Document:

<PAGE>

                                                                    EXHIBIT 4.10

                                    [FORM OF]

                      TRANSFER AND ADMINISTRATION AGREEMENT

                                      among

                    CAPITAL ONE MULTI-ASSET EXECUTION TRUST,

                                    as Issuer

                            CAPITAL ONE FUNDING, LLC,

                                  as Transferor

                                CAPITAL ONE BANK,

                                as Administrator

                                       and

                              THE BANK OF NEW YORK,

                              as Indenture Trustee

                         Dated as of September __, 2002

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                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                  Page
                                                                                  ----
<S>                                                                              <C>
                                     ARTICLE I
                                    DEFINITIONS

Section 1.01   Definitions .....................................................    2

Section 1.02   Other Definitional Provisions ...................................    4

                                    ARTICLE II
                            COMT COLLATERAL CERTIFICATE

Section 2.01   Transfer of COMT Collateral Certificate .........................    5

Section 2.02   Acceptance by Trust .............................................    5

Section 2.03   Closing .........................................................    5

Section 2.04   Books and Records ...............................................    5

Section 2.05   Series 2002-CC Certificateholder ................................    6

Section 2.06   Protection of Title to COMT Collateral Certificate ..............    6

Section 2.07   Assignment to Indenture Trustee .................................    6

                                    ARTICLE III
                  COLLECTIONS, ALLOCATIONS, DEPOSITS AND PAYMENTS

Section 3.01   Collections and Allocations .....................................    6

                                    ARTICLE IV
             ADMINISTRATION OF THE TRUST; DUTIES OF THE ADMINISTRATOR

Section 4.01   Appointment of Administrator; Duties of Administrator ...........    7

Section 4.02   Records .........................................................   11

Section 4.03   Compensation ....................................................   11

Section 4.04   Additional Information to be Furnished to Issuer ................   11

Section 4.05   Independence of Administrator ...................................   11

Section 4.06   No Joint Venture ................................................   12

Section 4.07   Other Activities of Administrator ...............................   12

Section 4.08   Termination, Resignation and Removal of Administrator ...........   12

Section 4.09   Action Upon Termination, Resignation or Removal .................   13

                                     ARTICLE V
                                  THE TRANSFEROR

Section 5.01   Representations of Transferor ...................................   13

Section 5.02   Merger or Consolidation of, or Assumption of the Obligations of,
               Transferor ......................................................   16

Section 5.03   Limitation on Liability of Transferor and Others ................   16

Section 5.04   Transferor May Own Notes ........................................   16
</TABLE>

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<TABLE>
<S>                                                                                 <C>
Section 5.05      Tax Treatment ................................................    17

                                   ARTICLE VI
                           ACQUISITION OF TRUST ASSETS

Section 6.01      Acquisition of COMT Collateral Certificate ...................    17

                                   ARTICLE VII
                                INSOLVENCY EVENTS

Section 7.01      Rights Upon the Occurrence of an Insolvency Event ............    17

                                  ARTICLE VIII
                                   TERMINATION

Section 8.01      Termination of Agreement .....................................    18

                                   ARTICLE IX
                            MISCELLANEOUS PROVISIONS

Section 9.01      Amendment ....................................................    18

Section 9.02      Fees Payable by the Transferor ...............................    19

Section 9.03      Notices ......................................................    19

Section 9.04      Assignment ...................................................    19

Section 9.05      Limitations on Rights of Others ..............................    20

Section 9.06      Severability .................................................    20

Section 9.07      Separate Counterparts ........................................    20

Section 9.08      Headings .....................................................    20

Section 9.09      GOVERNING LAW ................................................    20

Section 9.10      Nonpetition Covenants ........................................    20

Section 9.11      Relation to the Trust Agreement ..............................    21

Section 9.12      Integration of Documents .....................................    21

Section 9.13      No Waiver; Cumulative Remedies ...............................    21

Section 9.14      Limitation of Liability ......................................    21

Section 9.15      Acknowledgement and Acceptance of Indenture ..................    21
</TABLE>

                                      -ii-

<PAGE>

         THIS TRANSFER AND ADMINISTRATION AGREEMENT among CAPITAL ONE
MULTI-ASSET EXECUTION TRUST (the "Issuer"), CAPITAL ONE FUNDING, LLC, as
transferor (in such capacity, the "Transferor"), CAPITAL ONE BANK ("Capital One
Bank"), as administrator (in such capacity, the "Administrator") and THE BANK OF
NEW YORK, as indenture trustee (in such capacity, the "Indenture Trustee"), is
made and entered into as of September __, 2002.

         WHEREAS, Capital One Funding, LLC, as transferor (in such capacity, the
"Master Trust Transferor"), Capital One Bank, as servicer (in such capacity, the
"Servicer") for the Capital One Master Trust (the "Master Trust"), and The Bank
of New York, as trustee for the Master Trust (the "Master Trust Trustee"), have
entered into an Amended and Restated Pooling and Servicing Agreement, dated as
of September 30, 1993 as amended and restated as of August 1, 2002 (as amended
and supplemented as of the date hereof and as the same may be further amended,
supplemented or otherwise modified from time to time, the "Pooling and Servicing
Agreement"), and a Series 2002-CC Supplement thereto, dated as of September __,
2002 (as the same may be amended, supplemented or otherwise modified from time
to time, the "Series Supplement");

         WHEREAS, the Transferor proposes to convey and pledge to the Issuer all
of its right, title and interest in and to the COMT Collateral Certificate;

         WHEREAS, the Issuer is issuing the Asset Pool One Notes (the "Notes")
pursuant to the Indenture, dated as of September __, 2002 (as amended,
supplemented or otherwise modified from time to time, the "Indenture"), and the
COMT Asset Pool Supplement, dated as of September __, 2002 (as amended,
supplemented or otherwise modified from time to time, the "Asset Pool
Supplement"), each between the Issuer and the Indenture Trustee;

         WHEREAS, the parties hereto have entered into certain agreements in
connection with the issuance of the Notes and the beneficial ownership interest
in the Issuer, including this Agreement, the Indenture and the Capital One
Multi-asset Execution Trust Amended and Restated Trust Agreement, dated as of
September __, 2002 (the "Trust Agreement") between Capital One Funding, LLC, as
beneficiary (the "Beneficiary"), and Deutsche Bank Trust Company Delaware, as
owner trustee (the "Owner Trustee") (this Agreement, the Trust Agreement, the
Indenture, the Asset Pool One Supplement and any supplements thereto being
hereinafter referred to collectively as the "Transaction Documents");

         WHEREAS, pursuant to the Transaction Documents, the Transferor, the
Issuer and the Owner Trustee are required to perform certain duties in
connection with (a) the Notes and the collateral therefor pledged pursuant to
the Indenture and (b) the beneficial ownership interest in the Issuer;

         WHEREAS, the Issuer and the Owner Trustee desire to have the
Administrator perform certain of the duties of the Issuer and the Owner Trustee
referred to in the preceding clause, and to provide such additional services
consistent with the terms of the Transaction Documents as the Issuer and the
Owner Trustee may from time to time request; and

<PAGE>

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

         In consideration of the mutual agreements contained herein, each party
agrees as follows for the benefit of the other parties and the Noteholders to
the extent provided herein, in the Indenture, the Asset Pool One Supplement and
any Indenture Supplement:

                                   ARTICLE I

                                   DEFINITIONS

         Section 1.01 Definitions. Whenever used in this Agreement, the
following words and phrases, unless the context otherwise requires, shall have
the following meanings:

         "Addition Date" means any day on which the Invested Amount (as such
term is defined in the Series Supplement) of the COMT Collateral Certificate is
increased due to an issuance of Notes pursuant to the Indenture.

         "Affiliate" means, with respect to any specified Person, any other
Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For the purposes of this
definition, "control" when used with respect to any specified Person means the
power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or
otherwise; and the terms "controlling" and "controlled" have meanings
correlative to the foregoing.

         "Adverse Effect" has the meaning specified in the Trust Agreement.

         "Agreement" means this Transfer and Administration Agreement, as the
same may be amended, supplemented or otherwise modified from time to time.

         "Appointment Date" has the meaning specified in Section 7.01.

         "Asset Pool One" has the meaning specified in the Asset Pool One
Supplement.

         "Asset Pool One Supplement" has the meaning specified in the preamble
to this Agreement.

         "Beneficiary" has the meaning specified in the preamble to this
Agreement.

         "Capital One Bank" has the meaning specified in the preamble to this
Agreement.

         "Closing Date" means September __, 2002.

         "COMT Collateral Certificate" means the Series 2002-CC Certificate
issued pursuant to the Pooling and Servicing Agreement and the Series
Supplement, as amended, supplemented, restated or otherwise modified from time
to time.

         "Collateral" has the meaning specified in the Asset Pool One
Supplement.

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         "Collection Account" has the meaning specified in the Asset Pool One
Supplement.

         "Distribution Date" means the 15th day of each calendar month, or if
such 15th day is not a Business Day (as defined in the Indenture), the next
succeeding Business Day.

         "GAAP" means generally accepted accounting principles in the United
States of America in effect from time to time.

         "Governmental Authority" means the United States of America, any state
or other political subdivision thereof and any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government.

         "Indenture" has the meaning specified in the preamble to this
Agreement.

         "Indenture Trustee" has the meaning specified in the preamble to this
Agreement.

         "Insolvency Event" has the meaning specified in Section 7.01.

         "Issuer" has the meaning specified in the preamble to this Agreement.

         "Master Trust" has the meaning specified in the preamble to this
Agreement.

         "Master Trust Transferor" has the meaning specified in the preamble to
this Agreement.

         "Master Trust Trustee" has the meaning specified in the preamble to
this Agreement.

         "Note Rating Agency" means, with respect to any Outstanding Series,
Class or Tranche of Notes, each statistical note rating agency selected by the
Issuer to rate such Notes.

         "Notes" has the meaning specified in the preamble to this Agreement.

         "Noteholder" means an Asset Pool One Noteholder (as defined in the
Asset Pool One Supplement).

         "Officer's Certificate" means a certificate on behalf of any Person
that is signed by any authorized officer or Vice President or more senior
officer of such Person and states that the certifications set forth in such
certificate are based upon the results of a due inquiry into the matters in
question conducted by or under the supervision of the signing officer and that
the facts stated in such certifications are true and correct to the best of the
signing officer's knowledge.

         "Opinion of Counsel" means a written opinion of counsel reasonably
acceptable to the Indenture Trustee who may be an employee of or of counsel to
the Transferor or the Servicer.

         "Owner Trustee" has the meaning specified in the preamble to this
Agreement.

         "Person" means any individual, corporation, partnership (general or
limited), limited liability company, joint venture, association, joint-stock
company, trust, unincorporated organization, governmental entity or other entity
of similar nature.

                                       3

<PAGE>

         "Pooling and Servicing Agreement" has the meaning specified in the
preamble to this Agreement.

         "Requirements of Law" means, for any Person, the certificate of
incorporation or articles of association and by-laws or other organizational or
governing documents of such Person, and any law, treaty, rule or regulation, or
determination of an arbitrator or Governmental Authority, in each case
applicable to or binding upon such Person or to which such Person is subject,
whether federal, state or local (including without limitation, usury laws, the
Federal Truth in Lending Act and Regulation Z and Regulation B of the Board of
Governors of the Federal Reserve System).

         "Series Supplement" has the meaning specified in the preamble to this
Agreement.

         "Servicer" has the meaning specified in the preamble to this Agreement.

         "Transaction Documents" has the meaning specified in the preamble to
this Agreement.

         "Transferor" has the meaning specified in the preamble to this
Agreement.

         "Trust" means the Issuer.

         "Trust Agreement" has the meaning specified in the preamble to this
Agreement.

         "UCC" means the Uniform Commercial Code as in effect in the State of
New York and any other applicable jurisdiction.

         Section 1.02 Other Definitional Provisions.

         (a) Unless otherwise specified in this Agreement, capitalized terms
used herein and not otherwise defined herein have the meanings assigned to them
in the Indenture.

         (b) All terms defined in this Agreement shall have the defined meanings
when used in any certificate or other document made or delivered pursuant hereto
unless otherwise defined therein.

         (c) As used in this Agreement and in any certificate or other document
made or delivered pursuant hereto or thereto, accounting terms not defined in
this Agreement or in any such certificate or other document, and accounting
terms partly defined in this Agreement or in any such certificate or other
document to the extent not defined, shall have the respective meanings given to
them under GAAP. To the extent that the definitions of accounting terms in this
Agreement or in any such certificate or other document are inconsistent with the
meanings of such terms under GAAP, the definitions contained in this Agreement
or in any such certificate or other document shall control.

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

                                       4

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     (e)  The definitions contained in this Agreement are applicable to the
singular as well as the plural forms of such terms and to the masculine as well
as to the feminine and neuter genders of such terms.

                                   ARTICLE II

                           COMT COLLATERAL CERTIFICATE

     Section 2.01   Transfer of COMT Collateral Certificate. In consideration of
the Trust's delivery to the Transferor of the Trust Certificate (as defined in
the Trust Agreement) and the net proceeds of the initial sale of Notes, the
Transferor does hereby transfer, assign, set over, pledge and otherwise convey
to the Trust, without recourse (subject to the obligations herein), all right,
title and interest of the Transferor, whether now owned or hereafter acquired,
in and to the COMT Collateral Certificate and the proceeds thereof. The parties
to this Agreement intend that the conveyance of the COMT Collateral Certificate
and the proceeds thereof pursuant to this Agreement constitute a sale, and not a
secured borrowing, for accounting purposes. Nevertheless, this Agreement also
shall be deemed to be and hereby is a security agreement within the meaning of
the UCC, and the conveyance by the Transferor provided for in this Agreement
shall be deemed to be and hereby is a grant by the Transferor to the Trust of a
security interest in and to all of the Transferor's right, title and interest,
whether now owned or hereafter acquired, in, to and under the COMT Collateral
Certificate, all accounts, general intangibles, chattel paper, instruments,
documents, money, deposit accounts, goods, letters of credit, letter-of-credit
rights, investment property and oil, gas and other minerals consisting of,
arising from, or relating to the COMT Collateral Certificate, and the proceeds
thereof, to secure the obligations of the Transferor hereunder. The Transferor
and the Trust shall, to the extent consistent with this Agreement, take such
actions as may be necessary to ensure that the security interest in the COMT
Collateral Certificate created hereunder will be a perfected security interest
of first priority under applicable law and will be maintained as such throughout
the term of this Agreement.

     Section 2.02   Acceptance by Trust. The Trust hereby acknowledges its
acceptance of all right, title and interest to the property, now existing and
hereafter created, conveyed to the Trust pursuant to Section 2.01.

     Section 2.03   Closing. The transfer, assignment, set over, pledge and
conveyance of the COMT Collateral Certificate shall take place at the offices of
Orrick, Herrington & Sutcliffe LLP, 3050 K Street, Suite 200, Washington, D.C.
20007 on the Closing Date, simultaneously with the closing of the transactions
contemplated by the Pooling and Servicing Agreement, the Series Supplement and
the Transaction Documents.

     Section 2.04   Books and Records. In connection with the transfer,
assignment, set over, pledge and conveyance set forth in Section 2.01, the
Transferor shall indicate in its accounting, computer and other records that the
COMT Collateral Certificate has been transferred to the Trust, and the COMT
Collateral Certificate shall be registered in the name of the Trust and shall be
delivered to the Trust in the State of Delaware. In addition, the Transferor
agrees to record and file, at its own expense, any financing statements (and
amendments with respect to such financing statements when applicable) required
to be filed with respect to the COMT Collateral Certificate assigned by the
Transferor hereunder, meeting the requirements of applicable law in such manner
and in such jurisdictions as are necessary under the applicable UCC to perfect
the transfer,

                                       5

<PAGE>

assignment, set over, pledge and conveyance of the COMT Collateral Certificate
to the Trust, and to deliver a file-stamped copy of such financing statements
and amendments or other evidence of such filings to the Trust on or prior to the
Closing Date (excluding such amendments, which shall be delivered promptly after
filing).

     Section 2.05   Series 2002-CC Certificateholder. In accordance with the
terms of the Asset Pool One Supplement, the Indenture Trustee shall be the
Series 2002-CC Certificateholder for all purposes under the Pooling and
Servicing Agreement and the Series Supplement. To the extent the COMT Collateral
Certificate is sold or otherwise transferred to a third party in connection with
the sale or liquidation of the Collateral pursuant to the provisions of the
Indenture and the Asset Pool One Supplement, such transferee shall be the Series
2002-CC Certificateholder for all purposes under the Pooling and Servicing
Agreement and the Series Supplement.

     Section 2.06   Protection of Title to COMT Collateral Certificate.

