Document:

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                                                                    EXHIBIT 10.2

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                           FORM OF PURCHASE AGREEMENT

                                     between

                                  [Originator],

                                       as

                                     Seller

                                       and

                             BAS SECURITIZATION LLC,

                                       as

                                    Purchaser

                         Dated as of [___________], 2001

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                               TABLE OF CONTENTS

<TABLE>
<S>           <C>                                                        <C>
                                    ARTICLE I
                                   DEFINITIONS

SECTION 1.1.  Definitions...............................................     1
SECTION 1.2.  Other Interpretive Provisions.............................     1

                                   ARTICLE II
                        PURCHASE AND SALE OF RECEIVABLES

SECTION 2.1.  Purchase and Sale of Receivables..........................     2
SECTION 2.2.  Receivables Purchase Price................................     3

                                   ARTICLE III
                         REPRESENTATIONS AND WARRANTIES

SECTION 3.1.  Representations and Warranties of Seller..................     3
SECTION 3.2.  Representations and Warranties as to Each Receivable......     4
SECTION 3.3.  Repurchase upon Breach....................................     7

                                   ARTICLE IV
                               COVENANTS OF SELLER

SECTION 4.1.  Protection of Title to Seller Assets......................     8
SECTION 4.2.  Liability of Seller; Indemnities..........................     9

                                    ARTICLE V
                            MISCELLANEOUS PROVISIONS

SECTION 5.1.  Obligations of Seller.....................................    10
SECTION 5.2.  Seller's Assignment of Purchased Receivables..............    10
SECTION 5.3.  Subsequent Transfer to Issuer and Indenture Trustee.......    10
SECTION 5.4.  Amendment.................................................    11
SECTION 5.5.  Waivers...................................................    12
SECTION 5.6.  Notices...................................................    12
SECTION 5.7.  Costs and Expenses........................................    12
SECTION 5.8.  Representations by Seller and Purchaser...................    12
SECTION 5.9.  Governing Law.............................................    13
SECTION 5.10. Counterparts..............................................    13

Exhibit A. -  Location of Seller and Purchaser
</TABLE>

                                       -i-

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                               PURCHASE AGREEMENT

      This PURCHASE AGREEMENT (as from time to time amended, supplemented or
otherwise modified and in effect, this "Agreement") is made as of this ___th day
of ___________, 2001 by and between [Originator], a national banking association
(the "Seller"), and BAS SECURITIZATION LLC, a Delaware limited liability company
(the "Purchaser").

      WHEREAS, in the regular course of its business, Seller purchases or
originates Motor Vehicle Loans secured by new and used automobiles and light
trucks from motor vehicle dealers;

      WHEREAS, Purchaser desires to purchase from Seller a portfolio of Motor
Vehicle Loans arising in connection with Motor Vehicle Loans purchased by the
Seller from Dealers or originated by Seller; and

      WHEREAS, Seller is willing to sell such Motor Vehicle Loans to Purchaser.

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, the parties hereto agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

      SECTION 1.1. Definitions. Capitalized terms are used in this Agreement as
defined in Appendix X to the Sale and Servicing Agreement among the [        ],
as issuer, the Purchaser, as seller, and [         ], as servicer, except that
references in Appendix X to the "Seller" shall be deemed to be references to
Purchaser hereunder and references to a "Seller Affiliate" shall be deemed to be
references to the Seller hereunder.

      SECTION 1.2. Other Interpretive Provisions. For purposes of this
Agreement, unless the context otherwise requires: (a) accounting terms not
otherwise defined in this Agreement, and accounting terms partly defined in this
Agreement to the extent not defined, shall have the respective meanings given to
them under generally accepted accounting principles; (b) terms defined in
Article 9 of the UCC and not otherwise defined in this Agreement are used as
defined in that Article; (c) the words "hereof," "herein" and "hereunder" and
words of similar import refer to this Agreement as a whole and not to any
particular provision of this Agreement; (d) references to any Article, Section,
Schedule or Exhibit are references to Articles, Sections, Schedules and Exhibits
in or to this Agreement and references to any paragraph, subsection, clause or
other subdivision within any Section or definition refer to such paragraph,
subsection, clause or other subdivision of such Section or definition; (e) the
term "including" means "including without limitation"; (f) except as otherwise
expressly provided herein, references to any law or regulation refer to that law
or regulation as amended from time to time and include any successor law or
regulation; (g) references to any Person include that Person's successors and
assigns; and (h) headings are for purposes of reference only and shall not
otherwise affect the meaning or interpretation of any provision hereof.

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                                   ARTICLE II

                        PURCHASE AND SALE OF RECEIVABLES

      SECTION 2.1. Purchase and Sale of Receivables. (a) Effective as of the
Closing Date and immediately prior to the transactions pursuant to the
Indenture, the Sale and Servicing Agreement and the Trust Agreement, Seller does
hereby sell, transfer, assign, set over and otherwise convey to Purchaser,
without recourse (subject to the obligations herein) (the "Seller Assets"):

            (i) all right, title and interest of Seller in and to the
      Receivables, and all moneys received thereon [on or] after the Cutoff
      Date;

            (ii) all right, title and interest of Seller in the security
      interests in the Financed Vehicles granted by Obligors pursuant to the
      Receivables and any other interest of Seller in the Financed Vehicles and
      any other property that shall secure the Receivables;

            (iii) the interest of Seller in any proceeds with respect to the
      Receivables from claims on any Insurance Policies covering Financed
      Vehicles or the Obligors or from claims under any lender's single interest
      insurance policy naming the Seller as an insured;

            (iv) rebates of premiums relating to Insurance Policies and rebates
      of other items such as extended warranties financed under the Receivables,
      in each case, to the extent the Servicer would, in accordance with its
      customary practices, apply such amounts to the Principal Balance of the
      related Receivable;

            (v) the interest of Seller in any proceeds from (i) any Receivable
      repurchased by a Dealer, pursuant to a Dealer Agreement, as a result of a
      breach of representation or warranty in the related Dealer Agreement, (ii)
      a default by an Obligor resulting in the repossession of the Financed
      Vehicle under the applicable Motor Vehicle Loan or (iii) any Dealer
      Recourse or other rights relating to the Receivables under Dealer
      Agreements;

            (vi) all right, title and interest of Seller in any instrument or
      document relating to the Receivables; and

            (vii) the proceeds of any and all of the foregoing.

      (b) The sale, transfer, assignment, setting over and conveyance made
hereunder shall not constitute and is not intended to result in an assumption by
Purchaser of any obligation of Seller to the Obligors, the Dealers or any other
Person in connection with the Receivables and the other assets and properties
conveyed hereunder or any agreement, document or instrument related thereto.

