Document:

<PAGE>   1

                                                                     EXHIBIT 4.5

                       ADVANTA BUSINESS CARD MASTER TRUST

                                     Issuer

                                       and

                               ADVANTA BANK CORP.

                                  Administrator

                            ADMINISTRATION AGREEMENT

                     Dated as of [_____________ ____], 2000

<PAGE>   2

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            PAGE

<S>                                                                         <C>
1. Duties of Administrator ............................................        2

2. Records ............................................................        6

3. Compensation .......................................................        6

4. Additional Information to be Furnished to Issuer ...................        6

5. Independence of Administrator ......................................        6

6. No Joint Venture ...................................................        7

7. Other Activities of Administrator ..................................        7

8. Term of Agreement; Resignation and Removal of Administrator ........        7

9. Action upon Termination, Resignation or Removal ....................        8

10.Notices ............................................................        8

11.Amendments .........................................................        9

12.Successors and Assigns .............................................       10

13.GOVERNING LAW ......................................................       10

14.Headings ...........................................................       10

15.Counterparts .......................................................       10

16.Severability .......................................................       10

17.Not Applicable to ABC in Other Capacities ..........................       10

18.Limitation of Liability of Owner Trustee ...........................       11

19.Third-Party Beneficiary ............................................       11

20.Nonpetition Covenants ..............................................       11

21.Successor Administrator ............................................       11
</TABLE>

                                        i

<PAGE>   3

     ADMINISTRATION AGREEMENT, dated as of _____ __, 2000 (the "Administration
Agreement"), between ADVANTA BUSINESS CARD MASTER TRUST, a common law trust
organized and existing under the laws of the State of Delaware (herein, the
"Issuer"), and ADVANTA BANK CORP., a national banking association ("ABC"), as
administrator (herein, the "Administrator").

                              W I T N E S S E T H :

     WHEREAS, the Issuer has entered into a Master Indenture, dated as of
________ __, 2000 (as amended, modified or supplemented from time to time in
accordance with the provisions thereof, the "Indenture"), between the Issuer and
[________________________], a [_______________], as indenture trustee (the
"Indenture Trustee") to provide for the issuance of its asset backed notes (the
"Notes");

     WHEREAS, the Issuer has entered into certain agreements in connection with
the issuance of the Notes and of the beneficial ownership interest in the
Issuer, including (i) a Transfer and Servicing Agreement, dated as of __________
__, 2000 (as amended, modified or supplemented from time to time in accordance
with the provisions thereof, the "Transfer and Servicing Agreement"), among
Advanta Business Receivables Corp., as Transferor (the "Transferor"), ABC, as
Servicer (in such capacity, the "Servicer"), and the Issuer, (ii) [a Depository
Agreement, dated __________ __, 2000 (the "Depository Agreement"), among the
Issuer, the Indenture Trustee, and The Depository Trust Company, and (iii)] the
Indenture (the Transfer and Servicing Agreement, [the Depository Agreement,] the
Trust Agreement and the Indenture being hereinafter referred to collectively as
the "Related Agreements") (capitalized terms used herein and not defined herein
shall have the meanings assigned to such terms in the Transfer and Servicing
Agreement, or if not defined therein, in the Indenture or the Trust Agreement);

     WHEREAS, pursuant to the Related Agreements, the Issuer and the Owner
Trustee are required to perform certain duties in connection with (a) the Notes
and the collateral therefor pledged pursuant to the Indenture (the "Collateral")
and (b) the beneficial ownership interest in the Issuer (the holder of such
interest being referred to herein as the "Owner");

     WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator
perform certain of the duties of the Issuer and the Owner Trustee referred to in
the preceding clause, and to provide such additional services consistent with
the terms of this Agreement and the Related Agreements as the Issuer and the
Owner Trustee may from time to time request;

     WHEREAS, the Administrator has the capacity to provide the services
required hereby and is willing to perform such services for the Issuer and the
Owner Trustee on the terms set forth herein;

     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:

<PAGE>   4

     1. Duties of Administrator.

     (a) Duties with Respect to the Related Agreements.

     The Administrator shall consult with the Owner Trustee regarding the duties
of the Issuer and the Owner Trustee under the Related Agreements. The
Administrator shall monitor the performance of the Issuer and shall advise the
Owner Trustee when action is necessary to comply with the Issuer's or the Owner
Trustee's duties under the Related Agreements. The Administrator shall prepare
for execution by the Issuer or the Owner Trustee or shall cause the preparation
by other appropriate persons of all such documents, reports, filings,
instruments, certificates and opinions as it shall be the duty of the Issuer or
the Owner Trustee to prepare, file or deliver pursuant to any Related Agreement.
In furtherance of the foregoing, the Administrator shall take all appropriate
action that it is the duty of the Issuer or the Owner Trustee to take pursuant
to the Indenture including, without limitation, such of the foregoing as are
required with respect to the following matters under the Indenture (references
are to sections of the Indenture):

         (i) the preparation of or obtaining of the documents and instruments
required for authentication of the Notes, if any, and delivery of the same to
the Indenture Trustee (Section 2.03);

         (ii) the duty to cause the Note Register to be kept, to appoint a
successor Transfer Agent and Registrar, if necessary, and to give the Indenture
Trustee notice of any appointment of a new Transfer Agent and Registrar and the
location, or change in location, of the Note Register (Section 2.05);

         (iii) the furnishing to the Indenture Trustee, the Servicer, any
Noteholder or the Paying Agent with the names and addresses of Noteholders after
receipt of a written request therefor from the Indenture Trustee, the Servicer,
any Noteholder or the Paying Agent, respectively (Section 2.09(a));

         (iv) the preparation, obtaining or filing of the instruments, opinions
and certificates and other documents required for the release of collateral
(Sections 2.11 and 8.09);

         (v) the duty to direct the Indenture Trustee to deposit with any Paying
Agent the sums specified in the Indenture and the preparation of an Issuer Order
directing the investment of such funds in Eligible Investments (3.03);

         (vi) the duty to cause newly appointed Paying Agents, if any, to
deliver to the Indenture Trustee the instrument specified in the Indenture
regarding funds held in trust (Section 3.03);

         (vii) the direction to Paying Agents to pay to the Indenture Trustee
all sums held in trust by such Paying Agents (Section 3.03);

         (viii) the obtaining and preservation of the Issuer's qualification to
do business in each jurisdiction in which such qualification is or shall be
necessary to protect the validity and enforceability of the Indenture, the
Notes, the Collateral and each other instrument and agreement (Section 3.04);

                                        2

<PAGE>   5

         (ix) the preparation of all supplements, amendments, financing
statements, continuation statements, if any, instruments of further assurance
and other instruments necessary to protect the Collateral (Section 3.05);

         (x) the obtaining of the Opinion of Counsel on the Closing Date and the
annual delivery of Opinions of Counsel as to the Collateral, and the annual
delivery of the Officer's Certificate and certain other statements as to
compliance with the Indenture (Sections 3.06 and 3.09);

         (xi) the identification to the Indenture Trustee in an Officer's
Certificate of a Person with whom the Issuer has contracted to perform its
duties under the Indenture (Section 3.07(b));

         (xii) the delivery of notice to the Indenture Trustee of the occurrence
of any Servicer Default of which the Issuer has knowledge and the action, if
any, the Issuer is taking in connection with such default (Section 3.07(d));

         (xiii) the delivery to the Indenture Trustee, within 120 days after the
end of each fiscal year of the Issuer of an Officer's Certificate with respect
to various matters relating to compliance with the Indenture (Section 3.09);

         (xiv) the preparation and obtaining of documents, certificates,
opinions and instruments required in connection with the consolidation or merger
by the Issuer with or into any other Person or the sale of the Issuer's assets
substantially as an entirety to any Person (Section 3.10);

         (xv) the delivery of notice to the Indenture Trustee and the Rating
Agencies of (1) each Event of Default, (2) each default by the Servicer or the
Transferor under the Transfer and Servicing Agreement and (3) each default by a
seller under a Receivables Purchase Agreement (Section 3.19);

         (xvi) the monitoring of the Issuer's obligations as to the satisfaction
and discharge of the Indenture and the preparation of an Officer's Certificate
and the obtaining of the Opinion of Counsel and the Independent Certificate
relating thereto (Section 4.01);

         (xvii) the preparation of any written instruments required to confirm
more fully the authority of any co-trustee or separate trustee and any written
instruments necessary in connection with the resignation or removal of any
co-trustee or separate trustee (Sections 6.08 and 6.10);

         (xviii) the opening of one or more accounts in the Trust's name
(Section 8.03);

         (xix) the removal of the Indenture Trustee, if necessary and in
compliance with the Indenture, and the appointment of a successor (Section
6.08);

         (xx) the preparation of various reports to be filed with the Indenture
Trustee and the Commission, as applicable (Section 7.03);

                                        3

<PAGE>   6

         (xxi) notifying the Indenture Trustee if and when the Notes are listed
on any stock exchange (Section 7.04);

         (xxii) the preparation of an Issuer Request and Officer's Certificate
and the obtaining of an Opinion of Counsel and Independent Certificates, if
necessary, for the release of the Collateral (Sections 8.09 and 8.10);

         (xxiii) the taking of the steps necessary with respect to removing the
Indenture Trustee (Section 6.08).

