Document:

<Page>

                                                                  Exhibit 10.12

                                 LEASE AGREEMENT

                                ATLANTA, GEORGIA

                             THE PROSCENIUM BUILDING

LANDLORD:         PROSCENIUM, L.L.C.
TENANT:           THE WILLIAM CARTER COMPANY
SUITE:            1000
SQ. FT.:          60,000 RENTABLE SQUARE FEET
TERM:             ONE HUNDRED TWENTY (120) MONTHS

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                                TABLE OF CONTENTS

<Table>
<Caption>

                                                                         PAGE
<S>                                                                      <C>
1. PREMISES AND TERM........................................................1

2. RENT ....................................................................2

3. OPERATING COSTS..........................................................2

4. DELIVERY OF THE PREMISES.................................................5

5. ACCEPTANCE OF THE PREMISES...............................................6

6. USE .....................................................................6

7. TENANT'S CARE OF THE PREMISES............................................6

8. SERVICES.................................................................7

9. DESTRUCTION OR DAMAGE TO PREMISES........................................9

10. DEFAULT BY TENANT; LANDLORD'S REMEDIES..................................9

11. ASSIGNMENT AND SUBLETTING..............................................11

12. CONDEMNATION...........................................................12

13. INSPECTIONS............................................................13

14. SUBORDINATION..........................................................13

15. INDEMNIFICATION AND HOLD HARMLESS......................................14

16. TENANT'S INSURANCE.....................................................14

17. REMEDIES CUMULATIVE....................................................14

18. ENTIRE AGREEMENT - NO WAIVER...........................................15

19. HOLDING OVER...........................................................15

20. HEADINGS...............................................................15

21. NOTICES................................................................15

22. HEIRS, SUCCESSORS, AND ASSIGNS - PARTIES...............................15

                                        i

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23. ATTORNEY'S FEES........................................................16

24. TIME OF ESSENCE........................................................16

25. NO ESTATE IN LAND......................................................16

26. SECURITY DEPOSIT.......................................................16

27. PARKING ARRANGEMENTS...................................................16

28. RULES AND REGULATIONS..................................................16

29. RIGHT TO RELOCATE......................................................17

30. LATE PAYMENTS..........................................................17

31. ESTOPPEL CERTIFICATE...................................................17

32. SEVERABILITY AND INTERPRETATION........................................17

33. MULTIPLE TENANTS.......................................................17

34. FORCE MAJEURE..........................................................17

35. QUIET ENJOYMENT........................................................18

36. BROKERAGE COMMISSION; INDEMNITY........................................18

37. EXCULPATION OF LANDLORD................................................18

38. ORIGINAL INSTRUMENT....................................................18

39. GEORGIA LAW............................................................18

40. NO RECORDATION OF LEASE................................................18

41. HAZARDOUS WASTES.......................................................18

42. LEASE BINDING UPON DELIVERY............................................19

43. SPECIAL STIPULATIONS...................................................19

         Signature Page....................................................19

</Table>

                                        ii

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Exhibit "A" - Intentionally Deleted

Exhibit "B" - Location of Premises Within Building

Exhibit "C" - Description of the Property

Exhibit "D" - Work Letter

Exhibit "E" - Acceptance of Premises Form

Exhibit "F" - Rules and Regulations

Exhibit "G" - Special Stipulations

Exhibit "H" - Form of Subordination, Non-Disturbance and Attornment Agreements

                                        iii

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                                   DEFINITIONS

<Table>
<Caption>

DEFINED TERM                                                                    PARAGRAPH
<S>                                                                             <C>
ADA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Exhibit "D"
Additional Electrical Equipment  . . . . . . . . . . . . . . . . . . . . . . . .8(b)(iv)
Adjusted Monthly Rental  . . . . . . . . . . . . . . . . . . . . . . . . . . . .2(c)
Building  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(a)
Change Order Effect Notice . . . . . . . . . . . . . . . . . . . . . . . . . . .Exhibit "D"
Contractor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Exhibit "D"
Commencement Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(b)
Design Fee Allowance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exhibit "D"
TC Atlanta, Inc. .  .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37
Initial Operating Costs  . . . . . . . . . . . . . . . . . . . . . . . . . . . .3(a)
Landlord  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Caption
Lease.   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Caption
Lease Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1(c)
Monthly Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2(a)
Mortgagee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14(a)
Operating Costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3(b)
Premises    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(a)
Property  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(d) and Exhibit "C"
Rent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2(f)
Rules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 and Exhibit "F"
Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37
Shared Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8(e)
Tenant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Caption
Tenant Delay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Exhibit "D"
Tenant Improvement Construction Documents . . . . . . . . . . . . . . . . . . . Exhibit "D"
Tenant Improvement Costs   . . . . . . . . . . . . . . . . . . . . . . . . . . .Exhibit "D"
Tenant's Share   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3(c)
Term.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1(b)

</Table>

                                        iv

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                                 LEASE AGREEMENT

         THIS LEASE AGREEMENT (the "Lease"), made this day of February, 2001,
by and between PROSCENIUM, L.L.C. ("Landlord"), which has as its address for
all purposes hereunder as follows:

                  c/o TC Atlanta, Inc.
                  Five Concourse Parkway
                  Suite 1600
                  Atlanta, Georgia  30328-6111

and THE WILLIAM CARTER COMPANY ("Tenant"), a corporation of the State of
Massachusetts, which has as its address:

                  1170 Peachtree Street
                  Suite 1000
                  Atlanta, GA  30309

                                   WITNESSETH:

         1.       PREMISES AND TERM

                  (a) Landlord hereby rents and leases to Tenant, and Tenant
hereby rents and leases from Landlord, the following described space (the
"Premises"):

                  Floor:   The entire 9th and 10th floors, and a portion of
                           the 8th floor of the Building
                  Suite:
                  Rentable Square Feet:     60,000
                  Usable Square Feet:
                                            ----------------
                  Total Building Rentable Area:      527,523

located at the Proscenium Building (the "Building"), at 1170 Peachtree Street.

                  (b) The Premises shall be located in that portion of the
Building shown on EXHIBIT "B", attached hereto and by this reference
incorporated herein. The Premises shall consist of all of the 9th floor of
the Building (consisting of 25,393 rentable square feet); all of the 10th
floor of the Building (consisting of 25, 393 rentable square feet), and 9,214
rentable square feet on the 8th floor of the Building (which shall be
determined by selecting an area which will have a number of usable square
which, when multiplied by a factor of 1.16, will equal 9,214). The rentable
square feet on the 8th floor of the Building shall be in a configuration and
exact location as Landlord and Tenant agree, in their respective reasonable
judgment. The term of this Lease (the "Term") shall commence, subject to the
provisions of Paragraph 4 herein, on the 1st day of October, 2001 (the
"Commencement Date"), and end at midnight on the 30th day of September, 2011,
unless sooner terminated as herein provided, whether Tenant actually has
occupied the Premises (or any portion thereof) before or after said date.
This Lease shall be effective and enforceable upon its execution and
delivery. If Tenant does occupy the Premises prior to the Commencement Date,
then Tenant may do so without the obligation to pay Monthly Rental. Tenant's
occupancy of the Premises shall, in such event, be otherwise subject to the
terms and conditions of this Lease.

                  (c) "Lease Year" as used herein shall mean (i) each and
every twelve (12) month period during the Term of this Lease, or (ii) in the
event of Lease expiration or termination, the period between the last twelve
(12) month period and said expiration or termination. The first such twelve
(12) month period shall commence on the Commencement Date.

                  (d) The Building and the land upon which said Building is
located (which includes certain parking facilities serving the Building),
more particularly described on EXHIBIT "C", attached hereto and by this
reference incorporated herein, is herein referred to as the "Property".

                  (e) The Premises shall include the appurtenant right to use,
in common with others, public lobbies, entrances, stairs, corridors, elevators,
and other public portions of the Building. All the windows and outside walls of
the Premises, and any space in the Premises used for shafts, pipes,

                                      1
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conduits, ducts, telephone ducts and equipment, electric or other utilities,
sinks or other Building facilities, and the use thereof and access thereto
through the Premises for the purposes of operation, maintenance, inspection,
display and repairs are hereby reserved to Landlord. No easement for light,
air or view is granted or implied hereunder, and the reduction or elimination
of Tenant's light, air or view will not affect this Lease.

         2.       RENT

                  (a) Tenant shall pay to Landlord at the lockbox address of
"Proscenium LLC, P.O. Box 116494, Atlanta, GA 30368-6494", or at such other
place Landlord designates, without demand, deduction or setoff, an annual
rental, due and payable in equal monthly installments (the "Monthly Rental") in
advance on the first (1st) day of each calendar month during the Term, as
follows:

<Table>
<Caption>
                                                   Base Rental (per
                                                 rentable square foot        Annual                 Monthly
                       Period                         Per Annum)           Base Rental            Base Rental
                       ------                         ----------           -----------            -----------
<S>                                              <C>                      <C>                     <C>
     October 1, 2001 - September 30, 2002               $27.25            $1,635,000.00            $136,250.00
     October 1, 2002 - September 30, 2003               $27.80            $1,667,850.00            $138,987.50
     October 1, 2003 - September 30, 2004              $28.366            $1,701,686.00            $141,807.17
     October 1, 2004 - September 30, 2005              $28.994            $1,736,537.00            $144,711.42
     October 1, 2005 - September 30, 2006              $29.554            $1,772.432.00            $147,702.67
     October 1, 2006 - September 30, 2007              $30.146            $1,809,405.00            $150,783.75
     October 1, 2007 - September 30, 2008              $30.779            $1,847,487.00            $153,957.25
     October 1, 2008 - September 30, 2009              $31.445            $1,886,712.00            $157,226.00
     October 1, 2009 - September 30, 2010              $32.212            $1,927,113.00            $160,592.75
     October 1, 2010 - September 30, 2011              $32.881            $1,968,726.00            $164,060.50
</Table>

         Tenant shall pay the first month of Monthly Rental upon the
execution and delivery of this Lease (with said amount to be applied against
the Monthly Rental first due under the Lease). Notwithstanding the above, no
Monthly Rental shall be due for the 9,214 rentable square feet on the 8th
floor only, until March 1, 2002.

                  (b) If the Term commences at any time other than the first
day of a month or terminates at any time other than the last day of a month,
the amount of Rent due from Tenant shall be proportionately adjusted based on
that portion of the month that this Lease is in effect.

                  (c) The term "Rent", used herein, shall mean Monthly
Rental, "Tenant's Share" of "Operating Costs" (as those terms are defined
herein) and other amounts due of Tenant hereunder.

                  (d) At all times that Landlord shall direct Tenant to pay
Rent to a "lockbox" or other depository whereby checks issued in payment of
Rent are initially cashed or deposited by a person or entity other than
Landlord (albeit on Landlord's authority), then, for any and all purposes
under this Lease; (i) Landlord shall not be deemed to have accepted such
payment until ten (10) days after the date on which Landlord shall have
actually received such funds, and (ii) Landlord shall be deemed to have
accepted such payment if (and only if) within said ten (10) day period,
Landlord shall not have refunded (or attempted to refund) such payment to
Tenant. Nothing contained in the immediately preceding sentence shall be
construed to place Tenant in default of Tenant's obligation to pay Rent if
and for so long as Tenant shall timely pay the Rent required pursuant to this
Lease in the manner designated by Landlord.

         3.       OPERATING COSTS

                  (a) Tenant hereby covenants and agrees and shall be
obligated to pay to Landlord, in addition to and not in lieu of the other
amounts specified herein, the "Operating Costs," as hereinafter defined, of
repairing, maintaining, owning and operating the Building and Property, in
excess of the "Initial Operating Costs" (as that term is herein defined).
These payments shall be in addition to and not in lieu of any other payments
due from Tenant hereunder. The "Initial Operating Costs" shall be, for the
purposes of this Lease, $9.00 per rentable square foot, per annum, which
amount is Landlord's projected and estimated Operating Costs for the
Building, for calendar year 2001, at a 95% occupancy level.

                                        2
<Page>

                  (b) The term "Operating Costs", as adjusted pursuant to the
terms of this Lease, shall mean any and all operating expenses of the
Property, Building and related areas (such as, by way of illustration but not
limitation, the operation and maintenance expenses of the parking areas, but
not the operation and maintenance expenses of the parking areas associated
and incurred for the production of parking revenue for Landlord), computed on
an accrual basis and including all expenses, costs, and disbursements of
every kind and nature, which Landlord (i) shall pay; and/or (ii) become
obligated to pay, including, but not limited to, the following:

                  (i)      Costs, wages and salaries of all persons at or below
                           the level of "Building Manager" (or the equivalent
                           position and level of responsibility, even though a
                           different title is used), engaged in the management,
                           operation, repair, security or maintenance of the
                           Property and Building, including, but not limited to,
                           fringe benefits, taxes, insurance and any other
                           benefits relating thereto;

              (ii)         All supplies and materials used in the operation and
                           maintenance of the Property and Building;

              (iii)        Cost of water, sewage, electricity and other
                           utilities furnished in connection with the operation
                           of the Building;

              (iv)         Cost of all service agreements and maintenance for
                           the Property and Building and the equipment therein,
                           including, but not limited to, trash removal,
                           security services, alarm services, window cleaning,
                           janitorial service, HVAC maintenance, elevator
                           maintenance, and grounds maintenance;

               (v)         Cost of all insurance relating to the Property and
                           Building including, but not limited to, the cost of
                           casualty and liability insurance applicable to the
                           Property and Building and Landlord's personal
                           property used in connection therewith;

              (vi)         All taxes (ad valorem and otherwise), assessments,
                           and governmental charges whether federal, state,
                           county, or municipal, and whether by taxing districts
                           or authorities presently taxing the Property and
                           Building or by others, subsequently created or
                           otherwise, and any other taxes (other than federal
                           and state income taxes), and assessments attributable
                           to the Property and Building or its operation and any
                           reasonable consultants fees incurred with respect to
                           issues or concerns involving the taxes or the
                           Building, the Property, or both;

             (vii)         Cost of repairs and general maintenance of the
                           interior and exterior of the Property and Building
                           (including, but not limited to, light bulbs and glass
                           breakage; the redecorating, repainting, recarpeting
                           and other such work of any common areas; heating,
                           ventilation and air conditioning equipment; plumbing
                           and electrical equipment; and elevators), parking
                           areas, and landscaping;

            (viii)         A management fee and other expenses incurred for the
                           general operation and management of the Property and
                           Building, not in excess of the market rate for such,
                           given the level and quality of the services provided;

              (ix)         An amortization cost due to any capital expenditures
                           incurred (i) which have the effect of reducing or
                           limiting Operating Costs of the Property and
                           Building, if such reduction or limitation inures to
                           Tenant's benefit (but only to the extent and in the
                           amount that such Operating Costs of the Property and
                           Building are reduced); (ii) which may be required by
                           governmental authority or by Landlord's insurance
                           carrier; or (iii) which are designed to protect or
                           enhance the health, safety or welfare of the tenants
                           in the Building or their invitees. Amortization costs
                           hereunder shall be over a useful life for the item in
                           question which is acceptable under generally accepted
                           accounting principals, consistently applied.

               (x)         legal and accounting fees and expenses;

              (xi)         anything which could be classified as an Operating
                           Cost under generally accepted accounting principles,
                           consistently applied, but not specified or expressly
                           set forth hereunder.

                                        3

<Page>
Excluded from "Operating Costs" are:

                  (i)      Capital items (except those expenditures referred to
                           above);

                  (ii)     Leasing commissions;

                  (iii)    Specific costs billed to and paid by specific tenants
                           or other third parties;

                  (iv)     Depreciation;

                  (v)      Principal, interest, and other costs directly related
                           to financing the Building;

                  (vi)     The cost of any repairs or general maintenance paid
                           by the proceeds of insurance policies carried by
                           Landlord on the Property and Building;

                  (vii)    Marketing, promotional and design expenses involved
                           in the leasing of the Property;

                  (viii)   Executive salaries.

                  (c) The term "Tenant's Share" shall mean the proportion that
the Square Feet in the Premises bears to ninety-five percent (95%) of the Total
Building Rentable Area, or the average percentage of the Total Building Rentable
Area actually leased in the Building for any calendar year, if such average is
greater than ninety-five percent (95%) of the Total Building Rentable Area. The
average shall be determined by adding together the total leased space on the
last day of each month during the calendar year in question and dividing by
twelve (12). Tenant's Share is used in this Lease to determine the portion of
Operating Costs payable by Tenant, on a per square foot per annum basis.
Notwithstanding anything to the contrary contained herein, if the Building is
not fully occupied during any calendar year, appropriate adjustments shall be
made to determine Operating Costs as though the Building had been fully occupied
in such calendar year for the entire calendar year. The projected Operating
Costs for 2001 for the Building, assuming a 95% occupancy, is as follows:

<Table>
<S>                                                      <C>                               <C>
Cleaning                                                 $0.95                               $532,796.00
Repair & Maintenance                                     $1.15                               $643,576.00
Utilities                                                $1.56                               $870,410.00
Roads & Grounds                                          $0.08                               $47,477.00
Security                                                 $0.46                               $258,485.00
Taxes                                                    $3.25                              $1,714,443.00
Insurance                                                $0.10                               $52,752.00
Administration                                           $0.66                               $369,265.00
Management Fee                                           $0.78                               $437,842.00
                                                                                              ----------

TOTAL OPERATING EXPENSES                                 $9.00                              $4,927,046.00
</Table>

                  (d) On January 15 of each calendar year after the calendar
year in which this Lease is executed (or as soon thereafter as practical),
Landlord shall provide Tenant with the projected Operating Costs for such
current calendar year, and Tenant shall thereafter pay Tenant's Share of
projected Operating Costs for operating the Property and Building in excess
of the Initial Operating Costs. Such projected Operating Costs in excess of
the Initial Operating Costs shall be payable in advance on a monthly basis by
paying one-twelfth (1/12th) of such amount during each month of such
respective calendar year. If Landlord has not furnished Tenant such
comparison by January 15, Tenant shall continue to pay on the basis of the
prior year's estimate until the month after such comparison is given.
Landlord shall, within one hundred twenty (120) days (or as soon thereafter
as practical) after each calendar year during the Term provide Tenant an
unaudited statement of such year's actual Operating Costs. If actual
Operating Costs are greater than projected Operating Costs, Tenant shall pay
Landlord, within thirty (30) days of such statement's receipt, Tenant's Share
of the difference thereof. If such year's projected Operating Costs are
greater than the actual Operating Costs, Landlord shall credit Tenant, within
thirty (30) days of such statement issuance, Tenant's Share of the difference
between projected Operating Costs and actual Operating Costs.

                                        4
<Page>
                  (e) If this Lease commences at any time other than the
first day of a calendar year or terminates at any time other than the last
day of a calendar year the amount of Operating Costs due from Tenant shall be
proportionately adjusted based on that portion of the year that this Lease
was in effect.

                  (f) For any calendar year during the Term, if in excess of
95% of the rentable square feet in the Building are leased under space
leases, Operating Costs shall be allocated over such higher percentage
occupancy.

                  (g) Tenant's payments of Operating Costs shall not be
deemed payments of base rental under any governmental wage and price controls
or analogous governmental actions affecting the amount of Rent which Landlord
may charge Tenant for the Premises.

                  (h) Notwithstanding the terms and conditions of Paragraph 3
of this Lease, except as described below, in no event shall Tenant be
obligated to pay Tenant's share of Operating Costs for any year to the extent
the same exceed one hundred five percent (105%) of Operating Costs for the
prior year; provided, however, and notwithstanding the above limitation, that
for the purposes of determining whether or not the aforesaid limit on
increases in Tenant's Share of Operating Costs from year to year is exceeded
or not, the components of Operating Costs related to taxes and assessments
attributable to the Property or Building or its operation, utilities costs to
the Building, Property or Premises, costs arising out of or in connection
with new or revised governmental regulations and insurance premiums related
to or payable in connection with the Building, Property or Premises shall not
be considered or factored in to such determination, and there shall be no
limit on the amounts of Operating Costs related to such taxes, utilities,
governmental regulations and insurance premiums for the Building, Property or
Premises that can be passed on by Landlord to Tenant or that shall be due of
Tenant at any time and from year to year, except as otherwise expressly
provided for in this Lease.

                  (i) (i) Landlord agrees to keep books and records showing
Operating Costs in accordance with a sound system of accounts and accounting
practices. Tenant or its representative (which shall be a reputable
accounting firm or other firm not compensated on a contingency basis) shall
have the right to examine Landlord's books and records showing Operating
Costs upon reasonable prior notice and during normal business hours at any
time within ninety (90) days following the furnishing by Landlord to Tenant
of any final invoice or reconciliation statement for any given year. Any
information obtained by Tenant and its auditors and examiners from such
examination will be treated as confidential unless and until such information
has been publicly disclosed by Landlord, and Tenant shall execute and cause
its outside auditor or examiner to execute such confidentiality agreement as
Landlord shall request, to reflect and effectuate the confidentiality
provisions of this Paragraph. However, nothing herein contained shall limit
or impair the right or obligation of Tenant to disclose such information when
required by law or to appropriate regulatory authorities having jurisdiction
over its affairs, or to use the same in connection with the enforcement of
the terms and conditions of this Lease. Unless Tenant takes written exception
to any item within ninety (90) days after the furnishing of Landlord's
invoice or statements, then such invoices or statements shall be considered
as final and accepted by Tenant.

                  (ii) Tenant shall furnish Landlord with a copy of all
information and material generated for or on behalf of Tenant with respect to
such audit, whether or not Tenant disputes the calculations or charges from
Landlord. If Tenant does dispute such charges, then Tenant shall submit to
Landlord, as a part of the notice of such dispute, a description of the
dispute, with reference to the differences found by Tenant. Such statement
shall be certified as true, correct and accurate by the auditor or examiner
making such findings.

         4.       DELIVERY OF THE PREMISES

                  Landlord shall deliver possession of the Premises to Tenant,
so that the improvements Landlord shall deliver possession of the Premises to
Tenant, with the improvements to be constructed pursuant to EXHIBIT "D",
attached hereto and by this reference incorporated herein, substantially
complete on the Commencement Date. If Landlord for any reason whatsoever cannot
deliver possession of the Premises, with the improvements to be constructed
pursuant to EXHIBIT "D" substantially complete to Tenant at the Commencement
Date, this Lease shall not be void or voidable, nor shall Landlord be liable to
Tenant for any loss or damage resulting therefrom. If the delay is not

                                        5
<Page>

due to any of the reasons set forth in Article 3 of EXHIBIT "D", Monthly
Rental shall be waived for the period between the Commencement Date and the
date which Landlord delivers possession of the Premises to Tenant. If the
delay is due to any of said reasons in Article 3 of EXHIBIT "D", Monthly
Rental shall commence as of the Commencement Date.

         5.       ACCEPTANCE OF THE PREMISES

                  The taking of possession of the Premises by Tenant shall be
conclusive evidence that Tenant accepts the same "as is" and that said
Premises and the Building were in good and satisfactory condition for the use
intended at the time such possession was taken, subject to "punch-list" items
which must be remedied promptly after Tenant's acceptance of the Premises, at
no additional out of pocket cost to Tenant. Tenant shall execute and deliver
an "Acceptance of Premises" agreement upon the taking of possession of the
Premises, in the form attached as EXHIBIT "E", by this reference incorporated
herein.

         6.       USE

                  Tenant shall use the Premises only for professional,
executive office purposes, including the display and inspection (but not
retail sale to the general public) of Tenant's products. Tenant shall not use
the Premises as an executive suites service or operation. The occupancy rate
of the Premises shall in no event be more than one (1) person per 200
rentable square feet within said Premises. Tenant's use of the Premises shall
not violate any ordinance, law or regulation of any governmental body or the
"Rules and Regulations" of Landlord (the "Rules") as set forth in EXHIBIT "F"
attached hereto and made a part hereof, or cause an unreasonable amount of
use of any of the services provided in the Building. Tenant shall conduct its
business in the manner and according to the generally accepted business
principles of the business or profession in which Tenant is engaged.

         7.       TENANT'S CARE OF THE PREMISES

                  (a) Tenant will maintain the Premises and the fixtures and
appurtenances therein in a first-class condition, and will not commit or
permit waste therein. Any repair work, maintenance and any alterations
permitted by Landlord in the Premises (i) shall be done at Tenant's sole cost
and expense; (ii) shall be done by Landlord's employees or agents or, with
Landlord's reasonable consent, by persons requested by Tenant; and (iii)
shall first be consented to by Landlord, such consent not to be unreasonably
withheld or delayed; provided, however, Tenant shall be entitled to perform
work within the Premises, with notice to, but not the consent of, Landlord as
long as (i) the cost of such work does not exceed, in the aggregate,
$5,000.00; (b) such work does not adversely affect the structural components
of the Building or the Building's systems; (c) such work is not visible from
the exterior of the Premises; (d) the terms and conditions of this Lease are
otherwise complied with; and (e) Tenant delivers to Landlord, upon the
completion of such work, complete, as-built plans and specifications for the
work performed. Tenant shall, at Tenant's expense, but under the direction of
Landlord and performed by Landlord's employees or agents, or with Landlord's
consent, by persons requested by Tenant and consented to by Landlord,
promptly repair any injury or damage to the Premises or Building caused by
the misuse or neglect thereof by Tenant, by Tenant's contractors,
sub-contractors, customers, employees, licensees, agents, or invitees. Tenant
shall also be responsible for moving all wires and cables installed by Tenant
in the Premises and other portions of the Building to serve Tenant's
telecommunication and computer systems in the Premises, and the removal of
such wires and cables shall be effected by Tenant without damage to the
Building and without interference with the business or operations of Landlord
or any other tenant of the Building.

                  (b) Tenant will not, without Landlord's prior consent, such
consent not to be unreasonably withheld or delayed, make alterations,
additions or improvements (including, but not limited to, structural
alterations, additions or improvements) in or about the Premises and will not
do anything to or on the Premises which will increase the rate of insurance
on the Building or the Property. All alterations, additions or improvements
of a permanent nature made or installed by Tenant to the Premises shall
become the property of Landlord at the expiration or early termination of
this Lease. Landlord reserves the right to require Tenant to remove any
improvements or additions made to the Premises by Tenant and to repair and
restore the Premises to their condition prior to such alteration, addition or
improvement, reasonable wear and tear, unrepaired casualty and condemnation
excepted; provided, however, Tenant shall not be required to remove any items
from the Premises at the end of the Term which would be generally considered
as normal office improvements, and with respect to other improvements, unless
Landlord, as a part of any consent required of Landlord for

                                        6

<Page>

work being performed by Tenant in the Premises, gives notice to Tenant, as a
part of such consent, that such work must be removed by Tenant at the end of
the Term.

                  (c) No later than the last day of the Term, Tenant will remove
Tenant's personal property and repair injury done by or in connection with
installation or removal of said property and surrender the Premises (together
with all keys, access cards or entrance passes to the Premises and/or the
Building) in as good a condition at the beginning of the Term, reasonable wear
and tear, unrepaired casualty and condemnation excepted. Any wires and wiring
installed by or on behalf of Tenant within any riser of the Building shall be
bundled together within such riser and a tag shall be placed on such bundle at
each floor of the Building identifying the nature of each wire within the bundle
and the name and telephone number of a representative of Tenant to contact in
the case of an emergency. All property of Tenant remaining in the Premises after
expiration or early termination of the Term shall be deemed conclusively
abandoned and may be removed by Landlord, and Tenant shall reimburse Landlord
for the cost of removing the same, subject however, to Landlord's right to
require Tenant to remove any improvements or additions made to the Premises by
Tenant pursuant to the preceding Paragraph.

                  (d) In doing any work on the installation of Tenant's
furnishings, fixtures, or equipment in the Premises, Tenant will use only
contractors or workers consented to by Landlord, in Landlord's reasonable
judgement, prior to the time such work is commenced. Landlord may condition its
consent upon its receipt from such contractors or workers of acceptable (i) lien
waivers; and (ii) evidence of liability and personal property insurance coverage
in amounts and with insurance carriers satisfactory to Landlord. Tenant shall
promptly remove any lien or claim of lien for material or labor claimed against
the Premises or Building, or both, by such contractors or workers if such claim
should arise, and hereby indemnifies and holds Landlord harmless from and
against any and all loss, cost, damage, expense or liabilities including, but
not limited to, attorney's fees, incurred by Landlord, as a result of or in any
way related to such claims or liens.

                  (e) All personal property brought into the Premises by Tenant,
its employees, licensees and invitees shall be at the sole risk of Tenant, and
Landlord shall not be liable for theft thereof or of money deposited therein or
for any damages thereto, such theft or damage being the sole responsibility of
Tenant.

         8.       SERVICES

                  (a) Landlord shall cause to be furnished the following
services (the cost of which services shall be reimbursed to Landlord in
accordance with Paragraph 3 herein):

                  (i)      Elevator service for passenger and delivery needs.

                  (ii)     Air conditioning during summer operations and heat
                           during winter operations at temperature levels
                           similar to other first class office buildings in the
                           Atlanta area, but consistent with and subject to all
                           Federal and local energy conservation regulations, on
                           Monday through Friday, 8:00 A.M. to 6:00 P.M., and
                           8:00 A.M. to 1:00 P.M. on Saturdays, other than
                           "Holidays" (as herein defined) (the "Business
                           Hours").

                  (iii)    Public restrooms, including the furnishing of soap,
                           paper towels, and toilet tissue.

                  (iv)     Either hot and cold or tempered running water for all
                           restrooms and lavatories.

                  (v)      Janitorial service, including sanitizing, dusting,
                           cleaning, mopping, vacuuming, and trash removal, each
                           Monday through Friday, and floor waxing and
                           polishing, window washing, smudge removal and
                           venetian blind cleaning as appropriate.

                  (vi)     The replacement of building standard fluorescent
                           lamps and ballasts as needed.

                  (vii)    Repairs and maintenance, for maintaining in good
                           order at all times the exterior walls, exterior
                           windows, exterior doors and roof of the Building,
                           public corridors, stairs, elevators, storage rooms,
                           restrooms, the heating, ventilating and air
                           conditioning systems, electrical and plumbing systems
                           of the Building, and the walks, paving and
                           landscaping surrounding the Building.

                                       7
<Page>

                  (viii)   General grounds care.

                  (ix)     General management, including supervision,
                           inspections and management functions.

                  (x)      Electricity for the Premises, Building and Property.

                  (xi)     Security (which currently includes a staffed guard
                           desk in the lobby of the Building) comparable to the
                           security provided by other class "A" buildings in the
                           area of the Building.

     (b) The services provided in Paragraph 8(a) are predicated on and are in
anticipation of the use of the Premises as follows:

                  (i)      Services shall be provided for the Building during
                           normal business hours as described in the Rules.

                  (ii)     The HVAC equipment shall maintain to plus or minus 2
                           degrees F, based upon the local conditions specified
                           in the 1993 edition of ASHRAE HANDBOOK OF
                           FUNDAMENTALS:

                           a)       Summer indoor shall be 75 degrees F.D.B.
                                    and 50% maximum relative humidity.

                           b)       Summer outdoor shall be the ASHRAE 2%
                                    coincident weather data.

                           c)       Winter indoor shall be 70 degrees F.D.B.

                           d)       Winter outdoor shall be the ASHRAE 99%
                                    weather data.

                  (iii)    Electric power usage and consumption for the Premises
                           shall be based on lighting of the Premises during
                           normal business hours on a level suitable for normal
                           office use and power for small desk-top machines and
                           devices using no more than 110 volt, 20 amp circuits
                           (allowable load of 15 amps). Heavier use items shall
                           not be used or installed, unless expressly permitted
                           elsewhere herein or by consent of Landlord, such
                           consent of Landlord not to be unreasonably withheld
                           or delayed.

                  (iv)     Should Tenant's total rated electrical design load
                           per square foot in the Premises exceed the Building
                           standard rated electrical design load, on a per
                           square foot basis, as determined by Landlord from
                           time to time, for either low or high voltage
                           electrical consumption, or if Tenant's electrical
                           design requires low voltage or high voltage circuits
                           in excess of Tenant's share of the Building standard
                           circuits, as such share is determined by Landlord in
                           Landlord's reasonable judgment, Landlord may (at
                           Tenant's expense), if reasonably possible, install
                           within the Building one (1) additional high voltage
                           panel and/or one (1) additional low voltage panel
                           with associated transformer (the "Additional
                           Electrical Equipment") as necessary to accommodate
                           the aforesaid requirements. If the Additional
                           Electrical Equipment is installed because Tenant's
                           low or high voltage rated electrical design load
                           exceeds the applicable Building standard rated
                           electrical design load (on a per square foot basis),
                           then a meter may also be added by Landlord (at
                           Tenant's expense) to measure the electricity provided
                           through the Additional Electrical Equipment.
                           Electrical usage shall be available to Tenant as
                           described in Attachment 1 to EXHIBIT "D".

                  (c) If Tenant uses any services in an amount or for a period
in excess of that provided for herein, Landlord also reserves the right to
charge Tenant reimbursement for the cost of such added services. Landlord
reserves the right to install separate metering devices to determine such
excessive periods and/or amounts, at Tenant's sole cost and expense. If there is
disagreement as to such additional charge, the opinion of the appropriate local
utility company or an independent professional engineering firm shall prevail.

                                       8
<Page>

                  (d) Landlord shall not be liable for any damages directly or
indirectly, and Tenant shall have no right of set-off or reduction in Rent,
resulting from the installation, use, malfunction, or interruption of use of any
equipment in connection with the furnishing of services referred to herein,
including, but not limited to, any interruption in services by any cause beyond
the immediate control of the Landlord; provided however, Landlord shall exercise
due care in furnishing adequate and uninterrupted services. Without limitation
on the foregoing, under no circumstances shall Landlord incur liability for
damages caused directly or indirectly by any malfunction of Tenant's computer
systems resulting from or arising out of the failure or malfunction of any
electrical, air conditioning or other system serving the Building, and Tenant
hereby expressly waives the right to make any such claim against Landlord.

         9.       DESTRUCTION OR DAMAGE TO PREMISES

                  (a) If the Premises or the Building are totally destroyed (or
so substantially damaged as to be untenantable) by storm, fire, earthquake or
other casualty, Landlord shall have the option to:

               (i)       Terminate this Lease as of the date of the occurrence
                         of the storm, earthquake, fire or other casualty by
                         giving notice to Tenant within sixty (60) days from the
                         date of such damage or destruction; or

              (ii)       Commence the process of restoration of the Premises to
                         a tenantable condition within sixty (60) days from the
                         date of receipt by Landlord of all of the insurance
                         proceeds paid with respect to such casualty, and
                         proceed with due diligence to complete said restoration
                         of the Premises. If Landlord chooses to restore the
                         Premises, Rent shall abate with respect to the
                         untenantable portion of the Premises from the date of
                         such casualty until the date of substantial restoration
                         thereof.

If Landlord fails to complete such restoration within one hundred eighty (180)
days of the date of the casualty, this Lease may be terminated as of the date of
the casualty upon notice from either party to the other, given not more than ten
(10) days following the expiration of said one hundred eighty (180) day period.
If such notice is not given, this Lease shall remain in force and effect and
Rent shall commence upon delivery of the Premises to Tenant in a tenantable
condition (evidenced by notice to Tenant that the Premises are substantially
completed).

                  (b) If the Premises are damaged but not rendered wholly
untenantable by any event set forth in Paragraph 9(a) above, Rent shall abate in
the proportion the Premises have been made untenantable. Landlord shall restore
the Premises expeditiously, and upon the date of restoration, full Rent shall
commence.

                  (c) Rent shall not abate if the damage or destruction of the
Premises, is the result of the negligence of Tenant, its contractors,
subcontractors, agents, employees, guests or invitees.

         10.      DEFAULT BY TENANT; LANDLORD'S REMEDIES

                  (a)      The occurrence of any of the following shall
constitute an Event of Default hereunder by Tenant:

                  (i)      The Rent or any other sum of money due of Tenant
                           hereunder is not paid within five (5) days of the
                           date written notice of such late payment is received
                           by Tenant; provided, however, if more than two (2)
                           payments due of Tenant hereunder in any one (1)
                           calendar year are not made until after notice of such
                           late payment is received by Tenant, then it shall be
                           an event of default hereunder by Tenant if any
                           subsequent payment due of Tenant hereunder in the
                           same calendar year is not made within ten (10) days
                           of the date when due;

                  (ii)     The Premises are abandoned or vacated; provided,
                           however, if Tenant deserts or vacates the Premises,
                           Landlord's sole remedy for such default shall be to
                           terminate this Lease effective on such date as
                           Landlord specifies to Tenant by notice, and without
                           further liability on the part of Landlord or Tenant.
                           The preceding sentence is not intended and shall not
                           be deemed to waive or

                                       9
<Page>

                           limit any of Landlord's rights or remedies in
                           connection with or based on any default other than
                           vacation or desertion;

                  (iii)    Any petition is filed by or against Tenant under any
                           section or chapter of the National or Federal
                           Bankruptcy Act or any other applicable Federal or
                           State bankruptcy, insolvency or other similar law,
                           and, in the case of a petition filed against Tenant,
                           such petition is not dismissed within thirty (30)
                           days after the date of such filing; if Tenant shall
                           become insolvent or transfer property to defraud
                           creditors; if Tenant shall make an assignment for the
                           benefit of creditors; or if receiver is appointed for
                           any of Tenant's assets;

                  (iv)     Tenant fails to bond off or otherwise remove any lien
                           filed against the Premises or the Building by reason
                           of Tenant's actions, within fifteen (15) days after
                           Tenant has notice of the filing of such lien;

                  (v)      Tenant fails to observe, perform and keep the
                           covenants, agreements, provisions, stipulations,
                           conditions and Rules herein contained to be observed,
                           performed and kept by Tenant (other than the failure
                           to pay when due any Rent or any other sum of money
                           becoming due Landlord hereunder, which under all
                           circumstances is governed by and subject to Paragraph
                           10(a)(i) herein), and persists in such failure after
                           fifteen (15) days written notice by Landlord
                           requiring that Tenant remedy, correct, desist or
                           comply (or if any such failure to comply on the part
                           of Tenant would reasonably require more than fifteen
                           (15) days to rectify, unless Tenant commences
                           rectification within the fifteen (15) day notice
                           period and thereafter promptly, effectively and
                           continuously proceeds with the rectification of the
                           failure to comply on the part of Tenant and, in all
                           such events, cures such failure to comply on the part
                           of Tenant no later than thirty (30) days after such
                           notice).

