Document:

Servicing Agreement

 Exhibit 10.6 
 EXECUTION COPY 
  
  
 SERVICING AGREEMENT 
 AMONG 

 NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION, 
 THE BANK OF NEW YORK 
 AS INDENTURE TRUSTEE, 
 NAVISTAR FINANCIAL 2008-A OWNER TRUST, 
 AS ISSUER 
 AND 
 NAVISTAR FINANCIAL CORPORATION, 
 AS SERVICER 
 DATED AS OF APRIL 25, 2008 
  
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page
	 ARTICLE I DEFINITIONS
	  	1
		 	SECTION 1.01	  	Certain Defined Terms	  	1
		
	ARTICLE II ADMINISTRATION AND SERVICING OF RECEIVABLES	  	2
		 	SECTION 2.01	  	Duties of the Servicer	  	2
		 	SECTION 2.02	  	Establishment of Accounts	  	3
		 	SECTION 2.03	  	Collection of Receivables Payments	  	6
		 	SECTION 2.04	  	Realization Upon Liquidating Receivables	  	6
		 	SECTION 2.05	  	Maintenance of Insurance Policies	  	7
		 	SECTION 2.06	  	Maintenance of Security Interests in Vehicles	  	7
		 	SECTION 2.07	  	Covenants of the Servicer	  	7
		 	SECTION 2.08	  	Purchase of Receivables Upon Breach of Covenant	  	7
		 	SECTION 2.09	  	Servicing Fee	  	8
		 	SECTION 2.10	  	Servicer Expenses	  	8
		 	SECTION 2.11	  	Deposits to Collection Account	  	9
		 	SECTION 2.12	  	Collections	  	9
		 	SECTION 2.13	  	Application of Collections	  	9
		 	SECTION 2.14	  	Monthly Advances	  	9
		 	SECTION 2.15	  	Additional Deposits	  	10
		 	SECTION 2.16	  	Net Deposits	  	10
		 	SECTION 2.17	  	Servicer’s Certificate	  	10
		
	ARTICLE III STATEMENTS AND REPORTS	  	11
		 	SECTION 3.01	  	Annual Statement as to Compliance; Notice of Servicer Default; Tax Reports	  	11
		 	SECTION 3.02	  	Annual Accountants’ Report	  	12
		 	SECTION 3.03	  	Access to Certain Documentation and Information Regarding Receivables	  	12
		 	SECTION 3.04	  	Maintenance of Schedule of Retail Notes	  	12
		 	SECTION 3.05	  	Amendments to Schedule of Retail Notes	  	13
		 	SECTION 3.06	  	Maintenance of Systems and Receivables List	  	13
		
	ARTICLE IV THE CUSTODIAN	  	14
		 	SECTION 4.01	  	Custody of Receivable Files	  	14
		 	SECTION 4.02	  	Duties of Servicer as Custodian	  	14
		 	SECTION 4.03	  	Custodian’s Indemnification	  	15
		 	SECTION 4.04	  	Effective Period and Termination	  	15
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE SERVICER	  	16
		 	SECTION 5.01	  	Representations and Warranties of the Servicer	  	16
		
	ARTICLE VI THE SERVICER	  	17

  

 - i - 

							
		 	 SECTION 6.01
	  	Merger or Consolidation of, or Assumption of the Obligations of, the Servicer	  	17
		 	 SECTION 6.02
	  	Limitation on Liability of Servicer and Others	  	17
		 	 SECTION 6.03
	  	Delegation of Duties	  	18
		 	 SECTION 6.04
	  	Servicer not to Resign	  	18
		 	 SECTION 6.05
	  	Servicer Indemnification	  	18
		 	 SECTION 6.06
	  	Backup Servicer	  	20
		
	ARTICLE VII DEFAULT	  	20
		 	 SECTION 7.01
	  	Servicer Defaults	  	20
		 	 SECTION 7.02
	  	Consequences of a Servicer Default	  	21
		 	 SECTION 7.03
	  	Indenture Trustee to Act; Appointment of Successor	  	21
		 	 SECTION 7.04
	  	Notification to Securityholders	  	22
		 	 SECTION 7.05
	  	Repayment of Advances	  	22
		 	 SECTION 7.06
	  	Waiver of Past Defaults	  	22
		
	ARTICLE VIII MISCELLANEOUS	  	23
		 	 SECTION 8.01
	  	Amendment	  	23
		 	 SECTION 8.02
	  	Termination	  	23
		 	 SECTION 8.03
	  	Notices	  	23
		 	 SECTION 8.04
	  	Governing Law	  	23
		 	 SECTION 8.05
	  	Severability	  	23
		 	 SECTION 8.06
	  	Assignment	  	24
		 	 SECTION 8.07
	  	Successors and Assigns	  	24
		 	 SECTION 8.08
	  	Counterparts	  	24
		 	 SECTION 8.09
	  	Headings and Cross-References	  	24
		 	 SECTION 8.10
	  	No Petition Covenants	  	24
		 	 SECTION 8.11
	  	Limitation of Liability of the Trustees.	  	24
		 	 SECTION 8.12
	  	MUTUAL WAIVER OF JURY TRIAL	  	25

 EXHIBIT A Minimum Servicing Standards 
 EXHIBIT B Form of Servicer’s Certificate 
  

 - ii - 

 SERVICING AGREEMENT 
 SERVICING AGREEMENT, dated as of April 25, 2008 (as it may be further amended, supplemented or modified, this “Agreement”), among Navistar Financial Retail Receivables Corporation, a Delaware
corporation (“NFRRC”), Navistar Financial 2008-A Owner Trust, a Delaware statutory trust (the “Issuer”), Navistar Financial Corporation, a Delaware corporation (hereinafter, together with its successors and assigns,
“NFC” or, in its capacity as servicer hereunder, the “Servicer”), and The Bank of New York, a New York banking corporation, acting in its capacity as Indenture Trustee pursuant to the Indenture (the
“Indenture Trustee”). 
 R E C I T A L S: 
 WHEREAS, NFRRC and NFC are parties to the Purchase Agreement, pursuant to which NFRRC will purchase the Receivables and the Related Security with respect
thereto from NFC; 
 WHEREAS, the Issuer will issue Notes pursuant to the Indenture between the Issuer and the Indenture Trustee, and
exchange the Notes and the Certificates for the Receivables and the Related Security with respect thereto transferred from NFRRC pursuant to the Pooling Agreement; 
 WHEREAS, the Servicer desires to perform the servicing obligations set forth herein relating to the Receivables and the Related Security owned by the Issuer for and in consideration of the fees and other benefits set
forth in this Agreement; and 
 WHEREAS, the parties wish to set forth the terms and conditions upon which the Receivables are to be serviced
by the Servicer. 
 NOW, THEREFORE, in consideration of the foregoing, the other good and valuable consideration and the mutual terms and
covenants contained herein, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.01 Certain Defined Terms. Capitalized terms used
in the above recitals and in this Agreement shall have the respective meanings assigned them in Part I of Appendix A to the Pooling Agreement dated as of the date hereof between the Issuer and NFRRC (as it may be amended, supplemented or
modified from time to time) unless otherwise defined herein. The rules of construction set forth in Part II of Appendix A to the Pooling Agreement shall be applicable to this Agreement. 

 ARTICLE II 
 ADMINISTRATION AND SERVICING OF RECEIVABLES 
 SECTION 2.01 Duties of the Servicer. The
Servicer is hereby appointed and authorized to act as a contractor of the Owner and the Indenture Trustee with respect to servicing the Receivables and in such capacity shall manage, service, administer and make collections on the Receivables with
reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable medium and heavy duty truck, truck chassis, bus and trailer receivables that it services for itself or others. The Servicer hereby
accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth herein. The Servicer’s duties with respect to all Receivables shall include collection and posting of all
payments, responding to inquiries of Obligors on the Receivables, investigating delinquencies, sending payment coupons to Obligors, reporting tax information to Obligors, policing the collateral securing the Receivables, accounting for collections
with respect thereto and performing the other duties specified herein. Subject to the provisions of Section 2.02, the Servicer shall follow its customary standards, policies and procedures and shall have full power and authority, acting
alone, to do any and all things in connection with such managing, servicing, administration and collection that it may deem necessary or desirable. 
 Without limiting the generality of the foregoing, the Servicer is hereby authorized and empowered by the Owner and the Indenture Trustee pursuant to this Section 2.01, to execute and deliver any and all instruments of
satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables and the related Financed Vehicles. The Servicer is hereby authorized to commence in the name of the Owner
or, to the extent necessary, in its own name, a legal proceeding to enforce a Liquidating Receivable as contemplated by Section 2.04, and to commence or participate in any legal proceeding (including a bankruptcy proceeding) relating to
or involving a Receivable (including a Liquidating Receivable). If the Servicer commences or participates in any such legal proceeding in its own name, the Owner thereupon shall be deemed to have automatically assigned such Receivable to the
Servicer solely for purposes of commencing and participating in any such proceeding as a party or claimant, and the Servicer is hereby authorized and empowered by the Owner, to execute and deliver in the Servicer’s name any notices, demands,
claims, complaints, responses, affidavits or other documents or instruments in connection with any such proceeding. If in any proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is not a real party in interest
or a holder entitled to enforce the Receivable, the Owner shall, at the Servicer’s expense and written directions, take such reasonable steps as the Servicer reasonably deems necessary to enforce the Receivable, including bringing suit in the
name of such Person. The Owner, upon the written request of the Servicer, shall furnish the Servicer with any powers of attorney and other documents and take any other steps which the Servicer may reasonably deem necessary or appropriate to enable
the Servicer to carry out its servicing and administrative duties under this Agreement and the other Basic Documents. Except to the extent required by the preceding three sentences, the authority and rights granted to the Servicer in this
Section 2.01 shall be nonexclusive and shall not be construed to be in derogation of any equivalent authority and rights of the Owner. 
  

 - 2 - 

 SECTION 2.02 Establishment of Accounts. 
 (a) (i) The Servicer, for the benefit of the Financial Parties (including the Swap Counterparty), shall establish and maintain in the name of the
Indenture Trustee an Eligible Deposit Account known as the Navistar Financial 2008-A Owner Trust Collection Account (the “Collection Account”), bearing an additional designation clearly indicating that the funds deposited therein
are held for the benefit of the Financial Parties. 
 (i) The Servicer, for the benefit of the Noteholders, shall establish and maintain in
the name of the Indenture Trustee an Eligible Deposit Account known as the Navistar Financial 2008-A Owner Trust Note Distribution Account (the “Note Distribution Account”), bearing an additional designation clearly
indicating that the funds deposited therein are held for the benefit of the Noteholders. 
 (ii) Pursuant to the Trust Agreement, the
Servicer, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account known as the Navistar Financial 2008-A Owner Trust Certificate Distribution Account (the “Certificate
Distribution Account”), bearing an additional designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. 
 (b) (i) Each of the Designated Accounts shall be initially established with the Indenture Trustee and shall be maintained with the Indenture Trustee so long as (A) the short-term unsecured debt obligations of the
Indenture Trustee have the Required Deposit Rating or (B) each of the Designated Accounts qualifies as an Eligible Deposit Account. All amounts held in such accounts (including amounts, if any, which the Servicer is required to remit daily to
the Collection Account pursuant to Section 2.11) shall, to the extent permitted by applicable laws, rules and regulations, be invested, at the written direction of the Servicer, by such bank or trust company in Eligible Investments;
provided, that funds in the Collection Account in an amount not in excess of 20% of the Aggregate Receivables Balance as of the preceding Accounting Date may be invested in investments which have a rating from S&P of “A-1” rather than
“A-1+,” if such investments otherwise constitute Eligible Investments. Such written direction shall constitute certification by the Servicer that any such investment is authorized by this Section 2.02. Investments in Eligible
Investments shall be made in the name of the Indenture Trustee or its nominee, and such investments shall not be sold or disposed of prior to their maturity. Should the short-term unsecured debt obligations of the Indenture Trustee (or any other
bank or trust company with which the Designated Accounts are maintained) no longer have the Required Deposit Rating, then the Servicer shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, without consent of the Agent
with respect thereto), with the Indenture Trustee’s assistance as necessary, cause the Designated Accounts (A) to be moved to a bank or trust company, the short-term unsecured debt obligations of which shall have the Required Deposit
Rating, or (B) to be moved to an Eligible Deposit Account. Investment Earnings on funds deposited in the Designated Accounts shall be deposited into the Collection Account for distribution in accordance with Section 8.2 of the
Indenture. The Indenture Trustee or the other Person holding the Designated Accounts as provided in this Section 2.02(b)(i) shall be the “Securities Intermediary.” If the Securities Intermediary shall be a Person other
than the 

  

 - 3 - 

 
Indenture Trustee, the Servicer shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this
Section 2.02. 
 (i) With respect to the Designated Account Property, the Securities Intermediary agrees, by its acceptance
hereof, that: 
 (A) The Designated Accounts are accounts to which Financial Assets will be credited. 
 (B) All securities or other property underlying any Financial Assets credited to the Designated Accounts shall be registered in the name
of the Securities Intermediary, indorsed to the Securities Intermediary or in blank or credited to another securities account maintained in the name of the Securities Intermediary and in no case will any Financial Asset credited to any of the
Designated Accounts be registered in the name of the Issuer, the Servicer or the Seller, payable to the order of the Issuer, the Servicer or the Seller or specially endorsed to the Issuer, the Servicer or the Seller except to the extent the
foregoing have been specially indorsed to the Securities Intermediary or in blank. 
 (C) All property delivered to the
Securities Intermediary pursuant to this Agreement will be promptly credited to the appropriate Designated Account. 
 (D)
Each item of property (whether investment property, Financial Asset, security, instrument or cash) credited to a Designated Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the New York UCC.

 (E) If at any time the Securities Intermediary shall receive any order from the Indenture Trustee directing transfer or
redemption of any Financial Asset relating to the Designated Accounts, the Securities Intermediary shall comply with such entitlement order without further consent by the Issuer, the Servicer, the Seller or any other Person. 
 (F) The Designated Accounts shall be governed by the laws of the State of New York, regardless of any provision in any other agreement.
For purposes of the UCC, New York shall be deemed to be the Securities Intermediary’s jurisdiction and the Designated Accounts (as well as the Securities Entitlements related thereto) shall be governed by the laws of the State of New York.

 (G) The Securities Intermediary has not entered into, and until the termination of this Agreement will not enter into, any
agreement with any other person relating to the Designated Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with entitlement orders (as defined in Section 8-102(a)(8) of the New York UCC) of such
other person and the Securities Intermediary has not entered into, and until the termination of this Agreement will not enter into, any agreement with the Issuer, the Seller, the 

  

 - 4 - 

 
Servicer, the Indenture Trustee or the Swap Counterparty purporting to limit or condition the obligation of the Securities Intermediary to comply with
entitlement orders as set forth in Section 2.02(b)(ii)(E). 
 (H) Except for the claims and interest of the
Indenture Trustee and of the Issuer in the Designated Accounts, the Securities Intermediary knows of no claim to, or interest in, the Designated Accounts or in any Financial Asset credited thereto. If any other person asserts any lien, encumbrance
or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against the Designated Accounts or in any Financial Asset carried therein, the Securities Intermediary will promptly notify the
Indenture Trustee, the Servicer, the Agent, the Swap Counterparty and the Issuer thereof. 
 (I) The Securities Intermediary
will promptly send copies of all statements, confirmations and other correspondence concerning the Designated Accounts and/or any Designated Account Property simultaneously to each of the Servicer, the Indenture Trustee and the Agent at the
addresses set forth in Appendix B to the Pooling Agreement. 
 (ii) The Servicer shall have the power, revocable by the Indenture
Trustee (or by the Issuer with the consent of the Indenture Trustee) to instruct the Indenture Trustee to make withdrawals and payments from the Designated Accounts for the purpose of permitting the Servicer or the Issuer to carry out its respective
duties hereunder or permitting the Indenture Trustee to carry out its duties under the Indenture. 
 (iii) The Indenture Trustee shall
possess all right, title and interest in and to all funds on deposit from time to time in the Designated Accounts and in all proceeds thereof. Except as otherwise provided herein or in the Indenture, the Designated Accounts shall be under the sole
dominion and control of the Indenture Trustee for the benefit of the Financial Parties (including the Swap Counterparty). 
 (iv) The
Servicer shall not direct the Indenture Trustee to make any investment of any funds or to sell any investment held in any of the Designated Accounts unless the security interest granted and perfected in such account shall continue to be perfected in
such investment or the proceeds of such sale, in either case without any further action by any Person, and, in connection with any direction to the Indenture Trustee to make any such investment or sale, if requested by the Indenture Trustee, the
Servicer shall deliver to the Indenture Trustee an Opinion of Counsel, acceptable to the Indenture Trustee, to such effect. 
 (c) Pursuant
to the Trust Agreement, the Issuer shall possess all right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise provided herein or in the Trust
Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Issuer for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the
Servicer shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which the Certificateholders may consent) establish 

  

 - 5 - 

 
a new Certificate Distribution Account as an Eligible Deposit Account and shall cause the Issuer to transfer any cash and/or any investments in the old
Certificate Distribution Account to such new Certificate Distribution Account. 
 (d) The Indenture Trustee, the Issuer, the Securities
Intermediary and each other Eligible Deposit Institution with whom a Designated Account or the Certificate Distribution Account is maintained waives any right of set-off, counterclaim, security interest or bankers’ lien to which it might
otherwise be entitled. 
 SECTION 2.03 Collection of Receivables Payments. The Servicer shall make reasonable efforts to collect all
payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection practices, policies and procedures as it follows with respect to comparable medium and heavy duty truck,
truck chassis, bus and trailer receivables that it services for itself or others. Except as provided in Section 2.07(c), the Servicer is hereby authorized to grant extensions, rebates or adjustments on a Receivable without the prior
consent of the Owner of such Receivable and to rewrite, in the ordinary course of its business, a Receivable to reflect the Full Prepayment of a Receivable with respect to any related Financed Vehicle without the prior consent of the Owner of such
Receivable. The Servicer is authorized in its discretion to waive any prepayment charge, late payment charge or any other fees that may be collected in the ordinary course of servicing such Receivable. Subject to Section 2.13 of this
Agreement, the Servicer shall allocate payments on Receivables between principal and interest in accordance with the customary servicing procedures it follows with respect to all comparable medium and heavy duty truck, truck chassis, bus and trailer
receivables that it services for itself or others. 
 SECTION 2.04 Realization Upon Liquidating Receivables. 
 (a) The Servicer shall use commercially reasonable efforts, consistent with its customary servicing procedures, to repossess or otherwise comparably
convert the ownership or otherwise take possession of each Financed Vehicle that it has reasonably determined should be repossessed or otherwise converted following a default under the Receivable secured by or relating to each such Financed Vehicle.
The Servicer is authorized to follow such practices, policies and procedures as it shall deem necessary or advisable and as shall be customary and usual in its servicing of medium and heavy duty truck, truck chassis, bus and trailer receivables that
it services for itself or others, which practices, policies and procedures may include reasonable efforts to realize upon or obtain benefits of any proceeds from any Dealer Liability, proceeds from any International Purchase Obligations, proceeds
from any Insurance Policies and proceeds from any Guaranties, in each case with respect to the Receivables, selling the related Financed Vehicle or Vehicles at public or private sale or sales and other actions by the Servicer in order to realize
upon any Receivable. The foregoing is subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with any repair or towards the repossession of such Financed
Vehicle unless it shall determine in its discretion that such repair or repossession shall increase the proceeds of liquidation of the related Receivable by an amount greater than or equal to the amount of such expenses. The Servicer shall be
entitled to receive Liquidation Expenses with respect to each Liquidating Receivable at such time as the Receivable becomes a Liquidating Receivable in accordance with Section 8.2(b)(i) of the Indenture. 
  

