Document:

EX-10.33

 Exhibit 10.33 
 BURGER KING WORLDWIDE, INC. 
 AMENDED AND RESTATED 2012 OMNIBUS INCENTIVE
PLAN 
 BOARD MEMBER OPTION AWARD AGREEMENT 
 This Award is issued pursuant to the Company’s compensation program for the Board and represents the initial Option authorized under such program. Unless defined in this Option Award Agreement (this
“Award Agreement”), capitalized terms will have the same meanings ascribed to them in the Burger King Worldwide, Inc. Amended and Restated 2012 Omnibus Incentive Plan (as may be further amended from time to time, the
“Plan”). 
 Pursuant to Section 6 of the Plan, you have been granted a Non-Qualified Stock Option (the
“Option”) on the following terms and subject to the provisions of the Plan, which is incorporated herein by reference. In the event of a conflict between the provisions of the Plan and this Award Agreement, the provisions of the
Plan will govern. 
  

			
	Total Number of Shares Underlying Options:	 	[                ] Shares
		
	Exercise Price per Share:	 	$[                ] per Share
		
	Grant Date:	 	
		
	Expiration Date:	 	
		
	Vesting Date:	 	[                    ], subject to your continued Service through the Vesting
Date and further subject to the Section entitled “Termination” in Exhibit A.

 By execution of this Award Agreement, you and the Company agree that this Option is granted under and
governed by the terms and conditions of the Plan and the terms and conditions set forth in the attached as Exhibit A. 
  

							
	PARTICIPANT	 		 	BURGER KING WORLDWIDE, INC.
				
	  
	 		 	By:	 	  

	Name:	 		 		 	Name:
		 		 		 	Title:

  
 A-1

 EXHIBIT A 
 TERMS AND CONDITIONS OF THE 
 OPTION AWARD AGREEMENT 

Vesting. 
 This
Option will vest and become exercisable on the “Vesting Date” set forth in this Award Agreement. Any portion of this Option that becomes exercisable in accordance with the foregoing will remain exercisable until the Expiration Date, unless
earlier terminated pursuant to the Plan or this Award Agreement (including, without limitation, the section below entitled “Termination”). Subject to the section below entitled “Termination,” this Option may be exercised only
while you are in continuous Service with the Company. Prior to the exercise of this Option, you will not have any rights of a shareholder with respect to this Option or the Shares subject thereto. 

Method of Exercise. 
 This Option will be exercisable pursuant to procedures approved by the Committee and communicated to you. No Shares will be delivered pursuant to the exercise of this Option unless (i) you have
complied with your obligations under this Award Agreement, (ii) the exercise of this Option and the delivery of such Shares complies with applicable law, and (iii) full payment (or satisfactory provision therefor) of the aggregate exercise
price of the Option and any withholding or other taxes have been received by the Company. Until such time as the Shares are delivered to you (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of
the Company), you will have no right to vote or receive dividends or any other rights as a shareholder with respect to such Shares, notwithstanding the exercise of this Option. 
 Adjustment for Certain Events. 
 If and to the extent that it would
not cause a violation of Section 409A of the Code or other applicable law, if any Corporate Event described in Section 5(d)(ii) of the Plan shall occur, the Committee shall make an adjustment as described in such Section 5(d)(ii) in
such manner as the Committee may, in its sole discretion, deem appropriate and equitable to prevent substantial dilution or enlargement of the rights provided under this Option. 
 Termination. 
 Upon termination of your Service (other
than as set forth below) prior to the Vesting Date, you will forfeit this Option without any consideration due to you. 
 If
your Service terminates prior to the Vesting Date Without Cause (as defined below) or by reason of your death or Disability (as defined below), you (or, if applicable, such other person who is entitled to exercise this Option) shall be vested in the
number of Shares as if the Shares subject to the Option vested 20% on each of 

  
 A-2

 
[                ],
[                ], [                ],
[                ] and [                ], respectively, and you (or, if applicable, such
other person who is entitled to exercise this Option) may exercise the Option to the extent vested on the date of termination of your Service as provided for below. 
 Subject to any terms and conditions that the Committee may impose in accordance with Section 13 of the Plan, in the event that a Change in Control occurs and, within twelve (12) months following
the date of such Change in Control, your Service is terminated by the Company Without Cause (as defined herein), this Option shall vest in full upon such termination. 
 To the extent this Option is or becomes exercisable on the date of termination of your Service, then, if you (or, if applicable, such other person who is entitled to exercise this Option) do not exercise
this Option on or prior to the expiration of the Option Exercise Period (as set forth below), this Option will terminate. In no event may you exercise this Option after the Expiration Date. 

 

			
	 Type of Termination
	  	 Option Exercise Period

		
	Without Cause	  	90 day period beginning on the date of termination
		
	Disability	  	One year period beginning on the date of termination
		
	Death	  	One year period beginning on the date of termination
		
	For Cause	  	None, the Option expires immediately

 For purposes of this Award Agreement, the following terms shall have the following meanings: 

“Cause” means your (i) gross negligence or willful misconduct in connection with your duties as a member of the
Board or refusal, after demand, to substantially perform such duties, (ii) material violation of any of the Company’s policies, procedures, rules and regulations, including, without limitation, the Board of Director Code of Conduct and the
Burger King Companies’ Code of Business Ethics and Conduct, in each case, as they may be amended from time to time in the Company’s sole discretion, (iii) dishonesty, fraud, embezzlement or misappropriation of funds or theft; or
(iv) commission of a felony or other serious crime involving moral turpitude. 
 If you are terminated Without Cause and,
within the twelve (12) month period subsequent to such termination of your Service, the Company determines that your Service could have been terminated for Cause, your Service will, at the election of the Company, be deemed to have been
terminated for Cause, effective as of the date the events giving rise to Cause occurred. 

  
 A-3

 “Disability” means your physical or mental condition rendering you unable
to perform your duties as a member of the Board for a period of six (6) consecutive months or longer. 
 “Without
Cause” means a termination of your Service by the Board other than any such termination by the Board for Cause or due to your death or Disability. 
 Taxes. 
 You acknowledge that you are required to pay
any withholding or other applicable taxes that may be due as a result of the grant, vesting or exercise of this Option and the receipt of Shares hereunder. 
 No Guarantee of Continued Service. 
 You acknowledge
and agree that the vesting of this Option on the Vesting Date is earned only by performing continuing Service (not through the act of being granted this Award). You further acknowledge and agree that this Award Agreement, the transactions
contemplated hereunder and the Vesting Date shall not be construed as giving you the right to continue to provide Service to, the Company or any Affiliate. Further, the Company or the applicable Affiliate may, at any time, dismiss you, free from any
liability, or any claim under the Plan, unless otherwise expressly provided in any other agreement binding you, the Company or the applicable Affiliate. The receipt of this Award is not intended to confer any rights on you except as set forth in
this Award Agreement. 
 Termination for Cause; Restrictive Covenants. 

In consideration for the grant of this Option and for other good and valuable consideration, the sufficiency of which is acknowledged by
you, you agree as follows: 
 Upon (i) a termination of your Service for Cause, (ii) a retroactive termination of your
Service for Cause as permitted herein, or (iii) a violation of any post-termination restrictive covenant (including, without limitation, non-disclosure, non-competition and/or non-solicitation) contained in any separation or termination or
similar agreement you may enter into with the Company or one of its Affiliates in connection with termination of your Service, any Options you hold that are then outstanding shall be immediately forfeited and the Company may require that you repay
(with interest or appreciation (if any), as applicable, determined up to the date payment is made), and you shall promptly repay, to the Company, the Fair Market Value (in cash or in Shares) of any Shares received upon the exercise of Options during
the period beginning on the date that is one year before the date of your termination and ending on the first anniversary of the date of your termination, minus the applicable exercise price. The Fair Market Value of any such Shares shall be
determined as of the date of exercise of such Option. 

  
 A-4

 Company’s Right of Offset. 

If you become entitled to a distribution of benefits under this Award, and if at such time you have any outstanding debt, obligation, or
other liability representing an amount owing to the Company or any of its Affiliates, then the Company or its Affiliates, upon a determination by the Committee, and to the extent permitted by applicable law and it would not cause a violation of
Section 409A of the Code, may offset such amount so owing against the amount of benefits otherwise distributable. Such determination shall be made by the Committee. 
 Acknowledgment of Nature of Award. 
 In accepting this Option, you
acknowledge that: 
 (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified,
amended, suspended or terminated by the Company at any time, as provided in the Plan; 
 (b) the Option award is voluntary,
occasional and discretionary and does not create any contractual or other right to receive future Option awards, or benefits in lieu of Options even if Options have been awarded repeatedly in the past; 

(c) all decisions with respect to future awards, if any, will be at the sole discretion of the Company; 

(d) your participation in the Plan is voluntary; 
 (e) this Option is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company; 

(f) this Option is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculation of
any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; 
 (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; 
 (h) if the underlying Shares do not increase in value, this Option will have no value; 
 (i) if you receive Shares, the value of such Shares acquired upon exercise may increase or decrease in value; and 
 (j) no claim or entitlement to compensation or damages arises from termination of this Option, and no claim or entitlement to compensation or damages shall arise from any diminution in value of this
Option or Shares received upon exercise of this Option resulting from termination of your Service by the Board and you irrevocably release the Company and the Board from any such claim that may arise. 

  
 A-5

 Securities Laws. 

By accepting this Option, you acknowledge that federal securities laws and/or the Company’s policies regarding trading in its
securities may limit or restrict your right to buy or sell Shares, including, without limitation, sales of Shares acquired in connection with this Option. You agree to comply with such federal securities law requirements and Company policies, as
such laws and policies are amended from time to time. 
 Data Privacy Notice and Consent. 

You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as
described in this Award Agreement by and among, as applicable, the Company, its Subsidiaries and its Affiliates or such other third party administrator as designated by the Committee in its sole and absolute discretion for the exclusive purpose of
implementing, administering and managing your participation in the Plan. 
 You understand that the Company and/or such other
third party administrator as designated by the Committee in its sole and absolute discretion may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social
insurance or social security number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of this Option or any other entitlement to Shares awarded, canceled, vested,
unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in your country, or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You understand that you may request a list with
the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the
purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data as may be required to a broker, escrow agent or other third party with whom the Shares received upon exercise of this
Option may be deposited. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view Data, request additional information about
the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources representative. You understand that refusal or
withdrawal of consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative.

  
 A-6

 Limits on Transferability; Beneficiaries. 

This Option shall not be pledged, hypothecated or otherwise encumbered or subject to any lien, obligation or liability to any party, or
Transferred, otherwise than by your will or the laws of descent and distribution or to a Beneficiary upon your death, and this Option shall be exercised during your lifetime only by you or your guardian or legal representative, except that this
Option may be Transferred to one or more Beneficiaries or other Transferees during your lifetime with the consent of the Committee, and may be exercised by such Transferees in accordance with the terms of this Award Agreement. A Beneficiary,
Transferee, or other person claiming any rights under this Award Agreement shall be subject to all terms and conditions of the Plan and this Award Agreement, except as otherwise determined by the Committee, and to any additional terms and conditions
deemed necessary or appropriate by the Committee. 
 No Transfer to any executor or administrator of your estate or to any
Beneficiary by will or the laws of descent and distribution of any rights in respect of this Option shall be effective to bind the Company unless the Committee shall have been furnished with (i) written notice thereof and with a copy of the
will and/or such evidence as the Committee may deem necessary to establish the validity of the Transfer and (ii) the written agreement of the Transferee to comply with all the terms and conditions applicable to this Option and any Shares
purchased upon exercise of this Option that are or would have been applicable to you. 
 No Compensation Deferrals. 

It is intended that the Option awarded pursuant to this Award Agreement be exempt from Section 409A of the Code (“Section
409A”) because it is believed that (i) the Exercise Price per Share may never be less than the Fair Market Value of a Share on the Grant Date and the number of Shares subject to the Option is fixed on the original Grant Date, (ii) the
Transfer or exercise of the Option is subject to taxation under Section 83 of the Code and Treasury Regulation 1.83-7, and (iii) the Option does not include any feature for the deferral of compensation other than the deferral of
recognition of income until the exercise of the Option. The provisions of this Award Agreement shall be interpreted in a manner consistent with this intention. In the event that the Company believes, at any time, that any benefit or right under this
Award Agreement is subject to Section 409A, then the Committee may (acting alone and without any required consent by you) amend this Award Agreement in such manner as the Committee deems necessary or appropriate to be exempt from or otherwise
comply with the requirements of Section 409A (including without limitation, amending the Award Agreement to increase the Exercise Price per Share to such amount as may be required in order for the Option to be exempt from Section 409A).

 Notwithstanding the foregoing, the Company does not make any representation to you that the Option awarded pursuant to this
Agreement is exempt from, or satisfies, the requirements of Section 409A, and the Company shall have no liability or other obligation to indemnify or hold harmless you or any Beneficiary for any tax, additional

  
 A-7

 
tax, interest or penalties that you or any Beneficiary may incur in the event that any provision of this Agreement, or any amendment or modification thereof or any other action taken with respect
thereto, is deemed to violate any of the requirements of Section 409A. 
 Entire Agreement; Governing Law; Jurisdiction; Waiver of
Jury Trial. 
 The Plan, this Award Agreement and, to the extent applicable, any separation agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings, representations and agreements (whether oral or written) of the Company and you with respect to the subject matter
hereof. This Award Agreement may not be modified in a manner that adversely affects your rights heretofore granted under the Plan, except with your consent or to comply with applicable law or to the extent permitted under other provisions of the
Plan. This Award Agreement is governed by the laws of the State of Delaware, without regard to its principles of conflict of laws. 
 ANY ACTION OR PROCEEDING AGAINST THE PARTIES RELATING IN ANY WAY TO THIS AGREEMENT MAY BE BROUGHT EXCLUSIVELY IN THE COURTS OF THE STATE OF FLORIDA OR (TO THE EXTENT SUBJECT MATTER JURISDICTION EXISTS
THEREFORE) THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF FLORIDA, AND YOU IRREVOCABLY SUBMIT TO THE JURISDICTION OF BOTH SUCH COURTS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING. ANY ACTIONS OR PROCEEDINGS TO ENFORCE A JUDGMENT ISSUED BY ONE
OF THE FOREGOING COURTS MAY BE ENFORCED IN ANY JURISDICTION. 
 TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE
WAIVED, YOU HEREBY WAIVE, AND COVENANT THAT YOU WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM OR PROCEEDING ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER
HEREOF, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER IN CONTRACT, TORT OR OTHERWISE. 
 By signing this
Award Agreement, you acknowledge receipt of a copy of the Plan and represent that you are familiar with the terms and conditions of the Plan, and hereby accept this Award subject to all provisions in this Award Agreement and in the Plan. You hereby
agree to accept as final, conclusive and binding all decisions or interpretations of the Committee upon any questions arising under the Plan or this Award Agreement. 
 Electronic Delivery. 
 The Company may, in its sole discretion,
decide to deliver any documents related to this Option or future options that may be awarded under the Plan by electronic means 

  
 A-8

 
or request your consent to participate in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line
or electronic system established and maintained by the Company or another third party designated by the Company. 
 Agreement
Severable. 
 In the event that any provision in this Award Agreement will be held invalid or unenforceable, such
provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement. 
 Language. 
 If you have received this Award Agreement or any other
document related to the Plan translated into a language other than English and if the translated version is different that the English version, the English version will control. 

  
 A-9

 APPENDIX A 

ADDITIONAL TERMS AND CONDITIONS OF THE 
 BURGER KING WORLDWIDE, INC. 
 AMENDED AND RESTATED 2012 OMNIBUS INCENTIVE
PLAN 
 OPTION AWARD AGREEMENT FOR NON-U.S. PARTICIPANTS 
 TERMS AND CONDITIONS 
 This Appendix A includes additional terms and conditions that govern
this Option granted to you under the Plan if you are located outside the U.S. and/or in one of the countries listed below at the time of grant. Certain capitalized terms used but not defined in this Appendix A have the meanings set forth in the
Amended and Restated 2012 Omnibus Incentive Plan and/or the Option Award Agreement. 
 NOTIFICATIONS 

This Appendix A also includes information regarding exchange controls and certain other issues of which you should be aware with respect to participation
in the Plan. The information is based on the securities, exchange control, and other laws in effect in the respective countries as of January 2011. Such laws are often complex and change frequently. As a result, the Company strongly recommends that
you not rely on the information in this Appendix A as the only source of information relating to the consequences of your participation in the Plan because the information may be out of date at the time you vest in or exercise this Option or sell
Shares acquired under the Plan. 
 In addition, the information contained herein is general in nature and may not apply to your particular
situation, and the Company is not in a position to assure you of a particular result. Accordingly, you are advised to seek appropriate professional advice as to how the relevant laws in your country may apply to your situation. 

Finally, if you are a citizen or resident of a country other than the one in which you are currently working, transfer employment after this Option is
granted or are considered a resident of another country for local law purposes, the notifications contained herein may not be applicable to you, and the Company shall, in its discretion, determine to what extent the terms and conditions contained
herein shall apply to you. 
  
  

 
 GENERAL NON-U.S. TERMS AND CONDITIONS

 TERMS AND CONDITIONS 

The following terms and conditions apply to you if you are located outside of the U.S. at the time of grant. 

  
 A-10

 Entire Agreement. 
 The following provisions supplement the entire Award Agreement, generally: 
 If you are located
outside the U.S., in no event will any aspect of this Option be determined in accordance with your Service contract, if applicable. The terms and conditions of this Option will be solely determined in accordance with the provisions of the Plan and
the Award Agreement, including this Appendix A, which supersede and replace any prior agreement, either written or verbal in relation to this Option. 
 Termination for Cause. 
 The Termination for Cause section of the Award
Agreement shall only be enforced, to the extent deemed permissible under applicable local law, as determined in the sole discretion of the Committee. 
 Taxes. 
 The following provisions supplement the Taxes section of the Award
Agreement: 
 You acknowledge that your liability for Tax-Related Items may exceed the amount withheld by the Company. 

If you have become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as
applicable, you acknowledge that the Company may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 To
avoid any negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is
satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the exercised Option, notwithstanding that a number of Shares are held back solely for the purpose of paying the
Tax-Related Items due as a result of any aspect of your participation in the Plan. 
 Limits on Transferability; Beneficiaries.

 The following provision supplements the Limits on Transferability; Beneficiaries section of the Award Agreement: 

If you are located outside the U.S., this Option may not be Transferred to a designated Beneficiary and may only be Transferred upon your death to your
legal heirs in accordance with applicable laws of descent and distribution. In no case may this Option be Transferred to another individual during your lifetime. 

  
 A-11

 Acknowledgement of Nature of Award. 
 The following provisions supplement the Acknowledgment of Nature of Award section of the Award Agreement: 
 You acknowledge the following with respect to this Option: 
 (a) The Option and
any Shares acquired under the Plan are not intended to replace any pension rights or compensation. 
 (b) In no event should
this Option or any Shares acquired under the Plan be considered as compensation for, or relating in any way to, past services for the Company or any Affiliate. 
 No Advice Regarding Award. 
 The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Shares. You are hereby advised to consult with your own personal tax, legal and financial advisors
regarding your participation in the Plan before taking any action related to the Plan. 
 Governing Law. 

The following provisions supplement the Governing Law section of the Award Agreement: 
 For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or the Award Agreement, the parties hereby submit to and consent to
the exclusive jurisdiction of the State of Florida and agree that such litigation shall be conducted only in the court of Miami-Dade County, Florida, or the federal courts for the United States for the Southern District of Florida, and no other
courts, where this grant is made and/or to be performed. 
 Appendix A. 
 Notwithstanding any provision in this Award Agreement, this Option grant shall be subject to the special terms and conditions set forth in any appendix to the Award Agreement for your country, including
the provisions set forth in this Appendix A. Moreover, if you relocate to one of the countries included in this Appendix A, the special terms and conditions for such country will apply to you, to the extent the Company determines that the
application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of the Award Agreement. 

Imposition of Other Requirements. 

The Company reserves the right to impose other requirements on your participation in the Plan, on this Option and on any Shares purchased upon exercise of
this Option, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary
to accomplish the foregoing. 