                  (b) Upon the occurrence of an Event of Default, Landlord shall
have the option to do and perform any one or more of the following:

                  (i)      Terminate this Lease, in which event Tenant shall
                           immediately surrender the Premises to Landlord. If
                           Tenant shall fail to do so, Landlord may, without
                           further notice and without prejudice to any other
                           remedy Landlord may have, enter upon the Premises
                           without the requirement of resorting to the
                           dispossessory procedures set forth in O.C.G.A.
                           Sections 44-7-50 ET SEQ. and expel or remove Tenant
                           and Tenant's effects without being liable for any
                           claim for trespass or damages therefor. Upon any such
                           termination, Tenant shall remain liable to Landlord
                           for damages, due and payable monthly on the day Rent
                           would have been payable hereunder, in an amount equal
                           to the Rent and any other amounts which would have
                           been owing by Tenant for the balance of the Term, had
                           this Lease not been terminated, less the net
                           proceeds, if any, of any reletting of the Premises by
                           Landlord, after deducting all of Landlord's
                           reasonable costs and expenses (including, without
                           limitation, advertising expenses and professional
                           fees) incurred in connection with or in any way
                           related to the termination of this Lease, eviction of
                           Tenant and such reletting; and/or

                  (ii)     Declare the entire amount of Rent calculated on the
                           current rate being paid by Tenant, and other sums
                           which in Landlord's reasonable determination would
                           become due and payable during the remainder of the
                           Term (including, but not limited to, increases in
                           Rent pursuant to Paragraph 2(b) and 3(d) herein),
                           discounted to present value by using a reasonable
                           discount rate, to be due and payable immediately.
                           Upon such acceleration of such amounts, Tenant agrees
                           to pay the same at once, together with all Rent and
                           other amounts theretofore due, at Landlord's address
                           as provided herein; provided however, that such
                           payment shall not constitute a penalty or forfeiture
                           but shall constitute liquidated damages for Tenant's
                           failure to comply with the terms and provisions of
                           this Lease (Landlord and Tenant agreeing that
                           Landlord's actual damages in such event are
                           impossible to ascertain and that the amount set forth
                           above is a reasonable estimate thereof). Upon making
                           such payment, Tenant shall receive from Landlord all
                           rents received by Landlord from other tenants renting
                           the Premises

                                       10
<Page>

                           during the Term, provided that the monies to which
                           Tenant shall so become entitled shall in no event
                           exceed the entire amount actually paid by Tenant to
                           Landlord pursuant to the preceding sentence, less
                           all of Landlord's costs and expenses (including,
                           without limitation, advertising expenses and
                           professional fees) incurred in connection with or in
                           any way related to the reletting of the Premises.
                           The acceptance of such payment by Landlord shall not
                           constitute a waiver of rights or remedies to Landlord
                           for any failure of Tenant thereafter occurring to
                           comply with any term, provision, condition or
                           covenant of this Lease; and/or

                  (iii)    Enter the Premises as the agent of Tenant without the
                           requirement of resorting to the dispossessory
                           procedures set forth in O.C.G.A. Sections 44-7-50 ET
                           SEQ. and without being liable for any claim for
                           trespass or damages therefor, and, in connection
                           therewith, rekey the Premises, remove Tenant's
                           effects therefrom and store the same at Tenant's
                           expense, without being liable for any damage thereto,
                           and relet the Premises as the agent of Tenant,
                           without advertisement, by private negotiations, for
                           any term Landlord deems proper, and receive the rent
                           therefor. Tenant shall pay Landlord on demand any
                           deficiency that may arise by reason of such
                           reletting, but Tenant shall not be entitled to any
                           surplus so arising. Tenant shall reimburse Landlord
                           for all reasonable costs and expenses (including,
                           without limitation, advertising expenses and
                           professional fees) incurred in connection with or in
                           any way related to the eviction of Tenant and
                           reletting the Premises, and for the amount of any
                           other Rent which would have been due of Tenant to
                           Landlord hereunder if not for certain concessions
                           granted by Landlord to Tenant. Landlord, in addition
                           to but not in lieu of or in limitation of any other
                           right or remedy provided to Landlord under the terms
                           of this Lease or otherwise (but only to the extent
                           such sum is not reimbursed to Landlord in conjunction
                           with any other payment made by Tenant to Landlord),
                           shall have the right to be immediately repaid by
                           Tenant the amount of all sums expended by Landlord
                           and not repaid by Tenant in connection with preparing
                           or improving the Premises to Tenant's specifications
                           and any and all costs and expenses incurred in
                           renovating or altering the Premises to make it
                           suitable for reletting; and/or

                  (iv)     As agent of Tenant, do whatever Tenant is obligated
                           to do under this Lease, including, but not limited
                           to, entering the Premises, without being liable to
                           prosecution or any claims for damages, in order to
                           accomplish this purpose. Tenant agrees to reimburse
                           Landlord immediately upon demand for any reasonable
                           expenses which Landlord may incur in thus effecting
                           compliance with this Lease on behalf of Tenant.
                           Landlord shall not be liable for any damages
                           resulting to Tenant from such action, whether caused
                           by the negligence of Landlord or otherwise.

                  (c) Pursuit by Landlord of any of the foregoing remedies shall
not preclude the pursuit of general or special damages incurred, or of any of
the other remedies provided herein, at law or in equity.

                  (d) No act or thing done by Landlord or Landlord's employees
or agents during the Term shall be deemed an acceptance of a surrender of the
Premises. Neither the mention in this Lease of any particular remedy, nor the
exercise by Landlord of any particular remedy hereunder, at law or in equity,
shall preclude Landlord from any other remedy Landlord might have under this
Lease, at law or in equity. Any waiver of or redress for any violation of any
covenant or condition contained in this Lease or any of the Rules now or
hereafter adopted by Landlord, shall not prevent a subsequent act, which would
have originally constituted a violation, from having all the force and effect of
an original violation. The receipt by Landlord of Rent with knowledge of the
breach of any covenant in this Lease shall not be deemed a waiver of such
breach.

         11.      ASSIGNMENT AND SUBLETTING

                  (a) Tenant shall not sublet any part of the Premises, nor
assign this Lease or any interest herein, nor, once any such sublet or
assignment is consented to by Landlord, amend or modify the terms of such sublet
or assignment, without the prior consent of Landlord, which consent shall not be
unreasonably withheld or delayed. No sublessee (or Tenant, on behalf or for the
benefit of a sublessee) shall have the right to exercise any extension or
renewal of Term, or any right to expand or

                                       11
<Page>

otherwise increase the size of the Premises. Landlord may deny consent to an
assignment or sublease if the creditworthiness of the proposed assignee or
sublessee could not service the proposed sublet rent or assignment costs.
Additionally, neither Tenant nor any other person having an interest in the
possession, use, occupancy or utilization of the Premises shall enter into
any lease, sublease, license, concession, assignment or other agreement for
use, occupancy or utilization of space in the Premises which provides for
rental or other payment for such use, occupancy or utilization based, in
whole or in part, on the net income or profits derived by any person or
entity from the Premises leased, used, occupied or utilized. Any such
purported lease, sublease, license, concession, assignment or other agreement
shall be absolutely void and ineffective as a conveyance of any right or
interest in the possession, use, occupancy or utilization of any part of the
Premises. If such a sublease is entered into, neither the rental payable
thereunder nor the amount thereof passed on to any person or entity shall
have deducted therefrom any expenses or costs related in any way to the
subleasing of such space.

                  (b) Consent by Landlord to one assignment or sublease shall
not destroy or waive this provision, and all later assignments and subleases
shall likewise be made only upon prior consent of Landlord, such consent of
Landlord not to be unreasonably withheld or delayed. If a sublease or assignment
is consented to by Landlord, any sublessees or assignees shall become liable
directly to Landlord for all obligations of Tenant hereunder without relieving
or in any way modifying Tenant's liability hereunder. If Tenant notifies
Landlord of Tenant's intent to sublease or assign this Lease, Landlord shall
within fifteen (15) days from such notice (a) consent to such proposed
subletting; (b) deny such consent, giving reasons for denying such consent at
the time of the denial; (c) elect to cancel this Lease, or to reduce the
Premises by the area requested to be subleased or assigned if the area is less
than the entire Premises; or (d) elect to sublease the space, or take the
assignment, as applicable, on the same terms and conditions as offered by the
third-party. If Landlord elects to cancel or to reduce the area of the Premises,
Tenant shall have ten (10) days from such notice to notify Landlord of Tenant's
acceptance of such cancellation or reduction or Tenant's desire to remain in
possession of Premises for the Term. If Tenant fails to so notify Landlord of
Tenant's election to accept termination or reduction or to continue as Tenant
hereunder, such failure shall be deemed an election to terminate or have the
area of Premises reduced, as the case may be, and such termination or reduction
shall be effective as of the end of the ten (10) day period provided for in
Landlord's notice as hereinabove provided. If Landlord gives its consent to any
such assignment or sublease, fifty percent (50%) of any rent or other cost to
the assignee or subtenant for all or any portion of the Premises over and above
the Rent payable by Tenant for such space shall, and the reasonable and actual
costs incurred by Tenant in procuring such assignment or sublease, be due and
payable, and shall be paid, to Landlord. If this Lease is cancelled, the area of
Premises is reduced or a sublease or assignment is made as herein provided,
Tenant shall pay Landlord a charge equal to the actual costs incurred by
Landlord, in Landlord's reasonable judgment (including, but not limited to, the
use and time of Landlord's personnel), for all of the necessary legal and
accounting services required to accomplish such cancellation, reduction of area
of the Premises, assignment or subletting, as the case may be, such legal fee
not to exceed $1,000.00 per occurrence or request.

                  (c). Tenant shall have the right to assign the Lease or sublet
the Premises, or any part thereof, without Landlord's consent, but subject to
Landlord's rights to notice and prohibition contained herein, to any parent,
subsidiary, affiliate or controlled entity or to an entity which Tenant may be
converted or with which Tenant may merge. Tenant shall in any event have the
obligation to notify Landlord of its intent of any such arrangement, and if
Landlord reasonably determines that the proposed assignee or sublessee is
engaged in a business which would materially interfere with the operation of the
Property or that permitting the assignment or subletting would cause a violation
by Landlord of its obligations under any lease covering a portion of the
Property, Landlord shall have the right to prohibit such arrangement based upon
the aforesaid factors.
 .

         12.      CONDEMNATION

                  If the Premises, or a part of such Premises such that the
Premises are untenantable, are taken by eminent domain or other similar
proceeding or are conveyed in lieu of such taking, this Lease shall expire on
the date when title or right of possession vests, and Rent paid for any period
beyond said date shall be repaid to Tenant. If there is a partial taking where
this Lease is not terminated, the Rent shall be adjusted in proportion to the
square feet of Premises taken. In either event, Landlord shall be entitled, and
Tenant shall not have any right, to claim any award made in any condemnation
proceeding, action or ruling relating to the Building or the Property; provided,
however, Tenant shall be entitled to make a claim in any condemnation
proceeding, action or ruling relating to the Building for

                                      12
<Page>

Tenant's moving expenses and the unamortized value of leasehold improvements
in the Premises actually paid for by Tenant, to the extent such claim does
not in any manner impact upon or reduce Landlord's claim or award in such
condemnation proceeding, action or ruling. Landlord shall have, in Landlord's
sole discretion, the option of terminating this Lease if any such
condemnation, action, ruling or conveyance in lieu thereof makes continuation
of Landlord's use of the Building economically unfeasible.

         13.      INSPECTIONS

                  Landlord, its agents or employees may enter the Premises at
reasonable hours to (a) exhibit the Premises to prospective purchasers or
tenants of the Premises or the Building; (b) inspect the Premises to see that
Tenant is complying with its obligations hereunder; and (c) make repairs (i)
required of Landlord under the terms hereof; (ii) to any adjoining space in the
Building; or (iii) to any systems serving the Building which run through the
Premises.

         14.      SUBORDINATION

                  (a) This Lease shall be subject and subordinate to any
underlying land leases or deeds to secure debt which may now or hereafter affect
this Lease, the Building or the Property and also to all renewals,
modifications, extensions, consolidations, and replacements of such underlying
land leases and deeds to secure debt. In confirmation of the subordination set
forth in this Paragraph 14, Tenant shall, at Landlord's request, execute and
deliver such further instruments desired by the holder of the deed to secure
debt (a "Mortgagee") or by any lessor under any such underlying land leases.
Notwithstanding the foregoing, Landlord or such Mortgagee shall have the right
to subordinate or cause to be subordinated, in whole or in part, any such
underlying land leases or deeds to secure debt to this Lease (but not in respect
to priority of entitlement of insurance or condemnation proceeds). If any such
underlying land leases or deeds to secure debt terminate for any reason or any
such deeds to secure debt are foreclosed or a conveyance in lieu of foreclosure
is made for any reason, Tenant shall, notwithstanding any subordination, deliver
to Mortgagee within ten (10) days of written request an attornment agreement,
providing that such Tenant shall continue to abide by and comply with the terms
and conditions of this Lease.

                  (b) The subordination of this Lease to any future Mortgage or
any future underlying land lease is conditioned upon the Mortgagee or lessor
under any such lease executing and delivering to Tenant a subordination,
non-disturbance and attornment agreement (an "SNDA"), on a commercially
reasonable form, confirming that so long as Tenant is not then in default
hereunder beyond any applicable cure period, the Mortgagee or lessor shall not
disturb the possession of Tenant, terminate or attempt to terminate this Lease,
and that any party succeeding to the interest of Landlord as a result of the
enforcement of any Mortgage or any underlying land lease shall be bound to
Tenant, and Tenant shall be bound to it, under all of the terms, covenants, and
conditions of this Lease for the balance of the Term of this Lease, including
any extensions thereof, with the same force and effect as if such party were the
original Landlord under this Lease. Landlord represents and warrants to Tenant
that, as of the date of this Lease, there is no underlying land lease affecting
the Lease or encumbering the Property or Building, and the only deeds to secure
debt, mortgages, or other first priority security title or security interest
encumbering its estate in the Property are those in favor of (i) Bank of Nova
Scotia, and (ii) Connecticut General Life Insurance Company (collectively, the
"Mortgagees"). Within forty-five (45) days after the execution and delivery of
this Lease by Landlord and Tenant, Landlord shall deliver to Tenant, without
cost to Tenant, a fully executed SNDA from the Mortgagees in form substantially
similar to the SNDA annexed to this Lease as EXHIBIT "H".

                  (c) If any proceedings are brought for the foreclosure of, or
in the event of exercise of the power of sale or conveyance in lieu of
foreclosure under any deed to secure debt, Tenant shall at the option of the
purchaser at such foreclosure or other sale, attorn to such purchaser and
recognize such person as Landlord under this Lease. The institution of any suit,
action or other proceeding by a Mortgagee or a sale of the Property pursuant to
the powers granted to a Mortgagee under its deed to secure debt, shall not, by
operation of law or otherwise, result in the cancellation or the termination of
this Lease or of the obligations of Tenant hereunder.

                  (d) If such purchaser requests and accepts such attornment,
from and after such attornment, Tenant shall have the same remedies against such
purchaser for the breach of an agreement contained in this Lease that Tenant
might have had against Landlord if the deed to secure debt had not

                                       13
<Page>

been terminated or foreclosed, except such purchaser shall not be (i) liable
for any act or omission of the prior Landlord; (ii) subject to any offsets or
defenses which Tenant might have against the prior Landlord; or (iii) bound
by any Rent or security deposit which Tenant might have paid in advance to
the prior Landlord.

         15.      INDEMNIFICATION AND HOLD HARMLESS

                  (a) Tenant hereby indemnifies and holds Landlord harmless from
and against any injury, expense, damage, liability or claim, imposed on Landlord
by any person whomsoever, whether due to damage to the Premises, claims for
injuries to the person or property of any other tenant of the Building or of any
other person in or about the Building for any purpose whatsoever, or
administrative or criminal action by a governmental authority, whether such
injury, expense, damage, liability or claim results either directly or
indirectly from the act, omission, negligence, misconduct or breach of any
provisions of this Lease by Tenant, the agents, servants, or employees of
Tenant, or any other person entering upon the Premises under express or implied
invitation or consent of Tenant, unless such claim or cause of action arises out
of Landlord's gross negligence or willful misconduct. Tenant further agrees to
reimburse Landlord for any costs or expenses, including, but not limited to,
court costs and reasonable attorney's fees, which Landlord may incur in
investigating, handling or litigating any such claim or any action by a
governmental authority.

                  (b) Tenant shall give notice to Landlord of any defective
condition in or about the Premises known to Tenant, and further agrees to
attempt to contact Landlord by telephone immediately in such instance.

         16.      TENANT'S INSURANCE

                  Tenant shall carry (at its sole expense during the Term) (i)
fire and extended coverage insurance insuring Tenant's interest in its
improvements to the Premises and any and all furniture, equipment, supplies,
contents and other property owned, leased, held or possessed by Tenant and
contained therein, such insurance coverage to be in an amount equal to the full
insurable value of such improvements and property, as such may increase from
time to time, (ii) worker's compensation insurance as required by applicable
law, and (iii) comprehensive liability coverage for injury to or death of a
person or persons and for damage to property occasioned by or arising out of any
construction work being done on the Premises, or arising out of the condition,
use, or occupancy of the Premises, or other portions of the Building or
Property, the limits of such policy or policies to be in amounts not less than
One Million Five Hundred Thousand Dollars ($1,500,000) with respect to injuries
to or death of any one person, Five Million Dollars ($5,000,000) with respect to
any one casualty or occurrence and Three Hundred Thousand Dollars ($300,000)
with respect to property damage. Landlord and Tenant shall each have included in
all policies of insurance respectively obtained by them with respect to the
Building or Premises a waiver by the insurer of all right of subrogation against
the other in connection with any loss or damage insured against. To the full
extent permitted by law, Landlord and Tenant each waives all right of recovery
against the other, and agrees to release the other from liability for loss or
damage to the extent such loss or damage is covered by valid and collectible
insurance in effect at the time of such loss or damage; provided, however, that
the foregoing release by each party is conditioned upon the other party's
carrying insurance with the above described waiver of subrogation, and if such
coverage is not obtained or maintained by either party, then the other party's
foregoing release shall be deemed to be rescinded until such waiver is either
obtained or reinstated. All said insurance policies shall be carried with
companies licensed to do business in the State of Georgia reasonably
satisfactory to Landlord and shall be noncancellable except after twenty (20)
days' written notice to Landlord. Each policy shall name Landlord, Landlord's
Property Manager and any other person designated by Landlord as additional
insureds and provide that it is primary to, and not contributing with, any
policy carried by Landlord, Landlord's Property Manager, or other designated
person covering the same loss. At Landlord's request, duly executed certificates
of such insurance shall be delivered to Landlord prior to the Commencement Date
and at least thirty (30) days prior to the expiration of each respective policy
term.

         17.      REMEDIES CUMULATIVE

                  The rights given to Landlord and Tenant herein are in addition
to any rights that may be given to Landlord or Tenant by any statute or under
law.

                                      14
<Page>

         18.      ENTIRE AGREEMENT - NO WAIVER

                  This Lease contains the entire agreement of the parties hereto
and no representations, inducements, promises or agreements, oral or otherwise,
between the parties not embodied herein shall be of any force and effect. The
failure of either party to insist in any instance on strict performance of any
covenant or condition hereof, or to exercise any option herein contained, shall
not be construed as a waiver of such covenant, condition or option in any other
instance. This Lease cannot be changed or terminated orally, and can be modified
only in writing, executed by each party hereto.

         19.      HOLDING OVER

                  (a) If Tenant remains in possession of the Premises after
expiration of the Term, or after any termination of the Lease by Landlord, with
Landlord's acquiescence and without any written agreement between the parties,
Tenant shall be a tenant at sufferance and such tenancy shall be subject to all
the provisions hereof, except that the Monthly Rental for said holdover period
shall be one hundred fifty percent (150%) of the amount of Rent due in the last
month of the Term. There shall be no renewal of this Lease by operation of law.
Nothing in this Paragraph shall be construed as a consent by Landlord to the
possession of the Premises by Tenant after the expiration of the Term or any
termination of the Lease by Landlord, or as an exclusive remedy in the event of
a holdover.

                  (b) Notwithstanding anything to the contrary, Tenant may hold
over for a period of up to an additional thirty (30) day period past the end of
the Term as a "tenant at will", paying the one hundred fifty percent (150%) of
the Rent then due from Tenant, if Tenant is delayed in a relocation, and Tenant
notifies Landlord of such election to hold over as soon as Tenant is aware that
Tenant will not move out by the end of the Term.

         20.      HEADINGS

                  The headings in this Lease are included for convenience only
and shall not be taken into consideration in any construction or interpretation
of any part of this Lease.

         21.      NOTICES

                  (a) Any notice, request or consent by either party to the
other hereunder shall be valid only if in writing and shall be deemed to be duly
given only if hand-delivered, or sent by certified mail or by a recognized
national overnight delivery service which has a receipt of notice as a part of
its delivery function. Such notices shall be addressed (i) if to Tenant, at the
Premises and (ii) if to Landlord, at Landlord's address set forth above, or at
such other address for either party as that party may designate by notice to the
other. Notice shall be deemed given, if delivered personally, upon delivery
thereof, and if mailed, upon the mailing thereof.

                  (b) Tenant hereby appoints as its agent to receive service of
all dispossessory or distraint proceedings, an employee in the Premises at the
time of any such service.

         22.      HEIRS, SUCCESSORS, AND ASSIGNS - PARTIES

                  (a) This Lease shall bind and inure to the benefit of Landlord
and Tenant, and their respective successors, heirs, legal representatives and
assigns. The term "Landlord" as used in this Lease means only the owner (or the
ground lessee) for the time being of the Property and Building of which the
Premises are a part, so that in the event of any sale or sales of said Property
(or of any lease thereof), Landlord named herein shall be and hereby is entirely
released of all covenants and obligations of Landlord hereunder accruing
thereafter, and it shall be deemed without further agreement that the purchaser,
or the lessee, as the case may be, has assumed and agreed to carry out any and
all covenants and obligations of Landlord hereunder during the period such party
has possession of the Property and Building. If the Property and Building are
severed as to ownership by sale and/or lease, the owner of the entire Building
or lessee of the entire Building that has the right to lease space in the
Building to tenants shall be deemed "Landlord". Tenant shall be bound to any
such succeeding party for performance by Tenant of all the terms, covenants, and
conditions of this Lease and agrees to execute any attornment agreement not in
conflict with the terms and provisions of this Lease at the request of any such
party.

                                      15
<Page>

                  (b) The parties "Landlord" and "Tenant" and pronouns relating
thereto, as used herein, shall include male, female, singular and plural,
corporation, partnership or individual, as may fit the particular parties.

         23.      ATTORNEY'S FEES

                  If Landlord has to engage or consult with an attorney as a
result of or in connection with a failure by Tenant to pay any Rent as and when
due under the Lease, then Tenant shall owe to Landlord, in addition to and not
in lieu of any other amounts due hereunder, and shall pay within ten (10) days
after demand for payment therefor is made, all such attorneys fees incurred by
Landlord. Also, if any law suit or court action between Landlord and Tenant
arises out of or under this Lease, the prevailing party in such law suit or
court action shall be entitled to and shall collect from the non-prevailing
party the reasonable attorney's fees and court costs actually incurred by the
prevailing party with respect to said lawsuit or court action.

         24.      TIME OF ESSENCE

                  TIME IS OF THE ESSENCE OF THIS LEASE.

         25.      NO ESTATE IN LAND

                  Tenant has only a usufruct under this Lease, not subject to
levy or sale. No estate shall pass out of Landlord by this Lease.

         26.      SECURITY DEPOSIT  INTENTIONALLY DELETED

         27.      PARKING ARRANGEMENTS

                  (a) Landlord shall provide a ten-level parking deck to be
located across Crescent Avenue directly to the west of the Building, to
accommodate approximately 910 automobiles, and two levels of parking below the
Building to accommodate approximately 90 automobiles (collectively, such parking
levels referred to as the "Parking Garage"). Landlord shall make parking
available for Tenant in the Parking Garage, on an unreserved and non-exclusive
basis except as set forth herein, at a ratio of two one-half (2 1/2) parking
spaces per 1,000 usable square feet leased by Tenant in the Building, for the
first forty-thousand (40,000) usable square feet leased by Tenant in the
Building, and at a ratio of two (2) parking spaces per 1000 usable square feet,
for any additional square feet leased by Tenant in the Building. Five (5) of
such parking spaces shall be in the area marked for reserved parking spaces,
either in the Parking Garage or under the Building, at Tenant's option, to be
exercised by a notice to Landlord. Tenant's rights to utilize all such parking
spaces shall be subject to Tenant's payment to Landlord (or Landlord's designee)
of the monthly parking charges from time to time charged, as set forth herein.
Landlord agrees to manage the Parking Garage and the allocation of parking
spaces to other tenants of the Building so that the spaces allocated to Tenant
are reasonably available for Tenant's parking. Landlord shall have the right to
undertake any measures or promulgate and enforce any rules and regulations which
Landlord deems necessary or appropriate to enforce this provision, including, by
way of illustration but not limitation, restricting access to such parking
spaces, or parking fines against or towing the automobiles of violating parties.

                  (b) The initial charges for such parking spaces shall be
Ninety and No/100 ($90.00) per parking space, per month, for unreserved parking
spaces; One Hundred Thirty-Five and No/100 Dollars ($135.00) per parking space,
per month, for reserved parking spaces not underneath the Building; and One
Hundred Eighty and No/100 Dollars ($180.00) per parking space per month, for
reserved parking spaces under the Building. Tenant shall pay such charges at the
time and in the manner Monthly Rental is paid under the Lease, and such payments
shall be payments of Rent for the purposes of this Lease. Landlord agrees that
the monthly rates due from Tenant for such parking spaces shall not increase by
more than Five and No/100 Dollars ($5.00) per month, per parking space, during
the initial Term.

         28.      RULES AND REGULATIONS

                  The Rules on EXHIBIT "F" are a part of this Lease. Landlord
may from time to time amend, modify, delete or add additional Rules for the use,
operation, safety, cleanliness and care of the Premises and the Building. Such
new or modified Rules shall be effective upon notice to Tenant. Tenant will
cause its employees and agents, or any others permitted by Tenant to occupy or
enter the

                                      16
<Page>

Premises to at all times abide by the Rules. If there is a breach of any
Rules, Landlord shall have all remedies in this Lease provided for in an
Event of Default by Tenant and shall, in addition, have any remedies
available at law or in equity, including but not limited to, the right to
enjoin any breach of such Rules. Landlord shall not be responsible to Tenant
for the nonobservance by any other tenant or person of any such Rules.

         29.      RIGHT TO RELOCATE  INTENTIONALLY DELETED.

         30.      LATE PAYMENTS

                  Any payment due of Tenant hereunder not received by Landlord
within five (5) days of the date when due shall be assessed a five percent (5%)
charge for Landlord's administrative and other costs in processing and pursuing
the payment of such late payment, and shall be assessed an additional five
percent (5%) charge for the aforesaid costs of Landlord for each month
thereafter until paid in full. Acceptance by Landlord of a payment, and the
cashing of a check, in an amount less than that which is currently due shall in
no way affect Landlord's rights under this Lease and in no way be an accord and
satisfaction. This provision does not prevent Landlord from declaring the
non-payment of Rent when due an event of default hereunder.

         31.      ESTOPPEL CERTIFICATE

                  Tenant shall, within fifteen (15) days of the request by
Landlord, execute, acknowledge and deliver to Landlord, any Mortgagee,
prospective Mortgagee or any prospective purchaser or transferee of the
Property, the Building, or both (as designated by Landlord), an Estoppel
Certificate in recordable form, or in such other form as Landlord may from time
to time require, evidencing whether or not (a) this Lease is in full force and
effect; (b) this Lease has been amended in any way; (c) Tenant has accepted and
is occupying the Premises; (d) there are any existing defaults on the part of
Landlord hereunder or defenses or offsets against the enforcement of this Lease
to the knowledge of Tenant (specifying the nature of such defaults, defenses or
offsets, if any); (e) the date to which Rent and other amounts due hereunder, if
any, have been paid; and (f) any such other information as may be reasonably
requested by Landlord. Each certificate delivered pursuant to this Paragraph may
be relied on by Landlord, any prospective purchaser or transferee of Landlord's
interest hereunder, or any Mortgagee or prospective Mortgagee.

         32.      SEVERABILITY AND INTERPRETATION

                  (a) If any clause or provision of this Lease shall be deemed
illegal, invalid or unenforceable under present or future laws effective during
the Term, the remainder of this Lease shall not be affected by such illegality,
invalidity or unenforceability, and in lieu of each clause or provision of this
Lease that is illegal, invalid or unenforceable, there shall be added as a part
of this Lease a clause or provision as similar in terms to such illegal, invalid
or unenforceable clause or provision as may be possible and be legal, valid and
enforceable.

                  (b) If any provisions of this Lease require judicial
interpretation, the court interpreting or construing the same shall not apply a
presumption that the terms of any such provision shall be more strictly
construed against one party or the other by reason of the rule of construction
that a document is to be construed most strictly against the party who itself or
through its agent prepared the same, as all parties hereto have participated in
the preparation of this Lease.

         33.      MULTIPLE TENANTS

                  If more than one individual or entity comprises and
constitutes Tenant, then all individuals and entities comprising Tenant are and
shall be jointly and severally liable for the due and proper performance of
Tenant's duties and obligations arising under or in connection with this Lease.

         34.      FORCE MAJEURE

                  Landlord shall be excused for the period of any delay and
shall not be deemed in default with respect to the performance of any of the
terms, covenants, and conditions of this Lease when prevented from so doing by
causes beyond Landlord's control, which shall include, but not be limited to,
all labor disputes, governmental regulations or controls, fire or other
casualty, inability to obtain any material or services, or acts of God.

                                      17
<Page>

         35.      QUIET ENJOYMENT

                  So long as Tenant is in full compliance with the terms and
conditions of this Lease, Landlord shall warrant and defend Tenant in the quiet
enjoyment and possession of the Premises during the Term against any and all
claims made by, through or under Landlord, subject to the terms of this Lease.

         36.      BROKERAGE COMMISSION; INDEMNITY

                  TC ATLANTA, INC. ("TC") HAS ACTED AS CONTRACT MANAGER FOR
LANDLORD IN THIS TRANSACTION AND RICHARD BOWERS & COMPANY ("BOWERS") HAS ACTED
AS AGENT FOR TENANT IN THIS TRANSACTION. BOTH TC AND BOWERS ARE TO BE PAID A
COMMISSION BY LANDLORD. Tenant warrants that there are no other claims for
broker's commissions or finder's fees in connection with its execution of this
Lease. Tenant hereby indemnifies Landlord and holds Landlord harmless from and
against all loss, cost, damage or expense, including, but not limited to,
attorney's fees and court costs, incurred by Landlord as a result of or in
conjunction with a claim of any real estate agent or broker, if made by, through
or under Tenant. Landlord hereby indemnifies Tenant and holds Tenant harmless
from and against all loss, cost, damage or expense, including, but not limited
to, attorney's fees and court costs, incurred by Tenant as a result of or in
conjunction with a claim of any real estate agent or broker, if made by, through
or under Landlord.

         37.      EXCULPATION OF LANDLORD

                  Landlord's liability to Tenant with respect to this Lease
shall be limited solely to Landlord's interest in the Building. Neither
Landlord, any of the partners of Landlord, any officer, director, or shareholder
of Landlord nor any of the partners of Landlord shall have any personal
liability whatsoever with respect to this Lease.

         38.      ORIGINAL INSTRUMENT

                  Any number of counterparts of this Lease may be executed, and
each such counterpart shall be deemed to be an original instrument.

         39.      GEORGIA LAW

                  This Lease has been made under and shall be construed and
interpreted under and in accordance with the laws of the State of Georgia.

         40.      NO RECORDATION OF LEASE

                  Without the prior consent of Landlord, neither this Lease nor
any memorandum hereof shall be recorded or placed on public record.

         41.      HAZARDOUS WASTES

                  Tenant shall not (either with or without negligence) cause or
permit the escape, disposal or release of any biologically or chemically active
or other hazardous substances or materials. Tenant shall not allow the storage
or use of such substances or materials in any manner not sanctioned by law or by
the highest standards prevailing in the industry for the storage and use of such
substances or materials, nor allow to be brought into the Building, the Premises
or the Property, any such materials or substances except to use in the ordinary
course of Tenant's business, and then only after notice is given to Landlord of
the identity of such substances or materials. Without limitation, hazardous
substances and materials shall include those described in the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended, 42
U.S.C. Section 9601 et seq., the Resource Conservation and Recovery Act, as
amended, 42 U.S.C. Section 6901 et seq., any applicable state or local laws and
the regulations adopted under these acts. If any lender or governmental agency
shall ever require testing to ascertain whether or not there has been any
release of hazardous materials, then the reasonable costs thereof shall be
reimbursed by Tenant to Landlord upon demand as additional charges if such
requirement applies to the Premises. In addition, Tenant shall execute
affidavits, representations and the like from time to time at Landlord's request
concerning Tenant's best knowledge and belief regarding the presence of
hazardous substances or materials on the Premises. In

                                       18

<Page>

all events, Tenant shall indemnify Landlord in the manner elsewhere provided
in this Lease from any release of hazardous materials on the Premises
occurring while Tenant is in possession, or elsewhere if caused by Tenant or
persons acting under Tenant. The within covenants shall survive the
expiration or earlier termination of the Lease Term.

         42.      LEASE BINDING UPON DELIVERY

                  This Lease shall not be binding until and unless all parties
have duly executed said Lease and a fully executed counterpart of said Lease has
been delivered to Tenant.

         43.      SPECIAL STIPULATIONS

                  The special stipulations attached hereto as EXHIBIT "G", and
made a part hereof, if any, shall control if in conflict with any of the
foregoing provisions of this Lease.

         IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be
executed under seal, on the day and year first above written.

                                TENANT:

                                THE WILLIAM CARTER COMPANY

                                /s/ CLYDE D. STUTTS                       (SEAL)
                                ------------------------------------------
                                Authorized Signature

                                CLYDE D. STUTTS
                                ------------------------------------------
                                Type Name of Signatory

Dated executed by               /s/ DAVID A. BROWN                        (SEAL)
Tenant: _________               ------------------------------------------
                                Authorized Signature

                                DAVID A. BROWN
                                ------------------------------------------
                                Type Name of Signatory

                                               (CORPORATE SEAL)

                  *Note: If Tenant is a corporation, two authorized corporate
                  officers must execute this Lease in their appropriate
                  capacities for Tenant, affixing the corporate seal.

         By the execution and delivery of this Lease Tenant has made and shall
be deemed to have made a continuous and irrevocable offer to lease the Premises,
on the terms contained in this Lease, subject only to acceptance by Landlord (as
evidenced by Landlord's signature hereon), which Landlord may accept in its sole
and absolute discretion.

Tenant's Federal Employer Identification Number:______________

                                    LANDLORD:

                                    PROSCENIUM, L.L.C., a Georgia limited
                                    liability company

                                    By:      Tri-Properties Proscenium, L.L.C.,
                                             a Georgia limited liability
                                             company, as the managing member of
                                             Proscenium, LLC

                                    By:      TCC Proscenium, Inc., a Georgia
                                             corporation, as an authorized
                                             member of Tri-Properties
                                             Proscenium, L.L.C.

                                    By: /s/ JOHN S. WHITTAKER
                                       -----------------------------------------
                                    Its: PRESIDENT
                                        ----------------------------------------

                                       19

<Page>

                                       20

<Page>

                                   EXHIBIT "A"

                             Space Plan of Premises

                                [To Be Attached]

<Page>

                                   EXHIBIT "B"

                      Location of Premises Within Building

                                [To Be Attached]

<Page>

                                   EXHIBIT "C"

Parcel 1

         ALL THAT TRACT or parcel of land lying and being in Land Lot 106 of the
17th District of Fulton County, Georgia, and being more particularly described
as follows:

     TO FIND THE TRUE POINT OF BEGINNING, commence at a point formed by the
intersection of the south right-of-way line of Fourteenth Street, if extended
(being a 60-foot wide right-of-way) and the west right-of-way line of Peachtree
Street, if extended (being a 70-foot wide right-of-way); run thence south
13(degree)30'29" east, along the west right-of-way line of Peachtree Street, if
extended, a distance of 11.43 feet to a point, which point marks the TRUE POINT
OF BEGINNING; from said TRUE POINT OF BEGINNING as thus established and
continuing along the west right-of-way line of Peachtree Street run south
13(degree)30'29" east a distance of 28.18 feet to a point; running thence south
08(degree)24'54" east, along the west right-of-way line of Peachtree Street, a
distance of 44.50 feet to a point; thence leaving said right-of-way line and
running south 89(degree)50'53" west a distance of 100.23 feet to a point;
running thence south 89(degree)51'03" west a distance of 10.00 feet to a point;
running thence north 10(degree)35'24" west a distance of 84.00 feet to a point
located on the south right-of-way line of Fourteenth Street; running thence
north 89(degree)51'48" east, along the south right-of-way line of Fourteenth
Street, a distance of 98.47 feet to a point; running thence in a southeasterly
direction along the right-of-way line connecting said right-of-way line of
Fourteenth Street and the west right-of-way line of Peachtree Street along the
arc of a curve to the right (which arc has a chord distance of 17.94 feet on a
chord bearing south 51(degree)49'21" east and having a radius of 15.00 feet) an
arc distance of 19.23 feet to a point, which point marks the TRUE POINT OF
BEGINNING; said tract shown to contain 0.2099 acre (9,142 square feet) as per
Boundary Survey for The Landmarks Group, prepared by W. L. Jorden & Co., Inc.,
bearing the certification of Phillis S. Curry, Georgia Registered Land Surveyor
No. 2242, dated August 31, 1987, as last revised September 3, 1987.

<Page>

Parcel 2

     All that tract or parcel of land lying and being in Land Lot 106 of the
17th District of Fulton County, Georgia and being more particularly described as
follows:

     TO FIND THE TRUE POINT OF BEGINNING, commence at a point formed by the
intersection of the south right of way line of 14th Street, if extended (being a
60 foot wide right of way) and the west right of way line of Peachtree Street,
if extended (being a 70 foot wide right of way); run thence south 13 degrees 30
minutes 29 seconds east, along the west right of way line of Peachtree Street,
if extended, a distance of 39.61 feet to a point; continuing along the west
right of way line of Peachtree Street run south 08 degrees 24 minutes 54 seconds
east a distance of 44.50 feet to a point, which point marks the TRUE POINT OF
BEGINNING; from said TRUE POINT OF BEGINNING as thus established and continuing
along the west right of way line of Peachtree Street run south 07 degrees 02
minutes 13 seconds east a distance of 103.49 feet to a point; thence leaving
said right of way line and running north 88 degrees 34 minutes 50 seconds west a
distance of 313.10 feet to a point located on the east right of way line of
Crescent Avenue (being a 50 foot wide right of way); run thence north 05 degrees
17 minutes 55 seconds west along the east right of way line of Crescent Avenue a
distance of 179.00 feet to a point located at the intersection of the east right
of way line of Crescent Avenue and the south right of way line of 14th Street;
run thence south 89 degrees 41 minutes 58 seconds east along the south right of
way line of 14th Street a distance of 191.19 feet to a point; thence leaving
said right of way line and running south 10 degrees 35 minutes 24 seconds east a
distance of 84.00 feet to a point; run thence north 89 degrees 51 minutes 03
seconds east a distance of 10.00 feet to a point; run thence north 89 degrees 50
minutes 53 seconds east a distance of 100.23 feet to a point located on the west
right of way line of Peachtree Street, which point marks the TRUE POINT OF
BEGINNING; said tract shown to contain 1.0749 acres as per survey entitled
"Boundary Survey Tract II Property of The Landmarks Group Properties Corporation
and AT&T Resource Management Corporation" prepared by W. L. Jorden & Co., Inc.,
bearing the certification of Daniel S. Mahan, Georgia Registered Land Surveyor
No. 2275, dated September 28, 1989.

                                       2

<Page>

Parcel 3

     All that tract or parcel of land lying and being in Land Lot 106 of the
17th District of Fulton County, Georgia and being more particularly described as
follows:

     Beginning at a point formed by the intersection of the south right of way
line of 14th Street (being a 60 foot wide right of way) and the west right of
way line of Crescent Avenue (being a 50 foot wide right of way); run thence
south 05 degrees 17 minutes 55 seconds east, along the west right of way line of
Crescent Avenue a distance of 175.11 feet to a 3/4 inch open top pipe, said pipe
being located on the north side of a ten-foot alley; run thence north 89 degrees
41 minutes 58 seconds west along the north side of said 10-foot alley a distance
of 200.19 feet to a 5/8 inch reinforcing bar; run thence north 05 degrees 17
minutes 55 seconds west a distance of 175.11 feet to a 5/8 inch reinforcing bar,
said reinforcing bar being located on the south right of way line of 14th
Street; run thence south 89 degrees 41 minutes 58 seconds east along the south
right of way line of 14th Street a distance of 200.19 feet to a point, which
point marks the POINT OF BEGINNING; said tract shown to contain 0.8009 acres as
per survey entitled "Boundary Survey Tract III Property of The Landmarks Group
Properties Corporation and AT&T Resource Management Corporation", prepared by W.
L. Jorden & Co., Inc., bearing the certification of Daniel S. Mahan, Georgia
Registered Land Surveyor No. 2275, dated September 28, 1989.

                                       3

<Page>

                                   EXHIBIT "D"

                               WORK AGREEMENT FOR
                           COMPLETION OF THE PREMISES

Landlord and Tenant executed a Lease for Premises on the 8th, 9th and 10th
floors of the Building and hereby attach this Work Agreement to said Lease as
EXHIBIT "D" thereto. To induce Tenant to enter into the Lease and in
consideration of the mutual covenants herein contained, Landlord and Tenant
agree as follows:

                             ARTICLE 1 - DEFINITIONS

The following terms shall have the meanings described below. Terms not defined
herein shall have the meaning given in the Lease:

         ALLOWANCE shall mean Thirty and No/100 Dollars ($30.00) multiplied by
         the rentable square feet in the Premises, PLUS a design allowance of
         One and No/100 Dollars ($1.00) multiplied by the rentable square feet
         in the Premises.

         ARCHITECT shall mean Facilitec.

         BASE BUILDING IMPROVEMENTS shall mean Building Standard improvements to
         be constructed or installed in the Building.

         BUILDING PLANS AND SPECIFICATIONS shall mean the final drawings and
         specifications for Base Building Improvements.

