Document:

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                                                                   EXHIBIT 10.12

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                            ADMINISTRATION AGREEMENT

                                      AMONG

                    HARLEY-DAVIDSON MOTORCYCLE TRUST 2001-3,

                                   AS ISSUER,

                          HARLEY-DAVIDSON CREDIT CORP.,

                                AS ADMINISTRATOR

                     HARLEY-DAVIDSON CUSTOMER FUNDING CORP.,

                               AS TRUST DEPOSITOR,

                                       AND

                           BNY MIDWEST TRUST COMPANY,

                              AS INDENTURE TRUSTEE

                          DATED AS OF DECEMBER 1, 2001

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                                                TABLE OF CONTENTS

<S>                                                                                                           <C>
SECTION 1.  DUTIES OF THE ADMINISTRATOR........................................................................3

SECTION 2.  RECORDS............................................................................................9

SECTION 3.  COMPENSATION.......................................................................................9

SECTION 4.  ADDITIONAL INFORMATION TO BE FURNISHED TO THE ISSUER...............................................9

SECTION 5.  INDEPENDENCE OF THE ADMINISTRATOR..................................................................9

SECTION 6.  NO JOINT VENTURE...................................................................................9

SECTION 7.  OTHER ACTIVITIES OF ADMINISTRATOR..................................................................9

SECTION 8.  TERM OF AGREEMENT; RESIGNATION AND REMOVAL OF ADMINISTRATOR.......................................10

SECTION 9.  ACTION UPON TERMINATION, RESIGNATION OR REMOVAL...................................................11

SECTION 10. NOTICES...........................................................................................11

SECTION 11. AMENDMENTS........................................................................................11

SECTION 12. SUCCESSORS AND ASSIGNS............................................................................12

SECTION 13. GOVERNING LAW.....................................................................................12

SECTION 14. HEADINGS..........................................................................................12

SECTION 15. COUNTERPARTS......................................................................................13

SECTION 16. SEVERABILITY......................................................................................13

SECTION 17. NOT APPLICABLE TO HARLEY-DAVIDSON CREDIT IN OTHER CAPACITIES......................................13

SECTION 18. LIMITATION OF LIABILITY OF OWNER TRUSTEE AND
            INDENTURE TRUSTEE.................................................................................13

SECTION 19. THIRD-PARTY BENEFICIARY...........................................................................13

SECTION 20. SURVIVABILITY.....................................................................................13

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      This Administration Agreement, dated as of December 1, 2001, among
Harley-Davidson Motorcycle Trust 2001-3 (the "ISSUER"), Harley-Davidson Credit
Corp. (together with its successors and assigns "HARLEY-DAVIDSON CREDIT") in its
capacity as administrator, the "ADMINISTRATOR"), Harley-Davidson Customer
Funding Corp. (the "TRUST DEPOSITOR") and BNY Midwest Trust Company, not in its
individual capacity but solely as Indenture Trustee (together with its
successors and assigns, the "INDENTURE TRUSTEE").

                              W I T N E S S E T H:

      WHEREAS, the Issuer is issuing 2.57% Harley-Davidson Motorcycle Contract,
Class A-1 Notes, 4.04% Harley-Davidson Motorcycle Contract, Class A-2 Notes and
3.72% Harley-Davidson Motorcycle Contract, Class B Notes (collectively, the
"NOTES") pursuant to the Indenture, dated as of the date hereof (the
"INDENTURE"), between the Issuer and the Indenture Trustee (capitalized terms
used herein that are not otherwise defined shall have the meanings ascribed
thereto in the Indenture);

      WHEREAS, the Issuer has entered into certain agreements in connection with
the issuance of the Notes including (i) a Sale and Servicing Agreement, dated as
of the date hereof (the "SALE AND SERVICING AGREEMENT"), among the Issuer, the
Indenture Trustee, the Trust Depositor and Harley-Davidson Credit, as servicer
(in such capacity, the "SERVICER"), and (ii) the Indenture (collectively
referred to hereinafter as the "TRANSACTION DOCUMENTS");

      WHEREAS, pursuant to the Transaction Documents, the Issuer and the Owner
Trustee are required to perform certain duties in connection with (i) the Notes
and the collateral therefor pledged pursuant to the Indenture (the "COLLATERAL")
and (ii) the beneficial ownership interest in the Issuer (the registered 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 Transaction Documents 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, THEREAFTER, 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:

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      SECTION 1.  DUTIES OF THE ADMINISTRATOR.

      (a)   Duties with respect to the Indenture.

            (i) The Administrator agrees to perform all its duties as
      Administrator and the duties of the Issuer and the Owner Trustee under the
      Transaction Documents. In addition, the Administrator shall consult with
      the Owner Trustee regarding the duties of the Issuer or the Owner Trustee
      under the Indenture. The Administrator shall monitor the performance of
      the Issuer and shall advise the Owner Trustee when action is necessary to
      comply with the respective duties of the Issuer and the Owner Trustee
      under the Indenture. The Administrator shall prepare for execution by the
      Issuer or shall cause the preparation by other appropriate persons of, 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 Indenture. In furtherance of the
      foregoing, the Administrator shall take all appropriate action that the
      Issuer or the Owner Trustee is required 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):

            (A) 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 2.04);

            (B) the notification of Noteholders of the final principal payment
      on their Notes (Section 2.07(b));

            (C) the fixing or causing to be fixed of any special record date and
      the notification of the Indenture Trustee and Noteholders with respect to
      special payment dates, if any (Section 2.07(c));

            (D) the preparation of or obtaining of the documents and instruments
      required for execution and authentication of the Notes and delivery of the
      same to the Indenture Trustee (Section 2.02);

            (E) the preparation, obtaining or filing of the instruments,
      opinions and certificates and other documents required for the release of
      Collateral (Section 2.12);

            (F) the maintenance of an office in the City of Chicago, Illinois,
      for registration of transfer or exchange of Notes (Section 3.02);

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            (G) 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);

            (H) the direction to the Indenture Trustee to deposit monies with
      Paying Agents, if any, other than the Indenture Trustee (Section 3.03);

            (I) 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 included
      in the Collateral (Section 3.04);

