Document:

Exhibit 10.3

  

  	 

  

   

  DAIMLER TRUCKS RETAIL TRUST 20[__]-[_],

    as Issuer,

   

  MERCEDES-BENZ FINANCIAL SERVICES USA LLC,

    as Servicer and Administrator,

   

  and

   

  [●],

    as Asset Representations Reviewer

   

  

   

  

   

  

   

  

   

  

   

  	
           

           

          

          ASSET REPRESENTATIONS REVIEW AGREEMENT

           

          Dated as of [●], 20[__]

           

          

           

        

   

  

  	 

   

   

  
    
      
 

  

  
  TABLE OF CONTENTS

   

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          ARTICLE One

           

          DEFINITIONS

        
	Section 1.01. Capitalized Terms; Rules of Usage	1
	
          ARTICLE Two

           

          ENGAGEMENT; ACCEPTANCE

        
	Section 2.01. Engagement; Acceptance	3
	Section 2.02. Confirmation of Status	3
	
          ARTICLE Three

           

          ASSET REPRESENTATIONS REVIEW PROCESS

        
	Section 3.01. Review Notices and Identification of Review Assets	3
	Section 3.02. Review Materials	4
	Section 3.03. Performance of Reviews	4
	Section 3.04. Review Report	5
	Section 3.05. Review Representatives	5
	Section 3.06. Dispute Resolution	5
	Section 3.07. Limitations on Review Obligations	6
	
          ARTICLE Four

           

          ASSET REPRESENTATIONS REVIEWER

        
	Section 4.01. Representations and Warranties of the Asset Representations Reviewer	6
	Section 4.02. Covenants	7
	Section 4.03. Fees and Expenses	8
	Section 4.04. Limitation on Liability	9
	Section 4.05. Indemnification by Asset Representations Reviewer	9
	Section 4.06. Indemnification of Asset Representations Reviewer	9
	Section 4.07. Inspections of Asset Representations Reviewer	10
	Section 4.08. Delegation of Obligations	10
	Section 4.09. Confidential Information	11
	Section 4.10. Personally Identifiable Information	11

   

  
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          ARTICLE Five 

           

          REMOVAL; RESIGNATION

        
	Section 5.01. Eligibility of the Asset Representations Reviewer	13
	Section 5.02. Resignation and Removal of Asset Representations Reviewer	13
	Section 5.03. Successor Asset Representations Reviewer	14
	Section 5.04. Merger, Consolidation or Succession	14
	
          ARTICLE Six 

           

          OTHER AGREEMENTS

        
	Section 6.01. Independence of the Asset Representations Reviewer	15
	Section 6.02. No Petition	15
	Section 6.03. Limitation of Liability of Owner Trustee	15
	Section 6.04. Termination of Agreement	15
	
          ARTICLE Seven 

           

          MISCELLANEOUS PROVISIONS

        
	Section 7.01. Amendments	16
	Section 7.02. Assignment; Benefit of Agreement; Third Party Beneficiaries	16
	Section 7.03. Notices	16
	Section 7.04. GOVERNING LAW	17
	Section 7.05. WAIVER OF JURY TRIAL	17
	Section 7.06. No Waiver; Remedies	17
	Section 7.07. Severability	17
	Section 7.08. Table of Contents and Headings	17
	Section 7.09. Counterparts	18

   

  SCHEDULES

   

  	Schedule A – Representations and Warranties, Review Materials and Tests	SA-1

   

  
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  This ASSET REPRESENTATIONS REVIEW AGREEMENT, dated as of [●], 20[__] (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”),
    is among DAIMLER TRUCKS RETAIL TRUST 20[__]-[_], a Delaware statutory trust (the “Issuer”), MERCEDES-BENZ FINANCIAL SERVICES USA, a Delaware limited liability company, as servicer and administrator (in such capacities, the “Servicer” and the
    “Administrator” respectively), and [●], a [●] (the “Asset Representations Reviewer”).

   

  WHEREAS, the Issuer will engage the Asset Representations Reviewer to perform a review of certain receivables arising in connection with installment sales contracts
    and loans secured by trucking and transportation equipment for compliance with certain representations and warranties made with respect thereto; and

   

  WHEREAS, the Asset Representations Reviewer desires to perform such review in accordance with the terms of this Agreement.

   

  NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
    hereto agree as follows:

   

  ARTICLE One

    

    DEFINITIONS

   

  Section 1.01. Capitalized Terms; Rules of Usage. Capitalized terms used in this Agreement that are not otherwise defined shall have the meanings ascribed
    thereto in Appendix A to the Sale and Servicing Agreement, dated as of [●], 20[__], among the Issuer, the Depositor, and Mercedes-Benz Financial Services USA LLC, which Appendix is hereby incorporated into and made a part of this Agreement. Appendix A
    also contains rules as to usage applicable to this Agreement. Whenever used herein, unless the context otherwise requires, the following words and phrases shall have the respective meanings set forth below for all purposes of this Agreement. In the
    event of any conflict between a definition appearing below and any other Basic Document, the definition appearing below shall control for purposes of this Agreement.

   

  “Annual Fee” has the meaning stated in Section 4.03(a).

   

  “Annual Period” means each annual period commencing on the Closing Date, in the case of the first such period, and otherwise on the most recent anniversary of
    the Closing Date and ending on the next anniversary of the Closing Date.

   

  “ARR Indemnified Person” means each of the Asset Representations Reviewer and its officers, directors, employees and agents.

   

  
    
      
 

  

  
  “Confidential Information” means oral, written and electronic materials (irrespective of its source or form of communication) furnished before, on or after
    the date of this Agreement to the Asset Representations Reviewer for the purposes contemplated by this Agreement, including (i) lists of Review Assets and any related Review Materials, (ii) origination and servicing guidelines, policies and procedures,
    and form contracts and (iii) notes, analyses, compilations, studies or other documents or records prepared by the Servicer, which contain information supplied by or on behalf of the Servicer or its representatives; provided, that Confidential
    Information will not include information that (a) is or becomes generally available to the public other than as a result of disclosure by the Information Recipients, (b) was available to, or becomes available to, the Information Recipients on a
    non-confidential basis from a Person or entity other than the Issuer or the Servicer before its disclosure to the Information Recipients who, to the knowledge of the Information Recipient is not bound by a confidentiality agreement with the Issuer or
    the Servicer and is not prohibited from transmitting the information to the Information Recipients, (c) is independently developed by the Information Recipients without the use of the Confidential Information, as shown by the Information Recipients’
    files and records or other evidence in the Information Recipients’ possession or (d) the Issuer or the Servicer provides permission to the applicable Information Recipients to release.

   

  “Eligible Representations” means those representations identified within the “Tests” included in Schedule A.

   

  “Information Recipients” means the Asset Representations Reviewer and its officers, directors, employees, agents, representatives or affiliates, including
    legal counsel.

   

  “Issuer PII” means PII furnished by the Issuer, the Servicer or their Affiliates to the Asset Representations Reviewer and PII developed or otherwise
    collected or acquired by the Asset Representations Reviewer in performing its obligations under this Agreement.

   

  “Personally Identifiable Information” or “PII” means information in any format about an identifiable individual, including, name, address, phone
    number, e-mail address, account number(s), identification number(s), any other actual or assigned attribute associated with or identifiable to an individual and any information that when used separately or in combination with other information could
    identify an individual.

   

  “Review” means the completion by the Asset Representations Reviewer of the procedures listed under “Tests” in Schedule A for each Review Asset as described in
    Section 3.03.

   

  “Review Assets” means those Receivables identified by the Servicer as requiring a Review by the Asset Representations Reviewer following receipt of a Review
    Notice according to Section 3.01.

   

  “Review Fee” has the meaning stated in Section 4.03(b).

   

  “Review Materials” means the documents, data and other information required for each “Test” in Schedule A.

   

  “Review Notice” means a notice delivered to the Asset Representations Reviewer by the Indenture Trustee pursuant to Section 7.02 of the Indenture.

   

  
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  “Review Report” means the report prepared and delivered by the Asset Representations Reviewer pursuant to Section 3.04, which will, among other things, (i)
    indicate for each Review Asset whether there was a Test Pass, Test Fail or Test Complete for each related Test, (ii) include, for each Test Fail or Test Complete, the related reason for such Test Fail or Test Complete, including (for example) whether
    the Review Asset was a Test Fail as a result of missing or incomplete Review Materials and (iii) contain a summary of the Review results to be included in the Issuer’s Form 10-D report for the Collection Period in which the Review Report is received.

   

  “Test Complete” has the meaning stated in Section 3.03(c).

   

  “Test Fail” has the meaning stated in Section 3.03(a).

   

  “Test Pass” has the meaning stated in Section 3.03(a).

   

  “Tests” mean the procedures listed in Schedule A as applied to the process described in Section 3.03.

   

  ARTICLE Two

    

    ENGAGEMENT; ACCEPTANCE

   

  Section 2.01. Engagement; Acceptance. The Issuer hereby engages [●] to act as the Asset Representations Reviewer for the Issuer. [●] accepts the engagement
    and agrees to perform the obligations of the Asset Representations Reviewer on the terms stated in this Agreement.

   

  Section 2.02. Confirmation of Status. The parties confirm that the Asset Representations Reviewer is not responsible for (i) reviewing the Receivables for
    compliance with the representations and warranties under the Sale and Servicing Agreement, except as described in this Agreement, or (ii) determining whether noncompliance with the representations or warranties constitutes a breach of the Sale and
    Servicing Agreement.

   

  ARTICLE Three

    

    ASSET REPRESENTATIONS REVIEW PROCESS

   

  Section 3.01. Review Notices and Identification of Review Assets. On receipt of a Review Notice from the Indenture Trustee pursuant to Section 7.02 of the
    Indenture, the Asset Representations Reviewer will start a Review. Once a Review Notice has been issued, the Servicer will provide the list of Review Assets to the Asset Representations Reviewer within ten Business Days. The Asset Representations
    Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets is received. The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review
    Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the Servicer.

   

  
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  Section 3.02. Review Materials.

