Document:

Form of Restricted Stock Award Agreement

 Exhibit 10.1 
 ZIPREALTY, INC 
 2004 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK AWARD AGREEMENT 
 THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”), dated as of August 21, 2009, is entered into between ZipRealty, Inc., a Delaware corporation (the “Company”), and [EMPLOYEE] (the “Employee”).
Unless otherwise defined herein, the terms of this Agreement will have the same meaning as defined in the ZipRealty, Inc. 2004 Equity Incentive Plan (the “Plan”). The Agreement is entered into as follows: 
 WHEREAS, the employment of Employee is considered by the Company to be important for the Company’s continued growth; and 
 WHEREAS, pursuant to the Company meeting certain key corporate performance goals under its 2009 Management Incentive Plan, to reward Employee’s
contributions to that achievement, to induce Employee to remain with the Company, and to assure Employee’s continued commitment to the success of the Company, the Compensation Committee of the Board of Directors of the Company (the
“Board”) has determined that Employee shall be granted a stock award (“Stock Award”) covering shares of the Company’s common stock (the “Shares”) under the Company’s Plan and subject to the restrictions stated
below. 
 THEREFORE, the parties agree as follows: 
 1. Grant of Stock Award. Subject to the terms and conditions of this Agreement and the Plan which is incorporated herein by reference, the Company hereby issues to Employee a Stock Award covering [#] Shares and hereby
agrees to issue such Shares to Employee.  
 2. Vesting Schedule. As long as Employee’s employment or service relationship with the
Company as a Service Provider continues during the following vesting term, the interest of Employee in the Shares shall vest as follows: one-half (1/2) of the Shares subject to the Stock Award will vest on January 1, 2010, and the
remaining one-half (1/2) of the Shares subject to the Stock Award will vest on July 1, 2010. Therefore, provided Employee has not experienced a termination of employment or service relationship prior to the close of business on
July 1, 2010, the interest of Employee in the Shares shall be vested fully on that date. Additional vesting terms may apply under circumstances specified in any Change of Control Agreement between Employee and the Company. 
 3. Forfeiture. Upon the date Employee’s employment terminates for any reason and Employee is no longer a Service Provider, all Shares received by
Employee pursuant to this Agreement that have not vested as described in Section 2 of this Agreement, together with any shares of stock issued as a dividend or other distribution on, in exchange for or upon the conversion of, such unvested
Stock (collectively, the “Forfeited Shares”), will be forfeited to the extent that they have not vested on or prior to such date. In that event, the Forfeited Shares will immediately revert to the Company with no further action required by
the Company or Employee. Employee will receive no payment for Forfeited Shares that are forfeited. The Company determines when Employee’s relationship as a Service Provider terminates for this purpose. 

 4. Escrow of Shares. 
 (a) To ensure that Employee’s unvested Shares are delivered to the Company in the event of a forfeiture described in Section 3, Employee agrees, promptly following the execution of this Agreement, to deliver
to and deposit with the escrow agent (the “Escrow Agent”) named in the Joint Escrow Instructions attached as Exhibit A the certificate(s) evidencing the unvested Shares and an Assignment Separate from Certificate executed by
Employee (with date and number of shares in blank) in the form attached as Exhibit B. The certificate(s) evidencing the unvested Shares and the Assignment Separate from Certificate shall be delivered to the Escrow Agent and held under
the Joint Escrow Instructions, which shall be delivered to the Escrow Agent promptly following the execution of this Agreement. 
 (b)
Promptly following the date when the Shares have vested in full, the Company shall direct the Escrow Agent to deliver to Employee a certificate or certificates representing the Shares. 
 5. Transfer Restrictions. Except as otherwise provided for in this Agreement and the Plan, the Shares or rights granted hereunder may not be sold, pledged or otherwise transferred until the Shares become
vested and nonforfeitable in accordance with Sections 2 and 3. 
 6. Mandatory Holding Period for Executive Officers. As required by the
Company’s Corporate Governance Guidelines, upon each vesting event under this Agreement, at least 50% of the shares that have so vested (after deducting any shares surrendered to the Company to cover tax withholdings at statutory rates) must be
held by Employee for at least one (1) year following vesting. This holding period will lapse immediately upon the termination of Employee’s employment with the Company or upon a “Change of Control” (as defined in the Change of
Control Agreement between the Company and Employee). Upon the request of Employee to have this such holding period waived due to hardship or a requirement to comply with a court order (for example, in a divorce settlement), the Company’s
Corporate Governance and Nominating Committee will consider such request and may make such waivers as it deems appropriate under the circumstances. 
 7.
Stockholder Rights. Employee shall be entitled to all of the rights and benefits generally accorded to stockholders with respect to the Shares. All dividends on Shares that are subject to any restrictions, including vesting, shall be
subject to the same restrictions, including those set forth in Sections 2 and 3, as the Shares on which the dividends were paid. 
  

