Document:

<PAGE>

                                                                     Exhibit 4.2
                                                                     -----------

================================================================================

                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.
                                     Seller

                    DEUTSCHE FINANCIAL SERVICES CORPORATION
                                    Servicer

                                      and

                       [                               ]
                                    Trustee

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

                           SERIES [     ] SUPPLEMENT

                               Dated as of [   ]

                                       to

                        POOLING AND SERVICING AGREEMENT

                   Amended and Restated as of October 1, 1996

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

                                      $[ ]
             DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST
                                SERIES [      ]

================================================================================
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                   Page
<S>                                                                                <C>

                                   ARTICLE I
                   Creation of the Series [    ] Certificates

SECTION 1.1    Designation..........................................................  1

                                   ARTICLE II
                                  Definitions

SECTION 2.1    Definitions..........................................................  1

                                  ARTICLE III
                                 Servicing Fee

SECTION 3.1    Servicing Compensation............................................... 14

                                   ARTICLE IV
                 Rights of Series [    ] Certificateholders and
                   Allocation and Application of Collections

SECTION 4.1    Allocations; Payments to Seller...................................... 16
SECTION 4.2    Monthly Interest; Determination of Certificate Rate.................. 17
SECTION 4.3    Determination of Monthly Principal................................... 18
SECTION 4.4    Establishment of Reserve Fund and Funding Accounts................... 18
SECTION 4.5    Deficiency Amount.................................................... 21
SECTION 4.6    Application of Investor Non-Principal Collections, Investment
                 Proceeds and Available Investor Principal Collections.............. 22
SECTION 4.7    Distributions to Series [  ] Certificateholders...................... 24
SECTION 4.8    Application of Reserve Fund and Available Subordinated Amount........ 26
SECTION 4.9    Investor Charge-Offs................................................. 27
SECTION 4.10   Excess Servicing..................................................... 28
SECTION 4.11   Excess Principal Collections......................................... 28
SECTION 4.12   Excess Funding Account............................................... 28
</TABLE>

                                       i
<PAGE>

<TABLE>
<S>                                                                                  <C>
                                   ARTICLE V
                          Distribution and Reports to
                        Series [    ] Certificateholders

SECTION 5.1    Distributions........................................................ 30
SECTION 5.2    Reports and Statements to Series [    ] Certificateholders........... 30

                                   ARTICLE VI
                           Early Amortization Events

SECTION 6.1    Additional Early Amortization Events................................. 31

                                  ARTICLE VII
                              Optional Repurchase

SECTION 7.1    Optional Repurchase.................................................. 32

                                  ARTICLE VIII
                              Final Distributions

SECTION 8.1    Sale of Certificateholders' Interest Pursuant to Section 2.3 of
                 the Agreement; Distributions Pursuant to Section 7.1 of this
                 Series Supplement or Section 2.3 or 12.2(c) of the Agreement....... 32
SECTION 8.2    Distribution of Proceeds of Sale, Disposition or Liquidation of
                 the Receivables Pursuant to Section 9.2 of the Agreement........... 33

                                   ARTICLE IX
                            Miscellaneous Provisions

SECTION 9.1    Registration of the Series [      ] Certificates under the
                 Securities Exchange Act of 1934.................................... 34
SECTION 9.2    Ratification of Agreement............................................ 34
SECTION 9.3    Counterparts......................................................... 35
SECTION 9.4    Governing Law........................................................ 35
SECTION 9.5    Limitation of Class C Certificates................................... 35
SECTION 9.6    The Trustee.......................................................... 36
SECTION 9.7    Instructions in Writing.............................................. 36
SECTION 9.8    Initial Funding of Reserve Fund...................................... 36
</TABLE>

                                      ii
<PAGE>

EXHIBITS

Exhibit A           Form of Class A Certificate
Exhibit B           Form of Class B Certificate
Exhibit C           Form of Class C Certificate
Exhibit D           Distribution Date Statement

SCHEDULES

Schedule 1     Accounts
Schedule 2     Initial Principal Amounts of Certificates

                                      iii
<PAGE>

     SERIES [    ] SUPPLEMENT dated as of [   ] (this "Series Supplement") among
DEUTSCHE FLOORPLAN RECEIVABLES, L.P., a Delaware limited partnership, as Seller,
DEUTSCHE FINANCIAL SERVICES CORPORATION, a Nevada corporation, as Servicer, and
[    ] as Trustee.

     Pursuant to Section 6.3 of the Pooling and Servicing Agreement, dated as of
December 1, 1993, amended and restated as of March 1, 1994, further amended as
of January 24, 1996 and amended and restated as of October 1, 1996 (as amended
and supplemented, the "Agreement"), among the Seller, the Servicer and the
Trustee, the Seller may from time to time direct the Trustee to issue, on behalf
of the Trust, one or more new Series of Investor Certificates.  The Principal
Terms of any new Series are to be set forth in a Supplement to the Agreement.

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

                                   ARTICLE I

                  Creation of the Series [    ] Certificates
                  ------------------------------------------

     SECTION 1.1   Designation.  (a) There is hereby created a Series of
                   -----------
Investor Certificates to be issued pursuant to the Agreement and this Series
Supplement to be known as the "Floating Rate Asset Backed Certificates, Series [
]," which shall consist of three Classes to be known, respectively, as the
"Floating Rate Asset Backed Certificates, Series [    ], Class A," "Floating
Rate Asset Backed Certificates, Series [    ], Class B" and "Floating Rate Asset
Backed Certificates, Series [    ], Class C."

     (b) In the event that any term or provision contained herein shall conflict
with or be inconsistent with any term or provision contained in the Agreement,
the terms and provisions of this Series Supplement shall govern.

                                  ARTICLE II

                                  Definitions
                                  -----------

     SECTION 2.1   Definitions.  (a) Whenever used in this Series Supplement
                   -----------
the following words and phrases shall have the following meanings:

     "Accumulation Period" shall mean [          ].
      -------------------

     "Accumulation Period Commencement Date" shall mean the date which is the
      -------------------------------------
first day of the [specify month and year] Collection Period; provided, however,
                                                             --------  -------
that upon written notice to the Trustee, the Servicer may elect to postpone the
Accumulation Period Commencement Date such that the number of months included in
the Accumulation Period shall equal or exceed the Accumulation Period Length;
provided further, however, that such election shall only be
-------- -------  -------
<PAGE>

permitted if the Accumulation Period Length is less than four months; provided
                                                                      --------
further, however, that the Accumulation Period Commencement Date shall not be
-------  -------
postponed beyond the first day of the [specify month and year] Collection
Period.

     "Accumulation Period Length" shall mean [   ].
      --------------------------

     "Additional Early Amortization Event" shall have the meaning specified in
      -----------------------------------
Section 6.1.

     "Additional Interest" shall mean the sum of the Class A Additional
      -------------------
Interest, the Class B Additional Interest and the Class C Additional Interest.

     "Adjustment Date" shall mean, with respect to any Interest Period, the
      ---------------
second London Business Day prior to the Interest Payment Date preceding such
Interest Period (and with respect to an Interest Period commencing on an
Interest Payment Date, the second London Business Day preceding such Interest
Payment Date); provided that with respect to the first Interest Period and each
               --------
other Interest Period prior to the first Interest Payment Date, the Adjustment
Date shall be [             ].

     "Allocable Miscellaneous Payments" shall mean, with respect to any
      --------------------------------
Distribution Date, the product of (a) the Series [    ] Allocation Percentage
for the related Collection Period and (b) Miscellaneous Payments with respect to
the related Collection Period.

     "Available Investor Principal Collections" shall mean, with respect to any
      ----------------------------------------
Distribution Date, the sum of (a) an amount equal to Investor Principal
Collections for such Distribution Date, (b) Allocable Miscellaneous Payments
with respect to such Distribution Date and (c) on the Termination Date, any
funds in the Reserve Fund after giving effect to Section 4.8.

     "Available Seller's Collections" shall mean, with respect to any Deposit
      ------------------------------
Date, the sum of (a) the Available Seller's Non-Principal Collections for such
Deposit Date and (b) the Available Seller's Principal Collections for such
Deposit Date; provided, however, that the Available Seller's Collections shall
              --------  -------
be zero for any Collection Period with respect to which the Available
Subordinated Amount is zero on the Determination Date immediately following the
end of such Collection Period.

     "Available Seller's Non-Principal Collections" shall mean, with respect to
      --------------------------------------------
any Deposit Date, an amount equal to the result obtained by multiplying (a) the
excess of (i) the Seller's Percentage for the related Collection Period over
(ii) the Excess Seller's Percentage for such Collection Period by (b) Non-
Principal Collections for such Deposit Date.

     "Available Seller's Principal Collections" shall mean, with respect to any
      ----------------------------------------
Deposit Date, an amount equal to the result obtained by multiplying (a) the
excess of (i) the Seller's Percentage for the related Collection Period over
(ii) the Excess Seller's Percentage for such Collection Period by (b) Principal
Collections for such Deposit Date.

                                       2
<PAGE>

     "Available Subordinated Amount" shall mean, for the first Determination
      -----------------------------
Date, an amount equal to [   ].  The "Available Subordinated Amount" for any
subsequent Determination Date shall mean an amount equal to (i) [             ]
minus (ii) the aggregate of the Required Subordination Draw Amounts for all
-----
preceding Distribution Dates to the extent provided in Section 4.8.

     "Carry-over Amount" shall mean the sum of the Class A Carry-over Amount,
      -----------------
the Class B Carry-over Amount and the Class C Carry-over Amount.

     "Certificateholders" shall mean, collectively, the Class A
      ------------------
Certificateholders, the Class B Certificateholders and the Class C
Certificateholders.

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

     "Certificates" shall mean, collectively, the Class A Certificates, the
      ------------
Class B Certificates and the Class C Certificates.

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

     "Class A Carry-over Amount" shall mean, with respect to a Distribution Date
      -------------------------
for which the Class A Certificate Rate is equal to the per annum rate in clause
(ii) of the definition of Class A Certificate Rate, an amount equal to the
excess of (a) the amount equal to the Class A Monthly Interest for such
Distribution Date calculated as if the Class A Certificate Rate for such
Distribution Date were equal to the per annum rate in clause (i) of the
definition of Class A Certificate Rate over (b) the Class A Monthly Interest for
such Distribution Date.

     "Class A Certificate Rate" shall mean, for an Interest Period and the
      ------------------------
Distribution Date immediately following such Interest Period, a rate per annum
equal to the lesser of (i) LIBOR plus [     ] basis points [    ]% per annum and
(ii) the related Net Receivables Rate.

     "Class A Certificateholders" shall mean the Holders of Class A
      --------------------------
Certificates.

     "Class A Certificates" shall mean any one of the "Floating Rate Asset
      --------------------
Backed Certificates, Series [    ], Class A" executed by the Seller and
authenticated by the Trustee, substantially in the form of Exhibit A.
                                                           ---------

     "Class A Initial Invested Amount" shall mean, for any date, the initial
      -------------------------------
principal amount of the Class A Certificates, which is set forth in Schedule 2,
                                                                    ----------
plus (x) the product of (i) the Class A Percentage multiplied by (ii) the amount
----
of any withdrawals from the Excess Funding Account in connection with an
increase in Pool Balance since the Closing Date, minus (y) the product of (i)
                                                 -----
the Class A Percentage multiplied by (ii) the amount of any additions to the
Excess Funding Account in connection with a reduction in the Pool Balance since
the Closing Date.

                                       3
<PAGE>

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

     "Class A Invested Amount" shall mean, for any date, an amount equal to the
      -----------------------
sum of (a)(i) the Class A Initial Invested Amount, minus (ii) the aggregate
                                                   -----
amount of principal payments made to Class A Certificateholders prior to such
date, minus (iii) the aggregate amount of all unreimbursed Class A Investor
      -----
Charge-Offs.

     "Class A Investor Charge-Off" shall have the meaning specified in Section
      ---------------------------
4.9.

     "Class A Monthly Interest" on any Distribution Date shall be an amount
      ------------------------
equal to the product of (i) the Class A Certificate Rate, (ii) a fraction the
numerator of which is the actual number of days in the related Interest Period
and the denominator of which is 360, and (iii) (A) the outstanding principal
balance of the Class A Certificates as of the close of business on the preceding
Distribution Date (after giving effect to all repayments of principal made to
Class A Certificateholders on such preceding Distribution Date, if any) or (B)
in the case of the first Distribution Date with respect to Series [    ], the
initial principal amount of the Class A Certificates as set forth in Schedule 2.
                                                                     ----------

     "Class A Percentage" shall mean the percentage equivalent of a fraction,
      ------------------
the numerator of which is the outstanding principal balance of the Class A
Certificates and the denominator of which is the outstanding principal balance
of all Certificates.

     "Class A Pool Factor" shall mean, with respect to any Determination Date, a
      -------------------
number carried out to eleven decimals representing the ratio of the outstanding
principal amount of the Class A Certificates as of such Determination Date
(determined after taking into account any increases or decreases in the Class A
Invested Amount which will occur on the following Distribution Date) to the
initial principal amount of the Class A Certificates.

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

     "Class B Carry-over Amount" shall mean, with respect to a Distribution Date
      -------------------------
for which the Class B Certificate Rate is equal to the per annum rate in clause
(ii) of the definition of Class B Certificate Rate, an amount equal to the
excess of (a) the amount equal to the Class B Monthly Interest for such
Distribution Date calculated as if the Class B Certificate Rate for such
Distribution Date were equal to the per annum rate in clause (i) of the
definition of Class B Certificate Rate over (b) the Class B Monthly Interest for
such Distribution Date.

     "Class B Certificate Rate" shall mean, for an Interest Period and the
      ------------------------
Distribution Date immediately following such Interest Period, a rate per annum
equal to the lesser of (i) LIBOR plus [    ] basis points [    ]% per annum and
(ii) the related Net Receivables Rate.

     "Class B Certificateholders" shall mean the Holders of Class B
      --------------------------
Certificates.

                                       4
<PAGE>

     "Class B Certificates" shall mean any one of the "Floating Rate Asset
      --------------------
Backed Certificates, Series [    ], Class B" executed by the Seller and
authenticated by the Trustee, substantially in the form of Exhibit B.
                                                           ---------

     "Class B Initial Invested Amount" shall mean, for any date, the initial
      -------------------------------
principal amount of the Class B Certificates, which is set forth in Schedule 2,
                                                                    ----------
plus (x) the product of (i) the Class B Percentage multiplied by (ii) the amount
----
of any withdrawals from the Excess Funding Account in connection with an
increase in Pool Balance since the Closing Date, minus (y) the product of (i)
                                                 -----
the Class B Percentage multiplied by (ii) the amount of any additions to the
Excess Funding Account in connection with a reduction in the Pool Balance since
the Closing Date.

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

     "Class B Invested Amount" shall mean, for any date, an amount equal to the
      -----------------------
sum of (a)(i) the Class B Initial Invested Amount, minus (ii) the aggregate
                                                   -----
amount of principal payments made to Class B Certificateholders prior to such
date, minus (iii) the aggregate amount of all unreimbursed Class B Investor
      -----
Charge-Offs.

     "Class B Investor Charge-Off" shall have the meaning specified in Section
      ---------------------------
4.9.

     "Class B Monthly Interest" on any Distribution Date shall be an amount
      ------------------------
equal to the product of (i) the Class B Certificate Rate, (ii) a fraction the
numerator of which is the actual number of days in the related Interest Period
and the denominator of which is 360, and (iii) (A) the outstanding principal
balance of the Class B Certificates as of the close of business on the preceding
Distribution Date (after giving effect to all repayments of principal made to
Class B Certificateholders on such preceding Distribution Date, if any) or (B)
in the case of the first Distribution Date with respect to Series [    ], the
initial principal amount of the Class B Certificates as set forth in Schedule 2.
                                                                     ----------

     "Class B Percentage" shall mean the percentage equivalent of a fraction,
      ------------------
the numerator of which is the outstanding principal balance of the Class B
Certificates and the denominator of which is the outstanding principal balance
of all Certificates.

     "Class B Pool Factor" shall mean, with respect to any Determination Date, a
      -------------------
number carried out to eleven decimals representing the ratio of the outstanding
principal amount of the Class B Certificates as of such Determination Date
(determined after taking into account any increases or decreases in the Class B
Invested Amount which will occur on the following Distribution Date) to the
initial principal amount of the Class B Certificates.

     "Class C Additional Interest" shall have the meaning specified in Section
      ---------------------------
4.2(a).

     "Class C Carry-over Amount" shall mean, with respect to a Distribution Date
      -------------------------
for which the Class C Certificate Rate is equal to the per annum rate in clause
(ii) of the definition of Class C Certificate Rate, an amount equal to the
excess of (a) the amount equal to the Class C

                                       5
<PAGE>

Monthly Interest for such Distribution Date calculated as if the Class C
Certificate Rate for such Distribution Date were equal to the per annum rate in
clause (i) of the definition of Class C Certificate Rate over (b) the Class C
Monthly Interest for such Distribution Date.

     "Class C Certificate Rate" shall mean, for an Interest Period and the
      ------------------------
Distribution Date immediately following such Interest Period, a rate per annum
equal to the lesser of (i) LIBOR plus [         ] basis points [          ]% per
annum and (ii) the related Net Receivables Rate.

     "Class C Certificateholders" shall mean the Holders of Class C
      --------------------------
Certificates.

     "Class C Certificates" shall mean any one of the "Floating Rate Asset
      --------------------
Backed Certificates, Series [    ], Class C" executed by the Seller and
authenticated by the Trustee, substantially in the form of Exhibit C.
                                                           ---------

     "Class C Initial Invested Amount" shall mean, for any date, the initial
      -------------------------------
principal amount of the Class C Certificates, which is set forth in Schedule 2,
                                                                    ----------
plus (x) the product of (i) the Class C Percentage multiplied by (ii) the amount
----
of any withdrawals from the Excess Funding Account in connection with an
increase in Pool Balance since the Closing Date, minus (y) the product of (i)
                                                 -----
the Class C Percentage multiplied by (ii) the amount of any additions to the
Excess Funding Account in connection with a reduction in the Pool Balance since
the Closing Date.

     "Class C Interest Shortfall" shall have the meaning specified in Section
      --------------------------
4.2(a).

     "Class C Invested Amount" shall mean, for any date, an amount equal to the
      -----------------------
sum of (a) (i) the Class C Initial Invested Amount, minus (ii) the aggregate
                                                    -----
amount of principal payments made to Class C Certificateholders prior to such
date, minus (iii) the aggregate amount of all unreimbursed Class C Investor
      -----
Charge-Offs.

     "Class C Investor Charge-Off" shall have the meaning specified in Section
      ---------------------------
4.9.

     "Class C Monthly Interest" on any Distribution Date shall be an amount
      ------------------------
equal to the product of (i) the Class C Certificate Rate, (ii) a fraction the
numerator of which is the actual number of days in the related Interest Period
and the denominator of which is 360, and (iii) (A) the outstanding principal
balance of the Class C Certificates as of the close of business on the preceding
Distribution Date (after giving effect to all repayments of principal made to
Class C Certificateholders on such preceding Distribution Date, if any) or (B)
in the case of the first Distribution Date with respect to Series [    ], the
initial principal amount of the Class C Certificates as set forth in Schedule 2.
                                                                     ----------

     "Class C Percentage" shall mean the percentage equivalent of a fraction,
      ------------------
the numerator of which is the outstanding principal balance of the Class C
Certificates and the denominator of which is the outstanding principal balance
of all Certificates.

                                       6
<PAGE>

     "Class C Pool Factor" shall mean, with respect to any Determination Date, a
      -------------------
number carried out to eleven decimals representing the ratio of the outstanding
principal amount of the Class C Certificates as of such Determination Date
(determined after taking into account any increases or decreases in the Class C
Invested Amount which will occur on the following Distribution Date) to the
initial principal amount of the Class C Certificates.

     "Closing Date" shall mean [    ].
      ------------

     "Controlled Amortization Amount" shall mean the quotient obtained by
      ------------------------------
dividing the Invested Amount as of the Determination Date on which the
Accumulation Period Length is determined (after giving effect to any changes
therein on such date) by the number of months comprising the Accumulation Period
Length.

     "Controlled Distribution Amount" shall mean, for any Distribution Date with
      ------------------------------
respect to the Accumulation Period, the excess, if any, of (i) the product of
the Controlled Amortization Amount and the number of Distribution Dates from and
including the first Distribution Date during the Accumulation Period through and
including such Distribution Date over (ii) the sum of amounts on deposit in the
Excess Funding Account and the Principal Funding Account, in each case before
giving effect to any withdrawals from or deposits to such accounts on such
Distribution Date.

     "Deficiency Amount" shall have the meaning specified in Section 4.5.
      -----------------

     "Distribution Date Statement" shall have the meaning specified in Section
      ---------------------------
5.2(a).

     "Early Amortization Event" shall mean any Early Amortization Event
      ------------------------
specified in Section 9.1 of the Agreement, together with any Additional Early
Amortization Event specified in Section 6.1 of this Series Supplement.

     "Early Amortization Period" shall mean an Early Amortization Period (as
      -------------------------
defined in the Agreement) with respect to Series [    ].

     "Excess Funding Account" shall have the meaning specified in Section
      ----------------------
4.4(d).

     "Excess Principal Collections" shall mean the amounts equal to the balances
      ----------------------------
referred to as such in Sections 4.6(b)(ii) and 4.6(c)(ii).

     "Excess Seller's Percentage" shall mean, with respect to any Collection
      --------------------------
Period, a percentage (which percentage shall never be less than 0% nor more than
100%) equal to (a) when used with respect to Non-Principal Collections and
Defaulted Receivables, 100% minus the sum of (i) the Floating Allocation
                            -----
Percentage with respect to such Collection Period plus the sum of the floating
allocation percentages for all other outstanding Series of Investor Certificates
for such Collection Period and (ii) the percentage equivalent of a fraction, the
numerator of which is the sum of the Available Subordinated Amount as of the
Determination Date occurring in such

                                       7
<PAGE>

Collection Period plus the sum of the aggregate available subordinated amounts
for all other outstanding Series of Investor Certificates as of such
Determination Date (in each case, after giving effect to the allocations,
distributions, withdrawals and deposits to be made on the Distribution Date
immediately following such Determination Date), and the denominator of which is
the Pool Balance as of the last day of the immediately preceding Collection
Period or (b) when used with respect to Principal Collections, 100% minus the
                                                                    -----
sum of (i) the floating allocation percentages for all outstanding Series that
are in their revolving periods with respect to such Collection Period plus the
sum of the principal allocation percentages for all outstanding Series of
Investor Certificates that are not in their revolving periods with respect to
such Collection Period and (ii) the percentage equivalent of a fraction, the
numerator of which is the sum of the Available Subordinated Amount as of the
Determination Date occurring in such Collection Period plus the sum of the
aggregate available subordinate amounts for all other Series of Investor
Certificates as of such Determination Date (in each case, after giving effect to
the allocations, distributions, withdrawals and deposits to be made on the
Distribution Date immediately following such Determination Date), and the
denominator of which is the Pool Balance as of the last day of such immediately
preceding Collection Period.

     "Excess Servicing", shall mean, with respect to any Distribution Date, the
      ----------------
amount, if any, specified pursuant to Section 4.6(a)(ix), with respect to such
Distribution Date.

     "Expected Final Payment Date" shall mean the [   ] Distribution Date.
      ---------------------------

     "Floating Allocation Percentage" shall mean, with respect to any Collection
      ------------------------------
Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, the numerator of which is the Invested Amount as of the last day of
the immediately preceding Collection Period and the denominator of which is the
Pool Balance as of such last day; provided, however, that, with respect to the
                                  --------  -------
first Collection Period, the Floating Allocation Percentage shall mean the
percentage equivalent of a fraction, the numerator of which is the sum of the
initial principal balances of the Certificates and the denominator of which is
the Pool Balance on the Series [  ] Cut-Off Date.

     "Initial Invested Amount" shall equal the sum of the Class A Initial
      -----------------------
Invested Amount, the Class B Initial Invested Amount and the Class C Initial
Invested Amount.

     "Interest Funding Account" shall have the meaning specified in Section
      ------------------------
4.4(b).

     "Interest Payment Date" shall mean the Distribution Date in each January,
      ---------------------
April, July and October or, if such day is not a Business Day, the next Business
Day; provided, however, that during an Early Amortization Period, "Interest
     --------  -------
Payment Date" shall have the meaning assigned to the term "Distribution Date" in
the Agreement; provided further, however, that unless an Early Amortization
               ----------------  -------
Period shall have occurred prior to the Distribution Date in [specify month and
year], the first Interest Payment Date shall be [        ].

                                       8
<PAGE>

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

     "Invested Amount" shall mean, for any date, the sum of the Class A Invested
      ---------------
Amount, the Class B Invested Amount and the Class C Invested Amount.

     "Investment Proceeds" shall mean, with respect to any Distribution Date,
      -------------------
all interest and other investment earnings (net of losses and investment
expenses) on funds on deposit in the Series [    ] Accounts, together with an
amount equal to the Series [    ] Allocation Percentage of the interest and
other investment earnings on funds held in the Collection Account credited as of
the related Determination Date to the Collection Account pursuant to Section 4.2
of the Agreement.