 - 6 - 

 (b) The Servicer shall pay all costs, expenses and liabilities incurred by it in connection with any
action taken in respect of a Financed Vehicle; provided, however, that it shall be entitled to reimbursement of such costs and expenses to the extent they constitute Liquidation Expenses or expenses recoverable under an applicable
Insurance Policy. 
 SECTION 2.05 Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary servicing
procedures, require that each Obligor under a Receivable shall have obtained physical damage insurance covering each Financed Vehicle as of the execution of such Receivable, unless the Servicer has in accordance with its customary procedures
permitted an Obligor to self-insure the Financed Vehicle or Financed Vehicles securing such Receivable. The Servicer shall, in accordance with its customary servicing procedures, monitor such physical damage insurance with respect to each Financed
Vehicle that secures or is related to each Receivable. 
 SECTION 2.06 Maintenance of Security Interests in Vehicles. The Servicer
shall, in accordance with its customary servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by a Receivable in the related Financed Vehicle or Financed
Vehicles. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interests as necessary because of the relocation of a Financed Vehicle or for any other reason. 
 SECTION 2.07 Covenants of the Servicer. The Servicer hereby makes the following covenants on which the Issuer is relying in acquiring the
Receivables under the Pooling Agreement and issuing the Securities under the Further Transfer and Servicing Agreements: 
 (a) except as
contemplated by the other Basic Documents, the Servicer shall not release any Financed Vehicle from the security or ownership interest securing the related Receivable; 
 (b) the Servicer shall do nothing to impair the rights of NFRRC, the Issuer, the Securityholders or the Indenture Trustee in and to such Receivables; 
 (c) the Servicer shall not amend or otherwise modify any Receivable such that the Starting Receivable Balance, the Annual Percentage Rate or the total
number of Scheduled Payments is altered or such that the final scheduled payment on such Receivable will be due any later than March 31, 2015; and 
 (d) other than solely for the purpose of collecting or enforcing the Receivables for the benefit of the Owner, (i) the Servicer shall not at any time have or in any way attempt to assert any interest in any
Receivables or Related Assets or records related to the Collateral and (ii) the entire legal and equitable interest of the Owner of a Receivable in such Receivable and the Related Assets shall at all times be vested in such Owner. 

SECTION 2.08 Purchase of Receivables Upon Breach of Covenant. 
 (a) Upon discovery by the Servicer or any of the Interested Parties of a breach of any of the covenants set forth in Sections 2.06 and 2.07 with respect to any Receivable, the 

  

 - 7 - 

 
party discovering such breach shall give prompt written notice thereof to the others. As of the second Accounting Date (or, at the Servicer’s election,
the first Accounting Date) following notice to or discovery by the Servicer of a breach of any covenant of the Servicer that materially and adversely affects any Receivable, unless such breach is cured in all material respects, the Servicer shall,
with respect to such Receivable (an “Administrative Receivable”) purchase such Administrative Receivable from the Issuer at a price equal to the Administrative Purchase Payment. The Servicer shall pay the Administrative Purchase
Payment as described in Section 2.11. 
 It is understood and agreed that the obligation of the Servicer to purchase any
Receivable with respect to which such a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against the Servicer for such breach available to any Interested Party for any such uncured breach.

 (b) Upon receipt of the Administrative Purchase Payment with respect to a Receivable which is an Administrative Receivable, the applicable
Owner shall assign, without recourse, representation or warranty, to the Servicer (and shall take such other actions as the Servicer may reasonably request in writing to perfect or confirm such assignment) all of such Person’s right, title and
interest in, to and under (i) such Administrative Receivable and all monies due thereon and (ii) all Related Security with respect to such Administrative Receivable, such assignment being an assignment outright and not for security. Upon
the assignment of such Administrative Receivable described in the preceding sentence, the Servicer shall own such Administrative Receivable, and all such Related Security, free of any further obligations to such Person with respect thereto.

 SECTION 2.09 Servicing Fee. In consideration for its services hereunder and as compensation for expenses paid as contemplated by
Section 2.10, the Servicer shall be entitled to receive on each Distribution Date a servicing fee (the “Basic Servicing Fee”) for the related Monthly Period equal to one-twelfth of 1% (the “Basic Servicing Fee
Rate”) multiplied by the Aggregate Receivables Balance as of the last day of the preceding Monthly Period. On each Distribution Date, the Servicer will be paid the Basic Servicing Fee and any unpaid Basic Servicing Fees from all prior
Distribution Dates (collectively, the “Total Servicing Fee”) pursuant to Section 8.2(c) of the Indenture to the extent of funds available therefor. In addition, the Servicer will be entitled to receive any late fees,
prepayment charges or certain similar fees and charges collected during a Monthly Period (the “Supplemental Servicing Fee”). The Servicer shall retain all Supplemental Servicing Fees and shall not be obligated to deposit them into
the Collection Account. 
 SECTION 2.10 Servicer Expenses. The Servicer shall be required to pay all expenses incurred by it in
connection with its activities hereunder, including fees and disbursements of the Issuer, any trustees and independent accountants, taxes imposed on the Servicer and expenses incurred in connection with distributions and reports and all other fees
and expenses not expressly stated under this Agreement to be for the account of the Interested Parties, but excluding federal, state and local income taxes, if any, of the Issuer or any Securityholder. 
  

 - 8 - 

 SECTION 2.11 Deposits to Collection Account. The Servicer shall remit to the Indenture Trustee for
deposit to the Collection Account all Collections it receives during each Monthly Period within two Business Days after receipt thereof; provided, however, that if the Servicer receives Collections from an unidentified source, then
Servicer shall remit such Collections within two Business Days after identification thereof. However, Collections received during the period from the Cutoff Date to the Closing Date shall be deposited to the Collection Account within 48 hours after
the Closing Date. The Servicer shall remit to the Indenture Trustee for deposit (in immediately available funds) in the Collection Account the aggregate Administrative Purchase Payments with respect to Administrative Receivables to be purchased as
of the last day of any Monthly Period on the Business Day immediately preceding the immediately succeeding Distribution Date. 
 SECTION 2.12
Collections. In the event that: 
 (a) NFC is the Servicer, 
 (b) a Servicer Default shall not have occurred and be continuing, and 
 (c) the short-term unsecured debt of the Servicer is rated at least A-1 by S&P and P-1 by Moody’s, 
 then, the
Servicer shall not be required to deposit Collections into the Collection Account until the Business Day preceding the Distribution Date following the Monthly Period during which such Collections were received. Pending deposit into the Collection
Account, Collections may be employed by the Servicer at its own risk and for its own benefit and will not be segregated from its own funds. 
 SECTION 2.13 Application of Collections. For the purposes of this Agreement, all Collections for the related Monthly Period with respect to each Receivable shall be applied by the Servicer as follows: 
 (a) all payments by or on behalf of the Obligor or other collections on a Receivable (including Warranty Payments and Administrative Purchase Payments but
excluding Supplemental Servicing Fees) shall be applied (i) first to reduce Outstanding Monthly Advances, if any, with respect to such Receivable, (ii) second, to the Scheduled Payment on such Receivable for such Monthly
Period, and (iii) third, the remainder shall constitute, with respect to such Receivable, a Full Prepayment or Partial Prepayment; and 
 (b) a Partial Prepayment made on a Receivable is applied to reduce the final Scheduled Payment and will thereafter, to the extent the Partial Prepayment exceeds the final Scheduled Payment, reduce Scheduled Payments in reverse chronological
order beginning with the penultimate Scheduled Payment. The Rebate related to such Partial Prepayment will reduce the final Scheduled Payment and will thereafter, to the extent the Rebate exceeds the final Scheduled Payment, reduce Scheduled
Payments in reverse chronological order beginning with the penultimate Scheduled Payment. 
 SECTION 2.14 Monthly Advances. Subject to
the following sentence, as of each Accounting Date, if the payments received by the Servicer during the related Monthly Period by 

  

 - 9 - 

 
or on behalf of the Obligor on a Receivable (other than an Administrative Receivable, a Warranty Receivable or a Liquidating Receivable) after application of
such payments under Section 2.13(a) shall be less than the Scheduled Payment on such Receivable for such Monthly Period, whether as a result of any extension granted to the Obligor or otherwise, then the Servicer shall advance any such
shortfall (such amount, a “Monthly Advance”). The Servicer shall be obligated to make a Monthly Advance in respect of a Receivable only to the extent that the Servicer, in its sole discretion, shall determine that such advance shall
be recoverable (in accordance with the two immediately following sentences) from subsequent collections or recoveries on such Receivable. Subject to Section 8.2 of the Indenture, the Servicer shall be reimbursed for unreimbursed
Outstanding Monthly Advances with respect to a Receivable from the following sources with respect to such Receivable, in each case as set forth in this Agreement; (i) subsequent payments by or on behalf of the Obligor, (ii) Liquidation
Proceeds, (iii) the Administrative Purchase Payment, together with the amount of any Monthly Advance released pursuant to the definition thereof, and (iv) the Warranty Payment. At such time as the Servicer shall determine that Outstanding
Monthly Advances with respect to any Receivable shall not be recoverable from payments with respect to such Receivable, the Servicer shall be reimbursed from any Collections made on other Receivables. 
 SECTION 2.15 Additional Deposits. The Servicer shall deposit in the Collection Account the aggregate Monthly Advances pursuant to
Section 2.14. The Servicer and the Warranty Purchaser shall deposit in the Collection Account the aggregate Administrative Purchase Payments and Warranty Payments with respect to Administrative Receivables and Warranty Receivables,
respectively. All such deposits with respect to a Monthly Period shall be made in immediately available funds on the Transfer Date with respect to the Distribution Date related to such Monthly Period. 
 SECTION 2.16 Net Deposits. At any time that (i) NFC shall be the Servicer and (ii) the Servicer shall be permitted by
Section 2.12 of this Agreement to remit collections on a basis other than a daily basis, the Indenture Trustee at the written request of the Servicer may make any remittances pursuant to this Article II of this Agreement or
Article VIII of the Indenture net of amounts to be distributed by the Indenture Trustee to such remitting party. Nonetheless, each such party shall account for all of the above described remittances and distributions as if the amounts were
deposited and/or transferred separately. 
 SECTION 2.17 Servicer’s Certificate 
 (a) Not later than 10:00 a.m. (Chicago, Illinois time) on each Determination Date, the Servicer shall deliver to each Trustee, the Swap Counterparty and
the Agent a Servicer’s Certificate with respect to the immediately preceding Monthly Period in substantially the form attached hereto as Exhibit B executed by the President or any Vice President of the Servicer containing all information
necessary to each such party for making the calculations, withdrawals, deposits, transfers and distributions required by Sections 8.2 and 8.10 of the Indenture, and all information required to be provided to the Interested Parties
under Section 8.8 of the Indenture. Receivables to be purchased by the Servicer under Section 2.08 hereof, by NFC pursuant to Section 5.04 of the Purchase Agreement or by NFRRC under Section 2.06 of
the Pooling Agreement as of the last day of any Monthly Period shall be identified by Receivable number with respect to Retail Notes (in each case, as set forth in the Schedule of Retail Notes). 
  

 - 10 - 

 
With respect to any Receivables for which the Seller is the Owner, the Servicer shall deliver to the Seller such accountings relating to such Receivables and
the actions of the Servicer with respect thereto as the Seller may reasonably request. 
 (b) On or before each Determination Date, with
respect to the preceding Monthly Period and the related Distribution Date, the Servicer shall calculate the Collected Amount, the Total Available Amount, the Total Servicing Fee, the Noteholders’ Interest Distributable Amount (based on
information provided by the Agent) the net amount, if any, payable by or to the Trust under the Interest Rate Swap (including the amount of any termination payments and the amount of any payments that are not termination payments), the Principal
Distribution Amount and all other amounts required to determine the amounts to be deposited in or paid from each of the Collection Account, the Note Distribution Account, and the Certificate Distribution Account on the next succeeding Distribution
Date (or, in the case of payments due under the Interest Rate Swap, if any, on the Business Day preceding the Distribution Date) and supply such information to the Issuer and the Indenture Trustee. 
 (c) On the Closing Date (with respect to the remainder of calendar year 2008) and thereafter, within 15 days prior to the end of each calendar year while
this Agreement remains in effect (with respect to the next succeeding calendar year), the Servicer shall deliver to either the Indenture Trustee or the Owner Trustee, following receipt of a written request, an Officers’ Certificate specifying
the days on which banking institutions in Chicago, Illinois are authorized or obligated by law or executive order to be closed. 
 ARTICLE
III 
 STATEMENTS AND REPORTS 
 SECTION 3.01 Annual Statement as to Compliance; Notice of Servicer Default; Tax Reports. 
 (a) The Servicer shall deliver to
the Issuer, the Indenture Trustee, the Agent and the Swap Counterparty, on or before February 1 of each following year, beginning February 1, 2009 an officer’s certificate signed by the Chairman of the Board, Vice Chairman of the
Board, the President or any Vice President of the Servicer, dated as of the immediately preceding October 31, stating that (i) a review of the activities of the Servicer during the Servicer’s immediately preceding fiscal year (or,
with respect to the first such certificate, such period as shall have elapsed from the Closing Date to the last day of the Servicer’s immediately preceding fiscal year) and of its performance under this Agreement has been made under such
officer’s supervision, and (ii) to such officer’s knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such period, or, if there has been a default in the fulfillment of any
such obligation, specifying each such default known to such officer and the nature and status thereof. A copy of such certificate may be obtained by any Noteholder or Certificateholder by a request in writing to the Indenture Trustee or Issuer,
respectively, addressed to the Corporate Trust Office of the Indenture Trustee or the Owner Trustee, respectively. 
 (b) The Servicer shall
deliver to the Issuer, each Trustee, and the Agent, promptly after having obtained knowledge thereof, but in no event later than five Business Days 

  

 - 11 - 

 
thereafter, written notice in an Officer’s Certificate of any Servicer Default under Section 7.01 or event which with the giving of notice
or lapse of time, or both, would become a Servicer Default under Section 7.01. 
 (c) The Servicer shall prepare and deliver to
the Issuer and the Indenture Trustee the annual report described in Section 8.8(b) of the Indenture. 
 SECTION 3.02 Annual
Accountants’ Report. 
 (a) The Servicer shall cause a firm of independent accountants, who may also render other services to the
Servicer or NFRRC, to deliver to the Issuer, the Swap Counterparty, each Trustee and the Agent, (i) on or before February 1 of each following year, beginning with February 1, 2009, with respect to the Servicer’s immediately
preceding fiscal year (or, with respect to the first such report, such period as shall have elapsed from the Closing Date to the last day of the Servicer’s immediately preceding fiscal year), a copy of the report (the “Accountants’
Report”) addressed to the board of directors of the Servicer, the Issuer, and to each Trustee to the effect that such firm has audited the financial statements of the Servicer and issued its report thereon and that such audit was made in
accordance with generally accepted auditing standards and (ii) on or before March 1 of each following year, beginning with March 1, 2009, with respect to the Servicer’s immediately preceding fiscal year (or, with respect to the
first such date, such period as shall have elapsed from the Closing Date to the last day of the Servicer’s immediately preceding fiscal year), a copy of the agreed-upon procedures letter relating to the receivables serviced by NFC for others,
which letter may also relate to the Receivables, in accordance with the requirements of the Minimum Servicing Standards set forth in Exhibit A hereto. 
 (b) The same firm of independent accountants shall have certified to NFRRC that such firm is independent of NFRRC and the Servicer within the meaning of the Code of Professional Ethics of the American Institute of
Certified Public Accountants. 
 (c) A copy of the Accountant’s Report may be obtained by any Noteholder or Certificateholder by a
request in writing to the Indenture Trustee or the Issuer, addressed to the Corporate Trust Office of the Indenture Trustee or the Owner Trustee, respectively. 
 SECTION 3.03 Access to Certain Documentation and Information Regarding Receivables. The Servicer shall provide to the Issuer, each Trustee, the Agent and Securityholders reasonable access to the Servicer’s
records regarding the Receivables owned by the Issuer. Except as provided in any other Basic Document, the Servicer shall provide such access to any Securityholder only in such cases where a Securityholder is required by applicable statutes or
regulations to review such documentation. In each case, such access shall be afforded without charge but only upon reasonable request and during normal business hours at offices of the Servicer designated by the Servicer. Nothing in this
Section 3.03 shall derogate from the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding Obligors, and the failure of the Servicer to provide access as provided in this
Section 3.03 as a result of such obligation shall not constitute a breach of this Section 3.03. 
 SECTION 3.04
Maintenance of Schedule of Retail Notes. The Servicer shall maintain at all times a current schedule of Retail Notes (the “Schedule of Retail Notes”) which 

  

 - 12 - 

 
shall list separately all Retail Notes which are owned by the Issuer. The Schedule of Retail Notes shall be updated to reflect all sales of Receivables as a
result of a Receivable becoming a Warranty Receivable or an Administrative Receivable. The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and the Agent an updated Schedule of Retail Notes on or before each Distribution Date.

