Document:

Loan and Servicing Agreement

 Exhibit 10.16 
 Confidential information in this Loan and Servicing Agreement has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request

  
  
 LOAN AND SERVICING AGREEMENT 
 Dated as of December 28, 2011 

among 
 DT
WAREHOUSE, LLC, 
 as Borrower 
 DT CREDIT COMPANY, LLC, 
 as Servicer 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Backup Servicer, Paying Agent and Securities Intermediary 
 THE PERSONS FROM
TIME TO TIME 
 PARTY HERETO AS CONDUIT LENDERS, 
 THE FINANCIAL INSTITUTIONS FROM TIME TO TIME 
 PARTY HERETO AS COMMITTED LENDERS,

 THE FINANCIAL INSTITUTIONS FROM TIME TO TIME 
 PARTY HERETO AS MANAGING AGENTS, 
 and 

DEUTSCHE BANK AG, NEW YORK BRANCH, 
 as Program Agent 
  
  

 TABLE OF CONTENTS 

 

					
	 ARTICLE I DEFINITIONS
	  	 	1	  
		
	 SECTION 1.01. Certain Defined Terms
	  	 	1	  
	 SECTION 1.02. Other Terms and Constructions
	  	 	45	  
	 SECTION 1.03. Computation of Time Periods
	  	 	46	  
		
	 ARTICLE II AMOUNTS AND TERMS OF THE LOANS
	  	 	46	  
		
	 SECTION 2.01. The Loans
	  	 	46	  
	 SECTION 2.02. Borrowing Procedures
	  	 	47	  
	 SECTION 2.03. Reductions and Increases to the Facility Limit
	  	 	48	  
	 SECTION 2.04. Interest and Fees
	  	 	48	  
	 SECTION 2.05. Principal Payments
	  	 	49	  
	 SECTION 2.06. Application of Collections Prior to Termination Date
	  	 	49	  
	 SECTION 2.07. Application of Collections After Termination Date
	  	 	52	  
	 SECTION 2.08. Extension of Commitment Termination Date
	  	 	53	  
	 SECTION 2.09. Payments and Computations, Etc
	  	 	53	  
	 SECTION 2.10. [Reserved]
	  	 	53	  
	 SECTION 2.11. Interest Protection
	  	 	53	  
	 SECTION 2.12. Increased Capital
	  	 	54	  
	 SECTION 2.13. Funding Losses
	  	 	56	  
	 SECTION 2.14. Taxes
	  	 	56	  
	 SECTION 2.15. Security Interest
	  	 	58	  
	 SECTION 2.16. Demand Note.
	  	 	60	  
	 SECTION 2.17. Evidence of Debt
	  	 	61	  
	 SECTION 2.18. Certain Transactions
	  	 	61	  
	 SECTION 2.19. Release of Lien
	  	 	62	  
	 SECTION 2.20. The Collection Account
	  	 	62	  
	 SECTION 2.21. The Paying Agent
	  	 	64	  
		
	 ARTICLE III CONDITIONS OF EFFECTIVENESS AND LOANS
	  	 	65	  
		
	 SECTION 3.01. Conditions Precedent to Effectiveness
	  	 	65	  
	 SECTION 3.02. Conditions Precedent to All Borrowings and Releases
	  	 	65	  
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	66	  
		
	 SECTION 4.01. Representations and Warranties of the Borrower
	  	 	66	  
	 SECTION 4.02. Representations and Warranties of the Servicer
	  	 	70	  
		
	 ARTICLE V GENERAL COVENANTS
	  	 	73	  
		
	 SECTION 5.01. Affirmative Covenants of the Borrower
	  	 	73	  
	 SECTION 5.02. Reporting Requirements of the Borrower
	  	 	79	  
	 SECTION 5.03. Negative Covenants of the Borrower
	  	 	82	  
	 SECTION 5.04. Affirmative Covenants of the Servicer
	  	 	84	  
	 SECTION 5.05. Reporting Requirements of the Servicer
	  	 	86	  
	 SECTION 5.06. Negative Covenants of the Servicer
	  	 	88	  
	 SECTION 5.07. Representations and Covenants of DTAC; CRD Compliance
	  	 	89	  
		
	 ARTICLE VI ADMINISTRATION OF CONTRACTS
	  	 	90	  
		
	 SECTION 6.01. Designation of Servicer
	  	 	90	  

  
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	 SECTION 6.02. Duties of the Servicer
	  	 	92	  
	 SECTION 6.03. Servicing Fee; Servicer Expenses
	  	 	94	  
	 SECTION 6.04. Rights of the Program Agent
	  	 	94	  
	 SECTION 6.05. Responsibilities of the Borrower
	  	 	95	  
	 SECTION 6.06. Further Action Evidencing Program Agent’s Interest
	  	 	95	  
	 SECTION 6.07. Duties of Backup Servicer
	  	 	95	  
	 SECTION 6.08. Collection and Allocation of Contract Payments; Modifications of Pledged Contracts
	  	 	96	  
	 SECTION 6.09. Realization upon Pledged Contracts
	  	 	97	  
	 SECTION 6.10. Backup Servicing Fee; Backup Servicing Expenses
	  	 	97	  
	 SECTION 6.11. Access to Certain Documentation and Information Regarding Pledged Contracts
	  	 	97	  
	 SECTION 6.12. Disposition of Financed Vehicle
	  	 	98	  
	 SECTION 6.13. Application of Collections
	  	 	98	  
	 SECTION 6.14. Predecessor Work Product
	  	 	98	  
	 SECTION 6.15. Duties of Backup Servicer Prior to Servicing Turnover Date
	  	 	98	  
	 SECTION 6.16. Remittances to the Collection Account
	  	 	100	  
	 SECTION 6.17. Reports
	  	 	100	  
	 SECTION 6.18. Representations and Warranties of Backup Servicer
	  	 	100	  
	 SECTION 6.19. Backup Servicer Resignation/Replacement
	  	 	100	  
	 SECTION 6.20. Backup Servicer Successor
	  	 	101	  
		
	 ARTICLE VII EVENTS OF TERMINATION
	  	 	101	  
		
	 SECTION 7.01. Events of Termination
	  	 	101	  
	 SECTION 7.02. Remedies
	  	 	104	  
	 SECTION 7.03. Appointment as Attorney in Fact
	  	 	105	  
	 SECTION 7.04. Performance of Borrower’s or Servicer’s Obligations
	  	 	107	  
	 SECTION 7.05. Proceeds
	  	 	107	  
	 SECTION 7.06. Powers Coupled with an Interest
	  	 	107	  
		
	 ARTICLE VIII INDEMNIFICATION
	  	 	107	  
		
	 SECTION 8.01. Indemnities by the Borrower
	  	 	107	  
	 SECTION 8.02. Indemnities by the Servicer
	  	 	109	  
	 SECTION 8.03. Limited Liability of Parties
	  	 	110	  
		
	 ARTICLE IX THE AGENTS
	  	 	110	  
		
	 SECTION 9.01. Authorization and Action
	  	 	110	  
	 SECTION 9.02. Agents’ Reliance, Etc
	  	 	110	  
	 SECTION 9.03. Agents and Affiliates
	  	 	110	  
	 SECTION 9.04. Lender’s Loan Decision
	  	 	110	  
	 SECTION 9.05. Delegation of Duties
	  	 	111	  
	 SECTION 9.06. Indemnification
	  	 	111	  
	 SECTION 9.07. Successor Agents
	  	 	111	  
		
	 ARTICLE X MISCELLANEOUS
	  	 	111	  
		
	 SECTION 10.01. Amendments, Etc
	  	 	112	  
	 SECTION 10.02. Notices, Etc
	  	 	112	  
	 SECTION 10.03. Assignability
	  	 	112	  
	 SECTION 10.04. Additional Lender Groups
	  	 	114	  
	 SECTION 10.05. Consent to Jurisdiction
	  	 	115	  
	 SECTION 10.06. WAIVER OF JURY TRIAL
	  	 	115	  
	 SECTION 10.07. Right of Setoff
	  	 	115	  
	 SECTION 10.08. Ratable Payments
	  	 	115	  

  
 ii 

					
	 SECTION 10.09. Limitation of Liability
	  	 	115	  
	 SECTION 10.10. Costs, Expenses and Taxes
	  	 	116	  
	 SECTION 10.11. No Proceedings
	  	 	117	  
	 SECTION 10.12. Confidentiality
	  	 	117	  
	 SECTION 10.13. No Waiver; Remedies
	  	 	118	  
	 SECTION 10.14. GOVERNING LAW
	  	 	118	  
	 SECTION 10.15. Execution in Counterparts
	  	 	118	  
	 SECTION 10.16. Integration; Binding Effect; Survival of Termination
	  	 	118	  

 EXHIBITS AND SCHEDULES 
  

			
	EXHIBIT A	  	Credit and Collection Policy
	EXHIBIT B	  	Form of Borrowing Request
	EXHIBIT C-1	  	Form of Monthly Report
	EXHIBIT C-2	  	Form of Monthly Serviced Portfolio Report
	EXHIBIT D	  	Form of Contract
	EXHIBIT E	  	List of Offices of Borrower where Records are Kept
	EXHIBIT F	  	 List of Lock-Boxes, Lock-Box Processors; Depository Accounts;
 Depository Account Banks

	EXHIBIT G	  	List of Closing Documents
	EXHIBIT H	  	Form of Assignment and Acceptance
	EXHIBIT I	  	Form of Joinder Agreement
	EXHIBIT J	  	Form of Prepayment Notice
	EXHIBIT K	  	Form of Notice of Exclusive Control
	EXHIBIT L	  	Form of LTV Adjusted Advance Rate Certificate
	EXHIBIT M	  	Form of Borrowing Base Certificate
	EXHIBIT N	  	Master Agency Agreement
	EXHIBIT O	  	Intercreditor Provisions
		
	SCHEDULE I	  	Lender Groups
	SCHEDULE II	  	Notice Addresses
	SCHEDULE III	  	Approved Sub-servicers
	SCHEDULE IV	  	Contract Debtor Documents
	SCHEDULE V	  	Employee Purchase Program Terms

  
 iii

 LOAN AND SERVICING AGREEMENT 

This LOAN AND SERVICING AGREEMENT dated as of December 28, 2011, is by and among DT WAREHOUSE, LLC, a Delaware
limited liability company, as Borrower, DT CREDIT COMPANY, LLC, an Arizona limited liability company, as Servicer, WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Backup Servicer, Paying Agent and Securities Intermediary,
THE COMMERCIAL PAPER CONDUITS FROM TIME TO TIME PARTY HERETO, as Conduit Lenders, THE FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY HERETO, as Committed Lenders, THE FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY HERETO, as Managing Agents, and
DEUTSCHE BANK AG, NEW YORK BRANCH, as Program Agent for the Conduit Lenders and the Committed Lenders. Capitalized terms used herein shall have the meanings specified in Section 1.01. 

PRELIMINARY STATEMENTS 
 WHEREAS, the Borrower may from time to time purchase Contracts and related assets from the Originator pursuant to the Purchase Agreement; 

WHEREAS, to fund its purchases under the Purchase Agreement, the Borrower may from time to time request Loans from the
Lenders on the terms and conditions of this Agreement; 
 WHEREAS, the Conduit Lenders may, in their sole
discretion, make Loans so requested from time to time, and if a Conduit Lender in any Lender Group elects not to make any such Loan, the Committed Lenders in such Lender Group have agreed that they shall make such Loan, in each case subject to the
terms and conditions of this Agreement; 
 NOW THEREFORE, in consideration of the premises, the mutual covenants
and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each party agrees as follows: 
 ARTICLE I 
 DEFINITIONS 

SECTION 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following
meanings: 
 “Accepted Servicing Practices” means, with respect to any Contract, those
servicing practices (including collection procedures) of prudent subprime auto loan servicing institutions which service auto loans of the same type as such Contract in the jurisdiction where such Contract is located, and which are in accordance
with the servicing practices described in the Credit and Collection Policy. 
 “Account Bank”
means each of the Depository Account Bank and the Securities Intermediary. 
 “Accounting
Period” means a calendar month. 
 “Adjusted LIBO Rate” means, for any Interest
Period, an interest rate per annum obtained by dividing (i) the LIBO Rate for such Interest Period by (ii) a percentage equal to 100% minus the LIBO Rate Reserve Percentage for such Interest Period. 

 “Advance Rate” means, as of any date of determination, the
Advance Rate Percentage in effect on such date, minus the Advance Rate Reduction Percentage (if any) on such date. 
 “Advance Rate Percentage” means, as of any LTV Adjusted Advance Rate Reporting Date and continuing until the next succeeding LTV Adjusted Advance Rate Reporting Date, the lesser of
(a) 58.00% and (b) the LTV Adjusted Advance Rate determined by the Servicer pursuant to Section 5.05(i) hereof on such Quarterly Measurement Date. 

“Advance Rate Reduction Percentage” means, at any time, (a) prior to the occurrence of a Level
Three Trigger Event, 0%; (b) from and after the occurrence of a Level Three Trigger Event but prior to the occurrence of a Level One Trigger Event, 4.00% or (c) from and after the occurrence of a Level One Trigger Event, 9.00%. 

“Adverse Claim” means a Lien other than any Permitted Lien. 

“Affected Party” means any Lender, Deutsche Bank, individually and in its capacity as Program Agent, any
Managing Agent, any Liquidity Provider and, with respect to each of the foregoing, the parent company or holding company that controls such Person. 
 “Affiliate” means, with respect to any Person, any other Person which, directly or indirectly, controls, is controlled by, or is under common control with, such Person. For purposes of
this definition, “control” (together with the correlative meanings of “controlled by” and “under common control with”) means possession, directly or indirectly, of the power (a) to vote 10% or more of the
securities (on a fully diluted basis) having ordinary voting power for the directors or managing general partners (or their equivalent) of such Person, or (b) to direct or cause the direction of the management or policies of such Person,
whether through the ownership of voting securities, by contract, or otherwise. 
 “Aggregate
Commitment” means, at any time, the sum of the Commitments then in effect. The Aggregate Commitment as of the Closing Date is $150,000,000. 
 “Agreement” means this Loan and Servicing Agreement, as amended, restated, supplemented or otherwise modified from time to time. 

“Alternative Rate” means, with respect to a Loan on any day, an interest rate per annum equal to the sum
of the LIBO Rate Margin, plus the Adjusted LIBO Rate for such Interest Period; provided, however, that: 
 (i)        if a LIBOR Disruption Event is continuing on such day, 

(ii)       if the applicable Lender does not receive a request, by no
later than 12:00 p.m. (New York City time) on the Business Day preceding the first day of the related Interest Period that such Loan shall be funded at the Adjusted LIBO Rate, 

(iii)      if, after giving effect to such Loan, the aggregate Principal
Amount of all Loans held by the applicable Lender, is less than $500,000, or 

(iv)      if the Borrower elects to fund such Loan at the Base Rate,

 the Alternative Rate shall be an interest rate per annum equal to the Base Rate in effect from time to time during such
Interest Period plus the LIBO Rate Margin. 

  
 2 

 “Amount Financed” means, with respect to a Contract, the
aggregate amount originally advanced under such Contract toward the purchase price of the Financed Vehicle and any related costs (exclusive of any Optional Contract Debtor Insurance). 

“Annual Percentage Rate” or “APR” means, with respect to a Contract, the annual
percentage rate of finance charges stated in such Contract. 
 “Approved Indebtedness” means
any Indebtedness of DTAC and/or DTAG that satisfies all of the following criteria: 

(i)        such Indebtedness is subordinated in right of payment to all senior
secured Indebtedness of DTAC and DTAG and, if such Indebtedness is secured Indebtedness, the Liens securing such Indebtedness are subordinated to the Liens securing all senior secured Indebtedness of DTAC and DTAG; and 

(ii)       (A) such Indebtedness has a scheduled maturity date no earlier than 24
months following the Commitment Termination Date, (B) if such Indebtedness is not represented by one or more notes in registered global form with The Depository Trust Company or a similar clearing agency registered under the U.S. Securities
Exchange Act of 1934, as amended, unless otherwise consented to in writing by the Majority Managing Agents, such Indebtedness is governed by documents which expressly provide that interest and principal payments with respect to such Indebtedness
shall not be paid to the holders thereof from and after the occurrence of an Event of Termination or Incipient Event of Termination, (C) the documents governing such Indebtedness do not contain financial covenants more restrictive on the DT
Entities than those set forth in Section 7.01(k) through (n) and (D) the documents governing such Indebtedness may not be amended without the prior written consent of the Program Agent. 

“Approved Sub-servicer” means each Person (i) appointed by the Servicer pursuant to
Section 6.01(d) to perform certain of the obligations of the Servicer hereunder, (ii) approved by the Borrower, the Servicer, the Program Agent and the Managing Agents and (iii) identified on Schedule III hereto, as such, Schedule III
may be amended from time to time with the consent of the Borrower, the Servicer, the Program Agent and the Managing Agents. 
 “Article 122a” means Article 122a of the Capital Requirements Directive 2006/48/EC (as amended by Directive 2009/111/EC), as the same may be implemented by European Union Member States
and amended and modified from time to time. 
 “Assignment and Acceptance” means an agreement
substantially in the form set forth as Exhibit H hereto pursuant to which a new Conduit Lender or Committed Lender becomes party to this Agreement. 
 “Available Liquidity” means, with respect to the DT Entities On A Consolidated Basis at any date, the aggregate for such date of (i) all cash of the DT Entities On A Consolidated
Basis, (ii) all Cash Equivalents then held by the DT Entities On A Consolidated Basis, (iii) the unused portion of the amount available to be borrowed by the DT Entities as of such date under the Inventory Facility, (iv) the unused
portion of the amount available to be borrowed by any DT Entity or any Affiliate or Subsidiary thereof as of such date under each Warehouse Facility reviewed and approved by the Program Agent (such approval not to be unreasonably withheld or
delayed), (v) the unused portion of the amount available to be borrowed as of such date by any DT Entity or any Affiliate or Subsidiary thereof under any other asset-based credit facility to which it is a party (including, without limitation, a
credit facility secured by residual interests in securitization transactions involving Contracts) reviewed and approved by 

  
 3 

 
the Program Agent (such approval not to be unreasonably withheld or delayed) and (vi) without duplication of the amount described in the preceding clause (v), the amount that would be
available to be borrowed as of such date by a DT Entity or any Affiliate or Subsidiary thereof under an asset-based credit facility of the type described in such clause (v) if all unencumbered Contracts that are available and eligible to be
pledged as collateral (without causing a default under the documents governing any Indebtedness of any DT Entity or any Affiliate or Subsidiary thereof) were so pledged by such DT Entity, Affiliate or Subsidiary on such date. 

“Average Gross Margin” means, with respect to all Motor Vehicles sold by any DT Entity to Contract
Debtors during any Accounting Period, the amount obtained by dividing (i) the aggregate sales price of such Motor Vehicles minus the aggregate cost of such Motor Vehicles (including purchase costs and any reconditioning or repair costs, each as
measured by the DT Entities On A Consolidated Basis in accordance with GAAP) by (ii) the aggregate number of such Motor Vehicles sold during such Accounting Period. 

“Backup Servicer” means Wells Fargo Bank, National Association, in its capacity as Backup Servicer
pursuant hereto, or such other Person as may be approved by the Majority Managing Agents. 
 “Backup
Servicing Fee” means, for any Accounting Period, the fees set forth in Section 6.10 hereof. 

“Bankruptcy Code” means Title 11 of the United States Code, 11 U.S.C. Section 101 et seq., as
amended from time to time, or any successor thereto. 
 “Base Rate” means a fluctuating
interest rate per annum as shall be in effect from time to time, which rate shall at all times be equal to the higher of: (A) the Prime Rate, and (B) the Federal Funds Rate plus 0.50%. 

“Basel II” means the second Basel Accord issued by the Basel Committee on Banking Supervision.

 “Borrower” means DT Warehouse, LLC, a Delaware limited liability company, in its capacity as
Borrower hereunder, together with its successors and permitted assigns. 
 “Borrower
Information” has the meaning specified in Section 10.12(b) hereof. 
 “Borrower
Obligations” means all present and future indebtedness and other liabilities and obligations (howsoever created or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Borrower to the Secured
Parties arising under this Agreement or any other Facility Document or the transactions contemplated hereby or thereby, and shall include, without limitation, the repayment of the Outstanding Loan Amount and the payment of Interest, Fees and all
other amounts due or to become due from the Borrower under the Facility Documents (whether in respect of fees, expenses, indemnifications, breakage costs, increased costs or otherwise), including, without limitation, interest, fees and other
obligations that accrue after the commencement of any bankruptcy, insolvency or similar proceeding with respect to any Transaction Party (in each case whether or not allowed as a claim in such proceeding). 

“Borrower Representatives” has the meaning specified in Section 10.12(a) hereof. 

“Borrowing” means a borrowing of Loans under this Agreement. 

  
 4 

 “Borrowing Base” means, at any time, the sum of
(i) the Borrowing Base (Eligible Contracts) and (ii) the Borrowing Base (Wet Contracts). 

“Borrowing Base (Eligible Contracts)” means, at any time, the product of (i) the Advance Rate and
(ii) (w) the aggregate Principal Balances of all Eligible Contracts at such time, minus (x) the amount by which the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated
“D+”, “D” or “D-” pursuant to the Credit and Collection Policy exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time, minus (y) the amount by which the aggregate
Principal Balances of all Eligible Contracts as to which all or part in excess of 10.00% of any Scheduled Payment is 31 or more but less than 61 days delinquent exceeds the product of 10.00%, minus (z) the amount by which the aggregate
Principal Balances of all Eligible Contracts as to which the original term to maturity exceeds sixty-eight (68) months exceeds the product of 5.00% and the aggregate Principal Balances of all Eligible Contracts at such time. 

“Borrowing Base (Wet Contracts)” means, at any time, the lesser of (a) $9,000,000 and
(b) (i) the product of 50% and the aggregate Principal Balance of all Pledged Contracts that are Wet Contracts at such time, minus (ii) the amount by which the aggregate Principal Balances of all Pledged Contracts that are Wet
Contracts as to which the related Contract Debtor is rated “D+”, “D” or “D-” pursuant to the Credit and Collection Policy exceeds the product of 5.00% and the aggregate Principal Balances of all Pledged Contracts that
are Wet Contract at such time, minus (iii) the amount by which the aggregate Principal Balances of all Pledged Contracts that are Wet Contracts as to which the original term to maturity exceeds sixty-eight (68) months exceeds the product
of 5.00% and the aggregate Principal Balances of all Pledged Contracts that are Wet Contracts at such time. 

“Borrowing Base Certificate” means the certificate and accompanying computer file containing a detailed
computation of the Borrowing Base (in a format acceptable to the Program Agent) prepared by the Borrower substantially in the form of Exhibit M attached hereto. 

“Borrowing Base Deficiency” means, at any time, the excess, if any, of (i) the Outstanding Loan
Amount over (ii) the Borrowing Base. 
 “Borrowing Date” has the meaning specified in
Section 2.02(a)(i). 
 “Borrowing Request” has the meaning specified in
Section 2.02(a)(i). 
 “Business Day” means any day other than a Saturday, Sunday or
public holiday or the equivalent for banks in New York City, New York, Minneapolis, Minnesota and, if the term “Business Day” is used in connection with the LIBO Rate, any day on which dealings are carried on in the London interbank
market. 
 “Capital Lease Obligations” means, for any Person, all obligations of such Person to
pay rent or other amounts under a lease of (or other agreement conveying the right to use) Property to the extent such obligations are required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP, and,
for purposes of this Agreement, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP. 
 “Capitalized Lease” means a lease of (or other agreement conveying the right to use) real or personal property with respect to which at least a portion of the rent or other amounts
thereon constitute Capital Lease Obligations. 

