Exhibit 10.4





NOTE PURCHASE AGREEMENT

Dated as of June 26, 2009

among

ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES TRUST 2009-A,

Issuer,

ALLIANCE LAUNDRY SYSTEMS LLC,

as the Servicer,

ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2009 LLC,

as the Transferor,

THE NOTE PURCHASERS PARTY
HERETO,

NATIXIS FINANCIAL PRODUCTS INC.,

as Administrative Agent and an Agent

and

THE OTHER AGENTS PARTY HERETO





Relating to

Alliance Laundry Equipment Receivables Trust 2009-A

Equipment Loan Notes

Receivables Notes











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TABLE OF CONTENTS



|          |  |                                                                   |  |     
|--------- |  | ----------------------------------------------------------------- |  | ----
|          |  |                                                                   |  | Page
|ARTICLE 1 |  | DEFINITIONS                                                       |  | 2   
|          |  |                                                                  
|1.1       |  | Definitions                                                       |  | 2   
|          |  |                                                                  
|1.2       |  | Other Definitional Provisions                                     |  | 11  
|          |  |                                                                  
|ARTICLE 2 |  | AMOUNT AND TERMS OF COMMITMENTS                                   |  | 11  
|          |  |                                                                  
|2.1       |  | Purchases                                                         |  | 11  
|          |  |                                                                  
|2.2       |  | Interest, Fees, Expenses, Payments, Etc                           |  | 14  
|          |  |                                                                  
|2.3       |  | Requirements of Law                                               |  | 16  
|          |  |                                                                  
|2.4       |  | Taxes.                                                            |  | 17  
|          |  |                                                                  
|2.5       |  | Indemnification                                                   |  | 21  
|          |  |                                                                  
|2.6       |  | Expenses, etc                                                     |  | 24  
|          |  |                                                                  
|2.7       |  | Deliveries by Note Purchasers                                     |  | 25  
|          |  |                                                                  
|2.8       |  | Non-Renewing Committed Purchasers                                 |  | 25  
|          |  |                                                                  
|ARTICLE 3 |  | CONDITIONS PRECEDENT                                              |  | 27  
|          |  |                                                                  
|3.1       |  | Conditions to Initial Purchase                                    |  | 27  
|          |  |                                                                  
|3.2       |  | Condition to Additional Purchases                                 |  | 29  
|          |  |                                                                  
|ARTICLE 4 |  | REPRESENTATIONS AND WARRANTIES                                    |  | 31  
|          |  |                                                                  
|4.1       |  | Representations and Warranties of the Issuer                      |  | 31  
|          |  |                                                                  
|4.2       |  | Representations and Warranties of the Transferor and the Servicer |  | 32  
|          |  |                                                                  
|4.3       |  | Representations and Warranties of the Note Purchasers             |  | 32  
|          |  |                                                                  
|ARTICLE 5 |  | COVENANTS                                                         |  | 32  
|          |  |                                                                  
|5.1       |  | Covenants                                                         |  | 32  
|          |  |                                                                  
|ARTICLE 6 |  | THE NOTE AGENTS                                                   |  | 34  
|          |  |                                                                  
|6.1       |  | Authorization and Action of the Note Agents                       |  | 34  
|          |  |                                                                  
|6.2       |  | Note Agents Reliance, Etc                                        |  | 35  
|          |  |                                                                  
|6.3       |  | Credit Decision                                                   |  | 36  
|          |  |                                                                  
|6.4       |  | Indemnification of each Note Agent                                |  | 37  
|          |  |                                                                  
|6.5       |  | Agents in their Individual Capacity                               |  | 37  
|          |  |                                                                  
|6.6       |  | Successor Administrative Agent; Successor Agent                   |  | 38  
|          |  |                                                                  
|6.7       |  | Payments by an Agent                                              |  | 38  
|          |  |                                                                  
|ARTICLE 7 |  | SECURITIES LAWS; TRANSFERS                                        |  | 39  
|          |  |                                                                  
|7.1       |  | Transfers of Notes                                                |  | 39  



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TABLE OF CONTENTS

(continued)



|             |  |                                                                                                             |  |     
|------------ |  | ----------------------------------------------------------------------------------------------------------- |  | ----
|             |  |                                                                                                             |  | Page
|7.2          |  | Tax Characterization                                                                                        |  | 44  
|             |  |                                                                                                            
|ARTICLE 8    |  | MISCELLANEOUS                                                                                               |  | 44  
|             |  |                                                                                                            
|8.1          |  | Amendments and Waivers                                                                                      |  | 44  
|             |  |                                                                                                            
|8.2          |  | Notices                                                                                                     |  | 45  
|             |  |                                                                                                            
|8.3          |  | No Waiver; Cumulative Remedies                                                                              |  | 48  
|             |  |                                                                                                            
|8.4          |  | Successors and Assigns                                                                                      |  | 48  
|             |  |                                                                                                            
|8.5          |  | Successors to Servicer                                                                                      |  | 48  
|             |  |                                                                                                            
|8.6          |  | Counterparts                                                                                                |  | 49  
|             |  |                                                                                                            
|8.7          |  | Severability                                                                                                |  | 49  
|             |  |                                                                                                            
|8.8          |  | Integration                                                                                                 |  | 49  
|             |  |                                                                                                            
|8.9          |  | Governing                                                                                                   |  | 49  
|             |  |                                                                                                            
|8.10         |  | Jurisdiction; Consent to Service of Process                                                                 |  | 49  
|             |  |                                                                                                            
|8.11         |  | Termination                                                                                                 |  | 49  
|             |  |                                                                                                            
|8.12         |  | Limited Recourse; No Proceedings                                                                            |  | 50  
|             |  |                                                                                                            
|8.13         |  | Survival of Representations and Warranties                                                                  |  | 50  
|             |  |                                                                                                            
|8.14         |  | Effect of Regulatory Change                                                                                 |  | 50  
|             |  |                                                                                                            
|8.15         |  | Waiver of Jury Trial                                                                                        |  | 51  
|             |  |                                                                                                            
|8.16         |  | Excess Funds                                                                                                |  | 51  
|             |  |                                                                                                            
|Exhibit A    |  | Form of Transfer Supplement                                                                                 |  |     
|Schedule I   |  | Completion of Information and Signatures for Transfer Supplement                                            |  |     
|Schedule II  |  | List of Investing Offices, Addresses for Notices, Assigned Interests and Purchase and Liquidity Percentages |  |     
|Schedule III |  | Form of Transfer Effective Notice                                                                           |  |     
|             |  |                                                                                                            
|Exhibit B    |  | Form of Equipment Loan Advance Increase Notice                                                              |  |     
|             |  |                                                                                                            
|Schedule IV  |  | Cap Notional Schedule                                                                                       |  |     



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NOTE PURCHASE AGREEMENT, dated as of June 26, 2009, by and among ALLIANCE LAUNDRY EQUIPMENT
RECEIVABLES TRUST 2009-A, a Delaware statutory trust (together with its successors and assigns, the Issuer), ALLIANCE LAUNDRY SYSTEMS LLC, a Delaware limited liability company (ALS), individually and as the
Servicer, ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2009 LLC, a Delaware limited liability company (Alliance Equipment Receivables), as the Transferor (the Transferor), the NOTE PURCHASERS (as hereinafter defined)
from time to time party hereto, the AGENTS for the Purchaser Groups from time to time party hereto (each such party, together with their respective successors in such capacity, an Agent), and NATIXIS FINANCIAL PRODUCTS INC.
(NATIXIS), as administrative agent for the Note Purchasers (the Administrative Agent).

W I T N E S S
E T H:

WHEREAS, the Issuer, the Servicer and the Transferor are parties to that certain Pooling and Servicing Agreement, dated as of
June 26, 2009 (as the same may from time to time be amended or otherwise modified, the Pooling and Servicing Agreement), pursuant to which, among other things, the Transferor has assigned, transferred and conveyed, and has
agreed to assign, transfer and convey, its right, title and interest in, to and under certain Equipment Loans and Receivables (as defined therein) to the Issuer, and the Servicer has agreed to service such Equipment Loans and Receivables;

WHEREAS, the Issuer and The Bank of New York Mellon, as trustee (together with its successors in such capacity, the Indenture
Trustee), are parties to that certain Indenture, dated as of June 26, 2009 (as the same may from time to time be amended or otherwise modified, the Indenture);

WHEREAS, the Issuer proposes to issue its Equipment Loan Notes (the Equipment Loan Notes) pursuant to the Indenture;

WHEREAS, the Issuer also proposes to issue its Receivables Notes (the Receivables Notes) pursuant to the Indenture;

WHEREAS, the Equipment Loan Note Purchasers are willing to purchase the Equipment Loan Notes in the amount of the Equipment Loan Initial Advance on the
Closing Date and from time to time thereafter to purchase Equipment Loan Advance Increases on the terms and conditions provided for herein;

WHEREAS, the Receivables Note Purchasers are willing to purchase the Receivables Notes in the amount of the Receivables Initial Advance on the Closing Date and from time to time thereafter to purchase Receivables Advance Increases on the
terms and conditions provided for herein;



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NOW THEREFORE, in consideration of the mutual covenants herein contained, and other good and valuable
consideration, the receipt and adequacy of which are hereby expressly acknowledged, the parties hereto agree as follows:

ARTICLE 1
DEFINITIONS

1.1 Definitions. All capitalized terms used herein as defined terms and not defined herein shall have the meanings
given to them in Part I of Appendix A to the Pooling and Servicing Agreement, as in effect on the date of this Agreement and as they may be amended or otherwise modified from time to time with the consent of the Required Equipment Loan
Note Owners, the Required Equipment Loan Note Purchasers, the Required Receivables Note Owners, the Required Receivables Note Purchasers and the Administrative Agent.

Accounting Based Consolidation Event means the consolidation, for financial and/or regulatory accounting purposes, of all or any portion of the assets and liabilities of a CP Conduit that are
subject to this Agreement or any other Basic Document with all or any portion of the assets and liabilities of an Affected Party. An Accounting Based Consolidation Event shall be deemed to occur on the date any Affected Party shall acknowledge in
writing that any such consolidation of the assets and liabilities of a CP Conduit shall occur.

Additional Amounts shall
mean on any date of determination, any amounts then due and payable by the Issuer (determined without regard to limitations on the sources of payment thereof) pursuant to this Agreement, other than Equipment Loan Monthly Interest, the Equipment Loan
Note Principal Balance, Receivables Monthly Interest and the Receivables Note Principal Balance.

Adjusted Commitment
shall mean on any date of determination, (i) with respect to a CPC Committed Purchaser, such CPC Committed Purchasers Commitment minus the aggregate outstanding principal amount of its Support Advances to its related CP Conduit or
(ii) with respect to a Committed Purchaser that is not a CPC Committed Purchaser, such Committed Purchasers Commitment.

Administrative Agent has the meaning specified in the preamble to this Agreement.

Advance Increase
Notice shall mean a notice delivered by the Issuer to each Agent and the Indenture Trustee pursuant to Section 2.1(c) requesting an Equipment Loan Advance Increase or a Receivables Advance Increase with the most recently
delivered Borrowing Base Certificate attached thereto.

Affected Party shall mean, with respect to any CP Conduit, any
Support Party of such CP Conduit.

Affiliate Conduit Assignee means a commercial paper conduit which is administered by
the same Agent or supported by the same Support Party as the CP Conduit that from time to time designates such commercial paper conduit to accept an assignment from such CP Conduit of all or a portion of its Percentage Interest.

Agent has the meaning specified in the preamble to this Agreement.

Agreement shall mean this Note Purchase Agreement, as amended, supplemented or otherwise modified from time to time.



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Alliance Equipment Receivables has the meaning specified in the preamble to this
Agreement.

ALS has the meaning specified in the preamble to this Agreement.

Applicable Margin Fee Letter has the meaning specified in the Pooling and Servicing Agreement.

Assignee and Assignment have the respective meanings specified in Section 7.1(e).

BMO shall mean BMO Capital Markets Corp.

Cap Strike Rate shall mean 6.27%.

Closing Date shall mean
June 26, 2009.

Code shall mean the Internal Revenue Code of 1986, as amended.

Commitment shall mean, for any Committed Purchaser, the maximum amount of such Note Purchasers commitment to purchase a portion
of the Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, as set forth on the signature pages hereto or the Transfer Supplement by which such Committed Purchaser became a party to this Agreement or assumed
the Commitment (or a portion thereof) of another Note Purchaser pursuant to Transfer Supplement(s) executed by such Purchaser and its Assignee(s) and delivered pursuant to Section 7.1. In the event that a Note Purchaser is a CPC
Committed Purchaser which maintains a portion of its Commitment hereunder in relation to more than one CP Conduit, such Note Purchaser shall be deemed to hold separate Commitments hereunder in each such capacity, and in the event that a Note
Purchaser is both an Equipment Loan Note Purchaser and a Receivables Note Purchaser, such Note Purchaser shall be deemed to hold separate Commitments hereunder in each such capacity.

Committed Purchaser shall mean each Note Purchaser identified as a Committed Purchaser on the signature pages hereto or in the
Transfer Supplement pursuant to which such Note Purchaser, and any Assignee of such Note Purchaser to the extent such Assignee has assumed, pursuant to a Transfer Supplement, the Commitment of such Note Purchaser.

Conduit Assignee means any commercial paper conduit designated by a CP Conduit from time to time to accept an assignment from such CP
Conduit of all or a portion of its Percentage Interest.

Consented Transferee Letter shall mean the letter, dated as of
the date of this Agreement and referring to this Agreement (or any replacement therefor from time to time in effect), from the Transferor, and to and accepted by, the Administrative Agent, as such letter may be amended or otherwise modified from
time to time by the Transferor with the consent of the Administrative Agent.



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CP Conduit shall mean any Note Purchaser which is designated as a CP Conduit on the
signature pages hereto or in the Transfer Supplement pursuant to which it became a party to this Agreement.

CPC Committed
Purchaser shall mean, with respect to a CP Conduit, each Note Purchaser identified as a Committed Purchaser for such CP Conduit on the signature pages hereto or in the Transfer Supplement pursuant to which such CP Conduit became a party
hereto, and any Assignee of such Note Purchaser to the extent such Assignee has assumed, pursuant to a Transfer Supplement, the Commitment of such Note Purchaser.

Downgrade Event shall mean, (i) a notice delivered to the Agents or the Note Purchasers by Standard & Poors that the Notes have been or will be placed on a watch list or have or
will become subject to a ratings downgrade, or (ii) with respect to any applicable CP Conduit, a notice delivered to the Agents or the Note Purchasers by Standard & Poors or Moodys that any such CP Conduits rating has
or will be placed on a watch list or has or will become subject to a ratings downgrade solely as a result of such CP Conduits ownership of the Notes.

Downgraded Purchaser has the meaning specified in Section 7.1(j).

Equipment Loan Advance Increase shall mean the amount of each Advance made on the Equipment Loan Notes on each Equipment Loan Borrowing Date.

Equipment Loan Borrowing Date shall mean each date on which an Equipment Loan Advance Increase occurs.

Equipment Loan Facility Limit shall mean, for any day, $330,000,000, minus the Receivables Note Principal Balance on such day.

Equipment Loan Initial Advance shall mean the amount of the Advance made on the Equipment Loan Notes on the Closing Date.

Equipment Loan Monthly Interest shall mean, for any Distribution Date, the Equipment Loan Monthly Interest and Fees for the
Interest Period ended on the day preceding such Distribution Date.

Equipment Loan Monthly Interest and Fees shall mean,
for any Interest Period, the sum of (i) interest on the Equipment Loan Note Principal Balance for the Interest Period ended on such Distribution Date computed pursuant to Section 2.2(a) and Section 2.2(e),
plus (ii) the Equipment Loan Unused Facility Fee with respect to such Interest Period.

Equipment Loan Note
Owners shall mean the Equipment Loan Note Purchasers that are owners of record of the Equipment Loan Notes or, with respect to any Equipment Loan Note held by an Agent hereunder as nominee on behalf of Equipment Loan Note Purchasers in an
Equipment Loan Purchaser Group, the Equipment Loan Note Purchasers that are beneficial owners of such Equipment Loan Note as reflected on the books of such Agent in accordance with this Agreement and the Related Documents.



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Equipment Loan Note Principal Balance shall mean the outstanding principal balance of
all Advances made on the Equipment Loan Notes.

Equipment Loan Note Purchasers shall mean, collectively, the CP Conduits
and the Committed Purchasers that are members of an Equipment Loan Purchaser Group.

Equipment Loan Notes has the
meaning specified in the recitals to this Agreement.

Equipment Loan Percentage Interest shall mean, for an Equipment
Loan Note Purchaser on any day, the percentage equivalent of (a) the sum of (i) the portion of the Equipment Loan Initial Principal Balance (if any) purchased by such Equipment Loan Note Purchaser, plus (ii) the
aggregate portion of Equipment Loan Advance Increases (if any) purchased by such Equipment Loan Note Purchaser prior to such day pursuant to this Agreement, plus (iii) any portion of the Equipment Loan Note Principal Balance acquired by
such Equipment Loan Note Purchaser as an Assignee from another Equipment Loan Note Purchaser pursuant to a Transfer Supplement executed and delivered pursuant to Section 7.1, minus (iv) the aggregate amount of principal
payments made with respect to the Equipment Loan Notes to such Equipment Loan Note Purchaser prior to such day, minus (v) any portion of the Equipment Loan Note Principal Balance assigned by such Equipment Loan Note Purchaser to an
Assignee pursuant to a Transfer Supplement executed and delivered pursuant to Section 7.1, divided by (b) the aggregate Equipment Loan Note Principal Balance on such day.

Equipment Loan Purchaser Group shall mean each group of Equipment Loan Note Purchasers consisting of at least one Committed Purchaser
and an Agent. Purchaser Groups may also contain a CP Conduit. The initial Equipment Loan Note Purchaser Groups shall be (i) Versailles Assets LLC, as a CP Conduit and as a Committed Purchaser, and Natixis, as Agent, (ii) Fairway Finance
Company, LLC, as a CP Conduit and as a Committed Purchaser, and BMO, as Agent and (iii) Liberty Street Funding LLC, as a CP Conduit, and Scotia, as a Committed Purchaser and Agent.

Equipment Loan Unused Facility Fee shall have the meaning, with respect to each Equipment Loan Purchaser Group, specified in the
Applicable Margin Fee Letter.

Excess Funds has the meaning specified in Section 8.15.

Excluded Taxes has the meaning specified in Section 2.4(a).

Governmental Authority shall mean any nation or government, any state or other political subdivision thereof, any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any accounting board or authority (whether or not a part of government) which is responsible for the establishment or interpretation of
national or international accounting principles.

Indemnitee has the meaning specified in Section 2.5(a).

Indenture has the meaning specified in the recitals to this Agreement.



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Indenture Trustee has the meaning specified in the recitals to this Agreement.

Interest Period shall mean the period commencing on each Determination Date and ending on the day prior to the
subsequent Determination Date; provided that the initial Interest Period will be the period commencing on the Closing Date and ending on the day prior to the first Determination Date and the final Interest Period will end on the date when all
Outstanding Obligations are paid in full.

Investing Office shall mean initially, the office of any Note Purchaser (if
any) designated as such on the signature pages hereto or in the Transfer Supplement by which it became a party to this Agreement, and thereafter, such other office of such Note Purchaser or such Assignee as may be designated in writing to the
applicable Agent, the Administrative Agent, the Issuer, the Transferor, the Servicer and the Indenture Trustee by such Note Purchaser or Assignee.

Investment Letter shall mean the letter delivered by each Note Purchaser that is substantially in the form attached as Exhibit D to the Indenture.

Issuer has the meaning specified in the recitals to this Agreement.

Liquidity Percentage shall mean, for a CPC Committed Purchaser, such CPC Committed Purchasers Adjusted Commitment with respect
to its related CP Conduit as a percentage of the aggregate Adjusted Commitments of all CPC Committed Purchasers for such CP Conduit.

Maximum Purchase Amount shall mean (i) for any CP Conduit which is not a Committed Purchaser, the aggregate Commitments of the CPC Committed Purchasers in its Purchaser Group and (ii) for any Committed
Purchaser, its Commitment.

Moodys shall mean Moodys Investors Service, Inc., or any successor that is a
nationally recognized statistical rating organization.

Natixis has the meaning specified in the preamble to this
Agreement.

Note Agent has the meaning specified in Section 6.1(a).

Note Owner shall mean an Equipment Loan Note Owner or a Receivables Note Owner, as applicable.

Note Purchaser shall mean an Equipment Loan Note Purchaser or a Receivables Note Purchaser, as applicable.

Participant has the meaning specified in Section 7.1(d).

Participation has the meaning specified in Section 7.1(d).

Percentage Interest shall mean the Equipment Loan Percentage Interest or the Receivables Percentage Interest, as applicable. In the
event that a Note Purchaser is both an Equipment Loan Note Purchaser and a Receivables Note Purchaser, such Note Purchaser shall be deemed to hold separate Percentage Interests hereunder in each such capacity.



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Permitted Transferee shall mean (i) prior to the Conversion Date, each initial
Equipment Loan Note Purchaser or Receivables Note Purchaser, as applicable, each initial Agent (in its individual capacity), the Administrative Agent (in its individual capacity), each Conduit Assignee that is an Affiliate Conduit Assignee if a
Downgrade Event has occurred, each Conduit Assignee which has been consented to as a potential Transferee by the Transferor (which consent shall not be unreasonably withheld), each Person listed in the Consented Transferee Letter as in effect on the
date of the related Transfer, at such time and each other Person who has been consented to as a potential Transferee by the Transferor (which consent shall not be unreasonably withheld) or (ii) after the Receivables Conversion Date or Loan
Conversion Date, as applicable, or otherwise if the Transferee is a Transferee of an Equipment Loan Note, a Receivables Note or the rights thereunder and not of any Commitment, any Transferee.

Person shall mean an individual, partnership, corporation, business trust, statutory trust, joint stock company, trust, unincorporated
association, joint venture, Governmental Authority or other entity of whatever nature.

Pooling and Servicing Agreement
shall have the meaning specified in the recitals to this Agreement.

Primary Purchaser shall mean with respect to each
Purchaser Group, each CP Conduit, and to the extent that a Purchaser Group does not contain a CP Conduit, each Note Purchaser in such Purchaser Group.

Purchaser Group shall mean each Equipment Loan Purchaser Group and each Receivables Purchaser Group, as applicable.

Purchaser Percentage shall mean, with respect to a Primary Purchaser, its Maximum Purchase Amount as a percentage of the Equipment Loan Facility Limit or Receivables Loan Facility Limit, as
applicable.

Qualified Special Purpose Entity: As defined in accordance with GAAP as such term is defined on the date of the Credit
Agreement.

Receivables Advance Increase shall mean the amount of each Advance made to the Receivables Notes on each
Receivables Borrowing Date.

Receivables Borrowing Date shall mean each date on which a Receivables Advance Increase
occurs.

Receivables Facility Limit shall mean, for any day, $60,000,000, minus the excess, if any, of
(x) the Equipment Loan Note Principal Balance on such day over (y) $270,000,000.

Receivables Initial Advance
shall mean the amount of the Advance made on the Receivables Notes on the Closing Date.



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Receivables Monthly Interest shall mean, for any Distribution Date, the Receivables
Monthly Interest and Fees for the Interest Period ended on the day preceding such Distribution Date.

Receivables Monthly Interest
and Fees shall mean, for any Interest Period, the sum of (i) interest on the Receivables Note Principal Balance for the Interest Period ended on such Distribution Date computed pursuant to Section 2.2(a) and
Section 2.2(e), plus (ii) the Receivables Unused Facility Fee with respect to such Interest Period.

Receivables Note Owners shall mean the Receivables Note Purchasers that are owners of record of the Receivables Notes or, with respect to any Receivables Note held by an Agent hereunder as nominee on behalf of Receivables
Note Purchasers in a Receivables Purchaser Group, the Receivables Note Purchasers that are beneficial owners of such Receivables Note as reflected on the books of such Agent in accordance with this Agreement and the Related Documents.

Receivables Note Principal Balance shall mean the outstanding principal balance of all Advances on such Receivables Notes.

Receivables Note Purchasers shall mean, collectively, the CP Conduits and the Committed Purchasers that are members of a
Receivables Purchase Group.

Receivables Notes has the meaning specified in the recitals to this Agreement.

