date, the Investor
Amount (after giving effect to all changes therein on such date) would be
greater than zero, the Servicer, on

                                       44
<PAGE>   49
behalf of the Trustee, shall, within the 40-day period which begins on such
Distribution Date, solicit bids for the sale of Principal Receivables and the
related Finance Charge Receivables (or interests therein) in an amount equal to
the Investor Amount and accrued and unpaid interest thereon at the close of
business on the last day of the Monthly Period preceding the Series Termination
Date (after giving effect to all distributions required to be made on the Series
Termination Date, except pursuant to this Section 7.2; provided, however that in
no event shall such amount exceed the Series Percentage of Receivables on the
Series Termination Date). Such bids shall require that such sale shall (subject
to Section 7.2(b)) occur on the Series Termination Date. The Seller and the
Collateral Interest Holder shall be entitled to participate in, and to receive
from the Trustee a copy of each other bid submitted in connection with, such
bidding process.

                  (b) The Servicer, on behalf of the Trustee, shall sell such
Receivables (or interests therein) on the Series Termination Date to the bidder
who made the highest cash purchase offer. The proceeds of any such sale shall be
treated as Collections on the Receivables allocated to Series 2000-C pursuant to
the Agreement and this Supplement; provided, however, that the Servicer shall
determine conclusively the amount of such proceeds which are allocable to
Finance Charge Receivables and the amount of such proceeds which are allocable
to Principal Receivables. During the period from the December 2007 Distribution
Date to the Series Termination Date, the Servicer shall continue to collect
payments on the Receivables and allocate and deposit such collections in
accordance with the provisions of the Agreement and the Supplements.

                                  ARTICLE VIII
                               Final Distributions

                  Section 8.1 Sale of Receivables or Certificateholders'
Interest Pursuant to Section 2.06 or 10.01 of the Agreement.

                  (a) Purchase Price. The amount to be paid with respect to
Series 2000-C in connection with (i) a reassignment of Receivables to the Seller
pursuant to Section 2.06 of the Agreement or (ii) a repurchase of the
Certificateholders' Interest pursuant to Section 10.01 of the Agreement shall
equal the Reassignment Amount for the first Distribution Date following the
Monthly Period in which the reassignment obligation arises under the Agreement.

                  (b) Distributions Pursuant to Section 7.1 or 7.2 of this
Supplement and Section 10.01 of the Agreement. With respect to the Reassignment
Amount deposited into the Collection Account pursuant to Section 7.1 or
8.1(a)(ii) or any amounts allocable to Series 2000-C deposited into the
Collection Account pursuant to Section 7.2, the Trustee shall, not later than
3:00 p.m. New York City time, on the related Distribution Date, make deposits or
distributions of the following amounts (in the priority set forth below and, in
each case, after giving effect to any deposits and distributions otherwise to be
made on such date) in immediately available funds: (i) (x) the Class A Investor
Amount on such Distribution Date will be distributed to the Paying Agent for
payment to the Class A Certificateholders and (y) an amount equal to the sum of
(A) Class A Monthly Interest for such Distribution Date, (B) any Class A Monthly
Interest previously due but not distributed to the Class A Certificateholders on
a prior

                                       45
<PAGE>   50
Distribution Date and (C) the amount of Class A Additional Interest, if any, for
such Distribution Date and any Class A Additional Interest previously due but
not distributed to the Class A Certificateholders on any prior Distribution
Date, will be distributed to the Paying Agent for payment to the Class A
Certificateholders, (ii) (x) the Class B Investor Amount on such Distribution
Date will be distributed to the Paying Agent for payment to the Class B
Certificateholders and (y) an amount equal to the sum of (A) Class B Monthly
Interest for such Distribution Date, (B) any Class B Monthly Interest previously
due but not distributed to the Class B Certificateholders on a prior
Distribution Date and (C) the amount of Class B Additional Interest, if any, for
such Distribution Date and any Class B Additional Interest previously due but
not distributed to the Class B Certificateholders on any prior Distribution
Date, will be distributed to the Paying Agent for payment to the Class B
Certificateholders and (iii) all remaining amounts will be distributed to the
Collateral Interest Holder.

                  (c) Distributions Pursuant to Section 2.06 of the Agreement.
With respect to any amounts deposited into the Collection Account pursuant to
subsection 8.1(a)(i), the Trustee shall, not later than 3:00 p.m., New York City
time, on the related Distribution Date, deposit the principal portion of such
amounts that are allocable to the Class A Certificates and the Class B
Certificates into the Collection Account and the principal portion of such
amounts allocable to the Collateral Interest shall be distributed to the
Collateral Interest Holder.

                  (d) Notwithstanding anything to the contrary in this
Supplement or the Agreement, all amounts distributed to the Paying Agent
pursuant to Section 8.1(b) for payment to the Series 2000-C Certificateholders
shall be deemed distributed in full to the Series 2000-C Certificateholders on
the date on which such funds are distributed to the Paying Agent pursuant to
this Section and shall be deemed to be a final distribution pursuant to Section
12.02 of the Agreement.

                  Section 8.2 Distribution of Proceeds of Sale, Disposition or
Liquidation of the Receivables Pursuant to Section 9.02 of the Agreement.

                  (a) Not later than 12:00 noon, New York City time, on the
Distribution Date following the date on which the Insolvency Proceeds are
deposited into the Collection Account pursuant to Section 9.02(b) of the
Agreement, the Trustee shall (in the following priority and, in each case, after
giving effect to any deposits and distributions otherwise to be made on such
Distribution Date) (i) deduct an amount equal to the Class A Investor Amount on
such Distribution Date from the portion of the Insolvency Proceeds allocated to
Collections of Principal Receivables and distribute such amount to the Paying
Agent for payment to the Class A Certificateholders, provided that the amount of
such distribution shall not exceed the product of (x) the portion of the
Insolvency Proceeds allocated to Collections of Principal Receivables and (y)
the Principal Allocation Percentage with respect to the related Monthly Period,
(ii) deduct an amount equal to the Class Investor Amount on such Distribution
Date from the portion of the Insolvency Proceeds allocated to Collections of
Principal Receivables and distribute such amount to the Paying Agent for payment
to the Class B Certificateholders, provided that the amount of such distribution
shall not exceed (x) the product of (A) the portion of such Insolvency Proceeds
allocated to Collections of Principal Receivables and (B) the Principal
Allocation Percentage with respect to the related Monthly Period minus (y) the
amount

                                       46
<PAGE>   51
distributed to the Paying Agent pursuant to clause (i) of this sentence and
(iii) distribute the remaining amount of the Insolvency Proceeds to the
Collateral Interest Holder.

                  (b) Not later than 12:00 noon, New York City time, on such
Distribution Date, the Trustee shall (in the following priority and, in each
case, after giving effect to any deposits and distributions otherwise to be made
on such Distribution Date) (i) deduct an amount equal to the sum of (w) Class A
Monthly Interest for such Distribution Date, (x) any Class A Monthly Interest
previously due but not distributed to the Class A Certificateholders on a prior
Distribution Date and (y) the amount of Class A Additional Interest, if any, for
such Distribution Date and any Class A Additional Interest previously due but
not distributed to the Class A Certificateholders on a prior Distribution Date
from the portion of the Insolvency Proceeds allocated to Collections of Finance
Charge Receivables and distribute such amount to the Paying Agent for payment to
the Class A Certificateholders, provided that the amount of such distribution
shall not exceed the product of (x) the portion of the Insolvency Proceeds
allocated to Collections of Finance Charge Receivables, (y) the Floating
Allocation Percentage with respect to the related Monthly Period and (z) the
Class A Floating Percentage with respect to such Monthly Period and (ii) deduct
an amount equal to the sum of (w) Class B Monthly Interest for such Distribution
Date, (x) Class B Monthly Interest previously due but not distributed to the
Class B Certificateholders and (y) the amount of Class B Additional Interest, if
any, for such Distribution Date and any Class B Additional Interest previously
due but not distributed to the Class B Certificateholders on a prior
Distribution Date from the portion of the Insolvency Proceeds allocated to
Collections of Finance Charge Receivables and distribute such amount to the
Paying Agent for payment to the Class B Certificateholders, provided that the
amount of such distribution shall not exceed the product of (x) the portion of
the Insolvency Proceeds allocated to Collections of Finance Charge Receivables,
(y) the Floating Allocation Percentage with respect to the related Monthly
Period and (z) the Class B Floating Percentage with respect to such Monthly
Period. To the extent that the product of (A) the portion of the Insolvency
Proceeds allocated to Collections of Finance Charge Receivables and (B) the
Floating Allocation Percentage with respect to the related Monthly Period
exceeds the aggregate amount distributed to the Paying Agent pursuant to the
preceding sentence, the excess shall be distributed to the Collateral Interest
Holder.

                  (c) Notwithstanding anything to the contrary in this
Supplement or the Agreement, all amounts distributed to the Paying Agent
pursuant to this Section for payment to the Series 2000-C Certificateholders
shall be distributed in full to the Series 2000-C Certificateholders on the date
on which funds are distributed to the Paying Agent pursuant to this Section and
shall be deemed to be a final distribution pursuant to Section 12.02 of the
Agreement.

                  Section 8.3 Instructions Pursuant to Section 9.02(a) of the
Agreement. The Holders of Investor Certificates of Series 2000-C evidencing more
than 50% of the Investor Amount of each Class (including the Collateral
Interest) shall not be considered as having disapproved of any liquidation of
the Receivables and to continue transferring Principal Receivables to the Trust
pursuant to Section 9.02(a) of the Agreement unless Holders of more than 50% of
the Investor Amount of each of the Class A Certificates, the Class B
Certificates and the Collateral Interest instruct the Trustee to such effect in
the manner required pursuant to Section 9.02(a) of the Agreement.

                                       47
<PAGE>   52

                                   ARTICLE IX
                                  Certificates

                  Section 9.1 Book-Entry Certificates. The Class A Certificates
and the Class B Certificates shall be delivered as Book-Entry Certificates. The
Clearing Agency for the Class A Certificates and the Class B Certificates shall
be The Depository Trust Company, and the Class A Certificates and the Class B
Certificates shall be initially registered in the name of Cede & Co., its
nominee.

                                    ARTICLE X
                            Miscellaneous Provisions

                  Section 10.1. Certain Matters Regarding the Collateral
Interest Holder. Amounts payable to the Collateral Interest Holder hereunder
shall be applied in accordance with the provisions of the Transfer Agreement.

                  Section 10.2 Ratification of Agreement. As supplemented by
this Supplement, the Agreement is in all respects ratified and confirmed and the
Agreement as so supplemented by this Supplement shall be read, taken and
construed as one and the same instrument.

                  Section 10.3 Counterparts. This Supplement may be executed in
two or more counterparts, and by different parties on separate counterparts,
each of which shall be an original, but all of which shall constitute one and
the same instrument.

                  Section 10.4 Governing Law. THIS SUPPLEMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING THE UCC AS IN
EFFECT IN THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                  Section 10.5 Notices. All directions, notices and instructions
to the Trustee shall be in writing (which may be facsimile).

                  Section 10.6 Amendments. This Supplement may be amended by the
Seller without the consent of the Servicer, the Trustee or any Investor
Certificateholder if the Seller provides the Trustee with (i) an Opinion of
Counsel to the effect that such amendment or modification would reduce the risk
that the Trust would be treated as taxable as a publicly traded partnership
pursuant to Code section 7704 and (ii) an Officer's Certificate that such
amendment or modification would not materially and adversely affect any Investor
Certificateholder, provided that no such amendment shall be deemed effective
without (i) the Trustee's consent, if the Trustee's rights, duties and
obligations hereunder are thereby modified and (ii) the Trustee having obtained
written assurance that such amendment or modification will not, by itself, lower
the current ratings on the Series 2000-C Certificates. The Seller shall provide
the Rating Agencies with prior written notice of any such amendment or
modification.

                                       48
<PAGE>   53

                  Section 10.7. Uncertificated Securities. The Collateral
Interest shall be delivered in uncertificated form.

                  Section 10.8. Transfers of the Collateral Interest.

                  (a) Unless otherwise consented to by the Seller, no portion of
the Collateral Interest or any interest therein may be sold, conveyed, assigned,
hypothecated, pledged, participated, exchanged or otherwise transferred (each, a
"Transfer") except in accordance with this Section 10.8 and only to a Permitted
Assignee. Any attempted or purported transfer, assignment, exchange, conveyance,
pledge, hypothecation or grant other than to a Permitted Assignee shall be void.
Unless otherwise consented to by the Seller, no portion of the Collateral
Interest or any interest therein may be Transferred to any Person (each such
Person acquiring the Collateral Interest or any interest therein, an "Assignee")
unless such Assignee shall have executed and delivered to the Seller on or
before the effective date of any Transfer a letter substantially in the form
attached hereto as Exhibit D (an "Investment Letter"), executed by such
Assignee, with respect to the related Transfer to such Assignee of all or a
portion of the Collateral Interest.

                  (b) Each Assignee will certify that the Collateral Interest or
the interest therein purchased by such Assignee will be acquired for investment
only and not with a view to any public distribution thereof, and that such
Assignee will not offer to sell or otherwise dispose of the Collateral Interest
or any interest therein so acquired by it in violation of any of the
registration requirements of the Securities Act, or any applicable state or
other securities laws. Each Assignee will acknowledge and agree that (i) it has
no right to require the Seller to register under the Securities Act or any other
securities law the Collateral Interest or the interest therein to be acquired by
the Assignee and (ii) the sale of the Collateral Interest is not being made by
means of the prospectus prepared in connection with the sale of the Series
2000-C Certificates. Each Assignee will agree with the Seller that: (a) such
Assignee will deliver to the Seller on or before the effective date of any
Transfer a letter in the form annexed hereto as Exhibit E (an "Investment
Letter"), executed by such Assignee with respect to the purchase by such
Assignee of all or a portion of the Collateral Interest and (b) all of the
statements made by such Assignee in its Investment Letter shall be true and
correct as of the date made.

                  (c) No portion of the Collateral Interest or any interest
therein may be Transferred, and each Assignee will certify that it is not, (a)
an "employee benefit plan" (as defined in Section 3(3) of ERISA), including
governmental plans and church plans, (b) any "plan" (as defined in Section
4975(e)(1) of the Code) including individual retirement accounts and Keogh
plans, or (c) any other entity whose underlying assets include "plan assets"
(within the meaning of Department of Labor Regulation Section 2510.3-101, 29
C.F.R. Section 2510.3-101 or otherwise under ERISA) by reason of a plan's
investment in the entity, including, without limitation, an insurance company
general account.

                                       49
<PAGE>   54
                  IN WITNESS WHEREOF, the undersigned have caused this
Supplement to be duly executed and delivered by their respective duly authorized
officers on the day and year first above written.

                              FLEET BANK (RI), NATIONAL ASSOCIATION,
                              Seller and Servicer,

                              By: /s/  Jeffrey A. Lipson
                              -------------------------
                              Name:  Jeffrey A. Lipson
                              Title: Vice President

                              BANKERS TRUST COMPANY,
                              Trustee

                              By: /s/  Peter Becker
                              -------------------------
                              Name:  Peter Becker
                              Title: Assistant Vice President

                  [Signature Page for Series 2000-C Supplement]

<PAGE>   55
                                                                     EXHIBIT A-1
                                                                   TO SUPPLEMENT

REGISTERED

                        FLEET CREDIT CARD MASTER TRUST II
                     CLASS A 7.02% ASSET BACKED CERTIFICATE,
                                  SERIES 2000-C

                  Unless this Class A Certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Issuer or its agent for registration of transfer, exchange, or payment,
and any certificate issued is registered in the name of Cede & Co. or in such
other name as is requested by an authorized representative of DTC (and any
payment is made to Cede & Co. or to such other entity as is requested by an
authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered
owner hereof, Cede & Co., has an interest herein.

                  Evidencing an undivided interest in a trust, the corpus of
         which consists of receivables generated from time to time in the
         ordinary course of business in a portfolio of revolving consumer credit
         card accounts owned by Fleet Bank (RI), National Association (the
         "Bank") as successor in interest to Advanta National Bank (formerly
         known as Advanta National Bank USA and prior to that known as Colonial
         National Bank USA and successor in interest to the former Advanta
         National Bank) or any Additional Seller.

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

No.                                                  CUSIP NO.
    -----                                                      -----------------

                                                              $
                                                               -----------------

                  (Not an interest in or obligation of Fleet Bank (RI), National
         Association or any affiliate thereof, except to the limited extent
         described herein.)

                   This certifies that CEDE & CO. (the "Investor
Certificateholder") is the registered owner of an undivided interest in certain
assets of a trust (the "Trust"), created pursuant to the Amended and Restated
Pooling and Servicing Agreement, dated as of December 1, 1993 (as amended and
restated as of May 23, 1994, and as amended by Amendment Number 1, dated as of
July 1, 1994, as further amended by Amendment Number 2, dated as of October 6,
1995, as further amended by Amendment Number 3, dated as of February 20, 1998,
and as further amended by Amendment Number 4, dated as of May 14, 1999, and as
assigned by Advanta National Bank to the Bank pursuant to an Assignment and
Assumption Agreement, dated as of February 20, 1998, among Advanta National
Bank, the Bank, Fleet Credit Card, LLC, and Bankers Trust Company, as trustee,
the "Amended and Restated Pooling and Servicing
<PAGE>   56
Agreement") between the Bank, as seller (in such capacity together with its
predecessors as sellers during such period as any such predecessors were
sellers, the "Seller") and servicer (in such capacity, the "Servicer"), and
Bankers Trust Company, as trustee (the "Trustee"), as supplemented by the Series
2000-C Supplement, dated as of August 25, 2000, by and between the Bank, as
Seller and Servicer, and the Trustee. The Amended and Restated Pooling and
Servicing Agreement, the Series 2000-C Supplement and any amendments, exhibits
and schedules thereto are collectively referred to herein as the "Agreement."
The corpus of the Trust consists of (i) a portfolio of receivables (the
"Receivables") arising under selected VISA and MasterCard* consumer credit card
accounts or other revolving consumer credit accounts (the "Accounts") in
portfolios of revolving consumer credit accounts owned by any of the Bank or any
Additional Seller, (ii) all monies due or to become due in payment of the
Receivables, all proceeds of the Receivables (other than investment earnings
related to such proceeds), (iii) the right to receive certain Interchange
attributed to cardholder charges for merchandise and services in the Accounts,
(iv) certain amounts recovered from Accounts in which the Receivables have been
written off as uncollectible, (v) proceeds of credit insurance policies relating
to the Receivables and (vi) all monies on deposit in certain bank accounts of
the Trust and the benefits of any type of enhancement ("Series Enhancement")
issued with respect to any Series (the drawing on or payment of such Series
Enhancement being available only to Certificateholders of a specified Series or
Class unless otherwise indicated in the related Supplement). The Trust assets
may also include participations (including 100% participations) representing
undivided interests in a pool of assets primarily consisting of revolving credit
card receivables or consumer loan receivables (secured and unsecured), and any
interests in both such types of receivables, including securities representing
or backed by both such types of receivables, and other self-liquidating
financial assets owned by the Seller or any affiliate of the Seller and
collections thereon. The Seller conveyed to the Trust all Receivables existing
under certain designated Accounts at the time of the formation of the Trust and
all Receivables arising under such Accounts from time to time thereafter. In
addition, the Seller has conveyed and the Seller may convey in the future all
Receivables existing under certain designated Additional Accounts (including
Automatic Additional Accounts) and all Receivables thereafter arising in such
Additional Accounts.