	8.	Taxes. 

 (a) Employee shall be
liable for any and all taxes, including withholding taxes, arising out of this grant or the vesting of Shares hereunder. In the event that the Company is required to withhold taxes as a result of the grant or vesting of the Shares, or subsequent
sale of the Shares, Employee shall surrender a sufficient number of whole Shares or make a cash payment as necessary to cover all applicable required withholding and payroll-based taxes at the time the Shares vest and the transfer restrictions on
the Shares, as described in Section 5, lapse (or at such other time as required by applicable laws), unless alternative procedures for such payment are established by the Company. Employee will receive a cash refund for any fraction of a
surrendered Share not necessary for required withholding taxes and required social security contributions. To the extent that any surrender of Shares or payment of cash or alternative procedure for such payment is insufficient, Employee authorizes
the Company, its affiliates and subsidiaries, which are qualified to deduct tax at source, to deduct all applicable required withholding taxes and social security contributions from Employee’s compensation. Employee agrees to pay any amounts
that cannot be satisfied from wages or other cash compensation, to the extent permitted by law. 
  

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 (b) Employee understands that Section 83(a) of the Internal Revenue Code of 1986, as amended (the
“Code”), taxes as ordinary income the difference between the amount paid for the Shares and the fair market value of the Shares as of the date all “forfeiture restrictions” on the Shares have lapsed. In this context,
“forfeiture restrictions” mean the forfeiture obligation set forth in Section 3 of this Agreement and the restriction on transferability as set forth in Section 5 of this Agreement and in Section 7 of the Plan. 

(c) Employee understands that Employee may elect to be taxed at the time the Shares are issued, based on the value of the Shares at the issuance date,
rather than when and as the forfeiture restrictions lapse (on the vesting dates), by filing an election under Section 83(b) (an “83(b) Election”) of the Code with the Internal Revenue Service within 30 days from the date of
issuance. Employee acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to issuance and vesting of the Shares hereunder, and does not purport to be complete. The Company has directed
Employee to seek independent advice regarding the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Employee may reside, the tax consequences of Employee’s death, and the decision as
to whether or not to file an 83(b) Election (as well as appropriate advice and assistance with the actual filing of any such 83(b) Election) in connection with the issuance of the Shares. 
 (d) Regardless of any action the Company takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other
tax-related withholding (“Tax-Related Items”), Employee acknowledges and agrees that the ultimate liability for all Tax-Related Items legally due by Employee is and remains Employee’s responsibility and that the Company (i) makes
no representations nor undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this issuance of Shares, including the vesting of the Shares or the subsequent sale of the Shares; and (ii) does not commit to
structure the terms or any aspect of this issuance of Shares to reduce or eliminate Employee’s liability for Tax-Related Items. Prior to the vesting of the Shares, Employee shall pay the Company any amount of Tax-Related Items that the Company
may be required to withhold as a result of Employee’s receipt of the Stock Award or Employee’s receipt of Shares that cannot be satisfied by the means previously described. The Company may refuse to deliver the Shares if Employee fails to
comply with Employee’s obligations in connection with the Tax-Related Items. 
 9. Acknowledgment and Waiver. By accepting this grant of a
Stock Award, Employee acknowledges and agrees that: 
 (a) other than for the terms of the 2009 Management Incentive Plan, the grant of
the Stock Award is voluntary and occasional and does not create any contractual or other right to receive future grants of stock awards or shares, even if stock awards or shares have been granted repeatedly in the past; 
 (b) the grant of the Stock Award shall not create a right to further employment with the Company, shall not create an employment agreement between
Employee and the Company and shall not interfere with the ability of the Company to terminate Employee’s employment relationship at any time with or without cause, and it is expressly agreed and understood that employment is terminable at the
will of either party, insofar as permitted by law; 
 (c) the grant of this Stock Award, the Shares and resulting benefits are outside
the scope of Employee’s employment contract, if any; 
  

