Document:

Note Guaranty Insurance Policy dated 10/16/03 and dellivered by MBIA Insurance

	 MBIA 
	 Exhibit 4.4 

  
 NOTE GUARANTY INSURANCE POLICY 
  
 POLICY NUMBER: 42574(1) 
  

	OBLIGATIONS:	  	 AmeriCredit Automobile Receivables Trust 2003-D-M
 Automobile Receivables Backed Notes
 $227,000,000 Class A-1 Notes
 $440,000,000 Class A-2 Notes
 $75,000,000 Class A-3-A Notes
 $104,000,000 Class A-3-B Notes
 $354,000,000 Class A-4 Notes

  
 MBIA Insurance
Corporation (the “Insurer”), in consideration of the payment of the premium and subject to the terms of this Note Guaranty Insurance Policy (this “Policy”), hereby unconditionally and irrevocably guarantees to any Owner that an
amount equal to each full and complete Insured Payment will be received from the Insurer by JPMorgan Chase Bank, or its successors, as Trustee for the Owners (the “Trustee”), on behalf of the Owners, for distribution by the Trustee to each
Owner of each Owner’s proportionate share of the Insured Payment. The Insurer’s obligations hereunder with respect to a particular Insured Payment shall be discharged to the extent funds equal to the applicable Insured Payment are received
by the Trustee, whether or not such funds are properly applied by the Trustee. Insured Payments shall be made only at the time set forth in this Policy, and no accelerated Insured Payments shall be made regardless of any acceleration of the
Obligations, unless such acceleration is at the sole option of the Insurer. 
  
 Notwithstanding the foregoing paragraph, this Policy does not cover any shortfalls, if any, attributable to the liability of the Issuer or the Trustee for withholding taxes, if any (including interest and penalties in
respect of any such liability). 
  
 The Insurer will pay any
Insured Payment that is a Preference Amount on the Business Day following receipt on a Business Day by the Fiscal Agent (as described below) of (a) a certified copy of the order requiring the return of a preference payment, (b) an opinion of counsel
satisfactory to the Insurer that such order is final and not subject to appeal, (c) an assignment in such form as is reasonably required by the Insurer, irrevocably assigning to the Insurer all rights and claims of the Owner relating to or arising
under the Obligations against the debtor which made such preference payment or otherwise with respect to such preference payment and (d) appropriate instruments to effect the appointment of the Insurer as agent for such Owner in any legal proceeding
related to such preference payment, such instruments being in a form satisfactory to the Insurer, provided that if such documents are received after 12:00 noon, New York City time, on such Business Day, they will be deemed to be received on the
following Business Day. Such payments shall be disbursed to the receiver or trustee in bankruptcy named in the final order of the court exercising jurisdiction on behalf of the Owner and not to any Owner directly unless such Owner has returned
principal or interest paid on the Obligations to such receiver or trustee in bankruptcy, in which case such payment shall be disbursed to such Owner. 

 The Insurer will pay any other amount payable hereunder no later than 12:00 noon, New York City time, on
the later of the Distribution Date on which the related Deficiency Amount is due or the second Business Day following receipt in New York, New York on a Business Day by U.S. Bank Trust National Association, as Fiscal Agent for the Insurer, or any
successor fiscal agent appointed by the Insurer (the “Fiscal Agent”), of a Notice (as described below), provided that if such Notice is received after 12:00 noon, New York City time, on such Business Day, it will be deemed to be received
on the following Business Day. If any such Notice received by the Fiscal Agent is not in proper form or is otherwise insufficient for the purpose of making claim hereunder, it shall be deemed not to have been received by the Fiscal Agent for
purposes of this paragraph, and the Insurer or the Fiscal Agent, as the case may be, shall promptly so advise the Trustee and the Trustee may submit an amended Notice. 
  
 Insured Payments due hereunder, unless otherwise stated herein, will be disbursed by the Fiscal Agent to the Trustee on
behalf of the Owners by wire transfer of immediately available funds in the amount of the Insured Payment less, in respect of Insured Payments related to Preference Amounts, any amount held by the Trustee for the payment of such Insured Payment and
legally available therefor. 
  
 The Fiscal Agent is the agent of
the Insurer only, and the Fiscal Agent shall in no event be liable to Owners for any acts of the Fiscal Agent or any failure of the Insurer to deposit, or cause to be deposited, sufficient funds to make payments due under this Policy. 
  
 Subject to the terms of the Agreement, the Insurer shall be subrogated to the
rights of each Owner to receive payments under the Obligations to the extent of any payment by the Insurer hereunder. 
  
 As used herein, the following terms shall have the following meanings: 
  
 “Agreement” means the Indenture dated as of October 10, 2003 among AmeriCredit Automobile Receivables Trust
2003-D-M, as Issuer and JPMorgan Chase Bank, as Trustee and Trust Collateral Agent, and the Sale and Servicing Agreement dated as of October 10, 2003 among AmeriCredit Automobile Receivables Trust 2003-D-M, as Issuer, AFS Sensub Corp., as Seller,
AmeriCredit Financial Services, Inc., as Servicer, JPMorgan Chase Bank, as Trust Collateral Agent, and Systems & Services Technologies, Inc., as Backup Servicer, without regard to any amendment or supplement thereto, unless such amendment or
supplement has been approved in writing by the Insurer. 
  
 “Business Day” means any day other than (a) a Saturday or a Sunday (b) a day on which the Insurer is closed or (c) a day on which banking institutions in New York City, Fort Worth, Texas, or in the city in which the
corporate trust office of the Trustee under the Agreement is located are authorized or obligated by law or executive order to close. 
  
 “Deficiency Amount” means, for any Distribution Date, an amount equal to the excess, if any, of (a) the sum, without duplication, of (i)
the Noteholders’ Interest Distributable Amount (net of any interest shortfall resulting from the application of the Soldiers’ and Sailors’ Civil Relief Act of 1940, as amended, or any similar state legislation or regulations), (ii)
the Noteholders’ Parity Deficit Amount for the related Distribution Date and (iii) if the related Distribution Date is the Final Scheduled Distribution Date for any Class, the unpaid principal amount of the Class over (b) the sum of (i) the
amount actually deposited into the Note Distribution Account on the related Distribution Date (excluding amounts to be drawn under the Insurance Policy) and (ii) Additional Funds Available, if any, for the Distribution Date. 
  

 2 

 “Insured Payment” means (a) as of any Distribution Date, any Deficiency Amount and (b)
any Preference Amount. 
  
 “Notice” means the
telephonic or telegraphic notice, promptly confirmed in writing by facsimile substantially in the form of Exhibit A attached hereto, the original of which is subsequently delivered by registered or certified mail, from the Trustee specifying the
Insured Payment which shall be due and owing on the applicable Distribution Date. 
  
 “Owner” means each Note Owner (as defined in the Agreement) who, on the applicable Payment Date, is entitled under the terms of the applicable Obligations to payment thereunder. 
  
 “Preference Amount” means any amount previously distributed
to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time in accordance with a final
nonappealable order of a court having competent jurisdiction. 
  
 Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Agreement as of the date of execution of this Policy, without giving effect to any subsequent amendment to or modification of
the Agreement unless such amendment or modification has been approved in writing by the Insurer. 
  
 Any notice hereunder or service of process on the Fiscal Agent may be made at the address listed below for the Fiscal Agent or such other address as the
Insurer shall specify in writing to the Trustee. 
  
 The notice
address of the Fiscal Agent is 15th Floor, 61 Broadway, New York, New York 10006, Attention: Municipal Registrar and
Paying Agency, or such other address as the Fiscal Agent shall specify to the Trustee in writing. 
  
 THIS POLICY IS BEING ISSUED UNDER AND PURSUANT TO, AND SHALL BE CONSTRUED UNDER, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT
OF LAWS PRINCIPLES THEREOF. 
  
 The insurance provided by this
Policy is not covered by the Property/Casualty Insurance Security Fund specified in Article 76 of the New York Insurance Law. 
  
 This Policy is not cancelable for any reason. The premium on this Policy is not refundable for any reason, including payment, or provision being made for
payment, prior to maturity of the Obligations. 
  

 3 

 IN WITNESS WHEREOF, the Insurer has caused this Policy to be executed and attested this 16th day of October, 2003. 
  

	 MBIA INSURANCE CORPORATION

		
	 By
	 	 /s/ Gary C. Dunton

	 	 	 President

	
	 Attest:

		
	 By
	 	 /s/ Adam M. Carta

	 	 	 Assistant Secretary

  

 4 

 EXHIBIT A 
  

TO NOTE GUARANTY INSURANCE 
 POLICY
NUMBER: 42574(1) 
  
 NOTICE UNDER NOTE GUARANTY

 INSURANCE POLICY NUMBER: 42574(1) 
  
 U.S. Bank Trust National Association, as Fiscal Agent 
 for MBIA Insurance Corporation 
 15th Floor 
 61 Broadway 
 New York, NY 10006 
 Attention: Municipal Registrar and 
 Paying Agency 
  
 MBIA Insurance Corporation 
 113 King Street 
 Armonk, NY 10504 
  
 The undersigned, a duly authorized officer of [NAME OF TRUSTEE], as Trustee (the
”Trustee”), hereby certifies to State Street Bank and Trust Company, N.A. (the “Fiscal Agent”) and MBIA Insurance Corporation (the “Insurer”), with reference to Note Guaranty Insurance Policy Number: 42574(1) (the
“Policy”) issued by the Insurer in respect of the AmeriCredit Automobile Receivables Trust 2003-D-M Automobile Receivables Backed Notes $227,000,000 Class A-1 Notes, $440,000,000 Class A-2-A Notes, $75,000,000 Class A-3-A Notes,
$104,000,000 Class A-3-B Notes, $354,000,000 Class A-4 Notes (the “Obligations”), that: 
  
 (a) the Trustee is the Trustee under the Indenture dated as of October 10, 2003 among AmeriCredit Automobile Receivables Trust 2003-D-M,
as Issuer and JPMorgan Chase Bank, as Trustee and as Trust Collateral Agent; 
  
 (b) the amount under clause (a)(i) of the definition of Deficiency Amount for the Distribution Date occurring on [            ] (the “Applicable
Distribution Date”) is $[            ]; 
  
 (c) the amount under clause (a)(ii) of the definition of Deficiency Amount for the Applicable Distribution Date is
$[            ]; 
  
 (d) the amount under clause (a)(iii) of the definition of Deficiency Amount for the Applicable Distribution Date is
$[            ]; 
  
 (e) the amount under clause (b)(i) of the definition of Deficiency Amount for the Applicable Distribution Date is
$[            ]; 

 (f) the amount under clause (b)(ii) of the definition of Deficiency Amount for the
Applicable Distribution Date is $[            ]; 
  
 (g) the excess of (1) the sum of the amounts listed in paragraphs (b), (c) and (d) above over (2) the sum of the amounts listed in
paragraphs (e) and (f) above, as of the date of this Notice, is $[            ] (the “Deficiency Amount”); 
  
 (h) the amount of previously distributed payments on the Obligations that is recoverable and sought to be
recovered as a voidable preference by a trustee in bankruptcy pursuant to the Bankruptcy Code in accordance with a final nonappealable order of a court having competent jurisdiction is
$[            ] (the “Preference Amount”); 
  
 (i) the total Insured Payment due is $[            ], which amount
equals the sum of the Deficiency Amount and the Preference Amount; 
  
 (j) the Trustee is making a claim under and pursuant to the terms of the Policy for the dollar amount of the Insured Payment set forth in (e) above to be applied to the payment of the Deficiency Amount for the
Applicable Distribution Date in accordance with the Agreement and for the dollar amount of the Insured Payment set forth in (f) above to be applied to the payment of any Preference Amount; and 
  
 (k) the Trustee directs that payment of the Insured Payment
be made to the following account by bank wire transfer of federal or other immediately available funds in accordance with the terms of the Policy: [TRUSTEE’S ACCOUNT NUMBER]. 
  