                  Although a summary of certain provisions of the Agreement is
set forth below, this Class A Certificate does not purport to summarize the
Agreement, such summary is qualified in its entirety by the terms and provisions
of the Agreement and reference is made to the Agreement for information with
respect to the interests, rights, benefits, obligations, proceeds, and duties
evidenced hereby and the rights, duties and obligations of the Trustee. A copy
of the Agreement may be obtained from the Trustee by writing to the Trustee at
Four Albany Street, New York, New York 10006, Attention: Corporate Trust and
Agency Group/Structured Finance Group. To the extent not defined herein, the
capitalized terms used herein have the meanings ascribed to them in the
Agreement.

*        VISA and MasterCard are registered trademarks of VISA USA, Inc., and
         MasterCard International, respectively.

                                     A-1-2
<PAGE>   57
                  This Class A Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement to which the Holder of this
Class A Certificate by virtue of the acceptance hereof assents and is bound.

                  It is the intent of the Seller and the Class A
Certificateholders that, for federal income taxes, state and local income and
franchise taxes and any other taxes imposed on or measured by income, the Class
A Certificates will be treated as indebtedness secured by the Receivables. The
Servicer, by entering into the Agreement, and the Seller, the Holder of the Bank
Certificate, each Holder of a Class A Certificate and each Holder of a Class B
Certificate, by acceptance of its Certificate, agrees to treat the Series 2000-C
Certificates for purposes of federal income taxes, state and local income and
franchise taxes, and any other taxes imposed on or measured by income, as
indebtedness of the Seller.

                  Subject to the terms of the Agreement, payments of principal
of the Class A Certificates are limited to the unpaid Class A Investor Amount,
which may be less than the unpaid principal balance of the Class A Certificates,
pursuant to the terms of the Agreement. All principal of and interest on the
Class A Certificates is scheduled to be paid by the August 2005 Distribution
Date but may be paid earlier. Subject to prior termination as provided in the
Agreement, the interest of the Series 2000-C Certificateholders in the Trust
will terminate following the earliest of (i) the date on which the Investor
Amount is paid in full, (ii) the February 2008 Distribution Date and (iii) the
termination of the Trust pursuant to Section 12.01 of the Agreement.

                  The Receivables consist of Principal Receivables which arise
generally from the purchase of goods and services and cash advances and in
respect of Periodic Finance Charges, Overlimit Fees, Late Fees, annual
membership fees and annual service charges, if any, Cash Advance Fees,
transaction charges and all other fees and charges with respect to the Accounts
designated by the Seller to be included in Finance Charge Receivables. This
Certificate is one of a series of Certificates entitled "Fleet Credit Card
Master Trust II, Class A 7.02% Asset Backed Certificates, Series 2000-C" (the
"Class A Certificates"), each of which represents a fractional undivided
interest in certain assets of the Trust. The Trust's assets are allocated in
part to the Holders of the Class A Certificates, in part to the Holders of the
Class B Certificates, in part to the Collateral Interest Holder, in part to the
Holders of Investor Certificates of all other Series and in part to the Seller
as Holder of the Bank Certificate and the Holders of any Supplemental
Certificates outstanding from time to time. The Bank Certificate and the Holders
of any outstanding Supplemental Certificates represent the Sellers' Interest in
the Trust. The Bank Certificate and any outstanding Supplemental Certificates
represent the interest in the Principal Receivables not represented by the
Investor Certificates.

         The aggregate interest represented by the Series 2000-C Certificates
and the Collateral Interest at any time in the Principal Receivables in the
Trust shall not exceed an amount equal to the Principal Allocation Percentage
thereof (as set forth in the Agreement) at such time. The Initial Invested
Amount is $650,000,000. The Invested Amount for any date will equal the sum of
the Class A Invested Amount, the Class B Invested Amount and the Collateral
Invested Amount. The Class A Initial Invested Amount is $529,750,000. The Class
A Invested Amount for any date of determination will be an amount equal to (a)
the Class A Initial Invested

                                     A-1-3
<PAGE>   58
Amount, minus (b) the aggregate amount of principal payments made to the Class A
Certificateholders on or prior to such date, minus (c) the excess, if any, of
the aggregate amount of Class A Investor Charge-Offs for all prior Distribution
Dates over the aggregate amount of Class A Investor Charge-Offs reimbursed prior
to such date, minus (d) the Principal Funding Account Balance (but not in excess
of the Class A Initial Invested Amount) on such date.

                  Interest will be distributed monthly on the 15th day of each
calendar month or, if such 15th day is not a Business Day, payment will be made
on the next succeeding Business Day (each, a "Distribution Date"), commencing
October 16, 2000, in an amount equal to one-twelfth of the product of (i) the
Class A Certificate Rate, and (ii) the outstanding principal amount of the Class
A Certificates as of the close of business on the preceding Record Date;
provided, however, with respect to the October 2000 Distribution Date, the
amount of interest distributed on the Class A Certificates will be
$5,165,062.50.

                  The Class A Certificates will bear interest for each Interest
Period at the rate of 7.02% per annum (the "Class A Certificate Rate").

                  On each Distribution Date with respect to the Accumulation
Period, an amount equal to the least of (a) Available Investor Principal
Collections on deposit in the Collection Account with respect to such
Distribution Date, (b) the Controlled Deposit Amount for such Distribution Date
and (c) the Class A Invested Amount on such Distribution Date, will be deposited
in the Principal Funding Account for payment to the Class A Certificateholders
on the earlier to occur of the Class A Expected Final Distribution Date or the
first Distribution Date with respect to the Rapid Amortization Period.

                  On each Distribution Date during the Rapid Accumulation Period
until the full amount of the Class A Investor Amount is on deposit in the
Principal Funding Account or until the Rapid Amortization Period begins, the
Class A Certificateholder will be entitled to have Available Investor Principal
Collections in an amount up to the Class A Invested Amount deposited into the
Principal Funding Account for payment to the Class A Certificateholder on the
earlier to occur of the Class A Expected Final Distribution Date or the first
Distribution Date with respect to the Rapid Amortization Period.

                  On each Distribution Date during the Rapid Amortization Period
until the Class A Investor Amount has been paid in full or the Series
Termination Date occurs, the Class A Certificateholders will be entitled to
receive Available Investor Principal Collections in an amount up to the Class A
Investor Amount.

                  On any Distribution Date occurring on or after the Investor
Amount is reduced to 5% or less of the Initial Invested Amount during the
Revolving Period the Seller will have the option (to be exercised in its sole
discretion) to repurchase the Certificates.

                  This Class A Certificate does not represent an obligation of,
or an interest in, FleetBoston Financial Corporation, the Bank, any Additional
Seller, the Servicer or any Affiliate of any of them. None of the Class A
Certificates, the Accounts nor the Receivables are deposits or insured or
guaranteed by the Federal Deposit Insurance Corporation or any other

                                     A-1-4
<PAGE>   59
governmental agency. This Class A Certificate is limited in right of payment to
certain Collections with respect to the Receivables (and certain other amounts),
all as more specifically set forth herein and in the Agreement.

                  The Agreement may be amended under certain circumstances by
the Servicer, the Seller and the Trustee, without Certificateholder consent,
provided that (i) the Seller shall have delivered to the Trustee an Officer's
Certificate to the effect that the Seller reasonably believes that such
amendment will not result in the occurrence of a Pay Out Event or materially
adversely affect the amount or timing of distributions to be made to the
Investor Certificateholders of any Series or Class and (ii) written confirmation
from each Rating Agency that such amendment will not result in a reduction or
withdrawal of the rating of the Series 2000-C Certificates or the rating of any
other outstanding Series or Class with respect to which it is a Rating Agency.

                  The Agreement may be amended by the Servicer, the Seller and
the Trustee, with the consent of the Holders of Investor Certificates evidencing
not less than 66-2/3% of the aggregate Investor Amount of the Investor
Certificates of all adversely affected Series, for the purpose of adding any
provisions to, changing in any manner or eliminating any of the provisions of
the Agreement or of modifying in any manner the rights of Investor
Certificateholders of any Series then issued and outstanding; provided, however,
that no such amendment shall (a) reduce in any manner the amount of, or delay
the timing of, distributions to Investor Certificateholders or deposits of
amounts to be so distributed or the amount available under any Series
Enhancement without the consent to any such amendment of each affected
Certificateholder, (b) change the definition of or the manner of calculating the
interest of any Investor Certificateholder without the consent of each affected
Investor Certificateholder, (c) reduce the aforesaid percentage required to
consent to any such amendment without the consent of each Investor
Certificateholder or (d) adversely affect the rating of any Series or Class by
each Rating Agency without the consent of the Holders of Investor Certificates
of such Series or Class evidencing not less than 66-2/3% of the aggregate
Investor Amount of the Investor Certificates of such Series or Class.

                  The Class A Certificates are issuable only in denominations of
$1,000 and integral multiples of $1,000 in excess thereof. The transfer of this
Class A Certificate shall be registered in the Certificate Register upon
surrender of this Class A Certificate for registration of transfer at any office
or agency maintained by the Transfer Agent and Registrar accompanied by a
written instrument of transfer, in a form satisfactory to the Trustee and the
Transfer Agent and Registrar, duly executed by the Holder or his attorney and
duly authorized in writing, and thereupon one or more new Class A Certificates
of authorized denominations and for the same aggregate fractional undivided
interest will be issued to the designated transferee or transferees.

                  As provided in the Agreement and subject to certain
limitations therein set forth, this Class A Certificate is exchangeable for a
new Class A Certificate evidencing a like aggregate fractional undivided
interest, as requested by the Holder surrendering this Class A Certificate. No
service charge may be imposed for any such exchange, but the Transfer Agent and
Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection therewith.

                                     A-1-5

<PAGE>   60
                  Prior to due presentation of this Class A Certificate for
registration of transfer, the Transfer Agent and Registrar, the Paying Agent and
the Trustee and any agent of any of them may treat the person in whose name this
Class A Certificate is registered as the owner hereof for all purposes, and
neither the Trustee, the Paying Agent or the Transfer Agent and Registrar nor
any agent of any of them shall be affected by notice to the contrary except in
certain circumstances described in the Agreement.

                  This Class A Certificate shall be construed in accordance with
and governed by the laws of the State of New York, without reference to its
conflict of law provisions.

                  Unless the certificate of authentication hereon has been
executed by or on behalf of the Trustee, by manual signature, or by an
authenticating agent appointed by the Trustee, this Class A Certificate shall
not be entitled to any benefit under the Agreement, or be valid for any purpose.

                                     A-1-6

<PAGE>   61

            IN WITNESS WHEREOF, the Seller has caused this Class A Certificate
to be duly executed.

                                    FLEET BANK (RI), NATIONAL ASSOCIATION

                                    By:______________________________
                                       Vice President

            This is one of the Class A Certificates referred to in the
within-mentioned Agreement.

                                    BANKERS TRUST COMPANY,
                                      as Trustee,

                                    By:______________________________
                                       Authorized Officer

Dated:      _____________

                                     A-1-7
<PAGE>   62
                                   ----------
                                   ASSIGNMENT
                                   ----------

PLEASE INSERT SOCIAL SECURITY OR OTHER
  IDENTIFYING NUMBER OF ASSIGNEE(S)

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

__________________________
:                        :
:                        :
:                        :
__________________________          _____________________________
(PLEASE PRINT OR TYPEWRITE          NAME AND ADDRESS OF ASSIGNEE)

____________________ the within certificate and all rights thereunder, and
hereby irrevocably constitutes and appoints ____________________ Attorney, with
full power of substitution in the premises, to transfer said certificate on the
books kept for registration thereof.

Dated: ________________________

                              ______________________________
                              Note: The signature(s) to this Assignment must
                              correspond with the name(s) as written on the face
                              of the within certificate in every particular,
                              without alteration or enlargement or any change
                              whatever.

                              (1)   An assignee which is not a United States
                                    Person as defined in the Internal Revenue
                                    Code of 1986, as amended (the "Code") must
                                    certify to the Transfer Agent and Registrar
                                    in writing as to such status and such
                                    further information as may be required under
                                    the Code or reasonably requested by the
                                    Transfer Agent and Registrar.

                                     A-1-8
<PAGE>   63
                                                                     EXHIBIT A-2
                                                                   TO SUPPLEMENT

REGISTERED

                        FLEET CREDIT CARD MASTER TRUST II
                 CLASS B FLOATING RATE ASSET BACKED CERTIFICATE,
                                  SERIES 2000-C

            THIS CLASS B CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT
OF A BENEFIT PLAN.

            Unless this Class B Certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation ("DTC"),
to the Issuer or its agent for registration of transfer, exchange, or payment,
and any certificate issued is registered in the name of Cede & Co. or in such
other name as is requested by an authorized representative of DTC (and any
payment is made to Cede & Co. or to such other entity as is requested by an
authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered
owner hereof, Cede & Co., has an interest herein.

            Evidencing an undivided interest in a trust, the corpus of which
      consists of receivables generated from time to time in the ordinary course
      of business in a portfolio of revolving consumer credit card accounts
      owned by Fleet Bank (RI), National Association (the "Bank") as successor
      in interest to Advanta National Bank (formerly known as Advanta National
      Bank USA and prior to that known as Colonial National Bank USA and
      successor in interest to the former Advanta National Bank) or any
      Additional Seller.

No. ___                                           CUSIP NO. __________________
                                                           $__________________

            (Not an interest in or obligation of Fleet Bank (RI), National
      Association, or any affiliate thereof, except to the limited extent
      described herein.)

This certifies that CEDE & CO. (the "Investor Certificateholder") is the
registered owner of an undivided interest in certain assets of a trust (the
"Trust"), created pursuant to the Amended and Restated Pooling and Servicing
Agreement, dated as of December 1, 1993 (as amended and restated on May 23,
1994, and as amended by Amendment Number 1, dated as of July 1, 1994, as further
amended by Amendment Number 2, dated as of October 6, 1995, as further amended
by Amendment Number 3, dated as of February 20, 1998, and as further amended by
Amendment Number 4, dated as of May 14, 1999, and as assigned by Advanta
National Bank to the Bank pursuant to an Assignment and Assumption Agreement,
dated as of February 20, 1998,
<PAGE>   64
among Advanta National Bank, the Bank, Fleet Credit Card, LLC, and Bankers Trust
Company, as trustee, the "Amended and Restated Pooling and Servicing Agreement")
between the Bank, as seller (in such capacity, together with its predecessor as
sellers during such period as any such predecessors were sellers, the "Seller")
and servicer (in such capacity, the "Servicer") and Bankers Trust Company, as
trustee (the "Trustee"), as supplemented by the Series 2000-C Supplement, dated
as of August 25, 2000, by and between the Bank, as Seller and Servicer, and the
Trustee. The Amended and Restated Pooling and Servicing Agreement, the Series
2000-C Supplement and any amendments, exhibits and schedules thereto are
collectively referred to herein as the "Agreement." The corpus of the Trust
consists of (i) a portfolio of receivables (the "Receivables") arising under
selected VISA and MasterCard* consumer credit card accounts or other revolving
consumer credit accounts (the "Accounts") in portfolios of revolving consumer
credit accounts owned by any of the Bank or any Additional Seller, (ii) all
monies due or to become due in payment of the Receivables, all proceeds of the
Receivables (other than investment earnings related to such proceeds), (iii) the
right to receive certain Interchange attributed to cardholder charges for
merchandise and services in the Accounts, (iv) certain amounts recovered from
Accounts in which the Receivables have been written off as uncollectible, (v)
proceeds of credit insurance policies relating to the Receivables and (vi) all
monies on deposit in certain bank accounts of the Trust and the benefits of any
type of enhancement ("Series Enhancement") issued with respect to any Series
(the drawing on or payment of such Series Enhancement being available only to
Certificateholders of a specified Series or Class unless otherwise indicated in
the related Supplement). The Trust assets may also include participations
(including 100% participations) representing undivided interests in a pool of
assets primarily consisting of revolving credit card receivables or consumer
loan receivables (secured and unsecured), and any interests in both such types
of receivables, including securities representing or backed by both such types
of receivables, and other self-liquidating financial assets owned by the Seller
or any affiliate of the Seller and collections thereon. The Seller, conveyed to
the Trust all Receivables existing under certain designated Accounts at the time
of the formation of the Trust and all Receivables arising under such Accounts
from time to time thereafter. In addition, the Seller has conveyed and the
Seller may convey in the future all Receivables existing under certain
designated Additional Accounts (including Automatic Additional Accounts) and all
Receivables thereafter arising in such Additional Accounts.

            Although a summary of certain provisions of the Agreement is set
forth below, this Class B Certificate does not purport to summarize the
Agreement, such summary is qualified in its entirety by the terms and provisions
of the Agreement and reference is made to the Agreement for information with
respect to the interests, rights, benefits, obligations, proceeds, and duties
evidenced hereby and the rights, duties and obligations of the Trustee. A copy
of the Agreement may be obtained from the Trustee by writing to the Trustee at
Four Albany Street, New York, New York 10006, Attention: Corporate Trust and
Agency Group/Structured Finance Group. To the extent not defined herein, the
capitalized terms used herein have the meanings ascribed to them in the
Agreement.

*     VISA and MasterCard are registered trademarks of VISA USA, Inc., and
      MasterCard International, respectively.

                                     A-2-2
<PAGE>   65
            This Class B Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement to which the Holder of this
Class B Certificate by virtue of the acceptance hereof assents and is bound.

            It is the intent of the Seller and the Class B Certificateholders
that, for federal income taxes, state and local income and franchise taxes and
any other taxes imposed on or measured by income, the Class B Certificates will
be treated as indebtedness secured by the Receivables. The Servicer, by entering
into the Agreement, and the Seller, the Holder of the Bank Certificate, each
Holder of a Class B Certificate, and each Holder of a Class A Certificate, by
acceptance of its Certificate, agrees to treat the Series 2000-C Certificates
for purposes of federal income taxes, state and local income and franchise
taxes, and any other taxes imposed on or measured by income, as indebtedness of
the Seller.

            Subject to the terms of the Agreement, payments of principal of the
Class B Certificates are limited to the unpaid Class B Investor Amount, which
may be less than the unpaid principal balance of the Class B Certificates,
pursuant to the terms of the Agreement. Principal payments on the Class B
Certificates will not be made unless the Class A Certificates are paid in full
or the full amount of the Class A Investor Amount is on deposit in the Principal
Funding Account. All principal of and interest on the Class B Certificates is
scheduled to be paid by the August 2005 Distribution Date, but may be paid
earlier. Subject to prior termination as provided in the Agreement, the interest
of the Series 2000-C Certificateholders in the Trust will terminate following
the earliest of (i) the date on which the Investor Amount is paid in full and
(ii) the February 2008 Distribution Date and (iii) the termination of the Trust
pursuant to Section 12.01 of the Agreement.

            The Receivables consist of Principal Receivables which arise
generally from the purchase of goods and services and cash advances and in
respect of Periodic Finance Charges, Overlimit Fees, Late Fees, annual
membership fees and annual service charges, if any, Cash Advance Fees,
transaction charges and all other fees and charges with respect to the Accounts
designated by the Seller to be included in Finance Charge Receivables. This
Certificate is one of a series of Certificates entitled "Fleet Credit Card
Master Trust II, Class B Floating Rate Asset Backed Certificates, Series 2000-C"
(the "Class B Certificates"), each of which represents a fractional undivided
interest in certain assets of the Trust. The Trust's assets are allocated in
part to the Holders of the Class B Certificates and in part to the Holders of
the Class A Certificates, in part to the Collateral Interest Holder, in part to
the Holders of Investor Certificates of all other Series and in part to the
Seller as Holder of the Bank Certificate and the Holders of any outstanding
Supplemental Certificates outstanding from time to time. The Bank Certificate
and any outstanding Supplemental Certificates represent the Sellers' Interest in
the Trust. The Bank Certificate and any outstanding Supplemental Certificates
represent the interest in the Principal Receivables not represented by the
Investor Certificates.

