Document:

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                                                                   EXHIBIT 10.01

                           RECEIVABLES SALE AGREEMENT

                            DATED AS OF JUNE 24, 2002

                                     BETWEEN

                             COMDATA NETWORK, INC.,

                                  as Originator

                                       AND

                          COMDATA FUNDING CORPORATION,

                                    as Buyer

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                                TABLE OF CONTENTS
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                                                                                                                 Page
                                                                                                                 ----
<S>                        <C>                                                                                   <C>
ARTICLE I. AMOUNTS AND TERMS OF THE PURCHASE......................................................................2

         Section 1.1       Purchase of Receivables................................................................2
         Section 1.2       Payment for the Purchase...............................................................3
         Section 1.3       Purchase Price Credit Adjustments.  If on any day:.....................................4
         Section 1.4       Payments and Computations, Etc.........................................................5
         Section 1.5       Transfer of Records....................................................................5
         Section 1.6       Characterization.......................................................................6

ARTICLE II. REPRESENTATIONS AND WARRANTIES........................................................................6

         Section 2.1       Representations and Warranties of Originator...........................................6

ARTICLE III. CONDITIONS OF PURCHASE..............................................................................10

         Section 3.1       Conditions Precedent to Purchase......................................................10
         Section 3.2       Conditions Precedent to Subsequent Payments...........................................10

ARTICLE IV. COVENANTS............................................................................................11

         Section 4.1       Affirmative Covenants of Originator...................................................11
         Section 4.2       Negative Covenants of Originator......................................................15

ARTICLE V. TERMINATION EVENTS....................................................................................16

         Section 5.1       Termination Events....................................................................16
         Section 5.2       Remedies..............................................................................17

ARTICLE VI. INDEMNIFICATION......................................................................................18

         Section 6.1       Indemnities by Originator.............................................................18
         Section 6.2       Other Costs and Expenses..............................................................20

ARTICLE VII. MISCELLANEOUS.......................................................................................20

         Section 7.1       Waivers and Amendments................................................................20
         Section 7.2       Notices...............................................................................20
         Section 7.3       Protection of Ownership Interests of Buyer............................................21
         Section 7.4       Confidentiality.......................................................................21
         Section 7.5       Bankruptcy Petition...................................................................22
         Section 7.6       Limitation of Liability...............................................................23
         Section 7.7       CHOICE OF LAW.........................................................................23
         Section 7.8       CONSENT TO JURISDICTION...............................................................23
         Section 7.9       WAIVER OF JURY TRIAL..................................................................24

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<S>                                 <C>                                                                          <C>
         Section 7.10               Integration; Binding Effect; Survival of Terms...............................24
         Section 7.11               Counterparts; Severability; Section References...............................24
         Section 7.12               Subordination................................................................25

<CAPTION>

                             Exhibits and Schedules

<S>                         <C>      <C>
Exhibit I                   -        Definitions

Exhibit II                  -        Principal Place of Business; Jurisdiction of Organization and Chief
                                     Executive Office; Location(s) of Records; Organizational Number(s); Federal
                                     Employer Identification Number; Other Names

Exhibit III                 -        Lock-Boxes; Collection Accounts; Collection Banks

Exhibit IV                  -        Form of Compliance Certificate

Exhibit V                   -        Credit and Collection Policy

Exhibit VI                  -        [Intentionally Omitted]

Exhibit VII                 -        Form of Subordinated Note

Schedule A                  -        List of Documents to Be Delivered to Buyer Prior to the Purchase

</TABLE>

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                           RECEIVABLES SALE AGREEMENT

                  THIS RECEIVABLES SALE AGREEMENT, dated as of June 24, 2002, is
by and between COMDATA NETWORK, INC., a Maryland corporation ("Originator"), and
COMDATA FUNDING CORPORATION, a Delaware corporation ("Buyer"). Unless defined
elsewhere herein, capitalized terms used in this Agreement shall have the
meanings assigned to such terms in Exhibit I hereto (or, if not defined in
Exhibit I hereto, the meaning assigned to such term in Exhibit I to the Purchase
Agreement).

                             PRELIMINARY STATEMENTS

                           Originator now owns, and from time to time hereafter
         will own, Receivables. Originator wishes to sell and assign to Buyer,
         and Buyer wishes to purchase from Originator, all of Originator's
         right, title and interest in and to such Receivables, together with the
         Related Security and Collections with respect thereto.

                           Originator and Buyer intend the transactions
         contemplated hereby to be true sales of the Receivables from Originator
         to Buyer, providing Buyer with the full benefits of ownership of the
         Receivables, and Originator and Buyer do not intend these transactions
         to be, or for any purpose to be characterized as, loans from Buyer to
         Originator.

                           Following the purchase of Receivables from
         Originator, Buyer will sell undivided interests therein and in the
         associated Related Security and Collections pursuant to that certain
         Receivables Purchase Agreement dated as of June 24, 2002 (as the same
         may from time to time hereafter be amended, supplemented, restated or
         otherwise modified, the "Purchase Agreement") among Buyer, Originator,
         as Servicer, Jupiter Securitization Corporation ("Company"), the
         financial institutions from time to time party thereto as "Financial
         Institutions" and Bank One, NA (Main Office Chicago) or any successor
         agent appointed pursuant to the terms of the Purchase Agreement, as
         agent for Company and such Financial Institutions (in such capacity,
         the "Agent").

                  NOW, THEREFORE, in consideration of the foregoing premises and
the mutual agreements herein contained and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

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                                   ARTICLE I.
                        AMOUNTS AND TERMS OF THE PURCHASE

         Section 1.1       Purchase of Receivables.

                  (a) Effective on the date hereof, in consideration for the
Purchase Price and upon the terms and subject to the conditions set forth
herein, Originator does hereby sell, assign, transfer, set-over and otherwise
convey to Buyer, without recourse (except to the extent expressly provided
herein), and Buyer does hereby purchase from Originator, all of Originator's
right, title and interest in and to all Receivables existing as of the close of
business on the Business Day immediately prior to the date hereof and all
Receivables thereafter arising through and including the Termination Date,
together, in each case, with all Related Security relating thereto and all
Collections thereof. In accordance with the preceding sentence, on the date
hereof Buyer shall acquire all of Originator's right, title and interest in and
to all Receivables existing as of the close of business on the Business Day
immediately prior to the date hereof and thereafter arising through and
including the Termination Date, together with all Related Security relating
thereto and all Collections thereof. Buyer shall be obligated to pay the
Purchase Price for the Receivables purchased hereunder in accordance with
Section 1.2. In connection with consummation of the Purchase Price for any
Receivables purchased hereunder, Buyer may request that Originator deliver, and
Originator shall deliver, such approvals, opinions, information, reports or
documents as Buyer may reasonably request.

                  (b) It is the intention of the parties hereto that the
Purchase of Receivables made hereunder shall constitute a sale, which sale is
absolute and irrevocable and provides Buyer with the full benefits of ownership
of the Receivables. Except for the Purchase Price Credits owed pursuant to
Section 1.3, the sale of Receivables hereunder is made without recourse to
Originator; provided, however, that (i) Originator shall be liable to Buyer for
all representations, warranties, covenants and indemnities made by Originator
pursuant to the terms of the Transaction Documents to which Originator is a
party, and (ii) such sale does not constitute and is not intended to result in
an assumption by Buyer or any assignee thereof of any obligation of Originator
or any other Person arising in connection with the Receivables, the related
Contracts and/or other Related Security or any other obligations of Originator.
In view of the intention of the parties hereto that the Purchase of Receivables
made hereunder shall constitute a sale of such Receivables rather than loans
secured thereby, Originator agrees that it will, on or prior to the date hereof
and in accordance with Section 4.1(e)(ii), mark its master data processing
records relating to the aging of the Receivables with a legend acceptable to
Buyer and to the Agent (as Buyer's assignee), evidencing that Buyer has
purchased such Receivables as provided in this Agreement and to note in its
financial statements that its Receivables have been sold to Buyer. Upon the
request of Buyer or the Agent (as Buyer's assignee), Originator will execute and
file such financing or continuation statements, or amendments thereto or
assignments thereof, and such other instruments or notices, as may be necessary
or appropriate to perfect and maintain the perfection of Buyer's ownership
interest in the Receivables and the Related Security and Collections with
respect thereto, or as Buyer or the Agent (as Buyer's assignee) may reasonably
request.

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         Section 1.2       Payment for the Purchase.

                  (a) The Purchase Price for the Purchase of Receivables in
existence on the close of business on the Business Day immediately preceding the
date hereof (the "Initial Cutoff Date") shall be payable in full by Buyer to
Originator on the date hereof, and shall be paid to Originator in the following
manner:

                                    (i) by delivery of immediately available
         funds, to the extent of funds made available to Buyer in connection
         with its subsequent sale of an interest in such Receivables to the
         Purchasers under the Purchase Agreement,

                                    (ii) by delivery of the proceeds of a
         subordinated revolving loan from Originator to Buyer (a "Subordinated
         Loan") in an amount not to exceed the least of (A) the remaining unpaid
         portion of such Purchase Price, (B) the maximum Subordinated Loan that
         could be borrowed without rendering Buyer's Net Worth less than the
         Required Capital Amount, (C) the maximum Subordinated Loan that could
         be borrowed without rendering the Net Value less than the aggregate
         outstanding principal balance of the Subordinated Loans (including the
         Subordinated Loan proposed to be made on such date) and (D) 15% of the
         Purchase Price. Originator is hereby authorized by Buyer to endorse on
         the schedule attached to the Subordinated Note an appropriate notation
         evidencing the date and amount of each advance thereunder, as well as
         the date of each payment with respect thereto, provided that the
         failure to make such notation shall not affect any obligation of Buyer
         thereunder, and

                                    (iii) the balance, by accepting a
         contribution by the Originator to the Buyer's capital such that the
         Buyer's Net Worth is not less than the Required Capital Amount.

The Purchase Price for each Receivable coming into existence after the Initial
Cutoff Date shall be due and owing in full by Buyer to Originator or its
designee on the date each such Receivable came into existence (except that Buyer
may, with respect to any such Purchase Price, offset against such Purchase Price
any amounts owed by Originator to Buyer hereunder and which have become due but
remain unpaid) and shall be paid to Originator in the manner provided in the
following paragraphs (b), (c) and (d).

                  (b) With respect to any Receivables coming into existence
after the Initial Cutoff Date, on each Settlement Date, Buyer shall pay the
Purchase Price therefor in accordance with Section 1.2(d) and in the following
manner:

                           first, by delivery of immediately available funds, to
         the extent of funds available to Buyer from its subsequent sale of an
         interest in the Receivables to the Agent for the benefit of the
         Purchasers under the Purchase Agreement or other cash on hand;

                           second, by delivery of the proceeds of a Subordinated
         Loan, provided that the making of any such Subordinated Loan shall be
         subject to the provisions set forth in Section 1.2(a)(ii); and

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                           third, unless Originator has declared the Termination
         Date to have occurred pursuant to Section 5.2, by accepting a
         contribution to its capital in an amount equal to the remaining unpaid
         balance of such Purchase Price.

Subject to the limitations set forth in Section 1.2(a)(ii), Originator
irrevocably agrees to advance each Subordinated Loan requested by Buyer on or
prior to the Termination Date. The Subordinated Loans shall be evidenced by, and
shall be payable in accordance with the terms and provisions of the Subordinated
Note and shall be payable solely from funds which Buyer is not required under
the Purchase Agreement to set aside for the benefit of, or otherwise pay over
to, the Purchasers.

                  (c) From and after the Termination Date, Originator shall not
be obligated to (but may, at its option): (i) sell Receivables to Buyer unless
Originator reasonably determines that the Purchase Price therefor will be
satisfied with funds available to Buyer from sales of interests in the
Receivables pursuant to the Purchase Agreement, Collections, proceeds of
Subordinated Loans, other cash on hand or otherwise, or (ii) contribute
Receivables to Buyer's capital pursuant to clause third of Section 1.2(b).

                  (d) Although the Purchase Price for each Receivable coming
into existence after the Initial Cutoff Date shall be due and payable in full by
Buyer to Originator on the date such Receivable came into existence, settlement
of the Purchase Price between Buyer and Originator shall be effected on a
monthly basis on Settlement Dates with respect to all Receivables coming into
existence during the same Calculation Period and based on the information
contained in the Settlement Report delivered by the Servicer pursuant to Article
VIII of the Purchase Agreement for the Calculation Period then most recently
ended. Although settlement shall be effected on Settlement Dates, increases or
decreases in the amount owing under the Subordinated Note made pursuant to
Section 1.2(b) and any contribution of capital by Originator to Buyer made
pursuant to Section 1.2(b) shall be deemed to have occurred and shall be
effective as of the last Business Day of the Calculation Period to which such
settlement relates.

         Section 1.3       Purchase Price Credit Adjustments.  If on any day:

                  (a)      the Outstanding Balance of a Receivable is:

                                    (i) reduced as a result of any defective or
         rejected or returned goods or services, any discount or any adjustment
         or otherwise by Originator (other than cash Collections on account of
         the Receivables),

                                    (ii) reduced or canceled as a result of a
         setoff in respect of any claim by any Person (whether such claim arises
         out of the same or a related transaction or an unrelated transaction),
         or

                  (b) any of the representations and warranties set forth in
Article II with respect to any Receivable are not true when made or deemed made,

then, in such event, Buyer shall be entitled to a credit (each, a "Purchase
Price Credit") against the Purchase Price otherwise payable hereunder equal to
the Outstanding Balance of such

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Receivable (calculated before giving effect to the applicable reduction or
cancellation); provided, that in the case of any reduction resulting from a
discount or adjustment pursuant to clause (a)(i) hereof, the Purchase Price
Credit shall be limited to the amount of such discount or adjustment. If such
Purchase Price Credit exceeds the Original Balance of the Receivables coming
into existence on any day, then Originator shall pay the remaining amount of
such Purchase Price Credit in cash immediately, provided that if the Termination
Date has not occurred, Originator shall be allowed to deduct the remaining
amount of such Purchase Price Credit from any indebtedness owed to it under the
Subordinated Note.

                  Section 1.4 Payments and Computations, Etc. All amounts to be
paid or deposited by Buyer hereunder shall be paid or deposited in accordance
with the terms hereof on the day when due in immediately available funds to the
account of Originator designated from time to time by Originator or as otherwise
directed by Originator. In the event that any payment owed by any Person
hereunder becomes due on a day that is not a Business Day, then such payment
shall be made on the next succeeding Business Day. If any Person fails to pay
any amount hereunder when due, such Person agrees to pay, on demand, the Default
Fee in respect thereof until paid in full; provided, however, that such Default
Fee shall not at any time exceed the maximum rate permitted by applicable law.
All computations of interest payable hereunder shall be made on the basis of a
year of 360 days for the actual number of days (including the first but
excluding the last day) elapsed.

         Section 1.5       Transfer of Records.

                  (a) In connection with the Purchase of Receivables hereunder,
Originator hereby sells, transfers, assigns and otherwise conveys to Buyer all
of Originator's right and title to and interest in the Records relating to all
Receivables sold hereunder, without the need for any further documentation in
connection with the Purchase. In connection with such transfer, Originator
hereby grants to each of Buyer, the Agent and the Servicer an irrevocable,
non-exclusive license to use, without royalty or payment of any kind, all
software used by Originator to account for the Receivables, to the extent
necessary to administer the Receivables, whether such software is owned by
Originator or is owned by others and used by Originator under license agreements
with respect thereto, provided that should the consent of any licensor of such
software be required for the grant of the license described herein, to be
effective, Originator hereby agrees that upon the request of Buyer (or Buyer's
assignee), Originator will use its reasonable efforts to obtain the consent of
such third-party licensor. The license granted hereby shall be irrevocable until
the indefeasible payment in full of the Aggregate Unpaids, and shall terminate
on the date this Agreement terminates in accordance with its terms.

                  (b) Originator (i) shall take such action requested by Buyer
and/or the Agent (as Buyer's assignee), from time to time hereafter, that may be
necessary or appropriate to ensure that Buyer and its assigns under the Purchase
Agreement have an enforceable ownership interest in the Records relating to the
Receivables purchased from Originator hereunder, and (ii) shall use commercially
reasonable efforts to ensure that Buyer, the Agent and the Servicer each has an
enforceable right (whether by license or sublicense or otherwise) to use all of
the computer software used to account for the Receivables and/or to recreate
such Records.

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                  Section 1.6 Characterization. If, notwithstanding the
intention of the parties expressed in Section 1.1(b), any sale or contribution
by Originator to Buyer of Receivables hereunder shall be characterized as a
secured loan and not a sale or such sale shall for any reason be ineffective or
unenforceable, then this Agreement shall be deemed to constitute a security
agreement under the UCC and other applicable law. For this purpose and without
being in derogation of the parties' intention that the sale of Receivables
hereunder shall constitute a true sale thereof, Originator hereby grants to
Buyer a duly perfected security interest in all of Originator's right, title and
interest in, to and under all Receivables now existing and hereafter arising,
all Collections and Related Security with respect thereto, each Lock-Box and
Collection Account, all other rights and payments relating to the Receivables
and all proceeds of the foregoing to secure the prompt and complete payment of a
loan deemed to have been made in an amount equal to the Purchase Price of the
Receivables together with all other obligations of Originator hereunder, which
security interest shall be prior to all other Adverse Claims thereto. Buyer and
its assigns shall have, in addition to the rights and remedies which they may
have under this Agreement, all other rights and remedies provided to a secured
creditor under the UCC and other applicable law, which rights and remedies shall
be cumulative.

                                   ARTICLE II.
                         REPRESENTATIONS AND WARRANTIES

                  Section 2.1 Representations and Warranties of Originator.
Originator hereby represents and warrants to Buyer on the date hereof, on the
date of the Purchase and on each date that any Receivable comes into existence
that:

                  (a) Corporate Existence and Power. Originator (i) is a
corporation duly organized, validly existing and in good standing under the laws
of its jurisdiction of incorporation; (ii) has the power and authority and all
material governmental licenses, authorizations, consents and approvals to own
its assets and carry on its business, to execute, deliver, and perform its
obligations under this Agreement and each other Transaction Document to which it
is a party and to use the proceeds of the Purchase made hereunder; (iii) is duly
qualified as a foreign corporation, licensed and in good standing under the laws
of each jurisdiction where its ownership, lease or operation of property or the
conduct of its business requires such qualification or license, except where the
failure to be so qualified, licensed or in good standing would not adversely
affect the business or operations of Originator in any significant manner; and
(iv) is in compliance with all material Laws applicable to it.

                  (b) Corporate Authorization; No Contravention. The execution,
delivery and performance by Originator of this Agreement and each other
Transaction Document to which it is a party, and the consummation of the
transactions herein and therein contemplated, have been duly authorized by all
necessary corporate action by or on behalf of Originator, and do not and will
not (i) contravene the terms of Originator's certificate or articles of
incorporation and the bylaws or any shareholder agreements, voting trusts, and
similar arrangements applicable to any of its authorized shares; (ii) conflict
with or result in any breach or contravention of, any document evidencing any
Contractual Obligation to which Originator is a party or any of its property is
bound or any order, injunction, writ or decree of any Governmental Authority to
which Originator or its property is subject; (iii) result in the creation of any
Lien under (except as created hereunder), any document evidencing any
Contractual Obligation to which Originator or

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its Subsidiaries is a party or any of its property is bound or any order,
injunction, writ or decree of any Governmental Authority to which Originator or
its property is subject; or (iv) violate any Law applicable to Originator or
require compliance with any bulk sales act or similar law.

                  (c) Binding Effect. This Agreement and each other Transaction
Document to which Originator is a party has been duly executed and delivered and
constitutes the legal, valid and binding obligations of Originator, enforceable
against Originator in accordance with its terms, except as enforceability may be
limited by applicable bankruptcy, insolvency, or similar laws affecting the
enforcement of creditors' rights generally or by equitable principles relating
to enforceability.

                  (d) Governmental Authorization. Other than the filing of the
financing statements required hereunder, no approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any
Governmental Authority is necessary or required in connection with the
execution, delivery or performance by, or enforcement against, Originator of
this Agreement or any other Transaction Document to which Originator is a party.

                  (e) Actions, Suits. There are no actions, suits, proceedings,
claims or disputes pending, or to the best knowledge of Originator, threatened
or contemplated, at law, in equity, in arbitration or before any Governmental
Authority, against Originator or any of its properties which would reasonably be
expected to have a Material Adverse Effect (and assuming for this purpose a
reasonable likelihood of an adverse decision). Originator is not in default with
respect to any order of any court, arbitrator or governmental body.

                  (f) Accuracy of Information. All information heretofore
furnished by Originator or any of its Affiliates to Buyer (or its assigns) for
purposes of or in connection with this Agreement, any of the other Transaction
Documents or any transaction contemplated hereby or thereby is, and all such
information hereafter furnished by Originator or any of its Affiliates to Buyer
(or its assigns) will be, true and accurate in every material respect on the
date such information is stated or certified and does not and will not contain
any material misstatement of fact or omit to state a material fact or any fact
necessary to make the statements contained therein not misleading.

                  (g) Use of Proceeds. No proceeds of any Purchase Price payment
hereunder will be used (i) for a purpose that violates, or would be inconsistent
with, any law, rule or regulation applicable to Originator or (ii) to acquire
any security in any transaction which is subject to Section 13 or 14 of the
Securities Exchange Act of 1934, as amended.

                  (h) Good Title. Immediately prior to the Purchase hereunder
and upon the creation of each Receivable coming into existence after the Initial
Cut-Off Date, Originator (i) is the legal and beneficial owner of the
Receivables and (ii) is the legal or beneficial owner of the Related Security
with respect thereto or possesses a valid and perfected security interest
therein, in each case, free and clear of any Adverse Claim, except as created by
the Transaction Documents. There have been duly filed all financing statements
or other similar instruments or documents necessary under the UCC (or any
comparable law) of all appropriate jurisdictions to perfect Originator's
ownership interest in each Receivable, its Collections and the Related Security.

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                  (i) Perfection. This Agreement, together with the filing of
the financing statements contemplated hereby, is effective to transfer to Buyer
(and Buyer shall acquire from Originator) (i) legal and equitable title to, with
the right to sell and encumber each Receivable existing and hereafter arising,
together with the Collections with respect thereto, and (ii) all of Originator's
right, title and interest in the Related Security associated with each
Receivable, in each case, free and clear of any Adverse Claim, except as created
by the Transactions Documents. There have been duly filed all financing
statements or other similar instruments or documents necessary under the UCC (or
any comparable law) of all appropriate jurisdictions to perfect Buyer's
ownership interest in the Receivables, the Related Security (to the extent such
Related Security is covered by Article 9 of the UCC) and the Collections.

                  (j) Places of Business, Jurisdiction of Organization and
Locations of Records. The principal places of business, jurisdiction of
organization and chief executive office of Originator and the offices where it
keeps all of its Records are located at the address listed on Exhibit II or such
other locations of which Buyer has been notified in accordance with Section
4.2(a) in jurisdictions where all action required by Section 4.2(a) has been
taken and completed. Originator's organizational number assigned to it by its
jurisdiction of organization and Originator's Federal Employer Identification
Number are correctly set forth on Exhibit II. Originator has not, within a
period of one year prior to the date hereof, (i) changed the location of its
principal place of business or chief executive office or its corporate
structure, (ii) changed its legal name, (iii) become a "new debtor" (as defined
in Section 9-102(a)(56) of the UCC in effect in the state of Maryland or (iv)
changed its jurisdiction of organization. Originator is a Maryland corporation
and is a "registered organization" (within the meaning of Section 9-102 of the
UCC in effect in the State of Maryland).

                  (k) Collections. The conditions and requirements set forth in
Section 4.1(i) have at all times been satisfied and duly performed. The names
and addresses of all Collection Banks, together with the account numbers of the
Collection Accounts of Originator at each Collection Bank and the post office
box number of each Lock-Box, are listed on Exhibit III. Originator has not
granted any Person dominion and control (other than Buyer) or "control" (within
the meaning of Section 9-104 of the UCC of all applicable jurisdictions) (other
than the Agent as contemplated by the Purchase Agreement) of any Lock-Box or
Collection Account, or the right to take dominion and control of any such
Lock-Box or Collection Account at a future time or upon the occurrence of a
future event. Originator has taken all steps necessary to ensure that the Buyer
has legal and equitable title to, and ownership of, all Collection Accounts and
Lock-Boxes. Originator has the ability to identify within two (2) Business Days
of deposit, all amounts that are deposited to the ACH Account as constituting
Collections or non-Collections.

                  (l) Material Adverse Effect. Since December 31, 2001 no event
has occurred that would have a Material Adverse Effect.

                  (m) Names. In the past five (5) years, Originator has not used
any corporate names, trade names or assumed names other than the name in which
it has executed this Agreement and other than the trade names listed on Exhibit
II hereto.

                  (n) Ownership of Buyer. Originator owns, directly or
indirectly, 100% of the issued and outstanding capital stock of Buyer, free and
clear of any Adverse Claim. Such capital

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stock is validly issued, fully paid and nonassessable, and there are no options,
warrants or other rights to acquire securities of Buyer.

                  (o) Not a Holding Company or an Investment Company. Originator
is not a "holding company" or a "subsidiary holding company" of a "holding
company" within the meaning of the Public Utility Holding Company Act of 1935,
as amended, or any successor statute. Originator is not, and after giving effect
to the transactions contemplated hereby, will not be required to register as, an
"investment company" within the meaning of the Investment Company Act of 1940,
as amended, or any successor statute.

                  (p) Compliance with Law. Originator has complied in all
respects with all applicable laws, rules, regulations, orders, writs, judgments,
injunctions, decrees or awards to which it may be subject, except where the
failure to so comply could not reasonably be expected to have a Material Adverse
Effect (such determination to be made solely by Agent). Each Receivable,
together with the Contract related thereto, does not contravene any laws, rules
or regulations applicable thereto (including, without limitation, laws, rules
and regulations relating to truth in lending, fair credit billing, fair credit
reporting, equal credit opportunity, fair debt collection practices and
privacy), and no part of such Contract is in violation of any such law, rule or
regulation, except where, in each of the foregoing cases, such contravention or
violation could not reasonably be expected to have a Material Adverse Effect
(such determination to be made solely by Agent).

                  (q) Compliance with Credit and Collection Policy. Originator
has complied in all material respects with the Credit and Collection Policy with
regard to each Receivable and the related Contract, and has not made any
material change to such Credit and Collection Policy, except such material
change as to which Buyer (or its assigns) has been notified in accordance with
Section 4.1(a)(vii).

                  (r) Payments to Originator. With respect to each Receivable
transferred to Buyer hereunder, the Purchase Price received by Originator
constitutes reasonably equivalent value in consideration therefor and such
transfer was not made for or on account of an antecedent debt. No transfer by
Originator of any Receivable hereunder is or may be voidable under any section
of the Bankruptcy Reform Act of 1978 (11 U.S.C. Sections 101 et seq.), as
amended.

                  (s) Enforceability of Contracts. Each Contract with respect to
each Receivable is effective to create, and has created, a legal, valid and
binding obligation of the related Obligor to pay the Outstanding Balance of the
Receivable created thereunder (as such Outstanding Balance may be adjusted
pursuant to the terms of the Contract) and any accrued interest thereon,
enforceable against the Obligor in accordance with its terms, except as such
enforcement may be limited by applicable bankruptcy, insolvency, reorganization
or other similar laws relating to or limiting creditors' rights generally and by
general principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law).

                  (t) Eligible Receivables. Each Receivable included at any time
in the Net Receivables Balance as an Eligible Receivable was, on the later to
occur of the date of the Purchase and the date it came into existence, an
Eligible Receivable on such date.

                                       9

<PAGE>

                  (u) Accounting. The fact that Originator does not account for
the transactions contemplated by this Agreement as sales for financial or tax
accounting purposes does not jeopardize the legal characterization of the
transactions contemplated herein as being true sales.

                  (v) Identification of Receivables. Originator identifies
receivables belonging to the "Company 1" accounting classification in the GEAC
Accounting System with an account code beginning with "01000000000" followed by
a two-alpha, three numeric identification system.

                  (w) Master Data Processing Records. Originator does not
maintain any master data processing records or other database that includes or
refers to the Receivables other than those relating to the aging of the
Receivables.

                  (x) Receivables Not Evidenced by Negotiable Instruments. At
the time each Receivable is created, such Receivable is not evidenced by a
negotiable instrument.

                                  ARTICLE III.
                             CONDITIONS OF PURCHASE

                  Section 3.1 Conditions Precedent to Purchase. The Purchase
under this Agreement is subject to the conditions precedent that (a) Buyer shall
have received on or before the date of such purchase those documents listed on
Schedule A and (b) all of the conditions to the initial purchase under the
Purchase Agreement shall have been satisfied or waived in accordance with the
terms thereof.

                  Section 3.2 Conditions Precedent to Subsequent Payments.
Buyer's obligation to pay for Receivables coming into existence after the
Initial Cutoff Date shall be subject to the further conditions precedent that
(a) the Facility Termination Date shall not have occurred; (b) Buyer (or its
assigns) shall have received such other approvals, opinions or documents as it
may reasonably request and (c) on the date such Receivable came into existence,
the following statements shall be true (and acceptance of the proceeds of any
payment for such Receivable shall be deemed a representation and warranty by
Originator that such statements are then true):

               (i)  the representations and warranties set forth in Article II
          are true and correct on and as of the date such Receivable came
          into existence as though made on and as of such date; and

               (ii)  no event has occurred and is continuing that will
          constitute a Termination Event.

Notwithstanding the foregoing conditions precedent, upon payment of the Purchase
Price for any Receivable (whether by payment of cash, through an increase in the
amounts outstanding under the Subordinated Note, by offset of amounts owed to
Buyer and/or by offset of capital contributions), title to such Receivable and
the Related Security and Collections with respect thereto shall vest in Buyer,
whether or not the conditions precedent to Buyer's obligation to pay for such
Receivable were in fact satisfied. The failure of Originator to satisfy any of
the foregoing conditions precedent, however, shall give rise to a right of Buyer
to rescind the related

                                       10
<PAGE>

purchase and direct Originator to pay to Buyer an amount equal to the Purchase
Price payment that shall have been made with respect to any Receivables related
thereto.

                                   ARTICLE IV.
                                    COVENANTS

                  Section 4.1 Affirmative Covenants of Originator. Until the
date on which this Agreement terminates in accordance with its terms, Originator
hereby covenants as set forth below:

                  (a) Financial Reporting. Originator will maintain, for itself
and each of its Subsidiaries, a system of accounting established and
administered in accordance with GAAP, and furnish to Buyer (or its assigns):

                                    (i) Compliance Certificate. A compliance
         certificate in substantially the form of Exhibit IV signed by
         Originator's Authorized Officer and dated the last date of a fiscal
         quarter or year, as the case may be.

                                    (ii) Shareholders Statements and Reports.
         Promptly upon the furnishing thereof to the shareholders of Originator
         copies of all financial statements, reports and proxy statements so
         furnished.

                                    (iii) S.E.C. Filings. Promptly upon the
         filing thereof, copies of all registration statements and annual,
         quarterly, monthly or other regular reports which Originator or any of
         its Subsidiaries files with the Securities and Exchange Commission.

                                    (iv) Copies of Notices. Promptly upon its
         receipt of any notice, request for consent, financial statements,
         certification, report or other communication under or in connection
         with any Transaction Document from any Person other than Buyer, the
         Agent or Company, copies of the same.

                                    (v) Change in Credit and Collection Policy.
         At least thirty (30) days prior to the effectiveness of any material
         change in or material amendment to the Credit and Collection Policy, a
         copy of the Credit and Collection Policy then in effect and a notice
         (A) indicating such change or amendment ,and (B) if such proposed
         change or amendment would be reasonably likely to adversely affect the
         collectibility of the Receivables or decrease the credit quality of any
         newly created Receivables, requesting Buyer's consent thereto.

                                    (vi) Other Information. Promptly, from time
         to time, such other information, documents, records or reports relating
         to the Receivables or the condition or operations, financial or
         otherwise, of Originator as Buyer (or its assigns) may from time to
         time reasonably request in order to protect the interests of Buyer (and
         its assigns) under or as contemplated by this Agreement.

                  (b) Notices. Originator will notify the Buyer (or its assigns)
in writing of any of the following promptly upon learning of the occurrence
thereof, describing the same and, if applicable, the steps being taken with
respect thereto:

                                       11

<PAGE>

                                    (i) Termination Events or Potential
         Termination Events. The occurrence of each Termination Event and each
         Potential Termination Event, by a statement of an Authorized Officer of
         Originator.

                                    (ii) Judgment and Proceedings. (1) The entry
         of any judgment or decree against Originator or any of its Subsidiaries
         if the aggregate amount of all judgments and decrees then outstanding
         against Originator and its Subsidiaries exceeds $10,000,000, and (2)
         the institution of any litigation, arbitration proceeding or
         governmental proceeding against Originator that could reasonably be
         expected to have a Material Adverse Effect.

                                    (iii) Material Adverse Effect. The
         occurrence of any event or condition that has had, or could reasonably
         be expected to have, a Material Adverse Effect.

                                    (iv) Defaults Under Other Agreements. The
         occurrence of a default or an event of default under any other
         financing arrangement pursuant to which Originator is a debtor or an
         obligor.

                  (c) Compliance with Laws and Preservation of Corporate
Existence. Originator will comply in all respects with all applicable laws,
rules, regulations, orders, writs, judgments, injunctions, decrees or awards to
which it may be subject, except where the failure to so comply could not
reasonably be expected to have a Material Adverse Effect (such determination to
be made solely by Agent). Originator will preserve and maintain its corporate
existence, rights, franchises and privileges in the jurisdiction of its
incorporation, and qualify and remain qualified in good standing as a foreign
corporation in each jurisdiction where its business is conducted, except where
the failure to so qualify or remain in good standing could not reasonably be
expected to have a Material Adverse Effect (such determination to be made solely
by Agent).

                  (d) Audits. Originator will furnish to Buyer (or its assigns)
from time to time such information with respect to it and the Receivables as
Buyer (or its assigns) may reasonably request. Originator will, from time to
time during regular business hours as requested by Buyer (or its assigns), upon
reasonable notice and at the sole cost of Originator, permit Buyer (or its
assigns) or their respective agents or representatives, (i) to examine and make
copies of and  abstracts from all Records in the possession or under the
control of Originator relating to the Receivables and the Related Security and
Shared Security, including, without limitation, the related Contracts, and (ii)
to visit the offices and properties of Originator for the purpose of examining
such materials described in clause (i) above, and to discuss matters relating to
Originator's financial condition or the Receivables and the Related Security and
Shared Security or Originator's performance under any of the Transaction
Documents or Originator's performance under the Contracts and, in each case,
with any of the officers or employees of Originator having knowledge of such
matters. Originator will, (A) annually and prior to any Financial Institution
renewing its Commitment under the Purchase Agreement, during regular business
hours as requested by Buyer upon reasonable notice and at the sole cost of
Originator, permit Buyer, or its agents or representatives, to conduct a
follow-up audit; (B) from and after the occurrence of any Termination Event, at
any time during regular business hours as requested

                                       12
<PAGE>

by Buyer and at the sole cost of Originator, permit Buyer, or its agents or
representatives, to conduct a follow-up audit; and (C) at any time during
regular business hours as requested by Buyer upon reasonable notice and at the
sole cost of Buyer, permit Buyer, or its agents or representatives, to conduct a
follow-up audit, provided that the audits conducted pursuant to this clause (C)
shall not exceed two per fiscal year unless the results from any such follow-up
audit are unsatisfactory in the sole discretion of Buyer.

                  (e)      Keeping and Marking of Records and Books.

                                    (i) Originator will maintain and implement
         administrative and operating procedures (including, without limitation,
         an ability to recreate records evidencing Receivables in the event of
         the destruction of the originals thereof), and keep and maintain all
         documents, books, records and other information reasonably necessary or
         advisable for the collection of all Receivables (including, without
         limitation, records adequate to permit the immediate identification of
         each new Receivable and all Collections of and adjustments to each
         existing Receivable). Originator will give Buyer (or its assigns)
         notice of any material change in the administrative and operating
         procedures referred to in the previous sentence.

                                    (ii) Originator will (A) on or prior to the
         date hereof, mark its master data processing records relating to the
         aging of the Receivables with a legend, acceptable to Buyer (or its
         assigns), describing Buyer's ownership interests in the Receivables and
         further describing the Purchaser Interests of the Agent (on behalf of
         the Purchasers) under the Purchase Agreement and (B) upon the request
         of Buyer (or its assigns) from and after the occurrence of any
         Termination Event, (x) mark each Contract and other books and records
         relating to the Receivables with a legend describing Buyer's ownership
         interests in the Receivables and further describing the Purchaser
         Interests of the Agent (on behalf of the Purchasers) and (y) deliver to
         Buyer (or its assigns) all Contracts (including, without limitation,
         all multiple originals of any such Contract) and other books and
         records relating to the Receivables (it being understood and agreed
         that Originator may retain copies of all such Contracts and, upon the
         request of Originator, Buyer will (to the extent such Contracts are in
         its possession) return (1) the original copy of any such Contract for
         the sole and limited purpose of enabling Originator to enforce its
         rights thereunder and (2) the original copy of any such Contract
         following the indefeasible payment in full of the Aggregate Unpaids).

                  (f) Compliance with Contracts and Credit and Collection
Policy. Originator will timely and fully (i) perform and comply with all
material provisions, covenants and other promises required to be observed by it
under the Contracts related to the Receivables, and (ii) comply in all material
respects with the Credit and Collection Policy in regard to each Receivable and
the related Contract.

                  (g) Ownership. Originator will take all necessary action to
establish and maintain, irrevocably in Buyer, (A) legal and equitable title to
the Receivables and the Collections and (B) all of Originator's right, title and
interest in the Related Security associated with the Receivables (to the extent
such Related Security is covered by Article 9 of the UCC), in each case, free
and clear of any Adverse Claims other than Adverse Claims in favor of Buyer

                                       13
<PAGE>

(and its assigns) (including, without limitation, the filing of all financing
statements or other similar instruments or documents necessary under the UCC (or
any comparable law) of all appropriate jurisdictions to perfect Buyer's interest
in such Receivables, Related Security and Collections and such other action to
perfect, protect or more fully evidence the interest of Buyer as Buyer (or its
assigns) may reasonably request).

