Document:

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                                                                    Exhibit 4(d)

          This Note is a global security and is registered in the name of CEDE &
CO., as nominee of the Depositary, The Depository Trust Company.  Unless and
until this Note is exchanged for Notes in definitive form, this Note may not be
transferred except as a whole by the Depositary or a nominee of the Depositary
to the Depositary or another depositary or by the Depositary or any such nominee
to a successor depositary or a nominee of such successor depositary.

          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 certificate
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

                             Wal-Mart Stores, Inc.

                             5.450% NOTES DUE 2006

Number B-                                                 CUSIP No.: 931142BN2
$                                                         ISIN No.: US931142BN23
                                                          Common Code: 13358966

          WAL-MART STORES, INC., a corporation duly organized and existing under
the laws of the State of Delaware, and any successor corporation pursuant to the
Indenture (herein referred to as the "Company"), for value received, hereby
promises to pay to CEDE & CO. or registered assigns, the principal sum of . on
August 1, 2006 in such coin or currency of the United States of America as at
the time of payment shall be legal tender for the payment of public and private
debts, and to pay interest, computed on the basis of a 360-day year of twelve
30-day months, semi-annually in arrears on August 1 and February 1 of each year,
or if any such day is not a Business Day, on the next succeeding Business Day
(each, an "Interest Payment Date"), commencing on February 1, 2002, on said
principal sum in like coin or currency, at the rate per annum specified in the
title of this Note from July 31, 2001 or from the most recent August 1 or
February 1 to which interest has been paid or duly provided for.  The interest
so payable, and punctually paid or duly provided for, on any Interest Payment
Date will be paid to the person in whose name this Note is registered (the
"holder") at the close of business on the preceding July 15, in the case of an
Interest Payment Date of August 1, and on the preceding January 15, in the case
of an Interest Payment Date of February 1 (each, a "Record Date").
<PAGE>

          Reference is made to the further provisions of this Note set forth on
the succeeding sections hereof.  Such further provisions shall for all purposes
have the same effect as though fully set forth at this place.

          This Note shall not be valid or become obligatory for any purpose
until the certificate of authentication hereon shall have been signed by the
Trustee under the Indenture referred to in Section 1 hereof.

          IN WITNESS WHEREOF, the Company has caused this instrument to be
signed by its Chairman of the Board, its Vice Chairman, its President or one of
its Vice Presidents by manual or facsimile signature under its corporate seal,
attested by its Secretary, one of its Assistant Secretaries, its Treasurer or
one of its Assistant Treasurers by manual or facsimile signature.

                                              Wal-Mart Stores, Inc.

                                              By:_______________________________
                                                 Name:
                                                 Title:

[SEAL]                               Attest:____________________________________
                                                    Name:
                                                    Title:

Dated: July 31, 2001

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the Securities of the series designated herein referred
to in the within-mentioned Indenture.

                                              Bank One Trust Company, NA,
                                               as Trustee

                                     By:________________________________________
                                        Authorized Signatory
<PAGE>

                             Wal-Mart Stores, Inc.

                             5.450% NOTES DUE 2006

          1.   Indenture; Notes. This Note is one of a duly authorized series of
Securities of the Company designated as the "5.450% Notes due 2006" (the
"Notes"), initially issued in an aggregate principal amount of $1,500,000,000 on
July 31, 2001. Such series of Securities has been established pursuant to, and
is one of an indefinite number of series of debt securities of the Company,
issued or issuable under and pursuant to, the Indenture, dated as of July 5,
2001 (the "Indenture"), duly executed and delivered by the Company , Wal-Mart
Cayman (Euro) Finance Co., Wal-Mart Cayman (Canadian) Finance Co. and Wal-Mart
Cayman (Sterling) Finance Co. as Issuers, the Company as Guarantor and Bank One
Trust Company, NA, as Trustee (the "Trustee"), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
rights, limitations of rights, obligations, duties and immunities thereunder of
the Trustee, the Company and the holders of the Notes and of the terms upon
which this Note is, and is to be, authenticated and delivered. The terms,
conditions and provisions of the Notes are those stated in the Indenture, those
made part of the Indenture by reference to the Trust Indenture Act of 1939, as
amended (the "Trust Indenture Act"), and those set forth in this Note. To the
extent that the terms, conditions and other provisions of this Note modify,
supplement or are inconsistent with those of the Indenture, then the terms,
conditions and other provisions of this Note shall govern.

          All capitalized terms which are used but not defined in this Note
shall have the meanings assigned to them in the Indenture.