  
 A-12

 BELGIUM 
 NOTIFICATIONS 
 Tax Acknowledgment. 

You are required to report any bank accounts opened and maintained outside Belgium on your annual tax return. 

BRAZIL 
 TERMS AND CONDITIONS

 Compliance with Law. 
 By accepting this Option you acknowledge that you agree to comply with applicable Brazilian laws and pay any and all applicable taxes legally due by you associated with the exercise of this Option, the
receipt of any dividends, and the sale of Shares acquired under the Plan. 
 NOTIFICATIONS 

Exchange Control Information. 
 If
you are resident or domiciled in Brazil, you will be required to submit annually a declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than
US$100,000. Assets and rights that must be reported include Shares. 
 SWITZERLAND 

NOTIFICATIONS 
 Securities Law
Information. 
 The offer of this Option is considered a private offering in Switzerland and is therefore not subject to registration in
Switzerland. 

  
 A-13EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
  

 
  

NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II 

as Issuing Entity 
 and

 CITIBANK, N.A. 

as Indenture Trustee 

SERIES 2013-2 INDENTURE SUPPLEMENT 

dated as of October 24, 2013 

to 
 INDENTURE 

dated as of November 2, 2011 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	ARTICLE I Definitions and Other Provisions of General Application	  	 	1	  
	 Section 1.01
	 	 Definitions
	  	 	1	  
		
	ARTICLE II The Notes	  	 	18	  
	 Section 2.01
	 	 Creation and Designation
	  	 	18	  
	 Section 2.02
	 	 Form of Delivery; Depository; Denominations
	  	 	18	  
	 Section 2.03
	 	 Delivery and Payment
	  	 	18	  
	 Section 2.04
	 	 Reopening
	  	 	19	  
		
	ARTICLE III Allocations, Deposits and Payments	  	 	19	  
	 Section 3.01
	 	 Series 2013-2 Available Interest Amounts
	  	 	19	  
	 Section 3.02
	 	 Series 2013-2 Available Principal Amounts
	  	 	23	  
	 Section 3.03
	 	 Reductions and Reinstatements
	  	 	24	  
	 Section 3.04
	 	 Payment on the Series 2013-2 Notes.
	  	 	27	  
	 Section 3.05
	 	 Accumulation Period Length and Accumulation Period Commencement Date
	  	 	28	  
	 Section 3.06
	 	 Final Payment of the Series 2013-2 Notes
	  	 	28	  
	 Section 3.07
	 	 Netting of Deposits and Payments
	  	 	29	  
	 Section 3.08
	 	 Calculation Agent; Determination of LIBOR
	  	 	29	  
	 Section 3.09
	 	 Computation of Interest
	  	 	30	  
	 Section 3.10
	 	 Accounts
	  	 	30	  
	 Section 3.11
	 	 Spread Account
	  	 	30	  
	 Section 3.12
	 	 Negative Carry Account
	  	 	31	  
	 Section 3.13
	 	 Principal Funding Account
	  	 	32	  
	 Section 3.14
	 	 Reports and Statements to Series 2013-2 Noteholders
	  	 	32	  
		
	ARTICLE IV MISCELLANEOUS PROVISIONS	  	 	33	  
	 Section 4.01
	 	 Ratification of Indenture
	  	 	33	  
	 Section 4.02
	 	 Counterparts
	  	 	33	  
	 Section 4.03
	 	 Governing Law
	  	 	33	  
	 Section 4.04
	 	 Limitation of Owner Trustee Liability
	  	 	33	  
	 Section 4.05
	 	 No Registration of the Series 2013-2 Notes under the Securities Act
	  	 	33	  
	 Section 4.06
	 	 Consent to Amendments in Backup Servicing Agreement
	  	 	38	  
	 Section 4.07
	 	 Amendments
	  	 	38	  

  
 i 

 EXHIBITS 
  

			
	EXHIBIT A-1	  	FORM OF SERIES 2013-2 NOTE, CLASS A
		
	EXHIBIT A-2	  	FORM OF SERIES 2013-2 NOTE, CLASS B
		
	EXHIBIT A-3	  	FORM OF SERIES 2013-2 NOTE, CLASS C
		
	EXHIBIT A-4	  	FORM OF SERIES 2013-2 NOTE, CLASS D
		
	EXHIBIT B	  	FORM OF MONTHLY SERVICER AND SETTLEMENT CERTIFICATE

  
 ii 

 This SERIES 2013-2 INDENTURE SUPPLEMENT (this “Indenture Supplement”), by and
between NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II, a statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), and CITIBANK, N.A., a national banking association, as Indenture Trustee, is
made and entered into as of October 24, 2013. 
 Pursuant to this Indenture Supplement, the Issuing Entity shall create a new Series of
Notes and shall specify the principal terms thereof. 
 ARTICLE I 

Definitions and Other Provisions of General Application 

Section 1.01 Definitions. For all purposes of this Indenture Supplement, except as otherwise expressly provided or unless the
context otherwise requires: 
 (1) the capitalized terms used in this Indenture Supplement shall have the meanings assigned to them in this
Article, and include the plural as well as the singular; 
 (2) all other capitalized terms used but not defined herein which are defined in
Part I of Appendix A to the Pooling and Servicing Agreement, either directly or by reference therein, have the meanings assigned to them therein; 

(3) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder means such accounting principles as are generally
accepted in the United States of America at the date of such computation; 
 (4) all references in this Indenture Supplement to designated
“Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions of this Indenture Supplement. The words “herein,” “hereof” and
“hereunder” and other words of similar import refer to this Indenture Supplement as a whole and not to any particular Article, Section or other subdivision; 

(5) in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in
the Indenture, the terms and provisions of this Indenture Supplement shall be controlling; 
 (6) except as expressly provided herein, each
capitalized term defined herein shall relate only to the Series 2013-2 Notes and no other Series of Notes issued by the Issuing Entity; and 

(7) “including” and words of similar import shall be deemed to be followed by “without limitation.” 

“Accumulation Period” means the period from and including the Accumulation Period Commencement Date to but excluding the
earlier of (i) the beginning of an Early Redemption Period or (ii) the Series 2013-2 Termination Date. 

 “Accumulation Period Commencement Date” means the date determined by the
Servicer pursuant to Section 3.05; provided, however, that, if on the Specified Accumulation Period Commencement Date or on any date after the Specified Accumulation Period Commencement Date any other outstanding series of
notes issued pursuant to the Indenture shall have entered into an early redemption period as defined for such other series of notes and the Accumulation Period Commencement Date has not occurred, the Accumulation Period Commencement Date shall be
the date that such other outstanding series of notes shall have entered into an early redemption period. 
 “Accumulation Period
Length” means the number of Due Periods (rounded up to the nearest whole number) from the Accumulation Period Commencement Date to the last day of the Due Period immediately preceding the Expected Principal Distribution Date. 

“Aggregate Receivables Balance” means, as of any date of determination, the aggregate principal amount of the Dealer Notes
held by the Issuing Entity as of such date. 
 “Aggregate Trust Balance” means, as of any date of determination, the sum of
the Aggregate Receivables Balance plus the amount on deposit in the Excess Funding Account as of such date. 
 “Calculation
Agent” is defined in Section 3.08. 
 “Cash Collateral Percentage” means, with respect to any Transfer
Date, the percentage equivalent of a fraction equal to (a) the sum of the amount on deposit in the Excess Funding Account and in each of the principal funding accounts with respect to each series of notes issued pursuant to the Indenture over
(b) the sum of (i) the Outstanding Principal Amount of the Series 2013-2 Notes and the outstanding principal amount of each other series of notes issued pursuant to the Indenture, (ii) the Series 2013-2 Target Overcollateralization
Amount and the target overcollateralization amount specified for each other series of notes issued under the Indenture, and (iii) the Series 2013-2 Required Excess Seller’s Interest and the required excess seller’s interest for each
other series of notes issued under the Indenture. 
 “Class A Interest Rate” means, with respect to any Interest Period, a
rate per annum equal to LIBOR, as determined by the Calculation Agent on the LIBOR Determination Date with respect to such Interest Period, plus 0.68%. 

“Class A Monthly Interest” is defined in Section 3.01. 

“Class A Nominal Liquidation Amount” means, at any time, an amount equal to: 

 

	 	(i)	the Class A Outstanding Principal Amount; 

  

	 	(ii)	minus the reductions to the Class A Nominal Liquidation Amount pursuant to Section 3.03(b) on or prior to such date of determination; 

 

	 	(iii)	plus the reinstatements of the Class A Nominal Liquidation Amount pursuant to Section 3.03(d) on or prior to such date of determination; 

 

	 	(iv)	minus the amount (other than investment earnings) then on deposit in the Series 2013-2 Principal Funding Account (after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that
day) up to the amount that would reduce the Class A Nominal Liquidation Amount to zero; 

  
 2 

 provided, however, the Class A Nominal Liquidation Amount may never be greater than the
Class A Outstanding Principal Amount or less than zero. 
 “Class A Notes” means the $211,330,000 Class A
Floating Rate Dealer Note Asset Backed Notes, Series 2013-2. 
 “Class A Outstanding Principal Amount” equals the aggregate
initial outstanding principal amount of the Class A Notes, minus any principal payments made to holders of the Class A Notes. 

“Class B Interest Rate” means, with respect to any Interest Period, a rate per annum equal to LIBOR, as determined by the
Calculation Agent on the LIBOR Determination Date with respect to such Interest Period, plus 1.00%. 
 “Class B Monthly
Interest” is defined in Section 3.01. 
 “Class B Nominal Liquidation Amount” means, at any time, an
amount equal to: 
  

	 	(i)	the Class B Outstanding Principal Amount; 

  

	 	(ii)	minus the reductions to the Class B Nominal Liquidation Amount pursuant to Section 3.03(b) on or prior to such date of determination; 

 

	 	(iii)	plus the reinstatements of the Class B Nominal Liquidation Amount pursuant to Section 3.03(d) on or prior to such date of determination; 

 

	 	(iv)	minus the amount (other than investment earnings) then on deposit in the Series 2013-2 Principal Funding Account (after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that
day) in excess of the amount allocated to the Class A Nominal Liquidation Amount up to the amount that would reduce the Class B Nominal Liquidation Amount to zero; 

provided, however, the Class B Nominal Liquidation Amount may never be greater than the Class B Outstanding Principal Amount or less than zero.

 “Class B Notes” means the $13,120,000 Class B Floating Rate Dealer Note Asset Backed Notes, Series 2013-2. 

“Class B Outstanding Principal Amount” equals the aggregate initial outstanding principal amount of the Class B Notes,
minus any principal payments made to holders of the Class B Notes. 

  
 3 

 “Class C Interest Rate” means, with respect to any Interest Period, a rate per
annum equal to LIBOR, as determined by the Calculation Agent on the LIBOR Determination Date with respect to such Interest Period, plus 1.50%. 

“Class C Monthly Interest” is defined in Section 3.01. 

“Class C Nominal Liquidation Amount” means, at any time, an amount equal to: 

 

	 	(i)	the Class C Outstanding Principal Amount, 

  

	 	(ii)	minus the reductions to the Class C Nominal Liquidation Amount pursuant to Section 3.03(b) on or prior to such date of determination; 

 

	 	(iii)	plus the reinstatements of the Class C Nominal Liquidation Amount pursuant to Section 3.03(d) on or prior to such date of determination; 

 

	 	(iv)	minus the amount (other than investment earnings) then on deposit in the Series 2013-2 Principal Funding Account (after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that
day) in excess of the amount allocated to the Class A Nominal Liquidation Amount and the Class B Nominal Liquidation Amount up to the amount that would reduce the Class C Nominal Liquidation Amount to zero; 

provided, however, the Class C Nominal Liquidation Amount may never be greater than the Class C Outstanding Principal Amount or less than zero.

 “Class C Notes” means the $11,740,000 Class C Floating Rate Dealer Note Asset Backed Notes, Series 2013-2. 

“Class C Outstanding Principal Amount” equals the aggregate initial outstanding principal amount of the Class C Notes,
minus any principal payments made to holders of the Class C Notes. 
 “Class D Interest Rate” means, with respect to
any Interest Period, a rate per annum equal to LIBOR, as determined by the Calculation Agent on the LIBOR Determination Date with respect to such Interest Period, plus 2.25%. 

“Class D Monthly Interest” is defined in Section 3.01. 

“Class D Nominal Liquidation Amount” means, at any time, an amount equal to: 

 

	 	(i)	the Class D Outstanding Principal Amount, 

  

	 	(ii)	minus the reductions to the Class D Nominal Liquidation Amount pursuant to Section 3.03(b) on or prior to such date of determination; 

 

	 	(iii)	plus the reinstatements of the Class D Nominal Liquidation Amount pursuant to Section 3.03(d) on or prior to such date of determination; 

 

	 	(iv)	minus the amount (other than investment earnings) then on deposit in the Series 2013-2 Principal Funding Account (after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that
day) in excess of the amount allocated to the Class A Nominal Liquidation Amount, the Class B Nominal Liquidation Amount and the Class C Nominal Liquidation Amount up to the amount that would reduce the Class D Nominal Liquidation Amount to
zero; 

  
 4 

 provided, however, the Class D Nominal Liquidation Amount may never be greater than the Class D
Outstanding Principal Amount or less than zero. 
 “Class D Notes” means the $13,810,000 Class D Floating Rate Dealer Note
Asset Backed Notes, Series 2013-2. 
 “Class D Outstanding Principal Amount” equals the aggregate initial outstanding
principal amount of the Class D Notes, minus any principal payments made to holders of the Class D Notes. 
 “Collateral
Amount” means, with respect to the Series 2013-2 Notes, the Series 2013-2 Collateral Amount. 
 “Controlling
Class” means, with respect to the Series 2013-2 Notes, the Series 2013-2 Controlling Class. 
 “Distribution Date”
means the 25th day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day commencing November 25, 2013. 

“Early Redemption Events” means, with respect to the Series 2013-2 Notes, each of the following: 

 

	 	(A)	failure on the part of the Depositor (i) to make any payment, distribution or deposit required under the Pooling and Servicing Agreement within five Business Days after the date due or (ii) to observe or
perform in any material respect any other material covenants or agreements of the Depositor therein, which failure has a material adverse effect on the Series 2013-2 Noteholders and which continues unremedied for a period of 60 days after written
notice of such failure shall have been given to the Depositor by the Indenture Trustee or to the Depositor and the Indenture Trustee by any Holder of the Series 2013-2 Notes; 

 

	 	(B)	 any representation or warranty made by the Depositor pursuant to the Pooling and Servicing Agreement or any information contained in the schedule of
Dealer Notes delivered thereunder shall prove to have been incorrect in any material respect when made or when delivered, which representation, warranty or schedule, or the circumstances or condition that caused such representation, warranty or
schedule to be incorrect, continues to be incorrect or uncured in any material respect for a period of 60 days after written notice of such incorrectness shall have been given to the Depositor by the Indenture Trustee or to the Depositor and the
Indenture Trustee by any Holder of the Series 2013-2 Notes and as a result of which the interests of the Series 2013-2 Noteholders are 

  
 5 

	 	
materially and adversely affected; provided, however, that an Early Redemption Event shall not be deemed to occur if the Depositor has repurchased the related Dealer Notes or all
such Dealer Notes, if applicable, during such period in accordance with the provisions of the Pooling and Servicing Agreement; 

  

	 	(C)	any of the Depositor, Navistar, NIC or NFC shall file a petition commencing a voluntary case under any chapter of the federal bankruptcy laws; or the Depositor, Navistar, NIC or NFC shall file a petition or answer or
consent seeking reorganization, arrangement, adjustment or composition under any other similar applicable federal law, or shall consent to the filing of any such petition, answer or consent; or the Depositor, Navistar, NIC or NFC shall appoint, or
consent to the appointment of, a custodian, receiver, liquidator, trustee, assignee, sequestrator or other similar official in bankruptcy or insolvency of it or of any substantial part of its property; or the Depositor, Navistar, NIC or NFC shall
make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due; 

  

	 	(D)	any order for relief against any of the Depositor, Navistar, NIC or NFC shall have been entered by a court having jurisdiction in the premises under any chapter of the federal bankruptcy laws, and such order shall have
continued undischarged or unstayed for a period of 120 days; or a decree or order by a court having jurisdiction in the premises shall have been entered approving as properly filed a petition seeking reorganization, arrangement, adjustment, or
composition of the Depositor, Navistar, NIC or NFC under any other similar applicable federal law, and such decree or order shall have continued undischarged or unstayed for a period of 120 days; or a decree or order of a court having jurisdiction
in the premises for the appointment of a custodian, receiver, liquidator, trustee, assignee, sequestrator or other similar official in bankruptcy or insolvency of the Depositor, Navistar, NIC or NFC of any substantial part of their property, or for
the winding up or liquidation of their affairs, shall have been entered, and such decree or order shall have remained in force undischarged or unstayed for a period of 120 days; 

 

	 	(E)	the Depositor shall become legally unable for any reason to transfer Dealer Notes to the Issuing Entity in accordance with the provisions of the Pooling and Servicing Agreement; 

 

	 	(F)	on any Transfer Date, after giving effect to allocations to be made on that Transfer Date (including payments to be made on the related Distribution Date), the Series 2013-2 Target Overcollateralization Amount exceeds
the Series 2013-2 Overcollateralization Amount; provided, however, that if such shortfall was caused by an increase in the Series 2013-2 Target Overcollateralization Amount as a result of the occurrence of an Excess Cash Collateral
Event, there shall be a six month grace period to increase the Series 2013-2 Overcollateralization Amount to the required level; 

  
 6 

	 	(G)	any Servicer Termination Event shall occur (i) which would have a material adverse effect on the Series 2013-2 Noteholders and (ii) for which the Servicer has received a notice of termination;

  

	 	(H)	the average Monthly Payment Rate for any three consecutive Due Periods is less than Monthly Payment Rate Trigger; 

  

	 	(I)	the Series 2013-2 Outstanding Principal Amount is not repaid by the Expected Principal Distribution Date; 

  

	 	(J)	the Issuing Entity becomes an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and is not exempt from compliance with that Act; 

 

	 	(K)	the occurrence of an Event of Default under the Indenture; 

  

	 	(L)	the delivery by the Depositor to the Issuing Entity of a notice stating that the Depositor shall no longer continue to sell Dealer Notes to the Issuing Entity pursuant to the Pooling and Servicing Agreement commencing
on the date specified in such notice; 

  

	 	(M)	at the end of any Due Period, the Seller’s Interest is reduced to an amount less than the Minimum Seller’s Interest and the Depositor has failed to assign additional Dealer Notes to the Issuing Entity or
deposit cash into the Excess Funding Account, the Series 2013-2 Principal Funding Account or any other principal funding account with respect to any other series of notes issued pursuant to the Indenture in the amount of such deficiency within ten
Business Days following the end of such Due Period; provided, however, that if such deficiency was caused by an increase in the Minimum Seller’s Interest as a result of the occurrence of an Excess Cash Collateral Event or an
excess cash collateral event for any other series of notes issued under the Indenture, there shall be a six month grace period to increase the Seller’s Interest to the required level; 

 

	 	(N)	on any Determination Date, the quotient of (a) the sum of Dealer Note Losses for the related Due Period and the five immediately preceding Due Periods and (b) the sum of Principal Collections for the related
Due Period and the five immediately preceding Due Periods, is greater than or equal to one and a half percent (1.5%); 

  

	 	(O)	failure on the part of Navistar to make a deposit in the Interest Deposit Account required by the terms of the Interest Deposit Agreement on or before the date occurring five Business Days after the date such deposit is
required by the Interest Deposit Agreement to be made; and 

  

	 	(P)	upon an increase in the Spread Account Required Amount as a result of the average Monthly Payment Rate for any three consecutive Due Periods being less than the Monthly Payment Rate Enhancement Trigger, the amount on
deposit in the Series 2013-2 Spread Account is less than the Spread Account Required Amount for five (5) consecutive Business Days. 

