W I T N E S E T H:Subsequent Transfer Agreement • July 12th, 2002 • Franklin Receivables LLC • Retail-auto dealers & gasoline stations • New York
Exhibit 10.1 SUBSEQUENT PURCHASE AGREEMENT This SUBSEQUENT PURCHASE AGREEMENT (this "Agreement") is dated as of July 8, 2002, and by and between FRANKLIN CAPITAL CORPORATION, a Utah corporation (the "Seller"), and FRANKLIN RECEIVABLES LLC, a Delaware...Subsequent Purchase Agreement • July 12th, 2002 • Franklin Receivables LLC • Retail-auto dealers & gasoline stations • New York
ASSIGNMENTPurchase Agreement • July 12th, 2002 • Franklin Receivables LLC • Retail-auto dealers & gasoline stations • New York
For value received, in accordance with the Purchase Agreement, dated as of June 1, 2002 (the "Purchase Agreement"), between the undersigned and Franklin Receivables LLC (the "Purchaser") and the Subsequent Purchase Agreement, dated as of July 8, 2002, between the undersigned and the Purchaser (the "Subsequent Purchase Agreement"), the undersigned does hereby sell, assign, transfer and otherwise convey unto the Purchaser, without recourse, all right, title and interest of the undersigned in and to (i) the Subsequent Receivables, and all monies representing interest and principal payments received thereon on and after the Subsequent Cutoff Date; (ii) the security interest of the Seller in the Financed Vehicles granted by the Obligors pursuant to the Subsequent Receivables and any other interest of the Seller in such Financed Vehicles; (iii) the interest of the Seller in any proceeds with respect to the Subsequent Receivables from claims on any physical damage, credit life or disability i