     (a)  The Transferor shall take all actions necessary, and the Trust shall
cooperate with the Transferor, to perfect, and maintain perfection of, the
interests of the Trust and the Indenture Trustee in the COMT Collateral
Certificate.

     (b)  The Transferor shall not change its name or its type or jurisdiction
of organization without having delivered at least sixty (60) days prior written
notice to the Trust and the Indenture Trustee that all actions have been taken,
and all filings have been made, as are necessary to continue and maintain the
first priority perfected interest of the Trust in the COMT Collateral
Certificate.

     (c)  The Owner Trustee shall permit the Indenture Trustee and its agents
at any time following reasonable notice and during normal business hours to
inspect, audit and make copies of and abstracts from the Owner Trustee's records
regarding the COMT Collateral Certificate.

     Section 2.07   Assignment to Indenture Trustee. The Transferor hereby
acknowledges and consents to the mortgage, pledge, assignment and grant of a
security interest by the Trust to the Indenture Trustee pursuant to the Asset
Pool One Supplement of all right, title and interest of the Trust in, to and
under the COMT Collateral Certificate and to the other property described in the
Granting Clause of the Asset Pool One Supplement and the assignment of any or
all of the Trust's rights and obligations hereunder to the Indenture Trustee.

                                  ARTICLE III

                 COLLECTIONS, ALLOCATIONS, DEPOSITS AND PAYMENTS

     Section 3.01   Collections and Allocations. All distributions in respect of
the COMT Collateral Certificate shall be deposited in the Collection Account for
Asset Pool One, which amounts shall be applied by the Indenture Trustee pursuant
to the Asset Pool One Supplement.

                                       6

<PAGE>

                                   ARTICLE IV

            ADMINISTRATION OF THE TRUST; DUTIES OF THE ADMINISTRATOR

     Section 4.01   Appointment of Administrator; Duties of Administrator.

          (a)  The Issuer hereby appoints Capital One Bank to act as initial
administrator (the "Administrator"), subject to Section 4.08.

          (b)  Duties of the Administrator with Respect to Transaction
Documents. The Administrator shall consult with the Transferor and the Owner
Trustee regarding the duties of the Issuer and the Owner Trustee under the
Transaction Documents. The Administrator shall monitor the performance of the
Issuer and shall advise the Owner Trustee when action is necessary to comply
with the Issuer's or the Owner Trustee's duties under the Transaction Documents.
The Administrator shall prepare for execution by the Issuer or the Owner Trustee
or shall cause the preparation by other appropriate Persons of all such
documents, reports, filings, instruments, certificates and opinions as it shall
be the duty of the Issuer or the Owner Trustee to prepare, file or deliver
pursuant to any Transaction Document. In furtherance of the foregoing, the
Administrator shall take all appropriate action that it is the duty of the
Issuer or the Owner Trustee to take pursuant to the Indenture, any Indenture
Supplement and the Asset Pool One Supplement, including such of the foregoing as
are required with respect to the following matters under the Indenture, any
Indenture Supplement and the Asset Pool One Supplement (parenthetical references
are to Articles or Sections of the Indenture):

          (A)  causing the Note Register to be kept, and notifying the Indenture
     Trustee of any appointment of a new Note Registrar and the location, or
     change in location, of the Note Registrar (subsection 305(a));

          (B)  preparing or obtaining the documents, legal opinions and
     instruments required for execution, authentication and delivery of the
     Notes, and delivery of the same to the Indenture Trustee for authentication
     (Sections 303, 304 and 310), providing for the replacement of mutilated,
     destroyed, lost or stolen Notes (Section 306), providing for the exchange
     or transfer of Notes (Section 305) and, to the extent set forth in the
     related Indenture Supplement, notifying each Note Rating Agency in writing
     of the issuance of any Tranche, Class or Series of Notes;

          (C)  directing the Indenture Trustee with respect to the investment of
     funds in the Issuer Accounts (Section 403);

          (D)  preparing or obtaining the documents, legal opinions and
     instruments required to be delivered to the Indenture Trustee with respect
     to the satisfaction and discharge of the Indenture (subsection 501(c)) and
     preparing the documents necessary for the Indenture Trustee to acknowledge
     the same (subsection 501(a));

          (E)  on the resignation or removal of any Indenture Trustee, giving
     written notice of such resignation or removal and appointment to each
     Noteholder (subsection 710(f));

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<PAGE>

          (F)  preparing or causing to be prepared tax returns for the Issuer
     (if required) and the reporting information for the Noteholders (Section
     715);

          (G)  preparing on behalf of the Issuer written instructions regarding
     any action proposed to be taken or omitted by the Indenture Trustee upon
     the Indenture Trustee's application therefor (Section 718);

          (H)  furnishing to the Indenture Trustee a list of the names and
     addresses of the Registered Noteholders not more than 15 days after each
     Record Date or at such other times as the Indenture Trustee may request in
     writing (Section 801);

          (I)  establishing reasonable rules for matters relating to Action by
     or a meeting of Noteholders not otherwise set forth in Section 804 of the
     Indenture (subsection 804(g));

          (J)  preparing for the Issuer such filings for filing with the
     Commission, and providing the Indenture Trustee with copies thereof once
     filed, as required by the Securities Exchange Act of 1934, as amended, or
     otherwise as in accordance with rules and regulations prescribed from time
     to time by the Commission (Section 805);

          (K)  preparing, completing and delivering to the Indenture Trustee and
     the trustee for the Master Trust (with a copy to each Note Rating Agency),
     a Monthly Noteholders' Statement (Section 806);

          (L)  preparing for the Issuer the Payment Instruction after the Issuer
     receives each Monthly Servicer's Certificate under the Series Supplement,
     delivering a copy thereof to the Indenture Trustee and the trustee for the
     Master Trust and compiling such other information for the Issuer
     (subsection 807(a));

          (M)  preparing or obtaining any necessary Opinion of Counsel, Issuer
     Tax Opinion, Officer's Certificate, or other document or instrument as may
     be required in connection with any supplemental indenture or amendment to
     the Indenture, any Indenture Supplement or the Asset Pool One Supplement
     (Article IX);

          (N)  giving notice to each Note Rating Agency and collecting the vote
     of Noteholders, as necessary, in connection with any supplemental indenture
     or amendment to the Indenture, any Indenture Supplement or the Asset Pool
     One Supplement (Article IX);

          (O)  causing any Paying Agents to execute and deliver to the Indenture
     Trustee an instrument pursuant to which it agrees to act as Paying Agent as
     set forth in Section 1003 of the Indenture;

          (P)  preparing Officer's Certificates of the Issuer directing the
     Paying Agent to pay to the Indenture Trustee sums held in trust by the
     Issuer or such Paying Agent for the purpose of discharging the Indenture
     (Section 1003);

          (Q)  preparing written statements for execution by an Authorized
     Officer as required by Section 1004 of the Indenture;

                                       8

<PAGE>

          (R)  performing or causing to be performed all things necessary to
     preserve and keep in full force and effect the legal existence of the
     Issuer (Section 1005);

          (S)  giving prompt written notice to the Indenture Trustee and each
     Note Rating Agency of each Event of Default under the Indenture, each
     breach on the part of the Servicer or the Master Trust Transferor of its
     respective obligations under the Pooling and Servicing Agreement or any
     default of a Derivative Counterparty (Section 1008);

          (T)  providing to Noteholders and prospective Noteholders information
     required to be provided by the Issuer pursuant to Rule 144A under the
     Securities Act (Section 1011);

          (U)  preparing and causing the Issuer to file UCC financing statements
     and amendments thereto (Section 1012);

          (V)  preparing or obtaining the instruments, documents, agreements and
     legal opinions required to be delivered by the Issuer and preparing any
     notice required to be given to the Note Rating Agencies, in connection with
     the merger or consolidation of the Issuer with any other Person (subsection
     1013(a)) or the conveyance or transfer of any of the Issuer's property or
     assets (subsection 1013(b));

          (W)  giving written notice to the affected Noteholders of any optional
     repurchase by the Transferor (Section 1102) and to the Indenture Trustee
     and each Note Rating Agency with respect to any such optional repurchase or
     Early Amortization Event (Section 1103);

          (X)  to the extent set forth herein or in the Asset Pool One
     Supplement, preparing or obtaining the instruments, documents, agreements
     and legal opinions required to be delivered by the Issuer and preparing any
     notice required to be given by the Issuer to the Note Rating Agencies and
     the Indenture Trustee in connection with addition or removal of Collateral;

          (Y)  to the extent set forth herein or in the Asset Pool One
     Supplement, preparing for execution and delivery or filing by the Issuer
     all supplements and amendments to this Agreement and the Asset Pool One
     Supplement and all instruments of further assurance; and

          (Z)  to the extent set forth in the Asset Pool One Supplement,
     establishing and maintaining or causing to be established and maintained
     certain Issuer Accounts.

          (c)  Additional Duties.

               (i)  In addition to the duties of the Administrator set forth
          above, but subject to Sections 4.01(d) and 4.05, the Administrator
          shall perform all ministerial duties and obligations of the Issuer
          under the Transaction Documents and shall perform such calculations
          and shall prepare for execution by the Issuer and the Owner Trustee
          and shall cause the preparation by other appropriate Persons of all
          such documents, reports, filings, instruments, certificates and
          opinions as it shall be the duty of the Issuer or the Owner Trustee to
          prepare, file or deliver pursuant to the Transaction Documents, and at
          the request of the Issuer or the Owner Trustee shall take all
          appropriate action that it is the duty of the Issuer or the Owner
          Trustee to

                                       9

<PAGE>

                  take pursuant to the Transaction Documents. Subject to
                  Sections 4.01(d) and 4.05 of this Agreement, and in accordance
                  with the directions of the Issuer, the Owner Trustee or the
                  Transferor, the Administrator shall administer, perform or
                  supervise the performance of such other activities in
                  connection with the Collateral (including the Transaction
                  Documents) as are not covered by any of the foregoing
                  provisions and as are expressly requested by the Owner Trustee
                  or the Transferor and are reasonably within the capability of
                  the Administrator.

                           (ii)  Subject to Sections 4.01(d) and 4.05, the
                  Administrator shall perform the duties of the Administrator
                  specified in subsection 5.01(b) required to be performed in
                  connection with the resignation or removal of the Owner
                  Trustee, and any other duties expressly required to be
                  performed by the Administrator under the Trust Agreement.

                           (iii) In carrying out the foregoing duties or any of
                  its other obligations under this Agreement, the Administrator
                  may enter into transactions with or otherwise deal with any of
                  its Affiliates; provided, however, that the terms of any such
                  transactions or dealings shall be in accordance with any
                  directions received from the Issuer or the Transferor and
                  shall be, in the Administrator's opinion, no less favorable to
                  the Issuer than would be available from unaffiliated parties.

                           (iv)  Subject to Sections 4.01(d) and 4.05, it is the
                  intention of the parties hereto that the Administrator shall,
                  and the Administrator hereby agrees to, execute on behalf of
                  the Issuer all such documents, reports, filings, instruments,
                  certificates and opinions as it shall be the duty of the
                  Issuer to prepare, file or deliver pursuant to the Transaction
                  Documents. In furtherance thereof, the Owner Trustee shall, on
                  behalf of the Issuer, execute and deliver to the Administrator
                  and its agents, and to each successor Administrator appointed
                  pursuant to the terms hereof, one or more powers of attorney
                  substantially in the form of Exhibit __, appointing the
                  Administrator the attorney-in-fact of the Issuer for the
                  purpose of executing on behalf of the Issuer all such
                  documents, reports, filings, instruments, certificates and
                  opinions.

                  (d)      Non-Ministerial Matters.

                           (i)   With respect to matters that in the reasonable
                  judgment of the Administrator are non-ministerial, the
                  Administrator shall not take any action except upon direction
                  of the Transferor. For the purpose of the preceding sentence,
                  "non-ministerial matters" shall include:

                           (1)   the amendment of or any supplement to the
                  Indenture;

                           (2)   the initiation of any claim or lawsuit by the
                  Issuer and the compromise of any action, claim or lawsuit
                  brought by or against the Issuer;

                           (3)   the amendment, change or modification of the
                  Transaction Documents;

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<PAGE>

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

                         (5)  the removal of the Indenture Trustee;

                         (6)  the timing or amount of any allocation, deposit,
                  withdrawal or payment of funds under any Transaction Document;

                         (7)  the redemption or payment of any Note, or the
                  initiation, suspension or termination of any revolving,
                  redemption or other period under any Transaction Document;

                         (8)  the waiver of any default under any Transaction
                  Document;

                         (9)  the release of any part of the Collateral; and

                         (10) any matter that is reserved to the discretion of
                  the Issuer under any Transaction Document or that could have a
                  material impact on the financial condition of the Issuer or
                  the Transferor.

                  (ii)   Notwithstanding anything to the contrary in this
         Agreement, the Administrator shall not be obligated to, and shall not,
         (x) make any payments to the Noteholders or any other Person under the
         Transaction Documents or (y) take any other action that the Issuer or
         the Owner Trustee directs the Administrator not to take on its behalf.

         Section 4.02    Records. The Administrator shall maintain appropriate
books of account and records relating to services performed hereunder, which
books of account and records shall be accessible for inspection by the Issuer,
the Owner Trustee, the Indenture Trustee, the Collateral Agent and the
Transferor at any time during normal business hours.

         Section 4.03    Compensation. As compensation for the performance of
the Administrator's obligations under this Agreement, the Administrator shall be
entitled to $____ per month from the Transferor, in addition to reimbursement
for its liabilities and extra out-of-pocket expenses related to its performance
hereunder or under any Transaction Document. Such amounts shall be paid by the
Transferor directly to the Administrator.

         Section 4.04    Additional Information to be Furnished to Issuer. The
Administrator shall furnish to the Issuer, the Indenture Trustee or the
Transferor from time to time such additional information regarding the
Transaction Documents and the Trust as each of them shall reasonably request.

         Section 4.05    Independence of Administrator. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not be
subject to the supervision of the Issuer or the Owner Trustee with respect to
the manner in which it accomplishes the performance of its obligations
hereunder. Unless expressly authorized by the Issuer or the Transferor, the

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Administrator shall have no authority to act for or represent the Issuer or the
Owner Trustee in any way and shall not otherwise be deemed an agent of the
Issuer or the Owner Trustee.

         Section 4.06   No Joint Venture. Nothing contained in this Agreement
shall (i) constitute the Administrator and either of the Issuer or the Owner
Trustee as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of them
any express, implied or apparent authority to incur any obligation or liability
on behalf of the others.

         Section 4.07   Other Activities of Administrator. Nothing herein shall
prevent the Administrator or its Affiliates from engaging in other businesses
or, in its sole discretion, from acting in a similar capacity as an
administrator for any other person or entity even though such person or entity
may engage in business activities similar to those of the Issuer, the Owner
Trustee or the Indenture Trustee.

         Section 4.08   Termination, Resignation and Removal of Administrator.

                 (a) Subject to subsection 4.08(d), the Administrator may resign
its duties hereunder by providing the Issuer and the Transferor with at least 60
days prior written notice.

                 (b) Subject to subsection 4.08(d), the Issuer or the Transferor
may, with written notice to each Note Rating Agency, remove the Administrator
without cause by providing the Administrator with at least 60 days prior written
notice.

                 (c) Subject to subsection 4.08(d), at the sole option of the
Issuer or the Transferor and with written notice to each Note Rating Agency, the
Administrator may be removed immediately upon written notice of termination from
the Issuer or the Transferor to the Administrator if any of the following events
shall occur:

                 (i)   the Administrator shall default in the performance of any
         of its duties under this Agreement and, after notice of such default,
         shall not cure such default within 10 days (or, if such default cannot
         be cured in such time, shall not give within 10 days such assurance of
         cure as shall be reasonably satisfactory to the Issuer and the
         Transferor);

                 (ii)  (A) the Administrator shall file a petition or commence a
         proceeding (I) to take advantage of any bankruptcy, conservatorship,
         receivership, insolvency, or similar laws or (II) for the appointment
         of a trustee, conservator, receiver, liquidator, or similar official
         for or relating to the Administrator or all or substantially all of its
         property, (B) the Administrator shall consent or fail to object to any
         such petition filed or proceeding commenced against or with respect to
         it or all or substantially all of its property, or any such petition or
         proceeding shall not have been dismissed or stayed within sixty (60)
         days of its filing or commencement, or a court, agency, or other
         supervisory authority with jurisdiction shall have decreed or ordered
         relief with respect to any such petition or proceeding, (C) the
         Administrator shall admit in writing its inability to pay its debts
         generally as they become due, (D) the Administrator shall make an
         assignment for the benefit of its creditors, or (E) the Administrator
         shall voluntarily suspend payment of its obligations.