                  (h) Purchasers' Reliance. Originator acknowledges that the
Agent and the Purchasers are entering into the transactions contemplated by the
Purchase Agreement in reliance upon Buyer's identity as a legal entity that is
separate from Originator and any Affiliates thereof. Therefore, from and after
the date of execution and delivery of this Agreement, Originator will take all
reasonable steps including, without limitation, all steps that Buyer or any
assignee of Buyer may from time to time reasonably request to maintain Buyer's
identity as a separate legal entity and to make it manifest to third parties
that Buyer is an entity with assets and liabilities distinct from those of
Originator and any Affiliates thereof and not just a division of Originator or
any such Affiliate. Without limiting the generality of the foregoing and in
addition to the other covenants set forth herein, Originator (i) will not hold
itself out to third parties as liable for the debts of Buyer nor purport to own
the Receivables and other assets acquired by Buyer, (ii) will take all other
actions necessary on its part to ensure that Buyer is at all times in compliance
with the covenants set forth in Section 7.1(i) of the Purchase Agreement and
(iii) will cause all tax liabilities arising in connection with the transactions
contemplated herein or otherwise to be allocated between Originator and Buyer on
an arm's-length basis and in a manner consistent with the procedures set forth
in U.S. Treasury Regulations Sections 1.1502-33(d) and 1.1552-1.

                  (i) Collections. Subject to the second sentence of this clause
(i), Originator will cause (1) all proceeds from all Lock-Boxes to be directly
deposited by a Collection Bank into a Collection Account, (2) from and after
September 24, 2002, cause all Collections to be remitted to a Collection Account
and not the ACH Account, and (3) each Lock-Box and Collection Account to be
subject at all times to a Collection Account Agreement that is in full force and
effect. In the event any payments relating to receivables not owned by Buyer are
remitted directly to a Lock-Box, Originator will transfer (or will cause all
such amounts to be transferred) out of the Lock-Box or Collection Account within
one (1) Business Day following discovery thereof. In the event any payments
relating to Receivables are remitted directly to Originator or any Affiliate of
Originator, Originator will remit (or will cause all such payments to be
remitted) directly to a Collection Bank and deposited into a Collection Account
within two (2) Business Days following discovery thereof and, at all times prior
to such remittance, Originator will itself hold or, if applicable, will cause
such payments to be held in trust for the exclusive benefit of Buyer and its
assigns. Originator will transfer exclusive ownership of, and all legal and
equitable title to, each Lock-Box and Collection Account to Buyer and, will not
grant the right to take dominion and control of any Lock-Box or Collection
Account at a future time or upon the occurrence of a future event to any other
Person, except the Agent as contemplated by the Purchase Agreement.

                  (j) Taxes. To the extent not filed by Ceridian, Originator
will file all tax returns and reports required by law to be filed by it. To the
extent not paid by Ceridian, Originator shall pay and discharge as the same
shall become due and payable, all tax liabilities, assessments and governmental
charges or levies upon it or its properties or assets, unless the

                                       14

<PAGE>

same are being contested in good faith by appropriate proceedings and adequate
reserves in accordance with GAAP are being maintained by Originator, provided,
however, that Originator shall not be deemed to be in default under this clause
(j) if failure to comply herewith would not result in a Material Adverse Effect.
Originator will pay when due any taxes payable in connection with the
Receivables, exclusive of taxes on or measured by income or gross receipts of
Buyer and its assigns.

                  (k) Insurance. Originator will maintain in effect, or cause to
be maintained in effect, at Originator's own expense, such casualty and
liability insurance as Originator deems appropriate in its good faith business
judgement. Originator will pay or cause to be paid, the premiums therefor and
deliver to Buyer and the Agent evidence satisfactory to Buyer and the Agent of
such insurance coverage. Copies of each declarations page shall be made
available for inspection to Buyer, the Agent and any Purchaser upon Buyer's, the
Agent's or such Purchaser's request.

                  (l) Identification of Receivables. Originator will continue to
identify receivables belonging to the "Company 1" accounting classification in
the GEAC Accounting System with an account code beginning with "01000000000"
followed by a two-alpha, three numeric identification system.

                  (m) Shared Security. Upon the request of Buyer, Originator
will exercise any and all of its rights to foreclose, draw, collect, liquidate
or otherwise convert to cash or other property any Shared Security which
secures, guarantees or provides other support in respect of any Receivable for
the satisfaction of any defaulted obligation. Immediately upon receipt of any
cash or other proceeds of Shared Security which secure, guarantee or provide
other support in respect of any Receivable, Originator shall deliver to Buyer
that portion which relates to such Receivable and, at all times prior to
delivering such proceeds to Buyer, Originator shall hold the same in trust for
the benefit of Buyer and its assigns.

      Section 4.2 Negative Covenants of Originator. Until the date on which this
Agreement terminates in accordance with its terms, Originator hereby covenants
that:

                  (a) Name Change, Jurisdiction of Organization, Corporate
Structure, Offices and Records. Originator will not change its name, identity,
jurisdiction of organization or corporate structure (within the meaning of
Sections 9-503 and/or 9-507 of the UCC of all applicable jurisdictions) or
relocate its chief executive office, principal place of business or any office
where Records are kept unless it shall have: (i) given Buyer (or its assigns) at
least forty-five (45) days' prior written notice thereof and (ii) delivered to
Buyer (or its assigns) all financing statements, instruments and other documents
requested by Buyer (or its assigns) in connection with such change or
relocation.

                  (b) Change in Payment Instructions to Obligors. Originator
will not add or terminate any bank as a Collection Bank, or make any change in
the instructions to Obligors regarding payments to be made to any Lock-Box or
Collection Account, unless Buyer (or its assigns) shall have received, at least
ten (10) days before the proposed effective date therefor, (i) written notice of
such addition, termination or change and (ii) with respect to the addition of a
Collection Bank or a Collection Account or Lock-Box, an executed Collection
Account

                                       15
<PAGE>

Agreement with respect to the new Collection Account or Lock-Box; provided,
however, that Originator may make changes in instructions to Obligors regarding
payments if such new instructions require such Obligor to make payments to
another existing Collection Account.

                  (c) Modifications to Contracts and Credit and Collection
Policy. Originator will not make any change to the Credit and Collection Policy
that could adversely affect the collectibility of the Receivables or decrease
the credit quality of any newly created Receivables. Except as otherwise
permitted in its capacity as Servicer pursuant to Article VIII of the Purchase
Agreement, Originator will not extend, amend or otherwise modify the terms of
any Receivable or any Contract related thereto in any material manner other than
in accordance with the Credit and Collection Policy.

                  (d) Sales, Liens. Originator will not sell, assign (by
operation of law or otherwise) or otherwise dispose of, or grant any option with
respect to, or create or suffer to exist any Adverse Claim upon (including,
without limitation, the filing of any financing statement) or with respect to,
any Receivable, Related Security, Shared Security or Collections, or upon or
with respect to any Contract under which any Receivable arises, or any Lock-Box
or Collection Account, or assign any right to receive income with respect
thereto (other than, in each case, the creation of the interests therein in
favor of Buyer provided for herein and, solely in the case of Shared Security
liens in favor of Originator), and Originator will defend the right, title and
interest of Buyer in, to and under any of the foregoing property, against all
claims of third parties claiming through or under Originator. Originator shall
not create or suffer to exist any mortgage, pledge, security interest,
encumbrance, lien, charge or other similar arrangement on any of its inventory.

                  (e) Treatment of Purchases. Other than for financial and tax
accounting purposes, Originator will not, and will not permit any Affiliate to,
account for or treat (whether in financial statements or otherwise) the
transactions contemplated hereby in any manner other than the sale of the
Receivables and the Related Security by Originator to Buyer or in any other
respect account for or treat the transactions contemplated hereby in any manner
other than as a sale of the Receivables and the Related Security by Originator
to Buyer.

                  (f) Collections. Except as contemplated by Section 4.1(i),
Originator will not deposit or otherwise credit, or cause or permit to be so
deposited or credited, to any Collection Account cash or cash proceeds other
than Collections. Except as may be required pursuant to the last sentence of
Section 8.2(b) of the Purchase Agreement, Originator will not deposit or credit,
or cause to be so deposited or credited, any Collections or proceeds thereof to
any lockbox account or to any other account not covered by a Collection Account
Agreement.

                                   ARTICLE V.
                               TERMINATION EVENTS

        Section 5.1 Termination Events. The occurrence of any one or more of
the following events shall constitute a Termination Event:

                  (a) Originator shall fail (i) to make any payment or deposit
required hereunder when due, or (ii) to perform or observe any term, covenant or
agreement hereunder (other than as

                                       16

<PAGE>

referred to in clause (i) of this paragraph (a)) or any other Transaction
Document to which it is a party and such failure shall continue for five (5)
consecutive Business Days.

                  (b) Any representation, warranty, certification or statement
made by Originator in this Agreement, any other Transaction Document or in any
other document delivered pursuant hereto or thereto shall prove to have been
incorrect when made or deemed made.

                  (c) Failure of Originator to pay any Indebtedness when due; or
the default by Originator in the performance of any term, provision or condition
contained in any agreement under which any such Indebtedness was created or is
governed, the effect of which is to cause, or to permit the holder or holders of
such Indebtedness to cause, such Indebtedness to become due prior to its stated
maturity; or any such Indebtedness of Originator shall be declared to be due and
payable or required to be prepaid (other than by a regularly scheduled payment)
prior to the date of maturity thereof.

                  (d) (i) Originator or any of its Subsidiaries shall generally
not pay its debts as such debts become due or shall admit in writing its
inability to pay its debts generally or shall make a general assignment for the
benefit of creditors; or (ii) any proceeding shall be instituted by or against
Originator or any of its Subsidiaries seeking to adjudicate it bankrupt or
insolvent, or seeking liquidation, winding up, reorganization, arrangement,
adjustment, protection, relief or composition of it or its debts under any law
relating to bankruptcy, insolvency or reorganization or relief of debtors, or
seeking the entry of an order for relief or the appointment of a receiver,
trustee or other similar official for it or any substantial part of its property
or (iii) Originator or any of its Subsidiaries shall take any corporate action
to authorize any of the actions set forth in the foregoing clauses (i) or (ii)
of this subsection (d).

                  (e)      A Change of Control shall occur.

                  (f) One or more final judgments for the payment of money in an
amount in excess of $10,000,000, individually or in the aggregate, shall be
entered against Originator on claims not covered by insurance or as to which the
insurance carrier has denied its responsibility, and such judgment shall
continue unsatisfied and in effect for thirty (30) consecutive days without a
stay of execution.

      Section 5.2 Remedies. Upon the occurrence and during the continuation of a
Termination Event, Buyer may take any of the following actions: (i) declare the
Termination Date to have occurred, whereupon the Termination Date shall
forthwith occur, without demand, protest or further notice of any kind, all of
which are hereby expressly waived by Originator; provided, however, that upon
the occurrence of a Termination Event described in Section 5.1(d), or of an
actual or deemed entry of an order for relief with respect to Originator under
the Federal Bankruptcy Code, the Termination Date shall automatically occur,
without demand, protest or any notice of any kind, all of which are hereby
expressly waived by Originator and (ii) to the fullest extent permitted by
applicable law, declare that the Default Fee shall accrue with respect to any
amounts then due and owing by Originator to Buyer. The aforementioned rights and
remedies shall be without limitation and shall be in addition to all other
rights and remedies of Buyer and its assigns otherwise available under any other
provision of this Agreement, by

                                       17
<PAGE>

operation of law, at equity or otherwise, all of which are hereby expressly
preserved, including, without limitation, all rights and remedies provided under
the UCC, all of which rights shall be cumulative.

                                   ARTICLE VI.
                                 INDEMNIFICATION

      Section 6.1 Indemnities by Originator. Without limiting any other rights
that Buyer may have hereunder or under applicable law, Originator hereby agrees
to indemnify (and pay upon demand to) Buyer and its assigns, officers,
directors, agents and employees (each an "Indemnified Party") from and against
any and all damages, losses, claims, taxes, liabilities, costs, expenses and for
all other amounts payable, including reasonable attorneys' fees (which attorneys
may be employees of Buyer or any such assign) and disbursements (all of the
foregoing being collectively referred to as "Indemnified Amounts") awarded
against or incurred by any of them arising out of or as a result of this
Agreement or the acquisition, either directly or indirectly, by Buyer of an
interest in the Receivables, excluding, however:

                  (a) Indemnified Amounts to the extent a final judgment of a
court of competent jurisdiction holds that such Indemnified Amounts resulted
from gross negligence or willful misconduct on the part of the Indemnified Party
seeking indemnification;

                  (b) Indemnified Amounts to the extent the same includes losses
in respect of Receivables that are uncollectible on account of the insolvency,
bankruptcy or lack of creditworthiness of the related Obligor; or

                  (c) taxes imposed by the United States, the Indemnified
Party=s jurisdiction of organization (or, in the case of an individual, primary
residence) or any other jurisdiction in which such Indemnified Party has
established a taxable nexus other than in connection with the transactions
contemplated hereby and by this Agreement, in any case on or measured by the
overall net income of such Indemnified Party to the extent that the computation
of such taxes is consistent with the Intended Characterization;

provided, however, that nothing contained in this sentence shall limit the
liability of Originator or limit the recourse of Buyer to Originator for amounts
otherwise specifically provided to be paid by Originator under the terms of this
Agreement. Without limiting the generality of the foregoing indemnification,
Originator shall indemnify Buyer for Indemnified Amounts (including, without
limitation, losses in respect of uncollectible receivables, regardless of
whether reimbursement therefor would constitute recourse to Originator) relating
to or resulting from:

                                    (i) any representation or warranty made by
         Performance Guarantor or Originator (or any officers of Performance
         Guarantor or Originator) under or in connection with this Agreement,
         any other Transaction Document or any other information or report
         delivered by Originator pursuant hereto or thereto that shall have been
         false or incorrect when made or deemed made;

                                    (ii) the failure by Originator, to comply
         with any applicable law, rule or regulation with respect to any
         Receivable or contract related thereto, or the

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<PAGE>

         nonconformity of any Receivable or contract included therein with any
         such applicable law, rule or regulation or any failure of Originator
         to keep or perform any of its obligations, express or implied, with
         respect to any such contract;

                                    (iii) any failure of Performance Guarantor
         or Originator to perform its duties, covenants or other obligations in
         accordance with the provisions of this Agreement or any other
         Transaction Document to which they are parties;

                                    (iv) any products liability, personal injury
         or damage, suit or other similar claim arising out of or in connection
         with merchandise, insurance or services that are the subject of any
         contract related to any Receivable or any Receivable;

                                    (v) any dispute, claim, offset or defense
         (other than discharge in bankruptcy of the Obligor) of the Obligor to
         the payment of any Receivable (including, without limitation, a defense
         based on such Receivable or the related contract not being a legal,
         valid and binding obligation of such Obligor enforceable against it in
         accordance with its terms), or any other claim resulting from the sale
         of the merchandise or service related to such Receivable or the
         furnishing or failure to furnish such merchandise or services;

                                    (vi) the commingling of Collections of
         Receivables at any time with other funds;

                                    (vii) any investigation, litigation or
         proceeding related to or arising from this Agreement or any other
         Transaction Document, the transactions contemplated hereby, the use of
         the proceeds of any Purchase Price payment, the ownership of the
         Receivables or any other investigation, litigation or proceeding
         relating to Originator in which any Indemnified Party becomes involved
         as a result of any of the transactions contemplated hereby;

                                    (viii) any inability to litigate any claim
         against any Obligor in respect of any Receivable as a result of such
         Obligor being immune from civil and commercial law and suit on the
         grounds of sovereignty or otherwise from any legal action, suit or
         proceeding;

                                    (ix) any Termination Event described in
         Section 5.1(d);

                                    (x) any failure to vest and maintain vested
         in Buyer, or to transfer to Buyer, legal and equitable title to, and
         ownership of, the Receivables and the Collections, and all of
         Originator's right, title and interest in all Related Security
         associated with the Receivables (whether or not such Related Security
         is covered by Article 9 of the UCC) and any Shared Security, in each
         case, free and clear of any Adverse Claim;

                                    (xi) the failure to have filed, or any delay
         in filing, financing statements or other similar instruments or
         documents under the UCC of any applicable jurisdiction or other
         applicable laws with respect to any Receivable, the Related Security
         (whether or not such Related Security is covered by Article 9 of the
         UCC), any Shared

                                       19

<PAGE>

         Security and Collections with respect thereto, and the proceeds of any
         thereof, whether at the time of the Purchase or at any subsequent time;

                                    (xii) any action or omission by Originator
         which reduces or impairs the rights of Buyer with respect to any
         Receivable or the value of any such Receivable;

                                    (xiii) any attempt by any Person to void the
         Purchase hereunder under statutory provisions or common law or
         equitable action; and

                                    (xiv) the failure of any Receivable included
         in the calculation of the Net Receivables Balance as an Eligible
         Receivable to be an Eligible Receivable at the time so included.

         Section 6.2 Other Costs and Expenses. Originator shall reimburse Buyer
on demand for all invoiced and reasonable costs and out-of-pocket expenses in
connection with the preparation, execution, delivery and administration of this
Agreement, the transactions contemplated hereby and the other documents to be
delivered hereunder. Originator shall reimburse Buyer on demand for any and all
costs and expenses of Buyer, if any, including reasonable counsel fees and
expenses in connection with the enforcement of this Agreement and the other
documents delivered hereunder and in connection with any restructuring or
workout of this Agreement or such documents, or the administration of this
Agreement following a Termination Event.

                                  ARTICLE VII.
                                  MISCELLANEOUS

         Section 7.1       Waivers and Amendments.

                  (a) No failure or delay on the part of Buyer (or its assigns)
in exercising any power, right or remedy under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power,
right or remedy preclude any other further exercise thereof or the exercise of
any other power, right or remedy. The rights and remedies herein provided shall
be cumulative and nonexclusive of any rights or remedies provided by law. Any
waiver of this Agreement shall be effective only in the specific instance and
for the specific purpose for which given.

                  (b) No provision of this Agreement may be amended,
supplemented, modified or waived except in writing signed by Originator and
Buyer and, to the extent required under the Purchase Agreement, the Agent and
the Financial Institutions or the Required Financial Institutions.

         Section 7.2 Notices. All communications and notices provided for
hereunder shall be in writing (including bank wire, telecopy or electronic
facsimile transmission or similar writing) and shall be given to the other
parties hereto at their respective addresses or telecopy numbers set forth on
the signature pages hereof or at such other address or telecopy number as such
Person may hereafter specify for the purpose of notice to each of the other
parties hereto. Each such notice or other communication shall be effective (i)
if given by telecopy, upon the receipt

                                       20

<PAGE>

thereof, (ii) if given by mail, three (3) Business Days after the time such
communication is deposited in the mail with first class postage prepaid or (iii)
if given by any other means, when received at the address specified in this
Section 7.2.

         Section 7.3       Protection of Ownership Interests of Buyer.

                  (a) Originator agrees that from time to time, at its expense,
it will promptly execute and deliver all instruments and documents, and take all
actions, that may be necessary or desirable, or that Buyer (or its assigns) may
request, to perfect, protect or more fully evidence the interest of Buyer
hereunder and the Purchaser Interests, or to enable Buyer (or its assigns) to
exercise and enforce their rights and remedies hereunder. Without limiting the
foregoing, Originator will, upon the request of the Buyer, file such financing
or continuation statements, or amendments thereto or assignments thereof, and
execute and file such other instruments and documents, that may be necessary or
desirable, or that the Buyer may reasonably request, to perfect, protect or
evidence such Purchase Interests. At any time following the occurrence of an
Amortization Event under the Purchase Agreement, Buyer (or its assigns) may, at
Originator's sole cost and expense, direct Originator to notify the Obligors of
Receivables of the ownership interests of Buyer under this Agreement and may
also direct that payments of all amounts due or that become due under any or all
Receivables be made directly to Buyer or its designee.

                  (b) If Originator fails to perform any of its obligations
hereunder, Buyer (or its assigns) may (but shall not be required to) perform, or
cause performance of, such obligations, and Buyer's (or such assigns') costs and
expenses incurred in connection therewith shall be payable by Originator as
provided in Section 6.2. Originator irrevocably authorizes Buyer (and its
assigns) at any time and from time to time in the sole discretion of Buyer (or
its assigns), and appoints Buyer (and its assigns) as its attorney(ies)-in-fact,
to act on behalf of Originator (i) to authorize on behalf of Originator as
debtor and to file financing or continuation statements (and amendments thereto
and assignments thereof) necessary or desirable in Buyer's (or its assigns')
sole discretion to perfect and to maintain the perfection and priority of the
interest of Buyer in the Receivables and (ii) to file a carbon, photographic or
other reproduction of this Agreement or any financing statement with respect to
the Receivables as a financing statement in such offices as Buyer (or its
assigns) in their sole discretion deem necessary or desirable to perfect and to
maintain the perfection and priority of Buyer's interests in the Receivables.
This appointment is coupled with an interest and is irrevocable. The
authorization by Originator set forth in the second sentence of this Section
7.3(b) is intended to meet all requirements for authorization by a debtor under
Article 9 of the UCC in effect in the state of Maryland, including, without
limitation, Section 9-509 thereof.

         Section 7.4       Confidentiality.

                  (a) Originator shall maintain and shall cause each of its
employees and officers to maintain the confidentiality of this Agreement and the
other confidential or proprietary information with respect to the Agent and
Company and their respective businesses obtained by it or them in connection
with the structuring, negotiating and execution of the transactions contemplated
herein, except that Originator and its officers and employees may disclose such
information to Originator's external accountants and attorneys (provided that
each such Person is informed of the confidential nature of such information) and
as required by any

                                       21
<PAGE>

applicable law, rule, regulation (including, without limitation, the federal
securities laws and regulations), direction, request or order of any judicial,
administrative or regulatory authority or proceedings (whether or not having the
force or effect of law).

                  (b) Anything herein to the contrary notwithstanding,
Originator hereby consents to the disclosure of any nonpublic information with
respect to it (i) to Buyer, the Agent, the Financial Institutions or Company by
each other, (ii) by Buyer, the Agent or the Purchasers to any prospective or
actual assignee or participant of any of them and (iii) by the Agent to any
rating agency, Commercial Paper dealer or provider of a surety, guaranty or
credit or liquidity enhancement to Company or any entity organized for the
purpose of purchasing, or making loans secured by, financial assets for which
Bank One acts as the administrative agent and to any officers, directors,
employees, outside accountants and attorneys of any of the foregoing, provided
each such Person is informed of the confidential nature of such information. In
addition, the Purchasers and the Agent may disclose any such nonpublic
information pursuant to any law, rule, regulation, direction, request or order
of any judicial, administrative or regulatory authority or proceedings (whether
or not having the force or effect of law).

                  (c) Buyer shall maintain and shall cause each of its employees
and officers to maintain the confidentiality of this Agreement and the other
confidential or proprietary information with respect to Originator, the Obligors
and their respective businesses obtained by it in connection with the due
diligence evaluations, structuring, negotiating and execution of the Transaction
Documents, and the consummation of the transactions contemplated herein and any
other activities of Buyer arising from or related to the transactions
contemplated herein provided, however, that each of Buyer and its employees and
officers shall be permitted to disclose such confidential or proprietary
information: (i) to the Agent and the other Purchasers, (ii) to any prospective
or actual assignee or participant of the Agent or the other Purchasers who
execute a confidentiality agreement for the benefit of Originator and Buyer on
terms comparable to those required of Buyer hereunder with respect to such
disclosed information, (iii) to any rating agency, provider of a surety,
guaranty or credit or liquidity enhancement to Company, (iv) to any officers,
directors, employees, outside accountants and attorneys of any of the foregoing,
and (v) to the extent required pursuant to any applicable law, rule, regulation,
direction, request or order of any judicial, administrative or regulatory
authority or proceedings with competent jurisdiction (whether or not having the
force or effect of law) so long as such required disclosure is made under seal
to the extent permitted by applicable law or by rule of court or other
applicable body.

         Section 7.5 Bankruptcy Petition. (a) Originator and Buyer each hereby
covenants and agrees that, prior to the date that is one year and one day after
the payment in full of all outstanding senior Indebtedness of Company or any
Financial Institution that is a special purpose bankruptcy remote entity, it
will not institute against, or join any other Person in instituting against,
Company or any such entity any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings or other similar proceeding under the laws
of the United States or any state of the United States.

                  (b) Originator covenants and agrees that, prior to the date
that is one year and one day after the payment in full of all outstanding
obligations of Buyer under the Purchase Agreement, it will not institute
against, or join any other Person in instituting against, Buyer any

                                       22

<PAGE>

bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
or other similar proceeding under the laws of the United States or any state of
the United States.

      Section 7.6 Limitation of Liability. (a) Except with respect to any claim
arising out of the willful misconduct or gross negligence of Company, the Agent
or any Financial Institution, no claim may be made by Originator or any other
Person against Company, the Agent or any Financial Institution or their
respective Affiliates, directors, officers, employees, attorneys or agents for
any special, indirect, consequential or punitive damages in respect of any claim
for breach of contract or any other theory of liability arising out of or
related to the transactions contemplated by this Agreement, or any act, omission
or event occurring in connection therewith; and Originator hereby waives,
releases, and agrees not to sue upon any claim for any such damages, whether or
not accrued and whether or not known or suspected to exist in its favor.

               (b) Without limiting the provisions of Article VI hereof and
except with respect to any claim arising out of the willful misconduct or gross
negligence of Originator, no claim may be made by Company, the Agent or any
Financial Institution or any other Person against Originator or its Affiliates,
directors, officers, employees, attorneys or agents for any special, indirect,
consequential or punitive damages in respect of any claim for breach of contract
or any other theory of liability arising out of or related to the transactions
contemplated by this Agreement, or any act, omission or event occurring in
connection therewith; and Company, the Agent and each Financial Institution
hereby waives, releases, and agrees not to sue upon any claim for any such
damages, whether or not accrued and whether or not known or suspected to exist
in its favor.

         Section 7.7 CHOICE OF LAW. THIS AGREEMENT SHALL BE GOVERNED AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS.

         Section 7.8 CONSENT TO JURISDICTION. ORIGINATOR HEREBY IRREVOCABLY
SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR
ILLINOIS STATE COURT SITTING IN CHICAGO, ILLINOIS IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY
ORIGINATOR PURSUANT TO THIS AGREEMENT AND ORIGINATOR HEREBY IRREVOCABLY AGREES
THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR
HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN
SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL
LIMIT THE RIGHT OF BUYER (OR ITS ASSIGNS) TO BRING PROCEEDINGS AGAINST
ORIGINATOR IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY
ORIGINATOR AGAINST BUYER (OR ITS ASSIGNS) OR ANY AFFILIATE THEREOF INVOLVING,
DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR
CONNECTED WITH THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY ORIGINATOR PURSUANT TO
THIS AGREEMENT SHALL BE BROUGHT ONLY IN A COURT IN CHICAGO, ILLINOIS.

                                       23

<PAGE>

         Section 7.9 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES TRIAL
BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER
(WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF,
RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY DOCUMENT EXECUTED BY
ORIGINATOR PURSUANT TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED HEREUNDER
OR THEREUNDER.

         Section 7.10      Integration; Binding Effect; Survival of Terms.

                  (a) This Agreement and each other Transaction Document contain
the final and complete integration of all prior expressions by the parties
hereto with respect to the subject matter hereof and shall constitute the entire
agreement among the parties hereto with respect to the subject matter hereof
superseding all prior oral or written understandings.

                  (b) This Agreement shall be binding upon and inure to the
benefit of Originator, Buyer and their respective successors and permitted
assigns (including any trustee in bankruptcy). Originator may not assign any of
its rights and obligations hereunder or any interest herein without the prior
written consent of Buyer. Buyer may assign at any time its rights and
obligations hereunder and interests herein to any other Person without the
consent of Originator. Without limiting the foregoing, Originator acknowledges
that Buyer, pursuant to the Purchase Agreement, may assign to the Agent, for the
benefit of the Purchasers, its rights, remedies, powers and privileges hereunder
and that the Agent may further assign such rights, remedies, powers and
privileges to the extent permitted in the Purchase Agreement. Originator agrees
that the Agent, as the assignee of Buyer, shall, subject to the terms of the
Purchase Agreement, have the right to enforce this Agreement and to exercise
directly all of Buyer's rights and remedies under this Agreement (including,
without limitation, the right to give or withhold any consents or approvals of
Buyer to be given or withheld hereunder) and Originator agrees to cooperate
fully with the Agent in the exercise of such rights and remedies. This Agreement
shall create and constitute the continuing obligations of the parties hereto in
accordance with its terms and shall remain in full force and effect until
terminated in accordance with its terms; provided, however, that the rights and
remedies with respect to (i) any breach of any representation and warranty made
by Originator pursuant to Article II; (ii) the indemnification and payment
provisions of Article VI; and (iii) Section 7.5 shall be continuing and shall
survive any termination of this Agreement.

         Section 7.11 Counterparts; Severability; Section References. This
Agreement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which when taken together shall constitute
one and the same Agreement. Any provisions of this Agreement which are
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. Unless otherwise
expressly indicated, all references herein to "Article," "Section," "Schedule"
or "Exhibit" shall mean articles and sections of, and schedules and exhibits to,
this Agreement.

                                       24
<PAGE>

         Section 7.12 Subordination. Originator shall have the right to receive,
and Buyer shall make, any and all payments relating to any indebtedness,
obligation or claim, Originator may from time to time hold or otherwise have
against Buyer or any assets or properties of Buyer, whether arising hereunder or
otherwise existing, provided that, after giving effect to any such payment, the
aggregate Outstanding Balance of Receivables owned by Buyer at such time exceeds
the sum of (a) the Aggregate Unpaids under the Purchase Agreement, plus (b) the
aggregate outstanding principal balance of the Subordinated Loans. Originator
hereby agrees that at any time during which the condition set forth in the
proviso of the immediately preceding sentence shall not be satisfied, Originator
shall be subordinate in right of payment to the prior payment of any
indebtedness or obligation of Buyer owing to the Agent or any Purchaser under
the Purchase Agreement.

                            [SIGNATURE PAGE FOLLOWS]

                                       25

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed and delivered by their duly authorized officers as of
the date hereof.

                          COMDATA NETWORK, INC.

                          By:          /s/ Brett Rodewald
                             ------------------------------------------------
                          Name:        Brett Rodewald
                          Title:       Executive Vice President, Finance

                          Address:     5301 Maryland Way
                                       Brentwood, TN 37027

                          COMDATA FUNDING CORPORATION

                          By:          /s/ David B. Kuhnau
                             ------------------------------------------------
                          Name:        David B. Kuhnau
                          Title:       Vice President and Assistant Treasurer

                          Address:     5301 Maryland Way, Suite 102
                                       Brentwood, TN 37027

<PAGE>

                                    EXHIBIT I

                                   Definitions

                  This is Exhibit I to the Agreement (as hereinafter defined).
As used in the Agreement and the Exhibits, Schedules and Annexes thereto,
capitalized terms have the meanings set forth in this Exhibit I (such meanings
to be equally applicable to the singular and plural forms thereof). If a
capitalized term is used in the Agreement, or any Exhibit, Schedule or Annex
thereto, and not otherwise defined therein or in this Exhibit I, such term shall
have the meaning assigned thereto in Exhibit I to the Purchase Agreement.

                  "Agent" has the meaning set forth in the Preliminary
Statements to the Agreement.

                  "Agreement" means the Receivables Sale Agreement, dated as of
June 24, 2002, between Originator and Buyer, as the same may be amended,
restated or otherwise modified.

                  "Buyer" has the meaning set forth in the preamble to the
Agreement.

                  "Calculation Period" means each calendar month or portion
thereof which elapses during the term of the Agreement. The first Calculation
Period shall commence on the date of the Purchase of Receivables hereunder and
the final Calculation Period shall terminate on the Termination Date.

                  "Capital Lease" means, as applied to any Person, any lease of
property by such Person as lessee that is classified as a capital lease under
GAAP.

                  "Change of Control" means (i) any "person" or "group" (as such
terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, but excluding any employee benefit plan of Performance Guarantor or
Originator, or any Person acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan), becomes the "beneficial owner" (as
defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934,
except that a person shall be deemed to have "beneficial ownership" of all
securities that such person has the right to acquire (such rights, "option
rights"), whether such right is exercisable immediately or only after the
passage of time), directly or indirectly, of 30% or more of the equity interests
of Performance Guarantor or Originator on a partially-diluted basis, taking into
account equity interests realizable upon the exercise of such person's or
group's option rights or (ii) Originator shall cease to own directly or
indirectly 100% of the capital stock of Buyer.

                  "Company" has the meaning set forth in the Preliminary
Statements to the Agreement.

                  "Contractual Obligation" means, as to any Person, any
provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of
its property is bound.

<PAGE>

                  "Credit and Collection Policy" means Originator's credit and
collection policies and practices relating to Receivables and related contracts
existing on the date hereof and attached hereto as Exhibit V, as modified from
time to time in accordance with the Agreement.

                  "Default Fee" means a per annum rate of interest equal to the
sum of (i) the Prime Rate, plus (ii) 2% per annum.

                  "Dilutions" means, at any time, the aggregate amount of
non-cash reductions or cancellations described in Section 1.3(a) of the
Agreement and any cash payments for the same.

                  "Discount Factor" means a percentage calculated to provide
Buyer with a reasonable return on its investment in the Receivables after taking
account of (i) the time value of money based upon the anticipated dates of
collection of the Receivables and the cost to Buyer of financing its investment
in the Receivables during such period and (ii) the risk of nonpayment by the
Obligors. Originator and Buyer may agree from time to time to change the
Discount Factor based on changes in one or more of the items affecting the
calculation thereof, provided that any change to the Discount Factor shall take
effect as of the commencement of a Calculation Period, shall apply only
prospectively and shall not affect the Purchase Price payment made prior to the
Calculation Period during which Originator and Buyer agree to make such change.

                  "Governmental Authority" means any nation or government, any
state or other political subdivision thereof, any agency, authority,
instrumentality, regulatory body, court, administrative tribunal, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government, and any
corporation or other entity owned or controlled, through stock or capital
ownership or otherwise, by any of the foregoing.

                  "Initial Cutoff Date" has the meaning set forth in Section
1.2(a).

                  "Laws" means, collectively, all international, foreign,
Federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities,
including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests,
licenses, authorizations and permits of, and agreements with, any Governmental
Authority, in each case whether or not having the force of law.

                  "Lien" means any mortgage, pledge, hypothecation, assignment,
deposit arrangement, encumbrance, lien (statutory or other), charge, or
preference, priority or other security interest or preferential arrangement of
any kind or nature whatsoever (including any conditional sale or other title
retention agreement, any financing lease having substantially the same economic
effect as any of the foregoing, and the filing of any financing statement under
the Uniform Commercial Code or comparable Laws of any jurisdiction), including
the interest of a purchaser of accounts receivable, but excluding the interest
of a lessor under an Operating Lease.

                  "Material Adverse Effect" means a material adverse effect on
(i) the financial condition or operations of Originator and its Subsidiaries,
(ii) the ability of Originator to perform its obligations under the Agreement
or any other Transaction Document, (iii) the legality,

                                    Exh.I-2

<PAGE>

validity or enforceability of the Agreement or any other Transaction Document,
(iv) Originator's, Buyer's, the Agent's or any Purchaser's interest in the
Receivables generally or in any significant portion of the Receivables, the
Related Security or Collections with respect thereto, or (v) the collectibility
of the Receivables generally or of any material portion of the Receivables.

                  "Net Value" means, as of any date of determination, an amount
equal to the sum of (i) the aggregate Outstanding Balance of the Receivables at
such time, minus (ii) the sum of (A) the Aggregate Capital outstanding at such
time, plus (B) the Aggregate Reserves.

                  "Net Worth" means as of the last Business Day of each
Calculation Period preceding any date of determination, the excess, if any, of
(a) the aggregate Outstanding Balance of the Receivables at such time, over (b)
the sum of (i) the Aggregate Capital outstanding at such time, plus (ii) the
aggregate outstanding principal balance of the Subordinated Loans (including any
Subordinated Loan proposed to be made on the date of determination).

                  "Operating Lease" means, as applied to any Person, any lease
of property which is not a Capital Lease.

                  "Original Balance" means, with respect to any Receivable
coming into existence after the Initial Cutoff Date, the Outstanding Balance of
such Receivable on the date it was created.

                  "Originator" has the meaning set forth in the preamble to the
Agreement.

                  "Potential Termination Event" means an event which, with the
passage of time or the giving of notice, or both, would constitute a Termination
Event.

                  "Purchase" means the purchase pursuant to Section 1.1(a) of
the Agreement by Buyer from Originator of the Receivables and the Related
Security and Collections related thereto, together with all related rights in
connection therewith.

                  "Purchase Agreement" has the meaning set forth in the
Preliminary Statements to the Agreement.

                  "Purchase Price" means, with respect to the Purchase, the
aggregate price to be paid by Buyer to Originator for such Purchase in
accordance with Section 1.2 of the Agreement for the Receivables, Collections
and Related Security being sold to Buyer, which price shall equal on any date
(i) the product of (x) the Outstanding Balance of such Receivables on such date,
multiplied by (y) one minus the Discount Factor in effect on such date, minus
(ii) any Purchase Price Credits to be credited against the Purchase Price
otherwise payable in accordance with Section 1.3 of the Agreement.

                  "Purchase Price Credit" has the meaning set forth in Section
1.3 of the Agreement.

                  "Receivable" means all indebtedness and other obligations
arising in connection with the sale of goods or the rendering of services by
Originator and which are owed to Originator (at the times it arises, and before
giving effect to any transfer or conveyance under the

                                    Exh. I-3

<PAGE>

Agreement), or Buyer (after giving effect to the transfers under the Agreement)
or in which Originator or Buyer has a security interest or other interest, and
are identified in the GEAC Accounting System as having an account code beginning
with "01000000000" followed by a two-alpha, three numeric identification system
(such account code identifying the indebtedness or other obligation as belonging
to the "Company 1" accounting classification), including, without limitation,
any such indebtedness, obligation or interest constituting an account, chattel
paper, instrument or general intangible, whether billed or unbilled, and further
includes, without limitation, the obligation to pay any Finance Charges with
respect thereto. Indebtedness and other rights and obligations arising from any
one transaction, including, without limitation, indebtedness and other rights
and obligations represented by an individual invoice, shall constitute a
Receivable separate from a Receivable consisting of the indebtedness and other
rights and obligations arising from any other transaction; provided, further,
that any indebtedness, rights or obligations referred to in the immediately
preceding sentence shall be a Receivable regardless or whether the account
debtor or Originator treats such indebtedness, rights or obligations as a
separate payment obligation.