  
 7 

 In the case of any event described in clauses (A), (B) or
(G) above, an Early Redemption Event with respect to Series 2013-2 Notes shall be deemed to have occurred only if, after the applicable grace period described in those clauses, if any, either the Indenture Trustee or Series 2013-2
Noteholders holding Series 2013-2 Notes evidencing more than 50% of the Series 2013-2 Outstanding Principal Amount by written notice to the Depositor, the Servicer, the Issuing Entity and, if given by Series 2013-2 Noteholders, the Indenture
Trustee, declare that an Early Redemption Event has occurred as of the date of that notice. In the case of any Early Redemption Event other than clauses (A), (B) or (G) described above, an Early Redemption Event with
respect to the Series 2013-2 Notes shall be deemed to have occurred without any notice or other action on the part of the Indenture Trustee or the Series 2013-2 Noteholders immediately upon the occurrence of that event. 

“Early Redemption Period” means the period from and including the date on which an Early Redemption Event occurs to but
excluding the Series 2013-2 Termination Date. 
 “Excess Available Interest Amounts” means, with respect to any Due Period,
either (i) the portion of Series 2013-2 Available Interest Amounts, if any, available after application pursuant to Section 3.01(a)(i) through (xii) or (ii) the amounts available to the Series 2013-2 Notes from the
Notes of other Series in Excess Interest Sharing Group One that the applicable Indenture Supplements specify are to be treated as “Excess Available Interest Amounts.” 

“Excess Available Principal Amounts” means, with respect to any Business Day, either (i) the sum of (A) the portion
of Series 2013-2 Available Principal Amounts, if any, available after application pursuant to Section 3.02(a)(i) through (vi), plus (B) the amounts withdrawn from the Series 2013-2 Principal Funding Account pursuant to
Section 3.13 and treated as “Excess Available Principal Amounts,” or (ii) the amounts available to the Series 2013-2 Notes from the Notes of other Series in Principal Sharing Group One that the applicable Indenture
Supplements specify are to be treated as “Excess Available Principal Amounts” on the related Business Day. 
 “Excess Cash
Collateral Event” shall be deemed to have occurred and be continuing if for any 18 consecutive Transfer Dates the Cash Collateral Percentage has exceeded the Excess Cash Collateral Trigger; provided, however, that an Excess
Cash Collateral Event shall be deemed to have been cured if subsequent to the occurrence of the Excess Cash Collateral Event the Cash Collateral Percentage is less than Excess Cash Collateral Trigger for six consecutive Transfer Dates. 

“Excess Cash Collateral Trigger” means 50%. 

“Excess Interest Sharing Group One” means Series 2013-2 and each other Series of Notes specified in the related Indenture
Supplement as being included in Excess Interest Sharing Group One. 
 “Expected Principal Distribution Date” means
September 25, 2015. 

  
 8 

 “Interest Period” means, with respect to any Distribution Date, the period from
and including the preceding Distribution Date to but excluding that Distribution Date, or, in the case of the first Distribution Date, from and including the Issuance Date to but excluding such first Distribution Date. 

“Issuance Date” means October 24, 2013. 

“Legal Final Maturity Date” means September 25, 2018. 

“LIBOR” means the interest rate determined by the Calculation Agent in accordance with the following provisions: 

 

	 	(1)	On each LIBOR Determination Date, LIBOR shall be determined on the basis of the offered rates for deposits in United States Dollars having a one month maturity, which appear on the LIBOR 01 Page as of 11:00 A.M., London
time, on that LIBOR Determination Date. These posted offered rates are for value on the second Business Day after which dealings in deposits in United States Dollars are transacted in the London interbank market. If at least two of these offered
rates appear on the LIBOR 01 Page, the rate for that LIBOR Determination Date shall be the arithmetic mean (rounded, if necessary, to the nearest one hundred-thousandth of a percent) of these offered rates as determined by the Calculation Agent. If
fewer than two offered rates appear, LIBOR for that LIBOR Determination Date shall be determined as if the parties had specified the rate described in (2) below. 

 

	 	(2)	 On any LIBOR Determination Date on which fewer than two offered rates appear on the LIBOR 01 Page as specified in (1) above, LIBOR shall be
determined on the basis of the rates at which deposits in United States Dollars are offered by the Reference Banks at approximately 11:00 A.M., London time, on that LIBOR Determination Date to prime banks in the London interbank market, having a one
month maturity, those deposits commencing on the second London Business Day immediately following that LIBOR Determination Date and in a principal amount of not less than U.S. $1,000,000 that is representative for a single transaction in that market
at that time. The Calculation Agent shall request the principal London office of each of those Reference Banks to provide a quotation of its rate. If at least two of those quotations are provided, LIBOR for that LIBOR Determination Date shall be the
arithmetic mean (rounded, if necessary, to the nearest one hundred-thousandth of a percent) of those quotations. If fewer than two quotations are provided, LIBOR for that LIBOR Determination Date shall be the arithmetic mean (rounded, if necessary,
to the nearest one hundred-thousandth of a percent) of the rates quoted by three major banks in the City of New York selected by the Calculation Agent at approximately 11:00 A.M., New York City time, on that LIBOR Determination Date for loans in
United States Dollars to leading European banks, having a one month maturity, those loans commencing on the second London Business Day immediately following that LIBOR Determination Date and in a principal amount of not less than U.S. $1,000,000
that is representative for a single transaction in that market at that time, provided, 

  
 9 

	 	
however, that if the banks in the City of New York selected as aforesaid by the Calculation Agent are not quoting as mentioned in this sentence, LIBOR with respect to that LIBOR
Determination Date shall be LIBOR in effect immediately prior to that LIBOR Determination Date. 

 “LIBOR
Determination Date” means, for any Interest Period, the date which is two London Business Days prior to the start of that Interest Period. 

“London Business Day” means a day that is both a Business Day and a day on which banking institutions in the City of London,
England are not required or authorized by law to be closed. 
 “Mismatch Rate” means 1.17%. 

“Monthly Payment Rate” means, on any Determination Date, the quotient of (1) the sum of Dealer Note Collections for the
related Due Period and (2) the daily average Aggregate Receivables Balance during the related Due Period. 
 “Monthly Payment
Rate Enhancement Trigger” means 20%. 
 “Monthly Payment Rate Trigger” means 16%. 

“Nominal Liquidation Amount” means, with respect to the Series 2013-2 Notes, the Series 2013-2 Nominal Liquidation Amount.

 “Nominal Liquidation Amount Deficit” means, with respect to the Series 2013-2 Notes as of any Transfer Date, the excess
of the aggregate of the reallocations and reductions made pursuant to Section 3.03 on or prior to such Transfer Date, over the aggregate amount of all reinstatements pursuant to Section 3.03 on or prior to such Transfer Date.

 “Overcollateralization Amount” means, with respect to the Series 2013-2 Notes, the Series 2013-2 Overcollateralization
Amount. 
 “Overcollateralization Amount Deficit” means, with respect to the Series 2013-2 Notes as of any Transfer Date,
the excess of the Series 2013-2 Target Overcollateralization Amount as of such Transfer Date over the Series 2013-2 Overcollateralization Amount as of such Transfer Date. 

“Pooling and Servicing Agreement” means the Pooling and Servicing Agreement, dated as of November 2, 2011, among the
Depositor, the Servicer and the Issuing Entity, as amended and supplemented from time to time. 
 “Principal Sharing Group
One” means Series 2013-2 and each other Series specified in the related Indenture Supplement as being included in Principal Sharing Group One. 

“Qualified Institutional Buyer” is defined in Section 4.05(b)(i). 

  
 10 

 “Rating Agency Condition” means, with respect to the Series 2013-2, the Series
2013-2 Rating Agency Condition. 
 “Reference Banks” means the principal London offices of Credit Suisse AG, Cayman Islands
Branch and Bank of America, N.A. 
 “Reinstatement Amount” is defined in Section 3.01(a)(viii). 

“Required Negative Carry Account Balance” means (a) for any date during the Revolving Period when funds are on deposit
or to be deposited into the Series 2013-2 Principal Funding Account, the greater of (i) the product of (A) the amount on deposit in the Series 2013-2 Principal Funding Account (after giving effect to any deposits or withdrawals to be made
on such date), (B) the Mismatch Rate, and (C) 1/12 times the number of full months until the Expected Principal Distribution Date and (ii) 0.75% of the amount on deposit in the Series 2013-2 Principal Funding Account (after giving
effect to any deposits or withdrawals to be made on such date) and (b) at all other times, zero. 
 “Required Seller’s
Percentage” means 0%. 
 “Revolving Period” means the period beginning on the Issuance Date and ending when an
Accumulation Period or Early Redemption Period begins. 
 “Series 2013-2” is defined in Section 2.01. 

“Series 2013-2 Accounts” is defined in Section 3.10(a). 

“Series 2013-2 Allocated Dealer Note Losses” means, with respect to any Due Period and the related Transfer Date, the product
of the Series 2013-2 Variable Allocation Percentage for such Due Period and Dealer Note Losses for such Due Period. 
 “Series
2013-2 Allocated Interest Amounts” means, with respect to any Due Period and the related Transfer Date, the product of the Series 2013-2 Variable Allocation Percentage for such Due Period and Finance Charge Collections for such Due Period.

 “Series 2013-2 Allocated Principal Amounts” means, with respect to any Business Day, the product of the Series 2013-2
Fixed Allocation Percentage for such Business Day and Principal Collections for such Business Day. 
 “Series 2013-2 Available
Interest Amounts” means, with respect to any Due Period and the related Transfer Date, an amount equal to: 
  

	 	(i)	the Series 2013-2 Allocated Interest Amounts for such Due Period; 

  

	 	(ii)	plus any net investment earnings for such Due Period on funds in the Series 2013-2 Interest Funding Account, the Series 2013-2 Principal Funding Account, the Series 2013-2 Negative Carry Account and the Series
2013-2 Spread Account; 

  

	 	(iii)	plus the Series 2013-2 Investment Income; 

  
 11 

	 	(iv)	plus if the amount of interest at the Weighted Average Note Rate on funds in the Series 2013-2 Principal Funding Account exceeds the sum of the net investment earnings described in clause (ii) above
and the Series 2013-2 Investment Income described in clause (iii) above, the amount of this excess shall be withdrawn from the Series 2013-2 Negative Carry Account to the extent of funds on deposit in the Series 2013-2 Negative Carry
Account and applied pursuant to the terms of this Indenture Supplement; 

  

	 	(v)	plus any Excess Available Interest Amounts allocated to Series 2013-2 for such Due Period pursuant to Section 3.01(b); 

 

	 	(vi)	plus any amount treated as Series 2013-2 Available Interest Amounts pursuant to Sections 3.01(c)(i) and (ii). 

“Series 2013-2 Available Principal Amounts” means, with respect to any Business Day, an amount equal to: 

 

	 	(i)	the Series 2013-2 Allocated Principal Amounts for such Business Day; 

  

	 	(ii)	plus, if such Business Day is a Transfer Date, any Series 2013-2 Available Interest Amounts used to fund the Series 2013-2 Noteholder Allocated Dealer Note Losses for the related Due Period pursuant to
Section 3.01(a)(vii); 

  

	 	(iii)	plus, if such Business Day is a Transfer Date, any Series 2013-2 Available Interest Amounts used to reinstate any reduction in the Series 2013-2 Collateral Amount for the related Due Period pursuant to
Sections 3.01(a)(viii) and 3.03(c); 

  

	 	(iv)	plus any Excess Available Principal Amounts allocated to Series 2013-2 for such Business Day pursuant to Section 3.02(b); 

 

	 	(v)	plus, if such Business Day is a Transfer Date, during the occurrence of an Excess Cash Collateral Event, any Series 2013-2 Available Interest Amounts which are treated as Series 2013-2 Available Principal Amounts
pursuant to Section 3.01(a)(viii); 

  

	 	(vi)	plus, if such Business Day is a Transfer Date, any funds from the Series 2013-2 Negative Carry Account used to reinstate any reduction in the Series 2013-2 Collateral Amount on that Transfer Date pursuant to
Section 3.12(b); 

  

	 	(vii)	plus, if such Business Day is a Transfer Date and if the Series 2013-2 Notes are in an Early Redemption Period, any Series 2013-2 Available Interest Amounts treated as Series 2013-2 Available Principal Amounts
pursuant to Section 3.01(a)(xii). 

 “Series 2013-2 Backup Servicing Expenses” means, with
respect to any Transfer Date, the product of (a) the Backup Servicing Expenses, multiplied by (b) a fraction (i) the numerator of which is the daily average Series 2013-2 Nominal Liquidation Amount for each day of the related Due
Period and (ii) the denominator of which is the daily average Aggregate Trust Balance for each day of the related Due Period. 

  
 12 

 “Series 2013-2 Backup Servicing Fee” means, with respect to any Transfer Date,
the product of (a) 1/12 of the Base Backup Servicing Fee, multiplied by (b) a fraction (i) the numerator of which is the daily average Series 2013-2 Nominal Liquidation Amount for each day of the related Due Period and (ii) the
denominator of which is the daily average Aggregate Trust Balance for each day of the related Due Period. 
 “Series 2013-2
Collateral Amount” equals the sum of the Series 2013-2 Nominal Liquidation Amount and the Series 2013-2 Overcollateralization Amount. 

“Series 2013-2 Controlled Accumulation Amount” is equal to (a) the Series 2013-2 Outstanding Principal Amount as of the
last day of the Due Period immediately preceding the Accumulation Period Commencement Date, minus the amount on deposit in the Series 2013-2 Principal Funding Account as of the last day of the Due Period immediately preceding the Accumulation
Period Commencement Date, divided by (b) the Accumulation Period Length. 
 “Series 2013-2 Controlled Deposit
Amount” for any Due Period occurring during the Accumulation Period means the excess, if any, of: 
  

	 	(i)	the sum of (x) product of (A) the Series 2013-2 Controlled Accumulation Amount and (B) the number of Due Periods that have occurred with respect to the Accumulation Period through and including that Due
Period (but not in excess of the Accumulation Period Length) and (y) the amount on deposit in the Series 2013-2 Principal Funding Account as of the last day of the Due Period immediately preceding the Accumulation Period Commencement Date, over

  

	 	(ii)	the amount on deposit in the Series 2013-2 Principal Funding Account as of the last day of the immediately preceding Due Period; 

provided that notwithstanding the foregoing, the Depositor may, in its sole discretion, increase the Series 2013-2 Controlled Deposit Amount at any
time and from time to time. 
 “Series 2013-2 Controlling Class” means the Class A Notes or, if no Class A Notes
are outstanding, the Class B Notes or, if no Class A Notes or Class B Notes are Outstanding, the Class C Notes or, if no Class A Notes, Class B Notes or Class C Notes are Outstanding, the Class D Notes. 

“Series 2013-2 Fixed Allocation Percentage” means the percentage equivalent of a fraction never greater than 100% or less
than 0% equal to: 
  

	 	(i)	the numerator of which is the Series 2013-2 Collateral Amount as of such day or, if the Accumulation Period or an Early Redemption Period has commenced, as of the day prior to the commencement of the Accumulation Period
or the Early Redemption Period, as applicable; and 

  

	 	(ii)	the denominator of which is the greater of (A) the sum of the Collateral Amounts for each Series of Notes used to calculate the applicable fixed allocation percentage of such Series as of such day and (B) the
Aggregate Trust Balance as of last day of the preceding Due Period. 

  
 13 

 “Series 2013-2 Interest Funding Account” means the account designated as such
and established pursuant to Section 3.10(a). 
 “Series 2013-2 Investment Income” means with respect to any Due
Period and the Series 2013-2 Notes, the product of the Series 2013-2 Variable Allocation Percentage for such Due Period and Investment Income for such Due Period. 

“Series 2013-2 Monthly Interest” means the sum of Class A Monthly Interest, Class B Monthly Interest, Class C Monthly
Interest and Class D Monthly Interest. 
 “Series 2013-2 Negative Carry Account” means the account designated as such and
established pursuant to Section 3.10(a). 
 “Series 2013-2 Nominal Liquidation Amount” means, with respect to
any Transfer Date, the sum of the Class A Nominal Liquidation Amount, the Class B Nominal Liquidation Amount, the Class C Nominal Liquidation Amount and the Class D Nominal Liquidation Amount, each as of such Transfer Date. 

“Series 2013-2 Noteholder” means a Person in whose name a Series 2013-2 Note is registered in the Note Register. 

“Series 2013-2 Noteholder Allocated Dealer Note Losses” means, with respect to any Due Period, the product of (a) Series
2013-2 Allocated Dealer Note Losses for such Due Period and (b) the quotient of (i) the Series 2013-2 Nominal Liquidation Amount as of the preceding Transfer Date, divided by (ii) the Series 2013-2 Collateral Amount as of the
preceding Transfer Date. 
 “Series 2013-2 Notes” is defined in Section 2.01. 

“Series 2013-2 Outstanding Principal Amount” means, the sum of the Class A Outstanding Principal Amount, the Class B
Outstanding Principal Amount, the Class C Outstanding Principal Amount and the Class D Outstanding Principal Amount. 
 “Series
2013-2 Overcollateralization Amount” means as of any Transfer Date, an amount equal to: 
  

	 	(i)	the Series 2013-2 Target Overcollateralization Amount as of such Transfer Date 

  

	 	(ii)	minus the reductions to the Series 2013-2 Overcollateralization Amount pursuant to Section 3.03(b) on or prior to such date of determination; 

 

	 	(iii)	plus the reinstatements of the Series 2013-2 Overcollateralization Amount pursuant to Section 3.03(d) on or prior to such date of determination; 

  
 14 

 provided, however, the Series 2013-2 Overcollateralization Amount may never be less than zero or be
greater than the Series 2013-2 Target Overcollateralization Amount; provided that the Depositor may in its discretion at any time and from time to time increase the Series 2013-2 Overcollateralization Amount (together with any discretionary
amounts added to the Spread Account) by up to 5.0% in the aggregate of the initial Series 2013-2 Nominal Liquidation Amount by allocating a portion of the Seller’s Interest thereto, but only to the extent that it will not result in the
Seller’s Interest being less than the Minimum Seller’s Interest; provided, further, that if the Series 2013-2 Target Overcollateralization Amount has increased as a result of an Excess Cash Collateral Event, the Series 2013-2
Overcollateralization Amount will be proportionately increased only to the extent that it will not result in the Seller’s Interest being less than the Minimum Seller’s Interest, and if other series of notes issued pursuant to the Indenture
require similar increases, each such series, including Series 2013-2, shall receive only its pro rata share of any such increase available based on the aggregate amount of such series’ shortfall. 

“Series 2013-2 Overcollateralization Factor” means 9.50%. 

“Series 2013-2 Overcollateralization Percentage” means the percentage equivalent of a fraction, the numerator of which is the
Series 2013-2 Overcollateralization Factor and the denominator of which is 1.00 minus the Series 2013-2 Overcollateralization Factor. 

“Series 2013-2 Principal Funding Account” means the trust account designated as such and established pursuant to
Section 3.10(a). 
 “Series 2013-2 Rating Agencies” means Moody’s Investors Service Inc. or its successor
and DBRS Inc. or its successor. 
 “Series 2013-2 Rating Agency Condition” means, with respect to any action, the condition
that each Series 2013-2 Rating Agency shall have been given at least 10 days (or such shorter period as is acceptable to such Series 2013-2 Rating Agency) prior notice thereof and each Series 2013-2 Rating Agency shall have notified the Servicer
(and, if NFC is not the Servicer, NFC) in writing that such action shall not result in a downgrade or withdrawal of the then-current rating of any rated Class of Notes (other than a Class of the Series 2013-2 Notes held only by the Depositor and its
Affiliates). 
 “Series 2013-2 Required Excess Seller’s Interest” equals, for the Series 2013-2 Notes, with respect to
any Business Day, the Required Seller’s Percentage times the Series 2013-2 Nominal Liquidation Amount as of that day. 

“Series 2013-2 Servicing Fee” means, with respect to any Transfer Date, the product of (a) the product of (i) 1/12,
(ii) 1.0%, and (iii) the Aggregate Receivables Balance as of the last day of the related Due Period, multiplied by (b) a fraction (i) the numerator of which is the daily average Series 2013-2 Nominal Liquidation Amount for each
day of the related Due Period and (ii) the denominator of which is the daily average Aggregate Trust Balance for each day of the related Due Period. 

