Document:

Amended and Restated Trust Agreement

 Exhibit 4.2 
  
  
 DAIMLER RETAIL RECEIVABLES LLC, 
 as Depositor, 
 and 
 WILMINGTON
TRUST COMPANY, 
 as Owner Trustee 
  
  
 AMENDED AND
RESTATED 
 TRUST AGREEMENT 
 Dated as of October 1, 2009 
  
  
  
  

 TABLE OF CONTENTS 
  

			
	 	  	Page
	ARTICLE ONE
	
	DEFINITIONS
	 Section 1.01. Capitalized Terms; Rules of Usage
	  	1
	
	ARTICLE TWO
	
	ORGANIZATION
		
	 Section 2.01. Name
	  	2
	 Section 2.02. Office
	  	2
	 Section 2.03. Purposes and Powers
	  	2
	 Section 2.04. Appointment of Owner Trustee
	  	3
	 Section 2.05. Initial Capital Contribution of Trust Property
	  	3
	 Section 2.06. Declaration of Trust
	  	3
	 Section 2.07. Liability of Certificateholders
	  	4
	 Section 2.08. Title to Trust Property
	  	4
	 Section 2.09. Situs of Issuer
	  	4
	 Section 2.10. Representations and Warranties of the Depositor
	  	4
	 Section 2.11. Federal Income Tax Matters
	  	5
	
	ARTICLE THREE
	
	CERTIFICATES AND TRANSFER OF INTERESTS
		
	 Section 3.01. Initial Ownership
	  	7
	 Section 3.02. The Certificates
	  	7
	 Section 3.03. Authentication and Delivery of Certificates
	  	7
	 Section 3.04. Registration, Transfer and Exchange of Certificates.
	  	7
	 Section 3.05. Mutilated, Destroyed, Lost or Stolen Certificates.
	  	9
	 Section 3.06. Persons Deemed Certificateholders
	  	9
	 Section 3.07. Access to List of Certificateholders’ Names and Addresses
	  	10
	 Section 3.08. Maintenance of Office or Agency
	  	10
	 Section 3.09. No Legal Title to Trust Property in Certificateholders
	  	10
	 Section 3.10. No Recourse
	  	10
	 Section 3.11. Appointment of Paying Agent
	  	10
	 Section 3.12. Certificates Nonassessable and Fully Paid
	  	11
	
	ARTICLE FOUR
	
	ACTIONS BY OWNER TRUSTEE
		
	 Section 4.01. Prior Notice to Certificateholders with Respect to Certain Matters
	  	12

  

 i 

			
	 	  	Page
	 Section 4.02. Action by Certificateholders with Respect to Certain Matters
	  	12
	 Section 4.03. Action by Certificateholders with Respect to Bankruptcy
	  	12
	 Section 4.04. Restrictions on Certificateholders’ Power
	  	13
	 Section 4.05. Majority Control
	  	13
	 Section 4.06. Certain Litigation Matters
	  	13
	
	ARTICLE FIVE
	
	APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
		
	 Section 5.01. Application of Trust Funds
	  	14
	 Section 5.02. Method of Payment
	  	14
	 Section 5.03. No Segregation of Monies; No Interest
	  	15
	 Section 5.04. Accounting and Reports to Certificateholders, the IRS and Others
	  	15
	 Section 5.05. Signature on Returns; Tax Matters Partner
	  	15
	
	ARTICLE SIX
	
	AUTHORITY AND DUTIES OF OWNER TRUSTEE
		
	 Section 6.01. General Authority
	  	17
	 Section 6.02. General Duties
	  	17
	 Section 6.03. Action Upon Instruction
	  	17
	 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions
	  	18
	 Section 6.05. No Action Except Under Specified Documents or Instructions
	  	18
	 Section 6.06. Restrictions
	  	19
	
	ARTICLE SEVEN
	
	THE OWNER TRUSTEE
		
	 Section 7.01. Acceptance of Duties
	  	20
	 Section 7.02. Furnishing of Documents
	  	21
	 Section 7.03. Representations and Warranties
	  	21
	 Section 7.04. Reliance; Advice of Counsel
	  	22
	 Section 7.05. Not Acting in Individual Capacity
	  	22
	 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates
	  	22
	 Section 7.07. Owner Trustee May Own Securities
	  	23
	
	ARTICLE EIGHT
	
	COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE
		
	 Section 8.01. Owner Trustee’s Fees and Expenses
	  	24
	 Section 8.02. Indemnification
	  	24
	 Section 8.03. Payments to the Owner Trustee
	  	24

  

 ii 

			
	 	  	Page
	ARTICLE NINE
	
	TERMINATION OF TRUST AGREEMENT
		
	 Section 9.01. Termination of Trust Agreement
	  	25
	
	ARTICLE TEN
	
	SUCCESSOR AND ADDITIONAL OWNER TRUSTEES
		
	 Section 10.01. Eligibility Requirements for Owner Trustee
	  	27
	 Section 10.02. Resignation or Removal of Owner Trustee
	  	27
	 Section 10.03. Successor Owner Trustee
	  	28
	 Section 10.04. Merger or Consolidation of Owner Trustee
	  	28
	 Section 10.05. Appointment of Co-Trustee or Separate Trustee
	  	29
	
	ARTICLE ELEVEN
	
	REGULATION AB
		
	 Section 11.01. Intent of the Parties; Reasonableness
	  	31
	 Section 11.02. Representations and Warranties
	  	31
	 Section 11.03. Information to Be Provided by the Owner Trustee
	  	31
	
	ARTICLE TWELVE
	
	MISCELLANEOUS
		
	 Section 12.01. Supplements and Amendments
	  	33
	 Section 12.02. Limitations on Rights of Others
	  	34
	 Section 12.03. Notices
	  	34
	 Section 12.04. Severability
	  	35
	 Section 12.05. Counterparts
	  	35
	 Section 12.06. Successors and Assigns
	  	35
	 Section 12.07. No Petition
	  	35
	 Section 12.08. Table of Contents and Headings
	  	36
	 Section 12.09. GOVERNING LAW
	  	36
	
	EXHIBITS
		
	 Exhibit A – Form of Certificate
	  	A-1
	 Exhibit B – Form of Certificate of Trust
	  	B-1

  

 iii 

 This AMENDED AND RESTATED TRUST AGREEMENT, dated as of October 1, 2009 (as amended,
restated, supplemented or otherwise modified from time to time, this “Agreement”), is between DAIMLER RETAIL RECEIVABLES LLC, a Delaware limited liability company, as depositor (the “Depositor”), and WILMINGTON TRUST
COMPANY, a Delaware banking corporation, as trustee (the “Owner Trustee”). 
 WHEREAS, the parties hereto entered into
a Trust Agreement, dated as of April 9, 2009 (the “Original Trust Agreement”), and filed a certificate of trust with the Secretary of State of the State of Delaware pursuant to which Mercedes-Benz Auto Receivables Trust 2009-1 (the
“Issuer”) was formed; and 
 WHEREAS, the parties hereto are entering into this Agreement pursuant to which, among
other things, the Original Trust Agreement will be amended and restated. 
 NOW, THEREFORE, in consideration of the mutual
agreements herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE ONE 
 DEFINITIONS 
 Section 1.01. Capitalized Terms; Rules of Usage. Capitalized terms used in this Agreement that are not otherwise defined shall
have the meanings ascribed thereto in Appendix A to the Sale and Servicing Agreement, dated as of October 1, 2009, among the Issuer, the Depositor and DCFS USA LLC, which Appendix is hereby incorporated into and made a part of
this Agreement. Appendix A also contains rules as to usage applicable to this Agreement. 

 ARTICLE TWO 
 ORGANIZATION 
 Section 2.01. Name. The trust created pursuant to the
Original Trust Agreement and continued hereby shall be known as “Mercedes-Benz Auto Receivables Trust 2009-1”, in which name the Owner Trustee may conduct the business of the Issuer, make and execute contracts and other instruments on
behalf of the Issuer and sue and be sued. 
 Section 2.02. Office. The office of the Issuer shall be in care of the
Owner Trustee at the Corporate Trust Office or at such other address in the State of Delaware as the Owner Trustee may designate by written notice to the Trustees and the Certificateholders. 
 Section 2.03. Purposes and Powers. 
 (a) The purpose of the Issuer is to engage in the following activities: 
 (i) to issue the Notes pursuant to the Indenture and the Certificates pursuant to this Agreement and to convey and deliver the Securities upon the written order of the Depositor; 
 (ii) to issue additional securities pursuant to one or more supplemental indentures or amendments to this Agreement and to
transfer all or a portion of such securities to the Depositor, subject to compliance with the Basic Documents, in exchange for all or a portion of the Certificates; provided that 
 (A) the rights of the holders of such additional securities, when taken as a whole, are no greater than the rights of the
Certificateholders immediately prior to the issuance of such additional securities (unless all Noteholders otherwise consent); 
 (B) the Rating Agency Condition is satisfied with respect to the issuance of such additional notes or certificates; and 
 (C) the Depositor delivers an opinion to the Trustees that the issuance of the additional notes or certificates will not
(1) adversely affect in any material respect the interest of any Noteholder, (2) cause any Outstanding Note to be deemed sold or exchanged, (3) cause the Issuer to be treated as an association or publicly traded partnership taxable as
a corporation for federal income tax purposes or (4) adversely affect the treatment of the Outstanding Notes as debt for federal income tax purposes; 
 (iii) to enter into and perform its obligations under any interest rate protection or swap agreement or agreements between the Issuer and one or more counterparties; 
 (iv) to permit the Depositor to use, or to use, at the direction of the Depositor, the proceeds of the sale of the Notes to
(A) purchase the Receivables on the Closing Date, (B) fund the Reserve Fund with an amount equal to the Reserve Fund Deposit,

  

 2 

 
(C) pay the organizational, start-up and transactional expenses of the Issuer and (D) pay to the Depositor, or permit the Depositor to retain, the balance pursuant to the Sale and Servicing
Agreement; 
 (v) to pay interest on and principal of the Notes to the Noteholders and to cause any Excess
Collections to be paid to the Certificateholders in accordance with the Indenture; 
 (vi) to Grant the Trust
Property to the Indenture Trustee pursuant to the Indenture to secure payments on the Notes; 
 (vii) to enter
into and perform its obligations under the Issuer Basic Documents; 
 (viii) to execute and deliver and, as
applicable, enter into and perform its obligations under, one or more certifications as to TALF eligibility, one or more indemnity undertakings and other documents, certificates, notices, press releases, agreements and instruments contemplated
thereby or related thereto or otherwise necessary or incidental to qualifying any class of Notes as “eligible collateral” under the Federal Reserve Bank of New York’s Term Asset-Backed Securities Loan Facility; and 
 (ix) to engage in those activities, including entering into agreements, that are necessary, suitable or convenient to
accomplish the foregoing or are incidental thereto or connected therewith. 
 (b) The Issuer is hereby authorized to engage in
the foregoing activities. The Issuer shall not engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement and the other Basic Documents. 
 Section 2.04. Appointment of Owner Trustee. The Depositor hereby confirms the appointment of the Owner Trustee as trustee of the
Issuer effective as of the date of the Original Trust Agreement, to have all the rights, powers and duties set forth herein and in the Delaware Statutory Trust Act. 
 Section 2.05. Initial Capital Contribution of Trust Property. The Depositor has previously sold, assigned, transferred, conveyed and set over to the Owner Trustee, as of the date of the
Original Trust Agreement, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, of the foregoing contribution, which shall constitute the initial Owner Trust Estate. The Depositor shall pay organizational expenses
of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee. On the Closing Date, the Depositor will sell, transfer, assign and convey to the
Issuer certain property to be included in the Trust Property pursuant to the Sale and Servicing Agreement, and the Issuer will issue and convey the Securities to or upon the order of the Depositor. 
 Section 2.06. Declaration of Trust. The Owner Trustee hereby declares that it will hold the Trust Property in trust upon and
subject to the conditions set forth herein for the use and benefit of the Certificateholders, subject to the obligations of the Issuer under the Basic

  

 3 

 
Documents. It is the intention of the parties that (i) the Issuer constitute a statutory trust under the Delaware Statutory Trust Act and that this Agreement constitute the governing
instrument of such statutory trust and (ii) solely for income and franchise tax purposes, the Issuer shall be treated as either an entity that is disregarded as separate from the beneficial owner of the equity if there is only one such owner,
or as a partnership (other than an association or publicly traded partnership) if there are two or more such owners, with the assets of the partnership being the Receivables and other assets held by the Issuer, the partners of the partnership being
the Certificateholders and any holders of Notes that are required by the IRS to be treated as equity in the Issuer, and the remaining Notes constituting indebtedness of the partnership. The parties agree that, unless otherwise required by
appropriate tax authorities, the Issuer will file or cause to be filed annual or other necessary returns, reports and other forms consistent with the foregoing characterization of the Issuer for such tax purposes. Effective as of the date hereof,
the Owner Trustee shall have all the rights, powers and duties set forth herein and in the Delaware Statutory Trust Act with respect to accomplishing the purposes of the Issuer as set forth in Section 2.03(a). The Owner Trustee has filed the
Certificate of Trust with the Secretary of State. 
 Section 2.07. Liability of Certificateholders. The
Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware. 
 Section 2.08. Title to Trust Property. Legal title to the Trust Property shall be vested at all times in the Issuer as a
separate legal entity except where Applicable Law in any jurisdiction requires title to any part of the Trust Property to be vested in a trustee or trustees, in which case title shall be deemed to be vested in the Owner Trustee, a co-trustee or a
separate trustee, as the case may be; provided, that concurrently with or prior to title being deemed to be vested in a co-trustee and/or separate trustee, such trustee must provide a written grant of a security interest in the Trust Property to the
Indenture Trustee and must authorize the filing of a financing statement to perfect the Indenture Trustee’s security interest. 
 Section 2.09. Situs of Issuer. The Issuer will be located and administered in the State of Delaware. All bank accounts maintained by the Owner Trustee on behalf of the Issuer shall be located in the States of Delaware or New
York. The Issuer shall not have any employees in any State other than the State of Delaware; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or outside of the State of Delaware.
Payments will be received by the Issuer only in the States of Delaware or New York, and payments will be made by the Issuer only from the States of Delaware or New York. The only office of the Issuer will be at the Corporate Trust Office of the
Owner Trustee in the State of Delaware. 
 Section 2.10. Representations and Warranties of the Depositor. The
Depositor hereby represents and warrants to the Owner Trustee that: 
 (i) The Depositor is duly formed and
validly existing as a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is
presently conducted. 
  

 4 

 (ii) The Depositor is not a Benefit Plan. 
 (iii) The Depositor is duly qualified to do business as a foreign limited liability company in good standing and has obtained
all necessary licenses and approvals in all jurisdictions in which the failure to so qualify or obtain such licenses and approvals would, in the reasonable judgment of the Depositor, materially and adversely affect the performance by the Depositor
of its obligations under, or the validity or enforceability of, this Agreement. 
 (iv) The Depositor has the
power and authority to execute and deliver this Agreement and to carry out its terms and to transfer and assign the property to be transferred and assigned to and deposited with the Issuer; and the execution, delivery and performance of this
Agreement and such transfer, assignment and deposit have been duly authorized by the Depositor by all necessary limited liability company action. 
 (v) This Agreement constitutes a legal, valid and binding obligation of the Depositor, enforceable in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy,
insolvency, reorganization, moratorium, liquidation, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be
considered in a Proceeding in equity or at law. 
 (vi) The consummation of the transactions contemplated by this
Agreement and the fulfillment of the terms hereof do not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of formation or limited
liability company agreement of the Depositor, or any material indenture, agreement or other instrument to which the Depositor is a party or by which it is bound; nor result in the creation or imposition of any Lien upon any properties of the
Depositor pursuant to the terms of any such material indenture, agreement or other instrument (other than pursuant to the Basic Documents); nor violate any Applicable Law or, to the best of the Depositor’s knowledge, any order, rule or
regulation applicable to the Depositor of any Governmental Authority having jurisdiction over the Depositor or its properties. 
 (vii) To the knowledge of the Depositor, there are no Proceedings or investigations pending or threatened against the Depositor before any Governmental Authority having jurisdiction over the Depositor or
its properties (a) asserting the invalidity of any Basic Document, (b) seeking to prevent the consummation of any of the transactions contemplated by any Basic Document, (c) seeking any determination or ruling that would materially
and adversely affect the performance by the Depositor of its obligations under, or the validity or enforceability of, any Depositor Basic Document or (d) seeking any determination or ruling that would adversely affect the federal tax attributes
of the Issuer or the Securities. 
 Section 2.11. Federal Income Tax Matters. The Certificateholders acknowledge
that it is their intent and that they understand it is the intent of the Depositor and the Servicer that, for purposes of federal income, State and local income and franchise tax and any other income taxes, 
  

 5 

 
the Issuer shall be treated as either an entity that is disregarded as separate from the beneficial owner of the equity in the Issuer if there is only one such owner, or as a partnership (other
than an association or publicly traded partnership) if there are two or more such owners, and income, gain or loss of the Issuer for such month as determined for federal, State and local income and franchise tax purposes shall be allocated among the
Certificateholders as of the Record Date occurring within such month, in proportion to their ownership of the Certificate Percentage Interest on such date. The Depositor hereby agrees and each Certificateholder by acceptance of a Certificate agrees
to such treatment and each agrees to take no action inconsistent with the foregoing characterization. 
 The Depositor is
authorized to modify the allocations in this Section if necessary or appropriate, in its sole discretion, for the allocations to reflect fairly the economic income, gain or loss to the Certificateholders or as otherwise required by the Code.

  

 6 

 ARTICLE THREE 
 CERTIFICATES AND TRANSFER OF INTERESTS 
 Section 3.01. Initial
Ownership. Upon the formation of the Issuer by the contribution and conveyance by the Depositor as described in Section 2.05 and until the issuance of the Certificates, the Depositor shall be the sole beneficiary of the Issuer. 

Section 3.02. The Certificates. The Certificates shall be issued in one or more registered, definitive, physical certificates
substantially in the form of Exhibit A. The Certificates may be in printed or typewritten form and shall be executed on behalf of the Issuer by manual or facsimile signature of an Authorized Officer of the Owner Trustee. Certificates bearing
the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Issuer, shall be validly issued and entitled to the benefits of this Agreement, notwithstanding
that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of authentication and delivery of such Certificates. 
 If Transfer of a Certificate is permitted pursuant to this Section and Section 3.04, the transferee of such Certificate shall
become a Certificateholder, and shall be entitled to the rights and subject to the obligations of a Certificateholder hereunder upon such transferee’s acceptance of a Certificate duly registered in such transferee’s name pursuant to
Section 3.04. 
 Section 3.03. Authentication and Delivery of Certificates. Concurrently with the sale of the
Receivables to the Issuer pursuant to the Sale and Servicing Agreement, the Owner Trustee shall cause the Certificates to be executed on behalf of the Issuer, authenticated and delivered to or upon the written order of the Depositor, signed by its
president, any Vice President, its treasurer, any assistant treasurer, its secretary or any assistant secretary, without further limited liability company action by the Depositor. No Certificate shall entitle the respective Certificateholder to any
benefit under this Agreement, or be valid for any purpose, unless there shall appear on such Certificate a certificate of authentication substantially in the form set forth in Exhibit A, executed by the Owner Trustee or its authenticating
agent, by manual signature; and such authentication shall constitute conclusive evidence that such Certificate shall have been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication. Upon
issuance, authentication and delivery pursuant to the terms hereof, the Certificates will be entitled to the benefits of this Agreement. 
 Section 3.04. Registration, Transfer and Exchange of Certificates. 
 (a) The Owner Trustee initially shall be the registrar (the “Certificate Registrar”) for the purpose of registering Certificates and Transfers of Certificates as herein provided. The Certificate Registrar shall keep or cause to be
kept, at the office or agency maintained pursuant to Section 3.08, a register (the “Certificate Register”) in which, subject to such reasonable regulations as it may prescribe, the Certificate Registrar shall provide for the
registration of Certificates and the registration of Transfers of Certificates. Upon any resignation of any Certificate Registrar, the Owner Trustee shall, upon receipt of written instructions from the Depositor, promptly appoint a successor
thereto. 
  

 7 

 (b) The Certificates may not be acquired by or for the account of a Benefit Plan. Each
Certificateholder, by its acceptance of a Certificate, shall be deemed to have represented and warranted that such Certificateholder is not (i) a Benefit Plan and is not a Person acting on behalf of a Benefit Plan or a Person using the assets
of a Benefit Plan to effect the transfer of such Certificate or (ii) an insurance company purchasing a Certificate with funds contained in an “insurance company general account” (as defined in Section V(e) of PTCE 95-60) that
includes the assets of a Benefit Plan for purposes of the Plan Asset Regulation. 
 Any Person who is not an Affiliate of the
Seller and acquires more than 49.9% of the Certificates will be deemed to represent that it is not a party in interest (within the meaning of ERISA) or a disqualified person (within the meaning of Section 4975(e)(2) of the Code) with respect to
any Benefit Plan, other than a Benefit Plan that it sponsors for the benefit of its employees, and that no Benefit Plan with respect to which it is a party in interest has or will acquire any interest in the Notes. 
 To the extent permitted under Applicable Law (including ERISA), neither the Owner Trustee nor the Certificate Registrar shall be under any
liability to any Person for any registration of Transfer of any Certificate that is in fact not permitted under Applicable Law (including ERISA) or for taking any other action with respect to such Certificate under the provisions of this Agreement
so long as such Transfer was registered by the Owner Trustee or the Certificate Registrar in accordance with this Agreement. 
 (c) Upon surrender by a Certificateholder for registration of Transfer of any Certificate at the office or agency of the Certificate Registrar to be maintained as provided in Section 3.08, and upon compliance with any provisions of
this Agreement relating to such Transfer, the Owner Trustee shall execute on behalf of the Issuer and the Owner Trustee shall authenticate and deliver to the Certificateholder making such surrender, in the name of the designated transferee or
transferees, one or more new Certificates in any authorized denomination evidencing the same aggregate interest in the Issuer. Each Certificate presented or surrendered for registration of Transfer shall be accompanied by a written instrument of
transfer and accompanied by IRS Form W-8BEN, W-8ECI or W-9, as applicable, in form satisfactory to the Owner Trustee and the Certificate Registrar, duly executed by the Certificateholder or its attorney duly authorized in writing. Each
Certificate presented or surrendered for registration of Transfer shall be canceled and subsequently disposed of by the Certificate Registrar in accordance with its customary practice. No service charge shall be made for any registration of Transfer
of Certificates, but the Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any Transfer of Certificates. 
 (d) All Certificates surrendered for registration of Transfer, if surrendered to the Issuer or any agent of the Owner Trustee or the Issuer
under this Agreement, shall be delivered to the Owner Trustee and promptly cancelled by it, or, if surrendered to the Owner Trustee, shall be promptly cancelled by it, and no Certificates shall be issued in lieu thereof except as expressly permitted
by any of the provisions of this Agreement. The Owner Trustee shall dispose of cancelled Certificates in accordance with its normal practice. 
  

 8 

 Section 3.05. Mutilated, Destroyed, Lost or Stolen Certificates. 
 (a) If (i) any mutilated Certificate is surrendered to the Certificate Registrar, or the Certificate Registrar receives evidence to its
satisfaction of the destruction, loss or theft of any Certificate and (ii) there is delivered to the Certificate Registrar and the Owner Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the
absence of notice that such Certificate has been acquired by a Protected Purchaser, the Owner Trustee on behalf of the Issuer shall execute and the Owner Trustee or its authenticating agent shall authenticate and deliver, in exchange for or in lieu
of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of a like tenor and Certificate Percentage Interest. If, after the delivery of such replacement Certificate or payment of a destroyed, lost or stolen Certificate, a
Protected Purchaser of the original Certificate in lieu of which such replacement Certificate was issued presents for payment such original Certificate, the Issuer and the Owner Trustee shall be entitled to recover such replacement Certificate (or
such payment) from the Person to whom such replacement Certificate was delivered or any Person taking such replacement Certificate from such Person to whom such replacement Certificate was delivered or any assignee of such Person, except a Protected
Purchaser, and shall be entitled to recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer or the Owner Trustee in connection therewith. Any duplicate Certificate issued
pursuant to this Section shall constitute conclusive evidence of ownership in the Issuer, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time. 
 (b) Upon the issuance of any replacement Certificate under this Section, the Issuer may require the payment by the Certificateholder of a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection with such issuance and any other reasonable expenses (including the fees and expenses of the Owner Trustee) related thereto. 
 (c) Every replacement Certificate issued pursuant to this Section in replacement of any mutilated, destroyed, lost or stolen
Certificate shall constitute an original additional contractual obligation of the Issuer, whether or not the mutilated, destroyed, lost or stolen Certificate shall be at any time enforceable by anyone, and shall be entitled to all the benefits of
this Agreement equally and proportionately with any and all other Certificates duly issued hereunder. 
 (d) The provisions of
this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Certificates. 
 Section 3.06. Persons Deemed Certificateholders. Prior to due presentation of a Certificate for registration of Transfer, the
Owner Trustee, the Certificate Registrar, any Paying Agent and any of their respective agents may treat the Person in whose name such Certificate is registered in the Certificate Register (as of the day of determination) as the Certificateholder of
such Certificate for the purpose of receiving distributions pursuant to Section 5.01 and for all other purposes whatsoever, and none of the Owner Trustee, the Certificate Registrar, any Paying Agent or any of their respective agents shall be
bound by any notice to the contrary. 
  

 9 

 Section 3.07. Access to List of Certificateholders’ Names and Addresses.
The Certificate Registrar shall furnish or cause to be furnished to the Servicer and the Depositor, or to the Indenture Trustee or the Owner Trustee, within 15 days after receipt by the Certificate Registrar of a written request therefor from the
Servicer, the Depositor or either Trustee, as the case may be, a list, in such form as the requesting party may reasonably require, of the names and addresses of the Certificateholders as of the most recent Record Date. If three or more
Certificateholders, or one or more Holders of Certificates evidencing not less than 25% of the aggregate Certificate Percentage Interest (hereinafter referred to as the “Applicants”), apply in writing to the Certificate Registrar, and such
application states that the Applicants desire to communicate with other Certificateholders with respect to their rights under this Agreement or under the Certificates and such application is accompanied by a copy of the communication that such
Applicants propose to transmit (which shall be deemed to be a purpose reasonably related to the Applicants’ interest in the Issuer), then the Certificate Registrar shall, within five Business Days after the receipt of such application, afford
such Applicants access during normal business hours to the current list of Certificateholders. Each Certificateholder, by receiving and holding a Certificate, shall be deemed to have agreed not to hold any of the Depositor, the Certificate Registrar
or the Owner Trustee accountable by reason of the disclosure of its name and address, regardless of the source from which such information was derived. 
 Section 3.08. Maintenance of Office or Agency. The Issuer shall maintain an office or offices or agency or agencies where notices and demands to or upon the Issuer or the Owner Trustee in
respect of the Basic Documents may be served. The Issuer initially designates its office c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890, for such purposes and will promptly notify the
Depositor and the Owner of any change in the location of such office. 
 Section 3.09. No Legal Title to Trust Property
in Certificateholders. The Certificateholders shall not have legal title to any part of the Trust Property. The Certificateholders shall be entitled to receive distributions with respect to their undivided beneficial interest therein only in
accordance with Articles Five and Nine. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their beneficial interest in the Trust Property shall operate to terminate this Agreement or
the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust Property. 
 Section 3.10. No Recourse. Each Certificateholder by accepting a Certificate acknowledges that the Certificates represent beneficial interests in the Issuer only and do not represent interests
in or obligations of the Depositor, the Seller, the Servicer, the Administrator, either Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or
contemplated in the Certificates or any Basic Document. 
 Section 3.11. Appointment of Paying Agent. The Paying
Agent shall make distributions to Certificateholders in accordance with the Indenture and shall report the amount of such distributions to the Owner Trustee. The Paying Agent shall have the revocable power to withdraw funds from the Collection
Account for the purpose of making the distributions referred to above. The Owner Trustee may revoke such power and remove the Paying Agent if the 
  

 10 

 
Owner Trustee determines in its sole discretion that the Paying Agent shall have failed to perform its obligations under this Agreement in any material respect. The Paying Agent shall initially
be the Indenture Trustee, and any co-paying agent chosen by the Paying Agent that is acceptable to the Owner Trustee and the Depositor. Each Paying Agent shall be permitted to resign as Paying Agent upon 30 days’ prior written notice to the
Owner Trustee and the Depositor. In the event that the Indenture Trustee shall no longer be the Paying Agent, the Owner Trustee, upon receipt of written instruction from the Depositor, shall appoint a successor to act as Paying Agent (which shall be
a bank or trust company). The Owner Trustee shall cause such successor Paying Agent or any additional Paying Agent appointed by the Owner Trustee to execute and deliver to the Owner Trustee an instrument in which such successor Paying Agent or
additional Paying Agent shall agree with the Owner Trustee that, as Paying Agent, such successor or additional Paying Agent will hold all sums, if any, held by it for payment to the Certificateholders in trust for the benefit of the
Certificateholders entitled thereto until such sums shall be paid to such Certificateholders. The Paying Agent shall return all unclaimed funds to the Owner Trustee and upon removal of a Paying Agent such Paying Agent shall also return all funds in
its possession to the Owner Trustee. If at any time the Owner Trustee shall act as Paying Agent, the rights, privileges, protections and indemnities afforded to the Owner Trustee hereunder shall apply equally to the Owner Trustee in its role as
Paying Agent. Any reference in this Agreement to the Paying Agent shall include any co-paying agent unless the context requires otherwise. 
 Section 3.12. Certificates Nonassessable and Fully Paid. Certificateholders shall not be personally liable for obligations of the Issuer. The interests represented by the Certificates shall be
nonassessable for any losses or expenses of the Issuer or for any reason whatsoever, and, upon the authentication thereof by the Owner Trustee pursuant to Sections 3.03, 3.04 or 3.05, the Certificates are and shall be deemed fully paid.

  

 11 

 ARTICLE FOUR 
 ACTIONS BY OWNER TRUSTEE 
 Section 4.01. Prior Notice to
Certificateholders with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, the Owner Trustee shall not take action unless at least 30 days before the taking of such action with respect to the following
matters the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interest shall not have notified the Owner
Trustee in writing prior to the 30th day after such notice is given that such Certificateholders have withheld consent or provided alternative direction: 
 (a) the initiation of any claim or lawsuit by the Issuer and the settlement of any Proceeding, investigation or claim brought by or against the Issuer, in each case other than claims or lawsuits brought
by the Servicer on behalf of the Issuer for collection of the Receivables and the Financed Vehicles; 
 (b) the
election by the Issuer to file an amendment to the Certificate of Trust (unless such amendment is required to be filed under the Delaware Statutory Trust Act); 
 (c) the amendment of the Indenture by a supplemental indenture in circumstances where the consent of any Noteholder
(i) is required or (ii) is not required and such amendment materially adversely affects the interests of the Certificateholders; 
 (d) the amendment of the Administration Agreement, except to cure any ambiguity or to amend or supplement any provision in a manner or to add any provision that would not materially adversely affect the
interests of the Certificateholders; or 
 (e) the appointment pursuant to the Indenture of a successor Note
Registrar, Paying Agent or Indenture Trustee or pursuant to this Agreement of a successor Certificate Registrar, or the consent to the assignment by the Note Registrar, Paying Agent, Indenture Trustee or Certificate Registrar of its respective
obligations under the Indenture or this Agreement, as applicable. 
 Section 4.02. Action by Certificateholders with
Respect to Certain Matters. The Owner Trustee may not (i) pursuant to Article Seven of the Sale and Servicing Agreement, remove the Servicer or appoint a Successor Servicer or (ii) remove the Administrator pursuant to
Section 1.09 of the Administration Agreement unless Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interest directs the Owner Trustee to take such action (a) upon the occurrence of the
termination of the Servicer pursuant to Article Seven of the Sale and Servicing Agreement and (b) subsequent to the payment in full of the Notes. 
 Section 4.03. Action by Certificateholders with Respect to Bankruptcy. The Owner Trustee shall not have the power to commence a voluntary Proceeding under any Insolvency Law relating to the
Issuer unless each Certificateholder approves of such commencement in writing in advance and delivers to the Owner Trustee a certificate certifying that such Certificateholder reasonably believes that the Issuer is insolvent. 
  

 12 

 Section 4.04. Restrictions on Certificateholders’ Power. The
Certificateholders shall not direct the Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Issuer or the Owner Trustee under any Basic Document or would be contrary to
Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given. 
 Section 4.05.
Majority Control. Except as expressly provided herein, (i) any action that may be taken by the Certificateholders under this Agreement may be taken by the Holders of Certificates evidencing not less than 51% of the aggregate Certificate
Percentage Interest and (ii) any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interest
at the time of the delivery of such notice. 
 Section 4.06. Certain Litigation Matters. The Owner Trustee shall
provide prompt written notice to the Depositor, the Seller and the Servicer of any Proceeding or investigation actually known to a Responsible Officer of the Owner Trustee in any way relating to the Issuer, the Trust Property or any Issuer Basic
Document. 
  

 13 

 ARTICLE FIVE 
 APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 
 Section 5.01. Application of
Trust Funds. 
 (a) On each Distribution Date, upon receipt from the Servicer of an Investor Report pursuant to
Section 3.10 of the Sale and Servicing Agreement, the Owner Trustee shall, directly or through a Paying Agent, distribute or cause to be distributed, to the Certificateholders, in proportion to each Certificateholder’s Certificate
Percentage Interest, amounts deposited in the Collection Account on such Distribution Date pursuant to Section 4.04 of the Sale and Servicing Agreement and payable to the Certificateholders pursuant to Section 2.08 of the Indenture.

 (b) On each Distribution Date, the Owner Trustee shall, directly or through a Paying Agent, send to each Certificateholder of
record the related Investor Report provided to the Owner Trustee by the Servicer pursuant to Section 3.10 of the Sale and Servicing Agreement. 
 (c) In the event that any withholding tax is imposed on the Issuer’s payment (or allocations of income) to a Certificateholder, such tax shall reduce the amount otherwise distributable to such
Certificateholder in accordance with this Section. The Owner Trustee and each Paying Agent are hereby authorized and directed to retain from amounts otherwise distributable to the Certificateholders sufficient funds for the payment of any such
withholding tax that is legally owed by the Issuer (but such authorization shall not prevent the Owner Trustee or any Paying Agent from contesting any such tax in appropriate Proceedings and withholding payment of such tax, if permitted by
Applicable Law, pending the outcome of such Proceedings, it being understood that neither the Owner Trustee nor any Paying Agent shall have any duty to contest such amounts). The amount of any withholding tax imposed with respect to a
Certificateholder shall be treated as cash distributed to such Certificateholder at the time it is withheld by the Issuer for remittance to the appropriate taxing authority. If the Owner Trustee or a Paying Agent determines that there is a
possibility that withholding tax is payable with respect to a distribution (such as a distribution to a non-U.S. Certificateholder), the Owner Trustee or any Paying Agent may, in its sole discretion, withhold such amounts in accordance with this
Section. If a Certificateholder wishes to apply for a refund of any such withholding tax, the Owner Trustee and each Paying Agent shall reasonably cooperate with such Certificateholder in making such claim so long as such Certificateholder agrees to
reimburse the Owner Trustee and each Paying Agent for any out-of-pocket expenses incurred, as applicable. 
 Section 5.02.
Method of Payment. Subject to Section 9.01(c), distributions required to be made to Certificateholders on any Distribution Date shall be made by the Owner Trustee or a Paying Agent to each Certificateholder of record on the related
Record Date by wire transfer, in immediately available funds, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder shall have provided to the Certificate Registrar and
the Paying Agent appropriate written instructions at least five Business Days prior to such Distribution Date and such Certificateholder is the Depositor or an Affiliate thereof or, if not, by check mailed to such Certificateholder at the address of
such Certificateholder appearing in the Certificate Register. Notwithstanding the foregoing, the final distribution in respect of any Certificate (whether on the Class A-4 Final Scheduled Distribution 
  

 14 

 
Date or otherwise) will be payable only upon presentation and surrender of such Certificate at the office or agency maintained for that purpose by the Certificate Registrar pursuant to
Section 3.08. 
 Section 5.03. No Segregation of Monies; No Interest. Subject to Section 5.01, monies
received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by the Basic Documents or Applicable Law, and may be deposited under such general conditions as may be prescribed by Applicable Law and the
Owner Trustee shall not be liable for any interest thereon. 
 Section 5.04. Accounting and Reports to
Certificateholders, the IRS and Others. The Owner Trustee shall, upon receipt of and based on information provided by the Seller or the Servicer, (i) maintain (or cause to be maintained) the books of the Issuer on the basis of a fiscal year
ending December 31 and, based on the accrual method of accounting, (ii) deliver to each Certificateholder, as may be required by the Code and applicable Treasury Regulations, such information as may be required (including Schedule K-1) to
enable such Certificateholder to prepare its federal and State income tax returns, (iii) file such tax returns relating to the Issuer (including a partnership information return, IRS Form 1065, if required) and make such elections as may
from time to time be required or appropriate under any applicable State or federal statute or rule or regulation thereunder so as to maintain the Issuer’s characterization as a partnership, if so characterized, for federal income tax purposes,
(iv) cause such tax returns to be signed in the manner required by Applicable Law and (v) collect or cause to be collected any withholding tax as described in and in accordance with Section 5.01(c) with respect to income or
distributions to Certificateholders. The Owner Trustee, on behalf of the Issuer, shall elect under Section 1278 of the Code to include in income currently any market discount that accrues with respect to the Receivables. The Owner Trustee, on
behalf of the Issuer, shall not make the election provided under Section 754 of the Code. 
 The Owner Trustee may satisfy
its obligations with respect to this Section and Section 5.01(c) by retaining, at the expense of the Seller, Accountants selected by the Seller. The Owner Trustee may require the Accountants to provide to the Owner Trustee, on or before
December 31, 2009, a letter in form and substance satisfactory to the Owner Trustee as to whether any federal tax withholding on the Certificates is then required and, if required, the procedures to be followed with respect thereto to comply
with the requirements of the Code. The Accountants shall be required to update such letter in each instance that any additional tax withholding is subsequently required or any previously required tax withholding shall no longer be required. The
Owner Trustee shall be deemed to have discharged its obligations pursuant to this Section and Section 5.01(c) upon its retention of the Accountants, and the Owner Trustee shall not have any liability with respect to the default, negligence
or misconduct of the Accountants. The Owner Trustee shall be entitled to rely on and shall be fully protected in so relying, upon the letter, referred to in this paragraph, from the Accountants and shall have no duty or obligation to verify the
accuracy of the contents of such letter. 
 Section 5.05. Signature on Returns; Tax Matters Partner. 
 (a) The Owner Trustee shall sign, on behalf of the Issuer, the tax returns of the Issuer upon receipt of such completed tax returns.