 Any capitalized term used in this Notice and not otherwise defined herein shall have the meaning assigned thereto in the
Policy. 
  
 Any Person Who Knowingly And With Intent To Defraud
Any Insurance Company Or Other Person Files An Application For Insurance Or Statement Of Claim Containing Any Materially False Information, Or Conceals For The Purpose Of Misleading, Information Concerning Any Fact Material Thereto, Commits A
Fraudulent Insurance Act, Which Is A Crime, And Shall Also Be Subject To A Civil Penalty Not To Exceed Five Thousand Dollars And The Stated Value Of The Claim For Each Such Violation. 
  
 IN WITNESS WHEREOF, the Trustee has executed and delivered this Notice under the Policy as of the
[    ] day of [            ], [            ]. 
  

	 [NAME OF TRUSTEE], as Trustee

		
	By	 	 
	 	

	 Title
	 	  

  

 A-2Purchase Agreement dated 10/10/03 between Americredit and AFS SenSub

 Exhibit 10.1 
  
 PURCHASE AGREEMENT 
  
 between 
  
 AFS SENSUB CORP. 
 Purchaser 
  
 and 
  
 AMERICREDIT FINANCIAL SERVICES, INC. 
 Seller 
  
 Dated as of
October 10, 2003 

 TABLE OF CONTENTS 
  

	 	  	Page

	 ARTICLE I. DEFINITIONS
	  	1
			
	 SECTION 1.1
	  	 General
	  	1
	 SECTION 1.2
	  	 Specific Terms
	  	1
	 SECTION 1.3
	  	 Usage of Terms
	  	3
	 SECTION 1.4
	  	 [Reserved]
	  	3
	 SECTION 1.5
	  	 No Recourse
	  	3
	 SECTION 1.6
	  	 Action by or Consent of Noteholders and Certificateholder
	  	3
	 SECTION 1.7
	  	 Material Adverse Effect
	  	3
		
	 ARTICLE II. CONVEYANCE OF THE RECEIVABLES AND THE OTHER CONVEYED PROPERTY
	  	4
			
	 SECTION 2.1
	  	 Conveyance of the Receivables and the Other Conveyed Property
	  	4
	 SECTION 2.2
	  	 Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property
	  	4
		
	 ARTICLE III. REPRESENTATIONS AND WARRANTIES
	  	5
			
	 SECTION 3.1
	  	 Representations and Warranties of Seller
	  	5
	 SECTION 3.2
	  	 Representations and Warranties of Purchaser
	  	7
		
	 ARTICLE IV. COVENANTS OF SELLER
	  	8
			
	 SECTION 4.1
	  	 Protection of Title of Purchaser
	  	8
	 SECTION 4.2
	  	 Other Liens or Interests
	  	10
	 SECTION 4.3
	  	 Costs and Expenses
	  	10
	 SECTION 4.4
	  	 Indemnification
	  	10
		
	 ARTICLE V. REPURCHASES
	  	12
			
	 SECTION 5.1
	  	 Repurchase of Receivables Upon Breach of Warranty
	  	12
	 SECTION 5.2
	  	 Reassignment of Purchased Receivables
	  	13
	 SECTION 5.3
	  	 Waivers
	  	13
		
	 ARTICLE VI. MISCELLANEOUS
	  	13
			
	 SECTION 6.1
	  	 Liability of Seller
	  	13
	 SECTION 6.2
	  	 Merger or Consolidation of Seller or Purchaser
	  	13
	 SECTION 6.3
	  	 Limitation on Liability of Seller and Others
	  	14
	 SECTION 6.4
	  	 Seller May Own Notes or the Certificate
	  	14
	 SECTION 6.5
	  	 Amendment
	  	15
	 SECTION 6.6
	  	 Notices
	  	15
	 SECTION 6.7
	  	 Merger and Integration
	  	16
	 SECTION 6.8
	  	 Severability of Provisions
	  	16
	 SECTION 6.9
	  	 Intention of the Parties
	  	16
	 SECTION 6.10
	  	 Governing Law
	  	17
	 SECTION 6.11
	  	 Counterparts
	  	17
	 SECTION 6.12
	  	 Conveyance of the Receivables and the Other Conveyed Property to the Issuer
	  	17
	 SECTION 6.13
	  	 Nonpetition Covenant
	  	18
	 SECTION 6.14
	  	 Benefits of Purchase Agreement
	  	18

  

 i 

		
	 SCHEDULES
	  	 
		
	 Schedule A — Schedule of Initial Receivables
	  	 
	 Schedule B — Representations and Warranties from AFS as to the Receivables
	  	 
		
	 EXHIBITS
	  	 
		
	 Exhibit A — Form of Subsequent Purchase Agreement
	  	 

  

 ii 

 PURCHASE AGREEMENT 
  
 THIS PURCHASE AGREEMENT, dated as of October 10, 2003, executed among AFS SenSub Corp., a Nevada corporation, as purchaser
(“Purchaser”) and AmeriCredit Financial Services, Inc., a Delaware corporation, as Seller (“Seller”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, Purchaser has agreed to purchase from the Seller, and the Seller, pursuant to this Agreement, is transferring to
Purchaser the Initial Receivables and Initial Other Conveyed Property and with respect to the Subsequent Receivables will transfer on the related Subsequent Transfer Date the Subsequent Receivables and Subsequent Other Conveyed Property. 

 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements
hereinafter contained, and for other good and valuable consideration, the receipt of which is acknowledged, Purchaser and the Seller, intending to be legally bound, hereby agree as follows: 
  
 ARTICLE I. 
  
 DEFINITIONS 
  
 SECTION 1.1 General. The specific terms defined in this Article
include the plural as well as the singular. The words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other
subdivision, and Article, Section, Schedule and Exhibit references, unless otherwise specified, refer to Articles and Sections of and Schedules and Exhibits to this Agreement. Capitalized terms used herein without definition shall have the
respective meanings assigned to such terms in the Sale and Servicing Agreement dated as of October 10, 2003, by and among AFS SenSub Corp. (as Seller), AmeriCredit Financial Services, Inc. (in its individual capacity and as Servicer), AmeriCredit
Automobile Receivables Trust 2003-D-M (as Issuer), JPMorgan Chase Bank, as Trust Collateral Agent and Systems & Services Technologies, Inc., as Backup Servicer. 
  
 SECTION 1.2 Specific Terms. Whenever used in this Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings: 
  
 “Agreement” shall mean this Purchase Agreement and all amendments hereof and supplements hereto. 
  
 “Closing Date” means October 16, 2003. 
  
 “Initial Other Conveyed Property” means all property conveyed by the Seller to the Purchaser pursuant to this Agreement other than the
Initial Receivables. 
  
 “Initial Receivables”
means the Receivables listed on the Schedule of Initial Receivables attached hereto. 

 “Issuer” means AmeriCredit Automobile Receivables Trust 2003-D-M. 
  
 “Owner Trustee” means Wilmington Trust Company, as Owner
Trustee appointed and acting pursuant to the Trust Agreement. 
  
 “Receivables” means the Initial Receivables and the Subsequent Receivables. 
  
 “Related Documents” means the Notes, the Certificate, the Custodian Agreement, the Sale and Servicing Agreement, the Indenture, the Trust
Agreement, the Note Policy, the Spread Account Agreement, the Insurance Agreement, the Lockbox Agreement, the Underwriting Agreement and, with respect to the Subsequent Receivables, each Subsequent Purchase Agreement and each Subsequent Transfer
Agreement. The Related Documents to be executed by any party are referred to herein as “such party’s Related Documents,” “its Related Documents” or by a similar expression. 
  
 “Repurchase Event” means the occurrence of a breach of any
of the Seller’s representations and warranties hereunder or any other event which requires the repurchase of a Receivable by the Seller under the Sale and Servicing Agreement. 
  
 “Sale and Servicing Agreement” means the Sale and Servicing Agreement referred to in Section 1.1 hereof.

  
 “Schedule of Representations” means the
Schedule of Representations and Warranties attached hereto as Schedule B. 
  
 “Schedule of Initial Receivables” means the schedule of Initial Receivables sold and transferred pursuant to this Agreement which is attached hereto as Schedule A. 
  
 “Subsequent Cutoff Date” means the date specified in the
related Subsequent Transfer Agreement, provided, however that such date shall be on or before the Subsequent Transfer Date. 
  
 “Subsequent Other Conveyed Property” means all property conveyed by the Seller to the Purchaser pursuant to the related Subsequent
Purchase Agreement other than the Subsequent Receivables. 
  
 “Subsequent Purchase Agreement” means an agreement by and between the Seller and the Purchaser pursuant to which the Purchaser will acquire Subsequent Receivables. 
  
 “Subsequent Receivables” means Receivables transferred to
the Purchaser pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Purchase Agreement. 
  
 “Subsequent Transfer Agreement” means an agreement among the Issuer, the Seller and the Servicer, substantially in the form of Exhibit A
to the Sale and Servicing Agreement. 
  

 2 

 “Subsequent Transfer Date” means, with respect to Subsequent Receivables, any date,
occurring not more frequently than once a month, during the Funding Period on which Subsequent Receivables are to be transferred to the Purchaser pursuant to this Agreement, and a Subsequent Purchase Agreement is executed and delivered. 