Receivables Percentage Interest shall mean, for a Receivables Note Purchaser on any day, the percentage equivalent of (a) the
sum of (i) the portion of the Receivables Initial Advance (if any) purchased by such Receivables Note Purchaser, plus (ii) the aggregate portion of Receivables Advance Increases (if any) purchased by such Receivables Note
Purchaser prior to such day pursuant to this Agreement, plus (iii) any portion of the Receivables Note Principal Balance acquired by such Receivables Note Purchaser as an Assignee from another Receivables Note Purchaser pursuant to a
Transfer Supplement executed and delivered pursuant to Section 7.1, minus (iv) the aggregate amount of principal payments made with respect to the Receivables Notes to such Receivables Note Purchaser prior to such day,
minus (v) any portion of the Receivables Note Principal Balance assigned by such Receivables Note Purchaser to an Assignee pursuant to a Transfer Supplement executed and delivered pursuant to Section 7.1, divided by
(b) the aggregate Receivables Note Principal Balance on such day.

Receivables Purchaser Group shall mean each
group of Receivables Note Purchasers consisting of at least one Committed Purchaser and an Agent. Purchaser Groups may also contain a CP Conduit. The initial Receivables Note Purchaser Groups shall be (i) Versailles Assets LLC, as a CP Conduit
and as a Committed Purchaser, and Natixis, as Agent, (ii) Fairway Finance Company, LLC, as a CP Conduit and as a Committed Purchaser, and BMO, as Agent and (iii) Liberty Street Funding LLC, as a CP Conduit, and Scotia, as a Committed
Purchaser and Agent.

Receivables Unused Facility Fee shall have the meaning, with respect to each Receivables Purchaser
Group, specified in the Applicable Margin Fee Letter.



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Regulatory Change shall mean, as to each Note Purchaser, Participant or Affected
Party, any change, or any generally accepted change in the interpretation or application, occurring after the date of the execution and delivery of this Agreement or, if later, the date of the execution and delivery of the Transfer Supplement by
which it became party to this Agreement; in the case of a Participant, any change occurring after the date on which its Participation became effective; or in the case of an Affected Party, any change occurring after the date it became such an
Affected Party, in any (or the adoption after such date of any new):

(i) United States federal or state law or foreign law applicable to
such Note Purchaser, Participant or Affected Party; or

(ii) regulation, interpretation, directive, guideline or request (whether or not
having the force of law) applicable to such Note Purchaser, Participant or Affected Party of any court or other judicial authority or any Governmental Authority charged with the interpretation or administration of any law referred to in clause
(i) or of any fiscal, monetary, banking or other Governmental Authority or central bank having jurisdiction over such Note Purchaser, Participant or Affected Party or charged with the administration, interpretation or application of any
such regulation, interpretation, directive, guideline or request. For avoidance of doubt, any interpretation of Accounting Research Bulletin No. 51 (or any revision or amendment to any existing interpretation thereof) by the Financial
Accounting Standards Board or any Accounting Based Consolidation Event shall constitute a Regulatory Change herein.

Related
Documents shall mean, collectively, this Agreement (including all effective Fee Letters and Transfer Supplements), the Transfer and Servicing Agreements, the Indenture, the Trust Agreement, the Administration Agreement, the Notes, the
Custodial Agreement, and all agreements and instruments related thereto.

Replacement Purchaser has the meaning
specified in Section 7.1(j).

Required Equipment Loan Note Owners as to any Purchaser Group, shall mean, at
any time, Equipment Loan Note Owners having more than two-thirds of the aggregate Percentage Interests of all Equipment Loan Note Owners in such Purchaser Group.

Required Equipment Loan Note Purchasers as to any Purchaser Group, shall mean, at any time, Committed Purchasers having Commitments aggregating more than two-thirds of all of the Commitments in such
Purchaser Group.

Required Receivables Note Owners as to any Purchaser Group, shall mean, at any time, Receivables Note
Owners having more than two-thirds of the aggregate Percentage Interests of all Receivables Note Owners in such Purchaser Group.

Required Receivables Note Purchasers as to any Purchaser Group, shall mean, at any time, Committed Purchasers having Commitments aggregating more than two-thirds of all of the Commitments in such Purchaser Group.

Requirement of Law shall mean, as to any Person, any law, treaty, rule or regulation, or determination of an arbitrator
or Governmental Authority, in each case applicable to or binding upon such or to which such Person is subject, whether federal, state or local (including usury laws, the Federal Truth in Lending Act and Regulation Z and Regulation B of the Board of
Governors of the Federal Reserve System).



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Scotia means The Bank of Nova Scotia.

Standard & Poors shall mean Standard & Poors Ratings Services, a division of The McGraw-Hill Companies,
Inc., or any successor that is a nationally recognized statistical rating organization.

Successor Servicer shall have
the meaning specified in Section 8.5.

Support Advances shall mean, with respect to a CPC Committed
Purchaser and its related CP Conduit, any participation held by such CPC Committed Purchaser in such CP Conduits Percentage Interest in the Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, which was
purchased from such CP Conduit pursuant to a Support Facility and any loans or other advances made by such CPC Committed Purchaser to such CP Conduit pursuant to a Support Facility to fund such CP Conduits making or maintaining its purchases
hereunder up to the amount of the related Advance (but excluding any such loans or advances made to fund such CP Conduits obligations to pay interest, fees or other similar amounts relating to the funding of its making or maintaining its
purchases hereunder). In the event that such CPC Committed Purchaser and its related CP Conduit are both Equipment Loan Note Purchasers and Receivables Note Purchasers, such CPC Purchaser shall be deemed to hold separate Support Advances hereunder
in each such capacity.

Support Facility shall mean any liquidity or credit support agreement with a CP Conduit which
relates to this Agreement (including any master repurchase agreement or an agreement to purchase an assignment of or participation in Equipment Loan Notes or Receivables Notes), it being understood that such liquidity or credit support may also
relate to other transactions.

Support Party shall mean any bank, insurance company or other financial institution
extending or having a commitment to extend funds to or for the account of or to provide credit support for the benefit of a CP Conduit (including by agreement to purchase an assignment of or participation in Equipment Loan Notes or Receivables
Notes) under a Support Facility. Each CPC Committed Purchaser for a CP Conduit which is a CP Conduit shall be deemed to be a Support Party for such CP Conduit.

Taxes has the meaning specified in Section 2.4(a).

Transfer has the meaning specified in Section 7.1(c).

Transfer Supplement has
the meaning specified in Section 7.1(e).

Transferee has the meaning specified in
Section 7.1(c).

Transferor has the meaning specified in the preamble to this Agreement.



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written or in writing (and other variations thereof) shall mean any
form of written communication or a communication by means of telex, telecopier device, telegraph or cable.



| | 1.2 | Other Definitional Provisions.
| | --- | ------------------------------

(a) Unless
otherwise specified therein, all terms defined in this Agreement shall have the defined meanings as set forth herein when used in any certificate or other document made or delivered pursuant hereto.

(b) The words hereof, herein, and hereunder and words of similar import when used in this Agreement shall refer to
this Agreement as a whole and not to any particular provision of this Agreement; and Section, subsection and Exhibit references are to this Agreement, unless otherwise specified. The words including and include shall be
deemed to be followed by the words without limitation. References to any Person include that Persons successors in interest.

ARTICLE 2 AMOUNT AND TERMS OF COMMITMENTS



| | 2.1 | Purchases.
| | --- | ----------

(a) On and subject to the terms and
conditions of this Agreement (including Article 3 and clause (g) below), on the Closing Date each initial Primary Purchaser may purchase its Purchaser Percentage of the Equipment Loan Initial Advance or the Receivables Initial
Advance, as applicable, for a purchase price equal to the portion of the Equipment Loan Initial Advance or the Receivables Initial Advance, as applicable, so purchased. The determination of whether an initial Primary Purchaser will make such
purchase may, less such amounts as the Issuer and the initial Primary Purchasers shall agree, be made by the related Agent for such Primary Purchaser.

(b) On and subject to the terms and conditions of this Agreement (including Article 3 and clause (g) below) and prior to the applicable Conversion Date, each Primary Purchaser may purchase its
Purchaser Percentage of any Equipment Loan Advance Increase or Receivables Advance Increase, as applicable, offered for purchase hereunder for a purchase price equal to the Equipment Loan Advance Increase or the Receivables Advance Increase, as
applicable, so purchased. The determination of whether an initial Primary Purchaser will make such purchase may be made by the related Agent for such Primary Purchaser.

(c) Each purchase of any Equipment Loan Advance Increase or Receivables Advance Increase hereunder shall be in accordance with the provisions hereof upon delivery of an Advance Increase Notice by the Issuer to each
Agent and the Indenture Trustee received no later than 3:00 p.m., New York City time, at least two Business Days prior to the applicable Equipment Loan Borrowing Date (except that once per calendar quarter, commencing June 2009, the Issuer shall
only be required to provide one Business Days notice) or one Business Day prior to the applicable Receivables Borrowing Date (or such shorter period as may be agreed to by each Agent), in each case except as otherwise agreed by the Issuer and
the Noteholders. Each Advance Increase Notice shall be irrevocable and shall specify an Advance of at least $1,000,000, unless each Committed Purchaser otherwise agrees, and in an integral multiple of



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$100,000. The Issuer may not deliver more than one Advance Increase Notice with respect to an Equipment Loan Advance Increase and more than two Advance
Increase Notices with respect to a Receivables Advance Increase in any calendar week, unless each Agent otherwise agrees, which consent shall not be unreasonably withheld.

(d) Subject to the satisfaction of the applicable conditions set forth in Article 3 and clause (g) below, each CP Conduit which is a
Committed Purchaser shall make a purchase of Equipment Loan Notes or Receivables Notes, as applicable, on the applicable Purchase Date in an amount equal to its Equipment Loan Initial Advance, the Equipment Loan Advance Increase, the Receivables
Initial Advance, or the Receivables Advance Increase, as the case may be, for a purchase price equal to its share of the Equipment Loan Initial Advance, the Equipment Loan Advance Increase, the Receivables Initial Advance, or the Receivables Advance
Increase, as applicable, so purchased. Each CP Conduit which is not a Committed Purchaser shall notify the Agent for its Purchaser Group by 10:00 a.m., New York City time, on the applicable Purchase Date whether it has elected to make the purchase
offered to it pursuant to Section 2.1 (a) or 2.1(b). In the event that a CP Conduit which is not a Committed Purchaser shall not have timely provided such notice, such CP Conduit shall be deemed to have elected not to make
such purchase. Such Agent shall notify each CPC Committed Purchaser for such CP Conduit on or prior to 11:00 a.m., New York City time, on the applicable Purchase Date if such CP Conduit has not elected to purchase its entire Purchaser Percentage of
the Equipment Loan Initial Advance, the Equipment Loan Advance Increase, the Receivables Initial Advance, or the Receivables Advance Increase, as the case may be, which notice shall specify (i) the identity of such CP Conduit, (ii) the
portion of the Equipment Loan Initial Advance, the Equipment Loan Advance Increase, the Receivables Initial Advance, or the Receivables Advance Increase, as the case may be, which such CP Conduit has not elected to purchase as provided above, and
(iii) the respective Liquidity Percentages of such CPC Committed Purchasers on such Purchase Date (as determined by such Agent in good faith; for purposes of such determination, such Agent shall be entitled to rely conclusively on the most
recent information provided by such CP Conduit or its agent or by the agent for its Support Parties). Subject to receiving such notice and the satisfaction of the applicable conditions set forth in Article 3 and
clause (g) below, each of such CP Conduits CPC Committed Purchasers shall make a purchase of Equipment Loan Notes or Receivables Notes, as applicable, on the applicable Purchase Date in an amount equal to its Liquidity
Percentage of the portion of the Equipment Loan Initial Advance, the Equipment Loan Advance Increase, the Receivables Initial Advance, or the Receivables Advance Increase, as the case may be, which such CP Conduit has not elected to purchase, for a
purchase price equal to its share of the Equipment Loan Initial Advance, the Equipment Loan Advance Increase, the Receivables Initial Advance, or the Receivables Advance Increase, as applicable, so purchased.

(e) All purchases made pursuant to this Note Purchase Agreement by each Note Purchaser in a Purchaser Group shall be evidenced by one Equipment Loan Note
or Receivables Note, as applicable, for such Purchaser Group issued pursuant to the Indenture in the name of the related Agent for such Purchaser Group or, if requested by such Agent, in the name of the relevant Primary Purchaser. Each Equipment
Loan Note Purchasers or Receivables Note Purchasers, as applicable, purchase price payable pursuant to Section 2.1(a), 2.1(b) or 2.1(d) shall be made available to the Issuer at such account as it shall direct or
to the Agent for its Purchaser Group at the account of the Agent specified in Section 8.2(b), subject to the fulfillment of the applicable conditions set forth in Article 3, if to the Agent, at or prior to 2:00 p.m.,



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New York City time, and if to the Issuer, at or prior to 3:00 p.m., New York City time, on the applicable Purchase Date, by deposit of immediately available
funds. If such funds are to be remitted to an Agent, such Agent shall promptly notify the Issuer and the Transferor in the event that any Equipment Loan Note Purchaser or Receivables Note Purchaser either fails to make such funds available to such
Agent before such time or notifies such Agent that it will not make such funds available to such Agent before such time. Subject to (i) such Agents receipt of such funds and (ii) the fulfillment of the applicable conditions set forth
in Article 3, as determined by such Agent, such Agent will, not later than 3:00 p.m., New York City time on such Purchase Date, make such funds available, in the same type of funds received, by wire transfer thereof to the account of the
Issuer in the United States specified in the applicable Advance Increase Notice or, in the case of the purchase on the Closing Date, specified in writing by the Issuer to such Agent not later than the one Business Day prior to the Closing Date.

(f) Notwithstanding the fulfillment of the applicable conditions set forth in Article 3 with respect to a purchase, in the event
that a CP Conduit which is not a Committed Purchaser elected to make a purchase on a Purchase Date but failed to make its purchase price available to the Agent for its Purchaser Group when required by Section 2.1(e), such CP Conduit
shall be deemed to have rescinded its election to make such purchase, and none of the Issuer, the Transferor or any other Person shall have any claim against such CP Conduit by reason of its failure to timely make such purchase. In any such case,
such Agent shall give notice of such failure not later than 1:00 p.m., New York City time, on the Purchase Date to each CPC Committed Purchaser for such CP Conduit and to the Issuer and the Transferor, which notice shall specify (i) the
identity of such CP Conduit, (ii) the amount of the purchase which it had elected but failed to make and (iii) the respective Liquidity Percentages of such CPC Committed Purchasers on such Purchase Date (as determined by such Agent in good
faith; for purposes of such determination, such Agent shall be entitled to rely conclusively on the most recent information provided by such CP Conduit or its agent or by the agent for its Support Parties). Subject to receiving such notice, each of
such CP Conduits CPC Committed Purchasers shall purchase a portion of the Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, in an amount equal to its Liquidity Percentage of the amount described in
clause (ii) above at or before 2:00 p.m., New York City time, on such Purchase Date and otherwise in accordance with Section 2.1(d). Subject to such Agents receipt of such funds, such Agent will not later than 3:00
p.m., New York City time, on such Purchase Date make such funds available, in the same type of funds received, by wire transfer thereof to the account of the Issuer described in Section 2.1(e), which payment shall be deemed to be timely
for purposes hereof and of the Indenture.

(g) Notwithstanding anything herein to the contrary, in no event (i) shall a Committed
Purchaser be required on any date to make a purchase of the Equipment Loan Initial Advance or purchase an Equipment Loan Advance Increase which would result in its Percentage Interest of the Equipment Loan Note Principal Balance, determined after
giving effect to such purchase, exceeding its Adjusted Commitment with respect thereto; or (ii) may any Equipment Loan Advance Increase or the Equipment Loan Initial Advance be offered for purchase hereunder, nor shall any Equipment Loan Note
Purchaser be obligated to purchase any Equipment Loan Advance Increase or the Equipment Loan Initial Advance, to the extent that, after giving effect to such Equipment Loan Advance Increase or purchase of the Equipment Loan Initial Advance, the
Equipment Loan Note Principal Balance would exceed the Equipment Loan Facility Limit.



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(h) Notwithstanding anything herein to the contrary, in no event (i) shall a Committed Purchaser be
required on any date to make a purchase of the Receivables Initial Advance or purchase a Receivables Advance Increase which would result in its Percentage Interest of the Receivables Note Principal Balance, determined after giving effect to such
purchase, exceeding its Adjusted Commitment with respect thereto; or (ii) may any Receivables Advance Increase or the Receivables Initial Advance be offered for purchase hereunder, nor shall any Receivables Note Purchaser be obligated to
purchase any Receivables Advance Increase or the Receivables Initial Advance, to the extent that, after giving effect to such Receivables Advance Increase or purchase of the Receivables Initial Advance, the Receivables Note Principal Balance would
exceed the Receivables Facility Limit.

2.2 Interest, Fees, Expenses, Payments, Etc.

(a) The interest and fees (including the Equipment Loan Facility Fee and the Receivables Facility Fee) on the Equipment Loan Notes and Receivables Notes
shall be paid as provided in the Indenture (including Sections 2.7 and 8.2).

(b) The principal of, and interest and fees in respect of the
Equipment Loan Notes shall be paid as provided in Sections 2.7 and 8.2 of the Indenture. Equipment Loan Monthly Interest and Fees for each Interest Period (including the last Interest Period) shall be due and payable on the Distribution Date
immediately following such Interest Period. In the case of Equipment Loan Notes held by an Agent as nominee on behalf of an Equipment Loan Note Purchaser in its Purchaser Group, such Agent shall allocate to each Equipment Loan Note Owner in its
Purchaser Group each payment in respect of the Equipment Loan Notes received by such Agent in its capacity as Equipment Loan Noteholder as provided herein. Payments in reduction of the portion of the Equipment Loan Note Principal Balance evidenced
by an Equipment Loan Note shall be allocated and applied to the Equipment Loan Note Owners of such Equipment Loan Note pro rata based on their respective Percentage Interests of the Equipment Loan Note Principal Balance, or in any such case
in such other proportions as each affected Equipment Loan Note Purchaser may agree upon in writing from time to time with such Agent and the Issuer. Payments of interest in respect of the portion of the Equipment Loan Note Principal Balance
evidenced by an Equipment Loan Note shall be allocated and applied to Equipment Loan Note Owners of such Equipment Loan Note pro rata based upon the respective amounts of interest due and payable to them, determined as provided above in this
Section 2.2.

(c) The principal of, and interest and fees in respect of the Receivables Notes shall be paid as provided in
Sections 2.7 and 8.2 of the Indenture. In the case of Receivables Notes held by an Agent as nominee on behalf of a Receivables Note Purchaser in its Purchaser Group, such Agent shall allocate to each Receivables Note Owner in its Purchaser
Group each payment in respect of the Receivables Notes received by such Agent in its capacity as Receivables Noteholder as provided herein. Payments in reduction of the portion of the Receivables Note Principal Balance evidenced by a Receivables
Note shall be allocated and applied to the Receivables Note Owners of such Receivables Note pro rata based on their respective Percentage Interests of the Receivables Note Principal Balance, or in any such case in



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such other proportions as each affected Receivables Note Purchaser may agree upon in writing from time to time with such Agent and the Issuer. Payments of
interest in respect of the portion of the Receivables Note Principal Balance evidenced by a Receivables Note shall be allocated and applied to Receivables Note Owners of such Receivables Note pro rata based upon the respective amounts of
interest due and payable to them, determined as provided above in this Section 2.2. Payments of the Receivables Unused Facility Fee shall be allocated and paid to Receivables Note Owners pro rata based upon their respective
interest in the Receivables Note Principal Balance for the applicable Interest Period.

(d) Any fees and any interest thereon or other
amounts due and payable hereunder (without regard to any limitations set forth herein on the sources from which such amount may be paid) which are not paid on the due date thereof (including interest payable pursuant to this clause (d)) shall
accrue interest (after as well as before judgment) at 2% per annum above the Base Rate plus the Applicable Margin in effect on the date the payment was due from and including the due date thereof to but excluding the date such amount is
actually paid.

(e) Unless otherwise specified in the Applicable Margin Fee Letter, interest calculated by reference to the Adjusted
Eurodollar Rate shall be calculated on the basis of a 360-day year for the actual days elapsed. Periodic fees or other periodic amounts payable hereunder shall be calculated, unless otherwise specified in the Fee Letter, on the basis of a 360-day
year and for the actual days elapsed.

(f) All payments to be made hereunder or under the Indenture, whether on account of principal,
interest, fees or otherwise, shall be made without setoff or counterclaim and shall be made prior to 11:30 a.m., New York City time, on the due date thereof to the applicable Agent, at its account specified in Section 8.2(b), in Dollars
and in immediately available funds. Payments received by such Agent after 11:30 a.m., New York City time, shall be deemed to have been made on the next Business Day, unless otherwise agreed to by such Agent. Notwithstanding anything herein to the
contrary, if any payment due hereunder becomes due and payable on a day other than a Business Day, the payment date thereof shall be extended to the next succeeding Business Day and interest shall accrue thereon at the applicable rate during such
extension. To the extent that (i) the Issuer, the Indenture Trustee, the Transferor or the Servicer makes a payment to the Administrative Agent or an Agent or Note Purchaser or (ii) the Administrative Agent or an Agent or Note Purchaser
receives or is deemed to have received any payment or proceeds for application to an obligation, which payment or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be
repaid to a trustee, receiver or any other party under any bankruptcy or insolvency law, state or federal law, common law, or for equitable cause, then, to the extent such payment or proceeds are set aside, the obligation or part thereof intended to
be satisfied shall be revived and continue in full force and effect, as if such payment or proceeds had not been received or deemed received by the Administrative Agent, such Agent or such Note Purchaser, as the case may be.

(g) Each Agent shall notify the Indenture Trustee and the Servicer of the Cost of Funds for each Note Purchaser on each Determination Date.



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2.3 Requirements of Law.

(a) In the event that any Note Purchaser, Participant or Affected Party, as applicable, shall have reasonably determined that any Regulatory Change shall
impose, modify, hold or deem applicable any reserve, special deposit, compulsory loan or similar requirement (including any such requirement imposed by the Board of Governors of the Federal Reserve System and any such establishment or interpretation
of accounting principles) against assets of or held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, such Note Purchaser or Affected Party, as
applicable, or shall impose on any Note Purchaser, Affected Party or the London interbank market any other condition affecting this Agreement, the Indenture or any Transfer and Servicing Agreement, the ownership, maintenance or financing of the
Notes, the Trust Estate or payments of amounts due hereunder or its obligations to advance funds hereunder or under a Support Facility and the result of any of the foregoing is to increase the cost to such Note Purchaser or Affected Party, by an
amount which such Note Purchaser or Affected Party in good faith deems to be material, of maintaining its Commitment (whether hereunder or under a Support Facility) or its interest in the Equipment Loan Notes or Receivables Notes, as applicable, or
to reduce any amount receivable in respect thereof, then, in any such case, after submission by such Note Purchaser or Affected Party to the Agent for the related Purchaser Group of a written request therefor and the submission by such Agent
to the Issuer, the Transferor and the Servicer of such written request therefor, together with the certificate described in Section 2.3(d) below, the Servicer shall pay to such Agent for the account of such Note Purchaser or Affected
Party any additional amounts necessary to compensate such Note Purchaser or Affected Party for such increased cost or reduced amount receivable, to the extent not already reflected in the applicable interest rate (other than with respect to the
applicable margin), together with interest on any such unpaid amount from the Distribution Date following receipt by the Issuer of such request for compensation under this Section 2.3(a), if such request is received by the Issuer at
least five Business Days prior to the Determination Date related to such Distribution Date, and otherwise from the following Distribution Date, until payment in full thereof (after as well as before judgment) at the Federal Funds Rate in effect from
time to time.