         (xxiv) the preparation of Issuer Orders and the obtaining of Opinions
of Counsel with respect to the execution of supplemental indentures and the
mailing to the Noteholders of notices with respect to such supplemental
indentures (Sections 10.01, 10.02 and 10.03);

         (xxv) the execution of new Notes conforming to any supplemental
indenture (Section 10.06);

         (xxvi) the preparation of all Officers' Certificates, Opinions of
Counsel and Independent Certificates with respect to any requests by the Issuer
to the Indenture Trustee to take any action under the Indenture (Section
12.01(a));

         (xxvii) the preparation and delivery of Officers' Certificates and the
obtaining of Independent Certificates, if necessary, for the release of property
from the lien of the Indenture (Section 12.01(b));

         (xxviii) the notification to each Rating Agency of the information
required pursuant to Section 12.05 of the Indenture (Section 12.05);

         (xxix) the preparation and delivery to Noteholders and the Indenture
Trustee of any agreements with respect to alternate payment and notice
provisions (Section 12.06); and

         (xxx) compliance with the provisions of the Transfer and Servicing
Agreement applicable to the Issuer.

     (b) Additional Duties.

         (i) In addition to the duties of the Administrator set forth above, but
subject to Section 1(c)(ii), the Administrator shall perform all duties and
obligations of the Issuer under the Related Agreements and shall perform such
calculations and shall prepare for execution by the Issuer and shall cause the
preparation by other appropriate persons of all such documents, reports,
filings, instruments, certificates and opinions as it shall be the duty of the
Issuer or the Owner Trustee to prepare, file or deliver pursuant to the Related
Agreements, and at the request of the Issuer shall take all appropriate action
that it is the duty of the Issuer or the Owner Trustee to take pursuant to the
Related Agreements. Subject to Section 1(c)(ii) and 5 of this Agreement, and in
accordance with the directions of the Issuer, the Administrator shall
administer, perform or supervise the performance of such other activities in
connection with the Collateral (including the Related Agreements) as are

                                        4

<PAGE>   7

not covered by any of the foregoing provisions and as are expressly requested by
the Owner Trustee and are reasonably within the capability of the Administrator.

         (ii) The Administrator shall perform the duties of the Transferor
specified in Section 9.02 of the Trust Agreement required to be performed in
connection with the resignation or removal of the Owner Trustee, and any other
duties expressly required to be performed by the Transferor or the Administrator
under the Trust Agreement.

         (iii) In carrying out the foregoing duties or any of its other
obligations under this Agreement, the Administrator may enter into transactions
with or otherwise deal with any of its Affiliates; provided, however, that the
terms of any such transactions or dealings shall be in accordance with any
directions received from the Issuer or the Owner Trustee and shall be, in the
Administrator's opinion, no less favorable to the Issuer than would be available
from unaffiliated parties.

         (iv) It is the intention of the parties hereto that the Administrator
shall, and the Administrator hereby agrees to, prepare, file and deliver on
behalf of the Issuer all such documents, reports, filings, instruments,
certificates and opinions as it shall be the duty of the Issuer to prepare, file
or deliver pursuant to the Related Documents. In furtherance thereof, the Owner
Trustee shall, on behalf of the Issuer, execute and deliver to the Administrator
and its agents, and to each successor Administrator appointed pursuant to the
terms hereof, one or more powers of attorney substantially in the form of
Exhibit A hereto, appointing the Administrator the attorney-in-fact of the
Issuer for the purpose of executing on behalf of the Issuer all such documents,
reports, filings, instruments, certificates and opinions.

     (c) Non-Ministerial Matters.

         (i) With respect to matters that in the reasonable judgment of the
Administrator are non-ministerial, the Administrator shall not take any action
unless within a reasonable time before the taking of such action, the
Administrator shall have notified the Owner Trustee of the proposed action and
the Owner Trustee shall not have withheld consent or provided an alternative
direction. For the purpose of the preceding sentence, "non-ministerial matters"
shall include, without limitation:

          (A) the amendment of or any supplement to the Indenture;

          (B) the initiation of any claim or lawsuit by the Issuer and the
     compromise of any action, claim or lawsuit brought by or against the Issuer
     (other than in connection with the collection or enforcement of the
     Collateral);

          (C) the amendment, change or modification of the Related Agreements;

          (D) the appointment of successor Transfer Agents and Registrars,
     successor Paying Agents and successor Indenture Trustees pursuant to the
     Indenture or the appointment of successor Administrators, or the consent to
     the assignment by the Transfer Agent and Registrar, Paying Agent or
     Indenture Trustee of its obligations under the Indenture; and

                                        5

<PAGE>   8

         (E) the removal of the Indenture Trustee.

         (ii) Notwithstanding anything to the contrary in this Agreement, the
Administrator shall not be obligated to, and shall not, (x) make any payments
from its own funds to the Noteholders, the holders of Trust Beneficial Interests
or Certificates or any other Person under the Related Agreements, (y) sell the
Collateral pursuant to Section 5.05 of the Indenture other than pursuant to a
written directive of the Indenture Trustee or (z) take any other action that the
Issuer directs the Administrator not to take on its behalf.

     2. Records. The Administrator shall maintain appropriate books of account
and records relating to services performed hereunder, which books of account and
records shall be accessible for inspection by the Issuer, the Owner Trustee, the
Indenture Trustee and the Transferor at any time during normal business hours.

     3. Compensation. As compensation for the performance of the Administrator's
obligations under this Agreement, the Administrator shall be entitled to $___
per month which shall be payable in accordance with Section 4.05 of the
applicable Indenture Supplement. The Transferor shall be responsible for payment
of the Administrator's fees (to the extent not paid pursuant to Section 4.05 of
the applicable Indenture Supplement) and shall reimburse the Administrator for
any of its liabilities and extra out-of-pocket expenses related to its
performance hereunder or under any Related Document.

     4. Additional Information to be Furnished to Issuer. The Administrator
shall furnish to the Issuer from time to time such additional information
regarding the Collateral as the Issuer shall reasonably request.

     5. Independence of Administrator. For all purposes of this Agreement, the
Administrator shall be an independent contractor and shall not be subject to the
supervision of the Issuer or the Owner Trustee with respect to the manner in
which it accomplishes the performance of its obligations hereunder. Unless
expressly set forth herein or expressly authorized by the Issuer, the
Administrator shall have no authority to act for or represent the Issuer or the
Owner Trustee in any way and shall not otherwise be deemed an agent of the
Issuer or the Owner Trustee.

     6. No Joint Venture. Nothing contained in this Agreement shall (i)
constitute the Administrator and either of the Issuer or the Owner Trustee as
members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of them
any express, implied or apparent authority to incur any obligation or liability
on behalf of the others.

     7. Other Activities of Administrator. Nothing herein shall prevent the
Administrator or its affiliates from engaging in other businesses or, in its
sole discretion, from acting in a similar capacity as an administrator for any
other person or entity even though such person or entity may engage in business
activities similar to those of the Issuer, the Owner Trustee or the Indenture
Trustee.

                                        6

<PAGE>   9

     8. Term of Agreement; Resignation and Removal of Administrator.

     (a) This Agreement shall continue in force until the termination of the
Issuer, upon which event this Agreement shall automatically terminate.

     (b) Subject to Section 8(e) and (f), the Administrator may resign its
duties hereunder by providing the Issuer with at least sixty (60) days prior
written notice.

     (c) Subject to Section 8(e) and (f), the Issuer may remove the
Administrator without cause by providing the Administrator with at least sixty
(60) days prior written notice.