  

 15 

 (b) In the event that the Issuer is required to be treated as a partnership for federal
income tax purposes, Daimler Retail Receivables, or the Holder of Certificates having the greatest Certificate Percentage Interest, in the event that Daimler Retail Receivables no longer owns any Certificates, shall be designated the “tax
matters partner” of the Issuer pursuant to Section 6231(a)(7)(A) of the Code and applicable Treasury Regulations. 
  

 16 

 ARTICLE SIX 
 AUTHORITY AND DUTIES OF OWNER TRUSTEE 
 Section 6.01. General
Authority. The Owner Trustee is authorized and directed to execute and deliver each Issuer Basic Document and each certificate or other document attached as an exhibit to or contemplated by any Issuer Basic Document and any amendment or other
agreement or instrument, in each case in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to
take all actions required of the Issuer pursuant to the Basic Documents. The Owner Trustee is further authorized from time to time to take such action as the Administrator or Certificateholders recommends with respect to the Basic Documents.

 Section 6.02. General Duties. 
 (a) It shall be the duty of the Owner Trustee to discharge (or cause to be discharged) all of its responsibilities pursuant to the terms of this Agreement and to administer the Issuer for the benefit of
the Certificateholders, subject to the Basic Documents and in accordance with the provisions of this Agreement. Notwithstanding the foregoing, the Owner Trustee shall be deemed to have discharged its duties and responsibilities hereunder and to the
extent expressly provided for under the other Basic Documents to the extent the Administrator has agreed in the Administration Agreement to perform any act or to discharge any duty of the Owner Trustee or the Issuer hereunder or under any other
Basic Document, and the Owner Trustee shall not be held liable for the default or failure of the Administrator to carry out its obligations under the Administration Agreement. 
 (b) The Owner Trustee shall cooperate with the Administrator in carrying out the Administrator’s obligation to qualify and preserve the
Issuer’s qualification to do business in each jurisdiction, if any, in which such qualification is or shall be necessary to protect the validity and enforceability of the Indenture, the Notes, the Receivables and any other instrument and
agreement included in the Trust Property; provided that the Owner Trustee may rely on advice of counsel with respect to such obligation. 
 Section 6.03. Action Upon Instruction. 
 (a) Subject to
Article Four, and in accordance with the terms of the Issuer Basic Documents, the Certificateholders may, by written instruction, direct the Owner Trustee in the management of the Issuer. Such direction may be exercised at any time by written
instruction of the Certificateholders pursuant to Article Four. In addition, the Administrator may direct the Owner Trustee in the management of the Issuer in accordance with Section 6.01 and the Administration Agreement. 
 (b) The Owner Trustee shall not be required to take any action under this Agreement or any other Basic Document if the Owner Trustee shall
have reasonably determined, or shall have been advised by counsel, that such action is likely to result in liability on the part of the Owner Trustee or is contrary to the terms of any Basic Document or is otherwise contrary to Applicable Law.

  

 17 

 (c) Whenever the Owner Trustee is unable to decide between alternative courses of action
permitted or required by the terms of any Basic Document or in the event that the Owner Trustee is unsure as to the application of any provision of any Basic Document or any such provision is ambiguous as to its application, or is, or appears to be,
in conflict with any other applicable provision, or in the event that this Agreement permits any determination by the Owner Trustee or is silent or is incomplete as to the course of action that the Owner Trustee is required to take with respect to a
particular set of facts, the Owner Trustee shall promptly give notice (in such form as shall be appropriate under the circumstances) to the Certificateholders of record as of the preceding Record Date requesting instruction as to the course of
action to be adopted, and to the extent the Owner Trustee acts in good faith in accordance with any written instruction of Holders of Certificates evidencing at least 51% of the Certificate Percentage Interest received, the Owner Trustee shall not
be liable on account of such action to any Person. If the Owner Trustee shall not have received appropriate written instruction within ten days of such notice (or within such shorter period of time as reasonably may be specified in such notice or
may be necessary under the circumstances) it may, but shall be under no duty to, take or refrain from taking such action, not inconsistent with the Basic Documents as it shall deem to be in the best interests of the Certificateholders, and shall
have no liability to any Person for such action or inaction. 
 (d) Notwithstanding the foregoing, the right of the Depositor or
Certificateholders to take any action affecting the Trust Property shall be subject to the rights of the Indenture Trustee under the Indenture. 
 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register,
record, sell, dispose of or otherwise deal with the Trust Property, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Issuer is a party, except as
expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.03; and no implied duties or obligations shall be read into any Basic Document against the Owner
Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any Lien granted to it hereunder or to prepare or file
any Commission filing for the Issuer or to record any Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any Liens on any part of the Trust
Property that result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Trust Property. 
 Section 6.05. No Action Except Under Specified Documents or Instructions. The Owner Trustee shall not manage, control, use,
sell, dispose of or otherwise deal with any part of the Trust Property except in accordance with (i) the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (ii) the Basic Documents and
(iii) any document or instruction delivered to the Owner Trustee pursuant to Section 6.03. 
  

 18 

 Section 6.06. Restrictions. The Owner Trustee shall not take any action that
(i) is inconsistent with the purposes of the Issuer set forth in Section 2.03 or (ii) to the actual knowledge of a Responsible Officer of the Owner Trustee, would (a) affect the treatment of the Notes as indebtedness for federal
income or State income or franchise tax purposes, (b) be deemed to cause a taxable exchange of the Notes for federal income or State income or franchise tax purposes or (c) cause the Issuer or any portion thereof to be taxable as an
association or publicly traded partnership taxable as a corporation for federal income or State income or franchise tax purposes. The Certificateholders, the Administrator and the Servicer shall not direct the Owner Trustee to take any action that
would violate the provisions of this Section or any other provision of any Basic Document. Notwithstanding anything herein to the contrary, the Depositor, the Servicer and their respective Affiliates may maintain normal commercial banking
relationships with the Owner Trustee and its Affiliates. 
  

 19 

 ARTICLE SEVEN 
 THE OWNER TRUSTEE 
 Section 7.01. Acceptance of Duties. The Owner
Trustee accepts the trusts hereby continued and agrees to perform its duties with respect to such trusts, but only upon the terms of this Agreement. The Owner Trustee also agrees to disburse all monies actually received by it constituting part of
the Trust Property upon the terms set forth in the Basic Documents. The Owner Trustee shall not be answerable or accountable hereunder or under any other Basic Document under any circumstances, except (i) for its own willful misconduct, bad
faith or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 7.03 expressly made by the Owner Trustee, in its individual capacity. In particular, but not by way of limitation (and subject
to the exceptions set forth in the preceding sentence): 
 (a) the Owner Trustee shall not be liable for any
error of judgment made in good faith by the Owner Trustee; 
 (b) the Owner Trustee shall not be liable with
respect to any action taken or omitted to be taken in good faith by it in accordance with the provisions of this Agreement at the instructions of the Administrator or the Certificateholders; 
 (c) no provision of the Basic Documents shall require the Owner Trustee to expend or risk its own funds or otherwise incur
any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers hereunder or under any other Basic Document if the Owner Trustee shall have reasonable grounds for believing that repayment
of such funds or adequate indemnity against such risk or liability is not reasonably assured or provided to it; 
 (d) under no circumstances shall the Owner Trustee be liable for indebtedness evidenced by or arising under any Basic Document, including the principal of and interest on the Notes or any amounts payable on the Certificates; 
 (e) the Owner Trustee shall not be responsible for or in respect of the validity or sufficiency of this Agreement or for the
due execution hereof by the Depositor or for the form, character, genuineness, sufficiency, value or validity of any of the Trust Property, or for or in respect of the validity or sufficiency of the Basic Documents, other than the signature and the
certificate of authentication of the Owner Trustee on the Certificates, and the Owner Trustee shall in no event assume or incur any liability, duty or obligation to any Securityholder, other than as expressly provided for herein; 
 (f) the Owner Trustee shall not be liable for the default or misconduct of the Administrator, the Depositor, any
Certificateholder, the Indenture Trustee, the Servicer or the Seller under any Basic Document or otherwise, and the Owner Trustee shall have no obligation or liability to perform the obligations of the Issuer under the Basic Documents that are
required to be performed by the Administrator under the Administration Agreement, the Indenture Trustee under the Indenture or the Seller, the Servicer or the Depositor under the Sale and Servicing Agreement; 
  

 20 

 (g) the Owner Trustee shall be under no obligation to exercise any of the
rights or powers vested in it by this Agreement, or to institute, conduct or defend any litigation under this Agreement or otherwise or in relation to any Basic Document, at the request, order or direction of any Certificateholders, unless such
Certificateholders have offered to the Owner Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities that may be incurred by the Owner Trustee therein or thereby; and the right of the Owner Trustee to perform any
discretionary act enumerated in any Basic Document shall not be construed as a duty, and the Owner Trustee shall not be answerable other than for its negligence, bad faith or willful misconduct in the performance of any such act; 
 (h) the Owner Trustee shall have no responsibility for the accuracy of any information provided to Certificateholders or any
other individual or entity that has been obtained from, or provided to the Owner Trustee by, any other Person; and 
 (i) in the absence of negligence or bad faith on its part, the Owner Trustee may conclusively rely upon certificates or Opinions of Counsel furnished to the Owner Trustee and conforming to the requirements of this Agreement in determining
the truthfulness of the statements and the correctness of the opinions contained therein; provided, however, that the Owner Trustee shall have examined such certificates or Opinions of Counsel so as to determine compliance of the same with the
requirements of this Agreement. 
 Section 7.02. Furnishing of Documents. The Owner Trustee shall furnish to the
Certificateholders, promptly upon receipt of a written request therefor, and at the expense of the related Certificateholders, (i) copies of the Basic Documents and (ii) copies of all reports, notices, requests, demands, certificates,
financial statements and any other instruments furnished to the Owner Trustee under the Basic Documents. 
 Section 7.03.
Representations and Warranties. The Owner Trustee hereby represents and warrants to the Depositor and the Certificateholders, that: 
 (a) It is a Delaware banking corporation duly organized and validly existing in good standing under the laws of the State of Delaware and meets the eligibility criteria set forth in Section 10.01;
and it has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement. 
 (b) It has taken all corporate action necessary to authorize the execution and delivery by it of this Agreement, and this Agreement will be executed and delivered by one of its officers who is duly
authorized to execute and deliver this Agreement on its behalf. 
 (c) Neither the execution nor the delivery by
it of this Agreement, nor the consummation by it of the transactions contemplated hereby, nor compliance by it with any of the terms or provisions hereof will contravene any federal or Delaware law, governmental rule or regulation governing the
banking or trust powers of the Owner Trustee or any judgment or order binding on it, constitute any default under its charter documents or bylaws or any indenture, mortgage, contract, agreement or instrument to which it is a party or by which any of
its properties may be bound. 
  

 21 

 Section 7.04. Reliance; Advice of Counsel. 
 (a) The Owner Trustee shall incur no liability to anyone in acting upon any signature, instrument, notice, resolution, request, consent,
order, certificate, report, opinion, bond or other document or paper believed by it to be genuine and believed by it to be signed by the proper party or parties. The Owner Trustee may accept a certified copy of a resolution of the board of directors
or other governing body of any corporate party as conclusive evidence that such resolution has been duly adopted by such body and that the same is in full force and effect. As to any fact or matter the method of determination of which is not
specifically prescribed herein, the Owner Trustee may for all purposes hereof rely on a certificate, signed by any Authorized Officer of the relevant party, as to such fact or matter, and such certificate shall constitute full protection to the
Owner Trustee for any action taken or omitted to be taken by it in good faith in reliance thereon. 
 (b) In the exercise or
administration of the trusts hereunder and in the performance of its duties and obligations under this Agreement and to the extent expressly provided for under the other Issuer Basic Documents, the Owner Trustee may (i) act directly or through
its agents or attorneys pursuant to agreements entered into with any of them, and the Owner Trustee shall not be liable for the conduct or misconduct of such agents or attorneys if such agents or attorneys shall have been selected by the Owner
Trustee with reasonable care and (ii) consult with counsel, accountants and other skilled Persons to be selected with reasonable care and employed by it. The Owner Trustee shall not be liable for anything done, suffered or omitted in good faith
by it in accordance with the written opinion or advice of any such counsel, accountants or other such Persons and not contrary to any Basic Document. 
 Section 7.05. Not Acting in Individual Capacity. Except as otherwise provided in this Article, in accepting the trusts hereby created, Wilmington Trust Company acts solely as Owner Trustee
hereunder and not in its individual capacity, and all Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Basic Documents shall look only to the Trust Property for payment or satisfaction thereof.

 Section 7.06. Owner Trustee Not Liable for Basic Documents or Certificates. The recitals contained herein and in
the Certificates (other than the signature and the certificate of authentication of the Owner Trustee on the Certificates) shall be taken as the statements of the Depositor, and the Owner Trustee assumes no responsibility for the correctness
thereof. The Owner Trustee makes no representations as to the validity or sufficiency of any Basic Document or the Certificates (in each case other than the signature and the certificate of authentication of the Owner Trustee on the Certificates and
the representations and warranties in Section 7.03) or the Notes. The Owner Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable, or the perfection and
priority of any security interest created by any Receivable in any Financed Vehicle or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Property or its ability to generate the payments to be
distributed to the Certificateholders under this Agreement or to the Noteholders under the Indenture, including the existence, 
  

 22 

 
condition and ownership of any Financed Vehicle; the existence and enforceability of any insurance thereon; the existence and contents of any Receivable on any computer or other record thereof;
the validity of the assignment of any Receivable to the Issuer or of any intervening assignment; the completeness of any Receivable; the performance or enforcement of any Receivable; the compliance by the Depositor, the Seller or the Servicer with
any warranty or representation made under any Basic Document or the accuracy of any such warranty or representation, or for any action of the Administrator, the Indenture Trustee or the Servicer taken in the name of the Owner Trustee. 
 Section 7.07. Owner Trustee May Own Securities. The Owner Trustee in its individual or any other capacity may become a
Securityholder or pledgee of Certificates or Notes and may deal with the Depositor, the Administrator, the Indenture Trustee, the Seller and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee.

  

 23 

 ARTICLE EIGHT 
 COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE 
 Section 8.01. Owner
Trustee’s Fees and Expenses. The Owner Trustee shall receive as compensation for its services hereunder such fees as have been separately agreed upon before the date hereof between the Servicer or Administrator and the Owner Trustee, and
upon the formation of the Issuer, the Owner Trustee shall be entitled to be reimbursed, except as otherwise provided in the Basic Documents, by the Servicer or Administrator for its other reasonable expenses hereunder, including the reasonable
compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Owner Trustee may employ in connection with the exercise and performance of its rights and its duties hereunder. 
 Section 8.02. Indemnification. The Depositor shall be liable as primary obligor for, and shall indemnify the Indemnified Parties
from and against, any and all Expenses, which may at any time be imposed on, incurred by, or asserted against the Owner Trustee or any other Indemnified Party in any way relating to or arising out of the Basic Documents, the Trust Property, the
administration of the Trust Property or the action or inaction of the Owner Trustee hereunder; provided, however, that the Depositor shall not be liable for or required to indemnify an Indemnified Party from and against Expenses arising or resulting
from any of the matters described in the third sentence of Section 7.01. To the extent not paid, or caused to be paid, by the Depositor or the Administrator, any indemnity due and owing the Owner Trustee shall be paid in accordance with
Section 2.08 of the Indenture. The indemnities contained in this Section shall survive the resignation or termination of the Owner Trustee or the termination of this Agreement. In the event of any claim, action or Proceeding for which
indemnity will be sought pursuant to this Section, the Owner Trustee’s choice of legal counsel shall be subject to the approval of the Depositor, which approval shall not be unreasonably withheld. 
 Section 8.03. Payments to the Owner Trustee. Any amounts paid to the Owner Trustee pursuant to this Article from assets
that are part of the Trust Property shall be deemed not to be a part of the Trust Property immediately after such payment. 
  

 24 

 ARTICLE NINE 
 TERMINATION OF TRUST AGREEMENT 
 Section 9.01. Termination of Trust
Agreement. 
 (a) This Agreement (other than the provisions of Article Eight) shall terminate and be of no further
force or effect and the Issuer shall dissolve upon the earlier of (i) the payment to the Servicer, the Trustees and the Securityholders of all amounts required to be paid to them pursuant to the Indenture, the Sale and Servicing Agreement and
Article Five, (ii) the Distribution Date next succeeding the month which is one year after the maturity or other liquidation of the last Receivable and the disposition of any amounts received upon liquidation of any property remaining in
the Issuer or (iii) upon the purchase of the Receivables by the Servicer in connection with an Optional Purchase and retirement of the Securities. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not
(i) operate to dissolve or terminate this Agreement or the Issuer, (ii) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any Proceeding in any court for a partition or winding up of all
or any part of the Issuer or the Trust Property or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto. 
 (b) Except as provided in Section 9.01(a), neither the Depositor nor any Certificateholder shall be entitled to revoke, dissolve or terminate the Issuer. 
 (c) Notice of any termination of the Issuer, specifying the Distribution Date upon which Certificateholders shall surrender their
Certificates to the Owner Trustee for payment of the final distribution and cancellation, shall be given by the Owner Trustee to Certificateholders mailed within five Business Days of receipt of notice of such termination from the Servicer, stating
(i) the Distribution Date upon or with respect to which final payment of the Certificates shall be made upon presentation and surrender of the Certificates at the office of the Owner Trustee therein designated, (ii) the amount of any such
final payment and (iii) that the Record Date otherwise applicable to such Distribution Date is not applicable and that payments are being made only upon presentation and surrender of the Certificates at the office of the Owner Trustee therein
specified. The Owner Trustee shall give such notice to the Certificate Registrar (if other than the Owner Trustee) and the Paying Agent at the time such notice is given to Certificateholders. Upon presentation and surrender of the Certificates, the
Owner Trustee shall cause to be distributed to Certificateholders, subject to Section 3808 of the Delaware Statutory Trust Act, amounts distributable on such Distribution Date pursuant to Section 5.01. 
 (d) In the event that all of the Certificateholders shall not surrender their Certificates for cancellation within six months after the date
specified in the above mentioned written notice, the Owner Trustee shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If
within one year after the second notice all the Certificates shall not have been surrendered for cancellation, the Owner Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates and the cost thereof shall be paid out of the funds and other assets that shall remain subject to this Agreement. Subject to applicable escheat laws, any funds remaining in the Issuer
after exhaustion of such remedies shall be distributed by the Owner Trustee to the Seller, as Certificateholder. 
  

 25 

 (e) Upon the winding up of the Issuer, in accordance with Section 3808 of the Delaware
Statutory Trust Act, the Owner Trustee, at the expense of the Depositor, shall cause the Certificate of Trust to be cancelled by filing a certificate of cancellation with the Secretary of State in accordance with the provisions of
Section 3810(d) of the Delaware Statutory Trust Act and the Issuer and this Agreement (other than Article Eight) shall terminate and be of no further force or effect. 
  

 26 

 ARTICLE TEN 
 SUCCESSOR AND ADDITIONAL OWNER TRUSTEES 
 Section 10.01. Eligibility
Requirements for Owner Trustee. The Owner Trustee shall at all times be (i) a corporation organized under the laws of the United States or any State and satisfying the provisions of Section 3807(a) of the Delaware Statutory Trust Act,
(ii) authorized to exercise corporate trust powers; having (or having a parent that has) a combined capital and surplus of at least $50,000,000 and be subject to supervision or examination by federal or State authorities and (iii) having
(or having a parent that has) time deposits that are rated investment grade by Moody’s and Standard & Poor’s or, if it (or its parent) does not have such ratings, otherwise be acceptable to each Rating Agency. If such corporation
shall publish reports of condition at least annually pursuant to Applicable Law or to the requirements of the aforesaid supervising or examining authority, then for the purpose of this Section, the combined capital and surplus of such corporation
shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Owner Trustee shall cease to be eligible in accordance with the provisions of this Section, the Owner Trustee
shall resign immediately in the manner and with the effect specified in Section 10.02. 
 Section 10.02.
Resignation or Removal of Owner Trustee. The Owner Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Administrator and the Depositor, and will provide to the Depositor in
writing and in form and substance reasonably satisfactory to the Depositor, all information reasonably requested by the Depositor in order to comply with its reporting obligation under the Exchange Act with respect to the resignation of the Owner
Trustee. Upon receiving such notice of resignation, the Administrator shall promptly appoint a successor Owner Trustee acceptable to the Depositor by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning
Owner Trustee and one copy to the successor Owner Trustee. If no successor Owner Trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Owner Trustee may
petition any court of competent jurisdiction for the appointment of a successor Owner Trustee. Neither the Administrator nor the Depositor shall owe the outgoing Owner Trustee any expenses associated with the resignation of the outgoing Owner
Trustee and the outgoing Owner Trustee shall not be responsible for any expenses associated with the appointment of a successor Owner Trustee. 
 If at any time the Owner Trustee shall (i) cease to be eligible in accordance with Section 10.01 and shall fail to resign after written request therefor by the Administrator, or if at any time
the Owner Trustee shall be legally unable to act, (ii) be adjudged bankrupt or insolvent, or a receiver of the Owner Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Owner Trustee or of
its property or affairs for the purpose of rehabilitation, conservation or liquidation, (iii) fail to comply with any of its obligations under Section 10.02, 10.04 or 11.03, during the period that the Depositor is required to file Exchange
Act Reports with respect to the Issuer and such failure is not remedied within the lesser of ten calendar days and the period of time in which the related Exchange Act Report is required to be filed (without taking into account any extensions) or
(iv) otherwise become incapable of acting, then the Administrator or the Depositor may remove the Owner Trustee. If the Administrator or Depositor shall remove the Owner Trustee under the authority of the immediately preceding

  

 27 

 
sentence, the Administrator shall promptly appoint a successor Owner Trustee acceptable to the Depositor by written instrument, in duplicate, one copy of which instrument shall be delivered to
the outgoing Owner Trustee so removed and one copy to the successor Owner Trustee, and shall pay all fees and expenses owed to the outgoing Owner Trustee. 
 Any resignation or removal of the Owner Trustee and appointment of a successor Owner Trustee pursuant to any of the provisions of this Section shall not become effective until acceptance of
appointment by the successor Owner Trustee pursuant to Section 10.03 and payment of all fees and expenses owed to the outgoing Owner Trustee. 
 Section 10.03. Successor Owner Trustee. Any successor Owner Trustee appointed pursuant to Section 10.02 shall execute, acknowledge and deliver to the Administrator and to its predecessor
Owner Trustee an instrument accepting such appointment under this Agreement and deliver to the Depositor in writing and in form and substance reasonably satisfactory to the Depositor, all information reasonably requested by the Depositor in order to
comply with its reporting obligation under the Exchange Act with respect to the successor Owner Trustee, and thereupon, subject to the payment of all fees and expenses owed to the predecessor Owner Trustee, the resignation or removal of the
predecessor Owner Trustee shall become effective, and such successor Owner Trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor under this Agreement,
with like effect as if originally named as Owner Trustee. The predecessor Owner Trustee shall upon payment of its fees and expenses deliver to the successor Owner Trustee all documents and statements and monies held by it under this Agreement and
the Administrator and the predecessor Owner Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Owner Trustee all such rights,
powers, duties and obligations. 
 No successor Owner Trustee shall accept appointment as provided in this Section unless
at the time of such acceptance such successor Owner Trustee shall be eligible pursuant to Section 10.01. Any successor Owner Trustee shall promptly file an amendment to the Certificate of Trust as required by the Delaware Statutory Trust Act.

 Upon acceptance of appointment by a successor Owner Trustee pursuant to this Section, the Administrator shall mail notice
thereof to the Depositor, the Certificateholders, the Indenture Trustee and the Rating Agencies. If the Administrator shall fail to mail such notice within ten days after acceptance of such appointment by the successor Owner Trustee, the successor
Owner Trustee shall cause such notice to be mailed at the expense of the Administrator. 
 Section 10.04. Merger or
Consolidation of Owner Trustee. 
 (a) If the Owner Trustee consolidates with, merges or converts into, or transfers all or
substantially all its corporate trust business or assets to, another entity, the resulting, surviving or transferee corporation or banking association without any further act, except the filing of an amendment to the Certificate of Trust, if
required under the Delaware Statutory Trust Act, shall be the successor Owner Trustee; provided, however, that such corporation or banking association must be otherwise qualified and eligible under Section 10.01. The Owner Trustee shall
(i) provide the Rating Agencies with written notice as soon as practicable after a public

  

 28 

 
announcement is made regarding any such transaction, (ii) file an amendment to the Certificate of Trust as required by Section 10.03 (if required under the Delaware Statutory Trust Act)
and (iii) provide the Depositor in writing and in form and substance reasonably satisfactory to the Depositor, all information reasonably requested by the Depositor in order to comply with its reporting obligation under the Exchange Act with
respect to the successor Owner Trustee. 
 (b) If any of the Certificates shall have been authenticated but not delivered at the
time such successor or successors by consolidation, merger or conversion to the Owner Trustee shall succeed to the trusts created by this Agreement, any such successor to the Owner Trustee may adopt the certificate of authentication of any
predecessor trustee and deliver such Certificates so authenticated. If any of the Certificates shall not have been authenticated upon such succession, any such successor to the Owner Trustee may authenticate such Certificates either in the name of
any predecessor trustee or in the name of the successor to the Owner Trustee. In all such cases such certificates shall have the full force which the Certificates or this Agreement provide that the certificate of the Owner Trustee shall have.

 Section 10.05. Appointment of Co-Trustee or Separate Trustee. Notwithstanding any other provision of this
Agreement, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the Trust Property or any Financed Vehicle may at the time be located, the Administrator and the Owner Trustee acting jointly shall
have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Administrator and Owner Trustee to act as co-trustee, jointly with the Owner Trustee, or as separate trustee or separate trustees, of all or
any part of the Trust Property, and to vest in such Person, in such capacity and for the benefit of the Certificateholders, such title to the Trust Property or any part thereof and, subject to the other provisions of this Section, such powers,
duties, obligations, rights and trusts as the Administrator and the Owner Trustee may consider necessary or desirable. If the Administrator shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, the
Owner Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee under this Agreement shall be required to meet the terms of eligibility as a successor Owner Trustee pursuant to Section 10.01, except that
such co-trustee or successor trustee shall have the Required Rating or otherwise be acceptable to each Rating Agency, and no notice of the appointment of any co-trustee or separate trustee shall be required pursuant to Section 10.03.

 Each separate trustee and co-trustee shall, to the extent permitted by Applicable Law, be appointed and act subject to the
following provisions and conditions: 
 (a) all rights, powers, duties and obligations conferred or imposed upon
the Owner Trustee shall be conferred or imposed upon and exercised or performed by the Owner Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized to act separately
without the Owner Trustee joining in such act), except to the extent that under any Applicable Law of any jurisdiction in which any particular act or acts are to be performed, the Owner Trustee shall be incompetent or unqualified to perform such act
or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Property or any portion thereof in any such jurisdiction) shall be exercised and performed singly by such separate trustee or
co-trustee, but solely at the direction of the Owner Trustee; 
  

 29 

 (b) no trustee under this Agreement shall be personally liable by reason of
any act or omission of any other trustee under this Agreement; and 
 (c) the Administrator and the Owner Trustee
acting jointly may at any time accept the resignation of or remove any separate trustee or co-trustee. 
 Any notice, request or
other writing given to the Owner Trustee shall be deemed to have been given to each of the then-separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer
to this Agreement and the conditions of this Article. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the
Owner Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to,
the Owner Trustee. Each such instrument shall be filed with the Owner Trustee and a copy thereof given to the Administrator. 
 Any separate trustee or co-trustee may at any time appoint the Owner Trustee as its agent or attorney-in-fact with full power and authority, to the extent not prohibited by Applicable Law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Owner
Trustee, to the extent permitted by Applicable Law, without the appointment of a new or successor co-trustee or separate trustee. 
  

 30 

 ARTICLE ELEVEN 
 REGULATION AB 
 Section 11.01. Intent of the Parties; Reasonableness.
The parties hereto acknowledge and agree that the purpose of this Article is to facilitate compliance by the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. The Depositor shall not exercise
its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than the Depositor’s compliance with the Securities Act, the Exchange Act and the rules and regulations of
the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Owner Trustee agrees to cooperate in good faith with any reasonable request by the Depositor for information
regarding the Owner Trustee which is required in order to enable the Depositor to comply with the provisions of Regulation AB, including Items 1109(a), 1109(b), 1117 and 1119 of Regulation AB as such items relate to the Owner Trustee or to the Owner
Trustee’s obligations under this Agreement. 
 Section 11.02. Representations and Warranties. The Owner Trustee
represents that: 
 (i) there are no affiliations, relating to the Owner Trustee with respect to any
Item 1119 Party; 
 (ii) there are no relationships or transactions with respect to any Item 1119 Party
and the Owner Trustee that are outside the ordinary course of business or on terms other than would be obtained in an arm’s-length transaction with an unrelated third party, apart from the transactions contemplated under the Basic Documents,
and that are material to the investors’ understanding of the Notes; and 
 (iii) there are no legal
Proceedings pending, or known to be contemplated by Governmental Authorities, against the Owner Trustee, or of which the property of the Owner Trustee is subject, that is material to the Noteholders. 
 Section 11.03. Information to Be Provided by the Owner Trustee. 
 (a) For so long as the Depositor is required to report under Regulation AB, the Owner Trustee shall, as promptly as practicable, notify the
Depositor, in writing, of (i) the commencement of, a material development in or, if applicable, the termination of, any and all Proceedings against the Owner Trustee or any and all Proceedings of which any property of the Owner Trustee is the
subject, that is material to the Noteholders and (ii) any such Proceedings known to be contemplated by Governmental Authorities. The Owner Trustee shall also notify the Depositor, in writing, as promptly as practicable following notice to or
discovery by a Responsible Officer of the Owner Trustee of any material changes to Proceedings described in the preceding sentence. In addition, the Owner Trustee will furnish to the Depositor, in writing, the necessary disclosure regarding the
Owner Trustee describing such Proceedings required to be disclosed under Item 1117 of Regulation AB, for inclusion in reports filed by or on behalf of the Depositor pursuant to the Exchange Act. 
  

 31 

 (b) For so long as the Depositor is required to report under Regulation AB, the Owner
Trustee shall (i) on or before the fifth Business Day of each January, April, July and October, provide to the Depositor such information regarding the Owner Trustee as is required for the purpose of compliance with Items 1109(a), 1109(b) and
1119 of Regulation AB; provided, however, the Owner Trustee shall not be required to provide such information in the event that there has been no change to the information previously provided by the Owner Trustee to the Depositor, and (ii) as
promptly as practicable following notice to or discovery by a Responsible Officer of the Owner Trustee of any changes to such information, provide to the Depositor, in writing, such updated information. Such information shall include, at a minimum:

 (A) the Owner Trustee’s name and form of organization; 
 (B) a description of the extent to which the Owner Trustee has had prior experience serving as a trustee for asset-backed
securities transactions involving auto finance receivables; and 
 (C) a description of any affiliation between
the Owner Trustee and any of the following parties to a Securitization Transaction, as such parties are identified by name to the Owner Trustee by the Depositor in writing in advance of such Securitization Transaction: (1) the sponsor,
(2) any depositor, (3) the issuing entity, (4) any servicer or subservicer, (5) any other trustee, (6) any originator, (7) any significant obligor, (8) any enhancement or support provider and (9) any other
material party related to any Securitization Transaction. 
 In addition, the Owner Trustee shall provide a description of
whether there is, and if so the general character of, any business relationship, agreement, arrangement, transaction or understanding between the Owner Trustee and any above-listed party that is entered into outside the ordinary course of business
or is on terms other than would be obtained in an arm’s-length transaction with an unrelated third party, apart from the Securitization Transactions, that currently exists or that existed during the past two years and that is material to an
investor’s understanding of the Notes. 
  

 32 

 ARTICLE TWELVE 
 MISCELLANEOUS 
 Section 12.01. Supplements and Amendments. 

(a) This Agreement may be amended from time to time by the parties hereto with prior written notice to the Rating Agencies, without the
consent of any Securityholders, (i) to cure any ambiguity, to correct or supplement any provision herein that may be inconsistent with any other provision herein or in any offering document used in connection with the initial offer and sale of
the Notes or the Certificates and (ii) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement which will not be inconsistent with other provisions of this Agreement;
provided, however, that no such amendment (i) may materially adversely affect the interests of any Securityholders and (ii) will be permitted unless an Opinion of Counsel is delivered to the Owner Trustee to the effect that such amendment
will not cause the Issuer to be characterized for federal income tax purposes as an association or publicly-traded partnership taxable as a corporation or otherwise have any material adverse impact on the federal income taxation of any Notes
Outstanding or outstanding Certificates. 
 (b) This Agreement may be amended from time to time by the Depositor and the Owner
Trustee with prior written notice to the Rating Agencies and with the consent of the Holders of Notes evidencing not less than 51% of the Note Balance or, if the Notes have been paid in full, the Holders of Certificates evidencing not less than 51%
of the aggregate Certificate Percentage Interest, for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Agreement or modifying in any manner the rights of the Securityholders; provided,
however, that no such amendment will be permitted unless an Opinion of Counsel is delivered to the Owner Trustee to the effect that such amendment will not cause the Issuer to be characterized for federal income tax purposes as an association or a
publicly traded partnership taxable as a corporation or otherwise have any material adverse impact on the federal income taxation of any Notes Outstanding or outstanding Certificates; and, provided further, that no such amendment may: 
 (i) increase or reduce in any manner the amount of, or accelerate or delay the timing of, or change the allocation or
priority of, collections of payments on or in respect of the Receivables or distributions that are required to be made for the benefit of the Securityholders without the consent of all Securityholders adversely affected by such amendment;

 (ii) reduce the percentage of the Note Balance or the percentage of the aggregate Certificate Percentage
Interest the consent of the Noteholders or Certificateholders, as applicable, of which is required for any amendment to this Agreement without the consent of all the Securityholders adversely affected by the amendment; or 
  

 33 

 (iii) adversely affect the rating assigned by any Rating
Agency, to any Class of Notes without the consent of the Noteholders evidencing not less than 66 2/3% of the Note Balance of such Class of Notes. 
 (c)
An amendment to this Agreement shall be deemed not to materially adversely affect the interests of any Securityholders if (i) the Person requesting such amendment obtains and delivers to the Owner Trustee an Opinion of Counsel to that effect or
(ii) the Rating Agency Condition is satisfied. 
 (d) It shall not be necessary for the consent of the Certificateholders,
the Noteholders or the Indenture Trustee pursuant to this Section to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such
consents (and any other consents of Certificateholders provided for in this Agreement or in any other Basic Document) and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable requirements
as the Owner Trustee may prescribe. Promptly after the execution of any amendment to the Certificate of Trust, the Owner Trustee shall file such amendment or cause such amendment to be filed with the Secretary of State. 
 (e) Promptly after the execution of any such amendment or consent, the Owner Trustee shall furnish written notification of the substance of
such amendment or consent to each Certificateholder and the Depositor shall furnish written notice of the substance of such amendment or consent to the Indenture Trustee and the Rating Agencies. 
 (f) In connection with the execution of any amendment to this Agreement or any amendment to any other agreement to which the Issuer is a
party, the Owner Trustee shall be entitled to receive and shall be fully protected in relying upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement (or such other agreement) and that all
conditions precedent in this Agreement (or such other agreement) to the execution and delivery of such amendment have been satisfied. The Owner Trustee may, but shall not be required to, execute any amendment which, as evidenced by an Opinion of
Counsel, adversely affects the Owner Trustee’s rights, duties and liabilities under this Agreement. 
 Section 12.02.
Limitations on Rights of Others. The provisions of this Agreement are solely for the benefit of the Owner Trustee, the Depositor, the Certificateholders, the Administrator and, to the extent expressly provided herein, the Indenture Trustee
and the Noteholders, and nothing in this Agreement or in the Certificates, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Trust Property or under or in respect of this
Agreement or any covenants, conditions or provisions contained herein. 
 Section 12.03. Notices. Unless otherwise
specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the parties to this Agreement will be in writing. Notices, requests, demands, consents and other communications will be deemed to have
been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage prepaid, three days after deposit in the mail and (ii) in the case of (a) a facsimile, when receipt is confirmed by
telephone or by reply e-mail or reply 
  

 34 

 
facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply e-mail from the recipient and (c) an electronic posting to a password-protected website,
upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance with clauses (ii)(b) through (ii)(c) above. Unless otherwise specified
in this Agreement, any such notice, request, demand, consent or other communication will be delivered or addressed, in the case of (i) the Owner Trustee, at the Corporate Trust Office (e-mail: yhowell@wilmingtontrust.com, facsimile:
(302) 636-4140), (ii) the Depositor, at 36455 Corporate Drive, Farmington Hills, Michigan 48331 (e-mail: steven.c.poling@daimler.com, facsimile: (248) 991-6962), (iii) the Indenture Trustee, at the Corporate Trust Office
(e-mail: melissa.rosal@usbank.com, telecopier: (312) 325-8905), (iv) Moody’s, at Moody’s Investors Service, Inc., ABS Monitoring Department, 7 World Trade Center, 25th Floor, 250 Greenwich Street, New York, New York 10007 (e-mail: ServicerReports@Moodys.com),
(v) Standard & Poor’s, at Standard & Poor’s Ratings Services, a Division of The McGraw-Hill Companies, Inc., 55 Water Street, New York, New York 10041, Attention: Asset Backed Surveillance Department
(e-mail: Servicer_reports@sandp.com) or (vi) as to each of the foregoing, at such other address as shall be designated by written notice to the other parties. 
 Section 12.04. Severability. If any one or more of the covenants, agreements, provisions or terms of this Agreement or the Certificates shall be for any reason whatsoever held invalid, illegal
or unenforceable, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and the Certificates and shall in no way affect or impair the validity
or enforceability of the other covenants, agreements, provisions and terms of this Agreement or of the Certificates or the rights of the Certificateholders. 
 Section 12.05. Counterparts. This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute but one and the same instrument. 
 Section 12.06. Successors and Assigns.
All covenants and agreements contained herein and in the Certificates shall be binding upon, and inure to the benefit of, the Depositor, the Owner Trustee and the Certificateholders and their respective successors and permitted assigns, all as
herein provided. Any request, notice, direction, consent, waiver or other instrument or action by a Certificateholder shall bind its successors and assigns. 
 Section 12.07. No Petition. The Owner Trustee and the Depositor, by entering into this Agreement, each Certificateholder, by accepting a Certificate or a beneficial interest therein, the
Indenture Trustee and each Noteholder or beneficial owner of Notes, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against, or join any other Person in instituting against, the
Depositor or the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings or other Proceedings under any Insolvency Law in connection with any obligations relating to the Certificates, the Notes or any Basic Document
and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Depositor or the Issuer during the same period. 
  

