Document:

EX-10.1

 Exhibit 10.1 

PURCHASE AGREEMENT 

between 
 AFS SENSUB
CORP. 
 Purchaser 

and 
 AMERICREDIT
FINANCIAL SERVICES, INC. 
 Seller 

Dated as of             , 20     

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS
	  	 	1	  
			
	 SECTION 1.1
	  	 General
	  	 	1	  
	 SECTION 1.2
	  	 Specific Terms
	  	 	1	  
	 SECTION 1.3
	  	 Usage of Terms
	  	 	3	  
	 SECTION 1.4
	  	 [Reserved]
	  	 	3	  
	 SECTION 1.5
	  	 No Recourse
	  	 	3	  
	 SECTION 1.6
	  	 Action by or Consent of Noteholders and Certificateholder
	  	 	3	  
		
	 ARTICLE II. CONVEYANCE OF THE RECEIVABLES AND THE OTHER CONVEYED PROPERTY
	  	 	4	  
			
	 SECTION 2.1
	  	 Conveyance of the [Initial] Receivables and the [Initial] Other Conveyed Property
	  	 	4	  
	 SECTION 2.2
	  	 [Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property]
	  	 	5	  
		
	 ARTICLE III. REPRESENTATIONS AND WARRANTIES
	  	 	5	  
			
	 SECTION 3.1
	  	 Representations and Warranties of Seller
	  	 	5	  
	 SECTION 3.2
	  	 Representations and Warranties of Purchaser
	  	 	8	  
		
	 ARTICLE IV. COVENANTS OF SELLER
	  	 	10	  
			
	 SECTION 4.1
	  	 Protection of Title of Purchaser
	  	 	10	  
	 SECTION 4.2
	  	 Other Liens or Interests
	  	 	11	  
	 SECTION 4.3
	  	 Costs and Expenses
	  	 	12	  
	 SECTION 4.4
	  	 Indemnification
	  	 	12	  
		
	 ARTICLE V. REPURCHASES
	  	 	14	  
			
	 SECTION 5.1
	  	 Repurchase of Receivables upon Breach
	  	 	14	  
	 SECTION 5.2
	  	 Reassignment of Purchased Receivables
	  	 	14	  
	 SECTION 5.3
	  	 Waivers
	  	 	15	  
		
	 ARTICLE VI. MISCELLANEOUS
	  	 	15	  
			
	 SECTION 6.1
	  	 Liability of Seller
	  	 	15	  
	 SECTION 6.2
	  	 Merger or Consolidation of Seller or Purchaser
	  	 	15	  
	 SECTION 6.3
	  	 Limitation on Liability of Seller and Others
	  	 	16	  
	 SECTION 6.4
	  	 Seller May Own Notes or the Certificate
	  	 	16	  
	 SECTION 6.5
	  	 Amendment
	  	 	16	  
	 SECTION 6.6
	  	 Notices
	  	 	17	  
	 SECTION 6.7
	  	 Merger and Integration
	  	 	17	  
	 SECTION 6.8
	  	 Severability of Provisions
	  	 	17	  
	 SECTION 6.9
	  	 Intention of the Parties
	  	 	17	  
	 SECTION 6.10
	  	 Governing Law
	  	 	18	  
	 SECTION 6.11
	  	 Counterparts
	  	 	18	  
	 SECTION 6.12
	  	 Conveyance of the Receivables and the Other Conveyed Property to the Issuer
	  	 	18	  
	 SECTION 6.13
	  	 Nonpetition Covenant
	  	 	19	  

  
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 SCHEDULES 
  

	
	Schedule A — Schedule of [Initial] Receivables
	Schedule B-1 — Representations and Warranties of the Seller as to the Receivables
	Schedule B-2 — Representations and Warranties of the Seller as to the Pool of Receivables

 [EXHIBITS] 
  

	
	[Exhibit A — Form of Subsequent Purchase Agreement]

  
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 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT, dated as of             , 20    ,
executed between AFS SenSub Corp., a Nevada corporation, as purchaser (“Purchaser”) and AmeriCredit Financial Services, Inc., a Delaware corporation, as Seller (“Seller”). 

W I T N E S S E T H : 

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

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

ARTICLE I. 
 DEFINITIONS

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

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

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

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

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

“Repurchase Event” means the occurrence of a breach of any of the Seller’s representations and warranties in
Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement. 

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

“Schedule of [Initial] Receivables” means the schedule of [Initial] Receivables sold and transferred pursuant to this
Agreement which is attached hereto as Schedule A. 
 [“Subsequent Cutoff Date” means the date specified in the related
Subsequent Transfer Agreement, provided, however that such date shall be on or before the Subsequent Transfer Date.] 
 [“Subsequent
Other Conveyed Property” means all property conveyed by the Seller to the Purchaser pursuant to Sections 3(b) through (h) of the related Subsequent Purchase Agreement other than the Subsequent Receivables.] 

[“Subsequent Purchase Agreement” means an agreement by and between the Seller and the Purchaser pursuant to which the
Purchaser will acquire Subsequent Receivables, substantially in the form of Exhibit A hereunder.] 
 [“Subsequent
Receivables” means Receivables transferred to the Purchaser pursuant to Section 2.2 and the related Subsequent Purchase Agreement, which shall be listed on Schedule A to the related Subsequent Purchase Agreement.] 

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

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

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

SECTION 1.4 [Reserved]. 

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

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

  
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 ARTICLE II. 

CONVEYANCE OF THE RECEIVABLES 

AND THE OTHER CONVEYED PROPERTY 

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

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

 (4) any proceeds received from any [Initial] Receivable repurchased by a Dealer pursuant to a Dealer Agreement as a
result of a breach of representation or warranty in the related Dealer Agreement; 
 (5) all rights under any Service
Contracts on the related Financed Vehicles; 
 (6) the related Receivable Files; 

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

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

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

(b) Simultaneously with the conveyance of the [Initial] Receivables and the [Initial] Other Conveyed Property to Purchaser,
Purchaser has paid or caused to be paid 

  
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to or upon the order of Seller an amount equal to the book value of the [Initial] Receivables sold by Seller, as set forth on the books and records of Seller, by wire transfer of immediately
available funds and the remainder as a contribution to the capital of the Purchaser (a wholly-owned subsidiary of Seller). 
 SECTION 2.2
[Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property]. 
 (a) [On each Subsequent
Transfer Date and simultaneously with the execution and delivery of the related Subsequent Purchase Agreement, the Seller shall sell, transfer, assign, and otherwise convey to Purchaser without recourse (but without limitation of its obligations in
this Agreement), and Purchaser shall purchase, all right, title and interest of Seller in and to the Subsequent Receivables and the Subsequent Other Conveyed Property. It is the intention of Seller and Purchaser that the transfer and assignment
contemplated by such Subsequent Purchase Agreement shall constitute a sale of the Subsequent Receivables and the Subsequent Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any liens, and the
beneficial interest in and title to the Subsequent Receivables and the Subsequent Other Conveyed Property shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or
similar law.] 
 (b) [Simultaneously with the conveyance of the Subsequent Receivables and the Subsequent Other Conveyed
Property to Purchaser, Purchaser shall pay or cause to be paid to or upon the order of Seller the amount set forth in the related Subsequent Purchase Agreement.] 

ARTICLE III. 

REPRESENTATIONS AND WARRANTIES 

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

(a) Representations regarding the Receivables. The representations and warranties set forth on Schedule B-1 with respect
to the [Initial] Receivables as of the date hereof, and as of the Closing Date [and with respect to the Subsequent Receivables as of the related Subsequent Transfer Date], are true and correct. 