                  "Related Security" means, with respect to any Receivable:

                                    (i) all of Originator's interest in the
         inventory and goods (including returned or repossessed inventory or
         goods), if any, the sale, financing or lease of which by Originator
         gave rise to such Receivable, and all insurance contracts with respect
         thereto,

                                    (ii) all other security interests or liens
         and property subject thereto from time to time, if any, purporting to
         secure payment of such Receivable, whether pursuant to the Contract
         related to such Receivable or otherwise, together with all financing
         statements and security agreements describing any collateral securing
         such Receivable,

                                    (iii) all guaranties, letters of credit,
         insurance, supporting obligations and other agreements or arrangements
         of whatever character from time to time supporting or securing payment
         of such Receivable whether pursuant to the Contract related to such
         Receivable or otherwise,

                                    (iv) all service contracts and other
         contracts and agreements associated with such Receivable (excluding,
         however, any such contract or agreement to the extent that it is not
         related to the enforcement or collection of such Receivable or any
         other Related Security),

                                    (v) all Records related to such Receivable,

                                    (vi) all of Originator's right, title and
         interest in each Lock-Box and each Collection Account, and

                                    (vii) all proceeds of any of the foregoing;
         excluding, however, in each of the foregoing cases, any Shared
         Security.

                                    Exh. I-4

<PAGE>

                  "Required Capital Amount" means, as of any date of
determination, an amount equal to the sum of (i) the twenty-four month rolling
average of Dilutions, plus (ii) the result obtained in the foregoing clause (i)
of this definition, multiplied by 10%.

                  "Settlement Date" means, with respect to each Calculation
Period, the date that is the 18th calendar day of the month following such
Calculation Period or, if such day is not a Business Day, the next succeeding
Business Day.

                  "Shared Security" means (i) all security interests or liens
and property subject thereto from time to time, if any, purporting to secure
both payment of Receivables owned by Buyer and payment of other indebtedness
owed to Originator, whether pursuant to the contract related to such
indebtedness or otherwise, together with all financing statements and security
agreements describing any collateral securing such indebtedness and (ii) all
guaranties, letters of credit, insurance, supporting obligations and other
agreements or arrangements of whatever character from time to time supporting or
securing both payment of Receivables owned by Buyer and payment of any other
indebtedness owed to Originator, whether pursuant to the contract related to
such indebtedness or otherwise.

                  "Subordinated Loan" has the meaning set forth in Section
1.2(a) of the Agreement.

                  "Subordinated Note" means a promissory note in substantially
the form of Exhibit VII hereto as more fully described in Section 1.2 of the
Agreement, as the same may be amended, restated, supplemented or otherwise
modified from time to time.

                  "Termination Date" means the earliest to occur of (i) the
Facility Termination Date, (ii) the Business Day immediately prior to the
occurrence of a Termination Event set forth in Section 5.1(d), (iii) the
Business Day specified in a written notice from Buyer to Originator following
the occurrence of any other Termination Event, and (iv) the date which is 30
Business Days after Buyer's receipt of written notice from Originator that it
wishes to terminate the facility evidenced by this Agreement.

                  "Termination Event" has the meaning set forth in Section 5.1
of the Agreement.

                  "Transaction Documents" means, collectively, this Agreement,
each Collection Account Agreement, the Subordinated Note and all other
instruments, documents and agreements executed and delivered in connection
herewith.

                  All accounting terms not specifically defined herein shall be
construed in accordance with GAAP. All terms used in Article 9 of the UCC in the
State of Illinois, and not specifically defined herein, are used herein as
defined in such Article 9.

                                    Exh. I-5

<PAGE>

                                   EXHIBIT II
                                   ----------

  Places of Business; Jurisdictions of Organization and Chief Executive Office;
                 Locations of Records; Organizational Number(s);
             Federal Employer Identification Number(s); Other Names

<TABLE>

<S>                                                          <C>
Principal Place of Business:                                 5301 Maryland Way
                                                             Brentwood, TN 37027

Jurisdiction of Organization:                                Maryland
Chief Executive Office:                                      5301 Maryland Way
                                                             Brentwood, TN 37027

Location of Records:                                         5301 Maryland Way
                                                             Brentwood, TN 37027

Organizational Number:                                       D00563916

Federal Employer Identification Number:                      62-0813252

Corporate, Partnership, Trade and Assumed Names:             Archco, Inc. and International Automated Energy
                                                             Systems, Inc. were merged into Comdata Network, Inc.

                                                             Trade names include Comdata, Comchek, Comchek eCash, Comdata Network,
                                                             Comdata Corporation, Comdata Transceiver, Comdata Financial Services,
                                                             Comdata Merchant Services, Comdata Payment Services, Comdata
                                                             Transportation Services, Comdata Transportation Group, Trendar,
                                                             Trendar Corporation, Transceiver, NTS, Comdata Complete, Comdata
                                                             Gaming Services, Comdata Telecommunications Services, Comdata
                                                             Telecommunications Services, Inc., Comdata Network, Inc. of
                                                             California, Stored Value Systems, Inc.

</TABLE>

<PAGE>

                                   EXHIBIT III
                                   ----------
                Lock-boxes; Collection Accounts; Collection Banks

<TABLE>
<CAPTION>

<S>                                <C>                               <C>
Bank                               Lock-Box Address                  Related Collection Account

Bank of America,                   P.O. Box 100647                   Account No. 003250355791
Atlanta, GA                        Atlanta, GA  30384-0647
ABA No. 061000052

Bank of America,                   P.O. Box 500544                   Account No. 100101204865
St. Louis, MO                      St. Louis, MO  63150-0544
ABA No. 081000032

Bank of America,                   P.O. Box 845738                   Account No. 001252888157
Dallas, TX                         Dallas, TX  75284-5738
ABA No. 113000023

Mellon Bank,                       P.O. Box 360239                   Account No. 131-1759
Pittsburgh, PA                     Pittsburgh, PA  15250-6239
ABA No. 043000261

AmSouth Bank,                      None - account for deposits of    Account No. 1000851850
Nashville, TN                      checks received at corporate
ABA No. 064000017                  office in Brentwood, TN

Bank of America,                   None - wire transfer receipt      Account No. 100101232655
St. Louis, MO                      account
ABA No. 081000032

</TABLE>

<PAGE>

                                   EXHIBIT IV

                         Form of Compliance Certificate

                  This Compliance Certificate is furnished pursuant to that
certain Receivables Sale Agreement dated as of June 24, 2002, between Comdata
Network, Inc. ("Originator") and Comdata Funding Corporation (as the same may be
amended, supplemented, restated or otherwise modified from time to time, the
"Agreement"). Capitalized terms used and not otherwise defined herein are used
with the meanings attributed thereto in the Agreement.

                  THE UNDERSIGNED HEREBY CERTIFIES THAT:

                  1. I am the duly elected             of Originator.

                  2. I have reviewed the terms of the Agreement and I have made,
or have caused to be made under my supervision, a detailed review of the
transactions and conditions of Originator and its Subsidiaries during the
[quarterly] [annual] period ending on            .

                  3. The examinations described in paragraph 2 did not disclose,
and I have no knowledge of, the existence of any condition or event which
constitutes a Termination Event or a Potential Termination Event during or at
the end of the [quarterly] [annual] period ending on           or as of the
date of this Certificate, except as set forth in paragraph 4 below.

                  4. Described below are the exceptions, if any, to paragraph 3
by listing, in detail, the nature of the condition or event, the period during
which it has existed and the action which Originator has taken, is taking, or
proposes to take with respect to each such condition or event:

                  5. As of the date hereof, the jurisdiction of organization of
Originator is Maryland, Originator is a "registered organization (within the
meaning of Section 9-102 of the UCC in effect in Maryland) and Originator has
not changed its jurisdiction of organization since the date of the Agreement.

                  The foregoing certifications are made and delivered this
                  day of               ,       .

                               -----------------------------------------
                               [Name]

<PAGE>

                                    EXHIBIT V

                          Credit and Collection Policy

<PAGE>

                                   EXHIBIT VI

                             [Intentionally Omitted]

<PAGE>

                                   EXHIBIT VII

                            Form of Subordinated Note

                                SUBORDINATED NOTE

                                                                   June 24, 2002

                  1. Note. FOR VALUE RECEIVED, the undersigned, COMDATA FUNDING
CORPORATION, a Delaware corporation ("CFC"), hereby unconditionally promises to
pay to the order of COMDATA NETWORK, INC., a Maryland corporation
("Originator"), in lawful money of the United States of America and in
immediately available funds, on the date following the Termination Date which is
one year and one day after the date on which (i) the Outstanding Balance of all
Receivables sold under the "Sale Agreement" referred to below has been reduced
to zero and (ii) Originator has paid to the Buyer all indemnities, adjustments
and other amounts which may be owed thereunder in connection with the Purchases
(the "Collection Date"), the aggregate unpaid principal sum outstanding of all
"Subordinated Loans" made from time to time by Originator to CFC pursuant to and
in accordance with the terms of that certain Receivables Sale Agreement dated as
of June 24, 2002 between Originator and CFC (as amended, restated, supplemented
or otherwise modified from time to time, the "Sale Agreement"). Reference to
Section 1.2 of the Sale Agreement is hereby made for a statement of the terms
and conditions under which the loans evidenced hereby have been and will be
made. All terms which are capitalized and used herein and which are not
otherwise specifically defined herein shall have the meanings ascribed to such
terms in the Sale Agreement.

                  2. Interest. CFC further promises to pay interest on the
outstanding unpaid principal amount hereof from the date hereof until payment in
full hereof at a rate equal to the Prime Rate; provided, however, that if CFC
shall default in the payment of any principal hereof, CFC promises to pay, on
demand, interest at the rate of the Prime Rate plus 2.00% per annum on any such
unpaid amounts, from the date such payment is due to the date of actual payment.
Interest shall be payable on the first Business Day of each month in arrears;
provided, however, that CFC may elect on the date any interest payment is due
hereunder to defer such payment and upon such election the amount of interest
due but unpaid on such date shall constitute principal under this Subordinated
Note. The outstanding principal of any loan made under this Subordinated Note
shall be due and payable on the Collection Date and may be repaid or prepaid at
any time without premium or penalty.

                  3. Principal Payments. Originator is authorized and directed
by CFC to enter on the grid attached hereto, or, at its option, in its books and
records, the date and amount of each loan made by it which is evidenced by this
Subordinated Note and the amount of each payment of principal made by CFC, and
absent manifest error, such entries shall constitute prima facie evidence of the
accuracy of the information so entered; provided that neither the failure of
Originator to make any such entry or any error therein shall expand, limit or
affect the obligations of CFC hereunder.

<PAGE>

                  4. Subordination. Originator shall have the right to receive,
and CFC shall make, any and all payments relating to the loans made under this
Subordinated Note provided that, after giving effect to any such payment, the
aggregate Outstanding Balance of Receivables (as each such term is defined in
the Receivables Purchase Agreement hereinafter referred to) owned by CFC at such
time exceeds the sum of (a) the Aggregate Unpaids (as defined in the Receivables
Purchase Agreement) outstanding at such time under the Receivables Purchase
Agreement, plus (b) the aggregate outstanding principal balance of all loans
made under this Subordinated Note. Originator hereby agrees that at any time
during which the conditions set forth in the proviso of the immediately
preceding sentence shall not be satisfied, Originator shall be subordinate in
right of payment to the prior payment of any indebtedness or obligation of CFC
owing to the Agent or any Purchaser under that certain Receivables Purchase
Agreement dated as of June 24, 2002 by and among CFC, Originator, as Servicer,
various "Purchasers" from time to time party thereto, and Bank One, NA (Main
Office Chicago), as the "Agent" (as amended, restated, supplemented or otherwise
modified from time to time, the "Purchase Agreement"). The subordination
provisions contained herein are for the direct benefit of, and may be enforced
by, the Agent and the Purchasers and/or any of their respective assignees
(collectively, the "Senior Claimants") under the Purchase Agreement. Until the
date on which all "Capital" outstanding under the Purchase Agreement has been
repaid in full and all other obligations of CFC and/or the Servicer thereunder
and under the "Fee Letter" referenced therein (all such obligations,
collectively, the "Senior Claim") have been indefeasibly paid and satisfied in
full, Originator shall not institute against CFC any proceeding of the type
described in Section 5.1(d) of the Sale Agreement unless and until the
Collection Date has occurred. Should any payment, distribution or security or
proceeds thereof be received by Originator in violation of this Section 4,
Originator agrees that such payment shall be segregated, received and held in
trust for the benefit of, and deemed to be the property of, and shall be
immediately paid over and delivered to the Agent for the benefit of the Senior
Claimants.

                  5. Bankruptcy; Insolvency. Upon the occurrence of any
proceeding of the type described in Section 5.1(d) of the Sale Agreement
involving CFC as debtor, then and in any such event the Senior Claimants shall
receive payment in full of all amounts due or to become due on or in respect of
the Aggregate Capital and the Senior Claim (including "CP Costs" and "Yield" as
defined and as accruing under the Purchase Agreement after the commencement of
any such proceeding, whether or not any or all of such CP Costs or Yield is an
allowable claim in any such proceeding) before Originator is entitled to receive
payment on account of this Subordinated Note, and to that end, any payment or
distribution of assets of CFC of any kind or character, whether in cash,
securities or other property, in any applicable insolvency proceeding, which
would otherwise be payable to or deliverable upon or with respect to any or all
indebtedness under this Subordinated Note, is hereby assigned to and shall be
paid or delivered by the Person making such payment or delivery (whether a
trustee in bankruptcy, a receiver, custodian or liquidating trustee or
otherwise) directly to the Agent for application to, or as collateral for the
payment of, the Senior Claim until such Senior Claim shall have been paid in
full and satisfied.

                  6. Amendments. This Subordinated Note shall not be amended or
modified except in accordance with Section 7.1 of the Sale Agreement. The terms
of this Subordinated Note may not be amended or otherwise modified without the
prior written consent of the Agent for the benefit of the Purchasers.

                                   Exh. VII-2

<PAGE>

                  7. GOVERNING LAW. THIS SUBORDINATED NOTE HAS BEEN MADE AND
DELIVERED AT CHICAGO, ILLINOIS, AND SHALL BE INTERPRETED AND THE RIGHTS AND
LIABILITIES OF THE PARTIES HERETO DETERMINED IN ACCORDANCE WITH THE LAWS AND
DECISIONS OF THE STATE OF ILLINOIS. WHEREVER POSSIBLE EACH PROVISION OF THIS
SUBORDINATED NOTE SHALL BE INTERPRETED IN SUCH MANNER AS TO BE EFFECTIVE AND
VALID UNDER APPLICABLE LAW, BUT IF ANY PROVISION OF THIS SUBORDINATED NOTE SHALL
BE PROHIBITED BY OR INVALID UNDER APPLICABLE LAW, SUCH PROVISION SHALL BE
INEFFECTIVE TO THE EXTENT OF SUCH PROHIBITION OR INVALIDITY, WITHOUT
INVALIDATING THE REMAINDER OF SUCH PROVISION OR THE REMAINING PROVISIONS OF THIS
SUBORDINATED NOTE.

                  8. Waivers. All parties hereto, whether as makers, endorsers,
or otherwise, severally waive presentment for payment, demand, protest and
notice of dishonor. Originator additionally expressly waives all notice of the
acceptance by any Senior Claimant of the subordination and other provisions of
this Subordinated Note and expressly waives reliance by any Senior Claimant upon
the subordination and other provisions herein provided.

                  9. Assignment. This Subordinated Note may not be assigned,
pledged or otherwise transferred to any party other than Originator without the
prior written consent of the Agent, and any such attempted transfer shall be
void.

                          COMDATA FUNDING CORPORATION

                          By:
                            ---------------------------
                            Title:

                                   Exh. VII-3

<PAGE>

                                    Schedule
                                       to
                                SUBORDINATED NOTE

                  SUBORDINATED LOANS AND PAYMENTS OF PRINCIPAL

<TABLE>
<CAPTION>

                        Amount of              Amount of             Unpaid
                       Subordinated            Principal           Principal             Notation made
    Date                   Loan                   Paid              Balance                   by
------------     ---------------------   -------------------   ------------------   --------------------------
<S>              <C>                     <C>                   <C>                  <C>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

</TABLE>

<PAGE>

                                   SCHEDULE A
                                   ----------

                       DOCUMENTS TO BE DELIVERED TO BUYER
                           ON OR PRIOR TO THE PURCHASE

               SEE PART I OF SCHEDULE B TO THE PURCHASE AGREEMENT.<PAGE>
                                                                   EXHIBIT 10.02

                         RECEIVABLES PURCHASE AGREEMENT

                            dated as of June 24, 2002

                                      Among

                     COMDATA FUNDING CORPORATION, as Seller,

                       COMDATA NETWORK, INC., as Servicer,

                       JUPITER SECURITIZATION CORPORATION,

                     THE FINANCIAL INSTITUTIONS PARTY HERETO

                                       and

                       BANK ONE, NA (MAIN OFFICE CHICAGO),

                                    as Agent

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                                Page
                                                                                                                ----
<S>                                                                                                           <C>
ARTICLE I. PURCHASE ARRANGEMENTS..................................................................................1

         Section 1.1       Purchase Facility......................................................................1
         Section 1.2       Increases..............................................................................2
         Section 1.3       Decreases..............................................................................2
         Section 1.4       Payment Requirements...................................................................2

ARTICLE II. PAYMENTS AND COLLECTIONS..............................................................................3

         Section 2.1       Payments...............................................................................3
         Section 2.2       Collections Prior to Amortization......................................................3
         Section 2.3       Collections Following Amortization.....................................................4
         Section 2.4       Application of Collections.............................................................4
         Section 2.5       Payment Rescission.....................................................................5
         Section 2.6       Maximum Purchaser Interests............................................................5
         Section 2.7       Repurchase Right.......................................................................5

ARTICLE III. COMPANY FUNDING......................................................................................5

         Section 3.1       CP Costs...............................................................................5
         Section 3.2       CP Costs Payments......................................................................5
         Section 3.3       Calculation of CP Costs................................................................5

ARTICLE IV. FINANCIAL INSTITUTION FUNDING.........................................................................6

         Section 4.1       Financial Institution Funding..........................................................6
         Section 4.2       Yield Payments.........................................................................6
         Section 4.3       Selection and Continuation of Tranche Periods..........................................6
         Section 4.4       Financial Institution Discount Rates...................................................6
         Section 4.5       Suspension of the LIBO Rate............................................................7

ARTICLE V. REPRESENTATIONS AND WARRANTIES.........................................................................7

         Section 5.1       Representations and Warranties of the Seller Parties...................................7
         Section 5.2       Financial Institution Representations and Warranties..................................11

ARTICLE VI. CONDITIONS OF PURCHASES..............................................................................12

         Section 6.1       Conditions Precedent to Initial Incremental Purchase..................................12
         Section 6.2       Conditions Precedent to All Purchases and Reinvestments...............................12

</TABLE>

                                       i
<PAGE>

<TABLE>
<S>                                                                                                           <C>
ARTICLE VII. COVENANTS...........................................................................................13

         Section 7.1       Affirmative Covenants of The Seller Parties...........................................13
         Section 7.2       Negative Covenants of The Seller Parties..............................................21

ARTICLE VIII. ADMINISTRATION AND COLLECTION......................................................................22

         Section 8.1       Designation of Servicer...............................................................22
         Section 8.2       Duties of Servicer....................................................................23
         Section 8.3       Collection Notices....................................................................24
         Section 8.4       Responsibilities of Seller............................................................25
         Section 8.5       Reports...............................................................................25
         Section 8.6       Servicing Fees........................................................................25

ARTICLE IX. AMORTIZATION EVENTS..................................................................................25

         Section 9.1       Amortization Events...................................................................25
         Section 9.2       Remedies..............................................................................27

ARTICLE X. INDEMNIFICATION.......................................................................................27

         Section 10.1               Indemnities by The Seller Parties............................................27
         Section 10.2               Increased Cost and Reduced Return............................................30
         Section 10.3               Other Costs and Expenses.....................................................30

ARTICLE XI. THE AGENT............................................................................................31

         Section 11.1               Authorization and Action.....................................................31
         Section 11.2               Delegation of Duties.........................................................31
         Section 11.3               Exculpatory Provisions.......................................................31
         Section 11.4               Reliance by Agent............................................................32
         Section 11.5               Non-Reliance on Agent and Other Purchasers...................................32
         Section 11.6               Reimbursement and Indemnification............................................32
         Section 11.7               Agent in its Individual Capacity.............................................33
         Section 11.8               Successor Agent..............................................................33

ARTICLE XII. ASSIGNMENTS; PARTICIPATIONS.........................................................................33

         Section 12.1               Assignments..................................................................33
         Section 12.2               Participations...............................................................34

ARTICLE XIII. LIQUIDITY FACILITY.................................................................................34

         Section 13.1               Transfer to Financial Institutions...........................................34
         Section 13.2               Transfer Price Reduction Yield...............................................35
         Section 13.3               Payments to Company..........................................................35
         Section 13.4               Limitation on Commitment to Purchase from Company............................35
         Section 13.5               Defaulting Financial Institutions............................................35
</TABLE>

                                       ii
<PAGE>

<TABLE>
<S>                                                                                                           <C>
         Section 13.6               Terminating Financial Institutions...........................................36

ARTICLE XIV. MISCELLANEOUS.......................................................................................37

         Section 14.1               Waivers and Amendments.......................................................37
         Section 14.2               Notices......................................................................38
         Section 14.3               Ratable Payments.............................................................38
         Section 14.4               Protection of Ownership Interests of the Purchasers..........................38
         Section 14.5               Confidentiality..............................................................39
         Section 14.6               Bankruptcy Petition..........................................................39
         Section 14.7               Limitation of Liability......................................................40
         Section 14.8               CHOICE OF LAW................................................................40
         Section 14.9               CONSENT TO JURISDICTION......................................................40
         Section 14.10              WAIVER OF JURY TRIAL.........................................................41
         Section 14.11              Integration; Binding Effect; Survival of Terms...............................41
         Section 14.12              Counterparts; Severability; Section References...............................41
         Section 14.13              Bank One Roles...............................................................41
         Section 14.14              Characterization.............................................................42
</TABLE>

                                      iii
<PAGE>

                         RECEIVABLES PURCHASE AGREEMENT

                  This Receivables Purchase Agreement dated as of June 24, 2002
is among Comdata Funding Corporation, a Delaware corporation ("Seller"), Comdata
Network, Inc., a Maryland corporation ("Comdata"), as initial Servicer (the
Servicer together with Seller, the "Seller Parties" and each a "Seller Party"),
the entities listed on Schedule A to this Agreement (together with any of their
respective successors and assigns hereunder, the "Financial Institutions"),
Jupiter Securitization Corporation ("Company") and Bank One, NA (Main Office
Chicago), as agent for the Purchasers hereunder or any successor agent hereunder
(together with its successors and assigns hereunder, the "Agent"). Unless
defined elsewhere herein, capitalized terms used in this Agreement shall have
the meanings assigned to such terms in Exhibit I.

                             PRELIMINARY STATEMENTS

                  Seller desires to transfer and assign Purchaser Interests to
the Purchasers from time to time.

                  Company may, in its absolute and sole discretion, purchase
Purchaser Interests from Seller from time to time.

                  In the event that Company declines to make any purchase, the
Financial Institutions shall, at the request of Seller, purchase Purchaser
Interests from time to time. In addition, the Financial Institutions have agreed
to provide a liquidity facility to Company in accordance with the terms hereof.

                  Bank One, NA (Main Office Chicago) has been requested and is
willing to act as Agent on behalf of Company and the Financial Institutions in
accordance with the terms hereof.

                                   ARTICLE I.
                              PURCHASE ARRANGEMENTS

         Section 1.1       Purchase Facility.

                  (a) Upon the terms and subject to the conditions hereof,
during the period from the date hereof to but not including the Facility
Termination Date, Seller may, at its option up to four times per month, sell and
assign Purchaser Interests to the Agent for the benefit of one or more of the
Purchasers. In accordance with the terms and conditions set forth herein,
Company may, at its option, instruct the Agent to purchase on behalf of Company,
or if Company shall decline to purchase, the Agent shall purchase, on behalf of
the Financial Institutions, Purchaser Interests from time to time in an
aggregate amount not to exceed at such time the lesser of (i) the Purchase Limit
and (ii) the aggregate amount of the Commitments during the period from the date
hereof to but not including the Facility Termination Date.

                  (b) Seller may, upon at least 10 Business Days' notice to the
Agent, terminate in whole or reduce in part, ratably among the Financial
Institutions, the unused portion of the Purchase Limit; provided that each
partial reduction of the Purchase Limit shall be in an amount equal to
$5,000,000 or an integral multiple thereof.

<PAGE>

                  Section 1.2 Increases.

                      Seller shall provide the Agent with at least two Business
Days' prior notice in a form set forth as Exhibit II hereto of each Incremental
Purchase (a "Purchase Notice"). Each Purchase Notice shall be subject to Section
6.2 hereof and, except as set forth below, shall be irrevocable and shall
specify the requested Purchase Price (which shall not be less than $1,000,000
and shall be in increments of $100,000) and date of purchase and, in the case of
an Incremental Purchase to be funded by the Financial Institutions, the
requested Discount Rate and Tranche Period. Following receipt of a Purchase
Notice, the Agent will determine whether Company agrees to make the purchase. If
Company declines to make a proposed purchase, the Agent will advise Seller of
such fact and Seller may cancel the Purchase Notice or, in the absence of such a
cancellation, the Incremental Purchase of the Purchaser Interest will be made by
the Financial Institutions. On the date of each Incremental Purchase, upon
satisfaction of the applicable conditions precedent set forth in Article VI,
Company or the Financial Institutions, as applicable, shall deposit to the
Facility Account, in immediately available funds, no later than 12:00 noon
(Chicago time), an amount equal to (i) in the case of Company, the aggregate
Purchase Price of the Purchaser Interests Company is then purchasing or (ii) in
the case of a Financial Institution, such Financial Institution's Pro Rata Share
of the aggregate Purchase Price of the Purchaser Interests the Financial
Institutions are purchasing.

                  Section 1.3 Decreases. Seller shall provide the Agent with
prior written notice in a form set forth as Exhibit XII hereto in conformity
with the Required Notice Period (a "Reduction Notice") of any proposed reduction
of Aggregate Capital from Collections. Such Reduction Notice shall designate (i)
the date (the "Proposed Reduction Date") upon which any such reduction of
Aggregate Capital shall occur (which date shall give effect to the applicable
Required Notice Period), and (ii) the amount of Aggregate Capital to be reduced
which shall be applied ratably to the Purchaser Interests of Company and the
Financial Institutions in accordance with the amount of Capital (if any) owing
to Company, on the one hand, and the amount of Capital (if any) owing to the
Financial Institutions (ratably, based on their respective Pro Rata Shares), on
the other hand (the "Aggregate Reduction"). Only one (1) Reduction Notice shall
be outstanding at any time.

                  Section 1.4 Payment Requirements. All amounts to be paid or
deposited by any Seller Party pursuant to any provision of this Agreement shall
be paid or deposited in accordance with the terms hereof no later than 11:00
a.m. (Chicago time) on the day when due in immediately available funds, and if
not received before 11:00 a.m. (Chicago time) shall be deemed to be received on
the next succeeding Business Day. If such amounts are payable to a Purchaser
they shall be paid to Company, for the account of such Purchaser, at 1 Bank One
Plaza, Chicago, Illinois 60670 until otherwise notified by the Agent. Upon
notice to Seller, the Agent may debit the Facility Account for all amounts due
and payable hereunder. All computations of Yield, per annum fees calculated as
part of any CP Costs, per annum fees hereunder and per annum fees under the Fee
Letter shall be made on the basis of a year of 360 days for the actual number of
days elapsed. If any amount hereunder shall be payable on a day which is not a
Business Day, such amount shall be payable on the next succeeding Business Day.

                                     Page 2
<PAGE>

                                   ARTICLE II.
                            PAYMENTS AND COLLECTIONS

                  Section 2.1 Payments. Notwithstanding any limitation on
recourse contained in this Agreement, Seller shall pay to Company when due, for
the account of the relevant Purchaser or Purchasers on a full recourse basis,
(i) such fees as set forth in the Fee Letter (which fees shall be sufficient to
pay all fees owing to the Financial Institutions), (ii) all CP Costs, (iii) all
amounts payable as Yield, (iv) all amounts payable as Deemed Collections (which
shall be immediately due and payable by Seller and applied to reduce outstanding
Aggregate Capital hereunder in accordance with Sections 2.2 and 2.3 hereof), (v)
all amounts required pursuant to Section 2.6, (vi) all amounts payable pursuant
to Article X, if any, (vii) all Servicer costs and expenses, including the
Servicing Fee, in connection with servicing, administering and collecting the
Receivables, if Comdata or one of its Affiliates is not then acting as Servicer
(if Comdata or one of its Affiliates is then acting as Servicer, such amount
remains payable but shall be paid to the Servicer), (viii) all Broken Funding
Costs and (ix) all Default Fees (collectively, the "Obligations"). If any Person
fails to pay any of the Obligations when due, such Person agrees to pay, on
demand, the Default Fee in respect thereof until paid. Notwithstanding the
foregoing, no provision of this Agreement or the Fee Letter shall require the
payment or permit the collection of any amounts hereunder in excess of the
maximum permitted by applicable law. If at any time Seller receives any
Collections or is deemed to receive any Collections, Seller shall immediately
pay such Collections or Deemed Collections to the Servicer for application in
accordance with the terms and conditions hereof and, at all times prior to such
payment, such Collections or Deemed Collections shall be held in trust by Seller
for the exclusive benefit of the Purchasers and the Agent.

                  Section 2.2 Collections Prior to Amortization. Prior to the
Amortization Date, any Collections and/or Deemed Collections received by the
Servicer shall be set aside and held in trust by the Servicer for the payment of
any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in
this Section 2.2. If at any time any Collections are received by the Servicer
prior to the Amortization Date, (a) the Servicer shall set aside the Termination
Percentage (hereinafter defined) of Collections evidenced by the Purchaser
Interests of each Terminating Financial Institution and (b) Seller hereby
requests and the Purchasers (other than any Terminating Financial Institutions)
hereby agree to make, simultaneously with such receipt, a reinvestment (each a
"Reinvestment") with that portion of the balance of each and every Collection
received by the Servicer that is part of any Purchaser Interest (other than any
Purchaser Interests of Terminating Financial Institutions), such that after
giving effect to such Reinvestment, the amount of Capital of such Purchaser
Interest immediately after such receipt and corresponding Reinvestment shall be
equal to the amount of Capital immediately prior to such receipt. On each
Settlement Date prior to the occurrence of the Amortization Date, the Servicer
shall remit to the Company's account the amounts set aside during the preceding
Settlement Period that have not been subject to a Reinvestment and apply such
amounts (if not previously paid in accordance with Section 2.1) first, to reduce
unpaid Obligations and second, to reduce the Capital of all Purchaser Interests
of Terminating Financial Institutions, applied ratably to each Terminating
Financial Institution according to its respective Termination Percentage. If
such Capital and Obligations shall be reduced to zero, any additional
Collections received by the Servicer (i) if applicable, shall be remitted to the
Company's account no later than 11:00 a.m. (Chicago time) to the extent required
to fund any Aggregate Reduction on such

                                     Page 3
<PAGE>

Settlement Date and (ii) any balance remaining thereafter shall be remitted from
the Servicer to Seller on such Settlement Date. Each Terminating Financial
Institution shall be allocated a ratable portion of Collections from the date of
any assignment by Company pursuant to Section 13.6 (the "Termination Date")
until such Terminating Financing Institution's Capital shall be paid in full.
This ratable portion shall be calculated on the Termination Date of each
Terminating Financial Institution as a percentage equal to (A) Capital of such
Terminating Financial Institution outstanding on its Termination Date, divided
by (B) the Aggregate Capital outstanding on such Termination Date (the
"Termination Percentage"). Each Terminating Financial Institution's Termination
Percentage shall remain constant prior to the Amortization Date. On and after
the Amortization Date, each Termination Percentage shall be disregarded, and
each Terminating Financial Institution's Capital shall be reduced ratably with
all Financial Institutions in accordance with Section 2.3.

                  Section 2.3 Collections Following Amortization. On the
Amortization Date and on each day thereafter, the Servicer shall set aside and
hold in trust, for the holder of each Purchaser Interest, all Collections
received on such day and an additional amount for the payment of any accrued and
unpaid Obligations owed by Seller and not previously paid by Seller in
accordance with Section 2.1. On and after the Amortization Date, the Servicer
shall, at any time upon the request from time to time by (or pursuant to
standing instructions from) the Agent remit to the Company's account the amounts
set aside pursuant to the preceding sentence, and apply such amounts to reduce
the Capital associated with each such Purchaser Interest and any other Aggregate
Unpaids.

                  Section 2.4 Application of Collections. If there shall be
insufficient funds on deposit for the Servicer to distribute funds in payment in
full of the aforementioned amounts pursuant to Section 2.2 or 2.3 (as
applicable), the Servicer shall distribute funds:

                           first, to the reimbursement of the Agent's costs of
        collection and enforcement of this Agreement,

                           second, ratably to the payment of all accrued and
        unpaid fees under the Fee Letter, CP Costs and Yield,

                           third, (to the extent applicable) to the ratable
        reduction of the Aggregate Capital (without regard to any Termination
        Percentage),

                           fourth, for the ratable payment of all other unpaid
        Obligations excluding Servicer costs and expenses and the Servicing
        Fee, fifth, to the payment of the Servicer's reasonable out-of-pocket
        costs and expenses in connection with servicing, administering and
        collecting the Receivables, including the Servicing Fee, and

                           sixth, after the Aggregate Unpaids have been
        indefeasibly reduced to zero, to Seller.

                  Collections applied to the payment of Aggregate Unpaids shall
be distributed in accordance with the aforementioned provisions, and, giving
effect to each of the priorities set

                                     Page 4
<PAGE>

forth in Section 2.4 above, shall be shared ratably (within each priority) among
the Agent and the Purchasers in accordance with the amount of such Aggregate
Unpaids owing to each of them in respect of each such priority.

                  Section 2.5 Payment Rescission. No payment of any of the
Aggregate Unpaids shall be considered paid or applied hereunder to the extent
that, at any time, all or any portion of such payment or application is
rescinded by application of law or judicial authority, or must otherwise be
returned or refunded for any reason. Seller shall remain obligated for the
amount of any payment or application so rescinded, returned or refunded, and
shall promptly pay to the Agent (for application to the Person or Persons who
suffered such rescission, return or refund) the full amount thereof, plus the
Default Fee from the date of any such rescission, return or refunding.

                  Section 2.6 Maximum Purchaser Interests. Seller shall ensure
that the Purchaser Interests of the Purchasers shall at no time exceed in the
aggregate 100%. If the aggregate of the Purchaser Interests of the Purchasers
exceeds 100%, Seller shall pay to the Agent within two (2) Business Days of
actual knowledge thereof an amount to be applied to reduce the Aggregate Capital
(as allocated by the Agent), such that after giving effect to such payment the
aggregate of the Purchaser Interests equals or is less than 100%.

                  Section 2.7 Repurchase Right. In addition to Seller's rights
pursuant to Section 1.3, Seller shall have the right (after providing written
notice to the Agent in accordance with the Required Notice Period), at any time
following the reduction of the Aggregate Capital to a level that is less than
100% of the original Purchase Limit, to repurchase from the Purchasers all, but
not less than all, of the then outstanding Purchaser Interests. The purchase
price in respect thereof shall be an amount equal to the Aggregate Unpaids
through the date of such repurchase, payable in immediately available funds.
Such repurchase shall be without representation, warranty or recourse of any
kind by, on the part of, or against any Purchaser or the Agent.

                                  ARTICLE III.
                                 COMPANY FUNDING

                  Section 3.1 CP Costs. Seller shall pay CP Costs with respect
to the Capital associated with each Purchaser Interest of Company for each day
that any Capital in respect of such Purchaser Interest is outstanding. Each
Purchaser Interest funded substantially with Pooled Commercial Paper will accrue
CP Costs each day on a pro rata basis, based upon the percentage share the
Capital in respect of such Purchaser Interest represents in relation to all
assets held by Company and funded substantially with Pooled Commercial Paper.

                  Section 3.2 CP Costs Payments. On each Settlement Date, Seller
shall pay to the Agent (for the benefit of Company) an aggregate amount equal to
all accrued and unpaid CP Costs in respect of the Capital associated with all
Purchaser Interests of Company for the immediately preceding Accrual Period in
accordance with Article II.

                  Section 3.3 Calculation of CP Costs. On the fifth Business Day
immediately preceding each Settlement Date, Company shall calculate the
aggregate amount of CP Costs for the applicable Accrual Period and shall notify
Seller of such aggregate amount.

                                     Page 5
<PAGE>

                                   ARTICLE IV.
                          FINANCIAL INSTITUTION FUNDING

                  Section 4.1 Financial Institution Funding. Each Purchaser
Interest of the Financial Institutions shall accrue Yield for each day during
its Tranche Period at either the LIBO Rate or the Prime Rate in accordance with
the terms and conditions hereof. Until Seller gives notice to the Agent of
another Discount Rate in accordance with Section 4.4, the initial Discount Rate
for any Purchaser Interest transferred to the Financial Institutions pursuant to
the terms and conditions hereof shall be the Prime Rate. If the Financial
Institutions acquire by assignment from Company any Purchaser Interest pursuant
to Article XIII, each Purchaser Interest so assigned shall each be deemed to
have a new Tranche Period commencing on the date of any such assignment.

                  Section 4.2 Yield Payments. On the Settlement Date for each
Purchaser Interest of the Financial Institutions, Seller shall pay to the Agent
(for the benefit of the Financial Institutions) an aggregate amount equal to the
accrued and unpaid Yield for the entire Tranche Period of each such Purchaser
Interest in accordance with Article II.

                  Section 4.3 Selection and Continuation of Tranche Periods.

