Document:

Exhibit 4.10
                                                                    ------------

                      TECHNOLOGY MODELING ASSOCIATES, INC.

                           1996 EQUITY INCENTIVE PLAN

                             As Adopted July 8, 1996

         1. PURPOSE. The purpose of this Plan is to provide incentives to
attract, retain and motivate eligible persons whose present and potential
contributions are important to the success of the Company, its Parent and
Subsidiaries, by offering them an opportunity to participate in the Company's
future performance through awards of Options, Restricted Stock and Stock
Bonuses. Capitalized terms not defined in the text are defined in Section 23.

         2. SHARES SUBJECT TO THE PLAN.

               2.1 Number of Shares Available. Subject to Sections 2.2 and 18,
the total number of Shares reserved and available for grant and issuance
pursuant to this Plan will be 1,500,000 Shares. Subject to Sections 2.2 and 18,
Shares that (a) are subject to issuance upon exercise of an Option but cease to
be subject to such Option for any reason other than exercise of such Option; (b)
are subject to an Award granted hereunder but are forfeited or are repurchased
by the Company at the original issue price; or (c) are subject to an Award that
otherwise terminates without Shares being issued will again be available for
grant and issuance in connection with future Await under this Plan. With respect
to outstanding option grants under the Company's 1989 Stock Option Plan and 1995
Stock Option Plan. (the "Prior Plans") on the Effective Date (as defined below)
any shares that are issuable upon exercise of options granted pursuant to the
Prior Plans that expire or become unexercisable for any reason without having
been exercised in fu]l will no longer be available for grant and issuance under
the Prior Plans, but will be available for grant and issuance under this Plan.
At all times the Company shall reserve and keep available a sufficient number of
Shares as shall be required to satisfy the requirements of all outstanding
Options granted under this Plan and all other outstanding but unvested Awards
granted under this Plan.

               2.2 Adjustment of Shares. In the event that the number of
outstanding Shares is changed by a stock dividend, recapitalization, stock
split, reverse stock split, subdivision, combination, reclassification or
similar change in the capital structure of the Company without consideration,
then (a) the number of Shares reserved for issuance under this Plan, (b) the
Exercise Prices of and number of Shares subject to outstanding Options, and (c)
the number of Shares subject to other outstanding Awards will be proportionately
adjusted, subject to any required action by. the Board or the shareholders of
the Company and compliance with applicable securities laws; provided, however,
that fractions of a Share will not be issued but wilt either be replaced by a
cash payment equal to the Fair Market Value of such fraction of a Share or will
be rounded up to the nearest whole Share, as determined by the Committee.

         3. ELIGIBILITY. ISO (as defined in Section 5 below) may be granted only
to employees (including officers and directors who are also employees) of the
Company or of a Parent or Subsidiary of the Company. MI other Awards may be
granted to employees, officers, directors, consultants, independent contractors
and advisors of the Company or any Parent or Subsidiary of the Company; provided
such consultants, contractors and advisors render bona fide services not in
connection with the offer and sale of securities in a capital-raising
transaction. No person will be eligible to receive more than 500.000 Shares in
any calendar year under this Plan pursuant to the grant of Awards hereunder,
other than new employees of the Company or of a Parent or Subsidiary of the
Company (including new employees who are also officers and directors of the
Company or any Parent or Subsidiary of the Company) who are eligible to receive
up to a maximum of 800,000 Shares in the calendar year in which they commence
their employment. A person may be granted more than one Award under this Plan.

         4. ADMINISTRATI0N

               4.1 Committee Authority. This Plan will be administered by the
Committee or by the Board acting as the Committee. Subject to the general
purposes, terms and conditions of this Plan, and to the direction of the Board,
the Committee will have full power to implement and carry out this Plan. Without
limitation, the Committee will have the authority to:

               (a)  construe and interpret this Plan, any Award Agreement and
                    any other agreement or document executed pursuant to this
                    Plan;

               (b)  prescribe, amend and rescind rules and regulations relating
                    to this Plan;

               (c)  select persons to receive Awards;

               (d)  determine the form and terms of Awards;

               (e)  determine the number of Shares or other consideration
                    subject to Awards;

               (f)  determine whether Awards will be granted singly, in
                    combination with, in tandem with, in replacement of, or as
                    alternatives to, other Awards under this Plan or any other
                    incentive or compensation plan of the Company or any Parent
                    or Subsidiary of the Company;

               (g)  grant waivers of Plan or Award conditions;

               (h)  determine the vesting, exercisability and payment of Awards;

               (i)  correct any defect, supply any omission or reconcile any
                    inconsistency in this Plan, any Award or any Award Agreement

               (j)  determine whether an Award has been earned and

               (k)  make all other determinations necessary or advisable for the
                    administration of this Plan.

               4.2 Committee Discretion. Any determination made by the Committee
with respect to any Award will be made in its sole discretion at the time of
grant of the Award or, unless in contravention of any express term of this Plan
or Award, at any later time, and such determination will be final and binding on
the Company and on all persons having an interest in any Award under this Plan.
The Committee may delegate to one or more officers of the Company the authority
to grant an Award under this Plan to Participants who are not Insiders of the
Company.

               4.3 Committee Members. If two or more members of the Board are
Outside Directors, the Committee will be comprised of at least two (2) members
of the Board, all of whom are Outside Directors and who satisfy the requirements
under the Exchange Act fur administering this Plan.

         5. OPTIONS. The Committee may grant Options to eligible persons and
will determine whether such Options will be Incentive Stock Options within the
meaning of the Code ("ISO") or Nonqualified Stock Options ("NQSOs"), the number
of Shares subject to the Option, the Exercise Price of the Option. the period
during which the Option may be exercised, and all other terms and conditions of
the Option, subject to the following:

               5.1 Form of Option Grant. Each Option granted under this Plan
will be evidenced by an Award Agreement which will expressly identify the Option
as an ISO or an NQSO ("Stock Option Agreement"), and will be in such form and
contain such provisions (which need not be the same for each Participant) as the
Committee may from time to time approve, and which will comply with and be
subject to the terms and conditions of this Plan.

               5.2 Date of Grant. The date of grant of an Option will be the
date on which the Committee makes the determination to grant such Option, unless
otherwise specified by the Committee. The Stock Option Agreement and a copy of
this Plan will be delivered to the Participant within a reasonable time after
the granting of the Option.

               5.3 Exercise Period.. Options may be exercisable within the times
or upon the event determined by the Committee as set forth in the Stock Option
Agreement governing such Option; provided, however, that no Option will be
exercisable after the expiration of ten (10) years from the date the Option is
granted; and provided further that no 1SO granted to a person who directly or by
attribution owns more than ten percent (10%) of the total combined voting power
of all classes of stock of the Company or of any Parent or Subsidiary of the
Company ("Ten Percent Shareholder") will be exercisable after the expiration of
five (5) years from the date the ISO is granted. The Committee also may provide
for Options to become exercisable at one time or from tune to time, periodically
or otherwise, in such number of Shares or percentage of Shares as the Committee
determines.

               5.4 Exercise Price. The Exercise Price of an Option will be
determined by the Committee when the Option is granted and may be not less than
85% of the Fair Market Value of the Shares on the date of grant; provided that:
(i) the Exercise Price of an ISO will be not less than 100% of the Fair Market
Value of the Shares on the date of grant and (ii) the Exercise Price of any ISO
granted to a Ten Percent Shareholder will not be less than l0% of the Fair
Market Value of the Shares on the date of grant. Payment for the Shares
purchased may be made in accordance with Section 8 of this Plan.

