EX-10.1



 Exhibit 10.1 

PURCHASE AGREEMENT 

between 
 AFS SENSUB
CORP. 
 Purchaser 

and 
 AMERICREDIT
FINANCIAL SERVICES, INC. 
 Seller 

Dated as of             , 20        








 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS
	  	 	1	  
			
	 SECTION 1.1
	 	General	  	 	1	  
	 SECTION 1.2
	 	Specific Terms	  	 	1	  
	 SECTION 1.3
	 	Usage of Terms	  	 	3	  
	 SECTION 1.4
	 	[Reserved]	  	 	3	  
	 SECTION 1.5
	 	No Recourse	  	 	3	  
	 SECTION 1.6
	 	Action by or Consent of Noteholders and Certificateholder	  	 	3	  
		
	 ARTICLE II. CONVEYANCE OF THE RECEIVABLES AND THE OTHER CONVEYED PROPERTY
	  	 	4	  
			
	 SECTION 2.1
	 	Conveyance of the [Initial] Receivables and the [Initial] Other Conveyed Property	  	 	4	  
	 SECTION 2.2
	 	[Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property]	  	 	5	  
		
	 ARTICLE III. REPRESENTATIONS AND WARRANTIES
	  	 	5	  
			
	 SECTION 3.1
	 	Representations and Warranties of Seller	  	 	5	  
	 SECTION 3.2
	 	Representations and Warranties of Purchaser	  	 	7	  
		
	 ARTICLE IV. COVENANTS OF SELLER
	  	 	9	  
			
	 SECTION 4.1
	 	Protection of Title of Purchaser	  	 	9	  
	 SECTION 4.2
	 	Other Liens or Interests	  	 	11	  
	 SECTION 4.3
	 	Costs and Expenses	  	 	11	  
	 SECTION 4.4
	 	Indemnification	  	 	11	  
		
	 ARTICLE V. REPURCHASES
	  	 	13	  
			
	 SECTION 5.1
	 	Repurchase of Receivables Upon Breach of Warranty	  	 	13	  
	 SECTION 5.2
	 	Reassignment of Purchased Receivables	  	 	14	  
	 SECTION 5.3
	 	Waivers	  	 	14	  
		
	 ARTICLE VI. MISCELLANEOUS
	  	 	14	  
			
	 SECTION 6.1
	 	Liability of Seller	  	 	14	  
	 SECTION 6.2
	 	Merger or Consolidation of Seller or Purchaser	  	 	14	  
	 SECTION 6.3
	 	Limitation on Liability of Seller and Others	  	 	15	  
	 SECTION 6.4
	 	Seller May Own Notes or the Certificate	  	 	15	  
	 SECTION 6.5
	 	Amendment	  	 	15	  
	 SECTION 6.6
	 	Notices	  	 	16	  
	 SECTION 6.7
	 	Merger and Integration	  	 	16	  
	 SECTION 6.8
	 	Severability of Provisions	  	 	16	  
	 SECTION 6.9
	 	Intention of the Parties	  	 	17	  
	 SECTION 6.10
	 	Governing Law	  	 	17	  
	 SECTION 6.11
	 	Counterparts	  	 	18	  
	 SECTION 6.12
	 	Conveyance of the Receivables and the Other Conveyed Property to the Issuer	  	 	18	  
	 SECTION 6.13
	 	Nonpetition Covenant	  	 	18	  


  
 i 








 SCHEDULES 
 Schedule
A — Schedule of [Initial] Receivables 
 Schedule B — Representations and Warranties from the Seller as to the Receivables 

[EXHIBITS] 
 [Exhibit A — Form of Subsequent Purchase
Agreement] 

  
 ii 








 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT, dated as of             ,
20        , executed between AFS SenSub Corp., a Nevada corporation, as purchaser (“Purchaser”) and AmeriCredit Financial Services, Inc., a Delaware corporation, as Seller
(“Seller”). 
 W I T N E S S E T H : 

WHEREAS, Purchaser has agreed to purchase from the Seller, and the Seller, pursuant to this Agreement, is transferring to Purchaser the
[Initial] Receivables and [Initial] Other Conveyed Property [and with respect to the Subsequent Receivables will transfer on the related Subsequent Transfer Date the Subsequent Receivables and Subsequent Other Conveyed Property]. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter contained, and for other good and valuable
consideration, the receipt of which is acknowledged, Purchaser and the Seller, intending to be legally bound, hereby agree as follows: 

ARTICLE I. 
 DEFINITIONS

 SECTION 1.1 General. The specific terms defined in this Article include the plural as well as the singular. The words
“herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision, and Article, Section, Schedule and Exhibit
references, unless otherwise specified, refer to Articles and Sections of and Schedules and Exhibits to this Agreement. Capitalized terms used herein without definition shall have the respective meanings assigned to such terms in the Sale and
Servicing Agreement dated as of             , 20        , by and among AFS SenSub Corp., as Seller, AmeriCredit Financial Services, Inc., in its
individual capacity and as Servicer, AmeriCredit Automobile Receivables Trust 20        -    , as Issuer, and [Trust Collateral Agent], as Trust Collateral Agent. 

SECTION 1.2 Specific Terms. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires,
shall have the following meanings: 
 “Agreement” shall mean this Purchase Agreement and all amendments hereof and
supplements hereto. 
 “Closing Date” means             ,
20        . 
 “[Initial] Other Conveyed Property” means all property conveyed by
the Seller to the Purchaser pursuant to this Agreement and by the Purchaser to the Trust pursuant to Sections 2.1(a)(2) through (8) of this Agreement. 

“[Initial] Receivables” means the Receivables listed on the Schedule of [Initial] Receivables attached hereto. 







 “Issuer” means AmeriCredit Automobile Receivables Trust
20        -    . 
 [”Other Conveyed Property” means the Initial
Other Conveyed Property and the Subsequent Other Conveyed Property.] 
 “Owner Trustee” means [Owner Trustee], as Owner
Trustee appointed and acting pursuant to the Trust Agreement. 
 “Purchase Agreement Collateral” has the meaning specified
in Section 6.9 of this Agreement. 
 [“Receivables” means the Initial Receivables and the Subsequent Receivables.] 

“Related Documents” means the Notes, the Certificate, the Sale and Servicing Agreement, the Indenture, the Trust Agreement,
the Lockbox Agreement, the Underwriting Agreement[, the Note Purchase Agreement] [and, with respect to the Subsequent Receivables, each Subsequent Purchase Agreement and each Subsequent Transfer Agreement]. The Related Documents to be executed by
any party are referred to herein as “such party’s Related Documents,” “its Related Documents” or by a similar expression. 

“Repurchase Event” means the occurrence of a breach of any of the Seller’s representations and warranties hereunder [or
in any Subsequent Purchase Agreement] or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement. 

“Sale and Servicing Agreement” means the Sale and Servicing Agreement referred to in Section 1.1 hereof. 

“Schedule of [Initial] Receivables” means the schedule of [Initial] Receivables sold and transferred pursuant to this
Agreement which is attached hereto as Schedule A. 
 “Schedule of Representations” means the Schedule of
Representations and Warranties attached hereto as Schedule B. 
 [“Subsequent Cutoff Date” means the date specified in the
related Subsequent Transfer Agreement, provided, however that such date shall be on or before the Subsequent Transfer Date.] 

[“Subsequent Other Conveyed Property” means all property conveyed by the Seller to the Purchaser pursuant to Sections 3(b)
through (h) of the related Subsequent Purchase Agreement other than the Subsequent Receivables.] 
 [“Subsequent Purchase
Agreement” means an agreement by and between the Seller and the Purchaser pursuant to which the Purchaser will acquire Subsequent Receivables, substantially in the form of Exhibit A hereunder.] 

[“Subsequent Receivables” means Receivables transferred to the Purchaser pursuant to Section 2.2 and the related
Subsequent Purchase Agreement, which shall be listed on 

  
 2 








 
Schedule A to the related Subsequent Purchase Agreement.] 
 [“Subsequent
Transfer Agreement” means an agreement among the Issuer, the Seller and the Servicer, substantially in the form of Exhibit A to the Sale and Servicing Agreement.] 

[“Subsequent Transfer Date” means, with respect to Subsequent Receivables, any date, occurring not more frequently than once a
month, during the Funding Period on which Subsequent Receivables are to be transferred to the Purchaser pursuant to this Agreement, and a Subsequent Purchase Agreement is executed and delivered.] 

“Trust Collateral Agent” means [Trust Collateral Agent], as trust collateral agent and any successor trust collateral agent
appointed and acting pursuant to the Sale and Servicing Agreement. 
 “Trustee” means [Trustee], as trustee and any
successor trustee appointed and acting pursuant to the Indenture. 
 SECTION 1.3 Usage of Terms. With respect to all terms used in
this Agreement, the singular includes the plural and the plural the singular; words importing any gender include the other gender; references to “writing” include printing, typing, lithography, and other means of reproducing words in a
visible form; references to agreements and other contractual instruments include all subsequent amendments thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement or the Sale and
Servicing Agreement; references to Persons include their permitted successors and assigns; and the terms “include” or “including” mean “include without limitation” or “including without limitation.” 

SECTION 1.4 [Reserved]. 