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 (d) in consideration of this grant of a Stock Award, no claim or entitlement to compensation or
damages shall arise from termination of this Stock Award or diminution in value of the Shares resulting from termination of employment by the Company (for any reason whatsoever and whether or not in breach of local labor laws), and Employee
irrevocably releases the Company from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by accepting the terms of this Agreement, Employee shall be
deemed irrevocably to have waived any entitlement to pursue such claim; and 
 (e) notwithstanding any terms or conditions of the Plan
to the contrary, in the event of involuntary termination of employment (whether or not in breach of local labor laws) and of status as a Service Provider, Employee’s right to receive benefits under this Agreement, if any, will terminate
effective as of the date that Employee is no longer actively employed or actively acting as a Service Provider and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden
leave” or similar period pursuant to local law); furthermore, in the event of involuntary termination of employment (whether or not in breach of local labor laws) and of status as a Service Provider, Employee’s right to receive benefits
under this Agreement after such termination, if any, will be measured by the date of termination of Employee’s active employment or active provision of services as a Service Provider and will not be extended by any notice period mandated under
local law. 
 10. Conditions Upon Issuance of Shares. Notwithstanding any other provision of this Agreement, the Company shall not be
obligated, and shall have no liability for failure, to issue or deliver any Shares under this Agreement unless such issuance or delivery would comply with applicable laws, with such compliance determined by the Company in consultation with its legal
counsel. 
  

	11.	Miscellaneous. 

 (a) The Company shall
not be required to treat as the owner of Shares, and associated benefits hereunder, any transferee to whom such Shares or benefits shall have been so transferred in violation of this Agreement. 
 (b) The parties agree to execute such further instruments and to take such action as may reasonably be necessary to carry out the intent of this
Agreement. 
 (c) Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon delivery to
Employee at Employee’s address then on file with the Company. 
 (d) The Plan is incorporated herein by reference. The Plan, this
Agreement and any Change of Control Agreement between Employee and the Company constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the
Company and Employee with respect to the subject matter hereof, and may not be modified adversely to Employee’s interest except by means of a writing signed by the Company and Employee. 
 (e) This Agreement is governed by the laws of the state of Delaware. 
  

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 (f) The provisions of this Agreement are severable and if any one or more provisions are determined to be
illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
  

			
	ZIPREALTY, INC.
		
	By	 	  

		 	 J. Patrick Lashinsky
 President &
CEO

  

	
	 Accepted by Employee:

	
	  

	 [EMPLOYEE]

 RETAIN THIS AGREEMENT FOR YOUR RECORDS 
  

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 EXHIBIT A 
 JOINT ESCROW INSTRUCTIONS 
 August 21, 2009

 Larry S. Bercovich 
 Vice President, General
Counsel & Secretary 
 ZipRealty, Inc. 
 2000 Powell
Street, Suite 300 
 Emeryville, CA 94608 
 Dear Sir: 

As Escrow Agent for ZipRealty, Inc. (the “Company”), and [EMPLOYEE] (the “Employee”), you are authorized and directed to hold the Assignment
Separate from Certificate form(s) executed by Employee and the certificate(s) of stock representing Employee’s unvested shares transferred in accordance with the terms of the Restricted Stock Award Agreement (the “Agreement”) entered
into between the Company and Employee, in accordance with the following instructions: 
 1. In the event of a forfeiture described in
Section 3 of the Agreement, Employee and the Company hereby irrevocably authorize and direct you to effect the contemplated forfeiture as set forth below. 
 2. Promptly following a forfeiture describe in Section 3 of the Agreement, you are directed (a) to date the Assignment Separate from Certificate form(s) necessary for the transfer in question, (b) to
fill in the number of shares being transferred, and (c) to deliver the form(s), together with the certificate or certificates evidencing the shares to be transferred, to the Company. 
 3. Employee irrevocably authorizes the Company to deposit with you any certificates evidencing shares to be held by you under this letter and any
additions and substitutions to the shares as defined in the Agreement. Employee irrevocably appoints you as his or her attorney-in-fact and agent for the term of this escrow to execute, with respect to the shares of stock, all documents necessary or
appropriate to make such securities negotiable and to complete any transaction contemplated by these Joint Escrow Instructions. Subject to the provisions of this Section 3, Employee shall exercise all rights and privileges, including but not
limited to the right to vote and to receive dividends (if any), of a stockholder of the Company while the shares are held by you. 
 4. In
accordance with the terms of Section 4(b) of the Agreement, you may deliver to Employee a certificate or certificates representing shares that are no longer subject to the forfeiture restrictions described in Section 3 of the Agreement.