  
 5 

 “Cash Equivalents” means (a) securities with
maturities of 90 days or less from the date of acquisition issued or fully guaranteed or insured by the United States Government or any agency thereof, (b) certificates of deposit and eurodollar time deposits with maturities of 90 days or less
from the date of acquisition and overnight bank deposits of any commercial bank having capital and surplus in excess of $500,000,000, (c) repurchase obligations of any commercial bank satisfying the requirements of clause (b) of this
definition, having a term of not more than seven days with respect to securities issued or fully guaranteed or insured by the United States Government, (d) commercial paper of a domestic issuer rated at least A-1 or the equivalent thereof by
S&P or P-1 or the equivalent thereof by Moody’s and in either case maturing within 90 days after the day of acquisition, (e) securities with maturities of 90 days or less from the date of acquisition issued or fully guaranteed by any
state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political
subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A2 by Moody’s, (f) securities with maturities of 90 days or less from the date of acquisition backed by standby letters of credit
issued by any commercial bank satisfying the requirements of clause (b) of this definition, (g) shares of money market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (a) through
(f) of this definition or (h) investments in money market or common trust funds having a rating from each of Moody’s and S&P in the highest investment category for short-term unsecured debt obligations or certificates of deposit
granted thereby. 
 “Certificate of Title” means with respect to each Financed Vehicle, the
certificate of title (or other evidence of ownership) issued by the department of motor vehicles, or other appropriate governmental body, of the state in which the Financed Vehicle is to be registered showing the Contract Debtor as owner, with a
notation of the Originator’s or DTCS’s first lien or such other status indicated thereon which is necessary to perfect the Originator’s or DTCS’s security interest in the Financed Vehicle as a first priority security interest,
and showing no other actual or possible lien interest in the Financed Vehicle. 
 “Change of
Control” means any of the following: (a) the acquisition by any Person, or two or more Persons acting in concert, of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the
Securities Exchange Act of 1934) of outstanding shares of voting stock or membership interests of either Parent Company at any time, if after giving effect to such acquisition, Ernest C. Garcia II or an entity or trust affiliated with such
individual, collectively, ceases to own more than 50% of the voting stock and membership interests of each Parent Company or ceases to have the right to elect a majority of the board of directors of either Parent Company; (b) any transaction or
series of transactions whereby any Person or Persons acting in concert (other than the Lenders and or their Affiliates) acquire the right, by contract or otherwise, to direct the management and activities of any DT Entity or its Subsidiaries or
(c) the Originator shall cease to own, directly or indirectly, 100% of the issued and outstanding Equity Interests of the Borrower. 
 “Charged-Off Contract” means a Contract with respect to which any the following shall have occurred: (i) for which all, or any part in excess of 10%, of any Scheduled Payment is one
hundred twenty (120) days or more delinquent on the last day of a calendar month; (ii) the related Financed Vehicle has been surrendered or repossessed and the redemption period granted the Contract Debtor or required by applicable law has
expired, or is to be repossessed but is unable to be located or is otherwise subject to being repossessed; (iii) which has been settled for less than the Principal Balance; (iv) which has been liquidated by the Servicer through the sale of
the Financed Vehicle; (v) for which proceeds have been received which in the Servicer’s reasonable judgment, constitute the final amounts recoverable in respect of such Contract; or (vi) which has been charged-off (or should have been
charged-off) in accordance with the Credit and Collection Policy. 

  
 6 

 “Charged-Off Losses Ratio” means, with respect to any
Accounting Period (i) with respect to the Pledged Contracts, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balance of such Pledged Contracts which became Charged-Off Contracts during such Accounting
Period, minus the aggregate of amounts received by the Servicer during such Accounting Period and applied to any Pledged Contract which is a Charged-Off Contract as of the end of such Accounting Period, and the denominator of which is the aggregate
Principal Balance of all Pledged Contracts as of the end of such Accounting Period, or (ii) with respect to the Managed Portfolio Contracts, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balance of
the Managed Portfolio Contracts which became Charged-Off Contracts during such Accounting Period, minus the aggregate of amounts received by the Servicer during such Accounting Period and applied to any such Managed Portfolio Contract which is a
Charged-Off Contract as of the end of such Accounting Period, and the denominator of which is the aggregate Principal Balance of all Managed Portfolio Contracts as of the end of such Accounting Period. 

“Closing Date” means December 28, 2011. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” has the meaning set forth in Section 2.15. 

“Collection Account” has the meaning set forth in Section 2.20. 

“Collections” means any and all cash collections and other cash proceeds of the Pledged Contracts, all
Scheduled Payments or other payments or distributions of principal, interest, finance charges, fees, late charges or other amounts collected in respect of the Pledged Contracts, all Insurance Proceeds, all payments from Contract Rights Payors, all
Net Liquidation Proceeds, any Purchase Amounts paid by the Originator to the Borrower in connection with a repurchase of Contracts pursuant to the terms of the Purchase Agreement and any other amounts received by or on behalf of any DT Entity in
respect of the Pledged Contracts. 
 “Commercial Paper” means the short term promissory notes
issued by a Conduit Lender in the commercial paper market. 
 “Commitment” of any Committed
Lender means the Dollar amount set forth on Schedule I hereto or, in the case of a Committed Lender that becomes a party to this Agreement pursuant to an Assignment and Acceptance or a Joinder Agreement the amount set forth therein as such Committed
Lender’s “Commitment”, in each case as such amount may be (i) reduced or increased by any Assignment and Acceptance entered into by such Committed Lender and the other parties thereto in accordance with the terms hereof and
(ii) reduced or increased pursuant to Section 2.03. 
 “Commitment Termination Date”
means December 27, 2012, as such date may be extended from time to time pursuant to Section 2.08. 

“Committed Lender” means, as to any Lender Group, each of the financial institutions listed on Schedule
I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns. 
 “Commonly Controlled Entity” means a Person under “common control” (as defined in Section 4001(a)(14) of ERISA) with any DT Entity or their Affiliates. 

  
 7 

 “Conduit Lender” means, collectively, the Persons
identified as “Conduit Lenders” on Schedule I and their respective successors and permitted assigns. 

“Conduit Lending Limit” means, for any Conduit Lender, the maximum principal amount of the Loans which
may be advanced by such Conduit Lender as set forth on Schedule I (or on the signature pages to the Assignment and Acceptance or Joinder Agreement pursuant to which such Conduit Lender became a party hereto), subject to assignment pursuant to
Section 10.03, as such amount may be modified from time to time by notice from the related Managing Agent to the Borrower and the Program Agent. 
 “Continued Errors” has the meaning specified in Section 6.14. 
 “Contract” means a retail installment or conditional sale contract, with any Modifications, originated by any of DTCS, or the Originator at any time pursuant to which a Contract Debtor
has (i) purchased a new or used Motor Vehicle from DTCS, (ii) granted a security interest in the Motor Vehicle to secure the Contract Debtor’s payment obligations, and (iii) agreed to pay the unpaid purchase price and a finance
charge in periodic installments no less frequently than monthly. 
 “Contract Collateral” has
the meaning specified in Section 2.15(a)(i)(J) hereof. 
 “Contract Debtor” means, with
respect to a Contract, the Person that has executed the Contract as a purchaser, and any guarantor, co-signer or other Person obligated to make payments under the Contract. 

“Contract Debtor Documents” means, with respect to a Contract, those documents that are identified on
Schedule IV attached hereto and made a part hereof. 
 “Contract Debtor Information” has the
meaning specified in Section 10.12(c) hereof. 
 “Contract Delivery Documents” means, with
respect to a Contract, the original Certificate of Title (or, to the extent provided in Section 2.03 of the Custodial Agreement, evidence of application for a Certificate of Title) and the original executed Contract with original Contract
Debtor signatures. 
 “Contract Disposition Transaction” means any sale of Contracts in
connection with a Securitization Transaction, a whole loan sale transaction or any other similar transaction. 

“Contract Rights” means, with respect to a Contract, all rights and interests of the Originator (at the
time they arise, and before giving effect to any transfer or conveyance under the Purchase Agreement) or the Borrower (after giving effect to the transfers thereunder) in or with respect to (i) such Contract, (ii) the related Financed
Vehicle, including any repossessed Financed Vehicle, and in and to any other collateral securing such Contract, including any security deposit; (iii) any Optional Contract Debtor Insurance and any other policies of fire, theft or comprehensive
insurance, collision insurance, public liability insurance or property damage insurance maintained with respect to the Financed Vehicle, the Contract, or the Contract Debtor; (iv) all Collections with respect to such Contract, and (v) the
originals of all Records relating to the Contracts, including, but not limited to, Contract Debtor Documents, financial statements of Contract Debtors, and all payment reports or records relating to the Contracts. 

“Contract Rights Payors” means Persons, other than Contract Debtors, against whom Contract Rights may be
asserted. 

  
 8 

 “Contract Selection Methodology” has the meaning set forth
in the Purchase Agreement. 
 “Contractual Obligation” means as to any Person, any material
provision of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound or any material provision of any security issued by such Person. 

“Control Agreement” means an agreement among the Borrower, the Servicer, the Program Agent and an
Account Bank, in such form as the Program Agent may approve, which provides for the Program Agent to have “control” (within the meaning of Section 9-102 of any applicable enactment of the UCC) of any account identified therein. The
Master Agency Agreement shall be a Control Agreement for purposes of this Agreement. 
 “Coverage
Ratio” means, on any Quarterly Measurement Date, the ratio computed by dividing (a) EBITDA for the portion of the calendar year ending on such Quarterly Measurement Date by (b) Interest Expense for such portion of the calendar
year. 
 “CP Rate” means, with respect to any Conduit Lender on any day, the sum of
(i) the per annum rate equivalent to the weighted average cost (as reasonably determined by the related Managing Agent, and which shall include (without duplication), the fees and commissions of placement agents and dealers, incremental
carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by such Conduit Lender, other borrowings by such Conduit Lender and any other costs associated with the issuance of
Commercial Paper) to the extent related to the issuance of Commercial Paper that is allocated, in whole or in part, by such Conduit Lender or its related Managing Agent to fund or maintain a Loan (or portion thereof) during such Interest Period;
provided, however, that if any component of any such rate is a discount rate, in calculating the “CP Rate” for such Interest Period, the related Managing Agent shall for such component use the rate resulting from converting such
discount rate to an interest bearing equivalent rate per annum and (ii) the CP Rate Margin. 
 “CP
Rate Margin” means (i) on or prior to December 31, 2010, a per annum rate equal to 4.25% or (ii) thereafter, a per annum rate equal to 3.25%. 

“Cram Down Loss” means, with respect to a Contract, if a court of appropriate jurisdiction in an
insolvency proceeding shall have issued an order reducing the amount owed on a Contract or otherwise modifying or restructuring Scheduled Payments to be made under such Contract, an amount equal to such reduction in Principal Balance of such
Contract or the reduction in the net present value (using as the discount rate the lower of the contract rate or the rate of interest specified by the court in such order) of the Scheduled Payments as so modified or restructured. A “Cram Down
Loss” shall be deemed to have occurred on the date such order is entered. 
 “CRD” means,
Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 (as amended by Directive 2009/111/EC), as amended from time to time. 
 “Credit and Collection Policy” means, (i) if DTCC or any Affiliate thereof is the Servicer, the underwriting guidelines and credit and collection policies and practices of the
Originator as in effect on the date hereof, a copy of which attached as Exhibit A hereto, as modified from time to time in accordance with the terms of Section 5.03(c) or (ii) if DTCC or any Affiliate thereof is not the Servicer, the
customary collection policies and practices of the successor Servicer. 
 “Cumulative Custodial
Report” has the meaning set forth in the Custodial Agreement. 

  
 9 

 “Cumulative Quarterly Measurement Period” means, for the DT
Entities On A Consolidated Basis as of any Quarterly Measurement Date, the period from the beginning of the fiscal year of the Parent Companies and their consolidated Subsidiaries through and including such Quarterly Measurement Date. 

“Custodial Agreement” means the Amended and Restated Custodial Agreement, dated as of the Closing Date,
among the Borrower, the Servicer, the Custodian and the Program Agent, as the same shall be modified and supplemented and in effect from time to time. 
 “Custodial Fees” means, for any Accounting Period, the fees set forth in Section 7 of the Custodial Agreement. 

“Custodian” means Wells Fargo Bank, National Association, its successors and permitted assigns under the
Custodial Agreement. 
 “Dealer” means a merchant in the business of selling Motor Vehicles to
the public in the retail market. 
 “Debt Rating” means, with respect to any Person at any
time, the then current rating by S&P or Moody’s of such Person’s long-term public senior unsecured non-credit enhanced debt. 
 “Debtor Relief Laws” means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization,
suspension of payments, readjustment of debt, marshaling of assets or similar debtor relief laws of the United States or any State of the United States from time to time in effect affecting the rights of creditors generally. 

“Delinquency Measurement Contract” means, as of any date of determination, a Contract, other than a
Charged-Off Contract, as to which all or any portion of any Scheduled Payment in excess of 10.00% of such Scheduled Payment is due and unpaid for more than 30 days but less than 121 days. 

“Delinquency Measurement Ratio” means, as of any Measurement Date, (a) with respect to the Pledged
Contracts, the quotient (expressed as a percentage) of (i) the Principal Balance of the Pledged Contracts which are Delinquency Measurement Contracts as of such Measurement Date, divided by (ii) the aggregate Principal Balance of all
Pledged Contracts as of such Measurement Date, or (b) with respect to the Managed Portfolio Contracts, the quotient (expressed as a percentage) of (i) the Principal Balance of all of the Managed Portfolio Contracts which are Delinquency
Measurement Contracts as of such Measurement Date, divided by (ii) the aggregate Principal Balance of all Managed Portfolio Contracts as of such Measurement Date. 

“Demand Note” means that certain Fifth Amended and Restated Demand Note dated as of the Closing Date
executed by DTAC in favor of the Borrower, which note has been pledged and assigned to the Program Agent for the benefit of the Secured Parties pursuant to this Agreement, as such note may be amended, restated, supplemented or otherwise modified
from time to time. 
 “Depository Account” means each depositary account, concentration account
or other similar account into which Collections are collected or deposited. 
 “Depository Account
Bank” means a financial institution at which a Depository Account is maintained. 

  
 10 

 “Dodd-Frank Act” means the Dodd-Frank Wall Street Reform
and Consumer Protection Act and any successor statute. 
 “Dollars” and “$”
each mean the lawful currency of the United States of America. 
 “DT Entities On A Consolidated
Basis” means, with respect to any applicable financial statement or measurement, the treatment of such financial information or measurement for the Parent Companies and their consolidated Subsidiaries as a single unit, after elimination of
all intercompany transactions, determined in accordance with GAAP. 
 “DT Entity” means,
individually, DTAC, DTAG, DTCC, DTCS, and DTSFC; “DT Entities” means such Persons collectively. 
 “DTAC” means DT Acceptance Corporation, an Arizona corporation, together with its successors. 
 “DTAG” means DriveTime Automotive Group, Inc., a Delaware corporation, together with its successors. 

“DTCC” means DT Credit Company, LLC, an Arizona limited liability company, together with its successors.

 “DTCS” means DriveTime Car Sales Company, LLC, an Arizona limited liability company,
together with its successors and each wholly-owned subsidiary of DriveTime Car Sales Company, LLC, created for the purpose of originating Contracts. 
 “DTOC” means DriveTime Ohio Company, LLC, an Arizona limited liability company, together with its successors. 

“DTSFC” means DriveTime Sales and Finance Company, LLC, an Arizona limited liability company, together
with its successors. 
 “Due Date” means, with respect to a Contract, the day of the month on
which a Scheduled Payment is due on the Contract, exclusive of any days of grace. 
 “EBITDA”
means, for the DT Entities On A Consolidated Basis any period, GAAP earnings plus (i) total interest expense (including that portion attributable to Capitalized Leases in accordance with GAAP and capitalized interest) of the DT Entities On A
Consolidated Basis with respect to all outstanding Indebtedness of the DT Entities On A Consolidated Basis, including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing
and net costs under interest rate agreements, but excluding, however, the amortization of deferred financing fees plus (ii) depreciation determined in accordance with GAAP for such period plus (iii) Taxes determined in accordance with GAAP
for such period. 
 “Eligible Account” means either (a) a segregated account or accounts
maintained with an institution whose deposits are insured by the Federal Deposit Insurance Corporation, the unsecured and uncollateralized long-term debt obligations of which institution shall be rated “AA” or higher by S&P and
“Aa2” or higher by Moody’s and the short-term debt obligations of which have the highest short term rating by each of the Rating Agencies, and which is (i) a federal savings and loan association duly organized, validly existing
and in good standing under the federal banking laws, (ii) an institution duly organized, validly existing and in good standing under the applicable banking laws of any State, (iii) a

  
 11 

 
national banking association duly organized, validly existing and in good standing under the federal banking laws or (iv) a subsidiary of a bank holding company or (b) a segregated
trust account or accounts maintained with the trust department of a federal or State chartered depository institution acceptable to the Program Agent, having capital and surplus of not less than $100,000,000, acting in its fiduciary capacity.

 “Eligible Contract” means, at any time, a Contract: 

(a)        as to which the information set forth in the Master
Custodial Report with respect to such Contract is complete, true and correct in all material respects; 
 (b)        which is in the form of Exhibit D, or a different form consented to in writing by the Program Agent; 

(c)        with respect to which the first Scheduled Payment is
due within forty-five (45) days after the date of such Contract; 

(d)        (i) with respect to which all, or any part in excess
of 10%, of any Scheduled Payment is not more than sixty (60) days delinquent on payments and (ii) which, as of the date transferred to the Borrower, was less than thirty-one (31) days past due; 

(e)        which the Servicer has not designated as out for or in
repossession; 
 (f)        as to which any right of
rescission arising out of the Contract of the Contract Debtor has expired; 

(g)       which is not (i) a Charged-off Contract, (ii) a
Contract for which the Amount Financed was in excess of $30,000, or (iii) a Contract that (A) was previously a Pledged Contract and (B) was previously transferred by the Borrower in connection with a Contract Disposition Transaction
and, at the time of such Contract Disposition Transaction, was a Delinquency Measurement Contract; provided, that notwithstanding the foregoing, a Contract of the type described in this clause (iii) may become an Eligible Contract
if it otherwise satisfies the definition thereof upon the earlier of (x) the date after such Contract Disposition Transaction on which such Contract is not a Delinquency Measurement Contract and the related Contract Debtor has made at least
four (4) Scheduled Payments thereunder and (y) the date on which such Contract was not a Delinquency Measurement Contract for three (3) consecutive Accounting Periods; 

(h)        which a Simple Interest Method loan, has a fixed APR
of at least 5.00% and the “Finance Charge” was computed using a fixed rate; 

(i)         which (i) has an original term to maturity
that is not less than twelve (12) months and does not exceed sixty-two (62) months, or such other period as may be agreed to from time to time by the Borrower and the Program Agent provided that (x) for Receivables as to which the
Contract Debtor is rated “B” the original term to maturity is not less than twelve (12) months and does not exceed sixty-eight (68) months and (y) for Receivables as to which the Contract Debtor is rated “A” the
original term to maturity is not less than twelve (12) months and does not exceed seventy-two (72) months, (ii) the Schedule of Payments has equal periodic payments except for payments due during the first 90 days of the term of such
Contract, and except for the final payment which may be less than the other equal payments, and the payment obligation is in United States dollars, and (iii) does not cause the weighted average (based on Principal Balances of the applicable
Eligible Contracts) original term to maturity of all Eligible Contracts that are 

  
 12 

 
Pledged Contracts to exceed sixty-two (62) months; provided that the Pledged Contracts rendered ineligible solely pursuant to the foregoing clause (iii) shall be selected by the
Borrower from the Pledged Contracts with the longest original term to maturity and only with Principal Balances required to reduce such weighted average original term to maturity of all Eligible Contracts that are Pledged Contracts to or below
sixty-two (62) months; provided that any such ineligible Pledged Contract may be subsequently designated by the Borrower as an “Eligible Contract” if the eligibility of such Pledged Contract would not cause such weighted
average original term to maturity of all Pledged Contracts to exceed sixty-two (62) months; 
 (j)        which provides that, in the event such Contract is pre-paid, the prepayment shall fully pay the Principal Balance and unpaid interest, including interest
in the month of prepayment to the date of prepayment, at the APR; 

(k)       which provides for the absolute sale of the Financed Vehicle
to the Contract Debtor, and the Financed Vehicle is not on approval or subject to any agreement between the Contract Debtor and the Dealer for the repurchase or return of the Financed Vehicle; 

(l)        which does not present a credit, collateral or
documentation risk which is material and unacceptable to the Program Agent; 

(m)      which was originated by DTCS, or the Originator in a Permitted
State; 
 (n)       which, if the Contract Debtor is an
employee, officer, agent, director, stockholder, supplier or creditor of any DT Entity or an Affiliate thereof, does not contain terms different than those in the most recent employee purchase program, a copy of which is attached hereto as Schedule
V; 
 (o)       which contains the original signature of the
Contract Debtor and the Dealer; 
 (p)       which is the
only unsatisfied original executed Contract for the purchase of the Financed Vehicle and accurately reflects all of the actual terms and conditions of the Contract Debtor’s purchase of the Financed Vehicle; 

(q)       as to which no DT Entity or any Affiliate thereof has made
any agreement with the Contract Debtor to reduce the amount owed on the Contract, or is required to perform any additional service for, or perform or incur any additional obligation to, the Contract Debtor in order for any DT Entity to enforce the
Contract; 
 (r)        which, (i) if originated by
DTCS, was transferred by DTCS to the Originator pursuant to the Origination Agreement, (ii) [reserved], (iii) at the time originated by DTCS, or the Originator, satisfied the creditworthiness and other advance criteria in the Credit and
Collection Policy or was otherwise approved by the Program Agent, and (iv) was originated without any fraud or misrepresentation on the part of DTCS, the Originator, or any other Person; 

(s)       with respect to which, the Contract Debtor’s
obligations under the Contract are secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Originator, which security interest has been validly assigned and transferred by the Originator to the
Borrower, which has a valid, subsisting and enforceable first priority perfected security interest in such Financed Vehicle; 
 (t)        which has not been, nor is it designated to be, terminated, satisfied, canceled, subordinated or rescinded in whole or in part; nor has the Financed
Vehicle been released, or 

  
 13 

 
designated for release, from the security interest granted by the Contract; and all of the holder’s obligations under the Contract have been performed except those which first arise
subsequent to such Contract becoming a Pledged Contract; 

(u)       no provision of which has been waived, extended, altered or
modified in any respect other than as provided in the Accepted Servicing Practices; 

