Document:

EX-10.6

 Exhibit 10.6 

 
  

 
 ADMINISTRATION AGREEMENT

 among 
 VOLKSWAGEN AUTO LEASE TRUST 2013-A, 
 as Issuer 

VW CREDIT, INC., 
 as Administrator 
 and 

CITIBANK, N.A., 
 as Indenture Trustee 
 Dated as of July 25, 2013 

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 1.      DUTIES OF THE ADMINISTRATOR
	  	 	1	  
		
	 2.      RECORDS
	  	 	3	  
		
	 3.      COMPENSATION; PAYMENT OF FEES AND EXPENSES
	  	 	3	  
		
	 4.      INDEPENDENCE OF THE ADMINISTRATOR
	  	 	4	  
		
	 5.      NO JOINT VENTURE
	  	 	4	  
		
	 6.      OTHER ACTIVITIES OF THE ADMINISTRATOR
	  	 	4	  
		
	 7.      REPRESENTATIONS AND WARRANTIES OF THE ADMINISTRATOR
	  	 	5	  
		
	 8.      ADMINISTRATOR REPLACEMENT EVENTS; TERMINATION OF THE ADMINISTRATOR
	  	 	5	  
		
	 9.      ACTION UPON TERMINATION OR REMOVAL
	  	 	7	  
		
	 10.    LIENS
	  	 	7	  
		
	 11.    NOTICES
	  	 	7	  
		
	 12.    AMENDMENTS
	  	 	7	  
		
	 13.    GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL
	  	 	8	  
		
	 14.    HEADINGS
	  	 	9	  
		
	 15.    COUNTERPARTS
	  	 	9	  
		
	 16.    SEVERABILITY OF PROVISIONS
	  	 	9	  
		
	 17.    NOT APPLICABLE TO VCI IN OTHER CAPACITIES
	  	 	9	  
		
	 18.    BENEFITS OF THE ADMINISTRATION AGREEMENT
	  	 	9	  
		
	 19.    ASSIGNMENT
	  	 	10	  
		
	 20.    NON-PETITION COVENANT
	  	 	10	  
		
	 21.    LIMITATION OF LIABILITY
	  	 	10	  
		
	 22.    EACH SUBI SEPARATE; ASSIGNEES OF SUBI
	  	 	10	  

  
 -i-

 THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of July 25,
2013, is between VOLKSWAGEN AUTO LEASE TRUST 2013-A, a Delaware statutory trust (the “Issuer”), VW CREDIT, INC., a Delaware corporation, as administrator (“VCI” or in its capacity as administrator, the
“Administrator”), and CITIBANK, N.A., a national banking association, as indenture trustee (the “Indenture Trustee”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned
such terms in Appendix A to the Indenture dated as of July 25, 2013 (the “Indenture”) by and between the Issuer and the Indenture Trustee. 
 W I T N E S S E T H : 
 WHEREAS, the Issuer has issued the Notes pursuant to the
Indenture and the Certificates pursuant to the Trust Agreement and has entered into or is subject to certain agreements in connection therewith, including, (i) the SUBI Transfer Agreement, (ii) the Indenture, (iii) the Depository
Agreement and (iv) the Trust Agreement (each of the agreements referred to in clauses (i) through (iv) are referred to herein collectively as the “Issuer Documents”); 

WHEREAS, to secure payment of the Notes, the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the Indenture;

 WHEREAS, pursuant to the Issuer Documents, the Issuer and the Owner Trustee are required to perform certain duties;

 WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and
the Owner Trustee (in its capacity as owner trustee under the Trust Agreement), and to provide such additional services consistent with this Agreement and the Issuer Documents as the Issuer and the Owner Trustee may from time to time request;

 WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services
for the Issuer and the Owner Trustee on the terms set forth herein; 
 NOW, THEREFORE, in consideration of the mutual terms and
covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
 1. Duties of the Administrator. 
 (a) Duties with Respect to the
Issuer Documents. The Administrator shall perform all of its duties as Administrator under this Agreement and the Issuer Documents and the duties and obligations of the Issuer and the Owner Trustee (in its capacity as owner trustee under the
Trust Agreement) under the Issuer Documents; provided, however, except as otherwise provided in the Issuer Documents, that the Administrator shall have no obligation to make any payment required to be made by the Issuer under any
Issuer Document; provided, further, however, that the Administrator shall have no obligation, and the Owner Trustee shall be required to fully perform its duties, with respect to the obligations of the Owner Trustee under Sections
11.13, 11.14, 11.15, 11.16 and 11.17 of the Trust Agreement and to otherwise comply with the requirements of the Owner Trustee pursuant to or related to Regulation AB. In addition, the Administrator

  

					
		 		 	VALT 2013-A Administration Agreement

 
shall consult with the Issuer and the Owner Trustee regarding its duties and obligations under the Issuer Documents. The Administrator shall monitor the performance of the Issuer and the Owner
Trustee and shall advise the Issuer and the Owner Trustee when action is necessary to comply with the Issuer’s and the Owner Trustee’s duties and obligations under the Issuer Documents. The Administrator shall perform such calculations,
and shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, notices, certificates and opinions as it shall be the duty of the Issuer to prepare, file
or deliver pursuant to the Issuer Documents. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer to take pursuant to the Issuer Documents, and shall prepare, execute and deliver on
behalf of the Issuer all such documents, reports, filings, instruments, notices, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Issuer Documents or otherwise by law. 