(b) In the event that any Note Purchaser or Affected Party, as applicable, shall have reasonably determined that any
Regulatory Change regarding capital adequacy or any change in the application of generally accepted accounting principles has the effect of reducing the rate of return on such Note Purchasers or Affected Partys capital or on the capital
of any Person controlling such Note Purchaser or Affected Party as a consequence of its obligations hereunder or with respect hereto or its maintenance of its Commitment (whether hereunder or under a Support Facility) or its interest in the
Equipment Loan Notes or Receivables Notes, as applicable, to a level below that which such Note Purchaser, Affected Party or such Person could have achieved but for such Regulatory Change (taking into consideration such Note Purchasers,
Affected Partys or Persons policies with respect to capital adequacy) or such accounting change by an amount in good faith deemed by such Note Purchaser, Affected Party or Person to be material, then, from time to time, after
submission by such Note Purchaser or Affected Party to the Agent for the related Purchaser Group of a written request therefor and the submission by such Agent to the Issuer, the Transferor and the Servicer of such written request therefor, together
with the certificate described in Section 2.3(d) below, the Issuer and the Servicer shall, on a joint and several basis, pay to such Agent for the account of such Note Purchaser or



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Affected Party such additional amount or amounts as will compensate such Note Purchaser, Affected Party or Person, as applicable, for such reduction,
together with interest on any such unpaid amount from the Distribution Date following receipt by the Issuer of such request for compensation under this Section 2.3(b), if such request is received by the Issuer at least five Business Days
prior to the Determination Date related to such Distribution Date, and otherwise from the following Distribution Date, until payment in full thereof (after as well as before judgment) at the Federal Funds Rate in effect from time to time. Nothing in
this Section 2.3(b) shall be deemed to require the Issuer or the Servicer to pay any amount to a Note Purchaser or Affected Party to the extent such Note Purchaser or Affected Party has been compensated therefor under another provision
of this Agreement or to the extent such amount is already reflected in the applicable interest rate (other than with respect to the applicable margin).

(c) Each Note Purchaser and Affected Party agrees that it shall use its reasonable efforts to reduce or eliminate any claim for compensation pursuant to Sections 2.3(a) and 2.3(b), including but not
limited to designating a different Investing Office for their Equipment Loan Notes or Receivables Notes, as applicable (or any interest therein), if such efforts will avoid the need for, or reduce the amount of, any increased amounts referred to in
Section 2.3(a) or 2.3(b) and will not, in the reasonable opinion of such Note Purchaser or Affected Party, as applicable, be unlawful or otherwise disadvantageous to such Note Purchaser or Affected Party or inconsistent with its
policies or regulatory restrictions or result in any unreimbursed cost or expense to such Note Purchaser or Affected Party or in an increase in the aggregate amount payable under Sections 2.3(a) and 2.3(b).

(d) Each Note Purchaser or Affected Party claiming increased amounts described in Section 2.3(a) or 2.3(b) will furnish to the Agent
for the related Purchaser Group (together with its request for compensation) a certificate prepared in good faith setting forth the basis (which may include the use of estimates derived using commercially reasonable methods) and the calculation of
the amount (in reasonable detail) of each request by such Note Purchaser or Affected Party for any such increased amounts referred to in Section 2.3(a) or 2.3(b). Any such certificate shall be conclusive absent manifest error, and
such Agent shall deliver a copy thereof to the Issuer, the Transferor and the Servicer. Failure on the part of any Note Purchaser or Affected Party to demand compensation for any amount pursuant to Section 2.3(a) or 2.3(b) with
respect to any period shall not constitute a waiver of such Note Purchasers or Affected Partys right to demand compensation with respect to such period; provided, however, that notwithstanding the foregoing provisions of
this Section 2.3, a Note Purchaser or Affected Party, as applicable, shall not be compensated for any such amount relating to any period ending more than six months prior to the date that the related Agent for such Note Purchaser or
Affected Party notifies the Issuer, the Transferor and the Servicer in writing thereof or for any amounts resulting from a change by any Note Purchaser or Affected Party of its Investing Office (other than changes required by law or changes made
pursuant to Section 2.3(c) or Section 2.4(d)). Amounts owing under this Section 2.3 by the Issuer shall be due and payable in accordance with Section 8.2 of the Indenture.

2.4 Taxes.

(a) All payments made to
a Note Purchaser, Affected Party, Participant, Assignee, or Agent, or to the Administrative Agent under this Agreement and the Indenture



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(including all amounts payable with respect to the Equipment Loan Notes or Receivables Notes, as applicable) shall, to the extent allowed by law, be made
free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp, excise, franchise or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed,
levied, collected, withheld or assessed by any Governmental Authority (collectively, Taxes), excluding, (i) income taxes (including branch profit taxes, minimum taxes and taxes computed under alternative methods, at least one
of which is based on or measured by net income), franchise taxes (imposed in lieu of income taxes), or any other taxes based on or measured by the net income of the Administrative Agent or such Note Purchaser, Affected Party, Participant, Assignee
or Agent (as the case may be) or the gross receipts or income of the Administrative Agent or such Note Purchaser, Affected Party, Participant, Assignee or Agent (as the case may be); (ii) any Taxes that would not have been imposed but for the
failure of the Administrative Agent or such Note Purchaser, Affected Party, Participant, Assignee or Agent, as applicable, to provide and keep current (to the extent legally able) any certification or other documentation required by this Agreement
to be furnished by the Administrative Agent or such Note Purchaser, Affected Party, Participant, Assignee or Agent, as applicable; and (iii) any Taxes imposed as a result of a change by the Administrative Agent or any Note Purchaser, Affected
Party, Participant, Assignee or Agent of its Investing Office (other than changes pursuant to this Agreement, including Section 2.4(c), or required by law) (all such excluded taxes being hereinafter called Excluded
Taxes). If, as a result of any change in law, treaty or regulation or in the interpretation or administration thereof by any governmental or regulatory agency or body charged with the administration or interpretation thereof, or the
adoption of any law, treaty or regulation, any Taxes, other than Excluded Taxes, are required to be withheld from any amounts payable to the Administrative Agent or a Note Purchaser, Affected Party, Participant, Assignee or Agent hereunder or under
the Indenture, then after submission by any Note Purchaser, Affected Party, Participant or Assignee to the Agent for the related Purchaser Group and by any Agent or the Administrative Agent to the Issuer, the Transferor and the Servicer of a
written request therefor, together with the certificate described in Section 2.4(b) below, the amounts so payable to the Administrative Agent or such Note Purchaser, Affected Party, Participant, Assignee or Agent, as applicable, shall be
increased by the Issuer, and the Servicer shall pay to the applicable Agent for the account of such Note Purchaser, Participant, Assignee or Affected Party or for its own account or to the Administrative Agent, as applicable, the amount of such
increase to the extent necessary to yield to the Administrative Agent or such Note Purchaser, Affected Party, Participant, Assignee or Agent, as applicable (after payment of all such Taxes) interest or any such other amounts payable hereunder or
thereunder at the rates or in the amounts specified in this Agreement and the Indenture; provided, however, that the amounts (including any related interest or penalties) so payable to the Administrative Agent or such Note Purchaser,
Affected Party, Participant, Assignee or Agent shall not be increased pursuant to this Section 2.4(a) if such requirement to withhold results from the failure of such Person to comply with Section 2.4(c). Whenever any Taxes
are payable on or with respect to amounts distributed to the Administrative Agent or a Note Purchaser, Affected Party, Participant, Assignee or Agent, then, as promptly as possible thereafter the Servicer shall send to the Agent, on behalf of such
Note Purchaser or Affected Party, Participant or Assignee, or to the Administrative Agent or such Agent, as applicable, a certified copy of an original official receipt showing payment thereof. If either the Issuer or Servicer fails to pay any Taxes
when due to the appropriate taxing authority or fails to remit to



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the Agent, on behalf of itself or such Note Purchaser, Affected Party, Participant or Assignee, or to the Administrative Agent or such Agent, as applicable,
the required receipts or other required documentary evidence, the Servicer and the Issuer shall pay, without duplication, to such Agent on behalf of such Note Purchaser, Affected Party, Participant or Assignee or to the Administrative Agent or such
Agent for its own account, as applicable, any incremental taxes, interest or penalties that may become payable by the Administrative Agent or such Note Purchaser, Affected Party, Participant, Assignee or Agent, as applicable, as a result of any such
failure.

(b) A Note Purchaser, Affected Party, Participant or Assignee claiming increased amounts under Section 2.4(a) for
Taxes paid or payable by such Note Purchaser, Affected Party, Participant or Assignee will furnish to the applicable Agent a certificate prepared in good faith setting forth the basis (which may include the use of estimates derived using
commercially reasonable methods) and amount of each request by such Note Purchaser, Affected Party, Participant or Assignee for such Taxes, and such Agent shall deliver a copy thereof to the Issuer, the Transferor and the Servicer. The
Administrative Agent or an Agent, as the case may be, claiming increased amounts under Section 2.4(a) for its own account for Taxes paid or payable by the Administrative Agent or such Agent, as applicable, will furnish to the Issuer, the
Transferor and the Servicer a certificate prepared in good faith setting forth the basis (which may include the use of estimates derived using commercially reasonable methods) and amount of each request by the Administrative Agent or such Agent for
such Taxes. Any such certificate of the Administrative Agent or a Note Purchaser, Affected Party, Participant, Assignee or Agent shall be conclusive absent manifest error. Failure on the part of the Administrative Agent or any Note Purchaser,
Affected Party, Participant, Assignee or Agent to demand additional amounts pursuant to Section 2.4(a) with respect to any period shall not constitute a waiver of the right of the Administrative Agent or such Note Purchaser, Affected
Party, Participant, Assignee or Agent, as the case may be, to demand compensation with respect to such period. All such amounts shall be due and payable to such Agent on behalf of such Note Purchaser, Affected Party, Participant or Assignee or to
the Administrative Agent or such Agent, as the case may be, for its own account on the Distribution Date following receipt by the Issuer of such certificate, if such certificate is received by the Issuer at least five Business Days prior to the
Determination Date related to such Distribution Date and otherwise shall be due and payable on the following Distribution Date (or, if earlier, on the Final Scheduled Distribution Date).

(c) Each Equipment Loan Note Purchaser, Receivables Note Purchaser, Affected Party, Participant, Assignee, and Agent holding an interest in either the
Equipment Loan Notes or Receivables Notes and the Administrative Agent agree that prior to the date on which the first interest or fee payment hereunder is due thereto, they will deliver to the Issuer, the Transferor, the Servicer, the Indenture
Trustee, the applicable Agent and the Administrative Agent (i) if such Equipment Loan Note Purchaser, Receivables Note Purchaser, Affected Party, Participant, Assignee, Agent or Administrative Agent is not a United States person (as such term
is defined in Section 7701(a)(30) of the Code) for U.S. federal income tax purposes, two duly completed original copies of the U.S. Internal Revenue Service Form W-8ECI or Form W-8BEN (including for purposes of claiming treaty benefits) or in
either case successor applicable forms (or as otherwise required pursuant to clause (iii) herein), (ii) if such Equipment Loan Purchaser, Receivable Note Purchaser, Affected Party, Participant, Assignee or Agent, or the Administrative
Agent is a United States person (as such term is defined in Section 7701(a)(30) of



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the Code) for U.S. federal income tax purposes, a duly completed U.S. Internal Revenue Service Form W-9 or successor applicable or required forms, and
(iii) such other forms and information as may be required (as reasonably determined by the Issuer or Servicer) to confirm the availability of any applicable exemption from United States federal, state or local withholding or backup withholding
taxes. Each Equipment Loan Note Purchaser, Receivables Note Purchaser, Affected Party, Participant, Assignee and Agent holding an interest in Equipment Loan Notes or Receivables Notes and the Administrative Agent also agree to deliver to the Issuer,
the Transferor, the Servicer, the Indenture Trustee, the applicable Agent and the Administrative Agent two further copies of such Form W-8ECI, Form W-8BEN or Form W-9, or such successor applicable forms or other manner of certification, as the case
may be, on or before the date that any such form expires or becomes obsolete or after the occurrence of any event requiring a change in the most recent form previously delivered by it hereunder, and such extensions or renewals thereof as may
reasonably be requested by the Servicer, the Issuer, the Transferor, an Agent or the Administrative Agent, unless in any such case, solely as a result of a change in treaty, law or regulation occurring prior to the date on which any such delivery
would otherwise be required, the Equipment Loan Note Purchaser, Receivables Note Purchaser, Affected Party, Participant, Assignee, Agent or the Administrative Agent as applicable, is no longer eligible to deliver the then-applicable form set forth
above and so advises the Servicer, the Issuer, the Transferor and the applicable Agent and the Administrative Agent.

(d) Each Note
Purchaser, Affected Party, Participant, Assignee and Agent, and the Administrative Agent agree that they shall use reasonable efforts to reduce or eliminate any amount due under Section 2.3 or this Section 2.4, including but
not limited to designating a different Investing Office for its Equipment Loan Notes or Receivables Notes, as applicable, (or any interest therein) if such designation will eliminate or materially reduce any amount due under Section 2.3
or this Section 2.4 and will not, in the reasonable opinion of such Note Purchaser, Affected Party, Participant, Assignee and Agent, and the Administrative Agent be unlawful or otherwise disadvantageous to such Note Purchaser, Affected
Party, Participant, Assignee and Agent, and the Administrative Agent or inconsistent with its policies or result in any unreimbursed cost or expense to such Note Purchaser, Affected Party, Participant, Assignee and Agent, and the Administrative
Agent or in an increase in the aggregate amount payable under Sections 2.3(a) and 2.3(b). If such amount is not eliminated by any such designation or no such designation is done and the Note Purchaser does not waive payment of such
amount, such Note Purchaser and the Agent for its Purchaser Group hereby severally agree to use reasonable efforts to procure a replacement purchaser not so affected and which is reasonably acceptable to the Transferor, such Agent and the
Administrative Agent (a Replacement Purchaser) to replace such affected Note Purchaser. The Transferor shall also have the right to procure a Replacement Purchaser, provided that such proposed Replacement Purchaser is
reasonably acceptable to the Agent for the affected Purchaser Group and the Administrative Agent. No replacement of a Note Purchaser shall be effected pursuant to this Section 2.4(d) if, after giving effect thereto, any amounts shall be
owing to the replaced Note Purchaser hereunder. Each affected Note Purchaser hereby agrees to take all actions necessary to permit a Replacement Purchaser to succeed to its rights and obligations hereunder.

Notwithstanding the foregoing, (i) if the Note Purchaser being replaced pursuant to this subsection is a CPC Committed Purchaser, the Replacement
Purchaser shall be acceptable to the related CP Conduit and (ii) if the Note Purchaser being replaced pursuant to this



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subsection is a CP Conduit, the Replacement Purchaser shall be acceptable to all related CPC Committed Purchasers; and it shall be a condition of such
replacement that such Replacement Purchaser enter into substitute Support Facilities for those to which the Note Purchaser being replaced is a party on terms mutually acceptable to the parties thereto. In the event that a proposed Replacement
Purchaser which has been approved by the Transferor, the applicable Agent and the Administrative Agent as provided in this subsection is not acceptable to the applicable CP Conduit or the applicable Committed Purchasers, as applicable, or has not
within a reasonable period entered into applicable Support Facilities, and another replacement Note Purchaser has not been promptly procured as provided in this subsection with the consent of all affected parties, then the Note Purchaser which
failed to consent to such replacement or to enter into such Support Facilities may be replaced by a Replacement Purchaser and shall use reasonable efforts to procure a Replacement Purchaser, in each case as provided in this subsection. Amounts owing
under this Section 2.4 by the Issuer shall be due and payable in accordance with Section 8.2 of the Indenture.

If such
amount is not eliminated due to the failure to find an acceptable Replacement Purchaser (or such Replacement Purchaser not being acceptable to the related CP Conduit or CPC Committed Purchasers, as applicable), and the affected Note Purchaser does
not waive payment of such amount, the Transferor shall have the right to procure a replacement purchaser for such Note Purchaser and any additional Note Purchaser in such Note Purchasers Purchaser Group (the Exiting Note Purchaser
Group) and a replacement agent for the respective Agent in the Exiting Note Purchaser Group (collectively, the Replacement Purchaser Group), provided that if the Exiting Note Purchaser Group contains a member that
is the Administrative Agent, such proposed Replacement Purchaser Group is reasonably acceptable to the Administrative Agent. No replacement of an Exiting Note Purchaser Group shall be effected pursuant to this Section 2.4(d) if, after
giving effect thereto, any amounts shall be owing to any replaced member of such Exiting Note Purchaser Group hereunder. Each member of the Exiting Note Purchaser Group hereby agrees to take all actions necessary to permit the members of the
Replacement Note Purchaser Group to succeed to its rights and obligations hereunder.

2.5 Indemnification

(a) The Issuer and ALS agree to jointly and severally indemnify and hold harmless the Administrative Agent, each Agent, each Note Purchaser and each
Affected Party and any director, officer, employee or agent thereof (each such Person being an Indemnitee) from and against any and all claims, damages, losses, liabilities, costs or expenses (including reasonable fees and
out-of-pocket expenses of counsel) whatsoever (including claims under federal or state securities laws), which the Indemnitee incurs (or which may be claimed against the Indemnitee) by reason of or in connection with (i) the failure of the
offer and sale by or on behalf of the Issuer, the Transferor or any of their affiliates of the Notes in accordance with this Agreement and the other Basic Documents to comply with applicable law, (ii) the failure by the Issuer, the Transferor,
ALS or the Servicer (if the Servicer is ALS or an Affiliate thereof) to comply with any covenant set forth in this Agreement or any other Basic Document (provided that ALS shall not be liable for any indemnity arising under this clause
(ii) as a result of the Issuers failure to increase or replenish the Letter of Credit after the Closing Date pursuant to Section 3.27 of the Indenture (or to post cash or alternative collateral pursuant to Section 3.27 of
the Indenture)), (iii) reliance on any written false representation or warranty made (including



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reaffirmation) by the Issuer, the Transferor, ALS or the Servicer (if the Servicer is ALS or an Affiliate thereof) set forth in this Agreement or any other
Basic Document, (iv) the failure to vest in the Indenture Trustee a first priority perfected security interest in the Trust Estate, (v) any failure of ALS, as Servicer or otherwise, to perform its duties or obligations in accordance with
the provisions of this Agreement or any of the other Basic Documents, (vi) third party claims arising from the commingling of Collections by the Issuer, the Servicer or the Transferor at any time with its other funds or the funds of another
Person, (vii) claims by third parties (including parties to the Basic Documents only at a time when a Rapid Amortization Event exists and at all times excluding claims arising among the Agents, the Administrative Agent and the Note Purchasers)
arising out of the servicing of the Loans or Receivables, the use or ownership of the Equipment, or the repossession (other than Losses related to a decline in value of the Equipment repossessed) or operation by the Servicer or any Affiliate thereof
of any item of Equipment or collateral therefor, but only so long as and with respect for actions taken while ALS is the Servicer, (viii) any statement, omission or act in connection with the offering, issuance, sale or delivery of any of the
Notes and (ix) claims by third parties relating to products liability, lender liability or any other claims by third parties (including parties to the Basic Documents only at a time when a Rapid Amortization Event exists and at all times
excluding claims arising among the Agents, the Administrative Agent and the Note Purchasers) arising from the transactions contemplated by this Agreement or any other Basic Document, except (A) to the extent that any such claim, damage, loss,
liability, cost or expense shall be caused by the bad faith, willful misconduct or gross negligence of an Indemnitee within the same Equipment Loan Purchaser Group or Receivables Purchaser Group, as applicable, as the Indemnitee making the claim in
performing its obligations under this Agreement, (B) for recourse as a result of nonpayment by Obligors for credit reasons on the Accounts or the related Equipment Loans, (C) for recourse as a result of nonpayment by Obligors for credit
reasons on the Accounts or the related Receivables or (D) to the extent the same constitute consequential, special or punitive damages. Subject to the limitations set forth above, but without limiting the generality of the foregoing, the Issuer
agrees to indemnify and hold harmless each Indemnitee from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time
(including at any time following the payment of the obligations under this Agreement, including payment of the Equipment Loan Note Principal Balance and payment of the Receivables Note Principal Balance) be imposed on, incurred by or asserted
against such Indemnitee in any way relating to or arising out of this Agreement, or any documents contemplated by or referred to herein or the transactions contemplated hereby or any action taken or omitted by any Indemnitee under or in connection
with any of the foregoing; provided that the Issuer shall not be liable under this sentence for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of an Indemnitee within the same Equipment Loan Purchaser Group or Receivables Purchaser Group, as applicable, as the Indemnitee making the claim resulting from its own gross negligence or willful misconduct. Promptly after receipt by
an Indemnitee of notice of the commencement of any action, such Indemnitee, as the case may be, will, if a claim in respect thereof is to be made under this Section 2.5(a), notify the Issuer and the Transferor in writing of the
commencement thereof; provided, however, the omission to so notify the Issuer or the Transferor will not relieve the Issuer or the Transferor from any liability which it may have to such Indemnitee under this Section 2.5(a)
except to the extent the Issuer or the Transferor was actually prejudiced by the failure to give such notices promptly. Amounts owing under this Section 2.5(a) by the Issuer shall be due and payable in accordance with
Section 8.2 of the Indenture.



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(b) If any action or proceeding (including any governmental investigation) shall be brought or asserted
against any Indemnitee in respect of which the indemnity provided above may be sought from ALS or the Issuer (the Indemnifying Party) each such Indemnitee shall promptly notify the Indemnifying Party in writing, and the
Indemnifying Party may, within a reasonable time, irrevocably assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnitee and the payment of all expenses and reasonable legal fees; provided that
failure to notify the Indemnifying Party shall not relieve it from any liability it may have to such Indemnitee except to the extent that it shall be actually prejudiced thereby; provided, further, that, the Indemnifying Party shall
not be entitled to assume the defense of any such action or proceeding (i) unless the Indemnifying Party shall have acknowledged in writing to the Indemnitee that such action or proceeding is covered by the indemnification set forth in
Section 2.5(a), (ii) if the proceeding is a governmental proceeding involving the possible imposition of any criminal liability or penalty, (iii) if the relief sought in such action or proceeding is the seeing of injunctive
relief against the Indemnifying Party affecting property, assets or activity not related to this transaction, or (iv) in the reasonable opinion of the Indemnitee, such defense or compromise involves a conflict of interest between such
Indemnitee and an Indemnifying Party. The Indemnitee shall have the right to employ separate counsel in any such action and to participate in the defense thereof at the expense of the Indemnitee; provided, however that the fees and
expenses of separate counsel to the Indemnitee in any such proceeding shall be at the expense of the Indemnifying Party if (i) the Indemnifying Party has agreed to pay such fees and expenses, (ii) the Indemnifying Party shall have failed
to assume the defense of such action or proceeding or employ counsel reasonably satisfactory to the Indemnitee in any such action or proceeding within a reasonable time after the commencement of such action or (iii) the named parties to any
such action or proceeding (including any impleaded parties) include both the Indemnitee and the Indemnifying Party, and the Indemnitee shall have been advised in writing by counsel that there may be one or more legal defenses available to it which
are different from or additional to those available to the Indemnifying Party which gives rise to a conflict of interest (in which case, if the Indemnitee notifies the Indemnifying Party in writing that it elects to employ separate counsel at the
expense of the Indemnifying Party, the Indemnifying Party shall not have the right to assume the defense of such action or proceeding on behalf of such Indemnitee, it being understood, however, that the Indemnifying Party shall not, in connection
with any one such action or proceeding or separate but substantially similar or related actions or proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of
more than one separate firm of attorneys at any time for the Indemnified Parties, which firm shall be designated in writing by the Indemnitee and shall be reasonably acceptable to the Indemnitee). The Indemnifying Party shall not be liable for any
settlement of any such action or proceeding effected without its written consent to the extent that any such settlement shall be prejudicial to the Indemnifying Party (to which the Indemnified Party did not consent), but, if settled with its written
consent, or if there is a final non-appealable judgment for the plaintiff in any such action or proceeding with respect to which the Indemnifying Party shall have received notice in accordance with this paragraph, the Indemnifying Party agrees to
indemnify and hold the Indemnitees harmless from and against any loss or liability by reason of such settlement or judgment.



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(c) Any Successor Servicer, by accepting its appointment pursuant to the Pooling and Servicing Agreement,
(i) shall agree to be bound by the terms, covenants and conditions contained herein applicable to the Servicer and to be subject to the duties and obligations of the Servicer hereunder, (ii) as of the date of its acceptance, shall be
deemed to have made with respect to itself only the representations and warranties made by the Servicer in Section 4.2 (with appropriate factual changes) and (iii) shall agree to indemnify and hold harmless any Indemnitee from and
against any and all claims, damages, losses, liabilities, costs or expenses (including the fees and expenses of counsel) whatsoever which such Indemnitee may incur (or which may be claimed against such Indemnitee) by reason of the bad faith,
negligence or willful misconduct of such Servicer in exercising its powers and carrying out its obligations under this Agreement, the Pooling and Servicing Agreement or any Related Document.