SECTION 1.5 No Recourse. Without limiting the obligations of Seller hereunder, no recourse may be taken, directly or indirectly, under
this Agreement or any certificate or other writing delivered in connection herewith or therewith, against any stockholder, officer or director, as such, of Seller, or of any predecessor or successor of Seller. 

SECTION 1.6 Action by or Consent of Noteholders and Certificateholder. Whenever any provision of this Agreement refers to action to be
taken, or consented to, by the Noteholders or the Certificateholder, such provision shall be deemed to refer to the Noteholders or the Certificateholder, as the case may be, of record as of the Record Date immediately preceding the date on which
such action is to be taken, or consent given, by Noteholders or the Certificateholder. Solely for the purposes of any action to be taken, or consented to, by Noteholders or the Certificateholder, any Note or the Certificate registered in the name of
the Seller or any Affiliate thereof shall be deemed not to be outstanding; provided, however, that, solely for the purpose of determining whether the Trustee or the Trust Collateral Agent is entitled to rely upon any such action or consent, only
Notes or the Certificate which the Owner Trustee or a Responsible Officer of the Trustee or the Trust Collateral Agent, respectively, has actual knowledge is so owned shall be so disregarded. 

  
 3 








 ARTICLE II. 

CONVEYANCE OF THE RECEIVABLES 

AND THE OTHER CONVEYED PROPERTY 

SECTION 2.1 Conveyance of the [Initial] Receivables and the [Initial] Other Conveyed Property. 

(a) Subject to the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, and otherwise conveys to
Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller in and to the following described property (collectively, the “Receivables and
the Other Conveyed Property”): 
 (1) the [Initial] Receivables and all moneys received thereon after the
[Initial] Cutoff Date; 
 (2) the security interests in the Financed Vehicles granted by Obligors pursuant to the
[Initial] Receivables and any other interest of the Seller in such Financed Vehicles; 
 (3) any proceeds and the right
to receive proceeds with respect to the [Initial] Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the [Initial] Receivables;

 (4) any proceeds received from any [Initial] Receivable repurchased by a Dealer pursuant to a Dealer Agreement or a
Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement; 

(5) all rights under any Service Contracts on the related Financed Vehicles; 

(6) the related Receivable Files; 

(7) all of the Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and
(v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (1) through (6); and 

(8) all proceeds and investments with respect to items (1) through (7). 

It is the intention of Seller and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the
[Initial] Receivables and the [Initial] Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any Liens, and the beneficial interest in and title to the [Initial] Receivables and the [Initial] Other
Conveyed Property shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law. 

  
 4 








 (b) Simultaneously with the conveyance of the [Initial] Receivables and the
[Initial] Other Conveyed Property to Purchaser, Purchaser has paid or caused to be paid to or upon the order of Seller an amount equal to the book value of the [Initial] Receivables sold by Seller, as set forth on the books and records of Seller, by
wire transfer of immediately available funds and the remainder as a contribution to the capital of the Purchaser (a wholly-owned subsidiary of Seller). 

SECTION 2.2 [Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property]. 

(a) [On each Subsequent Transfer Date and simultaneously with the execution and delivery of the related Subsequent Purchase
Agreement, the Seller shall sell, transfer, assign, and otherwise convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser shall purchase, all right, title and interest of Seller in and to the
Subsequent Receivables and the Subsequent Other Conveyed Property. It is the intention of Seller and Purchaser that the transfer and assignment contemplated by such Subsequent Purchase Agreement shall constitute a sale of the Subsequent Receivables
and the Subsequent Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Subsequent Receivables and the Subsequent Other Conveyed Property shall
not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law.] 

(b) [Simultaneously with the conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property to Purchaser,
Purchaser shall pay or cause to be paid to or upon the order of Seller the amount set forth in the related Subsequent Purchase Agreement.] 

ARTICLE III. 

REPRESENTATIONS AND WARRANTIES 

SECTION 3.1 Representations and Warranties of Seller. Seller makes the following representations and warranties as of the date hereof
and as of the [Closing Date]/[Subsequent Transfer Date, as the case may be,] on which Purchaser relies in purchasing the Receivables and the Other Conveyed Property and in transferring the Receivables and the Other Conveyed Property to the Issuer
under the Sale and Servicing Agreement [and any Subsequent Transfer Agreement] and. Such representations are made as of the execution and delivery of this Agreement [and as of the execution and delivery of any Subsequent Purchase Agreement], but
shall survive the sale, transfer and assignment of the Receivables and the Other Conveyed Property hereunder [and under any Subsequent Purchase Agreement], and the sale, transfer and assignment thereof by Purchaser to the Issuer under the Sale and
Servicing Agreement [and any Subsequent Transfer Agreement]. Seller and Purchaser agree that Purchaser will assign to Issuer all Purchaser’s rights under this Agreement [and under any Subsequent Purchase Agreement] and that the Trustee will
thereafter be entitled to enforce this Agreement [and any Subsequent Purchase Agreement] against Seller in the Trustee’s own name on behalf of the Noteholders. 

  
 5 








 (a) Schedule of Representations. The representations and warranties set
forth on the Schedule of Representations with respect to the [Initial] Receivables as of the date hereof, and [as of the Closing Date]/[with respect to the Subsequent Receivables as of the related Subsequent Transfer Date], are true and correct.

 (b) Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation in good
standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has,
power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser. 

(c) Due Qualification. Seller is duly qualified to do business as a foreign corporation, is in good standing, and has
obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification. 

(d) Power and Authority. Seller has the power and authority to execute and deliver this Agreement and its Related
Documents and to carry out its terms and their terms, respectively; Seller has full power and authority to sell and assign the Receivables and the Other Conveyed Property to be sold and assigned to and deposited with Purchaser hereunder and has duly
authorized such sale and assignment to Purchaser by all necessary corporate action; and the execution, delivery and performance of this Agreement and Seller’s Related Documents have been duly authorized by Seller by all necessary corporate
action. 
 (e) No Consent Required. Seller is not required to obtain the consent of any other Person, or any consent,
license, approval or authorization or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery or performance of this Agreement and the Related Documents, except for such as have been
obtained, effected or made. 
 (f) Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents
have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement
and Seller’s Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law. 

(g) No Violation. The consummation of the transactions contemplated by this Agreement and the Related Documents, and the
fulfillment of the terms of this Agreement and the Related Documents, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice, lapse of time or


  
 6 








 
both) a default under, the articles of incorporation or bylaws of Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which Seller is a party or by which it is
bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, the Sale and Servicing Agreement
and the Indenture, or violate any law, order, rule or regulation applicable to Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over Seller or any of its
properties. 
 (h) No Proceedings. There are no proceedings or investigations pending or, to Seller’s knowledge,
threatened against Seller, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over Seller or its properties (i) asserting the invalidity of this Agreement or any of the
Related Documents, (ii) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (iii) seeking any determination or ruling that might
materially and adversely affect the performance by Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or (iv) seeking to affect adversely the federal income tax or other
federal, state or local tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the Receivables and the Other Conveyed Property hereunder or under the Sale and Servicing Agreement.

 (i) Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the
Receivables, nor does the Seller anticipate any pending insolvency. 
 (j) True Sale. The Receivables are being
transferred with the intention of removing them from Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time. 

(k) Chief Executive Office and Principal Place of Business. The chief executive office and principal place of business
of Seller is located at [801 Cherry Street, Suite 3500, Fort Worth, Texas 76102.]/[other address]. 
 SECTION 3.2 Representations and
Warranties of Purchaser. Purchaser makes the following representations and warranties, on which Seller relies in selling, assigning, transferring and conveying the Receivables and the Other Conveyed Property to Purchaser hereunder [and under any
Subsequent Purchase Agreement]. Such representations are made as of the execution and delivery of this Agreement [and under any Subsequent Purchase Agreement], but shall survive the sale, transfer and assignment of the Receivables and the Other
Conveyed Property hereunder [and under any Subsequent Purchase Agreement] and the sale, transfer and assignment thereof by Purchaser to the Issuer under the Sale and Servicing Agreement. 

(a) Organization and Good Standing. Purchaser has been duly organized and is validly existing and in good standing as a
corporation under the laws of the State of Nevada, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at


  
 7 








 
all relevant times, and has, full power, authority and legal right to acquire and own the Receivables and the Other Conveyed Property, and to transfer the Receivables and the Other Conveyed
Property to the Issuer pursuant to the Sale and Servicing Agreement. 
 (b) Due Qualification. Purchaser is duly
qualified to do business as a foreign corporation, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect Purchaser’s ability to acquire
the Receivables or the Other Conveyed Property, and to transfer the Receivables and the Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement, or the validity or enforceability of the Receivables and the Other Conveyed
Property or to perform Purchaser’s obligations hereunder and under the Purchaser’s Related Documents. 
 (c)
Power and Authority. Purchaser has the power, authority and legal right to execute and deliver this Agreement and to carry out the terms hereof and to acquire the Receivables and the Other Conveyed Property hereunder; and the execution,
delivery and performance of this Agreement and all of the documents required pursuant hereto have been duly authorized by Purchaser by all necessary corporate action. 