 
 “Trust Collateral Agent” means JPMorgan Chase Bank, as
trust collateral agent and any successor trust collateral agent appointed and acting pursuant to the Sale and Servicing Agreement. 
  
 “Trustee” means JPMorgan Chase Bank, as trustee and any successor Trustee appointed and acting pursuant to the Indenture. 
  
 SECTION 1.3 Usage of Terms. With respect to all terms used in this
Agreement, the singular includes the plural and the plural the singular; words importing any gender include the other gender; references to “writing” include printing, typing, lithography, and other means of reproducing words in a visible
form; references to agreements and other contractual instruments include all subsequent amendments thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement or the Sale and Servicing
Agreement; references to Persons include their permitted successors and assigns; and the terms “include” or “including” mean “include without limitation” or “including without limitation.” 
  
 SECTION 1.4 [Reserved] 
  
 SECTION 1.5 No Recourse. Without limiting the obligations of Seller
hereunder, no recourse may be taken, directly or indirectly, under this Agreement or any certificate or other writing delivered in connection herewith or therewith, against any stockholder, officer or director, as such, of Seller, or of any
predecessor or successor of Seller. 
  
 SECTION 1.6 Action by
or Consent of Noteholders and Certificateholder. Whenever any provision of this Agreement refers to action to be taken, or consented to, by Noteholders or the Certificateholder, such provision shall be deemed to refer to the Certificateholder or
Noteholder, as the case may be, of record as of the Record Date immediately preceding the date on which such action is to be taken, or consent given, by Noteholders or the Certificateholder. Solely for the purposes of any action to be taken, or
consented to, by Noteholders or the Certificateholder, any Note or Certificate registered in the name of the Seller or any Affiliate thereof shall be deemed not to be outstanding; provided, however, that, solely for the purpose of determining
whether the Trustee or the Trust Collateral Agent is entitled to rely upon any such action or consent, only Notes or Certificates which the Owner Trustee, the Trustee or the Trust Collateral Agent, respectively, knows to be so owned shall be so
disregarded. 
  
 SECTION 1.7 Material Adverse Effect.
Whenever a determination is to be made under this Agreement as to whether a given event, action, course of conduct or set of facts or circumstances could or would have a material adverse effect on the Noteholders (or any similar or analogous
determination), such determination shall be made without taking into account the funds available from claims under the Note Policy. 
  

 3 

 ARTICLE II. 
  
 CONVEYANCE OF THE RECEIVABLES 
 AND THE OTHER CONVEYED PROPERTY 
  
 SECTION 2.1 Conveyance of the Initial Receivables and the Initial Other Conveyed Property. 
  
 (a) Subject to the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, and otherwise conveys to Purchaser
without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of
Seller and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of
any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any
bankruptcy or similar law. 
  
 (b) Simultaneously
with the conveyance of the Initial Receivables and the Initial Other Conveyed Property to Purchaser, Purchaser has paid or caused to be paid to or upon the order of Seller $1,098,003,589.01 for the Initial Receivables sold by Seller, as set forth on
the books and records of Seller, by wire transfer of immediately available funds and the remainder as a contribution to the capital of the Purchaser (a wholly-owned subsidiary of Seller). 
  
 SECTION 2.2 Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property. 
  
 (a) On each Subsequent Transfer Date and simultaneously with
the execution and delivery of the related Subsequent Purchase Agreement, the Seller shall sell, transfer, assign, and otherwise convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser shall
purchase, all right, title and interest of Seller in and to the Subsequent Receivables and the Subsequent Other Conveyed Property. It is the intention of Seller and Purchaser that the transfer and assignment contemplated by such Subsequent Purchase
Agreement shall constitute a sale of the Subsequent Receivables and the Subsequent Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Subsequent
Receivables and the Subsequent Other Conveyed Property shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law. 
  
 (b) Simultaneously with the conveyance of the Subsequent
Receivables and the Subsequent Other Conveyed Property to Purchaser, Purchaser shall pay or cause to be paid to or upon the order of Seller the amount set forth in the related Subsequent Purchase Agreement. 
  

 4 

 ARTICLE III. 
  
 REPRESENTATIONS AND WARRANTIES 
  
 SECTION 3.1 Representations and Warranties of Seller. Seller makes the following representations and warranties as of
the date hereof and as of the Subsequent Transfer Date, as the case may be, on which Purchaser relies in purchasing the Receivables and the Other Conveyed Property and in transferring the Receivables and the Other Conveyed Property to the Issuer
under the Sale and Servicing Agreement and on which the Insurer will rely in issuing the Note Policy and the Swap Provider Policy. Such representations are made as of the execution and delivery of this Agreement and as of the execution and delivery
of any Subsequent Purchase Agreement, but shall survive the sale, transfer and assignment of the Receivables and the Other Conveyed Property hereunder and under any Subsequent Purchase Agreement, and the sale, transfer and assignment thereof by
Purchaser to the Issuer under the Sale and Servicing Agreement. Seller and Purchaser agree that Purchaser will assign to Issuer all Purchaser’s rights under this Agreement and that the Trustee will thereafter be entitled to enforce this
Agreement against Seller in the Trustee’s own name on behalf of the Noteholders. 
  
 (a) Schedule of Representations. The representations and warranties set forth on the Schedule of Representations with respect to
the Initial Receivables as of the date hereof, and with respect to the Subsequent Receivables as of the related Subsequent Transfer Date, are true and correct. 
  

(b) Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation 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 currently owned and such business is currently conducted, and had at all relevant times, and now has, power,
authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser. 
  
 (c) Due Qualification. Seller 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 its property or the conduct of its business requires such qualification. 
  
 (d) Power and Authority. Seller has the power and authority to execute and deliver this Agreement and
its Related Documents and to carry out its terms and their terms, respectively; Seller has full power and authority to sell and assign the Receivables and the Other Conveyed Property to be sold and assigned to and deposited with Purchaser hereunder
and has duly authorized such sale and assignment to Purchaser by all necessary corporate action; and the execution, delivery and performance of this Agreement and Seller’s Related Documents have been duly authorized by Seller by all necessary
corporate action. 
  
 (e) Valid Sale; Binding
Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, 

  

 5 

 
enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents constitute legal, valid and
binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights
generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law. 
  
 (f) No Violation. The consummation of the transactions contemplated by this Agreement and the Related
Documents, and the fulfillment of the terms of this Agreement and the Related Documents, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice, lapse of time or both) a default
under, the articles of incorporation or bylaws of Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which Seller is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of
its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, the Spread Account Agreement, the Sale and Servicing Agreement and the Indenture, or violate any law,
order, rule or regulation applicable to Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over Seller or any of its properties. 
  
 (g) No Proceedings. There are no proceedings or
investigations pending or, to Seller’s knowledge, threatened against Seller, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over Seller or its properties (i)
asserting the invalidity of this Agreement or any of the Related Documents, (ii) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (iii)
seeking any determination or ruling that might materially and adversely affect the performance by Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or (iv) seeking to affect
adversely the federal income tax or other federal, state or local tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the Receivables and the Other Conveyed Property hereunder
or under the Sale and Servicing Agreement. 
  
 (h) True Sale. The Receivables are being transferred with the intention of removing them from Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time. 
  
 (i) Chief Executive Office. The chief executive
office of Seller is located at 801 Cherry Street, Suite 3900, Fort Worth, Texas 76102. 
  

 6 

 SECTION 3.2 Representations and Warranties of Purchaser. Purchaser makes the following
representations and warranties, on which Seller relies in selling, assigning, transferring and conveying the Receivables and the Other Conveyed Property to Purchaser hereunder. Such representations are made as of the execution and delivery of this
Agreement, but shall survive the sale, transfer and assignment of the Receivables and the Other Conveyed Property hereunder and the sale, transfer and assignment thereof by Purchaser to the Issuer under the Sale and Servicing Agreement. 

 
 (a) Organization and Good Standing. Purchaser has
been duly organized and is validly existing and in good standing as a corporation under the laws of the State of Nevada, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such
business is currently conducted, and had at all relevant times, and has, full power, authority and legal right to acquire and own the Receivables and the Other Conveyed Property, and to transfer the Receivables and the Other Conveyed Property to the
Issuer pursuant to the Sale and Servicing Agreement. 
  
 (b) Due Qualification. Purchaser is duly qualified to do business as a foreign corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and
adversely affect Purchaser’s ability to acquire the Receivables or the Other Conveyed Property, and to transfer the Receivables and the Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement, or the validity or
enforceability of the Receivables and the Other Conveyed Property or to perform Purchaser’s obligations hereunder and under the Purchaser’s Related Documents. 
  
 (c) Power and Authority. Purchaser has the power, authority and legal right to execute and deliver
this Agreement and to carry out the terms hereof and to acquire the Receivables and the Other Conveyed Property hereunder; and the execution, delivery and performance of this Agreement and all of the documents required pursuant hereto have been duly
authorized by Purchaser by all necessary corporate action. 
  
 (d) No Consent Required. Purchaser is not required to obtain the consent of any other Person, or any consent, license, approval or authorization or registration or declaration with, any governmental authority,
bureau or agency in connection with the execution, delivery or performance of this Agreement and the Related Documents, except for such as have been obtained, effected or made. 
  
 (e) Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of
Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable
principles. 
  
 (f) No Violation. The
execution, delivery and performance by Purchaser of this Agreement, the consummation of the transactions contemplated by this Agreement and the Related Documents and the fulfillment of the terms of this Agreement and the Related Documents do not and
will not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the certificate of incorporation or by-laws of Purchaser, or conflict with or breach any of
the terms or provisions of, or constitute (with or without notice or lapse of time) a default under, any indenture, agreement, mortgage, deed of trust or other instrument to which 

  

 7 

 
Purchaser is a party or by which Purchaser is bound or to which any of its properties are subject, or result in the creation or imposition of any Lien upon
any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument (other than the Sale and Servicing Agreement and the Spread Account Agreement), or violate any law, order, rule or regulation,
applicable to Purchaser or its properties, of any federal or state regulatory body, any court, administrative agency, or other governmental instrumentality having jurisdiction over Purchaser or any of its properties. 
  
 (g) No Proceedings. There are no proceedings or
investigations pending, or, to the knowledge of Purchaser, threatened against Purchaser, before any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality having jurisdiction over Purchaser or its
properties: (i) asserting the invalidity of this Agreement or any of the Related Documents, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (iii) seeking any
determination or ruling that might materially and adversely affect the performance by Purchaser of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or (iv) that may adversely affect the
federal or state income tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the Receivables and the Other Conveyed Property hereunder or the transfer of the Receivables and the
Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement. 
  