         BUILDING STANDARD CONDITION is as described on ATTACHMENT "1" to this
         Exhibit.

         CHANGE ORDER shall mean any alteration, substitution, addition or
         change to or in the Tenant Space Plans or Tenant Improvement
         Construction Documents requested by Tenant after the same have been
         consented to by Landlord.

         COMPLETION DATE shall mean the date of Substantial Completion of Tenant
         Improvements under the Tenant Improvement Construction Documents
         (except Punchlist Items).

         CONSTRUCTION CONTRACT shall mean the agreement to be entered between
         Landlord and Contractor for the construction of the Tenant
         Improvements.

         CONSTRUCTION MANAGER is Trammell Crow Company.

         CONTRACTOR shall mean the party selected in accordance with Article 6
         herein to do Tenant Improvements.

         ENGINEERS shall be the Building's mechanical, electrical, plumbing and
         structural engineers, approved by Landlord.

         PRE-PURCHASED BUILDING STANDARD MATERIALS are the materials Landlord
         has purchased for Tenant Improvements and are defined in ATTACHMENT
         "1".

         PUNCHLIST ITEMS shall mean those items not completed in the Premises at
         the time of the Substantial Completion, as identified in a written
         list, which do not substantially interfere with Tenant's use or
         enjoyment of the Premises.

         SUBSTANTIAL COMPLETION or SUBSTANTIALLY COMPLETE shall be as described
         in Section 3.04 hereof.

         TENANT'S COSTS shall mean the aggregate of (a) all costs and expenses
         of constructing the Tenant Improvements that are in excess of the
         Allowance, and (b) all costs and expenses related to the design
         (including any revision and redesign costs) of the Tenant Improvements.

<Page>

         TENANT IMPROVEMENTS shall mean all improvements constructed or
         installed in or on the Premises in accordance with the Tenant
         Improvement Construction Documents.

         TENANT IMPROVEMENT COSTS shall mean the aggregate of the design,
         engineering and construction costs for the Tenant Improvements,
         approved by Tenant in accordance with Section 3.01 hereof, together
         with the cost of any Change Orders as provided in Section 3.05 hereof.
         Included in these costs will be a fee to Construction Manager.

         TENANT IMPROVEMENT CONSTRUCTION DOCUMENTS shall mean the working
         drawings, specifications and finish schedules for the Tenant
         Improvements prepared by Architect and Engineers and consented to by
         Tenant in accordance herewith.

         TENANT SPACE PLANS shall mean the schematic presentation of the
         Premises prepared by Architect and consented to by Tenant in accordance
         herewith.

         TENANT'S WORK shall mean all work in or about the Premises not within
         the scope of the work necessary to construct the Tenant Improvements,
         such as (by way of illustration and not limitation) delivering and
         installing furniture, telephone equipment and wiring and office
         equipment.

         WORKING DAY shall mean the period from 9:00 A.M. until 5:00 P.M. on any
         Monday through Friday, excluding federal and Georgia state holidays. By
         way of illustration, any period described in this Work Letter as
         expiring at the end of the third (3rd) Working Day after receipt of a
         document, then: (i) if receipt occurs at 9:01 A.M. on Monday, said
         period shall expire at 5:00 P.M. on the following Thursday; and (ii) if
         receipt occurs at 4:59 P.M. on Wednesday, the period shall expire at
         5:00 P.M. on the following Monday.

                    ARTICLE 2. TENANT SPACE PLANS AND TENANT
                      IMPROVEMENT PLANS AND SPECIFICATIONS

SECTION 2.01  SCHEDULE FOR PREPARATION

Landlord shall contract with Architect for the preparation of the Tenant Space
Plans and Tenant Improvement Construction Documents. Tenant Space Plans and
Tenant Improvement Construction Documents for the Tenant Improvements shall be
prepared by Architect and consented to by Tenant as provided hereinbelow. Tenant
Space Plans shall be prepared and sealed by an architect licensed in Georgia.

1.       As soon as reasonably possible (but in no event later than February 15,
         2001) Tenant shall provide Architect all specifications, information
         and documents necessary to enable Architect to prepare the Tenant Space
         Plans.

2.       Within ten (10) Working Days after receipt of all items described in
         Section 2.01(1) above, Architect shall prepare and deliver to Tenant
         the Tenant Space Plans.

3.       By the end of the third (3rd) full Working Day after receipt of the
         Tenant Space Plans, Tenant shall review and resubmit the same to
         Architect, either with Tenant's consent or with Tenant's comments
         thereto.

4.       By the end of the third (3rd) full Working Day after receipt of
         Tenant's comments to the Tenant Space Plans, Architect shall resubmit
         to Tenant the Tenant Space Plans with such changes or information as
         requested by Tenant.

5.       This process described in Section 2.01(2),(3) and (4) shall continue
         until Tenant has satisfied itself that such proposed Tenant Space Plans
         are acceptable, but once Tenant Space Plans have been resubmitted to
         Tenant, Tenant shall confine Tenant's comments thereupon only to the
         changes made by Architect or changes requested by Tenant to the prior
         submission of Tenant Space Plans, but not made by Architect. Once
         Tenant has satisfied itself that such proposed Tenant Space Plans are
         acceptable Tenant shall notify Landlord, and the Tenant Space Plans as
         so consented to by Tenant shall constitute the final Tenant Space
         Plans. When Tenant gives such final consent, Landlord shall notify
         Tenant of the amount of time Landlord estimates, in Landlord's
         reasonable judgment, Substantial Completion of Tenant Improvements
         within the portion of the Premises shown on such Tenant Space Plans
         will require.

                                       2

<Page>

6.       After final consent to the Tenant Space Plans, Architect shall prepare
         and deliver to Tenant the prepared Tenant Improvement Construction
         Documents.

7.       By the end of the third (3rd) full Working Day after receipt of the
         Tenant Improvement Construction Documents, Tenant shall review and
         resubmit the same to Architect, either with Tenant's consent or
         comments thereto.

8.       By the end of the third (3rd) full Working Day after receipt of
         Tenant's comments to the Tenant Improvement Construction Documents,
         Architect shall resubmit to Tenant the Tenant Improvement Construction
         Documents with such changes or information as requested by Tenant.

9.       The process described in Section 2.01(6), (7) and (8) shall continue
         until Tenant is satisfied that such proposed Tenant Improvement
         Construction Documents are acceptable, but once Tenant Improvement
         Construction Documents have been resubmitted to Tenant, Tenant shall
         confine Tenant's comments thereupon only to changes made by Architect
         or the changes requested by Tenant to the prior submission of Tenant
         Improvement Construction Documents, but not made by Landlord's
         Architect. Once Tenant is satisfied that such proposed Tenant
         Improvement Construction Documents are acceptable, Tenant shall notify
         Landlord, and the Tenant Improvement Construction Documents consented
         to by Tenant shall constitute the final Tenant Improvement Construction
         Documents.

10.      Any approval or consent by Landlord of any items submitted by Tenant to
         and/or reviewed by Landlord pursuant to this Work Letter shall be
         deemed to be strictly limited to an acknowledgment of approval or
         consent by Landlord thereto and shall not imply or be deemed to imply
         any representation or warranty by Landlord that the design is safe or
         structurally sound or will comply with any legal or governmental
         requirements. Any deficiency, mistake or error in design (expressly
         excluding the engineering drawings), although the same has the consent
         or approval of Landlord, shall be the sole responsibility of Tenant,
         and Tenant shall be liable for all costs and expenses which may be
         incurred and all delays suffered in connection with or resulting from
         any such deficiency, mistake or error in design.

                 ARTICLE 3. CONSTRUCTION OF TENANT IMPROVEMENTS

SECTION 3.01  PRICING OF TENANT IMPROVEMENTS

(a) Within ten (10) Working Days after final approval of the Tenant Improvement
Construction Documents, Landlord shall obtain price proposals for the Tenant
Improvements from the prospective Contractors. Such price proposals shall be
subject to Tenant's review and approval, which approval shall not be
unreasonably withheld or delayed. Should Tenant desire to seek adjustments of
such price proposals, Tenant shall (i) work promptly with Architect and
Contractor to alter the Tenant Improvement Construction Documents to cause the
price quotation to be acceptable to Tenant and to establish the Tenant
Improvement Costs, or (ii) elect to rebid the Tenant Improvement Construction
Documents to another qualified general contractor. Upon determination of the
Tenant Improvement Costs and the written approval of the Tenant Improvement
Construction Documents by Tenant, Tenant shall have given final approval of the
same, and Landlord shall be authorized to proceed to contract with the selected
Contractor for the construction and installation of the Tenant Improvements in
accordance with the Tenant Improvement Construction Documents.

(b) Included in the pricing for the Tenant Improvements shall be the cost of
those Building Standard Materials not pre-purchased by Landlord which Tenant is
obligated to purchase under this Work Letter, which shall be purchased by Tenant
in appropriate quantities for the Premises. The cost of such Building Standard
Materials shall be charged against the Allowance, to the extent available.

(c) If Tenant has, as a part of any specifications for the Tenant Improvements,
designated Building Standard Materials or a standard that allows for equivalent
quality items and would permit the use of Building Standard Materials, Landlord
shall have the right, to sell those Building Standard Materials to Tenant at a
competitive price for such item (on a unit cost basis) by the bidder selected to
perform that portion of the work which will be using the Building Standard
Materials in question. Any such costs shall be charged against the Allowance, to
the extent available.

                                       3

<Page>

(d) Included in the pricing will be the installation costs of the
pre-purchased Building Standard Materials defined in ATTACHMENT "1". These
materials are required to be utilized where similar types of materials are
specified in the Tenant Improvement Construction Documents.

SECTION 3.02  CONSTRUCTION OF TENANT IMPROVEMENTS.

         Landlord will enter into a Construction Contract with Contractor to
construct the Tenant Improvements.

SECTION 3.03  TENANT DELAY

If there is delay in achieving Substantial Completion of Tenant's
Improvements as a result of or in connection with:

         A.       Tenant's failure to furnish any information or documents in
                  accordance with this Work Letter;

         B.       Tenant's request for materials, finishes or installations
                  other than Building Standard Materials, finishes or
                  installations;

         C.       Any Change Order, including any change in the Tenant
                  Improvement Construction Documents made pursuant to Section
                  3.01 hereof and any failure by Tenant to respond to a "Change
                  Order Effect Notice" (as herein defined) within the time
                  period required hereunder;

         D.       Tenant's failure to respond within any of the time periods
                  specified herein;

         E.       If in the performance or prosecution of Tenant's Work,
                  Tenant's employees or agents interfere with or in any manner
                  hinder Contractor from prosecuting to the fullest extent
                  possible the Tenant Improvements work; or

         F.       Tenant shall elect to rebid the Tenant Improvement
                  Construction Documents to another qualified general contractor
                  as provided for in Section 3.01(a) herein.

         then such shall be a "Tenant Delay", and for each of such day of Tenant
         Delay, Landlord shall have an additional day to complete the work
         required hereunder.

SECTION 3.04  COMPLETION OF PREMISES

         A.       The Premises shall be substantially completed, as to any
                  floor, and Substantial Completion shall have occurred, as to
                  any floor, upon the following:

                  (i)      Tenant Improvements shall have been completed as to
                           the floor in substantial compliance with the
                           Construction Contract, except for Punch List Items
                           and otherwise sufficient so that Landlord's Architect
                           can execute the most recently published version of
                           AIA form G704, titled "Certificate of Substantial
                           Completion"; and

                  (ii)     Landlord shall have obtained a certificate of
                           occupancy (or evidence reasonable satisfactory to
                           Tenant that upon completion of the Tenant's Work, a
                           certificate of occupancy will be issued) for the
                           Premises in question, permitting use of the floor of
                           the Premises in question;

provided, the extent compliance with the conditions set forth above would
have occurred earlier but for Tenant Delay, then compliance with such
condition shall be deemed to have occurred on the date it would have occurred
but for the Tenant Delay.

SECTION 3.05  CHANGES IN PLANS AND SPECIFICATIONS

A. If at any time after the Tenant Improvement Costs are determined, Tenant
desires to make Change Orders, Tenant shall submit to Landlord for pricing by
Contractor working drawings and specifications for any and all such desired
Change Order. Landlord shall respond to Tenant, within five (5) Working Days
of such request by Tenant, with an estimate of the effect of such desired
Change Order on Tenant

                                      4
<Page>

Improvement Costs and the schedule of anticipated Substantial Completion (the
"Change Order Effect Notice"). Tenant shall have three (3) Working Days to
respond to such Change Order Effect Notice, with the authorization required
hereunder, although Tenant may, within said three (3) Working Day period,
request more time to finally respond to the Change Order Effect Notice. A
failure by Tenant to respond to any such Change Order Effect Notice shall be
denial of consent, and, upon denial, Contractor shall proceed with its work
in accordance with the Tenant Improvement Construction Documents. Once the
cost and the schedule change, if any, for such Change Order has been approved
by Tenant, all references in this Work Agreement to the "Tenant Improvement
Construction Documents" shall be to the Tenant Improvement Construction
Documents, as changed pursuant to this Section 3.05, and all references to
"Tenant Improvement Costs" shall include the net aggregate approved cost for
the Change Orders determined in this Section 3.05 (after taking into account
any savings affected by such Change Order).

B. Once the Change Order, the costs therefor and the schedule change
associated therewith have been approved and a form evidencing such approval
executed by Tenant, satisfactory to Landlord, is delivered to Landlord,
Tenant shall have given full authorization to Landlord to cause Contractor to
proceed with the work of constructing the Tenant Improvements in accordance
with the Tenant Improvement Construction Documents as so modified; provided
that any changes required by Tenant which constitute a material deviation
from the previously approved Tenant Improvement Construction Documents shall
be effective only after the approval of Landlord, not to be unreasonably
withheld or delayed, unless such change would result in a material delay in
the completion of the work being done by Contractor.

SECTION 3.06  GENERAL PROVISIONS APPLICABLE TO TENANT'S WORK

1.       Landlord will require a high grade, first-class operation to be
         conducted in the Premises. Tenant's Work shall be performed in a
         first-class manner, using new and first-class, quality materials.
         Tenant's Work shall be constructed and installed in accordance with all
         applicable laws, ordinances, codes and rules and regulations of
         governmental authorities. Tenant shall promptly correct any of Tenant's
         Work which is not in conformance therewith.

2.       Landlord shall use reasonable efforts to give notice to Tenant of the
         projected date by which Landlord shall have completed Tenant
         Improvements at least seven (7) days prior to said date, so Tenant has
         access to the Premises for the performance of Tenant's Work. Tenant
         shall commence the performance of such work and diligently pursue such
         work to completion. Tenant's contract parties and subcontractors shall
         be subject to administrative supervisions by Landlord in their use of
         the Building and their relationship with Contractor, or contractors of
         other tenants in the Building. The entry by Tenant and/or its contract
         parties into the Premises for the performance of Tenant's Work shall be
         subject to the Lease, except the payment of Rent. If Landlord allows
         Tenant and/or its contract parties to enter the Premises and commence
         the performance of Tenant's Work prior to the Completion Date, such
         entry by Tenant shall be at Tenant's sole risk.

3.       Tenant's Work shall be coordinated and conducted to maintain harmonious
         labor relations and not (a) to interfere unreasonably with or to delay
         the completion of any work being per-formed by Contractor or by any
         other tenant in the Building; or (b) to interfere with or disrupt the
         use and peaceful enjoyment of other tenants in the Building. Contractor
         shall have priority over Tenant's Work.

4.       Tenant and Tenant's contract parties shall perform work, including any
         storage for construction purposes, within the Premises only. Tenant
         shall be responsible for removal, as needed, from the Premises and the
         Building of all trash, rubbish, and surplus materials resulting from
         any work performed in the Premises. Tenant shall exercise care and
         diligence in removing such trash, rubbish, or surplus materials from
         the Premises to avoid littering, marring, or damaging any portion of
         the Building. If any such trash, rubbish, or surplus materials are not
         promptly removed from the Building in accordance with the provisions
         hereof or if any portion of the Building is littered, marred, or
         damaged, Landlord may cause same to be removed or repaired, at Tenant's
         cost and expense. Tenant shall pay Landlord all such costs and expenses
         promptly upon demand therefor.

                                       5
<Page>

                           ARTICLE 4. PAYMENT OF COSTS

SECTION 4.01  ALLOWANCE FOR TENANT IMPROVEMENT COSTS

Landlord shall pay the Tenant Improvement Costs, up to, but not in excess of
the Allowance. The Allowance is applicable to Tenant Improvements.

SECTION 4.02  TENANT'S COSTS

Tenant shall pay Tenant's Costs to Landlord, including (i) Tenant Improvement
Costs (if any) in excess of the Allowance; and (ii) the cost of preparing and
finalizing all drawings and specifications, and all fees for architects,
engineers, interior designers, and other professionals and design specialists
incurred by Landlord or Tenant in connection with the Tenant Improvements.

SECTION 4.03 PAYMENT OF TENANT'S COSTS

Tenant shall pay fifty percent (50%) of Tenant's Costs to Landlord, or such
other party as Landlord shall designate, prior to the time Landlord is
required to fund any portion of the Allowance, and the remainder of such
Tenant's Costs within thirty (30) days of Substantial Completion of the
Premises. Failure by Tenant to pay Tenant's Costs in accordance with this
Article shall be a failure by Tenant to pay Rent when due under the Lease.

                       ARTICLE 5. CONTRACTOR REQUIREMENTS

         A.       The prospective bidders for the engagement as "Contractor"
                  shall be:

                  (i)      Raven Construction
                  (ii)     Hardin Interior Services
                  (iii)    Genoa Construction
                  (iv)     Choate Construction
                  (v)      Parker Construction
                  (vi)     K. R. Witwer
                  (vii)    Schoppman Freese

                  Landlord and Tenant shall in their respective reasonable
                  judgment agree on any other Contractors authorized to be a
                  prospective bidder.

         B.       Landlord shall be responsible for preparing bid instructions
                  to prospective contractors. Landlord shall receive, qualify
                  and determine the responsiveness of all bids. Tenant may elect
                  to perform any bid related functions in lieu of Landlord or
                  elect to review Landlord's preparation of same. If Tenant
                  elects to perform such services, Landlord shall have the right
                  to review such work and services.

         C.       All bids from such potential contractors shall be required to
                  be submitted on or before ten (10) business days after such
                  potential contractors receipt from Landlord of Tenant Space
                  Plans or Building Plans and Specifications sufficient to
                  generate a bid with a maximum price quoted. From such bids,
                  Tenant shall select Contractor.

                    ARTICLE 6. DESIGNATION OF REPRESENTATIVES

SECTION 6.01 LANDLORD'S AGENT

Landlord hereby designates Construction Manager to act as its authorized
representative on this Work Agreement. Any response from such person under
this Work Agreement shall be the response of Landlord.

SECTION 6.02 TENANT'S AGENT

Tenant hereby designates Facilitec to act as its authorized representative on
this Work Agreement. Any response from such person under this Work Agreement
shall be the response of Tenant.

SECTION 6.03 MUTUAL COOPERATION

                                      6
<Page>

Landlord's Agent and Tenant's Agent shall cooperate with one another in
coordinating Substantial Completion of Tenant's Work, and in controlling and
minimizing the time and costs of the Tenant Improvements and Tenant Work.

                            ARTICLE 7. ADA COMPLIANCE

SECTION 7.01 BUILDING

Tenant shall not be obligated to pay for Base Building compliance with the
American's with Disability Act ("ADA"), unless such compliance arises out of
Tenant's specific use of the Premises and Building.

SECTION 7.02 TENANT'S IMPROVEMENTS

Tenant Improvements shall be and Tenant shall cause the Tenant Space Plan to
be in compliance with the ADA, to the extent the ADA requirements are
applicable and mandatory and are not voluntary (but not mandatory) for such
Tenant Improvements.

                                      7
<Page>

                                 ATTACHMENT "1"

                           BUILDING STANDARD CONDITION

                               AND LANDLORD'S WORK

TYPICAL FLOOR ELEVATOR LOBBIES:

         i.       Single tenant lobby to be unfinished, primed elevator doors
                  and elevator fixtures in place, walls taped and sanded ready
                  for future finishes. No ceiling, no lights or diffusers.

         ii.      Multi tenant lobby to be finished with fabric wallcovering
                  ($2/SF allowance material only), 6" stained wood base,
                  coffered drywall ceiling with 2 each decorative pendant lights
                  and 6 each PL down lights. One hour corridor walls are
                  constructed to the deck and receive vinyl wall covering and
                  vinyl base. Lighting is provided by 8 inch PL down lights
                  spaced 8 feet on center in an acoustical ceiling.

TOILETS:

         i.       Floor: 12" x 12" porcelain tile in custom pattern, 3 colors.

         ii.      Walls: 12" x 12" porcelain tile on wet walls only. Other walls
                  to be vinyl wall covering.

         iii.     Ceilings: Upgraded 2' x 2' lay-in acoustical tile ceiling, PL
                  down lights and cove lights. Provide natural stone vanity tops
                  with plastic laminated skirt.

         iv.      Toilet Partitions: Each toilet compartment to be an individual
                  room, three-sided drywall, full height, with front wall of
                  stained louvered wood door. Urinal Screen to be full height
                  drywall. 12" x 12" porcelain tiles per above allowance on wet
                  wall only.

         v.       Toilet Accessories:  Stainless steel, satin finish.

TENANT SPACE:

         i.       Floors:  Broom clean concrete.

         ii.      Core Walls: Taped and sanded gypsum board ready for final
                  finish at core. Metal studs only at exterior knee walls. No
                  drywall surrounds columns, except perimeter columns have metal
                  studs only.

         iii.     Ceilings: Provide 2' x 4' ceiling grid in place at 9' a.f.f.
                  with 2' by 2' acoustical tiles and 2' cross T's stacked on
                  floors.

         iv.      Interior Doors: Honduras Mahogany veneer solid core wood
                  doors, 3'-0"x8'-9" with polished stainless steel hardware
                  typical. Specified only, no pre-purchase.

         v.       Window Treatment: Provide 1" Horizontal perforated blinds,
                  color to match mullions.

         vi.      Light fixtures: Provide high efficiency 2'x4' 18 cell
                  parabolic reflector fluorescent fixtures at a ratio of 12
                  ea/1000USF, stacked on the floors.

         vii.     HVAC Air distribution: Provide 2'x2' diffusers, spin-ins and
                  8' of flex duct per diffuser stacked on the floors at a ratio
                  of 6.5 ea/ 1000USF of the interior zone. Provide and install
                  the perimeter slot diffusers to cover the 15' perimeter zone
                  around each floor. Landlord shall supply main interior loop,
                  ductwork to VAV boxes, with approximately 23 zones per floor.
                  Occupancy load shall not be less than one (1) person per 150
                  usable square feet. The HVAC equipment shall maintain the

<Page>

                  following conditions maintained to plus or minus 2 degrees
                  Fahrenheit, based upon the local conditions specified in the
                  1993 edition of ASHRAE HANDBOOK OF FUNDAMENTALS:

                           a)       Summer indoor shall be 75 degrees F.D.B. and
                                    50% maximum relative humidity.

                           b)       Winter indoor shall be 70 degrees F.D.B.

                  A full DDC control system shall be provided to control all
                  handling units, pumps, chillers, cooling tower, terminal
                  units, elevator machine room and cooling systems. The control
                  system shall have the infrastructure installed to accommodate
                  twelve (12) future A.C. units per floor.

                  The system shall be a VAV, self contained unit, complete with
                  electronic controls and economizer coil, variable frequency
                  drive Trane SWUD.

         viii.    All enclosures to be uniform in shape, hide all piping and
                  irregular conditions and be complete with blind pockets,
                  facias, blocking and pocket ceilings.

FIRE PROTECTION/LIFE SAFETY SYSTEM:

         i.       Building to be fully sprinkled (except in elevator equipment
                  rooms) as required by code. The sprinkler riser, the main loop
                  and branch lines will be in place, on a 14 ft. grid, prior to
                  commencement of tenant construction modifications and
                  extensions in the tenant's useable area or part of tenant
                  allowance.

         ii.      Fire Protection and Life Safety System. A complete zoned
                  supervised addressable fire alarm and life safety system shall
                  be provided including, but not limited to pull stations strobe
                  lights, pressured stairwells, thermal detectors, switch
                  detectors, flow switches, speakers, annunciator panel and
                  control panel for core and public areas only. The fire
                  protection and life safety systems shall comply with all
                  building codes. Emergency procedure manuals will be in place
                  at time of occupancy. Extensions to the system into the
                  tenant's useable area are part of tenant allowance.

         iii.     Emergency power shall be supplied using a 1,000 KW diesel
                  generator with 500-gallon skid mounted double wall fuel tank.
                  The generator will serve life safety systems such as lighting,
                  elevators, stair pressurization, emergency outlets and the
                  fire alarm systems.

                  The generator shall also provide emergency power to the fire
                  pump through a combination transfer switch/controller and
                  feeder. Emergency fixtures shall be located in stairwells,
                  corridors, building exit lobbies, and toilet rooms and
                  required tenant areas during tenant fit-up.

FLOOR LOADING:

         i.       Cast in place 80 lb. live load/20 lb. partition load concrete
                  structure with post-tensioned beams. Floor to floor height to
                  be 12 feet 6 inches.

EXTERIOR GLAZING:

         i.       Custom window wall system with painted aluminum mullions in 2
                  coat Duranax or equal paint on exterior and enamel paint on
                  interior.

         ii.      Glazing to be 1 inch insulating high performance glass with
                  outboard lite of tinted, high performance and low-e coated
                  glass (blue green) in main lobby and inboard lite of clear
                  glass, heat strengthened or tempered as required.

                                      2
<Page>

ELEVATORS:

         i.       Ten (10) gearless tractor passenger elevators (five (5) cars
                  in low rise bank at 500 fpm and five (5) cars in high rise at
                  1,000 fpm). Capacity of 3,500 lbs.

         ii.      One (1) service geared traction elevator with speed of 1/50
                  fpm, Capacity of 4,500 lbs.

         iii.     One (1) hydraulic elevator to service lower level parking with
                  speed of 150 fpm. Capacity of 3,500 lbs.

         iv.      Cabs will be furnished with control panels that provide an on
                  board message center, voice annunciator system and keyboard
                  access system.

ELECTRICAL / TELECOMMUNICATIONS:

         i.       Electrical systems comparable to Class A office buildings in
                  Atlanta with bus duct risers and j-box grid overhead on
                  typical floors. There is at least 6.0 watts per usable square
                  foot, for tenant load only, plus core area building loads.

                  208/120 volt, 3 phase, 4 wire service for lighting, receptacle
                  and miscellaneous power.

         ii.      Grounding shall be in accordance with NEC 250. The ground
                  systems shall connect to the main switchboard, water pipes and
                  building steel. The grounding systems shall have a maximum 25
                  ohms to ground resistance.

                  High rise emergency generator power, for alarm and
                  communications systems as required by code, ADA and Georgia
                  Handicap code.

                  Leading edge "Smart Building" features such as fiber optic
                  supported phone switching, teleconferencing and satellite link
                  communications (raceways, sleeves and conduit to be provided
                  by G.C., Systems to be provided by the Landlord). The building
                  telephone system shall consist of 2 separate 4 inch
                  underground conduit feeders from the telephone company manhole
                  to the main telephone room in order to provide a diverse route
                  in event of service interruption.

                                       3
<Page>

                                   EXHIBIT "E"

                           ACCEPTANCE OF PREMISES AND
                           MEMORANDUM CONFIRMING TERM

         THIS MEMORANDUM ("Memorandum") is made as of __________, 19__ between
___________________________ ("Landlord") and _____________________,
a__________________ ("Tenant"), pursuant to that certain Lease Agreement between
Landlord and Tenant dated as of ______________, 19__ (the "Lease") for the
premises located at ________________________, ____________________ (the
"Premises") and more particularly described in the Lease. All
initial-capitalized terms used in this Memorandum have the meanings ascribed to
them in the Lease.

     1. Landlord and Tenant hereby confirm that:

            (a)      The Commencement Date of the Term is ________, 19___;

            (b)      The Expiration Date of the Term is _______, 19__; and

            (c)      The date rental commences under the Lease is _______, 19__.

     2. Tenant hereby confirms that:

            (a) All commitments, arrangements or understandings made to
induce Tenant to enter into the Lease have been satisfied;

            (b) All space and improvements have been completed and furnished
in accordance with the provisions of the Lease; and

            (c) Tenant has accepted and is in full and complete possession of
the Premises.

     3. This Memorandum shall be binding upon and inure to the benefit of the
parties and their permitted successors and assigns.

     IN WITNESS WHEREOF, the parties have executed this Memorandum as of the
date first set forth above.

LANDLORD:                                      TENANT:

By:                                   By:
    -------------------------            ------------------------------------
       Authorized Representative      Its:
                                            ------------------------------------

<Page>

                                   EXHIBIT "F"

                              RULES AND REGULATIONS

                  The rules and regulations set forth in this Exhibit shall
be and hereby are made a part of the Lease to which they are attached.
Whenever the term "Tenant" is used in these rules and regulations, it shall
be deemed to include Tenant, its employees or agents and any other persons
permitted by Tenant to occupy or enter the Premises. The following rules and
regulations may from time to time be modified by Landlord in the manner set
forth in Paragraph 29 of the Lease.

     1. OBSTRUCTION. The sidewalks, entries, passages, corridors, halls,
lobbies, stairways, elevators and other common facilities of the Building
shall be controlled by Landlord and shall not be obstructed by Tenant or used
for any purposes other than ingress or egress to and from the Premises.
Tenant shall not place any item in any of such locations, whether or not any
such item constitutes an obstruction, without the prior written consent of
Landlord. Landlord shall have the right to remove any obstruction or any such
item without notice to Tenant and at the expense of Tenant. The floors,
skylights and windows that reflect or admit light into any place in said
Building shall not be covered or obstructed by Tenant.

     2. ORDINARY BUSINESS HOURS. Whenever used in the Lease or in these rules
and regulations, the ordinary business hours of the Building shall be from
8:00 A.M. to 6:00 P.M. Monday through Friday and 8:00 A.M. to 1:00 P.M.
Saturday of each week, excluding the legal holidays of New Year's Day,
Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day,
and any other holidays observed by owners of comparable buildings (the
"Holidays").

     3. DELIVERIES. Tenant shall insure that all deliveries of supplies to
the Premises shall be made only upon the elevator designated by Landlord for
deliveries and only during the ordinary business hours of the Building. If
any person delivering supplies to Tenant damages the elevator or any other
part of the Building, Tenant shall pay to Landlord upon demand the amount
required to repair such damage.

     4. MOVING. Furniture and equipment shall be moved in or out of the
Building only upon the elevator designated by Landlord for deliveries and
then only during such reasonable hours and in such manner as may be
prescribed by Landlord. Landlord shall have the right to approve or
disapprove the movers or moving company employed by Tenant and Tenant shall
cause such movers to use only the loading facilities and elevator designated
by Landlord. If Tenant's movers damage the elevator or any other part of the
Building, Tenant shall pay to Landlord upon demand the amount required to
repair such damage.

     5. HEAVY ARTICLES. No safe or article the weight of which may, in the
reasonable opinion of Landlord, constitute a hazard or damage to the Building
or its equipment, shall be moved into the Premises. Landlord shall have the
right to designate the location of such articles in the Premises. Safes and
other heavy equipment, the weight of which will not constitute a hazard or
damage the Building or its equipment shall be moved into, from or about the
Building only during such hours and in such manner as shall be reasonably
prescribed by Landlord.

     6. NUISANCE. Tenant shall not do or permit anything to be done in the
Premises, or bring or keep anything therein which would in any way constitute
a nuisance or waste, or obstruct or interfere with the rights of other
tenants of the Building, or in any way injure or annoy them, or conflict with
the laws relating to fire, or with any regulations of the fire department or
with any insurance policy upon the Building or any part thereof, or conflict
with any of the rules or ordinances of any governmental authority having
jurisdiction over the Building.

     7. BUILDING SECURITY. Landlord may restrict access to and from the
Premises and the Building outside of the ordinary business hours of the
Building. Landlord may require identification of persons entering and leaving
the Building during this period and, for this purpose, may issue Building
passes to tenants of the Building.

     8. PASS KEY. The janitor of the Building may at all times keep a pass
key to the Premises, and he and other agents of Landlord shall at all
reasonable times be allowed admittance to the Premises.

<Page>

     9. LOCKS AND KEYS FOR PREMISES. No additional lock or locks shall be
placed by Tenant on any door in the Building and no existing lock shall be
changed unless the written consent of Landlord shall first have been
obtained. One hundred forty (140) keys to the Premises and to the toilet
rooms, if locked by Landlord, will be furnished by Landlord, and Tenant shall
not have any duplicate key made. At the termination of this tenancy Tenant
shall promptly return to Landlord all keys to the Building, Premises and
toilet rooms.

     10. SIGNS. Signs on Tenant's entrance doors will be provided for Tenant
by Landlord, the cost of the signs to be charged to and paid for by Tenant.
No advertisement, sign or other notice shall be inscribed, painted or affixed
on any part of the outside or inside of the Building, except upon the
interior doors as permitted by Landlord, which advertisement, signs, or other
notices shall be of Building standard order, size and style, and at such
places as shall be designated by Landlord.

     11. USE OF WATER FIXTURES. Water closets and other water fixtures shall
not be used for any purpose other than that for which the same are intended,
and any damage resulting to the same from misuse on the part of Tenant shall
be paid for by Tenant. No person shall waste water by tying back or wedging
the faucets or in any other manner.

     12. NO ANIMALS, EXCESSIVE NOISE. No animals shall be allowed in the
offices, halls, corridors and elevators in the Building. No person shall
disturb the tenants of this or adjoining buildings or space by the use of any
radio or musical instrument or by the making of loud or improper noises.

     13. BICYCLES. Bicycles or other vehicles shall not be permitted anywhere
inside or on the sidewalks outside of the Building, except in those areas
designated by Landlord for bicycle parking.

     14. TRASH. Tenant shall not allow anything to be placed on the outside
of the Building, nor shall anything be thrown by Tenant out of the windows or
doors, or down the corridors, elevator shafts, or ventilating ducts or shafts
of the Building. All trash shall be placed in receptacles provided by Tenant
on the Premises or in any receptacles provided by Landlord for the Building.

     15. WINDOWS AND ENTRANCE DOORS. Window shades, blinds or curtains of a
uniform Building standard, color and pattern only shall be used throughout
the Building to give uniform color exposure through exterior windows.
Exterior blinds shall remain in the lowered position at all times to provide
uniform exposure from the outside. Tenant entrance doors should be kept
closed at all times in accordance with the fire code.

     16. HAZARDOUS OPERATIONS AND ITEMS. Tenant shall not install or operate
any steam or gas engine or boiler, or carry on any hazardous business in the
Premises without Landlord's prior written consent, which consent may be
withheld in Landlord's absolute discretion. The use of oil, gas or
inflammable liquids for heating, lighting or any other purpose is expressly
prohibited. Explosives or other articles deemed extra hazardous shall not be
brought into the Building.

     17. HOURS FOR REPAIRS, MAINTENANCE AND ALTERATIONS. Any repairs,
maintenance and alterations required or permitted to be done by Tenant under
the Lease shall be done only during the ordinary business hours of the
Building unless Landlord shall have first consented in writing to such work
being done outside of such times. If Tenant desires to have such work done by
Landlord's employees on Saturdays, Sundays, holidays or weekdays outside of
ordinary business hours, Tenant shall pay the extra cost of such labor.

     18. NO DEFACING OF PREMISES. Except as permitted by Landlord, Tenant
shall not mark upon, cut, drill into, drive nails or screws into, or in any
way deface the doors, walls, ceilings, or floors of the Premises or of the
Building, nor shall any connection be made to the electric wires or electric
fixtures without the consent in writing on each occasion of Landlord or its
agents. Any defacement, damage or injury to the Premises or Building caused
by Tenant shall be paid for by Tenant. Nothing contained in this Paragraph
shall prohibit Tenant from decorating the walls of the Premises with such
items as are normally found in first-class, commercial office buildings, so
long as such items are no heavier than twenty (20) pounds.

     19. LIMIT ON EQUIPMENT. Tenant shall not, without Landlord's prior
written consent, which consent shall not be unreasonably withheld or delayed,
install or operate any equipment which will consume in conjunction with
Tenant's other equipment throughout the Premises, an amount of electricity
which exceeds that provided for under the Lease. If Tenant requires any
interior wiring such

                                      2
<Page>

as for a business machine, intercom, printing equipment or copying equipment,
such wiring shall be done by the electrician of the Building only at Tenant's
expense, and no outside wiring persons shall be allowed to do work of this
kind unless by the written consent of Landlord or its representatives. If
telegraphic or telephonic service is desired, the wiring for same shall be
done as directed by the electrician of the Building or by some other employee
of Landlord who may be instructed by the superintendent of the Building to
supervise same, and no boring or cutting for wiring shall be done unless
approved by Landlord or its representatives, as stated.

     20. SOLICITATION. Landlord reserves the right to restrict, control or
prohibit canvassing, soliciting and peddling within the Building.

     21. DOORS. Doors for entrance to and exit from the Premises shall be
kept closed at all times, except when in use for entering or exiting the
Premises.

     22. CAPTIONS. The caption for each of these rules and regulations is
added as a matter of convenience only and shall be considered of no effect in
the construction of any provision or provisions of these rules and
regulations.

     23. NO SMOKING. Landlord shall prohibit smoking in any area other than
certain designated smoking areas in the Building. Landlord shall notify
Tenant of such designated areas from time to time.

     24. NO USE OF BALCONIES. Tenant shall not have the right to use or have
access to the balconies of the Building.

                                      3
<Page>

                                   EXHIBIT "G"

                               SPECIAL STIPULATION

1. RIGHT OF FIRST OFFER;5TH FLOOR. Provided this Lease is then in full force
and effect and Tenant is in full compliance with the terms and conditions of
this Lease, and there is no sublease of any portion of the Premises or
assignment of any of Tenant's interest in the Lease, Tenant shall have a
right of first offer on all of the 5th floor of the Building (the "Expansion
Space"), on the following terms and conditions:

                  (a) Landlord shall give notice to Tenant of Landlord's
desire to lease the Expansion Space, or any portion thereof, at Landlord's
option.

                  (b) Tenant shall have five (5) business days after
Landlord's notice to respond as to whether or not Tenant desires to lease the
Expansion Space so offered to Tenant. If Tenant elects not to lease the
Expansion Space or fails to respond within the five (5) business day period,
Landlord shall be free to lease the Expansion Space to any third party for a
period of six (6) months following the date the notice was delivered to
Tenant. If Landlord has not leased such space to any third party within such
six (6) month period, or if the lease of such third party expires (without
any extensions thereof being exercised) or is terminated prior to the
expiration of the Term hereunder, Tenant's rights under Special Stipulation 3
below, shall again apply to the Expansion Space.

                  (c) If Tenant elects to lease the Expansion Space, the base
rent for the Expansion Space shall be at the same rate of Monthly Rental (on
a per square foot per annum basis) then being paid by Tenant for the
Premises, which rate of Monthly Rental shall increase as provided in the
Lease.

                  (d) The Rent for the Expansion Space shall commence on the
earlier to occur of (i) ninety (90) days after Tenant's notice of election to
lease the Expansion Space, or (ii) the date Tenant first occupies the
Expansion Space.

                  (e) If Tenant elects to lease the Expansion Space, then
Landlord shall cause the tenant fit-up and finish work in the Expansion Space
to be completed in accordance with plans and specifications to be agreed upon
by Landlord and Tenant, in their respective reasonable judgment, and shall
provide an allowance for the tenant fit-up and finish work in the Expansion
Space equal to $30.00 per rentable square foot within the Expansion Space
multiplied by a fraction, the numerator of which shall be the number of
months left in the initial one hundred twenty (120) month Term after Tenant
commences paying rent for the Expansion Space, and the denominator of which
shall be one hundred twenty (120) (the "Expansion Space Allowance"). To the
extent the costs to complete the tenant fit-up and finish work in the
Expansion Space are greater than the Expansion Space Allowance, then the
amount of such excess shall be paid by Tenant to Landlord on demand.

                  (f) Except as expressly set forth to the contrary herein,
all other terms and conditions of this Lease shall apply to the Expansion
Space, and from and after the date Tenant elects to lease the Expansion
Space, the Expansion Space shall be and shall be deemed to be a part of the
Premises.