(d) In the event that for any reason, any Note Purchaser receives any repayment of (i) its share of the Equipment Loan Note Principal Balance
(A) other than on a Distribution Date or (B) on a Distribution Date if less than 2 Business Days prior notice of such Distribution Date repayment is received (which notice must specify the amount of such repayment), or (ii) its
share of the Receivables Note Principal Balance upon fewer than 1 Business Days prior written notice no later than 3:00 p.m., New York City time (which notice must specify the amount of such repayment), then in any such case the Issuer
agrees to indemnify and hold harmless each affected Note Purchaser against, and to promptly pay on demand directly to such Note Purchaser the amount equal to any loss, cost or expense incurred or suffered by such Note Purchaser as a result of such
change, repayment or other action, including any hedge breakage costs and any loss, cost or reasonable out-of-pocket expense incurred or suffered by such Note Purchaser (other than loss of profit) by reason of any prepayment expense incurred or
suffered by reason of the liquidation on redeployment of deposits or other funds prepaid, repaid or otherwise acquired by such Note Purchaser, in amounts which correspond to its share of the Equipment Loan Note Principal Balance or Receivables Note
Purchase Balance, as applicable. A statement setting forth in reasonable detail the calculations of any additional amounts payable pursuant to this Section 2.5 submitted by a Note Purchaser, an Agent, or the Administrative Agent, as the
case may be, to the Issuer, the Transferor and the Servicer shall be conclusive absent manifest error.

2.6 Expenses, etc.

(a) The Transferor, ALS and the Issuer (with respect to the Issuer, in accordance with Section 8.2 of the Indenture) agree jointly and
severally to pay on demand (i) to the Administrative Agent, each Agent, the initial Equipment Loan Note Purchasers, and the initial Receivables Note Purchasers all reasonable costs and expenses in connection with the preparation, execution, and
delivery of this Agreement and the other documents to be delivered hereunder or in connection herewith, including the reasonable fees and out-of-pocket expenses of counsel with respect thereto and the amounts due to Rating Agencies in connection
with their rating of the Notes and their review of the Note Purchasers acquisition and funding of the Notes (including all costs incurred with respect to the confirmation of a CP Conduits rating on its commercial paper in connection
therewith), (ii) to the Administrative Agent and each Agent, Equipment Loan Note Purchaser and Receivables Note Purchaser, all reasonable costs and expenses (including reasonable fees and expenses of counsel) in connection with the preparation,
negotiation, execution, delivery, distribution, review, amendment (including any requested



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waivers and consents) of this Agreement or the Related Documents, and (iii) to the Administrative Agent and each Agent, Equipment Loan Note Purchaser
and Receivables Note Purchaser, on demand, all reasonable costs and expenses (including reasonable fees and expenses of counsel), if any, in connection with the enforcement of this Agreement or any of the Related Documents, and the other documents
delivered thereunder or in connection therewith. Amounts required to be paid by the Transferor pursuant to this Section 2.6(a) shall not be payable from the Trust Estate.

(b) The Servicer agrees to pay on demand any and all stamp, transfer and other similar taxes (other than Taxes covered by Section 2.4) and
governmental fees payable in connection with the execution, delivery, filing and recording of any of the Related Documents and each related Support Facility, and agrees to save the Administrative Agent and each Equipment Loan Note Purchaser,
Receivables Note Purchaser and Agent harmless from and against any liabilities with respect to or resulting from any delay in paying or any omission to pay such taxes and fees. Amounts required to be paid by the Transferor pursuant to this
Section 2.6(b) shall not be payable from the Trust Estate.

2.7 Deliveries by Note Purchasers. For the purposes of
Sections 2.3, 2.4, 2.5, and 2.6 above, all deliveries required to be made by a Note Purchaser to the Issuer, the Transferor or the Servicer shall be made to the Administrative Agent and to the Agent for such Note
Purchasers Purchaser Group, and one of such Agents who in turn shall make such deliveries to the Issuer, the Transferor and/or the Servicer, as applicable. Such delivery by such Note Purchaser shall not be deemed made until such Agent for such
Purchaser Group makes delivery thereof to the Issuer, the Transferor and/or the Servicer, as applicable, as provided in Section 8.2 below.

2.8 Non-Renewing Committed Purchasers.

(a) Provided no Event of Default or Rapid Amortization Event
has occurred and is continuing, and subject to compliance with the terms of this Section 2.8, not more than ninety (90) days or less than sixty (60) days prior to the then current Liquidity Termination Date, the Issuer may on
one occasion only request an extension thereof for an additional period such that the extended Liquidity Termination Date would fall on the Scheduled Termination Date. Each Committed Purchaser will inform the Issuer at least thirty (30) days
prior to the then current Liquidity Termination Date whether it consents to such extension (which election is in the sole discretion of each Committed Purchaser).

(b) If, in accordance with Section 2.8(a), the Issuer requests that the Committed Purchasers renew their Commitments hereunder and some but less than all such Committed Purchasers consent to such renewal
within thirty (30) days of the Issuers request, the Issuer may arrange for an assignment of, and such non-renewing Committed Purchasers shall agree to assign, to one or more financial institutions acceptable to the Agent in such
non-renewing Committed Purchasers Purchaser Group, of all the rights and obligations hereunder of each such non-consenting Committed Purchaser in accordance with Section 7.1. Any such assignment shall become effective on the then
current Liquidity Termination Date. Each Committed Purchaser which does not so consent to any renewal shall cooperate fully with the Issuer in effectuating any such assignment.



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(c) If, in accordance with Section 2.8(a), the Issuer requests that the Committed Purchasers
extend the Liquidity Termination Date and some but less than all such Committed Purchasers consent to such extension within thirty (30) days after the Issuers request, and if none or less than all the Commitments of the non-renewing
Committed Purchasers in any Purchaser Group are assigned as provided in Section 2.8(a), then (without limiting the obligations of all the Committed Purchasers to make Advances prior to the then current Liquidity Termination Date in
accordance with the terms hereof) the related CP Conduit may sell an interest in its Percentage Interests hereunder for an aggregate purchase price equal to the lesser of (i) the maximum aggregate purchase price which would be payable if such
CP Conduit assigned its entire interest in the applicable Notes at that time under Section 7.1(e) to any Support Party under the terms of the applicable Support Facility, and (ii) the aggregate available Commitments of the
non-renewing Committed Purchasers in the applicable Purchaser Group, which purchase price shall be paid solely by the related non-renewing Committed Purchasers (or in the case of a CP Conduit that is the non-renewing Committed Purchaser, by its
related Support Parties), pro rata according to their respective Commitments. Following the payment of such purchase price, (i) the extended Liquidity Termination Date shall be effective with respect to the renewing Committed Purchasers,
(ii) the Equipment Loan Facility Limit and Receivables Facility Limit, as applicable, shall be automatically reduced pro ratain accordance with the reduction of the aggregate outstanding principal balance of the Notes of the
non-renewing Committed Purchasers as described in the following sentence until such outstanding balance has been reduced to zero and each such facility limit is then equal to the aggregate of the Commitments of all renewing Committed Purchasers, and
(iii) this Agreement and the Commitments of the renewing Committed Purchasers shall remain in effect in accordance with their terms notwithstanding the expiration of the Commitments of the non-renewing Committed Purchasers. Both prior to and
after the applicable Conversion Date, all amounts which, under Section 8.2 of the Indenture, are to be applied in reduction of the principal amount of the Receivables Notes or the Equipment Loan Notes, as applicable, up to the aggregate of the
applicable Percentage Interests sold to the non-renewing Committed Purchasers (or their Support Parties, as applicable) as described above in this subsection, shall be distributed ratably among the applicable Noteholders (both renewing and
non-renewing) according to the aggregate of the applicable Percentage Interests held by them, in reduction of such Percentage Interests, but the non-renewing Committed Purchasers shall not be required to fund any future Advances. When (after the
Liquidity Termination Date, as in effect prior to giving effect to the renewal) the aggregate principal balances of the Notes of the non-renewing Committed Purchasers described above in this subsection shall have been reduced to zero and all accrued
interest allocable thereto and all other outstanding amounts owed in respect of principal of, interest on or fees or other indemnities owing to such Committed Purchasers shall have been paid to such Committed Purchasers in full, then such Committed
Purchasers shall cease to be parties to this Agreement for any purpose.



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ARTICLE 3 CONDITIONS PRECEDENT

3.1 Conditions to Initial Purchase. The following shall be conditions precedent to the initial purchase of the Equipment Loan Notes or Receivables
Notes, as applicable, by the Equipment Loan Note Purchasers or Receivables Note Purchasers, as applicable:

(a) the representations and
warranties of the Issuer, the Servicer and the Transferor set forth or referred to in Article 4 and all representations and warranties of the Sellers set forth in the Purchase Agreement shall be true and correct in all material respects on
the Closing Date as though made on and as of the Closing Date (except for representations and warranties which relate to a specific date, which shall be true and correct as of such date), and no Rapid Amortization Event, Event of Default or Servicer
Default, and no event that, after the giving of notice or the lapse of time (or both), would constitute a Rapid Amortization Event, Event of Default or Servicer Default, shall have occurred and be continuing on the Closing Date;

(b) the Applicable Margin Fee Letter shall have been executed and delivered by the Issuer to each Agent;

(c) the Equipment Loan Notes and the Receivables Notes shall have been duly issued in accordance with the Indenture;

(d)(i) the Transferor, the Servicer or the Issuer, as applicable, shall have paid all fees payable on the Closing Date to the Administrative Agent and
each Agent, as applicable (for its own account or for the accounts of the initial Note Purchasers), described in the Applicable Margin Fee Letter and all reasonable and appropriately invoiced costs and expenses of the Administrative Agent and the
initial Agents and the Note Purchasers payable by the Transferor or the Issuer, as applicable, to the extent provided herein, or in connection with the transactions contemplated hereby and (ii) all fees payable on the Closing Date described in
the Fee Letter shall have been paid; and

(e) the Administrative Agent and each Agent on behalf of the Note Purchasers shall have received
on the Closing Date the following items, each of which shall be in form and substance satisfactory to each Agent and the Administrative Agent:

(i) an Officers Certificate of the Servicer confirming the satisfaction of the conditions set forth in clause (a) (as to representations and warranties of the Servicer only) above;

(ii) an Officers Certificate of the Transferor confirming the satisfaction of the conditions set forth in clauses
(a) (as to representations and warranties of the Transferor only) and (d) above;

(iii) an
Officers Certificate of the Issuer confirming the satisfaction of the conditions set forth in clauses (a) (as to representations and warranties of the Issuer only) and (c) above;

(iv) a copy of (A) the certificate of formation and limited liability company agreement or trust agreement, as applicable, of, and an
incumbency certificate with respect to its officers executing any of the Related Documents on the Closing Date on behalf of, each of the Issuer, the Transferor and the Servicer, certified by its authorized officer, (B) the Trust Agreement and
an incumbency certificate with respect to officers of the Owner Trustee executing any of the Related Documents on the Closing Date on behalf of the Issuer and (C) resolutions of the Board of Managers (or an authorized committee thereof) of each
of the Transferor and the Servicer with respect to the Related Documents to which it is party, certified by its authorized officer;



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(v) a certificate issued no earlier than 30 days prior to the Closing Date by an
appropriate Governmental Authority evidencing the legal existence and good standing of each of the Servicer as a Delaware limited liability company and of Transferor as a Delaware limited liability company;

(vi) the favorable written opinions of counsel for the Issuer, the Owner Trustee, the Indenture Trustee, the Transferor and the Servicer,
addressed to the Administrative Agent, each Agent and each Note Purchaser, dated the Closing Date, covering general corporate matters, no conflicts with any applicable law or other agreements, the due execution and delivery of, and the
enforceability of, each of the Basic Documents to which the Issuer, the Owner Trustee, the Indenture Trustee, the Transferor and the Servicer is party, true sale/non-consolidation, perfection and priority of security interest matters, tax
characterization of the Issuer and the Notes and such other matters as the Administrative Agent or its counsel may reasonably request;

(vii) evidence of the due execution and delivery by the Owner Trustee, on behalf of the Issuer, and the Indenture Trustee of the Related Documents to which each is party;

(viii) an executed copy of each of the Transfer and Servicing Agreements, the Indenture, the Trust Agreement, the Administration
Agreement, the Control Agreement and each of the other Basic Documents;

(ix) a certificate of the Indenture Trustee as to
the establishment of certain accounts as provided in the Pooling and Servicing Agreement;

(x) the duly executed Equipment
Loan Note(s) registered in the name of each Agent as nominee on behalf of the Equipment Loan Note Owners in its Purchaser Group or, if requested by such Agent, in the name of the relevant Primary Purchaser;

(xi) the duly executed Receivables Note(s) registered in the name of each Agent as nominee on behalf of the Receivables Note Owners in its
Purchaser Group or, if requested by such Agent, in the name of the relevant Primary Purchaser;

(xii) evidence satisfactory
to the Administrative Agent that financing statements duly executed or otherwise authorized by ALS, each Seller, Alliance Equipment Receivables and the Issuer or other, similar instruments or documents, as may be necessary or, in the opinion of the
Administrative Agent, or any Agent or Note Purchaser, desirable under the Uniform Commercial Code of all appropriate jurisdictions or any comparable law to perfect the transfers (including grants of security interests) under the Related Documents
have been delivered and, if appropriate, have been duly filed or recorded and that all filing fees, taxes or other amounts required to be paid in connection therewith have been paid;



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(xiii) certified copies of requests for information or copies (or a similar search report
certified by a party acceptable to the Administrative Agent), dated a date reasonably near to the Closing Date, listing all effective financing statements which name ALS or any Seller (under its present name and any previous name) as debtor and
which are filed in the jurisdictions in which the financing statements referred to in clause (xii) above were or are to be filed, together with copies of such financing statements (none of which, other than financing statements naming
the party under the Related Documents to which transfers (including grants of security interests) thereunder purport to have been made shall cover any of the property purported to be conveyed thereunder);

(xiv) evidence satisfactory to the Administrative Agent that the Notes are rated Aa2 by Moodys or AA by
Standard & Poors;

(xv) evidence satisfactory to each initial CP Conduit that its purchase of Equipment Loan
Notes and Equipment Loan Advance Increases hereunder (if any) will not result in a reduction or withdrawal of the rating of its Commercial Paper by the Rating Agencies;

(xvi) evidence satisfactory to each initial CP Conduit that its purchase of Receivables Notes and Receivables Advance Increases hereunder
(if any) will not result in a reduction or withdrawal of the rating of its Commercial Paper by the Rating Agencies;

(xvii)
a Servicers Certificate as of the then most recently completed Monthly Period; and

(xviii) such additional documents,
instruments, certificates or letters as the Administrative Agent or any Agent or Note Purchaser may reasonably request.

(f) no material
adverse change in (i) business, condition or operation of any Seller, ALS, the Transferor, the Issuer or the Servicer or (ii) the collectibility of the Loans or Receivables taken as a whole shall have occurred.

3.2 Condition to Additional Purchases. The following shall be conditions precedent to the obligation of any Note Purchaser to purchase its share
of the Equipment Loan Initial Advance, any Equipment Loan Advance Increase, Receivables Initial Advance or any Receivables Advance Increase, as applicable, on any Purchase Date (including the Closing Date);

(a) except in the case of the initial purchase on the Closing Date, each Agent shall have timely received a properly completed Advance Increase Notice;

(b) all interest, fees, expenses and all other amounts then due and payable to the Administrative Agent or any Note Purchaser or Agent
hereunder shall have been paid;

(c) no Rapid Amortization Event, Event of Default or Servicer Default, and no event that, after the giving
of notice or the lapse of time (or both), would constitute a Rapid Amortization Event, Event of Default or Servicer Default, shall have occurred and be continuing that has not been waived in writing by the Special Required Noteholders;



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(d) (i) in the case of the Closing Date, all conditions to the issuance of the Notes set forth in the
Indenture or any other Related Document shall have been satisfied, (ii) in the case of any Equipment Loan Borrowing Date, all conditions to the occurrence of the Equipment Loan Advance Increase to occur on such Equipment Loan Borrowing Date set
forth in the Indenture or any other Related Document shall have been satisfied and (iii) in the case of any Receivables Borrowing Date, all conditions to the occurrence of the Receivables Advance Increase to occur on such Receivables Borrowing
Date set forth in the Indenture or any other Related Document shall have been satisfied;

(e) after giving effect to the issuance of the
Equipment Loan Notes, the issuance of the Receivables Notes, the Equipment Loan Advance Increase or the Receivables Advance Increase, as applicable, all representations and warranties of the Transferor, the Issuer, the Seller and the Servicer
contained herein or made or reaffirmed on the related Purchase Date in the Related Documents, or otherwise made in writing pursuant to any of the provisions hereof or thereof, shall be true and correct in all material respects with the same force
and effect as though such representations and warranties had been made on and as of such date (other than representations and warranties which specifically relate to an earlier date, which shall be true and correct in all material respects as of
such earlier date);

(f) after giving effect to the issuance of the Equipment Loan Notes or the Equipment Loan Advance Increase to occur on
such Purchase Date, the Equipment Loan Note Principal Balance shall be equal to or less than the lesser of (i) the Equipment Loan Facility Limit and (ii) the Equipment Loan Borrowing Base as set forth in the related Advance Increase
Notice;

(g) after giving effect to the issuance of the Receivables Notes or the Receivables Advance Increase to occur on such Purchase
Date, the Receivables Note Principal Balance shall be equal to or less than the lesser of (i) the Receivables Facility Limit and (ii) the Receivables Borrowing Base as set forth in the related Advance Increase Notice;

(h) (i) after giving effect to the issuance of the Equipment Loan Notes on the Closing Date, the Weighted Average Life of the Eligible Loans in the Trust
Estate shall not be greater than 3.5 years and (ii) after giving effect to any Equipment Loan Advance Increase to occur on any Purchase Date, (x) the Weighted Average Life of the Eligible Loans in the Trust Estate shall not have been
greater than 3.5 years for the period of 3 consecutive calendar months ending on such Purchase Date and (y) if the Weighted Average Life of the Eligible Loans in the Trust Estate shall be greater than 3.5 years on such Purchase Date, the
Weighted Average Life of the Eligible Loans in the Trust Estate after giving effect to such Equipment Loan Advance Increase shall be less than the Weighted Average Life of the Eligible Loans in the Trust Estate before giving effect to such Equipment
Loan Advance Increase;

(i) the Weighted Average Seasoning of the Eligible Loans in the Trust Estate shall equal at least 15 months;



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(j) after giving effect to the issuance of the Equipment Loan Notes or the Equipment Loan Advance
Increase to occur on such Purchase Date, the aggregate Loan Balance (net of security deposits) of all Equipment Loans with fixed interest rates in the Trust Estate shall not be greater than the amount set forth in the Cap Notional Schedule attached
hereto as Schedule IV;

(k) after giving effect to the issuance of the Equipment Loan Notes or the Equipment Loan Advance Increase
to occur on such Purchase Date, the weighted average interest rate at such time of the Equipment Loans with fixed interest rates shall not be less than 9.50%;

(l) both immediately before and after giving effect to such Advance, the amount on deposit in the Reserve Account (exclusive of RA Cash and LC Substitute Cash, but including any amounts therein constituting the
Ineligible Cap Reserve at such time, if any) is then at least equal to the Reserve Account Required Amount (it being understood that the proceeds of a new Advance cannot be used to cure a shortfall in the Reserve Account Required Amount but such
proceeds can be used to fund the corresponding increase in the Reserve Account Required Amount resulting from an increase in the Notes; provided that the proceeds of a new Advance can be used to cure a shortfall in the Reserve Account
Required Amount once in every twelve (12) consecutive calendar months);

(m) both immediately before and after giving effect to such
Advance (made on or after the first Distribution Date), the amount on deposit in the Yield Supplement Account is then at least equal to the Yield Supplement Required Amount;

(n) immediately before giving effect to such Advance, the current Excess Spread at least equals the Minimum Excess Spread and, to the best knowledge of
the Transferor and the Servicer, after giving effect to such Advance the current Excess Spread will continue to at least equal the Minimum Excess Spread;

(o) the Note Purchasers shall have received all reports and other information theretofore required to be delivered by any Seller, ALS, the Issuer, the Transferor or the Servicer;

(p) in the case of each Equipment Loan Borrowing Date and Receivables Borrowing Date, the Issuer shall have delivered to each Agent an Officers
Certificate dated such Equipment Loan Borrowing Date or Receivables Borrowing Date, as applicable, certifying that the applicable conditions described in Sections 3.2(a) through 3.2(o) have been satisfied; and

(q) the applicable Conversion Date shall not have occurred.

ARTICLE 4 REPRESENTATIONS AND WARRANTIES

4.1 Representations and Warranties of the Issuer. The
Issuer represents and warrants to the Note Purchasers, the Agents and the Administrative Agent that the representations and warranties of the Issuer set forth in the Transfer and Servicing Agreements, the Indenture and the other Related Documents to
which it is a party are true and correct as of the date hereof (except for representations or warranties which relate to a specific date, which shall be true and correct as of such date).



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4.2 Representations and Warranties of the Transferor and the Servicer. Each of the Transferor and
the Servicer severally (each with respect to itself only) represents and warrants to the Note Purchasers, the Agents and the Administrative Agent that its representations and warranties (as Transferor or Servicer, as applicable) set forth in the
Pooling and Servicing Agreement and the other Related Documents to which it is a party are true and correct as of the date hereof (except for representations or warranties which relate to a specific date, which shall be true and correct as of such
date).

4.3 Representations and Warranties of the Note Purchasers. Each of the Note Purchasers severally (each with respect to
itself only) represents and warrants to, and agrees with, the Issuer, the Servicer and the Transferor that:

(a) Such Note Purchaser is
duly authorized to enter into and perform this Agreement and its respective Investment Letter and has duly executed and delivered this Agreement and such Investment Letter;

(b) This Agreement constitutes the valid and binding obligation of such Note Purchaser, enforceable in accordance with its terms, subject to bankruptcy,
insolvency, reorganization, receivership and other laws relating to, or affecting generally, the enforcement of creditors rights and remedies as the same may be applied in the event of the bankruptcy, insolvency, reorganization, receivership
or liquidation or a similar event of such Note Purchaser or a moratorium applicable to such Note Purchaser and to general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity); and

(c) No registration with, consent or approval of or other action by any federal, state, or other Governmental Authority or regulatory body
having jurisdiction over such Note Purchaser is required in connection with the execution, delivery or performance by such Note Purchaser of this Agreement.

