Document:

EX-10.3

 Exhibit 10.3 

Execution Version 
  

 
 ACAR LEASING LTD., 

as Titling Trust, 
 AMERICREDIT
FINANCIAL SERVICES, INC., 
 as Servicer, 

APGO TRUST, 
 as Settlor 

and 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION, 
 as Collateral Agent 
  

 
 THIRD AMENDED
AND RESTATED 
 SERVICING AGREEMENT 

Dated as of January 24, 2018 
  

 
  

 

 TABLE OF CONTENTS 
  

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INTERPRETIVE PROVISIONS
	  	 	2	 
		
	 SECTION 1.1. Definitions
	  	 	2	 
	 SECTION 1.2. Other Definitional Provisions
	  	 	2	 
	 SECTION 1.3. Amendment and Restatement
	  	 	3	 
		
	 ARTICLE II ADMINISTRATION AND SERVICING OF LEASE AGREEMENTS
	  	 	3	 
		
	 SECTION 2.1. Duties of the Servicer
	  	 	3	 
	 SECTION 2.2. Records
	  	 	6	 
	 SECTION 2.3. Custodial Duties of Servicer
	  	 	7	 
	 SECTION 2.4. Certificates of Title
	  	 	7	 
	 SECTION 2.5. Initial Funding of Payments to Dealers
	  	 	8	 
	 SECTION 2.6. Servicer’s Repurchase Obligations and Option
	  	 	8	 
	 SECTION 2.7. Collections, Security Deposits, Payments Ahead and Other Receipts
	  	 	10	 
	 SECTION 2.8. Settlement of Accounts
	  	 	12	 
	 SECTION 2.9. Servicing Compensation
	  	 	13	 
	 SECTION 2.10. Servicing Expenses and Reimbursement
	  	 	14	 
	 SECTION 2.11. Repossession, Recovery and Sale of Leased Vehicles
	  	 	14	 
	 SECTION 2.12. Servicer to Act on Behalf of Trustee
	  	 	16	 
	 SECTION 2.13. Liability of Servicer; Indemnities
	  	 	18	 
	 SECTION 2.14. Third Party Claims
	  	 	19	 
	 SECTION 2.15. Insurance
	  	 	19	 
	 SECTION 2.16. Subservicer
	  	 	19	 
	 SECTION 2.17. Pull Ahead Lease Agreements
	  	 	21	 
		
	 ARTICLE III ACCOUNTS, STATEMENTS AND REPORTS
	  	 	21	 
		
	 SECTION 3.1. Establishment of Collection Accounts
	  	 	21	 
	 SECTION 3.2. Reporting by the Servicer; Delivery of Certain Documentation
	  	 	23	 
		
	 ARTICLE IV SERVICER DEFAULTS
	  	 	24	 
		
	 SECTION 4.1. Servicer Defaults; Termination of Servicer
	  	 	24	 
	 SECTION 4.2. No Effect on Other Parties
	  	 	26	 
		
	 ARTICLE V THE SERVICER
	  	 	26	 
		
	 SECTION 5.1. Representations and Warranties
	  	 	26	 
	 SECTION 5.2. Limitation on Liability of Servicer
	  	 	28	 
	 SECTION 5.3. Merger
	  	 	29	 
	 SECTION 5.4. Servicer Not to Resign; Assignment
	  	 	29	 

  
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	 ARTICLE VI MISCELLANEOUS
	  	 	29	 
		
	 SECTION 6.1. Termination of Agreement; Transfer of Servicing Materials to Successor
Servicer
	  	 	29	 
	 SECTION 6.2. Amendment
	  	 	30	 
	 SECTION 6.3. GOVERNING LAW
	  	 	31	 
	 SECTION 6.4. Relationship of this Agreement to Other Titling Trust Documents
	  	 	31	 
	 SECTION 6.5. Notices
	  	 	31	 
	 SECTION 6.6. Severability of Provisions
	  	 	31	 
	 SECTION 6.7. Binding Effect
	  	 	32	 
	 SECTION 6.8. Table of Contents and Headings
	  	 	32	 
	 SECTION 6.9. Counterparts
	  	 	32	 
	 SECTION 6.10. Further Assurances
	  	 	32	 
	 SECTION 6.11. Third-Party Beneficiaries
	  	 	32	 
	 SECTION 6.12. No Waiver; Cumulative Remedies
	  	 	32	 
	 SECTION 6.13. No Petition
	  	 	32	 
	 SECTION 6.14. Series Liabilities
	  	 	33	 
	 SECTION 6.15. Termination of Like Kind Exchanges
	  	 	33	 
	 SECTION 6.16. Limitation of Liability
	  	 	33	 

 EXHIBITS 
  

			
	Exhibit A — Power of Attorney	  	A-1

  

  
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 THIRD AMENDED AND RESTATED SERVICING AGREEMENT, dated as of January 18, 2018 (as the
same may be further amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), among ACAR Leasing Ltd., a Delaware statutory trust (the “Titling Trust”), AmeriCredit Financial
Services, Inc., a Delaware corporation (“AmeriCredit”), as servicer (the “Servicer”), APGO Trust (“APGO”), a Delaware statutory trust, as Settlor of the Titling Trust (the
“Settlor”), and Wells Fargo Bank, National Association, a national banking association (“Wells Fargo”), as collateral agent (the “Collateral Agent”). 

RECITALS 
 WHEREAS, the parties
to this Agreement intend to amend and restate the Servicing Agreement, dated as of June 1, 2008, as previously amended and restated as of January 31, 2011 (the “Original Servicing Agreement”) and as of May 23, 2013
(the “Amended Servicing Agreement” and together with the Original Servicing Agreement, the “Prior Servicing Agreements”), among the parties, on the terms and conditions contained in this Agreement; 

WHEREAS, APGO, as the Settlor, and Wilmington Trust Company, a Delaware trust company (“WTC”), as the Owner Trustee,
Administrative Trustee and Delaware Trustee (in any or all such capacities, the “Trustee”), have entered into an Amended and Restated Trust Agreement, dated as of January 31, 2011 (as the same may be further amended, restated,
supplemented or otherwise modified from time to time, the “Titling Trust Agreement”), pursuant to which the Titling Trust was established for the purpose of, among other things, taking assignments and conveyances of and holding in
trust various assets (the “Trust Assets”); 
 WHEREAS, the Titling Trust is the borrower (in such capacity, the
“Borrower”) under a Second Amended and Restated Credit and Security Agreement, dated as of January 18, 2018 (as the same may be further amended, restated, supplemented or otherwise modified from time to time, the
“Credit and Security Agreement”), among the Borrower, Wells Fargo, as the Administrative Agent (in such capacity, the “Administrative Agent”), the Collateral Agent, and AmeriCredit, as the lender (in such capacity,
the “Lender”) and the Servicer, pursuant to which it borrows amounts from the Lender from time to time pursuant to a Lending Facility to fund its acquisition of those Trust Assets comprising Collateral Assets; 

WHEREAS, the Titling Trust and the Settlor wish to engage the Servicer to perform certain duties with respect to the Collateral Assets and all
other Trust Assets (unless and until such time as the Titling Trust and the Settlor may enter into one or more additional Series Servicing Agreements with respect to any Trust Assets that do not constitute Collateral Assets) in the manner set forth
herein; 
 WHEREAS, the parties hereto acknowledge that in connection with, among other things, the establishment from time to time of
Designated Pools comprised of Collateral Assets backing Exchange Notes that will be issued pursuant to the Credit and Security Agreement, it may be necessary or desirable to enter into supplemental agreements hereto, providing for specific servicing
obligations in connection therewith (each, a “Servicing Supplement”); and 

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

 DEFINITIONS AND INTERPRETIVE PROVISIONS 

SECTION 1.1. Definitions. Capitalized terms used in this Agreement that are not otherwise defined herein shall have the meanings
assigned thereto in any Servicing Supplement entered into pursuant hereto or, if not defined therein, in Appendix A to the Credit and Security Agreement or, if not defined therein, in the Definitions Appendix to any Exchange Note Supplement entered
into pursuant to the Credit and Security Agreement. 
 SECTION 1.2. Other Definitional Provisions. 

(a) All terms defined in this Agreement shall have the defined meanings when used in any instrument governed hereby and in any certificate or
other document made or delivered pursuant hereto unless otherwise defined therein. 
 (b) As used in this Agreement, in any instrument
governed hereby and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in this Agreement or in any such instrument, certificate or other document, and accounting terms partly defined in
this Agreement or in any such instrument, certificate or other document to the extent not defined, shall have the respective meanings given to them under generally accepted accounting principles as in effect on the date of this Agreement or any such
instrument, certificate or other document, as applicable. To the extent that the definitions of accounting terms in this Agreement or in any such instrument, certificate or other document are inconsistent with the meanings of such terms under
generally accepted accounting principles, the definitions contained in this Agreement or in any such instrument, certificate or other document shall control. 

(c) The words “hereof,” “herein,” “hereunder” and words of similar import when used in this Agreement shall
refer to this Agreement as a whole and not to any particular provision of this Agreement; Section, Schedule and Exhibit references contained in this Agreement are references to Sections, Schedules and Exhibits in or to this Agreement unless
otherwise specified; and the term “including” shall mean “including without limitation.” 
 (d) The definitions
contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. 

(e) Any agreement, instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith
means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; references to a
Person are also to its permitted successors and assigns. 

  
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 SECTION 1.3. Amendment and Restatement. This Agreement amends and restates in full
the Amended Servicing Agreement, with effect as of the date of this Agreement, and the parties confirm that (a) all prior actions made pursuant to the Prior Servicing Agreements are effective as if made under this Agreement on the date made,
and (b) no provision of this Agreement is intended to result in the duplication of any such prior action by any party. 
 ARTICLE II

 ADMINISTRATION AND SERVICING OF LEASE AGREEMENTS 

SECTION 2.1. Duties of the Servicer. 

(a) The Servicer shall service, administer and collect under the Lease Agreements and in respect of the Leased Vehicles in accordance with
this Agreement, the Titling Trust Agreement and the Credit and Security Agreement and shall have full power and authority, acting alone and subject only to the specific requirements and prohibitions hereof and thereof, to do any and all things in
connection with such servicing, administration and collection that it may reasonably deem necessary or desirable in the interests of the Titling Trust and to serve in such capacity unless and until its responsibilities therefor are terminated
pursuant to Section 4.1(a) or this Agreement is terminated pursuant to Section 6.1. In addition, the Titling Trust hereby appoints the Servicer to act as agent in the management and control of the Collateral Assets, including the
Certificates of Title, and for all other purposes set forth in this Agreement. The duties of the Servicer shall include, among other things, in accordance with this Agreement, the Titling Trust Agreement, the Credit and Security Agreement and any
Servicing Supplement: 
 (i) performing on behalf of the Titling Trust all obligations on the part of the Lessor under the
Lease Agreements; 
 (ii) acquiring vehicles and originating Lease Agreements on behalf of the Titling Trust; 

(iii) collecting and processing payments (including excess wear, damage and mileage deficiency balances on Liquidated Leases),
responding to inquiries of Lessees or federal, State or local government authorities with respect to the Lease Agreements, investigating and collecting delinquencies, sending payment statements and reporting Tax information to relevant parties,
paying costs of the sale or other disposition of Matured Vehicles and Leased Vehicles in accordance with the Customary Servicing Practices and this Agreement and paying or causing to be paid all state and local personal property, use, excise and
sales Taxes on the Leased Vehicles (to the extent required to be paid by the Lessor under applicable State law) as and when such Taxes become due; 

(iv) negotiating Lease Agreements nearing their respective Maturity Dates and arranging for Extensions of such Lease
Agreements and/or sale or other disposition of each related Leased Vehicle; 

  
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 (v) executing and delivering or causing to be executed and delivered, in its
own name or in the name of the Titling Trust, as the case may be, any and all instruments, certificates or other documents necessary or advisable in connection with the servicing or administering of or collecting under the Lease Agreements and in
respect of the Leased Vehicles, including: (A) bills of sale; (B) applications for originals or duplicates of Certificates of Title in the name of any Titling Trust Permissible Name and naming the Collateral Agent as lienholder,
applications for registrations of Leased Vehicles or license plates, applications for transfers of Certificates of Title or registrations for Leased Vehicles or license plates and any instruments, certificates or other documents which the Servicer
deems necessary or advisable to record, maintain or release title to or registration of Leased Vehicles in the manner contemplated hereby; (C) consents, amendments, extensions, deferrals or modifications to any of the Lease Agreements; and
(D) all other instruments, certificates or other documents similar to the foregoing; 
 (vi) executing powers of
attorney to be delivered for the limited purpose of obtaining license plates and fulfilling other state requirements for registration of the Leased Vehicles; 

(vii) approving repairs to Leased Vehicles and endorsing the related insurance settlement checks for repair work; 

(viii) servicing the Lease Agreements, including: (A) accounting for collections and furnishing periodic statements with
respect to distributions as set forth herein, in the applicable Servicing Supplement, in the Credit and Security Agreement or in the applicable Servicer Basic Documents, (B) generating or causing to be generated federal and State tax
information and, to the extent required by applicable law, returns on behalf of the Titling Trust and (C) filing periodic sales and use Tax or property (real or personal) Tax reports; 

(ix) in connection with the creation and maintenance of the Lending Facility Pool and each Designated Pool, maintaining
separate and distinct records for the Lending Facility Pool and each Designated Pool and separately accounting for the Trust Assets allocated to the Lending Facility Pool and each Designated Pool, including, with respect to (A) the Lending
Facility, preparing and delivering to the Lender, the Owner Trustee and the Collateral Agent a schedule of Lease Agreements and Leased Vehicles allocated to the Lending Facility Pool and (B) any Exchange Note, to the extent provided in the
related Servicing Supplement, preparing and delivering to the related Exchange Noteholder a schedule containing information with respect to the Lease Agreements and Leased Vehicles comprising the related Designated Pool, which schedule of Lease
Agreements and Leased Vehicles and each such information schedule shall contain information as of the most recent Collection Period prior to the date of such delivery; 

(x) applying for and maintaining the licenses and the filings described in Section 2.12(b) or in any Servicing
Supplement; 
 (xi) preparing and filing any UCC financing statements; 

  
 4 

 (xii) except to the extent prohibited in the related Servicing Supplement
with respect to any Designated Pool, taking such actions as are required or desirable to effect Like Kind Exchanges for tax purposes or otherwise in connection with Like Kind Exchanges, including but not limited to (A) reallocating Leased
Vehicles from the related Designated Pool to the Lending Facility Pool on the books and records of the Titling Trust, (B) making the payments described herein on the relevant Exchange Note in connection with such reallocation of Liquidated
Vehicles, (C) causing the assignment of the Net Liquidation Proceeds relating to each such Leased Vehicle to the Qualified Intermediary and directing the Qualified Intermediary, the Owner Trustee, the Collateral Agent and the Titling Trust with
respect to the use of Net Liquidation Proceeds to obtain Replacement Vehicles and exchanging Replacement Vehicles for Liquidated Vehicles, (D) assigning and allocating Replacement Vehicles to the Lending Facility Pool and (E) taking such
other actions as shall be necessary or advisable in connection with implementing such Like Kind Exchanges; 
 (xiii) acting
as agent of the Titling Trust with respect to holding the Collateral Leases and Certificates of Title relating to the Collateral Leased Vehicles; and 

(xiv) such other activities as shall be necessary or advisable in connection with the foregoing. 

(b) The Servicer agrees that its servicing of the Lease Agreements and the Leased Vehicles shall be carried out in accordance with the
Customary Servicing Practices using the same degree of skill and attention (i) as the Servicer exercises from time to time with respect to all comparable Lease Agreements and Leased Vehicles that it services for itself or others or (ii) if
AmeriCredit is no longer the Servicer, as is customarily exercised by prudent servicers employed to service retail leases of motorcycles, automobiles, sport utility vehicles, minivans or light-duty trucks, as applicable, for themselves or others.

 (c) The Servicer may retain subservicers or agents by agreement, power of attorney or otherwise to assist the Servicer in performing its
servicing functions; provided, however, that any delegation of duties to any subservicer or agent shall not relieve the Servicer of any of its obligations hereunder. 

(d) The Servicer is authorized to, in its own name or in the name of the Titling Trust, commence, defend against or otherwise participate in a
Proceeding relating to or involving the protection or enforcement of the interests of the Titling Trust, an Exchange Noteholder or other Secured Party in any Lease Agreement, Leased Vehicle or other Trust Asset. If the Servicer shall engage in
collection of delinquent amounts or commence, defend against or otherwise participate in a Proceeding in its own name or in the name of the Titling Trust, a relevant Exchange Noteholder or other Secured Party, each such Person shall thereupon be
deemed to have automatically assigned its interest in (including legal title to) the related Lease Agreement, Leased Vehicle or other Trust Asset, as applicable, to the Servicer to the extent necessary for the purposes of such Proceeding. 

(e) The Titling Trust and the Collateral Agent shall furnish the Servicer with certain revocable powers of attorney and other documents in
form and substance acceptable to the Titling Trust or the Collateral Agent, as applicable, necessary or appropriate to enable the Servicer to carry out its servicing, administration and collection duties hereunder and under each applicable Servicing
Supplement. 

  
 5 

 SECTION 2.2. Records. 

(a) Except as otherwise provided in a related Servicing Supplement, the Servicer shall maintain accurate and complete accounts, records and
computer systems with respect to all funds and other receipts with respect to (i) the Lending Facility and the Lending Facility Pool, (ii) each Exchange Note and the related Designated Pool, (iii) the Trust Assets and (iv) all
matters related directly to the servicing of the Lease Agreements and the Leased Vehicles, in each case as are consistent with the Customary Servicing Practices. Such accounts, records and computer systems shall indicate, among other things, the
Pool to which each Lease Agreement, Leased Vehicle or other Trust Asset is allocated and reflect the interest of the Settlor or the Related Beneficiary, as applicable, therein. Except where otherwise noted in the definition of “Lease
Documents”, the Servicer may originate and/or maintain each Lease Document as an image, fiche or electronic record rather than in original form. The Servicer shall not be required to physically segregate the Lease Documents and related
accounts, records and computer systems from any other leases, leased vehicle and related information and related documentation from other leases or leased vehicles that it services. In accordance with the Customary Servicing Practices, the Servicer
shall conduct, or cause to be conducted, periodic examinations of a representative sample of the Lease Documents and of the related accounts, records and computer systems to verify compliance with the Customary Servicing Practices. 

The Servicer shall promptly report to the Titling Trust, the Administrative Agent and the Collateral Agent any material failure on the part of
the Servicer to hold or retain possession of the Lease Documents and maintain its accounts, records and computer systems in accordance with the requirements of this Agreement. The Servicer shall promptly take appropriate action to remedy any such
failure. 
 (b) The Servicer shall make available to the Titling Trust, the Administrative Agent and the Collateral Agent or their duly
authorized representatives, attorneys or auditors the Lease Documents and the related accounts, records and computer systems maintained by the Servicer or any subservicer or agent of the Servicer at such times during normal business hours as the
Titling Trust, the Administrative Agent or the Collateral Agent shall reasonably instruct at the locations where maintained pursuant to this Agreement. 

(c) In the exercise of its duties and powers hereunder, the Servicer may release any Lease Document or other related item to the Titling Trust
or a related Exchange Noteholder on behalf of the Titling Trust or its agent or designee, as the case may be, at such place or places as the Titling Trust or related Exchange Noteholder may designate. The Servicer shall not be responsible for any
loss occasioned by the failure of the Titling Trust or any related Exchange Noteholder to return any document or for any unreasonable delay in doing so. 

(d) The Servicer shall develop and maintain back-up procedures and other safeguards against the
destruction, loss or alteration of data as well as a disaster recovery system. Such procedures, safeguards and disaster recovery system shall include procedures for creating and maintaining back-up files,
maintaining computer tapes, disks and/or documents in off-site storage, and maintaining a battery or generator back-up system for the Servicer’s computer system,
and shall meet the requirements of applicable law or regulation. 

  
 6 

 (e) The Servicer shall implement reasonable security measures and procedures to protect
data, records and other documents related to its duties hereunder from unauthorized access by third parties. 
 SECTION 2.3. Custodial
Duties of Servicer. The Servicer shall serve as custodian of the Lease Documents for the benefit of the Titling Trust and the Collateral Agent. The Lease Documents are hereby constructively delivered to the Titling Trust with respect to each
Lease Agreement and Leased Vehicle. In its capacity as custodian, the Servicer shall maintain possession of the Lease Documents for the benefit of and as bailee for the Titling Trust and the Collateral Agent and all present and future Secured
Parties. All Lease Documents shall be identified and maintained in such a manner so as to permit retrieval and access. With respect to any Lease Agreements and Leased Vehicles that are allocated to a Designated Pool pursuant to an Exchange Note
Supplement, the custodial duties of the Servicer as related to the Lease Documents relating to such allocated Lease Agreements and Leased Vehicles will be set forth in the related Servicing Supplement. 