 SECTION 3.05 Amendments to Schedule of Retail Notes. If the Servicer, during a Monthly Period, assigns to a Receivable an account
number that differs from the account number previously identifying such Receivable on the Schedule of Retail Notes, the Servicer shall amend the Schedule of Retail Notes to report the newly assigned account number. Each Schedule of Retail Notes
delivered on a Distribution Date pursuant to Section 3.04 shall list all new account numbers assigned to Receivables during such Monthly Period and shall show by cross reference the prior account numbers identifying such Receivables on
the previously distributed Schedule of Retail Notes. 
 SECTION 3.06 Maintenance of Systems and Receivables List. 
 (a) The Servicer shall maintain accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to
know the status of such Receivable, including payments and recoveries made and payments owing (and the nature of each) and extensions of any scheduled payments made not less than 45 days prior thereto, and (ii) reconciliation between payments
or recoveries on (or with respect to) each Receivable and the amounts from time to time deposited in the Collection Account with respect to such Receivable. 
 (b) The Servicer shall maintain its computer systems so that the Servicer’s master computer records (including any backup archives) that refer to any Receivable shall indicate clearly that the Receivable is owned
by the Issuer and that such Receivable has been pledged by the Issuer to the Indenture Trustee. Indication of the Issuer’s and the Indenture Trustee’s interest in a Receivable shall be deleted from or modified on the Servicer’s
computer systems when, and only when, the Receivable shall have been paid in full, repurchased by NFC, purchased by the Servicer or become a Liquidating Receivable as to which the Servicer has discontinued pursuing remedies with respect to
collection in accordance with its customary servicing procedures, and such Receivable is deleted from the Servicer’s computer systems. 
 (c) If at any time the Servicer shall propose to sell, grant a security interest in, or otherwise transfer any interest in truck, truck chassis, bus or trailer receivables to any prospective purchaser, lender or other transferee, the
Servicer shall give to such prospective purchaser, lender or other transferee, computer tapes, records or printouts (including any of those restored from backup archives) that, if they refer in any manner whatsoever to any Receivable, indicate
clearly that such Receivable has been sold and is owned by the Issuer and has been pledged to the Indenture Trustee unless such Receivable has been paid in full, repurchased by Navistar Financial or purchased by the Servicer. 
 (d) The Servicer will furnish to the Issuer, the Indenture Trustee and the Agent at any time upon request a list of all Receivables then held as part of
the Owner Trust Estate, together with a reconciliation of such list to the Schedule of Retail Notes and to each of 

  

 - 13 - 

 
the Servicer’s Certificates furnished before such request indicating removal of Receivables from the Owner Trust Estate. Upon request, the Servicer
shall furnish a copy of any such list to the Seller. 
 (e) The Servicer shall prepare and file such financing statements and cause to be
prepared and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Issuer under the Pooling Agreement in the Receivables, the Related
Security and other property conveyed thereunder (to the extent such property constitutes Code Collateral) and the Indenture Trustee’s security interest in the Receivables, the Related Security and other Collateral (to the extent such Collateral
is Code Collateral). The Servicer shall deliver (or cause to be delivered) to the Indenture Trustee and the Agent file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

 ARTICLE IV 
 THE
CUSTODIAN 
 SECTION 4.01 Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce
administrative costs, the Owner of each Receivable and the Indenture Trustee hereby appoint the Servicer, and the Servicer hereby accepts such appointment, to act as contractor of the Owner of each Receivable and the Indenture Trustee (for the
benefit of the Financial Parties) as custodian to maintain custody of the following documents or instruments with respect to such Receivable (as to each Receivable, the “Receivable File”), which will be hereby constructively
delivered to the Owner of the related Receivable and the Indenture Trustee: 
 (a) the fully executed original of the Retail Note; 

(b) documents evidencing or related to any related Insurance Policy; 
 (c) a copy of the credit application of each Obligor, fully executed by each such Obligor on NFC’s customary form, or on a form approved by NFC, for such application; 
 (d) where permitted by law, the original Certificate of Title (when received) and otherwise such documents, if any, that NFC keeps on file in accordance
with its customary procedures indicating that the Financed Vehicle is owned by the Obligor and subject to the interest of NFC as first lienholder or secured party; and 
 (e) any and all other documents that NFC keeps on file in accordance with its customary procedures relating to the individual Receivable, Obligor or Financed Vehicle. 
 SECTION 4.02 Duties of Servicer as Custodian. 
 (a) The Servicer shall hold each Receivable File for the benefit of the Owner of the related Receivable and the Indenture Trustee (for the benefit of the Financial Parties) and maintain such accurate and complete accounts, records and
computer systems pertaining to each Receivable File as shall enable NFRRC, the Issuer and the Indenture Trustee to comply with their respective obligations under the Purchase Agreement and the Further Transfer and Servicing Agreements. Each
Receivable shall be identified as such on the books and records of the Servicer to the extent the Servicer reasonably determines to be necessary to comply with the terms and conditions of the Purchase Agreement and, if applicable, the Further
Transfer and 

  

 - 14 - 

 
Servicing Agreements. In performing its duties as custodian, the Servicer shall act with reasonable care, using that degree of skill and attention that the
Servicer exercises with respect to the receivable files relating to comparable truck, truck chassis, bus and trailer receivables that the Servicer services and holds for itself or others. The Servicer shall conduct, or cause to be conducted,
periodic physical inspections of the Receivable Files held by it under this Agreement, and of the related accounts, records and computer systems, in such manner as shall enable the Owner Trustee and the Indenture Trustee to verify the accuracy of
the Servicer’s inventory and record keeping. The Servicer shall promptly report to each Owner and the Indenture Trustee any failure on its part to hold the Receivable Files and maintain its accounts, records and computer systems as herein
provided and promptly take appropriate action to remedy any such failure. 
 (b) The Servicer shall maintain each Receivable File at its
principal office at 425 N. Martingale Road, Suite 1800, Schaumburg, Illinois, 60173, or at such other office of the Servicer as shall from time to time be identified to the Owners and the Indenture Trustee upon 60 days’ prior written notice.
Subject only to the Custodian’s security requirements applicable to its own employees having access to similar records held by the Servicer and the limitations set forth in Section 3.03 hereof and otherwise in the Basic Documents,
the Servicer shall permit the Owners, the Indenture Trustee or their duly authorized representatives, attorneys or auditors to inspect the Receivable Files and the related accounts, records and computer systems maintained by the Servicer pursuant
hereto at such times as such party may reasonably request. 
 (c) In general, the Servicer shall attend to all nondiscretionary details in
connection with maintaining custody of the Receivable Files. In addition, the Servicer shall assist the Owner Trustee generally in the preparation of routine reports to Securityholders, if any, or to regulatory bodies to the extent necessitated by
the Servicer’s custody of the Receivable Files. 
 SECTION 4.03 Custodian’s Indemnification. The Servicer as custodian shall
indemnify the Issuer, the Indenture Trustee, the Owner Trustee and the Financial Parties and each of their officers, directors and agents for any and all liabilities, obligations, losses, compensatory damages, payments, costs or expenses of any kind
whatsoever that may be imposed on, incurred by or asserted against the Issuer, the Indenture Trustee, the Owner Trustee, any Financial Party or any of their officers, directors and agents as the result of any improper act or omission in any way
relating to the maintenance and custody by the Servicer as custodian of the Receivable Files; provided, however, that the Servicer shall not be liable to the Issuer, the Indenture Trustee, the Owner Trustee or the Financial Parties, or
any of their officers directors or agents, for any portion of any such amount resulting from the willful misfeasance, bad faith or negligence of such Person. 
 SECTION 4.04 Effective Period and Termination. The Servicer’s appointment as Custodian with respect to a Receivable File hereunder shall become effective as of the Purchase Date and shall continue in full
force and effect until terminated pursuant to this Section 4.04. If the Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all of the rights and obligations of the Servicer shall have been
terminated under Article VII, the 

  

 - 15 - 

 
appointment of such Servicer as custodian shall be terminated and the terminated Custodian shall deliver the Receivables Files to (or at the direction of)
the Indenture Trustee pursuant to Section 7.02 of this Agreement. Upon (i) the repurchase of a Warranty Receivable by NFC pursuant to the Purchase Agreement, (ii) purchase of a Warranty Receivable by NFRRC pursuant to the
Pooling Agreement or (iii) purchase of an Administrative Receivable by the Servicer pursuant to Section 2.08(a) of this Agreement, the Servicer shall deliver the related Receivable File to or at the direction of the purchaser. Upon
delivery of such Receivable File, the Servicer’s obligations with respect to such Receivable File shall terminate. 
 ARTICLE V 

 REPRESENTATIONS AND WARRANTIES 
 OF THE SERVICER 
 SECTION 5.01 Representations and Warranties of the Servicer. The Servicer hereby represents and
warrants to NFRRC, the Issuer and the Indenture Trustee that as of the Purchase Date: 
 (a) Organization and Good Standing. The
Servicer has been duly organized and is validly existing as a corporation, and in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently
owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to service the Receivables as provided in this Agreement. 
 (b) Due Qualification. The Servicer is duly qualified to do business as a foreign corporation in good standing, and has obtained all necessary
licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification.

 (c) Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and to perform its
obligations hereunder and the execution, delivery and performance by the Servicer of this Agreement has been duly authorized by all necessary corporate action on the part of the Servicer. The Agreement has been duly executed and delivered by the
Servicer. 
 (d) Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable
against the Servicer in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights in general and by general
principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law. 
 (e) No
Violation. The execution and delivery of this Agreement by the Servicer and its performance of its obligations hereunder will not violate any Requirement of Law or Contractual Obligation of the Servicer and will not result in, or require, the
creation or 

  

 - 16 - 

 
imposition of any Lien on any of its property or assets pursuant to any such Requirement of Law or Contractual Obligation other than as expressly permitted
by the Basic Documents. 
 (f) No Proceedings. There are no actions, proceedings or, to the Servicer’s knowledge, investigations
pending or, to the Servicer’s knowledge, threatened before any Governmental Authority (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement
or the issuance of the Securities, or (iii) seeking any determination or ruling that would reasonably be expected to have a Material Adverse Effect with respect to the Servicer. 
 (g) No Consent. Except as expressly contemplated by the Basic Documents, no consent, permit, approval or authorization of, or declaration to or
filing with, or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the execution, delivery, performance, validity or enforceability by or against the Servicer of this Agreement. 

ARTICLE VI THE 
 SERVICER 

 SECTION 6.01 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer. Any Person (a) into which the
Servicer may be merged or consolidated, (b) resulting from any merger, conversion or consolidation to which the Servicer shall be a party, (c) succeeding to the business of the Servicer, or (d) more than 50% of the voting stock or
other interest of which is owned directly or indirectly by NIC and which is otherwise servicing NFC’s receivables, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Servicer under
this Agreement shall be the successor to the Servicer under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement, notwithstanding anything in this Agreement to the
contrary. The Servicer shall provide prompt notice of any merger, consolidation or succession pursuant to this Section 6.01 to the Agent, the Owner Trustee and the Indenture Trustee. 
 SECTION 6.02 Limitation on Liability of Servicer and Others. 
 (a) Neither the Servicer nor any of the directors or officers or employees or agents of the Servicer shall be under any liability to the Issuer or any Noteholder, except as specifically provided in this Agreement, for
any action taken or for refraining from the taking of any action pursuant to this Agreement or any other Further Transfer and Servicing Agreement or for errors in judgment; provided, however, that this provision shall not protect the
Servicer or any such Person against any liability that would otherwise be imposed by reason of willful misfeasance, bad faith or negligence (except errors in judgment) in the performance of the Servicer’s duties or by reason of reckless
disregard of obligations and duties under the Further Transfer and Servicing Agreements. The Servicer and any director, officer or employee or agent of the Servicer may rely in good faith on the advice of counsel or on any document of any kind prima
facie properly executed and submitted by any Person respecting any matters arising under this Agreement. 
  

 - 17 - 

 (b) Except as provided in this Agreement, the Servicer shall not be under any obligation to appear in,
prosecute or defend any legal action that is not incidental to its duties to service the Receivables in accordance with this Agreement and that in its opinion may involve it in any expense or liability; provided, however, that the
Servicer may undertake any reasonable action that it may deem necessary or desirable in respect of this Agreement and the rights and duties of the parties to this Agreement and the interests of the Financial Parties. In such event, the legal
expenses and costs for such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Issuer and the Servicer shall be entitled to be reimbursed therefor. 
 SECTION 6.03 Delegation of Duties. So long as NFC acts as Servicer, the Servicer may, at any time without notice or consent, delegate any duties
under this Agreement to any Person more than 50% of the voting stock or other interest of which is owned, directly or indirectly, by NFC. The Servicer may at any time perform specific duties as Servicer through subservicers who are in the business
of servicing medium and heavy duty truck, truck chassis, bus and trailer receivables. Any delegation of the Servicer’s duties under this Section 6.03 shall not relieve the Servicer of its responsibility with respect to such duties.

 SECTION 6.04 Servicer not to Resign. Subject to the provisions of Section 7.02, the Servicer shall not resign from the
obligations and duties imposed on it by this Agreement as Servicer except upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law. Any such determination permitting the resignation of
the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Indenture Trustee. No such resignation shall become effective until the Indenture Trustee or a successor Servicer shall have assumed the responsibilities and
obligations of the Servicer in accordance with Section 7.02. 
 SECTION 6.05 Servicer Indemnification. 
 (a) The Servicer (other than the Indenture Trustee in its capacity as successor Servicer pursuant to Section 7.03 hereof) shall be liable in
accordance with this Agreement only to the extent of the obligations in this Agreement specifically undertaken by the Servicer. Such obligations shall include the following: 
 (i) The Servicer (other than any successor Servicer who is not an affiliate of the initial Servicer, including the Indenture Trustee in its capacity as
successor Servicer pursuant to Section 7.03 hereof it being understood that the removed Servicer shall retain such liability) shall defend, indemnify and hold harmless the Indenture Trustee, the Owner Trustee, the Issuer and the
Interested Parties from and against any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of any Financed Vehicle; 

(ii) The Servicer (other than any successor Servicer who is not an affiliate of the initial Servicer, including the Indenture Trustee in its capacity
as successor Servicer pursuant to Section 7.03 hereof it being understood that the removed Servicer shall retain such liability) shall indemnify, defend and hold harmless the Issuer, the Owner Trustee and the Indenture Trustee from and
against any taxes that may at any time be asserted against 

  

 - 18 - 

 
any such Person with respect to the transactions contemplated in this Agreement and the Pooling Agreement, including any sales, gross receipts, general
corporation, Illinois corporate income, tangible personal property, privilege or license taxes (but not including any taxes asserted with respect to, and as of the date of, the sale of the Receivables to the Owner Trustee or the issuance and
original sale of the Securities, or asserted with respect to ownership of the Receivables, or federal or other income taxes arising out of distributions on the Securities, or any fees or other compensation payable to any such Person) and costs and
expenses in defending against the same; 
 (iii) The Servicer shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, the
Indenture Trustee and the Interested Parties from and against any and all costs, expenses, losses, claims, damages, and liabilities to the extent that such cost, expense, loss, claim, damage, or liability arose out of, or was imposed upon such
Person through the negligence, willful misfeasance or bad faith of the Servicer in the performance of its duties under this Agreement and any other Transfer and Servicing Agreement or by reason of reckless disregard of its obligations and duties
under any of the Transfer and Servicing Agreements; 
 (iv) The Servicer (other than any successor Servicer who is not an affiliate of the
initial Servicer, including the Indenture Trustee in its capacity as successor Servicer pursuant to Section 7.03 hereof it being understood that the removed Servicer shall retain such liability) shall indemnify, defend and hold harmless
each Trustee and their respective agents, officers, directors and servants, from and against all costs, expenses, losses, claims, damages and liabilities arising out of or incurred in connection with (x) in the case of the Owner Trustee, the
Indenture Trustee’s performance of its duties under the Basic Documents, (y) in the case of the Indenture Trustee, the Owner Trustee’s performance of its duties under the Basic Documents or (z) the acceptance, administration or
performance by, or action or inaction of, the applicable Trustee of the trusts and duties contained in this Agreement, the Basic Documents, the Indenture (in the case of the Indenture Trustee), including the administration of the Collateral, and the
Trust Agreement (in the case of the Owner Trustee), including the administration of the Owner Trust Estate, except in each case to the extent that such cost, expense, loss, claim, damage or liability: (A) is due to the willful misfeasance, bad
faith or negligence (except for errors in judgment) of the Person seeking to be indemnified, (B) to the extent otherwise payable to the Indenture Trustee, arises from the Indenture Trustee’s breach of any of its representations or
warranties in Section 6.13 of the Indenture or (C) to the extent otherwise payable to the Owner Trustee, arises from the Owner Trustee’s breach of any of its representations or warranties set forth in Section 6.6 of
the Trust Agreement; and 
 (v) The Servicer (other than any successor Servicer who is not an affiliate of the initial Servicer, including
the Indenture Trustee in its capacity as successor Servicer pursuant to Section 7.03 hereof it being understood that the removed Servicer shall retain such liability) will indemnify the Owner Trustee in accordance with the provisions
specified in Section 6.9 of the Trust Agreement. 
 (b) Indemnification under this Section 6.05 shall survive the
resignation or removal of the Owner Trustee or the Indenture Trustee or the termination of this Agreement or the Trust Agreement and shall include reasonable fees and expenses of counsel and expenses of litigation. If the Servicer has made any
indemnity payments pursuant to this Section 6.05 and the 

  

 - 19 - 

 
recipient thereafter collects any of such amounts from others, the recipient shall promptly repay such amounts collected to the Servicer, without interest.

 SECTION 6.06 Backup Servicer. On or prior to the Closing Date, NFC, as Servicer, will enter into a backup servicing agreement (the
“Backup Servicing Agreement”) with a Person who meets the criteria specified for a successor Servicer as set forth in Section 7.03 and who agrees to become a successor servicer if appointed by the Indenture Trustee
pursuant to Section 7.03 (the “Backup Servicer”). Prior to each Distribution Date, the Servicer shall deliver to the Backup Servicer a data tape or other electronic data file compiling data for the previous calendar
month relating to the Receivables. The Backup Servicer shall have within 30 days of the Closing Date mapped the Servicer’s data system as it relates to the Receivables. Unless and until a Servicer Default occurs and the Backup Servicer is
appointed as the successor Servicer, the sole obligation of the Backup Servicer will be to perform systems data mapping of NFC’s servicing computer systems. The costs and expenses associated with the Backup Servicer performing such system data
mapping shall be paid for by the Servicer. 
 ARTICLE VII 
 DEFAULT 
 SECTION 7.01 Servicer Defaults. Each of the following shall constitute a
“Servicer Default”: 
 (a) any failure by the Servicer to deliver to the Indenture Trustee for deposit in any of the Designated
Accounts or to the Owner Trustee for deposit in the Certificate Distribution Account any required payment or to direct the Indenture Trustee to make any required distributions therefrom, in each case which failure continues unremedied for
(y) two Business Days if such failed delivery is in an amount up to and including $5,000,000.00 or (z) five Business Days if such failed delivery exceeds $5,000,000.00, in each case after the earlier of (i) written notice is received
by the Servicer from the applicable Trustee or the Agent or (ii) after discovery of such failure by an officer of the Servicer; 
 (b)
any failure by the Servicer duly to observe or perform in any material respect any other covenant or agreement of the Servicer set forth in this Agreement or any other Basic Document which failure materially and adversely affects the rights of any
Securityholder or any Financial Party and which continues unremedied for 30 days after the giving of written notice of such failure (A) to the Servicer by either Trustee or the Agent or (B) to the Servicer and to either Trustee by the
holders of not less than 25% of the Outstanding Amount of the Controlling Class; 
 (c) any representation, warranty or certification made by
the Servicer pursuant to this Agreement or any other Basic Document shall prove to have been incorrect in any material respect when made, and if the consequences of such representation, warranty or certification being incorrect shall be susceptible
of remedy in all material respects, such consequences shall not be remedied in all material respects within 30 days after the Servicer first becomes aware or is advised that such representation, warranty or certification was incorrect in a material
respect; 
  

 - 20 - 

 (d) the occurrence of an Insolvency Event with respect to the Servicer; 
 (e) the failure of NFC and its affiliates to deliver the financial statements and related financial information as provided in
Section 5.02(c) of the Note Purchase Agreement and a written notice is received by the Servicer from the Agent stating that such failure constitutes a “Servicer Default”; and 
 (f) the failure of NFC to deliver the reports described in Section 5.02(e) of the Note Purchase Agreement and the receipt by the Servicer of written
notice from the Agent stating that such failure constitutes a “Servicer Default.” 
 SECTION 7.02 Consequences of a Servicer
Default. If a Servicer Default shall occur and be continuing, the Indenture Trustee or holders of Securities evidencing not less than a majority of the Outstanding Amount of the Controlling Class may, in addition to other rights and remedies
available in a court of law or equity to damages, injunctive relief and specific performance, terminate all the rights and obligations of the Servicer hereunder and under all sub-servicing agreements whereupon the Indenture Trustee will succeed to
all the responsibilities, duties and liabilities of the Servicer under this Agreement and will be entitled to similar compensation arrangements. On or after the receipt by the Servicer of such written notice, all authority and power of the Servicer
under this Agreement, whether with respect to the Receivables, the Receivable Files or otherwise, shall pass to and be vested in the Indenture Trustee pursuant to and under this Section 7.02. Upon the receipt of such notice, the
Servicer’s appointment as custodian shall be terminated and, upon instruction from the Indenture Trustee, the Servicer shall release all Receivable Files to the Indenture Trustee, or its respective agent or assignee, as the case may be, at such
place or places as the Indenture Trustee may designate, as soon as practicable. The Servicer shall be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by an officer of
the Indenture Trustee. The Indenture Trustee is hereby authorized and empowered to execute and deliver, on behalf of the predecessor Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivables and related documents, or otherwise. The predecessor Servicer agrees to cooperate
with the Indenture Trustee or any successor Servicer in effecting the termination of the responsibilities and rights of the Servicer under this Agreement, including the transfer to the Indenture Trustee for administration by it of all cash amounts
that shall at the time be held by the predecessor Servicer for deposit, or that shall have been deposited by the Servicer in the Collection Account, the Note Distribution Account or the Certificate Distribution Account or thereafter received that
shall at any time be held with respect to the Receivables by the Servicer. 
 SECTION 7.03 Indenture Trustee to Act; Appointment of
Successor. On and after the time the Servicer receives a notice of termination pursuant to Section 7.02, the Indenture Trustee shall be the successor in all respects to the Servicer in its capacity as servicer and custodian under
this Agreement and the transactions set forth or provided for in this Agreement and the other Basic Documents, and shall be subject to all the responsibilities, restrictions, duties and liabilities relating thereto placed on the Servicer and
Custodian by the terms and provisions of this Agreement and the other Basic Documents; provided, however, that if the Backup 