            (J) the preparation of all supplements and amendments to the
      Indenture and all financing statements, continuation statements,
      instruments of further assurance and other instruments and the taking of
      such other action as is necessary or advisable to protect the Collateral
      other than as prepared by the Servicer (Section 3.05);

            (K) the delivery of the Opinion of Counsel on the Closing Date and
      certain other statements as to compliance with the Indenture (Sections
      3.06 and 3.09);

            (L) 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));

            (M) the notification of the Indenture Trustee and each Rating Agency
      of an Event of Termination under the Sale and Servicing Agreement;

            (N) the duty to cause the Servicer to comply with Sections 4.09,
      4.10, 4.11 and 5.07 and Article Five and Article Nine of the Sale and
      Servicing Agreement (Section 3.14);

            (O) the preparation and obtaining of documents and instruments
      required for the release of the Issuer from its obligations under the
      Indenture (Section 3.10(b) and Section 3.11(b));

            (P) the delivery of written notice to the Indenture Trustee and each
      Rating Agency of each Event of Default under the Indenture and each Event
      of Termination by the Servicer under the Sale and Servicing Agreement
      (Section 3.18);

            (Q) 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

                                     -4-

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      obtaining of the Opinion of Counsel and the Independent Certificate
      relating thereto (Section 4.01);

            (R) the compliance with any written directive of the Indenture
      Trustee with respect to the sale of the Collateral in a commercially
      reasonable manner if an Event of Default shall have occurred and be
      continuing (Section 5.04);

            (S) the preparation and delivery of notice to Noteholders of the
      removal of the Indenture Trustee and the appointment of a successor
      Indenture Trustee (Section 6.08);

            (T) 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 the Indenture Trustee or any co-trustee or separate trustee
      (Sections 6.08 and 6.10);

            (U) 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 7.01);

            (V) the opening of one or more accounts in the Indenture Trustee's
      name, 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 of funds in the Trust Accounts
      (Sections 8.02 and 8.03);

            (W) 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 8.04 and 8.05);

            (X) 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 9.01, 9.02 and 9.03);

            (Y)   the  execution  and delivery of new Notes  conforming to any
      supplemental indenture (Section 9.06);

            (Z) the duty to notify Noteholders of redemption of the Notes or to
      cause the Indenture Trustee to provide such notification (Section 10.02);

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            (AA) the preparation and delivery of all Officer's 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 11.01(a));

            (BB) 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 11.01(b));

            (CC) the notification of the Rating Agencies, upon the failure of
      the Issuer, the Owner Trustee or the Indenture Trustee to provide
      notification;

            (DD) the preparation and delivery to Noteholders and the Indenture
      Trustee of any agreements with respect to alternate payment and notice
      provisions (Section 11.06);

            (EE) the recording of the Indenture, if applicable (Section 11.14);
      and

            (FF) the appointment of a successor Indenture Trustee.

            (ii) The Administrator will:

            (A) except as otherwise expressly provided in the Indenture, pay the
      Indenture Trustee's fees and 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;

            (B) indemnify the Indenture Trustee and its agents for, and hold
      them harmless against, any loss, liability or expense incurred without
      negligence or bad faith on their part, arising out of or in connection
      with the acceptance or administration of the transactions contemplated by
      the Indenture, including the reasonable costs and expenses of defending
      themselves against any claim or liability in connection with the exercise
      or performance of any of their powers or duties under the Indenture; and

            (C) indemnify the Owner Trustee and its agents for, and hold them
      harmless against, any loss, liability or expense incurred without
      negligence or bad faith on their part, arising out of or in connection
      with the acceptance or administration of the transactions contemplated by
      the Trust Agreement, including the reasonable costs and expenses of
      defending themselves against any claim or liability in connection with the
      exercise or performance of any of their powers or duties under the Trust
      Agreement.

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      (b)   ADDITIONAL DUTIES.

            (i) In addition to the duties set forth in Section 1(a)(i), 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 the Issuer or the
      Owner Trustee are required to prepare, file or deliver pursuant to the
      Transaction Documents or under Section 5.05 of the Trust Agreement, and at
      the request of the Owner Trustee shall take all appropriate action that
      the Issuer or the Owner Trustee are required to take pursuant to the
      Transaction Documents. In furtherance thereof, the Owner Trustee shall, on
      behalf of the Issuer, execute and deliver to the Administrator 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 Owner Trustee and the Issuer all
      such documents, reports, filings, instruments, certificates and opinions.
      Subject to Section 5, 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
      Transaction Documents) as are not covered by any of the foregoing
      provisions and as are expressly requested by the Issuer and are reasonably
      within the capability of the Administrator.

            (ii) Notwithstanding anything in this Agreement or the Transaction
      Documents 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 Trust's payments (or allocations of income) to the Owner
      as contemplated in Section 5.01(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.

            (iii) Notwithstanding anything in this Agreement or the Transaction
      Documents to the contrary, the Administrator shall be responsible for
      performance of the duties of the Owner Trustee set forth in Section
      5.05(a), (b), (c) and (d), the penultimate sentence of Section 5.05 and
      Section 5.06(a) of the Trust Agreement with respect to, among other
      things, accounting and reports to the Owner; PROVIDED, HOWEVER, that the
      Owner Trustee shall retain responsibility for the distribution of
      information forms necessary to enable the Owner to prepare its federal and
      state income tax returns.

            (iv) The Administrator shall satisfy its obligations with respect to
      clauses (ii) and (iii) above by retaining, at the expense of the Trust
      payable by the Administrator, a firm of independent public accountants
      (the "ACCOUNTANTS") acceptable to the Owner Trustee, which shall perform
      the obligations of the Administrator thereunder.

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            (v) The Administrator shall perform the duties of the Administrator
      specified in Section 10.02 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 Administrator
      under the Trust Agreement.

            (vi) 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.

      (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 of the Contracts);

            (C) the amendment, change or modification of any other Transaction
      Documents;

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

            (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, (A) make any
      payments to the Noteholders under the Transaction Documents, (B) sell the
      Collateral pursuant to clause

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      (iv) of Section 5.04 of the Indenture, (C) take any other action that the
      Issuer directs the Administrator not to take on its behalf or (D) take any
      other action which may be construed as having the effect of varying the
      investment of the Holders.