SECTION 2.4. Certificates of Title. 

(a) In connection with the filing of the application for each Certificate of Title, the Servicer shall arrange, or cause to be arranged, in
accordance with applicable law, for the related Registrar of Titles to issue and deliver to or upon the order of the Servicer a Certificate of Title identifying the Titling Trust (subject to the applicable terms of any Servicing Supplements, by the
use of any Titling Trust Permissible Name or the use of a quoted phrase or such other similar phrase as will satisfy the Registrar of Titles in each relevant jurisdiction, or such other designation(s) as the Servicer shall determine) as the owner of
the related Leased Vehicle and the Collateral Agent as lienholder with respect to the related Leased Vehicle; provided, however, that nothing herein shall be deemed or construed to require the Servicer to receive a paper Certificate of
Title in any State where the Servicer and the related Registrar of Titles have agreed to record and disclose the interests of the Titling Trust and the Collateral Agent in any electronic title recording system maintained by such Registrar of Titles.
The Certificates of Title shall be held by the Servicer. The Servicer shall direct each Dealer, Assigning Affiliate or other entity selling Leased Vehicles to the Titling Trust, assigning Lease Agreements to the Titling Trust or causing Lease
Agreements to be assigned to the Titling Trust to cause each Certificate of Title to identify the owner of the Leased Vehicle as the Titling Trust (utilizing any Titling Trust Permissible Name), the name of a
co-trustee as may be required under applicable State law or such other designation as may be agreed upon by the Servicer and the Settlor or, subject to the terms of the applicable Servicing Supplement, the
related Secured Party, as applicable, from time to time that is acceptable to the related Registrar of Titles. The Servicer shall further direct each Dealer, Assigning Affiliate or other entity selling Leased Vehicles to the Titling Trust assigning
Lease Agreements or causing Lease Agreements to be assigned to the Titling Trust to cause each Certificate of Title to identify the lienholder with respect to the related Leased Vehicle as the Collateral Agent. 

  
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 (b) Except as otherwise required by applicable law, the related Registrar of Titles or the
Customary Servicing Practices, the Servicer shall direct each Dealer or Assigning Affiliate to include an address as specified by the Servicer as the mailing address for the Certificate of Title, the address of the related lessee as the mailing
address for the vehicle registration, and otherwise to comply with the Servicer’s normal requirements under the Dealer Agreements with respect to each Lease Agreement, Leased Vehicle and Certificate of Title. Except as otherwise required by
applicable law or the applicable Registrar of Titles, so long as a Leased Vehicle is owned by the Titling Trust, the Servicer shall not permit the related Certificate of Title to identify any entity, or to provide for any Liens to be noted thereon,
other than in compliance with Section 2.4(a). 
 (c) Upon transfer to or from the Titling Trust of legal title to any Leased Vehicle,
the Servicer shall cause all applicable Taxes to be paid and will comply with all applicable federal and State law requirements related to the transfer of title to such Leased Vehicle. The Servicer shall remain liable for all applicable Taxes if not
paid. 
 SECTION 2.5. Initial Funding of Payments to Dealers and Assigning Affiliates. In the ordinary course of its business,
AmeriCredit shall maintain or enter into Dealer Agreements with Dealers eligible to generate Lease Agreements. AmeriCredit shall direct each Dealer and Assigning Affiliate (a) to assign to the Titling Trust all Lease Agreements and the related
Leased Vehicles, (b) to transfer to the Titling Trust all Lease Agreements and the related Leased Vehicles and (c) to apply or caused to be applied for the Certificates of Title to the Leased Vehicles sold to the Titling Trust by such
Dealer or Assigning Affiliate to be issued in a manner that satisfies the requirements of Section 2.4(a). AmeriCredit will instruct each Dealer and Assigning Affiliate to deliver the applicable Lease Documents to or upon the order of the
Servicer. The Titling Trust shall pay each Dealer and Assigning Affiliate an amount agreed upon between the Titling Trust or the Servicer and such Dealer or Assigning Affiliate from Advances made by the Lender to the Titling Trust under the Credit
and Security Agreement. 
 SECTION 2.6. Servicer’s Repurchase Obligations and Option. 

(a) The Servicer hereby represents and warrants to the other parties hereto and the parties to the Titling Trust Agreement that, as to each
Lease Agreement and Leased Vehicle as of the relevant Assignment Date, the provisions of Section 2.4 with respect to such Lease Agreement and the application(s) for the related Certificate(s) of Title have been satisfied. The Titling Trust
shall rely on such representation and warranty in accepting each Lease Agreement and Leased Vehicle. Such representation and warranty shall survive the transfer of each Lease Agreement and each related Leased Vehicle, and delivery of the related
Lease Documents to the Titling Trust pursuant to the Titling Trust Agreement and this Agreement. 

  
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 (b) Upon (i) discovery by the Servicer or a Secured Party, or (ii) the receipt of
written notice by or actual knowledge of a Responsible Officer of the Owner Trustee that the representation or warranty in Section 2.6(a) was incorrect as of the related Assignment Date in a manner that materially adversely affects the interest
of the Titling Trust in the related Lease Agreement or a related Leased Vehicle or the security interest of the Collateral Agent in the related Lease Agreement or a related Leased Vehicle, the Person discovering such incorrectness (if other than the
Servicer) shall give prompt written notice to the Servicer and the Collateral Agent. Except as otherwise provided in the applicable Exchange Note Supplement or Servicing Supplement, on or before the last day of the Collection Period that ends at
least thirty (30) days after the Servicer discovers or is notified of such incorrectness, the Servicer shall cure in all material respects the circumstance or condition with respect to which the representation or warranty was incorrect as of
the related Assignment Date (it being understood that the filing of a corrected application for a Certificate of Title with the appropriate Registrar of Titles shall constitute a cure for any breach of a representation or warranty related to the
failure of the Servicer to hold title in the manner described in such Section). If the Servicer will be unable or unwilling to cure such circumstance or condition by such date, on the Payment Date following the Collection Period that ends at least
thirty (30) days after the Servicer discovers or is notified of the incorrectness of the representation or warranty in question, the Servicer shall (i) deposit (or cause to be deposited) into the related Collection Account an amount equal
to the Repurchase Payment and (ii) if such Lease Agreement or Leased Vehicle is (A) part of a Designated Pool, direct the Owner Trustee either to reallocate such Lease Agreement or Leased Vehicle from the related Designated Pool to the
Lending Facility Pool or to cause such Lease Agreement or Leased Vehicle to be conveyed to the related Dealer or Assigning Affiliate as described below or to the Servicer or (B) part of the Lending Facility Pool, unless otherwise directed by
the Servicer, direct the Owner Trustee to cause the Lease Agreement or Leased Vehicle to be conveyed to the related Dealer or Assigning Affiliate as described below or to the Servicer. If the Servicer receives funds from a Dealer or Assigning
Affiliate pursuant to such Dealer’s or Assigning Affiliate’s obligation under a Dealer Agreement or otherwise to repurchase a Lease Agreement or Leased Vehicle that is required to be repurchased or reallocated pursuant to this Section, the
Servicer shall return to such Dealer or Assigning Affiliate the Lease Agreement and/or Leased Vehicle, as applicable, and any Certificate of Title that has been issued with respect to such Leased Vehicle. Such deposit of funds in an amount at least
equal to the Repurchase Payment received from a Dealer or Assigning Affiliate, as the case may be, shall satisfy the Servicer’s obligations pursuant to this Section and shall be deemed to constitute payment in full of the Repurchase Payment
with respect thereto. 
 (c) If the domicile of or title to a Leased Vehicle is changed by a Person other than the Titling Trust, Owner
Trustee, Collateral Agent, Settlor or Servicer and such change would be likely to result in the Titling Trust doing business in a Restricted Jurisdiction, then on the Payment Date related to the Collection Period that ends at least thirty
(30) days after the Servicer discovers or is notified of such change, the Servicer shall purchase such Lease Agreement and the related Leased Vehicle by either (i) depositing to the related Collection Account an amount equal to the
Repurchase Payment or (ii) appropriately segregating and designating an amount equal to the Repurchase Payment on its records, pending application thereof pursuant to this Agreement. 

(d) The purchase by a Dealer or an Assigning Affiliate of a Lease Agreement and/or Leased Vehicle, as the case may be, pursuant to this
Section shall be deemed to cure the breach of representation or warranty or other situation giving rise to the repurchase obligation for purposes of this Agreement. Upon any such purchase, the Titling Trust shall be deemed to transfer, assign, set
over and otherwise convey to the Servicer (or the related Dealer, as applicable), without recourse, representation or warranty, all of the Titling Trust’s interest in the repurchased Lease Agreement and Leased Vehicle, including all monies due
or to become due with respect thereto after the date of such repurchase and all proceeds thereof. 

  
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 (e) Except as otherwise set forth herein or in the related Supplement or Servicing
Supplement, the sole remedy of the Titling Trust, the Settlor and the related Exchange Noteholder with respect to (i) the incorrectness of a representation and warranty set forth in Section 2.6(a) or (ii) a change of domicile of a
Leased Vehicle resulting in the Titling Trust doing business in a Restricted Jurisdiction shall be to require the Servicer to deposit the applicable Repurchase Payment (or such amount as specified in the Servicing Supplement) in the related
Collection Account and thereby purchase the applicable Lease Agreement and Leased Vehicle as provided in this Section. The obligations of the Servicer under this Section shall survive any partial or complete termination of the Servicer hereunder.

 (f) Notwithstanding the foregoing, the Servicer may purchase a Matured Vehicle at any time. If such Leased Vehicle is allocated to
(i) the Lending Facility Pool, the purchase price shall equal the Contract Residual Value relating to such Lease Vehicle as of the related Maturity Date or (ii) a Designated Pool, the purchase price shall be determined as set forth in the
related Servicing Supplement. 
 SECTION 2.7. Collections, Security Deposits, Payments Ahead and Other Receipts. 

(a) The Servicer shall use commercially reasonable efforts to (i) collect all payments or balances required under each Lease Agreement
and (ii) cause all payments required under its Lease Agreement to be made, accompanied by an invoice, payment coupon or electronic funds transfer notice bearing the lease number to which such payment relates. Consistent with the foregoing and
in accordance with its Customary Servicing Practices, the Servicer may in its discretion waive any late payment or extension or deferral charge, in whole or in part, in connection with delinquent payments on or Extensions of a Lease Agreement. The
Servicer shall account to the Titling Trust for the Trust Assets related to each Pool separately in accordance with this Agreement and the other Basic Documents. 

(b) With respect to any Collections and Payments Ahead received by the Servicer: 

(i) Within two (2) Business Days after receiving any check or other receipt related to a Lease Agreement or a related
Leased Vehicle, or with respect to a payment that was remitted improperly or that relates to an amount in dispute, within a reasonable time period, the Servicer shall enter into its computer system the following information, to the extent available:
(A) the amount of the receipt, (B) the lease number to which such payment relates, (C) the nature of the payment, (D) the date of receipt of such payment and (E) the Pool to which such Lease Agreement and the related Leased
Vehicle has been allocated (collectively, the “Payment Information”). 
 (ii) As to any such funds received
by the Servicer for which the Servicer does not have all Payment Information, the Servicer shall enter into its computer system all available Payment Information and use its commercially reasonable efforts to obtain all missing Payment Information
as soon as practicable and shall enter the remaining Payment Information into its computer system upon receipt thereof. 

  
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 (iii) The Servicer shall cause the portions of the Administrative Charge
representing allocations of Taxes to be paid or the Servicer shall pay all such amounts as are contemplated by the related Lease Agreement. 

(iv) By the later of the close of business on (A) the second (2nd)
Business Day after receipt or (B) the day on which all related Payment Information is received by the Servicer, the Servicer shall, except as otherwise provided in a related Servicing Supplement, either (1) deposit into the related
Collection Account all such funds other than (x) Administrative Charges and (y) Disposition Expenses, Liquidation Expenses and Insurance Expenses to be reimbursed to the Servicer pursuant to Section 2.11 (it being understood that in
the case of proceeds from the sale or other disposition of a Leased Vehicle that is the subject of a Like Kind Exchange which are part of Collections, the Servicer instead shall make deposits into the related Collection Account when due in
accordance with Section 2.11) or (2) appropriately segregate and designate such funds on its records, pending application thereof pursuant to this Agreement. 

(v) In connection with Like Kind Exchanges, if the Servicer has reallocated any Leased Vehicles from the relevant Designated
Pool to the Lending Facility Pool, by the later of the close of business on (A) the second Business Date after receipt or (B) the day on which all related Payment Information is received by the Servicer, the Servicer shall, except as
otherwise provided in a related Servicing Supplement, cause the Titling Trust to assign the related Net Liquidation Proceeds from the Lending Facility Pool to a Qualified Intermediary to permit the Qualified Intermediary to purchase a Replacement
Vehicle. 
 (vi) If the Servicer receives any Payment Ahead with respect to a Lease Agreement it shall maintain appropriate
records so as to enable it to timely apply such Payment Ahead as an Applied Payment Ahead on the succeeding Payment Due Dates for the related Lease Agreement. On such succeeding Payment Due Dates, the Servicer shall deposit the related Applied
Payment Ahead to the related Collection Account and indicate the corresponding reduction in the Retained Payment Ahead in its records. 

Notwithstanding any other provision in this Section, except as otherwise set forth in the applicable Servicing Supplement, the Servicer shall
be permitted to retain the amounts provided for in such Section received during a Collection Period until such amounts are required to be disbursed on the related Payment Date. 

(c) With respect to Security Deposits: 

(i) Subject to Section 6.1(b), the Servicer shall treat all Security Deposits remitted to it (or deemed remitted to it)
in accordance with the Customary Servicing Practices as agent, custodian and bailee for the Titling Trust and as proceeds of the Lease Agreements, pending application of the proceeds thereof pursuant to clause (ii) below. 

  
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 (ii) The Servicer shall apply the proceeds of each Security Deposit in
accordance with applicable law, the Customary Servicing Practices and the terms of the related Lease Agreements, including payment of shortfalls resulting from the related lessee’s default or failure to make payments required by the related
Lease Agreement or from damage to the related Leased Vehicle. Upon termination of a Lease Agreement, the Servicer shall return to the related lessee any portion of the related Security Deposit remaining after deducting any amounts permitted under
applicable law and the related Lease Agreement. To the extent permitted by applicable law and the related Lease Agreement, if a Lease Agreement becomes a Defaulted Lease or a Liquidated Lease, then the related Security Deposit shall become
Liquidation Proceeds, which the Servicer shall apply (net of any Liquidation Expenses) to amounts owed by the related lessee under such Lease Agreement. 

(iii) Except as otherwise required by applicable law, (A) the Servicer shall not be required to segregate Security
Deposits from its own funds and (B) any income earned from any investment on the Security Deposits by the Servicer shall be for the account of the Servicer as additional compensation. 

(d) With respect to any other funds received by the Servicer or the Owner Trustee related to any Trust Asset, upon receipt the Servicer shall
either (i) deposit such funds to the related Collection Account or (ii) appropriately segregate and designate such funds on its records, pending application thereof pursuant to this Agreement and any applicable Servicing Supplement. 

(e) The Servicer shall from time to time, in accordance with the Titling Trust Agreement or an applicable Exchange Note Supplement or
Servicing Supplement, (i) identify and allocate on the books and records of the Titling Trust certain Lease Agreements and Leased Vehicles into one or more Designated Pools, either upon the initial creation of such Designated Pool or
periodically following its creation, and direct the Owner Trustee to transfer periodically from and to the related accounts of the Titling Trust (A) such funds as are provided for in such Exchange Note Supplement or Servicing Supplement in
connection with any such transfer of Trust Assets and (B) such Designated Pool’s appropriate share of the liabilities of the Titling Trust, as determined in accordance with the Titling Trust Agreement and such Exchange Note Supplement or
Servicing Supplement. 
 (f) In connection with any Like Kind Exchange, the Servicer may, from time to time, in accordance with the Titling
Trust Agreement or an applicable Exchange Note Supplement or Servicing Supplement (including any provision governing the payment of advances by the Servicer), subject to Section 2.11, (i) identify and reallocate or cause to be identified and
reallocated certain Leased Vehicles from the related Designated Pool to the Lending Facility Pool on the books and records of the Titling Trust, and (ii) transfer or cause to be transferred from the Lender Pool to the relevant Exchange Note
Collection Account an amount equal to the Net Liquidation Proceeds of such Liquidated Vehicles as payment for such reallocation. 
 SECTION
2.8. Settlement of Accounts. 
 (a) On or before each Determination Date, the Servicer shall deliver, (i) to the Owner Trustee,
the Settlor, the Lender, the Administrative Agent and the Collateral Agent, a monthly report with respect to the Lending Facility Pool (the “Monthly Lending Facility Pool Report”) and (ii) except as otherwise provided in the
related Servicing Supplement, to the each related Secured Party, a monthly report with respect to each Designated Pool (each, a “Monthly Exchange Note Report”), in each case, documenting, as applicable, (A) all advances to be
made to, and distributions (including Servicer reimbursements) to be made from, the related Collection Account or (B) the manner in which the Servicer will apply all collections on the related Pool received by the Servicer on or prior to the
next Payment Date. 

  
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 (b) The Servicer shall, from time to time, determine the respective amounts and recipients
and: 
 (i) as and when required by and as provided in this Agreement, the Credit and Security Agreement or a related
Servicing Supplement, transfer from the related Collection Account to the Servicer any due and unpaid Servicing Fees; 

(ii) as and when required by the Titling Trust Agreement, this Agreement, the Credit and Security Agreement or a related
Exchange Note Supplement or Servicing Supplement, transfer from the Lending Facility Collection Account any expenses or liabilities for which reimbursement is authorized hereunder or thereunder to the Person entitled thereto; 

(iii) as and when required by a related Exchange Note Supplement or Servicing Supplement, transfer from the related Exchange
Note Collection Account to the Lending Facility Collection Account funding for each Exchange Note’s share of any allocable expenses or losses for which reimbursement is authorized by the Titling Trust Agreement, the or such Exchange Note
Supplement or Servicing Supplement to the extent not otherwise provided for in this Section; 
 (iv) as and when required in
connection with the Basic Documents relating to a Transaction, transfer from the related Collection Account to the related Distribution Account such amounts as are required to be distributed from time to time in connection with such Transaction; and

 (v) as and when required by the Titling Trust Agreement or a related Exchange Note Supplement or Servicing Supplement,
transfer between the related Collection Accounts any other funds as provided for in the Titling Trust Agreement, the Credit and Security Agreement or any such Exchange Note Supplement or Servicing Supplement. 

(c) Anything to the contrary notwithstanding, the Servicer shall be entitled to make any of the foregoing transfers by appropriately
segregating and designating the relevant funds on its records, pending application thereof in accordance with this Agreement. 
 SECTION
2.9. Servicing Compensation. 
 (a) As compensation for the performance of its obligations under this Agreement, and subject to any
applicable Servicing Supplement, the Servicer shall be entitled to receive (i) with respect to the Lending Facility Pool, the Lending Facility Pool Servicing Fee and (ii) with respect to any Designated Pool, the Designated Pool Servicing
Fee and such additional compensation as may be provided for in the related Servicing Supplement. In servicing the Trust Assets allocated to a particular Pool, such servicing compensation shall be calculated based only on such Trust Assets and shall
be deemed to be an expense incurred only with respect to such Pool. The Lending Facility Pool Servicing Fee shall be calculated on the basis of a 360-day year consisting of twelve (12) thirty (30) day
months. 

  
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 (b) Unless otherwise provided in a Servicing Supplement, the Servicer shall be entitled to
additional servicing compensation with respect to the related Trust Assets in the form of Administrative Charges to the extent that such amounts are not required for the payment of insurance premiums, Taxes or similar charges or other charges
required to be paid to Dealers, Assigning Affiliates or other third parties allocable to the Lease Agreements and investment earnings on Security Deposits. 

SECTION 2.10. Servicing Expenses and Reimbursement. 

(a) Subject to any applicable Servicing Supplement, the Servicer shall pay all expenses incurred by it in connection with its servicing
activities and shall not be entitled to reimbursement of such expenses except for unpaid Disposition Expenses, Insurance Expenses and Liquidation Expenses. The Servicer may advance Disposition Expenses, Insurance Expenses, Liquidation Expenses and
Administrative Charges to the extent required to service the related Trust Assets. The Servicer shall be entitled to be reimbursed for Disposition Expenses, Insurance Expenses and Liquidation Expenses to which it is entitled by depositing only Net
Liquidation Proceeds to the related Collection Account or by appropriately segregating and designating such funds on its records, pending application thereof. 