“Series 2013-2 Spread Account” means the account designated as such and established pursuant to Section 3.10(a).

  
 15 

 “Series 2013-2 Target Overcollateralization Amount” means, with respect to any
Transfer Date, the product of the Series 2013-2 Overcollateralization Percentage and the Series 2013-2 Nominal Liquidation Amount as of such Transfer Date; provided, however, that if an Early Redemption Period has commenced, the Series
2013-2 Nominal Liquidation Amount for the purpose of calculating the Series 2013-2 Target Overcollateralization Amount shall be the Series 2013-2 Nominal Liquidation Amount as of the last day of the Revolving Period; provided, further,
that if an Excess Cash Collateral Event occurs and is continuing, the Series 2013-2 Nominal Liquidation Amount for purposes of calculating the Series 2013-2 Target Overcollateralization Amount, the Spread Account Required Amount and the Series
Required Seller’s Interest shall be the Series 2013-2 Nominal Liquidation Amount without subtracting the amount on deposit in the Series 2013-2 Principal Funding Account in respect of the Series 2013-2 Notes. 

“Series 2013-2 Termination Date” means the earliest to occur of (a) the Distribution Date on which the Series 2013-2
Outstanding Principal Amount is reduced to zero, (b) the Legal Final Maturity Date and (c) the date on which the Series 2013-2 Collateral Amount is reduced to zero. 

“Series 2013-2 Unreimbursed Amount” means, as of any Transfer Date, the sum of the Nominal Liquidation Amount Deficit and the
Overcollateralization Amount Deficit both as of such Transfer Date. 
 “Series 2013-2 Variable Allocation Percentage” means
the percentage equivalent of a fraction never greater than 100% or less than 0% to: 
  

	 	(i)	the numerator of which is the daily average of the Series 2013-2 Collateral Amount for each day during such Due Period; and 

  

	 	(ii)	the denominator of which is the greater of (A) the sum of the daily average Collateral Amounts used to calculate the applicable variable allocation percentage for each Series of Notes for such Due Period and
(b) the daily average Aggregate Trust Balance during such Due Period. 

 “Series Available Interest Amounts
Shortfall” means, with respect to any Transfer Date and the Series 2013-2 Notes, the excess, if any, of (a) the aggregate amount required to be applied pursuant to Sections 3.01(a)(i) through (ix) for such Transfer
Date over (b) the Series 2013-2 Available Interest Amount (excluding amounts to be treated as part of the Series 2013-2 Available Interest Amount pursuant to clause (v) of the definition thereof) for such Transfer Date. 

“Series Available Principal Amounts Shortfall” means, with respect to any Business Day and the Series 2013-2 Notes, an amount
equal to, the amount, if any, by which (i) the sum of all payments and other applications of Series 2013-2 Available Principal Amounts (other than as Excess Available Principal Amounts) required to be made under Section 3.02 on such
Business Day exceeds (ii) the related Series 2013-2 Available Principal Amounts (excluding amounts to be treated as part of Series 2013-2 Available Principal Amounts pursuant to clause (iv) of the definition thereof) on such
Business Day. 

  
 16 

 “Series Reassignment Amount” means, with respect to the Series 2013-2 Notes and
a Transfer Date, the sum of (a) the Series 2013-2 Nominal Liquidation Amount and (b) all accrued and unpaid interest on the Series 2013-2 Notes, in each case as of that Transfer Date. 

“Series Required Seller’s Interest” means, for the Series 2013-2 Notes, with respect to any Business Day, the sum of
(a) the Series 2013-2 Overcollateralization Amount as of that Business Day and (b) Series 2013-2 Required Excess Seller’s Interest as of that Business Day. 

“Servicer Certificate” is defined in Section 3.14(a). 

“Specified Accumulation Period Commencement Date” means December 1, 2014. 

“Spread Account Deposit Amount” means, with respect to any Transfer Date prior to the earlier of (a) the payment in full
of the outstanding principal amount of the Series 2013-2 Notes and (b) the Legal Final Maturity Date, the amount, if any, by which the Spread Account Required Amount for that Transfer Date exceeds the amount of funds on deposit in the Series
2013-2 Spread Account. 
 “Spread Account Initial Deposit” means $4,143,646.61. 

“Spread Account Required Amount” means, with respect to any Transfer Date, an amount equal to the product of the Spread
Account Percentage and the Series 2013-2 Collateral Amount as of the Closing Date. 
 “Spread Account Percentage” means, as
of any Transfer Date, 1.50%; provided, that, if as of any Transfer Date, the average Monthly Payment Rate for the three preceding Due Periods is less than the Monthly Payment Rate Enhancement Trigger, then the Spread Account Percentage
shall be 3.00%. 
 “Stated Principal Amount” with respect to any Note, means the amount that is stated on the face of the
Note to be payable to its holders. 
 “Weighted Average Note Rate” means, for any Transfer Date, the sum of: 

 

	 	(i)	the Class A Interest Rate, multiplied by a fraction, the numerator of which is the Class A Outstanding Principal Amount and the denominator of which is the Series 2013-2 Outstanding Principal Amount;

  

	 	(ii)	the Class B Interest Rate, multiplied by a fraction, the numerator of which is the Class B Outstanding Principal Amount and the denominator of which is the Series 2013-2 Outstanding Principal Amount; 

 

	 	(iii)	the Class C Interest Rate, multiplied by a fraction, the numerator of which is the Class C Outstanding Principal Amount and the denominator of which is the Series 2013-2 Outstanding Principal Amount; and

  

	 	(iv)	the Class D Interest Rate, multiplied by a fraction, the numerator of which is the Class D Outstanding Principal Amount and the denominator of which is the Series 2013-2 Outstanding Principal Amount. 

  
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 ARTICLE II 

The Notes 
 Section 2.01
Creation and Designation. 
 (a) There is hereby created and designated a Series (“Series 2013-2”) of Notes to be
issued pursuant to the Indenture and this Indenture Supplement to be known as “Navistar Financial Dealer Note Master Owner Trust II Floating Rate Dealer Note Asset Backed Notes, Series 2013-2” or the “Series 2013-2
Notes.” The Series 2013-2 Notes shall be issued in four Classes, Class A, Class B, Class C and Class D, executed by the Issuing Entity and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-1, Exhibit A-2, Exhibit A-3 and Exhibit A-4, respectively. 

(b) Series 2013-2 shall be in Excess Interest Sharing Group One and in Principal Sharing Group One. Series 2013-2 shall not be a Shared
Enhancement Series or in an Interest Reallocation Group. Series 2013-2 shall not be subordinated to any other Series. The Class B Notes shall be subordinate to the Class A Notes to the extent provided in this Indenture Supplement, the Class C
Notes shall be subordinate to the Class A Notes and the Class B Notes to the extent provided in this Indenture Supplement, and the Class D Notes shall be subordinate to the Class A Notes, the Class B Notes and the Class C Notes to the
extent provided in this Indenture Supplement. 
 Section 2.02 Form of Delivery; Depository; Denominations. 

(a) The Series 2013-2 Notes shall be delivered in the form of global Registered Notes as provided in Sections 2.02, 2.04 and
3.01 of the Indenture. 
 (b) The Depository for the Series 2013-2 Notes shall be The Depository Trust Company, and the Series 2013-2
Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Foreign Depositories for the Series 2013-2
Notes shall be Clearstream Banking, Société Anonyme and Euroclear Bank S.A./N.V., as the operator of the Euroclear System. 

(d) The Series 2013-2 Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000. 

Section 2.03 Delivery and Payment. The Issuing Entity shall execute and deliver the Series 2013-2 Notes to the Indenture Trustee
for authentication, and the Indenture Trustee shall deliver the Series 2013-2 Notes when authenticated, each in accordance with Section 3.03 of the Indenture. 

  
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 Section 2.04 Reopening. The Depositor may from time to time, upon satisfaction of the
Series 2013-2 Rating Agency Condition, but without notice to or the consent from any Securityholders, create and issue additional Series 2013-2 Notes equal in rank to any Class of Series 2013-2 Notes previously offered in all respects or in all
respects except there will not be any payment of interest accruing prior to the issuance date of such additional Series 2013-2 Notes in a Class of Series 2013-2 Notes or except for the first date of payment of interest following the Issuance Date of
such additional Series 2013-2 Notes in a Class of Series 2013-2 Notes. When issued, the additional Series 2013-2 Notes of a Class shall be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to
those Series 2013-2 Notes with the other Outstanding Notes of that Class without preference, priority or distinction. These additional Series 2013-2 Notes may be consolidated and form a single Class with the previously issued Series 2013-2 Notes of
such Class and shall have the same terms as to status, redemption or otherwise as the previously issued Series 2013-2 Notes. 
 ARTICLE III

 Allocations, Deposits and Payments 

Section 3.01 Series 2013-2 Available Interest Amounts. 

(a) Allocation of Series 2013-2 Available Interest Amounts. On each Transfer Date, the Indenture Trustee, at the written direction of
the Servicer, shall apply Series 2013-2 Available Interest Amounts as follows: 
  

	 	(i)	first, on a pro rata basis (a) to the Servicer, the Series 2013-2 Servicing Fee due on such Transfer Date (to the extent it has not been deferred by the Servicer for such Transfer Date, and if the Servicer shall
defer any Series 2013-2 Servicing Fee, the Servicer shall give notice of such deferral to each of the Series 2013-2 Rating Agencies) and (b) to the Backup Servicer, the Series 2013-2 Backup Servicing Fee due on such Transfer Date;

  

	 	(ii)	second, any remaining Series 2013-2 Available Interest Amounts shall be deposited into the Series 2013-2 Interest Funding Account in an amount equal to the product of (A) a fraction, the numerator of which is the
actual number of days in the related Interest Period and the denominator of which is 360, (B) the Class A Interest Rate applicable to the related Interest Period, and (C) the Class A Outstanding Principal Amount, determined as of
the Distribution Date preceding the related Distribution Date (or with respect to the first Distribution Date, as of the Issuance Date) (the “Class A Monthly Interest”), plus an amount equal to the excess, if any, of the aggregate
amount accrued pursuant to this Section 3.01(a)(ii) as of prior Interest Periods over the aggregate amount of interest paid to the Class A Noteholders pursuant to this Section 3.01(a)(ii) in respect of such prior
Interest Periods, together with interest at the Class A Interest Rate on such delinquent amount, to the extent permitted by applicable law; 

  
 19 

	 	(iii)	third, any remaining Series 2013-2 Available Interest Amounts shall be deposited into the Series 2013-2 Interest Funding Account in an amount equal to the product of (A) a fraction, the numerator of which is the
actual number of days in the related Interest Period and the denominator of which is 360, (B) the Class B Interest Rate applicable to the related Interest Period, and (C) the Class B Outstanding Principal Amount, determined as of the
Distribution Date preceding the related Distribution Date (or with respect to the first Distribution Date, as of the Issuance Date) (the “Class B Monthly Interest”), plus an amount equal to the excess, if any, of the aggregate
amount accrued pursuant to this Section 3.01(a)(iii) as of prior Interest Periods over the aggregate amount of interest paid to the Class B Noteholders pursuant to this Section 3.01(a)(iii) in respect of such prior Interest
Periods, together with interest at the Class B Interest Rate on such delinquent amount, to the extent permitted by applicable law; 

  

	 	(iv)	fourth, any remaining Series 2013-2 Available Interest Amounts shall be deposited into the Series 2013-2 Interest Funding Account in an amount equal to the product of (A) a fraction, the numerator of which is the
actual number of days in the related Interest Period and the denominator of which is 360, (B) the Class C Interest Rate applicable to the related Interest Period, and (C) the Class C Outstanding Principal Amount, determined as of the
Distribution Date preceding the related Distribution Date (or with respect to the first Distribution Date, as of the Issuance Date) (the “Class C Monthly Interest”), plus an amount equal to the excess, if any, of the aggregate
amount accrued pursuant to this Section 3.01(a)(iv) as of prior Interest Periods over the aggregate amount of interest paid to the Class C Noteholders pursuant to this Section 3.01(a)(iv) in respect of such prior Interest
Periods, together with interest at the Class C Interest Rate on such delinquent amount, to the extent permitted by applicable law; 

  

	 	(v)	fifth, any remaining Series 2013-2 Available Interest Amounts shall be deposited into the Series 2013-2 Interest Funding Account in an amount equal to the product of (A) a fraction, the numerator of which is the
actual number of days in the related Interest Period and the denominator of which is 360, (B) the Class D Interest Rate applicable to the related Interest Period, and (C) the Class D Outstanding Principal Amount, determined as of the
Distribution Date preceding the related Distribution Date (or with respect to the first Distribution Date, as of the Issuance Date) (the “Class D Monthly Interest”), plus an amount equal to the excess, if any, of the aggregate
amount accrued pursuant to this Section 3.01(a)(v) as of prior Interest Periods over the aggregate amount of interest paid to the Class D Noteholders pursuant to this Section 3.01(a)(v) in respect of such prior Interest
Periods, together with interest at the Class D Interest Rate on such delinquent amount, to the extent permitted by applicable law; 

  
 20 

	 	(vi)	sixth, any remaining Series 2013-2 Available Interest Amounts shall be deposited into the Series 2013-2 Spread Account to the extent of any Spread Account Deposit Amount; 

 

	 	(vii)	seventh, any remaining Series 2013-2 Available Interest Amounts shall be treated as Series 2013-2 Available Principal Amounts to the extent of the amount of Series 2013-2 Noteholder Allocated Dealer Note Losses for the
related Due Period; 

  

	 	(viii)	eighth, any remaining Series 2013-2 Available Interest Amounts shall be treated as Series 2013-2 Available Principal Amounts for the reinstatement of the Series 2013-2 Collateral Amount to the extent of the Series
2013-2 Unreimbursed Amount (the amount being reinstated is referred to as the “Reinstatement Amount”), and then, to the extent that the Series 2013-2 Overcollateralization Amount is less than the Series 2013-2 Target
Overcollateralization Amount as a result of an Excess Cash Collateral Event, an amount up to such shortfall shall be treated as Series 2013-2 Available Principal Amounts, and the Series 2013-2 Overcollateralization Amount shall be increased by the
same amount; 

  

	 	(ix)	ninth, any remaining Series 2013-2 Available Interest Amounts will be deposited into the Series 2013-2 Negative Carry Account until the amount on deposit therein equals the Required Negative Carry Account Balance;

  

	 	(x)	tenth, any remaining Series 2013-2 Available Interest Amounts shall be paid to the Servicer to the extent any Series 2013-2 Servicing Fee which had been previously deferred unless that amount has been deferred again;

  

	 	(xi)	eleventh, to the Backup Servicer, the Series 2013-2 Backup Servicing Expenses due on such Transfer Date; 

  

	 	(xii)	twelfth, if the Series 2013-2 Notes are in an Early Redemption Period, any remaining Series 2013-2 Available Interest Amounts shall be treated as Series 2013-2 Available Principal Amounts to the extent of the Series
2013-2 Nominal Liquidation Amount (after taking into account any reductions due to Series 2013-2 Noteholder Allocated Dealer Note Losses or otherwise or reinstatements of the Series 2013-2 Nominal Liquidation Amount pursuant to
Section 3.01(a)(viii) on such Transfer Date due to recoveries) for payment to the Series 2013-2 Noteholders; and 

  

	 	(xiii)	thirteenth, any remaining Series 2013-2 Available Interest Amounts shall be treated as Excess Available Interest Amounts and allocated pursuant to Section 5.02 of the Indenture. 

(b) Excess Available Interest Amounts. On each Transfer Date, commencing with the initial Transfer Date, if Series 2013-2 Available
Interest Amounts are insufficient to make the allocations provided in Sections 3.01(a)(i) through (ix) above, the Servicer shall allocate Excess Available Interest Amounts, if any, allocated to Series 2013-2 pursuant to
Section 5.02 of the Indenture to cover the Series Available Interest Amounts Shortfall. 

  
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 (c) Spread Account Draws. 

 

	 	(i)	At the written direction of the Servicer and to the extent that Series 2013-2 Available Interest Amounts (without giving effect to clause (vi) of the definition thereof) are insufficient to pay in full the
amounts set forth in Sections 3.01(a)(ii), (iii), (iv) and (v), the Indenture Trustee shall withdraw funds from the Series 2013-2 Spread Account in an amount equal to the lesser of (A) the amount of such
shortfall and (B) the amount on deposit in the Series 2013-2 Spread Account (after giving effect to any withdrawals from the Series 2013-2 Spread Account on such Transfer Date other than a withdrawal pursuant to Sections 3.01(c)(i),
(ii) and (iii) on such date), and treat such funds as “Series 2013-2 Available Interest Amounts.” 

  

	 	(ii)	At the written direction of the Servicer and to the extent that Series 2013-2 Available Interest Amounts (without giving effect to clause (vi) of the definition thereof (except for the application of funds
on deposit in the Spread Account pursuant to Section 3.01(c)(i))) are insufficient to pay in full the amount described in Section 3.01(a)(vii) and Series 2013-2 is in the Early Redemption Period, the Indenture Trustee shall withdraw
funds from the Series 2013-2 Spread Account in an amount equal to the lesser of (A) the amount of such shortfall and (B) the amount on deposit in the Series 2013-2 Spread Account (after giving effect to any withdrawals from the Series
2013-2 Spread Account on such Transfer Date) and treat such funds as “Series 2013-2 Available Interest Amounts.” 

  

	 	(iii)	In addition, after applying funds on deposit in the Spread Account pursuant to Sections 3.01(c)(i) and (ii), on the Legal Final Maturity Date, if the Outstanding Principal Amount of any Series 2013-2 Notes
remains greater than zero, the Indenture Trustee shall, at the written direction of the Servicer, apply funds from the Spread Account to repay the Outstanding Principal Amount of such Series 2013-2 Notes in full, first, to the Class A
Noteholders (up to a maximum of the Class A Outstanding Principal Amount on such Distribution Date), second, to the Class B Noteholders (up to a maximum of the Class B Outstanding Principal Amount on such Distribution Date),
third, to the Class C Noteholders (up to a maximum of the Class C Outstanding Principal Amount on such Distribution Date), and fourth, to the Class D Noteholders (up to a maximum of the Class D Outstanding Principal Amount on such
Distribution Date). 

  
 22 

 Section 3.02 Series 2013-2 Available Principal Amounts. 

