Document:

<PAGE>

                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

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                              AMENDED AND RESTATED
                                TRUST AGREEMENT

                                    between

                        BAY VIEW WAREHOUSE CORPORATION,
                                  as Depositor

                                      and

                           WILMINGTON TRUST COMPANY,
                                as Owner Trustee

                           Dated as of June 20, 2005

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

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
SECTION                                                   HEADING                                              PAGE
<S>                       <C>                                                                                  <C>
ARTICLE I                 Definitions......................................................................     1

         Section 1.1      Capitalized Terms................................................................     1
         Section 1.2      Other Definitional Provisions....................................................     3

ARTICLE II                Organization.....................................................................     4

         Section 2.1      Name.............................................................................     4
         Section 2.2      Office...........................................................................     4
         Section 2.3      Purposes and Powers..............................................................     4
         Section 2.4      Appointment of Owner Trustee.....................................................     7
         Section 2.5      Initial Capital Contribution of Issuer Trust Estate..............................     7
         Section 2.6      Declaration of Trust.............................................................     7
         Section 2.7      Title to Issuer Trust Estate.....................................................     8
         Section 2.8      Situs of Trust...................................................................     8
         Section 2.9      Representations and Warranties of the Depositor..................................     8
         Section 2.10     Covenants of the Certificateholder...............................................     9
         Section 2.11     Federal Income Tax Treatment of the Trust........................................    10

ARTICLE III               Certificate and Transfer of Interest.............................................    10

         Section 3.1      Initial Ownership................................................................    10
         Section 3.2      The Certificate..................................................................    10
         Section 3.3      Authentication of Certificate....................................................    10
         Section 3.4      Registration of Transfer and Exchange of Certificate.............................    11
         Section 3.5      Mutilated, Destroyed, Lost or Stolen Certificates................................    12
         Section 3.6      Persons Deemed Certificateholders................................................    12
         Section 3.7      Maintenance of Office or Agency..................................................    12
         Section 3.8      Disposition in Whole But Not in Part.............................................    12
         Section 3.9      ERISA Restrictions...............................................................    13

ARTICLE IV                Voting Rights and Other Actions..................................................    13

         Section 4.1      Prior Notice to Holder with Respect to Certain Matters...........................    13
         Section 4.2      Action by Certificateholder and Indenture Trustee with Respect to
                          Certain Matters..................................................................    14
         Section 4.3      Restrictions on Certificateholder's Power........................................    14
         Section 4.4      Rights of Majority Holders.......................................................    15

ARTICLE V                 Authority and Duties of Owner Trustee............................................    15

         Section 5.1      General Authority................................................................    15
         Section 5.2      General Duties...................................................................    16
         Section 5.3      Action upon Instruction..........................................................    16
</TABLE>

                                       -i-

<PAGE>

<TABLE>
<S>                       <C>                                                                                  <C>
         Section 5.4      No Duties Except as Specified in this Agreement or in Instructions...............    17
         Section 5.5      No Action Except under Specified Documents or Instructions.......................    18
         Section 5.6      Restrictions.....................................................................    18

ARTICLE VI                Concerning the Owner Trustee.....................................................    19

         Section 6.1      Acceptance of Trusts and Duties..................................................    19
         Section 6.2      Furnishing of Documents..........................................................    21
         Section 6.3      Representations and Warranties...................................................    21
         Section 6.4      Reliance; Advice of Counsel......................................................    22
         Section 6.5      Not Acting in Individual Capacity................................................    22
         Section 6.6      Owner Trustee Not Liable for Notes or Receivables................................    22
         Section 6.7      Owner Trustee May Own Notes......................................................    23
         Section 6.8      Licenses.........................................................................    23

ARTICLE VII               Compensation of Owner Trustee....................................................    23

         Section 7.1      Owner Trustee's Fees and Expenses................................................    23
         Section 7.2      Indemnification..................................................................    23
         Section 7.3      Payments to the Owner Trustee....................................................    24
         Section 7.4      Non-recourse Obligations.........................................................    24

ARTICLE VIII              Termination of Trust Agreement...................................................    24

         Section 8.1      Termination of Trust Agreement...................................................    24

ARTICLE IX                Successor Owner Trustees and Additional Owner Trustees...........................    25

         Section 9.1      Eligibility Requirements for Owner Trustee.......................................    25
         Section 9.2      Resignation or Removal of Owner Trustee..........................................    26
         Section 9.3      Successor Owner Trustee..........................................................    26
         Section 9.4      Merger or Consolidation of Owner Trustee.........................................    27
         Section 9.5      Appointment of Co-Trustee or Separate Trustee....................................    27

ARTICLE X                 Miscellaneous....................................................................    28

         Section 10.1     Supplements and Amendments.......................................................    28
         Section 10.2     No Legal Title to Issuer Trust Estate in Certificateholder.......................    29
         Section 10.3     Limitations on Rights of Others..................................................    30
         Section 10.4     Notices..........................................................................    30
         Section 10.5     Severability.....................................................................    30
         Section 10.6     Separate Counterparts............................................................    30
         Section 10.7     Assignments......................................................................    30
         Section 10.8     No Recourse......................................................................    30
         Section 10.9     Headings.........................................................................    31
         Section 10.10    GOVERNING LAW....................................................................    31
         Section 10.11    Servicer.........................................................................    31
         Section 10.12    No Petition......................................................................    31
</TABLE>

                                      -ii-

<PAGE>

                                    EXHIBITS

EXHIBIT A  FORM OF CERTIFICATE
EXHIBIT B  FORM OF CERTIFICATE OF TRUST

                                     -iii-

<PAGE>

                      AMENDED AND RESTATED TRUST AGREEMENT

      This Amended and Restated TRUST AGREEMENT, dated as of June 20, 2005, is
by and between BAY VIEW WAREHOUSE CORPORATION, a Delaware corporation, as
depositor (the "Depositor"), and Wilmington Trust Company, a Delaware banking
corporation (together with its successors and assigns, the "Trust Company"), as
owner trustee (in such capacity, the "Owner Trustee").

                                   WITNESSETH:

      WHEREAS, the Depositor and the Owner Trustee are parties to that certain
Trust Agreement of Bay View 2005 Warehouse Trust, dated as of June 20, 2005 (the
"Trust Agreement");

      WHEREAS, the Depositor and the Owner Trustee desire to accomplish the
matters set forth herein and amend and restate the Trust Agreement as set forth
herein;

      In consideration of the mutual agreements and covenants herein contained,
the Depositor and the Owner Trustee hereby agree for the benefit of each of them
and the Holders of the Certificates as follows:

                                    ARTICLE I

                                   DEFINITIONS

      Section 1.1 Capitalized Terms. For all purposes of this Agreement, the
following terms shall have the meanings set forth below:

      "Agreement" shall mean the Trust Agreement as amended by this Amended and
Restated Trust Agreement, as the same may be further amended and supplemented
from time to time.

      "Bankruptcy Code" shall mean Title 11 of the United States Code and any
successor statute thereto, in either case, as now or hereafter in effect.

      "Bay View Acceptance" shall mean Bay View Acceptance Corporation, a Nevada
corporation.

      "Certificate" shall mean a trust certificate evidencing the beneficial
interest of a Certificateholder in the Trust, substantially in the form of
Exhibit A attached hereto.

      "Certificateholder" or "Holder" shall mean the Person in whose name a
Certificate is registered on the Certificate Register.

      "Certificate of Trust" shall mean the Certificate of Trust substantially
in the form of Exhibit B previously filed for the Trust pursuant to Section
3810(a) of the Statutory Trust Statute.

                                        1

<PAGE>

      "Certificate Register" and "Certificate Registrar" shall mean the register
mentioned and the registrar appointed pursuant to Section 3.4.

      "Code" shall mean the Internal Revenue Code of 1986, as amended from time
to time, and the Treasury Regulations promulgated thereunder.

      "Corporate Trust Office" shall mean, with respect to the Owner Trustee,
the principal corporate trust office of the Owner Trustee located at One Rodney
Square North, 1100 Market Street, Wilmington, Delaware 19890-0001, Attention:
Corporate Trust Office; or at such other address in the State of Delaware as the
Owner Trustee may designate by notice to the Certificateholder and the
Depositor, or the principal corporate trust office of any successor Owner
Trustee (the address (which shall be in the State of Delaware) of which the
successor owner trustee will notify the Certificateholder and the Depositor).

      "Depositor" shall mean the Depositor in its capacity as depositor
hereunder.

      "ERISA" shall have the meaning assigned to such term in Section 3.9.

      "Expenses" shall have the meaning assigned to such term in Section 7.2.

      "Indemnified Parties" shall have the meaning assigned to such term in
Section 7.2.

      "Indenture" shall mean the Indenture, dated as of the date hereof, among
the Trust, as issuer, and JPMorgan, as indenture trustee, as the same may be
amended and supplemented from time to time.

      "Indenture Trustee" shall mean JPMorgan, until a successor Person shall
have become the Indenture Trustee pursuant to the applicable provisions of the
Indenture, and thereafter "Indenture Trustee" means such successor Person.

      "Instructing Party" shall have the meaning assigned to such term in
Section 5.3.

      "Issuer Trust Estate" shall mean all right, title and interest of the
Trust in and to the property and rights assigned to the Trust pursuant to
Article II of the Sale and Servicing Agreement, all funds on deposit from time
to time in the trust accounts and all other property of the Trust from time to
time, including any rights of the Owner Trustee and the Trust pursuant to the
Sale and Servicing Agreement.

      "JPMorgan" shall mean JPMorgan Chase Bank, N.A., and its successors and
assigns.

      "Owner Trustee" shall mean the Trust Company, not in its individual
capacity but solely as owner trustee under this Agreement, and any successor
Owner Trustee hereunder.

      "Responsible Officer" shall mean, with respect to the Owner Trustee, any
officer within the Corporate Trust Office of the Owner Trustee with direct
responsibility for the administration of the Trust and also, with respect to a
particular matter, any other officer to whom such matter is referred because of
such officer's knowledge of and familiarity with the particular subject.

                                        2

<PAGE>

      "Sale and Servicing Agreement" shall mean the Sale and Servicing
Agreement, dated as of the date hereof, among the Trust, as issuer, the
Depositor, Bay View Acceptance, as servicer and as contributor, Systems &
Services Technologies, Inc., as backup servicer, and the Indenture Trustee, as
the same may be amended and supplemented from time to time.

      "Secretary of State" shall mean the Secretary of State of the State of
Delaware.

      "Statutory Trust Statute" shall mean Chapter 38 of Title 12 of the
Delaware Code, 12 Del. Code Section 3801 et seq. as the same may be amended from
time to time.

      "Transaction Documents" shall have the meaning assigned to such term in
the Indenture.

      "Treasury Regulations" shall mean regulations, including proposed or
temporary regulations, promulgated under the Code. References herein to specific
provisions of proposed or temporary regulations shall include analogous
provisions of final Treasury Regulations or other successor Treasury
Regulations.

      "Trust" shall mean Bay View 2005 Warehouse Trust.

      "Trust Company" shall mean Wilmington Trust Company, a Delaware banking
corporation, and its successors and assigns.

      Section 1.2 Other Definitional Provisions. (a) Capitalized terms used
herein and not otherwise defined have the meanings assigned to them in the
Indenture or, if not defined therein, in the Transaction Documents.

      (b) All terms defined in this Agreement shall have the defined meanings
when used in any certificate or other document made or delivered pursuant hereto
unless otherwise defined therein.

      (c) As used in this Agreement and in any certificate or other document
made or delivered pursuant hereto or thereto, accounting terms not defined in
this Agreement or in any such certificate or other document, and accounting
terms partly defined in this Agreement or in any such certificate or other
document to the extent not defined, shall have the respective meanings given to
them under generally accepted accounting principles as in effect on the date of
this Agreement or any such certificate or other document, as applicable. To the
extent that the definitions of accounting terms in this Agreement or in any such
certificate or other document are inconsistent with the meanings of such terms
under generally accepted accounting principles, the definitions contained in
this Agreement or in any such certificate or other document shall control.

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

                                        3

<PAGE>

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

                                   ARTICLE II

                                  ORGANIZATION

      Section 2.1 Name. Pursuant to the Trust Agreement, there is formed a trust
known as "Bay View 2005 Warehouse Trust" (the "Trust"), in which name the Owner
Trustee shall have power and authority, and, pursuant to this Agreement, is
hereby authorized and empowered, to conduct the business of the Trust, make and
execute contracts and other instruments on behalf of the Trust and sue and be
sued.

      Section 2.2 Office. The office of the Trust shall be in care of the Owner
Trustee at the Corporate Trust Office or at such other address as the Owner
Trustee may designate by written notice to the Certificateholder.

      Section 2.3 Purposes and Powers. (a) The purpose of the Trust is, and the
Trust shall have the power and authority, and is hereby authorized and
empowered, without the need for further action on the part of the Trust, and the
Owner Trustee shall have power and authority, and is hereby authorized and
empowered, in the name and on behalf of the Trust, to do or cause to be done all
acts and things as may be necessary, appropriate, or convenient to cause the
Trust to engage in the following activities:

            (i) to issue the Notes (the "Notes") pursuant to the Indenture and
      the Certificate pursuant to this Agreement, and to sell such Notes;

            (ii) with the proceeds of the sale of the Notes, to fund the
      Collection Account and the Spread Account, to pay the organizational,
      start-up and transactional expenses of the Trust, to purchase the
      Receivables to be included in the Issuer Trust Estate and to pay the
      amounts due to the Depositor pursuant to the Sale and Servicing Agreement;

            (iii) to assign, grant, transfer, pledge, mortgage and convey the
      Issuer Trust Estate to the Indenture Trustee pursuant to the Indenture for
      the benefit of the Noteholders, the Agent and the Financial Institutions
      and to hold, manage and distribute to the Certificateholder pursuant to
      the terms of the Indenture any portion of the Issuer Trust Estate released
      from the Lien of, and remitted to the Trust pursuant to, the Indenture, if
      any;

            (iv) to enter into, execute, deliver and perform its obligations
      under the Transaction Documents to which it is a party and to consummate
      the transactions contemplated by such Transaction Documents to be
      consummated by it;

            (v) to engage in those activities, including entering into
      agreements, that are necessary, suitable or convenient to accomplish the
      foregoing or are incidental thereto or connected therewith;

                                        4

<PAGE>

            (vi) to issue the Certificate pursuant to this Agreement; and

            (vii) subject to compliance with the Transaction Documents, to
      engage in such other activities as may be required in connection with
      conservation of the Issuer Trust Estate and the making of distributions to
      the Certificateholder and the Noteholders.

      The Trust is hereby authorized to engage in the foregoing activities. The
Trust shall not engage in any activity other than in connection with the
foregoing or other than as required or authorized by the terms of this Agreement
or the Transaction Documents.

      (b) The Trust's only assets shall be the Issuer Trust Estate. Other than
in connection with the Notes or as otherwise contemplated in the Transaction
Documents, the Trust shall not secure any indebtedness with any of the Issuer
Trust Estate.

      (c) Other than with respect to the transfer to the Trust of the Issuer
Trust Estate or its obligations under the Transaction Documents, the Trust will
acquire no obligations of, shall not make loans or advances to, will not borrow
funds from, shall not assume or guarantee the obligations or liabilities of,
shall not have its obligations or liabilities guaranteed by, and shall not hold
itself out as responsible for the debts and obligations of the Owner Trustee,
the Certificateholder, the Contributor, the Depositor, the Indenture Trustee or
any other Person or entity.

      (d) The Trust shall not manage, control, use, sell, dispose of or
otherwise deal with any part of the Issuer Trust Estate except in accordance
with the specific limitations set forth in this Agreement and the other
Transaction Documents to which the Trust is a party.

      (e) Other than for federal income tax purposes, the Trust shall, in all
dealings with the public, identify itself under the name of the Trust and as a
separate and distinct entity from any other Person or entity. All transactions
and agreements between the Trust and third parties shall be conducted in the
name of the Trust as an entity separate and independent from the Owner Trustee,
the Indenture Trustee, the Contributor, the Depositor and the Certificateholder.

      (f) Other than for federal income tax purposes, all transactions and
agreements between the Trust on the one hand, and any of the Owner Trustee, the
Trust Company, the Indenture Trustee, the Depositor, the Contributor and the
Certificateholder on the other hand, shall reflect the separate legal existence
of each entity and will be formally documented in writing. The pricing and other
material terms of all such transactions and agreements shall be on terms
substantially similar to those that would be available on an arm's-length basis
with unaffiliated third parties.

      (g) The Trust shall not commingle its funds and other assets with those of
any other Person or business entity and shall maintain its assets and
liabilities in such a manner that it shall not be costly or difficult to
segregate, ascertain or identify its individual assets and liabilities from
those of any other Person or entity. The Owner Trustee or the Indenture Trustee,
as contemplated by the Transaction Documents, shall hold the Issuer Trust Estate
on behalf of the Trust.

                                        5

<PAGE>

      (h) The Trust shall pay its liabilities and losses as they become due from
the Issuer Trust Estate; provided, however, that, except as provided in the
Transaction Documents, none of the Issuer Trust Estate shall be used to pay the
liabilities (including liability in respect of guaranties) and losses of the
Owner Trustee, the Depositor, the Contributor, the Indenture Trustee or the
Certificateholder. The Trust has been structured to maintain capital in an
amount reasonably sufficient to meet the anticipated needs of the Trust.

      (i) The Trust shall not share any of the same officers or other employees
with the Servicer, the Depositor, the Contributor, the Indenture Trustee or the
Certificateholder; provided, however, that the Owner Trustee may act in such
capacity on behalf of the Trust and the Certificateholder and the Servicer may
act as administrator on behalf of the Trust and the Certificateholder.

      (j) The Trust shall not, jointly with the Servicer, the Depositor, the
Contributor, the Indenture Trustee or the Certificateholder contract or do
business with vendors or service providers or share overhead expenses; provided,
however, that the Owner Trustee may act in such capacity on behalf of the Trust
and the Certificateholder and the Servicer may act as administrator on behalf of
the Trust and the Certificateholder.

      (k) The Trust shall maintain any bank accounts, books and records and
annual financial statements prepared in accordance with generally accepted
accounting principles, separate from those of the Owner Trustee, the Trust
Company, the Indenture Trustee, the Depositor, the Contributor and the
Certificateholder. The foregoing will reflect that the assets and liabilities of
and all transactions and transfers of funds involving the Trust shall be
separate from those of each such other entity, and the Trust shall pay or bear
the cost of the preparation of its own financial statements and shall not pay or
bear the cost of the preparation of the financial statements of any such other
entity. Neither the accounting records nor the financial statements of the Trust
will indicate that the Issuer Trust Estate is available to pay creditors of the
Owner Trustee, the Trust Company, the Indenture Trustee, the Depositor, the
Contributor or the Certificateholder or any other Person or entity.

      (l) The Owner Trustee shall not have the power to commence a voluntary
proceeding in bankruptcy relating to the Trust without the prior approval of the
Certificateholder and the Indenture Trustee (acting at the direction of the
Majority Holders) and the Depositor and the delivery to the Owner Trustee by the
Certificateholder and the Depositor of a certificate stating that such entity
reasonably believes that the Trust is insolvent.

      (m) The Owner Trustee and the Depositor each covenants and agrees that it
will not at any time institute against the Certificateholder, or join in any
institution against the Certificateholder of any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceeding or other proceeding under any
United States federal or state bankruptcy or similar law in connection with any
obligations relating to the Certificate or this Agreement. The Owner Trustee and
the Depositor each covenants and agrees that it will not, in any capacity, seek
the substantive consolidation of the assets of the Trust with the
Certificateholder or any other person.

                                        6

<PAGE>

      (n) Except to the extent contemplated by the Transaction Documents, the
Trust shall not make a general assignment for the benefit of creditors,
voluntarily commence any proceeding or file any petition in bankruptcy, petition
or apply to any tribunal for the appointment of a custodian, receiver or any
trustee or for a substantial part of such entity's property, commence any
proceeding under any bankruptcy, insolvency, reorganization, arrangement,
readjustment of debt, dissolution or liquidation law or statute of any
jurisdiction, whether now or hereafter in effect, consent or acquiesce in the
filing of any such petition, application, proceeding or appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator
(or other similar official) of the Trust, as applicable, or any substantial part
of such entity's property, or admit the Trust's inability to pay its debts
generally as they become due or authorize any of the foregoing to be done or
taken on behalf of the Trust or take any action in furtherance of any such
action.

      (o) The Certificate cannot be transferred other than pursuant to Section
3.8.

      (p) The Certificate shall entitle any Certificateholder only to the
benefits and distributions as are expressly set forth in this Agreement and the
Indenture.

      (q) The Trust and this Agreement may not be revoked or terminated except
in accordance with Section 8.1 of this Agreement and in no event shall the
Certificateholder have the ability to terminate the Trust unilaterally.

      (r) The Trust shall not merge or consolidate with any Person, participate
in any asset sale or other transfer of ownership interests or form, acquire or
hold any subsidiary (whether corporate, partnership, limited liability company
or other type of entity) except, in each case, to the extent contemplated by the
Transaction Documents.

      (s) Neither the Depositor nor the Certificateholder shall request or
instruct the Owner Trustee to take or refrain from taking any action if such
action or inaction would be contrary to any obligation of the Trust or the Owner
Trustee under this Agreement or contrary to the limited purposes of the Trust,
and the Owner Trustee shall be under no obligation to comply with any such
request or instruction if given.

      Section 2.4 Appointment of Owner Trustee. The Depositor hereby appoints
the Owner Trustee as trustee of the Trust effective as of the date hereof, to
have all the rights, powers, authority, authorization and duties set forth
herein.

      Section 2.5 Initial Capital Contribution of Issuer Trust Estate. The Owner
Trustee hereby acknowledges receipt in trust from the Depositor of the sum of $1
which contribution shall constitute the initial Issuer Trust Estate. The
Depositor shall pay organizational expenses of the Trust as they may arise or
shall, upon the request of the Owner Trustee, promptly reimburse the Owner
Trustee or the Trust Company for any such expenses paid by the Owner Trustee or
the Trust Company.

      Section 2.6 Declaration of Trust. The Owner Trustee hereby declares that
it will hold the Issuer Trust Estate in trust upon and subject to the conditions
set forth herein for the use and benefit of the Indenture Trustee and the
Noteholders, subject to the obligations of the Trust under the Transaction
Documents. It is the intention of the parties hereto that the Trust constitute a

                                        7

<PAGE>

statutory trust under the Statutory Trust Statute and that this Agreement
constitute the governing instrument of such statutory trust. Effective as of the
date hereof, the Owner Trustee shall have all rights, powers and authority set
forth herein and to the extent not inconsistent herewith, in the Statutory Trust
Statute with respect to accomplishing the purposes of the Trust. The Owner
Trustee shall file the Certificate of Trust with the Secretary of State.

      Neither the Certificateholder or the Owner Trustee shall have any personal
liability for any liability or obligation of the Trust.

      Section 2.7 Title to Issuer Trust Estate. (a) Legal title to all of the
Issuer Trust Estate shall be vested at all times in the Trust as a separate
legal entity except where applicable law in any jurisdiction requires title to
any part of the Issuer Trust Estate to be vested in a trustee or trustees, in
which case title shall be deemed to be vested in the Owner Trustee, a co-trustee
and/or a separate trustee, as the case may be.

      (b) The Holder shall not have legal title to any part of the Issuer Trust
Estate. The Holder shall be entitled to receive distributions with respect to
its undivided ownership interest therein only in accordance with Article VIII.
No transfer, by operation of law or otherwise, of any right, title or interest
by the Certificateholder of its ownership interest in the Issuer Trust Estate
shall operate to terminate this Agreement or the trusts hereunder or entitle any
transferee to an accounting or to the transfer to it of legal title to any part
of the Issuer Trust Estate.