               5.5 Method of Exercise. Options may be exercised only by delivery
to the Company of a written stock option exercise agreement (the "Exercise
Agreement") in a form approved by the Committee (which need not be the same for
each Participant), stating the number of Shares being purchased, the
restrictions imposed on the Shares purchased under such Exercise Agreement, If
any, and such representations and agreements regarding Participant's investment
intent and access to information and other matters, if any, as may be required
or desirable by the Company to comply with applicable securities laws, together
with payment in full of the Exercise Price for the number of Shares being
purchased.

               5.6 Termination. Notwithstanding the exercise periods set forth
in the Stock Option Agreement, exercise of an Option will always be subject to
the following:

               (a)  If the Participant is Terminated for any mason except death
                    or Disability, then the Participant may exercise such
                    Participant's Options only to, the extent that such Options
                    would have been exercisable upon the Termination Date no
                    later than three (3) months after the Termination Date (or
                    such shorter or longer time period not exceeding five (5)
                    years as may be determined by the Committee, with any
                    exercise beyond three (3) months after the Termination Date
                    deemed to be an NQSO), but in any event, no later than the
                    expiration date of the Options.

               (b)  If the Participant is Terminated because of Participant's
                    death or Disability (or the Participant dies within three
                    (3) months after a Termination other than because of
                    Participant's death or disability), then Participant's
                    Options may be exercised only to the extent that such
                    Options would have been exercisable by Participant on the
                    Termination Date and must be exercised by Participant (or
                    Participant's legal representative or authorized assignee)
                    no later than twelve (12) months after the Termination Date
                    (or such shorter or longer time period not exceeding five
                    (5) years as may be determined by the Committee, with any
                    such exercise beyond (a) three (3) months after the
                    Termination Date when the Termination is for any reason
                    ocher than the Participant's death or Disability, or (b)
                    twelve (12) months after the Termination Date when the
                    Termination is for Participant's death or Disability, deemed
                    to be an NQSO), but in any event no later than the
                    expiration date of the Options.

               (c)  If a Participant is determined by the Board to have
                    committed an act of theft, embezzlement, fraud, dishonesty
                    or n breach of fiduciary duty to the Company or Subsidiary,
                    neither the Participant, the Participant's estate nor such
                    other person who may then hold the Option shall be entitled
                    to exercise any Option with respect to any shares
                    whatsoever, after termination of service, whether or not
                    after termination of service the Participant may receive
                    payment from the Company or Subsidiary for vacation pay, for
                    services rendered prior to termination, for services
                    rendered for the day on which termination occurs, for salary
                    in lieu of notice, or for any other benefits. In making such
                    determination, the Board shall give the Participant an
                    opportunity to present to the Board evidence on his behalf.
                    For the purpose of this paragraph, termination of service
                    shall be deemed to occur on the date when the Company
                    dispatches notice or advice to the Participant that his
                    service is terminated.

               5.7 Limitations on Exercise. The Committee may specify a
reasonable minimum number of Shares that may be purchased on any exercise of an
Option, provided that such minimum number will not prevent Participant from
exercising the Option for the full number of Shares for which it is then
exercisable.

               5.8 Limitations on ISO. The aggregate Fair Market Value
(determined as of the date of grant) of Shares with respect to which ISO are
exercisable for the first time by a Participant during any calendar year (under
this Plan or under any other incentive stock option plan of the Company, Parent
or Subsidiary of the Company) will not exceed $100,000. If the Fair Market Value
of Shares on the date of grant with respect to which ISO are exercisable for the
first time by a Participant during any calendar year exceeds $100,000, then the
Options for the first $100,000 worth of Shares to become exercisable in such
calendar year will be ISO and the Options for the amount in excess of $100,000
that become exercisable in that calendar year will be NQSOs. In the event that
the Code or the regulations promulgated thereunder are amended after the
Effective Date of this Plan to provide for a different limit on the Fair Market
Value of Shares permitted to be subject to ISO, such different limit will be
automatically incorporated herein and will apply to any Options granted after
the effective date of such amendment.

               5.9 Modification, Extension or Renewal. The Committee may modify,
extend or renew outstanding Options and authorize the grant of new Options in
substitution therefor, provided that any such action may not, without the
written consent of a Participant, impair any of such Participant's rights under
any Option previously granted. Any outstanding ISO that is modified, extended,
renewed or otherwise altered will be treated in accordance with Section 424(h)
of the Code. The Committee may reduce the Exercise Price of outstanding Options
without the consent of Participants affected by a written notice to them;
provided, however, that the Exercise Price may not be reduced below the minimum
Exercise Price that would be permitted under Section 5.4 of this Plan for
Options granted on the date the action is taken to reduce the Exercise Price.

               5.10 No Disqualification. Notwithstanding any other provision in
this Plan, no term of this Plan relating to ISO will be interpreted, amended or
altered, nor will any discretion or authority granted under this Plan be
exercised, so as to disqualify this Plan under Section 422 of the Code or,
without the consent of the Participant affected, to disqualify any ISO under
Section 422 of the Code.

         6. RESTRICTED STOCK. A Restricted Stock Award is an offer by the
Company to sell to an eligible person Shares that are subject to restrictions.
The Committee will determine to whom an offer will be made, the number of Shares
the person may purchase, the price to be paid (the "Purchase Price"), the
restrictions to which the Shares will be subject, and all other terms and
conditions of the Restricted Stock Reward, subject to the following:

               6.1 Form of Restricted Stock Award. All purchases under a
Restricted Stock Award made pursuant to this Plan will be evidenced by an Award
Agreement ("Restricted Stock Purchase Agreement") that will be in such form
(which need not be the same for each Participant) as the Committee will from
time to time approve, and will comply with and be subject to the terms and
conditions of this Plan. The offer of Restricted Stock will be accepted by the
Participant's execution and delivery of the Restricted Stock Purchase Agreement
and full payment for the Shares to the Company within thirty (30) days from the
date the Restricted Stock Purchase Agreement is delivered to the person. If such
person does not execute and deliver the Restricted Stock Purchase Agreement
along with full payment for the Shares to the Company within thirty (30) days,
then the offer will terminate, unless otherwise determined by the Committee.

               6.2 Purchase Price. The Purchase Price of Shares sold pursuant to
a Restricted Stock Award will be determined by the Committee and will be at
least 85% of the Fair Market Value of the Shares on the date the Restricted
Stock Award is granted, except in the case of a sale to a Ten Percent
Shareholder, in which case the Purchase Price will be 100% of the Fair Market
Value. Payment of the Purchase Price may be made in accordance with Section 8 of
this Plan.

               6.3 Restrictions. Restricted Stock Awards will be subject to such
restrictions (if any) as the Committee may impose. The Committee may provide for
the lapse of such restrictions in installments and may accelerate or waive such
restrictions, in whole or part, based on length of service, performance or such
other factors or criteria as the Committee may determine.

         7. STOCK BONUSES

               7.1 Awards of Stock Bonuses. A Stock Bonus is an award of Shares
(which may consist of Restricted Stock) for services rendered to the Company or
any Parent or Subsidiary of the Company. A Stock Bonus may be awarded for past
services already rendered to the Company, or any Parent or Subsidiary of the
Company pursuant to an Award Agreement (the "Stock Bonus Agreement") that will
be in such form (which need not be the same for each Participant) as the
Committee will from time to time approve, and will comply with and be subject to
the terms and conditions of this Plan. A Stock Bonus may be awarded upon
satisfaction of such performance goals as are set out in advance in the
Participant's individual Award Agreement (the "Performance Stock Bonus
Agreement") that will be in such form (which need not be the same for each
Participant) as the Committee will from time to time approve, and will comply
with and be subject to the terms and conditions of this Plan. Stock Bonuses may
vary from Participant to Participant and between groups of Participants, and may
be based upon the achievement of the Company, Parent or Subsidiary and/or
individual performance factors or upon such other criteria as the Committee may
determine.