          The Company may, without the consent of the holders, issue and sell
additional Securities ranking equally with the Notes and otherwise identical in
all respects (except for their date of issue, issue price and the date from
which interest payments thereon shall accrue) so that such additional Securities
shall be consolidated and form a single series with the Notes; provided,
however, that no additional Securities of any existing or new series may be
issued under the Indenture if an Event of Default has occurred and remains
uncured thereunder.

          2.   Ranking. The Notes shall constitute the senior unsecured debt
obligations of the Company and shall rank equally in right of payment among
themselves and with all other existing and future senior, unsecured and
unsubordinated debt obligations of the Company.

          3.   Payment of Overdue Amounts. The Company shall pay interest,
calculated on the basis of a 360-day year of twelve 30-day months, on overdue
principal and overdue installments of interest, if any, from time to time on
demand at the interest rate borne by the Notes to the extent lawful.

          4.   Payment of Additional Amounts; Redemption Upon a Tax Event. (a)
Payment of Additional Amounts. The Company shall pay to the holder of this Note
who is a United States Alien (as defined below) such additional amounts as may
be necessary so that
<PAGE>

every net payment of principal of and interest on this Note to such holder,
after deduction or withholding for or on account of any present or future tax,
assessment or other governmental charge imposed upon such holder by the United
States of America or any taxing authority thereof or therein, will not be less
than the amount provided in the Notes to be then due and payable (such amounts,
the "Additional Amounts"); provided, however, that the Company shall not be
required to make any payment of Additional Amounts for or on account of:

          (i)    any tax, assessment or other governmental charge that would not
     have been imposed but for (A) the existence of any present or former
     connection between such holder, or between a fiduciary, settlor,
     beneficiary of, member or shareholder of, or possessor of a power over,
     such holder, if such holder is an estate, trust, partnership or
     corporation, and the United States including, without limitation, such
     holder, or such fiduciary, settlor, beneficiary, member, shareholder or
     possessor, being or having been a citizen or resident of the United States
     of America or treated as a resident thereof or being or having been engaged
     in trade or business or present in the United States of America, or (B) the
     presentation of this Note for payment on a date more than 30 days after the
     later of (x) the date on which such payment becomes due and payable and (y)
     the date on which payment thereof is duly provided for;

          (ii)   any estate, inheritance, gift, sales, transfer, excise,
     personal property or similar tax, assessment or other governmental charge;

          (iii)  any tax, assessment or other governmental charge imposed by
     reason of such holder's past or present status as a passive foreign
     investment company, a controlled foreign corporation, a personal holding
     company or foreign personal holding company with respect to the United
     States of America, or as a corporation which accumulates earnings to avoid
     United States federal income tax;

          (iv)   any tax, assessment or other governmental charge which is
     payable otherwise than by withholding from payment of principal of or
     interest on this Note;

          (v)    any tax, assessment or other governmental charge required to be
     withheld by any paying agent from any payment of principal of or interest
     on this Note if such payment can be made without withholding by any other
     paying agent;

          (vi)   any tax, assessment or other governmental charge which would
     not have been imposed but for the failure to comply with certification,
     information, documentation or other reporting requirements concerning the
     nationality, residence, identity or connections with the United States of
     America of the holder or beneficial owner of this Note, if such compliance
     is required by statute or by regulation of the United States Treasury
     Department as a precondition to relief or exemption from such tax,
     assessment or other governmental charge;

          (vii)  any tax, assessment or other governmental charge imposed on
     interest received by (A) a 10% shareholder (as defined in Section
     871(h)(3)(B) of the United States Internal Revenue Code of 1986, as amended
     (the "Code"), and the regulations that
<PAGE>

     may be promulgated thereunder) of the Company or (B) a controlled foreign
     corporation with respect to the Company within the meaning of the Code; or

          (viii) any combination of items (i), (ii), (iii), (iv), (v), (vi) and
     (vii) in this Section 4(a);

nor shall any Additional Amounts be paid to any holder who is a fiduciary or
partnership or other than the sole beneficial owner of this Note to the extent
that a beneficiary or settlor with respect to such fiduciary, or a member of
such partnership or a beneficial owner thereof would not have been entitled to
the payment of such Additional Amounts had such beneficiary, settlor, member or
beneficial owner been the holder.

          "United States Alien" means any corporation, partnership, individual
or fiduciary that is, as to the United States of America, a foreign corporation,
a non-resident alien individual who has not made a valid election to be treated
as a United States resident, a non-resident fiduciary of a foreign estate or
trust, or a foreign partnership one or more of the members of which is, as to
the United States of America, a foreign corporation, a non-resident alien
individual or a non-resident fiduciary of a foreign estate or trust.

