Document:

Exhibit 10.30

HUNTSMAN (EUROPE)
BVBA

To
the addressees

set forth on Exhibit A hereto

As of November 28, 2006

Re: Huntsman Master Trust Securitization – Withdrawal
of Originator

Ladies and Gentlemen:

Reference is made to that certain Second Amended and
Restated Pooling Agreement, dated as of April 18, 2006 (as amended from
time to the time, the “Pooling Agreement”), among Huntsman Receivables
Finance LLC (the “Company”), Huntsman (Europe) BVBA (the “Master
Servicer”) and J.P. Morgan Bank (Ireland) plc (the “Trustee”),
as supplemented by that certain Amended and Restated Series 2000-1 Supplement,
dated as of April 18, 2006 (as amended from time to the time, the “VFC
Supplement”), among the Company, the Master Servicer, the Trustee and the
other parties set forth therein.

Capitalized terms used but not defined herein shall
have the meanings ascribed thereto in the Pooling Agreement and the VFC
Supplement.

a.             Notice
of Withdrawal of Originator under Pooling Agreement

Pursuant to Section 2.10(a)(iv) of the Pooling
Agreement, the Master Servicer hereby notifies the Company, the Trustee and
each Funding Agent of the intended withdrawal of Huntsman Petrochemicals (UK)
Limited (the “Exiting Originator”) as an Originator as of
November 28, 2006 (the “Release Date”).

Attached as Exhibit B is a certificate of
a Responsible Officer of the Master Servicer attaching a Daily Report as of the
Business Day immediately preceding the Release Date and a pro forma
Daily Report as of the Release Date and giving effect to the withdrawal of the Exiting
Originator and certifying that the Aggregate Target Receivables Amount will be
equal to or less than the Aggregate Allocated Receivables Amount after giving
effect to such withdrawal.

The Master Servicer hereby also confirms that (i) the
withdrawal of the Exiting Originator will be in accordance with the applicable
Origination Agreement and (ii) no Program Termination Event or Potential
Termination Event has occurred or will occur as a result thereof.

b.             Request
by Funding Agents for Trustee to Release Participation and Security Interest

In light of the intended withdrawal of the Exiting
Originator as an Originator, the Funding Agents desire that the receivables
relating to the Exiting Originator be removed from the program. Accordingly,
each Funding Agent hereby requests that the Trustee release the Participation
and the related security interest with respect to the Receivables previously
sold by the Exiting Originator pursuant to the relevant Origination Agreement
as set forth on Exhibit C (the “Released Receivables”)
against payment by the Company to the Trust of amounts equal to EUR 71,170,083.94
(the “Payoff Amount”).

 

c.             Capital
Contribution by the Contributor to the Company

The Contributor hereby agrees with the Company to
contribute, on or before the Release Date, an amount equal to the Payoff Amount
as a capital contribution to the Company.

d.             Payment
of Payoff Amount by the Company to the Trustee

On the Release Date, the Company hereby agrees that is
shall pay, in immediately available funds, an amount equal to the Payoff Amount
to the Trustee for deposit in the account set forth on Exhibit D
for application by the Trustee in accordance with the priority of payments set
forth in the Pooling Agreement and the VFC Supplement, such that the
Payoff Amount will be remitted to the Company, as the Holder of the
Series 2000-1 Subordinated Interest, pursuant to Section 2.02(b) of
the VFC Supplement. By countersigning this letter, the Funding Agents, on
behalf of the Series 2000-1 VFC Certificateholders, acknowledge and
agree to such payment by the Trustee to the Company.

e.             Release
of Participation and Security Interest

By countersigning this letter, the undersigned
acknowledge and agree that, as of the Release Date, (i) the Participation and
the security interest granted by the Company to the Trustee with respect to the
Released Receivables shall be terminated and be of no further force and effect,
(ii) any and all right, title and interest of the Trustee in, under or to
the Released Receivables and the other Participation Assets related thereto
(including, without limitation, the Collection Accounts set forth on Exhibit E,
which are subaccounts to an account established in the name of the Company (the
“Released Subaccounts”)) shall be released and (iii) the
Trustee shall execute and deliver any documents necessary or appropriate to
effect such release.

f.              Distribution
of Released Receivables

The Company hereby agrees to distribute, as of the
Release Date, the Released Receivables as a distribution in kind to the
Contributor.