(v)       as to which no claims of rescission, setoff, counterclaim,
defense or other material disputes have been asserted with respect to the Contract or Financed Vehicle; 
 (w)      as to which there are no unsatisfied Liens or claims for Taxes, labor, materials, fines, confiscation, or replevin relating to the Contract or Financed Vehicle;
there is no unsatisfied claim against the Contract Debtor based on the operation or use of the Financed Vehicle; all Taxes due for the purchase, use and ownership of the Financed Vehicle have been paid and all Taxes due on the transfer of the
Contract to the Borrower have been paid; 
 (x)       with
respect to which no DT Entity has repossessed the Financed Vehicle or commenced a replevin action or other lawsuit, against the Contract Debtor or Financed Vehicle; 

(y)       with respect to which the model year of the Financed Vehicle
is not more than twelve (12) years earlier than the model year in effect at the time the Contract becomes a Pledged Contract; 
 (z)       as to which the obligation of the original Contract Debtor has not been released or assumed by another Person unless the release or assumption was properly
documented and the Program Agent has consented in writing to such Contract being an Eligible Contract; 
 (aa)     as to which the down payment complies with the Credit and Collection Policy, and has been paid in full by the Contract Debtor and not loaned to the Contract Debtor by any
DT Entity or an Affiliate thereof, and any trade-in has been delivered to the Dealer with an endorsed Certificate of Title and as to which no amount has been loaned to the Contract Debtor to keep payments thereunder current; 

(bb)     with respect to which the Custodian has delivered to the Program Agent
the deliveries required under the Custodial Agreement that confirm that the Custodian is in physical possession of the Contract Delivery Documents; 

(cc)     which, together with the sale of the Financed Vehicle and the sale of
any Optional Contract Debtor Insurance, complied at the time such Contract was originated or made, and continue to comply in all material respects with 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
Magnuson-Moss Warranty Act, the Federal Reserve Board’s Regulations B and Z, the Servicemembers Civil Relief Act of 2003, the Texas Finance Code and other State adaptations of the Uniform Consumer Credit Code, and other consumer credit laws and
equal credit opportunity and disclosure laws; the form of such Contract and the manner in which it was completed and executed and all documents delivered and disclosures made in connection therewith are in compliance with all requirements of
applicable Federal, State and local laws, and all applicable regulations thereunder, except to the extent a failure to so comply would not have an adverse effect on (i) the collection and payment of the Contract, or (ii) the interests in
such Contract of any DT Entity; 

  
 14 

 (dd)      with respect to
which none of the Contracts Debtors is the United States of America, or any State, or any agency, department, or instrumentality of the United States of America, any State or municipality; 

(ee)       which was not originated in, and is not subject to the laws
of, any jurisdiction under which the sale, transfer, and assignment of such Contract, or the assignment and grant of a security interest pursuant to this Agreement, shall be unlawful, void or voidable, and with respect to which (i) no consent
of any Contract Debtor or other Person is required for the sale and assignment of or grant of security interest in such Contract and (ii) no DT Entity has entered into any agreement with any Contract Debtor or any other Person that prohibits,
restricts or conditions the sale, assignment, or grant of security interest in any portion of such Contract; 
 (ff)        which constitutes “tangible chattel paper” under Article 9 of the applicable UCC; 

(gg)      which (A) if such Contract was originated in a State in
which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Financed Vehicle shows DTCS, or the Originator named as the original
and only secured party under the related Contract as the holder of a first priority security interest in such Financed Vehicle; provided that any assumed name, designation or trade name may be used by DTCS, or the Originator on the title
document; provided further that the use of any such assumed name, designation or trade name by DTCS, or the Originator shall result in a fully perfected first priority security interest in favor of DTCS, or the Originator and a legal opinion
has been delivered to the Managing Agents by the Originator’s legal counsel stating the foregoing, and (B) if such Contract was originated in a State in which the filing of a financing statement under the UCC is required to perfect a
security interest in motor vehicles, such filings or recordings have been duly made and show the DTCS, or the Originator named as the secured party under the Contract; and if the title document has not yet been returned from the Registrar of Titles,
the Originator has received and delivered to the custodian written evidence that such title document showing DTCS, or the Originator as first lienholder has been applied for; 

(hh)      which represents the genuine, legal, valid and binding obligation
of the Contract Debtor thereunder and is enforceable by the holder thereof in accordance with its terms, except only as such enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights
generally, and all parties to such Contract had full legal capacity to execute and deliver such Contract and all other documents related thereto and to grant the security interest purported to be granted thereby; 

(ii)         with respect to which each Contract Debtor is
and continues to be domiciled in the United States; 

(jj)         with respect to which the related Financed
Vehicle has not suffered a casualty or been materially damaged and not repaired, and such Financed Vehicle is not located outside of the United States; 

(kk)       with respect to which, at the time of origination of such
Contract, to the knowledge of the Originator, the Borrower and the Servicer, the related Financed Vehicle is customarily used and garaged in the state issuing the Certificate of Title; 

(ll)         with respect to which the related Financed
Vehicle was properly delivered to the related Contract Debtor in good repair, without material defects and in satisfactory order, and such Financed Vehicle was accepted by the Contract Debtor after reasonable opportunity to

  
 15 

 
inspect and test same and, at the time of such delivery and acceptance, no Contract Debtor informed any DT Entity of any material defect therein; 

(mm)     with respect to which no Contract Debtor is involved in the business of
leasing or selling any Financed Vehicles; 
 (nn)       which does
not constitute a “consumer lease” under either (A) the UCC as in effect in the jurisdiction whose law governs the Contract, or (B) the Consumer Leasing Act, 15 U.S.C. 1667; 

(oo)       which is included in the aggregate numbers reported in Trust
Receipt Exhibit A, (i) which is not listed as having an Exception on the Cumulative Custodial Report, and (ii) for which the original Contract has not been delivered to the Borrower or Servicer pursuant to a Release Request; 

(pp)       which, at origination the related Financed Vehicle was
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 due from the Contract Debtor under such Contract and
(ii) naming DTCS or the Originator as a loss payee; 

(qq)       with respect to which the Servicer and the Originator have
clearly marked their electronic records to indicate that the Contract has been transferred to and is owned by the Borrower; 
 (rr)         with respect to which neither the related Contract Debtor (nor the Contract itself) was, at the date of transfer of such Contract to the Borrower,
the subject of a bankruptcy proceeding commenced after the execution of such Contract except if such Contract Debtor has received a discharge or dismissal of such proceeding under the Bankruptcy Code; 

(ss)        which is not subject to a forced placed insurance
policy on the related Financed Vehicle; 

(tt)         which has not been modified as to credit terms
in a manner adverse to the interests of the Lenders (in the reasonable judgment of the Program Agent) or extended or deferred for a period greater than 6 months (in aggregate) after its original maturity date; and 

(uu)       with respect to which the scheduled payments under the
Contract are due monthly in level payments through its maturity date sufficient to fully amortize the principal balance of such Contract by its maturity date, assuming timely payment by Obligors on simple interest Contracts, except that the payment
in the first or last month of the life of the Contract may be minimally different from the level payment. 

“Eligible Hedge Counterparty” means any bank, broker/dealer, insurance company or derivative product
company reasonably acceptable to the Program Agent. 
 “Enforceability Exceptions” means
exceptions to the enforceability of an obligation arising under (i) bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or affecting creditors’ rights generally, and (ii) general principles of equity,
including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing and the possible unavailability of specific performance, regardless of whether considered in a proceeding at equity or at law. 

“Entitlement Order” has the meaning set forth in Section 2.20(f). 

  
 16 

 “Equity Interests” means shares of capital stock,
partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or
acquire any such equity interest. 
 “ERISA” means the Employee Retirement Income Security Act
of 1974, as amended or any successor statute. 
 “ERISA Affiliate” means any corporation or
trade or business that is a member of any group of organizations (i) described in Section 414(b) or (c) of the Code of which Borrower is a member and (ii) solely for purposes of potential liability under Section 302(c)(11)
of ERISA and Section 412(c)(11) of the Code and the lien created under Section 302(f) of ERISA and Section 412(n) of the Code, described in Section 414(m) or (o) of the Code of which Borrower is a member. 

“Errors” has the meaning specified in Section 6.14. 

“Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board of
Governors of the Federal Reserve System, as in effect from time to time. 
 “Event of
Bankruptcy” means, with respect to any Person: 

(i)        such Person shall fail generally to pay its debts as
they come due, or shall make a general assignment for the benefit of creditors; or any case or other proceeding shall be instituted by such Person seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, reorganization, debt
arrangement, dissolution, winding up, or composition or readjustment of debts of it or its debts under the Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding up or composition or adjustment of debts, or
seeking the entry of an order for relief or the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator or the like for such Person or all or substantially all of its assets; or such Person shall take any corporate or
limited liability company action to authorize any of such actions; or 

(ii)       a case or other proceeding shall be commenced, without the
application or consent of such Person in any court seeking the liquidation, reorganization, debt arrangement, dissolution, winding up, or composition or readjustment of debts of such Person, the appointment of a trustee, receiver, custodian,
liquidator, assignee, sequestrator or the like for such Person or all or substantially all of its assets, or any similar action with respect to such Person under the Bankruptcy Code or any other law relating to bankruptcy, insolvency,
reorganization, winding up or composition or adjustment of debts, and (A) such case or proceeding shall continue undismissed, or unstayed and in effect, for a period of sixty (60) consecutive days or (B) an order for relief in respect
of such Person shall be entered in such case or proceeding or a decree or order granting such other requested relief shall be entered. 
 “Event of Termination” has the meaning assigned to that term in Section 7.01. 
 “Exception” has the meaning set forth in the Custodial Agreement. 
 “Exception Report” has the meaning set forth in the Custodial Agreement. 
 “Excess Spread Ratio “ means, on any date of determination, a percentage (which may be a negative percentage) computed as follows: (a) the product of (i) 12 and (ii) a
fraction, the numerator of 

  
 17 

 
which is the aggregate Finance Charge Collections during the immediately preceding Accounting Period and the denominator of which is the Outstanding Loan Amount at such time, minus (b) the
Servicer Fee Rate, minus (c) the weighted average Interest Rate for the immediately preceding Accounting Period. 
 “Excluded Taxes” means (a) taxes imposed on or measured by net income (however denominated), franchise or gross revenue taxes imposed in lieu of net income taxes imposed, by the
United States (or any political subdivision thereof), or any other jurisdiction (or any political subdivision thereof), as a result of the recipient being organized in, doing business in, or having its principal office or applicable lending office
located in such jurisdiction; (b) any United States withholding tax imposed pursuant to any branch profits taxes imposed by the United States or any similar taxes imposed by any other jurisdiction in which the Borrower is located; (c) any
United States withholding tax imposed by reason of an Affected Party’s failure to provide to Borrower the documents set forth in Section 2.13(c), to maintain or update such documents, or to provide any other documents, such that Borrower
is required to withhold United States withholding tax; (d) any United States federal withholding taxes that would be imposed on amounts payable to an Affected Party that is not a United States person within the meaning of Code
Section 7701(a)(30) based upon the applicable withholding rate in effect at the time such Affected Person becomes a party to the Agreement (or designates a new lending office); and (e) any taxes imposed pursuant to or as a result of FATCA.

 “Extending Lenders” has the meaning specified in Section 2.08. 

“Face Amount” means in relation to any Commercial Paper (a) if issued on a discount basis, the face
amount stated therein and (b) if issued on an interest-bearing basis, the principal amount stated therein plus the amount of all interest accrued or to accrue thereon on or prior to its stated maturity date. 

“Facility Availability” means, on any Business Day, the excess of (a) the lesser of (i) the
Facility Limit on such date and (ii) the Borrowing Base on such date, over (b) the Outstanding Loan Amount on such date. 
 “Facility Documents” means collectively, this Agreement, the Purchase Agreement, the Custodial Agreement, the Performance Guaranty, the Demand Note, the Fee Letter, the Intercreditor
Agreements, each Control Agreement and all other agreements, documents and instruments delivered pursuant thereto or in connection therewith. 
 “Facility Limit” means at any time, the Aggregate Commitment, adjusted as necessary to give effect to the addition of any Lender Group that becomes party to this Agreement pursuant to a
Joinder Agreement under Section 10.04 hereof, any increase or reduction by the Borrower pursuant to Section 2.03 or any assignment pursuant to Section 10.03 hereof. 

“FAS 167 Rules” means the final rule, titled “Risk-Based Capital Guidelines; Capital Adequacy
Guidelines; Capital Maintenance: Regulatory Capital; Impact of Modifications to Generally Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs; and Other Related Issues”, adopted December 15, 2009, by the
Federal Accounting Standard Board. 
 “FATCA” means Sections 1471 through 1474 of the Code and
any applicable Treasury regulation promulgated thereunder or published administrative guidance implementing such Sections whether in existence on the date hereof or promulgated or published hereafter. 

“Federal Funds Rate” means, with respect to any Lender for any period, a fluctuating interest rate per
annum equal (for each day during such period) to the weighted average of the rates on 

  
 18 

 
overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the
immediately preceding Business Day) by the Federal Reserve Bank of New York; or if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the applicable Managing
Agent from three federal funds brokers of recognized standing selected by it. 
 “Fee Letter”
means the Fee Letter dated as of the Closing Date, by and between the Program Agent and the Borrower, as amended, restated, supplemented or otherwise modified from time to time. 

“Fees” means, collectively, all Liquidity Fees and Other Fees. 

“Final Collection Date” means the date on or following the Termination Date on which the Outstanding
Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full. 

“Financed Vehicle” means the new or used Motor Vehicle purchased by a Contract Debtor pursuant to a
Contract. 
 “Finance Charge Collections” means, for any Accounting Period, the aggregate
amount of Collections (other than Principal Collections) received during such Accounting Period, including, without limitation, (i) all amounts paid by or on behalf of Contract Debtors with respect to interest, finance charges and any other
amounts due under the Pledged Contracts (other than with respect to the unpaid principal balance thereof) and (ii) Net Liquidation Proceeds. 
 “Financing SPC” means any bankruptcy remote special purpose or limited purpose entity established or used initially by any DT Entity or any of its Subsidiaries for the purpose of engaging
in a securitization or warehousing of receivables or other financial assets. 
 “Foreclosure
Event” means the occurrence of any of the following events: 

(i)        at any time following the occurrence of an Event of
Termination, the percentage equivalent of a fraction, the numerator of which is the Outstanding Loan Amount at such time and the denominator of which is the aggregate Principal Balances of all Eligible Contracts at such time shall be greater than or
equal to the Advance Rate in effect on the Termination Date plus 5.00%; 

(ii)       the delivery of a Termination Notice to the Servicer as a
result of the occurrence of (A) a Servicer Default of the type described in any of clauses (a), (c) or (d) of the definition thereof or (B) a Servicer Default of the type described in clause (b) of the definition thereof if
such Servicer Default occurred as a result of the failure of the Servicer to perform or observe any material term, covenant or agreement set forth in any of Sections 5.04(a) through (h) or Sections 5.06(a) through (d) of this Agreement
(except that the materiality standard in this clause (ii) shall not apply to any term, covenant or agreement set forth in any of Sections 5.04(a) through (h) or Sections 5.06(a) through (d) of this Agreement that is qualified by a
materiality standard or by reference to the existence or absence of a Material Adverse Effect by its terms); 
 (iii)      a determination in good faith by the Program Agent that any DT Entity, the Borrower or Ernest C. Garcia II has engaged in fraud, malfeasance or intentional or
willful misconduct in connection with the transactions contemplated by the Facility Documents; 

  
 19 

 (iv)      any creditor of a DT
Entity that is party to an Intercreditor Agreement (other than a creditor in its capacity as a lender under the Inventory Facility) takes any action against its collateral; 

(v)        (a) the occurrence of an Event of Bankruptcy of the
type described in clause (i) of the definition thereof with respect to any DT Entity, the Borrower or Ernest C. Garcia II or (b) following the occurrence of an Event of Bankruptcy of the type described in clause (ii) of the definition
thereof with respect to any DT Entity, the Borrower or Ernest C. Garcia II, any Person shall challenge the sales, contributions or other transfers from the Originator to the Borrower or the security interests created under the Facility Documents, or
contest or support any other Person in contesting, in any proceeding (including any insolvency or liquidation proceedings), the absolute characterization of such conveyances on any basis or legal theory, including, without limitation, on the grounds
that such sales, contributions or transfers were disguised financings or fraudulent conveyances or otherwise, or assert that any DT Entity and the Borrower should be substantively consolidated; or 

(vi)      any Person party to an Intercreditor Agreement (other than the
Program Agent) shall breach any of its obligations thereunder. 
 “GAAP” means generally
accepted accounting principles as in effect in the United States of America from time to time, consistently applied. 
 “Governmental Authority” means any nation or government, any state or other political subdivision thereof, any entity exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to government and any court or arbitrator having jurisdiction over the Borrower, any of its Subsidiaries or any of its properties. 

“Governmental Rule” means any law, rule, regulation, ordinance, order, code interpretation, treaty,
judgment, decree, directive, guidelines, policy or similar form of decision of any Governmental Authority. 

“Guarantee” means, as to any Person, any obligation of such person directly or indirectly guaranteeing
any Indebtedness of any other Person in any manner providing for the payment of any Indebtedness of any other Person or otherwise protecting the holder of such Indebtedness against loss (whether by virtue of partnership arrangements, by agreement to
keep well, to purchase assets, goods, securities or services, or take or pay or otherwise). The amount of any Guarantee of a Person shall be deemed to be an amount equal to the stated or determinable about of the primary obligation in respect of
which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith. The terms “Guarantee” and “Guaranteed” used as verbs
shall have correlative meanings. 
 “Hedge Provider” means an Eligible Hedge Counterparty that
has entered into one or more Interest Rate Hedge Agreements with the Borrower. 
 “Hedge
Receipts” means all amounts payable to the Borrower under an Interest Rate Hedge Agreement. 

“Incipient Event of Termination” means any event which, with the giving of notice or lapse of time or
both, would constitute an Event of Termination. 

  
 20 

 “Incipient Servicer Default” means any event which, with
the giving of notice or lapse of time or both, would constitute a Servicer Default. 

“Indebtedness” means, for any Person: (a) obligations created, issued or incurred by such Person
for borrowed money (whether by loan, the issuance and sale of debt securities or the sale of Property to another Person subject to an understanding or agreement, contingent or otherwise, to repurchase such Property from such Person);
(b) obligations of such Person to pay the deferred purchase or acquisition price of Property or services, other than trade accounts payable (other than for borrowed money) arising, and accrued expenses incurred, in the ordinary course of
business so long as such trade accounts payable are payable within 90 days of the date the respective goods are delivered or the respective services are rendered; (c) Indebtedness of others secured by a Lien on the Property of such Person,
whether or not the respective Indebtedness so secured has been assumed by such Person; (d) accrued obligations of such Person in respect of letters of credit or similar instruments issued or accepted by banks and other financial institutions
for account of such Person; (e) Capital Lease Obligations of such Person; (f) obligations of such Person under repurchase agreements or like arrangements; (g) Indebtedness of others Guaranteed by such Person; and (h) any other
obligation of such Person evidenced by a note, bond, debenture or similar instrument that would be classified as indebtedness on a balance sheet prepared in accordance with GAAP. 

“Indemnified Amount” has the meaning set forth in Section 8.01. 

“Indemnified Party” has the meaning set forth in Section 8.01. 

“Indemnified Taxes” means any and all Taxes other than Excluded Taxes. 

“Indenture” means that certain Indenture, dated as of June 4, 2010 among DTAG and DTAC, as issuers,
the “Guarantors” party thereto and Wells Fargo Bank, National Association, as trustee and collateral agent, as amended, restated, supplemented or otherwise modified from time to time. 

“Independent Director” means, with respect to a subject Person, a natural person who (a) for the
five-year period prior to his or her appointment as Independent Director has not been, and during the continuation of his or her service as Independent Director is not: (i) a direct, indirect or beneficial stockholder, employee, director,
member, manager, partner, officer, affiliate or associate of any Originator, the Borrower, the Servicer or any of their respective Affiliates (other than his or her service as an Independent Director of such subject Person); (ii) a customer or
supplier of any Originator, the Borrower, the Servicer or any of their respective Affiliates (other than his or her service as an Independent Director of such subject Person); or (iii) any member of the immediate family of a person described in
(i) or (ii), (b) has prior experience as an independent director for a corporation or limited liability company whose charter documents required the unanimous consent of all independent directors thereof before such corporation or limited
liability company could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state law relating to bankruptcy and (c) has at least three years of
employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities.

 “Initial Borrowing” means the first Borrowing made pursuant to this Agreement. 

“Insurance Proceeds” means with respect to each Contract, proceeds of the Optional Contract Debtor
Insurance. 

  
 21 

 “Intangible Assets” means the amount (to the extent
reflected in determining consolidated stockholders’ equity) of (i) all investments in Subsidiaries of DTAC other than consolidated Subsidiaries and (ii) all goodwill, patents, trademarks, service marks, trade names, copyrights,
organization or developmental expenses and other intangible items. 
 “Intercreditor Agreement”
means each of (i) that certain Intercreditor Agreement, dated as of October 28, 2011, by and among DTAG, DTCS, DTOC, DTAC, the Borrower, the Program Agent and Wells Fargo Bank, N.A., as agent under the Inventory Facility, as amended,
restated, supplemented or otherwise modified from time to time, and (ii) provisions substantially in the form of Exhibit O hereto, and “Intercreditor Agreements” means the foregoing collectively. 

“Interest” means, for any Loan and any Interest Period, the sum for each day during such Interest Period
of the following: 
 IR x PA/CB 
 where: 
  

					
	 IR
	  	 =
	  	 the Interest Rate for such Loan for such day.

			
	 PA
	  	 =
	  	 the Principal Amount of such Loan on such day.

			
	 CB
	  	 =
	  	 (i) in the case of a Loan, the Interest Rate for which is based on the Base Rate, 365 and (ii) in the case of any other Loan, 360.

 “Interest Expense” means, for the DT Entities On A Consolidated Basis
for any period, total interest expense (including that portion attributable to Capitalized Leases in accordance with GAAP and capitalized interest) of the DT Entities On A Consolidated Basis with respect to all outstanding Indebtedness of the DT
Entities On A Consolidated Basis, including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under interest rate agreements, but excluding, however, the
amortization of deferred financing fees. 
 “Interest Period” means, for any Settlement Date,
the period from and including the Settlement Date preceding such Settlement Date to, but excluding, such Settlement Date (or in the case of the initial Interest Period, the period from and including the Closing Date to, but excluding, the Settlement
Date in August 2009). 
 “Interest Rate” means, with respect to any Loan on any day (i) to
the extent such Loan is funded or maintained on such day by a Conduit Lender through the issuance of Commercial Paper, the CP Rate and (ii) otherwise, the Alternative Rate; provided, that for both clause (i) and (ii), that at
all times following the occurrence and during the continuation of an Event of Termination (other than an Event of Termination that arises solely as a result of the failure of the Borrower to repay all Borrower Obligations in full on the Commitment
Termination Date), the Interest Rate for each Loan on each day shall be an interest rate per annum equal to the Adjusted LIBO Rate in effect from time to time plus 8.00%. 

“Interest Rate Hedge Agreement” any interest rate swap agreement, interest rate cap, collar or other
arrangement between the Borrower and a Hedge Provider, consisting of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto in substantially such
form as the Program Agent shall have approved, each “Confirmation” thereunder confirming the terms of each transaction thereunder and any credit support annex and schedule thereto. 