(d) No Consent Required. Purchaser is not required to obtain the consent of any other Person, or any consent, license,
approval or authorization or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery or performance of this Agreement and the Related Documents, except for such as have been obtained,
effected or made. 
 (e) Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of
Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable
principles. 
 (f) No Violation. The execution, delivery and performance by Purchaser of this Agreement, the
consummation of the transactions contemplated by this Agreement and the Related Documents and the fulfillment of the terms of this Agreement and the Related Documents do not and will not conflict with, result in any breach of any of the terms and
provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of incorporation or bylaws of Purchaser, or conflict with or breach any of the terms or provisions of, or constitute (with or without notice or
lapse of time) a default under, any indenture, agreement, mortgage, deed of trust or other instrument to which Purchaser is a party or by which Purchaser is bound or to which any of its properties are subject, or result in the creation or imposition
of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument (other than the Sale and Servicing Agreement, or violate any law, order, rule or regulation, applicable to
Purchaser or its properties, of any federal or state regulatory body, any court, administrative agency, or other governmental instrumentality having jurisdiction over Purchaser or any of its properties. 

  
 8 








 (g) No Proceedings. There are no proceedings or investigations pending,
or, to the knowledge of Purchaser, threatened against Purchaser, before any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality having jurisdiction over Purchaser or its properties: (i) asserting the
invalidity of this Agreement or any of the Related Documents, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (iii) seeking any determination or ruling
that might materially and adversely affect the performance by Purchaser of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or (iv) that may adversely affect the federal or state income
tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the Receivables and the Other Conveyed Property hereunder or the transfer of the Receivables and the Other Conveyed Property
to the Issuer pursuant to the Sale and Servicing Agreement. 
 In the event of any breach of a representation and warranty made by Purchaser
hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes, the Certificate,
pass-through certificates or other similar securities issued by Purchaser, or a trust or similar vehicle formed by Purchaser, have been paid in full. Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that
this covenant may be specifically enforced by Purchaser, Issuer or by the Trustee on behalf of the Noteholders and Owner Trustee on behalf of the Certificateholder. 

ARTICLE IV. 
 COVENANTS
OF SELLER 
 SECTION 4.1 Protection of Title of Purchaser. 

(a) At or prior to the Closing Date, Seller shall have filed or caused to be filed a UCC-1 financing statement, naming Seller
as seller or debtor, naming Purchaser as purchaser or secured party and describing the [Initial] Receivables and the [Initial] Other Conveyed Property being sold by it to Purchaser as collateral, with the office of the Secretary of State of the
State of Delaware and in such other locations as Purchaser shall have required. [At or prior to any Subsequent Transfer Date, Seller shall file or cause to be filed a UCC-1 financing statement naming Seller as seller or debtor, naming the Purchaser
as purchaser or secured party and describing the Subsequent Receivables and the Subsequent Other Conveyed Property being sold by it to the Purchaser as collateral, with the office of the Secretary of State of the State of Delaware and in such other
locations as Purchaser shall require.] From time to time thereafter, Seller shall execute and file such financing statements and cause to be executed and filed such continuation statements, all in such manner and in such places as may be required by
law fully to preserve, maintain and protect the interest of Purchaser under this Agreement, of the Issuer under the Sale and Servicing Agreement and of the Trust Collateral Agent under the Indenture in the Receivables and the Other Conveyed Property
and in the proceeds thereof. Seller shall deliver (or cause to be delivered) to Purchaser and the Trust Collateral Agent file-stamped copies of, or filing receipts for, any document filed as 

  
 9 








 
provided above, as soon as available following such filing. In the event that Seller fails to perform its obligations under this subsection, Purchaser, Issuer or the Trust Collateral Agent may do
so, at the expense of the Seller. In furtherance of the foregoing, the Seller hereby authorizes the Purchaser, the Issuer or the Trust Collateral Agent to file a record or records (as defined in the applicable UCC), including, without limitation,
financing statements, in all jurisdictions and with all filing offices as each may determine, in its sole discretion, are necessary or advisable to perfect the security interest granted to the Purchaser pursuant to Section 6.9 of this
Agreement. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as such party may determine, in its
sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Purchaser herein. 

(b) Seller shall not change its name, identity, state of incorporation or corporate structure in any manner that would, could
or might make any financing statement or continuation statement filed by Seller (or by Purchaser, Issuer or the Trust Collateral Agent on behalf of Seller) in accordance with paragraph (a) above seriously misleading within the meaning of
§9-506 of the applicable UCC, unless they shall have given Purchaser, Issuer and the Trust Collateral Agent at least 60 days’ prior written notice thereof, and shall promptly file appropriate amendments to all previously filed financing
statements and continuation statements. 
 (c) Seller shall give Purchaser, the Issuer and the Trust Collateral Agent at
least 60 days’ prior written notice of any relocation that would result in a change of the location of the debtor within the meaning of Section 9-307 of the applicable UCC. Seller shall at all times maintain (i) each office from which
it services Receivables within the United States of America or Canada and (ii) its principal executive office within the United States of America. 

(d) Prior to the Closing Date [and with respect to Subsequent Receivables, the Subsequent Transfer Date], Seller has maintained
accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time as of or prior to the Closing Date [and with respect to Subsequent Receivables, the Subsequent Transfer Date],
the status of such Receivable, including payments and recoveries made and payments owing (and the nature of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the Principal Balance [with
respect to the Initial Receivables] as of the [Initial] Cutoff Date [and with respect to Subsequent Receivables, the Subsequent Cutoff Date]. Seller shall maintain its computer systems so that, from and after the time of sale under this Agreement of
the Receivables to Purchaser, and the conveyance of the Receivables by Purchaser to the Issuer, Seller’s master computer records (including archives) that shall refer to a Receivable indicate clearly that such Receivable has been sold to
Purchaser and has been conveyed by Purchaser to the Issuer. Indication of the Issuer’s ownership of a Receivable shall be deleted from or modified on Seller’s computer systems when, and only when, the Receivable shall become a Purchased
Receivable or a Sold Receivable or shall have been paid in full or sold pursuant to the terms of the Sale and Servicing Agreement. 

  
 10 








 (e) If at any time Seller shall propose to sell, grant a security interest in, or
otherwise transfer any interest in any motor vehicle receivables to any prospective purchaser, lender or other transferee, Seller shall give to such prospective purchaser, lender, or other transferee computer tapes, records, or print-outs (including
any restored from archives) that, if they shall refer in any manner whatsoever to any Receivable (other than a Purchased Receivable or a Sold Receivable), shall indicate clearly that such Receivable has been sold to Purchaser, sold by Purchaser to
Issuer, and is owned by the Issuer. 
 SECTION 4.2 Other Liens or Interests. Except for the conveyances hereunder, Seller will not
sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on the Receivables or the Other Conveyed Property or any interest therein, and Seller shall defend the right, title, and interest of
Purchaser and the Issuer in and to the Receivables and the Other Conveyed Property against all claims of third parties claiming through or under Seller. 

SECTION 4.3 Costs and Expenses. Seller shall pay all reasonable costs and disbursements in connection with the performance of its
obligations hereunder and under its Related Documents. 
 SECTION 4.4 Indemnification. 

(a) Seller shall defend, indemnify and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner
Trustee, the Noteholders and the Certificateholder from and against any and all costs, expenses, losses, damages, claims, and liabilities, arising out of or resulting from any breach of any of Seller’s representations and warranties contained
herein. 
 (b) Seller shall defend, indemnify and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the
Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against any and all costs, expenses, losses, damages, claims, and liabilities, arising out of or resulting from the use, ownership or operation by Seller or any affiliate
thereof of a Financed Vehicle. 
 (c) Seller shall defend, indemnify and hold harmless Purchaser, the Issuer, the Trust
Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from any action taken, or failed to be
taken, by it in respect of any portion of the Receivables other than in accordance with this Agreement or the Sale and Servicing Agreement. 

(d) Seller agrees to pay, and shall defend, indemnify and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the
Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against any taxes that may at any time be asserted against Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the
Certificateholder with respect to the transactions contemplated in this Agreement, including, without limitation, any sales, gross receipts, general 

  
 11 








 
corporation, tangible or intangible personal property, privilege, or license taxes (but not including any taxes asserted with respect to, and as of the date of, the sale, transfer and assignment
of the Receivables and the Other Conveyed Property to Purchaser and by Purchaser to the Issuer or the issuance and original sale of the Notes or issuance of the Certificate, or asserted with respect to ownership of the Receivables and Other Conveyed
Property which shall be indemnified by Seller pursuant to clause (e) below, or federal, state or other income taxes, arising out of distributions on the Notes or the Certificate or transfer taxes arising in connection with the transfer of the
Notes or the Certificate) and costs and expenses in defending against the same, arising by reason of the acts to be performed by Seller under this Agreement or imposed against such Persons. 