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<PAGE>

         The Administrator agrees that if any of the events specified in clause
(i) or (ii) of this subsection 4.08(c) shall occur, it shall give written notice
thereof to the Issuer, the Owner Trustee, the Indenture Trustee and the
Transferor within seven days after the happening of such event.

               (d) No termination, resignation or removal of the Administrator
pursuant to this Section shall be effective until (i) a successor Administrator
shall have been appointed by the Issuer and the Transferor and (ii) such
successor Administrator shall have agreed in writing to be bound by the terms of
this Agreement in the same manner as the Administrator is bound hereunder.

         Section 4.09 Action Upon Termination, Resignation or Removal. Promptly
upon the effective date of termination of the Administrator pursuant to
subsection 4.08(c) or the resignation or removal of the Administrator pursuant
to subsection 4.08(a) or (b), respectively, the Administrator shall be entitled
to be paid all fees and reimbursable expenses accruing to it to the date of such
resignation or removal. The Administrator shall forthwith upon such termination
pursuant to subsection 4.08(c) deliver to the Issuer all property and documents
of or relating to the Collateral then in the custody of the Administrator. In
the event of the resignation or removal of the Administrator pursuant to
subsection 4.08(a), (b) or (d), respectively, the Administrator shall cooperate
with the Issuer and the Transferor and take all reasonable steps requested to
assist the Issuer and the Transferor in making an orderly transfer of the duties
of the Administrator.

                                   ARTICLE V

                                 THE TRANSFEROR

         Section 5.01 Representations of Transferor. The Transferor makes the
following representations and warranties as to the COMT Collateral Certificate
on which the Trust is deemed to have relied in acquiring the COMT Collateral
Certificate. Such representations and warranties speak as of the execution and
delivery of this Agreement and as of each Distribution Date, but shall survive
the transfer and assignment of the COMT Collateral Certificate to the Trust and
the pledge thereof to the Indenture Trustee pursuant to the Indenture and the
Asset Pool One Supplement.

         (a) The Transferor is a limited liability company duly organized,
validly existing and in good standing under the laws of the Commonwealth of
Virginia and has full corporate power, authority and legal right to own its
properties and conduct its business as such properties are presently owned and
such business is presently conducted, and to execute, deliver and perform its
obligations under this Agreement and any other documents related hereto to which
it is a party.

         (b) The Transferor is duly qualified to do business and is in good
standing (or is exempt from such requirement), and has obtained all necessary
licenses and approvals with respect to the Transferor, in each jurisdiction in
which failure to so qualify or to obtain such licenses or approvals would have a
material adverse effect on the interests of the Noteholders hereunder or under
the Indenture; provided, however, that no representation or warranty is made
with respect to any qualifications, licenses or approvals which the Owner
Trustee or the Indenture Trustee has or may be required at any time to obtain,
if any, in connection with the transactions contemplated hereby or by any other
Transaction Document to which the Owner Trustee or the Indenture Trustee, as the
case may be, is a party.

                                       13

<PAGE>

         (c) The execution and delivery by the Transferor of this Agreement and
the consummation by the Transferor of the transactions provided for in this
Agreement and in the other Transaction Documents to which the Transferor is a
party have been duly authorized by the Transferor by all necessary corporate
action on its part and each of this Agreement and the other Transaction
Documents to which the Transferor is a party will remain, from the time of its
execution, an official record of the Transferor; the Transferor has the power
and authority to assign the property to be assigned to and deposited with the
Trust pursuant to this Agreement.

         (d) The execution and delivery by the Transferor of this Agreement, the
performance by the Transferor of the transactions contemplated by this Agreement
and the fulfillment by the Transferor of the terms hereof will not conflict
with, result in any breach of any of the material terms and provisions of, or
constitute (with or without notice or lapse of time or both) a material default
under, any indenture, contract, agreement, mortgage, deed of trust, or other
instrument to which the Transferor is a party or by which it or any of its
properties are bound (other than violations of such indentures, contracts,
agreements, mortgages, deeds of trust or other instruments which, individually
or in the aggregate, would not have a material adverse effect on the
Transferor's ability to perform its obligation under this Agreement).

         (e) The execution and delivery by the Transferor of this Agreement, the
performance by the Transferor of the transactions contemplated by this Agreement
and the fulfillment by the Transferor of the terms hereof will not conflict with
or violate any Requirements of Law applicable to the Transferor.

         (f) There are no proceedings or investigations pending or, to the
Transferor's knowledge, threatened against the Transferor before any court,
regulatory body, administrative agency, or other tribunal or governmental
instrumentality having jurisdiction over the Transferor or its properties (i)
asserting the invalidity of this Agreement or any of the Transaction Documents,
(ii) seeking to prevent the consummation of any of the transactions contemplated
by this Agreement or any of the Transaction Documents, (iii) seeking any
determination or ruling that, in the reasonable judgment of the Transferor,
would materially and adversely affect the performance by the Transferor of its
obligations under this Agreement or the Transaction Documents, or (iv) seeking
any determination or ruling that would materially and adversely affect the
validity or enforceability of this Agreement or the Transaction Documents.

         (g) The transfer and assignment herein contemplated constitute either
(i) a sale of the COMT Collateral Certificate from the Transferor to the Trust
or (ii) a grant of a perfected security interest therein from the Transferor to
the Trust. The COMT Collateral Certificate has not been sold, transferred,
assigned or pledged by the Transferor to any Person other than pursuant to this
Agreement. Immediately prior to the transfer and assignment herein contemplated,
the Transferor had good and marketable title to the COMT Collateral Certificate,
free and clear of all liens and rights of others and, immediately upon the
transfer thereof pursuant to this Agreement, the Trust shall have good and
marketable title to the COMT Collateral Certificate, free and clear of all liens
and rights of others or a first priority perfected security interest therein;
and the transfer has been perfected, by the filing of appropriate financing
statements and the taking of such other action pursuant to the UCC, under the
UCC. The Transferor has no knowledge of any current statutory or other
non-consensual liens to which the COMT Collateral Certificate is subject.

                                       14

<PAGE>

         (h) All approvals, authorizations, consents, orders or other actions of
any Person or of any Governmental Authority required to be obtained, effected or
given by the Transferor in connection with the execution and delivery by the
Transferor of this Agreement or any other Transaction Document to which it is a
party, the performance by the Transferor of the transactions contemplated by
this Agreement or any other Transaction Document to which it is a party and the
fulfillment by the Transferor of the terms hereof or thereof, have been obtained
or have been completed and are in full force and effect (other than approvals,
authorizations, consents, orders and other actions which if not obtained or
completed or in full force or effect would not have a material adverse effect on
the Transferor or the Trust or upon the collectibility of the COMT Collateral
Certificate or upon the ability of the Transferor to perform its obligations
under this Agreement).

         (i) Each of (i) the transfer of the COMT Collateral Certificate by the
Transferor to the Trust pursuant to the terms of this Agreement and (ii) the
pledge of the COMT Collateral Certificate by the Trust to the Indenture Trustee
pursuant to the terms of the Indenture and the Asset Pool One Supplement, comply
with the provisions of the Pooling and Servicing Agreement relating to transfers
of the COMT Collateral Certificate.

         (j) To the extent the New York UCC applies, this Agreement creates a
valid and continuing security interest (as defined in the New York UCC) in favor
of the Trust in the COMT Collateral Certificate, which security interest is
prior to all other liens, and is enforceable as such as against creditors of and
purchasers from the Transferor.

         (k) The COMT Collateral Certificate constitutes either an "account," a
"general intangible," an "instrument," or a "certificated security," each within
the meaning of the New York UCC.

         (l) At the time of the transfer and assignment of the COMT Collateral
Certificate to the Trust pursuant to this Agreement, the Transferor owned and
had good and marketable title to the COMT Collateral Certificate free and clear
of any lien, claim or encumbrance of any Person.

         (m) The Transferor has caused or will have caused, within ten days of
the execution of this Agreement, the filing of all appropriate financing
statements in the proper filing office in the appropriate jurisdictions under
applicable law in order to perfect the security interest in the COMT Collateral
Certificate granted to the Trust pursuant to this Agreement.

         (n) Other than the interests transferred and assigned to the Trust
pursuant to this Agreement, the Transferor has not pledged, assigned, sold,
granted a security interest in, or otherwise conveyed, the COMT Collateral
Certificate. The Transferor has not authorized the filing of and is not aware of
any financing statements against the Transferor that include a description of
the COMT Collateral Certificate other than any financing statement relating to
the security interest granted to the Trust pursuant to this Agreement or any
financing statement that has been terminated. The Transferor is not aware of any
judgment or tax lien filings against the Transferor.

         (o) At the time of the transfer and assignment of the COMT Collateral
Certificate to the Trust pursuant to this Agreement, all original executed
copies of the COMT Collateral Certificate have been delivered to the Trust.

                                       15

<PAGE>

         (p) At the time of the transfer and assignment of the COMT Collateral
Certificate to the Trust pursuant to this Agreement, the COMT Collateral
Certificate had no marks or notations indicating that it has been pledged,
assigned or otherwise conveyed to any Person other than the Trust.

         (q) None of the representations and warranties contained subsections
5.01(j) through 5.01(p) shall be waived by any of the parties to this Agreement
unless the Transferor has obtained written confirmation from each Note Rating
Agency that there will be no Ratings Effect (as defined in the Indenture) with
respect to such waiver.

         Section 5.02 Merger or Consolidation of, or Assumption of the
Obligations of, Transferor. Any Person (a) into which the Transferor may be
merged or consolidated, (b) which may result from any merger or consolidation to
which the Transferor shall be a party or (c) which may succeed to the properties
and assets of the Transferor substantially as a whole, which Person in any of
the foregoing cases executes an agreement of assumption to perform every
obligation of the Transferor under this Agreement, shall be the successor to the
Transferor hereunder without the execution or filing of any other document or
any further act by any of the parties to this Agreement; provided, however, that
(i) the Transferor shall have delivered to the Owner Trustee and the Indenture
Trustee an Officer's Certificate of the Transferor and an Opinion of Counsel
each stating that such consolidation, merger or succession and such agreement of
assumption comply with this Section 5.02 and that all conditions precedent
provided for in this Agreement relating to such transaction have been complied
with, (ii) written confirmation from each Note Rating Agency that such
transaction will not result in such Note Rating Agency reducing or withdrawing
its then existing rating of the Notes and (iii) the Transferor shall have
delivered to the Owner Trustee and the Indenture Trustee an Opinion of Counsel
either (A) stating that, in the opinion of such counsel, all actions necessary
to perfect the interests of the Trust have been taken, including that all
financing statements and amendments thereto have been executed and filed that
are necessary fully to preserve and protect the interest of the Trust in the
COMT Collateral Certificate and reciting the details of such filings, or (B)
stating that, in the opinion of such counsel, no such action shall be necessary
to preserve and protect such interest. Following the effectiveness of the
succession provided for in this Section 5.02, the predecessor Transferor shall
be released from any obligations and liabilities provided for under the
Transaction Documents other than any obligations or liabilities incurred by such
predecessor Transferor prior to the effectiveness of such succession.

         Section 5.03 Limitation on Liability of Transferor and Others. The
Transferor and any director, officer, employee or agent of the Transferor may
rely in good faith on the advice of counsel or on any document of any kind,
prima facie properly executed and submitted by any Person respecting any matters
arising hereunder. The Transferor shall not be under any obligation to appear
in, prosecute or defend any legal action that shall not be incidental to its
obligations under this Agreement, and that in its opinion may involve it in any
expense or liability.

         Section 5.04 Transferor May Own Notes. The Transferor and any Affiliate
thereof may in its individual or any other capacity become the owner or pledgee
of Notes with the same rights as it would have if it were not the Transferor or
an Affiliate thereof, except as expressly provided herein or in any Transaction
Document (including, without limitation, the definition of "Outstanding"
contained in the Indenture). The Transferor agrees that it shall not transfer
any interest in Notes or any rights hereunder without delivering to the Owner
Trustee a Master Trust Tax Opinion and an Issuer Tax Opinion.

                                       16

<PAGE>

         Section 5.05 Tax Treatment. The Transferor has structured this
Agreement, the Trust Agreement, the Indenture and any related agreement with the
intention that the Notes qualify under applicable federal, state, and local
income and franchise tax law and for purposes of any other tax imposed on or
measured by income as indebtedness of the Transferor secured by the COMT
Collateral Certificate and the Issuer shall be disregarded as a separate entity
for such purposes. The Transferor, the Administrator and the Issuer agree to
treat the Notes and the Issuer accordingly and to take no action inconsistent
with such treatment.

                                   ARTICLE VI

                           ACQUISITION OF TRUST ASSETS

         Section 6.01 Acquisition of COMT Collateral Certificate. If the Master
Trust Transferor exercises its option to accept retransfer of the COMT
Collateral Certificate pursuant to the terms of the Series Supplement, the
Master Trust Transferor shall (a) acquire the COMT Collateral Certificate, which
acquisition shall be effective as of the date on which such retransfer occurs,
(b) deliver notice of such acquisition to the Owner Trustee and the Indenture
Trustee on or prior to the Determination Date following the applicable Monthly
Period for which the option is deemed exercised and (c) deposit in the
Collection Account for Asset Pool One on or prior to the Distribution Date
following such Monthly Period an amount equal to the Invested Amount of the COMT
Collateral Certificate on such date and all other amounts payable to the
Noteholders of each Outstanding Series of Notes including accrued interest on
the Notes.

                                  ARTICLE VII

                                INSOLVENCY EVENTS

         Section 7.01 Rights Upon the Occurrence of an Insolvency Event. If (A)
the Transferor shall file a petition or commence a proceeding (I) to take
advantage of any bankruptcy, conservatorship, receivership, insolvency, or
similar laws or (II) for the appointment of a trustee, conservator, receiver,
liquidator, or similar official for or relating to the Transferor or all or
substantially all of its property, (B) the Transferor shall consent or fail to
object to any such petition filed or proceeding commenced against or with
respect to it or all or substantially all of its property, or any such petition
or proceeding shall not have been dismissed or stayed within sixty (60) days of
its filing or commencement, or a court, agency, or other supervisory authority
with jurisdiction shall have decreed or ordered relief with respect to any such
petition or proceeding, (C) the Transferor shall admit in writing its inability
to pay its debts generally as they become due, (D) the Transferor shall make an
assignment for the benefit of its creditors, or (E) the Transferor shall
voluntarily suspend payment of its obligations (each, an "Insolvency Event"),
the Transferor shall on the day of such Insolvency Event (the "Appointment
Date") immediately cease to increase the Invested Amount of the COMT Collateral
Certificate and shall promptly give notice to the Owner Trustee and the
Indenture Trustee of such Insolvency Event.

                                       17

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                                  ARTICLE VIII

                                   TERMINATION

         Section 8.01 Termination of Agreement. This Agreement and the
respective obligations and responsibilities of the Trust, the Transferor, the
Administrator and the Indenture Trustee under this Agreement shall terminate on
the earlier of (a) the date on which the Trust Agreement terminates pursuant to
the terms set forth therein and (b) the date specified in writing by the
Transferor to the Owner Trustee and the Indenture Trustee following either (i)
the date on which the principal amount of the Notes are paid in full and (ii)
the date which is the last Legal Maturity Date of all Outstanding Notes.

                                   ARTICLE IX

                            MISCELLANEOUS PROVISIONS

         Section 9.01 Amendment.

              (a) This Agreement may be amended from time to time by a written
amendment duly executed and delivered by the Transferor, the Administrator, the
Indenture Trustee and the Issuer, without the consent of any Noteholders, upon
the delivery of a Master Trust Tax Opinion and an Issuer Tax Opinion to the
Indenture Trustee by the Transferor and written confirmation that such amendment
will not have a Ratings Effect; provided, however, that the Transferor shall
deliver to the Indenture Trustee and the Owner Trustee an Officer's Certificate
of the Transferor to the effect that the Transferor reasonably believes that
such amendment will not have an Adverse Effect and is not reasonably expected to
have an Adverse Effect at any time in the future.

              (b) This Agreement may also be amended from time to time by a
written instrument duly executed and delivered by the Transferor, the
Administrator, the Indenture Trustee and the Issuer, with prior written notice
to each Note Rating Agency, upon the delivery of a Master Trust Tax Opinion and
an Issuer Tax Opinion to the Indenture Trustee by the Transferor and with the
consent of holders of not less than 662/3% of the Outstanding Dollar Principal
Amount (as defined in the Indenture) of each series, class and tranche of Notes
affected by such change; provided, however, that, without the consent of the
holders of all of the Notes then Outstanding, no such amendment shall (a)
increase or reduce in any manner the amount of, or accelerate or delay the
timing of, collections of payments in respect of the Collateral or distributions
that are required to be made for the benefit of the Noteholders or (b) reduce
the aforesaid percentage of the Outstanding Dollar Principal Amount (as defined
in the Indenture) of the Notes, the holders of which are required to consent to
any such amendment.

