Document:

exhibit_10.htm

     

    
      	
              Exhibit
      10

            
	 
      	 
      
	
              NAVISTAR
      FINANCIAL CORPORATION

            
	
              AND
      SUBSIDIARIES

            
	 
      	 
      
	
              MATERIAL
      CONTRACTS

            
	 
      	 
      
	
              The
      following documents of Navistar Financial Corporation (“the Corporation”)
      are incorporated herein by reference:

               

            
	10.01	Master
      Inter-company Agreement dated as of April 26, 1993, between the
      Corporation and International.  Filed on the Corporation’s Form
      8-K on April 30, 1993.  Commission File No.  001-04146.
	 	 
	
              10.02

            	
              First
      Amendment to the Master Inter-company Agreement dated as of September 30,
      1996, between the Corporation and International.  Filed as
      Exhibit 10.60 to the Corporation's Form
      10-Q on September 10, 2004.  Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.03

            	
              Second
      Amendment to the Master Inter-company Agreement dated as of August 16,
      2000, between the Corporation and International.  Filed as
      Exhibit 10.61 to the Corporation's Form
      10-Q on September 10, 2004.  Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.04

            	
              Third
      Amendment to the Master Inter-company Agreement dated as of March 2002,
      between the Corporation and International.  Filed as Exhibit
      10.62 to the Corporation's Form 10-Q
      on September 10, 2004.  Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.05

            	
              Fourth
      Amendment to the Master Inter-company Agreement dated as of February 17,
      2004, between the Corporation and International.  Filed as
      Exhibit 3.1 to the Corporation’s Form
      10-Q on March 8, 2004.  Commission File
      No.  001-04146.

            
	 
      	 
      
	
              10.06

            	
              Amended
      and Restated Master Intercompany Agreement, dated April 1, 2007, between
      the Corporation and International. Filed as Exhibit 10.2 to the
      Corporation’s Form 8-K on April
      3, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.07

            	
              Amended
      and Restated Credit Agreement dated as of July 1, 2005 between the
      Corporation, Arrendadora Financiera Navistar, S.A. de C. V., Servicios
      Financieros Navistar, S.A. de C.V., and Navistar
      Comercial,
      S.A. de C.V., as Borrowers, and JPMorgan Chase Bank, N.A. as
      Administrative Agent, Bank of America, N.A., as Syndication agent, and the
      Bank of Nova Scotia, as Documentation
      Agent,
      J.P. Morgan Securities Inc. and Banc of America Securities, LLC, as Joint
      Book Managers and Joint Lead Arrangers, with respect to $1,200,000,000
      Revolving Credit and
      Competitive Advance Facility.  Filed as Exhibit 10.01 to the
      Corporation’s Form 8-K on September 1, 2005.  Commission File
      No. 001-04146.

            
	 
      	 
      
	
              10.08

            	
              Amended
      and Restated Security, Pledge and Trust Agreement dated as of July 1,
      2005, between the Corporation and Deutsche Bank Trust Company Americas, as
      Trustee, pursuant to the terms of
      the Credit agreement.  Filed as Exhibit 10.02 to the
      Corporation’s Form 8-K on September 1, 2005.   Commission
      File No. 001-04146.

            

    

    
      
         

      

      
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              10.09

            	
              Waiver
      dated January 17, 2006, to the Amended and Restated Credit Agreement dated
      as of July 1, 2005 between the Corporation, Arrendadora Financiera
      Navistar, S.A. de C. V., Servicios Financieros Navistar, S.A. de C.V., and
      Navistar Comercial, S.A. de C.V., as Borrowers, and JPMorgan Chase Bank,
      N.A. as Administrative Agent, Bank of America, N.A., as Syndication agent,
      and the Bank of Nova Scotia, as Documentation Agent, J.P. Morgan
      Securities Inc. and Banc of America Securities, LLC, as Joint Book
      Managers and Joint Lead Arrangers, with respect to $1,200,000,000
      Revolving Credit and Competitive Advance Facility.  Filed as
      Exhibit 99.1 to the Corporation’s Form 8-K on March 8,
      2006.  Commission File No. 001-04146.

            
	 
      	 
      
	
              10.10

            	
              Second
      Waiver and Consent dated March 2, 2006, to the Amended and Restated Credit
      Agreement dated as of July 1, 2005 between the Corporation, Arrendadora
      Financiera Navistar, S.A. de C. V., Servicios Financieros Navistar, S.A.
      de C.V., and Navistar Comercial, S.A. de C.V., as Borrowers, and JPMorgan
      Chase Bank, N.A. as Administrative Agent, Bank of America, N.A., as
      Syndication agent, and the Bank of Nova Scotia, as Documentation Agent,
      J.P. Morgan Securities Inc. and Banc of America Securities, LLC, as Joint
      Book Managers and Joint Lead Arrangers, with respect to $1,200,000,000
      Revolving Credit and Competitive Advance Facility.  Filed as
      Exhibit 99.2 to the Corporation’s Form 8-K on March 8,
      2006.  Commission File No. 001-04146.

            
	 
      	 
      
	
              10.11

            	
              Third
      Waiver and Consent dated November 10, 2006, to the Amended and Restated
      Credit Agreement dated as of July 1, 2005 between the Corporation,
      Arrendadora Financiera Navistar, S.A. de C. V., Servicios Financieros
      Navistar, S.A. de C.V., and Navistar Comercial, S.A. de C.V., as
      Borrowers, and JPMorgan Chase Bank, N.A. as Administrative Agent, Bank of
      America, N.A., as Syndication agent, and the Bank of Nova Scotia, as
      Documentation Agent, J.P. Morgan Securities Inc. and Banc of America
      Securities, LLC, as Joint Book Managers and Joint Lead Arrangers, with
      respect to $1,200,000,000 Revolving Credit and Competitive Advance
      Facility.  Filed as Exhibit 10.1 to the Corporation’s Form 8-K
      on November 20, 2006.  Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.12

            	
              First
      Amendment dated March 28, 2007, to the Amended and Restated Credit
      Agreement dated as of July 1, 2005 among the Corporation, Arrendadora
      Financiera Navistar, S.A. de C. V., Organizacion Auxiliar del Credito, a
      Mexican corporation, Servicios Financieros Navistar, S.A. de C.V.,
      Sociedad Financiera de Objeto Limitado, a Mexican corporation and Navistar
      Comercial, S.A. de C.V., the Lenders party thereto, JPMorgan Chase Bank,
      N.A. as Administrative Agent, Bank of America, N.A., as Syndication agent,
      and the Bank of Nova Scotia, as Documentation Agent. Filed as Exhibit 10.1
      to the Corporation’s Form 8-K on April 3, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.13

            	
              Second
      Amendment and Fourth Waiver dated October 23, 2007 to the Amended and
      Restated Credit Agreement dated as of July 1, 2005 among the Corporation,
      Arrendadora Financiera Navistar, S.A. de C. V., Organizacion Auxiliar del
      Credito, a Mexican corporation, Servicios Financieros Navistar, S.A. de
      C.V., Sociedad Financiera de Objeto Limitado, a Mexican corporation and
      Navistar Comercial, S.A. de C.V., the Lenders party thereto, JPMorgan
      Chase Bank, N.A. as Administrative Agent, Bank of America, N.A., as
      Syndication agent, and the Bank of Nova Scotia, as Documentation
      Agent.  dated and filed as Exhibit 10.1 to the Corporation’s
      Form 8-K on October 25, 2007. Commission File No.
    001-04146.

            

    

    
      
         

      

      
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              10.14

            	
              Fifth
      Waiver, dated as of November 28, 2007 (this “Waiver”), to the Amended and
      Restated Credit Agreement, dated as of July 1, 2005 (as heretofore
      amended, supplemented or otherwise modified, the ("Credit Agreement”),
      among Navistar Financial Corporation, a Delaware corporation, Arrendadora
      Financiera Navistar, S.A. de C. V., Organizacion Auxiliar del Credito, a
      Mexican corporation, Servicios Financieros Navistar, S.A. de C.V.,
      Sociedad Financiera de Objeto Limitado,  a Mexican corporation,
      and Navistar Ccmercial, S.A. de C.V., a Mexican corporation (each, a
      “Borrower” and collectively, the “Borrowers”), the several lenders from
      time to time parties thereto (the “Lenders”), JPMorgan Chase Bank, N.A.,
      as administrative agent for the Lenders (in such capacity, the
      “Administrative Agent”), Bankof America, N.A., as syndication agent (in
      such capacity, the “Syndication Agent”), and The Bank of Nova Scotia, as
      documentation agent (in such capacity, the “Documentation
      Agent”).   Filed as Exhibit 10.01 to the Corporation’s Form
      8-K on December, 14, 2007.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.15

            	
              Pooling
      and Servicing Agreement dated as of June 8, 1995, among the Corporation,
      as Servicer, Navistar Financial Securities Corporation, as Seller,
      Chemical Bank, as 1990 Trust Trustee, and The Bank of New York, as Master
      Trust Trustee.  Filed as Exhibit 4.1 to Navistar Financial
      Securities Corporation’s Form 8-K on December 12,
      2003.  Commission File No. 033-87374.

            
	 
      	 
      
	
              10.16

            	
              First
      Amendment to the Pooling and Servicing Agreement dated as of September 12,
      1995, among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, and The Bank of New York, as Master Trust
      Trustee.   Filed as Exhibit 10.103 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.17

            	
              Second
      Amendment to the Pooling and Servicing Agreement dated as of March 27,
      1996, among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, and The Bank of New York, as Master Trust
      Trustee.  Filed as Exhibit 10.104 to the Corporation’s Form 10-K
      on December 10, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.18

            	
              Third
      Amendment to the Pooling and Servicing Agreement dated as of July 17,
      1998, among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, and The Bank of New York, as Master Trust
      Trustee.   Filed as Exhibit 10.105 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.19

            	
              Fourth
      Amendment to the Pooling and Servicing Agreement dated as of June 2, 2000,
      among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, and The Bank of New York, as Master Trust
      Trustee.  Filed as Exhibit 4.7 to Navistar Financial Securities
      Corporation’s Form S-3/A dated June 12, 2000.  Commission File
      No. 333-32960.

            
	 
      	 
      
	
              10.20

            	
              Fifth
      Amendment to the Pooling and Servicing Agreement dated as of July 13,
      2000, among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, and The Bank of New York, as Master Trust
      Trustee.  Filed as Exhibit 4.2 to Navistar Financial Dealer Note
      Master Trust’s Form 8-K on July 14, 2000.  Commission File No.
      033-36767-03.

            
	 
      	 
      
	
              10.21

            	
              Sixth
      Amendment to the Pooling and Servicing Agreement dated as of October 31,
      2003, among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, and The Bank of New York, as Master Trust
      Trustee.  Filed as Exhibit 4.7 to Navistar Financial Dealer Note
      Master Owner Trust’s Form S-3/A dated December 23,
      2003.  Commission File No. 333-104639-01.

            
	 
      	 
      
	
              10.22

            	
              Seventh
      Amendment to the Pooling and Servicing Agreement dated as of June 10,
      2004, among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, and The Bank of New York, as Master Trust
      Trustee.  Filed as Exhibit 4.6 to Navistar Financial Dealer Note
      Master Owner Trust’s Form 8-K on June 14, 2004.  Commission File
      No. 333-104639-01.

               

            

    

    
      
         

      

      
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              10.23

            	
              Series
      2000-VFC Supplement to the Pooling and Servicing Agreement, dated as of
      January 28, 2000, among the Corporation, as Servicer, Navistar Financial
      Securities Corporation, as Seller, and the Bank of New York, as Master
      Trust Trustee on behalf of the Series 2000-VFC Certificateholders. Filed
      as Exhibit 10.71 to the Corporation's Form 10-Q on April 19,
      2005.  Commission File No. 001-04146.

            
	 
      	 
      
	
              10.24

            	
              Certificate
      Purchase Agreement, dated as of January 28, 2000, among the Corporation,
      as Servicer, Navistar Financial Securities Corporation, as Seller,
      Receivables Capital Corporation, as the Conduit Purchaser, Bank of
      America, National Association, as Administrative Agent for the Purchasers,
      and as a Committed Purchaser. Filed as Exhibit 1.1 to Navistar Financial
      Securities Corporation’s Form 8-K on February 24, 2000. Commission File
      No. 033-87374.

            
	 
      	 
      
	
              10.25

            	
              Extension
      to the Certificate Purchase Agreement, dated as of January 25, 2001, among
      the Corporation, as Servicer, Navistar Financial Securities Corporation,
      as Seller, Receivables Capital Corporation, as the Conduit Purchaser, Bank
      of America, National Association, as a Committed
      Purchaser.   Filed as Exhibit 10.106 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.26

            	
              Extension
      and Amendment to the Certificate Purchase Agreement, dated as of January
      23, 2002, among the Corporation, as Servicer, Navistar Financial
      Securities Corporation, as Seller, Receivables Capital Corporation, as the
      Conduit Purchaser, Bank of America, National Association, as a Committed
      Purchaser.   Filed as Exhibit 10.107 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.27

            	
              Amendment
      No. 1 to the Series 2000-VFC Supplement to the Pooling and Servicing
      Agreement, dated as of January 22, 2003, by and among the Corporation, as
      Servicer, Navistar Financial Securities Corporation, as Seller, and the
      Bank of New York, as Master Trust Trustee. Filed as Exhibit 10.72 to the
      Corporation's Form 10-Q on April 19, 2005.  Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.28

            	
              First
      Amendment to Certificate Purchase Agreement, dated as of January 27, 2003,
      among the Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, Receivables Capital Corporation, as the Conduit
      Purchaser, Bank of America, National Association, as Administrative Agent
      for the Purchasers, and as a Committed Purchaser.   Filed
      as Exhibit 10.108 to the Corporation’s Form 10-K on December 10, 2007.
      Commission File No. 001-04146.