      SECTION 2.2. Receivables Purchase Price. In consideration for the Seller
Assets, Purchaser shall, on the Closing Date, pay to Seller the Receivables
Purchase Price. The "Receivables Purchase Price" shall be an amount equal to
100% of the sum of the following amounts: (i) the aggregate principal balance of
the Seller's Receivables as of the Cutoff Date;

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(ii) accrued interest on such Receivables from the last payment date on the
Receivables prior to Cutoff Date and to and including the day immediately
preceding the Closing Date; and (iii) [insert appropriate adjustments]. The
Receivables Purchase Price shall be paid by __________________ same day funds.

                                   ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

      SECTION 3.1. Representations and Warranties of Seller.

      Seller hereby makes the following representations and warranties upon
which Purchaser may rely. Such representations are made as of the execution and
delivery of this Agreement, but shall survive the sale, transfer and assignment
of the Receivables to Purchaser.

      (a) Organization and Good Standing. Seller has been duly organized and is
validly existing as [________________] in good standing under the laws of
[____________], with the power and authority to own its properties and to
conduct its business as such properties are presently owned and such business is
presently conducted and had at all relevant times, and has, power, authority and
legal right to acquire, own and sell the Seller Assets pursuant to Article II.

      (b) Power and Authority. Seller has the power, authority and legal right
to execute and deliver this Agreement and to carry out its terms and to sell and
assign the Seller Assets; and the execution, delivery and performance of this
Agreement has been duly authorized by Seller by all necessary corporate action.

      (c) No Consent Required. No approval, authorization, consent, license or
other order or action of, or filing or registration with, any governmental
authority, bureau or agency is required in connection with the execution,
delivery or performance of this Agreement or the consummation of the
transactions contemplated hereby or thereby, other than the filing of UCC
financing statements.

      (d) Valid Sale; Binding Obligation. Seller intends this Agreement to
effect a valid sale, transfer, and assignment of the Receivables and the other
properties and rights included in the Seller Assets conveyed by Seller to
Purchaser hereunder, enforceable against creditors of and purchasers from
Seller; and this Agreement constitutes a legal, valid and binding obligation of
Seller, enforceable against Seller in accordance with its terms, subject, as to
enforceability, to applicable bankruptcy, insolvency, reorganization,
conservatorship, receivership, liquidation and other similar laws affecting
enforcement of the rights of creditors generally and to equitable limitations on
the availability of specific remedies.

      (e) No Violation. The execution, delivery and performance by Seller of
this Agreement and the consummation of the transactions contemplated hereby will
not conflict with, result in any material breach of any of the terms and
provisions of, constitute (with or without notice or lapse of time) a material
default under or result in the creation or imposition of any Lien upon any of
its material properties pursuant to the terms of, (i) the [_____________] or
bylaws of Seller, (ii) any material indenture, contract, lease, mortgage, deed
of trust or other instrument or agreement to which Seller is a party or by which
Seller is bound, or (iii) any law,

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order, rule or regulation applicable to Seller of any federal or state
regulatory body, any court, administrative agency, or other governmental
instrumentality having jurisdiction over Seller.

      (f) No Proceedings. There are no proceedings or investigations pending,
or, to the knowledge of Seller, threatened, before any court, regulatory body,
administrative agency, or other tribunal or governmental instrumentality having
jurisdiction over Seller or its properties: (i) asserting the invalidity of this
Agreement or the transactions contemplated herein, (ii) seeking to prevent the
consummation of any of the transactions by this Agreement, (iii) seeking any
determination or ruling that might materially and adversely affect the
performance by Seller of its obligations under, or the validity or
enforceability of, this Agreement or the transactions contemplated herein, or
(iv) that may materially and adversely affect this Agreement or the transactions
contemplated hereby.

      (g) Chief Executive Office. The chief executive office of Seller is set
forth in Exhibit A attached hereto.

      SECTION 3.2. Representations and Warranties as to Each Receivable.

      Seller hereby makes the following representations and warranties as to
each Receivable conveyed by it to Purchaser hereunder on which Purchaser shall
rely in acquiring the Receivables. Unless otherwise indicated, such
representations and warranties shall speak as of the Closing Date, but shall
survive the sale, transfer and assignment of the Receivables to Purchaser
hereunder[,] [and] the sale, transfer and assignment of the Receivables to
Issuer under the Sale and Servicing Agreement, [and the pledge thereof to
Indenture Trustee pursuant to the Indenture.]

      (a) Characteristics of Receivables. The Receivable has been fully and
properly executed by the parties thereto and (i) is a Direct Loan made by an
Originator or has been originated by a Dealer in the ordinary course of such
Dealer's business and has been purchased by an Originator, in either case, in
the ordinary course of such Originator's business and in accordance with such
Originator's underwriting standards to finance the retail sale by a Dealer of
the related Financed Vehicle or has otherwise been acquired by the Seller, (ii)
the Originator of which has underwriting standards that require physical damage
insurance to be maintained on the related Financed Vehicle, (iii) is secured by
a valid, subsisting, binding and enforceable first priority security interest in
favor of the Seller in the Financed Vehicle (subject to administrative delays
and clerical errors on the part of the applicable government agency and to any
statutory or other lien arising by operation of law after the Closing Date which
is prior to such security interest), which security interest is assignable
together with such Receivable, and has been so assigned to Purchaser, and
subsequently assigned by Purchaser to the Issuer, (iv) contains customary and
enforceable provisions such that the rights and remedies of the holder thereof
are adequate for realization against the collateral of the benefits of the
security, (v) provided, at origination, for level monthly payments (provided
that the amount of the last payment may be different), which fully amortize the
Initial Principal Balance over the original term, (vi) provides for interest at
the Contract Rate specified in the Schedule of Receivables, (vii) was originated
in the United States and (viii) constitutes "chattel paper" as defined in the
UCC.

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      (b) Individual Characteristics. The Receivables have the following
individual characteristics as of the Cutoff Date; (i) each Receivable is secured
by either a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least
____% and not more than ____%; (iii) each Receivable had a remaining number of
scheduled payments, as of the Cutoff Date, of not less than ____ and not more
than ____; (iv) each Receivable had an Initial Principal Balance of not less
than $__________ and not more than $__________; (v) no Receivable was more than
30 days past due as of the Cutoff Date; (vi) no Financed Vehicle had been
repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force
placed Physical Damage Insurance Policy on the related Financed Vehicle; [(viii)
each Receivable is a Simple Interest Receivable;] and (ix) the Dealer of the
Financed Vehicle has no participation in, or other right to receive, any
proceeds of the Receivable. The Receivables were selected using selection
procedures that were not intended by Seller to be adverse to the Purchaser.

      (c) Schedule of Receivables. The information with respect to each
Receivable set forth in the Schedule of Receivables, including (without
limitation) the identity and address of the Obligor, account number, the Initial
Principal Balance, the maturity date and the Contract Rate, was true and correct
in all material respects as of the close of business on the Cutoff Date.