(b) Notices to Rating Agencies. The Administrator shall give notice to each Rating Agency of (i) any merger or
consolidation of the Owner Trustee pursuant to Section 10.4 of the Trust Agreement; (ii) any merger or consolidation of the Indenture Trustee pursuant to Section 6.9 of the Indenture; (iii) any resignation or
removal of the Indenture Trustee pursuant to Section 6.8 of the Indenture; (iv) any Default or Indenture Default of which it has been provided notice pursuant to Section 6.5 of the Indenture; (v) the termination of,
and/or appointment of a successor to, the Servicer pursuant to Section 8.1 of the Transaction SUBI Servicing Supplement; in the case of each of (i) through (v), promptly upon the Administrator being notified thereof by
the Owner Trustee, the Indenture Trustee or the Servicer, as applicable. 
 (c) No Action by
Administrator. Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not, take any action that the Issuer directs the Administrator not to take nor which would result in a violation or
breach of the Issuer’s covenants, agreements or obligations under any of the Issuer Documents. 
 (d)
Non-Ministerial Matters; Exceptions to Administrator Duties. 
 (i) Notwithstanding anything to the
contrary in this Agreement, with respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless, within a reasonable time before the taking of such action, the
Administrator shall have notified the Issuer of the proposed action and the Issuer shall not have withheld consent or provided an alternative direction. For the purpose of the preceding sentence, “non-ministerial matters” shall include,
without limitation: 
 (A) the initiation of any claim or lawsuit by the Issuer and the compromise of any action,
claim or lawsuit brought by or against the Issuer; 
 (B) the appointment of successor Note Registrars, successor
Paying Agents, successor Indenture Trustees, successor Administrators or successor Servicers, or the consent to the assignment by the Note Registrar, the Paying Agent or the Indenture Trustee of its obligations under the Indenture; and 

  

					
		 	2	 	VALT 2013-A Administration Agreement

 (C) the removal of the Indenture Trustee. 

(ii) Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall
not, (x) make any payments to the Noteholders under the Transaction Documents, (y) except as provided in the Transaction Documents, sell the Trust Estate or (z) take any other action that the Issuer directs the Administrator not to
take on its behalf. 
 2. Records. The Administrator shall maintain appropriate books of account and records relating to
services performed hereunder, which books of account and records shall be accessible for inspection upon reasonable written request by the Issuer, the Transferor and the Indenture Trustee at any time during normal business hours. 

3. Compensation; Payment of Fees and Expenses. 

(a) Administration Fee. As compensation for the performance of the Administrator’s obligations under this
Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive the Administration Fee in accordance with Section 5.4 and Section 8.4 of the Indenture, as applicable. The
Administrator shall pay all expenses incurred by it in connection with its activities hereunder. 
 (b)
Compensation and Indemnification under the Transaction Documents. The Administrator shall: 
 (i) pay to
the Indenture Trustee and any separate trustee or co-trustee appointed pursuant to Section 6.10 of the Indenture (a “Separate Trustee”) from time to time such compensation as the Issuer, the Administrator and the
Indenture Trustee shall from time to time agree in writing for services rendered under the Indenture (which compensation shall not be limited by any law on compensation of a trustee of an express trust); 

(ii) except as otherwise expressly provided in the Indenture, reimburse the Indenture Trustee and any Separate Trustee for
all reasonable expenses, disbursements and advances reasonably incurred in connection with the performance of their duties under the Indenture, including the obtaining of any modified report described under Section 11.23(b)(iii) of the
Indenture; 
 (iii) indemnify the Indenture Trustee and any Separate Trustee, in their respective individual
capacities and as trustees, and their successors, assigns, directors, officers, employees and agents in accordance with Section 6.7 of the Indenture; 

  

					
		 	3	 	VALT 2013-A Administration Agreement

 (iv) defend any claim for which the Indenture Trustee or any Separate
Trustee seeks indemnity and pay the fees and expenses of separate counsel of the Indenture Trustee or any Separate Trustee related to such defense; 
 (v) pay to the Owner Trustee from time to time compensation for all services rendered by the Owner Trustee under the Trust Agreement in accordance with a fee letter between the Administrator and the Owner
Trustee (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
 (vi) reimburse the Owner Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Owner Trustee in accordance with any provision of the Trust Agreement
(including the reasonable compensation, expenses and disbursements of such agents and counsel as the Owner Trustee may employ in connection with the exercise and performance of its rights and its duties under the Trust Agreement), except any such
expense that may be attributable to the Owner Trustee’s willful misconduct, gross negligence or bad faith; and 
 (vii) indemnify the Owner Trustee in its individual capacity and as trustee and its successors, assigns, directors, officers, employees and agents in accordance with Section 8.2 of the Trust
Agreement; 
 provided that, notwithstanding anything to the contrary contained herein or in any other Transaction
Document,
 clauses (i) through (vii) above shall survive the termination of this Agreement. 
 4.
Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer with respect to the manner in which it accomplishes the
performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or to represent the Issuer in any way (other than as permitted hereunder) and shall not otherwise be deemed an
agent of the Issuer. 
 5. No Joint Venture. Nothing contained in this Agreement (i) shall constitute the
Administrator and the Issuer as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be
deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the other. 
 6. Other Activities of the Administrator. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar
capacity as an Administrator for any other Person even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. 

  

					
		 	4	 	VALT 2013-A Administration Agreement

 7. Representations and Warranties of the Administrator. The Administrator represents
and warrants to the Issuer and the Indenture Trustee as follows: 
 (a) Existence and Power. The
Administrator is a corporation validly existing and in good standing under the laws of its state of organization and has, in all material respects, all power and authority to carry on its business as now conducted. The Administrator has obtained all
necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents. 

(b) Authorization and No Contravention. The execution, delivery and performance by the Administrator of the
Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (A) any applicable law, rule or regulation,
(B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than violations which do not affect the legality, validity or enforceability of
any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).

 (c) No Consent Required. No approval or authorization by, or filing with, any Governmental Authority is
required in connection with the execution, delivery and performance by the Administrator of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and filings that have
previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents.

 (d) Binding Effect. Each Transaction Document to which the Administrator is a party constitutes the
legal, valid and binding obligation of the Administrator enforceable against the Administrator in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership,
conservatorship or other similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of corporations from time to time in effect or by general principles of equity. 