  

 - 21 - 

 
Servicer satisfies the criteria for a successor servicer specified below, the Indenture Trustee shall promptly appoint the Backup Servicer as the successor
Servicer; provided, further, that the predecessor Servicer shall remain liable for, and the successor Servicer shall have no liability for, any indemnification obligations of the Servicer arising as a result of acts, omissions or
occurrences during the period in which the predecessor Servicer was the Servicer; and provided, further, that NFC shall remain liable for all such indemnification obligations of the Servicer without regard to whether it is still Servicer hereunder.
As compensation therefor, the Indenture Trustee or the Backup Servicer shall be entitled to such compensation (whether payable out of the Collection Account or otherwise) as the Servicer would have been entitled to under this Agreement if no such
notice of termination had been given including, but not limited to, the Total Servicing Fee and Supplemental Servicing Fees. Notwithstanding the above, if the Indenture Trustee does not appoint the Backup Servicer as the successor servicer then the
Indenture Trustee may, if it shall be unwilling to so act, or shall, if it is legally unable to so act, appoint, or petition a court of competent jurisdiction to appoint, a successor (i) having a net worth of not less than $100,000,000 or whose
majority owner is, either directly or indirectly, a Person having a net worth on a consolidated basis of not less than $100,000,000 and (ii) whose regular business includes the servicing of receivables of the type included in the Collateral, as
the successor to the Servicer under this Agreement in the assumption of all or any part of the responsibilities, duties or liabilities of the Servicer under this Agreement. In connection with such appointment and assumption, the Indenture Trustee
may make such arrangements for the compensation of such successor out of payments on Receivables as it and such successor shall agree; provided, however, that no such compensation shall be in excess of that permitted the Servicer under
this Agreement. The Indenture Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. Upon termination of the Servicer and after appointment of a successor Servicer,
the Servicer shall reasonably cooperate with such successor Servicer to notify all Obligors to cease remitting payments to bank accounts and lock boxes controlled by the Servicer and to instead remit payment directly to any bank accounts and lock
boxes designated by such successor Servicer. If at any time on or after the date on which the Servicer is terminated the Servicer receives any payment from any Obligor, then the Servicer shall promptly forward the amount of such payment, along with
copies of any remittances or other documentation accompanying such payment, to the successor Servicer. 
 SECTION 7.04 Notification to
Securityholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee shall give prompt written notice thereof to the Noteholders and the Agent and the Owner Trustee
shall give prompt written notice thereof to the Certificateholders. 
 SECTION 7.05 Repayment of Advances. If a successor Servicer
shall be appointed, the predecessor Servicer shall be entitled to receive, to the extent of available funds, reimbursement for Outstanding Monthly Advances pursuant to Section 2.14 in the manner specified in Section 8.2 of
the Indenture with respect to all Monthly Advances made by such predecessor Servicer. The successor Servicer shall not be entitled to reimbursement for Monthly Advances made by the predecessor Servicer. 
 SECTION 7.06 Waiver of Past Defaults. The Indenture Trustee, at the direction of the holders of not less than a majority of the Outstanding Amount
of the Controlling Class, may 

  

 - 22 - 

 
waive any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to
or payments from any of the Designated Accounts in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Default 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 default or impair any right consequent thereon. The Servicer shall give written notice of each such waiver to the Agent. 
 ARTICLE VIII 
 MISCELLANEOUS 

 SECTION 8.01 Amendment. This Agreement may be amended from time to time (subject to any expressly applicable amendment provision of
the Further Transfer and Servicing Agreements) by a written amendment duly executed and delivered by the parties hereto; provided, however, that this Agreement may not be amended unless such amendment is in accordance with the
provisions of Section 5.01 of the Pooling Agreement as if such Section 5.01 were contained herein and were applicable to this Agreement. Prior to the execution of any such amendment, the Servicer shall furnish written
notification of the substance of such amendment to the Agent. Notwithstanding any other provision of this Agreement, if the consent of the Swap Counterparty is required pursuant to the Swap Counterparty Rights Agreement, any such purported amendment
shall be null and void ab initio unless the Swap Counterparty consents in writing to such amendment. 
 SECTION 8.02 Termination. The
respective obligations and responsibilities of the parties hereto pursuant to this Agreement shall terminate upon the earlier of: 
 (a) the
maturity or other liquidation of the last Receivable and the disposition of any amounts received upon liquidation of any such remaining Receivables or 
 (b) the termination of the Pooling Agreement pursuant to Section 4.02 thereof. 
 SECTION 8.03
Notices. All notices, requests and demands to NFRRC, the Servicer, either Trustee, the Swap Counterparty or the Agent under this Agreement shall be delivered as specified in Appendix B to the Pooling Agreement. 
 SECTION 8.04 Governing Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of Illinois, without giving effect to any choice of law or conflict provision or rule (whether of the State of Illinois or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Illinois. 
 SECTION 8.05 Severability. Any provision of this
Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  

 - 23 - 

 SECTION 8.06 Assignment; Third-Party Beneficiaries. Except to the extent permitted by Article
VI or as required by Article VII, the Servicer may not assign its rights or delegate its obligations hereunder. The Servicer acknowledges that the Issuer shall assign all of its rights, title and interest in this Agreement to the
Indenture Trustee on behalf of the Financial Parties pursuant to the Indenture. The Servicer agrees that the Indenture Trustee is an express third-party beneficiary with respect to this Agreement and, as such, shall have the right to enforce this
Agreement and to exercise directly all rights and remedies under this Agreement (including, without limitation, the right to give or withhold any consents or approvals of the Issuer to be given or withheld hereunder). The Servicer shall deliver
copies of all statements, reports, Opinions of Counsel, notices, requests, demands and other documents to be delivered by the Servicer to Issuer pursuant to the terms hereof to the Indenture Trustee. The Swap Counterparty shall be a third-party
beneficiary to this Agreement only to the extent that it has rights specified herein or rights with respect to this Agreement specified in the Swap Counterparty Rights Agreement. Except as otherwise provided in the Swap Counterparty Rights Agreement
or in this Article VIII, no other Person shall have any right or obligation hereunder. 
 SECTION 8.07 Successors and Assigns.
This Agreement shall inure to the benefit of and be binding upon the parties hereto, and their respective successors and permitted assigns. Except as otherwise provided in Section 6.03 or in this Article VIII, no other Person
shall have any right or obligation hereunder. 
 SECTION 8.08 Counterparts. This Agreement may be executed by the parties hereto in
separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. 
 SECTION 8.09 Headings and Cross-References. The various headings in this Agreement are included for convenience only and shall not affect the
meaning or interpretation of any provision of this Agreement. 
 SECTION 8.10 No Petition Covenants. Notwithstanding any prior
termination of this Agreement, the Servicer shall not, prior to the date which is one year and one day after payment in full of all obligations and the final distribution with respect to the Securities, acquiesce, petition or otherwise invoke or
cause the Issuer or NFRRC to invoke or join any other Person in instituting the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or NFRRC any bankruptcy, reorganization, arrangement,
insolvency, liquidation proceeding, or similar law of the United States or any state of the United States. 
 SECTION 8.11
Limitation of Liability of the Trustees. 
 (a) Notwithstanding anything contained herein to the contrary, this Agreement
has been acknowledged and accepted by The Bank of New York, not in its individual capacity but solely as Indenture Trustee, and in no event shall The Bank of New York have any liability for the representations, warranties, covenants, agreements or
other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. 
  

 - 24 - 

 (b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed by
Deutsche Bank Trust Company Delaware not in its individual capacity but solely in its capacity as Owner Trustee and in no event shall Deutsche Bank Trust Company Delaware in its individual capacity or, except as expressly provided in the Trust
Agreement, as Owner Trustee of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as
to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this Agreement, in the performance of its duties or obligations hereunder, or in the performance of any duties or obligations of the Issuer hereunder, the
Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Article VI of the Trust Agreement. 
 SECTION
8.12 MUTUAL WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY
(RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH PARTY TO THIS
AGREEMENT HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY OF THE PARTIES HERETO, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED
OR INCIDENTAL TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 [END OF PAGE] 
 [SIGNATURE PAGE FOLLOWS] 
  

 - 25 - 

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

			
	 NAVISTAR FINANCIAL CORPORATION,
 as Servicer

		
	By:	 	 /s/ John V. Mulvaney, Sr.

	Name:	 	John V. Mulvaney, Sr.
	Title:	 	Vice President, Chief Financial Officer and Treasurer
	
	NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
		
	By:	 	 /s/ John V. Mulvaney, Sr.

	Name:	 	John V. Mulvaney, Sr.
	Title:	 	Vice President, Chief Financial Officer and Treasurer
	
	NAVISTAR FINANCIAL 2008-A OWNER TRUST
		
	By:	 	 DEUTSCHE BANK TRUST COMPANY DELAWARE,
 not in its individual capacity but solely as Owner Trustee

		
	By:	 	 /s/ Michele HY Voon

	Name:	 	Michele HY Voon
	Title:	 	Attorney-in-fact
		
	By:	 	 /s/ Susan Barstock

	Name:	 	Susan Barstock
	Title:	 	Attorney-in-fact

			
	 THE BANK OF NEW YORK,
 not in its individual
capacity but solely as
 Indenture Trustee

		
	By:	 	 /s/ Michael Burack

	Name:	 	Michael Burack
	Title:	 	Assistant Treasurer
	
	 The Indenture Trustee, in its role as Securities
 Intermediary, hereby acknowledges its undertaking as
 set forth in Section 2.02

		
	By:	 	 /s/ Michael Burack

	Name:	 	Michael Burack
	Title:	 	Assistant Treasurer

 EXHIBIT A 
 MINIMUM SERVICING STANDARDS 
 See attached, as may be adjusted or applied to reflect the specific asset type.

  

 Ex. A-1 

 MINIMUM SERVICING STANDARDS 
  

	I.	CUSTODIAL BANK ACCOUNTS 

  

	 	1.	Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall: 

  

	 	•	 	 be mathematically accurate; 

  

	 	•	 	 be prepared within forty-five (45) calendar days after the cutoff date; 

  

	 	•	 	 be reviewed and approved by someone other than the person who prepared the reconciliation; and 

  

	 	•	 	 document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification.

  

	 	2.	Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor’s or a mortgagor’s account. 

  

	 	3.	Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor. 

  

	 	4.	Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan. 

  

	II.	MORTGAGE PAYMENTS 

  

	 	1.	Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt. 

  

	 	2.	Mortgage payments made in accordance with the mortgagor’s loan documents shall be posted to the applicable mortgagor records within two business days of receipt.

  

	 	3.	Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor’s loan documents. 

 

	 	4.	Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor’s loan documents. 

  

 Ex. A-2 

	III.	DISBURSEMENTS 

  

	 	1.	Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel. 

  

	 	2.	Disbursements made on behalf of a mortgagor or investor shall be posted within two business days to the mortgagor’s or investor’s records maintained by the servicing
entity. 

  

	 	3.	Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on tax bills and insurance premium notices, respectively,
provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates. 

  

	 	4.	Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity’s funds and not charged to
the mortgagor, unless the late payment was due to the mortgagor’s error or omission. 

  

	 	5.	Amounts remitted to investors per the servicer’s investor reports shall agree with the canceled checks, or other form of payment, or custodial bank statements.

  

	 	6.	Unissued checks shall be safeguarded so as to prevent unauthorized access. 

  

	IV.	INVESTOR ACCOUNTING AND REPORTING 

  

	 	I.	The servicing entity’s investor reports shall agree with, or reconcile to, investors’ records on a monthly basis as to the total unpaid principal balance and number of
loans serviced by the servicing entity. 

  

	V.	MORTGAGOR LOAN ACCOUNTING 

  

	 	1.	The servicing entity’s mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis.

  

	 	2.	Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider. 

  

	 	3.	Escrow accounts shall be analyzed, in accordance with the mortgagor’s loan documents, on at least an annual basis. 

  

	 	4.	 Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws, (A compilation of state laws 

  

 Ex. A-3 

	 	 
relating to the payment of interest on escrow accounts may be obtained through the MBA’s FAX ON DEMAND service. For more information, contact MBA.)

  

	VI.	DELINQUENCIES 

  

	 	I.	Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the
entity’s activities in monitoring delinquent loans including, for example, phone calls, letters and mortgage payment rescheduling plans in cases where the delinquency is deemed temporary (e.g., illness or unemployment).

  

	VII.	INSURANCE POLICIES 

  

	 	1.	A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in
management assertion. 

  

 Ex. A-4 

 EXHIBIT B 
 FORM OF SERVICER’S CERTIFICATE 
 See attached. 
  

 Ex. B-1 

			
	 Navistar Financial 2008-A Owner Trust
  
 For the Month of April 2008
 Distribution Date of May 19, 2008

 Servicer Certificate #1
	  	page 1 of 4

  

																			
	 	 	 Item #
	  	 	  	 	  	 	  	Item #	  	 	 	 	 	  	 
		 	 1a
	  	Original Pool Amount	  	FIXED INPUT	  	1a	  	$	287,268,173.68	 	 		  	
		 	 1b
	  	Subsequent Receivables (transferred 00/00/00)	  	INPUT	  	1b	  	$	0.00	 	 		  	
		 	 1c
	  	Subsequent Receivables (transferred 00/00/00)	  	INPUT	  	1c	  	$	0.00	 	 		  	
		 	 1d
	  	Subsequent Receivables (transferred 00/00/00)	  		  	1d	  	$	0.00	 	 		  	
		 		  		  		  		  		  	 	 	 	 		  	
		 		  	 Total Aggregate Starting Receivables Balance
	  	1e	  	$	287,268,173.63	 	 		  	
								
	I	 	 2
	  	 Beggining Receivables Balance
	  	prior month [9]	  	2	  	$	287,268,173.68	 	 		  	
		 	3	  	 Beginning Pool Factor
	  	prior month ending	  	3	  	 	1,0000000	 	 		  	
		 	4	  	 (Less:) Principal Collected (Incl. Servicer Advance Repay)
	  		  	4	  	$	14,362,667.24	 	 		  	
		 	5	  	 (Less:) Mandatory Prepayments
	  	INPUT	  	5	  	$	0.00	 	 		  	
		 	6	  	 (Less:) Repurchase Amounts
	  		  	6	  	$	0.00	 	 		  	
		 	7	  	 (Less:) Repossessions / Chargeoffs
	  		  	7	  	$	150,000.00	 	 		  	
		 	8	  	 Plus: Repayment of Servicer Advances
	  		  	8	  	$	0.00	 	 		  	
		 		  		  		  		  		  	 	 	 	 		  	
		 	9	  	 Ending Receivables Balance
	  	[2] - [4] - [5] - [6] - [7] + [8]	  	9	  	$	272,755,505,44	 	 		  	
		 		  	 Ending Pool Factor
	  	[9] / ([1a] + [1b] + [1c] + [1d])	  		  	 	0.9494804	 	 		  	
									
	 II
	 		  		  		  		  		  				 		  	
		
	* This space left intentionally blank * *	  	
									
	III	 		  	Principal and Interest Collections:	  		  		  		  				 		  	
		 	10	  	 Principal Collected (Incl. Servicer Advance Repay)
	  	[4]	  	10	  	$	14,362,667.24	 	 		  	
		 	11	  	 Latest Collected
	  		  	11	  	$	2,094,106.04	 	 		  	
		 	12	  	 Mandatory Prepayments
	  	[5]	  	12	  	$	0.00	 	 		  	
		 	13	  	 [RESERVED]
	  		  	[6]	  	13	  	$	0.00	 	 		  	
		 	14	  	 Liquidation Proceeds / Recoveries
	  		  	14	  	$	35,000.00	 	 		  	
		 	15	  	Total	  		  	[10]+[11]+[12]+[13]+[14]	  	15	  	$	16,491,773.28	 	 		  	
		 	16	  	 (Less:) Repayment of Servicer Advances
	  	[8]	  	16	  	$	0.00	 	 		  	
		 		  		  		  		  		  	 	 	 	 		  	
		 	17	  	Total Available Funds	  		  	[15] - [16]	  	17	  	$	16,491,773.28	 	 		  	
									
		 	18	  	Servicing Fee	  		  	(10.% / 12) * [2]	  	18	  	$	239,390.14	 	 		  	
							
		 		  	 memo: Servicer will allocate $1,500.00 of Servicing
 Fee as Administration Fee
	  		  				 		  	
							
		 		  	Current Weighted Average APR:	  		  	 	6.475	%	 		  	
							
		 		  	Current Weighted Average Remaining Term (months):	  		  	 	43.69	 	 		  	
									
		 		  	Delinquencies	  		  		  		  				 		  	
	 	 	 	  	 	  	 	  	 	  	 	  	Dollars	 	 	Notes	  	Remaining
Gross
Balance
		 	19	  		  	Installments:    1 - 30 days	  		  	19	  	 	1,585,890.13	 	 	1,464	  	70,586,030.21
		 	20	  		  	     31 - 60 days
	  		  	20	  	 	296,882.34	 	 	303	  	13,471,246.64
		 	21	  		  	     60+ days
	  		  	21	  	 	111,051.63	 	 	75	  	2,094,925.72
									
		 	22	  		  	   Total:
	  	 [19] + [20] + [21]
	  	22	  	 	1,993,824.10	 	 	1,468	  	70,594,034.09
		 	23	  		  	     Balances:     60+ days	  		  	23	  	 	2,094,925.72	 	 	75	  	

  

 Ex. B-2 

			
	 Navistar Financial 2008-A Owner Trust
  
 For the Month of April 2008
 Distribution Date of May 19, 2008

 Servicer Certificate #1
	  	page 2 of 4

  

													
	 Item
	 	 	 	  	 	  	Item #	 	 	Class A	 
			 	Original Pool Amount	  		  			 	$	247,050,629.36	 
					
			 	Principal Distributions:	  		  			 			
	24	 	 	Distribution Percentages	  	FIXED INPUT	  	24	 	 	 	100.0	%
					
	25	 	 	Total Interest + Program Fee due	  		  	25	 	 	$	1,027,754.83	 
					
	26	 	 	Collected principal	  	[4] + [6] - [8]	  	26	 	 	$	14,362,667.24	 
	27	 	 	Collected Interest	  	[11]	  	27	 	 	$	2,094,106.04	 
	28	 	 	Liquidation Proceeds / Recoveries	  	[14]	  	28	 	 	$	35,000.00	 
	29	 	 	Swap Payments to/(from) Trust	  		  	29	 	 	$	(25,000.00	)
	29	a	 	Plus: Collections and Reserve Account Interest	  		  	29	a	 	$	108,953.21	 
	30	 	 	(Less:) Servicing Fee	  	[18]	  	30	 	 	$	239,390.14	 
	30	a	 	(Less:) Servicing Fee	  		  	30	a	 	$	12,652.43	 
					