      (d) Compliance with Law. The Receivable complied at the time it was
originated or made, and will comply as of the Closing Date, in all material
respects with all requirements of applicable federal, state and local laws, and
regulations thereunder, including, to the extent applicable, usury laws, the
Federal Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit
Billing Act, the Fair Credit Reporting Act, the Federal Trade Commission Act,
the Magnuson-Moss Warranty Act, the Fair Debt Collection Practices Act, Federal
Reserve Board Regulations B and Z and any other consumer credit, consumer
protection, equal opportunity and disclosure laws.

      (e) Binding Obligation. The Receivable constitutes the genuine, legal,
valid and binding payment obligation in writing of the Obligor, enforceable in
all material respects by the holder thereof in accordance with its terms,
subject to the effect of bankruptcy, insolvency, reorganization, or other
similar laws affecting the enforcement of creditors' rights generally, and the
Receivable is not subject to any right of rescission, setoff, counterclaim or
defense, including the defense of usury.

      (f) Lien in Force. Seller has not taken any action which would have the
effect of releasing the related Financed Vehicle from the Lien granted by the
Receivable in whole or in part.

      (g) No Amendment or Waiver. No material provision of the Receivable has
been amended, waived, altered or modified in any respect, except such waivers as
would be permitted under this Agreement, and no amendment, waiver, alteration or
modification causes such Receivable not to conform to the other representations
or warranties contained in this Section 3.2.

      (h) No Liens. Seller has not received notice of any Liens or claims,
including Liens for work, labor, materials or unpaid state or federal taxes,
relating to the Financed Vehicle

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securing the Receivable, that are or may be prior to or equal to the Lien
granted by the Receivable.

      (i) No Default. Except for payment delinquencies continuing for a period
of not more than 30 days as of the Cutoff Date, to the knowledge of Seller, no
default, breach, violation or event permitting acceleration under the terms of
the Receivable exists and no continuing condition, that with notice or lapse of
time, or both, would constitute a default, breach, violation or event permitting
acceleration under the terms of the Receivable has arisen.

      (j) Insurance. The Receivable requires the Obligor to insure the Financed
Vehicle under a Physical Damage Insurance Policy, pay the premiums for such
insurance and keep such insurance in full force and effect.

      (k) Good Title. It is the intention of Seller that the transfer and
assignment herein contemplated constitute a sale of the Receivables from Seller
to Purchaser and that the beneficial interest in and title to the Receivables
not be part of Seller's estate in the event of the filing of a bankruptcy
petition or insolvency proceeding by or against Seller under any bankruptcy or
insolvency law. No Receivable has been sold, transferred, assigned, or pledged
by Seller to any Person other than Purchaser. Immediately prior to the transfer
and assignment herein contemplated, Seller had good and marketable title to the
Receivable free and clear of any Lien and had full right and power to transfer
and assign the Receivable to Purchaser and, immediately upon the transfer and
assignment of the Receivable to Purchaser, Purchaser shall have good and
marketable title to the Receivable, free and clear of any Lien; and Purchaser's
interest in the Receivable resulting from the transfer has been perfected under
the UCC.

      (l) Obligations. Seller has duly fulfilled all obligations on its part to
be fulfilled under, or in connection with, the Receivable.

      (m) Possession. There is only one original executed Receivable, and
immediately prior to the Closing Date, the Seller will have possession of such
original executed Receivable.

      (n) [No Government Obligor. The Obligor on the Receivable is not the
United States of America or any state thereof or any local government, or any
agency, department, political subdivision or instrumentality of the United
States of America or any state thereof or any local government.]

      (o) Marking Records. By the Closing Date, Seller shall have caused the
portions of Seller's electronic master record of Motor Vehicle Loans relating to
the Receivables to be clearly and unambiguously marked to show that the
Receivable is owned by Purchaser in accordance with the terms of this Agreement.

      (p) No Assignment. As of the Closing Date, Seller shall not have taken any
action to convey any right to any Person that would result in such Person having
a right to payments received under the Insurance Policies or Dealer Agreements,
or payments due under the Receivable, that is senior to, or equal with, that of
Purchaser.

      (q) Lawful Assignment. The Receivable has not been originated in, and is
not subject to the laws of, any jurisdiction under which the sale, transfer or
assignment of such Receivable

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hereunder or pursuant to transfers of the Notes or Certificates are unlawful,
void or voidable. Seller has not entered into any agreement with any Obligor
that prohibits, restricts or conditions the assignment of any portion of the
Receivables.

      (r) Dealer Agreements. A Dealer Agreement for each Receivable is in effect
whereby the Dealer warrants title to the Motor Vehicle and indemnifies the
Seller against the unenforceability of each Receivable sold thereunder, and the
rights of Seller thereunder, with regard to the Receivable sold hereunder, have
been validly assigned to and are enforceable against the Dealer by the
Purchaser, along with any Dealer Recourse.

      (s) Composition of Receivable. No Receivable has a Principal Balance which
includes capitalized interest or late charges.

      (t) Database File. The information included with respect to each
Receivable in the database file delivered pursuant to [Section 4.9(b)] of the
Sale and Servicing Agreement is accurate and complete in all material respects.

      SECTION 3.3. Repurchase upon Breach. Seller or Purchaser, as the case may
be, shall inform the other party to this Agreement promptly, in writing, upon
the discovery of any breach or failure to be true of the representations or
warranties made by Seller in Section 3.2; provided that the failure to give such
notice shall not affect any obligation of Seller. If the breach or failure shall
not have been cured by the last day of the Collection Period which includes the
60th day (or, if Seller elects, the 30th day) after the date on which Seller
becomes aware of, or receives written notice from Purchaser of, such breach or
failure, and such breach or failure materially and adversely affects the
interests of Issuer and the Holders in any Receivable, Seller shall repurchase
each such Receivable from Purchaser as of such last day of such Collection
Period at a purchase price equal to the Purchase Amount for such Receivable as
of such last day of such Collection Period. Notwithstanding the foregoing, any
such breach or failure with respect to the representations and warranties
contained in Section 3.2 will not be deemed to have such a material and adverse
effect with respect to a Receivable if the facts resulting in such breach or
failure do not affect the ability of Issuer to receive and retain payment in
full on such Receivable. In consideration of the purchase of a Receivable
hereunder, Seller shall (unless otherwise directed by Purchaser in writing)
deposit the Purchase Amount of such Receivable, no later than the close of
business on the next Deposit Date, in the Collection Account. The sole remedy of
Purchaser with respect to a breach or failure to be true of the representations
and warranties made by Seller pursuant to Section 3.2 shall be to require Seller
to repurchase Receivables pursuant to this Section 3.3.