          (b)  Redemption Upon a Tax Event.  The Notes may be redeemed at the
option of the Company in whole, but not in part, on a date (such date, the "Tax
Redemption Date") to be fixed by the Company on not more than 60 days' and not
less than 30 days' notice, at a redemption price equal to 100% of the principal
amount of the Notes (the "Redemption Price") plus accrued but unpaid interest,
if any, thereon, if the Company determines that as a result of any change in or
amendment to the laws, treaties, regulations or rulings of the United States of
America or any political subdivision or taxing authority thereof, or any
proposed change in such laws, treaties, regulations or rulings, or any change in
the official application, enforcement or interpretation of such laws, treaties,
regulations or rulings, including a holding by a court of competent jurisdiction
in the United States of America, or any other action, other than an action
predicated on laws generally known on or before July 26, 2001 except for
proposals before the U.S. Congress before such date, taken by any taxing
authority or a court of competent jurisdiction in the United States of America,
or the official proposal of any such action, whether or not such action or
proposal was taken or made with respect to the Company, (A) the Company has or
will become obligated to pay Additional Amounts or (B) there is a substantial
possibility that the Company will be required to pay such Additional Amounts.

          Prior to the publication of any notice of redemption pursuant to
Section 15 hereof, the Company shall deliver to the Trustee (1) an Officers'
Certificate stating that the Company is entitled to effect such redemption and
setting forth a statement of facts showing that the conditions precedent to the
rights of the Company to so redeem have occurred and (2) an Opinion of Counsel
to such effect based on such statement of facts.

          If the Company elects to redeem the Notes pursuant to this Section
4(b), then it shall give notice to the holders pursuant to Section 15 hereof.

          The notice of redemption, shall specify the following:
<PAGE>

          (i)    the Tax Redemption Date;

          (ii)   a brief statement to the effect that the Notes are being
     redeemed at the option of the Company pursuant to this Section 4(b) and a
     brief statement of the facts permitting such redemption;

          (iii)  that on the Tax Redemption Date, the Redemption Price, plus
     accrued but unpaid interest on the Notes, if any, will become due and
     payable;

          (iv)   the amount of the Redemption Price and accrued but unpaid
     interest, if any, that will be due and payable on the Notes on the Tax
     Redemption Date;

          (v)    the place or places of payment of the amounts due under clause
     (iv) above;

          (vi)   that payment of the amounts due under clause (iv) above will be
     made upon presentation and surrender of the Notes; and

          (vii)  that, following the redemption of the Notes pursuant to this
     Section 4(b), interest shall cease to accrue thereon.

          The notice of redemption regarding the Notes shall be, at the election
of the Company, given by the Company or, at the Company's request, by the
Trustee in the name and at the expense of the Company.

          On or before the opening of business on any Tax Redemption Date, the
Company shall deposit with the Trustee or with the Paying Agent or, if the
Company is acting as its own paying agent, segregate and hold in trust as
provided in Section 5.03 of the Indenture, an amount of money sufficient to pay
the Redemption Price of, and except if the Tax Redemption Date shall be an
Interest Payment Date, accrued but unpaid interest on, the Notes to be redeemed
on the Tax Redemption Date.

          The notice of redemption having been given as specified above, the
Notes shall, on the Tax Redemption Date, become due and payable at the
Redemption Price, and from and after such date, unless the Company shall default
in the payment of the Redemption Price and accrued but unpaid interest, if any,
the Notes shall cease to bear interest. Upon surrender of the Notes for
redemption in accordance with such notice, the Notes shall be paid by the
Company at the Redemption Price, together with accrued but unpaid interest, if
any, to the Tax Redemption Date.

          If the Notes, having been called for redemption, shall not be so paid
upon surrender thereof for redemption, the Redemption Price shall, until paid,
bear interest from the Tax Redemption Date at the interest rate borne by this
Note.

          5.     Place and Method of Payment.  Subject to the last paragraph
of Section 11 hereof, the Company shall pay principal of and interest on the
Notes at the office or agency of the Paying Agent in the Borough of Manhattan,
The City of New York; provided, however, that
<PAGE>

at the option of the Company, the Company may pay interest by check mailed to
the person entitled thereto at such person's address as it appears on the
Registry for the Notes.

          6.     Defeasance of the Notes. Sections 11.02, 11.03 and 11.04 of the
Indenture shall apply to the Notes.

          7.     No Redemption; Sinking Fund.  The Notes are not redeemable
prior to maturity, other than as set forth in Section 4(b) hereof, and are not
subject to a sinking fund.