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

     "Investor Non-Principal Collections" shall mean, with respect to any
      ----------------------------------
Distribution Date, an amount equal to the product of (i) the Floating Allocation
Percentage for the related Collection Period and (ii) Non-Principal Collections
deposited in the Collection Account for the related Collection Period.

     "Investor Principal Collections" shall mean, with respect to any
      ------------------------------
Distribution Date, the sum of (a) the product of (i) the Floating Allocation
Percentage, with respect to the Revolving Period, or the Principal Allocation
Percentage, with respect to the Accumulation Period or an Early Amortization
Period, for the related Collection Period (or any partial Collection Period
which occurs as the first Collection Period during an Early Amortization
Period), and (ii) Principal Collections for the related Collection Period (or
any partial Collection Period which occurs as the first Collection Period during
an Early Amortization Period) and (b) the amount, if any, of Non-Principal
Collections, funds in the Reserve Fund, Excess Servicing and Available Seller's
Collections to be allocated in each case to cover the Investor Default Amount or
reimburse Class A, Class B or Class C Investor Charge-Offs pursuant to Section
4.6(a)(vi), 4.6(a)(vii) or 4.8(b) (to the extent Section 4.8(b) relates to a
shortfall in distributions pursuant to Section 4.6(a)(vi) on such Distribution
Date); provided that in the case of clause (a), if for any Distribution Date the
       --------
sum of the Floating Allocation Percentage (if the Revolving Period is in
effect), the Principal Allocation Percentage (if the Early Amortization Period
or the Accumulation Period is in effect), the floating allocation percentages
for all other outstanding Series of Investor Certificates in their revolving
periods and the principal allocation percentages for all other outstanding
Series of Investor Certificates in their early amortization or accumulation
periods exceeds 100%, then Principal Collections shall be allocated among all
Series (including Series [    ]) pro rata on the basis of such floating
allocation percentages and principal allocation percentages.

                                       9
<PAGE>

     "LIBOR" shall mean, with respect to any Interest Period, the offered rates
      -----
for deposits in United States dollars having a maturity of three months (the
"Index Maturity") commencing on the related Adjustment Date which appears on the
Telerate Page 3750 as of approximately 11:00 A.M., London time, on such date of
calculation as determined by the Trustee.  If at least two such offered rates
appear on the Telerate Page 3750, LIBOR will be the arithmetic mean (rounded
upwards, if necessary, to the nearest one-sixteenth of a percent) of such
offered rates.  If fewer than two such quotations appear, LIBOR with respect to
such Interest Period will be determined at approximately 11:00 A.M., London
time, on such Adjustment Date on the basis of the rate at which deposits in
United States dollars having the Index Maturity are offered to prime banks in
the London interbank market by four major banks in the London interbank market
selected by the Trustee and in a principal amount equal to an amount of not less
than U.S. $1,000,000 and that is representative for a single transaction in such
market at such time.  The Trustee will request the principal London office of
each of such banks to provide a quotation of its rate.  If at least two such
quotations are provided, LIBOR will be the arithmetic mean (rounded upwards as
aforesaid) of such quotations. If fewer than two quotations are provided, LIBOR
with respect to such Interest Period will be the arithmetic mean (rounded
upwards as aforesaid) of the rates quoted at approximately 11:00 A.M., New York
City time, on such Adjustment Date by three major banks in New York, New York
selected by the Trustee for loans in United States dollars to leading European
banks having the Index Maturity and in a principal amount equal to an amount of
not less than U.S. $1,000,000 and that is representative for a single
transaction in such market at such time; provided, however, that if the banks
                                         --------  -------
selected as aforesaid are not quoting as mentioned in this sentence, LIBOR in
effect for the applicable period will be LIBOR in effect for the previous
period; provided, further, however, that on any Adjustment Date during the Early
        --------  -------  -------
Amortization Period, the "Index Maturity" shall equal one month.

     "London Business Day" shall mean any business day on which dealings in
      -------------------
deposits in United States dollars are transacted in the London interbank market.

     "Monthly Interest" shall have the meaning specified in Section 4.2.
      ----------------

     "Monthly Principal" shall have the meaning specified in Section 4.3.
      -----------------

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

     "Net Receivables Rate" shall mean, with respect to each Distribution Date
      --------------------
immediately following an Interest Period, (i) the weighted average of the
interest rates borne by the Receivables during the second Collection Period
preceding such Distribution Date (interest payments on the Receivables at such
rates generally being due and payable in the Collection Period preceding such
Distribution Date) plus (ii) the product of (x) the Monthly Payment Rate for the
                   ----
Collection Period preceding such Distribution Date, (y) the Discount Factor for
such Distribution Date and (z) twelve less (iii) [ ]% per annum, unless the
                                      ----
Servicing Fee has been waived for such Collection Period.

                                       10
<PAGE>

     "Principal Allocation Percentage" shall mean, with respect to any
      -------------------------------
Collection Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Invested Amount as of
the last day of the Revolving Period and the denominator of which is the Pool
Balance as of the last day of the immediately preceding Collection Period;
provided, however, that with respect to that portion of any Collection Period
--------  -------
that falls after the date on which any Early Amortization Event occurs (other
than an Early Amortization Event which has resulted in an Early Amortization
Period which has ended as described in clause (c) of the definition of Early
Amortization Period in the Agreement), the Principal Allocation Percentage shall
be reset using the Pool Balance as of the close of business on the date on which
such Early Amortization Event shall have occurred and Principal Collections
shall be allocated for such portion of such Collection Period using such reset
Principal Allocation Percentage.

     "Principal Funding Account" shall have the meaning specified in Section
      -------------------------
4.4(c).

     "Private Holder" shall mean each holder of a right to receive interest or
      --------------
principal in respect of any direct or indirect interest in the Trust, including
any financial instrument or contract the value of which is determined in whole
or part by reference to the Trust (including the Trust's assets, income of the
Trust or distributions made by the Trust), excluding any interest in the Trust
represented by any Series or Class of Certificates or any other interests as to
which the Trustee has received an Opinion of Counsel to the effect that such
Series, Class or other interest will be treated as debt or otherwise not as an
equity interest in either the Trust or the Receivables for federal income tax
purposes (unless such interest is convertible or exchangeable into an interest
in the Trust or the Trust's income or such interest provides for payment of
equivalent value).  Notwithstanding the immediately preceding sentence, "Private
Holder" shall also include any other Person that the Seller determines is a
"partner" within the meaning of Section 1.7704-1(h)(1)(ii) of the U.S. Treasury
Regulations (including by reason of Section 1.7704-1(h)(3)) or any successor
provision of law.  Any Person holding more than one interest in the Trust, each
of which separately would cause such Person to be a Private Holder, shall be
treated as a single Private Holder.  Each holder of an interest in a Private
Holder which is a partnership, S corporation or a grantor trust under the
Internal Revenue Code shall be treated as a Private Holder unless excepted with
the consent of the Seller (which consent shall be based on an Opinion of Counsel
generally to the effect that the action taken pursuant to the consent will not
cause the Trust to become a publicly traded partnership treated as a
corporation).  Notwithstanding anything to the contrary herein, each Class C
Certificateholder shall be considered to be a Private Holder.

     "Reassignment Amount" shall mean, with respect to any Distribution Date,
      -------------------
after giving effect to any deposits and distributions otherwise to be made on
such Distribution Date, the sum of (i) the Invested Amount on such Distribution
Date, (ii) accrued and unpaid interest on the unpaid principal balance of the
Series [    ] Certificates and (iii) the amount of Additional Interest, if any,
for such Distribution Date and any Additional Interest previously due but not
distributed to the Series [    ] Certificateholders on a prior Distribution
Date.

                                       11
<PAGE>

     "Required Participation Percentage" shall mean, with respect to Series [
      ---------------------------------
], [ ]%; provided, however, that the Seller may, upon 10 days' prior notice to
         --------  -------
the Trustee, each Rating Agency and any Enhancement Provider, reduce the
Required Participation Percentage to a percentage which shall not be less than
100%; provided that the Rating Agency Condition is satisfied.
      --------

     "Required Subordination Draw Amount" shall mean, for a Distribution Date,
      ----------------------------------
the lesser of (x) the Deficiency Amount and (y) the Available Subordinated
Amount for the related Determination Date.

     "Reserve Fund" shall have the meaning specified in Section 4.4(a).
      ------------

     "Reserve Fund Deposit Amount" shall mean, with respect to any Distribution
      ---------------------------
Date, the amount, if any, by which (i) the Reserve Fund Required Amount for such
Distribution Date exceeds (ii) the amount of funds in the Reserve Fund after
giving effect to any withdrawals therefrom on such Distribution Date.

     "Reserve Fund Required Amount" shall mean, with respect to any Distribution
      ----------------------------
Date, an amount equal to the product of (a) [     ] percent ([ ]%) and (b) the
aggregate outstanding principal balance of the Certificates as of such
Distribution Date (after giving effect to any changes therein on such
Distribution Date).

     "Revolving Period" shall mean the period beginning at the close of business
      ----------------
on the Business Day immediately preceding the Closing Date and ending on the
earlier of (a) the close of business on the day immediately preceding the
Accumulation Period Commencement Date, and (b) the close of business on the day
an Early Amortization Period commences; provided, however, that, if any Early
                                        --------  -------
Amortization Period ends as described in clause (c) of the definition of Early
Amortization Period in the Agreement, the Revolving Period will recommence as of
the close of business on the day such Early Amortization Period ends.

     "Seller's Collections" shall mean, with respect to any Collection Period,
      --------------------
the sum of (a) the Seller's Percentage of Non-Principal Collections for the
related Collection Period, plus (b) the Seller's Percentage of Principal
                           ----
Collections for the related Collection Period.

     "Seller's Percentage" for any Collection Period shall mean (i) with respect
      -------------------
to Non-Principal Collections and Defaulted Receivables, 100% minus the aggregate
                                                             -----
of the floating allocation percentages for each outstanding Series and (ii) with
respect to Principal Collections, 100% minus the sum of (a) the aggregate of the
                                       -----
floating allocating percentages for all Series in their revolving periods and
(b) the aggregate of the principal allocation percentages for all Series that
are not in their revolving periods, but in any case shall not be less than 0%.

     "Series [    ]" shall mean the Series of Investor Certificates, the terms
      -------------
of which are specified in this Series Supplement.

                                       12
<PAGE>

     "Series [    ] Accounts" shall have the meaning specified in Section
      ----------------------
4.4(e).

     "Series [    ] Allocation Percentage" for a Collection Period shall mean
      -----------------------------------
the percentage equivalent of a fraction, the numerator of which is the Invested
Amount on the last Business Day preceding such Collection Period and the
denominator of which is the Trust Invested Amount on the last Business Day
preceding such Collection Period.

     "Series [    ] Certificateholders"  shall mean, collectively, the Class A
      --------------------------------
Certificateholders, the Class B Certificateholders and the Class C
Certificateholders.

     "Series [    ] Certificateholders' Interest" shall mean that portion of the
      ------------------------------------------
Certificateholders' Interest evidenced by the Series [    ] Certificates.

     "Series [    ] Certificates"  shall mean, collectively, the Class A
      --------------------------
Certificates, the Class B Certificates and the Class C Certificates.

     "Series [    ] Cut-Off Date" shall mean [                 ].
      --------------------------

     "Series [    ] Excess Principal Collection" shall mean that portion of
      -----------------------------------------
Excess Principal Collections allocated to Series [    ] pursuant to Section
4.11.

     "Series [    ] Principal Shortfall" with respect to any Distribution Date,
      ---------------------------------
shall equal the excess of (i) (x) for any Distribution Date with respect to the
Accumulation Period, the Controlled Distribution Amount or (y) for any
Distribution Date with respect to an Early Amortization Period, the Invested
Amount, over (ii) Available Investor Principal Collections for such Distribution
Date (excluding any portion thereof attributable to Excess Principal
Collections).

     "Servicing Fee Rate" shall mean, with respect to Series [    ], [    ]% or,
      ------------------
for any Distribution Date in respect of which the Monthly Servicing Fee has been
waived, 0%.

     "Special Payment Date" shall mean each Distribution Date with respect to an
      --------------------
Early Amortization Period (other than an Early Amortization Period that has
ended as described in clause (c) of the definition of Early Amortization Period
in the Agreement).

     "Telerate Page 3750" shall mean the display designated as page 3750 on
      ------------------
Telerate (or such other page as may replace such page on that service for the
purpose of displaying London interbank offered rates of major banks).

     "Termination Date" shall mean the [specify month and year] Distribution
      ----------------
Date.

     "Termination Proceeds" shall mean any proceeds arising out of a sale of
      --------------------
Receivables (or interests therein) pursuant to Section 12.2(c) of the Agreement
with respect to Series [    ].

                                       13
<PAGE>

     (b) Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, the term "Rating Agency" shall mean, whenever used in this Series
Supplement or the Agreement with respect to Series [    ], Standard & Poor's,
Moody's and Fitch's.  As used in this Series Supplement and in the Agreement
with respect to Series [    ], "highest investment category" shall mean (i) in
the case of Standard & Poor's, AAA and A-1+, as applicable, (ii) in the case of
Moody's, Aaa and P-1, as applicable, and (iii) in the case of Fitch, AAA and F-
1+, as applicable.

     (c) All capitalized terms used herein and not otherwise defined herein have
the meanings ascribed to them in the Agreement.  The definitions in Section 2.1
are applicable to the singular as well as the plural forms of such terms and to
the masculine as well as to the feminine and neuter genders of such terms.

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

                                  ARTICLE III

                                 Servicing Fee
                                 -------------

     SECTION 3.1  Servicing Compensation.  The monthly servicing fee (the
                  ----------------------
"Monthly Servicing Fee") shall be payable to the Servicer, in arrears, on each
Distribution Date in respect of any Collection Period (or portion thereof)
occurring prior to the earlier of the first Distribution Date following the
Termination Date and the first Distribution Date on which the Invested Amount is
zero, in an amount equal to one-twelfth of the product of (a) the Servicing Fee
Rate and (b) the Series [    ] Allocation Percentage of the Pool Balance as of
the last day of the second Collection Period preceding such Distribution Date
(or with respect to the first Distribution Date for Series [   ], as of the
Closing Date).  The share of the Servicing Fee allocable to the Series [    ]
Certificateholders with respect to any Distribution Date (the
"Certificateholders' Monthly Servicing Fee") shall be equal to one-twelfth of
the product of (a) the Servicing Fee Rate and (b) the Invested Amount as of the
last day of the Collection Period second preceding such Distribution Date;
provided, however, that with respect to the first Distribution Date for Series [
--------  -------
], clause (b) of this sentence shall be deemed to refer only to the sum of the
initial principal amounts of the Certificates. Notwithstanding the foregoing,
with respect to the first Distribution Date for Series [    ], each reference in
the preceding sentences of this Section to one-twelfth will be deemed to be
replaced by a fraction, the numerator of which is the number of days from but
excluding the Closing Date to and including the last day of the month in which
the Closing Date occurs and the denominator of which is 360.

                                       14
<PAGE>

     The remainder of the Monthly Servicing Fee shall be paid by the Seller and
in no event shall the Trust, the Trustee or the Series [    ] Certificateholders
be liable for the share of the Monthly Servicing Fee to be paid by the Seller;
and the remainder of the Servicing Fee shall be paid by the Seller and the
Investor Certificateholders of other Series and the Series [    ]
Certificateholders shall in no event be liable for the share of the Servicing
Fee to be paid by the Seller or the Investor Certificateholders of other Series.
The Certificateholders' Monthly Servicing Fee shall be payable to the Servicer
solely to the extent amounts are available for distribution in accordance with
the terms of this Series Supplement.

     The Servicer will be permitted, in its sole discretion, to waive the
Monthly Servicing Fee for any Distribution Date by notice to the Trustee on or
before the related Determination Date; provided that the Servicer believes that
                                       --------
sufficient Collections of Non-Principal Receivables will be available on any
future Distribution Date to pay the Certificateholders' Monthly Servicing Fee
relating to the waived Monthly Servicing Fee.  If the Servicer so waives the
Monthly Servicing Fee for any Distribution Date, the Monthly Servicing Fee and
the Certificateholders' Monthly Servicing Fee for such Distribution Date shall
be deemed to be zero for all purposes of this Series Supplement and the
Agreement; provided, however, that such Certificateholders' Monthly Servicing
           --------  -------
Fee shall be paid on a future Distribution Date solely to the extent amounts are
available therefor pursuant to Section 4.10(a); provided further, however, that,
                                                -------- -------  -------
to the extent any such waived Certificateholders' Monthly Servicing Fee is so
paid, the related portion of the Monthly Servicing Fee to be paid by the Seller
shall be paid by the Seller to the Servicer.

                                  ARTICLE IV

                Rights of Series [    ] Certificateholders and
                ----------------------------------------------
                   Allocation and Application of Collections
                   -----------------------------------------

     SECTION 4.1  Allocations; Payments to Seller.  (a) Subject to Section
                  -------------------------------
4.3(c) of the Agreement, Collections of Non-Principal Receivables and Principal
Receivables, Miscellaneous Payments and Defaulted Amounts, as they relate to
Series [    ], shall be allocated and distributed as set forth in this Article
IV.

     (b) The Servicer shall instruct the Trustee to withdraw from the Collection
Account and pay to the Seller on the dates set forth below the following amounts
(to the extent, if any, that the Seller's Collections have been deposited into
the Collection Account):

     (i)  on each Deposit Date:

          (A) an amount equal to the Excess Seller's Percentage for the related
     Collection Period of Non-Principal Collections deposited in the Collection
     Account for such Deposit Date; and

                                       15
<PAGE>

           (B) an amount equal to the Excess Seller's Percentage for the related
     Collection Period of Principal Collections deposited in the Collection
     Account for such Deposit Date, if the Seller's Participation Amount
     (determined after giving effect to any Principal Receivables transferred to
     the Trust on such Deposit Date) exceeds the Trust Available Subordinated
     Amount for the immediately preceding Determination Date (after giving
     effect to the allocations, distributions, withdrawals and deposits to be
     made on the Distribution Date immediately following such Determination
     Date); and

     (ii)  on each Deposit Date with respect to the Revolving Period or the
revolving period for any other Series of Investor Certificates, an amount equal
to the Available Seller's Principal Collections for such Deposit Date, if the
Seller's Participation Amount (determined after giving effect to any Principal
Receivables transferred to the Trust on such Deposit Date) exceeds the Trust
Available Subordinated Amount for the immediately preceding Determination Date
(after giving effect to the allocations, distributions, withdrawals, and
deposits to be made on the Distribution Date immediately following such Deposit
Date).

     The withdrawals to be made from the Collection Account pursuant to this
Section 4.1(b) do not apply to deposits into the Collection Account that do not
represent Collections, including Miscellaneous Payments, payment of the purchase
price for the Certificateholders' Interest pursuant to Section 2.3 of the
Agreement, payment of the purchase price for the Series [    ]
Certificateholders' Interest pursuant to Section 7.1 of this Series Supplement
and proceeds from the sale, disposition or liquidation of Receivables pursuant
to Section 9.2 or 12.2 of the Agreement.

     SECTION 4.2  Monthly Interest; Determination of Certificate Rate.  (a)
                  ---------------------------------------------------
"Monthly Interest" with respect to the Series [    ] Certificates on any
Distribution Date shall be an amount equal to the sum of the Class A Monthly
Interest, the Class B Monthly Interest and the Class C Monthly Interest.
Interest on the respective outstanding principal balance of each Class of
Certificates will accrue at the Class A Certificate Rate, Class B Certificate
Rate or Class C Certificate Rate, as applicable, and will be payable to
Certificateholders on the applicable Interest Payment Date.

     On the Determination Date preceding each Interest Payment Date, the
Servicer shall determine the excess, if any (the "Class A Interest Shortfall"),
of (x) the sum of (i) the Class A Monthly Interest for the Interest Period
applicable to such Interest Payment Date plus (ii) the Class A Monthly Interest
for each Interest Period applicable to each other Distribution Date, if any,
occurring after the immediately preceding Interest Payment Date (or with respect
to the first Interest Payment Date, after the Closing Date) over (y) the amount
which will be available to be paid to the Class A Certificateholders from the
Interest Funding Account on such Interest Payment Date in respect thereof
pursuant to this Series Supplement.  If, as of any Interest Payment Date, an
amount covering any Class A Interest Shortfall for any prior Interest Payment
Date shall not have been deposited into the Interest Funding Account, then an
additional amount ("Class A Additional Interest") equal to the product of (i)
the Class A Certificate Rate, (ii) a fraction the numerator of which is the
actual number of days in the period from and including

                                       16
<PAGE>

such prior Interest Payment Date to but excluding the current Interest Payment
Date and the denominator of which is 360, and (iii) such Class A Interest
Shortfall (or the portion thereof which has not been paid or deposited in the
Interest Funding Account), shall be payable as set forth in Section 4.7 with
respect to the Class A Certificates. Notwithstanding anything to the contrary
herein, Class A Additional Interest shall be payable to the Interest Funding
Account or distributed to Class A Certificateholders only to the extent
permitted by applicable law.

     On the Determination Date preceding each Interest Payment Date, the
Servicer shall determine the excess, if any (the "Class B Interest Shortfall"),
of (x) the sum of (i) the Class B Monthly Interest for the Interest Period
applicable to such Interest Payment Date plus (ii) the Class B Monthly Interest
for each Interest Period applicable to each other Distribution Date, if any,
occurring after the immediately preceding Interest Payment Date (or with respect
to the first Interest Payment Date, after the Closing Date) over (y) the amount
which will be available to be paid to the Class B Certificateholders from the
Interest Funding Account on such Interest Payment Date in respect thereof
pursuant to this Series Supplement.  If, as of  any Interest Payment Date, an
amount covering any Class B Interest Shortfall for any prior Interest Payment
Date shall not have been deposited into the Interest Funding Account, then an
additional amount ("Class B Additional Interest") equal to the product of (i)
the Class B Certificate Rate, (ii) a fraction the numerator of which is the
actual number of days in the period from and including such prior Interest
Payment Date to but excluding the current Interest Payment Date and the
denominator of which is 360, and (iii) such Class B Interest Shortfall (or the
portion thereof which has not been paid or deposited in the Interest Funding
Account), shall be payable as set forth in Section 4.7 with respect to the Class
B Certificates.  Notwithstanding anything to the contrary herein, Class B
Additional Interest shall be payable to the Interest Funding Account or
distributed to Class B Certificateholders only to the extent permitted by
applicable law.

     On the Determination Date preceding each Interest Payment Date, the
Servicer shall determine the excess, if any (the "Class C Interest Shortfall"),
of (x) the sum of (i) the Class C Monthly Interest for the Interest Period
applicable to such Interest Payment Date plus (ii) the Class C Monthly Interest
for each Interest Period applicable to each other Distribution Date, if any,
occurring after the immediately preceding Interest Payment Date (or with respect
to the first Interest Payment Date, after the Closing Date) over (y) the amount
which will be available to be paid to the Class C Certificateholders from the
Interest Funding Account on such Interest Payment Date in respect thereof
pursuant to this Series Supplement.  If, as of any Interest Payment Date, an
amount covering any Class C Interest Shortfall for any prior Interest Payment
Date shall not have been deposited into the Interest Funding Account, then an
additional amount ("Class C Additional Interest") equal to the product of (i)
the Class C Certificate Rate, (ii) a fraction the numerator of which is the
actual number of days in the period from and including such prior Interest
Payment Date to but excluding the current Interest Payment Date and the
denominator of which is 360, and (iii) such Class C Interest Shortfall (or the
portion thereof which has not been paid or deposited in the Interest Funding
Account), shall be payable as set forth in Section 4.7 with respect to the Class
C Certificates.  Notwithstanding anything to the contrary herein, Class C
Additional Interest shall be payable to the Interest Funding Account or
distributed to Class C Certificateholders only to the extent permitted by
applicable law.

                                       17
<PAGE>

     (b) The Distribution Date Statement will specify the applicable Net
Receivables Rate for the next Interest Period.  Based on such Distribution Date
Statement (and on the Trustee's calculation of LIBOR) the Trustee shall
determine the Class A, Class B and Class C Certificate Rates for each Interest
Period on the Determination Date immediately preceding each Interest Period.
The Trustee shall notify the Servicer on each Adjustment Date of the Trustee's
determination of LIBOR.  The establishment of LIBOR on each Adjustment Date (or
in the case of the date specified in the proviso to the definition of Adjustment
Date, promptly following such date) by the Trustee and the Trustee's calculation
of the Class A, Class B and Class C Certificate Rates will (in the absence of
manifest error) be final and binding.

     SECTION 4.3  Determination of Monthly Principal.  The amount of monthly
                  ----------------------------------
principal ("Monthly Principal") distributable with respect to the Series [    ]
Certificates on each Distribution Date with respect to an Early Amortization
Period and the Accumulation Period shall be equal to the Available Investor
Principal Collections with respect to such Distribution Date; provided, however,
                                                              --------  -------
that for each Distribution Date with respect to the Accumulation Period, Monthly
Principal shall not exceed the Controlled Distribution Amount for such
Distribution Date; and provided further, however, that Monthly Principal shall
                       -------- -------  -------
not exceed the outstanding principal balance of the Series [   ] Certificates.