  
 22 

 “Inventory Facility” means the Fourth Amended and Restated
Loan and Security Agreement, dated as of October 28, 2011, by and among DTAG, DTSFC, DTCS, DTOC, Wells Fargo Bank, N.A., Santander Consumer USA, Inc. and Manheim Automotive Financial Services, Inc. and the other Persons from time to time party
thereto as “Lenders” and Wells Fargo Bank, N.A., as agent for the “Lenders” thereunder, as further amended, restated, supplemented or otherwise modified from time to time. 

“IRS” means the Internal Revenue Service of the United States of America. 

“Joinder Agreement” means a joinder agreement substantially in the form set forth as Exhibit I hereto
pursuant to which a new Lender Group becomes party to this Agreement. 
 “Law” means any law
(including common law), constitution, statute, treaty, regulation, rule, ordinance, order, injunction, writ, decree or award of any Governmental Authority. 
 “Lender” means any Conduit Lender or Committed Lender, as applicable, and “Lenders” means, collectively, the Conduit Lenders and the Committed Lenders. 

“Lender Group” means any Managing Agent and its related Conduit Lenders, if any, and Committed Lenders.

 “Lender Group Limit” means, for any Lender Group, the amount set forth on Schedule I (or in
the Joinder Agreement pursuant to which such Lender Group became party hereto) subject to assignment pursuant to Section 10.03, as such amount may be reduced in accordance with Section 2.03(a) or increased in accordance with
Section 2.03(b) or for a Non-Extending Lender Group, the Lender Group Limit shall be reduced to zero on the Commitment Termination Date of such Lender Group. 

“Lender Group Percentage” means, for any Lender Group, the percentage equivalent of a fraction
(expressed out to five decimal places), the numerator of which is the aggregate Commitments of all Committed Lenders in such Lender Group and the denominator of which is the Aggregate Commitment. 

“Lender Representatives” has the meaning specified in Section 10.12(b). 

“Level One Trigger Event” means, as of any date of determination, the occurrence of any of the
following: 
 (a)        the Rolling Average Delinquency
Ratio (Pledged Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; 

 

					
	 	 	        
Accounting Period        	 	   Rolling Average Delinquency Ratio  

    (Pledged Contracts)  

		 	January	 	13.05%
		 	February	 	11.84%
		 	March	 	9.95%
		 	April	 	8.50%
		 	May	 	8.71%
		 	June	 	9.64%
		 	July	 	10.79%
		 	August	 	11.74%
		 	September	 	12.43%
		 	October	 	12.65%
		 	November	 	12.70%
		 	December	 	13.00%

  
 23 

 (b)        the
Rolling Average Delinquency Ratio (Managed Portfolio Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; or 

 

					
	 	 	        Accounting
Period        	  	  Rolling 
Average Delinquency Ratio  
    (Managed Portfolio Contracts)  
		 	January	  	13.05%
		 	February	  	11.84%
		 	March	  	9.95%
		 	April	  	8.50%
		 	May	  	8.71%
		 	June	  	9.64%
		 	July	  	10.79%
		 	August	  	11.74%
		 	September	  	12.43%
		 	October	  	12.65%
		 	November	  	12.70%
		 	December	  	13.00%

 (c)        the Rolling Average
Charged-Off Losses Ratio (Managed Portfolio Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; or 

 

					
	 	 	        Accounting
Period        	  	  Rolling 
Average Charged-Off Losses  
  Ratio (Managed Portfolio Contracts)  
		 	January	  	3.16%
		 	February	  	3.09%
		 	March	  	2.88%
		 	April	  	2.47%
		 	May	  	2.22%
		 	June	  	2.13%
		 	July	  	2.35%
		 	August	  	2.62%
		 	September	  	2.89%
		 	October	  	3.07%
		 	November	  	3.12%
		 	December	  	3.15%

 (d)        the Rolling Average
Charged-Off Losses Ratio (Pledged Contracts) for the Account Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; or 

 

					
	 	 	        Accounting
Period        	  	  Rolling 
Average Charged-Off Losses  
  Ratio (Pledged Contracts)  
		 	January	  	3.16%
		 	February	  	3.09%
		 	March	  	2.88%
		 	April	  	2.47%
		 	May	  	2.22%
		 	June	  	2.13%
		 	July	  	2.35%
		 	August	  	2.62%
		 	September	  	2.89%
		 	October	  	3.07%
		 	November	  	3.12%
		 	December	  	3.15%

  
 24 

 (e)        the
average of the Excess Spread Ratios for the three Accounting Periods immediately preceding such date shall be less than 6.00%. 
 “Level Two Trigger Event” means, as of any date of determination, the occurrence of any of the following: 

(a)        the Rolling Average Delinquency Ratio (Pledged
Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; 
  

					
	 	 	    Accounting
Period    	  	  Rolling 
Average Delinquency Ratio  
  (Pledged Contracts)  
		 	January	  	14.30%
		 	February	  	13.09%
		 	March	  	11.19%
		 	April	  	9.75%
		 	May	  	9.96%
		 	June	  	10.89%
		 	July	  	12.04%
		 	August	  	12.99%
		 	September	  	13.68%
		 	October	  	13.90%
		 	November	  	13.95%
		 	December	  	14.25%

 (b)        the Rolling Average
Delinquency Ratio (Managed Portfolio Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; or 

 

					
	 	 	    Accounting
Period    	  	  Rolling 
Average Delinquency Ratio  
  (Managed Portfolio Contracts)  
		 	January	  	14.30%
		 	February	  	13.09%
		 	March	  	11.19%
		 	April	  	9.75%
		 	May	  	9.96%
		 	June	  	10.89%
		 	July	  	12.04%
		 	August	  	12.99%
		 	September	  	13.68%
		 	October	  	13.90%
		 	November	  	13.95%
		 	December	  	14.25%

 (c)        the Rolling Average
Charged-Off Losses Ratio (Managed Portfolio Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; or 

 

					
	 	 	        Accounting
Period        	  	  Rolling Average 
Charged-Off Losses  
  Ratio (Managed Portfolio Contracts)  
		 	January	  	3.57%
		 	February	  	3.50%
		 	March	  	3.28%
		 	April	  	2.88%
		 	May	  	2.62%
		 	June	  	2.53%
		 	July	  	2.75%

  
 25 

					
	 	 	August	  	3.02%
		 	September	  	3.29%
		 	October	  	3.47%
		 	November	  	3.52%
		 	December	  	3.55%

 (d)        the Rolling Average
Charged-Off Losses Ratio (Pledged Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below. 

 

					
	 	 	        Accounting
Period        	  	  Rolling 
Average Charged-Off Losses  
  Ratio (Pledged Contracts)  
		 	January	  	3.57%
		 	February	  	3.50%
		 	March	  	3.28%
		 	April	  	2.88%
		 	May	  	2.62%
		 	June	  	2.53%
		 	July	  	2.75%
		 	August	  	3.02%
		 	September	  	3.29%
		 	October	  	3.47%
		 	November	  	3.52%
		 	December	  	3.55%

 “Level Three Trigger Event” means, as of any date of determination, the
occurrence of any of the following: 
 (a)        the
Rolling Average Delinquency Ratio (Managed Portfolio Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; or 

 

					
	 	 	        Accounting
Period        	  	  Rolling Average 
Delinquency Ratio  
  (Managed Portfolio Contracts)  
		 	January	  	11.75%
		 	February	  	10.66%
		 	March	  	8.96%
		 	April	  	7.65%
		 	May	  	7.84%
		 	June	  	8.68%
		 	July	  	9.71%
		 	August	  	10.57%
		 	September	  	11.19%
		 	October	  	11.39%
		 	November	  	11.43%
		 	December	  	11.70%

 (b)        the Rolling Average
Charged-Off Losses Ratio (Managed Portfolio Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below; or 

 

					
	 	 	        Accounting
Period        	  	    
Rolling Average Charged-Off Losses    
  Ratio (Managed Portfolio Contracts)    
		 	January	  	2.84%

  
 26 

					
		 	February	  	2.78%
		 	March	  	2.59%
		 	April	  	2.22%
		 	May	  	2.00%
		 	June	  	1.92%
		 	July	  	2.12%
		 	August	  	2.36%
		 	September	  	2.60%
		 	October	  	2.76%
		 	November	  	2.81%
		 	December	  	2.84%

 (c)        the Rolling Average
Charged-Off Losses Ratio (Pledged Contracts) for the Accounting Period immediately preceding such date shall exceed the percentage set forth for such Accounting Period in the table below. 

 

					
	 	 	        Accounting
Period        	  	  Rolling 
Average Charged-Off Losses  
  Ratio (Pledged Contracts)  
		 	January	  	2.84%
		 	February	  	2.78%
		 	March	  	2.59%
		 	April	  	2.22%
		 	May	  	2.00%
		 	June	  	1.92%
		 	July	  	2.12%
		 	August	  	2.36%
		 	September	  	2.60%
		 	October	  	2.76%
		 	November	  	2.81%
		 	December	  	2.84%

 “Leverage Ratio” means, on any Quarterly Measurement Date, the ratio
computed by dividing (a) the total assets of the DT Entities On A Consolidated Basis as of such date, determined in accordance with GAAP by (b) Net Worth on such date. 

“LIBO Rate” means, for any Loan (or portion thereof) for any Interest Period, the rate determined by the
related Managing Agent by reference to page “US0001M <INDEX>“ in the Bloomberg Financial Markets system as the composite offered rate for London interbank deposits for a one-month period, or if that rate does not appear on that
display page, the rate per annum shown on Reuters Screen LIBOR01 (or any successor page as the composite offered rate for London interbank deposits for a one-month period), as shown under the heading “USD” at approximately 11:00 a.m.,
London time, on the second Business Day before the first day of such Interest Period. In the event that such rate is not available at such time for any reason, then the “LIBO Rate” shall be the rate at which deposits in Dollars in a
principal amount of not less than $1,000,000 and for a maturity comparable to such Interest Period are offered by the related Reference Bank in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, on
the second Business Day before (and for value on) the first day of such Interest Period. 
 “LIBO Rate
Margin” means (i) prior to the Termination Date, a per annum rate equal to 2.25% or (ii) at all other times, a per annum rate equal to 6.50%. 

“LIBO Rate Reserve Percentage” means, for any Interest Period in respect of which Interest is computed
by reference to the LIBO Rate, the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of 

  
 27 

 
Governors of the Federal Reserve System (or any successor) (or if more than one such percentage shall be applicable, the daily average of such percentages for those days in such Interest Period
during which any such percentage shall be so applicable) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) with respect to liabilities or assets
consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Liabilities is determined) having a term equal to such Interest
Period. 
 “LIBOR Disruption Event” means, with respect to any Interest Period, any of the
following: (a) a determination by any Lender or any Liquidity Provider that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain dollars in the
London interbank market to make, fund or maintain Loans during such Interest Period, (b) the failure of the source listed in the definition of “LIBO Rate” to publish a London interbank offered rate as of 11:00 a.m. on the second
Business Day prior to the first day of such Interest Period, (c) a determination by any Lender or Liquidity Provider that the rate at which deposits of United States dollars are being offered in the London interbank market does not accurately
reflect the cost to such Person of making, funding or maintaining its Loans for such Interest Period or (d) the inability of such Lender or Liquidity Provider, because of market events not under the control of such Person, to obtain United
States dollars in the London interbank market to make, fund or maintain its Loans for such Interest Period. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or otherwise), or preference, priority, charge or other security agreement or preferential arrangement of any kind or nature whatsoever that is intended as security. 

“Liquidation Fee” means for any Interest Period of any Loan held by a Lender (i) the amount, if
any, by which the additional Interest which would have accrued during such Interest Period on the reductions of the Principal Amount of such Loan relating to such Interest Period had a reduction of the Principal Amount not occurred, exceeds
(ii) the income, if any, received by the Lender which holds such Loan from the investment of the proceeds of such reductions of Principal Amount. A certificate as to the amount of any Liquidation Fee (including the computation of such amount)
shall be submitted by the affected Lender to the Borrower and shall be conclusive and binding for all purposes, absent manifest error. 
 “Liquidity Agreement” means a liquidity loan agreement, asset purchase agreement or similar agreement entered into by a Conduit Lender with a group of financial institutions in connection
with this Agreement. 
 “Liquidity Fee” means a fee payable by the Borrower to each Managing
Agent for the account of the Lenders in its related Lender Group on each Liquidity Fee Payment Date during the period commencing on the date hereof until (and including) the Final Collection Date an amount equal to the product of (a) the daily
average excess, if any, of (i) the sum of the Commitments of the Committed Lenders in its related Lender Group during the immediately preceding Interest Period over (ii) the Principal Amount of the Loans funded by the Lenders in the
related Lender Group during the immediately preceding Interest Period, and (b) a per annum rate equal to (i) on each day during the 120-day period immediately following the consummation of any Securitization Transaction pursuant to which
asset-backed securities secured by Contracts with an aggregate principal balance of $200,000,000 or more are issued, 0.25% or (ii) on each day during any other period, 0.50%. 

“Liquidity Fee Payment Date” means each Settlement Date. 

  
 28 

 “Liquidity Provider” means any of the financial
institutions from time to time party to any Liquidity Agreement with a Conduit Lender. 

“Loan” means a loan made to the Borrower pursuant to Article II. 

“Lock-Box” means any post office box maintained by the Originator, the Servicer or a Lockbox Bank, in
each case, for the purpose of receiving payments on Pledged Contracts or other Collections. 
 “Lock-Box
Processor” means any of the Persons identified as a Lock-Box Processor on Exhibit F and any other Person that may from time to time perform lock-box services with respect to one or more Lock-Boxes. 

“LTV Adjusted Advance Rate” means, as of any Quarterly Measurement Date, the lesser of (a) 58.00%
and (b) the product of (i) 0.96 and (ii) the sum of the percentages calculated in accordance with the formula set forth below for each Financed Vehicle included in the Managed Portfolio as of such date, divided by the total number of
Financed Vehicles included in the Managed Portfolio as of such date. 
  

	
	      BC + R + W&R + F + TC + SC + SM      
	                              
    AF

 where: 

 

					
	 BC
	  	 =
	  	 the purchase price for the acquisition of the related Financed Vehicle,

			
	 R
	  	 =
	  	 the reconditioning costs with respect to the related Financed Vehicle, which shall include parts, labor and allocation of overhead with respect to the related
Financed Vehicle,

			
	 W&R
	  	 =
	  	 the post-sale costs with respect to warranty claims and customarily provided repairs with respect to the related Financed Vehicle to the extent not reimbursed by
the owner of such Financed Vehicle, insurance or otherwise,

			
	 F
	  	 =
	  	 the reasonable allocation of the costs with respect to the acquisition of the related Financed Vehicle other than payment of the purchase price for such Financed
Vehicle, including compensation of vehicle buyers, together with travel and other expenses of vehicle buyers, auction fees or costs and fees or costs of non-purchased vehicles,

			
	 TC
	  	 =
	  	 the costs of transportation of the related Financed Vehicle from the point of acquisition to the lot from which it is sold, including interim transportation to
the reconditioning center and alternate lots,

			
	 SC
	  	 =
	  	 the sales commission paid with respect to the related Financed Vehicle,

			
	 SM
	  	 =
	  	 the reasonable allocation of all selling and marketing expenses with respect to the related Financed Vehicle, including, without limitation, advertising,
marketing and promotion costs, and

			
	 AF
	  	 =
	  	 the Amount Financed of the related Financed Vehicle.

  
 29 

 “LTV Adjusted Advance Rate Reporting Date” means the
fifteenth (15) day following each Quarterly Measurement Date or, if such day is not a Business Day, the next succeeding Business Day. 
 “Majority Committed Lenders” means, at any time, Committed Lenders whose Commitments together exceed fifty percent (50%) of the Aggregate Commitment at such time. 

“Majority Managing Agents” means, at any time, Managing Agents whose Lender Group Limits together exceed
fifty percent (50%) of the Facility Limit at such time. 
 “Managed Portfolio Contracts”
means Contracts, serviced by Servicer, which were originated or purchased by any of the DT Entities, including but not limited to the Pledged Contracts and those contracts which have been subsequently sold to a third party, with the servicing
retained by Servicer and with a residual interest in the installment contracts held by any of the DT Entities. 

“Managing Agent” means, as to any Conduit Lender or Committed Lender, the Person listed on Schedule I as
the “Managing Agent” for such Lenders, together with its respective successors and permitted assigns. 

“Master Agency Agreement” means that certain Amended and Restated Master Depository Accounts and Post
Office Boxes and Agency Agreement, dated as of December 16, 2005 among DTCC, DTCS, Royal Bank of Scotland (successor-in-interest to Greenwich Capital Financial Products, Inc.), Wells Fargo Bank, National Association and Wilmington Trust
Company, in its capacity as owner trustee of certain “Current Trusts” identified therein, as amended, modified or supplemented from time to time, together with any acknowledgement and agreement. 

“Master Custodial Report” has the meaning set forth in the Custodial Agreement. 

“Material Adverse Effect” means a material adverse effect on (a) the property, business,
operations, financial condition or prospects of any Transaction Party or any Affiliate thereof, (b) the ability of any Transaction Party to perform in all material respects its obligations under any of the Facility Documents to which it is a
party, (c) the legality, validity or enforceability in all material respects of any of the Facility Documents, (d) the rights and remedies of the Lenders under any of the Facility Documents, (e) the timely payment of the principal of
or interest on the Loans or other amounts payable in connection therewith, (f) any Secured Party’s interest in the Collateral generally or in any material portion of the Collateral or (g) the collectibility of the Pledged Contracts
generally or of any material portion of the Pledged Contracts. 
 “Material Indenture
Provision” means each of the following provisions of the Indenture: the definitions of “Permitted Warehouse Facility” and “Permitted Warehouse Transfer” thereunder and Sections 4.04, 4.05, 4.06, 4.12, 4.14 or 10.04
thereof. 
 “Maturity Date” means the third anniversary of the Termination Date. 

“Measurement Date” means, with respect to any Accounting Period, the nearest Sunday to the last day of
such Accounting Period. 
 “Modification” shall mean, with respect to a Contract, any amendment
or agreement modifying such Contract made in accordance with Accepted Servicing Practices. 

  
 30 

 “Monthly Loan Tape” means a data tape, which shall include
with respect to each Pledged Contract (i) the related Contract identification number, (ii) the Originator and origination channel, (iii) the current Principal Balance, (iv) the current number of days such Pledged Contract is
delinquent, (v) whether or not the related Contract Debtor is a debtor in bankruptcy, (vi) the next payment date, (vii) the remaining term to maturity, (viii) the current maturity date, (ix) the original maturity date,
(x) the number of times extended, (xi) the number of payments that have been made, (xii) the date of such Pledged Contract (origination date), (xiii) the funding date, (xiv) the original interest rate, (xv) the current
interest rate, (xvi) the original monthly payment amount, (xvii) the current monthly payment amount, (xviii) the original loan-to-value ratio, (xix) the original debt-to-income ratio, (xx) the amount of the down payment,
(xxi) the make/model/year of the related Financed Vehicle, (xxii) the vehicle identification number of the related Financed Vehicle, (xxiii) the book value of the related Finance Vehicle, (xxiv) the original Principal Balance
(amount financed), (xxv) the original term to maturity, (xxvi) new/used Financed Vehicle status, (xxvii) mileage of the related Financed Vehicle at origination, (xxviii) the State in which the related Contract Debtor has a
mailing address, (xxix) the FICO® score at origination, (xxx) history of payments delinquent (number of times delinquent) 1-30 days, 31-60 days, 61-90, 91-120 days and 121 or more days, (xxxi) history/duration of total extensions,
(xxxii) credit tier, (xxxiii) title status and (xxxiv) such other information as may be reasonably requested by the Program Agent without unreasonable expense or effort by the Servicer. 

“Monthly Report” means a report, in substantially the form of Exhibit C-1, furnished by the Servicer to
the Managing Agents for the Lenders pursuant to Section 5.05(g). 
 “Monthly Reporting
Date” means the second Business Day prior to each Settlement Date. 
 “Monthly Serviced
Portfolio Report” means a report, in substantially the form of Exhibit C-2, furnished by the Servicer to the Managing Agents for the Lenders pursuant to Section 5.05(g). 

“Moody’s” means Moody’s Investors Service, Inc., and its successors. 

“Motor Vehicle” means a passenger motor vehicle, van, or light duty truck which is not manufactured for
a particular commercial purpose and which can be registered for use on public highways, and is not a vehicle that is titled outside the United States or has been previously titled outside the United States. 

“Multiemployer Plan” means a multiemployer plan defined as such in Section 3(37) of ERISA to which
contributions have been or are required to be made by Borrower or any ERISA Affiliate and that is covered by Title IV of ERISA. 
 “Net Equity” means the excess of the book value of the assets of the DT Entities On A Consolidated Basis over the book value of the liabilities of the DT Entities On A Consolidated Basis,
in each case determined in accordance with GAAP. 
 “Net Income” means, for any period for the
DT Entities On A Consolidated Basis, the net income (or loss) of the DT Entities On A Consolidated Basis for such period taken as a single accounting period determined in conformity with GAAP; provided that there shall be excluded (i) the
income (or loss) of any Person (other than the DT Entities On A Consolidated Basis) in which any other Person (other than the DT Entities On A Consolidated Basis) has a joint interest, except to the extent of the amount of dividends or other
distributions actually paid to the DT Entities On A Consolidated Basis by such Person during such period, (ii) the income (or loss) of any Person accrued prior to the date it becomes a consolidated Subsidiary or is merged into or consolidated
with any DT Entity or that Person’s assets are acquired by any DT Entity or a consolidated Subsidiary, (iii) the income of any Subsidiary to 

  
 31 

 
the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of their charter or any
agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Subsidiary, (iv) any after-tax gains or losses attributable to asset sales or returned surplus assets of any pension plan, and
(v) (to the extent not included in clauses (i) through (iv) above) any net extraordinary gains or net non-cash extraordinary losses. 
 “Net Liquidation Proceeds” means, with respect to a Charged-Off Contract, (i) proceeds from the disposition of the Financed Vehicle relating to such Charged-Off Contract, less
reasonable Servicer out-of-pocket costs, including, repossession and resale expenses not already deducted from such proceeds, and any amounts required by law to be remitted to the related Contract Debtor, (ii) any Insurance Proceeds relating to
such Charged-Off Contract or (iii) other monies received from the related Contract Debtor or otherwise. 

“Net Worth” means, at any time with respect to the DT Entities On A Consolidated Basis, (i) Net
Equity at such time, plus (ii) the lesser of (x) the aggregate amount of Approved Indebtedness at such time and (y) $100,000,000, plus (iii) without duplication, the preference value of preferred shares of the DT Entities On A
Consolidated Basis minus (iv) the sum of (x) the aggregate value of all Intangible Assets of the DT Entities On A Consolidated Basis at such time determined in accordance with GAAP and (y) the aggregate amount of all advances to
employees of the DT Entities at such time. 
 “Net Worth (Adjusted)” means, at any time with
respect to the DT Entities On A Consolidated Basis, (i) Net Equity at such time, plus (ii) the aggregate amount of Approved Indebtedness at such time, plus (iii) without duplication, the preference value of preferred shares of the DT
Entities On A Consolidated Basis minus (iv) the sum of (x) the aggregate value of all Intangible Assets of the DT Entities On A Consolidated Basis at such time determined in accordance with GAAP and (y) the aggregate amount of all
advances to employees of the DT Entities at such time. 
 “Non-Contract Collateral” has the
meaning assigned thereto in Section 2.15(a)(ii)(J) hereof. 
 “Non-Extending Lender” has
the meaning specified in Section 2.06(c)(ii). 
 “Notice of Exclusive Control” has the
meaning specified in Section 2.20(h). 
 “Official Body” means any Governmental Authority
or any accounting board or authority (whether or not part of a government) which is responsible for the establishment or interpretation of national or international accounting principles, in each case whether foreign or domestic. 