(a) Allocation of Series 2013-2 Available Principal Amounts. On each Business Day, the Indenture Trustee, at the written direction of
the Servicer, shall apply Series 2013-2 Available Principal Amounts as follows: 
  

	 	(i)	first, if the Series 2013-2 Available Interest Amounts are insufficient to make the payments on the Series 2013-2 Notes pursuant to Sections 3.01(a)(ii), (iii), (iv) and (v), to the
Series 2013-2 Interest Funding Account, an amount equal to the lesser of (i) the amount of that shortfall and (ii) the Series 2013-2 Collateral Amount (after taking into account any reinstatements pursuant to Section 3.03(d)
and reductions due to Section 3.03(a)(ii)); provided, however, the Series 2013-2 Available Principal Amounts shall not be applied to pay Class B Monthly Interest, Class C Monthly Interest or Class D Monthly Interest if, as
a result of such application, the Class A Nominal Liquidation Amount would be reduced, the Series 2013-2 Available Principal Amounts shall not be applied to pay Class C Monthly Interest or Class D Monthly Interest if, as a result of such
application, the Class B Nominal Liquidation Amount would be reduced, and the Series 2013-2 Available Principal Amounts shall not be applied to pay Class D Monthly Interest if, as a result of such application, the Class C Nominal Liquidation Amount
would be reduced; 

  

	 	(ii)	second, if the Series 2013-2 Notes are in an Accumulation Period, to the Series 2013-2 Principal Funding Account, the Series 2013-2 Controlled Deposit Amount to the extent of the Series 2013-2 Nominal Liquidation Amount
(computed before giving effect to such deposit but after giving effect to any reinstatements pursuant to Sections 3.03(d)(i), (ii), (iii) and (iv) and reductions pursuant to Sections 3.03(a)(i) and
(ii)); 

  

	 	(iii)	third, if the Series 2013-2 Notes are in an Early Redemption Period, to the Series 2013-2 Principal Funding Account any remaining Series 2013-2 Available Principal Amounts to the extent of the Series 2013-2 Nominal
Liquidation Amount (computed before giving effect to such deposit but after giving effect to any reinstatements pursuant to Sections 3.03(d)(i), (ii), (iii) and (iv) and reductions pursuant to Sections
3.03(a)(i) and (ii)) for payment to the Series 2013-2 Noteholders; 

  

	 	(iv)	fourth, if the Series 2013-2 Notes are not in an Early Redemption Period, to the extent that the Spread Account Deposit Amount is greater than zero (after giving effect to any other deposits to or withdrawals from the
Series 2013-2 Spread Account on such Transfer Date, reductions to the Series 2013-2 Nominal Liquidation Amount in accordance with Sections 3.03(a)(i) and (ii) and reinstatements pursuant to Sections 3.03(d)(i), (ii),
(iii) and (iv)), to the Series 2013-2 Spread Account an amount equal to such Spread Account Deposit Amount (not taking into account any increase in the Spread Account Required Amount as described in the proviso to the definition
thereof); 

  
 23 

	 	(v)	fifth, if the Series 2013-2 Notes are in a Revolving Period, at the Servicer’s discretion and subject to the requirement that after giving effect to clause (vi) below the balance in the Series 2013-2
Negative Carry Account is at least equal to the Required Negative Carry Account Balance, to the Series 2013-2 Principal Funding Account any amounts that would be required to be on deposit in the Excess Funding Account up to the amount that would
reduce the Series 2013-2 Nominal Liquidation Amount to zero; provided, however, the Servicer shall not be permitted to make any such deposit into the Series 2013-2 Principal Funding Account if, after giving effect to the deposits
pursuant to this Section 3.02(a), the Series 2013-2 Overcollateralization Amount would be less than the Series 2013-2 Target Overcollateralization Amount; 

 

	 	(vi)	sixth, if the Series 2013-2 Notes are not in an Accumulation Period or an Early Redemption Period, if the amount on deposit in the Series 2013-2 Negative Carry Account is less than the Required Negative Carry Account
Balance, to the Series 2013-2 Negative Carry Account until the amount on deposit therein equals the Required Negative Carry Account Balance; and 

  

	 	(vii)	seventh, any remaining Series 2013-2 Available Principal Amounts shall be treated as Excess Available Principal Amounts and allocated pursuant to Section 5.02 of the Indenture. 

(b) Excess Available Principal Amounts. On each Business Day, commencing after the Issuance Date, if Series 2013-2 Available Principal
Amounts are insufficient to make the allocations provided in Sections 3.02(a)(i) through (vi) above, the Indenture Trustee shall allocate Excess Available Principal Amounts, if any, allocated to Series 2013-2 pursuant to
Section 5.02 of the Indenture to cover the Series Available Principal Amounts Shortfall. 
 Section 3.03 Reductions and
Reinstatements. The Series 2013-2 Collateral Amount, Series 2013-2 Overcollateralization Amount and Series 2013-2 Nominal Liquidation Amount shall be calculated on each Transfer Date and shall be reduced and reinstated as described below. The
Servicer (and not the Indenture Trustee) shall solely be responsible for making the calculations pursuant to this Section 3.03, and the Indenture Trustee may rely upon the information with respect thereto set forth in the applicable
Servicer Certificate. 
 (a) Reductions. The Series 2013-2 Nominal Liquidation Amount and the Series 2013-2 Overcollateralization
Amount shall be reduced in the order described in Section 3.03(b) below by the following amounts allocated with respect to that Transfer Date: 
  

	 	(i)	the amount, if any, of the Series 2013-2 Available Principal Amounts used to pay interest on the Series 2013-2 Notes as described in Section 3.02(a)(i); 

  
 24 

	 	(ii)	the amount of Series 2013-2 Noteholder Allocated Dealer Note Losses for such Due Period to the extent that they are not covered by Series 2013-2 Available Interest Amounts as described in
Section 3.01(a)(vii); 

  

	 	(iii)	the amount, if any, of the Series 2013-2 Available Principal Amounts deposited into the Series 2013-2 Spread Account in accordance with Section 3.02(a)(iv); and 

 

	 	(iv)	the amount, if any, of the Series 2013-2 Available Principal Amounts deposited into the Series 2013-2 Negative Carry Account pursuant to Section 3.02(a)(vi). 

(b) Allocation of Reductions. On each Transfer Date, the amount of any reduction in the Series 2013-2 Collateral Amount due to
Sections 3.03(a)(i), (ii), (iii) or (iv) above shall be allocated as follows: 
  

	 	(i)	first, the Series 2013-2 Overcollateralization Amount (computed without giving effect to any reductions due to Sections 3.03(a)(i) through (iv) on such date) shall be reduced by the amount of such
reduction until the Series 2013-2 Overcollateralization Amount is reduced to zero; 

  

	 	(ii)	second, the Class D Nominal Liquidation Amount (computed without giving effect to any reductions due to Sections 3.03(a)(i) through (iv) on such date) shall be reduced by any remaining amount until
the Class D Nominal Liquidation Amount is reduced to zero; 

  

	 	(iii)	third, the Class C Nominal Liquidation Amount (computed without giving effect to any reductions due to Sections 3.03(a)(i) through (iv) on such date) shall be reduced by any remaining amount until the
Class C Nominal Liquidation Amount is reduced to zero; provided, however, that the Class C Nominal Liquidation Amount shall not be reduced by using the Series 2013-2 Available Principal Amounts to pay Class D Monthly Interest;

  

	 	(iv)	fourth, the Class B Nominal Liquidation Amount (computed without giving effect to any reductions due to Sections 3.03(a)(i) through (iv) on such date) shall be reduced by any remaining amount until
the Class B Nominal Liquidation Amount is reduced to zero; provided, however, that the Class B Nominal Liquidation Amount shall not be reduced by using the Series 2013-2 Available Principal Amounts to pay Class C Monthly Interest or
Class D Monthly Interest; and 

  

	 	(v)	fifth, the Class A Nominal Liquidation Amount (computed without giving effect to any reductions due to Sections 3.03(a)(i) through (iv) on such date) shall be reduced by any remaining amount
until the Class A Nominal Liquidation Amount is reduced to zero; provided, however, that the Class A Nominal Liquidation Amount shall not be reduced by using the Series 2013-2 Available Principal Amounts to pay Class B
Monthly Interest, Class C Monthly Interest or Class D Monthly Interest. 

  
 25 

 In addition, the Series 2013-2 Nominal Liquidation Amount will be reduced in the reverse order
specified above by the amount of any funds (other than investment earnings) deposited into the Series 2013-2 Principal Funding Account since the prior date on which the Series 2013-2 Collateral Amount was calculated. 

(c) Reinstatements. The Series 2013-2 Nominal Liquidation Amount and the Series 2013-2 Overcollateralization Amount shall be reinstated
on any Transfer Date by the amount of the Series 2013-2 Available Interest Amounts that are applied to cover the Reinstatement Amount for that Transfer Date pursuant to Section 3.01(a)(viii) and by the amount of funds released from the
Series 2013-2 Negative Carry Account that are applied to cover any Series 2013-2 Unreimbursed Amount for that Transfer Date pursuant to Section 3.12(b). 

(d) Allocation of Reinstatements. The Reinstatement Amount for any Transfer Date specified in Section 3.03(c) shall be
applied as follows: 
  

	 	(i)	first, if the Class A Nominal Liquidation Amount has been reduced as described in Section 3.03(b) above and is not fully reinstated, to the Class A Nominal Liquidation Amount until the Class A
Nominal Liquidation Amount equals the excess of (A) the Class A Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 2013-2 Principal Funding Account on that Transfer Date
allocable to the Class A Notes; 

  

	 	(ii)	second, if the Class B Nominal Liquidation Amount has been reduced as described in Section 3.03(b) above and is not fully reinstated, to the Class B Nominal Liquidation Amount until the Class B Nominal
Liquidation Amount equals the excess of (A) the Class B Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 2013-2 Principal Funding Account on that Transfer Date allocable to the
Class B Notes; 

  

	 	(iii)	third, if the Class C Nominal Liquidation Amount has been reduced as described in Section 3.03(b) above and is not fully reinstated, to the Class C Nominal Liquidation Amount until the Class C Nominal
Liquidation Amount equals the excess of (A) the Class C Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 2013-2 Principal Funding Account on that Transfer Date allocable to the
Class C Notes; 

  

	 	(iv)	fourth, if the Class D Nominal Liquidation Amount has been reduced as described in Section 3.03(b) above and is not fully reinstated, to the Class D Nominal Liquidation Amount until the Class D Nominal
Liquidation Amount equals the excess of (A) the Class D Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 2013-2 Principal Funding Account on that Transfer Date allocable to the
Class D Notes; and 

  

	 	(v)	fifth, to the Series 2013-2 Overcollateralization Amount until the Series 2013-2 Overcollateralization Amount equals the Series 2013-2 Target Overcollateralization Amount. 

  
 26 

 In addition, the Series 2013-2 Nominal Liquidation Amount will be increased in the reverse order
in which it was reduced by deposits into the Series 2013-2 Principal Funding Account by the amount of funds withdrawn from the Series 2013-2 Principal Funding Account and deemed to be Excess Available Principal Amounts since the prior date in which
the Series 2013-2 Collateral Amount was calculated. 
 Section 3.04 Payment on the Series 2013-2 Notes. On each Transfer Date,
the Indenture Trustee, acting in accordance with written instructions from the Servicer, shall transfer to the Series 2013-2 Principal Funding Account and Series 2013-2 Interest Funding Account funds on deposit in the Collections Account. On each
Distribution Date, after all allocations and reallocations pursuant to Sections 3.01 and 3.02, the Indenture Trustee shall make or cause to be made, without duplication, the following distributions to the extent of available funds from
the Series 2013-2 Principal Funding Account and the Series 2013-2 Interest Funding Account: 
 (a) Interest Distributions. On each
Distribution Date (including the Expected Principal Distribution Date), amounts on deposit in the Series 2013-2 Interest Funding Account shall be distributed in the following manner, first, to the Class A Noteholders, accrued and unpaid
interest on the Class A Notes for that Distribution Date, second, to the Class B Noteholders, accrued and unpaid interest on the Class B Notes for that Distribution Date, third, to the Class C Noteholders, accrued and unpaid
interest on the Class C Notes for that Distribution Date, and fourth, to the Class D Noteholders, accrued and unpaid interest on the Class D Notes for that Distribution Date. If there is a shortfall in the amounts required to be distributed
pursuant to the preceding clauses first, second, third or fourth, then the amounts actually distributed pursuant to any such clause shall be shared among the Persons entitled thereto in proportion to the amounts owing
such Persons. 
 (b) Expected Principal Distribution Date. On the Expected Principal Distribution Date, amounts on deposit in the
Series 2013-2 Principal Funding Account shall be distributed as principal first, to the Class A Noteholders (up to a maximum of the Class A Outstanding Principal Amount on such Distribution Date), second, to the Class B
Noteholders (up to a maximum of the Class B Outstanding Principal Amount on such Distribution Date), third, to the Class C Noteholders (up to a maximum of the Class C Outstanding Principal Amount on such Distribution Date), and fourth,
to the Class D Noteholders (up to a maximum of the Class D Outstanding Principal Amount on such Distribution Date). If there is a shortfall in the amounts required to be distributed pursuant to the preceding clauses first, second,
third or fourth, then the amounts actually distributed pursuant to any such clause shall be shared among the Persons entitled thereto in proportion to the amounts owing such Persons. 

(c) Early Redemption Period. On each Distribution Date during an Early Redemption Period, amounts on deposit in the Series 2013-2
Principal Funding Account shall be distributed as principal first, to the Class A Noteholders (up to a maximum of the Class A Outstanding Principal Amount on such Distribution Date), second, to the Class B Noteholders (up to
a maximum of the Class B Outstanding Principal Amount on such Distribution Date), 

  
 27 

 
third, to the Class C Noteholders (up to a maximum of the Class C Outstanding Principal Amount on such Distribution Date), and fourth, to the Class D Noteholders (up to a maximum of
the Class D Outstanding Principal Amount on such Distribution Date). If there is a shortfall in the amounts required to be distributed pursuant to the preceding clauses first, second, third or fourth, then the amounts
actually distributed pursuant to any such clause shall be shared among the Persons entitled thereto in proportion to the amounts owing such Persons. 

(d) Any installment of interest or principal, if any, payable on any Series 2013-2 Note which is punctually paid or duly provided for by the
Issuing Entity and the Indenture Trustee on the applicable Distribution Date shall be paid by the Paying Agent to the Person in whose name such Series 2013-2 Note (or one or more predecessor Notes) is registered on the Note Record Date, by wire
transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of
payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Note Record Date, except that with
respect to Notes registered on the Note Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 

(e) The right of the Series 2013-2 Noteholders to receive payments from the Issuing Entity shall terminate on the first Business Day following
the Series 2013-2 Termination Date. 
 Section 3.05 Accumulation Period Length and Accumulation Period Commencement Date. On or
prior to the Distribution Date which is ten months prior to the Expected Principal Distribution Date and on or prior to each subsequent Distribution Date until the Accumulation Period has commenced, the Servicer shall determine in its sole
discretion whether the Accumulation Period Commencement Date shall occur on the first day of the succeeding Due Period and, if the Servicer determines that the Accumulation Period Commencement Date shall be occurring on the first day of the
succeeding Due Period, the Servicer shall promptly notify the Indenture Trustee and the Series 2013-2 Rating Agencies in writing of such determination. 

Section 3.06 Final Payment of the Series 2013-2 Notes 

(a) Series 2013-2 Noteholders shall be entitled to payment of principal in an amount equal to the Series 2013-2 Outstanding Principal Amount.
However, Series 2013-2 Available Principal Amounts shall be available to pay principal on the Series 2013-2 Notes only up to the Series 2013-2 Nominal Liquidation Amount (for the purposes of this provision, without giving effect to reductions
pursuant to clause (iv) of the definitions of Class A Nominal Liquidation Amount, Class B Nominal Liquidation Amount, Class C Nominal Liquidation Amount and Class D Nominal Liquidation Amount). 

  
 28 

 (b) The Series 2013-2 Notes shall be considered to be paid in full, the holders of the Series
2013-2 Notes shall have no further right or claim, and the Issuing Entity shall have no further obligation or liability for principal or interest, on the earlier to occur of: 
  

	 	(i)	the date on which the Series 2013-2 Outstanding Principal Amount is reduced to zero and all accrued interest on the Series 2013-2 Notes is paid in full; or 

 

	 	(ii)	the Legal Final Maturity Date of the Series 2013-2 Notes, after giving effect to all deposits, allocations, reallocations, sales of Dealer Notes and payments to be made on that date. 

(c) In no event shall the Issuing Entity repay, redeem, repurchase or otherwise acquire for value the Class B Notes unless and until the
Class A Notes have been paid in full. In no event shall the Issuing Entity repay, redeem, repurchase or otherwise acquire for value the Class C Notes unless and until the Class A Notes and the Class B Notes have been paid in full. In no
event shall the Issuing Entity repay, redeem, repurchase or otherwise acquire for value the Class D Notes unless and until the Class A Notes, the Class B Notes and the Class C Notes have been paid in full. 

Section 3.07 Netting of Deposits and Payments. The Issuing Entity, in its sole discretion, may make all deposits to the Series
2013-2 Interest Funding Account and the Series 2013-2 Principal Funding Account with respect to any Distribution Date net of, and after giving effect to, all reallocations to be made pursuant to Article III. 

Section 3.08 Calculation Agent; Determination of LIBOR. 

(a) The Issuing Entity hereby agrees that for so long as any Series 2013-2 Notes are Outstanding, there shall at all times be an agent
appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuing Entity hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period.
The Calculation Agent may be removed by the Issuing Entity at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuing Entity, or if the Calculation Agent fails to determine LIBOR for an Interest Period,
the Issuing Entity shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuing Entity or its Affiliates. The Calculation Agent may not resign its duties, and the
Issuing Entity may not remove the Calculation Agent, without a successor having been duly appointed, provided that if a successor is not appointed within 30 days, the Calculation Agent may petition a court of competent jurisdiction to make such
appointment. 
 (b) The Class A Interest Rate, Class B Interest Rate, the Class C Interest Rate and the Class D Interest Rate,
applicable to the then current and the immediately preceding Interest Periods, may be obtained by contacting the Indenture Trustee at its Corporate Trust Office at www.sf.citidirect.com or (888) 855-9695
or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time. 

(c) On each LIBOR Determination Date, the Calculation Agent shall send to the Servicer and the Indenture Trustee (if the Indenture Trustee is
not the Calculation Agent), by electronic mail or facsimile transmission, notification of LIBOR, the Class A Interest Rate, the 

  
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Class B Interest Rate, the Class C Interest Rate, the Class D Interest Rate, the Class A Monthly Interest, the Class B Monthly Interest, the Class C Monthly Interest and the Class D Monthly
Interest for the following Interest Period. 
 Section 3.09 Computation of Interest. Unless otherwise specified in this
Indenture Supplement, interest for any period shall be calculated from and including the first day of such period, to but excluding the last day of such period. 

Section 3.10 Accounts. 

(a) Accounts; Deposits to and Distributions from Accounts. The Indenture Trustee shall cause to be established on or before the
Issuance Date and maintain four Eligible Accounts denominated as follows: the “Series 2013-2 Interest Funding Account,” the “Series 2013-2 Principal Funding Account,” the “Series 2013-2 Negative Carry
Account” and the “Series 2013-2 Spread Account” (collectively, the “Series 2013-2 Accounts”) in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds deposited therein
are held for the benefit of the Series 2013-2 Noteholders. The Indenture Trustee shall possess all right, title and interest to all funds on deposit from time to time in each of the Series 2013-2 Accounts and in all proceeds therefrom, for the
benefit of the Secured Parties. The Series 2013-2 Accounts constitute Supplemental Accounts and shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2013-2 Noteholders. If, at any time, the institution
holding any Series 2013-2 Account ceases to be an Eligible Institution, the Issuing Entity shall within 15 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Series 2013-2 Rating Agency may consent) establish a
new applicable Series 2013-2 Account, that is an Eligible Account and shall transfer any cash and/or investments to such new Series 2013-2 Account. From the date such new Series 2013-2 Account is established, it shall be a Series 2013-2 Account,
bearing the name of the Series 2013-2 Account it has replaced. The Indenture Trustee shall not be responsible for protecting or maintaining any security interest in the Series 2013-2 Accounts. 

(b) All payments to be made from time to time by the Indenture Trustee to Series 2013-2 Noteholders out of funds in the Series 2013-2 Accounts
pursuant to this Indenture Supplement shall be made by the Indenture Trustee to the Paying Agent not later than 12:00 noon on the applicable Distribution Date but only to the extent of funds in the applicable Series 2013-2 Account or as otherwise
provided in Article III. 
 Section 3.11 Spread Account. 

(a) On the Closing Date, the Depositor shall deposit into the Series 2013-2 Spread Account an amount equal to the Spread Account Initial
Deposit. 
 (b) Funds on deposit in the Series 2013-2 Spread Account overnight or for a longer period shall at all times be invested in
Eligible Investments at the written direction of the Servicer or its agent, subject to the restrictions set forth in the Indenture and subject to the requirement that each such Eligible Investment shall have a stated maturity on or prior to the
following Transfer Date. Net interest and earnings (less investment expenses) on funds on deposit in the Series 2013-2 Spread Account, if any, shall constitute Series 2013-2 Available Interest Amounts. 

  
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 (c) On any Transfer Date on which the amount of funds on deposit in the Series 2013-2 Spread
Account is greater than the Spread Account Required Amount on such Transfer Date, unless otherwise instructed by the Depositor, the Servicer shall withdraw the amount of such excess from the Series 2013-2 Spread Account and allocate and pay such
excess to the holders of the Certificates. 
 (d) Upon payment in full of the Outstanding Principal Amount of the Series 2013-2 Notes, any
funds remaining on deposit in the Series 2013-2 Spread Account shall be distributed to the holders of the Certificates. 
 (e) If the Spread
Account Required Amount increases as a result of an increase in the Spread Account Percentage, to the extent that Series 2013-2 Available Interest Amounts are insufficient to make the deposit described in Section 3.01(a)(vi), the
Depositor may, in its sole discretion, deposit the amount of such shortfall into the Spread Account. In addition, the Depositor may, in its discretion, at any time and from time to time, deposit additional amounts into the Spread Account (together
with any discretionary increases in the Series 2013-2 Overcollateralization Amount) up to 5.0% of the initial Series 2013-2 Nominal Liquidation Amount. 