2. RIGHT OF FIRST OFFER; 8TH FLOOR. Provided this Lease is then in full force
and effect and Tenant is in full compliance with the terms and conditions of
this Lease, and there is no sublease of any portion of the Premises or
assignment of any of Tenant's interest in the Lease, Tenant shall have a
right of first offer on any portion of the 8th floor of the Building not then
leased to Tenant (the "8th Floor Expansion Space"), on the following terms
and conditions:

                  (a) Landlord shall give notice to Tenant of Landlord's
desire to lease the 8th Floor Expansion Space.

                  (b) Tenant shall have five (5) days after Landlord's notice
to respond as to whether or not Tenant desires to lease the 8th Floor
Expansion Space. If Tenant elects not to lease the 8th Floor Expansion Space
or fails to respond within the five (5) day period, then Tenant shall have no
further right to lease the 8th Floor Expansion Space.

                  (c) If Tenant elects to lease the 8th Floor Expansion
Space, the base rent for the 8th Floor Expansion Space shall be at the same
rate of Monthly Rental (on a per square foot

<Page>

per annum basis) then being paid by Tenant for the Premises, which rate of
Monthly Rental shall increase as provided in the Lease.

                  (d) The Rent for the 8th Floor Expansion Space shall
commence on the earlier to occur of (i) sixty (60) days after Tenant's notice
of election to lease the 8th Floor Expansion Space, or (ii) the date Tenant
first occupies the 8th Floor Expansion Space.

                  (e) If Tenant elects to lease the 8th Floor Expansion
Space, then Landlord shall cause the tenant fit-up and finish work in the 8th
Floor Expansion Space to be completed in accordance with plans and
specifications to be agreed upon by Landlord and Tenant, in their respective
reasonable judgment, and shall provide an allowance for the tenant fit-up and
finish work in the 8th Floor Expansion Space equal to $30.00 per rentable
square foot within the 8th Floor Expansion Space multiplied by a fraction,
the numerator of which shall be the number of months left in the initial ten
(10) year Term after Tenant commences paying rent for the 8th Floor Expansion
Space, and the denominator of which shall be one hundred twenty (120) (the
"8th Floor Expansion Space Allowance"). To the extent the costs to complete
the tenant fit-up and finish work in the 8th Floor Expansion Space are
greater than the 8th Floor Expansion Space Allowance, then the amount of such
excess shall be paid by Tenant to Landlord on demand.

                  (f) Except as expressly set forth to the contrary herein,
all other terms and conditions of this Lease shall apply to the 8th Floor
Expansion Space, and from and after the date Tenant elects to lease the 8th
Floor Expansion Space, the 8th Floor Expansion Space shall be and shall be
deemed to be a part of the Premises.

3. RIGHT OF FIRST REFUSAL. Provided this Lease is then in full force and
effect and Tenant is in full compliance with the terms and conditions of this
Lease, and there is no sublease of in excess of fifty percent (50%) of the
rentable square feet within the Premises, Landlord hereby grants Tenant the
right to lease any portion of the 5th floor of the Building not leased to
Tenant under Special Stipulation 1 above, in accordance with the within terms
and conditions. If the Expansion Space has been offered to and not leased by
Tenant, then at any time after the space is initially leased to a third
party, if Landlord receives an offer from an unaffiliated third party to
lease the Expansion Space, upon terms and conditions and at a rental rate
acceptable to Landlord, Landlord shall notify Tenant thereof in writing
setting forth the terms and conditions of such offer, and offering to lease
the Expansion Space to Tenant upon the financial terms contained in the third
party offer. Tenant shall have five (5) days to accept or reject such offer.
If Tenant rejects such offer or fails to respond within said five (5) day
period, then Landlord shall be entitled to rent said space to such third
party on such terms and conditions not materially more favorable than the
terms and conditions offered to Tenant. If Tenant accepts said offer, then
Tenant shall have leased such space upon the financial terms contained in
said offer, and upon the other terms and conditions as contained in this
Lease and for a term co-terminus with the Lease, except that the space shall
be leased "as is, where is". The Rent for said Expansion Space shall commence
on the earlier to occur of (i) ninety (90) days after Tenant accepts such
offer for such Expansion Space, or (ii) on the date Tenant occupies said
Expansion Space.

4. RENEWAL OF LEASE. (a) Provided this Lease is then in full force and effect
and Tenant is in full compliance with the terms and conditions of this Lease,
and there is no sublease of in excess of fifty percent (50%) of the rentable
square feet within the Premises, Landlord hereby grants to Tenant an option
to renew this Lease for one period of five (5) years (the "Renewal Term"), at
a rental rate equal to the rental rate set forth in Special Stipulation 3(b)
below. Tenant shall notify Landlord no less than nine (9) months prior to the
end of the Term if Tenant desires to renew this Lease under the terms of this
Special Stipulation No. 4. If Tenant does give such notice, then the Term
shall be extended by said five (5) year period, upon the same terms and
conditions as contained in this Lease, except that there shall be no
allowances available except as expressly set forth in this Special
Stipulation 4, and the rent for such period shall be the rent as set forth in
Special Stipulation 4(b) below, with Tenant's Share of Operating Costs being
due and payable by Tenant, in addition to the amounts set forth below, on the
same basis as they were paid during the initial Term. There shall be a
refurbishment allowance available to Tenant for such Renewal Term, of Five
and No/100 Dollars ($5.00) per rentable square foot therein, for work in and
improvements actually made in the Premises. Such refurbishment allowance
shall be available and shall be funded at the commencement of the Renewal
Term. If Tenant fails to give such notice of desired renewal within said
period set forth above, then Tenant shall have no further rights to renew or
extend the Term.

     (b) The rental rate due from Tenant for the Renewal Term shall be as
follows:

                                      2
<Page>

<Table>
<Caption>
                                                  BASE RENTAL (PER
                                                RENTABLE SQUARE FOOT           ANNUAL                 MONTHLY
                    PERIOD                            PER ANNUM)             BASE RENTAL            BASE RENTAL
                    ------                      --------------------         -----------            -----------
<S>                                             <C>                         <C>                     <C>
October 1, 2011 - September 30, 2012                   $33.597              $2,015,820.00           $167,985.00
October 1, 2012 - September 30, 2013                   $34.335              $2,060,100.00           $171,675.00
October 1, 2013 - September 30, 2014                   $35.095              $2,105,700.00           $175,475.00
October 1, 2014 - September 30, 2015                   $35.878              $2,152,680.00           $179,390.00
October 1, 2015 - September 30, 2016                   $36.684              $2,201,040.00           $183,420.00
</Table>

5. MOVING ALLOWANCE AND REBATED EXPENSES. If Tenant is in full compliance
with the terms and conditions of this Lease, then within thirty (30) days
after Tenant's acceptance of the Premises, as evidenced by an Acceptance of
Premises Letter duly executed and delivered by Tenant, Landlord shall pay to
Tenant, by Landlord's check, an amount equal to $2.50 per rentable square
foot of space initially leased by Tenant, not to exceed $150,000.00 in total.

6. POSSIBLE MONUMENT SIGN. If Landlord is permitted to construct a monument
sign on the Property, which Landlord has made no representation to Tenant
that it is entitled to do, then Landlord shall so construct such sign with a
design and in a location as Landlord elects, in Landlord's sole discretion.
Tenant (but no assignee or sublessee) shall be entitled to place its name on
such monument sign. Tenant's name shall be afforded prominence upon such
sign, generally in the same manner and size that the names of the entities
currently known as: "McGuire, Woods, Battle & Boothe, LLP", "Lord, Bissell &
Brook"; "West Wayne, Inc."; and "HQ Global" are displayed on such sign.

                                      3
<Page>

                                   EXHIBIT "H"

After recording, please return to:

Alvis Campbell, Esq.
Jones, Day, Reavis & Pogue
303 Peachtree Street, N.E.
3500 Sun Trust Plaza
Atlanta, Georgia  30308

                       SUBORDINATION, NON-DISTURBANCE AND
                              ATTORNMENT AGREEMENT

         THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (this
"AGREEMENT"), is made this _____ day of ____________, 2000, by and among
__________________________________, ("TENANT"); PROSCENIUM, LLC, a Georgia
limited liability company ("LANDLORD"); and CONNECTICUT GENERAL LIFE
INSURANCE COMPANY ("LENDER"), a party to that certain Construction Loan
Agreement (together with all extensions, modifications, and renewals thereto
referred to herein as the "LOAN AGREEMENT"), dated August ___, 1999, by and
among Landlord and Lender.

                                   WITNESSETH

         WHEREAS, Landlord is the owner of certain real and personal property
located in Atlanta, Fulton County, Georgia and described on EXHIBIT A
attached hereto (the "PROPERTY");

         WHEREAS, Landlord intends to construct upon the Property a
twenty-three story office building with parking and related amenities (the
"BUILDING");

         WHEREAS, the Building will have an address of 1170 Peachtree Street and
will be named "The Proscenium;"

         WHEREAS, Landlord and Tent have entered into a certain lease, dated
_____________ (the "LEASE"), relating to a portion of the Building, as more
particularly described in EXHIBIT B attached hereto (the "PREMISES"), whereby
Tenant will be allowed to occupy the Premises following completion of the
Building;

         WHEREAS, pursuant to the Loan Agreement, Lender and the other lender
parties thereto had made a loan to Landlord (the "LOAN"), secured in part by
a Deed to Secure Debt and Security Agreement, dated August ___, 1999,
recorded in the Fulton County Records (the "SECURITY DEED"), an assignment of
leases and rents, and such other instruments, agreements, and documents as
Lender may require encumbering the Property (the Loan Agreement, the Security
Deed, and any and all such other agreements, assignments, and documents given
to evidence or secure the Loan, as they may be hereafter amended, renewed,
modified, consolidated, replaced, substituted, or extended, from time to
time, are hereinafter collectively referred to as the "LOAN DOCUMENTS"); and

                                     -4-
<Page>

         WHEREAS, Tenant has agreed that the Lease will be subject and
subordinate to the Loan and the Loan Documents, provided Tenant is assured of
continued occupancy of the Premises under the terms of the Lease;

         NOW, THEREFORE, for and in consideration of the mutual covenants
herein contained, the sum of Ten and No/100 Dollars ($10.00), and other good
and valuable considerations, the receipt and sufficiency of which are hereby
acknowledged, and notwithstanding anything in the Lease to the contrary, the
parties hereto agree as follows:

         1. Subject to the terms and conditions of this Agreement, Tenant
hereby subordinates the Lease, together with any and all rights, title,
interests, estates, options, liens, and charges created thereby, to (a) the
Loan, (b) the Loan Documents, (c) any and all advances made thereunder and
indebtedness secured thereby (collectively "Secured Indebtedness"), and (d)
any and all renewals, modifications, amendments, consolidations,
replacements, extensions, transfers, and assignments thereof. Tenant does
hereby covenant and agree that the Lease, together with any and all rights,
title, interests, estates, options, liens, and charges created thereby, is
and will continue to be subject and subordinate in all respects to the Loan
Documents, and to any renewals, modifications, consolidations, replacements,
extensions, transfers, and assignments thereof and to all advancements made
thereunder and to the Secured Indebtedness. Tenant further hereby
acknowledges that the Loan Documents, other than this Agreement, may be
amended from time to time without the consent or knowledge of Tenant.

         2. Lender hereby agrees that, in the event Lender becomes the owner
of the Property by foreclosure, conveyance in lieu of foreclosure, deed under
power, or otherwise, so long as Tenant complies with and performs its
obligations under the Lease (subject to applicable cure periods provided
therein), (i) Lender will take no action which will interfere with or disturb
Tenant's possession or use of the Premises or other rights under the Lease,
(ii) the Premises will be subject to the Lease, and (iii) Lender will
recognize Tenant as the tenant of the Premises for the remainder of the term
of the Lease, as such term may be extended pursuant to the Lease, in
accordance with the provisions thereof. Lender and Tenant hereby agree that,
in the event Lender becomes the owner of the Property as contemplated by this
Paragraph, Lender shall be bound by the obligations of Landlord under the
Lease; provided, however, Lender will not be subject to, bound by, or liable
for any of the following:

               (a) the failure of Landlord to construct or complete the
Premises or any improvements thereto; provided, however, that if the Building
is completed and the Lease remains in full force and effect, Lender shall
make available the Allowance under and in accordance with the Lease, to the
extent the Allowance has not already been funded by Lender to Landlord, for
the exclusive purpose of commencing and completing the build-out improvements
within the Premises;

               (b) any act or omission of Landlord or its successors and
assigns, except for acts or omissions which continue following the date on
which Lender becomes the owner of the Property and of which Lender has been
provided notice;

               (c) any offsets, credits, claims, or defenses which Tenant may
have against Landlord or its successors and assigns;

               (d) any rent, additional rent, security deposits, or other
amounts which Tenant might have paid to Landlord or its successors and
assigns which were paid in advance of the current month;

               (e) any amendment, cancellation, modification, or surrender of
the Lease made without the express written consent of Lender; and

               (f) any other costs, claims, or liabilities which may exceed
an amount equal to Lender's interest in the Property.

                                      -5-
<Page>

         3. Tenant does hereby agree with Lender that, in the event Lender
becomes the owner of the Property by foreclosure, conveyance in lieu of
foreclosure, or otherwise, then Tenant shall attorn to and recognize Lender
as the landlord under the Lease for the remainder of the term thereof, and
Tenant shall perform and observe its obligations thereunder, subject only to
the terms and conditions of the Lease, but subject nevertheless to the
provisions of this Agreement, which Agreement shall be controlling in the
event of any conflict. Tenant shall not be required to pay rent or additional
rent (or other sums payable under the Lease) to Lender until Tenant receives
written notice from Lender that Lender has exercised its right to receive
payment of rent pursuant to the provisions of the Security Deed or other
collateral documents. Tenant further covenants and agrees to execute and
deliver upon request of Lender, or its assigns, an appropriate agreement of
attornment to Lender and any subsequent titleholder of the Property;
provided, however, that Lender or such titleholder recognizes Tenant as its
tenant under the Lease and agrees to be directly bound to Tenant for the
performance and observance of all of the terms and conditions of the Lease
thereafter required to be performed or observed by Landlord thereunder, but
only to the extent such obligations may arise from and after the date on
which Lender becomes the owner of the Property.

         4. So long as the Loan and the Loan Documents remain outstanding and
unsatisfied, Tenant will mail or deliver to Lender, at the address and in the
manner herein provided, a copy of all notices permitted or required to be
given to Landlord by Tenant pursuant to the Lease. Notwithstanding any
provision to the contrary in the Lease, at any time before the rights of
Landlord will have been forfeited or adversely affected because of any
default of Landlord, or within the time permitted Landlord for curing any
default under the Lease as therein provided (but not less than thirty (30)
days from the receipt of notice by Lender), Lender may, but will have no
obligation to, pay any taxes and assessments, make any repairs and
improvements, make any deposits, or do any other act or thing required of
Landlord by the terms of the Lease; and all payments so made and all things
so done and performed by Lender will be as effective to prevent the rights of
Landlord from being forfeited or adversely affected due to any default under
the Lease as the same would have been if timely done and performed by
Landlord. Notwithstanding anything to the contrary herein, nothing in this
Agreement shall be construed or interpreted as extending the time periods
under the Lease in which the Building must be completed and the Premises
delivered to Tenant.

         5. In the event that Lender becomes the owner of the Property, as
contemplated by this Agreement, before the Building is completed, Lender
hereby agrees to declare to Tenant in writing (the "DECLARATION") either that
the Premises (a) will be delivered in accordance with the time schedule
contained in the Lease or (b) will not be completed in accordance with the
time schedule contained in the Lease. Lender shall make this Declaration
within sixty (60) days following the date on which Lender becomes the owner
of the Property. Notwithstanding the provisions of Paragraph 2(a) above, if
Lender makes the Declaration contained in (a) above, Lender shall be
obligated under the Lease with respect to the dates for delivery of the
Premises; provided that this Declaration shall become null and void and of no
further effect if any party subsequently files suit against Lender or makes
any claim in a bankruptcy proceeding challenging Lender's ownership of the
Property or contesting any procedure related thereto, and Lender in such
event shall have no liability or obligation with respect to the completion
and delivery of the Premises or the Building. Notwithstanding anything to the
contrary in the Lease, if Lender elects to make the Declaration contained in
(a) above but fails to satisfy the Premises delivery obligations under the
Lease, Tenant's sole remedy shall be to terminate the Lease and collect any
holdover premiums due thereunder; provided that Lender shall have no
liability for any holdover premiums attributable to period of more than three
months following the expiration of Tenant's existing lease for space in
Peachtree Center; and provided further that Tenant may terminate the Lease at
any time following such three month period unless Tenant subsequently
occupies the Premises pursuant to the Lease. If Lender does not timely make
the Declaration contained in (a) above or makes the Declaration contained in
(b) above, Tenant may terminate the Lease and neither Lender nor Tenant shall
have any further obligations or liability with respect thereto.

         6. Landlord and Tenant hereby represent and warrant to Lender that
the Lease has been duly executed by Landlord and Tenant and is now in full
force and effect; that the Lease and

                                      -6-
<Page>

any modifications and amendments specified herein are a complete statement of
the agreement between Landlord and Tenant with respect to the leasing of the
Premises; that to the best knowledge of the respective parties no party to
the Lease is in default thereunder; that no rent under the Lease has been
paid more than thirty (30) days in advance of its due date; and that Tenant,
as of this date, has no charge, lien, or claim of offset under the Lease or
otherwise against the rents or other charges due or to become due under the
Lease.

         7. Tenant and Landlord hereby agree that, so long as the Loan and
the Loan Documents remain outstanding and unsatisfied, Landlord and Tenant
will not alter, amend, cancel, modify, or suspend any of the terms of the
Lease without the prior written consent of Lender in each instance.

         8. Tenant and Landlord hereby acknowledge that Lender's title
insurance company will rely upon this instrument in issuing its policy of
title insurance to Lender, and Tenant and Lender do hereby agree and intend
for such title insurance company to be a third-party beneficiary hereto.

         9. Unless and except as otherwise specifically provided herein, any
and all notices, elections, approvals, consents, demands, requests, and
responses thereto ("COMMUNICATIONS") permitted or required to be given under
this Agreement shall be (i) in writing and (ii) transmitted via U.S.
certified mail, nationally recognized overnight carrier, or courier service.
Such Communications shall be deemed to have been properly given and shall be
effective upon receipt thereof. Receipt of Communications hereunder shall
occur upon actual delivery to an individual party or to an officer or general
or limited partner or member of a party or to any agent or employee of such
party at the address of such party set forth below. An attempted delivery in
accordance with the foregoing, acceptance of which is refused or rejected,
shall be deemed to be and shall constitute receipt; and an attempted delivery
in accordance with the foregoing by mail, messenger, or courier service which
is not completed because of changed address of which no notice was received
by the sender in accordance with this provision prior to the sending of the
Communication shall also be deemed to be and constitute receipt. Any
Communication, if given to Lender, must be addressed as follows:

                           Connecticut General Life
                           Insurance Company 900
                           Cottage Grove Road
                           Bloomflied, Connecticut 06002
                           Attn:

with copies to:
                           Alvis Campbell, Esq.
                           Jones, Day, Reavis & Pogue
                           303 Peachtree Street, N.E.
                           Sun Trust Plaza
                           Atlanta, Georgia 30308

and, if given to Tenant, must be addressed as follows:

and, if given to Landlord, must be addressed as follows:

                           Proscenium, L.L.C.
                           c/o Trammell Crow Company
                           Five Concourse Parkway
                           Suite 1600
                           Atlanta, Georgia 30328-6111

         10. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective heirs, legal representatives,
successors, successors-in-title, and assigns, including, in the case of
"Lender," any transferee or purchaser for Lender. When used herein, the term
"landlord" refers to Landlord and to any successor to the interest of
Landlord under the Lease.

                                      -7-
<Page>

         11. In the event any term or condition of this Agreement conflicts
or is inconsistent with any terms and conditions of the Lease, this Agreement
shall control. In the event any term or condition of this Agreement conflicts
or is inconsistent with any terms and conditions of any of the Loan
Documents, as between Landlord and Lender, the Loan Documents shall control.

         12. This Agreement may be executed in multiple counterparts, and the
signatures of any party to any counterpart shall be deemed to be a signature
to, and may be appended to, any other counterpart, all of which shall
constitute one Agreement and shall be deemed an original.

         13. This Agreement shall be construed and enforced in accordance
with the laws of the State of Georgia.

         14. Time is of the Essence of this Agreement.

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

                                  LENDER:

Signed, sealed and                CONNECTICUT GENERAL LIFE
delivered in the                  INSURANCE COMPANY
presence of:

                                  By:
----------------------               ------------------------------------------
Witness                           Name:
                                       ----------------------------------------
                                  Its:
                                     ------------------------------------------

Notary Public                                        [BANK SEAL]

Commission Expiration:

         [NOTARIAL SEAL]

                                     TENANT:

                                             ---------------------------------
Signed, sealed and delivered in
the presence of:

--------------------
Witness                                By:
                                          ----------------------------------
                                       Name:
                                            --------------------------------
                                       Its:
                                           ---------------------------------

Notary Public

Commission Expiration:

         [NOTARIAL SEAL]

                                      -8-
<Page>

                                     LANDLORD:

Signed, sealed and delivered         PROSCENIUM, LLC,
in the presence of:                  a Georgia limited liability company

________________________             By:  TRI-PROPERTIES PROSCENIUM, L.L.C.,
Witness                                   a Georgia limited liability company,
                                          a managing member

                                            By: TCC PROSCENIUM, INC., a Delaware
NOTARY PUBLIC                                   corporation, a managing member

My commission expires:                          By:
                      ---------                    -----------------------------
                                                Name:   John S. Whitaker
         [NOTARY SEAL]                          Title:  President

                                                      [CORPORATE SEAL]

                                      -9-
<Page>

                                    EXHIBIT A

                        DESCRIPTION OF THE REAL PROPERTY

Parcel 1

         ALL THAT TRACT or parcel of land lying and being in Land Lot 106 of
the 17th District of Fulton County, Georgia, and being more particularly
described as follows:

               TO FIND THE TRUE POINT OF BEGINNING, commence at a point
formed by the intersection of the south right-of-way line of Fourteenth
Street, if extended (being a 60-foot wide right-of-way) and the west
right-of-way line of Peachtree Street, if extended (being a 70-foot wide
right-of-way); run thence south 13(degree)30'29" east, along the west
right-of-way line of Peachtree Street, if extended, a distance of 11.43 feet
to a point, which point marks the TRUE POINT OF BEGINNING; from said TRUE
POINT OF BEGINNING as thus established and continuing along the west
right-of-way line of Peachtree Street run south 13(degree)30'29" east a
distance of 28.18 feet to a point; running thence south 08(degree)24'54"
east, along the west right-of-way line of Peachtree Street, a distance of
44.50 feet to a point; thence leaving said right-of-way line and running
south 89(degree)50'53" west a distance of 100.23 feet to a point; running
thence south 89(degree)51'03" west a distance of 10.00 feet to a point;
running thence north 10(degree)35'24" west a distance of 84.00 feet to a
point located on the south right-of-way line of Fourteenth Street; running
thence north 89(degree)51'48" east, along the south right-of-way line of
Fourteenth Street, a distance of 98.47 feet to a point; running thence in a
southeasterly direction along the right-of-way line connecting said
right-of-way line of Fourteenth Street and the west right-of-way line of
Peachtree Street along the arc of a curve to the right (which arc has a chord
distance of 17.94 feet on a chord bearing south 51(degree)49'21" east and
having a radius of 15.00 feet) an arc distance of 19.23 feet to a point,
which point marks the TRUE POINT OF BEGINNING; said tract shown to contain
0.2099 acre (9,142 square feet) as per Boundary Survey for The Landmarks
Group, prepared by W. L. Jorden & Co., Inc., bearing the certification of
Phillis S. Curry, Georgia Registered Land Surveyor No. 2242, dated August 31,
1987, as last revised September 3, 1987.

                                      -10-
<Page>

Parcel 2

         All that tract or parcel of land lying and being in Land Lot 106 of
the 17th District of Fulton County, Georgia and being more particularly
described as follows:

               TO FIND THE TRUE POINT OF BEGINNING, commence at a point
formed by the intersection of the south right of way line of 14th Street, if
extended (being a 60 foot wide right of way) and the west right of way line
of Peachtree Street, if extended (being a 70 foot wide right of way); run
thence south 13 degrees 30 minutes 29 seconds east, along the west right of
way line of Peachtree Street, if extended, a distance of 39.61 feet to a
point; continuing along the west right of way line of Peachtree Street run
south 08 degrees 24 minutes 54 seconds east a distance of 44.50 feet to a
point, which point marks the TRUE POINT OF BEGINNING; from said TRUE POINT OF
BEGINNING as thus established and continuing along the west right of way line
of Peachtree Street run south 07 degrees 02 minutes 13 seconds east a
distance of 103.49 feet to a point; thence leaving said right of way line and
running north 88 degrees 34 minutes 50 seconds west a distance of 313.10 feet
to a point located on the east right of way line of Crescent Avenue (being a
50 foot wide right of way); run thence north 05 degrees 17 minutes 55 seconds
west along the east right of way line of Crescent Avenue a distance of 179.00
feet to a point located at the intersection of the east right of way line of
Crescent Avenue and the south right of way line of 14th Street; run thence
south 89 degrees 41 minutes 58 seconds east along the south right of way line
of 14th Street a distance of 191.19 feet to a point; thence leaving said
right of way line and running south 10 degrees 35 minutes 24 seconds east a
distance of 84.00 feet to a point; run thence north 89 degrees 51 minutes 03
seconds east a distance of 10.00 feet to a point; run thence north 89 degrees
50 minutes 53 seconds east a distance of 100.23 feet to a point located on
the west right of way line of Peachtree Street, which point marks the TRUE
POINT OF BEGINNING; said tract shown to contain 1.0749 acres as per survey
entitled "Boundary Survey Tract II Property of The Landmarks Group Properties
Corporation and AT&T Resource Management Corporation" prepared by W. L.
Jorden & Co., Inc., bearing the certification of Daniel S. Mahan, Georgia
Registered Land Surveyor No. 2275, dated September 28, 1989.

                                      -11-
<Page>

Parcel 3

         All that tract or parcel of land lying and being in Land Lot 106 of
the 17th District of Fulton County, Georgia and being more particularly
described as follows:

               Beginning at a point formed by the intersection of the south
right of way line of 14th Street (being a 60 foot wide right of way) and the
west right of way line of Crescent Avenue (being a 50 foot wide right of
way); run thence south 05 degrees 17 minutes 55 seconds east, along the west
right of way line of Crescent Avenue a distance of 175.11 feet to a 3/4 inch
open top pipe, said pipe being located on the north side of a ten-foot alley;
run thence north 89 degrees 41 minutes 58 seconds west along the north side
of said 10-foot alley a distance of 200.19 feet to a 5/8 inch reinforcing
bar; run thence north 05 degrees 17 minutes 55 seconds west a distance of
175.11 feet to a 5/8 inch reinforcing bar, said reinforcing bar being located
on the south right of way line of 14th Street; run thence south 89 degrees 41
minutes 58 seconds east along the south right of way line of 14th Street a
distance of 200.19 feet to a point, which point marks the POINT OF BEGINNING;
said tract shown to contain 0.8009 acres as per survey entitled "Boundary
Survey Tract III Property of The Landmarks Group Properties Corporation and
AT&T Resource Management Corporation", prepared by W. L. Jorden & Co., Inc.,
bearing the certification of Daniel S. Mahan, Georgia Registered Land
Surveyor No. 2275, dated September 28, 1989.

                                      -12-
<Page>

                                   EXHIBIT "H"

After recording, please return to:

Charles T. Sharbaugh, Esq.
Paul, Hastings, Janofsky & Walker, LLP
Suite 2400, 600 Peachtree Street
Atlanta, Georgia  30308

                       SUBORDINATION, NON-DISTURBANCE AND
                              ATTORNMENT AGREEMENT

         THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (this
"AGREEMENT"), is made this ____ day of _________ 1999, by and among THE BANK OF
NOVA SCOTIA, a Canadian chartered bank acting by and through its Atlanta
Agency (the "ADMINISTRATIVE AGENT"), as Administrative Agent for itself and
the other lenders which are or may become parties to the Loan Agreement (as
hereinafter defined); _______________ (the "TENANT"); and PROSCENIUM, LLC, a
Georgia limited liability company (the "LANDLORD").

                                   WITNESSETH

         WHEREAS, the Landlord is the owner of certain real and personal
property located in Atlanta, Fulton County, Georgia and described on EXHIBIT
A attached hereto (the "PROPERTY");

         WHEREAS, the Landlord intends to construct upon the Property a
twenty-three story office building with parking and related amenities (the
"BUILDING");

         WHEREAS, the Building will have an address of 1170 Peachtree Street,
Atlanta, Georgia, and will be named "The Proscenium;"

         WHEREAS, the Landlord and the Tenant have entered into a certain
lease, dated _______ (the "LEASE"), relating to a portion of the Building, as
more particularly described in EXHIBIT B attached hereto (the "PREMISES"),
whereby the Tenant will be allowed to occupy the Premises following completion
of the Building;

         WHEREAS, the Landlord has entered into that certain Construction
Loan Agreement (together with all extensions, modifications, and renewals
thereto referred to herein as the "LOAN AGREEMENT"), dated August10, 1999, by
and among (i) the Landlord, as the Borrower thereunder, (ii) Trammell Crow
Company, as the Guarantor, (iii) SunTrust Bank, Atlanta, as the Documentation
Agent and a Lender thereunder, (iv) Colonial Bank, as a Lender thereunder,
(v) the Administrative Agent, as the Administrative Agent and a Lender
thereunder, and (vi) other Lender parties which are or may become parties
thereto;

         WHEREAS, pursuant to the Loan Agreement, the lender parties thereto
have agreed to make a loan to the Landlord (the "LOAN"), secured in part by a
Deed to Secure Debt and Security Agreement, dated August 10, 1999 to be
recorded in the Fulton County Records (the "SECURITY DEED"), an assignment of
leases and rents, and such other instruments, agreements, and documents as
the Agent may require encumbering the Property (the Loan Agreement, the

                                      -13-
<Page>

Security Deed, and any and all such other agreements, assignments, and
documents given to evidence or secure the Loan, together with all extensions,
modifications, and renewals thereto, being hereinafter collectively referred
to as the "LOAN DOCUMENTS"); and

         WHEREAS, the Tenant has agreed that the Lease will be subject and
subordinate to the Loan and the Loan Documents, provided the Tenant is
assured of continued occupancy of the Premises under the terms of the Lease
with no interference with the Tenant's rights thereunder;

         NOW, THEREFORE, for and in consideration of the mutual covenants
herein contained, the sum of Ten and No/100 Dollars ($10.00), and other good
and valuable considerations, the receipt and sufficiency of which are hereby
acknowledged, and notwithstanding anything in the Lease to the contrary, the
parties hereto agree as follows:

         1. The Tenant hereby subordinates the Lease, together with any and
all rights, title, interests, estates, options, liens, and charges created
thereby, to (a) the Loan, (b) the Loan Documents, and (c) any and all
advances made thereunder. The Tenant does hereby covenant and agree that the
Lease, together with any and all rights, title, interests, estates, options,
liens, and charges created thereby, is and will continue to be subject and
subordinate in all respects to the Loan Documents, including the Deed of
Trust and to all advancements made thereunder. The Tenant further hereby
acknowledges that the Loan Documents may be amended from time to time without
the consent or knowledge of the Tenant.

         2. The Agent hereby agrees that, in the event the Agent becomes the
owner of the Property by foreclosure, conveyance in lieu of foreclosure, deed
under power, or otherwise, so long as the Tenant complies with and performs
its obligations under the Lease, (i) the Agent will take no action which will
interfere with or disturb the Tenant's possession or use of the Premises or
other rights under the Lease, (ii) the Premises will be subject to the Lease,
and (iii) the Agent will recognize the Tenant as the tenant of the Premises
for the remainder of the term of the Lease in accordance with the provisions
thereof. Notwithstanding the foregoing, the Agent and the Tenant hereby agree
that, in the event the Agent becomes the owner of the Property as
contemplated by this Paragraph, the Agent will not be subject to, bound by,
or liable for any of the following:

               (a) any act or omission of the Landlord or its successors and
assigns;

               (b) any offsets, credits, claims, or defenses which the Tenant
may have against the Landlord or its successors and assigns;

               (c) any rent, additional rent or other amounts which the
Tenant might have paid to the Landlord or its successors and assigns which
were not directly and completely attributable to the current month;

               (d) Any security deposits which are not actually received by
the Agent; and

               (e) any amendment, cancellation, modification, or surrender of
the Lease made without the express written consent of the Agent.

In addition, the Agent shall not in any event be liable to the Tenant beyond
the Agent's interest in the Property and the rents, income, receipts,
revenues, issues, and profits arising therefrom, it being agreed that the
Tenant shall have no recourse to any other assets of the Agent.

         3. The Tenant hereby agrees that, in the event the Agent (or a
transferee, assignee, or purchaser for the Agent) becomes the owner of the
Property by foreclosure, conveyance in lieu of foreclosure, deed under power,
or otherwise, then the Tenant will attorn to and recognize the Agent as the
landlord under the Lease for the remainder of the term thereof, and the
Tenant will perform and observe its obligations thereunder, subject only to
the terms and conditions of the Lease. This provision shall be self-operative
and shall not require the execution of any further agreement or instrument by
the Tenant. Nevertheless, in the event the Agent becomes the owner

                                      -14-
<Page>

of the Property as contemplated by this Paragraph, the Tenant covenants and
agrees to execute and deliver an appropriate agreement of attornment to the
Agent if so requested.

         4. So long as the Loan and the Loan Documents remain outstanding and
unsatisfied, the Tenant will mail or deliver to the Agent, at the address and
in the manner herein provided, a copy of all notices permitted or required to
be given to the Landlord by the Tenant pursuant to the Lease. Notwithstanding
any provision to the contrary in the Lease, at any time before the rights of
the Landlord will have been forfeited or adversely affected because of any
default of the Landlord, or within the time permitted the Landlord for curing
any default under the Lease as therein provided (but not less than sixty (60)
days from the receipt of notice by the Agent), the Agent may, but will have
no obligation to, pay any taxes and assessments, make any repairs and
improvements, make any deposits, or do any other act or thing required of the
Landlord by the terms of the Lease; and all payments so made and all things
so done and performed by the Agent will be as effective to prevent the rights
of the Landlord from being forfeited or adversely affected due to any default
under the Lease as the same would have been if timely done and performed by
the Landlord. Notwithstanding the foregoing, so long as the Agent is acting
diligently to cure any landlord default under the Lease or proceeding with
foreclosure of the Property (if foreclosure is necessary to cure a default
under the Lease), then the Tenant shall not have the right to terminate the
Lease.

         5. The Tenant acknowledges that the Landlord will or has executed
and delivered to the Agent an assignment of the Lease as additional security
for the Loan, and the Tenant hereby expressly consents to such assignment. In
the event the Agent notifies the Tenant of the occurrence of a default under
the Loan Documents by the Landlord and demands that the Tenant pay its rents
and all other amounts due under the Lease directly to the Agent or otherwise,
the Tenant shall honor and fully comply with such demand. The Landlord hereby
irrevocably authorizes the Tenant to comply with such demands by the Agent.

         6. The Landlord and the Tenant hereby represent and warrant to the
Agent that the Lease and this Agreement have been duly executed by the
Landlord and the Tenant and are now in full force and effect; that the Lease
and any modifications and amendments specified herein are a complete
statement of the agreement between the Landlord and the Tenant with respect
to the leasing of the Premises; that to the knowledge of the Landlord and the
Tenant, no party to the Lease is in default thereunder; that no rent under
the Lease has been paid more than thirty (30) days in advance of its due
date; and that the Tenant, as of this date, has no charge, lien, or claim of
offset under the Lease or otherwise against the rents or other charges due or
to become due under the Lease.

         7. The Tenant and the Landlord hereby agree that, so long as the
Loan and the Loan Documents remain outstanding and unsatisfied, the Landlord
and the Tenant will not alter, amend, cancel, modify, or suspend any of the
terms of the Lease without the prior written consent of the Agent in each
instance.

         8. The Tenant and the Landlord hereby acknowledge that the Agent's
title insurance company will rely upon this instrument in issuing its policy
of title insurance to the Agent, and the Tenant and the Agent do hereby agree
and intend for such title insurance company to be a third-party beneficiary
hereto.

         9. Unless and except as otherwise specifically provided herein, any
and all notices, elections, approvals, consents, demands, requests, and
responses thereto ("COMMUNICATIONS") permitted or required to be given under
this Agreement shall be (i) in writing and (ii) transmitted via U.S.
certified mail, nationally recognized overnight carrier, or courier service.
Such Communications shall be deemed to have been properly given and shall be
effective upon receipt thereof. Receipt of Communications hereunder shall
occur upon actual delivery to an individual party or to an officer or general
or limited partner or member of a party or to any agent or employee of such
party at the address of such party set forth below. An attempted delivery in
accordance with the foregoing, acceptance of which is refused or rejected,
shall be deemed to be and shall constitute receipt; and an attempted delivery
in accordance with the foregoing by mail, messenger, or courier service which
is not completed because of changed address of which no

                                      -15-
<Page>

notice was received by the sender in accordance with this provision prior to
the sending of the Communication shall also be deemed to be and constitute
receipt. Any Communication, if given to the Administrative Agent, must be
addressed as follows:

                           The Bank of Nova Scotia

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

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

                           -----------------------
                           Attn:
                                  ----------------

and, if given to the Tenant, must be addressed as follows:

and, if given to the Landlord, must be addressed a
s follows:

         10. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective heirs, legal representatives,
successors, successors-in-title, and assigns, including, in the case of
"Agent," any transferee or purchaser for the Agent. When used herein, the
term "landlord" refers to the Landlord and to any successor to the interest
of the Landlord under the Lease.

         11. In the event any term or condition of this Agreement conflicts
or is inconsistent with any terms and conditions of the Lease, this Agreement
shall control. In the event any term or condition of this Agreement conflicts
or is inconsistent with any terms and conditions of any of the Loan
Documents, as between Lender and Landlord, the Loan Documents shall control.

         12. This Agreement may be executed in multiple counterparts, and the
signatures of any party to any counterpart shall be deemed to be a signature
to, and may be appended to, any other counterpart, all of which shall
constitute one Agreement and shall be deemed an original.

         13. This Agreement shall be construed and enforced in accordance
with the laws of the State of California.

         14.      Time is of the Essence of this Agreement.

         16. The Tenant and the Landlord and their counsels have reviewed and
revised, or requested revisions to, this Agreement, and the usual rule of
construction that any ambiguities are to be resolved against the drafting
party shall be inapplicable in construing and interpreting this Agreement.