               7.2 Terms of Stock Bonuses. The Committee will determine the
number of Shares to be awarded to the Participant and whether such Shares will
be Restricted Stock. If the Stock Bonus is being earned upon the satisfaction of
performance goals pursuant to a Performance Stock Bonus Agreement, then the
Committee will determine: (a) the nature, length and starting date of any period
during which performance is to be measured (the "Performance Period") for each
Stock Bonus; (b) the performance goals and criteria to be used to measure the
performance, if any; (c) the number of Shares that may be awarded to the
Participant; and (d) the extent to which such Stock Bonuses have been earned.
Performance Periods may overlap and Participants may participate simultaneously
with respect to Stock Bonuses that are subject to different Performance Periods
and different performance goals and other criteria. The number of Shares may be
(tied or may vary in accordance with such performance goals and criteria as may
be determined by the Committee. The Committee may adjust the performance goals
applicable to the Stock Bonuses to take into account changes in law and
accounting or tax rules and to make such adjustments as the Committee deems
necessary or appropriate to reflect the impact of extraordinary or unusual
items, events or circumstances to avoid windfalls or hardships.

               7.3 Form of Payment. The earned portion of a Stock Bonus may be
paid currently or on a deferred basis with such interest or dividend equivalent,
if any, as the Committee may determine. Payment may be made in the form of cash,
whole Shares, including Restricted Stock, or a combination thereof, either in a
lump sum payment or in installments, all as the Committee will determine.

               7.4 Termination During Performance Period. If a Participant is
Terminated during a Performance Period for any reason, then such Participant
will be entitled to payment (whether in Shares, cash or otherwise) with respect
to the Stock Bonus only to the extent earned as of the date of Termination in
accordance with the Performance Stock Bonus Agreement, unless the Committee will
determine otherwise.

         8. PAYMENT FOR SHARE PURCHASES

               8.1 Payment. Payment for Shares purchased pursuant to this Plan
may be made in cash (by check) or, where expressly approved for the Participant
by the Committee and where permitted by law:

               (a)  by cancellation of indebtedness of the Company to the
                    Participant;

               (b)  by surrender of shares that either, (1) have been owned by
                    Participant for more than six (6) months and have been paid
                    for within the meaning of SEC Rule 144 (and, if such shares
                    were purchased from the Company by use of a promissory note,
                    such note has been fully paid with respect to such shares);
                    or (2) were obtained by Participant in the public market;

               (c)  by tender of a full recourse promissory note having such
                    terms as may be approved by the Committee and bearing
                    interest at a rate sufficient to avoid imputation of income
                    under Sections 483 and 1274 of the Code; provided, however,
                    that Participants who are not employees or directors of the
                    Company will not be entitled to purchase Shares with a
                    promissory note unless the note is adequately secured by
                    collateral other than the Shares;

               (d)  by waiver of compensation due or accrued to the Participant
                    for services rendered;

               (e)  with respect only to purchases upon exercise of an Option,
                    and provided that a public market for the Company's stock
                    exists:

                    (1)  through a "same day sale" commitment from the
                         Participant and a broker-dealer that is a member of the
                         National Association of Securities Dealers (an "NASD
                         Dealer") whereby the Participant irrevocably elects to
                         exercise the Option and to sell a portion of the Shares
                         so purchased to pay for the Exercise Price, and whereby
                         the NASD Dealer Irrevocably commits upon receipt of
                         such Shares to forward the Exercise Price directly to
                         the Company; or

                    (2)  through a "margin" commitment from the Participant and
                         a NASD Dealer whereby the Participant irrevocably
                         elects to exercise the Option and to pledge the Shares
                         so purchased to the NASD Dealer in a margin account as
                         security for a loan from the NASD Dealer in the amount
                         of the Exercise Price, and whereby the NASD Dealer
                         irrevocably commits upon receipt of such Shares to
                         forward the Exercise Price directly to the Company; or

               (f)  by any combination of the foregoing.

               8.2 Loan Guarantees. The Committee may help the Participant pay
for Shares purchased under this Plan by authorizing a guarantee by the Company
of a third-party loan to the Participant.

         9. WITHHOLDING TAXES.

               9.1 Withholding Generally. Whenever Shares arc to be issued in
satisfaction of Awards granted under this Plan, the Company may require the
Participant to remit to the Company an amount sufficient to satisfy federal,
state and local withholding tax requirements prior to the delivery of any
certificate or certificates for such Shares. Whenever, under this Plan, payments
In satisfaction of Awards are to be made in cash, such payment will be net of an
amount sufficient to satisfy federal, state, and local withholding tax
requirements.

               9.2 Stock Withholding. When, under applicable tax laws, a
Participant incurs tax liability in connection with the exercise or vesting of
any Award that is subject to tax withholding and the Participant is obligated to
pay the Company the amount required to be withheld, the Committee may in its
sole discretion allow the Participant to satisfy the minimum withholding tax
obligation by electing to have the Company withhold from the Shares to be issued
that number of Shares having a Fair Market Value equal to the minimum amount
required to be withheld, determined on the date that the amount of tax to be
withheld is to be determined (the "Tax Date"). All elections by a Participant to
have Shares withheld for this purpose will be made in accordance with the
requirements established by the Committee and be in writing in a form acceptable
to the Committee.

         10. PRIVILEGES OF STOCK OWNERSHIP.

               10.1 Voting and Dividends. No Participant will have any of the
rights of a shareholder with respect to any Shares until the Shares are issued
to the Participant. After Shares are issued to the Participant, the Participant
will be a shareholder and have all the right of a shareholder with respect to
such Shares, including the sight to vote and receive all dividends or other
distributions made or paid with respect to such Shares; provided, that if such
Shares are Restricted Stock, then any new, additional or different securities
the Participant may become entitled to receive with respect to such Shares by
virtue of a stock dividend, stock split or any other change in the corporate or
capital structure of the Company will be subject to the same restrictions as the
Restricted Stock; provided, further, that the Participant will have no right to
retain such stock dividends or stock distributions with respect to Shares that
are repurchased at the Participant's original Purchase Price pursuant to Section
12.

               10.2 Financial Statements. The Company will provide financial
statements to each Participant prior to such Participant's purchase of Shares
under this Plan, and to each Participant annually during the period such
Participant has Awards outstanding; provided, however, the Company will not be
required to provide such financial statements to Participants whose services in
connection with the Company assure them access to equivalent information.

         11. TRANSFERABILITY. Awards granted under this Plan, and any interest
therein, will not be transferable or assignable by Participant and may not be
made subject to execution, attachment or similar process, otherwise than by will
or by the laws of descent and distribution or as determined by the Committee and
set forth in the Award Agreement with respect to Awards that are not ISOs.
During the lifetime of the Participant an Award will be exercisable only by the
Participant, and any elections with respect to an Award may be made only by the
Participant unless otherwise determined by the Committee and set forth in the
Award Agreement with respect to Awards that are not ISOs.

         12. RESTRICTIONS ON SHARES. At the discretion of the Committee, the
Company may reserve to itself and/or its assignee(s) in the Award Agreement a
right to repurchase a portion of or all Unvested Shares held by a Participant
following such Participant's Termination at any time within ninety (90) days
after the later of Participant's Termination Date and the date Participant
purchases Shares under this Plan, for cash and/or cancellation of purchase money
indebtedness, at the Participant's Exercise Price or Purchase Price, as the case
may be.

         13. CERTIFICATES. All certificates for Shares or other securities
delivered under this Plan will be subject to such stock transfer orders, legends
and other restrictions as the Committee may deem necessary or advisable,
including restrictions under any applicable federal, state or foreign securities
law, or any rules, regulations and other requirements of the SEC or any stock
exchange or automated quotation system upon which the Shares may be listed or
quoted.