            
	 
      	 
      
	
              10.29

            	
              Amended
      and Restated Certificate Purchase Agreement, dated as of December 27,
      2004, among Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, Kitty Hawk Funding Corporation, as a Conduit
      Purchaser, Liberty Street Funding Corp., as a Conduit Purchaser, Bank of
      America, National Association, as Administrative Agent for the Purchasers,
      a Managing Agent, and as a Committed Purchaser and the Bank of Nova
      Scotia, as a Committed Purchaser and as a Managing Agent. Filed as Exhibit
      10.73 to the Corporation's Form 10-Q on April 19,
      2005.  Commission File No. 001-04146.

            
	 
      	 
      
	
              10.30

            	
              Extension
      to Amended and Restated Certificate Purchase Agreement, dated as of
      December 19, 2005, among the Corporation, as Servicer, Navistar Financial
      Securities Corporation, as Seller, Kitty Hawk Funding Corporation, as a
      Conduit Purchaser, Liberty Street Funding Corp., as a Conduit Purchaser,
      Bank of America, National Association, as Administrative Agent for the
      Purchasers, a Managing Agent, and as a Committed Purchaser and the Bank of
      Nova Scotia, as a Committed Purchaser and as a Managing
      Agent.   Filed as Exhibit 10.109 to the Corporation’s Form
      10-K on December 10, 2007. Commission File No.
  001-04146.

            

    

    
      
         

      

      
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              10.31

            	
              Amendment,
      Waiver, and Extension to Amended and Restated Certificate Purchase
      Agreement, dated as of May 26, 2006, among the Corporation, as Servicer,
      Navistar Financial Securities Corporation, as Seller, Kitty Hawk Funding
      Corporation, as a Conduit Purchaser, Liberty Street Funding Corp., as a
      Conduit Purchaser, Bank of America, National Association, as
      Administrative Agent for the Purchasers, a Managing Agent, and as a
      Committed Purchaser and the Bank of Nova Scotia, as a Committed Purchaser
      and as a Managing Agent.  Filed as Exhibit 10.110 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.32

            	
              Amendment,
      Waiver, and Extension to Amended and Restated Certificate Purchase
      Agreement, dated as of January 31, 2007, among the Corporation, as
      Servicer, Navistar Financial Securities Corporation, as Seller, Kitty Hawk
      Funding Corporation, as a Conduit Purchaser, Liberty Street Funding Corp.,
      as a Conduit Purchaser, Bank of America, National Association, as
      Administrative Agent for the Purchasers, a Managing Agent, and as a
      Committed Purchaser and the Bank of Nova Scotia, as a Committed Purchaser
      and as a Managing Agent.  Filed as Exhibit 10.111 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.33

            	
              Amendment
      dated October 31, 2006 to the Amended and Restated Certificate Purchase
      Agreement, dated as of December 27, 2004, among Corporation, as Servicer,
      Navistar Financial Securities Corporation, as Seller, Kitty Hawk Funding
      Corporation, as a Conduit Purchaser, Liberty Street Funding Corp., as a
      Conduit Purchaser, Bank of America, National Association, as
      Administrative Agent for the Purchasers, a Managing Agent, and as a
      Committed Purchaser and the Bank of Nova Scotia, as a Committed Purchaser
      and as a Managing Agent.   Filed as Exhibit 10.132 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.34

            	
              Amendment,
      waiver and extension dated March 24, 2006 to the Amended and Restated
      Certificate Purchase Agreement, dated as of December 27, 2004, among
      Corporation, as Servicer, Navistar Financial Securities Corporation, as
      Seller, Kitty Hawk Funding Corporation, as a Conduit Purchaser, Liberty
      Street Funding Corp., as a Conduit Purchaser, Bank of America, National
      Association, as Administrative Agent for the Purchasers, a Managing Agent,
      and as a Committed Purchaser and the Bank of Nova Scotia, as a Committed
      Purchaser and as a Managing Agent.   Filed as Exhibit
      10.133 to the Corporation’s Form 10-K on December 10, 2007. Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.35

            	
              Extension
      dated February 20, 2004 to the Certificate Purchase Agreement, dated as of
      January 28, 2000, among the Corporation, as Servicer, Navistar Financial
      Securities Corporation, as Seller, Kitty Hawk Funding Corporation, as
      conduit purchaser and assignee of Receivables Capital Corporation, and
      Bank of America, National Association, as Administrative Agent for the
      Purchasers, and as a Committed Purchaser.   Filed as
      Exhibit 10.134 to the Corporation’s Form 10-K on December 10, 2007.
      Commission File No. 001-04146.

            
	 
      	 
      
	
              10.36

            	
              Amended
      and Restated Certificate Purchase Agreement dated as of October 23, 2007
      to the amended and restated Certificate dated December 27,
      2004  between Navistar Financial Securities Corporation, as
      Seller and Navistar Financial Corporation, as Servicer, Kitty Hawk Funding Corporation, as a
      Conduit Purchaser, Liberty Street Funding Corp., as a Conduit Purchaser,
      Bank of America, National Association, as Administrative Agent for the
      Purchasers, a Managing Agent, and as a Committed Purchaser and the Bank of
      Nova Scotia, as a Committed Purchaser and as a Managing
      Agent.   Filed as Exhibit 10.147 to the Corporation’s Form
      10-K on December 10, 2007. Commission File No.
  001-04146.

            

    

    
      
         

      

      
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              10.37

            	
              Amended
      and Restated Fee Letter dated October 23, 2007, to the Restated Fee Letter
      dated May 26, 2006 amended and restated Certificate Purchase Agreement
      dated December 27, 2004 between Navistar Financial Securities Corporation,
      as Seller, Navistar Financial Corporation, as Servicer, Bank of America,
      National Association and The Bank of Nova Scotia, Kitty Hawk Funding
      Corporation, as a Conduit Purchaser, Liberty Street Funding LLC, as a
      Conduit Purchaser, The Bank of Nova Scotia, as a Managing Agent and as a
      Committed Purchaser, Bank of America, National Association, as
      Administrative Agent, and Bank of America, National Association, as a
      Committed Purchaser and a Managing Agent.   Filed as
      Exhibit 10.148 to the Corporation’s Form 10-K on December 10, 2007.
      Commission File No. 001-04146.

            
	 
      	 
      
	
              10.38

            	
              Amendment
      No. 2 dated October 25, 2007 to the Series 2000-VFC Supplement to the
      Pooling and Servicing Agreement dated January 28, 2000, among Navistar
      Financial Securities Corporation, as Seller, Navistar Financial
      Corporation, as Servicer, The Bank of New York, a New York banking
      corporation, as Master Trust Trustee.   Filed as Exhibit
      10.149 to the Corporation’s Form 10-K on December 10, 2007. Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.39

            	
              Waiver and
      Extension dated December 7, 2007 to the Amended
      and Restated Certificate Purchase Agreement, dated December 27, 2004
      (this “Amendment”)  among Navistar Financial Securities Corporation
      (the “Seller”),  Navistar Financial Corporation (“Servicer”), Kitty
      Hawk Funding Corporation, (“KHFC”), as a Conduit Purchaser, Liberty Street
      Funding LLC (f/k/a Liberty Street Funding Corp. “Liberty Street”), as a
      Conduit Purchaser, The Bank of Nova Scotia (“BNS”), as a Managing Agent
      and a Committed Purchaser, and Bank of America, National Association
      (“Bank of America”), as a Managing Agent, the Administrative Agent and a
      Committed Purchaser.  Filed as Exhibit 10.6 to the Corporation’s
      Form 8-K on December 14, 2007.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.40

            	
              Master
      Owner Trust Agreement dated as of June 10, 2004, between Navistar
      Financial Securities Corporation, as Seller and Chase Manhattan Bank USA,
      N.A. as Master Owner Trust Trustee.  Filed as Exhibit 4.11 to
      Navistar Financial Dealer Note Master Owner Trust’s Form 8-K on June 14,
      2004.  Commission File No. 333-104639-01.

            
	 
      	 
      
	
              10.41

            	
              Indenture,
      dated as of June 10, 2004, between Navistar Financial Dealer Note Master
      Owner Trust, as Issuer, and The Bank of New York, as Indenture
      Trustee.  Filed as Exhibit 4.2 to Navistar Financial Dealer Note
      Master Owner Trust’s Form 8-K on June 14, 2004.  Commission File
      No. 333-104639-01.

            
	 
      	 
      
	
              10.42

            	
              Series
      2005-1 Indenture Supplement to the Indenture, dated as of February 28,
      2005, between Navistar Financial Dealer Note Master Owner Trust, as
      Issuer, and The Bank of New York, as Indenture Trustee.  Filed
      as Exhibit 4.1 to Navistar Financial Dealer Note Master Owner Trust’s Form
      8-K on March 4, 2005.  Commission File No.
      333-104639-01.

            
	 
      	 
      
	
              10.43

            	
              Receivables
      Purchase Agreement dated as of October 16, 2000, between Truck Retail
      Instalment Paper Corp. and the Corporation.  Filed as Exhibit
      10.02 to the Corporation's Form 10-Q on March 15,
      2001.  Commission File No. 001-04146.

            
	 
      	 
      
	
              10.44

            	
              Servicing
      Agreement dated as of October 16, 2000, between the Corporation, as
      Servicer, and Navistar Leasing Company, Harco Leasing Company, Inc., Truck
      Retail Instalment Paper Corp., The Bank of New York as Collateral Agent,
      and Bank One National Association, as Portfolio Trustee.  Filed
      as Exhibit 10.01 to the Corporation's Form 10-Q on March 15,
      2001.  Commission File No. 001-04146.

            
	 
      	 
      
	
              10.45

            	
              Indenture
      Agreement dated as of October 16, 2000, between Truck Retail Instalment
      Paper Corp., as Issuer, and The Bank of New York, as Indenture
      Trustee.  Filed as Exhibit 10.03 to the Corporation's Form 10-Q
      on March 15, 2001.  Commission File No.
  001-04146

            

    

    
      
         

      

      
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              10.46

            	
              Series
      2005-1 Supplement dated as of June 29, 2005, to the Indenture also dated
      October 16, 2000 between Truck Retail Instalment Paper Corp., as Issuer,
      and The Bank of New York, as Indenture Trustee.  Filed as
      Exhibit 10.03 to the Corporation’s Form 8-K on September 1,
      2005.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.47

            	
              Supplement
      No. 1, dated as of July 24, 2001, to Indenture agreement dated October 16,
      2000, among Truck Retail Instalment Paper Corp., as Issuer, and The Bank
      of New York, as Indenture Trustee, to amend the Indenture to (i) revise
      the definition of "Series 2000-1 Loss Reserve Specified Balance", and (ii)
      revise the Amortization Events. Filed as Exhibit 10 to the Corporation’s
      Form 8-K on August 6, 2001.  Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.48

            	
              Supplement
      No. 2, dated as of July 31, 2002, to Indenture agreement dated October 16,
      2000, among Truck Retail Instalment Paper Corp., as Issuer, and The Bank
      of New York, as Indenture Trustee, to amend the Indenture to (i) revise
      the definition of “Series 2000-1 Loss Reserve Specified Balance,” (ii)
      revise the definition of “Reserve Account Trigger Event.”, and (iii)
      revise the definition of “Receivable Sale Closing
      Conditions.”  Filed on the Corporation’s Form 8-K on November
      27, 2002.  Commission File No. 001-04146.

            
	 
      	 
      
	
              10.49

            	
              Receivables
      Purchase Agreement, dated as of April 8, 2004, among Truck Retail Accounts
      Corporation, as Seller, the Corporation, as Servicer, Bank One, NA, as
      Agent, and Jupiter Securitization Corporation, as
      Conduit.  Filed as Exhibit 10.112 to the Corporation’s Form 10-K
      on December 10, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.50

            	
              Receivables
      Sale Agreement, dated as of April 8, 2004, between the Corporation, as
      Transferor, and Truck Retail Accounts Corporation, as
      Transferee.  Filed as Exhibit 10.113 to the Corporation’s Form
      10-K on December 10, 2007. Commission File No.
  001-04146.