     SECTION 4.4  Establishment of Reserve Fund and Funding Accounts.  (a)(i)
                  --------------------------------------------------
The Trustee, for the benefit of the Series [    ] Certificateholders, shall
cause to be established and maintained in the name of the Trustee, on behalf of
the Trust, an Eligible Deposit Account (the "Reserve Fund") which shall be
identified as the "Reserve Fund for the Distribution Financial Services
Floorplan Master Trust, Series [    ]" and shall bear a designation clearly
indicating that the funds deposited therein are held for the benefit of the
Series [    ] Certificateholders.

     (ii)  At the direction of the Servicer, funds on deposit in the Reserve
Fund shall be invested by the Trustee in Eligible Investments selected by the
Servicer that will mature so that such funds will be available at the close of
business on or before the Business Day next preceding the following Distribution
Date.  All Eligible Investments shall be held by the Trustee for the benefit of
the Series [    ] Certificateholders.  On each Distribution Date, all interest
and other investment earnings (net of losses and investment expenses) on funds
on deposit in the Reserve Fund received prior to such Distribution Date shall be
applied as set forth in Section 4.6(a) of this Series Supplement.  Funds
deposited in the Reserve Fund on the Business Day preceding a Distribution Date
are not required to be invested overnight.

     (b)(i)  The Trustee, for the benefit of the Series [    ]
Certificateholders, shall establish and maintain in the name of the Trustee, on
behalf of the Trust, an Eligible Deposit Account (the "Interest Funding
Account"), which shall be identified as the "Interest Funding Account for the
Distribution Financial Services Floorplan Master Trust, Series [    ]" and shall
bear a designation clearly indicating that the funds deposited therein are held
for the benefit of the Series [    ] Certificateholders.

                                       18
<PAGE>

     (ii)  At the direction of the Servicer, funds on deposit in the Interest
Funding Account shall be invested by the Trustee in Eligible Investments
selected by the Servicer that will mature so that such funds will be available
at the close of business on or before the Business Day next preceding the
following Distribution Date.  All such Eligible Investments shall be held by the
Trustee for the benefit of the Series [    ] Certificateholders.  On each
Distribution Date, all interest and other investment earnings (net of losses and
investment expenses) on funds on deposit in the Interest Funding Account shall
be applied as set forth in Section 4.6(a) of this Series Supplement.  Funds
deposited in the Interest Funding Account on any Distribution Date (which are
not distributed to Certificateholders pursuant to Section 4.7 on such
Distribution Date) shall be invested at the direction of the Servicer in
Eligible Investments that will mature so that such funds will be available on or
before the close of business on the Business Day preceding the next following
Distribution Date.  Funds deposited in the Interest Funding Account on the
Business Day preceding a Distribution Date are not required to be invested
overnight.

     (c)(i)  The Trustee, for the benefit of the Certificateholders, shall
establish and maintain in the name of the Trustee, on behalf of the Trust, an
Eligible Deposit Account (the "Principal Funding Account"), which shall be
identified as the "Principal Funding Account for Distribution Financial Services
Floorplan Master Trust, Series [    ]" and shall bear a designation clearly
indicating that the funds deposited therein are held for the benefit of the
Series [    ] Certificateholders.

     (ii)  At the direction of the Servicer, funds on deposit in the Principal
Funding Account shall be invested by the Trustee in Eligible Investments
selected by the Servicer that will mature so that such funds will be available
at the close of business on or before the Business Day next preceding the
following Distribution Date.  All such Eligible Investments shall be held by the
Trustee for the benefit of the Series [    ] Certificateholders.  On each
Distribution Date all interest and other investment earnings (net of losses and
investment expenses) on funds on deposit therein shall be applied as set forth
in Section 4.6(a) of this Series Supplement.  Funds on deposit in the Principal
Funding Account (which are not distributed to Certificateholders pursuant to
Section 4.7 on such Distribution Date) shall be invested at the direction of the
Servicer in Eligible Investments that will mature so that such funds will be
available on or before the close of business on the Business Day next preceding
the following Distribution Date.  Funds deposited in the Principal Funding
Account on the Business Day preceding the Expected Final Payment Date are not
required to be invested overnight.

     (d)(i)  The Trustee, for the benefit of the Series [    ]
Certificateholders, shall establish and maintain in the name of the Trustee, on
behalf of the Trust, an Eligible Deposit Account (the "Excess Funding Account"),
which shall be identified as the "Excess Funding Account for Distribution
Financial Services Floorplan Master Trust, Series [    ]" and shall bear a
designation clearly indicating that the funds deposited therein are held for the
benefit of the Series [    ] Certificateholders.

     (ii)  At the direction of the Servicer, funds on deposit in the Excess
Funding Account shall be invested by the Trustee in Eligible Investments
selected by the Servicer.  All such Eligible

                                       19
<PAGE>

Investments shall be held by the Trustee for the benefit of the Series [       ]
Certificateholders. On each Distribution Date, all interest and other investment
earnings (net of losses and investment expenses) on funds on deposit in the
Excess Funding Account shall be applied as set forth in Section 4.6(a) of this
Series Supplement. Funds deposited in the Excess Funding Account on any
Distribution Date shall be invested in Eligible Investments that will mature so
that such funds will be available on or before the close of business on the
Business Day next preceding the following Distribution Date; provided that if,
                                                             --------
pursuant to Section 4.12, deposits to and withdrawals from the Excess Funding
Account are being made on a weekly or daily basis, then such Eligible
Investments shall mature on each Business Day on a weekly or daily basis, as the
case may be; provided further that such Eligible Investments shall still mature
             -------- -------
so that funds will be available on or before the close of business on the
Business Day next preceding the following Distribution Date. Funds deposited in
the Excess Funding Account on the Business Day preceding a Distribution Date are
not required to be invested overnight.

     (e)(i)  The Trustee shall possess all right, title and interest in and to
all funds on deposit from time to time in, and all Eligible Investments credited
to, the Reserve Fund, the Interest Funding Account, the Principal Funding
Account and the Excess Funding Account (collectively, the "Series [    ]
Accounts") and in all proceeds thereof.  The Series [    ] Accounts shall be
under the sole dominion and control of the Trustee for the benefit of the
Certificateholders.  If, at any time, any of the Series [    ] Accounts ceases
to be an Eligible Deposit Account, the Trustee (or the Servicer on its behalf)
shall within 10 Business Days (or such longer period, not to exceed 30 calendar
days, as to which each Rating Agency may consent) establish a new Series [    ]
Account meeting the conditions specified in paragraph (a)(i), (b)(i), (c)(i) or
(d)(i) above, as applicable, as an Eligible Deposit Account and shall transfer
any cash and/or investments to such new Series [    ] Account. Neither the
Seller, the Servicer nor any other Person or entity claiming by, through or
under the Seller, the Servicer or any such other Person or entity shall have any
right, title or interest in, or any right to withdraw any amount from, any
Series [    ] Account, except as expressly provided herein. Schedule 1, which is
hereby incorporated into and made part of this Series Supplement, identifies
each Series [    ] Account by setting forth the account number of each such
account, the account designation of each such account and the name of the
institution with which such account has been established.  If a substitute
Series [    ] Account is established pursuant to this Section, the Servicer
shall provide to the Trustee an amended Schedule 1, setting forth the relevant
information for such substitute Series [    ] Account.

     (ii)  Pursuant to the authority granted to the Servicer in Section 3.1(a)
of the Agreement, the Servicer shall have the power, revocable by the Trustee,
to make withdrawals and payments or to instruct the Trustee to take withdrawals
and payments from the Series [     ] Accounts for the purposes of carrying out
the Servicer's or the Trustee's duties hereunder.

     (f)  Unless otherwise agreed to by the Rating Agencies, at no time may
funds on deposit in any Series [    ] Account in an amount greater than 10% of
the outstanding principal balance of the Certificates be invested in Eligible
Investments (other than obligations of the United States

                                       20
<PAGE>

government or investments in a mutual fund that does not have credit
concentrations greater than 10%) of any single entity or its Affiliates.

     SECTION 4.5  Deficiency Amount.  With respect to each Distribution Date,
                  -----------------
on the related Determination Date, the Servicer shall determine the amount (the
"Deficiency Amount"), if any, by which

          (a)  the sum of

               (i)    the Monthly Interest for such Distribution Date,

               (ii)   any Monthly Interest for any prior Distribution Dates
          required to be but not deposited in the Interest Funding Account on a
          prior Distribution Date,

               (iii)  Additional Interest, if any, for such Distribution Date
          and any Additional Interest for any prior Distribution Dates required
          to be but not deposited into the Interest Funding Account on a prior
          Distribution Date (to the extent permitted by applicable law),

               (iv)   the Certificateholders' Monthly Servicing Fee for such
          Distribution Date,

               (v)    the Investor Default Amount, if any, for such Distribution
          Date, and

               (vi)   the Series [    ] Allocation Percentage of the amounts of
          any Adjustment Payment required to be deposited in the Collection
          Account pursuant to Section 3.9(a) of the Agreement with respect to
          the related Collection Period that has not been so deposited as of
          such Determination Date

          exceeds
          -------

          (b)  the sum of Investor Non-Principal Collections for such
     Distribution Date plus any Investment Proceeds, if any, with respect to
                       ----
     such Distribution Date.

     SECTION 4.6  Application of Investor Non-Principal Collections, Investment
                  -------------------------------------------------------------
Proceeds and Available Investor Principal Collections.  The Servicer shall cause
-----------------------------------------------------
the Trustee (by setting forth the following amounts in the related Distribution
Date Statement) to make the following distributions on each Distribution Date:

                                       21
<PAGE>

     (a)  On each Distribution Date, an amount equal to the sum of Investor Non-
Principal Collections and any Investment Proceeds with respect to such
Distribution Date will be distributed in the following priority:

          (i)    first, an amount equal to the Class A Monthly Interest for such
                 -----
     Distribution Date, plus the amount of any Class A Monthly Interest for any
                        ----
     prior Distribution Dates not deposited in the Interest Funding Account or
     distributed to the Class A Certificateholders on such prior Distribution
     Dates plus (but only to the extent permitted under applicable law) the
           ----
     amount of any Class A Additional Interest for the immediately preceding
     Interest Payment Date that has not been deposited in the Interest Funding
     Account and, without duplication, any Class A Additional Interest
     previously due but not deposited in the Interest Funding Account or
     distributed to the Class A Certificateholders on prior Distribution Dates,
     shall be deposited to the Interest Funding Account;

          (ii)   second, an amount equal to the Class B Monthly Interest for
                 ------
     such Distribution Date, plus the amount of any Class B Monthly Interest
                             ----
     for any prior Distribution Dates not deposited in the Interest Funding
     Account or distributed to the Class B Certificateholders on such prior
     Distribution Dates plus (but only to the extent permitted under applicable
                        ----
     law) the amount of any Class B Additional Interest for the immediately
     preceding Interest Payment Date that has not been deposited in the Interest
     Funding Account and, without duplication, any Class B Additional Interest
     previously due but not deposited in the Interest Funding Account or
     distributed to the Class B Certificateholders on prior Distribution Dates,
     shall be deposited to the Interest Funding Account;

          (iii)  third, an amount equal to the Class C Monthly Interest for such
                 -----
     Distribution Date, plus the amount of any Class C Monthly Interest for any
                        ----
     prior Distribution Dates not deposited in the Interest Funding Account or
     distributed to the Class C Certificateholders on such prior Distribution
     Dates plus (but only to the extent permitted under applicable law) the
           ----
     amount of any Class C Additional Interest for the immediately preceding
     Interest Payment Date that has not been deposited in the Interest Funding
     Account and, without duplication any Class C Additional Interest previously
     due but not deposited in the Interest Funding Account or distributed to the
     Class C Certificateholders on prior Distribution Dates, shall be deposited
     to the Interest Funding Account;

          (iv)   fourth, an amount equal to the Certificateholders' Monthly
                 ------
     Servicing Fee for such Distribution Date shall be distributed to the
     Servicer (unless such amount has been netted against deposits to the
     Collection Account or waived);

          (v)    fifth, an amount equal to the Reserve Fund Deposit Amount, if
                 -----
     any, for such Distribution Date shall be deposited in the Reserve Fund;

                                       22
<PAGE>

          (vi)   sixth, an amount equal to the Investor Default Amount, if any,
                 -----
     for such Distribution Date shall be treated as a portion of Investor
     Principal Collections for such Distribution Date;

          (vii)  seventh, an amount required to reimburse unreimbursed Class A
                 -------
     Investor Charge-Offs, Class B Investor Charge-Offs and Class C Investor
     Charge-Offs pursuant to Section 4.9 shall be treated as a portion of
     Investor Principal Collections for such Distribution Date;

          (viii) eighth, any previously undistributed Carry-over Amount shall be
                 ------
     deposited in the Interest Funding Account; and

          (ix)   ninth, the balance, if any, shall constitute "Excess Servicing"
                 -----
     and shall be allocated and distributed as set forth in Section 4.10.

     (b)  On each Distribution Date with respect to the Revolving Period, an
amount equal to the Available Investor Principal Collections deposited in the
Collection Account for the related Collection Period shall be applied in the
following priority:

          (i)    first, if (A) the Pool Balance at the end of the preceding
                 -----
     Collection Period is less than the Pool Balance at the end of the second
     preceding Collection Period and (B) the Pool Balance at the end of the
     preceding Collection Period is less than the Required Participation Amount
     for such Distribution Date (calculated before giving effect to any deposits
     to the Excess Funding Account and any excess funding account for any other
     Series in their revolving periods to be made on such Distribution Date),
     then the Servicer shall cause to be deposited into the Excess Funding
     Account an amount which will reduce the Invested Amount such that, together
     with the deposits to the excess funding accounts (and the resulting
     reductions in the invested amounts) for other outstanding Series in their
     revolving periods for such Distribution Date, the Pool Balance is equal to
     the Required Participation Amount, and

          (ii)   second, an amount equal to the balance (such balance being part
                 ------
     of "Excess Principal Collections"), if any, of such Available Investor
     Principal Collections shall be applied in accordance with Section 4.4 of
     the Agreement.

For purposes of determining the amount to be applied pursuant to subparagraph
(i) above, allocations of the amounts to be deposited in the Excess Funding
Account and the excess funding account for other outstanding Series shall be
made pro rata on the basis of the invested amounts (including the Invested
Amount for Series [    ]).

     If the Servicer has elected in respect of a Collection Period to make
withdrawals from the Excess Funding Account on a daily or weekly basis pursuant
to Section 4.12(b), then deposits into the Excess Funding Account required by
this Section 4.6(b) shall be made on each Business Day in such Collection Period
(if daily withdrawals and deposits have been elected) or on each

                                       23
<PAGE>

Wednesday (or the next succeeding Business Day if such Wednesday is not a
Business Day) in such Collection Period (if weekly withdrawals and deposits have
been elected). In the case of such election, the Pool Balance referred to in
clause (B) above shall be the Pool Balance on the preceding Business Day, in the
case of an election to make daily deposits and withdrawals, and on the Monday
next preceding the related Wednesday, in the case of an election to make weekly
deposits and withdrawals.

          (c)  On each Distribution Date (x) with respect to the Accumulation
Period or (y) an Early Amortization Period (if a Responsible Officer of the
Trustee has actual knowledge of such Early Amortization Period), an amount equal
to the Available Investor Principal Collections will be distributed in the
following priority:

          (i)    first, an amount equal to Monthly Principal for such
                 -----
     Distribution Date shall be deposited by the Servicer or the Trustee into
     the Principal Funding Account; and

          (ii)   second, for each Distribution Date with respect to the
                 ------
     Accumulation Period (unless an Early Amortization Event has occurred), an
     amount equal to the balance (such balance being part of "Excess Principal
     Collections"), if any, of such Available Investor Principal Collections
     shall be applied in accordance with Section 4.4 of the Agreement.

     SECTION 4.7  Distributions to Series [    ] Certificateholders.  (a)  The
                  -------------------------------------------------
Servicer shall direct the Trustee to make the following distributions at the
following times from the Interest Funding Account, the Principal Funding Account
and the Excess Funding Account:

          (i)    on each Distribution Date which is an Interest Payment Date,
     all amounts on deposit in the Interest Funding Account shall be distributed
     to the Series [    ] Certificateholders in the following order of priority:

               (A) first, to the Class A Certificateholders, an amount equal to
                   -----
          (i) the sum of Class A Monthly Interest for such Distribution Date,
          plus the Class A Monthly Interest for any prior Distribution Date, if
          any, occurring after the immediately preceding Interest Payment Date
          (or with respect to the first Interest Payment Date, after the Closing
          Date), plus (ii) any amount determined on any prior Interest Payment
          Date pursuant to clause (i) of this paragraph (A) that was not
          distributed on any Interest Payment Date prior to the current Interest
          Payment Date, plus (iii) to the extent permitted under applicable law,
          the amount of any Class A Additional Interest for the current Interest
          Payment Date and, without duplication, any Class A Additional Interest
          previously due but not distributed;

               (B) second, to the Class B Certificateholders, an amount equal to
                   ------
          (i) the sum of Class B Monthly Interest for such Distribution Date,
          plus the Class B Monthly Interest for any prior Distribution Date, if
          any, occurring after the immediately preceding Interest Payment Date
          (or with respect to the first Interest Payment Date, after the Closing
          Date), plus (ii) any amount determined on any

                                       24
<PAGE>

          prior Interest Payment Date pursuant to clause (i) of this paragraph
          (B) that was not distributed on any Interest Payment Date prior to the
          current Interest Payment Date, plus (iii) to the extent permitted
          under applicable law, the amount of any Class B Additional Interest
          for the current Interest Payment Date and, without duplication, any
          Class B Additional Interest previously due but not distributed;

               (C) third, to the Class C Certificateholders, an amount equal to
                   -----
          (i) the sum of Class C Monthly Interest for such Distribution Date
          plus the Class C Monthly Interest for any prior Distribution Dates, if
          any, occurring after the immediately preceding Interest Payment Date
          (or with respect to the first Interest Payment Date, after the Closing
          Date), plus (ii) any amount determined on any prior Interest Payment
          Date pursuant to clause (i) of this paragraph (C) that was not
          distributed on any Interest Payment Date prior to the current Interest
          Payment Date, plus (iii) to the extent permitted under applicable law,
          the amount of any Class C Additional Interest for the current Interest
          Payment Date and, without duplication, any Class C Additional Interest
          previously due but not distributed;

               (D) fourth, to the Class A Certificateholders, the sum of any
                   ------
          Class A Carry-over Amount for such Distribution Date plus any Class A
          Carry-over Amount for each other Distribution Date, if any, occurring
          after the immediately preceding Interest Payment Date (or with respect
          to the first Interest Payment Date, after the Closing Date);

               (E) fifth, to the Class B Certificateholders, the sum of any
                   -----
          Class B Carry-over Amount for such Distribution Date plus any Class B
          Carry-over Amount for each other Distribution Date, if any, occurring
          after the immediately preceding Interest Payment Date (or with respect
          to the first Interest Payment Date, after the Closing Date); and

               (F) sixth, to the Class C Certificateholders, the sum of any
                   -----
          Class C Carry-over Amount for such Distribution Date plus any Class C
          Carry-over Amount for each other Distribution Date, if any, occurring
          after the immediately preceding Interest Payment Date (or with respect
          to the first Interest Payment Date, after the Closing Date).

          (ii)  on each Special Payment Date (if a Responsible Officer of the
     Trustee has actual knowledge of the Early Amortization Period) and on the
     Expected Final Payment Date, all amounts on deposit in the Principal
     Funding Account, the Excess Funding Account and (after giving effect to the
     application pursuant to Section 4.7(a)(i)) the Interest Funding Account,
     shall be distributed to the Series [    ] Certificateholders in the
     following order of priority: (A) first, to the Class A Certificateholders
     until the outstanding principal balance of the Class A Certificates has
     been reduced to zero; (B) second, to the Class B Certificateholders until
     the outstanding principal balance of the Class B Certificates has been
     reduced to zero; and (C) to the Class C Certificateholders

                                       25
<PAGE>

     until the outstanding principal balance of the Class C Certificates has
     been reduced to zero; provided, however, that the maximum amount
                           --------  -------
     distributed pursuant to this clause (ii) on any such day shall not exceed
     the excess of (x) the sum of the outstanding principal balance of the Class
     A, Class B and Class C Certificates, as applicable, over (y) the sum of the
     unreimbursed Class A, Class B and Class C Investor Charge-Offs, each on
     such day.

          (b)  The distributions to be made pursuant to this Section are subject
to the provisions of Sections 2.3, 9.2, 10.1 and 12.2 of the Agreement and
Section 8.1 and 8.2 of this Series Supplement.

     SECTION 4.8  Application of Reserve Fund and Available Subordinated
                  ------------------------------------------------------
Amount.  (a)  If Investor Non-Principal Collections and Investment Proceeds
------
allocated to Series [    ] Certificateholders on any Distribution Date pursuant
to Section 4.6(a) are not sufficient to make the entire distributions required
on such Distribution Date by Section 4.6(a)(i), (ii), (iii), (iv) and (vi), the
Servicer shall direct the Trustee to withdraw (and the Trustee shall withdraw)
funds from the Reserve Fund to the extent available therein, and apply such
funds to complete the distributions pursuant to Section 4.6(a)(i), (ii), (iii),
(iv) and (vi) in the numerical order thereof.

     (b)  If there is a Required Subordination Draw Amount for such Distribution
Date, the Servicer shall, subject to the following paragraph, apply or direct
the Trustee to apply the Available Seller's Collections on deposit in the
Collection Account on such Distribution Date, but only up to the amount of the
Required Subordination Draw Amount, to make up the shortfall in the
distributions required by Sections 4.6(a)(i), (ii), (iii), (iv) and (vi) and
that have not been made through the application of funds from the Reserve Fund
pursuant to Section 4.8(a).  Any such Available Seller's Collections remaining
after the application thereof pursuant to the preceding sentence shall be
treated as a portion of Available Investor Principal Collections for such
Distribution Date, but only up to the amount of unpaid Adjustment Payments
allocated to Series [   ] as described in Section 4.5(a)(vi).  If the Required
Subordination Draw Amount exceeds Available Seller's Collections for such
Distribution Date, the Available Subordinated Amount shall be reduced in
accordance with clause (ii) of the definition of Available Subordinated Amount
in an amount equal to such Available Seller's Collections.

     If for such Distribution Date the sum of the Required Subordination Draw
Amount and the aggregate of the required subordination draw amounts for all
other Series outstanding exceeds the Available Seller's Collections on deposit
in the Collection Account on such Distribution Date, then such Available
Seller's Collections shall be allocated to such Series (including Series [   ])
pro rata on the basis of such required subordination draw amounts (including the
Required Subordination Draw Amount).

     (c)  On the Termination Date, any funds in the Reserve Fund will be treated
as Available Investor Principal Collections.  Upon payment in full of the
outstanding principal balance of the Series [    ] Certificates, any funds
remaining on deposit in the Reserve Fund shall be paid to the Seller.

                                       26
<PAGE>

     (d)  The balance of Available Seller's Collections on any Distribution
Date, after giving effect to any distributions thereof pursuant to Section
4.8(b) and the distributions in respect of other Series shall be distributed to
the Seller on such Distribution Date.

     SECTION 4.9  Investor Charge-Offs.  If, on any Distribution Date on which
                  --------------------
(after giving effect to the allocations, distributions, withdrawals and deposits
to be made on such Distribution Date) (i) the Available Subordinated Amount for
the related Determination Date is zero, (ii) the balance of the Reserve Fund on
such Distribution Date is zero and (iii) the Deficiency Amount for such
Distribution Date is greater than zero, then the Class C Invested Amount will be
reduced by the amount of the excess of such Deficiency Amount over any remaining
Available Subordinated Amount on such Determination Date, but not by more than
the Investor Default Amount for the related Collection Period (a "Class C
Investor Charge-Off").  In the event that any such reduction of the Class C
Invested Amount would cause the Class C Invested Amount to be a negative number,
the Class C Invested Amount will be maintained at or reduced to zero, and the
Class B Invested Amount will be reduced by the aggregate amount of such excess,
but not more than the remaining Investor Default Amount for such Collection
Period (a "Class B Investor Charge-Off").  In the event that any such reduction
of the Class B Invested Amount would cause the Class B Invested Amount to be a
negative number, the Class B Invested Amount will be maintained at or reduced to
zero, and the Class A Invested Amount will be reduced by the aggregate amount of
such excess, but not more than the remaining Investor Default Amount for such
Collection Period (a "Class A Investor Charge-Off").  Class A Investor Charge-
Offs, Class B Investor Charge-Offs and Class C Investor Charge-Offs will
thereafter be reimbursed (in that order) and the Class A Invested Amount, Class
B Invested Amount and Class C Invested Amount increased (in that order) (but not
by an amount in excess of the aggregate unreimbursed Class A Investor Charge-
Offs, Class B Investor Charge-Offs and Class C Investor Charge-Offs, as the case
may be) on any Distribution Date by the sum of (a) Allocable Miscellaneous
Payments with respect to such Distribution Date and (b) the amount allocated and
available for that purpose pursuant to Section 4.6(a)(vii).