      SECTION 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 and the
Owner Trustee at any time during normal business hours.

      SECTION 3. 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 a monthly fee
which shall be solely an obligation of the Trust Depositor and shall be in an
amount as shall be agreeable to the Trust Depositor and the Administrator.

      SECTION 4. 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.

      SECTION 5. 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.

      SECTION 6. NO JOINT VENTURE. Nothing contained in this Agreement (i) 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, (ii) shall be construed to
impose any liability as such on any of them or (iii) 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.

      SECTION 7. OTHER ACTIVITIES OF ADMINISTRATOR. Nothing herein shall prevent
the Administrator or its Affiliates from engaging in other business 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.

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      SECTION 8. TERM OF AGREEMENT; RESIGNATION AND REMOVAL OF ADMINISTRATOR.
This Agreement shall continue in force until the termination of the Issuer, upon
which event this Agreement shall automatically terminate.

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

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

      (c) Subject to Section 8(d) and Section 8(e), 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 ten days (or, if such default cannot be cured in such time,
shall not give within ten 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 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

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

      The Administrator agrees that if any of the events specified in clauses
(ii) or (iii) above shall occur, it shall give written notice thereof to the
Issuer and the Indenture Trustee within seven days after the occurrence of such
event.

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      (d) No resignation or removal of the Administrator pursuant to this
Section 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.

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

      (f) Subject to Section 8(d) and 8(e), 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.

      SECTION 9. ACTION UPON TERMINATION, RESIGNATION OR REMOVAL. Promptly upon
the effective date of termination of this Agreement pursuant to Section 8 or the
resignation or removal of the Administrator pursuant to Section 8(a), (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 8 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
(a), (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.

      SECTION 10. NOTICES. All notices, demands, certificates, requests and
communications hereunder ("notices") shall be in writing and shall be effective
(a) upon receipt when sent through the U.S. mails, registered or certified mail,
return receipt requested, postage prepaid, with such receipt to be effective the
date of delivery indicated on the return receipt, or (b) one Business Day after
delivery to an overnight courier, or (c) on the date personally delivered to an
Authorized Officer of the party to which sent, or (d) on the date transmitted by
legible telecopier transmission with a confirmation of receipt, in all cases
addressed to the recipient at the address for such recipient set forth in the
Sale and Servicing Agreement.

      Each party hereto may, by notice given in accordance herewith to each of
the other parties hereto, designate any further or different address to which
subsequent notices shall be sent.

      SECTION 11. AMENDMENTS. This Agreement may be amended from time to time by
a written amendment duly executed and delivered by the parties hereto, with the
written consent of the Owner Trustee but without the consent of the Noteholders,
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement

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or of modifying in any manner the rights of the Noteholders; provided that
such amendment will not, in the Opinion of Counsel satisfactory to the
Indenture Trustee, materially and adversely affect the interest of any
Noteholder. This Agreement may also be amended by the parties hereto with the
written consent of the Owner Trustee and the Required Holders 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; PROVIDED, HOWEVER, that no such amendment may (i) increase or
reduce in any manner the amount of, or accelerate or delay the timing of,
collections of payments on the Contracts or distributions that are required to
be made for the benefit of the Noteholders or (ii) reduce the aforesaid
percentage of the holders of Notes which are required to consent to any such
amendment, without the consent of the holders of all outstanding Notes.
Notwithstanding the foregoing, the Administrator may not amend this Agreement
without the permission of the Trust Depositor, which permission shall not be
unreasonably withheld.

      SECTION 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 Indenture Trustee 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 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 form and substance reasonably satisfactory to
the Owner Trustee and the Indenture Trustee, 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.

      SECTION 13. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF ILLINOIS, 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 14. HEADINGS. The section and subsection 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.

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      SECTION 15. COUNTERPARTS. This Agreement may be executed in several
counterparts, each of which shall be an original and all of which shall
constitute but one and the same agreement.

      SECTION 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.

      SECTION 17. NOT APPLICABLE TO HARLEY-DAVIDSON CREDIT IN OTHER CAPACITIES.
Nothing in this Agreement shall affect any obligation Harley-Davidson Credit may
have in any other capacity.

      SECTION 18. LIMITATION OF LIABILITY OF OWNER TRUSTEE AND INDENTURE
TRUSTEE.

      (a) Notwithstanding anything contained herein to the contrary, this
instrument has been countersigned by Wilmington Trust Company not in its
individual capacity but solely in its capacity as Owner Trustee of the Issuer
and in no event shall Wilmington Trust Company 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 Six, Seven and Eight of
the Trust Agreement.

      (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been countersigned by BNY Midwest Trust Company not in its
individual capacity but solely as Indenture Trustee and in no event shall BNY
Midwest Trust Company have any liability for the representations, warranties,
covenants, agreements or other obligations of the Issuer hereunder or in any
of the certificates, notices or agreements delivered pursuant hereto, as to
all of which recourse shall be had solely to the assets of the Issuer.

      SECTION 19. 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.

      SECTION 20. SURVIVABILITY. The obligations of the Administrator
described in Section 1(a)(ii) hereof shall survive termination of this
Agreement.

                            [SIGNATURE PAGE FOLLOWS]

                                    -13-

<Page>

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

                                  HARLEY-DAVIDSON MOTORCYCLE TRUST 2001-3

                                  By: Wilmington Trust Company, not in its
                                      individual capacity but solely as Owner
                                      Trustee

                                  By:    /s/ Patricia A. Evans
                                     -------------------------------------------
                                        Printed Name: Patricia A. Evans
                                        Title: Senior Financial Services Officer

                                  HARLEY-DAVIDSON CUSTOMER FUNDING CORP., as
                                  Trust Depositor

                                  By:   /s/ Perry A. Glassgow
                                     -------------------------------------------
                                        Printed Name: Perry A. Glassgow
                                        Title: Treasurer

                                  BNY MIDWEST TRUST COMPANY, not in its
                                  individual capacity but solely as Indenture
                                  Trustee

                                  By:   /s/ Cynthia Davis
                                     -------------------------------------------
                                        Printed Name: Cynthia Davis
                                        Title: Assistant Vice President

                                  HARLEY-DAVIDSON CREDIT CORP., as Administrator

                                  By:   /s/ Perry A. Glassgow
                                     -------------------------------------------
                                        Printed Name: Perry A. Glassgow
                                        Title: Treasurer