              (c) Promptly after the execution of any such amendment or consent,
the Transferor shall furnish written notification of the substance of such
amendment or consent to the Indenture Trustee and each Note Rating Agency.

              (d) It shall not be necessary for the consent of the Noteholders
pursuant to this Section to approve the particular form of any proposed
amendment or consent, but it shall be sufficient if such consent shall approve
the substance thereof. The manner of obtaining such

                                       18

<PAGE>

consents and of evidencing the authorization of the execution thereof by
Noteholders shall be subject to such reasonable requirements as the Indenture
Trustee may prescribe.

              (e) Any Indenture Supplement executed in accordance with the
provisions of Article IX of the Indenture shall not be considered an amendment
of this Agreement for the purposes of this Section 9.01.

         Section 9.02 Fees Payable by the Transferor. Notwithstanding anything
contained in any other Transaction Document (unless such document specifically
refers to this Section), the Transferor shall pay out of its own funds, without
reimbursement, all expenses, fees and disbursements of the Owner Trustee (as
such and in its individual capacity), the Administrator and the Indenture
Trustee (including, in each case, the reasonable fees and expenses of its
outside counsel) and independent accountants and all other fees and expenses
relating to the Trust, including the costs of filing UCC continuation
statements, the costs and expenses relating to obtaining and maintaining the
listing of any Notes on any stock exchange, the costs and expenses relating to
maintaining Issuer Accounts, and any stamp, documentary, excise, property
(whether on real, personal or intangible property) or any similar tax levied on
the Trust or the Trust's assets that are not expressly stated in this Agreement
to be payable by the Trust (other than federal, state, local and foreign income
and franchise taxes, if any, or any interest or penalties with respect thereto,
assessed on the Trust, which shall be paid by the Trust).

         Section 9.03 Notices. (a) All demands, notices and communications upon
or to the Transferor, the Issuer, the Owner Trustee, the Indenture Trustee, or
any Note Rating Agency under this Agreement shall be in writing, personally
delivered, mailed by certified mail, return receipt requested, or sent by
facsimile transmission, and shall be deemed to have been duly given upon receipt
(a) in the case of the Transferor, to Capital One Funding, LLC, [address], (b)
in the case of the Administrator, to Capital One Bank, in care of Capital One
Services, Inc., 8000 Jones Branch Drive, McLean, Virginia 22102, Attention of
General Counsel, with a copy to Director of Securitization, (c) in the case of
the Indenture Trustee, to The Bank of New York, 101 Barclay Street, Floor 8
West, New York, New York 10286, Attention: Asset Backed Securities Unit, (d) in
the case of the Issuer, to the Capital One Multi-asset Execution Trust, c/o
Deutsche Bank Trust Company Delaware, E.A. Delle Donne Corporate Center, 1011
Centre Road, Wilmington, DE 19805-1266 with a copy to Deutsche Bank Trust
Company Americas, c/o DB Services New Jersey Inc., 100 Plaza One, Mail Stop:
JC408-0606, Jersey City, NJ 11311 or, as to each of the foregoing, at such other
address as shall be designated by written notice to the other parties. All
demands, notices and communications directed to the Issuer shall be directed to
a Responsible Officer of the Owner Trustee and the Administrator.

              (b) Any Notice required or permitted to be given to a Holder of
Registered Notes shall be given by first-class mail, postage prepaid, at the
address of such Holder as shown in the Note Register. No Notice shall be
required to be mailed to a Holder of Bearer Notes but shall be given as provided
in the related Indenture Supplement. Any Notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to have been duly
given, whether or not the Noteholder receives such Notice.

         Section 9.04 Assignment. Notwithstanding anything to the contrary
contained herein, except as provided in Section 5.02 of this Agreement, this
Agreement may not be assigned by the Transferor.

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<PAGE>

      Section 9.05 Limitations on Rights of Others. The provisions of this
Agreement are solely for the benefit of the Transferor, the Issuer, the Owner
Trustee, the Indenture Trustee, the Administrator and the Noteholders, and
nothing in this Agreement, whether express or implied, shall be construed to
give to any other Person any legal or equitable right, remedy or claim in the
COMT Collateral Certificate or under or in respect of this Agreement or any
covenants, conditions or provisions contained herein.

      Section 9.06 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

      Section 9.07 Separate Counterparts. This Agreement may be executed by the
parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.

      Section 9.08 Headings. The headings of the various Articles and Sections
herein are for convenience of reference only and shall not define or limit any
of the terms or provisions hereof.

      Section 9.09 GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS.

      Section 9.10 Nonpetition Covenants.

           (a) Notwithstanding any prior termination of this Agreement, none of
the Transferor, the Administrator, the Owner Trustee or the Indenture Trustee
shall at any time with respect to the Issuer acquiesce, petition or otherwise
invoke or cause the Issuer to invoke the process of any court or governmental
authority for the purpose of commencing or sustaining a case against the Issuer
under any federal or state bankruptcy, insolvency or other similar law now or
hereafter in effect or appointing a receiver, conservator, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of the Issuer or any
substantial part of its property, or ordering the winding up or liquidation of
the affairs of the Issuer; provided, however, that this subsection 9.10(a) shall
not operate to preclude any remedy described in Article VII of the Indenture.

           (b) Notwithstanding any prior termination of this Agreement, none of
the Trust, the Administrator, the Owner Trustee or the Indenture Trustee shall
at any time with respect to the Transferor acquiesce, petition or otherwise
invoke or cause the Transferor to invoke the process of any court or
governmental authority for the purpose of commencing or sustaining a case
against the Transferor under any federal or state bankruptcy, insolvency or
other similar law now or hereafter in effect or appointing a receiver,
conservator, liquidator, assignee, trustee, custodian, sequestrator or other
similar official of the Transferor or any substantial part of its property, or
ordering the winding up or liquidation of the affairs of the Transferor;
provided, however, that this subsection 9.10(b) shall not operate to preclude
any remedy described in Article VII of the Indenture.

           (c) Notwithstanding any prior termination of this Agreement, none of
the Transferor, the Trust, the Administrator, the Owner Trustee or the Indenture
Trustee shall at any

                                       20

<PAGE>

time with respect to the Master Trust acquiesce, petition or otherwise invoke or
cause the Master Trust to invoke the process of any court or governmental
authority for the purpose of commencing or sustaining a case against the Master
Trust under any federal or state bankruptcy, insolvency or other similar law now
or hereafter in effect or appointing a receiver, conservator, liquidator,
assignee, trustee, custodian, sequestrator or other similar official of the
Master Trust or any substantial part of its property, or ordering the winding up
or liquidation of the affairs of the Master Trust; provided, however, that this
subsection 9.10(c) shall not operate to preclude any remedy described in Article
VII of the Indenture.

      Section 9.11 Relation to the Trust Agreement. This Agreement is one of the
Transfer and Administration Agreements (as such term is defined in the Trust
Agreement) referred to in the Trust Agreement.

      Section 9.12 Integration of Documents. This Agreement, together with the
Trust Agreement, constitutes the entire agreement of the parties hereto and
thereto with respect to the subject matter hereof and thereof and supersedes all
prior agreements relating to the subject matter hereof and thereof.

      Section 9.13 No Waiver; Cumulative Remedies. No failure to exercise and no
delay in exercising, on the part of the Trust, the Owner Trustee, the Indenture
Trustee, the Transferor or the Administrator, any right, remedy, power or
privilege under this Agreement shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, remedy, power or privilege under this
Agreement preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and
privileges provided under this Agreement are cumulative and not exhaustive of
any rights, remedies, powers and privileges provided by law.

      Section 9.14 Limitation of Liability. It is expressly understood and
agreed by the parties hereto that (i) this Transfer and Administration Agreement
is executed and delivered by the Owner Trustee not individually or personally
but solely as Owner Trustee, in the exercise of the powers and authority
conferred and vested in it, (ii) each of the representations, undertakings and
agreements herein made on the part of the Issuer is made and intended not as a
personal representation, undertaking or agreement by the Owner Trustee but is
made and intended for the purpose of binding only the Issuer, (iii) nothing
herein contained will be construed as creating any liability on the Owner
Trustee individually or personally, to perform any covenant of the Issuer either
expressed or implied contained herein, all such liability, if any, being
expressly waived by the parties to this Indenture and by any Person claiming by,
through or under them and (iv) under no circumstances will the Owner Trustee be
personally liable for the payment of any indebtedness or expenses of the Issuer
or be liable for the breach or failure of any obligation, representation,
warranty or covenant made or undertaken by the Issuer under this Transfer and
Administration Agreement or any related documents.

      Section 9.15 Acknowledgement and Acceptance of Indenture. Capital One
Bank, as Administrator, by its signature hereto, acknowledges and accepts the
Indenture.

                           [Signature Page to Follow]

                                       21

<PAGE>

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

                             CAPITAL ONE MULTI-ASSET EXECUTION
                                 TRUST, as Issuer

                             By:  DEUTSCHE BANK TRUST COMPANY,
                                  DELAWARE, not in its individual capacity but
                                  solely as Owner Trustee on behalf of the Trust

                             By:  ___________________________________________
                                  Name:
                                  Title:

                             CAPITAL ONE FUNDING, LLC,
                                  as Transferor

                             By:  ___________________________________________
                                  Name:
                                  Title:

                             CAPITAL ONE BANK,
                                  as Administrator

                             By:  ___________________________________________
                                  Name:
                                  Title:

                             THE BANK OF NEW YORK,
                                  as Indenture Trustee and not in its individual
                                  capacity

                             By:  ___________________________________________
                                  Name:
                                  Title:

              [Signature Page to Transfer and Servicing Agreement]Prepared by R.R. Donnelley Financial -- 2000 Class A Equity Incentive Plan as amended

 EXHIBIT 4.01 
  
 REGISTRANT’S 2000 CLASS A EQUITY INCENTIVE PLAN AS AMENDED 
  
 ELECTRONIC ARTS INC.

  
 2000 CLASS A EQUITY INCENTIVE PLAN 
  
 As Adopted by the Board of Directors on January 27, 2000 
 As approved by the
Stockholders on March 22, 2000 
 As Amended by the Stockholders August 1, 2001 
 As amended by the Board on February 6, 2002 
 As Amended by the Stockholders August 1, 2002 
  
 1.    PURPOSE.    The purpose of this Plan is to provide incentives to attract, retain and
motivate eligible persons whose present and potential contributions are important to the success of the Company, its Parent and Subsidiaries by offering them an opportunity to participate in the Company’s future performance through awards of
Options and Restricted Stock. Capitalized terms not defined in the text are defined in Section 22. 
  
 2.    SHARES SUBJECT TO THE PLAN. 
  
 2.1    
Number of Shares Available.    Subject to Sections 2.2 and 17, the total number of Shares reserved and available for grant and issuance pursuant to this Plan will be 17,700,000 Shares plus Shares that are subject to: (a)
issuance upon exercise of an Option but cease to be subject to such Option for any reason other than exercise of such Option; (b) an Award granted hereunder but are forfeited or are repurchased by the Company at the original issue price; and (c) an
Award that otherwise terminates without Shares being issued. At all times the Company shall reserve and keep available a sufficient number of Shares as shall be required to satisfy the requirements of all outstanding Options granted under this Plan
and all other outstanding but unvested Awards granted under this Plan. 
  
 2.2    Adjustment
of Shares.    In the event that the number of outstanding shares is changed by a stock dividend, recapitalization, stock split, reverse stock split, subdivision, combination, reclassification or similar change in the capital
structure of the Company without consideration, then (a) the number of Shares reserved for issuance under this Plan, (b) the number of Shares that may be granted pursuant to Sections 3 and 8 below, (c) the Exercise Prices of and number of Shares
subject to outstanding Options, and (d) the number of Shares subject to other outstanding Awards will be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and compliance with applicable
securities laws; provided, however, that fractions of a Share will not be issued but will either be replaced by a cash payment equal to the Fair Market Value of such fraction of a Share or will be rounded up to the nearest whole Share,
as determined by the Committee. 
  
 3.    ELIGIBILITY.    ISOs (as
defined in Section 5 below) may be granted only to employees (including officers and directors who are also employees) of the Company or of a Parent or Subsidiary of the Company. All other Awards may be granted to employees and directors of the
Company or any Parent or Subsidiary of the Company. No person will be eligible to receive more than 350,000 Shares in any calendar year under this Plan pursuant to the grant of Awards hereunder, other than new employees of the Company or of a Parent
or Subsidiary of the Company (including new employees who are also officers and directors of the Company or any Parent or Subsidiary of the Company), who are eligible to receive up to a maximum of 700,000 Shares in the calendar year in which they
commence their employment. A person may be granted more than one Award under this Plan. 
  
 4.    ADMINISTRATION. 
  
 4.1    Committee
Authority.    This Plan will be administered by the Committee or by the Board acting as the Committee. Except for automatic grants to Outside Directors pursuant to Section 8 hereof, and subject to the general purposes, terms
and conditions of this Plan, and to the direction of the Board, the Committee will have full power to implement and carry out this Plan. Except for automatic grants to Outside Directors pursuant to Section 8 hereof, the Committee will have the
authority to: 

	 	(a)
	 
	construe and interpret this Plan, any Award Agreement and any other agreement or document executed pursuant to this Plan; 
 

 

	 	(b)
	 
	prescribe, amend and rescind rules and regulations relating to this Plan or any Award; 
 

  

	 	(c)
	 
	select persons to receive Awards; 
 

  

	 	(d)
	 
	determine the form and terms of Awards; 
 

  

	 	(e)
	 
	determine the number of Shares or other consideration subject to Awards; 
 

  

	 	(f)
	 
	determine whether Awards will be granted singly, in combination with, in tandem with, in replacement of, or as alternatives to, other Awards under this Plan or
any other incentive or compensation plan of the Company or any Parent or Subsidiary of the Company; 
 

  

	 	(g)
	 
	grant waivers of Plan or Award conditions; 
 

  

	 	(h)
	 
	determine the vesting, exercisability and payment of Awards; 
 

  

	 	(i)
	 
	correct any defect, supply any omission or reconcile any inconsistency in this Plan, any Award or any Award Agreement; 
 

 

	 	(j)
	 
	determine whether an Award has been earned; and 
 

  

	 	(k)
	 
	make all other determinations necessary or advisable for the administration of this Plan. 
 

  
 4.2    Committee Discretion.    Except for automatic grants to Outside Directors pursuant
to Section 8 hereof, any determination made by the Committee with respect to any Award will be made in its sole discretion at the time of grant of the Award or, unless in contravention of any express term of this Plan or Award, at any later time,
and such determination will be final and binding on the Company and on all persons having an interest in any Award under this Plan. The Committee may delegate to one or more officers of the Company the authority to grant an Award under this Plan to
Participants who are not Insiders of the Company. 
  
 5.    OPTIONS.    The Committee may grant Options to eligible persons and will determine whether such Options will be Incentive Stock Options within the meaning of the Code
(“ISO”) or Nonqualified Stock Options (“NQSOs”), the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may be exercised, and all other terms
and conditions of the Option, subject to the following: 
  
 5.1    Form of Option
Grant.    Each Option granted under this Plan will be evidenced by an Award Agreement which will expressly identify the Option as an ISO or an NQSO (“Stock OptionAgreement”), and, except as otherwise
required by the terms of Section 8 hereof, will be in such form and contain such provisions (which need not be the same for each Participant) as the Committee may from time to time approve, and which will comply with and be subject to the terms and
conditions of this Plan. 
  
 5.2    Date of Grant.    The date of
grant of an Option will be the date on which the Committee makes the determination to grant such Option, unless otherwise specified by the Committee. The Stock Option Agreement and a copy of this Plan will be delivered to the Participant within a
reasonable time after the granting of the Option. 
  
 5.3    Exercise
Period.    Options may be exercisable within the times or upon the events determined by the Committee as set forth in the Stock Option Agreement governing such Option; provided, however, that no Option will be
exercisable after the expiration of ten (10) years from the date the Option is granted; and provided further that no ISO granted to a person who directly or by attribution owns more than ten percent (10%) of the total combined voting
power of all classes of stock of the Company or of any Parent or Subsidiary of the Company (“TenPercentStockholder”) will be exercisable after the expiration of five (5) years from the date the ISO is granted. The Committee
also may provide for Options to become exercisable at one time or from time to time, periodically or otherwise, in such number of Shares or percentage of Shares as the Committee determines. 