   

  (a)           Access to Review Materials. Within 60 days of the delivery of
    a Review Notice, the Servicer will provide the Asset Representations Reviewer with access to the Review Materials for all Review Assets in one or more of the following ways: (i) by providing access to the Servicer’s systems, either remotely or at an
    office of the Servicer, (ii) by electronic posting to a password-protected website to which the Asset Representations Reviewer has access, (iii) by providing originals or photocopies at an office of the Servicer or (iv) in another manner agreed by the
    Servicer and the Asset Representations Reviewer. The Servicer may redact or remove Personally Identifiable Information from the Review Materials without changing the meaning or usefulness of the Review Materials. Once a Review Notice has been issued,
    the Servicer will provide the list of Review Assets to the Asset Representations Reviewer within ten Business Days. The Asset Representations Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets
    is received. The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the
    Servicer.

   

  (b)           Missing or Insufficient Review Materials. The Asset
    Representations Reviewer will review the Review Materials to determine if any Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test. If the Asset Representations Reviewer determines that any Review
    Materials are missing or insufficient, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than 30 days before completing the Review. The Servicer will have 60 days to give the Asset Representations Reviewer
    access to the missing Review Materials or other documents or information to correct the insufficiency. If the missing Review Materials or other documents have not been provided by the Servicer within 60 days, the related Review Report will report a
    Test Fail for each Test that requires use of the missing or insufficient Review Materials.

   

  Section 3.03. Performance of Reviews.

   

  (a)           Test Procedures. For a Review, the Asset Representations
    Reviewer will perform, for each Review Asset, the Tests for each Eligible Representation. In the course of its review, the Asset Representations Reviewer will use the Review Materials listed in Schedule A. For each Test and Review Asset, the Asset
    Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”).

   

  (b)           Review Period. The Asset Representations Reviewer will
    complete the Review within 60 days of receiving access to the Review Materials. If, however, additional Review Materials are provided to the Asset Representations Reviewer as described in Section 3.02(b), the Review period will be extended for an
    additional 30 days.

   

  (c)           Completion of Review for Certain Review Assets. Following the
    delivery of the list of the Review Assets and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Review Asset has been paid in full by the Obligor or purchased
    from the Issuer in accordance with the terms of the Sale and Servicing Agreement. On receipt of such notice, the Asset Representations Reviewer will immediately terminate all Tests of the related Review Asset and the Review of such Review Assets will
    be considered complete (a “Test Complete”). In this case, the related Review Report will indicate a Test Complete for such Review Asset and the related reason.

   

  
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  (d)           Duplicative Tests. If the same Test is required for more than
    one representation and warranty, the Asset Representations Reviewer will only perform the Test once for each Review Asset, but will report the results of the Test for each applicable representation and warranty on the Review Report.

   

  (e)           Termination of Review. If a Review is in process and the Notes
    will be paid in full on the next Payment Date, the Servicer will notify the Asset Representations Reviewer no less than five days before that Payment Date. On receipt of such notice, the Asset Representations Reviewer will terminate the Review
    immediately and will not be obligated to deliver a Review Report.

   

  Section 3.04. Review Report. Within five Business Days after the end of the applicable Review period under Section 3.03(b), the Asset Representations
    Reviewer will deliver to the Issuer, the Servicer and the Indenture Trustee a Review Report. The Asset Representations Reviewer will ensure that the Review Report does not contain any Personally Identifiable Information. On reasonable request of the
    Servicer, the Asset Representations Reviewer will provide additional details on the Test results.

   

  Section 3.05. Review Representatives.

   

  (a)           Servicer Representative. The Servicer will designate one or
    more representatives who will be available to assist the Asset Representations Reviewer in performing the Review, including responding to requests and answering questions from the Asset Representations Reviewer about access to Review Materials on the
    Servicer’s originations, receivables or other systems, obtaining missing or insufficient Review Materials and/or providing clarification of any Review Materials or Tests.

   

  (b)           Asset Representations Review Representative. The Asset
    Representations Reviewer will designate one or more representatives who will be available to the Issuer, the Servicer and the Administrator during the performance of a Review.

   

  (c)           Questions About Review. The Asset Representations Reviewer
    will make appropriate personnel available to respond in writing to written questions or requests for clarification of any Review Report from the Indenture Trustee or the Servicer until the earlier of (i) the payment in full of the Notes and (ii) one
    year after the delivery of the Review Report. The Asset Representations Reviewer will not be obligated to respond to questions or requests for clarification from Noteholders or any other Person and will direct such Persons to submit written questions
    or requests to the Servicer.

   

  Section 3.06. Dispute Resolution. If a Review Asset that was the subject of a Review becomes the subject of a dispute resolution proceeding under Section
    3.17 of the Sale and Servicing Agreement, the Asset Representations Reviewer will participate in the dispute resolution proceeding on request of a party to the proceeding. The reasonable out-of-pocket expenses of the Asset Representations Reviewer for
    its participation in any dispute resolution proceeding will be considered expenses of the requesting party for the dispute resolution and will be paid, in the case of (i) an arbitration, by a party to the dispute resolution as determined by the
    arbitrator for the dispute resolution, and (ii) a mediation, as the parties shall mutually determine, in each case according to Section 3.17 of the Sale and Servicing Agreement. If not paid by a party to the dispute resolution, the expenses will be
    reimbursed by the Issuer pursuant to Section 4.03(d).

   

  
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  Section 3.07. Limitations on Review Obligations.

   

  (a)           Review Process Limitations. The Asset Representations Reviewer
    will have no obligation (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct a Review under the Indenture; (ii) to determine which Receivables are subject to a Review, (iii)
    to obtain or confirm the validity of the Review Materials, (iv) to obtain missing or insufficient Review Materials, (v) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches
    of representations or warranties about the Eligible Representations, (vi) to determine the reason for the delinquency of any Review Asset, the creditworthiness of any Obligor, the overall quality of any Review Asset or the compliance by the Servicer
    with its covenants with respect to the servicing of such Review Asset or (vii) to establish cause, materiality or recourse for any failed Test.

   

  (b)           Testing Procedure Limitations. The Asset Representations
    Reviewer will only be required to perform the “Tests” listed in Schedule A, and will not be obligated to perform additional procedures on any Review Asset or to provide any information other than a Review Report. The Asset Representations Reviewer may,
    however, provide additional information in a Review Report about any Review Asset that it determines in good faith to be material to the Review.

   

  ARTICLE Four

    

    ASSET REPRESENTATIONS REVIEWER

   

  Section 4.01. Representations and Warranties of the Asset Representations Reviewer. The Asset Representations Reviewer hereby makes the following
    representations and warranties as of the Closing Date:

   

  (a)           Organization and Qualification. The Asset
    Representations Reviewer is duly organized and validly existing as a limited liability company in good standing under the laws of State of Delaware. The Asset Representations Reviewer is qualified as a foreign limited liability company in good standing
    and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires the qualification, license or approval, unless the failure to obtain the
    qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s ability to perform its obligations under this Agreement.

   

  (b)           Power, Authority and Enforceability. The Asset
    Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is
    the legal, valid and binding obligation of the Asset Representations Reviewer, enforceable against the Asset Representations Reviewer except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of
    creditors’ rights or by general equitable principles.

   

  
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  (c)           No Conflicts and No Violation. The completion of the
    transactions contemplated by this Agreement and the performance of the Asset Representations Reviewer’s obligations under this Agreement will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan
    agreement, guarantee or similar document under which the Asset Representations Reviewer is a debtor or guarantor, (ii) result in the creation or imposition of a Lien on the properties or assets of the Asset Representations Reviewer under the terms of
    any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document, (iii) violate the organizational documents of the Asset Representations Reviewer or (iv) violate any Applicable Law or, to the Asset Representations Reviewer’s
    knowledge, an order, rule or regulation of a Governmental Authority having jurisdiction over the Asset Representations Reviewer or its properties that applies to the Asset Representations Reviewer, which, in each case, would reasonably be expected to
    have a material adverse effect on the Asset Representations Reviewer’s ability to perform its obligations under this Agreement.

   

  (d)           No Proceedings. To the Asset Representations
    Reviewer’s knowledge, there are no proceedings or investigations pending or threatened in writing before a Governmental Authority having jurisdiction over the Asset Representations Reviewer or its properties (i) asserting the invalidity of this
    Agreement, (ii) seeking to prevent the completion of the transactions contemplated by this Agreement or (iii) seeking any determination or ruling that would reasonably be expected to have a material adverse effect on the Asset Representations
    Reviewer’s ability to perform its obligations under, or the validity or enforceability of, this Agreement.

   

  (e)           Eligibility. The Asset Representations Reviewer
    meets the eligibility requirements in Section 5.01.

   

  Section 4.02. Covenants. The Asset Representations Reviewer covenants and agrees that:

   

  (a)           Eligibility. It will notify the Issuer and the
    Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.01.

   

  (b)           Review Systems; Personnel. It will maintain business
    process management and/or other systems necessary to ensure that it can perform each Test and, on execution of this Agreement, will load each Test into these systems. The Asset Representations Reviewer will ensure that these systems allow for each
    Review Asset and the related Review Materials to be individually tracked and stored as contemplated by this Agreement. The Asset Representations Reviewer will maintain adequate staff that is properly trained to conduct Reviews as required by this
    Agreement.

   

  
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  (c)           Maintenance of Review Materials. It will maintain
    copies of any Review Materials, Review Reports and other documents relating to a Review, including internal correspondence and work papers, for a period of at least two years after any termination of this Agreement.

   

  Section 4.03. Fees and Expenses.

   

  (a)           Annual Fee. As compensation for its activities hereunder, the
    Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $[●]. The Annual Fee will be paid by the Issuer on the Closing
    Date and on each anniversary of the Closing Date until this Agreement is terminated; provided, however, that if the Asset Representations Reviewer resigns or is removed in accordance with Section 5.02, then the Asset Representations Reviewer shall
    refund to the Issuer a portion of the Annual Fee attributable to the portion of the annual period during which the Asset Representations Reviewer will no longer act as the Asset Representations Reviewer, assuming for purposes of such calculation that
    the Annual Fee for each day during the annual period is an amount equal to the Annual Fee divided by 365.