“Optional Contract Debtor Insurance” means any insurance which insures a Financed Vehicle or a Contract
Debtor’s obligations under a Contract, including but not limited to credit life, credit health, credit disability, unemployment insurance, and any service contract, mechanical breakdown coverage, warranty, or extended warranty for a Financed
Vehicle. 
 “Origination Agreement” mean that certain Origination Agreement, dated as of
March 19, 2003, between DTCS and DTAC, as amended, restated, supplemented or otherwise modified. 

“Originator” means DTAC. 

  
 32 

 “Other Fees” means amounts owed by the Borrower hereunder
pursuant to Sections 2.11, 2.12, 2.13, 2.14, 8.01 and 10.10. 
 “Outstanding Loan Amount”
means, at any time, the aggregate outstanding principal amount of all Loans hereunder. 
 “Parent
Company” means each of DTAG and DTAC. 
 “Participant” has the meaning specified in
Section 10.03(f). 
 “Paying Agent” means Wells Fargo Bank, National Association or any
other Person acceptable to the Majority Managing Agents. 
 “Paying Agent Fee” means, for any
Accounting Period, $1,000. 
 “PBGC” means the Pension Benefit Guaranty Corporation or any
entity succeeding to any or all of its functions under ERISA. 
 “Performance Guaranty” means
that certain Amended and Restated Performance Guaranty dated as of the Closing Date, by the Performance Guarantors in favor of the Program Agent, as amended, restated, supplemented or otherwise modified from time to time. 

“Performance Guarantor” means each of DTAG and DTAC, and “Performance Guarantors” means
both of the foregoing collectively. 
 “Permitted Distribution” means (i) if DTAC or DTAG
(each a “Parent Company”) is a validly electing S corporation under §§1361 and 1362 of the Code, a disregarded entity for federal income Tax purposes, or a limited liability company electing not to be Taxed as a
corporation, a quarterly dividend paid by a Parent Company to its shareholders or members in an amount not greater than the percentage of its Net Income (not including any Net Income that is a loss) (“S-Corp Net Income”) for such
quarter equal to the highest combined federal, state and/or local Tax rate (taking into account the deductibility of state and local Taxes) applicable to any ultimate Tax-paying direct or indirect shareholder or member of such Parent Company
(provided, however, that the payment by a Parent Company of a quarterly dividend that exceeds such percentage of its S-Corp Net Income for such quarter will not constitute a breach of this clause (i) if the aggregate amount of all Restricted
Payments paid by such Parent Company during such calendar year as of the date of such dividend does not exceed such percentage of its S-Corp Net Income for such quarter and all previous quarters during such calendar year (the “S-Corp
Permissible Dividend Amount”); (ii) any S-Corp Permissible Dividend Amount to the extent unpaid but declared within 135 days after the end of such quarter) or (iii) any Restricted Payment by DTAC or DTAG to its shareholders or
members (other than as permitted under clauses (i) or (ii) hereof) in an aggregate amount not in excess of fifty percent (50.0%) of the Net Income of the DT Entities On A Consolidated Basis during any fiscal quarter. 

“Permitted Investments” shall mean: 

(a)        direct obligations of, or guaranteed as to the full
and timely payment of principal and interest by, the United States or obligations of any agency or instrumentality thereof, if such obligations are backed by the full faith and credit of the United States; 

(b)        federal funds, certificates of deposit, time deposits,
bankers’ acceptances (which shall each have an original maturity of not more than ninety (90) days and, in the case of bankers’ 

  
 33 

 
acceptances, shall in no event have an original maturity of more than 365 days) or demand deposits of any United States depository institution or trust company organized under the laws of the
United States or any state and subject to supervision and examination by federal and or state banking authorities; provided, that the short-term obligations of such depository institution or trust company are rated in one of the two highest
available rating categories by the Rating Agencies on the date of acquisition thereof; 

(c)        commercial paper (having original maturities of not
more than thirty (30) days) of any corporation incorporated under the laws of the United States or any state thereof which is rated A-1 or better by S&P and P-1 by Moody’s on the date of acquisition thereof; 

(d)        securities of money market funds rated AA or better by
S&P and Aa or better by Moody’s on the date of acquisition thereof; or 

(e)        repurchase obligations secured by an investment
described in clause (a) above with a market value greater than the repurchase obligation, provided that such security is held by a third party custodian which has a rating for its short-term, unsecured debt or commercial paper (other than such
obligations the rating of which is based on the credit of a Person other than such custodian) of P-1 by Moody’s and at least A-1 by S&P on the date of acquisition thereof. 

Each of the Permitted Investments may be purchased by the Paying Agent or through an Affiliate of the Paying Agent.

 “Permitted Liens” means any of the following: (a) Liens for taxes and assessments
(i) which are not yet due and payable or (ii) the validity of which are being contested in good faith by appropriate proceedings and with respect to which the Borrower is maintaining adequate reserves in accordance with GAAP;
(b) Liens in favor of the Program Agent or any Secured Party, including any Liquidity Providers (but only in connection with this Agreement); and (c) Liens in favor of the Borrower arising pursuant to the Purchase Agreement. 

“Permitted State” means each of Arizona, Nevada, California, New Mexico, Texas, Florida, Georgia,
Virginia, North Carolina, Colorado, Oklahoma, South Carolina, Tennessee, Alabama, Mississippi, Ohio, Kentucky, Arkansas, Missouri and Indiana and such other states as may be approved by the Program Agent in writing from time to time (such approval
not to be unreasonably withheld). 
 “Person” means an individual, partnership, corporation
(including a business trust), joint stock company, limited liability company, trust, unincorporated association, joint venture, Governmental Authority or other entity. 

“Plan” means an employee benefit or other plan established or maintained by the Borrower or any ERISA
Affiliate and that is covered by Title IV of ERISA, other than a Multiemployer Plan. 
 “Pledged
Contract” means, at any date, each Contract owned by the Borrower on such date, whether or not such Contract is an Eligible Contract, excluding any Contract released from the Lien of this Agreement pursuant hereto, and any Terminated
Contracts. 
 “Pre-Tax Net Income” means, for any period for the DT Entities On A Consolidated
Basis, Net Income (not including any Net Income that is a loss) plus the amount of any income Taxes paid or currently payable by the DT Entities On A Consolidated Basis during such period. 

  
 34 

 “Predecessor Servicer Work Product” has the meaning
specified in Section 6.14. 
 “Prime Rate” means, with respect to any Lender Group, the
rate of interest announced publicly by the related Reference Bank from time to time as its prime or base rate (such rate not necessarily being the lowest or best rate charged by such Reference Bank). 

“Principal Amount” means with respect to any Loan, the original principal amount of such Loan, as such
principal amount may be reduced from time to time by (i) payments made in accordance with Section 2.05 and (ii) Collections received by the applicable Lender holding such Loan from distributions made pursuant to Section 2.06 or
Section 2.07, as applicable, that have been applied to reduce the Principal Amount of such Loan; provided, that if such Principal Amount shall have been reduced by any distribution and thereafter all or a portion of such distribution is
rescinded or must otherwise be returned for any reason, such Principal Amount shall be increased by the amount of such rescinded or returned distribution, as though it had not been received by such Lender. 

“Principal Balance” means, with respect to any Contract as of any date, the Amount Financed minus the
sum of the following amounts without duplication: (i) that portion of all Scheduled Payments actually received on or prior to such day allocable to principal using the Simple Interest Method; (ii) any payment of the Amount Financed with
respect to the Contract allocable to principal; (iii) any Cram Down Loss in respect of such Contract; and (iv) any prepayment in full or any partial prepayments applied to reduce the Amount Financed. 

“Principal Collections” means, for any Accounting Period, the aggregate amount of Collections (other
than Net Liquidation Proceeds) with respect to the aggregate Principal Balance due under the Pledged Contracts received or deemed received during such Accounting Period, together with Finance Charge Collections that are reallocated as Principal
Collections on any Settlement Date pursuant to Section 2.06(b). 
 “Pro Rata Share” means,
at any time for any Committed Lender in any Lender Group, (a) the Commitment of such Committed Lender at such time, divided by the sum of the Commitments of all Committed Lenders in such Lender Group at such time and (b) after the
Commitments of all the Committed Lenders in such Lender Group have been terminated, the outstanding principal amount of the Loans funded by such Committed Lender at such time, divided by the outstanding principal amount of the Loans funded by all
the Committed Lenders in such Lender Group at such time. 
 “Product Information” has the
meaning specified in Section 10.12(a). 
 “Program Agent” means Deutsche Bank, in its
capacity as agent for the Lenders, together with its successors and permitted assigns. 
 “Prohibited
Transaction” means any transaction set forth in Section 406 of ERISA or Section 4975 of the IRC which is not exempt under Section 408 of ERISA or Section 4975(d) of the IRC. 

“Property” means any right or interest in or to property of any kind whatsoever, whether real, personal
or mixed and whether tangible or intangible. 
 “Purchase Agreement” means that certain Amended
and Restated Purchase and Contribution Agreement dated as of the Closing Date, by and between the Originator and the Borrower, as amended, restated, supplemented or otherwise modified from time to time. 

  
 35 

 “Quarterly Data” means a data tape, which shall include
with respect to each Pledged Contract (i) the information specified in the definition of “Monthly Loan Tape,” (ii) static pool gross and net loss data by monthly origination vintages, (iii) loss and delinquency data with
respect to all Managed Portfolio Contracts and (iv) such other information as the Program Agent may reasonably request, without unreasonable expense or effort by the Servicer, from time to time to satisfy or fulfill regulatory requirements
applicable to the Secured Parties, including capital treatment under Basel II, for the related quarter; provided that all Quarterly Data will be based on data available as of the last day of the Accounting Period most recently ended prior to
the Quarterly Determination Date. 
 “Quarterly Determination Date” means the Settlement Date
in each January, April, July, and October, commencing in January 2012. 
 “Quarterly Measurement
Date” means, for the DT Entities On A Consolidated Basis with respect to any fiscal year, the last day of the March, June, September and December Accounting Periods. 

“Rate Type” means the Adjusted LIBO Rate, the Base Rate or the CP Rate. 

“Rating Agencies” means each of S&P and Moody’s or their respective successors. 

“Rating Request” means a written request by an Affected Party or Lender to the Borrower and the
Servicer, stating that such Affected Party or Lender intends to request that a Rating Agency publicly issue a rating to the transactions contemplated by this Agreement that reasonably reflects the economics and credit of the Loans at the time of
such request. 
 “Records” means all agreements, documents, instruments, books, records and
other information (including, without limitation, financial statements, accounting records, customer lists, credit files, computer programs, electronic data print outs and other computer materials and records, tapes, discs, punch cards, data
processing software and related property and rights) maintained by or on behalf of the Borrower or the Servicer with respect to the Pledged Contracts. 
 “Reference Bank” means, with respect to any Lender Group, the financial institution identified as the Reference Bank for such Lender Group on Schedule I or such other financial
institution as shall be specified by the Managing Agent for such Lender Group in a written notice to the Borrower. 
 “Register” has the meaning specified in Section 10.03(d). 
 “Registrar of Titles” means a state agency in a Permitted State that issues Certificates of Titles. 

“Regulations T, U and X” means Regulations T, U and X of the Board of Governors of the Federal Reserve
System (or any successor), as the same may be modified and supplemented and in effect from time to time. 

“Release” has the meaning specified in Section 2.06(c)(iv). 

“Release Request” has the meaning set forth in the Custodial Agreement. 

“Reportable Event” has the meaning set forth in Section 4043 of ERISA. 

“Required Data” means ongoing information regarding the Collateral required to be provided by the
Borrower or the Servicer to the Program Agent at the request of the Program Agent or 

  
 36 

 
any Managing Agent, including in connection with any Lender’s or Affected Party’s regulatory capital requirements. 

“Required Standard of Care” has the meaning set forth in Section 6.07. 

“Required Takeout Price” means, with respect to any Securitization Transaction or whole loan sale
transaction, an amount equal to the sum of (i) the portion of the Outstanding Loan Amount required to be reduced at the time of such Securitization Transaction or whole loan sale transaction such that after giving effect to the sale of the
related Pledged Contracts, the Outstanding Loan Amount will not exceed the Borrowing Base, plus (ii) all accrued and unpaid Interest and Fees at the time of such Securitization Transaction or whole loan sale transaction, plus (iii) if any
other Borrower Obligations are then due and payable at the time of such Securitization Transaction or whole loan sale transaction, the aggregate amount of such other Borrower Obligations. 

“Requirement of Law” means as to any Person, the certificate of incorporation and by- laws or other
organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property
or to which such Person or any of its property is subject. 
 “Responsible Officer” means, as
to any Person, the chief executive officer or, with respect to financial matters, the chief financial officer of such Person; provided, that in the event any such officer is unavailable at any time he or she is required to take any action hereunder,
Responsible Officer means any officer authorized to act on such officer’s behalf as demonstrated by a certificate of corporate resolution. 
 “Restricted Junior Payment” means (i) any dividend or other distribution, direct or indirect, on account of the membership interests of the Borrower now or hereafter outstanding,
(ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any membership interests of the Borrower now or hereafter outstanding, (iii) any payment made to redeem,
purchase, repurchase or retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire any membership interests of the Borrower now or hereafter outstanding, and (iv) any payment of management fees by the
Borrower. 
 “Restricted Payments” means with respect to any Person, (i) collectively, all
dividends or other distributions of any nature (cash, securities, assets or otherwise), and all payments, by virtue of redemption or otherwise, on any class of equity securities (including, without limitation, warrants, options or rights therefor)
or membership interests issued by such Person, whether such securities or interests are now or may hereafter be authorized or outstanding and any distribution in respect of any of the foregoing, whether directly or indirectly and (ii) any
payment on account of, or set apart assets for a sinking or other analogous fund for the purchase, defeasance, retirement or other acquisition of any subordinate debt of any DT Entity, whether now or hereafter outstanding, or any other distributions
in respect thereof, either directly or indirectly, whether in cash or property or in obligations of any DT Entity. 
 “Retained Interest” means a material net economic interest of not less than five percent (5%) of the aggregate Principal Balance of all Pledged Contracts in accordance with the text
of Article 122a. 
 “Rolling Average Charged-Off Losses Ratio (Managed Portfolio Contracts”)
means, for any Accounting Period with respect to the Managed Portfolio Contracts, the average of the Charged-Off 

  
 37 

 
Losses Ratio for the Managed Portfolio Contracts for the DT Entities On A Consolidated Basis for the three (3) consecutive Accounting Periods most recently ended. 

“Rolling Average Charged-Off Losses Ratio (Pledged Contracts)” means, for any Accounting Period with
respect to the Pledged Contracts, the average of the Charged-Off Losses Ratio with respect to the Pledged Contracts for the three (3) consecutive Accounting Periods most recently ended. 

“Rolling Average Delinquency Ratio (Managed Portfolio Contracts)” means, as of any Measurement Date with
respect to the Managed Portfolio Contracts, the average of the Delinquency Measurement Ratios for the Managed Portfolio Contracts for the DT Entities On A Consolidated Basis for the three (3) consecutive Accounting Periods most recently ended.

 “Rolling Average Delinquency Ratio (Pledged Contracts)” means, as of any Measurement Date
with respect to the Pledged Contracts, the average of the Delinquency Measurement Ratios for all Pledged Contracts for the three (3) consecutive Accounting Periods most recently ended. 

“Rolling Average Extension Rate (Managed Portfolio Contracts)” means, with respect to the Managed
Portfolio Contracts, the percentage of Managed Portfolio Contracts for which an extension has been granted by the Servicer in accordance with the Credit and Collection Policy during any Accounting Period (computed as the number of whole months
extended or fractions thereof, on a twelve (12) month rolling average basis and based on the number of Managed Portfolio Contracts at the beginning of each Accounting Period). 

“Rolling Average Extension Rate (Pledged Contracts)” means, with respect to the Pledged Contracts for
any Accounting Period, the percentage of Pledged Contracts for which an extension has been granted by the Servicer in accordance with the Credit and Collection Policy during such Accounting Period (computed as the number of whole months extended or
fractions thereof, on a twelve (12) month rolling average basis and based on the number of Pledged Contracts at the beginning of each Accounting Period). 
 “S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, and its successors. 

“Schedule of Payments” means the schedule of payments disclosed on a Contract. 

“Scheduled Payments” means the periodic installment payment amount disclosed in the Schedule of Payments
for the Contract. 
 “Secured Parties” means, collectively, the Lenders, each Managing Agent,
the Program Agent, the Custodian, the Backup Servicer and each other Indemnified Party. 
 “Securities
Intermediary” has the meaning set forth in Section 2.20(b). 
 “Securitization
Transaction” means any securitization or structured finance transaction entered into by any DT Entity or an Affiliate thereof from time to time secured in whole or in part by Contracts and/or Pledged Contracts. 

“Servicer” means, at any time, the Person then authorized pursuant to Article VI hereof to act hereunder
in such capacity. As of the date hereof, DTCC is the Servicer. 

  
 38 

 “Servicer Default” means the occurrence of any of the
following with respect to the Servicer: 

(a)        the Servicer shall fail to make any payment or deposit
required to be made by it hereunder when due, and such failure shall continue for one Business Day; or 
 (b)        the Servicer shall fail to perform or observe any term, covenant or agreement contained in this Agreement or any other Facility Document on its part to
be performed or observed and such failure remains unremedied for five (5) days after it receives notice of such failure from any Affected Party or a Responsible Officer of the Servicer has knowledge thereof; or 

(c)        any representation or warranty made or deemed to be
made by the Servicer under this Agreement, any Monthly Report, any Borrowing Base Certificate, any Borrowing Request or other information or report delivered pursuant hereto shall prove to have been false or incorrect in any material respect when
made or deemed made or delivered; or 
 (d)        an
Event of Bankruptcy shall have occurred with respect to the Servicer; or 

(e)        occurrence of an Event of Termination pursuant to
clause (bb) of Section 7.01 or of any other Event of Termination relating to the Servicer (including, without limitation, breach of any applicable financial covenants); or 

(f)        the occurrence of a Level Two Trigger Event pursuant
to clause (a), (b), (c) or (d) of the definition thereof. 
 “Servicer Fee” means a
fee with respect to each Accounting Period, payable in arrears on each Settlement Date for the account of the Servicer, in an amount equal to the product of (i) one-twelfth of the Servicer Fee Rate and (ii) the aggregate Principal Balances
of all Pledged Contracts as of the last day of such Accounting Period; provided, that if the Servicer is not DTCC or an Affiliate of DTAC, the Servicer Fee shall be reflective on the market rate for servicing similar Contracts. 

“Servicer Fee Rate” means a rate per annum equal to four percent (4.00%); provided, that,
from and after the Commitment Termination Date, so long as no Event of Termination, Servicer Default, Incipient Event of Termination or Incipient Servicer Default shall have occurred and be continuing (other than an Event of Termination that arises
solely as a result of the failure of the Borrower to repay all Borrower Obligations in full on the Commitment Termination Date), the “Servicer Fee Rate” shall mean a rate per annum equal to seven percent (7.00%). 

“Servicing Report” has the meaning set forth in Section 6.15(a). 

“Servicing Transfer” has the meaning set forth in Section 6.01(c). 

“Servicing Turnover” has the meaning set forth in Section 6.07. 

“Settlement Date” means (i) the 15th day of each Accounting Period (or, if such day is not a Business
Day, the next succeeding Business Day) and (ii) on and after the occurrence of an Event of Termination, each other Business Day specified by the Program Agent (which, in the discretion of the Program Agent, may be as frequently as daily) in a
written notice to the Borrower, the Paying Agent and the Servicer. 

  
 39 

 “Simple Interest Method” means the method of allocating a
generally fixed level payment between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the APR multiplied by the unpaid balance multiplied by the period of time (expressed
as a fraction of a year, based on the actual number of days in the calendar month and the actual number of days in the calendar year) elapsed since the date through which interest was last paid and the remainder of such payment is allocable to
principal. 
 “Single Employer Plan” has the meaning set forth in Section 3(41) of ERISA.

 “Subsidiary” means, with respect to any Person, any corporation, partnership or other entity
of which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation,
partnership or other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by reason of the
happening of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person. 

“Supporting Obligations” has the meaning given to such term in the UCC. 

“Taxes” means any and all present or future taxes, levies, imposts, deductions, charges or withholdings,
and all liabilities with respect thereto. 
 “Terminated Contract” has the meaning set forth in
the Custodial Agreement. 
 “Termination Date” means the earliest to occur of (i) the
Commitment Termination Date, (ii) the declaration or automatic occurrence of the Termination Date pursuant to Section 7.02 and (iii) that Business Day which the Borrower designates as the Termination Date by notice to the Program
Agent at least five (5) Business Days prior to such Business Day. 
 “Termination Notice”
has the meaning set forth in Section 6.01(c). 
 “Transaction” has the meaning specified
in Section 10.12. 
 “Transaction Parties” means, collectively, the Borrower, the
Originator, the Performance Guarantors and, so long as it is DTCC or an Affiliate of DTAC, the Servicer. 

“Transition Expenses” means any documented expenses and allocated cost of personnel reasonably incurred
by the Backup Servicer in connection with a Servicing Transfer. 
 “Trust Receipt Exhibit A”
has the meaning set forth in the Custodial Agreement. 
 “UCC” means the Uniform Commercial
Code as from time to time in effect in the applicable jurisdiction. 
 “Walk-In Payment
Percentage” means, with respect to any Accounting Period, the percentage equivalent of a fraction the numerator of which is the amount of Collections not received either by electronic funds transfer or by check delivered to a Lock-Box
during such Accounting Period and the denominator of which is the amount of Collections deposited in Collection Account during such Accounting Period. 