         14. ESCROW; PLEDGE OF SHARES. To enforce any restrictions on a
Participant's Shares, the Committee may require the Participant to deposit all
certificates representing Shares, together with stock powers or other
instruments of transfer approved by the Committee, appropriately endorsed in
blank, with the Company or an agent designated by the Company to hold in escrow
until such restrictions have lapsed or terminated, and the Committee may cause a
legend or legends referencing such restrictions to be placed on the
certificates. Any Participant who is permitted to execute a promissory note as
partial or full consideration for the purchase of Shares under this Plan will be
required to pledge and deposit with the Company all or part of the Shares so
purchased as collateral to secure the payment of Participant's obligation to the
Company under the promissory note; provided, however, that the Committee may
require or accept other or additional forms of collateral to secure the payment
of such obligation and, in any event, the Company will have full recourse
against the Participant under the promissory note notwithstanding any pledge of
the Participant's Shares or other collateral In connection with any pledge of
the Shares, Participant will be required to execute and deliver a written pledge
agreement in such form as the Committee will from time to time approve. The
Shares purchased with the promissory note may be released from the pledge on a
pro rata basis as the promissory note is paid.

         15. EXCHANGE AND BUYOUT OF AWARDS. The Committee may, at any time or
from time to time, authorize the Company, with the consent of the respective
Participants, to issue new Awards in exchange for the surrender and cancellation
of any or all outstanding Awards. The Committee may at any time buy from a
Participant an Award previously granted with payment in cash, Shares (including
Restricted Stock) or other consideration, based on such terms and conditions as
the Committee and the Participant may agree.

         16. SECURITIES LAW AND OTHER REGULATROY COMPLIANCE. An Award will not
be effective unless such Award is in compliance with all applicable federal and
state securities laws, rules and regulations of any governmental body, and the
requirements of any stock exchange or automated quotation system upon which the
Shares may then be listed or quoted, as they are in effect on the date of grant
of the Award and also on the date of exercise or other issuance. Notwithstanding
any other provision in this Plan, the Company will have no obligation to issue
or deliver certificates for Shares under this Plan prior to: (a) obtaining any
approvals from governmental agencies that the Company determines are necessary
or advisable; and/or (b) completion of any registration or other qualification
of such Shares under any state or federal law or ruling of any governmental body
that the Company determines to be necessary or advisable. The Company will be
under no obligation to register the Shares with the SEC or to effect compliance
with the registration, qualification or listing requirements of any state
securities laws, stock exchange or automated quotation system, and the Company
will have no liability for any inability or failure to do so.

         17. NO OBLIGATION TO EMPLOY. Nothing in this Plan or any Award granted
under this Plan will confer or be deemed to confer on any Participant any right
to continue in the employ of, or to continue any other relationship with, the
Company or any Parent or Subsidiary of the Company or limit in any way the right
of the Company or any Parent or Subsidiary of the Company to terminate
Participant's employment or other relationship at any time, with or without
cause.

         18. CORPORATE TRANSACTIONS.

               18.1 Assumption or Replacement of Awards by Successor. In the
event of (a) a dissolution or liquidation of the Company, (b) a merger or
consolidation in which the Company is not the surviving corporation (other than
a merger or consolidation with a wholly-owned subsidiary, a reincorporation of
the Company in a different jurisdiction, or other transaction in which there is
no substantial change in the shareholders of the Company or their relative stock
holdings and the Awards granted under this Plan are assumed, converted or
replaced by the successor corporation, which assumption will be binding on all
Participants), (c) a merger in which the Company is the surviving corporation
but after which the shareholders of the Company immediately prior to such merger
(other than any shareholder that merges, or which owns or controls another
corporation that merges, with the Company in such merger) cease to own their
shares or other equity interest in the Company, or (d) the sale of substantially
all of the assets of the Company, any or all outstanding Awards may be assumed,
converted or replaced by the successor corporation (if any), which assumption,
conversion or replacement will be binding on all Participants. In the
alternative, the successor corporation may substitute equivalent Awards or
provide substantially similar consideration to Participants as was provided to
shareholders (after taking into account the existing provisions of the Awards).
The successor corporation may also issue, in place of outstanding Shares of the
Company held by the Participant, substantially similar shares or other property
subject to repurchase restrictions no less favorable to the Participant. In the
event such successor corporation (if any) refuses to assume or substitute
Awards, as provided above, pursuant to a transaction described in this
Subsection 18.1, such Awards will expire on such transaction at such time and on
such conditions as the Board will determine.

               18.2 Other Treatment of Awards. Subject to any greater rights
granted to Participants under the foregoing provisions of this Section 18, in
the event of the occurrence of any transaction described in Section 18.1, any
outstanding Awards will be treated as provided in the applicable agreement or
plan of merger, consolidation, dissolution, liquidation, sale of assets or other
"corporate transaction."

               18.3 Assumption of Awards by the Company. The Company, from time
to time, also may substitute or assume outstanding awards granted by another
company, whether in connection with an acquisition of such other company or
otherwise, by either; (a) granting an Award under this Plan in substitution of
such other company's award; or (b) assuming such award as if it had been granted
under this Plan if the terms of such assumed award could be applied to an Award
granted under this Plan. Such substitution or assumption will be permissible if
the holder of the substituted or assumed award would have been eligible to be
granted an Award under this Plan if the other company had applied the rules of
this Plan to such grant In the event the Company assumes an award granted by
another company, the terms and conditions of such award will remain unchanged
(except that the exercise price and the number and nature of Shares issuable
upon exercise of any such option will be adjusted appropriately pursuant to
Section 424(a) of the Code). In the event the Company elects to grant a new
Option rather than assuming an existing option, such new Option may be granted
with a similarly adjusted Exercise Price.

         19. ADOPTION AND SHAREHOLDER APPROVAL. This Plan will become effective
on the date on which the registration statement filed by the Company with the
SEC under the Securities Act registering the initial public offering of the
Company's Common Stock is declared effective by the SEC (the "Effective Date");
provided, however, that if the Effective Date does not occur on or before
December 31, 1997, this Plan will terminate having never become effective. This
Plan shall be approved by the shareholders of the Company (excluding Shares
issued pursuant to this Plan), consistent with applicable laws, within twelve
(12) months before or after the date this Plan is adopted by the Board. Upon the
Effective Dale, the Board may grant Awards pursuant to this Plan; provided,
however, that (a) no Option may be exercised prior to initial shareholder
approval of this Plan; (b) no Option granted pursuant to an increase in the
number of Shares subject to this Plan approved by the Board will be exercised
prior to the time such increase has been approved by the shareholders of the
Company; and (c) in the event that shareholder approval of such increase is not
obtained within the time period provided herein, all Awards granted hereunder
will be canceled, any Shares issued pursuant to any Award will be canceled, and
any purchase of Shares hereunder will be rescinded. So long as the Company is
subject to Section 16(b) of the Exchange Act, the Company will comply with the
requirements of Rule 16b-3 (or its successor), as amended, with respect to
shareholder approval.

         20. TERM OF PLAN/GOVERNING LAW. Unless earlier terminated as provided
herein, this Plan will terminate ten (10) years from the date this Plan is
adopted by the Board or, if earlier, the date of shareholder approval. This Plan
and all agreements thereunder shall be governed by and construed in accordance
with the laws of the State of California.

         21. AMENDMENT OR TERMINATION OF PLAN. The Board may at any time
terminate or amend this Plan in any respect, including without limitation
amendment of any form of Award Agreement or instrument to be executed pursuant
to this Plan; provided. however, that the Board will not, without the approval
of the shareholders of the Company, amend this Plan in any manner that requires
such shareholder approval pursuant to the Code or the regulations promulgated
thereunder as such provisions apply to ISO plans or (if the Company is subject
to the Exchange Act or Section 16(b) of the Exchange Act) pursuant to the
Exchange Act or Rule I 6b-3 (or its successor), as amended, thereunder,
respectively.