                  Signature Page to Administration Agreement

<Page>

                                    EXHIBIT A

                            LIMITED POWER OF ATTORNEY

                               STATE OF ILLINOIS   )

                                             )       SECTION

                                COUNTY OF COOK     )

      KNOW ALL PERSONS BY THESE PRESENTS, that Wilmington Trust Company, a
Delaware banking corporation (the "OWNER TRUSTEE"), whose principal executive
office is located at Wilmington Trust Company, Rodney Square North, 1100 North
Market Street, Wilmington, Delaware Attention: Trust Administration, by and
through its duly elected and authorized officer, ________________________, a
___________________, on behalf of itself and of Harley-Davidson Motorcycle Trust
2001-3 (the "TRUST") as Issuer under the Administration Agreement, dated as of
December 1, 2001 (the "ADMINISTRATION AGREEMENT"), among the Trust,
Harley-Davidson Customer Funding Corp., BNY Midwest Trust Company, as Indenture
Trustee, and Harley-Davidson Credit Corp., as Administrator, does hereby
nominate, constitute and appoint Harley-Davidson Credit Corp., a Nevada
corporation, each of its officers from time to time and each of its employees
authorized by it from time to time to act hereunder, jointly and each of them
severally, together or acting alone, its true and lawful attorney-in-fact, for
the Owner Trustee and the Issuer in their name, place and stead, in the sole
discretion of such attorney-in-fact, to perform such calculations and prepare or
cause the preparation by other appropriate persons of, and to execute on behalf
of the Issuer or the Owner Trustee, all such documents, reports, filings,
instruments, certificates and opinions that the Issuer or the Owner Trustee is
required to prepare, file or deliver pursuant to the Administration Agreement,
and to take any and all other action, as such attorney-in-fact may deem
necessary or desirable in accordance with the directions of the Owner Trustee
and in connection with its duties as Administrator or successor Administrator
under the Administration Agreement. Capitalized terms used herein that are not
otherwise defined shall have the meanings ascribed thereto in the Administration
Agreement.

      The Owner Trustee hereby ratifies and confirms the execution, delivery and
performance (whether before or after the date hereof) of the above-mentioned
documents, reports, filings, instruments, certificates and opinions, by the
attorney-in-fact and all that the attorney-in-fact shall lawfully do or cause to
be done by virtue hereof.

      The Owner Trustee hereby agrees that no person or other entity dealing
with the attorney-in-fact shall be bound to inquire into such attorney-in-fact's
power and authority

                                     A-1

<Page>

hereunder and any such person or entity shall be fully protected in relying on
such power of authority.

      This Limited Power of Attorney may not be assigned without the prior
written consent of the Owner Trustee. It is effective immediately and will
continue until it is revoked.

      This Limited Power of Attorney shall be governed and construed in
accordance with the laws of the State of Illinois without reference to
principles of conflicts of law.

      Executed as of this _____ day of December, 2001.

                                       WILMINGTON TRUST COMPANY, NOT IN ITS
                                       INDIVIDUAL CAPACITY BUT SOLELY AS OWNER
                                       TRUSTEE

                                    BY: _______________________________

                                      PRINTED NAME: _______________________

                                      TITLE: ______________________________

<Page>

                        CERTIFICATE OF ACKNOWLEDGMENT OF

                                  NOTARY PUBLIC

                               STATE OF DELAWARE   )

                                             )       SECTION

                             COUNTY OF NEW CASTLE  )

      On December ___, 2001 before me, _________________________________________
                                          [Insert name and title of notary]
      personally appeared ________________________.

/ /   personally known to me, or

/ /   proved to me on the basis of satisfactory evidence to be the person(s)
whose name(s) is/are

subscribed to the within instrument and acknowledged to me that he/she/they
executed the same in his/her/their authorized capacity(ties), and that by
his/her/their signature(s) on the instrument the person(s), or the entity upon
behalf of which person(s) acted, executed the instrument.

                                  WITNESS MY HAND AND OFFICIAL SEAL.

             SIGNATURE: ________________________________________

                                                [SEAL]<Page>

                     SECOND AMENDMENT TO CREDIT AGREEMENT

    THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this "AMENDMENT") is entered
into to be effective as of October 31, 2001, between CARREKER CORPORATION, a
Delaware corporation ("BORROWER"), each of the banks or other lending
institutions which is a signatory to this Amendment (collectively,
"LENDERS"), and J.P. MORGAN CHASE BANK (formerly known as The Chase Manhattan
Bank), individually as a Lender and Issuing Bank and as Administrative Agent
(in such capacity, together with its successors and assigns, "ADMINISTRATIVE
AGENT"), and COMPASS BANK, as Syndication Agent.

                                R E C I T A L S

    A.  Borrower, Administrative Agent, Syndication Agent, and Lenders are
parties to the Credit Agreement, dated June 6, 2001 (as renewed, extended,
modified, and amended from time to time, the "CREDIT AGREEMENT"), providing
for a line of credit and a letter of credit facility to Borrower by the
Lenders therein.

    B.  Borrower has requested an amendment to the Credit Agreement to, among
other things, reset certain financial covenants, other covenants, and pricing
levels.

    C.  Borrower, the Administrative Agent, the Syndication Agent, and
Required Lenders now desire to amend the Credit Agreement as requested by
Borrower.

    NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Borrower, Administrative Agent,
Syndication Agent, and Required Lenders agree as follows:

    1.  TERMS AND REFERENCES.  Unless otherwise stated in this document (a)
terms defined in the Credit Agreement have the same meanings when used in
this document and (b) references to "SECTIONS," "SCHEDULES," and "EXHIBITS"
are to the Credit Agreement's sections, schedules, and exhibits.