  
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 (b) Representations regarding the Pool of Receivables. The representations
and warranties set forth on Schedule B-2 with respect to the pool of Receivables as of the date hereof, and as of the Closing Date [and as of the related Subsequent Transfer Date], are true and correct. 

(c) No Fraud or Misrepresentation. To the best of the Seller’s knowledge, each Receivable that was originated by a
Dealer was sold by the Dealer to the Seller and by AmeriCredit to the Purchaser without any fraud or misrepresentation on the part of such Dealer or the Seller, respectively. 

(d) Lawful Assignment. No Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which
would make unlawful, void or voidable the sale, transfer and assignment of such Receivable under this Agreement or pursuant to transfers of the Notes. 

(e) No Impairment. The Seller has not done anything to convey any right to any Person that would result in such Person
having a right to payments due under the Receivables or otherwise to impair the rights of the Purchaser, the Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof. Other than the security
interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged, assigned, sold, granted a security interest in, or
otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral covering the Receivables other than any financing
statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment, ERISA or tax lien filings against it; and 

(f) No Funds Advanced. No funds had been advanced by the Seller or anyone acting on behalf of the Seller in order to
cause any Receivable to qualify under the representation and warranty set forth as clause [18(E)] of Schedule B-1. 
 (g)
Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as
such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to
Purchaser. 
 (h) Due Qualification. Seller is duly qualified to do business as a foreign corporation, is in good
standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification. 

  
 6 

 (i) Power and Authority. Seller has the power and authority to execute and
deliver this Agreement and its Related Documents and to carry out its terms and their terms, respectively; Seller has full power and authority to sell and assign the Receivables and the Other Conveyed Property to be sold and assigned to and
deposited with Purchaser hereunder and has duly authorized such sale and assignment to Purchaser by all necessary corporate action; and the execution, delivery and performance of this Agreement and Seller’s Related Documents have been duly
authorized by Seller by all necessary corporate action. 
 (j) No Consent Required. Seller is not required to obtain
the consent of any other Person, or any consent, license, approval or authorization or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery or performance of this Agreement and the
Related Documents, except for such as have been obtained, effected or made. 
 (k) Valid Sale; Binding Obligations.
This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and
creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited
by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is
considered in a proceeding in equity or at law. 
 (l) No Violation. The consummation of the transactions contemplated
by this Agreement and the Related Documents, and the fulfillment of the terms of this Agreement and the Related Documents, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice,
lapse of time or both) a default under, the articles of incorporation or bylaws of Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which Seller is a party or by which it is bound, or result in the creation or
imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, the Sale and Servicing Agreement and the Indenture, or violate any law,
order, rule or regulation applicable to Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over Seller or any of its properties. 

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

  
 7 

 
enforceability of, this Agreement or any of the Related Documents or (iv) seeking to affect adversely the federal income tax or other federal, state or local tax attributes of, or seeking to
impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the Receivables and the Other Conveyed Property hereunder or under the Sale and Servicing Agreement. 

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

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

(a) Organization and Good Standing. Purchaser has been duly organized and is validly existing and in good standing as a
corporation under the laws of the State of Nevada, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and
has, full power, authority and legal right to acquire and own the Receivables and the Other Conveyed Property, and to transfer the Receivables and the Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement. 

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

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

  
 9 

 
it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes, the Certificate, pass-through certificates or other similar securities
issued by Purchaser, or a trust or similar vehicle formed by Purchaser, have been paid in full. Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by Purchaser,
Issuer or by the Trustee on behalf of the Noteholders and Owner Trustee on behalf of the Certificateholder. 
 ARTICLE IV. 

COVENANTS OF SELLER 

SECTION 4.1 Protection of Title of Purchaser. 

(a) At or prior to the Closing Date, Seller shall have filed or caused to be filed a UCC-1 financing statement, naming Seller
as seller or debtor, naming Purchaser as purchaser or secured party and describing the [Initial] Receivables and the [Initial] Other Conveyed Property being sold by it to Purchaser as collateral, with the office of the Secretary of State of the
State of Delaware and in such other locations as Purchaser shall have required. [At or prior to any Subsequent Transfer Date, Seller shall file or cause to be filed a UCC-1 financing statement naming Seller as seller or debtor, naming the Purchaser
as purchaser or secured party and describing the Subsequent Receivables and the Subsequent Other Conveyed Property being sold by it to the Purchaser as collateral, with the office of the Secretary of State of the State of Delaware and in such other
locations as Purchaser shall require.] From time to time thereafter, Seller shall execute and file such financing statements and cause to be executed and filed such continuation statements, all in such manner and in such places as may be required by
law fully to preserve, maintain and protect the interest of Purchaser under this Agreement, of the Issuer under the Sale and Servicing Agreement and of the Trust Collateral Agent under the Indenture in the Receivables and the Other Conveyed Property
and in the proceeds thereof. Seller shall deliver (or cause to be delivered) to Purchaser and the Trust Collateral Agent file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such
filing. In the event that Seller fails to perform its obligations under this subsection, Purchaser, Issuer or the Trust Collateral Agent may do so, at the expense of the Seller. In furtherance of the foregoing, the Seller hereby authorizes the
Purchaser, the Issuer or the Trust Collateral Agent to file a record or records (as defined in the applicable UCC), including, without limitation, financing statements, in all jurisdictions and with all filing offices as each may determine, in its
sole discretion, are necessary or advisable to perfect the security interest granted to the Purchaser pursuant to Section 6.9 of this Agreement. Such financing statements may describe the collateral in the same manner as described herein or may
contain an indication or description of collateral that describes such property in any other manner as such party may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the
collateral granted to the Purchaser herein. 
 (b) Seller shall not change its name, identity, state of incorporation or
corporate structure in any manner that would, could or might make any financing statement or 

  
 10 

 
continuation statement filed by Seller (or by Purchaser, Issuer or the Trust Collateral Agent on behalf of Seller) in accordance with paragraph (a) above seriously misleading within the
meaning of §9-506 of the applicable UCC, unless they shall have given Purchaser, Issuer and the Trust Collateral Agent at least 60 days’ prior written notice thereof, and shall promptly file appropriate amendments to all previously filed
financing statements and continuation statements. 
 (c) Seller shall give Purchaser, the Issuer and the Trust Collateral
Agent at least 60 days’ prior written notice of any relocation that would result in a change of the location of the debtor within the meaning of Section 9-307 of the applicable UCC. Seller shall at all times maintain (i) each office
from which it services Receivables within the United States of America or Canada and (ii) its principal executive office within the United States of America. 

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

(e) If at any time Seller shall propose to sell, grant a security interest in, or otherwise transfer any interest in any motor
vehicle receivables to any prospective purchaser, lender or other transferee, Seller shall give to such prospective purchaser, lender, or other transferee computer tapes, records, or print-outs (including any restored from archives) that, if they
shall refer in any manner whatsoever to any Receivable (other than a Purchased Receivable or a Sold Receivable), shall indicate clearly that such Receivable has been sold to Purchaser, sold by Purchaser to Issuer, and is owned by the Issuer. 

SECTION 4.2 Other Liens or Interests. Except for the conveyances hereunder, Seller will not sell, pledge, assign or transfer to any
other Person, or grant, create, incur, assume or suffer to exist any Lien on the Receivables or the Other Conveyed Property or any interest therein, and Seller shall defend the right, title, and interest of Purchaser and the Issuer in and to the
Receivables and the Other Conveyed Property against all claims of third-parties claiming through or under Seller. 