          8.     Amendment and Modification.   Article Nine of the Indenture
contains provisions for the amendment or modification of the Indenture and the
Notes without the consent of the holders in certain circumstances and requiring
the consent of holders of not less than a majority in aggregate principal amount
of the Notes and Securities of other series that would be affected in certain
other circumstances.  However, the Indenture requires the consent of each holder
of the Notes and Securities of other series that would be affected for certain
specified amendments or modifications of the Indenture and the Notes.  These
provisions of the Indenture, which provide for, among other things, the
execution of supplemental indentures, are applicable to the Notes.

          9.     Default; Waiver.  If an Event of Default with respect to the
Notes shall occur and be continuing, then either the Trustee or the Holders of
not less than 25% in aggregate principal amount of the Notes of this series then
Outstanding may declare the aggregate principal amount of the Notes of this
series to be immediately due and payable in the manner, with the effect and
subject to the conditions provided in the Indenture.  The Indenture provides
that in the event of such a declaration, the holders of a majority in aggregate
principal amount of all of the Notes of this series then outstanding, voting as
a separate class, in accordance with the provisions of, and in the circumstances
provided by, the Indenture, may rescind and annul the declaration and its
consequences and the related default and its consequences may be waived with
respect to all of the Notes.

          10.    Absolute Obligation. No reference herein to the Indenture and
no provisions of the Notes or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the
principal of and interest on this Note at the place, at the time and in the coin
or currency herein prescribed.

          11.    Form and Denominations; Global Notes; Definitive Notes.  The
Notes are being issued in registered form without coupons in denominations of
$1,000 and multiples of $1,000.  The Notes are being issued in the form of
global notes (each, a "Global Note"), evidencing all or any portion of the Notes
and registered in the name of DTC or its nominee (including their respective
successors) as Depositary under the Indenture.  The Notes shall be issued in
certificated form (each, a "Definitive Note") only in the following limited
circumstances: (1) the Depositary is at any time unwilling or unable to continue
as Depositary and a successor depositary is not appointed by the Company within
90 days after the Company receives such notice or becomes aware of such
ineligibility, (2) the Company delivers to the Trustee a Company Order to the
effect that this Note shall be exchangeable or (3) an Event of Default has
occurred and is continuing with respect to the Notes, in which case this Note
shall be
<PAGE>

exchangeable for Definitive Notes and in an equal aggregate principal amount.
Such Definitive Notes shall be registered in such name or names as the
Depositary shall instruct the Trustee.

          12.    Registration, Transfer and Exchange.  As provided in the
Indenture and subject to certain limitations therein set forth, the Company
shall provide for the registration of the Notes and the transfer and exchange of
the Notes, whether in global or Definitive form.  At the option of the holders,
at any office or agency designated and maintained by the Company for such
purpose (the "Transfer Agent") pursuant to the provisions of the Indenture, and
in the manner and subject to the limitations provided in the Indenture, but
without the payment of any service charge, except for any transfer tax or other
governmental charges imposed in connection therewith subject to Section 4
hereof, the Notes may be transferred or exchanged for an equal aggregate
principal amount of the Notes of like tenor and of other authorized
denominations upon surrender and cancellation of the Notes upon any such
transfer.

          The Company, the Trustee, and any agent of the Company or of the
Trustee may deem and treat the holder as the absolute owner of this Note
(whether or not the Notes shall be overdue and notwithstanding any notation of
ownership or other writing hereon), for the purpose of receiving payments
hereon, or on account hereof, and for all other purposes, and neither the
Company nor the Trustee nor any agent of the Company or of the Trustee shall be
affected by any notice to the contrary.  All such payments made to or upon the
order of such holder shall, to the extent of the amount or amounts paid,
effectually satisfy and discharge liability for moneys payable on this Note.

          Notwithstanding the preceding paragraphs of this Section 12, any
registration of transfer or exchange of a Global Note shall be subject to the
terms of the legend appearing on the initial page thereof.

          13.    No Recourse Against Others.  No recourse under or upon any
obligation, covenant or agreement of the Company arising under or set forth in
the Notes or under the Indenture, or for any claim based thereon or otherwise in
respect thereof, shall be had against any incorporator, stockholder, officer or
director, as such, past, present or future, of the Company or of any successor
corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law or by
the enforcement of any assessment or penalty or otherwise, any and all such
personal liability, either at common law or in equity or by constitution or
statute, of, and any and all such rights and claims against, every such
incorporator, stockholder, officer or director, as such, being, by the
acceptance hereof and as part of the consideration for the issue hereof,
expressly waived and released.