8. Administrator Replacement Events; Termination of the Administrator. 

(a) Subject to clauses (d) and (e) below, the Administrator may resign its duties hereunder by
providing the Issuer with at least sixty (60) days’ prior written notice. 
 (b) Subject to clauses
(d) and (e) below, the Issuer may remove the Administrator without cause by providing the Administrator with at least sixty (60) days’ prior written notice. 

  

					
		 	5	 	VALT 2013-A Administration Agreement

 (c) The occurrence of any one of the following events (each, an
“Administrator Replacement Event”) shall also entitle the Issuer, subject to Section 19 hereof, to terminate and replace the Administrator: 

(i) any failure by the Administrator to deliver or cause to be delivered any required payment to the Indenture Trustee for
distribution to the Noteholders, which failure continues unremedied for ten Business Days after discovery thereof by the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at
least a majority of the Outstanding Note Amount, voting together as a single class; 
 (ii) any failure by the
Administrator to duly observe or perform in any material respect any other of its covenants or agreements in this Agreement, which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which continues unremedied
for 90 days after discovery thereof by the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at least a majority of the Outstanding Note Amount, voting together as a single
class; 
 (iii) any representation or warranty of the Administrator made in any Transaction Document to which the
Administrator is a party or by which it is bound or any certificate delivered pursuant to this Agreement proves to have been incorrect in any material respect when made, which failure materially and adversely affects the rights of the Issuer or the
Noteholders, and which failure continues unremedied for 90 days after discovery thereof by the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at least a majority of the
Outstanding Note Amount, voting together as a single class (it being understood that any repurchase of a Transaction Unit by VCI pursuant to Section 2.3 of the SUBI Sale Agreement shall be deemed to remedy any incorrect representation or
warranty with respect to such Transaction Unit); or 
 (iv) the Administrator suffers a Bankruptcy Event;

 provided, however, that a delay in or failure of performance referred to under clauses (i), (ii) or
(iii) above for a period of 120 days will not constitute an Administrator Replacement Event if such delay or failure was caused by force majeure or other similar occurrence. 

(d) If an Administrator Replacement Event shall have occurred, the Issuer may, subject to Section 19 hereof,
by notice given to the Administrator and the Owner Trustee, terminate all or a portion of the rights and powers of the Administrator under this Agreement, including the rights of the Administrator to receive the annual fee for services hereunder for
all periods following such termination; provided, however, that such termination shall not become effective until such time as the Issuer, subject to Section 19 hereof, shall have appointed a successor Administrator in the
manner set forth below. Upon any such termination, all rights, powers, duties and responsibilities of the Administrator under this Agreement shall vest in and be assumed by any successor Administrator appointed by the Issuer, subject to
Section 19 hereof, pursuant to a management agreement between the Issuer and such successor Administrator, containing substantially the same provisions as this Agreement (including with respect to the

  

					
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compensation of such successor Administrator), and the successor Administrator is hereby irrevocably authorized and empowered to execute and deliver, on behalf of the Administrator, as
attorney-in-fact or otherwise, all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect such vesting and assumption. Further, in such event, the Administrator shall use its commercially
reasonable efforts to effect the orderly and efficient transfer of the administration of the Issuer to the new Administrator. 
 (e) The Issuer, subject to Section 19 hereof, may waive in writing any Administrator Replacement Event by the Administrator in the performance of its obligations hereunder and its
consequences. Upon any such waiver of a past Administrator Replacement Event, such Administrator Replacement Event shall cease to exist, and any Administrator Replacement Event arising therefrom shall be deemed to have been remedied for every
purpose of this Agreement. No such waiver shall extend to any subsequent or other Administrator Replacement Event or impair any right consequent thereon. 
 9. Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal of the Administrator pursuant to
Section 8, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination or removal. 
 10. Liens. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on the Collateral other than Permitted Liens. 

11. Notices. All demands, notices and communications hereunder shall be in writing and shall be delivered or mailed by registered
or certified first class United States mail, postage prepaid, hand delivery, prepaid courier service, or by telecopier, and addressed in each case as set forth in Schedule II to the Indenture or at such other address as shall be designated in
a written notice to the other parties hereto. Delivery shall occur only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices
hereunder. 
 12. Amendments. 
 (a) Any term or provision of this Agreement may be amended by the Administrator without the consent of the Indenture Trustee, any Noteholder, the Issuer or any other Person subject to satisfaction of one
of the following conditions: (i) the Administrator or the Servicer delivers an Officer’s Certificate or an Opinion of Counsel to the Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests
of the Noteholders or (ii) the Rating Agency Condition is satisfied with respect to such amendment. Without limiting the foregoing and subject to clause (b) below, any term or provision of this Agreement may be amended by the
Administrator with the consent of Noteholders evidencing not less than a majority of the Outstanding Note Amount, voting as a single Class. Notwithstanding the foregoing, any amendment that materially and adversely affects the interests of the
Certificateholders, the Indenture Trustee or the Owner Trustee shall require the prior written consent of the 

  

					
		 	7	 	VALT 2013-A Administration Agreement

 
Persons whose interests are materially and adversely affected. The consent of the Certificateholders or the Issuer shall be deemed to have been given if the Servicer does not receive a written
objection from such Person within 10 Business Days after a written request for such consent shall have been given. 
 (b) It shall not be necessary for the consent of any Person pursuant to this Section for such Person to approve the particular form of any proposed amendment, but it shall be sufficient if such Person
consents to the substance thereof. 
 (c) Prior to the execution of any amendment to this Agreement, the
Administrator shall provide each Rating Agency with written notice of the substance of such amendment. No later than 10 Business Days after the execution of any amendment to this Agreement, the Administrator shall furnish a copy of such amendment to
each Rating Agency, the Issuer, the Owner Trustee and the Indenture Trustee. 
 (d) Prior to the execution of any
amendment to this Agreement, the Issuer, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this
Agreement and that all conditions precedent to the execution and delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which adversely affects
the Owner Trustee’s or the Indenture Trustee’s, as applicable, own rights, duties or immunities under this Agreement. 

13. GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF
NEW YORK). 
 (b) EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY:

 (i) SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT OR ANY DOCUMENTS EXECUTED AND DELIVERED IN CONNECTION HEREWITH, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NONEXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE COURTS OF THE
UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK AND APPELLATE COURTS FROM ANY THEREOF; 

  

					
		 	8	 	VALT 2013-A Administration Agreement

 (ii) CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN
SUCH COURTS AND WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

 (iii) AGREES THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING
A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO SUCH PERSON AT ITS ADDRESS DETERMINED IN ACCORDANCE WITH SECTION 11 OF THIS AGREEMENT; 

(iv) AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR SHALL LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION; AND 
 (v) TO THE EXTENT
PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT, OR ANY
MATTER ARISING HEREUNDER OR THEREUNDER. 
 14. Headings. The section headings hereof have been inserted for
convenience of reference only and shall not be construed to affect the meaning, construction or effect of this Agreement. 
 15.
Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 

16. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for
any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. 
 17. Not Applicable to VCI in Other Capacities. Nothing in
this Agreement shall affect any obligation VCI may have in any other capacity. 
 18. Benefits of the Administration
Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of
the 

  

					
		 	9	 	VALT 2013-A Administration Agreement

 
Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of
this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto. 
 19. Assignment. Each party hereto hereby acknowledges and consents to the mortgage, pledge, assignment and Grant of a security interest by the Issuer to the Indenture Trustee pursuant to the
Indenture for the benefit of the Noteholders of all of the Issuer’s rights under this Agreement. In addition, the Administrator hereby acknowledges and agrees that for so long as any Notes are Outstanding, the Indenture Trustee will have the
right to exercise all waivers and consents, rights, remedies, powers, privileges and claims of the Issuer under this Agreement. 

20. Non-petition Covenant. With respect to each Bankruptcy Remote Party, each party hereto agrees that, prior to the date which is
one year and one day after payment in full of all obligations under each Financing (i) no party hereto shall authorize such Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking
liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an
administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession
by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of any party hereto or any other creditor of such Bankruptcy Remote Party, and
(ii) none of the parties hereto shall commence or join with any other Person in commencing any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in
effect in any jurisdiction. 
 21. Limitation of Liability. Notwithstanding anything contained herein to the contrary,
this Agreement has been executed and delivered by Deutsche Bank Trust Company Delaware, not in its individual capacity but solely as Owner Trustee, and in no event shall it have any liability for the representations, warranties, covenants,
agreements or other obligations of the Issuer hereunder or under the Notes or any of the other Transaction Documents or in any of the certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to
the assets of the Issuer. Under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expense of the Issuer or be liable for the breach or failure of any obligations, representation, warranty or
covenant made or undertaken by the Issuer under the Transaction Documents. For the purposes of this Agreement, in the performance of its duties or obligations hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the
terms and provisions of Articles VI, VII and VIII of the Trust Agreement. 
 22. Each SUBI Separate;
Assignees of SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Transaction SUBI Certificate, by virtue of its acceptance of such Transaction SUBI Certificate or pledge thereof, acknowledges and agrees) that
(a) the Transaction SUBI is a separate series of the Origination Trust as provided in Section 

  

					
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3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., (b)(i) the debts, liabilities, obligations and expenses incurred, contracted for
or otherwise existing with respect to the Transaction SUBI or the Transaction SUBI Portfolio shall be enforceable against the Transaction SUBI Portfolio only and not against any Other SUBI Assets or the UTI Portfolio and (ii) the debts,
liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to any Other SUBI, any Other SUBI Portfolio, the UTI or the UTI Portfolio shall be enforceable against such Other SUBI Portfolio or the UTI Portfolio
only, as applicable, and not against the Transaction SUBI or the Transaction SUBI Portfolio, (c) except to the extent required by law, UTI Assets or SUBI Assets with respect to any Other SUBI shall not be subject to the claims, debts,
liabilities, expenses or obligations arising from or with respect to the Transaction SUBI in respect of such claim, (d)(i) no creditor or holder of a claim relating to the Transaction SUBI or the Transaction SUBI Portfolio shall be entitled to
maintain any action against or recover any assets allocated to the UTI or the UTI Portfolio or any Other SUBI or the assets allocated thereto, and (ii) no creditor or holder of a claim relating to the UTI, the UTI Portfolio or any Other SUBI or
any SUBI Assets other than the Transaction SUBI Portfolio shall be entitled to maintain any action against or recover any assets allocated to the Transaction SUBI and (e) any purchaser, assignee or pledgee of an interest in the Transaction SUBI
or the Transaction SUBI Certificate must, prior to or contemporaneously with the grant of any such assignment, pledge or security interest, (i) give to the Origination Trust a non-petition covenant substantially similar to that set forth in
Section 6.9 of the Origination Trust Agreement, and (ii) execute an agreement for the benefit of each holder, assignee or pledgee from time to time of the UTI or UTI Certificate and any Other SUBI or Other SUBI Certificate, to
release all claims to the assets of the Origination Trust allocated to the UTI Portfolio and each Other SUBI Portfolio and in the event that such release is not given effect, to fully subordinate all claims it may be deemed to have against the
assets of the Origination Trust allocated to the UTI Portfolio and each Other SUBI Portfolio. 
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 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
as of the day and year first above written. 
  

