Document:

EXHIBIT
		10-14
	 

	 
		EXECUTION
		COPY
	 

	 	

	 
		Registration
		Rights Agreement 

Dated as of July 13,
		2007

among

The Bank of New York Trust Company, N.A.,

		not in its
		individual capacity, but solely
 as Pass Through Trustee
		
(“Pass Through Trustee”),
	 

	 
		FirstEnergy
		Generation Corp.
 (an Ohio corporation)
 (“Lessee”),
	 

	 
		FirstEnergy Solutions
		Corp.
 (an Ohio
		corporation)
 (“Lease Guarantor”)
	 

	 
		
and

 Morgan Stanley & Co. Incorporated

		and
 Credit Suisse Securities (USA)
		LLC,
 as
		representatives of the Initial Purchasers
	 

	 	

	 
		
	 

	 

	 
	 

	 

	 
		REGISTRATION
		RIGHTS AGREEMENT
	 

	 
		                                This Registration Rights
		Agreement (the “Agreement”) is made and entered into this
		13th day of July, 2007, by and among The Bank of New York Trust
		Company, N.A., as Pass Through Trustee (the “Pass Through
		Trustee”) under the Pass Through Trust Agreement (defined below),
		FirstEnergy Generation Corp., an Ohio corporation (the
		“Lessee”), FirstEnergy Solutions Corp., an Ohio corporation
		(the “Lease Guarantor”), and Morgan Stanley & Co.
		Incorporated (“Morgan Stanley”) and Credit Suisse Securities
		(USA) LLC (“Credit Suisse”), as Representatives (defined
		below) of the Initial Purchasers (defined below).
	 

	 
		                                This Agreement is made pursuant
		to the Purchase Agreement, dated July 10, 2007 (the “Purchase
		Agreement”), among the Pass Through Trustee, the Lessee, the Lease
		Guarantor and Morgan Stanley and Credit Suisse, as Representatives of the
		Initial Purchasers, which provides for the sale by the Pass Through Trustee to
		the Initial Purchasers of $1,135,300,000 aggregate principal amount of 6.85%
		Pass Through Trust Certificates due 2034 (the
		“Certificates”). The Certificates will be issued pursuant to a
		pass through trust agreement (the “Pass Through Trust
		Agreement”) among the Lessee, the Lease Guarantor and the Pass Through
		Trustee. In order to induce the Initial Purchasers to enter into the Purchase
		Agreement, the Pass Through Trustee, the Lessee and the Lease Guarantor have
		agreed to provide to the Initial Purchasers and their direct and indirect
		transferees the registration rights set forth in this Agreement. The execution
		and delivery of this Agreement is a condition to the closing under the Purchase
		Agreement.
	 

	 
		                                In consideration of the
		foregoing, the parties hereto agree as follows:
	 

	 
		                                1.   
		Definitions. 
	 

	 
		                                1.1           Unless
		the context hereof otherwise requires, capitalized terms used in this
		Agreement, including those in the recitals, and not otherwise defined herein
		shall have the respective meanings set forth in the Pass Through Trust
		Agreement. 
	 

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

	 	 	                “1933 Act” shall
			 mean the Securities Act of 1933, as amended from time to time.
		 
	 	                “1934 Act” shall
			 mean the Securities Exchange Act of 1934, as amended from time to
			 time.
		 
	 	                “Affiliate”
			 shall have the meaning given to that term in Rule 405 under the 1933 Act or any
			 successor rule thereunder.
		 
	 	                “Certificates”
			 shall have the meaning set forth in the preamble to this Agreement.
		 
	 	                 “Closing
			 Date” shall mean the Closing Time as defined in the Purchase
			 Agreement.

	 
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	 	 	                “Credit Suisse”
			 shall have the meaning set forth in the preamble to this Agreement.
		 
	 	                “Depositary”
			 shall mean The Depository Trust Company, or any other depositary appointed by
			 the Pass Through Trustee, provided, however, that such depositary must
			 have an address in the Borough of Manhattan, in The City of New York and,
			 provided further, that if the Certificates are not held in
			 book-entry form, references herein to the Depositary shall be deemed to refer
			 to the Holders.
		 
	 	                “Exchange
			 Certificates” shall mean the 6.85% Exchange Certificates due 2034
			 issued by the Pass Through Trust containing terms identical to the
			 $1,135,300,000 aggregate principal amount of the 6.85% Certificates due 2034
			 issued by the Pass Through Trust in all material respects (except in each case
			 for references to certain restrictions on transfers and restrictive legends),
			 to be offered to Holders of Certificates in exchange for Registrable
			 Certificates pursuant to the Exchange Offer.
		 
	 	                “Exchange Offer”
			 shall mean the exchange offer of Exchange Certificates for Registrable
			 Certificates pursuant to Section 2.1 hereof.
		 
	 	                “Exchange Offer
			 Registration” shall mean a registration under the 1933 Act effected
			 pursuant to Section 2.1 hereof.
		 
	 	                “Exchange Offer
			 Registration Statement” shall mean an exchange offer registration
			 statement on Form S-4 (or, if applicable, on another appropriate form), and all
			 amendments and supplements to such registration statement, including the
			 Prospectus contained therein, all exhibits thereto and all documents
			 incorporated by reference therein.
		 
	 	                “Exchange
			 Period” shall have the meaning set forth in Section 2.1
			 hereof.
		 
	 	                “Guaranty” shall
			 mean the six guaranty agreements made by the Lease Guarantor dated as of July
			 13, 2007 pursuant to which the Lease Guarantor has unconditionally guaranteed
			 all obligations of the Lessee to each of the Lessors under the Operative
			 Documents.
		 
	 	                “Holder” shall
			 mean any beneficial owner from time to time of Registrable Certificates
			 (including any of the Initial Purchasers, for so long as it owns any
			 Registrable Certificates).
		 
	 	                “Initial
			 Purchasers” shall mean the initial purchasers named in Schedule 1 to
			 the Purchase Agreement.
		 
	 	                “Lease
			 Guarantor” shall have the meaning set forth in the preamble to this
			 Agreement and shall also include the Lease Guarantor’s
			 successors.
		 
	 	                “Lessee” shall
			 have the meaning set forth in the preamble to this Agreement and shall also
			 include the Lessee’s successors.

	 
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	 	 	                “Majority
			 Holders” shall mean Holders of Registrable Certificates evidencing
			 Fractional Undivided Interests aggregating a majority in interest of the
			 Fractional Undivided Interests evidenced by all Registrable Certificates at the
			 time Outstanding (determined as provided in Section 1.3(c) of the Pass Through
			 Trust Agreement.
		 
	 	                “Morgan Stanley”
			 shall have the meaning set forth in the preamble to this Agreement.
		 
	 	                “Operative
			 Documents” shall have the meaning set forth in Appendix A to each
			 Participation Agreement.
		 
	 	                “Participating
			 Broker-Dealer” shall mean Morgan Stanley, Credit Suisse and any other
			 broker-dealer which makes a market in the Certificates and exchanges
			 Registrable Certificates in the Exchange Offer for Exchange
			 Certificates.
		 
	 	                “Participation
			 Agreements” shall mean the six Participation Agreements, each dated as
			 of the Closing Date, among the Lessee, the Lease Guarantor, the applicable
			 Lessor, U.S. Bank Trust National Association, the applicable Owner Participant,
			 the Pass Through Trustee and the applicable Indenture Trustee, as the same may
			 be amended, supplemented, waived or otherwise modified from time to time in
			 accordance with the terms thereof.
		 
	 	                “Pass Through
			 Trust” shall mean Bruce Mansfield Unit 1 2007 Pass Through Trust
			 formed under the Pass Through Trust Agreement. 
		 
	 	                “Pass Through Trust
			 Agreement” shall mean the Pass Through Trust Agreement among the
			 Lessee, the Lease Guarantor and the Pass Through Trustee, as the same may be
			 amended, supplemented, waived or otherwise modified from time to time in
			 accordance with the terms thereof.
		 
	 	                “Pass Through
			 Trustee” shall have the meaning set forth in the preamble to this
			 Agreement and shall also include the Pass Through Trustee’s
			 successors.
		 
	 	                “Person” shall
			 mean an individual, partnership (general or limited), corporation, limited
			 liability company, trust or unincorporated organization, or a government or
			 agency or political subdivision thereof.
		 
	 	                “Prospectus”
			 shall mean the prospectus included in a Registration Statement, including any
			 preliminary prospectus, and any such prospectus as amended or supplemented by
			 any prospectus supplement, including any such prospectus supplement with
			 respect to the terms of the offering of any portion of the Registrable
			 Certificates covered by a Shelf Registration Statement, and by all other
			 amendments and supplements to a prospectus, including pre-effective and
			 post-effective amendments, and in each case including all documents
			 incorporated by reference therein.
		 
	 	                “Purchase
			 Agreement” shall have the meaning set forth in the preamble to this
			 Agreement.

	 
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	 	 	                “Registrable
			 Certificates” shall mean the Certificates of any Holder;
			 provided, however, that such Certificates shall cease to be
			 Registrable Certificates when (i) a Registration Statement with respect to
			 such Certificates shall have been declared or otherwise become effective under
			 the 1933 Act and such Certificates shall have been disposed of pursuant to such
			 Registration Statement, (ii) such Certificates are eligible for resale to
			 the public pursuant to Rule 144 (or any similar provision then in force, but
			 not Rule 144A under the 1933 Act) under the 1933 Act, (iii) such
			 Certificates shall have ceased to be outstanding or (iv) the Exchange
			 Offer is consummated (except in the case of Certificates purchased from the
			 Pass Through Trust and continued to be held by any Initial
			 Purchaser).
		 
	 	                “Registration
			 Expenses” shall mean any and all expenses incident to performance of
			 or compliance by the Pass Through Trustee, the Lessee or the Lease Guarantor
			 with this Agreement, regardless of whether a Registration Statement becomes
			 effective, including without limitation: (i) all SEC, stock exchange
			 or National Association of Securities Dealers, Inc. (the
			 “NASD”) registration and filing fees, including, if
			 applicable, the reasonable fees and expenses of any “qualified independent
			 underwriter” (and its counsel) that is required to be retained by any
			 Holder of Registrable Certificates in accordance with the rules and regulations
			 of the NASD, (ii) all reasonable fees and expenses incurred in connection
			 with compliance with state securities or blue sky laws and compliance with the
			 rules of the NASD (including reasonable fees and disbursements of counsel for
			 any underwriters or Holders in connection with blue sky qualification of any of
			 the Exchange Certificates or Registrable Certificates and any filings with the
			 NASD), (iii) all expenses of any Persons in preparing or assisting in
			 preparing, word processing, printing and distributing any Registration
			 Statement, any Prospectus, any amendments or supplements thereto, any
			 underwriting agreements, securities sales agreements and other documents
			 relating to the performance of and compliance with this Agreement,
			 (iv) all fees and expenses incurred in connection with the listing, if
			 any, of any of the Registrable Certificates on any securities exchange or
			 exchanges, (v) all rating agency fees, (vi) the fees and
			 disbursements of counsel for the Pass Through Trustee, the Lessee or the Lease
			 Guarantor and of the independent public accountants of the Pass Through
			 Trustee, the Lessee or the Lease Guarantor, including the expenses of any
			 special audits or “cold comfort” letters required by or incident to
			 such performance and compliance, (vii) the fees and expenses of the Pass
			 Through Trustee, and any escrow agent or custodian, (viii) the reasonable
			 fees and expenses of the Initial Purchasers in connection with the Exchange
			 Offer, including the reasonable fees and expenses of counsel to the Initial
			 Purchasers in connection therewith, and (ix) any reasonable fees and
			 disbursements of the underwriters customarily required to be paid by issuers or
			 sellers of securities and the reasonable fees and expenses of any special
			 experts retained by the Pass Through Trustee, the Lessee or the Lease Guarantor
			 in connection with any Registration Statement, but excluding underwriting
			 discounts and commissions and transfer taxes, if any, relating to the sale or
			 disposition of Registrable Certificates by a Holder, it being understood that
			 in no event shall the Pass Through Trustee, the Lessee or the Lease Guarantor
			 be liable for the fees and expenses of more than one counsel (in addition to
			 any local counsel) in connection with registration pursuant to either Section
			 2.1 or Section 2.2 hereof.

	 
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	 	 	                “Registration
			 Statement” shall mean any registration statement of the Lessee and the
			 Lease Guarantor which covers any of the Exchange Certificates or Registrable
			 Certificates pursuant to the provisions of this Agreement, and all amendments
			 and supplements to any such Registration Statement, including pre-effective and
			 post-effective amendments, in each case including the Prospectus contained
			 therein, all exhibits thereto and all documents incorporated by reference
			 therein.
		 
	 	                “Representatives” shall mean Morgan Stanley and
			 Credit Suisse in their capacity as representatives of the Initial
			 Purchasers.
		 
	 	                “SEC” shall mean
			 the United States Securities and Exchange Commission or any successor agency or
			 government body performing the functions currently performed by the United
			 States Securities and Exchange Commission.
		 
	 	                “Shelf
			 Registration” shall mean a registration effected pursuant to
			 Section 2.2 hereof.
		 
	 	                “Shelf Registration
			 Statement” shall mean a “shelf” registration statement of
			 the Lessee and the Lease Guarantor pursuant to the provisions of Section 2.2 of
			 this Agreement which covers all of the Registrable Certificates on an
			 appropriate form under Rule 415 under the 1933 Act, or any similar rule that
			 may be adopted by the SEC, and all amendments and supplements to such
			 registration statement, including post-effective amendments, in each case
			 including the Prospectus contained therein, all exhibits thereto and all
			 documents incorporated by reference therein.

	 
		                                2.    Registration
		Under the 1933 Act.
	 

	 
		                                2.1           Exchange
		Offer. The Lessee and the Lease Guarantor shall (A) prepare and, as
		soon as practicable following the Closing Date, file with the SEC an Exchange
		Offer Registration Statement with respect to a proposed Exchange Offer and the
		issuance and delivery to the Holders, in exchange for the Registrable
		Certificates, a like principal amount of Exchange Certificates, (B) use
		their reasonable best efforts to cause the Exchange Offer Registration
		Statement to be declared effective under the 1933 Act not later than 210
		calendar days following the Closing Date, (C) use their reasonable best
		efforts to keep the Exchange Offer Registration Statement effective until the
		closing of the Exchange Offer and (D) use their reasonable best efforts to
		cause the Exchange Offer to be consummated within 270 calendar days following
		the Closing Date. The Exchange Certificates will be issued under the Pass
		Through Trust Agreement. Upon the effectiveness of the Exchange Offer
		Registration Statement, the Pass Through Trustee shall promptly commence the
		Exchange Offer, it being the objective of such Exchange Offer to enable each
		Holder eligible and electing to exchange Registrable Certificates for Exchange
		Certificates (assuming that such Holder (a) is not an Affiliate of the
		Lessee or the Lease Guarantor within the meaning of Rule 405 under the 1933
		Act, (b) is not a broker-dealer tendering Registrable Certificates
		acquired directly from the Pass Through Trust, the Lessee or the Lease
		Guarantor for its own account, (c) acquired the Exchange Certificates in
		the ordinary course of such Holder’s business and (d) has no
		arrangements or understandings with any person to participate in the Exchange
		Offer for the purpose of distributing the Exchange Certificates) to transfer
		such Exchange Certificates from and after their receipt without any limitations
		or 
	 

	 
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		restrictions under
		the 1933 Act and without material restrictions under the securities laws of a
		majority of the several states of the United States.
	 

	 
		                              In connection with the Exchange
		Offer, the Lessee and the Lease Guarantor shall:
	 

	 	 	                (a)           mail
			 to the Depositary a copy of the Prospectus forming part of the Exchange Offer
			 Registration Statement together with an appropriate letter of transmittal and
			 related documents;
		 
	 	                (b)           use
			 their reasonable best efforts to keep the Exchange Offer open for acceptance
			 for a period of not less than 20 business days after the date notice thereof is
			 mailed to the Depositary (or longer if required by applicable law) (such period
			 referred to herein as the “Exchange Period”);
		 
	 	                (c)           utilize
			 the services of the Depositary for the Exchange Offer;
		 
	 	                (d)           permit
			 Holders to withdraw tendered Registrable Certificates at any time prior to 5:00
			 p.m. (Eastern Time) on the last business day of the Exchange Period, by sending
			 to the institution specified in the notice, a telegram, telex, facsimile
			 transmission or letter setting forth the name of such Holder, the principal
			 amount of Registrable Certificates delivered for exchange, and a statement that
			 such Holder is withdrawing his election to have such Certificates
			 exchanged;
		 
	 	                (e)           notify
			 the Depositary that any Registrable Certificates not tendered will remain
			 outstanding and distributions will continue to accumulate with respect thereto,
			 but will not retain any rights under this Agreement (except in the case of the
			 Initial Purchasers and Participating Broker-Dealers as provided herein);
			 and
		 
	 	                (f)            otherwise
			 comply in all respects with all applicable laws relating to the Exchange
			 Offer.

	 
		                              As soon as practicable after the
		close of the Exchange Offer, the Lessee and the Lease Guarantor shall:
	 

	 	 	                (i)            accept
			 for exchange all Registrable Certificates duly tendered and not validly
			 withdrawn pursuant to the Exchange Offer in accordance with the terms of the
			 Exchange Offer Registration Statement and the letter of transmittal which shall
			 be an exhibit thereto;
		 
	 	                (ii)           deliver
			 to the Pass Through Trustee for cancellation all Registrable Certificates so
			 accepted for exchange; and
		 
	 	                (iii)          cause
			 the Pass Through Trustee promptly to authenticate and deliver the respective
			 Exchange Certificates to each Holder of Registrable Certificates so accepted
			 for exchange in a principal amount equal to the principal amount of the
			 Registrable Certificates of such Holder so accepted for exchange.

	 
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		                                The Lessee and the Lease
		Guarantor shall use their reasonable best efforts to keep the Exchange Offer
		Registration Statement effective and to amend and supplement the Prospectus
		contained therein, in order to permit such Prospectus to be lawfully delivered
		by all Participating Broker-Dealers subject to the prospectus delivery
		requirements of the 1933 Act for such period of time as such Participating
		Broker-Dealers must comply with such requirements in order to resell the
		Exchange Certificates; provided, however, that (i) such period shall end
		on the earlier of 90 days after the consummation of the Exchange Offer and the
		date on which all Participating Broker-Dealers have sold all Exchange
		Certificates held by them (unless such period is extended pursuant to
		Section 3.1(k) below) and (ii) the Lessee and the Lease Guarantor
		shall make such Prospectus, and any amendment or supplement thereto, available
		to any such Participating Broker-Dealer for use in connection with any resale
		of any Exchange Certificates for a period ending on the earlier of 90 days
		after the consummation of the Exchange Offer and the date on which all
		Participating Broker-Dealers have sold all Exchange Certificates held by them
		(unless such period is extended pursuant to Section 3.1(k) below).
	 

	 
		                                Distributions on the Exchange
		Certificates will accumulate from the most recent distribution payment date to
		which distributions have been paid on the respective Registrable Certificates
		surrendered in exchange therefor or, if no distributions have been paid on such
		Registrable Certificates, from the Closing Date. The Exchange Offer shall not
		be subject to any conditions, other than (i) that the Exchange Offer, or
		the making of any exchange by a Holder, does not violate applicable law or any
		applicable interpretation of the staff of the SEC, (ii) the due tendering
		of Registrable Certificates in accordance with the Exchange Offer,
		(iii) that each Holder of Registrable Certificates exchanged in the
		Exchange Offer shall have represented (x) that all Exchange Certificates
		to be received by it shall be acquired in the ordinary course of its business
		(y) that it is not an Affiliate of the Lessee or the Lease Guarantor and
		(z) that at the time of the consummation of the Exchange Offer it shall
		have no arrangement or understanding with any person to participate in the
		distribution (within the meaning of the 1933 Act) of the Exchange Certificates
		and shall have made such other representations as may be reasonably necessary
		under applicable SEC rules, regulations or interpretations to render the use of
		Form S-4 or other appropriate form under the 1933 Act available and
		(iv) that no action or proceeding shall have been instituted or threatened
		in any court or by or before any governmental agency with respect to the
		Exchange Offer which, in the judgment of the Lessee or the Lease Guarantor,
		would reasonably be expected to impair the ability of the Lessee and the Lease
		Guarantor to proceed with the Exchange Offer. The Lessee and the Lease
		Guarantor shall inform the Initial Purchasers of the names and addresses of the
		Holders to whom the Exchange Offer is made, and the Initial Purchasers shall
		have the right to contact such Holders and otherwise facilitate the tender of
		Registrable Certificates in the Exchange Offer. Each Holder of Registrable
		Certificates who wishes to exchange such Registrable Certificates for Exchange
		Certificates in the Exchange Offer will be required to make certain customary
		representations in connection therewith, including representations that
		(i) all Exchange Certificates to be received by it were acquired in the
		ordinary course of its business, (ii) it is not an Affiliate of the Lessee
		or the Lease Guarantor and (iii) at the time of the consummation of the
		Exchange Offer it shall have no arrangement or understanding with any person to
		participate in the distribution (within the meaning of the 1933 Act) of the
		Exchange Certificates and shall have made such other representations as may be
		reasonably necessary under applicable SEC rules, regulations or interpretations
		to render the use of Form S-4 or other appropriate form under the 1933 Act
		available. Each Holder hereby acknowledges and agrees that any Participating
		Broker-Dealer and any such Holder using the 
	 

	 
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		Exchange Offer to
		participate in a distribution of the Exchange Certificates: (1) could
		not under SEC policy as in effect on the date of this Agreement rely on the
		position of the SEC enunciated in Morgan Stanley and Co., Inc. (available
		June 5, 1991) and Exxon Capital Holdings Corporation (available
		May 13, 1988), as interpreted in the SEC’s letter to Shearman &
		Sterling dated July 2, 1993, and similar no-action letters (including any
		no-action letter obtained based on the representation in clause (i) above), and
		(2) must comply with the registration and prospectus delivery requirements
		of the 1933 Act in connection with the secondary resale transaction and that
		such a secondary resale transaction should be covered by an effective
		registration statement containing the selling security holder information
		required by Items 507 and 508, as applicable, of Regulation S-K, the SEC
		standard instructions for filing forms under the 1933 Act, if the resales are
		of Exchange Certificates obtained by such Holder in exchange for Certificates
		acquired by such Holder directly from the Pass Through Trust, the Lessee or the
		Lease Guarantor or an Affiliate of the Lessee or the Lease Guarantor.
	 