          14.    Appointment of Agents.  Bank One Trust Company, NA is hereby
appointed the Registrar for the purpose of registering the Notes and transfers
and exchanges of the Notes pursuant to the Indenture and this Note, Paying Agent
pursuant to Section 3.04 of the Indenture and Transfer Agent with respect to the
Notes at its offices in the Borough of Manhattan, The City of New York.

          15.    Notices.  If the Company is required to give notice to the
holders of the Notes pursuant to the terms of the Indenture, then it shall do so
by the means and in the manner set forth in Section 1.06 of the Indenture.
<PAGE>

          In addition, the Company shall give notices to the holders of the
Notes by publication in a leading daily newspaper in The City of New York and in
London.  Initially, such publication shall be made in The City of New York in
The Wall Street Journal and in London in the Financial Times.  Any such notice
shall be deemed to have been given on the date of publication or, if published
more than once, on the date of the first publication.

          16.    Separability.  In case any provision of the Indenture or the
Notes shall, for any reason, be held to be invalid, illegal or unenforceable,
then the validity, legality and enforceability of the remaining provisions
thereof and hereof shall not in any way be affected or impaired thereby.

          17.    GOVERNING LAW.  THE NOTES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
<PAGE>

                                ASSIGNMENT FORM

To assign this Note, fill in the form below:
     For the value received, the undersigned hereby assigns and transfers the
within Note, and all rights thereunder, to:

________________________________________________________________________________
                        (Insert assignee's legal name)

________________________________________________________________________________
       (Insert assignee's social security or tax identification number)

________________________________________________________________________________
             (Print or type assignee's name, address and zip code)
________________________________________________________________________________

________________________________________________________________________________

and irrevocably appoint ________________________________________________________

to transfer this Note on the books of Wal-Mart Stores, Inc.  The agent may
substitute another to act for it.

                              Your Signature:___________________________________

                    (Sign exactly as your name appears on the face of this Note)

Date: ___________________

Signature Guarantee

The signature(s) should be Guaranteed by an Eligible Guarantor Institution
pursuant to Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended.

                               *   *   *   *   *

     The following abbreviations, when used in the inscription on the face of
the within Note, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM -  as tenants in common
TEN ENT -  as tenants by the entireties
JT ENT -   as joint tenants with right
           of survivorship and not as
           tenants in common

___________ UNIF GIFT MIN ACT - ______ Custodian ______ under the Uniform Gifts
                                (Cust)           (Minor)
to Minors Act _____
             (State)

Additional abbreviations may also be used although not in the above list.Silicon Valley Bank
                            3003 Tasman Drive/HF 170
                              Santa Clara, CA 95054
                       (408) 654-1000 - Fax (408) 980-6410

        This  NON-RECOURSE  RECEIVABLES  PURCHASE  AGREEMENT (the  "Agreement"),
dated as of June 25,  2001,  is  between  Silicon  Valley  Bank,  ("Buyer')  and
MARIMBA,  INC.,  a DELAWARE  corporation,  ("Seller),  with its chief  executive
office at:

                  Street Address: 440 CLYDE AVENUE
                  City:           MOUNTAIN VIEW
                  County:         SANTA CLARA
                  State:          CALIFORNIA
                  Zip code:       94043
                  Fax:            (650) 930-5605

           1.     Definitions.  In this Agreement:

             1.1     "Payment" is when Buyer has received  payments equal to the
Total Purchased Receivables.

             1.2     "Purchased  Receivables"  is  all  accounts,   receivables,
instruments,  contract rights, documents,  general intangibles,  other rights to
payment and all proceeds  arising from the invoices and other  agreements on the
Schedule.

             1.3     "Schedule" is the attached  schedule showing the:  Purchase
Date, Due Date,  Total  Purchased  Receivables,  Discount Rate,  Purchase Price,
Administrative Fee and any other fees.

           2.     Purchase and Sale of Receivables.

             2.1     Sale and Purchase.  On the Purchase Date,  Seller sells and
Buyer buys Seller's right, title, and interest (but none of Sellers obligations)
to  payment  from  any  person  liable  on  a  Purchased  Receivable,  ("Account
Debtors").

             Each  purchase  and  sale is at Buyer's  and  Seller's  discretion.
Buyer will not (i) pay Seller an aggregate  outstanding  amount  exceeding  FIVE
MILLION  DOLLARS or (ii) buy any Purchased  Receivable  after June 24, 2002 (the
"Maturity  Date").  Each purchase and sale will be on a Schedule form acceptable
to Buyer.

             2.2     Payment of Purchase Price and Late Payment.

                    (a)  Payment  of   Purchase   Price.   For  each   Purchased
Receivable,  Buyer will pay Seller,  on the Purchase Date,  the Purchase  Price,
less the Administrative Fee and reasonable legal fees (if any).