                                   ARTICLE IV

                               COVENANTS OF SELLER

      Seller covenants and agrees with Purchaser as follows:

      SECTION 4.1. Protection of Title to Seller Assets. (a) Seller shall
execute and file such financing statements and cause to be executed and filed
such continuation statements, all in such manner and in such places as may be
required by law fully to preserve, maintain and protect the

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interest of Purchaser, Owner Trustee and Indenture Trustee in the Receivables
and the proceeds thereof. Seller shall deliver (or cause to be delivered) to
Purchaser file-stamped copies of, or filing receipts for, any document filed as
provided above, as soon as available following such filing.

      (b) Seller shall not change its name, identity or corporate structure in
any manner that would, could or might make any financing statement or
continuation statement filed in accordance with paragraph (a) above seriously
misleading within the meaning of Section 9-507 of the UCC, unless it shall have
given Purchaser, Owner Trustee and Indenture Trustee at least five days' prior
written notice thereof and shall have promptly filed appropriate amendments to
all previously filed financing statements or continuation statements.

      (c) Seller shall give Purchaser, Owner Trustee and Indenture Trustee at
least 60 days' prior written notice of any relocation of its principal executive
office if, as a result of such relocation, the applicable provisions of the UCC
would require the filing of any amendment of any previously filed financing or
continuation statement or of any new financing statement and shall promptly file
any such amendment or new financing statement.

      (d) Seller shall maintain its computer systems relating to installment
loan recordkeeping so that, from and after the time of sale under this Agreement
of its Receivables, Seller's master computer records (including any backup
archives) that refer to a Receivable shall indicate clearly the interest of
Purchaser, Issuer and Indenture Trustee in such Receivable and that such
Receivable has been sold to Purchaser and by Purchaser to Issuer and is owned by
Issuer and has been pledged to Indenture Trustee pursuant to the Indenture.
Indication of Purchaser's, Issuer's and Indenture Trustee's interest in a
Receivable shall be deleted from or modified on Seller's computer systems when,
and only when, the related Receivable shall have been paid in full or
repurchased by Seller or purchased by Servicer.

      (e) If at any time Seller shall propose to sell, grant a security interest
in or otherwise transfer any interest in automotive receivables to any
prospective purchaser, lender or other transferee, Seller shall give to such
prospective purchaser, lender or other transferee computer tapes, records or
printouts (including any restored from backup archives) that, if they shall
refer in any manner whatsoever to any Receivable, shall indicate clearly that
such Receivable has been sold to Purchaser and then sold by Purchaser to Issuer
and pledged to Indenture Trustee.

      (f) Seller shall permit Purchaser, Owner Trustee and Indenture Trustee and
its agents at any time during normal business hours to inspect, audit and make
copies of and abstracts from Seller's records regarding any Receivable.

      (g) Upon request at any time Purchaser, Owner Trustee or Indenture Trustee
shall have reasonable grounds to believe that such request is necessary in
connection with the performance of its duties under this Agreement or under any
of the Basic Documents, Seller shall furnish to Purchaser, within thirty (30)
Business Days, a list of all Receivables (by contract number and name of
Obligor) conveyed to Purchaser hereunder and then owned by Issuer, together with
a reconciliation of such list to the Schedule of Receivables and to each of
Servicer's Reports furnished before such request indicating removal of
Receivables from Issuer.

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      (h) Seller shall deliver or cause to be delivered to Purchaser, Owner
Trustee and Indenture Trustee:

            (1) promptly after the execution and delivery of this Agreement and
      of each amendment thereto, an Opinion of Counsel either (A) stating that,
      in the opinion of such counsel, all financing statements and continuation
      statements have been executed and filed that are necessary to fully
      preserve and protect the interest of Purchaser in the Receivables, and
      reciting the details of such filings or referring to prior Opinions of
      Counsel in which such details are given, or (B) stating that, in the
      opinion of such counsel, no such action shall be necessary to preserve and
      protect such interest; and

            (2) within 120 days after the beginning of each calendar year
      beginning with the first calendar year beginning more than three months
      after the Cutoff Date, an Opinion of Counsel, dated as of a date during
      such 120-day period, either (A) stating that, in the opinion of such
      counsel, all financing statements and continuation statements have been
      executed and filed that are necessary fully to preserve and protect the
      interest of Purchaser in the Receivables, and reciting the details of such
      filings or referring to prior Opinions of Counsel in which such details
      are given, or (B) stating that, in the opinion of such counsel, no such
      action shall be necessary to preserve and protect such interest.

      Each Opinion of Counsel referred to in clause (1) or (2) above shall
specify any action necessary (as of the date of such opinion) to be taken in the
following year to preserve and protect the Interest of Purchaser in the
Receivables.

      SECTION 4.2. Liability of Seller; Indemnities. Seller shall be liable in
accordance herewith only to the extent of the obligations specifically
undertaken by Seller under this Agreement.

      (a) Seller shall indemnify, defend and hold harmless Purchaser, Issuer,
Owner Trustee and Indenture Trustee and their respective officers, directors,
employees and agents from and against any taxes that may at any time be asserted
against any such Person with respect to, and on the date of, the sale of the
Receivables to Purchaser, including any sales, gross receipts, general
corporation, tangible personal property, privilege or license taxes (but, not
including any taxes asserted with respect to Federal or other income taxes
arising out of this Agreement and the other Basic Documents) and costs and
expenses in defending against the same.

      (b) Seller shall indemnify, defend and hold harmless Purchaser, Issuer,
Owner Trustee, Indenture Trustee, the Certificateholders, the Noteholders and
the officers, directors, employees and agents of Purchaser, Issuer, Owner
Trustee and Indenture Trustee from and against any and all costs, expenses,
losses, claims, damages and liabilities to the extent arising out of, or imposed
upon such Person through or as a result of (i) Seller's willful misfeasance, bad
faith or gross negligence in the performance of its duties under this Agreement,
and (ii) the failure of any Receivable conveyed by it to Purchaser hereunder, or
the sale of the related Financed Vehicle, to comply with all requirements of
applicable law.

      (c) Seller shall be liable as primary obligor for, and shall indemnify,
defend and hold harmless Purchaser and its officers, directors, employees and
agents from and against any and all

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costs, expenses, losses, claims, damages and liabilities arising out of, or
incurred in connection with, the acceptance or performance of the duties set
forth herein, except to the extent that such cost, expense, loss, claim, damage
or liability shall be due to the willful misfeasance, bad faith or negligence
(except for errors in judgment) of Purchaser.

Indemnification under this Section 4.2 shall survive the termination of this
Agreement and shall include reasonable fees and expenses of counsel and other
expenses of litigation. If Seller shall have made any indemnity payments
pursuant to this Section 4.2 and the Person to or on behalf of whom such
payments are made thereafter shall collect any of such amounts from others, such
Person shall promptly repay such amounts to Seller, without interest.

                                    ARTICLE V

                            MISCELLANEOUS PROVISIONS

      SECTION 5.1. Obligations of Seller. The obligations of Seller under this
Agreement shall not be affected by reason of any invalidity, illegality or
irregularity of any Receivable.