			
	VOLKSWAGEN AUTO LEASE TRUST 2013-A
	
	By: Deutsche Bank Trust Company Delaware, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 /s/ Michele H.Y. Voon

	Name:	 	 Michele H.Y. Voon

	Title:	 	 Attorney-in-fact

		
	By:	 	 /s/ Jennifer Freda

	Name:	 	 Jennifer Freda

	Title:	 	 Attorney-in-fact

  

					
		 	S-1	 	VALT 2013-A Administration Agreement

 
			
	 VW CREDIT, INC.,
 as Administrator

		
	By:	 	 /s/ Martin Luedtke

	Name:	 	Martin Luedtke
	Title:	 	Treasurer
		
	By:	 	 /s/ Lawrence S. Tolep

	Name:	 	Lawrence S. Tolep
	Title:	 	Assistant Treasurer

  

					
		 	S-2	 	VALT 2013-A Administration Agreement

 
			
	CITIBANK, N.A., as Indenture Trustee
		
	By:	 	/s/ Louis Piscitelli
	Name:	 	Louis Piscitelli
	Title:	 	Vice President

  

					
		 	S-3	 	VALT 2013-A Administration AgreementEX-10.2

 Exhibit 10.2 
 FORM OF 
 CONTRIBUTION, CONVEYANCE AND ASSUMPTION 

AGREEMENT 

By and Among 
 QEP FIELD SERVICES COMPANY 
 QEP MIDSTREAM PARTNERS GP, LLC

 QEP MIDSTREAM PARTNERS, LP 
 AND 
 QEP MIDSTREAM PARTNERS OPERATING, LLC 

Dated as of [ — ], 2013 

 CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT 

This Contribution, Conveyance and Assumption Agreement, dated as of
[ — ], 2013 (this “Agreement”), is by and among QEP Midstream Partners, LP, a Delaware limited partnership (the “Partnership”), QEP Midstream Partners GP,
LLC, a Delaware limited liability company (the “General Partner”), QEP Field Services Company, a Delaware corporation (“Field Services”), and QEP Midstream Partners Operating, LLC, a Delaware limited liability
company (“OLLC”). The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.” Capitalized terms used herein shall have the meanings
assigned to such terms in Article I. 
 RECITALS 

WHEREAS, the General Partner and Field Services have formed the Partnership, pursuant to the Delaware Revised
Uniform Limited Partnership Act (the “Delaware LP Act”), for the purpose of engaging in any business activity that is approved by the General Partner and that lawfully may be conducted by a limited partnership organized pursuant to
the Delaware LP Act. 
 WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, each
of the following actions has been taken prior to the date hereof: 
  

	 	1.	Field Services formed the General Partner under the terms of the Delaware Limited Liability Company Act (the “Delaware LLC Act”) and contributed to the
General Partner $1,000 in exchange for all of the limited liability company interests in the General Partner. 

  

	 	2.	The General Partner and Field Services formed the Partnership under the terms of the Delaware LP Act and contributed $20 and $980 to the Partnership, respectively, in
exchange for a 2.0% general partner interest and a 98.0% limited partner interest, respectively, in the Partnership. 

  

	 	3.	Field Services formed OLLC under the terms of the Delaware LLC Act and contributed to OLLC $1,000 in exchange for all of the limited liability company interests in
OLLC. 

  

	 	4.	Field Services formed QEPM Gathering I, LLC (“QEP Gathering”) under the terms of the Delaware LLC Act and contributed to QEP Gathering $1,000 in
exchange for all of the limited liability company interests in QEP Gathering. 

 WHEREAS, concurrently with
the consummation of the transactions contemplated hereby, each of the following transactions will occur at the times specified herein: 
  

	 	1.	Field Services will convey (i) a 100% limited liability company interest in Rendezvous Pipeline Company, L.L.C. (“Rendezvous Pipeline”) and
(ii) a 78% limited liability company interest in Rendezvous Gas Services, L.L.C. (“Rendezvous Gas”), in each case to QEP Gathering as a capital contribution. 

  
 1 

	 	2.	Field Services will convey (i) a 100% limited liability company interest in QEP Gathering and (ii) a 50% limited liability company interest in Three Rivers
Gathering, L.L.C. (“Three Rivers”), in each case to OLLC as a capital contribution and in exchange for OLLC assuming $[ — ] million of Field Services’ existing debt
(the “Existing Debt”). 

  

	 	3.	Field Services will convey 2.0% of its limited liability company interest in OLLC to the General Partner as a capital contribution with a value equal to 2.0% of the
equity of the Partnership (the “OLLC Interest”). 

  

	 	4.	The General Partner will convey the OLLC Interest to the Partnership as a capital contribution in exchange for
(i) [ — ] general partner units in the Partnership representing a continuation of its 2.0% general partner interest in the Partnership and (ii) the Incentive Distribution Rights
in the Partnership. 

  

	 	5.	Field Services will contribute its remaining interest in OLLC (the “LP Contribution Interest”) to the Partnership in exchange for (i) [ — ] Common Units representing a [ — ]% limited partner interest in the Partnership,
(ii) [ — ] Subordinated Units representing a 49.0% limited partner interest in the Partnership, and (iii) the right to receive
$[ — ] million in cash, all of which will be used to reimburse Field Services for certain capital expenditures made with respect to the contributed assets (the “Equity
Distribution”). 

  

	 	6.	The Partnership will redeem the initial limited partner interests of Field Services and will refund Field Services’ initial contribution of $980, as well as any
interest or other profit that may have resulted from the investment or other use of such initial capital contribution to Field Services, in proportion to such initial contribution. 

 

	 	7.	The agreements of limited partnership and the limited liability company agreements of certain of the aforementioned entities will be amended and restated to the extent
necessary to reflect the applicable matters set forth above and contained in this Agreement. 

 WHEREAS,
the members, partners or stockholders of the Parties have taken all partnership, limited liability company or corporate action, as the case may be, required to approve the transactions contemplated by this Agreement. 

WHEREAS, at the Effective Time, the public, through the Underwriters, will purchase from the Partnership for $[ — ] million in cash, less the amount of $[ — ] million payable to the Underwriters after taking into account the Underwriters’ discount
of [ — ]% and the Structuring Fee payable to Wells Fargo Securities, LLC, [ — ] Common Units (representing a [ — ]% limited partner interest in the Partnership). 
 WHEREAS, at the
Effective Time, the Partnership will (i) pay the Structuring Fee to Wells Fargo Securities, LLC, (ii) pay the transaction expenses, estimated to be approximately $[ — ] million,
(iii) contribute $[ — ] million to OLLC to repay the Existing Debt and (iv) pay the Equity Distribution to Field Services. 