            
	 
      	 
      
	
              10.51

            	
              Waiver
      No. 1 to Receivables Purchase Agreement, dated as of January 28, 2005,
      among Truck Retail Accounts Corporation, as Seller, the Corporation, as
      initial Servicer, Bank One, NA, as Agent, and Jupiter Securitization
      Corporation, as Conduit.   Filed as Exhibit 10.114 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.52

            	
              Waiver
      No. 2 to Receivables Purchase Agreement, dated as of March 14, 2005, among
      Truck Retail Accounts Corporation, as Seller, the Corporation, as initial
      Servicer, Bank One, NA, as Agent, and Jupiter Securitization Corporation,
      as Conduit.   Filed as Exhibit 10.115 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.53

            	
              Waiver
      No. 3 to Receivables Purchase Agreement, dated as of April 14, 2005, among
      Truck Retail Accounts Corporation, as Seller, the Corporation, as initial
      Servicer, JP Morgan Chase Bank, N.A.(successor by merger to Bank One, NA),
      as Agent, and Jupiter Securitization Corporation, as
      Conduit.   Filed as Exhibit 10.116 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.54

            	
              Waiver
      No. 4 to Receivables Purchase Agreement, dated as of July 20, 2005, among
      Truck Retail Accounts Corporation, as Seller, the Corporation, as initial
      Servicer, JP Morgan Chase Bank, N.A.(successor by merger to Bank One, NA),
      as Agent, and Jupiter Securitization Corporation, as
      Conduit.  Filed as Exhibit 10.117 to the Corporation’s Form 10-K
      on December 10, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.55

            	
              Waiver
      No. 5 to Receivables Purchase Agreement, dated as of January 17, 2006,
      among Truck Retail Accounts Corporation, as Seller, the Corporation, as
      initial Servicer, JP Morgan Chase Bank, N.A.(successor by merger to Bank
      One, NA), as Agent, and Jupiter Securitization Corporation, as
      Conduit.   Filed as Exhibit 10.118 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            

    

    
      
         

      

      
        E-9

        
          

        

      

      
         

      

    

    

     

    
      	 
      	 
      
	
              10.56

            	
              Waiver
      No. 6 to Receivables Purchase Agreement, dated as of March 21, 2006, among
      Truck Retail Accounts Corporation, as Seller, the Corporation, as initial
      Servicer, JP Morgan Chase Bank, N.A.(successor by merger to Bank One, NA),
      as Agent, and Jupiter Securitization Corporation, as
      Conduit.   Filed as Exhibit 10.119 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.57

            	
              Waiver
      No. 7 to Receivables Purchase Agreement, dated as of January 31, 2007,
      among Truck Retail Accounts Corporation, as Seller, the Corporation, as
      initial Servicer, JP Morgan Chase Bank, N.A.(successor by merger to Bank
      One, NA), as Agent, and Jupiter Securitization Corporation, as Conduit.
      Filed as Exhibit 10.120 to the Corporation’s Form 10-K on December 10,
      2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.58

            	
              Waiver
      No. 1 to Receivables Sale Agreement, dated as of March 21, 2006, among the
      Corporation, as Transferor and Truck Retail Accounts Corporation, as
      Transferee.   Filed as Exhibit 10.121 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.59

            	
              Waiver
      No. 2 to Receivables Sale Agreement, dated as of January 31, 2007, among
      the Corporation, as Transferor and Truck Retail Accounts Corporation, as
      Transferee.   Filed as Exhibit 10.122 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.60

            	
              Amendment
      No. 1 to Receivables Purchase Agreement, dated as of March 31, 2005, among
      Truck Retail Accounts Corporation, as Seller, the Corporation, as initial
      Servicer, Bank One, NA, as Agent, and Jupiter Securitization Corporation,
      as Conduit.   Filed as Exhibit 10.123 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.61

            	
              Amendment
      No. 2 to Receivables Purchase Agreement, dated as of August 14, 2005,
      among Truck Retail Accounts Corporation, as Seller, the Corporation, as
      initial Servicer, JP Morgan Chase Bank, N.A.(successor by merger to Bank
      One, NA), as Agent, and Jupiter Securitization Corporation, as
      Conduit.  Filed as Exhibit 10.124 to the Corporation’s Form 10-K
      on December 10, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.62

            	
              Amendment
      No. 3 to Receivables Purchase Agreement, dated as of August 11, 2006,
      among Truck Retail Accounts Corporation, as Seller, the Corporation, as
      initial Servicer, JP Morgan Chase Bank, N.A.(successor by merger to Bank
      One, NA), as Agent, and Jupiter Securitization Corporation, as Conduit.
      Filed as Exhibit 10.125 to the Corporation’s Form 10-K on December 10,
      2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.63

            	
              Amendment
      No. 4 dated August 10, 2007 to the Receivables Purchase Agreement, dated
      as of April 8, 2004, among Truck Retail Accounts Corporation, as Seller,
      the Corporation, as Servicer, JP Morgan Chase Bank, N.A. (successor by
      merger to Bank One, NA), as Agent, and Jupiter Securitization Corporation,
      as Conduit.  Filed as Exhibit 10.128 to the Corporation’s Form
      10-K on December 10, 2007. Commission File No.
  001-04146.

            
	 
      	 
      
	
              10.64

            	
              Amendment
      No. 5 dated August 15, 2007 to the Receivables Purchase Agreement, dated
      as of April 8, 2004, among Truck Retail Accounts Corporation, as Seller,
      the Corporation, as Servicer, JP Morgan Chase Bank, N.A. (successor by
      merger to Bank One, NA), as Agent, Jupiter Securitization Company, LLC,
      and JS Siloed Trust, as Trust.   Filed as Exhibit 10.135 to
      the Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            

    

    
      
         

      

      
        E-10

        
          

        

      

      
         

      

    

    

     

    
      	 
      	 
      
	
              10.65

            	
              First
      Amended Control Agreement, dated as of February 20, 2007, among Truck
      Retail Accounts Corporation, as Seller, the Corporation, as Servicer, JP
      Morgan Chase Banks N.A. (successor by merger to Bank One, N.A.), as Agent,
      and The Bank of New York (successor to JP Morgan Chase Bank, N.A.), as
      Securities Intermediary.  Filed as Exhibit 10.138 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.66

            	
              Waiver
      No.
      8 dated October 23, 2007 to the Receivables Purchase Agreement
      dated as of April 8, 2004 among Truck Retail Accounts Corporation, as
      Seller, Navistar
      Financial Corporation, as initial Servicer, 
      JS Siloed Trust as assignee of Jupiter Securitization Company LLC,
      and JPMorgan Chase Bank, N.A. (successor by merger to Bank One,
      NA), as agent.   Filed as Exhibit 10.150 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.67

            	
              Waiver
      No. 3 dated October 23, 2007 to the Receivables Sale Agreement dated as of
      April 8, 2004 among Navistar Financial Corporation, a Delaware
      corporation, as
      Transferor, and Truck Retail Accounts Corporation, as
      Transferee.   Filed as Exhibit 10.151 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.68

            	
              Fourth
      Waiver dated November 28, 2007 to the Receivable Sale Agreement dated
      April 8, 2004, among Navistar Financial Corporation, as Transferor, and
      Truck Retail Accounts Corporation, as Transferee.  Filed as
      Exhibit 10.11 to the Corporation’s Form 8-K on December 14,
      2007.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.69

            	
              Ninth
      Waiver (this “Waiver”), dated November 28, 2007 to the
      Receivable Purchase Agreement dated April 8, 2004, among Truck Retail
      Accounts Corporation, a Delaware corporation (“Seller”), Navistar
      Financial Corporation, a Delaware corporation (“Navistar”), as initial
      Servicer (Navistar, together with Seller, the “Seller Parties” and each a
      “Seller Party”), the entities set forth on the signature pages to this
      Agreement (together with any of their respective successors and assigns
      hereunder, the “Financial Institutions”), JS Siloed Trust as assignee of
      Jupiter Securitization Company LLC (“Trust”), and JPMorgan Chase Bank,
      N.A. (successor by merger to Bank One, NA (Main Office Chicago)), as agent
      for the Purchasers.    Filed as Exhibit 10.11 to the
      Corporation’s Form 8-K on December 14, 2007.   Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.70

            	
              Purchase
      Agreement dated as of July 27, 2005, between the Corporation and Navistar
      Financial Retail Receivables Corporation, with respect to Navistar
      Financial 2005-A Owner Trust.  Filed as Exhibit 99.1 to Navistar
      Financial Retail Receivables Corporation Owner Trust 2005-A’s Form 8-K on
      July 27, 2005.  Commission File No.
    333-115716-01.

            
	 
      	 
      
	
              10.71

            	
              Pooling
      Agreement dated as of July 27, 2005 among Navistar Financial Retail
      Receivables Corporation, as Seller, and Navistar Financial 2005-A Owner
      Trust, as Issuer.  Filed as Exhibit 4.1 to Navistar Financial
      Retail Receivables Corporation Owner Trust 2005-A Form 8-K on July 27,
      2005.   Commission File
      No.  333-115716-01.

            
	 
      	 
      
	
              10.72

            	
              Servicing
      Agreement dated as of July 27, 2005, between the Corporation, as Servicer,
      Navistar Leasing Company, Harco Leasing Company, Inc., Navistar Financial
      Retail Receivables Corporation, The Bank of New York as Collateral Agent
      and as Indenture Trustee, JP Morgan Trust Company, National Association,
      (as successor-in-interest to Bank One, National Association),as Portfolio
      Trustee, and Navistar Financial 2005-A Owner Trust, as
      Issuer.  Filed as Exhibit 99.3 to Navistar Financial Retail
      Receivables Corporation Owner Trust 2005-A’s Form 8-K on July 27.
      2005.   Commission File No.
  333-115716-01.

            
	 
      	 
      

    

    
      
         

      

      
        E-11

        
          

        

      

      
         

      

    

    

     

    
      	
              10.73

            	
              Trust
      Agreement dated as of July 27, 2005, between Navistar Financial Retail
      Receivables Corporation, as Seller, and Chase Bank USA, National
      Association, as Owner Trustee, with respect to Navistar Financial 2005-A
      Owner Trust.    Filed as Exhibit 4.3 to Navistar
      Financial Retail Receivables Corporation Owner Trust 2005-A’s Form 8-K on
      July 27, 2005.  Commission File
      No.  333-115716-01.

            
	 
      	 
      
	
              10.74

            	
              Indenture
      dated as of July 27, 2005, between Navistar Financial 2005-A Owner Trust
      and The Bank of New York, as Indenture Trustee, with respect to Navistar
      Financial 2005-A Owner Trust.  Filed as Exhibit 4.2 to Navistar
      Financial Retail Receivables Corporation Owner Trust 2005-A’s Form 8-K on
      July 27, 2005.  Commission File No.
    333-115716-01.

            
	 
      	 
      
	
              10.75

            	
              Purchase
      Agreement dated as of September 1, 2006, between the Corporation and
      Navistar Financial Retail Receivables Corporation, with respect to
      Navistar Financial 2006-ARC Owner Trust. Filed as Exhibit 10.5 to the
      Corporation’s Form 8-K on September 8, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.76

            	
              Pooling
      Agreement dated as of September 1, 2006 among Navistar Financial Retail
      Receivables Corporation, as Seller, and Navistar Financial 2006-ARC Owner
      Trust, as Issuer. Filed as Exhibit 10.2 to the Corporation’s Form 8-K on
      September 8, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.77

            	
              Servicing
      Agreement dated as of September 1, 2006, between the Corporation, as
      Servicer, Navistar Leasing Company, Harco Leasing Company, Inc., Navistar
      Financial Retail Receivables Corporation, The Bank of New York as
      Collateral Agent, LaSalle Bank National Association, as Indenture Trustee,
      JP Morgan Trust Company, National Association, (as successor-in-interest
      to Bank One, National Association), as Portfolio Trustee, and Navistar
      Financial 2006-ARC Owner Trust, as Issuer. Filed as Exhibit 10.6 to the
      Corporation’s Form 8-K on September 8, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.78

            	
              Trust
      Agreement dated as of September 1, 2006, between Navistar Financial Retail
      Receivables Corporation, as Seller, and Chase Bank USA, National
      Association, as Owner Trustee, with respect to Navistar Financial 2006-ARC
      Owner Trust. Filed as Exhibit 10.4 to the Corporation’s Form 8-K on
      September 8, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.79

            	
              Indenture
      dated as of September 1, 2006, between Navistar Financial 2006-ARC Owner
      Trust and LaSalle Bank National Association, as Indenture Trustee, with
      respect to Navistar Financial 2006-ARC Owner Trust. Filed as Exhibit 10.3
      to the Corporation’s Form 8-K on September 8, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.80

            	
              Note
      Purchase Agreement, dated as of September 1, 2006, among Navistar
      Financial Retail Receivables Corporation, as Seller, Navistar Financial
      Corporation, as Servicer, ABN AMRO Bank N.V, as Funding Agent for the
      Investors and as an alternate investor, Amsterdam Funding Corporation, as
      Conduit Investor.  Filed as Exhibit 10.1 to the Corporation’s
      Form 8-K on September 8, 2006. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.81

            	
              Amendment
      No. 1 to the Pooling Agreement, dated as of January 31, 2007, among
      Navistar Financial Retail Receivables Corporation (the “Seller”), and
      Navistar Financial 2006-ARC Owner Trust, as Issuer.  Filed as
      Exhibit 10.126 to the Corporation’s Form 10-K on December 10, 2007.
      Commission File No. 001-04146.

            

    

    
      
         

      

      
        E-12

        
          

        

      

      
         

      

    

    

     

    
      	10.82	 
      

              Waiver
      dated January 31, 2007 to (i) the Indenture dated as of September 1, 2006
      between Navistar Financial 2006-ARC Owner Trust, a Delaware statutory
      trust, and LaSalle Bank National Association, a national banking
      association, as Indenture Trustee, (ii) the Note Purchase Agreement dated
      as of September 1, 2006, among Navistar Financial Retail Receivables
      Corporation, as Seller, Navistar Financial Corporation, Amsterdam Funding
      Corporation, as a Conduit Investor, and ABN AMRO Bank, N.V., as Funding
      Agent and an Alternate Investor, (iii) the Servicing Agreement dated as of
      September 1, 2006, among Navistar Leasing Company, Harco Leasing Company,
      Inc., Navistar Financial Retail Receivables Corporation, The Bank of New
      York Trust Company, N.A., as Collateral Agent, JP Morgan Trust Company,
      National Association, (as successor-in-interest to Bank One, National
      Association), as Portfolio Trustee, Navistar Financial 2006-ARC Owner
      Trust, as Issuer, NFC, as Servicer, and LaSalle Bank, National
      Association, as Indenture Trustee, and (iv) the ISDA Master Agreement
      dated as of September 1, 2006 between LaSalle Bank National Association
      and Navistar Financial Corporation.  Filed as Exhibit 10.130 to
      the Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	
               

            	
               

            
	