   

  (b)           Review Fee. Following the completion of a Review and the
    delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be
    entitled to a fee of $[●] for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No Review Fee will, however, be charged for any Review Asset which was included in a prior Review or for which no Tests were
    completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before
    the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. However, if a Review is terminated according to Section 3.03(e), the Asset Representations
    Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business Days before the final Payment Date to be reimbursed on such final Payment Date.

   

  (c)           Reimbursement of Travel Expenses. If the Servicer provides
    access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review upon receipt of a detailed invoice.

   

  (d)           Dispute Resolution Expenses. If the Asset Representations
    Reviewer participates in a dispute resolution proceeding under Section 3.07 and its reasonable out-of-pocket expenses for participating in the proceeding are not paid by a party to the dispute resolution within 90 days after the end of the proceeding,
    the Issuer will reimburse the Asset Representations Reviewer for such expenses upon receipt of a detailed invoice.

   

  
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  (e)           Payment of Invoices. When applicable pursuant to this Section,
    the fees and expenses of the Asset Representations Reviewer are to be paid via the priority of payments described in Section 2.08 of the Indenture. The Asset Representations Reviewer will issue invoices to the Issuer at the notices addresses set forth
    in Section 11.04 of the Indenture and Issuer shall pay all invoices submitted by the Asset Representations Reviewer no later than the Payment Date relating to the Collection Period that includes the 30th day following the receipt by the Issuer, in
    accordance with the priority of payments described in Section 2.08 of the Indenture. The Administrator shall promptly pay to the Asset Representations Reviewer the amount of any fees, expenses and indemnification amounts not otherwise paid or
    reimbursed by the Issuer on any Payment Date in accordance with the terms of Section 2.08 of the Indenture; provided, that the Asset Representations Reviewer shall promptly reimburse the Administrator for any such amounts to the extent it subsequently
    receives payment or reimbursement in respect thereof from the Issuer in accordance with Section 2.08 of the Indenture, as applicable. For the avoidance of doubt, the aggregate limit on the Asset Representations Reviewer fees, expenses and indemnities
    specified in Section 2.08 of the Indenture shall not apply to payments made or to be made by the Administrator to the Asset Representations Reviewer pursuant to this subsection.

   

  Section 4.04. Limitation on Liability. The Asset Representations Reviewer will not be liable to any Person for any action taken, or not taken, in good faith
    under this Agreement or for errors in judgment. The Asset Representations Reviewer will, however, be liable for its willful misconduct, bad faith or negligence in performing its obligations under this Agreement, but in no event will it be liable for
    special, indirect or consequential losses or damages (including lost profit), even if it has been advised of the likelihood of the loss or damage and regardless of the form of action.

   

  Section 4.05. Indemnification by Asset Representations Reviewer. The Asset Representations Reviewer will indemnify each of the Issuer, the Seller, the
    Servicer, the Administrator, the Owner Trustee, the Indenture Trustee and their respective directors, officers, employees and agents for all fees, expenses, losses, damages and liabilities, including any legal fees or expenses incurred in connection
    with the enforcement of the Asset Representations Reviewer’s indemnification or other obligations hereunder, resulting from the Asset Representations Reviewer’s (i) willful misconduct, bad faith or negligence in performing its obligations under this
    Agreement and (ii) breach of any of its representations or warranties in this Agreement. The Asset Representations Reviewer’s obligations under this Section will survive the termination of this Agreement, the termination of the Issuer and the
    resignation or removal of the Asset Representations Reviewer.

   

  Section 4.06. Indemnification of Asset Representations Reviewer.

   

  (a)           Indemnification. The Issuer will, or will cause the
    Administrator to, indemnify each ARR Indemnified Person for all costs, expenses, losses, damages and liabilities resulting from the performance of its obligations under this Agreement (including the fees and expenses of defending itself against any
    loss, damage or liability), but excluding any cost, expense, loss, damage or liability resulting from the Asset Representations Reviewer’s (i) willful misconduct, bad faith or negligence or (ii) breach of any of its representations or warranties in
    this Agreement.

   

  
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  (b)           Proceedings. Promptly on receipt by an ARR Indemnified Person
    of notice of a Proceeding against it, the ARR Indemnified Person will, if a claim is to be made under Section 4.06(a), notify the Issuer and the Administrator of the Proceeding. The Issuer and the Administrator may participate in and assume the defense
    and settlement of a Proceeding at its expense. If the Issuer or the Administrator notifies the ARR Indemnified Person of its intention to assume the defense of the Proceeding with counsel reasonably satisfactory to the ARR Indemnified Person, and so
    long as the Issuer, the Servicer or the Administrator assumes the defense of the Proceeding in a manner reasonably satisfactory to the ARR Indemnified Person, the Issuer and the Administrator will not be liable for fees and expenses of counsel to the
    ARR Indemnified Person unless there is a conflict between the interests of the Issuer or the Administrator, as applicable, and an ARR Indemnified Person. If there is a conflict, the Issuer, the Servicer or the Administrator will pay for the reasonable
    fees and expenses of separate counsel to the ARR Indemnified Person. No settlement of a Proceeding may be made without the approval of the Issuer and the Administrator and the ARR Indemnified Person, which approval will not be unreasonably withheld,
    conditioned or delayed.

   

  (c)           Survival of Obligations. The Issuer’s and the Administrator’s
    obligations under this Section will survive the resignation or removal of the Asset Representations Reviewer and the termination of this Agreement.

   

  (d)           Repayment. If the Issuer or the Administrator makes any
    payment under this Section and an ARR Indemnified Person later collects any of the amounts for which the payments were made to it from others, such ARR Indemnified Person will promptly repay the amounts to the Issuer or the Administrator, as
    applicable.

   

  Section 4.07. Inspections of Asset Representations Reviewer. The Asset Representations Reviewer agrees that, with reasonable advance notice not more than
    once during any year, it will permit authorized representatives of the Issuer, the Servicer or the Administrator, during the Asset Representations Reviewer’s normal business hours, to examine and review its books of account, records, reports and other
    documents and materials relating to (a) the performance of its obligations under this Agreement, (b) payment of its fees and expenses for its performance of its obligations under this Agreement and (c) a claim made by it under this Agreement. In
    addition, the Asset Representations Reviewer will permit the representatives of the Issuer, the Servicer and the Administrator to make copies and extracts of any of those documents and to discuss them with the Asset Representations Reviewer’s officers
    and employees. Each of the Issuer, the Servicer and the Administrator will, and will cause its authorized representatives to, hold in confidence the foregoing information except if disclosure may be required by Applicable Law or if the Issuer, the
    Servicer or the Administrator reasonably determines that it is required to make the disclosure under this Agreement or the other Basic Documents. The Asset Representations Reviewer will maintain all relevant books, records, reports and other documents
    and materials for a period of at least two years after the termination of its obligations under this Agreement.

   

  Section 4.08. Delegation of Obligations. The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any
    Person without the prior written consent of the Issuer and the Servicer.

   

  
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  Section 4.09. Confidential Information.

   

  (a)           Treatment. The Asset Representations Reviewer agrees to hold
    and treat Confidential Information given to it under this Agreement in confidence and under the terms and conditions of this Section, and will implement and maintain safeguards to further assure the confidentiality of the Confidential Information. The
    Confidential Information will not, without the prior written consent of the Issuer and the Servicer, be disclosed or used by any Information Recipient other than for the purposes of performing Reviews of Review Assets or performing its obligations
    under this Agreement. The Asset Representations Reviewer agrees that it will not, and will cause its Affiliates to not, (i) purchase or sell securities issued by the Servicer or its Affiliates or special purpose entities on the basis of Confidential
    Information or (ii) use the Confidential Information for the preparation of research reports, newsletters or other publications or similar communications.

   

  (b)           Protection. The Asset Representations Reviewer will take
    reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of Confidential Information, including those measures that it takes to protect its own confidential information and not less than a reasonable standard of care. The
    Asset Representations Reviewer acknowledges that Personally Identifiable Information is also subject to the additional requirements in Section 4.10.

   

  (c)           Disclosure. If the Asset Representations Reviewer is required
    by Applicable Law to disclose part of the Confidential Information, it may disclose the Confidential Information. However, before a required disclosure, the Asset Representations Reviewer, if permitted by Applicable Law, will use its reasonable efforts
    to provide the Issuer and the Servicer with notice of the requirement and will cooperate, at the Servicer’s expense, in the Issuer’s and the Servicer’s pursuit of a proper protective order or other relief for the disclosure of the Confidential
    Information. If the Issuer and the Servicer are unable to obtain a protective order or other proper remedy by the date that the information is required to be disclosed, the Asset Representations Reviewer will disclose only that part of the Confidential
    Information that it is advised by its legal counsel it is legally required to disclose.

   

  (d)           Responsibility for Information Recipients. The Asset
    Representations Reviewer will be responsible for a breach of this Section by its Information Recipients.

   

  (e)           Violation. The Asset Representations Reviewer agrees that a
    violation of this Agreement may cause irreparable injury to the Issuer and the Servicer and the Issuer and the Servicer may seek injunctive relief in addition to legal remedies. If an action is initiated by the Issuer or the Servicer to enforce this
    Section, the prevailing party will be reimbursed for its fees and expenses, including reasonable attorney’s fees, incurred for the enforcement.

   

  Section 4.10. Personally Identifiable Information.

   

  (a)           Use of Issuer PII. The Issuer does not grant the Asset
    Representations Reviewer any rights to Issuer PII except as otherwise provided in this Agreement. The Asset Representations Reviewer will use Issuer PII only to perform its obligations under this Agreement or as specifically directed in writing by the
    Issuer and will only reproduce Issuer PII to the extent necessary for these purposes. The Asset Representations Reviewer must comply with all Applicable Law relating to PII, Issuer PII and the Asset Representations Reviewer’s business, including any
    legally required codes of conduct, including those relating to privacy, security and data protection. The Asset Representations Reviewer will protect and secure Issuer PII. The Asset Representations Reviewer will implement privacy or data protection
    policies and procedures that comply with Applicable Law and this Agreement. The Asset Representations Reviewer will implement and maintain reasonable and appropriate practices, procedures and systems, including administrative, technical and physical
    safeguards to (i) protect the security, confidentiality and integrity of Issuer PII, (ii) ensure against anticipated threats or hazards to the security or integrity of Issuer PII, (iii) protect against unauthorized access to or use of Issuer PII and
    (iv) otherwise comply with its obligations under this Agreement. These safeguards include a written data security plan, employee training, information access controls, restricted disclosures, systems protections (e.g., intrusion protection, data
    storage protection and data transmission protection) and physical security measures.