 35 

 Section 12.08. Table of Contents and Headings. The Table of Contents and the
various headings in this Agreement are included for convenience only and will not affect the meaning or interpretation of any provision of this Agreement. 
 Section 12.09. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  

 36 

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

			
	 DAIMLER RETAIL RECEIVABLES LLC,
as Depositor

		
	 By:
	 	  

	 Name:
	 	Brian Evon
	Title:	 	Vice President
		
	 By:
	 	  

	 Name:
	 	Steven C. Poling
	Title:	 	Assistant Secretary
	
	 WILMINGTON TRUST COMPANY,
as Owner Trustee

		
	 By:
	 	  

	 Name:
	 	
	Title:	 	

  

 37 

 EXHIBIT A 
 THIS ASSET BACKED CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE NOTES TO THE EXTENT DESCRIBED IN THE TRUST AGREEMENT, THE SALE AND SERVICING AGREEMENT AND THE INDENTURE REFERRED TO HEREIN.

 THIS ASSET BACKED CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR AN OBLIGATION OF DAIMLER RETAIL RECEIVABLES LLC, DCFS
USA LLC OR ANY OF THEIR RESPECTIVE AFFILIATES. 
 THIS ASSET BACKED CERTIFICATE MAY NOT BE ACQUIRED BY OR WITH PLAN ASSETS
OF AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT THAT IS SUBJECT TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE. 
  

			
	 REGISTERED
	 	NO. R-1

 MERCEDES-BENZ AUTO RECEIVABLES TRUST 2009-1 
 ASSET BACKED CERTIFICATE 
 evidencing an undivided beneficial interest in the property of Mercedes-Benz Auto Receivables Trust 2009-1, a Delaware statutory trust (the “Issuer”), which property includes a pool of motor vehicle installment sales contracts and
installment loans secured by new and used motor vehicles sold by DCFS USA LLC, a Delaware limited liability company (“DCFS USA”), to Daimler Retail Receivables LLC, a Delaware limited liability company (“Daimler
Receivables” or the “Depositor”), and sold by the Depositor to the Issuer. The property of the Issuer has been pledged by the Issuer to U.S. Bank National Association, a national banking association, as trustee (the “Indenture
Trustee”), pursuant to an indenture, dated as of October 1, 2009 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), between the Issuer and the Indenture Trustee, to secure the payment
of the Notes issued thereunder. 
 This certifies that DAIMLER RETAIL RECEIVABLES LLC is the registered owner of a 100%
Certificate Percentage Interest nonassessable, fully paid, undivided beneficial interest in the Issuer. The Issuer is governed by an amended and restated trust agreement dated as of October 1, 2009 (as amended, restated, supplemented or
otherwise modified from time to time, the “Trust Agreement”), between the Depositor and Wilmington Trust Company, as trustee (in such capacity, and not in its individual capacity, the “Owner Trustee”), a summary of certain of the
pertinent provisions of which is set forth below. Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed in Appendix A to the sale and servicing agreement, dated as of October 1, 2009 (as amended,
restated, supplemented or otherwise modified from time to time, the “Sale and Servicing Agreement”), among the Issuer, the Depositor and DCFS USA, as seller (in such capacity, the “Seller”), and as servicer (in such capacity, the
“Servicer”). 
  

 A-1 

 This Certificate is issued under and is subject to the terms, provisions and conditions of
the Trust Agreement, to which Trust Agreement the registered holder of this Certificate (the “Certificateholder”) by virtue of the acceptance hereof assents and by which such Certificateholder is bound. The property of the Issuer primarily
includes: (i) a pool of motor vehicle installment sales contracts and installment loans originated in connection with the sale of new or used motor vehicles (the “Receivables”), (ii) all amounts received on or in respect of the
Receivables after the Cutoff Date, (iii) the security interests in the Financed Vehicles granted by the Obligors pursuant to the Receivables and (iv) all proceeds of the foregoing. 
 THE RIGHTS OF THE ISSUER IN THE FOREGOING PROPERTY OF THE ISSUER HAVE BEEN PLEDGED TO THE INDENTURE TRUSTEE TO SECURE THE PAYMENT OF THE
NOTES. 
 Pursuant to the Trust Agreement, there will be distributed on each Distribution Date to the Person in whose name this
Certificate is registered at the close of business on the Business Day preceding such Distribution Date such Certificateholder’s Certificate Percentage Interest in the amount to be distributed to Certificateholders on such Distribution Date.
“Distribution Date” means the 15th day of each month or, if such 15th day is not a Business Day, the following Business Day, commencing on November 16, 2009. 
 THE HOLDER OF THIS CERTIFICATE ACKNOWLEDGES AND AGREES THAT ITS RIGHTS TO RECEIVE DISTRIBUTIONS IN RESPECT OF THIS CERTIFICATE ARE
SUBORDINATED TO THE RIGHTS OF THE NOTEHOLDERS AS DESCRIBED IN THE TRUST AGREEMENT, THE SALE AND SERVICING AGREEMENT AND THE INDENTURE. 
 It is the intent of the Depositor, the Owner Trustee, the Seller, the Servicer and the Certificateholders that, for purposes of federal income taxes, State and local income taxes and any other income taxes the Issuer will be treated as
either an entity that is disregarded as separate from the beneficial owner of the equity in the Issuer if there is only one such owner, or as a partnership (other than an association or publicly traded partnership) if there are two or more such
owners. The Depositor and any other Certificateholders, by acceptance of a Certificate, agree with the foregoing characterization of the Certificates for such tax purposes and further agree to take no action inconsistent therewith. 
 Each Certificateholder, by its acceptance of a Certificate or a beneficial interest therein, covenants and agrees that such
Certificateholder will not at any time institute against the Depositor or the Issuer, or join in any institution against the Depositor or the Issuer of, any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings or other
Proceedings under any Insolvency Law in connection with any obligations relating to the Notes, the Certificates or any Basic Document and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Depositor
or the Issuer during the same period. 
 Distributions on this Certificate will be made as provided in the Trust Agreement by
the Paying Agent by wire transfer or check mailed to the Certificateholder of record in the Certificate Register without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the
Trust Agreement and notwithstanding the

  

 A-2 

 
above, the final distribution on this Certificate will be made after due notice by the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this
Certificate at the office or agency of the Owner Trustee maintained for that purpose in Wilmington, Delaware. 
 Reference is
hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if fully set forth on the face of this Certificate. 
 Unless the certificate of authentication hereon has been executed by an Authorized Officer of the Owner Trustee, by manual signature, this
Certificate shall not entitle the Holder hereof to any benefit under the Trust Agreement or the Sale and Servicing Agreement or be valid for any purpose. 
 THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  

 A-3 

 IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Issuer and not in its individual
capacity, has caused this Certificate to be duly executed as of the date set forth below. 
  

					
	 Dated: October 9, 2009
	 	MERCEDES-BENZ AUTO RECEIVABLES TRUST 2009-1,
			
		 	By:	 	WILMINGTON TRUST COMPANY,
		 		 	not in its individual capacity but solely as Owner Trustee
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 OWNER TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Certificates referred to in the within-mentioned Trust Agreement. 
  

					
	 Dated: October 9, 2009
	 	WILMINGTON TRUST COMPANY,
		 	 not in its individual capacity but solely as Owner
 Trustee

			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

 A-4 

 [REVERSE OF CERTIFICATE] 
 This Certificate does not represent an obligation of, or an interest in, the Depositor, the Seller, the Servicer, the Administrator, the
Owner Trustee or any of their respective Affiliates, and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated herein, in the Trust Agreement or in the other Basic Documents. In addition,
this Certificate is not guaranteed by any Governmental Authority and is limited in right of payment to certain collections with respect to the Receivables (and certain other amounts), all as more specifically set forth herein and in the Indenture
and the Sale and Servicing Agreement. 
 The Trust Agreement permits the Depositor and the Owner Trustee, on behalf of the
Issuer, with certain exceptions therein provided, to amend from time to time certain terms and conditions set forth in the Trust Agreement without the consent of the Certificateholders. The Trust Agreement also permits the Depositor and the Owner
Trustee, on behalf of the Issuer, with certain exceptions as therein provided, to amend certain terms and conditions set forth in the Trust Agreement with the consent of the Holders of Notes evidencing not less than 51% of the Note Balance and the
Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interest. Any such consent by the Certificateholder shall be conclusive and binding on such Certificateholder and on all future Certificateholders and of
any Certificate issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent is made upon this Certificate. 
 As provided in the Trust Agreement and subject to certain limitations therein set forth, the Transfer of this Certificate may be registered
in the Certificate Register upon surrender of this Certificate for registration of Transfer at the Corporate Trust Office and a written instrument of transfer in form satisfactory to the Owner Trustee and the Certificate Registrar duly executed by
the Certificateholder or such Certificateholder’s attorney duly authorized in writing, and thereupon one or more new Certificates in any authorized denomination and in the same aggregate Certificate Percentage Interest in the Issuer will be
issued to the designated transferee or transferees. No service charge shall be made for any registration of Transfer or exchange of Certificates, but the Owner Trustee or the Certificate Registrar may require payment of a sum sufficient to cover any
tax or governmental charge that may be imposed in connection therewith. The initial Certificate Registrar appointed under the Trust Agreement is the Owner Trustee. 
 Each Certificateholder, by its acceptance of a Certificate, shall be deemed to have represented and warranted that such Certificateholder is not an (i) employee benefit plan or arrangement subject to
Title I of ERISA, a plan subject to Section 4975 of the Code or any entity whose underlying assets include plans assets by reason of a plan’s investment in the entity (a “Benefit Plan”), nor a person acting on behalf of a
Benefit Plan nor using the assets of a Benefit Plan to effect the transfer of such Certificate, or (ii) insurance company purchasing a Certificate with funds contained in an “insurance company general account” (as defined in
Section V(e) of PTCE 95-60) that includes the assets of a Benefit Plan for purposes of the Plan Asset Regulation. 
 Any
Person who is not an Affiliate of the Seller and acquires more than 49.9% of the Certificates will be deemed to represent that it is not a party in interest (within the meaning of ERISA) or a disqualified person (within the meaning of
Section 4975(e)(2) of the Code) with respect to any Benefit Plan, other than a Benefit Plan that it sponsors for the benefit of its employees, and that no Benefit Plan with respect to which it is a party in interest has or will acquire any
interest in the Notes. 
  

 A-5 

 The Certificates are issuable only in registered form in denominations as provided in the
Trust Agreement, subject to certain limitations therein set forth. 
 The Owner Trustee, the Certificate Registrar and any
Paying Agent may treat the Person in whose name this Certificate is registered in the Certificate Register (as of the day of determination) as the owner of this Certificate for the purpose of receiving distributions pursuant to the Trust Agreement
and for all other purposes whatsoever, and none of the Owner Trustee, the Certificate Registrar or any Paying Agent shall be bound by any notice to the contrary. 
 The Trust Agreement, with certain exceptions therein provided, shall terminate and be of no further force or effect and the Issuer shall dissolve upon the earlier of (i) the payment to the Servicer,
the Trustees and the Securityholders of all amounts required to be paid to them pursuant to the terms of the Indenture, the Sale and Servicing Agreement and the Trust Agreement, (ii) the Distribution Date next succeeding the month which is one
year after the maturity or other liquidation of the last Receivable and the disposition of any amounts received upon liquidation of any property remaining in the Issuer or (iii) upon the purchase of the Receivables by the Servicer in connection
with an Optional Purchase and retirement of the Notes and Certificates. 
  

 A-6 

 ASSIGNMENT 
 SOCIAL SECURITY NUMBER 
 OR OTHER IDENTIFICATION 
 NUMBER OF ASSIGNEE:
                             
 FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers 
 unto                                       
                                         
                                         
                                         
                                         
      
                                        
                                         
                                         
                                         
                                         
              
 (name and address of assignee) 

the within Certificate and all rights thereunder, and hereby irrevocably constitutes and appoints
                            , attorney, to transfer said Certificate on the Certificate Register, with
full power of substitution in the premises. 
 Dated: 
  

			
	  
                                        
                                         
    */

	
	 Signature Guaranteed:

	  
                                        
                                         
    */

  
  

	*/	NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Certificate in every particular,
without alteration, enlargement or any change whatsoever. Such signature must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Certificate Registrar. 

  

 A-7 

 EXHIBIT B 
 CERTIFICATE OF TRUST OF 
 MERCEDES-BENZ AUTO RECEIVABLES TRUST 2009-1 
 This Certificate of Trust of Mercedes-Benz Auto Receivables Trust 2009-1 (the “Trust”), is being duly executed and filed by
Wilmington Trust Company, a Delaware banking corporation, as trustee (the “Trustee”), to form a statutory trust under the Delaware Statutory Trust Act (12 Del. Code, § 3801 et seq.) (the “Act”).

 1. Name. The name of the statutory trust formed hereby is Mercedes-Benz Auto Receivables Trust 2009-1. 
 2. Delaware Trustee. The name and business address of a trustee of the Trust having its principal place of business in the State of
Delaware is Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 
 3. Effective Date. This Certificate of Trust shall be effective upon its filing with the Secretary of State of the State of Delaware. 
 IN WITNESS WHEREOF, the undersigned, being the sole trustee of the Trust, has executed this Certificate of Trust in accordance with
Section 3811 of the Act. 
  

			
	WILMINGTON TRUST COMPANY,
	 as Trustee

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 B-1Sale and Servicing Agreement

 Exhibit 10.1 
  
  
 MERCEDES-BENZ AUTO RECEIVABLES TRUST 2009-1, 
 as Issuer, 
 DAIMLER RETAIL RECEIVABLES LLC, 
 as Depositor, 
 DCFS USA LLC, 
 as Seller, 
 and

 DCFS USA LLC, 
 as Servicer 
  
  
 SALE AND SERVICING
AGREEMENT 
 Dated as of October 1, 2009 
  
  
  
  

 TABLE OF CONTENTS 
  

			
	 	  	Page
	ARTICLE ONE
	
	DEFINITIONS
	 Section 1.01. Capitalized Terms; Rules of Usage
	  	1
	
	ARTICLE TWO
	
	CONVEYANCE OF TRUST PROPERTY
		
	 Section 2.01. Conveyance of Trust Property
	  	2
	 Section 2.02. Representations and Warranties of the Seller as to the Receivables
	  	3
	 Section 2.03. Representations and Warranties of the Depositor as to the Receivables
	  	4
	 Section 2.04. Representations and Warranties as to Security Interests
	  	4
	 Section 2.05. Repurchase of Receivables Upon Breach
	  	5
	 Section 2.06. Custody of Receivable Files
	  	6
	 Section 2.07. Duties of Servicer as Custodian
	  	6
	 Section 2.08. Instructions; Authority to Act
	  	7
	 Section 2.09. Indemnification by Custodian
	  	7
	 Section 2.10. Effective Period and Termination
	  	8
	
	ARTICLE THREE
	
	ADMINISTRATION AND SERVICING OF THE TRUST PROPERTY
		
	 Section 3.01. Duties of Servicer
	  	9
	 Section 3.02. Delegation of Duties; Subservicers
	  	10
	 Section 3.03. Collection of Receivable Payments; Modification of Receivables
	  	10
	 Section 3.04. Realization Upon Receivables
	  	11
	 Section 3.05. Maintenance of Physical Damage Insurance Policies
	  	12
	 Section 3.06. Maintenance of Security Interests in Financed Vehicles
	  	12
	 Section 3.07. Covenants of Servicer
	  	12
	 Section 3.08. Purchase of Receivables Upon Breach
	  	13
	 Section 3.09. Servicing Compensation; Payment of Certain Expenses by Servicer
	  	13
	 Section 3.10. Investor Report
	  	13
	 Section 3.11. Annual Statement as to Compliance; Notice of Servicer Termination Events
	  	13
	 Section 3.12. Annual Accountants’ Report
	  	14
	 Section 3.13. Access to Certain Documentation and Information Regarding Receivables
	  	15
	 Section 3.14. Reports to the Commission
	  	15

  

 i 

			
	 	  	Page
	 Section 3.15. Reports to Rating Agencies
	  	15
	
	ARTICLE FOUR
	
	 DISTRIBUTIONS; RESERVE FUND;
 STATEMENTS TO SECURITYHOLDERS

	 Section 4.01. Establishment of Accounts
	  	16
	 Section 4.02. Reserve Fund
	  	17
	 Section 4.03. Monthly Remittance Condition
	  	18
	 Section 4.04. Collections
	  	18
	 Section 4.05. Application of Collections
	  	19
	 Section 4.06. Advances
	  	19
	 Section 4.07. Additional Deposits
	  	19
	 Section 4.08. Determination Date Calculations; Application of Available Funds
	  	20
	 Section 4.09. Statements to Securityholders
	  	21
	
	ARTICLE FIVE
	
	THE DEPOSITOR
		
	 Section 5.01. Representations and Warranties of Depositor
	  	22
	 Section 5.02. Liability of Depositor; Indemnities
	  	23
	 Section 5.03. Merger, Consolidation or Assumption of the Obligations of Depositor
	  	25
	 Section 5.04. Limitation on Liability of Depositor and Others
	  	25
	 Section 5.05. Depositor Not to Resign
	  	25
	 Section 5.06. Depositor May Own Securities
	  	25
	 Section 5.07. Covenants of Depositor
	  	26
	
	ARTICLE SIX
	
	THE SERVICER
		
	 Section 6.01. Representations and Warranties of Servicer
	  	27
	 Section 6.02. Liability of Servicer; Indemnities
	  	28
	 Section 6.03. Merger or Consolidation of, or Assumption of the Obligations of Servicer
	  	29
	 Section 6.04. Limitation on Liability of Servicer and Others
	  	30
	 Section 6.05. DCFS USA Not to Resign as Servicer
	  	30
	 Section 6.06. Servicer May Own Securities
	  	30

  

 ii 

			
	 	  	Page
	ARTICLE SEVEN
	
	SERVICER TERMINATION EVENTS
	 Section 7.01. Servicer Termination Events
	  	32
	 Section 7.02. Appointment of Successor Servicer
	  	33
	 Section 7.03. Effect of Servicing Transfer
	  	34
	 Section 7.04. Notification to Noteholders and Rating Agencies
	  	35
	 Section 7.05. Waiver of Past Servicer Termination Events
	  	35
	 Section 7.06. Repayment of Advances
	  	35
	
	ARTICLE EIGHT
	
	TERMINATION
	 Section 8.01. Optional Purchase of All Receivables
	  	36
	
	ARTICLE NINE
	
	EXCHANGE ACT REPORTING
	 Section 9.01. Further Assurances
	  	37
	 Section 9.02. Form 10-D Filings
	  	37
	 Section 9.03. Form 8-K Filings
	  	37
	 Section 9.04. Form 10-K Filings
	  	37
	 Section 9.05. Report on Assessment of Compliance and Attestation
	  	38
	 Section 9.06. Back-up Sarbanes-Oxley Certification
	  	38
	 Section 9.07. Representations and Warranties
	  	39
	 Section 9.08. Indemnification
	  	39
	
	ARTICLE TEN
	
	MISCELLANEOUS
	 Section 10.01. Amendment
	  	41
	 Section 10.02. Protection of Title to Issuer
	  	42
	 Section 10.03. Notices
	  	44
	 Section 10.04. Assignment
	  	45
	 Section 10.05. Severability
	  	45
	 Section 10.06. Further Assurances
	  	45
	 Section 10.07. No Waiver; Cumulative Remedies
	  	45
	 Section 10.08. Successors and Assigns; Third-Party Beneficiaries
	  	45
	 Section 10.09. Actions by Securityholders
	  	45

  

 iii 

			
	 	  	Page
	 Section 10.10. Counterparts
	  	46
	 Section 10.11. Table of Contents and Headings
	  	46
	 Section 10.12. GOVERNING LAW
	  	46
	 Section 10.13. No Petition
	  	46
	 Section 10.14. No Recourse
	  	46
	 Section 10.15. Servicer Payment Obligation
	  	46
	
	SCHEDULES
		
	 Schedule A Location of Receivable Files
	  	SA-1
	 Schedule B Item 1119 Parties
	  	SB-1
	 Schedule C Part I – Servicing Criteria
	  	SC-1
	 Schedule D Performance Certification (Servicer)
	  	SD-1
	
	EXHIBITS
		
	 Exhibit A Representations and Warranties as to the Receivables
	  	A-1
	 Exhibit B Form of Investor Report
	  	B-1
	
	APPENDICES
		
	 Appendix A – Definitions
	  	AA-1

  

 iv 

 This SALE AND SERVICING AGREEMENT, dated as of October 1, 2009 (as amended, restated,
supplemented or otherwise modified from time to time, this “Agreement”), is among DAIMLER RETAIL RECEIVABLES LLC, a Delaware limited liability company (the “Depositor”), DCFS USA LLC, a Delaware limited liability
company (the “Seller”), DCFS USA LLC, a Delaware limited liability company (“DCFS USA”), as Servicer (in such capacity, the “Servicer”), and MERCEDES-BENZ AUTO RECEIVABLES TRUST 2009-1, a Delaware statutory trust,
as issuer (the “Issuer”). 
 WHEREAS, the Issuer desires to purchase from the Depositor a pool of receivables arising
in connection with motor vehicle installment sales contracts and installment loans (the “Receivables”) purchased or originated by the Seller in the ordinary course of its business and sold to the Depositor as of the Closing Date;

 WHEREAS, the Depositor is willing to sell the Receivables to the Issuer pursuant to the terms hereof; and 
 WHEREAS, the Servicer is willing to service the Receivables pursuant to the terms hereof. 
 NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows: 

ARTICLE ONE 
 DEFINITIONS 
 Section 1.01. Capitalized Terms; Rules of Usage. Capitalized terms used herein that are not
otherwise defined shall have the meanings ascribed thereto in Appendix A. Appendix A also contains rules as to usage applicable to this Agreement. 
  

 1 

 ARTICLE TWO 
 CONVEYANCE OF TRUST PROPERTY 
 Section 2.01. Conveyance of Trust
Property. 
 (a) In consideration of the Issuer’s delivery to or upon the order of the Depositor on the Closing Date of
authenticated Notes, in authorized denominations in an aggregate principal amount equal to the Initial Note Balance, and authenticated Certificates, the Depositor hereby irrevocably sells, transfers, assigns and otherwise conveys to the Issuer,
without recourse (subject to the obligations of the Depositor set forth herein), all right, title and interest of the Depositor, whether now owned or existing or hereafter acquired or arising, and wheresoever located, in, to and under the following:

 (i) the Receivables and all amounts due and collected on or in respect of the Receivables (including proceeds
of the repurchase of Receivables by the Seller pursuant to Section 2.05 or Section 8.01 or the purchase of Receivables by the Servicer pursuant to Section 3.08) after the Cutoff Date; 
 (ii) the security interests in the Financed Vehicles granted by the Obligors pursuant to the Receivables and any other
interest of the Depositor in such Financed Vehicles; 
 (iii) all proceeds from claims on any physical damage or
theft insurance policies and extended warranties covering such Financed Vehicles and any proceeds of any credit life or credit disability insurance policies relating to the Receivables, the related Financed Vehicles or the related Obligors;

 (iv) the Receivable Files that relate to the Receivables; 
 (v) any proceeds of Dealer Recourse that relate to the Receivables; 
 (vi) the Collection Account, the Note Payment Account, the Reserve Fund and all amounts, securities, Financial Assets,
investments and other property deposited in or credited to any of the foregoing and all proceeds thereof; 
 (vii) all rights of the Depositor, but none of the obligations, under the Receivables Purchase Agreement and First-Tier Assignment, including the right to require the Seller to repurchase Receivables from the Issuer; 
 (viii) the right to realize upon any property (including the right to receive future Net Liquidation Proceeds and Recoveries)
that shall have secured a Receivable and have been repossessed by or on behalf of the Issuer; and 
 (ix) all
present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing, and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing,
including all proceeds of the conversion thereof, voluntary or involuntary, into cash or

  

 2 

 
other liquid property, all accounts, accounts receivable, general intangibles, chattel paper, documents, money, investment property, deposit accounts, letters of credit, letter of credit rights,
insurance proceeds, condemnation awards, notes, drafts, acceptances, rights to payment of any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitutes all or part of, or is included
in, the proceeds of any of the foregoing. 
 (b) The Depositor and the Issuer intend that the transfer of Trust Property
contemplated by Section 2.01(a) constitute a sale of the Trust Property from the Depositor to the Issuer, conveying good title to the Trust Property free and clear of any Liens and, in the event of the filing of a bankruptcy petition by or
against the Depositor under any Insolvency Law, that the Trust Property shall not be part of the Depositor’s estate. However, in the event that any such transfer is deemed to be a pledge, the Depositor hereby grants to the Issuer a first
priority security interest in all of the Depositor’s right, title and interest in, to and under such Trust Property, and all proceeds thereof, to secure the payment of the Notes and accrued interest thereon and all other amounts owing under the
Basic Documents and in such event, this Agreement shall constitute a security agreement under Applicable Law. 
 (c) The sales,
transfers, assignments and conveyances of Trust Property made under this Section shall not constitute, and is not intended to result in, an assumption by the Issuer of any obligation of the Depositor or the Seller to the Obligors or any other Person
in connection with the Receivables and the other Trust Property or any obligation of the Depositor or the Seller under any agreement, document or instrument related thereto. 
 Section 2.02. Representations and Warranties of the Seller as to the Receivables. The Seller has made, under the Receivables
Purchase Agreement, each of the representations and warranties as to the Receivables set forth in Exhibit A. The Issuer shall be deemed to have relied on such representations and warranties in accepting the Receivables. The representations and
warranties set forth in Exhibit A speak as of the date of execution and delivery of this Agreement and as of the Closing Date, except to the extent otherwise provided, but shall survive the sale, transfer, assignment and conveyance of the
Receivables to the Issuer pursuant to this Agreement and the pledge of the Receivables to the Indenture Trustee pursuant to the Indenture. Pursuant to Section 2.01(a), the Depositor has sold, transferred, assigned and otherwise conveyed to the
Issuer, as part of the Trust Property, its rights under the Receivables Purchase Agreement, including its right to require the Seller to repurchase Receivables in accordance with the Receivables Purchase Agreement upon a breach of the
representations and warranties set forth in Exhibit A. 
 The Seller hereby agrees that the Issuer shall have the right to
enforce any and all rights of the Depositor under the Receivables Purchase Agreement assigned to the Issuer under this Agreement, including the right to require the Seller to repurchase Receivables in accordance with the Receivables Purchase
Agreement upon a breach of the representations and warranties set forth in Exhibit A, directly against the Seller as though the Issuer were a party to the Receivables Purchase Agreement and that the Issuer shall not be obligated to enforce any
such right indirectly through the Depositor. 
  

 3 

 Section 2.03. Representations and Warranties of the Depositor as to the
Receivables. The Depositor makes the following representations and warranties as to the Receivables on which the Issuer shall be deemed to have relied in accepting the Receivables. The representations and warranties speak as of the date of
execution and delivery of this Agreement and as of the Closing Date, except to the extent otherwise provided, but shall survive the sale, transfer, assignment and conveyance of the Receivables to the Issuer pursuant to this Agreement and the pledge
of the Receivables to the Indenture Trustee pursuant to the Indenture. 
 (a) Title. The Depositor has
purchased the Receivables from the Seller. The Depositor intends that the transfer of the Receivables contemplated by Section 2.01 constitute a sale of the Receivables from the Depositor to the Issuer and that the beneficial interest in, and
title to, the Receivables not be part of the Depositor’s estate in the event of the filing of a bankruptcy petition by or against the Depositor under any bankruptcy law. 
 (b) Security Interest Matters. The Depositor has caused or will cause prior to the Closing Date the filing of all
appropriate financing statements in the proper filing offices in the appropriate jurisdictions under Applicable Law necessary to perfect the security interest in the Receivables granted to the Issuer under this Agreement. The security interest of
the Seller in each Financed Vehicle has been validly assigned by the Depositor to the Issuer. 
 (c) Financing
Statements. All financing statements filed or to be filed against the Depositor in favor of the Indenture Trustee (as assignee of the Issuer) contain a statement substantially to the following effect: “A purchase of or security interest in
any collateral described in this financing statement will violate the rights of the Indenture Trustee”. 
 (d) No Transfer Restrictions. The Depositor has not created, incurred or suffered to exist any restriction on transferability of the Receivables except for the restrictions on transferability imposed by this Agreement. The transfer
of the Receivables and the Receivable Files by the Depositor to the Issuer pursuant to this Agreement is not subject to the bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction. 
 Section 2.04. Representations and Warranties as to Security Interests. The Depositor makes the following representations and
warranties as to the Receivables on which the Issuer shall be deemed to have relied in accepting the Receivables. The representations and warranties speak as of the date of execution and delivery of this Agreement and as of the Closing Date, except
to the extent otherwise provided, but shall survive the sale, transfer, assignment and conveyance of the Receivables to the Issuer pursuant to this Agreement and the pledge of the Receivables to the Indenture Trustee pursuant to the Indenture.

 (a) This Agreement creates a valid and continuing “security interest” (as defined in the applicable
UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Depositor. 
  

 4 

 (b) The Depositor has taken all steps necessary to perfect its security
interest against the Obligor in the Financed Vehicles. 
 (c) The Receivables constitute “tangible chattel
paper” within the meaning of the applicable UCC. 
 (d) The Depositor owns and has good and marketable title
to the Receivables free and clear of any Lien, claim or encumbrance of any Person. 
 (e) All original executed
copies of each loan agreement and installment sales contract that constitute or evidence the Receivables have been delivered to the Servicer, as custodian for the Issuer. 
 (f) The Depositor has received a written acknowledgment from the Servicer that the Servicer is holding the loan agreements
and installment sales contracts that constitute or evidence the Receivables solely on behalf and for the benefit of the Issuer. 
 (g) Other than the security interest granted to the Issuer pursuant to this Agreement and the Indenture, the Depositor has not pledged, assigned, sold, granted a security interest in, or otherwise
conveyed any of the Receivables. The Depositor has not authorized the filing of and is not aware of any financing statements against the Issuer that include a description of collateral covering the Receivables other than any financing statement
relating to the security interest granted to the Issuer hereunder or that has been terminated. The Depositor is not aware of any judgment or tax lien filings against the Depositor. 
 (h) None of the loan agreements or installment sales contracts that constitute or evidence the Receivables has any marks or
notations indicating that it has been pledged, assigned, or otherwise conveyed to any Person other than the Issuer. 
 Notwithstanding the foregoing, the representations and warranties set forth in this Section may not be waived. The representations and warranties set forth in this Section will survive the termination of this Agreement until the Indenture
has been discharged. 
 Section 2.05. Repurchase of Receivables Upon Breach. The Depositor, the
Seller, the Servicer or the Owner Trustee, as the case may be, shall inform the other parties to this Agreement and the Indenture Trustee promptly, in writing, upon the discovery of any breach or failure to be true of the representations and
warranties set forth in Exhibit A. If such breach or failure shall not have been cured by the close of business on the last day of the Collection Period which includes the 30th day after the date on which the Seller becomes aware of, or receives written notice from the Depositor, the Servicer
or the Owner Trustee of, such breach or failure, and such breach or failure materially and adversely affects the interest of the Issuer in a Receivable, the Seller shall repurchase such Receivable from the Issuer as of the close of business on the
last day of such Collection Period on the Deposit Date immediately following such Collection Period. In consideration of the repurchase of a Receivable hereunder, the Seller shall remit the Purchase Amount of such Receivable in the manner specified
in Section 4.07. The sole remedy of the Issuer, the Trustees and the Securityholders with respect to a breach or failure to be true of the representations and warranties set forth in Exhibit A shall be to require the Seller to 

 

 5 

 
repurchase Receivables pursuant to this Section and Section 3.03(c) of the Receivables Purchase Agreement. Neither Trustee shall have any duty to conduct an affirmative investigation as to
the occurrence of any condition requiring the repurchase of any Receivable pursuant to this Section or the eligibility of any Receivable for purposes of this Agreement. 
 Section 2.06. Custody of Receivable Files. 
 (a) To assure uniform
quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer as its agent, and the Servicer hereby accepts such appointment, to act as custodian, on behalf of the Issuer and the Indenture
Trustee, of the following documents or instruments which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust Property pursuant to the Indenture with respect to each Receivable (collectively, a “Receivable
File”): 
 (i) the fully executed original of the Receivable; 
 (ii) the original (or image of the original) credit application with respect to such Receivable fully executed by the related
Obligor or a photocopy thereof or a record thereof on a computer file or disc or on microfiche; 
 (iii) the
original certificate of title for the related Financed Vehicle (or evidence that such certificate of title has been applied for) or such other documents that the Seller or the Servicer shall keep on file, in accordance with its customary practices
and procedures, evidencing the security interest of the Seller in such Financed Vehicle; 
 (iv) documents
evidencing the commitment of the related Obligor to maintain physical damage insurance covering the related Financed Vehicle; and 
 (v) any and all other documents (including any computer file or disc or microfiche) that the Seller or the Servicer shall keep on file, in accordance with its customary practices and procedures, relating
to the Receivable, the related Obligor or the related Financed Vehicle. 
 (b) On the Closing Date, the Servicer shall deliver
an Officer’s Certificate to the Issuer and the Indenture Trustee confirming that the Servicer has received, on behalf of the Issuer and the Indenture Trustee, all the documents and instruments necessary for the Servicer to act as the agent of
the Issuer and the Indenture Trustee for the purposes set forth in this Section, including the documents referred to herein, and the Issuer and the Trustees are hereby authorized to rely on such Officer’s Certificate. 
 Section 2.07. Duties of Servicer as Custodian. 
 (a) Safekeeping. The Servicer, in its capacity as custodian, shall hold the Receivable Files for the benefit of the Issuer and the Indenture Trustee and maintain such accurate and complete
accounts, records and computer systems pertaining to each Receivable File as shall enable the Servicer and the Issuer to comply with this Agreement and the Indenture Trustee to comply with the Indenture. In performing its duties as custodian, the
Servicer shall act with reasonable care, using that degree of skill and attention that it exercises with respect to the files

  

 6 

 
of comparable motor vehicle installment sales contracts and installment loans that the Servicer services for itself or others. The Servicer shall conduct, or cause to be conducted, in accordance
with its customary practices and procedures, periodic examinations of the files of all receivables owned or serviced by it which shall include the Receivable Files held by it under this Agreement, and of the related accounts, records and computer
systems, in such a manner as shall enable the Issuer or the Indenture Trustee to verify the accuracy of the Servicer’s record keeping. The Servicer shall promptly report to the Trustees any failure on its part to hold the Receivable Files and
to maintain its accounts, records and computer systems as herein provided and promptly take appropriate action to remedy any such failure. Nothing herein shall be deemed to require an initial review or any periodic review of the Receivable Files by
the Issuer or the Trustees, and none of the Issuer or either Trustee shall be liable or responsible for any action or failure to act by the Servicer in its capacity as custodian hereunder. 
 (b) Maintenance of and Access to Records. The Servicer shall maintain each Receivable File at one of the locations specified in
Schedule A or at such other location as shall be specified to the Issuer and the Indenture Trustee by 30 days’ prior written notice. The Servicer may temporarily move individual Receivable Files or any portion thereof without notice
as necessary to conduct collection and other servicing activities in accordance with its customary practices and procedures. The Servicer shall make available to the Issuer and the Indenture Trustee or its duly authorized representatives, attorneys
or auditors a list of locations of the Receivable Files, the Receivable Files and the related accounts, records and computer systems maintained by the Servicer at such times during normal business hours as the Issuer and the Indenture Trustee shall
reasonably request. 
 (c) Release of Documents. As soon as practicable after receiving written instructions from the
Indenture Trustee, the Servicer shall release any document in the Receivable Files to the Indenture Trustee or its agent or designee, as the case may be, at such place or places as the Indenture Trustee may reasonably designate. The Servicer shall
not be responsible for any loss occasioned by the failure of the Indenture Trustee to return any document or any delay in so doing. 
 (d) Title to Receivables. The Servicer shall not at any time have, or in any way attempt to assert, any interest in any Receivable held by it as custodian hereunder or in the related Receivable File, other than for collecting or
enforcing such Receivable for the benefit of the Issuer. The entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Issuer. 
 Section 2.08. Instructions; Authority to Act. The Servicer shall be deemed to have received proper instructions with respect to
the Receivable Files upon its receipt of written instructions signed by a Responsible Officer of the Indenture Trustee. A certified copy of excerpts of authorizing resolutions of the board of directors of the Indenture Trustee shall constitute
conclusive evidence of the authority of any such Responsible Officer to act and shall be considered in full force and effect until receipt by the Servicer of written notice to the contrary given by the Indenture Trustee. 
 Section 2.09. Indemnification by Custodian. The Servicer, in its capacity as custodian of the Receivable Files, shall indemnify
and hold harmless the Issuer, the Trustees and each of their 
  

 7 

 
respective officers, directors, employees and agents from and against any and all Expenses that may be imposed on, incurred or asserted against the Issuer, the Trustees and each of their
respective officers, directors, employees and agents as the result of any improper act or omission in any way relating to the maintenance and custody of the Receivable Files by the Servicer, as custodian; provided, however, that the Servicer shall
not be liable for any portion of any such Expenses resulting from the willful misfeasance, bad faith or negligence of either Trustee. 
 Section 2.10. Effective Period and Termination. The Servicer’s appointment as custodian shall become effective as of the Cutoff Date and shall continue in full force and effect until terminated pursuant to this Section. If
the Servicer shall resign as Servicer under Section 6.05, or if all of the rights and obligations of the Servicer shall have been terminated under Section 7.01, the appointment of the Servicer as custodian hereunder may be terminated by
(i) the Issuer, with the consent of the Indenture Trustee, (ii) Holders of Notes evidencing not less than 25% of the Note Balance of the Controlling Class or, if the Notes have been paid in full, by Certificateholders evidencing not less
than 25% of the aggregate Certificate Percentage Interests then outstanding or (iii) the Indenture Trustee, with the consent of Holders of Notes evidencing not less than 25% of the Note Balance of the Controlling Class, in each case by notice
then given in writing to the Depositor and the Servicer (with a copy to the Trustees if given by the Noteholders or the Certificateholders). As soon as practicable after any termination of such appointment, the Servicer shall deliver, or cause to be
delivered, the Receivable Files and the related accounts and records maintained by the Servicer to the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s designee, as the case may be, at such place as the Indenture
Trustee may reasonably designate or, if the Notes have been paid in full, at such place as the Owner Trustee may reasonably designate. 
  