ARTICLE 5 COVENANTS

5.1 Covenants. Each of the Issuer, the Transferor, the Seller and the Servicer
severally covenants and agrees, in each case as to itself individually or in such respective capacities, each with respect to itself only, until termination of this Agreement as provided herein, unless the Required Noteholders shall otherwise
consent in writing (it being understood that the waiver of a breach of any such covenant or agreement shall require the consent of the Special Required Noteholders if such breach constitutes an Event of Default under Section 5.1(d) of the
Indenture or a Servicer Default under Section 9.01(b) of the Pooling and Servicing Agreement), that:

(a) Unless waived in writing by
the Special Required Noteholders, each of the Issuer, the Transferor, the Seller and the Servicer, as applicable, shall perform in all material respects each of the respective agreements and warranties applicable to it under the Related Documents to
which it is a party and comply in all material respects with each of the respective terms and provisions applicable to it under the Related Documents to which it is party, which agreements and warranties are hereby incorporated by reference into
this Agreement as if set forth herein in full;



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(b) The Transferor, the Issuer and the Servicer, as applicable, shall promptly furnish to each Agent and
the Administrative Agent (i) a copy of each certificate, report, statement, notice or other communication furnished by or on behalf of the Transferor, the Issuer or the Servicer, as applicable, to the holders of Notes concurrently therewith,
and (ii) such other information, documents, records or reports respecting the Equipment Loans and Receivables, the Issuer, the Transferor or the Servicer which is in the possession or under the control of the Issuer, the Transferor or the
Servicer, as the case may be, as the Administrative Agent may from time to time reasonably request;

(c) Without limitation of the
provisions of Section 5.1(b) above, the Servicer (with respect to clauses (i), (ii) and (iii) of this Section 5.1(c)) and the Issuer (with respect to clause (iv) of this
Section 5.1(c)) shall furnish to each Agent (i) with respect to each Distribution Date, a copy of the completed Servicers Certificate furnished to each initial Noteholder and the Rating Agencies pursuant to
Section 5.08 of the Pooling and Servicing Agreement, (ii) a copy of each annual certified public accountants reports received by the Indenture Trustee, the Owner Trustee and the Servicer pursuant to Section 5.02(a)
of the Pooling and Servicing Agreement, (iii) a copy of each Officers Certificate of the Servicer furnished to the Indenture Trustee and the Owner Trustee pursuant to Section 5.01(a) of the Pooling and Servicing Agreement and
(iv) a copy of each Opinion of Counsel delivered pursuant to Section 3.6 or Section 12.1 of the Indenture);

(d) Each of the Issuer, the Transferor, the Servicer and the Seller, as applicable, shall furnish to each Agent promptly after known to such party, information with respect to any action, suit or proceeding involving such party or any of
its Affiliates by or before any court or any Governmental Authority which, if adversely determined, would be reasonably likely to result in a material and adverse effect on the transactions contemplated by, or such partys ability to perform
its obligations under, this Agreement or the Related Documents;

(e) From the date hereof until the termination date of this Agreement,
unless waived by the Required Noteholders, each of the Issuer, the Transferor and the Servicer, as applicable, will comply with the provisions set forth in Section 5.03 of the Pooling and Servicing Agreement;

(f) The Transferor and Servicer shall furnish to each Agent, promptly after the occurrence of any Rapid Amortization Event or Event of Default, a
certificate of an appropriate officer of the Transferor setting forth the information provided in the certificate delivered pursuant to Section 4.1(k) of the Indenture;

(g) The Transferor, the Issuer and the Servicer, as applicable, shall comply with the provisions set forth in Section 9.2 of the Indenture;
and

(h) Each statement of the Servicer delivered in accordance with Section 12.1 of the Indenture shall be correct in all
material respects and shall have been prepared, in all material respects, in accordance with the applicable provisions of the Related Documents.



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ARTICLE 6 THE NOTE AGENTS

6.1 Authorization and Action of the Note Agents. (a) Each Note Purchaser hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under
this Agreement, the Indenture, any Transfer and Servicing Agreement and any other Related Documents as are delegated to the Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Each
Note Purchaser in each Purchaser Group hereby appoints and authorizes the Agent for such Purchaser Group as the agent of such Note Purchaser under this Agreement to take such action as agent on its behalf and to exercise such powers under this
Agreement, the Indenture, the Pooling and Servicing Agreement and any other Related Documents as are delegated to such Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Notwithstanding any
provision to the contrary elsewhere in this Agreement, neither any Administrative Agent nor any Agent (the Administrative Agent and each Agent being referred to in this Article as a Note Agent) shall have any duties or
responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Note Purchaser, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or
otherwise exist against any Note Agent. In furtherance, and without limiting the generality of the foregoing, each CP Conduit and each Committed Purchaser hereby appoints the Administrative Agent and the applicable Agent as its agent to execute and
deliver all further instruments and documents, and agrees to take all further action that the Administrative Agent or Agent, as applicable, may deem necessary or appropriate or that a CP Conduit or a Committed Purchaser may reasonably request in
order to perfect, protect or more fully evidence the interests transferred or to be transferred from time to time by the Transferor or the Issuer hereunder, or to enable any of them to exercise or enforce any of their respective rights hereunder.
With respect to actions which are incidental to the actions specifically delegated to any Agent hereunder, such Agent shall not be required to take any such incidental action hereunder, but shall be required to act or to refrain from acting (and
shall be fully protected in acting or refraining from acting) upon the direction of the Administrative Agent or upon the direction of the Note Purchaser in its Purchaser Group; provided, however, no Note Agent shall be required to take
any action hereunder if the taking of such action, in the reasonable determination of such Note Agent, shall be in violation of any applicable law, rule or regulation or contrary to any provision of this Agreement or shall expose such Note Agent to
liability hereunder or otherwise. Each Note Agent shall exercise such rights and powers vested in it by this Agreement, the Indenture, the Pooling and Servicing Agreement and any other Related Documents, and use the same degree of care and skill in
their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such persons own affairs.

(b) No
Note Agent shall be deemed to have knowledge or notice of the occurrence of any breach of this Agreement or the occurrence of any Rapid Amortization Event or Event of Default unless such Note Agent has received notice from the Issuer, the
Transferor, the Servicer, the Indenture Trustee or any Note Purchaser, referring to this Agreement and describing such event. In the event that the Administrative Agent receives such a notice, it shall promptly give notice thereof to each Agent, and
in the event any Agent receives such a notice, it shall promptly give notice thereof to the Note Purchasers in its Purchaser Group. The Administrative Agent and each Agent shall take such action with respect to such event as shall be reasonably
directed by the Required Noteholders; provided, that unless and until such Note



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Agent shall have received such directions, the Administrative Agent or such Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such event as it shall deem advisable in the best interests of the Note Purchasers or of the Note Purchasers in its Purchaser Group, as applicable.

(c) The Administrative Agent shall promptly furnish to each Agent a copy of each certificate, report, statement, notice or other communication furnished
by or on behalf of the Transferor, the Issuer or the Servicer to the Administrative Agent in its capacity as Administrative Agent.

(d) The
Administrative Agent shall not, without the prior written consent of each Agent and each Note Purchaser, agree or consent to any amendment, modification or waiver of any provision of this Agreement, the Transfer and Servicing Agreements or the
Indenture which would in any way (i) reduce, impair or change the timing of payments required to be made by the Transferor, the Issuer or the Servicer or the application of the proceeds of such payments, (ii) increase the Servicing Fee,
(iii) release any material portion of the property subject to the liens provided by the Pooling and Servicing Agreement and the Indenture (other than as expressly contemplated herein or therein) or (iv) permit the appointment of any Person
(other than the Back-up Servicer) as Successor Servicer. No Agent shall agree to any amendment of this Agreement which increases the dollar amount of the commitment of its related Committed Purchaser without the prior consent of such Committed
Purchaser. In addition, each Agent agrees that it shall not agree to any amendment of this Agreement not specifically described in the two preceding sentences without the consent of the Committed Purchasers and the related CP Conduit (if any) in its
Purchaser Group. In the event the Agent requests a Persons consent pursuant to the foregoing provisions and the Agent does not receive a response to such request (either positive or negative) from such Person within 10 Business Days of such
Persons receipt of such request, then such Person (and its percentage interest hereunder) shall be disregarded in determining whether the Agent shall have obtained sufficient consent hereunder.

(e) Each Note Agent may execute any of its duties under any of the Related Documents by or through agents or attorneys-in-fact and shall be entitled to
advice of counsel concerning all matters pertaining to such duties. No Note Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.

(f) The Administrative Agent shall be paid for its own account an annual fee equal to $25,000, payable quarterly in arrears in accordance with the Fee
Letter.

6.2 Note Agents Reliance, Etc. Neither any Note Agent nor any of its directors, officers, agents or employees shall
be liable to any CP Conduit or Committed Purchaser for any action taken or omitted to be taken by it or them as a Note Agent under or in connection with this Agreement, the Indenture, the Transfer and Servicing Agreements or any other Related
Document, except for its or their own gross negligence or willful misconduct. Without limiting the foregoing, each Note Agent: (i) may consult with legal counsel (including counsel for the Transferor, the Issuer or the Servicer), independent
public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (ii) makes no warranty or
representation to any CP Conduit or any Committed Purchaser and shall not be responsible to



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any CP Conduit or any Committed Purchaser for any statements, warranties or representations made in or in connection with this Agreement; (iii) shall
not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement, the Indenture, any Transfer and Servicing Agreement or any other Related Document on the part of the
Transferor, the Issuer or the Servicer or to inspect the property (including the books and records) of the Transferor, the Issuer or the Servicer; (iv) shall not be responsible to any CP Conduit or any Committed Purchaser for the due execution,
legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, the Indenture, any Transfer and Servicing Agreement or any other Related Document or any other instrument or document furnished pursuant hereto or thereto; and
(v) shall incur no liability to any CP Conduit or Committed Purchaser under or in respect of this Agreement, the Indenture, any Transfer and Servicing Agreement or any other Related Document by acting upon any notice (including notice by
telephone), consent, certificate or other instrument or writing (which may be by telex) believed by it to be genuine and signed or sent by the proper party or parties. Each Note Agent shall be fully justified in failing or refusing to take any
action under any of the Related Documents unless it shall first receive such advice or concurrence of the Required Noteholders as it deems appropriate or it shall first be indemnified to its satisfaction by (A) in the case of the Administrative
Agent, the Committed Purchasers or (B) in the case of an Agent, the Committed Purchasers in its Purchaser Group, against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.
The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under any of the Related Documents in accordance with a request of (i) the Required Noteholders (or their Agents), and such request and any
action taken or failure to act pursuant thereto shall be binding upon all present and future Equipment Loan Note Purchasers and Receivables Note Purchasers. Each Agent shall in all cases be fully protected in acting, or in refraining from acting,
under any of the Related Documents in accordance with a request of (i) the Required Noteholders, and such request and any action taken or failure to act pursuant thereto shall be binding upon all present and future Equipment Loan Note
Purchasers or Receivables Note Purchasers in such Purchaser Group.

6.3 Credit Decision. Each CP Conduit and each Committed
Purchaser acknowledges that it has, independently and without reliance upon the Administrative Agent, any of the Administrative Agents Affiliates, any Agent, any other Committed Purchaser or any other CP Conduit and based upon such documents
and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement, the Indenture, any Transfer and Servicing Agreement and any other Related Documents to which it is a party and, if it so determines, to
accept the transfer to its related Agent on its behalf of its interest in the Equipment Loan Note or Receivables Note, as applicable, hereunder. Each CP Conduit and each Committed Purchaser also acknowledges that it will, independently and without
reliance upon the Administrative Agent, any of the Administrative Agents Affiliates, any Agent, any other Committed Purchaser or any other CP Conduit and based on such documents and information as it shall deem appropriate at the time,
continue to make its own decisions in taking or not taking action under this Agreement, the Indenture, any Transfer and Servicing Agreement and any other Related Documents to which it is a party. Except, in the case of a Note Agent, for notices,
reports and other documents received by such Note Agent under Section 5.1, no Note Agent shall have any duty or responsibility to provide any Note Purchaser with any credit or other information concerning the business, operations,
property, condition (financial or otherwise),



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prospects or creditworthiness of the Transferor, the Servicer, the Issuer, the Accounts, the Equipment Loans, the Receivables or the Indenture Trustee which
may come into the possession of such Note Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

6.4
Indemnification of each Note Agent. (i) The Committed Purchasers agree to indemnify the Administrative Agent in its capacity as such (without limiting the obligation (if any) of the Issuer, the Transferor and the Servicer to reimburse
the Administrative Agent for any such amounts), ratably according to their respective Commitments (or, if the Commitments have terminated, Percentage Interests), and (ii) the Committed Purchasers in each Purchaser Group agree to indemnify the
Agent for such Purchaser Group in its capacity as such (without limiting the obligation (if any) of the Issuer, the Transferor and the Servicer to reimburse such Agent for any such amounts), ratably according to their respective Commitments (or, if
the Commitments have terminated, Percentage Interests), in each case from and against any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be
imposed on, incurred by, or asserted against such Note Agent (in its capacity as such) in any way relating to or arising out of this Agreement, the Indenture, the Transfer and Servicing Agreements and the other Related Documents or such action taken
or omitted by such Note Agent hereunder or thereunder, provided that such Committed Purchaser shall not be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from such Note Agents gross negligence or willful misconduct. Without limitation of the foregoing, the Committed Purchasers agree to reimburse such Note Agent, ratably according to their Commitments (or, if the
Commitments have terminated, Percentage Interests), promptly upon demand for any out-of-pocket expenses (including counsel fees) incurred by such Note Agent in connection with the administration, modification, amendment or enforcement (whether
through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, the Indenture, any Transfer and Servicing Agreement and any other Related Documents, to the extent that such
expenses are incurred in the interests of or otherwise in respect of the CP Conduits or the Committed Purchasers hereunder and/or thereunder and to the extent that such Note Agent is not reimbursed for such expenses by the Transferor, the Issuer or
the Servicer. The agreements in this Section 6.4 shall survive the payment of the obligations under this Agreement, including the Equipment Loan Note Principal Balance and the Receivables Note Principal Balance.

6.5 Agents in their Individual Capacity. Each Note Agent and its Affiliates may make loans to, accept deposits from and generally engage in any
kind of business with the Issuer, the Transferor or the Servicer as though such Note Agent were not an agent hereunder. In addition, the Note Purchasers acknowledge that one or more Persons which are Note Agents may act (i) as administrator,
sponsor or agent for one or more CP Conduits and in such capacity act and may continue to act on behalf of each such CP Conduit in connection with its business, and (ii) as the agent for certain financial institutions under the liquidity and
credit enhancement agreements relating to this Agreement to which any one or more CP Conduits is party and in various other capacities relating to the business of any such CP Conduit under various agreements. Any such Person, in its capacity as Note
Agent, shall not, by virtue of its acting in any such other capacities, be deemed to have duties or responsibilities hereunder or be held to a standard of care in connection with the performance of its duties as a Note Agent other than as



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expressly provided in this Agreement. Any Person which is a Note Agent may act as a Note Agent without regard to and without additional duties or liabilities
arising from its role as such administrator or agent or arising from its acting in any such other capacity.

6.6 Successor
Administrative Agent; Successor Agent. The Administrative Agent may resign at any time, effective upon the appointment and acceptance of a successor Administrative Agent as provided below, by giving written notice thereof to each Agent, each CP
Conduit, each Committed Purchaser, the Indenture Trustee, the Issuer, the Transferor and the Servicer. If the Administrative Agent shall resign as Administrative Agent under this Agreement, then the Special Required Noteholders shall appoint from
among the Committed Purchasers a successor administrative agent. If no such successor Administrative Agent shall have been so appointed, and shall have accepted such appointment, within thirty (30) days after the retiring Administrative
Agents giving of notice of resignation, then the retiring Administrative Agent may, on behalf of the Note Purchasers, appoint a successor Administrative Agent with the prior consent of the Agents (which such consent will not be unreasonably
withheld) which such successor Administrative Agent shall be either (i) a commercial bank or other financial institution organized under the laws of the United States or of any state thereof and having a combined capital and surplus of at least
$50,000,000 or (ii) an Affiliate of such a Person of the type described in clause (i). Any Agent may resign at any time, effective upon the appointment and acceptance of a successor Agent as provided below, by giving written notice
thereof to the Note Purchasers in its Purchaser Group, the Administrative Agent and each other Agent, the Indenture Trustee, the Issuer, the Transferor and the Servicer. If an Agent shall resign as Agent under this Agreement, then the Required
Equipment Loan Note Purchasers and the Required Equipment Loan Note Owners or the Required Receivables Note Purchasers and the Required Receivables Note Owners, in each case for the applicable Purchaser Group, shall appoint from among the Committed
Purchasers in such Purchaser Group a successor agent for such Purchaser Group. If no such successor Agent shall have been so appointed, and shall have accepted such appointment, within thirty (30) days after the retiring Agents giving of
notice of resignation, then the retiring Agent may, on behalf of the CP Conduits and the Committed Purchasers in such Purchaser Group, appoint a successor Agent for such group which shall be either (i) a commercial bank or other financial
institution organized under the laws of the United States or of any state thereof and having a combined capital and surplus of at least $50,000,000 or (ii) an Affiliate of such a Person of the type described in clause (i). Upon the
acceptance of any appointment as a Note Agent hereunder by a successor Note Agent, such successor Note Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the applicable retiring Note Agent
accruing after the date of its appointment, and the retiring Note Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Note Agents resignation hereunder as Note Agent, the provisions of this
Article VI shall continue to inure to its benefit as to any actions taken or omitted to be taken by it while it was such Note Agent under this Agreement.

6.7 Payments by an Agent. Unless specifically allocated to a CP Conduit or a Committed Purchaser pursuant to the terms of this Agreement, all amounts received by an Agent on behalf of the related CP Conduit(s)
or Committed Purchasers) shall be paid by such Agent to such CP Conduit(s) or Committed Purchaser(s), as applicable (at the account specified in writing to such Agent) on the Business Day received by such Agent, unless such amounts are received
after 12:00 noon (New York time) on such Business Day, in which case such Agent shall use its reasonable efforts to pay such amounts, on such Business Day, but, in any event, shall pay such amounts not later than 11:00 a.m. (New York time) the
following Business Day.



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ARTICLE 7 SECURITIES LAWS; TRANSFERS

7.1 Transfers of Notes.

(a) Each
Note Purchaser shall execute and deliver to the Issuer and the Transferor on the Closing Date an Investment Letter substantially in the form attached as Exhibit D to the Indenture. Each Note Owner agrees that the interest in the Equipment
Loan Notes or Receivables Notes, as applicable, purchased by it will be acquired for investment only and not with a view to any public distribution thereof, and that such Equipment Loan Note Owner or Receivables Note Owner, as applicable, will not
offer to sell or otherwise dispose of any Equipment Loan Note or Receivables Note, as applicable, acquired by it (or any interest therein) in violation of any of the requirements of the Securities Act or any applicable state or other securities
laws. Each Equipment Loan Note Owner and Receivables Note Owner acknowledges that it has no right to require the Issuer or the Transferor to register, under the Securities Act, as amended, or any other securities law, the Equipment Loan Notes or the
Receivables Notes (or any interest therein) acquired by it pursuant to this Agreement or any Transfer Supplement. Each Equipment Loan Note Owner and Receivables Note Owner hereby confirms and agrees that in connection with any transfer or
syndication by it of an interest in the Equipment Loan Notes or Receivables Notes, as applicable, such Equipment Loan Note Owner or Receivables Note Owner has not engaged and will not engage in a general solicitation or general advertising including
advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by any general solicitation or general
advertising.

(b) Each initial purchaser of an Equipment Loan Note or Receivables Note or any interest therein and any Assignee thereof or
Participant therein shall furnish to the Issuer, the Transferor, the Servicer, the Indenture Trustee, the Administrative Agent, the Agent for its Purchaser Group, and to the Equipment Loan Note Owner or Receivables Note Owner making the Transfer the
applicable forms described in Section 2.4(c).

(c) Any sale, transfer or other disposition (but not Participation, pledge or
hypothecation) (any such non-excluded disposition being referred to herein as a Transfer) of an Equipment Loan Note, Receivables Note or any interest therein may be made only in accordance with this Section 7.1(c),
Section 7.1(e) and the Indenture. Any partial Transfer of an interest in an Equipment Loan Note, a Receivables Note, a Commitment or any Purchaser Percentage by a Committed Purchaser shall be in respect of at least $5,000,000 in the
aggregate, which may be composed of (A) Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, or (B) to the extent in excess of the Equipment Loan Note Principal Balance or Receivables Note Principal
Balance, as applicable, subject to such Transfer, Commitment hereunder. Any Transfer of an interest in an Equipment Loan Note or Receivables Note otherwise permitted by this Section 7.1 will be permitted only if it consists of a pro
rata percentage interest in all payments made with respect to the Note Purchasers interest in such Note. It is expressly understood and agreed that any Transfer of an interest in a Commitment includes the commitment to make Receivables
Advance Increases as well as Equipment Loan



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Advance Increases until the applicable Conversion Date. Unless the Transfer occurs between members of the same Purchaser Group, no Equipment Loan Note or
Receivables Note or any interest therein may be Transferred to any Person (each, a Transferee) unless prior to the Transfer (i) the Transferee shall have executed and delivered to the Administrative Agent, the applicable
Agent, the Issuer, the Transferor and the Servicer an Investment Letter and (ii) the Noteholder making such Transfer or the Transferee shall have paid to the Administrative Agent a processing fee in the amount of $3,500.

Each of the Issuer, the Transferor and the Servicer authorizes each Note Purchaser to disclose to any Transferee and Support Party and to any
prospective Transferee or Support Party which is a Permitted Transferee any and all confidential information in the Note Purchasers possession concerning this Agreement or the Related Documents or concerning the Accounts, the Equipment Loans
or the Receivables, as applicable, or such party which has been delivered to any Agent or such Note Purchaser pursuant to this Agreement or the Related Documents (including information obtained pursuant to rights of inspection granted hereunder) or
which has been delivered to such Note Purchaser by or on behalf of the Issuer, the Transferor or the Servicer in connection with such Note Purchasers credit evaluation of the Accounts, the Equipment Loans or the Receivables, as applicable, the
Issuer, the Transferor or the Servicer prior to becoming a party to, or purchasing an interest in this Agreement, the Equipment Loan Notes or the Receivables Notes.

(d) Each Equipment Loan Note Purchaser or Receivables Note Purchaser may, in accordance with applicable law, at any time grant participations in all or part of its Commitment or its interest in the Equipment Loan
Notes or Receivables Notes, as applicable, including the payments due to it under this Agreement and the Related Documents (each, a Participation), to any Permitted Transferee (each such Permitted Transferee, a
Participant); provided, however, that no Participation shall be granted to any Person (i) until such Person, unless such Person is a member of the same Purchaser Group, shall have executed and delivered to the
Agent, the Issuer, the Transferor and the Servicer an Investment Letter, (ii) unless and until the Agent for such Equipment Loan Note Purchasers Purchaser Group or Receivables Note Purchasers Purchaser Group shall have consented
thereto, and (iii) unless such Participation consists of a pro rata percentage interest in all payments made with respect to such Equipment Loan Note Purchasers or Receivables Note Purchasers beneficial interest (if any) in
the Equipment Loan Notes or Receivable Notes, as applicable. In connection with any such Participation, each Agent for a Purchaser Group shall maintain a register of each Participant of members of its Purchaser Group and the amount of each related
Participation. Each Equipment Loan Note Purchaser and Receivables Note Purchaser hereby acknowledges and agrees that (A) any such Participation will not alter or affect such Equipment Loan Note Purchasers or Receivables Note
Purchasers direct obligations hereunder, and (B) none of the Administrative Agent, the Indenture Trustee, the Transferor, the Issuer or the Servicer shall have any obligation to have any communication or relationship with any Participant.
Each Equipment Loan Note Purchaser, Receivables Note Purchaser and each Participant shall comply with the provisions of Section 2.4(c). No Participant shall be entitled to Transfer all or any portion of its Participation, without the
prior written consent of the Agent for its Purchaser Group and having complied with the requirements set forth in this Section 7.1(d). Each Participant shall be entitled to receive additional amounts and indemnification pursuant to
Sections 2.3, 2.4 and 2.5 as if such Participant were an Equipment Loan Note Purchaser or Receivables Note Purchaser, as



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applicable, and such Sections applied to its Participation; provided, in the case of Section 2.4, that such Participant has complied with
the provisions of Section 2.4(c) as if it were an Equipment Loan Note Purchaser or Receivables Note Purchaser, as applicable. Each Equipment Loan Note Purchaser and Receivables Note Purchaser shall give the Agent for its Purchaser Group
notice of the consummation of any sale by it of a Participation. It shall be a further condition to the grant of any Participation that the Participant shall to the extent such Participant has not otherwise directly provided such forms to the
Servicer and the Indenture Trustee, (i) prior to the date on which the first interest payment is due to such Participant, provide to the Servicer, the Transferor and Indenture Trustee, the forms described in Section 2.4(c) as though
the Participant were an Equipment Loan Note Purchaser or Receivables Note Purchaser, as applicable, and (ii) will provide subsequent forms as described in Section 2.4(c) with respect to such Participant as though it were an
Equipment Loan Note Purchaser or Receivables Note Purchaser, as applicable.