 5.4    Exercise Price.    The Exercise Price of an Option will be
determined by the Committee when the Option is granted and may be not less than 85% of the Fair Market Value of the Shares on the date of grant; provided that: (i) the Exercise Price of an ISO will be not less than 100% of the Fair Market Value of
the Shares on the date of grant; and (ii) the Exercise Price of any ISO granted to a Ten Percent Stockholder will not be less than 110% of the Fair Market Value of the Shares on the date of grant. Payment for the Shares purchased may be made in
accordance with Section 7 of this Plan. 
  
 5.5    Method of
Exercise.    Options may be exercised only by delivery to the Company of a written stock option exercise agreement (the “ExerciseAgreement”) in a form approved by the Committee (which need not be the
same for each Participant), stating the number of Shares being purchased, the restrictions imposed on the Shares purchased under such Exercise Agreement, if any, and such representations and agreements regarding Participant’s investment intent
and access to information and other matters, if any, as may be required or desirable by the Company to comply with applicable securities laws, together with payment in full of the Exercise Price for the number of Shares being purchased.

  
 5.6    Termination.    Notwithstanding the exercise periods set
forth in the Stock Option Agreement, exercise of an Option will always be subject to the following: 
  

	 	(a)
	 
	If the Participant is Terminated for any reason except death or Disability, then the Participant may exercise such Participant’s Options only to the extent
that such Options would have been exercisable upon the Termination Date no later than three (3) months after the Termination Date (or such shorter or longer time period not exceeding five (5) years as may be determined by the Committee, with any
exercise beyond three (3) months after the Termination Date deemed to be an NQSO), but in any event, no later than the expiration date of the Options. 
 

  

	 	(b)
	 
	If the Participant is Terminated because of Participant’s death or Disability (or the Participant dies within three (3) months after a Termination other
than for Cause or because of Participant’s Disability), then Participant’s Options may be exercised only to the extent that such Options would have been exercisable by Participant on the Termination Date and must be exercised by
Participant (or Participant’s legal representative or authorized assignee) no later than twelve (12) months after the Termination Date (or such shorter or longer time period not exceeding five (5) years as may be determined by the Committee,
with any such exercise beyond (a) three (3) months after the Termination Date when the Termination is for any reason other than the Participant’s death or Disability, or (b) twelve (12) months after the Termination Date when the Termination is
for Participant’s death or Disability, deemed to be an NQSO), but in any event no later than the expiration date of the Options. 
 

  

	 	(c)
	 
	Notwithstanding the provisions in paragraph 5.6(a) above, if a Participant is terminated for Cause, neither the Participant, the Participant’s estate nor
such other person who may then hold the Option shall be entitled to exercise any Option with respect to any Shares whatsoever, after termination of service, whether or not after termination of service the Participant may receive payment from the
Company or Subsidiary for vacation pay, for services rendered prior to termination, for services rendered for the day on which termination occurs, for salary in lieu of notice, or for any other benefits. In making such determination, the Board shall
give the Participant an opportunity to present to the Board evidence on his behalf. For the purpose of this paragraph, termination of service shall be deemed to occur on the date when the Company dispatches notice or advice to the Participant that
his service is terminated. 
 

  
 5.7    Limitations on
Exercise.    The Committee may specify a reasonable minimum number of Shares that may be purchased on any exercise of an Option, provided that such minimum number will not prevent Participant from exercising the Option for
the full number of Shares for which it is then exercisable. 
  
 5.8    Limitations on
ISO.    The aggregate Fair Market Value (determined as of the date of grant) of Shares with respect to which ISO are exercisable for the first time by a Participant during any calendar year (under this Plan or under any other
incentive stock option plan of the Company, Parent or Subsidiary of the Company) will not exceed $100,000. If the Fair Market Value of Shares on the date of grant with respect to which ISO are exercisable for the first time by a Participant during
any calendar year exceeds $100,000, then the 

 Options for the first $100,000 worth of Shares to become exercisable in such calendar year will be ISO and the Options
for the amount in excess of $100,000 that become exercisable in that calendar year will be NQSOs. In the event that the Code or the regulations promulgated thereunder are amended after the Effective Date of this Plan to provide for a different limit
on the Fair Market Value of Shares permitted to be subject to ISO, such different limit will be automatically incorporated herein and will apply to any Options granted after the effective date of such amendment. 
  
 5.9    Modification, Extension or Renewal.    The Committee may modify, extend or renew
outstanding Options and authorize the grant of new Options, provided however, that (i) any such action may not, without the written consent of a Participant, impair any of such Participant’s rights under any Option previously granted and (ii)
the Committee may not reduce the Exercise Price of outstanding Options without the approval of the stockholders. Any outstanding ISO that is modified, extended, renewed or otherwise altered will be treated in accordance with Section 424(h) of the
Code. 
  
 5.10    No Disqualification.    Notwithstanding any other
provision in this Plan, no term of this Plan relating to ISO will be interpreted, amended or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify this Plan under Section 422 of the Code or, without
the consent of the Participant affected, to disqualify any ISO under Section 422 of the Code. 
  
 6.    RESTRICTED STOCK.    A Restricted Stock Award is an offer by the Company to sell to an eligible person Shares that are subject to restrictions. The Committee will determine to whom
an offer will be made, the number of Shares the person may purchase, the price to be paid (the “PurchasePrice”), the restrictions to which the Shares will be subject, and all other terms and conditions of the Restricted Stock
Award, subject to the following: 
  
 6.1    Form of Restricted Stock
Award.    All purchases under a Restricted Stock Award made pursuant to this Plan will be evidenced by an Award Agreement (“Restricted StockPurchaseAgreement”) that will be in such form (which need not
be the same for each Participant) as the Committee will from time to time approve, and will comply with and be subject to the terms and conditions of this Plan. The offer of Restricted Stock will be accepted by the Participant’s execution and
delivery of the Restricted Stock Purchase Agreement and full payment for the Shares to the Company within thirty (30) days from the date the Restricted Stock Purchase Agreement is delivered to the person. If such person does not execute and deliver
the Restricted Stock Purchase Agreement along with full payment for the Shares to the Company within thirty (30) days, then the offer will terminate, unless otherwise determined by the Committee. 
  

6.2    Purchase Price.    The Purchase Price of Shares sold pursuant to a Restricted Stock Award will be determined by
the Committee on the date the Restricted Stock Award is granted, except in the case of a sale to a Ten Percent Stockholder, in which case the Purchase Price will be 100% of the Fair Market Value. Payment of the Purchase Price may be made in
accordance with Section 7 of this Plan. 
  
 6.3    Terms of Restricted Stock
Awards.    Restricted Stock Awards shall be subject to such restrictions as the Committee may impose. These restrictions may be based upon completion of a specified number of years of service with the Company or upon
completion of the performance goals as set out in advance in the Participant’s individual Restricted Stock Purchase Agreement. Restricted Stock Awards may vary from Participant to Participant and between groups of Participants. Prior to the
grant of a Restricted Stock Award, the Committee shall: (a) determine the nature, length and starting date of any Performance Period for the Restricted Stock Award; (b) select from among the Performance Factors to be used to measure performance
goals, if any; and (c) determine the number of Shares that may be awarded to the Participant. Prior to the payment of any Restricted Stock Award, the Committee shall determine the extent to which such Restricted Stock Award has been earned.
Performance Periods may overlap and Participants may participate simultaneously with respect to Restricted Stock Awards that are subject to different Performance Periods and having different performance goals and other criteria. 

 
 6.4    Termination During Performance Period.    If a Participant is Terminated
during a Performance Period for any reason, then such Participant will be entitled to payment (whether in Shares, cash or otherwise) with respect to the Restricted Stock Award only to the extent earned as of the date of Termination in accordance
with the Restricted Stock Purchase Agreement, unless the Committee will determine otherwise. 

  
 7.    PAYMENT FOR SHARE PURCHASES. 

 
 7.1    Payment.    Payment for Shares purchased pursuant to this Plan may be
made in cash (by check) or, where expressly approved for the Participant by the Committee and where permitted by law: 
  

	 	(a)
	 
	by cancellation of indebtedness of the Company to the Participant; 
 

  

	 	(b)
	 
	by surrender of shares that either: (1) have been owned by Participant for more than six (6) months and have been paid for within the meaning of SEC Rule 144
(and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by Participant in the public market; 
 

  

	 	(c)
	 
	by tender of a full recourse promissory note having such terms as may be approved by the Committee and bearing interest at a rate sufficient to avoid imputation
of income under Sections 483 and 1274 of the Code; 
 

  

	 	(d)
	 
	by waiver of compensation due or accrued to the Participant for services rendered; 
 

  

	 	(e)
	 
	with respect only to purchases upon exercise of an Option, and provided that a public market for the Company’s stock exists: 

  

	 	(1)
	 
	through a “same day sale” commitment from the Participant and a broker-dealer that is a member of the National Association of Securities Dealers (an
“NASD Dealer”) whereby the Participant irrevocably elects to exercise the Option and to sell a portion of the Shares so purchased to pay for the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of
such Shares to forward the Exercise Price directly to the Company; or 
 

  

	 	(2)
	 
	through a “margin” commitment from the Participant and a NASD Dealer whereby the Participant irrevocably elects to exercise the Option and to pledge
the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price
directly to the Company; or 
 

  

	 	(f)
	 
	by any combination of the foregoing. 
 

  
 7.2    Loan Guarantees.    The Committee may help the Participant pay for Shares purchased under this Plan by authorizing a guarantee by the Company of a
third-party loan to the Participant. 
  
 8.    AUTOMATIC GRANTS TO OUTSIDE DIRECTORS.

  
 8.1    Types of Options and Shares.    Options granted under
this Plan and subject to this Section 8 shall be NQSOs. 
  
 8.2    Eligibility.    Options subject to this Section 8 shall be granted only to Outside Directors. Outside Directors shall also be eligible to receive option grants pursuant to Section
5 hereof at such times and on such conditions as determined by the Committee. 
  
 8.3    Initial Grant.    Each Outside Director who first becomes a member of the Board on or after the Effective Date will automatically be granted an Option for 25,000 Shares (an
“Initial Grant”) on the date such Outside Director first becomes a member of the Board. 
  
 8.4    Succeeding Grants.    Upon re-election to the Board at each Annual Meeting of Stockholders, each Outside Director will     automatically be granted an Option
for 8,000 Shares (a “Succeeding Grant”); provided, however, that any such Outside Director who received an Initial Grant since the last Annual Meeting of Stockholders will receive a prorated Succeeding Grant to purchase a
number of shares equal to 8,000 multiplied by a fraction whose numerator is the number of calendar months or portions thereof that the Outside Director has served since the date of the Initial Grant and whose denominator is twelve. 

  
 8.5    Vesting.    The date an
Outside Director receives an Initial Grant or a Succeeding Grant is referred to in this Plan as the “Start Date” for such Option. 
  

	 	(a)
	 
	Initial Grants.    Each Initial Grant will vest as to 2% of the Shares on the Start Date for such Initial Grant, and as to an
additional 2% of the Shares on the first day of each calendar month after the Start Date, so long as the Outside Director continuously remains a director of the Company. 
 

  

	 	(b)
	 
	Succeeding Grants.    Each Succeeding Grant will vest as to 2% of the Shares on the Start Date for such Succeeding Grant, and as to
an additional 2% of the Shares on the first day of each calendar month after the Start Date, so long as the Outside Director continuously remains a director of the Company. 
 

  

Notwithstanding any provision to the contrary, in the event of a corporate transaction described in Section 17.1, the vesting of all options granted to Outside
Directors pursuant to this Section 8 will accelerate and such options will become exercisable in full prior to the consummation of such event at such times and on such conditions as the Committee determines, and must be exercised, if at all, within
three months of the consummation of said event. Any options not exercised within such three-month period shall expire. 
  
 8.6    Exercise Price.    The exercise price of an Option pursuant to an Initial Grant or Succeeding Grant shall be the Fair Market Value of the Shares at the time that the Option is
granted. 
  
 8.7    Deferral of Cash Compensation.    Each Outside
Director may elect to reduce all or part of the cash compensation otherwise payable for services to be rendered by him as a director (including the annual retainer and any fees payable for serving on the Board or a Committee of the Board) and to
receive in lieu thereof Shares. Any such election shall be in writing and must be made before the services are rendered giving rise to such compensation, and may not be revoked or changed thereafter during the Outside Director’s term. On such
election, the cash compensation otherwise payable will be increased by 10% for purposes of determining the number of Shares to be credited to such Outside Director. 
  
 If an Outside Director so elects to defer, there shall be credited to such Outside Director a number of Shares equal to the amount of the deferral (increased by 10% as
described in the preceding sentence) divided by the fair market value as determined by the closing price on the Nasdaq National Market on the day in which the compensation would have been paid in the absence of a deferral election. 

 
 9.    WITHHOLDING TAXES. 
  
 9.1    Withholding Generally.    Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the
Company may require the Participant to remit to the Company an amount sufficient to satisfy federal, state and local withholding tax requirements prior to the delivery of any certificate or certificates for such Shares. Whenever, under this Plan,
payments in satisfaction of Awards are to be made in cash, such payment will be net of an amount sufficient to satisfy federal, state, and local withholding tax requirements. 
  
 9.2    Stock Withholding.    When, under applicable tax laws, a Participant incurs tax liability in connection with the
exercise or vesting of any Award that is subject to tax withholding and the Participant is obligated to pay the Company the amount required to be withheld, the Committee may in its sole discretion allow the Participant to satisfy the minimum
withholding tax obligation by electing to have the Company withhold from the Shares to be issued that number of Shares having a Fair Market Value equal to the minimum amount required to be withheld, determined on the date that the amount of tax to
be withheld is to be determined. All elections by a Participant to have Shares withheld for this purpose will be made in accordance with the requirements established by the Committee and be in writing in a form acceptable to the Committee.

  
 10.    TRANSFERABILITY. 
  
 10.1    Except as otherwise provided in this Section 10, Awards granted under this Plan, and any interest therein, will not be transferable or
assignable by Participant, and may not be made subject to execution, attachment or similar process, otherwise than by will or by the laws of descent and distribution or as determined by the Committee and set forth in the Award Agreement with respect
to Awards that are not ISOs. 
  
 10.2    All Awards other than NQSO’s. All Awards
other than NQSO’s shall be exercisable: (i) during the Participant’s lifetime, only by (A) the Participant, or (B) the Participant’s guardian or legal representative; and (ii) after Participant’s death, by the legal
representative of the Participant’s heirs or legatees. 

  
 10.3    NQSOs.    Unless otherwise
restricted by the Committee, an NQSO shall be exercisable: (i) during the Participant’s lifetime only by (A) the Participant, (B) the Participant’s guardian or legal representative, (C) a Family Member of the Participant who has acquired
the NQSO by “permitted transfer;” and (ii) after Participant’s death, by the legal representative of the Participant’s heirs or legatees. “Permitted transfer” means, as authorized by this Plan and the Committee in a
Stock Option Agreement, any transfer effected by the Participant during the Participant’s lifetime of an interest in such NQSO but only such transfers which are by gift or domestic relations order. A permitted transfer does not include any
transfer for value and neither of the following are transfers for value: (a) a transfer under a domestic relations order in settlement of marital property rights or (b) a transfer to an entity in which more than fifty percent of the voting interests
are owned by Family Members or the Participant in exchange for an interest in that entity. 
  
 11.    PRIVILEGES OF STOCK OWNERSHIP; RESTRICTIONS ON SHARES. 
  
 11.1    Voting and Dividends.    No Participant will have any of the rights of a stockholder with respect to any Shares until the Shares are issued to the Participant. After Shares are
issued to the Participant, the Participant will be a stockholder and have all the rights of a stockholder with respect to such Shares, including the right to vote and receive all dividends or other distributions made or paid with respect to such
Shares; provided, that if such Shares are Restricted Stock, then any new, additional or different securities the Participant may become entitled to receive with respect to such Shares by virtue of a stock dividend, stock split or any other
change in the corporate or capital structure of the Company will be subject to the same restrictions as the Restricted Stock; provided, further, that the Participant will have no right to retain such stock dividends or stock distributions
with respect to Shares that are repurchased at the Participant’s Purchase Price or Exercise Price pursuant to Section 11.3. 
  
 11.2    Financial Statements.    The Company will provide financial statements to each Participant prior to such Participant’s purchase of Shares under this Plan, and to each
Participant annually during the period such Participant has Awards outstanding; provided, however, the Company will not be required to provide such financial statements to Participants whose services in connection with the Company assure them
access to equivalent information. 
  
 11.3    Restrictions on
Shares.    At the discretion of the Committee, the Company may reserve to itself and/or its assignee(s) in the Award Agreement a right to repurchase a portion of or all Unvested Shares held by a Participant following such
Participant’s Termination at any time within ninety (90) days after the later of Participant’s Termination Date and the date Participant purchases Shares under this Plan, for cash and/or cancellation of purchase money indebtedness, at the
Participant’s Exercise Price or Purchase Price, as the case may be. 
  