      Section 2.8 Situs of Trust. The Trust will be administered in the State of
Delaware. All bank accounts maintained on behalf of the Trust shall be located
in the State of Delaware, the State of California or such other location as the
Cerificateholder may determine. Payments will be received by the Trust only in
such locations and payments will be made by the Trust only from such locations.
The Trust shall not have any employees in any state other than Delaware;
provided, however, that nothing herein shall restrict or prohibit the Owner
Trustee, the Servicer or any agent of the Trust from having employees within or
without the State of Delaware. The only office of the Trust will be at the
Corporate Trust Office located in Delaware.

      Section 2.9 Representations and Warranties of the Depositor. The Depositor
makes the following representations and warranties on which the Owner Trustee
relies in accepting the Issuer Trust Estate in trust and the Trust relies in
issuing the Notes, upon which the Noteholders rely in accepting the Notes.

      (a) Organization and Good Standing. The Depositor is duly organized and
validly existing as a Delaware corporation with power and authority to own its
properties and to conduct its business as such properties are currently owned
and such business is presently conducted and is proposed to be conducted
pursuant to this Agreement and the Transaction Documents.

      (b) Due Qualification. It is duly qualified to do business as a foreign
corporation in good standing, and has obtained all necessary licenses and
approvals, in all jurisdictions in which the ownership or lease of its property,
the conduct of its business and the performance of its obligations under this
Agreement and the Transaction Documents requires such qualification.

      (c) Power and Authority. The Depositor has the corporate power and
authority to execute and deliver this Agreement and to carry out its terms; the
Depositor has full power and

                                        8

<PAGE>

authority to sell and assign the property to be sold and assigned to and
deposited with the Trust, and the Depositor has duly authorized such sale and
assignment and deposit to the Trust by all necessary corporate action; and the
execution, delivery and performance of this Agreement has been duly authorized
by the Depositor by all necessary corporate action.

      (d) No Consent Required. No consent, license, approval or authorization or
registration or declaration with, any Person or with any governmental authority,
bureau or agency is required in connection with the execution, delivery or
performance of this Agreement and the Transaction Documents, except for such as
have been obtained, effected or made.

      (e) No Violation. The consummation of the transactions contemplated by
this Agreement and the fulfillment of the terms hereof do not conflict with,
result in any breach of any of the terms and provisions of, or constitute (with
or without notice or lapse of time) a default under, the certificate of
incorporation or by-laws of the Depositor, or any material indenture, agreement
or other instrument to which the Depositor is a party or by which it is bound;
nor result in the creation or imposition of any Lien upon any of its properties
pursuant to the terms of any such indenture, agreement or other instrument
(other than pursuant to the Transaction Documents); nor violate any law or, to
the best of the Depositor's knowledge, any order, rule or regulation applicable
to the Depositor of any court or of any Federal or state regulatory body,
administrative agency or other governmental instrumentality having jurisdiction
over the Depositor or its properties.

      (f) No Proceedings. There are no proceedings or investigations pending or,
to its knowledge threatened against it before any court, regulatory body,
administrative agency or other tribunal or governmental instrumentality having
jurisdiction over it or its properties (A) asserting the invalidity of this
Agreement or any of the Transaction Documents, (B) seeking to prevent the
issuance of the Notes or the consummation of any of the transactions
contemplated by this Agreement or any of the Transaction Documents, (C) seeking
any determination or ruling that might materially and adversely affect its
performance of its obligations under, or the validity or enforceability of, this
Agreement or any of the Transaction Documents, or (D) seeking to adversely
affect the federal income tax or other federal, state or local tax attributes of
the Notes.

      (g) Binding Obligation. This Agreement constitutes a legal, valid and
binding obligation of the Depositor enforceable in accordance with its terms.

      Section 2.10 Covenants of the Certificateholder. The Certificateholder
agrees:

            (a) to be bound by the terms and conditions of the Certificates of
      which a Holder is the owner and of this Agreement, including any
      supplements or amendments hereto and to perform the obligations of a
      Holder as set forth therein or herein, in all respects as if it were a
      signatory hereto. This undertaking is made for the benefit of the Trust,
      the Owner Trustee, the Trust Company, the Indenture Trustee and the
      Noteholders; and

            (b) until the completion of each of the events specified in Section
      8.1(d), not to, for any reason, institute proceedings for the Trust to be
      adjudicated a bankrupt or insolvent, or consent to the institution of
      bankruptcy or insolvency proceedings against

                                        9

<PAGE>

      the Trust, or file a petition seeking or consenting to reorganization or
      relief under any applicable federal or state law relating to bankruptcy,
      or consent to the appointment of a receiver, liquidator, assignee,
      trustee, sequestrator (or other similar official) of the Trust or a
      substantial part of its property, or cause or permit the Trust to make any
      assignment for the benefit of its creditors, or admit in writing its
      inability to pay its debts generally as they become due, or declare or
      effect a moratorium on its debt or take any action in furtherance of any
      such action.

      Section 2.11 Federal Income Tax Treatment of the Trust. (a) For so long as
the Trust has a single owner for federal income tax purposes, it will, pursuant
to Treasury Regulations promulgated under section 7701 of the Code, be
disregarded as an entity distinct from the Certificateholder for all federal
income tax purposes. Accordingly, for federal income tax purposes, the
Certificateholder will be treated as (i) owning all assets owned by the Trust,
(ii) having incurred all liabilities incurred by the Trust, and (iii) all
transactions between the Trust and the Certificateholder will be disregarded.

      (b) Neither the Owner Trustee nor the Certificateholder will, under any
circumstances, and at any time, make an election on IRS Form 8832 or otherwise,
to classify the Trust as an association taxable as a corporation for federal,
state or any other applicable tax purpose.

      (c) In the event that the Trust has two equity owners for federal income
tax purposes, the Trust will be treated as a partnership. At any such time that
the Trust has two such equity owners, this Agreement will be amended, in
accordance with Section 10.1 hereof, and appropriate provisions will be added so
as to provide for treatment of the Trust as a partnership.

                                   ARTICLE III

                      CERTIFICATE AND TRANSFER OF INTEREST

      Section 3.1 Initial Ownership. Upon the formation of the Trust and until
the issuance of the Certificate to the initial Certificateholder, the Depositor
shall be the sole beneficial owner of the Trust.

      Section 3.2 The Certificate. The Certificate shall be executed on behalf
of the Trust by manual or facsimile signature of an authorized officer of the
Owner Trustee. A Certificate bearing the manual or facsimile signatures of
individuals who were, at the time when such signatures shall have been affixed,
authorized to sign on behalf of the Trust, shall be validly issued and entitled
to the benefit of this Agreement, notwithstanding that such individuals or any
of them shall have ceased to be so authorized prior to the authentication and
delivery of such Certificate or did not hold such offices at the date of
authentication and delivery of such Certificate. A transferee of a Certificate
shall become a Certificateholder, and shall be entitled to the rights and
subject to the obligations of a Certificateholder hereunder, upon due
registration of such Certificate in such transferee's name pursuant to Section
3.4.

      Section 3.3 Authentication of Certificate. Concurrently with the initial
transfer of the Receivables to the Trust pursuant to the Sale and Servicing
Agreement, the Trust shall issue the

                                       10

<PAGE>

Certificate, which shall be executed by the Owner Trustee on behalf of the
Trust, authenticated in accordance with this Agreement and delivered to or upon
the written order of the Depositor. No Certificate shall entitle its Holder to
any benefit under this Agreement, or shall be valid for any purpose, unless
there shall appear on such Certificate a certificate of authentication
substantially in the form set forth in Exhibit A, executed by the Owner Trustee
or the Owner Trustee's authentication agent, by manual signature; such
authentication shall constitute conclusive evidence that such Certificate shall
have been duly and validly authorized, issued, authenticated and delivered
hereunder. The Certificate shall be dated the date of its authentication.

      Section 3.4 Registration of Transfer and Exchange of Certificate. The
Certificate Registrar shall keep or cause to be kept, at the office or agency
maintained pursuant to Section 3.7, a Certificate Register in which, subject to
such reasonable regulations as it may prescribe, the Certificate Registrar shall
provide for the registration of the Certificate and, subject to Section 3.8
hereof, of transfers and exchanges of the Certificate as herein provided.
JPMorgan shall be the initial Certificate Registrar. Promptly upon written
request therefor from the Owner Trustee, the Certificate Registrar shall provide
to the Owner Trustee in writing such information regarding or contained in the
Certificate Register as the Owner Trustee may reasonably request. The Owner
Trustee (as such and in its individual capacity) shall be entitled to rely (and
shall be fully protected in relying) on such information.

      The Certificate Registrar shall provide the Owner Trustee with the name
and address of the Certificateholder on the Closing Date. Upon any transfers of
the Certificate, the Certificate Registrar shall notify the Owner Trustee of the
name and address of the transferee in writing, by facsimile, on the day of such
transfer.

      Upon surrender for registration of transfer of the Certificate at the
office or agency maintained pursuant to Section 3.7, the Owner Trustee, or the
Certificate Registrar on its behalf shall execute, authenticate and deliver, in
the name of the designated transferee, a new Certificate dated the date of
authentication by the Owner Trustee or any authenticating agent.

      A Certificate presented or surrendered for registration of transfer or
exchange shall be accompanied by a written instrument of transfer in form
satisfactory to the Owner Trustee and the Certificate Registrar duly executed by
the Certificateholder or his attorney duly authorized in writing, with such
signature guaranteed by an "eligible guarantor institution" meeting the
requirements of the Certificate Registrar, which requirements include membership
or participation in the Securities Transfer Agent's Medallion Program ("STAMP")
or such other "signature guarantee program" as may be determined by the
Certificate Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended. Each
Certificate surrendered for registration of transfer or exchange shall be
canceled and subsequently disposed of by the Certificate Registrar in accordance
with its customary practice.

      No service charge shall be made for any registration of transfer or
exchange of the Certificate, but the Owner Trustee or the Certificate Registrar
may require payment of a sum sufficient to cover any tax or governmental charge
that may be imposed in connection with any transfer or exchange of the
Certificate.

                                       11

<PAGE>

      Section 3.5 Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any
mutilated Certificate shall be surrendered to the Certificate Registrar, or if
the Certificate Registrar shall receive evidence to its satisfaction of the
destruction, loss or theft of any Certificate and (b) there shall be delivered
to the Certificate Registrar and the Owner Trustee (as such and in its
individual capacity), such security or indemnity as may be required by them to
defend and save each of them harmless, then in the absence of notice that such
Certificate shall have been acquired by a protected purchaser, the Owner Trustee
or the Certificate Registrar on behalf of the Trust shall execute and the Owner
Trustee, or the Certificate Registrar on its behalf, shall authenticate and
deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like class, tenor and denomination. In
connection with the issuance of any new Certificate under this Section, the
Owner Trustee or the Certificate Registrar may require the payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
connection therewith. Any duplicate Certificate issued pursuant to this Section
shall constitute conclusive evidence of an ownership interest in the Trust, as
if originally issued, whether or not the lost, stolen or destroyed Certificate
shall be found at any time.

      Section 3.6 Persons Deemed Certificateholders. Every Person by virtue of
becoming a Certificateholder in accordance with this Agreement shall be deemed
to be bound by the terms of this Agreement. Prior to due presentation of the
Certificate for registration of transfer or exchange, the Owner Trustee, the
Certificate Registrar and the Indenture Trustee and any agent of the Owner
Trustee, the Certificate Registrar and the Indenture Trustee may treat the
person in whose name any Certificate shall be registered in the Certificate
Register as the owner of such Certificate for the purpose of receiving
distributions pursuant to the Sale and Servicing Agreement and for all other
purposes whatsoever, and none of the Owner Trustee (as such and in its
individual capacity), the Certificate Registrar or the Indenture Trustee nor any
agent of the Owner Trustee (as such and in its individual capacity) or the
Certificate Registrar shall be bound by any notice to the contrary.

      Section 3.7 Maintenance of Office or Agency. The Certificate Registrar
shall maintain in New York, New York, an office or offices or agency or agencies
where the Certificate may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Certificate Registrar in
respect of the Certificate and the Transaction Documents may be served. The
Certificate Registrar initially designates the Indenture Trustee, as its
principal office for such purposes. The Certificate Registrar shall give prompt
written notice to the Depositor, the Certificateholder and the Owner Trustee of
any change in the location of the Certificate Register or any such office or
agency.

      Section 3.8 Disposition in Whole But Not in Part. The Certificate may be
transferred in whole but not in part. Any attempted transfer in part of the
Certificate shall be void. The Certificate is only transferable to an entity
with the prior written consent of the Majority Holders in their sole discretion.
In connection with any proposed transfer of the Certificate, the Majority
Holders shall certify in a writing delivered to the Owner Trustee and the
Certificate Registrar that the Majority Holders consent to such transfer.
Notwithstanding any other provision herein or elsewhere, other than to determine
that any certification delivered to the Owner Trustee pursuant to this Section
3.8 or Section 3.9 substantially complies with the requirements set forth in the
preceding two sentences or in Section 3.9 as the case may be, neither the Owner
Trustee nor the Certificate Registrar shall have any obligation to determine
whether or not any transfer or

                                       12

<PAGE>

exchange or proposed or purported transfer or exchange of a Certificate is
permitted under or in accordance with this Agreement; neither the Owner Trustee
nor the Certificate Registrar nor the Trust Company shall have any personal
liability to any Person in connection with any transfer or exchange or proposed
or purported transfer or exchange (and/or registration thereof) that is not
permitted under or in accordance with this Agreement; the Owner Trustee and the
Certificate Registrar shall be entitled to rely (and shall be fully justified
and protected (each as such and in its individual capacity) in so relying) on
the Certificate Register as to the identity of the Certificateholder and as to
the Certificate and the denomination thereof. Any Certificate issued shall
contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE, EXCEPT UNDER THE
LIMITED CONDITIONS SPECIFIED IN THE TRUST AGREEMENT."

      Section 3.9 ERISA Restrictions. The Certificate may not be, and each
proposed transferee of a Certificate shall certify in writing delivered to the
Owner Trustee and the Certificate Registrar that the Certificate is not being,
acquired by or for the account of (i) an employee benefit plan (as defined in
Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
("ERISA")) that is subject to the provisions of Title I of ERISA, (ii) a plan
(as defined in Section 4975(e)(1) of the Code) that is subject to Section 4975
of the Code, or (iii) any entity whose underlying assets include assets of a
plan described in (i) or (ii) above by reason of such plan's investment in the
entity (each, a "Benefit Plan"). By accepting and holding its beneficial
ownership interest in its Certificate, the Holder thereof shall be deemed to
have represented and warranted that it is not a Benefit Plan.

                                   ARTICLE IV

                         VOTING RIGHTS AND OTHER ACTIONS

      Section 4.1 Prior Notice to Holder with Respect to Certain Matters. With
respect to the following matters, the Trust shall not take action unless at
least 30 days before the taking of such action, the Owner Trustee shall have
notified the Certificateholder and the Indenture Trustee in writing of the
proposed action, and the Certificateholder, with the prior written consent of
the Majority Holders, has approved such action in writing, which approval has
been received by the Owner Trustee by the 30th day after such notice is given:

            (a) the election by the Trust to file an amendment to the
      Certificate of Trust (unless such amendment is required to be filed under
      the Statutory Trust Statute or unless such amendment would not materially
      and adversely affect the interests of the Certificateholder and the
      Noteholders);

            (b) the amendment of the Indenture by a supplemental indenture in
      circumstances where the consent of any Certificateholder is required;

            (c) the amendment of the Indenture by a supplemental indenture in
      circumstances where the consent of any Certificateholder is not required
      and such amendment materially adversely affects the interest of the
      Certificateholder;

            (d) except pursuant to Section 13.01 of the Sale and Servicing
      Agreement, the amendment, change or modification of the Sale and Servicing
      Agreement;

                                       13

<PAGE>

            (e) except as provided in Article VIII hereof, dissolve, terminate
      or liquidate the Trust in whole or in part;

            (f) do any act which would make it impossible to carry on the
      ordinary business of the Trust;

            (g) confess a judgment against the Trust;

            (h) possess Trust assets, or assign the Trust's right to property,
      for other than a Trust purpose;

            (i) cause the Trust to lend any funds to any entity;

            (j) change the Trust's purpose and powers from those set forth in
      this Agreement; or

            (k) cause the Trust to incur, assume or guaranty any indebtedness
      except as set forth in this Agreement.

            (l) the initiation of any material claim or litigation by the Trust
      (except for claims or lawsuits brought in connection with the collection
      of Receivables); or

            (m) the appointment pursuant to the Indenture of a successor
      Indenture Trustee or the consent to the assignment by the Indenture
      Trustee, Certificate Registrar or Owner Trustee of any of its obligations
      under the Indenture or this Agreement.

      The Owner Trustee shall notify the Certificateholder in writing of any
appointment of a successor Certificate Registrar or Indenture Trustee within
five Business Days after receipt of notice thereof.

      Section 4.2 Action by Certificateholder and Indenture Trustee with Respect
to Certain Matters. The Trust shall not have the power, except upon the
direction of the Certificateholder and (acting at the direction of the Majority
Holders) the Indenture Trustee in accordance with the Transaction Documents, to
(a) remove the Servicer under the Sale and Servicing Agreement pursuant to
Section 10.2 thereof or (b) except as expressly provided in the Transaction
Documents, sell the Receivables after the termination of the Indenture. The
Trust shall take the actions referred to in the preceding sentence only upon
written instructions signed by the Certificateholder and the Indenture Trustee
(acting at the direction of the Majority Holders) and the furnishing of
indemnification satisfactory to the Owner Trustee (as such and in its individual
capacity) by the Certificateholder.

      Section 4.3 Restrictions on Certificateholder's Power. (a) The
Certificateholder shall not direct the Owner Trustee to take or refrain from
taking any action if such action or inaction would be contrary to any obligation
of the Trust or the Owner Trustee under this Agreement or any of the Transaction
Documents or would be contrary to Section 2.3, nor shall the Owner Trustee be
obligated to follow any such direction, if given.

                                       14

<PAGE>

      (b) The Certificateholder shall not have any right by virtue or by
availing itself of any provisions of this Agreement to institute any suit,
action, or proceeding in equity or at law upon or under or with respect to this
Agreement or any Transaction Document, unless the Certificateholder is the
Instructing Party pursuant to Section 5.3 and, unless the Certificateholder
previously shall have given to the Owner Trustee a written notice of default and
of the continuance thereof, as provided in this Agreement, and also unless the
Certificateholder shall have made written request upon the Owner Trustee to
institute such action, suit or proceeding in its own name as Owner Trustee under
this Agreement and shall have offered to the Owner Trustee (as such and in its
individual capacity) such reasonable indemnity as it may require against the
costs, expenses and liabilities to be incurred therein or thereby, and the Owner
Trustee, for 30 days after its receipt of such notice, request, and offer of
indemnity, shall have neglected or refused to institute any such action, suit,
or proceeding, and during such 30-day period no request or waiver inconsistent
with such written request has been given to the Owner Trustee pursuant to and in
compliance with this Section or Section 5.3. For the protection and enforcement
of the provisions of this Section, the Certificateholder and the Owner Trustee
shall be entitled to such relief as can be given either at law or in equity.

      Section 4.4 Rights of Majority Holders. Notwithstanding anything to the
contrary in the Transaction Documents, without the prior written consent of the
Majority Holders (which consent shall not be unreasonably withheld or delayed),
the Trust shall not (i) remove the Servicer, (ii) initiate any claim, suit or
proceeding by the Trust or compromise any claim, suit or proceeding brought by
or against the Trust, other than with respect to the enforcement of any
Receivable or any rights of the Trust thereunder, (iii) authorize the merger or
consolidation of the Trust with or into any other statutory trust or other
entity (other than in accordance with Section 3.10 of the Indenture) or (iv)
amend the Certificate of Trust (unless such amendment is required to be filed
under applicable law) or this Agreement.

                                    ARTICLE V

                      AUTHORITY AND DUTIES OF OWNER TRUSTEE

      Section 5.1 General Authority. (a) The Owner Trustee shall have power and
authority, and is hereby authorized and empowered, in the name and on behalf of
the Trust, to execute and deliver the Transaction Documents to which the Trust
is named as a party and each certificate or other document attached as an
exhibit to or contemplated by the Transaction Documents to which the Trust is
named as a party and any amendment thereto, in each case, in such form as the
Depositor shall approve as evidenced conclusively by the Owner Trustee's
execution thereof, including, without limitation, one or more certificates in
connection with opinion letters delivered at closing and the authentication
order by the Trust directing the Indenture Trustee to authenticate and deliver
Notes in an aggregate principal amount not to exceed $450,000,000 at any given
time. In addition to the foregoing, the Owner Trustee shall have power and
authority and hereby is authorized and empowered, but shall not be obligated, to
take all actions required of the Trust pursuant to the Transaction Documents.
The Owner Trustee shall have power and authority and hereby is further
authorized and empowered from time to time to take such action as the
Instructing Party recommends with respect to the Transaction Documents so long
as such activities are consistent with the terms of the Transaction Documents.

                                       15

<PAGE>

      (b) The Owner Trustee shall on behalf of the Trust (i) maintain (or cause
to be maintained) on a calendar year basis books with respect to amounts
actually received or disbursed by the Owner Trustee, (ii) deliver (or cause to
be delivered) to each Certificateholder, such information as may be reasonably
and in writing requested by such Certificateholder and is in the possession of
the Owner Trustee to enable each Certificateholder to prepare its federal and
state income tax returns, and (iii) file or cause to be filed such tax returns
relating to the Trust as are provided to it in execution form by Bay View
Acceptance, and pursuant to direction of Bay View Acceptance make such elections
as may from time to time be so requested by Bay View Acceptance in connection
with any applicable state or federal statute or rule or regulation thereunder.
The Owner Trustee shall make all tax elections pursuant to this Section 5.1 as
directed in writing by Bay View Acceptance. The Owner Trustee shall sign on
behalf of the Trust all tax information returns and any other returns as may be
requested by Bay View Acceptance, each as provided to it in execution form
pursuant to this Section, and in doing so shall rely entirely upon, and shall
have no personal liability for information provided by, or calculations provided
by, Bay View Acceptance.

      (c) The Owner Trustee shall sign on behalf of the Trust any applicable tax
returns of the Trust, unless applicable law requires the Certificateholder to
sign such documents, in which case such documents shall be presented for
signature to the Certificateholder and not the Owner Trustee.

      Section 5.2 General Duties. It shall be the duty of the Owner Trustee to
discharge (or cause to be discharged) all of the responsibilities expressly
required to be performed by the Owner Trustee pursuant to the terms of this
Agreement and the Sale and Servicing Agreement and the other Transaction
Documents to which the Trust is a party, in the interest of the Holder, subject
to the Transaction Documents to which it is a party and in accordance with the
provisions of this Agreement and the other Transaction Documents to which the
Trust is a party. Notwithstanding the foregoing, the Owner Trustee shall be
deemed to have discharged its duties and responsibilities hereunder and under
the Transaction Documents to the extent Bay View Acceptance has agreed in the
Sale and Servicing Agreement to perform any act or to discharge any duty of the
Trust or the Owner Trustee hereunder or under any Transaction Document, and the
Owner Trustee shall not be personally liable for the default or failure of Bay
View Acceptance to carry out its obligations under the Sale and Servicing
Agreement or this Agreement, as applicable.

      Section 5.3 Action upon Instruction. (a) Subject to Article IV, the
Majority Holders or the Certificateholder (the "Instructing Party") shall have
the exclusive right to direct the actions of the Owner Trustee in the management
of the Trust, so long as such instructions are not inconsistent with the express
terms set forth herein or in any Transaction Document. The Instructing Party
shall not instruct the Owner Trustee in a manner inconsistent with this
Agreement or the Transaction Documents.

      (b) The Owner Trustee shall not be required to take any action hereunder
or under any Transaction Document if the Owner Trustee shall have reasonably
determined, or shall have been advised by counsel, that such action is likely to
result in personal liability on the part of the Owner Trustee or is contrary to
the terms hereof or of any Transaction Document or is otherwise contrary to law.