     (d) Subject to Section 8(e) and (f), at the sole option of the Issuer, the
Administrator may be removed immediately upon written notice of termination from
the Issuer to the Administrator if any of the following events shall occur:

         (i) the Administrator shall default in the performance of any of its
duties under this Agreement and, after notice of such default, shall not cure
such default within thirty (30) days (or, if such default cannot be cured in
such time, shall not give within thirty (30) days such assurance of cure as
shall be reasonably satisfactory to the Issuer);

         (ii) a court having jurisdiction in the premises shall enter a decree
or order for relief, and such decree or order shall not have been vacated within
sixty (60) days, in respect of the Administrator in any involuntary case under
any applicable bankruptcy, insolvency or other similar law now or hereafter in
effect or appoint a receiver, conservator, liquidator, assignee, custodian,
trustee, sequestrator or similar official for the Administrator or any
substantial part of its property or order the winding-up or liquidation of its
affairs; or

         (iii) the Administrator shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, shall consent to the entry of an order for relief in an involuntary case
under any such law, or shall consent to the appointment of a receiver,
liquidator, assignee, trustee, custodian, sequestrator or similar official for
the Administrator or any substantial part of its property, shall consent to the
taking of possession by any such official of any substantial part of its
property, shall make any general assignment for the benefit of creditors, shall
admit in writing its inability to pay its debts generally as they become due or
shall fail generally to pay its debts as they become due.

     The Administrator agrees that if any of the events specified in clause (ii)
or (iii) of this Section 8(d) shall occur, it shall give written notice thereof
to the Issuer and the Indenture Trustee within seven (7) days after the
happening of such event.

     (e) No resignation or removal of the Administrator pursuant to this Section
8 shall be effective until (i) a successor Administrator shall have been
appointed by the Issuer and (ii) such successor Administrator shall have agreed
in writing to be bound by the terms of this Agreement in the same manner as the
Administrator is bound hereunder.

     (f) The appointment of any successor Administrator shall be effective only
after satisfaction of the Rating Agency Condition with respect to the proposed
appointment.

                                        7

<PAGE>   10

     9. Action upon Termination, Resignation or Removal. Promptly upon the
effective date of termination of this Agreement pursuant to Section 8(a) or the
resignation or removal of the Administrator pursuant to Section 8(b), (c) or
(d), respectively, the Administrator shall be entitled to be paid all fees and
reimbursable expenses accruing to it to the date of such termination,
resignation or removal. The Administrator shall forthwith upon such termination
pursuant to Section 8(a) deliver to the Issuer all property and documents of or
relating to the Collateral then in the custody of the Administrator. In the
event of the resignation or removal of the Administrator pursuant to Section
8(b), (c) or (d), respectively, the Administrator shall cooperate with the
Issuer and take all reasonable steps requested to assist the Issuer in making an
orderly transfer of the duties of the Administrator.

     10. Notices. Any notice, report or other communication given hereunder
shall be in writing and addressed as follows:

     (a) if to the Issuer or the Owner Trustee, to

                           Advanta Business Card Master Trust
                           [c/o ___________________________
                           ________________________________
                           ________________________________

                           Attention: _____________________]

     (b) if to the Administrator , to

                           Advanta Bank Corp.
                           11850 South Election Road
                           Draper, Utah 84020
                           Attn:  [____________________]

     (c) if to the Indenture Trustee, to

                           [____________________________]

                           [____________________________]

                           [____________________________]

     (d) if to the Transferor, to

                           Advanta Business Receivables Corp.
                           639 Isbell Road, Suite 390
                           Reno, Nevada 89509
                           Attn: [____________________]

or to such other address as any party shall have provided to the other parties
in writing. Any notice required to be in writing hereunder shall be deemed given
if such notice is mailed by certified mail, postage prepaid, or hand-delivered
to the address of such party as provided above, except that notices

                                        8

<PAGE>   11

to the Indenture Trustee, the Transferor, the Administrator or the Issuer are
effective only upon receipt.

     11. Amendments. This Agreement may be amended from time to time, by a
written amendment duly executed and delivered by the Issuer, the Administrator
and the Transferor, with the written consent of the Owner Trustee, without the
consent of any of the Noteholders, the Transferor or the Owner, to cure any
ambiguity, to correct or supplement any provisions in this Agreement or for the
purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Agreement or modifying in any manner the rights of the
Noteholders or Owner; provided, however, that (i) such amendment will not, as
evidenced by an Officer's Certificate of the Administrator addressed and
delivered to the Owner Trustee, materially and adversely affect the interests of
any Noteholder or the Owner and (ii) the Rating Agency Condition will have been
satisfied with respect to such amendment.

     This Agreement may also be amended from time to time, by a written
amendment duly executed and delivered by the Issuer and the Administrator and
the Transferor, with the written consent of the Owner Trustee, the Holders of
Notes representing more than 50% of the Outstanding Amount of each adversely
affected Series, the Transferor and the Owner, for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
this Agreement or modifying in any manner the rights of Noteholders or the
Owner; provided, however, that, without the consent of the Holders of all of the
Notes then outstanding, 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 the Collateral or distributions that are required to be made for the
benefit of the Noteholders or (b) reduce the aforesaid portion of the
Outstanding Amount of the Notes, the Holders of which are required to consent to
any such amendment

     Prior to the execution of any such amendment or consent, the Administrator
shall furnish written notification of the substance of such amendment or consent
to each Rating Agency. Promptly after the execution of any such amendment or
consent, the Administrator shall furnish written notification of the substance
of such amendment or consent to the Indenture Trustee.

     It shall not be necessary for the consent of Noteholders pursuant to this
Section 11 to approve the particular form of any proposed amendment or consent,
but it shall be sufficient if such consent shall approve the substance thereof.

     12. Successors and Assigns. This Agreement may not be assigned by the
Administrator unless such assignment is previously consented to in writing by
the Issuer, the Transferor and the Owner Trustee and subject to the satisfaction
of the Rating Agency Condition in respect thereof. An assignment with such
consent and satisfaction, if accepted by the assignee, shall bind the assignee
hereunder in the same manner as the Administrator is bound hereunder.
Notwithstanding the foregoing, this Agreement may be assigned by the
Administrator without the consent of the Issuer, the Transferor, the Owner
Trustee or the Rating Agencies to a corporation or other organization that is a
successor (by merger, consolidation or purchase of assets) to the Administrator,
provided that such successor organization executes and delivers to the Issuer,
the Transferor and the Owner Trustee an agreement in which such corporation or
other organization agrees to be bound hereunder by the terms of said assignment
in the same manner as the Administrator is bound

                                        9

<PAGE>   12

hereunder. Subject to the foregoing, this Agreement shall bind any successors or
assigns of the parties hereto.

     13. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS
PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     14. Headings. The section headings hereof have been inserted for
convenience of reference only and shall not be construed to affect the meaning,
construction or effect of this Agreement.

     15. Counterparts. This Agreement may be executed in counterparts, each of
which when so executed shall together constitute but one and the same agreement.

     16. Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall 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.

     17. Not Applicable to ABC in Other Capacities. Nothing in this Agreement
shall affect any obligation ABC may have in any other capacity, other than as
Administrator.

     18. Limitation of Liability of Owner Trustee. Notwithstanding anything
contained herein to the contrary, this instrument has been signed by
[__________________] not in its individual capacity but solely in its capacity
as Owner Trustee of the Issuer and in no event shall [_________________] in its
individual capacity or any beneficial owner of the Issuer have any liability for
the representations, warranties, covenants, agreements or other obligations of
the Issuer hereunder, as to all of which recourse shall be had solely to the
assets of the Issuer. For all purposes of this Agreement, in the performance of
any duties or obligations of the Issuer hereunder, the Owner Trustee shall be
subject to, and entitled to the benefits of, the terms and provisions of
Articles IV, V, VI and VII of the Trust Agreement.

     19. Third-Party Beneficiary.

     (a) The Owner Trustee is a third-party beneficiary to this Agreement and is
entitled to the rights and benefits hereunder and may enforce the provisions
hereof as if it were a party hereto.

     (b) Solely with respect to any amounts owing to the Indenture Trustee
pursuant to Section 6.07 of the Indenture, the Indenture Trustee is a
third-party beneficiary to this Agreement and is entitled to the rights and
benefits hereunder and may enforce the provisions hereof as if it were a party
hereto.

     20. Nonpetition Covenants. Notwithstanding any prior termination of this
Agreement, the Administrator shall not at any time with respect to the Issuer or
the Transferor acquiesce, petition or otherwise invoke or cause the Issuer or
the Transferor to invoke the process of any court or

                                       10

<PAGE>   13

government authority for the purpose of commencing or sustaining a case against
the Issuer or the Transferor under any Federal or state bankruptcy, insolvency
or similar law or appointing a receiver, conservator, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of the Issuer or the
Transferor or any substantial part of its property, or ordering the winding up
or liquidation of the affairs of the Issuer or the Transferor; provided,
however, that this Section 20 shall not operate to preclude any remedy described
in Article V of the Indenture.