 12.    CERTIFICATES.    All certificates for Shares or other securities delivered under this Plan will be subject to such stock transfer orders, legends and other restrictions as the
Committee may deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and other requirements of the SEC or any stock exchange or automated quotation system upon
which the Shares may be listed or quoted. 
  
 13.    ESCROW; PLEDGE OF
SHARES.    To enforce any restrictions on a Participant’s Shares, the Committee may require the Participant to deposit all certificates representing Shares, together with stock powers or other instruments of transfer
approved by the Committee, appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such
restrictions to be placed on the certificates. Any Participant who is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under this Plan will be required to pledge and deposit with the Company all or
part of the Shares so purchased as collateral to secure the payment of Participant’s obligation to the Company under the promissory note; provided, however, that the Committee may require or accept other or additional forms of collateral
to secure the payment of such obligation and, in any event, the Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the Participant’s Shares or other collateral. In connection with any
pledge of the Shares, Participant will be required to execute and deliver a written pledge agreement in such form as the Committee will from time to time approve. The Shares purchased with the promissory note may be released from the pledge on a pro
rata basis as the promissory note is paid. 
  
 14.    EXCHANGE AND BUYOUT OF
AWARDS.    The Committee may, at any time or from time to time, authorize the Company, with the consent of the respective Participants, to issue new Awards in exchange for 

 the surrender and cancellation of any or all outstanding Awards. The Committee may at any time buy from a Participant an Award previously
granted with payment in cash, Shares (including Restricted Stock) or other consideration, based on such terms and conditions as the Committee and the Participant may agree. 
  
 15.    SECURITIES LAW AND OTHER REGULATORY COMPLIANCE.    An Award will not be effective unless such Award is in compliance
with all applicable federal and state securities laws, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation system upon which the Shares may then be listed or quoted, as they are in effect
on the date of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any other provision in this Plan, the Company will have no obligation to issue or deliver certificates for Shares under this Plan prior to: (a)
obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and/or (b) completion of any registration or other qualification of such Shares under any state or federal law or ruling of any governmental
body that the Company determines to be necessary or advisable. The Company will be under no obligation to register the Shares with the SEC or to effect compliance with the registration, qualification or listing requirements of any state securities
laws, stock exchange or automated quotation system, and the Company will have no liability for any inability or failure to do so. 
  
 16.    NO OBLIGATION TO EMPLOY.    Nothing in this Plan or any Award granted under this Plan will confer or be deemed to confer on any Participant any right to continue in the employ of,
or to continue any other relationship with, the Company or any Parent or Subsidiary of the Company or limit in any way the right of the Company or any Parent or Subsidiary of the Company to terminate Participant’s employment or other
relationship at any time, with or without cause. 
  
 17.    CORPORATE TRANSACTIONS.

  
 17.1    Assumption or Replacement of Awards by
Successor.    Except for automatic grants to Outside Directors pursuant to Section 8 hereof, in the event of (a) a dissolution or liquidation of the Company, (b) a merger or consolidation in which the Company is not the
surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the stockholders of the Company
or their relative stock holdings and the Awards granted under this Plan are assumed, converted or replaced by the successor corporation, which assumption will be binding on all Participants), (c) a merger in which the Company is the surviving
corporation but after which the stockholders of the Company immediately prior to such merger (other than any stockholder that merges, or which owns or controls another corporation that merges, with the Company in such merger) cease to own their
shares or other equity interest in the Company, (d) the sale of substantially all of the assets of the Company, or (e) the acquisition, sale, or transfer of more than 50% of the outstanding shares of the Company by tender offer or similar
transaction, any or all outstanding Awards may be assumed, converted or replaced by the successor corporation (if any), which assumption, conversion or replacement will be binding on all Participants. In the alternative, the successor corporation
may substitute equivalent Awards or provide substantially similar consideration to Participants as was provided to stockholders (after taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of
outstanding Shares of the Company held by the Participants, substantially similar shares or other property subject to repurchase restrictions no less favorable to the Participant. In the event such successor corporation (if any) refuses to assume or
substitute Awards, as provided above, pursuant to a transaction described in this Subsection 17.1, such Awards will accelerate and all Options will become exercisable in full prior to the consummation of such transaction at such time and on such
conditions as the Committee will determine, and if such Options are not exercised prior to the consummation of the corporate transaction, they shall terminate at such time as determined by the Committee. 
  
 17.2    Other Treatment of Awards.    Subject to any greater rights granted to Participants
under the foregoing provisions of this Section 17, in the event of the occurrence of any transaction described in Section 17.1, any outstanding Awards will be treated as provided in the applicable agreement or plan of merger, consolidation,
dissolution, liquidation, or sale of assets. 
  
 17.3    Assumption of Awards by the
Company.    The Company, from time to time, also may substitute or assume outstanding awards granted by another company, whether in connection with an acquisition of such other company or otherwise, by either; (a) granting an
Award under this Plan in substitution of such other company’s award; or (b) assuming such award as if it had been granted under this Plan if the terms of such assumed award could be applied to an Award granted under this Plan. Such substitution
or assumption will be permissible if the holder of the substituted or assumed award would have been eligible to be granted an Award 

 
under this Plan if the other company had applied the rules of this Plan to such grant. In the event the Company assumes an award granted by another company, the terms and conditions of such award
will remain unchanged (except that the exercise price and the number and nature of Shares issuable upon exercise of any such option will be adjusted appropriately pursuant to Section 424(a) of the Code). In the event the Company elects to grant a
new Option rather than assuming an existing option, such new Option may be granted with a similarly adjusted Exercise Price. 
  
 18.    ADOPTION AND STOCKHOLDER APPROVAL.    This Plan will become effective on the date that it is adopted by the Board (the “EffectiveDate”). This Plan shall be
approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, within twelve (12) months before or after the date this Plan is adopted by the Board. Upon the Effective Date, the
Committee may grant Awards pursuant to this Plan; provided, however, that: (a) no Option may be exercised prior to initial stockholder approval of this Plan; (b) no Option granted pursuant to an increase in the number of Shares subject
to this Plan approved by the Board will be exercised prior to the time such increase has been approved by the stockholders of the Company; (c) in the event that initial stockholder approval is not obtained within the time period provided herein, all
Awards granted hereunder shall be cancelled, any Shares issued pursuant to any Awards shall be cancelled and any purchase of Shares issued hereunder shall be rescinded; and (d) in the event that stockholder approval of such increase is not obtained
within the time period provided herein, all Awards granted pursuant to such increase will be cancelled, any Shares issued pursuant to any Award granted pursuant to such increase will be cancelled, and any purchase of Shares pursuant to such increase
will be rescinded. 
  
 19.    TERM OF PLAN/GOVERNING LAW.    Unless
earlier terminated as provided herein, this Plan will terminate ten (10) years from the date this Plan is adopted by the Board or, if earlier, the date of stockholder approval. This Plan and all agreements thereunder shall be governed by and
construed in accordance with the laws of the State of California. 
  
 20.    AMENDMENT OR
TERMINATION OF PLAN.    The Board may at any time terminate or amend this Plan in any respect, including without limitation amendment of any form of Award Agreement or instrument to be executed pursuant to this Plan;
provided, however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder approval. 
  
 21.    NONEXCLUSIVITY OF THE PLAN.    Neither the adoption of this Plan by the Board, the submission of this Plan to the
stockholders of the Company for approval, nor any provision of this Plan will be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem desirable, including, without
limitation, the granting of stock options and bonuses otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 
  
 22.    DEFINITIONS.    As used in this Plan, the following terms will have the following meanings: 
  

	 	“Award”
	 
	means any award under this Plan, including any Option or Restricted Stock. 
 

  

	 	“Award
	 
	Agreement” means, with respect to each Award, the signed written agreement between the Company and the Participant setting forth the terms
and conditions of the Award. 
 

  

	 	“Board”
	 
	means the Board of Directors of the Company. 
 

  

	 	“Cause”
	 
	means the commission of an act of theft, embezzlement, fraud, dishonesty or a breach of fiduciary duty to the Company or a Parent or Subsidiary of the Company.

 

  

	 	“Code”
	 
	means the Internal Revenue Code of 1986, as amended. 
 

  

	 	“Committee”
	 
	means the Compensation Committee of the Board. 
 

  

	 	“Company”
	 
	means Electronic Arts Inc. or any successor corporation. 
 

  

	 	“Disability”
	 
	means a disability, whether temporary or permanent, partial or total, as determined by the Committee. 
 

  

	 	“ExchangeAct”
	 
	means the Securities Exchange Act of 1934, as amended. 
 

	 	“ExercisePrice”
	 
	means the price at which a holder of an Option may purchase the Shares issuable upon exercise of the Option. 
 

  

	 	“FairMarketValue”
	 
	means, as of any date, the value of a share of the Company’s Common Stock determined as follows: 
 

  

	 	(a)
	 
	if such Common Stock is then quoted on the Nasdaq National Market, its closing price on the Nasdaq National Market on the date of determination as reported in
The Wall Street Journal; 
 

  

	 	(b)
	 
	if such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination on the principal
national securities exchange on which the Common Stock is listed or admitted to trading as reported in The Wall Street Journal; 
 

  

	 	(c)
	 
	if such Common Stock is publicly traded but is not quoted on the Nasdaq National Market nor listed or admitted to trading on a national securities exchange, the
average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal; or 
 

  

	 	(d)
	 
	if none of the foregoing is applicable, by the Committee in good faith. 
 

  

	 	“Family
	 
	Member” includes any of the following: 
 

  

	 	(a)
	 
	child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law of the Participant, including any such person with such relationship to the Participant by adoption; 
 

  

	 	(b)
	 
	any person (other than a tenant or employee) sharing the Participant’s household; 
 

  

	 	(c)
	 
	a trust in which the persons in (a) and (b) have more than fifty percent of the beneficial interest; 
 

  

	 	(d)
	 
	a foundation in which the persons in (a) and (b) or the Participant control the management of assets; or 
 

  

	 	(e)
	 
	any other entity in which the persons in (a) and (b) or the Participant own more than fifty percent of the voting interest. 
 

 

	 	“Insider”
	 
	means an officer or director of the Company or any other person whose transactions in the Company’s Common Stock are subject to Section 16 of the Exchange
Act. 
 

  

	 	“Option”
	 
	means an award of an option to purchase Shares pursuant to Section 5. 
 

  

	 	“Outside
	 
	Director” means a member of the Board who is not an employee of the Company or any Parent or Subsidiary of the Company. 

  

	 	“Parent”
	 
	means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if each of such corporations other than the Company
owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 

  

	 	“Participant”
	 
	means a person who receives an Award under this Plan. 
 

  

	 	“Performance
	 
	Factors” means the factors selected by the Committee from among the following measures to determine whether the performance goals established
by the Committee and applicable to Awards have been satisfied: 
 

  

	 	(a)
	 
	Net revenue and/or net revenue growth; 
 

  

	 	(b)
	 
	Earnings before income taxes and amortization and/or earnings before income taxes and amortization growth; 
 

  

	 	(c)
	 
	Operating income and/or operating income growth; 
 

  

	 	(d)
	 
	Net income and/or net income growth; 
 

  

	 	(e)
	 
	Earnings per share and/or earnings per share growth; 
 

  

	 	(f)
	 
	Total stockholder return and/or total stockholder return growth; 
 

  

	 	(g)
	 
	Return on equity; 
 

  

	 	(h)
	 
	Operating cash flow return on income; 
 

  

	 	(i)
	 
	Adjusted operating cash flow return on income; 
 

  

	 	(j)
	 
	Economic value added; and 
 

  

	 	(k)
	 
	Individual confidential business objectives. 
 

  
 “Performance Period” means the period of service determined by the Committee, not to exceed five years, during which years of
service or performance is to be measured for Restricted Stock Awards. 
  
 “Plan” means this EA.com 2000 Equity Incentive Plan, as amended from time to time. 
  
 “Restricted Stock Award” means an award of Shares pursuant to Section 6. 
  
 “SEC” means the Securities and Exchange Commission. 
  
 “Securities Act” means the Securities Act of 1933, as amended. 
  
 “Shares” means shares of the Company’s Class A Common Stock reserved for issuance under this Plan, as adjusted pursuant to Sections 2 and 17, and any successor security. 
  
 “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

  
 “Termination” or “Terminated” means, for purposes
of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor, or advisor to the Company or a Parent or Subsidiary of the Company.
An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee, provided, that such leave is for a period of not more than 90 days,
unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In the
case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Subsidiary as it may deem appropriate, except that in no
event may an Option be exercised after the expiration of the term set forth in the Option agreement. The Committee will have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the
Participant ceased to provide services (the “TerminationDate”). 
  
 “Unvested Shares” means “Unvested Shares” as defined in the Award Agreement. 
  
 “Vested Shares” means “Vested Shares” as defined in the Award Agreement. 

  
 2000 CLASS A EQUITY INCENTIVE PLAN 
  
 MARCH 22, 2000 
 As Amended by the Shareholders

 on August 1, 2001 
 As amended by the Board on February 6,
2002 
 As Amended by the Shareholders 
 on August 1, 2002

  
 17,700,000 
 Class A
Common Stock 
 $.01 par value 
  
 Electronic Arts Inc., a Delaware corporation (the “Company”), is offering an aggregate of 17,700,000 shares of its authorized but unissued Class A common stock to the Company’s employees, officers and directors or any
Parent or Subsidiary of the Company pursuant to the terms and conditions of the Company’s 2000 Class A Equity Incentive Plan, (the “Class A Plan”) as described herein. 
  
 THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).

  
 THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY ANY STATE SECURITIES COMMISSION NOR HAS ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 
  
 INTRODUCTION 
  
 This document relates to unexercised options to purchase shares of
Class A common stock of the Company granted or to be granted to the employees, officers and directors of the Company under the Class A Plan. A registration statement with respect to such shares of Class A common stock (the “Registration
Statement”) has been filed with the Securities and Exchange Commission (the “SEC”). 
  
 Additional
information about the Class A Plan and the administrators can be obtained by contacting The Stock Administration Department (650.628.1500). The address of the Company is 209 Redwood Shores Parkway, Redwood City, CA 94065. 

  
 QUESTIONS AND ANSWERS ABOUT THE OPTIONS 
  
 1.    What is the history of the Class A Plan? 
  
 The Class A Plan was adopted by the Company’s Board of Directors on January 27, 2000, was approved by the Company’s stockholders on March 22, 2000 and amended on August 1, 2001 and August 1,
2002. Options may be granted pursuant to the Class A Plan until January, 2010. 
  
 2.    What is the purpose of the
Class A Plan? 
  
 The purpose of the Class A Plan is to provide incentives to attract, retain and motivate
eligible persons whose present and potential contributions are important to the success of the Company, its Parent and Subsidiaries by offering such persons, like yourself, an opportunity to participate in the Company’s future performance
through awards of Options and Restricted Stock. 
  
 3.    Who is eligible to participate? 

 
 Employees, officers and directors of the Company, its parent, if any, and its subsidiaries may receive options under the Class
A Plan. The Company’s Board, in its discretion, determines which eligible individuals will receive options under the Class A Plan. 
  
 4.    What kind of options are there ? 
  
 The Company can grant two kinds
of options: 
  

	 	(a)
	 
	“Nonqualified Stock Options” or “NQSOs,” where you will have to pay tax at the time of exercise on the difference between the exercise price
and the fair market value, and where such difference is taxed at ordinary income rates; and 
 

  

	 	(b)
	 
	“Incentive Stock Options” or “ISOs,” where you may defer paying tax on the difference between the exercise price and the fair market value
from the time of exercise until the stock is sold (assuming certain holding period requirements are met), and where the gain from the sale is taxed as capital gain. 
 

  
 Because ISOs have tax advantages, they are generally subject to more legal restrictions than NQSOs. The primary restrictions on ISOs and the differences between ISOs and
NQSOs are discussed in a number of the answers in this Prospectus and in “Tax Information and ERISA,” below. 
  
 5.    What kind of options can I get? 
  
 If you are an employee of the
Company, its parent or its subsidiaries, you may get ISOs, NQSOs or both. If you are a non-employee director of the Company, its parent or its subsidiaries or affiliated corporations, you may only receive NQSOs. 
  
 6.    Can I hold more than one option ? 
  
 Yes. 
  
 7.    Is there a limit to the number or size of options I
can get? 
  
 No person will be eligible to receive more than 350,000 Shares in any calendar year under a Class A
Plan option Award unless they are a new employee. New employees, who may also be an officer or director of the Company, are eligible to receive up to a maximum of 700,000 Shares in the calendar year in which they commence their employment. With
respect to ISOs, the Class A Plan limits the aggregate fair market value (determined as of the time the option is granted) of the shares that may first become exercisable in any calendar year to not more than $100,000. 
  