                                       16

<PAGE>

      (c) Whenever the Owner Trustee is unable to decide between alternative
courses of action permitted or required by the terms of this Agreement or any
Transaction Document, the Owner Trustee shall promptly give written notice (in
such form as shall be appropriate under the circumstances) to the Instructing
Party requesting instruction as to the course of action to be adopted, and to
the extent the Owner Trustee acts or refrains from acting in good faith in
accordance with any written instruction of the Instructing Party received, the
Owner Trustee shall not be personally liable on account of such action or
inaction to any Person. If the Owner Trustee shall not have received appropriate
instruction within ten days of such notice (or within such shorter period of
time as reasonably may be specified in such notice or may be necessary under the
circumstances) it may, but shall be under no duty to, take or refrain from
taking such action, not inconsistent with this Agreement or the Transaction
Documents, as it shall deem to be in the best interests of the
Certificateholder, and shall have no personal liability to any Person for such
action or inaction.

      (d) In the event that the Owner Trustee is unsure as to the application of
any provision of this Agreement or any Transaction Document or any such
provision is ambiguous as to its application, or may be, in conflict with any
other applicable provision, or in the event that this Agreement permits any
determination by the Owner Trustee or is silent or is incomplete as to the
course of action that the Owner Trustee is required or permitted to take with
respect to a particular set of facts, the Owner Trustee may give notice (in such
form as shall be appropriate under the circumstances) to the Instructing Party
requesting instruction and, to the extent that the Owner Trustee acts or
refrains from acting in good faith in accordance with any such instruction
received, the Owner Trustee shall not be personally liable, on account of such
action or inaction, to any Person. If the Owner Trustee shall not have received
appropriate instruction within 10 days of such notice (or within such shorter
period of time as reasonably may be specified in such notice or may be necessary
under the circumstances) it may, but shall be under no duty to, take or refrain
from taking such action, not inconsistent with this Agreement or the Transaction
Documents, as it shall deem to be in the best interests of the
Certificateholder, and shall have no personal liability to any Person for such
action or inaction.

      Section 5.4 No Duties Except as Specified in this Agreement or in
Instructions. The Owner Trustee shall not have any duty or obligation to manage,
make any payment with respect to, register, record, sell, dispose of, or
otherwise deal with the Issuer Trust Estate, or to otherwise take or refrain
from taking any action under, or in connection with, any document contemplated
hereby to which the Trust or the Owner Trustee is a party, except as expressly
provided by the terms of this Agreement or in any document or written
instruction received by the Owner Trustee pursuant to Section 5.3; and no
implied duties or obligations shall be read into this Agreement or any
Transaction Document against the Owner Trustee. The Owner Trustee shall have no
responsibility for filing any financing or continuation statement in any public
office at any time or to otherwise perfect or maintain the perfection of any
security interest or lien granted to it hereunder or to prepare or file any
filing for the Trust or to record this Agreement or any Transaction Document.
The Trust Company nevertheless agrees that it will, at its own cost and expense,
promptly take all action as may be necessary to discharge any Liens on any part
of the Issuer Trust Estate that result from actions by, or claims against, the
Owner Trustee (solely in its individual capacity) and that are not related to
the ownership or the administration of the Issuer Trust Estate or the Trust
Company serving as Owner Trustee.

                                       17

<PAGE>

      Section 5.5 No Action Except under Specified Documents or Instructions.
The Owner Trustee shall not manage, control, use, sell, dispose of or otherwise
deal with any part of the Issuer Trust Estate except (i) in accordance with the
powers granted to and the authority conferred upon the Owner Trustee pursuant to
this Agreement, (ii) in accordance with the Transaction Documents and (iii) in
accordance with any document or instruction delivered to the Owner Trustee
pursuant to Section 5.3.

      Section 5.6 Restrictions. The Owner Trustee shall not take any action (a)
that is inconsistent with the purposes of the Trust set forth in Section 2.3 or
(b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee,
would result in the Trust's becoming taxable as a corporation for federal income
tax purposes. The Certificateholder shall not direct the Owner Trustee to take
action that would violate the provisions of this Section. The Trust shall:

      (a) maintain its records and books of account separate and apart from
those of any other Person or entity;

      (b) maintain its books, records, resolutions and agreements as official
records;

      (c) not commingle its funds or assets with those of any other person or
entity;

      (d) hold its assets in its own name;

      (e) conduct business in its own name;

      (f) maintain full and complete financial records in accordance with
generally accepted accounting principals and maintains its financial statements,
accounting records and other entity documents separate from any other person or
entity;

      (g) pay its own liabilities out of its own funds and assets;

      (h) maintain an arms-length relationship with its affiliates;

      (i) not incur indebtedness, other than indebtedness contemplated by the
Transaction Documents;

      (j) not assume or guarantee or become obligated for the debts of any other
person or entity or hold out its credit as being available to satisfy the
obligation of any other person or entity, except as contemplated by the
Transaction Documents;

      (k) not acquire obligations or securities of its beneficiaries;

      (l) allocate fairly and reasonably shared expenses, including without
limitation, shared office space, and use separate stationery, invoices and
checks;

      (m) not pledge its assets for the benefit of any other person or entity,
except as contemplated by the Transaction Documents;

                                       18

<PAGE>

      (n) identify or hold itself out as a separate and distinct entity under
its own name and not as a division or part of any other person or entity;

      (o) not make loans to any person or entity, except as contemplated in the
Transaction Documents;

      (p) not identify its Certificateholders, or any affiliates of any of them,
as a division or part of the Trust;

      (q) not enter into, or be a party to, any transaction with its members or
its affiliates except in the ordinary course of business and on terms which are
intrinsically fair and are no less favorable to it than would be obtained in a
comparable arms-length transaction with an unrelated third party;

      (r) observe all entity formalities under applicable law;

      (s) correct any known misunderstanding regarding its separate identity;
and

      (t) maintain adequate capital in light of its contemplated business
operations.

The Instructing Party shall not direct the Owner Trustee to take action that
would violate the provisions of this Section.

                                   ARTICLE VI

                          CONCERNING THE OWNER TRUSTEE

      Section 6.1 Acceptance of Trusts and Duties. The Owner Trustee accepts the
trusts hereby created and agrees to perform only such duties as are expressly
required to be performed by the Owner Trustee under this Agreement and the other
Transaction Documents to which the Trust is a party. The Owner Trustee also
agrees to disburse all moneys actually received by it constituting part of the
Issuer Trust Estate upon the terms of the other Transaction Documents to which
the Trust is a party and this Agreement. The Owner Trustee shall not be
personally answerable or accountable hereunder or under any other Transaction
Document under any circumstances, except to the Certificateholder and the Trust
(i) for its own willful breach, willful misconduct or gross negligence, (ii) in
the case of the inaccuracy of any representation or warranty contained in
Section 6.3 expressly made by the Owner Trustee in its individual capacity or
(iii) for liabilities arising from the failure of the Owner Trustee to perform
obligations expressly undertaken by it in the last sentence of Section 5.4
hereof. In particular, but not by way of limitation (and subject to the
exceptions set forth in the preceding sentence):

      (a) the Owner Trustee shall not be personally liable for any error of
judgment made by the Owner Trustee unless such error constitutes gross
negligence;

      (b) the Owner Trustee shall not be personally liable with respect to any
action taken or omitted to be taken by it in accordance with the instructions of
the Depositor, the Certificateholder or the Majority Holders given in accordance
with this Agreement;

                                       19

<PAGE>

      (c) no provision of this Agreement or any other Transaction Document shall
require the Owner Trustee to expend or risk its own funds or otherwise incur any
personal financial liability in the performance or exercise of any of its
rights, duties or powers hereunder or under any other Transaction Document if
the Owner Trustee (as such and in its individual capacity) shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against
such risk or personal liability is not reasonably assured or provided to it (as
such and in its individual capacity);

      (d) under no circumstances shall the Owner Trustee be personally liable
for indebtedness evidenced by or arising under any of the Transaction Documents,
including the principal of and interest on the Notes;

      (e) the Owner Trustee shall not be personally responsible for or in
respect of the validity or sufficiency of this Agreement or for the due
execution hereof by the Depositor or for the form, character, genuineness,
sufficiency, value or validity of any of the Issuer Trust Estate or for or in
respect of the validity or sufficiency of the Transaction Documents, other than
the Owner Trustee's due execution of the Notes in the name of the Trust, and the
Owner Trustee shall in no event assume or incur any personal liability, duty, or
obligation to the Certificateholder or to any Noteholder or other person, other
than as expressly provided for herein and in the other Transaction Documents to
which the Trust is a party;

      (f) the Owner Trustee shall not be personally liable for the default or
misconduct of the Indenture Trustee or the Servicer under any of the Transaction
Documents or otherwise and the Owner Trustee shall have no obligation or
personal liability to perform the obligations of the Trust under this Agreement
or the other Transaction Documents that are required to be performed by the
Indenture Trustee or the Servicer;

      (g) the Owner Trustee shall be under no obligation to exercise any of the
rights or powers vested in it by this Agreement, or to institute, conduct or
defend any litigation under this Agreement or otherwise or in relation to this
Agreement or any Transaction Document, at the request, order or direction of the
Depositor, the Certificateholder or the Noteholders unless the
Certificateholder, the Depositor or the Noteholders have offered to the Owner
Trustee (as such and in its individual capacity) security or indemnity
reasonably satisfactory to it (as such and in its individual capacity) against
the costs, expenses and liabilities that may be incurred by the Owner Trustee
(as such and in its individual capacity) therein or thereby. The right of the
Owner Trustee to perform any discretionary act enumerated in this Agreement or
in any other Transaction Document shall not be construed as a duty, and the
Owner Trustee shall not be personally answerable except to the Certificateholder
and the Trust for its own gross negligence, willful breach or willful misconduct
in the performance of any such act; and

      (h) notwithstanding anything contained herein or elsewhere to the
contrary, neither the Trust Company in its individual capacity, nor the Owner
Trustee shall be required to take any action in any jurisdiction other than in
the State of Delaware if the taking of such action will (i) require the consent
or approval or authorization or order of or the giving of notice to, or the
registration with or the taking of any other action in respect of, any state or
other governmental authority or agency of any jurisdiction other than the State
of Delaware; (ii) result in any fee, tax or other governmental charge under the
laws of any jurisdiction or any political subdivisions

                                       20

<PAGE>

thereof in existence on the date hereof other than the State of Delaware
becoming payable by the Trust Company; or (iii) subject the Trust Company to
personal jurisdiction in any jurisdiction other than the State of Delaware for
causes of action arising from acts unrelated to the consummation of the
transactions by the Trust Company in its individual capacity or as Owner
Trustee, as the case may be, contemplated hereby. The Owner Trustee shall be
entitled to obtain advice of counsel (which advice shall be an expense of the
Depositor) to determine whether any action required to be taken pursuant to this
Agreement or the other Transaction Documents results in the consequences
described in clauses (i), (ii) and (iii) of the preceding sentence. In the event
that said counsel advises the Owner Trustee that such action will result in such
consequences, the Owner Trustee as necessary will appoint an additional trustee
pursuant to Section 9.5 hereof to proceed with such action.

      Section 6.2 Furnishing of Documents. Subject to Section 3.6, the Owner
Trustee shall furnish to the Certificateholder promptly upon receipt of a
written request therefor, duplicates or copies of all reports, notices,
requests, demands, certificates, financial statements and any other instruments
furnished to the Owner Trustee under the Transaction Documents. On behalf of the
Owner Trustee, the Depositor shall furnish to the Certificateholder promptly
upon written request therefor, copies of the Sale and Servicing Agreement and
the Indenture.

      Section 6.3 Representations and Warranties. The Trust Company hereby
represents and warrants to the Depositor and the Certificateholder, that:

            (a) It is a banking corporation duly organized and validly existing
      in good standing under the laws of the State of Delaware. It has all
      requisite corporate power and authority to execute, deliver and perform
      its obligations under this Agreement.

            (b) It has taken all corporate action necessary to authorize the
      execution and delivery by it of this Agreement, and this Agreement will be
      executed and delivered by one of its officers who is duly authorized to
      execute and deliver this Agreement on its behalf.

            (c) Neither the execution nor the delivery by it of this Agreement,
      nor the consummation by it of the transactions contemplated hereby, nor
      compliance by it with any of the terms or provisions hereof will
      contravene any Federal or Delaware law, governmental rule or regulation
      governing the banking or trust powers of the Owner Trustee or any judgment
      or order binding on it, or constitute any default under its charter
      documents or by-laws or any indenture, mortgage, contract, agreement or
      instrument (other than the Transaction Documents) to which it is a party
      or by which any of its properties may be bound.

            (d) This Agreement constitutes the legal, valid and binding
      obligations of the Trust Company, enforceable against the Trust Company in
      accordance with its terms, subject to applicable bankruptcy, insolvency,
      moratorium, reorganization, conservatorship, receivership, fraudulent
      conveyance, preferential transfer, liquidation and other similar laws
      relating to or affecting the rights and remedies of creditors generally,
      to principles of equity (regardless of whether considered and applied in a
      proceeding in equity or at law), standards of good faith, fair dealing,
      course of dealing,

                                       21

<PAGE>

      course of performance, materiality, and reasonableness that may be applied
      by a court, considerations of public policy, and the exercise of judicial
      discretion, and federal or state securities law and public policy
      considerations relating to indemnification or contribution.

      Section 6.4 Reliance; Advice of Counsel. (a) The Owner Trustee shall incur
no personal liability to anyone in acting upon any signature, instrument,
notice, resolution, request, consent, order, certificate, report, opinion, note,
or other document or paper believed by it to be genuine and believed by it to be
signed by an appropriate Person. The Owner Trustee may accept a certified copy
of a resolution of the board of directors or other governing body of any Person
as conclusive evidence that such resolution has been duly adopted by such body
and that the same is in full force and effect. As to any fact or matter the
method of the determination of which is not specifically prescribed herein, the
Owner Trustee may for all purposes hereof require and rely on a certificate,
signed by an appropriate person as to such fact or matter and such certificate
shall constitute full protection to the Owner Trustee for any action taken or
omitted to be taken by it in good faith in reliance thereon.

      (b) In the exercise or administration of the trusts hereunder and in the
performance of its duties and obligations under this Agreement or the other
Transaction Documents, the Owner Trustee (i) may act directly or through its
agents or attorneys pursuant to agreements entered into with any of them, and
the Owner Trustee shall not be personally liable for the conduct or misconduct
of such agents or attorneys if such agents or attorneys shall have been selected
by the Owner Trustee with reasonable care, and (ii) may consult with counsel,
accountants and other skilled persons to be selected with reasonable care and
employed by it. The Owner Trustee shall not be personally liable for anything
done, suffered or omitted in good faith by it in accordance with the written
opinion or advice of any such counsel, accountants or other such persons and not
in conflict with an express obligation of the Owner Trustee under this Agreement
or any Transaction Document.

      Section 6.5 Not Acting in Individual Capacity. Except as provided in
Section 6.3, in accepting the trusts hereby created, the Trust Company acts
solely as Owner Trustee hereunder and not in its individual capacity, and all
Persons having any claim against the Owner Trustee by reason of the transactions
contemplated by this Agreement or any other Transaction Document shall look only
to the Issuer Trust Estate for payment or satisfaction thereof.

      Section 6.6 Owner Trustee Not Liable for Notes or Receivables. The
recitals contained herein and in the Certificate (other than the execution by
the Owner Trustee of the Certificate on behalf of the Trust, the representations
and warranties of the Trust Company contained in Section 6.3 hereof and the
certificate of authentication of the Owner Trustee on the Certificate, as
applicable) shall be taken as the statements of the Depositor, and the Owner
Trustee assumes no personal responsibility for the correctness thereof. The
Owner Trustee makes no representations as to the validity or sufficiency of this
Agreement, of any other Transaction Document or of the Certificate (other than
as to the due execution by the Owner Trustee of the Certificate on behalf of the
Trust and the certificate of authentication of the Owner Trustee on the
Certificate, as applicable, and as specified in Section 6.3 hereof) or the
Notes, or of any Receivables or related documents. The Owner Trustee shall at no
time have any responsibility or personal liability for or with respect to the
legality, validity and enforceability

                                       22

<PAGE>

of any Receivable, or the perfection and priority of any security interest
created by any Receivable or the maintenance of any such perfection and
priority, or for or with respect to the sufficiency of the Issuer Trust Estate
or its ability to generate the payments to be distributed to Certificateholder
under this Agreement or the Noteholders under the Indenture, including, without
limitation, the existence, condition and ownership of any Financed Vehicle, the
existence and enforceability of any insurance thereon, the existence and
contents of any Receivable on any computer or other record thereof, the validity
of the assignment of any Receivable to the Trust or of any intervening
assignment, the completeness of any Receivable, the performance or enforcement
of any Receivable, the compliance by the Depositor or the Servicer with any
warranty or representation made under any Transaction Document or in any related
document or the accuracy of any such warranty or representation or any action of
the Indenture Trustee or the Servicer or any subservicer taken in the name of
the Owner Trustee.

      Section 6.7 Owner Trustee May Own Notes. The Owner Trustee in its
individual or any other capacity may become the owner or pledgee of Notes and
may deal with the Depositor, the Indenture Trustee and the Servicer in banking
transactions with the same rights as it would have if it were not Owner Trustee.

      Section 6.8 Licenses. The Depositor shall cause the Trust to use its best
efforts to obtain and maintain the effectiveness of any licenses required in
connection with this Agreement and the other Transaction Documents and the
transactions contemplated hereby and thereby until such time as the Trust shall
terminate in accordance with the terms hereof.

                                   ARTICLE VII

                          COMPENSATION OF OWNER TRUSTEE

      Section 7.1 Owner Trustee's Fees and Expenses. The Trust Company shall
receive as compensation for its services hereunder such fees as have been
separately agreed upon before the date hereof between the Servicer and the Trust
Company, and the Trust Company shall be entitled to be reimbursed by the
Servicer for its other reasonable expenses hereunder, including, but not limited
to, the reasonable compensation, expenses and disbursements of such agents,
representatives, experts and counsel as the Trust Company may employ in
connection with the exercise and performance of its or the Owner Trustee's
powers, rights or duties hereunder and under the Transaction Documents.

      Section 7.2 Indemnification. The Depositor shall be liable as primary
obligor for, and shall indemnify, defend and hold harmless the Trust Company and
its officers, directors, successors, assigns, agents and servants (collectively,
the "Indemnified Parties") from and against, any and all liabilities,
obligations, losses, damages, taxes, claims, actions and suits, and any and all
reasonable costs, expenses and disbursements (including reasonable legal fees
and expenses) of any kind and nature whatsoever (collectively, "Expenses") which
may at any time be imposed on, incurred by, or asserted against the Owner
Trustee or any Indemnified Party in any way relating to or arising out of this
Agreement, the Transaction Documents, the Issuer Trust Estate, the
administration of the Issuer Trust Estate or the action or inaction of the Owner
Trustee hereunder, except only that the Depositor shall not be liable for or
required to indemnify the Trust Company from and against Expenses arising or
resulting from any of the matters

                                       23

<PAGE>

described in clause (i) or (ii) of the third sentence of Section 6.1. The
indemnities, rights and obligations under this Section and Section 7.1 shall
survive the resignation or removal of the Owner Trustee or the termination of
this Agreement. In any event of any claim, action or proceeding for which
indemnity will be sought pursuant to this Section, the Owner Trustee's choice of
legal counsel shall be subject to the approval of the Depositor which approval
shall not be unreasonably withheld. The Servicer shall also provide
indemnification to the Indemnified Parties and Owner Trustee pursuant to, and to
the extent required by, Section 9.01 of the Sales and Servicing Agreement.

      Notwithstanding any other provision herein or elsewhere, to the extent
that amounts owed to the Trust Company or another Indemnified Party under
Section 7.1 or Section 7.2 are not paid promptly (and in any event within 30
days of demand therefor) by or on behalf of the Depositor in accordance with
Section 7.1 or Section 7.2, such amounts shall promptly be paid to the Trust
Company or other Indemnified Party by Bay View Acceptance in its capacity as
Servicer.

      Section 7.3 Payments to the Owner Trustee. Any amounts paid to the Owner
Trustee pursuant to this Article VII shall be deemed not to be a part of the
Issuer Trust Estate immediately after such payment.

      Section 7.4 Non-recourse Obligations. Notwithstanding anything in this
Agreement or any Transaction Document, the Owner Trustee agrees in its
individual capacity and in its capacity as Owner Trustee for the Trust that all
obligations of the Trust to the Owner Trustee individually or as Owner Trustee
of the Trust shall be (a) limited recourse obligations that will be paid only to
the extent of funds available to the Trust that are not needed to pay the
Noteholders and other Persons pursuant to the Indenture, (b) do not represent a
claim against the Trust under Section 101 of the Bankruptcy Code to the extent
funds are not available to pay such amounts, and (c) with recourse to the Issuer
Trust Estate only and specifically shall be without recourse to the assets of
the Certificateholder.

                                  ARTICLE VIII

                         TERMINATION OF TRUST AGREEMENT

      Section 8.1 Termination of Trust Agreement. (a) This Agreement shall
terminate and the Trust shall dissolve, be wound up and terminate in accordance
with Section 3808 of the Statutory Trust Statute and be of no further force or
effect upon the latest of (i) the maturity or other liquidation of the last
Receivable and the subsequent distribution of amounts in respect of such
Receivables as provided in the Transaction Documents and (ii) the payment to the
Certificateholder of all amounts required to be paid to it pursuant to this
Agreement, the payment to the Noteholders and other Persons all amounts owed to
them pursuant to the terms of the Indenture; provided, however, that the
indemnities, rights and obligations under Section 7.1 and Section 7.2 shall
survive the termination of the Trust. The Depositor or the Servicer shall
promptly notify the Owner Trustee and the Indenture Trustee of any prospective
termination pursuant to this Section. The bankruptcy, liquidation, dissolution,
death or incapacity of the Certificateholder, shall not (x) operate to dissolve
or terminate this Agreement or the Trust, nor (y) entitle the
Certificateholder's legal representatives or heirs to claim an accounting or to
take

                                       24

<PAGE>

any action or proceeding in any court for a partition or winding up of all or
any part of the Trust or Issuer Trust Estate nor (z) otherwise affect the
rights, obligations and liabilities of the parties hereto.

      (b) Neither the Depositor nor the Certificateholder shall be entitled to
revoke or terminate the Trust.

      (c) Notice of any termination of the Trust, specifying the Payment Date
upon which the Certificateholder shall surrender the Certificate to the
Indenture Trustee for payment of the final distribution and cancellation, shall
be given by the Owner Trustee by letter to the Certificateholder mailed within
five Business Days of receipt by the Owner Trustee of notice of such termination
from the Servicer given pursuant to Article XI of the Indenture, stating (i) the
Payment Date upon or with respect to which final payment of the Certificate
shall be made upon presentation and surrender of the Certificate at the office
of the Indenture Trustee therein designated, (ii) the amount of any such final
payment, (iii) that the Record Date otherwise applicable to such Payment Date is
not applicable, payments being made only upon presentation and surrender of the
Certificate at the office of the Indenture Trustee therein specified and (iv)
interest will cease to accrue on the Certificate. The Owner Trustee shall give
such notice to the Indenture Trustee at the time such notice is given to the
Certificateholder. Upon presentation and surrender of the Certificate, the
Indenture Trustee shall cause to be distributed to the Certificateholder any
amounts distributable on such Payment Date pursuant to the Indenture.

      In the event that the Certificateholder shall not surrender the
Certificate for cancellation within six months after the date specified in the
above mentioned written notice, the Owner Trustee shall give a second written
notice to the Certificateholder to surrender the Certificate for cancellation
and receive the final distribution with respect thereto. If within one year
after the second notice the Certificate shall not have been surrendered for
cancellation, the Owner Trustee may take appropriate steps, or may appoint an
agent to take appropriate steps, to contact the Certificateholder concerning
surrender of its Certificate, and the cost thereof shall be paid out of the
funds and other assets that shall remain subject to this Agreement. Any funds
remaining in the Trust after exhaustion of such remedies shall be distributed,
subject to applicable escheat laws, by the Indenture Trustee to the Holder.