	31	 	 	Total Collections Avail for Debt Service	  	[26] - [27] + [28] + [29] + [29a] - [30] - [30a]	  	31	 	 	$	16,323,683.92	 
					
	32	 	 	Beginning Note Balance	  	prior month [37]	  	32	 	 	$	247,050,629.36	 
			 	(includes prior month ending + subsales)	  		  			 			
					
	33	 	 	Interest Fee + Program Fee Due	  		  	33	 	 	$	1,027,754.83	 
	33a	 	 	Interest Fee + Program Fee Paid	  	max(0, min([35], [31]))	  	33a	 	 	$	1,027,754.83	 
	34	 	 	RESERVED	  		  			 			
					
	35	 	 	Principal Due	  	[32]	  	35	 	 	$	247,050,629.36	 
	35a	 	 	Principal Paid	  	max(0, min([35], [31]-[33a]))	  	35a	 	 	$	15,295,929.09	 
					
	36	 	 	Total Principal Paid	  	[34a] + [35a]	  	36	 	 	$	15,295,929.09	 
					
	37	 	 	Ending Note Balance	  	[32] - [36]	  	37	 	 	$	231,754,700.27	 
			 	Note / Certificate Pool Factor (Ending Balance / Original Pool Amount)	  			 			
					
	38	 	 	Total Distributions	  	[33a] + [34a] + [35a]	  	38	 	 	$	16,323,683.92	 
					
	39	 	 	Interest Shortfall	  	[33] - [33a]	  	39	 	 	$	0.00	 
	40	 	 	Priority Principal Shortfall	  	[34]-[34a]	  	40	 	 	$	0.00	 
	41	 	 	Total Shortfall	  	[39] + [40]	  	41	 	 	$	0.00	 
					
	42	 	 	Excess Servicing	  	max(0,[31] - [38])	  	42	 	 	$	0.00	 

  

 ILLEGIBLE 

			
	 Navistar Financial 2008-A Owner Trust
  
 For the Month of April 2008
 Distribution Date of May 19, 2008

 Servicer Certificate #1
	  	page 3 of 4

  

																					
	 Item #
	    	 Item #
	  	 	 
		 	CREDIT ENHANCEMENT	  		    		  		  		  				 		  			
	 43
	 		  		    		  		  		  				 		  			
	 44
	 		  		    		  		  		  				 		  			
									
	 45
	 		  		    		  		  		  				 		  			
	 46
	 		  		    		  		  		  				 		  			
									
	 47
	 		  		    		  		  		  				 		  			
	 48
	 		  		    		  		  		  				 		  			
	****THIS AREA INTENTIONALLY LEFT BLANK****	  			
									
	 49
	 		  		    		  		  		  				 		  			
	 50
	 		  		    		  		  		  				 		  			
									
	 51
	 		  		    		  		  		  				 		  			
	 52
	 		  		    		  		  		  				 		  			
									
	 53
	 		  		    		  		  		  				 		  			
	 54
	 		  		    		  		  		  				 		  			
	 55
	 		  		    		  		  		  				 		  			
	 56
	 		  		    		  		  		  				 		  			
	 57
	 		  		    		  		  		  				 		  			
	 58
	 		  		    		  		  		  				 		  			
	 59
	 		  		    		  		  		  				 		  			
	 60
	 		  		    		  		  		  				 		  			
	 61
	 		  		    		  		  		  				 		  			
		 	OVERCOLLATERALIZATION	  		    		  		  		  				 		  			
	 62
	 	 Opening balance (Ending balance prior month)
	  	[2} -[32]	    		  	62	  		  	$	40,217,544.32	 	 	Memo Item	  			
	 63
	 	 [RESERVED]
	  		    		  	63	  		  	 	17,583,981.24	 	 		  			
	 64
	 	 [RESERVED]
	  		    		  	64	  		  				 	Ending Pool Balance	  	 	272,755,506.44	 
	 65
	 	 Overcollateralization (Release) / Deposit
	  		    		  	65	  		  				 	Ending Note Balance	  	$	(231,754,700.27	)
		 		  		    		  		  		  				 		  	 	 	 
	 66
	 	 Ending Overcollateralization Balance
	  	[54] + [60]	    		  	66	  		  	$	41,000,806.17	 	 	 Overcollateralization Ending Balance
	  	 	41,000,806.17	 
	 67
	 	 Overcollateralization Percentage
	  	[66] / [9]	    		  	67	  		  	 	15.03	%	 		  			

  

 Ex. B-4 

			
	 Navistar Financial 2008-A Owner Trust
  
 For the Month of April 2008
 Distribution Date of May 19, 2008

 Servicer Certificate #1
	  	page 4 of 4

  

 PERFORMANCE METRICS 
  

																							
	 	 	5
Nov-07	 	 	4
Dec-07	  	3
Jan-08	  	2
Feb-08	 	 	1
Mar-08	 	 	0
Apr-08	 
	 Remaining Gross Balance
	 	$	0.00	 	 	$	0.00	  	$	0.00	  	$	0.00	 	 	$	0.00	 	 	$	310,695,256.88	 
							
	 A)      LOSSES:
	 				 			  			  				 				 			
	 Principal of Contracts Charged Off
	 	$	0.00	 	 	$	0.00	  	$	0.00	  	$	0.00	 	 	$	0.00	 	 	$	150,000.00	 
	 Recoveries
	 	$	0.00	 	 	$	0.00	  	$	0.00	  	$	0.00	 	 	$	0.00	 	 	$	35,000.00	 
							
	 Total Charged Off (Sum: Months 5,4,3)
	 	$	0.00	 	 			  			  				 				 			
	 Total Recoveries (Sum: Months 3,2,1)
	 	$	0.00	 	 			  			  				 				 			
		 	 	 	 	 			  			  				 				 			
	 Net Loss / (Recoveries) for 3 Mos.
	 	$	0.00	(a)	 			  			  				 				 			
							
	 Total Balance (Sum: Months 5,4,3)
	 	 	N/A	(b)	 			  			  				 				 			
							
	 Loss Ratio Annualized [(a/b) + (12)]
	 	 	N/A	 	 			  			  				 				 			
							
	 	 	 	 	 	 	  	 	  	Feb-08	 	 	Mar-08	 	 	Apr-08	 
	 B)       DELINQUENCIES:
	 				 			  			  				 				 			
	 Balance delinquency 60+ days
	 				 			  			  	$	1,296,854.35	 	 	$	1,058,985.64	 	 	$	1,484,925.76	 
	 As % of Remaining Gross Balance
	 				 			  			  	 	0.00000	%	 	 	0.00000	%	 	 	0.47794	%
	 Three Month Average
	 				 			  			  				 				 	 	N/A	 

  

				
	 MEMO ITEMS:
	  		
		
	 Prior Month Servicer Advances
	  	$	0.00
	 Servicer Advences - Current Month
	  	$	4,148,931.89
	 Total Outstanding Servicer Advences
	  	$	4,148,931.89
	 Aggregate Number of Notes Charged Off
	  	 	4
	 Principal Balance of Repurchased Notes*
	  	 	0.00
	 Principal Balance of Refinanced Notes*
	  	 	0.00

  

	*	Included in Principal Collections 

  

			
	Navistar Financial Corporation
		
	by:	 	 
		 	John V. Mulvaney, Sr.
		 	VP, CFO, & Treasurer

  

 Ex. B-5EXHIBIT 10.1

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered
into May 1, 2008 as of May 1, 2008 (the “Effective Date”), by and between Sprint Nextel Corporation, a Kansas corporation (the “Company”) on behalf of itself and any of its subsidiaries, affiliates and related entities, and
Robert Brust (the “Executive”) (the Company and the Executive, collectively, the “Parties,” and each, a “Party”). Certain capitalized terms are defined in Section 29. 
 WITNESSETH: 
 WHEREAS, the Company
desires to employ the Executive as Chief Financial Officer and the Executive desires to accept such employment; and 
 WHEREAS, the Executive
and the Company desire to enter into this Agreement; and 
 NOW, THEREFORE, in consideration of the premises and of the covenants and
agreements set forth herein and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Company and the Executive agree as follows: 
 1. Employment. 
 (a) The Company will
employ the Executive and the Executive will be employed by the Company upon the terms and conditions set forth herein. 
 (b) The employment
relationship between the Company and the Executive shall be governed by the general employment policies and practices of the Company, including without limitation, those relating to the Company’s Code of Conduct, confidential information and
avoidance of conflicts, except that when the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement shall control. 
 2. Term. Subject to termination under Section 9, the Executive’s employment shall be for an initial term of 24 months commencing on the
Effective Date and shall continue through the second anniversary of the Effective Date (the “Initial Employment Term”). At the end of the Initial Employment Term and on each succeeding anniversary of the Effective Date, the Employment Term
will be automatically extended by an additional 12 months (each, a “Renewal Term”), unless not less than 90 days prior to the end of the Initial Employment Term or any Renewal Term, either the Executive or the Company has given the other
written notice (in accordance with Section 20) of nonrenewal. The Executive shall provide the Company with written notice of his intent to terminate employment with the Company at least 30 days prior to the effective date of such termination.

 3. Position and Duties of the Executive. 
 (a) The Executive shall serve as Chief Financial Officer of the Company, and agrees to serve as an officer of any enterprise and/or agrees to be an employee of any Subsidiary as may be requested from time to time by
the Board of Directors of the Company (the “Board”), 

 
any committee or person delegated by the Board or the Chief Executive Officer of the Company (the “Chief Executive Officer”). In such capacity, the
Executive shall report directly to the Chief Executive Officer of the Company. The Executive shall have such duties, responsibility and authority as may be assigned to the Executive from time to time by the Chief Executive Officer, the Board or such
other officer of the Company as may be designated by the Chief Executive Officer or the Board. 
 (b) During the Employment Term, the
Executive shall, except as may from time to time be otherwise agreed to in writing by the Company, during reasonable vacations (as set forth in Section 7 hereof) and authorized leave and except as may from time to time otherwise be permitted
pursuant to Section 3(c), devote his best efforts, full attention and energies during his normal working time to the business of the Company, any duties as may be delineated in the Company’s Bylaws for the Executive’s position and
title and such other related duties and responsibilities as may from time to time be reasonably prescribed by the Board, any committee or person designated by the Board, or the Chief Executive Officer, in each case, within the framework of the
Company’s policies and objectives. 
 (c) During the Employment Term, and provided that such activities do not contravene the provisions
of Section 3(a) or Sections 10, 11, 12 or 13 hereof and, provided further, the Executive does not engage in any other substantial business activity for gain, profit or other pecuniary advantage which materially interferes with the
performance of his duties hereunder, the Executive may participate in any governmental, educational, charitable or other community affairs and, subject to the prior approval of the Chief Executive Officer, serve as a member of the governing board of
any such organization. Without the prior approval of the Board, the Executive shall not serve in any executive capacity or as a member of the governing board of any private or public for-profit company. The Executive shall promptly resign from the
board of directors of any public for-profit company on which he currently serves except for the boards set forth on Exhibit A hereto. 
 4.
Compensation. 
 (a) Base Salary. During the Employment Term, the Company shall pay to the Executive an annual base of
$1,000,000 (the “Base Salary”), which Base Salary shall be payable at the times and in the manner consistent with the Company’s general policies regarding compensation of the Company’s senior executives. The Base Salary
will be reviewed periodically by the Compensation Committee and may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time in the Compensation
Committee’s sole discretion. 
 (b) Incentive Compensation. The Executive will be eligible to participate in any short-term and
long-term incentive compensation plans, annual bonus plans and such other management incentive programs or arrangements of the Company approved by the Board that are generally available to the Company’s senior executives, including, but not
limited to, the STIP and the LTSIP. Incentive compensation shall be paid in accordance with the terms and conditions of the applicable plans, programs and arrangements. 
  

 2 

 (i) Annual Performance Bonus. During the Employment Term, the Executive shall be
entitled to participate in the STIP, with such opportunities as may be determined by the Compensation Committee in its sole discretion (“Target Bonuses”); provided, however, that for the bonus year ending December 31,
2008, a Target Bonus opportunity of 130% of the Executive’s Base Salary will be pro rated for the period from the Effective Date to December 31, 2008, and thereafter during the Employment Term the Executive will participate at an annual
Target Bonus opportunity of 130% of his Base Salary, (as may be increased but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives from time to time), and the Executive shall be entitled
to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”). 
 (ii)
Long-Term Performance Bonus. During the Employment Term, the Executive shall be entitled to participate in the LTSIP with such opportunities, if any, as may be determined by the Compensation Committee (“LTSIP Target Award
Opportunities”); provided, however, that the Executive shall not be eligible for any award under the LTSIP in 2008 (except for the sign-on awards under Section 4(d)) or 2009. 
 (iii) Incentive bonuses, if earned, shall be paid when incentive compensation is customarily paid to the Company’s senior executives
in accordance with the terms of the applicable plans, programs or arrangements. 
 (iv) Pursuant to the Company’s
applicable incentive or bonus plans as in effect from time to time, the Executive’s incentive compensation during the term of this Agreement may be determined according to criteria intended to qualify as performance-based compensation under
Section 162(m) of the Code. 
 (c) Equity Compensation. The Executive shall be eligible to participate in such equity incentive
compensation plans and programs as the Company generally provides to its senior executives, including, but not limited to, the LTSIP. During the Employment Term, the Compensation Committee may, in its sole discretion, grant equity awards to the
Executive, which would be subject to the terms of the respective award agreements evidencing such grants and the applicable plan or program. 
 (d) Sign-On Compensation. 
 (i) Sign-On Cash Bonus Award. The Company will pay the Executive a cash
sign-on bonus in the amount of $1,650,000 on the following payment schedule: (1) $250,000 not later than 30 days after the Effective Date, provided, however, that if the Executive does not remain employed by the Company through the first
anniversary of the Effective Date, the Executive will repay the Company this amount upon his termination of employment unless the Executive’s employment is terminated by the Company without Cause; (2) $700,000 as soon as administratively
practicable after December 31, 2008 (but not later than 30 days after such date); provided, however, that if the Executive 

  

 3 

 
has a termination of employment before December 31, 2008 for any reason other than for cause, he shall receive a prorated bonus based on a fraction, the
numerator of which is the number of days from the Effective Date to his termination of employment and the denominator is the number of days from the Effective Date to December 31, 2008; and (3) $700,000 as soon as administratively
practicable after December 31, 2009 (but not later than 30 days after such date); provided, however, that if the Executive has a termination of employment after December 31, 2008 and before December 31, 2009 for any reason other than
for cause, he shall receive a prorated bonus based on a fraction, the numerator of which is the number of days from January 1, 2009 to his termination of employment and the denominator is 365. If the Executive is terminated for Cause before the
payment of a bonus payment to be made under this Section 4(d)(i), the Executive will not be entitled to such unpaid bonus payment. 
 (ii) Sign-On Option Award. On the Effective Date the Compensation Committee will grant to the Executive an option to purchase 677,201 shares of the Company’s Common Stock under the LTSIP (the “Sign-On
Option Award”). The Sign-On Option Award will be subject to terms and conditions of the option agreement attached hereto as Exhibit B. Except as otherwise provided in the Executive’s Option Agreement evidencing the Sign-On Option Award,
the Sign-on Option Award will be governed by provisions of the LTSIP. 
 (iii) Sign-On RSU Award. On the Effective Date
the Compensation Committee will grant to the Executive 469,484 restricted stock units under the LTSIP (the “Sign-On RSU Award”). The Sign-On RSU Award will be subject to the terms and conditions of the restricted stock unit agreement
evidencing such grant attached as Exhibit C. Except as otherwise provided in the Executive’s award agreement evidencing the Sign-On RSU Award, the Sign-On RSU Award will be governed by provisions of the LTSIP. 
 5. Benefits. 
 (a) During the
Employment Term, the Company shall make available to the Executive, subject to the terms and conditions of the applicable plans, participation for the Executive and his eligible dependents in: (i) Company-sponsored group health, major medical,
dental, vision, pension and profit sharing, 401(k) and employee welfare benefit plans, programs and arrangements (the “Employee Plans”) and such other usual and customary benefits in which senior executives of the Company participate from
time to time, and (ii) such fringe benefits and perquisites as may be made available to senior executives of the Company as a group. The Executive shall be entitled to indemnification on terms and conditions no less favorable than those made
available generally to the senior officers as such indemnification arrangements shall be in effect from time to time. 
 (b) The Executive
acknowledges that the Company may change its benefit programs from time to time which may result in certain benefit programs being amended or terminated for its senior executives generally. 
  

 4 

 6. Expenses. The Company shall pay or reimburse the Executive for reasonable and necessary
business expenses incurred by the Executive in connection with his duties on behalf of the Company in accordance with the Company’s Enterprise Financial Services—Employee Travel and Expense Policy, as may be amended from time to time, or
any successor policy, plan program or arrangement thereto and any other of its expense policies applicable to senior executives of the Company, following submission by the Executive of reimbursement expense forms in a form consistent with such
expense policies. Any reimbursement or provision of in-kind benefits made during the Executive’s lifetime pursuant to the terms of this Section 6 shall be made not later than December 31st of the year following the year in which the
Executive incurs the expense; provided, however, that in no event will the amount of expenses so reimbursed, or in-kind benefits provided, by the Company in one year affect the amount of expenses eligible for reimbursement, or in-kind benefits to be
provided, in any other taxable year. Each provision of reimbursement of expenses or in-kind benefit pursuant to this Section 6 shall be considered a separate payment and not one of a series of payments for purposes of Section 409A of the
Code. 
 7. Vacation. In addition to such holidays, sick leave, personal leave and other paid leave as is allowed under the
Company’s policies applicable to senior executives generally, the Executive shall be entitled to participate in the Company’s vacation policy in accordance with the Company’s policy generally applicable to senior executives. The
duration of such vacations and the time or times when they shall be taken will be determined by the Executive in consultation with the Company. 
 8. Place of Performance. In connection with his employment by the Company, the Executive shall be based at the principal executive offices of the Company in the vicinity of Overland Park, Kansas (the “Place of
Performance”), except for travel reasonably required for Company business. If the Company relocates the Executive’s place of work more than 50 miles from his place of work prior to such relocation, the Executive shall relocate to a
secondary residence within (a) 50 miles of such relocated executive offices or (b) such total miles that does not exceed the total number of miles the Executive commuted to his place of work prior to relocation of the Executive’s
place of work. To the extent the Executive relocates his secondary residence as provided in this Section 8, the Company will pay or reimburse the Executive’s relocation expenses in accordance with the Company’s relocation policy
applicable to senior executives. The Executive will, no later than July 1, 2008, establish a secondary residence in the area surrounding the Executive’s Place of Performance. Any reimbursement or provision of in-kind benefits made during
the Executive’s lifetime pursuant to the terms of this Section 8 shall be made not later than December 31st of the year following the year in which the Executive incurs the expense. In no event will the amount of expenses so
reimbursed, or in-kind benefits provided, by the Company in one year affect the amount of expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. Each provision of reimbursement of expenses or in-kind
benefit pursuant to this Section 8 shall be considered a separate payment and not one of a series of payments for purposes of Section 409A of the Code. 
 For each year during the Initial Employment Term, the Executive will be entitled to receive up to 35 round-trip personal domestic flights on either, at the Company’s discretion, Company aircraft or charter
aircraft. 
  