 5. This escrow shall terminate upon the release of all shares held under the terms and provisions hereof. 
 6. If at the time of termination of this escrow you should have in your possession any documents, securities or other property belonging to Employee, you
shall deliver them to Employee and shall be discharged from all further obligations under these Joint Escrow Instructions. 
  

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 7. Your duties under these Joint Escrow Instructions may be altered, amended, modified or revoked only by
a writing signed by all of the parties. 
 8. You shall be obligated to perform the duties described in these Joint Escrow Instructions and
shall be protected in relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act or omission as
Escrow Agent or as attorney-in-fact of Employee while acting in good faith and in the exercise of your own good judgment, and any act or omission by you pursuant to the advice of your own attorneys shall be conclusive evidence of such good faith.

 9. You are expressly authorized to disregard any and all warnings given by any of the parties hereto or by any other person or
corporation, excepting only orders or process of courts of law, and are expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply with any such order, judgment or decree of any court, you
shall not be liable to any of the parties under these Joint Escrow Instructions or to any other person, firm or corporation by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified,
annulled, set aside, vacated or found to have been entered without jurisdiction. 
 10. You shall not be liable in any respect on account of
the identity, authority or rights of the parties executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for under these Joint Escrow Instructions. 
 11. You shall not be liable for the outlawing of any rights under any statute of limitations with respect to these Joint Escrow Instructions or any
documents deposited with you. 
 12. You shall be entitled to employ such legal counsel and other experts as you may deem necessary properly
to advise you in connection with your obligations under these Joint Escrow Instructions and may rely upon the advice of such counsel. 
 13.
Your responsibilities as Escrow Agent under these Joint Escrow Instructions shall terminate if you shall cease to be employed by the Company or if you shall resign by written notice to each party. In the event of any such termination, the Company
shall appoint any officer of the Company as successor Escrow Agent. 
 14. If you reasonably require other or further instruments in
connection with these Joint Escrow Instructions or obligations under these Joint Escrow Instructions, the parties shall furnish such instruments. 
 15. It is understood and agreed that should any dispute arise with respect to the delivery and/or ownership or right of possession of the securities held by you under these Joint Escrow Instructions, you are authorized and directed to
retain in your possession without liability to anyone, all or any part of the securities until the dispute is settled either by mutual written agreement of the parties or by a final order, decree or judgment of a court of competent jurisdiction
after the time for appeal has expired and no appeal has been perfected. You are under no duty whatsoever to institute or defend against any such proceedings. 
 16. Any notice required or permitted under these Joint Escrow Instructions shall be given in writing and will be deemed effectively given upon personal delivery or upon deposit in the United States Post Office, by
registered or certified mail with postage and fees prepaid, addressed to each of the other parties. 
  

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 17. By signing these Joint Escrow Instructions, you become a party only for the purpose of these Joint
Escrow Instructions; you do not become a party to the Agreement. 
 18. This instrument shall be governed by and construed in accordance with
the laws of the State of Delaware. 
 19. This instrument shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. 
  

			
	Very truly yours,
	
	ZIPREALTY, INC.
		