  
 40 

 “Walk-In Payment Ratio” means, on any day, the average of
the Walk-In Payment Percentages for the three most recently completed Accounting Periods. 
 “Warehouse
Facility” means (i) the credit facility evidenced by that certain Loan and Servicing Agreement, dated as of April 1, 2010 among DT Warehouse III, LLC, as borrower, DTCC, as servicer, Wells Fargo Bank, National Association, as
backup servicer, paying agent and securities intermediary, the persons from time to time party thereto as “Conduit Lenders”, the financial institutions from time to time party thereto, as “Committed Lenders” and “Managing
Agent” and UBS Real Estate Securities Inc., as “Program Agent” and the other “Facility Documents” referred to therein, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time,
(ii) the credit facility evidenced by that certain Loan and Servicing Agreement dated as of July 23, 2010 among DT Warehouse IV, LLC, as borrower, DTCC, as servicer, Wells Fargo Bank, National Association, as backup servicer, paying agent
and securities intermediary, the commercial paper conduits from time to time party thereto, the financial institutions from time to time party thereto, as Committed Lenders, the financial institutions from time to time party thereto, as Managing
Agents, and The Royal Bank of Scotland PLC, as “Program Agent” and the other “Facility Documents” referred to therein, in each case as the same may be amended, restated, supplemented or otherwise modified from time to time;
(iii) the credit facility evidenced by that Loan and Security Agreement dated as of December 23, 2011 among DT Warehouse V, LLC, as borrower, DTCC, as servicer, Wells Fargo Bank, N.A., a national banking association, as lender, Wells Fargo
Securities, LLC, a Delaware limited liability company, as administrative agent for the Lender and Wells Fargo Bank, N.A., a national banking association, as collateral custodian and as the backup servicer; or (iv) any other committed revolving
credit facility (other than the credit facility evidenced by this Agreement) in favor of DTAC, DTAG and/or an Affiliate thereof pursuant to which one or more lenders, purchasers or other investors have agreed to provide financing to DTAC, DTAG
and/or an Affiliate thereof secured by Contracts. 
 “Warehouse Facility Availability” means,
on any Business Day with respect to any Warehouse Facility, the maximum principal amount available to be borrowed on such date by DTAC, DTAG and/or an Affiliate thereof under such Warehouse Facility, determined on such date after giving effect to
any borrowing base or similar calculation set forth therein and subject to the facility limit or maximum available credit thereunder. 
 “Wet Contract” means, as of any date of determination, a Contract: 
 (a)        as to which the information set forth in the Borrowing Request with respect to such Contract is complete, true and correct in all material respects;

 (b)        which is in the form of Exhibit D, or a
different form consented to in writing by the Managing Agents; 

(c)        with respect to which the first Scheduled Payment is
due within forty-five (45) days after the date of such Contract; 

(d)        with respect to which the related Contract Debtor is
not delinquent on payments; 
 (e)        which the
Servicer has not designated as out for or in repossession; 

(f)        as to which any right of rescission arising out of the
Contract of the Contract Debtor has expired; 

(g)        which is not (i) a Charged-off Contract,
(ii) a Contract for which the Amount Financed was in excess of $30,000, or (iii) a Contract that (A) was previously a Pledged Contract 

  
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and (B) was previously transferred by the Borrower in connection with a Contract Disposition Transaction and, at the time of such Contract Disposition Transaction, was a Delinquency
Measurement Contract; provided, that notwithstanding the foregoing, a Contract of the type described in this clause (iii) may become an Eligible Contract if it otherwise satisfies the definition thereof upon the earlier of
(x) the date after such Contract Disposition Transaction on which such Contract is not a Delinquency Measurement Contract and the related Contract Debtor has made at least four (4) Scheduled Payments thereunder and (y) the date on
which such Contract was not a Delinquency Measurement Contract for three (3) consecutive Accounting Periods; 
 (h)       which a Simple Interest Method loan, has a fixed APR and the “Finance Charge” was computed using a fixed rate; 

(i)        which has an original term to maturity that does not
exceed sixty-two (62) months, or such other period as may be agreed to from time to time by the Borrower and the Program Agent, provided that (x) for Receivables as to which the Contract Debtor is rated “B” the original term to
maturity is not less than twelve (12) months and does not exceed sixty-eight (68) months and (y) for Receivables as to which the Contract Debtor is rated “A” the original term to maturity is not less than twelve
(12) months and does not exceed seventy-two (72) months, (ii) and the Schedule of Payments has equal periodic payments except for payments due during the first 90 days of the term of such Contract, and except for the final payment
which may be less than the other equal payments, and the payment obligation is in United States dollars, and (iii) does not cause the weighted average (based on Principal Balances of the applicable Eligible Contracts) original term to maturity
of all Eligible Contracts that are Pledged Contracts to exceed sixty-two (62) months; provided that the Pledged Contracts rendered ineligible solely pursuant to the foregoing clause (iii) shall be selected by the Borrower from the
Pledged Contracts with the longest original term to maturity and only with Principal Balances required to reduce the such weighted average original term to maturity of all Eligible Contracts that are Pledged Contracts to or below sixty-two
(62) months; provided that any such ineligible Pledged Contract may be subsequently designated by the Borrower as an “Eligible Contract” if the eligibility of such Pledged Contract would not cause such weighted average original
term to maturity of all Pledged Contracts to exceed sixty-two (62) months; 

(j)        which provides that, in the event such Contract is
pre-paid, the prepayment shall fully pay the Principal Balance and unpaid interest, including interest in the month of prepayment to the date of prepayment, at the APR; 

(k)       which provides for the absolute sale of the Financed Vehicle
to the Contract Debtor, and the Financed Vehicle is not on approval or subject to any agreement between the Contract Debtor and the Dealer for the repurchase or return of the Financed Vehicle; 

(l)        which does not present a credit, collateral or
documentation risk which is material and unacceptable to the Program Agent; 

(m)      which was originated by DTCS, or the Originator in a Permitted State;

 (n)       which, if the Contract Debtor is an employee,
officer, agent, director, stockholder, supplier or creditor of any DT Entity or an Affiliate thereof, does not contain terms different than those in the most recent employee purchase program, a copy of which is attached hereto as Schedule V;

 (o)       which contains the original signature of the
Contract Debtor and the Dealer; 

  
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 (p)      which is the only
unsatisfied original executed Contract for the purchase of the Financed Vehicle and accurately reflects all of the actual terms and conditions of the Contract Debtor’s purchase of the Financed Vehicle; 

(q)      as to which no DT Entity or any Affiliate thereof has made any
agreement with the Contract Debtor to reduce the amount owed on the Contract, or is required to perform any additional service for, or perform or incur any additional obligation to, the Contract Debtor in order for any DT Entity to enforce the
Contract; 
 (r)       which, (i) if originated by DTCS,
was transferred by DTCS to the Originator pursuant to the Origination Agreement, (ii) [reserved], (iii) at the time originated by DTCS, or the Originator, satisfied the creditworthiness and other advance criteria in the Credit and
Collection Policy or was otherwise approved by the Program Agent, and (iv) was originated without any fraud or misrepresentation on the part of DTCS, the Originator, or any other Person; 

(s)       with respect to which, the Contract Debtor’s
obligations under the Contract are secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Originator, which security interest has been validly assigned and transferred by the Originator to the
Borrower, which has a valid, subsisting and enforceable first priority perfected security interest in such Financed Vehicle; 
 (t)       which has not been, nor is it designated to be, terminated, satisfied, canceled, subordinated or rescinded in whole or in part; nor has the Financed Vehicle
been released, or designated for release, from the security interest granted by the Contract; and all of the holder’s obligations under the Contract have been performed except those which first arise subsequent to such Contract becoming a
Pledged Contract; 
 (u)      no provision of which has been
waived, extended, altered or modified in any respect, and the day of the month that Scheduled Payments are due has not been changed from the original schedule of payments; 

(v)      as to which no claims of rescission, setoff, counterclaim, defense
or other material disputes have been asserted with respect to the Contract or Financed Vehicle; 

(w)     as to which there are no unsatisfied Liens or claims for Taxes, labor,
materials, fines, confiscation, or replevin relating to the Contract or Financed Vehicle; there is no unsatisfied claim against the Contract Debtor based on the operation or use of the Financed Vehicle; all Taxes due for the purchase, use and
ownership of the Financed Vehicle have been paid and all taxes due on the transfer or the Contract to the Borrower have been paid; 
 (x)      with respect to which no DT Entity has repossessed the Financed Vehicle or commenced a replevin action or other lawsuit, against the Contract Debtor or Financed
Vehicle; 
 (y)      with respect to which the model year of the
Financed Vehicle is not more than twelve (12) years earlier than the model year in effect at the time the Contract becomes a Pledged Contract; 

(z)      as to which the obligation of the original Contract Debtor has not
been released or assumed by another Person unless the release or assumption was properly documented and the Program Agent has consented in writing to such Contract being an Eligible Contract; 

  
 43 

 (aa)        as to
which the down payment complies with the Underwriting Guidelines, and has been paid in full by the Contract Debtor and not loaned to the Contract Debtor by any DT Entity or an Affiliate thereof, and any trade-in has been delivered to the Dealer with
an endorsed Certificate of Title; 
 (bb)       [Reserved];

 (cc)        which, together with the sale of the
Financed Vehicle and the sale of any Optional Contract Debtor Insurance, complied at the time such Contract was originated or made, and continue to comply in all material respects with 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 Magnuson-Moss Warranty Act, the Federal Reserve Board’s Regulations B and Z, the Servicemembers Civil Relief Act of 2003, the Texas Finance Code and other State adaptations of the Uniform Consumer Credit Code, and
other consumer credit laws and equal credit opportunity and disclosure laws; the form of such Contract and the manner in which it was completed and executed and all documents delivered and disclosures made in connection therewith are in compliance
with all requirements of applicable Federal, State and local laws, and all applicable regulations thereunder, except to the extent a failure to so comply would not have an adverse effect on (i) the collection and payment of the Contract, or
(ii) the interests in such Contract of any DT Entity; 

(dd)       with respect to which none of the Contracts Debtors is the
United States of America, or any State, or any agency, department, or instrumentality of the United States of America, any State or municipality; 

(ee)        which was not originated in, and is not subject to
the laws of, any jurisdiction under which the sale, transfer, and assignment of such Contract, or the assignment and grant of a security interest pursuant to this Agreement, shall be unlawful, void or voidable, and with respect to which (i) no
consent of any Contract Debtor or other Person is required for the sale and assignment of or grant of security interest in such Contract and (ii) no DT Entity has entered into any agreement with any Contract Debtor or any other Person that
prohibits, restricts or conditions the sale, assignment, or grant of security interest in any portion of such Contract; 
 (ff)         which constitutes “tangible chattel paper” under Article 9 of the applicable UCC; 

(gg)       which (A) if such Contract was originated in a State
in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Financed Vehicle shows the Originator named as the original and only
secured party under the related Contract as the holder of a first priority security interest in such Financed Vehicle; provided that any assumed name, designation or trade name may be used by the Originator on the title document; provided
further that the use of any such assumed name, designation or trade name by the Originator shall result in a fully perfected first priority security interest in favor of Originator and a legal opinion has been delivered to the Managing Agents by
the Originator’s legal counsel stating the foregoing, and (B) if such Contract was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings
or recordings have been duly made and show the Originator named as the secured party under the Contract; and if the title document has not yet been returned from the Registrar of Titles, the Originator has received and delivered to the custodian
written evidence that such title document showing the Originator as first lienholder has been applied for; 

  
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 (hh)      which represents the
genuine, legal, valid and binding obligation of the Contract Debtor thereunder and is enforceable by the holder thereof in accordance with its terms, except only as such enforcement may be limited by bankruptcy, insolvency or similar laws affecting
the enforcement of creditors’ rights generally, and all parties to such contract had full legal capacity to execute and deliver such contract and all other documents related thereto and to grant the security interest purported to be granted
thereby; 
 (ii)        with respect to which each
Contract Debtor is and continues to be domiciled in the United States; 

(jj)        with respect to which the related Financed Vehicle
has not suffered a casualty or been materially damaged and not repaired, and such Financed Vehicle is located outside of the United States; 
 (kk)      with respect to which, at the time of origination of such Contract, to the knowledge of the Originator, the Borrower and the Servicer, the related Financed Vehicle
is customarily used and garaged in the state issuing the Certificate of Title; 

(ll)        with respect to which the related Financed Vehicle
was properly delivered to the related Contract Debtor in good repair, without material defects and in satisfactory order, and such Financed Vehicle was accepted by the Contract Debtor after reasonable opportunity to inspect and test same and, at the
time of such delivery and acceptance, no Contract Debtor informed any DT Entity of any material defect therein; 
 (mm)    with respect to which no Contract Debtor is involved in the business of leasing or selling any Financed Vehicles; 

(nn)      which does not constitute a “consumer lease” under
either (A) the UCC as in effect in the jurisdiction whose law governs the Contract, or (B) the Consumer Leasing Act, 15 U.S.C. 1667; 
 (oo)      with respect to which the Contract Delivery Documents have not been delivered to the Custodian as of such date of determination; 

(pp)      which is less than 11 calendar days old, measured from the date
of such Contract to such date of determination; and 

(qq)      is listed on Schedule I to the most recently delivered Borrowing
Request. 
 SECTION 1.02. Other Terms and Constructions. Under this Agreement, all accounting terms not
specifically defined herein shall be construed in accordance with GAAP as in effect in the United States, and all accounting determinations made and all financial statements prepared hereunder shall be made and prepared in accordance with GAAP. All
terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. The words “herein,” “hereof,” and “hereunder” and other words of similar
import refer to this Agreement as a whole, including the exhibits and schedules hereto, as the same may from time to time be amended or supplemented and not to any particular section, subsection, or clause contained in this Agreement, and all
references to Sections, Exhibits and Schedules shall mean, unless the context clearly indicates otherwise, the Sections hereof and the Exhibits and Schedules attached hereto, the terms of which Exhibits and Schedules are hereby incorporated into
this Agreement. The captions and section numbers appearing in this Agreement are inserted only as a matter of convenience and do not define, limit, construe or describe the scope or intent of the provisions of this Agreement. Each of the definitions
set forth in Section 1.01 

  
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hereof shall be equally applicable to both the singular and plural forms of the defined terms. Unless specifically stated otherwise, all references herein to any agreements, documents or
instruments shall be references to the same as amended, restated, supplemented or otherwise modified from time to time. 
 SECTION 1.03. Computation of Time Periods. Unless otherwise stated in this Agreement, in the computation of a period of time from a specified date to a later specified date, the word
“from” means “from and including” and the words “to” and “until” each means “to but excluding.” 
 ARTICLE II 
 AMOUNTS AND TERMS OF THE LOANS 

SECTION 2.01. The Loans. 
 (a)        On the terms and subject to the conditions hereof, on the Closing Date, and thereafter from time to time prior to the Termination Date, each Conduit
Lender may in its sole discretion, and each Committed Lender shall, if the Conduit Lender in its related Lender Group, if any, elects not to, make Loans to the Borrower in an amount, for each Lender Group, equal to its Lender Group Percentage of the
amount requested by the Borrower pursuant to Section 2.02; provided, that no Lender shall make any such Loan or portion thereof to the extent that, after giving effect to such Loan: 

  (i)        the aggregate outstanding Principal
Amount of the Loans funded by such Lender hereunder shall exceed its Conduit Lending Limit (in the case of a Conduit Lender) or Commitment (in the case of a Committed Lender); 

  (ii)       the Outstanding Loan Amount shall exceed the
lesser of the Facility Limit and the Borrowing Base; or 

  (iii)      the sum of (A) the aggregate Face Amount of
Commercial Paper issued by the Conduit Lender(s) in such Lender Group to fund or maintain the Loans hereunder and (B) the aggregate outstanding Principal Amount of the Loans funded hereunder by the Lenders in such Lender Group other than
through the issuance of Commercial Paper, shall exceed the Lender Group Limit for such Lender Group. 
 If there is more than
one Committed Lender in a Lender Group, each such Committed Lender shall lend its Pro Rata Share of such Lender Group’s Lender Group Percentage of each requested Loan, to the extent such Loan is not made by the related Conduit Lender. Each
Borrowing shall be in a minimum principal amount equal to $500,000 and in integral multiples of $100,000 in excess thereof; provided, that for any period during which the Facility Limit exceeds the Outstanding Loan Amount by $500,000
or less, each Borrowing shall be in a minimum principal amount equal to $100,000 and in integral multiples of $100,000 in excess thereof. Subject to the foregoing and to the limitations set forth in Section 2.05, the Borrower may borrow, prepay
and reborrow the Loans hereunder. 
 (b)        Each Borrowing shall
consist of Loans having the same Interest Period and made on the same day by each of the Lender Groups ratably according to their respective Lender Group Percentages. The first Borrowing hereunder shall occur on the Closing Date. 

(c)        On the Termination Date, the Commitments of the Committed Lenders will
terminate automatically without any action required on the part of any Person. 

(d)        On the Maturity Date, all of the Loans, together with all other
Borrower Obligations, shall mature and be due and payable. 

  
 46 

 SECTION 2.02. Borrowing Procedures. 

(a)        Borrowing Requests. 

   (i)       The Borrower shall request a Borrowing
hereunder by submitting to the Program Agent a written notice, substantially in the form of Exhibit B (each, a “Borrowing Request”) not later than (x) in the case of a Borrowing of less than or equal to $20,000,000, 11:00 a.m.
(New York City time) on the Business Day of the proposed Borrowing or (y) in the case of a Borrowing in excess of $20,000,000, 12:00 p.m. (New York City time) on the Business Day prior to the date of the proposed Borrowing (each, a
“Borrowing Date”); provided, that there shall not be more than three (3) Borrowing Dates during any calendar week. Promptly after its receipt thereof, the Program Agent shall submit a copy of each Borrowing
Request to each Managing Agent who shall promptly forward a copy thereof to the Lenders in its Lender Group. 
    (ii)      Each Borrowing Request shall: (A) specify (1) the amount of the requested Borrowing which amount shall be allocated among the Lender
Groups based on the respective Conduit Lending Limits of the Conduit Lenders in each Lender Group, (2) the Outstanding Loan Amount after giving effect to such Borrowing, (3) the desired Borrowing Date, and (4) the account of the
Borrower to which the proceeds of such Borrowing are to be remitted, (B) certify that, after giving effect to the proposed Borrowing, no Borrowing Base Deficiency would exist, and (C) be accompanied by a duly completed Schedule I to such
Borrowing Request which sets forth the required information regarding the Eligible Contracts or Wet Contracts that are the subject of such Borrowing. 
 (b)        Conduit Lender Acceptance or Rejection. If a Conduit Lender shall receive a Borrowing Request, such Conduit Lender shall instruct the related
Managing Agent to accept or reject such request by no later than the close of business on the Business Day of the applicable Borrowing Request. If a Conduit Lender rejects a Borrowing Request, the related Managing Agent shall promptly notify the
Borrower and the related Committed Lenders of such rejection. If a Conduit Lender declines to fund its portion of any Borrowing Request, the Borrower may cancel and rescind such Borrowing Request in its entirety upon notice thereof received by the
Program Agent and each Managing Agent prior to the close of business on the Business Day immediately prior to the proposed Borrowing Date. At no time will a Conduit Lender be obligated to make Loans hereunder regardless of any notice given or not
given pursuant to this Section. 
 (c)        Committed Lender’s
Commitment. 
    (i)       If a Conduit
Lender rejects a Borrowing Request and the Borrower has not cancelled such Borrowing Request in accordance with clause (b) above, any Loan requested by the Borrower in such Borrowing Request that would otherwise be made by such Conduit Lender
shall be made by the related Committed Lenders in its Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan. 

   (ii)      The obligations of any Committed Lender to
make Loans hereunder are several from the obligations of any other Committed Lenders (whether or not in the same Lender Group). The failure of any Committed Lender to make Loans hereunder shall not release the obligations of any other Committed
Lender (whether or not in the same Lender Group) to make Loans hereunder, but no Committed Lender shall be responsible for the failure of any other Committed Lender to make any Loan hereunder. 

  
 47 

 (iii)      Notwithstanding
anything herein to the contrary, a Committed Lender shall not be obligated to fund any Loan at any time on or after the Termination Date or if, after giving effect to such Loan, the aggregate outstanding Loans funded by such Committed Lender
hereunder would exceed an amount equal to (i) such Committed Lender’s Commitment, minus (ii) such Committed Lender’s ratable share of the aggregate outstanding principal balance of the Loans held by the Conduit Lender(s) in such
Committed Lender’s Lender Group. 
 (d)    Disbursement of Funds. On each
Borrowing Date, subject to the satisfaction of the conditions precedent specified in this Agreement, each applicable Lender shall remit its share of the aggregate amount of the Loans requested by the Borrower to the account of its related Managing
Agent specified therefor to such Lender by 1:30 p.m. (New York City time) by wire transfer of same day funds. Upon receipt of such funds, each Managing Agent shall remit such funds by wire transfer of same day funds to the account of the Borrower
specified in the related Borrowing Request by 3:00 p.m. (New York City time) to the extent it has received such funds from the Lenders in its Lender Group no later than 1:30 p.m. (New York City time). 

SECTION 2.03. Reductions and Increases to the Facility Limit. Reductions of the Facility Limit. The
Borrower may, from time to time upon at least three (3) Business Days’ prior written notice to each Managing Agent (with a copy to the Paying Agent), elect to reduce the Facility Limit in whole or in part, provided that after giving
effect to any such reduction and any principal payments on such date, the Outstanding Loan Amount shall not exceed the Facility Limit. Any such reduction shall be in a minimum amount of $5,000,000 and in integral multiples of $1,000,000 in excess
thereof; and provided further that any such reduction shall effect a ratable reduction of the Commitments of each Committed Lender and of each Lender Group’s Lender Group Limit. Once the Facility Limit is reduced pursuant to this
Section 2.03(a) it may not subsequently be reinstated without the consent of each Committed Lender. 

(b)    Increases to the Facility Limit. The Borrower may, from time to time upon at least
thirty (30) days (or such lesser number of days agreed to by the Managing Agents) prior written notice request an increase to the Facility Limit. Each such notice shall specify (i) the proposed date such increase shall become effective and
(ii) the proposed amount of such increase (which amount shall be at least $25,000,000 or an integral multiple of $5,000,000 in excess thereof), and shall otherwise be in form and substance satisfactory to the Managing Agents. Such increase to
the Facility Limit shall become effective, if, and only if, (x) the Program Agent and the Managing Agent (on behalf of the Committed Lenders in the related Lender Group) of each Lender Group whose Lender Group Limit is being increased has
approved such increase, by delivering a written confirmation of such approval to the Program Agents, the Managing Agents and the Borrower (with a copy to the Paying Agent) or (y) to the extent that the Committed Lenders in one or more Lender
Groups have, in their sole discretion, agreed to increase the Facility Limit in an amount which is less than the Borrower’s requested increase to the Facility Limit, the Borrower shall reduce its requested increase to the Facility Limit to an
amount equal to such lower amount. Nothing contained herein shall constitute a commitment on the part of any Committed Lender hereunder to agree to any such increase. 

SECTION 2.04. Interest and Fees. On each Settlement Date and on the Final Collection Date, the Borrower shall pay
to each Lender (or its related Managing Agent) all accrued and unpaid Interest with respect to the Loans for the preceding Interest Period pursuant to Section 2.06 or Section 2.07 of this Agreement. On each Liquidity Fee Payment Date, the
Borrower shall pay to each Managing Agent the accrued and unpaid Liquidity Fees then due and payable pursuant to Section 2.06 of this Agreement. On or before each Settlement Date, each Managing Agent (on behalf of the Lenders in the related
Lender Group) shall furnish the Borrower with an invoice setting forth the amount of the accrued and unpaid Interest for the related Interest Period. All payments of Interest and Liquidity Fees shall be 

  
 48 

 
made out of Collections, the proceeds of Loans or, if the Program Agent consents, such other funds available to the Borrower. 