            THE CLASS B CERTIFICATES ARE SUBORDINATED TO THE CLASS A
CERTIFICATES TO THE EXTENT SET FORTH IN THE AGREEMENT.

            The aggregate interest represented by the Series 2000-C Certificates
and the Collateral Interest at any time in the Principal Receivables in the
Trust shall not exceed an

                                     A-2-3
<PAGE>   66
amount equal to the Principal Allocation Percentage thereof (as set forth in the
Agreement) at such time. The Initial Invested Amount is $650,000,000. The
Invested Amount for any date will equal the sum of the Class A Invested Amount,
the Class B Invested Amount and the Collateral Invested Amount. The Class B
Initial Invested Amount is $48,750,000. The Class B Invested Amount for any date
will be an amount equal to (a) the Class B Initial Invested Amount, minus (b)
the aggregate amount of principal payments made to the Class B
Certificateholders on or prior to such date, minus (c) the excess, if any, of
the aggregate amount of Class B Investor Charge-Offs for all prior Distribution
Dates over the aggregate amount of any reimbursement of Class B Investor
Charge-Offs for all Distribution Dates preceding such date, minus (d) the amount
of Reallocated Principal Collections allocated on all prior Distribution Dates,
minus (e) an amount equal to the amount by which the Class B Invested Amount has
been reduced pursuant to subsection 4.6(a) of the Agreement on all prior
Distribution Dates, plus (f) the amount of Excess Spread and Excess Finance
Charges allocated and available on all prior Distribution Dates for the purpose
of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and
(e), and minus (g) the positive difference, if any, between the Principal
Funding Account Balance and the Class A Investor Amount on such date; provided,
however, that the Class B Invested Amount may not be reduced below zero.

            Interest will be distributed monthly on the 15th day of each
calendar month or, if such 15th day is not a Business Day, payment will be made
on the next succeeding Business Day (each, a "Distribution Date"), commencing
October 16, 2000, in an amount equal to the product of (i) (a) a fraction, the
numerator of which is the actual number of days in the related Interest Period
and the denominator of which is 360, times (b) the Class B Certificate Rate, and
(ii) the outstanding principal amount of the Class B Certificates as of the
preceding Record Date (or, in the case of the first Distribution Date, as of the
Closing Date).

      The Class B Certificates will bear interest for each Interest Period at
the rate of 0.39% per annum above LIBOR determined as set forth below (the
"Class B Certificate Rate").

      The Trustee will determine LIBOR on August 23, 2000 for the period from
the Closing Date through October 15, 2000 and for each Interest Period
thereafter, on the second London Business Day prior to the Distribution Date on
which such Interest Period commences (each, a "LIBOR Determination Date"). A
"London Business Day" is any day on which dealings in deposits in United States
dollars are transacted in the London interbank market. The Class B Certificate
Rate applicable to the then current and the immediately preceding Interest
Periods may be obtained by telephoning the Trustee at its Corporate Trust Office
at (800) 735-7777.

      The determination of LIBOR will be made in accordance with the following
provisions:

            (i) On each LIBOR Determination Date, the Trustee will determine
      LIBOR based on the rate for deposits in United States dollars for a period
      of the Designated Maturity which appears on Telerate Page 3750 as of 11:00
      A.M. (London time) on such date.

            (ii) If such rate does not appear on Telerate Page 3750, the Trustee
      will determine LIBOR on the basis of quotations of the offered rates for
      deposits in United States dollars provided by the Reference Banks at
      approximately 11:00 A.M. (London time) on such

                                     A-2-4
<PAGE>   67
      LIBOR Determination Date to prime banks in the London interbank market for
      a period of the Designated Maturity. If at least two such quotations are
      provided, LIBOR will be the arithmetic mean of such quotations.

            (iii) If, on the LIBOR Determination Date, such rate does not appear
      on Telerate Page 3750 and only one or none of the Reference Banks provides
      such offered quotations, LIBOR will be the rate per annum that the Trustee
      determines to be the arithmetic mean of the offered quotations that three
      major banks in The City of New York selected by the Servicer are quoting
      at approximately 11:00 A.M. (New York City time) on that day for loans in
      United States dollars to leading European banks for a period of the
      Designated Maturity.

      "Designated Maturity" as used in the preceding provisions means, one
month; provided, that LIBOR for the initial Interest Period will be determined
by straight-line interpolation (based on the actual number of days in the
initial Interest Period) between two rates determined in accordance with the
definition of LIBOR, one of which will be determined for a Designated Maturity
of one month and the other of which will be determined for a Designated Maturity
of two months.

            On each Distribution Date with respect to the Accumulation Period an
amount equal to the least of (a) Available Investor Principal Collections on
deposit in the Collection Account with respect to such Distribution Date, (b)
the Controlled Deposit Amount for such Distribution Date (minus the portion of
such Controlled Deposit Amount for such Distribution Date applied to Class A
Monthly Principal on such Distribution Date)) and (c) the Class B Invested
Amount, will be deposited in the Principal Funding Account for payment to the
Class B Certificateholders on the Class B Expected Final Distribution Date or
the first Distribution Date with respect to the Rapid Amortization Period
provided that no such amounts shall be paid to the Class B Certificates until
the Class A Certificates are paid in full.

            On each Distribution Date during the Rapid Amortization Period
(following the payment in full of the Class A Certificates) or the Rapid
Accumulation Period (following the deposit of the full amount of the Class A
Investor Amount into the Principal Funding Account) until the Class B Investor
Amount has been paid in full or the Series Termination Date occurs, the Class B
Certificateholders will be entitled to receive Available Investor Principal
Collections (minus the portion of Available Investor Principal Collections
applied to Class A Monthly Principal on such Distribution Date) in an amount up
to the Class B Investor Amount.

            On any Distribution Date occurring on or after the Investor Amount
is reduced to 5% or less of the Initial Invested Amount during the Revolving
Period, the Seller will have the option (to be exercised in their sole
discretion) to repurchase the Certificates.

            This Class B Certificate does not represent an obligation of, or an
interest in, FleetBoston Financial Corporation, the Bank, any Additional Seller,
the Servicer or any Affiliate of any of them. None of the Class B Certificates,
the Accounts or the Receivables are deposits or insured or guaranteed by the
Federal Deposit Insurance Corporation or any other governmental agency. This
Class B Certificate is limited in right of payment to certain Collections
respecting

                                     A-2-5
<PAGE>   68
the Receivables (and certain other amounts), all as more specifically set forth
herein and in the Agreement.

            The Agreement may be amended under certain circumstances by the
Servicer, the Seller and the Trustee, without Certificateholder consent,
provided that (i) the Seller shall have delivered to the Trustee an Officer's
Certificate to the effect that the Seller reasonably believes that such
amendment will not result in the occurrence of a Pay out Event or materially
adversely affect the amount or timing of distributions to be made to the
Investor Certificateholders of any Series or Class and (ii) written confirmation
from each Rating Agency that such amendment will not result in a reduction or
withdrawal of the rating of the Series 2000-C Certificates or the rating of any
other outstanding Series or Class with respect to which it is a Rating Agency.

            The Agreement may be amended by the Servicer, the Seller and the
Trustee, with the consent of the Holders of Investor Certificates evidencing not
less than 66-2/3% of the aggregate Investor Amount of the Investor Certificates
of all adversely affected Series, for the purpose of adding any provisions to,
changing in any manner or eliminating any of the provisions of the Agreement or
of modifying in any manner the rights of Investor Certificateholders of any
Series then issued and outstanding; provided, however, that no such amendment
shall (a) reduce in any manner the amount of, or delay the timing of,
distributions to Investor Certificateholders or deposits of amounts to be so
distributed or the amount available under any Series Enhancement without the
consent to any such amendment of each affected Certificateholder, (b) change the
definition of or the manner of calculating the interest of any Investor
Certificateholder without the consent of each affected Investor
Certificateholder, (c) reduce the aforesaid percentage required to consent to
any such amendment without the consent of each Investor Certificateholder or (d)
adversely affect the rating of any Series or Class by each Rating Agency without
the consent of the Holders of Investor Certificates of such Series or Class
evidencing not less than 66-2/3% of the aggregate Investor Amount of the
Investor Certificates of such Series or Class.

            The Class B Certificates are issuable only in denominations of
$1,000 and integral multiples of $1,000 in excess thereof. The transfer of this
Class B Certificate shall be registered in the Certificate Register upon
surrender of this Class B Certificate for registration of transfer at any office
or agency maintained by the Transfer Agent and Registrar accompanied by a
written instrument of transfer, in a form satisfactory to the Trustee and the
Transfer Agent and Registrar, duly executed by the Holder or his attorney and
duly authorized in writing, and thereupon one or more new Class B Certificates
of authorized denominations and for the same aggregate fractional undivided
interest will be issued to the designated transferee or transferees.

            As provided in the Agreement and subject to certain limitations
therein set forth, this Class B Certificate is exchangeable for a new Class B
Certificate evidencing a like aggregate fractional undivided interest, as
requested by the Holder surrendering this Class B Certificate. No service charge
may be imposed for any such exchange, but the Transfer Agent and Registrar may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith.

                                     A-2-6
<PAGE>   69
            This Class B Certificate may not be acquired by or for the account
of any benefit plan, trust or account, including an individual retirement
account, that is subject to the Employee Retirement Income Security Act of 1974,
as amended, or that is described in Section 4975(e)(1) of the Internal Revenue
Code of 1986, as amended, or an entity whose underlying assets include plan
assets by reason of a plan's investment in such entity (a "Benefit Plan"). By
accepting and holding this Class B Certificate, the Holder hereof shall be
deemed to have represented and warranted that it is not a Benefit Plan. By
acquiring any interest in this Class B Certificate, the applicable Certificate
Owner or Owners shall be deemed to have represented and warranted that it or
they are not Benefit Plans.

            Prior to due presentation of this Class B Certificate for
registration of transfer, the Transfer Agent and Registrar, the Paying Agent and
the Trustee and any agent of any of them may treat the person in whose name this
Class B Certificate is registered as the owner hereof for all purposes, and
neither the Trustee, the Paying Agent or the Transfer Agent and Registrar nor
any agent of any of them shall be affected by notice to the contrary except in
certain circumstances described in the Agreement.

            This Class B Certificate shall be construed in accordance with and
governed by the laws of the State of New York, without reference to its conflict
of law provisions.

            Unless the certificate of authentication hereon has been executed by
or on behalf of the Trustee, by manual signature, or by an authenticating agent
appointed by the Trustee, this Class B Certificate shall not be entitled to any
benefit under the Agreement, or be valid for any purpose.

                                     A-2-7
<PAGE>   70
            IN WITNESS WHEREOF, the Seller has caused this Class B Certificate
to be duly executed.

                                    FLEET BANK (RI), NATIONAL ASSOCIATION

                                    By:______________________________
                                       Vice President

            This is one of the Class B Certificates referred to in the
within-mentioned Agreement.

                                    BANKER TRUST COMPANY,
                                     as Trustee,

                                    By:______________________________
                                       Authorized Officer

Dated:

                                     A-2-8
<PAGE>   71
                                  ----------

                                  ASSIGNMENT
                                  ----------

PLEASE INSERT SOCIAL SECURITY OR OTHER
  IDENTIFYING NUMBER OF ASSIGNEE(S)

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

__________________________
:                        :
:                        :
:                        :
__________________________          _____________________________
(PLEASE PRINT OR TYPEWRITE          NAME AND ADDRESS OF ASSIGNEE)

____________________ the within certificate and all rights thereunder, and
hereby irrevocably constitutes and appoints ____________________ Attorney, with
full power of substitution in the premises, to transfer said certificate on the
books kept for registration thereof.

Dated: ________________________

                              ______________________________
                              Note: The signature(s) to this Assignment must
                              correspond with the name(s) as written on the face
                              of the within certificate in every particular,
                              without alteration or enlargement or any change
                              whatever.

                              (1)   An assignee which is not a United States
                                    Person as defined in the Internal Revenue
                                    Code of 1986, as amended (the "Code") must
                                    certify to the Transfer Agent and Registrar
                                    in writing as to such status and such
                                    further information as may be required under
                                    the Code or reasonably requested by the
                                    Transfer Agent and Registrar.

                                     A-2-9
<PAGE>   72
                                                                      EXHIBIT B
                                                                  TO SUPPLEMENT

                        MONTHLY PAYMENT INSTRUCTIONS AND
                           NOTIFICATION TO THE TRUSTEE

                      FLEET BANK (RI), NATIONAL ASSOCIATION

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

                        FLEET CREDIT CARD MASTER TRUST II
                                  Series 2000-C

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

The undersigned, a duly authorized representative of Fleet Bank (RI), National
Association, (the "Bank"), as successor in interest to Advanta National Bank
(formerly known as Advanta National Bank USA and prior to that known as Colonial
National Bank USA and successor in interest to the former Advanta National
Bank), as Seller and Servicer pursuant to the Amended and Restated Pooling and
Servicing Agreement dated as of December 1, 1993, (as amended and restated on
May 23, 1994, and as amended by Amendment Number 1, dated as of July 1, 1994, as
further amended by Amendment Number 2, dated as of October 6, 1995, as further
amended by Amendment Number 3, dated as of February 20, 1998, and as further
amended by Amendment Number 4, dated May 14, 1999, and as assigned by Advanta
National Bank to the Bank pursuant to an Assignment and Assumption Agreement,
dated as of February 20, 1998, among Advanta National Bank, the Bank, Fleet
Credit Card, LLC, and Bankers Trust Company, as trustee, the "Amended and
Restated Pooling and Servicing Agreement") between the Bank, as seller (in such
capacity, together with its predecessors as sellers during such period as any
such predecessors were sellers, the "Seller") and servicer (in such capacity,
the "Servicer") and Bankers Trust Company, as trustee (the "Trustee"), as
supplemented by the Series 2000-C Supplement, dated as of August 25, 2000, by
and between the Bank, as Seller and Servicer, and the Trustee does hereby
certify as follows:

            A) Capitalized terms used in this Certificate have their respective
meanings set forth in the Agreement. References herein to certain sections are
references to the respective sections of the Agreement.

            B) The Bank is Servicer under the Agreement.

            C) The undersigned is a Servicing Officer.

            D) The date of this notice is a Determination Date under the
Agreement.
<PAGE>   73
1.        APPLICATION OF CLASS A AVAILABLE FUNDS, CLASS B AVAILABLE FUNDS,
          COLLATERAL AVAILABLE FUNDS AND AVAILABLE INVESTOR PRINCIPAL
          COLLECTIONS.

          Pursuant to the Supplement, the Servicer does hereby instruct the
          Trustee (i) to make the following withdrawals from the Collection
          Account with respect to the Distribution Date and (ii) to apply the
          proceeds of such withdrawals in accordance with referenced Sections of
          the Supplement:

<TABLE>
<S>                                                                 <C>
          A)    Class A Available Funds (Section 4.5(a)):
                (1)    Class A Monthly Interest...........          $__________
                (2)    Overdue Class A Monthly Interest...          $__________
                (3)    Class A Additional Interest........          $__________
                (4)    Net Swap Payment...................          $__________
                (5)    Overdue Net Swap Payments..........          $__________
                (6)    Class A Servicing Fee..............          $__________
                (7)    Overdue Class A Servicing Fee......          $__________
                (8)    Class A Investor Default Amount
                       (to be treated as Available
                       Investor Principal Collections)....          $__________
                (9)    Excess Spread......................          $__________
          B)    Class B Available Funds (Section 4.5(b)):
                (1)    Class B Monthly Interest...........          $__________
                (2)    Overdue Class B Monthly Interest...          $__________
                (3)    Class B Additional Interest........          $__________
                (4)    Class B Servicing Fee..............          $__________
                (5)    Overdue Class B Servicing Fee......          $__________
                (6)    Excess Spread......................          $__________
          C)    Collateral Available Funds (Section 4.5(c))
                (1)    If the Bank or Trustee is not the
                       Servicer, Collateral Servicing
                       Fee, if any........................          $__________
                (2)    Overdue Collateral Servicing Fee,
                       if any.............................          $__________
                (3)    Excess Spread......................          $__________
</TABLE>

                                      B-2
<PAGE>   74
<TABLE>
<S>                                                                 <C>
          D)    Available Investor Principal Collections
                (Sections 4.5(d) and (e)):
                (1)    Class A Monthly Principal..........          $__________
                (2)    Class B Monthly Principal..........          $__________
                (3)    Collateral Monthly Principal.......          $__________
                (4)    Shared Principal Collections
                       (available for other Series in
                       Group One or the Holders of the
                       Seller Certificates)...............          $__________
          E)    Excess Spread (Section 4.7):
                (1)    Class A Required Amount, if any....          $__________
                (2)    Class A Investor Charge-Offs (to
                       be treated as Available Investor
                       Principal Collections).............          $__________
                (3)    Portion of Class B Required
                       Amount, if any.....................          $__________
                (4)    Class B Investor Default Amount
                       (to be treated as Available
                       Investor Principal Collections)....          $__________
                (5)    Reimbursement of prior reductions
                       in Class B Invested Amount (to be
                       treated as Available Investor
                       Principal Collections).............          $__________
                (6)    Collateral Minimum Monthly
                       Interest, Overdue Collateral
                       Minimum Monthly Interest and
                       Collateral Additional Interest.....          $__________
                (7)    Any Collateral Servicing Fee and
                       any unpaid Collateral Servicing
                       Fee................................          $__________
                (8)    Collateral Default Amount (to be
                       treated as Available Investor
                       Principal Collections).............          $__________
                (9)    Reimbursement of prior reductions
                       in Collateral Invested Amount (to
                       be treated as Available Investor
                       Principal Collections).............          $__________
                (10)   Excess of Required Reserve Account
                       Amount over the amount on deposit
                       in Reserve Account.................          $__________
                (11)   Amounts due to Collateral Interest
                       Holder.............................          $__________
</TABLE>

                                      B-3
<PAGE>   75
<TABLE>
<S>                                                                 <C>
          F)    Reallocated Principal Collections (Section 4.8):
                (1)    Payable in respect of Class A
                       Required Amount....................          $__________
                (2)    Payable in respect of Class B
                       Required Amount....................          $__________
                (3)    Balance (to be treated as Available
                       Investor Principal Collections)....          $__________
          G)    Excess Finance Charges (Section 4.9):
                (1)    Finance Charge Shortfall for
                       Series 2000-C......................          $__________
                (2)    Excess Finance Charges from other
                       Series in Group One allocated to
                       Series 2000-C......................          $__________
          H)    Shared Principal Collections (Section 4.10):
                (1)    Principal Shortfall for Series
                       2000-C.............................          $__________
                (2)    Shared Principal Collections from
                       other Series in Group One allocated
                       to Series 2000-C...................          $__________
                                                                    $__________
          I)    Distributions to Holders of Class A Certificates,
                to the Swap Counterparty, Holders of the Class B
                Certificates and Collateral Interest (Sections 4.5
                and 5.1)
                (1)    Interest Distributable to Holders
                       of the Class A Certificates on
                       Distribution Date..................          $__________
                (2)    Net Swap Payment and Overdue Net
                       Swap Payments to be paid to Swap
                       Counterparty.......................          $__________
                (3)    Interest Distributable to Holders
                       of the Class B Certificates on
                       Distribution Date..................          $__________
                (4)    Amount Distributable as interest
                       to the Collateral Interest Holders
                       on the Transfer Date (Collateral
                       Minimum Monthly Interest under
                       Section 4.7(f) plus other amounts
                       payable to the Collateral Interest
                       Holder under 4.7(k) and 4.14)......          $__________
                (5)    Principal Distributable to the
                       Class A Certificateholders on
                       Distribution Date..................          $__________
                (6)    Principal Distributable to the
                       Class B Certificateholder on
                       Distribution Date..................          $__________
</TABLE>

                                      B-4
<PAGE>   76
<TABLE>
<S>                                                                 <C>
                (7)    Principal Distributable to the
                       Collateral Interest Holder on
                       Transfer Date......................          $__________
                (8)    Principal Collections
                       Distributable to Fleet Bank (RI),
                       National Association as holder of
                       the Sellers Certificate on
                       Distribution Date..................          $__________
          J)    Distributions to Noteholders and to Fleet Bank
                (RI), National Association under the Transfer
                Agreement (Section 3.02 of Transfer Agreement)
                (1)    Interest Distributable to
                       Noteholders on Payment Date........          $__________
                (2)    Principal Distributable to
                       Noteholders on Payment Date........          $__________
                (3)    Amount Distributable to Fleet Bank
                       (RI), National Association, as
                       Transferor on Payment Date
                       (Section 3.02(a)(vi) of the
                       Transfer Agreement; amounts
                       remaining after satisfying
                       3.02(a)(i) through (v))............          $__________
</TABLE>

                                      B-5
<PAGE>   77
            IN WITNESS WHEREOF, the undersigned has duly executed this
certificate this ____ day of __________, ____.