         22. NONEXCLUSIVITY OF THE PLAN. Neither the adoption of this Plan by
the Board, the submission of this Plan to the shareholders of the Company for
approval, nor any provision of this Plan will be construed as creating any
limitations on the power of the Board to adopt such additional compensation
arrangements as it may deem desirable, including, without limitation, the
granting of stock options and bonuses otherwise than under this Plan, and such
arrangements may be either generally applicable or applicable only in specific
cases.

         23. DEFINITIONS. As used in this Plan, the `following terms will have
the following meanings:

               "Award" means any award under this Plan, including any Option,
Restricted Stock or Stock Bonus.

               "Award Agreement" means, with respect to each Award, the signed
written agreement between the Company and the Participant setting forth the
terms and conditions of the Award.

               "Board" means the Board of Directors of the Company.

               "Code" means the Internal Revenue Code of 1986, as amended.

               "Committee" means the committee appointed by the Board to
administer this Plan, or if no such committee is appointed, the Board.

               "Company" means Technology Modeling Associates, Inc. or any
successor corporation.

               "Disability" means a disability, whether temporary or permanent,
partial or total, within the meaning of Section 22(e)(3) of the Code, as
determined by the Committee.

               "Exchange Act" means the Securities Exchange Act of 1934, as
amended. "Exercise Price" means the price at which a holder of an Option may
purchase the Shares issuable upon exercise of the Option.

               "Fair Market Value" means, as of any date, the value of a share
of the Company's Common Stock determined as follows:

               (a)  if such Common Stock is then quoted on the Nasdaq National
                    Market, its closing price on the Nasdaq National Market on
                    the date of determination as reported in The Wall Street
                    Journal;

               (b)  if such Common Stock is publicly traded and is then listed
                    on a national securities exchange, its closing price on the
                    dare of determination on the principal national securities
                    exchange on which the Common Stock is listed or admitted to
                    trading as reported in The Wall Street Journal:

               (c)  if such Common Stock is publicly traded but is not quoted on
                    the Nasdaq National Market nor listed or admitted to trading
                    on a national securities exchange, the average of the
                    closing bid and asked prices on the date of determination as
                    reported in The Wall Street Journal;

               (d)  in the case of an Award made on the Effective Date, the
                    price per share at which shares of the Company's Common
                    Stock are initially offered for sale to the public by the
                    Company's underwriters in the initial public offering of the
                    Company's Common Stock pursuant to a registration statement
                    filed with the SEC under the Securities Act; or

               (d)  if none of the foregoing is applicable, by the Committee in
                    good faith.

               "Insider" means an officer or director of the Company or any
other person whose transactions in the Company's Common Stock are subject to
Section 16 of the Exchange Act.

               "Outside Director" means any director who is not; (a) a current
employee of the Company or any Parent or Subsidiary of the Company; (b) A former
employee of the Company or any Parent or Subsidiary of the Company who is
receiving compensation for prior services (other than benefits under a
tax-qualified pension plan); (c) a current or former officer of the Company or
any Parent or Subsidiary of the Company; or (d) currently receiving compensation
for personal services in any capacity, other than as a director, from the
Company or any Parent or Subsidiary of the Company; provided; however, that at
such time as the term "Outside Director", as used in Section 162(m) of the Code
is defined in regulations promulgated under Section 162(m) of the Code, "Outside
Director" will have the meaning set forth In such regulations, as amended from
time to time and as interpreted by the Internal Revenue Service.

               "Option" means an award of an option to purchase Shares pursuant
to Section 5.

               "Parent" means any corporation (other than the Company) in an
unbroken chain of corporations ending with the Company if each of such
corporations other than the Company owns stock possessing 50% or more of the
total combined voting power of all classes of stock in one of the other
corporations in such chain.

               "Participant" means a person who receives an Award under this
Plan.

               "Plan" means this Technology Modeling Associates, Inc. 1996
Equity Incentive Plan, as amended from time to time.

               "Restricted Stock Award" means an award of Shares pursuant to
Section 6.

               "SEC" means the Securities and Exchange Commission.

               "Securities Act" means the Securities Act of 1933, as amended.

               "Shares" means shares of the Company's Common Stock reserved for
issuance under this Plan, as adjusted pursuant to Sections 2 and 18, and any
successor security.

               "Stock Bonus" means an award of Shares, or cash in lieu of
Shares, pursuant to Section 7.

               "Subsidiary" means any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company if each of the
corporations ocher than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

               "Termination" or "Terminated" means, for purposes of this Plan
with respect to a Participant, that the Participant has for any reason ceased to
provide services as an employee, officer, director, consultant, independent
contractor, or advisor to the Company or a Parent or Subsidiary of the Company.
An employee will not be deemed to have ceased to provide services in the case of
(i) sick leave, (ii) military leave, or (iii) any other leave of absence
approved by the Committee, provided, that such leave is for a period of not more
than 90 days, unless reemployment upon the expiration of such leave is
guaranteed by contract or statute or unless provided otherwise pursuant to
formal policy adopted from tint to time by the Company and issued and
promulgated to employees in writing. In the case of any employee on an approved
leave of absence, the Committee may snake such provisions respecting suspension
of vesting of the Award while on leave from the employ of the Company or a
Subsidiary as it may deem appropriate, except that in no event may an Option be
exercised after the expiration of the term set forth in the Option agreement.
The Committee will have sole discretion to determine whether a Participant has
ceased to provide services arid the effective date on which the Participant
ceased to provide services (the "Termination Date").

               "Unvested Shares" means "Unvested Shares" as defined in the Award
Agreement.

               "Vested Shares" means "Vested Shares" as defined in the Award
Agreement.Exhibit 4.1

                                   SUPPLEMENT
                                       TO
                                SERIES SUPPLEMENT
            CORPORATE BACKED TRUST CERTIFICATES SERIES 2001-25 TRUST

          THIS SUPPLEMENT, dated as of June 3, 2002 (this "Supplement"), to the
Series Supplement dated as of June 14, 2001 (the "Series Supplement") between
Lehman ABS Corporation, as depositor (the "Depositor"), and U.S. Bank Trust
National Association, as the trustee (the "Trustee" and, together with the
Depositor, the "Parties"), with respect to the Corporate Backed Trust
Certificates Series 2001-25 Trust, which supplements the Standard Terms for
Trust Agreements, dated as of January 16, 2001 (the "Standard Terms" and,
together with the Series Supplement, the "Trust Agreement"), between the
Depositor and the Trustee.

                              W I T N E S S E T H:

          WHEREAS, the Parties entered into the Series Supplement for the
purpose of setting forth, among other things, certain supplemental information
with respect to the issuance of certificates initially designated Corporate
Backed Trust Certificates Series 2001-25;

          WHEREAS, the Parties desire to cause the Trust to issue an additional
565,200 Class A-1 Certificates with an initial aggregate Certificate Principal
Amount of $14,130,000 and additional Class A-2 Certificates with an aggregate
initial notional amount of $14,130,000; and

          WHEREAS, Section 10.01 of the Standard Terms and Section 14 of the
Series Supplement permit the amendment of the Series Supplement upon the terms
and conditions specified therein and the Parties desire to amend the Series
Supplement to cure certain ambiguities contained therein.

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

     1. Definitions. Each capitalized term used but not defined herein shall
have the meaning assigned to such term in the Trust Agreement.