	 
		                                2.2           Shelf
		Registration. (i) If, because of any changes in law, SEC rules or
		regulations or applicable interpretations thereof by the staff of the SEC, the
		Pass Through Trustee, the Lessee or the Lease Guarantor is not permitted to
		effect the Exchange Offer as contemplated by Section 2.1 hereof, (ii) if
		for any other reason (A) the Exchange Offer Registration Statement is not
		declared effective within 210 calendar days following the Closing Date or
		(B) the Exchange Offer is not consummated within 270 calendar days after
		the Closing Date (provided that neither the Lessee nor the Lease Guarantor is
		then actively pursuing such effectiveness or consummation, as the case may be),
		(iii) upon the written request of the Initial Purchasers with respect to
		any Registrable Certificates which they acquired directly from the Pass Through
		Trust, the Lessee or the Lease Guarantor, (iv) upon the written request of
		any Holder that either (A) is not permitted pursuant to applicable law,
		SEC rules and regulations or applicable interpretations thereof by the staff of
		the SEC to participate in the Exchange Offer or (B) participates in the
		Exchange Offer and does not receive fully tradable Exchange Certificates
		pursuant to the Exchange Offer, or (v) if the Lessee and the Lease
		Guarantor so elect, then in case of each of clauses (i) through (v) the Lessee
		and the Lease Guarantor shall, at their cost:
	 

	 	 	                (a)           as
			 promptly as practicable, file with the SEC, and thereafter shall use their
			 reasonable best efforts to cause to be declared or otherwise become effective
			 as promptly as practicable but no later than 210 calendar days after the
			 Closing Date, a Shelf Registration Statement relating to the offer and sale of
			 the Registrable Certificates by the Holders from time to time in accordance
			 with the methods of distribution elected by the Majority Holders participating
			 in the Shelf Registration and set forth in such Shelf Registration
			 Statement;
		 
	 	                (b)           use
			 their reasonable best efforts to keep the Shelf Registration Statement
			 continuously effective in order to permit the Prospectus forming a part thereof
			 to be usable by Holders for a period ending on the earliest of (i) two
			 years from the Closing Date, (ii) the date on which the Registrable
			 Certificates become eligible for resale without volume limitations pursuant to
			 Rule 144 under the 1933 Act, or (iii) for such shorter period that will
			 terminate when all Registrable Certificates covered by the Shelf Registration
			 Statement have been sold pursuant to the Shelf Registration Statement or cease
			 to be outstanding or otherwise to be Registrable Certificates; and

	 
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	 	 	                 (c)           notwithstanding
			 any other provisions hereof, use their reasonable best efforts to ensure that
			 (i) any Shelf Registration Statement and any amendment thereto and any
			 Prospectus forming a part thereof and any supplement thereto complies in all
			 material respects with the 1933 Act and the rules and regulations thereunder,
			 (ii) any Shelf Registration Statement and any amendment thereto does not,
			 when it becomes effective, contain an untrue statement of a material fact or
			 omit to state a material fact required to be stated therein or necessary to
			 make the statements therein not misleading and (iii) any Prospectus
			 forming a part of any Shelf Registration Statement, and any supplement to such
			 Prospectus (as amended or supplemented from time to time), does not include an
			 untrue statement of a material fact or omit to state a material fact necessary
			 in order to make the statements, in light of the circumstances under which they
			 were made, not misleading.

	 
		                                The Lessee and the Lease
		Guarantor further agree, if necessary, to supplement or amend the Shelf
		Registration Statement, as required by Section 3.1(b) below, and to furnish to
		the Depositary copies of any such supplement or amendment as promptly as
		reasonably practicable after its being used or filed with the SEC.
	 

	 
		                                No Holder of Registrable
		Certificates shall be entitled to include any of its Registrable Certificates
		in any Shelf Registration Statement pursuant to this Agreement unless and until
		such Holder agrees in writing to be bound by all of the provisions of this
		Agreement applicable to such Holder and furnishes to the Lessee or the Lease
		Guarantor in writing, within 15 days after receipt of a request therefor, such
		information as the Lessee and the Lease Guarantor may, after conferring with
		counsel with regard to information relating to Holders that would be required
		by the SEC to be included in such Shelf Registration Statement or Prospectus
		included therein, reasonably request for inclusion in any Shelf Registration
		Statement or Prospectus included therein. Each Holder as to which any Shelf
		Registration is being effected agrees promptly to furnish to the Lessee or the
		Lease Guarantor all information with respect to such Holder necessary to make
		the information previously furnished to the Lessee or the Lease Guarantor by
		such Holder not materially misleading.
	 

	 
		                                2.3           Expenses.
		The Lessee and the Lease Guarantor shall pay all Registration Expenses in
		connection with the registration pursuant to Section 2.1 or 2.2 hereof. Each
		Holder shall pay all underwriting discounts and commissions and transfer taxes,
		if any, relating to the sale or disposition of such Holder’s Registrable
		Certificates pursuant to the Shelf Registration Statement.
	 

	 
		                                2.4 
		         Effectiveness. 
	 

	 	 	                (a)           The
			 Lessee and the Lease Guarantor will be deemed not to have used their reasonable
			 best efforts to cause the Exchange Offer Registration Statement or the Shelf
			 Registration Statement, as the case may be, to become, or to remain, effective
			 during the requisite period if the Lessee or the Lease Guarantor voluntarily
			 takes any action that would, or omits to take any action which omission would,
			 result in any such Registration Statement not being declared or otherwise
			 becoming effective or in the Holders of Registrable Certificates covered
			 thereby not being able to exchange or offer and sell such 

	 
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	 	 	Registrable Certificates during that period as and to the extent
			 contemplated hereby, unless such action is required by applicable
			 law.
		 
	 	                (b)           Neither
			 an Exchange Offer Registration Statement pursuant to Section 2.1 hereof nor a
			 Shelf Registration Statement pursuant to Section 2.2 hereof will be deemed to
			 have become effective unless it has been declared effective by the SEC or
			 otherwise become effective under the 1933 Act; provided, however, that if,
			 after it has been declared or otherwise become effective, the offering of
			 Registrable Certificates pursuant to a Shelf Registration Statement is
			 interfered with by any stop order, injunction or other order or requirement of
			 the SEC or any other governmental agency or court, such Registration Statement
			 will be deemed not to have become effective during the period of such
			 interference until the offering of Registrable Certificates pursuant to such
			 Registration Statement may legally resume.

	 
		                                2.5           Additional
		Interest. A “Non-Registration Event” shall be deemed to have
		occurred if the Exchange Offer is not consummated or the Shelf Registration
		Statement is not declared or does not otherwise become effective on or prior to
		the date that is 270 calendar days after the Closing Date and any such
		Non-Registration Event shall be deemed to continue until the Exchange Offer is
		consummated or the Shelf Registration Statement is declared effective by the
		SEC or has otherwise become effective. The Lessor Notes provide that upon the
		occurrence or during the continuation of a Non-Registration Event, the interest
		rate on the Lessor Notes will be increased by 0.25%.
	 

	 
		                                2.6           Specific
		Enforcement. Without limiting the remedies available to the Initial
		Purchasers and the Holders, the Lessee and the Lease Guarantor acknowledge that
		any failure by the Lessee or the Lease Guarantor to comply with its obligations
		under Sections 2.1 and 2.2 hereof may result in material irreparable injury to
		the Initial Purchasers or the Holders for which there is no adequate remedy at
		law, that it will not be possible to measure damages for such injuries
		precisely and that, in the event of any such failure, the Initial Purchasers or
		any Holder may obtain such relief as may be required to specifically enforce
		the Lessee’s and the Lease Guarantor’s obligations under Sections 2.1
		and 2.2 hereof.
	 

	 
		                                3.    Registration
		Procedures.
	 

	 
		                                3.1           In
		connection with the obligations of the Lessee and the Lease Guarantor with
		respect to Registration Statements pursuant to Sections 2.1 and 2.2 hereof, the
		Lessee and the Lease Guarantor shall:
	 

	 	 	                (a)           prepare
			 and file with the SEC a Registration Statement, within the relevant time period
			 specified in Section 2 hereof, on the appropriate form under the 1933 Act,
			 which form (i) shall be selected by the Lessee and the Lease Guarantor,
			 (ii) shall in the case of a Shelf Registration, be available for the sale
			 of the Registrable Certificates by the selling Holders thereof,
			 (iii) shall comply as to form in all material respects with the
			 requirements of the applicable form and include or incorporate by reference all
			 financial statements required by the SEC to be filed therewith or incorporated
			 by reference therein, and (iv) shall comply in all respects with the
			 requirements of Regulation S-T under the 

	 
		10
	 

	 

	 
	 

	 

	 	 	1933 Act, and use their best efforts to cause such Registration
			 Statement to become effective and remain effective in accordance with Section 2
			 hereof;
		 
	 	                (b)           prepare
			 and file with the SEC such amendments and post-effective amendments to each
			 Registration Statement as may be necessary under applicable law to keep such
			 Registration Statement effective for the applicable period, and cause each
			 Prospectus to be supplemented by any required prospectus supplement, and as so
			 supplemented to be filed pursuant to Rule 424 under the 1933 Act and comply
			 with the provisions of the 1933 Act applicable to them with respect to the
			 disposition of all securities covered by each Registration Statement during the
			 applicable period in accordance with the intended method or methods of
			 distribution by the selling Holders thereof;
		 
	 	                (c)           in
			 the case of a Shelf Registration, (i) notify the Depositary, at least five
			 (5) business days prior to filing, that a Shelf Registration Statement with
			 respect to the Registrable Certificates is being filed and advise the
			 Depositary that the distribution of Registrable Certificates will be made in
			 accordance with the method selected by the Majority Holders participating in
			 the Shelf Registration; (ii) furnish to the Depositary and to each
			 underwriter of an underwritten offering of Registrable Certificates, if any,
			 without charge, as many copies of each Prospectus, including each preliminary
			 Prospectus, and any amendment or supplement thereto and such other documents as
			 the Depositary or underwriter may reasonably request, including financial
			 statements and schedules and, if the Depositary so requests, all exhibits, in
			 order to facilitate the public sale or other disposition of the Registrable
			 Certificates; and (iii) hereby consent to the use of the Prospectus or any
			 amendment or supplement thereto by each of the selling Holders of Registrable
			 Certificates in connection with the offering and sale of the Registrable
			 Certificates covered by the Prospectus or any amendment or supplement
			 thereto;
		 
	 	                (d)           use
			 their best efforts to register or qualify the Registrable Certificates under
			 all applicable state securities or “blue sky” laws of such
			 jurisdictions as any Holder of Registrable Certificates covered by a
			 Registration Statement and each underwriter of an underwritten offering of
			 Registrable Certificates shall reasonably request in writing by the time the
			 applicable Registration Statement is declared effective by the SEC or has
			 otherwise become effective under the 1933 Act, and do any and all other acts
			 and things which may be reasonably necessary or advisable to enable each such
			 Holder and underwriter to consummate the disposition in each such jurisdiction
			 of such Registrable Certificates owned by such Holder; provided, however, that
			 neither the Lessee nor the Lease Guarantor shall be required to
			 (i) qualify as a foreign corporation or as a dealer in securities in any
			 jurisdiction where it would not otherwise be required to qualify but for this
			 Section 3.1(d), or (ii) take any action which would subject it to general
			 service of process or taxation in any such jurisdiction where it is not then so
			 subject;
		 
	 	                (e)           notify
			 promptly each Holder of Registrable Certificates under a Shelf Registration or
			 any Participating Broker-Dealer who has notified the Lessee or the Lease
			 Guarantor that it is utilizing the Exchange Offer Registration Statement as
			 provided in Section 3.1(f) hereof, and, if requested by such Holder or
			 Participating Broker-Dealer, confirm such advice in writing promptly
			 (i) when a Registration Statement has become 

	 
		11
	 

	 

	 
	 

	 

	 	 	effective and when any post-effective amendments and supplements
			 thereto become effective, (ii) of any request by the SEC or any state
			 securities authority for post-effective amendments and supplements to a
			 Registration Statement and Prospectus or for additional information after the
			 Registration Statement has become effective, (iii) of the issuance by the
			 SEC or any state securities authority of any stop order suspending the
			 effectiveness of a Registration Statement or the initiation of any proceedings
			 for that purpose, (iv) in the case of a Shelf Registration, if, between
			 the effective date of a Registration Statement and the closing of any sale of
			 Registrable Certificates covered thereby, the representations and warranties of
			 either the Lessee or the Lease Guarantor contained in any underwriting
			 agreement, securities sales agreement or other similar agreement, if any,
			 relating to the offering cease to be true and correct in all material respects,
			 (v) of the happening of any event or the discovery of any facts during the
			 period a Shelf Registration Statement is effective which makes any statement
			 made in such Registration Statement or related Prospectus untrue in any
			 material respect or which requires the making of any changes in such
			 Registration Statement or Prospectus in order to make the statements therein
			 not misleading, and (vi) of the receipt by the Lessee or the Lease
			 Guarantor of any notification with respect to the suspension of the
			 qualification of the Registrable Certificates or the Exchange Certificates, as
			 the case may be, for sale in any jurisdiction or the initiation or threatening
			 of any proceeding for such purpose;
		 
	 	                (f)            in
			 the case of the Exchange Offer Registration Statement (i) include in the
			 Prospectus contained in the Exchange Offer Registration Statement a section
			 entitled “Plan of Distribution” which section shall be reasonably
			 acceptable to the Initial Purchasers or another representative of the
			 Participating Broker-Dealers and shall contain a summary statement of the
			 positions taken or policies made by the staff of the SEC with respect to the
			 potential “underwriter” status of any broker-dealer that holds
			 Registrable Certificates acquired for its own account as a result of
			 market-making activities or other trading activities and that will be the
			 beneficial owner (as defined in Rule 13d-3 under the 1934 Act) of Exchange
			 Certificates to be received by such broker-dealer in the Exchange Offer,
			 whether such positions or policies have been publicly disseminated by the staff
			 of the SEC or such positions or policies, in the reasonable judgment of the
			 Initial Purchasers and their counsel, represent the prevailing views of the
			 staff of the SEC, including a statement that any such broker-dealer who
			 receives Exchange Certificates for Registrable Certificates pursuant to the
			 Exchange Offer may be deemed a statutory underwriter and must deliver a
			 prospectus meeting the requirements of the 1933 Act in connection with any
			 resale of such Exchange Certificates, (ii) furnish to each Participating
			 Broker-Dealer who has delivered to the Lessee or the Lease Guarantor the notice
			 referred to in Section 3.1(e) hereof, without charge, as many copies of each
			 Prospectus included in the Exchange Offer Registration Statement, including any
			 preliminary Prospectus, and any amendment or supplement thereto, as such
			 Participating Broker-Dealer may reasonably request, (iii) hereby consent
			 to the use of the Prospectus forming part of the Exchange Offer Registration
			 Statement or any amendment or supplement thereto, by any person subject to the
			 prospectus delivery requirement of the SEC, including all Participating
			 Broker-Dealers, in connection with the sale or transfer of the Exchange
			 Certificates covered by the Prospectus or any amendment or supplement thereto,
			 and (iv) include in the transmittal letter or similar documentation to be
			 executed by an exchange offeree in order to participate in the Exchange Offer
			 (x) the following provision:

	 
		12
	 

	 

	 
	 

	 

	 	 	“if the exchange offeree is a broker-dealer holding Registrable
			 Certificates acquired for its own account as a result of market-making
			 activities or other trading activities, it will deliver a prospectus meeting
			 the requirements of the 1933 Act in connection with any resale of Exchange
			 Certificates received in respect of such Registrable Certificates pursuant to
			 the Exchange Offer;” and
		 

	 	 	(y) a statement to the effect that by a broker-dealer making the
			 acknowledgment described in clause (x) and delivering a Prospectus in
			 connection with the exchange of Registrable Certificates, the broker-dealer
			 will not be deemed to admit that it is an underwriter within the meaning of the
			 1933 Act; 
		 
	 	                (g)           (i) in
			 the case of an Exchange Offer, furnish counsel for the Initial Purchasers and
			 (ii) in the case of a Shelf Registration, furnish counsel for the Holders
			 of Registrable Certificates, copies of any comment letters received from the
			 SEC or any other request by the SEC or any state securities authority for
			 amendments or supplements to a Registration Statement and Prospectus or for
			 additional information;
		 
	 	                (h)           make
			 every reasonable effort to obtain the withdrawal of any order suspending the
			 effectiveness of a Registration Statement at the earliest possible
			 moment;
		 
	 	                (i)            in
			 the case of a Shelf Registration, furnish to the Depositary, and each
			 underwriter, if any, without charge, at least one conformed copy of each
			 Registration Statement and any post-effective amendment thereto, including
			 financial statements and schedules (without documents incorporated therein by
			 reference and exhibits thereto, unless requested);
		 
	 	                (j)            in
			 the case of a Shelf Registration, cooperate with the selling Holders of
			 Registrable Certificates to facilitate the timely preparation and delivery of
			 certificates representing Registrable Certificates to be sold and not bearing
			 any restrictive legends, and enable such Registrable Certificates to be in such
			 denominations (consistent with the provisions of the Pass Through Trust
			 Agreement) and registered in such names as the selling Holders or the
			 underwriters, if any, may reasonably request at least three (3) business days
			 prior to the closing of any sale of Registrable Certificates;
		 
	 	                (k)           in
			 the case of a Shelf Registration, upon the occurrence of any event or the
			 discovery of any facts, each as contemplated by Sections 3.1(e)(ii),
			 3.1(e)(iv), 3.1(e)(v) and 3.1(e)(vi) hereof, use their best efforts to prepare
			 a supplement or post-effective amendment to the Registration Statement or the
			 Prospectus or any document incorporated therein by reference or file any other
			 required document so that, as thereafter delivered to the purchasers of the
			 Registrable Certificates or Participating Broker-Dealers, such Prospectus will
			 not contain at the time of such delivery any untrue statement of a material
			 fact or omit to state a material fact necessary to make the statements therein,
			 in light of the circumstances under which they were made, not misleading; and
			 notify each Holder to suspend use of the Prospectus as promptly as practicable
			 after the occurrence of such 

	 
		13
	 

	 

	 
	 

	 

	 	 	an
			 event, and each Holder hereby agrees to suspend use of the Prospectus until
			 such time as such Holder has received from the Lessee or the Lease Guarantor an
			 amended or supplemented Prospectus correcting such misstatement or
			 omission;
		 
	 	                (l)            in
			 the case of a Shelf Registration, a reasonable time prior to the filing of any
			 Registration Statement, any Prospectus, any amendment to a Registration
			 Statement or amendment or supplement to a Prospectus or any document which is
			 to be incorporated by reference into a Registration Statement or a Prospectus
			 after initial filing of a Registration Statement, provide copies of such
			 document to the Initial Purchasers on behalf of such Holders, and make
			 representatives of the Lessee and the Lease Guarantor as shall be reasonably
			 requested by the Holders of Registrable Certificates, or the Initial Purchasers
			 on behalf of such Holders, available for discussion of such
			 document;
		 
	 	                (m)          obtain
			 a CUSIP number for all Exchange Certificates or Registrable Certificates, as
			 the case may be, not later than the effective date of a Registration Statement,
			 and provide the Pass Through Trustee with printed certificates for the Exchange
			 Certificates or the Registrable Certificates, as the case may be, in a form
			 eligible for deposit with the Depositary;
		 
	 	                (n)           (i) cause
			 the Pass Through Trust Agreement to be qualified under the Trust Indenture Act
			 of 1939, as amended (the “TIA”), in connection with the
			 registration of the Exchange Certificates or Registrable Certificates, as the
			 case may be, (ii) cooperate with the Pass Through Trustee and the Holders
			 to effect such changes to the Pass Through Trust Agreement as may be required
			 for the Pass Through Trust Agreement to be so qualified in accordance with the
			 terms of the TIA, and (iii) execute, and use their best efforts to cause
			 the Pass Through Trustee to execute, all documents as may be required to effect
			 such changes, and all other forms and documents required to be filed with the
			 SEC to enable the Pass Through Trust Agreement to be so qualified in a timely
			 manner;
		 
	 	                (o)           in
			 the case of a Shelf Registration, enter into agreements (including underwriting
			 agreements) and take all other customary and appropriate actions in order to
			 expedite or facilitate the disposition of such Registrable Certificates and in
			 such connection whether or not an underwriting agreement is entered into and
			 whether or not the registration is an underwritten registration:
		 

	 	 	                (i)            make
			 such representations and warranties to the Holders of such Registrable
			 Certificates and the underwriters, if any, in form, substance and scope as are
			 customarily made by issuers to underwriters in similar underwritten offerings
			 as may be reasonably requested by them;
		 
	 	                (ii)           obtain
			 opinions of counsel to the Lessee and the Lease Guarantor and updates thereof
			 (which counsel and opinions (in form, scope and substance) shall be reasonably
			 satisfactory to the managing underwriters, if any, and the holders of a
			 majority in principal amount of the Registrable Certificates being sold)
			 addressed to each selling Holder and the underwriters, if any, covering the
			 matters customarily covered in opinions requested in sales of securities or
			 

	 
		14
	 

	 

	 
	 

	 

	 	 	underwritten offerings and such other matters as may be reasonably
			 requested by such Holders and underwriters;
		 
	 	                (iii)          if
			 requested by any selling Holder of Registrable Certificates or underwriter,
			 obtain “cold comfort” letters and updates thereof from the
			 independent registered public accounting firm of the Lessee and the Lease
			 Guarantor who have certified the financial statements of either such entity and
			 any other entity included or incorporated by reference in the Registration
			 Statement addressed to the such underwriters, if any, and use reasonable
			 efforts to have such letter addressed to the selling Holders of Registrable
			 Certificates (to the extent consistent with SAS 72), such letters to be in
			 customary form and covering matters of the type customarily covered in
			 “cold comfort” letters to underwriters in connection with similar
			 underwritten offerings;
		 
	 	                (iv)          enter
			 into a securities sales agreement with the Holders and an agent of the Holders
			 providing for, among other things, the appointment of such agent for the
			 selling Holders for the purpose of soliciting purchases of Registrable
			 Certificates, which agreement shall be in form, substance and scope customary
			 for similar offerings;
		 
	 	                (v)           if
			 an underwriting agreement is entered into, cause the same to set forth
			 indemnification provisions and procedures substantially equivalent to the
			 indemnification provisions and procedures set forth in Sections 4 and 5 hereof
			 with respect to the underwriters and all other parties to be indemnified
			 pursuant to said Sections or, at the request of any underwriters, in the form
			 customarily provided to such underwriters in similar types of transactions;
			 and
		 
	 	                (vi)          deliver
			 such documents and certificates as may be reasonably requested and as are
			 customarily delivered in similar offerings to the Holders of a majority in
			 principal amount of the Registrable Certificates being sold and the managing
			 underwriters, if any.
		 