	By	 	  

		 	 J. Patrick Lashinsky
 President &
CEO

  

	
	EMPLOYEE:
	
	  

	[EMPLOYEE]
	
	ESCROW AGENT:
	
	  

	Larry S. Bercovich, Vice President
	General Counsel & Secretary

  

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 EXHIBIT B 
 ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED, [EMPLOYEE] sells, assigns and transfers to ZipRealty, Inc.
(the “Company”) or its assignee                      shares of the Common Stock of the Company (the “Shares”), which stand
in his or her name on the books of the Company and are represented by Certificate No.                     , and irrevocably constitutes and
appoints Larry S. Bercovich as Attorney to transfer the Shares on the books of the Company with full power of substitution in the premises. 
 Dated:
            ,         . 
  

	
	[EMPLOYEE]
	
	  

	(Signature)

 Spousal Consent (if applicable) 
                              (Employee’s spouse) indicates by the execution of this
Assignment his or her consent to be bound by the terms herein as to his or her interests, whether as community property or otherwise, if any, in the Shares. 
  

	
	Printed Name
	
	  

	Signature

 INSTRUCTIONS: PLEASE DO NOT FILL IN ANY BLANKS OTHER THAN THE SIGNATURE LINE. THE
PURPOSE OF THIS ASSIGNMENT IS TO ENABLE THE COMPANY TO ENFORCE THE FORFEITURE RESTRICTIONS SET FORTH IN THE RESTRICTED STOCK AWARD AGREEMENT WITHOUT REQUIRING ADDITIONAL SIGNATURE. 
  

 9Amendment No. 4 to the Series 2000-VFC Supplement to the Pooling

 Exhibit 10.1 
 EXECUTION COPY 
 AMENDMENT NO. 4 TO THE 
 SERIES 2000-VFC SUPPLEMENT TO THE POOLING AND SERVICING 
 AGREEMENT

 THIS AMENDMENT NO. 4 (this “Amendment”) to the Series 2000-VFC Supplement to the Pooling and Servicing Agreement
is made as of August 25, 2009, by and among Navistar Financial Securities Corporation, a Delaware corporation, as Seller, Navistar Financial Corporation (“NFC”), a Delaware corporation, as Servicer, and The Bank of New York
Mellon, a New York banking corporation, as Master Trust Trustee. 
 The Seller, the Servicer, and the Master Trust Trustee are parties to the
Series 2000-VFC Supplement, dated as of January 28, 2000 (as amended, the “Series 2000-VFC Supplement”). The Seller, the Servicer and the Master Trust Trustee have agreed to amend the Series 2000-VFC Supplement in the manner
set forth herein. Capitalized terms used herein but not otherwise defined have the meanings set forth in the Series 2000-VFC Supplement. 
 1. Amendment
to Section 2.01. The following provisions of Section 2.01 shall be amended as follows: 
  

	 	(a)	The definition of “ABS Transaction” shall be added: 

 “ABS Transaction” shall mean the first issuance of asset-backed securities by the Master Trust or Navistar Financial Dealer Note Master Owner Trust, a Delaware statutory trust, after the Fourth
Amendment Effective Date in which the highest rated class of such asset-backed securities is rated at least “AAA” or its equivalent by not less than two of Fitch, S&P and Moody’s. 
  

	 	(b)	The definition of “Credit Agreement” shall be amended by (i) replacing the phrase “Third Amendment Effective Date” with the phrase “Fourth
Amendment Effective Date” and (ii) adding the following proviso immediately prior to the final period of such definition: 

 “; provided that if the foregoing agreement shall be replaced by a Replacement Credit Agreement, the term “Credit Agreement” shall, unless otherwise indicated, thereafter mean the Replacement Credit Agreement. 
  

	 	(c)	The definition of “Dealcor Dealer Notes Pool Percentage Limit” shall be added: 

 “Dealcor Dealer Notes Pool Percentage Limit” means 12.5%; provided, however, that (a) on and after the closing date for an ABS
Transaction, the “Dealcor Dealer Notes Pool Percentage Limit” shall be the equivalent percentage limit specified in any early amortization event for the related series of notes issued in the ABS Transaction that is based on the
aggregate principal balance 

 
of the Dealcor Dealer-related Dealer Notes, and (b) if no ABS Transaction is executed by December 28, 2009, the “Dealcor Dealer Notes Pool
Percentage Limit” shall mean 10% on and after December 28, 2009. 
  

