Document:

Fourth Amendment to Note Purchase Agreement

 Exhibit 10.1 
 FOURTH AMENDMENT TO 
 NOTE PURCHASE AGREEMENT

 THIS FOURTH AMENDMENT TO NOTE PURCHASE AGREEMENT (this “Amendment”), dated as of July 12, 2012,
is entered into by and among Navistar Financial Securities Corporation (the “Seller”), Navistar Financial Corporation (“Servicer”), Liberty Street Funding LLC (“Liberty Street”), as a Conduit
Purchaser, The Bank of Nova Scotia (“BNS”), as a Managing Agent and a Committed Purchaser, and Bank of America, National Association (“Bank of America”), as a Managing Agent, the Administrative Agent and a Committed
Purchaser. 
 R E C I T A L S 
 A. The Seller, the Servicer, Liberty Street, BNS and Bank of America are parties to that certain Note Purchase Agreement, dated as of April 16, 2010 (as amended by the First Amendment to Note
Purchase Agreement, dated as of June 21, 2010, the Second Amendment to Note Purchase Agreement, dated as of August 4, 2010 and the Third Amendment to Note Purchase Agreement, dated as of July 19, 2011, and as further amended,
supplemented or otherwise modified from time to time, the “Agreement”). 
 B. The parties to the Agreement
desire to amend the Agreement as hereafter set forth. 
 C. NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Amendments to Agreement. By their
signatures hereto, each of the parties hereto agrees that the Agreement is hereby amended as set forth in this Section 1. 
 (A) The definition of “Bank of America Spread” is hereby amended by deleting the reference to “0.85%” where it appears therein, and substituting “1.00%” therefor. 

(B) The definition of “Purchase Expiration Date” in Section 1.01 of the Agreement is hereby amended
by deleting the date “July 18, 2012” where it appears therein and by inserting the date “October 16, 2012” in its place. 
 2. Representations and Warranties. The Seller hereby represents and warrants to Liberty Street, BNS and Bank of America that, after giving effect to this Amendment, no potential Early Redemption
Event or Early Redemption Event has occurred and is now continuing, and NFC hereby represents and warrants that, after giving effect to this Amendment, no potential Early Redemption Event or Early Redemption Event or Servicer Termination Event has
occurred and is now continuing. 
 3. Effect of Amendment. All provisions of the Agreement, as amended by this Amendment,
remain in full force and effect. After this Amendment becomes effective, all references in the Agreement to “this Agreement”, “hereof”, “herein” or words of similar

 
effect referring to the Agreement in the Agreement or in any other document relating to the Seller’s securitization program shall be deemed to be references to the Agreement as amended by
this Amendment. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Agreement other than as set forth herein. 
 4. Conditions Precedent. The effectiveness of this Amendment is subject to (i) receipt of a certificate of the Seller and of the Servicer, each dated the date hereof, as to due execution,
incumbency, good standing and other customary corporate matters and (ii) satisfaction of each of the conditions precedent described in Section 2.04 of the Agreement. 

5. Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts,
and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 6. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to any otherwise applicable principles of
conflicts of law. 
 7. Section Headings. The various headings of this Amendment are inserted for convenience only and
shall not affect the meaning or interpretation of this Amendment or the Agreement or any provision hereof or thereof. 

[signatures on next page] 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	NAVISTAR FINANCIAL SECURITIES CORPORATION,
	 as Seller

		
	By:	 	 /s/ William V. McMenamin

	Name: William V. McMenamin
	Title: VP, CFO & Treasurer
	
	NAVISTAR FINANCIAL CORPORATION,
 as
Servicer

		
	By:	 	 /s/ William V. McMenamin

	Name: William V. McMenamin
	Title: VP, CFO & Treasurer

 BANK OF AMERICA, NATIONAL ASSOCIATION, 
 as a Committed Purchaser and Managing Agent for the Bank of America Purchaser Group 
  

			
	By:	 	 /s/ Margaux L. Karagosian

	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President
	
	BANK OF AMERICA, NATIONAL ASSOCIATION,
 as
Administrative Agent

		
	By: 	 	/s/ Margaux L. Karagosian
	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President

 THE BANK OF NOVA SCOTIA, 
 as a Committed Purchaser and Managing Agent for the Liberty Street Purchaser Group 
  

			
	By:	 	 /s/ Paula J. Czach

	Name:	 	Paula J. Czach
	Title:	 	Managing Director

 LIBERTY STREET FUNDING LLC, 
 as a Conduit Purchaser for the Liberty Street Purchaser Group 
  

			
	By:	 	 /s/ Jill A. Russo

	Name:	 	Jill A. Russo
	Title:	 	Vice PresidentAmendment No. 2 to Series 2010-VFN Indenture Supplement

 Exhibit 10.2 
 AMENDMENT NO. 2 
 TO 

SERIES 2010-VFN INDENTURE SUPPLEMENT 
 THIS AMENDMENT NO. 2 TO SERIES 2010-VFN INDENTURE SUPPLEMENT (this “Amendment”) is made as of July 12, 2012, by and between Navistar Financial Dealer Note Master Owner Trust, a
Delaware statutory trust (the “Issuer”), and The Bank of New York Mellon, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”). 

The Issuer and the Indenture Trustee are parties to the Indenture, dated as of June 10, 2004 (the “Indenture”), and
the related Series 2010-VFN Indenture Supplement, dated as of April 16, 2010, as amended July 19, 2011 (the “Series 2010-VFN Indenture Supplement”). The Issuer and the Indenture Trustee have agreed to amend the 2010-VFN
Indenture Supplement pursuant to Section 10.02 of the Indenture in the manner set forth herein. Capitalized terms used herein but not otherwise defined have the meanings set forth in the Series 2010-VFN Indenture Supplement. 