	 	 	The above shall be done at (i) the effectiveness of such
			 Registration Statement (and each post-effective amendment thereof) and
			 (ii) each closing under any underwriting or similar agreement as and to
			 the extent required thereunder;
		 
	 	                (p)           in
			 the case of a Shelf Registration, make available for inspection by
			 representatives of the Holders of the Registrable Certificates and any
			 underwriters participating in any disposition pursuant to a Shelf Registration
			 Statement and any counsel or accountant retained by such Holders or
			 underwriters, all financial and other records, pertinent corporate documents
			 and properties of the Lessee and the Lease Guarantor reasonably requested by
			 any such persons and use their reasonable best efforts to cause the respective
			 officers, directors, employees, and any other agents of the Lessee and the
			 Lease Guarantor to supply all information reasonably requested by any such
			 representative, underwriter, special counsel or accountant in connection with a
			 Registration Statement, and make such representatives of the Lessee and the
			 Lease 

	 
		15
	 

	 

	 
	 

	 

	 	 	Guarantor available for discussion of such documents as shall be
			 reasonably requested by the Initial Purchasers;
		 
	 	                (q)          
			 
		 

	 	 	                (i)            in
			 the case of an Exchange Offer Registration Statement, within a reasonable time
			 prior to the filing of any Exchange Offer Registration Statement, any
			 Prospectus forming a part thereof, any amendment to an Exchange Offer
			 Registration Statement or amendment or supplement to such Prospectus, provide
			 copies of such document to the Initial Purchasers and make such changes in any
			 such document prior to the filing thereof as the Initial Purchasers may
			 reasonably request and, except as otherwise required by applicable law, not
			 file any such document in a form to which the Initial Purchasers on behalf of
			 the Holders of Registrable Certificates shall reasonably object;
			 and
		 
	 	                (ii)           in
			 the case of a Shelf Registration, within a reasonable time prior to filing any
			 Shelf Registration Statement, any Prospectus forming a part thereof, any
			 amendment to such Shelf Registration Statement or amendment or supplement to
			 such Prospectus, provide copies of such document to the Depositary, to the
			 Initial Purchasers, to counsel on behalf of the Holders and to the underwriter
			 or underwriters of an underwritten offering of Registrable Certificates, if
			 any, make such changes in any such document prior to the filing thereof as the
			 Initial Purchasers, the counsel to the Holders or the underwriter or
			 underwriters reasonably request and not file any such document in a form to
			 which the Majority Holders or the Initial Purchasers on behalf of the Holders
			 of Registrable Certificates or any underwriter may reasonably object and make
			 the representatives of the Lessee and the Lease Guarantor available for
			 discussion of such document as shall be reasonably requested by the Holders of
			 Registrable Certificates, the Initial Purchasers on behalf of such Holders, or
			 any underwriter;
		 

	 	 	                (r)            in
			 the case of a Shelf Registration, use their reasonable best efforts to cause
			 all Registrable Certificates to be listed on any securities exchange on which
			 similar securities issued by the Pass Through Trust, the Lessee or the Lease
			 Guarantor are then listed if requested by the Majority Holders, or if requested
			 by the underwriter or underwriters of an underwritten offering of Registrable
			 Certificates, if any;
		 
	 	                (s)           in
			 the case of a Shelf Registration, use their reasonable best efforts to cause
			 the Registrable Certificates to be rated by the appropriate rating agencies, if
			 so requested by the Majority Holders, or if requested by the underwriter or
			 underwriters of an underwritten offering of Registrable Certificates, if
			 any;
		 
	 	                (t)            otherwise
			 comply with all applicable rules and regulations of the SEC and make available
			 to security holders, as soon as reasonably practicable, an earnings statement
			 covering at least 12 months which shall satisfy the provisions of Section 11(a)
			 of the 1933 Act and Rule 158 thereunder;

	 
		16
	 

	 

	 
	 

	 

	 	 	                (u)           cooperate
			 and assist in any filings required to be made with the NASD and, in the case of
			 a Shelf Registration, in the performance of any due diligence investigation by
			 any underwriter and its counsel (including any “qualified independent
			 underwriter” that is required to be retained in accordance with the rules
			 and regulations of the NASD); and
		 
	 	                (v)           in
			 the case of any Exchange Offer Registration Statement, upon consummation of an
			 Exchange Offer, 
		 
	 	                                (A)  obtain a customary
			 opinion of counsel to the Lessee and the Lease Guarantor addressed to the Pass
			 Through Trustee for the benefit of all Holders of Registrable Certificates
			 participating in the Exchange Offer, and which includes the opinions that (i)
			 the Lessee and the Lease Guarantor have duly authorized, executed and delivered
			 the Pass Through Trust Agreement and (ii) each of the Lessee and, where
			 appropriate, the Lease Guarantor, has duly authorized, executed and delivered
			 each of the Operative Documents to which it is a party and (x) the
			 Exchange Certificates constitute legal, valid and binding obligations of the
			 Pass Through Trust, enforceable against the Pass Through Trust in accordance
			 with their terms (with customary exceptions), (y) the Pass Through Trust
			 Agreement constitutes a legal, valid and binding obligation of each of the
			 Lessee and the Lease Guarantor, enforceable against the Lessee and the Lease
			 Guarantor, in accordance with its terms (with customary exceptions) and (z)
			 each of the Operative Documents to which the Lessee or Lease Guarantor is a
			 party constitutes a valid and binding agreement enforceable against the Lessee
			 and, where appropriate, the Lease Guarantor, in accordance with its terms (with
			 customary exceptions); and
		 
	 	                                (B)  deliver to the
			 Initial Purchasers or to another representative of the Participating
			 Broker-Dealers, if requested by the Initial Purchasers or such other
			 representative of the Participating Broker-Dealers, on behalf of the
			 Participating Broker-Dealers (i) an opinion of counsel or opinions of
			 counsel substantially in the form attached hereto as Exhibit A and (ii) an
			 officers’ certificate substantially in the form customarily delivered in a
			 public offering of debt securities.

	 
		                                In the case of a Shelf
		Registration Statement, the Lessee and the Lease Guarantor may (as a condition
		to such Holder’s participation in the Shelf Registration) require each
		Holder of Registrable Certificates to furnish to the Lessee or the Lease
		Guarantor such information regarding the Holder and the proposed distribution
		by such Holder of such Registrable Certificates as the Lessee or the Lease
		Guarantor may from time to time reasonably request in writing for use in
		connection with any Shelf Registration Statement or Prospectus included
		therein, including, without limitation, information specified in Item 507 of
		Regulation S-K under the 1933 Act. Each Holder as to which any Shelf
		Registration is being effected agrees to furnish promptly to the Lessee or the
		Lease Guarantor all information required to be disclosed with respect to such
		Holder in order to make any information with respect to such Holder previously
		furnished to the Lessee or the Lease Guarantor by such Holder not materially
		misleading.
	 

	 
		                                In the case of a Shelf
		Registration Statement, each Holder agrees that, upon receipt of any notice
		directly or indirectly from the Lessee or the Lease Guarantor of the happening
		of any event or the discovery of any facts, each of the kind described in
		Section 
	 

	 
		17
	 

	 

	 
	 

	 

	 
		3.1(e)(v) hereof,
		such Holder will forthwith discontinue disposition of Registrable Certificates
		pursuant to a Registration Statement until such Holder’s receipt of the
		copies of the supplemented or amended Prospectus contemplated by Section 3.1(k)
		hereof, and, if so directed by the Lessee or the Lease Guarantor, such Holder
		will deliver to the Lessee or the Lease Guarantor (at such Holder’s
		expense) all copies in such Holder’s possession, other than permanent file
		copies then in such Holder’s possession, of the Prospectus covering such
		Registrable Certificates current at the time of receipt of such notice.
	 

	 
		                                If any of the Registrable
		Certificates covered by any Shelf Registration Statement are to be sold in an
		underwritten offering, the underwriter or underwriters and manager or managers
		that will manage such offering will be selected by the Majority Holders of such
		Registrable Certificates included in such offering and shall be acceptable to
		the Lessee or the Lease Guarantor. No Holder of Registrable Certificates may
		participate in any underwritten registration hereunder unless such Holder
		(a) agrees to sell such Holder’s Registrable Certificates on the
		basis provided in any underwriting arrangements approved by the persons
		entitled hereunder to approve such arrangements and (b) completes and
		executes all questionnaires, powers of attorney, indemnities, underwriting
		agreements and other documents required under the terms of such underwriting
		agreement.
	 

	 
		                                3.2           In
		connection with the obligations of the Lessee and the Lease Guarantor with
		respect to Registration Statements pursuant to Sections 2.1 and 2.2 hereof, the
		Pass Through Trustee shall:
	 

	 	 	                (a)           notify
			 promptly each Holder of Registrable Certificates under a Shelf Registration or
			 any Participating Broker-Dealer who has notified the Lessee or the Lease
			 Guarantor that it is utilizing the Exchange Offer Registration Statement as
			 provided in Section 3.1(f) hereof, and, if requested by such Holder or
			 Participating Broker-Dealer, confirm such advice in writing promptly of the
			 receipt by the Pass Through Trustee of any notification with respect to the
			 suspension of the qualification of the Registrable Certificates or the Exchange
			 Certificates, as the case may be, for sale in any jurisdiction or the
			 initiation or threatening of any proceeding for such purpose;
		 
	 	                (b)           in
			 the case of a Shelf Registration, enter into agreements (including underwriting
			 agreements) and take all other customary and appropriate actions in order to
			 expedite or facilitate the disposition of such Registrable Certificates and in
			 such connection whether or not an underwriting agreement is entered into and
			 whether or not the registration is an underwritten registration, obtain an
			 opinion of counsel to the Pass Through Trustee and updates thereof (which
			 counsel and opinion (in form, scope and substance) shall be reasonably
			 satisfactory to the managing underwriters, if any, and the holders of a
			 majority in principal amount of the Registrable Certificates being sold)
			 addressed to each selling Holder and the underwriters, if any, covering the
			 matters customarily covered in opinions requested in sales of securities or
			 underwritten offerings and such other matters as may be reasonably requested by
			 such Holders and underwriters;
		 
	 	                (c)           in
			 the case of a Shelf Registration, make available for inspection by
			 representatives of the Holders of the Registrable Certificates and any
			 underwriters participating in any disposition pursuant to a Shelf Registration
			 Statement and any 

	 
		18
	 

	 

	 
	 

	 

	 	 	counsel or accountant retained by such Holders or underwriters, all
			 financial and other records, pertinent corporate documents and properties of
			 the Pass Through Trustee reasonably requested by any such persons and use their
			 reasonable best efforts to cause the respective officers, directors, employees,
			 and any other agents of the Pass Through Trustee to supply all information
			 reasonably requested by any such representative, underwriter, special counsel
			 or accountant in connection with a Registration Statement, and make such
			 representatives of the Pass Through Trustee available for discussion of such
			 documents as shall be reasonably requested by the Initial
			 Purchasers;
		 
	 	                (d)           in
			 the case of a Shelf Registration, make the representatives of the Pass Through
			 Trustee available for discussion of such document as shall be reasonably
			 requested by the Holders of Registrable Certificates, the Initial Purchasers on
			 behalf of such Holders, or any underwriter; and
		 
	 	                (e)           in
			 the case of any Exchange Offer Registration Statement, upon consummation of an
			 Exchange Offer, obtain a customary opinion of counsel to the Pass Through
			 Trustee addressed to the Pass Through Trustee for the benefit of all Holders of
			 Registrable Certificates participating in the Exchange Offer which includes the
			 opinions that (i) the Pass Through Trustee has duly authorized, executed
			 and delivered on behalf of the Pass Through Trust the Exchange Certificates,
			 (ii) the Pass Through Trustee has duly authorized, executed and delivered the
			 Pass Through Trust Agreement and (iii) the Pass Through Trustee has duly
			 authorized, executed and delivered each of the Operative Documents to which it
			 is a party and (x) the Exchange Certificates constitute legal, valid and
			 binding obligations of the Pass Through Trust, enforceable against the Pass
			 Through Trust in accordance with their terms (with customary exceptions), (y)
			 the Pass Through Trust Agreement constitutes a legal, valid and binding
			 obligation of the Pass Through Trustee, enforceable against the Pass Through
			 Trustee, in accordance with its terms (with customary exceptions) and (z) each
			 of the Operative Documents to which the Pass Through Trustee is a party
			 constitutes a valid and binding agreement enforceable against the Pass Through
			 Trustee, in accordance with its terms (with customary exceptions).

	 
		                                4.   
		Indemnification.
	 

	 
		                                4.1           Indemnification
		by the Lessee and the Lease Guarantor. The Lessee and the Lease Guarantor
		agree to indemnify and hold harmless the each Initial Purchaser, its directors
		and officers, each Holder, each Participating Broker-Dealer, each Person who
		participates as an underwriter (any such Person being an
		“Underwriter”) and each Person, if any, who controls any Holder or
		Underwriter within the meaning of Section 15 of the 1933 Act or Section 20 of
		the 1934 Act from and against any and all losses, claims, damages and
		liabilities that arise out of or are based upon any untrue statement or alleged
		untrue statement of a material fact contained in any Registration Statement
		pursuant to which Exchange Certificates or Registrable Certificates were
		registered under the 1933 Act or any related Prospectus or any related Issuer
		Free Writing Prospectus (as that term is defined in Rule 433(h)(1) under the
		1933 Act), or any omission or alleged omission to state therein a material fact
		required to be stated therein or necessary to make the statements therein not
		misleading, and agree to reimburse each Initial Purchaser and each controlling
		person, as incurred, for any legal or other expenses reasonably incurred by it
		or him/her in connection with investigating or defending any such loss, 

	 

	 
		19
	 

	 

	 
	 

	 

	 
		claim, damage or
		liability, except insofar as such losses, claims, damages or liabilities arise
		out of or are based upon any such untrue statement or alleged untrue statement
		or omission or alleged omission or are based upon information furnished in
		writing to the Lessee or the Lease Guarantor by any Initial Purchaser, Holder,
		Participating Broker-Dealer or Underwriter with respect to such Initial
		Purchaser, Holder, Participating Broker-Dealer or Underwriter, as the case may
		be, specifically for inclusion therein. 
	 

	 
		                                4.2           Indemnification
		by the Holders, Initial Purchasers, Participating Broker-Dealers and
		Underwriters. Each Holder, each Initial Purchaser, each Participating
		Broker-Dealer and each Underwriter severally, but not jointly, agrees to
		indemnify and hold harmless the Lessee, the Lease Guarantor, each other Initial
		Purchaser, each other Participating Broker-Dealer, each other Underwriter and
		each other selling Holder, and each of their respective directors and officers,
		and each Person, if any, who controls the Lessee, the Lease Guarantor, any
		Initial Purchaser, any Participating Broker-Dealer, any Underwriter, or any
		other selling Holder within the meaning of Section 15 of the 1933 Act or
		Section 20 of the 1934 Act to the same extent as the foregoing indemnity
		contained in Section 4.1 hereof, but only with reference to written information
		relating to such Holder, Initial Purchaser, Participating Broker-Dealer or
		Underwriter furnished in writing to the Lessee or the Lease Guarantor by such
		Holder, Initial Purchaser, Participating Broker-Dealer or Underwriter
		specifically for inclusion in the Shelf Registration Statement or such
		Prospectus; provided, however, that no such Holder, Initial Purchaser,
		Participating Broker-Dealer or Underwriter shall be liable for any claims
		hereunder in excess of the amount of net proceeds received by such Holder,
		Initial Purchaser, Participating Broker-Dealer or Underwriter from the sale of
		Registrable Certificates pursuant to such Shelf Registration Statement. This
		indemnity agreement will be in addition to any liability which such Holder,
		Initial Purchaser, Participating Broker-Dealer or Underwriter may otherwise
		have. 
	 

	 
		                                4.3           Actions
		Against Parties; Notification.  Promptly after receipt by an
		indemnified party under Section 4.1 or 4.2 hereof of notice of the commencement
		of any action, such indemnified party will, if a claim in respect thereof is to
		be made against the indemnifying party under Section 4.1 or 4.2 hereof, notify
		the indemnifying party in writing of the commencement thereof; but the omission
		so to notify the indemnifying party (i) will not relieve it from any
		liability under Section 4.1 or 4.2 hereof unless and to the extent such
		failure results in the loss by the indemnifying party of substantial rights and
		defenses and (ii) will not, in any event relieve the indemnifying party
		from any obligations to any indemnified party other than the indemnification
		obligation provided in Section 4.1 or 4.2 hereof. In any such proceeding, any
		indemnified party shall have the right to retain its own counsel, but fees and
		expenses of such counsel shall be at the expense of such indemnified party
		unless (i) the indemnifying party and the indemnified party shall have mutually
		agreed to the retention of such counsel or (ii) the named parties to any such
		action (including any impleaded parties) include both the indemnified party and
		the indemnifying party and the indemnified party shall have reasonably
		concluded upon advice of counsel that there may be legal defenses available to
		it and/or other indemnified parties which are different from or additional to
		those available to the indemnifying party. It is understood that the
		indemnifying party shall not, in connection with any proceeding or related
		proceedings in the same jurisdiction, be liable for the fees and expenses of
		more than one separate counsel for all such indemnified parties. Such counsel
		shall be designated in writing by the Representatives in the case of parties
		indemnified pursuant to the second preceding 
	 

	 
		20
	 

	 

	 
	 

	 

	 
		paragraph, and by the
		Lessee or the Lease Guarantor in the case of parties indemnified pursuant to
		the first preceding paragraph.
	 

	 
		                                4.4           Settlement
		Without Consent. The indemnifying party shall not be liable for any
		settlement of any proceeding effected without its written consent, but if
		settled with such consent or if there has been a final judgment for the
		plaintiff, the indemnifying party agrees to indemnify the indemnified party
		from and against any loss or liability by reason of such settlement or
		judgment. An indemnifying party will not, without the prior written consent of
		the indemnified parties, settle or compromise or consent to the entry of any
		judgment with respect to any pending or threatened claim, action, suit or
		proceeding in respect of which indemnification or contribution may be sought
		hereunder (whether the indemnified parties are actual or potential parties to
		such claim or action) unless such settlement, compromise or consent
		(i) includes an unconditional release of each indemnified party from all
		liability arising out of such claim, action, suit or proceeding and
		(ii) does not include any statement as to, or any admission of, fault,
		culpability or failure to act by or on behalf of any indemnified party.
	 

	 
		                                5.
		   Contribution. In the event that the indemnity provided
		for in Section 4.1 or 4.2 hereof is held by a court to be unavailable, in whole
		or in part, to hold harmless an indemnified party for any reason, then each
		applicable indemnifying party shall have several and not joint obligation to
		contribute to the aggregate losses, claims, damages and liabilities (including
		legal or other expenses reasonably incurred in connection with investigating or
		defending same) (collectively “Losses”) to which such
		indemnified party may be subject in such proportion as is appropriate to
		reflect the relative benefits received by such indemnifying party, on the one
		hand, and such indemnified party, on the other hand, from the offering of the
		Certificates, the Exchange Certificates or the Registrable Certificates and the
		Registration Statement which resulted in such Losses. If the allocation
		provided by the immediately preceding sentence is held by a court to be
		unavailable for any reason, the indemnifying party and the indemnified party
		shall contribute in such proportion as is appropriate to reflect not only such
		relative benefits but also the relative fault of such indemnifying party on the
		one hand and of such indemnified party on the other hand in connection with the
		statements or omissions that resulted in such Losses, as well as any other
		relevant equitable considerations. Benefits received by the Lessee and the
		Lease Guarantor shall be deemed to be equal to the sum of (x) the total
		net proceeds from the offering (before deducting expenses) and (y) the
		total amount of Additional Interest (as defined in Section 2.5 hereof) which
		was not required to be paid as a result of registering the securities covered
		by the Registration Statement which resulted in the Losses. Benefits received
		by the Initial Purchasers shall be deemed to be equal to the total discounts
		and commissions, and benefits received by any other Holders shall be deemed to
		be equal to the value of receiving Certificates, Exchange Certificates or
		Registrable Certificates, as applicable, registered under the 1933 Act.
		Benefits received by any Participating Broker-Dealer shall be deemed to be
		equal to the total commissions relating to the market-making and exchange of
		Registrable Certificates for Exchange Certificates. Benefits received by any
		Underwriter shall be deemed to be equal to the total underwriting discounts and
		commissions, as set forth on the cover page of the Prospectus forming a part of
		the Registration Statement which resulted in such Losses. Relative fault shall
		be determined by reference to, among other things, whether any untrue or
		alleged untrue statement of a material fact or the omission or alleged omission
		to state a material fact relates to information provided by the indemnifying
		party on the one hand or by the indemnified party on the other hand, the intent
		of the parties and their relative knowledge, 
	 

	 
		21
	 

	 

	 
	 

	 

	 
		access to information
		and opportunity to correct or prevent such untrue statement or omission.
		Notwithstanding the provisions of this Section 5, no Initial Purchaser shall be
		required to contribute any amount in excess of the amount by which the total
		price at which the Certificates underwritten by it and distributed by it to the
		public were offered to the public exceeds the amounts of any damages which such
		Initial Purchaser has otherwise been required to pay by reason of such untrue
		or alleged untrue statement or omission or alleged omission; nor shall any
		Participating Broker-Dealer be required to contribute any amount in excess of
		the amount by which the total price at which the Certificates exchanged for
		Exchange Certificates by it were offered to the public exceeds the amounts of
		any damages which such Participating Broker-Dealer has otherwise been required
		to pay by reason of such untrue or alleged untrue statement or omission or
		alleged omission; nor, shall any Underwriter in the case of a Shelf
		Registration Statement be required to contribute any amount in excess of the
		amount by which the total price at which the Certificates underwritten by it
		exceeds the amounts of any damages which such Underwriter has otherwise been
		required to pay by reason of such untrue or alleged untrue statement or
		omission or alleged omission. The parties agree that it would not be just and
		equitable if contribution were determined by pro rata allocation (even if the
		Holders were treated as one entity for such purpose) or any other method of
		allocation that does not take account of the equitable considerations referred
		to above. Notwithstanding the provisions of this Section 5, no person guilty of
		fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933
		Act) shall be entitled to contribution from any person who was not guilty of
		such fraudulent misrepresentation.
	 

	 
		                                For purposes of this Section 5,
		each person, if any, who controls a Holder, an Initial Purchaser, a
		Participating Broker-Dealer or an Underwriter, in each case, within the meaning
		of Section 15 of the 1933 Act or Section 20 of the 1934 Act, shall have the
		same rights to contribution as such Holder, Initial Purchaser, Participating
		Broker-Dealer or Underwriter, as the case may be, and each officer of the
		Lessee or the Lease Guarantor who shall have signed the Registration Statement,
		each director of the Lessee or the Lease Guarantor and each person, if any, who
		controls the Lessee or the Lease Guarantor within the meaning of Section 15 of
		the 1933 Act or Section 20 of the 1934 Act shall have the same rights to
		contribution as the Lessee or the Lease Guarantor.
	 

	 
		                                6.   
		Miscellaneous.
	 

	 
		                                6.1           Rule
		144 and Rule 144A. For so long as either of the Lessee and/or the Lease
		Guarantor is not subject to the reporting requirements of Section 13 or 15 of
		the 1934 Act, the Lessee or Lease Guarantor, as the case may be, covenants that
		it will upon the request of any Holder of Registrable Certificates
		(a) make publicly available such information as is necessary to permit
		sales pursuant to Rule 144 under the 1933 Act, (b) deliver such
		information to a prospective purchaser as is necessary to permit sales pursuant
		to Rule 144A under the 1933 Act, and (c) take such further action that is
		reasonable in the circumstances, in each case, to the extent required from time
		to time to enable such Holder to sell its Registrable Certificates without
		registration under the 1933 Act within the limitation of the exemptions
		provided by (i) Rule 144 under the 1933 Act, as such Rule may be amended
		from time to time, (ii) Rule 144A under the 1933 Act, as such Rule may be
		amended from time to time, or (iii) any similar rules or regulations
		hereafter adopted by the SEC. Upon the request of any Holder of Registrable
		Certificates, the Lessee and Lease Guarantor will each deliver to such Holder a
		written statement 
	 

	 
		22
	 

	 

	 
	 

	 

	 
		as to whether it has
		complied with such requirements. Each of the Lessee and the Lease Guarantor
		agrees to comply with the information obligations to the extent that it is
		required by applicable law or regulation.
	 

	 
		                                If either or both of the Lessee
		and the Lease Guarantor become subject to the reporting requirements of Section
		13 or 15 of the 1934 Act, each of the Lessee and/or the Lease Guarantor, as the
		case may be, covenants that it will file the reports required to be filed
		by it under the 1933 Act and Section 13(a) or 15(d) of the 1934 Act and the
		rules and regulations adopted by the SEC thereunder, unless it ceases to be so
		required to file such reports, in which case it will comply with the covenants
		in the immediately preceding paragraph.
	 

	 
		                                6.2           No
		Inconsistent Agreements. Neither the Lessee nor the Lease Guarantor has
		entered into and the Lessee and the Lease Guarantor will not after the date of
		this Agreement enter into any agreement which is inconsistent with the rights
		granted to the Holders of Registrable Certificates in this Agreement or
		otherwise conflicts with the provisions hereof. The rights granted to the
		Holders hereunder do not in any way conflict with the rights granted to the
		Holders of the Lessee’s or the Lease Guarantor’s other issued and
		outstanding securities under any such agreements.
	 