   

  
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  (b)           Additional Limitations. In addition to the use and protection
    requirements described in Section 4.10(a), the Asset Representations Reviewer’s disclosure of Issuer PII is also subject to the following requirements:

   

  (i)               The Asset Representations Reviewer will not disclose
    Issuer PII to its personnel or allow its personnel access to Issuer PII except (A) for the Asset Representations Reviewer personnel who require Issuer PII to perform a Review, (B) with the prior consent of the Issuer or (C) as required by Applicable
    Law. When permitted, the disclosure of or access to Issuer PII will be limited to the specific information necessary for the individual to complete the assigned task. The Asset Representations Reviewer will inform personnel with access to Issuer PII of
    the confidentiality requirements in this Agreement and train its personnel with access to Issuer PII on the proper use and protection of Issuer PII.

   

  (ii)               The Asset Representations Reviewer will not sell,
    disclose, provide or exchange Issuer PII with or to any third party without the prior consent of the Issuer.

   

  (c)           Notice of Breach. The Asset Representations Reviewer will
    notify the Issuer, the Administrator and the Servicer promptly in the event of an actual or reasonably suspected security breach, unauthorized access, misappropriation or other compromise of the security, confidentiality or integrity of Issuer PII and,
    where applicable, immediately take action to prevent any further breach.

   

  (d)           Return or Disposal of Issuer PII. Except where return or
    disposal is prohibited by Applicable Law, promptly on the earlier of the completion of the Review or the request of the Issuer, the Administrator or the Servicer, all Issuer PII in any medium in the Asset Representations Reviewer’s possession or under
    its control will be (i) destroyed in a manner that prevents its recovery or restoration or (ii) if so directed by the Issuer, returned to the Issuer without the Asset Representations Reviewer retaining any actual or recoverable copies, in both cases,
    without charge to the Issuer. Where the Asset Representations Reviewer retains Issuer PII, the Asset Representations Reviewer will limit its further use or disclosure of Issuer PII to that required by Applicable Law.

   

  
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  (e)           Compliance; Modification. The Asset Representations Reviewer
    will cooperate with and provide information to the Issuer, the Administrator and the Servicer regarding the Asset Representations Reviewer’s compliance with this Section. The Asset Representations Reviewer and the Issuer agree to modify this Section as
    necessary for either party to comply with Applicable Law.

   

  (f)           Audit of Asset Representations Reviewer. The Asset
    Representations Reviewer will permit the Issuer, the Administrator, the Servicer and their respective authorized representatives, to audit the Asset Representations Reviewer’s compliance with this Section during the Asset Representations Reviewer’s
    normal business hours on reasonable advance notice to the Asset Representations Reviewer, and not more than once during any year unless circumstances necessitate additional audits. The Issuer, the Administrator and the Servicer agree to make reasonable
    efforts to schedule any audit described in this Section with the inspections described in Section 4.07. The Asset Representations Reviewer will also permit the Issuer, the Administrator and the Servicer during normal business hours on reasonable
    advance notice to audit any service providers used by the Asset Representations Reviewer to fulfill its obligations under this Agreement.

   

  (g)           Affiliates and Third Parties. If the Asset Representations
    Reviewer processes the PII of the Issuer’s Affiliates or a third party when performing a Review, and if such Affiliate or third party is identified to the Asset Representations Reviewer, such Affiliate or third party is an intended third-party
    beneficiary of this Section, and this Agreement is intended to benefit the Affiliate or third party. The Affiliate or third party may enforce the PII related terms of this Section against the Asset Representations Reviewer as if each were a signatory
    to this Agreement.

   

  ARTICLE Five

    

    REMOVAL; RESIGNATION

   

  Section 5.01. Eligibility of the Asset Representations Reviewer. The Asset Representations Reviewer must be a Person who (i) is not Affiliated with the
    Issuer, the Depositor, the Servicer, the Indenture Trustee, the Owner Trustee or any of their respective Affiliates and (ii) was not, and is not Affiliated with a Person that was, engaged by the Issuer, the Depositor, the Servicer or any Underwriter to
    perform any due diligence on the Receivables prior to the Closing Date.

   

  Section 5.02. Resignation and Removal of Asset Representations Reviewer.

   

  (a)           No Resignation. The Asset Representations Reviewer will not
    resign as Asset Representations Reviewer unless it determines it is legally unable to perform its obligations under this Agreement and there is no reasonable action that it could take to make the performance of its obligations under this Agreement
    permitted under Applicable Law. In such event, the Asset Representations Reviewer will deliver a notice of its resignation to the Issuer and the Servicer, together with an Opinion of Counsel supporting its determination.

   

  
    13

    
      
 

  

  (b)           Removal. If any of the following events occur, the Issuer, by
    notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:

   

  (i)               the Asset Representations Reviewer no longer meets
    the eligibility requirements in Section 5.01;

   

  (ii)              the Asset Representations Reviewer breaches of any
    of its representations, warranties, covenants or obligations in this Agreement; or

   

  (iii)             an Insolvency Event with respect to the Asset
    Representations Reviewer occurs.

   

  (c)           Notice of Resignation or Removal. The Issuer will notify the
    Servicer and the Indenture Trustee of any resignation or removal of the Asset Representations Reviewer.

   

  (d)           Continue to Perform After Resignation or Removal. The Asset
    Representations Reviewer will continue to perform its obligations under this Agreement, until a successor Asset Representations Reviewer has accepted its engagement according to Section 5.03(b).

   

  Section 5.03. Successor Asset Representations Reviewer.

   

  (a)           Engagement of Successor Asset Representations Reviewer.
    Following the resignation or removal of the Asset Representations Reviewer, the Issuer will engage a successor Asset Representations Reviewer who meets the eligibility requirements of Section 5.01.

   

  (b)           Effectiveness of Resignation or Removal. No resignation or
    removal of the Asset Representations Reviewer will be effective until a successor Asset Representations Reviewer has executed and delivered to the Issuer, the Servicer and the Administrator an agreement accepting its engagement and agreeing to perform
    the obligations of the Asset Representations Reviewer under this Agreement or entering into a new agreement with the parties hereto on substantially the same terms as this Agreement.

   

  (c)           Transition and Expenses. If the Asset Representations Reviewer
    resigns or is removed, it will cooperate with the Issuer, the Servicer and the Administrator and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations
    under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses of transitioning its obligations under this Agreement and preparing the successor Asset Representations Reviewer
    to take on the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer, the Servicer, the Administrator or the successor Asset Representations Reviewer.

   

  Section 5.04. Merger, Consolidation or Succession. Any Person (i) into which the Asset Representations Reviewer is merged or consolidated, (ii) resulting
    from any merger or consolidation to which the Asset Representations Reviewer is a party or (iii) succeeding to the business of the Asset Representations Reviewer, if that Person meets the eligibility requirements in Section 5.01, will be the successor
    to the Asset Representations Reviewer under this Agreement. Such Person will execute and deliver to the Issuer, the Servicer and the Administrator an agreement to assume the Asset Representations Reviewer’s obligations under this Agreement (unless the
    assumption happens by operation of law).

   

  
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  ARTICLE Six

    

    OTHER AGREEMENTS

   

  Section 6.01. Independence of the Asset Representations Reviewer. The Asset Representations Reviewer will be an independent contractor and will not be
    subject to the supervision of the Issuer for the manner in which it accomplishes the performance of its obligations under this Agreement. Unless expressly authorized by the Issuer, the Asset Representations Reviewer will have no authority to act for or
    represent the Issuer and will not be considered an agent of the Issuer. Nothing in this Agreement will make the Asset Representations Reviewer and the Issuer members of any partnership, joint venture or other separate entity or impose any liability as
    such on any of them. For the avoidance of doubt, the Indenture Trustee will not be responsible for monitoring the performance by the Asset Representations Reviewer of its obligations under this Agreement.

   

  Section 6.02. No Petition. Each of the parties to this Agreement covenants and agrees that, for a period of one year and one day (or, if longer, any
    applicable preference period) after payment in full of the Notes and all outstanding Securities, it will not institute or pursue against, or join any other Person in instituting or pursuing against, the Depositor or the Issuer any bankruptcy,
    reorganization, arrangement, insolvency or liquidation Proceedings or other Proceedings under any Insolvency Law in connection with any obligations relating to the Notes or any Basic Document and agrees that it will not cooperate with or encourage
    others to institute any such Proceeding.

   

  Section 6.03. Limitation of Liability of Owner Trustee. It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and
    delivered by [●], not individually or personally but solely as Owner Trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on the part of
    the Issuer is made and intended not as personal representations, undertakings and agreements by [●], but is made and intended for the purpose of binding only the Issuer, (iii) nothing herein contained shall be construed as creating any liability on
    [●], individually or personally, to perform any covenant either expressed or implied contained herein of the Issuer, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties
    hereto, (iv) [●] has not verified and has made no investigation as to the accuracy or completeness of any representations and warranties made by the Issuer in this Agreement and (v) under no circumstances shall [●] be personally liable for the payment
    of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related documents.

   

  Section 6.04. Termination of Agreement. This Agreement will terminate, except for the obligations under Section 4.05, on the earlier of (i) the payment in
    full of all outstanding Notes and the satisfaction and discharge of the Indenture and (ii) the date the Issuer is terminated under the Trust Agreement.