                    (b) Late Payment.  If Payment is made after the Due Date, as
listed on the Schedule,  then on the earlier of Payment or 180 days, Seller will
also pay Buyer the product of the Discount Rate and the average daily balance of
the unpaid Purchased Receivable multiplied by the

<PAGE>

number of days between the due date or the earlier of the date of actual payment
or 180 days after the due date, divided by 360.

             2.3     Seller  may  not sell  or  convey  any  interest in Related
Property without Buyer's prior written  consent.  Seller will sign UCC financing
tatements  and any other  instruments  or  documents  to  evidence,  perfect or
protect Buyer's  interests in the Purchased  Receivables  and Related  Property.
Seller  will  deliver  to Buyer  all  original  instruments,  chattel  paper and
documents about Purchased Receivables and Related Property.

           3.     Collections, Payments and Remittances.

             3.1     Application of Payments.   All  payments for any  Purchased
Receivable, received by Seller or Buyer, are Buyer's property.

             3.2     Collection by Seller.

                    (a) Buyer appoints  Seller its  attorney-in-fact  to receive
payments  and  enforce  its rights  and  designates  Seller  it's  assignee  for
collection.  Seller will use  diligence  and  commercially  reasonable  means to
collect Purchased Receivables. Buyer may revoke these appointments at any time.

                    (b)  Seller  may begin  legal  proceedings  about  Purchased
Receivables in its name (as Buyer's  assignee for collection or enforcement) or,
with Buyer's prior written consent,  in Buyer's name. Seller will not make Buyer
party to any litigation or arbitration without Buyer's written consent.

                    (c) Seller  will hold in trust for and give  Buyer:  (i) all
payments made by Account Debtors,  and (ii) all  instruments,  chattel paper and
other proceeds of the Purchased Receivables.

                    (d)  Unless an Event of  Repurchase  occurs  and  continues,
Seller  will  remit  payments  to Buyer on the last  business  day of each  week
("Seftlement  Date")  starting  the  week  after  the  Purchase  Date.  On  each
Settlement  Date Seller  will  deliver a report  acceptable  to Buyer of account
activity  (including  dates  and  amounts  of  payments)  and  changes  for each
Purchased Receivable.

             3.3     No Obligation to Take Action.   Buyer  has a right,  but no
obligation,  to perform Seller's  obligations or to take action on any Purchased
Receivable (including on defaulted Purchased Receivables).

           4.     Non-Recourse; Repurchase Obligations.

             4.1     Non-Recourse  and  Seller's  Agreement to Repurchase. Buyer
acquires Purchased Receivables without recourse,  except Seller will, at Buyer's
option,  repurchase  from Buyer any Purchased  Receivable  for a purchase  price
equal to the portion of any unpaid Purchased Receivable:

                    (a) For  which  there  has  been  any  breach  of  warranty,
representation or covenant in this Agreement; or

                    (b) For which  the  Account  Debtor  asserts  any  discount,
allowance,  return,  dispute,  defense,  right of  recoupment,  right of return,
warranty claim, or short payment.

                                       2
<PAGE>

             4.2     Payment  to Buyer.  Seller  will pay  Buyer in  immediately
available funds.

           5.     Representations, Warranties and Covenants.

             5.1     Purchased  Receivables - Warranties,   Representations  and
Covenants.  Seller  represents,   warrants  and  covenants  for  each  Purchased
Receivable:

                    (a) It is the owner with legal right to sell,  transfer  and
assign it;

                    (b)  The  correct  amount  is on  the  Schedule  and  is not
disputed;

                    (c) No payment is contingent on any  obligation or contract,
and it has fulfilled all its obligations as of the Purchase Date;

                    (d) It is based on actual sale and  delivery of goods and/or
services rendered, due no later than its Due Date and owing to Seller, it is not
past due or in default, has not been previously sold, assigned,  transferred, or
pledged, and is free of any liens, security interests and encumbrances;

                    (e)  There  are  no  defenses,  offsets,   counterclaims  or
agreements in which the Account Debtor may claim any deduction or discount;

                    (f) It reasonably believes no Account Debtor is insolvent as
defined in the  United  States  Bankruptcy  Code ('US  Code") or the  California
Uniform  Commercial  Code  ("UCC") and no Account  Debtor has filed or had filed
against it a voluntary  or  involuntary  petition for relief under the US Code.;
and-

                    (g) No Account Debtor has objected in writing to payment for
or the quality or quantity of the subject of the Purchased Receivable.