    2.  AMENDMENTS.  The Credit Agreement is hereby amended as follows:

    (a) The following definitions in SECTION 1.01 are entirely amended as
follows

        "APPLICABLE MARGIN" MEANS:

        (i) ON ANY DATE OF DETERMINATION BEGINNING OCTOBER 31, 2001, THROUGH
    THE DATE THAT A COMPLIANCE CERTIFICATE IS DELIVERED HEREUNDER FOLLOWING THE
    FISCAL QUARTER ENDING JULY 31, 2002, 2.00% IN THE CASE OF ABR LOANS, 3.50%
    IN THE CASE OF EURODOLLAR LOANS, AND 0.50% IN THE CASE OF COMMITMENT FEES;
    AND

        (ii) ON ANY DATE OF DETERMINATION OCCURRING ON AND AFTER THE DATE THAT
    A COMPLIANCE CERTIFICATE HAS BEEN DELIVERED HEREUNDER FOR THE FISCAL QUARTER
    ENDING JULY 31, 2002, THE PERCENTAGE PER ANNUM SET FORTH IN THE TABLE BELOW
    FOR ABR LOANS, EURODOLLAR LOANS, AND COMMITMENT FEES (AS THE CASE MAY BE)
    THAT CORRESPONDS TO THE LEVERAGE RATIO AT SUCH DATE OF DETERMINATION, AS
    CALCULATED ON THE QUARTERLY COMPLIANCE CERTIFICATE OF BORROWER MOST RECENTLY
    DELIVERED PURSUANT TO SECTION 6.01(c) HEREOF:

<Page>

<Table>
<Caption>
    ================================================================================
                                                  APPLICABLE MARGIN (PER ANNUM)
                                          ------------------------------------------
             LEVERAGE RATIO               ABR Loans      Eurodollar      Commitment
                                                            Loans           Fees
    ================================================================================
<S>                                   <C>            <C>             <C>
    Less than or equal to 0.50
                                             0.50%          2.00%           0.375%
    --------------------------------------------------------------------------------
    Greater than 0.5 but less than
    or equal to 1.0                          0.75%          2.25%           0.50%
    --------------------------------------------------------------------------------
    Greater than 1.0 but less than
    or equal to 1.5                          1.00%          2.50%           0.50%
    --------------------------------------------------------------------------------
    Greater than 1.5 but less than
    or equal to 2.0                          1.25%          2.75%           0.50%
    ================================================================================
</Table>

        "EBITDA" MEANS, AS TO ANY PERSON FOR ANY PERIOD, WITHOUT DUPLICATION,
    THE AMOUNT EQUAL TO THE FOLLOWING CALCULATED FOR THE BORROWER AND ITS
    CONSOLIDATED SUBSIDIARIES ON A CONSOLIDATED BASIS: NET INCOME (EXCLUDING
    ANY EXTRAORDINARY GAINS OR LOSSES) DETERMINED IN ACCORDANCE WITH GAAP, PLUS
    TO THE EXTENT DEDUCTED FROM NET INCOME, INTEREST EXPENSE, INCOME TAX
    EXPENSES, DEPRECIATION, AND AMORTIZATION, PLUS WITH RESPECT TO BORROWER,
    RESTRUCTURING AND OTHER ONE-TIME CHARGES RELATING TO THE ACQUISITION OF THE
    TARGET NOT TO EXCEED $18,500,000.

    (b) SECTION 1.01 is amended to add the following definitions:

            "AGGREGATE REVOLVING CREDIT EXPOSURE" MEANS, ON ANY DATE OF
        DETERMINATION, THE SUM OF EACH LENDER'S REVOLVING CREDIT EXPOSURE.

            "AVAILABLE AMOUNT" MEANS ON ANY DATE OF DETERMINATION, THE LESSER
        OF (i) THE DIFFERENCE OF THE AGGREGATE AMOUNT OF ALL LENDERS'
        COMMITMENTS MINUS THE AGGREGATE REVOLVING CREDIT EXPOSURE, (ii) THE
        DIFFERENCE OF THE BORROWING BASE MINUS THE AGGREGATE REVOLVING CREDIT
        EXPOSURE AND (iii) UNTIL SUCH TIME AS DELIVERY OF THE COMPLIANCE
        CERTIFICATE FOR THE FISCAL QUARTER ENDING JANUARY 31, 2002, HAS
        OCCURRED, $45,000,000. ON AND AFTER SUCH DATE THAT THE LEVERAGE RATIO
        IS LESS THAN 2.00 TO 1.00 (AS CALCULATED WITHOUT GIVING EFFECT TO THE
        SPECIAL ANNUALIZED DEFINITION OF EBITDA SET FORTH IN SECTION 7.09(b)),
        THE AVAILABLE AMOUNT SHALL BE AN AMOUNT EQUAL TO THE AGGREGATE AMOUNT
        OF ALL LENDERS' COMMITMENTS MINUS THE AGGREGATE REVOLVING CREDIT
        EXPOSURE."

            "BORROWING BASE" MEANS, ON ANY DATE OF DETERMINATION, AN AMOUNT
        EQUAL TO THE SUM OF 90% OF (i) ELIGIBLE RECEIVABLES PLUS (ii) 100% OF
        ALL RECEIVABLES THAT HAVE NOT BEEN INVOICED BY BORROWER.

            "BORROWING BASE CERTIFICATE" MEANS A CERTIFICATE IN THE FORM OF
        EXHIBIT "I", WITH APPROPRIATE COMPLETIONS.

            "ELIGIBLE RECEIVABLES" MEANS, SUBJECT TO THE NEXT SENTENCE, ONLY
        RECEIVABLES ARISING OUT OF BONA FIDE SALES MADE BY BORROWER OR ANY
        DOMESTIC SUBSIDIARY IN THE ORDINARY COURSE OF BUSINESS, TO THE EXTENT
        THAT THE RECEIVABLES ARE NOT IN DISPUTE AND UNLESS DEEMED INELIGIBLE BY
        A GOOD FAITH REASONABLE DETERMINATION BY ADMINISTRATIVE AGENT. NO
        RECEIVABLE SHALL BE AN ELIGIBLE RECEIVABLE IF SUCH RECEIVABLE IS MORE
        THAN NINETY (90) DAYS HAS PASSED FROM THE DUE DATE OF THE ORIGINAL
        INVOICE.