              10.83

            	
              Waiver
      dated October 23, 2007 to (i) the indenture dated as of September 1, 2006
      between Navistar Financial 2006-ARC Owner Trust, a Delaware statutory
      trust, and LaSalle Bank National Association, a national banking
      association, as indenture trustee (ii) the Note Purchase Agreement dated
      as of September 1, 2006, among Navistar Financial Retail Receivables
      Corporation, as the Seller, Navistar Financial Corporation , Amsterdam
      Funding Corporation, as a Conduit Investor, and ABN AMRO Bank, N.V., as
      Funding Agent and an Alternate Investor, (iii) the Servicing Agreement
      dated as of September 1, 2006 (the “Servicing Agreement”), among Navistar
      Leasing Company, Harco Leasing Company, Inc., Navistar Financial Retail
      Receivables Corporation, The Bank of New York Trust Company, N.A., as
      Collateral Agent, JP Morgan Trust Company, National Association (as
      successor-in-interest to Bank One, National Association), as Portfolio
      Trustee, Navistar Financial 2006-ARC Owner Trust, as Issuer, Navistar
      Financial Corporation, as Servicer, and LaSalle Bank, National
      Association, as Indenture Trustee, and (iv) the ISDA Master Agreement
      dated as of September 1, 2006 between LaSalle Bank National Association
      (in such capacity, the “Swap Counterparty”) and Navistar Financial
      Corporation.  Filed as Exhibit 10.154 to the Corporation’s Form
      10-K on December 10, 2007. Commission File No.
001-04146

            
	 
      	 
      
	
              10.84

            	
              Waiver
      dated December 6, 2007 to the Indenture dated as of  September 1,
      2006 (as amended, the "Indenture") between Navistar Financial 2006-ARC
      Owner Trust, a Delaware statutory trust, and LaSalle Bank National
      Association, a national banking association, as indenture trustee (in such
      capacity, the "Indenture Trustee"), (b) the Note Purchase Agreement dated
      as of September 1, 2006 (the "Note Purchase Agreement"), among Navistar
      Financial Retail Receivables Corporation (the "Seller"), Navistar
      Financial Corporation ("NFC"), Amsterdam Funding Corporation, as a Conduit
      Investor, and ABN AMRO Bank, N.V., as Funding Agent and an Alternate
      Investor , (c) the Servicing Agreement dated as of September 1, 2006 (the
      "ServicingAgreement"), among Navistar Leasing Company, Harco Leasing
      Company, Inc., Navistar Financial Retail Receivables Corporation, The Bank
      of New York Trust Company, N.A., as Collateral Agent, JP Morgan Trust
      Company, National Association (as successor-in-interest to Bank One,
      National Association), as Portfolio Trustee, Navistar Financial 2006-ARC
      Owner Trust, as Issuer, NFC, as Servicer, and LaSalle Bank, National
      Association, as Indenture Trustee, and (d) the ISDA Master Agreement dated
      as of September 1, 2006 between LaSalle Bank National Association (in such
      capacity, the "Swap Counterpartv") and Navistar Financial Corporation.
      Filed as Exhibit 10.9 to the Corporation’s Form 8-K on December 14,
      2007.   Commission File No. 001-04146.

            
	
               

            

    

    
    

    
      
         

      

      
        E-13

        
          

        

      

      
         

      

    

    

     

    
      	
              10.85

            	
              Purchase
      Agreement dated as of February 27, 2006, between the Corporation and
      Navistar Financial Retail Receivables Corporation, with respect to
      Navistar Financial 2006-BOA Owner Trust. Filed as Exhibit 10.5 to the
      Corporation’s Form 8-K on April 5, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.86

            	
              Pooling
      Agreement dated as of February 27, 2006 among Navistar Financial Retail
      Receivables Corporation, as Seller, and Navistar Financial 2006-BOA Owner
      Trust, as Issuer. Filed as Exhibit 10.2 to the Corporation’s Form 8-K on
      April 5, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.87

            	
              Servicing
      Agreement dated as of February 27, 2006, between the Corporation, as
      Servicer, Navistar Financial Retail Receivables Corporation, The Bank of
      New York as Indenture Trustee, and Navistar Financial 2006-BOA Owner
      Trust, as Issuer. Filed as Exhibit 10.6 to the Corporation’s Form 8-K on
      April 5, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.88

            	
              Trust
      Agreement dated as of February 27, 2006, between Navistar Financial Retail
      Receivables Corporation, as Seller, and Chase Bank USA, National
      Association, as Owner Trustee, with respect to Navistar Financial 2006-BOA
      Owner Trust. Filed as Exhibit 10.4 to the Corporation’s Form 8-K on April
      5, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.89

            	
              Indenture
      dated as of February 27, 2006, between Navistar Financial 2006-BOA Owner
      Trust and The Bank of New York, as Indenture Trustee, with respect to
      Navistar Financial 2006-BOA Owner Trust. Filed as Exhibit 10.3 to the
      Corporation’s Form 8-K on April 5, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.90

            	
              Note
      Purchase Agreement, dated as of February 27, 2006, among Navistar
      Financial Retail Receivables Corporation, as Seller, Navistar Financial
      Corporation, as Servicer, Bank of America,, as Agent for the Investors,
      Administrator and as an alternate investor, Kitty Hawk Funding
      Corporation, as the Conduit Investor.  Filed as Exhibit 10.1 to
      the Corporation’s Form 8-K on April 5, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.91

            	
              Amendment
      dated January 31, 2007 to the Note Purchase Agreement, dated as of
      February 27, 2006, among Navistar Financial Retail Receivables
      Corporation, as Seller, the Corporation, as Servicer, Kitty Hawk Funding
      Corporation, as Conduit Investor, and Bank of America, National
      Association, as Agent.   Filed as Exhibit 10.139 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.92

            	
              Amendment
      to Note Purchase Agreement dated as of October 23, 2007, between Navistar
      Financial Retail Receivables Corporation, as Seller, Navistar Financial
      Corporation, as Servicer, Kitty Hawk Funding Corporation, as a Conduit
      Investor, and Bank of America, National Association, as Agent, the
      Administrator and an Alternate Investor.   Filed as Exhibit
      10.157 to the Corporation’s Form 10-K on December 10, 2007. Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.93

            	
              Amendment
      dated December  7, 2007 to the Note Purchase Agreement, (this
      “Amendment”), among Navistar Financial Retail Receivables Corporation (the
      “Seller”), Navistar Financial Corporation (“Servicer”), Kitty Hawk Funding
      Corporation, (“KHFC”), as a Conduit Investor, and Bank of America,
      National Association (“Bank of America”), as Agent, the Administrator and
      an Alternate Investor.  Filed as Exhibit 10.5 to the
      Corporation’s Form 8-K on December 14, 2007.   Commission
      File No. 001-04146.

               

            
	
              10.94

            	
              Purchase
      Agreement dated as of October 20, 2006, between the Corporation and
      Navistar Financial Retail Receivables Corporation, with respect to
      Navistar Financial 2006-RBC Owner Trust. Filed as Exhibit 10.5 to the
      Corporation’s Form 8-K on October 25, 2006. Commission File No.
      001-04146.

            

    

    
      
         

      

      
        E-14

        
          

        

      

      
         

      

    

    

     

    
      	 
      	 
      
	
              10.95

            	
              Pooling
      Agreement dated as of October 20, 2006 among Navistar Financial Retail
      Receivables Corporation, as Seller, and Navistar Financial 2006-RBC Owner
      Trust, as Issuer. Filed as Exhibit 10.2 to the Corporation’s Form 8-K on
      October 25, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.96

            	
              Servicing
      Agreement dated as of October 20, 2006, between the Corporation, as
      Servicer, Navistar Financial Retail Receivables Corporation, The Bank of
      New York as Indenture Trustee, and Navistar Financial 2006-RBC Owner
      Trust, as Issuer. Filed as Exhibit 10.6 to the Corporation’s Form 8-K on
      October 25, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.97

            	
              Trust
      Agreement dated as of October 20, 2006, between Navistar Financial Retail
      Receivables Corporation, as Seller, and Chase Bank USA, National
      Association, as Owner Trustee, with respect to Navistar Financial 2006-RBC
      Owner Trust. Filed as Exhibit 10.4 to the Corporation’s Form 8-K on
      October 25, 2006. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.98

            	
              Indenture
      dated as of October 20, 2006, between Navistar Financial 2006-RBC Owner
      Trust and The Bank of New York, as Indenture Trustee, with respect to
      Navistar Financial 2006-RBC Owner Trust. Filed as Exhibit 10.3 to the
      Corporation’s Form 8-K on October 25, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.99

            	
              Note
      Purchase Agreement, dated as of October 20, 2006, among Navistar Financial
      Retail Receivables Corporation, as seller, Navistar Financial Corporation,
      as Servicer, Royal Bank of Canada, as Agent for the Investors, and Thunder
      Bay Funding LLC, as Conduit Investor.  Filed as Exhibit 10.1 to
      the Corporation’s Form 8-K on October 25, 2006. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.100

            	
              Amendment
      No.1 to the Pooling Agreement, dated as of May 31, 2007, among Navistar
      Financial Retail Receivables Corporation (the “Seller”), and Navistar
      Financial 2006-RBC Owner Trust, as Issuer.  Filed as Exhibit
      10.127 to the Corporation’s Form 10-K on December 10, 2007. Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.101

            	
              Waiver
      dated March 31, 2007 to (i) the Note Purchase Agreement, dated as of
      October 20, 2006, among Navistar Financial Retail Receivables Corporation,
      as Seller, Navistar Financial Corporation, individually and as Servicer,
      Thunder Bay Funding, LLC., as Conduit Investor, and Royal Bank of Canada,
      as Agent and (ii) the Servicing Agreement, dated as of October 20, 2006,
      among Navistar Financial Retail Receivables, Navistar Financial 2006-RBC
      Owner Trust, as issuer, Navistar Financial Corporation, as Servicer, and
      The Bank of New York, as Indenture Trustee.   Filed as
      Exhibit 10.137 to the Corporation’s Form 10-K on December 10, 2007.
      Commission File No. 001-04146.

               

            
	
              10.102

            	
              Waiver
      dated October 23, 2007 to (i) the Note Purchase Agreement, dated as of
      October 20, 2006 among Navistar Financial Retail Receivables Corporation,
      as Seller, Navistar Financial Corporation, individually and as Servicer,
      Thunder Bay Funding, LLC, as Conduit Investor, and Royal Bank of Canada,
      as Agent and (ii) the Servicing Agreement, dated as of October 20, 2006,
      among Navistar Financial Retail Receivables Corporation, Navistar
      Financial 2006-RBC Owner Trust, as Issuer, Navistar Financial Corporation
      , as Servicer, and The Bank of New York, as Indenture
      Trustee.    Filed as Exhibit 10.155 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            

    

    
      
         

      

      
        E-15

        
          

        

      

      
         

      

    

    

     

    
      	 
      	 
      
	
              10.103

            	
              Waiver
      dated December  6, 2007 to the Note Purchase Agreement, dated as of
      October 20, 2006 (as in effect on the date hereof, the “Note Purchase
      Agreement”) among Navistar Financial Retail Receivables Corporation
      (“NFRRC”), as Seller, Navistar Financial Corporation, individually (“NFC”)
      and as Servicer, Thunder Bay Funding, LLC, as Conduit Investor, and Royal
      Bank of Canada, as Agent and (ii) the Servicing Agreement, dated as of
      October 20, 2006, among NFRRC, Navistar Financial 2006-RBC Owner Trust, as
      Issuer, NFC, as Servicer, and The Bank of New York, as Indenture
      Trustee.  Filed as Exhibit 10.4 to the Corporation’s Form 8-K on
      December 14, 2007.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.104

            	
              Purchase
      Agreement dated as of June 22, 2007, between the Corporation and Navistar
      Financial Retail Receivables Corporation, with respect to Navistar
      Financial 2007-BNS Owner Trust. Filed as Exhibit 10.5 to the Corporation’s
      Form 8-K on June 27, 2007. Commission File No.
  001-04146.

            
	 
      	 
      
	
              10.105

            	
              Pooling
      Agreement dated as of June 22, 2007 among Navistar Financial Retail
      Receivables Corporation, as Seller, and Navistar Financial 2007-BNS Owner
      Trust, as Issuer. Filed as Exhibit 10.2 to the Corporation’s Form 8-K on
      June 27, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.106

            	
              Servicing
      Agreement dated as of June 22, 2007, between the Corporation, as Servicer,
      Navistar Financial Retail Receivables Corporation, The Bank of New York as
      Indenture Trustee, and Navistar Financial 2007-BNS Owner Trust, as Issuer.
      Filed as Exhibit 10.6 to the Corporation’s Form 8-K on June 27, 2007.
      Commission File No. 001-04146.

            
	 
      	 
      
	
              10.107

            	
              Trust
      Agreement dated as of June 22, 2007, between Navistar Financial Retail
      Receivables Corporation, as Seller, and Deutsche Bank Trust Company
      Delaware, as Owner Trustee, with respect to Navistar Financial 2007-BNS
      Owner Trust. Filed as Exhibit 10.4 to the Corporation’s Form 8-K on June
      27, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.108

            	
              Indenture
      dated as of June 22, 2007, between Navistar Financial 2007-BNS Owner Trust
      and The Bank of New York, as Indenture Trustee, with respect to Navistar
      Financial 2007-BNS Owner Trust. Filed as Exhibit 10.3 to the Corporation’s
      Form 8-K on June 27, 2007. Commission File No.
  001-04146.

            
	 
      	 
      
	
              10.109

            	
              Note
      Purchase Agreement, dated June 22, 2007, among Navistar Financial Retail
      Receivables Corporation, as Seller, Navistar Financial Corporation, as
      Servicer, The Bank of Nova Scotia, as Agent for the Investors, and Liberty
      Street Funding LLC, as the Conduit Investor.  Filed as Exhibit
      10.1 to the Corporation’s Form 8-K on June 22, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.110

            	
              Waiver
      dated October 23, 2007 to (i) the Note Purchase Agreement dated as of June
      22, 2007 among Navistar Financial Retail Receivables Corporation, as
      Seller, Navistar Financial Corporation, individually and as Servicer,
      Liberty Street Funding, LLC, as the Conduit Investor, and The Bank of Nova
      Scotia, as Agent for the Investors, and (ii) the Servicing Agreement,
      dated as of June_22, 2007, among Navistar Financial Retail Receivables
      Corporation, Navistar Financial 2007-BNS Owner Trust, as Issuer, Navistar
      Financial, as Servicer, and The Bank of New York, as Indenture
      Trustee.   Filed as Exhibit 10.156 to the Corporation’s
      Form 10-K on December 10, 2007. Commission File No.
001-04146.