             5.2     Additional Warranties, Representations and Covenants.
Seller represents, warrants and covenants:

                    (a) its name, form of organization,  chief executive office,
and the place  where the records  about all  Purchased  Receivables  are kept is
shown at the beginning of this Agreement and it will give Buyer at least 10 days
prior  written  notice of changes  to its name,  organization,  chief  executive
office or location of records.

                    (b) It has  not  filed a  voluntary  petition  or had  filed
against it an involuntary petition under the US Code and does not anticipate any
filing;

                    (c) If Payment of any Purchased Receivable does not occur by
its Due Date then Seller will provide a written report,  within 1 0 days, of the
reasons for the delay.

           6.     Adjustments.   If  any  Account  Debtor  asserts  a  discount,
allowance, return, offset, defense, warranty claim, or the like (an "Adjustment)
Seller will promptly advise Buyer and, if Buyer does not object Seller will have
90 days to resolve the dispute.

                                       3
<PAGE>

           7.     Indemnification.

                    (a) If any  Account  Debtor  is  released  from any  payment
obligation  for  any  Purchased  Receivable  because  of-  (i)  Seller's  act or
omission; or (ii) any of the documentation about the Purchased Receivables which
results in  termination of any part of the Account  Debtor's  obligation for the
Purchased  Receivables,  then  Seller will pay Buyer the lesser of the amount of
the  Purchased  Receivable  not payable or the unpaid  portion of the  Purchased
Receivable.

                    (b) Seller  indemnifies  and holds Buyer  harmless  from any
taxes 1rom this  transaction  (except Buyer's income taxes) and costs,  expenses
and reasonable attorney fees if Buyer promptly notifies it of any taxes of which
Buyer has notice.

           8.     Repurchase Events.    Any  of  the  following  is an Event of
Repurchase:

                    (a)  Seller  fails to pay  Buyer any  amount  when due under
Section 2.2(b),3.2(c), 3.2(d), 4.1, 7 or 10;

                    (b) An involuntary lien, garnishment, attachment or the like
is issued against or attaches to the Purchased Receivables; and

                    (c) Seller  breaches a  covenant,  agreement,  warranty,  or
representation  in this  Agreement  and  the  breach  is not  cured  to  Buyer's
satisfaction  within 10 days after Buyer gives Seller oral or written notice.  A
breach that cannot be cured is an immediate default.

           9.     Repurchase  Option.  When an Event of Repurchase  occurs Buyer
shall have a right to require Seller to repurchase all of the affected Purchased
Receivables  for a purchase  price equal to the  amount(s)  specified in Section
4.1.  Buyer shall also have all rights and remedies under this Agreement and the
law, including those of a secured party under the UCC, and the right to collect,
dispose of, sell, lease or use all Purchased Receivables and Related Property.

           10.    Fees,  Costs and Expenses.  Promptly on demand Seller will pay
all reasonable  fees,  costs and expenses  (including  attorney and professional
fees) that Buyer  incurs  from (a)  preparing,  negotiating,  administering  and
enforcing  this  Agreement  or any other  agreement  related  hereto,  including
amendments,  waivers or consents,  (b)  litigation  or disputes  relating to the
Purchased Receivables, this Agreement or any other agreement related hereto, (c)
enforcing  rights against  Seller,  (d) protecting or enforcing its title to the
Purchased Receivables or its security interest in the Purchased Receivables, (e)
collecting any amounts due from Seller  hereunder or for a Purchased  Receivable
under a breach of Seller's  representation,  warranty  or  covenant  and (f) any
bankruptcy case or insolvency  proceeding  involving  Seller.  Reimbursement for
fees,  costs,  and expenses through the initial Purchase Date will be limited to
$5,000.00.

           11.    Choice of Law,  Venue and Jury Trial  Waiver.  California  law
governs  this  Agreement.   Seller  and  Buyer  each  submit  to  the  exclusive
jurisdiction of the State and Federal courts in Santa Clara County, California.

SELLER  AND BUYER  EACH WAIVE ITS RIGHT TO A JURY TRIAL FROM ANY CAUSE OF ACTION
RELATED TO AGREEMENT,  INCLUDING CONTRACT,  TORT, BREACH OF DUTY OR OTHER CLAIM.
THIS WAIVER IS A MATERIAL  INDUCEMENT FOR BOTH PARTIES TO

                                       4
<PAGE>

ENTER THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL.