Section 3.12 Negative Carry Account. 

(a) During the Revolving Period, if funds are deposited into the Series 2013-2 Principal Funding Account from the Excess Funding Account, then
concurrent with such deposit, funds will be deposited into the Series 2013-2 Negative Carry Account to bring the balance in the Series 2013-2 Negative Carry Account up to the Required Negative Carry Account Balance. 

(b) If on any Transfer Date, the amount on deposit in the Series 2013-2 Negative Carry Account exceeds the Required Negative Carry Account
Balance on such Transfer Date, the Servicer shall withdraw such excess from the Series 2013-2 Negative Carry Account and pay such excess to the holders of the Certificates; provided, however, that if funds are released from the Series
2013-2 Principal Funding Account and concurrently with such release funds are required to be deposited into the Series 2013-2 Spread Account to maintain the Spread Account Required Amount, such funds in an amount up to the Spread Account Deposit
Amount shall be withdrawn from the Series 2013-2 Negative Carry Account and deposited into the Series 2013-2 Spread Account; provided, further, that in the event Series 2013-2 Available Principal Amounts have been used to make deposits
into the Series 2013-2 Negative Carry Account and there remains any Series 2013-2 Unreimbursed Amount, such funds in an amount up to the amount of Series 2013-2 Available Principal Amounts so used and not previously reimbursed shall be treated as
Series 2013-2 Available Principal Amounts for the reinstatement of the Series 2013-2 Collateral Amount. 
 (c) Funds on deposit in the
Series 2013-2 Negative Carry Account overnight or for a longer period shall at all times be invested in Eligible Investments at the written direction of the Servicer or its agent, subject to the restrictions set forth in the Indenture and subject to
the 

  
 31 

 
requirement that each such Eligible Investment shall have a stated maturity on or prior to the following Transfer Date. Net interest and earnings (less investment expenses) on funds on deposit in
the Series 2013-2 Negative Carry Account, if any, shall constitute Series 2013-2 Available Interest Amounts. 
 (d) Upon payment in full of
the Outstanding Principal Amount of the Series 2013-2 Notes, any funds remaining on deposit in the Series 2013-2 Negative Carry Account shall be distributed to the holders of the Certificates. 

Section 3.13 Principal Funding Account. If on any day during the Revolving Period the amounts on deposit in the Series 2013-2
Principal Funding Account exceed the amount required to maintain the Seller’s Interest at the Minimum Seller’s Interest, the Issuing Entity may withdraw such excess from the Series 2013-2 Principal Funding Account and treat such amount as
“Excess Available Principal Amounts;” provided, however, that such excess shall only be released if after after giving effect to such withdrawal and application and all other deposits, withdrawals and applications to be made
on such date, the Seller’s Interest shall not be less than the Minimum Seller’s Interest, the funds on deposit in the Series 2013-2 Spread Account shall not be less than the Spread Account Required Amount, the funds on deposit in the
Series 2013-2 Negative Carry Account shall not be less than the Required Negative Carry Account Balance, and there is no writedown of the Series 2013-2 Overcollateralization Amount, the Series 2013-2 Collateral Amount or the Outstanding Principal
Amount of any Series 2013-2 Notes, in each case, after giving effect to such deposits, withdrawals and applications. 
 Section 3.14
Reports and Statements to Series 2013-2 Noteholders. 
 (a) On each Distribution Date, the Indenture Trustee shall post to the
following website, www.sf.citidirect.com, for viewing by each Series 2013-2 Noteholder, a statement substantially in the form of Exhibit B (the “Servicer Certificate”) prepared and supplied to the Indenture Trustee by the
Servicer. 
 (b) Not later than the Transfer Date, the Servicer shall deliver to the Owner Trustee, each Series 2013-2 Rating Agency and the
Indenture Trustee the Servicer Certificate. 
 (c) On or before January 31 of each calendar year, beginning with January 31, 2014,
the Indenture Trustee shall furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Series 2013-2 Noteholder, a statement prepared by the Servicer containing the information which is required to be
contained in the statement to Series 2013-2 Noteholders, as set forth in paragraph (a) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 2013-2 Noteholder, together with other
information as is required to be provided by an issuer of indebtedness under the Internal Revenue Code. Such obligation of the Indenture Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be
provided by the Servicer pursuant to any requirements of the Internal Revenue Code as from time to time in effect. 
 (d) Unless the
Indenture Trustee receives written notice of an error or omission related to disbursements provided to Series 2013-2 Noteholders within ninety (90) days of the Series 2013-2 Noteholders’ receipt of the same, the Indenture Trustee shall
have no 

  
 32 

 
liability in connection with such and, absent direction by the requisite percentage of the Series 2013-2 Noteholders entitled to direct the Indenture Trustee, no further obligations in connection
thereof. 
 ARTICLE IV 

MISCELLANEOUS PROVISIONS 

Section 4.01 Ratification of Indenture. As supplemented by this Indenture Supplement, the Indenture is in all respects ratified
and confirmed and the Indenture as so supplemented by this Indenture Supplement shall be read, taken and construed as one and the same instrument. 

Section 4.02 Counterparts. This Indenture Supplement may be executed in two or more counterparts (and by different parties on
separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. 

Section 4.03 Governing Law. This Indenture Supplement shall be governed by and construed in accordance with the internal laws of
the State of New York, without reference to the conflict of law provisions thereof or any other jurisdiction, other than Section 5-1401 and Section 5-1402 of the New York General Obligations Law, and the obligations, rights and remedies of
the parties hereunder shall be determined in accordance with such laws. 
 Section 4.04 Limitation of Owner Trustee Liability.
Notwithstanding anything to the contrary, this Indenture Supplement has been countersigned by Deutsche Bank Trust Company Delaware, not in its individual capacity but solely in its capacity as Owner Trustee. In no event shall Deutsche Bank Trust
Company Delaware in its individual capacity or, except as expressly provided in the Trust Agreement, as Owner Trustee have any liability for the representations, warranties, covenants, agreement or other obligations of Issuing Entity hereunder or in
any certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of Issuing Entity. For all purposes of this Indenture Supplement, in the performance of its duties or obligations
hereunder or in the performance of any duties or obligations of Issuing Entity hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. 

Section 4.05 No Registration of the Series 2013-2 Notes under the Securities Act. 

(a) The Series 2013-2 Notes have not been registered and will not be registered under the Securities Act, or any state securities laws, and
may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as such terms are defined under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities laws. 
 (b) Each purchaser and any transferor, as
applicable, of a Series 2013-2 Note will be deemed to represent and agree that: 
 (i) (x) the purchaser (i) is a “qualified
institutional buyer” as defined in Rule 144A under the Securities Act (a “Qualified Institutional Buyer”), (ii) is aware that the sale to it is being made in reliance on the exemption from registration provided by Rule
144A under the Securities Act and if it 

  
 33 

 
is acquiring any such Series 2013-2 Notes or any interest or participation therein for the account of any other Qualified Institutional Buyer, that other Qualified Institutional Buyer is aware
that the sale is being made in reliance on Rule 144A, and (iii) is acquiring the Series 2013-2 Notes or any interest or participation therein for its own account or for one or more accounts, each of which is a Qualified Institutional Buyer, and
as to each of which the purchaser exercises sole investment discretion, and in a principal amount of not less than the minimum denomination of such Series 2013-2 Note for the purchaser and for each such account; 

(ii) the purchaser and any transferee understand that the Series 2013-2 Notes are being offered only in a transaction not involving any public
offering in the United States within the meaning of the Securities Act, the Series 2013-2 Notes have not been and will not be registered under the Securities Act or any state or other applicable securities laws, and, if in the future the purchaser
or any transferee decides to offer, resell, pledge or otherwise transfer the Series 2013-2 Notes, such Series 2013-2 Notes may be offered, resold, pledged or otherwise transferred only in accordance with the Indenture and this Indenture Supplement
and only (a) so long as such Series 2013-2 Notes are eligible for resale pursuant to Rule 144A, to a person whom the seller reasonably believes is a Qualified Institutional Buyer acquiring the Series 2013-2 Notes for its own account or as a
fiduciary or agent for others (which others must also be Qualified Institutional Buyers) to whom notice is given that the resale or other transfer is being made in reliance on Rule 144A, (b) pursuant to an effective registration statement under
the Securities Act (however, there is no undertaking to register the Series 2013-2 Notes under any United States federal or state securities laws or any securities laws of any other jurisdiction on any future date), or (c) if the Series 2013-2
Notes are not eligible for resale pursuant to Rule 144A, pursuant to an exemption from registration under the Securities Act other than Rule 144A, and, in each case, in accordance with applicable United States federal or state securities laws or any
securities laws of any other applicable jurisdiction. The purchaser and any transferee acknowledge that no representation is made by the Issuing Entity or any initial purchasers, as the case may be, as to the availability of any exemption under the
Securities Act or any applicable state securities laws for resale of the Series 2013-2 Notes; 
 (iii) unless the relevant legend set out
below has been removed from the relevant Series 2013-2 Notes, the purchaser shall notify each transferee of the Series 2013-2 Notes that (a) such Series 2013-2 Notes have not been registered under the Securities Act, (b) the holder of such
Series 2013-2 Notes is subject to the restrictions on the resale or other transfer thereof described in paragraph (ii) above, (c) such transferee shall be deemed to have represented (1) either (A) if the Series 2013-2 Notes are
eligible for resale pursuant to Rule 144A, such transferee is a Qualified Institutional Buyer acquiring the Series 2013-2 Notes for its own account 

  
 34 

 
or as a fiduciary for others (which are Qualified Institutional Buyers), or (B) if the Series 2013-2 Notes are not eligible for resale pursuant to Rule 144A, that such transferee is
acquiring such Series 2013-2 Notes in reliance on an exemption under the Securities Act other than Rule 144A, and (2) that such transferee shall notify its subsequent transferees as to the foregoing; 

(iv) the purchaser and any transferee understand that an investment in the Series 2013-2 Notes involves certain risks, including the risk of
loss of all or a substantial part of its investment. The purchaser and any transferee have had access to such financial and other information concerning the Issuing Entity and the Series 2013-2 Notes as it deemed necessary or appropriate in order to
make an informed investment decision with respect to its purchase of the Series 2013-2 Notes, including an opportunity to ask questions of and request information from the Servicer and the Issuing Entity. The purchaser and any transferee have such
knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment in the Series 2013-2 Notes, and the purchaser and any transferee and any accounts for which it is acting are each able
to bear the economic risk of its investment for an indefinite period of time; 
 (v) in connection with the purchase of the Series 2013-2
Notes (a) none of the Issuing Entity, any initial purchasers, the Servicer, NFC, the Depositor or the Indenture Trustee is acting as a fiduciary or financial or investment adviser for the purchaser or any transferee; (b) the purchaser or
any transferee is not relying (for purposes of making any investment decision or otherwise) upon any advice, counsel or representations (whether written or oral) of the Issuing Entity, any initial purchasers, the Servicer, NFC, the Depositor or the
Indenture Trustee other than in a current confidential offering memorandum supplement or the confidential offering memorandum for such Series 2013-2 Notes and any representations expressly set forth in a written agreement with such party;
(c) none of the Issuing Entity, any initial purchasers, the Servicer, NFC, the Depositor or the Indenture Trustee has given to the purchaser or any transferee (directly or indirectly through any other person) any assurance, guarantee, or
representation whatsoever as to the expected or projected success, profitability, return, performance, result, effect, consequence, or benefit (including legal, regulatory, tax, financial, accounting, or otherwise) of its purchase or the
documentation for the Series 2013-2 Notes, (d) the purchaser or any transferee has consulted with its own legal, regulatory, tax, business, investment, financial, and accounting advisers to the extent it has deemed necessary, and it has made
its own investment decisions (including decisions regarding the suitability of any transaction pursuant to the Indenture) based upon its own judgment and upon any advice from such advisers as it has deemed necessary and not upon any view expressed
by the Issuing Entity, any initial purchasers, the Servicer, 

  
 35 

 
NFC, the Depositor or the Indenture Trustee, (e) the purchaser or any transferee has determined that the rates, prices or amounts and other terms of the purchase and sale of the Series
2013-2 Notes reflect those in the relevant market for similar transactions, (f) the purchaser or any transferee is purchasing the Series 2013-2 Notes with a full understanding of all of the terms, conditions and risks thereof (economic and
otherwise), and is capable of assuming and willing to assume (financially and otherwise) these risks, and (g) the purchaser or any transferee is a sophisticated investor familiar with transactions similar to its investment in the Series 2013-2
Notes; 
 (vi) the purchaser and each transferee acknowledge that each Series 2013-2 Note will bear a legend to the following effect unless
determined otherwise by the Issuing Entity: 
 THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS NOTE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT (A) (1) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT (A “QUALIFIED INSTITUTIONAL BUYER”) WHO IS EITHER PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, IN
A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, FOR THE PURCHASER AND FOR EACH SUCH ACCOUNT, IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE
PURSUANT TO RULE 144A, SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, (2) IF THIS NOTE IS NOT ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OTHER THAN RULE 144A IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE
SUPPLEMENT, OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT (HOWEVER, THERE IS NO UNDERTAKING TO REGISTER THE NOTES UNDER ANY 

  
 36 

 
UNITED STATES FEDERAL OR STATE SECURITIES LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION ON ANY FUTURE DATE), AND (B) IN ACCORDANCE WITH THE SECURITIES ACT AND ALL APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER APPLICABLE JURISDICTION. EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS SET FORTH IN THE INDENTURE AND THE INDENTURE SUPPLEMENT. ANY
TRANSFER IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT, WILL BE VOID AB INITIO, AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE ISSUING ENTITY, THE INDENTURE
TRUSTEE OR ANY INTERMEDIARY. 
 EACH HOLDER OF A NOTE WILL BE DEEMED TO REPRESENT AND WARRANT THAT EITHER (i) IT IS NOT ACQUIRING THE
NOTE WITH THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) THAT IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA,
(B) A “PLAN” DESCRIBED IN SECTION 4975(e)(1) OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN
ASSETS” BY REASON OF INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY OR (D) ANY OTHER PLAN THAT IS SUBJECT TO ANY LAW THAT IS SUBSTANTIALLY SIMILAR TO ERISA OR SECTION 4975 OF THE CODE OR (ii) THE ACQUISITION AND HOLDING
OF THE NOTE WILL NOT GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SUBSTANTIALLY SIMILAR APPLICABLE LAW. 

(vii) each of the purchaser and any transferee either (x) is not acquiring the notes with the assets of an “employee benefit
plan” as defined in Section 3(3) of ERISA that is subject to the provisions of Title I of ERISA, a “plan” described in Section 4975(e)(1) of the Code that is subject to Section 4975 of the Code, an entity whose
underlying assets include “plan assets” by reason of investment by an employee benefit plan or plan in such entity or any other plan that is subject to any law that is 

  
 37 

 
substantially similar to ERISA or Section 4975 of the Code, or (y) its acquisition, holding and disposition of the Series 2013-2 Note will not result in a
non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any substantially similar law; 

(viii) the purchaser and any transferee are not purchasing the Series 2013-2 Notes with a view to the resale, distribution or other
disposition thereof in violation of the Securities Act; 
 (ix) the purchaser and any transferee will provide notice to each person to whom
it proposes to transfer any interest in the Series 2013-2 Notes of the transfer restrictions and representations set forth in the Indenture and this Indenture Supplement, including the exhibits thereto; 

(x) the purchaser or any transferee acknowledges that the Series 2013-2 Notes do not represent deposits with or other liabilities of the
Indenture Trustee, any initial purchasers, the Servicer, NFC, the Depositor or any entity related to any of them. Unless otherwise expressly provided in the Indenture or this Indenture Supplement, each of the Indenture Trustee, any initial
purchasers, the Servicer, NFC, the Depositor or any entity related to any of them shall not, in any way, be responsible for or stand behind the capital value or the performance of the Series 2013-2 Notes or the assets held by the Issuing Entity; and

 (xi) the purchaser acknowledges that the Indenture Trustee, the Issuing Entity, any initial purchasers, the Servicer, NFC, the Depositor
and others will rely upon the truth and accuracy of the foregoing acknowledgments, representations and agreements and agrees that, if any of the acknowledgments, representations or warranties deemed to have been made by it by virtue of its purchase
of a Series 2013-2 Note (or a beneficial interest therein) is no longer accurate, then it shall promptly so notify NFC and the Depositor in writing. 

(c) In the event that the Depositor or an Affiliate of the Depositor holds all or a portion of any class of Series 2013-2 Notes, it shall be
entitled to amend the transfer restrictions applicable to such retained notes without the consent of the Indenture Trustee or any of the Series 2013-2 Noteholders, subject to the requirements of Section 10.01 of the Indenture. 

Section 4.06 Consent to Amendments in Backup Servicing Agreement. By its purchase and acceptance of a Series 2013-2 Note, each
purchaser thereof shall be deemed to have consented to the terms, provisions and limitations specified in Exhibit A to the Backup Servicing Agreement which will be applicable upon the appointment of the Backup Servicer as Successor Servicer
under the Pooling and Servicing Agreement. 
 Section 4.07 Amendments. Notwithstanding anything herein or the Indenture to the
contrary, the definitions of “Excess Cash Collateral Trigger,” “Minimum Seller’s Interest,” “Mismatch Rate,” “Required Seller’s Percentage,” “Series 2013-2 Overcollateralization Factor”

  
 38 

 
and “Spread Account Percentage,” contained in this Indenture Supplement may be amended by the Issuing Entity upon satisfaction of the Series 2013-2 Rating Agency Condition with respect
thereto, but without the consent of any other Person (including any Securityholder). Notice of any such amendment shall be delivered to the Securityholders in accordance with the Indenture. 

  
 39 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture Supplement to be duly executed
as of the day and year first above written. 
  

					
	NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II
		
	By:	 	DEUTSCHE BANK TRUST COMPANY DELAWARE, as Owner Trustee and not in its individual capacity
		
	By:	 	 /s/ Michele HY Voon

		 	Name:	 	Michele HY Voon
		 	Title:	 	Attorney-in-fact
		
	By:	 	 /s/ Mark DiGiacomo

		 	Name:	 	Mark DiGiacomo
		 	Title:	 	Attorney-in-fact
	
	CITIBANK, N.A., as Indenture Trustee and not in its individual capacity
		
	By:	 	 /s/ Jacqueline Suarez

		 	Name:	 	Jacqueline Suarez
		 	Title:	 	Vice President

 EXHIBIT A-1 

FORM OF SERIES 2013-2 NOTE, CLASS A 

THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS NOTE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT (A) (1) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT (A “QUALIFIED INSTITUTIONAL BUYER”) WHO IS EITHER PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN
INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, FOR THE PURCHASER AND FOR EACH SUCH ACCOUNT, IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, SUBJECT TO THE SATISFACTION OF
CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, (2) IF THIS NOTE IS NOT ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OTHER THAN RULE 144A IN A
PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT (HOWEVER, THERE IS NO UNDERTAKING TO REGISTER THE NOTES UNDER ANY UNITED STATES FEDERAL OR STATE SECURITIES LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION ON ANY FUTURE DATE), AND (B) IN
ACCORDANCE WITH THE SECURITIES ACT AND ALL APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER APPLICABLE JURISDICTION. EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS SET FORTH
IN THE INDENTURE AND THE INDENTURE SUPPLEMENT. ANY TRANSFER IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT, WILL BE VOID AB INITIO, AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE
CONTRARY TO THE ISSUING ENTITY, THE INDENTURE TRUSTEE OR ANY INTERMEDIARY. 
 EACH HOLDER OF THIS NOTE WILL BE DEEMED TO REPRESENT AND
WARRANT THAT EITHER (i) IT IS NOT ACQUIRING THIS NOTE WITH THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN 

  
 Ex. A-1-1 

 
SECTION 3(3) OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) THAT IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (B) A “PLAN”
DESCRIBED IN SECTION 4975(e)(1) OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF
INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY OR (D) ANY OTHER PLAN THAT IS SUBJECT TO ANY LAW THAT IS SUBSTANTIALLY SIMILAR TO ERISA OR SECTION 4975 OF THE CODE OR (ii) THE ACQUISITION AND HOLDING OF THIS NOTE WILL NOT
GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SUBSTANTIALLY SIMILAR APPLICABLE LAW. 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT SHALL NOT AT
ANY TIME INSTITUTE AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL CORPORATION, OR JOIN IN ANY INSTITUTION AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL
CORPORATION, ANY BANKRUPTCY PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES, THE INDENTURE OR THE INDENTURE SUPPLEMENT. 