 8 

 ARTICLE THREE 
 ADMINISTRATION AND SERVICING OF THE TRUST PROPERTY 
 Section 3.01. Duties
of Servicer. The Servicer, acting alone or through one or more subservicers to the extent permitted hereunder, for the benefit of the Issuer, shall manage, service, administer and make collections on the Receivables with reasonable care but in
no event less than the care that the Servicer exercises with respect to all comparable motor vehicle installment sales contracts and installment loans that it services for itself or others. The Servicer’s duties shall include collection and
posting of all payments, responding to inquiries of Obligors or by Governmental Authorities with respect to the Receivables, investigating delinquencies, sending payment coupons to Obligors, reporting tax information to Obligors in accordance with
its customary practices, policing the collateral, accounting for collections and furnishing monthly and annual statements to the Trustees with respect to distributions, providing collection and repossession services in the event of an Obligor
default, generating federal income tax information and performing the other duties specified herein. The Servicer shall have full power and authority to do any and all things in connection with such managing, servicing, administration and collection
that it may deem necessary or desirable, it being understood, however, that the Servicer shall at all times remain responsible to the Issuer and the Indenture Trustee for the performance of its duties and obligations hereunder. Subject to the
foregoing and to Section 3.02, the Servicer shall follow its customary standards, policies, practices and procedures in performing its duties hereunder as Servicer. Without limiting the generality of the foregoing, the Servicer shall be
authorized and empowered to execute and deliver, on behalf of itself, the Depositor, the Issuer, the Trustees, the Securityholders or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge
and all other comparable instruments, with respect to the Receivables and the Financed Vehicles. 
 The Servicer is hereby
authorized to commence, in its own name or in the name of the Issuer, a Proceeding to enforce a Receivable pursuant to Section 3.04 or to commence or participate in a Proceeding (including a bankruptcy Proceeding) relating to or involving a
Receivable, including a Defaulted Receivable. If the Servicer commences or participates in such a Proceeding in its own name, the Issuer shall thereupon be deemed to have automatically assigned, solely for the purpose of collection on behalf of the
party retaining an interest in such Receivable, such Receivable and the other property conveyed to the Issuer pursuant to Section 2.01 with respect to such Receivable to the Servicer for purposes of commencing or participating in any such
Proceeding as a party or claimant, and the Servicer is authorized and empowered by the Issuer to execute and deliver in the Servicer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in
connection with any such Proceeding. If in any enforcement suit or Proceeding it shall be held that the Servicer may not enforce a Receivable on the grounds that it shall not be a real party in interest or a holder entitled to enforce such
Receivable, the Owner Trustee shall, at the Servicer’s expense and written direction, take steps to enforce such Receivable, including bringing suit in the Servicer’s or the Issuer’s name or the name of the Owner Trustee, the
Indenture Trustee, the Noteholders, the Certificateholders or any of them. 
 The Owner Trustee, on behalf of the Issuer, shall
furnish the Servicer with any powers of attorney and other documents and take any other steps which the Servicer may deem necessary

  

 9 

 
or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder. The Servicer, at its expense, shall obtain on behalf of the Issuer or the Owner Trustee all
licenses, if any, required by the laws of any jurisdiction to be held by the Issuer or the Owner Trustee in connection with ownership of the Receivables and shall make all filings and pay all fees as may be required in connection therewith during
the term of this Agreement. The Servicer shall, or shall cause the Administrator to, prepare, execute and deliver all certificates or other documents required to be delivered by the Issuer pursuant to the Sarbanes-Oxley Act of 2002 or the rules and
regulations promulgated thereunder. 
 Section 3.02. Delegation of Duties; Subservicers. 
 (a) So long as DCFS USA is the Servicer, the Servicer may without notice or consent delegate (i) any or all of its duties under this
Agreement to any Affiliate of DCFS USA or (ii) specific duties to sub-contractors who are in the business of performing such duties. 
 (b) The Servicer may enter into subservicing or sub-contracting agreements in accordance with Section 3.02(a) with one or more subservicers for the servicing and administration of any or all of the
Receivables. References in this Agreement or any subservicing or sub-contracting agreement to actions taken, or to be taken, permitted to be taken or restrictions on actions permitted to be taken, by the Servicer in servicing the Receivables shall
include actions taken, or to be taken, permitted to be taken or restrictions on actions permitted to be taken, by a subservicer on behalf of the Servicer. Each subservicing or sub-contracting agreement will be upon such terms and conditions as are
not inconsistent with this Agreement and the standard of care set forth herein and as the Servicer and the related subservicer have agreed. All compensation payable to a subservicer under a subservicing or sub-contracting agreement shall be payable
by the Servicer from its servicing compensation or otherwise from its own funds. 
 (c) Notwithstanding any subservicing or
sub-contracting agreement or any of the provisions of this Agreement relating to agreements or any arrangements between the Servicer or a subservicer or any reference to actions taken through such entities or otherwise, the Servicer shall remain
obligated and liable for the servicing and administering of the Receivables in accordance with this Agreement without diminution of such obligation or liability by virtue of such subservicing or sub-contracting agreements. 
 (d) Any subservicing or sub-contracting agreement that may be entered into and any other transactions or servicing arrangements relating to
or involving a subservicer shall be deemed to be between the subservicer and the Servicer alone, and the other parties hereto and the Administrator shall not be deemed parties thereto and shall have no obligations, duties or liabilities with respect
to the subservicer. 
 Section 3.03. Collection of Receivable Payments; Modification of Receivables. The Servicer
shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due and otherwise act with respect to the Receivables and the other Trust Property in such manner as
will, in the reasonable judgment of the Servicer, maximize the amount to be received by the Issuer with respect thereto and in accordance with the standard of care required by Section 3.01. The Servicer shall allocate 
  

 10 

 
collections on or in respect of the Receivables between principal and interest in accordance with the Simple Interest Method and the customary servicing practices and procedures it follows with
respect to all comparable motor vehicle installment sales contracts and installment loans that it services for itself or others. The Servicer shall not increase or decrease the number or amount of any Monthly Payment, the Amount Financed under any
Receivable or the APR of any Receivable, or extend, rewrite or otherwise modify the payment terms of any Receivable; provided, however, that the Servicer may extend the due date for one or more payments due on any Receivable for credit-related
reasons that would be acceptable to the Servicer with respect to comparable motor vehicle installment sales contracts and installment loans that it services for itself or others and in accordance with its customary standards, policies, practices and
procedures if the cumulative extensions with respect to any Receivable shall not cause the term of such Receivable to extend beyond the last day of the Collection Period immediately preceding the Class A-4 Final Scheduled Distribution Date. If
the Servicer fails to comply with the provisions of the preceding sentence, the Servicer shall be required to purchase each Receivable affected thereby for the related Purchase Amount, in the manner specified in Section 3.08, as of the close of
business on the last day of the Collection Period that includes the 30th day after the Servicer becomes aware of such failure, on the Deposit Date immediately following such Collection Period. The Servicer may, in its discretion (but only in accordance with its customary
standards, policies, practices and procedures), waive any late payment charge or any other fee that may be collected in the ordinary course of servicing a Receivable. In addition, in the event that any such extension of a Receivable modifies the
terms of such Receivable in such a manner as to constitute a cancellation of such Receivable and the creation of a new motor vehicle receivable that results in a deemed exchange thereof within the meaning of Section 1001 of the Code, the
Servicer shall purchase such Receivable pursuant to Section 3.08, and the Receivable created shall not be included in the Trust Property. 
 Section 3.04. Realization Upon Receivables. 
 (a) The Servicer shall
use commercially reasonable efforts on behalf of the Issuer, in accordance with the standard of care required under Section 3.01, to repossess or otherwise convert the ownership of each Financed Vehicle securing a Defaulted Receivable. In
taking such action, the Servicer shall follow such customary and usual practices and procedures as it shall deem necessary or advisable in its servicing of comparable motor vehicle installment sales contracts and installment loans, and as are
otherwise consistent with the standard of care required under Section 3.01. The Servicer shall be entitled to recover all reasonable expenses incurred by it with respect to realizing on a Defaulted Receivable, including such expenses incurred
in the course of repossessing and liquidating a Financed Vehicle into cash proceeds. The foregoing is subject to the proviso that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in
connection with any repair or towards the repossession of such Financed Vehicle unless it shall determine in its discretion that such repair or repossession shall increase the Net Liquidation Proceeds or Recoveries of the related Receivable.

 (b) If the Servicer elects to commence a Proceeding to enforce a Dealer Agreement, the act of commencement shall be deemed to
be an automatic assignment from the Issuer to the Servicer of the rights of recourse under such Dealer Agreement. If, however, in any Proceeding, it is held that the Servicer may not enforce a Dealer Agreement on the grounds that it is not a real

  

 11 

 
party in interest or a Person entitled to enforce the Dealer Agreement, the Owner Trustee, at the Servicer’s expense and direction, shall take such steps as the Servicer deems necessary to
enforce the Dealer Agreement, including bringing suit in its name or the names of the Indenture Trustee, the Securityholders or any of them. 
 Section 3.05. Maintenance of Physical Damage Insurance Policies. The Servicer shall follow its customary practices and procedures to determine whether or not each Obligor shall have maintained
physical damage insurance covering the related Financed Vehicle. Each Receivable shall provide that the failure by the Obligor to obtain and maintain the required insurance is a default thereunder. The Servicer shall not obtain force-placed
insurance in respect of the Receivables. 
 Section 3.06. Maintenance of Security Interests in Financed Vehicles.
The Servicer shall take such steps, in accordance with the standard of care required under Section 3.01, as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Issuer
hereby authorizes the Servicer, and the Servicer hereby agrees, to take such steps as are necessary to re-perfect such security interest on behalf of the Issuer and the Indenture Trustee in the event the Servicer receives notice of, or otherwise has
actual knowledge of, the fact that such security interest is not perfected as a result of the relocation of a Financed Vehicle or for any other reason. In the event that the assignment of a Receivable to the Issuer is insufficient, without a
notation on the related Financed Vehicle’s certificate of title, to grant to the Issuer a first priority perfected security interest in the related Financed Vehicle, the Servicer hereby agrees to serve as the agent of the Issuer for the purpose
of perfecting the security interest of the Issuer in such Financed Vehicle and agrees that the Servicer’s listing as the secured party on the certificate of title is solely in its capacity as agent of the Issuer. The Servicer shall not release,
in whole or in part, any security interest in a Financed Vehicle created by the related Receivable except as permitted herein or in accordance with its customary standards, policies, practices and procedures. 
 Section 3.07. Covenants of Servicer. The Servicer makes the following covenants: 
 (a) Liens in Force. Except upon the payment in full of a Receivable or as otherwise contemplated by this Agreement or
Applicable Law, the Servicer shall not release in whole or in part any Financed Vehicle from the security interest securing the related Receivable. 
 (b) No Impairment. The Servicer shall not impair in any material respect the rights of the Depositor, the Issuer, the Trustees or the Securityholders in the Receivables or, except as permitted
under Section 3.03, otherwise amend or alter the terms of the Receivables and as a result of such amendment or modification or alteration, the interests of the Depositor, the Issuer, the Trustees or the Securityholder would be materially
adversely affected. 
 (c) Schedule of Receivables to Indenture Trustee. The Servicer shall on or before
the Closing Date (and, at any time thereafter, upon the request of the Indenture Trustee) deliver to the Indenture Trustee a copy of the Schedule of Receivables. 
  

 12 

 Section 3.08. Purchase of Receivables Upon Breach. The
Depositor, the Seller, the Servicer or the Owner Trustee, as the case may be, shall inform the other parties to this Agreement and the Indenture Trustee promptly, in writing, upon the discovery of any breach of Section 3.03, 3.06 or 3.07. If
such breach shall not have been cured by the close of business on the last day of the Collection Period which includes the 30th day after the date on which the Servicer becomes aware of, or receives written notice from the Depositor, the Seller
or the Owner Trustee of, such breach, and such breach materially and adversely affects the interest of the Issuer in a Receivable, the Servicer shall purchase such Receivable from the Issuer, as of the close of business on the last day of the
related Collection Period, by remitting the Purchase Amount of such Receivable to the Collection Account in the manner specified in Section 4.07, on the related Deposit Date. The sole remedy of the Issuer, the Trustees and the Securityholders
with respect to a breach of Section 3.03, 3.06 or 3.07 shall be to require the Servicer to purchase Receivables pursuant to this Section. Neither Trustee shall have any duty to conduct an affirmative investigation as to the occurrence of any
condition requiring the purchase of any Receivable pursuant to this Section. 
 Section 3.09. Servicing Compensation;
Payment of Certain Expenses by Servicer. The Servicer shall receive the Monthly Servicing Fee for servicing the Receivables. As additional servicing compensation, the Servicer shall be entitled to receive or retain the Supplemental Servicing
Fee. The Servicer shall pay all expenses incurred by it in connection with the activities under this Agreement (including the Independent accountants and any subservicer, taxes imposed on the Servicer, expenses incurred in connection with
distributions and reports to Securityholders and all other fees and expenses not expressly stated under this Agreement to be for the account of the Securityholders), except expenses incurred in realizing upon Receivables under Section 3.04.

 Section 3.10. Investor Report. On or before each Determination Date, the Servicer shall deliver to the Depositor,
the Seller and the Trustees, an Investor Report containing all information necessary to make the transfers and distributions required by Sections 4.01, 4.02, 4.06 and 4.07 in respect of the related Collection Period and the related Distribution Date
and all information necessary for the Trustees, as applicable, to send (or provide access to via the internet) statements to Securityholders pursuant to Section 6.06 of the Indenture and Section 5.01(b) of the Trust Agreement. The Servicer
shall also specify to the Trustees, no later than the Determination Date following the last day of a Collection Period as of which the Seller shall separately identify (by account number), in a written notice to the Depositor and the Trustees, the
Receivables to be repurchased by the Seller or purchased by the Servicer, as the case may be, on the related Deposit Date. 
 Section 3.11. Annual Statement as to Compliance; Notice of Servicer Termination Events. 
 (a) The Servicer
shall deliver to the Depositor, the Trustees and the Rating Agencies, within 90 days of the end of each calendar year, an Officer’s Certificate of the Servicer, stating that (i) a review of the activities of the Servicer during the
preceding 12-month period ended December 31 (or, if applicable, such shorter period as shall have elapsed since the Closing Date in the case of the first such Officer’s Certificate) and of its performance under this Agreement has been made
under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement in all material respects throughout such period, or, if there
has been a failure to fulfill any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. 
  

 13 

 (b) The Servicer shall deliver to the Depositor and the Trustees, promptly after having
obtained knowledge thereof, but in no event later than five Business Days thereafter, an Officer’s Certificate specifying any event which constitutes or, with the giving of notice or lapse of time, or both, would become, a Servicer Termination
Event. 
 (c) The Servicer shall execute (provided the Servicer is not an Affiliate of the Depositor) a reliance certificate to
enable the Certification Parties to rely upon each (i) annual report on assessments of compliance with servicing criteria provided pursuant to Section 3.11 and (ii) accountant’s report provided pursuant to Section 3.12 and
shall include a certification that each such annual compliance statement or report discloses any deficiencies or defaults described to the registered public accountants of such Person to enable such accountants to render the certificates provided
for in Section 3.12. 
 Section 3.12. Annual Accountants’ Report. 
 (a) The Servicer shall cause a firm of independent certified public accountants (who may also render other services to the Servicer or to
the Depositor or their respective Affiliates) to deliver to the Depositor and, if required or requested, to the Trustees within 90 days of the end of each calendar year, a report with respect to the preceding 12-month period ended December 31
(or, if applicable, such shorter period as shall have elapsed since the Closing Date in the case of the first such report) or other report to the effect that such accountants have examined, on a test basis, evidence of the Servicer’s compliance
with the covenants and conditions set forth in this Agreement. The report will express an opinion on the Servicer’s assertion that the Servicer complied in all material respects with the aforementioned covenants and conditions is fairly stated,
in all material respects or the reason why such an opinion cannot be expressed. Such report shall also indicate that the firm is Independent with respect to the Depositor and the Servicer within the meaning of the Code of Professional Ethics of the
American Institute of Certified Public Accountants. 
 (b) Notwithstanding Section 3.12(a), within 90 days of the end of
each calendar year, the Servicer shall deliver the report and attestation set forth in Sections 3.12(c) and (d) and the delivery of a copy of such report and attestation to the Depositor and the Trustees shall be deemed to satisfy the
provisions of this Section. 
 (c) As and when required pursuant to Section 3.12(b), the Servicer will deliver to the
Depositor and the Trustees a report regarding the Servicer’s assessment of compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB during the immediately preceding calendar year (or, if applicable, such shorter
period as shall have elapsed since the Closing Date in the case of the first such report), in accordance with paragraph (b) of Rule 13a-18 and Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. Such report shall be
signed by an authorized officer of the Servicer and shall at a minimum address each of the servicing criteria specified in Part I of Schedule C hereto. 
  

 14 

 (d) The Servicer shall cause a firm of nationally recognized Independent public accountants
to furnish to the Depositor and the Trustees, concurrently with the report delivered pursuant to Section 3.12(c), an attestation report providing its assessment of compliance with the servicing criteria covered in such report during the
preceding fiscal year, including disclosure of any material instance of non-compliance, as required by Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122(b) of Regulation AB. Any such attestation report shall be in
accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act, stating, among other things, that the Servicer’s assertion of compliance with the specified servicing criteria is fairly stated in all
material respects, or the reason why such an opinion cannot be expressed. Such report must be available for general use and not contain restricted use language. 
 Section 3.13. Access to Certain Documentation and Information Regarding Receivables. Subject to Section 2.07(b), the Servicer shall provide the Depositor and the Trustees with access to
the Receivables Files in the cases where the related Trustee or the Securityholders are required by Applicable Law to have access to such documentation. Such access shall be afforded without charge but only upon reasonable request and during normal
business hours which does not unreasonably interfere with the normal operations or customer or employee relations of the Servicer, at the offices of the Servicer. Nothing in this Section shall affect the obligation of the Servicer to observe any
Applicable Law prohibiting disclosure of information regarding the Obligors, and the failure of the Servicer to provide access to information as a result of such obligation shall not constitute a breach of this Section. 
 Section 3.14. Reports to the Commission. The Servicer shall, on behalf of the Issuer, cause to be filed with the Commission any
periodic reports required to be filed under the provisions of the Exchange Act, and the rules and regulations of the Commission thereunder. The Depositor shall, at its expense, cooperate in any reasonable request made by the Servicer in connection
with such filings. 
 Section 3.15. Reports to Rating Agencies. The Servicer shall deliver to each Rating Agency, at
such address as such Rating Agency may request, to the extent it is available to the Servicer, a copy of all reports or notices furnished or delivered pursuant to this Article and a copy of any amendments, supplements or modifications to this
Agreement and any other information reasonably requested by such Rating Agency. 
  

 15 

 ARTICLE FOUR 
 DISTRIBUTIONS; RESERVE FUND; 
 STATEMENTS TO SECURITYHOLDERS 
 Section 4.01. Establishment of Accounts. 
 (a) DCFS USA (as Servicer hereunder) shall establish the following Accounts, on or before the Closing Date, and maintain each as an Eligible Deposit Account in the name of the Indenture Trustee, at an
Eligible Institution (which shall initially be the Indenture Trustee) for the benefit of: 
 (i) the
Securityholders, designated as the “Mercedes-Benz Auto Receivables Trust 2009-1 Collection Account, U.S. Bank National Association, Indenture Trustee” (the “Collection Account”); 
 (ii) the Noteholders, designated as the “Mercedes-Benz Auto Receivables Trust 2009-1 Note Payment Account, U.S. Bank
National Association, Indenture Trustee” (the “Note Payment Account”); and 
 (iii) the
Noteholders, designated as the “Mercedes-Benz Auto Receivables Trust 2009-1 Reserve Fund, U.S. Bank National Association, Indenture Trustee” (the “Reserve Fund”); 
 in each case bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the related Persons. The Accounts shall be under the control of the Indenture
Trustee; provided, however, that the Servicer may direct the Indenture Trustee in writing to make (or cause to be made) deposits to and withdrawals from the applicable Accounts in accordance with this Agreement and the other Basic Documents. All
monies deposited from time to time in the Accounts shall be held by, or in the name of, the Indenture Trustee as part of the Trust Property, and all deposits to and withdrawals therefrom shall be made only upon the terms and conditions of the Basic
Documents. Amounts on deposit in each Account shall, to the extent permitted by Applicable Law, be invested, as directed in writing by the Servicer, by the Eligible Institution then maintaining such Account in Eligible Investments. 
 (b) The Issuer and the Servicer agree that each Eligible Institution, with which an Account is established, will agree substantially as
follows: 
 (i) it will comply with Entitlement Orders related to such account issued by the Indenture Trustee,
without further consent by the Servicer; 
 (ii) until termination of this Agreement, it will not enter into any
other agreement related to such Account pursuant to which it agrees to comply with Entitlement Orders of any Person other than the Indenture Trustee; 
 (iii) all Account Collateral delivered or credited to it in connection with such account and all proceeds thereof will be promptly credited to such Account; 
  

 16 

 (iv) it will treat all Account Collateral as Financial Assets; and

 (v) all Account Collateral will be physically delivered (accompanied by any required endorsements) to, or
credited to an account in the name of, the Eligible Institution maintaining the related Account in accordance with such Eligible Institution’s customary procedures such that such Eligible Institution establishes a Security Entitlement in favor
of the Indenture Trustee with respect thereto over which the Indenture Trustee has Control. 
 (c) If the sum of the amounts on
deposit in the Collection Account related to such Collection Period and the Reserve Fund on any Distribution Date equals or exceeds the Note Balance, all accrued and unpaid interest thereon and all amounts due to the Servicer and the Trustees, all
such amounts on deposit will be applied up to the amounts necessary to retire the Notes and pay such amounts due. 
 Section 4.02. Reserve Fund. 
 (a) On the Closing Date, the Depositor shall deposit the Reserve Fund
Deposit into the Reserve Fund from the net proceeds of the sale of the Class A Notes. The Reserve Fund Property has been conveyed by the Depositor to the Issuer pursuant to Section 2.01(a). Pursuant to the Indenture, the Issuer will pledge
all of its right, title and interest in, to and under the Reserve Fund and the Reserve Fund Property to the Indenture Trustee on behalf of the Noteholders to secure its obligations under the Notes and the Indenture. 
 (b) If the Reserve Fund is no longer to be maintained at the Indenture Trustee, the Servicer shall, with DCFS USA’s and the Indenture
Trustee’s prior approval (not to be unreasonably withheld) and assistance as necessary, promptly (and in any case within ten Business Days) cause the Reserve Fund to be moved to another Eligible Institution. The Servicer shall promptly notify
the Rating Agencies and the Trustees in writing of any change in the account number or location of the Reserve Fund. 
 (c) On
each Distribution Date, the Indenture Trustee will deposit, or cause to be deposited, in the Reserve Fund, from amounts collected on or in respect of the Receivables during the related Collection Period and not used on that Distribution Date to pay
the Required Payment Amount, the amount, if any, by which the Reserve Fund Required Amount for that Distribution Date exceeds the amount on deposit in the Reserve Fund on that Distribution Date, after giving effect to all required withdrawals from
the Reserve Fund on that Distribution Date. 
 (d) On each Determination Date, the Servicer will determine the Reserve Fund Draw
Amount, if any, for the related Distribution Date. If the Reserve Fund Draw Amount for any Distribution Date is greater than zero, the Indenture Trustee will withdraw, or cause to be withdrawn, from the Reserve Fund, an amount equal to the lesser of
the amount on deposit in the Reserve Fund and the Reserve Fund Draw Amount, and transfer the amount withdrawn to the Collection Account on the Deposit Date. 
 (e) If the Reserve Fund Amount for any Distribution Date (after giving effect to the withdrawal of the Reserve Fund Draw Amount for such Distribution Date and the distribution described in the preceding
sentence) exceeds the Reserve Fund Required Amount for such

  

 17 

 
Distribution Date, the Servicer shall instruct the Indenture Trustee in writing to distribute or cause to be distributed on the related Deposit Date, the amount of such excess to the Collection
Account for payment to the Certificateholders on such Distribution Date. Any amount paid to the Certificateholders will no longer constitute a portion of the Trust Property and the Indenture Trustee and the Issuer hereby release, on each
Distribution Date, their security interest in, to and under Reserve Fund Property distributed to the Certificateholders. Notwithstanding the foregoing, investment income for each Collection Period (net of losses and expenses) on amounts on deposit
in the Reserve Fund shall constitute Available Collections. 
 (f) If the Note Balance and all other amounts owing or to be
distributed hereunder or under the Indenture to the Noteholders, the Trustees, the Servicer have been paid in full and the Issuer has been terminated, any remaining Reserve Fund Property shall be distributed to the Certificateholders. 
 Section 4.03. Monthly Remittance Condition. 
 (a) For so long as the Monthly Remittance Condition is not met, the Servicer shall remit all amounts received on or in respect of the Receivables during any Collection Period to the Collection Account in
immediately available funds no later than two Business Days after receipt and identification. 
 (b) The Servicer shall remit to
the Collection Account on or prior to the Closing Date all amounts received and identified by the Servicer on or in respect of the Receivables (including Net Liquidation Proceeds and all amounts received by the Servicer in connection with the
repossession and sale of a Financed Vehicle (whether or not the related Receivable has been classified as a Defaulted Receivable)) during the period from but excluding the Cutoff Date to and including the second Business Day preceding the Closing
Date. For so long as the Monthly Remittance Condition is met, the Servicer may remit all amounts received on or in respect of the Receivables during any Collection Period to the Collection Account in immediately available funds on or prior to the
related Deposit Date. 
 (c) The Depositor and the Servicer may make any remittances pursuant to this Article with respect to a
Collection Period net of distributions or reimbursements to be made to or by the Depositor or the Servicer with respect to such Collection Period; provided, however, that such obligations shall remain separate obligations, no party shall have a
right of offset, and each such party shall account for all of the above described remittances and distributions as if the amounts were deposited or transferred separately. 
 Section 4.04. Collections. Subject to Sections 4.03, 4.06 and 4.07(a), the Servicer shall remit to the Collection Account all
amounts received by the Servicer on or in respect of the Receivables (including Net Liquidation Proceeds and all amounts received by the Servicer in connection with the repossession and sale of a Financed Vehicle (whether or not the related
Receivable has been classified as a Defaulted Receivable) but excluding payments with respect to Purchased Receivables) as soon as practicable and in no event after the close of business on the second Business Day after such amounts have been
received and identified. 
  

 18 

 Section 4.05. Application of Collections. For purposes of this Agreement, all
amounts received on or in respect of a Receivable during any Collection Period (including Net Liquidation Proceeds and all amounts received by the Servicer in connection with the repossession and sale of a Financed Vehicle (whether or not the
related Receivable has been classified as a Defaulted Receivable) but excluding payments with respect to Purchased Receivables) shall be applied by the Servicer to interest and principal on such Receivable in accordance with the Simple Interest
Method. 
 Section 4.06. Advances. 
 (a) If, as of the end of any Collection Period, the payments received during such Collection Period by or on behalf of an Obligor in respect of a Receivable (other than a Purchased Receivable) shall be
less than the related Monthly Payment, whether as a result of any extension granted to the Obligor or otherwise, then, at the option of the Servicer, an amount equal to the product of the Principal Balance of such Receivable as of the first day of
the related Collection Period and one-twelfth of its APR minus the amount of interest actually received on such Receivable during such Collection Period (each, an “Advance”) may be deposited by the Servicer into the Collection Account on
the related Deposit Date. If such a calculation in respect of a Receivable results in a negative number, an amount equal to such negative amount shall be paid to the Servicer in reimbursement of any outstanding Advances. In addition, in the event
that a Receivable becomes a Defaulted Receivable, the amount of accrued and unpaid interest thereon (but not including interest for the current Collection Period) shall, up to the amount of outstanding Advances, be withdrawn from the Collection
Account and paid to the Servicer in reimbursement of such outstanding Advances. No Advances will be made with respect to the Principal Balance of Receivables. The Servicer shall not be required to make an Advance to the extent that the Servicer, in
its sole discretion, shall determine that such Advance is likely to become a Nonrecoverable Advance. 
 (b) Notwithstanding the
provisions of Section 4.06(a), the Servicer shall be entitled to reimbursement for an outstanding Advance made in respect of a Receivable, without interest, from the following sources with respect to such Receivable: (i) subsequent
payments made by or on behalf of the related Obligor, (ii) Net Liquidation Proceeds and Recoveries and (iii) the Purchase Amount. If the Servicer determines that it has made a Nonrecoverable Advance, the Servicer shall reimburse itself,
without interest, from unrelated amounts received by the Servicer on or in respect of the Receivables (including Net Liquidation Proceeds and all amounts received by the Servicer in connection with the repossession and sale of a Financed Vehicle
(whether or not the related Receivable has been classified as a Defaulted Receivable)) to the extent it shall, concurrently with the withholding of any such amounts from deposit in or credit to the Collection Account, furnish to the Trustees a
certificate of a Servicing Officer setting forth the basis for the Servicer’s determination, the amount of, and Receivable with respect to which, such Nonrecoverable Advance was made and the installment or installments or other proceeds
respecting which such reimbursement has been taken. 
 Section 4.07. Additional Deposits. 
 (a) The following additional deposits shall be made: (i) the Seller shall remit to the Collection Account the aggregate Purchase
Amount with respect to Purchased Receivables

  

 19 

 
pursuant to Section 2.05 hereof or pursuant to Section 3.03(c) of the Receivables Purchase Agreement, (ii) the Servicer shall remit or cause to be remitted to the Collection
Account (A) the aggregate Purchase Amount with respect to Purchased Receivables pursuant to Section 3.03 or Section 3.08 and (B) the amount required upon the optional purchase of all Receivables by the Servicer pursuant to
Section 8.01 and (iii) the Indenture Trustee shall remit or shall cause to be remitted, pursuant to Section 4.02, the Reserve Fund Draw Amount to the Collection Account. 
 (b) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Servicer may be made in the form of a
single deposit and shall be made in immediately available funds, no later than 5:00 p.m., New York City time, on the related Deposit Date. 
 Section 4.08. Determination Date Calculations; Application of Available Funds. 
 (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Distribution Date and Collection Period: 
 (i) the Available Collections; 
 (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); 
 (iii) if not previously paid, the Total Trustee Fees; 
 (iv) the
Interest Distributable Amount for each Class of Class A Notes; 
 (v) the Priority Principal Distributable
Amount; 
 (vi) the Regular Principal Distributable Amount; and 
 (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”);
provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not
exceed $100,000 in any given calendar year. 
 On each Determination Date, the Servicer shall calculate the Reserve Fund Amount,
the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the
Reserve Fund Draw Amount for such Distribution Date). 
 (b) On each Determination Date, the Servicer shall instruct the
Indenture Trustee to apply (or cause to be applied) on the related Distribution Date, the Available Funds for such Distribution Date to make the related payments and deposits set forth in Section 2.08 of the Indenture. 
  

 20 

 Section 4.09. Statements to Securityholders. Within the prescribed period of
time for tax reporting purposes after the end of each calendar year during the term of the Issuer, but not later than the latest date permitted by law, the Servicer shall cause each Trustee to mail to each Person who at any time during such calendar
year shall have been a Securityholder, a statement, prepared by the Servicer, containing certain information for such calendar year or, in the event such Person shall have been a Securityholder during a portion of such calendar year, for the
applicable portion of such year, for the purposes of such Securityholder’s preparation of federal income tax returns. In addition, the Servicer shall furnish to the Trustees for distribution to such Person at such time any other information
necessary under Applicable Law for the preparation of such income tax returns. 
  

 21 

 ARTICLE FIVE 
 THE DEPOSITOR 
 Section 5.01. Representations and Warranties of
Depositor. The Depositor makes the following representations and warranties on which the Issuer is deemed to have relied in acquiring the Trust Property. The representations and warranties speak as of the date of execution and delivery of this
Agreement and as of the Closing Date, and shall survive the sale, transfer, assignment and conveyance of the Trust Property to the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture. 
 (a) Organization and Good Standing. The Depositor has been duly organized and is validly existing as a limited
liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all
relevant times, and has, power, authority and legal right to acquire, own and sell the Receivables. 
 (b) Due
Qualification. The Depositor is duly qualified to do business as a foreign limited liability company in good standing and has obtained all necessary licenses and approvals in each jurisdiction in which the failure to so qualify or to obtain such
licenses and approvals would, in the reasonable judgment of the Depositor, materially and adversely affect the performance by the Depositor of its obligations under, or the validity or enforceability of, the Depositor Basic Documents, the
Receivables or the Securities. 
 (c) Power and Authority. The Depositor has the power and authority to
execute, deliver and perform its obligations under the Depositor Basic Documents. The Depositor has the power and authority to sell, assign, transfer and convey the property to be transferred to and deposited with the Issuer and has duly authorized
such sale, assignment, transfer and conveyance by all necessary limited liability company action; and the execution, delivery and performance of this Agreement and each other Depositor Basic Document has been duly authorized by the Depositor by all
necessary limited liability company action. 
 (d) Valid Sale; Binding Obligation. This Agreement effects
a valid sale, transfer, assignment and conveyance to the Issuer of the Receivables and the other Trust Property, enforceable against all creditors of and purchasers from the Depositor. Each Depositor Basic Document constitutes a legal, valid and
binding obligation of the Depositor enforceable against the Depositor in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, fraudulent
transfer or other similar laws affecting the enforcement of creditors’ rights in general, and by general principles of equity, regardless of whether considered in a Proceeding in equity or at law. 
 (e) No Violation. The execution, delivery and performance by the Depositor of the Depositor Basic Documents and the
consummation of the transactions

  

 22 

 
contemplated hereby and thereby and the fulfillment of the terms hereof and thereof does not conflict with, result in any breach of any of the terms and provisions of, nor constitute (with or
without notice or lapse of time, or both) a default under, the certificate of formation or limited liability company agreement of the Depositor, or conflict with or violate any of the material terms or provisions of, or constitute (with or without
notice or lapse of time, or both) a default under, any indenture, agreement or other instrument to which the Depositor is a party or by which it shall be bound or to which any of its properties is subject; nor result in the creation or imposition of
any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument (other than this Agreement); nor violate any law or, to the Depositor’s knowledge, any order, rule or regulation applicable to the
Depositor or of Governmental Authority having jurisdiction over the Depositor or its properties, which conflict, breach, default, Lien or violation would have a material adverse effect on the performance by the Depositor of its obligations under or
the validity or enforceability of, the Depositor Basic Documents, the Receivables or the Securities. 
 (f)
No Proceedings. There are no Proceedings or investigations pending, or to the Depositor’s knowledge, threatened against the Depositor, before any Governmental Authority having jurisdiction over the Depositor or its properties:
(i) asserting the invalidity of any Basic Document or the Securities, (ii) seeking to prevent the issuance of the Securities or the consummation of any of the transactions contemplated by the Basic Documents, (iii) seeking any
determination or ruling that, in the reasonable judgment of the Depositor, would materially and adversely affect the performance by the Depositor of its obligations under, or the validity or enforceability of, the Depositor Basic Documents, the
Receivables or the Securities or (iv) relating to the Depositor and which might adversely affect the federal income tax attributes of the Issuer or the Securities. 
 Section 5.02. Liability of Depositor; Indemnities. 
 (a) The Depositor
shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Depositor under this Agreement. 
 (b) The Depositor shall indemnify, defend and hold harmless the Issuer, the Owner Trustee and the Indenture Trustee from and against any taxes that may at any time be asserted against any such Person with
respect to the transactions contemplated by the Basic Documents, including any sales, gross receipts, gross margin, general corporation, tangible personal property, privilege or license taxes (but not including any taxes asserted with respect to,
and as of the date of the sale of the Receivables to the Issuer or the issuance and original sale of the Securities, or federal or State income taxes arising out of distributions on the Securities), and all costs and expenses in defending against
such taxes. 
 (c) The Depositor shall indemnify, defend and hold harmless the Issuer, the Trustees and the Securityholders from
and against any loss, liability, claim, damage or expense incurred by reason of the Depositor’s willful misfeasance, bad faith or negligence (other than errors in judgment) in the performance of its duties under the Depositor Basic
Documents, or by reason of reckless disregard of its obligations and duties under the Depositor Basic Documents. 
  