                           (a) With consultation from (and approval by) the
Agent, Seller shall from time to time request Tranche Periods for the Purchaser
Interests of the Financial Institutions, provided that, if at any time the
Financial Institutions shall have a Purchaser Interest, Seller shall always
request Tranche Periods such that at least one Tranche Period shall end on the
date specified in clause (A) of the definition of Settlement Date.

                           (b) Seller or the Agent, upon notice to and consent
by the other received at least three (3) Business Days prior to the end of a
Tranche Period (the "Terminating Tranche") for any Purchaser Interest, may,
effective on the last day of the Terminating Tranche: (i) divide any such
Purchaser Interest into multiple Purchaser Interests, (ii) combine any such
Purchaser Interest with one or more other Purchaser Interests that have a
Terminating Tranche ending on the same day as such Terminating Tranche or (iii)
combine any such Purchaser Interest with a new Purchaser Interests to be
purchased on the day such Terminating Tranche ends, provided, that in no event
may a Purchaser Interest of Company be combined with a Purchaser Interest of the
Financial Institutions.

                  Section 4.4 Financial Institution Discount Rates. Seller may
select the LIBO Rate or the Prime Rate for each Purchaser Interest of the
Financial Institutions. Seller shall by 11:00 a.m. (Chicago time): (i) at least
three (3) Business Days prior to the expiration of any Terminating Tranche with
respect to which the LIBO Rate is being requested as a new Discount Rate and
(ii) at least one (1) Business Day prior to the expiration of any Terminating
Tranche with respect to which the Prime Rate is being requested as a new
Discount Rate, give the Agent irrevocable notice of the new Discount Rate for
the Purchaser Interest associated with such Terminating Tranche. Until Seller
gives notice to the Agent of another Discount Rate, the initial Discount Rate
for any Purchaser Interest transferred to the Financial Institutions pursuant to
the terms and conditions hereof shall be the Prime Rate.

                                     Page 6
<PAGE>

                  Section 4.5 Suspension of the LIBO Rate.

                           (a) If any Financial Institution notifies the Agent
that it has determined that funding its Pro Rata Share of the Purchaser
Interests of the Financial Institutions at a LIBO Rate would violate any
applicable law, rule, regulation, or directive of any governmental or regulatory
authority, whether or not having the force of law, or that (i) deposits of a
type and maturity appropriate to match fund its Purchaser Interests at such LIBO
Rate are not available or (ii) such LIBO Rate does not accurately reflect the
cost of acquiring or maintaining a Purchaser Interest at such LIBO Rate, then
the Agent shall suspend the availability of such LIBO Rate and require Seller to
select the Prime Rate for any Purchaser Interest accruing Yield at such LIBO
Rate.

                           (b) If less than all of the Financial Institutions
give a notice to the Agent pursuant to Section 4.5(a), each Financial
Institution which gave such a notice shall be obliged, at the request of Seller,
Company or the Agent, to assign all of its rights and obligations hereunder to
(i) another Financial Institution or (ii) another funding entity nominated by
Seller or the Agent that is acceptable to Company and willing to participate in
this Agreement through the Liquidity Termination Date in the place of such
notifying Financial Institution; provided that (i) the notifying Financial
Institution receives payment in full, pursuant to an Assignment Agreement, of an
amount equal to such notifying Financial Institution's Pro Rata Share of the
Capital and Yield owing to all of the Financial Institutions and all accrued but
unpaid fees and other costs and expenses payable in respect of its Pro Rata
Share of the Purchaser Interests of the Financial Institutions, and (ii) the
replacement Financial Institution otherwise satisfies the requirements of
Section 12.1(b).

                                   ARTICLE V.
                         REPRESENTATIONS AND WARRANTIES

                  Section 5.1 Representations and Warranties of the Seller
Parties. Each Seller Party hereby represents and warrants to the Agent and the
Purchasers, as to itself, as of the date hereof and as of the date of each
Incremental Purchase and the date of each Reinvestment that:

                           (a) Corporate Existence and Power. Such Seller Party
(i) is a corporation duly organized, validly existing and in good standing under
the laws of its jurisdiction of incorporation; (ii) has the power and authority
and all material governmental licenses, authorizations, consents and approvals
to own its assets and carry on its business, to execute, deliver, and perform
its obligations under this Agreement and each other Transaction Document to
which it is a party and to use the proceeds of the purchases made hereunder;
(iii) is duly qualified as a foreign corporation, licensed and in good standing
under the laws of each jurisdiction where its ownership, lease or operation of
property or the conduct of its business requires such qualification or license,
except where the failure to be so qualified, licensed or in good standing would
not adversely affect the business or operations of such Seller Party in any
significant manner; and (iv) is in compliance with all material Laws applicable
to it.

                           (b) Corporate Authorization; No Contravention. The
execution, delivery and performance by each Seller Party of this Agreement and
each other Transaction Document to which it is a party, and the consummation of
the transactions herein and therein contemplated, have been duly authorized by
all necessary corporate action by or on behalf of such Seller Party,

                                     Page 7
<PAGE>

and do not and will not (i) contravene the terms of such Seller Party's
certificate or articles of incorporation and the bylaws or any shareholder
agreements, voting trusts, and similar arrangements applicable to any of its
authorized shares; (ii) conflict with or result in any breach or contravention
of any document evidencing any Contractual Obligation to which such Seller Party
is a party or any of its property is bound or any order, injunction, writ or
decree of any Governmental Authority to which such Seller Party or its property
is subject; (iii) result in the creation of any Lien under (except as created
hereunder), any document evidencing any Contractual Obligation to which such
Seller Party or its Subsidiaries is a party or any of its property is bound or
any order, injunction, writ or decree of any Governmental Authority to which
such Seller Party or its property is subject; or (iv) violate any Law applicable
to such Seller Party or require compliance with any bulk sales act or similar
law.

                           (c) Binding Effect. This Agreement and each other
Transaction Document to which such Seller Party is a party has been duly
executed and delivered and constitutes the legal, valid and binding obligations
of such Seller Party, enforceable against such Seller Party in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, or similar laws affecting the enforcement of creditors' rights
generally or by equitable principles relating to enforceability.

                           (d) Governmental Authorization. Other than the filing
of the financing statements required hereunder, no approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any
Governmental Authority is necessary or required in connection with the
execution, delivery or performance by, or enforcement against, such Seller Party
of this Agreement or any other Transaction Document to which such Seller Party
is a party.

                           (e) Actions, Suits. There are no actions, suits,
proceedings, claims or disputes pending, or to the best knowledge of such Seller
Party, threatened or contemplated, at law, in equity, in arbitration or before
any Governmental Authority, against such Seller Party or any of its properties
which would reasonably be expected to have a Material Adverse Effect (and
assuming for this purpose a reasonable likelihood of an adverse decision). Such
Seller Party is not in default with respect to any order of any court,
arbitrator or governmental body.

                           (f) Accuracy of Information. All information
heretofore furnished by such Seller Party or any of its Affiliates to the Agent
or the Purchasers for purposes of or in connection with this Agreement, any of
the other Transaction Documents or any transaction contemplated hereby or
thereby is, and all such information hereafter furnished by such Seller Party or
any of its Affiliates to the Agent or the Purchasers will be, true and accurate
in every material respect on the date such information is stated or certified
and does not and will not contain any material misstatement of fact or omit to
state a material fact or any fact necessary to make the statements contained
therein not misleading.

                           (g) Use of Proceeds. No proceeds of any purchase
hereunder will be used (i) for a purpose that violates, or would be inconsistent
with, Regulation T, U or X promulgated by the Board of Governors of the Federal
Reserve System from time to time or (ii) to acquire any security in any
transaction which is subject to Section 12, 13 or 14 of the Securities Exchange
Act of 1934, as amended.

                                     Page 8
<PAGE>

                           (h) Good Title. Immediately prior to each purchase
hereunder, Seller (i) shall be the legal and beneficial owner of the Receivables
and (ii) shall be the legal or beneficial owner of the Related Security with
respect thereto (to the extent such Related Security is covered by Article 9 of
the UCC), in each case free and clear of any Adverse Claim, except as created by
the Transaction Documents. There have been duly filed all financing statements
or other similar instruments or documents necessary under the UCC (or any
comparable law) of all appropriate jurisdictions to perfect Seller's ownership
interest in each Receivable, its Collections and the Related Security (to the
extent such Related Security is covered by Article 9 of the UCC).

                           (i) Perfection. This Agreement, together with the
filing of the financing statements contemplated hereby, is effective to, and
shall, upon each purchase hereunder, transfer to the Agent for the benefit of
the relevant Purchaser or Purchasers (and the Agent for the benefit of such
Purchaser or Purchasers shall acquire from Seller) a valid and perfected first
priority undivided percentage ownership or security interest in each Receivable
existing or hereafter arising and in the Related Security (to the extent such
Related Security is covered by Article 9 of the UCC) and Collections with
respect thereto, free and clear of any Adverse Claim, except as created by the
Transactions Documents. There have been duly filed all financing statements or
other similar instruments or documents necessary under the UCC (or any
comparable law) of all appropriate jurisdictions to perfect the Agent's (on
behalf of the Purchasers) ownership or security interest in the Receivables, the
Related Security (to the extent such Related Security is covered by Article 9 of
the UCC) and the Collections.

                           (j) Places of Business, Jurisdiction of Organization
and Locations of Records. The principal places of business, jurisdiction of
organization and chief executive office of such Seller Party and the offices
where it keeps all of its Records are located at the address(es) listed on
Exhibit III or such other locations of which the Agent has been notified in
accordance with Section 7.2(a) in jurisdictions where all action required by
Section 14.4(a) has been taken and completed. Seller's organizational number
assigned to it by its jurisdiction of organization and Seller's Federal Employer
Identification Number are correctly set forth on Exhibit III. Seller has not,
within a period of one year prior to the date hereof, (i) changed the location
of its principal place of business or chief executive office or its corporate
structure, (ii) changed its legal name, (iii) become a "new debtor" (as defined
in Section 9-102(a)(56) of the UCC in effect in the state of Delaware or (iv)
changed its jurisdiction of organization. Seller is a Delaware corporation and
is a "registered organization" (within the meaning of Section 9-102 of the UCC
in effect in the State of Delaware).

                           (k) Collections. The conditions and requirements set
forth in Section 7.1(j) and Section 8.2 have at all times been satisfied and
duly performed. The names and addresses of all Collection Banks, together with
the account numbers of the Collection Accounts of Seller at each Collection Bank
and the post office box number of each Lock-Box, are listed on Exhibit IV.
Seller has not granted any Person, other than the Agent as contemplated by this
Agreement, dominion and control or "control" (within the meaning of Section
9-104 of the UCC of all applicable jurisdictions) of any Lock-Box or Collection
Account, or the right to take dominion and control or "control" (within the
meaning of Section 9-104 of the UCC of all applicable jurisdictions) of any such
Lock-Box or Collection Account at a future time or upon the occurrence of a
future event. Seller has taken all steps necessary to ensure that the Agent has
"control" (within the meaning of Section 9-104 of the UCC of all applicable
jurisdictions) over

                                     Page 9
<PAGE>

all Collection Accounts and Lock-Boxes. Such Seller Party has the ability to
identify, within two (2) Business Days of deposit, all amounts that are
deposited to the ACH Account as constituting Collections or non-Collections.

                           (l) Material Adverse Effect. (i) The initial Servicer
represents and warrants that since December 31, 2001, no event has occurred that
would have a material adverse effect on the financial condition or operations of
the initial Servicer and its Subsidiaries or the Performance Guarantor or the
ability of the initial Servicer to perform its obligations under this Agreement,
and (ii) Seller represents and warrants that since the date of this Agreement,
no event has occurred that would have a material adverse effect on (A) the
financial condition or operations of Seller, (B) the ability of Seller to
perform its obligations under the Transaction Documents, or (C) the
collectibility of the Receivables generally or any material portion of the
Receivables.

                           (m) Names. In the past five (5) years, Seller has not
used any corporate names, trade names or assumed names other than the name in
which it has executed this Agreement and other than the trade names listed on
Exhibit III hereto.

                           (n) Ownership of Seller. Originator owns, directly or
indirectly, 100% of the issued and outstanding capital stock of Seller, free and
clear of any Adverse Claim. Such capital stock is validly issued, fully paid and
nonassessable, and there are no options, warrants or other rights to acquire
securities of Seller.

                           (o) Not a Holding Company or an Investment Company.
Such Seller Party is not a "holding company" or a "subsidiary holding company"
of a "holding company" within the meaning of the Public Utility Holding Company
Act of 1935, as amended, or any successor statute. Such Seller Party is not, and
after giving effect to the transactions contemplated hereby, will not be
required to be registered as, an "investment company" within the meaning of the
Investment Company Act of 1940, as amended, or any successor statute.

                           (p) Compliance with Law. Such Seller Party has
complied in all respects with all applicable laws, rules, regulations, orders,
writs, judgments, injunctions, decrees or awards to which it may be subject,
except where the failure to so comply could not reasonably be expected to have a
Material Adverse Effect (such determination to be made solely by Agent). Each
Receivable, together with the Contract related thereto, does not contravene any
laws, rules or regulations applicable thereto (including, without limitation,
laws, rules and regulations relating to truth in lending, fair credit billing,
fair credit reporting, equal credit opportunity, fair debt collection practices
and privacy), and no part of such Contract is in violation of any such law, rule
or regulation, except, in each of the foregoing cases, where such contravention
or violation could not reasonably be expected to have a Material Adverse Effect
(such determination to be made solely by Agent).

                           (q) Compliance with Credit and Collection Policy.
Such Seller Party has complied in all material respects with the Credit and
Collection Policy with regard to each Receivable and the related Contract, and
has not made any material change to such Credit and Collection Policy, except
such material change as to which the Agent has been notified in accordance with
Section 7.1(a)(vii).

                                    Page 10
<PAGE>

                           (r) Payments to Originator. The Seller represents and
warrants with respect to each Receivable transferred to Seller under the
Receivables Sale Agreement, Seller has given reasonably equivalent value to
Originator in consideration therefor and such transfer was not made for or on
account of an antecedent debt. No transfer by Originator of any Receivable under
the Receivables Sale Agreement is or may be voidable under any Section of the
Bankruptcy Reform Act of 1978 (11 U.S.C. Sections 101 et seq.), as amended.

                           (s) Enforceability of Contracts. The Seller
represents and warrants each Contract with respect to each Receivable is
effective to create, and has created, a legal, valid and binding obligation of
the related Obligor to pay the Outstanding Balance of the Receivable created
thereunder (as such Outstanding Balance may be adjusted pursuant to the terms of
the Contract) and any accrued interest thereon, enforceable against the Obligor
in accordance with its terms, except as such enforcement may be limited by
applicable bankruptcy, insolvency, reorganization or other similar laws relating
to or limiting creditors' rights generally and by general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at
law).

                           (t) Eligible Receivables. The Seller represents and
warrants each Receivable included in the Net Receivables Balance as an Eligible
Receivable on the date of its purchase under the Receivables Sale Agreement was
an Eligible Receivable on such purchase date.

                           (u) Net Receivables Balance. Seller has determined
that, immediately after giving effect to each purchase hereunder, the Net
Receivables Balance is at least equal to the sum of (i) the Aggregate Capital,
plus (ii) the Aggregate Reserves.

                           (v) Accounting. The fact that such Seller Party does
not account for the transactions contemplated by this Agreement as sales for
financial or tax accounting purposes does not jeopardize the legal
characterization of the transactions contemplated herein as being true sales.

                           (w) Identification of Receivables. Each Seller Party
identifies receivables belonging to the "Company 1" accounting classification in
the GEAC Accounting System with an account code beginning with "01000000000"
followed by a two-alpha, three numeric identification system.

                           (x) Master Data Processing Records. Such Seller Party
does not maintain any master data processing records or other database that
includes or refers to the Receivables other than those relating to the aging of
the Receivables.

                           (y) Receivables Not Evidenced by Negotiable
Instruments. At the time each Receivable is created, such Receivable is not
evidenced by a negotiable instrument.

                  Section 5.2 Financial Institution Representations and
Warranties. Each Financial Institution hereby represents and warrants to the
Agent and Company that:

                           (a) Existence and Power. Such Financial Institution
is a corporation or a banking association duly organized, validly existing and
in good standing under the laws of its

                                    Page 11
<PAGE>
jurisdiction of incorporation or organization, and has all corporate power to
perform its obligations hereunder.

                  (b) No Conflict. The execution and delivery by such Financial
Institution of this Agreement and the performance of its obligations hereunder
are within its corporate powers, have been duly authorized by all necessary
corporate action, do not contravene or violate (i) its certificate or articles
of incorporation or association or by-laws, (ii) any law, rule or regulation
applicable to it, (iii) any restrictions under any agreement, contract or
instrument to which it is a party or by which any of its property is bound, or
(iv) any order, writ, judgment, award, injunction or decree binding on or
affecting it or its property, and do not result in the creation or imposition of
any Adverse Claim on its assets. This Agreement has been duly authorized,
executed and delivered by such Financial Institution.

                  (c) Governmental Authorization. No authorization or approval
or other action by, and no notice to or filing with, any governmental authority
or regulatory body is required for the due execution and delivery by such
Financial Institution of this Agreement and the performance of its obligations
hereunder.

                  (d) Binding Effect. This Agreement constitutes the legal,
valid and binding obligation of such Financial Institution enforceable against
such Financial Institution in accordance with its terms, except as such
enforcement may be limited by applicable bankruptcy, insolvency, reorganization
or other similar laws relating to or limiting creditors' rights generally and by
general principles of equity (regardless of whether such enforcement is sought
in a proceeding in equity or at law).

                                   ARTICLE VI.
                             CONDITIONS OF PURCHASES

         Section 6.1 Conditions Precedent to Initial Incremental Purchase. The
initial Incremental Purchase of a Purchaser Interest under this Agreement is
subject to the conditions precedent that (a) the Agent shall have received on or
before the date of such purchase those documents listed on Schedule B, (b) the
Agent shall have received all fees and expenses required to be paid on such date
pursuant to the terms of this Agreement and the Fee Letter and (c) the Agent
shall have completed its audit and due diligence review and shall have obtained
credit approval for the transactions contemplated by this Agreement.

         Section 6.2 Conditions Precedent to All Purchases and Reinvestments.
Each purchase of a Purchaser Interest (other than pursuant to Section 13.1) and
each Reinvestment shall be subject to the further conditions precedent that (a)
in the case of each such purchase or Reinvestment: (i) the Servicer shall have
delivered to the Agent on or prior to the date of such purchase, in form and
substance satisfactory to the Agent, all Settlement Reports as and when due
under Section 8.5 and (ii) upon the Agent's request, the Servicer shall have
delivered to the Agent at least three (3) days prior to such purchase or
Reinvestment an interim Settlement Report showing the amount of Eligible
Receivables; (b) the Facility Termination Date shall not have occurred; (c) the
Agent shall have received such other approvals, opinions or documents as it may
reasonably request and (d) on the date of each such Incremental Purchase or
Reinvestment, the following statements shall be true (and acceptance of the
proceeds of such

                                    Page 12
<PAGE>

Incremental Purchase or Reinvestment shall be deemed a representation and
warranty by Seller that such statements are then true):

                           (i) the representations and warranties set forth in
         Section 5.1 are true and correct on and as of the date of such
         Incremental Purchase or Reinvestment as though made on and as of such
         date;

                           (ii) no event has occurred and is continuing, or
         would result from such Incremental Purchase or Reinvestment, that will
         constitute an Amortization Event, and no event has occurred and is
         continuing, or would result from such Incremental Purchase or
         Reinvestment, that would constitute a Potential Amortization Event,
         provided, however, that upon notice to the Agent of such Potential
         Amortization Event (A) Reinvestments shall be permitted during the five
         (5) consecutive Business Day period during which Seller Party can cure
         an event described in Section 9.1(a)(ii) hereof and (B) Reinvestments
         shall be permitted during the thirty (30) consecutive day period during
         which Servicer can cure an event described in Section 9.1(h)(ii)
         hereof, provided that Servicer has adequate cash reserves available and
         allocated to cover such money judgment; and

                           (iii) the Aggregate Capital does not exceed the
         Purchase Limit and the aggregate Purchaser Interests do not exceed
         100%.

It is expressly understood that each Reinvestment shall, unless otherwise
directed by the Agent or any Purchaser, occur automatically on each day that the
Servicer shall receive any Collections without the requirement that any further
action be taken on the part of any Person and notwithstanding the failure of
Seller to satisfy any of the foregoing conditions precedent in respect of such
Reinvestment. The failure of Seller to satisfy any of the foregoing conditions
precedent in respect of any Reinvestment shall give rise to a right of the
Agent, which right may be exercised at any time on demand of the Agent, to
rescind the related purchase and direct Seller to pay to the Agent for the
benefit of the Purchasers an amount equal to the Collections prior to the
Amortization Date that shall have been applied to the affected Reinvestment.

                                  ARTICLE VII.
                                    COVENANTS

         Section 7.1 Affirmative Covenants of The Seller Parties. Until the date
on which the Aggregate Unpaids have been indefeasibly paid in full and this
Agreement terminates in accordance with its terms, each Seller Party hereby
covenants, as to itself, as set forth below:

                  (a) Financial Reporting. Such Seller Party will maintain, for
itself and each of its Subsidiaries, a system of accounting established and
administered in accordance with GAAP, and furnish or cause to be furnished to
the Agent:

                           (i) Annual Reporting. Within 90 days after the close
         of each of its respective fiscal years, audited, unqualified financial
         statements (which shall include balance sheets, statements of income
         and retained earnings and a statement of cash flows) for Ceridian for
         such fiscal year certified in a manner reasonably acceptable to the
         Agent by nationally recognized independent public accountants
         reasonably

                                    Page 13
<PAGE>

         acceptable to the Agent (such acceptance not to be unreasonably
         withheld) and within 90 days after the close of its fiscal year,
         unaudited financial statements (which shall include balance sheet,
         statement of income and retained earnings and statement of cash flows)
         for the Seller for such fiscal year.

                           (ii) Quarterly Reporting. Within 45 days after the
         close of the first three (3) quarterly periods of each of its
         respective fiscal years, balance sheets of each of Seller and Ceridian
         as at the close of each such period and statements of income and
         retained earnings and a statement of cash flows for each such Person
         for the period from the beginning of such fiscal year to the end of
         such quarter, all certified by its respective chief financial officer,
         corporate controller or treasurer.

                           (iii) Compliance Certificate. Together with the
         financial statements required hereunder, if any, a compliance
         certificate in substantially the form of Exhibit V signed by such
         Seller Party's or Ceridian's Authorized Officer, as applicable, and
         dated the last date of such year or quarter, as the case may be.

                           (iv) Shareholders Statements and Reports. Promptly
         upon the furnishing thereof to the shareholders of such Seller Party or
         Ceridian copies of all financial statements, reports and proxy
         statements so furnished.

                           (v) S.E.C. Filings. Promptly upon the filing thereof,
         copies of all registration statements and annual, quarterly, monthly or
         other regular reports which Originator, any of its Subsidiaries or
         Ceridian files with the Securities and Exchange Commission.

                           (vi) Copies of Notices. Promptly upon its receipt of
         any notice, request for consent, financial statements, certification,
         report or other communication under or in connection with any
         Transaction Document from any Person other than the Agent or Company,
         copies of the same.

                           (vii) Change in Credit and Collection Policy. At
         least thirty (30) days prior to the effectiveness of any material
         change in or material amendment to the Credit and Collection Policy, a
         copy of the Credit and Collection Policy then in effect and a notice
         (A) indicating such change or amendment, and (B) if such proposed
         change or amendment would be reasonably likely to adversely affect the
         collectibility of the Receivables or decrease the credit quality of any
         newly created Receivables, requesting the Agent's consent thereto.

                           (viii) Other Information. Promptly, from time to
         time, such other information, documents, records or reports relating to
         the Receivables or the condition or operations, financial or otherwise,
         of such Seller Party or Ceridian as the Agent may from time to time
         reasonably request in order to protect the interests of the Agent and
         the Purchasers under or as contemplated by this Agreement.

                  (b) Notices. Such Seller Party will notify the Agent in
writing of any of the following promptly upon learning of the occurrence
thereof, describing the same and, if applicable, the steps being taken with
respect thereto:

                                    Page 14

<PAGE>

                           (i) Amortization Events or Potential Amortization
         Events. The occurrence of each Amortization Event and each Potential
         Amortization Event, by a statement of an Authorized Officer of such
         Seller Party.

                           (ii) Judgment and Proceedings. (A) (1) The entry of
         any judgment or decree against the Servicer or any of its respective
         Subsidiaries if the aggregate amount of all judgments and decrees then
         outstanding against the Servicer and its Subsidiaries exceeds
         $10,000,000 and (2) the institution of any litigation, arbitration
         proceeding or governmental proceeding against the Servicer which,
         individually or in the aggregate, could reasonably be expected to have
         a Material Adverse Effect; and (B) the entry of any judgment or decree
         or the institution of any litigation, arbitration proceeding or
         governmental proceeding against Seller that could reasonably be
         expected to have a Material Adverse Effect.

                           (iii) Material Adverse Effect. The occurrence of any
         event or condition that has had, or could reasonably be expected to
         have, a Material Adverse Effect.

                           (iv) Termination Date. The occurrence of the
         "Termination Date" under and as defined in the Receivables Sale
         Agreement.

                           (v) Defaults Under Other Agreements. The occurrence
         of a default or an event of default under any other financing
         arrangement pursuant to which such Seller Party or Performance
         Guarantor is a debtor or an obligor.

                  (c) Compliance with Laws and Preservation of Corporate
Existence. Such Seller Party will comply in all respects with all applicable
laws, rules, regulations, orders, writs, judgments, injunctions, decrees or
awards to which it may be subject, except where the failure to so comply could
not reasonably be expected to have a Material Adverse Effect (such determination
to be made solely by the Agent). Such Seller Party will preserve and maintain
its corporate existence, rights, franchises and privileges in the jurisdiction
of its incorporation, and qualify and remain qualified in good standing as a
foreign corporation in each jurisdiction where its business is conducted, except
where the failure to so qualify or remain in good standing could not reasonably
be expected to have a Material Adverse Effect (such determination to be made
solely by the Agent).

                  (d) Audits. Such Seller Party will furnish to the Agent from
time to time such information with respect to it and the Receivables as the
Agent may reasonably request. Such Seller Party will, from time to time during
regular business hours as requested by the Agent upon reasonable notice and at
the sole cost of such Seller Party, permit the Agent, or its agents or
representatives, (i) to examine and make copies of and abstracts from all
Records in the possession or under the control of such Person relating to the
Receivables and the Related Security and Shared Security, including, without
limitation, the related Contracts and (ii) to visit the offices and properties
of such Person for the purpose of examining such materials described in clause
(i) above, and to discuss matters relating to such Person's financial condition
or the Receivables and the Related Security and Shared Security or any Person's
performance under any of the Transaction Documents or any Person's performance
under the Contracts and, in each

                                    Page 15

<PAGE>

case, with any of the officers or employees of Seller or the Servicer having
knowledge of such matters. Such Seller Party will, (A) annually and prior to any
Financial Institution renewing its Commitment hereunder, during regular business
hours as requested by the Agent upon reasonable notice and at the sole cost of
such Seller Party, permit the Agent, or its agents or representatives, to
conduct a follow-up audit; (B) from and after the occurrence of any Amortization
Event, at any time during regular business hours as requested by the Agent and
at the sole cost of such Seller Party, permit the Agent, or its agents or
representatives, to conduct a follow-up audit; and (C) at any time during
regular business hours as requested by the Agent upon reasonable notice and at
the sole cost of the Agent, permit the Agent, or its agents or representatives,
to conduct a follow-up audit, provided that the audits conducted pursuant to
this clause (C) shall not exceed two per fiscal year unless the results from any
such follow-up audit are unsatisfactory in the sole discretion of the Agent.

                  (e) Keeping and Marking of Records and Books.

                           (i) The Servicer will maintain and implement
         administrative and operating procedures (including, without limitation,
         an ability to recreate records evidencing Receivables in the event of
         the destruction of the originals thereof), and keep and maintain all
         documents, books, records and other information reasonably necessary or
         advisable for the collection of all Receivables (including, without
         limitation, records adequate to permit the immediate identification of
         each new Receivable and all Collections of and adjustments to each
         existing Receivable). The Servicer will give the Agent notice of any
         material change in the administrative and operating procedures referred
         to in the previous sentence.

                           (ii) Such Seller Party will (A) on or prior to the
         date hereof, mark its master data processing records relating to the
         aging of the Receivables with a legend, acceptable to the Agent,
         describing the Purchaser Interests and (B) upon the request of the
         Agent from and after the occurrence of any Amortization Event (x) mark
         each Contract and other books and records relating to the Purchaser
         Interests with a legend describing the Purchaser Interests and (y)
         deliver to the Agent all Contracts (including, without limitation, all
         multiple originals of any such Contract) and other books and records
         relating to the Receivables (it being understood and agreed that such
         Seller Party may retain copies of all such Contracts, and upon the
         request of such Seller Party, the Agent will return (1) the original
         copy of any such Contract to the extent such Contract is not needed to
         enforce the Agent's or the Purchasers' rights thereunder and solely for
         the limited purpose of enabling such Seller Party to enforce its rights
         thereunder and (2) the original copy of any such Contract following the
         indefeasible payment in full of the Aggregate Unpaids).

                  (f) Compliance with Contracts and Credit and Collection
Policy. Such Seller Party will timely and fully (i) perform and comply with all
material provisions, covenants and other promises required to be observed by it
under the Contracts related to the Receivables, and (ii) comply in all material
respects with the Credit and Collection Policy in regard to each Receivable and
the related Contract.

                                    Page 16
<PAGE>

                  (g) Performance and Enforcement of Receivables Sale Agreement.
Seller will, and will require Originator to, perform each of their respective
obligations and undertakings under and pursuant to the Receivables Sale
Agreement, will purchase Receivables thereunder in strict compliance with the
terms thereof and will vigorously enforce the rights and remedies accorded to
Seller under the Receivables Sale Agreement. Seller will take all actions to
perfect and enforce its rights and interests (and the rights and interests of
the Agent and the Purchasers as assignees of Seller) under the Receivables Sale
Agreement as the Agent may from time to time reasonably request, including,
without limitation, making claims to which it may be entitled under any
indemnity, reimbursement or similar provision contained in the Receivables Sale
Agreement.

                  (h) Ownership. Seller will (or will cause Originator to) take
all necessary action to (i) vest legal and equitable title to the Receivables,
the Related Security (to the extent such Related Security is covered by Article
9 of the UCC) and the Collections purchased under the Receivables Sale Agreement
irrevocably in Seller, free and clear of any Adverse Claims other than Adverse
Claims in favor of the Agent and the Purchasers (including, without limitation,
the filing of all financing statements or other similar instruments or documents
necessary under the UCC (or any comparable law) of all appropriate jurisdictions
to perfect Seller's interest in such Receivables, Related Security and
Collections and such other action to perfect, protect or more fully evidence the
interest of Seller therein as the Agent may reasonably request), and (ii)
establish and maintain, in favor of the Agent, for the benefit of the
Purchasers, a valid and perfected first priority undivided percentage ownership
interest (and/or a valid and perfected first priority security interest) in all
Receivables, Related Security and Collections to the full extent contemplated
herein, free and clear of any Adverse Claims other than Adverse Claims in favor
of the Agent for the benefit of the Purchasers (including, without limitation,
the filing of all financing statements or other similar instruments or documents
necessary under the UCC (or any comparable law) of all appropriate jurisdictions
to perfect the Agent's (for the benefit of the Purchasers) interest in such
Receivables, Related Security and Collections and such other action to perfect,
protect or more fully evidence the interest of the Agent for the benefit of the
Purchasers as the Agent may reasonably request).

                  (i) Purchasers' Reliance. Seller acknowledges that the
Purchasers are entering into the transactions contemplated by this Agreement in
reliance upon Seller's identity as a legal entity that is separate from
Originator. Therefore, from and after the date of execution and delivery of this
Agreement, Seller shall take all reasonable steps, including, without
limitation, all steps that the Agent or any Purchaser may from time to time
reasonably request, to maintain Seller's identity as a separate legal entity and
to make it manifest to third parties that Seller is an entity with assets and
liabilities distinct from those of Originator and any Affiliates thereof and not
just a division of Originator or any such Affiliate. Without limiting the
generality of the foregoing and in addition to the other covenants set forth
herein, Seller will:

                           (A) conduct its own business in its own name and
require that all full-time employees of Seller, if any, identify themselves as
such and not as employees of Originator or any Affiliate thereof (including,
without limitation, by means of providing appropriate employees with business or
identification cards identifying such employees as Seller's employees);

                                    Page 17

<PAGE>

                           (B) compensate all employees, consultants and agents
directly, from Seller's own funds, for services provided to Seller by such
employees, consultants and agents and, to the extent any employee, consultant or
agent of Seller is also an employee, consultant or agent of Originator or any
Affiliate thereof, allocate the compensation of such employee, consultant or
agent between Seller and Originator or such Affiliate, as applicable, on a basis
that reflects the services rendered to Seller and Originator or such Affiliate,
as applicable;

                           (C) clearly identify its offices (by signage or
otherwise) as its offices and, if such office is located in the offices of
Originator or any Affiliate thereof, Seller shall lease such office at a fair
market rent;

                           (D) have a separate telephone number, which will be
answered only in its name and separate stationery, invoices and checks in its
own name;

                           (E) conduct all transactions with Originator and the
Servicer and their respective Affiliates (including, without limitation, any
delegation of its obligations hereunder as Servicer) strictly on an arm's-length
basis, allocate all overhead expenses (including, without limitation, telephone
and other utility charges) for items shared between Seller and Originator or any
Affiliate thereof on the basis of actual use to the extent practicable and, to
the extent such allocation is not practicable, on a basis reasonably related to
actual use;

                           (F) at all times have a Board of Directors consisting
of three members, at least one member of which is an Independent Director;

                           (G) observe all corporate formalities as a distinct
entity, and ensure that all corporate actions relating to (A) the selection,
maintenance or replacement of the Independent Director, (B) the dissolution or
liquidation of Seller or (C) the initiation of, participation in, acquiescence
in or consent to any bankruptcy, insolvency, reorganization or similar
proceeding involving Seller, are duly authorized by unanimous vote of its Board
of Directors (including the Independent Director);

                           (H) maintain Seller's books and records separate from
those of Originator and any Affiliate thereof and otherwise readily identifiable
as its own assets rather than assets of Originator and any Affiliate thereof;

                           (I) prepare its financial statements separately from
those of Originator and insure that any consolidated financial statements of
Originator or any Affiliate thereof that include Seller and that are filed with
the Securities and Exchange Commission or any other governmental agency have
notes clearly stating that Seller is a separate corporate entity and that its
assets will be available first and foremost to satisfy the claims of the
creditors of Seller;

                           (J) except as herein specifically otherwise provided,
maintain the funds or other assets of Seller separate from, and not commingled
with, those of Originator or any Affiliate thereof and only maintain bank
accounts or other depository accounts to which Seller alone (or the Servicer in
the performance of its duties hereunder) is the account party, into which Seller
alone (or the Servicer in the performance of its duties hereunder) makes
deposits

                                    Page 18
<PAGE>

and from which Seller alone ((or the Servicer in the performance of its duties
hereunder) or the Agent hereunder) has the power to make withdrawals;

                           (K) pay all of Seller's operating expenses from
Seller's own assets (except for certain payments by Originator or other Persons
pursuant to allocation arrangements that comply with the requirements of this
Section 7.1(i));

                           (L) operate its business and activities such that: it
does not engage in any business or activity of any kind, or enter into any
transaction or indenture, mortgage, instrument, agreement, contract, lease or
other undertaking, other than the transactions contemplated and authorized by
this Agreement and the Receivables Sale Agreement; and does not create, incur,
guarantee, assume or suffer to exist any indebtedness or other liabilities,
whether direct or contingent, other than (1) as a result of the endorsement of
negotiable instruments for deposit or collection or similar transactions in the
ordinary course of business, (2) the incurrence of obligations under this
Agreement, (3) the incurrence of obligations, as expressly contemplated in the
Receivables Sale Agreement, to make payment to Originator thereunder for the
purchase of Receivables from Originator under the Receivables Sale Agreement,
and (4) the incurrence of operating expenses in the ordinary course of business
of the type otherwise contemplated by this Agreement;

                           (M) maintain its corporate charter in conformity with
this Agreement, such that it does not amend, restate, supplement or otherwise
modify its Certificate of Incorporation or By-Laws in any respect that would
impair its ability to comply with the terms or provisions of any of the
Transaction Documents, including, without limitation, Section 7.1(i) of this
Agreement;

                           (N) maintain the effectiveness of, and continue to
perform under the Receivables Sale Agreement and the Performance Undertaking,
such that it does not amend, restate, supplement, cancel, terminate or otherwise
modify the Receivables Sale Agreement or the Performance Undertaking, or give
any consent, waiver, directive or approval thereunder or waive any default,
action, omission or breach under the Receivables Sale Agreement or the
Performance Undertaking or otherwise grant any indulgence thereunder, without
(in each case) the prior written consent of the Agent;

                           (O) maintain its corporate separateness such that it
does not merge or consolidate with or into, or convey, transfer, lease or
otherwise dispose of (whether in one transaction or in a series of transactions,
and except as otherwise contemplated herein) all or substantially all of its
assets (whether now owned or hereafter acquired) to, or acquire all or
substantially all of the assets of, any Person, nor at any time create, have,
acquire, maintain or hold any interest in any Subsidiary.

                           (P) maintain at all times the Required Capital Amount
(as defined in the Receivables Sale Agreement) and refrain from making any
dividend, distribution, redemption of capital stock or payment of any
subordinated indebtedness which would cause the Required Capital Amount to cease
to be so maintained; and

                                    Page 19
<PAGE>

                           (Q) take such other actions as are necessary on its
part to ensure that the facts and assumptions set forth in the opinion issued by
Latham & Watkins, as counsel for Seller, in connection with the closing or
initial Incremental Purchase under this Agreement and relating to substantive
consolidation issues, and in the certificates accompanying such opinion, remain
true and correct in all material respects at all times.