     SECTION 4.10 Excess Servicing.  The Servicer shall cause the Trustee to
                  ----------------
apply, on each Distribution Date, Excess Servicing with respect to the
Collection Period immediately preceding such Distribution Date, to make the
following distributions in the following priority:

          (a)  an amount equal to the aggregate outstanding amounts of the
     Certificateholders' Monthly Servicing Fee which have been previously waived
     pursuant to Section 3.1 shall be distributed to the Servicer; and

          (b)  the balance, if any, shall be distributed to the Seller.

     SECTION 4.11 Excess Principal Collections.
                  ----------------------------

     "Series [    ] Excess Principal Collections", with respect to any
      ------------------------------------------
Distribution Date, shall mean an amount equal to the lesser of (a) the Series [
] Principal Shortfall, if any, for such Distribution Date and (b) an amount
equal to the product of (x) excess principal collections for

                                       27
<PAGE>

all Series for such Distribution Date and (y) a fraction, the numerator of which
is the Series [       ] Principal Shortfall for such Distribution Date and the
denominator of which is the aggregate amount of principal shortfalls for all
Series for such Distribution Date.

     SECTION 4.12 Excess Funding Account.  (a)  Any funds on deposit in the
                  ----------------------
Excess Funding Account at the beginning of the Accumulation Period or upon the
occurrence of an Early Amortization Event will be deposited in the Principal
Funding Account.  In addition, no funds will be deposited in the Excess Funding
Account during the Accumulation Period or any Early Amortization Period.

     (b)  If (i) on any Determination Date during the Revolving  Period there
are any funds in the Excess Funding Account and (ii) the Pool Balance at the end
of the preceding Collection Period is greater than the Pool Balance at the end
of the second preceding Collection Period, then, subject to the other provisions
of this Section 4.12(b) and to Sections 4.12(c) and (d), the Invested Amount and
the invested amounts (but, in each case, not in excess of the initial principal
amount of such Series) for all other outstanding Series that provide for an
excess funding account or similar arrangement and are in their revolving periods
shall be increased such that, after giving effect to such increases, the
Required Participation Amount is at least equal to the Pool Balance.  On such
Determination Date, the Servicer shall notify the Trustee of the amount, if any,
of such increase in the Invested Amount and the Trustee shall withdraw from the
Excess Funding Account and pay to the Seller or allocate to one or more other
Series, on the immediately succeeding Distribution Date, an amount equal to the
amount of such increase in the Invested Amount.  To the extent that the Invested
Amount is increased by any payment to the Seller or any allocation to one or
more other Series, the Seller's Interest or such other Series' invested amount,
as applicable, shall be reduced by the amount of such payment.  In addition, any
increase in the Invested Amount is subject to the condition that after giving
effect to such increase the Pool Balance equals or exceeds the sum of (A) the
Required Participation Amount (exclusive of the amount in clause (b) of the
definition thereof), (B) the sum of the Available Subordinated Amount and the
sum of the required subordinated amounts for all other Series (or, if such other
Series shall have no required subordinated amounts, the available subordinated
amounts with respect to such Series) and (C) the sum of any subordinated amounts
supporting any Enhancement for all other Series.  In connection with the
foregoing, the Seller shall endeavor (taking into account any seasonality
experienced in the Accounts in the Trust) to minimize the amounts on deposit,
from time to time, in the Excess Funding Account.

     The Seller may elect to make such withdrawals from the Excess Funding
Account and the excess funding accounts or similar arrangements for other Series
on a daily or weekly basis during a Collection Period by giving the Trustee
notice of such election at least two Business Days and no more than five
Business Days prior to the commencement of such daily or weekly withdrawals.  If
such election is made, then deposits into the Excess Funding Account and excess
funding accounts or similar arrangements for other Series shall be made on a
similar basis for the related Collection Period.  If such election is for
withdrawals on a daily basis, then such withdrawals shall be made on each
Business Day and the Pool Balance to be referenced shall be the Pool Balance on
the next preceding Business Day.  If such election is for withdrawals on a

                                       28
<PAGE>

weekly basis, then such withdrawals shall be made on each Wednesday (or if such
Wednesday is not a Business Day, then on the Business Day next succeeding such
Wednesday) and the Pool Balance to be referenced shall be the Pool Balance on
the preceding Monday.

     (c)  In the event that other Series issued by the Trust provide for excess
funding accounts or other arrangements similar to the Excess Funding Account
involving fluctuating levels of investments in Principal Receivables, (i) the
allocation of additional Principal Receivables to increase the Invested Amount
and the invested amounts of such other Series (and the related withdrawals from
the Excess Funding Account and the other excess funding or similar accounts)
will be based on the proportion that  the amount on deposit in the Excess
Funding Account bears to amounts on deposit in the excess funding accounts
(including the Excess Funding Account) of all Series providing for excess
funding accounts or such similar arrangements or to amounts otherwise similarly
available and (ii) the deposit of amounts into the Excess Funding Account and
the excess funding accounts of such other Series will be pro rata based on the
proportion that the Invested Amount bears to the invested amounts (including the
Invested Amount) of all Series providing for excess funding accounts or such
similar arrangements.

     (d)  In the event that any other Series is in an amortization period, early
amortization period or accumulation period, the amounts of any withdrawals from
the Excess Funding Account shall be applied first to satisfy in full any then
                                            -----
applicable funding or payment requirements of such Series and second to make a
                                                              ------
payment to the Seller.  In the event that more than one other Series is in an
amortization period, early amortization period or accumulation period, the
amounts of any withdrawals from the Excess Funding Account shall be allocated
(and, if necessary, reallocated) among such Series as specified in the related
Supplements for such Series, to meet the funding or payment requirements of each
such Series first to satisfy in full all then applicable funding or payment
            -----
requirements of each such Series and second to make a payment to the Seller.
                                     ------

                                   ARTICLE V

                          Distribution and Reports to
                          ---------------------------
                       Series [    ] Certificateholders
                       --------------------------------

     SECTION 5.1  Distributions.  (a)  On each Distribution Date, the Trustee
                  -------------
as paying agent shall distribute to each Series [    ] Certificateholder of
record on the preceding Record Date (other than as provided in Section 12.2 of
the Agreement respecting a final distribution) such Certificateholder's pro rata
share (based on the aggregate fractional undivided interests represented by the
Series [    ] Certificates held by such Certificateholder) of the amounts on
deposit in the Series [    ] Accounts as is payable to and Series [    ]
Certificateholder on such Distribution Date pursuant to the priorities set forth
in Section 4.7.

     (b)  Except as provided in Section 12.2 of the Agreement with respect to a
final distribution, distributions to Series [    ] Certificateholders hereunder
shall be made by check mailed to each Series [    ] Certificateholder at such
Certificateholder's address appearing in the

                                       29
<PAGE>

Certificate Register without presentation or surrender of any Series [    ]
Certificate or the making of any notation thereon; provided, however, that with
respect to Series [      ] Certificates registered in the name of a Depository,
such distributions shall be made to such Depository in immediately available
funds.

     SECTION 5.2  Reports and Statements to Series [    ] Certificateholders.
                  ----------------------------------------------------------
(a)  At least two Business Days prior to each Distribution Date, the Servicer
will provide to the Trustee a statement substantially in the form of Exhibit D
                                                                     ---------
(a "Distribution Date Statement"), and on each Distribution Date the Trustee
shall forward to each Series [    ] Certificateholder such statement prepared by
the Servicer setting forth certain information relating to the Trust and the
Series [    ] Certificates.

     (b)  A copy of each statement provided pursuant to paragraph (a) and a copy
of the Pooling and Servicing Agreement (without exhibits) and this Series
Supplement will be made available to Series [    ] Certificateholders of record
for inspection at the Corporate Trust Office during the Trustee's normal
business hours.

     (c)  On or before January 31 of each calendar year, beginning with calendar
year [ ], the Trustee shall furnish or cause to be furnished to each Person who
at any time during the preceding calendar year was a Series [    ]
Certificateholder, a statement prepared by the Servicer containing the
information which is required to be contained in the statement to Series [    ]
Certificateholders as set forth in paragraph (a) above, aggregated for such
calendar year or the applicable portion thereof during which such Person was a
Series [    ] Certificateholder, together with other information as is required
to be provided by an issuer of indebtedness under the Internal Revenue Code and
such other customary information as is necessary to enable the Series [    ]
Certificateholders (or Certificate Owners) to prepare their tax returns.  Such
obligation of the Trustee shall be deemed to have been satisfied to the extent
that substantially comparable information shall be provided by the Trustee
pursuant to any requirements of the Internal Revenue Code as from time to time
in effect.

                                  ARTICLE VI

                           Early Amortization Events
                           -------------------------

     SECTION 6.1  Additional Early Amortization Events.  The occurrence of any
                  ------------------------------------
of the following events shall, immediately upon the occurrence thereof without
notice or other action on the part of the Trustee or the Series [    ]
Certificateholders, be deemed to be an Early Amortization Event solely with
respect to Series [    ] (each, an "Additional Early Amortization Event"):

          (a)  on any Distribution Date, the balance of the Reserve Fund is less
     than [     ] percent of the aggregate outstanding principal balance of the
     Certificates, in each case after giving effect to all deposits and
     distributions on such Distribution Date;

                                       30
<PAGE>

          (b)  any Servicer Default occurs;

          (c)  a Carry-over Amount is outstanding on six consecutive
     Distribution Dates (after giving effect to the distribution on each such
     Distribution Date);

          (d)  on any Determination Date, the average of the Monthly Payment
     Rates for the three preceding Collection Periods is less than [  ] percent;

          (e)  the outstanding principal amount of the Certificates is not
     repaid by the Expected Final Payment Date;

          (f)  the ratio (expressed as a percentage) of (i) the average for each
     month of the net losses on the Receivables (exclusive of the Ineligible
     Receivables) owned by the Trust (i.e., gross losses less recoveries on any
     Receivables) (including recoveries from collateral security, recoveries
     from the products, recoveries from Manufacturers and insurance proceeds)
     during any three consecutive calendar months to (ii) the average of the
     month-end aggregate balances of the Receivables (without deducting
     therefrom the discount portion) for such three-month period, exceeds [
     ] percent on an annualized basis; provided, that this clause (f) may be
                                       --------
     amended or waived with the consent of the Seller and each Rating Agency; or

          (g)  the sum of all Eligible Investments and amounts on deposit in the
     Excess Funding Account and any excess funding accounts for any other Series
     represents more than [     ] percent of the total assets of the Trust on
     each of [ ] or more consecutive Determination Dates, after giving effect to
     all payments made or to be made on the Distribution Date next succeeding
     each such respective Determination Date.

                                  ARTICLE VII

                              Optional Repurchase
                              -------------------

     SECTION 7.1  Optional Repurchase.  (a)  On any Distribution Date occurring
                  -------------------
after the date on which the Invested Amount is reduced to less than ten percent
(10%) of the principal amount of the Certificates on the Closing Date or less,
the Seller shall have the option, subject to the condition set forth in
paragraph (c), to purchase the entire, but not less than the entire, Series [
] Certificateholders' Interest, at a purchase price equal to the Reassignment
Amount for such Distribution Date.

     (b)  The Seller shall give the Servicer and the Trustee at least 10
Business Days' prior written notice of the Distribution Date on which the Seller
intends to exercise such purchase option.  Not later than 12:00 noon, New York
City time, on such Distribution Date the Seller shall deposit the Reassignment
Amount into the Collection Account in immediately available funds.  Such
purchase option is subject to payment in full of the Reassignment Amount and if

                                       31
<PAGE>

for any reason the Seller fails to deposit the Reassignment Amount, payments
will continue to be made to Certificateholders as provided herein.  The
Reassignment Amount shall be distributed as set forth in Section 8.1(b).

     (c)  If at the time the Seller exercises its purchase option hereunder the
Seller's unsecured debt is unrated or has a rating lower than the lowest
investment grade rating of any Rating Agency, the Seller shall deliver to the
Trustee on such Distribution Date an Opinion of Counsel (which must be an
independent outside counsel) to the effect that, in reliance on certain
certificates to the effect that the Series [    ] Certificateholders' Interest
purchased by the Seller constitutes fair value for the consideration paid
therefor and as to the Seller is solvent, the purchase of the Series [    ]
Certificateholders' Interest would not be considered a fraudulent conveyance
under applicable law.

                                 ARTICLE VIII

                              Final Distributions
                              -------------------

     SECTION 8.1  Sale of Certificateholders' Interest Pursuant to Section 2.3
                  ------------------------------------------------------------
of the Agreement; Distributions Pursuant to Section 7.1 of this Series
----------------------------------------------------------------------
Supplement or Section 2.3 or 12.2(c) of the Agreement.  (a) The amount to be
-----------------------------------------------------
paid by the Seller to the Collection Account with respect to Series [    ] in
connection with a purchase of the Certificateholders' Interest pursuant to
Section 2.3 of the Agreement shall equal the Reassignment Amount for the
Distribution Date on which such repurchase occurs.

     (b)  With respect to the Reassignment Amount deposited into the Collection
Account pursuant to Section 7.1 or 8.1 of this Series Supplement or Section 2.3
of the Agreement or any Termination Proceeds deposited into the Collection
Account pursuant to Section 12.2(c) of the Agreement, the Trustee shall, not
later than 12:00 noon, New York time, on the Distribution Date on which such
amounts are deposited (or, if such date is not a Distribution Date, on the
immediately following Distribution Date) (in the priority set forth below):  (i)
first, (x) deposit the sum of (A) the Class A Monthly Interest for such
-----
Distribution Date plus the Class A Monthly Interest for each Distribution Date,
if any, occurring after the immediately preceding Interest Payment Date, plus
                                                                         ----
(B) the amount of Class A Additional Interest, if any, for such Distribution
Date and without duplication any Class A Additional Interest previously due but
not deposited into the Interest Funding Account or paid to Class A
Certificateholders on any prior Distribution Date, into the Interest Funding
Account and (y) deposit the Class A Invested Amount on such date into the
Principal Funding Account; (ii) second, (x) deposit the sum of (A) the Class B
                                ------
Monthly Interest for such Distribution Date plus the Class B Monthly Interest
for each Distribution Date, if any, occurring after the immediately preceding
Interest Payment Date, plus (B) the amount of Class B Additional Interest, if
                       ----
any, for such Distribution Date and without duplication any Class B Additional
Interest previously due but not deposited into the Interest Funding Account or
paid to Class B Certificateholders on any prior Distribution Date, into the
Interest Funding Account and (y) deposit the Class B Invested Amount on such
date into the

                                       32
<PAGE>

Principal Funding Account; (iii) third, (x) deposit the sum of (A) the Class C
                                 -----
Monthly Interest for such Distribution Date plus the Class C Monthly Interest
for each Distribution Date, if any, occurring after the immediately preceding
Interest Payment Date, plus (B) the amount of Class C Additional Interest, if
                       ----
any, for such Distribution Date and without duplication any Class C Additional
Interest previously due but not deposited into the Interest Funding Account or
paid to the Class C Certificateholders on any prior Distribution Date, into the
Interest Funding Account and (y) deposit the Class C Invested Amount on such
date into the Principal Funding Account, and (iv) fourth, pay the remainder of
                                                  ------
any Termination Proceeds to the Seller; provided, however, that the sum of the
                                        --------  -------
amounts allocated pursuant to clauses (i) through (iii) shall not exceed the
Reassignment Amount for Series [     ].

     (c)  Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, the entire amount deposited in the Principal Funding Account and
the Interest Funding Account pursuant to Section 7.1 or 8.1 of this Series
Supplement and all other amounts on deposit therein shall be distributed in full
to the Series [    ] Certificateholders on such date in the order of priority
set forth in Section 4.7 of this Series Supplement and any distribution made
pursuant to paragraph (b) above and Section 4.7 of this Series Supplement shall
be deemed to be a final distribution pursuant to Section 12.2 of the Agreement
with respect to Series [    ].

     SECTION 8.2  Distribution of Proceeds of Sale, Disposition or Liquidation
                  ------------------------------------------------------------
of the Receivables Pursuant to Section 9.2 of the Agreement.  (a)  Not later
-----------------------------------------------------------
than 12:00 noon, New York City time, on the Distribution Date following the date
on which the Insolvency Proceeds are deposited into the Collection Account
pursuant to Section 9.2(b) of the Agreement, the Trustee shall first (in each
case, after giving effect to any deposits and distributions otherwise to be made
on such Distribution Date) deduct an amount equal to the Invested Amount on such
Distribution Date from the portion of the Insolvency Proceeds allocated to the
Series [    ] Allocation Percentage of Principal Collections and deposit such
amount in the Principal Funding Account, provided that the amount of such
                                         --------
deposit shall not exceed the product of (x) the portion of the Insolvency
Proceeds allocated to the Series [    ] Allocation Percentage of Principal
Collections and (y) 100% minus the Excess Seller's Percentage with respect to
                         -----
the related Collection Period.  The remainder of the portion of the Insolvency
Proceeds allocated to the Series [    ] Allocation Percentage of Principal
Collections shall be allocated to the Seller's Interest and shall be released to
the Seller on such Distribution Date.

     (b)  Not later than 12:00 noon, New York City time, on such Distribution
Date, the Trustee shall first (in each case, after giving effect to any deposits
and distributions otherwise to be made on such Distribution Date) deduct an
amount equal to the sum of (i) Monthly Interest for such Distribution Date, (ii)
any Monthly Interest previously due but not deposited into the Interest Funding
Account on any prior Distribution Date, (iii) the amount of Additional Interest,
if any, for such Distribution Date and any Additional Interest previously due
but not deposited into the Interest Funding Account on a prior Distribution
Date, from the portion of the Insolvency Proceeds allocated to the Series [    ]
Allocation Percentage of Non-Principal Collections and deposit such amount in
the Interest Funding Account, provided that the amount of such distribution
                              --------
shall not exceed (x) the product of (A) the portion of the Insolvency Proceeds

                                       33
<PAGE>

allocated to the Series [    ] Allocation Percentage of Non-Principal
Collections and (B) 100% minus the Excess Seller's Percentage.  The remainder of
                         -----
the portion of the Insolvency Proceeds allocated to Non-Principal Collections
shall be allocated to the Seller's Interest and shall be released to the Seller
on such Distribution Date.

     (c)  Notwithstanding anything to the contrary in this Series Supplement or
the Agreement, the entire amount deposited in the Principal Funding Account and
the Interest Funding Account pursuant to this Section and all other amounts on
deposit therein shall be distributed in full to the Series [    ]
Certificateholders in the order of priority set forth in Section 4.7 on the
Distribution Date on which funds are deposited pursuant to this Section 8.2 (or,
if not so deposited on a Distribution Date, on the immediately following
Distribution Date) and any distribution made pursuant to this Section 8.2 shall
be deemed to be a final distribution pursuant to Section 12.2 of the Agreement
with respect to Series [    ].

                                  ARTICLE IX

                           Miscellaneous Provisions
                           ------------------------

     [SECTION 9.1  Registration of the Series [    ] Certificates under the
                   --------------------------------------------------------
Securities Exchange Act of 1934.  The Seller shall cause the Class A and Class B
-------------------------------
Certificates to be registered under the Securities Exchange Act of 1934, as
amended, on or before [   ] and thereafter maintain such registration until the
Series [ ] Certificates are no longer outstanding].

     SECTION 9.2  Ratification of Agreement.  As supplemented by this Series
                  -------------------------
Supplement, the Agreement is in all respects ratified and confirmed and the
Agreement as so supplemented by this Series Supplement shall be read, taken and
construed as one and the same instrument.

     SECTION 9.3  Counterparts.  This Series Supplement may be executed in two
                  ------------
or more counterparts (and by different parties on separate counterparts), each
of which shall be an original, but all of which together shall constitute one
and the same instrument.

     SECTION 9.4  Governing Law.  This Series Supplement shall be governed by
                  -------------
and construed in accordance with the laws of the State of New York without
reference to its conflict of law provisions, and the obligations, rights and
remedies of the parties hereunder shall be determined in accordance with such
laws.

     SECTION 9.5  Limitation of Class C Certificates.
                  ----------------------------------

     (a) Each Class C Certificateholder (other than the Seller) represents and
warrants to the Seller and the Trustee that such Class C Certificateholder (i)
is properly classified as a "corporation" as described in Section 7701(a)(3) of
the Internal Revenue Code, (ii) is not an S corporation as described in Section
1361 of the Internal Revenue Code and (iii) will not knowingly take any action
which will cause it not to be so classified.

                                       34
<PAGE>

     (b) Each Class C Certificateholder (other than the Seller) confirms that is
has neither acquired nor will it sell, trade or transfer any interest in the
Class C Certificates or cause an interest in the Class C Certificates to be
marketed on or through (i) an "established securities market" within the meaning
of Section 7704(b)(1) of the Internal Revenue Code and any proposed, temporary
or final treasury regulation thereunder, including, without limitation, an over-
the-counter market or an interdealer quotation system that regularly
disseminates firm buy or sell quotations or (ii) "secondary market" or
"substantial equivalent thereof" within the meaning of Section 7704(b)(2) of the
Internal Revenue Code and any proposed, temporary or final treasury regulation
thereunder, including a market wherein interests in the Class C Certificates are
regularly quoted by any Person making a market in such interests and a market
wherein any Person regularly makes available bid or offer quotes with respect to
interests in the Class C Certificates and stands ready to effect buy or sell
transactions at the quoted prices for itself or on behalf of others.  Any
purported transfer, assignment or other conveyance of the Class C Certificates
in contravention of the foregoing covenant shall be null and void ab initio and
the purported transferor shall continue to be treated as the holder of such
Class C Certificates and the purported transferee shall not be recognized as a
Class C Certificateholder by the Seller.  If the Seller determines, based on an
Opinion of Counsel, that there is an exception to Section 7704 of the Internal
Revenue Code that applies to transfers of interests in the Trust by Private
Holders, the Seller will notify the Trustee, and the parties hereto in good
faith will proceed to amend this Agreement to eliminate or modify the covenants
of the Class C Certificateholders contained in this Section 9.5(b) and Section
9.5(c) to comply with such exception.

     (c) Notwithstanding the foregoing provisions of this Section 9.5, at no
time shall the aggregate number of Private Holders exceed 100.  Any purported
transfer, assignment or other conveyance (including any participation) of the
Class C Certificates in contravention of the foregoing restriction shall be null
and void ab initio and the purported transferor shall continue to be treated as
the holder of such Class C Certificates and the purported transferee shall not
be recognized as a Class C Certificateholder by the Seller, the Servicer or the
Trustee.  The Seller shall provide prior notice to the Rating Agencies of any
transfer of any Class C Certificates held by the Seller.

     SECTION 9.6  The Trustee.  The Trustee shall not be responsible in any
                  -----------
manner whatsoever for or in respect of the validity or sufficiency of this
Series Supplement or for or in respect of the recitals contained herein, all of
which recitals are made solely by the Seller.

     SECTION 9.7  Instructions in Writing.  All instructions given by the
                  -----------------------
Servicer to the Trustee pursuant to this Series Supplement shall be in writing,
and may be included in a Distribution Date Statement.

     SECTION 9.8  Initial Funding of Reserve Fund.  On the Closing Date the
                  -------------------------------
Seller shall cause to be deposited with the Trustee, and the Trustee shall
deposit in the Reserve Fund, available funds in an amount equal to [      ]
percent of the aggregate initial principal balance of the Certificates.

                                       35
<PAGE>

     IN WITNESS WHEREOF, the Seller, the Servicer and the Trustee have caused
this Series Supplement to be duly executed as of the day and year first above
written.

                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                      as Seller

                      By
                      DEUTSCHE FLOORPLAN RECEIVABLES, INC.,
                      its general partner

                      By:_____________________________
                         Name:
                         Title:

                      By:_____________________________
                         Name:
                         Title:

                      DEUTSCHE FINANCIAL SERVICES CORPORATION,
                      as Servicer

                      By:_____________________________
                         Name:
                         Title:

                      By:_____________________________
                         Name:
                         Title:

                      [       ], as Trustee

                      By:_____________________________
                         Name:
                         Title:

                                      S-1
<PAGE>

                                                                       EXHIBIT A

                      FORM OF FACE OF CLASS A CERTIFICATE

                         Initial
REGISTERED               Principal Balance: */
                                            -
                         $____________________
Certificate No.  R-
                         CUSIP NO.

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

             $___________ FLOATING RATE ASSET BACKED CERTIFICATES,

                             SERIES [    ], CLASS A

             evidencing a fractional undivided interest in certain
                                 assets of the

            DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST.

         This certificate (a "Class A Certificate") does not represent any
interest in, or obligation of, Deutsche Floorplan Receivables, L.P. ("Deutsche
FRLP" or the "Seller"), Deutsche Financial Services Corporation ("DFS"),
Deutsche Bank AG or any affiliate thereof.