  
 11 

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

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

(d) Seller agrees to pay, and shall defend, indemnify and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the
Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against any taxes that may at any time be asserted against Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the
Certificateholder with respect to the transactions contemplated in this Agreement, including, without limitation, any sales, gross receipts, general corporation, tangible or intangible personal property, privilege, or license taxes (but not
including any taxes asserted with respect to, and as of the date of, the sale, transfer and assignment of the Receivables and the Other Conveyed Property to Purchaser and by Purchaser to the Issuer or the issuance and original sale of the Notes or
issuance of the Certificate, or asserted with respect to ownership of the Receivables and Other Conveyed Property which shall be indemnified by Seller pursuant to clause (e) below, or federal, state or other income taxes, arising out of
distributions on the Notes or the Certificate or transfer taxes arising in connection with the transfer of the Notes or the Certificate) and costs and expenses in defending against the same, arising by reason of the acts to be performed by Seller
under this Agreement or imposed against such Persons. 
 (e) Seller agrees to pay, and to indemnify, defend and hold harmless
Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the Certificateholder from, any taxes which may at any time be asserted against such Persons with respect to, and as of the date of, the
conveyance or ownership of the Receivables or the Other Conveyed Property hereunder [and under any Subsequent 

  
 12 

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

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

(h) Seller shall indemnify, defend and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner
Trustee, the Noteholders and the Certificateholder from and against any loss, liability or expense imposed upon, or incurred by, Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders or the
Certificateholder as result of the failure of any Receivable, or the sale of the related Financed Vehicle, to comply with all requirements of applicable law. 

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

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

  
 13 

 ARTICLE V. 

REPURCHASES 
 SECTION 5.1
Repurchase of Receivables upon Breach. Upon the occurrence of a Repurchase Event, Seller shall, unless the breach which is the subject of such Repurchase Event shall have been cured in all material respects, repurchase the Receivable relating
thereto from the Issuer if and only if the interests of the Noteholders therein are materially and adversely affected by any such breach from the Issuer and, simultaneously with the repurchase of the Receivable, Seller shall deposit the Purchase
Amount in full, without deduction or offset, to the Collection Account, pursuant to Section 3.2 of the Sale and Servicing Agreement. It is understood and agreed that, except as set forth in Section 6.1 hereof, the obligation of Seller to
repurchase any Receivable, as to which a breach occurred and is continuing, shall, if such obligation is fulfilled, constitute the sole remedy against Seller for such breach available to Purchaser, the Issuer, the Noteholders, the Certificateholder,
the Trust Collateral Agent on behalf of the Noteholders or the Owner Trustee on behalf of the Certificateholder. The provisions of this Section 5.1 are intended to grant the Issuer, and the Trust Collateral Agent a direct right against Seller
to demand performance hereunder, and in connection therewith, Seller waives any requirement of prior demand against Purchaser with respect to such repurchase obligation. Any such repurchase shall take place in the manner specified in
Section 3.2 of the Sale and Servicing Agreement. Notwithstanding any other provision of this Agreement or the Sale and Servicing Agreement to the contrary, the obligation of Seller under this Section shall not terminate upon a termination of
Seller as Servicer under the Sale and Servicing Agreement and shall be performed in accordance with the terms hereof notwithstanding the failure of the Servicer or Purchaser to perform any of their respective obligations with respect to such
Receivable under the Sale and Servicing Agreement. 
 In addition to the foregoing and notwithstanding whether the related Receivable shall
have been purchased by Seller, Seller shall indemnify the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against all costs, expenses, losses, damages, claims and liabilities,
including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third-party claims arising out of the events or facts giving rise to such Repurchase Events. 

SECTION 5.2 Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable
repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and
to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising
as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that
Seller may not enforce any such Receivable on the ground that it 

  
 14 

 
shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably
necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name. 
 SECTION 5.3
Waivers. No failure or delay on the part of Purchaser (or the Issuer as assignee of Purchaser, or the Trust Collateral Agent as assignee of the Issuer) or the Trustee in exercising any power, right or remedy under this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other or future exercise thereof or the exercise of any other power, right or remedy. 

ARTICLE VI. 

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

SECTION 6.2 Merger or Consolidation of Seller or Purchaser. Any corporation or other entity (i) into which Seller or Purchaser may
be merged or consolidated, (ii) resulting from any merger or consolidation to which Seller or Purchaser is a party or (iii) succeeding to the business of Seller or Purchaser, in the case of Purchaser, which corporation has a certificate of
incorporation containing provisions relating to limitations on business and other matters substantively identical to those contained in Purchaser’s certificate of incorporation, provided that in any of the foregoing cases such corporation shall
execute an agreement of assumption to perform every obligation of Seller or Purchaser, as the case may be, under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to Seller or Purchaser, as the case may
be, hereunder (without relieving Seller or Purchaser of their responsibilities hereunder, if it survives such merger or consolidation) without the execution or filing of any document or any further action by any of the parties to this Agreement.
Seller or Purchaser shall promptly inform the other party, the Issuer, the Trust Collateral Agent and the Owner Trustee and, as a condition to the consummation of the transactions referred to in clauses (i), (ii) and (iii) above,
(x) immediately after giving effect to such transaction, no representation or warranty made pursuant to Sections 3.1 and 3.2 of this Agreement shall have been breached (for purposes hereof, such representations and warranties shall speak as of
the date of the consummation of such transaction) and be continuing, (y) Seller or Purchaser, as applicable, shall have delivered written notice of such consolidation, merger or purchase and assumption to the Rating Agencies prior to the
consummation of such transaction and shall have delivered to the Issuer, and the Trust Collateral Agent an Officer’s Certificate of the Seller or a certificate signed by or on behalf of the Purchaser, as applicable, and an Opinion of Counsel
each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section 6.2 and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied
with, and (z) Seller or Purchaser, as applicable, shall have delivered to the Issuer, and the Trust Collateral Agent an Opinion of Counsel, stating, in the opinion of such counsel, either (A) all financing statements and continuation
statements and amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Issuer and the Trust Collateral Agent in the Receivables and reciting the details of the filings or (B) no such action
shall be necessary to preserve and protect such interest. 

  
 15 

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

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

SECTION 6.5 Amendment. 

(a) This Agreement may be amended by Seller and Purchaser without the consent of the Trust Collateral Agent, the Owner Trustee,
the Certificateholder or any of the Noteholders (i) to cure any ambiguity or (ii) to correct any provisions in this Agreement; provided, however, that such action shall not, as evidenced by an Opinion of Counsel delivered to the Issuer,
the Owner Trustee and the Trust Collateral Agent, adversely affect in any material respect the interests of any Certificateholder, Noteholder, the Trustee or the Trust Collateral Agent and that such amendment is authorized and permitted by this
Agreement. 
 (b) This Agreement may also be amended from time to time by Seller and Purchaser, and with the consent of the
Trust Collateral Agent and, if required, the Certificateholder and the Noteholders evidencing not less than a majority of the outstanding principal amount of the Notes, in accordance with the Sale and Servicing Agreement, for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Certificateholder or Noteholders; provided, however, the Seller provides the Trust
Collateral Agent with an Opinion of Counsel, (which may be provided by the Seller’s internal counsel) that no such amendment shall increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on
Receivables or distributions that shall be required to be made on any Note or the Certificate and that such amendment is authorized and permitted by this Agreement. 

(c) Prior to the execution of any such amendment or consent, Seller shall have furnished written notification of the substance
of such amendment or consent to each Rating Agency. 
 (d) It shall not be necessary for the consent of Certificateholder or
Noteholders pursuant to this Section to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholder or Noteholders shall be subject to such reasonable requirements as the Trust Collateral Agent may prescribe, including the establishment of record dates. The consent of a Holder of the
Certificate or a Note given pursuant to this 

  
 16 

 
Section or pursuant to any other provision of this Agreement shall be conclusive and binding on such Holder and on all future Holders of the Certificate or such Note and of the Certificate or any
Note issued upon the transfer thereof or in exchange thereof or in lieu thereof whether or not notation of such consent is made upon the Certificate or Note. 