                  (j) Collections. Subject to the second sentence of this clause
(j), such Seller Party will cause (1) all proceeds from all Lock-Boxes to be
directly deposited by a Collection Bank into a Collection Account, (2) from and
after September 24, 2002, all Collections to be remitted to a Collection Account
and not the ACH Account, (3) each Lock-Box and Collection Account to be subject
at all times to a Collection Account Agreement that is in full force and effect.
In the event any payments relating to receivables not owned by Seller are
remitted directly to a Lock-Box, Servicer will transfer (or will cause all such
amounts to be transferred) out of the Lock-Box or Collection Account within one
(1) Business Day following discovery thereof. In the event any payments relating
to Receivables are remitted directly to Seller or any Affiliate of Seller,
Seller will remit (or will cause all such payments to be remitted) directly to a
Collection Bank and deposited into a Collection Account within two (2) Business
Days following discovery thereof, and, at all times prior to such remittance,
Seller will itself hold or, if applicable, will cause such payments to be held
in trust for the exclusive benefit of the Agent and the Purchasers. Seller will
maintain exclusive ownership, dominion and control (subject to the terms of this
Agreement) of each Lock-Box and Collection Account and shall not grant the right
to take dominion and control or establish "control" (within the meaning of
Section 9-104 of the UCC of all applicable jurisdictions) of any Lock-Box or
Collection Account at a future time or upon the occurrence of a future event to
any Person, except to the Agent as contemplated by this Agreement. With respect
to each Lock-Box or Collection Account, Seller shall take all steps necessary to
ensure that the Agent has "control" (within the meaning of Section 9-104 of the
UCC of all applicable jurisdictions) over such Lock-Box or Collection Account.

                  (k) Taxes. To the extent not filed by Ceridian, such Seller
Party will file all tax returns and reports required by law to be filed by it.
To the extent not paid by Ceridian, such Seller Party shall pay and discharge as
the same shall become due and payable, all tax liabilities, assessments and
governmental charges or levies upon it or its properties or assets, unless the
same are being contested in good faith by appropriate proceedings and adequate
reserves in accordance with GAAP are being maintained by such Seller Party,
provided, however, that such Seller Party shall not be deemed to be in default
under this clause (k) if failure to comply herewith would not result in a
Material Adverse Effect. Seller will pay when due any taxes payable in
connection with the Receivables, exclusive of taxes on or measured by income or
gross receipts of Company, the Agent or any Financial Institution.

                  (l) Insurance. Seller will maintain in effect, or cause to be
maintained in effect, at Seller's own expense, such casualty and liability
insurance as Seller shall deem appropriate in its good faith business judgment.
Seller will pay or cause to be paid, the premiums therefor and deliver to the
Agent evidence satisfactory to the Agent of such insurance coverage. Copies of
each declarations page shall be made available for inspection to the Agent and
any Purchaser upon the Agent's or such Purchaser's request. The foregoing
requirements shall not be construed to negate, reduce or modify, and are in
addition to, Seller's obligations hereunder.

                                    Page 20
<PAGE>

                  (m) Payment to Originator. With respect to any Receivable
purchased by Seller from Originator, such sale shall be effected under, and in
strict compliance with the terms of, the Receivables Sale Agreement, including,
without limitation, the terms relating to the amount and timing of payments to
be made to Originator in respect of the purchase price for such Receivable.

                  (n) Identification of Receivables. Each Seller Party will
continue to identify receivables belonging to the "Company 1" accounting
classification in the GEAC Accounting System with an account code beginning with
"01000000000" followed by a two-alpha, three numeric identification system.

                  (o) Shared Security. Upon the request of Agent, each Seller
Party will exercise any and all of its rights to foreclose, draw, collect,
liquidate or otherwise convert to cash or other property any Shared Security
which secures, guarantees or provides other support in respect of any Receivable
for the satisfaction of any defaulted obligation. Immediately upon receipt of
any cash or other proceeds of Shared Security which secure, guarantee or provide
other support in respect of any Receivable, either Seller Party shall deliver
that portion which relates to such Receivable to a Collection Account and, at
all times prior to delivering such proceeds to a Collection Account, such Seller
Party shall hold the same in trust for the benefit of the Agent.

         Section 7.2 Negative Covenants of The Seller Parties. Until the date on
which the Aggregate Unpaids have been indefeasibly paid in full and this
Agreement terminates in accordance with its terms, each Seller Party hereby
covenants, as to itself, that:

                  (a) Name Change, Jurisdiction of Organization, Corporate
Structure, Offices and Records. Such Seller Party will not change its name,
identity, jurisdiction of organization or corporate structure (within the
meaning of Sections 9-503 and/or 9-507 of the UCC of all applicable
jurisdictions) or relocate its chief executive office, principal place of
business or any office where Records are kept unless it shall have: (i) given
the Agent at least forty-five (45) days' prior written notice thereof and (ii)
delivered to the Agent all financing statements, instruments and other documents
requested by the Agent in connection with such change or relocation.

                  (b) Change in Payment Instructions to Obligors. Except as may
be required by the Agent pursuant to Section 8.2(b), such Seller Party will not
add or terminate any bank as a Collection Bank, or make any change in the
instructions to Obligors regarding payments to be made to any Lock-Box or
Collection Account, unless the Agent shall have received, at least ten (10) days
before the proposed effective date therefor, (i) written notice of such
addition, termination or change and (ii) with respect to the addition of a
Collection Bank or a Collection Account or Lock-Box, an executed Collection
Account Agreement with respect to the new Collection Account or Lock-Box;
provided, however, that the Servicer may make changes in instructions to
Obligors regarding payments if such new instructions require such Obligor to
make payments to another existing Collection Account.

                  (c) Modifications to Contracts and Credit and Collection
Policy. Such Seller Party will not make any change to the Credit and Collection
Policy that could adversely affect the collectibility of the Receivables or
decrease the credit quality of any newly created

                                    Page 21
<PAGE>

Receivables. Except as provided in Section 8.2(d), the Servicer will not extend,
amend or otherwise modify the terms of any Receivable or any Contract related
thereto other than in accordance with the Credit and Collection Policy.

                  (d) Sales, Liens. Seller will not sell, assign (by operation
of law or otherwise) or otherwise dispose of, or grant any option with respect
to, or create or suffer to exist any Adverse Claim upon (including, without
limitation, the filing of any financing statement) or with respect to, any
Receivable, Related Security, Shared Security or Collections, or upon or with
respect to any Contract under which any Receivable arises, or any Lock-Box or
Collection Account, or assign any right to receive income with respect thereto
(other than, in each case, the creation of the interests therein in favor of the
Agent and the Purchasers provided for herein and, solely in the case of Shared
Security, liens in favor of Originator), and Seller will defend the right, title
and interest of the Agent and the Purchasers in, to and under any of the
foregoing property, against all claims of third parties claiming through or
under Seller or Originator. Seller will not create or suffer to exist any
mortgage, pledge, security interest, encumbrance, lien, charge or other similar
arrangement on any of its inventory.

                  (e) Net Receivables Balance. At no time prior to the
Amortization Date shall Seller permit the Net Receivables Balance to be less
than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the
Aggregate Reserves.

                  (f) Termination Date Determination. Seller will not designate
the Termination Date (as defined in the Receivables Sale Agreement), or send any
written notice to Originator in respect thereof, without the prior written
consent of the Agent, except with respect to the occurrence of such Termination
Date arising pursuant to Section 5.1(d) of the Receivables Sale Agreement.

                  (g) Restricted Junior Payments. From and after the occurrence
of any Amortization Event, Seller will not make any Restricted Junior Payment
if, after giving effect thereto, Seller would fail to meet its obligations set
forth in Section 7.2(e).

                  (h) Collections. Except as contemplated by Section 7.1(j),
Seller will not deposit or otherwise credit, or cause or permit to be so
deposited or credited, to any Collection Account cash or cash proceeds other
than Collections. Except as may be required pursuant to the last sentence of
Section 8.2(b), Seller will not deposit or credit, or cause to be so deposited
or credited, any Collections or proceeds thereof to any lockbox account or to
any other account not covered by a Collection Account Agreement.

                                  ARTICLE VIII.
                          ADMINISTRATION AND COLLECTION

         Section 8.1 Designation of Servicer. (a) The servicing, administration
and collection of the Receivables shall be conducted by such Person (the
"Servicer") so designated from time to time in accordance with this Section
8.1. Comdata is hereby designated as, and hereby agrees to perform the duties
and obligations of, the Servicer pursuant to the terms of this Agreement. The
Agent may at any time after an occurrence and during the continuation of an
Amortization Event

                                    Page 22
<PAGE>

or a Specified Potential Amortization Event designate as Servicer any Person to
succeed Comdata or any successor Servicer.

                  (b) Without the prior written consent of the Agent and the
Required Financial Institutions, Comdata shall not be permitted to delegate any
of its duties or responsibilities as Servicer to any Person other than (i)
Seller, (ii) Performance Guarantor or (iii) with respect to certain Charged-Off
Receivables, outside collection agencies in accordance with its customary
practices. Seller shall not be permitted to further delegate to any other Person
any of the duties or responsibilities of the Servicer delegated to it by
Comdata. If at any time the Agent shall designate as Servicer any Person other
than Comdata, all duties and responsibilities theretofore delegated by Comdata
to Seller may, at the discretion of the Agent, be terminated forthwith on notice
given by the Agent to Comdata and to Seller.

                  (c) Notwithstanding the foregoing subSection (b), (i) Comdata
shall be and remain primarily liable to the Agent and the Purchasers for the
full and prompt performance of all duties and responsibilities of the Servicer
hereunder and (ii) the Agent and the Purchasers shall be entitled to deal
exclusively with Comdata in matters relating to the discharge by the Servicer of
its duties and responsibilities hereunder. The Agent and the Purchasers shall
not be required to give notice, demand or other communication to any Person
other than Comdata in order for communication to the Servicer and its
sub-servicer or other delegate with respect thereto to be accomplished. Comdata,
at all times that it is the Servicer, shall be responsible for providing any
sub-servicer or other delegate of the Servicer with any notice given to the
Servicer under this Agreement.

         Section 8.2 Duties of Servicer. (a) The Servicer shall take or cause
to be taken all such actions as may be necessary or advisable to collect each
Receivable from time to time, all in accordance with applicable laws, rules and
regulations, with reasonable care and diligence, and in accordance with the
Credit and Collection Policy.

                  (b) The Servicer will instruct all Obligors to remit payments
in respect of their Receivables directly to (i) a Lock-Box or Collection Account
or (ii) the Servicer at its Chief Executive Office identified on Exhibit III
hereto. The Servicer shall effect a Collection Account Agreement substantially
in the form of Exhibit VI with each bank party to a Collection Account at any
time. The Servicer shall ensure that from and after September 24, 2002, no
Collections are remitted to the ACH Account. Upon receipt by Comdata of any
remittances constituting Collections or other proceeds of the Receivables or the
Related Security, the Servicer shall cause such amounts to be deposited into a
Collection Account promptly and in every case within two (2) Business Days of
such discovery. In the case of any remittances received in any Lock-Box or
Collection Account that shall have been identified, to the satisfaction of the
Servicer, to not constitute Collections or other proceeds of the Receivables or
the Related Security, the Servicer shall within one (1) Business Day following
discovery thereof, remit such items to the Person identified to it as being the
owner of such remittances. From and after the date the Agent delivers to any
Collection Bank a Collection Notice pursuant to Section 8.3, the Agent may
request that the Servicer, and the Servicer thereupon promptly shall instruct
all Obligors with respect to the Receivables, to remit all payments thereon to a
new depositary account specified by the Agent and, at all times thereafter,
Seller and the Servicer shall not deposit or otherwise

                                    Page 23
<PAGE>

credit, and shall not authorize any other Person to deposit or otherwise credit
to such new depositary account any cash or payment item other than Collections.

                  (c) The Servicer shall administer the Collections in
accordance with the procedures described herein and in Article II. The Servicer
shall set aside and hold in trust for the account of Seller and the Purchasers
their respective shares of the Collections in accordance with Article II. The
Servicer shall, upon the request of the Agent after the occurrence of an
Amortization Event or a Specified Potential Amortization Event, segregate, in a
manner acceptable to the Agent, all cash, checks and other instruments received
by it from time to time constituting Collections from the general funds of the
Servicer or Seller prior to the remittance thereof in accordance with Article
II. If the Servicer shall be required to segregate Collections pursuant to the
preceding sentence, the Servicer shall segregate and deposit with a bank
designated by the Agent such allocable share of Collections of Receivables set
aside for the Purchasers on the first Business Day following receipt by the
Servicer of such Collections, duly endorsed or with duly executed instruments of
transfer.

                  (d) The Servicer may, in accordance with the Credit and
Collection Policy, extend the maturity of any Receivable or adjust the
Outstanding Balance of any Receivable as the Servicer determines to be
appropriate to maximize Collections thereof; provided, however, that such
extension or adjustment shall not alter the status of such Receivable as a
Delinquent Receivable or Charged-Off Receivable or limit the rights of the Agent
or the Purchasers under this Agreement. Notwithstanding anything to the contrary
contained herein, the Agent shall have the absolute and unlimited right to
direct the Servicer to commence or settle any legal action with respect to any
Receivable or to foreclose upon or repossess any Related Security after the
occurrence of an Amortization Event or a Specified Potential Amortization Event.

                  (e) The Servicer shall hold in trust for Seller and the
Purchasers all Records that (i) evidence or relate to the Receivables, the
related Contracts and Related Security or (ii) are otherwise necessary or
desirable to collect the Receivables. The Servicer shall, as soon as
practicable, (A) prior to an Amortization Event or a Specified Potential
Amortization Event, upon the request of Agent, make available to the Agent all
Records, at the Servicer's offices or other locations where it maintains such
Records, and (B) after the occurrence of an Amortization Event or a Specified
Potential Amortization Event, upon demand of the Agent, make available or
deliver to the Agent all such Records, at a place selected by the Agent. The
Servicer shall, from time to time at the request of any Purchaser, furnish to
the Purchasers (promptly after any such request) a calculation of the amounts
set aside for the Purchasers pursuant to Article II.

                  (f) Subject to clause (b) hereof, any payment by an Obligor in
respect of any Indebtedness owed by it to Originator or Seller shall, except as
otherwise specified by such Obligor or as otherwise ascertained by the Servicer
within four (4) Business Days of receipt, or as otherwise required by contract
or law and unless otherwise instructed by the Agent, be applied as a Collection
of any Receivable of such Obligor (starting with the oldest such Receivable) to
the extent of any amounts then due and payable thereunder before being applied
to any other receivable or other obligation of such Obligor.

         Section 8.3 Collection Notices. The Agent is authorized at any time
after the occurrence of an Amortization Event or a Potential Amortization Event
to date and to deliver to

                                    Page 24
<PAGE>

the Collection Banks the Collection Notices. Seller hereby transfers to the
Agent for the benefit of the Purchasers, effective when the Agent delivers such
notice, the dominion and control and "control" (within the meaning of Section
9-104 of the UCC of all applicable jurisdictions) of each Lock-Box and the
Collection Accounts and the amounts deposited therein. In case any authorized
signatory of Seller whose signature appears on a Collection Account Agreement
shall cease to have such authority before the delivery of such notice, such
Collection Notice shall nevertheless be valid as if such authority had remained
in force. Seller hereby authorizes the Agent, and agrees that the Agent shall be
entitled to (i) endorse Seller's name on checks and other instruments
representing Collections, (ii) enforce the Receivables, the related Contracts
and the Related Security and (iii) take such action as shall be necessary or
desirable to cause all cash, checks and other instruments constituting
Collections of Receivables to come into the possession of the Agent rather than
Seller.

         Section 8.4 Responsibilities of Seller. Anything herein to the contrary
notwithstanding, the exercise by the Agent and the Purchasers of their rights
hereunder shall not release the Servicer, Originator or Seller from any of their
duties or obligations with respect to any Receivables or under the related
Contracts. The Purchasers shall have no obligation or liability with respect to
any Receivables or related Contracts, nor shall any of them be obligated to
perform the obligations of Seller.

         Section 8.5 Reports. The Servicer shall prepare and forward to the
Agent (i) on the 18th day of each month or, if such day is not a Business Day,
on the next succeeding Business Day and at such times as the Agent shall
request, a Settlement Report and (ii) at such times as the Agent shall request,
a listing by Obligor of all Receivables together with an aging of such
Receivables.

         Section 8.6 Servicing Fees. In consideration of Comdata's agreement to
act as Servicer hereunder, the Purchasers hereby agree that, so long as Comdata
shall continue to perform as Servicer hereunder, Seller shall pay over to
Comdata a fee (the "Servicing Fee") on the first calendar day of each month, in
arrears for the immediately preceding month, equal to 1.0% per annum of the
average aggregate Outstanding Balance of all Receivables during such period, as
compensation for its servicing activities.

                                   ARTICLE IX.
                               AMORTIZATION EVENTS

         Section 9.1 Amortization Events. The occurrence of any one or more of
the following events shall constitute an Amortization Event:

                  (a) Any Seller Party shall fail (i) to make any payment or
deposit required hereunder when due, or (ii) to perform or observe any term,
covenant or agreement hereunder (other than as referred to in clause (i) of this
paragraph (a) and paragraph 9.1(e)) or under any other Transaction Document and
such failure shall continue for five (5) consecutive Business Days.

                  (b) Any representation, warranty, certification or statement
made by any Seller Party in this Agreement, any other Transaction Document or in
any other document

                                    Page 25
<PAGE>

delivered pursuant hereto or thereto shall prove to have been incorrect when
made or deemed made.

                  (c) Failure of Seller to pay any Indebtedness when due or the
failure of any other Seller Party or Ceridian to pay Indebtedness when due; or
the default by any Seller Party or Ceridian in the performance of any term,
provision or condition contained in any agreement under which any such
Indebtedness was created or is governed, the effect of which is to cause, or to
permit the holder or holders of such Indebtedness to cause, such Indebtedness to
become due prior to its stated maturity; or any such Indebtedness of any Seller
Party or Ceridian shall be declared to be due and payable or required to be
prepaid (other than by a regularly scheduled payment) prior to the date of
maturity thereof.

                  (d) (i) Performance Guarantor, any Seller Party, or any of
their respective Subsidiaries shall generally not pay its debts as such debts
become due or shall admit in writing its inability to pay its debts generally or
shall make a general assignment for the benefit of creditors; or (ii) any
proceeding shall be instituted by or against Performance Guarantor, any Seller
Party, or any of their respective Subsidiaries seeking to adjudicate it bankrupt
or insolvent, or seeking liquidation, winding up, reorganization, arrangement,
adjustment, protection, relief or composition of it or its debts under any law
relating to bankruptcy, insolvency or reorganization or relief of debtors, or
seeking the entry of an order for relief or the appointment of a receiver,
trustee or other similar official for it or any substantial part of its property
or (iii) Performance Guarantor, any Seller Party or any of their respective
Subsidiaries shall take any corporate action to authorize any of the actions set
forth in clauses (i) or (ii) above in this subSection (d).

                  (e) Seller shall fail to comply with the terms of Section 2.6
hereof.

                  (f) (i) As at the end of any calendar month, the Collections
to Sales Ratio for such calendar month shall be less than 90%; or (ii) as at the
end of any calendar month ending after August, 2002, the average of the
Delinquency Ratios for the three most recently-ended calendar months shall
exceed the Delinquent Receivables Trigger Amount.

                  (g) A Change of Control shall occur.

                  (h) (i) One or more final judgments for the payment of money
shall be entered against Seller or (ii) one or more final judgments for the
payment of money in an amount in excess of $10,000,000, individually or in the
aggregate, shall be entered against the Servicer on claims not covered by
insurance or as to which the insurance carrier has denied its responsibility,
and such judgment shall continue unsatisfied and in effect for thirty (30)
consecutive days without a stay of execution.

                  (i) The "Termination Date" under and as defined in the
Receivables Sale Agreement shall occur under the Receivables Sale Agreement or
Originator shall for any reason cease to transfer, or cease to have the legal
capacity to transfer, or otherwise be incapable of transferring Receivables to
Seller under the Receivables Sale Agreement or Seller shall for any reason cease
to purchase, or cease to have the legal capacity to purchase, or otherwise be
incapable of accepting Receivables from Originator under the Receivables Sale
Agreement.

                                    Page 26
<PAGE>

                  (j) This Agreement shall terminate in whole or in part (except
in accordance with its terms), or shall cease to be effective or to be the
legally valid, binding and enforceable obligation of Seller, or any Obligor
shall directly or indirectly contest in any manner such effectiveness, validity,
binding nature or enforceability, or the Agent for the benefit of the Purchasers
shall cease to have a valid and perfected first priority security interest in
the Receivables, the Related Security and the Collections with respect thereto
and the Collection Accounts.

                  (k) Performance Guarantor shall fail to perform or observe any
term, covenant or agreement required to be performed by it under the Performance
Undertaking, or the Performance Undertaking shall cease to be effective or to be
the legally valid, binding and enforceable obligation of Performance Guarantor,
or Performance Guarantor shall directly or indirectly contest in any manner such
effectiveness, validity, binding nature or enforceability.

         Section 9.2 Remedies. Upon the occurrence and during the continuation
of an Amortization Event, the Agent may, or upon the direction of the Required
Financial Institutions shall, take any of the following actions: (i) replace the
Person then acting as Servicer, (ii) declare the Amortization Date to have
occurred, whereupon the Amortization Date shall forthwith occur, without demand,
protest or further notice of any kind, all of which are hereby expressly waived
by each Seller Party; provided, however, that upon the occurrence of an
Amortization Event described in Section 9.1(d)(ii), or of an actual or deemed
entry of an order for relief with respect to any Seller Party under the Federal
Bankruptcy Code, the Amortization Date shall automatically occur, without
demand, protest or any notice of any kind, all of which are hereby expressly
waived by each Seller Party, (iii) to the fullest extent permitted by applicable
law, declare that the Default Fee shall accrue with respect to any of the
Aggregate Unpaids outstanding at such time, (iv) deliver the Collection Notices
to the Collection Banks, and (v) notify Obligors of the Purchasers' interest in
the Receivables. The aforementioned rights and remedies shall be without
limitation, and shall be in addition to all other rights and remedies of the
Agent and the Purchasers otherwise available under any other provision of this
Agreement, by operation of law, at equity or otherwise, all of which are hereby
expressly preserved, including, without limitation, all rights and remedies
provided under the UCC, all of which rights shall be cumulative.

                                   ARTICLE X.
                                 INDEMNIFICATION

         Section 10.1 Indemnities by The Seller Parties. Without limiting any
other rights that the Agent or any Purchaser may have hereunder or under
applicable law, (A) Seller hereby agrees to indemnify (and pay upon demand to)
the Agent and each Purchaser and their respective assigns, officers, directors,
agents and employees (each an "Indemnified Party") from and against any and all
damages, losses, claims, taxes, liabilities, costs, expenses and for all other
amounts payable, including reasonable attorneys' fees (which attorneys may be
employees of the Agent or such Purchaser) and disbursements (all of the
foregoing being collectively referred to as "Indemnified Amounts") awarded
against or incurred by any of them arising out of or as a result of this
Agreement or the acquisition, either directly or indirectly, by a Purchaser of
an interest in the Receivables, and (B) the Servicer hereby agrees to indemnify
(and pay upon demand to) each Indemnified Party for Indemnified Amounts awarded
against or incurred by any of them arising

                                    Page 27

<PAGE>

out of the Servicer's activities as Servicer hereunder excluding, however, in
all of the foregoing instances under the preceding clauses (A) and (B):

                  (a) Indemnified Amounts to the extent a final judgment of a
court of competent jurisdiction holds that such Indemnified Amounts resulted
from gross negligence or willful misconduct on the part of the Indemnified Party
seeking indemnification;

                  (b) Indemnified Amounts to the extent the same includes losses
in respect of Receivables that are uncollectible on account of the insolvency,
bankruptcy or lack of creditworthiness of the related Obligor; or

                  (c) taxes imposed by the United States, the Indemnified
Party's jurisdiction of organization (or, in the case of an individual, primary
residence) or any other jurisdiction in which such Indemnified Party has
established a taxable nexus other than in connection with the transactions
contemplated hereby and by this Agreement, in any case on or measured by the
overall net income of such Indemnified Party to the extent that the computation
of such taxes is consistent with the Intended Characterization;

provided, however, that nothing contained in this sentence shall limit the
liability of any Seller Party or limit the recourse of the Purchasers to any
Seller Party for amounts otherwise specifically provided to be paid by such
Seller Party under the terms of this Agreement. Without limiting the generality
of the foregoing indemnification, Seller shall indemnify each Indemnified Party
for Indemnified Amounts (including, without limitation, losses in respect of
uncollectible receivables, regardless of whether reimbursement therefor would
constitute recourse to Seller or the Servicer) relating to or resulting from:

                           (i) any representation or warranty made by
         Performance Guarantor, any Seller Party or Originator (or any officers
         of any such Person) under or in connection with this Agreement, any
         other Transaction Document or any other information or report delivered
         by any such Person pursuant hereto or thereto, which shall have been
         false or incorrect when made or deemed made;

                           (ii) the failure by Seller, the Servicer or
         Originator to comply with any applicable law, rule or regulation with
         respect to any Receivable or contract related thereto, or the
         nonconformity of any Receivable or contract included therein with any
         such applicable law, rule or regulation or any failure of Originator to
         keep or perform any of its obligations, express or implied, with
         respect to any such contract;

                           (iii) any failure of Performance Guarantor, Seller,
         the Servicer or Originator to perform its duties, covenants or other
         obligations in accordance with the provisions of this Agreement or any
         other Transaction Document to which they are parties;

                           (iv) any products liability, personal injury or
         damage suit, or other similar claim arising out of or in connection
         with merchandise, insurance or services that are the subject of any
         contract related to any Receivable or any Receivable;

                                    Page 28

<PAGE>

                           (v) any dispute, claim, offset or defense (other than
         discharge in bankruptcy of the Obligor) of the Obligor to the payment
         of any Receivable (including, without limitation, a defense based on
         such Receivable or the related contract not being a legal, valid and
         binding obligation of such Obligor enforceable against it in accordance
         with its terms), or any other claim resulting from the sale of the
         merchandise or service related to such Receivable or the furnishing or
         failure to furnish such merchandise or services;

                           (vi) the commingling of Collections of Receivables at
         any time with other funds;

                           (vii) any investigation, litigation or proceeding
         related to or arising from this Agreement or any other Transaction
         Document, the transactions contemplated hereby, the use of the proceeds
         of an Incremental Purchase or a Reinvestment, the ownership of the
         Purchaser Interests or any other investigation, litigation or
         proceeding relating to Seller, the Servicer or Originator in which any
         Indemnified Party becomes involved as a result of any of the
         transactions contemplated hereby;

                           (viii) any inability to litigate any claim against
         any Obligor in respect of any Receivable as a result of such Obligor
         being immune from civil and commercial law and suit on the grounds of
         sovereignty or otherwise from any legal action, suit or proceeding;

                           (ix) any Amortization Event described in Section
         9.1(d);

                           (x) any failure of Seller to acquire and maintain
         legal and equitable title to, and ownership of any Receivable and the
         Related Security (whether or not such Related Security is covered by
         Article 9 of the UCC), Shared Security and Collections with respect
         thereto from Originator, free and clear of any Adverse Claim (other
         than as created hereunder); or any failure of Seller to give reasonably
         equivalent value to Originator under the Receivables Sale Agreement in
         consideration of the transfer by Originator of any Receivable, or any
         attempt by any Person to void such transfer under statutory provisions
         or common law or equitable action;

                           (xi) any failure to vest and maintain vested in the
         Agent for the benefit of the Purchasers, or to transfer to the Agent
         for the benefit of the Purchasers, legal and equitable title to, and
         ownership of, a first priority perfected undivided percentage ownership
         interest (to the extent of the Purchaser Interests contemplated
         hereunder) or security interest in the Receivables, the Related
         Security (whether or not such Related Security  is covered by Article 9
         of the UCC), Shared Security and the Collections, free and clear of any
         Adverse Claim (except as created by the Transaction Documents);

                           (xii) the failure to have filed, or any delay in
         filing, financing statements or other similar instruments or documents
         under the UCC of any applicable jurisdiction or other applicable laws
         with respect to any Receivable, the Related Security

                                    Page 29
<PAGE>
         (whether or not such Related Security is covered by Article 9 of the
         UCC), Shared Security and Collections with respect thereto, and the
         proceeds of any thereof, whether at the time of any Incremental
         Purchase or Reinvestment or at any subsequent time;

                           (xiii) any action or omission by any Seller Party
         which reduces or impairs the rights of the Agent or the Purchasers with
         respect to any Receivable or the value of any such Receivable;

                           (xiv) any attempt by any Person to void any
         Incremental Purchase or Reinvestment hereunder under statutory
         provisions or common law or equitable action; and

                           (xv) the failure of any Receivable included in the
         calculation of the Net Receivables Balance as an Eligible Receivable to
         be an Eligible Receivable at the time so included.

         Section 10.2      Increased Cost and Reduced Return.

                  If after the date hereof, any Funding Source shall be charged
any fee, expense or increased cost on account of the adoption of any applicable
law, rule or regulation (including any applicable law, rule or regulation
regarding capital adequacy) or any change therein, or any change in the
interpretation or administration thereof by any governmental authority, central
bank or comparable agency charged with the interpretation or administration
thereof, or compliance with any request or directive (whether or not having the
force of law) of any such authority, central bank or comparable agency (a
"Regulatory Change"): (i) that subjects any Funding Source to any charge or
withholding on or with respect to any Funding Agreement or a Funding Source's
obligations under a Funding Agreement, or on or with respect to the Receivables,
or changes the basis of taxation of payments to any Funding Source of any
amounts payable under any Funding Agreement (except for changes in the rate of
tax on the overall net income of a Funding Source or taxes excluded by Section
10.1) or (ii) that imposes, modifies or deems applicable any reserve,
assessment, insurance charge, special deposit or similar requirement against
assets of, deposits with or for the account of a Funding Source, or credit
extended by a Funding Source pursuant to a Funding Agreement or (iii) that
imposes any other condition the result of which is to increase the cost to a
Funding Source of performing its obligations under a Funding Agreement, or to
reduce the rate of return on a Funding Source's capital as a consequence of its
obligations under a Funding Agreement, or to reduce the amount of any sum
received or receivable by a Funding Source under a Funding Agreement or to
require any payment calculated by reference to the amount of interests or loans
held or interest received by it, then, upon demand by the Agent, Seller shall
pay to the Agent, for the benefit of the relevant Funding Source, such amounts
charged to such Funding Source or such amounts to otherwise compensate such
Funding Source for such increased cost or such reduction.

         Section 10.3 Other Costs and Expenses. Seller shall reimburse the Agent
and Company on demand for all invoiced and reasonable costs and out-of-pocket
expenses in connection with the preparation, execution, delivery and
administration of this Agreement, the transactions contemplated hereby and the
other documents to be delivered hereunder, including without limitation, the
cost of Company's auditors auditing the books, records and procedures of Seller,

                                    Page 30
<PAGE>

reasonable fees and out-of-pocket expenses of legal counsel for Company and the
Agent (which such counsel may be employees of Company or the Agent) with respect
thereto and with respect to advising Company and the Agent as to their
respective rights and remedies under this Agreement. Seller shall reimburse the
Agent on demand for any and all costs and expenses of the Agent and the
Purchasers, if any, including reasonable counsel fees and expenses in connection
with the enforcement of this Agreement and the other documents delivered
hereunder and in connection with any restructuring or workout of this Agreement
or such documents, or the administration of this Agreement following an
Amortization Event.

                                   ARTICLE XI.
                                    THE AGENT

         Section 11.1 Authorization and Action. Each Purchaser hereby designates
and appoints Bank One to act as its agent hereunder and under each other
Transaction Document, and authorizes the Agent to take such actions as agent on
its behalf and to exercise such powers as are delegated to the Agent by the
terms of this Agreement and the other Transaction Documents together with such
powers as are reasonably incidental thereto. The Agent shall not have any duties
or responsibilities, except those expressly set forth herein or in any other
Transaction Document, or any fiduciary relationship with any Purchaser, and no
implied covenants, functions, responsibilities, duties, obligations or
liabilities on the part of the Agent shall be read into this Agreement or any
other Transaction Document or otherwise exist for the Agent. In performing its
functions and duties hereunder and under the other Transaction Documents, the
Agent shall act solely as agent for the Purchasers and does not assume nor shall
be deemed to have assumed any obligation or relationship of trust or agency with
or for any Seller Party or any of such Seller Party's successors or assigns. The
Agent shall not be required to take any action that exposes the Agent to
personal liability or that is contrary to this Agreement, any other Transaction
Document or applicable law. The appointment and authority of the Agent hereunder
shall terminate upon the indefeasible payment in full of all Aggregate Unpaids.
Each Purchaser hereby authorizes the Agent to execute each of the Uniform
Commercial Code financing or continuation statements (and amendments thereto and
assignments or terminations thereof) on behalf of such Purchaser (the terms of
which shall be binding on such Purchaser).

         Section 11.2 Delegation of Duties. The Agent may execute any of its
duties under this Agreement and each other Transaction Document by or through
agents or attorneys-in-fact and shall be entitled to advice of counsel
concerning all matters pertaining to such duties. The Agent shall not be
responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care.

         Section 11.3 Exculpatory Provisions. Neither the Agent nor any of its
directors, officers, agents or employees shall be (i) liable for any action
lawfully taken or omitted to be taken by it or them under or in connection with
this Agreement or any other Transaction Document (except for its, their or such
Person's own gross negligence or willful misconduct), or (ii) responsible in any
manner to any of the Purchasers for any recitals, statements, representations or
warranties made by any Seller Party contained in this Agreement, any other
Transaction Document or any certificate, report, statement or other document
referred to or provided for in, or received under or in connection with, this
Agreement, or any other Transaction Document or for the value, validity,
effectiveness, genuineness, enforceability or

                                    Page 31
<PAGE>

sufficiency of this Agreement, or any other Transaction Document or any other
document furnished in connection herewith or therewith, or for any failure of
any Seller Party to perform its obligations hereunder or thereunder, or for the
satisfaction of any condition specified in Article VI, or for the perfection,
priority, condition, value or sufficiency of any collateral pledged in
connection herewith. The Agent shall not be under any obligation to any
Purchaser to ascertain or to inquire as to the observance or performance of any
of the agreements or covenants contained in, or conditions of, this Agreement or
any other Transaction Document, or to inspect the properties, books or records
of the Seller Parties. The Agent shall not be deemed to have knowledge of any
Amortization Event or Potential Amortization Event unless the Agent has received
notice from Seller or a Purchaser.

         Section 11.4 Reliance by Agent. The Agent shall in all cases be
entitled to rely, and shall be fully protected in relying, upon any document or
conversation believed by it to be genuine and correct and to have been signed,
sent or made by the proper Person or Persons and upon advice and statements of
legal counsel (including, without limitation, counsel to Seller), independent
accountants and other experts selected by the Agent. The Agent shall in all
cases be fully justified in failing or refusing to take any action under this
Agreement or any other Transaction Document unless it shall first receive such
advice or concurrence of Company or the Required Financial Institutions or all
of the Purchasers, as applicable, as it deems appropriate and it shall first be
indemnified to its satisfaction by the Purchasers, provided that unless and
until the Agent shall have received such advice, the Agent may take or refrain
from taking any action, as the Agent shall deem advisable and in the best
interests of the Purchasers. The Agent shall in all cases be fully protected in
acting, or in refraining from acting, in accordance with a request of Company or
the Required Financial Institutions or all of the Purchasers, as applicable, and
such request and any action taken or failure to act pursuant thereto shall be
binding upon all the Purchasers.

         Section 11.5 Non-Reliance on Agent and Other Purchasers. Each Purchaser
expressly acknowledges that neither the Agent, nor any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates has made any
representations or warranties to it and that no act by the Agent hereafter
taken, including, without limitation, any review of the affairs of any Seller
Party, shall be deemed to constitute any representation or warranty by the
Agent. Each Purchaser represents and warrants to the Agent that it has and will,
independently and without reliance upon the Agent or any other Purchaser and
based on such documents and information as it has deemed appropriate, made its
own appraisal of and investigation into the business, operations, property,
prospects, financial and other conditions and creditworthiness of Seller and
made its own decision to enter into this Agreement, the other Transaction
Documents and all other documents related hereto or thereto.

         Section 11.6 Reimbursement and Indemnification. The Financial
Institutions agree to reimburse and indemnify the Agent and its officers,
directors, employees, representatives and agents ratably according to their Pro
Rata Shares, to the extent not paid or reimbursed by the Seller Parties (i) for
any amounts for which the Agent, acting in its capacity as Agent, is entitled to
reimbursement by the Seller Parties hereunder and (ii) for any other expenses
incurred by the Agent, in its capacity as Agent and acting on behalf of the
Purchasers, in connection with the administration and enforcement of this
Agreement and the other Transaction Documents.

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<PAGE>

         Section 11.7 Agent in its Individual Capacity. The Agent and its
Affiliates may make loans to, accept deposits from and generally engage in any
kind of business with Seller or any Affiliate of Seller as though the Agent were
not the Agent hereunder. With respect to the acquisition of Purchaser Interests
pursuant to this Agreement, the Agent shall have the same rights and powers
under this Agreement in its individual capacity as any Purchaser and may
exercise the same as though it were not the Agent, and the terms "Financial
Institution," "Purchaser," "Financial Institutions" and "Purchasers" shall
include the Agent in its individual capacity.

         Section 11.8 Successor Agent. The Agent may, upon five days' notice to
Seller and the Purchasers, and the Agent will, upon the direction of all of the
Purchasers (other than the Agent, in its individual capacity) resign as Agent.
If the Agent shall resign, then the Required Financial Institutions during such
five-day period shall appoint from among the Purchasers a successor agent. If
for any reason no successor Agent is appointed by the Required Financial
Institutions during such five-day period, then effective upon the termination of
such five day period, the Purchasers shall perform all of the duties of the
Agent hereunder and under the other Transaction Documents and Seller and the
Servicer (as applicable) shall make all payments in respect of the Aggregate
Unpaids directly to the applicable Purchasers and for all purposes shall deal
directly with the Purchasers. After the effectiveness of any retiring Agent's
resignation hereunder as Agent, the retiring Agent shall be discharged from its
duties and obligations hereunder and under the other Transaction Documents and
the provisions of this Article XI and Article X shall continue in effect for its
benefit with respect to any actions taken or omitted to be taken by it while it
was Agent under this Agreement and under the other Transaction Documents.