   

  
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  ARTICLE Seven

    

    MISCELLANEOUS PROVISIONS

   

  Section 7.01. Amendments. The parties may amend this Agreement:

   

  (i)               to clarify an ambiguity, correct an error or correct or
    supplement any term of this Agreement that may be defective or inconsistent with the other terms of this Agreement or to provide for, or facilitate the acceptance of this Agreement by, a successor Asset Representations Reviewer, in each case without
    the consent of the Noteholders or any other Person;

   

  (ii)              to add, change or eliminate terms of this Agreement, in
    each case without the consent of the Noteholders or any other Person, if the Administrator delivers an Officer’s Certificate to the Issuer and the Trustees stating that the amendment will not have a material adverse effect on the Noteholders; or

   

  (iii)             to add, change or eliminate terms of this Agreement for
    which an Officer’s Certificate is not or cannot be delivered under Section 7.01(a)(ii), with the consent of a majority of the principal amount of the Notes [of the Controlling Class] then Outstanding.

   

  Notwithstanding anything to the contrary in this Section, any amendment to this Agreement that affects the rights or the obligations of either Trustee will require
    the consent of such Trustee.

   

  Section 7.02. Assignment; Benefit of Agreement; Third Party Beneficiaries.

   

  (a)           Assignment. Except as stated in Section 5.04, this Agreement
    may not be assigned by the Asset Representations Reviewer without the consent of the Issuer and the Servicer.

   

  (b)           Benefit of Agreement; Third-Party Beneficiaries. This
    Agreement is for the benefit of and will be binding on the parties and their permitted successors and assigns. The Owner Trustee and the Indenture Trustee, for the benefit of the Noteholders, will be third-party beneficiaries of this Agreement and may
    enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

   

  Section 7.03. Notices. Unless otherwise specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the
    parties to this Agreement will be in writing. Notices, requests, demands, consents and other communications will be deemed to have been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage
    prepaid, three days after deposit in the mail and (ii) in the case of (a) a facsimile, when receipt is confirmed by telephone or by reply e-mail or reply facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply
    e-mail from the recipient and (c) an electronic posting to a password-protected website, upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance
    with clauses (ii)(b) through (ii)(c) above. Unless otherwise specified in this Agreement, any such notice, request, demand, consent or other communication will be delivered or addressed, in the case of: (i) the Issuer or the Owner Trustee, at the
    Corporate Trust Office (e-mail: [●]), (ii) the Servicer, at 36455 Corporate Drive, Farmington Hills, Michigan 48331, Attention: [●] (e-mail: [●], telecopier: [●]), (iii) the Administrator, at 36455 Corporate Drive, Farmington Hills, Michigan 48331,
    Attention: [●] (e-mail: [●], telecopier: [●]) and (iv) the Asset Representations Reviewer, at [●]; or as to each of the foregoing, at such other address as shall be designated by written notice to the other entities.

   

  
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  Section 7.04. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
      REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
      WITH SUCH LAWS.

   

  Section 7.05. WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO HAVE A JURY
      PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION WITH THIS AGREEMENT OR THE
      TRANSACTIONS CONTEMPLATED HEREBY. INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

   

  Section 7.06. No Waiver; Remedies. No party’s failure or delay in exercising a power, right or remedy under this Agreement will operate as a waiver. No
    single or partial exercise of a power, right or remedy will preclude any other or further exercise of the power, right or remedy or the exercise of any other power, right or remedy. The powers, rights and remedies under this Agreement are in addition
    to any powers, rights and remedies under law.

   

  Section 7.07. Severability. If any one or more of the covenants, agreements, provisions or terms of this Agreement is held invalid, illegal or unenforceable,
    then such covenants, agreements, provisions or terms will be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and will in no way affect the validity, legality or enforceability of the other covenants,
    agreements, provisions and terms of this Agreement.

   

  Section 7.08. Table of Contents and Headings. The Table of Contents and the various headings in this Agreement are included for convenience only and will not
    affect the meaning or interpretation of any provision of this Agreement.

   

  
    17

    
      
 

  

  Section 7.09. Counterparts. This Agreement may be executed in any number of
      counterparts, each of which will be an original, and all of which will together constitute one and the same instrument.

   

  
    18

    
      
 

  

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

   

  

  	 	DAIMLER TRUCKS RETAIL TRUST 20[__]-[_],as Issuer
	 	 	 
	 	By:	[●], not in its individual capacity, but solely as Owner Trustee
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	MERCEDES-BENZ FINANCIAL SERVICES USA LLC, as Servicer and Administrator
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	[●], as Asset Representations Reviewer
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

   

  

  ARR Agreement

  
    
      
 

  

  SCHEDULE A

   

  REPRESENTATIONS AND WARRANTIES, REVIEW MATERIALS AND TESTS

  
   

   

  SA-1Exhibit 10.4

  		 

   

  DAIMLER TRUCKS RETAIL TRUST 20[__]-[_],

    as Issuer,

   

  MERCEDES-BENZ FINANCIAL SERVICES USA LLC,

    as Administrator,

   

  DAIMLER RETAIL RECEIVABLES LLC,

    as Depositor,

   

  and

   

  [●],

    as Indenture Trustee

   

  

   

  

   

  

   

  

   

  

   

  	
           

           

          

          ADMINISTRATION AGREEMENT 

           

          Dated as of [●], 20[__]

           

          

           

          

          

        

  		 

  

   

  
    
      
 

  

  
  TABLE OF CONTENTS 

  

  

   

  	 	 	 	Page
	 	 	 	 
	Section 1.01.	 	Capitalized Terms; Interpretive Provisions	1
	Section 1.02. 	 	Duties of the Administrator	2
	Section 1.03. 	 	Records	8
	Section 1.04. 	 	Compensation	8
	Section 1.05.	 	Additional Information to be Furnished to the Issuer	8
	Section 1.06. 	 	Independence of the Administrator	8
	Section 1.07. 	 	No Joint Venture	8
	Section 1.08. 	 	Other Activities of Administrator	8
	Section 1.09. 	 	Term of Agreement; Resignation and Removal of Administrator	8
	Section 1.10. 	 	Action Upon Termination, Resignation or Removal	9
	Section 1.11. 	 	Notices	10
	Section 1.12. 	 	Amendments	10
	Section 1.13. 	 	Successors and Assigns	11
	Section 1.14. 	 	Governing Law	11
	Section 1.15. 	 	WAIVER OF JURY TRIAL	11
	Section 1.16. 	 	Table of Contents and Headings	11
	Section 1.17. 	 	Counterparts	11
	Section 1.18. 	 	Severability	12
	Section 1.19. 	 	Limitation of Liability of Owner Trustee and Indenture Trustee	12
	Section 1.20. 	 	Third-Party Beneficiary	12
	Section 1.21. 	 	Successor Servicer and Administrator	12
	Section 1.22.	 	Nonpetition Covenants	13
	 	 	 	 
	EXHIBITS
	 
	Exhibit A - Form of Power of Attorney 	A-1

  

   

  
    i

    
      
 

  

  This ADMINISTRATION AGREEMENT, dated as of [●], 20[__] (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is among
    DAIMLER TRUCKS RETAIL TRUST 20[__]-[_], as issuer (the “Issuer”), MERCEDES-BENZ FINANCIAL SERVICES USA LLC (“MBFS USA”), as administrator (the “Administrator”), DAIMLER RETAIL RECEIVABLES LLC (“Daimler Retail Receivables”), as depositor (the
    “Depositor”), and [●], not in its individual capacity but solely as trustee (the “Indenture Trustee”).

   

  WHEREAS, the Issuer was continued pursuant to an amended and restated trust agreement, dated as of [●], 20[__] (the “Trust Agreement”), between the Depositor and
    [●], as trustee (the “Owner Trustee”);

   

  WHEREAS, the Issuer is issuing [●]% Class A-1 Asset Backed Notes, [●]% Class A-2A Asset Backed Notes, LIBOR + [●]% Class A-2B Asset Backed Notes, [●]% Class A-3
    Asset Backed Notes [and] [●]% Class A-4 Asset Backed Notes [and] [[●]% Class B Asset Backed Notes] (collectively, the “Notes”) pursuant to an indenture, dated as of the date hereof (the “Indenture”), between the Issuer and the Indenture Trustee;

   

  WHEREAS, in connection with the issuance of the Notes and of certain beneficial ownership interests in the Issuer, certain documents have been executed, including
    (i) the Indenture, (ii) a sale and servicing agreement, dated as of the date hereof (the “Sale and Servicing Agreement”), among the Issuer, the Depositor, MBFS USA, as seller (the “Seller”) and as servicer (in such capacity, the “Servicer”), and
    (iii) a receivables purchase agreement, dated as of the date hereof (the “Receivables Purchase Agreement”), between the Seller and the Depositor;

   

  WHEREAS, pursuant to the Trust Agreement, the Sale and Servicing Agreement and the Indenture, the Issuer and the Owner Trustee are required to perform certain duties
    in connection with the (i) Notes and the collateral therefor pledged pursuant to the Indenture (the “Collateral”) and (ii) beneficial ownership interests in the Issuer;

   

  WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and the Owner Trustee referred to in the
    preceding clause and to provide such additional services consistent with the terms of this Agreement and the other Basic Documents as the Issuer and the Owner Trustee may from time to time request; and

   

  WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for the Issuer and the Owner Trustee on
    the terms set forth herein.

   

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

   

  Section 1.01. Capitalized Terms; Interpretive Provisions. Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed
    thereto in Appendix A to the Sale and Servicing Agreement, which Appendix is hereby incorporated into and made a part of this Agreement. Appendix A also contains rules as to usage applicable to this Agreement.

   

  
    
      
 

  

  
  Section 1.02. Duties of the Administrator.