(e) Seller agrees to pay, and to indemnify, defend and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the
Trustee, the Owner Trustee, the Noteholders and the Certificateholder from, any taxes which may at any time be asserted against such Persons with respect to, and as of the date of, the conveyance or ownership of the Receivables or the Other Conveyed
Property hereunder [and under any Subsequent Purchase Agreement] and the conveyance or ownership of the Receivables under the Sale and Servicing Agreement [and under any Subsequent Transfer Agreement] or the issuance and original sale of the Notes
or the issuance of the Certificate, including, without limitation, any sales, gross receipts, personal property, tangible or intangible personal property, privilege or license taxes (but not including any federal or other income taxes, including
franchise taxes, arising out of the transactions contemplated hereby or transfer taxes arising in connection with the transfer of the Notes or the Certificate) and costs and expenses in defending against the same, arising by reason of the acts to be
performed by Seller under this Agreement or imposed against such Persons. 
 (f) Seller shall defend, indemnify, and hold
harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against any and all costs, expenses, losses, claims, damages, and liabilities to the extent that such
cost, expense, loss, claim, damage, or liability arose out of, or was imposed upon Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders or the Certificateholder through the negligence, willful
misfeasance, or bad faith of Seller in the performance of its duties under this Agreement or by reason of reckless disregard of Seller’s obligations and duties under this Agreement. 

(g) Seller shall indemnify, defend and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner
Trustee, the Noteholders and the Certificateholder from and against any loss, liability or expense incurred by reason of the violation by Seller of federal or state securities laws in connection with the registration or the sale of the Notes. 

(h) Seller shall indemnify, defend and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner
Trustee, the Noteholders and the Certificateholder from and against any loss, liability or expense imposed upon, or incurred by, Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders or the
Certificateholder as result of the failure of any 

  
 12 








 
Receivable, or the sale of the related Financed Vehicle, to comply with all requirements of applicable law. 

(i) Seller shall defend, indemnify, and hold harmless Purchaser from and against all costs, expenses, losses, claims, damages,
and liabilities arising out of or incurred in connection with the acceptance or performance of Seller’s trusts and duties as Servicer under the Sale and Servicing Agreement, except to the extent that such cost, expense, loss, claim, damage, or
liability shall be due to the willful misfeasance, bad faith, or negligence (except for errors in judgment) of Purchaser. 

(j) Seller shall indemnify the Owner Trustee and its officers, directors, successors, assigns, agents and servants jointly and
severally with the Purchaser pursuant to Section 7.2 of the Trust Agreement. 
 Indemnification under this Section 4.4 shall
include reasonable fees and expenses of counsel and expenses of litigation and shall survive payment of the Notes and the Certificate. The indemnity obligations hereunder shall be in addition to any obligation that Seller may otherwise have. 

ARTICLE V. 
 REPURCHASES

 SECTION 5.1 Repurchase of Receivables Upon Breach of Warranty. Upon the occurrence of a Repurchase Event, Seller shall, unless
the breach which is the subject of such Repurchase Event shall have been cured in all material respects, repurchase the Receivable relating thereto from the Issuer if an only if the interests of the Noteholders therein are materially and adversely
affected by any such breach from the Issuer and, simultaneously with the repurchase of the Receivable, Seller shall deposit the Purchase Amount in full, without deduction or offset, to the Collection Account, pursuant to Section 3.2 of the Sale
and Servicing Agreement. It is understood and agreed that, except as set forth in Section 6.1 hereof, the obligation of Seller to repurchase any Receivable, as to which a breach occurred and is continuing, shall, if such obligation is
fulfilled, constitute the sole remedy against Seller for such breach available to Purchaser, the Issuer, the Noteholders, the Certificateholder, the Trust Collateral Agent on behalf of the Noteholders or the Owner Trustee on behalf of the
Certificateholder. The provisions of this Section 5.1 are intended to grant the Issuer, and the Trust Collateral Agent a direct right against Seller to demand performance hereunder, and in connection therewith, Seller waives any requirement of
prior demand against Purchaser with respect to such repurchase obligation. Any such repurchase shall take place in the manner specified in Section 3.2 of the Sale and Servicing Agreement. Notwithstanding any other provision of this Agreement or
the Sale and Servicing Agreement to the contrary, the obligation of Seller under this Section shall not terminate upon a termination of Seller as Servicer under the Sale and Servicing Agreement and shall be performed in accordance with the terms
hereof notwithstanding the failure of the Servicer or Purchaser to perform any of their respective obligations with respect to such Receivable under the Sale and Servicing Agreement. 

In addition to the foregoing and notwithstanding whether the related Receivable 

  
 13 








 
shall have been purchased by Seller, Seller shall indemnify the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against all
costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third party claims arising out of the events or facts giving rise to
such Repurchase Events. 
 SECTION 5.2 Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase
Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right,
title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of
Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal
proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such
steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name. 

SECTION 5.3 Waivers. No failure or delay on the part of Purchaser (or the Issuer as assignee of Purchaser, or the Trust Collateral
Agent as assignee of the Issuer) or the Trustee in exercising any power, right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other or future
exercise thereof or the exercise of any other power, right or remedy. 
 ARTICLE VI. 

MISCELLANEOUS 
 SECTION 6.1
Liability of Seller. Seller shall be liable in accordance herewith only to the extent of the obligations in this Agreement specifically undertaken by Seller and the representations and warranties of Seller. 

SECTION 6.2 Merger or Consolidation of Seller or Purchaser. Any corporation or other entity (i) into which Seller or Purchaser may
be merged or consolidated, (ii) resulting from any merger or consolidation to which Seller or Purchaser is a party or (iii) succeeding to the business of Seller or Purchaser, in the case of Purchaser, which corporation has a certificate of
incorporation containing provisions relating to limitations on business and other matters substantively identical to those contained in Purchaser’s certificate of incorporation, provided that in any of the foregoing cases such corporation shall
execute an agreement of assumption to perform every obligation of Seller or Purchaser, as the case may be, under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to Seller or Purchaser, as the case may
be, hereunder (without relieving Seller or Purchaser of their responsibilities hereunder, if it survives such merger or consolidation) without the execution or filing of any document or any further action by any of the parties to this Agreement.
Seller or Purchaser shall promptly inform the other party, the Issuer, the Trust Collateral Agent, the Owner Trustee and, as a condition to the consummation of the transactions referred to in clauses


  
 14 








 
(i), (ii) and (iii) above, (x) immediately after giving effect to such transaction, no representation or warranty made pursuant to Sections 3.1 and 3.2 of this Agreement shall have
been breached (for purposes hereof, such representations and warranties shall speak as of the date of the consummation of such transaction) shall have occurred and be continuing, (y) Seller or Purchaser, as applicable, shall have delivered
written notice of such consolidation, merger or purchase and assumption to the Rating Agencies prior to the consummation of such transaction and shall have delivered to the Issuer, and the Trust Collateral Agent an Officer’s Certificate of the
Seller or a certificate signed by or on behalf of the Purchaser, as applicable, and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section 6.2 and that all
conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, and (z) Seller or Purchaser, as applicable, shall have delivered to the Issuer, and the Trust Collateral Agent an Opinion of
Counsel, stating, in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Issuer and the
Trust Collateral Agent in the Receivables and reciting the details of the filings or (B) no such action shall be necessary to preserve and protect such interest. 

SECTION 6.3 Limitation on Liability of Seller and Others. Seller and any director, officer, employee or agent thereof may rely in good
faith on the advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement. Seller shall not be under any obligation to appear in, prosecute or defend
any legal action that is not incidental to its obligations under this Agreement or its Related Documents and that in its opinion may involve it in any expense or liability. 

SECTION 6.4 Seller May Own Notes or the Certificate. Subject to the provisions of the Sale and Servicing Agreement, Seller and any
Affiliate of Seller may in their individual or any other capacity become the owner or pledgee of Notes or the Certificate with the same rights as they would have if they were not Seller or an Affiliate thereof. 

SECTION 6.5 Amendment. 

(a) This Agreement may be amended by Seller and Purchaser without the consent of the Trust Collateral Agent, the Owner Trustee,
the Certificateholder or any of the Noteholders (i) to cure any ambiguity or (ii) to correct any provisions in this Agreement; provided, however, that such action shall not, as evidenced by an Opinion of Counsel delivered to the Issuer,
the Owner Trustee and the Trust Collateral Agent, adversely affect in any material respect the interests of any Certificateholder, Noteholder, the Trustee or the Trust Collateral Agent and that such amendment is authorized and permitted by this
Agreement. 
 (b) This Agreement may also be amended from time to time by Seller and Purchaser, with the consent of the Trust
Collateral Agent and, if required, the Certificateholder and the Noteholders evidencing not less than a majority of the outstanding principal amount of the Notes, in accordance with the Sale and Servicing Agreement, for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the 

  
 15 








 
rights of the Certificateholder or Noteholders; provided, however, the Seller provides the Trust Collateral Agent with an Opinion of Counsel, (which may be provided by the
Seller’s internal counsel) that no such amendment shall increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Receivables or distributions that shall be required to be made on any Note
or the Certificate and that such amendment is authorized and permitted by this Agreement. 
 (c) Prior to the execution of
any such amendment or consent, Seller shall have furnished written notification of the substance of such amendment or consent to each Rating Agency. 