     21. Successor Administrator. In the event of a servicing transfer pursuant
to Article V of the Transfer and Servicing Agreement, the successor servicer
under the Transfer and Servicing Agreement shall, upon the date of such
servicing transfer, become the successor Administrator hereunder.
"Administrator" shall mean initially ABC and thereafter its permitted successor
and assigns as provided in Section 12 or any successor Administrator as provided
in this Section 21.

                            [SIGNATURE PAGE FOLLOWS]

                                       11

<PAGE>   14

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

                                       ADVANTA BUSINESS CARD MASTER TRUST

                                       By:    [_______________________________],
                                                not in its individual capacity
                                                but solely as Owner Trustee

                                       By:
                                            Name:
                                            Title:

                                       ADVANTA BANK CORP.,
                                          as Administrator

                                       By: _____________________________________
                                              Name:
                                              Title:

Acknowledged and Accepted:

ADVANTA BUSINESS RECEIVABLES CORP.,
    as Transferor

By:
     Name:
     Title:

<PAGE>   15

                                                                       EXHIBIT A
                                                     [Form of Power of Attorney]

                                POWER OF ATTORNEY

STATE OF DELAWARE      )
                       )
COUNTY OF _____________)

     KNOW ALL MEN BY THESE PRESENTS, that Advanta Business Card Master Trust, a
Delaware common law business trust ("Trust"), does hereby make, constitute and
appoint Advanta Bank Corp., as Administrator under the Administration Agreement
(as defined below), and its agents and attorneys, as Attorneys-in-Fact to
execute on behalf of the Trust all such documents, reports, filings,
instruments, certificates and opinions as it shall be the duty of the Trust to
prepare, file or deliver pursuant to the Related Documents (as defined in the
Administration Agreement), including, without limitation, to appear for and
represent the Trust in connection with the preparation, filing and audit of
federal, state and local tax returns pertaining to the Trust, and with full
power to perform any and all acts associated with such returns and audits that
the Trust could perform, including without limitation, the right to distribute
and receive confidential information, defend and assert positions in response to
audits, initiate and defend litigation, and to execute waivers of restriction on
assessments of deficiencies, consents to the extension of any statutory or
regulatory time limit, and settlements. For the purpose of this Power of
Attorney, the term "Administration Agreement" means the Administration
Agreement, dated as of _____ __, 2000, between the Trust and Advanta Bank Corp.,
as Administrator, and as such may be amended from time to time.

     This power of attorney is coupled with an interest and shall survive and
not be affected by the subsequent bankruptcy, insolvency or dissolution of the
Trust.

     All powers of attorney for this purpose heretofore filed or executed by the
Trust are hereby revoked.

     EXECUTED this ____ day of _________, 2000.

                                      ADVANTA BUSINESS CARD MASTER TRUST

                                      By:     [______________________________],
                                                  not in its individual capacity
                                                  but solely as Owner Trustee

                                      By:
                                              Name:
                                              Title:

                                       A-1<PAGE>

                                                                     EXHIBIT 4.2

                REGISTRATION RIGHTS AGREEMENT FOR COMMON STOCK

          This Registration Rights Agreement for Common Stock (the "Agreement")
is made and entered into September 30, 1997, by and among California Pizza
Kitchen, Inc., a California corporation (the "Company"), Bruckmann, Rosser,
Sherrill & Co., L.P., a Delaware limited partnership ("BRS"), the individuals
and entities set forth on Exhibit A hereto (the "Additional Investors"), and
Richard L. Rosenfield and Larry S. Flax (the "Founding Investors"). BRS, the
Additional Investors and the Founding Investors, each of whom in their
individual capacity and as Trustee under the California Pizza Kitchen, Inc.
Voting Trust Agreement, dated March 1, 1990, as amended March 2, 1990 (the
"Voting Trust Agreement"), with respect to the shares of stock subject thereto,
are sometimes referred to hereinafter individually as an "Investor" and
collectively as the "Investors."

          This Agreement is made pursuant to the Securities Holders Agreement
(as hereinafter defined). In order to induce the Investors to enter into the
Securities Holders Agreement, the Company has agreed to provide the registration
rights set forth in this Agreement.

          The parties hereby agree as follows:

          1. Definitions
             -----------

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

          "Affiliate" has the meaning set forth in Rule 12b-2 of the Rules
           ---------
promulgated under the Exchange Act.

          "Commission" means the Securities and Exchange Commission.
           ----------

          "Common Stock" means the Common Stock of the Company as adjusted for
           ------------
any stock dividend or distribution payable thereon or stock split, reverse stock
split, recapitalization, reclassification, reorganization, exchange, subdivision
or combination thereof.

          "Demand Registration" has the meaning set forth is Section 4(a) of
           -------------------
this Agreement.

          "Exchange Act" means the Securities Exchange Act of 1934, as amended
           ------------
from time to time.

          "Person" means an individual, partnership, corporation, trust or
           ------
unincorporated organization, or a government or agency or political subdivision
thereof.

          "Prospectus" means the prospectus included in any Registration
           ----------
Statement, as amended or supplemented by any prospectus supplement with respect
to the terms of the offering of any portion of the Registrable Securities
covered by such Registration Statement and all other amendments and supplements
to the Prospectus, including post-effective amendments, and all material
incorporated by reference in such Prospectus.
<PAGE>

          "Registration Expenses" means the costs and expenses of all
           ---------------------
registrations and qualifications under the Securities Act, and of all other
actions the Company is required to take in order to effect the registration of
Registrable Securities under the Securities Act pursuant to this Agreement
(including all federal and state registration and filing fees, printing
expenses, fees and disbursements of counsel for the Company and the fees and
expenses of the Company's independent public accountants (including the expenses
of any special audit and "cold comfort" letters required by or incident to such
registration)) other than the costs and expenses of any Investors whose
Registrable Securities are to be registered pursuant to this Agreement
comprising underwriters' commissions, brokerage fees, transfer taxes or the fees
and expenses of any accountants or other representatives retained by any
Investor.

          "Registration Statement"  means any registration statement of the
           ----------------------
Company which covers any of the Registrable Securities pursuant to the
provisions of this Agreement, including the Prospectus, amendments and
supplements to such Registration Statement, including post-effective amendments,
all exhibits and all material incorporated by reference in such Registration
Statement.

          "Registrable Securities" has the meaning set forth in Section 2 of
           ----------------------
this Agreement.

          "Securities Act" means the Securities Act of 1933, as amended from
           --------------
time to time.

          "Securities Holders Agreement" means the Securities Holders Agreement
           ----------------------------
dated as of the date hereof among the Company and the Investors.

          "Special Registration Statement" means a registration statement on
           ------------------------------
Forms S-8 or S-4 or any similar or successor form or any other registration
statement relating to an exchange offer or an offering of securities solely to
the Company's employees or security holders or used in connection with the
acquisition of the business of another person or entity or used to offer or sell
a combination of debt and equity securities of the Company in which (i) not more
than 10% of the gross proceeds from such offering is attributable to the equity
securities and (ii) after giving effect to such offering, the Company does not
have a class of equity securities required to be registered under the Securities
Exchange Act of 1934, as amended.

          "Underwritten registration" or "Underwritten offering" means a
           -------------------------      ---------------------
registration in which securities of the Company are sold to an underwriter for
reoffering to the public.

          2.  Registrable Securities. The securities entitled to the benefits of
              ----------------------
this Agreement are the Registrable Securities. As used herein, "Registrable
Securities" means the shares of Common Stock that are issued and outstanding on
the date hereof and the shares of Common Stock that become issued and
outstanding after the date hereof, in each case to the extent subject to the
Securities Holders Agreement; provided that each share of Common Stock shall
                              --------
cease to be a Registrable Security when (i) it has been effectively registered
under the Securities Act and disposed of in accordance with the registration
statement covering it; (ii) it is distributed to the public pursuant to Rule 144
(or any similar provisions then in force) under the Securities Act; or (iii) it
has otherwise been transferred and a new certificate or other evidence of
ownership for it not bearing a legend as set forth in Section 2.2 of the
Securities Holders Agreement (or other legend of similar import) and not subject
to any stop transfer order has been delivered by or on behalf of the Company and
no other restriction on transfer exists under the Securities Act.