SECTION 6.6 Notices. All demands, notices and communications to Seller or Purchaser hereunder shall be in writing, personally
delivered, or sent by telecopier (subsequently confirmed in writing), reputable overnight courier or mailed by certified mail, return receipt requested, and shall be deemed to have been given upon receipt (a) in the case of Seller, to
AmeriCredit Financial Services, Inc., 801 Cherry Street, Suite 3500, Fort Worth, Texas 76102, Attention: Chief Financial Officer, or (b) in the case of Purchaser, to AFS SenSub Corp., 2265 B Renaissance Drive, Suite 17, Las Vegas, Nevada 89119,
Attention: Chief Financial Officer, with a copy to AFS SenSub Corp., c/o AmeriCredit Financial Services, Inc., 801 Cherry Street, Suite 3500, Fort Worth, Texas, 76102, Attention: Chief Financial Officer, or such other address as shall be designated
by a party in a written notice delivered to the other party or to the Issuer, Owner Trustee or the Trust Collateral Agent, as applicable. 

SECTION 6.7 Merger and Integration. Except as specifically stated otherwise herein, this Agreement and Related Documents set forth the
entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement and the Related Documents. This Agreement may not be modified, amended, waived or supplemented
except as provided herein. 
 SECTION 6.8 Severability of Provisions. If any one or more of the covenants, provisions or terms of
this Agreement shall be for any reason whatsoever held invalid, then such covenants, provisions or terms shall be deemed severable from the remaining covenants, provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. 
 SECTION 6.9 Intention of the Parties. 

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

  
 17 

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

(4) any proceeds received from a Dealer pursuant to a Dealer Agreement as a result of a breach of representation or warranty in
the related Dealer Agreement; 
 (5) all rights under any Service Contracts on the related Financed Vehicles; 

(6) the related Receivable Files; 

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

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

SECTION 6.10 Governing Law. This Agreement shall be construed in accordance with, and this Agreement and all matters arising out of or
relating in any way to this Agreement shall be governed by, the law of the State of New York, without giving effect to its conflict of law provisions (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law). 

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

SECTION 6.12 Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends,
pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Date [and on the Subsequent Transfer Date in the case of Subsequent
Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase
Agreement] and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform
its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, 

  
 18 

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

SECTION 6.13 Nonpetition Covenant. Neither Purchaser nor Seller shall petition or otherwise invoke the process of any court or
government authority for the purpose of commencing or sustaining a case against the Purchaser or the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian,
sequestrator or other similar official of the Purchaser or the Issuer or any substantial part of their respective property, or ordering the winding up or liquidation of the affairs of the Purchaser or the Issuer. 

[Remainder of Page Intentionally Left Blank] 

  
 19 

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

			
	AFS SENSUB CORP., as Purchaser
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMERICREDIT FINANCIAL SERVICES, INC., as Seller
		
	By:	 	  

		 	Name:
		 	Title:

  

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

		 	Name:
		 	Title:

 [Purchase Agreement] 

 SCHEDULE A 

SCHEDULE OF RECEIVABLES 

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

  
 SCH-A-1 

 SCHEDULE B-1 

REPRESENTATIONS AND WARRANTIES OF THE SELLER 

REGARDING THE RECEIVABLES 

1. Characteristics of Receivables. Each Receivable (A) was originated (i) by AmeriCredit or (ii) by a Dealer and
purchased by AmeriCredit from such Dealer under an existing Dealer Agreement or pursuant to a Dealer Assignment with AmeriCredit and was validly assigned by such Dealer to AmeriCredit pursuant to a Dealer Assignment, (B) was originated by
AmeriCredit or such Dealer for the retail sale of a Financed Vehicle in the ordinary course of AmeriCredit’s or the Dealer’s business, in each case (i) was originated in accordance with AmeriCredit’s credit policies and
(ii) was fully and properly executed by the parties thereto, and (iii) AmeriCredit and, to the best of the Seller’s and the Servicer’s knowledge, each Dealer had all necessary licenses and permits to originate Receivables in the
state where AmeriCredit or each such Dealer was located, (C) contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the collateral security, and
(D) has not been amended or collections with respect to which waived, other than as evidenced in the Receivable File or the Servicer’s electronic records relating thereto. 

2. Compliance with Law. All requirements of applicable federal, state and local laws, and regulations thereunder (including, without
limitation, usury laws, the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Magnuson-Moss Warranty Act, the Federal Reserve
Board’s Regulations “B” and “Z” (including amendments to the Federal Reserve’s Official Staff Commentary to Regulation Z, effective October 1, 1998, concerning negative equity loans), the Dodd-Frank Wall Street
Reform and Consumer Protection Act, the Servicemembers Civil Relief Act, each applicable state Motor Vehicle Retail Installment Sales Act, the Gramm-Leach-Bliley Act and state adaptations of the National Consumer Act and of the Uniform Consumer
Credit Code and other consumer credit laws and equal credit opportunity and disclosure laws) in respect of the Receivables and the Financed Vehicles, have been complied with in all material respects. 

3. Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation of the Obligor thereon,
enforceable by the holder thereof in accordance with its terms, except (A) as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and by equitable
limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law and (B) as such Receivable may be modified by the application after the Cutoff Date of the
Servicemembers Civil Relief Act, as amended; and, to the best of the Seller’s and the Servicer’s knowledge, all parties to each Receivable had full legal capacity to execute and deliver such Receivable and all other documents related
thereto and to grant the security interest purported to be granted thereby. 
 4. Schedule of Receivables. The information set forth
in the Schedule of Receivables has been produced from the Electronic Ledger and was true and correct in all material respects as of the close of business on the Cutoff Date. 

  
 SCH-B-1 

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

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

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

9. Revisions. With respect to Contracts that are “electronic chattel paper”, the related Receivables have been
established in a manner such that (a) all copies or revisions that add or change an identified assignee of the authoritative copy of each such Contract must be made with the participation of the Trust Collateral Agent and (b) all revisions
of the authoritative copy of each such Contract are readily identifiable as an authorized or unauthorized revision.  
 10.
Pledge or Assignment. With respect to Contracts that are “electronic chattel paper”, the authoritative copy of each Contract communicated to the Custodian has no marks or notations indicating that it has been pledged, assigned or
otherwise conveyed to any Person other than the Trust Collateral Agent. 
 11. Receivable Files Complete. There exists a
Receivable File pertaining to each Receivable. Related documentation concerning the Receivable, including any documentation regarding modifications of the Contract, will be maintained electronically by the Servicer in accordance with customary
policies and procedures. With respect to any Receivables that are tangible chattel paper, the complete Receivable File for each Receivable currently is in the possession of the Custodian. 

12. Receivables in Force. No Receivable has been satisfied, or, to the best of the Seller’s and the Servicer’s knowledge,
subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part. No terms of any Receivable have been waived, altered or modified in any respect
since its origination, except by instruments or documents identified in the Receivable File or the Servicer’s electronic records. 

  
 SCH-B-2 

 13. Good Title. Immediately prior to the conveyance of the Receivables to the Purchaser
pursuant to this Agreement, the Seller was the sole owner thereof and had good and indefeasible title thereto, free of any Lien and, upon execution and delivery of this Agreement by the Seller, the Purchaser shall have good and indefeasible title to
and will be the sole owner of such Receivables, free of any Lien. The Seller has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the
related Dealer Agreements or Dealer Assignments or to payments due under such Receivables. No Dealer has a participation in, or other right to receive, proceeds of any Receivable. 