 23 

 (d) The Depositor shall indemnify, defend and hold harmless the Trustees from and against
all losses, liabilities, claims, damages or expenses arising out of or incurred in connection with the acceptance or performance of the trusts and duties contained herein, in the Trust Agreement (in the case of the Owner Trustee) and in the
Indenture (in the case of the Indenture Trustee), except to the extent that such loss, liability, claim, damage or expense (i) shall be due to the willful misfeasance, bad faith or negligence of the Owner Trustee or the Indenture Trustee, as
applicable, (ii) in the case of (A) the Owner Trustee, shall arise from the breach by the Owner Trustee of any of its representations or warranties set forth in the Trust Agreement or (B) the Indenture Trustee, shall arise from the
breach by the Indenture Trustee of any of its representations and warranties set forth in the Indenture or shall arise out of or be incurred in connection with the performance by the Indenture Trustee of duties of a Successor Servicer hereunder,
(iii) shall be one as to which the Servicer is required to indemnify either Trustee or (iv) relates to any tax other than the taxes with respect to which the Servicer shall be required to indemnify either Trustee. The Depositor shall pay
any and all taxes levied or assessed upon all or any part of the Trust Property. 
 (e) Indemnification under this Section shall
survive the resignation or removal of the Owner Trustee or the Indenture Trustee, as the case may be, and the termination of this Agreement and shall include reasonable fees and expenses of counsel and expenses of litigation. If the Depositor shall
have made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Depositor, without
interest. Notwithstanding anything to the contrary contained herein, the Depositor shall only be required to pay (i) any fees, expenses, indemnities or other liabilities that it may incur under the Basic Documents from funds available pursuant
to, and in accordance with, the payment priorities set forth in this Agreement and the other Basic Documents and (ii) to the extent the Depositor has additional funds available (other than funds described in clause (i)) that would be in
excess of amounts that would be necessary to pay the debt and other obligations of the Depositor in accordance with the Depositor’s certificate of formation, operating agreement and all financing documents to which the Depositor is a party. The
agreement set forth in the preceding sentence shall constitute a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. In addition, no amount owing by the Depositor hereunder in excess of liabilities that it is required
to pay in accordance with the preceding sentence shall constitute a “claim” (as defined in Section 101(5) of the Bankruptcy Code) against it. 
  

 24 

 Section 5.03. Merger, Consolidation or Assumption of the Obligations of
Depositor. Any Person (i) into which the Depositor shall be merged or consolidated, (ii) resulting from any merger, conversion or consolidation to which the Depositor shall be a party or (iii) that shall succeed by purchase and
assumption to all or substantially all of the business of the Depositor, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Depositor under this Agreement, shall be the successor to the
Depositor under this Agreement without the execution or filing of any other document or any further act on the part of any of the parties to this Agreement; provided, however, that (A) the Depositor shall have delivered to the Trustees an
Officer’s Certificate and an Opinion of Counsel each stating that such merger, conversion, consolidation or succession and such agreement of assumption comply with this Section, (B) the Depositor shall have delivered to the Trustees an
Opinion of Counsel stating that, in the opinion of such counsel, either (1) all financing statements and continuation statements and amendments thereto have been authorized and filed that are necessary to fully preserve and protect the interest
of the Issuer and the Indenture Trustee, respectively, in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (2) no such action shall be necessary to fully
preserve and protect such interest and (C) the Rating Agency Condition shall have been satisfied. Notwithstanding anything to the contrary contained herein, the execution of the foregoing agreement of assumption and compliance with
clauses (A), (B) and (C) above shall be conditions to the consummation of the transactions referred to in clauses (i), (ii) and (iii) above. 
 Section 5.04. Limitation on Liability of Depositor and Others. The Depositor and any director or officer or employee or agent of the Depositor may rely in good faith on any document of any
kind, prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor and any director or officer or employee or agent of the Depositor shall be reimbursed by the the Indenture Trustee for any
contractual damages, liability or expense incurred by reason of the Indenture Trustee’s willful misfeasance, bad faith or negligence (except for errors in judgment) in the performance of its duties hereunder, or by reason of reckless disregard
of its respective obligations and duties hereunder. The Depositor shall not be under any obligation to appear in, prosecute or defend any legal action that shall not be incidental to its obligations under this Agreement, and that in its opinion may
involve it in any expense or liability. The indemnities contained in this Section shall survive the resignation of the Indenture Trustee or termination of this Agreement. 
 Section 5.05. Depositor Not to Resign. Subject to the provisions of Section 5.03, the Depositor shall not resign from the obligations and duties hereby imposed on it as Depositor
hereunder. 
 Section 5.06. Depositor May Own Securities. The Depositor and any of its Affiliates may, in its
individual or any other capacity, become the owner or pledgee of Securities with the same rights as it would have if it were not the Depositor or an Affiliate of the Depositor, except as otherwise expressly provided herein or in any other Basic
Document (including in the definition of the terms “Note Balance” and “Outstanding”). Except as otherwise expressly provided herein or in the other Basic Documents (including in the definition of the terms “Note
Balance” and “Outstanding”), Securities so owned by or pledged to the Depositor or such Affiliate shall have an equal and proportionate benefit under the provisions of this Agreement and the other Basic Documents, without preference,
priority or distinction as among the Notes and the Certificates as the case may be. 
  

 25 

 Section 5.07. Covenants of Depositor. The Depositor makes the following
covenants as of the date of this Agreement: 
 (a) The Depositor makes the covenants in Section 2.08,
4.03(c)(iv) and 4.03(c)(v) of the Depositor Limited Liability Company Agreement, which covenants are hereby incorporated into and made a part of this Agreement. 
 (b) The Depositor shall not conduct or promote any activites except as set forth in Section 2.04 of the Depositor
Limited Liability Company Agreement. 
  

 26 

 ARTICLE SIX 
 THE SERVICER 
 Section 6.01. Representations and Warranties of
Servicer. The Servicer makes the following representations and warranties on which the Issuer is deemed to have relied in acquiring the Trust Property. The representations and warranties speak as of the date of execution and delivery of this
Agreement and as of the Closing Date, and shall survive the sale, transfer, assignment and conveyance of the Trust Property to the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture: 
 (a) Organization and Good Standing. The Servicer is a limited liability company duly organized and validly existing
under the laws of the State of Delaware and continues to hold a valid certificate to do business as such. It is duly authorized to own its properties and transact its business and is in good standing in each jurisdiction in which the character of
the business transacted by it or any properties owned or leased by it requires such authorization and in which the failure to be so authorized would have a material adverse effect on its business, properties, assets or condition (financial or other)
and those of its subsidiaries, considered as one enterprise. The Servicer has, and at all relevant times had, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian on behalf of the Issuer.

 (b) Due Qualification. The Servicer is duly qualified to do business in good standing and has obtained
all necessary licenses and approvals in each jurisdiction in which the failure to so qualify or to obtain such licenses and approvals would, in the reasonable judgment of the Servicer, materially and adversely affect the performance by the Servicer
of its obligations under, or the validity or enforceability of, the Servicer Basic Documents, the Receivables or the Securities. 
 (c) Power and Authority. The Servicer has the power and authority to execute, deliver and perform its obligations under the Servicer Basic Documents; and the execution, delivery and performance of
the Servicer Basic Documents have been duly authorized by the Servicer by all necessary action. 
 (d) Binding
Obligation. Each Servicer Basic Document constitutes the legal, valid and binding obligation of the Servicer, enforceable against the Servicer in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance, fraudulent transfer or other similar laws affecting the enforcement of creditors’ rights in general, and by general principles of equity, regardless of whether considered in a
Proceeding in equity or at law. 
 (e) No Violation. The execution, delivery and performance by the
Servicer of the Servicer Basic Documents, the consummation of the transactions contemplated hereby and thereby and the fulfillment of their respective terms shall not conflict with, result in any breach of any of the terms and provisions of, or
constitute (with or without notice or lapse of time or both) a default under, the certificate of formation or limited

  

 27 

 
liability company agreement of the Servicer, or any material indenture, agreement, mortgage, deed of trust or other instrument to which the Servicer is a party, by which the Servicer is bound or
to which any of its properties are subject; or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than the Servicer
Basic Documents, or violate any law, order, rule or regulation applicable to the Servicer or its properties of any Governmental Authority having jurisdiction over the Servicer or any of its properties. 
 (f) No Proceedings. There are no Proceedings or investigations pending or, to the knowledge of the Servicer,
threatened, against the Servicer before any Governmental Authority having jurisdiction over the Servicer or its properties: (i) asserting the invalidity of any Basic Document, (ii) seeking to prevent the issuance of the Securities or the
consummation of any of the transactions contemplated by the Basic Documents, (iii) seeking any determination or ruling that, in the reasonable judgment of the Servicer, would materially and adversely affect the performance by it of its
obligations under, or the validity or enforceability of, this Agreement or the Receivables or (iv) seeking to adversely affect the federal income tax or other federal, State or local tax attributes of the Securities. 
 Section 6.02. Liability of Servicer; Indemnities. The Servicer shall be liable in accordance herewith only to the extent of the
obligations specifically undertaken by the Servicer under this Agreement. Such obligations shall include the following: 
 (a) The Servicer shall indemnify, defend and hold harmless the Issuer, the Trustees, the Securityholders and the Depositor from and against all losses, liabilities, claims, damages and expenses arising out of or incurred in connection with
the use, ownership or operation by the Servicer or any Affiliate of the Servicer of a Financed Vehicle. 
 (b)
The Servicer shall indemnify, defend and hold harmless the Issuer, the Depositor and the Trustees from and against any taxes that may at any time be asserted against any such Person as a result of or relating to the transactions contemplated herein
and in the other Basic Documents, including any sales, gross receipts, gross margin, general corporation, tangible personal property, privilege or license taxes (but not including any taxes asserted with respect to, and as of the date of, the sale
of the Receivables to the Issuer or the issuance and original sale of the Securities, or federal or State income taxes arising out of distributions on the Securities) and costs and expenses in defending against such taxes. 
 (c) The Servicer shall indemnify, defend and hold harmless the Issuer, the Trustees, the Securityholders and the Depositor
from and against any loss, liability, claim, damage or expense incurred by reason of the Servicer’s willful misfeasance, bad faith or negligence in the performance of its duties under the Servicer Basic Documents or by reason of a reckless
disregard of its obligations and duties the Servicer Basic Documents. 
  

 28 

 (d) The Servicer shall indemnify, defend and hold harmless the Trustees and
their respective officers, directors, employees and agents from and against all losses, liabilities, claims, damages and expenses arising out of or incurred in connection with the acceptance or performance of the trusts and duties herein and
contained in the Trust Agreement (in the case of the Owner Trustee) and contained in the Indenture (in the case of the Indenture Trustee), except to the extent that such loss, liability, claim, damage or expense: (i) shall be due to the willful
misfeasance, bad faith or negligence (except for errors in judgment) of the Owner Trustee or the Indenture Trustee, as applicable, (ii) in the case of the Owner Trustee, shall arise from the breach by the Owner Trustee of any of its
representations or warranties set forth in Section 7.03 of the Trust Agreement, (iii) in the case of the Indenture Trustee, shall arise from the breach by the Indenture Trustee of any of its representations and warranties set forth in the
Indenture or shall arise out of or be incurred in connection with the performance by the Indenture Trustee of the duties of a Successor Servicer hereunder or (iv) relates to any tax other than to the taxes with respect to which either the
Depositor or the Servicer shall be required to indemnify the Owner Trustee or the Indenture Trustee, as applicable. 
 (e) The Servicer shall pay the Owner Trustee compensation, reimbursement or other payments owed to it pursuant to Sections 8.01 and 8.02 of the Trust Agreement. 
 In addition to the foregoing indemnities, if either Trustee is entitled to indemnification by the Depositor pursuant to Section 5.02 and the Depositor is unable for any reason to provide such
indemnification to either Trustee, then the Servicer shall be liable for any indemnification that such Trustee is entitled to under Section 5.02. For purposes of this Section, in the event of a termination of the rights and obligations of the
Servicer (or any Successor Servicer) pursuant to Section 7.01 or a resignation by such Servicer pursuant to Section 6.05, such Servicer shall be deemed to be the Servicer pending appointment of a Successor Servicer (other than the
Indenture Trustee) pursuant to Section 7.02. Indemnification under this Section by the Servicer (or any Successor Servicer), with respect to the period such Person was (or was deemed to be) the Servicer, shall survive the termination of each
Person as Servicer or a resignation by such Person as Servicer, as well as the resignation or removal of the Owner Trustee or the Indenture Trustee, as the case may be, or the termination of this Agreement and shall include reasonable fees and
expenses of counsel and expenses of litigation. If the Servicer shall have made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments are made thereafter collects any of such amounts from others, such
Person shall promptly repay such amounts to the Servicer, as the case may be, without interest. 
 Section 6.03. Merger
or Consolidation of, or Assumption of the Obligations of Servicer. Any Person (i) into which the Servicer shall be merged or consolidated, (ii) which may result from any merger, conversion or consolidation to which the Servicer shall
be a party or (iii) which may succeed to all or substantially all of the business of the Servicer, which Person in any of the foregoing cases is an Eligible Servicer and executes an agreement of assumption to perform every obligation of the
Servicer under this Agreement, shall be the successor to the Servicer under this Agreement without the execution or filing of any other document or any further act on the part of any of the parties hereto; provided, however, the Servicer shall have
delivered to the Depositor and the Trustees (a) an Officer’s Certificate and an Opinion of Counsel each stating that such merger, conversion or consolidation and such agreement of assumption comply with this Section 
  

 29 

 
and (b) an Opinion of Counsel stating that, in the opinion of such counsel, either (1) all financing statements and continuation statements and amendments thereto have been authorized
and filed that are necessary to preserve and protect the interest of the Issuer and the Indenture Trustee, respectively, in the assets of the Issuer and reciting the details of such filings or referring to prior Opinions of Counsel in which such
details are given or (2) no such action shall be necessary to preserve and protect such interest. Notwithstanding anything to the contrary contained herein, the execution of the foregoing agreement of assumption and compliance with
clauses (a) and (b) above shall be conditions to the consummation of the transactions referred to in clauses (i), (ii) and (iii) above. The Servicer shall provide prior written notice of any merger, conversion, consolidation
or succession pursuant to this Section to the Trustees, the Rating Agencies and the Depositor. The Servicer shall provide such information in writing as reasonably requested by the Depositor to allow the Depositor to comply with its Exchange Act
reporting obligations with respect to a Successor Servicer. 
 Section 6.04. Limitation on Liability of Servicer and
Others. 
 (a) Neither the Servicer nor any of its directors, officers, employees or agents shall be under any liability to
the Issuer or any Securityholders for any action taken or for refraining from the taking of any action pursuant hereto, or for errors in judgment; provided, however, that this provision shall not protect the Servicer or any such Person against any
liability that would otherwise be imposed by reason of willful misfeasance, bad faith or negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. The Servicer and any of its respective
directors, officers, employees or agents may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person in respect of any matters arising under this Agreement. 
 (b) Except as provided herein, the Servicer shall not be under any obligation to appear in, prosecute or defend any legal action that shall
not be incidental to its duties to administer and service the Receivables in accordance with this Agreement, and that in its opinion may involve it in any expense or liability; provided, however, that the Servicer may undertake any reasonable action
that it may deem necessary or desirable in respect of this Agreement and the rights and duties of the parties to this Agreement and the interests of the Noteholders and the Certificateholders under this Agreement. In such event, the legal expenses
and costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Servicer. 
 Section 6.05. DCFS USA Not to Resign as Servicer. DCFS USA will not resign as Servicer under this Agreement except upon determination that the performance of its duties under this Agreement is no longer permissible under law.
Prior to the effectiveness of such resignation, DCFS USA will deliver to the Depositor and the Trustees (i) notice of any such determination permitting the resignation of DCFS USA as Servicer and (ii) an Opinion of Counsel to such effect.
Any such resignation will become effective in accordance with Section 7.02. 
 Section 6.06. Servicer May Own
Securities. The Servicer and any of its Affiliates may, in its individual or other capacity, become the owner or pledgee of Securities with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as
otherwise expressly provided herein or in any other Basic Document (including in the definition of the terms “Note Balance” and “Outstanding”). Except as otherwise expressly provided herein or in the 
  

 30 

 
other Basic Documents (including in the definition of the terms “Note Balance” and “Outstanding”), Securities so owned by or pledged to the Servicer or such Affiliate shall
have an equal and proportionate benefit under the provisions of this Agreement and the other Basic Documents, without preference, priority or distinction as among the Notes and the Certificates, as the case may be. 
  

 31 

 ARTICLE SEVEN 
 SERVICER TERMINATION EVENTS 
 Section 7.01. Servicer Termination
Events. The occurrence of any one of the following events shall constitute an event of servicing termination hereunder (each, a “Servicer Termination Event”): 
 (a) any failure by the Servicer to deliver to the Indenture Trustee the Investor Report for any Collection Period, which
failure shall continue unremedied beyond the earlier of two Business Days following the date such Investor Report was required to be delivered and the related Distribution Date, or any failure by the Servicer to make any required payment or
deposit under this Agreement, which failure shall continue unremedied beyond the earlier of five Business Days following the date such payment or deposit was due and, in the case of a payment or deposit to be made no later than a Distribution
Date or the related Deposit Date, such Distribution Date or Deposit Date, as applicable; 
 (b) any failure by
the Servicer to duly observe or to perform in any material respect any other covenant or agreement of the Servicer set forth in this Agreement, which failure shall materially and adversely affect the rights of the Depositor or the Noteholders and
shall continue unremedied for a period of 60 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given (i) to the Servicer by the Depositor or either Trustee or (ii) to the
Depositor, the Servicer and the Trustees by the Holders of Notes evidencing not less than 25% of the Note Balance of the Controlling Class (or, after the Notes have been paid in full, the holders of Certificates evidencing not less than 25% of the
aggregate Certificate Percentage Interests then outstanding); 
 (c) any representation or warranty of the
Servicer made in this Agreement, or in any certificate delivered pursuant hereto or in connection herewith, other than any representation or warranty relating to a Receivable that has been purchased by the Servicer, proving to have been incorrect in
any material respect as of the time when the same shall have been made, and the circumstance or condition in respect of which such representation or warranty was incorrect shall not have been eliminated or otherwise cured for a period of
30 days after the date on which written notice of such circumstance or condition, requiring the same to be eliminated or cured, shall have been given (i) to the Servicer by the Depositor or either Trustee or (ii) to the Depositor, the
Servicer and the Trustees by the Holders of Notes evidencing not less than 25% of the Note Balance of the Controlling Class; or 
 (d) an Insolvency Event occurs with respect to the Servicer. 
 If a Servicer
Termination Event shall have occurred and not have been remedied, either the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class (or holders of Certificates representing not less than
51% of the aggregate Certificate Percentage Interests outstanding if the Notes are no longer Outstanding), in

  

 32 

 
each case by providing a Servicer Termination Notice to the Depositor, the Owner Trustee and the Servicer (and to the Indenture Trustee if given by the Noteholders) may terminate all the rights
and obligations of the Servicer under this Agreement; provided, however, that the indemnification obligations of the Servicer under Section 6.02 shall survive such termination. 
 On or after the receipt by the Servicer of a Servicer Termination Notice, all authority and power of the Servicer under this Agreement,
whether with respect to the Notes, the Certificates, the Trust Property or otherwise, shall, without further action, pass to and be vested in the Indenture Trustee or such Successor Servicer as may be appointed under Section 7.02; and, without
limitation, the Trustees are hereby authorized and empowered to execute and deliver, on behalf of the outgoing Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things
necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivable Files or the certificates of title to the Financed Vehicles, or otherwise. The outgoing Servicer shall
cooperate with the Indenture Trustee, the Owner Trustee and such Successor Servicer in effecting the termination of the responsibilities and rights of the outgoing Servicer under this Agreement, including the transfer to the Indenture Trustee or
such Successor Servicer for administration by it of all cash amounts that shall at the time be held by the outgoing Servicer for deposit, or have been deposited by the outgoing Servicer, in the Accounts or thereafter received with respect to the
Receivables, all Receivable Files and all information or documents that the Indenture Trustee or such Successor Servicer may require. In addition, the Servicer shall transfer its electronic records relating to the Receivables to the Successor
Servicer in such electronic form as the Successor Servicer may reasonably request. All Transition Costs shall be paid by the outgoing Servicer (or by the initial Servicer if the outgoing Servicer is the Indenture Trustee acting on an interim basis)
upon presentation of reasonable documentation of such costs and expenses. 
 The Trustees shall have no obligation to notify the
Noteholders, the Certificateholders or any other Person of the occurrence of any event specified in this Section prior to the continuance of such event through the end of any cure period specified in this Section. 
 Section 7.02. Appointment of Successor Servicer. Upon the resignation of the Servicer pursuant to Section 6.05 or the
termination of the Servicer pursuant to Section 7.01, the Indenture Trustee shall be the successor in all respects to the Servicer in its capacity as Servicer under this Agreement and shall be subject to all the obligations and duties placed on
the Servicer by the terms and provisions of this Agreement, and shall provide such information in writing as reasonably requested by the Depositor to allow the Depositor to comply with its Exchange Act reporting obligations with respect to the
Indenture Trustee in its capacity as Successor Servicer; provided, however, that the Indenture Trustee, as Successor Servicer, shall not, in any event, be required to make any Advances pursuant to Section 4.06 and shall have no obligations
pursuant to Section 3.09 with respect to the fees and expenses of the Trustees, the fees and expenses of the attorneys for the Trustees, the fees and expenses of any custodian appointed by the Trustees, the fees and expenses of Independent
accountants or expenses incurred in connection with distributions and reports to the Securityholders. As compensation therefor, the Indenture Trustee shall be entitled to such compensation (whether payable out of the Collection Account or otherwise)
as the Servicer would have been entitled to under this Agreement if no such resignation or termination had occurred, except that all collections on or in respect of the Receivables shall be 
  

 33 

 
deposited in the Collection Account within two Business Days of receipt and shall not be retained by the Servicer. Notwithstanding the foregoing, the Indenture Trustee may, if it shall be
unwilling so to act, or shall, if it is legally unable so to act, appoint, or petition a court of competent jurisdiction to appoint, an Eligible Servicer as the successor to the terminated Servicer under this Agreement. In connection with such
appointment, the Indenture Trustee may make such arrangements for the compensation of such Successor Servicer out of collections on or in respect of the Receivables as it and such successor shall agree; provided, however, that such compensation
shall not be greater than that payable to DCFS USA as initial Servicer hereunder without the prior consent of the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class (or Holders of Certificates representing not
less than 51% of the aggregate Certificate Percentage Interests then outstanding if the Notes are no longer Outstanding). The Indenture Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to
effectuate any such succession, including providing such information in writing as reasonably requested by the Depositor to allow the Depositor to comply with its Exchange Act reporting obligations with respect to such Successor Servicer. The
Indenture Trustee shall not be relieved of its duties as Successor Servicer under this Section until a newly appointed Servicer shall have assumed the obligations and duties of the terminated Servicer under this Agreement. Notwithstanding anything
to the contrary contained herein, in no event shall the Indenture Trustee be liable for any servicing fee or for any differential in the amount of the servicing fee paid hereunder and the amount necessary to induce any Successor Servicer to act as
Successor Servicer hereunder. 
 Section 7.03. Effect of Servicing Transfer. 
 (a) After a transfer of servicing hereunder, the Indenture Trustee or Successor Servicer shall notify the Obligors to make directly to the
Successor Servicer payments that are due under the Receivables after the effective date of such transfer. 
 (b) Except as
provided in Section 7.02, after a transfer of servicing hereunder, the outgoing Servicer shall have no further obligations with respect to the administration, servicing, custody or collection of the Receivables and the Successor Servicer shall
have all of such obligations, except that the outgoing Servicer will transmit or cause to be transmitted directly to the Successor Servicer for its own account, promptly on receipt and in the same form in which received, any amounts or items held by
the outgoing Servicer (properly endorsed where required for the Successor Servicer to collect any such items) received as payments upon or otherwise in connection with the Receivables. 
 (c) Any Successor Servicer shall provide the Depositor with access to the Receivable Files and to the Successor Servicer’s records
(whether written or automated) with respect to the Receivable Files. Such access shall be afforded without charge, but only upon reasonable request and during normal business hours at the offices of the Successor Servicer. Nothing in this Section
shall affect the obligation of a Successor Servicer to observe any Applicable Law prohibiting disclosure of information regarding the Obligors, and the failure of the Servicer to provide access to information as a result of such obligation shall not
constitute a breach of this Section. 
  

 34 

 (d) Any transfer of servicing hereunder shall not constitute an assumption by the related
Successor Servicer of any liability of the related outgoing Servicer arising out of any breach by such outgoing Servicer of such outgoing Servicer’s duties hereunder prior to such transfer of servicing. 
 Section 7.04. Notification to Noteholders and Rating Agencies. Upon any notice of a Servicer Termination Event or upon any
termination of, or any appointment of a successor to, the Servicer pursuant to this Article, the Indenture Trustee shall give prompt written notice thereof to the Noteholders and the Rating Agencies. 
 Section 7.05. Waiver of Past Servicer Termination Events. The Noteholders evidencing not less than 51% of the Note Balance of
the Controlling Class may, on behalf of all Noteholders, waive any Servicer Termination Event and its consequences, except an event resulting from the failure to make any required deposits to or payments from the Accounts in accordance with this
Agreement. Upon any such waiver of a Servicer Termination Event, such event shall cease to exist, and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair
any right arising therefrom, except to the extent expressly so waived. 
 Section 7.06. Repayment of Advances. If
the identity of the Servicer shall change, the outgoing Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Advances made pursuant to Section 4.06 by the outgoing Servicer. 
  

 35 

 ARTICLE EIGHT 
 TERMINATION 
 Section 8.01. Optional Purchase of All Receivables.

 (a) If, as of the last day of any Collection Period, the Pool Balance shall be less than or equal to 10% of the Cutoff Date
Pool Balance, the Servicer shall have the option to purchase on the following Distribution Date the Trust Estate, other than the Accounts. To exercise such option, the Servicer shall notify the Depositor, the Owner Trustee, the Indenture Trustee and
the Rating Agencies, not fewer than ten nor more than 30 days prior to the Distribution Date on which such repurchase is to be effected and shall deposit into the Collection Account on the related Deposit Date an amount equal to the aggregate
Purchase Amount for the Receivables (including Receivables that became Defaulted Receivables during the related Collection Period), less the Reserve Fund Amount, which funds shall be transferred from the Reserve Fund into the Collection Account.
Notwithstanding the foregoing, the Servicer shall not be permitted to exercise such option unless the amount to be deposited in the Collection Account (together with amounts on deposit in the Reserve Fund and the Collection Account) pursuant to this
Section is at least equal to the sum of all amounts due to the Servicer under this Agreement plus the Note Balance plus all accrued but unpaid interest (including any overdue interest) on the Notes plus all amounts due to the Servicer for any
outstanding and unreimbursed Advances and Nonrecoverable Advances plus all accrued but unpaid Total Trustee Fees. Upon such payment, the Seller shall succeed to and own all interests in and to the Issuer. The aggregate amount so deposited in respect
of such Distribution Date, plus, to the extent necessary, all amounts in the Reserve Fund, if any, shall be used to make payments in full to the Noteholders in the manner set forth in Article Four. 
 (b) Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, the
Certificateholders shall succeed to the rights of the Noteholders hereunder and the Indenture Trustee shall continue to carry out its obligations hereunder with respect to the Certificateholders, including making distributions from the Collection
Account in accordance with Section 4.08(c) and making withdrawals from the Reserve Fund in accordance with Sections 4.02 and 4.07. 
  

 36 

 ARTICLE NINE 
 EXCHANGE ACT REPORTING 
 Section 9.01. Further Assurances. The
Indenture Trustee and the Servicer shall reasonably cooperate with the Depositor in connection with the satisfaction of the Depositor’s reporting requirements under the Exchange Act with respect to the Issuer. The Depositor shall not exercise
its right to request delivery of information or other performance under these provisions other than in good faith. In addition to the other information specified in this Article Nine, if so requested by the Depositor for the purpose of
satisfying its reporting obligation under the Exchange Act, the Indenture Trustee and the Servicer shall provide the Depositor with (a) such information which is available to such Person without unreasonable effort or expense and within such
timeframe as may be reasonably requested by the Depositor to comply with the Depositor’s reporting obligations under the Exchange Act and (ii) to the extent such Person is a party (and the Depositor is not a party) to any agreement or
amendment required to be filed, copies of such agreement or amendment in EDGAR-compatible form. Each of the Servicer and the Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due
to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Depositor in good faith for
delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. 
 Section 9.02.
Form 10-D Filings. So long as the Depositor is required to file Exchange Act Reports with respect to the Issuer, no later than each Determination Date, each of the Indenture Trustee and the Servicer shall notify (and the Servicer shall
cause any subservicer to notify) the Depositor of any Form 10-D Disclosure Item with respect to such Person (or in the case of the Indenture Trustee, a Responsible Officer of such Person), together with a description of any such Form 10-D
Disclosure Item in form and substance reasonably acceptable to the Depositor. In addition to such information as the Servicer is obligated to provide pursuant to other provisions of this Agreement, if so requested by the Depositor, the Servicer
shall provide such information which is available to the Servicer, without unreasonable effort or expense regarding the performance or servicing of the Receivables as is reasonably required to facilitate preparation of distribution reports in
accordance with Item 1121 of Regulation AB. Such information shall be provided concurrently with the statements to Securityholders pursuant to Section 4.09, commencing with the first such report due not less than five Business Days
following such request. 
 Section 9.03. Form 8-K Filings. So long as the Depositor is required to file
Exchange Act Reports with respect to the Issuer, each of the Indenture Trustee and the Servicer shall promptly notify the Depositor, but in no event later than two Business Days after its occurrence, of any Reportable Event of which such Person (or
in the case of the Indenture Trustee, a Responsible Officer of such Person) has actual knowledge. Each Person shall be deemed to have actual knowledge of any such event to the extent that it relates to such Person or any action or failure to act by
such Person. 
 Section 9.04. Form 10-K Filings. So long as the Depositor is required to file Exchange Act
Reports, (i) if the Item 1119 Parties listed on Schedule B have changed since the Closing 
  

 37 

 
Date, no later than February 1 of each year, commencing in 2010, the Depositor shall provide each of the Indenture Trustee and the Servicer with an updated Schedule B setting forth the
Item 1119 Parties and (ii) no later than March 15 of each year, commencing in 2010, the Indenture Trustee and the Servicer shall notify the Depositor of any Form 10-K Disclosure Item, together with a description of any such
Form 10-K Disclosure Item in form and substance reasonably acceptable to the Depositor. 
 Section 9.05. Report on
Assessment of Compliance and Attestation. So long as the Depositor is required to file Exchange Act Reports, on or before March 15 of each calendar year, commencing in 2010: 
 (a) The Indenture Trustee shall deliver to the Depositor and the Servicer the Servicing Criteria Assessment. Such report
shall be signed by an authorized officer of the Indenture Trustee and shall at a minimum address each of the Servicing Criteria specified on a certification substantially in the form of Part I of Schedule C hereto delivered to the Depositor
concurrently with the execution of this Agreement (provided that such certification may be revised after the date of this Agreement as agreed by the Depositor and the Indenture Trustee to reflect any guidance with respect to such criteria from the
Commission). To the extent any of the Servicing Criteria are not applicable to the Indenture Trustee, with respect to asset-backed securities transactions taken as a whole involving the Indenture Trustee and that are backed by the same asset type
backing the Notes, such report shall include such a statement to that effect. The Indenture Trustee acknowledges and agrees that the Depositor and the Servicer with respect to its duties as the Certifying Person, and each of their respective
officers and directors shall be entitled to rely upon each such Servicing Criteria Assessment and the attestation delivered pursuant to Section 9.05(b). 
 (b) The Indenture Trustee shall deliver to the Depositor and the Servicer a report of a registered public accounting firm
that attests to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered pursuant to the preceding paragraph. Such attestation shall be in accordance with Rules 13a-18 and 15d-18 of the Exchange Act (or any successor
provisions), Rules 1-02(a)(3) and 2-02(g) of Regulation S-X (or any successor provisions) under the Securities Act and the Exchange Act, including, that, in the event that an overall opinion cannot be expressed, such registered public accounting
firm shall state in such report why it was unable to express such an opinion. Such report must be available for general use and not contain restricted use language. 
 (c) In the event the Indenture Trustee is terminated or resigns during the term of this Agreement, such Person shall provide
the documents and information pursuant to this Section with respect to the period of time it was subject to this Agreement or provided services with respect to the Issuer or the Receivables. 
 Section 9.06. Back-up Sarbanes-Oxley Certification. 
 (a) No later than February 15 of each year, beginning in 2010, the Servicer shall provide the Performance Certification to the
Certifying Person as Schedule D (in the case of the

  

 38 

 
Servicer), in each case on which the Certification Parties can reasonably rely; provided that so long as the Servicer is an Affiliate of the Depositor, the Servicer may, but is not required to
deliver the Performance Certificate. 
 (b) The Depositor will not request delivery of a certification under this clause unless
the Depositor is required under the Exchange Act to file an annual report on Form 10-K with respect to the Issuer. In the event that prior to the filing date of the Form 10-K in March of each year, the Servicer has actual knowledge of
information material to the Sarbanes-Oxley Certification, the Servicer shall promptly notify the Depositor. 
 Section 9.07. Representations and Warranties. The Indenture Trustee represents that: 
 (i)
there are no affiliations relating to the Indenture Trustee with respect to any Item 1119 Party; 
 (ii)
there are no relationships or transactions with respect to any Item 1119 Party and the Indenture Trustee that are outside the ordinary course of business or on terms other than would be obtained in an arm’s-length transaction with an
unrelated third party, apart from the transactions contemplated under the Basic Documents, and that are material to the investors’ understanding of the Notes; and 
 (iii) there are no legal Proceedings pending, or known to be contemplated by Governmental Authorities, against the Indenture
Trustee, or of which the property of the Indenture Trustee is subject, that is material to the Noteholders. 
 Section 9.08. Indemnification. 
 (a) Each of the Indenture Trustee and the Servicer (if the Servicer is
not DCFS USA) shall indemnify the Depositor, the Servicer with respect to its duties as Certifying Person or each Person who controls any of such parties (within the meaning of Section 15 of the Securities Act and Section 20 of the
Exchange Act) and the respective present and former directors, officers, employees and agents of each of the foregoing, and shall hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses
and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon: 
 (i) (A) any untrue statement of a material fact contained or alleged to be contained in the Provided Information or (B) the omission or alleged omission to state in the Provided Information a
material fact required to be stated in the Provided Information, or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, by way of clarification, that
clause (B) shall be construed solely by reference to the related Provided Information and not to any other information communicated in connection with a sale or purchase of securities, without regard to whether the Provided Information or any
portion thereof is presented together with or separately from such other information; or 
 (ii) with respect to
the Indenture Trustee, any failure by the Indenture Trustee to deliver any Servicing Criteria Assessment when and as required under this Article and

  

 39 

 
with respect to the Servicer, any failure by the Servicer to deliver any information, report, certification, accountant’s letter or other material when and as required under
Section 3.11 or 3.12 or this Article, as applicable. 
 (b) In the case of any failure of performance described in
Section 9.08(a)(ii), each of the Indenture Trustee and the Servicer shall promptly reimburse the Depositor for all costs reasonably incurred by each such party in order to obtain the information, report, certification, accountants’ letter
or other material not delivered as required by the Indenture Trustee or the Servicer, as applicable. 
 (c) Notwithstanding
anything to the contrary contained herein, in no event shall the Indenture Trustee be liable for special, indirect or consequential damages of any kind whatsoever, including but not limited to lost profits, even if the Indenture Trustee has been
advised of the likelihood of such loss or damage and regardless of the form of action. 
  