                                      -2-
<PAGE>

     3.   Incidental Registration.
          -----------------------

          (a) Right to Include Common Stock. If the Company at any time proposes
              -----------------------------
to register any of its Common Stock under the Securities Act (other than on a
Special Registration Statement, but expressly including a Demand Registration
pursuant to Section 4(a) hereof), whether or not for sale for its own account,
it will each such time give at least 30 days prior written notice (the "Notice")
to all holders of Registrable Securities of its intention to file a registration
statement under the Securities Act and of such holders' rights under this
Section 3. Upon the written request of any such holders of Registrable
Securities made within 15 days of the date of the Notice (which request shall
specify the aggregate number of the Registrable Securities to be registered and
will also specify the intended method of disposition thereof), the Company will
effect the registration under the Securities Act of all Registrable Securities
which the Company has been so requested to register by the holders thereof (an
"Incidental Registration"), to the extent required to permit the public
disposition (in accordance with such intended methods thereof) of the
Registrable Securities to be so registered; provided, that (i) if, any time
                                            --------
after giving written notice of its intention to register shares of Common Stock
and prior to the effective date of the registration statement filed in
connection with such registration, the Company shall determine for any reason
not to register the Company's Common Stock, the Company shall give written
notice of such determination to each holder of Registrable Securities and,
thereupon, shall be relieved of its obligation to register any Registrable
Securities in connection with such registration (but not from its obligation to
pay the Registration Expenses in connection therewith); (ii) if a registration
requested pursuant to this Section 3 shall involve an underwritten public
offering, any holder of Registrable Securities requesting to be included in such
registration may elect, in writing at least 20 days prior to the effective date
of the registration statement filed in connection with such registration, not to
register such securities in connection with such registration; and (iii) if, at
any time after the 180-day or shorter period specified in Section 5(b), the sale
of the securities has not been completed, the Company may withdraw from the
registration on a pro rata basis (based on the number of Registrable Securities
requested by each holder of Registrable Securities to be so registered) the
Registrable Securities which the Company has been requested to register and
which have not been sold.

          (b) Priority in Incidental Registrations. If a registration pursuant
              ------------------------------------
to Section 3(a) involves an underwritten offering and the managing underwriter
advises the Company in writing that, in its opinion, the total number of shares
of Common Stock to be included in such registration, including the Registrable
Securities requested to be included pursuant to this Section 3, exceeds the
maximum number of shares of Common Stock specified by the managing underwriter
that may be distributed without adversely affecting the price, timing or
distribution of such shares of Common Stock, then the Company shall include in
such registration only such maximum number of Registrable Securities which, in
the reasonable opinion of such underwriter or underwriters, can be sold in the
following order of priority: (i) first, all of the shares of Common Stock that
the Company proposes to sell for its own account, if any, and (ii) second, the
Registrable Securities of BRS, the Additional Investors and the Founding
Investors requested to be included in such Incidental Registration. To the
extent that shares of Common Stock to be included in the Incidental Registration
must be allocated among the holders(s) of Registrable Securities pursuant to
clause (ii) above, such shares shall be allocated pro rata among the holders(s)
of Registrable Securities based on the number of shares of Common Stock that
such holders(s) of Registrable Securities shall have requested to be included
therein.

                                      -3-
<PAGE>

               (c)  Expenses. The Company will pay all Registration Expenses in
                    --------
connection with any registration of Registrable Securities requested pursuant to
this Section 3.

               (d)  Liability for Delay. The Company shall not be held
                    -------------------
responsible for any delay in the filing or processing of a registration
statement which includes any Registrable Securities due to requests by holders
of Registrable Securities pursuant to this Section 3 nor for any delay in
requesting the effectiveness of such registration statement.

               (e)  Participation in Underwritten Registrations. No holder of
                    -------------------------------------------
Registrable Securities may participate in any underwritten registration
hereunder unless such holder (i) agrees to sell his or its Common Stock on the
basis provided in any underwriting arrangements approved by the persons who have
selected the underwriter and (ii) accurately completes in a timely manner and
executes all questionnaires, powers of attorney, underwriting agreements and
other documents customarily required under the terms of such underwriting
arrangements.

          4.   Demand Registration
               -------------------

               (a)  Right to Demand Registration. Subject to Section 4(b) below,
                    ----------------------------
BRS shall be entitled to make a written request ("Demand Registration Request")
to the Company for registration with the Commission under and in accordance with
the provisions of the Securities Act of all or part of the Registrable
Securities owned by it (a "Demand Registration") (which Demand Registration
Request shall specify the intended number of Registrable Securities to be
disposed of by such holder and the intended method of disposition thereof);
provided, that (i) the Company may, if the Board of Directors so determines in
--------
the exercise of its reasonable judgment that due to a pending or contemplated
acquisition or disposition or public offering or other similar occurrence it
would be inadvisable to effect such Demand Registration at such time, defer such
Demand Registration for a single period not to exceed 180 days, and (ii) if the
Company elects not to effect the Demand Registration pursuant to the terms of
this sentence, no Demand Registration shall be deemed to have occurred for
purposes of this Agreement.

               (b)  Number of Demand Registrations. BRS shall be entitled to
                    ------------------------------
make one or more Demand Registration Requests at any time and from time to time
provided that the aggregate proceeds reasonably expected from the sale of
Registrable Securities (including Registrable Securities being sold by holders
of Registrable Securities other than BRS) pursuant to a Demand Registration are
$5 million or more. The Registration Expenses shall be borne by the Company.

               (c)  Priority on Demand Registration. If any of the Registrable
                    -------------------------------
Securities proposed to be registered pursuant to a Demand Registration are to be
sold in a firm commitment underwritten offering and the managing underwriter or
underwriters of a Demand Registration advise the Company and the holders of such
Registrable Securities in writing that in its or their reasonable opinion the
number of shares of Common Stock proposed to be sold in such Demand Registration
exceeds the maximum number of shares specified by the managing underwriter that
may be distributed without adversely affecting the price, timing or distribution
of the Common Stock, the Company shall include in such registration only such
maximum number of Registrable Securities which, in the reasonable opinion of
such underwriter or underwriters can be sold in the following order of priority:
(i) first, the Registrable Securities requested to be included in such Demand
Registration held by BRS, the Additional Investors and the Founding Investors,
provided that such
--------

                                      -4-
<PAGE>

amount shall be allocated among such other holders on a pro rata basis based
upon their respective percentage of ownership of the total number of shares of
Common Stock then outstanding and (ii) second, shares of Common Stock to be
offered by the Company in such Demand Registration.

          5.   Registration Procedures. If and whenever the Company is required
               -----------------------
to effect or cause the registration of any Registrable Securities under the
Securities Act as provided in this Agreement, the Company will, as expeditiously
as reasonably possible:

               (a)  prepare and file with the Commission a registration
statement with respect to such Registrable Securities, and use its best efforts
to cause such registration statement to become effective, provided, however,
                                                          --------  -------
that the Company may discontinue any registration of its securities which is
being effected pursuant to Sections 3 or 4 herein at any time prior to the
effective date of the registration statement relating thereto;

               (b)  prepare and file with the Commission such amendments and
supplements to such registration statement and the prospectus used in connection
therewith as may be necessary to keep such registration statement effective for
a period of not less than 180 days or such shorter period which will terminate
when all Registrable Securities covered by such registration statement have been
sold (but not before the expiration of the 90-day period referred to in Section
4(3) of the Securities Act and Rule 174 thereunder, if applicable) and comply
with the provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement during such period in
accordance with the intended methods of disposition by the seller or sellers
thereof set forth in such registration statement;

               (c)  furnish to each seller of such Registrable Securities such
number of copies of such registration statement and of each such amendment and
supplement thereof (in each case including all exhibits), such number of copies
of the prospectus included in such registration statement (including each
preliminary prospectus and summary prospectus), in conformity with the
requirements of the Securities Act, and such other documents as such seller may
reasonably request in order to facilitate the disposition of the Registrable
Securities by such seller;

               (d)  use its best efforts to register or qualify such Registrable
Securities covered by such registration statement under such other securities or
blue sky laws of such jurisdictions as each seller shall request, and do any and
all other acts and things which may be necessary or advisable to enable such
seller to consummate the disposition in such jurisdictions of the Registrable
Securities owned by such seller; provided, however, that the Company shall not
                                 --------  -------
be required to qualify generally to do business in any jurisdiction where it is
not then so qualified or to take any action which would subject it to general
service of process in any such jurisdiction where it is not then so subject or
subject itself to general taxation in any jurisdiction where it is not then so
subject;