(b) Except as otherwise provided in an Exchange Note Supplement or Servicing Supplement, the Servicer may obtain on any day from the Titling
Trust, out of the related Collection Account, reimbursement for any Disposition Expenses, Insurance Expenses and Liquidation Expenses for the related Pool for any or all prior Collection Periods; provided, that the Servicer shall have
delivered to the Owner Trustee an Officer’s Certificate setting forth the calculation of such Disposition Expenses, Insurance Expenses and Liquidation Expenses. 

SECTION 2.11. Repossession, Recovery and Sale of Leased Vehicles. 

(a) Subject to Section 2.12(b) and the related Exchange Note Supplement or Servicing Supplement, the Servicer shall use commercially
reasonable efforts to sell or otherwise dispose of any Matured Vehicle not purchased by the lessee, by a Dealer or Assigning Affiliate and to repossess or recover and sell or otherwise dispose of any Liquidated Vehicle. In accordance with the
foregoing standards, the Servicer shall follow such practices and procedures as are consistent with the standards set forth in Section 2.1 (b), which may include (i) engaging in self-help repossession to the extent permitted under
applicable law, (ii) exercising efforts to realize upon Dealer Recourse as the Servicer may determine in its sole discretion, (iii) consigning a Leased Vehicle to a Dealer or Assigning Affiliate for resale or release (to the extent
permitted by applicable law), (iv) selling a Leased Vehicle at public or private sale in a commercially reasonable manner, (v) commencing and prosecuting Proceedings with respect to such Lease Agreement or a related Leased Vehicle or
(vi) taking any actions as are necessary or desirable in order to transfer a Leased Vehicle in a transaction that qualifies or will qualify as a Like Kind Exchange, in each case in compliance with the related Lease Agreement and all applicable
laws. 

  
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 (b) The Servicer shall not be required to expend its own funds in repairing a Leased Vehicle
that has been damaged by reason of an event for which the related lessee was not required under its Lease Agreement to obtain casualty or other insurance or maintain such insurance in full force and effect, unless the Servicer shall reasonably
determine that such expenditure is likely to enhance Net Liquidation Proceeds. The Servicer shall expend funds in connection with the repossession and recovery or sale or other disposition of any Leased Vehicle (and such expense shall be deemed a
Liquidation Expense) only to the extent that it reasonably determines that anticipated Liquidation Expenses will not exceed anticipated Liquidation Proceeds. Except as otherwise provided in the related Servicing Supplement, the Servicer shall be
reimbursed for Disposition Expenses and Liquidation Expenses as provided in Section 2.10. The Titling Trust shall grant to the Servicer a Power of Attorney, and the Servicer, as “Grantee” thereunder, with full power of substitution,
shall give prompt notice to the Owner Trustee upon any such substitution. 
 (c) In connection with any Like Kind Exchange, the Servicer
shall direct or cause to occur all necessary action under such program, including: 
 (i) In order to effect Like Kind
Exchanges, the Servicer shall be permitted from time to time to reallocate Leased Vehicles on the books and records of the Titling Trust from the relevant Designated Pool to the Lending Facility Pool prior to the sale or other disposition of such
Leased Vehicles in accordance with the terms of this Agreement and, with respect to any Leased Vehicle allocated to a Designated Pool, the related Servicing Supplement. Furthermore, in order to effect Like Kind Exchanges, the Servicer shall be
permitted from time to time to assign the Net Liquidation Proceeds relating to any such Leased Vehicle from the Lending Facility Pool to the Qualified Intermediary in connection with obtaining Replacement Vehicles. The Servicer shall be permitted to
effect any reallocation of a Leased Vehicle on the books and records of the Titling Trust from the relevant Designated Pool to the Lending Facility Pool on the Business Day on which the Servicer reasonably believes the sale or other disposition of
such Leased Vehicle shall occur (the “Scheduled Disposition Date”). If a Leased Vehicle has been reallocated from the relevant Designated Pool to the Lending Facility Pool and the anticipated sale or other disposition of such Leased
Vehicle does not occur on or prior to the close of business on the related Scheduled Disposition Date then the Servicer shall immediately reallocate the related Leased Vehicle on the books and records of the Titling Trust from the Lending Facility
Pool to the relevant Designated Pool. 
 (ii) With respect to any Leased Vehicle that is sold or otherwise disposed of
following a reallocation described in Section 2.11(c)(i), the Servicer shall determine the Net Liquidation Proceeds relating to such Leased Vehicle. By no later than the close of business on the first (1st) Business Day following the day on which such Leased Vehicle was sold or otherwise disposed of, the Servicer shall, or shall cause the Settlor to, subject to the terms of any Servicing Supplement,
(A) deposit cash in an amount equal to the related Net Liquidation Proceeds into the relevant Exchange Note Collection Account, (B) allocate one or more Leased Vehicles with an aggregate Contract Residual Value that is at least equal to
the Net Liquidation Proceeds of the related Leased Vehicle to the relevant Designated Pool or (C) both deposit cash to the relevant Exchange Note Collection Account and allocate one or more Leased Vehicles to the relevant Designated Pool so
that the sum of such cash deposit plus the aggregate Contract Residual Value of such Leased Vehicles is at least equal to the Net Liquidation Proceeds of the related Leased Vehicle. 

  
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 (iii) The Servicer shall use the same commercially reasonable efforts to
sell or otherwise dispose of Liquidated Vehicles under a Like Kind Exchange as required by Sections 2.11(a) and 2.11(b). 

(iv) Upon the disposition of a Leased Vehicle and transfer of the proceeds of such disposition to the Qualified Intermediary,
AmeriCredit shall direct the Qualified Intermediary to use such proceeds, together with any additional amounts received from the Settlor and any proceeds then held by the Qualified Intermediary as a result of the disposition of other Leased
Vehicles, to acquire one or more Replacement Vehicles. Upon the purchase of any Replacement Vehicle by the Qualified Intermediary, the Servicer shall cause such Replacement Vehicle to be titled in accordance with Section 2.4 and allocated
either (A) to a Designated Pool in accordance with Section 2.11(c)(iii) or (B) if no such allocation to a Designated Pool is required to fulfill the requirements of Section 2.11(c)(iii), to the Lending Facility Pool. 

(v) If any Leased Vehicle is disposed of in connection with a Like Kind Exchange by being sold to AmeriCredit or to an
Affiliate of AmeriCredit, AmeriCredit or such Affiliate, as the case may be, shall be deemed to have represented and warranted that (1) the sale price paid in respect of such sale represents the equivalent amount that AmeriCredit, as Servicer,
would have obtained from a third-party purchaser in respect of such Leased Vehicle (unless the Base Residual Value is paid for such Leased Vehicle, in which case, the amount that would have been paid by a third-party purchaser shall be deemed to be
the Base Residual Value), and (2) the costs and expenses of the Servicer to be netted against such proceeds are no greater than had such Leased Vehicle been sold directly to a third-party purchaser. 

SECTION 2.12. Servicer to Act on Behalf of Trustee. 

(a) In addition to the duties of the Servicer set forth in this Agreement or any of the other Basic Documents, the Servicer shall perform such
calculations and shall prepare for execution by the Titling Trust or the Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the
duty of the Titling Trust or the Owner Trustee to prepare, file or deliver pursuant to this Agreement or any of the Basic Documents or under state and federal tax and securities laws (including any filings required pursuant to the Sarbanes-Oxley Act
of 2002 or any rule or regulation promulgated thereunder), and at the request of the Owner Trustee shall take all appropriate action that it is the duty of the Titling Trust to take pursuant to this Agreement or any of the Basic Documents. In
accordance with the directions of the Titling Trust or the Owner Trustee, the Servicer shall administer, perform or supervise the performance of such other activities in connection with the Collateral as are not covered by any of the foregoing
provisions and as are expressly requested by the Titling Trust or the Owner Trustee and are reasonably within the capability of the Servicer. 

  
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 (b) Notwithstanding anything in this Agreement or any of the Basic Documents to the
contrary, the Servicer shall be responsible for promptly notifying the Owner Trustee and the Administrative Agent in the event that any withholding tax is imposed on the Titling Trust’s payments (or allocations of income) to any
Certificateholder (as defined in the Titling Trust Agreement) as contemplated by this Agreement or any other Basic Document. Any such notice shall be in writing and specify the amount of any withholding tax required to be withheld by the Owner
Trustee or the Administrative Agent pursuant to such provision. 
 (c) In carrying out the foregoing duties or any of its other obligations
under this Agreement, the Servicer may enter into transactions with or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions
received from the Titling Trust and shall be, in the Servicer’s opinion, no less favorable to the Titling Trust in any material respect. 

(d) The Servicer shall prepare and file, on behalf of APGO and the Titling Trust, all tax returns, tax elections, financial statements and
such annual or other reports attributable to the activities engaged in by the Titling Trust as are necessary for preparation of tax reports, including without limitation forms 1099. All tax returns will be signed by APGO or the Servicer. 

(e) Notwithstanding the foregoing, with respect to matters that in the reasonable judgment of the Servicer are
non-ministerial, the Servicer shall not take any action pursuant to this Section 2.12 unless within a reasonable time before the taking of such action, the Servicer shall have notified the Owner Trustee,
the Administrative Agent and the Collateral Agent of the proposed action and the Owner Trustee and, with respect to items (A), (B), (C) and (D) below, the Owner Trustee shall not have withheld consent. For the purpose of the preceding sentence,
“non-ministerial matters” shall include: (A) the amendment of or any supplement to the Credit and Security Agreement; (B) the initiation of any claim or lawsuit by the Titling Trust and the
compromise of any action, claim or lawsuit brought by or against the Titling Trust (other than in connection with the collection of the Lease Agreements or liquidation of the Leased Vehicles); (C) the amendment, change or modification of this
Agreement or any of the Basic Documents; and (D) the removal of, and appointment of a successor, Collateral Agent. 

  
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 (f) The Servicer shall identify from time to time all (i) UCC financing statements
reflecting certain interests in Lease Agreements allocated to a particular Pool and all related rights, (ii) periodic sales and use Tax, income or franchise Tax or property (real or personal) Tax reports for the Titling Trust and the Owner
Trustee, (iii) periodic renewals of licenses and permits, (iv) periodic renewals of qualifications to act as a statutory trust and trustee of a statutory trust and (v) other periodic governmental filings, returns, registrations or
approvals (items (i) through (v), collectively, “Filings”) arising with respect to or required of the Owner Trustee or the Titling Trust, including (in the ease of clauses (iii) and (v)) such licenses, permits and other
Filings as are required for the Titling Trust or the Owner Trustee on behalf of the Titling Trust, as the case may be, to originate and accept assignments of Lease Agreements or Leased Vehicles and to be identified and maintained as the owner of the
Leased Vehicles on the related Certificates of Title, as contemplated by Sections 2.4 and 2.5(a). The Servicer shall also identify any surety bonds or other ancillary undertakings required of the Titling Trust or the Owner Trustee in respect of any
Filing. The Servicer, with, to the extent applicable, the cooperation of the Settlor, the Owner Trustee or the Titling Trust, shall timely prepare and file or cause to be filed, with the appropriate Person each Filing and each such ancillary
undertaking, and shall pay any and all fees, Taxes or expenses required to be paid in connection with the foregoing. In connection with the foregoing, the Titling Trust grants to the Servicer such authority, and will, from time to time, execute and
deliver to the Servicer any necessary power of attorney (including a Power of Attorney), as it may require, to effect each such Filing or ancillary undertaking. If the Servicer receives notice, or has actual knowledge, of material non-compliance with any Filing requirement, it shall promptly so notify the Owner Trustee and take all required action to rectify such noncompliance. Notwithstanding the foregoing, the Servicer shall not be required
to perform any of the actions specified in this Section in connection with any requirements that may be applicable to any Co-Trustee (except to the extent provided for in an applicable Co-Trustee Agreement to which the Servicer is a party), separate trustee or nominee of the Titling Trust. 

SECTION 2.13. Liability of Servicer; Indemnities. 

(a) The Servicer (in its capacity as such) shall be liable hereunder only to the extent of the obligations in this Agreement specifically
undertaken by the Servicer and the representations made by the Servicer. 
 (b) The Servicer shall defend, indemnify and hold harmless the
Titling Trust, the Owner Trustee, the Settlor, the Administrative Agent, the Collateral Agent and their respective officers, directors, agents and employees and the Secured Parties from and against any and all costs, expenses, losses, damages,
claims and liabilities, including reasonable fees and expenses of counsel and expenses of litigation arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of any Leased Vehicle. 

(c) The Servicer shall indemnify, defend and hold harmless the Titling Trust, the Owner Trustee, the Settlor, the Administrative Agent, the
Collateral Agent and their respective officers, directors, agents and employees and the Secured Parties from and against any Taxes that may at any time be asserted against any of such parties with respect to the transactions contemplated in this
Agreement or any other Basic Document, including, without limitation, any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or license taxes (but not including any federal or other income taxes based on
income payable to such Persons hereunder or thereunder) and costs and expenses in defending against the same. 
 (d) The Servicer shall
indemnify, defend and hold harmless the Titling Trust, the Owner Trustee, the Settlor, the Administrative Agent, the Collateral Agent and their respective officers, directors, agents and employees and the Secured Parties 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 the Titling Trust, the Owner Trustee, the Settlor, the Administrative Agent, the
Collateral Agent or the Secured Parties by reason of the negligence, misfeasance or bad faith in the performance of the Servicer’s duties under this Agreement or any other Basic Document or by reason of reckless disregard of the Servicer’s
obligations and duties under this Agreement or any other Basic Document (excluding credit and residual value losses). 

  
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 (e) AmeriCredit shall indemnify, defend and hold harmless the Titling Trust, the Owner
Trustee, the Settlor, the Administrative Agent, the Collateral Agent and their respective officers, directors, agents and employees and the Secured Parties from and against any loss, liability or expense incurred by reason of the violation by
Servicer of federal or state securities laws in connection with the registration or the sale of any Exchange Note. 
 (f) Indemnification
under this Article shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation and shall include costs and expenses incurred in connection with the enforcement of any such indemnification rights. If the
Servicer has made any indemnity payments pursuant to this Section and the recipient thereafter collects any of such amounts from others, the recipient shall promptly repay such amounts collected to the Servicer, without interest. 

(g) The obligations of the Servicer under this Section shall survive (i) any transaction described in Section 5.4 and any acts,
occurrences or transactions related thereto whether arising before or after the date of such transaction, (ii) the resignation or removal of the Servicer, the Owner Trustee, the Administrative Agent or the Collateral Agent and (iii) the
termination of this Agreement, any related Servicing Supplement and the other Basic Documents. 
 SECTION 2.14. Third Party Claims.
The Servicer shall immediately notify the Settlor, the Administrative Agent, the Collateral Agent, the Owner Trustee and each affected Secured Party upon learning of a Claim or Lien of whatever kind of a third party that would be likely to have a
material adverse impact (not reasonably expected to be covered by insurance) on the Titling Trust or any Trust Assets allocated to a particular Pool. The Servicer shall be responsible for the defense of any Claim against the Owner Trustee arising
pursuant to or in connection with a Claim or Proceeding (a) contemplated by SECTION 2.13(a), (b), (c) and (d), subject to the qualifications described therein, (b) originally commenced by the Servicer or the Titling Trust to enforce a
Lease Agreement or (c) with respect to the servicing of a Lease Agreement. If the Servicer is responsible for the defense of such a Proceeding or Claim, the Servicer will provide such information with respect thereto as is reasonably requested
by the Settlor, the Owner Trustee or the related Secured Party, as applicable. 
 SECTION 2.15. Insurance. The Servicer shall cause
each Lease Agreement to require (i) a comprehensive and collision physical damage insurance policy covering the actual cash value of the related Leased Vehicle and (ii) automotive liability insurance in amounts at least equal to the amount
prescribed by applicable State law shall be obtained and maintained in full force and effect during the related Lease Term. Each Lease Agreement shall provide that failure to obtain and maintain the required insurance is a default under the Lease
Agreement. For the avoidance of doubt, evidence that a “self-insurance” policy is maintained that satisfies the dollar amount requirements in clauses (i) and (ii) shall satisfy the requirements of this
Section 2.15. 
 SECTION 2.16. Subservicer. 

  
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 (a) The Servicer may enter into subservicing agreements with one or more subservicers for
the servicing and administration of any or all of the Lease Agreements. References in this Agreement to actions taken, to be taken, permitted to be taken, or restrictions on actions permitted to be taken, by the Servicer in servicing the Lease
Agreements shall include actions taken, to be taken, permitted to be taken, or restrictions on actions permitted to be taken, by a subservicer on behalf of the Servicer. Each subservicing agreement will be upon such terms and conditions as are not
inconsistent with this Agreement and the standard of care set forth herein and as the Servicer and the subservicer have agreed. All compensation payable to a subservicer under a subservicing agreement shall be payable by the Servicer from its
servicing compensation or otherwise from its own funds. 
 (b) Notwithstanding any subservicing agreement or any of the provisions of this
Agreement relating to agreements or any arrangements between the Servicer or a subservicer or any reference to actions taken through such Persons or otherwise, the Servicer shall remain obligated and liable for the servicing and administering of the
Lease Agreements in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such subservicing agreements. 

(c) Any subservicing agreement that may be entered into and any other transactions or servicing arrangements relating to or involving a
subservicer in its capacity as such shall be deemed to be between the subservicer and the Servicer alone, and the Titling Trust, the Owner Trustee and any Secured Party shall not be deemed parties thereto and shall have no claims, rights,
obligations, duties or liabilities with respect to the subservicer except as set forth in the next succeeding paragraph. 
 In the event the
Servicer shall for any reason no longer be acting as such, the Successor Servicer may, in its discretion, thereupon assume all of the rights and obligations of the outgoing Servicer under a subservicing agreement. In such event, the Successor
Servicer shall be deemed to have assumed all of the Servicer’s interest therein and to have replaced the outgoing Servicer as a party to each such subservicing agreement to the same extent as if such subservicing agreement had been assigned to
the Successor Servicer, except that the outgoing Servicer shall not thereby be relieved of any liability or obligations on the part of the outgoing Servicer to the subservicer under such subservicing agreement. The outgoing Servicer shall deliver to
the Successor Servicer all documents and records relating to each such subservicing agreement and the Lease Agreements then being serviced thereunder and an accounting of amounts collected and held by it and otherwise use its best efforts to effect
the orderly and efficient transfer of any subservicing agreement to the Successor Servicer. In the event that the predecessor servicer is being replaced upon the occurrence of a Lending Facility Servicer Default or Exchange Note Servicer Default or
otherwise for cause, the predecessor Servicer shall pay all reasonable set-up and conversion costs associated with the transfer of the servicing rights to the Successor Servicer. In the event that the
Successor Servicer elects not to assume a subservicing agreement, the outgoing Servicer, at its expense, shall cause the subservicer to deliver to the Successor Servicer all documents and records relating to the Lease Agreements and Leased Vehicles
being serviced thereunder and all amounts held (or thereafter received) by such subservicer (together with an accounting of such amounts) and shall otherwise use its best efforts to effect the orderly and efficient transfer of servicing of the Lease
Agreements and Leased Vehicles being serviced by such subservicer to the Successor Servicer. 

  
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 SECTION 2.17. Pull Ahead Lease Agreements. If a Pull Ahead Program is instituted, any
Lease Agreement subject to such Pull Ahead Program shall become a Pull Ahead Lease Agreement as of the end of the Collection Period during which the related Lessee elected to terminate the Lease Agreement prior to its Maturity Date by delivery of
the related Leased Vehicle to a Dealer and payment of any required Monthly Payments and any other required amount pursuant to such Pull Ahead Program. The Servicer shall cause the related Pull Ahead Payment Provider to remit to it all Pull Ahead
Payments relating to Pull Ahead Lease Agreements in accordance with the terms of the related Pull Ahead Program, including pursuing applicable legal remedies if such payments are not paid. For the avoidance of doubt, no Successor Servicer shall be
obligated to maintain a Pull Ahead Program. 
 ARTICLE III 

ACCOUNTS, STATEMENTS AND REPORTS 

SECTION 3.1. Establishment of Collection Accounts. 

(a) Prior to the first Payment Date on which amounts will be due and payable pursuant to Section 10.2 of the Credit and Security
Agreement to a party other than AmeriCredit (in its capacity as Servicer, as Lender or otherwise) the Collateral Agent, on behalf of the Lender, shall establish and maintain in its own name an Eligible Deposit Account (the “Lending Facility
Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Collateral Agent on behalf of the Lender. Prior to the establishment of such Lending Facility Collection
Account, all amounts required to be deposited thereto shall instead be deposited with or at the direction of the Servicer, for further application by the Servicer in accordance with the terms hereof. The Collateral Agent will also establish an
Exchange Note Collection Account pursuant to each Servicing Supplement that will relate to the related Designated Pool and Exchange Note. Each Collection Account shall initially be established with the Collateral Agent. 