	 	(d)	The definition of “Draw Amount” shall be hereby deleted in its entirety and replaced with the following: 

 “Draw Amount” shall mean, with respect to any Transfer Date, the least of (a) the Deficiency Amount for such Transfer Date,
(b) the Available Subordinated Amount as of the end of the preceding Transfer Date plus any Incremental Subordinated Amount with respect to the Distribution Date related to such preceding Transfer Date, if any, plus funds on deposit in the
Spread Account as of such Transfer Date and (c) Available Draw Funds for such Transfer Date. 
  

	 	(e)	The definition of “Projected Spread” shall be hereby deleted in its entirety and replaced with the following: 

 “Projected Spread” shall mean, with respect to the Distribution Date next following the Distribution Date to which such Transfer Date
relates, the sum of (a) the positive amount, if any, by which (i) the sum of (A) Projected Monthly Interest for such Distribution Date, and (B) the Projected Monthly Servicing Fee for the Due Period in which such Transfer Date
occurs exceeds (ii) the Projected Dealer Note Income as of such Transfer Date and (b) an amount equal to the Projected Spread Percentage multiplied by the Invested Amount as of such Distribution Date. 
  

	 	(f)	The definition of “Projected Spread Percentage” shall be added: 

 “Projected Spread Percentage” shall mean 1.25%; provided, however, that after the closing date of an ABS Transaction, “Projected Spread Percentage” shall mean the equivalent
percentage specified in such ABS Transaction. 
  

	 	(g)	The definition of “Required Subordinated Amount” shall be hereby deleted in its entirety and replaced with the following: 

 “Required Subordinated Amount” shall mean, with respect to any Transfer Date related to a Due Period, an amount equal to the Required
Subordinated Amount Percentage multiplied by the Maximum Subordinated Amount as of such Transfer Date. 
  

	 	(h)	The definition of “Required Subordinated Amount Percentage” shall be added: 

 “Required Subordinated Amount Percentage” shall mean 99.5%, provided, however, that and after the closing date of an ABS
Transaction, “Required Subordinated Amount Percentage” shall mean the equivalent percentage specified in such ABS Transaction, provided further, however, that in no event shall the “Required Subordinated Amount
Percentage” mean a percentage smaller than 97%. 
  

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	 	(i)	The definition of “Subordinated Percentage” shall be hereby deleted in its entirety and replaced with the following: 

 “Subordinated Percentage” means 30.0%; provided however, that (a) if, prior to the earlier of December 28, 2009, and the
completion of an ABS Transaction, all the Dealcor Dealer-related Dealer Notes are removed from the Master Trust, “Subordinated Percentage” shall mean 25.0%; (b) on and after the closing date of an ABS Transaction or any other
issuance of “AAA” (or “AAA” equivalent) rated asset-backed securities by the Master Trust or Navistar Financial Dealer Note Master Owner Trust, the “Subordinated Percentage” will mean the equivalent credit
enhancement level for the “AAA”-rated (or “AAA” equivalent rated) class of securities issued in such ABS Transaction or other issuance, as applicable; (c) on and after December 28, 2009, if NFC has not executed an ABS
Transaction, “Subordinated Percentage” shall mean (i) 30%, if all Dealcor Dealer-related Dealer Notes are removed from the Master Trust and (ii) 35% if all DealCor Dealer-related Dealer Notes have not been removed from the
Master Trust; and (d) if any outstanding series of Dealer Note Securities (other than the Floating Rate Dealer Note Asset Backed Notes, Series 2005-1, issued by Navistar Financial Dealer Note Master Owner Trust) rated in the highest investment
category by either Moody’s or S&P is downgraded, the Subordinated Percentage will be set at the level reasonably determined by the Administrative Agent necessary to support a rating in the highest investment category for long-term debt on
the Series 2000-VFC, 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. 
  

	 	(j)	The definition of “Fourth Amendment Effective Date” shall be added: 

 “Fourth Amendment Effective Date” means August 25, 2009. 
  

	 	(k)	The definition of “Replacement Credit Agreement” shall be added: 

 “Replacement Credit Agreement” has the meaning specified in Section 6.01(v). 
  