                                  ARTICLE XII.
                           ASSIGNMENTS; PARTICIPATIONS

         Section 12.1 Assignments. (a)(a) Seller and each Financial Institution
hereby agree and consent to the complete or partial assignment by Company of all
or any portion of its rights under, interest in, title to and obligations under
this Agreement to the Financial Institutions pursuant to Section 13.1 or to any
other Person, and upon such assignment, Company shall be released from its
obligations so assigned. Further, Seller and each Financial Institution hereby
agree that any assignee of Company of this Agreement or all or any of the
Purchaser Interests of Company shall have all of the rights and benefits under
this Agreement as if the term "Company" explicitly referred to such party, and
no such assignment shall in any way impair the rights and benefits of Company
hereunder. Neither Seller nor the Servicer shall have the right to assign its
rights or obligations under this Agreement.

                  (b) Any Financial Institution may at any time and from time to
time assign to one or more Persons ("Purchasing Financial Institutions") all or
any part of its rights and obligations under this Agreement pursuant to an
assignment agreement, substantially in the form set forth in Exhibit VII hereto
(the "Assignment Agreement") executed by such Purchasing Financial Institution
and such selling Financial Institution. The consent of Company shall be required
prior to the effectiveness of any such assignment. Each assignee of a Financial
Institution must (i) have a short-term debt rating of A-1 or better by Standard
& Poor's Ratings Group and P-1 by Moody's Investor Service, Inc. and (ii) agree
to deliver to the Agent, promptly following any request therefor by the Agent or
Company, an enforceability opinion in form and

                                    Page 33
<PAGE>

substance satisfactory to the Agent and Company. Upon delivery of the executed
Assignment Agreement to the Agent, such selling Financial Institution shall be
released from its obligations hereunder to the extent of such assignment.
Thereafter the Purchasing Financial Institution shall for all purposes be a
Financial Institution party to this Agreement and shall have all the rights and
obligations of a Financial Institution under this Agreement to the same extent
as if it were an original party hereto and no further consent or action by
Seller, the Purchasers or the Agent shall be required.

                  (c) Each of the Financial Institutions agrees that in the
event that it shall cease to have a short-term debt rating of A-1 or better by
Standard & Poor's Ratings Group and P-1 by Moody's Investor Service, Inc. (an
"Affected Financial Institution"), such Affected Financial Institution shall be
obliged, at the request of Company or the Agent, to assign all of its rights and
obligations hereunder to (x) another Financial Institution or (y) another
funding entity nominated by the Agent and acceptable to Company, and willing to
participate in this Agreement through the Liquidity Termination Date in the
place of such Affected Financial Institution; provided that the Affected
Financial Institution receives payment in full, pursuant to an Assignment
Agreement, of an amount equal to such Financial Institution's Pro Rata Share of
the Aggregate Capital and Yield owing to the Financial Institutions and all
accrued but unpaid fees and other costs and expenses payable in respect of its
Pro Rata Share of the Purchaser Interests of the Financial Institutions.

         Section 12.2 Participations. Any Financial Institution may, in the
ordinary course of its business at any time sell to one or more Persons (each a
"Participant") participating interests in its Pro Rata Share of the Purchaser
Interests of the Financial Institutions, its obligation to pay Company its
Acquisition Amounts or any other interest of such Financial Institution
hereunder. Notwithstanding any such sale by a Financial Institution of a
participating interest to a Participant, such Financial Institution's rights and
obligations under this Agreement shall remain unchanged, such Financial
Institution shall remain solely responsible for the performance of its
obligations hereunder, and Seller, Company and the Agent shall continue to deal
solely and directly with such Financial Institution in connection with such
Financial Institution's rights and obligations under this Agreement. Each
Financial Institution agrees that any agreement between such Financial
Institution and any such Participant in respect of such participating interest
shall not restrict such Financial Institution's right to agree to any amendment,
supplement, waiver or modification to this Agreement, except for any amendment,
supplement, waiver or modification described in Section 14.1(b)(i).

                                  ARTICLE XIII.
                               LIQUIDITY FACILITY

         Section 13.1 Transfer to Financial Institutions. Each Financial
Institution hereby agrees, subject to Section 13.4, that immediately upon
written notice from Company delivered on or prior to the Liquidity Termination
Date, it shall acquire by assignment from Company, without recourse or warranty,
its Pro Rata Share of one or more of the Purchaser Interests of Company as
specified by Company. Each such assignment by Company shall be made pro rata
among all of the Financial Institutions, except for pro rata assignments to one
or more Terminating Financial Institutions pursuant to Section 13.6. Each such
Financial Institution shall, no later than 1:00 p.m. (Chicago time) on the date
of such assignment, pay in immediately

                                    Page 34
<PAGE>

available funds (unless another form of payment is otherwise agreed between
Company and any Financial Institution) to Company at an account designated by
Company, its Acquisition Amount. Unless a Financial Institution has notified the
Agent that it does not intend to pay its Acquisition Amount, the Agent may
assume that such payment has been made and may, but shall not be obligated to,
make the amount of such payment available to Company in reliance upon such
assumption. Company hereby sells and assigns to the Agent for the ratable
benefit of the Financial Institutions, and the Agent hereby purchases and
assumes from Company, effective upon the receipt by Company of the Company
Transfer Price, the Purchaser Interests of Company which are the subject of any
transfer pursuant to this Article XIII.

         Section 13.2 Transfer Price Reduction Yield. If the Adjusted Funded
Amount is included in the calculation of the Company Transfer Price for any
Purchaser Interest, each Financial Institution agrees that the Agent shall pay
to Company the Reduction Percentage of any Yield received by the Agent with
respect to such Purchaser Interest.

         Section 13.3 Payments to Company. In consideration for the reduction of
the Company Transfer Prices by the Company Transfer Price Reductions, effective
only at such time as the aggregate amount of the Capital of the Purchaser
Interests of the Financial Institutions equals the Company Residual, each
Financial Institution hereby agrees that the Agent shall not distribute to the
Financial Institutions and shall immediately remit to Company any Yield,
Collections or other payments received by it to be applied pursuant to the terms
hereof or otherwise to reduce the Capital of the Purchaser Interests of the
Financial Institutions.

         Section 13.4 Limitation on Commitment to Purchase from Company.
Notwithstanding anything to the contrary in this Agreement, no Financial
Institution shall have any obligation to purchase any Purchaser Interest from
Company, pursuant to Section 13.1 or otherwise, if:

                           (i) Company shall have voluntarily commenced any
         proceeding or filed any petition under any bankruptcy, insolvency or
         similar law seeking the dissolution, liquidation or reorganization of
         Company or taken any corporate action for the purpose of effectuating
         any of the foregoing; or

                           (ii) involuntary proceedings or an involuntary
         petition shall have been commenced or filed against Company by any
         Person under any bankruptcy, insolvency or similar law seeking the
         dissolution, liquidation or reorganization of Company and such
         proceeding or petition shall have not been dismissed.

         Section 13.5 Defaulting Financial Institutions. If one or more
Financial Institutions defaults in its obligation to pay its Acquisition Amount
pursuant to Section 13.1 (each such Financial Institution shall be called a
"Defaulting Financial Institution" and the aggregate amount of such defaulted
obligations being herein called the "Company Transfer Price Deficit"), then upon
notice from the Agent, each Financial Institution other than the Defaulting
Financial Institutions (a "Non-Defaulting Financial Institution") shall promptly
pay to the Agent, in immediately available funds, an amount equal to the lesser
of (x) such Non-Defaulting Financial Institution's proportionate share (based
upon the relative Commitments of the Non-Defaulting Financial Institutions) of
the Company Transfer Price Deficit and (y) the unused portion of such
Non-Defaulting Financial Institution's Commitment. A Defaulting Financial
Institution shall

                                    Page 35
<PAGE>

forthwith upon demand pay to Company for the account of the Non-Defaulting
Financial Institutions all amounts paid by each Non-Defaulting Financial
Institution on behalf of such Defaulting Financial Institution, together with
interest thereon, for each day from the date a payment was made by a
Non-Defaulting Financial Institution until the date such Non-Defaulting
Financial Institution has been paid such amounts in full, at a rate per annum
equal to the Federal Funds Effective Rate plus two percent (2%). In addition,
without prejudice to any other rights that Company may have under applicable
law, each Defaulting Financial Institution shall pay to Company forthwith upon
demand, the difference between such Defaulting Financial Institution's unpaid
Acquisition Amount and the amount paid with respect thereto by the
Non-Defaulting Financial Institutions, together with interest thereon, for each
day from the date of the Agent's request for such Defaulting Financial
Institution's Acquisition Amount pursuant to Section 13.1 until the date the
requisite amount is paid to Company in full, at a rate per annum equal to the
Federal Funds Effective Rate plus two percent (2%).

         Section 13.6 Terminating Financial Institutions.

                  (a) Each Financial Institution hereby agrees to deliver
written notice to the Agent not more than 30 Business Days and not less than 5
Business Days prior to the Liquidity Termination Date indicating whether such
Financial Institution intends to renew its Commitment hereunder. If any
Financial Institution fails to deliver such notice on or prior to the date that
is 5 Business Days prior to the Liquidity Termination Date, such Financial
Institution will be deemed to have declined to renew its Commitment (each
Financial Institution which has declined or has been deemed to have declined to
renew its Commitment hereunder, a "Non-Renewing Financial Institution"). The
Agent shall promptly notify Company of each Non-Renewing Financial Institution
and Company, in its sole discretion, may (A) to the extent of Commitment
Availability, declare that such Non-Renewing Financial Institution's Commitment
shall, to such extent, automatically terminate on a date specified by Company on
or before the Liquidity Termination Date or (B) upon one (1) Business Days'
notice to such Non-Renewing Financial Institution assign to such Non-Renewing
Financial Institution on a date specified by Company its Pro Rata Share of the
aggregate Purchaser Interests then held by Company, subject to, and in
accordance with, Section 13.1. In addition, Company may, in its sole discretion,
at any time (x) to the extent of Commitment Availability, declare that any
Affected Financial Institution's Commitment shall automatically terminate on a
date specified by Company or (y) assign to any Affected Financial Institution on
a date specified by Company its Pro Rata Share of the aggregate Purchaser
Interests then held by Company, subject to, and in accordance with, Section 13.1
(each Affected Financial Institution or each Non-Renewing Financial Institution
is hereinafter referred to as a "Terminating Financial Institution"). The
parties hereto expressly acknowledge that any declaration of the termination of
any Commitment, any assignment pursuant to this Section 13.6 and the order of
priority of any such termination or assignment among Terminating Financial
Institutions shall be made by Company in its sole and absolute discretion.

                  (b) Upon any assignment to a Terminating Financial Institution
as provided in this Section 13.6, any remaining Commitment of such Terminating
Financial Institution shall automatically terminate. Upon reduction to zero of
the Capital of all of the Purchaser Interests of a Terminating Financial
Institution (after application of Collections thereto pursuant to Sections 2.2
and 2.3) all rights and obligations of such Terminating Financial Institution

                                    Page 36
<PAGE>

hereunder shall be terminated and such Terminating Financial Institution shall
no longer be a "Financial Institution" hereunder; provided, however, that the
provisions of Article X shall continue in effect for its benefit with respect
to Purchaser Interests held by such Terminating Financial Institution prior to
its termination as a Financial Institution.

                                  ARTICLE XIV.
                                 MISCELLANEOUS

         Section 14.1 Waivers and Amendments. (a) (a) No failure or delay on the
part of the Agent or any Purchaser in exercising any power, right or remedy
under this Agreement shall operate as a waiver thereof, nor shall any single or
partial exercise of any such power, right or remedy preclude any other further
exercise thereof or the exercise of any other power, right or remedy. The rights
and remedies herein provided shall be cumulative and nonexclusive of any rights
or remedies provided by law. Any waiver of this Agreement shall be effective
only in the specific instance and for the specific purpose for which given.

                  (b) No provision of this Agreement may be amended,
supplemented, modified or waived except in writing in accordance with the
provisions of this Section 14.1(b). Company, Seller and the Agent, at the
direction of the Required Financial Institutions, may enter into written
modifications or waivers of any provisions of this Agreement, provided, however,
that no such modification or waiver shall:

                           (i) without the consent of each affected Purchaser,
         (A) extend the Liquidity Termination Date or the date of any payment or
         deposit of Collections by Seller or the Servicer, (B) reduce the rate
         or extend the time of payment of Yield or any CP Costs (or any
         component of Yield or CP Costs), (C) reduce any fee payable to the
         Agent for the benefit of the Purchasers, (D) except pursuant to Article
         XII hereof, change the amount of the Capital of any Purchaser, any
         Financial Institution's Pro Rata Share (except pursuant to Sections
         13.1 or 13.5) or any Financial Institution's Commitment, (E) amend,
         modify or waive any provision of the definition of Required Financial
         Institutions or this Section 14.1(b), (F) consent to or permit the
         assignment or transfer by Seller of any of its rights and obligations
         under this Agreement, (G) change the definition of "Eligible
         Receivable," "Loss Reserve," "Loss Percentage," "Dilution Reserve,"
         "Dilution Ratio," or "Discount Reserve" or (H) amend or modify any
         defined term (or any defined term used directly or indirectly in such
         defined term) used in clauses (A) through (G) above in a manner that
         would circumvent the intention of the restrictions set forth in such
         clauses; or

                           (ii) without the written consent of the then Agent,
         amend, modify or waive any provision of this Agreement if the effect
         thereof is to affect the rights or duties of such Agent.

Notwithstanding the foregoing, (i) without the consent of the Financial
Institutions, but with the consent of Seller, the Agent may amend this Agreement
solely to add additional Persons as Financial Institutions hereunder and (ii)
the Agent, the Required Financial Institutions and Company may enter into
amendments to modify any of the terms or provisions of Article XI, Article XII,
Section 14.13 or any other provision of this Agreement without the consent of
Seller,

                                    Page 37
<PAGE>

provided that such amendment has no negative impact upon Seller. Any
modification or waiver made in accordance with this Section 14.1 shall apply to
each of the Purchasers equally and shall be binding upon Seller, the Purchasers
and the Agent.

         Section 14.2 Notices. Except as provided in this Section 14.2, all
communications and notices provided for hereunder shall be in writing (including
bank wire, telecopy or electronic facsimile transmission or similar writing) and
shall be given to the other parties hereto at their respective addresses or
telecopy numbers set forth on the signature pages hereof or at such other
address or telecopy number as such Person may hereafter specify for the purpose
of notice to each of the other parties hereto. Each such notice or other
communication shall be effective (i) if given by telecopy, upon the receipt
thereof, (ii) if given by mail, three (3) Business Days after the time such
communication is deposited in the mail with first class postage prepaid or (iii)
if given by any other means, when received at the address specified in this
Section 14.2. Seller hereby authorizes the Agent to effect purchases and Tranche
Period and Discount Rate selections based on telephonic notices made by any
Person whom the Agent in good faith believes to be acting on behalf of Seller.
Seller agrees to deliver promptly to the Agent a written confirmation of each
telephonic notice signed by an authorized officer of Seller; provided, however,
the absence of such confirmation shall not affect the validity of such notice.
If the written confirmation differs from the action taken by the Agent, the
records of the Agent shall govern absent manifest error.

         Section 14.3 Ratable Payments. If any Purchaser, whether by setoff or
otherwise, has payment made to it with respect to any portion of the Aggregate
Unpaids owing to such Purchaser (other than payments received pursuant to
Section 10.2 or 10.3) in a greater proportion than that received by any other
Purchaser entitled to receive a ratable share of such Aggregate Unpaids, such
Purchaser agrees, promptly upon demand, to purchase for cash without recourse or
warranty a portion of such Aggregate Unpaids held by the other Purchasers so
that after such purchase each Purchaser will hold its ratable proportion of such
Aggregate Unpaids; provided that if all or any portion of such excess amount is
thereafter recovered from such Purchaser, such purchase shall be rescinded and
the purchase price restored to the extent of such recovery, but without
interest.

         Section 14.4 Protection of Ownership Interests of the Purchasers. (a)
(a) Seller agrees that from time to time, at its expense, it will promptly
execute and deliver all instruments and documents, and take all actions, that
may be necessary or desirable, or that the Agent may request, to perfect,
protect or more fully evidence the Purchaser Interests, or to enable the Agent
or the Purchasers to exercise and enforce their rights and remedies hereunder.
Without limiting the foregoing, Seller will, upon the request of the Agent, file
such financing or continuation statements, or amendments thereto or assignments
thereof, and execute and file such other instruments and documents, that may be
necessary or desirable, or that the Agent may reasonably request, to perfect,
protect or evidence such Purchaser Interests. At any time following the
occurrence of an Amortization Event, the Agent may, or the Agent may direct
Seller or the Servicer to, notify the Obligors of Receivables, at Seller's
expense, of the ownership or security interests of the Purchasers under this
Agreement and may also direct that payments of all amounts due or that become
due under any or all Receivables be made directly to the Agent or its designee.
Seller or the Servicer (as applicable) shall, at any Purchaser's request,
withhold the identity of such Purchaser in any such notification.

                                    Page 38
<PAGE>

                  (b) If any Seller Party fails to perform any of its
obligations hereunder, the Agent or any Purchaser may (but shall not be required
to) perform, or cause performance of, such obligations, and the Agent's or such
Purchaser's costs and expenses incurred in connection therewith shall be payable
by Seller as provided in Section 10.3. Each Seller Party irrevocably authorizes
the Agent at any time and from time to time in the sole discretion of the Agent,
and appoints the Agent as its attorney-in-fact, to act on behalf of such Seller
Party (i) to authorize on behalf of such Seller Party as debtor and to file
financing or continuation statements (and amendments thereto and assignments
thereof) necessary or desirable in the Agent's sole discretion to perfect and to
maintain the perfection and priority of the interest of the Purchasers in the
Receivables and (ii) to file a carbon, photographic or other reproduction of
this Agreement or any financing statement with respect to the Receivables as a
financing statement in such offices as the Agent in its sole discretion deems
necessary or desirable to perfect and to maintain the perfection and priority of
the interests of the Purchasers in the Receivables. This appointment is coupled
with an interest and is irrevocable. The authorization by each Seller Party set
forth in the second sentence of this Section 14.4(b) is intended to meet all
requirements for authorization by a debtor under Article 9 of any applicable
enactment of the UCC, including, without limitation, Section 9-509 thereof.

         Section 14.5 Confidentiality. (a) (a) Each Seller Party and each
Purchaser (other than Company and Bank One) shall maintain and shall cause each
of its employees and officers to maintain the confidentiality of this Agreement
and the other confidential or proprietary information with respect to the Agent
and Company and their respective businesses obtained by it or them in connection
with the structuring, negotiating and execution of the transactions contemplated
herein, except that such Seller Party and such Purchaser and its officers and
employees may disclose such information to such Seller Party's and such
Purchaser's external accountants and attorneys (provided that each such Person
is informed of the confidential nature of such information) and as required by
any applicable law, rule, regulation (including, without limitation, the federal
securities laws and regulations), direction, request or order of any judicial,
administrative or regulatory authority or proceedings (whether or not having the
force or effect of law).

                  (b) Anything herein to the contrary notwithstanding, each
Seller Party hereby consents to the disclosure of any nonpublic information with
respect to it (i) to the Agent, the Financial Institutions or Company by each
other, (ii) by the Agent or the Purchasers to any prospective or actual assignee
or participant of any of them and (iii) by the Agent to any rating agency,
Commercial Paper dealer or provider of a surety, guaranty or credit or liquidity
enhancement to Company or any entity organized for the purpose of purchasing, or
making loans secured by, financial assets for which Bank One acts as the
administrative agent and to any officers, directors, employees, outside
accountants and attorneys of any of the foregoing, provided each such Person is
informed of the confidential nature of such information. In addition, the
Purchasers and the Agent may disclose any such nonpublic information pursuant to
any law, rule, regulation, direction, request or order of any judicial,
administrative or regulatory authority or proceedings (whether or not having the
force or effect of law).

         Section 14.6 Bankruptcy Petition. Seller, the Servicer, the Agent and
each Financial Institution hereby covenants and agrees that, prior to the date
that is one year and one day after the payment in full of all outstanding senior
Indebtedness of Company, it will not institute

                                    Page 39
<PAGE>

against, or join any other Person in instituting against, Company or any such
entity any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings or other similar proceeding under the laws of the United States or
any state of the United States.

         Section 14.7 Limitation of Liability. (a) (a) Except with respect to
any claim arising out of the willful misconduct or gross negligence of Company,
the Agent or any Financial Institution, no claim may be made by any Seller Party
or any other Person against Company, the Agent or any Financial Institution or
their respective Affiliates, directors, officers, employees, attorneys or agents
for any special, indirect, consequential or punitive damages in respect of any
claim for breach of contract or any other theory of liability arising out of or
related to the transactions contemplated by this Agreement, or any act, omission
or event occurring in connection therewith; and each Seller Party hereby waives,
releases, and agrees not to sue upon any claim for any such damages, whether or
not accrued and whether or not known or suspected to exist in its favor.

                  (b) Without limiting the provisions of Article X hereof and
except with respect to any claim arising out of the willful misconduct or gross
negligence of any Seller Party, no claim may be made by Company, the Agent or
any Financial Institution or any other Person against any Seller Party or their
respective Affiliates, directors, officers, employees, attorneys or agents for
any special, indirect, consequential or punitive damages in respect of any claim
for breach of contract or any other theory of liability arising out of or
related to the transactions contemplated by this Agreement, or any act, omission
or event occurring in connection therewith; and Company, the Agent and each
Financial Institution hereby waives, releases, and agrees not to sue upon any
claim for any such damages, whether or not accrued and whether or not known or
suspected to exist in its favor.

         Section 14.8 CHOICE OF LAW. THIS AGREEMENT SHALL BE GOVERNED AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS.

         Section 14.9 CONSENT TO JURISDICTION. EACH SELLER PARTY HEREBY
IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES
FEDERAL OR ILLINOIS STATE COURT SITTING IN CHICAGO, ILLINOIS IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY DOCUMENT EXECUTED
BY SUCH PERSON PURSUANT TO THIS AGREEMENT AND EACH SELLER PARTY HEREBY
IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY
BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION
IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.
NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT OR ANY PURCHASER TO BRING
PROCEEDINGS AGAINST ANY SELLER PARTY IN THE COURTS OF ANY OTHER JURISDICTION.
ANY JUDICIAL PROCEEDING BY ANY SELLER PARTY AGAINST THE AGENT OR ANY PURCHASER
OR ANY AFFILIATE OF THE AGENT OR ANY PURCHASER INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH
THIS AGREEMENT OR ANY DOCUMENT

                                    Page 40
<PAGE>

EXECUTED BY SUCH SELLER PARTY PURSUANT TO THIS AGREEMENT SHALL BE BROUGHT ONLY
IN A COURT IN CHICAGO, ILLINOIS.

         Section 14.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES
TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY
MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT
OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY DOCUMENT EXECUTED BY ANY
SELLER PARTY PURSUANT TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED
HEREUNDER OR THEREUNDER.

         Section 14.11 Integration; Binding Effect; Survival of Terms.

                  (a) This Agreement and each other Transaction Document contain
the final and complete integration of all prior expressions by the parties
hereto with respect to the subject matter hereof and shall constitute the entire
agreement among the parties hereto with respect to the subject matter hereof
superseding all prior oral or written understandings.

                  (b) This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and permitted
assigns (including any trustee in bankruptcy). This Agreement shall create and
constitute the continuing obligations of the parties hereto in accordance with
its terms and shall remain in full force and effect until terminated in
accordance with its terms; provided, however, that the rights and remedies with
respect to (i) any breach of any representation and warranty made by any Seller
Party pursuant to Article V, (ii) the indemnification and payment provisions of
Article X, and Sections 14.5 and 14.6 shall be continuing and shall survive any
termination of this Agreement.

         Section 14.12 Counterparts; Severability; Section References. This
Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed
to be an original and all of which when taken together shall constitute one and
the same Agreement. Any provisions of this Agreement which are 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. Unless otherwise expressly indicated, all references herein
to "Article," "Section," "Schedule" or "Exhibit" shall mean articles and
sections of, and schedules and exhibits to, this Agreement.

         Section 14.13 Bank One Roles. Each of the Financial Institutions
acknowledges that Bank One acts, or may in the future act, (i) as administrative
agent for Company or any Financial Institution, (ii) as issuing and paying agent
for the Commercial Paper, (iii) to provide credit or liquidity enhancement for
the timely payment for the Commercial Paper and (iv) to provide other services
from time to time for Company or any Financial Institution (collectively, the
"Bank One Roles"). Without limiting the generality of this Section 14.13, each
Financial Institution hereby acknowledges and consents to any and all Bank One
Roles and agrees that in connection with any Bank One Role, Bank One may take,
or refrain from taking, any action that it, in its discretion, deems
appropriate, including, without limitation, in its role as administrative agent
for

                                    Page 41
<PAGE>

Company, and the giving of notice to the Agent of a mandatory purchase pursuant
to Section 13.1.

         Section 14.14 Characterization. (a) (a) It is the intention of the
parties hereto that each purchase hereunder shall constitute and be treated as
an absolute and irrevocable sale, which purchase shall provide the applicable
Purchaser with the full benefits of ownership of the applicable Purchaser
Interest. Except as specifically provided in this Agreement, each sale of a
Purchaser Interest hereunder is made without recourse to Seller; provided,
however, that (i) Seller shall be liable to each Purchaser and the Agent for all
representations, warranties, covenants and indemnities made by Seller pursuant
to the terms of this Agreement, and (ii) such sale does not constitute and is
not intended to result in an assumption by any Purchaser or the Agent or any
assignee thereof of any obligation of Seller or Originator or any other person
arising in connection with the Receivables, the Related Security, or the related
Contracts, or any other obligations of Seller or Originator.

                  (b) In addition to any ownership interest which the Agent may
from time to time acquire pursuant hereto, Seller hereby grants to the Agent for
the ratable benefit of the Purchasers a valid and perfected security interest in
all of Seller's right, title and interest in, to and under all Receivables now
existing or hereafter arising, the Collections, each Lock-Box, each Collection
Account, all Related Security, all other rights and payments relating to such
Receivables, and all proceeds of any thereof prior to all other liens on and
security interests therein to secure the prompt and complete payment of the
Aggregate Unpaids. The Agent and the Purchasers shall have, in addition to the
rights and remedies that they may have under this Agreement, all other rights
and remedies provided to a secured creditor under the UCC and other applicable
law, which rights and remedies shall be cumulative.

                            [SIGNATURE PAGES FOLLOW]

                                    Page 42
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed and delivered by their duly authorized officers as of
the date hereof.

                      COMDATA FUNDING CORPORATION

                      By:      /s/ David B. Kuhnau
                               -------------------------------------------------
                      Name:    David B. Kuhnau
                      Title:   Vice President and Assistant Treasurer
                      Address:          5301 Maryland Way, Suite 102
                                        Brentwood, TN 37027

                      COMDATA NETWORK, INC.

                      By:      /s/ Brett Rodewald
                               -------------------------------------------------
                      Name:    Brett Rodewald
                      Title:   Executive Vice President, Finance
                      Address:          5301 Maryland Way
                                        Brentwood, TN 37027

                      JUPITER SECURITIZATION CORPORATION

                      By:      /s/ Ronald J. Atkins
                               -------------------------------------------------
                      Name:    Ronald J. Atkins
                      Title:   Authorized Signer
                      Address:          c/o Bank One, NA (Main Office
                                        Chicago), as Agent
                                        Asset Backed Finance
                                        Suite IL1-0079, 1-19
                                        1 Bank One Plaza
                                        Chicago, Illinois  60670-0079
                      Fax:              (312) 732-1844

<PAGE>

                      BANK ONE, NA (MAIN OFFICE CHICAGO), as
                      a Financial Institution and as Agent
                      By:
                      Name: Ronald J. Atkins
                      Title: Director, Capital Markets
                      Address: Bank One, NA (Main Office Chicago)
                      Asset Backed Finance
                      Suite IL1-0596, 1-21
                      1 Bank One Plaza
                      Chicago, Illinois  60670-0596
                      Fax: (312) 732-4487

<PAGE>

                                    EXHIBIT I

                                   DEFINITIONS

                  As used in this Agreement, the following terms shall have the
following meanings (such meanings to be equally applicable to both the singular
and plural forms of the terms defined):

                  "Accrual Period" means each calendar month, provided that the
initial Accrual Period hereunder means the period from (and including) the date
of the initial purchase hereunder to (and including) the last day of the
calendar month thereafter.

                  "ACH Account" means the deposit account no. 1000846881
maintained at AmSouth Bank in Nashville, Tennessee in the name "Comdata Network,
Inc."

                  "Acquisition Amount" means, on the date of any purchase from
Company of one or more Purchaser Interests pursuant to Section 13.1, with
respect to each Financial Institution, the lesser of (i) such Financial
Institution's Pro Rata Share of the sum of (A) the lesser of (1) the Adjusted
Liquidity Price of each such Purchaser Interest and (2) the Capital of each such
Purchaser Interest and (B) all accrued and unpaid CP Costs for each such
Purchaser Interest and (ii) such Financial Institution's unused Commitment.

                  "Adjusted Funded Amount" means, in determining the Company
Transfer Price for any Purchaser Interest, an amount equal to the Adjusted
Liquidity Price of each such Purchaser Interest.

                  "Adjusted Liquidity Price" means an amount equal to:

                     PI [ DC + [       NDR       ] ]
                                     ------
                               1 + ( .50 X .10 )

where:

                  PI       =        the undivided percentage interest evidenced
                                    by such Purchaser Interest.

                  DC       =        the Deemed Collections.

                  NDR      =        the Outstanding Balance of all Receivables
                                    other than Receivables as to which any
                                    payment, or part thereof, remains unpaid for
                                    61 days or more from the original due date
                                    for such payment.

Each of the foregoing shall be determined from the most recent Settlement Report
received from the Servicer.

                                    Exh. I-1
<PAGE>

                  "Adverse Claim" means a lien, security interest, charge or
encumbrance, or other right or claim in, of or on any Person's assets or
properties in favor of any other Person.

                  "Affected Financial Institution" has the meaning specified in
Section 12.1(c).

                  "Affiliate" means, with respect to any Person, any other
Person directly or indirectly controlling, controlled by, or under direct or
indirect common control with, such Person or any Subsidiary of such Person. A
Person shall be deemed to control another Person if the controlling Person owns
10% or more of any class of voting securities of the controlled Person or
possesses, directly or indirectly, the power to direct or cause the direction of
the management or policies of the controlled Person, whether through ownership
of stock, by contract or otherwise.

                  "Agent" has the meaning set forth in the preamble to this
Agreement.

                  "Aggregate Capital" means, on any date of determination, the
aggregate amount of Capital of all Purchaser Interests outstanding on such date.

                  "Aggregate Reduction" has the meaning specified in Section
1.3.

                  "Aggregate Reserves" means, on any date of determination, the
sum of the Loss Reserve, the Dilution Reserve, and the Discount Reserve.

                  "Aggregate Unpaids" means, at any time, an amount equal to the
sum of all Aggregate Capital and all unpaid Obligations (whether due or accrued)
at such time.

                  "Agreement" means this Receivables Purchase Agreement, as it
may be amended or modified and in effect from time to time.

                  "Amortization Date" means the earliest to occur of (i) the day
on which any of the conditions precedent set forth in Section 6.2 are not
satisfied, (ii) the Business Day immediately prior to the occurrence of an
Amortization Event set forth in Section 9.1(d)(ii), (iii) the Business Day
specified in a written notice from the Agent following the occurrence of any
other Amortization Event and (iv) the date which is 30 Business Days after the
Agent's receipt of written notice from Seller that it wishes to terminate the
facility evidenced by this Agreement.

                  "Amortization Event" has the meaning specified in Article IX.

                  "Assignment Agreement" has the meaning set forth in Section
12.1(b).

                  "Authorization Payable Reserve Account" means the reserve
account related to "Express Check" undrafted codes authorized by any customer.

                  "Authorized Officer" means, with respect to any Person, its
president, corporate controller, treasurer or chief financial officer.

                  "Bank One" means Bank One, NA (Main Office Chicago) in its
individual capacity and its successors.

                                    Exh. I-2
<PAGE>

                  "Broken Funding Costs" means for any Purchaser Interest which:
(i) has its Capital reduced without compliance by Seller with the notice
requirements hereunder or (ii) does not become subject to an Aggregate Reduction
following the delivery of any Reduction Notice or (iii) is assigned under
Article XIII or terminated prior to the date on which it was originally
scheduled to end; an amount equal to the excess, if any, of (A) the CP Costs or
Yield (as applicable) that would have accrued during the remainder of the
Tranche Periods or the tranche periods for Commercial Paper determined by the
Agent to relate to such Purchaser Interest (as applicable) subsequent to the
date of such reduction, assignment or termination (or in respect of clause (ii)
above, the date such Aggregate Reduction was designated to occur pursuant to the
Reduction Notice) of the Capital of such Purchaser Interest if such reduction,
assignment or termination had not occurred or such Reduction Notice had not been
delivered, over (B) the sum of (x) to the extent all or a portion of such
Capital is allocated to another Purchaser Interest, the amount of CP Costs or
Yield actually accrued during the remainder of such period on such Capital for
the new Purchaser Interest, and (y) to the extent such Capital is not allocated
to another Purchaser Interest, the income, if any, actually received during the
remainder of such period by the holder of such Purchaser Interest from investing
the portion of such Capital not so allocated. In the event that the amount
referred to in clause (B) exceeds the amount referred to in clause (A), the
relevant Purchaser or Purchasers agree to pay to Seller the amount of such
excess. All Broken Funding Costs shall be due and payable hereunder upon demand.

                  "Business Day" means any day on which banks are not authorized
or required to close in New York, New York or Chicago, Illinois and The
Depository Trust Company of New York is open for business, and, if the
applicable Business Day relates to any computation or payment to be made with
respect to the LIBO Rate, any day on which dealings in dollar deposits are
carried on in the London interbank market.

                  "Capital" of any Purchaser Interest means, at any time, (A)
the Purchase Price of such Purchaser Interest, minus (B) the sum of the
aggregate amount of Collections and other payments received by the Agent which
in each case are applied to reduce such Capital in accordance with the terms and
conditions of this Agreement; provided that such Capital shall be restored (in
accordance with Section 2.5) in the amount of any Collections or other payments
so received and applied if at any time the distribution of such Collections or
payments are rescinded, returned or refunded for any reason.

                  "Capital Lease" means, as applied to any Person, any lease of
property by such Person as lessee that is classified as a capital lease under
GAAP.

                  "Ceridian" means Ceridian Corporation, formerly known as New
Ceridian Corporation, a Delaware corporation.

                  "Change of Control" means (i) any "person" or "group" (as such
terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, but excluding any employee benefit plan of Performance Guarantor or
Originator, or any Person acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan), becomes the "beneficial owner" (as
defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934,
except that a person shall be deemed to have "beneficial ownership" of all
securities that such person has the right to acquire (such rights, "option
rights"), whether such right is exercisable

                                    Exh. I-3
<PAGE>

immediately or only after the passage of time), directly or indirectly, of 30%
or more of the equity interests of Performance Guarantor or Originator on a
partially-diluted basis, taking into account equity interests realizable upon
the exercise of such person's or group's option rights or (ii) Originator shall
cease to own directly or indirectly 100% of the capital stock of Seller.

                  "Charged-Off Receivable" means a Receivable: (i) as to which
the Obligor thereof has taken any action, or suffered any event to occur, of the
type described in Section 9.1(d) (as if references to Seller Party therein refer
to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is
deceased, (iii) which, consistent with the Credit and Collection Policy, would
be written off Seller's books as uncollectible, (iv) which has been identified
by Seller as uncollectible or (v) which has been transferred to Company 4 by the
Servicer.

                  "Collection Account" means each concentration account,
depositary account, lock-box account or similar account in which any Collections
are collected or deposited and which is listed on Exhibit IV.

                  "Collection Account Agreement" means an agreement
substantially in the form of Exhibit VI (or such other form as approved by the
Agent) among Originator, Seller, the Agent and a Collection Bank.

                  "Collection Bank" means, at any time, any of the banks holding
one or more Collection Accounts.

                  "Collection Notice" means a notice, in substantially the form
of Annex A to Exhibit VI (or such other form as approved by the Agent), from the
Agent to a Collection Bank.

                  "Collections" means, with respect to any Receivable, all cash
collections and other cash proceeds in respect of such Receivable, including,
without limitation, all yield, Finance Charges or other related amounts accruing
in respect thereof and all cash proceeds of Related Security with respect to
such Receivable.

                  "Collections to Sales Ratio" means, for a calendar month, a
percentage equal to (a) the current month's Collections as at the end of such
calendar month divided by (b) the current month's sales as at the end of such
calendar month.

                  "Comdata" means Comdata Network, Inc., a Maryland corporation.

                  "Commercial Paper" means promissory notes of Company issued by
Company in the commercial paper market.

                  "Commitment" means, for each Financial Institution, the
commitment of such Financial Institution to purchase Purchaser Interests from
(i) Seller and (ii) Company, in an amount not to exceed (i) in the aggregate,
the amount set forth opposite such Financial Institution's name on Schedule A to
this Agreement, as such amount may be modified in accordance with the terms
hereof (including, without limitation, any termination of Commitments pursuant
to Section 13.6 hereof) and (ii) with respect to any individual purchase
hereunder, its Pro Rata Share of the Purchase Price therefor.

                                    Exh. I-4
<PAGE>

                  "Commitment Availability" means at any time the positive
difference (if any) between (a) an amount equal to the aggregate amount of the
Commitments minus an amount equal to 2% of such aggregate Commitments at such
time minus (b) the Aggregate Capital at such time.

                  "Company" has the meaning set forth in the preamble to this
Agreement.

                  "Company 4" means the receivables aging accounting
classification for Receivables that are collected by escalated collection
efforts as a result of aging or suspension of the customer account.

                  "Company Residual" means the sum of the Company Transfer Price
Reductions.

                  "Company Transfer Price" means, with respect to the assignment
by Company of one or more Purchaser Interests to the Agent for the benefit of
one or more of the Financial Institutions pursuant to Section 13.1, the sum of
(i) the lesser of (a) the Capital of each such Purchaser Interest and (b) the
Adjusted Funded Amount of each such Purchaser Interest and (ii) all accrued and
unpaid CP Costs for each such Purchaser Interest.