 In the event of any breach of a representation and warranty made by Purchaser hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity
or otherwise, until a year and a day have passed since the date on which all Notes, Certificates, pass-through certificates or other similar securities issued by Purchaser, or a trust or similar vehicle formed by Purchaser, have been paid in full.
Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by Purchaser, Issuer or by the Trustee on behalf of the Noteholders and Owner Trustee on behalf of the
Certificateholder. 
  
 ARTICLE IV. 
  
 COVENANTS OF SELLER 
  
 SECTION 4.1 Protection of Title of Purchaser. 
  
 (a) At or prior to the Closing Date, Seller shall have filed
or caused to be filed a UCC-1 financing statement, naming Seller as seller or debtor, naming Purchaser as purchaser or secured party and describing the Initial Receivables and the Initial Other Conveyed Property being sold by it to Purchaser as
collateral, with the office of the Secretary of State of the State of Delaware and in such other locations as Purchaser shall have required. At or prior to any Subsequent Transfer Date, Seller shall file or cause to be filed a UCC-1 financing
statement naming Seller as seller or debtor, naming the Purchaser as purchaser or secured party and describing the Subsequent Receivables and the Subsequent Other Conveyed Property being sold by it to the Purchaser as collateral, 

  

 8 

 
with the office of the Secretary of State of the State of Delaware and in such other locations as Purchaser shall require. From time to time thereafter,
Seller shall execute and file such financing statements and cause to be executed and filed such continuation statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of
Purchaser under this Agreement, of the Issuer under the Sale and Servicing Agreement and of the Trust Collateral Agent under the Indenture in the Receivables and the Other Conveyed Property and in the proceeds thereof. Seller shall deliver (or cause
to be delivered) to Purchaser, the Trust Collateral Agent and the Insurer file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing. In the event that Seller fails to perform its
obligations under this subsection, Purchaser, Issuer or the Trust Collateral Agent may do so, at the expense of such Seller. In furtherance of the foregoing, the Seller hereby authorizes the Purchaser, the Issuer or the Trust Collateral Agent to
file a record or records (as defined in the applicable UCC), including, without limitation, financing statements, in all jurisdictions and with all filing offices as each may determine, in its sole discretion, are necessary or advisable to perfect
the security interest granted to the Purchaser pursuant to Section 6.9 of this Agreement. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that
describes such property in any other manner as such party may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Purchaser herein. 
  
 (b) Seller shall not change its name, identity, state of
incorporation or corporate structure in any manner that would, could or might make any financing statement or continuation statement filed by Seller (or by Purchaser, Issuer or the Trust Collateral Agent on behalf of Seller) in accordance with
paragraph (a) above seriously misleading within the meaning of §9-506 of the applicable UCC, unless they shall have given Purchaser, Issuer, the Insurer and the Trust Collateral Agent at least 60 days’ prior written notice thereof, and
shall promptly file appropriate amendments to all previously filed financing statements and continuation statements. 
  
 (c) Seller shall give Purchaser, the Issuer, the Insurer (so long as an Insurer Default shall not have occurred and be continuing) and the
Trust Collateral Agent at least 60 days’ prior written notice of any relocation that would result in a change of location of the debtor within the meaning of Section 9-307 of the applicable UCC. Seller shall at all times maintain each office
from which it services Receivables and its principal executive office within the United States of America. 
  
 (d) Prior to the Closing Date and with respect to Subsequent Receivables, the Subsequent Transfer Date, Seller has maintained accounts and
records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time as of or prior to the Closing Date and with respect to Subsequent Receivables, the Subsequent Transfer Date, the status of such
Receivable, including payments and recoveries made and payments owing (and the nature of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the Principal Balance as of the Closing Date and with
respect to Subsequent Receivables, the 

  

 9 

 
Subsequent Transfer Date. Seller shall maintain its computer systems so that, from and after the time of sale under this Agreement of the Receivables to
Purchaser, and the conveyance of the Receivables by Purchaser to the Issuer, Seller’s master computer records (including archives) that shall refer to a Receivable indicate clearly that such Receivable has been sold to Purchaser and has been
conveyed by Purchaser to the Issuer. Indication of the Issuer’s ownership of a Receivable shall be deleted from or modified on Seller’s computer systems when, and only when, the Receivable shall become a Purchased Receivable or shall have
been paid in full. 
  
 (e) If at any time Seller
shall propose to sell, grant a security interest in, or otherwise transfer any interest in any motor vehicle receivables to any prospective purchaser, lender or other transferee, Seller shall give to such prospective purchaser, lender, or other
transferee computer tapes, records, or print-outs (including any restored from archives) that, if they shall refer in any manner whatsoever to any Receivable (other than a Purchased Receivable), shall indicate clearly that such Receivable has been
sold to Purchaser, sold by Purchaser to Issuer, and is owned by the Issuer. 
  
 SECTION 4.2 Other Liens or Interests. Except for the conveyances hereunder, Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on the
Receivables or the Other Conveyed Property or any interest therein, and Seller shall defend the right, title, and interest of Purchaser and the Issuer in and to the Receivables and the Other Conveyed Property against all claims of third parties
claiming through or under Seller. 
  
 SECTION 4.3 Costs and
Expenses. Seller shall pay all reasonable costs and disbursements in connection with the performance of its obligations hereunder and under its Related Documents. 
  
 SECTION 4.4 Indemnification. 
  
 (a) Seller shall defend, indemnify and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer,
the Owner Trustee, the Noteholders and the Certificateholder from and against any and all costs, expenses, losses, damages, claims, and liabilities, arising out of or resulting from any breach of any of Seller’s representations and warranties
contained herein. 
  
 (b) Seller shall defend,
indemnify and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Insurer, the Noteholders and the Certificateholder 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 Seller or any affiliate thereof of a Financed Vehicle. 
  
 (c) Seller shall defend, indemnify and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer,
the Owner Trustee, the Insurer, the Noteholders and the Certificateholder from and against any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from any action taken, or failed to be taken, by it in
respect of any portion of the Receivables other than in accordance with this Agreement or the Sale and Servicing Agreement. 

  

 10 

 (d) Seller agrees to pay, and shall defend, indemnify and hold harmless Purchaser, the
Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Insurer, the Noteholders and the Certificateholder from and against any taxes that may at any time be asserted against Purchaser, the Issuer, the Trust
Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Insurer, the Noteholders and the Certificateholder with respect to the transactions contemplated in this Agreement, including, without limitation, any sales, gross receipts,
general corporation, tangible or intangible personal property, privilege, or license taxes (but not including any taxes asserted with respect to, and as of the date of, the sale, transfer and assignment of the Receivables and the Other Conveyed
Property to Purchaser and by Purchaser to the Issuer or the issuance and original sale of the Notes or issuance of the Certificate, or asserted with respect to ownership of the Receivables and Other Conveyed Property which shall be indemnified by
Seller pursuant to clause (e) below, or federal, state or other income taxes, arising out of distributions on the Notes or the Certificate or transfer taxes arising in connection with the transfer of the Notes or the Certificate) and costs and
expenses in defending against the same, arising by reason of the acts to be performed by Seller under this Agreement or imposed against such Persons. 
  
 (e) Seller agrees to pay, and to indemnify, defend and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the
Backup Servicer, the Owner Trustee, the Insurer, the Noteholders and the Certificateholder from, any taxes which may at any time be asserted against such Persons with respect to, and as of the date of, the conveyance or ownership of the Receivables
or the Other Conveyed Property hereunder and under any Subsequent Purchase Agreement and the conveyance or ownership of the Receivables under the Sale and Servicing Agreement or the issuance and original sale of the Notes or the issuance of the
Certificate, including, without limitation, any sales, gross receipts, personal property, tangible or intangible personal property, privilege or license taxes (but not including any federal or other income taxes, including franchise taxes, arising
out of the transactions contemplated hereby or transfer taxes arising in connection with the transfer of the Notes or the Certificate) and costs and expenses in defending against the same, arising by reason of the acts to be performed by Seller
under this Agreement or imposed against such Persons. 
  
 (f) Seller shall defend, indemnify, and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Noteholders and the Certificateholder 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 Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the
Owner Trustee, the Noteholders or the Certificateholder through the negligence, willful misfeasance, or bad faith of Seller in the performance of its duties under this Agreement or by reason of reckless disregard of Seller’s obligations and
duties under this Agreement. 
  

 11 

 (g) Seller shall indemnify, defend and hold harmless Purchaser, the Issuer, the Trust
Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Noteholders and the Certificateholder from and against any loss, liability or expense incurred by reason of the violation by Seller of federal or state securities laws in
connection with the registration or the sale of the Notes. 
  
 (h) Seller shall indemnify, defend and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Noteholders and the Certificateholder from and against
any loss, liability or expense imposed upon, or incurred by, Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Noteholders or the Certificateholder as result of the failure of any Receivable,
or the sale of the related Financed Vehicle, to comply with all requirements of applicable law. 
  
 (i) Seller shall defend, indemnify, and hold harmless Purchaser from and against all costs, expenses, losses, claims, damages, and
liabilities arising out of or incurred in connection with the acceptance or performance of Seller’s trusts and duties as Servicer under the Sale and Servicing Agreement, except to the extent that such cost, expense, loss, claim, damage, or
liability shall be due to the willful misfeasance, bad faith, or negligence (except for errors in judgment) of Purchaser. 
  
 (j) Seller shall indemnify the Owner Trustee and its officers, directors, successors, assigns, agents and servants jointly and severally
with the Purchaser pursuant to Section 7.2 of the Trust Agreement. 
  
 Indemnification under this Section 4.4 shall include reasonable fees and expenses of counsel and expenses of litigation and shall survive payment of the Notes and the Certificate. The indemnity obligations hereunder shall be in addition to
any obligation that Seller may otherwise have. 
  
 ARTICLE V.