(e) Each Equipment Loan Note Purchaser and Receivables Note
Purchaser may, with the consent of the Agent for its Purchaser Group and in accordance with applicable law and the Indenture, sell or assign (each, an Assignment), to any Permitted Transferee (each, an Assignee)
all or any part of its Commitment (if any) or its interest in the Equipment Loan Notes or the Receivables Notes, as applicable, and its rights and obligations under this Agreement and the Related Documents pursuant to an agreement substantially in
the form attached hereto as Exhibit A (a Transfer Supplement), executed by such Assignee and the Equipment Loan Note Purchaser or the Receivables Note Purchaser, as applicable, and delivered to the Agent for its Purchaser
Group for its acceptance and consent or, in the case of an assignment, participation or pledge by a CP Conduit to a CPC Committed Purchaser within its Purchaser Group, pursuant to its Support Facility documentation; provided, however,
that (i) no Assignment, other than to a member of the same Purchaser Group, shall be effective unless prior to the Assignment the Assignee shall have executed and delivered to the Administrative Agent, the Agent, the Issuer, the Transferor and
the Servicer an Investment Letter, (ii) no assignment or sale by a CPC Committed Purchaser shall be effective without the consent of the CP Conduit in its Purchaser Group and (iii) in no event shall the consent of an Agent be required in
the case of an assignment, participation or pledge by a CP Conduit of its interest in the Equipment Loan Notes or Receivables Notes, as applicable, and its rights and obligations under this Agreement and the Related Documents to any one or more of
the CPC Committed Purchasers in its Purchaser Group. From and after the effective date determined pursuant to such Transfer Supplement, (x) the Assignee thereunder shall be a party hereto and, to the extent provided in such Transfer Supplement,
have the rights and obligations of an Equipment Loan Note Purchaser or Receivables Note Purchaser, as applicable, hereunder and under the Basic Documents as set forth therein and (y) the transferor Equipment Loan Note Purchaser or Receivables
Note Purchaser, as applicable, shall, to the extent provided in such Transfer Supplement, be released from its Commitment and other obligations under this Agreement; provided, however, that after giving effect to each such Assignment,
the obligations released by any such Equipment Loan Note Purchaser or Receivables Note Purchaser, as applicable, shall have been assumed by an Assignee or Assignees. Such Transfer Supplement shall be deemed to amend this Agreement to the extent, and
only to the extent, necessary to reflect the addition of such Assignee and the resulting adjustment of Percentage Interests, Purchaser Percentages or Liquidity Percentages arising from the Assignment. Upon its receipt and acceptance of a duly
executed Transfer Supplement, the Agent for the applicable Purchaser Group (or, in the case of an Assignment by



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which a new Purchaser Group is added to this Agreement, the Administrative Agent) shall on the effective date determined pursuant thereto give notice of such
acceptance to the Administrative Agent, the Issuer, the Transferor, the Servicer and the Indenture Trustee.

Upon instruction to register a
transfer of a Note Purchasers interest in the Equipment Loan Notes or Receivables Notes (or portion thereof) and surrender for registration of transfer of such Note Purchasers Equipment Loan Notes or Receivables Notes, as applicable) (if
applicable) and delivery to the Transferor, the Issuer, the Servicer and the Indenture Trustee of an Investment Letter, executed by the registered owner (and the beneficial owner if it is a Person other than the registered owner), and receipt by the
Indenture Trustee of a copy of the duly executed related Transfer Supplement and such other documents as may be required under this Agreement, such interest in the Equipment Loan Notes (or portion thereof) or the Receivables Notes (or portion
thereof), as applicable, shall be transferred in the records of the Indenture Trustee and the applicable Agent and, if requested by the Assignee, new Equipment Loan Notes or Receivables Notes, as applicable, shall be issued to the Assignee and, if
applicable, the transferor Note Purchaser in amounts reflecting such Transfer as provided in the Indenture. To the extent of any conflict between the provisions of this Section 7.1 and any provisions of Section 2.12 of the
Indenture applicable to Transfers of Equipment Loan Notes or Receivables Notes (or interests therein), the provisions of this Section 7.1 shall control. Successive registrations of Transfers as aforesaid may be made from time to time as
desired, and each such registration of a transfer to a new registered owner shall be noted on the Note Register.

(f) Notwithstanding any
other provision of this Agreement to the contrary, each Note Purchaser may at any time pledge or grant a security interest in all or any portion of its rights or its interest in the Equipment Loan Notes or Receivables Notes, as applicable, or under
this Agreement as collateral to secure obligations of such Note Purchaser to any Federal Reserve Bank, without notice to or consent of the Issuer, the Administrative Agent or any other Person; provided that no such pledge or grant of a
security interest shall release a Note Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Note Purchaser as a party hereto.

(g) Any Note Purchaser shall have the option to change its Investing Office, provided that such Note Purchaser shall continue to be in compliance
with the provisions of Sections 2.4(b) and 2.4(c).

(h) Each Affected Party shall be entitled to receive additional payments
and indemnification pursuant to Sections 2.3, 2.4 and 2.5 as though it were a Note Purchaser and such Section applied to its interest in or commitment to acquire an interest in the Equipment Loan Notes or Receivables Notes, as
applicable; provided that such Affected Party shall not be entitled to additional payments pursuant to (i) Section 2.3 by reason of Regulatory Changes which occurred prior to the date it became an Affected Party or
(ii) Section 2.4 attributable to its failure to satisfy the requirements of Section 2.4(c) as if it were a Note Purchaser, and provided further, that unless such Affected Party is a Permitted Transferee or has
been consented to by the Transferor, such Affected Party shall be entitled to receive additional amounts pursuant to Sections 2.3 or 2.4 only to the extent that its related CP Conduit or assigning Committed Purchaser would have been
entitled to receive such amounts in the absence of the commitment and Support Advances from such Affected Party.



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(i) Each Affected Party claiming increased amounts described in Sections 2.3 or 2.4 shall
furnish, through its related CP Conduit, to the Issuer, the Transferor, the Servicer, the Indenture Trustee, the Administrative Agent and the Agent for the applicable Purchaser Group a certificate setting forth the basis and amount of each request
by such Affected Party for any such amounts referred to in Sections 2.3 or 2.4, such certificate to be conclusive with respect to the factual information set forth therein absent manifest error.

(j) In the event that a CPC Committed Purchaser is a Downgraded Purchaser, the related CP Conduit shall have the right to replace such Committed
Purchaser with a replacement Committed Purchaser consented to by the Transferor (which consent shall not be unreasonably withheld), which Replacement Purchaser shall succeed to the rights of such Committed Purchaser under this
Agreement in respect of its Commitment as a Committed Purchaser, and such Committed Purchaser shall assign such Commitment and its interest in the Equipment Loan Notes or Receivables Notes, as applicable, to such replacement Committed Purchaser in
accordance with the provisions of this Section 7.1; provided, that (A) such Committed Purchaser shall not be replaced hereunder with a new investor until such Committed Purchaser has been paid in full its Percentage Interest
of the Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, and all accrued and unpaid interest thereon by such new investor and all other amounts (including all amounts owing under Sections 2.3 and
2.4) owed to it and to all Participants with respect to such Committed Purchaser pursuant to this Agreement, and (ii) if the Committed Purchaser to be replaced is a Note Agent, a replacement agent shall have been appointed in accordance
with Section 6.6, and the Note Agent to be replaced shall have been paid all amounts owing to it as agent pursuant to this Agreement. For purposes of this subsection, a Committed Purchaser shall be a Downgraded
Purchaser if and so long as the credit rating assigned to its short-term obligations by Moodys or Standard & Poors on the date on which it became a party to this Agreement shall have been reduced or withdrawn, or as
may be otherwise agreed among the Issuer, such Committed Purchaser and the CP Conduit in its Purchaser Group.

Notwithstanding the
foregoing or the provisions of Section 7.1(j), if the Note Purchaser being replaced pursuant to this subsection is a CPC Committed Purchaser, the Replacement Purchaser shall be acceptable to the CP Conduit in its Purchaser Group in its
sole discretion, and it shall be a condition of such replacement that such Replacement Purchaser enter into substitute Support Facilities for those to which the Note Purchaser being replaced is a party on terms mutually acceptable to the parties
thereto. In addition, if the Note Purchaser to be replaced is an Agent or the Administrative Agent, or a CP Conduit which is administered or sponsored by an Agent or the Administrative Agent, it shall be a condition of such replacement that a
replacement Agent or Administrative Agent shall have been appointed in accordance with Section 6.6, and the Agent or Administrative Agent to be replaced shall have been paid all amounts owing to it as Agent or Administrative Agent, as
applicable pursuant to this Agreement.

(k) Without limiting the foregoing, each CP Conduit may, from time to time, with prior or
concurrent notice to the Servicer, in one transaction or a series of transactions, assign all or a portion of its Percentage Interest in the Equipment Loan Note Principal Balance or Receivables Note Principal Balance, as applicable, and its rights
and obligations under this Agreement and any other Basic Document to which it is a party to a Conduit Assignee that is a Permitted Assignee. Upon and to the extent of such assignment by the CP Conduit to a Conduit



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Assignee, (i) such Conduit Assignee shall be the owner of the assigned portion of such Percentage Interest, (ii) the related administrator for such
Conduit Assignee will act as the Agent for such Conduit Assignee, with all corresponding rights and powers, express or implied, granted to the Agent hereunder or under the other Basic Documents, (iii) such Conduit Assignee and its liquidity
support provider(s) and credit support provider(s) and other related parties shall have the benefit of all the rights and protections provided to the CP Conduit and its Support Parties herein and in the other Basic Documents (including any
limitation on recourse against such Conduit Assignee or related parties, any agreement not to file or join in the filing of a petition to commence an insolvency proceeding against such Conduit Assignee, and the right to assign to another Conduit
Assignee as provided in this paragraph), (iv) such Conduit Assignee shall assume all (or the assigned or assumed portion) of the CP Conduits obligations, if any, hereunder or any other Basic Document, and the CP Conduit shall be released
from such obligations, in each case to the extent of such assignment, and the obligations of the CP Conduit and such Conduit Assignee shall be several and not joint, (v) all distributions in respect of such Percentage Interest shall be made to
the applicable agent or Agent, on behalf of the CP Conduit and such Conduit Assignee on a pro rata basis according to their respective interests, (vi) the defined terms and other terms and provisions of this Agreement and the other Basic
Documents shall be interpreted in accordance with the foregoing, and (vii) if requested by the applicable Agent or the Administrative Agent with respect to the Conduit Assignee, the parties will execute and deliver such further agreements and
documents and take such other actions as such Agent or Administrator may reasonably request to evidence and give effect to the foregoing. No assignment by the CP Conduit to a Conduit Assignee of all or any portion of such Percentage Interest shall
in any way diminish the related CPC Committed Purchasers obligations under Section 2.1(d) to purchase any Equipment Loan Initial Advance, Equipment Loan Advance Increase, Receivables Initial Advance or Receivables Advance Increase
not funded by the CP Conduit or such Conduit Assignee or to acquire from the CP Conduit or such Conduit Assignee all or any portion of its Percentage Interest.

7.2 Tax Characterization. It is the intention of the parties hereto that, for purposes of federal, state and local and franchise tax and any other tax measured in whole or in part by income, the Equipment Loan
Notes and Receivables Notes be treated as indebtedness, and the parties hereto agree to so treat, and to take no action inconsistent with such treatment of the Equipment Loan Notes and Receivables Notes (to the extent permitted by law).

ARTICLE 8 MISCELLANEOUS

8.1
Amendments and Waivers. This Agreement may not be amended, supplemented or modified nor may any provision hereof be waived except in accordance with the provisions of this Section 8.1. With the written consent of the Required
Noteholders and the Administrative Agent, each Agent, the Issuer, the Transferor, ALS and the Servicer may, from time to time, enter into written amendments, supplements, waivers or modifications hereto for the purpose of adding any provisions to
this Agreement or changing in any manner the rights of any party hereto or waiving, on such terms and conditions as may be specified in such instrument, any of the requirements of this Agreement; provided, however, that no such
amendment, supplement, waiver or modification shall (i) reduce the amount or extend the maturity of any Equipment Loan Note or Receivables Note or reduce the rate or extend the time of payment of interest thereon, or reduce or extend the timing
of any other amount payable to any Note Purchaser hereunder or



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under the Indenture, in each case without the consent of the Note Purchaser affected thereby, (ii) amend, modify or waive any provision of this
Section 8.1, or, if such amendment would have a material adverse effect on the Equipment Loan Note Purchasers, or would alter the definition of Equipment Loan Note Principal Balance or Equipment Loan Borrowing
Base, or reduce the percentage specified in the definition of Required Equipment Loan Note Owners or Required Equipment Loan Note Purchasers, in each case without the written consent of all Equipment Loan Note
Purchasers, (iii) amend, modify or waive any provision of this Section 8.1, or, if such amendment would have a material adverse effect on the Receivables Note Purchasers, or would alter the definition of Receivables Note
Principal Balance or Receivables Borrowing Base, or reduce the percentage specified in the definition of Required Receivables Note Owners or Required Receivables Note Purchasers, in each case without the
written consent of all Receivables Note Purchasers, (iv) amend, modify or waive any provision of Section 6.1 without the written consent of each Agent affected by such amendment, modification or waiver, (v) amend, modify or
waive any of the provisions of Article 2, Section 6.6 or Section 7.1 without the written consent of each Committed Purchaser and each Primary Purchaser in each Purchaser Group or (vi) amend, modify or waive any of
Sections 2.1, 2.2 or Articles III, IV or VIII (other than Sections 8.12(a), 8.12(b) and 8.16). Any waiver of any provision of this Agreement shall be limited to the provisions specifically set
forth therein for the period of time set forth therein and shall not be construed to be a waiver of any other provision of this Agreement; provided, further, that the signature of the Transferor, the Issuer and ALS shall not be
required for the effectiveness of any amendment which modifies the representations, warranties, covenants or responsibilities of the Servicer at any time when the Servicer is not ALS or any Affiliate of ALS or a successor Servicer is designated
pursuant to Section 8.5.

The Servicer shall provide notice of any amendment, modification or waiver of the provisions of this
Agreement to each of Standard & Poors and Moodys.

An Agent may cast any vote or give any consent or direction under
the Indenture or other Related Documents on behalf of the Note Purchasers in its Purchaser Group if it has been directed to do so by the Required Equipment Loan Note Owners or the Required Receivables Note Owners, as applicable, in such Purchaser
Group.

Notwithstanding anything herein to the contrary, prior to the effectiveness of any amendment, consent (except for any such consent
that is expressly contemplated by the Basic Documents) or waiver pursuant to this Section 8.1 or pursuant to any other Basic Document requesting the consent of all Noteholders or the Required Noteholders to such amendment, consent or
waiver, the Issuer shall have paid (i) to the Administrative Agent a non-refundable fee of $10,000 and (ii) to the consenting Note Purchasers a non-refundable fee of $30,000, which shall be distributed pro rata among the Note
Purchasers.

8.2 Notices.

(a) All notices, requests and demands to or upon the respective parties hereto and all consents required to be given hereunder to be effective shall be in writing (including by telecopy), and, unless otherwise expressly provided herein,
shall be deemed to have been duly given or made when delivered by hand, or, in the case of mail or telecopy notice, when received, addressed as follows or, with respect to an Agent or Note Purchaser, as set forth on the signature pages hereto or in
its respective Transfer Supplement, or to such other address as may be hereafter notified by the respective parties hereto:



|        |  |                                                                                                                                                 
|------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------
|Issuer: |  | Alliance Laundry Equipment Receivables Trust 2009-A c/o Wilmington Trust Company Rodney Square North 1100
North Market Wilmington, DE 19890-0001



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|                |  |                                                                                                                                                                                                   
|--------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|with a copy to: |  | Alliance Laundry Equipment Receivables 2009 LLC Shepard Street and Hall Street Suite 200 Ripon, WI
54971-0990 Attention: Chief Financial Officer Telecopy:
920-748-1629 Confirmation: 920-748-1634
|                | 
|Servicer:       |  | Alliance Laundry Systems LLC Shepard
Street P.O. Box 990 Ripon, WI 54971-0990 Attention: Chief Financial Officer Telecopy: 920-748-1629 Confirmation: 920-748-1634                                
|                | 
|with a copy to: |  | Alliance Laundry Systems LLC Shepard
Street P.O. Box 990 Ripon, WI 54971-0990 Attention: General Counsel Telecopy: 920-748-4334 Confirmation: 920-748-4320                                        
|                | 
|Transferor:     |  | Alliance Laundry Equipment Receivables 2009 LLC c/o
The Corporation Trust Company 1209 Orange Street Wilmington,
Delaware 19801                                                                   
|                | 
|with a copy to: |  | Alliance Laundry Systems LLC Shepard
Street P.O. Box 990 Ripon, WI 54971-0990 Attention: General Counsel Telecopy: 920-748-4334 Confirmation: 920-748-4320                                        



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|                      |  |                                                                                                                                                                                                                             
|--------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|with a copy to:       |  | Ropes & Gray LLP One International Place
Boston, Massachusetts 02110 Attention: Winthrop Minot Telecopy: 617-235-0076 Confirmation: 617-951-7364                                                                            
|                      | 
|Indenture Trustee:    |  | The Bank of New York Mellon 101 Barclay Street, 4 West New York, NY 10286 Attn: Asset Backed Securities
Group/Alliance Laundry Equipment Receivables Series 2009-A/Antonio Vayas Tel: 212-815-8325 Fax: 212-815-2493        
|                      | 
|Administrative Agent: |  | Natixis Financial Products Inc., as Administrative Agent 9 West 57thStreet, 36thFloor New York, NY 10019 Attention: Yazmin Vasconez Telecopy No.: 646-942-2361 Confirmation: 212-891-6176 E-mail:
Agent_group@cm.natixis.com

(b) All payments to be made to the Administrative Agent or any Agent or Note Purchaser hereunder
shall be made in United States dollars and in immediately available funds not later than 11:30 a.m., New York City time, on the date payment is due, and, unless otherwise specifically provided herein, shall be made to the Agent, for the account of
one or more of the Note Purchasers or for its own account, as the case may be. Unless otherwise directed by Natixis, all payments to it, as the Administrative Agent or an Agent shall be made by federal wire to it, at its account (account number
GLA11569 CDF; and account name Natixis FP) maintained at The Bank of New York (ABA # 021 000 018), with telephone notice (including federal wire number) to Rachael Van Wyckhouse (201) 761-6516 or such other account as Natixis may designate in
writing to the Issuer and the Transferor. Unless otherwise directed by BMO, all payments to BMO as an Agent shall be made by federal wire to it, at its account (account number 254580-4; and account reference: Alliance Laundry) maintained at Harris
Trust & Savings Bank (ABA #071000288), with telephone notice (including federal wire number) to Conduit Management Team (312) 461-5353 or such other account as BMO may designate in writing to the Issuer and the Transferor. Unless
otherwise directed by Scotia, all payments to Scotia as an Agent shall be made by federal wire to it, at its account (account number 2158-13; and account reference: Liberty Street Funding LLC) maintained at The Bank of Nova Scotia  New York
Agency (ABA #026-002532, with telephone notice (including federal wire number) to Michael Eden ((212) 225-5007) or such other account as Scotia may designate in writing to the Issuer and the Transferor. Unless otherwise directed by an Agent or Note
Purchaser, all payments to it shall be made by federal wire to the account specified on the signature pages hereto or in the Transfer Supplement by which it became a party hereto (provided, in the case of an account specified in a Transfer
Supplement, that the Administrative Agent, the Transferor, the Issuer, the Servicer or the Indenture Trustee, as the case may be, shall have received notice thereof).



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8.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part
of any party hereto, any right, remedy, power or privilege under any of the Related Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege under any of the Related Documents
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided in the Related Documents are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law.

8.4 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of
the Issuer, the Transferor, ALS, the Servicer, the Administrative Agent, the Agents, the Note Purchasers, any Transferee and their respective successors and permitted assigns, and, to the extent provided herein, to each Indemnitee, Participant and
Support Party and their respective successors and assigns; provided that, except as provided in Section 8.5 or in Section 9.03 of the Pooling and Servicing Agreement, the Issuer, the Transferor and the Servicer may not
assign or transfer any of their respective rights or obligations under this Agreement without the prior written consent of the Special Required Noteholders; provided, further, that (i) in connection with any such assignment the
assignee shall expressly agree in writing to assume all the obligations of the Issuer, the Transferor or the Servicer, as applicable, hereunder and (ii) no such assignment made without the prior written consent of the Required Noteholders shall
relieve the Issuer, the Transferor, ALS or the Servicer, as applicable, of any of its obligations hereunder and provided further that no assignment permitted hereunder shall relieve the Issuer, the Transferor, ALS or the Servicer, as
applicable, from any obligations arising hereunder prior to such assignment (including obligations with respect to breaches of representations and warranties made herein).

8.5 Successors to Servicer. In the event that a transfer of servicing occurs under Section 9.03 of the Pooling and Servicing
Agreement, (i) from and after the effective date of such transfer, the successor servicer (the Successor Servicer) shall be the successor in all respects to the Servicer and shall be responsible for the performance of all
functions to be performed by the Servicer from and after such date, except as provided in the Pooling and Servicing Agreement, and shall be subject to all the responsibilities, duties and liabilities relating thereto placed on the Servicer by the
terms and provisions hereof, and all references in this Agreement to the Servicer shall be deemed to refer to the Successor Servicer, and (ii) as of the date of such transfer, the Successor Servicer shall be deemed to have made with respect to
itself the representations and warranties made in Section 4.2 (with appropriate factual changes); provided, however, that the references to the Servicer contained in Section 5.1 shall be deemed to refer to the
Servicer with respect to responsibilities, duties and liabilities arising out of an act or acts, or omission, or an event or events giving rise to such responsibilities, duties and liabilities and occurring during such time that the Servicer was
Servicer under this Agreement and shall be deemed to refer to the Successor Servicer with respect to responsibilities, duties and liabilities arising out of an act or acts, or omission, or an event or events giving rise to such responsibilities,
duties and liabilities and occurring during such time that the Successor Servicer acts as Servicer under this Agreement; provided, however, to the extent that an obligation to indemnify Indemnitees under Section 2.5 arises
as a result of any act or failure to act of any



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Successor Servicer in the performance of servicing obligations under the Pooling and Servicing Agreement, such indemnification obligation shall be of the
Successor Servicer and not its predecessor.

8.6 Counterparts. This Agreement may be executed by one or more of the parties to this
Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

8.7 Severability. Any provisions of this Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provisions in any other jurisdiction.

8.8 Integration. This Agreement, the Applicable Margin Fee Letter, and the Indenture represent the agreement of the Issuer, the Transferor, the
Servicer, the Administrative Agent, the Agents and the Note Purchasers with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by any party hereto relative to subject matter hereof not
expressly set forth or referred to herein or therein or in the Related Documents.

8.9 Governing. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

8.10 Jurisdiction; Consent to Service of
Process. Each of the parties hereto hereby irrevocably and unconditionally (i) submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court in New York County or federal court of the United States of
America for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment arising out of or relating to this
Agreement; (ii) agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, federal court; (iii) agrees that a final judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law; (iv) consents that any such action or proceeding may be brought in such courts and waives any objection
it may now or hereafter have to the laying of venue of any such action or proceeding in any such court and any objection it may now or hereafter have that such action or proceeding was brought in an inconvenient court, and agrees not to plead or
claim the same; (v) consents to service of process in the manner provided for notices in Section 8.2 (provided that, nothing in this Agreement shall affect the right of any such party to serve process in any other manner
permitted by law); and (vi) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any such action or proceeding any special, exemplary, punitive or consequential damages.

8.11 Termination. This Agreement shall remain in full force and effect until the earlier to occur of (a) the date on which all Commitments
have terminated and the Equipment Loan Note Principal Balance and all accrued interest thereon, the Receivables Note Principal Balance and all accrued interest thereon, and all Additional Amounts have been paid in full or (b) the



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Final Scheduled Distribution Date; provided, that on and after the Receivables Payoff Date, all covenants, agreements, representations and warranties
with respect to the Receivables and the Related Assets with respect thereto shall be of no further force and effect; and provided further, that the provisions of Sections 2.3, 2.4, 2.5, 6.7, 7.2, 8.10,
8.12, 8.15 and 8.16 shall survive termination of this Agreement and any amounts payable to the Administrative Agent, the Agents, the Note Purchasers or any Affected Party thereunder shall remain payable thereto.

8.12 Limited Recourse; No Proceedings.

(a) It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust Company, not individually or personally but solely as the Owner Trustee of the Issuer under the Trust
Agreement, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations,
undertakings and agreements by Wilmington Trust Company but is made and intended for the purpose of binding only the Issuer, (iii) nothing herein contained shall be construed as creating any liability on Wilmington Trust Company, individually
or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under such parties and (iv) under no
circumstances shall Wilmington Trust Company be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the
Issuer under this Agreement or the other Basic Documents.

(b) Each of the Issuer, the Transferor, the Servicer, the Administrative Agent,
each Agent and each Note Purchaser hereby agrees that it shall not institute or join against any CP Conduit any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or state bankruptcy
or similar law, for one year and a day after the latest maturing commercial paper note, medium term note or other debt security issued by such CP Conduit is paid.