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 2. Amendment to Section 4.05(b). Section 4.05(b) shall be amended in its entirety to read as follows:

 (b) If the Deficiency Amount for any Transfer Date is greater than zero, the Master Trust Trustee, acting in accordance
with written instructions from the Servicer, shall apply available funds from the following sources in the following order of priority in the same manner as Available Certificateholder Interest Collections, each of which applications shall reduce
such Deficiency Amount (all such available funds being the “Available Draw Funds” for such Transfer Date): 
 (i)
funds on deposit in the Spread Account; 
 (ii) Available Seller’s Finance Charge Collections; 
 (iii) for any Transfer Date occurring during any Early Amortization Period, funds on deposit in the Liquidity Reserve Account; 

provided, however, that the amount applied pursuant to this Section 4.05(b) shall not exceed the Draw Amount. The
Available Subordinated Amount shall be reduced by the aggregate amount of Available Draw Funds applied pursuant to clauses (ii) and (iii) of this Section 4.05(b). 
 3. Amendment to Section 4.07(a)(i). Section 4.07(a)(i) shall be amended in its entirety to read as follows: 
 (i) On each Transfer Date related to a Due Period for which a Deficiency Amount exists, the amount required by Section 4.05(b)(ii)
shall be applied as specified in Section 4.05(b). 
 4. Amendment to Section 5.01(a). Section 5.01(a) shall be amended in its entirety
to read as follows: 
 (a) The Paying Agent shall distribute (in accordance with the Monthly Servicer Certificate and
Settlement Statement delivered by the Servicer to the Master Trust Trustee and the Paying Agent pursuant to Section 3.04(d) of the Agreement) to each Series 2000-VFC Certificateholder of record on the preceding Record Date (other than as
provided in Section 12.02 of the Agreement respecting a final distribution) on each Distribution Date such Certificateholder’s pro rata share (with respect to Monthly Interest, Non-Use Fees, Excess Commitment Fees and Additional
Amounts, the amount of such items payable to each such Certificateholder, and with respect to distribution of principal, based on the aggregate fractional undivided interests represented by the Series 2000-VFC Certificates held by such
Certificateholder) of the amounts on deposit in the Series 2000-VFC Accounts as is payable to the Series 2000-VFC Certificateholders on such Distribution Date pursuant to Sections 4.10(a), (b) and (c); provided, however, that until such
time as Bank of America’s Commitment is $250,000,000 or less, any principal 

  

 4 

 
distributed pursuant to this Section 5.01(a) in connection with a reduction of the Maximum Funded Amount and a non-pro rata reduction of
Bank of America’s Commitment pursuant to the proviso to the second sentence of Section 2.05 of the Certificate Purchase Agreement shall be first distributed to Bank of America until Bank of America’s Funded Amount is equal to
its Commitment as so reduced. 
 5. Amendment to Section 6.01(k). Section 6.01(k) shall be amended in its entirety to read as follows:

 (k) on any Determination Date, the quotient of (i) the product of (a) the sum of Dealer Note Collections for each
of the related Due Period and the two immediately preceding Due Periods and (b) four divided by (ii) the daily average principal amount of Dealer Notes outstanding during such Due Periods (“Turnover”) is less than 1.7 (the
“Turnover Trigger”); provided, however, that (i) on and after the closing date for an ABS Transaction, the early amortization event described in this clause (k) shall be replaced with the early amortization event applicable to
the series issued in the ABS Transaction based on payment rate and the definitions relating to calculation of such payment rate trigger shall be incorporated herein and (b) if no ABS Transaction is executed by December 28, 2009, the
Turnover Trigger shall be increased to 1.9 for any Determination Date on or after December 28, 2009. 
 6. Amendment to Section 6.01(v).
Section 6.01(v) shall be hereby amended and restated in its entirety as follows: 
 (v) NFC shall fail to observe or
perform any condition, covenant or agreement contained in Section 8.01 of the Credit Agreement as in effect on the Fourth Amendment Effective Date; provided that, except as set forth in the next following proviso, if the Credit Agreement is
terminated or Section 8.01 of the Credit Agreement or any defined term or provision that affects any calculation specified in Section 8.01 of the Credit Agreement is terminated, amended, supplemented or modified, then Section 8.01 as
used herein may, at the direction of the Managing Agents, be similarly terminated, amended, supplemented or modified; provided, further, that if the Credit Agreement is replaced by a new credit agreement refinancing all or substantially all of the
existing debt under the Credit Agreement before July 1, 2010 (a “Replacement Credit Agreement”), then Section 8.01 as used herein will refer to the section or sections containing corresponding financial covenants in such
Replacement Credit Agreement; and provided further that if the Credit Agreement is replaced by a Replacement Credit Agreement and such Replacement Credit Agreement is thereafter terminated or the section or sections containing the corresponding
financial covenants incorporated herein or any defined term or provision that affects any calculation specified in such section or sections is terminated, amended, supplemented or modified, then Section 8.01 as used herein may, at the direction
of the Managing Agents, be similarly terminated, amended, supplemented or modified. 
 7. Amendment to Section 6.01(z). Section 6.01(z)
shall be hereby amended and restated in its entirety as follows: 
 (z) the Dealcor Dealer Notes Pool Percentage, as reported
on a Monthly Servicer and Settlement Statement, shall exceed the Dealcor Dealer Notes Pool Percentage Limit and such Dealcor Dealer Notes Pool Percentage shall not have been reduced to the Dealcor Dealer Notes Pool Percentage Limit or lower (as
evidenced by an Officer’s Certificate of the Servicer delivered to each Managing Agent or as shown in the next succeeding Monthly Servicer and Settlement Statement) on any date on or prior to the due date for delivery of the next succeeding
Monthly Servicer and Settlement Statement. 
  

 5 

 8. Amendment to Article IX. A new Section 9.04 shall be added to read as follows: 
 “Section 9.04. Incorporation of Additional Amendments. If any ABS Transaction shall contain additional concentration limits or
eligibility requirements relating to the Dealcor Dealer-related Dealer Notes that are not already incorporated into this Series Supplement, such concentration limits or eligibility requirements shall be deemed to be incorporated in this Series
Supplement as of the date of such ABS Transaction.” 
 9. Condition Precedent. The effectiveness of this Amendment shall be subject to
(i) the execution and delivery of a signature page by each of the parties hereto and (ii) the effectiveness of the Amendment and Extension to Amended and Restated Certificate Purchase Agreement, dated as of August 25, 2009. The
Servicer shall provide the Trustee with written notice of the effectiveness of such amendment and of this Amendment. 
 10. Miscellaneous. This
Amendment shall be construed in accordance with the internal laws of the State of Illinois, without reference to its conflict of law provisions, except that the obligations, rights and remedies of the Master Trust Trustee shall be determined in
accordance with the internal laws of the State of New York, without regard to conflict of law provisions. This Amendment may be executed in two or more counterparts, each of which shall be an original, but all of which together constitute one and
the same instrument. The provisions of this Amendment shall be deemed to be incorporated in, and made a part of, the Series 2000-VFC Supplement; and the Series 2000-VFC Supplement, as amended by this Amendment, shall be read, taken and construed as
one and the same instrument. Promptly after the execution of this Amendment the Master Trust Trustee shall furnish written notification of the substance of this Amendment to each Investor Certificateholder. 
 *    *    *    *    * 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to the Series 2000-VFC
Supplement to be duly executed by their respective officers as of the date first written above. 
  

			
	 NAVISTAR FINANCIAL SECURITIES
 CORPORATION

             as Seller

		
	By:	 	 /s/ M. E. Kummer

	Name:	 	M. E. Kummer
	Title:	 	Assistant Treasurer
	
	 NAVISTAR FINANCIAL CORPORATION
             as Servicer

		
	By:	 	 /s/ M. E. Kummer

	Name:	 	M. E. Kummer
	Title:	 	Assistant Treasurer

  

 7 

			
	 THE BANK OF NEW YORK MELLON
 as Master Trust Trustee

		
	By:	 	 /s/ Michael Burack

	Name:	 	Michael Burack
	Title:	 	Assistant Treasurer

  

 8 

			
	Acknowledged and Accepted
	 BANK OF AMERICA, NATIONAL ASSOCIATION,
 as Administrative Agent

		
	By:	 	 /s/ Matt Zimmerman

	Name:	 	Matt Zimmerman
	Title:	 	Vice President

  

 9

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