g.             Sale
of Receivables by the Contributor to the Exiting Originator

The Contributor hereby agrees, effective as of the
Release Date, to sell, assign and convey the Released Receivables to the
Exiting Originator against payment by the Exiting Originator of a purchase
price in an amount equal to the Payoff Amount.

h.             Distribution
of Payoff Amount by the Company to the Contributor

Upon receipt of the Payoff Amount from the Trustee by
the Company, as the holder of the Series 2000-1 Subordinated Interest, the
Company hereby agrees to immediately distribute an amount equal to the Payoff
Amount to the Contributor.

i.              Assumption
of Obligations

Pursuant to Section 2.10(d) of the Pooling
Agreement, by countersigning this letter, as of the Release Date, the Servicer
Guarantor agrees to assume all obligations, if any, with respect to the
Released Receivables.

 

By countersigning this letter, the undersigned
acknowledge and agree that the Exiting Originator, as of the Release Date, shall
not have any obligations vis-à-vis the undersigned with respect to the Released
Receivables.

j.              Termination
of Collection Account Agreements

By countersigning this notice, the undersigned
acknowledge and agree that, as of the Release Date, the Collection Account
Agreements relating to the Released Subaccounts shall be terminated and the
Trustee shall cooperate with the Company to effect such termination as of the
Release Date.

k.             Notice
of Termination of Originator under Origination Agreement

Pursuant to Section 8.5 of the Second Amended and
Restated UK Receivables Purchase Agreement, dated as of April 18, 2006,
among the Contributor, the Exiting Originator and the other originators sets
forth therein, the Exiting Originator is hereby notified of its termination as
an Originator, effective as of the Release Date. By countersigning this letter,
the undersigned hereby acknowledge and agree that, as of the Release Date, the Exiting
Originator shall be removed as a party to the related Origination Agreement and
shall have no further obligations or liabilities thereunder.

1.             Instruction
to Trustee

By countersigning this letter, the undersigned (other
than the Trustee) hereby instruct the Trustee to accept this letter and the
undertakings of the Trustee set forth herein.

m.            Funding
Agents

By countersigning this letter, each of the undersigned
Funding Agents hereby confirms that it is authorized to act on behalf of all
members of its related VFC Purchaser Group with respect to the agreements
and undertakings set forth herein. Each Funding Agents hereby also confirms
that it has given or caused to be given any required notifications to the
applicable rating agencies.

n.             Governing
Law.

The agreements and undertakings set forth herein shall
be governed by the internal laws of the State of New York.

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  Very truly yours,

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HUNTSMAN (EUROPE) BVBA

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Natasja Degrieck & Francis De Canniere

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Natasja Degrieck & Francis De Canniere

  	
   

  	
   

  
	
  Title

  	
   

  	
  Managers

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ACKNOWLEDGED AND AGREED:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HUNTSMAN RECEIVABLES FINANCE LLC,

  	
   

  	
   

  
	
  as Company

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Peter Vanderpoorten & Stefan Meeus

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Peter Vanderpoorten & Stefan Meeus

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Directors

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  J.P. MORGAN BANK (IRELAND) PLC,

  	
   

  	
   

  
	
  not in its individual capacity but solely as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Taria Silorn

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Taria Silorn

  	
   

  	
   

  
	
  Title

  	
   

  	
  Vice President

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JPMORGAN CHASE BANK, N.A.,

  	
   

  	
   

  
	
  as Funding Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Stephanie Wolf

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Stephanie Wolf

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Managing Director

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WACHOVIA CAPITAL MARKETS, LLC,

  	
   

  	
   

  
	
  as Funding Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Eero H. Maki

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Eero H. Maki

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Director

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HUNTSMAN INTERNATIONAL LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Paul Hulme

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Paul Hulme

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Executive Vice PresidentExhibit 4.39

[Form of Security]

This Capital Security is a Global Security within the meaning of the
Declaration hereinafter referred to and is registered in the name of The
Depository Trust Company, a New York corporation (the “Depositary”), or a
nominee of the Depositary.  This Capital
Security is exchangeable for Capital Securities registered in the name of a
person other than the Depositary or its nominee only in the limited
circumstances described in the Declaration and no transfer of this Capital Security
(other than a transfer of this Capital Security as a whole by the Depositary to
a nominee of the Depositary or by a nominee of the Depository to the Depositary
or another nominee of the Depositary) may be registered except in limited
circumstances.