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL
INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME. 

  
 Ex. A-1-2 

			
	A-1 REGISTERED $        	  	No.      CUSIP NO.             

 NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II 

FLOATING RATE DEALER NOTE ASSET BACKED NOTES, SERIES 2013-2 

Navistar Financial Dealer Note Master Owner Trust II, a statutory trust created under the laws of the State of Delaware (herein referred to as
the “Issuing Entity”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject to the following provisions, a principal sum of
                                         payable
no sooner than on the September 2015 Distribution Date (the “Expected Principal Distribution Date”), except as otherwise provided below or in the Indenture; provided, however, that the entire unpaid principal amount of
this Note shall be due and payable on the September 2018 Distribution Date (the “Legal Final Maturity Date”). Interest shall accrue on this Note from each Distribution Date (or, in the case of the first Distribution Date, from the
date of issuance of this Note) to but excluding the following Distribution Date. Interest shall be computed on the basis of a 360-day year and the actual number of days elapsed. Such principal of and interest
on this Note shall be paid in the manner specified on the reverse hereof. 
 The principal of and interest on this Note are payable in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Note shall be applied first to interest due and payable
on this Note as provided above and then to the unpaid principal of this Note. 
 Reference is made to the further provisions of this Note
set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. 
 Unless the
certificate of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid for any
purpose. 

  
 Ex. A-1-3 

 IN WITNESS WHEREOF, the Issuing Entity has caused this instrument to be signed, manually or in
facsimile. 
  

					
	NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II, as Issuing Entity
		
	By:	 	DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity but solely as Owner Trustee under the Trust Agreement
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	Date:             , 20    

 INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION This is one of the Notes designated above and
referred to in the within-mentioned Indenture. 
  

			
	CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 Ex. A-1-4 

 [REVERSE OF NOTE] 

This Series 2013-2 Note, Class A is one of the Notes of a duly authorized issue of Notes of the Issuing Entity, designated as its
Floating Rate Dealer Note Asset Backed Notes, Series 2013-2 Class A (herein called the “Notes”), all issued under an Indenture dated as of November 2, 2011 (such Indenture, as supplemented or amended, is herein called the
“Indenture”), as supplemented by an Indenture Supplement dated as of October 24, 2013 (the “Indenture Supplement”), between the Issuing Entity and Citibank, N.A., as Indenture Trustee (the “Indenture
Trustee”, which term includes any successor Indenture Trustee under the Indenture), to which Indenture and Indenture Supplement reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuing
Entity, the Indenture Trustee and the Holders of the Notes. The Notes are subject to all terms of the Indenture and the Indenture Supplement. All terms used in this Note that are defined in the Indenture or the Indenture Supplement, each as
supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture or the Indenture Supplement, as so supplemented or amended. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing Entity, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing Entity, the Owner Trustee or the Indenture Trustee, (iii) any partner, owner,
beneficiary, agent, officer, director or employee of the Issuing Entity, the Indenture Trustee or the Owner Trustee in its individual capacity, or (iv) any holder of a beneficial interest in the Issuing Entity, the Owner Trustee or the
Indenture Trustee or of any successor or assign of the Indenture Trustee or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully
liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder shall not at any time institute against Navistar Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity, or join in any institution against Navistar
Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the Indenture or the Indenture Supplement. 
 Prior to the due
presentment for registration of transfer of this Note, the Issuing Entity, the Indenture Trustee and any agent of the Issuing Entity or the Indenture Trustee may treat the Person in whose name this Note (as of the day of determination or as of such
other date as may be specified in the Indenture) is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Issuing Entity, the Indenture Trustee nor any such agent shall be affected by notice to the
contrary. 

  
 Ex. A-1-5 

 THIS NOTE AND THE INDENTURE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (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. 
 No reference herein to the Indenture or the Indenture Supplement and no provision of
this Note or of the Indenture or the Indenture Supplement shall alter or impair the obligation of the Issuing Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place, and rate, and in the
coin or currency herein prescribed. 

  
 Ex. A-1-6 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee
                                         

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto (name and address of assignee)
                                         the
within Note and all rights thereunder, and hereby irrevocably constitutes and appoints attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

			
	Dated:	 	  

	
	  

	Signature Guaranteed

  
 Ex. A-1-7 

 EXHIBIT A-2 

FORM OF SERIES 2013-2 NOTE, CLASS B 

THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS NOTE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT (A) (1) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT (A “QUALIFIED INSTITUTIONAL BUYER”) WHO IS EITHER PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN
INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, FOR THE PURCHASER AND FOR EACH SUCH ACCOUNT, IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, SUBJECT TO THE SATISFACTION OF
CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, (2) IF THIS NOTE IS NOT ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OTHER THAN RULE 144A IN A
PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT (HOWEVER, THERE IS NO UNDERTAKING TO REGISTER THE NOTES UNDER ANY UNITED STATES FEDERAL OR STATE SECURITIES LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION ON ANY FUTURE DATE), AND (B) IN
ACCORDANCE WITH THE SECURITIES ACT AND ALL APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER APPLICABLE JURISDICTION. EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS SET FORTH
IN THE INDENTURE AND THE INDENTURE SUPPLEMENT. ANY TRANSFER IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT, WILL BE VOID AB INITIO, AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE
CONTRARY TO THE ISSUING ENTITY, THE INDENTURE TRUSTEE OR ANY INTERMEDIARY. 
 EACH HOLDER OF THIS NOTE WILL BE DEEMED TO REPRESENT AND
WARRANT THAT EITHER (i) IT IS NOT ACQUIRING THIS NOTE WITH THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN 

  
 Ex. A-2-1 

 
SECTION 3(3) OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) THAT IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (B) A “PLAN”
DESCRIBED IN SECTION 4975(e)(1) OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF
INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY OR (D) ANY OTHER PLAN THAT IS SUBJECT TO ANY LAW THAT IS SUBSTANTIALLY SIMILAR TO ERISA OR SECTION 4975 OF THE CODE OR (ii) THE ACQUISITION AND HOLDING OF THIS NOTE WILL NOT
GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SUBSTANTIALLY SIMILAR APPLICABLE LAW. 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT SHALL NOT AT
ANY TIME INSTITUTE AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL CORPORATION, OR JOIN IN ANY INSTITUTION AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL
CORPORATION, ANY BANKRUPTCY PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES, THE INDENTURE OR THE INDENTURE SUPPLEMENT. 

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL
INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME. 

  
 Ex. A-2-2 

			
	B-1 REGISTERED $        	  	No.      CUSIP NO.             

 NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II 

FLOATING RATE DEALER NOTE ASSET BACKED NOTES, SERIES 2013-2 

Navistar Financial Dealer Note Master Owner Trust II, a statutory trust created under the laws of the State of Delaware (herein referred to as
the “Issuing Entity”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject to the following provisions, a principal sum of
                                         payable
no sooner than on the September 2015 Distribution Date (the “Expected Principal Distribution Date”), except as otherwise provided below or in the Indenture; provided, however, that the entire unpaid principal amount of
this Note shall be due and payable on the September 2018 Distribution Date (the “Legal Final Maturity Date”). Interest shall accrue on this Note from each Distribution Date (or, in the case of the first Distribution Date, from the
date of issuance of this Note) to but excluding the following Distribution Date. Interest shall be computed on the basis of a 360-day year and the actual number of days elapsed. Such principal of and interest
on this Note shall be paid in the manner specified on the reverse hereof. 
 The principal of and interest on this Note are payable in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Note shall be applied first to interest due and payable
on this Note as provided above and then to the unpaid principal of this Note. 
 Reference is made to the further provisions of this Note
set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. 
 Unless the
certificate of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid for any
purpose. 
 This Series 2013-2 Note, Class B is subordinate in the right to payment to the Series 2013-2 Notes, Class A in the manner
provided in the Indenture and the Indenture Supplement. 

  
 Ex. A-2-3 

 IN WITNESS WHEREOF, the Issuing Entity has caused this instrument to be signed, manually or in
facsimile. 
  

					
	NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II, as Issuing Entity
		
	By:	 	DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity but solely as Owner Trustee under the Trust Agreement
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	Date:             , 20    

 INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION This is one of the Notes designated above and
referred to in the within-mentioned Indenture. 
  

			
	CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 Ex. A-2-4 

 [REVERSE OF NOTE] 

This Series 2013-2 Note, Class B is one of the Notes of a duly authorized issue of Notes of the Issuing Entity, designated as its Floating
Rate Dealer Note Asset Backed Notes, Series 2013-2 Class B (herein called the “Notes”), all issued under an Indenture dated as of November 2, 2011 (such Indenture, as supplemented or amended, is herein called the
“Indenture”), as supplemented by an Indenture Supplement dated as of October 24, 2013 (the “Indenture Supplement”), between the Issuing Entity and Citibank, N.A., as Indenture Trustee (the “Indenture
Trustee”, which term includes any successor Indenture Trustee under the Indenture), to which Indenture and Indenture Supplement reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuing
Entity, the Indenture Trustee and the Holders of the Notes. The Notes are subject to all terms of the Indenture and the Indenture Supplement. All terms used in this Note that are defined in the Indenture or the Indenture Supplement, each as
supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture or the Indenture Supplement, as so supplemented or amended. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing Entity, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing Entity, the Owner Trustee or the Indenture Trustee, (iii) any partner, owner,
beneficiary, agent, officer, director or employee of the Issuing Entity, the Indenture Trustee or the Owner Trustee in its individual capacity, or (iv) any holder of a beneficial interest in the Issuing Entity, the Owner Trustee or the
Indenture Trustee or of any successor or assign of the Indenture Trustee or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully
liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder shall not at any time institute against Navistar Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity, or join in any institution against Navistar
Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the Indenture or the Indenture Supplement. 
 Prior to the due
presentment for registration of transfer of this Note, the Issuing Entity, the Indenture Trustee and any agent of the Issuing Entity or the Indenture Trustee may treat the Person in whose name this Note (as of the day of determination or as of such
other date as may be specified in the Indenture) is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Issuing Entity, the Indenture Trustee nor any such agent shall be affected by notice to the
contrary. 

  
 Ex. A-2-5 

 THIS NOTE AND THE INDENTURE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (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. 
 No reference herein to the Indenture or the Indenture Supplement and no provision of
this Note or of the Indenture or the Indenture Supplement shall alter or impair the obligation of the Issuing Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place, and rate, and in the
coin or currency herein prescribed. 

  
 Ex. A-2-6 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee
                                         

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto (name and address of assignee)
                                         the
within Note and all rights thereunder, and hereby irrevocably constitutes and appoints attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

			
	Dated:	 	  

	
	  

	Signature Guaranteed

  
 Ex. A-2-7 

 EXHIBIT A-3 

FORM OF SERIES 2013-2 NOTE, CLASS C 

THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS NOTE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT (A) (1) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT (A “QUALIFIED INSTITUTIONAL BUYER”) WHO IS EITHER PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN
INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, FOR THE PURCHASER AND FOR EACH SUCH ACCOUNT, IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, SUBJECT TO THE SATISFACTION OF
CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, (2) IF THIS NOTE IS NOT ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OTHER THAN RULE 144A IN A
PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT (HOWEVER, THERE IS NO UNDERTAKING TO REGISTER THE NOTES UNDER ANY UNITED STATES FEDERAL OR STATE SECURITIES LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION ON ANY FUTURE DATE), AND (B) IN
ACCORDANCE WITH THE SECURITIES ACT AND ALL APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER APPLICABLE JURISDICTION. EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS SET FORTH
IN THE INDENTURE AND THE INDENTURE SUPPLEMENT. ANY TRANSFER IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT, WILL BE VOID AB INITIO, AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE
CONTRARY TO THE ISSUING ENTITY, THE INDENTURE TRUSTEE OR ANY INTERMEDIARY. 
 EACH HOLDER OF THIS NOTE WILL BE DEEMED TO REPRESENT AND
WARRANT THAT EITHER (i) IT IS NOT ACQUIRING THIS NOTE WITH THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN 

  
 Ex. A-3-1 

 
SECTION 3(3) OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) THAT IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (B) A “PLAN”
DESCRIBED IN SECTION 4975(e)(1) OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF
INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY OR (D) ANY OTHER PLAN THAT IS SUBJECT TO ANY LAW THAT IS SUBSTANTIALLY SIMILAR TO ERISA OR SECTION 4975 OF THE CODE OR (ii) THE ACQUISITION AND HOLDING OF THIS NOTE WILL NOT
GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SUBSTANTIALLY SIMILAR APPLICABLE LAW. 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT SHALL NOT AT
ANY TIME INSTITUTE AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL CORPORATION, OR JOIN IN ANY INSTITUTION AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL
CORPORATION, ANY BANKRUPTCY PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES, THE INDENTURE OR THE INDENTURE SUPPLEMENT. 

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL
INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME. 

  
 Ex. A-3-2 

			
	C-1 REGISTERED $        	  	No.      CUSIP NO.             

 NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II 

FLOATING RATE DEALER NOTE ASSET BACKED NOTES, SERIES 2013-2 

Navistar Financial Dealer Note Master Owner Trust II, a statutory trust created under the laws of the State of Delaware (herein referred to as
the “Issuing Entity”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject to the following provisions, a principal sum of
                                         payable
no sooner than on the September 2015 Distribution Date (the “Expected Principal Distribution Date”), except as otherwise provided below or in the Indenture; provided, however, that the entire unpaid principal amount of
this Note shall be due and payable on the September 2018 Distribution Date (the “Legal Final Maturity Date”). Interest shall accrue on this Note from each Distribution Date (or, in the case of the first Distribution Date, from the
date of issuance of this Note) to but excluding the following Distribution Date. Interest shall be computed on the basis of a 360-day year and the actual number of days elapsed. Such principal of and interest
on this Note shall be paid in the manner specified on the reverse hereof. 
 The principal of and interest on this Note are payable in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Note shall be applied first to interest due and payable
on this Note as provided above and then to the unpaid principal of this Note. 
 Reference is made to the further provisions of this Note
set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. 
 Unless the
certificate of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid for any
purpose. 
 This Series 2013-2 Note, Class C is subordinate in the right to payment to the Series 2013-2 Notes, Class A and the Series
2013-2 Notes, Class B in the manner provided in the Indenture and the Indenture Supplement. 

  
 Ex. A-3-3 

 IN WITNESS WHEREOF, the Issuing Entity has caused this instrument to be signed, manually or in
facsimile. 
  

					
	NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II, as Issuing Entity
		
	By:	 	DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity but solely as Owner Trustee under the Trust Agreement
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	Date:             , 20    

 INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION This is one of the Notes designated above and
referred to in the within-mentioned Indenture. 
  

			
	CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 Ex. A-3-4 

 [REVERSE OF NOTE] 

This Series 2013-2 Note, Class C is one of the Notes of a duly authorized issue of Notes of the Issuing Entity, designated as its Floating
Rate Dealer Note Asset Backed Notes, Series 2013-2 Class C (herein called the “Notes”), all issued under an Indenture dated as of November 2, 2011 (such Indenture, as supplemented or amended, is herein called the
“Indenture”), as supplemented by an Indenture Supplement dated as of October 24, 2013 (the “Indenture Supplement”), between the Issuing Entity and Citibank, N.A., as Indenture Trustee (the “Indenture
Trustee”, which term includes any successor Indenture Trustee under the Indenture), to which Indenture and Indenture Supplement reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuing
Entity, the Indenture Trustee and the Holders of the Notes. The Notes are subject to all terms of the Indenture and the Indenture Supplement. All terms used in this Note that are defined in the Indenture or the Indenture Supplement, each as
supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture or the Indenture Supplement, as so supplemented or amended. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing Entity, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing Entity, the Owner Trustee or the Indenture Trustee, (iii) any partner, owner,
beneficiary, agent, officer, director or employee of the Issuing Entity, the Indenture Trustee or the Owner Trustee in its individual capacity, or (iv) any holder of a beneficial interest in the Issuing Entity, the Owner Trustee or the
Indenture Trustee or of any successor or assign of the Indenture Trustee or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully
liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder shall not at any time institute against Navistar Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity, or join in any institution against Navistar
Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the Indenture or the Indenture Supplement. 
 Prior to the due
presentment for registration of transfer of this Note, the Issuing Entity, the Indenture Trustee and any agent of the Issuing Entity or the Indenture Trustee may treat the Person in whose name this Note (as of the day of determination or as of such
other date as may be specified in the Indenture) is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Issuing Entity, the Indenture Trustee nor any such agent shall be affected by notice to the
contrary. 

  
 Ex. A-3-5 

 THIS NOTE AND THE INDENTURE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (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. 
 No reference herein to the Indenture or the Indenture Supplement and no provision of
this Note or of the Indenture or the Indenture Supplement shall alter or impair the obligation of the Issuing Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place, and rate, and in the
coin or currency herein prescribed. 

  
 Ex. A-3-6 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee
                                         

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto (name and address of assignee)
                                         the
within Note and all rights thereunder, and hereby irrevocably constitutes and appoints attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

			
	Dated:	 	  

	
	  

	Signature Guaranteed

  
 Ex. A-3-7 

 EXHIBIT A-4 

FORM OF SERIES 2013-2 NOTE, CLASS D 

THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS NOTE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT (A) (1) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT (A “QUALIFIED INSTITUTIONAL BUYER”) WHO IS EITHER PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN
INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, FOR THE PURCHASER AND FOR EACH SUCH ACCOUNT, IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, SUBJECT TO THE SATISFACTION OF
CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, (2) IF THIS NOTE IS NOT ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OTHER THAN RULE 144A IN A
PRINCIPAL AMOUNT OF NOT LESS THAN $100,000 AND IN INTEGRAL MULTIPLES OF $1,000 IN EXCESS THEREOF, SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS SPECIFIED IN THE INDENTURE AND THE INDENTURE SUPPLEMENT, OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT (HOWEVER, THERE IS NO UNDERTAKING TO REGISTER THE NOTES UNDER ANY UNITED STATES FEDERAL OR STATE SECURITIES LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION ON ANY FUTURE DATE), AND (B) IN
ACCORDANCE WITH THE SECURITIES ACT AND ALL APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER APPLICABLE JURISDICTION. EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS SET FORTH
IN THE INDENTURE AND THE INDENTURE SUPPLEMENT. ANY TRANSFER IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT, WILL BE VOID AB INITIO, AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE
CONTRARY TO THE ISSUING ENTITY, THE INDENTURE TRUSTEE OR ANY INTERMEDIARY. 
 EACH HOLDER OF THIS NOTE WILL BE DEEMED TO REPRESENT AND
WARRANT THAT EITHER (i) IT IS NOT ACQUIRING THIS NOTE WITH THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN 

  
 Ex. A-4-1 

 
SECTION 3(3) OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) THAT IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (B) A “PLAN”
DESCRIBED IN SECTION 4975(e)(1) OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) THAT IS SUBJECT TO SECTION 4975 OF THE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF
INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY OR (D) ANY OTHER PLAN THAT IS SUBJECT TO ANY LAW THAT IS SUBSTANTIALLY SIMILAR TO ERISA OR SECTION 4975 OF THE CODE OR (ii) THE ACQUISITION AND HOLDING OF THIS NOTE WILL NOT
GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF ANY SUBSTANTIALLY SIMILAR APPLICABLE LAW. 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT SHALL NOT AT
ANY TIME INSTITUTE AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL CORPORATION, OR JOIN IN ANY INSTITUTION AGAINST THE ISSUING ENTITY, NAVISTAR FINANCIAL SECURITIES CORPORATION OR NAVISTAR FINANCIAL
CORPORATION, ANY BANKRUPTCY PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES, THE INDENTURE OR THE INDENTURE SUPPLEMENT. 