           12.    Notices.  Notices  or  demands  by  either  party  about  this
Agreement  must be in writing and  personally  delivered or sent by an overnight
delivery service, by certified mail postage prepaid return receipt requested, or
by FAX to the addresses below:

         Seller:    Marimba, Inc.
                    440 Clyde Avenue
                    Mountain View, California 94043
                    Attn: Legal Department
                    FAX:  (650) 930-5605

         Buyer:     Silicon Valley Bank
                    3003 Tasman Drive
                    HF 170
                    Santa Clara, CA 95054
                    Attn: Credit Manager
                    FAX: (408) 980-6410

         A party may change notice address by written notice to the other party.

           13.    General Provisions.

             13.1    Successors and Assigns.   This  Agreement  binds and is for
the benefit of successors  and permitted  assigns of each party.  Seller may not
assign this  Agreement  or any rights  under it without  Buyer's  prior  written
consent  which may be granted or  withheld  in  Buyer's  discretion.  Buyer may,
without  the  consent  of  or  notice  to  Seller,  sell,  transfer,   or  grant
participation in any part of Buyer's obligations,  rights or benefits under this
Agreement.

             13.2    Indemnification.    Seller  will indemnify, defend and hold
harmless Buyer and its officers, employees, and agents against: (a) obligations,
demands,  claims, and liabilities asserted by any other party in connection with
the  transactions  contemplated  by this  Agreement;  and (b) losses or expenses
incurred,  or paid by Seller from or consequential to transactions between Buyer
and  Seller  (including  reasonable  attorneys  fees and  expenses),  except for
obligations,  demands, claims,  liabilities,  and losses caused by Buyer's gross
negligence or willful misconduct.

             13.3    Time of Essence.  Time is of the essence for performance of
all obligations in this Agreement.

             13.4    Severability of Provision. Each provision of this Agreement
is severable from every other provision in determining the enforceability of any
provision.

             13.5    Amendments in Writing,  Integration. All amendments to this
Agreement must be in writing.  This Agreement is the entire agreement about this
subject matter and supersedes prior negotiations or agreements.

                                       5
<PAGE>

             13.6    Counterparts.  This Agreement may be executed in any number
of  counterparts  and by  different  parties on separate  counterparts  and when
executed and delivered are one Agreement.

             13.7    Survival.   All  covenants, representations and  warranties
made in this  Agreement  continue in full force while any  Purchased  Receivable
amount remains outstanding.  Seller's indemnification  obligations survive until
all statutes of limitations  for actions that may be brought  against Buyer have
run.

             13.8    Confidential Information.   Buyer  will use the same degree
of care in handling Seller's  confidential  information that it uses for its own
proprietary information,  but may disclose information;  (i) to its subsidiaries
or affiliates in connection with their business with Seller, (ii) to prospective
transferees or purchasers of any interest in the Agreement, (iii) as required by
law, regulation,  subpoena,  or other order, (iv) as required in connection with
an  examination  or audit and (v) as it  considers  appropriate  exercising  the
remedies  under  this  Agreement.  Confidential  information  does  not  include
information  that is either:  (a) in the public domain or in Buyer's  possession
when disclosed without an obligation of confidentiality,  or becomes part of the
public domain after  disclosure to Buyer at no fault of buyer;  or (b) disclosed
to Buyer by a third  party,  if Buyer  does  not know  that the  third  party is
prohibited from disclosing the information.

SELLER:      MARIMBA, INC.,
             a DELAWARE corporation

By           /s/ Ken Owyang

Title        CFO

BUYER:       SILICON VALLEY BANK

By           /s/ Lee Shodiss

Title        Sr. Vice President

                                       6
<PAGE>

                                 SCHEDULE DATED_________

                                       TO
                   NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT
                            DATED AS OF June 28.2001

Seller:         Marimba, Inc.

Buyer:          Specialty Finance Division, a division of Silicon Valley Bank

Purchase Date:

Due Date:

Total Purchased

Receivables:

Discount Rate:      _______%

Purchase Price:     $_______  (is_____% of the Total Purchased Receivables which
                    Is the Straight Discount of the Total Purchased  Receivables
                    discounted  from  the Due Date to the  Purchase  Date at the
                    Discount Rate).

Administrative Fee: 0.15% for Domestic Receivables
                    0.25% for Domestic Invoices  with  discount  periods greater
                          then 90-days.
                    0.35% for Foreign  Receivables
                    0.45% for Foreign  Invoices  with  discount  periods greater
                          then 90 days.

Seller  warrants and represents that (a) its warranties and  representations  in
the  Agreement  are true and correct as of the date of this  Schedule and (b) no
Event of Repurchase has occurred under the Agreement.

Seller:          Marimba, Inc.

By:

Title:

BUYER:          SPECIALTY FINANCE DIVISION,
                A division of Silicon Valley Bank

By:

Title:

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