AMERICAN CAPITAL STRATEGIES LTD
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>j0757_exh10.htm
<TEXT>

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<head>
<TITLE>Prepared by MerrillDirect</TITLE>
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<div>

<p align=center><b><font size=2>AMENDMENT
NO. 6 TO<br>
<u>LOAN FUNDING AND SERVICING AGREEMENT<br>
</u>(VFCC Transaction with ACS Funding Trust I)</font></b></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><font size=2>THIS AMENDMENT NO. 6 TO LOAN FUNDING AND SERVICING AGREEMENT</font></b><font size=2>, dated as of March 29, 2001 (this <i>&#147;
Amendment&#148;</i>),
is entered into by and among ACS FUNDING TRUST I (<i>&#147;Borrower&#148;</i>), as Borrower,
AMERICAN CAPITAL STRATEGIES, LTD. (<i>&#147;Servicer&#148;</i>), as Servicer, certain
INVESTORS, VARIABLE FUNDING CAPITAL CORPORATION (<i>&#147;VFCC&#148;</i>), as a Lender, FIRST
UNION SECURITIES, INC. (successor-in-interest to First Union Capital Markets
Corp.), as Deal Agent, FIRST UNION NATIONAL BANK (<i>&#147;First Union&#148;)</i>, as a Lender
and as Liquidity Agent, Wells Fargo Bank Minnesota, National Association
(successor-in-interest to Norwest Bank Minnesota, National Association, as
Collateral Custodian and the Backup Servicer, and as acknowledged and agreed to
by FIRST UNION NATIONAL BANK (&#147;<i>Hedge Counterparty</i>&#148;), as Hedge
Counterparty.&nbsp; Capitalized terms used
and not otherwise defined herein are used as defined in the Agreement (as
defined below).</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>WHEREAS, the parties hereto entered into
that certain Loan Funding and Servicing Agreement, dated as of March 31, 1999
as amended by that Amendment No. 1, dated as of June 30, 1999, Amendment No. 2,
dated as of September 24, 1999, Amendment No. 3, dated as of December 14, 1999,
Amendment No. 4, dated as of June 16, 2000, and Amendment No. 5, dated as of
December 20, 2000 (as amended, the <i>&#147;Agreement&#148;</i>);</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>WHEREAS, the parties hereto desire to
amend the Agreement in certain respects as provided herein;</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>NOW THEREFORE, in consideration of the
premises and the other mutual covenants contained herein, the parties hereto
agree as follows:</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><font size=2>SECTION 1.</font></b><font size=2>&nbsp;&nbsp; </font><b><u><font size=2>Amendments</font></u></b><b><font size=2>.</font></b></p>

<dir><dir>
<table border=0 cellspacing=0 cellpadding=0>
 <tr>
  <td width=74 valign=top><font size=2>(a)</font></td>
  <td width=1032 valign=top><font size=2>The definition of &#147;<u>Availability</u>&#148; in <u>Section
  1.1</u> of the Agreement is hereby amended and restated in its entirety as
  follows:</font></td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top><font size=2>&#147;<u>Availability</u>:&nbsp; On any day, the excess of (I) the amount
  by which (a) the lesser of (i) the product of (A) the Borrowing Base and (B)
  75% and (ii) the Facility Amount exceeds (b) an amount necessary to cure any
  Overcollateralization Shortfall and any Required Equity Shortfall <u>over</u>
  (II) the Advances Outstanding on such day; <u>provided</u>, <u>however</u>,
  during the Amortization Period, the Availability shall be zero.&#148;.</font></td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=74 valign=top><font size=2>(b)</font></td>
  <td width=1032 valign=top><font size=2>The definition of &#147;<u>Agent&#146;s Account</u>&#148; in <u>Section
  1.1</u> of the Agreement is hereby amended and restated in its entirety as
  follows:</font></td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top><font size=2>&#147;<u>Agent&#146;s Account</u>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A special account (account number
  2000002391825) in the name of the Deal Agent or, so long as VFCC is the sole
  Purchaser hereunder, in the name of VFCC, maintained at First Union National
  Bank.&#148;.</font></td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=74 valign=top><font size=2>(c)</font></td>
  <td width=1032 valign=top><font size=2>The definition of &#147;<u>Commitment Termination
  Date</u>&#148; in <u>Section 1.1</u> of the Agreement is hereby amended and
  restated in its entirety as follows:</font></td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top><font size=2>&#147;<u>Commitment Termination Date</u>:&nbsp;&nbsp;&nbsp;&nbsp; March 30, 2002 or such later date to
  which the Commitment Termination Date may be extended (if extended) in the
  sole discretion of VFCC and each Investor in accordance with the terms of <u>Section
  2.2(b)</u>.&#148;.</font></td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=74 valign=top><font size=2>(d)</font></td>
  <td width=1032 valign=top><font size=2>The definition of &#147;<u>Minimum
  Overcollateralization Percentage</u>&#148; in <u>Section 1.1</u> of the Agreement
  is hereby amended and restated in its entirety as follows:</font></td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=74 valign=top>&nbsp;</td>
  <td width=1032 valign=top><font size=2>&#147;<u>Minimum Overcollateralization Percentage</u>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133 1/3%&#148;.</font></td>
 </tr>
</TABLE>
</dir></dir>