               

            
	
              10.111

            	
              Waiver
      dated December 6, 2007 to the Note Purchase Agreement, dated as of
      June 22, 2007 (as in effect on the date hereof, the “Note Purchase
      Agreement”) among Navistar Financial Retail Receivables Corporation
      (“NFRRC”), as Seller, Navistar Financial Corporation, individually (“NFC”)
      and as Servicer, Liberty Street Funding, LLC, as the Conduit Investor, and
      The Bank of Nova Scotia, as Agent for the Investors and (ii) the Servicing
      Agreement, dated as of June 22, 2007, among NFRRC, Navistar Financial
      2007-BNS Owner Trust, as Issuer, NFC, as Servicer, and The Bank of New
      York, as Indenture Trustee.  Filed as Exhibit 10.03 to the
      Corporation’s Form 8-K on December 14, 2007.   Commission
      File No. 001-04146.

            

    

    
      
         

      

      
        E-16

        
          

        

      

      
         

      

    

    

     

    
      	 
      	 
      
	
              10.112

            	
              Note
      Purchasing Agreement, dated as of November 28, 2007, among Navistar
      Financial Retail Receivables Corporation, as Seller, Navistar Financial
      Corporation, individually and as Servicer, Citicorp North America, Inc.,
      as Agent for the Investors, CAFCO, LLC and CRC Funding, LLC as the Conduit
      Investors, and Citibank, N.A., as Committed
      Investor.   Filed as Exhibit 10.1 to the Corporation’s Form
      8-K on November 28, 2007. Commission File No.
001-04146.

            
	 
      	 
      
	
              10.113

            	
              Pooling
      Agreement dated as of November 28, 2007 between Navistar Financial Retail
      Receivables Corporation, as Seller, and Navistar Financial 2007-C Owner
      Trust, as Issuer.  Filed as Exhibit 10.2 to the Corporation’s
      Form 8-K on November 28, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.114

            	
              Indenture
      dated as of November 28, 2007, between Navistar Financial 2007-C Owner
      Trust, as Issuer, and The Bank of New York, as the Indenture
      Trustee.   Filed as Exhibit 10.3 to the Corporation’s Form
      8-K on November 28, 2007. Commission File No.
001-04146.

            
	 
      	 
      
	
              10.115

            	
              Trust
      Agreement, dated as of November 28, 2007, between Navistar Financial
      Retail Receivables Corporation, as Seller, and Deutsche Bank Trust Company
      Delaware, as Owner Trustee.   Filed as Exhibit 10.4 to the
      Corporation’s Form 8-K on November 28, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.116

            	
              Purchase
      Agreement, dated November 28, 2007, among Navistar Financial Retail
      Receivables Corporation, The Bank of New York, as Indenture Trustee,
      Navistar Financial 2007-C Owner Trust, as Issuer, and Navistar Financial
      Corporation, as Servicer.  Filed as Exhibit 10.5 to the
      Corporation’s Form 8-K on November 28, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.117

            	
              Servicing
      Agreement, dated November 28, 2007, among Navistar Financial Retail
      Receivables Corporation, The Bank of New York, as Indenture Trustee,
      Navistar Financial 2007-C Owner Trust, as Issuer and Navistar Financial
      Corporation, as Servicer.  Filed as Exhibit 10.6 to the
      Corporation’s Form 8-K on November 28, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.118

            	
              Purchase
      Agreement dated as of February 16, 2007, between the Corporation and
      Navistar Financial Retail Receivables Corporation, with respect to
      Navistar Financial 2007-JPM Owner Trust. Filed as Exhibit 10.5 to the
      Corporation’s Form 8-K on February 23, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.119

            	
              Pooling
      Agreement dated as of February 16, 2007 among Navistar Financial Retail
      Receivables Corporation, as Seller, and Navistar Financial 2007-JPM Owner
      Trust, as Issuer. Filed as Exhibit 10.2 to the Corporation’s Form 8-K on
      February 23, 2007. Commission File No. 001-04146.

            
	 
      	 
      
	
              10.120

            	
              Servicing
      Agreement dated as of February 16, 2007, between the Corporation, as
      Servicer, Navistar Financial Retail Receivables Corporation, The Bank of
      New York as Indenture Trustee, and Navistar Financial 2007-JPM Owner
      Trust, as Issuer.  Filed as Exhibit 10.6 to the Corporation’s
      Form 8-K on February 23, 2007. Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.121

            	
              Trust
      Agreement dated as of February 16, 2007, between Navistar Financial Retail
      Receivables Corporation, as Seller, and Deutsche Bank Trust Company
      Delaware, as Owner Trustee, with respect to Navistar Financial 2007-JPM
      Owner Trust.  Filed as Exhibit 10.4 to the Corporation’s Form
      8-K on February 23, 2007. Commission File No.
001-04146.

            
	 
      	 
      

    

    
      
         

      

      
        E-17

        
          

        

      

      
         

      

    

    

     

    
      	
              10.122

            	
              Indenture
      dated as of February 16, 2007, between Navistar Financial 2007-JPM Owner
      Trust and The Bank of New York, as Indenture Trustee, with respect to
      Navistar Financial 2007-JPM Owner Trust. Filed as Exhibit 10.3 to the
      Corporation’s Form 8-K on February 23, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.123

            	
              Note
      Purchase Agreement, dated as of February 16, 2007, among Navistar
      Financial Retail Receivables Corporation, as Seller, Navistar Financial
      Corporation, as Servicer, JPMorgan Chase, N.A., as Agent for the
      Investors, and Jupiter Securitization Company LLC and Falcon Asset
      Securitization Company LLC, Collectively, as the Conduit
      Investor.   Filed as Exhibit 10.1 to the Corporation’s Form
      8-K on February 23, 2007. Commission File No.
001-04146.

            
	 
      	 
      
	
              10.124

            	
              Waiver
      dated October 23, 2007 to (i) the Note Purchase Agreement, dated as of
      February 16, 2007 among Navistar Financial Retail Receivables Corporation,
      as Seller, Navistar Financial Corporation, individually and as Servicer,
      Falcon Asset Securitization Company, LLC, and Park Avenue Receivables
      Company, LLC, as the Conduit Investor, and JP Morgan Chase Bank, as Agent
      for the Investors and (ii) the Servicing Agreement, dated as of February
      16, 2007, among NFRRC, Navistar Financial 2007-JPM Owner Trust, as Issuer,
      Navistar Financial Corporation, as Servicer, and The Bank of New York, as
      Indenture Trustee.    Filed as Exhibit 10.159 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.125

            	
              Waiver
      dated December  6, 2007 to the Note Purchase Agreement, dated as of
      February 16, 2007 between Navistar Financial Retail Receivables
      Corporation ("NFRRC"), as Seller, Navistar Financial Corporation, as
      Servicer, Falcon Asset Securitization Company, LLC, and Park Avenue
      Receivables Company, LLC (as assignee of Jupiter Securitization Company,
      LLC), collectively, as the Conduit Investor, and JP Morgan Chase Bank,
      National Association, as Agent for the Investors and (ii) the Servicing
      Agreement, dated as of February 16, 2007, between NFRRC, Navistar
      Financial 2007-JPM Owner Trust, as Issuer, NFC, as Servicer, and The Bank
      of New York, as Indenture Trustee.  Filed as Exhibit 10.02 to
      the Corporation’s Form 8-K on December 14,
      2007.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.126

            	
              Waiver
      dated January 8, 2007 to the Master Purchase Agreement, dated as of June
      30, 2004, among International Truck Leasing Corp. and Banc of America
      Leasing & Capital LLC.   Filed as Exhibit 10.140 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.127

            	
              Waiver
      dated October 22, 2007 to the Master Purchase Agreement dated as of June
      30, 2004 among Banc of America Leasing & Capital LLC and International
      Truck Leasing Corp.   Filed as Exhibit 10.158 to the
      Corporation’s Form 10-K on December 10, 2007. Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.128

            	
              Waiver
      dated November 20, 2007 to the Master Purchase Agreement dated as of June
      30, 2004 between Banc of America  Leasing & Capital, LLC and
      International Truck Leasing Corporation.   Filed as Exhibit
      10.10 to the Corporation’s Form 8-K on December 14,
      2007.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.129

            	
              Note
      Purchase Agreement, dated as of April 25, 2008, among the Seller, Navistar
      Financial Corporation, individually and as servicer, JPMorgan Chase Bank,
      N.A., as agent for the investors, and JS Siloed Trust, as the conduit
      investor.  Filed as Exhibit 10.1 to the Corporation’s Form 8-K
      on May 1, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.130

            	
              Pooling
      Agreement, dated as of April 25, 2008, between Navistar Financial Retail
      Receivables Corporation, as seller, and Navistar Financial 2008-A Owner
      Trust, as issuer.  Filed as Exhibit 10.2 to the Corporation’s
      Form 8-K on May 1, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      

    

    
      
         

      

      
        E-18

        
          

        

      

      
         

      

    

    

     

    
      	
              10.131

            	
              Indenture,
      dated as of April 25, 2008, between Navistar Financial 2008-A Owner Trust,
      as issuer, and The Bank of New York, as indenture
      trustee.  Filed as Exhibit 10.3 to the Corporation’s Form 8-K on
      May 1, 2008.   Commission File No.
    001-04146.

            
	 
      	 
      
	
              10.132

            	
              Trust
      Agreement, dated as of April 25, 2008, between Navistar Financial Retail
      Receivables Corporation, as seller, and Deutsche Bank Trust Company
      Delaware, as owner trustee.  Filed as Exhibit 10.4 to the
      Corporation’s Form 8-K on May 1, 2008.   Commission File
      No. 001-04146.

            
	 
      	 
      
	
              10.133

            	
              Purchase
      Agreement, dated as of April 25, 2008, between Navistar Financial Retail
      Receivables Corporation and Navistar Financial
      Corporation.  Filed as Exhibit 10.5 to the Corporation’s Form
      8-K on May 1, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.134

            	
              Servicing
      Agreement, dated April 25, 2008, among Navistar Financial Retail
      Receivables Corporation, The Bank of New York, as indenture trustee,
      Navistar Financial 2008-A Owner Trust, as issuer, and Navistar Financial
      Corporation, as servicer.  Filed as Exhibit 10.6 to the
      Corporation’s Form 8-K on May 1, 2008.   Commission File
      No. 001-04146.

            
	 
      	 
      
	
              10.135

            	
              Note
      Purchase Agreement, dated as of July 28, 2008, among the Seller,
      Navistar Financial Corporation, individually and as servicer, Credit
      Suisse, New York Branch, as agent for the investors, Alpine Securitization
      Corp., as the conduit investor, and Credit Suisse, Cayman Islands Branch,
      as the committed investor. Filed as Exhibit 10.1 to the Corporation’s Form
      8-K on July 30, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.136

            	
              Pooling
      Agreement, dated as of July 28, 2008, between Navistar Financial
      Retail Receivables Corporation, as seller, and Navistar Financial 2008-B
      Owner Trust, as issuer. Filed as Exhibit 10.2 to the Corporation’s Form
      8-K on July 30, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.137

            	
              Indenture,
      dated as of July 28, 2008, between Navistar Financial 2008-B Owner
      Trust, as issuer, and The Bank of New York Mellon, as indenture trustee.
      Filed as Exhibit 10.3 to the Corporation’s Form 8-K on July 30,
      2008.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.138

            	
              Trust
      Agreement, dated as of July 28, 2008, between Navistar Financial
      Retail Receivables Corporation, as seller, and Deutsche Bank Trust Company
      Delaware, as owner trustee. Filed as Exhibit 10.4 to the Corporation’s
      Form 8-K on July 30, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.139

            	
              Purchase
      Agreement, dated as of July 28, 2008, between Navistar Financial
      Retail Receivables Corporation and Navistar Financial Corporation. Filed
      as Exhibit 10.5 to the Corporation’s Form 8-K on July 30,
      2008.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.140

            	
              Servicing
      Agreement, dated July 28, 2008, among Navistar Financial Retail
      Receivables Corporation, The Bank of New York Mellon, as indenture
      trustee, Navistar Financial 2008-B Owner Trust, as issuer, and Navistar
      Financial Corporation, as servicer. Filed as Exhibit 10.6 to the
      Corporation’s Form 8-K on July 30, 2008.   Commission File
      No. 001-04146.

            
	 
      	 
      
	
              10.141

            	
              Amendment
      and Extension to Amended and Restated Certificate Purchase Agreement,
      dated October 15, 2008, among Navistar Financial Securities Corporation,
      Navistar Financial Corp., Kitty Hawk Funding Corporation, as a Conduit
      Purchaser, Liberty Street Funding LLC (f/k/a Liberty Street Funding
      Corp.), as a Conduit Purchaser, The Bank of Nova Scotia, as a Managing
      Agent and a Committed Purchaser, and Bank of America, National
      Association, as a Managing Agent, the Administrative Agent and a Committed
      Purchaser. Filed as Exhibit 10.1 to the Corporation’s Form 8-K on October
      21, 2008.   Commission File No.
  001-04146.