(c) Each Agent and each Note Purchaser hereby agrees that it shall not institute or join against the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under
any federal or state bankruptcy or similar law, for one year and a day after the satisfaction of all Outstanding Obligations.

8.13
Survival of Representations and Warranties. All representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement, the purchase of the Equipment Loan Notes hereunder, the purchase of the Receivables Notes hereunder and the termination of this Agreement.

8.14 Effect of Regulatory Change. In the event of any Regulatory Change which results in either (i) a determination that either (x) the Issuer is not a Qualified Special Purpose Entity or (y) or
any CP Conduit is not an entity, in either case that is not required, under generally accepted accounting principals, to consolidate its financial statements with any other entity, or (ii) a cost under Section 2.3, the parties agree
to negotiate in good faith to amend the



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Basic Agreements in order to eliminate the consolidation requirement or effect of such Regulatory Change; provided, however that no party shall
be obligated to take any action (or make any amendments) if in the reasonable opinion of such party any such amendment to the Basic Documents will be unlawful or otherwise disadvantageous or inconsistent with its policies or regulatory restrictions
or result in any liability, unreimbursed cost or expense to such party.

8.15 Waiver of Jury Trial. EACH OF THE ISSUER, THE
TRANSFEROR, THE SERVICER, THE ADMINISTRATIVE AGENT, THE AGENTS AND THE NOTE PURCHASERS HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF,
UNDER, OR IN CONNECTION WITH, THIS AGREEMENT, THE EQUIPMENT LOAN NOTES, THE RECEIVABLES NOTES OR ANY OTHER DOCUMENTS AND INSTRUMENTS EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN),
OR ACTIONS OF THE ISSUER, THE TRANSFEROR, THE SERVICER, THE ADMINISTRATIVE AGENT, THE AGENTS AND THE NOTE PURCHASERS. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THIS AGREEMENT AND FOR NOTE PURCHASERS PURCHASING AN INTEREST
IN THE EQUIPMENT LOAN NOTES OR RECEIVABLES NOTES DESCRIBED HEREIN AND THE ADMINISTRATIVE AGENT AND EACH AGENT AGREEING TO ACT AS SUCH HEREUNDER.

8.16 Excess Funds. A CP Conduit shall be required to make payment of the amounts required to be paid pursuant hereto by such CP Conduit only if the applicable CP Conduit has Excess Funds (as defined below). If the applicable CP
Conduit does not have Excess Funds, the excess of the amount due hereunder over the amount paid shall not constitute a claim (as defined in Section 101(5) of the Bankruptcy Code) against such CP Conduit until such time as such CP
Conduit has Excess Funds. If a CP Conduit does not have sufficient Excess Funds to make any payment due hereunder, then such CP Conduit may pay a lesser amount and make additional payments that in the aggregate equal the amount of the deficiency as
soon as possible thereafter. The term Excess Funds means, at any time, proceeds of commercial paper notes issued, and advances under a Support Facility made, to fund a payment to be made by a CP Conduit hereunder and which are available
to make such payment in accordance with the program documents governing such CP Conduits commercial paper program; provided that in no event will Excess Funds be greater than the excess of (a) the aggregate projected value of the
applicable CP Conduits assets and other property (including cash and cash equivalents), over (b) the sum of (i) the sum of all scheduled payments of principal, interest and other amounts payable on publicly or privately
placed indebtedness of such CP Conduit for borrowed money, plus (ii) the sum of all other liabilities, indebtedness and other obligations of such CP Conduit for borrowed money or owed to any credit or liquidity provider, together with
all unpaid interest then accrued thereon, plus (iii) all taxes payable by such CP Conduit to the Internal Revenue Service, plus (iv) all other indebtedness, liabilities and obligations of such CP Conduit then due and payable,
but the amount of any liability, indebtedness or obligation of such CP Conduit shall not exceed the projected value of the assets to which recourse for such liability, indebtedness or obligation is limited.

[Remainder of page intentionally left blank]



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IN WITNESS WHEREOF, the parties hereto have caused this Note Purchase Agreement to be duly executed by
their respective officers as of the day and year first above written.



ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES TRUST
2009-ABy:

Wilmington Trust Company,not in its individual capacity but solelyas Owner TrusteeBy:Name:Title:ALLIANCE LAUNDRY SYSTEMS LLC, as ServicerBy:Name:

Bruce P. RoundsTitle:

Vice President, Chief Financial OfficerALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2009 LLC, as TransferorBy:Name:

Todd RiceTitle:

Vice President




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| |  | S-1 |  | Note Purchase Agreement



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NATIXIS FINANCIAL PRODUCTS INC., as Administrative AgentBy:Name:Title:By:Name:Title:




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| |  | S-2 |  | Note Purchase Agreement



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NATIXIS EQUIPMENT LOAN PURCHASER GROUPNATIXIS FINANCIAL PRODUCTS INC., as AgentBy:Name:Title:By:Name:Title:Address for Notices:Natixis Financial Products Inc.,9 West 57thStreet, 36thFloor New York, NY 10019 Attention: Yazmin Vasconez Telecopy No.: 646-942-2361 Confirmation: 212-891-6176 E-mail:
Agent_group@cm.natixis.comPayment Instructions:The Bank of New YorkAcct Name: Natixis FP ABA #: 021
000 018 Acct #: GLA11569 CDF Contact: Rachael Van Wyckhouse Telephone: (201) 761-6516 E-mail:
rachael.vanwyckhouse@us.natixis.com




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| |  | S-3 |  | Note Purchase Agreement



---

|                                                                                                             |  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                          |                       |  | 
|------------------------------------------------------------------------------------------------------------ |  |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------- |  | 
|Type of Equipment Loan Note Purchaser: CP
Conduit/ Committed Purchaser Maximum Purchase Amount: $198,000,000 |  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                          | VERSAILLES ASSETS LLC
|                                                                                                             |  |  | By:                                                                                                                                                                                                                                                                                                                                                                                                                                      |                       | 
|                                                                                                             |  |  | Name:                                                                                                                                                                                                                                                                                                                                                                                                                                    |                       | 
|                                                                                                             |  |  | Title:                                                                                                                                                                                                                                                                                                                                                                                                                                   |                       | 
|                                                                                                             |  |  | Address for Notices and Investing
Office:  c/o Natixis Financial Products Inc., 9 West 57thStreet, 36thFloor New York, NY 10019 Attention: Yazmin Vasconez Telephone: 212-891-6176 Fax: 646-942-2361 E-mail: Agent_group@cm.natixis.com  Payment Instructions:  Deutsche Bank Trust Company
Americas Acct Name: CTAS ABA #: 021001033 Acct #: 01419647 Ref. Act.: Versailles Assets: Alliance Laundry Equipment Receivables Trust 2009-A
|                                                                                                             |  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                         
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| |  | S-4 |  | Note Purchase Agreement



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BMO EQUIPMENT LOAN PURCHASER GROUP  BMO CAPITAL MARKETS CORP., as AgentBy:Name:Title:Address for Notices:  BMO Capital Markets Corp. 115 S. LaSalle Street, 13thFloor West Chicago, IL 60603 Attention: Conduit Management Team Telecopy No.: (312) 461-3189 / (312) 294-4908 E-mail:
fundingdesk@bmo.com  Payment Instructions:  Harris Trust & Savings Bank Chicago, IL ABA #: 071000288 Acct #: 254580-4 Acct Name: Fairway Finance Company, LLC Ref.: Alliance Laundry




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| |  | S-5 |  | Note Purchase Agreement



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|                                                                                                            |  |  |                                                                                                                                                                                                                                                                                                                                                                                               |                              |  | 
|----------------------------------------------------------------------------------------------------------- |  |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------- |  | 
|Type of Equipment Loan Note Purchaser: CP
Conduit/ Committed Purchaser Maximum Purchase Amount: $66,000,000 |  |  |                                                                                                                                                                                                                                                                                                                                                                                               | FAIRWAY FINANCE COMPANY, LLC
|                                                                                                            |  |  | By:                                                                                                                                                                                                                                                                                                                                                                                           |                              | 
|                                                                                                            |  |  | Name:                                                                                                                                                                                                                                                                                                                                                                                         |                              | 
|                                                                                                            |  |  | Title:                                                                                                                                                                                                                                                                                                                                                                                        |                              | 
|                                                                                                            |  |  | Address for Notices:  Fairway Finance Company, LLC 115 S. LaSalle Street, 13thFloor West Chicago, IL 60603 Attention: Conduit Management Team Telecopy No.: (312) 461-3189 / (312) 294-4908 E-mail:
fundingdesk@bmo.com  Payment Instructions:  Harris Trust & Savings Bank Chicago, IL ABA #: 071000288 Acct #: 254580-4 Acct Name: Fairway Finance Company, LLC Ref. Act.: Alliance Laundry
|                                                                                                            |  |  |                                                                                                                                                                                                                                                                                                                                                                                              
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| |  | S-6 |  | Note Purchase Agreement



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SCOTIA EQUIPMENT LOAN PURCHASER GROUP  THE BANK OF NOVA SCOTIA, as AgentBy:Name:

Michael EdenTitle:

DirectorAddress for Notices:  The Bank of Nova Scotia One Liberty Plaza, 26thFloor New York, NY 10006 Attention: Michael Eden Telecopy No.: (212) 225-5274 Confirmation:
(212) 225-5007 E-mail: michael_eden@scotiacapital.com  Payment Instructions:  The Bank of Nova Scotia  New York Agency ABA #: 026-002532 Acct #: 2158-13 Ref. Acct.: Liberty Street Funding LLC




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| |  | S-7 |  | Note Purchase Agreement



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|                                                                                       |  |  |        |                                                                                                                                                                                                                                                                                                                                                                      |  | 
|-------------------------------------------------------------------------------------- |  |  | ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
|Type of Equipment Loan Note Purchaser: CP
Conduit Maximum Purchase Amount: $66,000,000 |  |  |        | LIBERTY STREET FUNDING LLC                                                                                                                                                                                                                                                                                                                                          
|                                                                                       |  |  | By:    |                                                                                                                                                                                                                                                                                                                                                                      | 
|                                                                                       |  |  | Name:  |                                                                                                                                                                                                                                                                                                                                                                      | 
|                                                                                       |  |  | Title: |                                                                                                                                                                                                                                                                                                                                                                      | 
|                                                                                       |  |  |        | Address for Notices:  Liberty Street Funding LLC One Liberty Plaza, 26thFloor New York, NY 10006 Attention: Michael Eden Telecopy No.: (212) 225-5274 Confirmation: (212) 225-5007 E-mail: michael_eden@scotiacapital.com  Payment Instructions:  The Bank of Nova Scotia 
New York Agency ABA #: 026-002532 Acct #: 2158-13 Ref. Acct.: Liberty Street Funding LLC
|                                                                                       |  |  |       
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| |  | S-8 |  | Note Purchase Agreement



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|                                                                                   |  |  |                                                                                                                                                                                                                                                                                                                                                                   |                         |              | 
|---------------------------------------------------------------------------------- |  |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------- | ------------ | 
|Type of Equipment Loan Note
Purchaser: Committed Purchaser Commitment:
$66,000,000 |  |  |                                                                                                                                                                                                                                                                                                                                                                   | THE BANK OF NOVA SCOTIA
|                                                                                   |  |  | By:                                                                                                                                                                                                                                                                                                                                                               |                         |             
|                                                                                   |  |  | Name:                                                                                                                                                                                                                                                                                                                                                             |                         | Michael Eden
|                                                                                   |  |  | Title:                                                                                                                                                                                                                                                                                                                                                            |                         | Director    
|                                                                                   |  |  | Address for Notices:  The Bank of Nova Scotia One Liberty Plaza, 26thFloor New York, NY 10006 Attention: Michael Eden Telecopy No.: (212) 225-5274 Confirmation: (212) 225-5007 E-mail: michael_eden@scotiacapital.com  Payment Instructions:  The Bank of Nova Scotia 
New York Agency ABA #: 026-002532 Acct #: 2158-13 Ref. Acct.: Liberty Street Funding LLC
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| |  | S-9 |  | Note Purchase Agreement



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NATIXIS RECEIVABLES PURCHASER GROUPNATIXIS FINANCIAL PRODUCTS INC., as AgentBy:Name:Title:By:Name:Title:Address for Notices:  Natixis Financial Products Inc. 9 West 57thStreet, 36thFloor New York, NY 10019 Attention: Yazmin Vasconez Telephone: 212-891-6176 Fax: 646-942-2361 E-mail:
Agent_group@cm.natixis.com  Payment Instructions:  The Bank of New York Acct Name: Natixis FP ABA #: 021 000 018 Acct #: GLA11569 CDF Contact: Rachael Van Wyckhouse Telephone: (201) 761-6516 E-mail: rachael.vanwyckhouse@us.natixis.com




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| |  | S-10 |  | Note Purchase Agreement



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|                                                                                                         |  |  |        |                                                |  | 
|-------------------------------------------------------------------------------------------------------- |  |  | ------ | ---------------------------------------------- |  | 
|Type of Receivables Note Purchaser: CP
Conduit/ Committed Purchaser Maximum Purchase Amount: $36,000,000 |  |  |        | VERSAILLES ASSETS LLC                         
|                                                                                                         |  |  |        |                                                | 
|                                                                                                         |  |  | By:    |                                                | 
|                                                                                                         |  |  | Name:  |                                                | 
|                                                                                                         |  |  | Title: |                                                | 
|                                                                                                         |  | 
|                                                                                                         |  |  |        | c/o Natixis Financial Products Inc.,          
|                                                                                                         |  |  |        | 9 West 57thStreet, 36thFloor                  
|                                                                                                         |  |  |        | New York, NY 10019                            
|                                                                                                         |  |  |        | Attention: Yazmin Vasconez                    
|                                                                                                         |  |  |        | Telephone: 212-891-6176                       
|                                                                                                         |  |  |        | Fax: 646-942-2361                             
|                                                                                                         |  |  |        | E-mail: Agent_group@cm.natixis.com            
|                                                                                                         |  | 
|                                                                                                         |  |  |        | Payment Instructions:                         
|                                                                                                         |  | 
|                                                                                                         |  |  |        | Deutsche Bank Trust Company Americas          
|                                                                                                         |  |  |        | Acct Name: CTAS                               
|                                                                                                         |  |  |        | ABA #: 021001033                              
|                                                                                                         |  |  |        | Acct #: 01419647                              
|                                                                                                         |  |  |        | Ref. Act.: Versailles Assets: Alliance Laundry
|                                                                                                         |  |  |        | Equipment Receivables Trust 2009-A            



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| |  | ---- |  | -----------------------
| |  | S-11 |  | Note Purchase Agreement



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BMO RECEIVABLES PURCHASER GROUPBMO CAPITAL MARKETS CORP., as AgentBy:Name:Title:Address for Notices:  BMO Capital Markets Corp. 115 S. LaSalle Street, 13thFloor West Chicago, IL 60603 Attention: Conduit Management Team Telecopy No.: (312) 461-3189 / (312) 294-4908 E-mail: fundingdesk@bmo.com  Payment Instructions:  Harris Trust & Savings Bank Chicago, IL ABA #: 071000288 Acct #: 254580-4 Acct Name: Fairway Finance Company, LLC Ref.: Alliance Laundry




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| |  | S-12 |  | Note Purchase Agreement



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|                                                                                                         |  |  |        |                                                                                                                                                                                                                                                                                                                                                                                          |  | 
|-------------------------------------------------------------------------------------------------------- |  |  | ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
|Type of Receivables Note Purchaser: CP
Conduit/ Committed Purchaser Maximum Purchase Amount: $12,000,000 |  |  |        | FAIRWAY FINANCE COMPANY, LLC                                                                                                                                                                                                                                                                                                                                                            
|                                                                                                         |  |  |        |                                                                                                                                                                                                                                                                                                                                                                                          | 
|                                                                                                         |  |  | By:    |                                                                                                                                                                                                                                                                                                                                                                                          | 
|                                                                                                         |  |  | Name:  |                                                                                                                                                                                                                                                                                                                                                                                          | 
|                                                                                                         |  |  | Title: |                                                                                                                                                                                                                                                                                                                                                                                          | 
|                                                                                                         |  | 
|                                                                                                         |  |  |        | Address for Notices:  Fairway Finance Company, LLC 115 S. LaSalle Street, 13thFloor West Chicago, IL 60603 Attention: Conduit Management Team Telecopy No.: (312) 461-3189 / (312) 294-4908 E-mail: fundingdesk@bmo.com  Payment Instructions:  Harris Trust & Savings Bank Chicago, IL ABA #: 071000288 Acct #: 254580-4 Acct Name: Fairway Finance Company, LLC Ref.: Alliance Laundry
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| |  |      |  |                        
| |  | ---- |  | -----------------------
| |  | S-13 |  | Note Purchase Agreement



---

SCOTIA RECEIVABLES PURCHASER GROUPTHE BANK OF NOVA SCOTIA, as
AgentBy:Name:

Michael EdenTitle:

DirectorAddress for Notices:The Bank of Nova Scotia One Liberty Plaza,
26thFloorNew York, NY 10006Attention: Michael EdenTelecopy No.: (212) 225-5274Confirmation: (212) 225-5007E-mail: michael_eden@scotiacapital.comPayment Instructions:The Bank of Nova Scotia  New York Agency ABA #: 026-002532Acct #: 2158-13Ref. Acct.: Liberty Street Funding LLC




| |  |      |  |                        
| |  | ---- |  | -----------------------
| |  | S-14 |  | Note Purchase Agreement



---

|                                                                                    |  |  |       |                                           |  | 
|----------------------------------------------------------------------------------- |  |  | ----- | ----------------------------------------- |  | 
|Type of Receivables Note Purchaser: CP
Conduit Maximum Purchase Amount: $12,000,000 |  |  |       | LIBERTY STREET FUNDING LLC               
|                                                                                    |  |  |       |                                           | 
|                                                                                    |  |  | By:   |                                           | 
|                                                                                    |  |  | Name: |                                           | 
|                                                                                    |  |  |       | Title:                                    |  | 
|                                                                                    |  | 
|                                                                                    |  |  |       | Address for Notices:                     
|                                                                                    |  | 
|                                                                                    |  |  |       | Liberty Street Funding LLC               
|                                                                                    |  |  |       | One Liberty Plaza, 26thFloor             
|                                                                                    |  |  |       | New York, NY 10006                       
|                                                                                    |  |  |       | Attention: Michael Eden                  
|                                                                                    |  |  |       | Telecopy No.: (212) 225-5274             
|                                                                                    |  |  |       | Confirmation: (212) 225-5007             
|                                                                                    |  |  |       | E-mail: michael_eden@scotiacapital.com   
|                                                                                    |  | 
|                                                                                    |  |  |       | Payment Instructions:                    
|                                                                                    |  | 
|                                                                                    |  |  |       | The Bank of Nova Scotia  New York Agency
|                                                                                    |  |  |       | ABA #: 026-002532                        
|                                                                                    |  |  |       | Acct #: 2158-13                          
|                                                                                    |  |  |       | Ref. Acct.: Liberty Street Funding LLC   



| |  |      |  |                        
| |  | ---- |  | -----------------------
| |  | S-15 |  | Note Purchase Agreement



---

|                                                                                |  |  |       |                                           |              |         
|------------------------------------------------------------------------------- |  |  | ----- | ----------------------------------------- | ------------ | --------
|Type of Receivables Note
Purchaser: Committed Purchaser Commitment:
$12,000,000 |  |  |       | THE BANK OF NOVA SCOTIA                  
|                                                                                |  |  |       |                                           |             
|                                                                                |  |  | By:   |                                           |             
|                                                                                |  |  | Name: |                                           | Michael Eden
|                                                                                |  |  |       | Title:                                    |              | Director
|                                                                                |  | 
|                                                                                |  |  |       | Address for Notices:                     
|                                                                                |  | 
|                                                                                |  |  |       | The Bank of Nova Scotia                  
|                                                                                |  |  |       | One Liberty Plaza, 26thFloor             
|                                                                                |  |  |       | New York, NY 10006                       
|                                                                                |  |  |       | Attention: Michael Eden                  
|                                                                                |  |  |       | Telecopy No.: (212) 225-5274             
|                                                                                |  |  |       | Confirmation: (212) 225-5007             
|                                                                                |  |  |       | E-mail: michael_eden@scotiacapital.com   
|                                                                                |  | 
|                                                                                |  |  |       | Payment Instructions:                    
|                                                                                |  | 
|                                                                                |  |  |       | The Bank of Nova Scotia  New York Agency
|                                                                                |  |  |       | ABA #: 026-002532                        
|                                                                                |  |  |       | Acct #: 2158-13                          
|                                                                                |  |  |       | Ref. Acct.: Liberty Street Funding LLC   



| |  |      |  |                        
| |  | ---- |  | -----------------------
| |  | S-16 |  | Note Purchase Agreement



---

EXHIBIT A

FORM OF TRANSFER SUPPLEMENT

TRANSFER SUPPLEMENT, dated as of the date set forth in Item 1 of
Schedule I hereto, among the Transferor [Equipment Loan/Receivables] Note Purchaser set forth in Item 2 of Schedule I hereto (the Transferor [Equipment Loan/Receivables] Note Purchaser), [the Transferor
[Equipment Loan/Receivables] Note Purchasers Related Committed Purchaser set forth in Item 2 of Schedule I hereto (the Transferor Committed Purchaser)], the Purchasing [Equipment Loan/Receivables] Note Purchaser
set forth in Item 3 of Schedule I hereto (the Purchasing [Equipment Loan/Receivables] Note Purchaser), [the Purchasing [Equipment Loan/Receivables] Note Purchasers Related Committed Purchaser set forth in
Item 3 of Schedule I hereto (the Purchasing Committed Purchaser)] and the Agent set forth in Item 4 of Schedule I hereto (in such capacity, the Agent) for the Purchaser Group set forth in
Item 5 of Schedule I hereto.

W I T N E S S E T H:

WHEREAS, this Transfer Supplement is being executed and delivered in accordance with Section 7.1(e) of the Note Purchase Agreement, dated as
of June 26, 2009, among Alliance Laundry Equipment Receivables Trust 2009-A, Alliance Laundry Systems LLC (ALS), Alliance Laundry Equipment Receivables 2009 LLC, the Note Purchasers and the Agents parties thereto and Natixis
Financial Products Inc., as Administrative Agent (as from time to time amended, supplemented or otherwise modified in accordance with the terms thereof, the Note Purchase Agreement; unless otherwise defined herein, terms defined
in the Note Purchase Agreement are used herein as therein defined);

WHEREAS, the Purchasing [Equipment Loan/Receivables] Note Purchaser
(if it is not already an [Equipment Loan/Receivables] Note Purchaser party to the Note Purchase Agreement) wishes to become [an Equipment Loan/a Receivables] Note Purchaser party to the Note Purchase Agreement and the Purchasing [Equipment
Loan/Receivables] Note Purchaser wishes to acquire and assume from the Transferor [Equipment Loan/Receivables] Note Purchaser, certain of the rights, obligations and commitments under the Note Purchase Agreement;

[WHEREAS, the Purchasing Committed Purchaser agrees to assume from the Transferor Committed Purchaser certain Commitment Amounts under the Note Purchase
Agreement;] and

WHEREAS, the Transferor [Equipment Loan/Receivables] Note Purchaser wishes to sell and assign to the Purchasing [Equipment
Loan/Receivables] Note Purchaser, certain of its rights, obligations and commitments under the Note Purchase Agreement [and the Transferor Committed Purchaser wishes to sell and assign to the Purchasing Committed Purchaser, certain of its rights,
obligations and commitments under the Note Purchase Agreement].



Exhibit A-1



---

NOW, THEREFORE, the parties hereto hereby agree as follows:

(a) Upon receipt by the Agent of five counterparts of this Transfer Supplement, to each of which is attached a fully completed Schedule I and
Schedule II, each of which has been executed by the Transferor [Equipment Loan/Receivables] Note Purchaser, [the Transferor Committed Purchaser], the Purchasing [Equipment Loan/Receivables] Note Purchaser, [the Purchasing Committed Purchaser]
and the Agent, the Agent will transmit to the Administrative Agent, Servicer, the Issuer, the Transferor, the Indenture Trustee, the Transferor [Equipment Loan/Receivables] Note Purchaser, [the Transferor Committed Purchaser,] the Purchasing
[Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed Purchaser] a Transfer Effective Notice, substantially in the form of Schedule III to this Transfer Supplement (a Transfer Effective Notice). Such
Transfer Effective Notice shall be executed by the Agent and shall set forth, inter alia, the date on which the transfer effected by this Transfer Supplement shall become effective (the Transfer Effective Date). From
and after the Transfer Effective Date [the Purchasing [Equipment Loan/Receivables] Note Purchaser shall be an Equipment Loan/a Receivables] Note Purchaser party to the Note Purchase Agreement for all purposes thereof as a CP Conduit [and the
Purchasing Committed Purchaser shall be [an Equipment Loan/a Receivables] Note Purchaser party to the Note Purchase Agreement for all purposes thereof as a Committed Purchaser], as specified on Schedule II to this Transfer Supplement.