 40 

 ARTICLE TEN 
 MISCELLANEOUS 
 Section 10.01. Amendment. 
 (a) This Agreement may be amended from time to time by the parties hereto, with the consent of the Indenture Trustee, but without the
consent of any of the Noteholders, to cure any ambiguity, to correct or supplement any provision in this Agreement that may be inconsistent with any other provisions in this Agreement or any offering document used in connection with the initial
offer and sale of the Notes, to add, change or eliminate any other provisions with respect to matters or questions arising under this Agreement that are not inconsistent with the provisions of this Agreement; provided, however, that no such
amendment (i) may materially adversely affect the interests of any Noteholder and (ii) will be permitted unless an Opinion of Counsel is delivered to the Depositor and the Trustees to the effect that such amendment will not cause the
Issuer to be characterized for federal income tax purposes as an association taxable as a corporation or otherwise have any material adverse impact on the federal income taxation of any Notes Outstanding. 
 (b) This Agreement may also be amended from time to time by the parties hereto, with the consent of the Indenture
Trustee and the Holders of Notes evidencing at least 66 2/3% of the Note Balance of the Controlling Class, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Noteholders;
provided, however, that no such amendment (i) will be permitted unless an Opinion of Counsel is delivered to the Depositor and the Trustees to the effect that such amendment will not cause the Issuer to be characterized for federal income tax
purposes as an association or publicly traded partnership taxable as a corporation or otherwise have any material adverse impact on the federal income taxation of any Notes Outstanding or any Noteholder and (ii) may (A) increase or reduce
in any manner the amount of, or accelerate or delay the timing of, or change the allocation or priority of, collections of payments on or in respect of the Receivables or distributions that are required to be made for the benefit of the Noteholders
or change any Interest Rate or the Reserve Fund Required Amount without the consent of 100% of the Noteholders of Notes then Outstanding or (B) reduce the percentage of the Note Balance of the Controlling Class, the consent of the Noteholders
of which is required for any amendment to this Agreement without the consent of 100% of the Noteholders of Notes then Outstanding. 
 (c) An amendment to this Agreement shall be deemed not to materially adversely affect the interests of any Noteholder if (i) the Person requesting such amendment obtains and delivers to the
Trustees an Opinion of Counsel to that effect or (ii) the Rating Agency Condition is satisfied. 
 (d) Prior to the
execution of any amendment or consent pursuant to this Section, the Servicer shall provide written notification of the substance of such amendment or consent to each Rating Agency. 
  

 41 

 (e) Promptly after the execution of any amendment or consent pursuant to
Section 10.01(b), the Owner Trustee shall furnish (i) written notification of the substance of such amendment or consent to each Certificateholder. It shall not be necessary for the consent of the Noteholders pursuant to
Section 10.01(b) to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents (and any other consents of the
Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the Noteholders shall be subject to such reasonable requirements as the Trustees may prescribe. 
 (f) Prior to the execution of any amendment pursuant to this Section, the Depositor and the Trustees shall be entitled to receive and rely
upon (i) an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and (ii) an Officer’s Certificate of the Servicer that all conditions precedent provided for in this
Agreement to the execution of such amendment have been complied with. The Owner Trustee or the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which affects such Owner Trustee’s or Indenture Trustee’s
own rights, duties or immunities under this Agreement or otherwise. 
 (g) Notwithstanding the foregoing provisions of this
Section, in the event the parties to this Agreement desire to further clarify or amend any provision of Article Nine, or subject to Section 9.05(a), the information contained in Schedule C, this Agreement shall be amended to reflect
the new agreement between the parties covering matters in Article Nine, pursuant to Section 9.01, or Schedule C; provided, however, that (i) such amendment will not require any Opinion of Counsel or satisfaction of the Rating Agency
Condition or the consent of any Securityholder and (ii) the Servicer shall have given written notice to the Rating Agencies not fewer than ten days prior to the effectiveness of any such amendment. 
 Section 10.02. Protection of Title to Issuer. 
 (a) The Depositor or the Servicer, or both, shall authorize and file such financing statements and cause to be authorized and filed such continuation statements, all in such manner and in such places as
may be required by law fully to preserve, maintain and protect the interest of the Issuer and of the Indenture Trustee for the benefit of the Noteholders in the Receivables and in the proceeds thereof. The Depositor or the Servicer, or both, shall
deliver (or cause to be delivered) to the Trustees file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing. 
 (b) Neither the Depositor nor the Servicer shall change its name, identity or organizational structure in any manner that would make any
financing statement or continuation statement filed in accordance with Section 10.02(a) seriously misleading within the meaning of Section 9-506 of the UCC, unless it shall have given the Trustees at least 30 days’ prior written
notice thereof and shall have promptly filed such amendments to previously filed financing statements or continuation statements or such new financing statements as may be necessary to continue the perfection of the interest of the Issuer and the
Indenture Trustee for the benefit of the Noteholders in the Receivables and the proceeds thereof. 
  

 42 

 (c) Each of the Seller, the Depositor and the Servicer shall give the Trustees at least
30 days’ prior written notice of any change in its name, identity, organizational structure or jurisdiction of organization or any relocation of its principal place of business or chief executive office if, as a result of such change or
relocation, the applicable provisions of the UCC would require the filing of any amendment to any previously filed financing statement or continuation statement or of any new financing statement and shall promptly file any such amendment,
continuation statement or new financing statement. The Depositor shall at all times maintain its jurisdiction of organization, its principal place of business and its chief executive office within the United States. The Servicer shall at all times
maintain each office from which it shall service Receivables, and each office at which the Receivable Files are located, within the United States. 
 (d) The Servicer shall maintain accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time the status of such Receivable,
including payments and recoveries made and payments owing (and the nature of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the amounts from time to time deposited in the Collection
Account in respect of such Receivable. 
 (e) The Servicer shall maintain its computer systems so that, from and after the time
of transfer of the Receivables to the Issuer pursuant to this Agreement, the Servicer’s master computer records (including any back-up archives) that refer to a Receivable shall indicate clearly and unambiguously the interest of the Issuer and
the Indenture Trustee in such Receivable and that such Receivable is owned by the Issuer and has been pledged to the Indenture Trustee pursuant to the Indenture. Indication of the Issuer’s and the Indenture Trustee’s interest in a
Receivable shall be deleted from or modified on the Servicer’s computer systems when, and only when, such Receivable shall have been paid in full or repurchased by the Seller or purchased by the Servicer. 
 (f) If at any time the Depositor or the Servicer shall propose to sell, grant a security interest in, or otherwise transfer any interest in
any motor vehicle installment sales contract to any prospective purchaser, lender or other transferee, the Servicer shall give to such prospective purchaser, lender or other transferee computer tapes, CDs, records or printouts (including any
restored from back-up archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly and unambiguously that such Receivable has been sold and is owned by the Issuer and has been pledged to the Indenture
Trustee (unless such Receivable has been paid in full or repurchased by the Seller or purchased by the Servicer). 
 (g) The
Servicer shall permit the Trustees and their respective agents at any time during normal business hours, upon reasonable prior notice, to inspect, audit and make copies of and abstracts from the Servicer’s records regarding any Receivable.

 (h) If the Seller has repurchased one or more Receivables from the Issuer pursuant to Section 2.05 or the Servicer has
purchased one or more Receivables from the Issuer pursuant to Section 3.08, the Servicer shall, upon request, furnish to the Owner Trustee or to the Indenture Trustee, within ten Business Days, a list of all Receivables (by contract number)
then held as part of the Issuer, together with a reconciliation of such list to the Schedule of Receivables (as amended or supplemented to date) and to each of the Investor Reports furnished before such request indicating removal of Receivables from
the Issuer. 
  

 43 

 (i) The Servicer shall deliver to the Depositor and the Trustees, promptly after the
authorization and delivery of each amendment to any financing statement delivered pursuant to this Agreement, an Opinion of Counsel stating that, in the opinion of such counsel, either (A) all financing statements and continuation statements
have been authorized and filed that are necessary fully to preserve and protect the interest of the Depositor (in the case of an opinion delivered by the Servicer) or the Issuer and the Indenture Trustee (in the case of an opinion delivered by the
Depositor) in the Receivables, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given, or (B) no such action shall be necessary to preserve and protect such interest. 
 (j) The Depositor shall, to the extent required by Applicable Law, cause the Notes to be registered with the Commission pursuant to
Section 12(b) or Section 12(g) of the Exchange Act within the time periods specified in such sections. 
 Section 10.03. Notices. Unless otherwise specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the parties to this Agreement will be in writing. Notices, requests,
demands, consents and other communications will be deemed to have been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage prepaid, three days after deposit in the mail and (ii) in
the case of (a) a facsimile, when receipt is confirmed by telephone or by reply e-mail or reply facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply e-mail from the recipient and (c) an
electronic posting to a password-protected website, upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance with clauses
(ii)(b) through (ii)(c) above. Unless otherwise specified in this Agreement, any such notice, request, demand, consent or other communication will be delivered or addressed, in the case of (i) the Depositor, at 36455 Corporate
Drive, Farmington Hills, Michigan 48311, Attention: Steven C. Poling (steven.c.poling@daimler.com, telecopier: (248) 991-6962), (ii) the Seller, at 36455 Corporate Drive, Farmington Hills, Michigan 48311, Attention: Steven C.
Poling (steven.c.poling@daimler.com, telecopier: (248) 991-6962), (iii) the Servicer, at 36455 Corporate Drive, Farmington Hills, Michigan 48311, Attention: Steven C. Poling (steven.c.poling@daimler.com, telecopier:
(248) 991-6962), (iv) the Issuer or the Owner Trustee, at the Corporate Trust Office, Attention: Yvette Howell (yhowell@wilmingtontrust.com, telecopier: (302) 636-4145), (v) the Indenture Trustee, at the Corporate Trust
Office, Attention: Melissa Rosal (melissa.rosal@usbank.com, telecopier: (312) 325-8905), (vi) Standard & Poor’s, at Standard & Poor’s Ratings Services, a Division of The McGraw-Hill Companies, Inc.,
55 Water Street, New York, New York 10041, Attention: Asset Backed Surveillance Department (e-mail: Servicer_reports@sandp.com), (vii) Moody’s, at Moody’s Investors Service, Inc., ABS Monitoring Department,
7 World Trade Center, 25th Floor,
250 Greenwich Street, New York, New York 10007 (e-mail: Servicerreports@moodys.com) and (viii) as to each of the foregoing, at such other address as shall be designated by written notice to the other parties. 
  

 44 

 Section 10.04. Assignment. 
 (a) Notwithstanding anything to the contrary contained herein, except as provided in the remainder of this Section or as
provided in Sections 6.03 and 7.02, this Agreement may not be assigned by the Depositor or the Servicer without the prior written consent of the Trustees and the Holders of Notes evidencing at least 66 2/3% of the Note Balance of the Controlling Class. 

(b) The Depositor hereby acknowledges and consents to the mortgage, pledge, assignment and grant of a security interest by the Issuer to
the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Trust Property and the assignment of any or all of the Issuer’s rights and obligations
hereunder to the Indenture Trustee. 
 Section 10.05. Severability. If any one or more of the covenants, agreements,
provisions or terms of this Agreement is held invalid, illegal or unenforceable, then such covenants, agreements, provisions or terms will be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and will
in no way affect the validity, legality or enforceability of the other covenants, agreements, provisions and terms of this Agreement. 
 Section 10.06. Further Assurances. The Servicer agrees to do and perform any and all acts and to execute any and all further instruments required or reasonably requested by the other parties hereto to more fully effect the
purposes of this Agreement, including the execution of any financing statements or continuation statements relating to the Trust Estate for filing under the provisions of the UCC of any applicable jurisdiction. 
 Section 10.07. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Depositor,
either Trustee, the Noteholders or the Certificateholders, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided in this Agreement are cumulative and not exhaustive of any rights, remedies, powers and privileges
provided by law. 
 Section 10.08. Successors and Assigns; Third-Party Beneficiaries. This Agreement will inure to
the benefit of and be binding upon the parties to this Agreement, the Owner Trustee and their assigns. Except as otherwise provided in this Agreement, no other Person will have any right or obligation under this Agreement. 
 Section 10.09. Actions by Securityholders. 
 (a) Wherever in this Agreement a provision is made that an action may be taken or a notice, demand or instruction given by the Noteholders or the Certificateholders, such action, notice or instruction may
be taken or given by any Noteholder or any Certificateholder, as applicable, unless such provision requires a specific percentage of the Noteholders or the Certificateholders. 
 (b) Any request, demand, authorization, direction, notice, consent, waiver or other act by a Noteholder or a Certificateholder shall bind
such Noteholder or Certificateholder and every

  

 45 

 
subsequent Holder of the related Note or Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done
by the Owner Trustee, the Indenture Trustee or the Servicer in reliance thereon, whether or not notation of such action is made upon such Note or Certificate. 
 Section 10.10. Counterparts. This Agreement may be executed in any number of counterparts, each of which will be an original, and all of which will together constitute one and the same
instrument. 
 Section 10.11. Table of Contents and Headings. The Table of Contents and the various headings in this
Agreement are included for convenience only and will not affect the meaning or interpretation of any provision of this Agreement. 
 Section 10.12. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 10.13. No Petition. Each of the Seller, the Servicer and the Trustees covenants and agrees that it will not at any time
institute against, or join any Person in instituting against, the Issuer or the Depositor any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings, or other Proceedings under any Insolvency Law in connection with any
obligations relating to any of the Basic Documents and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Issuer during the same period. 
 Section 10.14. No Recourse. It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed
and delivered by the Owner Trustee, not individually or personally but solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on
the part of the Issuer is made and intended not as personal representations, undertakings and agreements by the Owner Trustee but is made and intended for the purpose of binding only the Issuer, (iii) nothing herein contained shall be construed
as creating any liability on the Owner Trustee, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by,
through or under the parties hereto and (iv) under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related documents. 
 Section 10.15. Servicer Payment Obligation. The Servicer shall be responsible for the payment of all fees and expenses of the Issuer and the Trustees paid by any of them in connection with any of their obligations under the
Basic Documents to obtain or maintain or cause to be obtained or maintained any required license under the (i) Maryland Vehicle Sales Finance Act or (ii) Pennsylvania Motor Vehicle Sales Finance Act. 
  

 46 

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

			
	 MERCEDES-BENZ AUTO RECEIVABLES TRUST 2009-1

		
	By:	 	 WILMINGTON TRUST COMPANY,
 not in its individual capacity but solely as Owner Trustee on behalf of the Issuer

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DAIMLER RETAIL RECEIVABLES LLC, as Depositor

		
	By:	 	  

	Name:	 	Brian Evon
	Title:	 	Vice President
		
	By:	 	  

	Name:	 	Steven C. Poling
	Title:	 	Assistant Secretary
	
	  
 DCFS USA LLC, as Servicer

		
	By:	 	  

	Name:	 	Brian Stevens
	Title:	 	Vice President and Controller
		
	By:	 	  

	Name:	 	Steven C. Poling
	Title:	 	Assistant Secretary

 Sale and Servicing Agreement 

			
	DCFS USA LLC, as Seller
		
	By:	 	  

	Name:	 	Brian Stevens
	Title:	 	Vice President and Controller
		
	By:	 	  

	Name:	 	Steven C. Poling
	Title:	 	Assistant Secretary

  

			
	Agreed and Accepted:
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 
	Name:	 	
	Title:	 	

 Sale and Servicing Agreement 

 SCHEDULE A 
 LOCATION OF RECEIVABLE FILES 
 Iron Mountain 
 1248 Avenue R 
 Grand Prairie, Texas 48089

 FDI Collateral Management 
 9750
Goethe Road 
 Sacramento, California 95827 
  

 SA-1 

 SCHEDULE B 
 ITEM 1119 PARTIES 
 None 
  

 SB-1 

 SCHEDULE C 
 SERVICING AND DISCLOSURE ITEMS 
 Schedule C 
 Part I – Servicing Criteria (To Be Addressed in the Report on Assessment of Compliance) 
 The assessment of compliance to be delivered by the Servicer shall address, at a minimum, the criteria identified below as “Applicable
Servicing Criteria”: 
  

							
	 Reg AB Reference
	  	 Servicing Criteria
	  	 Applicable Servicing
Criteria
	  	 Responsible Party

	 	  	General Servicing Considerations	  	 	  	 
				
	1122(d)(1)(i)	  	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	  		  	Servicer
				
	1122(d)(1)(ii)	  	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such
servicing activities.	  		  	Servicer
				
	1122(d)(1)(iii)	  	Any requirements in the transaction agreements to maintain a back-up Servicer for the Pool Assets are maintained.	  	N/A	  	
				
	1122(d)(1)(iv)	  	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required
by and otherwise in accordance with the terms of the transaction agreements.	  		  	Servicer
				
		  	Cash Collection and Administration	  		  	
				
	1122(d)(2)(i)	  	Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt and
identification, or such other number of days specified in the transaction agreements.	  		  	Servicer
				
	1122(d)(2)(ii)	  	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	  	N/A for Obligor disbursements.	  	Servicer
				
	1122(d)(2)(iii)	  	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as
specified in the transaction agreements.	  		  	Servicer
				
	1122(d)(2)(iv)	  	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to
commingling of cash) as set forth in the transaction agreements.	  		  	 Servicer
 Indenture Trustee

  

 SC-1 

							
	 Reg AB Reference
	  	 Servicing Criteria
	  	 Applicable Servicing
Criteria
	  	 Responsible Party

	1122(d)(2)(v)	  	Each custodial account is maintained at a federally
insured depository institution as set forth in the
transaction agreements. For purposes of this
criterion,
“federally insured depository institution” with respect to
a foreign financial institution means a foreign financial
institution that meets the requirements of Rule 13k-
1(b)(1) of the Securities Exchange Act.
	  	 	  	Indenture Trustee
				
	1122(d)(2)(vi)	  	Unissued checks are safeguarded so as to prevent unauthorized access.	  	N/A	  	
				
	1122(d)(2)(vii)	  	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These
reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone
other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in
the transaction agreements.	  		  	 Servicer
 Indenture Trustee

				
		  	Investor Remittances and Reporting	  		  	
				
	1122(d)(3)(i)	  	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.
Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements;
(C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of Pool Assets serviced by the
Servicer.	  		  	Servicer
				
	1122(d)(3)(ii)	  	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	  		  	 Servicer
 Indenture Trustee

				
	1122(d)(3)(iii)	  	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.
	  		  	Servicer
				
	1122(d)(3)(iv)	  	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	  		  	 Servicer
 Indenture Trustee

  

 SC-2 

							
	 Reg AB Reference
	  	 Servicing Criteria
	  	 Applicable Servicing
Criteria
	  	 Responsible Party

	 	  	Pool Asset Administration	  	 	  	 
				
	1122(d)(4)(i)	  	Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.	  		  	Servicer
				
	1122(d)(4)(ii)	  	Pool assets and related documents are safeguarded as required by the transaction agreements	  		  	Servicer
				
	1122(d)(4)(iii)	  	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction
agreements.	  		  	Servicer
				
	1122(d)(4)(iv)	  	Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than
two business days after receipt and identification, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset
documents.	  		  	Servicer
				
	1122(d)(4)(v)	  	The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.	  		  	Servicer
				
	1122(d)(4)(vi)	  	Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in
accordance with the transaction agreements and related pool asset documents.	  		  	Servicer
				
	1122(d)(4)(vii)	  	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted
and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	  		  	Servicer
				
	1122(d)(4)(viii)	  	Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at
least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases
where delinquency is deemed temporary (e.g., illness or unemployment).	  		  	Servicer
				
	1122(d)(4)(ix)	  	Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.	  		  	Servicer

  

 SC-3 

							
	 Reg AB Reference
	  	 Servicing Criteria
	  	 Applicable Servicing
Criteria
	  	 Responsible Party

	1122(d)(4)(x)	  	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least
an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned
to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements.	  	N/A	  	
				
	1122(d)(4)(xi)	  	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or
notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	  	N/A	  	
				
	1122(d)(4)(xii)	  	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late
payment was due to the obligor’s error or omission.	  	N/A	  	
				
	1122(d)(4)(xiii)	  	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such other number of days specified in
the transaction agreements.	  	N/A	  	
				
	1122(d)(4)(xiv)	  	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	  		  	Servicer
				
	1122(d)(4)(xv)	  	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.
	  	N/A	  	

  

 SC-4 

 Schedule C 
 Part II – Form 10-D Disclosure Items 
  

			
	FORM 10-D DISCLOSURE ITEMS
		
	Item on Form 10-D	  	Responsible Party
		
	Item 1: Distribution and Pool Performance Information	  	
		
	Information included in the Monthly Investor Report	  	 Servicer
 Administrator

		
	Any information required by 1121 which is NOT included on the Monthly Investor Report	  	Depositor
		
	 Item 2: Legal Proceedings
  
 •     Any legal Proceeding pending against the following entities or their respective
property, that is material to Certificateholders, including any Proceeding known to be contemplated by governmental authorities:
	  	
		
	 •     Issuing Entity (Trust Fund)
	  	Depositor
		
	 •     Sponsor (Seller)
	  	Seller (if a party to the Sales and Servicing Agreement) or Depositor
		
	 •     Depositor
	  	Depositor
		
	 •     Indenture Trustee
	  	Indenture Trustee
		
	 •     Administrator
	  	Administrator
		
	 •     Servicer
	  	Servicer
		
	 •     Owner Trustee
	  	Owner Trustee
		
	 •     1110(b) Originator
	  	Depositor
		
	 •     Any 1108(a)(2) Servicer (other than the Servicer or Administrator)
	  	Depositor
		
	 •     Any other party contemplated by 1100(d)(1)
	  	Depositor
		
	 Item 3: Sale of Securities and Use of Proceeds
  
 Information from Item 2(a) of Part II of Form 10-Q
  
 With respect to any sale of securities by the sponsor, depositor or issuing entity, that
are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were
not registered.
	  	Depositor
		
	 Item 4: Defaults Upon Senior Securities
  
 Information from Item 3 of Part II of Form 10-Q
  
 Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice)
	  	Administrator
		
	 Item 5: Submission of Matters to a Vote of Security Holders
  
 Information from Item 4 of Part II of Form 10-Q
	  	 Administrator
 Indenture Trustee

  

 SC-5 

			
	FORM 10-D DISCLOSURE ITEMS
		
	Item on Form 10-D	  	Responsible Party
		
	 Item 6: Significant Obligors of Pool Assets
  

Item 1112(b) – Significant Obligor Financial Information*
  
	  	Depositor
	 * This information need only be reported on the Form 10-D for the distribution period in which updated information is required
pursuant to the Item.
  
	  	
	 Item 7: Significant Enhancement Provider Information
  
 Item 1114(b)(2) – Credit Enhancement Provider Financial
 Information*
  
	  	
	 •     Determining applicable disclosure threshold
	  	Depositor
		
	 •     Requesting required financial information (including any
required accountants’ consent to the use thereof) or effecting incorporation by reference
  
	  	Depositor
	 Item 1115(b) – Derivative Counterparty Financial
 Information*
  
	  	
	 •     Determining current maximum probable exposure
	  	Depositor
		
	 •     Determining current significance percentage
	  	Depositor
		
	 •     Requesting required financial information (including any
required accountants’ consent to the use thereof) or effecting incorporation by reference
  
	  	Depositor
	 * This information need only be reported on the Form 10-D for the distribution period in which updated information is required
pursuant to the Items.
  
	  	
	 Item 8: Other Information
  
 Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported
  
	  	 Any party responsible for the applicable Form 8-K
 Disclosure item

	Item 9: Exhibits	  	
		
	 Monthly Statement to Certificateholders
  
	  	Administrator
	 Exhibits required by Item 601 of Regulation S-K, such as
 material agreements
	  	Depositor

  

 SC-6 

 Schedule C 
 Part III – Form 10-K Disclosure Items 
  

			
	 FORM 10-K DISCLOSURE ITEMS
  

	 Item on Form 10-K
  
	  	Responsible Party
	 Item 1B: Unresolved Staff Comments
	  	Depositor
		
	Item 9B: Other Information	  	Any party responsible for disclosure items on Form 8-K
		
	Item 15: Exhibits, Financial Statement Schedules	  	Depositor
		
	 Additional Item:
  
 Disclosure per Item 1117 of Reg
AB
	  	(i) All parties to the Sale and Servicing Agreement (as to themselves), (ii) the Depositor as to the issuing entity, (iii) the Depositor as to the sponsor, any 1106(b)
originator, any 1100(d)(1) party
		
	 Additional Item:
  
 Disclosure per Item 1119 of Reg
AB
	  	(i) All parties to the Sale and Servicing Agreement (as to themselves), (ii) the Depositor as to he sponsor, originator, significant obligor, enhancement or support provider

		
	 Additional Item:
  
 Disclosure per Item 1112(b) of Reg
AB
	  	Depositor/ Servicer
		
	 Additional Item:
  
 Disclosure per Items 1114(b) and 1115(b) of Reg
AB
	  	Depositor

  

 SC-7 

 Schedule C 
 Part IV – Form 8-K Disclosure (Reportable Events) 
  

			
	FORM 8-K DISCLOSURE (REPORTABLE EVENTS)
		
	Item on Form 8-K	  	Responsible Party
		
	 Item 1.01- Entry into a Material Definitive Agreement
  
 Disclosure is required regarding entry into or amendment of any definitive agreement
that is material to the securitization, even if depositor is not a party.
  
 Examples: servicing agreement, custodial agreement.
  
 Note:
disclosure not required as to definitive agreements that are fully disclosed in the prospectus.
	  	All parties as to themselves
		
	 Item 1.02- Termination of a Material Definitive Agreement
  
 Disclosure is required regarding termination of any definitive agreement that is
material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party.
  
 Examples: servicing agreement, custodial agreement.
	  	All parties as to themselves
		
	 Item 1.03- Bankruptcy or Receivership
  
 Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following:
	  	Depositor
		
	 •     Sponsor (Seller)
	  	Depositor/Sponsor (Seller)
		
	 •     Depositor
	  	Depositor
		
	 •     Servicer
	  	Servicer
		
	 •     Affiliated Servicer
	  	Servicer
		
	 •     Other Servicer servicing 20% or more of the pool assets at the time of the
report
	  	Servicer
		
	 •     Other material servicers
	  	Servicer
		
	 •     Indenture Trustee
	  	Indenture Trustee
		
	 •     Administrator
	  	Administrator
		
	 •     Significant Obligor
	  	Depositor
		
	 •     Credit Enhancer (10% or more)
	  	Depositor
		
	 •     Derivative Counterparty
	  	Depositor
		
	 •     Owner Trustee
	  	Owner Trustee
		
	 Item 2.04- Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement
  
 Includes an early amortization, performance trigger
or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule.
  
 Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders.
	  	 Depositor
 Servicer

Administrator

  

 SC-8 

			
	FORM 8-K DISCLOSURE (REPORTABLE EVENTS)
		
	Item on Form 8-K	  	Responsible Party
		
	 Item 3.03- Material Modification to Rights of Security Holders
  
 Disclosure is required of any material modification to documents defining the rights of
Certificateholders, including the Pooling and Servicing Agreement.
	  	 Administrator
 Indenture
Trustee
 Depositor

		
	 Item 5.03- Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year
  
 Disclosure is required of any amendment “to the governing documents of the issuing
entity”.
	  	Depositor
		
	Item 6.01- ABS Informational and Computational Material	  	Depositor
		
	 Item 6.02- Change of Servicer or Administrator
  
 Requires disclosure of any removal, replacement, substitution or addition of any
Servicer, affiliated servicer, and other servicer servicing 10% or more of pool assets at time of report, other material servicers or Indenture Trustee.
	  	 A change of both – Depositor
  
 A change of Servicer or Administrator -
 Servicer/Administrator/Depositor/

		
	Reg AB disclosure about any new servicer or Servicer is also required.	  	Servicer/Depositor
		
	Reg AB disclosure about any new Indenture Trustee is also required.	  	New Indenture Trustee
		
	 Item 6.03- Change in Credit Enhancement or External Support
  
 Covers termination of any enhancement in manner other than by its terms, the addition of
an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives.
	  	N/A
		
	Reg AB disclosure about any new enhancement provider is also required.	  	Depositor
		
	Item 6.04- Failure to Make a Required Distribution	  	 Servicer
 Indenture Trustee

		
	 Item 6.05- Securities Act Updating Disclosure
  
 If any material pool characteristic differs by 5% or more at the time of issuance of the
securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool.
	  	Depositor
		
	If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110
respectively.	  	Depositor
		
	Item 7.01- Reg FD Disclosure	  	Depositor

  

 SC-9 

			
	FORM 8-K DISCLOSURE (REPORTABLE EVENTS)
		
	Item on Form 8-K	  	Responsible Party
		
	 Item 8.01- Other Events
  
 Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders.

	  	Depositor
		
	Item 9.01- Financial Statements and Exhibits	  	Responsible party, as applicable, for reporting/disclosing the financial statement or exhibit

  

 SC-10 

 SCHEDULE D 
 PERFORMANCE CERTIFICATION 
 (SERVICER) 
  

	 	Re:	Mercedes-Benz Auto Receivables Trust 2009-1 

 The undersigned Servicer hereby certifies to              and its officers, directors and Affiliates (collectively, the
“Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002: 
 1. I have reviewed:

 (i) the servicer compliance statement of the Servicer provided in accordance with Item 1123 of Regulation
AB (the “Compliance Statement”); 
 (ii) the report on assessment of the Servicer’s compliance
with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); 
 (iii) the registered
public accounting firm’s attestation report provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and 
 (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the Receivables by
the Servicer during 200              that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).

 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 

3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided
to the Indenture Trustee. 
 4. I am responsible for reviewing the activities performed by DCFS USA LLC, as Servicer (the
“Servicer”) under the Sale and Servicing Agreement, dated as of October 1, 2009 (the “Agreement”), among Mercedes-Benz Auto Receivables Trust 2009-1, as issuer (the “Issuer”), Daimler Retail Receivables LLC,
as Depositor, DCFS USA LLC, as Servicer and as Seller and based on my knowledge and the compliance review conducted in preparing the

  

 SD-1 

 
Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all
material respects. 
 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the
Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the
Depositor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. 
 Capitalized
terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. 
 Date:
                     
  

			
	DCFS USA LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 SD-2 

 EXHIBIT A 
 REPRESENTATIONS AND WARRANTIES AS TO THE RECEIVABLES 
 The following
representations and warranties shall be made in respect of the Receivables being transferred to the Issuer on the Closing Date as of the Cutoff Date. 
 (i) Characteristics of Receivables. Each Receivable (A) was originated in the United States by the Seller or a Dealer located in the United States for the retail sale of a Financed Vehicle in
the ordinary course of the Seller’s or the applicable Dealer’s business in accordance with the Seller’s credit policies as of the date of origination or acquisition of the related Receivable, is payable in United States dollars, has
been fully and properly executed by the parties thereto, if not originated by the Seller, has been purchased by the Seller from such Dealer under an existing Dealer Agreement (or approved form of assignment) and has been validly assigned by such
Dealer to the Seller, (B) has created a valid, subsisting and enforceable first priority security interest in favor of the Seller in the Financed Vehicle, which security interest shall be perfected and prior to any other interest in such
Financed Vehicle, and which security interest is assignable by the Seller and reassignable by the assignee, (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization
against the collateral of the benefits of the security, (D) shall, except as otherwise provided in the Sale and Servicing Agreement, provide for level Monthly Payments (provided that the payment in the first or last month in the life of the
Receivable may be minimally different from the level payment) that fully amortize the Amount Financed over its original term and shall provide for a finance charge or shall yield interest at its APR, (E) shall provide for, in the event that
such Receivable is prepaid, a prepayment that fully pays the Principal Balance and includes accrued but unpaid interest at least through the date of prepayment in an amount calculated by using an interest rate at least equal to its APR, (F) is
a Simple Interest Receivable, (G) is due from an Obligor with a mailing address within the United States or its territories, and (H) to the best of the Seller’s knowledge, is not assumable by another Person in a manner which would
release the Obligor thereof from such Obligor’s obligations to the Seller with respect to such Receivable. 
 (ii)
Schedule of Receivables. The information set forth in the Schedule of Receivables shall be true and correct in all material respects as of the close of business on the Cutoff Date, and the Receivables were selected (a) from those motor
vehicle receivables of the Seller which met the selection criteria set forth in this Agreement and (b) using selection procedures, believed by the Seller, not to be adverse to the Noteholders. 
 (iii) Compliance with Law. Each Receivable complied at the time it was originated or made, and at the Closing Date complies, in all
material respects with all requirements of applicable federal, State and, to the best knowledge of the Seller, local laws, rulings and regulations thereunder (including usury laws). 
 (iv) Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the
related Obligor, enforceable by the holder thereof in accordance with its terms, except as (A) enforceability thereof may be limited by bankruptcy,

  

 A-1 

 
insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of
whether such enforceability is considered in a Proceeding in equity or at law and (B) such Receivable may be modified by the application after the Cutoff Date of the Servicemembers Civil Relief Act or by any similar applicable State law.

 (v) No Government Obligor. No Receivable is due from the United States or any State or any agency, department,
subdivision or instrumentality thereof. 
 (vi) Obligor Bankruptcy. To the best of the Seller’s knowledge, at the
Cutoff Date, no Obligor is the subject of a bankruptcy Proceeding. 
 (vii) Security Interest in Financed Vehicles.
Immediately prior to the transfer of the Receivables by the Seller to the Depositor, each Receivable was secured by a valid, binding and enforceable first priority perfected security interest in favor of the Seller in the related Financed Vehicle,
which security interest has been validly assigned by the Seller to the Depositor. The Servicer has received, or will receive within 180 days after the Closing Date, the original certificate of title for each Financed Vehicle or notice from the
applicable State entity issuing such certificate of title, that such certificate of title is being processed (other than any Financed Vehicle that is subject to a certificate of title statute or motor vehicle registration law that does not require
that the original certificate of title for such Financed Vehicle be delivered to the Seller). 
 (viii) Receivables in
Force. No Receivable shall have been satisfied, subordinated or rescinded, nor shall any Financed Vehicle have been released in whole or in part from the Lien granted by the related Receivable. 
 (ix) No Waivers. No provision of a Receivable shall have been waived in such a manner that such Receivable fails to meet all of the
other representations and warranties made by the Seller herein with respect thereto. 
 (x) No Amendments. No Receivable
shall have been amended or modified in such a manner that the total number of Monthly Payments has been increased or decreased or that the related Amount Financed has been increased or decreased or that such Receivable fails to meet all of the other
representations and warranties made by the Seller herein with respect thereto. 
 (xi) No Defenses. No Receivable is
subject to any right of rescission, setoff, counterclaim or defense, including the defense of usury, and the operation of any of the terms of any Receivable, or the exercise of any right thereunder, will not render such Receivable unenforceable in
whole or in part or subject to any right of rescission, setoff, counterclaim or defense, including the defense of usury, and the Seller has not received written notice of the assertion with respect to any Receivable of any such right of rescission,
setoff, counterclaim or defense. 
 (xii) No Liens. No Liens or claims shall have been filed, including Liens for work,
labor or materials or for unpaid local, State or federal taxes relating to any Financed Vehicle that shall be prior to, or equal or coordinate with, the security interest in such Financed Vehicle granted by the related Receivable. 
  

 A-2 

 (xiii) No Defaults; Repossessions. Except for payment defaults that, as of the Cutoff
Date, have been continuing for a period of not more than 30 days, no default, breach or violation under the terms of any Receivable, permitting acceleration, shall have occurred as of the Cutoff Date and no continuing condition that with notice
or the lapse of time or both would constitute a default, breach or violation under the terms of any Receivable, permitting acceleration, shall have arisen; and the Seller shall not have waived any of the foregoing except as otherwise permitted
hereunder. On or prior to the Cutoff Date, no Financed Vehicle has been repossessed. 
 (xiv) Insurance. Each Receivable
requires the related Obligor to obtain physical damage insurance covering the related Financed Vehicle and to maintain such insurance. 
 (xv) Title. It is the intention of the Seller that the transfers and assignments contemplated by the Receivables Purchase Agreement constitute a sale of the Receivables from the Seller to the Purchaser and that the beneficial
interest in and title to the Receivables not be part of the debtor’s estate in the event of the appointment of a receiver or conservator for the Seller under any receivership, bankruptcy law, insolvency or banking law; no Receivable has been
sold, transferred, assigned or pledged by the Seller to any Person other than the Purchaser; immediately prior to the transfer and assignment contemplated by the Receivables Purchase Agreement, the Seller had good and marketable title to each
Receivable free and clear of all Liens and rights of others, except for Liens that shall be released on or before the Closing Date; immediately upon the transfer and assignment thereof, the Purchaser shall have good and marketable title to each
Receivable, free and clear of all Liens and rights of others; and the transfer and assignment herein contemplated has been perfected under the UCC. 
 (xvi) Lawful Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer, assignment and conveyance of such Receivable under the
Receivables Purchase Agreement or the Sale and Servicing Agreement or the pledge of such Receivables hereunder, thereunder or under the Indenture is unlawful, void or voidable or under which such Receivable would be rendered void or voidable as a
result of any such sale, transfer, assignment, conveyance or pledge. The Seller has not entered into any agreement with any account debtor that prohibits, restricts or conditions the assignment of the Receivables. 
 (xvii) All Filings Made. All filings (including UCC filings) necessary in any jurisdiction to give the Purchaser, the Issuer and the
Indenture Trustee a first priority security interest in the Receivables shall have been made or will be made on the Closing Date. 
 (xviii) One Original. There shall be only one original executed copy of each Receivable. 
 (xix) Location of
Receivable Files. Each Receivable File shall be kept at one of the locations listed in Schedule A. 
 (xx) Custodial
Agreements. Immediately prior to the transfer of the Receivables by the Seller to the Purchaser, the Purchaser, an Affiliate of the Purchaser or an agent on behalf of the Purchaser had possession of the Receivable Files and there were no, and
there will not be, any custodial agreements in effect affecting the right or ability of the Purchaser to make, or cause to be made, any delivery required under this Agreement. 
  