     Unless the certificate of authentication hereon has been executed by or on
behalf of the Trustee, by manual signature, this Class A Certificate shall not
be entitled to any benefit under the Pooling and Servicing Agreement referred to
on the reverse side hereof or be valid for any purpose.

     THIS CLASS A CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS

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

*/ Denominations of $1,000 and integral multiples of $1,000 in excess thereof.
-
<PAGE>

CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                       2
<PAGE>

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

                             DEUTSCHE FLOORPLAN RECEIVABLES, L.P.

                             By:  DEUTSCHE FLOORPLAN RECEIVABLES, INC., its
                                  general partner

                             By:____________________________
                                Name:
                                Title:

                             By:____________________________
                                Name:
                                Title:

Dated:

                                      S-1
<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Pooling and
Servicing Agreement.

                                 [       ],
                                 as Trustee,

                                 By: _______________________
                                       Authorized Officer

Dated:

                                      S-2
<PAGE>

                  FORM OF THE REVERSE OF CLASS A CERTIFICATE

     This certifies that Cede & Co. (the "Series [    ] Class A
Certificateholder"), is the registered owner of a fractional undivided interest
in certain assets of the DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST
(the "Trust") created pursuant to a Pooling and Servicing Agreement (the "P&S")
dated as of December 1, 1993, amended and restated as of March 1, 1994, further
amended as of January 24, 1996, and amended and restated as of October 1, 1996,
as supplemented by the Series [    ] Supplement dated as of [  ] (the "Series
Supplement"), among Deutsche Floorplan Receivables, L.P. ("Deutsche FRLP"),
formerly known as ITT Floorplan Receivables, L.P., as Seller (the "Seller"),
Deutsche Financial Services Corporation ("DFS"), formerly known as ITT
Commercial Finance Corp., as servicer (the "Servicer"), and [    ], as trustee
(the "Trustee"), that are allocated to the Series [ ] Certificateholders'
Interest pursuant to the P&S and the Series Supplement. The P&S and the Series
Supplement are hereinafter collectively referred to as the "Pooling and
Servicing Agreement."

     This Class A Certificate is issued under and is subject to the terms,
provisions and conditions of the Pooling and Servicing Agreement to which, as
amended and supplemented from time to time, the Series [    ] Class A
Certificateholder by virtue of the acceptance hereof assents and is bound.
Although a summary of certain provisions of the Pooling and Servicing Agreement
is set forth below, this Class A Certificate does not purport to summarize the
Pooling and Servicing Agreement and reference is made to the Pooling and
Servicing Agreement for information with respect to the interests, rights,
benefits, obligations, proceeds and duties evidenced hereby and the rights,
duties and obligations of the Trustee.  In the event of any conflict or
inconsistency between this Class A Certificate and the Pooling and Servicing
Agreement, the Pooling and Servicing Agreement shall control in all respects.
To the extent not defined herein, the capitalized terms used herein have the
meanings ascribed to them in the Pooling and Servicing Agreement.

     The Seller has entered into the Pooling and Servicing Agreement and the
Series [    ] Certificates have been (or will be) issued with the intention that
the Series [    ] Certificates will qualify under applicable tax law as
indebtedness of Deutsche FRLP secured by the Receivables.  The Seller, each
Beneficiary and each Certificateholder and Certificate Owner, by the acceptance
of its Certificate or Book-Entry Certificate, as applicable, agrees to treat
such Series [    ] Certificate as indebtedness of the Seller secured by the
Receivables for Federal income taxes, state and local income, single business
and franchise taxes (imposed on or measured by income) and any other taxes
imposed on or measured by income.
<PAGE>

                                  ASSIGNMENT

Social Security or other identifying number of assignee

______________________________

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto _______________________________________________
     (name and address of assignee)

__________________________________________________

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

Dated: _______________________                   ______________________________*

                                                      Signature      Guaranteed:

                                                ____________________

_______________________

(*) NOTE:   The signature to this assignment must correspond with the name of
the registered owner as it appears on the reverse of the within Certificate in
every particular, without alteration, enlargement or any change whatsoever.
<PAGE>

                                                                       EXHIBIT B

                      FORM OF FACE OF CLASS B CERTIFICATE

                                 Initial Principal Balance: */
                                                            -

REGISTERED                       $______________________
Certificate No.  R-
                                 CUSIP NO.

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

     THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF ANY EMPLOYEE
BENEFIT PLAN, TRUST OR ACCOUNT, INCLUDING AN INDIVIDUAL RETIREMENT ACCOUNT, THAT
IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
OR THAT IS DESCRIBED IN SECTION 4975(E) (1) OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED, OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY
REASON OF A PLAN'S INVESTMENT IN SUCH ENTITY (A "BENEFIT PLAN").  BY ACCEPTING
AND HOLDING THIS CERTIFICATE OR ANY INTEREST IN THIS CERTIFICATE, THE HOLDER
HEREOF SHALL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT IT IS NOT FUNDING
ITS ACQUISITION WITH THE ASSETS OF ANY BENEFIT PLAN.

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

*/  Denominations of $1,000 and integral multiples of $1,000 in excess thereof.
-
<PAGE>

             $___________ FLOATING RATE ASSET BACKED CERTIFICATES,

                            SERIES [    ], CLASS B

             evidencing a fractional undivided interest in certain
                                 assets of the

            DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST.

     This certificate (a "Class B Certificate") does not represent any interest
in, or obligation of, Deutsche Floorplan Receivables, L.P. ("Deutsche FRLP" or
the "Seller"), Deutsche Financial Services Corporation ("DFS"), Deutsche Bank AG
or any affiliate thereof.

     Unless the certificate of authentication hereon has been executed by or on
behalf of the Trustee, by manual signature, this Class B Certificate shall not
be entitled to any benefit under the Pooling and Servicing Agreement referred to
on the reverse side hereof or be valid for any purpose.

     THIS CLASS B CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.
<PAGE>

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

                         DEUTSCHE FLOORPLAN RECEIVABLES, L.P.

                         By:  DEUTSCHE FLOORPLAN RECEIVABLES, INC., its
                              general partner

                         By:____________________________
                            Name:
                            Title:

                         By:____________________________
                            Name:
                            Title:

Dated:

                                      S-1
<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Pooling and
Servicing Agreement.

[          ],
as Trustee,

     By: _______________________
         Authorized Officer

Dated:

                                      S-2
<PAGE>

                  FORM OF THE REVERSE OF CLASS B CERTIFICATE

     This certifies that Cede & Co. (the "Series [    ] Class B
Certificateholder"), is the registered owner of a fractional undivided interest
in certain assets of the DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST
(the "Trust") created pursuant to a Pooling and Servicing Agreement (the "P&S")
dated as of December 1, 1993, amended and restated as of March 1, 1994, further
amended as of January 24, 1996, and amended and restated as of October 1, 1996,
as supplemented by the Series [    ] Supplement dated as of [  ] (the "Series
Supplement"), among Deutsche Floorplan Receivables, L.P. ("Deutsche FRLP"),
formerly known as ITT Floorplan Receivables, L.P., as Seller (the "Seller"),
Deutsche Financial Services Corporation ("DFS"), formerly known as ITT
Commercial Finance Corp., as servicer (the "Servicer"), and [     ], as trustee
(the "Trustee"), that are allocated to the Series [ ] Certificateholders'
Interest pursuant to the P&S and the Series Supplement. The P&S and the Series
Supplement are hereinafter collectively referred to as the "Pooling and
Servicing Agreement."

     The Class B Certificates will be subordinated to the Class A Certificates
to the extent described in the Series Supplement.

     This Class B Certificate is issued under and is subject to the terms,
provisions and conditions of the Pooling and Servicing Agreement to which, as
amended and supplemented from time to time, the Series [    ] Class B
Certificateholder by virtue of the acceptance hereof assents and is bound.
Although a summary of certain provisions of the Pooling and Servicing Agreement
is set forth below, this Class B Certificate does not purport to summarize the
Pooling and Servicing Agreement and reference is made to the Pooling and
Servicing Agreement for information with respect to the interests, rights,
benefits, obligations, proceeds and duties evidenced hereby and the rights,
duties and obligations of the Trustee.  In the event of any conflict or
inconsistency between this Class B Certificate and the Pooling and Servicing
Agreement, the Pooling and Servicing Agreement shall control in all respects.
To the extent not defined herein, the capitalized terms used herein have the
meanings ascribed to them in the Pooling and Servicing Agreement.

     The Seller has entered into the Pooling and Servicing Agreement and the
Series [    ] Certificates have been (or will be) issued with the intention that
the Series [    ] Certificates will qualify under applicable tax law as
indebtedness of Deutsche FRLP secured by the Receivables.  The Seller, each
Beneficiary and each Certificateholder and Certificate Owner, by the acceptance
of its Certificate or Book-Entry Certificate, as applicable, agrees to treat
such Series [    ] Certificate as indebtedness of the Seller secured by the
Receivables for Federal income taxes, state and local income, single business
and franchise taxes (imposed on or measured by income) and any other taxes
imposed on or measured by income.
<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee

______________________

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto _______________________
     (name and address of assignee)

_______________________________________

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

Dated: _______________________                 ______________________________*

                                                          Signature  Guaranteed:

                                                _______________________

_____________________________

(*) NOTE:   The signature to this assignment must correspond with the name of
the registered owner as it appears on the reverse of the within Certificate in
every particular, without alteration, enlargement or any change whatsoever.
<PAGE>

                                                                       EXHIBIT C

                      FORM OF FACE OF CLASS C CERTIFICATE

                                 Initial Principal Balance: */
                                                            -

REGISTERED
                                 $______________________
Certificate No.  R-

     THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE "1933 ACT").  NEITHER THIS CERTIFICATE NOR ANY PORTION HEREOF
MAY BE OFFERED OR SOLD EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF
THE 1933 ACT AND ANY APPLICABLE PROVISIONS OF ANY STATE BLUE SKY OR SECURITIES
LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION PROVISIONS.
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF ANY EMPLOYEE
BENEFIT PLAN, TRUST OR ACCOUNT, INCLUDING AN INDIVIDUAL RETIREMENT ACCOUNT, THAT
IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
OR THAT IS DESCRIBED IN SECTION 4975(E) (1) OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED, OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY
REASON OF A PLAN'S INVESTMENT IN SUCH ENTITY (A "BENEFIT PLAN").  BY ACCEPTING
AND HOLDING THIS CERTIFICATE OR ANY INTEREST IN THIS CERTIFICATE, THE HOLDER
HEREOF SHALL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT IT IS NOT FUNDING
ITS ACQUISITION WITH THE ASSETS OF ANY BENEFIT PLAN.

_________________________

*/   Denominations of $1,000 and integral multiples of $1,000 in excess
-
thereof.
<PAGE>

             $___________ FLOATING RATE ASSET BACKED CERTIFICATES,

                             SERIES [    ], CLASS C

             evidencing a fractional undivided interest in certain
                                 assets of the

            DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST.

     This certificate (a "Class C Certificate") does not represent any interest
in, or obligation of, Deutsche Floorplan Receivables, L.P. ("Deutsche FRLP" or
the "Seller"), Deutsche Financial Services Corporation ("DFS"), Deutsche Bank AG
or any affiliate thereof.

     Unless the certificate of authentication hereon has been executed by or on
behalf of the Trustee, by manual signature, this Class C Certificate shall not
be entitled to any benefit under the Pooling and Servicing Agreement referred to
on the reverse side hereof or be valid for any purpose.

     THIS CLASS C CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.
<PAGE>

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

                              DEUTSCHE FLOORPLAN RECEIVABLES, L.P.

                             By:  DEUTSCHE FLOORPLAN RECEIVABLES, INC., its
                                  general partner

                             By:____________________________
                                Name:
                                Title:

                             By:____________________________
                                Name:
                                Title:

Dated:

                                      S-1
<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Pooling and
Servicing Agreement.

[        ],
as Trustee,

     By: _______________________
         Authorized Officer

Dated:

                                      S-2
<PAGE>

                   FORM OF THE REVERSE OF CLASS C CERTIFICATE

     This certifies that [_______________________] (the "Series [    ] Class C
Certificateholder"), is the registered owner of a fractional undivided interest
in certain assets of the DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST
(the "Trust") created pursuant to a Pooling and Servicing Agreement (the "P&S")
dated as of December 1, 1993, amended and restated as of March 1, 1994, further
amended as of January 24, 1996, and amended and restated as of October 1, 1996,
as supplemented by the Series [    ] Supplement dated as of [  ] (the "Series
Supplement"), among Deutsche Floorplan Receivables, L.P. ("Deutsche FRLP"),
formerly known as ITT Floorplan Receivables, L.P., as Seller (the "Seller"),
Deutsche Financial Services Corporation ("DFS"), formerly known as ITT
Commercial Finance Corp., as servicer (the "Servicer"), and [     ], as trustee
(the "Trustee"), that are allocated to the Series [    ] Certificateholders'
Interest pursuant to the P&S and the Series Supplement.  The P&S and the Series
Supplement are hereinafter collectively referred to as the "Pooling and
Servicing Agreement."

     The Class C Certificates will be subordinated to the Class A Certificates
and the Class B Certificates to the extent described in the Series Supplement.

     This Class C Certificate is issued under and is subject to the terms,
provisions and conditions of the Pooling and Servicing Agreement to which, as
amended and supplemented from time to time, the Series [    ] Class C
Certificateholder by virtue of the acceptance hereof assents and is bound.
Although a summary of certain provisions of the Pooling and Servicing Agreement
is set forth below, this Class C Certificate does not purport to summarize the
Pooling and Servicing Agreement and reference is made to the Pooling and
Servicing Agreement for information with respect to the interests, rights,
benefits, obligations, proceeds and duties evidenced hereby and the rights,
duties and obligations of the Trustee.  In the event of any conflict or
inconsistency between this Class C Certificate and the Pooling and Servicing
Agreement, the Pooling and Servicing Agreement shall control in all respects.
To the extent not defined herein, the capitalized terms used herein have the
meanings ascribed to them in the Pooling and Servicing Agreement.

     The Seller, each Beneficiary and each Certificateholder and Certificate
Owner, by the acceptance of its Certificate or Book-Entry Certificate, as
applicable, agrees to treat such Series [   ] Certificate as indebtedness of the
Seller secured by the Receivables for Federal income taxes, state and local
income, single business and franchise taxes (imposed on or measured by income)
and any other taxes imposed on or measured by income.

     Each Series [    ] Class C Certificateholder (other than the Seller)
represents and warrants to the Seller and the Trustee that such Series [    ]
Class C Certificateholder (i) is properly classified as a "corporation" as
described in Section 7701(a)(3) of the Internal Revenue Code, (ii) is not an S
corporation as described in Section 1361 of the Internal Revenue Code and (iii)
will not knowingly take any action which will cause it not to be so classified.
<PAGE>

     Each Series [    ] Class C Certificateholder (other than the Seller)
confirms that is has neither acquired nor will it sell, trade or transfer any
interest in the Class C Certificates or cause an interest in the Class C
Certificates to be marketed on or through (i) an "established securities market"
within the meaning of Section 7704(b)(1) of the Internal Revenue Code and any
proposed, temporary or final treasury regulation thereunder, including, without
limitation, an over-the-counter market or an interdealer quotation system that
regularly disseminates firm buy or sell quotations or (ii) "secondary market" or
"substantial equivalent thereof" within the meaning of Section 7704(b)(2) of the
Internal Revenue Code and any proposed, temporary or final treasury regulation
thereunder, including a market wherein interests in the Class C Certificates are
regularly quoted by any Person making a market in such interests and a market
wherein any Person regularly makes available bid or offer quotes with respect to
interests in the Class C Certificates and stands ready to effect buy or sell
transactions at the quoted prices for itself or on behalf of others.  Any
purported transfer, assignment or other conveyance of the Class C Certificates
in contravention of the foregoing covenant shall be null and void ab initio and
the purported transferor shall continue to be treated as the holder of such
Class C Certificates and the purported transferee shall not be recognized as a
Series [    ] Class C Certificateholder by the Seller, the Servicer or the
Trustee.

                                       2
<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee

_______________________

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto _______________________________________________
     (name and address of assignee)

_________________________________________

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

Dated: _______________________                   ______________________________*

                                                          Signature  Guaranteed:

                                              ____________________

_____________________________

(*) NOTE:   The signature to this assignment must correspond with the name of
the registered owner as it appears on the reverse of the within Certificate in
every particular, without alteration, enlargement or any change whatsoever.
<PAGE>

                                                                       EXHIBIT D

                          DISTRIBUTION DATE STATEMENT

     (a)   The aggregate amount of Collections, the aggregate amount of Non-
Principal Collections and the aggregate amount of Principal Collections
processed during the immediately preceding Collection Period;

     (b)  The Floating Allocation Percentage, the Principal Allocation
Percentage and the Series [    ] Allocation Percentage for such Collection
Period;

     (c)  The total amount, if any, distributed on the Series [    ]
Certificates;

     (d)  The amount of such distribution allocable to principal on the Class A
Certificates, the Class B Certificates and the Class C Certificates;

     (e)  The amount of such distribution allocable to interest on the Class A
Certificates, the Class B Certificates and the Class C Certificates;

     (f)  The Investor Default Amount for such Distribution Date;

     (g)  The Required Subordination Draw Amount, if any, for the preceding
Collection Period;

     (h)  The amount of the Class A, Class B and Class C Investor Charge-Offs
and the amounts of reimbursements thereof for the preceding Collection Period;

     (i)  The amount of the Monthly Servicing Fee for the preceding Collection
Period;

     (j)  The Class A Invested Amount, the Class B Invested Amount, the Class C
Invested Amount, the Excess Funding Account balance and the outstanding
principal balance of the Class A, Class B and Class C Certificates for such
distribution (after giving effect to all distributions which will occur on such
Distribution Date);

     (k)  The Controlled Distribution Amount, if any;

     (l)  The Class A Pool Factor, Class B Pool Factor and Class C Pool Factor;

     (m)  The Available Subordinated Amount for such Determination Date;

     (n)  LIBOR and the applicable Net Receivables Rate for the next Interest
Period;
<PAGE>

     (o)  The Reserve Fund balance for such date; and

     (p)  The Principal Funding Account balance, the Interest Funding Account
balance and Collection Account balance with respect to such date.

                                       2
<PAGE>

                                                                      SCHEDULE 1

Name of Series
[    ] Account                    Account No.
--------------                    -----------

Interest Funding Account

Principal Funding Account

Excess Funding Account

Reserve Fund

     All of the foregoing accounts are maintained at the Trustee.
<PAGE>

                                                                      SCHEDULE 2

                   Initial Principal Amounts of Certificates
                   -----------------------------------------

Class                                           Initial Principal Amount
-----                                           ------------------------

Class A                                                    $
Class B                                                    $
Class C                                                    $<PAGE>

                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

================================================================================

                      DEUTSCHE FLOORPLAN RECEIVABLES, L.P.

                                     Buyer

                                      with

                    DEUTSCHE FINANCIAL SERVICES CORPORATION

                                      and

                     DEUTSCHE BUSINESS SERVICES CORPORATION

                                    Sellers

                  RECEIVABLES CONTRIBUTION AND SALE AGREEMENT

                         Dated as of December 1, 1993,

                   Amended and Restated as of March 1, 1994,

                        Amended as of January 24, 1996,

                                      and

                   Amended and Restated as of October 1, 1996

================================================================================
<PAGE>

                               Table of Contents

<TABLE>
<CAPTION>
                                                                                   Page
<S>                                                                                <C>
                                   ARTICLE I
                                  Definitions

Section 1.1.      Definitions...................................................      1
Section 1.2.      Other Definitional Provisions.................................      2

                                  ARTICLE II
                           Conveyance of Receivables

Section 2.1.      Conveyance of Receivables.....................................      2
Section 2.2.      Representations and Warranties of the
                         Sellers Relating to the Sellers
                         and the Agreement......................................      5
Section 2.3.      Representations and Warranties of the
                         Sellers Relating to the Receivables8
Section 2.4.      Addition of Accounts..........................................      9
Section 2.5.      Covenants of the Sellers......................................     12
Section 2.6.      Removal of Eligible Accounts..................................     13
Section 2.7.      Removal of Ineligible Accounts................................     15
Section 2.8.      Sale of Ineligible Receivables................................     16

                                  ARTICLE III
                  Administration and Servicing of Receivables

Section 3.1.      Acceptance of Appointment and Other
                         Matters Relating to the Servicer.......................     16
Section 3.2.      Servicing Compensation........................................     17

                                  ARTICLE IV
                       Rights of Certificateholders and
                   Allocation and Application of Collections

Section 4.1.      Allocations and Applications of Collections
                         and Other Funds........................................     17

                                   ARTICLE V
                     Other Matters Relating to the Sellers

Section 5.1.      Merger or Consolidation of, or Assumption of,
                         the Obligations of the Sellers.........................     17
Section 5.2.      Sellers' Indemnification of the Buyer.........................     18
</TABLE>

                                      -i-
<PAGE>

<TABLE>
<S>                                                                                  <C>
                                  ARTICLE VI
                                Termination......................................... 18

                                  ARTICLE VII
                           Miscellaneous Provisions

Section 7.1.      Amendment......................................................... 19
Section 7.2.      Protection of Right, Title and
                         Interest to Receivables.................................... 20
Section 7.3.      Limited Recourse.................................................. 21
Section 7.4.      No Petition....................................................... 21
Section 7.5.      GOVERNING LAW..................................................... 22
Section 7.6.      Notices........................................................... 22
Section 7.7.      Severability of Provisions........................................ 22
Section 7.8.      Assignment........................................................ 22
Section 7.9.      Further Assurances................................................ 22
Section 7.10.     No Waiver; Cumulative Remedies.................................... 22
Section 7.11.     Counterparts...................................................... 23
Section 7.12.     Third-Party Beneficiaries......................................... 23
Section 7.13.     Merger and Integration............................................ 23
Section 7.14.     Headings.......................................................... 23
Section 7.15.     Continued Effectiveness of the
                         Receivables Contribution and
                         Sale Agreement............................................. 23
Section 7.16.     Submission to Jurisdiction........................................ 23
</TABLE>

                                     -ii-
<PAGE>

EXHIBITS

Exhibit A         Form of Assignment of Receivables in Additional Accounts

Exhibit B         Form of Opinion of Counsel regarding Amendments

Exhibit C         Form of Reassignment of Receivables in Removed Accounts

Schedule 1        List of Accounts

                                     -iii-
<PAGE>

     RECEIVABLES CONTRIBUTION AND SALE AGREEMENT, dated as of December 1, 1993,
amended and restated as of March 1, 1994, amended as of January 24, 1996 and
amended and restated as of October 1, 1996, among DEUTSCHE FLOORPLAN
RECEIVABLES, L.P., a Delaware limited partnership, formerly known as ITT
Floorplan Receivables, L.P., as Buyer, DEUTSCHE FINANCIAL SERVICES CORPORATION
("DFS"), a Nevada corporation, formerly known as ITT Commercial Finance Corp.,
and DEUTSCHE BUSINESS SERVICES CORPORATION ("Deutsche BSC"), a Missouri
corporation, formerly known as ITT Business Services Corporation, as Sellers.

                              W I T N E S E T H:

     WHEREAS the Sellers in the ordinary course of their businesses finance the
purchase of floorplan inventory, accounts receivable and other assets of dealers
in, and manufacturers of, commercial and consumer products, thereby generating
certain payment obligations;

     WHEREAS the Sellers wish to sell or contribute certain of such existing and
future payment obligations from time to time to the Buyer; and

     WHEREAS the Buyer desires to sell such payment obligations to the Deutsche
Floorplan Receivables Master Trust, pursuant to a Pooling and Servicing
Agreement dated as of December 1, 1993, amended and restated as of March 1,
1994, amended as of January 24, 1996, and amended and restated as of October 1,
1996 (as the same may from time to time be amended, supplemented or otherwise
modified, the "Pooling and Servicing Agreement"), among the Buyer, as seller,
DFS, as servicer, and The Chase Manhattan Bank, as trustee (the "Trustee").

     WHEREAS the Sellers and the Buyer desire to amend and restate this
Agreement.

     NOW THEREFORE, the parties hereto agree as follows:

                                   ARTICLE I

                                  Definitions
                                  -----------

     Section 1.1.  Definitions. Capitalized terms used herein but not otherwise
                   -----------
defined shall have the meanings set forth in the Pooling and Servicing
Agreement. The rules of construction in Sections 1.2 and 1.3 of the Pooling and
Servicing Agreement shall be applied to this Agreement. In addition, the term
"Agreement" means this Receivables Contribution and Sale Agreement, as the same
may from time to time be amended, supplemented or otherwise modified.
<PAGE>

     Section 1.2.  Other Definitional Provisions. (a) The words "hereof",
                   -----------------------------
"herein" and "hereunder" and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of
this Agreement; Article, Section, Schedule, and Exhibit references are
references to Sections, Schedules and Exhibits in or to this Agreement unless
otherwise specified; and the term "including" shall mean "including without
limitation".