               (e)  immediately notify each seller of any Registrable Securities
covered by such registration statement, at any time when a prospectus relating
thereto is required to be delivered under the Act within the appropriate period
mentioned in clause (b) of this Section 5, of the Company becoming aware that
the prospectus included in such registration statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material
fact required to be stated therein or necessary to make the statements therein
not misleading in the light of the circumstances then existing, and within ten
days prepare and furnish to all sellers a reasonable number of copies of an

                                      -5-
<PAGE>

amended or supplemental prospectus as may be necessary so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus
shall not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing;

                    (f)  use its best efforts to list such Registrable
Securities on any securities exchange on which the Common Stock is then listed
or NASDAQ if the Common Stock is then quoted on NASDAQ, if such Registrable
Securities are not already so listed or quoted and if such listing is then
permitted under the rules of such exchange or NASDAQ, and provide an independent
transfer agent and registrar for such Registrable Securities covered by such
registration statement not later than the effective date of such registration
statement;

                    (g)  furnish to each seller of Registrable Securities
covered by such registration statement a signed counterpart, addressed to such
seller (and the underwriters, if any) of:

                         (i)  an opinion of counsel for the Company, dated the
      effective date of such registration statement (or, if such registration
      involves an underwritten public offering, dated the date of the closing
      under the underwriting agreement), reasonably satisfactory in form and
      substance to the sellers of not less than 50% of such Registrable
      Securities (and the managing underwriter, if any); and

                         (ii)  a "comfort" letter, dated the effective date of
      such registration statement (or, if such registration involves an
      underwritten public offering, dated the date of the closing under the
      underwriting agreement), signed by the independent public accountants who
      have certified the Company's financial statements included in such
      registration statement, covering such matters with respect to such
      registration statement as are customarily covered in accountants' letters
      delivered to the underwriters in underwritten offerings of securities as
      may reasonably be requested by the sellers of not less than 50% of such
      Registrable Securities (and the managing underwriter, if any); and

                    (h)  make available for inspection by any seller of such
Registrable Securities covered by such registration statement, by any
underwriter participating in any disposition to be effected pursuant to such
registration statement and by any attorney, accountant or other agent retained
by any such seller or any such underwriter (individually, an "Inspector" and
collectively, the "Inspectors"), all pertinent financial and other records,
pertinent corporate documents and properties of the Company as shall be
reasonably necessary to enable them to exercise their due diligence
responsibility (collectively, the "Records"), and cause all of the Company's
officers, directors and employees to supply all information reasonably requested
by any such seller, underwriter, attorney, accountant or agent in connection
with such registration statement; provided that any Records that are designated
                                  --------
by the Company in writing as confidential shall be kept confidential by the
Inspectors unless (A) the disclosure of such Records is necessary to avoid or
correct a misstatement or omission in such registration statement or (B) the
release of such Records is ordered pursuant to a subpoena or other order from a
court of competent jurisdiction or by any regulatory authority having
jurisdiction. Each Investor agrees that non-public information obtained by it as
a result of such Inspections shall be deemed confidential and acknowledges its
obligations under the Federal securities laws not to trade any securities of the
Company on the basis of material non-public information.

                                      -6-
<PAGE>

               The Company may require each seller of Registrable Securities as
to which any registration is being effected promptly to furnish to the Company
(i) an opinion of counsel for such seller dated the effective date of the
registration statement relating to such seller's Registrable Securities (or, if
such registration involves an underwritten public offering, dated the date of
the closing under the underwriting agreement), reasonably satisfactory in form
and substance to the Company (and the managing underwriter, if any) and (ii)
such information regarding the distribution of such Registrable Securities as
may be legally required. Such information shall be furnished in writing and
shall state that it is being furnished for use in the registration statement.

               Each holder of Registrable Securities agrees by acquisition of
such Registrable Securities that, upon receipt of any notice from the Company of
the happening of any event of the kind described in clause (e) of this Section
5, such holder will forthwith discontinue disposition of Registrable Securities
pursuant to the registration statement covering such Registrable Securities
until such holder's receipt of the copies of the supplemented or amended
prospectus contemplated by clause (e) of this Section 5, and, if so directed by
the Company, such holder will deliver to the Company (at the Company's expense)
all copies, other than permanent file copies then in such holder's possession,
of the prospectus covering such Registrable Securities current at the time of
receipt of the Company's notice. In the event the Company shall give any such
notice, the period mentioned in clause (b) of this Section 5 shall be extended
by the number of days during the period from and including the date of the
giving of such notice pursuant to clause (e) of this Section 5 and including the
date when each seller of Registrable Securities covered by such registration
statement shall have received the copies of the supplemented or amended
prospectus contemplated by clause (e) of this Section 5.

               6.   Indemnification.
                    ---------------

                    (a)  Indemnification by the Company. The Company hereby
                         ------------------------------
agrees to indemnify and hold harmless each holder of Registrable Securities
which shall have been registered under the Securities Act, and such holder's
officers, directors and agents and each other Person, if any, who controls such
holder within the meaning of the Securities Act and each other Person (including
underwriters) who participates in the offering of such Registrable Securities
against any losses, claims, damages, liabilities, reasonable attorneys' fees,
costs or expenses (collectively, the "Damages"), joint or several, to which such
holder or controlling Person or participating Person may become subject under
the Securities Act or otherwise, insofar as such Damages (or proceedings in
respect thereof) arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact made by the Company or its agents
contained in any registration statement under which such Registrable Securities
are registered under the Securities Act, in any preliminary prospectus or final
prospectus contained therein, or in any amendment or supplement thereof, or
arise out of or are based upon the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the
statements therein not misleading, and will reimburse such holder of Registrable
Securities or such controlling Person or participating Person in connection with
investigating or defending any such Damages or proceeding; provided, however,
                                                           --------  -------
that the Company will not be liable in any such case to the extent that any such
Damages arise out of or are based upon (i) an untrue statement or alleged untrue
statement or omission or alleged omission made in such registration statement,
said preliminary or final prospectus or said amendment or supplement in reliance
upon and in conformity with written information furnished to the Company by such
holder or such controlling or participating Person, as the case may be,
specifically for use in the preparation thereof; or (ii) an untrue statement or
alleged untrue statement, omission or alleged omission in a prospectus if such
untrue statement or alleged untrue statement, omission or alleged omission is

                                      -7-
<PAGE>

corrected in an amendment or supplement to the prospectus which amendment or
supplement is delivered to such holder in a timely manner and such holder
thereafter fails to deliver such prospectus as so amended or supplemented prior
to or concurrently with the sale of such Registrable Securities to the Person
asserting such Damages.

               (b)  Indemnification by the Holders of Registrable Securities
                    --------------------------------------------------------
Which Are Registered. It shall be a condition of the Company's obligations under
--------------------
this Agreement to effect any registration under the Securities Act that there
shall have been delivered to the Company an agreement or agreements duly
executed by each holder of Registrable Securities to be so registered, whereby
such holder agrees to indemnify and hold harmless the Company, its directors,
officers and agents and each other Person, if any, which controls the Company
within the meaning of the Securities Act against any Damages, joint or several,
to which the Company, or such other Person or such Person controlling the
Company may become subject under the Securities Act or otherwise, but only to
the extent that such Damages (or proceedings in respect thereof) arise out of or
are based upon any untrue statements or alleged untrue statement of any material
fact contained, on the effective date thereof, in any registration statement
under which such Registrable Securities are registered under the Securities Act,
in any preliminary prospectus or final prospectus contained therein or in any
amendment or supplement thereto, or arise out of or are based upon the omission
or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading, which, in
each such case, has been made in or omitted from such registration statement,
said preliminary or final prospectus or said amendment or supplement in reliance
upon, and in conformity with, written information furnished to the Company by
such holder of Registrable Securities specifically for use in the preparation
thereof. The Company shall be entitled to receive indemnities from underwriters,
selling brokers, dealer managers and similar securities industry professionals
participating in the distribution, to the same extent as provided above, with
respect to information furnished in writing by such Persons specifically for
inclusion in any prospectus or registration statement.