      (d) Upon receipt of written notice from the Holder of the completion of
the winding up of the Trust in accordance with Section 3808 of the Statutory
Trust Statute and its termination, the Owner Trustee shall cause the Certificate
of Trust to be canceled by filing a certificate of cancellation with the
Secretary of State in accordance with the provisions of Section 3810 of the
Statutory Trust Statute.

                                   ARTICLE IX

             SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

      Section 9.1 Eligibility Requirements for Owner Trustee. The Owner Trustee
shall at all times be an entity (i) satisfying the provisions of Section 3807(a)
of the Statutory Trust Statute; (ii) authorized to exercise corporate trust
powers; (iii) having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state

                                       25

<PAGE>

authorities; (iv) acceptable to the Majority Holders in their sole discretion
(it being understood that Wilmington Trust Company, is acceptable to the
Majority Holders on the Closing Date); and (v) subject to supervision or
regulation by federal or State authorities. If such entity shall publish reports
of condition at least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for the purpose of this
Section, the combined capital and surplus of such entity shall be deemed to be
its combined capital and surplus as set forth in its most recent report of
condition so published. In case at any time the Owner Trustee shall cease to be
eligible in accordance with the provisions of this Section, the Owner Trustee
shall resign immediately in the manner and with the effect specified in Section
9.2.

      Section 9.2 Resignation or Removal of Owner Trustee. The Owner Trustee may
at any time resign and be discharged from the trusts hereby created by giving
written notice thereof to the Depositor, the Indenture Trustee, the Agent and
the Servicer. Upon receiving such notice of resignation, the Depositor shall
promptly appoint a successor Owner Trustee by written instrument, in duplicate,
one copy of which instrument shall be delivered to the resigning Owner Trustee
and one copy to the successor Owner Trustee. If no successor Owner Trustee shall
have been so appointed and have accepted appointment within 30 days after the
giving of such notice of resignation, the resigning Owner Trustee, at the
expense of the Depositor may petition any court of competent jurisdiction for
the appointment of a successor Owner Trustee; provided, however, that such right
to appoint or petition for the appointment of a successor shall in no event
relieve the resigning Owner Trustee from any obligations otherwise imposed on it
under the Transaction Documents until such successor has, in accordance with
Section 9.3, executed, acknowledged, and delivered an instrument accepting such
appointment under this Agreement.

      If at any time the Owner Trustee shall cease to be eligible in accordance
with the provisions of Section 9.1 and shall fail to resign after written
request therefor by the Depositor, or if at any time the Owner Trustee shall be
legally unable to act, or shall be adjudged bankrupt or insolvent, or a receiver
of the Owner Trustee or of its property shall be appointed, or any public
officer shall take charge or control of the Owner Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, then the
Depositor with the consent of the Majority Holders may remove the Owner Trustee.
If the Depositor shall remove the Owner Trustee under the authority of the
immediately preceding sentence, the Depositor shall promptly appoint a successor
Owner Trustee by written instrument, in duplicate, one copy of which instrument
shall be delivered to the outgoing Owner Trustee so removed, one copy to the
Indenture Trustee and one copy to the successor Owner Trustee, and shall pay all
fees owed to the outgoing Owner Trustee.

      Any resignation or removal of the Owner Trustee and appointment of a
successor Owner Trustee pursuant to any of the provisions of this Section shall
not become effective until acceptance of appointment by the successor Owner
Trustee pursuant to Section 9.3 and, in the case of a removal, payment of all
fees and expenses owed to the outgoing Owner Trustee in its individual capacity.

      Section 9.3 Successor Owner Trustee. Any successor Owner Trustee appointed
pursuant to Section 9.2 shall execute, acknowledge and deliver to the Depositor,
the Indenture Trustee, the Servicer, the Agent and to its predecessor Owner
Trustee an instrument accepting such appointment under this Agreement, and
thereupon the resignation or removal of the

                                       26

<PAGE>

predecessor Owner Trustee shall become effective and such successor Owner
Trustee, without any further act, deed or conveyance, shall become fully vested
with all the rights, powers, duties and obligations of its predecessor under
this Agreement, with like effect as if originally named as Owner Trustee. The
predecessor Owner Trustee shall upon payment of fees and expenses payable to it
in its individual capacity deliver to the successor Owner Trustee all documents
and statements and monies held by it under this Agreement; and the Depositor and
the predecessor Owner Trustee shall execute and deliver such instruments and do
such other things as may reasonably be required for fully and certainly vesting
and confirming in the successor Owner Trustee all such rights, powers, duties
and obligations.

      No successor Owner Trustee shall accept appointment as provided in this
Section unless at the time of such acceptance such successor Owner Trustee shall
be eligible pursuant to Section 9.1.

      Upon acceptance of appointment by a successor Owner Trustee pursuant to
this Section, the Servicer shall mail notice of the successor of such Owner
Trustee to the Certificateholder, the Indenture Trustee, the Depositor, the
Agent and the Noteholders. If the Servicer shall fail to mail such notice within
10 days after acceptance of appointment by the successor Owner Trustee, the
successor Owner Trustee shall cause such notice to be mailed at the expense of
the Servicer.

      Section 9.4 Merger or Consolidation of Owner Trustee. Any Person into
which the Trust Company may be merged or converted or consolidated, or any
entity resulting from any merger, conversion or consolidation to which the Trust
Company shall be a constituent entity, or any Person succeeding to all or
substantially all of the corporate trust business of the Trust Company, shall be
the successor Owner Trustee hereunder, without the execution or filing of any
instrument or any further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding provided such Person shall be eligible
pursuant to Section 9.1.

      Section 9.5 Appointment of Co-Trustee or Separate Trustee. Notwithstanding
any other provisions of this Agreement, at any time, for the purpose of meeting
any legal requirements of any jurisdiction in which any part of the Issuer Trust
Estate or any Financed Vehicle may at the time be located, the Servicer and the
Owner Trustee acting jointly shall have the power and authority and shall
execute and deliver all instruments to appoint one or more Persons approved by
the Owner Trustee and the Majority Holders to act as co-trustee, jointly with
the Owner Trustee, or separate trustee or separate trustees, of all or any part
of the Issuer Trust Estate, and to vest in such Person, in such capacity, such
title to the Trust, or any part thereof, and, subject to the other provisions of
this Section, such powers, duties, obligations, rights and trusts as the
Servicer and the Owner Trustee may consider necessary or desirable. If the
Servicer shall not have joined in such appointment within 15 days after the
receipt by it of a request so to do, the Owner Trustee subject to the approval
of the Majority Holders (which approval shall not be unreasonably withheld)
shall have the power and authority and be authorized to make such appointment.
No co-trustee or separate trustee under this Agreement shall be required to meet
the terms of eligibility as a successor trustee pursuant to Section 9.1 and no
notice of the appointment of any co-trustee or separate trustee shall be
required pursuant to Section 9.3.

                                       27

<PAGE>

      Each separate trustee and co-trustee shall, to the extent permitted by
law, be appointed and act subject to the following provisions and conditions:

            (i) all rights, powers, duties and obligations conferred or imposed
      upon the Owner Trustee shall be conferred upon and exercised or performed
      by the Owner Trustee and such separate trustee or co-trustee jointly (it
      being understood that such separate trustee or co-trustee is not
      authorized to act separately without the Owner Trustee joining in such
      act), except to the extent that under any law of any jurisdiction in which
      any particular act or acts are to be performed, the Owner Trustee shall be
      incompetent or unqualified to perform such act or acts, in which event
      such rights, powers, duties and obligations (including the holding of
      title to the Trust or any portion thereof in any such jurisdiction) shall
      be exercised and performed singly by such separate trustee or co-trustee,
      but solely at the direction of the Owner Trustee;

            (ii) no trustee under this Agreement shall be personally liable by
      reason of any act or omission of any other trustee under this Agreement;
      and

            (iii) the Servicer and the Owner Trustee acting jointly may at any
      time accept the resignation of or remove any separate trustee or
      co-trustee.

      Any notice, request or other writing given to the Owner Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees,
as effectively as if given to each of them. Every instrument appointing any
separate trustee or co-trustee shall refer to this Agreement and the conditions
of this Article. Each separate trustee and co-trustee, upon its acceptance of
the trusts conferred, shall be vested with the estates or property specified in
its instrument of appointment, either jointly with the Owner Trustee or
separately, as may be provided therein, subject to all the provisions of this
Agreement, specifically including every provision of this Agreement relating to
the conduct of, affecting the personal liability of, or affording protection to,
the Owner Trustee. Each such instrument shall be filed with the Owner Trustee
and a copy thereof given to the Servicer and the Agent.

      Any separate trustee or co-trustee may at any time appoint the Owner
Trustee as its agent or attorney-in-fact with full power and authority, to the
extent not prohibited by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Owner Trustee, to the extent permitted by law, without the appointment of a new
or successor trustee.

                                    ARTICLE X

                                  MISCELLANEOUS

      Section 10.1 Supplements and Amendments. (a) This Agreement may be amended
by the Depositor and the Trust Company with prior written notice to the Lender
Group Agents, without the consent of any of the Certificateholder or the
Noteholders, (i) to cure any ambiguity or defect or (ii) to correct, supplement
or modify any provisions in this Agreement; provided, however, that such action
shall not, as evidenced by an Opinion of Counsel which may be based

                                       28

<PAGE>

as to purely factual matters upon a certificate of the Servicer, adversely
affect in any material respect the interests of any Certificateholder or
Noteholder.

      (b) This Agreement may also be amended from time to time by the Depositor
and the Trust Company with prior written notice to the Lender Group Agents, to
the extent such amendment materially and adversely affects the interests of the
Noteholders, with the consent of the Noteholders evidencing not less than a
majority of the principal balance of the Notes, and the consent of the
Certificateholder (which consent of any Holder of a Certificate or Note given
pursuant to this Section or pursuant to any other provision of this Agreement
shall be conclusive and binding on such Holder) for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
this Agreement or of modifying in any manner the rights of the Certificateholder
or the Noteholders; provided, however, that no such amendment shall (a) increase
or reduce in any manner the amount of, or accelerate or delay the timing of,
collections of payments on Receivables or distributions that shall be required
to be made for the benefit of the Certificateholder or the Noteholders or (b)
reduce the aforesaid percentage of the principal balance of the Notes required
to consent to any such amendment, without the consent of the Holders of all the
outstanding Notes and the Certificateholder.

      Promptly after the execution of any such amendment or consent, the Owner
Trustee shall furnish written notification of the substance of such amendment or
consent to the Certificateholder, the Indenture Trustee and the Agent.

      It shall not be necessary for the consent of Certificateholder or the
Noteholders pursuant to this Section to approve the particular form of any
proposed amendment or consent, but it shall be sufficient if such consent shall
approve the substance thereof. The manner of obtaining such consents (and any
other consents of the Certificateholder provided for in this Agreement or in any
other Transaction Document) and of evidencing the authorization of the execution
thereof by Certificateholder shall be subject to such reasonable requirements as
the Owner Trustee may prescribe. Promptly after the execution of any amendment
to the Certificate of Trust, the Owner Trustee shall cause the filing of such
amendment with the Secretary of State.

      Prior to the execution of any amendment to this Agreement or the
Certificate of Trust, the Owner Trustee (as such and in its individual capacity)
shall be entitled to receive and rely upon an Opinion of Counsel stating that
the execution of such amendment is authorized or permitted by this Agreement and
that all conditions precedent to the execution and delivery of such amendment
have been satisfied. The Owner Trustee (as such and in its individual capacity)
may, but shall not be obligated to, enter into any such amendment which affects
the Owner Trustee's or the Trust Company's own rights, powers, authority,
duties, benefits protection privileges, indemnities or immunities under this
Agreement or otherwise. Notwithstanding any other provision herein or elsewhere,
no amendment, supplement, waiver, or consent of or with respect to any of the
Transaction Documents that affects any right, power, authority, duty, benefit,
protection, privilege, immunity, or indemnity of the Owner Trustee or the Trust
Company shall be binding on the Owner Trustee or the Trust Company unless the
Owner Trustee and the Trust Company shall have expressly consented thereto in
writing.

      Section 10.2 No Legal Title to Issuer Trust Estate in Certificateholder.
The Certificateholder shall not have legal title to any part of the Issuer Trust
Estate. The

                                       29

<PAGE>

Certificateholder shall be entitled to receive distributions in accordance with
Article VIII. No transfer, by operation of law or otherwise, of any right, title
or interest of the Certificateholder to and in its ownership interest in the
Issuer Trust Estate shall operate to terminate this Agreement or dissolve the
trust hereunder or entitle any transferee to an accounting or to the transfer to
it of legal title to any part of the Issuer Trust Estate.

      Section 10.3 Limitations on Rights of Others. The provisions of this
Agreement are solely for the benefit of the Owner Trustee, the Trust Company,
the Depositor, the Certificateholders, the Servicer and, to the extent expressly
provided herein, the Lender Group Agents, the Indenture Trustee and the
Noteholders, and nothing in this Agreement, whether express or implied, shall be
construed to give to any other Person any legal or equitable right, remedy or
claim in the Issuer Trust Estate or under or in respect of this Agreement or any
covenants, conditions or provisions contained herein.

      Section 10.4 Notices. (a) Unless otherwise expressly specified or
permitted by the terms hereof, all notices and communications shall be in
writing and shall be deemed given upon receipt personally delivered, delivered
by overnight courier or mailed first class mail or certified mail, in each case
return receipt requested, and shall be deemed to have been duly given upon
receipt, if to the Owner Trustee, addressed to the Corporate Trust Office; if to
the Depositor, at such other address as shall be designated in the Sale and
Servicing Agreement or by such party in a written notice to each other party.

      (b) Any notice required or permitted to be given to a Certificateholder
shall be given by personal delivery, overnight courier or first-class mail,
postage prepaid, at the address of the Holder. Any notice so mailed within the
time prescribed in this Agreement shall be conclusively presumed to have been
duly given, whether or not the Certificateholder receives such notice.

      Section 10.5 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

      Section 10.6 Separate Counterparts. This Agreement may be executed by the
parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.

      Section 10.7 Assignments. This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective successors and permitted
assigns. Any request, notice, direction, consent, waiver or other instrument or
action by a Holder shall bind the successors and assigns of such Holder.

      Section 10.8 No Recourse. The Certificateholder by accepting the
Certificate acknowledges that the Certificate represents a beneficial interest
in the Trust only and does not represent interests in or obligations of the
Depositor, the Servicer, the Owner Trustee (as such or in its individual
capacity), the Indenture Trustee, the Lender Group Agents or any Affiliate
thereof and no recourse may be had against such Persons or their assets, except
as may be

                                       30

<PAGE>

expressly set forth or contemplated in this Agreement, the Certificate or the
Transaction Documents to which they are a party.

      Section 10.9 Headings. The headings of the various Articles and Sections
herein are for convenience of reference only and shall not define or limit any
of the terms or provisions hereof.

      Section 10.10 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, 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 10.11 Servicer. Servicer has power and authority and is authorized
to prepare, or cause to be prepared, execute, file and deliver on behalf of the
Trust all such documents, reports, filings, instruments, certificates and
opinions as it shall be the duty, or within the power, of the Trust or Owner
Trustee to prepare or cause to be prepared, execute, file or deliver pursuant to
the Transaction Documents. Upon written request, the Owner Trustee shall execute
and deliver to the Servicer a limited power of attorney appointing the Servicer
the Trust's agent and attorney-in-fact to prepare, or cause to be prepared,
execute, file and deliver all such documents, reports, filings, instruments,
certificates and opinions.

      Section 10.12 No Petition. The Owner Trustee (in its individual capacity
and as Owner Trustee), by entering into this Agreement, the Depositor, by
entering into this Agreement, each Certificateholder, by accepting a
Certificate, and the Indenture Trustee, the Agent and each Noteholder by
accepting the benefits of this Agreement, hereby covenants and agrees that they
will not at any time institute against the Depositor, the Trust or any
Noteholder, or join in any institution against the Depositor, the Trust or any
Noteholder of, any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings, or other proceedings under any federal or state
bankruptcy or similar law in connection with any obligations relating to the
Certificate, the Notes, this Agreement or any of the Transaction Documents.

                  [Remainder of page intentionally left blank.]

                                       31

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to
be duly executed by their respective officers hereunto duly authorized as of the
day and year first above written.

                                    WILMINGTON TRUST COMPANY
                                     Owner Trustee

                                    By: /s/ Anita E. Dallago
                                        ----------------------------------------
                                        Name: Anita E. Dallago
                                        Title: Senior Financial Services Officer

                        SIGNATURE PAGE TO TRUST AGREEMENT

<PAGE>

                                              BAY VIEW WAREHOUSE CORPORATION
                                                Depositor

                                              By: /s/ John K. Okubo
                                                  ------------------------------
                                                  Name: John K. Okubo
                                                  Title: Chief Financial Officer

                        SIGNATURE PAGE TO TRUST AGREEMENT

<PAGE>

ACKNOWLEDGED AND AGREED:

BAY VIEW ACCEPIANCE CORPORATION

By: /s/ John K. Okubo
    ------------------------------
    Name: John K. Okubo
    Title: Chief Financial Officer

                        SIGNATURE PAGE TO TRUST AGREEMENT

<PAGE>

                                                                       EXHIBIT A

Number
R-1

                                   CERTIFICATE

evidencing a beneficial ownership interest in certain distributions of the
Trust, as defined below, the property of which includes a pool of retail
installment sale contracts secured by new or used automobiles, vans or light
duty trucks and sold to the Trust by the Depositor and the assets related
thereto.

      This Certificate is not transferable, except under the limited conditions
specified in the Trust Agreement.

(THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE
DEPOSITOR OR ANY OF ITS AFFILIATES, EXCEPT TO THE EXTENT DESCRIBED BELOW.)

      This certifies that Bay View Warehouse Corporation, a Delaware
corporation, is the registered owner of a nonassessable, fully-paid, beneficial
ownership interest in Bay View 2005 Warehouse Trust (the "Trust") formed by Bay
View Warehouse Corporation, a Delaware corporation (the "Depositor").

      The Trust was created pursuant to a Trust Agreement dated as of June 20,
2005 (as amended and restated from time to time, the "Trust Agreement"), between
the Depositor and Wilmington Trust Company, as owner trustee (the "Owner
Trustee"), a summary of certain of the pertinent provisions of which is set
forth below. To the extent not otherwise defined herein, the capitalized terms
used herein have the meanings assigned to them in the Trust Agreement.

      This is the duly authorized Certificate designated as "Certificate"
(herein called the "Certificate"). Also issued under the Indenture, dated as of
June 20, 2005, among the Trust and JPMorgan Chase Bank, N.A., as indenture
trustee, are one class of Automobile Receivables-Backed Notes, Series 2005-1,
(the "Notes"). This Certificate is issued under and is subject to the terms,
provisions and conditions of the Trust Agreement, to which Trust Agreement the
holder of this Certificate by virtue of the acceptance hereof assents and by
which such holder is bound. The property of the Trust includes a pool of retail
installment sale contracts secured by new and used automobiles, vans, sport
utility vehicles or light duty trucks (the "Receivables"), all monies due
thereunder on or after Initial Cutoff Date, security interests in the vehicles
financed thereby, certain bank accounts and the proceeds thereof, proceeds from
claims on certain insurance policies and certain other rights under the Trust
Agreement and the Sale and Servicing Agreement, all right to, and interest of
the Depositor in and to the Contribution Agreement dated as of June 20, 2005,
between Bay View Acceptance Corporation and the Depositor and all proceeds of
the foregoing.

      The Holder of this Certificate acknowledges and agrees that its rights to
receive distributions in respect of this Certificate are subordinated to the
rights of the Noteholders as described in the Sale and Servicing Agreement, the
Indenture, the Trust Agreement and the Transaction Documents, as applicable.

                                       A-1

<PAGE>

                                                                       EXHIBIT A

      Distributions on this Certificate will be made as provided in the Trust
Agreement by wire transfer or check mailed to the Certificateholder without the
presentation or surrender of this Certificate or the making of any notation
hereon. Except as otherwise provided in the Trust Agreement and notwithstanding
the above, the final distribution on this Certificate will be made after due
notice by the Owner Trustee of the pendency of such distribution and only upon
presentation and surrender of this Certificate at the office or agency
maintained for the purpose by the Indenture Trustee in New York, New York.

      The Certificate does not represent an obligation of, or an interest in,
the Depositor, the Servicer, the Owner Trustee (as such or in its individual
capacity) or any Affiliates of any of them and no recourse may be had against
such parties or their assets, except as may be expressly set forth or
contemplated herein or in the Trust Agreement, the Indenture or the Transaction
Documents to which they are a party. In addition, this Certificate is not
guaranteed by any governmental agency or instrumentality and is limited in right
of payment to certain collections with respect to the Receivables, all as more
specifically set forth herein and in the Indenture and the Sale and Servicing
Agreement and the Transaction Documents. A copy of each of the Indenture, the
Sale and Servicing Agreement and the Trust Agreement may be examined during
normal business hours at the principal office of the Depositor, and at such
other places, if any, designated by the Depositor, by any Certificateholder upon
written request.

      The Trust Agreement permits, with certain exceptions therein provided, the
amendment thereof and the modification of the rights and obligations of the
Depositor under the Trust Agreement at any time by the Depositor and the Owner
Trustee with the consent of the Noteholders and the Certificateholder. Any such
consent by the Holder of this Certificate shall be conclusive and binding on
such Holder and on all future Holders of this Certificate and of any Certificate
issued upon the transfer hereof or in exchange hereof or in lieu hereof whether
or not notation of such consent is made upon this Certificate. The Trust
Agreement also permits the amendment thereof, in certain limited circumstances,
without the consent of the Certificateholder or the Noteholders.

      As provided in the Trust Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registerable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices or agencies of the Certificate Registrar maintained by
the Certificate Registrar in New York, New York, accompanied by a written
instrument of transfer in form satisfactory to the Owner Trustee and the
Certificate Registrar duly executed by the holder hereof or such holder's
attorney duly authorized in writing, and thereupon a new Certificate evidencing
the same aggregate interest in the Trust will be issued to the designated
transferee. The initial Certificate Registrar appointed under the Trust
Agreement is JPMorgan Chase Bank, N.A. No service charge will be made for any
such registration of transfer or exchange, but the Owner Trustee or the
Certificate Registrar may require payment of a sum sufficient to cover any tax
or governmental charge payable in connection therewith.

      The Owner Trustee and any agent of the Owner Trustee may treat the person
in whose name this Certificate is registered as the owner hereof for all
purposes, and neither of the Owner Trustee nor any such agent shall be affected
by any notice to the contrary.

                                       A-2

<PAGE>

                                                                       EXHIBIT A

      The obligations and responsibilities created by the Trust Agreement and
the Trust created thereby shall terminate upon the payment to the
Certificateholder of all amounts required to be paid to it pursuant to the Trust
Agreement and the Indenture and the disposition of all property held as part of
the Trust.

      The Certificate may not be acquired by (a) an employee benefit plan (as
defined in Section 3(3) of ERISA) that is subject to the provisions of Title I
of ERISA, (b) a plan (as defined in Section 4975(e)(1) of the Code) that is
subject to subject to Section 4975 or (c) any entity whose underlying assets
include assets of a plan described in (a) or (b) above by reason of such plan's
investment in the entity (each, a "Benefit Plan"). By accepting and holding this
Certificate, the Holder hereof shall be deemed to have represented and warranted
that it is not a Benefit Plan.

      The recitals contained herein shall be taken as the statements of the
Depositor or the Servicer, as the case may be, and the Owner Trustee assumes no
personal responsibility for the correctness thereof. The Owner Trustee makes no
representations as to the validity or sufficiency of this Certificate or of any
Receivable or related document.

      Unless the certificate of authentication hereon shall have been executed
by an authorized officer of the Owner Trustee, by manual or facsimile signature,
this Certificate shall not entitle the Holder hereof to any benefit under the
Trust Agreement, the Indenture or the Sale and Servicing Agreement or be valid
for any purpose.

      THIS CERTIFICATE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF DELAWARE, 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.

      TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN RESTRICTIONS SET FORTH
IN SECTION 3.8 OF THE TRUST AGREEMENT.

                                       A-3

<PAGE>

                                                                       EXHIBIT A

      IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust and not in
its individual capacity, has caused this Certificate to be duly executed.

                                 BAY VIEW 2005 WAREHOUSE TRUST

                                 By: WILMINGTON TRUST COMPANY, not in
                                     its individual capacity but solely as Owner
                                     Trustee

Dated:  ________________________    By ____________________________________

                                       A-4

<PAGE>

                                                                       EXHIBIT A

      OWNER TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is the Certificate referred to in the within-mentioned Trust Agreement.

                                               WILMINGTON TRUST COMPANY,
                                             not in its individual capacity
                                              but solely as Owner Trustee

                                        By: ____________________________________

                                       A-5

<PAGE>

                                                                       EXHIBIT A

                                   ASSIGNMENT

      FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers
unto

PLEASE INSERT SOCIAL SECURITY
OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE

________________________________________________________________________________
(Please print or type name and address, including postal zip code, of assignee)

________________________________________________________________________________
the within Certificate, and all rights thereunder, hereby irrevocably
 constituting and appointing

____________________________________ Attorney to transfer said Certificate on
the books of the Certificate Registrar, with full power of substitution in the
premises.

Dated:                                  _______________________________________*
                                         Signature

Guaranteed:                             _______________________________________*

-------------------
*Notice: 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
         whatever. Such signature must be guaranteed by an "eligible guarantor
         institution" meeting the requirements of the Certificate Registrar,
         which requirements include membership or participation in STAMP or such
         other "signature guarantee program" as may be determined by the
         Certificate Registrar in addition to, or in substitution for, STAMP,
         all in accordance with the Securities Exchange Act of 1934, as amended.

                                       A-6

<PAGE>

                                    EXHIBIT B

                                     FORM OF

                              CERTIFICATE OF TRUST

                                       OF

                          BAY VIEW 2005 WAREHOUSE TRUST

      THIS Certificate of Trust of BAY VIEW 2005 WAREHOUSE TRUST (the "Trust")
is being duly executed and filed on behalf of the Trust by the undersigned, as
owner trustee, to form a statutory trust under the Delaware Statutory Trust Act
(12 Del. C. Section 3801 et seq.) (the "Act").

      1. Name. The name of the statutory trust formed by this Certificate of
Trust is "Bay View 2005 Warehouse Trust."

      2. Delaware Trustee. The name and business address of a trustee of the
Trust having its principal place of business in the State of Delaware is One
Rodney Square North, 1100 Market Street, Wilmington, Delaware 19890-0001.

      3. Effective Date. This Certificate of Trust shall be effective upon
filing.

      IN WITNESS WHEREOF, the undersigned has duly executed this Certificate of
Trust in accordance with Section 3811(a)(1) of the Act.

                                               WILMINGTON TRUST COMPANY,
                                             not in its individual capacity
                                              but solely as Owner Trustee

                                        By: ____________________________________

                                       B-1<PAGE>

                                                                    EXHIBIT 10.2

                                                                  EXECUTION COPY

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

                             CONTRIBUTION AGREEMENT

                                 by and between

                        BAY VIEW ACCEPTANCE CORPORATION,
                                 as Contributor,

                                       and

                         BAY VIEW WAREHOUSE CORPORATION,
                                  as Depositor

                    ________________________________________

                            Dated as of June 20, 2005

                    ________________________________________

                               UP TO $450,000,000

                           WAREHOUSE FUNDING FACILITY

                    ________________________________________

<PAGE>

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
SECTION                                              HEADING                                                           PAGE
<S>                                                                                                                    <C>
CONTRIBUTION AGREEMENT............................................................................................       1

ARTICLE I              CERTAIN DEFINITIONS........................................................................       1

ARTICLE II             TRANSFER AND ACQUISITION OF RECEIVABLES....................................................       2

       Section 2.01.   Transfer and Acquisition of Receivables....................................................       2
       Section 2.02.   The Closing................................................................................       4
       Section 2.03.   Funding Dates..............................................................................       4

ARTICLE III            REPRESENTATIONS AND WARRANTIES.............................................................       4

       Section 3.01.   Representations, Warranties  and Covenants of the Depositor................................       4
       Section 3.02.   Representations, Warranties and Covenants of the Contributor...............................       6
       Section 3.03.   Repurchase of Receivables..................................................................      19
       Section 3.04.   Depositor's Assignment of Repurchased Receivables..........................................      21
       Section 3.05.   Survival of Representations and Warranties.................................................      21

ARTICLE IV             CONDITIONS.................................................................................      21

       Section 4.01.   Conditions to Obligation of the Depositor..................................................      21
       Section 4.02.   Conditions to Obligation of the Contributor................................................      23

ARTICLE V              COVENANTS OF THE CONTRIBUTOR...............................................................      25

       Section 5.01.   Protection of Right, Title and Interest....................................................      25
       Section 5.02.   Other Liens or Interest....................................................................      26
       Section 5.03.   Principal Executive Office; Jurisdiction of Organization...................................      26
       Section 5.04.   Costs and Expenses.........................................................................      26
       Section 5.05.   No Waiver..................................................................................      27
       Section 5.06.   Contributor's Records......................................................................      27
       Section 5.07.   Cooperation by Contributor.................................................................      27
       Section 5.08.   Notice of Breach...........................................................................      27

ARTICLE VI             INDEMNIFICATION............................................................................      28

       Section 6.01.   Indemnification ...........................................................................      28

ARTICLE VII            MISCELLANEOUS..............................................................................      29

       Section 7.01.   Obligations of Contributor.................................................................      29
       Section 7.02.   Subsequent Transfer and Pledge.............................................................      29
       Section 7.03.   Amendment..................................................................................      29
       Section 7.04.   Waivers....................................................................................      29
       Section 7.05.   Notices....................................................................................      30
       Section 7.06.   Representations............................................................................      30
       Section 7.07.   Headings and Cross-References..............................................................      30
</TABLE>

                                      -i-
<PAGE>

<TABLE>
<S>                                                                                                                    <C>
       Section 7.08.   Governing Law..............................................................................      30
       Section 7.09.   Counterparts...............................................................................      30
       Section 7.10.   No Bankruptcy Petition Against the Depositor or the Issuer or Any Noteholder...............      30
       Section 7.11.   Third Party Beneficiaries..................................................................      30
       Section 7.12.   Material Adverse Effect....................................................................      31
       Section 7.13.   TRIAL BY JURY WAIVED.......................................................................      31
       Section 7.14.   CONSENTS TO JURISDICTION...................................................................      31
       Section 7.15.   Severability of Provisions.................................................................      32
       Section 7.16.   Rights Cumulative..........................................................................      32
       Section 7.17.   No Offset..................................................................................      32
       Section 7.18.   Assignment and Binding Effect..............................................................      32
       Section 7.19.   Captions...................................................................................      32
       Section 7.20.   Legal Holidays.............................................................................      32
       Section 7.21.   Relationship of the Parties................................................................      33
       Section 7.22.   Reports to Holders.........................................................................      33
       Section 7.23.   Integration; Binding Effect; Survival of Terms.............................................      33

EXHIBIT A  -  FORM OF CONTRIBUTOR ASSIGNMENT......................................................................     A-1
EXHIBIT B  -  FORM OF CONTRACT....................................................................................     B-1
EXHIBIT C  -  CONTRIBUTOR'S UNDERWRITING GUIDELINES...............................................................     C-1
</TABLE>

                                      -ii-
<PAGE>

                             CONTRIBUTION AGREEMENT

      THIS CONTRIBUTION AGREEMENT (the "Agreement") is made as of this 20th day
of June, 2005, by and between BAY VIEW ACCEPTANCE CORPORATION, a Nevada
corporation (the "Contributor"), and BAY VIEW WAREHOUSE CORPORATION, a
corporation established under the laws of the State of Delaware (the
"Depositor"), having its principal place of business in San Mateo, California.

      WHEREAS, the Contributor has acquired and will acquire in the ordinary
course of business, certain Receivables, secured by a security interest granted
by the related Obligors in the related Financed Vehicles; and

      WHEREAS, the Contributor and the Depositor wish to set forth the terms and
provisions pursuant to which the Receivables are to be transferred by the
Contributor to the Depositor on the Closing Date and on each Funding Date, which
Receivables will then be transferred from the Depositor to Bay View 2005
Warehouse Trust (the "Issuer") and then granted by the Issuer to JPMorgan Chase
Bank, N.A., as indenture trustee (the "Indenture Trustee") for the benefit of
the Noteholders (the "Noteholders"), pursuant to the terms of that certain
Indenture dated of even date herewith (as amended, restated, supplemented or
otherwise modified from time to time, the "Indenture") by and between the Issuer
and the Indenture Trustee.

      NOW, THEREFORE, in consideration of the mutual covenants contained herein,
and other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto agree as follows:

                                    ARTICLE I

                               CERTAIN DEFINITIONS

      Capitalized terms used but not defined in this Agreement shall have the
meanings set forth in the Indenture or, if not defined therein, in the Sale and
Servicing Agreement. As used in this Agreement, the following terms shall,
unless the context otherwise requires, have the following meanings (such
meanings to be equally applicable to the singular and plural forms of such terms
and to the masculine, feminine and neuter genders of such terms):

      "Assignments" mean, collectively, the Contributor Assignment and the
Depositor Assignment, or either one.

      "Contributed Assets" means, with respect to each Receivable all right,
title and interest of the Contributor in, to and under (i) the security interest
in the related Financed Vehicle Granted by the related Obligor pursuant to such
Receivable and any accessions thereto, and other interests of the Contributor in
the Financed Vehicles and accessions including, without limitation, the related
Certificate of Title; (ii) any service warranties and service contracts and any
physical damage, credit life, risk default, disability, gap or other insurance
policies covering the related Financed Vehicle or the related Obligor or refunds
in connection therewith relating to

<PAGE>

Receivables (including, without limitation, state tax refunds) and any proceeds
from liquidation of the Receivables or Financed Vehicles received after the
related Cutoff Date; (iii) all property (including the right to receive future
Recoveries) that shall secure a Receivable; (iv) the rights that relate to a
Receivable under each Dealer Agreement, including, but not limited to, any
recourse against any Dealer; (v) rebates or refunds of premiums and other
amounts relating to insurance policies and other items financed under the
Receivables or otherwise covering an Obligor or a Financed Vehicle; (vi) the
original retail installment contract and security agreement and any amendments
thereof evidencing the Receivables; (vii) all documentation in the Custodian
File and other documents maintained by the Contributor according to its
customary procedures with respect to Receivables, Financed Vehicles or Obligors;
and (viii) the proceeds of any and all of the foregoing including all proceeds
of the conversion, voluntary or involuntary, of any of the foregoing into cash
or other property whether now or hereafter arising.

      "Contributor Address " means 818 Oak Park Road, Covina, CA 91724.

      "Contributor Assignment" means the document of assignment substantially in
the form attached to this Agreement as Exhibit A.

      "Custodian File" shall have the meaning assigned to it in Section 4.01(d).

      "Depositor Address" means 818 Oak Park Road, Covina, CA 91724.

      "Initial Receivable" means each Receivable listed on Schedule I hereto,
each of which was contributed to the Depositor by the Contributor and then
transferred from the Depositor to the Issuer and a security interest in which
was simultaneously granted by the Issuer to the Indenture Trustee on the Closing
Date.

      "Receivables Purchase Price" means the amount paid to the Contributor
under this Agreement or to the Depositor under the Sale and Servicing Agreement,
which amount shall be equal to the Receivables Advance Amount paid to the Issuer
under the Indenture.

      "Subsequent Receivable" means, with respect to each Funding Date, each
Receivable listed on Schedule I to the related Contributor Assignment, each of
which was contributed to the Depositor by the Contributor and then transferred
from the Depositor to the Issuer on such Funding Date.

                                   ARTICLE II

                     TRANSFER AND ACQUISITION OF RECEIVABLES

      Section 2.01. Transfer and Acquisition of Receivables. On the Closing Date
and on each Funding Date, subject to the terms and conditions of this Agreement,
the Contributor agrees to transfer to the Depositor, and the Depositor agrees to
acquire from the Contributor, the Initial Receivables and the related Subsequent
Receivables, respectively, and the Contributed Assets relating thereto.

                                      -2-
<PAGE>

      (a) Initial Transfer of Receivables. On the Closing Date, simultaneously
with the transactions set forth in the Indenture and the Sale and Servicing
Agreement, the Contributor shall transfer to the Depositor, without recourse
except as set forth herein (i) the Initial Receivables, and all moneys received
thereon on or after the Initial Cutoff Date; and (ii) the related Contributed
Assets.

      (b) Consideration for Initial Receivables. In consideration of the
Receivables and the related Contributed Assets described in Section 2.01(a), the
Contributor shall, on the Closing Date, receive (i) an amount equal to the
Receivables Purchase Price in immediately available funds to the extent of the
net proceeds received from the Noteholders from the sale of the Notes under the
Note Purchase Agreement, and (ii) to the extent that the value of such
Contributed Assets exceeds such Receivables Purchase Price, an increase in the
value of the stock of the Depositor, which is a wholly-owned subsidiary of the
Contributor.

      (c) Transfer of Subsequent Receivables. On each Funding Date, the
Contributor shall transfer to the Depositor, without recourse except as set
forth herein (i) the related Subsequent Receivables, and all moneys received
thereon on or after the applicable Cutoff Date and (ii) the related Contributed
Assets; provided, however, that Subsequent Receivables may not be transferred by
the Contributor to the Depositor and then transferred from the Depositor to the
Issuer, or a security interest granted by the Issuer to the Indenture Trustee
unless each of the conditions precedent in Section 2.12 of the Indenture has
been satisfied.

      (d) Consideration for Subsequent Receivables. Upon two (2) Business Days'
prior written notice given by the Depositor to the Issuer and then from the
Issuer to the Indenture Trustee, the Depositor shall cause the Issuer to cause
the Indenture Trustee, on the applicable Funding Date, to pay to the Issuer
which will pay the Depositor which will pay the Contributor an amount equal to
the Receivables Purchase Price with respect to the related Subsequent
Receivables in immediately available funds to the extent of the net proceeds
received from the Noteholders from the sale of Additional Note Principal
Balances. To the extent that the value of any such Subsequent Receivables
exceeds the Receivables Purchase Price with respect thereto, the Depositor shall
receive an increase in the value of its ownership interest in the Issuer, and
the Contributor shall receive an increase in the value of the stock of the
Depositor, which is a wholly-owned subsidiary of the Contributor.

      (e) Transfer. It is the intention of the Contributor and the Depositor
that each transfer hereunder constitute an absolute transfer of the Receivables
and the related Contributed Assets from the Contributor to the Depositor with
the intention of removing them from the Contributor's estate pursuant to Section
541 of the United States Bankruptcy Code, as the same may be amended from time
to time, or any successor provision thereto. If, notwithstanding the express
intention of the parties, this Agreement is deemed not to constitute an absolute
transfer of the Receivables and the Contributed Assets from the Contributor to
the Depositor, this Agreement shall be deemed to be a security agreement within
the meaning of Article 8 and Article 9 of the Uniform

                                      -3-
<PAGE>

      Commercial Code as in effect in the State of New York, and the conveyance
      provided for in this Section 2.01 shall be deemed to be a grant by the
      Contributor to the Depositor of a valid first priority perfected security
      interest in all of the Contributor's right, title and interest in and to
      the Receivables and the Contributed Assets.

      Section 2.02. The Closing. The transfer of the Initial Receivables from
the Contributor to the Depositor shall take place at a closing (the "Closing")
on the Closing Date, simultaneously with the transfer of such Initial
Receivables from the Depositor to the Issuer and the grant by the Issuer of all
of its right, title and interest in and to the Initial Receivables and related
Contributed Assets to the Indenture Trustee for the benefit of the Noteholders,
and the issuance of the Notes pursuant to the Indenture.

      Section 2.03. Funding Dates. The transfer of Subsequent Receivables on a
Funding Date shall take place at such location as the Contributor, the
Depositor, the Issuer and the Indenture Trustee may reasonably agree. The
transfer of Subsequent Receivables shall be made in accordance with Sections
2.12 through 2.14 of the Indenture pursuant to which (a) the Contributor will
transfer all of its right, title and interest in and to the Subsequent
Receivables and the related Contributed Assets to the Depositor, (b) the
Depositor will transfer all of its right, title and interest in and to the
Subsequent Receivables and the related Deposited Assets to the Issuer, and (c)
the Issuer will confirm the grant of all of its right, title and interest in and
to such Subsequent Receivables and the related Contributed Assets to the
Indenture Trustee for the benefit of the Noteholders, the Agent and the
Financial Institutions.

                                   ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

      Section 3.01. Representations, Warranties and Covenants of the Depositor.
The Depositor hereby represents and warrants to the Contributor, and in the case
of (g) below, makes the following covenants for the benefit of the Contributor,
as of the Closing Date and each Funding Date:

            (a) Organization, Etc. The Depositor is a corporation duly
      organized, validly existing and in good standing under the laws of the
      State of Delaware with full power and authority to execute and deliver
      this Agreement and to perform the terms and provisions hereof; the
      Depositor is duly qualified to do business as a foreign business entity in
      good standing, and has obtained all required licenses and approvals, if
      any, in all jurisdictions in which the ownership or lease of property or
      the conduct of its business (including, without limitation, the purchase
      of the Receivables from the Contributor hereunder and under each
      Contributor Assignment, the conveyance of the Receivables by the Depositor
      pursuant to the Sale and Servicing Agreement and each Depositor
      Assignment, and the performance of its other obligations under this
      Contribution Agreement, the Sale and Servicing Agreement, each Assignment
      and the other Transaction Documents to which it is a party) requires such
      qualifications except those jurisdictions in which failure to be so
      qualified would not have a material adverse effect on the business or
      operations of the Depositor, on the ability of the Depositor to perform
      its obligations under the Transaction

                                      -4-
<PAGE>

      Documents or on the Noteholders, the Issuer, the Receivables or any other
      part of the Trust Estate.

            (b) Due Authorization. The execution, delivery and performance by
      the Depositor of this Agreement have been duly authorized by all necessary
      corporate or other action, do not require any approval or consent of any
      Person, do not and will not conflict with any provision of the Certificate
      of Incorporation or By-laws of the Depositor, and do not and will not
      conflict with or result in a breach which would constitute (with or
      without notice or lapse of time) a default under any agreement, indenture,
      mortgage, deed of trust, or other instrument binding upon or applicable to
      it or its property or any law or governmental regulation or court decree
      applicable to it or its property, do not and will not result in the
      creation or imposition of any Lien upon any of its properties pursuant to
      the terms of any indenture, agreement, mortgage, deed of trust, or other
      instrument (other than as expressly provided in the Transaction
      Documents), and this Agreement is the legal, valid and binding obligation
      of the Depositor enforceable in accordance with its terms except as the
      same may be limited by insolvency, bankruptcy, reorganization or other
      laws relating to or affecting the enforcement of creditors' rights or by
      general equity principles.

            (c) No Proceedings. There are no proceedings or investigations
      pending, or to the Depositor's knowledge, threatened, before any court,
      regulatory body, administrative agency or other governmental
      instrumentality having jurisdiction over the Depositor or its properties:
      (A) asserting the invalidity of this Contribution Agreement, any
      Assignment, the Sale and Servicing Agreement, the Notes, or any other
      Transaction Document; (B) seeking to prevent the issuance of the Notes or
      the consummation of any of the transactions contemplated by this
      Contribution Agreement, any Assignment, the Sale and Servicing Agreement
      or any other Transaction Document to which it is a party; (C) seeking any
      determination or ruling that might materially and adversely affect the
      performance by the Depositor of its obligations under, or the validity or
      enforceability of, this Contribution Agreement, any Assignment, the Sale
      and Servicing Agreement, the Notes or any other Transaction Document to
      which it is a party; (D) which might adversely affect the federal or state
      income, excise, franchise or similar tax attributes of the Notes; or (E)
      that could reasonably be expected to have a material adverse effect on the
      Receivables.

            (d) Business Purpose. The Depositor will acquire the Receivables for
      a bona fide business purpose and has undertaken the transactions
      contemplated herein as principal rather than as agent for the Contributor
      or any other person.

            (e) Depositor's Records. The books and records of the Depositor will
      disclose that the Contributor made a valid assignment of the Receivables
      to the Depositor; provided, however, the Depositor acknowledges that,
      solely for the purposes of generally accepted accounting principles, the
      Receivables will appear as assets of the Contributor and its consolidated
      subsidiaries in the consolidated financial statements of such Persons
      (which financial statements will include a footnote stating that the
      Receivables are not available to satisfy the Contributor's creditors).

                                      -5-
<PAGE>

            (f) Depositor's Address. The Depositor Address is, and has been
      since its date of incorporation, the chief place of business and the
      office where the Depositor keeps its records concerning the Receivables
      and the Contributed Assets. The Depositor's chief executive office is and
      has been since its date of incorporation 1840 Gateway Drive, Suite 401,
      San Mateo, California 94404. The Depositor's jurisdiction of incorporation
      is, and has been since its date of incorporation, Delaware.

            (g) Taxes. All tax returns or extensions required to be filed by the
      Depositor in any jurisdiction (other than jurisdictions in which the
      failure to file would not have a material adverse effect on the Depositor,
      the Depositor's ability to perform its obligations under the Transaction
      Documents, any Noteholder or any Receivable or any other part of the Trust
      Estate) have in fact been filed, and all taxes, assessments, fees and
      other governmental charges upon the Depositor, or upon any of the
      properties, income or franchises shown to be due and payable on such
      returns have been, or will be, paid or are being contested in good faith
      by appropriate proceedings with respect to which the Agent has received
      written notice. To the knowledge of the Depositor, all such tax returns
      are true and correct and the Depositor has no knowledge of any proposed
      additional tax assessment against it in any material amount nor of any
      basis therefor.

            (h) Accuracy of Information. All information heretofore furnished by
      the Depositor for purposes of or in connection with any of the Transaction
      Documents or any transaction contemplated hereby or thereby is, and all
      such information hereafter furnished by the Depositor will be, true and
      accurate in every material respect on the date such information is stated
      or certified and does not and will not contain any material misstatement
      of fact or omit to state a material fact or any fact necessary to make the
      statements contained therein not misleading.

            (i) Material Adverse Change. Since December 31, 2004, no event has
      occurred that would have a material adverse effect on (i) the financial
      condition or operations of Depositor, (ii) the ability of Depositor to
      perform its obligations under the Transaction Documents, or (iii) the
      collectibility of the Receivables generally or any material portion of the
      Receivables.

            (j) Compliance with Laws. The Depositor has complied in all respects
      with all applicable laws, rules, regulations, orders, writs, judgments,
      injunctions, decrees or awards to which it may be subject ,except where
      the failure to so comply could not reasonably be expected to have a
      material adverse effect on the Depositor, any Noteholder, any Receivable
      or other part of the Trust Estate.

      Section 3.02. Representations, Warranties and Covenants of the
Contributor. The Contributor hereby represents and warrants to the Depositor as
of the Closing Date and each Funding Date (except as otherwise provided):

            (a) On the Closing Date, with respect to the Initial Receivables,
      and on the related Funding Date, with respect to the Subsequent
      Receivables:

                                      -6-
<PAGE>

            (i) Characteristics of Receivables. Each Receivable (A) was
      originated by the Contributor or a Dealer for the retail sale or
      refinancing of a Financed Vehicle in the ordinary course of the
      Contributor's or such Dealer's business, and the Contributor or such
      Dealer had all necessary licenses and permits to originate Receivables in
      the State where the Contributor or such Dealer was located (except for any
      Ineligible Receivable), was fully and properly executed by the parties
      thereto, and, in the case of Receivables originated by a Dealer, was
      purchased by the Contributor from such Dealer under an existing Dealer
      Agreement with the Contributor and was validly assigned by such Dealer to
      the Contributor, (B) contains customary and enforceable provisions such as
      to render the rights and remedies of the holder thereof adequate for
      realization against the collateral security, (C) is not a Rule of 78s
      Receivable or a pre-computed interest Receivable, but is a fully
      amortizing simple interest receivable which provides for level monthly
      payments (provided that the payment or payments in the first Collection
      Period and the final Collection Period of the life of the Receivable may
      be different from the level payment) which, if made when due, shall fully
      amortize the Amount Financed over the original term, (D) provides that, in
      the event such Receivable is prepaid, such prepayment fully pays the
      principal balance and all accrued and unpaid interest through the date of
      such prepayment at an interest rate equal to or greater than the APR, (E)
      has not been amended, rewritten, modified or deferred, nor any provision
      thereof waived, except in accordance with the Collection Policy and the
      provisions of the Transaction Documents, (F) is payable in United States
      dollars and (G) does not entitle the Contributor to reduce, nor has the
      Contributor reduced, the APR under such Receivable to below 4%. No
      Subsequent Receivable will be a Chapter 13 Receivable, an Ultra Receivable
      or a Lendco Receivable, as of its transfer date.