   

  (a)           The Administrator agrees to perform all of its duties as
    Administrator, including its duties under the Asset Representations Review Agreement, and, except as specifically excluded herein, agrees to perform all the duties of the Issuer and the Owner Trustee under the Issuer Basic Documents. In addition, the
    Administrator shall consult with the Owner Trustee regarding the duties of the Issuer or the Owner Trustee under the Issuer Basic Documents. The Administrator shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is
    necessary to comply with the respective duties of the Issuer and the Owner Trustee under the Issuer Basic Documents. The Administrator shall prepare for execution by the Issuer, or shall cause the preparation by other appropriate persons of, all such
    documents, reports, notices, filings, instruments, certificates and opinions that it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the Issuer Basic Documents. In furtherance of the foregoing, the
    Administrator shall take (or, in the case of the immediately preceding sentence, cause to be taken) all appropriate action that the Issuer or the Owner Trustee is required to take pursuant to the Indenture including such of the foregoing actions as are
    required with respect to the following matters under the Indenture (references are to Sections of the Indenture):

   

  (i)            the preparation, obtaining or filing of the instruments, opinions and certificates and other documents required for the release of Collateral (Section 2.13);

   

  (ii)           the duty to cause newly appointed Paying Agents, if any, to deliver to the Indenture Trustee the instrument specified in the Indenture regarding funds held in trust (Section 3.03);

   

  (iii)          the direction to the Indenture Trustee to deposit monies with Paying Agents, if any, other than the Indenture Trustee (Section 3.03);

   

  (iv)          the obtaining and preservation of the Issuer’s qualifications to do business in each jurisdiction where such qualification is or shall be necessary to protect the validity and enforceability of the
    Indenture, the Notes, the Collateral and each other instrument or agreement included in the Trust Estate (Section 3.04);

   

  (v)           the preparation of all supplements and amendments to the Indenture and all financing statements, continuation statements, instruments of further assurance and other instruments and the taking of such
    other action as are necessary or advisable to protect the Trust Estate (Section 3.05);

   

  (vi)          the delivery of the Opinion of Counsel on the Closing Date and the annual delivery of Opinions of Counsel as to the Trust Estate, and the annual delivery of the Officer’s Certificate and certain other
    statements as to compliance with the Indenture (Sections 3.06 and 3.09);

   

  (vii)         the identification to the Indenture Trustee in an Officer’s Certificate of a Person with whom the Issuer has contracted to perform its duties under the Indenture (Section 3.07(b));

   

  
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  (viii)        the preparation and delivery of written notice to the Indenture Trustee, the Depositor and the Rating Agencies of each Servicer Termination Event and, if such Servicer Termination Event arises from the
    failure of the Servicer to perform any of its duties or obligations under the Sale and Servicing Agreement with respect to the Receivables, the taking of all reasonable steps available to remedy such failure (Section 3.07(d));

   

  (ix)           the preparation and obtaining of documents and instruments required for the conveyance or transfer by the Issuer of its properties or assets (Section 3.10(b));

   

  (x)            the duty to cause the Servicer to comply with the Sale and Servicing Agreement (Section 3.12);

   

  (xi)           the delivery of written notice to the Indenture Trustee and each Rating Agency of each Event of Default under the Indenture and each default by the Servicer, the Seller or the Depositor under the Sale
    and Servicing Agreement or by the Seller or the Purchaser under the Receivables Purchase Agreement (Section 3.17);

   

  (xii)          the monitoring of the Issuer’s obligations as to the satisfaction and discharge of the Indenture and the preparation of an Officer’s Certificate and the obtaining of the Opinion of Counsel and the
    Independent Certificate relating thereto (Section 4.01);

   

  (xiii)         the compliance with Section 5.04 of the Indenture with respect to the sale of the Trust Estate if an Event of Default shall have occurred and be continuing (Section 5.04);

   

  (xiv)         the preparation and delivery of notice to Noteholders of the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee (Section 6.08);

   

  (xv)          the preparation of any written instruments required to confirm more fully the authority of any co-trustee or separate trustee and any written instruments necessary in connection with the resignation or
    removal of the Indenture Trustee or any co-trustee or separate trustee (Sections 6.08 and 6.10);

   

  (xvi)         the furnishing of the Indenture Trustee with the names and addresses of Noteholders during any period when the Indenture Trustee is not the Note Registrar (Section 7.01);

   

  

  (xvii)        the preparation and, after execution by the Issuer, the filing with the Commission and the Indenture Trustee of documents required to be filed on a periodic basis with, and summaries thereof as may be
    required by rules and regulations prescribed by the Commission and the transmission of such summaries, as necessary, to the Noteholders (Section 7.03);

   

   

  
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  (xviii)       the opening of one or more accounts in the Indenture Trustee’s name, established with the Securities Intermediary and the taking of all other actions necessary with respect to investment and reinvestment
    of funds in such accounts (Sections 8.02 and 8.03);

   

  (xix)          the preparation of an Issuer Request and Officer’s Certificate and the obtaining of an Opinion of Counsel and Independent Certificates, if necessary, for the release of the Trust Estate (Sections 8.04
    and 8.05);

   

  (xx)           the preparation of Issuer Requests and Officer’s Certificates, the obtaining of Opinions of Counsel and the certification to the Indenture Trustee with respect to the execution of supplemental
    indentures and the mailing to the Noteholders and the Rating Agencies, as applicable, of notices with respect to such supplemental indentures (Sections 9.01 and 9.02);

   

  (xxi)          the preparation and delivery of all Officer’s Certificates, Opinions of Counsel and Independent Certificates with respect to any requests by the Issuer to the Indenture Trustee to take any action under
    the Indenture (Section 11.01(a));

   

  (xxii)         the preparation and delivery of Officer’s Certificates and the obtaining of Opinions of Counsel and Independent Certificates, if necessary, for the release of property from the Lien of the Indenture
    (Section 11.01(b));

   

  (xxiii)        the preparation and delivery of written notice to the Rating Agencies, upon the failure of the Issuer, the Depositor or the Indenture Trustee to give such notification, of the information required
    pursuant to the Indenture (Section 11.04); and

   

  (xxiv)        the recording of the Indenture, if applicable (Section 11.16).

   

  (b)            The Administrator shall:

   

  (i)            pay or cause the Servicer to pay to the Indenture Trustee from time to time such compensation and fees for all services rendered by the Indenture Trustee under the Indenture as have been agreed to in
    a separate fee schedule between the Administrator and the Indenture Trustee (which compensation shall not be limited by any Applicable Law in regard to the compensation of a trustee of an express trust);

   

  (ii)           except as otherwise expressly provided in the Indenture, reimburse the Indenture Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Indenture
    Trustee in accordance with any provision of the Basic Documents (including the reasonable compensation, expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its willful
    misconduct, negligence or bad faith;

   

  (iii)          indemnify, or cause the Servicer to indemnify, the Indenture Trustee for, and hold it harmless, or cause the Servicer to hold it harmless, against, any and all losses, liabilities or expenses, including
    attorneys’ fees, incurred by it in connection with the administration of the Issuer and the performance of its duties under the Indenture, including any Expenses incurred by the Indenture Trustee in connection with the enforcement of the Administrator
    or Servicer’s indemnification or other obligations hereunder, except the Indenture Trustee will not be indemnified for, or held harmless against, any loss, liability or expense incurred by it through its own willful misconduct, negligence or bad faith;

   

  
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  (iv)          except as otherwise expressly provided in the third sentence of Section 7.01 of the Trust Agreement, reimburse the Owner Trustee upon its request for all reasonable expenses, disbursements and advances
    incurred or made by the Owner Trustee in accordance with any provision of the Trust Agreement (including reasonable compensation, expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be
    attributable to its willful misconduct, negligence or bad faith of the Owner Trustee;

   

  (v)           indemnify the Owner Trustee and its agents, successors, assigns, directors, officers and employees for, and hold them harmless against, any loss, obligation, damage, tax, claim, suit, liability or
    expense incurred without negligence, willful misconduct or bad faith on their part, arising out of or in connection with the acceptance or administration of the transactions contemplated by the Trust Agreement, including the reasonable costs and
    expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of their powers or duties under the Trust Agreement; and

   

  (vi)          promptly appoint a successor Indenture Trustee pursuant to Section 6.08 of the Indenture, upon the Indenture Trustee’s resignation or removal, or if the office of the Indenture Trustee becomes vacant
    for any other reason.

   

  (c)            In addition to the duties set forth in Sections 1.02(a) and (b), the
    Administrator shall (i) execute on behalf of the Issuer or the Owner Trustee and (ii) perform such calculations and shall prepare or shall cause the preparation by other appropriate Persons of all such documents, notices, reports, filings, instruments,
    certificates and opinions that the Issuer or the Owner Trustee are required to prepare, file or deliver pursuant to the Issuer Basic Documents or are otherwise authorized to prepare, file or deliver pursuant to the Basic Documents, and at the request
    of the Owner Trustee, shall take all appropriate action that the Issuer or the Owner Trustee are required to take pursuant to the Issuer Basic Documents. In furtherance thereof, the Owner Trustee shall, on behalf of itself and of the Issuer, execute
    and deliver to the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A, appointing the Administrator the attorney-in-fact of the Owner Trustee
    and the Issuer for the purpose of executing on behalf of the Owner Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 1.06, and in accordance with the directions of the Owner Trustee,
    the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by
    the Owner Trustee and are reasonably within the capability of the Administrator.

   

  
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  (d)            Notwithstanding anything in this Agreement or the other Basic
    Documents to the contrary, the Administrator shall be responsible for promptly notifying the Owner Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to a Certificateholder as contemplated in
    Section 5.01(c) of the Trust Agreement. Any such notice shall specify the amount of any withholding tax required to be withheld by the Owner Trustee pursuant to such provision.

   

  (e)            Notwithstanding anything in this Agreement or the other Basic
    Documents to the contrary, the Administrator shall be responsible for performance of the duties of the Owner Trustee set forth in Section 5.04 of the Trust Agreement with respect to, among other things, accounting and reports to Certificateholders.

   

  (f)             To the extent that any tax withholding is required, the
    Administrator shall deliver to the Owner Trustee and the Indenture Trustee, on or before [●], 20[__], a certificate of an Authorized Officer in form and substance satisfactory to the Owner Trustee as to such tax withholding and the procedures to be
    followed with respect thereto to comply with the requirements of the Code. The Administrator shall update such certificate if any additional tax withholding is subsequently required or any previously required tax withholding shall no longer be
    required.

   

  (g)            The Administrator shall perform the duties of the Administrator
    specified in Section 10.02 of the Trust Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, and any other duties expressly required to be performed by the Administrator under the Trust Agreement, the
    Asset Representations Review Agreement or any other Basic Document.