                                    FLEET BANK (RI), NATIONAL ASSOCIATION,
                                      as Servicer

                                    By:______________________________
                                       Servicing Officer

                                      B-6
<PAGE>   78
                                                                      EXHIBIT C
                                                                  TO SUPPLEMENT

                  FORM OF MONTHLY CERTIFICATEHOLDER'S STATEMENT
                 (To be delivered by the Paying Agent on behalf
                    of the Trustee on each Distribution Date
                  pursuant to Section 5.2(b) of the Supplement)

                      FLEET BANK (RI), NATIONAL ASSOCIATION

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

                        FLEET CREDIT CARD MASTER TRUST II
                                  SERIES 2000-C

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

            Under the Amended and Restated Pooling and Servicing Agreement dated
as of December 1, 1993, (as amended and restated on May 23, 1994, and as amended
by Amendment Number 1, dated as of July 1, 1994, as further amended by Amendment
Number 2, dated as of October 6, 1995, as further amended by Amendment Number 3,
dated as of February 20, 1998, as further amended by Amendment Number 4, dated
as of May 14, 1999, and as assigned by Advanta National Bank to the Bank
pursuant to an Assignment and Assumption Agreement, dated as of February 20,
1998, among Advanta National Bank, the Bank, Fleet Credit Card, LLC, and Bankers
Trust Company, as trustee, the "Amended and Restated Pooling and Servicing
Agreement") between the Bank, as seller (in such capacity, together with its
predecessors as sellers during such period as any such predecessors were
sellers, the "Seller") and servicer (in such capacity, the "Servicer") and
Bankers Trust Company, as trustee (the "Trustee"), as supplemented by the Series
2000-C Supplement, dated as of August 25, 2000, by and between the Bank, as
Seller and Servicer, and the Trustee, the Bank, as Servicer, is required to
prepare certain information each month regarding current distributions to all
Series 2000-C Certificateholders. This statement relates to the Distribution
Date (the "Distribution Date") and the performance of the Fleet Credit Card
Master Trust II (the "Trust") during the prior Monthly Period (the "Monthly
Period"). Certain of the information is presented on the basis of an original
principal amount of $1,000 per Series 2000-C Certificate. Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. All capitalized terms used herein shall have the respective meanings set
forth in the Agreement.

<TABLE>
<S>                                                              <C>
1.       The total amount of the distribution on the
         Distribution Date per $1,000 original principal
         amount of the Class A Certificates................      $__________
</TABLE>
<PAGE>   79
<TABLE>
<S>                                                              <C>
2.       The total amount of the distribution on the
         Distribution Date per $1,000 original principal
         amount of the Class B Certificates................      $__________

3.       The amount of the distribution set forth in
         paragraph 1 above in respect of principal per
         $1,000 original principal amount of the Class A
         Certificates......................................      $__________

4.       The amount of the distribution set forth in
         paragraph 2 above in respect of principal per
         $1,000 original principal amount of the Class B
         Certificates......................................      $__________

5.       The amount of the distribution set forth in
         paragraph 1 above in respect of interest per
         $1,000 original principal amount of the Class A
         Certificates......................................      $___________

6.       The amount of the distribution set forth in
         paragraph 2 above in respect of interest per
         $1,000 original principal amount of the Class B
         Certificates......................................      $__________

7.       The aggregate amount of Collections of
         Receivables processed for the prior Monthly
         Period which were allocated in respect of Series
         2000-C............................................      $__________

8.       The aggregate amount of Collections of Principal
         Receivables processed during the prior Monthly
         Period and allocated in respect of Series 2000-C..      $__________

9.       The aggregate amount of Reallocated Principal
         Collections with respect to the prior Monthly
         Period............................................      $__________

10.      The aggregate amount of Collections of Finance
         Charge Receivables processed during the prior
         Monthly Period and allocated in respect of the
         Class A Certificates..............................      $__________

11.      The aggregate amount of Collections of Finance
         Charge Receivables processed during the prior
         Monthly Period and allocated in respect of the
         Class B Certificates..............................      $__________

12.      The Principal Allocation Percentage(s) during the
         prior Monthly Period..............................      ____% [Dates]
                                                                 ____% [Dates]

13.      The Floating Allocation Percentage(s) during the
         prior Monthly Period..............................      ____% [Dates]
                                                                 ____% [Dates]
</TABLE>

                                      C-2
<PAGE>   80
<TABLE>
<S>                                                              <C>
14.      The aggregate outstanding balance of Accounts           $__________
         which are 30, 60, 90, 120, 150 and 180 or more          $__________
         days delinquent as of the end of the prior              $__________
         Monthly Period is.................................      $__________
                                                                 $__________
                                                                 $__________
15.      The Class A Investor Default Amount for the prior
         Monthly Period is.................................      $__________

16.      The Class B Investor Default Amount for the prior
         Monthly Period is.................................      $__________

17.      The Collateral Default Amount for the prior
         Monthly Period....................................      $__________

18.      The aggregate amount of Class A Investor
         Charge-Offs for the prior Monthly Period is.......      $__________

19.      The aggregate amount of Class B Investor
         Charge-Offs for the prior Monthly Period is.......      $__________

20.      The aggregate amount of Collateral Charge-Offs
         for the prior Monthly Period......................      $__________

21.      The aggregate amount of Class A Investor
         Charge-Offs reimbursed on the Distribution Date is      $__________

22.      The aggregate amount of Class B Investor
         Charge-Offs reimbursed on the Distribution Date is      $__________

23.      The aggregate amount of Collateral Charge-Offs
         reimbursed on the Distribution Date ..............      $__________

24.      The amount of the Class A Servicing Fee for the
         prior Monthly Period is...........................      $__________

25.      The amount of the Class B Servicing Fee for the
         prior Monthly Period is...........................      $__________

26.      The amount of the Collateral Servicing Fee for
         the prior Monthly Period is.......................      $__________

27.      The Class A Investor Amount after giving effect
         to any payments on the Distribution Date is.......      $__________

28.      The Class A Invested Amount after giving effect
         to any payments on the Distribution Date is.......      $__________

29.      The Class B Investor Amount after giving effect
         to any payments on the Distribution Date is.......      $__________

30.      The Class B Invested Amount after giving effect
         to any payments on the Distribution Date is.......      $__________
</TABLE>

                                      C-3
<PAGE>   81
<TABLE>
<S>                                                                 <C>
31.      The amount, if any, by which the outstanding
         principal balance of the Class A Certificates
         exceeds the Class A Investor Amount after giving
         effect to any activity on the Distribution Date is ...     $__________

32.      The amount, if any, by which the outstanding
         principal balance of the Class B Certificates
         exceeds the Class B Investor Amount after giving
         effect to any activity on the Distribution Date is ...     $__________

33.      The Collateral Invested Amount as of the close of
         business on the Distribution Date....................      $__________

34.      The amount on deposit in the Principal Funding
         Account as of the close of business on the
         Distribution Date is ................................      $__________

35.      The amount on deposit in the Reserve Account as
         of the close of business on the Distribution Date
         is...................................................      $__________

36.      The amount on deposit in the Swap Reserve Fund as
         of the close of business on the Distribution Date
         is...................................................      $__________

37.      The amount by which the Net Portfolio Yield for
         the prior Monthly Period exceeds the Base Rate
         for such Monthly Period..............................      $__________

38.      The Net Portfolio Yield for the prior Monthly
         Period is............................................      $__________

39.      The Base Rate for the Prior Monthly Period is........      $__________

40.      The amount of Interchange with respect to the
         prior Monthly Period is..............................      $__________

41.      The Deficit Controlled Accumulation Amount (after
         giving effect to any activity on the Distribution
         Date)................................................      $__________

42.      The amount of the Net Swap Receipt for the
         related Transfer Date................................      $__________

43.      The amount of the Net Swap Payment for the
         related Transfer Date................................      $__________

44.      Matters Related to the Interest Rate Swap:
         a.    Has the Interest Reserve Account been
               established?...................................       __________
         b.    Has the Interest Reserve Account been
               funded?........................................       __________
         c.    Aggregate amount withdrawn from the
               Interest Reserve Account, if any...............      $__________
         d.    Has the Interest Rate Swap been terminated.....       __________
</TABLE>

                                      C-4
<PAGE>   82
                    FLEET BANK (RI), NATIONAL ASSOCIATION,
                      as Servicer

                    By:______________________________
                         Title

                                      C-5
<PAGE>   83
                                                                       EXHIBIT D
                                                                   TO SUPPLEMENT

                            FORM OF INVESTMENT LETTER

                                     [Date]

      Re:   Fleet Credit Card Master Trust II;
            Purchases of Series 2000-C Collateral Interest

Ladies and Gentlemen:

            This letter (the "Investment Letter") is delivered by the
undersigned (the "Purchaser") pursuant to Section 10.8 of the Series 2000-C
Supplement, dated as of August 25, 2000 (the "Series Supplement") to the Pooling
and Servicing Agreement, dated as of December 1, 1993 (as amended and
supplemented, the "Agreement"), each among Bankers Trust Company, as Trustee,
and Fleet Bank (RI), National Association, as Seller and Servicer. Capitalized
terms used herein without definition shall have the meanings set forth in the
Agreement. The Purchaser represents to and agrees with the Seller as follows:

            (a)   The Purchaser has such knowledge and experience in financial
                  and business matters as to be capable of evaluating the merits
                  and risks of its investment in the Collateral Interest and is
                  able to bear the economic risk of such investment.

            (b)   The Purchaser is an "accredited investor," as defined in Rule
                  501, promulgated by the Securities and Exchange Commission
                  (the "Commission") under the Securities Act of 1933, as
                  amended (the "Securities Act"), or is a sophisticated
                  institutional investor. The Purchaser understands that the
                  offering and sale of the Collateral Interest has not been and
                  will not be registered under the Securities Act and has not
                  and will not be registered or qualified under any applicable
                  "Blue Sky" law, and that the offering and sale of the
                  Collateral Interest has not been reviewed by, passed on or
                  submitted to any federal or state agency or commission,
                  securities exchange or other regulatory body.

            (c)   The Purchaser is acquiring an interest in the Collateral
                  Interest without a view to any distribution, resale or other
                  transfer thereof except, with respect to any Collateral
                  Interest or any interest or participation therein, as
                  contemplated in the following sentence. The Purchaser will not
                  resell or otherwise transfer any interest or participation in
                  the Collateral Interest, except in accordance with Section
                  10.8 of the Series Supplement and (i) in a transaction exempt
                  from the registration requirements of the Securities Act of
                  1933, as amended, and applicable state securities or "blue
                  sky" laws; (ii) to the Seller or any affiliate of the Seller;
                  or (iii) to a person who the Purchaser reasonably believes is
                  a qualified institutional buyer (within the meaning thereof in
                  Rule 144A under the Securities Act) that is aware
<PAGE>   84
                  that the resale or other transfer is being made in reliance
                  upon Rule 144A. In connection therewith, the Purchaser hereby
                  agrees that it will not resell or otherwise transfer the
                  Collateral Interest or any interest therein unless the
                  purchaser thereof provides to the addressee hereof a letter
                  substantially in the form hereof.

            (d)   No portion of the Collateral Interest or any interest therein
                  may be transferred, and each Assignee will certify that it is
                  not, (a) an "employee benefit plan" (as defined in Section
                  3(3) of ERISA), including governmental plans and church plans,
                  (b) any "plan" (as defined in Section 4975(e)(1) of the Code)
                  including individual retirement accounts and Keogh plans, or
                  (c) any other entity whose underlying assets include "plan
                  assets" (within the meaning of Department of Labor Regulation
                  Section 2510.3-101, 29 C.F.R. Section 2510.3-101 or otherwise
                  under ERISA) by reason of a plan's investment in the entity,
                  including, without limitation, an insurance company general
                  account.

            (e)   This Investment Letter has been duly executed and delivered
                  and constitutes the legal, valid and binding obligation of the
                  Purchaser, enforceable against the Purchaser in accordance
                  with its terms, except as such enforceability may be limited
                  by bankruptcy, insolvency, reorganization, moratorium or
                  similar laws or equitable principles affecting the enforcement
                  of creditors' rights generally and general principles of
                  equity.

                                                Very truly yours,

                                                [NAME OF PURCHASER]

                                                By:  __________________________
                                                     Name:
                                                     Title:

AGREED TO AS OF THE DATE FIRST
ABOVE WRITTEN:

FLEET BANK (RI), NATIONAL
   ASSOCIATION

By:  _______________________
     Name:
     Title:

                                      D-2<PAGE>   1
(MULTICURRENCY-CROSS BORDER)

                                 [ISDA(R) LOGO]

                  International Swap Dealers Association, Inc.

                                MASTER AGREEMENT

                           dated as of 25 AUGUST 2000

CREDIT SUISSE FIRST BOSTON INTERNATIONAL and BANKER TRUST COMPANY ACTING AS
                                             TRUSTEE FOR THE FLEET CREDIT CARD
                                             MASTER TRUST II

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

Accordingly, the parties agree as follows:-

1.   INTERPRETATION

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

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

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

2.   OBLIGATIONS

(a)  GENERAL CONDITIONS.

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

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

     (iii) Each obligation of each party under Section 2(a)(i) is subject to (1)
     the condition precedent that no Event of Default or Potential Event of
     Default with respect to the other party has occurred and is continuing, (2)
     the condition precedent that no Early Termination Date in respect of the
     relevant Transaction has occurred or been effectively designated and (3)
     each other applicable condition precedent specified in this Agreement.

         Copyright(C) 1992 by International Swap Dealers Association, Inc.
<PAGE>   2
(b)  Change of Account. Either party may change its account for receiving a
payment or delivery by giving notice to the other party at least five Local
Business Days prior to the scheduled date for the payment or delivery to which
such change applies unless such other party gives timely notice of a reasonable
objection to such change.

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

     (i)  in the same currency; and

     (ii) in respect of the same Transaction,

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

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

(d)  Deduction or Withholding for Tax.

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

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

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

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

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

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

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

                                       2
<PAGE>   3
     (ii) Liability. If:--

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

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

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

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

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

3.   REPRESENTATIONS

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

(a)  Basic Representations.

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

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

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

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

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

                                       3
<PAGE>   4
(b)  ABSENCE OF CERTAIN EVENTS. No Event of Default or Potential Event of
Default or, to its knowledge, Termination Event with respect to it has occurred
and is continuing and no such event or circumstance would occur as a result of
its entering into or performing its obligations under this Agreement or any
Credit Support Document to which it is a party.

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

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

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

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

4.   AGREEMENTS

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

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

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

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

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

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

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

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

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

(e)  PAYMENT OF STAMP TAX. Subject to Section 11, it will pay any Stamp Tax
levied or imposed upon it or in respect of its execution or performance of this
Agreement by a jurisdiction in which it is incorporated,

                                       4
<PAGE>   5
organised, managed and controlled, or considered to have its seat, or in which a
branch or office through which it is acting for the purpose of this Agreement is
located ("Stamp Tax Jurisdiction") and will indemnify the other party against
any Stamp Tax levied or imposed upon the other party or in respect of the other
party's execution or performance of this Agreement by any such Stamp Tax
Jurisdiction which is not also a Stamp Tax Jurisdiction with respect to the
other party.

5.   EVENTS OF DEFAULT AND TERMINATION EVENTS

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

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

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

     (iii) CREDIT SUPPORT DEFAULT.

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

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

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

     (iv)  MISREPRESENTATION. A representation (other than a representation
     under Section 3(e) or (f)) made or repeated or deemed to have been made or
     repeated by the party or any Credit Support Provider of such party in this
     Agreement or any Credit Support Document proves to have been incorrect or
     misleading in any material respect when made or repeated or deemed to have
     been made or repeated;

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

     (vi)  CROSS DEFAULT. If "Cross Default" is specified in the Schedule as
     applying to the party, the occurrence or existence of (1) a default, event
     of default or other similar condition or event (however

                                       5
<PAGE>   6
described) in respect of such party, any Credit Support Provider of such party
or any applicable Specified Entity of such party under one or more agreements or
instruments relating to Specified Indebtedness of any of them (individually or
collectively) in an aggregate amount of not less than the applicable Threshold
Amount (as specified in the Schedule) which has resulted in such Specified
Indebtedness becoming, or becoming capable at such time of being declared, due
and payable under such agreements or instruments, before it would otherwise have
been due and payable or (2) a default by such party, such Credit Support
Provider or such Specified Entity (individually or collectively) in making one
or more payments on the due date thereof in an aggregate amount of not less than
the applicable Threshold Amount under such agreements or instruments (after
giving effect to any applicable notice requirement or grace period);

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

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

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

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

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

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

                                       6
<PAGE>   7
Upon Merger if the event is specified pursuant to (iv) below or an Additional
Termination Event if the event is specified pursuant to (v) below:--

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

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

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

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

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

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

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

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

                                       7
<PAGE>   8
6.       EARLY TERMINATION

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

(b)      RIGHT TO TERMINATE FOLLOWING TERMINATION EVENT.

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

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

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

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

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

         (iv) RIGHT TO TERMINATE. If:--

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

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

         either party in the case of an Illegality, the Burdened Party in the
         case of a Tax Event Upon Merger, any Affected Party in the case of a
         Tax Event or an Additional Termination Event if there is more than one
         Affected Party, or the party which is not the Affected Party in the
         case of a Credit Event Upon Merger or an Additional Termination Event
         if there is only one Affected Party may, by not more than 20 days
         notice to the other party and provided that the relevant Termination
         Event is then

                                       8

<PAGE>   9
       continuing, designate a day not earlier than the day such notice is
       effective as an Early Termination Date in respect of all Affected
       Transactions.

(c)    EFFECT OF DESIGNATION.

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

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

(d)    CALCULATIONS.

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

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

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

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

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

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

            (3) Second Method and Market Quotation. If the Second Method and
            Market Quotation apply, an amount will be payable equal to (A) the
            sum of the Settlement Amount (determined by the

                                       9

<PAGE>   10
       Non-defaulting Party) in respect of the Terminated Transactions and the
       Termination Currency Equivalent of the Unpaid Amounts owing to the
       Non-defaulting Party less (B) the Termination Currency Equivalent of the
       Unpaid Amounts owing to the Defaulting Party. If that amount is a
       positive number, the Defaulting Party will pay it to the Non-defaulting
       Party; if it is a negative number, the Non-defaulting Party will pay the
       absolute value of that amount to the Defaulting Party.