(d) It shall not be necessary for the consent of Certificateholder or Noteholders pursuant to this Section to approve the
particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by
Certificateholder or Noteholders shall be subject to such reasonable requirements as the Trust Collateral Agent may prescribe, including the establishment of record dates. The consent of a Holder of the Certificate or a Note given pursuant to this
Section or pursuant to any other provision of this Agreement shall be conclusive and binding on such Holder and on all future Holders of the Certificate or such Note and of the Certificate or any Note issued upon the transfer thereof or in exchange
thereof or in lieu thereof whether or not notation of such consent is made upon the Certificate or Note. 
 SECTION 6.6 Notices. All
demands, notices and communications to Seller or Purchaser hereunder shall be in writing, personally delivered, or sent by telecopier (subsequently confirmed in writing), reputable overnight courier or mailed by certified mail, return receipt
requested, and shall be deemed to have been given upon receipt (a) in the case of Seller, to AmeriCredit Financial Services, Inc., 801 Cherry Street, Suite 3500, Fort Worth, Texas 76102, Attention: Chief Financial Officer, or (b) in the
case of Purchaser, to AFS SenSub Corp., 2265 B Renaissance Drive, Suite 17, Las Vegas, Nevada 89119, Attention: Chief Financial Officer, with a copy to AFS SenSub Corp., c/o AmeriCredit Financial Services, Inc., 801 Cherry Street, Suite 3500, Fort
Worth, Texas, 76102, Attention: Chief Financial Officer, or such other address as shall be designated by a party in a written notice delivered to the other party or to the Issuer, Owner Trustee or the Trust Collateral Agent, as applicable. 

SECTION 6.7 Merger and Integration. Except as specifically stated otherwise herein, this Agreement and Related Documents set forth the
entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement and the Related Documents. This Agreement may not be modified, amended, waived or supplemented
except as provided herein. 
 SECTION 6.8 Severability of Provisions. If any one or more of the covenants, provisions or terms of
this Agreement shall be for any reason whatsoever held invalid, then such covenants, provisions or terms shall be deemed severable from the remaining covenants, provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. 

  
 16 








 SECTION 6.9 Intention of the Parties. 

The execution and delivery of this Agreement shall constitute an acknowledgment by Seller and Purchaser that they intend that the assignment
and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Receivables and the Other Conveyed Property, conveying good title thereto free and clear of any Liens, from Seller to Purchaser, and that the
Receivables and the Other Conveyed Property shall not be a part of Seller’s estate in the event of the bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or state bankruptcy or
similar law, or the occurrence of another similar event, of, or with respect to Seller. In the event that such conveyance is determined to be made as security for a loan made by Purchaser, the Issuer, the Noteholders or the Certificateholder to
Seller, the Seller hereby grants to Purchaser a security interest in all of Seller’s right, title and interest in and to the following property, whether now owned or existing or hereafter acquired or arising, and this Agreement shall constitute
a security agreement under applicable law (collectively, the “Purchase Agreement Collateral”): 
 (1) the [Initial]
Receivables and all moneys received thereon after the [Initial] Cutoff Date [and the Subsequent Receivables and all moneys received after the applicable Subsequent Cutoff Date]; 

(2) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of
the Seller in such Financed Vehicles; 
 (3) any proceeds and the right to receive proceeds with respect to the [Initial]
Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the Receivables; 

(4) any proceeds received from a Dealer pursuant to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan
Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement; 

(5) all rights under any Service Contracts on the related Financed Vehicles; 

(6) the related Receivable Files; 

(7) all of the Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and
(v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (1) through (6); and 

(8) all proceeds and investments with respect to items (1) through (7). 

SECTION 6.10 Governing Law. This Agreement shall be construed in accordance with, and this Agreement and all matters arising out of or
relating in any way to this Agreement shall be governed by, the law of the State of New York, without giving effect to its 

  
 17 








 
conflict of law provisions (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law). 

SECTION 6.11 Counterparts. For the purpose of facilitating the execution of this Agreement and for other purposes, this Agreement may
be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and all of which counterparts shall constitute but one and the same instrument. 

SECTION 6.12 Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends,
pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Date [and on the Subsequent Transfer Date in the case of Subsequent
Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase
Agreement] and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform
its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in
this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser to perform its respective duties
and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the
Noteholders and the Certificateholder. 
 SECTION 6.13 Nonpetition Covenant. Neither Purchaser nor Seller shall petition or otherwise
invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Purchaser or the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator,
assignee, trustee, custodian, sequestrator or other similar official of the Purchaser or the Issuer or any substantial part of their respective property, or ordering the winding up or liquidation of the affairs of the Purchaser or the Issuer. 

[Remainder of Page Intentionally Left Blank] 

  
 18 








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

			
	AFS SENSUB CORP., as Purchaser
		
	By:	 	  

		 	Name:
		 	Title:
	
	 AMERICREDIT FINANCIAL SERVICES, INC.,

    as Seller

		
	By:	 	  

		 	Name:
		 	Title:


  

			
	Accepted:
	
	[TRUSTEE AND TRUST COLLATERAL AGENT],not in its individual capacity but solely as Trustee and Trust Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

  

  
 [Purchase Agreement] 









 SCHEDULE A 

SCHEDULE OF RECEIVABLES 

[On file with AmeriCredit, the Trustee and Katten Muchin Rosenman LLP] 

  
 SCH-A-1 








 SCHEDULE B 

REPRESENTATIONS AND WARRANTIES OF 

AMERICREDIT FINANCIAL SERVICES, INC. (“AMERICREDIT”) 

1. Characteristics of Receivables. Each Receivable (A) was originated (i) by AmeriCredit, (ii) by an Originating
Affiliate and was validly assigned by such Originating Affiliate to AmeriCredit, (iii) by a Dealer and purchased by AmeriCredit from such Dealer under an existing Dealer Agreement or pursuant to a Dealer Assignment with AmeriCredit and was
validly assigned by such Dealer to AmeriCredit pursuant to a Dealer Assignment or (iv) by a Third-Party Lender and purchased by AmeriCredit from such Third-Party Lender under an existing Auto Loan Purchase and Sale Agreement or pursuant to a
Third-Party Lender Assignment with AmeriCredit and was validly assigned by such Third-Party Lender to AmeriCredit pursuant to a Third-Party Lender Assignment (B) was originated by AmeriCredit, such Originating Affiliate, such Dealer or such
Third-Party Lender for the retail sale of a Financed Vehicle in the ordinary course of AmeriCredit’s, such Originating Affiliate’s, the Dealer’s or the Third-Party Lender’s business, in each case was originated in accordance with
AmeriCredit’s credit policies and was fully and properly executed by the parties thereto, and AmeriCredit, each Originating Affiliate, each Dealer and each Third-Party Lender had all necessary licenses and permits to originate Receivables in
the state where AmeriCredit, each such Originating Affiliate, each such Dealer or each such Third-Party Lender was located, (C) contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof
adequate for realization against the collateral security, (D) is a Receivable which provides for level monthly payments (provided that the period in the first Collection Period and the payment in the final Collection Period of the Receivable
may be minimally different from the normal period and level payment) which, if made when due, shall fully amortize the Amount Financed over the original term and (E) has not been amended or collections with respect to which waived, other than
as evidenced in the Receivable File or the Servicer’s electronic records relating thereto. 
 2. No Fraud or Misrepresentation.
Each Receivable was originated (i) by AmeriCredit, (ii) by an Originating Affiliate and was assigned by the Originating Affiliate to AmeriCredit, (iii) by a Dealer and was sold by the Dealer to AmeriCredit or (iv) by a
Third-Party Lender and was sold by the Third-Party Lender to AmeriCredit, and was sold by AmeriCredit to AFS SenSub Corp. without any fraud or misrepresentation on the part of such Originating Affiliate, Dealer, Third-Party Lender or AmeriCredit in
any case. 
 3. Compliance with Law. All requirements of applicable federal, state and local laws, and regulations thereunder
(including, without limitation, usury laws, the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission
Act, the Magnuson-Moss Warranty Act, the Federal Reserve Board’s Regulations “B” and “Z” (including amendments to the Federal Reserve’s Official Staff Commentary to Regulation Z, effective October 1, 1998,
concerning negative equity loans), the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Servicemembers Civil Relief Act, each applicable state Motor Vehicle Retail Installment Sales Act, the Gramm-Leach-Bliley Act and state adaptations
of the 

  
 SCH-B-1 








 
National Consumer Act and of the Uniform Consumer Credit Code and other consumer credit laws and equal credit opportunity and disclosure laws) in respect of the Receivables and the Financed
Vehicles, have been complied with in all material respects, and each Receivable and the sale of the Financed Vehicle evidenced by each Receivable complied at the time it was originated or made and now complies in all material respects with all
applicable legal requirements. 
 4. Origination. Each Receivable was originated in the United States. 

5. Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation of the Obligor thereon,
enforceable by the holder thereof in accordance with its terms, except (A) as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and by equitable
limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law and (B) as such Receivable may be modified by the application after the [Initial] Cutoff Date [or
the Subsequent Cutoff Date, as applicable,] of the Servicemembers Civil Relief Act, as amended; and all parties to each Receivable had full legal capacity to execute and deliver such Receivable and all other documents related thereto and to grant
the security interest purported to be granted thereby. 
 6. No Government Obligor. No Obligor is the United States of America or any
State or any agency, department, subdivision or instrumentality thereof. 
 7. Obligor Bankruptcy. At the [Initial] Cutoff Date [or
the Subsequent Cutoff Date, as applicable,] no Obligor had been identified on the records of AmeriCredit as being the subject of a current bankruptcy proceeding. 