	 
		                                6.3           Amendments
		and Waivers. The provisions of this Agreement, including the provisions of
		this sentence, may not be amended, modified or supplemented, and waivers of
		consents to departures from the provisions hereof may not be given unless the
		Lessee or the Lease Guarantor has obtained the written consent of
		(i) Majority Holders and (ii) Participating Broker-Dealers holding a
		majority in aggregate principal amount of the Exchange Certificates held by all
		Participating Broker-Dealers, in each case to the extent affected by such
		amendment, modification, supplement, waiver or departure.
	 

	 
		                                6.4           Notices.
		All notices and other communications provided for or permitted hereunder shall
		be made in writing by hand delivery, registered first-class mail, telex,
		facsimile transmission, or any courier guaranteeing overnight delivery
		(a) if to the Depositary, at 55 Water Street, New York, New York 10041 or
		if The Depository Trust Company is no longer the Depositary, at the most
		current address given by the Depositary to the Pass Through Trustee, the Lessee
		or the Lease Guarantor by means of a notice given in accordance with the
		provisions of this Section 6.4; (b) if to a Holder, at the most current address
		given by such Holder to the Pass Through Trustee, the Lessee or the Lease
		Guarantor by means of a notice given in accordance with the provisions of this
		Section 6.4, which address initially is the address set forth in the Purchase
		Agreement with respect to the Initial Purchasers; (c) if to the Lessee,
		initially at the Lessee’s address set forth in the Purchase Agreement, and
		thereafter at such other address of which notice is given in accordance with
		the provisions of this Section 6.4, (d) if to the Lease Guarantor,
		initially at the Lease Guarantor’s address set forth in the Purchase
		Agreement, and thereafter at such other address of which notice is given in
		accordance with the provisions of this Section 6.4, (e) if to the Pass
		Through Trustee, initially at the Pass Through Trustee’s address set forth
		in the Purchase Agreement, and thereafter at such other address of which notice
		is given in accordance with the provisions of this Section 6.4.
	 

	 
		                                All such notices and
		communications shall be deemed to have been duly given: at the time
		delivered by hand, if personally delivered; two (2) business days after being
		deposited in 
	 

	 
		23
	 

	 

	 
	 

	 

	 
		the mail, postage
		prepaid, if mailed; when answered back, if telexed; when receipt is
		acknowledged, if transmitted by facsimile; and on the next business day if
		timely delivered to an air courier guaranteeing overnight delivery.
	 

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

	 
		                                6.6           Third
		Party Beneficiaries. The Initial Purchasers (even if the Initial Purchasers
		are not Holders of Registrable Certificates) shall be third party beneficiaries
		to the agreements made hereunder between the Pass Through Trustee, the Lessee
		and the Lease Guarantor on the one hand, and the Holders, on the other hand,
		and shall have the right to enforce such agreements directly to the extent they
		deem such enforcement necessary or advisable to protect their rights or the
		rights of Holders hereunder. Each Holder of Registrable Certificates shall be a
		third party beneficiary to the agreements made hereunder between the Pass
		Through Trustee, the Lessee and the Lease Guarantor, on the one hand, and the
		Initial Purchasers, on the other hand, and shall have the right to enforce such
		agreements directly to the extent it deems such enforcement necessary or
		advisable to protect its rights hereunder.
	 

	 
		                                6.7           Counterparts.
		This Agreement may be executed in any number of counterparts and by the parties
		hereto in separate counterparts, each of which when so executed shall be deemed
		to be an original and all of which taken together shall constitute one and the
		same agreement.
	 

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

	 
		                                6.9           GOVERNING
		LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
		THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT
		OF LAWS THEREOF.
	 

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

	 
		24
	 

	 

	 
	 

	 

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

	 	 	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A.,
as Pass Through
			 Trustee
		 
		 
		By:  /s/ Biagio S.
			 Impala                                 

			         Name: Biagio S. Impala

			         Title: Vice
			 President
		 
	 	 
	 	FIRSTENERGY GENERATION CORP.
	 	 as Lessee
		 
		 
	 	By:  /s/ Randy
			 Scilla                                          
	 	        Name: Randy
			 Scilla
	 	        Title:  Assistant
			 Treasurer
		 
		 
	 	FIRSTENERGY SOLUTIONS CORP.
	 	 as Lease Guarantor
		 
		 
	 	By: /s/ Randy
			 Scilla                                          
	 	        Name: Randy
			 Scilla
	 	        Title:  Assistant
			 Treasurer

	 
		S-1
 [REGISTRATION RIGHTS
		AGREEMENT]
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Confirmed and
		accepted as
of the date first above written:
	 

	 
		MORGAN STANLEY
		& CO. INCORPORATED
 
 
	 

	 
		By: /s/ Patrick
		Käufer                               

		       Name:  Patrick
		Käufer
        Title:  Managing
		Director
 
	 

	 
		CREDIT SUISSE
		SECURITIES (USA) LLC
 
 
	 

	 
		By: /s/ John
		Cogan                                      

		       Name: John Cogan
        Title: Director
 
	 

	 
		Acting as
		Representatives of the Initial Purchasers
	 

	 
		S-2
 [REGISTRATION RIGHTS
		AGREEMENT]
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Exhibit
		A
	 

	 
		Form of Opinion of
		Counsel
	 

	 
		                                We are of the opinion that the
		Exchange Offer Registration Statement and the Prospectus (other than the
		financial statements or schedules thereto and other financial data and
		supplemental schedules included or incorporated by reference therein or omitted
		therefrom and the Form(s) T-1, as to which we need express no opinion), comply
		as to form in all material respects with the requirements of the 1933 Act and
		the applicable rules and regulations promulgated under the 1933 Act.
	 

	 
		                                In addition, we have participated
		in conferences with officers and other representatives of the Pass Through
		Trustee, the Lessee and the Lease Guarantor, representatives of the independent
		public accountants of the Pass Through Trustee, the Lessee and the Lease
		Guarantor and representatives of the Initial Purchasers, at which the contents
		of the Exchange Offer Registration Statement and the Prospectus and related
		matters were discussed and, although we are not passing upon, and do not assume
		any responsibility for, the accuracy, completeness or fairness of the
		statements contained in the Exchange Offer Registration Statement and the
		Prospectus and have not made any independent check or verification thereof,
		during the course of such participation, no facts came to our attention that
		caused us to believe that the Exchange Offer Registration Statement or any
		amendment thereto, at the time the Exchange Offer Registration Statement or any
		such amendment became effective, contained an untrue statement of a material
		fact or omitted to state a material fact required to be stated therein or
		necessary to make the statements therein not misleading, or that the Prospectus
		or any amendment or supplement thereto, at the time the Prospectus was issued,
		at the time any such amended or supplemented Prospectus was issued or at the
		Closing Date, included or includes an untrue statement of a material fact or
		omitted or omits to state a material fact necessary in order to make the
		statements therein, in light of the circumstances under which they were made,
		not misleading; it being understood that we express no belief with respect to
		the financial statements and schedules and other financial data included in the
		Exchange Offer Registration Statement and the Prospectus.EXHIBIT 4.1
	 

	 
		GE DEALER FLOORPLAN MASTER NOTE
		TRUST,
	 

	 
		as Issuer,
	 

	 
		and
	 

	 
		DEUTSCHE BANK TRUST COMPANY
		AMERICAS,
	 

	 
		as Indenture Trustee
	 

	 
		SERIES 2007-2 INDENTURE
		SUPPLEMENT
	 

	 
		Dated as of August 2, 2007
	 

	 
		 
	 

	 	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				2007-2 Indenture
				Supplement
			 

		  

	 
	 

	 

	 
		TABLE OF CONTENTS
	 

	 
		 
	 

	 
			 	 	 	 	 	Page
	 	 	 	 
	
				
				  ARTICLE I
				

			 	
				
				  DEFINITIONS
				

			 	
				
				   
				

			 	
				
				  1
				

			 
	
				
				   SECTION 
				

			 	
				
				    1.1.
				

			 	
				
				   
				

			 	
				
				  Definitions
				

			 	
				
				   
				

			 	
				
				  1
				

			 
	
				
				  SECTION 
				

			 	
				
				    1.2.
				

			 	
				
				   
				

			 	
				
				  Incorporation of Terms
				

			 	
				
				   
				

			 	
				
				  9
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  ARTICLE II
				

			 	
				
				  CREATION OF THE SERIES 2007-2
				  NOTES
				

			 	
				
				   
				

			 	
				
				  9
				

			 
	
				
				  SECTION
				

			 	
				
				    2.1.
				

			 	
				
				   
				

			 	
				
				  Designation
				

			 	
				
				   
				

			 	
				
				  9
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  ARTICLE III
				

			 	
				
				  [RESERVED]
				

			 	
				
				   
				

			 	
				
				  10
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  ARTICLE IV
				

			 	
				
				  RIGHTS OF SERIES 2007-2 NOTEHOLDERS
				  AND ALLOCATION AND APPLICATION OF COLLECTIONS
				

			 	
				
				   
				

			 	
				
				  10
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.1.
				

			 	
				
				   
				

			 	
				
				  Determination of Interest and
				  Principal
				

			 	
				
				   
				

			 	
				
				  10
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.2.
				

			 	
				
				   
				

			 	
				
				  Establishment of Accounts
				

			 	
				
				   
				

			 	
				
				  10
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.3.
				

			 	
				
				   
				

			 	
				
				  Calculations and Series
				  Allocations
				

			 	
				
				   
				

			 	
				
				  11
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.4.
				

			 	
				
				   
				

			 	
				
				  Application of Available
				  Non-Principal Collections and Available Principal Collections
				

			 	
				
				   
				

			 	
				
				  14
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.5.
				

			 	
				
				   
				

			 	
				
				  Payments
				

			 	
				
				   
				

			 	
				
				  16
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.6.
				

			 	
				
				   
				

			 	
				
				  Investor Charge-Offs
				

			 	
				
				   
				

			 	
				
				  17
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.7.
				

			 	
				
				   
				

			 	
				
				  Reallocated Principal
				  Collections
				

			 	
				
				   
				

			 	
				
				  17
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.8.
				

			 	
				
				   
				

			 	
				
				  Excess Non-Principal
				  Collections
				

			 	
				
				   
				

			 	
				
				  17
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.9.
				

			 	
				
				   
				

			 	
				
				  Shared Principal Collections
				

			 	
				
				   
				

			 	
				
				  18
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.10.
				

			 	
				
				   
				

			 	
				
				  Reserve Account
				

			 	
				
				   
				

			 	
				
				  18
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.11.
				

			 	
				
				   
				

			 	
				
				  Investment of Amounts on Deposit in
				  Series Accounts
				

			 	
				
				   
				

			 	
				
				  19
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.12.
				

			 	
				
				   
				

			 	
				
				  Controlled Accumulation
				  Period
				

			 	
				
				   
				

			 	
				
				  19
				

			 
	
				
				  SECTION 
				

			 	
				
				    4.13.
				

			 	
				
				   
				

			 	
				
				  Determination of LIBOR
				

			 	
				
				   
				

			 	
				
				  20
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  ARTICLE V
				

			 	
				
				  DELIVERY OF SERIES 2007-2 NOTES;
				  REPORTS TO SERIES 2007-2 NOTEHOLDERS
				

			 	
				
				   
				

			 	
				
				  20
				

			 
	
				
				  SECTION 
				

			 	
				
				    5.1.
				

			 	
				
				   
				

			 	
				
				  Delivery and Payment for the Series
				  2007-2 Notes
				

			 	
				
				   
				

			 	
				
				  20
				

			 
	
				
				  SECTION 
				

			 	
				
				    5.2.
				

			 	
				
				   
				

			 	
				
				  Reports and Statements to Series
				  2007-2 Noteholders
				

			 	
				
				   
				

			 	
				
				  21
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  ARTICLE VI
				

			 	
				
				  SERIES 2007-2 EARLY AMORTIZATION
				  EVENTS
				

			 	
				
				   
				

			 	
				
				  21
				

			 
	
				
				  SECTION 
				

			 	
				
				    6.1.
				

			 	
				
				   
				

			 	
				
				  Series 2007-2 Early Amortization
				  Events
				

			 	
				
				   
				

			 	
				
				  21
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  ARTICLE VII
				

			 	
				
				  REDEMPTION OF SERIES 2007-2 NOTES;
				  FINAL DISTRIBUTIONS; SERIES TERMINATION
				

			 	
				
				   
				

			 	
				
				  23
				

			 
	
				
				  SECTION 
				

			 	
				
				    7.1.
				

			 	
				
				   
				

			 	
				
				  Optional Redemption of Series 2007-2
				  Notes; Final Distributions
				

			 	
				
				   
				

			 	
				
				  23
				

			 
								

 

	 
		 
	 

	 
		 
	 

	 	
			 
				 
			 

		  	
			 
				-i- 
			 

		  	
			 
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				Supplement
			 

		  

	 
		 
	 

	 
	 

	 

	 
		TABLE OF CONTENTS
	 

	 
		(continued)
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Page
				

			 
	 	 	 	 	 	 
	
				
				  SECTION
				

			 	
				
				    7.2
				

			 	
				
				   
				

			 	
				
				  Series Termination
				

			 	
				
				   
				

			 	
				
				  24
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  ARTICLE VIII
				

			 	
				
				  MISCELLANEOUS PROVISIONS
				

			 	
				
				   
				

			 	
				
				  24
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.1.
				

			 	
				
				   
				

			 	
				
				  Ratification of Indenture;
				  Amendments
				

			 	
				
				   
				

			 	
				
				  24
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.2.
				

			 	
				
				   
				

			 	
				
				  Form of Delivery of the Series
				  2007-2 Notes
				

			 	
				
				   
				

			 	
				
				  24
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.3.
				

			 	
				
				   
				

			 	
				
				  Counterparts
				

			 	
				
				   
				

			 	
				
				  24
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.4.
				

			 	
				
				   
				

			 	
				
				  GOVERNING LAW
				

			 	
				
				   
				

			 	
				
				  24
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.5.
				

			 	
				
				   
				

			 	
				
				  Limitation of Liability
				

			 	
				
				   
				

			 	
				
				  26
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.6.
				

			 	
				
				   
				

			 	
				
				  Rights of the Indenture
				  Trustee
				

			 	
				
				   
				

			 	
				
				  26
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.7.
				

			 	
				
				   
				

			 	
				
				  No Petition
				

			 	
				
				   
				

			 	
				
				  26
				

			 
	
				
				  SECTION 
				

			 	
				
				    8.8.
				

			 	
				
				   
				

			 	
				
				  Amendments to Other Indenture
				  Supplements
				

			 	
				
				   
				

			 	
				
				  26
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  EXHIBIT A-1
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  FORM OF CLASS A NOTE
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  EXHIBIT A-2
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  FORM OF CLASS B NOTE
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  EXHIBIT A-3
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  FORM OF CLASS C NOTE 
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  EXHIBIT B
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  FORM OF MONTHLY SERVICER’S
				  CERTIFICATE
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
		 
	 

	 	
			 
				 
			 

		  	
			 
				-ii- 
			 

		  	
			 
				2007-2 Indenture
				Supplement
			 

		  

	 
		 
	 

	 
	 

	 

	 
		SERIES 2007-2 INDENTURE SUPPLEMENT, dated as
		of August 2, 2007 (this “Indenture
		Supplement”), between GE DEALER
		FLOORPLAN MASTER NOTE TRUST, a Delaware statutory trust (herein, the
		“Issuer” or the “Trust”),
		and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, not
		in its individual capacity, but solely as indenture trustee (herein, together
		with its successors in the trusts thereunder as provided in the Master
		Indenture referred to below, the “Indenture Trustee”) under the Master Indenture, dated as of August
		12, 2004 (the “Indenture”), between the Issuer and the Indenture Trustee
		(as successor in interest to Wilmington Trust Company).
	 

	 
		The Principal Terms of this Series are set
		forth in this Indenture Supplement.
	 

	 
		ARTICLE I
	 

	 
		DEFINITIONS
	 

	 
		SECTION 1.1. Definitions.
	 

	 
		(a) Capitalized terms used and not otherwise
		defined herein are used as defined in Section 1.1 of
		the Indenture. This Indenture Supplement shall be interpreted in accordance
		with the conventions set forth in Section 1.2 of
		the Indenture.
	 

	 
		(b) Except as set forth in Section 8.8,
		each capitalized term defined herein relates only to Series 2007-2 and to no
		other Series. Whenever used in this Indenture Supplement, the following words
		and phrases shall have the following meanings:
	 

	 
		“Addition Date” is defined in the First Tier Agreement.
	 

	 
		“Administration Agreement” means the Administration Agreement, dated as of
		August 12, 2004, between the Administrator, the Trustee and the
		Issuer.
	 

	 
		“Administrator” means General Electric Capital Corporation, in
		its capacity as Administrator under the Administration Agreement or any other
		Person designated as an Administrator under the Administration
		Agreement.
	 

	 
		“Allocation Percentage” means, with respect to any Monthly Period, the
		percentage equivalent of a fraction (which shall not exceed one hundred percent
		(100%)):
	 

	 
		(a) the numerator of which shall be equal
		to:
	 

	 
		(i) for Non-Principal Collections and the
		Default Amount at all times and Principal Collections during the Revolving
		Period, the Collateral Amount at the end of the last day of the prior Monthly
		Period or, in the case of the month during which the Closing Date occurs, the
		Closing Date; and
	 

	 
		(ii) for Principal Collections during the
		Controlled Accumulation Period and the Early Amortization Period, the
		Collateral Amount at the end of the last day of the Revolving Period;
		and
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		(b) the denominator of which shall be the
		greater of (i) the result of (x) the Aggregate Principal Receivables minus
		(y) the sum of the aggregate amount of each Dealer Overconcentration,
		Manufacturer Overconcentration and Product Line Overconcentration, and (ii) the
		sum of the numerators used to calculate the allocation percentages for
		allocations with respect to Non-Principal Collections, Principal Collections or
		the Default Amount, as applicable, for all outstanding Series on such date of
		determination. The denominator described in this clause (b) shall
		be determined as of the close of business on the last day of the prior Monthly
		Period (or in the case of the Monthly Period during which the Closing Date
		occurs, the Closing Date).
	 

	 
		“Available Non-Principal Collections” means, for any Monthly Period, an amount equal to
		the sum of (a) the Investor Non-Principal Collections for such Monthly Period,
		(b) the Series 2007-2 Excess Non-Principal Collections for such Monthly Period
		and (c) Investment Earnings.
	 

	 
		“Available Principal Collections” means, for any Monthly Period, an amount equal to
		(a) the Investor Principal Collections for such Monthly Period,
		minus (b) the amount of Reallocated Principal Collections
		with respect to such Monthly Period which pursuant to Section 4.7
		are required to be applied on the related Payment Date, plus (c) without
		duplication, the sum of (i) any Shared Principal Collections with respect to
		other Principal Sharing Series (including any amounts on deposit in the Excess
		Funding Account that are allocated to Series 2007-2 for application as Shared
		Principal Collections), (ii) the aggregate amount to be treated as Available
		Principal Collections pursuant to Sections 4.4(a)(vi) and (vii), (iii)
		during the Controlled Accumulation Period or an Early Amortization Period, the
		amount of Available Non-Principal Collections used to make a deposit in the
		Principal Account or to pay principal on the Series 2007-2 Notes pursuant to
		Sections 4.4(a)(x) and (xii) for the
		related Payment Date, and (iv) any distribution of amounts on deposit in the
		Reserve Account on the Series 2007-2 Final Maturity Date pursuant to
		Section 4.10.
	 

	 
		“Available Reserve Account Amount” means, for any Transfer Date, an amount equal to
		the lesser of (a) the amount on deposit in the Reserve Account (exclusive of
		Investment Earnings on such date and before giving effect to any deposit to, or
		withdrawal from, the Reserve Account made or to be made with respect to such
		date) and (b) the Required Reserve Account Amount, in each case on such
		Transfer Date.
	 

	 
		“Class A Monthly Interest” is defined in Section 4.1(a).
	 

	 
		“Class A Note Initial Principal Balance” means nine hundred seventy million dollars
		($970,000,000).
	 

	 
		“Class A Note Interest Rate” means a per annum rate of one hundredth of one
		percent (0.01%) in excess of LIBOR as determined on the LIBOR Determination
		Date for the applicable Interest Period.
	 

	 
		“Class A Note Principal Balance” means, on any date of determination, an amount
		equal to (a) the Class A Note Initial Principal Balance, minus (b) the
		aggregate amount of principal payments made to the Class A Noteholders on or
		prior to such date.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		“Class A Noteholder” means the Person in whose name a Class A Note is
		registered in the Note Register.
	 

	 
		“Class A Notes” means any one of the Notes executed by the Issuer
		and authenticated by or on behalf of the Indenture Trustee, substantially in
		the form of Exhibit A-1.
	 

	 
		“Class A Required Amount” means, for any Payment Date, an amount equal to
		the excess of the amounts described in Sections 4.4(a)(i), (ii) and
		(iii) over Available
		Non-Principal Collections applied to pay such amount pursuant to
		Section 4.4(a).
	 

	 
		“Class B Monthly Interest” is defined in Section 4.1(b).
	 

	 
		“Class B Note Initial Principal Balance” means twenty million dollars
		($20,000,000).
	 

	 
		“Class B Note Interest Rate” means a per annum rate of forty hundredths of one
		percent (0.40%) in excess of LIBOR as determined on the LIBOR Determination
		Date for the applicable Interest Period.
	 

	 
		“Class B Note Principal Balance” means, on any date of determination, an amount
		equal to (a) the Class B Note Initial Principal Balance, minus (b) the
		aggregate amount of principal payments made to the Class B Noteholders on or
		prior to such date.
	 

	 
		“Class B Noteholder” means the Person in whose name a Class B Note is
		registered in the Note Register.
	 

	 
		“Class B Notes” means any one of the Notes executed by the Issuer
		and authenticated by or on behalf of the Indenture Trustee, substantially in
		the form of Exhibit A-2.
	 

	 
		“Class B Required Amount” means, for any Payment Date, an amount equal to
		the excess of the amount described in Section 4.4(a)(iv) over Available
		Non-Principal Collections applied to pay such amount pursuant to
		Section 4.4(a).
	 

	 
		“Class C Monthly Interest” is defined in Section 4.1(c).
	 

	 
		“Class C Note Initial Principal Balance” means ten million dollars ($10,000,000).
	 

	 
		“Class C Note Interest Rate” means a per annum rate of eighty hundredths of
		one percent (0.80%) in excess of LIBOR as determined on the LIBOR Determination
		Date for the applicable Interest Period.
	 

	 
		“Class C Note Principal Balance” means, on any date of determination, an amount
		equal to (a) the Class C Note Initial Principal Balance, minus (b) the
		aggregate amount of principal payments made to the Class C Noteholders on or
		prior to such date.
	 

	 
		“Class C Noteholder” means the Person in whose name a Class C Note is
		registered in the Note Register.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		“Class C Notes” means any one of the Notes executed by the Issuer
		and authenticated by or on behalf of the Indenture Trustee, substantially in
		the form of Exhibit A-3.
	 

	 
		“Class C Required Amount” means with respect to any Payment Date, an amount
		equal to the excess of the amount described in Section 4.4(a)(v) over Available
		Non-Principal Collections applied to pay such amount pursuant to
		Section 4.4(a).
	 