 A-3 

 (xxi) Bulk Transfer Laws. The transfer of the Receivables and the Receivable Files by
the Seller to the Purchaser pursuant to this Agreement is not subject to the bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction. 
 (xxii) Principal Balance. As of the Cutoff Date, each Receivable had a remaining Principal Balance of not more than $196,605.80 and
not less than $2,002.16. 
 (xxiii) New and Used Vehicles. Based on Cutoff Date Pool Balance, approximately 64.17% of the
Receivables were secured by new Financed Vehicles and approximately 35.83% of the Receivables were secured by used Financed Vehicles. 
 (xxiv) Original Term to Maturity. Each Receivable had an original term to maturity of not more than 72 months and not less than 24 months and, based on the number of remaining Monthly Payments, a remaining term to maturity
as of the Cutoff Date, of not more than 72 months and not less than three months. 
 (xxv) Weighted Average Remaining Term to
Maturity. As of the Cutoff Date, based on the number of remaining Monthly Payments, the weighted average remaining term to maturity of the Receivables was approximately 50.18 months. 
 (xxvi) Annual Percentage Rate. Each Receivable has an APR of at least 0.99% and not more than 17.95% and the weighted average APR of
the Receivables as of the Cutoff Date was approximately 4.32%. 
 (xxvii) Simple Interest Method. All payments with
respect to the Receivables have been allocated consistently in accordance with the Simple Interest Method. 
 (xxviii)
Marking Records. As of the Closing Date, the Seller will have caused its computer and accounting records relating to each Receivable to be marked to show that the Receivables have been sold to the Purchaser by the Seller and transferred and
assigned by the Purchaser to the Issuer in accordance with the terms of the Sale and Servicing Agreement and pledged by the Issuer to the Indenture Trustee in accordance with the terms of the Indenture. 
 (xxix) Chattel Paper. Each Receivable constitutes “tangible chattel paper” within the meaning of the UCC as in effect in
the State of origination. 
 (xxx) Final Scheduled Distribution Date. No Receivable has a final scheduled payment date
later than six months prior to the Class A-4 Final Scheduled Distribution Date. 
 (xxxi) No Fleet Sales. None of
the Receivables have been included in a “fleet” sale (i.e., a sale to any single Obligor of more than seven Financed Vehicles). 
 (xxxii) No Fraud or Misrepresentation. Each Receivable that was originated by a Dealer and was sold by the Dealer to the Seller, to the best of the Seller’s knowledge, was so originated and
sold without fraud or misrepresentation on the part of such Dealer in either case. 
  

 A-4 

 (xxxiii) No Impairment. The Seller has not done anything to convey any right to any
Person that would result in such Person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor in any Receivable or the proceeds thereof. 
 (xxxiv) Servicing. Each Receivable has been serviced in conformity with all Applicable Laws, rules and regulation and in conformity
with the Seller’s policies and procedures which are consistent with customary, prudent industry standards. 
 (xxxv) No
Consent. To the best of the Seller’s knowledge, no notice to or consent from any Obligor is necessary to effect the acquisition of the Receivables by the Purchaser or the Issuer or the pledge of the Receivables by the Issuer to the
Indenture Trustee. 
 (xxxvi) FICO Score. The weighted average FICO score of the Receivables as of the Cutoff Date (based
on the FICO score recorded at the respective dates of origination of such Receivables, assigning those Receivables without a FICO score at the time of application the minimum FICO score of 300) was approximately 756.56. The FICO score with respect
to any Receivable with co-obligors is the higher of each obligor’s FICO score at the time of application. 
  

 A-5 

 EXHIBIT B 
 FORM OF INVESTOR REPORT 
  

																			
	 Mercedes-Benz Auto Receivables Trust 2009-1
  
 Investor Report
  
 Collection Period ended
  
	 	Page 1 of 6  

							
	 	 	 	 	 	 	 	 	 	 	 	 	 	Amounts in USD
							
	 Dates
	 			 				 			 			 			 	
							
	 Collection Period No.
	 			 				 			 			 			 	
	 Collection Period (from...to)
	 			 				 			 			 			 	
	 Determination Date
	 			 				 			 			 			 	
	 Record Date
	 			 				 			 			 			 	
	 Distribution Date
	 			 				 			 			 			 	
	 Interest Period of the Class A-1 Note
	 			 				 			 			 	 	Actual/360 Days	 	
	 Interest Period of the A-2, A-3 and A-4 Notes
	 			 				 			 			 	 	30/360 Days	 	
							
	 Summary
	 			 				 			 			 			 	
							
	 	 	Initial Balance	 	Beginning Balance	 	 	Ending Balance	 	Principal Payment	 	Principal per $1000
Face Amount	 	Note Factor
	 Class A-1 Notes (CUSIP #58942BAA2)
	 	$	 	 	$	 	  	 	$	 	 	$	 	 	$	 	 	
	 Class A-2 Notes (CUSIP #58942BAB0)
	 	$	 	 	$	 	  	 	$	 	 	$	 	 	$	 	 	
	 Class A-3 Notes (CUSIP #58942BAC8)
	 	$	 	 	$	 	  	 	$	 	 	$	 	 	$	 	 	
	 Class A-4 Notes (CUSIP #58942BAD6)
	 	$	 	 	$	 	  	 	$	 	 	$	 	 	$	 	 	
		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Total Note Balance
	 	$	 	 	$	 	  	 	$	 	 	$	 	 			 	
		 	 	 	 	 	 	 	 	 	 	 			 			 	
	 Overcollateralization
	 	$	 	 	$	 	  	 	$	 	 			 			 	
	 Adjusted Pool Balance
	 	$	 	 	$	 	  	 	$	 	 			 			 	
	 Yield Supplement Overcollateralization Amount
	 	$	 	 	$	 	  	 	$	 	 			 			 	
		 	 	 	 	 	 	 	 	 	 	 			 			 	
	 Pool Balance
	 	$	 	 	$	 	  	 	$	 	 			 			 	
							
	 	 	Amount	 	Percentage	 	 	 	 	 	 	 	 	 
	 Initial Overcollateralization Amount
	 	$	 	 	 	 	% 	 			 			 			 	
	 Target Overcollateralizaton Amount
	 	$	 	 	 	 	% 	 			 			 			 	
	 Current Overcollateralization Amount
	 	$	 	 	 	 	% 	 			 			 			 	
		 	 	 	 	 	 	 	 			 			 			 	

  

 B-1 

																	
	 Mercedes-Benz Auto Receivables Trust 2009-1
  
 Investor Report
  
 Collection Period ended
  
	 	   
	Page 2 of 6  

						
		 				 			 			 			 	 	Amounts in USD
						
	 	 	Interest Rate	 	 	Interest Payment	 	Interest per $1000
Face Amount	 	Interest & Principal
Payment	 	Interest & Principal
Payment per $1000
Face Amount
	 Class A-1 Notes
	 	 	 	% 	 	$	            	 	$	            	 	$	            	 	$	            
	 Class A-2 Notes
	 	 	 	% 	 	$	 	 	$	 	 	$	 	 	$	 
	 Class A-3 Notes
	 	 	 	% 	 	$	 	 	$	 	 	$	 	 	$	 
	 Class A-4 Notes
	 	 	 	% 	 	$	 	 	$	 	 	$	 	 	$	 
		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Total Interest
	 				 	$	 	 			 	$	 	 		
						
	 Available Funds
	 				 			 			 			 		
						
	 Principal Collections
	 	$	            	  	 			 			 			 		
	 Interest Collections
	 	$	 	  	 			 			 			 		
	 Net Liquidation Proceeds
	 	$	 	  	 			 			 			 		
	 Recoveries
	 	$	 	  	 			 			 			 		
	 Purchase Amounts
	 	$	 	  	 			 			 			 		
	 Advances made by the Servicer
	 	$	 	  	 			 			 			 		
	 Investment Earnings
	 	$	 	  	 			 			 			 		
		 	 	 	 	 			 			 			 		
	 Available Collections
	 	$	 	  	 			 			 			 		
	 Reserve Fund Draw Amount
	 	$	 	  	 			 			 			 		
		 	 	 	 	 			 			 			 		
	 Available Funds
	 	$	 	  	 			 			 			 		
		 	 	 	 	 			 			 			 		
						
	 Distribution
	 				 			 			 			 		
						
	 (1) Total Servicing Fee
	 	$	 	  	 			 			 			 		
	 Nonrecoverable Advances to the Servicer
	 	$	 	  	 			 			 			 		
	(2) Total Trustee Fees (max. $100,000 p.a.)	 	$	 	  	 			 			 			 		
	(3) Interest Distributable Amount to Class A Notes	 	$	 	  	 			 			 			 		
	(4) Priority Principal Distributable Amount	 	$	 	  	 			 			 			 		
	(5) To Reserve Fund to reach the Reserve Fund Required Amount	 	$	 	  	 			 			 			 		
	(6) Regular Principal Distributable Amount	 	$	 	  	 			 			 			 		
	(7) Additional Servicing Fee and Transition Costs	 	$	 	  	 			 			 			 		
	(8) Total Trustee Fees [not previously paid under (2)]	 	$	 	  	 			 			 			 		
	 (9) Excess Collections to Certificateholders
	 	$	 	  	 			 			 			 		
		 	 	 	 	 			 			 			 		
	 Total Distribution
	 	$	 	  	 			 			 			 		
		 	 	 	 	 			 			 			 		

  

 B-2 

												
	 Mercedes-Benz Auto Receivables Trust 2009-1
  
 Investor Report
  
 Collection Period ended
  
	  	Page 3 of 6  

					
	 	  	 	  	 	  	 	  	Amounts in USD
					
	 Distribution Detail
	  			  			  			  	
					
	 	  	        Due        	  	        Paid        
	  	    Shortfall    	  	 
	 Total Servicing Fee
	  	$	 	  	$	 	  	$	 	  	
	 Total Trustee Fees
	  	$	 	  	$	 	  	$	 	  	
		  	 	 	  	 	 	  	 	 	  	
					
	 Monthly Interest Distributable Amount
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-1 Notes
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-2 Notes
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-3 Notes
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-4 Notes
	  	$	 	  	$	 	  	$	 	  	
	 Interest Carryover Shortfall Amount
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-1 Notes
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-2 Notes
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-3 Notes
	  	$	 	  	$	 	  	$	 	  	
	 thereof on Class A-4 Notes
	  	$	 	  	$	 	  	$	 	  	
		  	 	 	  	 	 	  	 	 	  	
	 Total Interest Distributable Amount to Class A Notes
	  	$	 	  	$	 	  	$	 	  	
		  	 	 	  	 	 	  	 	 	  	
					
	 Priority Principal Distributable Amount
	  	$	 	  	$	 	  	$	 	  	
	 Regular Principal Distributable Amount
	  	$	 	  	$	 	  	$	 	  	
		  	 	 	  	 	 	  	 	 	  	
	 Aggregate Principal Distributable Amount
	  	$	 	  	$	 	  	$	 	  	
		  	 	 	  	 	 	  	 	 	  	
					
	Reserve Fund and Investment Earnings	  			  			  			  	
					
	Reserve Fund	  			  			  			  	
					
	 Reserve Fund Required Amount
	  	$	 	  			  			  	

  

 B-3 

														
	 Mercedes-Benz Auto Receivables Trust 2009-1
  
 Investor Report
  
 Collection Period ended
  
	 	Page 4 of 6  

							
		 			 		 		 		 		 	Amounts in USD
							
	 Reserve Fund Amount – Beginning Balance
	 	$	    	 		 		 		 		 	
		 	 	 	 		 		 		 		 	
	 plus top up Reserve Fund up to the Required Amount
	 	$	 	 		 		 		 		 	
	 plus Net Investment Earnings for the Collection Period
	 	$	 	 		 		 		 		 	
	 minus Net Investment Earnings
	 	$	 	 		 		 		 		 	
	 minus Reserve Fund Draw Amount
	 	$	 	 		 		 		 		 	
		 	 	 	 		 		 		 		 	
	 Reserve Fund Amount – Ending Balance
	 	$	 	 		 		 		 		 	
							
	 Reserve Fund Amount Deficiency
	 	$	 	 		 		 		 		 	
							
	 Investment Earnings
	 			 		 		 		 		 	
							
	 Net Investment Earnings on the Reserve Fund
	 	$	 	 		 		 		 		 	
	 Net Investment Earnings on the Collection Account
	 	$	 	 		 		 		 		 	
		 	 	 	 		 		 		 		 	
	 Investment Earnings for the Collection Period
	 	$	 	 		 		 		 		 	

  

 B-4 

																	
	 Mercedes-Benz Auto Receivables Trust 2009-1
  
 Investor Report
  
 Collection Period ended
  
  
	 	Page 5 of 6  
  

							
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amounts in USD
							
	 Pool Statistics
	 				 			 			 		 		 	
							
	 Pool Data
	 				 			 			 		 		 	
							
	 	 	Amount	 	 	Number of
Receivables	 	 	 	 	 	 	 	 	 	 
	 Cutoff Date Pool Balance
	 	 	1,259,956,118.34	  	 	43,055	  	 			 		 		 	
							
	 Pool Balance beginning of Collection Period
	 	$	 	  	 			 			 		 		 	
		 	 	 	 	 	 	 	 			 		 		 	
	 Principal Collections
	 	$	 	  	 			 			 		 		 	
	 Principal Collections attributable to Full Pay-offs
	 	$	 	  	 			 			 		 		 	
	 Principal Purchase Amounts
	 	$	 	  	 			 			 		 		 	
	 Principal Gross Losses on Defaulted Receivables
	 	$	 	  	 			 			 		 		 	
		 	 	 	 	 	 	 	 			 		 		 	
	 Pool Balance end of Collection Period
	 	$	 	  	 			 			 		 		 	
							
	 	 	As of the Cutoff Date	 	 	Current	 	 	 	 	 	 	 	 	 	 
	 Weighted Average APR
	 	 	 	% 	 	 	% 	 			 		 		 	
	 Weighted Average Number of Remaining Payments (months)
	 				 			 			 		 		 	
	 Weighted Average Seasoning (months)
	 				 			 			 		 		 	
							
	 Delinquency Profile *
	 				 			 			 		 		 	
	 	 	Amount	 	 	Number of
Receivables	 	 	Percentage	 	 	 	 	 	 	 
	 Current
	 	$	 	  	 			 	 	% 	 		 		 	
	 31-60 Days Delinquent
	 	$	 	  	 			 	 	% 	 		 		 	
	 61-90 Days Delinquent
	 	$	 	  	 			 	 	% 	 		 		 	
	 91-120 Days Delinquent
	 	$	 	  	 			 	 	% 	 		 		 	
		 	 	 	 	 	 	 	 	 	 	 		 		 	
	 Total
	 	$	 	  	 			 	100	% 	 		 		 	
	
	  
 * A receivable is not considered delinquent if the amount past due is less than 10% of the payment due under such receivable

							
	 Credit Losses
	 				 			 			 		 		 	
							
	 	 	Current	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Principal Gross Losses on Defaulted Receivables
	 	$	 	  	 			 			 		 		 	
	 Principal Net Liquidation Proceeds
	 	$	 	  	 			 			 		 		 	
	 Principal Recoveries
	 	$	 	  	 			 			 		 		 	

  

 B-5 

													
	 Mercedes-Benz Auto Receivables Trust 2009-1
  
 Investor Report
  
 Collection Period ended
  
	 	Page 6 of 6  

							
		 		 		 		 		 		 	Amounts in USD
							
	Principal Net Losses on Defaulted Receivables	 	$	 		 		 		 		 	
	 Cumulative Principal Net Losses
	 	$	 		 		 		 		 	
	 Cumulative Principal Net Loss as % of Cutoff Date Pool Balance
	 	%	 		 		 		 		 	
							
	 Notices to Investors
	 		 		 		 		 		 	

  

 B-6 

 APPENDIX A 
 USAGE AND DEFINITIONS 
 USAGE 
 The following rules of construction and usage are applicable to this Appendix and to any agreement that incorporates this Appendix and any
certificate or other document made or delivered pursuant to any such agreement: 
 (a) All terms defined in this
Appendix, unless otherwise defined in any agreement that incorporates this Appendix or any certificate or other document made or delivered pursuant to any such agreement, have the meanings assigned in this Appendix. 
 (b) Accounting terms not defined in this Appendix or in any such agreement, certificate or other document, and
accounting terms partly defined in this Appendix or in any such agreement, certificate or other document, to the extent not defined, have the respective meanings given to them under International Financial Reporting Standards as in effect on
the date of such agreement, certificate or other document. To the extent that the definitions of accounting terms in this Appendix or in any such agreement, certificate or other document are inconsistent with the meanings of such terms under
International Financial Reporting Standards, the definitions contained in this Appendix or in any such agreement, certificate or other document will control. 
 (c) References to words such as “this Agreement”, “herein”, “hereof” and the like shall refer
to an agreement that incorporates this Appendix as a whole and not to any particular part, Article or Section within such agreement. References in an agreement to “Article”, “Section”, “Exhibit”, “Schedule”,
“subsection” or another subdivision or to an attachment are, unless otherwise specified, to an article, section, exhibit, schedule, subsection or other subdivision of or an attachment to such agreement. The term “or” means
“and/or” and the term “including” means “including without limitation”. 
 (d) The
definitions contained in this Appendix are equally applicable to both the singular and plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. 
 (e) Any agreement or statute defined or referred to in this Appendix or in any agreement that incorporates this
Appendix means such agreement or statute as from time to time amended, modified, supplemented or replaced, including (in the case of agreements) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes
and includes (in the case of agreements) references to all attachments thereto and instruments incorporated therein and (in the case of statutes) any rules and regulations promulgated thereunder and any judicial and administrative interpretations
thereof. 
 (f) References to a Person are also to its permitted successors and assigns. 
  

 AA-1 

 (g) References to deposits, transfers and payments of any amounts refer to
deposits, transfers or payments of such amounts in immediately available funds; and the term “proceeds” has the meaning ascribed to such term in the UCC. 
 (h) Except where “not less than zero” or similar language is indicated, amounts determined by reference to a
mathematical formula may be positive or negative. 
 DEFINITIONS 
 “Account Collateral” means, with respect to each Account, such Account, together with all cash, securities, Financial
Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount. 
 “Accountants” means a firm of independent public accountants. 
 “Accounts” means the Collection Account, the Note Payment Account and the Reserve Fund. 
 “Act” has the meaning specified in Section 11.03(a) of the Indenture. 
 “Additional Servicing Fee” means, for any Collection Period, if a Successor Servicer is appointed pursuant to
Section 7.02 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such Successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

 “Adjusted Pool Balance” means, as of any day, the Pool Balance minus the Yield Supplement
Overcollateralization Amount for such day. 
 “Administration Agreement” means the Administration Agreement,
dated as of October 1, 2009, among the Administrator, the Issuer, the Depositor and the Indenture Trustee. 
 “Administrator” means DCFS USA, in its capacity as administrator under the Administration Agreement, and its successors in such capacity. 
 “Advance” has the meaning specified in Section 4.06(a) of the Sale and Servicing Agreement. 
 “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under direct or indirect common control with such Person. For purposes
of this definition, “control”, when used with respect to any Person, means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Aggregate Principal Distributable Amount” means, with respect to any Distribution Date, the Priority Principal Distributable Amount and the Regular Principal Distributable Amount. 
  

 AA-2 

 “Amount Financed” means, with respect to any Receivable, the aggregate
amount advanced under such Receivable toward the purchase price of the related Financed Vehicle and any related costs, including accessories, insurance premiums, service and warranty contracts and other items customarily financed as part of a motor
vehicle retail installment sale contract or installment loan. 
 “Applicable Law” means all applicable laws,
ordinances, judgments, decrees, injunctions, writs and orders of any Governmental Authority and rules, regulations, orders, interpretations, licenses and permits of any Governmental Authority. 
 “Applicants” has the meaning specified in Section 3.07 of the Trust Agreement. 
 “APR” means, with respect to any Receivable, the annual percentage rate of interest stated in such Receivable. 

“Authenticating Agent” means each Person appointed as an authenticating agent pursuant to Section 2.15 of the
Indenture. 
 “Authorized Newspaper” means a newspaper of general circulation in The City of New York, printed
in the English language and customarily published on each Business Day, whether or not published on Saturdays, Sundays and holidays. 
 “Authorized Officer” means, with respect to (i) the Issuer, any officer of the Owner Trustee who is authorized to act for or on behalf of the Owner Trustee in matters relating to the Issuer and who is identified on the
list of authorized officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter), as well as the president, any Vice President, the treasurer, any
assistant treasurer, the secretary or any assistant secretary of the Depositor and, for so long as the Administration Agreement is in effect, any Vice President or more senior officer of the Administrator who is authorized to act for the
Administrator in matters relating to the Issuer and to be acted upon by the Administrator pursuant to the Administration Agreement and who is identified on the list of authorized officers delivered by the Administrator to the Indenture Trustee on
the Closing Date (as such list may be modified or supplemented from time to time thereafter) and (ii) any other Person, any president, Vice President, treasurer, assistant treasurer, secretary, assistant secretary or any other officer of such
Person who customarily performs functions similar to those performed by any of the foregoing having direct responsibility for the administration of the Basic Documents and also, with respect to a particular matter, any other officer to whom such
matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 
 “Available Collections” means, for any Distribution Date and the related Collection Period, the sum of (i) all Obligor payments received by the Servicer with respect to the Receivables during the related Collection
Period after the Cutoff Date (other than amounts comprising the Supplemental Servicing Fee), (ii) all Net Liquidation Proceeds, Insurance Proceeds (with respect to Receivables that are not Defaulted Receivables), Recoveries and Dealer Recourse
received with respect to the Receivables during such Collection Period, (iii) interest and other income (net of losses and investment expenses) on amounts on deposit in

  

 AA-3 

 
the Reserve Fund and, in the event that collections on or in respect of the Receivables are required to be deposited by the Servicer into the Collection Account on a daily basis pursuant to
Section 4.03 of the Sale and Servicing Agreement, the Collection Account, (iv) the aggregate Purchase Amounts deposited in the Collection Account on the related Deposit Date and (v) all Advances deposited into the Collection Account
by the Servicer on the related Deposit Date; provided, however, that Available Collections shall not include any payments or other amounts (including Net Liquidation Proceeds and Recoveries) received with respect to any (a) Purchased
Receivable, the Purchase Amount for which was included in Available Collections for a previous Distribution Date and (b) Receivable to the extent that the Servicer has made an unreimbursed Advance with respect to such Receivable and is entitled
to reimbursement from payments in respect of such Receivables or other Receivables or other amounts pursuant to Section 4.07 of the Sale and Servicing Agreement. 
 “Available Funds” means, with respect to any Distribution Date, the sum of (i) Available Collections and (ii) the Reserve Fund Draw Amount, if any. 
 “Bankruptcy Code” means Title 11 of the United States Code, 11 U.S.C. § 101 et seq. 
 “Basic Documents” means the Sale and Servicing Agreement, the Administration Agreement, the Indenture, the Note Depository
Agreement, the Receivables Purchase Agreement and the Trust Agreement. 
 “Benefit Plan” means
(i) employee benefit plans (as defined in Section 3(3) of ERISA) that are subject to Title I of ERISA, (ii) plans described in Section 4975(e)(1) of the Code, including individual retirement accounts or Keogh Plans, that are
not exempt under Section 4975(g) of the Code, and (iii) any entities whose underlying assets include plan assets by reason of a plan’s investment in such entities. 
 “Book-Entry Notes” means a beneficial interest in the Notes, ownership and transfers of which shall be made through book
entries by a Clearing Agency as described in Section 2.10 of the Indenture. 
 “Business Day” means any
day other than a Saturday, a Sunday or a day on which banking institutions or trust companies in New York, New York, Wilmington, Delaware, Detroit, Michigan or St. Paul, Minnesota are authorized by law, regulation or executive order to be
closed. 
 “Certificate” means a certificate evidencing the beneficial interest of a Certificateholder in the
Owner Trust Estate, substantially in the form of Exhibit A to the Trust Agreement. 
 “Certificate of Trust”
means the Certificate of Trust substantially in the form of Exhibit B to the Trust Agreement filed for the Issuer pursuant to Section 3810(a) of the Statutory Trust Statute. 
 “Certificate Percentage Interest” means, with respect to a Certificate, the percentage specified on such Certificate as the
Certificate Percentage Interest, which percentage represents the beneficial interest of the holder of such Certificate in the Issuer. The initial Certificate Percentage Interest held by the Depositor shall be 100%. 
  

 AA-4 

 “Certificate Register” and “Certificate Registrar” shall
have the respective meanings specified in Section 3.04(a) of the Trust Agreement. 
 “Certificateholder”
means a Person in whose name a Certificate is registered on the Certificate Register. 
 “Certification
Parties” means, collectively, the Certifying Person and the entity for which the Certifying Person acts as an officer, and such entity’s officers, directors and Affiliates. 
 “Certifying Person” means an individual who signs the Sarbanes-Oxley Certification. 
 “Class” means a class of Notes, which may be the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes
or the Class A-4 Notes, as the context may require. 
 “Class A Noteholder” means the Person in whose name
a Class A Note is registered in the Note Register. 
 “Class A Notes” means the Class A-1 Notes,
the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes. 
 “Class A-1 Final Scheduled Distribution
Date” means October 15, 2010 Distribution Date. 
 “Class A-1 Interest Rate” means
0.26670% per annum (computed on the basis of the actual number of days in the related Interest Period divided by 360). 
 “Class A-1 Notes” means $312,000,000 aggregate principal amount of the Issuer’s 0.26670% Class A-1 Asset Backed Notes, substantially in the form of Exhibit A to the Indenture. 
 “Class A-2 Final Scheduled Distribution Date” means the March 15, 2012 Distribution Date. 
 “Class A-2 Interest Rate” means 0.83% per annum (computed on the basis of a 360-day year consisting of twelve
30-day months). 
 “Class A-2 Notes” means $279,000,000 aggregate principal amount of the Issuer’s
0.83% Class A-2 Asset Backed Notes, substantially in the form of Exhibit A to the Indenture. 
 “Class A-3 Final Scheduled Distribution Date” means the January 15, 2014 Distribution Date. 
 “Class A-3 Interest Rate” means 1.67% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months). 
 “Class A-3 Notes” means $445,000,000 aggregate principal amount of the Issuer’s 1.67% Class A-3 Asset Backed Notes, substantially in the form of Exhibit A to the
Indenture. 
 “Class A-4 Final Scheduled Distribution Date” means the March 15, 2016 Distribution
Date. 
  

 AA-5 

 “Class A-4 Interest Rate” means 2.43% per annum (computed on the
basis of a 360-day year consisting of twelve 30-day months). 
 “Class A-4 Notes” means $45,570,000
aggregate principal amount of the Issuer’s 2.43% Class A-4 Asset Backed Notes, substantially in the form of Exhibit A to the Indenture. 
 “Clearing Agency” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act, which initially shall be The Depository Trust
Company. 
 “Clearing Agency Custodian” means the Indenture Trustee, as custodian for the Clearing Agency.

 “Clearing Agency Participant” means a broker, dealer, bank, other financial institution or other Person for
whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 
 “Closing Date” means October 9, 2009. 
 “Code” means the Internal Revenue Code
of 1986 and the Treasury Regulations promulgated thereunder. 
 “Collateral” has the meaning specified in the
Granting Clause of the Indenture. 
 “Collection Account” means the account designated as such, and established
and maintained pursuant to Section 4.01(a) of the Sale and Servicing Agreement. 
 “Collection Period”
means, with respect to any Distribution Date, the immediately preceding calendar month (or, in the case of the first Collection Period, the period from but excluding the Cutoff Date to and including the last day of the calendar month immediately
preceding the calendar month in which the first Distribution Date occurs). 
 “Commission” means the United
States Securities and Exchange Commission. 
 “Control” has the meaning specified in Section 8-106 of the
UCC. 
 “Controlling Class” means the Class A Notes. 
 “Corporate Trust Office” means, with respect to (i) the Indenture Trustee, the office of the Indenture Trustee at
which at any particular time its corporate trust business shall be administered, which office at the date of execution of the Indenture is located at 209 South LaSalle Street, Suite 300, Chicago, IL 60604, Attention: Structured Finance –
Mercedes-Benz Auto Receivables Trust 2009-1, or at such other address as the Indenture Trustee may designate from time to time by written notice to the Noteholders and the Issuer, or the principal corporate trust office of any successor Indenture
Trustee at the address designated by such successor Indenture Trustee by written notice to the Noteholders and the Issuer or (ii) the Owner Trustee, the principal corporate trust office of the Owner Trustee located at 1100 North Market Street,
Rodney Square North, Wilmington, Delaware 19890-1605, Attention: Corporate Trust Administration, or at such other address as the Owner Trustee may designate from time to time

  

 AA-6 

 
by notice to the Certificateholders, the Indenture Trustee, the Servicer and the Depositor, or the principal corporate trust office of any successor Owner Trustee at the address designated by
such successor Owner Trustee by notice to the Certificateholders, the Indenture Trustee, the Servicer and the Depositor. 
 “Cutoff Date” means the close of business on August 31, 2009, the date after which the Issuer will be entitled to receive all amounts related to the Receivables. 
 “Cutoff Date Adjusted Pool Balance” means the Adjusted Pool Balance as of the Cutoff Date (i.e., $1,195,114,383.06).

 “Cutoff Date Pool Balance” means the aggregate Principal Balance of the Receivables as of the Cutoff Date,
which is $1,259,956,118.34. 
 “Daimler AG” means Daimler AG, a company organized under the laws of Germany.

 “Daimler Retail Receivables” means Daimler Retail Receivables LLC, a Delaware limited liability company.

 “DCFS USA” means DCFS USA LLC, a Delaware limited liability company. 
 “Dealer” means the dealer of motor vehicles who sold a Financed Vehicle and who originated and assigned the Receivable
relating to such Financed Vehicle to the Seller under an existing agreement between such dealer and the Seller. 
 “Dealer Agreement” means an agreement between the Seller and a Dealer, entered into by the Seller in the ordinary course of its business, providing for the sale of Receivables by the Dealer to the Seller. 
 “Dealer Recourse” means, with respect to a Receivable, all recourse rights against the Dealer which originated the
Receivable, and any successor to such Dealer. 
 “Default” means any event that with notice or the lapse of
time or both would become an Event of Default. 
 “Defaulted Receivable” means a Receivable as to which
(i) at least 10% of any payment, or any part of any payment, due under such Receivable has become 120 days or more delinquent (whether or not the Servicer has repossessed the related Financed Vehicle), (ii) the Servicer’s records
show that the related Financed Vehicle has been repossessed and sold or (iii) the Servicer has charged off any portion of the Principal Balance of the Receivable or has determined in accordance with its customary practices that such Receivable
is uncollectible; provided, however, that (a) a Receivable will not become a Defaulted Receivable until the last day of the Collection Period during which one of the foregoing events first occurs and (b) a Purchased Receivable will
not be deemed to be a Defaulted Receivable. 
 “Definitive Notes” means definitive, fully registered Notes
issued pursuant to Section 2.12 of the Indenture. 
  

 AA-7 

 “Deposit Date” means, with respect to any Distribution Date and the related
Collection Period, the Business Day immediately preceding such Distribution Date. 
 “Depositor” means Daimler
Retail Receivables, in its capacity as depositor, and its successors in such capacity. 
 “Depositor Basic
Documents” means the Basic Documents to which the Depositor is a party. 
 “Depositor Limited Liability Company
Agreement” means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of September 30, 2009, by DCFS USA, as member. 
 “Determination Date” means, with respect to any Distribution Date, the second Business Day preceding such Distribution Date, commencing on November 12, 2009. 
 “Discount Rate” means, with respect to any Receivable, the greater of (i) the related APR and (ii) the Required
Rate. 
 “Distribution Date” means the 15th day of each month, or if such 15th day is not a Business Day, the
following Business Day, commencing on November 16, 2009. 
 “Eligible Deposit Account” means either
(i) a segregated deposit account over which the Indenture Trustee or the Owner Trustee, as the case may be, has sole signature authority, maintained with an Eligible Institution meeting the requirements of clause (i) of the definition
of the term “Eligible Institution” or (ii) a segregated trust account maintained with the trust department of an Eligible Institution meeting the requirements of clause (ii) of the definition of the term “Eligible
Institution”, in each case bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Securityholders, the Noteholders or the Certificateholders, as the case may be. 
 “Eligible Institution” means (i) the corporate trust department of either Trustee or (ii) the corporate trust
department of any other depository institution organized under the laws of the United States or any State or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States or any State qualified to take
deposits and subject to supervision and examination by federal or state banking authorities (a) which at all times has either (1) a long-term unsecured debt rating of at least “BBB” from Standard & Poor’s and
“Baa2” from Moody’s or (2) a long-term unsecured debt rating, short-term unsecured debt rating or a certificate of deposit rating otherwise acceptable to the Rating Agencies and (b) whose deposits are insured by the Federal
Deposit Insurance Corporation. 
 “Eligible Investments” means, at any time, any one or more of the following
obligations, instruments, investments and securities: 
 (i) direct obligations of, and obligations fully
guaranteed by, the United States or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States; 
  

 AA-8 

 (ii) demand deposits, time deposits, bankers’ acceptances or
certificates of deposit of any depository institution or trust company (a) incorporated under the laws of the United States, any State or any United States branch of a foreign bank, (b) subject to supervision and examination by federal or
State banking or depository institution authorities and (c) at the time of the investment or contractual commitment to invest therein, the commercial paper or other short-term unsecured debt obligations (other than such obligations the rating
of which is based on the credit of a Person other than such depository institution or trust company) of which have the Required Rating; 
 (iii) repurchase obligations, having maturities of not more than 365 days, with respect to any security that is a direct obligation of, or fully guaranteed by, the United States or any agency or
instrumentality thereof the obligations of which are backed by the full faith and credit of the United States, in either case entered into with a depository institution or trust company (acting as principal) described in clause (ii) above;

 (iv) short-term corporate securities bearing interest or sold at a discount issued by any corporation
incorporated under the laws of the United States or any State thereof; provided, however, that (a) such investment shall not have an ‘r’ highlighter affixed to its rating and its terms shall have a predetermined fixed dollar amount of
principal due at maturity that cannot vary or change and (b) at the time of the investment, the short-term unsecured debt obligations (other than such obligations the rating of which is based on the credit of a Person other than such
corporation) of such corporation shall have the highest rating from Moody’s and Standard & Poor’s; 
 (v) commercial paper having maturities of not more than 365 days, at the time of the investment, with the highest rating from Moody’s and Standard & Poor’s; provided, however, that such investment shall not have an
‘r’ highlighter affixed to its rating and its terms shall have a predetermined fixed dollar amount of principal due at maturity that cannot vary or change; 
 (vi) guaranteed investment contracts issued by an insurance company or other corporation as to which the Rating Agency
Condition shall have been satisfied; 
 (vii) investments in money market funds having a rating from
Standard & Poor’s of at least “AAA-m” or “AAAm-G” and from Moody’s of at least “Aaa” (including funds for which either Trustee, the Servicer or any of their respective Affiliates is investment manager
or advisor); and 
 (viii) any other investment as to which the Rating Agency Condition shall have been
satisfied; provided, however, that in no event shall any such investment have a long-term rating of less than “AA” from Standard & Poor’s and “Aaa” from Moody’s or a short-term rating of less than
“A-1” from Standard & Poor’s and “Prime-1” from Moody’s; 
 provided, that each of the foregoing
investments shall mature no later than the Deposit Date immediately following the Collection Period in which such investment was made, and shall be required to be held to such maturity. 
  