SECTION 2.05. Principal Payments. Optional Prepayments. The Borrower may, at its option, prepay on any
Business Day all or any portion of any Loan upon prior written notice delivered to each Managing Agent (with a copy to the Paying Agent) not later than 12:00 p.m. (New York City time) one (1) Business Day prior to the date of such payment. Each
such notice shall be in the form attached as Exhibit J and shall specify (i) the aggregate amount of the prepayment to be made on the Loans and (ii) the Business Day on which the Borrower will make such prepayment. Each such prepayment
shall be in a minimum principal amount equal to $500,000 and in integral multiples of $100,000 in excess thereof and shall be made ratably among the Lenders based on the aggregate Principal Amount of the Loans held by each. At the request of any
Managing Agent, each such prepayment of the Loans to the Lenders in such Managing Agent’s Lender Group must be accompanied by a payment of all accrued and unpaid Interest on the amount prepaid and any other amounts (including amounts payable
under Section 2.13) due from the Borrower hereunder in respect of such prepayment. Any such prepayment shall be made out of Collections or, with the consent of the Program Agent (such consent not to be unreasonably withheld) out of other funds
of the Borrower. 
 (b)        Mandatory Prepayments. Before
12:00 p.m. (New York City time) on each Business Day, the Borrower shall deliver to the Program Agent, the Backup Servicer and the Paying Agent a Borrowing Base Certificate, the calculation in such certificate to be made as of the close of business
on the prior Business Day. In the event that such Borrowing Base Certificate or any Monthly Report indicates or if at any time the Program Agent or the Backup Servicer shall notify Borrower that a Borrowing Base Deficiency exists, the Borrower shall
no later than the close of business on the second Business Day following the day on which such Borrowing Base Deficiency exists, prepay the Outstanding Loan Amount in part or in whole, such that after giving effect to such prepayment or pledge the
Outstanding Loan Amount does not exceed the Borrowing Base. In addition, if with respect to any Pledged Contract, any of the events described in Section 2.2 of the Purchase Agreement occurs, the Borrower shall cause the Originator to repurchase
from the Borrower, each such Pledged Contract. Not later than the Business Day following its receipt of the Purchase Amount from the Originator, the Borrower shall prepay the Loans in an aggregate amount equal to such Purchase Amount, and such
Purchase Amount shall be deemed to constitute Collections hereunder. Not later than the close of business on the first Business Day after the date on which the Outstanding Loan Amount is less than or equal to 5.00% of the Outstanding Loan Amount as
of the close of business on the Termination Date, the Borrower shall prepay the Outstanding Loan Amount in full. 
 SECTION 2.06. Application of Collections Prior to Termination Date. 
 (a)        The Servicer shall cause all Collections received in the Depository Accounts and the Lockboxes to be remitted to the Collection Account not later than
the third Business Day after receipt thereof. Subject to Section 2.20, funds on deposit in the Collection Account from time to time may be invested in Permitted Investments. Each such Permitted Investment shall mature not later than the
Business Day preceding the next Settlement Date and shall be held to maturity. Each investment instruction by the Borrower or the Servicer, which may be a standing instruction, shall designate specific types of Permitted Investments (and the terms
thereof) and shall certify that such investments constitute Permitted Investments that will mature at the time specified in the preceding sentence. Absent the written instruction of the Borrower or the Servicer, the Paying Agent shall invest funds
on deposit in the Collection Account in Permitted Investments described in clause (d) of the definition thereof. None of the Program Agent, the Paying Agent or Securities Intermediary shall be liable for any loss incurred in connection with an
investment in the Collection Account, except for losses due to such Person’s failure to 

  
 49 

 
make payments on such Permitted Investments issued by such Person in its commercial capacity as principal obligor (and not as Program Agent, Paying Agent or Securities Intermediary). 

(b)        On each Settlement Date prior to the Termination Date, the Paying
Agent shall, based on the information set forth in the related Monthly Report, apply all Finance Charge Collections and Hedge Receipts on deposit in the Collection Account on such day in the following order and priority: 

    (i)         first, to the
Paying Agent, the Securities Intermediary, the Custodian and the Backup Servicer, pro rata, based on the amounts owing to them in respect of accrued (x) Paying Agent Fees, (y) Custodial Fees and (z) Backup Servicing Fees, together
with any costs, expenses or indemnities then due and payable to the Paying Agent, the Securities Intermediary, the Custodian or the Backup Servicer, and any Transition Expenses then due and payable to the Backup Servicer if it becomes the successor
Servicer; provided, that in no event shall the amount payable to the Backup Servicer in respect of Transition Expenses pursuant to this clause (b)(i) exceed $200,000 in the aggregate; 

    (ii)       second, to the Servicer (if
not DTCC or an Affiliate of a DT Entity) the accrued and unpaid Servicer Fee and, if not otherwise paid, at the direction of the Majority Managing Agents, pay to each Approved Sub-servicer all amounts then due and payable pursuant to the contract
between the Servicer and such Approved Sub-servicer; 

    (iii)      third, to pay the purchase price
of an Interest Rate Hedge Agreement pursuant to Section 5.01(p) of this Agreement; 

    (iv)      fourth, to each Managing Agent
(for the account of the Lenders in the related Lender Group), on a pro rata basis, an amount equal to the aggregate accrued and unpaid Interest and Liquidity Fees then due and payable to the Lenders in respect of the preceding Interest
Period, together with any accrued and unpaid Interest and Liquidity Fees from prior Interest Periods; 
     (v)       fifth, to be reallocated as Principal Collections pursuant to Section 2.06(c), an amount necessary to cure a Borrowing Base
Deficiency or to cause the Outstanding Loan Amount to equal the Facility Limit; 

    (vi)     sixth, if any Borrower Obligations
(other than the amounts paid pursuant to clauses (i) through (iv) above) are then due and payable by the Borrower to any Secured Party, to each such Secured Party (ratably in accordance with the amounts owing to each) the Borrower
Obligations so due and payable; 

    (vii)    seventh, to the Servicer (if DTCC or an
Affiliate of a DT Entity) the accrued and unpaid Servicer Fee; and 

    (viii)   eighth, if no Event of Termination or Incipient
Event of Termination has occurred and is continuing, remit any remaining amounts to the Borrower; provided, that if an Event of Termination or Incipient Event of Termination has occurred and is continuing, any remaining amounts shall be
retained in the Collection Account for application on the next Settlement Date in accordance with this Section 2.06 or Section 2.07. 
 (c)        On each Business Day prior to the Termination Date (including, without limitation, each Settlement Date), the Paying Agent shall based on written
instructions from the Servicer 

  
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cause all Principal Collections on deposit in the Collection Account on such day to be applied in the following order and priority: 

    (i)         first, if a
Borrowing Base Deficiency exists, or the Outstanding Loan Amount exceeds the Facility Limit, to the Managing Agents, on behalf of the applicable Lenders, an amount equal to such Borrowing Base Deficiency or the amount necessary to cause the
Outstanding Loan Amount to be less than or equal to the Facility Limit (such amount to be allocated among the Lenders ratably in accordance with the outstanding principal balance of the Loans held by each), provided, however, that at any time
there are Extending Lenders and Non-Extending Lenders, notwithstanding the foregoing, the amount necessary to cause the Outstanding Loan Amount to be less than or equal to the Facility Limit, shall be applied to pay the Managing Agents of all
Non-Extending Lenders with such amount to be allocated among the Non-Extending Lenders ratably in accordance with the outstanding principal balance of the Loans held by each; 

    (ii)       second, in the event that at
least one Committed Lender has agreed to any extension of the Commitment Termination Date pursuant to Section 2.08 when requested by the Borrower, and at least one Lender has not agreed to such extension (each such Lender, a
“Non-Extending Lender”), then, from and after the occurrence of the Commitment Termination Date for any Non-Extending Lender, to each such Non-Extending Lender, in payment of the outstanding principal balance of its Loans, in an
amount equal to such Non-Extending Lender’s ratable share (in accordance with the respective outstanding principal balance of the Loans made by each of the Lenders) of the balance of such Collections (such ratable share to be determined on each
Business Day, solely for the purposes of this clause (ii), based upon the outstanding Loans of the Lenders immediately preceding such Commitment Termination Date), until such Non-Extending Lender’s outstanding Loans are reduced to zero;

     (iii)      third, if the
Managing Agent of a Conduit Lender has notified the Borrower and the Servicer that such Conduit Lender shall not make any more Loans, to such Conduit Lender, in reduction of its outstanding Loans, in an amount equal to such Conduit Lender’s
ratable share of the balance of such Collections (in accordance with the outstanding principal balance of such Loans held by each Lender) until the principal balance of the Loans of such Conduit Lender is reduced to zero; and 

    (iv)      fourth, remit any remaining
Principal Collections to the Borrower for application in accordance with Section 2.06(d) below (any such remittance, a “Release”); provided that, if the conditions precedent for such Release set forth in
Section 3.02 are not satisfied, the Servicer shall retain such Principal Collections into the Collection Account for application on the next Business Day in accordance with this Section 2.06 or Section 2.07, as applicable. 

(d)        Any Principal Collections remitted to the Borrower pursuant to
Section 2.06(c)(iv) shall be applied by the Servicer, on behalf of the Borrower: (i) first, if so requested by the Borrower, to pay or prepay (or set aside for the payment or prepayment of) Loans, (ii) second, to pay the
purchase price for Eligible Contracts to be acquired by the Borrower from the Originator on such day under the Purchase Agreement, and (iii) third, any remaining amounts to be retained in the Collection Account for application on the
next Business Day in accordance with this Section 2.06; provided that, on any Settlement Date prior to the Termination Date, any remaining amounts after giving effect to the preceding clauses (i) and (ii) may be remitted to
Borrower if both before and immediately after giving effect thereto, no Event of Termination or Incipient Event of Termination exists or will exist. 

  
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 SECTION 2.07. Application of Collections After Termination Date.

 (a)        On the Termination Date, the Servicer shall deposit to the
Collection Account all Collections (for which it has good funds) held by it on such date. On each Business Day thereafter, the Servicer shall deposit (or cause to be deposited) to the Collection Account, within three (3) Business Days of its
receipt thereof, all Collections received by it that have not previously been deposited to the Collection Account. The Servicer and the Borrower shall not make any withdrawals from the Collection Account from and after the Termination Date.

 (b)        On each Settlement Date from and after the Termination
Date, the Paying Agent shall, based on the information set forth in the related Monthly Report, apply all Collections received since the prior Settlement Date, and all funds, if any, on deposit in the Collection Account that have not been previously
applied hereunder (including, without limitation, any investment earnings received with respect to such funds) in the following order of priority: 

    (i)         first, to the
Paying Agent, the Securities Intermediary, the Custodian and the Backup Servicer, pro rata, based on the amounts owing to them in respect of accrued (x) Paying Agent Fees, (y) Custodial Fees and (z) Backup Servicing Fees, together
with any costs, expenses or indemnities then due and payable to the Paying Agent, the Securities Intermediary, the Custodian or the Backup Servicer, and any Transition Expenses then due and payable to the Backup Servicer if it becomes the successor
Servicer; provided, that in no event shall the amount payable to the Backup Servicer in respect of Transition Expenses pursuant to this clause (b)(i) exceed $200,000 in the aggregate; 

    (ii)       second, to the Program Agent
an amount equal to the Borrower Obligations (other than those described in clause (iii) below) owing to the Program Agent in respect of costs and expenses of the type described in Section 10.10 incurred by it in connection with the
enforcement of any Facility Document or the collection of any amounts due thereunder; 

    (iii)      third, to pay the purchase price
of an Interest Rate Hedge Agreement pursuant to Section 5.01(p) of this Agreement; 

    (iv)      fourth, to the Servicer the
accrued and unpaid Servicer Fee and, if not otherwise paid, at the direction of the Majority Managing Agents, pay to each Approved Sub-servicer all amounts then due and payable pursuant to the contract between the Servicer and such Approved
Sub-servicer; 

    (v)       fifth, to the Lenders, the
Managing Agents and the Program Agent, on a pro rata basis, an amount equal to the aggregate accrued and unpaid Interest and Liquidity Fees; 
     (vi)     sixth, to the Lenders an amount equal to the Outstanding Loan Amount (such amount to be allocated among the Lenders ratably in accordance
with the outstanding principal balance of the Loans held by each); 

    (vii)    seventh, if any Borrower Obligations (other
than the amounts paid pursuant to clauses (i) through (vi) above) are then due and payable by the Borrower to any Secured Party, to each such Secured Party (ratably in accordance with the amounts owing to each) the Borrower Obligations so
due and payable; 
     (viii)   eighth, if the
Termination Date was declared by the Program Agent solely as a result of the occurrence of an Event of Termination of the type described in Section 7.01(o)(i) 

  
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and the related Borrowing Base Deficiency was not caused solely as a result of the effect of clauses (b) or (c) of the definition of “Advance Rate Reduction Percentage,” to
the Program Agent, for its own account, the “Default Fee” under and as defined in the Fee Letter; and 
 (ix)      ninth, on the Final Collection Date, remit any remaining funds to the Borrower. 

SECTION 2.08. Extension of Commitment Termination Date. The Borrower may, no more frequently than once each year
by delivering written notice to the Managing Agents (with a copy to the Program Agent and the Conduit Lenders), request the Lenders to extend the Commitment Termination Date for an additional 364 days past the then applicable Commitment Termination
Date, with such extension to become effective with respect to any Lender Group, as of the date one or more Committed Lenders having Commitments equal to 100% of such Lender Group’s Lender Group Limit shall in their sole discretion consent to
such extension (the Lenders in such a Lender Group, “Extending Lenders”). Any such request shall be subject to the following conditions: (i) at no time will any Commitment have a term of more than 364 days and, if any such
request would result in a term of more than 364 days, such request shall be deemed to have been made for such number of days so that, after giving effect to such extension on the date requested, such term will not exceed 364 days, (ii) none of
the Lenders will have any obligation to extend any Commitment, (iii) any such extension of the Commitment Termination Date will be effective only upon the written agreement of at least one Committed Lender and the Borrower and (iv) any
request for such extension shall be made at least sixty (60) days prior to the then current Commitment Termination Date. The Managing Agent for each applicable Committed Lender will respond to any such request within thirty (30) days (with
a copy to the Paying Agent) but in any event no earlier than thirty (30) days prior to the then current Commitment Termination Date, provided, that any Managing Agent’s failure to respond within such period shall be deemed to be a
rejection of the requested extension. 
 SECTION 2.09. Payments and Computations, Etc. All amounts to be
paid or deposited by the Borrower or the Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 2:00 p.m. (New York City time) on the day when due in lawful money of the United States of America in
immediately available funds to the Collection Account or such account as the Program Agent or the relevant Managing Agents may designate prior to such payment from time to time in writing. The Borrower and the Servicer (only with respect to amounts
payable pursuant to Section 8.02) shall, to the extent permitted by law, pay to the Affected Party interest on all amounts not paid or deposited or debited by such Person when due hereunder at 2% per annum above the Base Rate from time to
time in effect, payable on demand. All computations of Interest, Liquidity Fees, Servicer Fees and interest hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day)
elapsed; provided, that all computations of Interest calculated at the Base Rate shall be made on the basis of a year of 365 days for the actual number of days (including the first but excluding the last day) elapsed. In no event shall any
provision of this Agreement require the payment or permit the collection of Interest in excess of the maximum permitted by applicable law. In the event that any payment hereunder (whether constituting a repayment of Loans or a payment of Interest or
any other amount) is rescinded or must otherwise be returned for any reason, the amount of such payment shall be restored and such payment shall be considered not to have been made. 

SECTION 2.10. [Reserved]. 
 SECTION 2.11. Interest Protection. 

(a)        If due to either: (i) the introduction of or any change
(including, without limitation, any change by way of imposition or increase of reserve requirements) in or in the 

  
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interpretation by any Governmental Authority of any law or regulation (other than laws or regulations relating to taxes) after the date hereof or (ii) the compliance by any Lender or any
Liquidity Provider with any directive or request from any central bank or other Governmental Authority (whether or not having the force of law) imposed after the date hereof, (1) there shall be an increase in the cost to such Lender or such
Liquidity Provider of funding or maintaining any Loan which accrues Interest at the Adjusted LIBO Rate or the CP Rate hereunder or of extending a commitment in respect thereof, or (2) such Lender or such Liquidity Provider shall be required to
make a payment calculated by reference to any Loan which accrues Interest at the Adjusted LIBO Rate or the CP Rate funded by it or Interest received by it, then the Borrower shall, from time to time, within thirty (30) days after demand by the
related Managing Agent, pay such Managing Agent for the account of such Lender or such Liquidity Provider (as a third party beneficiary, in the case of any Affected Party other than one of the Lenders), that portion of such increased costs incurred,
amounts not received or required payment made or to be made, which such Managing Agent reasonably determines is attributable to funding and maintaining, or extending a commitment to fund, any Loan which accrues Interest at the Adjusted LIBO Rate or
the CP Rate hereunder or pursuant to any Liquidity Agreement or similar liquidity facility. 

(b)        Each Managing Agent will promptly notify the Borrower and the Program
Agent of any event of which it has knowledge, occurring after the date hereof, which will entitle any Lender or related Liquidity Provider in its Lender Group to compensation pursuant to Section 2.11(a). Each Lender or Liquidity Provider will
designate a different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Lender or Liquidity Provider, be otherwise disadvantageous to it or inconsistent with
its internal policies and procedures. In determining the amount of such compensation, such Lender may use any reasonable averaging and attribution methods. The applicable Lender or Liquidity Provider (or such party’s related Managing Agent)
shall submit to the Borrower a certificate in reasonable detail describing such increased costs incurred, amounts not received or receivable or required payment made or to be made, which certificate shall be conclusive in the absence of manifest
error. 
 (c)        Failure or delay on the part of any Managing Agent
to demand compensation pursuant to Section 2.11(a) shall not constitute a waiver of such Managing Agent’s right to demand such compensation; provided that the Borrower shall not be required to compensate any Lender or related Liquidity
Provider pursuant to this Section for any increased capital unless such Managing Agent gives notice to the Borrower and the Program Agent to compensate such Lender or Liquidity Provider pursuant to this Section within 180 days after the date such
Managing Agent knows an event has occurred pursuant to which such Lender or Liquidity Provider will seek such compensation. 
 SECTION 2.12. Increased Capital. 

(a)        If either (i) the introduction of or any change in or in the
interpretation by any Official Body of any law or regulation or (ii) compliance by any Affected Party with (x) any directive or request from any central bank or other Official Body (whether or not having the force of law) imposed after the
date hereof or (y) with the requirements of, whether such compliance is commenced prior to or after the date hereof, any of (a) the FAS 166/67 Rules, (b) Basel II or (c) the Dodd-Frank Act, or any existing or future rules,
regulations, guidance, interpretations or directives from the U.S. bank regulatory agencies relating to the FAS 166/167 Capital Guidelines, Basel II or the Dodd-Frank Act (whether or not having the force of law) affects or would affect the amount of
capital required or expected to be maintained by such Affected Party or such Affected Party reasonably determines that the amount of such capital is increased by or based upon the existence of any Lender’s agreement to make or maintain Loans
hereunder and other similar agreements or facilities and such event would have the effect of reducing the rate of return on capital of such Affected Party by an amount deemed by such Affected Party to be material, then, within thirty (30) days
after demand by such Affected Party or the related Managing 

  
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Agent, the Borrower shall pay to such Affected Party (as a third party beneficiary, in the case of any Affected Party other than one of the Lenders) or the related Managing Agent for the account
of such Affected Party from time to time, as specified by such Affected Party or such Managing Agent, additional amounts sufficient to compensate such Affected Party in light of such circumstances, to the extent that such Affected Party or such
Managing Agent on behalf of such Affected Party reasonably determines such increase in capital to be attributable to the existence of the applicable Lender’s agreements hereunder. 

(b)        Each Managing Agent will promptly notify the Borrower and the Program
Agent of any event of which it has knowledge, occurring after the date hereof, which will entitle any Lender or Affected Party in its Lender Group to compensation pursuant to Section 2.12(a). Each Lender or Affected Party will designate a
different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Lender or Affected Party, be otherwise disadvantageous to it or inconsistent with its internal
policies. In determining the amount of such compensation, such Lender or Affected Party may use any reasonable averaging and attribution methods. The applicable Lender or Affected Party (or such party’s related Managing Agent) shall submit to
the Borrower a certificate describing such compensation, which certificate shall be conclusive in the absence of manifest error. 
 (c)        Failure or delay on the part of any Managing Agent to demand compensation pursuant to Section 2.12(a) shall not constitute a waiver of such Managing
Agent’s right to demand such compensation; provided that the Borrower shall not be required to compensate any Lender or Affected Party in its Lender Group pursuant to this Section for any increased capital unless such Managing Agent gives
notice to the Borrower and the Program Agent to compensate such Lender or Affected Party in its Lender Group pursuant to this Section within 180 days after the date such Managing Agent knows an event has occurred pursuant to which such Lender or
Affected Party in its Lender Group will seek such compensation. 

(f)        If any Lender or Affected Party has, or anticipates having, any claim
for compensation under Section 2.12(a) against the Borrower, and such Affected Party or Lender believes that having the transactions contemplated by this Agreement publicly rated by a Rating Agency or qualifying under the supervisory formula
approach under Basel II would reduce the amount of such compensation by an amount deemed by such Affected Party or Lender to be material, such Affected Party or Lender shall provide a request for Required Data or a Rating Request to the Borrower and
the Servicer. Any Affected Party or Lender may also provide a request for Required Data or a Rating Request to the Borrower and the Servicer at any other time after the Commitment Termination Date. The Borrower and the Servicer shall cooperate with
such Affected Party or Lender’s efforts to obtain Required Data and/or a credit rating from the Rating Agency specified in the Rating Request at the level that reasonably reflects the economics and credit of the Loans at the time of such
request, and shall provide directly or through distribution to such Affected Party or Lender any information such Rating Agency may require for purposes of providing and monitoring the credit rating. The Affected Party or Lender making the Rating
Request shall bear the costs and expenses of providing the Required Data and pay the initial and any subsequent and ongoing fees payable to the Rating Agency in connection with a Rating Request pursuant to this Section 2.12(f). If a credit
rating from each Rating Agency specified in a Rating Request pursuant to this Section 2.12(f) that reasonably reflects the economics and credit of the Loans at the time of such request shall not have been obtained within 60 days following
delivery of such Rating Request as a result of the Borrower’s or the Servicer’s delay or failure to cooperate with respect to such Rating Request, the Termination Date shall be deemed to have occurred until such time as such a credit
rating is obtained. If the Required Data specified in a request for Required Data shall not have been delivered by the Borrower or the Servicer within 60 days following the request for delivery, the Termination Date shall be deemed to have occurred
until such time as the Required Data is obtained. 

  
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 (g)        The Borrower and the
Servicer shall cooperate with such Affected Party’s or such Lender’s efforts to obtain a credit rating from the Rating Agency specified in the Rating Request at the level that reasonably reflects the economics and credit of the Loans at
the time of such request, and shall provide directly or through distribution to the Program Agent any information such Rating Agency may require for purposes of providing and monitoring the credit rating. Such Affected Party or Lender, as
applicable, shall pay the initial and any subsequent or ongoing fees payable to the Rating Agency in connection with a Rating Request pursuant to this Section 2.12(f) and (g). 