	 
		“Closing Date” means August 2, 2007.
	 

	 
		“Collateral Amount” means, as of any date of determination, an amount
		equal to the excess, if any, of (a) the Note Principal Balance on such date,
		over (b) the excess, if any, of (i) the aggregate amount of Investor
		Charge-Offs and Reallocated Principal Collections over
		(ii) the reimbursements of such Investor Charge-Offs and Reallocated
		Principal Collections pursuant to Section 4.4(a)(vii) prior to such date of determination. For avoidance of
		doubt, the Collateral Amount cannot be less than zero.
	 

	 
		“Controlled Accumulation Date” means February 1, 2010, subject to adjustment
		pursuant to Section 4.12.
	 

	 
		“Controlled Accumulation Period” means, unless an Early Amortization Event shall
		have occurred prior thereto, the period commencing at the opening of business
		on the Controlled Accumulation Date and ending on the earliest to occur of (a)
		the commencement of the Early Amortization Period, (b) the Series Maturity
		Date, and (c) the date on which the Note Principal Balance has been reduced to
		zero.
	 

	 
		“Controlled Accumulation Period Length” is defined in Section 4.12.
	 

	 
		“Defaulted Account” means an Account in which there are Defaulted
		Receivables.
	 

	 
		“Distribution Account” means the account designated as such, established
		and owned by the Issuer and maintained in accordance with Section
		4.2.
	 

	 
		“Early Amortization Period” means the period commencing on the date on which
		a Trust Early Amortization Event or a Series 2007-2 Early Amortization Event is
		deemed to occur and ending on the Series Maturity Date. Notwithstanding
		anything to the contrary in this Indenture Supplement, an Early Amortization
		Period that commences before the scheduled end of the Revolving Period may
		terminate, and the Revolving Period may recommence, if the Rating Agency
		Condition is satisfied.
	 

	 
		“Expected Principal Payment Date” means the Payment Date in July 2010.
	 

	 
		“Group One”
		means Series 2007-2 and each other outstanding Series specified in the related
		Indenture Supplement to be included in Group One.
	 

	 
		“Indenture”
		is defined in the preamble.
	 

	 
		“Indenture Trustee” is defined in the preamble.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		“Ineligible Receivables” means Receivables that are not Eligible
		Receivables (as such term is defined in the First Tier Agreement).
	 

	 
		“Initial Collateral Amount” means the sum of (i) the Class A Note Initial
		Principal Balance, (ii) the Class B Note Initial Principal Balance and (iii)
		the Class C Note Initial Principal Balance.
	 

	 
		“Interest Period” means, for any Payment Date, the period from and
		including the Payment Date immediately preceding such Payment Date (or, in the
		case of the first Payment Date, from and including the Closing Date) to but
		excluding such Payment Date.
	 

	 
		“Investment Earnings” means, for any Payment Date, all interest and
		earnings on Permitted Investments included in the Principal Account or the
		Reserve Account (net of losses and investment expenses) during the period
		commencing on and including the Payment Date immediately preceding such Payment
		Date and ending on but excluding such Payment Date.
	 

	 
		“Investor Charge-Offs” is defined in Section 4.6.
	 

	 
		“Investor Default Amount” means for any date of determination with respect
		to the prior Monthly Period, the product of (a) the Default Amount for such
		Monthly Period, after giving effect to any allocation of a portion of such
		Default Amount to the Transferor pursuant to Section 8.4 of
		the Indenture, and (b) the Allocation Percentage with respect to such Monthly
		Period.
	 

	 
		“Investor
		Non-Principal Collections” means,
		for any Monthly Period, an amount equal to the aggregate amount of
		Non-Principal Collections retained or deposited in the Non-Principal Account
		for Series 2007-2 pursuant to Section
		4.3(b)(i) for such Monthly
		Period.
	 

	 
		“Investor Principal Collections” means, for any Monthly Period, an amount equal to
		the aggregate amount of Principal Collections retained or deposited in the
		Principal Account for Series 2007-2 pursuant to Section 4.3(b)(ii) for such Monthly Period.
	 

	 
		“Issuer” is
		defined in the preamble.
	 

	 
		“LIBOR”
		means, for any Interest Period, the London interbank offered rate for one-month
		United States dollar deposits determined by the Indenture Trustee for each
		Interest Period in accordance with the provisions of Section 4.13.
	 

	 
		“LIBOR Determination Date” means (i) with respect to the first Interest
		Period, the second London Business Day prior to the Closing Date, and (ii) with
		respect to any Interest Period thereafter, the second London Business Day prior
		to the commencement of such Interest Period.
	 

	 
		“London Business Day” means any day on which dealings in deposits in
		United States dollars are transacted in the London interbank market.
	 

	 
		“Minimum Free Equity Percentage” means, as of any Determination Date, zero percent
		(0%).
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		“Monthly Interest” means, for any Payment Date, the sum of the Class
		A Monthly Interest, the Class B Monthly Interest, and the Class C Monthly
		Interest for such Payment Date.
	 

	 
		“Monthly Payment Rate” means, for any Monthly Period, a fraction
		(expressed as a percentage), (a) the numerator of which is the Principal
		Collections during such Monthly Period, and (b) the denominator of which is the
		Combined Outstanding Principal Balances as of the beginning of such Monthly
		Period.
	 

	 
		“Monthly Period” means, as to each Payment Date, the preceding
		calendar month; provided, that the Monthly Period relating to the first Payment
		Date after the Closing Date means the period from and including the Closing
		Date to and including the end of the calendar month preceding the first Payment
		Date.
	 

	 
		“Monthly Principal” is defined
		in Section 4.1(d).
	 

	 
		“Monthly Principal Reallocation
		Amount” means, for any Monthly Period, an amount equal to the sum of:
		
	 

	 
		(A) the lesser of (i) the excess, if any, of
		(x) the amount needed to make the payments described in Sections 4.4(a)(i) through (iii)
		over (y) the amount of Non-Principal Collections and amounts
		withdrawn from the Reserve Account that are available to cover the payments
		described in Sections
		4.4(a)(i) through (iii), and (ii)
		the excess, if any, of (x) the sum of the Class A Note Initial Principal
		Balance, the Class B Note Initial Principal Balance and the Class C Note
		Initial Principal Balance over (y) the sum
		of (I) the amount of unreimbursed Investor Charge-Offs after giving effect to
		Investor Charge-Offs for the related Monthly Period, and (II) the amount of
		unreimbursed Reallocated Principal Collections as of the previous Payment Date;
		
	 

	 
		(B) the lesser of (i) the excess, if any, of
		(x) the amount needed to make the payment described in Section 4.4(a)(iv) over (y) the
		amount of Non-Principal Collections and amounts withdrawn from the Reserve
		Account that are available to cover the payment described in Section 4.4(a)(iv) and (ii) the excess, if any, of (x) the sum of the
		Class B Note Initial Principal Balance and the Class C Note Initial Principal
		Balance over (y) the sum of (I) the amount of unreimbursed Investor
		Charge-Offs after giving effect to Investor Charge-Offs for the related Monthly
		Period, and (II) the amount of unreimbursed Reallocated Principal Collections
		as of the previous Payment Date and after giving effect to the reallocation of
		Principal Collections to make the payments described in Sections 4.4(a)(i) through (iii) in respect
		of the then-current Payment Date; and 
	 

	 
		(C) the lesser of (i) the excess, if any, of
		(x) the amount needed to make the payments described in Section 4.4(a)(v) over (y) the
		amount of Non-Principal Collections and amounts withdrawn from the Reserve
		Account that are available to cover the payment described in Section 4.4(a)(v) and (ii) the excess, if any, of (x) the Class C Note
		Initial Principal Balance over (y) the sum
		of (I) the amount of unreimbursed Investor Charge-Offs after giving effect
		to Investor Charge-Offs for the related Monthly Period, and (II) the amount of
		unreimbursed Reallocated Principal Collections as of the previous Payment Date
		and after giving effect to the reallocation of Principal Collections to make
		the payments described in Sections
		4.4(a)(i) through (iv) in respect
		of the then-current Payment Date.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		“Non-Principal Account” means the account designated as such, established
		and owned by the Issuer and maintained in accordance with Section
		4.2.
	 

	 
		“Non-Principal Shortfall” is defined in Section 4.8.
	 

	 
		“Noteholder Servicing Fee” means, for any Transfer Date, an amount equal to
		one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b)
		the Collateral Amount as of the last day of the Monthly Period preceding such
		Transfer Date; provided, that with respect to the Transfer Date relating to the
		first Payment Date, the Noteholder Servicing Fee shall be calculated based on
		the Collateral Amount as of the Closing Date and shall be an amount equal to
		the product of (a) the product of (I) the Series Servicing Fee Percentage and
		(II) the Collateral Amount as of the Closing Date and (b) the number of days
		from and including the Closing Date to and including the last day of the month
		ending prior to such Payment Date divided by 360.
	 

	 
		“Note Principal Balance” means, on any date of determination, an amount
		equal to the sum of the Class A Note Principal Balance, the Class B Note
		Principal Balance and the Class C Note Principal Balance.
	 

	 
		“Note Rate”
		means any of the Class A Note Interest Rate, the Class B Note Interest Rate or
		the Class C Note Interest Rate, as applicable.
	 

	 
		“Payment Date” means the twentieth (20th) day of each
		calendar month, or if such twentieth (20th) day is not a Business
		Day, the next succeeding Business Day; provided, that
		the first Payment Date shall be August 20, 2007.
	 

	 
		“Principal Account” means the account designated as such, established
		and owned by the Issuer and maintained in accordance with Section
		4.2.
	 

	 
		“Principal Shortfall” is defined in Section 4.9.
	 

	 
		“Rating Agency” means, with respect to Series 2007-2, each of
		S&P, Fitch and Moody’s.
	 

	 
		“Reallocated Principal Collections” means, for any Transfer Date, Investor Principal
		Collections applied in accordance with Section 4.7
		in an amount not to exceed the Monthly Principal Reallocation Amount for the
		related Monthly Period.
	 

	 
		“Reassignment Amount” means, for any Transfer Date, after giving effect
		to any deposits and payments otherwise to be made on the related Payment Date,
		the sum of (i) the Note Principal Balance on the related Payment Date,
		plus (ii) Monthly Interest for the related Payment Date and
		any Monthly Interest previously due but not distributed to the Series 2007-2
		Noteholders, plus (iii) without duplication, the other amounts specified
		in Section 7.1(d).
	 

	 
		“Record Date” means, for purposes of Series 2007-2 with respect
		to any Payment Date, the date falling five (5) Business Days prior to such
		date.
	 

	 
		“Reference Banks” means four major banks in the London interbank
		market selected by the Master Servicer.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		“Removal Date” is defined in the Second Tier Agreement.
	 

	 
		“Required Amount” means, for any Payment Date, an amount equal to
		the excess of the sum of the amounts described in Sections 4.4(a)(i) through (v)
		over Available Non-Principal Collections applied to pay such
		amount pursuant to Section
		4.4(a).
	 

	 
		“Required Reserve Account Amount” means, for any day, an amount equal to (a) the
		product of (i) the Required Reserve Account Percentage and (ii) the Note
		Principal Balance, as of such day (after giving effect to any changes
		therein on such day) or (b) any other amount designated by the Transferor;
		provided, that if such designation is of a lesser amount, the
		Transferor shall (i) provide the Indenture Trustee with evidence that the
		Rating Agency Condition shall have been satisfied and (ii) deliver to the
		Indenture Trustee a certificate of an Authorized Officer to the effect that,
		based on the facts known to such officer at such time, in the reasonable belief
		of the Transferor, such designation will not cause an Early Amortization Event
		to occur with respect to Series 2007-2.
	 

	 
		“Required Reserve Account Percentage” means two and one-half percent (2.5%).
	 

	 
		“Reserve Account” means the account designated as such, established
		and owned by the Issuer and maintained in accordance with Section
		4.2.
	 

	 
		“Reserve Account Deficiency” means the excess, if any, of the Required Reserve
		Account Amount over the Available Reserve Account Amount.
	 

	 
		“Revolving Period” means the period beginning on the Closing Date
		and ending at the close of business on the day immediately preceding the
		earlier of the day the Controlled Accumulation Period commences or the day the
		Early Amortization Period commences.
	 

	 
		“Series 2007-2” means the Series the terms of which are specified
		in this Indenture Supplement.
	 

	 
		“Series 2007-2 Early Amortization Event” is defined in Section 6.1. The Series 2007-2 Early Amortization Events are, with
		respect to Series 2007-2, the Early Amortization Events contemplated by clause
		(a) of the definition of Early Amortization Event in the Indenture.
	 

	 
		“Series 2007-2 Excess Non-Principal
		Collections” means Excess
		Non-Principal Collections allocated from other Series in Group One to Series
		2007-2 pursuant to Section
		8.6 of the Indenture.
	 

	 
		“Series 2007-2 Final Maturity Date” means the Payment Date in July 20, 2012.
	 

	 
		“Series 2007-2 Note” means any one of the Class A Notes, Class B Notes
		or Class C Notes executed by the Issuer and authenticated by or on behalf of
		the Indenture Trustee, substantially in the form of Exhibit A-1,
		A-2, or A-3
		respectively.
	 

	 
		“Series 2007-2 Noteholder” means the Person in whose name a Series 2007-2
		Note is registered in the Note Register.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		“Series Accounts” is defined in Section 4.2.
	 

	 
		“Series Allocation Percentage” means, with respect to any Monthly Period, the
		percentage equivalent of a fraction, the numerator of which is the numerator
		used in determining the Allocation Percentage for Non-Principal Collections for
		that Monthly Period and the denominator of which is the sum of the numerators
		used in determining the Allocation Percentage for Non-Principal Collections for
		all outstanding Series on such date of determination.
	 

	 
		“Series Maturity Date” means the earliest to occur of (a) the date on
		which the Note Principal Balance is paid in full, (b) the date on which the
		Collateral Amount is reduced to zero and (c) the Series 2007-2 Final Maturity
		Date.
	 

	 
		“Series Servicing Fee Percentage” means two percent (2%) per
		annum.
	 

	 
		“Servicer Advance” is defined in the Servicing Agreement.
	 

	 
		“Supplements” is defined in Section 8.8.
	 

	 
		“Target Amount” is defined in Section 4.3(b)(i).
	 

	 
		“Trust” is
		defined in the preamble.
	 

	 
		SECTION 1.2. Incorporation of Terms. The terms of the Indenture are incorporated in this
		Supplement as if set forth in full herein. As supplemented by this Supplement,
		the Indenture is in all respects ratified and confirmed and both together shall
		be read, taken and construed as one and the same agreement. If the terms of
		this Supplement and the terms of the Indenture conflict, the terms of this
		Supplement shall control with respect to Series 2007-2 and, with respect
		to the amendment in Section 8.8, each of the Supplements.
	 

	 
		ARTICLE II
	 

	 
		CREATION OF THE SERIES 2007-2
		NOTES
	 

	 
		SECTION 2.1. Designation.
	 

	 
		(a) There is hereby created and designated a
		Series of Notes to be issued pursuant to the Indenture and this Indenture
		Supplement to be known as “GE
		Dealer Floorplan Master Note Trust, Series 2007-2” or the “Series 2007-2 Notes.” The Series 2007-2 Notes shall be issued in three
		Classes, known as the “Class A
		Series 2007-2 Asset Backed Notes,”
		the “Class B Series 2007-2 Asset
		Backed Notes” and the
		“Class C Series 2007-2 Asset Backed
		Notes”.
	 

	 
		(b) Series 2007-2 shall be included in Group
		One and shall be a Principal Sharing Series. Series 2007-2 shall be an Excess
		Allocation Series with respect to Group One only. Series 2007-2 shall not be
		subordinated to any other Series.
	 

	 
		(c) The Series 2007-2 Notes shall be
		issuable only in minimum denominations of at least one hundred thousand dollars
		($100,000) and in integral multiples of one thousand dollars ($1,000).
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		ARTICLE III
	 

	 
		[RESERVED]
	 

	 
		ARTICLE IV
	 

	 
		RIGHTS OF SERIES 2007-2 NOTEHOLDERS AND
		ALLOCATION AND APPLICATION OF COLLECTIONS
	 

	 
		SECTION 4.1. Determination of Interest and Principal.
	 

	 
		(a) The amount of monthly interest
		(“Class A Monthly
		Interest”) due and payable with
		respect to the Class A Notes on any Payment Date shall be an amount equal to
		the product of (i) a fraction, the numerator of which is the actual number of
		days in the related Interest Period and the denominator of which is three
		hundred sixty (360), (ii) the Class A Note Interest Rate in effect with respect
		to the related Interest Period and (iii) the Class A Note Principal Balance as
		of the close of business on the last day of the preceding Monthly Period (or,
		with respect to the initial Payment Date, the Class A Note Initial Principal
		Balance).
	 

	 
		(b) The amount of monthly interest
		(“Class B Monthly
		Interest”) due and payable with
		respect to the Class B Notes on any Payment Date shall be an amount equal to
		the product of (i) a fraction, the numerator of which is the actual number of
		days in the related Interest Period and the denominator of which is three
		hundred sixty (360), (ii) the Class B Note Interest Rate in effect with respect
		to the related Interest Period and (iii) the Class B Note Principal Balance as
		of the close of business on the last day of the preceding Monthly Period (or,
		with respect to the initial Payment Date, the Class B Note Initial Principal
		Balance).
	 

	 
		(c) The amount of monthly interest
		(“Class C Monthly
		Interest”) due and payable with
		respect to the Class C Notes on any Payment Date shall be an amount equal to
		the product of (i) a fraction, the numerator of which is the actual number of
		days in the related Interest Period and the denominator of which is three
		hundred sixty (360), (ii) the Class C Note Interest Rate in effect with respect
		to the related Interest Period and (iii) the Class C Note Principal Balance as
		of the close of business on the last day of the preceding Monthly Period (or,
		with respect to the initial Payment Date, the Class C Note Initial Principal
		Balance).
	 

	 
		(d) The amount of monthly principal
		(“Monthly Principal”) to be transferred from the Principal Account
		with respect to the Series 2007-2 Notes on each Transfer Date, beginning with
		the Transfer Date following the Monthly Period in which the Controlled
		Accumulation Period or the Early Amortization Period begins, shall be equal to
		the least of (i) the Available Principal Collections for the preceding Monthly
		Period; (ii) the Note Principal Balance on such Transfer Date (minus any amount
		already in the Principal Account on such Transfer Date); (iii) during the
		Controlled Accumulation Period, the result of (x) the Note Principal Balance as
		of the last day of the Revolving Period, divided by (y) the Controlled
		Accumulation Period Length; and (iv) during the Controlled Accumulation Period,
		the Collateral Amount.
	 

	 
		SECTION 4.2. Establishment of Accounts.
	 

	 
		(a) As of the Closing Date, the Issuer
		covenants to have established and shall thereafter maintain the Non-Principal
		Account, the Principal Account, the Distribution Account
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		and the Reserve Account (collectively, the
		“Series Accounts”) each of which shall be an Eligible Deposit
		Account.
	 

	 
		(b) If the depositary institution wishes to
		resign as depositary of any of the Series Accounts for any reason or fails to
		carry out the instructions of the Issuer for any reason, then the Issuer shall
		promptly notify the Indenture Trustee on behalf of the Series 2007-2
		Noteholders.
	 

	 
		(c) On or before the Closing Date, the
		Issuer shall enter into a depositary agreement to govern the Series Accounts
		pursuant to which such accounts are continuously identified in the depositary
		institution’s books and records as subject to a security interest in favor
		of the Indenture Trustee on behalf of the Series 2007-2 Noteholders, and,
		except as may be expressly provided herein to the contrary, in order to perfect
		the security interest of the Indenture Trustee on behalf of the Series 2007-2
		Noteholders under the UCC, the Indenture Trustee on behalf of the Series 2007-2
		Noteholders shall have the power to direct disposition of the funds in the
		Series Accounts without further consent by the Issuer; provided,
		however, that prior to the delivery by the Indenture Trustee on
		behalf of the Series 2007-2 Noteholders of notice otherwise, the Issuer shall
		have the right to direct the disposition of funds in the Series Accounts;
		provided, further that the
		Indenture Trustee on behalf of the Series 2007-2 Noteholders agrees that it
		will not deliver such notice or exercise its power to direct disposition of the
		funds in the Series Accounts unless an Event of Default has occurred and is
		continuing. Upon delivery of the foregoing notice by the Indenture Trustee on
		behalf of the Series 2007-2 Noteholders, the depositary institution shall
		comply with the orders of the Indenture Trustee on behalf of the Series 2007-2
		Noteholders without further consent by the Issuer.
	 

	 
		(d) The Issuer shall not close any of the
		Series Accounts unless it shall have (i) received the prior consent of the
		Indenture Trustee on behalf of the Series 2007-2 Noteholders, (ii) established
		a new Eligible Deposit Account with the depositary institution holding the
		Series Account being closed or with a new depositary institution satisfactory
		to the Indenture Trustee on behalf of the Series 2007-2 Noteholders, (iii)
		entered into a depositary agreement to govern such new account(s) with such new
		depositary institution which agreement is satisfactory in all respects to the
		Indenture Trustee on behalf of Noteholders (whereupon such new account(s) shall
		become the applicable Series Account(s) for all purposes of this Indenture
		Supplement), and (iv) taken all such action as the Indenture Trustee on behalf
		of the Series 2007-2 Noteholders shall reasonably require to grant and perfect
		a first priority security interest in such account(s) in favor of the Indenture
		Trustee.
	 

	 
		SECTION 4.3. Calculations and Series Allocations.
	 

	 
		(a) Allocations.
		Non-Principal Collections, Principal Collections and Defaulted Receivables
		allocated to Series 2007-2 pursuant to Article VIII of
		the Indenture shall be allocated and paid as set forth in this Article IV.
		During any period when the Issuer is permitted by Section 8.4 of
		the Indenture to make a single monthly deposit to the Collection Account,
		amounts allocated to the Series 2007-2 Noteholders pursuant to this
		Section 4.3 with respect to any Monthly Period need not be
		deposited into the Collection Account, the Non-Principal Account, the Principal
		Account or any other Series Account prior to the related Transfer Date, and,
		when so deposited, (x) may be deposited net of any amounts required to be
		released to the Issuer and, if an Originator or an Affiliate of an Originator
		is the Master Servicer, any amounts 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		owed to the Master Servicer, and (y) shall
		be deposited into the Non-Principal Account (in the case of Non-Principal
		Collections) and the Principal Account (in the case of Principal Collections
		(not including any Shared Principal Collections allocated to Series 2007-2
		pursuant to Section 8.5
		of the Indenture)).
	 

