CONTRACT SALE AGREEMENT
DATED AS OF MAY ___, 1999
BY AND BETWEEN
CONSUMER PORTFOLIO SERVICES, INC.
FAIRLANE CREDIT, L.L.C.
CONTRACT SALE AGREEMENT ( the "Sale Agreement"), dated as of May __, 1999 by and between
CONSUMER PORTFOLIO SERVICES, INC. (the "Seller") a California Corporation, its successors and
permitted assigns and FAIRLANE CREDIT LLC (the "Purchaser") a Delaware limited liability company, its
successors and assigns.
W I T N E S S E T H:
WHEREAS, the Seller purchases from Dealers certain retail installment sales contracts secured by new and used
automobiles and light-duty trucks ("Contracts");
WHEREAS, the Seller desires to purchase Contracts in accordance with terms of the Originator's Manual, as
described in Exhibit A, for sale and assignment to the Purchaser;
WHEREAS, the Seller intends to sell and the Purchaser intends to purchase, certain of such Contracts together
with all of its rights thereunder, as described herein;
NOW, THEREFORE, the parties agree as follows:
SECTION 1. DEFINITIONS.
"Adverse Claim" means a claim of ownership or any lien, security interest, title retention, trust or other charge or
encumbrance, either legal or in equity, or other type of preferential arrangement having the effect of a lien or
security interest upon or with respect to the Sold Program Contracts or Purchased Assets other than in favor of
the Purchaser with respect to this Sale Agreement.
"Affiliate" means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or
under direct or indirect common control with such specified Person. For the purposes of this definition, "control"
when used with respect to any specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and
the terms "controlling" and "controlled" have meanings correlative to the foregoing.
"Amount Financed" has the meaning ascribed