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

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

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

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

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

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

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

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

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

                                       10
<PAGE>   11
7.    TRANSFER

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

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

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

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

8.   CONTRACTUAL CURRENCY

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

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

(c)  SEPARATE INDEMNITIES. To the extent permitted by applicable law, these
indemnities constitute separate and independent obligations from the other
obligations in this Agreement, will be enforceable as separate and independent
causes of action, will apply notwithstanding any indulgence granted by the party
to which any payment is owed and will not be affected by judgment being obtained
or claim or proof being made for any other sums payable in respect of this
Agreement.

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

                                       11
<PAGE>   12
9.   MISCELLANEOUS

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

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

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

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

(e)  COUNTERPARTS AND CONFIRMATIONS.

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

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

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

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

10.  OFFICES; MULTIBRANCH PARTIES

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

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

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

11.  EXPENSES

A Defaulting Party will, on demand, indemnify and hold harmless the other party
for and against all reasonable out-of-pocket expenses, including legal fees and
Stamp Tax, incurred by such other party by reason of the enforcement and
protection of its rights under this Agreement or any Credit Support Document

                                       12

<PAGE>   13
to which the Defaulting Party is a party or by reason of the early termination
of any Transaction, including, but not limited to, costs of collection.

12.  Notices

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

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

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

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

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

     (v)   if sent by electronic messaging system, on the date that electronic
     message is received,

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

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

13.  Governing Law and Jurisdiction

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

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

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

     (ii) waives any objection which it may have at any time to the laying of
     venue of any Proceedings brought in any such court, waives any claim that
     such Proceedings have been brought in an inconvenient forum and further
     waives the right to object, with respect to such Proceedings, that such
     court does not have any jurisdiction over such party.

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

(c)  Service of Process. Each party irrevocably appoints the Process Agent (if
any) specified opposite its name in the Schedule to receive, for it and on its
behalf, service of process in any Proceedings. If for any

                                       13
<PAGE>   14
reason any party's Process Agent is unable to act as such, such party will
promptly notify the other party and within 30 days appoint a substitute process
agent acceptable to the other party. The parties irrevocably consent to service
of process given in the manner provided for notices in Section 12. Nothing in
this Agreement will affect the right of either party to serve process in any
other manner permitted by law.

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

14.  Definitions

As used in this Agreement:--

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

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

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

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

"Applicable Rate" means:--

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

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

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

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

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

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

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

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

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

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

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

                                       14

<PAGE>   15
"DEFAULTING PARTY" has the meaning specified in Section 6(a).

"EARLY TERMINATION DATE" means the date determined in accordance with Section
6(a) or 6(b)(iv).

"EVENT OF DEFAULT" has the meaning specified in Section 5(a) and, if
applicable, in the Schedule.

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

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

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

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

"LOSS" means, with respect to this Agreement or one or more Terminated
Transactions, as the case may be, and a party, the Termination Currency
Equivalent of an amount that party reasonably determines in good faith to be
its total losses and costs (or gain, in which case expressed as a negative
number) in connection with this Agreement or that Terminated Transaction or
group of Terminated Transactions, as the case may be, including any loss of
bargain, cost of funding or, at the election of such party but without
duplication, loss or cost incurred as a result of its terminating, liquidating,
obtaining or reestablishing any hedge or related trading position (or any gain
resulting from any of them). Loss includes losses and costs (or gains) in
respect of any payment or delivery required to have been made (assuming
satisfaction of each applicable condition precedent) on or before the relevant
Early Termination Date and not made, except, so as to avoid duplication, if
Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies. Loss does not include a
party's legal fees and out-of-pocket expenses referred to under Section 11. A
party will determine its Loss as of the relevant Early Termination Date, or, if
that is not reasonably practicable, as of the earliest date thereafter as is
reasonably practicable. A party may (but need not) determine its Loss by
reference to quotations of relevant rates or prices from one or more leading
dealers in the relevant markets.

"MARKET QUOTATION" means, with respect to one or more Terminated Transactions
and a party making the determination, an amount determined on the basis of
quotations from Reference Market-makers. Each quotation will be for an amount,
if any, that would be paid to such party (expressed as a negative number) or by
such party (expressed as a positive number) in consideration of an agreement
between such party (taking into account any existing Credit Support Document
with respect to the obligations of such party) and the quoting Reference
Market-maker to enter into a transaction (the "Replacement Transaction") that
would have the effect of preserving for such party the economic equivalent of
any payment or delivery (whether the underlying obligation was absolute or
contingent and assuming the satisfaction of each applicable condition
precedent) by the parties under Section 2(a)(i) in respect of such Terminated
Transaction or group of Terminated Transactions that would, but for the
occurrence of the relevant Early Termination Date, have

                                       15
<PAGE>   16
been required after that date. For this purpose, Unpaid Amounts in respect of
the Terminated Transaction or group of Terminated Transactions are to be
excluded but, without limitation, any payment or delivery that would, but for
the relevant Early Termination Date, have been required (assuming satisfaction
of each applicable condition precedent) after that Early Termination Date is to
be included. The Replacement Transaction would be subject to such documentation
as such party and the Reference Market-maker may, in good faith, agree. The
party making the determination (or its agent) will request each Reference
Market-maker to provide its quotation to the extent reasonably practicable as
of the same day and time (without regard to different time zones) on or as soon
as reasonably practicable after the relevant Early Termination Date. The day
and time as of which those quotations are to be obtained will be selected in
good faith by the party obliged to make a determination under Section 6(e),
and, if each party is so obliged, after consultation with the other. If more
than three quotations are provided, the Market Quotation will be the
arithmetic mean of the quotations, without regard to the quotations having the
highest and lowest values. If exactly three such quotations are provided, the
Market Quotation will be the quotation remaining after disregarding the highest
and lowest quotations. For this purpose, if more than one quotation has the
same highest value or lowest value, then one of such quotations shall be
disregarded. If fewer than three quotations are provided, it will be deemed
that the Market Quotation in respect of such Terminated Transaction or group of
Terminated Transactions cannot be determined.

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

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

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

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

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

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

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

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

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

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

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

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

                                       16

<PAGE>   17
"SPECIFIED INDEBTEDNESS" means, subject to the Schedule, any obligation
(whether present or future, contingent or otherwise, as principal or surety or
otherwise) in respect of borrowed money.

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

"STAMP TAX" means any stamp, registration, documentation or similar tax.

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

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

"TAX EVENT UPON MERGER" has the meaning specified in Section 5(b).

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

"TERMINATION CURRENCY" has the meaning specified in the Schedule.

"TERMINATION CURRENCY EQUIVALENT" means, in respect of any amount denominated in
the Termination Currency, such Termination Currency amount and, in respect of
any amount denominated in a currency other than the Termination Currency (the
"Other Currency"), the amount in the Termination Currency determined by the
party making the relevant determination as being required to purchase such
amount of such Other Currency as at the relevant Early Termination Date, or, if
the relevant Market Quotation or Loss (as the case may be), is determined as of
a later date, that later date, with the Termination Currency at the rate equal
to the spot exchange rate of the foreign exchange agent (selected as provided
below) for the purchase of such Other Currency with the Termination Currency at
or about 11:00 a.m. (in the city in which such foreign exchange agent is
located) on such date as would be customary for the determination of such a rate
for the purchase of such Other Currency for value on the relevant Early
Termination Date or that later date. The foreign exchange agent will, if only
one party is obliged to make a determination under Section 6(e), be selected in
good faith by that party and otherwise will be agreed by the parties.

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

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

"UNPAID AMOUNTS" owing to any party means, with respect to an Early Termination
Date, the aggregate of (a) in respect of all Terminated Transactions, the
amounts that became payable (or that would have become payable but for Section
2(a)(ii)) to such party under Section 2(a)(i) on or prior to such Early
Termination Date and which remain unpaid as at such Early Termination Date and
(b) in respect of each Terminated Transaction, for each obligation under Section
2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be
settled by delivery to such party on or prior to such Early Termination Date and
which has not been so settled as at such Early Termination Date, an amount equal
to the fair market

                                       17
<PAGE>   18
value of that which was (or would have been) required to be delivered as of the
originally scheduled date for delivery, in each case together with (to the
extent permitted under applicable law) interest, in the currency of such
amounts, from (and including) the date such amounts or obligations were or
would have been required to have been paid or performed to (but excluding) such
Early Termination Date, at the Applicable Rate. Such amounts of interest will
be calculated on the basis of daily compounding and the actual number of days
elapsed. The fair market value of any obligation referred to in clause (b)
above shall be reasonably determined by the party obliged to make the
determination under Section 6(e) or, if each party is so obliged, it shall be
the average of the Termination Currency Equivalents of the fair market values
reasonably determined by both parties.

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

   CREDIT SUISSE FIRST BOSTON          BANKERS TRUST COMPANY ACTING AS TRUSTEE
          INTERNATIONAL               FOR THE FLEET CREDIT CARD MASTER TRUST II
---------------------------------     -----------------------------------------
         (Name of Party)                          (Name of Party)

By: /s/ Michael Pringle               By: /s/ Peter Becker
    -----------------------------         -------------------------------------
    Name:  Michael Pringle                Name:  Peter Becker
    Title: Attorney-In-Fact               Title: Assistant Vice President
    Date:  24 August 2000                 Date:  24 August 2000

By: /s/ Edmond Curtin
    -----------------------------
    Name:  Edmond Curtin
    Title: Director - Legal and
           Compliance Department
    Date:  24 August 2000

                                       18

<PAGE>   19
                                                                    Exhibit 10.1

                                                                  EXECUTION COPY

                                    SCHEDULE
                                     TO THE
                                MASTER AGREEMENT
                           dated as of August 25, 2000
                                     between
              Credit Suisse First Boston International ("Party A"),

                                       and

                      BANKERS TRUST COMPANY (the "Trustee")
                              acting as trustee for

The FLEET CREDIT CARD MASTER TRUST II ("Party B"), a trust formed pursuant to a
pooling and servicing agreement dated as of December 1, 1993 and amended and
restated on May 23, 1994 (as further amended and supplemented from time to time,
the "Pooling and Servicing Agreement"), as supplemented by the Series 2000-C
Supplement dated as of August 25, 2000 each between Fleet Bank (RI), National
Association, as Seller and Servicer, and the Trustee (the Pooling and Servicing
Agreement, as so supplemented, the "Trust Agreement").

Part 1.  TERMINATION PROVISIONS

In this Agreement:

(a)      "SPECIFIED ENTITY" shall not apply for purposes of this Agreement.

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

(c)      The "BREACH OF AGREEMENT" provisions of Section 5(a)(ii), the
         "Misrepresentation" provisions of Section 5(a)(iv), the "Default under
         Specified Transaction" provisions of Section 5(a)(v), the "Cross
         Default" provisions of Section 5(a)(vi), the "Merger Without
         Assumption" provisions of Section 5(a)(viii), the "Tax Event"
         provisions of Section 5(b)(ii), "Tax Event Upon Merger" provisions of
         Section 5(b)(iii), and the "Credit Event Upon Merger" provisions of
         Section 5(b)(iv) will not apply to Party A and will not apply to Party
         B. Solely with respect to payments required to be made by Party A
         relating to the Rapid Accumulation Period, the word "third" in the
         final line of Section 5(a)(i) shall be replaced with "12:00 noon New
         York City time of the first".
<PAGE>   20
(d)      The "AUTOMATIC EARLY TERMINATION" provisions of Section 6(a) will not
         apply to Party A and will not apply to Party B.

(e)      PAYMENTS ON EARLY TERMINATION. For the purpose of Section 6(e) of this
         Agreement, Market Quotation and the Second Method will apply; provided,
         however, that in the case of an Event of Default with respect to Party
         A as the Defaulting Party or a Termination Event with respect to Party
         A as the Affected Party, the related Settlement Amount, if negative,
         will be deemed to be zero if the Market Quotation cannot be determined.

(f)      MARKET QUOTATION. Notwithstanding anything to the contrary in the
         definition of Market Quotation in Section 14, in the case of an Event
         of Default with respect to Party A as the Defaulting Party or a
         Termination Event with respect to Party A as the Affected Party, the
         Market Quotation, if negative, will be deemed to be the negative
         quotation, if any, with the highest absolute value received from any
         Reference Market-maker, even if only one quotation is provided, with
         which Party B is able, using its best efforts, to enter into a
         Replacement Transaction even if Party B reasonably believes such Market
         Quotation would not produce a commercially reasonable result.

(g)      "REFERENCE MARKET-MAKER" will not have the meaning specified in Section
         14, but will instead mean the following:

                  "Reference Market-maker" means five leading dealers in the
                  relevant market selected by the party determining the Market
                  Quotation in good faith (a) from among dealers which are rated
                  not lower than investment grade by Standard & Poor's Ratings
                  Group, a division of McGraw-Hill, Inc. ("S&P") and Moody's
                  Investor Services, Inc. ("Moody's") which satisfy the criteria
                  that such party applies generally at that time in deciding
                  whether to offer or make an extension of credit and (b) to the
                  extent practicable, from among dealers having an office in the
                  same city.

(h)      "TERMINATION CURRENCY" means United States Dollars ("USD").

Part 2.  TAX REPRESENTATIONS.

(a)      PAYER TAX REPRESENTATIONS.  For the purpose of Section 3(e) of this
         Agreement, Party A and Party B will each make the following
         representation:

         It is not required by any applicable law, as modified by the practice
         of any relevant governmental revenue authority, of any Relevant
         Jurisdiction to make any deduction or withholding for or on account of
         any Tax from any payment (other than interest under Sections 2(e),
         6(d)(ii) and 6(e) of this Agreement) to be made by it to the other
         party under this Agreement. In making this representation, it may rely
         on (i) the accuracy of any representation made by the other party
         pursuant to Section 3(f) of this Agreement, (ii) the

                                       2
<PAGE>   21
         satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii)
         of this Agreement and the accuracy and effectiveness of any document
         provided by the other party pursuant to Section 4(a)(i) and 4(a)(iii)
         of this Agreement; and (iii) the satisfaction of the agreement of the
         other party contained in Section 4(d) of this Agreement, provided that
         it shall not be a breach of this representation where reliance is
         placed on clause (ii) and the other party does not deliver a form or
         document under Section 4(a)(iii) by reason of material prejudice to its
         legal or commercial position.

(b)      PAYEE REPRESENTATIONS.  For the purpose of Section 3(f) of this
         Agreement, Party A and Party B make the following representations:

         (i)      The following representation will apply to Party B:

                  For United States federal income tax purposes it is a "United
                  States Person" as defined in Section 7701 (a)(30) of the
                  Internal Revenue Code.

         (ii)     The following representation will apply to Party A:

                  For the purpose of Section 3(f) of this Agreement, Party A
                  represents that it is fully eligible for the benefits of the
                  "Business Profits" or "Industrial or Commercial Profits"
                  provision, as the case may be, the "Interest" provision or the
                  "Other Income" provision (if any) of the Specified Treaty with
                  respect to any payment described in such provisions and
                  received or to be received by it in connection with this
                  Agreement that it is not effectively connected with its
                  conduct of a trade or business in the Specified Jurisdiction
                  and no such payment is attributable to a trade or business
                  carried on by it through a permanent establishment in the
                  Specified Jurisdiction.

                  Party A further represents that each payment received or to be
                  received by Party A in connection with this Agreement that is
                  not eligible for the benefits of the Specified Treaty will be
                  effectively connected with its conduct of a trade or business
                  in the Specified Jurisdiction.

                  Specified Treaty means the Convention Between the United
                  States of America and the Government of the United Kingdom of
                  Great Britain and Northern Ireland for the Avoidance of Double
                  Taxation and the Prevention of Fiscal Evasion with Respect to
                  Taxes on Income and Capital Gain.

                  Specified Jurisdiction means the United States of America.

                                       3
<PAGE>   22
Part 3.  AGREEMENT TO DELIVER DOCUMENTS.

         For the purpose of Sections 3(d), 4(a)(i) and (ii) of this Agreement,
         each party agrees to deliver the following documents, as applicable:

         (a)      Tax forms, documents or certificates to be delivered are:

                                       4
<PAGE>   23
<TABLE>
<CAPTION>
PARTY REQUIRED TO                                                 DATE BY WHICH                            COVERED BY SECTION
DELIVER DOCUMENT        FORM/DOCUMENT/CERTIFICATE                 TO BE DELIVERED                          3(d) REPRESENTATION
----------------        -------------------------                 ---------------                          -------------------
<S>                     <C>                                       <C>                                      <C>
Party B                 Any form or document that may be          Promptly upon                            Yes
                        reasonably requested, and that            reasonable demand by
                        Party B is eligible to provide, in        the other party.
                        order to allow the requesting party
                        to make a payment without (or with
                        reduced) withholding Tax.

Party A                 An accurate and complete signed           Within 30 days of                        Yes
                        copy of each of Internal Revenue          the execution and
                        Service Form W-8 BEN Claiming             delivery of this
                        Treaty Benefits and all other             Agreement, but in no
                        related forms (including any              event later than the
                        certificate with respect thereto)         date of the first
                        as Party B may reasonably request,        payment made by
                        and two accurate and completed            Party B to Party A
                        signed copies of Internal Revenue         in connection with
                        Service Form W-8 ECI, and all other       the Agreement and
                        related forms (including any              additionally, prior
                        certificate with respect thereto)         to the date on which
                        as Party B may reasonably request.        the first payment is
                                                                  to be made by Party
                                                                  B, with respect to
                                                                  each succeeding
                                                                  calendar year; and
                                                                  within the earlier
                                                                  of (i) 30 days of
                                                                  a change in
                                                                  circumstances that
                                                                  renders the forms
                                                                  previously
                                                                  delivered to Party
                                                                  B inaccurate or
                                                                  incomplete in any
                                                                  material respect
                                                                  or (ii) the first
                                                                  Party B Floating
                                                                  Amount Payment
                                                                  Date which falls
                                                                  after a change in
                                                                  circumstances that
                                                                  renders the forms
                                                                  previously
                                                                  delivered to Party
                                                                  B inaccurate or
                                                                  incomplete in any
                                                                  material respect.
</TABLE>

                                       5
<PAGE>   24
         (b)      Other documents to be delivered are:

<TABLE>
<CAPTION>
PARTY REQUIRED TO                                             DATE BY WHICH TO BE                    COVERED BY
DELIVER DOCUMENT         FORM/DOCUMENT/CERTIFICATE            DELIVERED                              SECTION 3(d)
----------------         -------------------------            ---------                              ------------
<S>                      <C>                                  <C>                                    <C>
Party A                  Opinions of internal                 Upon execution of                      No
                         counsel for Party A                  this Agreement
                         substantially in the
                         form of Exhibit A and
                         B to this Schedule

Party A                  An Authority                         Upon execution of                      Yes
                         Signatory Booklet of                 this Agreement
                         Party A with respect
                         to the signatory of
                         this Agreement

Party B                  An opinion of counsel                Upon execution of                      No
                         for Party B                          this Agreement
                         substantially in the
                         form of Exhibit C to
                         this Schedule

Party B                  An Authority                         Upon execution of                      Yes
                         Signatory Booklet of                 this Agreement
                         Party B with respect
                         to the signatory of
                         this Agreement

Party B                  Documentary evidence                 Upon execution of                      Yes
                         of authority of                      this Agreement
                         Bankers Trust
                         Company, as Trustee,
                         to act on behalf of
                         Party B
</TABLE>

                                       6
<PAGE>   25
Part 4.  MISCELLANEOUS.

(a)      ADDRESSES FOR NOTICES.  For the purpose of Section 12(a):

         (1)      Address for notices or communications to Party A (other than
                  by facsimile):

         Address: Credit Suisse First Boston International
                  One Cabot Square
                  London E14 4QJ
                  England
                  Attention:     (1) Head of Credit Risk Management;
                                 (2) Managing Director - Operations Department;
                                 (3) Managing Director - Legal Department
                  Telex No.:  264521
                  Answerback:  CSFBI G

                  (For all purposes.)