            

    

    
      
         

      

      
        E-19

        
          

        

      

      
         

      

    

    

     

    
      	 
      	 
      
	
              10.142

            	
              Amendment
      No. 3, dated October 20, 2008, to the Series 2000-VFC Supplement to the
      Pooling and Servicing Agreement, dated January 28, 2000, among Navistar
      Financial Securities Corporation, as Seller, Navistar Financial Corp., as
      Servicer, and The Bank of New York, a New York banking corporation, as
      Master Trust Trustee. Filed as Exhibit 10.2 to the Corporation’s Form 8-K
      on October 21, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.143

            	
              Omnibus
      Amendment No. 1, dated October 20, 2008, among Navistar Financial
      Retail Receivables Corporation, as Seller, Navistar Financial 2006-BOA
      Owner Trust, as Issuer, and The Bank of New York Mellon, as Indenture
      Trustee, and consented to and acknowledged by Navistar Financial
      Corporation, as Servicer, Bank of America, N.A., as Agent, Kitty Hawk
      Funding Corporation, as Conduit Investor, and Bank of America, N.A., as
      Swap Counterparty. Filed as Exhibit 10.3 to the Corporation’s Form 8-K on
      October 21, 2008.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.144

            	
              Amendment
      No. 8 to Receivables Purchase Agreement, dated October 24, 2008, among
      Truck Retail Accounts Corporation, Navistar Financial Corporation, JS
      Siloed Trust and JPMorgan Chase Bank, N.A., successor by merger to Bank
      One, N.A.Filed as Exhibit 10.1 to the Corporation’s Form 8-K on October
      30, 2008.   Commission File No.
  001-04146.

            
	 
      	 
      
	
              10.145

            	
              Account
      Control Agreement, dated October 24, 2008, among Truck Retail Accounts
      Corporation, as seller, Navistar Financial Corporation, as servicer,
      JPMorgan Chase Bank, N.A., successor by merger to Bank One, N.A., as
      secured party, and The Bank of New York Mellon as successor to JPMorgan
      Chase Bank, N.A., as securities intermediary.  Filed as Exhibit
      10.2 to the Corporation’s Form 8-K on October 30,
      2008.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.146

            	
              Waiver
      and Amendment No. 9, dated as of January 21, 2009, to the Receivables
      Purchase Agreement dated as of April 8, 2004, as heretofore amended (the
      "Agreement"), among Truck Retail Accounts Corporation, a Delaware
      corporation, Navistar Financial Corporation, a Delaware corporation, as
      initial Servicer, the entities listed on Schedule A to the Agreement, JS
      Siloed Trust, and JPMorgan Chase Bank, N.A., successor by merger to Bank
      One, NA, as agent for the Purchasers.   Filed as Exhibit
      10.1 to the Corporation’s Form 10-Q on March 11,
      2009.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.147

            	
              Note
      Purchase Agreement, dated as of April 30, 2009, among the Seller,
      Navistar Financial Corporation, individually and as servicer, Royal Bank
      of Canada, as agent for the investors, and Thunder Bay Funding, LLC, as
      the conduit investor.  Filed as Exhibit 10.1 to the
      Corporation’s Form 8-K on May 6, 2009.   Commission File
      No. 001-04146.

            
	 
      	 
      
	
              10.148

            	
              Pooling
      Agreement, dated as of April 30, 2009, between Navistar Financial
      Retail Receivables Corporation, as seller, and Navistar Financial 2009-A
      Owner Trust, as issuer.  Filed as Exhibit 10.2 to the
      Corporation’s Form 8-K on May 6, 2009.   Commission File
      No. 001-04146.

            
	 
      	 
      
	
              10.149

            	
              Indenture,
      dated as of April 30, 2009, between Navistar Financial 2009-A Owner
      Trust, as issuer, and The Bank of New York Mellon, as indenture
      trustee.   Filed as Exhibit 10.3 to the Corporation’s Form
      8-K on May 6, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.150

            	
              Trust
      Agreement, dated as of April 30, 2009, between Navistar Financial
      Retail Receivables Corporation, as seller, and Deutsche Bank Trust Company
      Delaware, as owner trustee.  Filed as Exhibit 10.4 to the
      Corporation’s Form 8-K on May 6, 2009.   Commission File
      No. 001-04146.

            
	 
      	 
      

    

    
      
         

      

      
        E-20

        
          

        

      

      
         

      

    

    

     

    
      	
              10.151

            	
              Purchase
      Agreement, dated as of April 30, 2009, between Navistar Financial
      Retail Receivables Corporation and Navistar Financial
      Corporation.  Filed as Exhibit 10.5 to the Corporation’s Form
      8-K on May 6, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.152

            	
              Servicing
      Agreement, dated April 30, 2009, among Navistar Financial Retail
      Receivables Corporation, The Bank of New York Mellon, as indenture
      trustee, Navistar Financial 2009-A Owner Trust, as issuer, and Navistar
      Financial Corporation, as servicer.  Filed as Exhibit 10.6 to
      the Corporation’s Form 8-K on May 6, 2009.   Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.153

            	
              Amendment
      No. 1 to Receivables Sale Agreement, dated as of April 30, 2009, between
      Navistar Financial Corporation and Truck Retail Accounts Corporation, as
      consented to by JPMorgan Chase Bank, N.A., as
      agent.   Filed as Exhibit 10.7 to the Corporation’s Form
      8-K on May 6, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.154

            	
              Amended
      and Restated Credit Agreement, dated as of July 1,
      2005.   Filed as Exhibit 10.1 to the Corporation’s Form
      8-K/A on July 29, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.155

            	
              Treasurer’s
      Agreement Number 1, dated January 30, 2009, between Navistar Financial
      Corporation and Navistar, Inc.   Filed as Exhibit 10.1 to
      the Corporation’s Form 8-K on August 6, 2009.   Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.156

            	
              Treasurer’s
      Agreement Number 2, dated July 31, 2009, between Navistar Financial
      Corporation and Navistar, Inc.   Filed as Exhibit 10.2 to
      the Corporation’s Form 8-K on August 6, 2009.  Commission File
      No. 001-04146.

            
	 
      	 
      
	
              10.157

            	
              Amendment
      No. 2 to Receivables Sale Agreement, dated July 31, 2009, between Truck
      Retail Accounts Corporation and Navistar Financial
      Corporation.   Filed as Exhibit 10.3 to the Corporation’s
      Form 8-K on August 6, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.158

            	
              Amendment
      No. 10 to Receivables Purchase Agreement, dated July 31, 2009, among Truck
      Retail Accounts Corporation, Navistar Financial Corporation, JS Siloed
      Trust and JPMorgan Chase Bank, N.A., successor by merger to Bank One,
      N.A.   Filed as Exhibit 10.4 to the Corporation’s Form 8-K
      on August 6, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.159

            	
              Amendment
      No. 4, dated August 25, 2009, to the Series 2000-VFC Supplement to the
      Pooling and Servicing Agreement, dated January 28, 2000, among Navistar
      Financial Securities Corporation, as Seller, Navistar Financial
      Corporation, as Servicer, and The Bank of New York Mellon, a New York
      banking corporation, as Master Trust Trustee.   Filed as
      Exhibit 10.1 to the Corporation’s Form 8-K on August 26,
      2009.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.160

            	
              Amendment
      and Extension to Amended and Restated Certificate Purchase Agreement,
      dated August 25, 2009, among Navistar Financial Securities Corporation,
      Navistar Financial Corporation, Kitty Hawk Funding Corporation, as a
      Conduit Purchaser, Liberty Street Funding LLC (f/k/a Liberty Street
      Funding Corp.), as a Conduit Purchaser, The Bank of Nova Scotia, as a
      Managing Agent and a Committed Purchaser, and Bank of America, National
      Association, as a Managing Agent, the Administrative Agent and a Committed
      Purchaser.    Filed as Exhibit 10.2 to the
      Corporation’s Form 8-K on August 26, 2009.   Commission
      File No. 001-04146.

            
	 
      	 
      
	
              10.161

            	
              Amendment
      No. 11 to the Receivables Purchase Agreement dated October 30,
      2009.   Filed as Exhibit 10.1 to the Corporation’s Form 8-K
      on November 4, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      

    

    
      
         

      

      
        E-21

        
          

        

      

      
         

      

    

    

     

    
      	
              10.162

            	
              Note
      Purchase Agreement, dated October 30, 2009, among Navistar Financial
      Securities Corporation, Navistar Financial Corporation and Banc of America
      Securities LLC, as representative of the Initial
      Purchasers.  Filed as Exhibit 10.2 to the Corporation’s Form 8-K
      on November 17, 2009.   Commission File No.
      333-104639.

               

            	 
      
	
              10.163

            	
              Series
      2009-1 Indenture Supplement to the Indenture, dated November 10, 2009,
      between Navistar Financial Dealer Note Master Owner Trust, as Issuer, and
      The Bank of New York Mellon, a New York banking corporation, as Indenture
      Trustee.  Filed as Exhibit 10.1 to the Corporation’s Form 8-K on
      November 17, 2009.   Commission File No.
      001-04146.

               

            
	
              10.164

            	
              Amendment
      No. 8 to the Pooling and Servicing Agreement, dated November 10, 2009,
      among Navistar Financial Securities Corporation, Navistar Financial
      Corporation and The Bank of New York Mellon, a New York banking
      corporation, as Master Trust Trustee.  Filed as Exhibit 10.2 to
      the Corporation’s Form 8-K on November 17,
      2009.   Commission File No. 001-04146.

               

            
	
              10.165

            	
              Amendment
      No. 1 to Series 2004-1 Supplement to Pooling and Servicing Agreement,
      dated November 10, 2009, among Navistar Financial Securities Corporation,
      Navistar Financial Corporation and The Bank of New York Mellon, a New York
      banking corporation, as Master Trust Trustee.  Filed as Exhibit
      10.3 to the Corporation’s Form 8-K on November 17,
      2009.   Commission File No. 001-04146.

               

            
	
              10.166

            	
              Amendment
      No. 1 to the Master Owner Trust Agreement, dated November 10, 2009,
      between Navistar Financial Securities Corporation and Deutsche Bank Trust
      Company Delaware, a Delaware banking corporation, as Master Owner Trust
      Trustee.  Filed as Exhibit 10.4 to the Corporation’s Form 8-K on
      November 17, 2009.   Commission File No.
      001-04146.

               

            
	
              10.167

            	
              Amendment
      No. 5 to the Series 2000-VFC Supplement to the Pooling and Servicing
      Agreement, dated November 10, 2009, among Navistar Financial Securities
      Corporation, Navistar Financial Corporation and The Bank of New York
      Mellon, a New York banking corporation, as Master Trust
      Trustee.  Filed as Exhibit 10.5 to the Corporation’s Form 8-K on
      November 17, 2009.   Commission File No.
      001-04146.

            
	
              10.168

            	
              Amendment
      to Amended and Restated Certificate Purchase Agreement, dated November 10,
      2009, among Navistar Financial Corporation, Navistar Financial Securities
      Corporation, Kitty Hawk Funding Corporation, as a Conduit Purchaser,
      Liberty Street Funding LLC (f/k/a Liberty Street Funding Corp.), as a
      Conduit Purchaser, The Bank of Nova Scotia, as a Managing Agent and a
      Committed Purchaser, and Bank of America, National Association, as a
      Managing Agent, the Administrative Agent and a Committed
      Purchaser.  Filed as Exhibit 10.6 to the Corporation’s Form 8-K
      on November 17, 2009.   Commission File No.
      001-04146.

               

            
	
              10.169

            	
              Backup
      Servicing Agreement, dated November 10, 2009, among Navistar Financial
      Corporation, Navistar Financial Securities Corporation, The Bank of New
      York Mellon, as Master Trust Trustee, and Wells Fargo Bank, National
      Association, as Backup Servicer.  Filed as Exhibit 10.8 to the
      Corporation’s Form 8-K on November 17, 2009.   Commission
      File No. 333-104639.

               

            
	
              10.170

            	
              Amendment
      No. 1 to the Amended and Restated Master Revolving Credit Agreement, dated
      November 10, 2009, between Navistar Financial Corporation and Navistar
      Financial Securities Corporation.  Filed as Exhibit 10.9 to the
      Corporation’s Form 8-K on November 17, 2009.   Commission
      File No. 333-104639.

               

            
	
              10.171

            	
              Amended
      and Restated Credit Agreement, dated as of December 16, 2009, by and among
      Navistar Financial Corporation, a Delaware corporation, and Navistar
      Financial, S.A. DE C.V., Sociedad Financiera De Objeto Multiple, Entidad
      No Regulada, a Mexican corporation, as borrowers, the lenders party
      thereto, JPMorgan Chase Bank, N.A., as administrative agent, Bank of
      America, N.A., as syndication agent, and The Bank of Nova Scotia, as
      documentation agent.  Filed as Exhibit 10.1 to the Corporation’s
      Form 8-K on December 18, 2009.   Commission File No.
      001-04146.   THIS
      AGREEMENT REPLACES THE EXISTING CREDIT AGREEMENT REFERENCED IN EXHIBIT
      10.07 AND 10.154 ABOVE EFFECTIVE DECEMBER 16,
  2009.

            

    

    
      
         

      

      
        E-22

        
          

        

      

      
         

      

    

    

     

    
      	 
      	 
      
	
              10.172

            	
              Second
      Amended and Restated Parent Guarantee, dated as of December 16, 2009, by
      Navistar International Corporation, a Delaware corporation, in favor of
      JPMorgan Chase Bank, N.A., as administrative agent for the lenders party
      to the Amended and Restated Credit Agreement.  Filed as Exhibit
      10.2 to the Corporation’s Form 8-K on December 18,
      2009.   Commission File No. 001-04146.  PLEASE
      NOTE THIS AGREEMENT REPLACES THE EXISTING AMENDED AND RESTATED PARENT
      GUARANTY INCLUDED AS PART OF EXHIBIT 10.154 ABOVE EFFECTIVE DECEMBER 16,
      2009.

            
	 
      	 
      
	
              10.173

            	
              Second
      Amended and Restated Parents’ Side Agreement, dated as of December 16,
      2009, by and between Navistar International Corporation, a Delaware
      corporation, and Navistar, Inc. (formerly known as International Truck and
      Engine Corporation), a Delaware corporation, for the benefit of the
      lenders from time to time party to the Amended and Restated Credit
      Agreement.  Filed as Exhibit 10.3 to the Corporation’s Form 8-K
      on December 18, 2009.   Commission File No.
      001-04146.  PLEASE
      NOTE THIS AGREEMENT REPLACES THE EXISTING AMENDED AND RESTATED PARENTS’
      SIDE AGREEMENT INCLUDED AS PART OF EXHIBIT 10.154 ABOVE EFFECTIVE DECEMBER
      16, 2009.