  
 REPURCHASES 
  
 SECTION 5.1 Repurchase of Receivables Upon Breach of Warranty. Upon
the occurrence of a Repurchase Event, Seller shall, unless the breach which is the subject of such Repurchase Event shall have been cured in all material respects, repurchase the Receivable relating thereto from the Issuer and, simultaneously with
the repurchase of the Receivable, Seller shall deposit the Purchase Amount in full, without deduction or offset, to the Collection Account, pursuant to Section 3.2 of the Sale and Servicing Agreement. It is understood and agreed that, except as set
forth in Section 6.1 hereof, the obligation of Seller to repurchase any Receivable, as to which a breach occurred and is continuing, shall, if such obligation is fulfilled, constitute the sole remedy against Seller for such breach available to
Purchaser, the Issuer, the Insurer, the Backup Servicer, the Noteholders, the Certificateholder, the Trust Collateral Agent on behalf of the Noteholders or the Owner Trustee on behalf of the Certificateholder. The provisions of this Section 5.1 are
intended to grant the Issuer, the Insurer and the Trust Collateral Agent a direct right against Seller to demand performance hereunder, and in connection therewith, Seller 

  

 12 

 
waives any requirement of prior demand against Purchaser with respect to such repurchase obligation. Any such repurchase shall take place in the manner
specified in Section 3.2 of the Sale and Servicing Agreement. Notwithstanding any other provision of this Agreement or the Sale and Servicing Agreement to the contrary, the obligation of Seller under this Section shall not terminate upon a
termination of Seller as Servicer under the Sale and Servicing Agreement and shall be performed in accordance with the terms hereof notwithstanding the failure of the Servicer or Purchaser to perform any of their respective obligations with respect
to such Receivable under the Sale and Servicing Agreement. 
  
 In
addition to the foregoing and notwithstanding whether the related Receivable shall have been purchased by Seller, Seller shall indemnify the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Insurer, the
Noteholders and the Certificateholder from and against all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third
party claims arising out of the events or facts giving rise to such Repurchase Events. 
  
 SECTION 5.2 Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall
take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property
conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale
and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a
real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in
Purchaser’s or in the Issuer’s name. 
  
 SECTION 5.3
Waivers. No failure or delay on the part of Purchaser, or the Issuer as assignee of Purchaser, or the Trust Collateral Agent as assignee of the Issuer, in exercising any power, right or remedy under this Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other or future exercise thereof or the exercise of any other power, right or remedy. 
  
 ARTICLE VI. 
  
 MISCELLANEOUS 
  
 SECTION 6.1 Liability of Seller. Seller shall be liable in accordance herewith only to the extent of the obligations in this Agreement specifically
undertaken by Seller and the representations and warranties of Seller. 
  
 SECTION 6.2 Merger or Consolidation of Seller or Purchaser. Any corporation or other entity (i) into which Seller or Purchaser may be merged or consolidated, (ii) resulting from any merger or consolidation to which Seller or
Purchaser is a party or (iii) succeeding to the 

  

 13 

 
business of Seller or Purchaser, in the case of Purchaser, which corporation has a certificate of incorporation containing provisions relating to limitations
on business and other matters substantively identical to those contained in Purchaser’s certificate of incorporation, provided that in any of the foregoing cases such corporation shall execute an agreement of assumption to perform every
obligation of Seller or Purchaser, as the case may be, under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to Seller or Purchaser, as the case may be, hereunder (without relieving Seller or
Purchaser of their responsibilities hereunder, if it survives such merger or consolidation) without the execution or filing of any document or any further action by any of the parties to this Agreement. Notwithstanding the foregoing, so long as an
Insurer Default shall not have occurred and be continuing, Purchaser shall not merge or consolidate with any other Person or permit any other Person to become the successor to Purchaser’s business without the prior written consent of the
Insurer. Seller or Purchaser shall promptly inform the other party, the Issuer, the Trust Collateral Agent, the Owner Trustee and, so long as an Insurer Default shall not have occurred and be continuing, the Insurer of such merger, consolidation or
purchase and assumption. Notwithstanding the foregoing, as a condition to the consummation of the transactions referred to in clauses (i), (ii) and (iii) above, (x) immediately after giving effect to such transaction, no representation or warranty
made pursuant to Sections 3.1 and 3.2 of this Agreement shall have been breached (for purposes hereof, such representations and warranties shall speak as of the date of the consummation of such transaction) and no event that, after notice or lapse
of time, or both, would become an event of default under the Insurance Agreement, shall have occurred and be continuing, (y) Seller or Purchaser, as applicable, shall have delivered written notice of such consolidation, merger or purchase and
assumption to the Rating Agencies prior to the consummation of such transaction and shall have delivered to the Issuer, the Insurer and the Trust Collateral Agent an Officer’s Certificate and an Opinion of Counsel each stating that such
consolidation, merger or succession and such agreement of assumption comply with this Section 6.2 and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, and (z) Seller or
Purchaser, as applicable, shall have delivered to the Issuer, the Insurer and the Trust Collateral Agent an Opinion of Counsel, stating, in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments
thereto have been executed and filed that are necessary to preserve and protect the interest of the Issuer and the Trust Collateral Agent in the Receivables and reciting the details of the filings or (B) no such action shall be necessary to preserve
and protect such interest. 
  
 SECTION 6.3 Limitation on
Liability of Seller and Others. Seller and any director, officer, employee or agent thereof 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. Seller shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this Agreement or its Related Documents and that in its opinion may
involve it in any expense or liability. 
  
 SECTION 6.4 Seller
May Own Notes or the Certificate. Subject to the provisions of the Sale and Servicing Agreement, Seller and any Affiliate of Seller may in their individual or any other capacity become the owner or pledgee of Notes or the Certificate with the
same rights as they would have if they were not Seller or an Affiliate thereof. 
  

 14 

 SECTION 6.5 Amendment. 
  
 (a) This Agreement may be amended by Seller and Purchaser with the prior written consent of the Insurer (so
long as an Insurer Default shall not have occurred and be continuing) but without the consent of the Trust Collateral Agent, the Owner Trustee, the Certificateholder or any of the Noteholders (i) to cure any ambiguity or (ii) to correct any
provisions in this Agreement; provided, however, that such action shall not, as evidenced by an Opinion of Counsel delivered to the Issuer, the Owner Trustee, the Insurer and the Trust Collateral Agent, adversely affect in any material respect the
interests of any Certificateholder or Noteholder or, if an Insurer Default shall have occurred and be continuing, the Insurer. 
  
 (b) This Agreement may also be amended from time to time by Seller and Purchaser, with the prior written consent of the Insurer (so long
as an Insurer Default shall not have occurred and be continuing) and with the consent of the Trust Collateral Agent and, if required, the Certificateholder and the Noteholders, in accordance with the Sale and Servicing Agreement, for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Certificateholder or Noteholders; provided, however, the Seller provides the
Trust Collateral Agent with an Opinion of Counsel, (which may be provided by the Seller’s internal counsel) that no such amendment shall increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of
payments on Receivables or distributions that shall be required to be made on any Note or Certificate; provided further that if an Insurer Default has occurred and is continuing, such amendment shall not materially adversely affect the interests of
the Insurer. 
  
 (c) Prior to the execution of
any such amendment or consent, Seller shall have furnished written notification of the substance of such amendment or consent to each Rating Agency. 
  
 (d) It shall not be necessary for the consent of Certificateholder or Noteholders pursuant to this Section to approve the particular form
of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholder or
Noteholders shall be subject to such reasonable requirements as the Trust Collateral Agent may prescribe, including the establishment of record dates. The consent of a Holder of a Certificate or a Note given pursuant to this Section or pursuant to
any other provision of this Agreement shall be conclusive and binding on such Holder and on all future Holders of such Certificate or Note and of any Certificate or Note issued upon the transfer thereof or in exchange thereof or in lieu thereof
whether or not notation of such consent is made upon the Certificate or Note. 
  
 SECTION 6.6 Notices. All demands, notices and communications to Seller or Purchaser hereunder shall be in writing, personally delivered, or sent by telecopier (subsequently confirmed in writing), reputable
overnight courier or mailed by certified mail, return receipt requested, and shall be deemed to have been given upon receipt (a) in the case of Seller, to AmeriCredit Financial Services, Inc., 801 Cherry Street, Suite 3900, Fort Worth, Texas 76102,
Attention: Chief Financial Officer, or (b) in the case of Purchaser, to AFS SenSub Corp., 639 Isbell Rd., Suite 390, Reno, Nevada 85909, Attention: Chief Financial Officer, or such other address as shall be designated by a party in a written notice
delivered to the other party or to the Issuer, Owner Trustee, the Insurer or the Trust Collateral Agent, as applicable. 

  

 15 

 SECTION 6.7 Merger and Integration. Except as specifically stated otherwise herein, this Agreement
and Related Documents set forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement and the Related Documents. This Agreement may not be
modified, amended, waived or supplemented except as provided herein. 
  
 SECTION 6.8 Severability of Provisions. If any one or more of the covenants, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, provisions or terms shall be deemed severable
from the remaining covenants, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement. 
  
 SECTION 6.9 Intention of the Parties. 
  
 (a) The execution and delivery of this Agreement shall constitute an acknowledgment by Seller and Purchaser
that they intend that the assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Receivables and the Other Conveyed Property, conveying good title thereto free and clear of any Liens, from
Seller to Purchaser, and that the Receivables and the Other Conveyed Property shall not be a part of Seller’s estates in the event of the bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under
any federal or state bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to Seller. In the event that such conveyance is determined to be made as security for a loan made by Purchaser, the Issuer, the
Noteholders or the Certificateholder to Seller, the parties intend that Seller shall have granted to Purchaser a security interest in all of Seller’s right, title and interest in and to (collectively, the “Collateral”):

  
 (1) the Initial Receivables and the
Subsequent Receivables and all moneys received thereon after the Initial Cutoff Date or the related Subsequent Cutoff Date, as applicable, 
  
 (2) the Initial Other Conveyed Property and the Subsequent Other Conveyed Property conveyed to Purchaser by Seller, including (a) an
assignment of the security interests in the Financed Vehicles granted by Obligors pursuant to the Initial Receivables and the Subsequent Receivables and any other interest of the Seller in such Financed Vehicles, (b) any proceeds and the right to
receive any proceeds with respect to the Initial Receivables and the Subsequent Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation
of the Initial Receivables and the Subsequent Receivables, (c) any proceeds from any Receivable repurchased by a Dealer, pursuant to a Dealer Agreement, as a result of a breach of representation or warranty in the related Dealer Agreement, (d) any
proceeds from any Receivable repurchased by a Third-Party Lender, pursuant to an Auto Loan Purchase and Sale Agreement, as a result of a breach of representation or warranty in the related Auto Loan Purchase and Sale Agreement, (e) all rights under
any Service Contracts on the related Financed Vehicles, (f) the related Receivables Files and (g) the proceeds of any and all of the foregoing, 

  

 16 

 (3) all of the Seller’s (a) Accounts, (b) Chattel Paper, (c) Documents, (d)
Instruments, and (e) General Intangibles (as such terms are defined in the applicable UCC) relating to the property described in items (1) and (2), and 
  
 (4) all proceeds and investments with respect to items (1), (2), and (3) above. 
  