      SECTION 5.2. Seller's Assignment of Purchased Receivables. With respect to
all Receivables repurchased by Seller pursuant to this Agreement, Purchaser
shall assign, without recourse, representation or warranty, to Seller all
Purchaser's right, title and interest in and to such Receivables, and all
security and documents relating thereto.

      SECTION 5.3. Subsequent Transfer to Issuer and Indenture Trustee. Seller
acknowledges that:

      (a) Purchaser will, pursuant to the Sale and Servicing Agreement, sell the
Receivables to Issuer and assign its rights under this Agreement to the Owner
Trustee for the benefit of the Noteholders and the Certificateholders, and that
the representations and warranties contained in this Agreement and the rights of
Purchaser under Section 3.3 hereof are intended to benefit Issuer, the Owner
Trustee, the Noteholders and the Certificateholders. Seller hereby consents to
such sale and assignment.

      (b) Issuer will, pursuant to the Indenture, pledge the Receivables and its
rights under this Agreement to the Indenture Trustee for the benefit of the
Noteholders, and the representations and warranties contained in this Agreement
and the rights of Purchaser under this Agreement, including under Section 3.3
are intended to benefit the Indenture Trustee and the Noteholders. Seller hereby
consents to such pledge.

      SECTION 5.4. Amendment. (a) This Agreement may be amended by Seller and
the Purchaser, with the consent of the Servicer, Owner Trustee and Indenture
Trustee (which consent may not be unreasonably withheld), but without the
consent of any of the Noteholders or the Certificateholders:

            (i) to cure any ambiguity or defect, 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 in this
      Agreement; provided, that such action shall not, as evidenced by an
      Opinion of Counsel delivered to Purchaser, Owner Trustee and

                                       10
<PAGE>
      Indenture Trustee, adversely affect in any material respect the interests
      of any Noteholder or Certificateholder;

            (ii) (A) to add, modify or eliminate such provisions as may be
      necessary or advisable in order to enable all or a portion of Issuer to
      qualify as, and to permit an election to be made to cause all or a portion
      of Issuer to be treated as, a "financial asset securitization investment
      trust" as described in the provisions of the "Small Business Job
      Protection Act of 1996," or to enable all or a portion of the Issuer to
      qualify and an election to be made for similar treatment under such
      comparable subsequent federal income tax provisions as may ultimately be
      enacted into law, and (B) in connection with any such election, to modify
      or eliminate existing provisions set forth in this Agreement relating to
      the intended federal income tax treatment of the Notes or Certificates and
      Issuer in the absence of the election; it being a condition to any such
      amendment that each Rating Agency shall have notified the Seller,
      Purchaser, the Servicer, Indenture Trustee and the Owner Trustee in
      writing that the amendment will not result in a reduction or withdrawal of
      the rating of any outstanding Notes or Certificates with respect to which
      it is a Rating Agency; and

            (iii) to add, modify or eliminate such provisions as may be
      necessary or advisable in order to enable (a) the transfer to Issuer of
      all or any portion of the Receivables to be derecognized under GAAP by
      Purchaser to Issuer, (b) Issuer to avoid becoming a member of Purchaser's
      consolidated group under GAAP or (c) the Seller or Purchaser, or any of
      their Affiliates to otherwise comply with or obtain more favorable
      treatment under any law or regulation or any accounting rule or principle;
      it being a condition to any such amendment that each Rating Agency shall
      have notified the Seller, Purchaser, the Servicer, Indenture Trustee and
      the Owner Trustee in writing that the amendment will not result in a
      reduction or withdrawal of the rating of any outstanding Notes or
      Certificates with respect to which it is a Rating Agency.

      (b) This Agreement may also be amended from time to time by Seller and
Purchaser, with the consent of the Servicer, Owner Trustee and Indenture
Trustee, the consent of the Holders of Notes evidencing not less than a majority
of the Outstanding Amount of the Notes and the consent of the Holders of
Certificates evidencing not less than a majority of the Certificate Balance for
the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Agreement; provided that no such amendment shall
(i) increase or reduce in any manner the amount of, or accelerate or delay the
timing of, collections of payments on Receivables or distributions that shall be
required to be made for the benefit of the Noteholders or the Certificateholders
or (ii) reduce the aforesaid percentage of the Outstanding Amount of the Notes
and the Certificate Balance, the Holders of which are required to consent to any
such amendment, without the consent of the Holders of all the outstanding Notes
and the Holders of all the outstanding Certificates of each class affected
thereby.

      (c) Prior to the execution of any such amendment or consent, Purchaser
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, Purchaser shall furnish written notification of the substance of such
amendment or consent to each Noteholder and Certificateholder and to Servicer,
Owner Trustee and Indenture Trustee.

                                       11
<PAGE>
      (d) It shall not be necessary for the consent of Certificateholders or
Noteholders pursuant to this Section 5.4 to approve the particular form of any
proposed amendment or consent, but it shall be sufficient if such consent shall
approve the substance thereof.

      (e) Prior to the execution of any amendment to this Agreement, Purchaser,
Owner Trustee and Indenture Trustee shall be entitled to receive and rely upon
an Opinion of Counsel stating that the execution of such amendment is authorized
or permitted by this Agreement and that all conditions precedent to the
execution and delivery of such amendment have been satisfied and the Opinion of
Counsel referred to in Section 4.1(h)(i) has been delivered. Purchaser, Owner
Trustee and Indenture Trustee may, but shall not be obligated to, enter into any
such amendment which affects Purchaser's, Owner Trustee's or Indenture
Trustee's, as applicable, own rights, duties or immunities under this Agreement
or otherwise.

      SECTION 5.5. Waivers. No failure or delay on the part of Purchaser in
exercising any power, right or remedy under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power,
right or remedy preclude any other or further exercise thereof or the exercise
of any other power, right or remedy.

      SECTION 5.6. Notices. All demands, notices and communications pursuant to
this Agreement to either party shall be in writing, personally delivered, or
sent by telecopier, overnight mail or mailed by certified mail, return receipt
requested, and shall be deemed to have been duly given upon receipt at the
address set forth in Exhibit A attached hereto or at such other address as may
be designated by it by notice to the other party.

      SECTION 5.7. Costs and Expenses. Seller will pay all expenses incident to
the performance of its obligations under this Agreement. Purchaser agrees to pay
expenses incident to the performance of its obligations under this Agreement and
all expenses in connection with the perfection as against third parties of
Purchaser's right, title and interest in and to the Receivables.

      SECTION 5.8. Representations by Seller and Purchaser. The respective
agreements, representations, warranties and other statements by Seller and
Purchaser set forth in or made pursuant to this Agreement shall remain in full
force and effect and will survive the Closing Date.