  
 2 

 NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties
and agreements herein contained, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 In addition to the terms defined in the introductory paragraph and the recitals of this Agreement, for purposes hereof, the capitalized terms used herein and not otherwise defined shall have the meanings
set forth in Appendix A. 
 ARTICLE II 
 CONTRIBUTION, ACKNOWLEDGEMENTS AND DISTRIBUTIONS 
 The following shall be
completed immediately following the Effective Time in the order set forth herein: 
 Section 2.1 Contribution by Field
Services of its 100% Limited Liability Company Interest in Rendezvous Pipeline and 78% Limited Liability Company Interest in Rendezvous Gas to QEP Gathering. Field Services hereby grants, contributes, bargains, conveys, assigns, transfers, sets
over and delivers to QEP Gathering its (i) 100% limited liability company interest in Rendezvous Pipeline (the “Rendezvous Pipeline Interest”) and (ii) 78% limited liability company interest in Rendezvous Gas
(the “Rendezvous Gas Interest”), in each case as a capital contribution, and QEP Gathering hereby accepts the Rendezvous Pipeline Interest and the Rendezvous Gas Interest (the “Gathering
Contribution”). Notwithstanding anything in the Operating Agreement of Rendezvous Pipeline, dated as of January 20, 2006 (the “Rendezvous Pipeline Agreement”) or the Limited Liability Company
Operating Agreement of Rendezvous Gas, dated as of September 12, 2001 (the “Rendezvous Gas Agreement”) to the contrary, as applicable, pursuant to the Gathering Contribution (i) QEP Gathering is hereby
admitted as a member of each of Rendezvous Pipeline and Rendezvous Gas and agrees that it is bound by the Rendezvous Pipeline Agreement and the Rendezvous Gas Agreement, as the sole member of Rendezvous Pipeline and a member of Rendezvous Gas,
respectively, (ii) Field Services hereby ceases to be a member of each of Rendezvous Pipeline and Rendezvous Gas immediately following QEP Gathering’s admission to each as described in (i), and (iii) both Rendezvous Pipeline and
Rendezvous Gas hereby continue without dissolution with QEP Gathering as a member of each. 
 Section 2.2
Contribution by Field Services of its 100% Limited Liability Company Interest in QEP Gathering and 50% Limited Liability Company Interest in Three Rivers to OLLC. Field Services hereby grants, contributes, bargains, conveys, assigns, transfers,
sets over and delivers to OLLC its (i) 100% limited liability company interest in QEP Gathering (the “QEP Gathering Interest”) and (ii) 50% limited liability company interest in Three Rivers (the
“Three Rivers Interest”), in each case as a capital contribution and in exchange for OLLC assuming the Existing Debt, and OLLC hereby accepts the QEP Gathering Interest and the Three Rivers Interest (the
“Field Services Contribution”) and assumes the Existing Debt. Notwithstanding anything in the Limited Liability Company Agreement of QEP Gathering, dated as of
[ — ], 2013 (the “QEP Gathering Agreement”) or the Limited Liability Company Operating Agreement of Three Rivers, dated as of July 1, 2007 (the
“Three Rivers Agreement”) to the  

  
 3 

 
contrary, as applicable, pursuant to the Field Services Contribution (i) OLLC is hereby admitted as a member of each of QEP Gathering and Three Rivers and agrees that it is bound by the QEP
Gathering Agreement and the Three Rivers Agreement, as the sole member of QEP Gathering and a member of Three Rivers, respectively, (ii) Field Services hereby ceases to be a member of each of QEP Gathering and Three Rivers immediately following
OLLC’s admission to each as described in (i), and (iii) both QEP Gathering and Three Rivers hereby continue without dissolution with OLLC as a member of each. 
 Section 2.3 Conveyance by Field Services of the OLLC Interest to the General Partner. Field Services hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers
to the General Partner the OLLC Interest as a capital contribution, and the General Partner hereby accepts the OLLC Interest (the “OLLC GP Contribution”). Notwithstanding anything in the Limited Liability Company Agreement of OLLC,
dated as of April 19, 2013 (the “OLLC Agreement”), to the contrary, pursuant to the OLLC GP Contribution, (i) the General Partner is hereby admitted to OLLC as a member of OLLC and agrees that it is bound by the OLLC
Agreement, as a member of OLLC, and (ii) OLLC hereby continues without dissolution. 
 Section 2.4 Conveyance by
the General Partner of the OLLC Interest to the Partnership. The General Partner hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership the OLLC Interest as a capital contribution in exchange
for (i) [ — ] general partner units representing a continuation of its 2.0% general partner interest in the Partnership and (ii) the issuance of the Incentive Distribution Rights,
and the Partnership hereby accepts such OLLC Interest as a contribution to the capital of the Partnership (the “OLLC Partnership Contribution”). Notwithstanding anything in the OLLC Agreement to the contrary, pursuant to the OLLC
Partnership Contribution (i) the Partnership is hereby admitted to OLLC as a member of OLLC and agrees that it is bound by the OLLC Agreement as a member of OLLC, (ii) the General Partner hereby ceases to be a member of OLLC immediately
following the Partnership’s admission as described in (i), and (iii) OLLC hereby continues without dissolution. 