 5 

 9. Termination. 
 (a) Termination by the Company for Cause or Resignation by the Executive Without Good Reason. If, during the Employment Term, the Executive’s employment is terminated by the Company for Cause, or if the
Executive resigns without Good Reason, the Executive shall not be eligible to receive Base Salary or to participate in any Employee Plans with respect to future periods after the date of such termination or resignation except for the right to
receive accrued but unpaid cash compensation and vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law. 
 (b) Termination by the Company Without Cause or Resignation by the Executive for Good Reason outside of the CIC Severance Protection Period. If, during the Employment Term, the Executive’s employment is
terminated by the Company without Cause or the Executive terminates for Good Reason prior to or following expiration of the CIC Severance Protection Period, the Executive shall be entitled to receive from the Company: (1) the Executive’s
accrued, but unpaid, Base Salary through the date of termination of employment, payable in accordance with the Company’s normal payroll practices, and (2) conditioned upon the Executive delivering to the Company a release in a form
reasonably satisfactory to the Company (the “Release”) within 21 days after termination of the Executive’s employment, with all periods for revocation expired (the “Release Effective Date”), in full satisfaction of the
Executive’s rights and any benefits the Executive might be entitled to under the Separation Plan and this Agreement, unless otherwise specified, during the Payment Period, the Executive shall be entitled to: 
 (i) receive from the Company periodic payments equal to his Base Salary in effect prior to the termination of his employment, which
payments shall be paid to the Executive in equal installments on the regular payroll dates under the Company’s payroll practices applicable to the Executive at the time of termination for the duration of the Payment Period, and each such
payment shall be a separate payment and not one of a series of payments for purposes of Section 409A of the Code; 
 (ii)
Receive a Bonus Award for the remainder of the Employment Term (pro rated for any period of less than twelve months), and computed at the lesser of his Target Bonus for such period or actual performance, and paid at the time other STIP participants
are paid. 
 (iii) continued participation in the Company’s group health plans at then-existing participation and
coverage levels for the number of months equal to the period of continuation coverage the Executive would be entitled to pursuant to Section 4980B of the Code, in accordance with Section 409A of the Code, but not beyond the end of the
Employment Term, comparable to the terms in effect from time to time for the Company’s senior executives, including any co-payment and premium payment requirements and the Company shall deduct for each payment payable to the Executive pursuant
to Section 9(b)(i), the amount of any employee contributions necessary to maintain such coverage for such period, except that (A) subject to Section 9(b)(iv), following such period, the Executive shall retain any 

  

 6 

 
rights to continue coverage under the Company’s group health plans under the benefits continuation provisions pursuant to Section 4980B of the Code
by paying the applicable premiums of such plans; (B) the Executive shall no longer be eligible to receive the benefits otherwise receivable pursuant to this Section 9(b)(iii) as of the date that the Executive becomes eligible to receive
comparable benefits from a new employer; and (C) the Company will not provide for cash in lieu of benefits under this Section 9(b)(iii); 
 (iv) continued participation at the Executive’s sole cost in the Company’s group health plans at then-existing participation and coverage levels for the remainder, if any, of the Employment Term following
the period of continuation coverage the Executive would be entitled to, if any, pursuant to Section 9(b)(iii) above, in accordance with Section 409A of the Code, comparable to the terms in effect from time to time for the Company’s
senior executives, but only to the extent that the Executive makes a payment to the Company in an amount equal to the monthly premium payments (both the employee and employer portions) required to maintain such comparable coverage on or before the
first day of each calendar month commencing with the first calendar month of such period following the period of continuation coverage specified in Section 9(b)(iii), and the Company shall reimburse the Executive, in accordance with the terms
of Section 6 hereof, for the amount of such premiums, if any, in excess of any employee contributions necessary to maintain such coverage and each payment pursuant to this Section 9(b)(iv) shall be regarded as a separate payment and not
one of a series of payments for purposes of Code Section 409A, except that (A) following such period, the Executive shall retain any rights to continue coverage under the Company’s group health plans under the benefits continuation
provisions pursuant to Section 4980B of the Code by paying the applicable premiums of such plans; (B) the Executive shall no longer be eligible to receive the benefits otherwise receivable pursuant to this Section 9(b)(iv) as of the
date that the Executive becomes eligible to receive comparable benefits from a new employer; and (C) the Company will not provide for cash in lieu of benefits under this Section 9(b)(iv); and 
 (v) continued participation in the Company’s employee life insurance plans at then-existing participation and coverage levels for the
remainder of the Employment Term, comparable to the terms in effect from time to time for the Company’s senior executives, including any co-payment and premium payment requirements and the Company shall deduct for each payment payable to the
Executive pursuant to Section 9(b)(i), the amount of any employee contributions necessary to maintain such coverage for such period, except that (A) the Executive shall no longer be eligible to receive the benefits otherwise receivable
pursuant to this Section 9(b)(v) as of the date that the Executive becomes eligible to receive comparable benefits from a new employer; and (C) the Company will not provide for cash in lieu of benefits under this Section 9(b)(v).

 Notwithstanding anything in this Section 9(b) to the contrary, to the extent the Executive has not signed the Release with all periods for revocation
expired as provided in this Section 9(b) and the 

  

 7 

 
Release, such determination to be made at the conclusion of the applicable revocation period, the Executive will forfeit any right to receive the payments
and benefits specified in this Section 9(b). 
 (c) Termination by the Company Without Cause or Resignation by the Executive for Good
Reason During the CIC Severance Protection Period. If prior to the expiration of the Employment Term and during the CIC Severance Protection Period, the Executive’s employment is terminated by the Company without Cause or the Executive
terminates his employment for Good Reason, subject to the terms and conditions of the CIC Severance Plan, the Executive shall be entitled to severance compensation and benefits pursuant to the terms of the CIC Severance Plan. To the extent that the
Executive is not a Participant in the CIC Severance Plan at the time of termination, the Executive shall be entitled to severance compensation and benefits pursuant to the terms of Section 9(b), except that a Bonus Award for the remainder of
the Employment Term (pro rated for any period of less than twelve months), will be computed at his Target Bonus for such period, and paid over the payment period. 
 (d) Termination by Death. If the Executive dies during the Employment Term, the Executive’s employment will terminate and the Executive’s beneficiary or if none, the Executive’s estate, shall be
entitled to receive from the Company, the Executive’s accrued, but unpaid Base Salary through the date of termination of employment and any vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and
applicable law. 
 (e) Termination by Disability. If the Executive becomes Disabled, prior to the expiration of the Employment Term,
the Executive’s employment will terminate and the Executive shall be entitled to: 
 (i) receive periodic payments equal
to his Base Salary in effect prior to the termination of his employment, which payments shall be paid to the Executive in equal installments on the regular payroll dates under the Company’s payroll practices applicable to the Executive at the
time of termination the lesser of 12 months or the remainder of the Employment Term (reduced by any amounts paid under a long-term disability plan (“LTD Plan”) now or hereafter sponsored by the Company (calculated on a monthly basis));
provided, however, that in the event that the Executive is a “specified employee” (within the meaning of Section 409A of the Code and determined in accordance with procedures adopted by the Company), any such payments
that constitutes deferred compensation within the meaning of Section 409A of the Code will not commence until earliest to occur of (A) the first business day of the seventh month following the date of the Executive’s “separation
from service” or (B) death, except that the Executive on such date will be paid a lump-sum cash payment equal to the aggregate amount of any such payments that constitutes deferred compensation within the meaning of Section 409A of
the Code that the Executive would have been entitled to receive during the six-month period following the Executive’s “separation from service”, and the Executive shall receive the remaining payments payable in equal installments on
the regular payroll dates under the Company’s payroll practices applicable to the Executive at the time of termination commencing on the first business day of the seventh month following the date of the Executive’s 

  

 8 

 
“separation from service,” as specified in this Section 9(e)(i), and each payment pursuant to this Section 9(e)(i) shall be regarded as a
separate payment and not one of a series of payments for purposes of Code Section 409A; and 
 (ii) continued
participation in the Company’s group health plans at then-existing participation and coverage levels for the lesser of 12 months or the remainder of the Employment Term comparable to the terms in effect from time to time for the Company’s
senior executives, including any co-payment and premium payment requirements; provided, however, that the Company will not provide for cash in lieu of these benefits under this Section 9(e)(ii). 
 (f) No Mitigation Obligation. No amounts paid under Section 9 will be reduced by any earnings that the Executive may receive from any other
source. The Executive’s coverage under the Company’s medical, dental, vision and employee life insurance plans will terminate as of the date that the Executive is eligible for comparable benefits from a new employer. The Executive shall
notify the Company within 30 days after becoming eligible for coverage of any such benefits. 
 (g) Forfeiture. Notwithstanding the
foregoing, any right of the Executive to receive termination payments and benefits hereunder shall be forfeited to the extent of any amounts payable after any breach of Section 10, 11, 12, 13 or 15 by the Executive. 
 10. Confidential Information; Statements to Third Parties. 
 (a) During the Employment Term and on a permanent basis upon and following termination of the Executive’s employment, the Executive acknowledges that: 
 (i) all information, whether or not reduced to writing (or in a form from which information can be obtained, translated, or derived into
reasonably usable form) or maintained in the mind or memory of the Executive and whether compiled or created by the Company, any of its Subsidiaries or any affiliates of the Company or its Subsidiaries (collectively, the “Company Group”),
which derives independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from the disclosure or use of such information, of a proprietary, private, secret or confidential
(including, without exception, inventions, products, processes, methods, techniques, formulas, compositions, compounds, projects, developments, sales strategies, plans, research data, clinical data, financial data, personnel data, computer programs,
customer and supplier lists, trademarks, service marks, copyrights (whether registered or unregistered), artwork, and contacts at or knowledge of customers or prospective customers) nature concerning the Company Group’s business, business
relationships or financial affairs (collectively, “Proprietary Information”) shall be the exclusive property of the Company Group. 
 (ii) the Proprietary Information of the Company Group gained by the Executive during the Executive’s association with the Company Group was or 

  

 9 

 
will be developed by and/or for the Company Group through substantial expenditure of time, effort and money and constitutes valuable and unique property of
the Company Group; 
 (iii) reasonable efforts have been put forth by the Company Group to maintain the secrecy of its
Proprietary Information; 
 (iv) such Proprietary Information is and will remain the sole property of the Company Group; and

 (v) any retention or use by the Executive of Proprietary Information after the termination of the Executive’s services
for the Company Group will constitute a misappropriation of the Company Group’s Proprietary Information. 
 (b) The Executive further
acknowledges and agrees that he will take all affirmative steps reasonably necessary or required by the Company to protect the Proprietary Information from inappropriate disclosure during and after his employment with the Company. 
 (c) The Executive further agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings,
or other written, photographic, electronic, or other tangible material containing or constituting Proprietary Information, whether created by the Executive or others, which shall come into his custody or possession, regardless of medium, shall be
and are the exclusive property of the Company to be used by him/her only in the performance of his duties for the Company. All such materials or copies thereof and all tangible things and other property of the Company Group in the Executive’s
custody or possession shall be delivered to the Company (to the extent the Executive has not already returned) in good condition, on or before five business days subsequent to the earlier of: (i) a request by the Company or (ii) the
Executive’s termination of employment for any reason or Cause, including for nonrenewal of this Agreement, Disability, termination by the Company or termination by the Executive. After such delivery, the Executive shall not retain any such
materials or portions or copies thereof or any such tangible things and other property and shall execute any statements or affirmations of compliance under oath that the Company may require. 
 (d) The Executive further agrees that his obligation not to disclose or to use information and materials of the types set forth in Sections 10(a), 10(b)
and 10(c) above, and his obligation to return materials and tangible property, set forth in Section 10(c) above, also extends to such types of information, materials and tangible property of customers of the Company Group, consultants for the
Company Group, suppliers to the Company Group, or other third parties who may have disclosed or entrusted the same to the Company Group or to the Executive. 
 (e) The Executive further acknowledges and agrees that he will continue to keep in strict confidence, and will not, directly or indirectly, at any time, disclose, furnish, disseminate, make available, use or suffer to
be used in any manner any Proprietary Information of the Company Group without limitation as to when or how the Executive may have acquired such Proprietary Information and that he will not disclose any Proprietary Information to any 

  

 10 

 
person or entity other than appropriate employees of the Company or use the same for any purposes (other than in the performance of his duties as an employee
of the Company) without written approval of the Board, either during or after his employment with the Company. 
 (f) Further the Executive
acknowledges that his obligation of confidentiality will survive, regardless of any other breach of this Agreement or any other agreement, by any party hereto, until and unless such Proprietary Information of the Company Group has become, through no
fault of the Executive, generally known to the public. In the event that the Executive is required by law, regulation, or court order to disclose any of the Company Group’s Proprietary Information, the Executive will promptly notify the Company
prior to making any such disclosure to facilitate the Company seeking a protective order or other appropriate remedy from the proper authority. The Executive further agrees to cooperate with the Company in seeking such order or other remedy and
that, if the Company is not successful in precluding the requesting legal body from requiring the disclosure of the Proprietary Information, the Executive will furnish only that portion of the Proprietary Information that is legally required, and
the Executive will exercise all legal efforts to obtain reliable assurances that confidential treatment will be accorded to the Proprietary Information. 
 (g) The Executive’s obligations under this Section 10 are in addition to, and not in limitation of, all other obligations of confidentiality under the Company’s policies, general legal or equitable
principles or statutes. 
 (h) During the Employment Term and following his termination of employment: 
 (i) the Executive shall not, directly or indirectly, make or cause to be made any statements, including but not limited to, comments in
books or printed media, to any third parties criticizing or disparaging the Company Group or commenting on the character or business reputation of the Company Group. Without the prior written consent of the Board, unless otherwise required by law,
the Executive shall not (A) publicly comment in a manner adverse to the Company Group concerning the status, plans or prospects of the business of the Company Group or (B) publicly comment in a manner adverse to the Company Group
concerning the status, plans or prospects of any existing, threatened or potential claims or litigation involving the Company Group; 
 (ii) the Company shall comply with its policies regarding public statements with respect to the Executive and any such statements shall be deemed to be made by the Company only if made or authorized by a member of the Board or a senior
executive officer of the Company; and 
 (iii) nothing herein precludes honest and good faith reporting by the Executive to
appropriate Company or legal enforcement authorities. 
 (i) The Executive acknowledges and agrees that a violation of the foregoing
provisions of this Section 10 would cause irreparable harm to the Company Group, and that the Company’s remedy at law for any such violation would be inadequate. In recognition of the 

  

 11 

 
foregoing, the Executive agrees that, in addition to any other relief afforded by law or this Agreement, including damages sustained by a breach of this
Agreement and any forfeitures under Section 9(g), and without the necessity or proof of actual damages, the Company shall have the right to enforce this Agreement by specific remedies, which shall include, among other things, temporary and
permanent injunctions, it being the understanding of the undersigned parties hereto that damages, the forfeitures described above and injunctions shall all be proper modes of relief and are not to be considered as alternative remedies. 

11. Non-Competition. In consideration of the Company entering into this Agreement, for a period commencing on the Effective Date and ending on
the expiration of the Restricted Period: 
 (a) The Executive covenants and agrees that the Executive will not, directly or indirectly, engage
in any activities on behalf of or have an interest in any Competitor of the Company Group, whether as an owner, investor, executive, manager, employee, independent consultant, contractor, advisor, or otherwise. The Executive’s ownership of less
than one percent (1%) of any class of stock in a publicly traded corporation shall not be a breach of this paragraph. 
 (b) A
“Competitor” is any entity doing business directly or indirectly (e.g., as an owner, investor, provider of capital or otherwise) in the United States including any territory of the United States (the “Territory”) that provides
products and/or services that are the same or similar to the products and/or services that are currently being provided at the time of Executive’s termination or that were provided by the Company Group during the two-year period prior to the
Executive’s separation from service with the Company Group. 
 (c) The Executive acknowledges and agrees that due to the continually
evolving nature of the Company Group’s industry, the scope of its business and/or the identities of Competitors may change over time. The Executive further acknowledges and agrees that the Company Group markets its products and services on a
nationwide basis, encompassing the Territory and that the restrictions imposed by this covenant, including the geographic scope, are reasonably necessary to protect the Company Group’s legitimate interests. 
 (d) The Executive covenants and agrees that should a court at any time determine that any restriction or limitation in this Section 11 is
unreasonable or unenforceable, it will be deemed amended so as to provide the maximum protection to the Company Group and be deemed reasonable and enforceable by the court. 
 12. Non-Solicitation. In consideration of the Company entering into this Agreement, for a period commencing on the Effective Date and ending on
the expiration of the Restricted Period, the Executive hereby covenants and agrees that he shall not, directly or indirectly, individually or on behalf of any other person or entity do or suffer any of the following: 
 (a) hire or employ or assist in hiring or employing any person who was at any time during the last 18 months of the Executive’s employment an
employee, representative or agent of any member of the Company Group or solicit, aid, induce or attempt to solicit, aid, induce or persuade, directly or indirectly, any person who is an employee, representative, or 

  

 12 

 
agent of any member of the Company Group to leave his or her employment with any member of the Company Group to accept employment with any other person or
entity; 
 (b) induce any person who is an employee, officer or agent of the Company Group, or any of its affiliated, related or subsidiary
entities to terminate such relationship; 
 (c) solicit any customer of the Company Group, or any person or entity whose business the Company
Group had solicited during the 180-day period prior to termination of the Executive’s employment for purposes of business which is competitive to the Company Group within the Territory; or 
 (d) solicit, aid, induce, persuade or attempt to solicit, aid, induce or persuade any person or entity to take any action that would result in a Change
in Control of the Company or to seek to control the Board in a material manner. 
 (e) For purposes of this Section 12, the term
“solicit or persuade” includes, but is not limited to, (i) initiating communications with an employee of the Company Group relating to possible employment, (ii) offering bonuses or additional compensation to encourage an employee
of the Company Group to terminate his employment, (iii) referring employees of the Company Group to personnel or agents employed by competitors, suppliers or customers of the Company Group, and (iv) initiating communications with any
person or entity relating to a possible Change in Control. 
 13. Developments. 
 (a) The Executive acknowledges and agrees that he will make full and prompt disclosure to the Company of all inventions, improvements, discoveries,
methods, developments, software, mask works, and works of authorship, whether patentable or copyrightable or not, (i) which relate to the Company’s business and have heretofore been created, made, conceived or reduced to practice by the
Executive or under his direction or jointly with others, and not assigned to prior employers, or (ii) which have utility in or relate to the Company’s business and are created, made, conceived or reduced to practice by the Executive or
under his direction or jointly with others during his employment with the Company, whether or not during normal working hours or on the premises of the Company (all of the foregoing of which are collectively referred to in this Agreement as
“Developments”). 
 (b) The Executive further agrees to assign and does hereby assign to the Company (or any person or entity
designated by the Company) all of the Executive’s rights, title and interest worldwide in and to all Developments and all related patents, patent applications, copyrights and copyright applications, and any other applications for registration
of a proprietary right. This Section 13(b) shall not apply to Developments that the Executive developed entirely on his own time without using the Company’s equipment, supplies, facilities, or Proprietary Information and that does not, at
the time of conception or reduction to practice, have utility in or relate to the Company’s business, or actual or demonstrably anticipated research or development. The Executive understands that, to the extent this Agreement shall be construed
in accordance with the laws of any Territory which precludes a requirement in an employee agreement to assign certain classes of inventions made by an employee, this Section 13(b) shall be interpreted 

  

 13 

 
not to apply to any invention which a court rules or the Company agrees falls within such classes. 
 (c) The Executive further agrees to cooperate fully with the Company, both during and after his employment with the Company, with respect to the
procurement, maintenance and enforcement of copyrights, patents and other intellectual property rights (both in the United States and other countries) relating to Developments. The Executive shall not be required to incur or pay any costs or
expenses in connection with the rendering of such cooperation. The Executive will sign all papers, including, without limitation, copyright applications, patent applications, declarations, oaths, formal assignments, assignments of priority rights,
and powers of attorney, and do all things that the Company may reasonably deem necessary or desirable in order to protect its rights and interests in any Development. 
 (d) The Executive further acknowledges and agrees that if the Company is unable, after reasonable effort, to secure the Executive’s signature on any such papers, any executive officer of the Company shall be
entitled to execute any such papers as the Executive’s agent and attorney-in-fact, and the Executive hereby irrevocably designates and appoints each executive officer of the Company as his agent and attorney-in-fact to execute any such papers
on the Executive’s behalf, and to take any and all actions as the Company may deem necessary or desirable in order to protect its rights and interests in any Development, under the conditions described in this sentence. 
 14. Remedies. The Executive and the Company agree that the covenants contained in Sections 10, 11, 12 and 13 are reasonable under the
circumstances, and further agree that if in the opinion of any court of competent jurisdiction any such covenant is not reasonable in any respect, such court will have the right, power and authority to sever or modify any provision or provisions of
such covenants as to the court will appear not reasonable and to enforce the remainder of the covenants as so amended. The Executive acknowledges and agrees that the remedy at law available to the Company for breach of any of the Executive’s
obligations under Sections 10, 11, 12 and 13 would be inadequate and that damages flowing from such a breach may not readily be susceptible to being measured in monetary terms. Accordingly, the Executive acknowledges, consents and agrees that, in
addition to any other rights or remedies that the Company may have at law, in equity or under this Agreement, upon adequate proof of the Executive’s violation of any such provision of this Agreement, the Company will be entitled to immediate
injunctive relief and may obtain a temporary order restraining any threatened or further breach, without the necessity of proof of actual damage. Without limiting the applicability of this Section 14 or in any way affecting the right of the
Company to seek equitable remedies hereunder, in the event that the Executive breaches any of the provisions of Sections 10, 11, 12 or 13 or engages in any activity that would constitute a breach save for the Executive’s action being in a state
where any of the provisions of Sections 10, 11, 12, 13 or this Section 14 is not enforceable as a matter of law, then the Company’s obligation to pay any remaining severance compensation and benefits that has not already been paid to
Executive pursuant to Section 9 shall be terminated and within ten days of notice of such termination of payment, the Executive shall return all severance compensation and the value of such benefits, or profits derived or received from such
benefits. 
  