      SECTION 5.9. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      SECTION 5.10. Counterparts. This Agreement may be executed in two or more
counterparts and by different parties on separate counterparts, each of which
shall be an original, but all of which together shall constitute one and the
same instrument.

                            [SIGNATURE PAGE FOLLOWS]

                                       12
<PAGE>
      IN WITNESS WHEREOF, the parties hereby have caused this Purchase Agreement
to be executed by their respective officers thereunto duly authorized as of the
date and year first above written.

                                       [ORIGINATOR]

                                       By:
                                           -------------------------------------
                                           Name:
                                                  ------------------------------
                                           Title:
                                                  ------------------------------

                                       BAS SECURITIZATION LLC

                                       By:
                                           -------------------------------------
                                           Name:
                                                  ------------------------------
                                           Title:
                                                  ------------------------------

<PAGE>
                                                                       EXHIBIT A

                        LOCATION OF SELLER AND PURCHASER

[ORIGINATOR]
Address for Notice:
[                       ]
 ----------------------

BAS SECURITIZATION LLC

Address for Notice:

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

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

------------------------<PAGE>

                                                                    Exhibit 10.3

                        FORM OF ADMINISTRATION AGREEMENT

       This ADMINISTRATION AGREEMENT, dated as of __________ ___, 200[ ] (as
from time to time amended, supplemented or otherwise modified and in effect,
this "Agreement"), is by and among [                       ], a _________
[common law trust] [limited liability company] (the "Issuer"),
[                       ], a [   ], as administrator (the "Administrator"),
and ___-_________, a ___________, not in its individual capacity but solely as
Indenture Trustee (the "Indenture Trustee").

       WHEREAS, the Issuer is issuing the Notes pursuant to the Indenture and
the Certificates pursuant to the Trust Agreement and has entered into certain
agreements in connection therewith, including (i) the Sale and Servicing
Agreement, (ii) the Depository Agreements, and (iii) the Indenture (the Sale and
Servicing Agreement, the Depository Agreements and the Indenture being referred
to hereinafter collectively as the "Related Agreements");

       WHEREAS, the Issuer and the Owner Trustee desire to have the
Administrator perform certain duties of the Issuer and the Owner Trustee under
the Related Agreements 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; and

       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 sufficiency
of which is hereby acknowledged, the parties hereto, intending to be legally
bound, agree as follows:

1. Definitions and Usage. Except as otherwise specified herein or as the context
may otherwise require, capitalized terms used but not otherwise defined herein
are defined in Appendix X to the Sale and Servicing Agreement, which also
contains rules as to usage that shall be applicable herein.

2. Duties of the Administrator. Duties with Respect to the Indenture and the
Depository Agreements.

       (a)    The Administrator agrees to perform all its duties as
              Administrator and the duties of the Issuer under the Depository
              Agreements. In addition, the Administrator shall consult with the
              Owner Trustee regarding the duties of the Issuer under the
              Indenture and the Depository Agreements.

<PAGE>

       (b)    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 duties under the Indenture and the Depository
              Agreements.

       (c)    The Administrator shall prepare for execution by the Issuer, or
              shall cause the preparation by appropriate persons of, all such
              documents, reports, filings, instruments, certificates and
              opinions that it shall be the duty of the Issuer to prepare, file
              or deliver pursuant to the Indenture and the Depository
              Agreements.

       (d)    In furtherance of the foregoing, the Administrator shall take all
              appropriate action that is the duty of the Issuer 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):

              (1)    the duty to cause the Note Register to be kept and to give
                     the Indenture Trustee notice of any appointment of a new
                     Note Registrar and the location, or change in location, of
                     the Note Register (Section 2.4);

              (2)    the preparation of or obtaining of the documents and
                     instruments required for authentication of the Notes and
                     delivery of the same to the Indenture Trustee (Section
                     2.2);

              (3)    the preparation, obtaining or filing of the instruments,
                     opinions and certificates and other documents required for
                     the release of property from the lien of the Indenture
                     (Section 2.9);

              (4)    the preparation of Definitive Notes in accordance with the
                     instructions of the Clearing Agency (Section 2.12);

              (5)    the maintenance of an office in the [ ], for registration
                     of transfer or exchange of Notes (Section 3.2);

              (6)    the duty to cause newly appointed Note Paying Agents, if
                     any, to deliver to the Indenture Trustee the instrument
                     specified in the Indenture regarding funds held in trust
                     (Section 3.3);

              (7)    the direction to the Indenture Trustee to deposit monies
                     with Note Paying Agents, if any, other than the Indenture
                     Trustee (Section 3.3);

              (8)    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 or agreement
                     included in the Trust Estate (Section 3.4);

              (9)    the preparation of all supplements and amendments to the
                     Indenture and all financing statements, continuation
                     statements, instruments of further

                                       2
<PAGE>

                     assurance and other instruments and the taking of such
                     other action as is necessary or advisable to protect the
                     Trust Estate (Section 3.5);

              (10)   the delivery of the Opinion of Counsel on the Closing Date
                     and the annual delivery of Opinions of Counsel as to the
                     Trust Estate, and the annual delivery of the Officer's
                     Certificate and certain other statements as to compliance
                     with the Indenture (Sections 3.6 and 3.9);

              (11)   the identification to the Indenture Trustee in an Officer's
                     Certificate of any Person with whom the Issuer has
                     contracted to perform its duties under the Indenture
                     (Section 3.7(b));

              (12)   the notification of the Indenture Trustee and the Rating
                     Agencies of an Event of Servicing Termination under the
                     Sale and Servicing Agreement and, if such Event of
                     Servicing Termination arises from the failure of the
                     Servicer to perform any of its duties under the Sale and
                     Servicing Agreement with respect to the Receivables, the
                     taking of all reasonable steps available to remedy such
                     failure (Section 3.7(d));

              (13)   the preparation and obtaining of documents and instruments
                     required for the transfer by the Issuer of its properties
                     or assets (Section 3.10(b));

              (14)   the duty to cause the Servicer to comply with Sections 4.9,
                     4.10 and 4.11 of the Sale and Servicing Agreement (Section
                     3.14);

              (15)   the delivery of written notice to the Indenture Trustee and
                     the Rating Agencies of each Event of Default under the
                     Indenture and each default by the Servicer or the Seller
                     under the Sale and Servicing Agreement (Section 3.18);

              (16)   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 Opinions of Counsel and the Independent Certificate
                     relating thereto (Section 4.1);

              (17)   the monitoring of the Issuer's obligations as to the
                     satisfaction, discharge and defeasance of the Notes and the
                     preparation of an Officer's Certificate and the obtaining
                     of an opinion of a nationally recognized firm of
                     independent certified public accountants, a written
                     confirmation thereof and the Opinions of Counsel relating
                     thereto (Section 4.1);