1. Amendments to Section 1.01. 
  

	 	(a)	Section 1.01 of the Series 2010-VFN Indenture Supplement is hereby amended by deleting the definition of “Series 2010-VFN Overcollateralization
Percentage” in its entirety and replacing it with the following: 

 “Series
2010-VFN Overcollateralization Percentage” means 31.50%; provided, however, if any outstanding series of Notes issued by the Issuer or Navistar Financial Dealer Note Master Owner Trust II rated upon initial issuance in the
AAA/Aaa category by either Moody’s or S&P is downgraded to below AAA/Aaa, the Series 2010-VFN Overcollateralization Percentage will be set at the level reasonably determined by the Administrative Agent necessary (together with any change to
the Spread Account Required Percentage) to support a rating in the AAA/Aaa category for long-term debt on the Variable Funding Notes, subject to the consent of the Seller or, if the Seller shall not so consent, the Purchase Expiration Date shall be
deemed to have occurred.” 
  

	 	(b)	Section 1.01 of the Series 2010-VFN Indenture Supplement is hereby amended by deleting the definition of “Spread Account Required
Percentage” in its entirety and replacing it with the following: 

 “Spread
Account Required Percentage” means, with respect to any Transfer Date, 1.50%; provided, however, if and for so long as the average Monthly Payment Rate for any three consecutive Due Periods is less than 20.0%, then the Spread
Account Required Percentage shall be equal to 3.00%; provided, 

 
further, that if any outstanding series of Notes issued by the Issuer or Navistar Financial Dealer Note Master Owner Trust II rated upon initial issuance in the AAA/Aaa category by either
Moody’s or S&P is downgraded to below AAA/Aaa, the Spread Account Required Percentage will be set at the level reasonably determined by the Administrative Agent necessary (together with any change to the Series 2010-VFN
Overcollateralization Percentage) to support a rating in the AAA/Aaa category for long-term debt on the Variable Funding Notes, subject to the consent of the Seller, or, if the Seller shall not so consent, the Purchase Expiration Date shall be
deemed to have occurred.” 
 2. Miscellaneous. As amended by this Amendment, the Series 2010-VFN Indenture
Supplement is in all respects ratified and confirmed and the Series 2010-VFN Indenture Supplement as so amended by this Amendment shall be read, taken and construed as one and the same instrument. This Amendment 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. This Amendment 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. 
 3. Limitation of Owner Trustee Liability. Notwithstanding anything to the contrary, this
Amendment has been signed by Deutsche Bank Trust Company Delaware, not in its individual capacity but solely in its capacity as Master Owner Trust Trustee. In no event shall Deutsche Bank Trust Company Delaware in its individual capacity or, except
as expressly provided in the Master Owner Trust Agreement, as Master Owner Trust Trustee have any liability for the representations, warranties, covenants, agreement or other obligations of the Issuer 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 the Issuer. For all purposes of this Amendment, in the performance of its duties or obligations hereunder or in the performance of any duties or
obligations of Navistar Financial Dealer Note Master Owner Trust hereunder, the Master Owner Trust Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of the Master Owner Trust Agreement. 

4. Rights of the Indenture Trustee. The Indenture Trustee shall be afforded the same rights, protections, immunities and
indemnities as are set forth in the Indenture as if specifically set forth herein. The Indenture Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Amendment and is not responsible for any
statement made herein. The Administrator hereby certifies that all of the conditions precedent for the making of this Amendment have been complied with. 
 [signatures on next page] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to Series
2010-VFN Indenture Supplement to be duly executed by their respective officers as of the date first written above. 
  

			
	 NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST,
 as Issuer

		
	By:	 	 DEUTSCHE BANK TRUST COMPANY DELAWARE,
 as Master Owner Trust 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
	
	 THE BANK OF NEW YORK MELLON,
 as Indenture Trustee and not in its individual capacity

		
	By:	 	/s/ Jacqueline Kuhn
	Name:	 	Jacqueline Kuhn
	Title:	 	Senior Associate

 The undersigned hereby (a) acknowledge that Bank of America, National Association and The Bank of Nova
Scotia, each in its capacity as Managing Agent, each owns 50% of the Series 2010-VFN Notes and that Bank of America, National Association and The Bank of Nova Scotia are the Managing Agents under the Note Purchase Agreement, (b) acknowledge
receipt of notice of this Amendment No. 2 to Series 2010-VFN Indenture Supplement and (c) consent to the execution thereof: 
  

			
	 BANK OF AMERICA, NATIONAL ASSOCIATION,
 as Administrative Agent

		
	By: 	 	/s/ Margaux L. Karagosian
		 	  

	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President
	
	 BANK OF AMERICA, NATIONAL ASSOCIATION,
 as a Committed Purchaser and Managing Agent for
 the Bank of America Purchaser
Group

		
	By: 	 	/s/ Margaux L. Karagosian
		 	  

	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President

 LIBERTY STREET FUNDING LLC, 
 as a Conduit Purchaser for the Liberty Street Purchaser Group 
  

			
	By: 	 	/s/ Jill A. Russo
		 	  

	 Name:
	 	Jill A. Russo
	 Title:
	 	Vice President
	
	 THE BANK OF NOVA SCOTIA,
 as a Committed Purchaser and Managing Agent for the Liberty Street Purchaser Group

		
	By: 	 	/s/ Paula J. Czach
		 	  

	 Name:
	 	Paula J. Czach
	 Title:
	 	Managing Director

 With respect to Section 4 of this Amendment, agreed to by: 

 

			
	 NAVISTAR FINANCIAL CORPORATION,
 as Administrator

		
	By: 	 	/s/ William V. McMenamin
	Name:	 	William V. McMenamin
	Title:	 	Vice President, Chief Financial Officer
		 	and Treasurer

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