            (ii) No Fraud or Misrepresentation. Each Receivable was originated
      by a Dealer and sold by such Dealer to the Contributor, or was originated
      by the Contributor, without any fraud or material misrepresentation on the
      part of such Dealer or on the part of the related Obligor.

            (iii) Compliance with Law. Each Receivable and each sale of Financed
      Vehicles complied all material respects at the time such Receivable or
      sale was originated or made and now complies in all material respects with
      all requirements of applicable federal, State and local laws, and
      regulations thereunder (including, without limitation, usury laws, the
      Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair
      Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt
      Collection Practices Act, the Federal Trade Commission Act, the Federal
      Trade Commission Credit Practice Rules, the Magnuson-Moss Warranty Act,
      the Federal Reserve Board's Regulations "B" and "Z," the Servicemembers'
      Civil Relief Act of 2003, Division 3 of the California Vehicle Code, state
      unfair and deceptive trade practice laws and state adaptations of the
      National Consumer Act and of the Uniform Consumer Credit Code and other
      consumer credit laws and equal credit opportunity and disclosure laws).

            (iv) Origination. Each Receivable was originated in the United
      States and each Receivable (other than the Lendco Receivables and the
      Ultra Receivables), at the time of origination, conformed to requirements
      of the Contributor's then current

                                      -7-
<PAGE>

      "Underwriting Guidelines" (the most recent copy of which is attached
      hereto as Exhibit C) and credit policies applicable to such Receivable.

            (v) Binding Obligation. Each Receivable represents the genuine,
      legal, valid and binding payment obligation in writing of the Obligor
      thereon, enforceable by the holder thereof in accordance with its terms,
      except (A) as enforceability may be limited by bankruptcy, insolvency,
      reorganization or similar laws affecting the enforcement of creditors'
      rights generally and by equitable limitations on the availability of
      specific remedies, regardless of whether such enforceability is considered
      in a proceeding in equity or at law and (B) as such Receivable may be
      modified by the application after the related Cut-off Date of the
      Servicemembers' Civil Relief Act of 2003 as amended; and all parties to
      each Receivable had full legal capacity to execute and deliver such
      Receivable and all other documents related thereto and to grant the
      security interest purported to be granted thereby.

            (vi) Obligors. Each Obligor is domiciled in the United States. None
      of the Obligors is an Affiliate of Bay View Acceptance or is employed by
      Bay View Acceptance. None of the Obligors is the United States of America
      or any State or local government or any agency, department, subdivision or
      instrumentality thereof. No Receivable has been included in a "fleet" sale
      (i.e., a sale to any single obligor of more than five (5) Financed
      Vehicles.

            (vii) Obligor Bankruptcy. At the related Cutoff Date, no Obligor has
      been identified on the Contributor's records as being the subject of a
      current bankruptcy proceeding as a debtor, except for Obligors under
      Chapter 13 Receivables.

            (viii) Schedule of Receivables. The information pertaining to each
      Receivable set forth in the Schedule of Receivables has been produced from
      the Contributor's electronic ledger and was true and correct in all
      material respects as of the close of business on the related Cutoff Date
      and at the Closing Date or the related Funding Date, as applicable.

            (ix) Marked Records. By the Closing Date or the related Funding
      Date, as applicable, each of the Contributor and the Depositor will have
      caused the portions of its records relating to the Receivables to be
      clearly and unambiguously marked to show that the Receivables have been
      transferred by the Contributor to the Depositor hereunder, and have been
      transferred by the Depositor to the Issuer and constitute part of the
      Trust Estate pledged to the Indenture Trustee.

            (x) Computer Tape or Listing. The computer tape made available by
      the Contributor to the Backup Servicer on the Closing Date or the related
      Funding Date was complete and accurate (excluding any typographical or
      clerical errors that do not affect the outstanding balance of Receivables
      listed on such computer tape) as of the related Cutoff Date and includes a
      description of the same Receivables that are described in the Schedule of
      Receivables.

                                      -8-
<PAGE>

            (xi) Chattel Paper. The Receivables constitute electronic or
      tangible chattel paper within the meaning of the UCC.

            (xii) One Original. There is only one original executed copy of each
      Receivable.

            (xiii) Custodian Files Complete. There exists a Custodian File
      pertaining to each Receivable, and such Custodian File contains: (A) a
      fully executed original of the related retail installment contract, and an
      acknowledgment of the Custodian that it holds such Receivable for the
      benefit of the Noteholders, (B) evidence of either (1) a certificate of
      insurance, (2) an application form for insurance signed by the Obligor or
      (3) a signed representation letter from the Obligor named in the
      Receivable pursuant to which the Obligor has agreed to obtain physical
      damage insurance for the related Financed Vehicle, (C) the original or
      electronic equivalent of the Certificate of Title or, with respect to a
      Certificate of Title filed electronically, a report prepared by a third
      party service that shows such service maintains perfection related to such
      Certificate of Title on behalf of the Servicer; or, if the Certificate of
      Title has not yet been received, and in the case of each electronic
      Certificate of Title, an application therefor, or a copy of such
      Certificate of Title with a copy of the application filed to amend the
      Certificate of Title to indicate the security interest of the Contributor
      in the related Financed Vehicle, (D) the original executed copy or
      electronic equivalent of an original credit application signed by the
      Obligor; (E) the originals of all assumption, consolidation, extension,
      modification or waiver agreements, if any, relating to such Receivable
      except for any such item listed above which has been preserved by
      electronic means; (F) any other documents that the Servicer shall keep on
      file, in accordance with its customary procedures, or reasonably required
      by the Issuer, from time to time to be kept on file, relating to a
      Receivable, the related Obligor or the related Financed Vehicle; and (G)
      any additional original loan documents evidencing any assumption,
      consolidation, extension, modification or waiver of a Receivable approved
      by the Servicer. Each of such documents which is required to be signed by
      the Obligor has been signed by the Obligor in the appropriate spaces. All
      blanks on any form have been properly filled in and each form has
      otherwise been correctly prepared in all material respects. The complete
      Custodian File for each Receivable is currently in the possession of the
      Custodian.

            (xiv) Receivables in Force. No Receivable has been satisfied,
      subordinated or rescinded, and the Financed Vehicle securing each such
      Receivable has not been released from the Lien of the related Receivable
      in whole or in part. No provisions of any Receivable have been waived,
      altered or modified in any respect since its origination, except by
      instruments or documents identified in the Custodian File held by the
      Custodian and in accordance with the Collection Policy in all material
      respects. Any modification to any Receivable necessary to comply with the
      Servicemembers' Civil Relief Act of 2003, as amended, has been made in
      compliance with the Act and any laws related thereto.

                                      -9-
<PAGE>

            (xv) Lawful Assignment. No Receivable was originated in, or is
      subject to the laws of any jurisdiction, the laws of which would make
      unlawful, void or voidable the sale, transfer and assignment of such
      Receivable under this Agreement, the Sale and Servicing Agreement or the
      Indenture. The Contributor has not entered into any agreement with any
      account debtor that prohibits, restricts or conditions the assignment of
      any portion of the Receivables. Each Receivable, by its terms, is
      assignable.

            (xvi) Good Title. No Receivable has been sold, transferred, assigned
      or pledged by the Contributor to any Person other than the Depositor.
      Immediately prior to the conveyance of the Receivables to the Depositor
      pursuant to this Agreement, the Contributor was the sole owner thereof and
      had good and indefeasible title thereto, free of any Lien, and, upon
      execution and delivery of this Agreement and the applicable Contributor
      Assignment by the Contributor, the Depositor shall have good and
      indefeasible title to and will be the sole owner of such Receivables, free
      of any Lien. No Dealer has a participation in, or other right to receive,
      proceeds of any Receivable. The Contributor has not taken any action to
      convey any right to any Person that would result in such Person having a
      right to payments received under the related Insurance Policies or the
      related Dealer Agreements or to payments due under such Receivables.

            (xvii) Security Interest in Financed Vehicle. Each Receivable from
      each respective Obligor is secured by a valid, binding and enforceable
      first priority perfected security interest in favor of the Contributor in
      the Financed Vehicle. The Certificate of Title for each Financed Vehicle
      shows (or, if a new or replacement Certificate of Title is being applied
      for with respect to such Financed Vehicle, the Certificate of Title will
      be received within one hundred eighty (180) days of the Closing Date or
      the related Funding Date, as applicable, and will show) the Contributor
      named as the original secured party under each Receivable as the holder of
      a first priority perfected security interest in such Financed Vehicle.
      With respect to each Receivable for which the Certificate of Title has not
      yet been returned from the applicable governmental authority, the Servicer
      has received written evidence from the related Dealer that such
      Certificate of Title showing the Contributor as first lienholder has been
      applied for. If the Receivable was originated in a State in which the
      filing or recording of a financing statement under the UCC is required to
      perfect a security interest in motor vehicles, such filings or recordings
      have been duly made and show the Contributor named as the original secured
      party under the related Receivable. As of the Initial Cutoff Date or the
      related Subsequent Cutoff Date, as applicable, there were no Liens or
      claims for taxes, work, labor, storage or materials affecting a Financed
      Vehicle which are or may be Liens prior or equal to the lien of the
      related Receivable. Each security interest in the Financed Vehicles has
      been or, with respect to Subsequent Receivables, will be as of the related
      Funding Date, validly assigned by the Contributor to the Depositor
      pursuant to this Agreement and the related Contributor Assignment.

            (xviii) All Filings Made. On the Closing Date or the related Funding
      Date, as applicable, filings (including, without limitation, UCC filings)
      required to be made by any Person and actions required to be taken or
      performed by any Person in any jurisdiction to give the Depositor a first
      priority perfected ownership interest in the Initial

                                      -10-
<PAGE>

      Receivables and the Subsequent Receivables, respectively, and the proceeds
      thereof have been made, taken or performed or will be made, taken or
      performed on or prior to the Closing Date or the related Funding Date, as
      applicable, and as of the Closing Date or the related Funding Date, as
      applicable, the Depositor has or will have, as applicable, such a first
      priority perfected ownership interest.

            (xix) No Impairment. The Contributor has not done anything to convey
      any right to any Person that would result in such Person having a right to
      payments due under the Receivables or otherwise to impair the rights of
      the Depositor, the Issuer, the Indenture Trustee and the Noteholders in
      any Receivable or the proceeds thereof.

            (xx) Receivable Not Assumable. No Receivable is assumable by another
      Person in a manner which would release the Obligor thereof from such
      Obligor's obligations to the Contributor with respect to such Receivable.

            (xxi) No Defenses. No Receivable is subject to any right of
      rescission, setoff, counterclaim or defense and no such right has been
      asserted or threatened with respect to any Receivable. The operation of
      the terms of any Receivable or the exercise of any right thereunder will
      not render such Receivable unenforceable in whole or in part or subject to
      any such right of rescission, setoff, counterclaim or defense.

            (xxii) No Default. There has been no uncured default, breach,
      violation or event permitting acceleration under the terms of any
      Receivable (other than payment delinquencies of not more than sixty (60)
      days as of the Initial Cutoff Date or the related Funding Date, as
      applicable, or payment delinquencies of sixty (60) days or more that have
      been cured on or prior to the Closing Date or related Funding Date, as
      applicable), and no condition exists or event has occurred and is
      continuing that with notice, the lapse of time or both would constitute a
      default, breach, violation or event permitting acceleration under the
      terms of any Receivable, and there has been no waiver of any of the
      foregoing. As of the Initial Cutoff Date and the Subsequent Cutoff Date,
      as applicable, no related Financed Vehicle funded on such date had been
      repossessed from the related Obligor or repossessed by the Servicer from
      any other Person.

            (xxiii) Insurance. At the time of the origination of each Receivable
      with a Receivable Balance of $50,000 or greater, the related Financed
      Vehicle was covered by a comprehensive and collision insurance policy (A)
      in an amount at least equal to the lesser of (i) its maximum insurable
      value or (ii) the principal amount due from the Obligor under the related
      Receivable, (B) naming the Contributor and its successors and assigns as
      loss payee and (C) insuring against loss and damage due to fire, theft,
      transportation, collision and other risks generally covered by
      comprehensive and collision coverage. Each Receivable that finances the
      cost of premiums for gap, credit life and credit accident and health
      insurance is covered by such an Insurance Policy. The Financed Vehicle
      relating to each Receivable that finances the cost of an extended service
      contract is covered by such a service contract. Each Receivable requires
      the Obligor to maintain physical loss and damage insurance, naming the
      Contributor and its successors and assigns as additional insured parties,
      and each Receivable permits the holder thereof to

                                      -11-
<PAGE>

      obtain physical loss and damage insurance at the expense of the Obligor if
      the Obligor fails to do so.

            (xxiv) Receivables. (A) Each Receivable had an original maturity of
      not less than eighteen (18) and not more than ninety-seven (97) months;
      (B) each Receivable has an Annual Percentage Rate (exclusive of prepaid
      finance charges) of at least 4%; (C) no Receivable was a Defaulted
      Receivable or a Delinquent Receivable as of the Cutoff Date; (D) no funds
      have been advanced by the Depositor, the Contributor, the Servicer, the
      Issuer, any Dealer, or anyone acting on behalf of any of them in order to
      cause any Receivable to qualify under subclause (B) of this clause (xxiv);
      (E) none of the Receivables have been re-aged (except for Receivables
      extended in compliance with Section 7.01(c)); (F) the Receivable Balance
      of each Receivable set forth in the Schedule of Receivables is true and
      accurate in all material respects as of the related Cutoff Date; (G) no
      more than five percent (5%) of the Aggregate Receivable Balance may be
      Receivables with individual principal balances in excess of $100,000.00
      (after giving effect to acquisitions on such Funding Date) and (H) the
      application with respect to the Certificate of Title for each Receivable
      has been applied for.

            (xxv) Subsequent Receivables. The addition of Subsequent Receivables
      on any Funding Date shall not occur unless each of the funding conditions
      set forth in Section 2.12 of the Indenture have been satisfied and unless
      each of the following representations and warranties are true and correct
      on the related Cutoff Date (with each Receivable Balance or APR for any
      Receivable measured as of its related Cutoff Date):

                  (A) no more than (i) 35% (determined by the Aggregate
            Receivable Balance) of all of the Receivables pledged to the
            Indenture Trustee, after taking into consideration the Subsequent
            Receivables pledged to the Indenture Trustee on such Funding Date,
            shall have been originated in each of California, Florida and
            Tennessee;

                  (B) no more than 25% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have been
            originated in each Core State other than California or Florida or
            Tennessee;

                  (C) no more than 10% (determined by the Aggregate Receivable
            Balance) of all Receivables pledged to the Indenture Trustee, after
            taking into consideration the Subsequent Receivables pledged to the
            Indenture Trustee on such Funding Date, shall have been originated
            in each Non-Core State;

                  (D) no more than 40% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have had a FICO
            Score at the time of origination thereof equal to or below 700;

                                      -12-
<PAGE>

                  (E) no more than 15% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have had a FICO
            Score at the time of origination thereof equal to or below 660;

                  (F) no more than 5% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have had a FICO
            Score at the time of origination thereof below 640;

                  (G) no more than 35% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have an
            original term of more than 84 months;

                  (H) no more than 85% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have an
            original term of more than 72 months;

                  (I) no more than 75% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have been, at
            the time of origination thereof, associated with a Financed Vehicle
            which is a used vehicle;

                  (J) no more than 20% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall be associated
            with a Financed Vehicle which has a model year greater than 5 years
            prior to the calendar year in which such Funding Date occurs;

                  (K) at least 95% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivables pledged
            to the Indenture Trustee on such Funding Date, shall have been, at
            the time of origination thereof, associated with a Financed Vehicle
            which is a passenger car, sport utility vehicle or light- duty
            truck;

                  (L) no more than $50,000 of all of the Receivables pledged to
            the Indenture Trustee, after taking into consideration the
            Subsequent Receivables pledged to the Indenture Trustee on such
            Funding Date, shall be Lendco Receivables or Ultra Receivables; and

                                      -13-
<PAGE>

                  (M) no more than 0.50% (determined by the Aggregate Receivable
            Balance) of all of the Receivables pledged to the Indenture Trustee,
            after taking into consideration the Subsequent Receivable pledged to
            the Indenture Trustee on such Funding Date, shall be Chapter 13
            Receivables.

            (xxvi) No Adverse Selection. No selection procedures adverse to the
      Noteholders have been utilized in selecting such Receivable from all other
      similar receivables originated or acquired by the Contributor.

            (xxvii) Form of Contract. For any State wherein 10% or more,
      determined by the Aggregate Receivable Balance, of all Receivables have
      been pledged to the Indenture Trustee, each such Receivable contains
      provisions that give the obligee substantially the same benefits as
      provided in one of the form contracts attached as Exhibit B hereto, except
      for such immaterial modifications or deviations from such form contracts
      which appear in certain Receivables or which may appear in the future form
      contracts of the Contributor or which the Contributor acquires; any such
      modifications or deviations from the form loan contracts will not have a
      material adverse effect on the Noteholders.

            (xxviii) Loss or Destruction. As of the related Cutoff Date, no
      Financed Vehicle related to a Receivable has been the subject of a total
      loss or destruction.

            (xxix) No Obligation to Dealers. The Depositor and its assignees
      will assume no obligation to Dealers or other holders of the Receivables
      as a result of its acquisition of the Receivables.

            (xxx) No Future Obligation. The full Amount Financed of each
      Receivable has been advanced to or on behalf of each Obligor, and there
      are no requirements for future advances thereunder. The Obligor with
      respect to each Receivable does not have any option under such Receivable
      to borrow from the Contributor or any Affiliate additional funds secured
      by the Financed Vehicle.

            (xxxi) Prior Servicing. The servicing of each Receivable and the
      collection practices relating thereto have been lawful and in accordance
      with the standards set forth in the Collection Policy in all material
      respects; other than the Servicer and any backup servicer arrangement that
      has been entered into in accordance with the provisions of the Transaction
      Documents, no other person has the right to service any Receivable.

            (xxxii) Licenses. The Contributor, at the time of origination of
      each Receivable and as of Closing Date, with respect to the Initial
      Receivables, and as of the applicable Funding Date, with respect to the
      Subsequent Receivables, was in possession of all State and local licenses
      (including all debt collection licenses) required for it to acquire and
      own such Receivable and service such Receivable in accordance with the
      Contributor's Collection Policy in effect on such date and to perform its
      services as Servicer under the Sale and Servicing Agreement, and none of
      such licenses has been suspended, revoked or terminated, except where the
      failure of the Contributor to obtain and maintain any such license could
      not have a material adverse effect on the Issuer, any Noteholder or any

                                      -14-
<PAGE>

      Receivable or other part of the Trust Estate or the Contributor's ability
      to perform its obligations as Contributor, Custodian or Servicer under the
      Transaction Documents.

            (xxxiii) Payment Instructions. No Person has provided any payment
      instructions to any Obligor that are inconsistent with the provisions of
      Section 7.01(d) of the Sale and Servicing Agreement.

Notwithstanding anything to the contrary herein, within thirty (30) days after
the Closing Date, the Contributor shall provide the forms of contracts for each
such Receivable required pursuant to Section 3.02(a)(xxvii) hereof and the
representations and warranties made by the Contributor, prior to such delivery,
pursuant to Section 3.02(a)(xxvii) hereof , shall be deemed to be true and
correct in all respects.

            (b) Organization and Good Standing. The Contributor has been duly
      organized and is validly existing as a corporation in good standing under
      the laws of the State of Nevada, with power and authority to own its
      properties and to conduct its business as such properties are currently
      owned and such business is currently conducted. The Contributor is not
      organized under the laws of any jurisdiction other than Nevada.

            (c) Due Qualification. The Contributor is duly qualified to do
      business as a foreign corporation in good standing, and has obtained all
      required licenses and approvals, if any, in all jurisdictions in which the
      ownership or lease of its property or the conduct of its business
      (including, without limitation, the purchase of the Receivables from the
      Dealers under the applicable Dealer Agreement, the conveyance of the
      Receivables by the Contributor pursuant to this Agreement and each
      Contributor Assignment, and the performance of its other obligations under
      this Agreement, the applicable Dealer Agreement, each Contributor
      Assignment and the other Transaction Documents to which it is a party)
      requires such qualification except those jurisdictions in which failure to
      be so qualified would not have a material adverse effect on the business
      or operations of the Contributor, on the ability of the Contributor, on
      the ability of the Contributor to perform its obligations under the
      Transaction Documents or on the Issuer, any Noteholder, the Receivables or
      other part of the Trust Estate.

            (d) Power and Authority. The Contributor has the power and authority
      to execute and deliver this Agreement and the other Transaction Documents
      to which it is a party and to carry out its terms and their terms,
      respectively; Contributor has, all power, authority and legal right to
      acquire, own and transfer the Receivables and Contributed Assets to the
      Depositor; and the execution, delivery and performance of this Agreement
      and the other Transaction Documents to which it is a party have been duly
      authorized by the Contributor by all necessary corporate action.

            (e) Binding Obligations. This Agreement and the other Transaction
      Documents to which the Contributor is a party, when duly executed and
      delivered by the other parties hereto and thereto, shall constitute legal,
      valid and binding obligations of the Contributor enforceable in accordance
      with their respective terms, except as enforceability may be limited by
      bankruptcy, insolvency, reorganization or other similar

                                      -15-
<PAGE>

      laws affecting the enforcement of creditors' rights generally and by
      equitable limitations on the availability of specific remedies, regardless
      of whether such enforceability is considered in a proceeding in equity or
      at law.

            (f) No Violation. The consummation of the transactions contemplated
      by this Agreement and the other Transaction Documents to which it is a
      party and the fulfillment of the terms of this Agreement and the other
      Transaction Documents to which it is a party shall not conflict with,
      result in any breach of any of the terms and provisions of or constitute
      (with or without notice, lapse of time or both) a default under, the
      articles of incorporation or by-laws of the Contributor, or any material
      indenture, agreement, mortgage, deed of trust or other material to which
      the Contributor is a party or by which it is bound, or result in the
      creation or imposition of any Lien upon any of its properties pursuant to
      the terms of any such indenture, agreement, mortgage, deed of trust or
      other instrument, or violate any material law, order, rule or regulation
      applicable to the Contributor of any court or of any federal or state
      regulatory body, administrative agency or other governmental
      instrumentality having jurisdiction over the Contributor or any of its
      properties, or in any way materially adversely affect the interests of the
      Noteholders or the Indenture Trustee in any Receivable or other part of
      the Trust Estate, or affect the Contributor's ability to perform its
      obligations under this Agreement or any other Transaction Document.

            (g) No Proceedings. There are no proceedings or investigations
      pending or, to the Contributor's knowledge, threatened against the
      Contributor, before any court, regulatory body, administrative agency or
      other tribunal or governmental instrumentality having jurisdiction over
      the Contributor or its properties (i) asserting the invalidity of this
      Agreement or any of the other Transaction Documents, (ii) seeking to
      prevent the issuance of the Notes or the consummation of any of the
      transactions contemplated by this Agreement or any of the other
      Transaction Documents, (iii) seeking any determination or ruling that
      might materially and adversely affect the performance by the Contributor
      of its obligations under, or the validity or enforceability of, this
      Agreement or any of the other Transaction Documents, (iv) seeking to
      adversely affect the federal income tax or other federal, State or local
      tax attributes of the Notes or (v) that could reasonably be expected to
      have a material adverse effect on the Receivables.