 (b) This Agreement shall constitute a security agreement
under applicable law. 
  
 SECTION 6.10 Governing Law. This
Agreement shall be construed in accordance with and governed by the law of the State of New York, without giving effect to its conflict of law provisions (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law). 
  
 SECTION 6.11 Counterparts. For the purpose of facilitating the
execution of this Agreement and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and all of which counterparts shall constitute but one and
the same instrument. 
  
 SECTION 6.12 Conveyance of the
Receivables and the Other Conveyed Property to the Issuer. Seller acknowledge that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this
Agreement, to the Issuer on the date hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that
the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.
In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the
Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder
(notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of
Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. 
  

 17 

 SECTION 6.13 Nonpetition Covenant. Neither Purchaser nor Seller shall petition or otherwise invoke
the process of any court or government authority for the purpose of commencing or sustaining a case against the Purchaser or the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of the Purchaser or the Issuer or any substantial part of their respective property, or ordering the winding up or liquidation of the affairs of the Purchaser or the Issuer. 
  
 SECTION 6.14 Benefits of Purchase Agreement. The Insurer and its
successors and assigns shall be a third-party beneficiary to the provisions of this Purchase Agreement and shall be entitled to rely upon and directly enforce the provisions of this Purchase Agreement so long as no Insurer Default shall have
occurred and be continuing. 
  

 18 

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

	 AFS SENSUB CORP., as Purchaser

		
	 By
	 	 /s/ Susan Sheffield

	 	 	 Name:
	 	 Susan Sheffield

	 	 	 Title:
	 	 Vice President, Structured Finance

	
	 AMERICREDIT FINANCIAL SERVICES, INC., as Seller

		
	 By
	 	 /s/ Beth Sorensen

	 	 	 Name:
	 	 Beth Sorensen

	 	 	 Title:
	 	 Senior Vice President, Finance

  
  
 Accepted: 
  

	 JPMORGAN CHASE BANK,

	 as Trustee and Trust Collateral Agent

		
	 By
	 	 /s/ Joseph M. Costantino

	 	 	 Name:
	 	 Joseph M. Costantino

	 	 	 Title:
	 	 Trust Officer

  
 [Purchase Agreement]

 SCHEDULE A 
  
 SCHEDULE OF INITIAL RECEIVABLES 
  
 [On File with AmeriCredit, the Trustee and Dewey Ballantine LLP] 

 SCHEDULE B 
  
 REPRESENTATIONS AND WARRANTIES OF 
  
 AMERICREDIT FINANCIAL SERVICES, INC. (“AMERICREDIT”) 
  
 1. Characteristics of Receivables. Each Receivable (A) was originated (i) by AmeriCredit, (ii) by a Dealer and purchased by AmeriCredit from such
Dealer under an existing Dealer Agreement or pursuant to a Dealer Assignment with AmeriCredit and was validly assigned by such Dealer to AmeriCredit pursuant to a Dealer Assignment or (iii) by a Third-Party Lender and purchased by AmeriCredit from
such Third-Party Lender under an existing Auto Loan Purchase and Sale Agreement or pursuant to a Third-Party Lender Assignment with AmeriCredit and was validly assigned by such Third-Party Lender to AmeriCredit pursuant to a Third-Party Lender
Assignment (B) was originated by AmeriCredit, such Dealer or such Third-Party Lender for the retail sale of a Financed Vehicle in the ordinary course of AmeriCredit’s, the Dealer’s or the Third-Party Lender’s business, in each case
was originated in accordance with AmeriCredit’s credit policies and was fully and properly executed by the parties thereto, and AmeriCredit, each Dealer and each Third-Party Lender had all necessary licenses and permits to originate Receivables
in the state where AmeriCredit, each such Dealer or each such Third-Party Lender was located, (C) contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the
collateral security, (D) is a Receivable which provides for level monthly payments (provided that the period in the first Collection Period and the payment in the final Collection Period of the Receivable may be minimally different from the
normal period and level payment) which, if made when due, shall fully amortize the Amount Financed over the original term and (E) has not been amended or collections with respect to which waived, other than as evidenced in the Receivable File
relating thereto. 
  
 2. No Fraud or Misrepresentation.
Each Receivable was originated (i) by AmeriCredit, (ii) by a Dealer and was sold by the Dealer to AmeriCredit, or (iii) by a Third-Party Lender and was sold by the Third-Party Lender to AmeriCredit, and was sold by AmeriCredit to AFS SenSub Corp.
without any fraud or misrepresentation on the part of such Dealer or Third-Party Lender in any case. 
  
 3. Compliance with Law. All requirements of applicable federal, state and local laws, and regulations thereunder (including, without limitation,
usury laws, the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Moss-Magnuson Warranty Act, the
Federal Reserve Board’s Regulations “B” and “Z” (including amendments to the Federal Reserve’s Official Staff Commentary to Regulation Z, effective October 1, 1998, concerning negative equity loans), the Soldiers’
and Sailors’ Civil Relief Act of 1940, each applicable state Motor Vehicle Retail Installment Sales Act, and state adaptations of the National Consumer Act and of the Uniform Consumer Credit Code and other consumer credit laws and equal credit
opportunity and disclosure laws) in respect of the Receivables and the Financed Vehicles, have been complied with in all material respects, and each Receivable and the sale of the Financed Vehicle evidenced by each Receivable complied at the time it
was originated or made and now complies in all material respects with all applicable legal requirements. 

  

 B-1 

 4. Origination. Each Receivable was originated in the United States. 
  
 5. Binding Obligation. Each Receivable represents the genuine, legal,
valid and binding payment obligation of the Obligor thereon, enforceable by the holder thereof in accordance with its terms, except (A) as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the
enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law and (B) as such Receivable may be
modified by the application after the Initial Cutoff Date or the Subsequent Cutoff Date, as applicable, of the Soldiers’ and Sailors’ Civil Relief Act of 1940, as amended; and all parties to each Receivable had full legal capacity to
execute and deliver such Receivable and all other documents related thereto and to grant the security interest purported to be granted thereby. 
  
 6. No Government Obligor. No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality
thereof. 
  
 7. Obligor Bankruptcy. At the Initial Cutoff
Date or the Subsequent Cutoff Date, as applicable, no Obligor had been identified on the records of AmeriCredit as being the subject of a current bankruptcy proceeding. 
  
 8. Schedules of Receivables. The information set forth in the Schedules of Receivables has been produced from the
Electronic Ledger and was true and correct in all material respects as of the close of business on the Initial Cutoff Date or the Subsequent Cutoff Date, as applicable. 
  
 9. Marking Records. By the Closing Date or Subsequent Transfer Date, as applicable, AmeriCredit will have caused the
portions of the Electronic Ledger relating to the Receivables to be clearly and unambiguously marked to show that the Receivables have been sold to AFS SenSub Corp. by AmeriCredit and resold by AFS SenSub Corp. to the Trust in accordance with the
terms of the Sale and Servicing Agreement. 
  
 10. Computer
Tape. The Computer Tape made available by AmeriCredit to AFS SenSub Corp. and to the Trust on the Closing Date was complete and accurate as of the Initial Cutoff Date or the Subsequent Cutoff Date, as applicable, and includes a description of
the same Receivables that are described in the Schedule of Receivables. 
  
 11. Adverse Selection. No selection procedures adverse to the Noteholders or the Insurer were utilized in selecting the Receivables from those receivables owned by AmeriCredit which met the selection criteria contained in the Sale
and Servicing Agreement. 
  
 12. Chattel Paper. The
Receivables constitute chattel paper within the meaning of the UCC as in effect in the States of Texas, New York, Nevada and Delaware. 
  
 13. One Original. There is only one original executed copy of each Receivable. 
  

 B-2 

 14. Receivable Files Complete. There exists a Receivable File pertaining to each Receivable and
such Receivable File contains (a) a fully executed original of the Receivable, (b) the original executed credit application, or a paper or electronic copy thereof and (c) the original Lien Certificate or application therefor. Each of such documents
which is required to be signed by the Obligor has been signed by the Obligor in the appropriate spaces. All blanks on any form have been properly filled in and each form has otherwise been correctly prepared. The complete Receivable File for each
Receivable currently is in the possession of the Custodian. 
  
 15. Receivables in Force. No Receivable has been satisfied, subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part. No terms
of any Receivable have been waived, altered or modified in any respect since its origination, except by instruments or documents identified in the Receivable File. No Receivable has been modified as a result of application of the Soldiers’ and
Sailors’ Civil Relief Act of 1940, as amended. 
  
 16.
Lawful Assignment. No Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which would make unlawful, void or voidable the sale, transfer and assignment of such Receivable under this Agreement or pursuant
to transfers of the Notes. 
  
 17. Good Title. Immediately
prior to the conveyance of the Receivables to AFS SenSub Corp. pursuant to this Agreement or Subsequent Transfer Agreement, as applicable, AmeriCredit was the sole owner thereof and had good and indefeasible title thereto, free of any Lien and, upon
execution and delivery of this Agreement by AmeriCredit, AFS SenSub Corp. shall have good and indefeasible title to and will be the sole owner of such Receivables, free of any Lien. No Dealer or Third-Party Lender has a participation in, or other
right to receive, proceeds of any Receivable. AmeriCredit has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer
Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments or Third-Party Lender Assignments or to payments due under such Receivables. 
  
 18. Security Interest in Financed Vehicle. Each Receivable created or shall create a valid, binding and enforceable first priority security
interest in favor of AmeriCredit in the Financed Vehicle. The Lien Certificate for each Financed Vehicle shows, or if a new or replacement Lien Certificate is being applied for with respect to such Financed Vehicle the Lien Certificate will be
received within 240 days of the Closing Date or Subsequent Transfer Date, as applicable, and will show AmeriCredit named as the original secured party under each Receivable as the holder of a first priority security interest in such Financed
Vehicle. With respect to each Receivable for which the Lien Certificate has not yet been returned from the Registrar of Titles, AmeriCredit has applied for or received written evidence from the related Dealer or Third-Party Lender that such Lien
Certificate showing AmeriCredit as first lienholder has been applied for and AmeriCredit’s security interest has been validly assigned by AmeriCredit to AFS SenSub Corp. pursuant to this Agreement. This Agreement creates a valid and continuing
security interest (as defined in the UCC) in the Receivables in favor of the Purchaser, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller. Immediately after the
sale, transfer and assignment thereof by AmeriCredit to AFS SenSub Corp, each Receivable will be secured by an enforceable and perfected first priority security interest in the Financed Vehicle in favor of AFS SenSub Corp. as secured party, which
security interest is 

  

 B-3 

 
prior to all other Liens upon and security interests in such Financed Vehicle which now exist or may hereafter arise or be created (except, as to priority,
for any lien for taxes, labor or materials affecting a Financed Vehicle). As of the Initial Cutoff Date or the Subsequent Cutoff Date, as applicable, there were no Liens or claims for taxes, work, labor or materials affecting a Financed Vehicle
which are or may be Liens prior or equal to the Liens of the related Receivable. 
  