               (c)  Conduct of Indemnification Proceedings. Any Person entitled
                    --------------------------------------
to indemnification hereunder shall (i) give prompt written notice to the
indemnifying party of the commencement of any action or proceeding involving a
claim referred to in the preceding paragraphs of this Section 6; and (ii) unless
the indemnified party has been advised by its counsel that a conflict of
interest exists between such indemnified and indemnifying parties under
applicable standards of professional responsibility, with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party. Whether or not such defense is
assumed by the indemnifying party, the indemnifying party will not be subject to
any liability for any settlement made without its consent (but such consent will
not be unreasonably withheld). No indemnifying party will consent to the entry
of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
indemnified party of a release from all liability in respect of such claim or
litigation; provided, however, that no indemnifying party will consent to the
            --------  -------
entry of any judgment or enter into any settlement (other than for the payment
of money only) without the consent of the indemnified party (which consent will
not be unreasonably withheld). An indemnifying party who is not entitled to, or
elects not to, assume the defense of the claim, will not be obligated to pay the
fees and expenses of more than one counsel for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment
of any indemnified party a conflict of interest may exist between such
indemnified party and any other such indemnified parties with respect to such

                                      -8-
<PAGE>

claim, in which event the indemnifying party shall be obligated to pay the fees
and expenses of such additional counsel or counsels.

               (d)  Contribution. If for any reason the indemnification
                    ------------
provided for in the preceding Sections 6(a) or 6(b) is unavailable to an
indemnified party in respect of any Damages referred to therein, the
indemnifying party shall contribute to the amount paid or payable by the
indemnified party as a result of such Damages in such proportion as is
appropriate to reflect not only the relative benefits received by the
indemnified party and the indemnifying party, but also the relative fault of the
indemnified party and the indemnifying party, as well as any other relevant
equitable considerations. The relative fault of such indemnifying party and
indemnified parties shall be determined by reference to, among other things,
whether any action in question, including any untrue or alleged untrue statement
of a material fact or omission or alleged omission to state a material fact, has
been made by, or relates to information supplied by, such indemnifying party or
indemnified parties, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such action; provided,
                                                               --------
however, that in no event shall the liability of any selling holder of
-------
Registrable Securities hereunder be greater in amount than the difference
between the dollar amount of the proceeds received by such holder upon the sale
of the Registrable Securities giving rise to such contribution obligation and
all amounts previously contributed by such holder with respect to such Damages.
No Person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of fraudulent misrepresentation.

          7.   Hold-Back Agreements
               --------------------

               (a)  Restrictions on Public Sale by Holder of Registrable
                    ----------------------------------------------------
Securities. Each holder of Registrable Securities whose Registrable Securities
----------
are eligible for inclusion in a Registration Statement filed pursuant to
Sections 3 or 4 agrees, if requested by the managing underwriter or underwriters
in an underwritten offering of any Registrable Securities, not to effect any
public sale or distribution of Registrable Securities, including a sale pursuant
to Rule 144 (or any similar provision then in force) under the Securities Act
(except as part of such underwritten registration), during the 10-day period
prior to, and during the 90-day period (or such shorter period as may be agreed
to by the parties hereto) beginning on the effective date of such Registration
Statement, to the extent timely notified in writing by the Company or the
managing underwriter or underwriters.

          The foregoing provisions shall not apply to any holder of Registrable
Securities if such holder is prevented by applicable statute or regulation from
entering into any such agreement; provided, however, that any such holder shall
undertake, in its request to participate in any such underwritten offering, not
to effect any public sale or distribution of Registrable Securities (except as
part of such underwritten registration) during such period unless it has
provided 45 days prior written notice of such sale or distribution to the
managing underwriter or underwriter.

               (b)  Restrictions on Public Sale by the Company and Others. The
                    -----------------------------------------------------
Company shall (i) not effect any public sale or distribution of any of its
Common Stock for its own account during the 10-day period prior to, and during
the 90-day period beginning on, the effective date of a Registration Statement
filed pursuant to Sections 3 or 4 (except as part of a Special Registration
Statement), and (ii) use reasonable efforts to cause each holder of Common Stock
purchased from the Company at any time after the date of this Agreement (other
than in a registered

                                      -9-
<PAGE>

public offering) to agree not to effect any public sale or distribution of any
such securities during such period, including a sale pursuant to Rule 144 under
the Securities Act (except as part of such underwritten registration, if
permitted).

          8.   Underwritten Registration
               -------------------------

          If any of the Registrable Securities covered by any Incidental
Registration are to be sold in an underwritten offering, the investment banker
or investment bankers and manager or managers that will administer the offering
will be selected by the Company and, in the case of a Demand Registration,
reasonably acceptable to BRS.

          Notwithstanding anything herein to the contrary, no Person may
participate in any underwritten registration hereunder unless such Person (a)
agrees to sell such Person's securities on the basis provided in any
underwritten arrangements approved by the Persons entitled hereunder to approve
such arrangement and (b) accurately completes and executes all questionnaires,
powers of attorney, indemnities, custody agreements, underwriting agreements and
other documents required under the terms of such underwriting arrangements.

          9.   Miscellaneous
               -------------

               (a)  Amendment and Modification. This Agreement may be amended
                    --------------------------
or modified, or any provision hereof may be waived, provided that such amendment
or waiver is set forth in a writing executed by (i) the Company, (ii) BRS (so
long as BRS and its Affiliates own in the aggregate at least 25% of the
outstanding Common Stock on a fully diluted basis), (iii) the holders of a
majority of the shares of the Registrable Securities held by Investors other
than BRS, and (iv) in the case of any amendment which materially and adversely
affects any Investor differently from any other Investor, such Investor. No
course of dealing between or among any persons having any interest in this
Agreement will be deemed effective to modify, amend or discharge any part of
this Agreement or any rights or obligations of any person under or by reason of
this Agreement.

               (b)  Survival of Representations and Warranties. All
                    ------------------------------------------
representations, warranties, covenants and agreements set forth in this
Agreement will survive the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby, regardless of any
investigation made by an Investor or on its behalf.

               (c)  Successors and Assigns: Entire Agreement. This Agreement
                    ----------------------------------------
and all of the provisions hereof shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and permitted assigns and
executors, administrators and heirs. This Agreement sets forth the entire
agreement and understandings among the parties as to the subject matter hereof
and merges and supersedes all prior discussions and understandings of any and
every nature among them.

               (d)  Separability. In the event that any provision of this
                    ------------
Agreement or the application of any provision hereof is declared to be illegal,
invalid or otherwise unenforceable by a court of competent jurisdiction, the
remainder of this Agreement shall not be affected except to the extent necessary
to delete such illegal, invalid or unenforceable provision unless that provision
held invalid shall substantially impair the benefits of the remaining portions
of this Agreement.

                                      -10-
<PAGE>

               (e)  Notices. All notices provided for or permitted hereunder
                    -------
shall be made in writing by hand-delivery, registered or certified first-class
mail, telex, telecopier or air courier guaranteeing overnight delivery to the
other party at the following addresses (or at such other address as shall be
given in writing by any party to the others):

               If to the Company:

               California Pizza Kitchen, Inc.
               6053 West Century Blvd., 11th Floor
               Los Angeles, California 90045-6442
               Attention: President
               Fax: (310) 575-5750
               Confirm: (310) 575-3000

               with a required copy to:

               Dechert Price & Rhoads
               4000 Bell Atlantic Tower
               1717 Arch Street
               Philadelphia, PA 19103
               Attention: G. Daniel O'Donnell, Esq.
               Fax: (215) 994-2222
               Confirm: (215) 994-2762

               If to BRS:

               Bruckmann, Rosser, Sherrill & Co., Inc.
               126 East 56th Street, 29th Floor
               New York, New York 10022
               Attention: Harold 0. Rosser II
               Fax: (212) 521-3799
               Confirm: (212) 521-3707

               with a required copy to:

               Dechert Price & Rhoads
               4000 Bell Atlantic Tower
               1717 Arch Street
               Philadelphia, PA 19103
               Attention: G. Daniel O'Donnell, Esq.
               Fax: (215) 994-2222
               Confirm: (215) 994-2762

                                      -11-
<PAGE>

               If to Richard L. Rosenfield or Larry S. Flax:

               c/o California Pizza Kitchen, Inc.
               6053 West Century Blvd., 11th Floor
               Los Angeles, California 90045-6442
               Fax: (310) 575-5750
               Confirm: (310) 575-3000

               in each case, with a required copy to:

               Stein & Kahan
               1299 Ocean Avenue, 4th Floor
               Santa Monica, California 90401
               Attention: Robert Kahan
               Fax: (310) 394-4759
               Confirm: (310) 458-6900

               All such notices shall be deemed to have been duly given: when
delivered by hand, if personally delivered; five business days after being
deposited in the mail, postage prepaid, if mailed; when answered back, if
telexed; when receipt acknowledged, if telecopied; and on the next business day,
if timely delivered to an air courier guaranteeing overnight delivery.