    (c) SECTION 2.01 is amended in its entirety as follows:

                                       2
<Page>

            SECTION 2.01 COMMITMENTS. (a) SUBJECT TO THE TERMS AND CONDITIONS
        SET FORTH HEREIN, EACH LENDER AGREES TO MAKE LOANS TO THE BORROWER FROM
        TIME TO TIME DURING THE AVAILABILITY PERIOD IN AN AGGREGATE PRINCIPAL
        AMOUNT THAT WILL NOT RESULT IN (i) SUCH LENDER'S REVOLVING CREDIT
        EXPOSURE EXCEEDING SUCH LENDER'S COMMITMENT, (ii) THE AMOUNT OF ANY
        REQUESTED LOAN EXCEEDING THE AVAILABLE AMOUNT, OR (iii) THE AGGREGATE
        REVOLVING CREDIT EXPOSURE EXCEEDING THE AGGREGATE AMOUNT OF ALL LENDERS'
        COMMITMENTS. WITHIN THE FOREGOING LIMITS AND SUBJECT TO THE TERMS AND
        CONDITIONS SET FORTH HEREIN, THE BORROWER MAY BORROW, PREPAY AND
        REBORROW LOANS.

    (d) SECTION 2.08(c) is renumbered as 2.08(d). SECTION 2.08(b) is amended
in its entirety and a new SECTION 2.08(c) is added as follows:

            (b) Notwithstanding provisions regarding minimum prepayment amounts
        to the contrary, the Borrower shall, from time to time, upon demand of
        the Administrative Agent, prepay the Loans in such amounts as shall be
        necessary so that at all times the Aggregate Revolving Credit Exposure
        is equal to or less than the aggregate amount of all Lenders'
        Commitments.

            (c) Notwithstanding anything contained herein to the contrary
        regarding minimum prepayment amounts, if at such time that Borrower
        delivers its Borrowing Base Certificate to Administrative Agent, the
        Aggregate Revolving Credit Exposure exceeds the Borrowing Base, then
        Borrower shall immediately prepay the Loans by an amount equal to the
        excess.

    (e) SECTION 6.01(c) is amended to remove the reference to SECTION 7.09(b).

    (f) SECTION 6.01 is amended to add a new SUBSECTION 6.01(d) following
SUBSECTION (c), as follows, and to designate the existing SUBSECTIONS (d)
through (h) accordingly as SUBSECTIONS (e) through (i):

            (d) UNTIL SUCH TIME THAT THE LEVERAGE RATIO IS LESS THAN 2.00 TO
        1.00 (AS CALCULATED WITHOUT GIVING EFFECT TO THE SPECIAL ANNUALIZED
        DEFINITION OF EBITDA SET FORTH IN SECTION 7.09(b)) (THE "BORROWING BASE
        PERIOD"), WITHIN 30 DAYS AFTER THE END OF EACH CALENDAR MONTH, (i) A
        BORROWING BASE CERTIFICATE, EXECUTED BY A FINANCIAL OFFICER OF BORROWER;
        (ii) BEGINNING DECEMBER 30, 2001, A RECEIVABLES AGING SUMMARY REPORT IN
        THE FORM ACCEPTABLE TO ADMINISTRATIVE AGENT, EXECUTED BY A FINANCIAL
        OFFICER OF BORROWER, AND, AT ADMINISTRATIVE AGENT'S FURTHER REQUEST,
        LISTING RECEIVABLES BY THE ACCOUNT DEBTOR, THE AGE OF THE RECEIVABLES,
        THE AMOUNT OF THE RECEIVABLES AND THE ADDRESS OF THE ACCOUNT DEBTOR;
        AND (iii) A CERTIFICATE OF A FINANCIAL OFFICER OF BORROWER SETTING FORTH
        REASONABLY DETAILED CALCULATIONS DEMONSTRATING COMPLIANCE WITH SECTION
        7.09(b) AND CERTIFYING AS TO THOSE FACTS SET FORTH IN SECTION 6.01(c)(i)
        AND (c)(iii) ABOVE AS TO SUCH CALCULATION. AFTER THE BORROWING BASE
        PERIOD HAS EXPIRED, BORROWER SHALL DEMONSTRATE COMPLIANCE WITH
        SECTION 7.09(b) IN THE SAME MANNER AS PROVIDED IN SECTION 6.01(c) FOR
        THE OTHER FINANCIAL COVENANTS.

    (g) SECTION 7.04(e) is amended in its entirety as follows:

            (e) ON AND AFTER SUCH DATE THAT BORROWER HAS DEMONSTRATED THAT
        THE LEVERAGE RATIO IS LESS THAN 2:00 TO 1:00 (AS CALCULATED WITHOUT
        GIVING EFFECT TO THE SPECIAL ANNUALIZED DEFINITION OF EBITDA SET FORTH
        IN SECTION 7.09(b)), PERMITTED ACQUISITIONS, PROVIDED THAT THE AGGREGATE
        AMOUNT OF CONSIDERATION PAID IN WHATEVER FORM (CASH, SECURITIES, OR
        OTHER

                                       3
<Page>

        PROPERTY) FOR ALL SUCH PERMITTED ACQUISITIONS DOES NOT EXCEED IN THE
        AGGREGATE $15,000,000 DURING THE TERM OF THIS AGREEMENT; AT ALL TIMES
        PRIOR TO COMPLIANCE WITH SUCH LEVERAGE RATIO, PERMITTED ACQUISITIONS
        WILL REQUIRE THE CONSENT OF REQUIRED LENDERS;

    (h) SECTION 7.09 is deleted in its entirety and amended as follows:

        SECTION 7.09 FINANCIAL COVENANTS.

        (a) FOR THE FISCAL QUARTER ENDING OCTOBER 31, 2001, THERE WILL BE NO
    INTEREST COVERAGE RATIO TEST. THEREAFTER, BORROWER WILL NOT PERMIT THE
    INTEREST COVERAGE RATIO TO BE LESS THAN 5.00 TO 1.00 FOR EACH ROLLING
    PERIOD, COMMENCING WITH THE ROLLING PERIOD ENDING JANUARY 31, 2002.