14. Security Interest in Financed Vehicle. Each Receivable created or shall create a valid, binding and enforceable first priority
security interest in favor of AmeriCredit in the Financed Vehicle. The Lien Certificate for each Financed Vehicle shows, or AmeriCredit has commenced procedures that will result in such Lien Certificate which will show, AmeriCredit named (which may
be accomplished by the use of a properly registered DBA name in the applicable jurisdiction) as the original secured party under each Receivable as the holder of a first priority security interest in such Financed Vehicle. Immediately after the
sale, transfer and assignment by the Seller to the Trust, each Receivable will be secured by an enforceable and perfected first priority security interest in the Financed Vehicle in favor of the Trust Collateral Agent as secured party, which
security interest is prior to all other Liens upon and security interests in such Financed Vehicle which now exist or may hereafter arise or be created (except, as to priority, for any lien for taxes, labor or materials affecting a Financed
Vehicle). To the best of the Seller’s knowledge, as of the Cutoff Date, there were no Liens or claims for taxes, work, labor or materials affecting a Financed Vehicle which are or may be Liens prior or equal to the Liens of the related
Receivable. 
 15. Receivable Not Assumable. No Receivable is assumable by another Person in a manner which would release the Obligor
thereof from such Obligor’s obligations to the owner thereof with respect to such Receivable. 
 16. No Defenses. No Receivable
is subject to any right of rescission, setoff, counterclaim or defense, including the defense of usury, and the operation of any of the terms of any Receivable, or the exercise of any right thereunder, will not render such Receivable unenforceable
in whole or in part and no such right has been asserted or threatened with respect to any Receivable. 
 17. No Default. There has
been no default, breach, or, to the knowledge of the Seller and Servicer, violation or event permitting acceleration under the terms of any Receivable (other than payment delinquencies of not more than 30 days), and, to the best of the Seller’s
knowledge, no condition exists or event has occurred and is continuing that with notice, the lapse of time or both would constitute a default, breach, violation or event permitting acceleration under the terms of any Receivable, and there has been
no waiver of any of the foregoing. 
 18. Insurance. At the time of an origination of a Receivable by AmeriCredit or a Dealer, each
Financed Vehicle is required to be covered by a comprehensive and collision insurance policy, and each Receivable permits the holder thereof to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so.

  
 SCH-B-3 

 19. Certain Characteristics of the Receivables. 

(A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than 3 months and not more than     
months. 
 (B) Each Receivable had an original maturity, as of the Cutoff Date, of not less than 3 months and not more than
     months. 
 (C) Each Receivable had a remaining Principal Balance, as of the Cutoff Date, of at least
$250 and not more than $        . 
 (D) Each Receivable had an Annual Percentage
Rate, as of the Cutoff Date, of at least 1% and not more than     %. 
 (E) No Receivable was more than
30 days past due as of the Cutoff Date. 
 (F) Each Receivable arose under a Contract that is governed by the laws of the
United States or any State thereof. 
 (G) Each Obligor had a billing address in the United States as of the date of
origination of the related Receivable. 
 (H) Each Receivable is denominated in, and each Contract provides for payment in,
United States dollars. 
 (I) Each Receivable arose under a Contract that is assignable without the consent of, or notice to,
the Obligor thereunder, and does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the
Contract. Each Receivable prohibits the sale or transfer of the Financed Vehicle without the consent of the Servicer. 
 (J)
Each Receivable arose under a Contract with respect to which AmeriCredit has performed all obligations required to be performed by it thereunder. 

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

(L) The Servicer’s records do not indicate that any Obligor was in bankruptcy as of the Cutoff Date. 

(M) No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.

 20. Prepayment. Each Receivable allows for prepayment and partial prepayments without penalty. 

  
 SCH-B-4 

 SCHEDULE B-2 

REPRESENTATIONS AND WARRANTIES OF THE SELLER 

REGARDING THE POOL OF RECEIVABLES 

1. Adverse Selection. No selection procedures adverse to the Noteholders were utilized in selecting the Receivables from those
receivables owned by the Seller which met the selection criteria set forth in clauses [(A) through (M) of number 19] of Schedule B-1. 

2. All Filings Made. All filings (including, without limitation, UCC filings (including, without limitation, the filing by the Seller
of all appropriate financing statements in the proper filing office in the State of Delaware under applicable law in order to perfect the security interest in the Receivables granted to the Trust hereunder)) required to be made by any Person and
actions required to be taken or performed by any Person in any jurisdiction to give the Trust and the Trust Collateral Agent a first priority perfected lien on, or ownership interest in, the Receivables and the proceeds thereof and the Other
Conveyed Property have been made, taken or performed. 
 3. Consumer Leases. No Receivable in the pool constitutes a “consumer
lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. 

  
 SCH-B-1 

 [EXHIBIT A] 

[SUBSEQUENT PURCHASE AGREEMENT] 

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

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

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

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

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

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

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

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

  
 Ex-A-1 

 (d) any proceeds from any Subsequent Receivable repurchased by a Dealer pursuant
to a Dealer Agreement as a result of a breach of representation or warranty in the related Dealer Agreement; 
 (e) all
rights under any Service Contracts on the related Financed Vehicles; 
 (f) the related Receivables Files; 

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

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

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

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

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

(c) Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing, and
has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect the Seller’s 

  
 Ex-A-2 

 
ability to transfer the respective Subsequent Receivables and the Subsequent Other Conveyed Property to the Purchaser pursuant to this Agreement, or the validity or enforceability of the
respective Subsequent Receivables and the Subsequent Other Conveyed Property or to perform the Seller’s obligations hereunder and under the Seller’s Related Documents. 

(d) Power and Authority. The Seller has the power and authority to execute and deliver this Agreement and its Related
Documents and to carry out its terms and their terms; the Seller has full power and authority to sell and assign the Subsequent Receivables and the Subsequent Other Conveyed Property to be sold and assigned to and deposited with the Purchaser by it
and has duly authorized such sale and assignment to the Purchaser by all necessary corporate action; and the execution, delivery and performance of this Agreement and the Seller’s Related Documents have been duly authorized by the Seller by all
necessary corporate action. 
 (e) Valid Sale, Binding Obligations. This Agreement effects a valid sale, transfer and
assignment of the respective Subsequent Receivables and the Subsequent Other Conveyed Property, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents, when duly
executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law. 

(f) No Violation. The consummation of the transactions contemplated by this Agreement and the Related Documents and the
fulfillment of the terms of this Agreement and the Related Documents shall not conflict with, result in any breach of any of the terms and provisions of or constitute (with or without notice, lapse of time or both) a default under the certificate of
incorporation or bylaws of the Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Seller is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties
pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory
body, administrative agency or other governmental instrumentality having jurisdiction over the Seller or any of their respective properties. 

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

  
 Ex-A-3 

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

(h) Chief Executive Office. The chief executive office of the Seller is at [801 Cherry Street, Suite 3500, Fort Worth,
Texas 76102]. 
 (i) Legal Name. The Seller’s exact legal name is, and at all times has been, the name indicated
for it on the signature page below. 
 (j) Organization. the Seller is, and at all times has been, a corporation
organized exclusively under the laws of Delaware. 
 (k) Principal Balance. The aggregate Principal Balance of the
Subsequent Receivables transferred by the Seller listed on Schedule A attached hereto and conveyed to the Purchaser pursuant to this Agreement as of the Subsequent Cutoff Date is $        . 