 19. All Filings Made. All filings (including, without limitation, UCC filings (including, without limitation, the filing by the Seller of all appropriate financing statements in the proper filing office in the
State of Delaware under applicable law in order to perfect the security interest in the Receivables granted to the Purchaser hereunder)) required to be made by any Person and actions required to be taken or performed by any Person in any
jurisdiction to give the Trust and the Trust Collateral Agent a first priority perfected lien on, or ownership interest in, the Receivables and the proceeds thereof and the Other Conveyed Property have been made, taken or performed. 
  
 20. No Impairment. AmeriCredit has not done anything to convey any
right to any Person that would result in such Person having a right to payments due under the Receivable or otherwise to impair the rights of the Trust, the Insurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or
the proceeds thereof. Other than the security interest granted to the Purchaser pursuant to this Agreement and except any other security interests that have been fully released and discharged as of the Closing Date, the Seller has not pledged,
assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that include a description of collateral
covering the Receivables other than any financing statement relating to the security interest granted to the Purchaser hereunder or that has been terminated. The Seller is not aware of any judgment or tax lien filings against it. 
  
 21. Receivable Not Assumable. No Receivable is assumable by another
Person in a manner which would release the Obligor thereof from such Obligor’s obligations to AmeriCredit with respect to such Receivable. 
  
 22. No Defenses. No Receivable is subject to any right of rescission, setoff, counterclaim or defense and no such right has been asserted or
threatened with respect to any Receivable. 
  
 23. No
Default. There has been no default, breach, violation or event permitting acceleration under the terms of any Receivable (other than payment delinquencies of not more than 30 days), and no condition exists or event has occurred and is continuing
that with notice, the lapse of time or both would constitute a default, breach, violation or event permitting acceleration under the terms of any Receivable, and there has been no waiver of any of the foregoing. As of the Initial Cutoff Date or the
Subsequent Cutoff Date, as applicable, no Financed Vehicle had been repossessed. 
  
 24. Insurance. At the time of an origination of a Receivable by AmeriCredit or a purchase of a Receivable by AmeriCredit from a Dealer or Third-Party Lender, each Financed Vehicle is required to be covered by a
comprehensive and collision insurance policy (i) in an amount at least equal to the lesser of (a) its maximum insurable value or (b) the principal amount 

  

 B-4 

 
due from the Obligor under the related Receivable, (ii) naming AmeriCredit as loss payee and (iii) insuring against loss and damage due to fire, theft,
transportation, collision and other risks generally covered by comprehensive and collision coverage. Each Receivable requires the Obligor to maintain physical loss and damage insurance, naming AmeriCredit and its successors and assigns as additional
insured parties, and each Receivable permits the holder thereof to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so. No Financed Vehicle is insured under a policy of Force-Placed Insurance on the
Initial Cutoff Date or the Subsequent Cutoff Date, as applicable. 
  
 25. Past Due. At the Initial Cutoff Date or the Subsequent Cutoff Date, as applicable, no Receivable was more than 30 days past due. 
  
 26. Remaining Principal Balance. At the Initial Cutoff Date or the Subsequent Cutoff Date, as applicable, the Principal Balance of each Receivable
set forth in the Schedules of Receivables is true and accurate in all material respects. 
  
 27. Certain Characteristics of Initial Receivables.  
  
 (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of not more than 72 months. 
  
  
 (B) Each Initial Receivable had an original maturity, as of the Initial Cutoff Date, of not more than 72 months. 
  
 (C) Not more than 40% of the Initial Receivables (calculated by Aggregate Principal Balance) has an original term to maturity of 72
months. The original term to maturity of 72 month Receivables in the Trust is 33% as of the Initial Cutoff Date. 
  
 (D) Each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $250 and not more than $80,000.

  
 (E) Each Initial Receivable has an Annual
Percentage Rate of at least 1% and not more than 33%. 
  
 (F) The Initial Receivables’ weighted average Annual Percentage Rate is not less than 15.80%. The weighted average Annual Percentage Rate of the Initial Receivables in the Trust is 15.90% as of the Initial Cutoff Date. 
  
 (G) No Initial Receivable was more than 30 days past due as
of the Initial Cutoff Date. 
  
 (H) No funds have
been advanced by AmeriCredit, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any Initial Receivable to qualify under clause (G) above. 
  
 (I) Not more than 35% of the Obligors reside in Texas and California (based on the Obligor’s mailing
address). As of the Initial Cutoff Date, 25% of the Obligors (based in the Obligor’s mailing address) reside in Texas and California. 
  

 B-5 

 (J) Each Obligor had a billing address in the United States as of the date of origination
of the Initial Receivables, is a natural person and is not an Affiliate of any party to this Agreement. 
  
 (K) Each Initial Receivable is denominated in, and each Contract provides for payment in, United States Dollars. 
  
 (L) Each Initial Receivable is identified on the
Servicer’s master servicing records as an automobile installment sales contract or installment note. 
  
 (M) Each Initial Receivable arises under a Contract which is assignable without the consent of, or notice to, the Obligor thereunder, and
does not contain a confidentiality provision that purports to restrict the ability of the Servicer to exercise its rights under the Sale and Servicing Agreement, including, without limitation, its right to review the Contract. 
  
 (N) Each Initial Receivable arises under a Contract with
respect to which AmeriCredit has performed all obligations required to be performed by it thereunder, and, in the event such Contract is an installment sales contract, delivery of the Financed Vehicle to the related Obligor has occurred. 

 
 28. Interest Calculation. Each Contract provides for the
calculation of interest payable thereunder under either the “simple interest” method, the “Rule of 78’s” method or the “precomputed interest” method. 
  
 29. Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to
the Lockbox Account. 
  
 30. Lien Enforcement. Each
Receivable provides for enforcement of the lien or the clear legal right of repossession, as applicable, on the Financed Vehicle securing such Receivable. 
  
 31. Prospectus Supplement Description. Each Receivable conforms, and all Receivables in the aggregate conform, in all material respects to the
description thereof set forth in the Prospectus Supplement. 
  
 32. Other Automobile Loans. Neither the Obligor on any Receivable nor any of its Affiliates is the obligor on any automobile loan with an aggregate principal amount greater than $80,000 as of the Initial Cutoff Date. 
  
 33. Risk of Loss. Each Contract contains provisions requiring the
Obligor to assume all risk of loss or malfunction on the related Financed Vehicle, requiring the Obligor to pay all sales, use, property, excise and other similar taxes imposed on or with respect to the Financed Vehicle and making the Obligor liable
for all payments required to be made thereunder, without any setoff, counterclaim or defense for any reason whatsoever, subject only to the Obligor’s right of quiet enjoyment. 
  
 34. Vehicle Exchange. No Contract provides for the substitution, exchange or addition of any Financed Vehicle subject
to such Receivable. 
  

 B-6 

 35. Leasing Business. To the best of the Seller’s and the Servicer’s knowledge, as
appropriate, no Obligor is a Person involved in the business of leasing or selling equipment of a type similar to the Obligor’s related Financed Vehicle. 
  

36. Consumer Leases. No Receivable constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of
which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. 
  
 37. The Seller has taken all steps necessary to perfect its security interest against the related Obligors in the property securing the Receivables and will take all necessary steps on behalf of the Trust to maintain
the Trust’s perfection of the security interest created by each Receivable in the related Financed Vehicle. 
  
 38. The Servicer has in its possession all original copies of the contracts that constitute or evidence the Receivables. 
  

 B-7 

 EXHIBIT A 
  

SUBSEQUENT PURCHASE AGREEMENT 
  
 Transfer No.              of Subsequent Receivables, dated as of
            , 200  , pursuant to a Purchase Agreement (the “Purchase Agreement”) dated as of October 10, 2003, between AMERICREDIT FINANCIAL
SERVICES, INC. a Delaware corporation (the “Seller”) and AFS SENSUB CORP., a Nevada corporation (the “Purchaser”). 
  
 W I T N E S S E T H: 
  
 WHEREAS pursuant to the Purchase Agreement, the Seller wishes to convey the Subsequent Receivables to the Purchaser; and 
  
 WHEREAS, the Purchaser is willing to accept such conveyance subject to the
terms and conditions hereof. 
  
 NOW, THEREFORE, the Seller and
the Purchaser hereby agree as follows: 
  
 1. Defined
Terms. Capitalized terms used herein shall have the meanings ascribed to them in the Purchase Agreement unless otherwise defined herein. 
  
 “Subsequent Cutoff Date” shall mean, with respect to the Subsequent Receivables conveyed hereby,
            , 200  . 
  
 “Subsequent Transfer Date” shall mean, with respect to the Subsequent Receivables conveyed hereby,
            , 200  . 
  
 2. Schedule of Receivables. Attached hereto as Schedule A is a supplement to Schedule A to the Purchase Agreement listing the Receivables that
constitute the Subsequent Receivables to be conveyed pursuant to this Agreement on the Subsequent Transfer Date. 
  
 3. Conveyance of Subsequent Receivables. In consideration of the Purchaser’s delivery to, or upon the order of, the Seller of
$            , the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (except as expressly provided in the Purchase
Agreement), all right, title and interest of the Seller in and to: 
  
 (a) the Subsequent Receivables and all moneys received thereon, after the Subsequent Cutoff Date; 
  
 (b) the security interests in the Financed Vehicles granted by Obligors pursuant to the respective Subsequent Receivables and any other
interest of the Seller in such Financed Vehicles; 
  
 (c) any proceeds and the right to receive proceeds with respect to the respective Subsequent Receivables from claims and on any physical damage, credit life or disability insurance policies covering the related Financed Vehicles or Obligors
and any proceed from the liquidation of such Subsequent Receivables; 
  

 Ex-A-1 

 (d) any proceeds from any Subsequent Receivable repurchased by a Dealer pursuant to a
Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement; 
  
 (e) all rights under any Service Contracts on the related
Financed Vehicles; 
  
 (f) the related
Receivables Files; 
  
 (g) all of the
Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Subsequent Purchase Agreement, including the Seller’s rights under the Subsequent Purchase Agreement and the delivery
requirements, representations and warranties and the cure and repurchase obligations of the Seller under the Subsequent Purchase Agreement, on or after the Subsequent Cutoff Date; 
  
 (h) the proceeds of any and all of the foregoing; 
  
 (i) all of the Seller’s (a) Accounts, (b) Chattel
Paper, (c) Documents, (d) Instruments and (e) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (h); and 
  
 (j) all proceed and investments with respect to items (a) through (i). 
  