(b) At or before 12:00 Noon, local time of the Transferor [Equipment Loan/Receivables] Note Purchaser, on the Transfer Effective Date, the
Purchasing [Equipment Loan/Receivables] Note Purchaser shall pay to the Transferor [Equipment Loan/Receivables] Note Purchaser, in immediately available funds, an amount equal to the purchase price, as agreed between the Transferor [Equipment
Loan/Receivables] Note Purchaser and such Purchasing [Equipment Loan/Receivables] Note Purchaser (the Purchase Price), of the portion set forth on Schedule II hereto being purchased by such Purchasing [Equipment
Loan/Receivables] Note Purchaser of the outstanding [Equipment Loan/Receivables] Note Principal Balance under the [Equipment Loan/Receivables] Note owned by the Transferor [Equipment Loan/Receivables] Note Purchaser (such Purchasing [Equipment
Loan/Receivables] Note Purchasers Purchaser Percentage) and other amounts owing to the Transferor [Equipment Loan/Receivables] Note Purchaser under the Note Purchase Agreement or otherwise in respect of the [Equipment
Loan/Receivables] Notes. Effective upon receipt by the Transferor [Equipment Loan/Receivables] Note Purchaser of the Purchase Price from the Purchasing [Equipment Loan/Receivables] Note Purchaser, the Transferor [Equipment Loan/Receivables] Note
Purchaser hereby irrevocably sells, assigns and transfers to the Purchasing [Equipment Loan/Receivables] Note Purchaser, without recourse, representation or warranty, and the Purchasing [Equipment Loan/Receivables] Note Purchaser hereby irrevocably
purchases, takes and assumes from the Transferor [Equipment Loan/Receivables] Note Purchaser, the Purchasing [Equipment Loan/Receivables] Note Purchasers Purchaser Percentage of (i) the presently outstanding [Equipment Loan/Receivables]
Note Principal Balance under the [Equipment Loan/Receivables] Notes owned by the Transferor [Equipment Loan/Receivables] Note Purchaser and other amounts owing to the Transferor [Equipment Loan/Receivables] Note Purchaser in respect of the
[Equipment Loan/Receivables] Notes, together with all instruments, documents and collateral security pertaining thereto, and (ii) the Purchasing [Equipment Loan/Receivables] Note Purchasers Purchaser Percentage of the Purchaser Percentage
of the



Exhibit A-2



---

Transferor [Equipment Loan/Receivables] Note Purchaser and the other rights and duties of the Transferor [Equipment Loan/Receivables] Note Purchaser under
the Note Purchase Agreement. [Effective upon the Transfer Effective Date, the Transferor Committed Purchaser hereby irrevocably sells, assigns, and transfers to the Purchasing Committed Purchaser, without recourse, representation or warranty, and
the Purchasing Committed Purchaser hereby irrevocably purchases, takes and assumes from the Transferor Committed Purchaser, the Liquidity Percentage and the Commitment of the Transferor Committed Purchaser and other rights, duties and obligations of
the Transferor Committed Purchaser under the Note Purchase Agreement.] This Transfer is intended by the parties hereto to effect a purchase by the Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed Purchaser] and a
sale by the Transferor [Equipment Loan/Receivables] Note Purchaser [and the Transferor Committed Purchaser] of interests in the [Equipment Loan/Receivables] Notes, and it is not to be construed as a loan or a commitment to make a loan by the
Purchasing [Equipment Loan/Receivables] Note Purchaser [or the Purchasing Committed Purchaser] to the Transferor [Equipment Loan/Receivables] Note Purchaser [or the Transferor Committed Purchaser]. The Transferor [Equipment Loan/Receivables] Note
Purchaser hereby confirms that the amount of the [Equipment Loan/Receivables] Note Principal Balance is $and its Percentage Interest thereof is %, which equals
$as of , 200. Upon and after the Transfer Effective Date (until further modified in accordance
with the Note Purchase Agreement), the Purchaser Percentage or Liquidity Percentage, as applicable of the Transferor [Equipment Loan/Receivables] Note Purchaser and the Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Commitment and
the Liquidity Percentage of the Transferor Committed Purchaser and the Purchasing Committed Purchaser] shall be as set forth in Schedule II to this Transfer Supplement.

(c) The Transferor [Equipment Loan/Receivables] Note Purchaser [and the Transferor Committed Purchaser] has made arrangements with the Purchasing
[Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed Purchaser] with respect to (i) the portion, if any, to be paid, and the date or dates for payment, by the Transferor [Equipment Loan/Receivables] Note Purchaser [or the
Transferor Committed Purchaser] to the Purchasing [Equipment Loan/Receivables] Note Purchaser [or Purchasing Committed Purchaser] of any fees heretofore received by the Transferor [Equipment Loan/Receivables] Note Purchaser [or the Transferor
Committed Purchaser] pursuant to the Note Purchase Agreement prior to the Transfer Effective Date and (ii) the portion, if any, to be paid, and the date or dates for payment, by the Purchasing [Equipment Loan/Receivables] Note Purchaser [or the
Purchasing Committed Purchaser] to the Transferor [Equipment Loan/Receivables] Note Purchaser [or the Transferor Committed Purchaser] of fees or interest received by the Purchasing [Equipment Loan/Receivables] Note Purchaser [or the Purchasing
Committed Purchaser] pursuant to the Note Purchase Agreement or otherwise in respect of the [Equipment Loan/Receivables] Notes from and after the Transfer Effective Date.

(d)    (i) All principal payments that would otherwise be payable from and after the Transfer Effective Date to or for the account of the Transferor [Equipment Loan/Receivables] Note Purchaser in
respect of the [Equipment Loan/Receivables] Notes shall, instead, be payable to or for the account of the Transferor [Equipment Loan/Receivables] Note Purchaser and the Purchasing [Equipment Loan/Receivables] Note Purchaser, as the case may be, in
accordance with their respective interests as reflected in this Transfer Supplement.



Exhibit A-3



---

(ii) All interest, fees and other amounts that would otherwise accrue for the account of the Transferor
[Equipment Loan/Receivables] Note Purchaser [or the Transferor Committed Purchaser] from and after the Transfer Effective Date pursuant to the Note Purchase Agreement or in respect of the [Equipment Loan/Receivables] Notes shall, instead, accrue for
the account of, and be payable to or for the account of, the Transferor [Equipment Loan/Receivables] Note Purchaser, [the Transferor Committed Purchaser,] the Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed
Purchaser], as the case may be, in accordance with their respective interests as reflected in this Transfer Supplement. In the event that any amount of interest, fees or other amounts accruing prior to the Transfer Effective Date was included in the
Purchase Price paid by the Purchasing [Equipment Loan/Receivables] Note Purchaser, the Transferor [Equipment Loan/Receivables] Note Purchaser and the Purchasing [Equipment Loan/Receivables] Note Purchaser will make appropriate arrangements for
payment by the Transferor [Equipment Loan/Receivables] Note Purchaser to the Purchasing (Equipment Loan/Receivables] Note Purchaser of such amount upon receipt thereof from the Agent.

(e) Concurrently with the execution and delivery hereof, the Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed
Purchaser] will deliver to the Agent, the Transferor and the Issuer an executed Investment Letter in the form of Exhibit D to the Indenture and the forms, if any, required by Section 2.4(c) of the Note Purchase Agreement.

(f) Each of the parties to this Transfer Supplement agrees and acknowledges that (i) at any time and from time to time upon the
written request of any other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Transfer Supplement, and (ii) the
Agent shall apply each payment made to it under the Note Purchase Agreement, whether in its individual capacity or as Agent, in accordance with the provisions of the Note Purchase Agreement, as appropriate.

(g) By executing and delivering this Transfer Supplement, the Transferor [Equipment Loan/Receivables] Note Purchaser, [the Transferor Committed
Purchaser,] the Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed Purchaser] confirm to and agree with each other, the Agent and the [Equipment Loan/Receivables] Note Purchasers as follows: (i) other than the
representation and warranty that it is the legal and beneficial owner of the interest being assigned hereby free and clear of any adverse claim, the Transferor [Equipment Loan/Receivables] Note Purchaser [and the Transferor Committed Purchaser] make
no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Note Purchase Agreement or the Related Documents or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of the Note Purchase Agreement or any other instrument or document furnished pursuant thereto; (ii) the Transferor [Equipment Loan/Receivables] Note Purchaser [and the Transferor Committed
Purchaser] make no representation or warranty and assumes no responsibility with respect to the Issuer, the financial condition of the [Equipment Loan/Receivables], the Accounts, the Issuer, ALS, the Transferor or the Indenture Trustee, or the
performance or observance by the Issuer, ALS, the Transferor or the Indenture Trustee of any of their respective obligations under the Note Purchase Agreement or



Exhibit A-4



---

any Related Document or any other instrument or document furnished pursuant hereto; (iii) the Purchasing [Equipment Loan/Receivables] Note Purchaser
[and the Purchasing Committed Purchaser] confirms that it has received a copy of such documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Transfer Supplement; (iv) each
Purchasing [Equipment Loan/Receivables] Note Purchaser will, independently and without reliance upon the Administrative Agent, any Agent (as defined in the Note Purchase Agreement) the Transferor [Equipment Loan/Receivables] Note Purchaser, [the
Transferor Committed Purchaser] or any other [Equipment Loan/Receivables] Note Purchaser and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Note Purchase Agreement or the Related Documents; (v) each Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed Purchaser] appoints and authorizes the Agent and the Administrative Agent to take such
action as agent on its behalf and to exercise such powers under the Note Purchase Agreement and the Related Documents as are delegated to the Agent or the Administrative Agent, as the case may be, by the terms thereof, together with such powers as
are reasonably incidental thereto, all in accordance with Section 6.1 of the Note Purchase Agreement; and (vi) the Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed Purchaser] agrees (for the
benefit of the Transferor [Equipment Loan/Receivables] Note Purchaser, the Administrative Agent, the Agents (as defined in the Note Purchase Agreement), the [Equipment Loan/Receivables] Note Purchasers, the Indenture Trustee, the Servicer, the
Transferor and the Issuer) that it will perform in accordance with their terms all of the obligations which by the terms of the Note Purchase Agreement are required to be performed by it as an [Equipment Loan/Receivables] Note Purchaser.

(h) Schedule II hereto sets forth the revised Purchaser Percentage or the revised Liquidity Percentage, if applicable, and Commitment of the
Transferor [Equipment Loan/Receivables] Note Purchaser [and the Transferor Committed Purchaser], and the Purchaser Percentage or the Liquidity Percentage, if applicable, Commitment and the initial Investing Office of the Purchasing [Equipment
Loan/Receivables] Note Purchaser, as well as administrative information with respect to the Purchasing [Equipment Loan/Receivables] Note Purchaser [and the Purchasing Committed Purchaser].

(i) THIS TRANSFER SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

IN WITNESS WHEREOF, the parties hereto have caused this Transfer Supplement to be executed by their respective duly authorized officers on
Schedule I hereto as of the date set forth in Item 1 of Schedule I hereto.



Exhibit A-5



---

SCHEDULE I TO

TRANSFER SUPPLEMENT

COMPLETION OF INFORMATION AND

SIGNATURES FOR TRANSFER SUPPLEMENT



|        |  |                                                                                          |  |                                                                                                                                                                                                                                                                                                                             
|------- |  | ---------------------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |  | Re:                                                                                      |  | Note Purchase Agreement, dated as of June 26, 2009, among Alliance Laundry Equipment Receivables Trust 2009-A, Alliance Laundry Systems LLC, Alliance Laundry Equipment Receivables 2009
LLC, the Equipment Loan Note Purchasers and the Agents parties thereto and Natixis Financial Products Inc., as Administrative Agent
|        | 
|Item 1: |  | Date of Transfer Supplement:                                                            
|        | 
|Item 2: |  | Transferor [Equipment Loan/Receivables] Note Purchaser: [Transferor Committed Purchaser]
|        | 
|Item 3: |  | Purchasing [Equipment Loan/Receivables] Note Purchaser: [Purchasing Committed Purchaser]
|        | 
|Item 4: |  | Name of Agent:                                                                          
|        | 
|Item 5: |  | Name of Purchaser Group:                                                                
|        | 
|Item 6: |  | Signatures of Parties to Agreement:                                                     



as Transferor [Equipment Loan/Receivables] Note PurchaserBy:Name:Title:[as Transferor Committed Purchaser]By:Name:Title:




Exhibit A-6



---

as Purchasing [Equipment Loan/Receivables] Note PurchaserBy:Name:Title:[as Purchasing Committed Purchaser]By:Name:Title:




|                                                               |  | 
|-------------------------------------------------------------- |  | 
|ACKNOWLEDGED BY:                                              
|                                                              
|NATIXIS FINANCIAL PRODUCTS INC.,as Administrative Agent       
|                                                               | 
|By:                                                            |  | 
|Name:                                                          |  | 
|Title:                                                         |  | 
|                                                              
|ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2009 LLC, as Transferor
|                                                               | 
|By:                                                            |  | 
|Name:                                                          |  | 
|Title:                                                         |  | 



Exhibit A-7



---

SCHEDULE II TO

TRANSFER SUPPLEMENT

LIST OF INVESTING OFFICES, ADDRESSES

FOR NOTICES, ASSIGNED INTERESTS AND

PURCHASE AND LIQUIDITY PERCENTAGES



|                                                         |  |                                                                                                        |  |   |  |  
|-------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------ |  | - |  | -
|[Transferor [Equipment Loan/Receivables] Note Purchaser]
|                                                         |  |                                                                                                       
|[Transferor Committed Purchaser]                         |  |                                                                                                        |  |  
|                                                         | 
|A.                                                       |  | Type of Purchaser: [CP Conduit/Committed Purchaser]                                                   
|                                                         | 
|B.                                                       |  | Purchaser Percentage:                                                                                 
|                                                         |  |                                                                                                       
|                                                         |  | Transferor Note Purchaser Purchaser Percentage Prior to Sale:                                          |  | %
|                                                         |  |                                                                                                       
|                                                         |  | Purchaser Percentage Sold:                                                                             |  | %
|                                                         |  |                                                                                                       
|                                                         |  | Purchaser Percentage Retained:                                                                         |  | %
|                                                         |  |                                                                                                       
|C.                                                       |  | Commitment (if applicable)                                                                             |  |  
|                                                         |  |                                                                                                       
|                                                         |  | Transferor Committed Purchasers Commitment Prior to Sale:                                             |  | $
|                                                         |  |                                                                                                       
|                                                         |  | Commitment Sold:                                                                                       |  | $
|                                                         |  |                                                                                                       
|                                                         |  | Commitment Retained:                                                                                   |  | $
|                                                         |  | Related CP Conduit (applicable to CPC Committed Purchaser): _________                                  |  |  
|                                                         |  |                                                                                                       
|D.                                                       |  | Related CPC Committed Purchasers (applicable to CP Conduit if CP Conduit is not a Committed Purchaser) |  |  
|                                                         |  | Committed Purchasers, Commitments and Liquidity Percentages prior to Sale:                             |  |  
|                                                         |  |                                                                                                        | 
|                                                         |  |                                                                                                        |  | $ |  | %
|                                                         |  |                                                                                                        | 
|                                                         |  |                                                                                                        |  | $ |  | %
|                                                         |  |                                                                                                        | 
|                                                         |  |                                                                                                        |  | $ |  | %



Exhibit A-8



---

|                                                         |  |                                                                                                                           |  |   |  |   |  | 
|-------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------- |  | - |  | - |  | 
|E.                                                       |  | [Equipment Loan/Receivables] Note Principal Balance:                                                                      |  |  
|                                                         |  |                                                                                                                          
|                                                         |  | Transferor [Equipment Loan/Receivables] Note Purchaser [Equipment Loan/Receivables] Note Principal Balance Prior to Sale: |  | $
|                                                         |  |                                                                                                                          
|                                                         |  | [Equipment Loan/Receivables] Note Principal Balance Sold:                                                                 |  | $
|                                                         |  |                                                                                                                          
|                                                         |  | [Equipment Loan/Receivables] Note Principal Balance Retained:                                                             |  | $
|                                                         |  |                                                                                                                          
|[Purchasing [Equipment Loan/Receivables] Note Purchaser] |  |                                                                                                                           |  |  
|                                                         |  |                                                                                                                           | 
|[Purchasing Committed Purchaser]                         |  |                                                                                                                           |  |   |  |  
|                                                         |  |                                                                                                                          
|A.                                                       |  | Type of Purchaser: [CP Conduit/Committed Purchaser]                                                                       |  |  
|                                                         |  |                                                                                                                          
|B.                                                       |  | Purchaser Percentage:                                                                                                     |  |  
|                                                         | 
|                                                         |  | Transferee [Equipment Loan/Receivables] Note Purchaser                                                                   
|                                                         |  | Purchaser Percentage After Sale:                                                                                          |  | %
|                                                         |  |                                                                                                                          
|C.                                                       |  | Commitment (if applicable)                                                                                                |  |  
|                                                         | 
|                                                         |  | Transferee [Equipment Loan/Receivables] Note Purchaser Commitment After Sale:                                            
|                                                         |  |                                                                                                                          
|                                                         |  |                                                                                                                           |  | $
|                                                         |  |                                                                                                                          
|                                                         |  | Related CP Conduit (applicable to CPC Committed Purchaser):                                                               |  |  
|                                                         |  |                                                                                                                          
|D.                                                       |  | Related CPC Committed Purchasers (applicable to CP Conduit if CP Conduit is not a Committed Purchaser)                    |  |  
|                                                         |  | Committed Purchasers, Commitments and Liquidity Percentages after Sale:                                                   |  |  
|                                                         |  |                                                                                                                           | 
|                                                         |  |                                                                                                                           |  | $ |  | %
|                                                         |  |                                                                                                                           | 
|                                                         |  |                                                                                                                           |  | $ |  | %
|                                                         |  |                                                                                                                           | 
|                                                         |  |                                                                                                                           |  | $ |  | %
|                                                         |  |                                                                                                                          
|E.                                                       |  | [Equipment Loan/Receivables] Note Principal Balance:                                                                      |  |  
|                                                         |  |                                                                                                                          
|                                                         |  | Transferee [Equipment Loan/Receivables] Note Purchaser                                                                    |  |  



Exhibit A-9



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|                     |  |                                                                 |  |  
|-------------------- |  | --------------------------------------------------------------- |  | -
|                     |  | [Equipment Loan/Receivables] Note Principal Balance After Sale: |  | $
|                     | 
|Address for Notices: |  |                                                                
|                     | 
|Investing Office:    |  |                                                                



Exhibit A-10



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SCHEDULE III TO

TRANSFER SUPPLEMENT

Form of

Transfer Effective Notice



|    |  |                                                                                                                                                                                                                                                                               
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|To: |  | [Name and address of Issuer, Transferor, Servicer, Indenture Trustee, Administrative Agent, Transferor [Equipment Loan/Receivables] Note Purchaser, Transferor Committed Purchaser, Purchasing
[Equipment Loan/Receivables] Note Purchaser and Purchasing Committed Purchaser]

The undersigned, as Agent under the Note Purchase Agreement, dated as of June 26, 2009, among
Alliance Laundry Equipment Receivables Trust 2009-A, Alliance Laundry Systems LLC, Alliance Laundry Equipment Receivables 2009 LLC, the Note Purchasers and the Agents parties thereto and Natixis Financial Products Inc., as Administrative Agent,
acknowledges receipt of five executed counterparts of a completed Transfer Supplement. [Note: attach copies of Schedules I and II from such Agreement.] Terms defined in such Transfer Supplement are used herein as therein defined.

Pursuant to such Transfer Supplement, you are advised that the Transfer Effective Date will be
, .



Very truly yours,, as AgentBy:Name:Title:




Exhibit A-11



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EXHIBIT B

FORM OF

ADVANCE INCREASE NOTICE

[Date]

The Bank of New York Mellon,

as Indenture Trustee





Alliance Laundry Systems LLC,

as
Servicer





Alliance Laundry Equipment Receivables 2009 LLC,

as Transferor





Natixis Financial Products Inc.,

as
Administrative Agent

9 West 57thStreet, 36thFloor

New York, NY 10019

Attention: Yazmin Vasconez



|    |  |                                                                                           
|--- |  | ------------------------------------------------------------------------------------------
|RE: |  | Alliance Laundry Equipment Receivables Trust 2009-A Equipment Loan Notes Receivables Notes

Ladies and Gentlemen:

Pursuant to (a) the Indenture, dated as of June 26, 2009, by and between Alliance Laundry Equipment Receivables Trust 2009-A (the Issuer) and The Bank of New York Mellon, as Indenture
Trustee, and (b) the Note Purchase Agreement dated as of June 26, 2009 (the Note Purchase Agreement), among the Issuer, Alliance, as Servicer, Alliance Laundry Equipment Receivables 2009 LLC, as Transferor, the Note
Purchasers and the Agents parties thereto and Natixis Financial Products Inc., as Administrative Agent, the Issuer hereby irrevocably requests a [Equipment Loan Advance Increase/Receivables Advance Increase] as follows. Terms used herein are used as
defined in or for purposes of the Note Purchase Agreement.



Exhibit B-1



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|   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|-- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   | 
|1. |  | The requested amount of such [Equipment Loan/Receivables] Advance Increase is $.                                                                                                                                                                                                                                                                                                                                                                                        
|   | 
|2. |  | The date of such [Equipment Loan/Receivables] is to occur is
 (the [Equipment Loan/Receivables] Borrowing Date).                                                                                                                                                                                                                                                                                                                                                      
|   | 
|3. |  | All conditions precedent to such [Equipment Loan/Receivables] Advance Increase described in clauses (a) through (o) of Section 3.2 of the Note Purchase Agreement have
been satisfied.                                                                                                                                                                                                                                                                                  
|   | 
|4. |  | The purchases of the [Equipment Loan/Receivables] Advance Increase to be purchased on the [Equipment Loan/Receivables] Borrowing Date will not cause a Rapid Amortization Event or an event
that, after the giving of notice of the lapse of time (or both), would cause a Rapid Amortization Event.                                                                                                                                                                    
|   | 
|5. |  | The proceeds of such [Equipment Loan/Receivables] Advance Increase shall be remitted on the [Equipment Loan/Receivables] Borrowing Date in immediately available funds to [specify payment
instructions].                                                                                                                                                                                                                                                               
|   | 
|6. |  | After giving effect to the [Equipment Loan/Receivables] Advance Increase, the [Equipment Loan/Receivables] Note Principal Balance shall be equal to or less than the [Equipment
Loan/Receivables] Facility Limit.                                                                                                                                                                                                                                                       
|   | 
|7. |  | [After giving effect to the Equipment Loan Advance Increase, the Equipment Loan Note Principal Balance shall be equal to or less than the Equipment Loan Borrowing Base as set forth in the
Borrowing Base Certificate attached hereto.] [After giving effect to the Receivables Advance Increase, the Receivables Note Principal Balance shall be equal to or less than the Receivables Borrowing Base as set forth in the Borrowing Base
Certificate attached hereto.]
|   | 
|8. |  | Payments shall be made by federal wire to it, at its account (account number []; and account name
[]) maintained at [] (ABA #
[]), with telephone notice (including federal wire number) to [] of
[] (--).                                                                                                                                                                                                                                                              
|   | 
|   |  | [Remainder of page intentionally left blank.]                                                                                                                                                                                                                                                                                                                                                                                                                           



2



---

Very truly yours,ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES TRUST 2009-A, as IssuerBy:

Alliance Laundry Equipment Receivables 2009 LLC, not in its individual capacity but solely as Administrator of the IssuerBy:Name:Title:ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2009 LLC, as TransferorBy:Name:Title:




Exhibit B-3



---

[Borrowing Base Certificate to be attached]



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SCHEDULE IV

CAP NOTIONAL SCHEDULE