 14 

 15. Continued Availability and Cooperation. 
 (a) Following termination of the Executive’s employment, the Executive shall cooperate fully with the Company and with the Company’s counsel in
connection with any present and future actual or threatened litigation, administrative proceeding or investigation involving the Company that relates to events, occurrences or conduct occurring (or claimed to have occurred) during the period of the
Executive’s employment by the Company. Cooperation will include, but is not limited to: 
 (i) Making himself reasonably
available for interviews and discussions with the Company’s counsel as well as for depositions and trial testimony; 
 (ii) if depositions or trial testimony are to occur, making himself reasonably available and cooperating in the preparation therefore, as and to the extent that the Company or the Company’s counsel reasonably requests; 
 (iii) refraining from impeding in any way the Company’s prosecution or defense of such litigation or administrative proceeding; and

 (iv) cooperating fully in the development and presentation of the Company’s prosecution or defense of such litigation
or administrative proceeding. 
 (b) The Company will reimburse the Executive for reasonable travel, lodging, telephone and similar expenses,
as well as reasonable attorneys’ fees (if independent legal counsel is necessary), incurred in connection with any cooperation, consultation and advice rendered under this Agreement after the Executive’s termination of employment. Any
reimbursement or provision of in-kind benefits made during the Executive’s lifetime pursuant to the terms of this Section 15(b) shall be made not later than December 31st of the year following the year in which the Executive incurs
the expense. In no event will the amount of expenses so reimbursed, or in-kind benefits provided, by the Company in one year affect the amount of expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year.
Each provision of reimbursement of expenses or in-kind benefit pursuant to this Section 15(b) shall be considered a separate payment and not one of a series of payments for purposes of Section 409A of the Code. 
 16. Dispute Resolution. 
 (a) In the
event that the Parties are unable to resolve any controversy or claim arising out of or in connection with this Agreement or breach thereof, either Party shall refer the dispute to binding arbitration, which shall be the exclusive forum for
resolving such claims. Such arbitration will be administered by Judicial Arbitration and Mediation Services, Inc. (“JAMS”) pursuant to its Employment Arbitration Rules and Procedures and governed by Kansas law. The arbitration shall be
conducted by a single arbitrator selected by the Parties according to the rules of JAMS. In the event that the Parties fail to agree on the selection of the arbitrator within 30 days after either Party’s request for arbitration, the arbitrator
will be chosen by JAMS. The arbitration proceeding shall commence on a mutually agreeable date within 90 days after the request for arbitration, unless otherwise agreed by the Parties, and in the location 

  

 15 

 
where the Executive worked during the six months immediately prior to the request for arbitration if that location is in Kansas or Virginia, and if not, the
location will be Kansas, unless the Parties agree otherwise. 
 (b) The Parties agree that each will bear their own costs and attorneys’
fees. The arbitrator shall not have authority to award attorneys’ fees or costs to any Party. 
 (c) The arbitrator shall have no power
or authority to make awards or orders granting relief that would not be available to a Party in a court of law. The arbitrator’s award is limited by and must comply with this Agreement and applicable federal, state, and local laws. The decision
of the arbitrator shall be final and binding on the Parties. 
 (d) Notwithstanding the foregoing, no claim or controversy for injunctive or
equitable relief contemplated by or allowed under applicable law pursuant to Sections 10, 11, 12 and 13 of this Agreement will be subject to arbitration under this Section 16, but will instead be subject to determination in a court of competent
jurisdiction in Kansas, which court shall apply Kansas law consistent with Section 21 of this Agreement, where either Party may seek injunctive or equitable relief. 
 17. Other Agreements. No agreements (other than the agreements evidencing any grants of equity awards) or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have
been made by either party which are not expressly set forth in this Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises, or other agreements, orally or otherwise, have been made by any party, or anyone
acting on behalf of any party, pertaining to the subject matter hereof, which are not embodied herein, and that no prior and/or contemporaneous agreement, statement or promise pertaining to the subject matter hereof that is not contained in this
Agreement shall be valid or binding on either party. 
 18. Withholding of Taxes. The Company will withhold from any amounts payable
under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any law or government regulation or ruling. 
 19. Successors and Binding Agreement. 
 (a) The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to perform this Agreement in the same manner and to the same extent the
Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or
indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the purposes of this
Agreement), but will not otherwise be assignable, transferable or delegable by the Company, except that the Company may assign and transfer this Agreement and delegate its duties thereunder to a wholly owned Subsidiary. 
  

 16 

 (b) This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or
legal representatives, executors, administrators, successors, heirs, distributees and legatees. 
 (c) This Agreement is personal in nature
and neither of the parties hereto shall, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 19(a) and 19(b). Without limiting the generality
or effect of the foregoing, the Executive’s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by the
Executive’s will or by the laws of descent and distribution and, in the event of any attempted assignment or transfer contrary to this Section 19(c), the Company shall have no liability to pay any amount so attempted to be assigned,
transferred or delegated. 
 20. Notices. All communications, including without limitation notices, consents, requests or approvals,
required or permitted to be given hereunder will be in writing and will be duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof confirmed), or five business days after having been mailed by United
States registered or certified mail, return receipt requested, postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as Federal Express or UPS, addressed to the Company (to the
attention of the General Counsel of the Company) at its principal executive offices and to the Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except
that notices of changes of address shall be effective only upon receipt. 
 21. Governing Law and Choice of Forum. 
 (a) This Agreement will be construed and enforced according to the laws of the State of Kansas, without giving effect to the conflict of laws principles
thereof. 
 (b) To the extent not otherwise provided for by Section 16 of this Agreement, the Executive and the Company consent to the
jurisdiction of all state and federal courts located in Overland Park, Johnson County, Kansas, as well as to the jurisdiction of all courts of which an appeal may be taken from such courts, for the purpose of any suit, action, or other proceeding
arising out of, or in connection with, this Agreement or that otherwise arise out of the employment relationship. Each party hereby expressly waives any and all rights to bring any suit, action, or other proceeding in or before any court or tribunal
other than the courts described above and covenants that it shall not seek in any manner to resolve any dispute other than as set forth in this paragraph. Further, the Executive and the Company hereby expressly waive any and all objections either
may have to venue, including, without limitation, the inconvenience of such forum, in any of such courts. In addition, each of the parties consents to the service of process by personal service or any manner in which notices may be delivered
hereunder in accordance with this Agreement. 
 22. Validity/Severability. If any provision of this Agreement or the application of
any provision is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision will not be affected, and the provision so held 

  

 17 

 
to be invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal.
To the extent any provisions held to be invalid, unenforceable or otherwise illegal cannot be reformed, such provisions are to be stricken herefrom and the remainder of this Agreement will be binding on the parties and their successors and assigns
as if such invalid or illegal provisions were never included in this Agreement from the first instance. 
 23. Survival of Provisions.
Notwithstanding any other provision of this Agreement, the parties’ respective rights and obligations under Sections 10, 11, 12, 13, 14, 15, 16, 18, 22 and 26 will survive any termination or expiration of this Agreement or the termination of
the Executive’s employment. 
 24. Representations and Acknowledgements. 
 (a) The Executive hereby represents that he is not subject to any restriction of any nature whatsoever on his ability to enter into this Agreement or to
perform his duties and responsibilities hereunder, including, but not limited to, any covenant not to compete with any former employer, any covenant not to disclose or use any non-public information acquired during the course of any former
employment or any covenant not to solicit any customer of any former employer. 
 (b) The Executive hereby represents that, except as he has
disclosed in writing to the Company, he is not bound by the terms of any agreement with any previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of the
Executive’s employment with the Company or to refrain from competing, directly or indirectly, with the business of such previous employer or any other party. 
 (c) The Executive further represents that, to the best of his knowledge, his performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement with another
party, including without limitation any agreement to keep in confidence proprietary information, knowledge or data the Executive acquired in confidence or in trust prior to his employment with the Company, and that he will not knowingly disclose to
the Company or induce the Company to use any confidential or proprietary information or material belonging to any previous employer or others. 
 (d) The Executive acknowledges that he will not be entitled to any consideration or reimbursement of legal fees in connection with execution of this Agreement. 
 (e) The Executive hereby represents and agrees that, during the Restricted Period, if the Executive is offered employment or the opportunity to enter into any business activity, whether as owner, investor, executive,
manager, employee, independent consultant, contractor, advisor or otherwise, the Executive will inform the offeror of the existence of Sections 10, 11, 12 and 13 of this Agreement and provide the offeror a copy thereof. The Executive authorizes the
Company to provide a copy of the relevant provisions of this Agreement to any of the persons or entities described in this Section 24(e) and to make such persons aware of the Executive’s obligations under this Agreement. 
 25. Compliance with Code Section 409A. It is intended that any amounts payable 

  

 18 

 
under this Agreement and the Company’s and the Executive’s exercise of authority or discretion hereunder shall comply with the provisions of
Section 409A of the Code and the treasury regulations relating thereto so as not to subject the Executive to the payment of the additional tax, interest and any tax penalty which may be imposed under Code Section 409A. In furtherance of
this interest, to the extent that any provision hereof would result in the Executive being subject to payment of the additional tax, interest and tax penalty under Code Section 409A, the parties agree to amend this Agreement in order to bring
this Agreement into compliance with Code Section 409A; and thereafter interpret its provisions in a manner that complies with Section 409A of the Code. Reference to Section 409A of the Code is to Section 409A of the Internal
Revenue Code of 1986, as amended, and will also include any proposed, temporary or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of Treasury or the Internal Revenue Service. Notwithstanding
the foregoing, no particular tax result for the Executive with respect to any income recognized by the Executive in connection with the Agreement is guaranteed, and the Executive shall be responsible for any taxes, penalties and interest imposed on
him under or as a result of Section 409A of the Code in connection with the Agreement. 
 26. Amendment; Waiver. Except as
otherwise provided herein, his Agreement may not be modified, amended or waived in any manner except by an instrument in writing signed by both Parties hereto. No waiver by either Party at any time of any breach by the other Party hereto or
compliance with any condition or provision of this Agreement to be performed by such other Party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 
 27. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same agreement. 
 28. Headings. Unless otherwise noted, the headings of sections herein are
included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 
 29. Defined Terms. 
 (a) “Agreement” has the meaning set forth in the preamble. 
 (b) “Base Salary” has the meaning set forth in Section 4(a). 
 (c) “Board” has the meaning set forth in Section 3(a). 
 (d) “Bonus Award” has the meaning set forth in Section 4(b)(i). 
 (e) “Bylaws”
means the Amended and Restated Sprint Nextel Corporation Bylaws, as may be amended from time to time. 
 (f) “Cause” shall mean:

  

 19 

 (i) any act or omission constituting a material breach by the Executive of any provisions
of this Agreement 
 (ii) the willful failure by the Executive to perform his duties hereunder (other than any such failure
resulting from the Executive’s Disability), after demand for performance is delivered by the Company that identifies the manner in which the Company believes the Executive has not performed his duties, if, within 30 days of such demand, the
Executive fails to cure any such failure capable of being cured; 
 (iii) any intentional act or misconduct materially
injurious to the Company or any Subsidiary, financial or otherwise, or including, but not limited to, misappropriation, fraud including with respect to the Company’s accounting and financial statements, embezzlement or conversion by the
Executive of the Company’s or any of its Subsidiary’s property in connection with the Executive’s duties or in the course of the Executive’s employment with the Company; 
 (iv) the conviction (or plea of no contest) of the Executive for any felony or the indictment of the Executive for any felony including,
but not limited to, any felony involving fraud, moral turpitude, embezzlement or theft in connection with the Executive’s duties or in the course of the Executive’s employment with the Company; 
 (v) the commission of any intentional or knowing violation of any antifraud provision of the federal or state securities laws; 

(vi) the Board reasonably believes in its good faith judgment that the Executive has committed any of the acts referred to in this
Section 29(g)(v); 
 (vii) there is a final, non-appealable order in a proceeding before a court of competent
jurisdiction or a final order in an administrative proceeding finding that the Executive committed any willful misconduct or criminal activity (excluding minor traffic violations or other minor offenses) which commission is materially inimical to
the interests of the Company or any Subsidiary, whether for his personal benefit or in connection with his duties for the Company or any Subsidiary; 
 (viii) current alcohol or prescription drug abuse affecting work performance; 
 (ix) current
illegal use of drugs; or 
 (x) violation of the Company’s Code of Conduct, with written notice of termination by the
Company for Cause in each case provided under this Section 29(g). 
 For purposes of this Agreement, no act or failure to act on the
part of the Executive shall be deemed “intentional” if it was due primarily to an error in judgment or negligence, but shall 

  

 20 

 
be deemed “intentional” only if done or omitted to be done by the Executive not in good faith and without reasonable belief that the
Executive’s action or omission was in the best interest of the Company. 
 (g) “Change in Control” has the meaning set forth
in the CIC Severance Plan. 
 (h) “Chief Executive Officer” has the meaning set forth in Section 3(a). 
 (i) “CIC Severance Plan” means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan,
program or arrangement thereto. 
 (j) “CIC Severance Protection Period” has the meaning set forth in the CIC Severance Plan.

 (k) “Certificate of Incorporation” means the Amended and Restated Articles of Incorporation of Sprint Nextel Corporation, as may
be amended from time to time. 
 (l) “Code” means the Internal Revenue Code of 1986, as amended from time to time, including any
rules and regulations promulgated thereunder, along with Treasury and IRS Interpretations thereof. Reference to any section or subsection of the Code includes reference to any comparable or succeeding provisions of any legislation that amends,
supplements or replaces such section or subsection. 
 (m) “Company” has the meaning set forth in the preamble. 
 (n) “Company Group” has the meaning set forth in Section 10(a)(i). 
 (o) “Compensation Committee” means the Human Capital and Compensation Committee of the Board. 
 (p) “Competitor” has the meaning set forth in Section 11(b). 
 (q) “Developments” has the meaning set forth in Section 13(a). 
 (r) “Disability” or “Disabled” shall mean: 
 (i) the Executive’s incapacity due to physical or mental illness to substantially perform his duties and the essential functions of
his position, with or without reasonable accommodation, on a full-time basis for six months as determined by the Board in its reasonable discretion, and within 30 days after a notice of termination is thereafter given by the Company, the Executive
shall not have returned to the full-time performance of the Executive’s duties; and, further, 
 (ii) the Executive
becomes eligible to receive benefits under the LTD Plan; 
  

 21 

 provided, however, if the Executive shall not agree with a determination to terminate his employment
because of Disability, the question of the Executive’s disability shall be subject to the certification of a qualified medical doctor agreed to by the Company and the Executive. The costs of such qualified medical doctor shall be paid for by
the Company. 
 (s) “Effective Date” has the meaning set forth in the preamble. 
 (t) “Employee Plans” has the meaning set forth in Section 5(a). 
 (u) “Employment Term” means the Initial Employment Term and any Renewal Term. 
 (v) “Executive” has the meaning set forth in the preamble. 
 (w) “Good Reason” means the occurrence of any of the following without the Executive’s written consent, unless within 30 days of the Executive’s written notice of termination of employment for Good
Reason, the Company cures any such occurrence: 
 (i) the Company’s material breach of this Agreement; 
 (ii) a material reduction in the Executive’s Base Salary, as set forth in Section 4(a), or Target Bonus, as set forth in
Section 4(b)(i) (that is not in either case agreed to by the Executive), as compared to the corresponding circumstances in place on the Effective Date as may be increased pursuant to Section 4, except for across-the-board reductions
generally applicable to all senior executives; or 
 (iii) relocation of the Executive’s principal place of work more
than 50 miles without the Executive’s consent. 
 Any occurrence of Good Reason shall be deemed to be waived by the Executive unless the Executive
provides the Company written notice of termination of employment for Good Reason within 60 days of the event giving rise to Good Reason. 
 (x) “Initial Employment Term” has the meaning set forth in Section 2. 
 (y) “JAMS” has the meaning set
forth in Section 16. 
 (z) “LTD Plan” has the meaning set forth in Section 9(e). 
 (aa) “LTSIP” means the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007 as may be amended from time to time, or any
successor plan, program or arrangement thereto. 
 (bb) “LTSIP Target Award Opportunities” has the meaning set forth in
Section 4(b)(ii). 
 (cc) “Parties” has the meaning set forth in the recitals. 
 (dd) “Party” has the meaning set forth in the recitals. 
  

 22 

 (ee) “Payment Period” means the remainder of the Employment Term following the latest of:
(i) the date specified in this Agreement, (ii) the Executive’s “separation from service” with the Company or (iii) if the Executive is a “specified employee” (within the meaning of Section 409A of the
Code and determined in accordance with procedures adopted by the Company), with respect to any amounts payable that constitutes deferred compensation within the meaning of Section 409A of the Code, the first business day of the seventh month
following the date of the Executive’s “separation from service” with the Company; except that, in the case clause (iii) applies, on such date, the Executive will be paid a lump-sum cash payment equal to the aggregate amount of
any such payments that constitutes deferred compensation (within the meaning of Section 409A of the Code) the Executive would have been entitled to receive during the six-month period following the Executive’s “separation from
service,” and the Executive’s Payment Period shall then be the remainder of the Employment Term commencing on such first business day of the seventh month following the Executive’s “separation from service.” “Separation
from service” has the meaning ascribed to such phrase in Code Section 409A. 
 (ff) “Place of Performance” has the
meaning set forth in Section 8. 
 (gg) “Proprietary Information” has the meaning set forth in Section 10(a)(i).