(b) Unless otherwise specified in the related Servicing Supplement with respect to an Exchange Note Collection Account, funds on deposit in
the Collection Accounts shall be invested by the Collateral Agent (or any custodian with respect to funds on deposit in any such account) in Permitted Investments selected in writing by the Servicer (pursuant to standing instructions or otherwise).
All such Permitted Investments shall be held by or on behalf of the Collateral Agent for the benefit of the related Secured Party. Funds on deposit in any Trust Account shall be invested in Permitted Investments that will mature so that such funds
will be available at the close of business on the Business Day immediately preceding the following Payment Date. All Permitted Investments will be held to maturity. The Servicer acknowledges that upon its written request and at no additional cost,
it has the right to receive notification after the completion of each such investment or the Collateral Agent’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Collateral Trustee
hereunder, and the Collateral Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant
Account during such period. 

  
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 (c) All Investment Earnings of moneys deposited in each Collection Account shall be
deposited (or caused to be deposited) in such Collection Account by 10:00 a.m. on each Payment Date by the Collateral Agent and applied in the manner set forth in the Credit and Security Agreement or related Exchange Note Supplement, as applicable,
and any loss resulting from such investments shall be charged to such Collection Account. The Servicer will not direct the Collateral Agent to make any investment of any funds held in any of the Collection Accounts unless the security interest
granted and perfected in such account will continue to be perfected in such investment, in either case without any further action by any Person, and, in connection with any direction to the Collateral Agent to make any such investment, if requested
by the Collateral Agent, the Servicer shall deliver to the Collateral Agent an Opinion of Counsel, acceptable to the Collateral Agent, to such effect. 

(d) The Collateral Agent shall not in any way be held liable by reason of any insufficiency in any of the Collection Accounts resulting from
any loss on any Permitted Investment included therein except for losses attributable to the Collateral Agent’s failure to comply with the applicable investment instructions pursuant to the terms of this Agreement or its failure to make payments
on such Permitted Investments issued by the Collateral Agent, in its commercial capacity as principal obligor and not as Collateral Agent, in accordance with their terms. 

(e) If (i) the Servicer shall have failed to give investment directions in writing for any funds on deposit in the Collection Accounts to
the Collateral Agent by 1:00 p.m. Eastern Time (or such other time as may be agreed by the Servicer and Collateral Agent) on any Business Day the funds in such Collection Account will be invested in accordance with the investment direction most
recently provided by the Servicer; provided, that, if no investment direction has been provided by the Servicer by such date, the funds in such Collection Account will be held univested. 

(f) The Collateral Agent shall possess all right, title and interest in all funds on deposit from time to time in the Collection Accounts and
in all proceeds thereof for the benefit of the related Secured Parties and all such funds, investments, proceeds and income shall be part of the Trust Estate. Except as otherwise provided herein, the Collection Accounts shall be under the sole
dominion and control of the Collateral Agent for the benefit of the related Secured Parties. If, at any time, any of the Collection Accounts ceases to be an Eligible Deposit Account, the Collateral Agent (or the Servicer on its behalf) shall within
five (5) Business Days (or such longer period as to which the Rating Agencies rating any securities backed by the related Exchange Note, if any, may consent) establish a new Collection Account as an Eligible Deposit Account and shall transfer
any cash and/or any investments to such new Collection Account. In connection with the foregoing, the Servicer agrees that, in the event that any of the Collection Accounts are not accounts with the Collateral Agent, the Servicer shall notify the
Collateral Agent in writing promptly upon any of such Collection Accounts ceasing to be an Eligible Deposit Account. 
 (g) With respect to
the Trust Account Property, the Collateral Agent agrees that: 
 (i) any Trust Account Property that is held in deposit
accounts shall be held solely in the Eligible Deposit Accounts; and, except as otherwise provided herein, each such Eligible Deposit Account shall be subject to the exclusive custody and control of the Collateral Agent, and the Collateral Agent
shall have sole signature authority with respect thereto; 

  
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 (ii) any Trust Account Property that constitutes “physical
property” (as such term is defined in the definition of “Delivery” contained in Annex A hereto) shall be delivered to the Collateral Agent in accordance with paragraph (i) of the definition of “Delivery” and shall be
held, pending maturity or disposition, solely by the Collateral Agent or a securities intermediary (as such term is defined in Section 8-102(14) of the UCC) acting solely for the Collateral Agent; 

(iii) the “securities intermediary’s jurisdiction” for purposes of
Section 8-110 of the UCC shall be the State of New York; 
 (iv) any property
that is a book-entry security held through the Federal Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (ii) of the definition of “Delivery” and shall be maintained by the
Collateral Agent, pending maturity or disposition, through continued book-entry registration of such Trust Account Property as described in such paragraph; 

(v) any Trust Account Property that is an “uncertificated security” or a “security entitlement” under
Article 8 of the UCC and that is not governed by clause (4) above shall be delivered to the Collateral Agent in accordance with paragraph (iii) or (iv), if applicable, of the definition of “Delivery” and shall be maintained by
the Collateral Agent, pending maturity or disposition, through continued registration of the Collateral Agent’s (or its nominee’s) ownership of such security; and 

(vi) any cash shall be considered a “financial asset” under Article 8 of the UCC. 

(h) The Servicer shall have the power to instruct the Collateral Agent to make withdrawals and payments from the Collection Accounts for the
purpose of permitting the Servicer and the Collateral Agent to carry out its respective duties hereunder, under the Credit and Security Agreement and under any other agreements related thereto or to withdraw amounts that do not constitute
Collections for any Collection Period that were deposited in error. 
 SECTION 3.2. Reporting by the Servicer; Delivery of Certain
Documentation. 
 (a) On or before each Determination Date, in accordance with Section 2.8(a), the Servicer shall deliver the
Monthly Lending Facility Pool Report to the Owner Trustee, the Settlor, the Lender and the Collateral Agent and each Monthly Exchange Note Report to the related Secured Parties, in each case, for the related Collection Period. Notwithstanding the
foregoing or Section 2.8(a), if at any time no Exchange Notes are outstanding the Servicer shall not be required to deliver any Servicer Reports unless requested to do so by the Lender. 

(b) The Servicer will also provide any additional reports, certificates or notices specified in any Servicing Supplement to the recipients and
in accordance with the terms specified therein. 

  
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 ARTICLE IV 

SERVICER DEFAULTS 
 SECTION 4.1.
Servicer Defaults; Termination of Servicer. 
 (a) The following acts and occurrences, with respect to the Lending Facility Pool will
constitute “Lending Facility Servicer Defaults”: 
 (i) the occurrence of an Insolvency Event with respect
to the Servicer; 
 (ii) failure by the Servicer to remit to the Lending Facility Collection Account any proceeds or payment
required to be so remitted under the terms of this Agreement that continues unremedied for a period of two (2) Business Days after written notice is received by the Servicer from the Titling Trust, the Settlor or the Collateral Agent, or after
discovery of such failure by a Responsible Officer of the Servicer; 
 (iii) failure on the part of the Servicer to observe
its covenants and agreements set forth in Section 5.3; or 
 (iv) failure on the part of the Servicer duly to observe
or perform any other covenants or agreements of the Servicer set forth in this Agreement, which failure (A) materially and adversely affects the rights of the Lender, and (B) continues unremedied for a period of thirty (30) days after
knowledge thereof by the Servicer or after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by the Titling Trust, the Settlor, the Administrative Agent or the Collateral
Agent. 
 (b) Except as otherwise provided in the related Servicing Supplement, the following acts and occurrences with respect to any
Designated Pool, will constitute “Exchange Note Servicer Defaults” for such Designated Pool: 
 (i) the
occurrence of an Insolvency Event with respect to the Servicer; 
 (ii) failure by the Servicer to remit to the related
Exchange Note Collection Account any proceeds or payment required to be so remitted under the terms of this Agreement or the related Servicing Supplement that continues unremedied for a period of two (2) Business Days after written notice is
received by the Servicer from by the related Exchange Noteholder, the Administrative Agent or the Collateral Agent, or after discovery of such failure by a Responsible Officer of the Servicer; 

(iii) failure on the part of the Servicer to observe its covenants and agreements set forth in Section 5.3; or 

(iv) failure on the part of the Servicer duly to observe or perform any other covenants or agreements of the Servicer set
forth in this Agreement or the related Servicing Supplement, which failure (A) materially and adversely affects the rights of the related Exchange Noteholder or the Holders of any securities which are secured by the related Exchange Noteholder,
and (B) continues unremedied for a period of thirty (30) days after knowledge thereof by the Servicer or after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by
the related Exchange Noteholder, the Administrative Agent or the Collateral Agent. 

  
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 (c) The Servicer shall provide to the Owner Trustee, the Collateral Agent, the
Administrative Agent the related Secured Party and the related Exchange Noteholder, if applicable, prompt notice of any Lending Facility Servicer Default or Exchange Note Servicer Default. 

(d) If a Lending Facility Servicer Default or Exchange Note Servicer Default shall have occurred and be continuing, the Titling Trust may,
upon being provided indemnity or security satisfactory to it, remedy such Lending Facility Servicer Default or Exchange Note Servicer Default, as applicable, or at the direction of the related Secured Party, by notice to the Servicer, terminate all
of the rights and obligations of the Servicer under this Agreement and the related Servicing Supplement in respect of the related Pool, including all or a portion (allocable to the rights and obligations terminated) of the rights of the Servicer to
receive the servicing compensation provided for in Section 2.10 (or the applicable portion thereof) with respect to such Pool following the assumption by a successor of the Servicer’s duties hereunder. Upon any such termination, the
Servicer shall continue to perform its functions as Servicer until the earlier of the date specified in the termination notice or, if no such date is specified therein, the date of the Servicer’s receipt of such notice, at which time all
rights, powers, duties, obligations and responsibilities of the Servicer under this Agreement and the related Servicing Supplement, whether with respect to the Servicing Fee or otherwise, so terminated with respect to the related Pool shall, as
applicable, vest in and be assumed by a Successor Servicer appointed by the related Secured Party, pursuant to a servicing agreement with the Titling Trust and such Secured Party, containing substantially the same provisions as this Agreement in
respect of the related Pool (including those with respect to the compensation of such Successor Servicer). The Successor Servicer is hereby irrevocably authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments (including any notices to Lessees deemed necessary or advisable by the Successor Servicer), and to do or
accomplish all other acts or things necessary or appropriate to effect such vesting and assumption. Such action shall include, directing any or all of the related Lessees to remit payments on or in respect of the related Lease Agreements and Leased
Vehicles to an account or address designated by the Successor Servicer. The Servicer shall comply with its obligations under Section 6.1(b) in connection with any such termination. 

(e) All reasonable costs and expenses incurred in connection with transferring the servicing of the related Lease Agreements and Leased
Vehicles to the Successor Servicer and amending this Agreement and the related Servicing Supplement to reflect such succession as Servicer pursuant to this Section shall be paid by the predecessor Servicer upon presentation of reasonable
documentation of such costs and expenses. In the event that a Servicer fails to pay costs and expenses for which it is responsible under this Section within a reasonable time after presentation of such documentation, the Successor Servicer shall be
entitled to reimbursement therefor as a Liability payable from Trust Assets in accordance with Section 7.1 of the Titling Trust Agreement, and the Titling Trust shall be subrogated to the reimbursement rights of the Successor Servicer against
the departing Servicer. 

  
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 (f) At the written direction of the related Secured Party, the Titling Trust shall waive a
default by the Servicer in the performance of its obligations hereunder and its consequences with regard to any Pool, except that any such waiver in respect of a Pool may only be given in accordance with the related Exchange Note Supplement or the
related Servicing Supplement. Upon any such waiver by the Titling Trust of a past default, such default shall cease to exist, and any Lending Facility Servicer Default or Exchange Note Servicer Default, as applicable, arising therefrom shall be
deemed to have been remedied for every purpose of this Agreement and the related Servicing Supplement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

(g) If the Servicer resigns or is terminated as Servicer hereunder with respect to a Pool, the related Secured Party shall appoint a Successor
Servicer hereunder. If a Successor Servicer is not appointed by the effective date of the predecessor Servicer’s termination hereunder or resignation pursuant to Section 5.4, then the related Secured Party shall promptly appoint or
petition a court of competent jurisdiction to appoint as Successor Servicer with respect to such Pool any established entity the regular business of which includes the servicing of motor vehicle leases or retail installment sale contracts. 

(h) In the event of the partial termination of any, but not all, of the Servicer’s rights and powers hereunder, the Servicer shall
continue to service, administer and collect Lease Agreements and Leased Vehicles in unaffected Pools and shall have the right to receive servicing compensation in accordance with Section 2.9 with respect to all such unaffected Pools. 

(i) Except as otherwise provided in the related Servicing Supplement, any compensation payable to a Successor Servicer may not be in excess of
that permitted by the predecessor Servicer unless the related Secured Parties bear such excess costs exclusively. 
 SECTION 4.2. No
Effect on Other Parties. Upon any complete or partial termination of the rights and powers of the Servicer from time to time pursuant to Section 6.1 or upon any appointment of a Successor Servicer with respect to all or a portion of the
Trust Assets, all rights, powers, duties and obligations of the Titling Trust under this Agreement and each other Titling Trust Document shall remain unaffected by such termination or appointment and shall remain in full force and effect thereafter,
except as otherwise expressly provided in this Agreement or in any other Titling Trust Document. 
 ARTICLE V 

THE SERVICER 
 SECTION 5.1.
Representations and Warranties. As of the date hereof, the Servicer makes the following representations and warranties to the Titling Trust and each Secured Party: 

(a) Organization and Good Standing. The Servicer has been duly organized and is validly existing and in good standing under the laws of
its jurisdiction of organization, with power, authority and legal right 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 enter into and perform its obligations under this Agreement. 

  
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 (b) Due Qualification. The Servicer is duly qualified to do business, is in good
standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Lease Agreements and Leased Vehicles as required by this
Agreement) requires or shall require such qualification , except when the failure to have any such license, approval or qualification would not be likely to have a material adverse effect on the condition, financial or otherwise, of the Servicer or
would not be likely to have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement or any Servicing Supplement. 

(c) Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the Basic Documents to
which it is a party and to carry out its terms and their terms, respectively, and the execution, delivery and performance of this Agreement and the Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary
corporate action. 
 (d) Binding Obligation. This Agreement and the Basic Documents to which it is a party have been duly executed
and delivered by the Servicer and shall constitute legal, valid and binding obligations of the Servicer 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. 

(e) No Violation. The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms of this
Agreement shall 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 articles of incorporation or bylaws of the Servicer, or any material
indenture, agreement, mortgage, deed of trust or other instrument to which the Servicer is a party or by which it is bound, or result in the creation or imposition of any material 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 a related Servicing Supplement, or violate any law, order, rule or regulation applicable to the Servicer of any court or of any federal or State
regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Servicer or any of its properties , in each case which breach, default, conflict, lien or violation would be likely to have a material adverse
effect on the financial condition of the Servicer or its ability to perform its obligations under this Agreement or any Servicing Supplement. 

(f) No Proceedings. There are no proceedings or investigations pending or, to the Servicer’s knowledge, threatened against the
Servicer, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Servicer or its properties (A) asserting the invalidity of this Agreement, (B) seeking to
prevent the issuance of the any Exchange Note or the consummation of any of the transactions contemplated by this Agreement or the Credit and Security Agreement, or (C) seeking any determination or ruling that might materially and adversely
affect the performance by the Servicer of its obligations under, or the validity or enforceability of, this Agreement or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes of the Titling Trust
or any Pool. 

  
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 (g) No Consents. The Servicer is not required to obtain the consent of any other
party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which
has not already been obtained. 
 SECTION 5.2. Limitation on Liability of Servicer. 

(a) Neither the Servicer nor any of its directors, officers, employees or agents shall be under any liability to the Titling Trust, the
Collateral Agent, any Secured Party or any third party beneficiary of this Agreement or any other Titling Trust Document, except as otherwise provided in the applicable Titling Trust Document, for any action taken or for refraining from the taking
of any action pursuant to this Agreement or any other Titling Trust Document, or for errors in judgment; provided, however, that this provision shall not protect the Servicer or any such individual against any liability that would
otherwise be imposed by reason of willful misfeasance, bad faith or negligence in the performance of duties or by reason of reckless disregard of obligations or duties under this Agreement or any other Titling Trust Document. 

(b) Except as otherwise provided in this Agreement or any other Titling Trust Document, the Servicer shall not be under any obligation to
appear in, prosecute or defend any Proceeding not incidental to its duties to service the Lease Agreements and Leased Vehicles in accordance with this Agreement, and that in its opinion may involve it in any liability; provided,
however, that the Servicer may undertake any reasonable action it may deem necessary or desirable in respect of this Agreement and the rights and duties of the parties hereto and the interests of the Titling Trust, and any reasonable expense
related to any such undertaking by the Servicer shall be reimbursable to the Servicer as Disposition Expenses, Liquidation Expenses or Insurance Expenses, as the case may be, pursuant to Section 2.10 hereof. 

(c) The Servicer and any director, officer, employee or agent of the Servicer 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 or any other Titling Trust Document. 

  
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 SECTION 5.3. Merger. The Servicer shall not merge or consolidate with any other
person, convey, transfer or lease substantially all its assets as an entirety to another Person, or permit any other Person to become the successor to the Servicer’s business unless, after the merger, consolidation, conveyance, transfer, lease
or succession, the successor or surviving entity shall be capable of fulfilling the duties of the Servicer contained in this Agreement. Any corporation (a) into which the Servicer may be merged or consolidated, (b) resulting from any
merger or consolidation to which the Servicer shall be a party, (c) which acquires by conveyance, transfer, or lease substantially all of the assets of the Servicer, or (d) succeeding to the business of the Servicer, in any of the
foregoing cases shall execute an agreement of assumption to perform every obligation of the Servicer under this Agreement and each other Basic Document and, whether or not such assumption agreement is executed, shall be the successor to the Servicer
under this Agreement and each other Basic Document to which the Servicer is a party without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement or any other Basic Document, anything in this
Agreement or any other Basic Document to the contrary notwithstanding; provided, however, that nothing contained herein shall be deemed to release the Servicer from any obligation. The Servicer shall provide notice of any merger,
consolidation or succession pursuant to this Section to the Owner Trustee, the Settlor, each Secured Party and the Collateral Agent thirty (30) days prior to such merger, consolidation or succession. Notwithstanding the foregoing, the Servicer
shall not merge or consolidate with any other Person or permit any other Person to become a successor to the Servicer’s business, unless (y) the Servicer shall have delivered to the Owner Trustee, the Settlor, each Secured Party and the
Collateral Agent an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in
this Agreement relating to such transaction have been complied with, and (z) the Servicer shall have delivered to the Owner Trustee, the Settlor, each Secured Party and the 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 respective interests of the Titling Trust in the Lease Agreements and
Leased Vehicles and the Collateral Agent in the Collateral and reciting the details of the filings or (B) no such action shall be necessary to preserve and protect such interest. 

SECTION 5.4. Servicer Not to Resign; Assignment. Subject to the provisions of Section 5.3, the Servicer shall not resign from the
obligations and duties imposed on it by this Agreement as Servicer except upon a determination that by reason of a change in legal requirements the performance of its duties under this Agreement would cause it to be in violation of such legal
requirements in a manner which would be likely to result in a material adverse effect on the Servicer, and the Settlor and any Secured Party does not elect to waive the obligations of the Servicer to perform the duties which render it legally unable
to act or to delegate those duties to another Person. Any such determination permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered and acceptable to the Owner Trustee, the Settlor and each
Secured Party. No resignation of the Servicer shall become effective until an entity acceptable to Settlor and the each Secured Party shall have assumed the responsibilities and obligations of the Servicer. 

ARTICLE VI 
 MISCELLANEOUS 

SECTION 6.1. Termination of Agreement; Transfer of Servicing Materials to Successor Servicer. 

  
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 (a) This Agreement shall terminate, completely or (if so indicated) in part with respect to
one or more Pools, upon the earlier of (i) the termination of the Titling Trust or, with respect to any Pool, upon the termination of such Pool in accordance with the Credit and Security Agreement and the related Exchange Note Supplement,
(ii) with respect to the Servicer, but not as to any applicable Successor Servicer, the termination of the Servicer as Servicer hereunder in accordance with the terms of this Agreement (completely or with regard to any of (A) the
Servicer’s obligation to cause the assignment of Lease Agreements, Leased Vehicles and related Trust Assets to the Titling Trust or (B) the Servicer’s servicing obligations with regard to one or more Pools) or (iii) the mutual
written determination of the parties hereto (completely or in any part as set forth in clause (ii) above). Upon any termination of the Servicer’s servicing obligations hereunder with regard to any Pool, upon payment of all amounts due to
the Servicer hereunder with respect to such Pool (including related accrued Servicing Fees (to the extent payable from Trust Assets) and additional servicing compensation payable in respect of such Pool and reimbursement of any advances), the
Servicer shall pay to or upon the order of the Titling Trust or any other Person entitled thereto all monies held by the Servicer on behalf of the Titling Trust or the Owner Trustee with respect to such Pool. Any termination of the Servicer with
respect to one Pool shall not thereby effect a termination of the Servicer with respect to any other Pool in existence at the time of such termination. 