            (h) Approvals. All approvals, authorizations, consents, orders or
      other actions of any person, corporation or other organization, or of any
      court, governmental agency or body or official, required in connection
      with the execution and delivery by the Contributor of this Agreement and
      the Transaction Documents have been or will be taken or obtained on or
      prior to the Closing Date.

            (i) Contributor Address. The Contributor Address is, and has been
      for the five year period immediately preceding the Closing Date, the chief
      place of business and the office where the Contributor keeps its records
      concerning the Receivables and the Contributed Assets. The Contributor's
      chief executive office is, and has been for the five-year period
      immediately preceding the Closing Date, 1840 Gateway Drive, San

                                      -16-
<PAGE>

      Mateo, California 94404. The Contributor's jurisdiction of incorporation
      is, and has been for the 5-year-period immediately preceding the Closing
      Date, Nevada.

            (j) Change in Name; Jurisdiction of Incorporation; Form of
      Organization. The Contributor shall not change its corporate name or the
      name under or by which it does business or change its jurisdiction of
      incorporation or its form of organization except in accordance with
      Section 5.01(b) hereof.

            (k) Solvency of the Contributor :

                  i. The Contributor does not believe, nor does it have any
            reasonable cause to believe, that it cannot perform each and every
            covenant contained in this Agreement.

                  ii. The transactions contemplated by the Transaction Documents
            are being consummated by the Contributor in furtherance of its
            ordinary business purposes, with no contemplation of insolvency and
            with no intent to hinder, delay or defraud any of its present or
            future creditors.

                  iii. Neither on the date of the transactions contemplated by
            the Transaction Documents or immediately before or after such
            transactions, nor as a result of the transactions, will the
            Contributor:

                        (A) be insolvent such that the sum of its debts is
                  greater than all of its respective property, at a fair
                  valuation;

                        (B) be engaged in or about to engage in, business or a
                  transaction for which any property remaining with the
                  Contributor will be an unreasonably small capital or the
                  remaining assets of the Contributor will be unreasonably small
                  in relation to its respective business or the transaction; and

                        (C) have intended to incur or believed it would incur,
                  debts that would be beyond its respective ability to pay as
                  such debts mature or become due. The Contributor's assets and
                  cash flow enable it to meet its present obligations in the
                  ordinary course of business as they become due.

                  iv. Both immediately before and after the transactions
            contemplated by the Transaction Documents (a) the present fair
            salable value of the Contributor's assets was or will be in excess
            of the amount that will be required to pay its probable liabilities
            as they then exist and as they become absolute and matured; and (b)
            the sum of the Contributor's assets was or will be greater than the
            sum of its debts, valuing its assets at a fair salable value.

                  v. There are no proceedings or investigations pending, or to
            the knowledge of the Contributor, threatened, against or affecting
            the Contributor in

                                      -17-
<PAGE>

            or before any court, governmental authority or agency or arbitration
            board or tribunal (including, but not limited to any such proceeding
            or investigation with respect to any environmental or other
            liability resulting from the ownership of the Receivables) which,
            individually or in the aggregate, involve the possibility of
            materially and adversely affecting the properties, business,
            prospects, profits or condition (financial or otherwise) of the
            Contributor, or the ability of the Contributor to perform its
            obligations under this Agreement. The Contributor is not in default
            with respect to any order of any court, governmental authority or
            agency or arbitration board or tribunal.

            (l) Taxes. All tax returns or extensions required to be filed by the
      Contributor in any jurisdiction (other than jurisdictions in which the
      failure to file would not have a material adverse effect on the Issuer,
      any Noteholder, any Receivable or any other part of the Trust Estate or
      the Contributor and the performance of its obligations under this
      Agreement, each Dealer Agreement and the other Transaction Documents to
      which it is a party) have in fact been filed, and all taxes, assessments,
      fees and other governmental charges upon the Contributor, or upon any of
      the properties, income or franchises shown to be due and payable on such
      returns have been, or will be, paid or is being contested in good faith by
      appropriate proceedings with respect to which the Agent has received
      written notice. To the knowledge of the Contributor, all such tax returns
      are true and correct in all material respects and the Contributor has no
      knowledge of any proposed additional tax assessment against it in any
      material amount nor of any basis therefor. The provisions for taxes on the
      books of the Contributor are in accordance with generally accepted
      accounting principles.

            (m) Consolidated Returns. The Contributor, the Issuer and the
      Depositor are members of an affiliated group within the meaning of Section
      1504 of the Internal Revenue Code which will file a consolidated federal
      income tax return at all times until termination of the Transaction
      Documents.

            (n) Intent of Transactions. It is the intention of the Contributor
      and the Depositor that the Receivables and the Contributed Assets are
      owned by the Issuer as of the Closing Date or the related Funding Date, as
      applicable, and that the beneficial interest in and title to the
      Receivables and the Contributed Assets are not part of the Contributor's
      estate in the event of the filing of a bankruptcy petition by or against
      the Contributor under any bankruptcy law.

            (o) Stock of Depositor. The Contributor is the registered owner of
      all of the shares of common stock of the Depositor, all of which are fully
      paid and nonassessable and owned of record, free and clear of all
      mortgages, assignments, pledges, security interests, warrants, options and
      rights to purchase other than those (if any) granted pursuant to the
      Transaction Documents.

            (p) Notes as Debt. Each of the Contributor, the Depositor and their
      shareholders and stockholders shall treat the Receivables and the
      Contributed Assets as owned by the Issuer for legal purposes and owned by
      the Contributor and its consolidated

                                      -18-
<PAGE>

      subsidiaries for federal, state and local income tax purposes, shall
      include in the computation of the gross income of the Contributor and its
      consolidated subsidiaries for such purposes the income from the
      Receivables and the Contributed Assets, shall treat the Notes as debt of
      the Contributor and its consolidated subsidiaries for financial statement
      purposes and as debt of the Depositor for federal, State and local income
      tax purposes, and shall cause the Contributor and its consolidated
      subsidiaries to deduct the interest paid or accrued with respect to the
      Notes in accordance with its applicable method of accounting for such
      purposes.

            (q) ERISA. The Contributor is in compliance with the Employee
      Retirement Income Security Act of 1974, as amended.

            (r) Certificate, Statements and Reports. The officers certificates,
      statements, reports and other documents prepared by the Contributor and
      furnished to the Depositor pursuant to this Agreement or any other
      Transaction Document to which the Contributor is a party, and in
      connection with the transactions contemplated hereby or thereby, when
      taken as a whole, do not contain any untrue statement of a material fact
      or omit to state a material fact necessary to make the statements
      contained herein or therein not misleading.

            (s) Accuracy of Information. All information heretofore furnished by
      the Depositor for purposes of or in connection with any of the Transaction
      Documents or any transaction contemplated hereby or thereby is, and all
      such information hereafter furnished by the Depositor will be, true and
      accurate in every material respect on the date such information is stated
      or certified and does not and will not contain any material misstatement
      of fact or omit to state a material fact or any fact necessary to make the
      statements contained therein not misleading.

            (t) Material Adverse Change. Since December 31, 2004, no event has
      occurred that would have a material adverse effect on (i) the financial
      condition or operations of Depositor, (ii) the ability of the Depositor to
      perform its obligations under the Transaction Documents, or (iii) the
      collectibility of the Receivables generally or any material portion of the
      Receivables.

            (u) Compliance with Laws. The Depositor has complied in all respects
      with all applicable laws, rules, regulations, orders, writs, judgments,
      injunctions, decrees or awards to which it may be subject ,except where
      the failure to so comply could not reasonably be expected to have a
      material adverse effect on the Issuer, any Noteholder, any Receivable or
      other part of the Trust Estate.

      Section 3.03. Repurchase of Receivables. (a) The Contributor hereby
covenants and agrees to deliver to the Depositor, the Indenture Trustee and the
Agent prompt written notice of the occurrence of a breach of any of the
representations and warranties of the Contributor contained or deemed to be
contained in Section 3.02(a) hereof with respect to a Receivable transferred
hereunder. Upon discovery by the Contributor, the Depositor, the Issuer, the
Indenture Trustee, the Agent or the Servicer of (a) a Nonconforming Receivable,
or (b) the failure to deliver any document required to be included in any
Custodian File, or to file any UCC

                                      -19-
<PAGE>

Financing Statement required to be filed pursuant to the Transaction Documents,
the party discovering such breach or failure to deliver shall give prompt
written notice to each of the other foregoing parties. Except as specifically
provided in the Sale and Servicing Agreement or the Indenture, the Indenture
Trustee has no obligation to review or monitor the Receivables or the
Contributed Assets for compliance with representations and warranties or
delivery requirements. If (i) the breach of representations or warranties
causing such Receivable to be a Nonconforming Receivable has a material adverse
effect on the Noteholders or such Receivable or its collectibility and shall not
have been (A) cured within thirty (30) days following notice thereof or (B)
waived by the Majority Holders following notice thereof or (ii) the failure to
deliver to the Custodian such Custodian File documents or UCC Financing
Statements within the time period required herein or in the Sale and Servicing
Agreement (other than the Certificates of Title, with respect to which the
Contributor shall have three (3) Business Days after the one hundred eighty
(180) day period set forth in Section 3.02(a)(xvii)), the Contributor shall
deposit or cause to be deposited the Repurchase Price with respect to such
Receivable in the Collection Account within two (2) Business Days following the
applicable cure period, if any; provided, that a breach of a representation and
warranty set forth in paragraphs (ii), (iii), (v), (vii), (ix), (xiv), (xv),
(xvi), (xvii), (xviii), (xix), (xx), (xxi), (xxii), (xxviii), (xxx) and (xxxii)
of Section 3.02(a) automatically shall be deemed to have a material adverse
effect on the applicable Receivable or the Noteholders. The Depositor shall
transfer to the Contributor the Receivable and the Contributed Assets relating
solely to such Receivable affected by such breach or failure to deliver;
provided, that such transfer and assignment shall only be made upon receipt by
the Depositor of notice from the Servicer that the Repurchase Price has been
remitted to the Servicer and deposited into the Collection Account. The
Depositor shall be entitled to enforce the obligations of the Contributor and
each applicable Dealer under this Agreement and the applicable Dealer Agreement,
respectively, and to remit the Repurchase Price to the Servicer for deposit into
the Collection Account. The Indenture Trustee and the Agent are authorized to
take action on behalf of the Depositor to enforce the obligations of the
Contributor to repurchase such Receivable under this Agreement and to enforce
the obligation of a Dealer to repurchase such Receivable under the applicable
Dealer Agreement.

            (b) The obligations of the Contributor, the Depositor and the Issuer
to remove any Receivable and the Contributed Assets relating solely to such
Receivable and to remit the Repurchase Price with respect to a Nonconforming
Receivable which has a material adverse affect on the Noteholders or on such
Receivable or its collectibility or as to which a failure to deliver has
occurred and is continuing shall constitute the sole remedy, except for the
indemnification provisions expressly set forth in the Indenture, the Sale and
Servicing Agreement and this Agreement, against the Contributor, the Depositor
and the Issuer for such breach or failure to deliver or pay available to the
Indenture Trustee or the Noteholders. Notwithstanding the foregoing, the
Contributor shall indemnify the Owner Trustee (as such and in its individual
capacity), the Issuer, the Indenture Trustee, the Backup Servicer, the
Noteholders, and their respective officers, directors and employees against all
costs, expenses, losses, damages, claims and liabilities, including reasonable
fees and expenses of counsel, which may be asserted against or incurred by any
of them, as a result of third party claims arising out of the events or facts
giving rise to a repurchase event set forth in Section 3.03(a).

                                      -20-
<PAGE>

      Section 3.04. Depositor's Assignment of Repurchased Receivables. With
respect to any Receivable reacquired by the Contributor pursuant to this
Agreement, the Depositor shall assign, without recourse, representation or
warranty, to the Contributor all the Depositor's right, title and interest in
and to such Receivable, and all security and documents relating thereto.

      Section 3.05. Survival of Representations and Warranties. The
representations and warranties contained in this Agreement are made as of the
date specified herein and in each case shall survive the sale, transfer and
assignment of the related Receivables and the other related Contributed Assets
hereunder, the conveyance thereof by the Depositor to the Issuer under the Sale
and Servicing Agreement and the related Assignment, as applicable, and the
pledge thereof by the Issuer to the Indenture Trustee under the Indenture. The
Contributor and the Depositor agree that the Depositor will assign to the Issuer
all of the Depositor's rights under this Contribution Agreement and each
Contributor Assignment, the Issuer will assign to the Indenture Trustee all of
the Issuer's rights under this Contribution Agreement and each Contributor
Assignment and that the Indenture Trustee shall thereafter be entitled to
enforce this Contribution Agreement and each Contributor Assignment directly
against the Contributor in the Indenture Trustee's own name on behalf of the
Noteholders; provided, however, that the representations and warranties of the
Contributor in this Contribution Agreement shall not be construed as a warranty
or guaranty by the Contributor as to the future payments by any Obligor.

                                   ARTICLE IV

                                   CONDITIONS

      Section 4.01. Conditions to Obligation of the Depositor. The obligation of
the Depositor to accept any transfer of Receivables hereunder is subject to the
satisfaction of the following conditions:

            (a) The representations and warranties of the Contributor hereunder
      shall be true and correct on the Closing Date and each Funding Date, as
      the case may be, with the same effect as if then made, and the Contributor
      shall have performed all obligations to be performed by it hereunder on or
      prior to the Closing Date or Funding Date, as the case may be.

            (b) The Contributor shall, at its own expense, on or prior to the
      Closing Date and each Funding Date, as applicable, indicate in its files
      that the Initial Receivables and the related Subsequent Receivables,
      respectively, have been transferred to the Depositor pursuant to this
      Agreement, then transferred from the Depositor to the Issuer pursuant to
      the Sale and Servicing Agreement and simultaneously pledged by the Issuer
      to the Indenture Trustee pursuant to the Indenture, and the Contributor
      shall deliver to the Depositor a Schedule of Receivables certified by an
      Authorized Officer of the Contributor to be true, correct and complete.
      Further, the Contributor hereby agrees that the computer files and other
      physical records of the Receivables maintained by the Contributor will
      bear an indication reflecting that the Receivables were transferred and
      pledged as described above.

                                      -21-
<PAGE>

            (c) The following documents must be delivered by the Contributor on
      or in connection with the Closing Date and each Funding Date, as
      applicable.

                  (i) Contributor Assignment. As of the Closing Date and each
            Funding Date, the Contributor shall execute a Contributor
            Assignment, substantially in the form of Exhibit A hereto, with
            respect to the Receivables and the related Contributed Assets being
            transferred by the Contributor on such date (as identified on the
            Schedule of Receivables attached to such Contributor Assignment).

                  (ii) Evidence of UCC Filings. On or prior to the Closing Date
            and each Funding Date, as applicable, the Contributor shall provide
            the Depositor evidence that the Contributor has obtained, at the
            expense of the Contributor, (A) executed releases, termination
            statements and UCC-3 releases or terminations in each jurisdiction
            in which required by applicable law, if any, to release any prior
            security interests in the Receivables and the related Contributed
            Assets granted by the Contributor and (B) UCC-1 financing statements
            in each jurisdiction in which required by applicable law, executed
            by the Contributor, as contributor or debtor, and naming the
            Depositor, as purchaser or secured party, identifying the
            Receivables and the related Contributed Assets as collateral,
            meeting the requirements of the laws of each such jurisdiction and
            in such manner as is necessary to perfect the transfer of such
            Receivables to the Depositor.

                  (iii) Other Documents. The Contributor must deliver such other
            documents and legal opinions as the Depositor or the Agent may
            reasonably request.

            (d) Documents to be Delivered by the Contributor In Connection with
      the Closing Date and each Funding Date. On or prior to the Closing Date or
      a Funding Date, as applicable, the Contributor shall deliver to the
      Custodian the following documents with respect to each Receivable
      transferred on such date (with respect to such Receivable, a "Custodian
      File"): (a) a fully executed original of the related retail installment
      contract, and an acknowledgment of the Custodian that it holds such
      Receivable for the benefit of the Noteholders, (b) evidence of either (1)
      a certificate of insurance, (2) an application form for insurance signed
      by the Obligor, or (3) a signed representation letter from the Obligor
      named in the Receivable pursuant to which the Obligor has agreed to obtain
      physical damage insurance for the related Financed Vehicle, (c) the
      original or electronic equivalent of the Certificate of Title or, with
      respect to a Certificate of Title filed electronically, a report prepared
      by a third party service that shows such service maintains perfection
      related to such Certificate of Title on behalf of the Servicer; or, if the
      Certificate of Title has not yet been received, and in the case of each
      electronic Certificate of Title, an application therefor, or a copy of
      such Certificate of Title with a copy of the application filed to amend
      the Certificate of Title to indicate the security interest of the
      Contributor in the related Financed Vehicle, (d) an electronic or hard
      copy of an original credit application signed by the Obligor; (e) the
      originals of all assumption, consolidation, extension, modification or
      waiver agreements, if any,

                                      -22-
<PAGE>

      relating to such Receivable except for any such item listed above which
      has been preserved by electronic means; (f) any other documents that the
      Servicer shall keep on file, in accordance with its customary procedures,
      or reasonably required by the Issuer, from time to time to be kept on
      file, relating to a Receivable, the related Obligor or the related
      Financed Vehicle; and (g) any additional original loan documents
      evidencing any assumption, consolidation, extension, modification or
      waiver of a Receivable approved by the Servicer.

            On or prior to the Closing Date or a Funding Date, as applicable,
      the Contributor shall deliver to the Custodian the original Certificate of
      Title or copies of correspondence to the appropriate governmental
      authority, and all enclosures thereto, for issuance of the original
      Certificate of Title for the related Financed Vehicles.

            If any original Certificate of Title is not delivered to the
      Servicer due to the fact that such Certificate of Title has not yet been
      issued by the applicable governmental authority and delivered to or on
      behalf of the Contributor, such Certificate of Title shall be delivered by
      the Contributor to the Servicer promptly following receipt thereof by the
      Contributor but in no event later than one hundred eighty (180) days
      following the Closing Date or the related Funding Date, as applicable;
      provided, however, that for any original Certificate of Title not so
      delivered to the Custodian prior to the expiration of such 180 day period,
      or if any other item of the Custodian File is not included therein, the
      Contributor shall be deemed to be in breach of its representations and
      warranties contained in Section 3.02(a) hereof, and the related Receivable
      shall be repurchased by the Contributor pursuant to Section 3.03(a)
      hereof.

            (e) Other Transactions. The transactions contemplated by the
      Indenture, the Sale and Servicing Agreement and the other Transaction
      Documents shall be consummated on the Closing Date or with respect to a
      Subsequent Transfer shall have been consummated on the related Funding
      Date.

      Section 4.02. Conditions to Obligation of the Contributor. The obligation
of the Contributor to transfer the Receivables to the Depositor on the Closing
Date or each Funding Date, as the case may be, is subject to the satisfaction of
the following conditions:

            (a) The representations and warranties of the Depositor hereunder
      shall be true and correct on the Closing Date or such Funding Date, as the
      case may be, with the same effect as if then made, and the Depositor shall
      have performed all obligations to be performed by it hereunder on or prior
      to the Closing Date or such Funding Date, as the case may be.

            (b) All corporate and legal proceedings and all instruments in
      connection with the transactions contemplated by this Contribution
      Agreement shall be satisfactory in form and substance to the Contributor
      and the Agent, and the Contributor and the Agent shall have received from
      the Depositor copies of all documents (including, without limitation,
      records of Contributor proceedings) relevant to the transactions herein
      contemplated as the Agent or the Contributor may have requested.

                                      -23-
<PAGE>

            (c) The Contributor's receipt of the consideration set forth in
      Section 2.01(b) and Section 2.01(d) hereof with respect to the Closing
      Date and each Funding Date respectively.

                                      -24-
<PAGE>

                                    ARTICLE V

                          COVENANTS OF THE CONTRIBUTOR

      The Contributor agrees with the Depositor as follows:

      Section 5.01. Protection of Right, Title and Interest.

            (a) Filings. The Contributor shall cause all financing statements
      and continuation statements and any other necessary documents covering the
      right, title and interest of the Depositor in and to the Receivables and
      the related Contributed Assets to be promptly filed, and at all times to
      be kept recorded, registered and filed, all in such manner and in such
      places as may be required by law to fully preserve and protect the right,
      title and interest of the Depositor hereunder, the Issuer under the Sale
      and Servicing Agreement and the Indenture Trustee under the Indenture to
      the Receivables and the other property of the Trust Estate. The
      Contributor shall deliver or cause to be delivered to or at the direction
      of the Depositor (with copies to the Agent), file-stamped copies of, or
      filing receipts for, any document recorded, registered or filed as
      provided above, as soon as available following such recordation,
      registration or filing. The Depositor shall cooperate fully with the
      Contributor in connection with the obligations set forth above and will
      execute any and all documents reasonably required to fulfill the intent of
      this Section 5.01(a). In the event the Contributor fails to perform its
      obligations under this subsection, the Depositor or the Indenture Trustee
      may do so at the expense of the Contributor.

            (b) Name and Other Changes. At least thirty (30) days prior to the
      Contributor making any change in its name, identity, jurisdiction of
      organization or structure which would make any financing statement or
      continuation statement filed in accordance with paragraph (a) above
      seriously misleading within the applicable provisions of the UCC or any
      title statute, the Contributor shall give the Depositor, the Issuer, the
      Agent and the Indenture Trustee written notice of any such change, and no
      later than five (5) days after the effective date thereof the Contributor
      shall file such financing statements or amendments as may be necessary to
      continue the perfection of the Depositor's interest in the Receivables and
      the Contributed Assets. At least sixty (60) days prior to the date of any
      relocation of its principal executive office or state of incorporation,
      the Contributor shall give the Indenture Trustee, the Agent and the
      Depositor written notice thereof, and the Contributor shall within five
      (5) days after the effective date thereof, file any such amendment or new
      financing statement if, as a result of such relocation, the applicable
      provisions of the UCC would require the filing of any amendment of any
      previously filed financing or continuation statement or of any new
      financing statement to continue the perfection of the Depositor's interest
      in the Receivables and the Contributed Assets. The Contributor shall at
      all times maintain each office from which it shall service the Receivables
      and maintain possession of the Custodian Files, and its principal
      executive office, within the United States of America.

                                      -25-
<PAGE>

      The Contributor shall not become or seek to become organized under the
      laws of more than one jurisdiction.

            (c) Accounts and Records. The Contributor shall maintain accounts
      and records as to each Receivable accurately and in sufficient detail to
      permit the reader thereof to know at any time the status of such
      Receivable, including payments and recoveries made and payments owing (and
      the nature of each).

            (d) Sale of Other Receivables. If at any time the Contributor shall
      propose to sell, grant a security interest in, or otherwise transfer any
      interest in any new or used automobile, van or light-duty truck
      installment sale contracts (other than the Receivables) to any prospective
      purchaser, lender, or other transferee, such Contributor shall give to
      such prospective purchaser, lender or other transferee computer tapes,
      records, or print- outs (including any restored from back-up archives)
      that, if they shall refer in any manner whatsoever to any Receivable,
      shall indicate clearly that such Receivable or Financed Vehicle has been
      pledged to the Indenture Trustee unless such Receivable or Financed
      Vehicle has been paid in full or repurchased.

            (e) Access to Records. The Contributor shall, upon reasonable
      notice, permit the Agent, the Depositor, the Noteholders, the Indenture
      Trustee, the Servicer and their respective agents at any time during
      normal business hours to inspect, audit, and make copies of and abstracts
      from the Contributor's records regarding any Receivable.