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

                                  ARTICLE II

                           Conveyance of Receivables
                           -------------------------

     Section 2.1.  Conveyance of Receivables. By execution of this Agreement,
                   -------------------------
each Seller does hereby sell, transfer, assign, set over and otherwise convey,
without recourse (except as expressly provided herein), to the Buyer on the
first Closing Date, in the case of Initial Accounts, and on the applicable
Addition Date, in the case of Additional Accounts, all of its right, title and
interest in, to and under the Receivables in each Account and all Collateral
Security with respect thereto owned by such Seller at the close of business on
the Cut-Off Date, in the case of the Initial Accounts, and on the applicable
Additional Cut-Off Date, in the case of Additional Accounts, and all monies due
or to become due and all amounts received with respect thereto and all proceeds
(including "proceeds" as defined in Section 9-306 of the UCC as in effect in the
State of Missouri and the State of Georgia, as applicable, and Recoveries)
thereof and all of such Seller's rights, remedies, powers and privileges with
respect to such Receivables under the related Floorplan Agreements. Subject to
Article VI, as of each Business Day prior to the earlier of (x) the occurrence
of an Early Amortization Event specified in Section 9.1(b), (c), (d), or (e) of
the Pooling and Servicing Agreement and (y) the Trust Termination Date, on which
Receivables are created in the Accounts (a "Transfer Date"), each Seller does
                                            -------------
hereby sell, transfer, assign, set over and otherwise convey, without recourse
(except as expressly provided herein), to the Buyer, all of its right, title and
interest in, to and under the Receivables in each Account (other than any
Receivables created in any Removed Account from and after the applicable Removal
Date) and all Collateral Security with respect thereto owned by such Seller at
the close of business on such Transfer Date and not theretofore conveyed to the
Buyer, all monies due or to become due and all amounts received with respect
thereto and all proceeds (including "proceeds" as defined in Section 9-306 of
the UCC as in effect in the State of

                                      -2-
<PAGE>

Missouri and the State of Georgia, as applicable, and Recoveries) thereof and
all of such Seller's rights, remedies, powers and privileges with respect to
such Receivables under the related Floorplan Agreements. The foregoing sale,
transfer, assignment, set-over and conveyance and any subsequent sales,
transfers, assignments, set-overs and conveyances do not constitute, and are not
intended to result in, the creation or an assumption by the Buyer of any
obligation of the Servicer, either Seller or any other Person in connection with
the Accounts, the Receivables or under any agreement or instrument relating
thereto, including any obligation under the Financing Agreements, the Floorplan
Agreements and any Participation Agreement and any other obligation to any
Dealer or Manufacturer.

     To the extent, if any, that a Receivable and its Collateral Security was
subject to a participation arrangement under which DFS and Deutsche BSC owned
undivided interests in such Receivable and Collateral Security immediately prior
to its conveyance hereunder, DFS and Deutsche BSC are hereby selling,
transferring, assigning, setting over and conveying to the Buyer all of their
right, title and interest in their respective undivided interests in such
Receivable and Collateral Security, such that the Buyer owns the entire
Receivable and its Collateral Security free of any such participation
arrangement.

     On the Closing Date, pursuant to the terms of this Section 2.1, (i) DFS
shall contribute as capital to the Buyer Receivables in the amount of
$2,245,412,372.69, together with the related Collateral Security and Floorplan
Rights (defined below) and (ii) Deutsche BSC shall sell to the Buyer Receivables
in the amount of $2,632,722.01, together with the related Collateral Security
and Floorplan Rights. Subject to Article VI, the purchase price for the
Receivables sold by (a) Deutsche BSC to the Buyer on the Closing Date and (b) by
each of the Sellers to the Buyer on each Addition Date and on each Transfer Date
thereafter shall be a price agreed to by the Buyer and each Seller at the time
of acquisition by the Buyer, which price shall not, in the opinion of the Buyer,
be materially less favorable to the Buyer than prices for transactions of a
generally similar character at the time of the acquisition taking into account
the quality of such Receivables and other pertinent factors, including, without
limitation, prevailing interest rates; provided that such consideration shall in
                                       -------- ----
any event not be less than reasonably equivalent value therefor.

     At its option from time to time, DFS may convey as a capital contribution
to the Buyer (or convey as a capital contribution to the general partner of the
Buyer which may then convey as a capital contribution to the Buyer) Receivables
together with the related Collateral Security and Floorplan Rights (or interests
in any of the foregoing).

                                      -3-
<PAGE>

     In connection with such contributions and sales, each Seller agrees to
record and file, at its own expense, a financing statement on form UCC-1 (and
continuation statements when applicable) naming the applicable Seller as
"seller" and the Buyer as "Purchaser" thereon with respect to the Receivables
now existing and hereafter created for the sale of chattel paper, accounts or
general intangibles (as defined in Section 9-105 of the UCC as in effect in any
state where such Seller's or the Servicer's chief executive offices or books and
records relating to the Receivables are located) meeting the requirements of
applicable state law in such manner and in such jurisdictions as are necessary
to perfect the sale and assignment of the Receivables, the Collateral Security
and all of such Seller's rights, remedies, powers and privileges with respect to
such Receivables under the related Floorplan Agreements (the "Floorplan Rights")
to the Buyer, and to deliver a file-stamped copy of such financing statements or
other evidence of such filing to the Buyer on or prior to the first Closing
Date, in the case of Initial Accounts, and (if any additional filing is so
necessary) the applicable Addition Date, in the case of Additional Accounts. In
addition, each Seller shall cause to be timely filed in the appropriate filing
office any UCC-1 financing statement and continuation statement necessary to
perfect any sale of Receivables to the Seller. The Buyer shall be under no
obligation whatsoever to file such financing statement, or a continuation
statement to such financing statement, or to make any other filing under the UCC
in connection with such contribution and sales. The parties hereto intend that
the transfers of Receivables and other items effected by this Agreement be sales
(or, in the case of contributions, true contributions).

     In connection with such contribution and sales, each Seller further agrees,
at its own expense, on or prior to the first Closing Date, in the case of
Initial Accounts, the applicable Addition Date, in the case of Additional
Accounts, and the applicable Removal Date, in the case of Removed Accounts, (a)
to indicate in its books and records, which may include computer files, that the
Receivables created in connection with the Accounts (other than Removed
Accounts) have been sold, and the Collateral Security and the Floorplan Rights
assigned, to the Buyer pursuant to this Agreement and sold to the Trust pursuant
to the Pooling and Servicing Agreement for the benefit of the Certificateholders
and the other Beneficiaries and (b) to deliver to the Buyer a computer file or
microfiche or written list containing a true and complete list of all such
Accounts (other than Removed Accounts) specifying for each such Account, as of
the Cut-Off Date, in the case of Initial Accounts, and the applicable Additional
Cut-Off Date, in the case of Additional Accounts, (i) its account number and
(ii) the aggregate amount of Principal Receivables in such Account. Such file or
list, as supplemented from time to time to reflect Additional Accounts and
Removed Accounts, shall be marked as

                                      -4-
<PAGE>

Schedule 1 to this Agreement and is hereby incorporated into and made a part of
this Agreement.

     In the event that such contributions, sales and assignments are deemed to
constitute a pledge of security for a loan, it is the intent of this Agreement
that each Seller shall be deemed to have granted to the Buyer a first priority
perfected security interest in all of such Seller's right, title and interest to
and under the Receivables, the Collateral Security and all proceeds thereof and
the Floorplan Agreements, and that this Agreement shall constitute a security
agreement under applicable law.

     Section 2.2.  Representations and Warranties of the Sellers Relating to
                   ---------------------------------------------------------
the Sellers and the Agreement. Each Seller hereby represents and warrants to the
-----------------------------
Buyer, as to itself and the Receivables being transferred and sold by it
hereunder, as of each Closing Date that:

          (a)  Organization and Good Standing. Such Seller is a corporation duly
               ------------------------------
     organized and validly existing and in good standing under the laws of the
     state of its incorporation and has, in all material respects, full
     corporate power, authority and legal right to own its properties and
     conduct its business as such properties are presently owned and such
     business is presently conducted, and to execute, deliver and perform its
     obligations under this Agreement.

          (b)  Due Qualification. Such Seller is duly qualified to do business
               -----------------
     and, where necessary, is in good standing as a foreign corporation (or is
     exempt from such requirement) and has obtained all necessary licenses and
     approvals in each jurisdiction in which the conduct of its business
     requires such qualification except where the failure to so qualify or
     obtain licenses or approvals would not have a material adverse effect on
     its ability to perform its obligations hereunder.

          (c)  Due Authorization. The execution and delivery of this Agreement
               -----------------
     and the consummation of the transactions provided for or contemplated by
     this Agreement have been duly authorized by such Seller by all necessary
     corporate action on the part of the Seller and are within its corporate
     powers.

          (d)  No Conflict. The execution and delivery of this Agreement, the
               -----------
     performance of the transactions contemplated by this Agreement and the
     fulfillment of the terms hereof and thereof, will not conflict with, result
     in any breach of any of the material terms and provisions of, or constitute
     (with or without notice or lapse of time or both) a material default under,
     any indenture, contract, agreement, mortgage, deed of trust, or other
     instrument to which such Seller is a party or by which it or its properties
     are bound.

                                      -5-
<PAGE>

          (e)  No Violation. The execution and delivery of this Agreement, the
               ------------
     performance of the transactions contemplated by this Agreement and the
     fulfillment of the terms hereof and thereof applicable to such Seller, will
     not conflict with or violate any material Requirements of Law applicable to
     such Seller or conflict with, violate, result in any breach of any of the
     material terms and provisions of, or constitute (with or without notice or
     lapse of time or both) a material default under any indenture, contract,
     agreement, mortgage, deed of trust, or other instrument to which either
     Seller is a party or by which such Seller is bound.

          (f)  No Proceedings. There are no proceedings or, to the best
               --------------
     knowledge of such Seller, investigations, pending or threatened against
     such Seller, before any Governmental Authority (i) asserting the invalidity
     of this Agreement, (ii) seeking to prevent the consummation of any of the
     transactions contemplated by this Agreement, (iii) seeking any
     determination or ruling that, in the reasonable judgment of such Seller,
     would materially and adversely affect the performance by such Seller of its
     obligations under this Agreement, (iv) seeking any determination or ruling
     that would materially and adversely affect the validity or enforceability
     of this Agreement or (v) seeking to affect adversely the income tax
     attributes of the Trust under the United States federal or any state
     income, single business or franchise tax systems.

          (g)  All Consents Required. All appraisals, authorizations, consents,
               ---------------------
     orders, approvals or other actions of any Person or of any governmental
     body or official required in connection with the execution and delivery of
     this Agreement, the performance of the transactions contemplated by this
     Agreement, and the fulfillment of the terms hereof or thereof, have been
     obtained.

          (h)  Enforceability. This Agreement constitutes a legal, valid and
               --------------
     binding obligation of such Seller enforceable against such Seller in
     accordance with its terms, except as such enforceability may be limited by
     applicable bankruptcy, insolvency, reorganization, moratorium or other
     similar laws now or hereafter in effect affecting the enforcement of
     creditors' rights in general and except as such enforceability may be
     limited by general principles of equity (whether considered in a suit at
     law or in equity).

          (i)  Record of Accounts. As of the first Closing Date, in the case of
               ------------------
     Initial Accounts, as of the applicable Addition Date, in the case of the
     Additional Accounts, and, as of the applicable Removal Date, in the case of
     Removed Accounts, Schedule 1 to this Agreement is an accurate and complete

                                      -6-
<PAGE>

     listing in all material respects of all the Accounts as of the Cut-Off
     Date, the applicable Additional Cut-Off Date or the applicable Removal
     Date, as the case may be, and the information contained therein with
     respect to the identity of such Accounts and the Receivables existing
     thereunder is true and correct in all material respects as of the Cut-Off
     Date, such applicable Additional Cut-Off Date or such Removal Date, as the
     case may be.

          (j)  Valid Transfer. This Agreement or, in the case of Additional
               --------------
     Accounts, the related Assignment constitutes a valid sale, transfer and
     assignment to the Buyer of all right, title and interest of such Seller in
     the Receivables and the Collateral Security and the proceeds thereof. Upon
     the filing of the financing statements described in Section 2.1 with the
     Secretary of State of the State of Missouri and the County Recorder of St.
     Louis County in the State of Missouri with respect to DFS and the County
     Recorder of Cobb County in the State of Georgia, in the case of Deutsche
     BSC and, in the case of the Receivables hereafter created and the proceeds
     thereof, upon the creation thereof, the Buyer shall have a first priority
     perfected ownership interest in such property. Except as otherwise provided
     in the Pooling and Servicing Agreement, neither such Seller nor any Person
     claiming through or under such Seller has any claim to or interest in the
     Trust Assets.

     The representations and warranties set forth in this Section 2.2 shall
survive the transfer and assignment of the Receivables to the Buyer. Upon
discovery by a Seller or the Buyer of a breach of any of the foregoing
representations and warranties, the party discovering such breach shall give
prompt written notice to the other parties.

     In the event of any breach of any of the representations and warranties set
forth in this Section 2.2 and if, in connection therewith, the Buyer shall be
obligated to purchase the Certificateholders' Interest pursuant to Section 2.3
of the Pooling and Servicing Agreement, the Sellers shall repurchase the
Receivables, the Collateral Security and Floorplan Rights respectively conveyed
by them and shall pay to the Buyer on the Business Day preceding the
Distribution Date on which such purchase of the Certificateholders' Interest is
to be made an amount equal to the purchase price for the Certificateholders'
Interest as specified in the Pooling and Servicing Agreement. The obligation of
the Seller to purchase the Receivables pursuant to this Section 2.2 shall
constitute the sole remedy against such Seller respecting an event of the type
specified in the first sentence of this paragraph available to the Buyer and to
the Investor Certificateholders (or the Trustee on behalf of the Investor
Certificateholders).

                                      -7-
<PAGE>

     Section 2.3.  Representations and Warranties of the Sellers Relating to
                   ---------------------------------------------------------
the Receivables.
---------------

     (a)  Representations and Warranties. Each Seller hereby represents and
          ------------------------------
warrants to the Buyer, with respect to the Receivables conveyed by such Seller,
that:

          (i)   Each Receivable and all Collateral Security existing on the
     first Closing Date or, in the case of Additional Accounts, on the
     applicable Addition Date, and on each Transfer Date, has been conveyed to
     the Buyer free and clear of any Lien.

          (ii)  With respect to each Receivable and all Collateral Security
     existing on the first Closing Date or, in the case of Additional Accounts,
     on the applicable Addition Date, and on each Transfer Date, all consents,
     licenses, approvals or authorizations of or registrations or declarations
     with any Governmental Authority required to be obtained, effected or given
     by such Seller in connection with the conveyance of such Receivable or
     Collateral Security to the Buyer have been duly obtained, effected or given
     and are in full force and effect.

          (iii) On the Cut-Off Date and each Closing Date, each Initial Account
     is an Eligible Account and, in the case of Additional Accounts, on the
     applicable Additional Cut-Off Date and each subsequent Closing Date, each
     such Additional Account is an Eligible Account.

          (iv)  On the first Closing Date, in the case of the Initial Accounts,
     and, in the case of the Additional Accounts, on the applicable Additional
     Cut-Off Date, and on each Transfer Date, each Receivable conveyed to the
     Buyer on such date is an Eligible Receivable or, if such Receivable is not
     an Eligible Receivable, such Receivable is conveyed to the Buyer in
     accordance with Section 2.8.

          (v)   Each Participation Agreement, if any, relating to Receivables
     conveyed by such Seller permits the transfer of such Receivables to the
     Buyer and the Trust and provides that the undivided interest of such
     participant is pari passu in all respects (other than non-subordinated
                    ---- -----
     interest strips and fees) with the remaining undivided interest in the
     related Receivables. If such Participation Agreement was created after
     December 1, 1993, such Participation Agreement states that the related
     undivided interest of such Seller may be transferred to a securitization
     vehicle and contains an agreement by the participant that such participant
     shall have no rights against the securitization vehicle or any successor
     servicer for such securitization vehicle, other than in

                                      -8-
<PAGE>

     connection with funds allocable to the participant that have been
     improperly withheld by the securitization vehicle.

     (b)  Notice of Breach. The representations and warranties set forth in this
          ----------------
Section 2.3 shall survive the transfer and assignment of the Receivables to the
Buyer. Upon discovery by such Seller or the Buyer of a breach of any of the
representations and warranties set forth in this Section 2.3, the party
discovering such breach shall give prompt written notice to the other parties.

     (c)  Repurchase. In the event any representation or warranty under Section
          ----------
2.3(a) is not true and correct as of the date specified therein with respect to
any Receivable or Account and the Buyer is, in connection therewith, required to
purchase such Receivable or all Receivables in such Account pursuant to Section
2.4(c) of the Pooling and Servicing Agreement, then, within 30 days (or such
longer period as may be agreed to by the Buyer) of the earlier to occur of the
discovery of any such event by a Seller or the Buyer, or receipt by either
Seller or the Buyer of written notice of any such event given by the Trustee or
any Enhancement Providers, the applicable Seller shall repurchase the Receivable
or Receivables, if any, of which the Buyer is required to accept reassignment
pursuant to the Pooling and Servicing Agreement on the Business Day preceding
the Determination Date on which such reassignment is to occur.

     The applicable Seller shall purchase each such Receivable by making a
payment to the Buyer in immediately available funds on the Business Day
preceding the Distribution Date on which such reassignment is to occur in an
amount equal to the Purchase Price for such Receivable. Upon payment of the
Purchase Price, the Buyer shall automatically and without further action be
deemed to sell, transfer, assign, set over and otherwise convey to such Seller,
without recourse, representation or warranty, all the right, title and interest
of the Buyer in and to such Receivable, all Collateral Security, the related
Floorplan Rights and all monies due or to become due with respect thereto and
all proceeds thereof. The Buyer shall execute such documents and instruments of
transfer or assignment and take such other actions as shall reasonably be
requested by such Seller to effect the conveyance of such Receivables pursuant
to this Section. The obligation of such Seller to repurchase any such Receivable
shall constitute the sole remedy respecting the event giving rise to such
obligation available to the Buyer and to the Certificateholders (or the Trustee
on behalf of Certificateholders).

     Section 2.4.  Addition of Accounts. (a) Each Seller may from time to time
                   --------------------
offer to voluntarily designate additional Eligible Accounts to be included as
Accounts, subject to the conditions specified in paragraph (b) below. If any
such offer is accepted by the Buyer, Receivables and Collateral Security, if
any, from such

                                      -9-
<PAGE>

Additional Accounts shall be sold to the Buyer (or contributed to the Buyer in
accordance with Section 2.1) effective on a date (the "Addition Date")
                                                       -------------
specified in a written notice provided by the Seller (or the Servicer on its
behalf) to the Buyer and any Enhancement Providers specifying the Additional
Cut-Off Date and the Addition Date for such Additional Accounts (the "Addition
                                                                      --------
Notice") on or before the fifth Business Day but not more than the 30th day
------
prior to the related Addition Date or, if the Automatic Addition Condition is
satisfied, on the Determination Date following the Collection Period in which
such Addition Dates occur (the "Notice Date").  An Addition Notice may relate to
                                -----------
one or more Accounts on one or more Addition Dates.

     (b)  Each Seller shall be permitted to convey to the Buyer the Receivables
and all Collateral Security, if any, related thereto in any Additional Accounts
designated by such Seller as such pursuant to Section 2.4(a) only upon
satisfaction of each of the following conditions on or prior to the related
Addition Date (except for the condition in clause (vii), if applicable, which
shall be satisfied on or before the tenth Business Day after such Notice Date):

          (i)   Such Seller shall provide the Buyer and any Enhancement
     Providers with a timely Addition Notice.

          (ii)  Such Additional Accounts shall all be Eligible Accounts.

          (iii) Such Seller shall have delivered to the Buyer a duly executed
     written assignment (including an acceptance by the Buyer) covering the
     Receivables specified in the Addition Notice in substantially the form of
     Exhibit A modified, if applicable, to reflect contributions to (and by) the
     general partner of the Buyer (the "Assignment") and the computer file or
                                        ----------
     microfiche or written list required to be delivered pursuant to Section
     2.1.

          (iv)  Such Seller shall have delivered to the Buyer for deposit in the
     Collection Account all Collections with respect to such Additional Accounts
     since the Additional Cut-Off Date.

          (v)   (A) No selection procedures believed by such Seller to be
     adverse to the interests of the Buyer or the Beneficiaries were used in
     selecting such Additional Accounts; (B) the list of Additional Accounts
     delivered pursuant to clause (iii) above is true and correct in all
     material respects as of the Additional Cut-Off Date and (C) as of each of
     the Notice Date and the Addition Date, neither such Seller, the Buyer nor
     the servicer are insolvent nor will have been made insolvent by such
     transfer nor are aware of any pending insolvency.

                                      -10-
<PAGE>

          (vi)   If the Automatic Addition Condition is not satisfied with
     respect to such addition, the Rating Agency Condition shall have been
     satisfied with respect to such addition.

          (vii)  If (A) one or more of the Additional Accounts specified in such
     Addition Notice will contain Receivables secured by a security interest in
     a type of Product that has not been previously financed in the Floorplan
     Business or (B) one or more of the Additional Accounts is supported by a
     Floorplan Agreement with a Manufacturer that, as of the related Addition
     Date, is not an Existing Manufacturer, then, whether or not the Automatic
     Condition is satisfied, the Rating Agency Condition shall have been
     satisfied in respect of the addition of each Additional Account specified
     in clauses (A) and (B) on or prior to the related Addition Date.

          (viii) The addition of the Receivables arising in such Additional
     Accounts shall not result in the occurrence of an Early Amortization Event.

          (ix)   Such Seller shall have delivered to the Buyer and any
     Enhancement Providers a certificate of a Vice President or more senior
     officer confirming the items set forth in paragraphs (ii) through (vi) and
     (viii) above.

          (x)    Such Seller shall have delivered to the Trustee and any
     Enhancement Providers (A) an Opinion of Counsel with respect to the
     Receivables in the Additional Accounts added since the last delivery of
     such opinion substantially in the form of Exhibit G-2 to the Pooling and
     Servicing Agreement and (B) except in the case of an addition in connection
     with an addition of Receivables by the Buyer to the Trust required by
     Section 2.5(a) of the Pooling and Servicing Agreement, a Tax Opinion with
     respect to such addition; provided that if such Opinion of Counsel and Tax
     Opinion are required to be delivered, they shall be rendered by outside
     counsel no less frequently than quarterly.

     (c)  Each Seller hereby represents and warrants as of the applicable
Addition Date as to the matters set forth in Section 2.4(b)(v). The
representations and warranties set forth in Section 2.4(b)(v) shall survive the
sale and assignment of the respective Receivables and Collateral Security, if
any, to the Buyer. Upon discovery by either Seller or the Buyer of a breach of
any of the foregoing representations and warranties, the party discovering the
breach shall give prompt written notice to the other parties and to any
Enhancement Providers.

     (d)  Notwithstanding anything in this Section 2.4 to the contrary, the
additions of Additional Accounts pursuant to Section

                                      -11-
<PAGE>

2.5 on or prior to the Closing Date for Series 1994-1 need not satisfy clause
(i), (vi), (vii) or (x).

     Section 2.5.  Covenants of the Sellers. Each Seller hereby covenants that:
                   ------------------------

          (a)  No Liens. Except for the conveyances hereunder and the conveyance
               --------
     of Participation Interests pursuant to the terms of any Participation
     Agreements, such Seller will not sell, pledge, assign or transfer to any
     other Person, or grant, create, incur, assume or suffer to exist any Lien
     on, any Receivable or any Collateral Security, whether now existing or
     hereafter created, or any interest therein, and such Seller shall defend
     the right, title and interest of the Buyer and the Trust in, to and under
     the Receivables and the Collateral Security, whether now existing or
     hereafter created, against all claims of third parties claiming through or
     under such Seller.

          (b)  Financing Agreements and Guidelines. Each Seller shall comply
               -----------------------------------
     with and perform its servicing obligations with respect to the Accounts and
     Receivables in accordance with (i) the Wholesale Financing Agreements,
     Accounts Receivable Financing Agreements, Asset Based Lending Financing
     Agreements and Unsecured Receivable Financing Agreements relating to the
     Accounts and (ii) the Financing Guidelines, except insofar as any failure
     to so comply or perform would not materially and adversely affect the
     rights of the Buyer, the Trust or any of the Beneficiaries. Subject to
     compliance with all Requirements of Law, such Seller may change the terms
     and provisions of (i) the Wholesale Financing Agreements, Accounts
     Receivable Financing Agreements, Asset Based Lending Financing Agreements
     and Unsecured Receivable Financing Agreements or (ii) the Financing
     Guidelines in any respect (including the calculation of the amount or the
     timing of charge-offs and the rate of the finance charge assessed thereon)
     only if such change would be permitted pursuant to Section 3.1(d) of the
     Pooling and Servicing Agreement.