(b) If the rights of the Servicer are terminated hereunder with regard to any Pool, the Servicer shall, upon demand of the Titling Trust ,
deliver to the Titling Trust or the applicable Successor Servicer copies of all books and records necessary for the servicing of the related Lease Agreements and Leased Vehicles, all monies collected by it and required to be deposited in any Trust
Account or other account relating to the Pool (including the transfer of applicable Security Deposits being held by the Servicer), and any related Leased Vehicle in its possession that has been repossessed or recovered and is part of Matured Vehicle
Inventory and in either case has not yet been sold or otherwise disposed of pursuant to this Agreement. In addition, the Servicer shall use commercially reasonable efforts to effect the orderly and efficient transfer of the servicing of the
applicable Lease Agreements to the Successor Servicer. As promptly as practicable, the Servicer shall provide to the Successor Servicer a current computer tape containing all information required for the servicing of such Lease Agreements, together
with documentation containing any and all information necessary for use of such computer tape. 
 SECTION 6.2. Amendment. 

(a) Subject to Section 6.2(b), this Agreement may be amended as it relates to (i) the Lending Facility Pool, by written agreement
among the Titling Trust, the Settlor, the Servicer and the Lender and (ii) any Designated Pool, by one or more Servicing Supplements among the Titling Trust, the Settlor, the Collateral Agent, the Servicer, the related Exchange Noteholder and
any additional Persons required by the related Servicing Supplement; provided, that to the extent an amendment pursuant to clause (i) materially adversely affects the interests of any Exchange Noteholder, the prior written consent of
such Exchange Noteholder must be obtained. A Servicing Supplement may provide, among other things, for further specific servicing obligations with respect to the related Pool. Such Servicing Supplements may permit the termination of this Agreement
insofar as it applies to the related Pool, upon the terms and conditions set forth therein; provided, that no Servicing Supplement shall be effective to authorize or effect the termination of this Agreement insofar as it relates to the
Lending Facility Pool or any other Designated Pool. 

  
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 (b) This Agreement may be amended at any time by the Settlor, the Titling Trust, the
Collateral Agent and the Servicer, without the consent of any Secured Party, (i) to (A) cure any ambiguity, (B) correct or supplement any provision herein that may be inconsistent with any other provision herein, (C) add any provision
that provides additional rights to the Holders or (D) ensure that the Titling Trust is not classified as an association (or a publicly traded partnership) taxable as a corporation for federal income tax purposes, as evidenced by an Opinion of
Counsel; provided, in each case, that such amendment will not, in the good faith judgment of the parties thereto, materially and adversely affect the interest of any Secured Party or (ii) for any other purpose; provided, that an
Opinion of Counsel is delivered to the Owner Trustee and the Collateral Agent to the effect that such amendment or supplement will not materially and adversely affect the interest of any Secured Party. 

SECTION 6.3. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

SECTION 6.4. Relationship of this Agreement to Other Titling Trust Documents. Unless the context otherwise requires, this Agreement and
the other Titling Trust Documents shall be interpreted so as to give full effect to all provisions hereof and thereof. In the event of any actual conflict between the provisions of this Agreement and (a) the Titling Trust Agreement, with
respect to the servicing of any Trust Assets, the provisions of this Agreement shall prevail and (b) any Servicing Supplement with respect to the servicing of any Related Trust Assets, the provisions of such Servicing Supplement shall control
with respect to the related Pool. 
 SECTION 6.5. Notices. All demands, notices, directions, requests and communications hereunder
shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or facsimile transmission, and addressed in each case as follows: (a) if to
the Servicer, at AmeriCredit Financial Services, Inc., 
 801 Cherry Street, Suite 3500, Fort Worth, Texas 76102, Attention: Chief Financial Officer,
(b) if to the Titling Trust, in care of Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001 Attention: Corporate Trust Administration; Facsimile: (302)
636-4140, with a copy to the Servicer and the Settlor, (c) if to the Settlor, in care of Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-0001 Attention: Corporate Trust
Administration; Facsimile: (302) 636-4140, with a copy to the Servicer, or (d) with respect to any of the foregoing Persons, at such other address as shall be designated by such Person in a written notice
to the other parties hereto. Delivery shall occur only upon receipt or rejected tender of such communication by an officer of the recipient entitled to receive such notices located at the address or telecopier number of such recipient for notices
hereunder. 
 SECTION 6.6. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this
Agreement or any Servicing Supplement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement or
such Servicing Supplement, as supplemented or amended, and shall in no way affect the validity or enforceability of the other covenants, agreements, provisions and terms of this Agreement or any Servicing Supplement. 

  
 31 

 SECTION 6.7. Binding Effect. The provisions of this Agreement shall be binding upon
and inure to the benefit of the parties hereto and their permitted successors and assigns. 
 SECTION 6.8. Table of Contents and
Headings. The Table of Contents and Article and Section headings herein are for convenience of reference only and shall not define or limit any of the terms or provisions hereof. 

SECTION 6.9. Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed and delivered shall
be deemed to be an original, regardless of whether delivered in physical or electronic form, but all of which counterparts shall together constitute but one and the same instrument. 

SECTION 6.10. Further Assurances. Each party shall take such acts, and execute and deliver to any other party such additional documents
or instruments as may be reasonably requested in order to effect the purposes of this Agreement and to better assure and confirm unto the requesting party its rights, powers and remedies hereunder. 

SECTION 6.11. Third-Party Beneficiaries. Each Secured Party, the Administrative Agent and the Collateral Agent shall be third party
beneficiaries of this Agreement. Any Person designated as a third party beneficiary in a Servicing Supplement shall be third-party beneficiaries of this Agreement as supplemented by such Servicing Supplement. Except as otherwise provided in this
Agreement or a Servicing Supplement, no other Person shall have any rights hereunder. 
 SECTION 6.12. No Waiver; Cumulative
Remedies. No failure to exercise and no delay in exercising, on the part of any party hereto, any right, remedy, power or privilege under this Agreement or any Servicing Supplement 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 provided in this Agreement
and any Servicing Supplement are cumulative and not exhaustive of any rights, remedies, powers or privileges provided at law, in equity or otherwise. 

SECTION 6.13. No Petition. Each of the parties hereto covenants and agrees that prior to the date that is one year and one (1) day
after the date on which all obligations under each Transaction have been paid in full, it will not institute against, or join any other Person in instituting against the Titling Trust or the Settlor any bankruptcy, reorganization, arrangement,
insolvency or liquidation Proceeding or other Proceeding under any Insolvency Law. This Section shall survive the complete or partial termination of this Agreement or the complete or partial resignation or removal of the Servicer. 

  
 32 

 SECTION 6.14. Series Liabilities. It is expressly understood and agreed by the
Servicer, and all persons claiming through the Servicer, that the Trust Assets that are allocated to the Lending Facility Pool are intended to support only the Lending Facility and that the Trust Assets that are allocated to each Designated Pool are
intended to support only the related Exchange Note and that the related Secured Parties have expressly agreed to such allocations in the Credit and Security Agreement and the respective Exchange Note Supplements. As such, separate and distinct
records shall be maintained by the Servicer for the Lending Facility Pool and each Designated Pool and the Trust Assets associated with the Lending Facility Pool and each Designated Pool shall be held and accounted for separately from any other
assets of the Titling Trust. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Lending Facility and each Exchange Note shall be enforceable against the Lending Facility Pool or the
related Designated Pool only, and not against the Trust Assets generally or the assets of any other Designated Pool. 
 SECTION 6.15.
Termination of Like Kind Exchanges. If AmeriCredit is terminated as Servicer for any reason under this Agreement, the provisions hereof relating to the reallocation of Leased Vehicles pursuant to Like Kind Exchanges shall be of no further
force or effect and the Successor Servicer shall not be permitted to effect any such Like Kind Exchanges. 
 SECTION 6.16. Limitation of
Liability. 
 (a) It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by
Wilmington Trust Company, not individually or personally but solely as Trustee of the Titling Trust and as owner trustee of APGO, in the exercise of the powers and authority conferred and vested in it under the Titling Trust Agreement and the
Settlor Trust Agreement, as applicable, (ii) each of the representations, undertakings and agreements herein made on the part of the Titling Trust and APGO is made and intended not as personal representations, undertakings and agreements by
Wilmington Trust Company but is made and intended for the purpose of binding only the Titling Trust and APGO, (iii) nothing herein contained shall be construed as creating any liability on Wilmington Trust Company, individually or personally,
to perform any covenant either express or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and any Person claiming by, through or under the parties hereto, (iv) Wilmington Trust Company has made
no investigation as to the accuracy or completeness of any representations or warranties made by the Titling Trust or APGO in this Agreement and (v) under no circumstances shall Wilmington Trust Company be personally liable for the payment of
any indebtedness or expenses of the Titling Trust or APGO or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Titling Trust or APGO under this Agreement or the other related
documents. 
 (b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by Wells Fargo
Bank, National Association, not in its individual capacity but solely as Collateral Agent for the benefit of the Secured Parties and in no event shall Wells Fargo Bank, National Association, have any liability for the representations, warranties,
covenants, agreements or other obligations of the Titling Trust or APGO hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. 

SECTION 6.17. Submission to Jurisdiction; Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally: 

  
 33 

 (a) submits for itself and its property in any legal action relating to this Agreement, the
Basic Documents or any other documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts
of the United States of America for the Southern District of New York and appellate courts from any thereof; 
 (b) consents that any such
action may be brought in such courts and waives any objection that it may now or hereafter have to the venue of such action in any such court or that such action was brought in an inconvenient court and agrees not to plead or claim the same; and

 (c) 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, the Basic Documents or the transactions contemplated hereby. 
 SECTION 6.18. No Partnership or Joint Venture.
Nothing contained in this Agreement (a) shall constitute the Servicer and any of the Titling Trust, the Administrative Agent, the Collateral Agent or the Owner Trustee as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (b) shall be construed to impose any liability as such on any of them or (c) shall be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or
liability on behalf of the others. 
 [Remainder of Page Intentionally Left Blank] 

  
 34 

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

			
	ACAR LEASING LTD.,
	    As Titling Trust
		
	By:	 	WILMINGTON TRUST COMPANY,
		 	not in its individual capacity, but solely as Owner Trustee
		
	By:	 	 /s/ Clarice Wright

		 	Name: Clarice Wright
		 	Title: Assistant Vice President
	
	 AMERICREDIT FINANCIAL SERVICES, INC.,

    as Servicer

		
	By:	 	 /s/ Sheli Fitzgerald

		 	Name: Sheli Fitzgerald
		 	Title: Senior Vice President, Corporate Treasury
	
	 APGO TRUST,

    as Settlor

		
	By:	 	WILMINGTON TRUST COMPANY,
		 	not in its individual capacity but solely as Owner Trustee
		
	By:	 	 /s/ Clarice Wright

		 	Name: Clarice Wright
		 	Title: Assistant Vice President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Collateral Agent
		
	By:	 	 /s/ Cheryl Zimmerman

		 	Name: Cheryl Zimmerman
		 	Title: Vice President

 [Signature Page to the Third Amended and Restated Servicing Agreement] 

 EXHIBIT A 

POWER OF ATTORNEY 
 STATE OF DELAWARE
                ) 

                          
                                 ) 

COUNTY OF NEW CASTLE          ) 

KNOW ALL MEN BY THESE PRESENTS, that ACAR Leasing Ltd., a Delaware statutory trust (the “Trust”), does hereby make,
constitute and appoint AmeriCredit Financial Services, Inc., and its agents, employees and attorneys, as Attorneys-in-Fact, with full power of substitution, to execute,
deliver and file on behalf of the Trust all such documents, reports, filings, instruments, certificates and opinions and to apply for and obtain all licenses, qualifications to do business and other approvals as may be necessary or appropriate to
qualify the Trust in accordance with applicable law to acquire, lease and dispose of motor vehicles in any jurisdiction, to initiate, defend, submit to arbitration, commence or settle legal actions related to leases and the motor vehicles leased
thereunder and to engage in any related activities, including, without limitation, to appear for and represent the Trust in connection with such activity, and with full power to perform any and all acts associated with such activity that the Trust
could perform. 
 EXECUTED this        th day of
                , 20        . 
  

			
	ACAR LEASING LTD.
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee, Administrative Trustee and Delaware Trustee
		
	By:	 	  

		 	Name:
		 	Title:

 Before me, the undersigned authority, on this day personally appeared
                , known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she signed the same for the purposes
and considerations therein expressed. 
 Sworn to before me this         th day of
                                , 20        .

 Notary Public -State of
                             
  

  
 A-1EX-10.4

 EXHIBIT 10.4 

 
  

ACAR LEASING LTD., 
 as the Titling
Trust, 
 GM FINANCIAL, 
 as
Servicer, 
 APGO TRUST, as Settlor, 

[COLLATERAL AGENT], 
 as Collateral
Agent 
 and 
 [INDENTURE
TRUSTEE], 
 as Indenture Trustee 
  

                       
                                         
                                         
                                         
                                         
                              

20    -     SERVICING SUPPLEMENT 

Dated as of             , 20     

 

                        
                                         
                                         
                                         
                                         
                             
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INTERPRETIVE PROVISIONS
	  	 	1	 
			
	 SECTION 1.1.
	 	 General Definitions
	  	 	1	 
		
	 ARTICLE II SERVICING OF
20    -     DESIGNATED POOL
	  	 	2	 
			
	 SECTION 2.1.
	 	Servicing of 20    -     Designated Pool	  	 	2	 
	 SECTION 2.2.
	 	Identification of 20    -     Lease Agreements and 20    -     Leased Vehicles; Securitization Value	  	 	2	 
	 SECTION 2.3.
	 	Accounts	  	 	2	 
	 SECTION 2.4.
	 	General Provisions Regarding Accounts	  	 	5	 
	 SECTION 2.5.
	 	Reallocation and Repurchase of 20    -     Lease Agreements and 20    -     Leased Vehicles; Purchase of Matured
Vehicles	  	 	7	 
	 SECTION 2.6.
	 	20    -     Designated Pool Collections	  	 	9	 
	 SECTION 2.7.
	 	Servicing Compensation; Expenses	  	 	9	 
	 SECTION 2.8.
	 	Third Party Claims	  	 	9	 
	 SECTION 2.9.
	 	Reporting by the Servicer; Delivery of Certain Documentation; Inspection	  	 	9	 
	 SECTION 2.10.
	 	Annual Independent Accountant’s Report	  	 	11	 
	 SECTION 2.11.
	 	Servicer Defaults; Termination of the Servicer	  	 	12	 
	 SECTION 2.12.
	 	Representations and Warranties	  	 	14	 
	 SECTION 2.13.
	 	Custody of Lease Documents	  	 	14	 
	 SECTION 2.14.
	 	Reserve Account	  	 	15	 
	 SECTION 2.15.
	 	Liability of Successor Servicer	  	 	15	 
	 SECTION 2.16.
	 	Merger or Consolidation of, or Assumption of Obligations of the Servicer	  	 	16	 
	 SECTION 2.17.
	 	Resignation of the Servicer	  	 	16	 
	 SECTION 2.18.
	 	Separate Existence	  	 	16	 
	 SECTION 2.19.
	 	Like Kind Exchange Program; Pull Ahead Program	  	 	17	 
	 SECTION 2.20.
	 	Dispute Resolution	  	 	18	 
		
	 ARTICLE III MISCELLANEOUS
	  	 	21	 
			
	 SECTION 3.1.
	 	Termination of 20    -     Servicing Supplement	  	 	21	 
	 SECTION 3.2.
	 	Amendment	  	 	21	 
	 SECTION 3.3.
	 	GOVERNING LAW	  	 	21	 
	 SECTION 3.4.
	 	Relationship of 20    -     Servicing Supplement to Other Trust Documents	  	 	21	 
	 SECTION 3.5.
	 	[Reserved]	  	 	22	 
	 SECTION 3.6.
	 	Notices	  	 	22	 
	 SECTION 3.7.
	 	Severability of Provisions	  	 	22	 
	 SECTION 3.8.
	 	Binding Effect	  	 	22	 

  
 i 

							
	 SECTION 3.9.
	 	 Table of Contents and Headings
	  	 	22	 
	 SECTION 3.10.
	 	 Counterparts and Consent to Do Business Electronically
	  	 	22	 
	 SECTION 3.11.
	 	 Further Assurances
	  	 	23	 
	 SECTION 3.12.
	 	 Third-Party Beneficiaries
	  	 	23	 
	 SECTION 3.13.
	 	 No Petition
	  	 	23	 
	 SECTION 3.14.
	 	 Limitation of Liability
	  	 	23	 
	 SECTION 3.15.
	 	 Preparation of Securities and Exchange Commission Filings
	  	 	23	 
	 SECTION 3.16.
	 	 Review Reports
	  	 	24	 
	 SECTION 3.17.
	 	 Regulation RR Risk Retention
	  	 	24	 

  

					
	 EXHIBITS
	  			
		
	 Exhibit A – Form of Servicer Report
	  	 	A-1	 

  
 ii 

 20    -     SERVICING
SUPPLEMENT, dated as of             , 20     (as the same may be amended, restated, supplemented or otherwise modified from time to time, this
“20    -     Servicing Supplement” or this “Agreement”), among ACAR Leasing Ltd., a Delaware statutory trust (the “Titling Trust”), AmeriCredit Financial
Services, Inc. d/b/a GM Financial, a Delaware corporation (“GM Financial”), as servicer (in such capacity, the “Servicer”), APGO Trust (“APGO”), a Delaware statutory trust, as settlor of the Titling
Trust (in such capacity, the “Settlor”), and [Collateral Agent] (in such capacity, the “Collateral Agent”) and [Indenture Trustee], a
                    , as indenture trustee (the “Indenture Trustee”). 

RECITALS 

WHEREAS, pursuant to an Amended and Restated Trust Agreement, dated as of January 31, 2011 (the “Titling Trust
Agreement”), between the Settlor and [Owner Trustee], as Owner Trustee (the “Owner Trustee”), Administrative Trustee and Delaware Trustee, the Titling Trust was created to, among other things, take assignments and
conveyances of and hold in trust various assets (the “Trust Assets”); 
 WHEREAS, the Titling Trust, the
Servicer, the Settlor and the Collateral Agent, have entered into a Third Amended and Restated Servicing Agreement, dated as of January 24, 2018 (as the same may be further amended, restated, supplemented or otherwise modified from time to
time, the “Basic Servicing Agreement”), which provides for, among other things, the servicing of the Trust Assets by the Servicer; and 

WHEREAS, the parties hereto acknowledge that in connection with the execution of the
20    -     Exchange Note Supplement, dated as of             , 20     (as the same may be amended,
restated, supplemented or otherwise modified from time to time, the “20    -     Exchange Note Supplement”) to the Second Amended and Restated Credit and Security Agreement, dated as of
January 24, 2018 (as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit and Security Agreement”), each among the Titling Trust, as borrower, GM Financial, as lender and
Servicer, and [Administrative Agent], as Administrative Agent and Collateral Agent, pursuant to which an Exchange Note (the “20    -     Exchange Note”) will be created, it is necessary and
desirable to enter into a supplement to the Basic Servicing Agreement to provide for, among other things, the servicing of the Trust Assets allocated to the 20    -     Designated Pool. 

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

DEFINITIONS AND INTERPRETIVE PROVISIONS 

SECTION 1.1.    General Definitions. Capitalized terms used in this
20    -     Servicing Supplement that are not otherwise defined herein shall have the meanings assigned to them in Appendix 1 to the
20    -     Exchange Note Supplement or, if not defined therein, in Appendix A to the Credit and Security Agreement. The “Other Definitional Provisions” set forth in Section 

 
1.2 of the Basic Servicing Agreement are incorporated by reference into this 20    -     Servicing Supplement. 

ARTICLE II 
 SERVICING OF
20    -     DESIGNATED POOL 
 SECTION
2.1.    Servicing of 20    -     Designated Pool. The parties hereto agree that the Servicer shall service, administer and make collections on the
20    -     Designated Pool in accordance with the terms and provisions of the Basic Servicing Agreement, as amended and supplemented by the terms and provisions of this
20    -     Servicing Supplement. 
 SECTION
2.2.    Identification of 20    -     Lease Agreements and 20    -     Leased Vehicles; Securitization Value. 