                         [SIGNATURES ON FOLLOWING PAGE]

                                      -16-
<Page>

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

                                       THE ADMINISTRATIVE AGENT:

Signed, sealed and                     THE BANK OF NOVA SCOTIA
delivered in the                       a Canadian chartered bank acting by and
presence of:                           through its Atlanta Agency, as
                                       Administrative Agent

                                       By:
                                          ------------------------------------
Witness                                Title:
                                              --------------------------------
                                                     [CORPORATE SEAL]

Notary Public

Commission Expiration:

         [NOTARIAL SEAL]

                                       THE TENANT:

Signed, sealed and                                                           ,
delivered in the                       ----------------------------------------
presence of:
                                       a                                 (SEAL)
                                        ---------------------------------

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

Notary Public

Commission Expiration:

         [NOTARIAL SEAL]

                                      -17-
<Page>

                                       LANDLORD:

Signed, sealed and delivered           PROSCENIUM, LLC,
in the presence of:                    a Georgia limited liability company

                                       By:    TRI-PROPERTIES PROSCENIUM, L.L.C.,
Witness                                       a Georgia limited liability
                                              company, a managing member

NOTARY PUBLIC                          By:    TCC PROSCENIUM, INC., a Delaware
                                              corporation, a managing member

My commission expires:                        By:
                      --------------                ---------------------------
                                              Name:  John S. Whitaker
         [NOTARY SEAL]                        Title:   President

                                                          [CORPORATE SEAL]

                                      -18-
<Page>

                                    EXHIBIT A

                        DESCRIPTION OF THE REAL PROPERTY

                                      -19-<PAGE>

                                                                     Exhibit 4.1

                                                                  EXECUTION COPY

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

                            SERIES 2001-8 SUPPLEMENT
                          Dated as of November 1, 2001

                                       to

                         POOLING AND SERVICING AGREEMENT
                         Dated as of September 30, 1993,
                    As amended and restated on April 9, 2001

                                 $1,000,000,000

                            CAPITAL ONE MASTER TRUST

                                  SERIES 2001-8

                                      among

                                CAPITAL ONE BANK
                               Seller and Servicer

                               CAPITAL ONE, F.S.B.
                                     Seller

                                       and

                              THE BANK OF NEW YORK
                                     Trustee
                on behalf of the Series 2001-8 Certificateholders

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

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                      Page
                                                                                                      ----
<S>                                                                                                   <C>
                                   ARTICLE I
                  Creation of the Series 2001-8 Certificates

Section 1.01. Designation................................................................................1

                                    ARTICLE II
                                    Definitions

Section 2.01. Definitions................................................................................2

Section 2.02. Amendment to Section 2.08 of the Agreement................................................16

                                     ARTICLE III
                                Servicer and Trustee

Section 3.01. Servicing Compensation....................................................................17

                                     ARTICLE IV
       Rights of Series 2001-8 Certificateholders and Collateral Interest Holder
                   and Allocation and Application of Collections

Section 4.01. Collections and Allocations...............................................................18

Section 4.02. Determination of Monthly Interest.........................................................18

Section 4.03. Determination of Monthly Principal; Series 2001-8 Accounts................................20

Section 4.04. Required Amount...........................................................................22

Section 4.05. Application of Class A Available Funds, Class B Available Funds, Collateral
              Available Funds and Available Investor Principal Collections..............................23

Section 4.06. Defaulted Amounts; Investor Charge-Offs...................................................25

Section 4.07. Excess Spread; Excess Finance Charges.....................................................26

Section 4.08. Reallocated Principal Collections.........................................................28

Section 4.09. Excess Finance Charges....................................................................29

Section 4.10. Shared Principal Collections..............................................................29

Section 4.11. Reserve Account...........................................................................29

                                      ARTICLE V
           Distributions and Reports to Series 2001-8 Certificateholders

Section 5.01. Distributions.............................................................................32

Section 5.02. Reports and Statements to Series 2001-8 Certificateholders................................33
</TABLE>
<PAGE>

                               TABLE OF CONTENTS
                                  (continued)

<TABLE>
<CAPTION>
                                                                                                       Page
                                                                                                       ----
<S>                                                                                                    <C>
                                  ARTICLE VI
                           Additional Pay Out Events

Section 6.01.  Additional Pay Out Events.................................................................34

                                  ARTICLE VII
                    Optional Repurchase; Series Termination

Section 7.01.  Optional Repurchase.......................................................................35

Section 7.02.  Series Termination........................................................................35

                                 ARTICLE VIII
                              Final Distributions

Section 8.01.  Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or
               10.01 of the Agreement....................................................................36

Section 8.02.  Distribution of Proceeds of Sale, Disposition or Liquidation of the Receivables
               pursuant to Section 9.02 of the Agreement.................................................37

                                  ARTICLE IX
                                 New Issuances

Section 9.01.  New Issuances.............................................................................39

                                   ARTICLE X
                           Miscellaneous Provisions

Section 10.01. Ratification of Agreement.................................................................39

Section 10.02. Counterparts..............................................................................39

Section 10.03. GOVERNING LAW.............................................................................39

Section 10.04. Determination of Material Adverse Effect..................................................39

Section 10.05. Book-Entry Certificates...................................................................39

Section 10.06. Uncertificated Securities.................................................................40

Section 10.07. Transfers of the Collateral Interest......................................................40

Section 10.08. Certain Accounting Related Amendments.....................................................41

Section 10.09. Additional Representations and Warranties of the Sellers..................................41
</TABLE>

                                      ii
<PAGE>

EXHIBITS
--------

EXHIBIT A-1   Form of Class A Certificate
EXHIBIT A-2   Form of Class B Certificate
EXHIBIT B     Form of Monthly Certificateholders' Statement
EXHIBIT C     Form of Monthly Servicing Officer's Certificate
EXHIBIT D     Form of Investment Letter

                                      iii
<PAGE>

     SERIES 2001-8 SUPPLEMENT, dated as of November 1, 2001 (the "Supplement"),
among CAPITAL ONE BANK, a Virginia banking corporation, as a Seller and the
Servicer, CAPITAL ONE, F.S.B., a federal savings bank, as a Seller, and THE BANK
OF NEW YORK, a New York banking corporation, as the Trustee.

     Pursuant to the Pooling and Servicing Agreement, dated as of September 30,
1993, as amended and restated as of April 9, 2001 (as amended and restated and
as amended and supplemented, the "Agreement"), among the Sellers, the Servicer
and the Trustee, the Sellers have created Capital One Master Trust (the
"Trust"). Section 6.03 of the Agreement provides that the Sellers may from time
to time direct the Trustee to authenticate one or more new Series of Investor
Certificates representing fractional undivided interests in the Trust. The
Principal Terms of any new Series are to be set forth in a Supplement to the
Agreement.

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

                                   ARTICLE I

                   Creation of the Series 2001-8 Certificates
                   ------------------------------------------

     Section 1.01.  Designation.
                    -----------

     (a)  There is hereby created a Series of Investor Certificates to be issued
pursuant to the Agreement and this Supplement to be known as "Capital One Master
Trust, Series 2001-8."  The Series 2001-8 Certificates shall be issued in two
Classes, the first of which shall be known as the "Class A 4.60% Asset Backed
Certificates, Series 2001-8" and the second of which shall be known as the
"Class B Floating Rate Asset Backed Certificates, Series 2001-8."  In addition,
there is hereby created a third Class of uncertificated interests in the Trust
which, except as expressly provided herein, shall be deemed to be "Investor
Certificates" (and the Collateral Interest Holder shall be deemed to be an
"Investor Certificateholder") for all purposes under the Agreement and this
Supplement and which shall be known as the "Collateral Interest, Series 2001-8."

     (b)  Series 2001-8 shall be included in Group One and shall be a Principal
Sharing Series.  Series 2001-8 shall not be subordinated to any other Series.
Notwithstanding any provision in the Agreement or in this Supplement to the
contrary, the first Distribution Date with respect to Series 2001-8 shall be the
December 2001 Distribution Date.

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

     (d)  The Collateral Interest Holder, as holder of an "Investor Certificate"
shall be entitled to the benefits of the Agreement and this Supplement.
Notwithstanding the foregoing, except as expressly provided herein, (i) the
provisions of Article VI and Article XII of the Agreement relating to the
registration, authentication, delivery, presentation, cancellation and surrender
of Registered Certificates and clauses (a) and (c) of the definition of "Tax
Opinion" in Section 1.01 of the Agreement
<PAGE>

shall not be applicable to the Collateral Interest, and (ii) the provisions of
Section 3.07 of the Agreement shall not apply to cause the Collateral Interest
to be treated as debt for federal, state and local income and franchise tax
purposes, but rather the Sellers intend and, together with the Collateral
Interest Holder, agree to treat the Collateral Interest for federal, state and
local income and franchise tax purposes as representing an equity interest in
the assets of the Trust.

                                   ARTICLE II

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

     Section 2.01.  Definitions.
                    -----------

     (a)  Whenever used in this Supplement, the following words and phrases
shall have the following meanings, and the definitions of such terms are
applicable to the singular as well as the plural forms of such terms and the
masculine as well as the feminine and neuter genders of such terms.

     "Accumulation Period" shall mean, unless a Pay Out Event shall have
      -------------------
occurred prior thereto, the period commencing at the close of business on the
last day of the September 2005 Monthly Period or such later date as is
determined in accordance with Section 4.03(f) and ending on the first to occur
of (a) the commencement of the Early Amortization Period, (b) the payment in
full to Series 2001-8 Holders of the Invested Amount or (c) the Termination
Date.

     "Accumulation Period Amount" shall mean for each Monthly Period, an amount
      --------------------------
equal to the product of (i) Available Expected Principal for such Monthly Period
and (ii) a fraction, the numerator of which is the Initial Invested Amount and
the denominator of which is the sum of (a) the Initial Invested Amount and (b)
the invested amounts of all other Variable Accumulation Series which are not
scheduled to be in their revolving periods as of such Monthly Period; provided
                                                                      --------
that, for purposes of this definition, the commencement date of the accumulation
period of each such Variable Accumulation Series shall be deemed to have been
postponed to the latest permissible date, determined as if the provisions of
Section 4.03(f) applied to each such Series with such changes as may be
specified with respect to such Series (applying such provisions first to the
Variable Accumulation Series with the latest expected final payment date and
next to each Series with the next preceding expected final payment date).

     "Accumulation Period Length" shall have the meaning specified in Section
      --------------------------
4.03(f).

     "Additional Interest" shall mean, at any time of determination, the Class
      -------------------
A Additional Interest, the Class B Additional Interest and the Collateral
Additional Interest.

     "Adjusted Invested Amount" shall mean, with respect to any date of
      ------------------------
determination, an amount equal to the Invested Amount less the Principal Funding
Account Balance on such date of determination.

     "Assignee" shall have the meaning specified in subsection 10.07(a).
      --------

     "Available Expected Principal" for any date of determination with respect
      ----------------------------
to each Monthly Period shall be equal to the excess of (a) the Expected Monthly
Principal for such Monthly

                                       2
<PAGE>

Period over (b) the sum of, without duplication, all scheduled amortizations or
accumulations of principal, including past due shortfalls as of such date of
determination, for all Nonvariable Accumulation Series which are not scheduled
to be in their revolving periods as of such Monthly Period.

          "Available Investor Principal Collections" shall mean, with respect
           ----------------------------------------
to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to
the Principal Allocation Percentage of all Collections of Principal Receivables
received during such Monthly Period, minus (ii) the amount of Reallocated
                                     -----
Principal Collections with respect to such Monthly Period which pursuant to
Section 4.08(a) or 4.08 (b) are required to fund any deficiency in the amount to
be distributed pursuant to Sections 4.05(a)(i), (ii) and (iii), 4.05(b)(i) and
(ii) and 4.07(c)(II) for the related Distribution Date, plus (b) the amount of
                                                        ----
Miscellaneous Payments, if any, for such Monthly Period that are allocated to
Series 2001-8 pursuant to Section 4.03 of the Agreement, plus (c) any Shared
                                                         ----
Principal Collections with respect to other Series that are allocated to Series
2001-8 in accordance with Section 4.04 of the Agreement and Section 4.10 hereof,
plus (d) the amount of funds to be distributed pursuant to Section 4.05(a)(iii)
----
with respect to the related Distribution Date, plus (e) any other amounts which
                                               ----
pursuant to Section 4.07 hereof are to be treated as Available Investor
Principal Collections with respect to the related Distribution Date.

          "Available Reserve Account Amount" shall mean, with respect to any
           --------------------------------
Distribution Date, the lesser of (a) the amount on deposit in the Reserve
Account on such date (before giving effect to any deposit to be made to the
Reserve Account on such Distribution Date) and (b) the Required Reserve Account
Amount for such Distribution Date.

          "Base Rate" shall mean, with respect to any Monthly Period, the
           ---------
annualized percentage equivalent of a fraction, the numerator of which is equal
to the sum of the Class A Monthly Interest, the Class B Monthly Interest, the
Collateral Minimum Monthly Interest and the Monthly Servicing Fee, each with
respect to the related Distribution Date, and the denominator of which is the
Invested Amount as of the last day of the preceding Monthly Period; provided,
                                                                    --------
however, that for the first Monthly Period, the denominator is the Initial
-------
Invested Amount.

          "Class A Account Percentage" shall mean, with respect to any date of
           --------------------------
determination, the percentage equivalent of a fraction, the numerator of which
is the aggregate amount with respect to Class A Monthly Principal on deposit in
the Principal Funding Account  on such date (before giving effect to any deposit
to be made to the Principal Funding Account on such date) and the denominator of
which is the Principal Funding Account Balance on such date (before giving
effect to any deposit to be made to the Principal Funding Account on such date).

          "Class A Additional Interest" shall have the meaning specified in
           ---------------------------
Section 4.02(a).

          "Class A Adjusted Invested Amount" shall mean, with respect to any
           --------------------------------
date of determination, an amount not less than zero equal to the Class A
Invested Amount less the Principal Funding Account Balance on such date.

          "Class A Available Funds" shall mean, with respect to any Monthly
           -----------------------
Period, an amount equal to the sum of (a) an amount equal to the product of (i)
the Class A Account Percentage and (ii) the amount of Principal Funding
Investment Proceeds, if any, with respect to the related Distribution Date, (b)
the Class A Floating Percentage of the Collections of Finance Charge

                                       3
<PAGE>

Receivables (other than Finance Charge Receivables allocated to Servicer
Interchange with respect to such Monthly Period) allocated to the Series 2001-8
Certificates (including any investment earnings that are to be treated as
Collections of Finance Charge Receivables in accordance with the Agreement and
this Supplement) and (c) the amount of funds, if any, to be withdrawn from the
Reserve Account which, pursuant to Section 4.11(d), are required to be included
in Class A Available Funds with respect to the related Distribution Date.

          "Class A Certificate Rate" shall mean 4.60% per annum.
           ------------------------

          "Class A Certificateholder" shall mean the Person in whose name a
           -------------------------
Class A Certificate is registered in the Certificate Register.

          "Class A Certificates" shall mean any of Certificates executed by the
           --------------------
Banks and authenticated by or on behalf of the Trustee, substantially in the
form of Exhibit A-1.
        -----------

          "Class A Floating Percentage" shall mean, with respect to any Monthly
           ---------------------------
Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, the numerator of which is equal to the Class A Adjusted Invested
Amount as of the close of business on the last day of the preceding Monthly
Period and the denominator of which is equal to the Adjusted Invested Amount as
of such day; provided, however, that, with respect to the first Monthly Period,
             --------  -------
the Class A Floating Percentage shall mean the Class A Initial Percentage.

          "Class A Initial Invested Amount" shall mean the aggregate initial
           -------------------------------
principal amount of the Class A Certificates, which is $845,000,000.

          "Class A Initial Percentage" shall mean the percentage equivalent of a
           --------------------------
fraction, the numerator of which is the Class A Initial Invested Amount and the
denominator of which is the Initial Invested Amount.

          "Class A Interest Shortfall" shall have the meaning specified in
           --------------------------
Section 4.02(a).

          "Class A Invested Amount" shall mean, on any date of determination, an
           -----------------------
amount equal to (a) the Class A Initial Invested Amount, minus (b) the aggregate
                                                         -----
amount of principal payments made to the Class A Certificateholders on or prior
to such date, minus (c) the excess, if any, of the aggregate amount of Class A
              -----
Investor Charge-Offs for all prior Distribution Dates over the aggregate amount
                                                      ----
of Class A Investor Charge-Offs reimbursed pursuant to Section 4.06(a) prior to
such date; provided, however, that the Class A Invested Amount may not be
           --------  -------
reduced below zero.

          "Class A Investor Charge-Offs" shall have the meaning specified in
           ----------------------------
Section 4.06(a).

          "Class A Investor Default Amount" shall mean, with respect to each
           -------------------------------
Distribution Date, an amount equal to the product of (i) the Investor Default
Amount for the related Monthly Period and (ii) the Class A Floating Percentage
for such Monthly Period.

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

          "Class A Monthly Principal" shall have the meaning specified in
           -------------------------
Section 4.03(a).

                                       4
<PAGE>

          "Class A Outstanding Additional Interest" shall mean, with respect to
           ---------------------------------------
any Distribution Date, the amount of Class A Additional Interest previously due
but not paid to the Class A Certificateholders.

          "Class A Outstanding Monthly Interest" shall mean, with respect to any
           ------------------------------------
Distribution Date, the amount of Class A Monthly Interest previously due but not
paid to the Class A Certificateholders.

          "Class A Penalty Rate" shall mean the sum of the Class A Certificate
           --------------------
Rate and 2.00% per annum.

          "Class A Principal Percentage" shall mean, with respect to any Monthly
           ----------------------------
Period (i) during the Revolving Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class A Invested Amount as of the last day of the immediately preceding Monthly
Period (or, in the case of the first Monthly Period, the Closing Date) and the
denominator of which is the Invested Amount as of such day and (ii) during the
Accumulation Period or the Early Amortization Period, the percentage equivalent
(which percentage shall never exceed 100%) of a fraction, the numerator of which
is the Class A Invested Amount as of the last day of the Revolving Period, and
the denominator of which is the Invested Amount as of such last day; provided,
                                                                     --------
however, that, with respect to the first Monthly Period, the Class A Principal
-------
Percentage shall mean the Class A Initial Percentage.

          "Class A Required Amount" shall have the meaning specified in Section
           -----------------------
4.04(a).

          "Class A Servicing Fee" shall have the meaning specified in Section
           ---------------------
3.01.

          "Class B Account Percentage" shall mean, with respect to any date of
           --------------------------
determination, the percentage equivalent of a fraction, the numerator of which
is the aggregate amount with respect to Class B Monthly Principal on deposit in
the Principal Funding Account on such date (before giving effect to any deposit
to be made to the Principal Funding Account on such date) and the denominator of
which is the Principal Funding Account Balance on such date (before giving
effect to any deposit to be made to the Principal Funding Account on such date).

          "Class B Additional Interest" shall have the meaning specified in
           ---------------------------
Section 4.02(b).

          "Class B Adjusted Invested Amount" shall mean, with respect to any
           --------------------------------
date of determination, an amount not less than zero equal to the Class B
Invested Amount less the excess, if any, of the Principal Funding Account
Balance over the Class A Invested Amount on such date.

          "Class B Available Funds" shall mean, with respect to any Monthly
           -----------------------
Period, an amount equal to the sum of (a) an amount equal to the product of (i)
the Class B Account Percentage and (ii) the amount of Principal Funding
Investment Proceeds, if any, with respect to the related Distribution Date, (b)
the Class B Floating Percentage of the Collections of Finance Charge Receivables
(other than Finance Charge Receivables allocated to Servicer Interchange with
respect to such Monthly Period) allocated to the Series 2001-8 Certificates
(including any investment earnings that are to be treated as Collections of
Finance Receivables in accordance with the Agreement) and (c) the amount of
funds, if any, to be withdrawn from the Reserve Account which,

                                       5
<PAGE>

pursuant to Section 4.11(d), are required to be included in Class B Available
Funds with respect to the related Distribution Date.

          "Class B Certificate Rate" shall mean, for any Interest Period, a per
           ------------------------
annum rate equal to LIBOR for such Interest Period plus 0.55%.

          "Class B Certificateholder" shall mean the Person in whose name a
           -------------------------
Class B Certificate is registered in the Certificate Register.

          "Class B Certificates" shall mean any one of the Certificates executed
           --------------------
by the Banks and authenticated by or on behalf of the Trustee, substantially in
the form of Exhibit A-2.
            -----------

          "Class B Floating Percentage" shall mean, with respect to any Monthly
           ---------------------------
Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, the numerator of which is equal to the Class B Adjusted Invested
Amount as of the close of business on the last day of the preceding Monthly
Period and the denominator of which is equal to the Adjusted Invested Amount as
of the close of business on such day; provided, however, that, with respect to
                                      --------  -------
the first Monthly Period, the Class B Floating Percentage shall mean the Class B
Initial Percentage.

          "Class B Initial Invested Amount" shall mean the aggregate initial
           -------------------------------
principal amount of the Class B Certificates, which is $77,500,000.

          "Class B Initial Percentage" shall mean the percentage equivalent of a
           --------------------------
fraction, the numerator of which is the Class B Initial Invested Amount and the
denominator of which is the Initial Invested Amount.

          "Class B Interest Shortfall" shall have the meaning specified in
           --------------------------
Section 4.02(b).

          "Class B Invested Amount" shall mean, on any date of determination, an
           -----------------------
amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate
                                                         -----
amount of principal payments made to the Class B Certificateholders prior to
such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for
           -----
all prior Distribution Dates, minus (d) the aggregate amount of Reallocated
                              -----
Principal Collections allocated on all prior Distribution Dates pursuant to
Section 4.08(a) (excluding any Reallocated Principal Collections that have
resulted in a reduction in the Collateral Invested Amount pursuant to Section
4.06(c)), minus (e) an amount equal to the amount by which the Class B Invested
          -----
Amount has been reduced on all prior Distribution Dates pursuant to Section
4.06(a), plus (f) the amount of Excess Spread and Excess Finance Charges
         ----
allocated and available on all prior Distribution Dates pursuant to Section
4.07(d) for the purpose of reimbursing amounts deducted pursuant to the
foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested
                                    --------  -------
Amount may not reduced below zero.

          "Class B Investor Charge-Offs" shall have the meaning specified in
           ----------------------------
Section 4.06(b).

          "Class B Investor Default Amount" shall mean, with respect to each
           -------------------------------
Distribution Date, an amount equal to the product of (i) the Investor Default
Amount for the related Monthly Period and (ii) the Class B Floating Percentage
for such Monthly Period.

          "Class B Monthly Interest" shall have the meaning specified in Section
           ------------------------
4.02(b).

                                       6
<PAGE>

          "Class B Monthly Principal" shall have the meaning specified in
           -------------------------
Section 4.03(b).

          "Class B Outstanding Additional Interest" shall mean, with respect to
           ---------------------------------------
any Distribution Date, the amount of Class B Additional Interest previously due
but not paid to the Class B Certificateholders.

          "Class B Outstanding Monthly Interest" shall mean, with respect to any
           ------------------------------------
Distribution Date, the amount of Class B Monthly Interest previously due but not
paid to the Class B Certificateholders.

          "Class B Penalty Rate" shall mean, for any Interest Period, the sum of
           --------------------
the Class B Certificate Rate for such Interest Period and 2.00% per annum.

          "Class B Principal Percentage" shall mean, with respect to any Monthly
           ----------------------------
Period (i) during the Revolving Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class B Invested Amount as of the last day of the immediately preceding Monthly
Period (or, in the case of the first Monthly Period, the Closing Date) and the
denominator of which is the Invested Amount as of such day and (ii) during the
Accumulation Period or the Early Amortization Period, the percentage equivalent
(which percentage shall never exceed 100%) of a fraction, the numerator of which
is the Class B Invested Amount as of the last day of the Revolving Period, and
the denominator of which is the Invested Amount as of such last day; provided,
                                                                     --------
however, that, with respect to the first Monthly Period, the Class B Principal
-------
Percentage shall mean the Class B Initial Percentage.

          "Class B Required Amount" shall have the meaning specified in Section
           -----------------------
4.04(b).

          "Class B Servicing Fee" shall have the meaning specified in Section
           ---------------------
3.01.

          "Closing Date" shall mean November 1, 2001.
           ------------

          "Collateral Account Percentage" shall mean, with respect to any date
           -----------------------------
of determination, the percentage equivalent of a fraction, the numerator of
which is the aggregate amount with respect to Collateral Monthly Principal on
deposit in the Principal Funding Account on such date (before giving effect to
any deposit to be made to the Principal Funding Account on such date) and the
denominator of which is the Principal Funding Account Balance on such date
(before giving effect to any deposit to be made to the Principal Funding Account
on such date).

          "Collateral Additional Interest" shall have the meaning specified in
           ------------------------------
Section 4.02(c).

          "Collateral Adjusted Invested Amount" shall mean, with respect to any
           -----------------------------------
date of determination, an amount not less than zero equal to the Collateral
Invested Amount less the excess, if any, of the Principal Funding Account
Balance over the sum of the Class A Invested Amount and the Class B Invested
Amount on such date.

          "Collateral Available Funds" shall mean, with respect to any Monthly
           --------------------------
Period, an amount equal to the sum of (a) an amount equal to the product of (i)
the Collateral Account Percentage and (ii) the amount of Principal Funding
Investment Proceeds, if any, with respect to the

                                       7
<PAGE>

related Distribution Date and (b) the Collateral Floating Percentage of the
Collections of Finance Charge Receivables (other than Finance Charge Receivables
allocated to Servicer Interchange with respect to such Monthly Period) allocated
to the Series 2001-8 Certificates (including any investment earnings that are to
be treated as Collections of Finance Charge Receivables in accordance with the
Agreement).

          "Collateral Floating Percentage" shall mean, with respect to any
           ------------------------------
Monthly Period, the percentage equivalent (which percentage shall never exceed
100%) of a fraction, the numerator of which is the Collateral Adjusted Invested
Amount as of the close of business on the last day of the preceding Monthly
Period and the denominator of which is equal to the Adjusted Invested Amount as
of such day; provided, however, that with respect to the first Monthly Period,
             --------  -------
the Collateral Floating Percentage shall mean the percentage equivalent of a
fraction, the numerator of which is the Collateral Initial Invested Amount and
the denominator of which is the Initial Invested Amount.

          "Collateral Initial Invested Amount" shall mean $77,500,000.
           ----------------------------------

          "Collateral Interest" shall mean a fractional undivided interest in
           -------------------
the Trust which shall consist of the right to receive (i) to the extent
necessary to make the required payments to a Collateral Interest Holder under
this Supplement, the portion of Collections allocable thereto under the
Agreement and this Supplement and funds on deposit in the Collection Account
allocable thereto pursuant to the Agreement and this Supplement and (ii) amounts
available for payment to the Collateral Interest Holder pursuant to, without
duplication, Section 4.05 and subsections 4.07(j), 4.11(d)(iii), 4.11(e),
4.11(f), 8.01(b), 8.02(a) and 8.02(b).

          "Collateral Interest Holder" shall mean the entity so designated in
           --------------------------
the Transfer Agreement.

          "Collateral Interest Minimum Rate" shall mean a rate per annum
           --------------------------------
specified in the Transfer Agreement not to exceed LIBOR for one-month United
States dollar deposits, determined as of the related LIBOR Determination Date,
plus 1.30%.

          "Collateral Interest Shortfall" shall have the meaning specified in
           -----------------------------
subsection 4.02(c).

          "Collateral Invested Amount" shall mean, when used with respect to any
           --------------------------
date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b)
                                                                     -----
the aggregate amount of principal payments made to the Collateral Interest
Holder prior to such date, minus (c) an amount equal to the aggregate amount by
                           -----
which the Collateral Invested Amount has been reduced on all prior Distribution
Dates pursuant to Section 4.06, plus (d) the aggregate amount of Excess Spread
                                ----
and Excess Finance Charges allocated and available on all prior Distribution
Dates pursuant to Section 4.07(h) for the purpose of reimbursing amounts
deducted pursuant to the foregoing clause (c); provided, however, that the
                                               --------  -------
Collateral Invested Amount may not be reduced below zero.

          "Collateral Investor Default Amount" shall mean, with respect to each
           ----------------------------------
Distribution Date, an amount equal to the product of (i) the Investor Default
Amount for the related Monthly Period and (ii) the Collateral Floating
Percentage for such Monthly Period.

          "Collateral Minimum Monthly Interest" shall have the meaning specified
           -----------------------------------
in Section 4.02(c).

                                       8
<PAGE>

          "Collateral Monthly Principal" shall have the meaning specified in
           ----------------------------
Section 4.03(c).

          "Collateral Outstanding Additional Interest" shall mean, with respect
           ------------------------------------------
to any Distribution Date, the amount of Collateral Additional Interest
previously due but not paid to the Collateral Interest Holder.

          "Collateral Outstanding Monthly Interest" shall mean, with respect to
           ---------------------------------------
any Distribution Date, the amount of Collateral Minimum Monthly Interest
previously due but not paid to the Collateral Interest Holder.

          "Collateral Servicing Fee" shall have the meaning specified in Section
           ------------------------
3.01.

          "Controlled Accumulation Amount" shall mean for any Distribution Date
           ------------------------------
with respect to the Accumulation Period, $83,333,333.34; provided, however,
                                                         --------  -------
that, if the Accumulation Period is modified pursuant to Section 4.03(f), (i)
the Controlled Accumulation Amount for each Distribution Date with respect to
the Accumulation Period shall mean the amount specified in accordance with such
Section on the date on which the Accumulation Period has most recently been
modified, (ii) the Controlled Accumulation Amount for each related Monthly
Period shall be no greater than the Accumulation Period Amount for such Monthly
Period and (iii) the sum of the Controlled Accumulation Amounts for all
Distribution Dates with respect to the modified Accumulation Period shall not be
less than the Initial Invested Amount.

          "Controlled Deposit Amount" shall mean, for any Distribution Date with
           -------------------------
respect to the Accumulation Period, an amount equal to the sum of the Controlled
Accumulation  Amount for such Distribution Date and any Deficit Controlled
Accumulation Amount for the immediately preceding Distribution Date.

          "Covered Amount" shall mean for any Distribution Date with respect to
           --------------
the Accumulation Period or the first Special Payment Date, an amount equal to
the sum of (a) one-twelfth of the product of (i) the Class A Certificate Rate
and (ii) the aggregate amount on deposit in the Principal Funding Account with
respect to Class A Monthly Principal, if any, as of the preceding Distribution
Date, plus (b) the product of (i) the Class B Certificate Rate in effect for the
      ----
related Interest Period, (ii) a fraction, the numerator of which is the actual
number of days from and including the preceding Distribution Date to but
excluding such Distribution Date and the denominator of which is 360 and (iii)
the aggregate amount on deposit in the Principal Funding Account with respect to
Class B Monthly Principal, if any, as of the preceding Distribution Date, plus
                                                                          ----
(c) the product of (i) the Collateral Interest Minimum Rate in effect for the
related Interest Period, (ii) a fraction, the numerator of which is the actual
number of days from and including the preceding Distribution Date to but
excluding such Distribution Date and the denominator of which is 360 and (iii)
the aggregate amount on deposit in the Principal Funding Account with respect to
Collateral Monthly Principal, if any, as of the preceding Distribution Date.

          "Cut-Off Date" shall mean November 1, 2001.
           ------------

          "Deficit Controlled Accumulation Amount" shall mean (a) on the first
           --------------------------------------
Distribution Date with respect to the Accumulation Period, the excess, if any,
of the Controlled Accumulation Amount for such Distribution Date over the amount
distributed from the Collection Account as

                                       9
<PAGE>

Class A Monthly Principal, Class B Monthly Principal and Collateral Monthly
Principal for such Distribution Date and (b) on each subsequent Distribution
Date with respect to the Accumulation Period, the excess, if any, of the
Controlled Deposit Amount for such subsequent Distribution Date plus any Deficit
Controlled Accumulation Amount for the prior Distribution Date over the amount
distributed from the Collection Account as Class A Monthly Principal, Class B
Monthly Principal and Collateral Monthly Principal for such subsequent
Distribution Date.

          "Early Amortization Period" shall mean the period commencing at the
           -------------------------
close of business on the Business Day immediately preceding the day on which a
Pay Out Event with respect to Series 2001-8 is deemed to have occurred and
ending on the first to occur of (i) the payment in full to the Class A
Certificateholders and the Class B Certificateholders of the Class A Invested
Amount and the Class B Invested Amount, respectively, and the payment in full to
the Collateral Interest Holder of the Collateral Invested Amount, if any, or
(ii) the Termination Date.

          "Excess Shared Principal Collections" shall mean the excess of the
           -----------------------------------
Shared Principal Collections over the aggregate amount of Principal Shortfalls
for all Series, as defined in each related Supplement, which are Principal
Sharing Series for such Distribution Date.

          "Excess Spread" shall mean, with respect to any Distribution Date, the
           -------------
sum of the amounts, if any, specified pursuant to Sections 4.05(a)(iv),
4.05(b)(iii) and 4.05(c)(ii) with respect to such Distribution Date.

          "Expected Final Payment Date" shall mean the October 2006 Distribution
           ---------------------------
Date.

          "Expected Monthly Principal" shall be equal to the product of (i) the
           --------------------------
lowest of the monthly principal payment rates (determined by dividing
Collections of Principal Receivables during a calendar month by the amount of
Principal Receivables in the Trust as of the last day of the preceding month,
adjusted for additions and removals occurring after such last day), expressed as
a decimal for the 12 calendar months preceding the date of such calculation (or
such lower principal payment rate as the Servicer may select) and (ii) the sum
of the Initial Invested Amounts (as defined in the related Supplement) of all
outstanding Series, other than Variable Funding Series.

          "Finance Charge Shortfall" shall have the meaning specified in Section
           ------------------------
4.09.

          "Floating Allocation Percentage" shall mean, with respect to any
           ------------------------------
Monthly Period, the percentage equivalent (which percentage shall never exceed
100%) of a fraction, the numerator of which is the Adjusted Invested Amount as
of the last day of the preceding Monthly Period (or, with respect to the first
Monthly Period, the Initial Invested Amount) and the denominator of which is the
sum of (i) the total amount of Principal Receivables in the Trust  as of such
day (or, with respect to the first Monthly Period, the Cut-Off Date) and (ii)
the principal amount on deposit in the Excess Funding Account as of such last
day; provided, however, that the amount calculated above pursuant to clause (i)
     --------  -------
of the denominator shall be increased by the aggregate amount of Principal
Receivables in Additional Accounts added to the Trust during such Monthly Period
as though such Receivables had been added to the Trust as of the first day of
such Monthly Period and decreased by the aggregate amount of Principal
Receivables removed from the Trust during such Monthly Period as though such
Receivables had been removed from the Trust as of the first day of such Monthly
Period.

                                       10
<PAGE>

          "Group One" shall mean Series 2001-8 and each other series specified
           ---------
in the related Supplement to be included in Group One.

          "Initial Invested Amount" shall mean the sum of the Class A Initial
           -----------------------
Invested Amount, the Class B Initial Invested Amount and the Collateral Initial
Invested Amount.

          "Initial Servicing Fee" shall have the meaning specified in Section
           ---------------------
3.01.

          "Interest Payment Date" shall mean, with respect to the Class A
           ---------------------
Certificates, the Class B Certificates and the Collateral Interest, the 15th day
of each month (or, if such day is not a Business Day, the next succeeding
Business Day), commencing on the December 2001 Distribution Date.

          "Interest Period" shall mean with respect to 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.

          "Invested Amount" shall mean, as of any date of determination, an
           ---------------
amount equal to the sum of (a) the Class A Invested Amount as of such date, (b)
the Class B Invested Amount as of such date and (c) the Collateral Invested
Amount as of such date.

          "Investment Letter" shall have the meaning specified in subsection
           -----------------
10.07(a).

          "Investor Charge-Offs" shall mean Class A Investor Charge-Offs and
           --------------------
Class B Investor Charge-Offs.

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

          "LIBOR" shall mean, as of any LIBOR Determination Date, the rate for
           -----
deposits in United States dollars for a one-month period which appears on
Telerate Page 3750 as of 11:00 a.m., London time, on such date. If such rate
does not appear on Telerate Page 3750, the rate for that LIBOR Determination
Date 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 Servicer shall request the principal London office of each
of the Reference Banks to provide a quotation of its rate. If at least two such
quotations are provided, the rate for that LIBOR Determination Date shall be the
arithmetic mean of the quotations. If fewer than two quotations are provided as
requested, the rate for that LIBOR Determination Date shall be the arithmetic
mean of the rates quoted by major banks in New York City, selected by the
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;
provided, however, that if the banks selected as aforesaid by the Servicer are
--------  -------
not quoting as mentioned, the rate for that day shall be the rate then in effect
on such LIBOR Determination Date.

                                       11
<PAGE>

          "LIBOR Determination Date" shall mean, for any Interest Period, the
           ------------------------
second London Business Day prior to the commencement of such Interest Period
(or, in the case of the initial Interest Period, the second London Business Day
prior to the Closing Date).

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

          "Monthly Interest" means, with respect to any Distribution Date, the
           ----------------
Class A Monthly Interest, the Class B Monthly Interest and Collateral Minimum
Monthly Interest, each for such Distribution Date.

          "Monthly Servicing Fee" shall have the meaning specified in Section
           ---------------------
3.01.

          "Net Servicing Fee Rate" shall mean (i) so long as a Seller or The
           ----------------------
Bank of New York is the Servicer, 1.25% per annum and (ii) if a Seller or The
Bank of New York is no longer the Servicer, 2.00% per annum.

          "Nonvariable Accumulation Series" shall mean each outstanding Series
           -------------------------------
that is not a Variable Funding Series or a Variable Accumulation Series.

          "Payment Date" shall mean any Interest Payment Date and any Special
           ------------
Payment Date.

          "Permitted Assignee" shall mean any Person who, if it were the
           ------------------
Collateral Interest Holder or holder of an interest in the Trust, as applicable,
would not cause the Trust to be taxable as a publicly traded partnership for
federal income tax purposes.

          "Portfolio Adjusted Yield" shall mean, with respect to any
           ------------------------
Distribution Date, the average of the percentages obtained for each of the three
preceding Monthly Periods by subtracting the Base Rate for each such Monthly
Period from the Portfolio Yield for each such Monthly Period, and deducting
0.50% from the result for each such Monthly Period.

          "Portfolio Yield" shall mean, with respect to any Monthly Period, the
           ---------------
annualized percentage equivalent of a fraction, the numerator of which is equal
to (a) an amount equal to the product obtained by multiplying the Floating
Allocation Percentage with respect to such Monthly Period and the amount of
Collections of Finance Charge Receivables with respect to such Monthly Period
(including any investment earnings and certain other amounts that are to be
treated as Collections of Finance Charge Receivables in accordance with the
Agreement) calculated on a billed basis, or, in the case of any such Collections
consisting of annual membership fees, on an amortized (rather than billed)
basis, plus (b) the amount of any Principal Funding Investment Proceeds for the
       ----
related Distribution Date, plus (c) any Excess Finance Charges that are
                           ----
allocated to Series 2001-8 with respect to such Monthly Period, plus (d) the
                                                                ----
amount of funds, if any, withdrawn from the Reserve Account which, pursuant to
Section 4.11(d), are required to be included as Class A Available Funds or Class
B Available Funds or paid to the Collateral Interest Holder for the Distribution
Date with respect to such Monthly Period, minus (e) the Investor Default Amount
                                          -----
for the Distribution Date with respect to such Monthly Period, and the
denominator of which is the Invested Amount as of the last day of the preceding
Monthly Period; provided, however, that for the first Monthly Period, the
                --------  -------
denominator is the Initial Invested Amount.

                                       12
<PAGE>

          "Principal Allocation Percentage" shall mean, with respect to any day
           -------------------------------
during a Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is (a) during the Revolving
Period, the Invested Amount as of the last day of the immediately preceding
Monthly Period (or, in the case of the first Monthly Period, the Cut-Off Date)
and (b) after the end of the Revolving Period, the Invested Amount as of the
last day of the Revolving Period and the denominator of which is the greater of
(i) the sum of the total amount of Principal Receivables in the Trust as of the
last day of the immediately preceding Monthly Period and the principal amount on
deposit in the Excess Funding Account as of such last day (or, in the case of
the first Monthly Period, the Cut-Off Date) and (ii) the sum of the numerators
used to calculate the principal allocation percentages for all Series
outstanding as of the date as to which such determination is being made;
provided, however, that the amount calculated above pursuant to clause (i) of
--------  -------
the denominator shall be increased by the aggregate amount of Principal
Receivables in Additional Accounts added to the Trust during such Monthly Period
as though such Receivables had been added to the Trust as of the first day of
such Monthly Period; provided further, however, that if after the commencement
                     ----------------  -------
of the Accumulation Period or the Early Amortization Period a Pay Out Event
occurs with respect to another Series that was designated in the Supplement
therefor as a Series that is a "Paired Series" with respect to Series 2001-8,
the Sellers may, by written notice delivered to the Trustee and the Servicer,
designate a different numerator for the foregoing fraction, provided that (x)
such numerator is not less than the Adjusted Invested Amount as of the last day
of the revolving period for such Paired Series and (y) the Sellers shall have
received written notice from each Rating Agency that such designation will not
have a Ratings Effect and shall have delivered copies of each such written
notice to the Servicer and the Trustee and the Sellers shall have delivered to
the Trustee an Officer's Certificate to the effect that, based on the facts
known to such officer at that time, in the reasonable belief of the Sellers,
such designation will not cause a Pay Out Event or an event that, after the
giving of notice or the lapse of time, would constitute a Pay Out Event, to
occur with respect to Series 2001-8.

          "Principal Funding Account" shall have the meaning set forth in
           -------------------------
Section 4.03(d)(i).

          "Principal Funding Account Balance" shall mean, with respect to any
           ---------------------------------
date of determination during the Accumulation Period, the principal amount, if
any, on deposit in the Principal Funding Account on such date of determination.

          "Principal Funding Investment Proceeds" shall have the meaning
           -------------------------------------
specified in Section 4.03(d)(ii).

          "Principal Shortfall" shall have the meaning specified in Section
           -------------------
4.10.