8. Schedule[s] of Receivables. The information set forth in the Schedule[s] of Receivables has been produced from the Electronic Ledger
and was true and correct in all material respects as of the close of business on the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable]. 

9. Marking Records. Each of the Seller and AFS SenSub Corp. has indicated in its files that the Receivables have been sold to the Issuer
pursuant to the Sale and Servicing Agreement and Granted to the Trust Collateral Agent pursuant to the Indenture. Further, AmeriCredit has indicated in its computer files that the Receivables are owned by the Issuer. 

10. Computer Tape. The Computer Tape made available by AmeriCredit to AFS SenSub Corp. and to the Issuer on the Closing Date was
complete and accurate as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] and includes a description of the same Receivables that are described in the Schedule of Receivables. 

11. Adverse Selection. No selection procedures adverse to the Noteholders were utilized in selecting the Receivables from those
receivables owned by AmeriCredit which met the selection criteria set forth in clauses (A) through (M) of number 29 of this Schedule B. 

  
 SCH-B-2 








 12. Chattel Paper. The Receivables constitute “tangible chattel paper” or
“electronic chattel paper” within the meaning of the UCC as in effect in the States of Texas, New York, Nevada and Delaware. 
 13.
One Original. There is only one original executed copy (or with respect to “electronic chattel paper”, one authoritative copy) of each Contract. With respect to Contracts that are “electronic chattel paper”, each
authoritative copy (a) is unique, identifiable and unalterable (other than with the participation of the Trust Collateral Agent in the case of an addition or amendment of an identified assignee and other than a revision that is readily
identifiable as an authorized or unauthorized revision), (b) has been marked with a legend to the following effect: “Authoritative Copy” and (c) has been communicated to and is maintained by or on behalf of the Custodian. 

14. Not an Authoritative Copy. With respect to Contracts that are “electronic chattel paper”, the Seller has marked all copies
of each such Contract other than an authoritative copy with a legend to the following effect: “This is not an authoritative copy.” 

15. Revisions. With respect to Contracts that are “electronic chattel paper”, the related Receivables have been established in
a manner such that (a) all copies or revisions that add or change an identified assignee of the authoritative copy of each such Contract must be made with the participation of the Trust Collateral Agent and (b) all revisions of the
authoritative copy of each such Contract must be readily identifiable as an authorized or unauthorized revision. 
 16. Pledge or
Assignment. With respect to Contracts that are “electronic chattel paper”, the authoritative copy of each Contract communicated to the Custodian has no marks or notations indicating that it has been pledged, assigned or otherwise
conveyed to any Person other than the Trust Collateral Agent. 
 17. Receivable Files Complete. There exists a Receivable File
pertaining to each Receivable and such Receivable File contains a fully executed original of the Contract and the original Lien Certificate or a copy of the application therefor. Related documentation concerning the Receivable, including any
documentation regarding modifications of the Contract, will be maintained electronically by the Servicer in accordance with customary policies and procedures. Each of such documents which is required to be signed by the Obligor has been signed by
the Obligor in the appropriate spaces. All applicable blanks on any form have been properly filled in and each form has otherwise been correctly prepared. With respect to Receivables that are tangible chattel paper, the complete Receivable File for
each Receivable, including a fully executed original of the Contract, currently is in the possession of the Custodian. 
 18. Receivables
in Force. No Receivable has been satisfied, subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part. No terms of any Receivable have been
waived, altered or modified in any respect since its origination, except by instruments or documents identified in the Receivable File or the Servicer’s electronic records. 

  
 SCH-B-3 








 19. Lawful Assignment. No Receivable was originated in, or is subject to the laws of, any
jurisdiction the laws of which would make unlawful, void or voidable the sale, transfer and assignment of such Receivable under this Agreement or pursuant to transfers of the Notes. The Seller has not entered into any agreement with any Person that
prohibits, restricts or conditions the sale of any Receivable by the Seller. 
 20. Good Title. Immediately prior to the conveyance of
the Receivables to AFS SenSub Corp. pursuant to this Agreement, [or a Subsequent Purchase Agreement, as applicable,] AmeriCredit was the sole owner thereof and had good and indefeasible title thereto, free of any Lien and, upon execution and
delivery of this Agreement by the Seller[s], AFS SenSub Corp. shall have good and indefeasible title to and will be the sole owner of such Receivables, free of any Lien. No Dealer or Third-Party Lender has a participation in, or other right to
receive, proceeds of any Receivable. AmeriCredit has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer Agreements,
Auto Loan Purchase and Sale Agreements, Dealer Assignments, or Third-Party Lender Assignments or to payments due under such Receivables. 

21. Security Interest in Financed Vehicle. Each Receivable created or shall create a valid, binding and enforceable first priority
security interest in favor of AmeriCredit (or an Originating Affiliate or a Titled Third-Party Lender which first priority security interest has been assigned to AmeriCredit) in the Financed Vehicle. The Lien Certificate for each Financed Vehicle
shows, or if a new or replacement Lien Certificate is being applied for with respect to such Financed Vehicle the Lien Certificate will be received within 180 days of the Closing Date [or Subsequent Transfer Date, as applicable,] and will show,
AmeriCredit, an Originating Affiliate or a Titled Third-Party Lender named (which may be accomplished by the use of a properly registered “doing business as” (“DBA”) name in the applicable jurisdiction) as the original secured
party under each Receivable as the holder of a first priority security interest in such Financed Vehicle. With respect to each Receivable for which the Lien Certificate has not yet been returned from the Registrar of Titles, AmeriCredit or the
related Originating Affiliate has applied for or received written evidence from the related Dealer or Third-Party Lender that such Lien Certificate showing AmeriCredit, an Originating Affiliate, the Issuer or a Titled Third-Party Lender (which may
be accomplished by the use of a properly registered DBA name in the applicable jurisdiction), as applicable, as first lienholder has been applied for and the Originating Affiliate’s or Titled Third-Party Lender’s security interest has been
validly assigned by the Originating Affiliate or Titled Third-Party Lender, as applicable, to AmeriCredit and AmeriCredit’s security interest has been validly assigned by AmeriCredit to AFS SenSub Corp. pursuant to this Agreement. This
Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Purchaser, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from
the Seller. Immediately after the sale, transfer and assignment thereof by AmeriCredit to AFS SenSub Corp., each Receivable will be secured by an enforceable and perfected first priority security interest in the Financed Vehicle in favor of AFS
SenSub Corp. as secured party, which security interest is prior to all other Liens upon and security interests in such Financed Vehicle which now exist or may hereafter arise or be created (except, as to priority, for any lien for taxes, labor or
materials affecting a Financed Vehicle). As of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] there were no Liens or claims for taxes, work, labor or materials 

  
 SCH-B-4 








 
affecting a Financed Vehicle which are or may be Liens prior or equal to the Liens of the related Receivable. 

22. All Filings Made. All filings (including, without limitation, UCC filings (including, without limitation, the filing by the Seller
of all appropriate financing statements in the proper filing office in the State of Delaware under applicable law in order to perfect the security interest in the Receivables granted to the Purchaser hereunder)) required to be made by any Person and
actions required to be taken or performed by any Person in any jurisdiction to give the Issuer and the Trust Collateral Agent a first priority perfected lien on, or ownership interest in, the Receivables and the proceeds thereof and the Other
Conveyed Property have been made, taken or performed. 
 23. No Impairment. AmeriCredit has not done anything to convey any right to
any Person that would result in such Person having a right to payments due under the Receivables or otherwise to impair the rights of the Issuer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.
Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a
security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other
than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA or tax lien filings against it. 

24. Receivable Not Assumable. No Receivable is assumable by another Person in a manner which would release the Obligor thereof from such
Obligor’s obligations to the owner thereof with respect to such Receivable. 
 25. No Defenses. No Receivable is subject to any
right of rescission, setoff, counterclaim or defense, including the defense of usury, and the operation of any of the terms of any Receivable, or the exercise of any right thereunder, will not render such Receivable unenforceable in whole or in part
and no such right has been asserted or threatened with respect to any Receivable. 
 26. No Default. There has been no default,
breach, violation or event permitting acceleration under the terms of any Receivable (other than payment delinquencies of not more than 30 days) and no condition exists or event has occurred and is continuing that with notice, the lapse of time or
both would constitute a default, breach, violation or event permitting acceleration under the terms of any Receivable, and there has been no waiver of any of the foregoing. As of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as
applicable,] no Financed Vehicle had been repossessed. 
 27. Insurance. At the time of an origination of a Receivable by AmeriCredit,
an Originating Affiliate, a Dealer or Third-Party Lender, each Financed Vehicle is required to be covered by a comprehensive and collision insurance policy (i) in an amount at least equal to the lesser of (a) its maximum insurable value
and (b) the principal amount due from the Obligor under the related Receivable, (ii) naming AmeriCredit, an Originating Affiliate or a Titled Third-

  
 SCH-B-5 








 
Party Lender (which may be accomplished by the use of a properly registered DBA name in the applicable jurisdiction) as loss payee and (iii) insuring against loss and damage due to
fire, theft, transportation, collision and other risks generally covered by comprehensive and collision coverage. Each Receivable requires the Obligor to maintain physical loss and damage insurance, naming AmeriCredit, an Originating Affiliate or a
Titled Third-Party Lender (which may be accomplished by the use of a properly registered DBA name in the applicable jurisdiction) and its successors and assigns as additional insured parties, and each Receivable permits the holder thereof to obtain
physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so. No Financed Vehicle is insured under a policy of Force-Placed Insurance on the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable.] 