(a)    On the 20    -     Closing Date, the Servicer
shall identify as 20    -     Exchange Note Assets the Lease Agreements and the Leased Vehicles relating to such Lease Agreements listed on the Schedule of
20    -     Lease Agreements and 20    -     Leased Vehicles attached as Schedule A to the
20    -     Exchange Note Supplement. The Servicer shall calculate the Securitization Value for each 20    -     Lease Agreement as of the
[initial] Cutoff Date. 
 [(b)    From time to time on any Payment Date during the [Revolving Period]/[Pre-Funding Period], the Servicer may identify as 20    -     Exchange Note Assets the Lease Agreements and the Leased Vehicles relating to such Lease
Agreements listed on the Schedule of 20    -     Lease Agreements and 20    -     Leased Vehicles attached as Schedule A to an Addition
Notice and cause those Lease Agreements and the related Leased Vehicles to be allocated to the 20    -     Designated Pool (each, an “Allocation”). The Servicer shall calculate
the Securitization Value for each such Lease Agreement and the Leased Vehicle related thereto and the allocation of such Lease Agreements and Lease Vehicles to the 20    -     Designated Pool
shall be conditioned upon delivery to the Servicer from the [Revolving Account]/[Pre-Funding Account] of an amount equal to the product of (i)     % times (ii) the
aggregate Securitization Value for all such Lease Agreements and related Leased Vehicles (each, an “Allocation Price”). The Indenture Trustee is authorized to withdraw the related Allocation Price from the [Revolving Account]/[Pre-Funding Account] on the related Allocation Date and shall deliver such amounts to, or at the direction of, the Servicer.] 

SECTION 2.3.    Accounts. 

(a)      The Indenture Trustee shall establish and maintain, at all times during the term of the
Indenture, a 20    -     Eligible Deposit Account in the name of and under the control of the Indenture Trustee for the benefit of the Noteholders (said account being called the
“20    -     Exchange Note Collections Account” and being initially identified as “GM Financial 20    -     Exchange Note Collections
Account”). Deposits to and withdrawals from the 20    -     Exchange Note Collections Account shall be made as set forth in the
20    -     Servicing Agreement, the 20    -     Exchange Note Supplement and the Indenture. 

(b)      The Indenture Trustee shall establish and maintain, at all times during the term of the
Indenture, a 20    -     Eligible Deposit Account in the name of and under the control of the Indenture Trustee for the benefit of the Noteholders (said account being called the
“Indenture  

  
 2 

 
Collections Account” and being initially identified as “GM Financial 20    -     Indenture Collections Account”).
Deposits to and withdrawals from the 20    -     Indenture Collections Account shall be made as set forth in the 20    -     Exchange Note
Supplement and the Indenture. 
 (c)      The Indenture Trustee shall establish and maintain,
at all times during the term of the Indenture, a 20    -     Eligible Deposit Account in the name of and under the control of the Indenture Trustee for the benefit of the Noteholders (said
account being called the “Note Payment Account” and being initially identified as “GM Financial 20    -     Note Payment Account”). Deposits to and withdrawals from the
Note Payment Account shall be made as set forth in the Indenture[ and the Note Purchase Agreement]. 

(d)      The Indenture Trustee shall establish and maintain, at all times during the term of the
Indenture, a 20    -     Eligible Deposit Account in the name of and under control of the Indenture Trustee for the benefit of the Noteholders (said account being called the “Reserve
Account” and being initially identified as “GM Financial 20    -     Reserve Account”). 

(e)      [Upon receipt by the Issuer of a Swap Termination Payment, the Indenture Trustee, on
behalf of the Noteholders, shall establish and maintain a 20    -     Eligible Deposit Account (the “Swap Termination Account”), bearing a designation clearly indicating that
funds deposited therein are held for the benefit of the Indenture Trustee on behalf of the Noteholders.] 

(f)      [The Indenture Trustee shall establish and maintain, at all times during the Revolving
Period, a 20    -     Eligible Deposit Account in the name of and under control of the Indenture Trustee for the benefit of the Noteholders (said account being called the “Revolving
Account” and being initially identified as “GM Financial 20    -     Revolving Account”.] 

(g)      [The Indenture Trustee shall establish and maintain, at all times during the Pre-Funding Period, a 20    -     Eligible Deposit Account in the name of and under control of the Indenture Trustee for the benefit of the Noteholders (said
account being called the “Pre-Funding Account” and being initially identified as “GM Financial 20    -     Pre-Funding Account”.] 
 (h)      All monies deposited
from time to time in the Accounts pursuant to this 20    -     Servicing Supplement and the other Program Documents and the Accounts shall be held by the Indenture Trustee as part of the
Indenture Collateral and shall be applied to the purposes herein and therein provided. If any Account shall cease to be a 20    -     Eligible Deposit Account, the Indenture Trustee shall, as
necessary, assist the Servicer in causing such Account to be moved to an institution at which it shall be a 20    -     Eligible Deposit Account. 

(i)      If, at any time, any of the Accounts ceases to be a
20    -     Eligible Deposit Account, the Servicer shall within thirty (30) days (or such longer period as to which the Rating Agencies rating any securities backed by the related Exchange
Note may consent) establish a new Account as a 20    -     Eligible Deposit Account and shall transfer any cash and/or any investments on deposit or credited to such earlier existing Account into
such new Account. 
 (j)      The Indenture Trustee or other Person holding the Accounts shall
be the “Securities Intermediary” with respect to the Accounts. If the Securities Intermediary in respect of the Accounts is not the Indenture Trustee, the Servicer shall obtain the express agreement of

  
 3 

 
such Person to the obligations of the Securities Intermediary set forth in this Section 2.3[(g)]/[(h)]. The Securities Intermediary agrees that: 

(i)        Each of the Accounts is an account to which “financial
assets” within the meaning of Section 8-102(a)(9) (“Financial Assets”) of the UCC in effect in the State of New York will be credited; 

(ii)       All securities or other property underlying any Financial Assets
credited to any Account shall be registered in the name of the Securities Intermediary, endorsed to the Securities Intermediary or in blank or credited to another securities account maintained in the name of the Securities Intermediary and in no
case will any Financial Asset credited to an Account be registered in the name of the Issuer, payable to the order of the Issuer or specially endorsed to the Issuer; 

(iii)      All property delivered to the Securities Intermediary pursuant to the
20    -     Servicing Agreement and the Indenture will be promptly credited to the applicable Account; 

(iv)      Each item of property (whether investment property, security,
instrument or cash) credited to an Account shall be treated as a Financial Asset; 

(v)       If at any time the Securities Intermediary shall receive any
order from the Indenture Trustee directing transfer or redemption of any Financial Asset relating to an Account, the Securities Intermediary shall comply with such entitlement order without further consent by the Issuer or the Servicer; 

(vi)      Each Account shall be governed by the laws of the State of New York,
regardless of any provision of any other agreement. For purposes of the UCC, New York shall be deemed to be the Securities Intermediary’s jurisdiction and the Accounts (as well as the “securities entitlements” (as defined in Section 8-102(a)(17) of the UCC) related thereto) shall be governed by the laws of the State of New York; 

(vii)     The Securities Intermediary has not entered into, and until termination of
the Indenture, will not enter into, any agreement with any other Person relating to the Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with entitlement orders (as defined in Section 8-102(a)(8) of the UCC) of such other Person and the Securities Intermediary has not entered into, and until the termination of the Indenture will not enter into, any agreement with the Issuer
purporting to limit or condition the obligation of the Securities Intermediary to comply with entitlement orders as set forth in Section 2.4; and 

(viii)    Except for the claims and interest of the Indenture Trustee and the Issuer in
the Accounts, the Securities Intermediary knows of no claim to, or interest in, the Accounts or in any Financial Asset credited thereto. If any other Person asserts any Lien, encumbrance, or adverse claim (including any writ, garnishment, judgment,
warrant of attachment, execution or similar process) against the Accounts or in any Financial Asset carried therein, the Securities Intermediary will promptly notify the Indenture Trustee, the Noteholders and the Issuer thereof. 

  
 4 

 The Indenture Trustee shall possess all right, title and interest in all
funds on deposit from time to time in the Accounts and in all proceeds thereof, and shall be the only Person authorized to originate entitlement orders in respect of the Accounts. 

(k)      [The Collateral Agent acknowledges that, pursuant to the provisions of the Swap
Agreement, the Swap Provider may be required to post collateral with the Collateral Agent to secure the Swap Provider’s obligations under the Swap Agreement. The Collateral Agent agrees to establish and maintain an Eligible Deposit Account (the
“Swap Account”) to hold such collateral, at the direction of the Servicer or the Controlling Swap Party if the Swap Provider is required to post Collateral to secure the obligations under the Swap Agreement. The Collateral Agent
further agrees to follow such written instructions relating to the administration of, and transfers from such account, as may be delivered by (i) the Servicer (with the consent of the Controlling Swap Party) or (ii) the Controlling Swap
Party, in each case subject to and in accordance with the terms of the Swap Agreement.] 

(l)      [To the extent that (i) the funds available in the Swap Termination Account exceed
the costs of entering into a Replacement Swap Agreement, or (ii) the Issuer determines not to replace the Swap Agreement and the Rating Agency Condition is met with respect to such determination, the amounts in the Swap Termination Account
(other than funds used to pay the costs of entering into a Replacement Swap Agreement, if applicable) shall be included in Available Funds and allocated in accordance with the priorities set forth in Section 8.3(a) of the Indenture on the
following Distribution Date. In any other situation, amounts on deposit in the Swap Termination Account at any time shall be invested pursuant to Section 2.4(a) and on each Distribution Date after the creation of a Swap Termination Account, the
funds therein shall be used to cover any shortfalls in the amounts payable under clauses (    ) through (    ) of Section 8.3(a) of the Indenture, provided that in no event will the amount
withdrawn from the Swap Termination Account on such Distribution Date exceed the amount of net swap payments that would have been required to be paid on such Distribution Date under the terminated Swap Agreement had there been no termination of such
transaction. Any amounts remaining in the Swap Termination Account after payment in full of the Class A-2-B Notes shall be included in Available Funds and allocated
in accordance with the order of priority specified in Section 8.3(a) of the Indenture on the following Distribution Date.] 

SECTION 2.4.    General Provisions Regarding Accounts. 

(a)      So long as no Event of Default shall have occurred and be continuing, all or a portion
of the funds in the 20    -     Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account [, the Swap Termination Account] [, the Pre-Funding Account] [, the Revolving Account] and the Reserve Account shall be invested at the direction of the Servicer in 20    -     Permitted Investments
that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the
20    -     Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the
20    -     Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments
shall be charged to 20    -     Exchange Note Collections Account, the Indenture Collections Account or the Reserve 

  
 5 

 
Account, as applicable. The Titling Trust will be the tax owner of the 20    -     Exchange Note Collections Account and all investment
earnings on the 20    -     Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust
Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if
there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust
Certificateholder, as the case may be. 
 The Indenture Trustee will not be directed to make any investment of any funds or
to sell any 20    -     Permitted Investment held in the 20    -     Exchange Note Collections Account, the Indenture Collections Account and
the Reserve Account unless the security interest Granted and perfected in the 20    -     Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will
continue to be perfected in such 20    -     Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser
after the occurrence and during the continuance of an Event of Default, no such 20    -     Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written
request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be
provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no
activity has occurred in the relevant Account during such period. 
 (b)      If (i) the
Servicer shall have failed to give investment directions for funds on deposit in the 20    -     Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account to
the Indenture Trustee by 12:00 noon, New York City time (or such other time as may be agreed by the Indenture Trustee), on any Business Day, (ii) an Event of Default shall have occurred and be continuing but the Notes shall not have been
declared due and payable pursuant to Section 5.2 of the Indenture, or (iii) if the Notes shall have been declared due and payable following an Event of Default but amounts collected or receivable from the Issuer Trust Estate are being
applied as if there had not been such a declaration, then the Indenture Trustee shall hold funds on deposit in the 20    -     Exchange Note Collections Account, the Indenture Collections Account
and the Reserve Account uninvested. 
 (c)      Subject to Section 6.1(c) of the
Indenture, the Indenture Trustee shall not in any way be held liable by reason of any insufficiency in the 20    -     Exchange Note Collections Account, the Indenture Collections Account and the
Reserve Account resulting from any loss on any 20    -     Permitted Investment included therein except for losses attributable to the Indenture Trustee as obligor as a result of the Indenture
Trustee’s failure to make payments on such 20    -     Permitted Investments issued by the Indenture Trustee, in its commercial capacity as principal obligor and not as trustee, in
accordance with their terms. 
 (d)      [Net payments received from the Swap Provider, if
any, shall be deposited by the Collateral Agent in the Collection Account.] 

  
 6 

 SECTION 2.5.    Reallocation and Repurchase of
20    -     Lease Agreements and 20    -     Leased Vehicles; Purchase of Matured Vehicles. 

(a)      In the event the Servicer (i) grants certain payment deferments or end of lease
extensions with respect to any 20    -     Lease Agreement that are inconsistent with the Customary Servicing Practices or that extend the term of such
20    -     Lease Agreement past the Exchange Note Final Scheduled Payment Date, (ii) modifies any 20    -     Lease Agreement to change
the related Contract Residual Value or Monthly Payment, or (iii) is notified the Titling Trust no longer owns any 20    -     Leased Vehicle, except to the extent that any such modification
listed in clauses (i) and (ii) of this Section 2.5(a) is required by law or court order, the Servicer shall, on the Deposit Date related to the Collection Period in which such extension was granted, modification was made or notice was
received, as applicable, cause the reallocation of the affected 20    -     Lease Agreement and the related 20    -     Leased Vehicle to the
Lending Facility Pool by depositing to the 20    -     Exchange Note Collections Account an amount equal to the Repurchase Payment with respect to such
20    -     Lease Agreement and the related 20    -     Leased Vehicle. 

(b)      Upon (i) discovery by the Servicer, the Depositor or any Noteholder, or
(ii) the receipt of written notice by or actual knowledge of an Authorized Officer of the Owner Trustee or Indenture Trustee, that any representation or warranty contained in Section 2.12 was incorrect in respect of any
20    -     Lease Agreement or the related 20    -     Leased Vehicle as of the [related] Cutoff Date or the
20    -     Closing Date, as applicable, in a manner that materially adversely affects the interest of the Issuer or the Noteholders in such
20    -     Lease Agreement or such 20    -     Leased Vehicle, the entity discovering such incorrectness, (i) in the case such entity
is a Noteholder, may, and (ii) in the case such entity is the Depositor, Owner Trustee or Indenture Trustee, shall, give prompt written notice to the Servicer requesting that the Servicer reallocate the affected
20    -     Lease Agreement and the related 20    -     Leased Vehicle to the Lending Facility Pool; provided, that if the Noteholder
providing such notice is not a Noteholder of record, such Noteholder must provide the Servicer with a written certification stating that it is a beneficial owner of a Note, together with supporting documentation supporting that statement (which may
include, but is not limited to, a trade confirmation, an account statement or a letter from a broker or dealer verifying ownership) together with such notice. If Noteholders representing [five] percent or more of the Outstanding Amount of the [most
senior Class of] Notes inform the Indenture Trustee, by notice in writing, of any breach of the Servicer’s representations and warranties made pursuant to Section 2.12(c), the Indenture Trustee shall inform the Servicer in the manner
specified in the preceding sentence on behalf of such Noteholders. By no later than the end of the Collection Period including the date that is two (2) months after the date on which the Servicer discovers or is notified of such incorrectness,
the Servicer shall cure in all material respects the circumstance or condition with respect to which the representation or warranty was incorrect as of the [related] Cutoff Date or the
20    -     Closing Date, as applicable. If the Servicer does not cure such circumstance or condition by such date, then the Servicer shall cause the reallocation of the affected
20    -     Lease Agreement and the related 20    -     Leased Vehicle to the Lending Facility Pool by depositing to the
20    -     Exchange Note Collections Account on the Deposit Date relating to the next succeeding Payment Date an amount equal to the Repurchase Payment with respect to such
20    -     Lease Agreement and the related 20    -     Leased Vehicle. The Indenture Trustee will (i) notify the Servicer, GM Financial
and the Depositor, as soon as practicable and in any event within five (5) 

  
 7 

 
Business Days and in the manner set forth for providing notices hereunder, of all demands or requests communicated (in writing or orally) to the Indenture Trustee for the reallocation of any
20    -     Lease Agreement and the related 20    -     Leased Vehicle pursuant to this clause (b), (ii) promptly upon request by the
Servicer, GM Financial or the Depositor, provide to them any other information reasonably requested to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act and Items 1104(e) and 1121(c) of
Regulation AB, and (iii) if requested by the Servicer, GM Financial or the Depositor, provide a written certification no later than fifteen (15) days following any calendar quarter or calendar year that the Indenture Trustee has not
received any reallocation demands for such period, or if reallocation demands have been received during such period, that the Indenture Trustee has provided all the information reasonably requested under clause (ii) above with respect to such
demands. In no event will the Indenture Trustee or the Issuer have any responsibility or liability in connection with any filing required to be made by a securitizer under the Exchange Act or Regulation AB. 

(c)      Notwithstanding the provisions of Section 2.6(b) of the Basic Servicing Agreement,
if the Servicer discovers a breach, or is provided with any notice of a breach pursuant to such section, regarding a Lease Agreement or Leased Vehicle that is a 20    -     Lease Agreement or
20    -     Leased Vehicle on the date that such breach is discovered or such notice is provided, the Servicer shall be obligated to take the actions described in such Section 2.6(b) by no
later than the Payment Date following the Collection Period in which the related breach is discovered or the related notice is provided (rather than by the Payment Date following the Collection Period that ends at least thirty (30) days after
the Servicer discovers or is notified of such breach). 
 (d)      The Servicer shall provide
written notice to the Indenture Trustee and the Noteholders of each reallocation to the Lending Facility Pool of a 20    -     Lease Agreement and the related
20    -     Leased Vehicle pursuant to Section 2.5(a) or (b) that was made during a Collection Period in the Servicer Report that is delivered for such Collection Period. 

(e)      The Servicer may purchase any
20    -     Leased Vehicle that becomes a Matured Vehicle pursuant to Section 2.6(f) of the Basic Servicing Agreement for a purchase price equal to the Contract Residual Value of the related
20    -     Lease Agreement. 

(f)      The obligation of the Servicer under this Section 2.5 shall survive any
termination of the Servicer hereunder. 
 (g)      For so long as the Notes are Outstanding,
the Servicer will not be permitted to reallocate any 20    -     Lease Agreements and related 20    -     Leased Vehicles from the
20    -     Designated Pool to the Lending Facility Pool except in accordance with the terms of this Section 2.5 and Section 3.1 of the
20    -     Exchange Note Supplement. 

(h)      If a Lessee changes its domicile and such change would reasonably be expected to result
in the Titling Trust doing business in a jurisdiction in which it is not licensed and authorized to conduct business in the manner contemplated by the Program Documents, then on the Payment Date related to the Collection Period that ends at least
thirty (30) days after the Servicer discovers or is notified of such change, the Servicer shall purchase such 20    -     Lease Agreement and the related
20    -     Leased Vehicle by either (i) depositing to the Indenture 

  
 8 

 
Collections Account an amount equal to the Repurchase Payment, or (ii) appropriately segregating and designating an amount equal to the Repurchase Payment on its records, pending application
thereof pursuant to 20    -     Servicing Agreement. 
 SECTION
2.6.    20    -     Designated Pool Collections. 

(a)      The Servicer shall, with respect to all
20    -     Designated Pool Collections, from time to time determine the amount of such 20    -     Designated Pool Collections and during
each Collection Period shall deposit all such 20    -     Designated Pool Collections in the 20    -     Exchange Note Collections Account
when required pursuant to clause (b). 
 (b)      Notwithstanding Section 2.7(b) of the
Basic Servicing Agreement, the Servicer shall remit, or shall cause its agent to remit, all 20    -     Designated Pool Collections to the
20    -     Exchange Note Collections Account by the close of business on the second (2nd) Business Day after receipt thereof or, in the case
of any 20    -     Designated Pool Collections received by the Servicer or such agent for which the Servicer or such agent, as applicable, does not have all Payment Information by the close of
business on such second (2nd) Business Day, by the close of business on the day on which all such Payment Information is received. Pending deposit into the
20    -     Exchange Note Collections Account, 20    -     Designated Pool Collections may be employed by the Servicer at its own risk and
for its own benefit and need not be segregated from its own funds. 
 SECTION 2.7.    Servicing
Compensation; Expenses. As compensation for the performance of its obligations under the 20    -     Servicing Agreement, on each Payment Date the Servicer shall be entitled to receive a fee
for its performance during the immediately preceding Collection Period or, with respect to the first Payment Date, the period from and excluding the [initial] Cutoff Date to and including
            , 20     (the “Designated Pool Servicing Fee”) in accordance with Article V of the
20    -     Exchange Note Supplement in an amount equal the sum of (x) to the product of (i) one-twelfth (1/12th) (or, with respect to the first
Payment Date, a fraction equal to the number of days from and excluding the Cutoff Date through and including              , 20    , over 360),
times (ii) the Servicing Fee Rate, times (iii) the Aggregate Securitization Value as of the opening of business on the first day of such Collection Period, plus (y) any Administrative Charges collected on the
20    -     Lease Agreements and 20    -     Leased Vehicles and any other expenses reimbursable to the Servicer. 