	 
		(b) Allocations to the Series 2007-2
		Noteholders. The Issuer shall, on each
		Date of Processing, after giving effect to allocations in respect of Dealer
		Overconcentrations, Manufacturer Overconcentrations and Product Line
		Overconcentrations pursuant to Section
		8.4 of the Indenture, allocate to the
		Series 2007-2 Noteholders the following amounts as set forth below:
	 

	 
		(i) Allocations of Non-Principal Collections. The Issuer shall allocate to the Series 2007-2
		Noteholders an amount equal to the product of (A) the Allocation Percentage and
		(B) the aggregate Non-Principal Collections processed on such Date of
		Processing and shall deposit such amount into the Non-Principal Account;
		provided, that, so long as, with respect to each Monthly Period
		falling in the Revolving Period (and with respect to that portion of each
		Monthly Period in the Controlled Accumulation Period falling on or after the
		day on which Principal Collections equal to the related Monthly Principal have
		been allocated pursuant to Section 4.3(b)(ii) and deposited
		pursuant to Section 4.3(a)), Non-Principal Collections shall be transferred into
		the Non-Principal Account only until such time as the aggregate amount so
		deposited equals the sum (the “Target Amount”) of the amounts contemplated to be paid or
		deposited pursuant to Section
		4.4(a) on the related Transfer Date or
		Payment Date; and any Non-Principal Collections allocated to the Series 2007-2
		Noteholders but not deposited into the Non-Principal Account due to the
		operation of this proviso shall be released to the Issuer; provided,
		further, if on any Transfer Date the Free Equity Amount is less
		than the Minimum Free Equity Amount after giving effect to all transfers and
		deposits on that Transfer Date, the Issuer shall, on that Transfer Date,
		deposit into the Principal Account funds in an amount equal to the amounts of
		Available Non-Principal Collections that are required to be treated as
		Available Principal Collections pursuant to Section 4.4(a)(vi) and (vii) but are
		not available from funds in the Non-Principal Account as a result of the
		operation of the second preceding proviso.
	 

	 
		With respect to any Monthly Period when
		deposits of Non-Principal Collections into the Non-Principal Account are
		limited to deposits up to the Target Amount in accordance with clause (i)
		above, notwithstanding such limitation: (1) “Reallocated Principal Collections” for the related Transfer Date shall be calculated
		as if the full amount of Non-Principal Collections allocated to the Series
		2007-2 Noteholders during that Monthly Period had been deposited in the
		Non-Principal Account and applied on such Transfer Date in accordance with
		Section 4.4(a); and (2) Non-Principal Collections released to the
		Issuer pursuant to clause
		(i) above shall be deemed, for purposes
		of all calculations under this Indenture Supplement, to have been applied to
		the items specified in Section
		4.4(a) to which such amounts would have
		been applied (and in the priority in which they would have been applied) had
		such amounts been available in the Non-Principal Account on such Transfer Date.
		To avoid doubt, the calculations referred to in the preceding clause (2)
		include the calculations required by clause (b)(ii) of the definition of Collateral Amount.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		(ii) Allocations of Principal Collections. The Issuer shall allocate to the Series 2007-2
		Noteholders the following amounts as set forth below:
	 

	 
		(x) Allocations During the Revolving Period. During the Revolving Period an amount equal to the
		product of the Allocation Percentage and the aggregate amount of Principal
		Collections processed on such Date of Processing, shall be allocated to the
		Series 2007-2 Noteholders and first, an amount equal to the Reallocated
		Principal Collections for the related Transfer Date shall be made available on
		that Transfer Date for application in accordance with Section 4.7,
		second, if any other Principal Sharing Series is outstanding and in its
		accumulation period or amortization period, shall be retained in the Principal
		Account for application, to the extent necessary, as Shared Principal
		Collections to other Principal Sharing Series on the related Payment Date,
		third, shall be deposited in the Excess Funding Account to the extent necessary
		so that the Free Equity Amount is not less than the Minimum Free Equity Amount,
		and fourth, shall be released to the Issuer (and distributed by the Issuer to
		the Transferor or its assigns).
	 

	 
		(y) Allocations During the Controlled Accumulation
		Period. During the Controlled
		Accumulation Period, an amount equal to the product of the Allocation
		Percentage and the aggregate amount of Principal Collections processed on such
		Date of Processing shall be allocated to the Series 2007-2 Noteholders and
		transferred to the Principal Account until applied as provided herein;
		provided, that after the date on which an amount of such
		Principal Collections equal to the Monthly Principal has been deposited into
		the Principal Account, such amounts in excess thereof shall be first, if any
		other Principal Sharing Series is outstanding and in its accumulation period or
		amortization period, retained in the Principal Account for application, to the
		extent necessary, as Shared Principal Collections to other Principal Sharing
		Series on the related Payment Date, and second, deposited in the Excess Funding
		Account to the extent necessary so that the Free Equity Amount is not less than
		the Minimum Free Equity Amount, and third, shall be released to the Issuer (and
		distributed by the Issuer to the Transferor or its assigns).
	 

	 
		(z) Allocations During the Early Amortization
		Period. During the Early Amortization
		Period, an amount equal to the product of the Allocation Percentage and the
		aggregate amount of Principal Collections processed on such Date of Processing
		shall be allocated to the Series 2007-2 Noteholders and transferred to the
		Principal Account until applied as provided herein; provided, that
		after the date on which an amount of such Principal Collections equal to the
		Monthly Principal has been deposited into the Principal Account such amount
		shall be first, if any other Principal Sharing Series is outstanding and in its
		accumulation period or amortization period, retained in the Principal Account
		for application, to the extent necessary, as Shared Principal Collections to
		
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		other Principal Sharing Series on the
		related Payment Date, and second, deposited in the Excess Funding Account to
		the extent necessary so that the Free Equity Amount is not less than the
		Minimum Free Equity Amount, and third, shall be released to the Issuer (and
		distributed by the Issuer to the Transferor or its assigns).
	 

	 
		SECTION 4.4. Application of Available Non-Principal Collections and
		Available Principal Collections. On
		each Transfer Date or related Payment Date, as applicable, the Issuer shall
		withdraw, to the extent of available funds, the amount required to be withdrawn
		from the Non-Principal Account, the Principal Account and the Distribution
		Account as follows:
	 

	 
		(a) On each Transfer Date, an amount equal
		to the Available Non-Principal Collections with respect to the related Payment
		Date will be paid or deposited in the following priority:
	 

	 
		(i) on a pari passu basis,
	 

	 
		(A) the result of (1) the applicable
		Allocation Percentage multiplied by (2) the accrued and unpaid fees and other
		amounts owed to the Indenture Trustee up to a maximum amount of twenty-five
		thousand dollars ($25,000) for each calendar year, shall be paid to the
		Indenture Trustee,
	 

	 
		(B) the result of (1) the applicable
		Allocation Percentage multiplied by (2) the accrued and unpaid fees and other
		amounts (including any unpaid amounts pursuant to Section 7.2 of
		the Trust Agreement) owed to the Trustee up to a maximum amount of twenty-five
		thousand dollars ($25,000) for each calendar year, shall be paid to the
		Trustee,
	 

	 
		(C) the result of (1) the applicable
		Allocation Percentage multiplied by (2) the accrued and unpaid fees and other
		amounts owed to the Administrator up to a maximum amount of twenty-five
		thousand dollars ($25,000) for each calendar year, shall be paid to the
		Administrator, and
	 

	 
		(D) the result of (1) the applicable
		Allocation Percentage multiplied by (2) the accrued and unpaid fees and other
		amounts (including any unpaid amounts pursuant to Section 15 of the Custody and
		Control Agreement) owed to the Custodian up to a maximum amount of twenty-five
		thousand dollars ($25,000) for each calendar year, shall be paid to the
		Custodian;
	 

	 
		(ii) an amount equal to the Noteholder
		Servicing Fee for the prior Monthly Period and any overdue Noteholder Servicing
		Fee (to the extent not previously paid), plus any unpaid Servicer Advances and
		accrued and unpaid interest thereon, shall be paid to the Master
		Servicer;
	 

	 
		(iii) an amount equal to Class A Monthly
		Interest for such Payment Date, plus the amount
		of any Class A Monthly Interest previously due but not paid to Class A
		Noteholders on a prior Payment Date, shall be deposited into the Distribution
		Account;
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		(iv) an amount equal to Class B Monthly
		Interest for such Payment Date, plus the amount
		of any Class B Monthly Interest previously due but not paid to Class B
		Noteholders on a prior Payment Date, shall be deposited into the Distribution
		Account;
	 

	 
		(v) an amount equal to Class C Monthly
		Interest for such Payment Date, plus the amount
		of any Class C Monthly Interest previously due but not paid to Class C
		Noteholders on a prior Payment Date, shall be deposited into the Distribution
		Account;
	 

	 
		(vi) an amount equal to the Investor Default
		Amount for the prior Monthly Period shall be treated as Available Principal
		Collections and, during the Controlled Accumulation Period or the Early
		Amortization Period, shall be deposited into the Principal Account;
	 

	 
		(vii) an amount equal to the sum of the
		aggregate amount of Investor Charge-Offs and the amount of Reallocated
		Principal Collections which have not been previously reimbursed shall be
		treated as Available Principal Collections and, during the Controlled
		Accumulation Period or the Early Amortization Period, shall be deposited into
		the Principal Account;
	 

	 
		(viii) to deposit into the Reserve Account,
		during the Revolving Period and the Controlled Accumulation Period, the amount,
		if any, required to be deposited in the Reserve Account pursuant to
		Section 4.10(c);
	 

	 
		(ix) if any amounts are owed to the Persons
		listed in clause (i) above and are not paid pursuant to clause (i),
		above, such amounts owed to such Persons shall be paid on a pari passu basis to
		such Persons;
	 

	 
		(x) to deposit into the Principal Account,
		during the Controlled Accumulation Period, any deficiency in the amount
		otherwise required to be deposited into the Principal Account at that
		time;
	 

	 
		(xi) if the Early Amortization Period has
		not occurred and is not continuing, the balance, if any, will constitute a
		portion of Excess Non-Principal Collections for such Payment Date and will be
		applied in accordance with Section
		8.6 of the Indenture; and
	 

	 
		(xii) during the Early Amortization Period,
		the remaining balance, if any, will be used to make principal payments first,
		to the Class A Notes until the Class A Note Principal Balance is paid in full,
		second, to the Class B Notes until the Class B Note Principal Balance is paid
		in full, and, third, to the Class C Notes until the Class C Note Principal
		Balance is paid in full.
	 

	 
		On each Transfer Date, to the extent that
		there is a shortfall (a “Transfer
		Date Shortfall”) in the amounts to
		be paid or deposited pursuant to clauses (a)(i), (a)(iii), (a)(iv) and (a)(v)
		of this Section 4.4, the Indenture Trustee shall withdraw from the
		Collection Account, from any Servicer Advance on deposit therein, an amount
		equal to the lesser of (i) the Transfer Date Shortfall for such Transfer Date
		and (ii) the product of (x) such Servicer Advance and (y) the Allocation
		Percentage for the previous Monthly Period, and apply such withdrawn amount to
		make the payments and deposits contemplated by such clauses of this
		Section 4.4.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		(b) On each Transfer Date with respect to
		the Revolving Period, an amount equal to the Available Principal Collections
		for the related Monthly Period shall be treated as Shared Principal Collections
		and applied in accordance with Section
		8.5 of the Indenture.
	 

	 
		(c) On each Transfer Date or Payment Date,
		as applicable, with respect to the Controlled Accumulation Period or the Early
		Amortization Period, an amount equal to the Available Principal Collections for
		the related Monthly Period shall be paid or deposited in the following order of
		priority:
	 

	 
		(i) during the Controlled Accumulation
		Period, an amount equal to the Monthly Principal for each Transfer Date shall
		be deposited into the Principal Account on such Transfer Date;
	 

	 
		(ii) during the Early Amortization Period,
		an amount equal to the Monthly Principal for each Transfer Date shall be
		deposited into the Distribution Account on such Transfer Date and on the
		related Payment Date shall be paid, first, to the Class A Noteholders on the
		related Payment Date until the Class A Note Principal Balance has been paid in
		full; second, to the Class B Noteholders until the Class B Note Principal
		Balance has been paid in full; and third, to the Class C Noteholders until the
		Class C Note Principal Balance has been paid in full; and
	 

	 
		(iii) in the case of each of the Controlled
		Accumulation Period and the Early Amortization Period, the balance of such
		Available Principal Collections remaining after application in accordance with
		clauses (i) and (ii) above shall
		be treated as Shared Principal Collections and applied in accordance with
		Section 8.5 of the Indenture.
	 

	 
		(d) On each Payment Date in accordance with
		Section 4.5, the Issuer shall pay first, to the Class A Noteholders
		from the Distribution Account, the amount deposited into the Distribution
		Account pursuant to Section
		4.4(a)(iii) on the preceding Transfer
		Date, second, to the Class B Noteholders from the Distribution Account, the
		amount deposited into the Distribution Account pursuant to Section 4.4(a)(iv) on the preceding Transfer Date and, third, to the Class
		C Noteholders from the Distribution Account, the amount deposited into the
		Distribution Account pursuant to Section
		4.4(a)(v) on the preceding Transfer
		Date, in each case to the extent permitted by applicable law.
	 

	 
		(e) On the earlier to occur of (i) the first
		Transfer Date during the Early Amortization Period and (ii) the Transfer Date
		immediately preceding the Expected Principal Payment Date, the Issuer shall
		withdraw from the Principal Account and deposit into the Distribution Account
		the amount deposited into the Principal Account pursuant to Section 4.4(c)(i) and on the related Payment Date shall pay such amount
		first, to the Class A Noteholders, until the Class A Note Principal Balance is
		paid in full, second to the Class B Noteholders until the Class B Note
		Principal Balance is paid in full and, third, to the Class C Noteholders until
		the Class C Note Principal Balance is paid in full.
	 

	 
		SECTION 4.5. Payments.

	 

	 
		(a) On each Payment Date, the Issuer shall
		pay to each Class A Noteholder of record on the related Record Date such Class
		A Noteholder’s pro rata share of
		the amounts on deposit in
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		the Distribution Account that are allocated
		and available on such Payment Date and as are payable to the Class A
		Noteholders pursuant to this Indenture Supplement.
	 

	 
		(b) On each Payment Date, the Issuer shall
		pay to each Class B Noteholder of record on the related Record Date such Class
		B Noteholder’s pro rata share of the amounts on deposit in the
		Distribution Account that are allocated and available on such Payment Date and
		as are payable to the Class B Noteholders pursuant to this Indenture
		Supplement.
	 

	 
		(c) On each Payment Date, the Issuer shall
		pay to each Class C Noteholder of record on the related Record Date such Class
		C Noteholder’s pro rata share of
		the amounts on deposit in the Distribution Account that are allocated and
		available on such Payment Date and as are payable to the Class C Noteholders
		pursuant to this Indenture Supplement.
	 

	 
		(d) The payments to be made pursuant to this
		Section 4.5 are subject to the provisions of Section 7.1 of
		this Indenture Supplement.
	 

	 
		(e) All payments to Noteholders hereunder
		shall be made by (i) check mailed to each Series 2007-2 Noteholder (at such
		Noteholder’s address as it appears in the Note Register), except that for
		any Series 2007-2 Notes registered in the name of the nominee of a Clearing
		Agency, such payment shall be made by wire transfer of immediately available
		funds, and (ii) except as provided in Section 2.7(b)
		of the Indenture, without presentation or surrender of any Series 2007-2 Note
		or the making of any notation thereon.
	 

	 
		SECTION 4.6. Investor Charge-Offs. On each Determination Date, the Issuer shall calculate
		the Investor Default Amount for the preceding Monthly Period. If, on any
		Transfer Date, the sum of the Investor Default Amount for the preceding Monthly
		Period exceeds the amount of Available Non-Principal Collections allocated with
		respect thereto pursuant to Section
		4.4(a)(vi) with respect to such
		Transfer Date and the amount withdrawn from the Reserve Account on such
		Transfer Date and applied pursuant to Section 4.4(a)(vi), the Collateral Amount will be reduced (but not below
		zero) by the amount of such excess (such reduction, an “Investor Charge-Off”).
	 

	 
		SECTION 4.7. Reallocated Principal Collections. On each Transfer Date, after giving effect to
		Section 4.10(a), the Issuer shall apply Reallocated Principal
		Collections with respect to that Transfer Date to fund any deficiency pursuant
		to and in the priority set forth in Sections 4.4(a)(i) through (v). On each
		Transfer Date, the Collateral Amount shall be reduced by the amount of
		Reallocated Principal Collections for such Transfer Date.
	 

	 
		SECTION 4.8. Excess Non-Principal Collections. Series 2007-2 shall be an Excess Allocation Series
		with respect to Group One only. Subject to Section 8.6
		of the Indenture, Excess Non-Principal Collections with respect to the Excess
		Allocation Series in Group One for any Transfer Date will be allocated to
		Series 2007-2 in an amount equal to the product of (x) the aggregate amount of
		Excess Non-Principal Collections with respect to all the Excess Allocation
		Series in Group One for the related Payment Date and (y) a fraction, the
		numerator of which is the Non-Principal Shortfall for Series 2007-2 for such
		Payment Date and the denominator of which is the aggregate amount of
		Non-Principal Shortfalls for all the Excess Allocation Series in Group One for
		such Payment Date. The “Non-Principal Shortfall” for Series 2007-2 for any 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		Payment Date will be equal to the excess, if
		any, of (a) the full amount required to be paid, without duplication,
		pursuant to Sections
		4.4(a)(i) through (viii) on such
		Payment Date over (b) the Available Non-Principal Collections with
		respect to such Payment Date (excluding any portion thereof attributable to
		Excess Non-Principal Collections).
	 

	 
		SECTION 4.9. Shared Principal Collections. Subject to Section 8.5
		of the Indenture, Shared Principal Collections allocable to Series 2007-2 on
		any Transfer Date will be equal to the product of (x) the aggregate amount of
		Shared Principal Collections with respect to all Principal Sharing Series for
		such Transfer Date and (y) a fraction, the numerator of which is the Principal
		Shortfall for Series 2007-2 for such Transfer Date and the denominator of which
		is the aggregate amount of Principal Shortfalls for all the Series which are
		Principal Sharing Series for such Transfer Date. The “Principal Shortfall” for Series 2007-2 will be equal to (a) for any
		Transfer Date prior to the Transfer Date relating to the Expected Principal
		Payment Date, zero, and (b) for any Transfer Date relating to any Payment Date
		on or after the Expected Principal Payment Date, the Note Principal
		Balance.
	 

	 
		SECTION 4.10. Reserve Account.
	 

	 
		(a) On each Transfer Date, if the aggregate
		amount of Available Non-Principal Collections is less than the aggregate amount
		required to be paid or deposited pursuant to clauses (i)
		through (vi) of Section
		4.4(a), the Issuer shall withdraw from
		the Reserve Account the amount of such deficiency up to the Available Reserve
		Account Amount and shall apply such amount in accordance with such clauses of
		Section 4.4(a).
	 

	 
		(b) On the Series 2007-2 Final Maturity
		Date, and on any day following the occurrence of an Event of Default with
		respect to Series 2007-2 that has resulted in the acceleration of the Series
		2007-2 Notes, the Issuer shall withdraw from the Reserve Account the Available
		Reserve Account Amount and deposit such amount in the Distribution Account for
		payment to the Series 2007-2 Noteholders to fund any shortfalls in amounts owed
		to the Series 2007-2 Noteholders.
	 

	 
		(c) If on any Transfer Date, after giving
		effect to all withdrawals from the Reserve Account, the Available Reserve
		Account Amount is less than the Required Reserve Account Amount then in effect,
		Available Non-Principal Collections shall be deposited into the Reserve Account
		pursuant to Section
		4.4(a)(viii) up to the amount of the
		Reserve Account Deficiency.
	 

	 
		(d) If, after giving effect to all deposits
		to and withdrawals from the Reserve Account with respect to any Transfer Date,
		the amount on deposit in the Reserve Account exceeds the Required Reserve
		Account Amount, the Issuer shall withdraw an amount equal to such excess from
		the Reserve Account and distribute such amount to the Transferor on the related
		Payment Date. On the date on which the Reserve Account has been terminated,
		after giving effect to any withdrawal on such date pursuant to Section 4.10(a)
		or Section 4.10(b) and making any payments to the Series 2007-2
		Noteholders required pursuant to this Indenture Supplement, all amounts then
		remaining in the Reserve Account shall be released to the Issuer (and
		distributed by the Issuer to the Transferor or its assigns).
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		(e) The Reserve Account will terminate on
		the earliest to occur of (i) the date on which the Note Principal Balance has
		been paid in full and all other amounts payable to the Series 2007-2
		Noteholders have been paid in full; (ii) the Series 2007-2 Final Maturity Date;
		and (iii) the termination of the Issuer.
	 

	 
		(f) On the Closing Date, the Issuer or the
		Transferor will deposit or cause to be deposited in the Reserve Account an
		amount equal to the Required Reserve Account Amount (determined after giving
		effect to the issuance of Series 2007-2 Notes on the Closing Date).
	 

	 
		SECTION 4.11. Investment of Amounts on Deposit in Series
		Accounts.
	 

	 
		(a) To the extent there are uninvested
		amounts deposited in the Series Accounts, the Issuer shall cause such amounts
		to be invested in Permitted Investments selected by the Issuer that mature no
		later than the following Transfer Date.
	 

	 
		(b) On each Transfer Date, the Investment
		Earnings, if any, accrued since the preceding Transfer Date on funds on deposit
		in the Reserve Account or the Principal Account shall be treated as Available
		Non-Principal Collections and paid or deposited in accordance with
		Section 4.4(a). Subject to the foregoing, for purposes of determining
		the availability of funds or the balance in the Reserve Account for any reason
		under this Indenture Supplement, all Investment Earnings shall be deemed not to
		be available or on deposit.
	 

	 
		SECTION 4.12. Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to
		commence at the beginning of business on the Controlled Accumulation Date. On
		each Determination Date until the Controlled Accumulation Date, the Issuer
		shall review the amount of expected Principal Collections and determine the
		Controlled Accumulation Period Length; provided, that
		if the Controlled Accumulation Period Length (determined as described below) on
		any Determination Date is less than or more than the number of months in the
		scheduled Controlled Accumulation Period, upon written notice to the Indenture
		Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or
		accelerate, as applicable, the date on which the Controlled Accumulation Period
		actually commences, so that as a result, the number of Monthly Periods in the
		Controlled Accumulation Period will equal the Controlled Accumulation Period
		Length; provided, that the length of the Controlled Accumulation Period
		will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the
		amount available for payment of principal on the Notes on the Expected
		Principal Payment Date is expected to equal or exceed the Note Principal
		Balance, assuming for this purpose that (1) the weighted average principal
		payment rate on the Receivables held by the Issuer will be no greater than the
		lowest weighted average monthly principal payment rate for the Receivables held
		by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount
		of Principal Receivables held by the Issuer in the Trust (and the principal
		amount on deposit in the Excess Funding Account, if any) remains constant at
		the level on such date of determination, (3) no Early Amortization Event with
		respect to any Series will subsequently occur and (4) no additional Series
		(other than any Series being issued on such date of determination) will be
		subsequently issued by the Issuer. Any notice by the Issuer modifying the
		commencement of the Controlled Accumulation Period pursuant to this
		Section 4.12 shall specify (i) the Controlled Accumulation Period
		Length and (ii) the commencement date of the Controlled Accumulation
		Period.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		SECTION 4.13. Determination of LIBOR.
	 