Unless this Capital Security Certificate is presented by an authorized
representative of the Depositary to Countrywide Capital III or its agent for
registration of transfer, exchange or payment, and any Capital Security
Certificate issued is registered in the name of Cede & Co. or such other
name as registered by an authorized representative of the Depositary (and any
payment hereon is made to Cede & Co. or to such other entity as is
requested by an authorized representative to the Depositary), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
since the registered owner hereof, Cede & Co., has an interest herein.

	
  CERTIFICATE NO. 1

  	
   

  	
  NUMBER OF CAPITAL

  
	
  SECURITIES:

  	
   

  	
   

  
	
  CUSIP NO.                  
  

  	
   

  	
  $               LIQUIDATION
  AMOUNT

  

CERTIFICATE
EVIDENCING CAPITAL SECURITIES

OF

COUNTRYWIDE CAPITAL III

8.05% SUBORDINATED CAPITAL INCOME SECURITIES, SERIES A

(LIQUIDATION AMOUNT $1,000 PER SECURITY)

Countrywide Capital III, a statutory business trust formed under the
laws of the State of Delaware (the “Trust”), hereby certifies that Cede &
Co. (the “Holder”) is the registered owner of
             securities
of the Trust representing undivided beneficial ownership interests in the
assets of the Trust designated the 8.05% Subordinated Capital Income
Securities, Series A (liquidation amount $1,000 per Security) (the “Capital
Securities”).  The Capital Securities are
transferable on the register of the Trust, in person or by a duly authorized
attorney, upon surrender of this certificate duly endorsed and in proper form
for transfer as provided in the Declaration (as defined below).  The designation, rights, privileges,
restrictions, preferences and other terms and provisions of the Capital
Securities represented hereby are issued and shall in all respects be subject
to the provisions of the Amended and Restated Declaration of Trust of the
Trust, dated as of June 4, 1997 (as the same may be amended from time to time
(the “Declaration”), among Countrywide Credit Industries, Inc., a Delaware
corporation, as Sponsor (the “Sponsor”) Eric P. Sieracki, Sandor E. Samuels and
Thomas Keith McLaughlin, as Regular Trustees, The Bank of New York, a New York
banking corporation, as Property Trustee, and The Bank of New York (Delaware),
a Delaware corporation, as Delaware Trustee, the terms of which are
incorporated by reference herein. 
Capitalized terms used herein but not defined shall have the meaning
given to them in the Declaration.  The
Holder is entitled to the benefits of the Trust Guarantee to the extent
described therein.  The Sponsor will
provide a copy of the Declaration, the Trust

Guarantee
and the Indenture to a Holder without charge upon written request to the
Sponsor at its principal place of business.

Upon receipt of this certificate, the Holder is bound by the
Declaration and is entitled to the benefits thereunder.

By acceptance, the Holder agrees to treat, for United States federal
income tax purposes, the Debentures as indebtedness and the Capital Securities
as evidence of undivided indirect beneficial ownership interests in the
Debentures and the Debt Guarantee.

Capital Securities may not be acquired by any Person who is, or who in
acquiring such Capital Securities is using the assets of, an ERISA Plan unless
Capital Securities are acquired pursuant to and in accordance with an
applicable exemption, including but not limited to:  (i) Prohibited Transaction Class Exemption
90-1 (“PTE 90-1”),  regarding investments
by insurance company pooled separate accounts, (ii) Prohibited Transaction
Class Exemption 91-38 (“PTE 91-38”), regarding investments by bank collective
investment funds, (iii) Prohibited Transaction Class Exemption 84-14 (“PTE
84-14”), regarding transactions effected by qualified professional asset
managers, (iv) Prohibited Transaction Class Exemption 96-23 (“PTE 96-23”)
regarding transactions effected by in-house asset managers, or (v) Prohibited
Transaction Class Exemption 95-60 (“PTE 95-60”), regarding investments by
insurance company general accounts.  The
acceptance of this Certificate by any Person who is, or who in acquiring this
Certificate is using the assets of, an ERISA Plan shall deemed to constitute a
representation by such Person to the Trust that (i) such Person is eligible for
exemptive relief available pursuant to an applicable exemption, including but
not limited to, PTE 90-1, PTE 91-38, PTE 84-14, PTE 96-23 or PTE 95-60 with
respect to the acquisition and holding of the Capital Securities represented by
this Certificate, and (ii) none of Countrywide Home Loans Inc., Countrywide
Credit Industries, Inc., Countrywide Financial Services, Inc. or Countrywide
Securities Corporation is a “fiduciary”, within the meaning of Section 3(21) of
ERISA and the regulations thereunder, with respect to such Person’s interest in
the Capital Securities or the Debentures.

