shall be based on either the Bear Steams Margin Basis Rate. the Bear Stearns Securities Fed Funds Rate a the London Interbank Offearg Rate (LIBOR). The Bear Stearns Margin Basis Rate will be quoted dairy by Bear Stearns at our main office in New York. Factors affecting the determination of the Bear Stearns Margin Basis Rate inc

all be based on either the Bear Steams Margin Basis Rate. the Bear Steams Securities Fed Funds Rate or the London Interbank Offering Rate ('LIBOR). The Bear Stearns Margin Basis Rate will be quoted day by Bear Steams at our main office in New York. Factors affecting the determination of the Bear Steams Margin Basis Rate will in