	 
		(a) On each LIBOR Determination Date in
		respect of an Interest Period, the Indenture Trustee shall determine LIBOR on
		the basis of the rate per annum displayed in the Bloomberg Financial Markets
		system as the composite offered rate for London interbank deposits for a
		one-month period, as of 11:00 a.m., London time, on that date. If that
		rate does not appear on that display page, LIBOR for that Interest Period will
		be the rate per annum shown on Reuters page LIBOR 01 or any successor page as
		the composite offered rate for London interbank deposits for a one-month
		period, as shown under the heading “USD” as of 11:00 a.m., London
		time, on the LIBOR Determination Date. If no rate is shown as described in the
		preceding two sentences, LIBOR for that Interest Period will be the rate per
		annum based on the rates at which U.S. dollar deposits for a one-month period
		are displayed on page “LIBOR” of the Reuters Monitor Money Rates
		Service or such other page as may replace the LIBOR page on that service for
		the purpose of displaying London interbank offered rates of major banks as of
		11:00 a.m., London time, on the LIBOR Determination Date; provided, that
		if at least two rates appear on that page, the rate will be the arithmetic mean
		of the displayed rates and if fewer than two rates are displayed, or if no rate
		is relevant, the rate for that Interest Period shall be determined on the basis
		of the rates at which deposits in United States dollars are offered by the
		Reference Banks at approximately 11:00 a.m., London time, on that day to
		prime banks in the London interbank market for a one-month period. The
		Indenture Trustee shall request the principal London office of each of the
		Reference Banks to provide a quotation of its rate. If at least two (2) such
		quotations are provided, LIBOR for that Interest Period shall be the arithmetic
		mean of all quotations provided. If fewer than two (2) quotations are provided
		as requested, LIBOR for that Interest Period will be the arithmetic mean of the
		rates quoted by major banks in New York City, selected by the Master Servicer,
		at approximately 11:00 a.m., New York City time, on that day for loans in
		United States dollars to leading European banks for a one-month period.
	 

	 
		(b) The Class A Note Interest Rate, Class B
		Note Interest Rate and Class C Note Interest Rate applicable to the then
		current and the immediately preceding Interest Periods may be obtained by
		telephoning the Indenture Trustee at (212) 250-4855 or such other telephone
		number as shall be designated by the Indenture Trustee for such purpose by
		prior written notice to each Series 2007-2 Noteholder from time to time.

	 

	 
		(c) On each LIBOR Determination Date, the
		Indenture Trustee shall send to the Issuer, by facsimile transmission,
		notification of LIBOR for the following Interest Period.
	 

	 
		ARTICLE V
	 

	 
		DELIVERY OF SERIES 2007-2
		NOTES;
	 

	 
		REPORTS TO SERIES 2007-2 NOTEHOLDERS
		
	 

	 
		SECTION 5.1. Delivery and Payment for the Series 2007-2
		Notes.
	 

	 
		The Issuer shall execute and issue, and the
		Authenticating Agent shall authenticate, the Series 2007-2 Notes in accordance
		with Section 2.2 of the Indenture. The Indenture Trustee shall deliver
		or cause to be delivered the Series 2007-2 Notes to or upon Issuer Order when
		so authenticated.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		SECTION 5.2. Reports and Statements to Series 2007-2
		Noteholders.
	 

	 
		(a) Not later than the second Business Day
		preceding each Payment Date, the Issuer shall deliver, or cause the Master
		Servicer to deliver to the Trustee, the Indenture Trustee (who shall deliver to
		or cause to be delivered to each Series 2007-2 Noteholder) and each Rating
		Agency a statement substantially in the form of Exhibit B
		prepared by the Master Servicer; provided, that
		the Issuer may amend the form of Exhibit
		B from time to time with the prior
		written consent of the Indenture Trustee.
	 

	 
		(b) On or before January 31 of each calendar
		year, beginning in the first January to occur after the Closing Date, the
		Indenture Trustee, on behalf of the Issuer, shall furnish or cause to be
		furnished to each Person who at any time during the preceding calendar year was
		a Series 2007-2 Noteholder the information for the preceding calendar year, or
		the applicable portion thereof during which the Person was a Noteholder, as is
		required to be provided by an issuer of indebtedness under the Code to the
		holders of the Issuer’s indebtedness and such other customary information
		as is necessary to enable such Noteholder to prepare its federal income tax
		returns. Notwithstanding anything to the contrary contained in this Agreement,
		the Indenture Trustee, on behalf of the Issuer, shall, to the extent required
		by applicable law, from time to time furnish to the appropriate Persons, at
		least five (5) Business Days prior to the end of the period required by
		applicable law, the information required to complete a Form 1099-INT.
	 

	 
		ARTICLE VI
	 

	 
		SERIES 2007-2 EARLY AMORTIZATION
		EVENTS
	 

	 
		SECTION 6.1. Series 2007-2 Early Amortization Events. If any one of the following events shall occur with
		respect to the Series 2007-2 Notes:
	 

	 
		(a) (i) failure on the part of Transferor to
		make any payment or deposit required to be made by it by the terms of the
		Second Tier Agreement on or before the date occurring five (5) Business Days
		after the date such payment or deposit is required to be made therein or (ii)
		failure of the Transferor duly to observe or perform in any material respect
		any of its covenants or agreements set forth in the Second Tier Agreement
		(excluding matters addressed by clause
		(i) above), which failure has a
		material adverse effect on Series 2007-2 and which continues unremedied for a
		period of sixty (60) days after the date on which written notice of such
		failure, requiring the same to be remedied, shall have been given to the Issuer
		or the Transferor, as applicable, by the Indenture Trustee, or to the Issuer,
		the Transferor and the Indenture Trustee by any Noteholder of the Series 2007-2
		Notes;
	 

	 
		(b) any representation or warranty made by
		the Transferor in the Second Tier Agreement or by the Issuer in the Indenture
		and the Indenture Supplement or any information contained in an account
		schedule required to be delivered by the Transferor pursuant to Section 2.1(b) or Section
		2.6(c) of the Second Tier Agreement
		shall prove to have been incorrect in any material respect when made or when
		delivered, which continues to be incorrect in any material respect for a period
		of sixty (60) days after the date on which written notice of the same,
		requiring the same to be remedied, shall have been given to the Issuer or
		Transferor, as applicable, by the Indenture Trustee, or to Transferor or the
		Issuer, as applicable, and the Indenture Trustee by any Noteholder of the
		Series 2007-2 Notes, and as a result of which the
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		interests of Series 2007-2 are materially
		and adversely affected and continue to be materially and adversely affected for
		such period; provided, that a Series 2007-2 Early Amortization Event pursuant
		to this Section 6.1(b) shall not be deemed to have occurred hereunder if
		Transferor has accepted reassignment of the related Transferred Receivable or
		Transferred Receivables, if applicable, during such period in accordance with
		the provisions of the Second Tier Agreement;
	 

	 
		(c) a failure by Transferor under the Second
		Tier Agreement to convey Transferred Receivables in Additional Accounts (or to
		convey participations) to the Issuer when it is required to convey such
		Transferred Receivables (or to convey participations) pursuant to
		Section 2.6 of the Second Tier Agreement;
	 

	 
		(d) any Servicer Default or any Indenture
		Servicer Default shall occur;
	 

	 
		(e) (i) on any Determination Date occurring
		in the months of February through April, the average of the Monthly Payment
		Rates for the three (3) preceding Monthly Periods is less than eighteen percent
		(18%) (or a lower percentage designated by the Transferor if the Rating Agency
		Condition is satisfied with respect thereto), (ii) on any Determination Date
		occurring in the months of May or June, the average of the Monthly Payment
		Rates for the three (3) preceding Monthly Periods is less than twenty percent
		(20%) (or a lower percentage designated by the Transferor if the Rating Agency
		Condition is satisfied with respect thereto); (iii) on any Determination Date
		occurring in the months of July through October, the average of the Monthly
		Payment Rates for the three (3) preceding Monthly Periods is less than
		twenty-five percent (25%) (or a lower percentage designated by the Transferor
		if the Rating Agency Condition is satisfied with respect thereto), and (iv) on
		any Determination Date occurring in the months of November through January, the
		average of the Monthly Payment Rates for the three (3) preceding Monthly
		Periods is less than twenty percent (20%) (or a lower percentage designated by
		the Transferor if the Rating Agency Condition is satisfied with respect
		thereto);
	 

	 
		(f) the Note Principal Balance shall not be
		paid in full on the Expected Principal Payment Date;
	 

	 
		(g) without limiting the foregoing, the
		occurrence of an Event of Default with respect to the Series 2007-2 Notes that
		results in the acceleration of the maturity of the Series 2007-2 Notes pursuant
		to Section 5.3 of the Indenture; or
	 

	 
		(h) the sum of all investments (other than
		Receivables) held in trust accounts of the Issuer and, without duplication,
		amounts held in the Excess Funding Account, represents more than fifty percent
		(50%) of the dollar amount of the assets of the Issuer on each of six or more
		consecutive monthly Determination Dates, after giving effect to all payments
		made or to be made on the Payment Dates relating to those Determination Dates;
		or
	 

	 
		(i) (i) on any Payment Date, after giving
		effect to withdrawals from and deposits into the Reserve Account, the Reserve
		Account balance is less than the product of (A) the Required Reserve Account
		Percentage minus one-fourth of one percent (0.25%) and (B) the Note Principal
		Balance, or (ii) on the Payment Date after a withdrawal from the Reserve
		Account that does not result in an Early Amortization Event pursuant to the
		preceding clause, after giving effect to withdrawals from and deposits into the
		Reserve Account, the Reserve Account balance is less 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		than the product of (A) the Required Reserve
		Account Percentage and (B) the Note Principal Balance;
	 

	 
		then, in the case of any event described in
		subsection (a), (b) or
		(d), after the applicable grace period, if any, set forth
		in such subparagraphs, either the Indenture Trustee or the Noteholders of
		Series 2007-2 Notes evidencing more than fifty percent (50%) of the aggregate
		unpaid principal amount of Series 2007-2 Notes by notice then given in writing
		to the Issuer (and to the Indenture Trustee if given by the Series 2007-2
		Noteholders) may declare that a “Series Early Amortization Event”
		with respect to Series 2007-2 (a “Series 2007-2 Early Amortization Event”) has occurred as of the date of such notice, and,
		in the case of any event described in subsection (c),
		(e), (f),
		(g), (h) or
		(i), a Series 2007-2 Early Amortization Event shall occur
		without any notice or other action on the part of the Indenture Trustee or the
		Series 2007-2 Noteholders immediately upon the occurrence of such event.

	 

	 
		ARTICLE VII
	 

	 
		REDEMPTION OF SERIES 2007-2 NOTES;
		FINAL DISTRIBUTIONS; SERIES TERMINATION
	 

	 
		SECTION 7.1. Optional Redemption of Series 2007-2 Notes; Final
		Distributions.
	 

	 
		(a) On any day occurring on or after the
		date on which the outstanding principal balance of the Series 2007-2 Notes is
		reduced to ten percent (10%) or less of the Initial Collateral Amount, the
		Transferor has the option pursuant to the Trust Agreement to reduce the
		Collateral Amount to zero by paying a purchase price equal to the greater of
		(x) the Collateral Amount plus the Allocation Percentage of outstanding
		Non-Principal Receivables, and (y) (i) if such day is a Payment Date, the
		Reassignment Amount for such Payment Date or (ii) if such day is not a Payment
		Date, the Reassignment Amount for the Payment Date following such day. If
		Transferor exercises such option, the Issuer will apply such purchase price to
		repay the Series 2007-2 Notes in full as specified below.
	 

	 
		(b) In order to exercise such option, the
		Issuer shall give the Indenture Trustee at least thirty (30) days’ prior
		written notice of the date on which Transferor intends to exercise such
		optional redemption. Not later than 12:00 noon, New York City time, on the day
		of such redemption, the Issuer shall deposit into the Collection Account in
		immediately available funds the Reassignment Amount. Such redemption option is
		subject to payment in full of the Reassignment Amount. Following such deposit
		into the Collection Account in accordance with the foregoing, the Collateral
		Amount for Series 2007-2 shall be reduced to zero and the Series 2007-2
		Noteholders shall have no further security interest or other interest in the
		Transferred Receivables. The Reassignment Amount shall be paid as set forth in
		Section 7.1(d).
	 

	 
		(c) The amount to be paid by the Issuer with
		respect to Series 2007-2 in connection with a repurchase of the Series 2007-2
		Notes pursuant to Section
		10.1 of the Trust Agreement shall not
		be less than the Reassignment Amount for the Payment Date of such
		repurchase.
	 

	 
		(d) With respect to the Reassignment Amount
		deposited into the Collection Account pursuant to this Section 7.1
		or the net proceeds of any sale of Transferred Receivables pursuant to
		Section 5.3 of the Indenture with respect to Series 2007-2, the
		Indenture Trustee shall, in 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		accordance with an Issuer Order, not later
		than 12:00 noon, New York City time, on the related Payment Date, make payments
		of the following amounts (in the priority set forth below and, in each case,
		after giving effect to any deposits and payments otherwise to be made on such
		date) in immediately available funds: (i) an amount equal to the Class A
		Monthly Interest due and payable on such Payment Date (or any prior Payment
		Date that has not been paid) will be paid, pro rata, to the Class A
		Noteholders, to the extent permitted by applicable law, (ii) the Class A Note
		Principal Balance on such Payment Date will be paid, pro rata, to the Class A
		Noteholders, (iii) an amount equal to the Class B Monthly Interest due and
		payable on such Payment Date (or any prior Payment Date that has not been paid)
		will be paid, pro rata, to the Class B Noteholders, to the extent permitted by
		applicable law, (iv) the Class B Note Principal Balance on such Payment Date
		will be paid, pro rata, to the Class B Noteholders, (v) an amount equal to the
		Class C Monthly Interest due and payable on such Payment Date (or any prior
		Payment Date that has not been paid) will be paid, pro rata, to the Class C
		Noteholders to the extent permitted by applicable law, (vi) the Class C Note
		Principal Balance on such Payment Date will be paid, pro rata, to the Class C
		Noteholders, and (vii) any excess shall be released to the Issuer.
	 

	 
		SECTION 7.2. Series Termination.
	 

	 
		On the Series 2007-2 Final Maturity Date,
		the unpaid principal amount of the Series 2007-2 Notes shall be due and
		payable.
	 

	 
		ARTICLE VIII
	 

	 
		MISCELLANEOUS PROVISIONS
	 

	 
		SECTION 8.1. Ratification of Indenture; Amendments. As supplemented by this Indenture Supplement, the
		Indenture is in all respects ratified and confirmed and the Indenture as so
		supplemented by this Indenture Supplement shall be read, taken and construed as
		one and the same instrument. This Indenture Supplement may be amended only in
		accordance with the terms of Section
		9.1 or 9.2 of the
		Indenture. For purposes of the application of Section 9.2 of
		the Indenture to any amendment of this Indenture Supplement, the Series 2007-2
		Noteholders shall be the only Noteholders whose vote shall be required.
	 

	 
		SECTION 8.2.
		Form of Delivery of the Series 2007-2
		Notes. The Class A Notes, the Class B
		Notes and the Class C Notes shall be Book-Entry Notes and shall be delivered as
		provided in Sections 2.1 and 2.2 of the
		Indenture.
	 

	 
		SECTION 8.3. Counterparts.
		This Indenture Supplement may be executed in two or more counterparts, and by
		different parties on separate counterparts, each of which shall be an original,
		but all of which shall constitute one and the same instrument.
	 

	 
		SECTION 8.4. GOVERNING LAW.
	 

	 
		(a) THIS INDENTURE SUPPLEMENT AND THE OBLIGATIONS ARISING
		HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
		VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN
		ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS
		5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY
		OTHER 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		CONFLICT OF LAWS PROVISIONS THEREOF) AND
		ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.
	 

	 
		(b) EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE
		STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK
		CITY SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR
		DISPUTES BETWEEN THEM PERTAINING TO THIS INDENTURE SUPPLEMENT OR TO ANY MATTER
		ARISING OUT OF OR RELATING TO THIS INDENTURE SUPPLEMENT; PROVIDED,
		THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE
		TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK
		CITY; PROVIDED,
		FURTHER, THAT NOTHING IN THIS INDENTURE SUPPLEMENT SHALL BE
		DEEMED OR OPERATE TO PRECLUDE THE INDENTURE TRUSTEE FROM BRINGING SUIT OR
		TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE
		COLLATERAL OR ANY OTHER SECURITY FOR THE SERIES 2007-2 NOTES, OR TO
		ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE INDENTURE TRUSTEE. EACH
		PARTY HERETO SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION
		OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES ANY
		OBJECTION THAT SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION,
		IMPROPER VENUE OR FORUM NON
		CONVENIENS AND HEREBY CONSENTS
		TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY
		SUCH COURT. EACH PARTY HERETO HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS,
		COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT
		SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED
		OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS DETERMINED IN
		ACCORDANCE WITH SECTION 10.4 OF THE INDENTURE AND THAT SERVICE SO MADE SHALL BE
		DEEMED COMPLETED UPON THE EARLIER OF SUCH PARTY’S ACTUAL RECEIPT THEREOF
		OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID.
		NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE
		LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.
	 

	 
		(c) BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX
		FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN
		EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL
		LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR
		DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO
		ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF
		ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
		SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN
		CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO, OR
		
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		INCIDENTAL TO THE RELATIONSHIP
		ESTABLISHED AMONG THEM IN CONNECTION WITH THIS INDENTURE SUPPLEMENT OR THE
		TRANSACTIONS CONTEMPLATED HEREBY.
	 

	 
		SECTION 8.5. Limitation of Liability. Notwithstanding any other provision herein or
		elsewhere, this Agreement has been executed and delivered by The Bank of New
		York (Delaware), not in its individual capacity, but solely in its capacity as
		Trustee of the Issuer, in no event shall The Bank of New York (Delaware) in its
		individual capacity have any liability in respect of the representations,
		warranties, or obligations of the Issuer hereunder or under any other document,
		as to all of which recourse shall be had solely to the assets of the Trust, and
		for all purposes of this Agreement and each other document, the Trustee (as
		such or in its individual capacity) shall be subject to, and entitled to the
		benefits of, the terms and provisions of the Trust Agreement.
	 

	 
		SECTION 8.6. Rights of the Indenture Trustee. The Indenture Trustee shall have herein the same
		rights, protections, indemnities and immunities as specified in the Master
		Indenture.
	 

	 
		SECTION 8.7. No Petition.
		Each holder of a Note by its acceptance of a Note will be deemed to covenant
		and agree that (i) it will not at any time directly or indirectly institute or
		cause to be instituted against the Issuer any bankruptcy, reorganization,
		arrangement, insolvency or liquidation proceeding or other proceeding under any
		Debtor Relief Law unless holders of not less than sixty-six and two-thirds
		percent (66 2/3%) of the Outstanding Principal Balance of each Class of each
		Series have approved such filing; and (ii) it will not at any time directly or
		indirectly institute or cause to be instituted against the Transferor any
		bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding
		or other proceeding under any Debtor Relief Law in connection with any
		obligation relating to the Notes, the Indenture or any of the Related
		Documents.
	 

	 
		SECTION 8.8. Amendments to Other Indenture
		Supplements. (a) Each of the series
		2005-1 indenture supplement, series 2005-2 indenture supplement, series 2006-1
		indenture supplement, series 2006-2 indenture supplement, series 2006-3
		indenture supplement, series 2006-4 indenture supplement and series 2007-1
		indenture supplement to the Indenture (collectively, the foregoing indenture
		supplements, the “Supplements”), each between the parties hereto, is hereby
		amended as described in this section below.
	 

	 
		(b) Minimum Free Equity Percentages. Section
		1.1(b) of each of the Supplements is
		amended by replacing the definition of the defined term “Minimum Free
		Equity Percentage” therein with the definition of the defined term
		“Minimum Free Equity Percentage” set forth in Section 1.1(b) of this Indenture Supplement.
	 

	 
		[SIGNATURE PAGES FOLLOW]
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
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		IN WITNESS WHEREOF, the undersigned have
		caused this Indenture Supplement to be duly executed and delivered on the day
		and year first above written.
	 

	  

	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  GE DEALER FLOORPLAN MASTER NOTE
				  TRUST, as Issuer
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: THE BANK OF NEW YORK
				  (DELAWARE), not in its individual capacity, but as Trustee on behalf of Issuer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				
				  /s/ Kristine K. Gullo
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: 
				

			 	
				
				  Kristine K. Gullo
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				  Vice President
				

			 

 

	 
		 
	 

	 	
			 
				 
			 

		  	
			  

			 

		  	
			 
				2007-2 Indenture
				Supplement
			 

		  

	 
	 

	 

	  

	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE BANK TRUST COMPANY
				  AMERICAS, as Indenture Trustee
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				/s/ Sue Kim
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	

				
				  Sue Kim
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				  Associate
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				/s/ Irene Siegel
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	

				
				  Irene Siegel
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				  Vice President
				

			 

 

	 
		 
	 

	 	
			 
				 
			 

		  	
			  

			 

		  	
			 
				2007-2 Indenture
				Supplement
			 

		  

	 
	 

	 

	 
		EXHIBIT A-1
	 

	 
		FORM OF CLASS A SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		UNLESS THIS NOTE 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 NOTE 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.
	 

	 
		THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE
		HEREOF COVENANTS AND AGREES THAT (I) IT WILL NOT AT ANY TIME DIRECTLY OR
		INDIRECTLY INSTITUTE OR CAUSE TO BE INSTITUTED AGAINST THE ISSUER ANY
		BANKRUPTCY, REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDING
		OR OTHER PROCEEDING UNDER ANY FEDERAL OR STATE BANKRUPTCY LAW UNLESS
		NOTEHOLDERS OF NOT LESS THAN SIXTY-SIX AND TWO-THIRDS PERCENT (66 2/3%) OF THE
		OUTSTANDING PRINCIPAL BALANCE OF EACH CLASS OF EACH SERIES HAVE APPROVED SUCH
		FILING; AND (II) IT WILL NOT AT ANY TIME DIRECTLY OR INDIRECTLY INSTITUTE OR
		CAUSE TO BE INSTITUTED AGAINST DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER
		TRUST OR CDF FUNDING, INC. ANY BANKRUPTCY, REORGANIZATION, ARRANGEMENT,
		INSOLVENCY OR LIQUIDATION PROCEEDING OR OTHER PROCEEDING UNDER ANY FEDERAL OR
		STATE BANKRUPTCY LAW IN CONNECTION WITH ANY OBLIGATION RELATING TO THE NOTES,
		THE INDENTURE OR ANY OF THE RELATED DOCUMENTS.
	 

	 
		THE HOLDER OF THIS CLASS A NOTE, BY
		ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN,
		AGREE TO TREAT THE CLASS A NOTES AS INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE,
		AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX
		IMPOSED ON, OR MEASURED BY, INCOME.
	 

	 
		BY ACQUIRING THIS NOTE (OR ANY INTEREST
		HEREIN), EACH PURCHASER AND TRANSFEREE SHALL BE DEEMED TO REPRESENT AND WARRANT
		THAT EITHER (I) IT IS NOT ACQUIRING THE NOTE WITH THE PLAN ASSETS OF (A) AN
		“EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE
		RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) WHICH IS
		SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN SECTION 4975
		OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), (C) AN
		ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS OF THE FOREGOING OR (D) A
		GOVERNMENTAL PLAN OR OTHER PLAN THAT IS SUBJECT TO APPLICABLE LAW THAT IS
		SUBSTANTIALLY SIMILAR TO THE FIDUCIARY RESPONSIBILITY 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		PROVISIONS OF ERISA OR SECTION 4975 OF THE
		CODE OR (II) THE ACQUISITION, HOLDING AND DISPOSITION OF, THIS NOTE (OR ANY
		INTEREST HEREIN) WILL NOT GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION
		UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR, IN THE CASE OF A
		GOVERNMENTAL PLAN OR OTHER PLAN, A VIOLATION OF ANY SUBSTANTIALLY SIMILAR
		LAW).
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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				  REGISTERED
				

			 	
				
				  $____________________
				

			 
	
				
				  No. R-
				

			 	
				
				  CUSIP NO.__________________
				

			 

 

	 
		GE DEALER FLOORPLAN MASTER NOTE TRUST

	 

	 
		SERIES 2007-2
	 

	 
		 
	 

	 
		CLASS A SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		GE Dealer Floorplan Master Note Trust
		(herein referred to as the “Issuer” or the “Trust”), a
		Delaware statutory trust governed by an Amended and Restated Trust Agreement
		dated as of August 12, 2004, for value received, hereby promises to pay to Cede
		& Co., or registered assigns, subject to the following provisions, the
		principal sum of [  ] DOLLARS ($[________])1, or such
		greater or lesser amount as determined in accordance with the Indenture, on the
		Series 2007-2 Final Maturity Date, except as otherwise provided below or in the
		Indenture. The Issuer will pay interest on the unpaid principal amount of this
		Note at the rate and in the manner set forth in the Indenture Supplement
		referred to herein. Interest on this Note will accrue for each Payment Date
		from and including the most recent Payment Date on which interest has been paid
		to but excluding such Payment Date or, for the initial Payment Date, from and
		including the Closing Date to but excluding such Payment Date. Interest will be
		computed on the basis of a 360-day year and the actual number of days elapsed.
		Principal of this Note shall be paid in the manner specified in the Indenture
		Supplement referred to herein.
	 