         (2)      For the purpose of facsimile notices or communications
                  under this Agreement (other than a notice or communication
                  under Section 5 or 6):

                  Facsimile No.:   020 7888 2686
                  Attention:       Managing Director - Legal Department
                  Telephone number for oral confirmation of receipt of facsimile
                  in legible form:  020 7888 2028
                  Designated responsible employee for the purposes of Section
                  12(a)(iii): Senior Legal Secretary

         Address for notices or communications to Party B:

                           Bankers Trust Company
                           Corporate Trust and Agency Group
                           4 Albany Street, 10th Floor
                           New York,  New York  10015
                           Attention:  Structured Finance Team
                           Telephone No.:  (212) 250-2500
                           Facsimile No.:  (212) 250-6439

                                       7
<PAGE>   26
(b)      PROCESS AGENT.  For the purpose of Section 13(c):

         Party A appoints as its Process Agent:    Credit Suisse First Boston
                                                   Corporation,
                                                   Eleven Madison Avenue,
                                                   New York, NY 10010
                                                   (Attention:  General Counsel,
                                                   Legal and Compliance
                                                   Department).

         Party B appoints as its Process Agent:    Not applicable.

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

(d)      MULTIBRANCH PARTY.  For the purpose of Section 10(c) of this Agreement.

         Party A is not a Multibranch Party.

         Party B is not a Multibranch Party.

(e)      CALCULATION AGENT.  The Calculation Agent is the Trustee, unless
         otherwise specified in a Confirmation in relation to the relevant
         Transaction.

(f)      CREDIT SUPPORT DOCUMENT.  Details of any Credit Support Document:

         In the case of Party A: Not applicable.

         In the case of Party B: Not applicable.

(g)      CREDIT SUPPORT PROVIDER.

         In relation to Party A: Not applicable

         In relation to Party B: Not applicable

(h)      GOVERNING LAW. This Agreement will be governed by and construed in
         accordance with the laws of the State of New York (without reference to
         choice of law doctrine but without prejudice to the provisions of
         Section 5-1401 of the General Obligations Law of the State of New
         York).

(i)      NETTING OF PAYMENTS. Subparagraph (ii) of Section 2(c) of this
         Agreement will apply to any of the Transactions, except that it will
         not apply to payments by each Party to the other if Party B so notifies
         Party A ten (10) days in advance of the date such Payments are due.

(j)      "AFFILIATE" will have the meaning specified in Section 14 of this
         Agreement, except that with respect to Party B there shall be
         deemed to be no Affiliates.

                                       8
<PAGE>   27
Part 5.  OTHER PROVISIONS.

(a)      CONFIRMATION.  Each Confirmation supplements, forms part of, and will
         be read and construed as one with, this Agreement.  A form of
         Confirmation is set forth as Exhibit D hereto.

(b)      WAIVER OF TRIAL BY JURY. Each party waives, to the fullest extent
         permitted by applicable law, any right it may have to a trial by jury
         in respect of any suit, action or proceeding relating to this
         Agreement. Each party (i) certifies that no representative, agent or
         attorney of the other party has represented, expressly or otherwise,
         that such other party would not, in the event of such a suit, action or
         proceeding, seek to enforce the foregoing waiver and (ii) acknowledges
         that it and the other party have been induced to enter this Agreement
         by, among other things, the mutual waivers and certifications in this
         Section.

(c)      NON-PETITION. Party A hereby agrees that it will not bring any action
         (whether in bankruptcy or otherwise) against Party B in any court prior
         to the date which is one year and one day after all Investor
         Certificates (as such term is defined in the Pooling and Servicing
         Agreement), including all collateral interests and class C interests,
         of Party B have been paid in full.

(d)      ASSIGNMENT. In the event the long-term, senior unsecured debt rating of
         Party A as provided for by S&P or Moody's is reduced to below BBB- or
         Baa3, respectively, or such ratings are withdrawn by either S&P or
         Moody's, Party A shall assign and delegate its rights and obligations
         under this Agreement to a replacement counterparty, at Party A's own
         cost, at the written direction of Party B.

(e)      PROVISION FOR PAYMENTS FROM PARTY B. Notwithstanding anything contained
         in this Agreement to the contrary, any amount required to be paid by
         Party B pursuant to this Agreement will be payable only to the extent
         provided in subsections 4.5(a)(ii) and 4.15(e) of the Trust Agreement
         (as each such term is defined in the Confirmation). Except as expressly
         provided in Part 5 (j) below, the Trustee shall not incur any liability
         in connection with this Agreement, and Party A shall not bring any
         claim whatsoever against the Trustee in its individual capacity or
         against the assets of the Trustee (other than the assets of the Trust).

(f)      DEFINITION OF TRUSTEE.  For purposes of this Agreement the term
         "Trustee" shall mean Bankers Trust Company as trustee for Party B.

(g)      RELATIONSHIP BETWEEN PARTIES. Each party will be deemed to represent to
         the other party on the date on which it enters into this Agreement that
         (absent a written agreement between the parties that expressly imposes
         affirmative obligations to the contrary):

         (i) NON-RELIANCE. It is acting for its own account, and it has made its
         own independent decisions to enter into this Agreement and each
         Transaction and as to whether this

                                       9
<PAGE>   28
         Agreement and each Transaction is appropriate or proper for it based
         upon its own judgment and upon advice from such advisers as it has
         deemed necessary. It is not relying on any communication (written or
         oral) of the other party as investment advice or as a recommendation to
         enter into this Agreement or Transaction; it being understood that
         information and explanations related to the terms and conditions of
         this Agreement and each Transaction shall not be considered investment
         advice or a recommendation to enter into this Agreement or Transaction.
         No communication (written or oral) received from the other party shall
         be deemed to be an assurance or guarantee as to the expected results of
         this Agreement or Transaction.

         (ii) ASSESSMENT AND UNDERSTANDING. It is capable of assessing the
         merits of and understanding (on its own behalf or through independent
         professional advice), and understands and accepts, the terms,
         conditions and risks of this Agreement and each Transaction. It is also
         capable of assuming, and assumes, the risks of this Agreement and each
         Transaction.

         (iii)    STATUS OF PARTIES.  The other party is not acting as a
         fiduciary for or as adviser to it in respect of this Agreement or
         Transaction.

(h)      ADDITIONAL REPRESENTATIONS.  Each of Party A and Party B represents
         that it is an "eligible swap participant" as defined in Commodities
         Futures Trading Commission Rule 35.1(b)(2) (17 C.F.R. 35(b)(2)).

(i)      NEGATIVE INTEREST RATES.  Party A and Party B agree that:

         if, with respect to a Calculation Period for a Transaction, a party
         ("X") is obligated to pay a Floating Amount that is a negative number
         (either by reason of a negative Floating Rate or the subtraction of a
         Spread from the Floating Rate), the Floating Amount with respect to X
         for that Calculation Period will be deemed to be zero, and the other
         party ("Y") will pay to X the absolute value of the negative Floating
         Amount, in addition to any amounts otherwise owed by Y to X, on the
         Payment Date such Floating Amount would have been payable if it had
         been a positive number. Any amounts paid by Y to X pursuant to this
         provision will be paid to such account as X may designate (unless Y
         gives timely notice of a reasonable objection to such designation) in
         the currency in which that Floating Amount would have been paid if it
         had been a positive number (and without regard to the currency in which
         Y is otherwise obligated to make payments).

(j)      LIMITED RECOURSE.  It is expressly understood and agreed by the parties
         hereto that (i) this Agreement and each Transaction entered into
         pursuant to this Agreement is entered into by Bankers Trust Company,
         not individually or personally but solely as Trustee of the Fleet
         Credit Card Master Trust II (the "Trust") in the exercise of the powers
         and authority conferred and vested in it, (ii) the representations,
         undertakings and agreements herein made on the part of the Trust are
         made and intended not as personal representations, undertakings and
         agreements by the Trustee but are made and intended

                                       10
<PAGE>   29
         for the purpose of binding only the Trust, (iii) nothing herein
         contained shall be construed as creating any liability on the Trustee
         on the part of the Trust, individually or personally, to perform any
         covenant of Party B either expressed or implied contained herein, all
         such liability, if any, being expressly waived by the parties who are
         signatories to this Agreement and by any Persons claiming by, through
         or under such parties; provided, however, that the Trustee shall be
         liable in its individual capacity for its own willful misconduct or
         gross negligence and (iv) under no circumstances shall the Trustee be
         personally liable for the payment of any indebtedness or expenses of
         the Trust or be liable for the breach or failure of any obligation,
         representation, warranty or covenant made or undertaken by the Trust
         under this Agreement.

(k)      SCOPE OF AGREEMENT. Any Specified Transaction (whether now existing or
         hereafter entered into) between the parties, the confirmation of which
         fails by its terms expressly to exclude application of this Agreement,
         shall be governed by and be subject to this Agreement. Any such
         confirmation shall be a "Confirmation", and any such Specified
         Transaction shall be a "Transaction", for all purposes of this
         Agreement.

(l)      DEFINITIONS. Unless otherwise specified in a Confirmation, this
         Agreement and each Transaction between the parties are subject to the
         1991 ISDA Definitions as amended by the 1998 Supplement thereto as
         published by the International Swaps and Derivatives Association, Inc.
         (the "1991 Definitions"), and will be governed in all relevant respects
         by the provisions set forth in the 1991 Definitions, without regard to
         any amendment to the 1991 Definitions subsequent to the date hereof.
         The provisions of the 1991 Definitions are incorporated by reference in
         and shall be deemed a part of this Agreement, except that references in
         the 1991 Definitions to a "Swap Transaction" shall be deemed references
         to a "Transaction" for purposes of this Agreement.

(m)      CHANGE OF ACCOUNT.  Section 2(b) of this Agreement is hereby amended by
         the addition of the following after the word "delivery" in the first
         line thereof:

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

(n)      ADDITIONAL REPRESENTATIONS.  Section 3 of the Agreement is hereby
         amended with the addition of the following representation:

         "(g) Party B represents and warrants to Party A, that this Agreement
         and the Transaction dated August 25, 2000 is the Interest Rate Swap and
         that Party A is the Swap Counterparty as such terms are defined in the
         Trust Agreement."

                                       11
<PAGE>   30
         The parties executing this Schedule have executed the Master Agreement
and have agreed as to the contents of this Schedule.

                              CREDIT SUISSE FIRST BOSTON INTERNATIONAL

                              By:   /s/  Michael Pringle
                                 -----------------------
                              Name:  Michael Pringle
                              Title:    Attorney-In-Fact

                              By:   /s/  Edmond Curtin
                                 ---------------------
                              Name:  Edmond Curtin
                              Title: Director - Legal and Compliance Department

                              FLEET CREDIT CARD MASTER TRUST II
                              BANKERS TRUST COMPANY, solely in its
                              capacity as trustee and not in its
                              individual capacity

                              By:   /s/  Peter Becker
                                 --------------------
                              Name:  Peter Becker
                              Title:   Assistant Vice President

                                       12
<PAGE>   31
                              EXHIBIT A TO SCHEDULE

                [FORM OF OPINION OF FOREIGN COUNSEL FOR PARTY A]

                                                                  25 August 2000

To:      Bankers Trust Company,
         acting as trustee for
         The Fleet Credit Card Master Trust II
         4 Albany Street, 10th Floor
         New York, NY 10015

Dear Sirs,

This Opinion is furnished to you pursuant to Part 3 of the Schedule to the ISDA
Master Agreement, dated as of 25 August 2000 (the "Master Agreement") by and
between Credit Suisse First Boston International ("CSFBi") and Bankers Trust
Company, acting as trustee for The Fleet Credit Card Master Trust II (the
"Company") and a confirmation dated 25 August 2000 (the "Specified
Confirmation") between the Company and CSFBi, which supplements and forms part
of the Master Agreement (the Master Agreement and the Specified Confirmation
together the "Agreement"). I am delivering this Opinion, not in an individual
capacity, but solely as an employee of CSFBi working, at present, as internal
legal counsel in its Legal and Compliance Department.

In giving this Opinion I have examined executed copies of the Agreement and of
such documents, corporate records, certificates of public officials and other
instruments certified or otherwise identified to my satisfaction and I have
relied on information obtained from public records, officers of CSFBi and such
other sources as I have deemed necessary or appropriate for the purposes of this
Opinion.

In giving this Opinion, I have assumed:

(a)      that the Agreement is within the capacity and power of the Company;

(b)      that the Agreement will be duly authorised, executed and delivered by
         the Company;

(c)      the genuineness of all signatures (other than the signature of CSFBi
         under the Agreement), the authenticity of all agreements, certificates,
         instruments, and documents examined by me and the conformity to the
         originals of all agreements, certificates, instruments and documents
         submitted to me as originals;

(d)      that all documents examined by me remain complete and up to date;

(e)      that insofar as any obligation falls to be performed in any
         jurisdiction outside England, its performance will not be illegal or
         ineffective by virtue of the laws of that jurisdiction;
<PAGE>   32
(f)      that words and expressions used in the Agreement would have the sam
         meaning and effect therein as if the Agreement were governed by English
         law; and

(g)      that the Agreement is legal, valid and binding under the law that
         governs it.

Upon the basis of the foregoing and subject to the qualifications set out below,
I am of the opinion that at the date hereof so far as the present laws of
England are concerned:

1.       CSFBi is a company incorporated in England and Wales with unlimited
         liability.  It is currently a bank listed as an Authorised
         Institution under the Banking Act 1987;

2.       save for obtaining the necessary authorisations under the provisions of
         the Financial Services Act, which authorisations have been obtained by
         CSFBi, CSFBi is not required to obtain any authorisation, consent,
         approval, exemption or licence from any governmental authority of
         England as a condition to the execution and delivery of the Agreement;

3.       CSFBi has the requisite corporate power and authority to enter into the
         Agreement and to perform its obligations thereunder, and the Agreement
         has been duly authorised and duly executed and delivered by CSFBi and
         constitutes valid, binding and enforceable obligations of CSFBi; and

4.       the obligations of CSFBi under the Agreement rank at least pari passu
         in priority of payment with all other unsecured unsubordinated
         obligations of CSFBi, excepting only those obligations preferred by
         operation of law.

The Opinion set forth above is subject to the following qualifications:-

(i)      This Opinion is confined solely to the laws of England as in force at
         the date of this Opinion and I have made no investigation and no
         opinion is expressed or implied as to the laws of any other
         jurisdiction. I have assumed that no foreign law qualifies or affects
         my Opinion as set out above. This Opinion shall, itself, be construed
         and interpreted in accordance with the laws of England and Wales.

(ii)     As used in this Opinion, the term "enforceable" means that each
         obligation or document is of a type and form enforced by the English
         courts. The term does not address the extent to which a judgment
         obtained in a court outside England will be enforceable in England.
         Certain rights and obligations may be qualified by the nature of the
         remedies available in the English courts, the acceptance by such courts
         of jurisdiction, the power of such courts to stay proceedings, the
         provisions of the Limitation Act 1980, doctrines of good faith and fair
         conduct and laws based on those doctrines and other principles of law
         and equity of general application.

(iii)    This Opinion is subject to all insolvency and other laws affecting the
         rights of creditors generally.

                                       2
<PAGE>   33
(iv)     Section 2(e) of the Master Agreement provides for interest to be paid
         on overdue amounts.  Such interest may amount to a penalty under
         English law and may therefore not be recoverable.  Under English law a
         contractual provision conferring or imposing a remedy or an obligation
         consequent upon default, particularly if it involves enforcing an
         additional pecuniary remedy (such as default or overdue interest)
         referrable to such default, might be held by an English court to be
         irrecoverable on the grounds that it is a penalty and thus void.  The
         provision for liquidated damages will only be enforceable if the
         calculation is a genuine pre-estimate of the loss which will be
         suffered as a result of the relevant default, though the fact that any
         such provision was held to be void would not of itself prejudice the
         legality or validity of any other provision of the Agreement and if in
         the opinion of the court a provision for liquidated damages does not
         represent a genuine pre-estimate of loss and is therefore an
         unenforceable penalty, the court will apply the normal rules in
         relation to the calculation of damages.

(v)      I express no opinion as to the availability of any specific remedy
         other than monetary damages for the enforcement of any obligation of
         CSFBi and this Opinion should not be taken to imply that an English
         court will necessarily grant any remedy, the availability of which is
         subject to equitable considerations or which is otherwise in the
         discretion of the court and, in particular, orders for specific
         performance and injunctions, which are discretionary remedies under
         English law, will not be available where damages are considered by the
         court to be an adequate alternative remedy.

(vi)     An English court may stay proceedings brought in an English court if
         concurrent proceedings are being brought elsewhere.

(vii)    Any term of the Agreement may be amended orally by the parties despite
         Section 9(b) of the Master Agreement.

(viii)   The provisions of Section 11 of the Master Agreement which include an
         indemnity for the costs of litigation are subject to the discretion of
         the court to decide whether and to what extent a party to litigation
         should be awarded the costs incurred by it in connection with the
         litigation.

(ix)     Whilst in the event of any proceedings being brought in an English
         court in respect of a monetary obligation expressed to be payable in a
         currency other than pounds sterling of the United Kingdom, the court
         would have power to give judgment expressed as an order to pay such
         currency, it may decline to do so in its discretion, and an English
         court might not enforce the benefit of currency conversion clauses and
         may require that all claims or debts be converted into pounds sterling
         at an exchange rate determined by the court as at date relating to such
         proceeding, such as the date of commencement of winding-up.

This Opinion is given to you, the Company, solely for your benefit and may not
be relied upon by any other person for any purposes other than the entry into
and performance of the Agreement. You are requested not to give copies to others
without my prior written permission

                                       3
<PAGE>   34
except that copies may be released to your legal advisers and auditors for the
purposes of information only on the strict understanding that I assume no
responsibility whatsoever to them as a result or otherwise. In addition, a copy
of this Opinion may be given to Moody's Investors Service Inc., Fitch, Inc. and
Standard & Poor's Ratings Services for the purposes of information only, since I
understand that they wish to know that an opinion has been given and to be made
aware of its terms. However, I accept no responsibility to these rating agencies
in respect of the contents of this Opinion.

Yours faithfully

CREDIT SUISSE FIRST BOSTON INTERNATIONAL

EDMOND CURTIN, solicitor
DIRECTOR - LEGAL & COMPLIANCE DEPARTMENT

                                       4
<PAGE>   35
                              EXHIBIT B TO SCHEDULE

                  [FORM OF OPINION OF U.S. COUNSEL FOR PARTY B]

                                 August 25, 2000

Bankers Trust Company,
acting as trustee for
The Fleet Credit Card Master Trust II
4 Albany Street, 10th Floor
New York, NY 10015

Dear Sirs:

         I am a Vice President of Credit Suisse First Boston Corporation, an
affiliate of Credit Suisse First Boston International ("CSFBi"). At your
request, I am delivering this opinion as counsel to CSFBi in connection with the
Agreement (as defined below). Unless otherwise defined, capitalized terms used
herein shall have the meanings assigned to such terms in the Agreement. For
purposes of delivering the opinions set forth below, I have reviewed copies of
the following documents:

(i)      ISDA Master Agreement dated as of August 25, 2000 (the "Master
         Agreement") between CSFBi and Bankers Trust Company, acting as trustee
         for The Fleet Credit Card Master Trust II (the "Counterparty"); and

(ii)     the Confirmation dated the date hereof (the "Confirmation") between
         CSFBi and the Counterparty constituting a part of the Master Agreement
         (which together with the Master Agreement is hereinafter referred to
         collectively as the "Agreement").