              (18)   the preparation and delivery of an Officer's Certificate to
                     the Indenture Trustee after the occurrence of any event
                     which with the giving of notice and the lapse of time would
                     become an Event of Default under Section 5.1(c) of the
                     Indenture, its status and what action the Issuer is taking
                     or proposes to take with respect thereto (Section 5.1);

                                       3
<PAGE>

              (19)   the compliance with any written directive of the Indenture
                     Trustee with respect to the sale of the Trust Estate at one
                     or more public or private sales called and conducted in any
                     manner permitted by law if an Event of Default shall have
                     occurred and be continuing (Section 5.4);

              (20)   the preparation and delivery of notice to Noteholders of
                     the removal of the Indenture Trustee and the appointment of
                     a successor Indenture Trustee (Section 6.8);

              (21)   the preparation of any written instruments required to
                     confer 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 6.8 and 6.10);

              (22)   the furnishing of the Indenture Trustee with the names and
                     addresses of Noteholders during any period when the
                     Indenture Trustee is not the Note Registrar (Section 7.1);

              (23)   the preparation and, after execution by the Issuer, the
                     filing with the Commission, any applicable state agencies
                     and the Indenture Trustee of documents required to be filed
                     on a periodic basis with, and summaries thereof as may be
                     required by rules and regulations prescribed by, the
                     Commission and any applicable state agencies and the
                     transmission of such summaries, as necessary, to the
                     Noteholders (Section 7.3);

              (24)   the preparation and delivery of Issuer Orders, Officer's
                     Certificates and Opinions of Counsel and all other actions
                     necessary with respect to investment and reinvestment, to
                     the extent permitted, of funds in Trust Accounts (Sections
                     8.2 and 8.3);

              (25)   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 Trust Estate (Sections 8.4 and 8.5);

              (26)   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 9.1, 9.2 and 9.3);

              (27)   the execution and delivery of new Notes conforming to any
                     supplemental indenture (Section 9.6);

              (28)   the notification of Noteholders of redemption of the Notes
                     or duty to cause the Indenture Trustee to provide such
                     notification (Section 10.2);

              (29)   the preparation and delivery of all Officer's Certificates
                     and the obtaining of Opinions of Counsel and Independent
                     Certificates with respect to any

                                       4
<PAGE>

                     requests by the Issuer to the Indenture Trustee to take any
                     action under the Indenture (Section 11.1(a));

              (30)   the preparation and delivery of Officer's Certificates and
                     the obtaining of Independent Certificates, if necessary,
                     for the release of property from the lien of the Indenture
                     (Section 11.1(b));

              (31)   the notification of the Rating Agencies, upon the failure
                     of the Indenture Trustee to give such notification, of the
                     information required pursuant to Section 11.4 of the
                     Indenture (Section 11.4);

              (32)   the preparation and delivery to Noteholders and the
                     Indenture Trustee of any agreements with respect to
                     alternate payment and notice provisions (Section 11.6); and

              (33)   the recording of the Indenture, if applicable (Section
                     11.15).

       (e)    Payment of Fees by the Administrator:

              (1)    [the Administrator will pay the Indenture Trustee from time
                     to time reasonable compensation for all services rendered
                     by the Indenture Trustee under the Indenture (which
                     compensation shall not be limited by any provision of law
                     in regard to the compensation of a trustee of an express
                     trust);] and

              (2)    [except as otherwise expressly provided in the Indenture,
                     reimburse the Indenture Trustee upon its request for all
                     reasonable expenses, disbursements and advances incurred or
                     made by the Indenture Trustee in accordance with any
                     provision of the Indenture (including the reasonable
                     compensation, expenses and disbursements of its agents and
                     counsel), except any such expense, disbursement or advance
                     as may be attributable to its negligence or bad faith.]

       (f)    Additional Duties. In addition to the duties of the Administrator
              set forth above, the Administrator shall perform such calculations
              and shall prepare or shall cause the preparation by other
              appropriate persons of, and shall execute on behalf of the Issuer
              or the Owner Trustee, all such documents, reports, filings,
              instruments, certificates and opinions that 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
              Owner Trustee 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 5 of this Agreement, and in
              accordance with the directions of the Owner Trustee, the
              Administrator shall administer, perform or supervise the
              performance of such other activities in connection with the
              Collateral (including the Related Agreements) as are 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:

                                       5
<PAGE>

              (1)    Notwithstanding anything in this Agreement or the Related
                     Agreements to the contrary, the Administrator shall be
                     responsible for promptly notifying the Owner Trustee in the
                     event that any withholding tax is imposed on the Issuer's
                     payments (or allocations of income) to a Certificateholder
                     as contemplated in Section 5.2(c) of the Trust Agreement.
                     Any such notice shall specify the amount of any withholding
                     tax required to be withheld by the Owner Trustee pursuant
                     to such provision.

              (2)    Notwithstanding anything in this Agreement or the Related
                     Agreements to the contrary, the Administrator shall be
                     responsible for performance of the duties of the Trust or
                     the Owner Trustee set forth in Section 5.5(a), (b), (c),
                     (d) and (e) and Section 5.6(a) of the Trust Agreement with
                     respect to, among other things, accounting and reports to
                     Certificateholders.

              (3)    The Administrator will provide prior to __________ ___,
                     200[ ], a certificate of an Authorized Officer in form and
                     substance satisfactory promptly notify the Owner Trustee as
                     to whether any tax withholding is then required and, if
                     required, the procedures to be followed with respect
                     thereto to comply with the requirements of the Code. The
                     Administrator shall be required to update the letter in
                     each instance that any additional tax withholding is
                     subsequently required or any previously required tax
                     withholding shall no longer be required.

              (4)    The Administrator shall perform the duties of the
                     Administrator specified in Section 10.2 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
                     Administrator pursuant to the Trust Agreement.

              (5)    In carrying out the foregoing duties or any of its other
                     obligations under this Agreement, the Administrator may
                     enter into transactions 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 and shall be, in the
                     Administrator's opinion, no less favorable to the Issuer
                     than would be available from unaffiliated parties.

       (g)    Non-Ministerial Matters. 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:

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

                                       6
<PAGE>

              (2)    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 of the Receivables or Permitted Investments);

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

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

              (5)    the removal of the Indenture Trustee.

       (h)    Notwithstanding anything to the contrary in this Agreement, the
              Administrator shall not be obligated to, and shall not, (x) make
              any payments to the Noteholders under the Related Agreements, (y)
              sell the Trust Estate pursuant to Section 5.4 of the Indenture or
              (z) take any other action that the Issuer directs the
              Administrator not to take on its behalf.

3. 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 and the Seller at any
time during normal business hours.

4. Compensation. As compensation for the performance of the Administrator's
obligations under this Agreement and, as reimbursement for its expenses related
thereto, the Administrator shall be entitled to $_____ annually which shall be
solely an obligation of the Servicer.

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

6. Independence of the 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 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.