 (hh) “Release” has the meaning set forth in Section 9(b). 
 (ii) “Release Effective Date” has the meaning set forth in Section 9(b). 
 (jj) “Renewal Term” has the meaning set forth in Section 2. 
 (kk) “Restricted Period” means, following the Executive’s date of termination of employment with the Company for any reason or Cause, including for nonrenewal of this Agreement, Disability, termination
by the Company or termination by the Executive, the later of the third anniversary of the Effective Date or the end of the Employment Term. 
 (ll) “Separation Plan” means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto. 

(mm) “STIP” means the Company’s Short-Term Incentive Plan, effective January 1, 2008, as may be amended from time to time, or any
successor plan, program or arrangement thereto. 
 (nn) “Subsidiary” shall mean any entity, corporation, partnership (general or
limited), limited liability company, entity, firm, business organization, enterprise, association or joint venture in which the Company directly or indirectly controls ten percent (10%) or more of the voting interest. 
 (oo) “Target Bonuses” has the meaning set forth in Section 4(b)(i). 
 (pp) “Territory” has the meaning set forth in Section 11(b). 
  

 23 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by an officer pursuant to the
authority of its Board, and the Executive has executed this Agreement, as of the day and year first written above. 
  

			
	SPRINT NEXTEL CORPORATION
		
	By:	 	 /s/ Sandra J. Price

		 	Sandra J. Price
		 	Senior Vice President – Human Resources
		
		 	 /s/ Robert Brust

		 	Robert Brust

  

 24 

 Exhibit A 
 Boards on which the Executive may continue to serve: 
 Covidien Ltd. 
  

 25 

 Exhibit B 
 Stock Option Award Agreement 
 Sign-On Award 
 Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” We refer to this Employment Agreement dated as of May 1, 2008, between you
and us as the “Employment Agreement.” Certain other capitalized terms used and not defined herein are defined in the Employment Agreement. 
 1.
Award of Option Right 
 The Human Capital and Compensation Committee (the “Compensation Committee”) of the Board of
Directors of Sprint Nextel granted you an Option Right, effective as of the Effective Date (the “Date of Grant”), to purchase from us 667,201 shares of Series 1 common stock, par value $2.00 per share of Sprint Nextel (the “Common
Stock”) at an Option Price of $X.XX per share. The Option Right is governed by the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”) and is subject to the terms and conditions described in this Award
Agreement. The Option Right is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986 (the “Code”). 
 2. When the Option Right Becomes Exercisable 
 Your
Option Right becomes exercisable at a rate of 50 percent of the total number of shares subject to purchase on each of the second and third anniversaries of the Date of Grant, conditioned upon you continuously serving as our employee through those
vesting dates. You will forfeit the unvested shares under your Option Right if your service with us ends for any reason, unless vesting accelerates as described in paragraph 3 below. 
 3. Acceleration of Vesting 
 Unvested shares under your Option Right may become vested before the time
at which they would normally become vested by the passage of time — that is, the vesting may accelerate. Accelerated vesting can apply in the three circumstances described below. 
  

					
	 Event
	  	 Condition for acceleration
	  	 Effective date of acceleration

	 Death
	  	If you die before your Termination Date	  	Death
			
	 Disability
	  	If you have a termination of employment under circumstances that would make you eligible for benefits under the company’s long-term disability plan	  	Your Termination Date
			
	 Change in Control
	  	If you have a termination of employment during the CIC Severance Protection Period by the company without Cause or you resign with Good Reason.	  	The date of your involuntary termination without Cause (i.e., last day worked) during the CIC Severance Protection Period

 In the following case, vesting of your option will not accelerate, but the option will remain outstanding
after your termination of employment (but in no event beyond the Expiration Date of the option). 
  

					
	 Event
	  	 Condition for continued vesting
	  	 Effect on option

	Involuntary termination without Cause or Resignation with Good Reason (not in connection with a Change in Control)	  	If your termination is during the initial 24-month term	  	Your option will remain outstanding during the separation pay period and 50 percent of the shares underlying your option scheduled to vest on the scheduled 2nd anniversary will vest on that 2nd anniversary and remain outstanding until the 5
th anniversary of the Date of Grant, subject to your compliance with the restrictive covenants in your Employment Agreement. The 50 percent of the
shares underlying your option scheduled to vest on the scheduled 3rd anniversary will be forfeited.
			
		  	If your termination is after the initial 24-month term	  	Your option will remain outstanding during the separation pay period and 50 percent of the shares underlying your option scheduled to vest on the scheduled 3rd anniversary will vest on that 3rd anniversary and remain outstanding for 3 years
after your Termination Date, subject to your compliance with the restrictive covenants in your Employment Agreement.

 CIC Severance Protection Period is defined in the Plan. It means the time period commencing on the
date of the first occurrence of a Change in Control and continuing until the earlier of (i) the 18-month anniversary of such date or (ii) the Participant’s death. 
 Termination Date means your termination of employment, or if, after your involuntary termination you receive severance from us paid according to our
payroll 

 
cycle (i.e., not in a lump sum), Termination Date means the last day of your severance pay period. 
 4. Exercise of Option Right 
 To the extent it has
vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if the Option Right has not otherwise expired, been forfeited or terminated. To exercise you must: 
  

	 	•	 	 deliver a written election under procedures established by the Treasurer of Sprint Nextel (including by approved electronic medium) and

  

	 	•	 	 pay the Option Price. 

 You may pay the Option Price
by 
  

	 	•	 	 check or by wire transfer of immediately available funds, 

  

	 	•	 	 actual or constructive transfer of shares of Common Stock you have owned for at least six months having a market value on the Exercise Date equal to the total
Option Price, or 

  

	 	•	 	 by any combination of cash, shares of Common Stock and other consideration as the Compensation Committee may permit. 

 If you pay the Option Price by delivery of funds or shares of Common Stock, the value per share for purposes of determining your taxable income from such an exercise
will be the Market Value Per Share of the Common Stock on the immediately preceding day before the exercise except that we will use the average of the high and low prices on that date in lieu of the closing price. 
 To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a broker designated by the Treasurer of Sprint Nextel.
The Market Value Per Share for purposes of determining your taxable income from such an exercise will be the actual price at which the broker sold the shares. 
 5. Expiration of Option Right 
 Unless terminated earlier in accordance with the terms of this Award Agreement or the Plan,
the Option Right granted herein will expire at 4:00 P.M., U.S. Eastern Time, on the tenth anniversary of the Date of Grant (the “Expiration Date”). If the tenth anniversary of the Date of Grant, however, is a Saturday, Sunday or any other
day on which the market on which our Common Stock trades is closed (a “Non-Business Day”), then the Expiration Date will occur at 4:00 P.M., U.S. Eastern Time, on the first business day before the tenth anniversary of the Date of Grant.

 6. Effect of your Termination of Employment 
 The length of time you have to exercise your vested Option Right after your termination of employment from us depends on the reason for your termination. The table below describes the post-termination exercise period for the various
termination reasons. In no event, however, may you exercise your Option Right after the Expiration Date. 

			
	 Termination Event
	  	 Time to Exercise Vested Options

	Resignation	  	May exercise up to 3 years after your Termination Date
		
	Death *	  	May exercise up to 12 months after your Termination Date
		
	Disability *	  	May exercise up to 60 months after your termination of employment under circumstances that would make you eligible for benefits under the company’s long-term disability
plan
		
	If you have a termination of employment during the CIC Severance Protection Period by the company without Cause or you resign with Good Reason. *	  	May exercise up to 3 years after your Termination Date
		
	For Cause	  	Forfeited

  

	*	See paragraph 3 for rules regarding acceleration of vesting. 

 If the last
day to exercise under the schedule described in the table above is a Non-Business Day, then you must exercise no later than the previous business day. 
 You are solely responsible for managing the exercise of your Option Award in order to avoid inadvertent expiration. 
 7.
Transfer of your Option Right and Designation of Beneficiaries  
 Your Option Right represents a contract between Sprint Nextel and
you, and your rights under the contract are not assignable to any other party during your lifetime. Upon your death, your Option Right may be exercised in accordance with the terms of the Award by any beneficiary you name in a beneficiary
designation or, if you make no designation, by your estate. 
 8. Plan Terms 
 All capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the same meaning as those terms have in the Plan. The
terms of the Plan are hereby incorporated by this reference. The Plan is available on line at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI. 
 9. Adjustment 
 In the event of any change in the
number or kind of outstanding shares of our Common Stock by reason of a recapitalization, merger, consolidation, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other change in our corporate
structure or shares of our Common Stock, an appropriate adjustment will be made consistent with applicable provisions of the Code and applicable 

 
Treasury Department rulings and regulations in the number and kind of shares subject to outstanding Awards and any other adjustments as the Board deems
appropriate. 
 10. Amendment; Discretionary Nature of Plan 
 This Award Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Award Agreement may not be materially impaired by any amendment or
termination of the Plan approved after the Date of Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any
time. The grant of the Option Award under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Option Awards, other types of grants under the Plan, or benefits in lieu of such grants in the future.
Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of shares underlying the Option Award granted, and vesting provisions. 
 11. Data Privacy 
 By entering into this agreement,
you (i) authorize us, and any agent of ours administering the Plan or providing Plan recordkeeping services, to disclose to us or our subsidiaries such information and data as we or our subsidiaries request in order to facilitate the grant of
the Option Right and the administration of the Plan; (ii) waive any data privacy rights you may have with respect to such information; and (iii) authorize us to store and transmit such information in electronic form. 
 12. Governing Law 
 This Award Agreement will be
governed by the laws of the State of Kansas. No shares of Common Stock will be delivered upon the exercise of the Option Right unless counsel for the Company is satisfied that such delivery will be in compliance with all applicable laws. 

13. Severability 
 The various provisions of this
Award Agreement are severable, and any determination of invalidity or unenforceability of any one provision shall have no effect on the remaining provisions. 
 14. Entire Agreement 
 You hereby acknowledge that you have read the 2007 Omnibus Incentive Plan Information Statement dated
April 2008 (the “Information Statement”) available on line at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI. To the extent not inconsistent with the provisions of
this Award Agreement, the terms of the Information Statement and the Plan are hereby incorporated by reference. This Award Agreement, along with the Information Statement and the Plan, contain the entire understanding of the parties. 
  

			
	Sprint Nextel Corporation
		
	By:	 	  

	
	  

	[Executive]

 This document constitutes part of a prospectus covering securities that have been 

 registered under the Securities Act of 1933 

 Exhibit C 
 Restricted Stock Unit Award Agreement 
 Sign-On Award 
 Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” We refer to this Employment
Agreement dated as of May 1, 2008, between you and us as the “Employment Agreement.” Certain other capitalized terms used and not defined herein are defined in the Employment Agreement. 
 1. Award of Restricted Stock Units 
 The Human Capital
and Compensation Committee (the “Compensation Committee”) of the Board of Directors of Sprint Nextel granted you an Award, effective as of the Effective Date (the “Date of Grant”), of 469,484 Restricted Stock Units (RSUs) under
the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”) as of the Date of Grant. Subject to the restrictions and conditions of the Plan and this Award Agreement, each RSU represents the right for you to receive
from us one share of Common Stock on the Vesting Date and gives you the right to dividend equivalents as described in paragraph 3 below. Your right to receive shares of Common Stock under the RSUs is a contractual right between you and us and does
not give you a preferred claim to any particular assets or shares of Sprint Nextel. 
 2. Restriction Period 
 Your RSUs vest 50 percent on each of the second and third anniversaries of the Date of Grant, or on the date vesting is accelerated as described in
paragraph 5 below (the “Vesting Date”), conditioned upon you continuously serving as our employee through that Vesting Date. RSUs that are subject to forfeiture on your termination of service as an employee are called “unvested
RSUs,” and RSUs no longer subject to forfeiture or restrictions on transfer are called “vested RSUs.” 
 3. Dividends 
 If cash dividends are paid on the Common Stock underlying your RSUs, and you hold the RSUs on the dividend record date, each year you will receive a cash
payment equal to the amount of the dividend that would be paid on the Common Stock underlying your RSUs. 
 If non-cash dividends are paid on
the Common Stock underlying your RSUs, the Compensation Committee, in its sole discretion, may (1) adjust the RSUs as described in Section 9 of this Award Agreement or, (2) provide for distribution of the property distributed in the
non-cash dividend. If the Compensation Committee provides for distribution of the non-cash dividend, and you hold the RSUs on the dividend record date, your vesting and delivery dates for the property distributed on the Common Stock underlying your
RSUs will be the same as those dates for the RSUs. 
 4. Forfeiture of RSUs 
 You will forfeit unvested RSUs if you terminate your service with us for any reason (unless vesting of your RSUs accelerates under paragraph 5).

 5. Acceleration of Vesting; Continued Vesting during Separation Pay Period 

 Unvested RSUs may become vested RSUs before the time at which they would normally become vested —
that is, the vesting of RSUs may accelerate. Accelerated vesting occurs under the three circumstances described below: 
  

					
	 Event
	  	 Condition for acceleration
	  	 Effective date of acceleration

	Death	  	If you die before your Termination Date.	  	Death
			
	Disability	  	If you have a Separation from Service under circumstances that make you eligible for benefits under the company’s long-term disability plan.	  	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified employee” subject to this delay).
			
	Change in Control	  	If you have a Separation from Service during the CIC Severance Protection Period due to your termination by the company without Cause or your resignation with Good Reason.	  	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified employee” subject to this delay).

 In the following case, vesting of your RSUs will not accelerate, but the RSUs will remain
outstanding after your termination of employment. 
  

					
	 Event
	  	 Condition for continued vesting
	  	 Effect on RSUs

	Involuntary termination without Cause or Resignation with Good Reason (not in connection with a Change in Control)	  	If your termination is during the initial 24-month term	  	Your RSUs will remain outstanding during the separation pay period and 50 percent of the RSUs scheduled to vest on the scheduled 2nd anniversary will vest on that 2nd anniversary, subject to your compliance with
the restrictive covenants in your Employment Agreement. The 50 percent of the RSUs scheduled to vest on the scheduled 3rd anniversary will be
forfeited.
			
		  	If your termination is after the initial 24-month term	  	Your RSUs will remain outstanding during the separation pay period and 50 percent of the RSUs scheduled to vest on the scheduled 3rd anniversary will vest on that 3rd anniversary, subject to your compliance with
the restrictive covenants in your Employment Agreement.

 Termination Date means your termination of employment, or if, after your involuntary termination you
receive severance from us paid according to our payroll cycle (i.e., not in a lump sum), Termination Date means the last day of your severance pay period. 
 Separation from Service is defined in the Plan. Generally, it means the date of your termination of employment with us. To contrast the date of your Separation from Service from your Termination Date, if you are
involuntarily terminated and receive severance pay from us, your Separation from Service would occur on the last day you actually worked for us and your Termination Date would occur on the last day of your severance pay period. 
 Six-Month Payment Delay is defined in the Plan to mean the required delay in payment to a Participant who is a “specified employee” of amounts
subject to Section 409A of the Internal Revenue Code (the “Code”) that are paid upon Separation from Service. Specified employees, generally, are our 50 highest paid officers. 
 CIC Severance Protection Period is defined in the Plan. It means the time period commencing on the date of the first occurrence of a Change in Control
and continuing until the earlier of (i) the 18-month anniversary of such date or (ii) the Participant’s death. 
 6. Delivery Date; Market
Value Per Share 
 The Delivery Date is the date as of which we distribute the Common Stock underlying the RSUs to you. It is the Vesting
Date, or the day after the Six-Month Payment Delay if that delay applies to your RSUs. We calculate your taxable income on the Delivery Date using the Market Value Per Share on the immediately preceding trading day, but we use the average of the
high and low reported prices of our Common Stock instead of the closing price. We will distribute the Common Stock underlying the RSUs, as soon as practicable after the Delivery Date, but in no event later than 45 days after the Delivery Date.

 7. Transfer of your RSUs and Designation of Beneficiaries  
 Your RSUs represents a contract between Sprint Nextel and you, and your rights under the contract are not assignable to any other party during your lifetime. Upon your death, shares of Common Stock underlying your
RSUs will be delivered in accordance with the terms of the Award to any beneficiaries you name in a beneficiary designation or, if you make no designation, to your estate. 
 8. Plan Terms 
 All capitalized terms used in this Award Agreement that are not defined in this Award
Agreement have the same meaning as those terms have in the Plan. The terms of the Plan are hereby incorporated by this reference. The Plan is available on line at
http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI. 
 9. Adjustment 

 In the event of any change in the number or kind of outstanding shares of our Common Stock by reason of a
recapitalization, merger, consolidation, spin-off, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other change in our corporate structure or shares of our Common Stock, an appropriate adjustment
will be made consistent with applicable provisions of the Code and applicable Treasury Department rulings and regulations in the number and kind of shares subject to outstanding Awards and any other adjustments as the Board deems appropriate.

 10. Amendment; Discretionary Nature of Plan 
 This Award Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Award Agreement may not be materially impaired by any amendment or termination of the Plan
approved after the Date of Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by us, in our sole discretion, at any time. The grant of RSUs under the
Plan is a one-time benefit and does not create any contractual or other right to receive a grant of RSUs, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants, if any, will be at the sole discretion
of the Company, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting provisions. 
 11. Data Privacy 
 By entering into this agreement, you (i) authorize us, and any agent of ours administering the Plan
or providing Plan recordkeeping services, to disclose to us or our subsidiaries such information and data as we or our subsidiaries request in order to facilitate the grant of the RSUs and the administration of the Plan; (ii) waive any data
privacy rights you may have with respect to such information; and (iii) authorize us to store and transmit such information in electronic form. 
 12.
Governing Law 
 This Award Agreement will be governed by the laws of the State of Kansas. No shares of Common Stock will be delivered
to you upon the vesting of the RSUs unless counsel for the Company is satisfied that such delivery will be in compliance with all applicable laws. 
 13.
Severability 
 The various provisions of this Award Agreement are severable, and any determination of invalidity or unenforceability
of any one provision shall have no effect on the remaining provisions. 
 14. Taxes 
 You are liable for any and all taxes, including withholding taxes, arising out of this grant or the issuance of the Common Stock on vesting of RSUs. The
Company is authorized to deduct the amount of the tax withholding from the amount payable to you upon settlement of the RSUs. We will withhold from the total number of shares of Common Stock you are to receive the value equal to the amount necessary
to satisfy any such withholding obligation at the minimum applicable withholding rate. In addition, if 

 
you become subject to FICA or Medicare tax, but you are not yet entitled to delivery of the shares of Common Stock underlying the RSUs, you hereby authorize
us to withhold the resulting FICA or Medicare tax from other income payable to you. 
 15. Entire Agreement 
 You hereby acknowledge that you have read the 2007 Omnibus Incentive Plan Information Statement dated April 2008 (the “Information Statement”)
available at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI. To the extent not inconsistent with the provisions of this Award Agreement, the terms of the Information Statement
and the Plan are hereby incorporated by reference. This Award Agreement, along with the Information Statement and the Plan, contain the entire understanding of the parties. 
  

			
	Sprint Nextel Corporation
		
	By:	 	  

	
	  

	[Executive]

 This document constitutes part of a prospectus covering securities that have been 

 registered under the Securities Act of 1933

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]