28. Remaining Principal Balance. At the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] the Principal Balance of
each Receivable set forth in the Schedule[s] of Receivables is true and accurate in all material respects. 
 29. Certain Characteristics
of Receivables.  
  

	 	(A)	Each Receivable had a remaining maturity, as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of not less than [    ] months and not more than [    ]
months. 

  

	 	(B)	Each Receivable had an original maturity, as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of not less than [    ] months and more than [    ]
months. 

  

	 	(C)	Each Receivable had a remaining Principal Balance, as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of at least $[    ] and not more than $[    ].


  

	 	(D)	Each Receivable had an Annual Percentage Rate, as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of at least [    ]% and not more than [    ]%.


  

	 	(E)	No Receivable was more than 30 days past due as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable]. 

  

	 	(F)	No funds had been advanced by AmeriCredit, any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause
(E) above. 

  

	 	(G)	Each Obligor had a billing address in the United States as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to any Related Document. 


 

	 	(H)	Each Receivable is denominated in, and each Contract provides for payment in, United States dollars. 

  

	 	(I)	 Each Receivable is identified on the Servicer’s master servicing records as 



  
 SCH-B-6 









	 	
an automobile installment sales contract or installment note. 

  

	 	(J)	Each Receivable arose under a Contract that is assignable without the consent of, or notice to, the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the
Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. 

  

	 	(K)	Each Receivable arose under a Contract with respect to which AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract,
delivery of the Financed Vehicle to the related Obligor has occurred. 

  

	 	(L)	[Not more than [    ]% of all Receivables (calculated by Aggregate Principal Balance) which have been transferred to the Issuer including the [Initial] Receivables as of the [Initial] Cutoff Date
[and all Subsequent Receivables transferred to the Issuer as of such Subsequent Cutoff Date shall be “electronic chattel paper” as such term is defined in the UCC].] 


 

	 	(M)	No automobile related to a Receivable was held in repossession inventory as of the [related] Cutoff Date. 

  

	 	(N)	No Obligor was in bankruptcy as of the [related] Cutoff Date. 

  

	 	(O)	The Seller has not selected the [Initial] Receivables [and the Subsequent Receivables] in a manner that it believes is adverse to the interests of the Noteholders. 


30. No Further Amounts Owed on Receivables. At the time each Receivable was acquired from an Origination Affiliate, a Dealer or a
Third-Party Lender, no further amounts were owed by the Seller to the Obligor under the Receivable. 
 31. Interest Calculation. Each
Contract provides for the calculation of interest payable thereunder under either the “simple interest” method, the “Rule of 78’s” method or the “precomputed interest” method. 

32. Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to the Lockbox
Processor for deposit into the Lockbox Account. 
 33. Transfer. Each Receivable prohibits the sale or transfer of the Financed
Vehicle without the consent of the Seller. 
 34. Prepayment. Each Receivable allows for prepayment and partial prepayments without
penalty and requires that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on the Receivable’s Annual Percentage Rate. 

  
 SCH-B-7 








 35. Lien Enforcement. Each Receivable provides for enforcement of the lien or the clear
legal right of repossession, as applicable, on the Financed Vehicle securing such Receivable. 
 36. Prospectus Supplement
Description. Each Receivable conforms, and all Receivables in the aggregate conform, in all material respects to the description thereof set forth in the Prospectus Supplement. 

37. Risk of Loss. Each Contract contains provisions requiring the Obligor to assume all risk of loss or malfunction on the related
Financed Vehicle, requiring the Obligor to pay all sales, use, property, excise and other similar taxes imposed on or with respect to the Financed Vehicle and making the Obligor liable for all payments required to be made thereunder, without any
setoff, counterclaim or defense for any reason whatsoever, subject only to the Obligor’s right of quiet enjoyment. 
 38. Leasing
Business. To the best of the Seller’s and the Servicer’s knowledge, as appropriate, no Obligor is a Person involved in the business of leasing or selling equipment of a type similar to the Obligor’s related Financed Vehicle. 

39. Consumer Leases. No Receivable constitutes a “consumer lease” under either (a) the UCC as in effect in the
jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. 
 40. Perfection. The Seller
has taken all steps necessary to perfect its security interest against the related Obligors in the property securing the Receivables and will take all necessary steps on behalf of the Issuer to maintain the Issuer’s perfection of the security
interest created by each Receivable in the related Financed Vehicle. 

  
 SCH-B-8 








 [EXHIBIT A] 

[SUBSEQUENT PURCHASE AGREEMENT] 

[Transfer No.             of Subsequent Receivables, dated as of
            , 20    , pursuant to a Purchase Agreement (the “Purchase Agreement”) dated as of
            , 20    , between AMERICREDIT FINANCIAL SERVICES, INC., a Delaware corporation (the “Seller”), and AFS SENSUB CORP., a Nevada corporation
(the “Purchaser”). 
 W I T N E S S E T H: 

WHEREAS pursuant to the Purchase Agreement, the Seller wishes to convey the Subsequent Receivables to the Purchaser; and 

WHEREAS, the Purchaser is willing to accept such conveyance subject to the terms and conditions hereof. 

NOW, THEREFORE, the Seller and the Purchaser hereby agree as follows: 

1. Defined Terms. Capitalized terms used herein shall have the meanings ascribed to them in the Purchase Agreement unless otherwise
defined herein. 
 “Subsequent Cutoff Date” shall mean, with respect to the Subsequent Receivables conveyed hereby,
            , 20    . 
 “Subsequent Transfer
Date” shall mean, with respect to the Subsequent Receivables conveyed hereby,             , 20    . 

2. Schedule of Receivables. Attached hereto as Schedule A is a supplement to Schedule A to the Purchase Agreement listing the
Receivables that constitute the Subsequent Receivables to be conveyed pursuant to this Agreement on the Subsequent Transfer Date. 
 3.
Conveyance of Subsequent Receivables. In consideration of the Purchaser’s delivery to, or upon the order of, the Seller of $            , the Seller does hereby sell, transfer,
assign, set over and otherwise convey to the Purchaser, without recourse (except as expressly provided in the Purchase Agreement), all right, title and interest of the Seller in and to: 

(a) the Subsequent Receivables and all moneys received thereon, after the Subsequent Cutoff Date; 

(b) the security interests in the Financed Vehicles granted by Obligors pursuant to the respective Subsequent Receivables and
any other interest of the Seller in such Financed Vehicles; 
 (c) any proceeds and the right to receive proceeds with
respect to the respective Subsequent Receivables from claims and on any physical damage, credit life or disability insurance policies covering the related Financed Vehicles or Obligors and any proceed from the liquidation of such Subsequent
Receivables; 

  
 Ex-A-1 








 (d) any proceeds from any Subsequent Receivable repurchased by a Dealer pursuant
to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement; 

(e) all rights under any Service Contracts on the related Financed Vehicles; 

(f) the related Receivables Files; 

(g) all of the Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and
(v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (f); and 

(h) all proceed and investments with respect to items (a) through (g). 

The execution and delivery of this Agreement shall constitute an acknowledgment by the Seller and the Purchaser that they intend that the
assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Subsequent Receivables and the Subsequent Other Conveyed Property, conveying good title thereto free and clear of any Liens, from the
Seller to the Purchaser, and that the Subsequent Receivables and the Subsequent Other Conveyed Property shall not be a part of the Seller’s estate in the event of the bankruptcy, reorganization, arrangement, insolvency or liquidation
proceeding, or other proceeding under any federal or state bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to the Seller. In the event that such conveyance is determined to be made as security for a loan
made by the Purchaser, the Issuer, the Noteholders or the Certificateholder to the Seller, the parties hereto intend that the Seller shall have granted to the Purchaser a security interest in all of the Seller’s right, title and interest in and
to the Subsequent Receivables and the Subsequent Other Conveyed Property conveyed pursuant to this Section 3, and that this Agreement shall constitute a security agreement under applicable law. 

4. Representations and Warranties of the Seller. The Seller hereby represents and warrants to the Purchaser as of the date of this
Agreement and as of the Subsequent Transfer Date that: 
 (a) Schedule of Representations. The representations and
warranties relating to the Subsequent Receivables set forth on the Schedule of Representations attached as Schedule B to the Purchase Agreement are true and correct. 

(b) Organization and Good Standing. The Seller has been duly organized, is validly existing as a corporation in good
standing under the laws of the State of Delaware with power and authority to own its properties and to conduct its businesses as such properties are currently owned and such business is currently conducted, and has had at all relevant times, and now
has, the power, authority and legal right to acquire, own and sell the Subsequent Receivables and the Subsequent Other Conveyed Property transferred to the Purchaser. 