7. No Joint Venture. Nothing contained in this Agreement shall 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, shall be construed to impose any liability as such on any
of them or shall 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
<PAGE>

8. 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.

9. Term of Agreement; Resignation and Removal of Administrator. (a) This
Agreement shall continue in force until the dissolution of the Issuer, upon
which event this Agreement shall automatically terminate.

       (b)    Subject to Sections 9(e) and 9(f), the Administrator may resign
              its duties hereunder by providing the Issuer with at least sixty
              (60) days' prior written notice.

       (c)    Subject to Sections 9(e) and 9(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 Sections 9(e) and 9(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:

              (1)    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 ten (10)
                     days (or, if such default cannot be cured in such time,
                     shall not give within ten (10) days such assurance of cure
                     as shall be reasonably satisfactory to the Issuer);

              (2)    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, 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

              (3)    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,
                     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 or shall fail generally to pay its debts as they
                     become due.

                                       8
<PAGE>

              The Administrator agrees that if any of the events specified in
              clauses (2) or (3) of this Section 9(c) shall occur, it shall give
              written notice thereof to the Issuer and the Trustee within seven
              (7) days after the happening of such event.

       (e)    No resignation or removal of the Administrator pursuant to this
              Section 9 shall be effective until (1) a successor Administrator
              shall have been appointed by the Issuer and (2) 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.

       (g)    Subject to Sections 9(e) and 9(f), the Administrator acknowledges
              that upon the appointment of a successor Servicer pursuant to the
              Sale and Servicing Agreement, the Administrator shall immediately
              resign and such successor Servicer shall automatically become the
              Administrator under this Agreement.

10. Action upon Termination, Resignation or Removal. Promptly upon the effective
date of termination of this Agreement pursuant to Section 9(a) or the
resignation or removal of the Administrator pursuant to Section 9(b) or (c),
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 9(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
9(b) or (c), 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.

11. 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:

                      [                                 ]
                      c/o ______________________________

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

                      ----------------------------------
                      Attention:  ______________________
                      Telephone:  ______________________
                      Telecopy:  _______________________

                                       9
<PAGE>

       (b)    if to the Administrator, to:

                      [                                 ]
                      [                                 ]
                      [                                 ]
                      Attention:  ______________________
                      Telephone:  ______________________
                      Telecopy:  _______________________

       (c)    If to the Indenture Trustee, to:

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

                      ----------------------------------
                      Attention:  ______________________
                      Telephone:  ______________________
                      Telecopy:  _______________________

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.

12. 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
Indenture Trustee, with the written consent of the Owner Trustee, without the
consent of the Noteholders and the Certificateholders, for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of the Noteholders or
Certificateholders; provided that, unless the Rating Agency Condition shall have
been satisfied, such amendment will not, as set forth in an Opinion of Counsel
satisfactory to the Indenture Trustee and the Owner Trustee, materially and
adversely affect the interest of any Noteholder or Certificateholder. This
Agreement may also be amended by the Issuer, the Administrator and the Indenture
Trustee with the written consent of the Owner Trustee and the Noteholders of
Notes evidencing not less than a majority of the Notes Outstanding and the
Certificateholders of Certificates evidencing not less than a majority of the
Certificate Balance for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of Noteholders or the Certificateholders;
provided, however, that no such amendment may increase or reduce in any manner
the amount of, or accelerate or delay the timing of, collections of payments on
Receivables or distributions that are required to be made for the benefit of the
Noteholders or Certificateholders or reduce the aforesaid percentage of the
Noteholders and Certificateholders which are required to consent to any such
amendment, without the consent of the Noteholders of all the Notes Outstanding
and Certificateholders of Certificates evidencing all the Certificate Balance.
Notwithstanding the foregoing, the Administrator may not amend this Agreement
without the consent of the Seller, which permission shall not be unreasonably
withheld.

13. Successors and Assigns. This Agreement may not be assigned by the
Administrator unless such assignment is previously consented to in writing by
the Issuer and the Owner Trustee

                                       10
<PAGE>

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

14. Governing Law. This agreement shall be construed in accordance with the laws
of the State of New York, and the obligations, rights and remedies of the
parties hereunder shall be determined in accordance with such laws.

15. 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.

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

17. 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.

18. Not Applicable to [                  ] in Other Capacities. Nothing in this
Agreement shall affect any right or obligation [                  ] may have in
any other capacity.

19. Limitation of Liability of Owner Trustee and Indenture Trustee. (a)
Notwithstanding anything contained herein to the contrary, this instrument has
been countersigned by [Name of Owner Trustee] not in its individual capacity but
solely in the capacity as Owner Trustee of the Issuer and in no event shall
[Name of Owner Trustee] 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 VI, VII and VIII of the Trust
Agreement.

       (b)    Notwithstanding anything contained herein to the contrary, this
              Agreement has been countersigned by [Name of Indenture Trustee]
              not in its individual capacity but solely as [Name of Indenture
              Trustee] and in no event shall Indenture Trustee have any
              liability for the representations, warranties, covenants,
              agreements or other obligations of the Issuer hereunder or in any
              of the certificates, notices or

                                       11
<PAGE>

              agreements delivered pursuant hereto, as to all of which recourse
              shall be had solely to the assets of the Issuer.

20. Third-Party Beneficiary. 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.

21. Nonpetition Covenants. (a) Notwithstanding any prior termination of this
Agreement, the Seller, the Administrator, the Owner Trustee and the Indenture
Trustee shall not, prior to the date which is one year and one day after the
termination of this Agreement with respect to the Issuer, acquiesce, petition or
otherwise invoke or cause the Issuer to invoke the process of any court or
government authority for the purpose of commencing or sustaining a case against
the Issuer under any federal or state bankruptcy, insolvency or similar law or
appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or
other similar official of the Issuer or any substantial part of its property, or
ordering the winding up or liquidation of the affairs of the Issuer.

       (b)    Notwithstanding any prior termination of this Agreement, the
              Issuer, the Administrator, the Owner Trustee and the Indenture
              Trustee shall not, prior to the date which is one year and one day
              after the termination of this Agreement with respect to the
              Seller, acquiesce, petition or otherwise invoke or cause the
              Seller to invoke the process of any court or government authority
              for the purpose of commencing or sustaining a case against the
              Seller under any federal or state bankruptcy, insolvency or
              similar law or appointing a receiver, liquidator, assignee,
              trustee, custodian, sequestrator or other similar official of the
              Seller or any substantial part of their respective property, or
              ordering the winding up or liquidation of the affairs of the
              Seller.

                                       12
<PAGE>

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

                                    [                                    ]

                                    By:  _____________, not in its individual
                                         capacity but solely as Owner Trustee

                                    By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                    _________________, not in its individual
                                    capacity but solely as Indenture Trustee

                                    By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                    [                        ], as Administrator

                                    By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                       13

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