            
	 
      	 
      
	
              10.174

            	
              First
      Amendment, dated as of December 16, 2009, to the Amended and Restated
      Security, Pledge and Trust Agreement, dated as of July 1, 2005, between
      Navistar Financial Corporation, a Delaware corporation, and Deutsche Bank
      Trust Company Americas, a corporation duly organized and existing under
      the laws of the State of New York, acting individually and as trustee for
      the holders of the secured obligations under the Amended and Restated
      Credit Agreement.  Filed as Exhibit 10.4 to the Corporation’s
      Form 8-K on December 18, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.175

            	
              Note
      Sale Agreement, dated as of December 16, 2009, between Navistar Financial
      Corporation, a Delaware corporation, and Navistar Financial Asset Sales
      Corp., a Delaware corporation. Filed as Exhibit 10.5 to the Corporation’s
      Form 8-K on December 18, 2009.   Commission File No.
      001-04146.

            
	 
      	 
      
	
              10.176

            	
              Note
      Purchase Agreement, dated as of December 16, 2009, by and between Navistar
      Financial Asset Sales Corp., a Delaware corporation, and Wells Fargo
      Equipment Finance, Inc., a Minnesota corporation.  Filed as
      Exhibit 10.6 to the Corporation’s Form 8-K on December 18,
      2009.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.177

            	
              Servicing
      Agreement, dated as of December 16, 2009, by and between Navistar
      Financial Corporation, a Delaware corporation, and Wells Fargo Equipment
      Finance, Inc., a Minnesota corporation.  Filed as Exhibit 10.7
      to the Corporation’s Form 8-K on December 18,
      2009.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.178

            	
              Loan
      and Security Agreement, dated as of December 16, 2009, by and between
      Navistar Financial Corporation, a Delaware corporation, and Wells Fargo
      Equipment Finance, Inc., a Minnesota corporation.  Filed as
      Exhibit 10.8 to the Corporation’s Form 8-K on December 18,
      2009.   Commission File No. 001-04146.

            
	 
      	 
      
	
              10.179

            	
              Intercreditor
      Agreement, dated as of December 16, 2009, by and among Navistar Financial
      Corporation, a Delaware corporation, Wells Fargo Equipment Finance, Inc.,
      a Minnesota corporation, Deutsche Bank Trust Company Americas, a
      corporation duly organized and existing under the laws of the State of New
      York, acting individually and as trustee for the holders of the secured
      obligations under the Amended and Restated Credit Agreement, and JPMorgan
      Chase Bank, N.A., as administrative agent for the lenders party to the
      Amended and Restated Credit Agreement. Filed as Exhibit 10.9 to the
      Corporation’s Form 8-K on December 18, 2009.   Commission
      File No. 001-04146.

            

    

    

     

    
      
         

      

      
        E-23ex10_1.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
10.1

    AMENDED AND RESTATED
EMPLOYMENT
AGREEMENT

    AGREEMENT dated as of December 16,
2009, between EDWARD J. FRED, residing at 58 West 6th
Street, Deer Park, New York 11729 (“Executive”), and CPI AEROSTRUCTURES, INC., a
New York corporation having its principal office at 60 Heartland Blvd.,
Edgewood, New York 11717 (“Company”);

     

    WHEREAS,
Executive has served as the Company’s Chief Executive Officer and President
pursuant to an Amended and Restated Employment Agreement, dated July 18, 2007
(the “Prior Agreement”); and

     

    WHEREAS,
the Company and Executive desire to amend and restate the Prior Agreement (as so
amended and restated, this “Agreement”) to provide for continued employment of
Executive by the Company for the period and upon the terms and conditions set
forth herein.

     

    IT IS AGREED:

     

    1. Employment, Duties and
Acceptance.

     

     

    1.1 General.  The
Company hereby agrees to the continued employment of Executive as its Chief
Executive Officer (“CEO”) and President.  All of Executive’s powers
and authority in any capacity shall at all times be subject to the direction and
control of the Company’s Board of Directors.  The Board may assign to
Executive such management and supervisory responsibilities and executive duties
for the Company or any subsidiary of the Company, including serving as an
executive officer and/or director of any subsidiary, as are consistent with
Executive’s status as CEO and President.

     

     

    1.2 Full-Time
Position.  Executive accepts such employment and agrees to
devote substantially all of his business time, energies and attention to the
performance of his duties hereunder.  Nothing herein shall be
construed as preventing Executive from making and supervising personal
investments, provided they will not interfere with the performance of
Executive’s duties hereunder or violate the provisions of Section 5.4
hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    1.3 Location.  The
Company will maintain its principal executive offices within a thirty (30) mile
radius of its current location in Edgewood, New York.  Executive shall
undertake such occasional travel, within or outside the United States, as is
reasonably necessary in the interests of the Company.

     

     

    1.4 Board of Directors
Position.  If, at any time during the Term, Executive is not
serving as a director of the Company, he shall nonetheless be invited to attend
each meeting of the Board of Directors of the Company.

     

     

    2. Term.  The
term of Executive’s employment hereunder shall commence on December 16, 2009 and
shall continue until December 31, 2012 (“Term”) unless terminated earlier as
hereinafter provided in this Agreement, or unless extended by mutual written
agreement of the Company and Executive.  Unless the Company and
Executive have otherwise agreed in writing, if Executive continues to work for
the Company after the expiration of the Term, his employment thereafter shall be
under the same terms and conditions provided for in this Agreement, except that
his employment will be on an “at will” basis and the provisions of Sections 4.5
and 4.7(c) shall no longer be in effect.

     

     

    3. Compensation and
Benefits.

     

     

    3.1 Salary.  The
Company shall pay to Executive a salary (“Base Salary”) at the annual rate of:
(i) $318,000 from December 16, 2009 until December 31, 2009; (ii) $337,000 from
January 1, 2010 until December 31, 2010; (iii) $350,000 from January 1, 2011
until December 31, 2011; and (iv) $364,000 from January 1, 2012 until December
31, 2012.  Executive’s compensation shall be paid in equal, periodic
installments in accordance with the Company’s normal payroll
procedures.

     

     

    3.2 Bonus.  In
addition to Base Salary, for each of the years ending December 31, 2009,
2010, 2011 and 2012, Executive shall be paid a bonus (“Bonus”) to be calculated
in the manner set forth on Schedule A annexed
hereto.  The amount of the Bonus shall be pro-rated to the date of
termination of Executive’s employment.  The cash portion of the Bonus
shall be paid, and the stock portion of the Bonus shall be issued, on March
10th (or
the first business day thereafter if such date is not a business day) of the
following year.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

     

    3.3 Benefits.  Executive
shall be entitled to such medical, dental, life, disability and other benefits
as are generally afforded to other executives of the Company, subject to
applicable waiting periods and other conditions.

     

     

    3.4 Vacation.  Executive
shall be entitled to such paid vacation days in each year during the Term and to
a reasonable number of other days off for religious and personal reasons in
accordance with customary Company policy.

     

     

    3.5 Automobile.  During
the Term, the Company shall provide a luxury class automobile (reasonably
satisfactory to Executive) for Executive to be used in connection with the
business of the Company.  The Company shall reimburse Executive for
all costs associated with the use of such automobile, including lease and
insurance costs, repairs and maintenance.

     

     

    3.6 Expenses.  The
Company shall pay or reimburse Executive for all transportation, hotel and other
expenses reasonably incurred by Executive on business trips (including business
class air travel if the scheduled flight is more than two (2) consecutive hours)
and for all other ordinary and reasonable out-of-pocket expenses actually
incurred by him in the conduct of the business of the Company against itemized
vouchers submitted with respect to any such expenses and approved in accordance
with customary procedures.

     

     

    3.7 Club
Membership.  During the Term, Executive shall be entitled to a
country club membership, as long as the Company maintains a group membership at
such club.

     

     

    4. Termination.

     

     

    4.1 Death.  If
Executive dies during the Term, Executive’s employment hereunder shall terminate
and the Company shall pay to Executive’s estate the amount set forth in Section
4.7(a).

     

     

    4.2 Disability.  The
Company, by written notice to Executive, may terminate Executive’s employment
hereunder if Executive shall fail because of illness or incapacity to render
services of the character contemplated by this Agreement for six (6) consecutive
months.  Upon such termination, the Company shall pay to Executive the
amount set forth in Section 4.7(a).

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

     

    4.3 By Company for
“Cause”.  The Company, by written notice to Executive, may
terminate Executive’s employment hereunder for “Cause”.  As used
herein, “Cause” shall mean: (a) the refusal or failure by Executive to carry out
specific directions of the Board which are of a material nature and consistent
with his status as CEO and President, or the refusal or failure by Executive to
perform a material part of Executive’s duties hereunder; (b) the commission by
Executive of a material breach of any of the provisions of this Agreement;
(c) fraud or dishonest action by Executive in his relations with the
Company or any of its subsidiaries or affiliates (“dishonest” for these purposes
shall mean Executive’s knowingly or recklessly making of a material misstatement
or omission for his personal benefit); or (d) the conviction of Executive of a
felony under federal or state law.  Notwithstanding the foregoing, no
“Cause” for termination shall be deemed to exist with respect to Executive’s
acts described in clauses (a) or (b) above, unless the Company shall have given
written notice to Executive within a period not to exceed ten (10) calendar days
of the initial existence of the occurrence, specifying the “Cause” with
reasonable particularity and, within thirty (30) calendar days after such
notice, Executive shall not have cured or eliminated the problem or thing giving
rise to such “Cause;” provided, however, no more than two cure periods need be
provided during any twelve-month period.  Upon such termination, the
Company shall pay to Executive the amount set forth in Section
4.7(b).

     

     

    4.4 By Company Without
“Cause”.  The Company may terminate Executive’s employment
hereunder without “Cause” by giving at least thirty (30) days written notice to
Executive. Upon such termination, the Company shall pay to Executive the amount
set forth in Section 4.7(c).

     

     

    4.5 By Executive for “Good
Reason”.  The Executive, by written notice to the Company, may
terminate Executive’s employment hereunder if a “Good Reason”
exists.  For purposes of this Agreement, “Good Reason” shall mean the
occurrence of any of the following circumstances without the Executive’s prior
written consent:  (a) a substantial and material adverse change in the
nature of Executive’s title, duties or responsibilities with the Company that
represents a demotion from his title, duties or responsibilities as in effect
immediately prior to such change; (b) Executive is not nominated or is removed
from service as a director of the Company; (c) material breach of this Agreement
by the Company; (d) a failure by the Company to make any payment to Executive
when due, unless the payment is not material and is being contested by the
Company, in good faith; (e) any person or entity other than the Company and/or
any officers or directors of the Company as of the date of this Agreement
acquires securities of the Company (in one or more transactions) having 50% or
more of the total voting power of all the Company’s securities then outstanding;
or (f) a liquidation, bankruptcy or receivership of the
Company.  Notwithstanding the foregoing, no “Good Reason” shall be
deemed to exist with respect to the Company’s acts described in clauses (a), (c)
or (d) above, unless Executive shall have given written notice to the Company
within a period not to exceed ten (10) calendar days of the initial existence of
the occurrence, specifying the “Good Reason” with reasonable particularity and,
within thirty (30) calendar days after such notice, the Company shall not have
cured or eliminated the problem or thing giving rise to such “Good Reason”;
provided, however, that no more than two cure periods shall be provided during
any twelve-month period of a breach of clauses (a), (c) or (d)
above.  Upon such termination, the Company shall pay to Executive the
amount set forth in Section 4.7(c).

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

     

    4.6 By Executive Without
Reason.  The Executive may terminate his employment hereunder
by giving at least seventy-five (75) days written notice to the
Company.  Upon such termination, the Company shall pay to Executive
the amount set forth in Section 4.7(a).

     

     

    4.7 Compensation Upon
Termination.  In the event that Executive’s employment
hereunder is terminated, the Company shall pay to Executive the following
compensation:

     

     

    (a) Payment Upon Death or
Disability or by Executive Without Reason.  In the event that
Executive’s employment is terminated pursuant to Sections 4.1, 4.2 or 4.6, the
Company shall no longer be under any obligation to Executive or his legal
representatives pursuant to this Agreement except for: (i) the Base Salary due
Executive pursuant to Section 3.1 hereof through the date of termination; (ii)
any Bonus which would have become payable under Section 3.2 for the year in
which the employment was terminated prorated by multiplying the full amount of
the Bonus by a fraction, the numerator of which is the number of “full calendar
months” worked by Executive during the year of termination and the denominator
of which is twelve (12) (a “full calendar month” is a month in which the
Executive worked at least two weeks); (iii) all earned and previously approved
but unpaid Bonuses for any year prior to the year of termination; (iv) all valid
expense reimbursements, and (v) all accrued but unused vacation
pay.

     

     

    (b) Payment Upon Termination by
the Company For “Cause”.  In the event that the Company
terminates Executive’s employment hereunder pursuant to Section 4.3, the
Company shall have no further obligations to Executive hereunder, except for:
(i) the Base Salary due Executive pursuant to Section 3.1 hereof through the
date of termination; (ii) all valid expense reimbursements; and (iii) all unused
vacation pay through the date of termination required by law to be
paid.