 The execution and delivery of this Agreement shall constitute an
acknowledgment by the Seller and the Purchaser that they intend that the assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Subsequent Receivables and the Subsequent Other Conveyed
Property, conveying good title thereto free and clear of any Liens, from the Seller to the Purchaser, and that the Subsequent Receivables and the Subsequent Other Conveyed Property shall not be a part of the Seller’s estate in the event of the
bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or state bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to the Seller. In the event that
such conveyance is determined to be made as security for a loan made by the Purchaser, the Issuer, the Noteholders or the Certificateholder to the Seller, the parties hereto intend that the Seller shall have granted to the Purchaser a security
interest in all of the Seller’s right, title and interest in and to the Subsequent Receivables and the Subsequent Other Conveyed Property conveyed pursuant to this Section 3, and that this Agreement shall constitute a security agreement under
applicable law. 
  
 4. Representations and Warranties of the
Seller. The Seller hereby represents and warrants to the Purchaser as of the date of this Agreement and as of the Subsequent Transfer Date that: 
  
 (a) Schedule of Representations. The representations and warranties set forth on the Schedule of Representations attached as
Schedule B to the Purchase Agreement are true and correct. 
  

 Ex-A-2 

 (b) Organization and Good Standing. The Seller has been duly organized, is validly
existing as a corporation in good standing under the laws of the State of Delaware with power and authority to own its properties and to conduct its businesses as such properties are currently owned and such business is currently conducted, and has
had at all relevant times, and now has, the power, authority and legal right to acquire, own and sell the Subsequent Receivables and the Subsequent Other Conveyed Property transferred to the Purchaser. 
  
 (c) Due Qualification. The Seller is duly qualified
to do business as a foreign corporation in good standing and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect the Seller’s ability to transfer the respective
Subsequent Receivables and the Subsequent Other Conveyed Property to the Purchaser pursuant to this Agreement, or the validity or enforceability of the respective Subsequent Receivables and the Subsequent Other Conveyed Property or to perform the
Seller’s obligations hereunder and under the Seller’s Related Documents. 
  
 (d) Power and Authority. The Seller has the power and authority to execute and deliver this Agreement and its Related Documents and
to carry out its terms and their terms; the Seller has full power and authority to sell and assign the Subsequent Receivables and the Subsequent Other Conveyed Property to be sold and assigned to and deposited with the Purchaser by it and has duly
authorized such sale and assignment to the Purchaser by all necessary corporate action; and the execution, delivery and performance of this Agreement and the Seller’s Related Documents have been duly authorized by the Seller by all necessary
corporate action. 
  
 (e) Valid Sale, Binding
Obligations. This Agreement effects a valid sale, transfer and assignment of the respective Subsequent Receivables and the Subsequent Other Conveyed Property, enforceable against the Seller and creditors of and purchasers from the Seller; and
this Agreement and the Seller’s Related Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be
limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is
considered in a proceeding in equity or at law. 
  
 (f) No Violation. The consummation of the transactions contemplated by this Agreement and the Related Documents and the fulfillment of the terms of this Agreement and the Related Documents shall not conflict with, result in any
breach of any of the terms and provisions of or constitute (with or without notice, lapse of time or both) a default under the certificate of incorporation or by-laws of the Seller, or any indenture, agreement, mortgage, deed of trust or other
instrument to which the Seller is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument,
other than this Agreement, or violate any law, order, rule or regulation applicable to the Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the
Seller or any of their respective properties. 

  

 Ex-A-3 

 (g) No Proceedings. There are no proceedings or investigations pending or, to the
Seller’s knowledge, threatened against the Seller, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Seller or its properties (A) asserting the invalidity of
this Agreement or any of the Related Documents, (B) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (C) seeking any determination or ruling that might materially and
adversely affect the performance by the Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents, or (D) seeking to adversely affect the federal income tax or other federal, state or local
tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the respective Subsequent Receivables and the Subsequent Other Conveyed Property hereunder. 
  
 (h) Chief Executive Office. The chief executive
office of the Seller is at 801 Cherry Street, Suite 3900, Fort Worth, Texas 76102. 
  
 (i) Principal Balance. The aggregate Principal Balance of the Subsequent Receivables transferred by the Seller listed on Schedule A
attached hereto and conveyed to the Purchaser pursuant to this Agreement as of the Subsequent Cutoff Date is $            . 
  
 (j) Seller’s Intention. The Subsequent
Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the United States Bankruptcy Code, as the same may be amended from time to time. 
  
 5. Representations and Warranties of the Purchaser. The Purchaser
hereby represents and warrants to the Seller as of the date of this Agreement and as of the Subsequent Transfer Date that: 
  
 (a) Organization and Good Standing. Purchaser has been duly organized and is validly existing and in good standing as a corporation
under the laws of the State of Nevada, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and has, full
power, authority and legal right to acquire and own the Subsequent Receivables and the Subsequent Other Conveyed Property, and to transfer the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and
Servicing Agreement. 
  
 (b) Due
Qualification. Purchaser is duly qualified to do business as a foreign corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect
Purchaser’s ability to acquire the Subsequent Receivables or the Subsequent Other Conveyed Property, and to transfer the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and Servicing
Agreement, or the validity or enforceability of the Subsequent Receivables and the Subsequent Other Conveyed Property or to perform Purchaser’s obligations hereunder and under the Purchaser’s Related Documents. 

  

 Ex-A-4 

 (c) Power and Authority. Purchaser has the power, authority and legal right to
execute and deliver this Agreement and to carry out the terms hereof and to acquire the Subsequent Receivables and the Subsequent Other Conveyed Property hereunder; and the execution, delivery and performance of this Agreement and all of the
documents required pursuant hereto have been duly authorized by Purchaser by all necessary corporate action. 
  
 (d) No Consent Required. Purchaser is not required to obtain the consent of any other Person, or any consent, license, approval or
authorization or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery or performance of this Agreement and the Related Documents, except for such as have been obtained, effected or
made. 
  
 (e) Binding Obligation. This
Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership,
liquidation and other similar laws and to general equitable principles. 
  
 (f) No Violation. The execution, delivery and performance by Purchaser of this Agreement, the consummation of the transactions contemplated by this Agreement and the Related Documents and the fulfillment of the
terms of this Agreement and the Related Documents do not and will not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice, lapse of time or both) a default under, the certificate of
incorporation or bylaws of Purchaser, or conflict with or breach any of the terms or provisions of, or constitute (with or without notice or lapse of time) a default under, any indenture, agreement, mortgage, deed of trust or other instrument to
which Purchaser is a party or by which Purchaser is bound or to which any of its properties are subject, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage,
deed of trust or other instrument (other than the Sale and Servicing Agreement and the Spread Account Agreement), or violate any law, order, rule or regulation, applicable to Purchaser or its properties, of any federal or state regulatory body, any
court, administrative agency, or other governmental instrumentality having jurisdiction over Purchaser or any of its properties. 
  
 (g) No Proceedings. There are no proceedings or investigations pending, or, to the knowledge of Purchaser, threatened against
Purchaser, before any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality having jurisdiction over Purchaser or its properties: (i) asserting the invalidity of this Agreement or any of the Related
Documents, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (iii) seeking any determination or ruling that might materially and adversely affect the performance by
Purchaser of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or (iv) that may adversely affect the federal or state income tax attributes of, or seeking to impose any excise, franchise,
transfer or similar tax upon, the 

  

 Ex-A-5 

 
transfer and acquisition of the Subsequent Receivables and the Subsequent Other Conveyed Property hereunder or the transfer of the Subsequent Receivables and
the Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement. 
  
 In the event of any breach of a representation and warranty made by Purchaser hereunder, Seller covenants and agrees that it will not take any action to
pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes, Certificates, pass-through certificates or other similar securities issued by Purchaser, or a trust
or similar vehicle formed by Purchaser, have been paid in full. Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by Purchaser, Issuer or by the Trustee on
behalf of the Noteholders and Owner Trustee on behalf of the Certificateholder. 
  
 6. Conditions Precedent. The obligation of the Purchaser to acquire the Subsequent Receivables hereunder is subject to the satisfaction, on or prior to the Subsequent Transfer Date, of the following conditions
precedent: 
  
 (a) Representations and
Warranties. Each of the representations and warranties made by the Seller in Sections 4 and 5 of this Agreement and in Sections 3.1 and 3.2 of the Purchase Agreement shall be true and correct as of the date of this Agreement and as of the
Subsequent Transfer Date. 
  
 (b) Additional
Information. The Seller shall have delivered to the Purchaser such information as was reasonably requested by the Purchaser to satisfy itself as to (i) the accuracy of the representations and warranties set forth in Section 4 of this Agreement
and in Sections 3.1 and 3.2 of the Purchase Agreement and (ii) the satisfaction of the conditions set forth in this Section. 
  
 7. Ratification of Agreement. As supplemented by this Agreement, the Purchase Agreement is in all respects ratified and confirmed and the Purchase
Agreement as so supplemented by this Agreement shall be read, taken and construed as one and the same instrument. 
  
 8. Counterparts. This Agreement may be executed in two or more counterparts (and by different parties in separate counterparts), each of which
shall be an original but all of which together shall constitute one and the same instrument. 
  
 9. Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer. The Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the
Subsequent Receivables and the Subsequent Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Subsequent Transfer Date. The Seller acknowledges and consents to such conveyance and pledges and waives any
further notice thereof and covenants and agrees that the representations and warranties of the Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust
Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer,

  

 Ex-A-6 

 
the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in
this Agreement, the Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform
its duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of the Seller under this Agreement against the Seller for the benefit of the Insurer, the Owner Trustee, the
Trust Collateral Agent, the Noteholders and the Certificateholder. 
  
 10. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL
BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  

 Ex-A-7 

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

	 AMERICREDIT FINANCIAL SERVICES, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 AFS SENSUB CORP.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

  
 Acknowledged and Accepted:

  
 JPMORGAN CHASE BANK, 
 not in its individual capacity but solely as Trust Collateral Agent 
  

	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

  

 Ex-A-8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]