          "Prospectus" shall mean the prospectus and the prospectus supplement
           ----------
as filed with the Securities and Exchange Commission under Rule 424(b) of the
Securities Act relating to the Series 2001-8 Certificates.

          "Reallocated Principal Collections" shall mean, with respect to any
           ---------------------------------
Monthly Period, the product of (a) the Principal Allocation Percentage with
respect to such Monthly Period, (b) the aggregate amount of Collections in
respect of Principal Receivables deposited in the Collection Account for such
Monthly Period and (c) the sum of the Class B Floating Percentage and the
Collateral Floating Percentage with respect to such Monthly Period.

                                       13
<PAGE>

          "Reassignment Amount" shall mean, with respect to any Distribution
           -------------------
Date, after giving effect to any deposits and distributions otherwise to be made
on such Distribution Date, the sum of (i) the Adjusted Invested Amount on such
Distribution Date, plus (ii) Monthly Interest for such Distribution Date and any
                   ----
Monthly Interest previously due but not distributed to the Series 2001-8
Certificateholders and the Collateral Interest Holder on a prior Distribution
Date, plus (iii) the amount of Additional Interest, if any, for such
      ----
Distribution Date and any Additional Interest previously due but not distributed
to the Series 2001-8 Certificateholders and the Collateral Interest Holder on a
prior Distribution Date.

          "Reference Banks" shall mean four major banks in the London interbank
           ---------------
market selected by the Servicer.

          "Required Reserve Account Amount" shall mean, with respect to any
           -------------------------------
Distribution Date prior to the Reserve Account Funding Date, $0, and on or after
the Reserve Account Funding Date, an amount equal to (a) 0.50% of the Invested
Amount as of the preceding Distribution Date (after giving effect to all changes
therein on such date), or (b) any other amount designated by the Sellers,
provided that, if such designation is of a lesser amount, the Sellers (i) shall
have received written notice from each Rating Agency that such designation will
not have a Ratings Effect and shall have delivered copies of each such written
notice to the Servicer and the Trustee, and (ii) shall have delivered to the
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
Sellers, such designation will not cause a Pay Out Event or an event that, after
the giving of notice or the lapse of time, would cause a Pay Out Event, to occur
with respect to Series 2001-8.

          "Reserve Account" shall have the meaning specified in Section 4.11(a).
           ---------------

          "Reserve Account Funding Date" shall mean the Distribution Date with
           ----------------------------
respect to the Monthly Period which commences 12 months prior to the Monthly
Period which as of the related Determination Date is scheduled to commence the
Accumulation Period in accordance with Section 4.03(f) provided that the Sellers
may delay the Reserve Account Funding Date to the Distribution Date with respect
to the Monthly Period which occurs not later than the number of months prior to
the scheduled commencement date of the Accumulation Period determined in
accordance with the following schedule:

<TABLE>
<CAPTION>
===============================================================================================
Portfolio Adjusted Yield                                       Number of Months
------------------------                             (rounded up to nearest whole number)
                                                      ----------------------------------
-----------------------------------------------------------------------------------------------
<S>                                             <C>
Less than 2%                                    12
-----------------------------------------------------------------------------------------------
2% or more, but less than 3%                     6
-----------------------------------------------------------------------------------------------
3% or more, but less than 4%                     4
-----------------------------------------------------------------------------------------------
4% or more                                       3
===============================================================================================
</TABLE>

          "Reserve Account Surplus" shall mean, as of any date of determination,
           -----------------------
the amount, if any, by which the amount on deposit in the Reserve Account
exceeds the Required Reserve Account Amount.

          "Reserve Draw Amount" shall have the meaning specified in Section
           -------------------
4.11(c).

                                       14
<PAGE>

          "Revolving Period" shall mean the period beginning at the close of
           ----------------
business on the Cut-Off Date and ending on the earlier of (a) the close of
business on the day the Accumulation Period commences and (b) the close of
business on the day the Early Amortization Period commences.

          "Series 2001-8" shall mean the Series of Investor Certificates, the
           -------------
terms of which are specified in this Supplement, and shall include the Class A
Certificates, the Class B Certificates and the Collateral Interest.

          "Series 2001-8 Certificateholder" shall mean a Class A
           -------------------------------
Certificateholder or a Class B Certificateholder.

          "Series 2001-8 Certificate" shall mean a Class A Certificate or a
           -------------------------
Class B Certificate.

          "Series 2001-8 Holder" shall mean a Class A Certificateholder, a Class
           --------------------
B Certificateholder or a Collateral Interest Holder.

          "Series 2001-8 Interests" shall mean the Class A Certificates, the
           -----------------------
Class B Certificates and the Collateral Interest.

          "Servicer Interchange" shall mean, for any Monthly Period, the product
           --------------------
of (a) the Floating Allocation Percentage for such Monthly Period and (b) the
portion of Collections of Finance Charge Receivables allocated to the Series
2001-8 Certificates and the Collateral Interest  with respect to such Monthly
Period that is attributable to Interchange; provided, however, that Servicer
                                            --------  -------
Interchange for a Monthly Period shall not exceed one-twelfth of the product of
(i) the Servicing Base Amount as of the last day of such Monthly Period and (ii)
0.75%.

          "Servicing Base Amount" shall have the meaning specified in Section
           ---------------------
3.01.

          "Servicing Fee Rate" shall mean 2.00%.
           ------------------

          "Special Payment Date" shall mean each Distribution Date with respect
           --------------------
to the Early Amortization Period.

          "Telerate Page 3750" shall mean the display page currently so
           ------------------
designated on the Bridge Telerate Market Report (or such other page as may
replace that page on that service for the purpose of displaying comparable rates
or prices).

          "Termination Date" shall mean the August 2009 Distribution Date.
           ----------------

          "Transfer" shall have the meaning specified in subsection 10.07(a).
           --------

          "Transfer Agreement" shall mean the Transfer and Administration
           ------------------
Agreement, dated as of November 1, 2001, among Capital One Bank, as transferor
and administrator, Capital One, F.S.B., as transferor, and Capital One Secured
Note Trust 2001-8, as amended or modified from time to time, relating to the
transfer of the Collateral Interest.

                                       15
<PAGE>

          "Variable Accumulation Series" shall mean each outstanding Series,
           ----------------------------
other than any Variable Funding Series, for which, pursuant to the terms of the
related Supplement, at the time a determination is made pursuant to Section
4.03(f), the commencement date of the Accumulation Period may be changed.

          "Variable Funding Series" shall mean any Series designated in the
           -----------------------
related Supplement as a Variable Funding Series.

          (b)  Notwithstanding anything to the contrary in this Supplement or
the Agreement, the term "Rating Agency" shall mean, whenever used in this
Supplement or the Agreement with respect to Series 2001-8, Moody's and Standard
& Poor's and Fitch. As used in this Supplement and in the Agreement with respect
to Series 2001-8, "highest investment ratings category" shall mean (i) in the
case of Standard & Poor's, A-1+, AAA, AAAm or AAAm-G, as applicable, (ii) in the
case of Moody's, P-1 or Aaa, as applicable and (iii) in the case of Fitch, if
rated by Fitch, F1+ or AAA, as applicable.

          (c)  Notwithstanding any provision of the Agreement or this
Supplement, the term "Paying Agent" when used in the Agreement or this
Supplement with respect to Series 2001-8, shall mean, the Paying Agent specified
pursuant to the Agreement, and any successor paying agents with respect to the
Class A Certificates, the Class B Certificates and the Collateral Interest as
the Sellers may appoint from time to time in accordance with the provisions of
the Pooling and Servicing Agreement.

          (d)  All capitalized terms used herein and not otherwise defined
herein have the meanings ascribed to them in the Agreement.

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

          Section 2.02.  Amendment to Section 2.08 of the Agreement.  Section
                         ------------------------------------------
2.08(c)(i) of the Agreement is hereby amended and restated in its entirety to
read as follows:

          (c)  Automatic Additional Accounts.  (i)  Each Seller may from time to
               -----------------------------
     time, at its sole discretion, subject to and in compliance with the
     limitations specified in clause (ii) below and the applicable conditions
     specified in paragraph (d) below, designate Eligible Accounts to be
     included as Accounts as of the applicable Additional Cut-Off Date.  For
     purposes of this paragraph, Eligible Accounts shall be deemed to include
     only consumer revolving credit card accounts or other consumer revolving
     credit accounts which (x) are originated by such Seller or any Affiliate of
     such Seller, (y) are of a type included as Initial Accounts or which have
     previously been included in any Addition which has been effected in
     accordance with all of the conditions specified in paragraph (d) below and
     (z) have a designation other than "Associate 20," "Associate 21,"
     "Associate 42," "Associate 45," "Associate 46," "Associate 54," "Associate
     55," "Associate 77," "Associate 79," "Associate 87," "Associate 91,"
     "Associate 100," "Associate 101," "Associate 102," "Associate 103,"
     "Associate 104," "Associate 105," "Associate 106," "Associate 107,"
     "Associate 108,"

                                       16
<PAGE>

     "Associate 109," "Associate 120" "Associate 121," "Associate 122,"
     "Associate 123," "Associate 195," "Associate 196," "Associate 197,"
     "Associate 198," "Associate 199," "Associate 289," "Associate 290,"
     "Associate 291," "Associate 292," "Associate 293," "Associate 294,"
     "Associate 295," "Associate 296," "Associate 297," "Associate 298,"
     "Associate 299," "Associate 302," "Associate 303," "Associate 308,"
     "Associate 309," "Associate 310," "Associate 311" "Associate 312,"
     "Associate 313," "Associate 314," "Associate 332," "Associate 333,"
     "Associate 336," "Associate 337," "Associate 407," "Associate 408,"
     "Associate 409," "Associate 410," "Associate 411," "Associate 412,"
     "Associate 413," "Associate 414," "Associate 415," "Associate 416,"
     "Associate 417," "Associate 432,""Associate 433," "Associate 439,"
     "Associate 440," "Associate 570," "Associate 571," "Associate 572,"
     "Associate 573," "Associate 574," "Associate 575," "Associate 576,"
     "Associate 577," "Associate 578," "Associate 579," "Associate 770,"
     "Associate 771," "Associate 772," "Associate 773," "Associate 774,"
     "Associate 775," "Associate 776," "Associate 777," "Associate 778" or
     "Associate 779" marketing programs in such Seller's credit card master
     file.

                                  ARTICLE III

                             Servicer and Trustee
                             --------------------

     Section 3.01.  Servicing Compensation.  The share of the Servicing Fee
                    ----------------------
allocable to the Series 2001-8 Certificateholders and the Collateral Interest
Holder with respect to any Distribution Date (the "Monthly Servicing Fee") shall
be equal to one-twelfth of the product of (a) the Servicing Fee Rate and (b) the
Adjusted Invested Amount, if any, as of the last day of the Monthly Period
preceding such Distribution Date (the amount calculated pursuant to this clause
(b) is referred to as the "Servicing Base Amount"); provided, however, with
                                                    --------  -------
respect to the first Distribution Date, the Monthly Servicing Fee (the "Initial
Servicing Fee") shall be equal to $1,666,666.67.  On each Distribution Date, but
only if a Seller or The Bank of New York is the Servicer, Servicer Interchange
with respect to the related Monthly Period that is on deposit in the Collection
Account shall be withdrawn from the Collection Account and paid to the Servicer
in payment of a portion of the Monthly Servicing Fee with respect to such
Monthly Period.  In the case of any insufficiency of Servicer Interchange on
deposit in the Collection Account, a portion of the Monthly Servicing Fee with
respect to such Monthly Period will not be paid to the extent of such
insufficiency of Servicer Interchange.  The share of the Monthly Servicing Fee
allocable to the Class A Certificateholders (after giving effect to the
distribution of Servicer Interchange, if any, to the Servicer) with respect to
any Distribution Date (the "Class A Servicing Fee") shall be equal to one-
twelfth of the product of (a) the Class A Floating Percentage, (b) the Net
Servicing Fee Rate and (c) the Servicing Base Amount; provided, however, that
                                                      --------  -------
with respect to the first Distribution Date, the Class A Servicing Fee shall be
equal to $880,208.33.  The share of the Monthly Servicing Fee allocable to the
Class B Certificateholders (after giving effect to the distribution of Servicer
Interchange, if any, to the Servicer) with respect to any Distribution Date (the
"Class B Servicing Fee") shall be equal to one-twelfth of the product of (a) the
Class B Floating Percentage, (b) the Net Servicing Fee Rate and (c) the
Servicing Base Amount; provided, however, that with respect to the first
                       --------  -------
Distribution Date, the Class B Servicing Fee shall be equal to $80,729.17.  The
share of the Monthly Servicing Fee allocable to the Collateral Interest Holder
(after giving effect to the distribution of Servicer Interchange, if any, to the
Servicer) with respect to such Distribution Date (the "Collateral Servicing
Fee") shall be equal to

                                       17
<PAGE>

one-twelfth of the product of (c) the Collateral Floating Percentage, (b) the
Net Servicing Fee Rate and (c) the Servicing Base Amount; provided, however,
                                                          --------  -------
that with respect to the first Distribution Date, the Collateral Servicing Fee
shall be equal to $80,729.17. The remainder of the Servicing Fee shall be paid
by the Sellers or the Certificateholders of other Series (as provided in the
related Supplements) and in no event shall the Trust, the Trustee, the Series
2001-8 Certificateholders or the Collateral Interest Holder be liable for the
share of the Servicing Fee to be paid by the Sellers or the Certificateholders
of any other Series. The (i) Class A Servicing Fee shall be payable to the
Servicer solely to the extent amounts are available for distribution in respect
thereof pursuant to Section 4.05(a)(ii), 4.07(a) or 4.08(a); (ii) Class B
Servicing Fee shall be payable solely to the extent amounts are available for
distribution in respect thereof pursuant to Section 4.05(b)(iii), 4.07(c) or
4.08(b); and (iii) Collateral Servicing Fee shall be payable solely to the
extent amounts are available for distribution in respect thereof pursuant to
Section 4.05(c)(i) or 4.07(f).

                                   ARTICLE IV

                 Rights of Series 2001-8 Certificateholders and
                         Collateral Interest Holder and
                   Allocation and Application of Collections
                   -----------------------------------------

     Section 4.01.  Collections and Allocations.  The Servicer will apply, or
                    ---------------------------
will instruct the Trustee to apply, all Collections and other funds on deposit
in the Collection Account that are allocated to the Series 2001-8 Certificates
and the Collateral Interest as described in this Article IV.

     Section 4.02.  Determination of Monthly Interest.
                    ---------------------------------

     (a) The amount of monthly interest ("Class A Monthly Interest")
distributable from the Collection Account with respect to the Class A
Certificates on any Distribution Date shall be an amount equal to one-twelfth of
the product of (i) the Class A Certificate Rate and (ii) the outstanding
principal balance of the Class A Certificates as of the preceding Record Date;
provided, however, that, with respect to the first Distribution Date, Class A
--------  -------
Monthly Interest shall be $4,750,777.78.

     On the Determination Date preceding each Payment Date, the Servicer shall
determine the excess, if any (the "Class A Interest Shortfall"), of (x) the
Class A Monthly Interest for the Interest Period applicable to such Payment Date
over (y) the aggregate amount of funds allocated and available to pay such Class
----
A Monthly Interest on such Payment Date. If the Class A Interest Shortfall with
respect to any Payment Date is greater than zero, an additional amount ("Class A
Additional Interest") equal to one-twelfth of the product of (i) the Class A
Penalty Rate and (ii) such Class A Interest Shortfall (or the portion thereof
which has not been paid to Class A Certificateholders) shall be payable as
provided herein with respect to the Class A Certificates on each Distribution
Date following such Payment Date to and including the Payment Date on which such
Class A Interest Shortfall is paid to Class A Certificateholders.
Notwithstanding anything to the contrary herein, Class A Additional Interest
shall be payable or distributed to Class A Certificateholders only to the extent
permitted by applicable law.

                                       18
<PAGE>

     (b) The amount of monthly interest ("Class B Monthly Interest")
distributable from the Collection Account with respect to the Class B
Certificates on any Distribution 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
period from and including the preceding Distribution Date to but excluding such
Distribution Date and the denominator of which is 360, (ii) the Class B
Certificate Rate for the related Interest Period and (iii) the outstanding
principal balance of the Class B Certificates as of the preceding Record Date;
provided, however, that, with respect to the first Distribution Date, Class B
--------  -------
Monthly Interest shall be $284,209.72.

     On the Determination Date preceding each Payment Date, the Servicer shall
determine the excess, if any (the "Class B Interest Shortfall"), of (x) the
Class B Monthly Interest for the Interest Period applicable to such Payment Date
over (y) the aggregate amount of funds allocated and available to pay such Class
----
B Monthly Interest on such Payment Date. If the Class B Interest Shortfall with
respect to any Payment Date is greater than zero, an additional amount ("Class B
Additional Interest") equal to the product of (i) a fraction, the numerator of
which is the actual number of days from and including the preceding Distribution
Date to but excluding such Distribution Date and the denominator of which is
360, (ii) the Class B Penalty Rate and (iii) such Class B Interest Shortfall (or
the portion thereof which has not been paid to Class B Certificateholders) shall
be payable as provided herein with respect to the Class B Certificates on each
Distribution Date following such Payment Date to and including the Payment Date
on which such Class B Interest Shortfall is paid to Class B Certificateholders.
Notwithstanding anything to the contrary herein, Class B Additional Interest
shall be payable or distributed to Class B Certificateholders only to the extent
permitted by applicable law.

     (c) The amount of monthly interest ("Collateral Minimum Monthly Interest")
distributable from the Collection Account with respect to the Collateral
Interest on any Distribution Date shall be an amount equal to the product of (i)
the Collateral Interest Minimum Rate in effect for the related Interest Period,
(ii) a fraction, the numerator of which is the actual number of days from and
including the preceding Distribution Date to but excluding such Distribution
Date and the denominator of which is 360 and (iii) the outstanding principal
balance of the Collateral Interest as of the preceding Record Date; provided,
                                                                    --------
however, that, with respect to the first Distribution Date, Collateral Minimum
-------
Monthly Interest shall be equal to the interest accrued on the Collateral
Initial Invested Amount at the Collateral Interest Minimum Rate for the period
from the Closing Date to but excluding the initial Distribution Date.

     On the Determination Date preceding each Distribution Date, the Servicer
shall determine the excess, if any (the "Collateral Interest Shortfall"), of (x)
the Collateral Minimum Monthly Interest for such Distribution Date over (y) the
                                                                   ----
aggregate amount of funds allocated and available to pay such Collateral Minimum
Monthly Interest on such Distribution Date. If the Collateral Interest Shortfall
for any Distribution Date is greater than zero, an additional amount
("Collateral Additional Interest") equal to the product of (i) a fraction, the
numerator of which is the actual number of days from and including the preceding
Distribution Date to but excluding such Distribution Date and the denominator of
which is 360, (ii) the Collateral Interest Minimum Rate in effect for the
related Interest Period and (iii) such Collateral Interest Shortfall (or the
portion thereof which has not been paid to the Collateral Interest Holder) shall
be payable as provided herein with respect to the Collateral Interest on each
Distribution Date following such Distribution Date to and including the
Distribution Date on which such Collateral Interest Shortfall is paid to the
Collateral Interest Holder. Notwithstanding anything to the contrary herein,
Collateral Additional Interest

                                       19
<PAGE>

shall be payable or distributed to the Collateral Interest Holder only to the
extent permitted by applicable law.

          Section 4.03. Determination of Monthly Principal; Series 2001-8
                        -------------------------------------------------
Accounts.
--------

          (a)  The amount of monthly principal ("Class A Monthly Principal")
distributable from the Collection Account with respect to the Class A
Certificates on each Distribution Date, beginning with the first to occur of (i)
the first Special Payment Date, if any, and (ii) the first Distribution Date
with respect to the Accumulation Period, shall be equal to the least of (x) the
Available Investor Principal Collections on deposit in the Collection Account
with respect to such Distribution Date, (y) for each Distribution Date with
respect to the Accumulation Period (and on or prior to the Expected Final
Payment Date), the Controlled Deposit Amount for such Distribution Date and (z)
the Class A Adjusted Invested Amount on such Distribution Date.

          (b)  The amount of monthly principal ("Class B Monthly Principal")
distributable from the Collection Account with respect to the Class B
Certificates on each Distribution Date, beginning with the first to occur of (i)
the first Special Payment Date, if any, on which the Class A Invested Amount is
paid in full, and (ii) the first Distribution Date with respect to the
Accumulation Period on which the Principal Funding Account Balance is at least
equal to the Class A Invested Amount, shall be equal to the least of (x) the
Available Investor Principal Collections on deposit in the Collection Account
with respect to such Distribution Date (minus the portion of such Available
Investor Principal Collections applied to Class A Monthly Principal with respect
to such Distribution Date), (y) for each Distribution Date with respect to the
Accumulation Period, the Controlled Deposit Amount for such Distribution Date
(minus the Class A Monthly Principal with respect to such Distribution Date) and
(z) the Class B Adjusted Invested Amount on such Distribution Date.

          (c)  The amount of monthly principal ("Collateral Monthly Principal")
distributable from the Collection Account with respect to the Collateral
Interest on each Distribution Date, beginning with the first to occur of (i) the
first Special Payment Date, if any, on which the Class B Invested Amount is paid
in full, and (ii) the first Distribution Date with respect to the Accumulation
Period on which the Principal Funding Account Balance is at least equal to the
sum of the Class A Invested Amount and the Class B Invested Amount, shall be
equal to the least of (x) the Available Investor Principal Collections on
deposit in the Collection Account with respect to such Distribution Date (minus
the portion of such Available Investor Principal Collections applied to Class A
Monthly Principal and Class B Monthly Principal with respect to such
Distribution Date), (y) for each Distribution Date with respect to the
Accumulation Period, the Controlled Deposit Amount for such Distribution Date
(minus the Class A Monthly Principal and Class B Monthly Principal with respect
to such Distribution Date) and (z) the Collateral Adjusted Invested Amount on
such Distribution Date.

     (d)  (i)  The Servicer, for the benefit of the Series 2001-8 Holders, shall
  establish and maintain in the name of the Trustee, on behalf of the Trust, an
  Eligible Deposit Account (the "Principal Funding Account"), bearing a
  designation clearly indicating that the funds deposited therein are held for
  the benefit of Series 2001-8 Holders. The Principal Funding Account shall
  initially be established with The Bank of New York.

                                       20
<PAGE>

          (ii)   At the direction of the Servicer, funds on deposit in the
       Principal Funding Account shall be invested by the Trustee in Eligible
       Investments selected by the Servicer.  All such Eligible Investments
       shall be held by the Trustee for the benefit of the Series 2001-8
       Holders; provided that on each Distribution Date all interest and other
                --------
       investment income (net of losses and investment expenses) ("Principal
       Funding Investment Proceeds") on funds on deposit therein shall be
       applied as set forth in paragraph (iii) below.  Funds on deposit in the
       Principal Funding Account shall be invested in Eligible Investments that
       will mature so that such funds will be available at the close of business
       on the Transfer Date preceding the following Distribution Date.  The
       Trustee shall (i) hold each Eligible Investment that constitutes
       investment property through a securities intermediary, which securities
       intermediary shall agree with the Trustee that (A) such investment
       property shall at all times be credited to a securities account of the
       Trustee, (B) such securities intermediary shall treat the Trustee as
       entitled to exercise the rights that comprise each financial asset
       credited to such securities account, (C) all property credited to such
       securities account shall be treated as a financial asset, (D) such
       securities intermediary shall comply with entitlement orders originated
       by the Trustee without the further consent of any other person or entity,
       (E) such securities intermediary shall not agree with any person or
       entity other than the Trustee to comply with entitlement orders
       originated by such other person or entity, (F) such securities
       intermediary waives any lien on, security interest in, or right of set-
       off with respect to any property credited to such securities account, and
       (G) such agreement shall be governed by the laws of the State of New
       York; and (ii) maintain possession of each other Eligible Investment not
       described in clause (i) above in the State of New York. Terms used in
       clause (i) above that are defined in the New York UCC and not otherwise
       defined herein shall have the meaning set forth in the New York UCC. No
       Eligible Investment shall be disposed of prior to its maturity. Unless
       the Servicer directs otherwise, funds deposited in the Principal Funding
       Account on a Transfer Date (which immediately precedes a Payment Date)
       upon the maturity of any Eligible Investments are not required to be
       invested overnight.

          (iii)  On each Distribution Date with respect to the Accumulation
       Period, the Servicer shall direct the Trustee to withdraw from the
       Principal Funding Account and deposit into the Collection Account all
       Principal Funding Investment Proceeds then on deposit in the Principal
       Funding Account and such Principal Funding Investment Proceeds shall be
       treated as a portion of Class A Available Funds, Class B Available Funds
       and Collateral Available Funds.

          (iv)   Reinvested interest and other investment income on funds
       deposited in the Principal Funding Account shall not be considered to be
       principal amounts on deposit therein for purposes of this Supplement.

     (e)  (i)    The Trustee shall possess all right, title and interest in all
  funds on deposit from time to time in the Principal Funding Account and in all
  proceeds thereof. The Principal Funding Account shall be under the sole
  dominion and control of the Trustee for the benefit of the Series 2001-8
  Holders. If, at any time, the Principal Funding Account ceases to be an
  Eligible Deposit Account, the Trustee (or the Servicer on its behalf) shall
  within 10 Business Days (or such longer period, not to exceed 30 calendar
  days, as to which each Rating Agency may consent) establish a new Principal
  Funding Account meeting the conditions specified in

                                       21
<PAGE>

  paragraph (d)(i) above as an Eligible Deposit Account and shall transfer any
  cash and/or any investments to such new Principal Funding Account.

          (ii) Pursuant to the authority granted to the Servicer in Section
       3.01(b) of the Agreement, the Servicer shall have the power, revocable by
       the Trustee, to make withdrawals and payments or to instruct the Trustee
       to make withdrawals and payments from the Principal Funding Account for
       the purposes of carrying out the Servicer's or Trustee's duties
       hereunder.  Pursuant to the authority granted to the Paying Agent in
       Section 5.01 of this Supplement and Section 6.07 of the Agreement, the
       Paying Agent shall have the power, revocable by the Trustee, to withdraw
       funds from the Principal Funding Account for the purpose of making
       distributions to the Series 2001-8 Holders.

          (f)  The Accumulation Period is scheduled to commence at the close of
business on the last day of the September 2005 Monthly Period; provided,
                                                               --------
however, that if the Accumulation Period Length on any Determination Date
-------
(determined as described below) is less than twelve (12) months, upon notice to
the Trustee, the Sellers and each Rating Agency, the Servicer, at its option,
may elect to modify the date on which the Accumulation Period actually commences
to the last Business Day of any month that precedes the month that is the number
of months prior to the Expected Final Payment Date equal to the Accumulation
Period Length; provided, however, that (i) the length of the Accumulation Period
               --------  -------
will not be less than one month; and (ii) notwithstanding any other provision of
this Supplement to the contrary, no election to postpone the commencement of the
Accumulation Period shall be made after a Pay Out Event (as defined in the
related Supplement) shall have occurred and is continuing with respect to any
other Series.  On each Determination Date, the Servicer will determine the
"Accumulation Period Length" which will equal the number of months such that the
Accumulation Period Amount for the Monthly Period immediately preceding the
Expected Final Payment Date, when aggregated with the Accumulation Period
Amounts for each preceding Monthly Period, will equal or exceed the Initial
Invested Amount.  Any notice by the Servicer electing to modify the commencement
of the Accumulation Period pursuant to this subsection (f) shall specify (i) the
Accumulation Period Length, (ii) the commencement date of the Accumulation
Period and (iii) the Controlled Accumulation Amount with respect to each Monthly
Period during the Accumulation Period.

          Section 4.04.  Required Amount.
                         ---------------

          (a) With respect to each Distribution Date, on the related
Determination Date, the Servicer shall determine the amount (the "Class A
Required Amount"), if any, by which (x) the sum of (i) Class A Monthly Interest
for such Distribution Date, (ii) any Class A Outstanding Monthly Interest, (iii)
any Class A Additional Interest for such Distribution Date and any Class A
Outstanding Additional Interest, (iv) the Class A Servicing Fee for such
Distribution Date, (v) any Class A Servicing Fee previously due but not paid to
the Servicer and (vi) the Class A Investor Default Amount, if any, for such
Distribution Date exceeds (y) the Class A Available Funds.  In the event that
the Class A Required Amount for such Distribution Date is greater than zero, the
Servicer shall give written notice to the Trustee of such positive Class A
Required Amount on the date of computation and all or a portion of the Excess
Spread and the Excess Finance Charges allocable to Series 2001-8 with respect to
the related Monthly Period in an amount equal to the Class A Required Amount for
such Distribution Date shall be distributed from the Collection Account on such
Distribution Date pursuant to Section 4.07(a).  In the event that the Class A
Required Amount for such Distribution Date exceeds the amount of Excess Spread
and the amount of Excess Finance

                                       22
<PAGE>

Charges allocable to Series 2001-8 with respect to the related Monthly Period,
all or a portion of the Reallocated Principal Collections with respect to such
Monthly Period in an amount equal to such excess shall be distributed from the
Collection Account on such Distribution Date pursuant to Section 4.08(a).

          (b) With respect to each Distribution Date, on the related
Determination Date, the Servicer shall determine the amount (the "Class B
Required Amount") equal to the sum of (x) the amount, if any, by which (A) the
sum of (i) Class B Monthly Interest for such Distribution Date, (ii) any Class B
Outstanding Monthly Interest, (iii) any Class B Additional Interest for such
Distribution Date and any Class B Outstanding Additional Interest, (iv) the
Class B Servicing Fee for such Distribution Date and (v) any Class B Servicing
Fee previously due but not paid to the Servicer exceeds (B) the Class B
Available Funds and (y) the Class B Investor Default Amount for such
Distribution Date.  In the event that the Class B Required Amount for such
Distribution Date exceeds the portion of Excess Spread and Excess Finance
Charges allocated to Series 2001-8 with respect to such Monthly Period and not
used to fund the Class A Required Amount, then a portion of the Reallocated
Principal Collections with respect to such Monthly Period shall be distributed
from the Collection Account on such Distribution Date pursuant to Section
4.08(b).

          Section 4.05.  Application of Class A Available Funds, Class B
                         -----------------------------------------------
Available Funds, Collateral Available Funds and Available Investor Principal
----------------------------------------------------------------------------
Collections. The Servicer shall apply (if a Seller is the Servicer and the
-----------
Collection Account is maintained with such Seller) or shall cause the Trustee to
apply, on each Distribution Date, Class A Available Funds, Class B Available
Funds, Collateral Available Funds, and Available Investor Principal Collections
on deposit in the Collection Account with respect to such Distribution Date to
make the following distributions:

          (a)   On each Distribution Date, an amount equal to the Class A
     Available Funds with respect to such Distribution Date will be distributed
     in the following priority:

          (i)   an amount equal to Class A Monthly Interest for such
       Distribution Date, plus the amount of any Class A Outstanding Monthly
                          ----
       Interest, plus the amount of any Class A Additional Interest for such
                 ----
       Distribution Date and any Class A Outstanding Additional Interest, shall
       be distributed to the Paying Agent with respect to the Class A
       Certificates for payment to the Class A Certificateholders;

          (ii)  an amount equal to the Class A Servicing Fee for such
       Distribution Date, plus the amount of any Class A Servicing Fee
                          ----
       previously due but not distributed to the Servicer on a prior
       Distribution Date, shall be distributed to the Servicer (unless such
       amount has been netted against deposits to the Collection Account in
       accordance with Section 4.03 of the Agreement);

          (iii) an amount equal to the Class A Investor Default Amount for such
       Distribution Date shall be treated as a portion of Available Investor
       Principal Collections for such Distribution Date; and

          (iv)  the balance, if any, shall constitute Excess Spread and shall be
       allocated and distributed as set forth in Section 4.07.

                                       23
<PAGE>

          (b)   On each Distribution Date, an amount equal to the Class B
     Available Funds with respect to such Distribution Date will be distributed
     in the following priority:

          (i)   an amount equal to Class B Monthly Interest for such
       Distribution Date, plus the amount of any Class B Outstanding Monthly
                          ----
       Interest, plus the amount of any Class B Additional Interest for such
                 ----
       Distribution Date and any Class B Outstanding Additional Interest, shall
       be distributed to the Paying Agent with respect to the Class B
       Certificates for payment to the Class B Certificateholders;

          (ii)  an amount equal to the Class B Servicing Fee for such
       Distribution Date, plus the amount of any Class B Servicing Fee
                          ----
       previously due but not distributed to the Servicer on a prior
       Distribution Date, shall be distributed to the Servicer (unless such
       amount has been netted against deposits to the Collection Account in
       accordance with Section 4.03 of the Agreement); and

          (iii) the balance, if any, shall constitute Excess Spread and shall
       be allocated and distributed as set forth in Section 4.07.

          (c)   On each Distribution Date, an amount equal to the Collateral
     Available Funds with respect to such Distribution Date will be distributed
     in the following priority:

          (i)   an amount equal to the Collateral Servicing Fee for such
       Distribution Date, plus the amount of any Collateral Servicing Fee
                          ----
       previously due but not distributed to the Servicer on a prior
       Distribution Date, shall be distributed to the Servicer (unless such
       amount has been netted against deposits to the Collection Account in
       accordance with Section 4.03 of the Agreement); and

          (ii)  the balance, if any, shall constitute Excess Spread and shall be
       allocated and distributed as set forth in Section 4.07.

          (d)   On each Distribution Date with respect to the Revolving Period,
     an amount equal to the Available Investor Principal Collections deposited
     in the Collection Account for the related Monthly Period shall be treated
     as Shared Principal Collections and applied in accordance with Section 4.04
     of the Agreement.

          (e)   On each Distribution Date with respect to the Accumulation
     Period or the Early Amortization Period, an amount equal to the Available
     Investor Principal Collections deposited in the Collection Account for the
     related Monthly Period will be distributed in the following priority:

          (i)   an amount equal to Class A Monthly Principal for such
       Distribution Date, up to the Class A Adjusted Invested Amount on such
       Distribution Date, shall be deposited in the Principal Funding Account
       or, if such Distribution Date is a Special Payment Date on which the
       Principal Funding Account Balance is zero, shall be distributed to the
       Paying Agent for payment to the Class A Certificateholders;

                                       24
<PAGE>

          (ii)   after giving effect to paragraph (i) above, an amount equal to
       Class B Monthly Principal for such Distribution Date, up to the Class B
       Adjusted Invested Amount on such Distribution Date, shall be deposited in
       the Principal Funding Account or, if such Distribution Date is a Special
       Payment Date on which the Principal Funding Account Balance is zero,
       shall be distributed to the Paying Agent for payment to the Class B
       Certificateholders;

          (iii)  after giving effect to paragraphs (i) and (ii) above, an amount
       equal to Collateral Monthly Principal for such Distribution Date, up to
       the Collateral Adjusted Invested Amount on such Distribution Date, shall
       be deposited in the Principal Funding Account or, if such Distribution
       Date is a Special Payment Date on which the Principal Funding Account
       Balance is zero, shall be distributed to the Paying Agent for payment to
       the Collateral Interest Holder; and

          (iv)   for each Distribution Date, after giving effect to paragraphs
       (i), (ii) and (iii) above, an amount equal to the balance, if any, of
       such Available Investor Principal Collections then on deposit in the
       Collection Account shall be treated as Shared Principal Collections and
       applied in accordance with Section 4.04 of the Agreement.

          Section 4.06.  Defaulted Amounts; Investor Charge-Offs.
                         ---------------------------------------

          (a) On each Determination Date, the Servicer shall calculate the Class
A Investor Default Amount, if any, for the related Distribution Date.  If, on
any Distribution Date, the Class A Required Amount for such Distribution Date
exceeds the sum of (x) the amount of Reallocated Principal Collections with
respect to the related Monthly Period and (y) the amount of Excess Spread and
Excess Finance Charges allocable to Series 2001-8 with respect to such Monthly
Period, the Collateral Invested Amount will be reduced by the amount of such
excess, but not by more than the excess of the Class A Investor Default Amount
for the related Distribution Date over the amount of Reallocated Principal
                                  ----
Collections and the amount of Excess Spread and Excess Finance Charges used to
fund the Class A Investor Default Amount for such Distribution Date.  In the
event that such reduction would cause the Collateral Invested Amount to be a
negative number, the Collateral Invested Amount will be reduced to zero and the
Class B Invested Amount shall be reduced by the amount by which the Collateral
Invested Amount would have been reduced below zero, but not by more than the
excess, if any, of the Class A Investor Default Amount for such Distribution
Date over the amount of such reduction, if any, of the Collateral Invested
     ----
Amount with respect to such Distribution Date and the amount of Reallocated
Principal Collections and the amount of Excess Spread and Excess Finance Charges
used to fund the Class A Investor Default Amount for such Distribution Date.  In
the event that such reduction would cause the Class B Invested Amount to be a
negative number, the Class B Invested Amount shall be reduced to zero, and the
Class A Invested Amount shall be reduced by the amount by which the Class B
Invested Amount would have been reduced below zero, but not by more than the
excess, if any, of the Class A Investor Default Amount for such Distribution
Date over the aggregate amount of the reductions, if any, of the Collateral
     ----
Invested Amount and the Class B Invested Amount for such Distribution Date and
the amount of Reallocated Principal Collections and the amount of Excess Spread
and Excess Finance Charges used to fund the Class A Investor Default Amount for
such Distribution Date (a "Class A Investor Charge-Off").  Class A Investor
Charge-Offs shall thereafter be reimbursed and the Class A Invested Amount
increased (but not by an amount in excess of the aggregate unreimbursed Class A
Investor Charge-Offs) on any Distribution Date by the amount of

                                       25
<PAGE>

Excess Spread and Excess Finance Charges allocated and available for that
purpose pursuant to Section 4.07(b).

          (b) On each Determination Date, the Servicer shall calculate the Class
B Required Amount, if any, for the related Distribution Date. If, on any
Distribution Date, the Class B Required Amount for such Distribution Date
exceeds the sum of (x) the amount of Excess Spread and Excess Finance Charges
allocated to Series 2001-8 with respect to the related Monthly Period which are
not used to fund the Class A Required Amount and Class A Investor Charge-Offs on
the related Distribution Date and (y) the amount of Reallocated Principal
Collections which are available to fund the Class B Required Amount on such
Distribution Date pursuant to Section 4.08(b), then the Collateral Invested
Amount shall be reduced by the amount of such excess, but not by more than the
excess of the Class B Investor Default Amount for such Distribution Date over
                                                                         ----
the amount of Reallocated Principal Collections and the amount of Excess Spread
and Excess Finance Charges used to fund the Class B Investor Default Amount for
such Distribution Date.  In the event that such reduction would cause the
Collateral Invested Amount to be a negative number, the Collateral Invested
Amount shall be reduced to zero, and the Class B Invested Amount shall be
reduced by the amount by which the Collateral Invested Amount would have been
reduced below zero, but not by more than the excess, if any, of the Class B
Investor Default Amount for such Distribution Date over the amount of such
                                                   ----
reduction, if any, of the Collateral Invested Amount with respect to such
Distribution Date and the amount of Reallocated Principal Collections and the
amount of Excess Spread and Excess Finance Charges used to fund the Class B
Investor Default Amount for such Distribution Date (a "Class B Investor Charge-
Off").  Class B Investor Charge-Offs shall thereafter be reimbursed and the
Class B Invested Amount increased (but not by an amount in excess of the
aggregate unreimbursed Class B Investor Charge-Offs) on any Distribution Date by
the amount of Excess Spread and Excess Finance Charges allocated and available
for that purpose pursuant to Section 4.07(d).

          (c) If, on any Distribution Date, Reallocated Principal Collections
for the related Monthly Period are applied pursuant to Section 4.08(a) or (b),
the Collateral Invested Amount shall be reduced by the amount of such
Reallocated Principal Collections. In the event that such reduction would cause
the Collateral Invested Amount to be a negative number, the Collateral Invested
Amount shall be reduced to zero, and the Class B Invested Amount shall be
reduced by the amount by which the Collateral Invested Amount would have been
reduced below zero.

          (d) If, on any Distribution Date, the Collateral Investor Default
Amount exceeds the amount of Excess Spread and Excess Finance Charges available
to fund the Collateral Investor Default Amount pursuant to Section 4.07(g) on
such Distribution Date, then the Collateral Invested Amount shall be reduced by
the amount of such excess; provided, however, that the Collateral Invested
                           --------  -------
Amount shall not be reduced below zero.