Section 2.5 Contribution by Field Services of the LP Contribution Interest to the Partnership. Field Services hereby grants,
contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership the LP Contribution Interest, as a capital contribution, in exchange for (i) [ — ] Common
Units representing a [ — ]% limited partner interest in the Partnership, (ii) [ — ] Subordinated Units representing a
[ — ]% limited partner interest in the Partnership and (iii) the right to receive the Equity Distribution, all of which will be used to reimburse Field Services for certain capital
expenditures it incurred with respect to the contributed assets pursuant to Treasury Regulation Section 1.70-74(d). The Partnership hereby (A) accepts such LP Contribution Interest as a contribution to the capital of the Partnership, and
(B) undertakes to pay the Equity Distribution to Field Services as contemplated in clause (iii) of this Section 2.5 (the “OLLC LP Contribution”). Notwithstanding anything in the OLLC Agreement to the contrary,
pursuant to the OLLC LP Contribution (i) Field Services hereby ceases to be a member of OLLC and (ii) OLLC hereby continues without dissolution with the Partnership as the sole member of OLLC. 

  
 4 

 Section 2.6 Underwriters’ Cash Contribution. The Parties acknowledge that
the Underwriters have, pursuant to the Underwriting Agreement, made a capital contribution to the Partnership of approximately $[ — ] in cash
($[ — ] net to the Partnership after deducting the underwriting discounts and commissions of $[ — ] and the Structuring Fee
payable to Wells Fargo Securities, LLC) in exchange for the issuance by the Partnership to the Underwriters of [ — ] Common Units, representing a
[ — ]% limited partner interest in the Partnership. 

Section 2.7 Payment of the Structuring Fee. The Partnership agrees to pay Wells Fargo Securities, LLC the Structuring Fee.

 Section 2.8 Payment of Transaction Costs. The Parties acknowledge the payment by the Partnership of
transaction expenses in the amount of approximately $[ — ]. 

Section 2.9 Payment of Equity Distribution. The Partnership hereby pays the Equity Distribution to Field Services.

 Section 2.10 Repayment of Existing Debt by OLLC. The Parties acknowledge the repayment of the Existing Debt
by OLLC with a portion of the proceeds described in Section 2.6 and contributed to OLLC. 

Section 2.11 Redemption of Holdings’ Initial Limited Partner Interests. For and in consideration of the payment by the
Partnership of $980 to Field Services as a refund of its initial capital contribution to the Partnership, along with any interest or profit that resulted from the investment or other use of such capital contribution, the Partnership hereby redeems
all of the initial limited partner interests of Field Services.  
 ARTICLE III 

ADDITIONAL TRANSACTIONS 
 If the Over-Allotment Option is exercised in whole or in part, the Underwriters will contribute additional cash to the Partnership in exchange for up to an additional [ — ] Common Units on the basis of the initial public offering price per Common Unit set forth in the Registration Statement less the amount of underwriting discounts and commissions and Structuring
Fee, and the Partnership shall use the net proceeds from that exercise to redeem from Field Services the number of Common Units issued upon such exercise. 
 ARTICLE IV 
 FURTHER ASSURANCES 

From time to time after the Effective Time, and without any further consideration, the Parties agree to execute, acknowledge and deliver
all such additional deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and other documents, and to do all such other acts and things, all in accordance with applicable law, as may be necessary or appropriate
(i) more fully to assure that the applicable Parties own all of the properties, rights, titles, interests, estates, remedies, powers and privileges granted by this Agreement, or which are intended to be so granted, (ii) more fully and
effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record title to the interests contributed and assigned by this Agreement or intended to be so and (iii) more fully and effectively to carry
out the purposes and intent of this Agreement. 

  
 5 

 ARTICLE V 
 EFFECTIVE TIME 
 Notwithstanding anything contained in this Agreement to
the contrary, none of the provisions of Article II of this Agreement shall be operative or have any effect until the Effective Time, at which time all the provisions of Article II of this Agreement shall be effective and operative in
accordance with Article VI, without further action by any Party hereto. 
 ARTICLE VI 

MISCELLANEOUS 
 Section 6.1 Order of Completion of Transactions. The transactions provided for in Article II and Article III of this Agreement shall be completed immediately following the
Effective Time in the following order: first, the transactions provided for in Article II shall be completed in the order set forth therein; and second, following the completion of the transactions provided for in Article II, the
transactions provided for in Article III, if they occur, shall be completed. 
 Section 6.2 Headings;
References; Interpretation. All Article and Section headings in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any of the provisions hereof. The words “hereof,”
“herein” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole, including, without limitation, all Schedules and Exhibits attached hereto, and not to any particular
provision of this Agreement. All references herein to Articles, Sections, Schedules and Exhibits shall, unless the context requires a different construction, be deemed to be references to the Articles and Sections of this Agreement and the Schedules
and Exhibits attached hereto, and all such Schedules and Exhibits attached hereto are hereby incorporated herein and made a part hereof for all purposes. All personal pronouns used in this Agreement, whether used in the masculine, feminine or neuter
gender shall include all other genders, and the singular shall include the plural and vice versa. The use herein of the word “including” following any general statement, term or matter shall not be construed to limit such statement, term
or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not limited to”, or words of similar
import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general statement, term or matter. 

Section 6.3 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and their
respective successors and assigns. 
 Section 6.4 No Third Party Rights. The provisions of this Agreement are
intended to bind the Parties as to each other and are not intended to and do not create rights in any other person or confer upon any other person any benefits, rights or remedies, and no person is or is intended to be a third party beneficiary of
any of the provisions of this Agreement. 

  
 6 

 Section 6.5 Counterparts. This Agreement may be executed in any number of
counterparts with the same effect as if all signatory Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 

Section 6.6 Choice of Law. This Agreement shall be subject to and governed by the laws of the state of Delaware. Each Party
hereby submits to the jurisdiction of the state and federal courts in the state of Delaware and to venue in the state and federal courts in New Castle County, Delaware. 
 Section 6.7 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction to contravene, or to be invalid under, the laws of any political body
having jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement. Instead, this Agreement shall be construed as if it did not contain the particular provisions or provisions held to be
invalid and an equitable adjustment shall be made and necessary provision added so as to give effect to the intention of the Parties as expressed in this Agreement at the time of execution of this Agreement. 