(c) Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing, and
has obtained all necessary licenses and approvals in all 

  
 Ex-A-2 








 
jurisdictions where the failure to do so would materially and adversely affect the Seller’s ability to transfer the respective Subsequent Receivables and the Subsequent Other Conveyed
Property to the Purchaser pursuant to this Agreement, or the validity or enforceability of the respective Subsequent Receivables and the Subsequent Other Conveyed Property or to perform the Seller’s obligations hereunder and under the
Seller’s Related Documents. 
 (d) Power and Authority. The Seller has the power and authority to execute and
deliver this Agreement and its Related Documents and to carry out its terms and their terms; the Seller has full power and authority to sell and assign the Subsequent Receivables and the Subsequent Other Conveyed Property to be sold and assigned to
and deposited with the Purchaser by it and has duly authorized such sale and assignment to the Purchaser by all necessary corporate action; and the execution, delivery and performance of this Agreement and the Seller’s Related Documents have
been duly authorized by the Seller by all necessary corporate action. 
 (e) Valid Sale, Binding Obligations. This
Agreement effects a valid sale, transfer and assignment of the respective Subsequent Receivables and the Subsequent Other Conveyed Property, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the
Seller’s Related Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a
proceeding in equity or at law. 
 (f) No Violation. The consummation of the transactions contemplated by this
Agreement and the Related Documents and the fulfillment of the terms of this Agreement and the Related Documents shall not conflict with, result in any breach of any of the terms and provisions of or constitute (with or without notice, lapse of time
or both) a default under the certificate of incorporation or bylaws of the Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Seller is a party or by which it is bound, or result in the creation or
imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Seller
of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or any of their respective properties. 

(g) No Proceedings. There are no proceedings or investigations pending or, to the Seller’s knowledge, threatened
against the Seller, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Seller or its properties (A) asserting the invalidity of this Agreement or any of the
Related Documents, (B) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (C) seeking any determination or ruling that might materially and adversely affect the
performance by the 

  
 Ex-A-3 








 
Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents, or (D) seeking to adversely affect the federal income tax or other
federal, state or local tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the respective Subsequent Receivables and the Subsequent Other Conveyed Property hereunder. 

(h) Chief Executive Office. The chief executive office of the Seller is at [801 Cherry Street, Suite 3500, Fort Worth,
Texas 76102]. 
 (i) Legal Name. The Seller’s exact legal name is, and at all times has been, the name indicated
for it on the signature page below. 
 (j) Organization. the Seller is, and at all times has been, a corporation
organized exclusively under the laws of Delaware. 
 (k) Principal Balance. The aggregate Principal Balance of the
Subsequent Receivables transferred by the Seller listed on Schedule A attached hereto and conveyed to the Purchaser pursuant to this Agreement as of the Subsequent Cutoff Date is
$            . 
 (l) Seller’s Intention. The
Subsequent Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the United States Bankruptcy Code, as the same may be amended from time to time. 

5. Representations and Warranties of the Purchaser. The Purchaser hereby represents and warrants to the Seller as of the date of this
Agreement and as of the Subsequent Transfer Date that: 
 (a) Organization and Good Standing. Purchaser has been duly
organized and is validly existing and in good standing as a corporation under the laws of the State of Nevada, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is
currently conducted, and had at all relevant times, and has, full power, authority and legal right to acquire and own the Subsequent Receivables and the Subsequent Other Conveyed Property, and to transfer the Subsequent Receivables and the
Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement. 
 (b) Due
Qualification. Purchaser is duly qualified to do business as a foreign corporation, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect
Purchaser’s ability to acquire the Subsequent Receivables or the Subsequent Other Conveyed Property, and to transfer the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and Servicing
Agreement, or the validity or enforceability of the Subsequent Receivables and the Subsequent Other Conveyed Property or to perform Purchaser’s obligations hereunder and under the Purchaser’s Related Documents. 

(c) Power and Authority. Purchaser has the power, authority and legal right to execute and deliver this Agreement and to
carry out the terms hereof and to acquire the 

  
 Ex-A-4 








 
Subsequent Receivables and the Subsequent Other Conveyed Property hereunder; and the execution, delivery and performance of this Agreement and all of the documents required pursuant hereto have
been duly authorized by Purchaser by all necessary corporate action. 
 (d) No Consent Required. Purchaser is not
required to obtain the consent of any other Person, or any consent, license, approval or authorization or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery or performance of
this Agreement and the Related Documents, except for such as have been obtained, effected or made. 
 (e) Binding
Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization,
conservatorship, receivership, liquidation and other similar laws and to general equitable principles. 
 (f) No
Violation. The execution, delivery and performance by Purchaser of this Agreement, the consummation of the transactions contemplated by this Agreement and the Related Documents and the fulfillment of the terms of this Agreement and the Related
Documents do not and will not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice, lapse of time or both) a default under, the certificate of incorporation or bylaws of Purchaser, or
conflict with or breach any of the terms or provisions of, or constitute (with or without notice or lapse of time) a default under, any indenture, agreement, mortgage, deed of trust or other instrument to which Purchaser is a party or by which
Purchaser is bound or to which any of its properties are subject, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument
(other than the Sale and Servicing Agreement), or violate any law, order, rule or regulation, applicable to Purchaser or its properties, of any federal or state regulatory body, any court, administrative agency, or other governmental instrumentality
having jurisdiction over Purchaser or any of its properties. 
 (g) No Proceedings. There are no proceedings or
investigations pending, or, to the knowledge of Purchaser, threatened against Purchaser, before any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality having jurisdiction over Purchaser or its
properties: (i) asserting the invalidity of this Agreement or any of the Related Documents, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents,
(iii) seeking any determination or ruling that might materially and adversely affect the performance by Purchaser of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or (iv) that
may adversely affect the federal or state income tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the Subsequent Receivables and the Subsequent Other Conveyed Property
hereunder or the transfer of the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement. 

In the event of any breach of a representation and warranty made by Purchaser hereunder, Seller covenants and agrees that it will not take any
action to pursue any remedy that it 

  
 Ex-A-5 








 
may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes, the Certificate, pass-through certificates or other similar securities
issued by Purchaser, or a trust or similar vehicle formed by Purchaser, have been paid in full. Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by Purchaser,
Issuer or by the Trustee on behalf of the Noteholders and Owner Trustee on behalf of the Certificateholder. 
 6. Conditions
Precedent. The obligation of the Purchaser to acquire the Subsequent Receivables hereunder is subject to the satisfaction, on or prior to the Subsequent Transfer Date, of the following conditions precedent: 

(a) Representations and Warranties. Each of the representations and warranties made by the Seller in Sections 4 and 5 of
this Agreement and in Sections 3.1 and 3.2 of the Purchase Agreement shall be true and correct as of the date of this Agreement and as of the Subsequent Transfer Date. 

(b) Conditions. Upon the resale of the Subsequent Receivables sold by the Seller to the Purchaser hereunder and by the
Purchaser to the Issuer pursuant to the Sale and Servicing Agreement and any related Subsequent Transfer Agreement, the conditions precedent to such sale, set forth in Section 2.2(b) of the Sale and Servicing Agreement shall be satisfied. 

(c) Additional Information. The Seller shall have delivered to the Purchaser such information as was reasonably
requested by the Purchaser to satisfy itself as to (i) the accuracy of the representations and warranties set forth in Section 4 of this Agreement and in Sections 3.1 and 3.2 of the Purchase Agreement and (ii) the satisfaction of the
conditions set forth in this Section. 
 7. Ratification of Agreement. As supplemented by this Agreement, the Purchase Agreement is in
all respects ratified and confirmed and the Purchase Agreement as so supplemented by this Agreement shall be read, taken and construed as one and the same instrument. 

8. Counterparts. This Agreement may be executed in two or more counterparts (and by different parties in separate counterparts), each of
which shall be an original but all of which together shall constitute one and the same instrument. 
 9. Conveyance of the Subsequent
Receivables and the Subsequent Other Conveyed Property to the Issuer. The Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Subsequent Receivables and the Subsequent Other Conveyed Property,
together with its rights under this Agreement, to the Issuer on the Subsequent Transfer Date. The Seller acknowledges and consents to such conveyance and pledges and waives any further notice thereof and covenants and agrees that the representations
and warranties of the Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the
foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the 

  
 Ex-A-6 








 
Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly liable to the Issuer, the
Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser to perform its duties and obligations hereunder or under Related Documents) and that the Trust
Collateral Agent may enforce the duties and obligations of the Seller under this Agreement against the Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. 

10. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THIS AGREEMENT AND ALL MATTERS ARISING OUT OF OR RELATING
IN ANY WAY TO THE AGREEMENT SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 Ex-A-7 








 IN WITNESS WHEREOF, the Seller and the Purchaser have caused this Agreement to be duly executed
and delivered by their respective duly authorized officers as of day and the year first above written. 
  

			
	 AMERICREDIT FINANCIAL SERVICES, INC.,

    as Seller

		
	By:	 	  

		 	Name:
		 	Title:
	
	AFS SENSUB CORP., as Purchaser
		
	By:	 	  

		 	Name:
		 	Title:


  

			
	Acknowledged and Accepted:
	
	 [TRUST COLLATERAL AGENT],
 not in
its individual capacity but solely as Trust Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:


  
 Ex-A-8 








 SCHEDULE A 

SCHEDULE OF SUBSEQUENT RECEIVABLES] 

  
 Ex-A-9