               (f)  Governing Law. The validity, performance, construction and
                    -------------
effect of this Agreement shall be governed by and construed in accordance with
the internal law of California, without giving effect to principles of conflicts
of law.

               (g)  Headings. The headings in this Agreement are for convenience
                    --------
of reference only and shall not constitute a part of this Agreement, nor shall
they affect their meaning, construction or effect.

               (h)  Counterparts. This Agreement may be executed in two or more
                    ------------
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original, and all of which taken
together shall constitute one and the same instrument.

               (i)  Further Assurances. Each party shall cooperate and take such
                    ------------------
action as may be reasonably requested by another party in order to carry out the
provisions and purposes of this Agreement and the transactions contemplated
hereby.

               (j)  Termination. Unless sooner terminated in accordance with its
                    -----------
terms, this Agreement shall terminate on the fifteenth anniversary of the date
of this Agreement; provided that the indemnification rights and obligations set
forth in Section 6 hereof shall survive the termination of this Agreement.

               (k)  Remedies. In the event of a breach or a threatened breach by
                    --------
any party to this Agreement of its obligations under this Agreement, any party
injured or to be injured by such breach, in addition to being entitled to
exercise all rights granted by law, including recovery of damages, will be
entitled to specific performance of its rights under this Agreement, it being
agreed

                                     -12-

<PAGE>

by the parties that the remedy at law, including monetary damages, for breach of
such provision will be inadequate compensation for any loss and that any defense
in any action for specific performance that a remedy at law would be adequate is
waived.

               (l)  Party No Longer Owning Securities. If a party hereto ceases
                    ---------------------------------
to own any Securities, such party will no longer be deemed to be an Investor for
purposes of this Agreement; provided that the indemnification rights and
obligations set forth in Section 6 hereof shall survive any such cessation of
ownership.

               (m)  Pronouns. Whenever the context may require, any pronouns
                    --------
used herein shall be deemed also to include the corresponding neuter, masculine
or feminine forms.

               (n)  No Effect on Employment. Nothing herein contained shall
                    -----------------------
confer on any Investor the right to remain in the employ of the Company or any
of its subsidiaries or Affiliates.

               (o)  Attorneys' Fees. In the event any party hereto commences any
                    ---------------
action to enforce any rights of such party hereunder, the prevailing party in
such action shall be entitled to recover such party's costs and expenses
incurred in such action, including, without limitation, reasonable attorneys'
fees.

                                     -13-

<PAGE>

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

                       CALIFORNIA PIZZA KITCHEN, INC.

                       By:   /s/  Richard C. Stockinger
                           --------------------------------------
                           Name:  Richard C. Stockinger
                           Title: Vice President

                       BRUCKMANN, ROSSER, SHERRILL & CO., L.P.
                       By BRS Partners, Limited Partnership, its general
                       partner,
                       By BRSE Associates, Inc., its general partner

                       By:   /s/  Harold O. Rosser
                           -------------------------------------
                           Name:  Harold O. Rosser
                           Title: Managing Director

                       /s/ Larry S. Flax
                       -----------------------------------------
                       Larry S. Flax
                       Individually and as trustee under the Voting Trust
                       Agreement

                       /s/ Richard L. Rosenfield
                       -----------------------------------------
                       Richard L. Rosenfield
                       Individually and as trustee under the Voting Trust
                       Agreement

                       /s/ Bruce C. Bruckmann *
                       -----------------------------------------
                       Bruce C. Bruckmann
                       Address:  125 East 84th Street, Apt. 5A
                                 New York, NY 10028

                       BCB FAMILY PARTNERS
                       By Bruce C. Bruckmann, General Partner

                       By: /s/ Bruce C. Bruckmann *
                           -----------------------------------------
                           Name:
                           Title:

                                     -14-

<PAGE>

                                        /s/ Donald Bruckmann *
                                        ---------------------------------------
                                        Donald Bruckmann
                                        Address:  66 East 79th Street
                                                  New York, NY 10021

                                        NAZ FAMILY PARTNERS
                                        By Nancy A. Zweng, General Partner

                                        By: /s/ Nancy A. Zweng *
                                            -----------------------------------
                                            Name:
                                            Title:

                                        /s/ Nancy A. Zweng *
                                        ---------------------------------------
                                        Nancy A. Zweng
                                        Address:  125 East 84th Street, Apt. 5A
                                                  New York, NY 10028

                                        /s/ H. Virgil Sherrill *
                                        ---------------------------------------
                                        H. Virgil Sherrill
                                        Address:  One Sutton Place South
                                                  New York, NY 10022

                                        /s/ Stephen C. Sherrill *
                                        ---------------------------------------
                                        Stephen C. Sherrill
                                        Address:  765 Park Avenue, Apt. 4B
                                                  New York, NY 10021

                                        /s/ Harold O. Rosser
                                        ---------------------------------------
                                        Harold O. Rosser
                                        Address:  499 Silvermine Road
                                                  New Canaan, CT 06840

                                        /s/ Paul D. Kaminski *
                                        ---------------------------------------
                                        Paul D. Kaminski
                                        Address:  54 W. 9th Street
                                                  New York, NY 10011

                                     -15-

<PAGE>

                                        /s/ J. Rice Edmonds*
                                        --------------------------------------
                                        J. Rice Edmonds
                                        Address:

                                        /s/ Marilena Tibrea*
                                        --------------------------------------
                                        Marilena Tibrea
                                        Address:

                                        FURMAN SELZ SBIC, L.P.
                                        By Furman Selz SBIC Investments L.L.C.

                                        By: /s/ James L. Luikart
                                           -----------------------------------
                                           James L. Luikart
                                           Title: EUD
                                           230 Park Avenue
                                           New York, NY 10169

                                        /s/ Roy Furman
                                        --------------------------------------
                                        Roy Furman
                                        Address:  230 Park Avenue
                                                  New York, NY 10169

                                        /s/ David Harris
                                        --------------------------------------
                                        David Harris
                                        Address:  230 Park Avenue
                                                  New York, NY 10169

                                        BANCBOSTON INVESTMENTS INC.

                                        By: /s/ Theresa A. Nibi
                                            ----------------------------------
                                            Name:  Theresa A. Nibi
                                            Title: Vice President

                                        /s/ Eric Gleacher
                                        --------------------------------------
                                        Eric Gleacher
                                        Address:  1133 Fifth Avenue
                                                  New York, NY 10128

                                     -16-

<PAGE>

                                      /s/ Robert Engel
                                      --------------------------------------
                                      Robert Engel
                                      Address:  425 West End Avenue, #7B
                                                New York, NY 10024

                                      /s/ James Goodwin
                                      --------------------------------------
                                      James Goodwin
                                      Address:  39 East 79th St.
                                                New York, NY 10021

                                      /s/ Emil Henry
                                      --------------------------------------
                                      Emil Henry
                                      Address:  654 Guard Hill Rd.
                                                Bedford, NY 10506

                                      /s/ Roger Hoit
                                      --------------------------------------
                                      Roger Hoit
                                      Address:  83 Blackburn Rd.
                                                Summit, NJ 07901

                                      /s/ H. Conrad Meyer III
                                      --------------------------------------
                                      H. Conrad Meyer III
                                      Address:  1 Woodland Ave.
                                                Bronxville, NY 10708

                                      /s/ David W. Mills
                                      --------------------------------------
                                      David Mills
                                      Address:  16 Highland Park Place
                                                Rye, NY 10580

                                      /s/ Charles Phillips
                                      --------------------------------------
                                      Charles Phillips
                                      Address:  775 Park Avenue
                                                New York, NY 10021

                                      /s/ Clayton J. Rohrbach, III
                                      --------------------------------------
                                      Clayton J. Rohrbach, III
                                      Address:  21 Clapboard Ridge Road
                                                Greenwich, CT 06830

                                     -17-

<PAGE>

                                        /s/ Jeffrey Tepper
                                        --------------------------------
                                        Jeffrey Tepper
                                        Address:  40 East 88th St., #5A
                                                  New York, NY 10128

                                        GLEACHER IV, L.P.

                                        By: /s/ Robert A. Engel
                                           -----------------------------
                                           Robert A. Engel
                                           General Partner
                                           c/o Gleacher Natwest, Inc.
                                           660 Madison Ave.
                                           New York, NY 10021

     * By Harold O. Rosser, as attorney-in-fact.

                                     -18-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}]]