         I have also examined originals, or copies certified or otherwise
identified to my satisfaction, of such records of CSFBi, certificates of public
officials, and such other documents as I have deemed necessary for purposes of
this opinion.

         For purposes of delivering the opinions set forth below, I have assumed
the genuineness of all signatures, the authenticity of all documents (including
the Agreement) submitted to me as originals, the conformity to authentic
original documents of documents submitted to me as certified, conformed or
photostatted copies and the authority of the person signing and delivering all
such documents. I have also assumed that the Counterparty is entering into the
Agreement in order to manage economic risks arising by reason of fluctuations in
market rates or prices and that the Agreement has been duly authorized, executed
and delivered by CSFBi and is the legal, valid and binding obligation of CSFBi
under English law. As to certain matters of fact, I have relied without
additional investigation upon the documents examined or upon certificates and
statements of officers of CSFBi. I have also assumed that only an interest rate
swap transaction will be entered into under the Agreement.

         Based on the foregoing, and such other considerations of fact and law
as I have deemed appropriate, I am of the opinion that:
<PAGE>   36
1. The execution, delivery and performance of the Agreement by CSFBi do not
contravene any provision of law and no authorizations of, exemptions by, or
filings with, any governmental or other authority are required to be obtained or
made by CSFBi in connection therewith.

2. Assuming that the Agreement has been duly authorized, executed and delivered
by the Counterparty and is a legal, valid and binding obligation of the
Counterparty, the Agreement will be a legal, valid and binding agreement of
CSFBi, enforceable against it in accordance with its terms, subject to
bankruptcy, insolvency, and other laws of general applicability relating to or
affecting the enforcement of creditors' rights, and to general principles of
equity, including without limitation those respecting the availability of
specific performance, the enforcement of liquidated damages provisions and the
ability to terminate an agreement or invoke a condition upon the occurrence of a
default deemed immaterial (regardless of whether enforcement is sought in a
proceeding in equity or at law).

         I do not express any opinion as to: (i) whether a money judgment
granted by a court of the United States of America or of the State of New York
would be rendered in a currency other than U.S. Dollars; and (ii) the
enforceability of the provisions of Section 7 of the Master Agreement to the
extent that a Transaction may be deemed a "general intangible" under the New
York Uniform Commercial Code.

         The opinions given above are limited to matters concerning the federal
laws of the United States of America and the laws of the State of New York as
they exist as of the date hereof and no opinion is expressed as to the laws of
any other jurisdiction. I express no opinion as to the antitrust, banking,
commodities, environmental, securities, insurance (including financial guaranty
insurance) or tax laws of any state or the United States of America. I expressly
disclaim any duty to update the opinions contained herein.

         The undersigned is duly admitted to practice law in the State of New
York and has issued this opinion as an employee of Credit Suisse First Boston
Corporation acting as its internal company counsel and as counsel to CSFBi, and
not in any other capacity. This opinion is solely for your benefit and may not
be relied upon by any other person without my prior written consent, other than
Moody's Investors Service, Inc., Fitch IBCA, Inc, and Standard & Poor's Ratings
Services.

                                Very truly yours,

                                CREDIT SUISSE FIRST BOSTON CORPORATION

                                Marie-Anne Clarke
                                Vice President - Legal & Compliance Department

                                       2
<PAGE>   37
                              EXHIBIT C TO SCHEDULE

                    [FORM OF OPINIONS OF COUNSEL FOR TRUSTEE]

                                 August 25, 2000

<TABLE>
<S>                                                          <C>
Moody's Investors Service, Inc.                              Credit Suisse First Boston Corporation
99 Church Street                                                 as Representative of the Underwriters
New York, NY  10007                                          Eleven Madison Avenue
                                                             New York, NY  10010-3629

Fitch IBCA, Inc.                                             Merrill Lynch Pierce, Fenner & Smith
One State Street Plaza                                                       Incorporated,
New York, NY  10004                                              as the Initial Purchaser
                                                             World Financial Center, North Tower
                                                             New York, NY  10281-1310

Fleet Bank (RI), National Association                        Bankers Trust Company
101 Gibraltar Road                                           Corporate Trust and Agency Group
Horsham, PA  19044-2303                                      Four Albany Street
                                                             New York, NY 10006

Credit Suisse First Boston International                     Standard & Poor's Rating Services
One Cabot Square                                             55 Water Street
London E14H4QJ                                               New York, NY  10041
United Kingdom
</TABLE>

Re:      Fleet Credit Card Master Trust II Series 2000-C Class A 7.02% Asset
         Backed Certificates and Class B Floating Rate Asset Backed Certificates
         and Fleet Secured Note Trust 2000-C Floating Rate Secured Notes

Ladies and Gentlemen:

         We have acted as counsel for Bankers Trust Company, in its capacities
as Master Trust Trustee and as Indenture Trustee (the "Trustee") in connection
with (i) the Amended and Restated Pooling and Servicing Agreement dated as of
December 1, 1993, as amended and restated on May 23, 1994, as subsequently
amended and supplemented from time to time, and as assigned by Advanta National
Bank ("Advanta") to Fleet Bank (RI), National Association ("Fleet (RI)")
pursuant to an Assignment and Assumption Agreement, dated as of February 20,
1998, among Advanta, Fleet (RI), Fleet Credit Card LLC, and the Trustee (the
"Amended and Restated
<PAGE>   38
Credit Suisse First Boston International
August 25, 2000
Page 2

Pooling and Servicing Agreement") by and between Fleet (RI), as Seller and
Servicer, and the Trustee, (ii) the Series 2000-C Supplement to the Amended and
Restated Pooling and Servicing Agreement dated as of August 25, 2000 (the
"Supplement" and together with the Amended and Restated Pooling and Servicing
Agreement, the "Agreement") by and between Fleet (RI) and the Trustee, in its
capacity as Master Trust Trustee, with respect to the issuance of the Fleet
Credit Card Master Trust II (the "Trust"), Series 2000-C Class A 7.02% Asset
Backed Certificates and Class B Floating Rate Asset Backed Certificates, (the
"Certificates"), (iii) the Indenture dated as of August 25, 2000 by and between
Fleet Secured Note Trust 2000-C, as Issuer, and the Trustee, in its capacity as
Indenture Trustee, (the "Indenture") with respect to the issuance of the Fleet
Secured Note Trust 2000-C Floating Rate Secured Notes (the "Notes") and (iv) the
Interest Rate Swap Agreement dated as of August 25, 2000 (the "Swap Agreement")
between Credit Suisse First Boston International and the Trustee on behalf of
the Trust.

         In this connection, we have examined such certificates of public
officials, such certificates of officers of the Trustee, and copies certified to
our satisfaction of such corporate documents and records of the Trustee, and of
such other papers, as we have deemed relevant and necessary for our opinion
hereinafter set forth. We have relied upon such certificates of public officials
and of officers of the Trustee with respect to the accuracy of material factual
matters contained therein which were not independently established. In rendering
the opinion expressed below, we have assumed the genuineness of all signatures,
the authenticity of all documents submitted to us as originals and the
conformity to authentic original documents of all documents submitted to us as
certified, conformed or photostatic copies.

         Based upon the foregoing, it is our opinion that:

         1. The Trustee has been duly incorporated and is validly existing as a
New York banking corporation under the laws of the State of New York and has the
power and authority to enter into, and to take all action required of it under,
the Agreement, the Indenture and the Swap Agreement.

         2. The Transfer and Administration Agreement has been acknowledged by
the Trustee and the Agreement, the Indenture and the Swap Agreement have been
duly authorized, executed and delivered by the Trustee.

         3. The Agreement and the Indenture constitute the legal, valid and
binding obligations of the Trustee, enforceable against the Trustee in
accordance with their respective terms, except as the enforceability thereof may
be limited by (i) bankruptcy, insolvency, reorganization, or other similar laws
affecting the enforcement of creditors' rights generally, as such laws would
apply in the event of a bankruptcy, insolvency or reorganization or similar
<PAGE>   39
Credit Suisse First Boston International
August 25, 2000
Page 3

occurrence affecting the Trustee, and (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law).

         4. The Certificates and the Notes have been duly authenticated and
delivered by the Trustee.

         5. The acknowledgment of the Transfer and Administration Agreement, the
execution and delivery of the Agreement, the Indenture and the Swap Agreement
and the performance by the Trustee of their respective terms do not conflict
with or result in a violation of (A) any law or regulation of the United States
of America or the State of New York governing the banking or trust powers of the
Trustee, or (B) the charter or bylaws of the Trustee.

         6. No approval, authorization or other action by, or filing with, any
governmental authority of the United States of America or the State of New York
having jurisdiction over the banking or trust powers of the Trustee is required
in connection with the execution and delivery by the Trustee of the Agreement,
the Indenture and the Swap Agreement and the acknowledgment of the Transfer and
Administration Agreement or the performance by the Trustee of the terms of the
Agreement, the Indenture or the Swap Agreement.

         We express no opinion as to matters governed by any law other than the
law of the State of New York and the Federal law of the United States.

                                   Very truly yours,
<PAGE>   40
               [Letterhead of Orrick, Herrington & Sutcliffe LLP]

                                 August 25, 2000

Credit Suisse First Boston International
One Cabot Square
London E 14  4QJ
United Kingdom

           Re: Fleet Credit Card Master Trust II (the "Trust"), Series 2000-C

Ladies and Gentlemen:

                  We have acted as special counsel for Fleet Bank (RI), National
Association, a national banking association ("Fleet (RI)"), in connection with
the Amended and Restated Pooling and Servicing Agreement, dated as of December
1, 1993, as amended and restated on May 23, 1994 and as thereafter amended and
supplemented (the "Pooling and Servicing Agreement"), between Fleet (RI), as
Seller and Servicer, and the Bankers Trust Company, as Trustee (the "Trustee")
for the Fleet Credit Card Master Trust II (the "Trust"), and the Series 2000-C
Supplement dated as of August 25, 2000 (the "Series 2000-C Supplement" and
together with the Pooling and Servicing Agreement, the "Agreement"), between
Fleet (RI), as Seller and Servicer, and the Trustee.

                  Fleet (RI), as Seller and Servicer under the Agreement, has
requested that we deliver this letter to you.

                  Fleet (RI) proposes to cause the Trust on this date to sell
$529,750,000 aggregate principal amount of Class A 7.02% Asset Backed
Certificates, Series 2000-C (the "Class A Certificates") and, in connection
therewith, the Seller and Servicer have directed the Trustee, on behalf of the
Trust, to execute and deliver to Credit Suisse First Boston International, as
swap counterparty (the "Swap Counterparty") the ISDA Master Agreement dated as
of August 25, 2000 (the "Master Agreement") between the Swap Counterparty and
Bankers Trust Company, acting as trustee for the Trust, the Schedule to the
Master Agreement dated as of August 25, 2000 (the "Schedule") and the
confirmation thereto also dated August 25, 2000 (the "Confirmation"). The Master
Agreement, the Schedule and the Confirmation are, in this letter, collectively,
the "Swap Agreement."
<PAGE>   41
Credit Suisse First Boston International
August 25, 2000
Page 2

                  For purposes of giving the opinion hereinafter set forth, we
have examined executed or conformed counterparts, or copies otherwise proved to
our satisfaction of the following, copies of which have been delivered to you:

                           (i) the Pooling and Servicing Agreement;

                           (ii) the Series 2000-C Supplement;

                           (iii) the Swap Agreement; and

                           (iv) such other documents as we have deemed necessary
         or appropriate as a basis for the opinion set forth below.

                  We have obtained or have been furnished with, and have relied
upon, such certificates, advices and assurances from public officials and others
as we have deemed necessary or appropriate for purposes of this opinion.

                  Based upon the foregoing, having regard to legal
considerations which we deem relevant, and subject to the limitations set forth
below, we are of the opinion that the Swap Agreement constitutes the legal,
valid and binding obligation of the Trustee under the laws of the State of New
York and the Swap Agreement is enforceable against the Trustee in accordance
with its terms.

                  With your permission, we have assumed the following: (i) the
due authorization, execution and delivery by all parties thereto of all
documents examined by us, including the Pooling and Servicing Agreement, the
Series 2000-C Supplement and the Swap Agreement, (ii) that the Trustee and the
Swap Counterparty each has the power and authority to enter into and perform all
of its respective obligations under the Swap Agreement, (iii) that, as to the
Swap Counterparty, the Swap Agreement is a legal, valid and binding obligation,
enforceable in accordance with its terms under the laws of the State of New York
and (iv) that the Trustee is duly incorporated and validly existing as a New
York banking corporation.

                  With your permission, we have assumed the following: (a) the
authenticity of original documents and the genuineness of all signatures; (b)
the conformity to the originals of all documents submitted to us as copies; and
(c) the truth, accuracy and completeness of the information, factual matters,
representations and warranties contained in the records, documents, instruments
and certificates we have reviewed. We have further assumed that each of the
parties to each of the documents described above fully complies with all of its
obligations thereunder and that there are no arrangements, understandings or
agreements among the parties relating to the Swap Agreement other than those
evidenced by the documents described herein.
<PAGE>   42
Credit Suisse First Boston International
August 25, 2000
Page 3

                  Our opinion that any document is legal, valid, binding or
enforceable in accordance with its terms is subject to: (1) limitations imposed
by bankruptcy, insolvency, reorganization, receivership, conservatorship,
liquidation, arrangement, fraudulent conveyance, moratorium or other laws
relating to or affecting the enforcement of creditors' rights generally and the
rights and remedies of creditors of national banking associations; (2) general
principles of equity, regardless of whether such enforceability is considered in
a proceeding in equity or at law; and (3) rights to indemnification and
contribution which may be limited by applicable law or equitable principles or
otherwise unenforceable as against public policy.

                  We express no opinion as to the law of any jurisdiction other
than the laws of the State of New York and the United States of America.

                  This opinion is solely for your benefit and may not be relied
upon or used by, circulated, quoted, or referred to, not may copies hereof be
delivered to, any other person without our prior written approval. We disclaim
any obligation to update this opinion letter for events occurring or coming to
our attention after the date hereof.

                                      Very truly yours,

                                      ORRICK, HERRINGTON & SUTCLIFFE LLP
<PAGE>   43
                              EXHIBIT D TO SCHEDULE

Date:             August 25, 2000

To:               Bankers Trust Company, as
                  Trustee, on behalf of
                  Fleet Credit Card Master Trust II

                  Telephone: (212) 250-6323
                  Telecopier: (212) 250-6439

From:             CREDIT SUISSE FIRST BOSTON INTERNATIONAL
                  One Cabot Square
                  London E 14 4QJ
                  United Kingdom

Subject:          Transaction

                  The purpose of this communication is to set forth the terms
and conditions of the swap transaction entered into on the Trade Date referred
to below (the "Transaction"), between BANKERS TRUST COMPANY (the "Trustee"), as
trustee on behalf of the FLEET CREDIT CARD MASTER TRUST II ("Party B"), but only
as relates to the Series 2000-C Class A 7.02% Certificates (the "Trust") and
CREDIT SUISSE FIRST BOSTON INTERNATIONAL ("Party A"). This communication
constitutes a "Confirmation" as referred to in the Swap Agreement specified
below.

                  This Confirmation supplements, forms part of, and is subject
to, the Master Agreement dated as of August 25, 2000 between Party A and Party B
(the "Master Agreement"). All provisions contained in, or incorporated by
reference to, such Master Agreement shall govern this Confirmation except as
expressly modified below.

                  This Confirmation and the Schedule to the Master Agreement
(the "Schedule") each incorporate the definitions and provisions contained in
(i) the 1991 ISDA Definitions (as supplemented by the 1998 Supplement) (as
published by the International Swaps and Derivatives Association, Inc.) (the
"Definitions"), without regard to any amendment to the Definitions subsequent to
the date hereof, and (ii) the Series 2000-C Supplement dated as of August 25,
2000 (the "Supplement") to the Amended and Restated Pooling and Servicing
Agreement dated as of December 1, 1993 as amended and restated on May 23, 1994
between Fleet Bank (RI), National Association, as Seller and Servicer, and
Bankers Trust Company, as Trustee (as amended, the "Pooling and Servicing
Agreement", together with the Supplement, the "Trust Agreement"), and relating
to the Trust, Series 2000-C ("Series 2000-C") and, in particular, for the
purposes hereof, the Class A 7.02% Asset Backed Certificates, Series 2000-C (the
"Class A Certificates"). In the event of any inconsistency between the
definitions in the Supplement and any of the Definitions, the Schedule or this
Confirmation, the definitions in the Supplement will govern; in the event of any
inconsistency between this Confirmation and either the Schedule or the
Definitions, this
<PAGE>   44
Confirmation will govern; and in the event of any inconsistency between the
Schedule and the Definitions, the Schedule will govern.

                  The terms of this particular Transaction to which this
Confirmation relates are as follows:

<TABLE>
<S>                                            <C>
         Trade Date:                           August 17, 2000

         Effective Date:                       The Closing Date for Series 2000-C

         Termination Date:                     The Class A Expected Final
                                               Distribution Date; provided,
                                               however, that in the event that
                                               the Rapid Amortization Period
                                               commences as a result of a Trust
                                               Pay Out Event, the Termination
                                               Date will be the earlier of (i)
                                               the date on which the Notional
                                               Amount is zero and (ii) the Class
                                               A Expected Final Distribution
                                               Date.

FIXED AMOUNTS:

         Fixed Rate Payer:                     Party A.

         Fixed Rate:                           7.02%

         Fixed Amount for Initial Fixed Rate
         Payer Payment Date:                   $5,165,062.50

         Fixed Amount:                         For each Fixed Rate Payer Payment
                                               Date other than the initial Fixed
                                               Rate Payer Payment Date, an
                                               amount calculated on a formula
                                               basis for that Fixed Rate Payer
                                               Payment Date as follows:

                                                         Fixed Rate
                                               Fixed  =  Notional    x  Fixed
                                               Amount    Amount         Rate
                                                         --------------------
                                                                  12

         Fixed Rate Notional Amount:           For the initial Fixed Rate Payer
                                               Payment Date, $529,750,000 (the
                                               initial outstanding principal
                                               balance of the Class A
                                               Certificates), and for each Fixed
                                               Rate Payer Payment Date
                                               thereafter the outstanding
                                               principal balance of Class A
                                               Certificates as of the Record
                                               Date immediately preceding such
                                               Fixed Rate Payer Payment Date

         Fixed Rate Payer Payment Dates:       Each Transfer Date.

         Fixed Rate Day Count Fraction:        30/360.
</TABLE>
<PAGE>   45
<TABLE>
<S>                                            <C>
FLOATING AMOUNTS:

         Floating Rate Payer:                  Party B.

         Calculation Periods:                  For the initial Floating Rate
                                               Payer Payment Date, the period
                                               from and including the Effective
                                               Date through the day preceding
                                               the first Distribution Date; and
                                               for each Floating Rate Payer
                                               Payment Date thereafter, each
                                               Calculation Period will be the
                                               period from and including the
                                               previous Distribution Date
                                               through the day preceding the
                                               current Distribution Date.

         Floating Rate Payer Payment Dates:    Each Transfer Date.

         Floating Rate Option:                 USD-LIBOR-BBA; provided, however,
                                               that the last sentence of the
                                               definition of
                                               "USD-LIBOR-Reference Banks" is
                                               hereby amended to replace the
                                               penultimate use of "that Reset
                                               Date" with "the day that is two
                                               London Banking Days preceding
                                               that Reset Date."

         Reset Dates:                          Means, with respect to each
                                               Floating Rate Payer Payment Date
                                               after the initial Floating Rate
                                               Payer Payment Date, the first day
                                               of the related Calculation Period
                                               for such Floating Rate Payer
                                               Payment Date.