(l) Seller’s Intention. The Subsequent Receivables are being transferred with the intention of removing them from
the Seller’s estate pursuant to Section 541 of the United States Bankruptcy Code, as the same may be amended from time to time. 

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

(c) Power and Authority. Purchaser has the power, authority and legal right to execute and deliver this Agreement and to
carry out the terms hereof and to acquire the Subsequent Receivables and the Subsequent Other Conveyed Property hereunder; and the execution, delivery and performance of this Agreement and all of the documents required pursuant hereto have been duly
authorized by Purchaser by all necessary corporate action. 

  
 Ex-A-4 

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

  
 Ex-A-5 

 
date on which all Notes, the Certificate, pass-through certificates or other similar securities issued by Purchaser, or a trust or similar vehicle formed by Purchaser, have been paid in full.
Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by Purchaser, Issuer or by the Trustee on behalf of the Noteholders and Owner Trustee on behalf of the
Certificateholder. 
 6. Conditions Precedent. The obligation of the Purchaser to acquire the Subsequent Receivables hereunder is
subject to the satisfaction, on or prior to the Subsequent Transfer Date, of the following conditions precedent: 
 (a)
Representations and Warranties. Each of the representations and warranties made by the Seller in Sections 4 and 5 of this Agreement and in Sections 3.1 and 3.2 of the Purchase Agreement shall be true and correct as of the date of this
Agreement and as of the Subsequent Transfer Date. 
 (b) Conditions. Upon the resale of the Subsequent Receivables
sold by the Seller to the Purchaser hereunder and by the Purchaser to the Issuer pursuant to the Sale and Servicing Agreement and any related Subsequent Transfer Agreement, the conditions precedent to such sale, set forth in Section 2.2(b) of
the Sale and Servicing Agreement shall be satisfied. 
 (c) Additional Information. The Seller shall have delivered to
the Purchaser such information as was reasonably requested by the Purchaser to satisfy itself as to (i) the accuracy of the representations and warranties set forth in Section 4 of this Agreement and in Sections 3.1 and 3.2 of the Purchase
Agreement and (ii) the satisfaction of the conditions set forth in this Section. 
 7. Ratification of Agreement. As
supplemented by this Agreement, the Purchase Agreement is in all respects ratified and confirmed and the Purchase Agreement as so supplemented by this Agreement shall be read, taken and construed as one and the same instrument. 

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

  
 Ex-A-6 

 
anything to the contrary in this Agreement, the Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder
(notwithstanding any failure by the Servicer or the Purchaser to perform its duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of the Seller under this Agreement
against the Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. 
 10.
GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THIS AGREEMENT AND ALL MATTERS ARISING OUT OF OR RELATING IN ANY WAY TO THE AGREEMENT SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO
ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 Ex-A-7 

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

			
	AMERICREDIT FINANCIAL SERVICES, INC., as Seller
		
	By:	 	  

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

		 	Name:
		 	Title:

  

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

		 	Name:
		 	Title:

  
 Ex-A-8 

 SCHEDULE A 

SCHEDULE OF SUBSEQUENT RECEIVABLES] 

  
 Ex-A-9EX-10.2

 Exhibit 10.2 

SERIES 20    -     LOCKBOX ACCOUNT AGREEMENT 

Dated as of             , 20     

[Processor] (“Processor”), AmeriCredit Financial Services, Inc. (“AmeriCredit”) and [Trustee], as Trustee
(the “Trustee”), agree as follows: 
 1. Servicing Arrangements. AmeriCredit, as Servicer (the
“Servicer”), AFS SenSub Corp., as Seller (“Seller”), AmeriCredit Automobile Receivables Trust 20    -     (the “Trust”) and the Trustee entered into a Sale
and Servicing Agreement dated as of             , 20     (as amended, supplemented and otherwise modified from time to time, the “Sale and Servicing
Agreement”), relating to the Receivables (as such term is defined in the Sale and Servicing Agreement), pursuant to which the Receivables were sold, transferred, assigned, or otherwise conveyed to the Trust. The Sale and Servicing Agreement
contemplates the engagement of a processor and includes terms for the opening of the Lockbox Account (as defined herein), and the Indenture contemplates that the Lockbox Account will be assigned and pledged to the Trust Collateral Agent. The Sale
and Servicing Agreement does not include specific terms for the provision of data processing services and deposit of remittance items. Such terms are set forth in this Lockbox Account Agreement (the “Agreement”). All capitalized
terms used herein and not otherwise defined herein shall have the meanings specified in the Sale and Servicing Agreement. 
 2.
Remittance Processing Services. In order to provide a means of collection of the Receivables which will allow the Trustee to receive the proceeds of the Receivables and related security without AmeriCredit or its Affiliates having access to
the funds, the parties hereto agree for the benefit of the Trustee that the banking services (the “Service(s)”) of Processor will be used for the deposit of remittances related to the Receivables and related security. 

3. Customer Remittances. Third party money wire transfer providers, which shall include Western Union Financial Services, Inc.
(“ACH Service”) may from time to time electronically deposit funds in the Lockbox Account (as defined herein) on behalf of Obligors and such ACH Service shall be authorized by Processor to electronically debit the Lockbox Account
for the amounts of any return items from Obligors; provided, however, the electronic debit of the Lockbox Account for any return items by all ACH Services may not exceed $100,000 in the aggregate per day. Processor is authorized to establish such
arrangements, on such terms deemed prudent by Processor, with such ACH Service concerning the electronic access to the Lockbox Account. 

4. The Lockbox Account. 

(a) Processor (ABA No.
                    ) has established account number
                     (the “Lockbox Account”). Pursuant to the terms of the Indenture and during the term of this Agreement, and
except as otherwise required by law (e.g., for purposes of attachment, execution and other forms of legal process), all collected funds held in the Lockbox Account shall be deemed to be the Trustee’s funds, and the Trustee will have exclusive
right to control such funds and to make demand upon or otherwise require Processor to make payment of any such funds to any person. In the event a successor Processor has become Processor, the successor Processor’s notice of the new Lockbox
Account pursuant to Section 16 shall amend and replace the Lockbox Account above without the execution or filing of any document or any further act by any of the parties to this Agreement. 

 (b) Unless otherwise directed by the Trustee, AmeriCredit agrees that all collected funds on
deposit in the Lockbox Account shall be transferred from the Lockbox Account within two (2) Business Days by wire transfer in immediately available funds to the following account: [Trustee], Account No.
                     (the “Collection Account”). 

(c) Each party hereto agrees that all funds deposited into the Lockbox Account will not be subject to deduction, setoff, banker’s lien,
or any other similar right in favor of any person, except that Processor or ACH Service may setoff against the Lockbox Account the face amount of any check or other item deposited in and credited to such Lockbox Account which is subsequently
returned for any reason or is otherwise not collected, necessary account adjustments as a result of errors and overdrafts related to return items. If there are insufficient funds in the Lockbox Account to pay items charged back to the Lockbox
Account and AmeriCredit has not remitted payment within ten (10) days of demand therefor by Processor, the Trustee shall, upon provision of evidence satisfactory to the Trustee, make payment to Processor for any such amounts from funds in the
Collection Account but, only to the extent that such amount was actually received by the Trustee. If there are insufficient funds in the Lockbox Account to pay items charged back to the Lockbox Account, AmeriCredit shall remit payment within two
(2) days of demand therefore by Processor. 
 5. Applicable Documentation. This Agreement supplements, rather than replaces,
Processor’s deposit account agreement, terms and conditions, and other standard documentation in effect from time to time with respect to the Lockbox Account or the services provided in connection therewith (the “Applicable
Documentation”), which Applicable Documentation will continue to apply to the Lockbox Account and such services, and the respective rights, powers, duties, obligations, liabilities and responsibilities of the parties thereto and hereto, to
the extent not expressly conflicting with the provisions of this Agreement (however, in the event of any such conflict, the provisions of this Agreement shall control). Prior to issuing any instructions, the Trustee shall provide Processor with such
documentation as Processor may reasonably request to establish the identity and authority of the individuals issuing instructions on behalf of the Trustee. The Trustee may request the Processor to provide other services with respect to the Lockbox
Account; however, if such services are not authorized or otherwise covered under the Applicable Documentation, Processor’s decision to provide any such services shall be made in its sole discretion (including without limitation being subject to
AmeriCredit and/or the Trustee executing such Applicable Documentation or other documentation as Processor may require in connection therewith). 