        (b) THE BORROWER WILL NOT PERMIT THE LEVERAGE RATIO TO BE GREATER
    THAN THE LEVELS SET FORTH IN THE CHART BELOW FOR THE CORRESPONDING ROLLING
    PERIOD:

<Table>
<Caption>
    ===============================================================================
      Quarter Ended                                       Leverage Ratio
    ===============================================================================
<S>                                                  <C>
       October 31, 2001                                  No Leverage Test
    -------------------------------------------------------------------------------
       January 31, 2002                                    2.25 to 1.00
    -------------------------------------------------------------------------------
        April 30, 2002                                     2.25 to 1.00
    -------------------------------------------------------------------------------
        July 31, 2002                                      2.25 to 1.00
    -------------------------------------------------------------------------------
    October 31, 2002 and
    all times thereafter                                   2.00 to 1.00
    ===============================================================================
</Table>

    FOR THE PURPOSES OF CALCULATING EBITDA FOR BORROWER AND ITS CONSOLIDATED
    SUBSIDIARIES ON A CONSOLIDATED BASIS FOR ANY ROLLING PERIOD FOR USE IN THIS
    FINANCIAL COVENANT SET FORTH IN SECTION 7.09(b), EBITDA MEANS (a) ON ANY
    DATE OF DETERMINATION AFTER JANUARY 31, 2002 THROUGH (BUT NOT INCLUDING)
    APRIL 30, 2002, EBITDA FOR THE FISCAL QUARTER ENDING JANUARY 31, 2002,
    MULTIPLIED BY FOUR; (b) ON ANY DATE OF DETERMINATION ON AND AFTER APRIL 30,
    2002 THROUGH (BUT NOT INCLUDING) JULY 31, 2002, EBITDA FOR THE TWO FISCAL
    QUARTERS ENDING APRIL 30, 2002, MULTIPLIED BY TWO; (c) ON ANY DATE OF
    DETERMINATION ON AND AFTER JULY 31, 2002 THROUGH (BUT NOT INCLUDING)
    OCTOBER 31, 2002, EBITDA FOR THE THREE FISCAL QUARTERS ENDING JULY 31, 2002,
    MULTIPLIED BY 4/3; AND (d) AT ALL TIMES ON AND AFTER OCTOBER 31, 2002,
    EBITDA WILL BE CALCULATED FOR EACH ROLLING PERIOD.

        (c) THE BORROWER WILL NOT PERMIT THE RATIO OF (i) THE SUM OF 80%
    OF RECEIVABLES OF BORROWER AND ITS CONSOLIDATED SUBSIDIARIES PLUS CASH
    OF BORROWER AND ITS CONSOLIDATED SUBSIDIARIES PLUS SHORT TERM
    INVESTMENTS OF BORROWER AND ITS CONSOLIDATED SUBSIDIARIES, ON A
    CONSOLIDATED BASIS, DIVIDED BY (ii) FUNDED DEBT OF BORROWER AND ITS
    CONSOLIDATED SUBSIDIARIES ON A CONSOLIDATED BASIS, TO BE LESS THAN 1.30
    AT ANY TIME.

    (i) A new EXHIBIT I is added in the form of the attached EXHIBIT I.

    3. EXTENSION AND WAIVER. Required Lenders waive any Default or Event of
Default resulting from Borrower's failure to deliver executed Deposit Account
Control Agreements and the pledge of 65% of the Equity of Check Solutions
International B.V., as required to be delivered within 30 days of Closing by
that certain Letter Agreement dated June 6, 2001, and hereby extend such
delivery deadline until January 31, 2001. Except as expressly stated, this
Paragraph is not a waiver of any other existing or future Defaults or Events
of Default or a waiver of Administrative Agent's or any Lender's Rights to
insist upon compliance by all relevant parties with each Loan Document.

                                       4
<Page>

    4. AMENDMENT OF CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS.

    (a) All references in the Loan Documents to the Credit Agreement shall
henceforth include references to the Credit Agreement as modified and amended
by this Amendment, and as may, from time to time, be further modified,
amended, restated, extended, renewed, and/or increased.

    (b) Any and all of the terms and provisions of the Loan Documents are
hereby amended and modified wherever necessary, even though not specifically
addressed herein, so as to conform to the amendments and modifications set
forth herein.

    5. CONDITIONS PRECEDENT. Notwithstanding any contrary provision herein,
the amendments described in PARAGRAPH 2 above are not effective unless and
until:

    (a) the representations and warranties in this Amendment, the Credit
Agreement, and all other Loan Documents are true and correct in all material
respects;

    (b) Administrative Agent shall have received counterparts of this
Amendment executed by Borrower and all Lenders on the signature page or pages
of this document;

    (c) Administrative Agent shall have received evidence of Release of Tax
Lien; and

    (d) Payment by Borrower of all costs, fees, and expenses of
Administrative Agent, including, without limitation, the reasonable fees and
expenses of Administrative Agent's counsel.

    6. RATIFICATIONS. Borrower (a) ratifies and confirms all provisions of
the Loan Documents as amended by this Amendment, (b) ratifies and confirms
that all guaranties, assurances, and liens granted, conveyed, or assigned to
the Administrative Agent for the benefit of the Lenders under the Loan
Documents are not released, reduced, or otherwise adversely affected by this
Amendment and continue to guarantee, assure, and secure full payment and
performance of the present and future Obligation, and (c) agrees to perform
such acts and duly authorize, execute, acknowledge, deliver, file, and record
such additional documents and certificates as Administrative Agent may
reasonably request in order to create, perfect, preserve, and protect those
guaranties, assurances, and liens.

    7. REPRESENTATIONS. Borrower represents and warrants to the
Administrative Agent and Lenders that as of the date of this Amendment: (a)
this Amendment has been duly authorized, executed, and delivered by Borrower;
(b) no action of, or filing with, any Governmental Authority is required to
authorize, or is otherwise required in connection with, the execution,
delivery, and performance by Borrower of this Amendment; (c) the Loan
Documents, as amended by this Amendment, are valid and binding upon Borrower
and are enforceable against Borrower in accordance with their respective
terms, except as limited by bankruptcy, insolvency, fraudulent conveyance,
moratorium, reorganization, or other similar laws affecting creditors' rights
generally, and general principles of equity; (d) the execution, delivery, and
performance by Borrower of this Amendment do not require the consent of any
other Person and do not and will not constitute a violation of its
certificate of incorporation, bylaws, or order of any Governmental Authority,
or material agreements to which Borrower is a party or by which Borrower is
bound; (e) all representations and warranties in the Loan Documents are true
and correct in all material respects on and as of the date of this Amendment,
except to the extent that (i) any of them speak to a different specific date,
or (ii) the facts on which any of them were based have been changed by
transactions contemplated or permitted by the Credit Agreement; and (f) both
before and after giving effect to this Amendment, no Default exists.