     2. Issuance of Additional Certificates. Pursuant to Section 3(d) of the
Series Supplement, the Depositor hereby sells to the Trust an additional
$14,130,000 of Underlying Securities and the Trust hereby issues an additional
565,200 Class A-1 Certificates with an initial aggregate Certificate Principal
Amount of $14,130,000 and additional Class A-2 Certificates with an initial
notional amount of $14,130,000 (the "Additional Certificates"). The Additional
Certificates shall have an original issue date of even date herewith. The Trust
is also issuing call warrants with respect to the Additional Certificates (the
"Additional Call Warrants"). The descriptions of the Underlying Securities, the
Certificates and the Call Warrants in the Series

<PAGE>

Supplement, including the Schedules and Exhibits thereto, shall be deemed to be
amended mutatis mutandis.

     3. Amendments.

     (a) Section 2(a) of the Series Supplement is hereby amended by deleting the
definition of "Call Price" in its entirety and inserting the following in its
place:

          "Call Price" shall mean, for each related Call Date, (i) in
          the case of the Class A-1 Certificates, the par value of the
          Class A-1 Certificates being purchased pursuant to the
          exercise of the Call Warrants, plus any accrued and unpaid
          interest on such amount (including any deferred
          distributions with interest thereon) to but excluding the
          Call Date and (ii) in the case of the Class A-2
          Certificates, the present value of all amounts that would
          otherwise have been payable on the Class A-2 Certificates
          being purchased pursuant to the exercise of the Call
          Warrants for the period from the related Call Date to the
          Final Scheduled Distribution Date using a discount rate of
          10% per annum, assuming no delinquencies, deferrals,
          redemptions or prepayments on the Underlying Securities
          shall occur after the related Call Date."

     (b) Section 3(e) of the Series Supplement is hereby deleted in its entirety
and the following is hereby inserted in its place:

          "No Class A-2 Certificate or Call Warrant may be offered,
          resold, assigned or otherwise transferred (including by
          pledge or hypothecation) at any time prior to (x) the date
          which is two years or such shorter period of time as
          permitted by Rule 144(k) under the Securities Act of 1933,
          as amended (the "Securities Act"),after the later of the
          original issue date of such Class A-2 Certificates or Call
          Warrants, as applicable, and the last date on which the
          Depositor or any "affiliate" (as defined in Rule 144 under
          the Securities Act) of the Depositor was the owner of such
          Class A-2 Certificates or Call Warrants, as applicable (or
          any predecessor thereto), or (y) such later date, if any, as
          may be required by a change in applicable securities laws
          (the "Resale Restriction Termination Date") unless such
          offer, resale, assignment or transfer is (i) to the Trust,
          (ii) pursuant to an effective registration statement under
          the Securities Act, (iii) to a qualified institutional buyer
          (a "QIB"), as such term is defined in Rule 144A promulgated
          under the Securities Act ("Rule 144A"), in accordance with
          Rule 144A or (iv) pursuant to another available exemption
          from registration provided under the Securities Act, and, in
          each of cases (i) through (iv), in accordance with any
          applicable securities laws of any state of the United States
          and other jurisdictions. Prior to any offer, resale,
          assignment or

<PAGE>

          transfer of any Class A-2 Certificates or Call Warrants in
          the manner described in clause (iii) above, the prospective
          transferee and the prospective transferor shall be required
          to deliver to the Trustee an executed copy of an investment
          letter substantially in the form of (A) Exhibit C-1 hereto,
          in the case of any offer, resale, assignment or transfer of
          Class A-2 Certificates and (B) Exhibit C-2 hereto, in the
          case of any offer, resale, assignment or transfer of Call
          Warrants. Prior to any offer, resale, assignment or transfer
          of any Class A-2 Certificates or Call Warrants in the manner
          described in clause (iv) above, the prospective transferee
          and the prospective transferor shall be required to deliver
          to the Trustee documentation certifying that the offer,
          resale, assignment or transfer complies with the provisions
          of said clause (iv). In addition to the foregoing, each
          prospective transferee of any Class A-2 Certificates or Call
          Warrants in the manner contemplated by clause (iii) above
          shall acknowledge, represent and agree as follows:

               (1) The transferee (x) is a QIB, (y) is aware that the
          sale to it is being made in reliance on Rule 144A and (z) is
          acquiring such Class A-2 Certificates or Call Warrants, as
          applicable, for its own account or for the account of a QIB.

               (2) The transferee understands that the Class A-2
          Certificates or Call Warrants, as applicable, are being
          offered in a transaction not involving any public offering
          in the United States within the meaning of the Securities
          Act, and that the Class A-2 Certificates or Call Warrants,
          as applicable, have not been and will not be registered
          under the Securities Act.

               (3) The transferee agrees that (A) if in the future it
          decides to offer, resell, pledge or otherwise transfer the
          Class A-2 Certificates or Call Warrants, as applicable,
          prior to the Resale Restriction Termination Date, such Class
          A-2 Certificates or Call Warrants, as applicable, shall only
          be offered, resold, assigned or otherwise transferred (i) to
          the Trust, (ii) pursuant to an effective registration
          statement under the Securities Act, (iii) to a QIB, in
          accordance with Rule 144A or (iv) pursuant to another
          available exemption from registration provided under the
          Securities Act, and, in each of cases (i) through (iv), in
          accordance with any applicable securities laws of any state
          of the United States and other jurisdictions and (B) the
          transferee will, and each subsequent holder is required to,
          notify any subsequent purchaser of such Class A-2
          Certificates or Call Warrants, as applicable, from it of the
          resale restrictions referred to in clause (A) above."

     (c) Section 7 of the Series Supplement is hereby amended as follows:

<PAGE>

     (i) Section 7(a) is hereby amended by adding the following sentence at the
     end thereof:

          "On any Call Date, any Warrant Holder may exchange Called
          Certificates (as defined in the Warrant Agent Agreement) for
          a distribution of Underlying Securities representing the
          same percentage of Underlying Securities as such Called
          Certificates represent of all outstanding Certificates;
          provided that any such exchange shall either (x) result from
          an exercise of all Call Warrants owned by such Warrant
          Holder or (y) occur on a Call Date on which such Warrant
          Holder, alone or together with one or more other Warrant
          Holders, shall exchange Called Certificates relating to
          Underlying Securities having an aggregate principal amount
          equal to or in excess of the product of (i) 0.1 and (ii) the
          aggregate principal amount of the Underlying Securities
          deposited into the Trust on the Closing Date."

     (ii) The following proviso shall be added at the end of Section 7(b)(i):

          "; provided that for an Optional Exchange to occur on a Call
          Date, unless otherwise specified therein, the Call Notice
          shall be deemed to be the notice required hereunder."

     (iii) The following proviso shall be added at the end of Section 7(b)(ii):

          "; provided that for an Optional Exchange to occur on a Call
          Date, payment of the Call Price to the Warrant Agent
          pursuant to Section 1.1(a)(iii) of the Warrant Agent
          Agreement shall satisfy the requirement to surrender
          Certificates."

     (iv) The following proviso shall be added at the end of Section 7(b)(vii):

          "; provided that satisfaction of the conditions set forth in
          this Section 7(b) shall entitle the Certificateholder or
          Warrant Holder, as applicable, to a distribution thereof."

     (iv) The following subsections shall be added after the existing Section
     7(b)(vii) as a new Section 7(b)(viii) and Section 7(b)(ix), respectively:

          "(viii) The aggregate principal amount of Certificates
          exchanged in connection with any Optional Exchange pursuant
          to this Section shall be in an amount that will entitle the
          Certificateholders thereof to Underlying Securities in an
          even multiple of the minimum denomination of such Underlying
          Securities."

     (vi) Section 7(d)(vi) is hereby deleted in its entirety and the following
     is hereby inserted in its place:

<PAGE>

          "(vi) The Trustee shall not consent to any amendment or
          modification of this Agreement (including the Standard
          Terms) which would alter the timing or amount of any payment
          of the Call Price or any other provision of this Section 7
          without the prior written consent of 100% of the Warrant
          Holders."