6. Processor’s General Duties. Notwithstanding anything to the contrary in this Agreement: (i) Processor shall have only the
duties and responsibilities with respect to the matters set forth herein as is expressly set forth in writing herein and shall not be deemed to be an agent, bailee or fiduciary for any party hereto; (ii) Processor shall be fully protected in
acting or refraining from acting in good faith without investigation on any notice, instruction or request purportedly furnished to it by AmeriCredit or the Trustee in accordance with the terms hereof, in which case the parties hereto agree that
Processor has no duty to make any further inquiry whatsoever; (iii) it is hereby acknowledged and agreed that Processor has no knowledge of (and is not required to know) the terms and provisions of the Sale and Servicing Agreement referred

  
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to in Section 1 above or any other related documentation or whether any actions by the Trustee, AmeriCredit or any other person or entity are permitted or a breach thereunder or consistent
or inconsistent therewith; and (iv) Processor shall not be liable to any party hereto or any other person for any action or failure to act under or in connection with this Agreement except to the extent such conduct constitutes its own willful
misconduct or gross negligence. 
 7. Processing of Items. The provision of services shall be governed by
                     or other applicable agreements and related service terms (individually and collectively, the “Bank
Agreements”), as may be amended from time to time, subject to the prior written consent to any such amendments of a material nature by the Trustee and AmeriCredit, which consents shall not be unreasonably withheld, conditioned or delayed.

 8. Confidentiality. Processor agrees that all information concerning the Obligors of the Receivables which comes into
Processor’s possession pursuant to this Agreement, other than that which is already known by Processor or to the general public, will be treated in a confidential manner. 

9. Fees. Unless otherwise agreed by Processor, AmeriCredit shall pay Processor the fees set forth for this Service in Processor’s
most current Price List as in effect from time to time, plus additional fees for the performance of services beyond the terms of this Agreement, or resulting from increased expenses incurred by the failure of AmeriCredit to furnish within a
reasonable period of time following a request by Processor, data in a form acceptable to Processor. Processor shall look first to AmeriCredit for payment of such fees. If AmeriCredit fails to pay Processor within thirty (30) days of receipt of
invoice but in any event no later than forty-five (45) days from the date of the invoice, Processor will notify the Trustee in writing as soon as practicable and provide to the Trustee a copy of such unpaid invoice. Subject to rights to
terminate this Agreement pursuant to Section 14, Processor will continue to perform its services under this Agreement and the amount reflected in such invoice will be paid to Processor by the Trustee out of funds in the Collection Account on
the next Distribution Date (as defined below), which follows by at least three (3) Business Days the date of giving such notice to the Trustee. Any fees unpaid after such date will be considered unpaid fees. “Distribution Date”
means the fifteenth (15th) day of the following calendar month, or, if such day is not a Business Day, the immediately following Business Day. 

10. Processor’s Liability for Nonperformance. In performing the Services, Processor will exercise ordinary care and act in good
faith. Processor shall be deemed to have exercised ordinary care if its action or failure to act is in conformity with general banking usages or is otherwise a commercially reasonable practice of the banking industry. Processor’s liability
relating to its or its employees’, officers’ or agents’ performance or failure to perform hereunder, or for any other action or inaction of Processor, or its employees, officers or agents, shall be limited exclusively to the lesser of
(i) any direct losses which are caused by the failure of Processor, its employees, officers or agents to exercise reasonable care and/or act in good faith, and (ii) the face amount of any item, check, payment or other funds lost or
mishandled by the action or inaction of Processor. Under no circumstances will Processor be liable for any general, indirect, special, incidental, punitive or consequential damages or for damages caused, in whole or in part, by the action or
inaction of AmeriCredit or the Trustee, whether or not such action or inaction constitutes negligence. Processor will not be liable for any damage, loss, liability or delay caused by accidents, strikes, fire, flood, war, riot, equipment breakdown,
electrical or 

  
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mechanical failure, acts of God or any cause which is reasonably unavoidable or beyond its reasonable control. AmeriCredit agrees that the fees charged by Processor for the performance of this
Service shall be deemed to have been established in contemplation of these limitations on Processor’s liability. In addition, AmeriCredit agrees to indemnify and hold Processor harmless from all liability on the part of Processor under this
Section 10 except such liability as is attributable to the gross negligence of Processor. 
 11. Indemnification by AmeriCredit.
AmeriCredit agrees to indemnify, defend and hold Processor harmless from and against any and all damage, loss, cost, expense or liability of any kind, including, without limitation, reasonable attorneys’ fees and court costs, which results,
directly or indirectly, in whole or in part, from any negligence and willful misconduct or infidelity of AmeriCredit or any agent or employee of AmeriCredit, incurred in connection with this Agreement or the Lockbox Account or any interpleader
proceeding relating thereto or from Processor acting upon information furnished by AmeriCredit under this Agreement. AmeriCredit will remain liable for all indemnification under this Section 11 after its removal and/or resignation as Servicer.

 12. Other Agreements. Processor shall not be bound by any agreement between any of the other parties hereto irrespective of
whether Processor has knowledge of the existence of any such agreement or the terms and provisions thereof. 
 13. Records. This
Agreement and the performance by Processor of the Services hereunder shall not relieve Processor of any obligation imposed by law or contract regarding the maintenance of records. 

14. Amendment and Termination. This Agreement may only be amended in writing signed by all parties to this Agreement. AmeriCredit or
Trustee may immediately terminate this Agreement for cause, provided, however, that a similar agreement has been executed with a successor processor reasonably acceptable to the Trustee or the Trustee has consented to such termination. The Trustee
may immediately terminate this Agreement and shall do so upon written notice to the other parties hereto. Otherwise, any party may terminate this Agreement on forty-five (45) days’ prior written notice to the others; provided, however,
that AmeriCredit shall promptly notify the Trustee of receipt of any such notice and shall arrange for alternative account services satisfactory to the Trustee prior to the termination of the Services. Upon any termination of the Agreement, the
Lockbox Account shall remain open for the deposit of remittances related to the Receivables and related security for a period of at least ninety (90) days after the termination date, unless arranged otherwise between AmeriCredit and Processor.
After any termination, Processor’s fees with respect to the Services it performs during such period shall be consistent with such fees at the time of such termination. 