          Section 4.07. Excess Spread; Excess Finance Charges. The Servicer
                        -------------------------------------
shall apply (if the Seller is the Servicer and the Collection Account is
maintained with the Seller) or shall cause the Trustee to apply, on each
Distribution Date, Excess Spread and Excess Finance Charges allocated to Series
2001-8 with respect to the related Monthly Period, to make the following
distributions in the following priority:

          (a) an amount equal to the Class A Required Amount, if any, with
     respect to such Distribution Date shall be distributed by the Trustee to
     fund any deficiency pursuant to

                                       26
<PAGE>

     Sections 4.05(a)(i), (ii) and (iii); provided that in the event the Class A
                                          --------
     Required Amount for such Distribution Date exceeds the amount of Excess
     Spread and Excess Finance Charges allocated to Series 2001-8, such Excess
     Spread and Excess Finance Charges shall be applied first to pay amounts due
     with respect to such Distribution Date pursuant to Section 4.05(a)(i),
     second to pay the Class A Servicing Fee pursuant to Section 4.05(a)(ii) and
     third to pay the Class A Investor Default Amount for such Distribution Date
     pursuant to Section 4.05(a)(iii);

          (b) an amount equal to the aggregate amount of Class A Investor
     Charge-Offs which have not been previously reimbursed as provided in
     Section 4.06(a) (after giving effect to the allocation on such Distribution
     Date of any amount for that purpose pursuant to Section 4.06(a)) shall be
     treated as a portion of Available Investor Principal Collections for such
     Distribution Date;

          (c) an amount equal to the Class B Required Amount, if any, with
     respect to such Distribution Date shall be distributed by the Trustee (I)
     to fund any deficiency pursuant to Sections 4.05(b)(i) and (ii) and (II)
     for application, up to the Class B Investor Default Amount, as a portion of
     Available Investor Principal Collections for such Distribution Date;
     provided that in the event the Class B Required Amount for such
     --------
     Distribution Date exceeds the amount of Excess Spread and Excess Finance
     Charges allocated to Series 2001-8 and available to pay such amount
     pursuant to this clause (c), such Excess Spread and Excess Finance Charges
     shall be applied first to pay amounts due with respect to such Distribution
     Date pursuant to Section 4.05(b)(i), second to pay the Class B Servicing
     Fee pursuant to Section 4.05(b)(ii) and third as a portion of Available
     Investor Principal Collections for such Distribution Date pursuant to
     clause (II) above;

          (d) an amount equal to the aggregate amount by which the Class B
     Invested Amount has been reduced pursuant to clauses (c), (d) and (e) of
     the definition of "Class B Invested Amount" in Section 2.01 of this
     Supplement (but not in excess of the aggregate amount of such reductions
     which have not been previously reimbursed) shall be treated as a portion of
     Available Investor Principal Collections for such Distribution Date;

          (e) an amount equal to the sum of Collateral Minimum Monthly Interest
     for such Distribution Date, plus the amount of any Collateral Outstanding
                                 ----
     Monthly Interest, plus the amount of any Collateral Additional Interest for
                       ----
     such Distribution Date and any Collateral Outstanding Additional Interest
     shall be distributed to the Collateral Interest Holder;

          (f) an amount equal to the Collateral Servicing Fee due but not paid
     to the Servicer either on such Distribution Date or a prior Distribution
     Date shall be paid to the Servicer;

          (g) an amount equal to the Collateral Investor Default Amount for such
     Distribution Date shall be treated as a portion of Available Investor
     Principal Collections with respect to such Distribution Date;

          (h) an amount equal to the aggregate amount by which the Collateral
     Invested Amount has been reduced pursuant to clause (c) of the definition
     of "Collateral Invested

                                       27
<PAGE>

     Amount" (but not in excess of the aggregate amount of such reductions which
     have not been previously reimbursed) shall be treated as a portion of
     Available Investor Principal Collections with respect to such Distribution
     Date;

          (i) on each Distribution Date from and after the Reserve Account
     Funding Date, but prior to the date on which the Reserve Account terminates
     as described in Section 4.11(f), an amount up to the excess, if any, of the
     Required Reserve Account Amount over the Available Reserve Account Amount
                                     ----
     shall be deposited into the Reserve Account; and

          (j) the balance, if any, will be distributed to the Collateral
     Interest Holder.

          Section 4.08. Reallocated Principal Collections. The Servicer shall
                        ---------------------------------
apply (if a Seller is the Servicer and the Collection Account is maintained with
such Seller) or shall cause the Trustee to apply on each Distribution Date
Reallocated Principal Collections (applying all such Collections with respect to
the Collateral Invested Amount prior to applying any such Collections with
respect to the Class B Invested Amount and applying no such Collections with
respect to the Class B Invested Amount pursuant to clause (b) below) with
respect to such Distribution Date, to make the following distributions in the
following priority:

          (a) an amount equal to the excess, if any, of (i) the Class A Required
     Amount, if any, with respect to such Distribution Date over (ii) the amount
                                                            ----
     of Excess Spread and Excess Finance Charges allocated to Series 2001-8 with
     respect to the related Monthly Period, shall be distributed by the Trustee
     to fund any deficiency pursuant to Sections 4.05(a)(i), (ii), (iii) and
     (iv); provided that, in the event the Class A Required Amount for such
           --------
     Distribution Date exceeds the sum of the amount of Excess Spread and Excess
     Finance Charges allocated to Series 2001-8 and the amount of Reallocated
     Principal Collections for the related Monthly Period, such Excess Spread
     and Excess Finance Charges allocated to Series 2001-8 and Reallocated
     Principal Collections shall be applied first to pay amounts due with
     respect to such Distribution Date pursuant to Section 4.05(a)(i), second to
     pay the Class A Servicing Fee pursuant to Section 4.05(a)(ii) and third to
     pay the Class A Investor Default Amount for such Distribution Date pursuant
     to Section 4.05(a)(iii);

          (b) an amount equal to the excess, if any, of (i) the Class B Required
     Amount, if any, with respect to such Distribution Date over (ii) the amount
                                                            ----
     of Excess Spread and Excess Finance Charges to be allocated and available
     to the holders of the Class B Certificates pursuant to Section 4.07(c) on
     such Distribution Date, shall be distributed by the Trustee to fund any
     deficiency pursuant to Sections 4.05(b)(i) and (ii) and Section
     4.07(c)(II); provided that, in the event the Class B Required Amount for
                  --------
     such Distribution Date exceeds the sum of the amount of Excess Spread and
     Excess Finance Charges to be allocated to the holders of the Class B
     Certificates on such Distribution Date and the amount of Reallocated
     Principal Collections (other than Reallocated Principal Collections
     distributed pursuant to clause (a) above) for the related Monthly Period,
     such Excess Spread and Excess Finance Charges and such Reallocated
     Principal Collections shall be applied first to pay the amounts due with
     respect to such Distribution Date pursuant to Section 4.05(b)(i), second to
     pay the Class B Servicing Fee pursuant to Section 4.05(b)(ii) and third to
     apply any remaining amount as a portion of Available Investor Principal
     Collections for such Distribution Date pursuant to Section 4.07(c)(II); and

                                       28
<PAGE>

          (c) the balance, if any, of such Reallocated Principal Collections
     shall be treated as a portion of Available Investor Principal Collections
     to be applied in accordance with Sections 4.05(d) and (e).

          Section 4.09.  Excess Finance Charges. Series 2001-8 shall be
                         ----------------------
included in Group One. Subject to Section 4.05 of the Agreement, Excess Finance
Charges with respect to the Series in Group One for any Distribution Date will
be allocated to Series 2001-8 in an amount equal to the product of (x) the
aggregate amount of Excess Finance Charges with respect to all the Series in
Group One for such Distribution Date and (y) a fraction, the numerator of which
is the Finance Charge Shortfall for Series 2001-8 for such Distribution Date and
the denominator of which is the aggregate amount of Finance Charge Shortfalls
for all the Series in Group One for such Distribution Date. The amount of Excess
Finance Charges for Series 2001-8 for any Distribution Date shall be specified
in subsection 3.02(a)(v) of the Transfer Agreement. On each Distribution Date,
the Trustee shall deposit into the Collection Account for application in
accordance with Section 4.05 of the Agreement the aggregate amount of "Excess
Finance Charges" received by the Trustee pursuant to the Transfer Agreement on
such date. The "Finance Charge Shortfall" for Series 2001-8 for any Distribution
Date will be equal to the excess, if any, of (a) the full amount required to be
paid, without duplication, pursuant to Sections 4.05(a), 4.05(b) and 4.05(c) and
Sections 4.07(a) through (i) on such Distribution Date over (b) the sum of (i)
                                                       ----
Class A Available Funds, (ii) Class B Available Funds and (iii) Collateral
Available Funds, each with respect to the related Monthly Period.

          Section 4.10.  Shared Principal Collections. Subject to Section 4.04
                         ----------------------------
of the Agreement, Shared Principal Collections for any Distribution Date will be
allocated to Series 2001-8 in an amount equal to the product of (x) the
aggregate amount of Shared Principal Collections with respect to all Series for
such Distribution Date and (y) a fraction, the numerator of which is the
Principal Shortfall for Series 2001-8 for such Distribution Date and the
denominator of which is the aggregate amount of Principal Shortfalls for all the
Series which are Principal Sharing Series for such Distribution Date.  The
"Principal Shortfall" for Series 2001-8 will be equal to (a) for any
Distribution Date with respect to the Revolving Period, zero, (b) for any
Distribution Date with respect to the Accumulation Period, the excess, if any,
of the Controlled Deposit Amount with respect to such Distribution Date, over
                                                                         ----
the amount of Available Investor Principal Collections for such Distribution
Date (excluding any portion thereof attributable to Shared Principal
Collections) and (c) for any Distribution Date with respect to the Early
Amortization Period, the excess, if any, of the Invested Amount over the amount
                                                                ----
of Available Investor Principal Collections for such Distribution Date
(excluding any portion thereof attributable to Shared Principal Collections).

          Section 4.11.  Reserve Account.
                         ---------------

          (a)  The Servicer shall establish and maintain, in the name of the
Trustee, on behalf of the Trust, for the benefit of the Series 2001-8 Holders,
an Eligible Deposit Account (the "Reserve Account") bearing a designation
clearly indicating that the funds deposited therein are held for the benefit of
the Series 2001-8 Holders. The Reserve Account shall initially be established
with The Bank of New York. The Trustee shall possess all right, title and
interest in all funds on deposit from time to time in the Reserve Account and in
all proceeds thereof. The Reserve Account shall be under the sole dominion and
control of the Trustee for the benefit of the Series 2001-8 Holders.

                                       29
<PAGE>

If at any time the Reserve Account ceases to be an Eligible Deposit Account, the
Trustee (or the Servicer on its behalf) shall within 10 Business Days (or such
longer period, not to exceed 30 calendar days, as to which each Rating Agency
may consent) establish a new Reserve Account meeting the conditions specified
above as an Eligible Deposit Account, and shall transfer any cash and/or any
investments to such new Reserve Account. The Trustee, at the direction of the
Servicer, shall (i) make withdrawals from the Reserve Account from time to time
in an amount up to the Available Reserve Account Amount at such time, for the
purposes set forth in this Supplement, and (ii) on each Distribution Date (from
and after the Reserve Account Funding Date) prior to the termination of the
Reserve Account make a deposit into the Reserve Account in the amount specified
in, and otherwise in accordance with, Section 4.07(i).

     (b)  Funds on deposit in the Reserve Account shall be invested at the
direction of the Servicer by the Trustee in Eligible Investments.  Funds on
deposit in the Reserve Account on any Transfer Date, after giving effect to any
withdrawals from the Reserve Account on such Transfer Date, shall be invested in
such investments that will mature so that such funds will be available for
withdrawal on or prior to the following Transfer Date. The Trustee shall (i)
hold each Eligible Investment that constitutes investment property through a
securities intermediary, which securities intermediary shall agree with the
Trustee that (A) such investment property shall at all times be credited to a
securities account of the Trustee, (B) such securities intermediary shall treat
the Trustee as entitled to exercise the rights that comprise each financial
asset credited to such securities account, (C) all property credited to such
securities account shall be treated as a financial asset, (D) such securities
intermediary shall comply with entitlement orders originated by the Trustee
without the further consent of any other person or entity, (E) such securities
intermediary shall not agree with any person or entity other than the Trustee to
comply with entitlement orders originated by such other person or entity, (F)
such securities intermediary waives any lien on, security interest in, or right
of set-off with respect to any property credited to such securities account, and
(G) such agreement shall be governed by the laws of the State of New York; and
(ii) maintain possession of each other Eligible Investment not described in
clause (i) above in the State of New York.  Terms used in clause (i) above that
are defined in the New York UCC and not otherwise defined herein shall have the
meaning set forth in the New York UCC.  No Eligible Investment shall be disposed
of prior to its maturity.  On each Distribution Date, all interest and earnings
(net of losses and investment expenses) accrued since the preceding Distribution
Date on funds on deposit in the Reserve Account shall be retained in the Reserve
Account (to the extent that the Available Reserve Account Amount is less than
the Required Reserve Account Amount) and the balance, if any, shall be deposited
in the Collection Account and treated as Collections of Finance Charge
Receivables allocable to Series 2001-8.  For purposes of determining the
availability of funds or the balance in the Reserve Account for any reason under
this Supplement, except as otherwise provided in the preceding sentence,
investment earnings on such funds shall be deemed not to be available or on
deposit.

     (c)  On the Determination Date preceding each Distribution Date with
respect to the Accumulation Period and the first Special Payment Date, the
Servicer shall calculate the "Reserve Draw Amount" which shall be equal to the
sum of the excesses, if any, identified in subsections 4.11(d)(i), (ii) and
(iii); provided that such amount will be reduced to the extent that funds
       --------
otherwise would be available for deposit in the Reserve Account under Section
4.07(i) with respect to such Distribution Date or Special Payment Date.

                                       30
<PAGE>

       (d)    In the event that for any Distribution Date the Reserve Draw
Amount is greater than zero, the Reserve Draw Amount, up to the Available
Reserve Account Amount, shall be withdrawn from the Reserve Account on the
related Distribution Date by the Trustee (acting in accordance with the
instructions of the Servicer), deposited into the Collection Account and applied
in the following priority:

       (i)    an amount up to the excess, if any, of (x) an amount equal to that
     portion of the Covered Amount computed pursuant to clause (a) of the
     definition of Covered Amount over (y) an amount equal to that portion of
     the Class A Available Funds computed pursuant to clause (a) of the
     definition of Class A Available Funds shall be included as Class A
     Available Funds; and

       (ii)   an amount up to the excess, if any, of (x) an amount equal to that
     portion of the Covered Amount computed pursuant to clause (b) of the
     definition of Covered Amount over (y) an amount equal to that portion of
     the Class B Available Funds computed pursuant to clause (a) of the
     definition of Class B Available Funds shall be treated as Class B Available
     Funds; and

       (iii)  on and after the Distribution Date on which the Principal Funding
     Account Balance equals the sum of the Class A Invested Amount and the Class
     B Invested Amount, an amount up to the excess, if any, of (x) an amount
     equal to that portion of the Covered Amount computed pursuant to clause (c)
     of the definition of Covered Amount over (y) an amount equal to the
     aggregate amount of Excess Spread and Excess Finance Charge Collections
     allocated to Series 2001-8 with respect to such Distribution Date or
     Special Payment Date available after application in accordance with
     subsections 4.07(a) through (d) shall be distributed to the Collateral
     Interest Holder.

       (e)    In the event that the Reserve Account Surplus on any Distribution
Date, after giving effect to all deposits to and withdrawals from the Reserve
Account with respect to such Distribution Date, is greater than zero, the
Trustee, acting in accordance with the instructions of the Servicer, shall
withdraw from the Reserve Account, and distribute to the Collateral Interest
Holder, an amount equal to such Reserve Account Surplus.

       (f)    Upon the earliest to occur of (i) the termination of the Trust
pursuant to Article XII of the Agreement, (ii) the day on which the Invested
Amount is paid in full to the Class A Certificateholders, the Class B
Certificateholders and the Collateral Interest Holder, (iii) if the Accumulation
Period has not commenced, the occurrence of a Pay Out Event with respect to
Series 2001-8 and (iv) if the Accumulation Period has commenced, the earlier of
the first Special Payment Date and the Expected Final Payment Date, the Trustee,
acting in accordance with the instructions of the Servicer, after the prior
payment of all amounts owing to the Series 2001-8 Certificateholders which are
payable from the Reserve Account as provided herein, shall withdraw from the
Reserve Account and distribute to the Collateral Interest Holder all amounts, if
any, on deposit in the Reserve Account and the Reserve Account shall be deemed
to have terminated for purposes of this Supplement.

                                       31
<PAGE>

                                   ARTICLE V

         Distributions and Reports to Series 2001-8 Certificateholders
         -------------------------------------------------------------

       Section 5.01.  Distributions.
                      -------------

       (a)  On each Payment Date, the Paying Agent shall distribute to each
Class A Certificateholder of record on the related Record Date (other than as
provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro
                                                                             ---
rata share of the amounts that are allocated and available on such Payment Date
----
to pay interest on the Class A Certificates pursuant to this Supplement.

       (b)  On each Special Payment Date and on the Expected Final Payment Date,
the Paying Agent shall distribute to each Class A Certificateholder of record on
the related Record Date (other than as provided in Section 12.02 of the
Agreement) such Class A Certificateholder's pro rata share of the amounts on
                                            --------
deposit in the Principal Funding Account (in an amount not to exceed the Class A
Invested Amount) or otherwise held by the Paying Agent and which are allocated
and available on such date to pay principal of the Class A Certificates pursuant
to this Supplement up to a maximum amount on any such date equal to the Class A
Invested Amount on such date (unless there has been an optional repurchase of
the Certificateholders' Interest with respect to Series 2001-8 pursuant to
Section 10.01 of the Agreement, in which event the foregoing limitation will not
apply).

       (c)  On each Payment Date, the Paying Agent shall distribute to each
Class B Certificateholder of record on the related Record Date (other than as
provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro
                                                                             ---
rata share of the amounts that are allocated and available on such Payment Date
----
to pay interest on the Class B Certificates pursuant to this Supplement.

       (d)  On each Special Payment Date, if any, commencing on the first
Special Payment Date on which the Class A Invested Amount is paid in full and on
the Expected Final Payment Date, the Paying Agent shall distribute to each Class
B Certificateholder of record on the related Record Date (other than as provided
in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata
                                                                    --------
share of the amounts on deposit in the Principal Funding Account in excess of
the Class A Invested Amount (in an amount not to exceed the Class B Invested
Amount) or otherwise held by the Paying Agent and which are allocated and
available on such date to pay principal of the Class B Certificates pursuant to
this Supplement up to a maximum amount on any such date equal to the Class B
Invested Amount on such date (unless there has been an optional repurchase of
the Certificateholders' Interest with respect to Series 2001-8 pursuant to
Section 10.01 of the Agreement, in which event the foregoing limitation will not
apply).

       (e)  On each Payment Date, the Paying Agent shall distribute to each
Collateral Interest Holder of record on the related Record Date (other than as
provided in Section 12.02 of the Agreement) such Collateral Interest Holder's
pro rata share of the amounts that are allocated and available on such Payment
--------
Date to pay interest on the Collateral Interest pursuant to this Supplement.

                                       32
<PAGE>

       (f)  On each Special Payment Date, if any, commencing on the first
Special Payment Date on which the Class B Invested Amount is paid in full and on
the Expected Final Payment Date, the Paying Agent shall distribute to each
Collateral Interest Holder of record on the related Record Date such Collateral
Interest Holder's pro rata share of the amounts on deposit in the Principal
                  --------
Funding Account in excess of the sum of the Class A Invested Amount and the
Class B Invested Amount (in an amount not to exceed the Collateral Invested
Amount), held by the Paying Agent or otherwise allocated and available on such
date to pay principal of the Collateral Interest  pursuant to this Supplement up
to a maximum amount on any such date equal to the Collateral Invested Amount
(unless there has been an optional repurchase of the Certificateholders'
Interest with respect to Series 2001-8 pursuant to Section 10.01 of the
Agreement, in which event the foregoing limitation will not apply).

       (g)  The distributions to be made pursuant to this Section 5.01 are
subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the
Agreement and Sections 8.01 and 8.02 of this Supplement.

       (h)  Except as provided in Section 12.02 of the Agreement with respect to
a final distribution, distributions to each Series 2001-8 Certificateholder
hereunder shall be made by check mailed to each Series 2001-8 Certificateholder
at such Series 2001-8 Certificateholder's address appearing in the Certificate
Register without presentation or surrender of any Series 2001-8 Certificate or
the making of any notation thereon; provided, however, that with respect to the
                                    --------  -------
Series 2001-8 Certificates registered in the name of a Clearing Agency, such
distributions shall be made to such Clearing Agency in immediately available
funds.  Distributions to each Collateral Interest Holder hereunder shall be made
(i) by wire transfer in same day funds to an account at a bank or other
depository institution located within the United States as shall have been
designated by such Collateral Interest Holder by notice in writing on or before
the related Payment Date or (ii) in the absence of such designation, by check
mailed to each Collateral Interest Holder at the address appearing in the
Transfer Agreement.

          Section 5.02.  Reports and Statements to Series 2001-8
                         ---------------------------------------
Certificateholders.
------------------

          (a)  On each Distribution Date, the Paying Agent, on behalf of the
Trustee, shall make available for inspection upon request to each Series 2001-8
Holder free of charge at the office of such Paying Agent a statement
substantially in the form of Exhibit C prepared by the Servicer for a period of
six months commencing on such Distribution Date.

          (b)  Not later than each Determination Date, the Servicer shall
deliver to the Trustee, the Paying Agent and each Rating Agency (i) a statement
substantially in the form of Exhibit B prepared by the Servicer and (ii) a
certificate of a Servicing Officer substantially in the form of Exhibit C.

          (c)  On or before January 31 of each calendar year, beginning with the
calendar year next succeeding the Closing Date, the Paying Agent, on behalf of
the Trustee, shall make available for inspection upon request to each Person who
at any time during the preceding calendar year was a Series 2001-8 Holder free
of charge at the office of such Paying Agents, a statement prepared by the
Servicer containing the information which is required to be contained in the
statement to Series 2001-8 Holders, as set forth in paragraph (a) or (b) above,
as applicable, aggregated for such calendar year or the applicable portion
thereof during which such Person was a

                                       33
<PAGE>

Series 2001-8 Holder, together with other information as is required to be
provided by an issuer of indebtedness under the Internal Revenue Code for a
period of eighteen months commencing on February 1 of such calendar year. Such
obligation of the Servicer shall be deemed to have been satisfied to the extent
that substantially comparable information shall be made available for inspection
by the Paying Agent pursuant to any requirements of the Internal Revenue Code as
from time to time in effect.

                                   ARTICLE VI

                           Additional Pay Out Events
                           -------------------------

     Section 6.01.  Additional Pay Out Events.  If any one of the following
                    -------------------------
events shall occur with respect to the Series 2001-8 Certificates:

     (a)  failure on the part of a Seller (i) to make any payment or deposit
required by the terms of the Agreement or this Supplement on or before the date
occurring five Business Days after the date such payment or deposit is required
to be made therein or herein or (ii) duly to observe or perform any other
covenants or agreements of such Seller set forth in the Agreement or this
Supplement (including the covenants of the Seller contained in Article IX of
this Supplement), which failure has a material adverse effect on the Series
2001-8 Holders and which continues unremedied for a period of 60 days after the
date on which written notice of such failure, requiring the same to be remedied,
shall have been given to the Sellers by the Trustee, or to the Sellers and the
Trustee by any Series 2001-8 Holder;

     (b)  any representation or warranty made by a Seller in the Agreement or
this Supplement, or any information contained in a computer file or microfiche
list required to be delivered by a Seller pursuant to Section 2.01 or 2.08(g) of
the 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 60 days after the date on which written notice of such failure,
requiring the same to be remedied, shall have been given to the Sellers by the
Trustee, or to the Sellers and the Trustee by any Holder of the Series 2001-8
Interests and as a result of which the interests of the Series 2001-8 Holders
are materially and adversely affected and continue to be materially and
adversely affected for such period; provided, however, that a Pay Out Event
                                    --------  -------
pursuant to this Section 6.01(b) shall not be deemed to have occurred hereunder
if the Seller has accepted reassignment of the related Receivable, or all of
such Receivables, if applicable, during such period in accordance with the
provisions of the Agreement;

     (c)  a failure by a Seller to convey Receivables in Additional Accounts or
Participation Interests to the Trust within five Business Days after the day on
which it is required to convey such Receivables or Participation Interests
pursuant to Section 2.08(a) of the Agreement or Section 9.02 of this Supplement;

     (d)  any Servicer Default shall occur;

     (e)  a Transfer Restriction Event shall occur;

                                       34
<PAGE>

     (f)  the average Portfolio Yield for any three consecutive Monthly Periods
is reduced to a rate which is less than the average Base Rate for such three
Monthly Periods; or

     (g)  the Invested Amount shall not be paid in full on the Expected Final
Payment Date;

then, in the case of any event described in subparagraph (a), (b) or (d), after
the applicable grace period, if any, set forth in such subparagraphs, either the
Trustee or the holders of Investor Certificates (including the Collateral
Interest Holder) of Series 2001-8 evidencing more than 50% of the aggregate
unpaid principal amount of Investor Certificates (including the Collateral
Interest ) by notice then given in writing to the Sellers and the Servicer (and
to the Trustee if given by the holders of Investor Certificates (including the
Collateral Interest Holder) of Series 2001-8) may declare that a Pay Out Event
has occurred with respect to Series 2001-8 as of the date of such notice, and,
in the case of any event described in subparagraph (c), (e), (f) or (g) a Pay
Out Event shall occur with respect to Series 2001-8 without any notice or other
action on the part of the Trustee or holders of Investor Certificates (including
the Collateral Interest Holder) of Series 2001-8 immediately upon the occurrence
of such event.

                                  ARTICLE VII

                    Optional Repurchase; Series Termination
                    ---------------------------------------

     Section 7.01.  Optional Repurchase.
                    -------------------

     (a)  On any day occurring on or after the date on which the Invested Amount
is reduced to 5% or less of the Initial Invested Amount, a Seller (so long as
such Seller is the Servicer or an Affiliate thereof) shall have the option to
purchase the interest of the Series 2001-8 Holders, at a purchase price equal to
(i) if such day is a Distribution Date, the Reassignment Amount for such
Distribution Date or (ii) if such day is not a Distribution Date, the
Reassignment Amount for the Distribution Date following such day.

     (b)  Such Seller shall give the Servicer and the Trustee at least 30 days
prior written notice of the date on which such Seller intends to exercise such
purchase option. Not later than 12:00 noon, Richmond time, on such day that
Seller shall deposit the Reassignment Amount into the Collection Account in
immediately available funds. Such purchase option is subject to payment in full
of the Reassignment Amount. Following the deposit of the Reassignment Amount
into the Collection Account in accordance with the foregoing, the Invested
Amount for Series 2001-8 shall be reduced to zero and the Series 2001-8
Certificateholders and the Collateral Interest Holder shall have no further
interest in the Receivables. The Reassignment Amount shall be distributed as set
forth in Section 8.01(b).

     Section 7.02.  Series Termination.
                    ------------------

     (a)  If, on the June 2009 Distribution Date, the Invested Amount (after
giving effect to all changes therein on such Distribution Date) would be greater
than zero, the Servicer, on behalf of the Trustee, shall, within the 40-day
period which begins on such Distribution Date, solicit bids for the sale of
Principal Receivables and the related Finance Charge Receivables (or interests
therein) in an amount equal to the Invested Amount at the close of business on
the last day of the

                                       35
<PAGE>

Monthly Period preceding the Termination Date (after giving effect to all
distributions required to be made on the Termination Date, except pursuant to
this Section 7.02). Such bids shall require that such sale shall (subject to
Section 7.02(b)) occur on the Termination Date.

          (b)  The Servicer, on behalf of the Trustee, shall sell such
Receivables (or interests therein) on the Termination Date to the bidder who
made the highest cash purchase offer. The proceeds of any such sale shall be
deposited in the Collection Account and treated as Collections on the
Receivables allocated to the Series 2001-8 Holders pursuant to the Agreement and
this Supplement; provided, however, that the Servicer shall determine
                 --------  -------
conclusively the amount of such proceeds which are allocable to Finance Charge
Receivables and the amount of such proceeds which are allocable to Principal
Receivables. During the period from the June 2009 Distribution Date to the
Termination Date, the Servicer shall continue to collect payments on the
Receivables and allocate and deposit such collections in accordance with the
provisions of the Agreement and the Supplements.

                                  ARTICLE VIII

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

          Section 8.01.  Sale of Receivables or Certificateholders' Interest
                         ---------------------------------------------------
pursuant to Section 2.06 or 10.01 of the Agreement.
--------------------------------------------------

          (a)  Purchase Price.  (i)  The amount to be paid by a Seller with
               --------------
     respect to Series 2001-8 in connection with a reassignment of Receivables
     to such Seller pursuant to Section 2.06 of the Agreement shall equal the
     Reassignment Amount for the first Distribution Date following the Monthly
     Period in which the reassignment obligation arises under the Agreement.

          (ii) The amount to be paid by a Seller with respect to Series 2001-8
     in connection with a repurchase of the Certificateholders' Interest
     pursuant to Section 10.01 of the Agreement shall equal the sum of (x) the
     Reassignment Amount for the Distribution Date of such repurchase and (y)
     the sum of (A) the excess, if any, of (I) a price equivalent to the average
     of bids quoted on the Record Date preceding the date of repurchase (or, if
     not a Business Day, on the next succeeding Business Day) by at least two
     recognized dealers selected by the Trustee at the written direction of the
     Servicer, for the purchase by such dealers of a security which is similar
     to the Class A Certificates with a remaining maturity approximately equal
     to the remaining maturity of the Class A Certificates and rated by each
     Rating Agency in the rating category originally assigned to the Class A
     Certificates over (II) the portion of the Reassignment Amount attributable
                  ----
     to the Class A Certificates, (B) the excess, if any, of (I) a price
     equivalent to the average of bids quoted on such Record Date or, if not a
     Business Day, on the next succeeding Business Day by at least two
     recognized dealers selected by the Trustee at the written direction of the
     Servicer, for the purchase by such dealers of a security which is similar
     to the Class B Certificates with a remaining maturity approximately equal
     to the remaining maturity of the Class B Certificates and rated by each
     Rating Agency in the rating category originally assigned to the Class B
     Certificates over (II) the portion of the Reassignment Amount attributable
                  ----
     to the Class B Certificates and (C) the excess, if any, of (I) a price
     equivalent to the average of bids quoted on such Record Date or, if not a
     Business Day, on the next succeeding Business Day by at least two

                                       36
<PAGE>

     recognized dealers selected by the Trustee at the written direction of the
     Servicer, for the purchase by such dealers of a security which is similar
     to the Notes (as defined in the Transfer Agreement) with a remaining
     maturity approximately equal to the remaining maturity of the Notes and
     rated by each rating agency selected to rate the Notes in the rating
     category originally assigned to the Notes over (II) the portion of the
     Reassignment Amount attributable to the Collateral Interest.

          (b)  Distributions Pursuant to Section 7.01 or 7.02 of this Supplement
               -----------------------------------------------------------------
and Section 10.01 of the Agreement.  With respect to the Reassignment Amount
----------------------------------
deposited into the Collection Account pursuant to Section 7.01 or 8.01(a)(ii) or
any amounts allocable to the Series 2001-8 Certificateholders' Interest
deposited into the Collection Account pursuant to Section 7.02, the Trustee
shall, not later than 12:00 noon, Richmond time, on the related Distribution
Date, make deposits or distributions of the following amounts (in the priority
set forth below and, in each case, after giving effect to any deposits and
distributions otherwise to be made on such date) in immediately available funds:
(i) (x) the Class A Invested Amount on such Distribution Date will be
distributed to the Paying Agent for payment to the Class A Certificateholders
and (y) an amount equal to the sum of (A) Class A Monthly Interest for such
Distribution Date, (B) any Class A Outstanding Monthly Interest and (C) the
amount of Class A Additional Interest, if any, for such Distribution Date and
any Class A Outstanding Additional Interest, will be distributed to the Paying
Agent for payment to the Class A Certificateholders, (ii) (x) the Class B
Invested Amount on such Distribution Date will be distributed to the Paying
Agent for payment to the Class B Certificateholders and (y) an amount equal to
the sum of (A) Class B Monthly Interest for such Distribution Date, (B) any
Class B Outstanding Monthly Interest and (C) the amount of Class B Additional
Interest, if any, for such Distribution Date and any Class B Outstanding
Additional Interest, will be distributed to the Paying Agent for payment to the
Class B Certificateholders and (iii) any remaining amounts will be distributed
to the Paying Agent for payment to the Collateral Interest Holder.
Notwithstanding anything to the contrary contained in this Supplement or the
Agreement, the amount of any excess determined pursuant to paragraph (a)(ii)(y)
shall be distributed to the Series 2001-8 Certificateholders.

          (c)  Distributions Pursuant to Section 2.06 of the Agreement.  With
               -------------------------------------------------------
respect to any amounts deposited into the Collection Account pursuant to Section
8.01(a)(i), the Trustee shall, not later than 12:00 noon, Richmond time, on the
related Distribution Date, deposit the principal portion of such amounts that
are allocable to the Series 2001-8 Holders into the Principal Funding Account.

          (d)  Notwithstanding anything to the contrary in this Supplement or
the Agreement, all amounts distributed to the Paying Agent pursuant to Section
8.01(b) for payment to the Series 2001-8 Holders shall be deemed distributed in
full to the Series 2001-8 Holders on the date on which such funds are
distributed to the Paying Agent pursuant to this Section and shall be deemed to
be a final distribution pursuant to Section 12.02 of the Agreement.

          Section 8.02.  Distribution of Proceeds of Sale, Disposition or
                         ------------------------------------------------
Liquidation of the Receivables pursuant to Section 9.02 of the Agreement.
------------------------------------------------------------------------

          (a)  Not later than 12:00 noon, Richmond time, on the Distribution
Date following the date on which the Insolvency Proceeds are deposited into the
Collection Account pursuant to Section 9.02(b) of the Agreement, the Trustee
shall (in the following priority and, in

                                      37
<PAGE>

each case, after giving effect to any deposits and distributions otherwise to be
made on such Distribution Date) (i) deduct an amount equal to the Class A
Invested Amount on such Distribution Date from the portion of the Insolvency
Proceeds allocated to Collections of Principal Receivables and distribute such
amount to the Paying Agent for payment to the Class A Certificateholders,
provided that the amount of such distribution shall not exceed the product of
(x) the portion of the Insolvency Proceeds allocated to Collections of Principal
Receivables and (y) the Principal Allocation Percentage with respect to the
related Monthly Period and (ii) deduct an amount equal to the Class B Invested
Amount on such Distribution Date from the portion of the Insolvency Proceeds
allocated to Collections of Principal Receivables and distribute such amount to
the Paying Agent for payment to the Class B Certificateholders, provided that
the amount of such distribution shall not exceed (x) the product of (A) the
portion of such Insolvency Proceeds allocated to Collections of Principal
Receivables and (B) the Principal Allocation Percentage with respect to the
related Monthly Period minus (y) the amount distributed to the Paying Agent
                       -----
pursuant to clause (i) of this sentence. To the extent that the product of (A)
the portion of the Insolvency Proceeds allocated to Collections of Principal
Receivables and (B) the Principal Allocation Percentage with respect to the
related Monthly Period exceeds the aggregate amounts distributed to the Paying
Agent pursuant to the preceding sentence, the excess shall be distributed to the
Paying Agent for payment to the Collateral Interest Holder on such Distribution
Date.

          (b) Not later than 12:00 noon, Richmond time, on such Distribution
Date, the Trustee shall (in the following priority and, in each case, after
giving effect to any deposits and distributions otherwise to be made on such
Distribution Date) (i) deduct an amount equal to the sum of (w) Class A Monthly
Interest for such Distribution Date, (x) any Class A Outstanding Monthly
Interest and (y) the amount of Class A Additional Interest, if any, for such
Distribution Date and any Class A Outstanding Additional Interest, from the
portion of the Insolvency Proceeds allocated to Collections of Finance Charge
Receivables and distribute such amount to the Paying Agent for payment to the
Class A Certificateholders, provided that the amount of such distribution shall
not exceed the product of (A) the portion of the Insolvency Proceeds allocated
to Collections of Finance Charge Receivables, (B) the Floating Allocation
Percentage with respect to the related Monthly Period and (C) the Class A
Floating Percentage with respect to such Monthly Period and (ii) deduct an
amount equal to the sum of (w) Class B Monthly Interest for such Distribution
Date, (x) Class B Outstanding Monthly Interest and (y) the amount of Class B
Additional Interest, if any, for such Distribution Date and any Class B
Outstanding Additional Interest, from the portion of the Insolvency Proceeds
allocated to Collections of Finance Charge Receivables and distribute such
amount to the Paying Agent for payment to the Class B Certificateholders,
provided that the amount of such distribution shall not exceed the product of
(A) the portion of the Insolvency Proceeds allocated to Collections of Finance
Charge Receivables, (B) the Floating Allocation Percentage with respect to the
related Monthly Period and (C) the Class B Floating Percentage with respect to
such Monthly Period.  To the extent that the product of (x) the portion of the
Insolvency Proceeds allocated to Collections of Finance Charge Receivables and
(y) the Floating Allocation Percentage with respect to the related Monthly
Period exceeds the aggregate amount distributed to the Paying Agent pursuant to
the preceding sentence, the excess shall be distributed to the Paying Agent for
payment to the Collateral Interest Holder on such Distribution Date.

          (c) Notwithstanding anything to the contrary in this Supplement or the
Agreement, all amounts distributed to the Paying Agent pursuant to this Section
for payment to the Series 2001-8 Holders shall be distributed in full to the
Series 2001-8 Holders on the date on which

                                       38
<PAGE>

funds are distributed to the applicable Paying Agents pursuant to this Section
and shall be deemed to be a final distribution pursuant to Section 12.02 of the
Agreement.

          (d) Notwithstanding any provision of the Agreement or this Supplement,
for purposes of Section 9.02(a) of the Agreement, the Holders of the Series
2001-8 Certificates shall not be deemed to have disapproved a liquidation of the
Receivables following an Insolvency Event with respect to the Seller unless (i)
holders of more than 50% of the aggregate unpaid principal amount of each of the
Class A Certificates and the Class B Certificates and (ii) beneficial owners of
more than 50% of the Collateral Interest  shall have disapproved of such
liquidation.

                                   ARTICLE IX

                                 New Issuances
                                 -------------

     Section 9.01.  New Issuances.  The obligation of the Trustee to
                    -------------
authenticate the Investor Certificates of a new Series and to execute and
deliver the related Supplement shall be subject to the conditions set forth in
Section 6.03(b) of the Agreement and to the additional condition that, as of the
Series Issuance Date and after giving effect to such issuance, the aggregate
amount of Principal Receivables equals or exceeds the Required Principal
Balance.

                                   ARTICLE X

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

     Section 10.01. Ratification of Agreement.  As supplemented by this
                    -------------------------
Supplement, the Agreement is in all respects ratified and confirmed and the
Agreement as so supplemented by this Supplement shall be read, taken and
construed as one and the same instrument.

     Section 10.02. Counterparts.  This 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 10.03. GOVERNING LAW.  THIS SUPPLEMENT SHALL BE CONSTRUED IN
                    -------------
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     Section 10.04. Determination of Material Adverse Effect.  Any determination
                    ----------------------------------------
of material adverse effect on the Series 2001-8 Certificateholders under the
Agreement or this Supplement shall be made assuming the Collateral Invested
Amount is zero (including, without limitation, any determination of whether a
representation or warranty made therein is correct or whether a Seller or the
Servicer has duly performed a covenant contained therein or herein).

     Section 10.05. Book-Entry Certificates.  The Class A Certificates and the
                    -----------------------
Class B Certificates shall be delivered as Book-Entry Certificates.  The
Clearing Agency for the Class A Certificates and the Class B Certificates shall
be The Depository Trust Company, and the Class

                                       39
<PAGE>

A Certificates and the Class B Certificates shall be initially registered in the
name of Cede & Co., its nominee. The Series 2001-8 Certificates are issuable
only in minimum denominations of $1,000 and integral multiples of $1,000.

          Section 10.06. Uncertificated Securities.  The Collateral Interest
                         -------------------------
shall be delivered in uncertificated form.