         Designated Maturity:                  One month.

         Floating Rate Spread:

         Floating Amount for Initial
         Floating Rate Payer Payment Date:

         Floating Rate Notional Amount:        For the initial Floating Rate
                                               Payer Payment Date, $529,750,000
                                               (the initial outstanding
                                               principal balance of the Class A
                                               Certificates), and for each
                                               Floating Rate Payer Payment Date
                                               thereafter the outstanding
                                               principal balance of the Class A
                                               Certificates as of the Record
                                               Date immediately preceding such
                                               Floating Rate Payer Payment Date.

         Floating Rate Day Count Fraction:     Actual/360.

         Compounding:                          Not Applicable.

         Calculation Agent:                    Trustee.
</TABLE>
<PAGE>   46
<TABLE>
<S>                                            <C>
         Business Days:                        New York.

         Credit Support Document:              Not Applicable.

         Other Provisions:                     The Servicer shall establish and
                                               maintain in the name of the
                                               Trustee for the benefit of the
                                               Class A Certificateholders, the
                                               interest reserve account (the
                                               "Interest Reserve Account"). If
                                               at any time during the Term of
                                               the Transaction, (i) the
                                               short-term debt rating of Party A
                                               is reduced below A-1 or is
                                               withdrawn by S&P, (ii) the
                                               short-term debt rating of Party A
                                               is reduced below F1+ or is
                                               withdrawn by Fitch, (iii) the
                                               long-term, senior unsecured debt
                                               rating of Party A is reduced
                                               below A- by S&P or is withdrawn
                                               by S&P or (iv) the long-term,
                                               senior unsecured debt rating of
                                               Party A is reduced below AA- by
                                               Fitch or is withdrawn by Fitch,
                                               then Party A will, within 30 days
                                               from the date of such reduction
                                               or withdrawal, fund the Interest
                                               Reserve Account in an amount
                                               equal to one-twelfth of the
                                               product of (a) the Fixed Rate and
                                               (b) the Fixed Rate Notional
                                               Amount as of the Record Date
                                               preceding such reduction or
                                               withdrawal (the "Required
                                               Interest Reserve Amount");
                                               provided, however, that the
                                               failure of Party A to adequately
                                               fund the Interest Reserve Account
                                               within thirty days of such
                                               reduction or withdrawal shall not
                                               constitute an Event of Default
                                               pursuant to the provisions of
                                               subsection 5(a) or a Termination
                                               Event pursuant to the provisions
                                               of subsection 5(b). Party A shall
                                               treat the amount on deposit in
                                               the Interest Reserve Account as
                                               its money for tax purposes. After
                                               establishment of the Interest
                                               Reserve Account, in the event
                                               there shall occur an Early
                                               Termination Date as a result of
                                               an Event of Default with respect
                                               to Party A as the Defaulting
                                               Party or a Termination Event with
                                               respect to Party A as the
                                               Affected Party, the funds then
                                               contained in the Interest Reserve
                                               Account will be deposited into
                                               the Collection Account to the
                                               extent provided in the
                                               Supplement. Funds on deposit in
                                               the Interest Reserve Account
                                               shall be invested at the
                                               direction of Party A by the
                                               trustee in Eligible Investments.
                                               All interest and
</TABLE>
<PAGE>   47
<TABLE>
<S>                                            <C>
                                               earnings (net of losses and
                                               investment expenses) on the
                                               Interest Reserve Account shall be
                                               retained in the Interest Reserve
                                               Account (to the extent that the
                                               amount on deposit in the Interest
                                               Reserve Account is less than the
                                               Required Interest Reserve Amount)
                                               and the balance, if any, shall be
                                               distributed to Party A. Upon
                                               termination of the Interest
                                               Reserve Account as provided in
                                               the Supplement after payment of
                                               all amounts owing to the Series
                                               2000-C Certificateholders that
                                               are payable from such account,
                                               the Trustee will release all
                                               amounts on deposit therein to
                                               Party A if on any Transfer Date
                                               subsequent to the increase of
                                               Party A's credit rating or
                                               ratings to the level that each of
                                               the following is true: Party A's
                                               short-term debt rating by S & P
                                               is not less than A-1 and by Fitch
                                               is not less the F1+ and Party A's
                                               long-term, senior unsecured debt
                                               rating is not less than A- by S &
                                               P, and is not less than AA- by
                                               Fitch, then, the Trustee at the
                                               direction of the Servicer, after
                                               the prior payment of all amounts
                                               owing to the Series 2000-C
                                               Certificateholders that are
                                               payable from the Interest Reserve
                                               Account, shall withdraw from the
                                               Interest Reserve Account and pay
                                               to Party A, the amount, if any,
                                               on deposit in the Interest
                                               Reserve Account.

                                               If Party B at the direction of
                                               the Servicer notifies Party A
                                               that netting of payments will not
                                               apply to any of the Transactions
                                               pursuant to Part 4(i) of the
                                               Schedule, each payment obligation
                                               of Party B under Section 2(a)(i)
                                               of the Master Agreement in
                                               respect of this Transaction shall
                                               be subject to the condition
                                               precedent that in respect of each
                                               such payment obligation each
                                               amount payable by Party A with
                                               respect to this Transaction shall
                                               be paid by Party A by 10:00 a.m.,
                                               New York City time, on the
                                               relevant Fixed Rate Payer Payment
                                               Date.

         London Banking Day:                   London, England.

         Governing Law:                        New York.

         Offices:                              Party A is not a Multibranch Party.
</TABLE>
<PAGE>   48
<TABLE>
<S>                                            <C>
                                               Party B is not a Multibranch Party.

         Payment Instructions
         for Party A in USD:

         Payment Instructions
         for the Trust in USD:
</TABLE>

         RELATIONSHIP BETWEEN THE PARTIES

         Credit Suisse First Boston International is regulated by the Securities
         and Futures Authority and has entered into this transaction as
         principal. The time at which the above Transaction was executed will be
         notified to Party B on request.
<PAGE>   49
Please confirm that the foregoing correctly sets forth the terms of our
agreement with respect to the Transaction by signing in the space provided below
and sending a copy of the executed Confirmation to us.

It has been a pleasure working with you on this transaction and we look forward
to working with you again in the future.

                                 Very truly yours,

                                 CREDIT SUISSE FIRST BOSTON
                                     INTERNATIONAL

                                 By its Agent: CSFB International Trading L.L.C.

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

Agreed and Accepted by:

FLEET CREDIT CARD MASTER TRUST II,
BANKERS TRUST COMPANY, solely
in its capacity as trustee and not
in its individual capacity

By:
   -----------------------------------
Name:
Title:
<PAGE>   50
[CREDIT SUISSE LOGO]          CREDIT SUISSE FIRST BOSTON INTERNATIONAL

                              One Cabot Square,     Telephone 0207 888 2000
                              London E14 4QJ        Facsimile 0207 888 4125/3862

Date:             August 25, 2000

To:               Bankers Trust Company, as
                  Trustee, on behalf of
                  Fleet Credit Card Master Trust II

                  Telephone:  (212) 250-6323
                  Telecopier:  (212) 250-6439

From:             CREDIT SUISSE FIRST BOSTON INTERNATIONAL
                  One Cabot Square
                  London E 14 4QJ
                  United Kingdom

Subject:          Transaction

                  The purpose of this communication is to set forth the terms
and conditions of the Transaction entered into on the Trade Date referred to
below (the "Transaction"), between BANKERS TRUST COMPANY (the "Trustee"), as
trustee on behalf of the FLEET CREDIT CARD MASTER TRUST II ("Party B"), but only
as relates to the Series 2000-C Class A 7.02% Certificates (the "Trust") and
CREDIT SUISSE FIRST BOSTON INTERNATIONAL ("Party A"). This communication
constitutes a "Confirmation" as referred to in the Swap Agreement specified
below.

                  This Confirmation supplements, forms part of, and is subject
to, the Master Agreement dated as of August 25, 2000 between Party A and Party B
(the "Master Agreement"). All provisions contained in, or incorporated by
reference to, such Master Agreement shall govern this Confirmation except as
expressly modified below.

                  This Confirmation and the Schedule to the Master Agreement
(the "Schedule") each incorporate the definitions and provisions contained in
(i) the 1991 ISDA Definitions (as supplemented by the 1998 Supplement) (as
published by the International Swaps and Derivatives Association, Inc.) (the
"Definitions"), without regard to any amendment to the Definitions subsequent to
the date hereof, and (ii) the Series 2000-C Supplement dated as of August 25,
2000 (the "Supplement") to the Amended and Restated Pooling and Servicing
Agreement dated as of December 1, 1993 as amended and restated on May 23, 1994
between Fleet Bank (RI), National Association, as Seller and Servicer, and
Bankers Trust Company, as Trustee (as amended, the "Pooling and Servicing
Agreement", together with the Supplement, the "Trust Agreement"), and relating
to the Trust, Series 2000-C ("Series 2000-C") and, in particular, for the
purposes hereof, the Class A 7.02% Asset Backed Certificates, Series 2000-C (the
"Class A Certificates"). In the
<PAGE>   51
[CREDIT SUISSE LOGO]

event of any inconsistency between the definitions in the Supplement and any of
the Definitions, the Schedule or this Confirmation, the definitions in the
Supplement will govern; in the event of any inconsistency between this
Confirmation and either the Schedule or the Definitions, this Confirmation will
govern; and in the event of any inconsistency between the Schedule and the
Definitions, the Schedule will govern.

The terms of this particular Transaction to which this Confirmation relates are
as follows:

<TABLE>
<S>                                            <C>
         Trade Date:                           August 17, 2000

         Effective Date:                       The Closing Date for Series 2000-C

         Termination Date:                     The Class A Expected Final
                                               Distribution Date; provided,
                                               however, that in the event that
                                               the Rapid Amortization Period
                                               commences as a result of a Trust
                                               Pay Out Event, the Termination
                                               Date will be the earlier of (i)
                                               the date on which the Notional
                                               Amount is zero and (ii) the Class
                                               A Expected Final Distribution
                                               Date.

FIXED AMOUNTS:

         Fixed Rate Payer:                     Party A.

         Fixed Rate:                           7.02%

         Fixed Amount for Initial Fixed Rate
         Payer Payment Date:                   $5,165,062.50

         Fixed Amount:                         For each Fixed Rate Payer Payment
                                               Date other than the initial Fixed
                                               Rate Payer Payment Date, an
                                               amount calculated on a formula
                                               basis for that Fixed Rate Payer
                                               Payment Date as follows:

                                                         Fixed Rate
                                               Fixed  =  Notional    x  Fixed
                                               Amount    Amount         Rate
                                                         --------------------
                                                                  12

         Fixed Rate Notional Amount:           For the initial Fixed Rate Payer
                                               Payment Date, $529,750,000 (the
                                               initial outstanding principal
                                               balance of the Class A
                                               Certificates), and for each Fixed
                                               Rate Payer Payment Date
                                               thereafter the outstanding
                                               principal balance of Class A
                                               Certificates as of the Record
                                               Date immediately preceding such
                                               Fixed Rate Payer Payment Date
</TABLE>

                                      -2-
<PAGE>   52
[CREDIT SUISSE LOGO]

<TABLE>
<S>                                            <C>
         Fixed Rate Payer Payment Dates:       Each Transfer Date.

         Fixed Rate Day Count Fraction:        30/360.

FLOATING AMOUNTS:

         Floating Rate Payer:                  Party B.

         Calculation Periods:                  For the initial Floating Rate
                                               Payer Payment Date, the period
                                               from and including the Effective
                                               Date through the day preceding
                                               the first Distribution Date; and
                                               for each Floating Rate Payer
                                               Payment Date thereafter, each
                                               Calculation Period will be the
                                               period from and including the
                                               previous Distribution Date
                                               through the day preceding the
                                               current Distribution Date.

         Floating Rate Payer Payment Dates:    Each Transfer Date.

         Floating Rate Option:                 USD-LIBOR-BBA; provided, however,
                                               that the last sentence of the
                                               definition of
                                               "USD-LIBOR-Reference Banks" is
                                               hereby amended to replace the
                                               penultimate use of "that Reset
                                               Date" with "the day that is two
                                               London Banking Days preceding
                                               that Reset Date."

         Reset Dates:                          Means, with respect to each
                                               Floating Rate Payer Payment Date
                                               after the initial Floating Rate
                                               Payer Payment Date, the first day
                                               of the related Calculation Period
                                               for such Floating Rate Payer
                                               Payment Date.

         Designated Maturity:                  One month.

         Floating Rate Spread:

         Floating Amount for Initial
         Floating Rate Payer Payment Date:

         Floating Rate Notional Amount:        For the initial Floating Rate
                                               Payer Payment Date, $529,750,000
                                               (the initial outstanding
                                               principal balance of the Class A
                                               Certificates), and for each
                                               Floating Rate Payer Payment Date
                                               thereafter the outstanding
                                               principal balance of the Class A
                                               Certificates as of the Record
                                               Date
</TABLE>

                                      -3-
<PAGE>   53
[CREDIT SUISSE LOGO]

<TABLE>
<S>                                            <C>
                                               immediately preceding such
                                               Floating Rate Payer Payment Date.

         Floating Rate Day Count Fraction:     Actual/360.

         Compounding:                          Not Applicable.

         Calculation Agent:                    Trustee.

         Business Days:                        New York.

         Credit Support Document:              Not Applicable.
</TABLE>

                                      -4-
<PAGE>   54
[CREDIT SUISSE LOGO]

<TABLE>
<S>                                            <C>
         Other Provisions:                     The Servicer shall establish and
                                               maintain in the name of the
                                               Trustee for the benefit of the
                                               Class A Certificateholders, the
                                               interest reserve account (the
                                               "Interest Reserve Account"). If
                                               at any time during the Term of
                                               the Transaction, (i) the
                                               short-term debt rating of Party A
                                               is reduced below A-1 or is
                                               withdrawn by S&P, (ii) the
                                               short-term debt rating of Party A
                                               is reduced below F1+ or is
                                               withdrawn by Fitch, (iii) the
                                               long-term, senior unsecured debt
                                               rating of Party A is reduced
                                               below A- by S&P or is withdrawn
                                               by S&P or (iv) the long-term,
                                               senior unsecured debt rating of
                                               Party A is reduced below AA- by
                                               Fitch or is withdrawn by Fitch,
                                               then Party A will, within 30 days
                                               from the date of such reduction
                                               or withdrawal, fund the Interest
                                               Reserve Account in an amount
                                               equal to one-twelfth of the
                                               product of (a) the Fixed Rate and
                                               (b) the Fixed Rate Notional
                                               Amount as of the Record Date
                                               preceding such reduction or
                                               withdrawal (the "Required
                                               Interest Reserve Amount");
                                               provided, however, that the
                                               failure of Party A to adequately
                                               fund the Interest Reserve Account
                                               within thirty days of such
                                               reduction or withdrawal shall not
                                               constitute an Event of Default
                                               pursuant to the provisions of
                                               subsection 5(a) or a Termination
                                               Event pursuant to the provisions
                                               of subsection 5(b). Party A shall
                                               treat the amount on deposit in
                                               the Interest Reserve Account as
                                               its money for tax purposes. After
                                               establishment of the Interest
                                               Reserve Account, in the event
                                               there shall occur an Early
                                               Termination Date as a result of
                                               an Event of Default with respect
                                               to Party A as the Defaulting
                                               Party or a Termination Event with
                                               respect to Party A as the
                                               Affected Party, the funds then
                                               contained in the Interest Reserve
                                               Account will be deposited into
                                               the Collection Account to the
                                               extent provided in the
                                               Supplement. Funds on deposit in
                                               the Interest Reserve Account
                                               shall be invested at the
                                               direction of Party A by the
                                               trustee in Eligible Investments.
                                               All interest and earnings (net of
                                               losses and investment expenses)
                                               on the Interest Reserve Account
                                               shall be
</TABLE>

                                      -5-
<PAGE>   55
[CREDIT SUISSE LOGO]

<TABLE>
<S>                                            <C>
                                               retained in the Interest Reserve
                                               Account (to the extent that the
                                               amount on deposit in the Interest
                                               Reserve Account is less than the
                                               Required Interest Reserve Amount)
                                               and the balance, if any, shall be
                                               distributed to Party A. Upon
                                               termination of the Interest
                                               Reserve Account as provided in
                                               the Supplement after payment of
                                               all amounts owing to the Series
                                               2000-C Certificateholders that
                                               are payable from such account,
                                               the Trustee will release all
                                               amounts on deposit therein to
                                               Party A if on any Transfer Date
                                               subsequent to the increase of
                                               Party A's credit rating or
                                               ratings to the level that each of
                                               the following is true: Party A's
                                               short-term debt rating by S & P
                                               is not less than A-1 and by Fitch
                                               is not less the F1+ and Party A's
                                               long-term, senior unsecured debt
                                               rating is not less than A- by S &
                                               P, and is not less than AA- by
                                               Fitch, then, the Trustee at the
                                               direction of the Servicer, after
                                               the prior payment of all amounts
                                               owing to the Series 2000-C
                                               Certificateholders that are
                                               payable from the Interest Reserve
                                               Account, shall withdraw from the
                                               Interest Reserve Account and pay
                                               to Party A, the amount, if any,
                                               on deposit in the Interest
                                               Reserve Account.

                                               If Party B at the direction of
                                               the Servicer notifies Party A
                                               that netting of payments will not
                                               apply to any of the Transactions
                                               pursuant to Part 4(i) of the
                                               Schedule, each payment obligation
                                               of Party B under Section 2(a)(i)
                                               of the Master Agreement in
                                               respect of this Transaction shall
                                               be subject to the condition
                                               precedent that in respect of each
                                               such payment obligation each
                                               amount payable by Party A with
                                               respect to this Transaction shall
                                               be paid by Party A by 10:00 a.m.,
                                               New York City time, on the
                                               relevant Fixed Rate Payer Payment
                                               Date.

         London Banking Day:                   London, England.

         Governing Law:                        New York.

         Offices:                              Party A is not a Multibranch Party.

                                               Party B is not a Multibranch Party.
</TABLE>

                                      -6-
<PAGE>   56
[CREDIT SUISSE LOGO]

<TABLE>
<S>                                            <C>
         Payment Instructions
         for Party A in USD:

         Payment Instructions
         for the Trust in USD:
</TABLE>

         RELATIONSHIP BETWEEN THE PARTIES

         Credit Suisse First Boston International is regulated by the Securities
         and Futures Authority and has entered into this transaction as
         principal. The time at which the above Transaction was executed will be
         notified to Party B on request.

                                      -7-
<PAGE>   57
[CREDIT SUISSE LOGO]          CREDIT SUISSE FIRST BOSTON INTERNATIONAL

                              One Cabot Square,     Telephone 0207 888 2000
                              London E14 4QJ        Facsimile 0207 888 4125/3862

Please confirm that the foregoing correctly sets forth the terms of our
agreement with respect to the Transaction by signing in the space provided below
and sending a copy of the executed Confirmation to us.

It has been a pleasure working with you on this transaction and we look forward
to working with you again in the future.

                                 Very truly yours,

                                 CREDIT SUISSE FIRST BOSTON INTERNATIONAL,
                                 By its Agent: CSFB INTERNATIONAL TRADING L.L.C.

                                 By:   /s/  Ricardo Harewood
                                    -------------------------------------
                                 Name:  Ricardo Harewood
                                 Title:    Assistant Vice President

Agreed and Accepted by:

FLEET CREDIT CARD MASTER TRUST II,
BANKERS TRUST COMPANY, solely
in its capacity as trustee and not
in its individual capacity

By: /s/ Peter Becker
   -------------------------------
Name: Peter Becker
Title: Assistant Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}]]