     

     

    (c) Payment Upon Termination by
Company Without Cause or by Executive for Good Reason. In the event that
Executive’s employment is terminated pursuant to Sections 4.4 or 4.5, the
Company shall have no further obligations to Executive hereunder except for: (i)
the Base Salary due Executive pursuant to Section 3.1 hereof from the date of
termination through the end of the Term (the “Post-Termination Period”), provided that, if the Post
Termination period exceeds two (2) years, the aggregate amount payable to
Executive during such period shall instead be paid over two (2) years, in equal,
periodic installments in accordance with the Company’s normal payroll
procedures, commencing the first payroll period following the date of
termination; (ii) all earned and previously approved but unpaid Bonuses; (iii)
all valid expense reimbursements; (iv) all accrued but unused vacation pay; and
(v) the same medical insurance covering Executive as of the date of termination
through June 30, 2014.  Notwithstanding the foregoing, if a “change of
control” of the Company (as described in Section 4.5(e)) occurs prior to a
termination of Executive’s employment pursuant to Sections 4.4 or 4.5 and if
Executive’s employment is then terminated pursuant to Sections 4.4 or 4.5, then
at the option of Executive, in lieu of the above compensation and benefits, the
Company shall pay to Executive an amount equal to 2.99 times the lesser of (a)
the total compensation (including salary and bonus) earned by Executive during
the last full calendar year of his employment, or (b) the average present value
of Executive’s total compensation (including salary and bonus) for the five (5)
calendar years ending before the change of control (the “Change of Control
Payment”).  The Change of Control Payment will be paid in two (2)
installments as follows: (i) the first installment will be paid on the date
Executive’s employment with the Company is terminated, in an amount equal to two
(2) times the lesser of: (a) the sum of Executive’s total compensation
(including salary and bonus) for the calendar year preceding the year in which
Executive’s employment with the Company is terminated (adjusted for any increase
during that year that was expected to continue indefinitely if Executive had not
terminated employment), or (b) the maximum amount that may be taken into account
under a qualified plan under Internal Revenue Code section 401(a)(17) for the
year in which Executive’s employment with the Company is terminated; and (ii)
the second installment will be paid on the first business day following the day
that is six (6) months after the date Executive’s employment with the Company is
terminated, in an amount equal to the balance of the Change of Control
Payment.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

     

    (d) Executive
shall have no duty to mitigate awards paid or payable to him pursuant to this
Agreement, and any compensation paid or payable to Executive from sources other
than the Company will not offset or terminate the Company’s obligation to pay to
Executive the full amounts pursuant to this Agreement.

     

     

    4.8 Resignation as Member of
Board.  If Executive’s employment hereunder is terminated for
any reason, then Executive shall, at the Company’s request, resign as a director
of the Company and all of its subsidiaries, effective upon the date of such
termination.

     

     

    5. Protection of Confidential
Information; Non-Competition.

     

     

    5.1 Acknowledgment.  Executive
acknowledges that:

     

     

    (a) As a
result of his current and prior employment with the Company, Executive has
obtained and will obtain secret and confidential information concerning the
business of the Company and its subsidiaries (referred to collectively in this
Section 5 as the “Company”), including, without limitation, financial
information, proprietary rights, trade secrets and “know-how,” customers and
sources (“Confidential Information”).

     

     

    (b) The
Company will suffer substantial damage which will be difficult to compute if,
during the period of his employment with the Company or thereafter, Executive
should enter a business competitive with the Company or divulge Confidential
Information.

     

     

    (c) The
provisions of this Agreement are reasonable and necessary for the protection of
the business of the Company.

     

     

    5.2 Confidentiality.  Executive
agrees that he will not at any time, during the Term or thereafter, divulge to
any person or entity any Confidential Information obtained or learned by him as
a result of his employment with the Company, except (i) in the course of
performing his duties hereunder, (ii) with the Company’s prior written consent;
(iii) to the extent that any such information is in the public domain other than
as a result of Executive’s breach of any of his obligations hereunder; or (iv)
where required to be disclosed by court order, subpoena or other government
process.  If Executive shall be required to make disclosure pursuant
to the provisions of clause (iv) of the preceding sentence, Executive promptly,
but in no event more than forty-eight (48) hours after learning of such
subpoena, court order, or other government process, shall notify, confirmed by
mail, the Company and, at the Company’s expense, Executive shall:  (a)
take all reasonably necessary and lawful steps required by the Company to defend
against the enforcement of such subpoena, court order or other government
process, and (b) permit the Company to intervene and participate with counsel of
its choice in any proceeding relating to the enforcement thereof.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

     

    5.3 Documents.  Upon
termination of his employment with the Company, Executive will promptly deliver
to the Company all memoranda, notes, records, reports, manuals, drawings,
blueprints and other documents (and all copies thereof) relating to the business
of the Company and all property associated therewith, which he may then possess
or have under his control; provided, however, that Executive shall be entitled
to retain copies of such documents reasonably necessary to document his
financial relationship with the Company.

     

     

    5.4 Non-competition.  While
Executive is employed by the Company and for a period of two years thereafter,
Executive, without the prior written permission of the Company, shall not,
anywhere in the world, (i) be employed by, or render any services to, (a) any
person, firm or corporation engaged in any business (“Competitive Business”)
which is directly in competition with any “material” business conducted by the
Company or any of its subsidiaries at the time of termination (as used herein
“material” means a business which generated at least 10% of the Company’s
consolidated revenues for the last full fiscal year for which audited financial
statements are available) or (b) any of the Company’s customers or other persons
with whom the Company has a contractual relationship; (ii) engage in any
Competitive Business for his or its own account; (iii) be associated with or
interested in any Competitive Business as an individual, partner, shareholder,
creditor, director, officer, principal, agent, employee, trustee, consultant,
advisor or in any other relationship or capacity; (iv) employ or retain, or have
or cause any other person or entity to employ or retain, any person who was
employed or retained by the Company while Executive was employed by the Company
(other than Executive’s personal secretary and assistant); or (v) solicit,
interfere with, or endeavor to entice away from the Company, for the benefit of
a Competitive Business, any of its customers or other persons with whom the
Company has a contractual relationship.  Notwithstanding the
foregoing, nothing in this Agreement shall preclude Executive from investing his
personal assets in any manner he chooses, provided, however, that Executive may
not, during the period referred to in this Section 5.4, own more than 4.9% of
the equity securities of any Competitive Business.

     

     

    5.5 Injunctive
Relief.  If Executive commits a breach, or threatens to commit
a breach, of any of the provisions of Sections 5.2 or 5.4, the Company shall
have the right and remedy to seek to have the provisions of this Agreement
specifically enforced by any court having equity jurisdiction, it being
acknowledged and agreed by Executive that the services being rendered hereunder
to the Company are of a special, unique and extraordinary character and that any
such breach or threatened breach will cause irreparable injury to the Company
and that money damages will not provide an adequate remedy to the
Company.  The rights and remedies enumerated in this Section 5.5 shall
be in addition to, and not in lieu of, any other rights and remedies available
to the Company under law or equity.  In connection with any legal
action or proceeding arising out of or relating to this Agreement, the
prevailing party in such action or proceeding shall be entitled to be reimbursed
by the other party for the reasonable attorneys’ fees and costs incurred by the
prevailing party.

     

     

    5.6 Modification.  If
any provision of Sections 5.2 or 5.4 is held to be unenforceable because of the
scope, duration or area of its applicability, the tribunal making such
determination shall have the power to modify such scope, duration, or area, or
all of them, and such provision or provisions shall then be applicable in such
modified form.

     

     

    5.7 Survival.  The
provisions of this Section 5 shall survive the termination of this Agreement for
any reason, except in the event Executive is terminated by the Company without
“Cause,” or if Executive terminates this Agreement with “Good Reason,” in either
of which events, clauses (i), (ii) and (iii) of Section 5.4 shall be null and
void and of no further force or effect.  The non-renewal of this
Agreement at the end of the Term shall not be a termination by the Company
without “Cause.”

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

     

    6. Miscellaneous
Provisions.

     

     

    6.1 Notices.  All
notices provided for in this Agreement shall be in writing, and shall be deemed
to have been duly given when (i) delivered personally to the party to receive
the same, or (ii) when mailed first class postage prepaid, by certified mail,
return receipt requested, addressed to the party to receive the same at his or
its address set forth below, or such other address as the party to receive the
same shall have specified by written notice given in the manner provided for in
this Section 6.1.  All notices shall be deemed to have been given as
of the date of personal delivery or mailing thereof.

     

    

    If to
Executive:

    

    Edward J. Fred

    58 West 6th
Street

    Deer Park, New York 11729

    

    If to the Company:

    

    
      	
               
      

            	 	
              CPI
      Aerostructures, Inc.

            

    

    60 Heartland Blvd.

    Edgewood, New
York  11717

    Attn: Chairman

    

    With a copy in either case
to:

    

    Graubard Miller

    405 Lexington Avenue

    New York, New
York  10174

    Attn: David Alan Miller,
Esq.

     

    6.2 Entire Agreement;
Waiver.  This Agreement sets forth the entire agreement of the
parties relating to the employment of Executive and is intended to supersede all
prior negotiations, understandings and agreements.  No provisions of
this Agreement may be waived or changed except by a writing by the party against
whom such waiver or change is sought to be enforced.  The failure of
any party to require performance of any provision hereof or thereof shall in no
manner affect the right at a later time to enforce such provision.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

     

    6.3 Governing
Law.  All questions with respect to the construction of this
Agreement, and the rights and obligations of the parties hereunder, shall be
determined in accordance with the law of the State of New York applicable to
agreements made and to be performed entirely in New York.

     

     

    6.4 Binding Effect;
Nonassignability.  This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of the Company.  This
Agreement shall not be assignable by Executive, but shall inure to the benefit
of and be binding upon Executive’s heirs and legal representatives.

     

     

    6.5 Severability.  Should
any provision of this Agreement become legally unenforceable, no other provision
of this Agreement shall be affected, and this Agreement shall continue as if the
Agreement had been executed absent the unenforceable provision.

     

     

    6.6 Section
409A.  This Agreement is intended to comply with the provisions
of Section 409A of the Internal Revenue Code (“Section 409A”).  To the
extent that any payments and/or benefits provided hereunder are not considered
compliant with Section 409A, the parties agree that the Company shall take all
actions necessary to make such payments and/or benefits become
compliant.

     

     

    IN WITNESS WHEREOF, the parties have
executed this Agreement on the date first above written.

     

    

    CPI AEROSTRUCTURES, INC.

    

    

    
      	
              By:

            	
              /s/ Vincent
      Palazzolo

            
	 
      	
              Vincent
      Palazzolo, Chief Financial Officer

            

    

    

    

    
      	
                                                                                                      
      /s/ Edward
      J. Fred

            
	
                                                                                                      
      EDWARD J. FRED

            

    

    
      
        
          

          9

        

         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
A

    

    Bonus: Based on our common
understanding of the significance of your participation in the budgeting process
of the Company, your bonus shall be based on specific revenue and earnings
before interest, taxes, depreciation and amortization (“EBITDA”) goals, which
shall allow you to earn a target annual bonus equal to sixty-five percent (65%)
of your annual base salary if a 10% annual increase is achieved.  The
Company’s auditors will determine EBITDA after taking into account all necessary
provisions and the accrual of all bonuses, including your own bonus, and
excluding all extraordinary items.  Twenty-five percent (25%) of the
bonus amount will be determined by revenues (the “revenue bonus”) and
seventy-five percent (75%) by EBITDA (the “EBITDA bonus”).

    

    EBITDA
Bonus

     

    1. At 100%
of EBITDA target (i.e., 10% growth), your EBITDA bonus will equal 100% of 75% of
65% of base salary.

     

     

    2. Should
EBITDA fall short or exceed EBITDA target, your EBITDA bonus will decrease or
increase based on the grid, below.  For example, if there is a 50%
increase in EBITDA, the EBITDA bonus would equal 150% of 75% of 65% of base
salary; and if there is a 10% decrease in EBITDA, the EBITDA bonus would equal
25% of 75% of 65% of base salary.

     

     

    3. If the
decrease in EBITDA is 15% or more, no EBITDA bonus will be paid.

     

    Revenue
Bonus

     

    1. At 100%
of revenue target (i.e., 10% growth), your revenue bonus will equal 100% of 25%
of 65% of base salary.

     

     

    2. Should
revenue fall short or exceed revenue target, your revenue bonus will decrease or
increase based on the grid, below.  For example, if there is a 50%
increase in revenue, the revenue bonus would equal 150% of 25% of 65% of base
salary; and if there is a10% decrease in revenue, the revenue bonus would equal
25% of 25% of 65% of base salary.

     

     

    3. If the
decrease in revenue is 15% or more, no revenue bonus will be paid.

     

     

    4. Notwithstanding
the foregoing, if EBITDA for the year preceding the year  for which
the EBITDA bonus is to be determined is less than $1 million, then the EBITDA
bonus will be calculated by comparing the current year’s EBITDA to the EBITDA of
the first preceding year in which EBITDA was in excess of $2
million.

     

    General

     

     

    1. Both
bonuses will be adjusted pro rata if EBITDA and/or revenues fall in between two
grid percentages.

     

     

    2. The first
$140,000 of bonus would be paid in cash.  The balance would be paid
half in cash and half in shares of the Company’s common stock, valued at the
VWAP for the five trading days ending two trading days before
issuance.  They will be issued under the Company’s Performance Equity
Plan 2009.

     

     

    3. The
Company and executive to mutually agree on how to handle all
acquisitions.

     

    Grid

     

    
      	
              Growth

            	
              Bonus

            
	
              Decrease
      greater than 15%

            	
              No
      bonus

            
	
              Decrease
      10%

            	
              75%
      Decrease

            
	
              Decrease
      5%

            	
              50%
      Decrease

            
	
              Flat

            	
              25%
      Decrease

            
	
              Increase
      5%

            	
              10%
      Decrease

            
	
              Increase
      10%

            	
              Baseline
      bonus

            
	
              Increase
      15%

            	
              5%
      Increase

            
	
              Increase
      25%

            	
              10%
      Increase

            
	
              Increase
      50%

            	
              50%
      Increase

            
	
              Increase
      100% or greater

            	
              75%
      Increase

            

    

    

    
      
        
          10

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