IN WITNESS WHEREOF, the Trust has executed this certificate this day of
                             

	
  

  	
  COUNTRYWIDE CAPITAL III

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title: Regular Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  This
  is one of the Capital Securities referred to in the within-mentioned
  Declaration.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
  THE BANK OF NEW YORK

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Dated:

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title: 

  	
   

  

 

In connection with any transfer of this Capital Security occurring
prior to the date which is the earlier of (i) the date of the declaration by
the Commission of the effectiveness of a registration statement under the
Securities Act covering resales of this Capital Security (which effectiveness
shall not have been suspended or terminated at the date of the transfer) and
(ii) two years after the later of the date of original issue and the last date
on which the Sponsor or any affiliate of the Sponsor was the owner of such
Capital Securities (or any predecessor thereto) (the “Resale Restriction
Termination Date”), the undersigned confirms that it has not utilized any
general solicitation or general advertising in connection with the transfer:

[CHECK ONE]

	
  (1)

  	
  o

  	
  to Countrywide Home
  Loans, Inc. or a subsidiary thereof; or

  
	
  (2)

  	
  o

  	
  pursuant to and in
  compliance with Rule 144A under the Securities Act of 1933, as amended; or

  
	
  (3)

  	
  o

  	
  outside the United
  States to a “foreign person” in compliance with the Rule 904 of Regulation S
  under the securities Act of 1933, as amended; or

  
	
  (4)

  	
  o

  	
  pursuant to the
  exemption from registration provided by Rule 144 under the Securities Act of
  1933, as amended; or

  
	
  (5)

  	
  o

  	
  pursuant to an
  effective registration statement under the Securities Act of 1933, as
  amended; or

  
	
  (6)

  	
  o

  	
  pursuant to another
  available exemption from the registration requirements of the Securities Act
  of 1933, as amended.

  

 

Unless one of the boxes is checked, the Trustees will refuse to
register any of the Securities evidenced by this certificate in the name of any
Person other than the registered Holder thereof; provided, however, that if box
(3), (4) or (6) is checked, the Sponsor or the Trustees may require, prior to
registering any such transfer of the Capital Securities, in its sole
discretion, such written legal opinions, certifications (including an
investment letter in the case of box (3)) and other information as the Trustees
or the Sponsor has reasonably requested to confirm that such transfer is being
made pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933, as amended.

If none of the foregoing boxes is checked, the Trustees or Registrar
shall not be obligated to register this Capital Security in the name of any
Person other than the Holder hereof unless and until the conditions to any such
transfer of registration set forth herein and in Section 2.8 of the Indenture
shall have been satisfied.

	
  Dated:

  	
   

  	
  Signed:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (Sign exactly as name appears on the

  	
   

  
	
   

  	
   

  	
  other side of this Capital Security)

  	
   

  

 

Signature Guarantee:

Note:      Signature must be
guaranteed by an “eligible guarantor institution” meeting the requirements of
the Security Registrar, which requirements include membership or participation
in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the Security Registrar in addition
to, 

or
in substitution for, STAMP, all in accordance with the Securities Exchange Act
of 1934, as amended.

TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED

The undersigned represents and warrants that it is
purchasing this Capital Security for its own account or an account with respect
to which it exercises sole investment discretion and that it and any such
account is a “qualified institutional buyer” within the meaning of Rule 144A
under the Securities Act and is aware that the sale to it is being made in
reliance on Rule 144A and acknowledges that it has received such information
regarding the Sponsor as the undersigned has requested pursuant to the Rule
144A or has determined not to request such information and that it is aware
that the transferor is relying upon the undersigned’s foregoing representations
in order to claim the exemption from registration provided by Rule 144A.

Dated:

 

	
  

  	
   

  	
  NOTICE:  To be
  executed by an

  	
   

  	
   

  
	
   

  	
   

  	
  executive officer

  	
   

  	
   

  

TO
BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED

The undersigned represents and warrants that it is
purchasing this Capital Security outside the United States as a “foreign person”
in compliance with Rule 904 of Regulation S under the Securities Act and is
aware that the sale to it is being made in reliance on Regulation S.

Dated:

 

	
  

  	
   

  	
  NOTICE:  To be
  executed by an

  	
   

  	
   

  
	
   

  	
   

  	
  executive officer

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