   

  (h)            In carrying out the foregoing duties or any of its other obligations
    under this Agreement, the Administrator may enter into transactions or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions received from the Issuer
    and shall be, in the Administrator’s opinion, no less favorable to the Issuer than would be available from unaffiliated parties.

   

  (i)             With respect to matters that in the reasonable judgment of the
    Administrator are non-ministerial, the Administrator shall not take any action unless within a reasonable time before the taking of such action, the Administrator shall have notified the Owner Trustee of the proposed action and the Owner Trustee shall
    not have withheld consent, which consent shall not be unreasonably withheld or delayed, or provided an alternative direction. For the purpose of the preceding sentence, “non-ministerial matters” shall include:

   

  (i)            the amendment of or any supplement to the Indenture;

   

  (ii)           the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or against the Issuer (other than in connection with the collection of the
    Receivables);

   

  (iii)          the amendment, change or modification of the Basic Documents;

   

  (iv)          the appointment of successor Note Registrars, successor Paying Agents and successor Indenture Trustees pursuant to the Indenture or the appointment of successor Administrators or Successor Servicers, or
    the consent to the assignment by the Note Registrar, any Paying Agent or Indenture Trustee of its obligations under the Indenture;

   

  
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  (v)           the appointment of successor Owner Trustees pursuant to the Trust Agreement; and

   

  (vi)          the removal of the Indenture Trustee.

   

  (j)             Notwithstanding anything to the contrary in this Agreement, the
    Administrator shall not be obligated to, and shall not, (i) make any payments to the Noteholders under the Basic Documents, (ii) take any other action that the Issuer directs the Administrator not to take on its behalf or (iii) take any other action
    which may be construed as having the effect of varying the investment of the Securityholders.

   

  (k)            The Administrator may enter into subservicing agreements with one or
    more subservicers for the performance of all or part of the Administrator’s duties hereunder. References herein to actions taken or to be taken by the Administrator include actions taken or to be taken by a subservicer on behalf of the Administrator.
    Each subservicing agreement will be upon such terms and conditions as are not inconsistent with this Agreement and as the Administrator and the subservicer have agreed.

   

  (l)             If requested by the Depositor for purposes of compliance with its
    reporting obligations under the Exchange Act, the Administrator will provide to the Depositor and the Servicer on or before March 31 of each year beginning March 31, 20[__], the servicing criteria assessment required to be filed in respect of the
    Issuer under the Exchange Act under Item 1122 of Regulation AB if periodic reports under Section 15(d) of the Exchange Act, or any successor provision thereto, are required to be filed in respect of the Issuer and shall cause a firm of independent
    certified public accountants, who may also render other services to the Administrator, the Servicer, the Seller or the Depositor, to deliver to the Depositor and the Servicer the attestation report that would be required to be filed in respect of the
    Issuer under the Exchange Act if periodic reports under Section 15(d) of the Exchange Act, or any successor provision thereto, were required to be filed in respect of the Issuer. Such attestation shall be in accordance with Rules 1-02(a)(3) and 2-02(g)
    of Regulation S-X under the Securities Act and the Exchange Act. In the event that an overall opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion.

   

  The Administrator and the Depositor acknowledge and agree that the purpose of this Section 1.02(l) is to facilitate compliance by the Depositor with the provisions
    of Regulation AB and the related rules and regulations of the Commission. The Depositor shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than
    compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission under the Securities Act and the Exchange Act. The Administrator acknowledges that interpretations of the requirements of Regulation AB may change over
    time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel or otherwise, and the Administrator agrees to comply with all reasonable requests
    made by the Depositor in good faith for delivery of information and shall deliver to the Depositor all information and certifications reasonably required by the Depositor to comply with its Exchange Act reporting obligations, including with respect to
    any of its predecessors or successors. The obligations of the Administrator to provide such information shall survive the removal or termination of the Administrator as Administrator hereunder.

   

  
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  Section 1.03. Records. The Administrator shall maintain appropriate books of account and records relating to services performed hereunder, which books of
    account and records shall be accessible for inspection by the Issuer and the Depositor at any time during normal business hours, upon reasonable prior notice.

   

  Section 1.04. Compensation. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses
    related thereto, the Administrator shall be entitled to a monthly payment of compensation which shall be solely an obligation of the Servicer.

   

  Section 1.05. Additional Information to be Furnished to the Issuer. The Administrator shall furnish to the Issuer from time to time such additional
    information regarding the Collateral as the Issuer may reasonably request.

   

  Section 1.06. Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be
    subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act
    for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

   

  Section 1.07. No Joint Venture. Nothing contained in this Agreement shall (i) constitute the Administrator and either the Issuer or the Owner Trustee as
    members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) be construed to impose any liability as such on any of them or (iii) be deemed to confer on any of them any express, implied or
    apparent authority to incur any obligation or liability on behalf of the others.

   

  Section 1.08. Other Activities of Administrator. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in
    its sole discretion, from acting in a similar capacity as an administrator for any other Person, even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.

   

  Section 1.09. Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution of the Issuer, upon
    which event this Agreement shall automatically terminate.

   

  (a)            Subject to Section 1.09(c), (i) the Administrator may resign its
    duties hereunder by providing the Issuer with at least 60 days’ prior written notice and (ii) the Issuer may remove the Administrator without cause by providing the Administrator with at least 60 days’ prior written notice.

   

  
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  (b)            Subject to Section 1.09(c), at the sole option of the Issuer, the
    Administrator may be removed immediately upon written notice of termination from the Issuer to the Administrator if any of the following events shall occur:

   

  (i)            the Administrator shall default in the performance of any of its duties under this Agreement and, after notice of such default, shall not cure such default within ten days (or, if such default cannot
    be cured in such time, shall not give within ten days such assurance of cure as shall be reasonably satisfactory to the Issuer);

   

  (ii)           the existence of any Proceeding or action, or the entry of a decree or order for relief by a court or regulatory authority having jurisdiction over the Administrator in an involuntary case under the
    federal bankruptcy laws, as now or hereafter in effect, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Administrator or of any substantial part of its property, or ordering the winding
    up or liquidation of the affairs of the Administrator and the continuance of any such action, Proceeding, decree or order unstayed and, in the case of any such order or decree, in effect for a period of 60 consecutive days; or

   

  (iii)          the commencement by the Administrator of a voluntary case under the federal bankruptcy laws, as now or hereafter in effect, or the consent by the Administrator to the appointment of or taking of
    possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Administrator or of any substantial part of its property or the making by the Administrator of an assignment for the benefit of creditors
    or the failure by the Administrator generally to pay its debts as such debts become due or the taking of corporate action by the Administrator in furtherance of any of the foregoing.

   

  The Administrator agrees that if any of the events specified in clauses (ii) or (iii) above shall occur, it shall give written notice thereof to the Issuer and the
    Indenture Trustee within seven days after the occurrence of such event.

   

  (c)            No resignation or removal of the Administrator pursuant to this
    Section shall be effective until (i) a successor Administrator shall have been appointed by the Issuer and (ii) such successor Administrator shall have agreed in writing to be bound by the terms of this Agreement in the same manner as the Administrator
    is bound hereunder. The appointment of any successor Administrator shall be effective after providing prior written notice to each Rating Agency with respect to the proposed appointment.

   

  (d)            Subject to Section 1.09(c), the Administrator acknowledges that upon
    the appointment of a Successor Servicer pursuant to the Sale and Servicing Agreement, the Administrator shall immediately resign and such Successor Servicer shall automatically become the Administrator under this Agreement.

   

  Section 1.10. Action Upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first
    sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (d), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such
    termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the
    Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in
    making an orderly transfer of the duties of the Administrator.

   

  
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  Section 1.11. Notices. Unless otherwise specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the
    parties to this Agreement will be in writing. Notices, requests, demands, consents and other communications will be deemed to have been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage
    prepaid, three days after deposit in the mail and (ii) in the case of (a) a facsimile, when receipt is confirmed by telephone or by reply e-mail or reply facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply
    e-mail from the recipient and (c) an electronic posting to a password-protected website, upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance
    with clauses (ii)(b) through (ii)(c) above. Unless otherwise specified in this Agreement, any such notice, request, demand, consent or other communication will be delivered or addressed, in the case of (i) the Issuer or the Owner Trustee, at the
    Corporate Trust Office [●], (ii) the Administrator, at 36455 Corporate Drive, Farmington Hills, Michigan 48331, Attention: [●] (e-mail: [●], telecopier: [●]), (iii) the Depositor, at 36455 Corporate Drive, Farmington Hills, Michigan 48331, Attention:
    [●] (email: [●], telecopier: [●]) and (iv) the Indenture Trustee, at its Corporate Trust Office, [●]; or as to each of the foregoing, at such other address as shall be designated by written notice to the other entities.

   

  Section 1.12. Amendments. This Agreement may be amended from time to time by a written amendment duly executed and delivered by the parties hereto, with the
    written consent of the Owner Trustee but without the consent of the Securityholders, 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 rights
    of the Securityholders; provided, that no such amendment shall materially and adversely affect the interest of any Securityholder. This Agreement may also be amended by the parties hereto with the written consent of the Noteholders evidencing at least
    51% of the Note Balance [of the Controlling Class] or, if the Notes have been paid in full, the Certificateholders evidencing at least 51% of the aggregate Certificate Percentage Interest 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 rights of the Securityholders; provided, however, that no such amendment may (i) increase or reduce in any manner the amount of, or accelerate or delay the
    timing of, collections of payments on the Receivables or distributions that are required to be made for the benefit of the Securityholders or (ii) reduce the percentage of the Note Balance or of the Certificate Percentage Interest, the consent of the
    Noteholders or the Certificateholders, respectively, of which is required for this amendment, in each case without the consent of the Holders of all outstanding Securities adversely affected by the amendment.