 8.    When can I exercise options? 
  
 The Board determines the exercisability of each option at the date of grant. Only vested options may be exercised. The exercisability of your options is set forth on the first page of your option grant
or option agreement as well as your vesting schedule. It is customary for first time options granted under the Class A Plan to vest at the rate of 2% per month beginning the month of employment for 50 months and to be exercisable after 1 year of
continuous employment. However the Board determines all vesting schedules at the date of grant. 
  
 9.    How long do
I have to exercise? 
  
 Most options must be exercised within ten years after the option grant date for the Class
A Plan. If you own ten percent or more of the Company’s outstanding stock, your ISO under the Class A Plan will be granted for a term not to exceed five years. Again, the Board determines the term of each option at the date of grant (up to a
maximum of ten years). The term of your option is set forth on the first page of your option grant agreement. 
  
 10.    What determines my exercise price? 
  
 The Board determines the
exercise price of each option. This price is stated in your option grant or agreement and the Class A Plan states the price may not be less that 85% of the Fair Market Value on the date of grant. All ISO grants may not be less than 100% of the Fair
Market Value on the date of grant. If you own ten percent or more of the Company’s outstanding stock, your option will be granted at an exercise price equal to at least 110% of the fair market value of the shares at the time your option is
granted. Fair market value is currently determined by the closing bid price of the Company’s Class A common stock on the NASDAQ National Market System on the date of grant. 

  
 11.    How do I exercise my options? 
  
 To exercise an option, you must deliver to the Stock Administration department of the Company (a) a copy of the Stock Option Exercise
Notice and Agreement under the Class A Plan signed by you, and (b) full cash payment (U. S. dollars) for the shares being purchased or, when authorized by the Board at the time of the grant of the option under the Class A Plan, shares of fully paid
Class A common stock of the Company or certain other forms of payment. The Company will then issue a certificate representing the shares purchased. 
  
 12.    Are there any restrictions on the resale of shares I purchase? 
  
 Generally, the Class A Plan does not impose any restrictions on the resale of shares of Class A common stock purchased. The Registration Statement filed by the Company also satisfies most federal securities laws requirements with
respect to the resale of such shares. However, the shares purchased under the Class A Plan may be subject to certain restrictions on transfer in the event that the Company completes a registered public offering of its securities and all shares are
subject to resale restrictions imposed by securities laws in the state(s) where you and your purchaser live. (There are presently no restrictions imposed by California law.) In addition, if you are an affiliate of the Company, you may not resell
under the Registration Statement any shares purchased on exercise of options. Such resales must be registered in a separate registration statement or be effected in accordance with Rule 144 or another available exemption under the 1933 Act. In
addition, there may be tax consequences associated with the sale or other disposition of shares. See “Tax Information and ERISA—Tax Treatment of the Optionee,” below. 
  
 13.    Can I transfer my options? 
  
 Generally, no. Any Award granted under this Plan, other than NQSOs, cannot be transferred or assigned by you, and may not be made subject to execution, attachment or similar process, otherwise than by will or by the laws of descent
and distribution or as determined by the Committee. 
  
 NQSOs.    Unless otherwise
restricted by the Committee, an NQSO shall be exercisable: (i) during your lifetime only by (A) you, (B) your guardian or legal representative, (C) a member of your family who has acquired the NQSO by “permitted transfer;” and (ii) after
your death, by your legal representative. 
  
 “Permitted transfer” means, as authorized by this Plan and
the Committee in a Stock Option Agreement, any transfer by gift or domestic relations order. A permitted transfer does not include any transfer for value and neither of the following are transfers for value: (a) a transfer under a domestic relations
order in settlement of marital property rights or (b) a transfer to an entity in which more than fifty percent of the voting interests are owned by Family Members or the Participant in exchange for an interest in that entity. 

 
 14.    What happens if I leave the Company? 
  
 In the event that your relationship with the Company is terminated for any reason other than your death or disability, you will have the right to exercise your options, to
the extent (and only to the extent) that they would have been exercisable upon the date of termination, within three (3) months after the date of termination (or such shorter time period as may be specified in the Grant). 
  
 In the event that your relationship with the Company is terminated because of death or disability, you or your legal representative will
have the right to exercise your options, to the extent (and only to the extent) that they would have been exercisable upon the date of termination, within twelve (12) months after the date of termination (or such shorter time period as may be
specified in the Grant) but in any event no later than the expiration date of the Options. 
  
 However, if your
relationship with the Company is terminated for Cause, you, your legal representative or such other person who may then hold your Option, shall not be entitled to exercise your option. In making this determination, the Board will give you an
opportunity to present to the Board evidence on your behalf. For the purposes of this paragraph, termination of service shall be deemed to occur on the date when the Company gives you notice that your service is terminated. 
  
 The Committee will have the sole discretion to determine whether a Participant has ceased to provide services and the effective date on
which the Participant ceased to provide services. 
  
 15.    Is the option an employment contract? 

 
 No. The option grant or agreement does not impose any obligation whatsoever upon you or the Company to continue your
relationship with the Company. Such relationship is terminable at will by you or the Company. 
  
 16.    Do my
options get adjusted for future events? 
  
 If the Company issues additional securities to raise more capital, no
adjustments will be made. However, if there is a stock split, stock dividend or similar change in the Company’s capital structure without receipt of consideration by the Company, the number of shares subject to and the exercise price of your
options will be adjusted accordingly. The number of shares reserved under the Class A Plan will also be proportionately adjusted. 
  
 17.    What happens in a merger or consolidation ? 
  
 For options granted
under the Class A Plan, if there is a merger or consolidation in which the Company is not the surviving entity, or if the Company dissolves or sells substantially all of its assets or completes a “corporate transaction” under Section
425(a) of the Internal Revenue Code of 1986, as amended (the “Code”), then your options may be assumed by 

 the successor corporation. If the successor corporation, if any, refuses to assume the options or substitute equivalent options, the options may
accelerate and become immediately exercisable at times and on terms that the Board determines. 
  
 18.    What
happens to unexercised, expired options ? 
  
 If an option granted pursuant to the Class A Plan is terminated for
any reason without being exercised in whole or in part or if it expires according to its terms, the shares thereby released from such option will become available again under the Class A Plan. 
  

19.    How are the Options administered? 
  
 The Class A Plan is administered by the Compensation Committee of the Board of Directors of the Company (referred to, along with the Board of Directors, as the “Board” as the context requires), whose address is the same as
that of the Company’s principal executive offices. The Board designates the optionees, exercise prices, vesting schedule, exercise periods and dates of grants. The members of the Compensation Committee receive a yearly fee; no additional
compensation is paid for administering the Class A Plan. The Company bears all expenses in connection with administration of the Class A Plan. 
  
 20.    Are there other Awards under the Class A Plan? 
  
 Automatic
Grants to Outside Directors    Under the Class A Plan, non-employee Directors receive a NQSO to purchase 8,000 shares upon re-election. New Directors would receive a grant of 25,000 shares, under the Class A Plan.
Non-employee Directors may elect to receive all or part of their cash compensation in the Company’s Class A common stock. 
  
 Restricted Stock    The Committee from time to time may offer to an eligible person Shares that are subject to restrictions. The Committee will determine to whom an offer will be made, the number of Shares
the person may purchase, the price to be paid (which must be 100% of the Fair Market Value to a Ten Percent Stockholder), the restrictions to which the Shares will be subject and all other terms and conditions of the Award as determined in the Class
A Plan. 
  
 21.    Who is on the Compensation Committee? 
  

The Compensation Committee currently consists of Mr. Richard Asher, Mr. William J. Byron and Ms. Linda J. Srere, each of whom is an outside director of the Company and
is an affiliate of the Company. Other than as disclosed herein (including disclosures in material incorporated by reference herein), members of the Compensation Committee that administers the Class A Plan have no material relationships with the
Company, its employees or its affiliates. 
  
 22.    Who elects the Board and the Compensation Committee?

  
 The members of the full Board are elected each year at the Company’s annual meeting of stockholders and
serve until the next annual meeting or until their successors are elected and qualified. The stockholders may remove members of the full Board from office by following certain voting procedures set forth in the Company’s By-laws and applicable
corporate law. The members of the Compensation Committee are chosen by the full Board and serve at its discretion. 
  
 23.    What if there is a dispute concerning the Class A Plan? 
  
 Subject
to the provisions of the Class A Plan, the Compensation Committee has the authority to construe and interpret any of the provisions of the Class A Plan or any options granted thereunder. Such interpretations are binding on the Company and on you.
Members of the Board can be contacted by writing to them at the Company’s principal executive offices to the attention of the Stock Administration department. 
  
 24.    How can the Class A Plan change? 
  
 Subject to the terms and conditions of the Class A Plan and applicable law, the Board may modify, extend or renew outstanding Options and authorize the grant of new Options, provided however, that (i) any such action may not, without
the written consent of a Participant, impair any of such Participant’s rights under any Option previously granted and (ii) the Committee may not reduce the Exercise Price of outstanding Options without the approval of the stockholders. Any
outstanding ISO that is modified, extended, renewed or otherwise altered will be treated in accordance with Section 424(h) of the Code. 
  
 The Board may terminate or amend the Class A Plan in any respect provided it does not, without stockholder approval, amend the Class A Plan in any manner that requires such stockholder approval pursuant to the Code or the
Securities Exchange Act of 1934, as amended (the “1934 Act”) (including Rule 16b-3 promulgated thereunder). 
  
 Currently, this means that the Board must have stockholder approval among other things, to increase the number of shares available under the Class A Plan, to change the class of persons eligible to receive options, to change the
exercise price of outstanding options or to make a change that materially increases the benefits accruing to Class A Plan participants. 
  
 25.    Can I get additional information about the Class A Plan and my options? 
  
 The full text of the Class A Plan is attached. These questions and answers are simply a guide to the principal provisions of the Class A Plan and are qualified in their entirety by the wording of those documents. 

  
 You may also contact the Company’s Stock Administration department with any
specific questions you may have regarding the Class A Plan or your individual options or to request a report summarizing the amount and status of your options. 
  
 26.    Can I receive information provided to stockholders? 
  
 Yes. If you are an optionee under the Class A Plan, material sent by the Company to its stockholders is available to you by contacting the Stock Administration department at the Company’s headquarters. 
  
 TAX INFORMATION AND ERISA 
  
 Introduction 
  
 THE FOLLOWING DESCRIPTION OF UNITED STATES FEDERAL INCOME TAX
CONSEQUENCES ASSOCIATED WITH PARTICIPATION IN THE Class A Plan IS BASED UPON EXISTING STATUTES, REGULATIONS AND INTERPRETATIONS AS OF THE DATE OF THIS DOCUMENT. BECAUSE THE CURRENTLY APPLICABLE RULES ARE COMPLEX AND THE TAX LAWS MAY CHANGE AND
BECAUSE INCOME TAX CONSEQUENCES MAY VARY DEPENDING UPON THE PARTICULAR CIRCUMSTANCES OF EACH PARTICIPANT, EACH PARTICIPANT SHOULD CONSULT A TAX ADVISOR CONCERNING FEDERAL (AND ANY STATE AND LOCAL) INCOME TAX CONSEQUENCES OF PARTICIPATION IN THE
Class A Plan. THE FOLLOWING DISCUSSION DOES NOT PURPORT TO DESCRIBE STATE OR LOCAL INCOME TAX CONSEQUENCES OR TAX CONSEQUENCES FOR PARTICIPANTS IN COUNTRIES OTHER THAN THE UNITED STATES. 
  
 SPECIAL TAX RULES APPLY TO OFFICERS AND DIRECTORS OF THE COMPANY. SEE “SPECIAL CONSIDERATIONS FOR OFFICERS AND DIRECTORS,” BELOW. 
  
 Options so designated under the Class A Plan are intended to qualify as ISOs. All options that are not designated as ISOs are intended to
be NQSOs. The Class A Plan is not qualified under Section 401(a) of the Code. 
  
 Tax Treatment of the Optionee 

 
 Incentive Stock Options.    The optionee will recognize no income upon grant of an ISO and
incur no tax on its exercise (unless the optionee is subject to the alternative minimum tax described below). If the optionee holds the stock acquired upon exercise of an ISO (the “ISO Shares”) for more than one year after the date the
option was exercised and for more than two years after the date the option was granted, the optionee generally will realize long-term capital gain or loss (rather than ordinary income or loss) upon disposition of the ISO Shares. This gain or loss
will be equal to the difference between the amount realized upon such disposition and the amount paid for the ISO Shares. 
  
 If the optionee disposes of ISO Shares prior to the expiration of either required holding period (a “disqualifying disposition”), the gain realized upon such disposition up to the difference between the value of the ISO
Shares on the date of exercise (or, if less, the amount realized on a sale of such ISO Shares) and the option exercise price, will be treated as ordinary income. Any additional gain will be long-term or short-term capital gain, depending upon the
amount of time the ISO Shares were held by the optionee. 
  
 Alternative Minimum
Tax.    The difference between the fair market value of ISO Shares (measured as of the date of exercise) and the amount paid for the ISO Shares is an adjustment to income for purposes of the alternative minimum tax. The
alternative minimum tax (imposed to the extent it exceeds the taxpayer’s regular tax) is 26% on an individual taxpayer’s alternative minimum taxable income up to $175,000, and 28% above that dollar amount. Alternative minimum taxable
income is determined by adjusting regular taxable income for certain items, increasing that income by certain preference items and reducing this amount by the applicable exemption amount ($45,000 in the case of a joint return, subject to reduction
under certain circumstances). If a disqualifying disposition of the ISO Shares occurs in the same calendar year as exercise of the ISO, there is no alternative minimum tax adjustment with respect to those ISO Shares. Also, upon a sale of ISO Shares
that is not a disqualifying disposition, alternative minimum taxable income is reduced in the year of sale by the excess of the fair market value of the ISO Shares at exercise over the amount paid for the ISO Shares. Special rules apply where all or
a portion of the exercise price is paid by tendering shares of Class A common stock. 
  
 Nonqualifying Stock
Options.    An optionee will not recognize any taxable income at the time an NQSO is granted. However, upon exercise of an NQSO the optionee will include in income as compensation an amount equal to the difference between
the fair market value of the shares on the date of exercise and the optionee’s purchase price. The included amount will be treated as ordinary income by the optionee and may be subject to income tax withholding by the Company (either by payment
in cash or withholding out of the optionee’s salary). Upon resale of the shares by the optionee, any subsequent appreciation or depreciation in the value of the shares will be treated as capital gain or loss. Special rules apply where all or a
portion of the exercise price is paid by tendering shares of Class A common stock. 

  
 Revenue Reconciliation Act of 1993.    The
Revenue Reconciliation Act of 1993 increased the alternative minimum tax from 24% to 26% on an individual taxpayer’s alternative minimum taxable income up to $175,000, and to 28% above that dollar amount. The Act also raised the exemption
amount from $40,000 to $45,000 in the case of a joint return. These changes were effective for taxable years ending after December 31, 1992. 
  
 Special Consideration for Officers and Directors.    Following is a discussion of certain tax rules applicable to officers and directors of the Company.
Officers and directors should consult their tax advisors regarding these issues. 
  
 ISOs.    If an optionee is an officer or director of the Company who is potentially subject to short-swing profits liability under Section 16(b) of the 1934 Act, ISO Shares that are purchased on
exercise of an ISO less than six months after the date of grant will be subject to special tax rules. Thus, in the case of a disqualifying disposition the optionee will recognize ordinary income equal to the difference between the fair market value
of the ISO Shares on the date six months after the date of grant (or, if less, the amount realized on the sale of the ISO Shares) and the option exercise price unless the optionee makes an election under Section 83(b) of the Code (an “83(b)
election”). If the optionee makes an 83(b) election the ordinary income is equal to the difference between the fair market value on the date of exercise (or, if less, the amount realized on the sale if the ISO Shares) and the option exercise
price. Moreover, for alternative minimum tax calculation purposes, unless the optionee makes an 83(b) election, the adjustment to income will be based on the difference between fair market value of the ISO Shares on the date six months after the
date of grant and the option exercise price. 
  
 NQSOs.    In the event of the
exercise of an NQSO less than six months after the date of grant, the optionee will include in income as compensation an amount equal to the difference between the fair market value of the shares on the date six months after the date of grant and
the option exercise price unless the optionee makes an 83(b) election. If the optionee makes an 83(b) election, the optionee will include in income as compensation an amount equal to the difference between the fair market value on the date of
exercise and the option exercise price. 
  