SECTION 2.8.    Third Party Claims. In addition to the requirements set forth in Section 2.14
of the Basic Servicing Agreement, upon learning of a Claim or Lien of whatever kind of a third party that would be likely to have a material adverse effect on the interests of the Depositor or the Issuer with respect to the
20    -     Exchange Note Assets, the Servicer shall immediately notify the Depositor, the Indenture Trustee and the Noteholders of any such Claim or Lien. 

SECTION 2.9.    Reporting by the Servicer; Delivery of Certain Documentation; Inspection;
Asset-Level Information. 
 (a)      On each Determination Date, prior to 12:00 p.m.
(Central time), the Issuer shall cause the Servicer to deliver to the Indenture Trustee, [the Swap Provider,] the Titling Trust and 

  
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the Collateral Agent, a Servicer Report with respect to the next Payment Date and the related Collection Period. The Issuer shall also cause the Servicer to deliver a Servicer Report to each
Rating Agency on the same date the Servicer Report is publicly available (provided, that, if the Servicer Report is not made publicly available, the Servicer will deliver it to each Rating Agency, no later than the twenty-second (22nd)
of each month (or if not a Business Day, the next succeeding Business Day)). Solely in the case of the Servicer Report delivered on the first Determination Date, such Servicer Report will contain the disclosure required by Rule 4(c)(1)(ii) of
Regulation RR, 17 C.F.R. §246.1, et seq. (the “Credit Risk Retention Rules”). Notwithstanding Section 3.2(a) of the Basic Servicing Agreement, the Servicer shall deliver such Servicer Reports in accordance with this
Section 2.9 until the date on which the Notes are no longer Outstanding. 
 (b)      In
addition to the report with respect to the 20    -     Exchange Note which the Servicer is obligated to deliver pursuant to Section 3.1(c) of the Basic Servicing Agreement, the Servicer
shall deliver to the Depositor, the Indenture Trustee and the Titling Trust, on or before March 31 (or ninety (90) days after the end of the Servicer’s fiscal year, if other than December 31) of each year, beginning
            , 20    , an Officer’s Certificate, dated as of March 31 (or other applicable date) of such year, stating that (i) a review of
the activities of the Servicer during the preceding twelve (12) month period (or, in the case of the first such Officer’s Certificate, the period from the 20    -     Closing Date to
the date of the first such Officer’s Certificate) and of its performance under the 20    -     Servicing Agreement has been made under such officer’s supervision, and (ii) to such
officer’s knowledge, based on such review, the Servicer has fulfilled all its obligations under the 20    -     Servicing Agreement throughout such period, or, if there has been a default in
the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof. 

(c)      The Servicer will deliver to the Issuer, on or before March 31 of each year,
beginning on March 31, 20    , a report regarding the Servicer’s assessment of compliance with certain minimum servicing criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 

(d)      To the extent required by Regulation AB, the Servicer will cause any affiliated
servicer or any other party deemed to be participating in the servicing function pursuant to Item 1122 of Regulation AB to provide to the Issuer, on or before March 31 of each year, beginning on March 31, 20    ,
a report regarding such party’s assessment of compliance with certain minimum servicing criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 

(e)      Each of [Collateral Agent], in its capacity as Collateral Agent under this
20    -     Servicing Supplement and [Indenture Trustee], in its capacity as Indenture Trustee under the Program Documents, acknowledges that to the extent it is deemed to be participating in the
servicing function pursuant to Item 1122 of Regulation AB, it will take any action reasonably requested by the Servicer to ensure compliance with the requirements of Section 2.9(d) and Section 2.10(b) hereof and with Item 1122 of
Regulation AB. Such required documentation will be delivered to the Servicer by March 15 of each calendar year. 

  
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 (f)      The Servicer shall deliver copies of
all reports, notices and certificates delivered by it pursuant to the 20    -     Servicing Agreement to the Depositor, the Indenture Trustee and the Titling Trust on the date or dates due,
including any notice of material failure given pursuant to Section 2.2(a) of the Basic Servicing Agreement and the Officer’s Certificate relating to the 20    -     Exchange Note
delivered by it pursuant to Section 2.9(b) of this 20    -     Servicing Supplement. 

(g)      On or before the fifteenth (15th) day following each Payment Date, the Servicer will
prepare a Form ABS-EE, including an asset data file and asset-related document containing the asset-level information for each 20    -     Exchange Note
Asset for the prior Collection Period as required by Item 1A of Form 10-D. 

SECTION 2.10.    Annual Independent Accountant’s Report. 

(a)      The Servicer shall cause the cause a firm of nationally recognized independent
certified public accountants (the “Independent Accountants”), who may also render other services to the Servicer or its Affiliates, to deliver to the Indenture Trustee, the Owner Trustee and the Collateral Agent, on or before
March 31 (or 90 days after the end of the Issuer’s fiscal year, if other than December 31) of each year, beginning on March 31, 20    , a report with respect to the preceding calendar year, addressed to the
board of directors of the Servicer, providing its attestation report on the servicing assessment delivered pursuant to Section 2.9(c), including disclosure of any material instance of non-compliance, as
required by Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB. Such attestation will be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act. 

(b)      Each party required to deliver an assessment of compliance described in
Section 2.9(d) shall cause Independent Accountants, who may also render other services to such party or its Affiliates, to deliver to the Indenture Trustee, the Owner Trustee, the Collateral Agent and the Servicer, on or before March 31
(or 90 days after the end of the Issuer’s fiscal year, if other than December 31) of each year, beginning on March 31, 20    , a report with respect to the preceding calendar year, addressed to the board of
directors of such party, providing its attestation report on the servicing assessment delivered pursuant to Section 2.9(d), including disclosure of any material instance of non-compliance, as required by
Rule 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB. Such attestation will be in accordance with Rules
1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act. 

(c)      The Servicer shall cause the Independent Accountants to deliver to the Depositor, the
Indenture Trustee, the Issuer and the Titling Trust, on or before April 30 (or one-hundred and twenty (120) days after the end of the Servicer’s fiscal year, if other than December 31) of each
year, beginning on April 30, 20     with respect to the twelve (12) months ended the immediately preceding December 31 (or other applicable date) (or such other period as shall have elapsed from the
20    -     Closing Date to the date of such certificate (which period shall not be less than six (6) months)), a statement (the “Accountants’ Report”) addressed to the
Board of Directors of the Servicer, to the effect that such firm has audited the books and records of GM Financial, in which the Servicer is included as a consolidated subsidiary, and issued its report thereon in connection with the audit report on
the consolidated financial statements of GM Financial and 

  
 11 

 
that (i) such audit was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as
such firm considered necessary in the circumstances, and (ii) the firm is independent of the Servicer within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants. 

SECTION 2.11.    Servicer Defaults; Termination of the Servicer. 

(a)      Each of the following acts or occurrences constitutes a “Servicer
Default” under the 20    -     Servicing Agreement with respect to the 20    -     Exchange Note: 

(i)       any failure by the Servicer to deposit in the
20    -     Exchange Note Collections Account any required payment, any failure by the Servicer to make or cause the Titling Trust to make any required payments from the
20    -     Exchange Note Collections Account on account of the 20    -     Exchange Note or any failure of the Servicer to make any required
payment under any other Program Document, which failure continues unremedied for a period of five (5) Business Days after the earlier of the date on which (1) notice of such failure is given to the Servicer by the Indenture Trustee, or
(2) an Authorized Officer of the Servicer has actual knowledge of such failure; 

(ii)      any failure by the Servicer duly to observe or to perform any
covenants or agreements of the Servicer set forth in the 20    -     Servicing Agreement or any other Program Document (other than a covenant or agreement a default in the observance or
performance of which is elsewhere in this Section specifically dealt with), which failure shall materially and adversely affects the interests of the 20    -     Secured Parties and shall
continue unremedied for a period of sixty (60) days after written notice of such failure is received by the Servicer from the Indenture Trustee or after discovery of such failure by the Servicer; 

(iii)      any representation or warranty made or deemed made by the Servicer in
the 20    -     Servicing Agreement or in any other Program Document or which is contained in any certificate, document or financial or other statement furnished at any time under or in
connection herewith or therewith shall prove to have been incorrect, and such incorrectness has a material adverse effect on the interests of the 20    -     Secured Parties or the Issuer which
failure, if capable of being cured, has not been cured for a period of sixty (60) days after written notice of such breach is received by the Servicer from the Indenture Trustee or after discovery of such breach by the Servicer; or 

(iv)      an Insolvency Event occurs with respect to the Servicer. 

(b)      Promptly after having obtained knowledge of any Servicer Default, but in no event later
than two (2) Business Days thereafter, the Servicer shall deliver to the Indenture Trustee and the Noteholders, written notice thereof in an Officer’s Certificate, accompanied in each case by a description of the nature of the default and
the efforts of the Servicer to remedy the same. 
 (c)      In addition to the provisions of
Section 4.1(d) of the Basic Servicing Agreement, if a Servicer Default shall have occurred and be continuing with respect to the 20    -     Exchange

  
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Note, the Titling Trust shall, acting at the written direction of the Majority Noteholders, or, if there are no Notes Outstanding, the Titling Trust, acting at the direction of Issuer Trust
Certificateholder, by notice given to the Servicer, terminate the rights and obligations of the Servicer under the 20    -     Servicing Agreement in accordance with such Section and the
Indenture Trustee, acting at the written direction of the Majority Noteholders, shall appoint a Successor Servicer to fulfill the obligations of the Servicer hereunder in respect of the
20    -     Lease Agreements and 20    -     Leased Vehicles. Any such Person shall accept its appointment by a written assumption in a form
acceptable to the Indenture Trustee. In the event the Servicer is removed as servicer of the 20    -     Exchange Note Assets, (i) the Servicer shall deliver or cause to be delivered to or
at the direction of the Successor Servicer all Lease Documents with respect to the 20    -     Lease Agreements and the 20    -     Leased
Vehicles that are then in the possession of the Servicer, (ii) the Servicer shall deliver or cause to be delivered to or at the direction of the Successor Servicer all Security Deposits held by the Servicer with respect to the
20    -     Exchange Note Assets, and (iii) the Servicer shall deliver to the Successor Servicer all servicing records directly maintained by the Servicer, containing as of the close of
business on the date of demand all of the data maintained by the Servicer, in computer format in connection with servicing the 20    -     Exchange Note Assets. If no Person has accepted its
appointment as Successor Servicer when the predecessor Servicer ceases to act as Servicer in accordance with this Section 2.11, the Indenture Trustee, will, without further action, be automatically appointed the Successor Servicer.
Notwithstanding the above, if the Indenture Trustee is unwilling or legally unable to act as Successor Servicer, it may appoint, or petition a court of competent jurisdiction to appoint, an institution whose business includes the servicing of lease
agreements and the related lease assets, as Successor Servicer. The Indenture Trustee will be released from its duties and obligations as Successor Servicer on the date that a new servicer agrees to appointment as Successor Servicer hereunder. All
reasonable costs and expenses incurred in connection with transferring the servicing of the 20    -     Exchange Note Assets to the successor Servicer and amending this agreement to reflect such
succession as Servicer pursuant to this Section shall be paid by the predecessor Servicer upon presentation of reasonable documentation of such costs and expenses. Any Successor Servicer shall be entitled to such compensation as the Servicer would
have been entitled to under this 20    -     Servicing Supplement if the Servicer had not resigned or been terminated hereunder or such additional compensation as the Majority Noteholders and
such Successor Servicer may agree on. 
 (d)      Notwithstanding the provisions of
Section 4.1(f) of the Basic Servicing Agreement, with respect to any Servicer Default related to the 20    -     Exchange Note Assets, only the Indenture Trustee, acting at the written
direction of the Majority Noteholders, or, if there are no Notes Outstanding, the Titling Trust, acting at the direction of the Issuer Trust Certificateholder, may waive any default of the Servicer in the performance of its obligations under the
20    -     Servicing Agreement and its consequences with respect to the 20    -     Exchange Note and, upon any such waiver, such default
shall cease to exist and any Servicer Default arising therefrom shall be deemed to have been remedied for every purpose of the 20    -     Exchange Note Servicing Agreement. No such waiver shall
extend to any subsequent or other default or impair any right consequent thereto. 

  
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 SECTION 2.12.    Representations and Warranties.
The Servicer makes the following representations and warranties to the Depositor, the Indenture Trustee and the Noteholders as of the 20    -     Closing Date: 

(a)      The representations and warranties contained in Section 2.6(a) of the Basic
Servicing Agreement as to each 20    -     Lease Agreement and the related 20    -     Leased Vehicle were true and correct as of the
[related] Cutoff Date; 
 (b)      The representations and warranties set forth in
Section 5.1 of the Basic Servicing Agreement are true and correct as of the date hereof; 

(c)      Each 20    -     Lease Agreement
and 20    -     Leased Vehicle is an Eligible Collateral Asset as of the date hereof; 

(d)      All information heretofore furnished by the Servicer or any of its Affiliates to the
Indenture Trustee or the Owner Trustee for purposes of or in connection with the 20    -     Servicing Agreement or any of the other Program Documents or any transaction contemplated hereby or
thereby is, and all information hereafter furnished by the Servicer or any of its Affiliates to the Indenture Trustee, the Owner Trustee or any of the Noteholders will be, (i) true and accurate in every material respect on the date such
information is stated or certified, and (ii) does not and will not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein misleading, in the case of each of
(i) and (ii) when taken together with all other information provided on or prior to the date hereof; and 

(e)      No Servicer Default or event which with the giving of notice or lapse of time, or both,
would become a Servicer Default has occurred and is continuing as of the 20    -     Closing Date. 

(f)      With respect to any 20    -    
Lease Agreement that constitutes “electronic chattel paper” under the UCC, the Servicer, as [initial] custodian of the Lease Documents relating to the 20    -     Designated Pool,
maintains control of a single electronically authenticated authoritative copy of the related 20    -     Lease Agreement. 

SECTION 2.13.    Custody of Lease Documents. 

(a)      Pursuant to Section 2.3 of the Basic Servicing Agreement, the Servicer, either
directly or through an agent, will act as [initial] custodian of the Lease Documents relating to the 20    -     Designated Pool, as agent and bailee for the benefit of the Issuer and the
Indenture Trustee. All Lease Documents relating to the 20    -     Designated Pool shall be identified and maintained in such a manner so as to permit retrieval and access. If a Successor
Servicer has been appointed hereunder, the Servicer shall promptly deliver all such Lease Documents to the Successor Servicer. If the Servicer is terminated under the 20    -     Servicing
Agreement upon the occurrence of a Servicer Default, the costs associated with transferring all such Lease Documents shall be paid by the Servicer. 

  
 14 

 (b)      With respect to any
20    -     Lease Agreement that constitutes “electronic chattel paper” under the UCC, the Servicer, as [initial] custodian of the Lease Documents relating to the
20    -     Designated Pool, shall at all times maintain control of a single electronically authenticated authoritative copy of the related
20    -     Lease Agreement. 

(c)      In accordance with Section 2.10(h)(ii) of the Indenture and with respect to any
Indenture Collateral that constitutes an instrument or tangible chattel paper, the Servicer, as [initial] custodian of the Lease Documents relating to the 20    -     Designated Pool,
acknowledges that it is holding such instruments and tangible chattel paper solely on behalf and for the benefit of the Indenture Trustee. 

SECTION 2.14.    Reserve Account. 

(a)      On the 20    -     Closing Date,
GMF Leasing LLC shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Indenture Trustee for the benefit of the Noteholders. 

(b)      On each Payment Date (i) if the amount on deposit in the Reserve Account (without
taking into account any amount on deposit in the Reserve Account representing net investment earnings) is less than the Specified Reserve Balance, then the Indenture Trustee shall, after payment of any amounts required to be distributed pursuant to
clauses (i) through (xiv) of Section 8.3(a) of the Indenture, deposit in the Reserve Account the Reserve Account Required Amount pursuant to Section 8.3(a)(xv) of the Indenture, and (ii) if the amount on deposit in the Reserve
Account, after giving effect to all other deposits thereto and withdrawals therefrom to be made on such Payment Date is greater than the Specified Reserve Balance, in which case the Indenture Trustee shall distribute the amount of such excess as
part of Available Funds on such Payment Date. 
 (c)      On each Payment Date, the Servicer
shall instruct the Indenture Trustee to withdraw the Reserve Account Withdrawal Amount from the Reserve Account and deposit such amounts in the Indenture Collections Account to be included as Total Available Funds for that Payment Date. 

SECTION 2.15.    Liability of Successor Servicer. No Successor Servicer will have any
responsibility and will not be in default hereunder or incur any liability for any failure, error, malfunction or any delay in carrying out any of their duties under this Supplement if such failure or delay results from such Successor Servicer
acting in accordance with information prepared or supplied by any Person other than the Successor Servicer or the failure of any such other Person to prepare or provide such information. No Successor Servicer will have any responsibility for and
will not be in default and will incur no liability for, (a) any act or failure to act of any third party, including the Servicer, (b) any inaccuracy or omission in a notice or communication received by such Successor Servicer from any
third party, (c) the invalidity or unenforceability of any 20    -     Lease Agreement under applicable law, (d) the breach or inaccuracy of any representation or warranty made with
respect to any 20    -     Lease Agreement or 20    -     Leased Vehicle, or (e) the acts or omissions of any successor to it as
Successor Servicer. 

  
 15 

 SECTION 2.16.    Merger or Consolidation of, or
Assumption of Obligations of the Servicer. Notwithstanding the provisions of Section 5.3 of the Basic Servicing Agreement, GM Financial shall not merge or consolidate with any other Person, convey, transfer or lease substantially all its
assets as an entirety to another Person, or permit any other Person to become the successor to GM Financial’s business unless, after the merger, consolidation, conveyance, transfer, lease or succession, the successor or surviving entity shall
be capable of fulfilling the duties of GM Financial contained in this Agreement. Any corporation (a) into which GM Financial may be merged or consolidated, (b) resulting from any merger or consolidation to which GM Financial shall be a
party, (c) which acquires by conveyance, transfer, or lease substantially all of the assets of GM Financial, or (d) succeeding to the business of GM Financial, in any of the foregoing cases shall execute an agreement of assumption to
perform every obligation of GM Financial under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to GM Financial under this Agreement without the execution or filing of any paper or any further act on
the part of any of the parties to this Agreement, anything in this Agreement to the contrary notwithstanding; provided, however, that nothing contained herein shall be deemed to release GM Financial from any obligation. GM Financial
shall provide notice of any merger, consolidation or succession pursuant to this Section to the Owner Trustee, the Indenture Trustee and the Noteholders. Notwithstanding the foregoing, GM Financial shall not merge or consolidate with any other
Person or permit any other Person to become a successor to GM Financial’s business, unless (x) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 2.12 shall have been breached
(for purposes hereof, such representations and warranties shall speak as of the date of the consummation of such transaction), (y) GM Financial shall have delivered to the Owner Trustee, the Indenture Trustee and the Noteholders an Officer’s
Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in this Agreement relating to such
transaction have been complied with, and (z) GM Financial shall have delivered to the Owner Trustee, the Collateral Agent and the Indenture Trustee an Opinion of Counsel stating, in the opinion of such counsel, either that (i) 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 Trust in the 20    -    
Exchange Note and the Other Conveyed Property (and reciting the details of the filings), or (ii) no such action shall be necessary to preserve and protect such interest. 

SECTION 2.17.    Resignation of the Servicer. Notwithstanding Section 5.4 of the Basic
Servicing Agreement, the Servicer shall not resign as Servicer under the 20    -     Servicing Agreement except if it is prohibited by law from performing its obligations in respect of the
20    -     Exchange Note Assets under the Basic Servicing Agreement or hereunder and delivers to the Owner Trustee, the Indenture Trustee and the Noteholders an Opinion of Counsel to such effect
concurrently with the delivery of any notice of resignation pursuant to Section 5.4 of the Basic Servicing Agreement. 

SECTION 2.18.    Separate Existence. The Servicer shall take all reasonable steps to maintain the
Titling Trust’s, the Settlor’s, the Depositor’s and the Issuer’s identities as separate legal entities, and shall make it manifest to third parties that each of the Titling Trust, the Settlor, the Depositor and the Issuer is an
entity with assets and liabilities distinct from those of the Servicer and not a division of the Servicer. All transactions and dealings between the Servicer, 

  
 16 

 
on the one hand, and the Settlor, the Titling Trust, the Depositor and the Issuer, on the other hand, will be conducted on an arm’s-length basis. The
Servicer shall take all other actions necessary on its part to ensure that the Depositor complies with Section 2.5(d) of the Exchange Note Transfer Agreement and, to the extent within its control, take all action necessary to ensure that the
Issuer complies with Section 3.16 of the Indenture. The Servicer shall take all action necessary to ensure that the Titling Trust shall not take any of the following actions: 

(a)      engage in any business other than that contemplated by the Titling Trust Agreement or
enter into any transaction or indenture, mortgage, instrument, agreement, contract, lease or other undertaking which is not directly or indirectly related to the transactions contemplated by the Titling Trust Documents; and 

(b)      issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for
any obligations, liabilities or responsibilities other than as set forth in the Titling Trust Documents. 
 SECTION
2.19.    Like Kind Exchange Program; Pull Ahead Program. 