	 
		The principal of and interest on this Note
		are payable in such coin or currency of the United States of America as at the
		time of payment is legal tender for payment of public and private debts.

	 

	 
		Unless the certificate of authentication
		hereon has been executed by or on behalf of the Indenture Trustee, by manual
		signature, this Note shall not be entitled to any benefit under the Indenture
		or the Indenture Supplement referred to herein, or be valid for any
		purpose.
	 

	 
		______________
	 

	 
			
				
				  1 
				

			 	
				
				  The aggregate amount of the Class A
				  Notes is equal to the Class A Note Initial Principal Balance. Book-entry notes
				  will be prepared in denominations not to exceed five hundred million dollars
				  ($500,000,000).
				

			 

 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		IN WITNESS WHEREOF, the Issuer has caused
		this Class A Note to be duly executed.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  GE DEALER FLOORPLAN MASTER NOTE
				  
 TRUST, as
				  Issuer
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: THE BANK OF NEW YORK
				  
 (DELAWARE), not in its individual capacity but 
 solely as Trustee
				  on behalf of Issuer
				

			 

 

	 
		 
	 

	 
			
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	

				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				   
				

			 
	
				
				  Dated:
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		INDENTURE TRUSTEE’S CERTIFICATE OF
		AUTHENTICATION
	 

	 
		This is one of the Class A Notes described
		in the within-mentioned Indenture.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE BANK TRUST COMPANY 

				  AMERICAS, as Indenture Trustee
				

			 

 

	 
		 
	 

	 
			
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				   
				

			 
	
				
				  Dated:
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		GE DEALER FLOORPLAN MASTER NOTE TRUST

	 

	 
		SERIES 2007-2 
	 

	 
		CLASS A SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		This Class A Note is one of a duly
		authorized issue of Notes of the Issuer, designated as GE Dealer Floorplan
		Master Note Trust, Series 2007-2 (the “Series 2007-2 Notes”), issued under a Master Indenture dated as of
		August 12, 2004 (as amended, modified or supplemented from time to time, the
		“Master Indenture”), between the Issuer and Deutsche Bank Trust
		Company Americas (successor in interest to Wilmington Trust Company), as
		indenture trustee (the “Indenture
		Trustee”), as supplemented by the
		Series 2007-2 Indenture Supplement dated as of August 2, 2007 (the
		“Indenture
		Supplement”), and representing the
		right to receive certain payments from the Issuer. The term
		“Indenture,” unless the context otherwise requires, refers to the
		Master Indenture as supplemented by the Indenture Supplement. The Notes are
		subject to all of the terms of the Indenture. All terms used in this Note that
		are defined in the Indenture shall have the meanings assigned to them in or
		pursuant to the Indenture. In the event of any conflict or inconsistency
		between the Indenture and this Note, the Indenture shall control.
	 

	 
		The Class B Notes and the Class C Notes will
		also be issued under the Indenture.
	 

	 
		The Noteholder, by its acceptance of this
		Note, agrees that it will look solely to the property of the Issuer allocated
		to the payment of this Note for payment hereunder and that neither the Trustee
		nor the Indenture Trustee is liable to the Noteholders for any amount payable
		under the Notes or the Indenture or, except in the case of the Indenture
		Trustee as expressly provided in the Indenture, subject to any liability under
		the Indenture.
	 

	 
		This Note does not purport to summarize the
		Indenture and reference is made to the Indenture for the interests, rights and
		limitations of rights, benefits, obligations and duties evidenced thereby, and
		the rights, duties and immunities of the Indenture Trustee.
	 

	 
		THIS CLASS A NOTE DOES NOT REPRESENT AN
		OBLIGATION OF CDF FUNDING, INC., GE COMMERCIAL DISTRIBUTION FINANCE
		CORPORATION, GENERAL ELECTRIC CAPITAL CORPORATION, POLARIS ACCEPTANCE,
		BRUNSWICK ACCEPTANCE COMPANY, LLC OR ANY OF THEIR AFFILIATES (OTHER THAN THE
		ISSUER), AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
		CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.
	 

	 
		The Issuer, the Indenture Trustee and any
		agent of the Issuer or the Indenture Trustee shall treat the person in whose
		name this Class A Note is registered as the owner hereof for all purposes, and
		neither the Issuer, the Indenture Trustee nor any agent of the Issuer or the
		Indenture Trustee shall be affected by notice to the contrary.
	 

	 
		THIS CLASS A NOTE AND THE OBLIGATIONS
		ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
		VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		ACCORDANCE WITH, THE INTERNAL LAWS OF THE
		STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
		OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS
		THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		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:
				

			 

 

	 
		______________
	 

	 
			
				
				  **
				

			 	
				
				  The signature to this assignment
				  must correspond with the name of the registered owner as it appears on the face
				  of the within Note in every particular, without alteration, enlargement or any
				  change whatsoever.
				

			 

 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		EXHIBIT A-2
	 

	 
		FORM OF CLASS B SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		UNLESS THIS NOTE 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 NOTE 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.
	 

	 
		THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE
		HEREOF COVENANTS AND AGREES THAT (I) IT WILL NOT AT ANY TIME DIRECTLY OR
		INDIRECTLY INSTITUTE OR CAUSE TO BE INSTITUTED AGAINST THE ISSUER ANY
		BANKRUPTCY, REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDING
		OR OTHER PROCEEDING UNDER ANY FEDERAL OR STATE BANKRUPTCY LAW UNLESS
		NOTEHOLDERS OF NOT LESS THAN SIXTY-SIX AND TWO-THIRDS PERCENT (66 2/3%) OF THE
		OUTSTANDING PRINCIPAL BALANCE OF EACH CLASS OF EACH SERIES HAVE APPROVED SUCH
		FILING; AND (II) IT WILL NOT AT ANY TIME DIRECTLY OR INDIRECTLY INSTITUTE OR
		CAUSE TO BE INSTITUTED AGAINST DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER
		TRUST OR CDF FUNDING, INC. ANY BANKRUPTCY, REORGANIZATION, ARRANGEMENT,
		INSOLVENCY OR LIQUIDATION PROCEEDING OR OTHER PROCEEDING UNDER ANY FEDERAL OR
		STATE BANKRUPTCY LAW IN CONNECTION WITH ANY OBLIGATION RELATING TO THE NOTES,
		THE INDENTURE OR ANY OF THE RELATED DOCUMENTS.
	 

	 
		THE HOLDER OF THIS CLASS B NOTE, BY
		ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN,
		AGREE TO TREAT THE CLASS B NOTES AS INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE,
		AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX
		IMPOSED ON, OR MEASURED BY, INCOME.
	 

	 
		BY ACQUIRING THIS NOTE (OR ANY INTEREST
		HEREIN), EACH PURCHASER AND TRANSFEREE SHALL BE DEEMED TO REPRESENT AND WARRANT
		THAT EITHER (I) IT IS NOT ACQUIRING THE NOTE WITH THE PLAN ASSETS OF (A) AN
		“EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE
		RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) WHICH IS
		SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN SECTION 4975
		OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), (C) AN
		ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS OF THE FOREGOING OR (D) A
		GOVERNMENTAL PLAN OR OTHER PLAN THAT IS SUBJECT TO APPLICABLE LAW THAT IS
		SUBSTANTIALLY SIMILAR TO THE FIDUCIARY RESPONSIBILITY
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		PROVISIONS OF ERISA OR SECTION 4975 OF THE
		CODE OR (II) THE ACQUISITION, HOLDING AND DISPOSITION OF, THIS NOTE (OR ANY
		INTEREST HEREIN) WILL NOT GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION
		UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR, IN THE CASE OF A
		GOVERNMENTAL PLAN OR OTHER PLAN, A VIOLATION OF ANY SUBSTANTIALLY SIMILAR
		LAW).
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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				  REGISTERED
				

			 	
				
				  $____________________
				

			 
	
				
				  No. R-
				

			 	
				
				  CUSIP NO.__________________
				

			 

 

	 
		GE DEALER FLOORPLAN MASTER NOTE TRUST

	 

	 
		SERIES 2007-2
	 

	 
		 
	 

	 
		CLASS B SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		GE Dealer Floorplan Master Note Trust
		(herein referred to as the “Issuer” or the “Trust”), a
		Delaware statutory trust governed by an Amended and Restated Trust Agreement
		dated as of August 12, 2004, for value received, hereby promises to pay to Cede
		& Co., or registered assigns, subject to the following provisions, the
		principal sum of [  ] DOLLARS ($[_________]), or such greater or
		lesser amount as determined in accordance with the Indenture, on the Series
		2007-2 Final Maturity Date, except as otherwise provided below or in the
		Indenture. The Issuer will pay interest on the unpaid principal amount of this
		Note at the rate and the manner set forth in the Indenture Supplement referred
		to herein. Interest on this Note will accrue for each Payment Date from and
		including the most recent Payment Date on which interest has been paid to but
		excluding such Payment Date or, for the initial Payment Date, from and
		including the Closing Date to but excluding such Payment Date. Interest will be
		computed on the basis of a 360-day year and the actual number of days elapsed.
		Principal of this Note shall be paid in the manner specified in the Indenture
		Supplement referred to herein.
	 

	 
		The principal of and interest on this Note
		are payable in such coin or currency of the United States of America as at the
		time of payment is legal tender for payment of public and private debts.

	 

	 
		Unless the certificate of authentication
		hereon has been executed by or on behalf of the Indenture Trustee, by manual
		signature, this Note shall not be entitled to any benefit under the Indenture
		or the Indenture Supplement referred to herein, or be valid for any
		purpose.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		IN WITNESS WHEREOF, the Issuer has caused
		this Class B Note to be duly executed.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  GE DEALER FLOORPLAN MASTER NOTE
				  
 TRUST, as Issuer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  By: THE BANK OF NEW YORK
 (DELAWARE), not in its individual capacity but 
 solely as
				  Trustee on behalf of Issuer
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	

				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				   
				

			 

 

	 
		Dated:
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		INDENTURE TRUSTEE’S CERTIFICATE OF
		AUTHENTICATION
	 

	 
		This is one of the Class B Notes described
		in the within-mentioned Indenture.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE BANK TRUST COMPANY 

				  AMERICAS, as Indenture Trustee
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	

				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				   
				

			 

 

	 
		Dated: 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		GE DEALER FLOORPLAN MASTER NOTE TRUST

	 

	 
		SERIES 2007-2
	 

	 
		 
	 

	 
		CLASS B SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		 
	 

	 
		This Class B Note is one of a duly
		authorized issue of Notes of the Issuer, designated as GE Dealer Floorplan
		Master Note Trust, Series 2007-2 (the “Series 2007-2 Notes”), issued under a Master Indenture dated as of
		August 12, 2004 (as amended, modified or supplemented from time to time, the
		“Master Indenture”), between the Issuer and Deutsche Bank Trust
		Company Americas (successor in interest to Wilmington Trust Company), as
		indenture trustee (the “Indenture
		Trustee”), as supplemented by the
		Series 2007-2 Indenture Supplement dated as of August 2, 2007 (the
		“Indenture
		Supplement”), and representing the
		right to receive certain payments from the Issuer. The term
		“Indenture,” unless the context otherwise requires, refers to the
		Master Indenture as supplemented by the Indenture Supplement. The Notes are
		subject to all of the terms of the Indenture. All terms used in this Note that
		are defined in the Indenture shall have the meanings assigned to them in or
		pursuant to the Indenture. In the event of any conflict or inconsistency
		between the Indenture and this Note, the Indenture shall control.
	 

	 
		The Class A Notes and the Class C Notes will
		also be issued under the Indenture.
	 

	 
		The Noteholder, by its acceptance of this
		Note, agrees that it will look solely to the property of the Issuer allocated
		to the payment of this Note for payment hereunder and that neither the Trustee
		nor the Indenture Trustee is liable to the Noteholders for any amount payable
		under the Notes or the Indenture or, except in the case of the Indenture
		Trustee as expressly provided in the Indenture, subject to any liability under
		the Indenture.
	 

	 
		This Note does not purport to summarize the
		Indenture and reference is made to the Indenture for the interests, rights and
		limitations of rights, benefits, obligations and duties evidenced thereby, and
		the rights, duties and immunities of the Indenture Trustee.
	 

	 
		THIS CLASS B NOTE DOES NOT REPRESENT AN
		OBLIGATION OF CDF FUNDING, INC., GE COMMERCIAL DISTRIBUTION FINANCE
		CORPORATION, GENERAL ELECTRIC CAPITAL CORPORATION, POLARIS ACCEPTANCE,
		BRUNSWICK ACCEPTANCE COMPANY, LLC OR ANY OF THEIR AFFILIATES (OTHER THAN THE
		ISSUER), AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
		CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.
	 

	 
		The Issuer, the Indenture Trustee and any
		agent of the Issuer or the Indenture Trustee shall treat the person in whose
		name this Class B Note is registered as the owner hereof for all purposes, and
		neither the Issuer, the Indenture Trustee nor any agent of the Issuer or the
		Indenture Trustee shall be affected by notice to the contrary.
	 

	 
		THIS CLASS B NOTE AND THE OBLIGATIONS
		ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
		VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN 

	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		ACCORDANCE WITH, THE INTERNAL LAWS OF THE
		STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
		OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS
		THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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		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:
				

			 

 

	 
		______________
	 

	 
			
				
				  **
				

			 	
				
				  The signature to this assignment
				  must correspond with the name of the registered owner as it appears on the face
				  of the within Note in every particular, without alteration, enlargement or any
				  change whatsoever.
				

			 

 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
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				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		EXHIBIT A-3
	 

	 
		FORM OF CLASS C SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		UNLESS THIS NOTE 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 NOTE 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.
	 

	 
		THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE
		HEREOF COVENANTS AND AGREES THAT (I) IT WILL NOT AT ANY TIME DIRECTLY OR
		INDIRECTLY INSTITUTE OR CAUSE TO BE INSTITUTED AGAINST THE ISSUER ANY
		BANKRUPTCY, REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDING
		OR OTHER PROCEEDING UNDER ANY FEDERAL OR STATE BANKRUPTCY LAW UNLESS
		NOTEHOLDERS OF NOT LESS THAN SIXTY-SIX AND TWO-THIRDS PERCENT (66 2/3%) OF THE
		OUTSTANDING PRINCIPAL BALANCE OF EACH CLASS OF EACH SERIES HAVE APPROVED SUCH
		FILING; AND (II) IT WILL NOT AT ANY TIME DIRECTLY OR INDIRECTLY INSTITUTE OR
		CAUSE TO BE INSTITUTED AGAINST DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER
		TRUST OR CDF FUNDING, INC. ANY BANKRUPTCY, REORGANIZATION, ARRANGEMENT,
		INSOLVENCY OR LIQUIDATION PROCEEDING OR OTHER PROCEEDING UNDER ANY FEDERAL OR
		STATE BANKRUPTCY LAW IN CONNECTION WITH ANY OBLIGATION RELATING TO THE NOTES,
		THE INDENTURE OR ANY OF THE RELATED DOCUMENTS.
	 

	 
		THE HOLDER OF THIS CLASS C NOTE, BY
		ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN,
		AGREE TO TREAT THE CLASS C NOTES AS INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE,
		AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX
		IMPOSED ON, OR MEASURED BY, INCOME.
	 

	 
		BY ACQUIRING THIS NOTE (OR ANY INTEREST
		HEREIN), EACH PURCHASER AND TRANSFEREE SHALL BE DEEMED TO REPRESENT AND WARRANT
		THAT EITHER (I) IT IS NOT ACQUIRING THE NOTE WITH THE PLAN ASSETS OF (A) AN
		“EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE
		RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) WHICH IS
		SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN SECTION 4975
		OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), (C) AN
		ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS OF THE FOREGOING OR (D) A
		GOVERNMENTAL PLAN OR OTHER PLAN THAT IS SUBJECT TO APPLICABLE LAW THAT IS
		SUBSTANTIALLY SIMILAR TO THE FIDUCIARY RESPONSIBILITY 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		PROVISIONS OF ERISA OR SECTION 4975 OF THE
		CODE OR (II) THE ACQUISITION, HOLDING AND DISPOSITION OF, THIS NOTE (OR ANY
		INTEREST HEREIN) WILL NOT GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION
		UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR, IN THE CASE OF A
		GOVERNMENTAL PLAN OR OTHER PLAN, A VIOLATION OF ANY SUBSTANTIALLY SIMILAR
		LAW).
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		 
	 

	 
			
				
				  REGISTERED
				

			 	
				
				  $____________________
				

			 
	
				
				  No. R-
				

			 	
				
				  CUSIP NO.__________________
				

			 

 

	 
		GE DEALER FLOORPLAN MASTER NOTE TRUST

	 

	 
		SERIES 2007-2
	 

	 
		 
	 

	 
		CLASS C SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		GE Dealer Floorplan Master Note Trust
		(herein referred to as the “Issuer” or the “Trust”), a
		Delaware statutory trust governed by an Amended and Restated Trust Agreement
		dated as of August 12, 2004, for value received, hereby promises to pay to Cede
		& Co., or registered assigns, subject to the following provisions, the
		principal sum of [  ] DOLLARS ($[_________]), or such greater or
		lesser amount as determined in accordance with the Indenture, on the Series
		2007-2 Final Maturity Date, except as otherwise provided below or in the
		Indenture. The Issuer will pay interest on the unpaid principal amount of this
		Note at the rate and in the manner set forth in the Indenture Supplement
		referred to herein. Interest on this Note will accrue for each Payment Date
		from and including the most recent Payment Date on which interest has been paid
		to but excluding such Payment Date or, for the initial Payment Date, from and
		including the Closing Date to but excluding such Payment Date. Interest will be
		computed on the basis of a 360-day year and the actual number of days elapsed.
		Principal of this Note shall be paid in the manner specified in the Indenture
		Supplement referred to herein.
	 

	 
		The principal of and interest on this Note
		are payable in such coin or currency of the United States of America as at the
		time of payment is legal tender for payment of public and private debts.

	 

	 
		Unless the certificate of authentication
		hereon has been executed by or on behalf of the Indenture Trustee, by manual
		signature, this Note shall not be entitled to any benefit under the Indenture
		or the Indenture Supplement referred to herein, or be valid for any
		purpose.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		IN WITNESS WHEREOF, the Issuer has caused
		this Class C Note to be duly executed.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  GE DEALER FLOORPLAN MASTER NOTE
				  TRUST, as Issuer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  By: THE BANK OF NEW YORK (DELAWARE), not in its individual capacity but solely as Trustee
				  on behalf of Issuer
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	

				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				   
				

			 

 

	 
		Dated: 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		INDENTURE TRUSTEE’S CERTIFICATE OF
		AUTHENTICATION
	 

	 
		This is one of the Class C Notes described
		in the within-mentioned Indenture.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  DEUTSCHE BANK TRUST COMPANY
				  AMERICAS, as Indenture Trustee
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name:
				

			 	

				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title:
				

			 	
				
				   
				

			 

 

	 
		Dated: 
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		GE DEALER FLOORPLAN MASTER NOTE TRUST

	 

	 
		SERIES 2007-2
	 

	 
		 
	 

	 
		CLASS C SERIES 2007-2 ASSET BACKED
		NOTE
	 

	 
		This Class C Note is one of a duly
		authorized issue of Notes of the Issuer, designated as GE Dealer Floorplan
		Master Note Trust, Series 2007-2 (the “Series 2007-2 Notes”), issued under a Master Indenture dated as of
		August 12, 2004 (as amended, modified or supplemented from time to time, the
		“Master Indenture”), between the Issuer and Deutsche Bank Trust
		Company Americas (successor in interest to Wilmington Trust Company), as
		indenture trustee (the “Indenture
		Trustee”), as supplemented by the
		Series 2007-2 Indenture Supplement dated as of August 2, 2007 (the
		“Indenture
		Supplement”), and representing the
		right to receive certain payments from the Issuer. The term
		“Indenture,” unless the context otherwise requires, refers to the
		Master Indenture as supplemented by the Indenture Supplement. The Notes are
		subject to all of the terms of the Indenture. All terms used in this Note that
		are defined in the Indenture shall have the meanings assigned to them in or
		pursuant to the Indenture. In the event of any conflict or inconsistency
		between the Indenture and this Note, the Indenture shall control.
	 

	 
		The Class A Notes and the Class B Notes will
		also be issued under the Indenture.
	 

	 
		The Noteholder, by its acceptance of this
		Note, agrees that it will look solely to the property of the Issuer allocated
		to the payment of this Note for payment hereunder and that neither the Trustee
		nor the Indenture Trustee is liable to the Noteholders for any amount payable
		under the Notes or the Indenture or, except in the case of the Indenture
		Trustee as expressly provided in the Indenture, subject to any liability under
		the Indenture.
	 

	 
		This Note does not purport to summarize the
		Indenture and reference is made to the Indenture for the interests, rights and
		limitations of rights, benefits, obligations and duties evidenced thereby, and
		the rights, duties and immunities of the Indenture Trustee.
	 

	 
		THIS CLASS C NOTE DOES NOT REPRESENT AN
		OBLIGATION OF CDF FUNDING, INC., GE COMMERCIAL DISTRIBUTION FINANCE
		CORPORATION, GENERAL ELECTRIC CAPITAL CORPORATION, POLARIS ACCEPTANCE,
		BRUNSWICK ACCEPTANCE COMPANY, LLC OR ANY OF THEIR AFFILIATES (OTHER THAN THE
		ISSUER), AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
		CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.
	 

	 
		The Issuer, the Indenture Trustee and any
		agent of the Issuer or the Indenture Trustee shall treat the person in whose
		name this Class C Note is registered as the owner hereof for all purposes, and
		neither the Issuer, the Indenture Trustee nor any agent of the Issuer or the
		Indenture Trustee shall be affected by notice to the contrary.
	 

	 
		THIS CLASS C NOTE AND THE OBLIGATIONS
		ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
		VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN 

	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		ACCORDANCE WITH, THE INTERNAL LAWS OF THE
		STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
		OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS
		THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		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:
				

			 

 

	 
		______________
	 

	 
			
				
				  **
				

			 	
				
				  The signature to this assignment
				  must correspond with the name of the registered owner as it appears on the face
				  of the within Note in every particular, without alteration, enlargement or any
				  change whatsoever.
				

			 

 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement
				

			 

 

	  

	 

	 
		 
	 

	 
	 

	 

	 
		EXHIBIT B
	 

	 
		Form of Monthly Servicer’s
		Certificate
	 

	 
		[On file with GECC]
	 

	 
		 
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  2007-2 Indenture
				  Supplement

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