<p><font size=2 face=Times>&nbsp;</font></p>

<p><b><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font size=2>SECTION 2.&nbsp; <u>Agreement
in Full Force and Effect as Amended</u>.</font></b></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>Except as specifically amended hereby,
the Agreement shall remain in full force and effect.&nbsp; All references to the Agreement shall be deemed to mean the
Agreement as modified hereby.&nbsp; This
Amendment shall not constitute a novation of the Agreement, but shall
constitute an amendment thereof.&nbsp; The
parties hereto agree to be bound by the terms and conditions of the Agreement,
as amended by this Agreement, as though such terms and conditions were set
forth herein.</font></p>

<p><b><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font size=2>SECTION 3.&nbsp; <u>Representations</u>.</font></b></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>Each
of the Borrower and Servicer represent and warrant as of the date of this Amendment
as follows:</font></p>

<dir>
<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(i)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>it is duly incorporated or organized, validly
existing and in good standing under the laws of its jurisdiction of
incorporation or organization;</font></p>
</dir>

<dir>
<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(ii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>the execution, delivery and performance by it of
this Amendment are within its powers, have been duly authorized, and do not
contravene (A)&nbsp;its charter, by-laws, or other organizational documents, or
(B)&nbsp;any Applicable Law;</font></p>
</dir>

<dir>
<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(iii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>no consent, license, permit, approval or
authorization of, or registration, filing or declaration with any governmental
authority, is required in connection with the execution, delivery, performance,
validity or enforceability of this Amendment by or against it;</font></p>
</dir>

<dir>
<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(iv)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>this Amendment has been duly executed and
delivered by it;</font></p>
</dir>

<dir>
<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(v)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>this Amendment constitutes its legal, valid and
binding obligation enforceable against it in accordance with its terms, except
as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of
creditors&#146; rights generally or by general principles of equity;</font></p>
</dir>

<dir>
<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(vi)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>it is not in default under the Agreement; and</font></p>

</dir>

<dir>
<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(vii)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>there is no Termination Event, Unmatured
Termination Event, or Servicer Termination Event.</font></p>
</dir>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><font size=2>SECTION 4.</font></b><font size=2>&nbsp;&nbsp; </font><b><u><font size=2>Conditions Precedent</font></u></b><b><font size=2>.</font>
</b></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>The effectiveness of this Amendment is
subject to the due execution of this Amendment&nbsp;
by each of the parties hereto.</font></p>

<p><b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 5.</font></b><font size=2>&nbsp;&nbsp; </font><b><u><font size=2>Miscellaneous</font></u></b><b><font size=2>.</font></b></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(a)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>This Amendment may be executed in any number of
counterparts, and by the different parties hereto on the same or separate counterparts,
each of which shall be deemed to be an original instrument but all of which
together shall constitute one and the same agreement.</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(b)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>The descriptive headings of the various sections
of this Amendment are inserted for convenience of reference only and shall not
be deemed to affect the meaning or construction of any of the provisions
hereof.</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(c)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>This Amendment may not be amended or otherwise
modified except as provided in the Agreement.</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(d)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>First Union certifies by execution hereof that
it is an Investor with Commitments in excess of 66-2/3% of the Facility Amount,
and therefore is a Required Investor pursuant to the Agreement.</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(e)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2 color=black>The failure or unenforceability of
any provision hereof shall not
affect the other provisions of this </font><font size=2>Amendment.</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(f)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2 color=black>Whenever the context and
construction so require, all words used
in the singular number herein shall be deemed to have been used in the plural,
and vice versa, and the masculine gender shall include the feminine and neuter
and the neuter shall include the masculine and feminine.</font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(g)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>This
Amendment <font color=black>represents the final
agreement between the parties and may not be contradicted by evidence of prior,
contemporaneous or subsequent oral agreements between the parties.&nbsp; There are no unwritten oral agreements between
the parties.</font></font></p>

<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size=2>(h)</font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><font size=2>THIS
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT
SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS.</font></b></p>

<p><font size=2 face=Times>&nbsp;</font></p>

<p align=center><font size=2>[Remainder of Page Intentionally Left Blank]</font></p>

