Supplement to Series Supplement for Corporate Backed Trust Certificates, Series 2001-11 (Lehman ABS Corporation and U.S. Bank Trust National Association)

Summary

This agreement is a supplement to a previous contract between Lehman ABS Corporation and U.S. Bank Trust National Association, acting as trustee. It documents the sale of an additional $6.9 million in underlying securities to the trust and the issuance of new certificates and call warrants related to Corporate Backed Trust Certificates, Series 2001-11. The supplement updates the terms and schedules for these securities, while confirming that all other terms of the original agreement remain in effect. The agreement is governed by New York law.

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EX-4.1 2 efc1-0548_828938ex41.txt SUPPLEMENT TO SERIES SUPPLEMENT, SERIES 2001-11 --------------------------------- THIS SUPPLEMENT, dated as of May 30, 2001 (this "Supplement"), to the Series Supplement, dated as of March 28, 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"). 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 2001-11. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Parties hereby agree as follows: 1. Pursuant to Section 3(d)of the Series Supplement, the Depositor hereby sells to the Trust an additional $6,900,000 of Underlying Securities and the Trust hereby issues an additional 276,000 Class A-1 Certificates with an initial aggregate Certificate Principal Amount of $6,900,000 and an additional amount of Class A-2 Certificates with an initial notional balance of $6,900,000 (the "Additional Certificates"). The Additional Certificates shall have an original issue date of even date herewith but the Additional Certificates shall accrue interest from March 28, 2001. 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 Supplement, including the Schedules and Exhibits thereto, shall be deemed to be amended mutatis mutandis, and the Call Schedule attached to the Series Supplement is replaced by Schedule I attached hereto. 2. Effect of Supplement. Except as supplemented hereby, the Series Supplement is ratified and confirmed and continues in full force and effect. 3. 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. 4. 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. IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly executed by their respective officers hereunto duly authorized, as of the day and year first above written. LEHMAN ABS CORPORATION By: /s/ Rene Canezin ----------------------------------------- Name: Rene Canezin Title: Senior Vice President U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee on behalf of the Corporate Backed Trust Certificates Series, 2001-11 Trust By: /s/ Marlene Fahey ----------------------------------------- Name: Marlene Fahey Title: Vice President Aon Capital Corporation Retail Bond Upsize Class "A-2" Tranche Call Schedule Date Ending Balance 7/1/2001 $ 734,228 1/1/2002 $ 730,903 7/1/2002 $ 727,412 1/1/2003 $ 723,746 7/1/2003 $ 719,896 1/1/2004 $ 715,855 7/1/2004 $ 711,611 1/1/2005 $ 707,155 7/1/2005 $ 702,476 1/1/2006 $ 697,564 7/1/2006 $ 692,405 1/1/2007 $ 686,989 7/1/2007 $ 681,302 1/1/2008 $ 675,331 7/1/2008 $ 669,061 1/1/2009 $ 662,478 7/1/2009 $ 655,565 1/1/2010 $ 648,307 7/1/2010 $ 640,686 1/1/2011 $ 632,683 7/1/2011 $ 624,281 1/1/2012 $ 615,459 7/1/2012 $ 606,195 1/1/2013 $ 596,468 7/1/2013 $ 586,255 1/1/2014 $ 575,532 7/1/2014 $ 564,272 1/1/2015 $ 552,449 7/1/2015 $ 540,035 1/1/2016 $ 527,000 7/1/2016 $ 513,314 1/1/2017 $ 498,943 7/1/2017 $ 483,853 1/1/2018 $ 468,010 7/1/2018 $ 451,374 1/1/2019 $ 433,906 7/1/2019 $ 415,565 1/1/2020 $ 396,306 7/1/2020 $ 376,085 1/1/2021 $ 354,853 7/1/2021 $ 332,559 1/1/2022 $ 309,151 7/1/2022 $ 284,572 1/1/2023 $ 258,794 7/1/2023 $ 231,666 1/1/2024 $ 203,212 7/1/2024 $ 173,337 1/1/2025 $ 141,967 7/1/2025 $ 109,029 1/1/2026 $ 74,444 7/1/2026 $ 38,130 1/1/2027 --