 Exercises Within Six Months of a Section 16(b)
Purchase.    If an optionee exercises an option more than six months from the date of grant but within six months from the date of a prior purchase that does not constitute an exempt purchase under Section 16(b) of the
1934 Act, it may be possible to take the position that such prior purchase permits the optionee to defer the ordinary income (or, with respect to ISOs, any adjustment to income for alternative minimum tax purposes) until six months from the date of
the prior purchase. However, it is not clear at this time whether the Internal Revenue Service would agree with this position. 
  
 Officers and directors should consult their tax advisors regarding these issues and the advisability of filing an 83(b) election. 
  
 Tax Treatment of the Company 
  
 The Company will be entitled to a deduction in connection
with the exercise of an NQSO by a domestic employee or director to the extent that the optionee recognizes ordinary income. The Company will be entitled to a deduction in connection with the disposition of ISO Shares only to the extent that the
optionee recognizes ordinary income on a disqualifying disposition of the ISO Shares. 
  
 ERISA

  
 The Company believes that the Plans are not subject to any of the provisions of the Employee Retirement
Income Security Act of 1974. 
  
 AVAILABILITY OF ADDITIONAL INFORMATION 
  
 The Company filed the Registration Statement with the SEC with respect to the shares issuable pursuant to the exercise of options granted
under the Class A Plan. The Registration Statement incorporates by reference the following documents: 
  

	 	(a)
	 
	The Registrant’s latest annual report filed pursuant to Section 13 or 15(d) of the Exchange Act or the latest prospectus filed pursuant to Rule 424(b)
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933 (the “1933 Act”), that contains audited financial statements for
the Registrant’s latest fiscal year for which such statements have been filed. 
 

  

	 	(b)
	 
	All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the annual report or the prospectus
referred to in (a) above. 
 

  

	 	(c)
	 
	The description of the Registrant’s Class A common stock contained in the Registrant’s Registration Statement filed with the Commission under Section
12 of the Exchange Act, including any amendment or report filed for the purpose of updating such description . 
 

  
 All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been
sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. 

  
 The Company will provide to you, upon written or oral request and without charge:
(1) a copy of any document incorporated by reference in the Registration Statement (not including exhibits to such document unless such exhibits are specifically incorporated by reference into such document); (2) a copy of the Company’s most
recent Annual Report to Shareholders (or such alternative document as Rule 428(b)(2) under the 1933 Act permits); (3) a copy of all reports, proxy statements and other communications distributed by the Company to its stockholders generally; and (4)
a copy of all documents that constitute a part of the prospectus required to be delivered to each Plan participant. Please direct all requests to the Stock Administration department at the Company’s headquarters. 

  
 Emp#:            ; Class: A 
  
 Grant#:              
  
 Location:             
  
 ELECTRONIC ARTS
INC. 
 NONQUALIFIED STOCK OPTION GRANT 
  
 Electronic Arts Inc., a Delaware corporation, (the “Company”) hereby grants to the optionee named below (the “Optionee”), a non-qualified stock option (the “Option”) under the Company’s 2000 Class A
Equity Incentive Plan as amended (the “Plan”), to purchase the total number of shares set forth below of Class A common stock of the Company (the “Option Shares”) at the exercise price per share set forth below (the
“Exercise Price”). The option is subject to all the terms and conditions of the Nonqualified Stock Option Grant including the terms and conditions contained in the attached Appendix A (the “Grant”) and the Plan, the provisions of
which are incorporated herein by reference. The principal features of the option are as follows: 
  
 
	 Optionee:
 	    	  	    	  
	 	
	
	 	 
	 Address:
 	    	  	    	  
	 	
	
	 	 

 
  
 
	 Number of Option Shares:
 	 	  	 	  	  	 Exercise Price per Share:
 	    	  	  	  
	 	
	
	 	 	 	 	
	
	 	 
	 Date of Grant:
 	 	  	 	  	  	 Expiration Date:
 	    	  	  	  
	 	
	
	 	 	 	 	
	
	 	 
	 Vest Start Date:
 	 	  	 	  	  	  	    	  	  	  
	 	
	
	 	 	 	 	 	 	 	 

 
  
 Subject to the terms and conditions of the Plan and the Grant, the
Option shall vest 2% per month for 50 months on the 1st day of each calendar month until the earlier of (1) the date the option becomes fully vested or (2) the date the optionee ceases to be employed. Optionee may first exercise the Option with
respect to the vested Option Shares on the first day of the 12th month from Vest Start Date. Optionee may then exercise the Option with respect to vested Option Shares at any time until expiration or termination. 
  
 An optionee shall be deemed to have worked a calendar month if optionee has worked any portion of that month. Only vested options may be
exercised. Vesting will be suspended during any unpaid leave of absence. 
  
 PLEASE READ ALL OF APPENDIX A WHICH
CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THE OPTION. 
  
 ELECTRONIC ARTS INC. 
  

	 
	 /s/    RUTH A. KENNEDY    
 

	 Ruth A. Kennedy
 Sr. Vice
President, General Counsel
 

 
  
 ACCEPTANCE 
  
 Optionee hereby acknowledges that a copy of the Plan and a copy of the Prospectus as amended are available upon request from the Stock Administration department and can also be accessed electronically.
Optionee represents that Optionee has read and understands the terms and conditions thereof, and accepts the Option subject to all the terms and conditions of the Plan and the Grant. Optionee acknowledges that there may be adverse tax
consequences upon exercise of the Option and that Optionee should consult a tax adviser prior to such exercise. 
  
 
	 
	 

	 Optionee
 

 

  
 Appendix A 
  
 ELECTRONIC ARTS INC. 
 Nonqualified Stock Option (the “Option”) Terms and
Conditions (US) 
 Under the 2000 Class A Equity Incentive Plan 
  
 1.    Form of Option Grant.    Each Option granted under the Plan shall be evidenced by a written Stock Option Grant (the “Grant”) in such form
(which need not be the same for each Optionee) as the Committee shall from time to time approve, which Grant shall comply with and be subject to the terms and conditions of the Plan. 
  
 2.    Date of Grant.    The date of grant of the Option shall be the date on which the Committee makes the determination to
grant such Option unless otherwise specified by the committee. The Grant representing the Option will be delivered to Optionee within a reasonable time after the granting of the Option. Copies of the Plan and Prospectus are available electronically
at http://internal.ea.com/ (Legal&Stock/Stock Administration/Stock Option Plans) and can also be obtained by contacting the Stock Administration Department. 
  
 3.    Exercise Price.    The exercise price of the Option shall be determined by the Committee on the date the Option is
granted; provided that the exercise price of the Option shall be not less than 100% of the Fair Market Value of the Shares on the date the Option is granted. 
  
 4.    Exercise Period.    Options shall be exercisable within the times or upon the events determined by the Committee as set forth in the Grant;
provided, however, that no Option shall be exercisable after the expiration of ten (10) years from the date the Option is granted. 
  
 5.    Restrictions on Exercise.    Exercise of the Option is subject to the following limitations: 
  
 (a)    The Option may not be exercised until the Plan has been approved by the stockholders of the Company as set forth in the Plan.

  
 (b)    The Option may not be exercised unless such exercise is in compliance
with the Securities Act of 1933, as amended, the Exchange Act of 1934, as amended, all applicable state securities laws, and the requirements of any stock exchange or national market system on which the Company’s Common Stock may be listed, as
they are in effect on the date of exercise. 
  
 (c)    The Option may be
exercised even if there is outstanding, within the meaning of Section 422A(c)(7) of the Internal Revenue Code of 1954, as amended (the “Code”), any incentive stock option to purchase stock of the Company or its Parent or Subsidiary
(as defined in the plan) that was granted to the Optionee before the grant of the Option. 
  
 6.    Termination of Option. 
  
 (a)    Except as provided in this section, the Option shall terminate in whole if Optionee ceases to be an employee of the Company and may not be exercised to the extent terminated. If the Optionee ceases to be an
employee of the Company for any reason except by death or disability, the Option, to the extent it is exercisable on the date on which the Optionee ceases to be an employee (the “Termination Date”), may be exercised by the Optionee within
three (3) months after the Termination Date, but in no event later than the Expiration Date. 
  
 (b)    Except as provided in this section, the Option shall terminate in part, if Optionee ceases to be a full time employee of the Company but remains an employee of the Company, and may not be exercised to the
extent terminated. If the Optionee ceases to be a full time employee of the Company for any reason other than disability, the Option, to the extent it is exercisable on the date on which the Optionee ceases to be a full time employee, may be
exercised by the Optionee within three (3) months after the Termination Date, but in no event later than the Expiration Date. 
  
 (i)    An Optionee shall be deemed to be a “full time” employee if Optionee works not less than 40 hours per week, unless prevailed upon by local law. 

 
 (ii)    Except as to the number of Option Shares for which the Option terminates in
accordance with subsection (a)(iii) below, the Option shall continue to vest with respect to Option Shares in equal monthly amounts from the termination date to the time the Optionee has been continuously employed 50 calendar months from the vest
start date set forth in the Grant. 
  
 (iii)    The number of Option Shares for
which the Option shall terminate in accordance with this Paragraph will be determined by multiplying the total number of Option Shares by the following fraction: 
  
 
	 40 minus [number of hours regularly worked per week]
 

	 40
 

 
  
 (c)    If the Optionee’s
employment with the Company is terminated because of the death of the Optionee or disability of the Optionee within the meaning of Section 22(e)(3) of the Code, the Option, to the extent that it is exercisable on the Termination Date, may be
exercised by the Optionee (or the Optionee’s legal representative) at any time prior to the expiration of twelve months after the Termination Date, but in any event no later than the Expiration Date. 
  
 (d)    Notwithstanding the provisions in Paragraph 6(a) above, if the Optionee’s employment with
the Company is terminated for Cause, the Option with respect to any Shares whatsoever, after termination of service, may not be exercised. 

  
 (e)    Nothing in the Plan or the Grant shall confer on
Optionee any right to continue in the employ of, or other relationship with, the Company or any Parent, Subsidiary or Affiliate of the Company or limit in any way the right of the Company or any Parent, Subsidiary or Affiliate of the Company to
terminate Optionee’s employment or other relationship at any time, with or without cause. 
  
 7.    Manner of Exercise. 
  
 (a)    The Option shall be exercisable by delivery to the Company of written notice in the form attached hereto as Exhibit A, or in such other form as may be approved by the Board of Directors of the
Company, which shall set forth the Optionee’s election to exercise the Option, the number of Option Shares being purchased, and such other representations and agreements as to the Optionee’s investment intent and access to information as
may be required by the Company to comply with applicable securities laws. 
  
 (b)    Such notice shall be accompanied by full payment of the Exercise Price (i) in cash; (ii) by tender of shares of Common Stock of the Company having a fair market value equal to the Exercise Price; or (iii) a
combination of the foregoing, provided that a portion of the exercise price equal to the par value of the Shares, if any, must be paid in cash or other legal consideration. 
  
 (c)    Prior to the issuance of the Option Shares upon exercise of the Option, the Optionee must pay or make adequate provision for any
applicable federal, state, or provincial withholding obligations of the Company. 
  
 (d)    Provided that such notice and payment are in form and substance satisfactory to counsel for the Company, the Company shall issue the Option Shares registered in the name of the Optionee or the
Optionee’s legal representative. 
  
 8.    Compliance with Laws and
Regulations.    The issuance and transfer of Option Shares shall be subject to compliance by the Company and the Optionee with all applicable requirements of federal and state laws and with all applicable requirements of any
stock exchange or national market system on which the Company’s Common Stock may be listed at the time of such issuance or transfer. 
  
 9.    Nontransferability of Option.    No Option or Stock Purchase Right may be sold, pledged, hypothecated, transferred or disposed of in any manner other than by will or the
laws of descent and distribution or as determined by the Committee and set forth in the written grant with respect to Stock Purchase Rights and Options that are not Incentive Stock Options. 
  
 10.    Tax Consequences.    Set forth below is a brief summary as of the date the form of grant was adopted of some of the
federal and California tax consequences of exercise of the Option and disposition of the Shares. Additional information is included in the Prospectus for the Plan, as amended. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND
REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION OR DISPOSING OF THE SHARES. 
  
 (a)    Exercise.    Upon exercise, Optionee will recognize compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the
fair market value of the Shares on the date of exercise over the Exercise Price. The Company may be required to withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a
percentage of this compensation income at the time of exercise. 
  
 (b)    Disposition of the Shares.    For federal tax purposes, if the Shares are held for less than twelve (12) months after the date of transfer of the Shares pursuant to the exercise
of a nonqualified stock option, any gain realized on the disposition of the Shares will be treated as a short-term capital gain. If the Shares are held for more than twelve (12) months any such gain will be treated as long-term capital gain.

  
 11.    Interpretation.    Any dispute regarding the interpretation
of this agreement shall be submitted by Optionee or the Company forthwith to the Company’s Board of Directors or the committee thereof that administers the Plan, which shall review such dispute at its next regular meeting. The resolution of
such a dispute by the Board or committee shall be final and binding on the Company and on Optionee. 
  
 12.    Entire Agreement.    The Exercise Notice and Agreement attached as Exhibit A and the Plan available upon request from the Stock Administration department and also accessible
electronically is incorporated herein by reference. The Grant, the Plan and the Exercise Notice and Agreement constitute the entire agreement of the parties and supersede all prior undertakings and agreements with respect to the subject matter
hereof. 

  
 STOCK OPTION EXERCISE NOTICE AND AGREEMENT 
  
 Electronic Arts Inc. 
 209 Redwood Shores Parkway 
 Redwood City, CA 94065 
 Attention: Stock Administrator 
  
 1.    Exercise of Option.    The undersigned (“Optionee”) hereby elects to exercise Optionee’s option
to purchase  shares of the Common Stock (the “Option Shares”) of Electronic Arts Inc. (the “Company”) under and pursuant to the Company’s
             Stock Option Plan (the “Plan”) and the stock option grant dated              (the
“Grant”). The terms and conditions of the Plan and the Grant are hereby incorporated into and made a part of this Agreement by this reference. 
  
 2.    Representations of Optionee.    Optionee hereby acknowledges, represents and warrants that Optionee has received, read
and understood the Plan and the Grant and will abide by and be bound by their terms and conditions. 
  
 3.    Compliance with Securities Laws.    Optionee understands and acknowledges that the exercise of any rights to purchase any Option Shares is expressly conditioned upon compliance
with the Securities Act of 1933, the Exchange Act of 1934, the requirements of any stock exchange or national market system on which the Company’s stock may be listed, and all applicable state securities laws. Optionee agrees to cooperate with
the Company to ensure compliance with such laws. 
  
 4.    Stop Transfer
Notices.    Optionee understands and agrees that the Company may issue appropriate “stop transfer” instructions to its transfer agent to ensure compliance with the restrictions on transfer. 
  
 5.    Tax Consequences.    OPTIONEE UNDERSTANDS THAT OPTIONEE MAY SUFFER ADVERSE TAX
CONSEQUENCES AS A RESULT OF OPTIONEE’S PURCHASE OR DISPOSITION OF THE OPTION SHARES. OPTIONEE REPRESENTS THAT OPTIONEE HAS CONSULTED WITH ANY TAX CONSULTANT(S) OPTIONEE DEEMS ADVISABLE IN CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE
OPTION SHARES AND THAT OPTIONEE IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE. IN PARTICULAR, IF OPTIONEE IS AN INSIDER SUBJECT TO SECTION 16(B) OF THE EXCHANGE ACT, OPTIONEE REPRESENTS THAT OPTIONEE HAS CONSULTED WITH OPTIONEE’S TAX
ADVISERS CONCERNING THE ADVISABILITY OF FILING AN 83(B) ELECTION WITH THE INTERNAL REVENUE SERVICE. 
  
 6.    Delivery of Payment.    Optionee herewith delivers to the Company the aggregate purchase price of the Option Shares that Optionee has elected to purchase and has made provision for
the payment of any federal or state withholding taxes required to be paid or withheld by the Company. 
  
 7.    Entire Agreement.    This Exercise Agreement, the Plan and the Grant constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and
agreements of the Company and Optionee with respect to the subject matter hereof, and is governed by California law except for that body of law pertaining to conflict of laws. 
  
 
	 Submitted by:
 	 	  	  	  	 	 Accepted by:
 
	 
	 OPTIONEE:
 	 	  	  	  	 	 ELECTRONIC ARTS INC.
 
	 	
	
	 	 	 	 
	  	 	 (Print Name)
 	  	  	 	  
  
 By:
 	 	  
	 	
	
	 	 	 	 	
	

	  	 	 (Signature)
 	  	  	 	  	 	 Ruth A. Kennedy
 
	  	 	  	  	  	 	 Its:
 	 	 SVP, General Counsel
 
	 
	 Dated:
 	 	  	  	  	 	 Dated:

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