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL
INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME. 

  
 Ex. A-4-2 

			
	D-1 REGISTERED $        	 	No.      CUSIP NO.             

 NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II 

FLOATING RATE DEALER NOTE ASSET BACKED NOTES, SERIES 2013-2 

Navistar Financial Dealer Note Master Owner Trust II, a statutory trust created under the laws of the State of Delaware (herein referred to as
the “Issuing Entity”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject to the following provisions, a principal sum of
                                         payable
no sooner than on the September 2015 Distribution Date (the “Expected Principal Distribution Date”), except as otherwise provided below or in the Indenture; provided, however, that the entire unpaid principal amount of
this Note shall be due and payable on the September 2018 Distribution Date (the “Legal Final Maturity Date”). Interest shall accrue on this Note from each Distribution Date (or, in the case of the first Distribution Date, from the
date of issuance of this Note) to but excluding the following Distribution Date. Interest shall be computed on the basis of a 360-day year and the actual number of days elapsed. Such principal of and interest
on this Note shall be paid in the manner specified on the reverse hereof. 
 The principal of and interest on this Note are payable in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Note shall be applied first to interest due and payable
on this Note as provided above and then to the unpaid principal of this Note. 
 Reference is made to the further provisions of this Note
set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. 
 Unless the
certificate of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid for any
purpose. 
 This Series 2013-2 Note, Class D is subordinate in the right to payment to the Series 2013-2 Notes, Class A, the Series
2013-2 Notes, Class B, and the Series 2013-2 Notes, Class C in the manner provided in the Indenture and the Indenture Supplement. 

  
 Ex. A-4-3 

 IN WITNESS WHEREOF, the Issuing Entity has caused this instrument to be signed, manually or in
facsimile. 
  

					
	NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II, as Issuing Entity
		
	By:	 	DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity but solely as Owner Trustee under the Trust Agreement
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	Date:             , 20    

 INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION This is one of the Notes designated above and
referred to in the within-mentioned Indenture. 
  

			
	CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Date:             , 20    

  
 Ex. A-4-4 

 [REVERSE OF NOTE] 

This Series 2013-2 Note, Class D is one of the Notes of a duly authorized issue of Notes of the Issuing Entity, designated as its Floating
Rate Dealer Note Asset Backed Notes, Series 2013-2 Class D (herein called the “Notes”), all issued under an Indenture dated as of November 2, 2011 (such Indenture, as supplemented or amended, is herein called the
“Indenture”), as supplemented by an Indenture Supplement dated as of October 24, 2013 (the “Indenture Supplement”), between the Issuing Entity and Citibank, N.A., as Indenture Trustee (the “Indenture
Trustee”, which term includes any successor Indenture Trustee under the Indenture), to which Indenture and Indenture Supplement reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuing
Entity, the Indenture Trustee and the Holders of the Notes. The Notes are subject to all terms of the Indenture and the Indenture Supplement. All terms used in this Note that are defined in the Indenture or the Indenture Supplement, each as
supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture or the Indenture Supplement, as so supplemented or amended. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing Entity, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing Entity, the Owner Trustee or the Indenture Trustee, (iii) any partner, owner,
beneficiary, agent, officer, director or employee of the Issuing Entity, the Indenture Trustee or the Owner Trustee in its individual capacity, or (iv) any holder of a beneficial interest in the Issuing Entity, the Owner Trustee or the
Indenture Trustee or of any successor or assign of the Indenture Trustee or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully
liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder shall not at any time institute against Navistar Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity, or join in any institution against Navistar
Financial Securities Corporation, Navistar Financial Corporation or the Issuing Entity of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy
or similar law in connection with any obligations relating to the Notes, the Indenture or the Indenture Supplement. 
 Prior to the due
presentment for registration of transfer of this Note, the Issuing Entity, the Indenture Trustee and any agent of the Issuing Entity or the Indenture Trustee may treat the Person in whose name this Note (as of the day of determination or as of such
other date as may be specified in the Indenture) is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Issuing Entity, the Indenture Trustee nor any such agent shall be affected by notice to the
contrary. 

  
 Ex. A-4-5 

 THIS NOTE AND THE INDENTURE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (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. 
 No reference herein to the Indenture or the Indenture Supplement and no provision of
this Note or of the Indenture or the Indenture Supplement shall alter or impair the obligation of the Issuing Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place, and rate, and in the
coin or currency herein prescribed. 

  
 Ex. A-4-6 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee
                                         

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto (name and address of assignee)
                                         the
within Note and all rights thereunder, and hereby irrevocably constitutes and appoints attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

			
	Dated:	 	  

	
	  

	Signature Guaranteed

  
 Ex. A-4-7 

 EXHIBIT B 

FORM OF MONTHLY SERVICER AND SETTLEMENT CERTIFICATE 

  
 Ex. B-1 

 NOTE STATEMENT 

MONTHLY SERVICER AND SETTLEMENT CERTIFICATE # 01 

NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II 

SERIES 2013-2 NOTES 
 Under the Series 2013-2
Indenture Supplement dated as of             , 2013 (the “Indenture Supplement”) by and among the Navistar Financial Dealer Note Master Owner Trust II (the “Master Owner
Trust II”) and the Citibank, N.A., as trustee (the “Indenture Trustee”), the information which is required to be prepared with respect to the Payment Date of             ,
2013, the Transfer Date of             , 2013 and with respect to the performance of the Master Owner Trust II during the Due Period ended on
            , 2013 and the Distribution Period ended on             , 2013 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per Note. Certain other information is presented based on the aggregate amounts for the Master Owner Trust II as a whole. Capitalized terms used but not otherwise defined herein shall
have the meanings assigned to such terms in the Indenture Supplement. 
  

							
	1	 	NFC is Servicer under the Agreement.	  			
			
	2	 	The undersigned is a Servicing Officer.	  			
			
	3	 	Master Trust II Information.	  			
			
	3.1	 	The amount of the Advance, if any, for the Due Period	  	 	0.00	  
			
	3.2	 	The amount of ITEC Finance Charges for the Due Period	  	 	0.00	  
			
	3.3	 	The average daily balance of Dealer Notes outstanding during the Due Period	  	 	0.00	  
			
	3.4	 	The total amount of Advance Reimbursements for the Due Period	  	 	0.00	  
			
	3.5	 	The aggregate principal amount of Dealer Notes repaid during the Due Period	  	 	0.00	  
			
	3.6	 	The aggregate principal amount of Dealer Notes purchased by the Master Trust II during the Due Period	  	 	0.00	  
			
	3.7.1	 	The amount of the Servicing Fee for the Due Period	  	 	0.00	  
			
	3.7.2	 	The amount of the Backup Servicing Fee for the Due Period	  	 	0.00	  
			
	3.7.3	 	The amount of the Backup Servicing Expenses for the Due Period	  	 	0.00	  
			
	3.8	 	The average daily Master Trust II Seller’s Interest during the Due Period	  	 	0.00	  
			
	3.9	 	The Master Trust II Seller’s Interest as of the Distribution Date (after giving effect to the transactions set forth in Article IV of the Supplement)	  	 	0.00	  
			
	3.10	 	The aggregate amount of Collections for the Due Period	  	 	0.00	  
			
	3.11	 	The aggregate amount of Finance Charge Collections for the Due Period	  	 	0.00	  
			
	3.12	 	The aggregate amount of Principal Collections for the Due Period	  	 	0.00	  
			
	3.13	 	The amount of Dealer Note Losses/(Recoveries) for the Due Period	  	 	0.00	  
			
	3.14	 	The aggregate amount of Dealer Notes as of the last day of the Due Period	  	 	0.00	  

  
 Ex. B-2 

									
	3.15	 	The aggregate amount of funds on deposit in the Excess Funding Account as of the end of the last day of the Due Period (after giving effect to the transactions set forth in Article IV of the Supplement and Article IV of
the Agreement)	  	 	0.00	  
			
	3.16	 	Eligible Investments in the Excess Funding Account:	  			
				
		 	a.	  	The aggregate amount of funds invested in Eligible Investments as of the end of the Due Period	  	 	0.00	  
		 	b.	  	Description of each Eligible Investment:	  	 
 	JP Morgan Prime
Money Market Fund	  
  
				
		 	c.	  	The rate of interest applicable to each such Eligible Investment	  	 	0.00	% 
				
		 	d.	  	The rating of each such Eligible Investment	  	 	AAAm/Aaa	  
			
	3.17	 	The aggregate amount of Dealer Notes issued to finance OEM Vehicles, as of the end of the Due Period	  	 	0.00	  
			
	3.18	 	The Dealers with the five largest aggregate outstanding principal amounts of Dealer Notes in the Master Trust II as of the end of the Due Period:	  			
				
		 	i)	  		  			
		 	ii)	  		  			
		 	iii)	  		  			
		 	iv)	  		  			
		 	v)	  		  			
			
	3.19	 	Aggregate amount of delinquent principal payments (past due greater than 30 days) as a percentage of the total principal amount outstanding, as of the end of the Due Period	  	 	0.00	% 
			
	3.20	 	The aggregate amount of Dealer Notes issued to finance used vehicles, as of the end of the Due Period	  	 	0.00	  
			
	3.21	 	The aggregate amount of funds on deposit in the Servicer Transition Fee Account as of the end of the last day of the Due Period (after giving effect to the transactions set forth in Article IV of the Supplement)	  	 	0.00	  
			
	3.22	 	Eligible Investments in the Servicer Transition Fee Account:	  			
				
		 	a.	  	The aggregate amount of funds invested in Eligible Investments	  	 	0.00	  
				
		 	b.	  	Description of each Eligible Investment:	  	 
 	JP Morgan Prime
Money Market Fund	  
  
				
		 	c.	  	The rate of interest applicable to each such Eligible Investment	  	 	0.00	% 
				
		 	d.	  	The rating of each such Eligible Investment	  	 	AAAm/Aaa	  
			
	3.23	 	The aggregate amount of funds on deposit in the Servicer Transition Fee Account as of the Distribution Date (after giving effect to the transactions set forth in Article IV of the Supplement and to the payments made on
the Distribution Date)	  	 	0.00	  
			
	4.0	 	[RESERVED]	  			

  
 Ex. B-3 

							
	5	 	Series 2013-2 Notes Information	  			
			
	5.1	 	Series 2013-2 Nominal Liquidation Amount as of the Transfer Date (after giving effect to the transactions set forth in Article III of the Series 2013-2 Indenture Supplement and to payments made on the Payment Date).	  	 	0.00	  
			
		 	Cumulative Reductions (Net of Reinstatements) of the Series 2013-2 Nominal Liquidation Amount, if any, as of the Transfer Date	  	 	0.00	  
			
	5.2	 	Series 2013-2 Collateral Amount as of the Transfer Date (after giving effect to the transactions set forth in Article III of the Series 2013-2 Indenture Supplement and to payments made on the Payment Date).	  	 	0.00	  
			
	5.3	 	Series 2013-2 Overcollateralization Amount as of the Transfer Date (after giving effect to the transactions set forth in Article III of the Series 2013-2 Indenture Supplement and to payments made on the Payment Date).	  	 	0.00	  
			
		 	Series 2013-2 Target Overcollateralization Amount, if any, as of the Transfer Date	  	 	0.00	  
			
		 	Cumulative Reductions (Net of Reinstatements) of the Series 2013-2 Overcollateralization Amount Deficiency, if any, as of the Transfer Date	  	 	0.00	  
			
	5.4	 	Series 2013-2 Allocated Dealer Note Losses / (Recoveries) for the Due Period	  	 	0.00	  
			
	5.5	 	Series 2013-2 Allocated Interest Amounts for the Due Period	  	 	0.00	  
			
	5.6	 	Series 2013-2 Allocated Principal Amounts for the Due Period	  	 	0.00	  
			
	5.7	 	Series 2013-2 Noteholders Allocated Dealer Note Losses / (Recoveries) for the Due Period	  	 	0.00	  
			
	5.8	 	Series 2013-2 Available Interest Amounts with respect to the Due Period	  	 	0.00	  
			
	5.9	 	Series 2013-2 Available Principal Amounts with respect to the Due Period	  	 	0.00	  
			
	5.10	 	Shortfall in Series Available Principal Amounts, if any, for the Due Period	  	 	0.00	  
			
	5.11	 	Sellers Invested Amount for the Series 2013-2 Notes for the Due Period	  	 	0.00	  
			
	5.12	 	Shortfall in Series Available Interest Amounts, if any, for the Due Period	  	 	0.00	  
			
	5.13	 	Unreimbursed reductions to the Series 2013-2 Collateral Amount, if any, for the Due Period	  	 	0.00	  
			
	5.14	 	Nominal Liquidation Amount plus Accrued and Unpaid Interest as of the Transfer Date	  	 	0.00	  
			
	5.15	 	Series 2013-2 Required Seller’s Invested Amount as of the Payment Date	  	 	0.00	  

  
 Ex. B-4 

							
	5.16	 	Series 2013-2 Controlled Accumulation Amount, if any, for the Due Period	  	 	0.00	  
			
	5.17	 	Series 2013-2 Controlled Deposit Amount, if any, for the Due Period	  	 	0.00	  
			
	5.18	 	Series Variable Allocation Percentage for the Due Period	  	 	0.00	% 
			
	5.19	 	Series Fixed Allocation Percentage for the Due Period	  	 	0.00	% 
			
	5.20	 	Total amount to be distributed on the Series 2013-2 Notes on the Payment Date	  	 	0.00	  
			
	5.21	 	Total amount, if any, to be distributed on the Series 2013-2 Notes on the Payment Date allocable to the Outstanding Principal Amount	  	 	0.00	  
			
	5.22	 	Total amount to be distributed on the Series 2013-2 Notes on the Payment Date allocable to interest on the Series 2013-2 Notes	  	 	0.00	  
			
	5.23.1	 	Series 2013-2 Servicing Fee to be paid on the Payment Date	  	 	0.00	  
			
	5.23.2	 	Series 2013-2 Backup Servicing Expenses to be paid on the Payment Date	  	 	0.00	  
			
	5.23.3	 	Series 2013-2 Backup Servicing Fee to be paid on the Payment Date	  	 	0.00	  
			
	5.24.1	 	Series 2013-2 Investment Income	  	 	0.00	  
			
	5.24.2	 	Series 2013-2 Principal Funding Account investment income	  	 	0.00	  
			
	5.24.3	 	Series 2013-2 Negative Carry Account investment income	  	 	0.00	  
			
	5.24.4	 	Series 2013-2 Interest Funding Account investment income	  	 	0.00	  
			
	5.24.5	 	Series 2013-2 Spread Account investment income	  	 	0.00	  
			
	5.25	 	Series Excess Available Interest Amounts for the Due Period	  	 	0.00	  
			
	5.26	 	Excess Available Interest Amounts for the Due Period allocated to other Series of Notes	  	 	0.00	  
			
	5.27	 	[RESERVED]	  			
			
	5.28	 	Excess Available Principal Collections allocated from other series of Notes to Series 2013-2 for the Due Period	  	 	0.00	  
			
	5.29	 	[RESERVED]	  			

  
 Ex. B-5 

							
	5.30	 	Amount of Excess Available Principal Collections allocated to other Series of Notes for the Due Period	  	 	0.00	  
			
	5.31	 	Cash Collateral Percentage as of the Transfer Date	  	 	0.00	% 
			
	5.32	 	Mismatch Amount for the Series 2013-2 Notes for the Due Period	  	 	0.00	  
			
	5.33	 	Reimbursement Amount for the Series 2013-2 Notes for the Due Period	  	 	0.00	  
			
	5.34	 	Certain amounts and calculations referenced in the definition of Early Redemption Event	  	 	See Exhibit “A”	  
			
	6	 	Account Information	  			
			
	6.1	 	Series 2013-2 Spread Account Balance as of the Payment Date after giving effect to all withdrawals and deposits made on such Payment Date	  	 	0.00	  
			
		 	Series 2013-2 Spread Account Required Amount, if any, as of the Payment Date after giving effect to all withdrawals and deposits made on such Payment Date	  	 	0.00	  
			
	6.2	 	Series 2013-2 Principal Funding Account Balance as of the Payment Date after giving effect to all withdrawals and deposits made on such Payment Date	  	 	0.00	  
			
	6.3	 	Series 2013-2 Negative Carry Account Balance as of the Payment Date after giving effect to all withdrawals and deposits made on such Payment Date	  	 	0.00	  
			
		 	Series 2013-2 Required Negative Carry Account Balance, if any, as of the Payment Date after giving effect to all withdrawals and deposits made on such Payment Date	  	 	0.00	  
			
	6.4	 	Series 2013-2 Interest Funding Account Balance as of the Payment Date after giving effect to all withdrawals and deposits made on such Payment Date	  	 	0.00	  
			
	7	 	Class A Notes Information	  			
			
	7.1	 	Class A Outstanding Principal Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	7.2	 	Class A Nominal Liquidation Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	7.3	 	Total amount to be distributed on the Class A Notes on the Payment Date	  	 	0.00	  
			
	7.4	 	Total amount, if any, to be distributed on the Class A Notes on the Payment Date allocable to the Class A Outstanding Principal Amount	  	 	0.00	  
			
	7.5	 	Total amount to be distributed on the Class A Notes on the Payment Date allocable interest on the Class A Notes	  	 	0.00	  
			
	7.6	 	Class A Monthly Interest for the Interest Period	  	 	0.00	  

  
 Ex. B-6 

							
	8	 	Class B Notes Information	  			
			
	8.1	 	Class B Outstanding Principal Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	8.2	 	Class B Nominal Liquidation Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	8.3	 	Total amount to be distributed on the Class B Notes on the Payment Date	  	 	0.00	  
			
	8.4	 	Total amount, if any, to be distributed on the Class B Notes on the Payment Date allocable to the Class B Outstanding Principal Amount	  	 	0.00	  
			
	8.5	 	Total amount to be distributed on the Class B Notes on the Payment Date allocable interest on the Class B Notes	  	 	0.00	  
			
	8.6	 	Class B Monthly Interest for the Interest Period	  	 	0.00	  
			
	9	 	Class C Notes Information	  			
			
	9.1	 	Class C Outstanding Principal Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	9.2	 	Class C Nominal Liquidation Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	9.3	 	Total amount to be distributed on the Class C Notes on the Payment Date	  	 	0.00	  
			
	9.4	 	Total amount, if any, to be distributed on the Class C Notes on the Payment Date allocable to the Class C Outstanding Principal Amount	  	 	0.00	  
			
	9.5	 	Total amount to be distributed on the Class C Notes on the Payment Date allocable interest on the Class C Notes	  	 	0.00	  
			
	9.6	 	Class C Monthly Interest for the Interest Period	  	 	0.00	  
			
	10	 	Class D Notes Information	  			
			
	10.1	 	Class D Outstanding Principal Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	10.2	 	Class D Nominal Liquidation Amount as of the Payment Date after giving effect to the transactions made on such Payment Date	  	 	0.00	  
			
	10.3	 	Total amount to be distributed on the Class D Notes on the Payment Date	  	 	0.00	  
			
	10.4	 	Total amount, if any, to be distributed on the Class D Notes on the Payment Date allocable to the Class D Outstanding Principal Amount	  	 	0.00	  

  
 Ex. B-7 

							
	10.5	  	Total amount to be distributed on the Class D Notes on the Payment Date allocable interest on the Class D Notes	  	 	0.00	  
			
	10.6	  	Class D Monthly Interest for the Interest Period	  	 	0.00	  

 IN WITNESS WHEREOF, the undersigned has duly executed and delivered this certificate this      x/xx/2013

  

			
	NAVISTAR FINANCIAL CORPORATION,
	as Servicer
		
	By:	 	  

		 	David L. Derfelt
	Its:	 	VP & Controller

  
 Ex. B-8

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