Section 6.8 Amendment or Modification. This Agreement may be amended or modified from time to time only by the written
agreement of all the Parties. Each such instrument shall be reduced to writing and shall be designated on its face as an amendment to this Agreement. 
 Section 6.9 Integration. This Agreement and the instruments referenced herein supersede all previous understandings or agreements among the Parties, whether oral or written, with respect to
the subject matter of this Agreement and such instruments. This Agreement and such instruments contain the entire understanding of the Parties with respect to the subject matter hereof and thereof. No understanding, representation, promise or
agreement, whether oral or written, is intended to be or shall be included in or form part of this Agreement unless it is contained in a written amendment hereto executed by the parties hereto after the date of this Agreement. 

Section 6.10 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable law, this Agreement shall
also constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein. 
 [Signature Page Follows] 

  
 7 

 IN WITNESS WHEREOF, the parties to this Agreement have caused it to be duly executed
as of the date first above written. 
  

			
	QEP FIELD SERVICES COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	QEP MIDSTREAM PARTNERS GP, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	QEP MIDSTREAM PARTNERS, LP
		
	By:	 	 QEP MIDSTREAM PARTNERS GP, LLC
 its general partner

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	QEP MIDSTREAM PARTNERS OPERATING, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 Signature Page to Contribution, Conveyance and Assumption Agreement 

 APPENDIX A 

Attached to and made part of that certain Contribution, Conveyance and Assumption Agreement, dated as of [ — ], 2013, by and among QEP Midstream Partners, LP, a Delaware limited partnership, QEP Midstream Partners GP, LLC, a Delaware limited liability company, QEP Field Services Company, a Delaware
corporation, and QEP Midstream Partners Operating, LLC, a Delaware limited liability company. 
 “Agreement”
has the meaning assigned to such term in the preamble. 
 “Code” means the Internal Revenue Code of 1986, as
amended and in effect from time to time. Any reference herein to a specific section or sections of the Code shall be deemed to include a reference to any corresponding provision of any successor law. 

“Commission” means the U.S. Securities and Exchange Commission. 

“Common Units” means a common unit representing a limited partner interest in the Partnership. The term “Common
Unit” does not include a Subordinated Unit prior to its conversion into a Common Unit pursuant to the terms of the Partnership Agreement. 
 “Delaware LLC Act” has the meaning assigned to such term in the recitals. 
 “Delaware LP Act” has the meaning assigned to such term in the recitals. 
 “Effective Time” means immediately prior to the closing of the initial public offering pursuant to the Underwriting Agreement. 

“Equity Distribution” has the meaning assigned to such term in the recitals. 

“Existing Debt” has the meaning assigned to such term in the recitals. 

“Field Services” has the meaning assigned to such term in the preamble. 

“Field Services Contribution” has the meaning set forth in Section 2.2. 

“Gathering Contribution” has the meaning set forth in Section 2.1. 

“General Partner” has the meaning assigned to such term in the preamble. 

“OLLC Interest” has the meaning assigned to such term in the recitals. 

“Incentive Distribution Rights” means a limited partner interest in the Partnership having the rights and obligations
specified with respect to Incentive Distribution Rights in the Partnership Agreement (and no other rights otherwise available to or other obligations of a holder of an equity interest in the Partnership). 

“LP Contribution Interest” has the meaning assigned to such term in the recitals. 

“OLLC” has the meaning assigned to such term in the preamble. 

 “OLLC Agreement” has the meaning set forth in Section 2.3.

 “OLLC GP Contribution” has the meaning set forth in Section 2.3. 

“OLLC LP Contribution” has the meaning set forth in Section 2.5. 

“OLLC Partnership Contribution” has the meaning set forth in Section 2.4. 

“Over-Allotment Option” means the over-allotment option granted to the Underwriters by the Partnership pursuant to the
Underwriting Agreement. 
 “Partnership” has the meaning assigned to such term in the preamble. 

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of QEP Midstream Partners,
LP dated as of [ — ], 2013. 
 “Party” and
“Parties” has the meaning assigned to such term in the preamble. 
 “QEP Gathering” has the
meaning assigned to such term in the recitals. 
 “QEP Gathering Agreement” has the meaning set forth in
Section 2.2. 
 “QEP Gathering Interest” has the meaning set forth in Section 2.2.

 “Registration Statement” means the Registration Statement on Form S-1 filed with the Commission
(Registration No. 333-188487), as amended and effective at the Effective Time. 
 “Rendezvous Gas” has the
meaning assigned to such term in the recitals. 
 “Rendezvous Gas Agreement” has the meaning set forth in
Section 2.1. 
 “Rendezvous Gas Interest” has the meaning set forth in Section 2.1.

 “Rendezvous Pipeline” has the meaning assigned to such term in the recitals. 

“Rendezvous Pipeline Agreement” has the meaning set forth in Section 2.1. 

“Rendezvous Pipeline Interest” has the meaning set forth in Section 2.1. 

“Structuring Fee” means a fee for certain advisory services equal to 0.50% of the gross proceeds of the sale of Common
Units pursuant to the Underwriting Agreement, including pursuant to any exercise of the Over-Allotment Option. 

“Subordinated Units” means a limited partner interest in the Partnership having the rights and obligations specified
with respect to Subordinated Units in the Partnership Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such
conversion occurs. 

 “Three Rivers” has the meaning assigned to such term in the recitals.

 “Three Rivers Agreement” has the meaning set forth in Section 2.2. 

“Three Rivers Interest” has the meaning set forth in Section 2.2. 

“Treasury Regulation” means the United States Treasury regulations promulgated under the Code. 

“Underwriters” means those underwriters listed on Schedule I to the Underwriting Agreement. 

“Underwriting Agreement” means that certain Underwriting Agreement by and among Wells Fargo Securities, LLC, Morgan
Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as representatives of the Underwriters, the General Partner, the Partnership and OLLC dated as of [ — ], 2013.

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