(a)      Notwithstanding the provisions of the Basic Servicing Agreement, a
20    -     Leased Vehicle may be reallocated from the 20    -     Designated Pool to the Lending Facility Pool in connection with a Like
Kind Exchange if the full Base Residual Value of the related 20    -     Leased Vehicle is deposited to the 20    -     Exchange Note
Collections Account by no later than the second (2nd) Business Day following the date of such reallocation; provided, that if the Net Liquidation Proceeds with respect to such
20    -     Leased Vehicle are determined prior to the deposit of such Base Residual Value to the 20    -     Exchange Note Collections
Account, then such Net Liquidation Proceeds may instead be deposited to the 20    -     Exchange Note Collections Account in full satisfaction of this Section 2.19(a). If the Servicer has
deposited the full Base Residual Value of a 20    -     Leased Vehicle to the 20    -     Exchange Note Collections Account in connection
with a Like Kind Exchange and (i) the related Net Liquidation Proceeds are determined thereafter to be less than such Base Residual Value, then the Servicer shall be permitted to withdraw the excess of the related Base Residual Value so
deposited over the related Net Liquidation Proceeds from the 20    -     Exchange Note Collections Account for its own account, and (ii) the related Net Liquidation Proceeds are determined
thereafter to be greater than such Base Residual Value, then the Servicer shall be obligated to deposit the excess of the related Net Liquidation Proceeds over the Base Residual Value to the
20    -     Exchange Note Collections Account from its own funds by no later than the second (2nd) Business Day following the date on which
such Net Liquidation Proceeds are determined. 
 (b)      Notwithstanding the provisions of
the Basic Servicing Agreement, a 20    -     Lease Agreement may be a Pull Ahead Lease Agreement pursuant to a Pull Ahead Program if all amounts due and payable under the related
20    -     Lease Agreement (other than (i) Excess Mileage/Wear and Tear Fees, which shall be charged to such Lessee to the extent applicable in accordance with the terms of such
20    -     Lease Agreement and the Servicer’s Customary Servicing Practices, and (ii) Monthly Payments that are waived in connection with such Lessee’s participation in the Pull
Ahead Program and in connection with which a Pull Ahead Payment is received by the Titling Trust or by the Servicer on its behalf and allocated to the 20    -     Exchange Note Collections
Account) are deposited to the 20    -     Exchange Note Collections 

  
 17 

 
Account by no later than the second (2nd) Business Day following the date that such
20    -     Lease Agreement would terminate pursuant to the Pull Ahead Program. The Servicer will not be entitled to reimbursement from any
20    -     Designated Pool Collections for any amounts that it deposits to the 20    -     Collections Account from its own funds in
connection with any Pull Ahead Lease Agreement. 
 SECTION 2.20.    Dispute Resolution. 

(a)      If the Owner Trustee, the Indenture Trustee, any Noteholder, the Depositor or the Indenture Trustee on
behalf of certain Noteholders in accordance with Section 2.5(b) hereof has requested that the Servicer reallocate any 20    -     Lease Agreement and the related
20    -     Leased Vehicle to the Lending Facility Pool pursuant to Section 2.5(b) hereof due to an alleged breach of a representation and warranty with respect to such
20    -     Lease Agreement and the related 20    -     Leased Vehicle (each, a “Reallocation Request”), and the
Reallocation Request has not been resolved within 180 days of the receipt of notice of the Reallocation Request by the Servicer (which resolution may take the form of a reallocation of the related
20    -     Lease Agreement and the related 20    -     Leased Vehicle to the Lending Facility Pool against payment of the related Repurchase
Amount by GM Financial, a withdrawal of the related Reallocation Request by the party that originally requested the reallocation or a cure of the condition that led to the related breach in the manner set forth herein), then the Servicer or
Depositor shall describe the unresolved Reallocation Request on the Form 10-D that is filed that relates to the Collection Period during with the related 180-day period
ended, and any of the party that originally requested the reallocation, any Noteholder or the Indenture Trustee on behalf of certain Noteholders in accordance with the following sentence (any such Person, a “Requesting Party”) may
refer the matter, in its discretion, to either mediation (including non-binding arbitration) or binding third-party arbitration; provided, that if the Noteholder seeking to refer the matter to mediation
or arbitration is not a Noteholder of record, such Noteholder must provide the Servicer and the Indenture Trustee with a written certification stating that it is a beneficial owner of a Note, together with supporting documentation supporting that
statement (which may include, but is not limited to, a trade confirmation, an account statement or a letter from a broker or dealer verifying ownership) before the Servicer will be obligated to participate in the related mediation or arbitration .
Noteholders representing [five] percent or more of the Outstanding Amount of the [most senior Class of] Notes may direct the Indenture Trustee, by notice in writing, in relation to any matter described in the preceding sentence, to initiate
either mediation (including non-binding arbitration) or binding third party arbitration, as directed by such Noteholders, on behalf of such Noteholders and to conduct such mediation or arbitration pursuant to
instructions provided by such Noteholders in accordance with the Indenture. The Requesting Party shall provide notice to the Sponsor and the Depositor and refer the matter to mediation or arbitration according to the ADR Rules of the ADR
Organization within 90 days following the date on which the Form 10-D is filed that relates to the Collection Period during which the related 180-day period ended. The
Servicer agrees to participate in the dispute resolution method selected by the Requesting Party. 

  
 18 

 (b)      If the Requesting Party selects mediation for dispute
resolution: 
 (i)      The mediation will be administered by the ADR Organization using its
ADR Rules. However, if any ADR Rules are inconsistent with the procedures for mediation stated in this Section 2.20, the procedures in this Section 2.20 will control. 

(ii)     A single mediator will be selected by the ADR Organization from a list of neutrals
maintained by it according to the ADR Rules. The mediator must be impartial, an attorney admitted to practice in the State of New York and have at least [15] years of experience in commercial litigation and, if possible, consumer finance or
asset-backed securitization matters. 
 (iii)    Commercially reasonable efforts shall be used to begin
the mediation within [15] Business Days after the selection of the mediator and conclude within [30] days after the start of the mediation. 

(iv)    Expenses of the mediation will be allocated to the parties as mutually agreed by them as part of
the mediation. 
 (v)     If the parties fail to agree at the completion of the mediation, the
Requesting Party may refer the Reallocation Request to arbitration under this Section 3.13 or may initiate litigation regarding such Reallocation Request. 

(c)      If the Requesting Party selects arbitration for dispute resolution: 

(i)      The arbitration will be administered by the ADR Organization using its ADR Rules.
However, if any ADR Rules are inconsistent with the procedures for arbitration stated in this Section 2.20, the procedures in this Section 2.20 will control. 

(ii)     A single arbitrator will be selected by the ADR Organization from a list of neutrals
maintained by it according to the ADR Rules. The arbitrator must be an attorney admitted to practice in the State of New York and have at least [15] years of experience in commercial litigation and, if possible, consumer finance or asset-backed
securitization matters. The arbitrator will be independent and impartial and will comply with the Code of Ethics for Arbitrators in Commercial Disputes in effect at the time of the arbitration. Before accepting an appointment, the arbitrator must
promptly disclose any circumstances likely to create a reasonable inference of bias or conflict of interest or likely to preclude completion of the proceedings within the stated time schedule. The arbitrator may be removed by the ADR Organization
for cause consisting of actual bias, conflict of interest or other serious potential for conflict. 

(iii)    The arbitrator will have the authority to schedule, hear and determine any motions, according to
New York law, and will do so at the motion of any party. Discovery will be completed with [30] days of selection of the arbitrator and will be limited for each party to [two] witness depositions, each not to exceed five hours, [two] interrogatories,
[one] document request and [one] request for admissions. However, the arbitrator may grant additional discovery on a showing of good cause that the additional discovery is reasonable and necessary. Briefs will be limited to no more than [ten] pages

  
 19 

 
each, and will be limited to initial statements of the case, motions and a pre-hearing brief. The evidentiary hearing on the merits will start no later
than [60] days after selection of the arbitrator and will proceed for no more than [six] consecutive Business Days with equal time allocated to each party for the presentation of evidence and cross examination. The arbitrator may allow additional
time for discovery and hearings on a showing of good cause or due to unavoidable delays. 
 (iv)    The
arbitrator will make its final determination no later than [90] days after its selection. The arbitrator will resolve the dispute according to the terms of this Agreement and the other Basic Documents, and may not modify or change this Agreement or
the other Basic Documents in any way. The arbitrator will not have the power to award punitive damages or consequential damages in any arbitration conducted by them. In its final determination, the arbitrator will determine and award the expenses of
the arbitration (including filing fees, the fees of the arbitrator, expense of any record or transcript of the arbitration and administrative fees) to the parties in its reasonable discretion. The determination of the arbitrator will be in writing
and counterpart copies will be promptly delivered to the parties. The determination will be final and non-appealable, except for actions to confirm or vacate the determination permitted under federal or State
law, and may be entered and enforced in any court of competent jurisdiction. The arbitrator may not award remedies that are not consistent with this Agreement and the other Basic Documents. 

(v)     By selecting arbitration, the Requesting Party is giving up the right to sue in court,
including the right to a trial by jury. 
 (vi)    The Requesting Party may not bring a putative or
certificated class action to arbitration. If this waiver of class action rights is found to be unenforceable for any reason, the Requesting Party agrees that it will bring its claims in a court of competent jurisdiction. 

(d)      For each mediation or arbitration: 

(i)     Any mediation or arbitration will be held in New York, New York at the offices of the
mediator or arbitrator or at another location selected by the Servicer. Any party or witness may participate by teleconference or video conference. 

(ii)    The Servicer and the Requesting Party will have the right to seek provisional relief from a
competent court of law, including a temporary restraining order, preliminary injunction or attachment order, if such relief is available by law. 

(e)      The Servicer will not be required to produce personally identifiable customer information for purposes
of any mediation or arbitration. The existence and details of any unresolved Reallocation Request, any informal meetings, mediations or arbitration proceedings, the nature and amount of any relief sought or granted, any offers or statements made and
any discovery taken in the proceeding will be confidential, privileged and inadmissible for any purpose in any other mediation, arbitration, litigation or other proceeding. The parties will keep this information confidential and will not disclose or
discuss it with any third party (other than a 

  
 20 

 
party’s attorneys, experts, accountants and other advisors, as reasonably required in connection with the mediation or arbitration proceeding under this Section 2.6), except as required
by law, regulatory requirement or court order. If a party to a mediation or arbitration proceeding receives a subpoena or other request for information from a third party (other than a governmental regulatory body) for confidential information of
the other party to the mediation or arbitration proceeding, the recipient will promptly notify the other party and will provide the other party with the opportunity to object to the production of its confidential information. 

ARTICLE III 
 MISCELLANEOUS 

SECTION 3.1.    Termination of 20    -     Servicing
Supplement. This 20    -     Servicing Supplement (and, accordingly, the Basic Servicing Agreement insofar as it relates to the
20    -     Exchange Note) will be terminated in the event that the Basic Servicing Agreement is terminated in accordance therewith and may also be terminated at the option of the Servicer or the
Titling Trust at any time following the payment in full of the 20    -     Exchange Note. 

SECTION 3.2.    Amendment. 

(a)    This 20    -     Servicing Supplement (and,
accordingly, the Basic Servicing Agreement, insofar as it relates to the 20    -     Exchange Note) may be amended by the parties hereto with the consent of the Majority Noteholders [and with the
written consent of the Swap Provider (unless such amendment could not reasonably be expected to have a material adverse effect on the Swap Provider)]; provided, that to the extent that any such amendment materially affects any Other Exchange
Note, such amendment shall require the consent of the Exchange Noteholder thereof affected thereby. 

(b)    The parties hereto acknowledge and agree that (i) the right of the Indenture Trustee to
consent to any amendment of this 20    -     Servicing Supplement is subject to the following terms: the parties hereto will not (1) without the prior written consent of the Required
Noteholders, waive timely performance or observance by the Servicer under the 20    -     Servicing Agreement and (2) without the prior written consent of all Noteholders, reduce the
required percentage of the Notes that is required to consent to any amendment pursuant to this Section 3.2 and (ii) any consent provided by the Indenture Trustee in violation of such terms shall be of no force or effect hereunder. 

SECTION 3.3.    GOVERNING LAW. THIS SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

SECTION 3.4.    Relationship of 20    -     Servicing
Supplement to Other Trust Documents. Unless the context otherwise requires, this 20    -     Servicing Supplement and the other Trust Documents shall be interpreted so as to give full effect
to all provisions hereof and thereof. In the event of any actual conflict between the provisions of this 20    -     Servicing 

  
 21 

 
Supplement and the Basic Servicing Agreement, with respect to the servicing of any 20    -     Exchange Note Assets, the provisions of this
20    -     Servicing Supplement shall prevail. This 20    -     Servicing Supplement shall supplement the Basic Servicing Agreement as it
relates to the 20    -     Exchange Note and the 20    -     Designated Pool and not to any other Exchange Note or Designated Pool or the
Lending Facility Pool. 
 SECTION 3.5.    [Reserved]. 

SECTION 3.6.    Notices. For purposes of the
20    -     Servicing Agreement, all demands, notices, directions, requests and communications hereunder shall be in writing and shall be delivered or mailed by registered or certified
first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or facsimile transmission, and addressed in each case as follows: (a) if to the Servicer, GM Financial, 801 Cherry Street, Suite 3500, Fort Worth, Texas,
76102, Attention: Chief Financial Officer, and (b) if to the Indenture Trustee,                     . Notices to the other parties to
this 20    -     Servicing Supplement shall be delivered as provided in Section 6.5 of the Basic Servicing Agreement. 

SECTION 3.7.    Severability of Provisions. If any one or more of the covenants, agreements,
provisions or terms of this 20    -     Servicing Supplement or the 20    -     Servicing Agreement shall be for any reason whatsoever held
invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions and terms of this 20    -     Servicing Supplement or
the 20    -     Servicing Agreement, as applicable, and shall in no way affect the validity or enforceability of the other covenants, agreements, provisions and terms of this
20    -     Servicing Supplement or the 20    -     Servicing Agreement. 

SECTION 3.8.    Binding Effect. The provisions of this
20    -     Servicing Supplement and the 20    -     Servicing Agreement shall be binding upon and inure to the benefit of the parties hereto
and their permitted successors and assigns. 
 SECTION 3.9.    Table of Contents and Headings.
The Table of Contents and Article and Section headings herein are for convenience of reference only and shall not define or limit any of the terms or provisions hereof. 

SECTION 3.10.    Counterparts and Consent to Do Business Electronically. This
20    -     Servicing Supplement may be executed in multiple counterparts, each of which shall be deemed to be an original, but together they shall constitute one and the same instrument.
Facsimile and .pdf signatures shall be deemed valid and binding to the same extent as the original and the parties affirmatively consent to the use thereof, with no such consent having been withdrawn. Each party agrees that this 2021-3 Servicing Supplement and any documents to be delivered in connection with this 2021-3 Servicing Supplement may be executed by means of an electronic signature that
complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, and/or any other relevant electronic signatures law, in each case to the extent applicable. Any
electronic signatures appearing on this 2021-3 Servicing Supplement and such other documents are the same as handwritten signatures for the purposes of validity, enforceability, and admissibility. Each party
hereto shall be entitled to conclusively rely upon, and shall have no liability with respect to, any 

  
 22 

 
electronic signature or faxed, scanned, or photocopied manual signature of any other party and shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof.

 SECTION 3.11.    Further Assurances. Each party shall take such acts, and execute and deliver
to any other party such additional documents or instruments as may be reasonably requested in order to effect the purposes of this 20    -     Servicing Supplement and the
20    -     Servicing Agreement and to better assure and confirm unto the requesting party its rights, powers and remedies hereunder. 

SECTION 3.12.    Third-Party Beneficiaries. The Issuer, the Depositor and each Noteholder shall be
third-party beneficiaries of the 20    -     Servicing Agreement. Except as otherwise provided in the 20    -     Servicing Agreement, no
other Person shall have any rights hereunder. 
 SECTION 3.13.    No Petition. Each of the
parties hereto, in addition to the provisions of Section 6.13 of the Basic Servicing Agreement, covenants and agrees that prior to the date that is one (1) year and one (1) day after the date on which all Notes have been paid in full,
it will not institute against, or join any other person in instituting against the Titling Trust or the Settlor, any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceeding or other Proceeding under any Insolvency Law. 

SECTION 3.14.    Limitation of Liability. It is expressly understood and agreed by the parties
hereto that (a) this 20    -     Servicing Supplement is executed and delivered by [Owner Trustee], not individually or personally but solely as owner trustee of the Titling Trust and the
Settlor, in the exercise of the powers and authority conferred and vested in it under the Titling Trust Agreement and Settlor Trust Agreement, as applicable, (b) each of the representations, undertakings and agreements herein made on the part
of the Titling Trust and the Settlor is made and intended not as personal representations, undertakings and agreements by [Owner Trustee] but is made and intended for the purpose for binding only the Titling Trust and the Settlor, (c) nothing
herein contained shall be construed as creating any liability on [Owner Trustee], individually or personally, to perform any covenant either express or implied contained herein, all such liability, if any, being expressly waived by the parties
hereto and any Person claiming by, through or under the parties hereto, (d) [Owner Trustee] has made no investigation as to the accuracy or completeness of any representations and warranties made by the Issuer in this Agreement, and (e) under
no circumstances shall [Owner Trustee] be personally liable for the payment of any indebtedness or expenses of the Titling Trust and the Settlor or be liable for the breach or failure of any obligation, representation, warranty or covenant made or
undertaken by the Titling Trust and the Settlor under this 20    -     Servicing Supplement or the other related documents. 

SECTION 3.15.    Preparation of Securities and Exchange Commission Filings. 

The Servicer will file or will cause to be filed, on behalf of the Issuer and the Depositor, any documents, forms or other
items required to be filed by the Issuer or the Depositor pursuant to the rules and regulations set by the Commission and relating to the Notes or the Program Documents 

  
 23 

 SECTION 3.16.    Review Reports. 

Upon the request of any Noteholder to the Servicer for a copy of any Review Report (as defined in the
20    -     Asset Representations Review Agreement), the Servicer shall promptly provide a copy of such Review Report to such Noteholder; provided, that if the requesting Noteholder is not
a Noteholder of record, such Noteholder must provide the Servicer with a written certification stating that it is a beneficial owner of a Note, together with supporting documentation supporting that statement (which may include, but is not limited
to, a trade confirmation, an account statement or a letter from a broker or dealer verifying ownership) before the Servicer delivers such Review Report to such Noteholder; provided, further, that if such Review Report contains
personally identifiable information regarding Lessees, then the Servicer may condition its delivery of that portion of the Review Report to the requesting Noteholder on such Noteholder’s delivery to the Servicer of an agreement acknowledging
that such Noteholder may use such information only for the limited purpose of assessing the nature of the related breaches of representations and warranties and may not use that information for any other purpose. 

SECTION 3.17.    Regulation RR Risk Retention. GM Financial, as Sponsor, agrees that (a) GM
Financial will cause the Depositor to, and the Depositor will, retain the “eligible horizontal residual interest” (the “Retained Interest”) (as defined in the Credit Risk Retention Rules) on the
20    -     Closing Date, and (b) GM Financial will not, and will cause the Depositor and each affiliate of GM Financial not to, sell, transfer, finance, pledge or hedge the Retained
Interest except as permitted by the Credit Risk Retention Rules. The representations and warranties set forth in this Section 3.17 shall survive the termination of this Agreement and resignation by, or termination of, GM Financial in its
capacity as Servicer hereunder. 
 [Remainder of Page Intentionally Left Blank] 

  
 24 

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

 

			
	ACAR LEASING LTD.,
		
	By:	 	[OWNER TRUSTEE], not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

	Name:
	Title:
	
	AMERICREDIT FINANCIAL SERVICES, INC.
	d/b/a GM Financial, in its individual capacity and as Servicer
		
	By:	 	  

	Name:
	Title:
	
	APGO TRUST, as Settlor
		
	By:	 	[OWNER TRUSTEE], not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

	Name:
	Title:
	
	[COLLATERAL AGENT], not in its individual capacity but solely as Collateral Agent
		
	By:	 	  

	Name:
	Title:

  
 [Signature Page to the
20    -     Servicing Supplement] 

 
			
	[INDENTURE TRUSTEE], not in its individual capacity but solely as Indenture Trustee
		
	By:	 	  

	Name:
	Title:

  
 [Signature Page to the
20    -     Servicing Supplement] 

 EXHIBIT A 

FORM OF SERVICER REPORT 
 [[See
Attached]] 

  
 A-1

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