 AA-9 

 Notwithstanding anything to the contrary contained in this definition, (a) no Eligible
Investment may be purchased at a premium, (b) no obligation or security shall be a “Eligible Investment” unless (i) the Indenture Trustee has Control over such obligation or security and (ii) at the time the Indenture
Trustee first obtained Control or the Indenture Trustee became the Entitlement Holder with respect to such obligation or security, the Indenture Trustee did not have notice of any adverse claim with respect thereto within the meaning of
Section 8-102 of the UCC and (c) with respect to investments above that require a rating of “A-1+” from Standard and Poor’s, such investments in certain short-term debt of issuers or deposits in institutions rated
“A-1” by Standard & Poor’s will be permitted so long as (1) the total amount of investments in “A-1” issuers or deposits in “A-1” institutions must be limited to investments of the amount on deposit
in the Collection Account and (2) the total amount of “A-1” investments shall not represent more than 20% of the Note Balance as of any date. 
 For purposes of this definition, any reference to the highest available credit rating of an obligation means the highest available credit rating for such obligation, or such lower credit rating (as
approved in writing by each Rating Agency) as will not result in the qualification, downgrading or withdrawal of the rating then assigned to any Securities by such Rating Agency. 
 “Eligible Servicer” means a Person which, at the time of its appointment as Servicer, (i) has a net worth of not less
than $50,000,000, (ii) is servicing a portfolio of motor vehicle retail installment sale contracts or motor vehicle loans, (iii) is legally qualified, and has the capacity, to service the Receivables, (iv) has demonstrated the ability
to service a portfolio of motor vehicle installment sales contracts and installment loans similar to the Receivables professionally and competently in accordance with standards of skill and care that are consistent with prudent industry standards
and (v) is qualified and entitled to use pursuant to a license or other written agreement, and agrees to maintain the confidentiality of, the software which the Servicer uses in connection with performing its duties and responsibilities under
the Sale and Servicing Agreement or obtains rights to use, or develops at its own expense, software which is adequate to perform its duties and responsibilities under the Sale and Servicing Agreement. 
 “Entitlement Holder” has the meaning specified in Section 8-102 of the UCC. 
 “Entitlement Order” has the meaning specified in Section 8-102 of the UCC. 
 “ERISA” means the Employee Retirement Income Security Act of 1974. 
 “Event of Default” has the meaning specified in Section 5.01 of the Indenture. 
 “Excess Collections” means, with respect to any Distribution Date, any Available Funds remaining after the distributions
have been made pursuant to Section 2.08(a)(i) through (a)(viii) or Section 2.08(f)(i) through (f)(iv) of the Indenture. 
 “Exchange Act” means the Securities Exchange Act of 1934. 
 “Exchange Act Reports”
means any reports on Form 10-D, Form 8-K or Form 10-K required to be filed by the Depositor with respect to the Issuer under the Exchange Act. 
  

 AA-10 

 “Executive Officer” means, with respect to any (i) corporation,
limited liability company or depository institution, the chief executive officer, the chief operating officer, the chief financial officer, the president, any Vice President, the secretary or the treasurer of such entity and (ii) partnership,
any general partner thereof. 
 “Expenses” means any and all liabilities, obligations, losses, damages, taxes,
claims, actions and suits, and any and all reasonable costs, expenses and disbursements (including reasonable legal fees and expenses) of any kind and nature whatsoever. 
 “Final Scheduled Distribution Date” means the Class A-1 Final Scheduled Distribution Date, the Class A-2 Final Scheduled Distribution Date, the Class A-3 Final Scheduled
Distribution Date or the Class A-4 Final Scheduled Distribution Date, as the context may require. 
 “Financed
Vehicle” means, with respect to any Receivable, the related new or used motor vehicle, together with all accessions thereto, securing the related Obligor’s indebtedness under such Receivable. 
 “Financial Asset” has the meaning specified in Section 8-102(a)(9) of the UCC. 
 “First-Tier Assignment” means the first-tier assignment in substantially the form attached as Exhibit B to the Receivables
Purchase Agreement. 
 “Form 10-D Disclosure Item” means, with respect to any Person, any event specified in
Part II of Schedule C for which such Person is the responsible party, if such Person or in the case of the Owner Trustee or Indenture Trustee, a Responsible Officer of such Person, has actual knowledge of such event. 
 “Form 10-K Disclosure Item” means, with respect to any Person, (i) any Form 10-D Disclosure Item and (ii) any
additional items specified in Part II of Schedule C for which such Person is the responsible party, or if such Person is the Indenture Trustee or the Owner Trustee, a Responsible Officer of such Person has actual knowledge of such event. 

“FRBNY” means the Federal Reserve Bank of New York. 
 “Governmental Authority” means the United States, any State or other political subdivision thereof and any entity
exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
 “Grant” means to mortgage, pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer, create and grant a lien upon and a security interest in and a right of set-off against, deposit, set over and
confirm pursuant to the Indenture. A Grant of the Collateral or of any other agreement or instrument shall include all rights, powers and options (but none of the obligations) of the granting party thereunder, including the immediate and continuing
right to claim for, collect, receive and give receipt for principal and interest payments in respect of the Collateral and all other monies payable thereunder, to give and receive notices and other communications, to make waivers or other
agreements, to exercise all rights and options, to bring Proceedings in the name of the granting party or otherwise, and generally to do and receive anything that the granting party is or may be entitled to do or receive thereunder or with respect
thereto. 
  

 AA-11 

 “Holder” means a Certificateholder or a Noteholder, as the context may
require. 
 “Indemnified Parties” means the Owner Trustee and its officers, directors, successors, agents and
servants. 
 “Indenture” means the Indenture, dated as of October 1, 2009, between the Issuer and the
Indenture Trustee. 
 “Indenture Trustee” means U.S. Bank, in its capacity as Indenture Trustee under the
Indenture, and its successors in such capacity. 
 “Independent” means, with respect to any Person, that such
Person (i) is in fact independent of the Issuer, any other obligor on the Notes, the Depositor, the Seller, the Servicer and any of their respective Affiliates, (ii) does not have any direct financial interest or any material indirect
financial interest in the Issuer, any such other obligor, the Depositor, the Seller, the Servicer or any of their respective Affiliates and (iii) is not connected with the Issuer, any such other obligor, the Depositor, the Seller, the Servicer
or any of their respective Affiliates as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions. 
 “Independent Certificate” means a certificate or opinion to be delivered to the Indenture Trustee under the circumstances described in, and otherwise complying with, the applicable
requirements of Section 11.01 of the Indenture, made by an Independent appraiser or other expert appointed by an Issuer Order and acceptable to the Indenture Trustee in the exercise of reasonable care, and such opinion or certificate shall
state that the signer has read the definition of “Independent” in the Indenture and that the signer is Independent within the meaning thereof. 
 “Initial Note Balance” means, as the context may require, with respect to (i) all of the Notes, $1,081,570,000 or (ii) any Note, an amount equal to the initial denomination of
such Note. 
 “Insolvency Event” means, with respect to any Person, (i) the making of a general assignment
for the benefit of creditors; (ii) the filing of a voluntary petition in bankruptcy; (iii) being adjudged as bankrupt or insolvent, or having had entered against such Person an order for relief in any bankruptcy or insolvency Proceeding;
(iv) the filing by such Person of a petition or answer seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any Insolvency Laws; (v) the filing by such Person of an answer or
other pleading admitting or failing to contest the material allegations of a petition filed against such Person in any proceeding specified in clause (viii) below; (vi) the seeking, consenting to or acquiescing in the appointment of a
trustee, receiver, liquidator or similar official of such Person or of all or any substantial part of the assets of such Person; (vii) the failure by such Person generally to pay its debts as such debts become due; (viii) the failure to
obtain dismissal within 60 days of the commencement of any Proceeding against such Person seeking (a) reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any statute, law or regulation, or
(b) the appointment of a trustee, liquidator, receiver or similar official, in each case of such Person or of such Person’s assets or any substantial portion thereof; and (ix) the taking of action by such Person in furtherance of any
of the foregoing. 
  

 AA-12 

 “Insolvency Laws” means the Bankruptcy Code and all other applicable
liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments or similar debtor relief laws from time to time in effect affecting the rights of creditors generally. 

“Insurance Proceeds” means proceeds paid by any insurer under a comprehensive and collision or limited dual interest
insurance relating to a Receivable, other than funds used for the repair of the related Financed Vehicle or otherwise released to the related Obligor in accordance with normal servicing procedures, after reimbursement to the Servicer for expenses
recoverable under the related insurance policy. 
 “Interest Carryover Shortfall Amount” means, with respect to
any Distribution Date and a Class of Notes, the excess, if any, of the Interest Distributable Amount for that Class of Notes on the immediately preceding Distribution Date over the amount in respect of interest that is actually deposited in the Note
Payment Account with respect to that Class of Notes on that preceding Distribution Date, plus, to the extent permitted by Applicable Law, interest on the amount of interest due but not paid to such Noteholders on that preceding Distribution Date at
the applicable Interest Rate. 
 “Interest Distributable Amount” means, with respect to any Distribution Date
and a Class of Notes, the sum of the Monthly Interest Distributable Amount and the Interest Carryover Shortfall Amount for that Class of Notes for that Distribution Date. 
 “Interest Period” means, with respect to any Distribution Date and the (i) Class A-1 Notes,
the period from, and including, the prior Distribution Date (or from, and including, the Closing Date with respect to the first Distribution Date) to, but excluding, the current Distribution Date and (ii) Class A-2 Notes, the
Class A-3 Notes and the Class A-4 Notes, the period from, and including, the 15th day of the prior calendar month (or from, and including, the Closing Date with respect to the first Distribution Date) to, but excluding, the 15th day of the current calendar month (assuming each month has 30 days). 
 “Interest Rate” means the Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest Rate
and the Class A-4 Interest Rate, as applicable. 
 “Investor Report” means a report of the Servicer,
delivered pursuant to Section 3.10 of the Sale and Servicing Agreement, substantially in the form of Exhibit B thereto. 
 “IRS” means the Internal Revenue Service. 
 “Issuer” means Mercedes-Benz Auto
Receivables Trust 2009-1 until a successor replaces it and, thereafter, means the successor and, for purposes of any provision contained in the Indenture and required by the TIA, each other obligor on the Notes. 
 “Issuer Basic Documents” means the Basic Documents to which the Issuer is a party. 
  

 AA-13 

 “Issuer Order” or “Issuer Request” means a written order
or request signed in the name of the Issuer by any Authorized Officer of the Issuer and delivered to the Indenture Trustee by the Administrator, if signed by an officer of the Administrator, or at the written direction of the Depositor, if signed by
an officer of the Owner Trustee. 
 “Item 1119 Party” means the Depositor, the Seller, the Servicer, the
Indenture Trustee, the Owner Trustee and any other material transaction party, as identified in Schedule B hereto. 
 “Lien” means any security interest, lien, claim, charge, pledge, equity or encumbrance of any kind other than tax liens, mechanics’ or materialmen’s liens, judicial liens and any other liens that may attach
to a Financed Vehicle by operation of law. 
 “Maryland Vehicle Sales Finance Act” means Maryland Code
Annotated, Financial Institutions §11-401 et seq. 
 “Monthly Interest Distributable Amount”
means, with respect to any Distribution Date and any Class of Notes, the interest due on that Class of Notes for the related Interest Period calculated based on the Interest Rate for that Class of Notes and the principal amount of that Class of
Notes on the preceding Distribution Date, after giving effect to all payments of principal on such Class of Notes on or prior to that Distribution Date, or, in the case of the first Distribution Date, on the original principal amount of that Class
of Notes as of the Closing Date. 
 “Monthly Payment” means, with respect to any Receivable, the amount of each
fixed monthly payment payable to the obligee under such Receivable in accordance with the terms thereof, net of any portion of such monthly payment that represents late payment charges, extension fees or similar items. 
 “Monthly Remittance Condition” means that (i) DCFS USA, or its successor, is the Servicer and is a direct or indirect
wholly owned subsidiary of Daimler AG, (ii) there exists no Event of Servicing Termination and (iii) with respect to (a) Standard & Poor’s, Daimler AG’s short-term unsecured debt is rated at least “A-1” by
Standard & Poor’s and (b) Moody’s has agreed that the deposit of collections on or in respect of the Receivables into the Collection Account may be made by the Servicer on a monthly, rather than a daily, basis without such
monthly deposits adversely impacting the ratings of any Outstanding Notes. 
 “Monthly Servicing Fee” means,
for any Collection Period, the fee payable to the Servicer on the related Distribution Date for services rendered during such Collection Period, which is equal to the product of 1/12 of 1.00% (or 1/6 of 1.00% in the case of the first Distribution
Date) and the Pool Balance as of the first day of that Collection Period (or as of the Cutoff Date in the case of the first Distribution Date). 
 “Monthly Trustee Fees” means the monthly fees, expenses and indemnification amounts payable in accordance with the Basic Documents to each of the Trustees on each Distribution Date for
the related Collection Period for performing their respective obligations under the Basic Documents. 
 “Moody’s” means Moody’s Investors Service, Inc. 
  

 AA-14 

 “Net Liquidation Proceeds” means all amounts received by the Servicer, from
whatever source (including Insurance Proceeds), with respect to any Defaulted Receivable during the Collection Period in which such Receivable became a Defaulted Receivable, minus the sum of: 
 (i) expenses incurred by the Servicer in connection with the repossession and disposition of the related Financed Vehicle (to
the extent not previously reimbursed to the Servicer); and 
 (ii) all payments required by law to be remitted to
the Obligor. 
 “Net Losses” means, with respect to any Collection Period, the difference (which may be
positive or negative) of (i) the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period and (ii) the aggregate Net Liquidation Proceeds and Recoveries received by the Servicer
during such Collection Period. 
 “Nonrecoverable Advance” means an Advance which the Servicer
determines in its sole discretion is non-recoverable from payments made on or in respect of the related Receivable. 
 “Note Balance” means, at any time, the aggregate principal amount of all Notes that are Outstanding at such time or the aggregate principal amount of all Notes of the Controlling Class or a particular Class that are
Outstanding at such time, as the context requires. 
 “Note Depository Agreement” means the agreement, dated
the Closing Date, between the Issuer and The Depository Trust Company, as the initial Clearing Agency, relating to the Notes. 
 “Note Factor” means, with respect to each Class of Notes as of any Distribution Date, a four or more digit decimal figure equal to the product of (a) the Note Balance of such Class of Notes as of such Distribution Date
(after giving effect to any reductions thereof to be made on such Distribution Date) and (b) 1.000000, divided by (c) the original principal amount of such Class of Notes. 
 “Note Owner” means, with respect to any Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as
reflected on the books of the Clearing Agency or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such
Clearing Agency). 
 “Note Payment Account” means the account designated as such, and established and
maintained pursuant to Section 4.01(a) of the Sale and Servicing Agreement. 
 “Note Register” and
“Note Registrar” have the respective meanings specified in Section 2.05(a) of the Indenture. 
 “Noteholder” means the Person in whose name a Note is registered on the Note Register. 
 “Notes” means the Class A Notes. 
  

 AA-15 

 “Obligor” means, with respect to any Receivable, the purchaser or
co-purchasers of the related Financed Vehicle purchased in part or in whole by the execution and delivery of a Receivable or any other Person who owes or may be liable for payments under a Receivable. 
 “Officer’s Certificate” means, with respect to the Depositor, the Servicer or any other entity, a certificate signed
by an Authorized Officer of the Depositor, the Servicer or such other entity, as the case may be. 
 “Opinion of
Counsel” means a written opinion of counsel who may, except as otherwise provided in a Basic Document, be employees of or counsel to DCFS USA, the Depositor or any of their respective Affiliates and, in the case of an opinion of counsel to
be delivered to a party to the Basic Documents or another entity, (i) is delivered by counsel reasonably acceptable to the related recipient and (ii) is addressed to such recipient. 
 “Optional Purchase” means the exercise by the Servicer of its option to purchase all remaining Receivables from the Issuer
on any Distribution Date following the last day of a Collection Period as of which the Pool Balance is 10% or less of the Cutoff Date Pool Balance. 
 “Original Trust Agreement” means the Trust Agreement, dated as of April 9, 2009, between the Depositor and the Owner Trustee, pursuant to which the Issuer was created. 
 “Outstanding” means, as of the date of determination, all Notes theretofore authenticated and delivered under the Indenture
except: 
 (i) Notes theretofore canceled by the Note Registrar or delivered to the Note Registrar for
cancellation; 
 (ii) Notes or portions thereof the payment for which money in the necessary amount has been
theretofore deposited with the Indenture Trustee or any Paying Agent in trust for the Noteholders; provided, however, that if such Notes are to be redeemed, notice of such redemption must have been duly given pursuant to the Indenture or provision
for such notice must have been made in a manner satisfactory to the Indenture Trustee; and 
 (iii) Notes in
exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a Protected Purchaser; 
 provided, however, that in determining whether the Noteholders of the requisite principal amount of the Notes Outstanding have given any request, demand,
authorization, direction, notice, consent or waiver under the Indenture or under any other Basic Document, Notes owned by the Issuer, any other obligor upon the Notes, the Depositor, the Seller, the Servicer or any of their respective Affiliates
shall be disregarded and deemed not to be Outstanding unless all of the Notes of the related Class or Classes are owned by the Issuer, any other obligor upon the Notes, the Depositor, the Seller, the Servicer or any of their respective
Affiliates, except that, in determining whether the Indenture Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver, only Notes that a Responsible Officer of the Indenture Trustee
knows to be so owned shall be so disregarded. Notes so owned

  

 AA-16 

 
that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Indenture Trustee the pledgee’s right so to act with respect to such
Notes and that the pledgee is not the Issuer, any other obligor upon the Notes, the Depositor, the Seller, the Servicer or any of their respective Affiliates. 
 “Owner Trust Estate” means the $1 capital contribution from the Depositor and the Trust Property. 
 “Owner Trustee” means Wilmington Trust Company, not in its individual capacity but solely as Owner Trustee under the Trust Agreement, and any successor in such capacity. 
 “Paying Agent” means the Indenture Trustee or any other Person that meets the eligibility standards specified in
Section 6.11 of the Indenture and is authorized by the Issuer to make or cause to be made payments to and distributions from the Collection Account, the Note Payment Account and the Reserve Fund, including payments of principal or interest on
the Notes or the Certificates on behalf of the Issuer. The Indenture Trustee shall be the initial Paying Agent. 
 “Pennsylvania Motor Vehicle Sales Finance Act” means 69 P.S. § 601 et seq. 
 “Permitted Lien” means, with respect to any Receivable or Financed Vehicle, any tax lien, mechanics’ lien or lien that attaches to a Receivable or Financed Vehicle by operation of law and arises solely as a result of
an action or omission of the related Obligor. 
 “Performance Certification” means each certification delivered
to the Certifying Person pursuant to Section 9.06 of the Sale and Servicing Agreement. 
 “Person” means
any legal person, including any individual, corporation, estate, partnership, joint venture, association, joint stock company, limited liability company, limited liability partnership, trust, unincorporated organization or government or any agency
or political subdivision thereof, or any other entity of whatever nature. 
 “Plan Asset Regulation” means 29
C.F.R. Section 2510.3-101 issued by the United States Department of Labor, as modified by Section 3(42) of ERISA. 
 “Pool Balance” means, as of any date, the aggregate Principal Balance of the Receivables as of such date; provided, however, that if the Receivables are purchased by the Servicer pursuant to Section 8.01(a) of the Sale
and Servicing Agreement or are sold or otherwise liquidated by the Indenture Trustee following an Event of Default pursuant to Section 5.04 of the Indenture, the Pool Balance shall be deemed to be zero as of the last day of the Collection
Period during which such purchase, sale or other liquidation occurs. 
 “Predecessor Note” means, with respect
to any particular Note, every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 2.06 of the
Indenture in lieu of a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
  

 AA-17 

 “Prepayment” means any prepayment, whether in part or in full, in respect
of a Receivable. 
 “Principal Balance” means, with respect to any Receivable as of any date, the Amount
Financed under such Receivable minus the sum of (i) that portion of all Monthly Payments actually received on or prior to such date allocable to principal using the Simple Interest Method and (ii) any Prepayment applied to reduce the
unpaid principal balance of such Receivable; provided, however, that the Principal Balance of a (a) Defaulted Receivable shall be zero as of the last day of the Collection Period during which it became a Defaulted Receivable and
(b) Purchased Receivable shall be zero as of the last day of the Collection Period during which it became a Purchased Receivable. 
 “Priority Principal Distributable Amount” means, with respect to any Distribution Date, the excess, if any, of the Note Balance of the Class A Notes as of such Distribution Date (before giving effect to any payments
made to Noteholders on that Distribution Date) over the Adjusted Pool Balance as of the last day of the preceding Collection Period; provided, however, that the Priority Principal Distributable Amount for each Distribution Date on and after the
Final Scheduled Distribution Date for any Class of Class A Notes will not be less than the amount that is necessary to reduce the outstanding principal balance of such Class of Class A Notes to zero. 
 “Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding. 
 “Protected Purchaser” has the meaning specified in Section 8-303 of the UCC. 
 “Provided Information” means, with respect to (i) the Indenture Trustee, the Servicing Criteria Assessment provided
under Article Nine of the Indenture by or on behalf of the Indenture Trustee and (ii) the Servicer, the information provided pursuant to Sections 3.11 and 3.12 of the Sale and Servicing Agreement, by or on behalf of the Servicer. 
 “PTCE” means Prohibited Transaction Class Exemption. 
 “PTCE 95-60” means Prohibited Transaction Class Exemption 95-60. 
 “Purchase Amount” means the price at which the Seller must repurchase or the Servicer must purchase a Receivable in an
amount equal to the sum of (i) the Principal Balance of such Receivable plus (ii) the amount of accrued but unpaid interest on such Principal Balance at the related APR to the last day of the Collection Period of repurchase.

 “Purchased Receivable” means a Receivable purchased or repurchased, as applicable, as of the last day of a
Collection Period as to which payment of the Purchase Amount has been made by the Servicer pursuant to Section 2.05, 3.03, 3.08 or 8.01 of the Sale and Servicing Agreement or by the Seller pursuant to Section 3.03(c) of the Receivables
Purchase Agreement. 
 “Purchaser” means Daimler Retail Receivables, in its capacity as purchaser of the
Receivables under the Receivables Purchase Agreement, and its successors in such capacity. 
  

 AA-18 

 “Purchaser Basic Documents” means the Basic Documents to which the
Purchaser is a party. 
 “Rating Agency” means Moody’s or Standard & Poor’s; provided,
however, that if either of Moody’s and Standard & Poor’s cease to exist, Rating Agency shall mean any nationally recognized statistical rating organization or other comparable Person designated by the Issuer to replace such
Person, written notice of which designation shall have been given to the Depositor, the Servicer and the Trustees. 
 “Rating Agency Condition” means, with respect to any action, in the case of (i) Standard & Poor’s, that Standard & Poor’s shall have been given ten days (or such shorter period as is
acceptable to Standard & Poor’s) prior notice thereof and that Standard & Poor’s shall have notified the Depositor, the Servicer and the Trustees in writing that such action will not result in a qualification, reduction
or withdrawal of any of its then-current ratings assigned to the Notes and (ii) Moody’s, that Moody’s shall have been given ten days’ (or such shorter period as is acceptable to Moody’s) prior notice of such action.

 “Receivable” means each motor vehicle retail installment sale contract or installment loan identified on the
Schedule of Receivables. 
 “Receivable Files” has the meaning specified in Section 2.06 of the Sale and
Servicing Agreement. 
 “Receivables Purchase Agreement” means the Receivables Purchase Agreement, dated as of
October 1, 2009, between the Seller and the Purchaser. 
 “Receivables Purchase Price” means
$1,078,820,964.83. 
 “Record Date” means, with respect to (i) the Certificates and any Distribution Date,
the close of business on the Business Day immediately preceding such Distribution Date and (ii) the Notes and any Distribution Date or Redemption Date, the close of business on the Business Day preceding such Distribution Date or Redemption
Date; provided, however, that if Definitive Notes have been issued pursuant to Section 2.12 of the Indenture, Record Date shall mean, with respect to any Distribution Date or Redemption Date, the last day of the preceding Collection Period.

 “Recoveries” means, with respect to any Collection Period following the Collection Period in which a
Receivable became a Defaulted Receivable, all amounts received by the Servicer from whatever source (including Insurance Proceeds) with respect to such Defaulted Receivable during such Collection Period, minus the sum of: 
 (i) expenses incurred by the Servicer in connection with the repossession and disposition of the related Financed Vehicle (to
the extent not previously reimbursed to the Servicer); and 
 (ii) all payments required by law to be remitted to
the related Obligor. 
  

 AA-19 

 “Redemption Date” means, in the case of a redemption of the Notes pursuant
to Section 10.01 of the Indenture, the Distribution Date specified by the Servicer pursuant to such Section. 
 “Redemption Price” means, in the case of a redemption of the Notes pursuant to Section 10.01 of the Indenture, an amount equal to the unpaid principal amount of the Notes redeemed plus accrued and unpaid interest
thereon through the related Interest Period at the related Interest Rates. 
 “Regular Principal Distributable
Amount” means, with respect to any Distribution Date, an amount equal to the lesser of (i) the Note Balance of the Notes on that Distribution Date (before giving effect to any payments of principal made to Noteholders on that
Distribution Date) and (ii) an amount equal to the amount, if any, by which the Note Balance of the Notes on that Distribution Date (before giving effect to any payments of principal made to Noteholders on that Distribution Date) exceeds the
excess, if any, of the Adjusted Pool Balance as of the last day of the related Collection Period minus the Target Overcollateralization Amount, less the amount of any Priority Principal Distributable Amount. 
 “Regulation AB” means subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, subject to such clarification and interpretation as has been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7,
2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time. 
 “Reportable Event” means any event required to be reported on Form 8-K, including each event specified on Part IV of Schedule C (i) for which such Person is the responsible party and (ii) of which such Person (or
in the case of the Indenture Trustee, as Responsible Officer of such Person) has actual knowledge. 
 “Representatives” means J.P. Morgan Securities Inc. and Barclays Capital Inc., each in its capacity as representative of the underwriters named in the Underwriting Agreement. 
 “Required Payment Amount” has, with respect to each Distribution Date, the meaning specified in Section 4.08(a)(vii)
of the Sale and Servicing Agreement. 
 “Required Rate” means 6.75% per annum. 
 “Required Rating” means, with respect to any entity, the short-term credit rating of the related entity is at least equal
to “Prime-1” by Moody’s and “A-1+” by Standard & Poor’s. 
 “Reserve
Fund” means the account designated as such, and established and maintained pursuant to Section 4.01(a) of the Sale and Servicing Agreement. 
 “Reserve Fund Amount” means, with respect to any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Fund on such Distribution Date (after giving
effect to all deposits to and withdrawals from the Reserve Fund on the preceding Distribution Date (or, in the case of the first Distribution Date, the Closing Date), including all interest and other investment earnings (net of losses and investment
expenses) earned on such amount on deposit therein during the related Collection Period. 
  

 AA-20 

 “Reserve Fund Deficiency” means, as of any date, the excess of the Reserve
Fund Required Amount over the Reserve Fund Amount. 
 “Reserve Fund Deposit” means an amount equal to
$2,987,785.96. 
 “Reserve Fund Draw Amount” means, with respect to any Distribution Date and the related
Collection Period, the lesser of (i) the amount, if any, by which the Required Payment Amount exceeds Available Collections and (ii) the Reserve Fund Amount (before giving effect to any deposits to or withdrawals from the Reserve Fund on
such Distribution Date); provided, however, that the Reserve Fund Draw Amount shall equal the Reserve Fund Amount if (a) the sum of Available Collections and the Reserve Fund Amount equals or exceeds the Note Balance, accrued and unpaid
interest thereon and all amounts required to be paid to the Servicer and the Trustees on such Distribution Date or (b) on the last day of such Collection Period the Adjusted Pool Balance is zero. 
 “Reserve Fund Property” means the Reserve Fund and all amounts, securities, investments, Financial Assets and other
property deposited in or credited to the Reserve Fund. 
 “Reserve Fund Required Amount” means, for any
Distribution Date, $2,987,785.96; provided, however, that the Reserve Fund Required Amount may not exceed the Note Balance. 
 “Responsible Officer” means, in the case of (i) the Indenture Trustee, any officer within the Corporate Trust Office of the Indenture Trustee with direct responsibility for the administration of the
Indenture, including any principal, managing director, president, Vice President, assistant treasurer, assistant secretary or any other officer of the Indenture Trustee customarily performing functions similar to those performed by any of the
above-designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject and (ii) the Owner Trustee, any
officer in the Corporate Trust Administration department of the Owner Trustee with direct responsibility for the administration of the Issuer and, with respect to a particular corporate trust matter, any other officer of the Owner Trustee to whom
such matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 
 “Sale and Servicing Agreement” means the Sale and Servicing Agreement, dated as of October 1, 2009, among the Issuer, the Depositor, the Seller and the Servicer. 
 “Sarbanes-Oxley Certification” means the certification concerning the Issuer, to be signed by an officer of the Servicer or
the Depositor and submitted to the Commission pursuant to the Sarbanes-Oxley Act of 2002. 
 “Schedule of
Receivables” means the schedule of Receivables attached as Schedule A to the Receivables Purchase Agreement. 
 “Secretary of State” means the Secretary of State of the State of Delaware. 
  

 AA-21 

 “Securities” means the Notes and the Certificates. 
 “Securities Act” means the Securities Act of 1933. 
 “Securitization Transaction” means any transaction involving a sale or other transfer of receivables directly or indirectly
to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated asset-backed securities. 
 “Security Entitlement” has the meaning specified in Section 8-102(a)(17) of the UCC. 
 “Securityholders” means the Noteholders and the Certificateholders. 
 “Seller” means DCFS USA, in its capacity as seller of the Receivables under the Receivables Purchase Agreement or the Sale and Servicing Agreement, as the case may be, and its successors in such capacity. 
 “Seller Basic Documents” means the Basic Documents to which the Seller is a party. 
 “Servicer” means DCFS USA, in its capacity as Servicer under the Sale and Servicing Agreement, and its successors in such
capacity. 
 “Servicer Basic Documents” means the Basic Documents to which the Servicer is a party. 

“Servicer Termination Event” has the meaning specified in Section 7.01 of the Sale and Servicing Agreement.

 “Servicer Termination Notice” means a notice given to the Servicer pursuant to Section 7.01 of the Sale
and Servicing Agreement terminating all rights and obligations of the Servicer under the Sale and Servicing Agreement, other than the indemnification obligations of the Servicer under Section 6.02 of the Sale and Servicing Agreement, which
shall survive such termination. 
 “Servicing Criteria” means the “servicing criteria” set forth in
Item 1122(d) of Regulation AB. 
 “Servicing Criteria Assessment” means a report of the Indenture
Trustee’s assessment of compliance with the Servicing Criteria (as identified substantially in the form of Part I of Schedule C of the Indenture, with the Indenture Trustee being shown as the “Responsible Party”) during the
immediately preceding calendar year, as set forth under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 
 “Servicing Officer” means any officer of the Servicer involved in, or responsible for, the administration and servicing of the Receivables whose name appears on a list of servicing
officers attached to an Officer’s Certificate furnished on the Closing Date to the Trustees by the Servicer, as such list may be amended from time to time by the Servicer in writing. 
 “Simple Interest Method” means the method of allocating a fixed level payment between principal and interest, pursuant to
which a portion of such payment is allocated to interest in an

  

 AA-22 

 
amount equal to the product of the APR of the related Receivable multiplied by the unpaid Principal Balance of such Receivable multiplied by the period of time (expressed as a fraction of a year,
based on the actual number of days in the applicable calendar month and a 365-day year) elapsed since the preceding payment was made and the remainder of such payment is allocated to principal. 
 “Simple Interest Receivable” means any Receivable under which each payment is allocated between principal and interest in
accordance with the Simple Interest Method. 
 “Standard & Poor’s” means Standard &
Poor’s Ratings Services, a Division of The McGraw-Hill Companies, Inc. 
 “State” means any of the
50 states of the United States or the District of Columbia. 
 “Statutory Exemption” means the prohibited
transaction exemption provided by Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code. 
 “Statutory Trust Statute” means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. 
 “Successor Servicer” means any entity appointed as a successor to the Servicer pursuant to Section 7.02 of the Sale and Servicing Agreement. 
 “Supplemental Servicing Fee” means the sum of (i) all extension fees charged in connection with extensions of
Receivables and (ii) any administration fees and charges and all late payment fees and Prepayment fees actually collected (from whatever source) on the Receivables. 
 “TALF” means the FRBNY’s Term Asset-Backed Loan Facility. 
 “TALF Eligibility Certification” means the Certification as to TALF Eligibility for Non-Mortgage-Backed ABS required in connection with the TALF. 
 “Target Overcollateralization Amount” means, with respect to any Distribution Date, the greater of (i) 13.25% of the
Adjusted Pool Balance as of the last day of the related Collection Period and (ii) 6.75% of the Cutoff Date Adjusted Pool Balance. 
 “Total Servicing Fee” means, for any Collection Period and the related Distribution Date, the sum of (i) the Monthly Servicing Fee for such Collection Period and (ii) all
accrued but unpaid Monthly Servicing Fees for one or more prior Collection Periods. 
 “Total Trustee Fees”
means, for any Collection Period and the related Distribution Date, with respect to each of the Trustees, the sum of (i) the Monthly Trustee Fees for such Collection Period and (ii) all accrued but unpaid Monthly Trustee Fees for the
previous Collection Period. 
 “Transfer” means a sale, transfer, assignment, participation, pledge or other
disposition of a Certificate. 
  

 AA-23 

 “Transition Costs” means the reasonable costs and expenses (including
reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees
and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing. 
 “Treasury Regulations” means regulations, including proposed or temporary regulations, promulgated under the Code.
References herein to specific provisions of proposed or temporary Treasury Regulations shall include analogous provisions of final Treasury Regulations or other successor Treasury Regulations. 
 “Trust Agreement” means the Amended and Restated Trust Agreement, dated as of October 1, 2009, between the Depositor
and the Owner Trustee. 
 “Trust Estate” means all money, instruments, rights, and other property that are
subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all property and interests Granted to the Indenture Trustee), including all proceeds thereof. 
 “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force on the Closing Date,
unless otherwise specifically provided in the Indenture. 
 “Trust Property” means, as of any date, the
Receivables and other property related thereto sold, transferred, assigned and conveyed to the Issuer pursuant to Section 2.01(a) of the Sale and Servicing Agreement. 
 “Trustee” means either the Owner Trustee or the Indenture Trustee, as the context requires. 
 “Trustees” means the Owner Trustee and the Indenture Trustee. 
 “UCC” means, unless the context otherwise requires, the Uniform Commercial Code, as in effect in the relevant jurisdiction.

 “Underwriting Agreement” means the Underwriting Agreement, dated September 30, 2009, among the
Depositor, DCFS USA and the Representatives. 
 “United States” or “U.S.” means the United
States of America. 
 “U.S. Bank” means U.S. Bank National Association, a national banking association.

 “Vice President” of any Person means any vice president of such Person, whether or not designated by a
number or words before or after the title “Vice President”, who is a duly elected officer of such Person. 
 “Yield Supplement Overcollateralization Amount” means, with respect to any Distribution Date and the related Collection Period (or any day in such Collection Period), the

  

 AA-24 

 
aggregate amount by which the Principal Balance of each Receivable (other than a Defaulted Receivable or a Purchased Receivable) as of the last day of such Collection Period, exceeds the present
value of all remaining Monthly Payments, calculated using the Discount Rate and assuming that all such Monthly Payments are made on the last day of each month and that each month has 30 days. The Yield Supplement Overcollateralization Amount for
each Distribution Date shall equal the amount set forth below: 
  

 AA-25 

				
	 Distribution Date
	  	Yield Supplement
Overcollateralization
Amount
	 Closing Date
	  	$	64,841,735.28
	 November 2009
	  	$	60,218,615.76
	 December 2009
	  	$	57,970,694.59
	 January 2010
	  	$	55,765,713.44
	 February 2010
	  	$	53,603,940.55
	 March 2010
	  	$	51,485,541.85
	 April 2010
	  	$	49,410,661.13
	 May 2010
	  	$	47,379,518.18
	 June 2010
	  	$	45,392,340.53
	 July 2010
	  	$	43,449,269.88
	 August 2010
	  	$	41,550,499.60
	 September 2010
	  	$	39,696,219.41
	 October 2010
	  	$	37,886,686.54
	 November 2010
	  	$	36,122,210.69
	 December 2010
	  	$	34,403,062.70
	 January 2011
	  	$	32,729,497.11
	 February 2011
	  	$	31,101,787.39
	 March 2011
	  	$	29,520,130.32
	 April 2011
	  	$	27,984,693.97
	 May 2011
	  	$	26,495,361.28
	 June 2011
	  	$	25,051,732.05
	 July 2011
	  	$	23,653,147.55
	 August 2011
	  	$	22,299,049.38
	 September 2011
	  	$	20,988,808.25
	 October 2011
	  	$	19,722,379.84
	 November 2011
	  	$	18,499,720.95
	 December 2011
	  	$	17,320,534.43
	 January 2012
	  	$	16,184,720.54
	 February 2012
	  	$	15,092,136.68
	 March 2012
	  	$	14,042,493.45
	 April 2012
	  	$	13,035,579.97
	 May 2012
	  	$	12,070,901.23
	 June 2012
	  	$	11,147,944.68
	 July 2012
	  	$	10,265,951.37
	 August 2012
	  	$	9,424,184.78
	 September 2012
	  	$	8,622,050.66
	 October 2012
	  	$	7,858,823.22
	 November 2012
	  	$	7,134,386.48
	 December 2012
	  	$	6,448,744.24
	 January 2013
	  	$	5,801,920.54
	 February 2013
	  	$	5,193,905.02
	 March 2013
	  	$	4,624,668.73
	 April 2013
	  	$	4,094,223.43
	 May 2013
	  	$	3,602,484.36
	 June 2013
	  	$	3,148,857.89
	 July 2013
	  	$	2,732,218.78
	 August 2013
	  	$	2,350,933.36
	 September 2013
	  	$	2,003,397.55
	 October 2013
	  	$	1,688,559.17
	 November 2013
	  	$	1,405,668.15
	 December 2013
	  	$	1,153,435.83
	 January 2014
	  	$	930,860.84
	 February 2014
	  	$	737,197.60
	 March 2014
	  	$	571,743.30
	 April 2014
	  	$	433,663.95
	 May 2014
	  	$	321,785.58
	 June 2014
	  	$	233,137.12
	 July 2014
	  	$	163,613.77
	 August 2014
	  	$	109,746.69
	 September 2014
	  	$	68,787.81
	 October 2014
	  	$	38,677.14
	 November 2014
	  	$	18,462.39
	 December 2014
	  	$	6,951.71
	 January 2015
	  	$	1,790.60
	 February 2015
	  	$	251.43

  

 AA-26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]