15. Successor Servicer or Trustee. Upon the termination or resignation of the Trustee or the Servicer, this Agreement shall not
thereupon terminate but rather the successor Trustee or successor Servicer appointed pursuant to the Indenture or the Sale and Servicing Agreement, as applicable, shall succeed, except as otherwise provided herein, to all the rights, benefits,
duties and obligations of the Trustee or the Servicer, as applicable, hereunder. Upon the appointment and acceptance of a successor Trustee or successor Servicer under the Indenture or the Sale and Servicing Agreement, as applicable, such successor
Trustee or successor Servicer, as applicable, shall provide an Assignment Notice to Processor along with any required 

  
 4 

 
documentation that Processor may require in order to satisfy its know your customer policies and its due diligence requirements to qualify the assignee as a customer. An “Assignment
Notice” is a notice purporting to be signed by either the successor Servicer or successor Trustee, as applicable, in which such successor agrees to assume all of either Servicer or Trustee’s obligations under this Agreement and is
substantially in the same form as Exhibit A, attached hereto, with a copy of this Agreement attached. The Trustee or the Servicer, as applicable, hereunder shall continue to act in such capacity hereunder until its successor has been appointed and
accepted such appointment under the Indenture or Sale and Servicing Agreement, as applicable. 
 16. Successor Processor. Any company
or national banking association into which Processor may be merged or converted or with which it may be consolidated, or any company or national banking association resulting from any merger, conversion or consolidation to which it shall be a party
or any company or national association to which Processor may sell or transfer all or substantially all of its business (provided any such company or national banking association shall be a company organized under the laws of any state of the United
States or a national banking association and shall be eligible to perform all of the duties imposed upon it by this Agreement) shall be the successor to Processor hereunder without the execution or filing of any document or any further act by any of
the parties to this Agreement; provided, however, that Processor notify the Trustee and AmeriCredit of any such merger, conversion or consolidation within thirty (30) days of its occurrence. If such successor requires the establishment of a new
account, then the successor Processor shall as soon as practicable after the occurrence of any such merger, conversion or consolidation (i) establish the new Lockbox Account and (ii) send written notice to the Trustee and AmeriCredit with
respect to the new Lockbox Account number. 
 17. Governing Law. This Agreement shall be governed by the laws of the State of Texas.
All parties hereby waive all rights to a trial by jury in any action or proceeding relating to Lockbox Account or this Agreement. 
 18.
Notices. All written notices required by this Agreement shall be delivered or mailed to the other parties at the addresses set forth below or to such other address as a party may specify in writing. 

 

	Processor:	[Processor] 

 [Address] 

 

	AmeriCredit:	AmeriCredit Financial Services, Inc. 

 801 Cherry Street, Suite 3500 

Fort Worth, Texas 76102 

Attention: Chief Financial Officer 
  

	Trustee:	[Trustee] 

 [Address] 

19. Bankruptcy. Processor hereby covenants and agrees that, prior to the date which is one (1) year and one (1) day after the
payment in full of the Notes and all amounts owed under the Indenture and the Sale and Servicing Agreement, Processor will not institute against or join with any other person in instituting against the Trust or the Seller, any proceeding or file any

  
 5 

 
petition against the Trust or the Seller under any bankruptcy, insolvency or similar law for the relief or aid of debtors (including, without limitation, Title 11 of the United States Code or any
amendment thereto), seeking the dissolution, liquidation, arrangement, reorganization or similar relief of the Trust or the Seller or the appointment of a receiver, trustee, custodian or liquidator of the Trust or the Seller, or issue any writ,
order, judgment warrant of attachment, execution or similar process against a substantial part of the property, assets or business of the Trust or the Seller. This covenant shall survive the termination of this Agreement. 

20. Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent permitted by
law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 

21. No Partnership or Joint Venture. Nothing herein contained shall constitute a partnership between or joint venture by the parties
hereto or constitute any party the agent of the others. No party shall hold itself out contrary to the terms of this Section and no party shall become liable by any representation, act or omission of the other contrary to the provisions hereof. This
Agreement is not for the benefit of any third party and shall not be deemed to give any right or remedy to any such party whether referred to herein or not. 

22. Severability. Any term or provision of this Agreement that is held by a court of competent jurisdiction to be invalid, void or
unenforceable shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the invalid, void or unenforceable term or provision in any other situation or in any other jurisdiction.
If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid, void or unenforceable, the parties agree that the court making such determination shall have the power to reduce the scope, duration or
applicability of the term or provision, to delete specific words or phrases or to replace any invalid, void or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention
of the invalid, void or unenforceable term or provision. 
 23. No Waiver; Cumulative Remedies. No failure to exercise and no delay
in exercising, on the part of any person, any right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies, powers and privileges provided by applicable law.

 24. Rules of Construction. Unless the context otherwise requires, (a) words in the singular include the plural, and words in
the plural include the singular and (b) “including” means, where not already so indicated, “including without limitation.” Unless otherwise stated in this Agreement, in the computation of a period of time from a specified
date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding.” “Herein,” “hereof” and other words of
similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision. Unless otherwise specified, references in this Agreement to any Article, Section, Schedule, Annex or Exhibit are references to such
Article or Section of, or Schedule, Annex or Exhibit to, this 

  
 6 

 
Agreement, and references in any Article, Section, Schedule, Annex, Exhibit or definition to any subsection or clause are references to such subsection or clause of such Article, Section,
Schedule, Annex, Exhibit or definition. All references in this Agreement to an agreement, instrument or other document shall be construed as a reference to that agreement, instrument or document as the same may be amended, modified, varied,
supplemented or novated from time to time. 
 25. Counterparts. This Agreement may be executed simultaneously in two or more
counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. Facsimile, .pdf or other electronic signatures on counterparts of this
Agreement shall be deemed original signatures with all rights accruing thereto except in respect to any non-US entity from a jurisdiction where original executed signatures are required. 

26. Limited Trustee Liability. In connection with this Agreement, the Trustee shall be entitled to the benefit of every provision of
the Indenture limiting the liability of or affording rights, benefits, protections, immunities or indemnities to the Trustee as if they were expressly set forth herein mutatis mutandis. 

[Remainder of Page Intentionally Left Blank] 

  
 7 

									
	PROCESSOR:	 		 	AMERICREDIT:
			
	[PROCESSOR]	 		 	AMERICREDIT FINANCIAL SERVICES, INC.
					
	By:	 	  
	 		 	By:	 	  

		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:
				
	TRUSTEE:	 		 		 	
				
	[TRUSTEE],	 		 		 	
	as Trustee	 		 		 	
					
	By:	 	  
	 		 		 	
		 	Name:	 		 		 	
		 	Title:	 		 		 	

 [Series 20    -     Lockbox Account Agreement] 

 Exhibit A l ASSIGNMENT NOTICE 

 

			
	Date:	 	  

	
	[PROCESSOR]
		
	Address:	 	  

		
		 	  

	Attention:	 	 Blocked Accounts

 Re: SERIES 20    -     LOCKBOX ACCOUNT AGREEMENT dated as of
            ,      by and among AmeriCredit Financial Services, Inc., [Trustee] and [Processor] relating to account no,
                     (the “Agreement”). 

Ladies and Gentlemen: 
 This constitutes an Assignment Notice as
referred to in section 15 of the Agreement, a copy of which is attached hereto. 
 [NAME OF ASSIGNEE] (“Assignee”) agrees to assume all of
the [Servicer or Trustee’s] obligations under the Agreement. 
 Please select the appropriate response below indicating if Assignee is an existing
client of Processor. 
 Assignee is an existing client of Processor 

Assignee is not a client of Processor 

(Note: Additional documentation may be required by Processor in order to satisfy its know your customer policies and its due diligence requirements to
qualify the assignee as a customer) 
 The Assignee’s address for notices is as follows. 

Attn: 
 Address: 

Email: 
 Fax No.: 

 

									
		 	[NAME OF SUCCESSOR SERVICER OR TRUSTEE]	 		 	
					
	By:	 		 		 	Date:	 	
					
	Name:	 		 		 		 	
					
	Title:

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