     (d) Schedule I of the Series Supplement is hereby deleted in its entirety.

     (e) Exhibit C of the Series Supplement is hereby deleted in its entirety
and the attached Exhibits C-1 and C-2 hereto shall be inserted in its place.

     4. Additional Notice Provisions. For the purposes of the Series Supplement
and the Warrant Agent Agreement, all notices to be provided to the Trustee shall
also be provided to the Warrant Agent, and all notices to be provided to the
Certificateholders shall also be provided to the Warrant Holders.

     5. Effect of Supplement. Except as supplemented hereby, the Series
Supplement is ratified and confirmed and continues in full force and effect.

     6. Counterparts. This Supplement may be executed in any number of
counterparts, each of which shall be deemed to be an original, and all such
counterparts shall constitute but one and the same instrument.

     7. Governing Law. THIS SUPPLEMENT AND THE TRANSACTIONS DESCRIBED HEREIN
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO THE CHOICE OF LAWS PROVISIONS THEREOF.

     8. Headings. The headings of Sections contained in this Amendment are
provided for convenience only. They form no part of this Amendment or the Series
Supplement and shall not affect the construction or interpretation of this
Amendment or Series Supplement or any provisions hereof or thereof.

<PAGE>

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

                                 LEHMAN ABS CORPORATION,
                                   as Depositor

                                 By: _________________________________________
                                     Name:
                                     Title:

                                 U.S. BANK TRUST NATIONAL ASSOCIATION,
                                     not in its individual capacity
                                     but solely as Trustee on behalf
                                     of the Corporate Backed Trust Certificates,
                                     Series 2001-25 Trust

                                 By: _________________________________________
                                     Name:
                                     Title:

<PAGE>

                                   EXHIBIT C-1

                            FORM OF INVESTMENT LETTER

                          QUALIFIED INSTITUTIONAL BUYER

                            Dated: [_______________]

U.S. Bank Trust National Association,
100 Wall Street
New York, New York 10005

Lehman Brothers Inc.
745 Seventh Avenue
New York, New York  10019

Lehman ABS Corporation
745 Seventh Avenue
New York, New York  10019

Ladies and Gentlemen:

          In connection with its proposed purchase of ________________ aggregate
notional amount of Corporate Backed Trust Certificates, Series 2001-25 Trust
Class A-2 Certificates (the "Securities"), more particularly described in
Schedule A hereto, the undersigned purchaser (the "Purchaser") confirms that:

1.   The Purchaser understands that substantial risks are involved in an
     investment in the Securities. The Purchaser represents that in making its
     investment decision to acquire the Securities, the Purchaser has not relied
     on representations, warranties, opinions, projections, financial or other
     information or analysis, if any, supplied to it by any person, including
     you, Lehman ABS Corporation, as depositor (the "Depositor"), or U.S. Bank
     Trust National Association, as trustee (the "Trustee"), or any of your or
     their affiliates, except as expressly contained in written information, if
     any. The Purchaser has such knowledge and experience in financial and
     business matters as to be capable of evaluating the merits and risks of an
     investment in the Securities, and the Purchaser is able to bear the
     substantial economic risks of such an investment. The Purchaser has relied
     upon its own tax, legal and financial advisors in connection with its
     decision to purchase the Securities.

2.   The Purchaser (A) is a "Qualified Institutional Buyer" (as defined in Rule
     144A under the Securities Act of 1933, as amended (the "1933 Act")) and (B)
     is acquiring the Securities for its own account or for the account of an
     investor of the type described in clause (A) above as to each of which the
     Purchaser exercises sole investment discretion. The Purchaser is purchasing
     the Securities for investment purposes and not with a view to, or for, the
     offer or sale in connection with, a public distribution or in any other
     manner that would violate the 1933 Act or the securities or blue sky laws
     of any state.

<PAGE>

3.   The Purchaser understands that the Securities have not been and will not be
     registered under the 1933 Act or under the securities or blue sky laws of
     any state, and that (i) if it decides to resell, pledge or otherwise
     transfer any Security, such resale, pledge or other transfer must comply
     with the provisions of Section 3(e) of the Series Supplement relating to
     the Securities and (ii) it will, and each subsequent holder will be
     required to, notify any purchaser of any Security from it of the resale
     restrictions referred to in clause (i) above.

4.   The Purchaser understands that each of the Securities will bear a legend
     substantially to the following effect, unless otherwise agreed by the
     Depositor and the Trustee:

          "THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
          ACT OF 1933, AS AMENDED, AND MAY NOT BE TRANSFERRED, SOLD OR
          OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION UNDER SUCH
          ACT IS IN EFFECT OR PURSUANT TO AN EXEMPTION THEREFROM UNDER
          SUCH ACT. THE SECURITY REPRESENTED HEREBY MAY BE TRANSFERRED
          ONLY IN COMPLIANCE WITH THE CONDITIONS SPECIFIED HEREIN OR
          IN THE SERIES SUPPLEMENT."

5.   The Purchaser understands that no subsequent transfer of the Securities is
     permitted unless (A) such transfer is of a Security with the applicable
     minimum denomination and (B) the Purchaser causes the proposed transferee
     to provide to the Depositor and the Trustee, such documentation as may be
     required pursuant to Section 3(e) of this Series Supplement, including if
     required a letter substantially in the form hereof.

6.   The Purchaser is a person or entity (a "Person") who is either

     A.   (1) a citizen or resident of the United States, (2) a corporation,
          partnership or other entity organized in or under the laws of the
          United States or any political subdivision thereof, or (3) an estate
          the income of which is includible in gross income for federal income
          tax purposes regardless of source, or (4) a trust if a court within
          the United States is able to exercise primary supervision of the
          administration of the trust and one or more United States persons have
          the authority to control all substantial decisions of the trust, or

     B.   a Person not described in (A), whose ownership of such Security is
          effectively connected with such Person's conduct of a trade or
          business within the United States within the meaning of the Internal
          Revenue Code of 1986, as amended (the "Code"), and its ownership of
          any interest in such Security will not result in any withholding
          obligation with respect to any payments with respect to the Securities
          by any Person (other than withholding, if any, under Section 1446 of
          the Code), or

     C.   a Person not described in (A) or (B) above, who is not a Person: (1)
          that owns, directly or indirectly, 10% or more of the total combined
          voting power of all classes of stock in the Underlying Securities
          Issuer (as defined in the Prospectus Supplement) entitled to vote, (2)
          that is a controlled foreign corporation related to the Underlying

<PAGE>

          Securities Issuer within the meaning of Section 864(d)(4) of the Code,
          or (3) that is a bank extending credit pursuant to a loan agreement
          entered into in the ordinary course of its trade or business.

          The Purchaser agrees that (I) if it is a Person described in clause
          (A) above, it will furnish to the Depositor and the Trustee a properly
          executed IRS Form W-9, and (II) if it is a Person described in clause
          (B) above, it will furnish to the Depositor and the Trustee a properly
          executed IRS Form W-8ECI, and (III) if it is a Person described in
          clause (C) above, it will furnish to the Depositor and the Trustee a
          properly executed IRS Form W-8BEN (or, if the Purchaser is treated as
          a partnership for federal income tax purposes, a properly executed IRS
          Form W-8IMY with appropriate certification for all partners or members
          attached). The Purchaser also agrees that it will provide a new IRS
          form upon the expiration or obsolescence of any previously delivered
          form, and that it will provide such other certifications,
          representations or Opinions of Counsel as may be requested by the
          Depositor and the Trustee.