            (f) Other Actions. The Contributor shall from time to time, at its
      expense, promptly execute and deliver all further instruments and
      documents (including, without limitation, powers of attorney for the
      benefit of the Servicer) and take all further action that may be necessary
      or desirable to permit the Servicer to perform its obligations under the
      Sale and Servicing Agreement, including, without limitation, the
      Servicer's obligation to preserve and maintain the perfected security
      interest of the Indenture Trustee in the Receivables, the Financed
      Vehicles and the other Contributed Assets.

      Section 5.02. Other Liens or Interest. Except for the transfers hereunder,
the Contributor will not sell, pledge, assign or transfer to any other person,
or grant, create, incur, assume or suffer to exist any Lien on, any interest in,
and the Contributor shall defend the right, title, and interest of the Depositor
in, to and under the Initial and Subsequent Receivables and other Contributed
Assets against all claims of third parties claiming through or under the
Contributor; provided, however, that the Contributor's obligations under this
Section 5.02 shall terminate upon the termination of the Indenture in accordance
with its terms.

      Section 5.03. Principal Executive Office; Jurisdiction of Organization.
The Contributor shall maintain its principal executive office, principal place
of business, location of all books and records relating to the Receivables and
other Contributed Assets and sole jurisdiction of organization at the locations
and in the jurisdiction, respectively, set forth in Section 3.02(i).

      Section 5.04. Costs and Expenses. The Contributor agrees to pay all
reasonable costs and disbursements in connection with the perfection, as against
all third parties, of the transfer to

                                      -26-
<PAGE>

the Depositor of the Contributor's right, title and interest in and to the
Receivables and the Contributed Assets, the transfer thereof to the Issuer and
the pledge thereof to the Indenture Trustee.

      Section 5.05. No Waiver. The Contributor shall not waive any default,
breach, violation or event permitting acceleration under the terms of any
Receivable; provided, however, nothing in this Section 5.05 shall affect the
rights of and the restrictions on the Servicer with respect to such matters as
set forth in the Sale and Servicing Agreement.

      Section 5.06. Contributor's Records. The books and records of the
Contributor will disclose that the Contributor absolutely transferred the
Receivables to the Depositor; provided, however, the Contributor may show the
Receivables as assets of the consolidated companies that include the Contributor
and the Depositor as long as such financial statements indicate the transfers
hereunder, under the Sale and Servicing Agreement, under each Assignment and the
Indenture and indicate that such assets will not be available to satisfy the
claims of any creditor of the Contributor or the Depositor. The Contributor will
file all tax returns and reports in a manner consistent with the transfer to the
Depositor of the Receivables for federal income tax purposes.

      Section 5.07. Cooperation by Contributor. (a) The Contributor will
cooperate fully and in a timely manner with the Depositor, the Issuer, the
Servicer, the Agent, and the Indenture Trustee in connection with (i) the filing
of any claims with an insurer or any agent of any insurer under any insurance
policy affecting an Obligor or any of the Financed Vehicles; (ii) supplying any
additional information as may be requested by the Depositor, the Issuer, the
Servicer, the Agent, the Indenture Trustee or any such agent or insurer in
connection with the processing of any such claim; and (iii) the execution or
endorsement of any check or draft made payable to the Contributor representing
proceeds from any such claim. The Contributor shall take all such actions as may
be requested by the Depositor, the Agent, the Issuer, the Servicer or the
Indenture Trustee to protect the rights of the Depositor, the Agent, the Issuer
or the Indenture Trustee on behalf of the Noteholders in and to any proceeds
under any and all of the foregoing insurance policies. The Contributor shall not
take or cause to be taken any action which would impair the rights of the
Depositor, the Issuer or the Indenture Trustee on behalf of the Noteholders in
and to any proceeds under any of the foregoing insurance policies.

            (b) The Contributor shall, within one (1) Business Day of receipt
      thereof, endorse any check or draft payable to the Contributor
      representing insurance proceeds and in the event there are no other payees
      on such check or draft, forward, via hand delivery, such endorsed check or
      draft to the Servicer for deposit into the Local Bank Account (or if the
      Backup Servicer is acting as successor Servicer, for deposit to the Backup
      Servicer Account). The Contributor will hold in trust and remit to the
      Local Bank Account (or if the Backup Servicer is acting as successor
      Servicer, for deposit to the Backup Servicer Account), within one (1)
      Business Day of receipt thereof, any funds received with respect to the
      Receivables after the related Cutoff Date.

      Section 5.08. Notice of Breach. The Contributor shall notify the Indenture
Trustee, the Agent, the Depositor and the Issuer promptly upon becoming aware in
writing, of any breach of

                                      -27-
<PAGE>

the representations and warranties or covenants of the Contributor or the
Depositor contained herein or in any other Transaction Document.

                                   ARTICLE VI

                                 INDEMNIFICATION

      Section 6.01. Indemnification. The Contributor shall defend, indemnify and
hold harmless the Depositor, the Indenture Trustee, the Backup Servicer, the
Owner Trustee (as such and in its individual capacity), the Agent, the Issuer
and the Noteholders:

            (a) for any liability as a result of the failure of a Receivable to
      be originated in compliance with all requirements of law and for any
      breach of any of its representations and warranties contained herein or in
      the related Assignment;

            (b) from and against any and all costs, expenses, losses, damages,
      claims, and liabilities, arising out of or resulting from the use,
      ownership, or operation by the Contributor or any Affiliate thereof of a
      Financed Vehicle;

            (c) against any and all costs, expenses, losses damages, claims and
      liabilities, arising out of or resulting from any action taken, or failed
      to be taken, by the Contributor in respect of any portion of the Trust
      Estate other than in accordance with this Contribution Agreement or any
      other Transaction Document;

            (d) from and against any and all taxes, except for taxes on the net
      income of the Depositor, the Indenture Trustee, the Backup Servicer, the
      Owner Trustee (as such or in its individual capacity), the Issuer, or the
      Noteholders, as the case may be, that may at any time be asserted against
      the Depositor with respect to the transactions contemplated herein and in
      each Assignment and in each other Transaction Document, including, without
      limitation, any sales, general corporation, tangible personal property,
      privilege, or license taxes and costs and expenses in defending against
      the same;

            (e) from and against any and all costs, expenses, losses, damages,
      claims and liabilities to the extent that such cost, expense, loss,
      damage, claim or liability arose out of, or was imposed upon the
      Depositor, the Indenture Trustee, the Back-up Servicer, the Owner Trustee
      (as such or in its individual capacity), the Agent, the Issuer and the
      Noteholders, as the case may be, through the negligence, willful
      misfeasance, or bad faith of the Contributor in the performance of its
      duties under this Contribution Agreement or any other Transaction Document
      to which it is a party, or by reason of reckless disregard of the
      Contributor's covenants, obligations and duties under this Contribution
      Agreement or any other Transaction Document to which it is a party except
      to the extent that such cost, expense, loss, damage, claim or liability or
      portion thereof shall be due to the willful misfeasance, bad faith or
      gross negligence of the Depositor, the Indenture Trustee, the Backup
      Servicer, the Collateral Agent, the Spread Account Depositor, the Owner
      Trustee (as such or in its individual capacity), the Agent, the Issuer or
      the Noteholders as the case may be;

                                      -28-
<PAGE>

            (f) from and against all costs, expenses, losses, damages, claims
      and liabilities arising out of or incurred in connection with the
      acceptance or performance of the Contributor's duties under this
      Contribution Agreement and the other Transaction Documents to which it is
      a party, including the trusts and duties as Servicer under the Sale and
      Servicing Agreement and as Custodian under the Custodian Agreement, except
      to the extent that such cost, expense, loss, damage, claim or liability
      shall be due to the willful misfeasance, bad faith or gross negligence of
      the Depositor, the Indenture Trustee, the Backup Servicer, the Owner
      Trustee, the Agent, the Issuer or the Noteholders, as the case may be; and

            (g) against any and all costs, expenses, losses, damages, claims and
      liabilities arising out of or resulting from the failure of any Receivable
      or the sale of the related Financed Vehicle to comply with all
      requirements of applicable law.

Indemnification under this Section shall include reasonable fees and expenses of
litigation and shall survive termination of this Agreement. These indemnity
obligations shall be in addition to any obligation that the Contributor may
otherwise have.

                                   ARTICLE VII

                                  MISCELLANEOUS

      Section 7.01. Obligations of Contributor. The obligations of the
Contributor under this Agreement shall not be affected by reason of any
invalidity, illegality or irregularity of any Receivable.

      Section 7.02. Subsequent Transfer and Pledge. The Contributor acknowledges
that (i) the Depositor will transfer the Receivables and related Contributed
Assets to the Issuer and the Issuer will grant a security interest in the same
along with the Issuer's rights and benefits under the Sale and Servicing
Agreement to the Indenture Trustee pursuant to the terms of the Indenture and
(ii) the terms and provisions hereof are intended to benefit the Noteholders.
The Contributor acknowledges that the Indenture Trustee on behalf of the
Noteholders, as assignee of the Depositor's rights hereunder may directly
enforce, without making any prior demand on the Depositor, all the rights of the
Depositor hereunder, including, without limitation, the rights under Section
3.03(a) hereof. The Contributor hereby consents to such transfer and grant.

      Section 7.03. Amendment. This Agreement may be amended, restated or
supplemented from time to time by a written agreement duly executed and
delivered by the Contributor and the Depositor, but only with the prior written
consent of the Majority Holders; provided that, that no such amendment shall
amend or modify any provision of Section 3.02(a) hereof without the consent of
the Supermajority Holders. The Contributor shall deliver to the Noteholders and
the Agent a copy of any amendment to this Agreement.

      Section 7.04. Waivers. No failure or delay on the part of the Depositor,
the Issuer, the Indenture Trustee, the Agent in exercising any power, right or
remedy under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any such power, right

                                      -29-
<PAGE>

or remedy preclude any other or further exercise thereof or the exercise of any
other power, right or remedy. Any waiver of the terms and provisions hereof must
be in writing and must be consented to in writing by the Majority Holders.

      Section 7.05. Notices. All notices, requests, consents and other
communications hereunder shall be in writing and shall be delivered personally
or mailed by first-class registered or certified mail, postage prepaid, or by
telephonic facsimile transmission and overnight delivery service, postage
prepaid, to any party at its address set forth in Article I hereof or at such
other address as may be designated by it by notice to the other party and shall
be deemed given when so delivered, or if mailed. Any notice to the Indenture
Trustee, the Agent, any Noteholder or the Issuer shall be given in accordance
with the terms of the Indenture.

      Section 7.06. Representations. The respective agreements, representations,
warranties and other statements by the Contributor and the Depositor set forth
in or made pursuant to this Agreement are intended to benefit the Noteholders
and shall remain in full force and effect and will survive the Closing Date
under Section 2.02 hereof and each Funding Date.

      Section 7.07. Headings and Cross-References. The various headings in this
Agreement are included for convenience only and shall not affect the meaning or
interpretation of any provision of this Agreement. References in this Agreement
to Section names or numbers are to such Sections of this Agreement.

      Section 7.08. Governing Law. This Agreement and each Assignment shall be
governed by and construed in accordance with the internal laws of the State of
New York including New York General Obligations Law Sections 5-1401 and 5-1402,
but otherwise without regard to the conflict of laws principles thereof.

      Section 7.09. Counterparts. This Agreement may be executed in two or more
counterparts and by different parties on separate counterparts, each of which
shall be an original, but all of which together shall constitute one and the
same instrument.

      Section 7.10. No Bankruptcy Petition Against the Depositor or the Issuer
or Any Noteholder. The Contributor agrees that, prior to the date that is one
year and one day after the payment in full of all amounts payable with respect
to the Notes, it will not institute against the Depositor or the Issuer or any
Noteholder, or join any other Person in instituting against the Depositor or the
Issuer or any Noteholder, any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings or other proceedings under the laws of the
United States or any state of the United States. This Section 7.10 shall survive
the termination of this Agreement and the Indenture.

      Section 7.11. Third Party Beneficiaries. This Agreement shall inure to the
benefit of the Issuer, the Agent, the Noteholders, the Indenture Trustee on
behalf of the Noteholders and their respective successors and assigns. Without
limiting the generality of the foregoing, all representations, covenants and
agreements in this Agreement which expressly confer rights upon the Depositor,
the Noteholders, the Issuer, the Agent or the Indenture Trustee shall be for the
benefit of and run directly to the Noteholders, the Depositor, the Issuer, the
Indenture Trustee

                                      -30-
<PAGE>

and the Agent. The Indenture Trustee, the Noteholders, the Agent and the Issuer
shall be entitled to rely on and enforce such representations, covenants and
agreements to the same extent as if it or they were a party hereto. Except as
expressly stated otherwise herein or in the other Transaction Documents, any
right of the Majority Holders to direct, appoint, consent to, approve of, or
take any action under this Agreement, shall be a right exercised by the Majority
Holders in their sole and absolute discretion.

      Section 7.12. Material Adverse Effect. Whenever a determination is to be
made under this Agreement whether a breach of a representation, warranty or
covenant has or could have a material adverse effect on a Receivable or any part
of the Trust Estate or the interest therein of the Issuer, the Noteholders (or
any similar or analogous determination), such determination shall be made by the
Majority Holders in their sole discretion.

      Section 7.13. TRIAL BY JURY WAIVED. EACH OF THE PARTIES HERETO WAIVES, TO
THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION ARISING DIRECTLY OR INDIRECTLY OUT OF, UNDER OR IN
CONNECTION WITH THIS AGREEMENT, ANY OF THE OTHER TRANSACTION DOCUMENTS OR ANY OF
THE TRANSACTIONS CONTEMPLATED HEREUNDER OR THEREUNDER. EACH OF THE PARTIES
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,
IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)
ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER
TRANSACTION DOCUMENTS TO WHICH IT IS A PARTY, BY AMONG OTHER THINGS, THIS
WAIVER.

      Section 7.14. CONSENTS TO JURISDICTION. EACH OF THE PARTIES HERETO
IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR
THE SOUTHERN DISTRICT OF NEW YORK, ANY COURT IN THE STATE OF NEW YORK LOCATED IN
THE CITY AND COUNTY OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN
ANY ACTION, SUIT OR PROCEEDING BROUGHT AGAINST IT AND RELATED TO OR IN
CONNECTION WITH THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE
TRANSACTIONS CONTEMPLATED HEREUNDER OR THEREUNDER OR FOR RECOGNITION OR
ENFORCEMENT OF ANY JUDGMENT AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH SUIT OR ACTION OR
PROCEEDING MAY BE HEARD OR DETERMINED IN SUCH NEW YORK COURT OR, TO THE EXTENT
PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT
A FINAL JUDGMENT IN ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND
MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY LAW. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE
PARTIES HEREBY WAIVES AND AGREES NOT TO ASSERT BY WAY OF MOTION, AS A DEFENSE OR
OTHERWISE IN ANY SUCH SUIT, ACTION OR PROCEEDING, ANY CLAIM THAT IT IS NOT
PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURTS, THAT THE SUIT,

                                      -31-
<PAGE>

ACTION OR PROCEEDING BROUGHT IN AN INCONVENIENT FORUM, THAT THE VENUE OF THE
SUIT, ACTION OR PROCEEDING IS IMPROPER OR THAT THIS AGREEMENT OR ANY OF THE
OTHER TRANSACTION DOCUMENTS OR THE SUBJECT MATTER HEREOF OR THEREOF MAY NOT BE
LITIGATED IN OR BY SUCH COURTS. THE CONTRIBUTOR AND THE DEPOSITOR EACH HEREBY
DESIGNATES CT CORPORATION SYSTEM LOCATED AT 111 EIGHTH AVENUE, NEW YORK, NY
10011, AS ITS TRUE AND LAWFUL ATTORNEY AND DULY AUTHORIZED AGENT FOR ACCEPTANCE
OF SERVICE OF LEGAL PROCESS. EACH OF THE CONTRIBUTOR AND THE DEPOSITOR AGREES
THAT SERVICE OF SUCH PROCESS UPON SUCH PERSON SHALL CONSTITUTE PERSONAL SERVICE
OF SUCH PROCESS UPON IT.

      Section 7.15. Severability of Provisions. If one or more of the provisions
of this Agreement shall be held invalid for any reason, such provisions shall be
deemed severable from the remaining provisions of this Agreement and shall in no
way affect the validity or enforceability of such remaining provisions. To the
extent permitted by law, the parties hereto hereby waive any law which renders
any provision of this Agreement prohibited or unenforceable.

      Section 7.16. Rights Cumulative. All rights and remedies under this
Agreement are cumulative, and none is intended to be exclusive of another. No
delay or omission in insisting upon the strict observance or performance of any
provision of this Agreement, or in exercising any right or remedy, shall be
construed as a waiver or relinquishment of such provision, nor shall it impair
such right or remedy. Every right and remedy may be exercised from time to time
and as often as deemed expedient.

      Section 7.17. No Offset. Prior to the termination of this Agreement, the
obligations of the Contributor and the Depositor under this Agreement shall not
be subject to any defense, counterclaim or right of offset which the such Person
may have against the Issuer, the Contributor, the Depositor, the Servicer, any
Noteholder, the Collateral Agent, the Agent or the Indenture Trustee, whether in
respect of this Agreement, any Receivable or otherwise.

      Section 7.18. Assignment and Binding Effect. Except with respect to the
grant of this Agreement by the Issuer to the Indenture Trustee under the
Indenture and as expressly provided herein, this Agreement may be assigned only
with the written consent of the parties hereto and the Majority Holders;
however, in the event of an assignment, all provisions of this Agreement shall
be binding upon and inure to the benefit of the respective successors and
assigns of the parties hereto.

      Section 7.19. Captions. The article, paragraph and other headings
contained in this Agreement are for reference purposes only, and shall not limit
or otherwise affect the meaning hereof.

      Section 7.20. Legal Holidays. In the case where the date on which any
action required to be taken, document required to be delivered or payment
required to be made is not a Business Day, such action, delivery or payment need
not be made on that date, but may be made on the next succeeding Business Day.

                                      -32-
<PAGE>

      Section 7.21. Relationship of the Parties. The relationship of the parties
to this Agreement is that of independent contractors. Neither this Agreement nor
any of the activities contemplated hereby shall be deemed to create any
partnership, joint venture, agency or employer/employee relationship among the
Servicer and the Issuer.

      Section 7.22. Reports to Holders. Any report, notice or financial
statement delivered pursuant to this Agreement by the Servicer to the
Noteholders shall be provided by such Persons to each Noteholder at the address
last provided to the Servicer by the Indenture Trustee or such Noteholder.

      Section 7.23. Integration; Binding Effect; Survival of Terms.

                  (a) This Agreement and each other Transaction Document contain
            the final and complete integration of all prior expressions by the
            parties hereto with respect to the subject matter hereof and shall
            constitute the entire agreement among the parties hereto with
            respect to the subject matter hereof superseding all prior oral or
            written understandings.

                  (b) This Agreement shall be binding upon and inure to the
            benefit of the parties hereto and their respective successors and
            permitted assigns (including any trustee in bankruptcy). This
            Agreement shall create and constitute the continuing obligations of
            the parties hereto in accordance with its terms and shall remain in
            full force and effect until terminated in accordance with its terms;
            provided, however, that the rights and remedies with respect to (i)
            any breach of any representation and warranty made by the
            Contributor or Depositor pursuant to Article III and (ii) the
            indemnification and payment provisions of Article VI, and Section
            3.03, shall be continuing and shall survive any termination of this
            Agreement.

                                      -33-
<PAGE>

      IN WITNESS WHEREOF, the parties hereby have caused this Agreement to be
executed by their respective officers thereunto duly authorized as of the data
and year first above written.

                                              BAY VIEW ACCEPTANCE CORPORATION,as
                                               Contributor

                                              By  /S/ John K. Okubo
                                                  ------------------------------
                                              Name: John K. Okubo
                                              Title: Chief Financial Officer

                    Signature Page to Contribution Agreement

<PAGE>

                                              BAY VIEW WAREHOUSE CORPORATION,as
                                                 Depositor

                                              By   /S/ John K. Okubo
                                                  ------------------------------
                                              Name: John K. Okubo
                                              Title: Chief Financial Officer

                    Signature Page to Contribution Agreement

<PAGE>

                                    EXHIBIT A

                         FORM OF CONTRIBUTOR ASSIGNMENT

      THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Assignment") is made as of
_______________, 200__ (the "Contribution Date"), by and between BAY VIEW
ACCEPTANCE CORPORATION, a Nevada corporation ("Assignor"), and BAY VIEW
WAREHOUSE CORPORATION, a Delaware corporation ("Assignee"), with reference to
the following facts:

                                    RECITALS:

      A. In connection with the contribution of certain receivables and related
assets of Assignor in conjunction with the issuance on the Closing Date of notes
(the "Notes") by Bay View 2005 Warehouse Trust, Assignee and the Assignor have
executed the Contribution Agreement dated as of June 20, 2005 (the "Contribution
Agreement").

      B. In connection with the Contribution Agreement, the Assignor desires to
assign and transfer to Assignee all of Assignor's right, title and interest in
and to each of the Receivables listed in Schedule I hereto, and the related
Contributed Assets (the "Assets").

      C. Assignee desires to accept the Assignment and transfer of the Assets on
the Contribution Date.

      D. Terms used but not defined herein have the meanings ascribed to them in
the Contribution Agreement.

      NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged and in consideration of the mutual
covenants set forth herein, the Assignor and Assignee hereby agree as follows:

      1. Assignment. The Assignor hereby assigns, conveys, grants and transfers,
without recourse except as provided in the Contribution Agreement, to Assignee
(and the successors and assigns of Assignee) the following property:

                  1.1. The Assignor's right, title and interest in and to the
            Receivables and related Financed Vehicles and Contributed Assets
            described and listed on Schedule I hereto.

                  1.2. All of Assignor's right, title and interest in and to the
            Financed Vehicles.

                  1.3. All of Assignor's rights, title and interest in the other
            Contributed Assets relating to each such Receivable.

                                       A-1
<PAGE>

      2. Further Assurances. The Assignor and Assignee each hereby agree to
provide such further assurances and to execute and deliver such documents and to
perform all such other acts as are necessary or appropriate to consummate and
effectuate this Assignment, including, without limitation, Section 5.01 of the
Contribution Agreement.

      3. Distinct Entities. The Assignor and Assignee hereby acknowledge that
for all purposes the Assignor and Assignee are each separate and distinct legal
entities. Accordingly, the Assignor shall not be liable to any third party for
the debts, obligations and liabilities of the Assignee; and Assignee shall not
be liable to any third party for the debts, obligations and liabilities of the
Assignor.

      4. Governing Law. This Assignment shall be governed by and interpreted in
accordance with the laws of the State of New York, including Sections 5-1401 and
5-1402 of the New York General Obligations Law, but otherwise without regard to
the conflicts of law principles thereof.

      5. Authority. The Assignor and Assignee each hereby represent respectively
that they have full power and authority to enter into this Assignment.

      6. Counterparts. This Assignment may be executed in multiple counterparts,
each of which shall be deemed an original but all of which, taken together,
shall constitute one and the same instrument.

      7. Successors and Assigns; Third Party Beneficiaries. The Assignor and
Assignee each agree that this Assignment will be binding and will inure to the
benefit of the Assignor and its successors and assigns and the Assignee and its
successors and assigns. This Assignment shall inure to the benefit of the
Issuer, the Indenture Trustee on behalf of the Noteholders and their respective
successors and assigns.

                                      A-2
<PAGE>

      IN WITNESS WHEREOF, this Assignment has been executed as of the date first
above written.

                                              BAY VIEW ACCEPTANCE CORPORATION,
                                                Assignor

                                              By  ______________________________
                                                  Name:
                                                  Title:

                                              BAY VIEW WAREHOUSE CORPORATION,
                                                Assignee

                                              By  ______________________________
                                                  Name:
                                                  Title:

                                      A-3
<PAGE>

                                   SCHEDULE I

                                 LOAN SCHEDULE
<PAGE>

                                    EXHIBIT B

                                FORM OF CONTRACT

                                      B-1
<PAGE>

                                    EXHIBIT C

                     CONTRIBUTOR'S UNDERWRITING GUIDELINES

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