                                       5
<Page>

    8. MISCELLANEOUS. Unless stated otherwise (a) the singular number
includes the plural and vice versa and words of any gender include each other
gender, in each case, as appropriate, (b) headings and captions may not be
construed in interpreting provisions, (c) this Amendment shall be construed,
and its performance enforced, under Texas law, (d) if any part of this
Amendment is for any reason found to be unenforceable, all other portions of
it nevertheless remain enforceable, and (e) this Amendment may be executed in
any number of counterparts with the same effect as if all signatories had
signed the same document, and all of those counterparts must be construed
together to constitute the same document.

9. ENTIRETIES. THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS AMENDED
BY THIS AMENDMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES ABOUT
THE SUBJECT MATTER OF THE CREDIT AGREEMENT AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

    [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES TO FOLLOW].

                                       6
<Page>

           SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT,
                        Dated as of October 31, 2001
               amending Credit Agreement, dated June 6, 2001,
              by and among Carreker Corporation, as Borrower,
              J.P. Morgan Chase Bank, as Administrative Agent,
               and the Lenders named on Schedule 2.01 thereto

                                       CARREKER CORPORATION

                                       By: /s/ John D. Carreker, Jr.
                                          -------------------------------------
                                           John D. Carreker, Jr.
                                           Chief Executive Officer

                                       J.P. MORGAN CHASE BANK, individually as a
                                       Lender and Issuing Bank and as
                                       Administrative Agent

                                       By: /s/ Mae Reeves
                                          -------------------------------------
                                           Mae Reeves
                                           Vice President

                                       COMPASS BANK,
                                       Individually as a Lender
                                       and as Syndication Agent

                                       By: /s/ R. Bruce Frey
                                          -------------------------------------
                                           R. Bruce Frey
                                           Vice President

           SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT

<Page>

           SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT,
                       Dated as of October 31, 2001
               amending Credit Agreement, dated June 6, 2001,
              by and among Carreker Corporation, as Borrower,
             J.P. Morgan Chase Bank, as Administrative Agent,
              and the Lenders named on Schedule 2.01 thereto

                                       FIRSTAR BANK, N.A.

                                       By: /s/ Gregory L. Dryden
                                          -------------------------------------
                                           Name: Gregory L. Dryden
                                                -------------------------------
                                           Title: Vice President
                                                 ------------------------------

                                       WELLS FARGO BANK TEXAS,
                                       NATIONAL ASSOCIATION

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

             SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT
<Page>

                            CONSENT OF GUARANTOR

    To induce Lenders to enter into this Amendment, the undersigned (a)
consents and agrees to execution and delivery of the Amendment, (b) ratifies
and confirms that all guaranties, assurances, and Liens granted, conveyed, or
assigned to Lender under the Loan Documents are not released, diminished,
impaired, reduced, or otherwise adversely affected by this Amendment and
continue to guarantee, assure, and secure the full payment and performance of
all present and future Obligation, (c) that any liens and security interests
in any collateral created under the Loan Documents secure, among other
indebtedness, Borrower's obligations under the Credit Agreement, as amended
by the Amendment, (d) all liabilities and obligations guaranteed by the
undersigned pursuant to any guaranty executed by the undersigned include,
without limitation, the indebtedness evidenced by the Credit Agreement, as
amended by the Amendment, (e) agrees to perform such acts and duly authorize,
execute, acknowledge, deliver, file, and record such additional guaranties,
assignments, security agreements, deeds of trust, mortgages, and other
agreements, documents, instruments, and certificates as Administrative Agent
may reasonably deem necessary or appropriate in order to create, perfect,
preserve, and protect those guaranties, assurances, and Liens, (f) represents
and warrants to Administrative Agent and the Lenders that (i) the value of
the consideration received and to be received by the undersigned in respect
of those guaranties, assurances, and Liens are reasonably worth at least as
much as the liability and obligation of the undersigned thereunder, (ii) the
liability and obligation may reasonably be expected to directly or indirectly
benefit the undersigned, and (iii) the undersigned is and after giving effect
to those guaranties, assurances, Liens, and the Loan Documents, in light of
all existing facts and circumstances (including, without limitation,
collateral for and other obligors in respect of the Obligation and various
components of it and various rights of subrogation and contribution), will be
solvent, and (g) waives notice of acceptance of this consent and agreement,
which consent and agreement binds the undersigned and its successors and
permitted assigns and inures to Lenders and their successors and permitted
assigns.

    Executed effective as of October 31, 2001.

                                       CARREKER CHECK SOLUTIONS, LLC,
                                       A Delaware limited liability company

                                       By: /s/ John D. Carreker, Jr.
                                          --------------------------------------
                                           John D. Carreker, Jr.
                                           President and Chief Executive Officer

                                                            CONSENT OF GUARANTOR
<Page>

                                   EXHIBIT I

                          BORROWING BASE CERTIFICATE
                            (Carreker Corporation)

                                     AS OF
                                   _________

<Table>
<S>                                                                       <C>
1.     Total Invoiced Receivables                                         $___________

2.     Plus Unbilled Receivables                                          $___________

3.     Less: Amounts 90 Days Past Due (without duplication)               ($__________)

4.     Net Eligible Receivables                                           $___________

5.     Advance Rate                                                            90%

6.     Borrowing Base (#4 x #5):                                          $___________

16.     Less: Aggregate Revolving Credit Exposure                         ($__________)

17.     AVAILABLE AMOUNT1:                                                $___________
</Table>

    Borrower certifies that the computation of the Borrowing Base set forth
above complies with and has been prepared from the books of account and
records of the Loan Parties in accordance with GAAP and represents fairly and
accurately the status of the Borrower's and its Subsidiaries' accounts as of
the date stated above.

CARREKER CORPORATION
a Delaware corporation

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

----------------
1 Not to exceed $45,000,000 at any time prior to delivery by Borrower of the
Compliance Certificate for the Fiscal Quarter ending January 31, 2002.

                                                                       EXHIBIT I

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