<PAGE>


<p><font size=2 face=Times>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><font size=2>IN WITNESS WHEREOF</font></b><font size=2>, the parties have caused this Amendment
to be executed by their respective officers thereunto duly authorized, as of
the date first above written.</font></p>

<table border=0 cellspacing=0 cellpadding=0>
 <tr>
  <td width=465 valign=top><b><font size=2>THE BORROWER:</font></b></td>
  <td width=598 valign=top><b><font size=2>ACS FUNDING TRUST I</font></b></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>By:</font>
<hr size=2 width="95%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Name:</font>
<hr size=2 width="95%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Title:</font>
<hr size=2 width="95%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>ACS Funding Trust I</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>c/o American Capital Strategies, Ltd.</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>3 Bethesda Metro Center, Suite 860</font><font   size=2><br></font><font size=2>Bethesda,
  Maryland&nbsp; 20814</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Attention:&nbsp;
  President</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Facsimile No.:&nbsp; (301) 654-6714</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Confirmation No.:&nbsp; (301) 951-6122</font></td>
 </tr>
 <tr>
  <td width=465 valign=top><font size=2>&nbsp;</font>&nbsp;</td>
  <td width=598 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=465 valign=top><b><font size=2>THE SERVICER:</font></b></td>
  <td width=598 valign=top><b><font size=2>AMERICAN CAPITAL STRATEGIES,
  LTD.</font></b></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>By:</font>
<hr size=2 width="95%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Name:</font>
<hr size=2 width="95%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Title:</font>
<hr size=2 width="95%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>American Capital Strategies, Ltd.</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>3 Bethesda Metro Center, Suite 860</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Bethesda, Maryland&nbsp; 20814</font></td>
 </tr>
 <tr>
  <td width=465 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Attention:&nbsp;
  President</font></td>
 </tr>
 <tr>
  <td width=465 rowspan=2 valign=top>&nbsp;</td>
  <td width=598 valign=top><font size=2>Facsimile No.:&nbsp; (301) 654-6714</font></td>
 </tr>
 <tr>
  <td width=598 valign=top><font size=2>Confirmation No.:&nbsp; (301 951-6122</font></td>
 </tr>
</TABLE>

<p><font size=2 face=Times>&nbsp;</font></p>

<p align=center><font size=2>[SIGNATURES CONTINUED ON FOLLOWING PAGE]</font></p>

<PAGE>


<p><b><font size=2>&nbsp;</font></b></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="31%" valign=top><b><font size=2>THE INVESTORS:</font></b></td>
  <td width="68%" valign=top><b><font size=2>FIRST UNION NATIONAL BANK</font></b></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>By:</font>
<hr size=1 width="55%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Name:</font>
<hr size=1 width="55%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Title:</font>
<hr size=1 width="55%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Commitment:&nbsp; $225,000,000.00</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>First Union National
  Bank</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>One First Union
  Center, Mail Code: NC0610</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>301 South College
  Street</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Charlotte, North
  Carolina 28288</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Attention:&nbsp; Capital Markets Credit Administration</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Facsimile No.:&nbsp; (704) 374-3254</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Confirmation No:&nbsp; (704) 374-4001</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top><font size=2>&nbsp;</font>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top><b><font size=2>LENDER:</font></b></td>
  <td width="68%" valign=top><b><font size=2>VARIABLE FUNDING CAPITAL</font></b></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><b><font size=2>CORPORATION</font></b></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>By First Union Securities, Inc.</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>(successor-in-interest to First Union</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Capital Markets Corp.), as attorney-in-fact</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>By:</font>
<hr size=1 width="55%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Name:</font>
<hr size=1 width="55%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Title:</font>
<hr size=1 width="55%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Variable Funding Capital Corporation</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>c/o First Union Securities, Inc.</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>One First Union Center, Mail Code: NC0610</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>301 South College Street</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Charlotte, North Carolina 28288</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Attention:&nbsp;
  Conduit Administration</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Facsimile No.:&nbsp; (704) 383-6036</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Confirmation No.:&nbsp; (704) 383-9343</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With a copy to:</font></td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Lord Securities
  Corp.</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>2 Wall Street, 19th
  Floor</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Attention:&nbsp; Vice President</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Facsimile No.:&nbsp; (212) 346-9012</font></td>
 </tr>
 <tr>
  <td width="31%" valign=top>&nbsp;</td>
  <td width="68%" valign=top><font size=2>Confirmation No.:&nbsp; (212) 346-9008</font></td>
 </tr>
</TABLE>