          Section 10.07. Transfers of the Collateral Interest.
                         ------------------------------------

          (a)  Unless otherwise consented to by the Sellers, no portion of the
Collateral Interest or any interest therein may be sold, conveyed, assigned,
hypothecated, pledged, participated, exchanged or otherwise transferred (each, a
"Transfer") except in accordance with this Section 10.07 and only to a Permitted
Assignee.  Any attempted or purported transfer, assignment, exchange,
conveyance, pledge, hypothecation or grant other than to a Permitted Assignee
shall be void.  Unless otherwise consented to by the Sellers, no portion of the
Collateral Interest or any interest therein may be Transferred to any Person
(each such Person acquiring the Collateral Interest or any interest therein, an
"Assignee") unless such Assignee shall have executed and delivered to the
Sellers on or before the effective date of any Transfer a letter substantially
in the form attached hereto as Exhibit D (an "Investment Letter"), executed by
such Assignee, with respect to the related Transfer to such Assignee of all or a
portion of the Collateral Interest.

          (b)  Each Assignee will certify that the Collateral Interest or the
interest therein purchased by such Assignee will be acquired for investment only
and not with a view to any public distribution thereof, and that such Assignee
will not offer to sell or otherwise dispose of the Collateral Interest or any
interest therein so acquired by it in violation of any of the registration
requirements of the Act, or any applicable state or other securities laws.  Each
Assignee will acknowledge and agree that (i) it has no right to require the
Seller to register under the Act or any other securities law the Collateral
Interest or the interest therein to be acquired by the Assignee and (ii) the
sale of the Collateral Interest is not being made by means of the Prospectus.
Each Assignee will agree with the Seller that: (a) such Assignee will deliver to
the Seller on or before the effective date of any Transfer an Investment Letter,
executed by such Assignee with respect to the purchase by such Assignee of all
or a portion of the Collateral Interest and (b) all of the statements made by
such Assignee in its Investment Letter shall be true and correct as of the date
made.

          (c)  No portion of the Collateral Interest or any interest therein may
be Transferred, and each Assignee will certify that it is not, (a) an "employee
benefit plan" (as defined in Section 3(3) of ERISA), including governmental
plans and church plans, (b) any "plan" (as defined in Section 4975(e)(1) of the
Code) including individual retirement accounts and Keogh plans, or (c) any other
entity whose underlying assets include "plan assets" (within the meaning of
Department of Labor Regulation Section 2510.3-101, 29 C.F.R. (S) 2510.3-101 or
otherwise under ERISA) by reason of a plan's investment in the entity,
including, without limitation, an insurance company general account.

          (d)  This Section 10.07 shall not apply to the transfer and pledge of
the Collateral Interest on the Closing Date by the Sellers pursuant to the
Transfer Agreement or by the Capital One Secured Note Trust 2001-8 to the
Indenture Trustee (as defined in the Transfer Agreement) pursuant to the
Indenture (as defined in the Transfer Agreement).

                                      40
<PAGE>

          Section 10.08. Certain Accounting Related Amendments.  Notwithstanding
                         -------------------------------------
any other provision of this Agreement to the contrary, the consent of the
Servicer, the Trustee and any Investor Certificateholder is hereby deemed to be
given in connection with the amendment of the Agreement or this Supplement to
account for the transfer of assets as sales in accordance with FASB Statement
No. 140, including providing for the transfer of receivables from the Sellers to
a bankruptcy-remote special purpose entity and from that entity to the trust;
provided that the Sellers shall have delivered a Tax Opinion on the date of such
--------
amendment.  Promptly after the effectiveness of any amendment pursuant to this
Section 10.08, the Sellers shall deliver a copy of such amendment to each of the
Servicer, the Trustee, each Rating Agency.

          Section 10.09. Additional Representations and Warranties of the
                         ------------------------------------------------
Sellers.  Each Seller hereby makes the following representations and warranties.
-------
Such representations and warranties shall survive until the termination of this
Series Supplement.  Such representations and warranties speak of the date that
the Collateral (as defined below) is transferred to the Trustee but shall not be
waived by any of the parties to this Series Supplement unless each Rating Agency
shall have notified the Sellers, the Servicer and the Trustee in writing that
such waiver will not result in a reduction or withdrawal of the rating of any
outstanding Series or Class to which it is a Rating Agency.

               (a)  The Agreement creates a valid and continuing security
     interest (as defined in the applicable UCC) in favor of the Trustee in the
     Receivables described in Section 2.01 of the Agreement (the "Collateral"),
     which security interest is prior to all other liens, and is enforceable as
     such against creditors of and purchasers from such Seller.

               (b)  The Collateral constitutes "accounts" within the meaning of
     the applicable UCC.

               (c)  At the time of its transfer of any item of collateral to the
     Trustee pursuant to the Agreement, such Seller owned and had good and
     marketable title to such item of collateral free and clear of any lien,
     claim or encumbrance of any Person.

               (d)  Such Seller has caused or will have caused, within ten (10)
     days of the initial execution of the Agreement, the filing of all
     appropriate financing statements in the proper filing office in the
     appropriate jurisdictions under applicable law in order to perfect the
     security interest in the Collateral granted to the Trustee pursuant to the
     Agreement.

               (e)  Other than the security interest granted to the Trustee
     pursuant to the Agreement or an Assignment, such Seller has not pledged,
     assigned, sold, granted a security interest in, or otherwise conveyed the
     Collateral.  Such Seller has not authorized the filing of and is not aware
     of any financing statements against such Seller that include a description
     of the Collateral other than any financing statement relating to the
     security interest granted to the Trustee pursuant to the Agreement or an
     Assignment or that has been terminated.  Such Seller is not aware of any
     judgment or tax lien filings against such Seller.

                                      41
<PAGE>

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

                              CAPITAL ONE BANK,
                                 Seller and Servicer

                              By: ___________________________________
                                  Name:  Bonnie A. Seideman
                                  Title:    Manager of Securitization

                              CAPITAL ONE, F.S.B.,
                                  Seller

                              By: ____________________________________
                                  Name: Bonnie A. Seideman
                                  Title: Manager of Securitization

                              THE BANK OF NEW YORK,
                                  Trustee

                              By: _____________________________________
                                  Name:
                                  Title:

<PAGE>

                                                                     EXHIBIT A-1

REGISTERED                                                       $845,000,000/1/

No. R-1                                                      CUSIP No. 14040KCD8

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

                           CAPITAL ONE MASTER TRUST

                                 Series 2001-8

                    CLASS A 4.60% ASSET BACKED CERTIFICATE

                         Expected Final Payment Date:
                        October 2006 Distribution Date

                 Each $1,000 minimum denomination represents a
                         1/845,000 undivided interest
                           in certain assets of the

                           CAPITAL ONE MASTER TRUST

Evidencing an undivided interest in a trust, the corpus of which consists
primarily of receivables generated from time to time in the ordinary course of
business in a portfolio of consumer revolving credit card accounts by

                               CAPITAL ONE BANK
                                      and
                              CAPITAL ONE, F.S.B.

and, in certain circumstances, certain Additional Sellers (as defined in the
Pooling and Servicing Agreement referred to below).

            (Not an interest in or obligation of Capital One Bank,
     Capital One, F.S.B., any Additional Seller or any affiliate thereof)

          This certifies that CEDE & CO. (the "Class A Certificateholder") is
the registered owner of a fractional undivided interest in certain assets of a
trust (the "Trust") created pursuant to

____________________________
/1/ Denominations of $1,000 and integral multiples of $1,000 in excess thereof.

                                     A-1-1
<PAGE>

the Pooling and Servicing Agreement, dated as of September 30, 1993, as amended
and restated as of April 9, 2001 (as amended and restated and as amended and
supplemented, the "Agreement"), as supplemented by the Series 2001-8 Supplement,
dated as of November 1, 2001 (as amended and supplemented, the "Series
Supplement"), among Capital One Bank, as Seller and Servicer, Capital One,
F.S.B., as Seller, and The Bank of New York, a New York banking corporation, as
trustee (the "Trustee"). The corpus of the Trust consists of (i) a portfolio of
all receivables (the "Receivables") existing in the consumer revolving credit
card accounts and other consumer revolving credit accounts identified under the
Agreement from time to time (the "Accounts"), (ii) all Receivables generated
under the Accounts from time to time thereafter, (iii) funds collected or to be
collected from accountholders in respect of the Receivables, (iv) all funds
which are from time to time on deposit in the Collection Account and in the
Series Accounts, (v) an interest in any Funds Collateral (as defined in the
Agreement) relating to secured accounts, (vi) the benefits of any Series
Enhancement and (vii) all other assets and interests constituting the Trust. The
Holder of this Class A Certificate is entitled to the benefit of any Series
Enhancement to the extent provided in the Series Supplement. Although a summary
of certain provisions of the Agreement and the Series Supplement is set forth
below and on the Summary of Terms and Conditions attached hereto and made a part
hereof, this Class A Certificate does not purport to summarize the Agreement and
the Series Supplement and reference is made to the Agreement and the Series
Supplement for information with respect to the interests, rights, benefits,
obligations, proceeds and duties evidenced hereby and the rights, duties and
obligations of the Trustee. In the event of any conflict between this Class A
Certificate and the Series Supplement or the Agreement, the Series Supplement or
the Agreement, as the case may be, shall control. A copy of the Agreement and
the Series Supplement (without schedules) may be requested from the Trustee by
writing to the Trustee at the Corporate Trust Office. To the extent not defined
herein, the capitalized terms used herein have the meanings ascribed to them in
the Agreement or the Series Supplement, as applicable.

          This Class A Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement and the Series Supplement, to which
Agreement and Series Supplement, each as amended and supplemented from time to
time, the Class A Certificateholder by virtue of the acceptance hereof assents
and is bound.

          It is the intent of the Sellers and the Investor Certificateholders
that, for federal, state and local income and franchise tax purposes only, the
Investor Certificates will qualify as indebtedness of the Sellers secured by the
Receivables.  The Class A Certificateholder, by the acceptance of this Class A
Certificate, agrees to treat this Class A Certificate for federal, state and
local income and franchise tax purposes as indebtedness of the Sellers.

          In general, payments of principal with respect to the Class A
Certificates are limited to the Class A Invested Amount, which may be less than
the unpaid principal balance of the Class A Certificates.  The Expected Final
Payment Date is the October 2006 Distribution Date, but principal with respect
to the Class A Certificates may be paid earlier or later under certain
circumstances described in the Agreement and the Series Supplement.  If for one
or more months during the Accumulation Period there are not sufficient funds to
pay the Controlled Deposit Amount, then to the extent that excess funds are not
available on subsequent Distribution Dates with respect to the Accumulation
Period to make up for such shortfalls, the final payment of principal of the
Class A Certificates will occur later than the Expected Final Payment Date.

                                     A-1-2
<PAGE>

          Unless the certificate of authentication hereon has been executed by
or on behalf of the Trustee, by manual signature, this Class A Certificate shall
not be entitled to any benefit under the Agreement or the Series Supplement or
be valid for any purpose.

                                     A-1-3
<PAGE>

          IN WITNESS WHEREOF, the Sellers have caused this Class A Certificate
to be duly executed.

                              CAPITAL ONE BANK

                              By:  __________________________
                                  Name:
                                  Title:

                              CAPITAL ONE, F.S.B.

                              By:  __________________________
                                  Name:
                                  Title:

Dated: November 1, 2001

                                     A-1-4
<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the Class A Certificates described in the within-
mentioned Agreement and Series Supplement.

                              THE BANK OF NEW YORK,
                                as Trustee

                              By:  _________________________
                                   Authorized Officer

                              or

                              By:  ________________________
                                   as Authenticating Agent
                                   for the Trustee

                              By:  _________________________
                                   Authorized Officer

                                    A-1-5
<PAGE>

                           CAPITAL ONE MASTER TRUST

                                 SERIES 2001-8

                    CLASS A 4.60% ASSET BACKED CERTIFICATE

                        Summary of Terms and Conditions

          The Receivables consist of Principal Receivables which arise generally
from the purchase of goods and services and amounts advanced to accountholders
as cash advances and Finance Charge Receivables.  This Class A Certificate is
one of a Series of Investor Certificates entitled "Capital One Master Trust,
Series 2001-8."  The Series 2001-8 Certificates are being issued in two Classes,
the first of which is known as the "Class A 4.60% Asset Backed Certificates,
Series 2001-8" (the "Class A Certificates") and the second Class is known as the
"Class B Floating Rate Asset Backed Certificates, Series 2001-8" (the "Class B
Certificates").  In addition, as part of Series 2001-8, the Trust is creating a
third Class of uncertificated interest in the Trust which uncertificated
interest, except as expressly provided in the Series Supplement, is deemed to be
an "Investor Certificate" and is known as the "Collateral Interest, Series 2001-
8" (the "Collateral Interest").  This Class A Certificate represents a
fractional undivided interest in certain assets of the Trust.  The Trust Assets
are allocated in part to the certificateholders of all outstanding Series (the
"Certificateholders' Interest") with the remainder allocated to the Sellers'
Interest.  The aggregate interest represented by the Class A Certificates at any
time in the Principal Receivables in the Trust shall not exceed an amount equal
to the Class A Invested Amount at such time.  The Class A Initial Invested
Amount is $845,000,000.  The Class A Invested Amount on any date of
determination will be an amount equal to (a) the Class A Initial Invested
Amount, minus (b) the aggregate amount of principal payments made to the Class A
        -----
Certificateholders on or prior to such date, minus (c) the excess, if any, of
                                             -----
the aggregate amount of Class A Investor Charge-Offs for all prior Distribution
Dates over the aggregate amount of Class A Investor Charge-Offs reimbursed
      ----
pursuant to subsection 4.06(a) of the Series Supplement prior to such date.
Also, Capital One Bank and Capital One, F.S.B. have received an adjustment to
the Sellers' Interest on the date hereof.

          Subject to the terms and conditions of the Agreement, the Seller may
from time to time direct the Trustee, on behalf of the Trust, to issue one or
more new Series of Investor Certificates, which will represent fractional
undivided interests in certain of the Trust Assets.

          On each Payment Date, the Paying Agent shall distribute to each Class
A Certificateholder of record on the last day of the preceding calendar month
(each, a "Record Date") such Class A Certificateholder's pro rata share of such
amounts (including amounts on deposit in the Collection Account and the
Principal Funding Account) as are payable to the Class A Certificateholders
pursuant to the Agreement and the Series Supplement.  Distributions with respect
to this Class A Certificate will be made by the Paying Agent by check mailed to
the address of the Class A Certificateholder of record appearing in the
Certificate Register without the presentation or surrender of this Class A
Certificate or the making of any notation thereon (except for the final
distribution in respect of this Class A Certificate), except that with respect
to Class A Certificates registered in the name of Cede & Co., the nominee for
The Depository Trust Company, distributions will be made in the form of
immediately available funds.  Final payment of this Class A Certificate will be
made only upon presentation and surrender of this Class A Certificate at the
office

                                     A-1-6
<PAGE>

or agency specified in the notice of final distribution delivered by the
Trustee to the Class A Certificateholders in accordance with the Agreement and
the Series Supplement.

          On any day occurring on or after the day on which the Invested Amount
is reduced to 5% or less of the Initial Invested Amount, a Seller (so long as
such Seller is the Servicer or an Affiliate thereof) has the option to
repurchase the Certificateholders' Interest in the Trust. The repurchase price
will be equal to (a) if such day is a Distribution Date, the Reassignment Amount
for such Distribution Date or (b) if such day is not a Distribution Date, the
Reassignment Amount for the Distribution Date following such day. Following the
deposit of the Reassignment Amount in the Collection Account, Class A
Certificateholders, the Class B Certificateholders and the Collateral Interest
Holder will not have any interest in the Receivables and the Class A
Certificates will represent only the right to receive such Reassignment Amount.

          This Class A Certificate does not represent an obligation of, or an
interest in, the Sellers, the Servicer or any affiliate of any of them and is
not insured or guaranteed by the Federal Deposit Insurance Corporation or any
other governmental agency or instrumentality.  This Class A Certificate is
limited in right of payment to certain Collections with respect to the
Receivables (and certain other amounts), all as more specifically set forth
herein above and in the Agreement and the Series Supplement.

          The Agreement or any Supplement may, subject to certain conditions, be
amended by the Sellers, the Servicer and the Trustee without Certificateholder
consent. The Trustee may, but shall not be obligated to, enter into any such
amendment which affects the Trustee's rights, duties or immunities under the
Agreement or otherwise.

          The Agreement or any Supplement may also be amended from time to time
by the Servicer, the Sellers and the Trustee, with the consent of the Holders of
Investor Certificates evidencing not less than 66?% of the aggregate unpaid
principal amount of the Investor Certificates of all adversely affected Series,
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Agreement or any Supplement or of
modifying in any manner the rights of the Investor Certificateholders; provided,
                                                                       --------
however, that no such amendment shall (i) reduce in any manner the amount of or
-------
delay the timing of any distributions to be made to Investor Certificateholders
or deposits of amounts to be so distributed or the amount available under any
Series Enhancement without the consent of each affected Investor
Certificateholder, (ii) change the definition of or the manner of calculating
the interest of any Investor Certificateholder without the consent of each
affected Investor Certificateholder, (iii) reduce the aforesaid percentage
required to consent to any such amendment without the consent of each Investor
Certificateholder or (iv) adversely affect the rating of any Series or Class by
each Rating Agency without the consent of the Holders of Investor Certificates
of such Series or Class evidencing not less than 66?% of the aggregate unpaid
principal amount of the Investor Certificates of such Series or Class.  The
Trustee may, but shall not be obligated to, enter into any such amendment which
affects the Trustee's rights, duties or immunities under the Agreement or
otherwise.

          The Class A Certificates are issuable only in minimum denominations of
$1,000 and integral multiples of $1,000.  The transfer of this Class A
Certificate shall be registered in the Certificate Register upon surrender of
this Class A Certificate for registration of transfer at any office or agency
maintained by the Transfer Agent and Registrar accompanied by a written

                                     A-1-7
<PAGE>

instrument of transfer, in a form satisfactory to the Trustee or the Transfer
Agent and Registrar, duly executed by the Class A Certificateholder or such
Class A Certificateholder's attorney, and duly authorized in writing with such
signature guaranteed, and thereupon one or more new Class A Certificates of
authorized denominations and for the same aggregate fractional undivided
interest will be issued to the designated transferee or transferees.

          As provided in the Agreement and subject to certain limitations
therein set forth, Class A Certificates are exchangeable for new Class A
Certificates evidencing like aggregate fractional undivided interests as
requested by the Class A Certificateholder surrendering such Class A
Certificates. No service charge may be imposed for any such exchange but the
Servicer or Transfer Agent and Registrar may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection
therewith.

          The Servicer, the Trustee, the Paying Agent and the Transfer Agent and
Registrar and any agent of any of them, may treat the person in whose name this
Class A Certificate is registered as the owner hereof for all purposes, and
neither the Servicer nor the Trustee, the Paying Agent, the Transfer Agent and
Registrar, nor any agent of any of them, shall be affected by notice to the
contrary except in certain circumstances described in the Agreement.

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

                                     A-1-8
<PAGE>

                              ASSIGNMENT

Social Security or other identifying number of assignee ________________________

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

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

Dated: _____________________ *

Signature Guaranteed:

____________________________

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

                                     A-1-9
<PAGE>

                                                                     EXHIBIT A-2

REGISTERED                                                          $77,500,000*

No. R-1                                                      CUSIP No. 14040KCE6

          THIS CLASS B CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF
PERSONS INVESTING ASSETS OF A BENEFIT PLAN OR AN INDIVIDUAL RETIREMENT ACCOUNT
OTHER THAN AN INSURANCE COMPANY GENERAL ACCOUNT.

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

                           CAPITAL ONE MASTER TRUST

                                 Series 2001-8

                CLASS B FLOATING RATE ASSET BACKED CERTIFICATE

                         Expected Final Payment Date:
                        October 2006 Distribution Date

                     Each $1,000 denomination represents a
                          1/77,500 undivided interest
                           in certain assets of the

                           CAPITAL ONE MASTER TRUST

Evidencing an undivided interest in a trust, the corpus of which consists
primarily of receivables generated from time to time in the ordinary course of
business in a portfolio of consumer revolving credit card accounts by CAPITAL
ONE BANK and CAPITAL ONE, F.S.B. and, in certain circumstances, certain
Additional Sellers (as defined in the Pooling and Servicing Agreement referred
to below).

            (Not an interest in or obligation of Capital One Bank,
     Capital One, F.S.B., any Additional Seller or any affiliate thereof)

          This certifies that CEDE & CO. (the "Class B Certificateholder") is
the registered owner of a fractional undivided interest in certain assets of a
trust (the "Trust") created pursuant to the Pooling and Servicing Agreement,
dated as of September 30, 1993, as amended and restated as

____________________
* Denominations of $1,000 and integral multiples of $1,000 in excess thereof.

                                     A-2-1
<PAGE>

of April 9, 2001 (as amended and supplemented, the "Agreement"), as supplemented
by the Series 2001-8 Supplement, dated as of November 1, 2001 (as amended and
supplemented, the "Series Supplement"), among Capital One Bank, as Seller and
Servicer, Capital One, F.S.B., as Seller, and The Bank of New York, a New York
banking corporation, as trustee (the "Trustee"). The corpus of the Trust
consists of (i) a portfolio of all receivables (the "Receivables") existing in
the consumer revolving credit card accounts and other consumer revolving credit
accounts identified under the Agreement from time to time (the "Accounts"), (ii)
all Receivables generated under the Accounts from time to time thereafter, (iii)
funds collected or to be collected from accountholders in respect of the
Receivables, (iv) all funds which are from time to time on deposit in the
Collection Account and in the Series Accounts, (v) an interest in any Funds
Collateral (as defined in the Agreement) relating to secured accounts, (vi) the
benefits of any Series Enhancement and (vii) all other assets and interests
constituting the Trust. The Holder of this Class B Certificate is entitled to
the benefit of any Series Enhancement to the extent provided in the Series
Supplement. Although a summary of certain provisions of the Agreement and the
Series Supplement is set forth below and on the Summary of Terms and Conditions
attached hereto and made a part hereof, this Class B Certificate does not
purport to summarize the Agreement and the Series Supplement and reference is
made to the Agreement and the Series Supplement for information with respect to
the interests, rights, benefits, obligations, proceeds and duties evidenced
hereby and the rights, duties and obligations of the Trustee. In the event of
any conflict between this Class B Certificate and the Series Supplement or the
Agreement, the Series Supplement or the Agreement, as the case may be, shall
control. A copy of the Agreement and the Series Supplement (without schedules)
may be requested from the Trustee by writing to the Trustee at the Corporate
Trust Office. To the extent not defined herein, the capitalized terms used
herein have the meanings ascribed to them in the Agreement or the Series
Supplement, as applicable.

          This Class B Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement and the Series Supplement, to which
Agreement and Series Supplement, each as amended and supplemented from time to
time, the Class B Certificateholder by virtue of the acceptance hereof assents
and is bound.

          It is the intent of the Sellers and the Investor Certificateholders
that, for federal, state and local income and franchise tax purposes only, the
Investor Certificates will qualify as indebtedness of the Seller secured by the
Receivables.  The Class B Certificateholder, by the acceptance of this Class B
Certificate, agrees to treat this Class B Certificate for federal, state and
local income and franchise tax purposes as indebtedness of the Sellers.

          In general, payments of principal with respect to the Class B
Certificates are limited to the Class B Invested Amount, which may be less than
the unpaid principal balance of the Class B Certificates. The Expected Final
Payment Date is the October 2006 Distribution Date, but principal with respect
to the Class B Certificates may be paid earlier or later under certain
circumstances described in the Agreement and the Series Supplement. Principal
payments with respect to the Class B Certificates will not commence until the
Class A Invested Amount is paid in full. In addition, if for one or more months
during the Accumulation Period there are not sufficient funds to pay the
Controlled Deposit Amount, then to the extent that excess funds are not
available on subsequent Distribution Dates with respect to the Accumulation
Period to make up for such shortfalls, the final payment of principal of the
Class B Certificates will occur later than the Expected Final Payment Date.

          No Class B Certificate (or any interest therein) may be acquired or
held by any employee benefit or other plan (including an individual retirement
account) that is subject to the

                                     A-2-2
<PAGE>

Employee Retirement Income Security Act of 1974, as amended, or Section 4975 of
the Internal Revenue Code of 1986, as amended (each, a "Plan"), any trustee or
other person acting on behalf of any Plan, or any other person using "Plan
Assets" to effect such acquisition or holding (each, a "Plan Investor") unless
(i) such acquirer or holder is an insurance company, (ii) the source of funds
used to acquire or hold such Certificate (or interest therein) is an "insurance
company general account" (as defined in U.S. Department of Labor Prohibited
Transaction Class Exemption ("PTCE") 95-60), and (iii) the conditions set forth
in Sections I and III of PTCE 95-60 have been satisfied. By acquiring an
interest in this Class B Certificate, each Class B Certificateholder or
Certificate Owner shall be deemed to have represented, either (i) that it is not
a Plan Investor or (ii) that (1) it is an insurance company, (2) the source of
funds used to acquire or hold an interest in such Certificate is an "insurance
company general account" (as such term is defined in PTCE 95-60), and (3) the
conditions set forth in Sections I and III of PTCE 95-60 have been satisfied.

          Unless the certificate of authentication hereon has been executed by
or on behalf of the Trustee, by manual signature, this Class B Certificate shall
not be entitled to any benefit under the Agreement or the Series Supplement or
be valid for any purpose.

                                    A-2-3
<PAGE>

          IN WITNESS WHEREOF, the Sellers have caused this Class B Certificate
to be duly executed.

                              CAPITAL ONE BANK

                              By:  __________________________
                                   Name:
                                   Title:

                              CAPITAL ONE, F.S.B.

                              By:  __________________________
                                   Name:
                                   Title:

Dated: November 1, 2001

                                     A-2-4
<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the Class B Certificates described in the within-
mentioned Agreement and Series Supplement.

                              THE BANK OF NEW YORK,
                                as Trustee

                              By:  _________________________
                                   Authorized Officer

                              or

                              By:  ________________________
                                   as Authenticating Agent
                                   for the Trustee

                              By:  ________________________
                                   Authorized Officer

                                     A-2-5
<PAGE>

                           CAPITAL ONE MASTER TRUST

                                 SERIES 2001-8

                CLASS B FLOATING RATE ASSET BACKED CERTIFICATE

                        Summary of Terms and Conditions

          The Receivables consist of Principal Receivables which arise generally
from the purchase of goods and services and amounts advanced to accountholders
as cash advances and Finance Charge Receivables. This Class B Certificate is one
of a Series of Certificates entitled "Capital One Master Trust, Series 2001-8."
The Series 2001-8 Certificates are being issued in two Classes, the first of
which is known as the "Class A 4.60% Asset Backed Certificates, Series 2001-8"
(the "Class A Certificates") and the second Class is known as the "Class B
Floating Rate Asset Backed Certificates, Series 2001-8" (the "Class B
Certificates"). In addition, as part of Series 2001-8, the Trust is creating a
third Class of uncertificated interest in the Trust which uncertificated
interest, except as expressly provided in the Series Supplement, is deemed to be
an "Investor Certificate" and is known as the "Collateral Interest, Series 2001-
8" (the "Collateral Interest"). This Class B Certificate represents a fractional
undivided interest in certain assets of the Trust. The Trust Assets are
allocated in part to the certificateholders of all outstanding Series (the
"Certificateholders' Interest") with the remainder allocated to the Sellers'
Interest. The aggregate interest represented by the Class B Certificates at any
time in the Principal Receivables in the Trust shall not exceed an amount equal
to the Class B Invested Amount at such time. The Class B Initial Invested Amount
is $77,500,000. The Class B Invested Amount on any date of determination will be
an amount equal to (a) the Class B Initial Invested Amount, minus (b) the
                                                            -----
aggregate amount of principal payments made to the Class B Certificateholders on
or prior to such date, minus (c) the aggregate amount of Class B Investor
                       -----
Charge-Offs for all prior Distribution Dates, minus (d) the aggregate amount of
                                              -----
Reallocated Principal Collections allocated on all prior Distribution Dates
pursuant to subsection 4.08(a) of the Series Supplement (excluding any
Reallocated Principal Collections that have resulted in a reduction in the
Collateral Invested Amount pursuant to subsection 4.06(c) of the Series
Supplement), minus (e) an amount equal to the amount by which the Class B
             -----
Invested Amount has been reduced on all prior Distribution Dates pursuant to
subsection 4.06(a) of the Series Supplement and plus (f) the amount of Excess
                                                ----
Spread and Excess Finance Charges allocated and available on all prior
Distribution Dates pursuant to Section 4.07(d) of the Series Supplement for the
purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c),
(d) and (e). Also, Capital One Bank and Capital One, F.S.B. have received an
adjustment to the Sellers' Interest on the date hereof.

          Subject to the terms and conditions of the Agreement, the Sellers may
from time to time direct the Trustee, on behalf of the Trust, to issue one or
more new Series of Investor Certificates, which will represent fractional
undivided interests in certain of the Trust Assets.

          On each Payment Date, the Paying Agent shall distribute to each Class
B Certificateholder of record on the last day of the preceding calendar month
(each, a "Record Date") such Class B Certificateholder's pro rata share of such
amounts (including amounts on deposit in the Collection Account and the
Principal Funding Account) as are payable to the Class B Certificateholders
pursuant to the Agreement and the Series Supplement.  Distributions with respect
to this Class B Certificate will be made by check mailed to the address of the
Class B

                                     A-2-6
<PAGE>

Certificateholder of record appearing in the Certificate Register without the
presentation or surrender of this Class B Certificate or the making of any
notation thereon (except for the final distribution in respect of this Class B
Certificate) except that with respect to Class B Certificates registered in the
name of Cede & Co., the nominee for The Depository Trust Company, distributions
will be made in the form of immediately available funds. Final payment of this
Class B Certificate will be made only upon presentation and surrender of this
Class B Certificate at the office or agency specified in the notice of final
distribution delivered by the Trustee to the Class B Certificateholders in
accordance with the Agreement and the Series Supplement.

          On any day occurring on or after the day on which the Invested Amount
is reduced to 5% or less of the Initial Invested Amount, a Seller (so long as
such Seller is the Servicer or an Affiliate thereof) has the option to
repurchase the Certificateholders' Interest in the Trust. The repurchase price
will be equal to (a) if such day is a Distribution Date, the Reassignment Amount
for such Distribution Date or (b) if such day is not a Distribution Date, the
Reassignment Amount for the Distribution Date following such day. Following the
deposit of the Reassignment Amount in the Collection Account, the Class A
Certificateholders, the Class B Certificateholders and the Collateral Interest
Holder will not have any interest in the Receivables and the Class B
Certificates will represent only the right to receive such Reassignment Amount.

          This Class B Certificate does not represent an obligation of, or an
interest in, the Sellers, the Servicer or any affiliate of any of them and is
not insured or guaranteed by the Federal Deposit Insurance Corporation or any
other governmental agency or instrumentality.  This Class B Certificate is
limited in right of payment to certain Collections with respect to the
Receivables (and certain other amounts), all as more specifically set forth
hereinabove and in the Agreement and the Series Supplement.

          The Agreement or any Supplement may, subject to certain conditions, be
amended by the Sellers, the Servicer and the Trustee without Certificateholder
consent. The Trustee may, but shall not be obligated to, enter into any such
amendment which affects the Trustee's rights, duties or immunities under the
Agreement or otherwise.

          The Agreement or any Supplement may also be amended from time to time
by the Servicer, the Sellers and the Trustee, with the consent of the Holders of
Investor Certificates evidencing not less than 66 2/3% of the aggregate unpaid
principal amount of the Investor Certificates of all adversely affected Series,
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Agreement or any Supplement or of
modifying in any manner the rights of the Investor Certificateholders; provided,
                                                                       --------
however, that no such amendment shall (i) reduce in any manner the amount of or
-------
delay the timing of any distributions to be made to Investor Certificateholders
or deposits of amounts to be so distributed or the amount available under any
Series Enhancement without the consent of each affected Investor
Certificateholder, (ii) change the definition of or the manner of calculating
the interest of any Investor Certificateholder without the consent of each
affected Investor Certificateholder, (iii) reduce the aforesaid percentage
required to consent to any such amendment without the consent of each Investor
Certificateholder or (iv) adversely affect the rating of any Series or Class by
each Rating Agency without the consent of the Holders of Investor Certificates
of such Series or Class evidencing not less than 66?% of the aggregate unpaid
principal amount of the Investor Certificates of such Series or Class.  The
Trustee may, but shall not be obligated to, enter into any such amendment which
affects the Trustee's rights, duties or immunities under the Agreement or
otherwise.

                                     A-2-7
<PAGE>

          The Class B Certificates are issuable in minimum denominations of
$1,000 and integral multiples of $1,000. The transfer of this Class B
Certificate shall be registered in the Certificate Register upon surrender of
this Class B Certificate for registration of transfer at any office or agency
maintained by the Transfer Agent and Registrar accompanied by a written
instrument of transfer, in a form satisfactory to the Trustee or the Transfer
Agent and Registrar, duly executed by the Class B Certificateholder or such
Class B Certificateholder's attorney, and duly authorized in writing with such
signature guaranteed, and thereupon one or more new Class B Certificates of
authorized denominations and for the same aggregate fractional undivided
interest will be issued to the designated transferee or transferees.

          As provided in the Agreement and subject to certain limitations
therein set forth, Class B Certificates are exchangeable for new Class B
Certificates evidencing like aggregate fractional undivided interests as
requested by the Class B Certificateholder surrendering such Class B
Certificates.  No service charge may be imposed for any such exchange but the
Servicer or Transfer Agent and Registrar may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection
therewith.

          The Servicer, the Trustee, the Paying Agent and the Transfer Agent and
Registrar and any agent of any of them, may treat the person in whose name this
Class B Certificate is registered as the owner hereof for all purposes, and
neither the Servicer nor the Trustee, the Paying Agent, the Transfer Agent and
Registrar, nor any agent of any of them, shall be affected by notice to the
contrary except in certain circumstances described in the Agreement.

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

                                     A-2-8
<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

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

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

Dated: _____________________

Signature Guaranteed:

_____________________ *

_____________________

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

                                     A-2-9
<PAGE>

                                                                       EXHIBIT C
                FORM OF MONTHLY SERVICING OFFICER'S CERTIFICATE

                               CAPITAL ONE BANK

                           CAPITAL ONE MASTER TRUST
                                 SERIES 2001-8

          The undersigned, a duly authorized representative of Capital One Bank,
as Servicer, pursuant to the Pooling and Servicing Agreement, dated as of
September 30, 1993, as amended and restated as of April 9, 2001 (as amended and
supplemented, the "Agreement"), as supplemented by the Series 2001-8 Supplement
(as amended and supplemented, the "Series Supplement"), dated as of November 1,
2001, each among Capital One Bank, Capital One, F.S.B., as a Seller, and The
Bank of New York, as Trustee, does hereby certify as follows:

          1.  Capitalized terms used in this Certificate have their respective
     meanings as set forth in the Agreement or Series Supplement, as applicable.

          2.  Capital One Bank is, as of the date hereof, the Servicer under the
     Agreement.

          3.  The undersigned is a Servicing Officer.

          4.  This Certificate relates to the Distribution Date occurring on
     ________.

          5.  As of the date hereof, to the best knowledge of the undersigned,
     the Servicer has performed in all material respects all its obligations
     under the Agreement through the Monthly Period preceding such Distribution
     Date [or, if there has been a default in the performance of any such
     obligation, set forth in detail the (i) nature of such default, (ii) the
     action taken by the Sellers and Servicer, if any, to remedy such default
     and (iii) the current status of each such default; if applicable, insert
     "None"].

          6.  As of the date hereof, to the best knowledge of the undersigned,
     no Pay Out Event occurred on or prior to such Distribution Date.

          7.  As of the date hereof, to the best knowledge of the undersigned,
     no Lien has been placed on any of the Receivables other than pursuant to
     the Agreement [or, if there is a Lien, such Lien consists of_________].
<PAGE>

          IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this ______ day of __________, 20__.

                                         CAPITAL ONE BANK,
                                            as Servicer

                                         By: _________________________
                                             Name:
                                             Title:

                                      C-2

<PAGE>

                                                                       EXHIBIT D
                                                                       ---------

                           FORM OF INVESTMENT LETTER

                                     [Date]

     Re:  Capital One Master Trust;
          Purchases of Series 2001-8 Collateral Interest
          ----------------------------------------------

Ladies and Gentlemen:

          This letter (the "Investment Letter") is delivered by the undersigned
(the "Purchaser") pursuant to Section 10.07 of the Series 2001-8 Supplement,
dated as of November 1, 2001 (the "Series Supplement") to the Pooling and
Servicing Agreement, dated as of September 30, 1993, as amended and restated as
of April 9, 2001 (as amended and supplemented, the "Agreement"), each among The
Bank of New York, as Trustee, Capital One, F.S.B., as Seller, and Capital One
Bank, as Seller and Servicer. Capitalized terms used herein without definition
shall have the meanings set forth in the Agreement. The Purchaser represents to
and agrees with the Seller as follows:

          (a)  The Purchaser has such knowledge and experience in financial and
                 business matters as to be capable of evaluating the merits and
                 risks of its investment in the Collateral Interest and is able
                 to bear the economic risk of such investment.

          (b)  The Purchaser is an "accredited investor," as defined in Rule
                 501, promulgated by the Securities and Exchange Commission (the
                 "Commission") under the Securities Act of 1933, as amended (the
                 "Securities Act"), or is a sophisticated institutional
                 investor. The Purchaser understands that the offering and sale
                 of the Collateral Interest has not been and will not be
                 registered under the Securities Act and has not and will not be
                 registered or qualified under any applicable "Blue Sky" law,
                 and that the offering and sale of the Collateral Interest has
                 not been reviewed by, passed on or submitted to any federal or
                 state agency or commission, securities exchange or other
                 regulatory body.

          (c)  The Purchaser is acquiring an interest in the Collateral Interest
                 without a view to any distribution, resale or other transfer
                 thereof except, with respect to any Collateral Interest or any
                 interest or participation therein, as contemplated in the
                 following sentence. The Purchaser will not resell or otherwise
                 transfer any interest or participation in the Collateral
                 Interest, except in accordance with Section 10.07 of the Series
                 Supplement and (i) in a transaction exempt from the
                 registration requirements of the Securities Act and applicable
                 state securities or "blue sky" laws; (ii) to a Seller or any
                 affiliate of a Seller; or (iii) to a person who the Purchaser
                 reasonably believes is a qualified institutional buyer (within
                 the meaning thereof in Rule 144A under the Securities Act) that
                 is aware that the resale or other transfer is being made in
                 reliance upon
<PAGE>

                 Rule 144A. In connection therewith, the Purchaser hereby agrees
                 that it will not resell or otherwise transfer the Collateral
                 Interest or any interest therein unless the purchaser thereof
                 provides to the addressee hereof a letter substantially in the
                 form hereof.

          (d)  No portion of the Collateral Interest or any interest therein may
                 be Transferred, and each Assignee will certify that it is not,
                 (a) an "employee benefit plan" (as defined in Section 3(3) of
                 ERISA), including governmental plans and church plans, (b) any
                 "plan" (as defined in Section 4975(e)(1) of the Code) including
                 individual retirement accounts and Keogh plans, or (c) any
                 other entity whose underlying assets include "plan assets"
                 (within the meaning of Department of Labor Regulation Section
                 2510.3-101, 29 C.F.R. (S) 2510.3-101 or otherwise under ERISA)
                 by reason of a plan's investment in the entity, including,
                 without limitation, an insurance company general account.

          (e)  This Investment Letter has been duly executed and delivered and
                 constitutes the legal, valid and binding obligation of the
                 Purchaser, enforceable against the Purchaser in accordance with
                 its terms, except as such enforceability may be limited by
                 bankruptcy, insolvency, reorganization, moratorium or similar
                 laws or equitable principles affecting the enforcement of
                 creditors' rights generally and general principles of equity.

                                                  Very truly yours,

                                                  [NAME OF PURCHASER]

                                                  By:  ________________________
                                                       Name:
                                                       Title:

AGREED TO AS OF THE DATE FIRST
ABOVE WRITTEN:

CAPITAL ONE BANK

By:  _______________________
     Name:
     Title:

CAPITAL ONE, F.S.B.

By:  _______________________
     Name:
     Title:

                                      D-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]