7.   The Purchaser agrees that if at some time in the future it wishes to
     transfer or exchange any of the Securities, it will not transfer or
     exchange any of the Securities unless such transfer or exchange is in
     accordance with the terms of the Warrant Agent Agreement, Series Supplement
     and other documents applicable to the Security. The Purchaser understands
     that any purported transfer of the Securities (or any interest therein) in
     contravention of any of the restrictions and conditions in the agreements,
     as applicable, shall be void, and the purported transferee in such transfer
     shall not be recognized by any Person as a holder of such Securities, for
     any purpose.

<PAGE>

     You and the Trustee are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceeding or official inquiry with respect
to the matters covered hereby.

                                            Very truly yours,

                                            By:_________________________________
                                            Name:
                                            Title:

                                            [Medallion Stamp to be affixed here]

<PAGE>

                                   EXHIBIT C-2

                            FORM OF INVESTMENT LETTER

                          QUALIFIED INSTITUTIONAL BUYER

                                                             Dated: ____________

U.S. Bank Trust National Association,
as Trustee
100 Wall Street
New York, New York 10005

Lehman ABS Corporation,
as Depositor
745 Seventh Avenue
New York, New York  10019
Ladies and Gentlemen:

     In connection with its proposed purchase of the Call Warrants (the "Call
Warrants") more particularly described in Schedule A hereto, the undersigned
purchaser (the "Purchaser") confirms that:

1.   The Purchaser understands that substantial risks are involved in an
     investment in the Call Warrants. The Purchaser represents that in making
     its investment decision to acquire the Call Warrants, the Purchaser has not
     relied on representations, warranties, opinions, projections, financial or
     other information or analysis, if any, supplied to it by any person,
     including you, Lehman ABS Corporation, as depositor (the "Depositor"), or
     U.S. Bank Trust National Association, as trustee (the "Trustee"), or any of
     your or their affiliates, except as expressly contained in written
     information, if any. The Purchaser has such knowledge and experience in
     financial and business matters as to be capable of evaluating the merits
     and risks of an investment in the Call Warrants, and the Purchaser is able
     to bear the substantial economic risks of such an investment. The Purchaser
     has relied upon its own tax, legal and financial advisors in connection
     with its decision to purchase the Call Warrants.

2.   The Purchaser (A) is a "Qualified Institutional Buyer" (as defined in Rule
     144A under the Securities Act of 1933, as amended (the "1933 Act")) and (B)
     is acquiring the Call Warrants for its own account or for the account of an
     investor of the type described in clause (A) above as to each of which the
     Purchaser exercises sole investment discretion. The Purchaser is purchasing
     the Call Warrants for investment purposes and not with a view to, or for,
     the offer or sale in connection with, a public distribution or in any other
     manner that would violate the 1933 Act or the securities or blue sky laws
     of any state.

3.   The Purchaser understands that the Call Warrants have not been and will not
     be registered under the 1933 Act or under the securities or blue sky laws
     of any state, and that (i) if it decides to resell, pledge or otherwise
     transfer any Call Warrant, such Call Warrant may be resold, pledged or
     transferred without registration only to an entity that has delivered to
     the

<PAGE>

     Depositor and the Trustee a certification that it is a Qualified
     Institutional Buyer that purchases (1) for its own account or (2) for the
     account of such a Qualified Institutional Buyer, that is, in either case,
     aware that the resale, pledge or transfer is being made in reliance on said
     Rule 144A and (ii) it will, and each subsequent holder will be required to,
     notify any purchaser of any Call Warrant from it of the resale restrictions
     referred to in clause (i) above.

4.   The Purchaser understands that each of the Call Warrants will bear a legend
     substantially to the following effect, unless otherwise agreed by the
     Depositor and the Trustee:

          "THIS CALL WARRANT HAS NOT BEEN REGISTERED UNDER THE
          SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
          TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A
          REGISTRATION UNDER SUCH ACT IS IN EFFECT OR PURSUANT TO AN
          EXEMPTION THEREFROM UNDER SUCH ACT. THE CALL WARRANT
          REPRESENTED HEREBY MAY BE TRANSFERRED ONLY IN COMPLIANCE
          WITH THE CONDITIONS SPECIFIED HEREIN OR IN THE SERIES
          SUPPLEMENT."

5.   The Purchaser understands that no subsequent transfer of the Call Warrants
     is permitted unless (A) such transfer is of a Call Warrant with the
     applicable minimum denomination and (B) the Purchaser causes the proposed
     transferee to provide to the Depositor and the Trustee such documentation
     as may be required pursuant to Section 3.2 of the Warrant Agent Agreement,
     including, if required, a letter substantially in the form hereof, or such
     other written statement as the Depositor shall reasonably prescribe.

6.   The Purchaser is a person or entity (a "Person") who is either

     D.   (1) a citizen or resident of the United States, (2) a corporation,
          partnership or other entity organized in or under the laws of the
          United States or any political subdivision thereof, or (3) an estate
          the income of which is includible in gross income for federal income
          tax purposes regardless of source, or (4) a trust if a court within
          the United States is able to exercise primary supervision of the
          administration of the trust and one or more United States persons have
          the authority to control all substantial decisions of the trust, or

     E.   a Person not described in (A), whose ownership of such Call Warrant is
          effectively connected with such Person's conduct of a trade or
          business within the United States within the meaning of the Internal
          Revenue Code of 1986, as amended (the "Code"), and its ownership of
          any interest in such Call Warrant will not result in any withholding
          obligation with respect to any payments with respect to the Call
          Warrants by any Person (other than withholding, if any, under Section
          1446 of the Code), or

     F.   a Person not described in (A) or (B) above, who is not a Person: (1)
          that owns, directly or indirectly, 10% or more of the total combined
          voting power of all classes

<PAGE>

          of stock in the Underlying Securities Issuer (as defined in the
          Prospectus Supplement) entitled to vote, (2) that is a controlled
          foreign corporation related to the Underlying Securities Issuer within
          the meaning of Section 864(d)(4) of the Code, or (3) that is a bank
          extending credit pursuant to a loan agreement entered into in the
          ordinary course of its trade or business.

          The Purchaser agrees that (I) if it is a Person described in clause
          (A) above, it will furnish to the Depositor and the Trustee a properly
          executed IRS Form W-9, and (II) if it is a Person described in clause
          (B) above, it will furnish to the Depositor and the Trustee a properly
          executed IRS Form W-8ECI, and (III) if it is a Person described in
          clause (C) above, it will furnish to the Depositor and the Trustee a
          properly executed IRS Form W-8BEN (or, if the Purchaser is treated as
          a partnership for federal income tax purposes, a properly executed IRS
          Form W-8IMY with appropriate certification for all partners or members
          attached). The Purchaser also agrees that it will provide a new IRS
          form upon the expiration or obsolescence of any previously delivered
          form, and that it will provide such other certifications,
          representations or Opinions of Counsel as may be requested by the
          Depositor and the Trustee.

7.   The Purchaser agrees that if at some time in the future it wishes to
     transfer or exchange any of the Call Warrants, it will not transfer or
     exchange any of the Call Warrants unless such transfer or exchange is in
     accordance with the terms of the Warrant Agent Agreement, Series Supplement
     and other documents applicable to the Call Warrant. The Purchaser
     understands that any purported transfer of the Call Warrants (or any
     interest therein) in contravention of any of the restrictions and
     conditions in the agreements, as applicable, shall be void, and the
     purported transferee in such transfer shall not be recognized by any Person
     as a holder of such Call Warrants, for any purpose.

<PAGE>

     You and the Trustee are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceeding or official inquiry with respect
to the matters covered hereby.

                                        Very truly yours,
                                            ____________________________________

                                            By:  _______________________________
                                            Name:  _____________________________
                                            Title:  ____________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]