                  "Company Transfer Price Deficit" has the meaning set forth in
Section 13.5.

                  "Company Transfer Price Reduction" means in connection with
the assignment of a Purchaser Interest by Company to the Agent for the benefit
of the Financial Institutions, the positive difference (if any) between (i) the
Capital of such Purchaser Interest and (ii) the Adjusted Funded Amount for such
Purchaser Interest.

                  "Concentration Limit" means, at any time, for any Obligor,
3.33% of the aggregate Outstanding Balance of Eligible Receivables, or such
other amount (a "Special Concentration Limit") for such Obligor designated by
the Agent; provided, that in the case of an Obligor and any Affiliate of such
Obligor, the Concentration Limit shall be calculated as if such Obligor and such
Affiliate are one Obligor; and provided, further, that Company or the Required
Financial Institutions may, upon not less than three Business Days' notice to
Seller, cancel any Special Concentration Limit.

                  "Contingent Obligation" of a Person means any agreement,
undertaking or arrangement by which such Person assumes, guarantees, endorses,
contingently agrees to purchase or provide funds for the payment of, or
otherwise becomes or is contingently liable upon, the obligation or liability of
any other Person, or agrees to maintain the net worth or working capital or
other financial condition of any other Person, or otherwise assures any creditor
of such other Person against loss, including, without limitation, any comfort
letter, operating agreement, take-or-pay contract or application for a letter of
credit.

                  "Contract" means, with respect to any Receivable, any and all
invoices, statements of account balance or other writings (i) evidencing the
rights to receive payment of such Receivable (including the rights to receive
any finance charges, late fees or similar adjustments to such Receivable) or
(ii) necessary to enforce or collect the amounts owed pursuant to such
Receivable.

                                    Exh. I-5

<PAGE>

                  "Contractual Obligation" means, as to any Person, any
provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of
its property is bound.

                  "CP Costs" means, for each day, the sum of (i) discount or
yield accrued on Pooled Commercial Paper on such day, plus (ii) any and all
accrued commissions in respect of placement agents and Commercial Paper dealers,
and issuing and paying agent fees incurred, in respect of such Pooled Commercial
Paper for such day, plus (iii) other costs associated with funding small or
odd-lot amounts with respect to all receivable purchase facilities which are
funded by Pooled Commercial Paper for such day, minus (iv) any accrual of income
net of expenses received on such day from investment of collections received
under all receivable purchase facilities funded substantially with Pooled
Commercial Paper, minus (v) any payment received on such day net of expenses in
respect of Broken Funding Costs related to the prepayment of any Purchaser
Interest of Company pursuant to the terms of any receivable purchase facilities
funded substantially with Pooled Commercial Paper. In addition to the foregoing
costs, if Seller shall request any Incremental Purchase during any period of
time determined by the Agent in its sole discretion to result in incrementally
higher CP Costs applicable to such Incremental Purchase, the Capital associated
with any such Incremental Purchase shall, during such period, be deemed to be
funded by Company in a special pool (which may include capital associated with
other receivable purchase facilities) for purposes of determining such
additional CP Costs applicable only to such special pool and charged each day
during such period against such Capital.

                  "Credit and Collection Policy" means Seller's credit and
collection policies and practices relating to Receivables and related contracts
existing on the date hereof and attached hereto as Exhibit VIII hereto, as
modified from time to time in accordance with this Agreement.

                  "Deemed Collections" means the aggregate of all amounts Seller
shall have been deemed to have received as a Collection of a Receivable. Seller
shall be deemed to have received a Collection in full of a Receivable if at any
time (i) the Outstanding Balance of any such Receivable is either (x) reduced as
a result of any defective or rejected goods or services, any discount, rebate,
concession or any adjustment or otherwise by Seller (other than cash Collections
on account of the Receivables) or (y) reduced or canceled as a result of a
setoff in respect of any claim by any Person (whether such claim arises out of
the same or a related transaction or an unrelated transaction) or (ii) any of
the representations or warranties in Article V are no longer true with respect
to any Receivable.

                  "Default Fee" means with respect to any amount due and payable
by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of
(i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per
annum equal to 2% above the Prime Rate.

                  "Defaulting Financial Institution" has the meaning set forth
in Section 13.5.

                  "Defaulted Receivable" means a Receivable as to which any
payment, or part thereof, remains unpaid for 61 days or more, but less than 90
days from the original due date for such payment.

                                    Exh. I-6
<PAGE>

                  "Delinquency Ratio" means, at any time, a percentage equal to
(i) the aggregate Outstanding Balance of all Receivables that were Delinquent
Receivables at such time divided by (ii) the aggregate Outstanding Balance of
all Receivables at such time, calculated on a three month rolling average basis.

                  "Delinquent Receivable" means a Receivable as to which any
payment, or part thereof, remains unpaid for 31 days or more from the original
due date for such payment.

                  "Delinquent Receivables Trigger Amount" means, as of August
30, 2002, the greater of (i)150% of the average of the Delinquency Ratios for
the six most recently ended calendar months or (ii) 125% of the highest one of
the Delinquency Ratios for the six most recently ended calendar months.

                  "Designated Obligor" means an Obligor indicated by the Agent
to Seller in writing.

                  "Dilution Ratio" means, as at the last day of any calendar
month, a percentage equal to (i) the aggregate amount of Dilutions which
occurred during such calendar month, divided by (ii) the aggregate sales which
occurred during the calendar month ending immediately prior to such calendar
month.

                  "Dilution Reserve" means, on any date, an amount equal to the
result of multiplying the Net Receivables Balance by the greater of (a) 1.0% and
(b) the following:

                      (2 X ED + ((DS-ED) X (DS/ED))) X DHR

         where:

                  ED       =        the average of the Dilution Ratios for the
                                    twelve most recently-ended complete calendar
                                    months.

                  DS       =        the highest of the Dilution Ratios
                                    occurring during the twelve most
                                    recently-ended complete calendar months.

                  DHR      =        the result of dividing the aggregate
                                    amount of all sales by all Originators which
                                    have occurred during the two most
                                    recently-ended complete calendar months by
                                    the aggregate Outstanding Balance of all
                                    Eligible Receivables as of the most recently
                                    ended complete calendar month.

                  "Dilutions" means, at any time, the aggregate amount of
non-cash reductions or cancellations described in clause (i) of the definition
of "Deemed Collections" and any cash payments for the same.

                  "Discount Rate" means, the LIBO Rate or the Prime Rate, as
applicable, with respect to each Purchaser Interest of the Financial
Institutions.

                                    Exh. I-7
<PAGE>

                  "Discount Reserve" means, at any time, the Net Receivables
Balance multiplied by 2%.

                  "Eligible Receivable" means, at any time, a Receivable:

                  (i) the Obligor of which (a) if a natural person, is a
resident of the United States or, if a corporation or other business
organization, is organized under the laws of the United States or any political
subdivision thereof and has its chief executive office in the United States; (b)
is not an Affiliate of any of the parties hereto; (c) is not a Designated
Obligor; and (d) is not a government or a governmental subdivision or agency,

                  (ii) the Obligor of which is not the Obligor of any
Charged-Off Receivable,

                  (iii) which is not a Charged-Off Receivable or a Delinquent
Receivable,

                  (iv) which (a) by its terms is due and payable within 38 days
of the original billing date therefor and has not had its payment terms extended
or (b) by its terms is due and payable more than 38 but less than or equal to 68
days of the original billing date therefor and has not had its payment terms
extended and the Outstanding Balance of which, when combined with all other
Eligible Receivables that are due and payable more than 38 but less than or
equal to 68 days of the original billing date therefor, does not exceed an
amount equal to 1% of the Outstanding Balance of all Receivables,

                  (v) which is an "account" within the meaning of Article 9 of
the UCC of all applicable jurisdictions,

                  (vi) which is denominated and payable only in United States
dollars in the United States,

                  (vii) which arises under a contract in substantially the form
of one of the form contracts set forth on Exhibit IX hereto, in a form
originally submitted to Comdata by the customer thereunder or in a form
otherwise approved by the Agent in writing, which, together with such
Receivable, is in full force and effect and constitutes the legal, valid and
binding obligation of the related Obligor enforceable against such Obligor in
accordance with its terms subject to no offset, counterclaim or other defense,

                  (viii)   [Intentionally Omitted]

                  (ix) which arises under a contract that contains an obligation
to pay a specified sum of money, contingent only upon the sale of goods or the
provision of services by Originator,

                  (x) which, together with the contract related thereto, does
not contravene any law, rule or regulation applicable thereto (including,
without limitation, any law, rule and regulation relating to truth in lending,
fair credit billing, fair credit reporting, equal credit opportunity, fair debt
collection practices and privacy) and with respect to which no part of the
contract related thereto is in violation of any such law, rule or regulation,

                                    Ehx. I-8
<PAGE>

                  (xi) which satisfies all applicable requirements of the Credit
and Collection Policy,

                  (xii) which was generated in the ordinary course of
Originator's business,

                  (xiii) which arises solely from the sale of goods or the
provision of services to the related Obligor by Originator, and not by any other
Person (in whole or in part),

                  (xiv) as to which the Agent has not notified Seller that the
Agent has determined that such Receivable or class of Receivables is not
acceptable as an Eligible Receivable, including, without limitation, because
such Receivable arises under a contract that is not acceptable to the Agent,

                  (xv) which is not subject to any right of rescission, set-off,
counterclaim, any other defense (including defenses arising out of violations of
usury laws) of the applicable Obligor against Originator or any other Adverse
Claim, and the Obligor thereon holds no right as against Originator to cause
Originator to repurchase the goods or merchandise the sale of which shall have
given rise to such Receivable (except with respect to sale discounts effected
pursuant to the Contract, or defective goods returned in accordance with the
terms of the Contract),

                  (xvi) as to which Originator has satisfied and fully performed
all obligations on its part with respect to such Receivable required to be
fulfilled by it, and no further action is required to be performed by any Person
with respect thereto other than payment thereon by the applicable Obligor,

                  (xvii) all right, title and interest to and in which has been
validly transferred by Originator directly to Seller under and in accordance
with the Receivables Sale Agreement, and Seller has good and marketable title
thereto free and clear of any Adverse Claim, and

                  (xviii) the Obligor of which is not the Obligor of Defaulted
Receivables the aggregate Outstanding Balance of which constitutes more than 25%
of the aggregate Outstanding Balance of all Receivables of such Obligor.

                  "ERISA" means the Employee Retirement Income Security Act of
1974, as amended from time to time.

                  "Facility Account" means Seller's Account No. 1132307 at Bank
One.

                  "Facility Termination Date" means the earliest of (i) June 24,
2005, (ii) the Liquidity Termination Date and (iii) the Amortization Date.

                  "Federal Bankruptcy Code" means Title 11 of the United States
Code entitled "Bankruptcy," as amended and any successor statute thereto.

                  "Federal Funds Effective Rate" means, for any period, a
fluctuating interest rate per annum for each day during such period equal to (a)
the weighted average of the rates on overnight federal funds transactions with
members of the Federal Reserve System arranged by federal funds brokers, as
published for such day (or, if such day is not a Business Day, for the

                                    Exh. I-9
<PAGE>

preceding Business Day) by the Federal Reserve Bank of New York in the Composite
Closing Quotations for U.S. Government Securities; or (b) if such rate is not so
published for any day which is a Business Day, the average of the quotations at
approximately 10:30 a.m. (Chicago time) for such day on such transactions
received by the Agent from three federal funds brokers of recognized standing
selected by it.

                  "Fee Letter" means that certain letter agreement dated as of
the date hereof between Seller and the Agent, as it may be amended or modified
and in effect from time to time.

                  "Finance Charges" means, with respect to a Contract, any
finance, interest, late payment charges or similar charges owing by an Obligor
pursuant to such Contract.

                  "Financial Institutions" has the meaning set forth in the
preamble in this Agreement.

                  "Funding Agreement" means this Agreement and any agreement or
instrument executed by any Funding Source with or for the benefit of Company.

                  "Funding Source" means (i) any Financial Institution or (ii)
any insurance company, bank or other funding entity providing liquidity, credit
enhancement or back-up purchase support or facilities to Company.

                  "GAAP" means generally accepted accounting principles in
effect in the United States of America as of the date of this Agreement.

                  "Governmental Authority" means any nation or government, any
state or other political subdivision thereof, any agency, authority,
instrumentality, regulatory body, court, administrative tribunal, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government, and any
corporation or other entity owned or controlled, through stock or capital
ownership or otherwise, by any of the foregoing.

                  "Incremental Purchase" means a purchase of one or more
Purchaser Interests which increases the total outstanding Aggregate Capital
hereunder.

                  "Indebtedness" of a Person means such Person's (i) obligations
for borrowed money, (ii) obligations representing the deferred purchase price of
property or services (other than accounts payable arising in the ordinary course
of such Person's business payable on terms customary in the trade), (iii)
obligations, whether or not assumed, secured by liens or payable out of the
proceeds or production from property now or hereafter owned or acquired by such
Person, (iv) obligations which are evidenced by notes, acceptances, or other
instruments, (v) capitalized lease obligations, (vi) net liabilities under
interest rate swap, exchange or cap agreements, (vii) Contingent Obligations and
(viii) liabilities in respect of unfunded vested benefits under plans covered by
Title IV of ERISA.

                  "Independent Director" shall mean a member of the Board of
Directors of Seller who is not at such time, and has not been at any time during
the preceding five (5) years, (A) a director, officer, employee or affiliate of
Seller, Originator, or any of their respective

                                   Exh. I-10
<PAGE>

Subsidiaries or Affiliates, or (B) the beneficial owner (at the time of such
individual's appointment as an Independent Director or at any time thereafter
while serving as an Independent Director) of any of the outstanding common
shares of Seller, Originator, or any of their respective Subsidiaries or
Affiliates, having general voting rights.

                  "Intended Characterization" means, for income tax purposes,
the characterization of the acquisition by the Purchasers of Purchaser Interests
under this Agreement as a loan or loans by the Purchasers to the Seller secured
by the Receivables, the Related Security, the Collection Accounts and the
Collections.

                  "Laws" means, collectively, all international, foreign,
Federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities,
including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests,
licenses, authorizations and permits of, and agreements with, any Governmental
Authority, in each case whether or not having the force of law.

                  "LIBO Rate" means the rate per annum equal to the sum of (i)
(a) the applicable British Bankers' Association Interest Settlement Rate for
deposits in U.S. dollars appearing on Reuters Screen LIBOROI as of 11:00 a.m.
(London time) two Business Days prior to the first day of the relevant Tranche
Period, and having a maturity equal to such Tranche Period, provided that, (i)
if Reuters Screen LIBOROI is not available to the Agent for any reason, the
applicable LIBO Rate for the relevant Tranche Period shall instead be the
applicable British Bankers' Association Interest Settlement Rate for deposits in
U.S. dollars as reported by any other generally recognized financial information
service as of 11:00 a.m. (London time) two Business Days prior to the first day
of such Tranche Period, and having a maturity equal to such Tranche Period, and
(ii) if no such British Bankers' Association Interest Settlement Rate is
available to the Agent, the applicable LIBO Rate for the relevant Tranche Period
shall instead be the rate determined by the Agent to be the rate at which Bank
One offers to place deposits in U.S. dollars with first-class banks in the
London interbank market at approximately 11:00 a.m. (London time) two Business
Days prior to the first day of such Tranche Period, in the approximate amount to
be funded at the LIBO Rate and having a maturity equal to such Tranche Period,
divided by (b) one minus the maximum aggregate reserve requirement (including
all basic, supplemental, marginal or other reserves) which is imposed against
the Agent in respect of Eurocurrency liabilities, as defined in Regulation D of
the Board of Governors of the Federal Reserve System as in effect from time to
time (expressed as a decimal), applicable to such Tranche Period plus (ii) 1.5%
per annum. The LIBO Rate shall be rounded, if necessary, to the next higher 1/16
of 1%.

                  "Lien" means any mortgage, pledge, hypothecation, assignment,
deposit arrangement, encumbrance, lien (statutory or other), charge, or
preference, priority or other security interest or preferential arrangement of
any kind or nature whatsoever (including any conditional sale or other title
retention agreement, any financing lease having substantially the same economic
effect as any of the foregoing, and the filing of any financing statement under
the Uniform Commercial Code or comparable Laws of any jurisdiction), including
the interest of a purchaser of accounts receivable, but excluding the interest
of a lessor under an Operating Lease.

                                   Exh. I-11

<PAGE>

                  "Liquidity Termination Date" means June 23, 2003.

                  "Lock-Box" means each locked postal box with respect to which
a bank who has executed a Collection Account Agreement has been granted
exclusive access for the purpose of retrieving and processing payments made on
the Receivables and which is listed on Exhibit IV.

                  "Loss Percentage" means, for any Purchaser Interest on any
date, an amount equal to the greater of: (i) 2 times the Loss Ratio multiplied
by the Loss Horizon Ratio and (ii) 10%,

         where:

         Loss Ratio            =    As at the last day of any calendar month,
                                    the highest three month rolling average
                                    Default Ratio in the most recent twelve
                                    months.

         Default Ratio         =    As at the last day of any calendar month,
                                    (x) the Outstanding Balance of all
                                    Charged-Off Receivables plus Defaulted
                                    Receivables as of such day , divided by (y)
                                    the aggregate sales for the calendar month
                                    occurring three months immediately prior to
                                    such month.

         Loss Horizon Ratio    =    As at the last day of any calendar month,
                                    (x) the sum of the aggregate amount of
                                    sales of the Originator for such calendar
                                    month plus the aggregate amount of all sales
                                    of the Originator for the month ended
                                    immediately prior to such month, divided by
                                    (y) the aggregate Outstanding Balance of all
                                    Eligible Receivables as of such day.

                  "Loss Reserve" means, on any date, an amount equal to the Loss
Percentage multiplied by the Net Receivables Balance as of the close of business
of the Servicer on such date.

                  "Material Adverse Effect" means a material adverse effect on
(i) the financial condition or operations of any Seller Party and its
Subsidiaries, (ii) the ability of any Seller Party to perform its obligations
under this Agreement or the Performance Guarantor to perform its obligations
under the Performance Undertaking, (iii) the legality, validity or
enforceability of this Agreement or any other Transaction Document, (iv) any
Purchaser's interest in the Receivables generally or in any significant portion
of the Receivables, the Related Security or the Collections with respect
thereto, or (v) the collectibility of the Receivables generally or of any
material portion of the Receivables.

                  "Net Receivables Balance" means, at any time, the aggregate
Outstanding Balance of all Eligible Receivables at such time, reduced by (i) the
aggregate amount by which the Outstanding Balance of all Eligible Receivables of
each Obligor and its Affiliates exceeds the Concentration Limit for such
Obligor, (ii) the aggregate amount of deposits by Obligors which are designated
as security deposits, (iii) the amounts on deposit in the Authorization Payable
Reserve Account and (iv) the aggregate amount by which the then aggregate
Outstanding

                                   Exh. I-12
<PAGE>

Balance of all Eligible Receivables that are Unbilled Receivables exceeds 10% of
the aggregate Outstanding Balance of all Eligible Receivables.

                  "Non-Defaulting Financial Institution" has the meaning set
forth in Section 13.5.

                  "Non-Renewing Financial Institution" has the meaning set forth
in Section 13.6(a).

                  "Obligations" shall have the meaning set forth in Section 2.1.

                  "Obligor" means a Person obligated to make payments pursuant
to a Contract.

                  "Operating Lease" means, as applied to any Person, any lease
of property which is not a Capital Lease.

                  "Originator" means Comdata, in its capacity as seller under
the Receivables Sale Agreement.

                  "Outstanding Balance" of any Receivable at any time means the
then outstanding principal balance thereof.

                  "Participant" has the meaning set forth in Section 12.2.

                  "Performance Guarantor" means Ceridian.

                  "Performance Undertaking" means that certain Performance
Undertaking, dated as of June 24, 2002, by Performance Guarantor in favor of
Seller, substantially in the form of Exhibit XI, as the same may be amended,
restated or otherwise modified from time to time.

                  "Person" means an individual, partnership, corporation
(including a business trust), limited liability company, joint stock company,
trust, unincorporated association, joint venture or other entity, or a
government or any political subdivision or agency thereof.

                  "Pooled Commercial Paper" means Commercial Paper notes of
Company subject to any particular pooling arrangement by Company, but excluding
Commercial Paper issued by Company for a tenor and in an amount specifically
requested by any Person in connection with any agreement effected by Company.

                  "Potential Amortization Event" means an event which, with the
passage of time or the giving of notice, or both, would constitute an
Amortization Event.

                  "Prime Rate" means a rate per annum equal to the prime rate of
interest announced from time to time by Bank One or its parent (which is not
necessarily the lowest rate charged to any customer), changing when and as said
prime rate changes.

                  "Proposed Reduction Date" has the meaning set forth in Section
1.3.

                  "Pro Rata Share" means, for each Financial Institution, a
percentage equal to (i) the Commitment of such Financial Institution, divided by
(ii) the aggregate amount of all

                                   Exh. I-13

<PAGE>

Commitments of all Financial Institutions hereunder, adjusted as necessary to
give effect to the application of the terms of Sections 13.5 or 13.6.

                  "Purchase Limit" means $150,000,000.

                  "Purchase Notice" has the meaning set forth in Section 1.2.

                  "Purchase Price" means, with respect to any Incremental
Purchase of a Purchaser Interest, the amount paid to Seller for such Purchaser
Interest which shall not exceed the least of (i)the amount requested by Seller
in the applicable Purchase Notice, (ii)the unused portion of the Purchase Limit
on the applicable purchase date and (iii)the excess, if any, of the Net
Receivables Balance (less the Aggregate Reserves) on the applicable purchase
date over the aggregate outstanding amount of Aggregate Capital determined as of
the date of the most recent Settlement Report, taking into account such proposed
Incremental Purchase.

                  "Purchasers" means Company and each Financial Institution.

                  "Purchaser Interest" means, at any time, an undivided
percentage ownership interest (computed as set forth below) associated with a
designated amount of Capital, selected pursuant to the terms and conditions
hereof in (i) each Receivable arising prior to the time of the most recent
computation or recomputation of such undivided interest, (ii) all Related
Security with respect to each such Receivable, and (iii) all Collections with
respect to, and other proceeds of, each such Receivable. Each such undivided
percentage interest shall equal:

                                        C
                            -----------------------
                                    NRB -- AR

         where:

                  C        =        the Capital of such Purchaser Interest.

                  AR       =        the Aggregate Reserves.

                  NRB      =        the Net Receivables Balance.

Such undivided percentage ownership interest shall be initially computed on its
date of purchase. Thereafter, until the Amortization Date, each Purchaser
Interest shall be automatically recomputed (or deemed to be recomputed) on each
day prior to the Amortization Date. The variable percentage represented by any
Purchaser Interest as computed (or deemed recomputed) as of the close of the
business day immediately preceding the Amortization Date shall remain constant
at all times thereafter.

                  "Purchasing Financial Institution" has the meaning set forth
in Section 12.1(b).

                  "Receivable" means all indebtedness and other obligations
arising in connection with the sale of goods or the rendering of services by
Originator and which are owed to Seller or Originator (at the time it arises,
and before giving effect to any transfer or conveyance under the Receivables
Sale Agreement or hereunder), or in which Seller or Originator has a security

                                   Exh. I-14

<PAGE>

interest or other interest, and are identified in the GEAC Accounting System as
having an account code beginning with "01000000000" followed by a two-alpha,
three numeric identification system (such account code identifying the
indebtedness or other obligation as belonging to the "Company 1" accounting
classification), including, without limitation, any such indebtedness,
obligation or interest constituting an account, chattel paper, instrument or
general intangible, whether billed or unbilled, and further includes, without
limitation, the obligation to pay any Finance Charges with respect thereto.
Indebtedness and other rights and obligations arising from any one transaction,
including, without limitation, indebtedness and other rights and obligations
represented by an individual invoice, shall constitute a Receivable separate
from a Receivable consisting of the indebtedness and other rights and
obligations arising from any other transaction; provided further, that any
indebtedness, rights or obligations referred to in the immediately preceding
sentence shall be a Receivable regardless of whether the account debtor or
Seller treats such indebtedness, rights or obligations as a separate payment
obligation.

                  "Receivables Sale Agreement" means that certain Receivables
Sale Agreement, dated as of June 24, 2002, between Originator and Seller, as the
same may be amended, restated or otherwise modified from time to time.

                  "Records" means, with respect to any Receivable, all Contracts
and all other documents, books, records and other information (including,
without limitation, computer programs, tapes, disks, punch cards, data
processing software and related property and rights) relating to the rights to
payment or enforcement of such Receivable, any Related Security therefor and the
related Obligor.

                  "Reduction Notice" has the meaning set forth in Section 1.3.

                  "Reduction Percentage" means, for any Purchaser Interest
acquired by the Financial Institutions from Company for less than the Capital of
such Purchaser Interest, a percentage equal to a fraction the numerator of which
is the Company Transfer Price Reduction for such Purchaser Interest and the
denominator of which is the Capital of such Purchaser Interest.

                  "Regulatory Change" has the meaning set forth in Section
10.2(a).

                  "Reinvestment" has the meaning set forth in Section 2.2.

                  "Related Security" means, with respect to any Receivable:

                           (i) all of Seller's interest in the inventory and
         goods (including returned or repossessed inventory or goods), if any,
         the sale, financing or lease of which by Seller gave rise to such
         Receivable, and all insurance contracts with respect thereto,

                           (ii) all other security interests or liens and
         property subject thereto from time to time, if any, purporting to
         secure payment of such Receivable, whether pursuant to the Contract
         related to such Receivable or otherwise, together with all financing
         statements and security agreements describing any collateral securing
         such Receivable,

                                   Exh. I-15

<PAGE>

                           (iii) all guaranties, letters of credit, insurance,
         supporting obligations and other agreements or arrangements of whatever
         character from time to time supporting or securing payment of such
         Receivable whether pursuant to the Contract related to such Receivable
         or otherwise,

                           (iv) all service contracts and other contracts and
         agreements associated with such Receivable (excluding, however, any
         such contract or agreement to the extent that it is not related to the
         enforcement or collection of such Receivable or any other Related
         Security),

                           (v)      all Records related to such Receivable,

                           (vi) all of Seller's right, title and interest in, to
         and under the Receivables Sale Agreement in respect of such Receivable
         and all of Seller's right, title and interest in, to and under the
         Performance Undertaking,

                           (vii) all of Seller's right, title and interest in
         and to each Lock-Box and Collection Account, and

                           (viii) all proceeds of any of the foregoing;

                  excluding, however, in each of the foregoing cases, any Shared
Security.

                  "Required Financial Institutions" means, at any time,
Financial Institutions with Commitments in excess of 66-2/3% of the Purchase
Limit.

                  "Required Notice Period" means the number of days required
notice set forth below applicable to the Aggregate Reduction indicated below:

<TABLE>
<CAPTION>

                  Aggregate Reduction                   Required Notice Period
<S>                                                     <C>
                  *$100,000,000                         two Business Days
                  $100,000,000 to $250,000,000          five Business Days
                  >$250,000,000                         ten Business Days
</TABLE>

                  "Restricted Junior Payment" means (i) any dividend or other
distribution, direct or indirect, on account of any shares of any class of
capital stock of Seller now or hereafter outstanding, except a dividend payable
solely in shares of that class of stock or in any junior class of stock of
Seller, (ii) any redemption, retirement, sinking fund or similar payment,
purchase or other acquisition for value, direct or indirect, of any shares of
any class of capital stock of Seller now or hereafter outstanding, (iii) any
payment or prepayment of principal of, premium, if any, or interest, fees or
other charges on or with respect to, and any redemption, purchase, retirement,
defeasance, sinking fund or similar payment and any claim for rescission with
respect to the Subordinated Loans (as defined in the Receivables Sale
Agreement), (iv) any payment made to redeem, purchase, repurchase or retire, or
to obtain the surrender of, any outstanding warrants, options or other rights to
acquire shares of any class of capital stock of Seller now or hereafter
outstanding, and (v) any payment of management fees by Seller (except

                                   Exh. I-16

<PAGE>

for reasonable management fees to the Originator or its Affiliates in
reimbursement of actual management services performed).

                  "Seller" has the meaning set forth in the preamble to this
Agreement.

                  "Seller Parties" has the meaning set forth in the preamble to
this Agreement.

                  "Servicer" means at any time the Person (which may be the
Agent) then authorized pursuant to Article VIII to service, administer and
collect Receivables.

                  "Servicing Fee" has the meaning set forth in Section 8.6.

                  "Settlement Date" means (A) two Business Days following the
Settlement Report Date, and (B) the last day of the relevant Tranche Period in
respect of each Purchaser Interest of the Financial Institutions.

                  "Settlement Period" means (A) in respect of each Purchaser
Interest of Company, the immediately preceding Accrual Period, and (B) in
respect of each Purchaser Interest of the Financial Institutions, the entire
Tranche Period of such Purchaser Interest.

                  "Settlement Report" means a report, in substantially the form
of Exhibit X hereto (appropriately completed), furnished by the Servicer to the
Agent pursuant to Section 8.5.

                  "Settlement Report Date" shall mean the 18th day of any
calendar month or, if such day is not a Business Day, the next succeeding
Business Day.

                  "Shared Security" means (i) all security interests or liens
and property subject thereto from time to time, if any, purporting to secure
both payment of Receivables owned by Seller and payment of other indebtedness
owed to Originator, whether pursuant to the contract related to such
indebtedness or otherwise, together with all financing statements and security
agreements describing any collateral securing such indebtedness and (ii) all
guaranties, letters of credit, insurance, supporting obligations and other
agreements or arrangements of whatever character from time to time supporting or
securing both payment of Receivables owned by Seller and payment of any other
indebtedness owed to Originator, whether pursuant to the contract related to
such indebtedness or otherwise.

                  "Specified Potential Amortization Event" means an event which,
with the passage of time or the giving of notice, or both, would constitute an
Amortization Event (other than an Amortization Event described in Section9.1(a)
or 9.1(h)).

                  "Subsidiary" of a Person means (i) any corporation more than
50% of the outstanding securities having ordinary voting power of which shall at
the time be owned or controlled, directly or indirectly, by such Person or by
one or more of its Subsidiaries or by such Person and one or more of its
Subsidiaries, or (ii) any partnership, association, limited liability company,
joint venture or similar business organization more than 50% of the ownership
interests having ordinary voting power of which shall at the time be so owned or
controlled. Unless otherwise expressly provided, all references herein to a
"Subsidiary" shall mean a Subsidiary of Seller.

                                   Exh. I-17
<PAGE>

                  "Termination Date" has the meaning set forth in Section 2.2.

                  "Termination Percentage" has the meaning set forth in Section
2.2.

                  "Terminating Financial Institution" has the meaning set forth
in Section 13.6(a).

                  "Terminating Tranche" has the meaning set forth in Section
4.3(b).

                  "Tranche Period" means, with respect to any Purchaser Interest
held by a Financial Institution:

                           (a) if Yield for such Purchaser Interest is
         calculated on the basis of the LIBO Rate, a period of one, two, three
         or six months, or such other period as may be mutually agreeable to the
         Agent and Seller, commencing on a Business Day selected by Seller or
         the Agent pursuant to this Agreement. Such Tranche Period shall end on
         the day in the applicable succeeding calendar month which corresponds
         numerically to the beginning day of such Tranche Period, provided,
         however, that if there is no such numerically corresponding day in such
         succeeding month, such Tranche Period shall end on the last Business
         Day of such succeeding month; or

                           (b) if Yield for such Purchaser Interest is
         calculated on the basis of the Prime Rate, a period commencing on a
         Business Day selected by Seller and agreed to by the Agent, provided no
         such period shall exceed one month.

If any Tranche Period would end on a day which is not a Business Day, such
Tranche Period shall end on the next succeeding Business Day, provided, however,
that in the case of Tranche Periods corresponding to the LIBO Rate, if such next
succeeding Business Day falls in a new month, such Tranche Period shall end on
the immediately preceding Business Day. In the case of any Tranche Period for
any Purchaser Interest which commences before the Amortization Date and would
otherwise end on a date occurring after the Amortization Date, such Tranche
Period shall end on the Amortization Date. The duration of each Tranche Period
which commences after the Amortization Date shall be of such duration as
selected by the Agent.

                  "Transaction Documents" means, collectively, this Agreement,
each Purchase Notice, the Receivables Sale Agreement, each Collection Account
Agreement, the Performance Undertaking, the Fee Letter, the Subordinated Note
(as defined in the Receivables Sale Agreement) and all other instruments,
documents and agreements executed and delivered in connection herewith

                  "UCC" means the Uniform Commercial Code as from time to time
in effect in the specified jurisdiction.

                  "Unbilled Receivable" means a Receivable which has not been
invoiced but for which the associated service has been performed or good has
been provided.

                  "Yield" means for each respective Tranche Period relating to
Purchaser Interests of the Financial Institutions, an amount equal to the
product of the applicable Discount Rate for

                                   Exh. I-18
<PAGE>

each Purchaser Interest multiplied by the Capital of such Purchaser Interest for
each day elapsed during such Tranche Period, annualized on a 360 day basis.

                  All accounting terms not specifically defined herein shall be
construed in accordance with GAAP. All terms used in Article 9 of the UCC in the
State of Illinois, and not specifically defined herein, are used herein as
defined in such Article 9.

                                   Exh. I-19

<PAGE>
                                   EXHIBIT II

                             FORM OF PURCHASE NOTICE

                                     [Date]

Bank One, NA (Main Office Chicago), as Agent
1 Bank One Plaza, 21st Floor
Asset-Backed Finance
Chicago, Illinois 60670-0596

Attention:        [Ann Somers]

                  Re:   PURCHASE NOTICE

Ladies and Gentlemen:

                  Reference is hereby made to the Receivables Purchase
Agreement, dated as of June 24, 2002, by and among Comdata Funding Corporation,
a Delaware corporation (the "Seller"), Comdata Network, Inc., as Servicer, the
Financial Institutions, Jupiter Securitization Corporation ("Company"), and Bank
One, NA (Main Office Chicago), as Agent (the "Receivables Purchase Agreement").
Capitalized terms used herein shall have the meanings assigned to such terms in
the Receivables Purchase Agreement.

                  The Agent is hereby notified of the following Incremental
Purchase:

--------------------------------- ----------------------------------------------
Purchase Price:                   $
                                   ---------------------------------------------
--------------------------------- ----------------------------------------------
Date of Purchase:
                                  ----------------------------------------------
--------------------------------- ----------------------------------------------
Requested Discount Rate:          [LIBO Rate] [Prime Rate] [Pooled Commercial
                                  Paper rate]
--------------------------------- ----------------------------------------------

                  Please credit the Purchase Price in immediately available
funds to our Facility Account [and then wire-transfer the Purchase Price in
immediately available funds on the above-specified date of purchase to]:

[Account Name]
[Account No.]
[Bank Name & Address]
[ABA #]
Reference:
Telephone advice to: [Name] @ tel. No. ( )

                  Please advise [Name] at telephone no ( ) _________________ if
Company will not be making this purchase.

                                   Exh. II-1
<PAGE>

                  In connection with the Incremental Purchase to be made on the
above listed "Date of Purchase" (the "Purchase Date"), the Seller hereby
certifies that the following statements are true on the date hereof, and will be
true on the Purchase Date (before and after giving effect to the proposed
Incremental Purchase):

                  (i) the representations and warranties of the Seller set forth
in Section 5.1 of the Receivables Purchase Agreement are true and correct on and
as of the Purchase Date as though made on and as of such date;

                  (ii) no event has occurred and is continuing, or would result
from the proposed Incremental Purchase, that will constitute an Amortization
Event or a Potential Amortization Event;

                  (iii) the Facility Termination Date has not occurred, the
Aggregate Capital does not exceed the Purchase Limit and the aggregate Purchaser
Interests do not exceed 100%; and

                  (iv) the amount of Aggregate Capital is $_________ after
giving effect to the Incremental Purchase to be made on the Purchase Date.

                                Very truly yours,

                                COMDATA FUNDING CORPORATION

                                By:
                                    --------------------------------------------
                                Name:
                                Title:

                                   Exh. II-2
<PAGE>

                                   EXHIBIT III

              PLACES OF BUSINESS, JURISDICTIONS OF ORGANIZATION AND
          CHIEF EXECUTIVE OFFICES; LOCATIONS OF RECORDS; ORGANIZATIONAL
        NUMBER(S); FEDERAL EMPLOYER IDENTIFICATION NUMBER(S); OTHER NAMES

SERVICER:
Principal Place of Business:                    5301 Maryland Way
                                                Brentwood, TN 37027

Jurisdiction of Organization:                   Maryland

Chief Executive Office:                         5301 Maryland Way
                                                Brentwood, TN 37027

Location of Records:                            5301 Maryland Way
                                                Brentwood, TN 37027

Organizational Number:                          D00563916

Federal Employer Identification Number:         62-0813252

Other Names and Trade Names:                    Archco, Inc. and International
                                                Automated Energy Systems, Inc.
                                                were merged into Comdata
                                                Network, Inc.
                                                Trade names include Comdata,
                                                Comchek, Comchek eCash, Comdata
                                                Network, Comdata Corporation,
                                                Comdata Transceiver, Comdata
                                                Financial Services, Comdata
                                                Merchant Services, Comdata
                                                Payment Services, Comdata
                                                Transportation Services, Comdata
                                                Transportation Group, Trendar,
                                                Trendar Corporation,
                                                Transceiver, NTS, Comdata
                                                Complete, Comdata Gaming
                                                Services, Comdata
                                                Telecommunications Services,
                                                Comdata Telecommunications
                                                Services, Inc., Comdata Network,
                                                Inc. of California, Stored Value
                                                Systems, Inc.