          (c)  Account Allocations. In the event that such Seller is unable for
               -------------------
     any reason to transfer Receivables to the Buyer, then such Seller agrees
     that it shall allocate, after the occurrence of such event, payments on
     each Account with respect to the principal balance of such Account first to
     the oldest principal balance of such Account and to have such payments
     applied as Collections in accordance with the terms of the Pooling and
     Servicing Agreement. The parties hereto agree that Non-Principal
     Receivables, whenever created, accrued in respect of Principal Receivables
     which have been conveyed to the Buyer and by the Buyer to the Trust shall
     continue to be a part of the Trust notwithstanding any

                                      -12-
<PAGE>

     cessation of the transfer of additional Principal Receivables to the Buyer
     and Collections with respect thereto shall continue to be allocated and
     paid in accordance with Article IV of the Pooling and Servicing Agreement.

          (d)  Delivery of Collections. In the event that such Seller receives
               -----------------------
     Collections, such Seller agrees to pay the Servicer or any Successor
     Servicer all payments received by the Seller in respect of the Receivables
     as soon as practicable after receipt thereof by such Seller, but in no
     event later than two Business Days after the receipt by such Seller
     thereof.

          (e)  Notice of Liens. Each Seller shall notify the Buyer and the
               ---------------
     Trustee promptly after becoming aware of any Lien on any Receivable
     conveyed by such Seller other that the conveyances hereunder or under the
     Pooling and Servicing Agreement.

          (f)  Compliance with Law. Each Seller hereby agrees to comply in all
               -------------------
     material respects with all Requirements of Law applicable to such Seller.

          (g)  Concentration of Risk. In order to avoid a concentration of the
               ---------------------
     risks associated with participating its extensions of credit to Dealers,
     each Seller may create Participation Interests in its receivables to be
     sold or contributed to the Buyer in the same manner and using the same
     standards as such Seller does in creating participation interests in
     receivables to be retained by such Seller.

          (h)  Limitation on Creation of Participation Interests. Such Seller
               -------------------------------------------------
     shall not create Participation Interests in its receivables to the extent
     that the creation of such Participation Interests would, at the time of
     such creation, cause the Pool Balance to be less than the Required
     Participation Amount.

          (i)  Performance of Floorplan Agreements. Such Seller shall perform
               -----------------------------------
     its obligations under each Floorplan Agreement in accordance with the
     terms thereof in all material respects.

     Section 2.6.  Removal of Eligible Accounts. (a) On each Determination Date
                   ----------------------------
on which Accounts, including all amounts then held by the Trust or thereafter
received by the Trust with respect to such Accounts, are removed from the Trust
pursuant to Section 2.7 of the Pooling and Servicing Agreement, the Buyer shall
be deemed to have offered to the applicable Seller automatically and without
notice to or action by or on behalf of the Buyer, the right to remove Eligible
Accounts from the operation of this Agreement in the manner prescribed in
Section 2.6(b), subject to Section 2.6(d).

                                      -13-
<PAGE>

The termination of an Account by a Dealer upon such Dealer's payment in full of
such Account shall not be a removal of an Account under this Section.

     (b)  To accept such offer and remove Accounts, including all amounts then
held by the Trust or thereafter received by the Trust with respect to such
Accounts, the applicable Seller (or the Servicer on its behalf) shall take the
following actions and make the following determinations:

          (i)   not less than five Business Days prior to the Removal Date,
     furnish to the Buyer, the Trustee, any Enhancement Providers and the Rating
     Agencies a written notice (the "Removal Notice") specifying the
     Determination Date (which may be the Determination Date on which such
     notice is given) on which removal of the Receivables of one or more
     Accounts (the "Removed Accounts") will occur (a "Removal Date");
                    ----------------                  ------------

          (ii)  from and after such Removal Date, cease to transfer to the Buyer
     any and all Receivables arising in such Removed Accounts;

          (iii) represent and warrant that the removal of any such Eligible
     Account on any Removal Date shall not, in the reasonable belief of such
     Seller, cause an Early Amortization Event to occur or cause the Pool
     Balance to be less than the Required Participation Amount;

          (iv)  represent and warrant that no selection procedures believed by
     such Seller to be adverse to the interests of the Beneficiaries were
     utilized in selecting the Accounts to be removed; and

          (v)   on or before the fifth Business Day after the Removal Date,
     furnish to the Trustee a computer file, microfiche list or other list of
     the Removed Accounts that were removed on the Removal Date, specifying for
     each Removed Account as of the date of the Removal Notice its number, the
     aggregate amount outstanding in such Removed Account and the aggregate
     amount of Principal Receivables therein and represent that such computer
     file, microfiche list or other list of the Removed Accounts is true and
     complete in all material respects.

     (c) Subject to Section 2.6(b), on the Removal Date with respect to any such
Removed Account, such Removed Account shall be deemed removed by operation of
this Agreement for all purposes. After the Removal Date and upon the written
request of the Servicer, the Buyer, subject to Section 2.6(d), shall deliver to

                                      -14-
<PAGE>

the applicable Seller a reassignment in substantially the form of Exhibit C (the
"Reassignment").
 ------------

     (d)  Notwithstanding any other provision of this Agreement, the Buyer shall
have the right to consent or to decline to consent to any removal of Removed
Accounts (and the related Receivables) to a Seller pursuant to this Section 2.6.
If the Buyer declines to consent to any such removal of Removed Accounts (and
the related Receivables) to a Seller, the Buyer shall provide notice thereof to
the Rating Agencies.

     Section 2.7.  Removal of Ineligible Accounts. (a) On any date on which an
                   ------------------------------
Account becomes an Ineligible Account (which shall be deemed the Removal
Commencement Date with respect to such Account), the applicable Seller shall
commence removal of such Ineligible Account in the manner prescribed in Section
2.7(b).

     (b)  With respect to each Account that becomes an Ineligible Account, the
applicable Seller (or the Servicer on its behalf) shall take the following
actions and make the following determinations:

          (i)   furnish to the Buyer, the Trustee and any Enhancement Providers
     a Removal Notice specifying a Removal Commencement Date and the Ineligible
     Accounts to be treated as Designated Accounts;

          (ii)  determine on the Removal Commencement Date with respect to such
     Designated Accounts the Designated Balance with respect to each such
     Designated Account and amend Schedule 1 by delivering to the Buyer a
     computer file or microfiche or written list containing a true and complete
     list of the Removed Accounts specifying for each such Account, as of the
     Removal Commencement Date, its account number, the aggregate amount of
     Receivables outstanding in such Account and the Designated Balance;

          (iii) from and after such Removal Commencement Date, cease to transfer
     to the Buyer any and all Receivables arising in such Designated Accounts;

          (iv)  if such Account was an Ineligible Account at the time it was
     originally designated as an Account, from and after such Removal
     Commencement Date, allocate Collections of Principal Receivables in respect
     of each Designated Account, first to the oldest outstanding principal
     balance of such Designated Account, until the Removal Date with respect
     thereto; and

          (v)   if such Account was an Ineligible Account at the time it was
     originally designated as an Account, on each

                                      -15-
<PAGE>

     Business Day from and after such Removal Commencement Date to and until the
     related Removal Date, allocate (A) to the Buyer Defaulted Receivables and
     Collections of Non-Principal Receivables and Collections of Non-Principal
     Receivables in respect of each Designated Account, based on the ratio of
     the aggregate amount of Principal Receivables in all Designated Accounts
     sold to the Buyer on such Business Day to the total aggregate amount of
     Principal Receivables in all such Designated Accounts on such Business Day
     and (B) to such Seller, the remainder of the Defaulted Receivables and
     Collections of Non-Principal Receivables in all such Designated Accounts on
     such Business Day.

     (c)  On the Removal Date with respect to any such Designated Account, such
Seller shall cease to allocate any Collections therefor in accordance herewith
and such Designated Account shall be deemed a Removed Account. After the Removal
Date and upon the written request of the Servicer, the Buyer shall deliver to
such Seller a Reassignment; provided, however, that notwithstanding any other
                            --------  -------
provision of this Agreement, unless such Account was an Ineligible Account at
the time it was originally designated as an Account, the Reassignment shall
reassign only the Account and shall not reassign any Receivable existing in such
Account as of the related Removal Date.

     Section 2.8.  Sale of Ineligible Receivables. Each Seller shall sell to the
                   ------------------------------
Buyer on each Transfer Date any and all Receivables arising in any Eligible
Accounts that are Ineligible Receivables, provided that on the Cut-Off Date or,
                                          --------
in the case of Receivables arising in Additional Accounts, on the related
Additional Cut-Off Date, and on the applicable Transfer Date, the Account in
which such Receivables arise is an Eligible Account.

                                  ARTICLE III

                  Administration and Servicing of Receivables
                  -------------------------------------------

     Section 3.1.  Acceptance of Appointment and Other Matters Relating to the
                   -----------------------------------------------------------
Servicer. (a) DFS agrees to act as the Servicer under this Agreement and the
--------
Pooling and Servicing Agreement, and the Buyer consents to DFS acting as
Servicer. DFS will have ultimate responsibility for servicing, managing and
making collections on the Receivables and will have the authority to make any
management decisions relating to such Receivables, to the extent such authority
is granted to the Servicer under this Agreement and the Pooling and Servicing
Agreement.

     (b)  DFS shall service and administer the Receivables in accordance with
the revisions of the Pooling and Servicing Agreement.

                                      -16-
<PAGE>

     Section 3.2.  Servicing Compensation. As full compensation for its
                   ----------------------
servicing activities hereunder and under the Pooling and Servicing Agreement,
DFS shall be entitled to receive the Servicing Fee on each Distribution Date so
long as it is the Servicer under the Pooling and Servicing Agreement. The
Servicing Fee shall be paid in accordance with the terms of the Pooling and
Servicing Agreement.

                                  ARTICLE IV

                       Rights of Certificateholders and
                   Allocation and Application of Collections
                   -----------------------------------------

     Section 4.1.  Allocations and Applications of Collections and Other Funds.
                   -----------------------------------------------------------
The Servicer will apply all Collections with respect to the Receivables and all
funds on deposit in the Collection Account as described in Article IV of the
Pooling and Servicing Agreement.

                                   ARTICLE V

                     Other Matters Relating to the Sellers
                     -------------------------------------

     Section 5.1.  Merger or Consolidation of, or Assumption of, the
                   -------------------------------------------------
Obligations of the Sellers. Neither Seller shall consolidate with or merge into
--------------------------
any other corporation or convey or transfer its properties and assets
substantially as an entirety to any Person, unless:

          (a)  the corporation formed by such consolidation or into which such
     Seller is merged or the Person which acquires by conveyance or transfer the
     properties and assets of such Seller substantially as an entirety shall be
     a corporation organized and existing under the laws of the United States of
     America or any State or the District of Columbia and, if such Seller is not
     the surviving entity, such corporation shall assume, without the execution
     or filing of any paper or any further act on the part of any of the parties
     hereto, the performance of every covenant and obligation of such Seller
     hereunder; and

          (b)  such Seller has delivered to the Buyer and the Trustee an
     Officers' Certificate and an Opinion of Counsel each stating that such
     consolidation, merger, conveyance or transfer comply with this Section 5.1
     and that all conditions precedent herein provided for relating to such
     transaction have been complied with.

                                      -17-
<PAGE>

     Section 5.2.  Sellers' Indemnification of the Buyer. Each Seller shall
                   -------------------------------------
indemnify and hold harmless the Buyer, from and against any loss, liability,
expense, claim, damage or injury suffered or sustained by reason of any acts,
omissions or alleged acts or omissions arising out of activities of such Seller
pursuant to this Agreement arising out of or based on the arrangement created by
this Agreement and the activities of such Seller taken pursuant thereto,
including any judgment, award, settlement, reasonable attorneys' fees and other
costs or expenses incurred in connection with the defense of any actual or
threatened action, proceeding or claim; provided, however, that such Seller
                                        --------  -------
shall not indemnify the Buyer if such acts, omissions or alleged acts or
omissions constitute fraud, gross negligence or wilful misconduct by the Buyer;
and provided further, that such Seller shall not indemnify the Buyer for any
    -------- -------
liabilities, cost or expense of the Buyer with respect to any federal, state or
local income or franchise taxes (or any interest or penalties with respect
thereto) required to be paid by the Buyer in connection herewith to any taxing
authority.  Any indemnification under this Article V shall survive the
termination of the Agreement.

                                  ARTICLE VI

                                  Termination
                                  -----------

     This Agreement will terminate immediately after the Trust terminates
pursuant to the Pooling and Servicing Agreement. In addition, the Buyer shall
not purchase Receivables from a Seller nor shall a Seller designate Additional
Accounts if such Seller shall become an involuntary party to (or be made the
subject of) any proceeding provided for by any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar proceedings of or relating to
such Seller or relating to all or substantially all of its property (an
"Involuntary Case") and such Involuntary Case shall have continued for a period
-----------------
of ten Business Days from and including the day of receipt by such Seller at its
principal corporate office of notice of such Involuntary Case; provided, that
                                                               --------  ----
during such ten Business Day period, the Buyer shall suspend its purchase of
Receivables and shall hold all Collections of Principal Receivables that would
have been available to purchase Receivables in the Collection Account and (a) if
by the first Business Day after such ten Business Day period, the Buyer has not
obtained an order from the court having jurisdiction of such case or filing
which order approves the continuation of the sale of Receivables by such Seller
to the Buyer and which provides that the Buyer and any of its transferees
(including the Trustee) may rely on such order for the validity and nonavoidance
of such transfer (the "Order"), the Buyer shall hold such Collections in the
                       -----
Collection Account until such time as they may be paid as elsewhere provided
herein and shall not purchase Receivables thereafter or designate Additional
Accounts for transfer to the Buyer, or (b) if by such

                                      -18-
<PAGE>

first Business Day, the Buyer has obtained such Order, such Seller may continue
selling Receivables, and the Buyer may continue purchasing Receivables, pursuant
to the terms hereof, as modified by the immediately succeeding sentence. During
the period after the ten Business Day period described above and before the end
of the 60-day period described below, the purchase price of the Receivables
transferred during such period, notwithstanding anything in this Agreement to
the contrary, shall be paid to such Seller by the Buyer in cash not later than
the same Business Day of any sale of Receivables. During such period,
Receivables will be considered transferred to the Buyer only to the extent that
the purchase price therefor has been paid in cash on the same Business Day. If
an Order is obtained but subsequently is reversed or rescinded or expires, such
Seller shall immediately cease selling Receivables to the Buyer and the Buyer
shall immediately cease buying Receivables. Each Seller shall give prompt
written notice to each of the Buyer and the Trustee immediately upon becoming a
party to an Involuntary Case. If by the first Business Day after the 60-day
period after such involuntary filing, such Involuntary Case has not been
dismissed, the Buyer shall not purchase thereafter Receivables or designated
Additional Accounts for transfer to the Issuer.

                                  ARTICLE VII

                           Miscellaneous Provisions
                           ------------------------

     Section 7.1.  Amendment. (a) This Agreement may be amended from time to
                   ---------
time by the Sellers and the Buyer; provided, however, that such action shall
                                   --------  -------
not, as evidenced by an Opinion of Counsel for the Sellers addressed and
delivered to the Trustee, adversely affect in any material respect the interests
of any Investor Certificateholder.

     (b)  This Agreement may also be amended from time to time by the Buyer and
the Sellers with the consent of the Holders of Investor Certificates evidencing
more than 50% of the aggregate unpaid principal amount of the Investor
Certificates of all materially adversely affected Series, for the purpose of
adding any provisions to or changing in any manner or eliminating any of the
provisions of this Agreement or of modifying in any manner the rights of the
Sellers; provided, however, that no such amendment shall (i) reduce in any
         --------  -------
manner the amount of or delay the timing of any distributions to be made to
Investor Certificateholders or deposits of amounts to be so distributed with the
amount available under any Enhancement without the consent of each affected
Investor Certificateholder, (ii) change the definition of or the manner of
calculating the interest of any Investor Certificateholders without the consent
of each affected Certificateholder, (iii) reduce the aforesaid percentage
required to consent to any such amendment

                                      -19-
<PAGE>

without the consent of each Certificateholder or (iv) adversely affect the
rating of any Series or Class by any Rating Agency without the consent of the
Holders of all of the Investor Certificates of such Series or Class. Any
amendment to be effected pursuant to this paragraph shall be deemed to
materially adversely affect all outstanding Series, other than any Series with
respect to which such action shall not, as evidenced by an Opinion of Counsel
for the Sellers, addressed and delivered to the Trustee, adversely affect in any
material respect the interests of any Investor Certificateholder of such Series.
The Trustee may, but shall not be obligated to, enter into any such amendment
which affects the Trustee's rights, duties or immunities under this Agreement or
otherwise.

     (c)  Promptly after the execution of any such amendment or consent (other
than an amendment pursuant to paragraph (a)), the Sellers shall furnish
notification of the substance of such amendment to each Investor
Certificateholder, each Enhancement Provider, each Agent and each Rating Agency.

     (d)  It shall not be necessary for the consent of Investor
Certificateholders under this Section to approve the particular form of any
proposed amendment, but it shall be sufficient if such consent shall approve the
substance thereof. The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Investor Certificateholders shall be
subject to such reasonable requirements as the Trustee may prescribe.

     (e)  Notwithstanding anything in this Section to the contrary, no amendment
may be made to this Agreement which would adversely affect in any material
respect the interests of any Enhancement Provider without the consent of such
Enhancement Provider.

     (f)  Deutsche BSC ratifies and affirms, and shall be deemed to be a party
to, that certain amendment dated as of January 24, 1996 among DFS, the Buyer and
the Trustee.

     Section 7.2.  Protection of Right, Title and Interest to Receivables. (a)
                   ------------------------------------------------------
The Sellers shall cause this Agreement, all amendments hereto and/or all
financing statements and continuation statements and any other necessary
documents covering the Buyer's right, title and interest to the Receivables and
Collateral Security relating thereto to be promptly recorded, registered and
filed, and at all times to be kept recorded, registered and filed, all in such
manner and in such places as may be required by law fully to preserve and
protect the right, title and interest of the Buyer hereunder. Each Seller shall
deliver to the Buyer file-stamped copies of, or filing receipts for, any
document recorded, registered or filed as provided above, as soon as available
following such recording, registration or filing. The Buyer shall cooperate
fully with the Sellers in connection with the obligations

                                      -20-
<PAGE>

set forth above and will execute any and all documents reasonably required to
fulfill the intent of this Section 7.2(a).

     (b)  Within 30 days after a Seller makes any change in its name, identity
or corporate structure which would make any financing statement or continuation
statement filed in accordance with Section 7.2(a) seriously misleading within
the meaning of Section 9-402(7) of the UCC as in effect in the State of Missouri
or the State of Georgia, as applicable, or such other applicable jurisdiction,
such Seller shall give the Buyer and any Agent notice of any such change and
shall file such financing statements or amendments as may be necessary to
continue the perfection of the Buyer's security interest in the Receivables and
the proceeds thereof.

     (c)  Each Seller will give the Buyer prompt written notice of any
relocation of any office at which it keeps Records concerning the Receivables or
of its principal executive office if, as a result of such relocation, the
applicable provisions of the UCC would require the filing of any amendment of
any previously filed financing or continuation statement or of any new financing
statement and shall file such financing statements or amendments as may be
necessary to perfect or to continue the perfection of the Buyer's security
interest in the Receivables and the proceeds thereof. Each Seller will at all
times maintain its principal executive offices within the United States of
America.

     (d)  Each Seller will deliver to the Buyer upon the execution and delivery
of each amendment of this Agreement, an Opinion of Counsel to the effect
specified in Exhibit B.

     Section 7.3.  Limited Recourse. Notwithstanding anything to the contrary
                   ----------------
contained herein, the obligations of the Buyer hereunder shall not be recourse
to the Buyer (or any person or organization acting on behalf of the Buyer or any
affiliate, Officer or director of the Buyer), other than to (a) the portion of
the Seller's Interest on any date of determination which is in excess of the
Required Participation Amount and (b) any other assets of the Buyer not pledged
to third parties or otherwise encumbered in a manner permitted by the Buyer's
Partnership Agreement; provided, however, that any payment by the Buyer made in
                       --------  -------
accordance with this Section 7.3 shall be made only after payment in full of any
amounts that the Buyer is obligated to deposit in the Collection Account
pursuant to this Agreement; provided further that the Investor
                            -------- -------
Certificateholders shall be entitled to the benefits of the subordination of the
Collections allocable to the Seller's Interest to the extent provided in the
Supplements.

     Section 7.4.  No Petition. Each Seller hereby covenants and agrees that it
                   -----------
will not at any time institute against the Buyer or Deutsche FRI any bankruptcy,
reorganization, arrangement,

                                      -21-
<PAGE>

insolvency or liquidation proceedings, or other proceedings under any United
States Federal or state bankruptcy or similar law.

     Section 7.5.  GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
                   -------------
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     Section 7.6.  Notices. All demands, notices and communications hereunder
                   -------
shall be in writing and shall be deemed to have been duly given if personally
delivered at or mailed by registered mail, return receipt requested, to the
parties at such addresses specified in the Pooling and Servicing Agreement or,
in the case of notices to Deutsche BSC, to the following address: 655 Maryville
Centre Drive, St. Louis, Missouri 63141, Attention: Secretary.

     Section 7.7.  Severability of Provisions. If any one or more of the
                   --------------------------
covenants, agreements, provisions or terms of this Agreement shall for any
reason whatsoever be held invalid, then such covenants, agreements, provisions
or terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement or of the Certificates
or rights of the Certificateholders.

     Section 7.8.  Assignment. Notwithstanding anything to the contrary
                   ----------
contained herein, this Agreement may not be assigned by either Seller without
the prior consent of the Buyer and the Trustee. The Buyer may assign its rights,
remedies, powers and privileges under this Agreement to the Trust pursuant to
the Pooling and Servicing Agreement.

     Section 7.9.  Further Assurances. Each Seller agrees to do and perform,
                   ------------------
from time to time, any and all acts and to execute any and all further
instruments required or reasonably requested by the Buyer more fully to effect
the purposes of this Agreement, including the execution of any financing
statements or continuation statements relating to the Receivables for filing
under the provisions of the UCC of any applicable jurisdiction.

     Section 7.10. No Waiver; Cumulative Remedies. No failure to exercise and no
                   ------------------------------
delay in exercising, on the part of the Buyer, any right, remedy, power or
privilege under this Agreement shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, remedy, power or privilege under this
Agreement preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and
privileges herein provided are

                                      -22-
<PAGE>

cumulative and not exhaustive of any rights, remedies, powers and privileges
provided by law.

     Section 7.11. Counterparts. This Agreement may be executed in two or more
                   ------------
counterparts (and by different parties on separate counterparts), each of which
shall be an original, but all of which together shall constitute one and the
same instrument.

     Section 7.12. Third-Party Beneficiaries. This Agreement will inure to the
                   -------------------------
benefit of and be binding upon the parties hereto, the Certificateholders, the
Trustee and the other Beneficiaries and their respective successors and
permitted assigns. Except as otherwise provided in this Agreement, no other
Person will have any right or obligation hereunder.

     Section 7.13. Merger and Integration. Except as specifically stated
                   ----------------------
otherwise herein, this Agreement sets forth the entire understanding of the
parties relating to the subject matter hereof, and all prior understandings,
written or oral, are superseded by this Agreement. This Agreement may not be
modified, amended, waived, or supplemented except as provided herein.

     Section 7.14. Headings. The headings herein are for purposes of reference
                   --------
only and shall not otherwise affect the meaning or interpretation of any
provision hereof.

     Section 7.15. Continued Effectiveness of the Receivables Contribution and
                   -----------------------------------------------------------
Sale Agreement. As amended and restated hereby, the Receivables Contribution
--------------
and Sale Agreement shall continue to be in full force and effect and is hereby
ratified and confirmed in all respects.

     Section 7.16. Submission to Jurisdiction. Each of the parties hereto
                   --------------------------
hereby irrevocably and unconditionally: (a) submits for itself and its property
in any legal action or proceeding relating to this Agreement, the Assignments,
the Reassignments or the other documents executed and delivered in connection
herewith or for recognition and enforcement of any judgment in respect thereof,
to the non-exclusive general jurisdiction of the courts of the State of New
York, the courts of the United States of America for the Southern District of
New York, and appellate courts from any thereof;

     (b)   consents that any such action or proceeding may be brought in such
courts and waives any objection that it may now or hereafter have to the venue
of such action or proceeding in any such court or that such action or proceeding
was brought in an inconvenient court and agrees not to plead or claim the same;

                                      -23-
<PAGE>

     (c)  agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Person at its
address determined in accordance with Section 7.6; and

     (d)  agrees that nothing herein shall affect the right to effect service of
process in any other manner permitted by law or shall limit the right to sue in
any other jurisdiction.

                                      -24-
<PAGE>

     IN WITNESS WHEREOF, the Sellers and the Buyer have caused this Receivables
Contribution and Sale Agreement to be duly executed by their respective officers
as of the day and year first above written.