<p><font size=2 face=Times>&nbsp;</font></p>

<p align=center><font size=2>[SIGNATURES CONTINUED ON FOLLOWING PAGE]</font></p>

<PAGE>


<p><font size=2 face=Times>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="34%" valign=top><b><font size=2>THE BACKUP SERVICER:</font></b></td>
  <td width="65%" valign=top><b><font size=2>WELLS FARGO BANK MINNESOTA,</font></b></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><b><font size=2>NATIONAL ASSOCIATION </font></b><font size=2>(successor-in-</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>interest to Norwest Bank Minnesota)</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>By:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Name:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Title:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Wells Fargo Bank Minnesota, National
  Association</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Sixth Street and Marquette Avenue</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Minneapolis, MN&nbsp; 55479-0070</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Attention:&nbsp;
  Corporate Trust Services<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Asset-Backed Administration</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Facsimile No.:&nbsp; (612) 667-3464</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Confirmation No.:&nbsp; (612) 667-8058</font></td>
 </tr>
</TABLE>

<p><font size=2 face=Times>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="34%" valign=top><b><font size=2>THE COLLATERAL CUSTODIAN:</font></b></td>
  <td width="65%" valign=top><b><font size=2>WELLS FARGO BANK MINNESOTA,</font></b></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><b><font size=2>NATIONAL ASSOCIATION </font></b><font size=2>(successor-in-</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>interest to Norwest Bank Minnesota)</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>By:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Name: </font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Title:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Wells Fargo Bank Minnesota, National
  Association</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Sixth Street and Marquette Avenue</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Minneapolis, MN&nbsp; 55479-0070</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" rowspan=2 valign=top><font size=2>Attention:&nbsp;
  Corporate Trust Services<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed
  Administration</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Facsimile No.:&nbsp; (612) 667-3464</font></td>
 </tr>
 <tr>
  <td width="34%" valign=top>&nbsp;</td>
  <td width="65%" valign=top><font size=2>Confirmation No.:&nbsp; (612) 667-8058</font></td>
 </tr>
</TABLE>

<p><font size=2 face=Times>&nbsp;</font></p>

<p><font size=2 face=Times>&nbsp;</font></p>

<p align=center><font size=2>[SIGNATURES CONTINUED ON THE FOLLOWING PAGE]</font></p>

<PAGE>


<p><b><font size=2>&nbsp;</font></b></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="33%" valign=top><b><font size=2>THE DEAL AGENT:</font></b></td>
  <td width="66%" valign=top><b><font size=2>FIRST UNION SECURITIES, INC.</font></b></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>(successor-in-interest
  to First Union</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Capital Markets
  Corp.)</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>By:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Name:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Title:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>First Union
  Securities, Inc.</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>One First Union
  Center, Mail Code: NC0610</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>301 South College
  Street</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Charlotte, North
  Carolina 28288</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Attention:&nbsp; Conduit Administration</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Facsimile No.:&nbsp; (704) 383-6036</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Telephone No.:&nbsp; (704) 383-9343</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="100%" colspan=2 valign=top><b><font size=2>LENDER AND LIQUIDITY
  AGENT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><font   size=2>&nbsp;</font><b><font size=2>FIRST
  UNION NATIONAL BANK</font></b></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>By:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Name:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Title:</font>
<hr size=1 width="79%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>First Union National
  Bank</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>One First Union
  Center, Mail Code: NC0610</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>301 South College
  Street</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Charlotte, North
  Carolina 28288</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Attention:&nbsp; Capital Markets Credit Administration</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Facsimile No.:&nbsp; (704) 374-3254</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Telephone No.:&nbsp; (704) 374-4001</font></td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="66%" valign=top><font size=2>Lender Commitment: $10,000,000</font></td>
 </tr>
</TABLE>

<p><font size=2 face=Times>&nbsp;</font></p>

<PAGE>


<p><br>
<font size=2>Acknowledged and Agreed to<br>
this 29th day of March, 2001.</font></p>

<p><b><font size=2>FIRST UNION NATIONAL
BANK,<br>
</font></b><font size=2>as the Hedge
Counterparty</font></p>

<p><font size=2 face=Times>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="100%" valign=top><font size=2>By:</font>
<hr size=1 width="29%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="100%" valign=top><font size=2>Name:</font>
<hr size=1 width="29%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="100%" valign=top><font size=2>Title:</font>
<hr size=1 width="29%" noshade color=black align=left></td>
 </tr>
</TABLE>

<p><font size=2>First Union
National Bank<br>
One First Union Center, Mail Code: NC0610<br>
Charlotte, North Carolina&nbsp; 28288<br>
Attention:&nbsp; Capital Markets Credit
Administration<br>
Facsimile:&nbsp; (704) 374-3254<br>
Telephone:&nbsp; (704) 374-4001</font></p>

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