SELLER:
Principal Place of Business:                    5301 Maryland Way, Suite 102
                                                Brentwood, TN 37027

Jurisdiction of Organization:                   Delaware

Chief Executive Office:                         5301 Maryland Way, Suite 102
                                                Brentwood, TN 37027

                                   Exh. III-1
<PAGE>

Location(s) of Records:                         5301 Maryland Way, Suite 102
                                                Brentwood, TN 37027

Organizational Number:                          3526500

Federal Employer Identification Number:         35-2169782

          Other Names:                                         None

                                   Exh. III-2
<PAGE>

                                   EXHIBIT IV

                 NAMES OF COLLECTION BANKS; COLLECTION ACCOUNTS
<TABLE>
<CAPTION>
------------------------ -------------------------------------- --------------------------
Bank     Lock            Box Address       Related Collection   Bank     Lock
                         Account
------------------------ -------------------------------------- --------------------------
<S>                      <C>                                    <C>
Bank of America,         P.O. Box 100647                        Account No. 003250355791
Atlanta, GA              Atlanta, GA  30384-0647
ABA No. 061000052
------------------------ -------------------------------------- --------------------------
Bank of America,         P.O. Box 500544                        Account No. 100101204865
St. Louis, MO            St. Louis, MO  63150-0544
ABA No. 081000032
------------------------ -------------------------------------- --------------------------
Bank of America,         P.O. Box 845738                        Account No. 001252888157
Dallas, TX               Dallas, TX  75284-5738
ABA No. 113000023
------------------------ -------------------------------------- --------------------------
Mellon Bank,             P.O. Box 360239                        Account No. 131-1759
Pittsburgh, PA           Pittsburgh, PA  15250-6239
ABA No. 043000261
------------------------ -------------------------------------- --------------------------
AmSouth Bank,            None - account for deposits of         Account No. 1000851850
Nashville, TN            checks received at corporate office
ABA No. 064000017        in Brentwood, TN
------------------------ -------------------------------------- --------------------------
Bank of America,         None - wire transfer receipt account   Account No. 100101232655
St. Louis, MO
ABA No. 081000032
------------------------ -------------------------------------- --------------------------
</TABLE>

                                   Exh. IV-1
<PAGE>

                                    EXHIBIT V

                         FORM OF COMPLIANCE CERTIFICATE

To:  Bank One, NA (Main Office Chicago), as Agent

                  This Compliance Certificate is furnished pursuant to that
certain Receivables Purchase Agreement dated as of June24, 2002 among Comdata
Funding Corporation (the "Seller"), Comdata Network, Inc. (the "Servicer"), the
Purchasers party thereto and Bank One, NA (Main Office Chicago), as agent for
such Purchasers (as the same may be amended, supplemented, restated or otherwise
modified from time to time, the "Agreement"). Capitalized terms used and not
otherwise defined herein are used with the meanings attributed thereto in the
Agreement.

                  THE UNDERSIGNED HEREBY CERTIFIES THAT:

                  1. I am the duly elected ___________________ of [Insert name
of applicable Seller Party] (the "Applicable Party").

                  2. I have reviewed the terms of the Agreement and I have made,
or have caused to be made under my supervision, a detailed review of the
transactions and conditions of the Applicable Party and its Subsidiaries during
the [accounting period covered by the attached financial statements]
[[quarterly][annual] period ending on ____________].

                  3. The examinations described in paragraph 2 did not disclose,
and I have no knowledge of, the existence of any condition or event which
constitutes an Amortization Event or Potential Amortization Event during or at
the end of the [accounting period covered by the attached financial statements]
[[quarterly][annual] period ending on ___________] or as of the date of this
Certificate, except as set forth in paragraph 5 below.

                  [4. Schedule I attached hereto sets forth financial data and
computations evidencing the compliance with certain covenants of the Agreement,
all of which data and computations are true, complete and correct.]

                  5. Described below are the exceptions, if any, to paragraph 3
by listing, in detail, the nature of the condition or event, the period during
which it has existed and the action which the Applicable Party has taken, is
taking, or proposes to take with respect to each such condition or event:

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

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

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

                                    Exh. V-1
<PAGE>

                  6. As of the date hereof, the jurisdiction of organization of
Seller is Delaware, the jurisdiction of organization of the Servicer is
Maryland, each of the Seller and the Servicer is a "registered organization"
(within the meaning of Section 9-102 of the UCC in effect in Delaware or
Maryland, as applicable) and neither Seller nor any Servicer has changed its
jurisdiction of organization since the date of the Agreement.

                  The foregoing certifications[, together with the computations
set forth in Schedule I hereto and the financial statements delivered with this
Certificate in support hereof,] are made and delivered this day of , _____.

                                     [INSERT NAME OF APPLICABLE SELLER PARTY]

                                     By:
                                     Name:
                                     Title:

                                    Exh. V-2
<PAGE>

                      SCHEDULE I TO COMPLIANCE CERTIFICATE

A.       Schedule of Compliance as of __________, ____ with Section 9.1 of the
         Agreement. Unless otherwise defined herein, the terms used in this
         Compliance Certificate have the meanings ascribed thereto in the
         Agreement.

This schedule relates to the month ended:

                                    Exh. V-3
<PAGE>

                                   EXHIBIT VI

                      FORM OF COLLECTION ACCOUNT AGREEMENT

                    [On letterhead of Comdata Network, Inc.]

                                                             [           ], 2002

[Lock-Box Bank/Concentration Bank/Depositary Bank]

         Re:      Comdata Network, Inc.

Ladies and Gentlemen:

                  Reference is hereby made to P.O. Box #[ ] in [city, state, zip
code] (the "Lock-Box") of which you have exclusive control for the purpose of
receiving mail and processing payments therefrom pursuant to that certain [name
of lock-box agreement] between you and Comdata Network, Inc. (the "Company")
dated [ ] (the "Agreement"). You hereby confirm your agreement to perform the
services described therein. Among the services you have agreed to perform
therein, is to endorse all checks and other evidences of payment, and credit
such payments to the Company's checking account no. [ ] maintained with you in
the name of the Company (the "Lock-Box Account").

                  The Company hereby informs you that pursuant to that certain
Receivables Sale Agreement, dated as of June24, 2002, among the Company, the
other parties thereto as Originators and Comdata Funding Corporation (the
"Seller"), the Company has transferred all of its right, title and interest in
and to, and exclusive ownership and control of, the Lock-Box and the Lock-Box
Account to Seller. Seller has granted a security interest in the Lock-Box and
the Lock-Box Account to Bank One (as defined below), as agent. The Company and
Seller hereby request that the name of the Lock-Box Account be changed to
"Comdata Network, Inc., as Servicer."

                  The Company and Seller hereby irrevocably instruct you, and
you hereby agree, that (i) if at any time you receive any instruction originated
by Bank One, NA (Main Office Chicago) ("Bank One") directing the disposition of
funds in the Lock-Box Account you will comply with such instruction without
further consent of the Company, Seller or any other party, provided, that until
you receive notice in the form attached hereto as Annex A (a "Default Notice")
from Bank One, Seller and the Company, as servicer, shall be entitled to give
instructions directing the disposition of funds in the Lock-Box Account; and
(ii) upon receiving the Default Notice, (A) you will take all instructions
regarding the Lock-Box Account and the disposition of funds therein solely from
Bank One, (B) the name of the Lock-Box Account will be changed to Bank One for
itself and as agent (or any designee of Bank One) and Bank One

                                   Exh. VI-1
<PAGE>

e exclusive ownership of and access to and sole control of the Lock-Box
and the Lock-Box Account, and neither the Company, Seller, nor any of their
respective affiliates will have any control of the Lock-Box or the Lock-Box
Account or any access thereto, (C) you will either continue to send the funds
from the Lock-Box to the Lock-Box Account, or will redirect the funds as Bank
One may otherwise request, (D) you will transfer monies on deposit in the
Lock-Box Account, at any time, as directed by Bank One, (E) all services to be
performed by you under the Agreement will be performed on behalf of Bank One,
and (F) all correspondence or other mail that you have agreed to send to the
Company or Seller will be sent to Bank One at the following address:

                           Bank One, NA (Main Office Chicago), as Agent
                           Suite ______, 21st Floor
                           1 Bank One Plaza
                           Chicago, Illinois 60670-______
                           Attention:       Credit Manager, Asset Backed
                                            Securities Division

                  Moreover, upon such notice, Bank One for itself and as agent
will have all rights and remedies given to the Company (and Seller, as the
Company's assignee) under the Agreement. Seller agrees, however, to continue to
pay all fees and other assessments due thereunder at any time.

                  You hereby acknowledge that monies deposited in the Lock-Box
Account, the Lock-Box Account and any other account established with you by Bank
One for the purpose of receiving funds from the Lock-Box are subject to the
liens of Bank One for itself and as agent, and will not be subject to deduction,
set-off, banker's lien or any other right you or any other party may have
against the Company or Seller (including, without limitation, any security
interest therein arising by operation of law or otherwise, which security
interest is hereby released).

                  You hereby acknowledge and agree that (i) you are executing
this letter agreement and agree to perform hereunder in your capacity as a
"bank" as defined in Section 9-102 of the UCC; (ii) the Lock-Box Account is a
"Deposit Account" as defined in Section 9-102(a)(29) of the UCC; (iii)
regardless of any provision in any other agreement, for purposes of the UCC,
Illinois shall be deemed to be your jurisdiction (with the meaning of Section
9-304 of the UCC); (iv) you have not entered into, and until termination of this
letter agreement will not enter into, any agreement with any other party
relating to the Lock-Box Account and/or any financial assets credited thereto
pursuant to which you have agreed to comply with instructions (within the
meaning of Section 9-104 of the UCC) of such other party; (v) except for the
claims and interest of Bank One and Seller in the Lock-Box Account, you do not
know of any lien on or claim to, or interest in the Lock-Box Account; and (vi)
if any party asserts any lien, encumbrance or similar process against the
Lock-Box Account, you will promptly notify Bank One and Seller thereof. All
references herein to the "UCC" shall mean the Uniform Commercial Code as in
effect from time to time in the State of Illinois.

                  THIS LETTER AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER WILL BE GOVERNED BY AND CONSTRUED AND

                                   Exh. VI-2
<PAGE>

INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS. This letter
agreement may be executed in any number of counterparts and all of such
counterparts taken together will be deemed to constitute one and the same
instrument.

                  This letter agreement contains the entire agreement between
the parties, and may not be altered, modified, terminated or amended in any
respect, nor may any right, power or privilege of any party hereunder be waived
or released or discharged, except upon execution by all parties hereto of a
written instrument so providing. In the event that any provision in this letter
agreement is in conflict with, or inconsistent with, any provision of the
Agreement, this letter agreement will exclusively govern and control. Each party
agrees to take all actions reasonably requested by any other party to carry out
the purposes of this letter agreement or to preserve and protect the rights of
each party hereunder.

                                   Exh. VI-3
<PAGE>

                  Please indicate your agreement to the terms of this letter
agreement by signing in the space provided below. This letter agreement will
become effective immediately upon execution of a counterpart of this letter
agreement by all parties hereto.

Very truly yours,

                                    COMDATA NETWORK, INC.

                                    By:
                                        ----------------------------------------
                                    Name:
                                    Title:

                                    COMDATA FUNDING CORPORATION

                                    By:
                                        ----------------------------------------
                                    Name:
                                    Title:

Acknowledged and agreed to
this ______ day of _________, 2002

[COLLECTION BANK]

By:
    ------------------------------------------
Name:
Title:

BANK ONE, NA (MAIN OFFICE CHICAGO), as Agent

By:
    ------------------------------------------
Name:
Title:

                                   Exh. VI-4
<PAGE>

                                     ANNEX A

                                 FORM OF NOTICE

                           [On letterhead of Bank One]

                                               -----------------------,---------

[Collection Bank/Depositary Bank/Concentration Bank]

           Re:      Comdata Network, Inc.

Ladies and Gentlemen:

         We hereby notify you that we are exercising our rights pursuant to that
certain letter agreement among Comdata Network, Inc., Comdata Funding
Corporation, you and us, to have the name of, and to have exclusive ownership
and sole control of, account number ______________ (the "Lock-Box Account")
maintained with you. You are hereby instructed not to accept any direction,
instructions or entitlement orders with respect to the Lock-Box Account or the
funds credited thereto from any person or entity other than the Agent, unless
otherwise ordered by a court of competent jurisdiction. [Lock-Box Account will
henceforth be a zero-balance account, and funds deposited in the Lock-Box
Account should be sent at the end of each day to _______________.] You have
further agreed to perform all other services you are performing under that
certain agreement dated __________ between you and Comdata Network, Inc. on our
behalf.

We appreciate your cooperation in this matter.

                                Very truly yours,

                                BANK ONE, NA (MAIN OFFICE CHICAGO)
                                (for itself and as agent)

                                By:
                                    -------------------------------------
                                Title:
                                       ----------------------------------

                                   Annex A-1
<PAGE>

                                   EXHIBIT VII

                          FORM OF ASSIGNMENT AGREEMENT

                  THIS ASSIGNMENT AGREEMENT (this "Assignment Agreement") is
entered into as of the ___ day of ____________, ____, by and between
_____________________ ("Assignor") and __________________ ("Assignee").

                             PRELIMINARY STATEMENTS

                  A. This Assignment Agreement is being executed and delivered
in accordance with Section 12.1(b) of that certain Receivables Purchase
Agreement dated as of June24, 2002 by and among Comdata Funding Corporation,
Comdata Network, Inc., as servicer, Jupiter Securitization Corporation, Bank
One, NA (Main Office Chicago), as Agent, and the Financial Institutions party
thereto (as amended, modified or restated from time to time, the "Purchase
Agreement"). Capitalized terms used and not otherwise defined herein are used
with the meanings set forth or incorporated by reference in the Purchase
Agreement.

                  B. Assignor is a Financial Institution party to the Purchase
Agreement, and Assignee wishes to become a Financial Institution thereunder; and

                  C. Assignor is selling and assigning to Assignee an undivided
____________% (the "Transferred Percentage") interest in all of Assignor's
rights and obligations under the Purchase Agreement and the Transaction
Documents, including, without limitation, Assignor's Commitment and (if
applicable) the Capital of Assignor's Purchaser Interests as set forth herein.

                                    AGREEMENT

                  The parties hereto hereby agree as follows:

                  1. The sale, transfer and assignment effected by this
Assignment Agreement shall become effective (the "Effective Date") two (2)
Business Days (or such other date selected by the Agent in its sole discretion)
following the date on which a notice substantially in the form of Schedule II to
this Assignment Agreement ("Effective Notice") is delivered by the Agent to
Company, Assignor and Assignee. From and after the Effective Date, Assignee
shall be a Financial Institution party to the Purchase Agreement for all
purposes thereof as if Assignee were an original party thereto and Assignee
agrees to be bound by all of the terms and provisions contained therein.

                  2. If Assignor has no outstanding Capital under the Purchase
Agreement, on the Effective Date, Assignor shall be deemed to have hereby
transferred and assigned to Assignee, without recourse, representation or
warranty (except as provided in paragraph 6 below), and the Assignee shall be
deemed to have hereby irrevocably taken, received and assumed from Assignor, the
Transferred Percentage of Assignor's Commitment and all rights and obligations
associated therewith under the terms of the Purchase Agreement, including,

                                   Exh. VII-1
<PAGE>

without limitation, the Transferred Percentage of Assignor's future funding
obligations under Section 4.1 of the Purchase Agreement.

                  3. If Assignor has any outstanding Capital under the Purchase
Agreement, at or before 12:00 noon, local time of Assignor, on the Effective
Date Assignee shall pay to Assignor, in immediately available funds, an amount
equal to the sum of (i) the Transferred Percentage of the outstanding Capital of
Assignor's Purchaser Interests (such amount, being hereinafter referred to as
the "Assignee's Capital"); (ii) all accrued but unpaid (whether or not then due)
Yield attributable to Assignee's Capital; and (iii) accruing but unpaid fees and
other costs and expenses payable in respect of Assignee's Capital for the period
commencing upon each date such unpaid amounts commence accruing, to and
including the Effective Date (the "Assignee's Acquisition Cost"); whereupon,
Assignor shall be deemed to have sold, transferred and assigned to Assignee,
without recourse, representation or warranty (except as provided in paragraph 6
below), and Assignee shall be deemed to have hereby irrevocably taken, received
and assumed from Assignor, the Transferred Percentage of Assignor's Commitment
and the Capital of Assignor's Purchaser Interests (if applicable) and all
related rights and obligations under the Purchase Agreement and the Transaction
Documents, including, without limitation, the Transferred Percentage of
Assignor's future funding obligations under Section 4.1 of the Purchase
Agreement.

                  4. Concurrently with the execution and delivery hereof,
Assignor will provide to Assignee copies of all documents requested by Assignee
which were delivered to Assignor pursuant to the Purchase Agreement.

                  5. Each of the parties to this Assignment Agreement agrees
that at any time and from time to time upon the written request of any other
party, it will execute and deliver such further documents and do such further
acts and things as such other party may reasonably request in order to effect
the purposes of this Assignment Agreement.

                  6. By executing and delivering this Assignment Agreement,
Assignor and Assignee confirm to and agree with each other, the Agent and the
Financial Institutions as follows: (a) other than the representation and
warranty that it has not created any Adverse Claim upon any interest being
transferred hereunder, Assignor makes no representation or warranty and assumes
no responsibility with respect to any statements, warranties or representations
made by any other Person in or in connection with the Purchase Agreement or the
Transaction Documents or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of Assignee, the Purchase Agreement or any
other instrument or document furnished pursuant thereto or the perfection,
priority, condition, value or sufficiency of any collateral; (b) Assignor makes
no representation or warranty and assumes no responsibility with respect to the
financial condition of the Seller, any Obligor, any Seller Affiliate or the
performance or observance by the Seller, any Obligor, any Seller Affiliate of
any of their respective obligations under the Transaction Documents or any other
instrument or document furnished pursuant thereto or in connection therewith;
(c) Assignee confirms that it has received a copy of the Purchase Agreement and
copies of such other Transaction Documents, and other documents and information
as it has requested and deemed appropriate to make its own credit analysis and
decision to enter into this Assignment Agreement; (d) Assignee will,
independently and without reliance upon the Agent, Company, the Seller or any
other Financial Institution or Purchaser and based on such

                                   Exh. VII-2
<PAGE>

documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under the Purchase
Agreement and the Transaction Documents; (e) Assignee appoints and authorizes
the Agent to take such action as agent on its behalf and to exercise such powers
under the Transaction Documents as are delegated to the Agent by the terms
thereof, together with such powers as are reasonably incidental thereto; and (f)
Assignee agrees that it will perform in accordance with their terms all of the
obligations which, by the terms of the Purchase Agreement and the other
Transaction Documents, are required to be performed by it as a Financial
Institution or, when applicable, as a Purchaser.

                  7. Each party hereto represents and warrants to and agrees
with the Agent that it is aware of and will comply with the provisions of the
Purchase Agreement, including, without limitation, Sections 1.1, 4.1, 13.1 and
14.6 thereof.

                  8. Schedule I hereto sets forth the revised Commitment of
Assignor and the Commitment of Assignee, as well as administrative information
with respect to Assignee.

                  9. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ILLINOIS.

                  10. Assignee hereby covenants and agrees that, prior to the
date which is one year and one day after the payment in full of all senior
indebtedness for borrowed money of Company, it will not institute against, or
join any other Person in instituting against, Company or any such entity any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
or other similar proceeding under the laws of the United States or any state of
the United States.

                  IN WITNESS WHEREOF, the parties hereto have caused this
Assignment Agreement to be executed by their respective duly authorized officers
of the date hereof.

                                     [ASSIGNOR]

                                     By:
                                         ---------------------------------
                                     Title:

                                     [ASSIGNEE]

                                     By:
                                         ---------------------------------
                                     Title:

                                   Exh. VII-3
<PAGE>

                       SCHEDULE I TO ASSIGNMENT AGREEMENT

                       LIST OF LENDING OFFICES, ADDRESSES
                       FOR NOTICES AND COMMITMENT AMOUNTS

Date: _______________, ____

Transferred Percentage:    ________%

<TABLE>
<CAPTION>

------------------------- ---------------------- ----------------------- ---------------------- ----------------------
                                   A-1                    A-2                     B-1                    B-2
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
<S>                       <C>                    <C>                     <C>                    <C>
Assignor                  Commitment (prior to   Commitment (after       Outstanding Capital    Ratable Share of
                          giving effect to the   giving effect to the    (if any)               Outstanding Capital
                          Assignment Agreement)  Assignment Agreement)
------------------------- ---------------------- ----------------------- ---------------------- ----------------------

<CAPTION>

------------------------- ---------------------- ----------------------- ---------------------- ----------------------
                                                          A-2                     B-1                    B-2
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
<S>                       <C>                     <C>                    <C>                    <C>
Assignee                                         Commitment (after       Outstanding Capital    Ratable Share of
                                                 giving effect to the    (if any)               Outstanding Capital
                                                 Assignment Agreement)
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
</TABLE>

ADDRESS FOR NOTICES

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

----------------------------------------
Attention:
Phone:
Fax:

                                   Exh. VII-4
<PAGE>

                       SCHEDULE II TO ASSIGNMENT AGREEMENT

                                EFFECTIVE NOTICE

TO:      ________________________, Assignor

         _______________________________

         _______________________________

         _______________________________

TO:      ________________________, Assignee

         _______________________________

         _______________________________

         _______________________________

                  The undersigned, as Agent under the Receivables Purchase
Agreement dated as of June24, 2002 by and among Comdata Funding Corporation,
Comdata Network, Inc., as servicer, Jupiter Securitization Corporation, Bank
One, NA (Main Office Chicago), as Agent, and the Financial Institutions party
thereto, hereby acknowledges receipt of executed counterparts of a completed
Assignment Agreement dated as of ____________, ____ between __________________,
as Assignor, and __________________, as Assignee. Terms defined in such
Assignment Agreement are used herein as therein defined.

                  1. Pursuant to such Assignment Agreement, you are advised that
the Effective Date will be ___________________,_____.

                  2. Company hereby consents to the Assignment Agreement as
required by Section 12.1(b) of the Receivables Purchase Agreement.

                                   Exh. VII-5
<PAGE>

                  [3. Pursuant to such Assignment Agreement, the Assignee is
required to pay $____________ to Assignor at or before 12:00 noon (local time of
Assignor) on the Effective Date in immediately available funds.]

                                Very truly yours,

                                BANK ONE, NA (MAIN OFFICE CHICAGO),
                                individually and as Agent

                                By:
                                    -----------------------------------------
                                Title:
                                       --------------------------------------

                                JUPITER SECURITIZATION CORPORATION

                                By:
                                    -----------------------------------------
                                         Authorized Signer

                                   Exh. VII-6
<PAGE>

                                  EXHIBIT VIII

                          CREDIT AND COLLECTION POLICY

                   See Exhibit V to Receivables Sale Agreement

                                  Exh. VIII-1
<PAGE>

                                   EXHIBIT IX

                               FORM OF CONTRACT(S)

                                  See Attached

                                   Exh. IX-1
<PAGE>

                                    EXHIBIT X

                            FORM OF SETTLEMENT REPORT

                  The attached Settlement Report is a true and accurate
accounting pursuant to the terms of the Receivables Purchase Agreement dated as
of June 24, 2002 (as the same may be amended, supplemented, restated or
otherwise modified from time to time, the "Agreement"), by and among Comdata
Funding Corporation, Comdata Network, Inc., Jupiter Securitization Corporation,
the financial institutions party thereto and Bank One, NA (Main Office Chicago),
as agent, and I have no knowledge of the existence of any conditions or events
which constitute an Amortization Event or Potential Amortization Event, as each
such term is defined under the Agreement, during or at the end of the accounting
period covered by the attached Settlement Report or as of the date of this
certificate, except as set forth below.

By:
    -------------------------------------------------
Name:
      -----------------------------------------------
Title:
       ----------------------------------------------
Company Name:
              ---------------------------------------
Date:
      -----------------------------------------------

                                    Exh. X-1
<PAGE>

                                   EXHIBIT XI

                         FORM OF PERFORMANCE UNDERTAKING

                                 [See Attached]

                                   Exh. XI-1
<PAGE>

                                   EXHIBIT XII

                            FORM OF REDUCTION NOTICE

                                     [Date]

Bank One, NA (Main Office Chicago), as Agent
1 Bank One Plaza, 21st Floor
Asset-Backed Finance
Chicago, Illinois 60670-0596

Attention:        [Ann Somers]

                  Re:   REDUCTION NOTICE

Ladies and Gentlemen:

                  Reference is hereby made to the Receivables Purchase
Agreement, dated as of June24, 2002, by and among Comdata Funding Corporation, a
Delaware corporation (the "Seller"), Comdata Network, Inc., as Servicer, the
Financial Institutions, Jupiter Securitization Corporation ("Company"), and Bank
One, NA (Main Office Chicago), as Agent (the "Receivables Purchase Agreement").
Capitalized terms used herein shall have the meanings assigned to such terms in
the Receivables Purchase Agreement.

                  The Agent is hereby notified of the following request to
reduce Aggregate Capital from Collections:

---------------------------------------- --------------------------------------
Aggregate Capital Reduction:             $
                                          -------------------------------------
---------------------------------------- --------------------------------------
Proposed Reduction Date:
                                         --------------------------------------
---------------------------------------- --------------------------------------

                  The amount of Aggregate Capital is $______________ after
giving effect to the reduction in Aggregate Capital to be made on the Proposed
Reduction Date

                                Very truly yours,

                                COMDATA FUNDING CORPORATION

                                By:
                                    --------------------------------------
                                Name:
                                Title:

                                   Exh. XII-1
<PAGE>

                                   SCHEDULE A

                      COMMITMENTS OF FINANCIAL INSTITUTIONS

<TABLE>
<CAPTION>

------------------------------------------------------------ ---------------------------------------------------------
                   Financial Institution                                            Commitment
------------------------------------------------------------ ---------------------------------------------------------
<S>                                                           <C>
            Bank One, NA (Main Office Chicago)                                    $ 153,000,000
------------------------------------------------------------ ---------------------------------------------------------
</TABLE>

                                      A-1
<PAGE>

                                   SCHEDULE B

                     DOCUMENTS TO BE DELIVERED TO THE AGENT
                       ON OR PRIOR TO THE INITIAL PURCHASE

PART I: DOCUMENTS TO BE DELIVERED IN CONNECTION WITH THE RECEIVABLES SALE
AGREEMENT

1.       Executed copies of the Receivables Sale Agreement, duly executed by the
         parties thereto.

2.       Copy of the Resolutions of the Board of Directors of Originator
         certified by its Secretary, authorizing Originator's execution,
         delivery and performance of the Receivables Sale Agreement and the
         other documents to be delivered by it thereunder.

3.       Articles or Certificate of Incorporation of Originator certified by the
         Secretary of State of the jurisdiction of incorporation of Originator
         on or within thirty (30) days prior to the initial Purchase (as defined
         in the Receivables Sale Agreement).

4.       Good Standing Certificate for Originator issued by the Secretaries of
         State of its state of incorporation and each jurisdiction where it has
         material operations, each of which is listed below:

         a.       Maryland
         b.       Tennessee

5.       A certificate of the Secretary of Originator certifying: (i) the names
         and signatures of the officers authorized on its behalf to execute the
         Receivables Sale Agreement and any other documents to be delivered by
         it thereunder and (ii) a copy of Originator's By-Laws.

6.       Pre-filing state and federal tax lien, judgment lien and UCC lien
         searches against Originator from the following jurisdictions:

         a.       Maryland
         b.       Tennessee

7.       Time stamped receipt copies of proper financing statements, duly filed
         under the UCC on or before the date of the initial Purchase (as defined
         in the Receivables Sale Agreement) in all jurisdictions as may be
         necessary or, in the opinion of Seller (or its assigns), desirable,
         under the UCC of all appropriate jurisdictions or any comparable law in
         order to perfect the ownership interests contemplated by the
         Receivables Sale Agreement.

8.       Time stamped receipt copies of proper UCC termination statements, if
         any, necessary to release all security interests and other rights of
         any Person in the Receivables, Contracts or Related Security previously
         granted by Originator.

9.       Executed Collection Account Agreements for each Lock-Box and Collection
         Account.

                                    Sch. B-1
<PAGE>

10.      A favorable opinion of legal counsel for Originator reasonably
         acceptable to Seller (or its assigns) which addresses the following
         matters and such other matters as Seller (or its assigns) may
         reasonably request:

                  --       Originator is a corporation duly incorporated,
                           validly existing, and in good standing under the laws
                           of its state of incorporation.

                  --       Originator has all requisite authority to conduct its
                           business in each jurisdiction where failure to be so
                           qualified would have a material adverse effect on
                           Originator's business.

                  --       Originator has all requisite power and authority to
                           execute, deliver and perform all of its obligations
                           under the Receivables Sale Agreement and each other
                           Transaction Document to which it is a party.

                  --       The execution and delivery by Originator of the
                           Receivables Sale Agreement and each other Transaction
                           Document to which it is a party and its performance
                           of its obligations thereunder have been duly
                           authorized by all necessary corporate action and
                           proceedings on the part of Originator and will not:

                           (a)      require any action by or in respect of, or
                                    filing with, any governmental body, agency
                                    or official (other than the filing of UCC
                                    financing statements);

                           (b)      contravene, or constitute a default under,
                                    any provision of applicable law or
                                    regulation or of its articles or certificate
                                    of incorporation or bylaws or of any
                                    agreement, judgment, injunction, order,
                                    decree or other instrument binding upon
                                    Originator; or

                           (c)      result in the creation or imposition of any
                                    Adverse Claim on assets of Originator or any
                                    of its Subsidiaries (except as contemplated
                                    by the Receivables Sale Agreement).

                  --       The Receivables Sale Agreement and each other
                           Transaction Document to which it is a party has been
                           duly executed and delivered by Originator and
                           constitutes the legal, valid, and binding obligation
                           of Originator enforceable in accordance with its
                           terms, except to the extent the enforcement thereof
                           may be limited by bankruptcy, insolvency or similar
                           laws affecting the enforcement of creditors' rights
                           generally and subject also to the availability of
                           equitable remedies if equitable remedies are sought.

                  --       The provisions of the Receivables Sale Agreement are
                           effective to create a valid security interest in
                           favor of Seller in all Receivables and upon the
                           filing of financing statements, Seller shall acquire
                           a first priority, perfected security interest in such
                           Receivables.

                                    Sch. B-2
<PAGE>

                  --       For the purposes of the Maryland UCC, Originator is a
                           "registered organization".

                  --       Pursuant to the provisions of the Receivables Sale
                           Agreement, Originator has authorized the filing of
                           the Financing Statement identifying the Receivables,
                           Related Security and Collections for purposes of
                           Section 9-509 of the Maryland UCC.

                  --       The Financing Statement includes not only all of the
                           types of information required by Section 9-502(a) of
                           the Maryland UCC but also the types of information
                           without which the Filing Office may refuse to accept
                           the Financing Statement pursuant to Section 9-516 of
                           the Maryland UCC.

                  --       To the best of the opinion giver's knowledge, there
                           is no action, suit or other proceeding against
                           Originator or any Affiliate of Originator, which
                           would materially adversely affect the business or
                           financial condition of Originator and its Affiliates
                           taken as a whole or which would materially adversely
                           affect the ability of Originator to perform its
                           obligations under the Receivables Sale Agreement.

11.      A "true sale" opinion and "substantive consolidation" opinion of
         counsel for Originator with respect to the transactions contemplated by
         the Receivables Sale Agreement.

12.      A Compliance Certificate.

13.      Executed copies of (i) all consents from and authorizations by any
         Persons and (ii) all waivers and amendments to existing credit
         facilities, that are necessary in connection with the Receivables Sale
         Agreement.

14.      Executed copies of the Subordinated Note (as defined in the Receivables
         Sale Agreement) by Seller in favor of Originator.

15.      A direction letter executed by Originator authorizing Seller (and its
         assignees) and directing warehousemen to allow Seller (and its
         assignees) to inspect and make copies from Originator's books and
         records maintained at off-site data processing or storage facilities,
         if applicable.

PART II:  DOCUMENTS TO BE DELIVERED IN CONNECTION WITH THE AGREEMENT

1.       Executed copies of the Agreement, duly executed by the parties thereto.

2.       Copy of the Resolutions of the Board of Directors of each Seller Party
         and Performance Guarantor certified by its Secretary authorizing such
         Person's execution, delivery and performance of this Agreement and the
         other documents to be delivered by it hereunder.

                                    Sch. B-3
<PAGE>

3.       Articles or Certificate of Incorporation of each Seller Party and
         Performance Guarantor certified by the Secretary of State of its
         jurisdiction of incorporation on or within thirty (30) days prior to
         the initial Incremental Purchase.

4.       Good Standing Certificate for each Seller Party and Performance
         Guarantor issued by the Secretaries of State of its state of
         incorporation and each jurisdiction where it has material operations,
         each of which is listed below:

         a.       Seller:
                  Delaware
                  Tennessee

         b.       Servicer:
                  Maryland
                  Tennessee

         c.       Performance Guarantor:
                  Delaware
                  Minnesota

5.       A certificate of the Secretary of each Seller Party and Performance
         Guarantor certifying (i) the names and signatures of the officers
         authorized on its behalf to execute this Agreement and any other
         documents to be delivered by it hereunder and (ii) a copy of such
         Person's By-Laws.

6.       Pre-filing state and federal tax lien, judgment lien and UCC lien
         searches against each Seller Party from the following jurisdictions:

         a.       Seller:
                  Delaware

         b.       Servicer:
                  Maryland
                  Tennessee

7.       Time stamped receipt copies of proper financing statements, duly filed
         under the UCC on or before the date of the initial Incremental Purchase
         in all jurisdictions as may be necessary or, in the opinion of the
         Agent, desirable, under the UCC of all appropriate jurisdictions or any
         comparable law in order to perfect the ownership interests contemplated
         by this Agreement.

8.       Time stamped receipt copies of proper UCC termination statements, if
         any, necessary to release all security interests and other rights of
         any Person in the Receivables, Contracts or Related Security previously
         granted by Seller.

9.       Executed copies of Collection Account Agreements for each Lock-Box and
         Collection Account.

                                    Sch. B-4
<PAGE>

10.      A favorable opinion of legal counsel for the Seller Parties and
         Performance Guarantor reasonably acceptable to the Agent which
         addresses the following matters and such other matters as the Agent may
         reasonably request:

         --       Each Seller Party and Performance Guarantor is a corporation
                  duly incorporated, validly existing, and in good standing
                  under the laws of its state of incorporation.

         --       Each Seller Party and Performance Guarantor has all requisite
                  authority to conduct its business in each jurisdiction where
                  failure to be so qualified would have a material adverse
                  effect on such Person's business.

         --       Each Seller Party and Performance Guarantor has all requisite
                  power and authority to execute, deliver and perform all of its
                  obligations under this Agreement and each other Transaction
                  Document to which it is a party.

         --       The execution and delivery by each Seller Party and
                  Performance Guarantor of this Agreement and each other
                  Transaction Document to which it is a party and its
                  performance of its obligations thereunder have been duly
                  authorized by all necessary corporate action and proceedings
                  on the part of such Person and will not:

                  (a)      require any action by or in respect of, or filing
                           with, any governmental body, agency or official
                           (other than the filing of UCC financing statements);

                  (b)      contravene, or constitute a default under, any
                           provision of applicable law or regulation or of its
                           articles or certificate of incorporation or bylaws or
                           of any agreement, judgment, injunction, order, decree
                           or other instrument binding upon such Person; or

                  (c)      result in the creation or imposition of any Adverse
                           Claim on assets of such Person or any of its
                           Subsidiaries (except as contemplated by this
                           Agreement).

         --       The provisions of this Agreement are sufficient to constitute
                  authorization by Seller for the filing of the financing
                  statements required under this Agreement.

         --       For the purposes of the Delaware UCC, Seller is a "registered
                  organization."

         --       Pursuant to the provisions of the Receivables Purchase
                  Agreement, Seller has authorized the filing of the Financing
                  Statement identifying the Receivables, Related Security and
                  Collections for purposes of Section 9-509 of the Delaware UCC.

         --       The Financing Statement includes not only all of the types of
                  information required by Section 9-502(a) of the Delaware UCC
                  but also the types of information without which the Filing
                  Office may refuse to accept the Financing Statement pursuant
                  to Section 9-516 of the Delaware UCC.

                                    Sch. B-5
<PAGE>

         --       This Agreement and each other Transaction Document to which
                  such Person is a party has been duly executed and delivered by
                  such Person and constitutes the legal, valid, and binding
                  obligation of such Person, enforceable in accordance with its
                  terms, except to the extent the enforcement thereof may be
                  limited by bankruptcy, insolvency or similar laws affecting
                  the enforcement of creditors' rights generally and subject
                  also to the availability of equitable remedies if equitable
                  remedies are sought.

         --       The provisions of this Agreement are effective to create a
                  valid security interest in favor of the Agent for the benefit
                  of the Purchasers in all Receivables, and upon the filing of
                  financing statements, the Agent for the benefit of the
                  Purchasers shall acquire a first priority, perfected security
                  interest in such Receivables.

         --       To the best of the opinion giver's knowledge, there is no
                  action, suit or other proceeding against any Seller Party,
                  Performance Guarantor or any of their respective Affiliates,
                  which would materially adversely affect the business or
                  financial condition of such Person and its Affiliates taken as
                  a whole or which would materially adversely affect the ability
                  of such Person to perform its obligations under any
                  Transaction Document to which it is a party.

11.      If requested by Company or the Agent, a favorable opinion of legal
         counsel for each Financial Institution, reasonably acceptable to the
         Agent which addresses the following matters:

         --       This Agreement has been duly authorized by all necessary
                  corporate action of such Financial Institution.

         --       This Agreement has been duly executed and delivered by such
                  Financial Institution and, assuming due authorization,
                  execution and delivery by each of the other parties thereto,
                  constitutes a legal, valid and binding obligation of such
                  Financial Institution, enforceable against such Financial
                  Institution in accordance with its terms.

12.      A Compliance Certificate.

13.      The Fee Letter.

14.      A Settlement Report as at May 31, 2002.

15.      Executed copies of (i) all consents from and authorizations by any
         Persons and (ii) all waivers and amendments to existing credit
         facilities, that are necessary in connection with this Agreement.

16.      A direction letter executed by Seller and the Servicer authorizing the
         Agent and Company and directing warehousemen to allow the Agent and
         Company to inspect and make copies from Seller's books and records
         maintained at off-site data processing or storage facilities, if
         applicable.

                                    Sch. B-6
<PAGE>

17.      For each Purchaser that is not incorporated under the laws of the
         United States of America, or a state thereof, two duly completed copies
         of United States Internal Revenue Service Form 1001 or 4224, certifying
         in either case that such Purchaser is entitled to receive payments
         under the Agreement without deduction or withholding of any United
         States federal income taxes.

                                    Sch. B-7

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