                                   DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                        Buyer

                                   By:  DEUTSCHE FLOORPLAN RECEIVABLES, INC.,
                                        its general partner

                                   By:  /s/ Richard H. Schumacher
                                        ---------------------------------------
                                        Name: Richard H. Schumacher
                                              ---------------------------------
                                        Title:  President and Treasurer
                                                -------------------------------

                                   By:  /s/ Naran Burchinow
                                        ---------------------------------------
                                        Name: Naran Burchinow
                                              ---------------------------------
                                        Title:  Vice President and Assistant
                                                Secretary
                                                -------------------------------

                                   DEUTSCHE FINANCIAL SERVICES
                                        CORPORATION, Seller

                                   By:  /s/ Richard H. Schumacher
                                        ---------------------------------------
                                        Name: Richard H. Schumacher
                                              ---------------------------------
                                        Title:  Senior Vice President and
                                                Treasurer
                                                -------------------------------

                                   By:  /s/ Naran Burchinow
                                        ---------------------------------------
                                        Name: Naran Burchinow
                                              ---------------------------------
                                        Title:  Senior Vice President, General
                                                Counsel and Secretary
                                                -------------------------------

                                   DEUTSCHE BUSINESS SERVICES
                                        CORPORATION, Seller

                                   By:  /s/ Richard H. Schumacher
                                        ---------------------------------------
                                        Name: Richard H. Schumacher
                                              ---------------------------------
                                        Title:  Senior Vice President
                                                -------------------------------

                                   By:  /s/ Naran Burchinow
                                        ---------------------------------------
                                        Name: Naran Burchinow
                                              ---------------------------------
                                        Title:  Vice President and Secretary
                                                -------------------------------

                                      -25-
<PAGE>

                                                                       EXHIBIT A
                                                                         TO RCSA

           FORM OF ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS

                          (As required by Section 2.4
              of the Receivables Contribution and Sale Agreement)

     ASSIGNMENT No.     OF RECEIVABLES IN ADDITIONAL ACCOUNTS dated as of
,     (this "Assignment"), between Deutsche Floorplan Receivables, L.P., as
buyer (the "Buyer"), and [Deutsche Financial Services Corporation], [Deutsche
Business Services Corporation] as seller [contributor] (the "Seller"), pursuant
to the Receivables Contribution and Sale Agreement referred to below.

                              W I T N E S E T H:
                              - - - - - - - - -

     WHEREAS DFS, Deutsche BSC and the Buyer are parties to a Receivables
Contribution and Sale Agreement dated as of December 1, 1993, amended and
restated as of March 1, 1994, amended as of January 24, 1996 and amended and
restated as of October 1, 1996 (as amended or supplemented, the "Receivables
Contribution and Sale Agreement");

     WHEREAS, pursuant to the Receivables Contribution and Sale Agreement, the
Seller wishes to designate Additional Accounts to be included as Accounts and to
convey the Receivables and related Collateral Security of such Additional
Accounts, whether now existing or hereafter created, to the Buyer as part of the
corpus of the Trust (as each such term is defined in the Receivables
Contribution and Sale Agreement); and

     WHEREAS the Buyer is willing to accept such designation and conveyance
subject to the terms and conditions hereof;

     NOW, THEREFORE, the Seller and the Buyer hereby agree as follows:

     1.   Defined Terms. All capitalized terms used herein (including in the
          -------------
recitals hereto) shall have the meanings ascribed to them in the Receivables
Contribution and Sale Agreement unless otherwise defined herein.

          "Addition Date" shall mean, with respect to the Additional Accounts
           -------------
designated hereby, ___________, 19___.

     2.   Designation of Additional Accounts. The Seller hereby delivers
          ----------------------------------
herewith a computer file or microfiche or written list containing a true and
complete list of all such Additional Accounts

                                      A-1
<PAGE>

specifying for each such Account, as of the Additional Cut-Off Date, its account
number, the aggregate amount of Receivables outstanding in such Account and the
aggregate amount of Principal Receivables in such Account. Such file or list
shall, as of the date of this Assignment, supplement Schedule 1 to the
Receivables Contribution and Sale Agreement.

     3.   Conveyance of Receivables. (a) The Seller does hereby [sell]
          -------------------------
[contribute], transfer, assign, set over and otherwise convey, without recourse
(except as expressly provided in the Receivables Contribution and Sale
Agreement), to the Buyer, on the Addition Date all of its right, title and
interest in, to and under the Receivables in such Additional Accounts, all
Collateral Security and the related Floorplan Rights with respect thereto, owned
by the Seller and existing at the close of business on the Additional Cut-Off
Date and thereafter created from time to time, all monies due or to become due
and all amounts received with respect thereto and all proceeds (including
"proceeds" as defined in Section 9-306 of the UCC as in effect in the [State of
Missouri] [State of Georgia] and Recoveries) thereof. The foregoing [sale]
[contribution], transfer, assignment, set-over and conveyance does not
constitute and is not intended to result in the creation or an assumption by the
Buyer of any obligation of the Servicer, the Seller or any other Person in
connection with the Accounts, the Receivables or under any agreement or
instrument relating thereto, including any obligation under the Financing
Agreement, Floorplan Agreement and any Participation Agreement, including any
other obligation to any Dealer or Manufacturer.

     (b)  In connection with such [sale] [contribution], the Seller agrees to
record and file, at its own expense, a financing statement on form UCC-1 (and
continuation statements when applicable) with respect to the Receivables now
existing and hereafter created for the sale of chattel paper, accounts and
general intangibles (as defined in Section 9-105 or 9-106 of the UCC as in
effect in any state where the Seller's or the Servicer's chief executive offices
or books and records relating to the Receivables are located) meeting the
requirements of applicable state law in such manner and in such jurisdictions as
are necessary to perfect the sale and assignment of the Receivables and the
Collateral Security to the Buyer, and to deliver a file-stamped copy of such
financing statements or other evidence of such filing to the Buyer on or prior
to the Addition Date to the extent, if any, that the UCC-1 financing statements
filed pursuant to Section 2.1 of the Receivables Contribution and Sale Agreement
are not sufficient for such purpose. In addition, the Seller shall cause to be
timely filed in the appropriate filing office any UCC-1 financing statement and
continuation statement necessary to perfect any sale of Receivables to the
Seller. The Buyer shall be under no obligation whatsoever to file such financing
statement, or a continuation statement to such financing statement, or to make
any

                                      A-2
<PAGE>

other filing under the UCC in connection with such [sale] [contribution]. The
parties hereto intend that the [sales] [contributions] of Receivables effected
by this Agreement be [sales] [true contributions].

     (c)  In connection with such [sale] [contribution], the Seller further
agrees, at its own expense, on or prior to the Addition Date, to indicate in its
books and records, which may include its computer files, that the Receivables
created in connection with the Additional Accounts designated hereby have been
sold and the Collateral Security assigned to the Buyer pursuant to this
Assignment and sold to the Trust pursuant to the Pooling and Servicing Agreement
for the benefit of the Certificateholders and the other Beneficiaries.

     4.   Acceptance by Buyer. Subject to the satisfaction of the conditions
          -------------------
set forth in Section 6 of this Assignment, the Buyer hereby acknowledges its
acceptance of all right, title and interest to the property, now existing and
hereafter created, conveyed to the Buyer pursuant to Section 3(a) of this
Assignment. The Buyer further acknowledges that, prior to or simultaneously with
the execution and delivery of this Assignment, the Seller delivered to the Buyer
the computer file or microfiche or written list relating to the Additional
Accounts described in Section 2 of this Assignment.

     5.   Representations and Warranties of the Seller. The Seller hereby
          --------------------------------------------
represents and warrants to the Buyer, on behalf of the Trust, as of the date of
this Assignment and as of the Addition Date that:

          (a)  Legal, Valid and Binding Obligation. This Assignment constitutes
               -----------------------------------
     a legal, valid and binding obligation of the Seller, enforceable against
     the Seller in accordance with its terms, except as such enforceability may
     be limited by applicable bankruptcy, insolvency, reorganization, moratorium
     or other similar laws now or hereafter in effect affecting creditors,
     rights in general and except as such enforceability may be limited by
     general principles of equity (whether considered in a suit at law or in
     equity);

          (b)  Organization and Good Standing. The Seller is a corporation duly
               ------------------------------
     organized and validly existing and in good standing under the law of the
     State of its incorporation and has, in all material respects, full
     corporate power, authority and legal right to own its properties and
     conduct its business as such properties are presently owned and such
     business is presently conducted, and to execute, deliver and perform its
     obligations under this Assignment;

                                      A-3
<PAGE>

          (c)  Due Qualification. The Seller is duly qualified to do business
               -----------------
     and, where necessary, is in good standing as a foreign corporation (or is
     exempt from such requirement) and has obtained all necessary licenses and
     approvals in each jurisdiction in which the conduct of its business
     requires such qualification except where the failure to so qualify or
     obtain licenses or approvals would not have a material adverse effect on
     its ability to perform its obligations hereunder;

          (d)  Eligible Accounts. Each Additional Account designated hereby is
               -----------------
     an Eligible Account;

          (e)  Selection Procedures. No selection procedures believed by the
               --------------------
     Seller to be adverse to the interests of the Beneficiaries were utilized in
     selecting the Additional Accounts designated hereby;

          (f)  Insolvency. As of the Notice Date and the Addition Date, the
               ----------
     Seller is not insolvent nor, after giving effect to the conveyance set
     forth in Section 3 of this Assignment, will it have been made insolvent,
     nor is it aware of any pending insolvency;

          (g)  Valid Transfer. This Assignment constitutes a valid [sale]
               --------------
     [contribution], transfer and assignment to the Buyer of all right, title
     and interest of the Seller in the Receivables and the Collateral Security
     and the proceeds thereof and upon the filing of the financing statements
     described in Section 3 of this Assignment with the Secretary of State of
     the State of [Missouri] [and other applicable states and counties] and, in
     the case of the Receivables [and the Collateral Security] hereafter created
     and the proceeds thereof, upon the creation thereof, the Buyer shall have a
     first priority perfected ownership interest in such property, except for
     Liens permitted under Section 2.6(a) of the Receivables Contribution and
     Sale Agreement;

          (h)  Due Authorization. The execution and delivery of this Assignment
               -----------------
     and the consummation of the transactions provided for or contemplated by
     this Assignment have been duly authorized by the Seller by all necessary
     corporation action on the part of the Seller;

          (i)  No Conflict. The execution and delivery of this Assignment, the
               -----------
     performance of the transactions contemplated by this Assignment and the
     fulfillment of the terms hereof, will not conflict with, result in any
     breach of any of the material terms and provisions of, or constitute (with
     or without notice or lapse of time or both) a material default under, any
     indenture, contract, agreement, mortgage, deed of

                                      A-4
<PAGE>

     trust, or other instrument to which the Seller is a party or by which it or
     its properties are bound;

          (j)  No Violation. The execution and delivery of this Assignment by
               ------------
     the Seller, the performance of the transactions contemplated by this
     Assignment and the fulfillment of the terms hereof will not conflict with
     or violate any material Requirements of Law applicable to the Seller;

          (k)  No Proceedings. There are no proceedings or, to the best
               --------------
     knowledge of the Seller, investigations pending or threatened against the
     Seller before any Governmental Authority (i) asserting the invalidity of
     this Assignment, (ii) seeking to prevent the consummation of any of the
     transactions contemplated by this Assignment, (iii) seeking any
     determination or ruling that, in the reasonable judgment of the Seller,
     would materially and adversely affect the performance by the Seller of its
     obligations under this Assignment, (iv) seeking any determination or ruling
     that would materially and adversely affect the validity or enforceability
     of this Assignment or (v) seeking to affect adversely the income tax
     attributes of the Trust under the United States federal or any State
     income, single business or franchise tax systems;

          (l)  Record of Accounts. As of the Addition Date, Schedule 1 to this
               ------------------
     Assignment is an accurate and complete listing in all material respects of
     all the Additional Accounts as of the Additional Cut-Off Date and the
     information contained therein with respect to the identity of such Accounts
     and the Receivables existing thereunder is true and correct in all material
     respects as of the Additional Cut-Off Date;

          (m)  No Liens. Each Receivable and all Collateral Security existing on
               --------
     the Addition Date has been conveyed to the Buyer free and clear of any
     Lien;

          (n)  All Consents Required. With respect to each Receivable and all
               ---------------------
     Collateral Security existing on the Addition Date, all consents, licenses,
     approvals or authorizations of or registrations or declarations with any
     Governmental Authority required to be obtained, effected or given by the
     Seller in connection with the conveyance of such Receivable or Collateral
     Security to the Buyer, the execution and delivery of this Assignment and
     the performance of the transactions contemplated hereby have been duly
     obtained, effected or given and are in full force and effect; and

          (o)  Eligible Receivables. On the Additional Cut-Off Date each
               --------------------
     Receivable conveyed to the Buyer as of such date is

                                      A-5
<PAGE>

     an Eligible Receivable or, if such Receivable is not an Eligible
     Receivable, such Receivable is conveyed to the Buyer in accordance with
     Section 2.8 of the Receivables Contribution and Sale Agreement.

     6.   Conditions Precedent. The acceptance of the Buyer set forth in
          --------------------
Section 4 of this Assignment is subject to the satisfaction, on or prior to the
Addition Date, of the following conditions precedent:

          (a)  Representations and Warranties. Each of the representations and
               ------------------------------
     warranties made by the Seller in Section 5 of this Assignment shall be true
     and correct as of the date of this Assignment and as of the Addition Date;

          (b)  Agreement. Each of the conditions set forth in Section 2.4(b) of
               ---------
     the Receivables Contribution and Sale Agreement applicable to the
     designation of the Additional Accounts to be designated hereby shall have
     been satisfied; and

          (c)  Addition Information. The Seller shall have delivered to the
               --------------------
     Buyer such information as was reasonably requested by the Buyer to satisfy
     itself as to the accuracy of the representation and warranty set forth in
     Section 5(d) of this Assignment.

     7.   Ratification of Agreement. As supplemented by this Assignment, the
          -------------------------
Receivables Contribution and Sale Agreement is in all respects ratified and
confirmed and the Receivables Contribution and Sale Agreement as so supplemented
by this Assignment shall be read, taken and construed as one and the same
instrument.

     8.   Counterparts. This Assignment may be executed in two or more
          ------------
counterparts (and by different parties in separate counterparts), each of which
shall be an original but all of which together shall constitute one and the same
instrument.

     9.   GOVERNING LAW. THIS ASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
          -------------
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                      A-6
<PAGE>

     IN WITNESS WHEREOF, the Seller and the Buyer have caused this Assignment to
be duly executed and delivered by their respective duly authorized officers as
of the day and the year first above written.

                              DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                   as Buyer

                              By:  DEUTSCHE FLOORPLAN RECEIVABLES, INC.,
                                   its general partner

                              By:  __________________________________________
                                   Name:
                                   Title:

                              By:  __________________________________________
                                   Name:
                                   Title:

                              [DEUTSCHE FINANCIAL SERVICES
                                 CORPORATION], as Seller

                              By:  __________________________________________
                                   Name:
                                   Title:

                              By:  __________________________________________
                                   Name:
                                   Title:

                              [DEUTSCHE BUSINESS SERVICES
                                 CORPORATION], as Seller

                              By:  __________________________________________
                                   Name:
                                   Title:

                              By:  __________________________________________
                                   Name:
                                   Title

                                      A-7
<PAGE>

                                                                       EXHIBIT B
                                                                         TO RCSA

                          FORM OF OPINION OF COUNSEL

                       (As required by Section 7.2(d) of
                       ---------------------------------
               the Receivables Contribution and Sale Agreement)
               ------------------------------------------------

     (a)  The Amendment to the Receivables Contribution and Sale Agreement,
attached hereto as Schedule 1 (the "Amendment"), has been duly authorized,
executed and delivered by each Seller and constitutes the legal, valid and
binding agreement of each Seller, enforceable in accordance with its terms
except as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditors'
rights generally from time to time in effect. The enforceability of each
Seller's obligations is also subject to general principles of equity (regardless
of whether such enforceability is considered in a proceeding in equity or at
law).

     (b)  The Amendment has been entered into in accordance with the terms and
provisions of Section 7.1 of the Receivables Contribution and Sale Agreement.

     (c)  The Amendment will not adversely affect in any material respect the
interests of the Investor Certificateholders. [Include this clause (iii) only in
the case of amendments effected pursuant to Section 7.1(a) of the Receivables
Contribution and Sale Agreement.]

                                      B-1
<PAGE>

                                                                       EXHIBIT C
                                                                         TO RCSA

            FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS
                (As required by Section 2.6 of the Receivables
              Contribution and Sale Agreement referred to below)

               REASSIGNMENT NO. __ OF RECEIVABLES, dated as of __________, ____,
               by and between DEUTSCHE FLOORPLAN RECEIVABLES, L.P., as buyer
               (the "Buyer"), and DEUTSCHE FINANCIAL SERVICES CORPORATION [or
               DEUTSCHE BUSINESS SERVICES CORPORATION), as seller (the
               "Seller"), pursuant to the Receivables Contribution and Sale
               Agreement referred to below.

                                  WITNESSETH

     WHEREAS the Seller and the Buyer are parties to the Receivables
Contribution and Sale Agreement dated as of December 1, 1993, amended and
restated as of March 1, 1994, amended as of January 24, 1996 and amended and
restated as of October 1, 1996 (as amended or supplemented, the "Receivables
Contribution and Sale Agreement");

     WHEREAS, pursuant to the Receivables Contribution and Sale Agreement, the
Seller wishes to remove all Receivables from certain Accounts, the Collateral
Security thereof and the related Floorplan Rights (the "Removed Accounts") and
to cause the Buyer to reconvey the Receivables of such Removed Accounts and such
Collateral Security and Floorplan Rights, whether now existing or hereafter
created, and all amounts currently held by the Buyer or thereafter received by
the Trust in respect of such Removed Accounts, from the Buyer to the Seller (as
each such term is defined in the Receivables Contribution and Sale Agreement);
and

     WHEREAS the Buyer is willing to accept such removal and to reconvey the
Receivables in the Removed Accounts, such Collateral Security and any related
amounts held or received by the Trust subject to the terms and conditions
hereof.

     NOW, THEREFORE, the Seller and the Buyer hereby agree as follows:

     1.   Defined Terms.  All terms defined in the Agreement and used herein
          -------------
shall have such defined meanings when used herein, unless otherwise defined
herein.

          "Removal Date" shall mean, with respect to the Removed Accounts
           ------------
     designated hereby, ________________.

                                      C-1
<PAGE>

     2.   Notice of Removed Accounts.  The Seller shall deliver to the Buyer,
          --------------------------
the Trustee, any Enhancement Providers and the Rating Agencies a computer file
or microfiche or written list containing a true and complete list of the Removed
Accounts specifying for each such Account, as of the Removal Commencement Date,
its account number, the aggregate amount of Receivables outstanding in such
Accounts and the Designated Balance.  Such list shall be marked as Schedule 1 to
this Reassignment and shall be incorporated into and made a part of this
Reassignment as of the Removal Date and shall amend Schedule 1 to the
Receivables Contribution and Sale Agreement.

     3.   Conveyance of Receivables and Accounts.  (a) The Buyer does hereby
          --------------------------------------
transfer, assign, set over and otherwise convey to the Seller, without recourse,
representation or warranty on and after the Removal Date, all right, title and
interest of the Trust in, to and under all [Receivables now existing at the
close of business on the Removal Date and thereafter created from time to time
until the termination of the Trust in Removed Accounts designated hereby, all
Collateral Security thereof, the related Floorplan Rights, all monies due or to
become due and all amounts received with respect thereto (including all Non-
Principal Receivables), all proceeds (as defined in Section 9-306 of the UCC as
in effect in the State of Missouri [Georgia] and Recoveries) thereof relating
thereto][in the case of Removed Accounts which are to be removed pursuant to
Section 2.7 of the Receivables Contribution and Sale Agreement and which were
not Ineligible Accounts at the time they were originally designated as Accounts,
replace the immediately preceding bracketed text with the following:  the
Removed Accounts but not any right, title and interest of the Trust in, to and
under (i) any Receivables existing as of the Removal Date in Removed Accounts
designated hereby, (ii) all Collateral Security relating to such Receivables,
(iii) the related Floorplan Rights, (iv) all monies due or to become due and all
amounts received with respect to such Receivables (including all Non-Principal
Receivables), (v) all proceeds (as defined in Section 9-306 of the UCC as in
effect in the State of Missouri [Georgia] and Recoveries) thereof relating to
such Receivables, it being understood that the items described in clauses (i)-
(v) will continue to be Trust Assets] .

     (b)  If requested by the Seller, in connection with such transfer, the
Buyer agrees to execute and deliver to the Seller, on or prior to the date of
this Reassignment, a termination statement with respect to the Receivables
existing at the close of business on the Removal Date and thereafter created
from time to time and Collateral Security thereof in the Removed Accounts
reassigned hereby (which may be a single termination statement with respect to
all such Receivables and Collateral Security) evidencing the release by the
Trust of its lien on the Receivables in the Removed Accounts and the Collateral
Security, and meeting the requirements

                                      C-2
<PAGE>

of applicable state law, in such manner and such jurisdictions as are necessary
to remove such lien.

     4.   Acceptance by Buyer.  The Buyer hereby acknowledges that, prior to or
          -------------------
simultaneously with the execution and delivery of this Reassignment, the Seller
delivered to the Buyer the computer file or such microfiche or written list
described in Section 2(b) of this Reassignment.

     5.   Representations and Warranties of the Seller.  The Seller hereby
          --------------------------------------------
represents and warrants to the Buyer as of the date of this Reassignment and as
of the Removal Date:

          (a) Legal, Valid and Binding Obligation.  This Reassignment
              -----------------------------------
     constitutes a legal, valid and binding obligation of the Seller,
     enforceable against the Seller in accordance with its terms, except as such
     enforceability may be limited by applicable bankruptcy, insolvency,
     reorganization, moratorium or other similar laws now or hereafter in effect
     affecting the enforcement of creditors' rights generally and except as such
     enforceability may be limited by general principles of equity (whether
     considered in a suit at law or in equity);

          (b) No Early Amortization Event.  The removal of the Accounts hereby
              ---------------------------
     removed shall not, in the reasonable belief of the Seller, cause an Early
     Amortization Event to occur or cause the Pool Balance to be less than the
     Required Participation Amount;

          (c) Selection Procedures.  No selection procedures believed by the
              --------------------
     Seller to be adverse to the interests of the Beneficiaries were utilized in
     selecting the Accounts to be removed; and

          (d) True and Complete List.  The list of Removed Accounts described in
              ----------------------
     Section 2(b) of this Assignment is, as of the Removal Commencement Date,
     true and complete in all material respects.

provided, however, that in the event that the removal on such Removal Date
--------  -------
relates solely to Ineligible Accounts, the Seller shall be deemed to make only
the representations and warranties contained in paragraph 5(a) above.

     6.   Condition Precedent.  In addition to the conditions precedent set
          -------------------
forth in Section 2.6 of the Receivables Contribution and Sale Agreement, the
obligation of the Buyer to execute and deliver this Reassignment is subject to
the Seller having delivered on or prior to the Removal Date to the Trustee, the
Buyer, any Agent, and any Enhancement Providers an Officers' Certificate

                                      C-3
<PAGE>

certifying that (i) as of the Removal Date, all requirements set forth in
Section 2.6 of the Agreement for removing such Accounts and reconveying the
Receivables of such Removed Accounts, the Collateral Security and the related
Floorplan Rights, whether existing at the close of business on the Removal Date
or thereafter created from time to time until the termination of the Trust, have
been satisfied, and (ii) each of the representations and warranties made by the
Seller in Section 5 hereof is true and correct as of the date of this
Reassignment and as of the Removal Date.  The Buyer may conclusively rely on
such officers' Certificate, shall have no duty to make inquiries with regard to
the matters set forth therein and shall incur no liability in so relying.

     7.   Ratification of Agreement.  As supplemented by this Reassignment the
          -------------------------
Receivables Contribution and Sale Agreement is in all respects ratified and
confirmed and the Receivables Contribution and Sale Agreement as so supplemented
by this Reassignment shall be read, taken and construed as one and the same
instrument.

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

     9.   GOVERNING LAW.  THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE
          -------------
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     IN WITNESS WHEREOF, the undersigned have caused this Reassignment to be
duly executed and delivered by their respective duly authorized officers on the
day and year first above written.

                             DEUTSCHE FLOORPLAN RECEIVABLES, L.P.,
                                Buyer

                             By: DEUTSCHE FLOORPLAN RECEIVABLES,
                                 INC., its general partner

                             By:_________________________________
                                Name:
                                Title:

                             By:_________________________________
                                Name:
                                Title:

                                      C-4
<PAGE>

                                [DEUTSCHE FINANCIAL SERVICES
                                   CORPORATION, Seller]

                                By:_____________________________
                                   Name:
                                   Title:

                                By:_____________________________
                                   Name:
                                   Title:

                                      C-5
<PAGE>

                             [DEUTSCHE BUSINESS SERVICES
                                 CORPORATION, Seller]

                             By:_____________________________
                                 Name:
                                 Title:

                             By:_____________________________
                                Name:
                                Title:

                                      C-6
<PAGE>

                                  Schedule 1
                                  ----------

                               List of Accounts
                               ----------------

                   [Provided separately to the Buyer and the
                Trustee and deemed to be incorporated herein.]

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