   

  
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  An amendment to this Agreement shall be deemed not to materially adversely affect the interests of any Securityholder if the Person requesting such amendment obtains
    and delivers to the Owner Trustee and the Indenture Trustee an Opinion of Counsel or an Officer’s Certificate of the Issuer to that effect and, with respect to the Notes, by satisfaction of the Rating Agency Condition with respect to such amendment.
    Notwithstanding the foregoing, the Administrator may not amend this Agreement without the consent of the Depositor, which consent shall not be unreasonably withheld.

   

  Section 1.13. Successors and Assigns. This Agreement may not be assigned by the Administrator unless such assignment is previously consented to in writing by
    the Issuer and the Owner Trustee, and subject to the satisfaction of the Rating Agency Condition in respect thereof. An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the same manner as
    the Administrator is bound hereunder. Notwithstanding the foregoing, this Agreement may be assigned by the Administrator without the consent of the Issuer or the Owner Trustee to a corporation or other organization that is a successor (by merger,
    consolidation or purchase of assets) to the Administrator; provided, that such successor organization executes and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an agreement, in form and substance reasonably satisfactory to the
    Owner Trustee and the Indenture Trustee, in which such corporation or other organization agrees to be bound hereunder by the terms of said assignment in the same manner as the Administrator is bound hereunder. Subject to the foregoing, this Agreement
    shall bind any successors or assigns of the parties hereto.

   

  Section 1.14. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
      THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICT OF LAWS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
      HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

   

  Section 1.15. WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES
      HERETO WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM
      IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

   

  Section 1.16. Table of Contents and Headings. The Table of Contents and the various headings in this Agreement are included for convenience only and will not
    affect the meaning or interpretation of any provision of this Agreement.

   

  Section 1.17. Counterparts. This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall
    be an original, but all such counterparts shall together constitute but one and the same instrument.

   

  
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  Section 1.18. Severability. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held
    invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and shall in no way affect the validity or enforceability of the other covenants,
    agreements, provisions and terms of this Agreement.

   

  Section 1.19. Limitation of Liability of Owner Trustee and Indenture Trustee.

   

  (a)            Notwithstanding anything contained herein to the contrary, it is
    expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by [●], not individually or personally but solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it, (ii)
    each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking or agreement by the Owner Trustee but is made and intended for the purpose of binding only
    the Issuer, (iii) nothing herein contained shall be construed as creating any liability on the Owner Trustee, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly
    waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (iv) the Owner Trustee has not verified and has made no investigation as to the accuracy or completeness of any representations or warranties made by the
    Issuer hereunder and (v) under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant
    made or undertaken by the Issuer under this Agreement or any other related documents. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to
    the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

   

  (b)            Notwithstanding anything contained herein to the contrary, this
    Agreement has been executed by [●] solely in its capacity as Indenture Trustee under the Indenture, and in no event shall the Indenture Trustee in its individual capacity have any liability for the representations, warranties, covenants, agreements or
    other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.

   

  Section 1.20. Third-Party Beneficiary. The Owner Trustee is a third-party beneficiary to this Agreement and is entitled to the rights and benefits hereunder
    and may enforce the provisions hereof as if it were a party hereto.

   

  Section 1.21. Successor Servicer and Administrator. The Administrator shall undertake, as promptly as possible after the giving of notice of termination to
    the Servicer of the Servicer’s rights and powers pursuant to Section 7.01 of the Sale and Servicing Agreement, to enforce the provisions of Section 7.02 of the Sale and Servicing Agreement with respect to the appointment of a successor Servicer. Such
    successor Servicer shall, upon compliance with the second to last sentence of Section 7.02 of the Sale and Servicing Agreement, become the successor Administrator hereunder, subject to Section 7.02 of the Sale and Servicing Agreement; provided,
    however, that if the Indenture Trustee shall become such successor Administrator, the Indenture Trustee shall not be required to perform any obligations or duties or conduct any activities as successor Administrator that would be prohibited by law and
    not within the banking and trust powers of the Indenture Trustee. In such event, the Indenture Trustee may appoint a sub-administrator to perform such obligations and duties. Any transfer of servicing pursuant to Section 7.02 of the Sale and Servicing
    Agreement and related succession as Administrator hereunder shall not constitute an assumption by the related successor Administrator of any liability of the related outgoing Administrator arising out of any breach by such outgoing Administrator of
    such outgoing Administrator’s duties hereunder prior to such transfer.

   

  
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  Section 1.22. Nonpetition Covenants.

   

  (a)            Each of the Depositor, the Administrator, the Owner Trustee and the
    Indenture Trustee covenants and agrees that it will not at any time institute against, or join any Person in instituting against, the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings, or other Proceedings under
    any Insolvency Law in connection with any obligations relating to any of the Basic Documents and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Issuer during the same period.

   

  (b)            Each of the Issuer, the Administrator, the Owner Trustee and the
    Indenture Trustee covenants and agrees that it will not at any time institute against, or join any Person in instituting against, the Depositor any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings, or other Proceedings
    under any Insolvency Law in connection with any obligations relating to any of the Basic Documents and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Depositor during the same period.

   

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

   

  	 	DAIMLER TRUCKS RETAIL TRUST 20[__]-[_], as Issuer
	 	 	 
		
          By:

        	[●], not in its individual capacity but solely as Owner Trustee

   

  		By:	 
	 	 	Name:

          Title:

   

  	 	DAIMLER RETAIL RECEIVABLES LLC,

          as Depositor
	 	 	 
		By:	 
	 	 	Name:

          Title:
	 	 	 
	 	[●],	 
	 	 	not in its individual capacity but solely as Indenture Trustee

   

  		By:	 
	 	 	Name:

          Title:

   

  	 	MERCEDES-BENZ FINANCIAL SERVICES USA LLC, as Administrator
	 	 	 
		By:	 
	 	 	Name:

          Title:

   

  Administration Agreement

   

  
    
      
 

  

  
  EXHIBIT A

   

  POWER OF ATTORNEY PURSUANT TO

    SECTION 1.02(c) OF ADMINISTRATION AGREEMENT

   

  KNOW ALL MEN BY THESE PRESENTS, that [●], a [national banking association], not in its individual capacity but solely as Owner Trustee of Daimler Trucks Retail Trust
    20[__]-[_], a Delaware statutory trust (the “Issuer”), as grantor (in such capacity, the “Grantor”), does hereby appoint MBFS USA LLC, a Delaware limited liability company (“MBFS USA”), as grantee (the “Grantee”), as its attorney-in-fact with full
    power of substitution and hereby authorizes and empowers the Grantee, in the name of and on behalf of the Grantor or the Issuer, to take the following actions from time to time with respect to the duties of MBFS USA, as administrator (in such capacity,
    the “Administrator”) under the administration agreement, dated as of [●], 20[__] (the “Administration Agreement”), among the Issuer, the Administrator, Daimler Retail Receivables LLC (“Daimler Retail Receivables”) and [●], for the purpose of executing
    on behalf of the Grantor or the Issuer all such documents, reports, filings, instruments, certificates and opinions required pursuant to the Basic Documents.

   

  The Grantee is hereby empowered to do any and all lawful acts necessary or desirable to effect the performance of its duties as Administrator under the
    Administration Agreement and the Grantor hereby ratifies and confirms any and all lawful acts the Grantee shall undertake pursuant to and in conformity with this Power of Attorney.

   

  This Power of Attorney is revocable in whole or in part as to the powers herein granted upon notice by the Grantor. If not earlier revoked, this Power of Attorney
    shall expire completely or, if so indicated, in part, upon the earlier of the (i) termination of the amended and restated trust agreement, dated as of [●], 20[__] (the “Trust Agreement”), between Daimler Retail Receivables, as depositor, and [●], as
    owner trustee, or (ii) termination of the Administration Agreement. Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in the Trust Agreement or, if not defined therein, in the Administration
    Agreement, as the case may be.

   

  This Power of Attorney shall be created under and governed and construed under the internal laws of the State of New York.

   

  The Grantor executes this Power of Attorney with the intent to be legally bound hereby, and with the intent that such execution shall have the full dignity afforded
    by the accompanying witnessing and notarization and all lesser dignity resulting from the absence of such witnessing and notarization or any combination thereof.

   

  
    A-1

    
      
 

  

  It is expressly understood and agreed by the Grantee and any person relying on this Power of Attorney that (a) the Administration Agreement and this Power of
    Attorney is executed and delivered by [●], not individually or personally, but solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements made in the
    Administration Agreement or in this Power of Attorney on the part of the Grantor is made and intended not as personal representations, undertakings and agreements by [●] but is made and intended for the purpose of binding only the Grantor or the Owner
    Trustee, respectively, (c) nothing in the Administration Agreement or herein contained shall be construed as creating any liability on [●], individually or personally, to perform any covenant either expressed or implied contained in the Administration
    Agreement or herein of the Grantor or the Owner Trustee, all such liability, if any, being expressly waived by the Grantee and any person relying on this Power of Attorney and by any person claiming by, through or under the Grantee or such person, (d)
    [●] has made no investigation as to the accuracy or completeness of any representations and warranties made in the Administration Agreement or herein and (e) under no circumstances shall [●] be personally liable for the payment of any indebtedness or
    expenses of the Grantor or the Owner Trustee or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Grantor or the Owner Trustee under the Administration Agreement, this Power of
    Attorney or any other related documents.

   

  Notwithstanding anything herein to the contrary, this Power of Attorney does not, and is not intended to, and will not be construed to, grant any authority to the
    Grantee to (i) expand, increase, incur, or otherwise impose any duties, liabilities or obligations of or on the Owner Trustee, as trustee or in its individual capacity, or (ii) provide any guaranty, indemnity or property of the Owner Trustee, as
    trustee or in its individual capacity, for any reason whatsoever.

   

  
    A-2

    
      
 

  

  Dated this ____ day of [●], 20[__].

   

  		[Seal]	[●],
	 	 	not in its individual capacity but solely as Owner Trustee of Daimler Trucks Retail Trust 20[__]-[_]

   

  		By:	 
	 	 	Name:

          Title:

   

  Signed and delivered in the presence of:

   

  

  

  
   

  	Address:	 	 

   

  [Unofficial Witness]

   

   

  

  A-3

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