SECTION 2.13. Funding Losses. In the event that any Liquidity Provider or any Lender shall incur any loss, expense
or Liquidation Fees (including, without limitation, any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Liquidity Provider or Lender in order to fund or maintain any Loan or interest
therein) as a result of (i) any reduction of the Principal Amount of any Loan at any time other than in accordance with this Agreement or (ii) the failure of the Borrower to accept the proceeds of any Loan in accordance with a request
therefor under Section 2.02, then, upon demand from the related Managing Agent to Borrower, Borrower shall pay to such Managing Agent for the account of such Liquidity Provider or Lender, the amount of such loss, expense or Liquidation Fees.
Such written notice shall, in the absence of manifest error, be conclusive and binding upon Borrower. 
 SECTION
2.14. Taxes. 
 (a)        Except to the extent required by
applicable law, any and all payments and deposits required to be made hereunder or under any instrument delivered hereunder by the Borrower hereunder shall be made free and clear of and without deduction for Taxes. If the Borrower or the Servicer
shall be required by law to make any deduction for Indemnified Taxes, (i) the Borrower shall make an additional payment to such Affected Party, in an amount sufficient so that, after making all required deductions (including deductions
applicable to additional sums payable under this Section 2.14), such Affected Party receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower (or the Servicer, on its behalf) shall make
such deductions and (iii) the Borrower (or the Servicer, on its behalf) shall pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable law. If Borrower or Servicer is required by law to
deduct any Excluded Taxes, then (A) Borrower or Servicer, as applicable, shall make such deductions, (B) the Borrower or Servicer, as applicable, shall pay the amount deducted to the relevant taxing authority or other authority in
accordance with applicable law, and (C) the amounts so deducted and paid to the relevant taxing authority shall be treated under this Agreement as made to the Affected Party. 

(b)        In addition, the Borrower agrees to pay any present or future stamp or
other documentary Taxes or any other excise or property taxes or similar levies which arise from any payment made hereunder or under any instrument delivered hereunder or from the execution, delivery or registration of, or otherwise with respect to,
this Agreement or any instrument delivered hereunder. 
 (c)        (1)
Each Affected Party that is a “United States person” within the meaning of Section 7701(a)(30) of the Code agrees to complete and to deliver to the Borrower on or before the Effective Date (or, if later, on or prior to the date it
becomes a party to this Agreement) a duly completed and executed copy of Internal Revenue Service Form W-9 or successor form establishing that the Affected Party is a United States person that is not subject to U.S. backup withholding Tax.

     (2)  Each Affected Party which is not organized under the laws of the
United States or any State thereof shall timely deliver to the Borrower such properly completed and executed documentation prescribed by applicable laws or by the taxing authorities of any jurisdiction and such other reasonably requested information
as will permit the 

  
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Borrower or Servicer, as the case may be, to determine (A) whether or not payments made hereunder are subject to Taxes, (B) if applicable, the required rate of withholding or deduction,
and (C) such Affected Party’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such Affected Party by the Borrower pursuant to this Agreement or otherwise to establish
such Affected Party’s status for withholding tax purposes in the applicable jurisdiction. Without limiting the generality of the foregoing, each Affected Party which is not organized under the laws of the United States or any State thereof
shall, on or prior to the date that such Affected Party becomes a party to or obtains rights under this Agreement, and prior to any payment being made by the Borrower to such Affected Party, deliver to the Borrower: (i) two duly completed and
executed copies of the Internal Revenue Service Form W-8BEN or W-8ECI (or any successor form) as applicable; and (ii) to the extent it may lawfully do so, such other forms or certificates as may be required under the laws of any applicable
jurisdiction (on or before the date that any such form expires or becomes obsolete), in order to permit the Borrower to make payments to, and deposit funds to or for the account of, such Affected Party hereunder and under the other Facility
Documents without any deduction or withholding for or on account of any tax. Each such Affected Party, to the extent it may lawfully do so, shall submit to the Borrower (with copies to the Program Agent) two updated, completed, and duly executed
versions of: (i) all forms referred to in the previous sentence upon the expiry of, or the occurrence of any event requiring a change in, the most recent form previously delivered by it to the Borrower or the substitution of such form; and
(ii) such extensions or renewals thereof as may reasonably be requested by the Borrower. 

    (3)  Each Affected Party shall deliver to the Borrower such other tax forms or other
documents as shall be prescribed by applicable law, to the extent applicable, (x) to demonstrate that payments to such Affected Party under this Agreement and the Loans are exempt from any United States withholding tax imposed pursuant to FATCA
or (y) to allow the Borrower to determine the amount to deduct or withhold under FATCA from a payment hereunder. Each Affected Party further agrees to complete and to deliver to the Borrower from time to time, so long as it is eligible to do
so, any successor or additional form required by the Internal Revenue Service or reasonably requested by the Borrower in order to secure an exemption from, or reduction in the rate of, U.S. withholding tax. 

(d)        If the Borrower is required to pay additional amounts to or for the
benefit of any Affected Party pursuant to this Section as a result of a change of law or treaty occurring after such Affected Party first became a party to this Agreement, such Affected Party will, at the Borrower’s request, change the
jurisdiction of its applicable lending office if, in the sole judgment of such Affected Party, such change (i) will eliminate or reduce any such additional payment which may thereafter accrue and (ii) is not otherwise disadvantageous to
such Affected Party. 
 (e)        If the Internal Revenue Service or
any other governmental authority of the United States or other jurisdiction asserts a claim that Borrower or Servicer did not properly withhold tax from amounts paid to or for the account of any Affected Person due to a failure on the part of the
Affected Person (because the appropriate form was not delivered, was not properly executed, or because such Affected Person failed to notify Borrower or Servicer of a change in circumstances which rendered the exemption from, or reduction of,
withholding tax ineffective, or for any other reason) such Affected Person shall indemnify and hold Borrower and Servicer harmless for all amounts paid, directly or indirectly, by Borrower or Servicer, as tax or otherwise, including penalties and
interest, and including any taxes imposed by any jurisdiction on the amounts payable to Borrower or Servicer under this Section 2.14, 

  
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together with all costs and expenses (including attorneys fees and expenses). The obligation of the Affected Persons under this subsection shall survive the payment of all obligations under this
Agreement. 
 (f)        If any Affected Party determines that it has
received a refund of any Taxes as to which it has been indemnified by Borrower or Servicer or with respect to which Borrower or Servicer has paid additional amounts pursuant to this Section 2.14 it shall promptly pay over such refund to Borrower or
Servicer, as applicable, (but only to the extent of payments made, or additional amounts paid, by Borrower under this Section 2.14 with respect to Taxes giving rise to such a refund), net of all reasonable out-of-pocket expenses of such Affected
Party and without interest (other than any interest paid by the relevant governmental authority with respect to such a refund) 
 SECTION 2.15. Security Interest. 

(a)        As security for the performance by the Borrower of all the terms,
covenants and agreements on the part of the Borrower to be performed under this Agreement or any other Facility Document, including the payment when due of all Borrower Obligations, the Borrower hereby grants to the Program Agent, for the benefit of
the Secured Parties, a security interest in all of the Borrower’s right, title and interest in, to and under the following, whether now owned or hereafter acquired, now existing or hereafter created, and wherever located (collectively, the
“Collateral”): 

(i)         each Contract owned by the Borrower and each of
the following items with respect to such Contract: 

(A)        the Contract Debtor Documents; 

(B)        the Contract Rights; 

(C)        any Supporting Obligations; 

(D)        any payments from a bank account of, and any
electronic funds transfers from, any Contract Debtor or Contract Rights Payor (subject to the terms and conditions of the Master Agency Agreement); 

(E)        any associated chattel paper, lease, instrument,
installment sale contract or installment loan contract; 

(F)        any contract purchase discount; 

(G)        any rights of the Borrower to dealer reserves or rate
participation with respect to such Contract, if any; 

(H)        any money, payments or proceeds of any insurance
policies with respect to any or all Contracts or any Financed Vehicles with respect to which the Borrower is solely or jointly the owner or is insured or is the loss payee or is a beneficiary, including, without limitation, any Insurance Proceeds;

 (I)          all accessions to,
substitutions for and all replacements and products of, any of the foregoing property; and 

  
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 (J)        all
moneys, instruments and other proceeds of the foregoing (all of the foregoing items in this Section 2.15(a)(i) with respect to all Pledged Contracts being the “Contract Collateral”); 

(ii)          all of the following items owned by the
Borrower, whether now owned or hereafter acquired, now existing or hereafter created and wherever located, except to the extent the same constitutes the Contract Collateral: 

(A)        all chattel paper, accounts, goods, investment
property, letters of credit, letter-of-credit rights, leases, instruments, installment sales contracts, installment payment contracts, general intangibles, payment intangibles, promissory notes, and Supporting Obligations relating thereto;

 (B)        the Demand Note, all rights to payment
thereunder and all rights to payments required to be made thereunder; 

(C)        all deposit accounts and other bank accounts or
securities accounts (subject to the terms and conditions of the Master Agency Agreement); 

(D)        the Collection Account, together with all Permitted
Investments and all money, investment property, instruments and other property on deposit from time to time in, credited to or related to the Collection Account (including any subaccounts of any such account), and in all interest, dividends,
earnings, income and other distributions from time to time received, receivable or otherwise distributed or distributable thereto or in respect thereof (including any accrued discount realized on liquidation of any investment purchased at a
discount); 
 (E)        each Interest Rate Hedge
Agreement and all Hedge Receipts; 
 (F)        all
present and future claims, demands, causes and choses in action in respect of any or all of the foregoing and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all
proceeds, products, rents, receipts or profits of the conversion, voluntary or involuntary, into cash or other property, all cash and non-cash proceeds, and other property consisting of, arising from or relating to all or any part of any of the
foregoing; 
 (G)        all rights, remedies, powers,
privileges and claims of the Borrower under or with respect to the Purchase Agreement and the Custodial Agreement (whether arising pursuant to the terms of the Purchase Agreement or the Custodial Agreement or otherwise available to the Borrower at
law or in equity), including the rights of Borrower to enforce the Purchase Agreement and the Custodial Agreement, and to give or withhold any and all consents, requests, notices, directions, approvals, extensions or waivers under or with respect to
the Purchase Agreement or the Custodial Agreement to the same extent as the Borrower could but for the assignment and security interest granted to the Program Agent for the benefit of the Secured Parties; 

(H)        all monies, instruments, investment property and
other property distributed or distributable in respect of (together with all earnings, dividends, distributions, income, issues, and profits relating to) any of the foregoing; and 

(I)          all other property of the Borrower;

  
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 (J)        all
proceeds of the foregoing (all of the foregoing items in this Section 2.15(a)(ii) being the “Non-Contract Collateral”). 
 (b)        The Borrower hereby authorizes the filing of financing statements, and continuation statements and amendments thereto and assignments thereof, describing
the collateral covered thereby as “all of debtor’s personal property or assets” or words to that effect, notwithstanding that such wording may be broader in scope than the collateral described in this Section 2.15. The Borrower
authorizes the Program Agent to file financing or continuation statements, and amendments thereto and assignments thereof, relating to the Pledged Contracts and the other Collateral without the signature of the Borrower. A photocopy or other
reproduction of this Agreement shall be sufficient as a financing statement where permitted by law. This Agreement shall constitute a security agreement under applicable law. 

(c)        The Borrower represents and warrants that each remittance of
Collections to the Program Agent or the Lenders hereunder will have been (i) in payment of a debt incurred in the ordinary course of business or financial affairs and (ii) made in the ordinary course of business or financial affairs.

 SECTION 2.16. Demand Note. On the Closing Date, the Borrower will deliver the Demand Note to the
Program Agent. The Borrower hereby authorizes the Program Agent to demand payment on the Demand Note at any time during the period commencing on the Closing Date and ending on the Final Collection Date, and hereby acknowledges and agrees that the
Program Agent may exercise any and all rights and remedies of the Borrower under or in connection with the Demand Note, including, without limitation, any and all rights of the Borrower to demand or otherwise require payment of any amount under, or
performance of any provision of, the Demand Note; provided, that notwithstanding the foregoing, the Program Agent agrees that it will not demand payment on the Demand Note after the Termination Date so long as all of the following
conditions are satisfied: (i) the Termination Date occurred solely as a result of the occurrence of the Commitment Termination Date, (ii) at all times following the Termination Date the percentage equivalent of a fraction, the numerator of
which is the Outstanding Loan Amount and the denominator of which is the aggregate Principal Balances of all Eligible Contracts is greater than or equal to the Advance Rate in effect on the Termination Date, (iii) no Event of Termination or
Servicer Default has occurred and is continuing and (iv) if the Outstanding Loan Amount is less than or equal to 5.00% of the Outstanding Loan Amount as of the close of business on the Termination Date, the Borrower has not breached its
obligation to prepay the Outstanding Loan Amount in full pursuant to the last sentence of Section 2.05(b) hereof. The Program Agent shall deposit all amounts received from DTAC under the Demand Note to the Collection Account and such amounts
shall be treated as Finance Charge Collections or Principal Collections for purposes of Sections 2.06 and 2.07 hereof, as determined by the Program Agent in its sole discretion. 

(b)        The Borrower agrees (i) to instruct DTAC to comply with the
instructions of the Program Agent as described in this Section 2.16, (ii) to instruct DTAC that no payment shall be made under the Demand Note other than at the direction of the Program Agent and (iii) if the Borrower shall receive
any payment from DTAC under the Demand Note, it shall so notify the Program Agent and deposit such payments into the Collection Account or as otherwise directed by the Program Agent within one Business Day following receipt thereof. Any payment
received by the Borrower under or in connection with the Demand Note shall be received in trust for the benefit of the Program Agent, shall be segregated from other funds of the Borrower and shall be forthwith paid over to the Program Agent in the
same form received (with any necessary indorsement). During the period from the Closing Date until the Final Collection Date, the Borrower will not consent to any amendment or modification of the Demand Note without the prior written consent of the
Program Agent. 

  
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 (c)        The Borrower hereby
irrevocably appoints the Program Agent as the Borrower’s attorney-in-fact, with full authority in the place and stead of the Borrower and in the name of the Borrower or otherwise, from time to time to take any action and to execute any
instrument which the Program Agent may deem necessary or appropriate in order to exercise its remedies hereunder with respect to the Demand Note, including, without limitation, (i) to ask, demand, collect, sue for, recover, compromise, receive
and give acquittance and receipts for monies due and to become due under or in connection with the Demand Note, (ii) to receive, indorse and collect any drafts or other instruments, documents, security certificates and chattel paper in
connection therewith, and (iii) to file any claims or take any action or institute proceeding which the Program Agent may deem necessary or desirable for the collection of the Demand Note or otherwise to enforce compliance with the terms,
conditions or rights of the Program Agent with respect to the Demand Note. 

(d)        The powers conferred on the Program Agent pursuant to this
Section 2.16 are solely to protect its interest in the Demand Note and shall not impose any duty upon it to exercise any such powers. Except for the accounting for moneys actually received by it hereunder, the Program Agent shall have no duty
with respect to the Demand Note, as to ascertaining or taking any action with respect to matters relative to the Demand Note, whether or not the Program Agent is deemed to have knowledge of such matters, or as to the taking of any necessary steps to
preserve rights against other parties or any other rights pertaining to the Demand Note. 
 SECTION
2.17.  Evidence of Debt.  Each Lender shall maintain an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the
outstanding principal balance of such Loans and the amount of Interest payable and paid to such Lender from time to time hereunder. The entries made in such accounts of the Lenders shall be prima facie evidence of the existence and amounts of
the obligations recorded therein; provided, however, that the failure of any Lender to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this
Agreement. 
 SECTION 2.18.  Certain Transactions.  The Borrower may from time to
time enter into, or participate in, Contract Disposition Transactions pursuant to which the Borrower sells some or all of the Pledged Contracts as of a specified cut-off date if (i) the net proceeds payable to the Borrower in connection with
any such Contract Disposition Transaction are equal to or greater than the Required Takeout Price on the date of such sale, (ii) the Pledged Contracts to be included in such Contract Disposition Transaction are selected by the Borrower, DTCC or
DTAC in a manner consistent with customary practices for term asset-backed securities transactions or whole loan sales transactions and not in a manner intended to, or that could be reasonably expected to materially and adversely affect the
interests of the Program Agent or the Secured Parties and (iii) the Borrower has directed the buyer of the Pledged Contracts to be included in such Contract Disposition Transaction in writing (with a copy to the Program Agent) to remit all such
net proceeds of its purchase of such Pledged Contracts directly to the Collection Account. Upon receipt by the Program Agent of confirmation that the net proceeds of the purchase price for the Pledged Contracts that are included in any Contract
Disposition Transaction have been credited to the Collection Account, (x) the Program Agent shall apply such net proceeds to reduce the Outstanding Loan Amount ratably among all Lenders and to pay any other Borrower Obligations included in the
calculation of the Required Takeout Price and (y) the related Contract Documents shall be released to the buyer thereof and the Program Agent shall execute and deliver such instruments of release, prepared by and at the expense of the Borrower,
in each case without recourse, representation or warranty, as shall be necessary to release the Program Agent’s security interest therein. In connection with any sale of Pledged Contracts by the Borrower in connection with a Contract
Disposition Transaction, the Servicer shall deliver a Borrowing Base Certificate (after giving effect to such Contract 

  
 61 

 
Disposition Transaction) to the Backup Servicer and each Managing Agent and make appropriate entries in its general accounting records to reflect the sale of the applicable Pledged Contracts.

 SECTION 2.19.  Release of Lien.  In connection with (a) any repurchase of
Pledged Contracts by Originator from the Borrower pursuant to the Purchase Agreement or (b) any sale of Pledged Contracts pursuant to Section 2.18, and promptly following the Final Collection Date, the Program Agent agrees, at the
Borrower’s expense, and without recourse, representation or warranty, to execute, deliver, file and record any release, document or other instrument and take such action that may be necessary or that the Borrower may reasonably request, to
evidence the release by the Program Agent of its security interest in the applicable Pledged Contracts and related Collateral. 
 SECTION 2.20.   The Collection Account. 

(a)        On or prior to the Closing Date, the Borrower shall establish and
shall thereafter maintain an Eligible Account in the name of the Borrower for the purpose of receiving Collections (the “Collection Account”). The taxpayer identification number associated with the Collection Account shall be that
of the Borrower and the Borrower will report for Federal, state and local income taxes, the income, if any, represented by the Collection Account. 

(b)        The Collection Account shall initially be
established at Wells Fargo Bank, National Association. Wells Fargo Bank, National Association hereby confirms that it is a national banking association and shall act as a “securities intermediary” (as defined in Section 8-102 of the
UCC) and a “bank” (as defined in Section 9-102 of the UCC) hereunder (in such capacities, the “Securities Intermediary”) with respect to the Collection Account and that the account number of the Collection Account is
[*]. 

(c)        The Collection Account shall be a “securities account” as
defined in Section 8-501 of the UCC and shall be maintained by the Securities Intermediary as a securities intermediary in the name of the Borrower, subject to the lien of the Program Agent, for the benefit of the Secured Parties. The
Securities Intermediary shall treat the Program Agent as the “entitlement holder” (within the meaning of Section 8-102(a)(7) of the UCC) in respect of all “financial assets” (within the meaning of Section 8-102(a)(9) of
the UCC) credited to the Collection Account; 
 (d)        The
Securities Intermediary hereby confirms and agrees that: 

  (i)        the Securities Intermediary shall not
change the name or account number of the Collection Account without the prior written consent of the Program Agent; 
   (ii)       all securities or other property underlying any financial assets (as hereinafter defined) credited to the Collection Account shall be registered
in the name of the Securities Intermediary, indorsed to the Securities Intermediary or indorsed in blank or credited to another securities account maintained in the name of the Securities Intermediary, and in no case will any financial asset
credited to the Collection Account be registered in the name of the Borrower or any other Person, payable to the order of the Borrower or specially indorsed to the Borrower or any other Person, except to the extent the foregoing have been specially
indorsed to the Program Agent, for the benefit of the Secured Parties, or in blank; 
  
  

 

*  Confidential information on this page has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a Confidential Treatment Request. 

  
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   (iii)      all
property transferred or delivered to the Securities Intermediary pursuant to this Agreement will be promptly credited to the Collection Account; 

  (iv)      the Collection Account is an account to which
financial assets are or may be credited, and the Securities Intermediary shall, subject to the terms of this Agreement, treat each of the Borrower and the Servicer as entitled to exercise the rights that comprise any financial asset credited to each
such account; 
   (v)       the Securities
Intermediary shall promptly deliver copies of all statements, confirmations and other correspondence concerning the Collection Account and/or any financial assets credited thereto simultaneously to each of the Servicer (on behalf of the Borrower)
and the Program Agent at the address for each set forth on Schedule II to this Agreement; and 

  (vi)      notwithstanding the intent of the parties hereto, to
the extent that Collection Account shall be determined to constitute a “deposit account” within the meaning of Section 9-102(a)(29) of the UCC, the Collection Account shall be subject to the exclusive control of the Program Agent, for
the benefit of the Secured Parties, and the Securities Intermediary will comply with instructions originated by the Program Agent directing disposition of the funds in the Collection Account without further consent by the Borrower or the Servicer;
provided that, notwithstanding the foregoing, until such time as the Securities Intermediary receives a Notice of Exclusive Control (as defined below), the Program Agent hereby authorizes the Securities Intermediary to honor all withdrawal,
payment, transfer or other instructions directing disposition of the funds in the Collection Account received from the Borrower or the Servicer, on its behalf. 
 (e)        The Securities Intermediary hereby agrees that each item of property (including, without limitation, any investment property, financial asset, security,
instrument or cash) credited to the Collection Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC. 

(f)         Except as otherwise set forth in Section 2.20(g) and (h),
the Securities Intermediary will comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the UCC) (“Entitlement Orders”) originated by the Borrower or by the Servicer. Neither the Servicer nor the
Borrower shall directly make any withdrawals from the Collection Account. 

(g)        If at any time the Securities Intermediary shall receive any
Entitlement Order from the Program Agent (i.e., an order directing a transfer or redemption of any financial asset in the Collection Account), or any “instruction” (within the meaning of Section 9-104 of the UCC), originated by the
Program Agent, the Securities Intermediary shall comply with such Entitlement Order or instruction without further consent by the Borrower, the Servicer or any other Person. Notwithstanding the foregoing, the parties hereto agree that the Securities
Intermediary will comply with the following with respect to any Entitlement Order or instruction: (i) until its receipt of a Notice of Exclusive Control (as defined below) with respect to the financial assets in the Collection Account, any cash
received into the Collection Account may be invested in Permitted Investments selected by the Borrower or by the Servicer; and (ii) from and after its receipt of a Notice of Exclusive Control (as defined below), with respect to the financial
assets in the Collection Account and without further consent of the Borrower, the Servicer or any other Person, any cash received into the Collection Account, may be invested in Permitted Investments selected by the Program Agent, for the benefit of
the Secured Parties. 
 (h)        Upon receipt by the Securities
Intermediary of a written notice substantially in the form of Exhibit K hereto (a “Notice of Exclusive Control”), the Securities Intermediary will take all 

  
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Entitlement Orders, instructions or other directions it receives from the Program Agent, on behalf of the Secured Parties, with respect to the Collection Account, without further consent by the
Borrower, the Servicer or any other Person, and shall cease complying with Entitlement Orders, instructions or other directions concerning the Collection Account originated by the Borrower, the Servicer or any other Person. 

(i)         In the event that the Securities Intermediary has or
subsequently obtains by agreement, by operation of law or otherwise a security interest in any of the Collection Account or any financial assets, funds, cash or other property credited thereto or any security entitlement with respect thereto, the
Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interest of the Program Agent, for the benefit of the Secured Parties. Notwithstanding the preceding sentence, the financial assets, funds, cash
or other property credited to any of the Collection Account will not be subject to deduction, set-off, banker’s lien, or any other right in favor of any Person other than the Program Agent, for the benefit of the Secured Parties (except that
the Securities Intermediary may set-off (i) all amounts due to the Securities Intermediary in respect of customary fees and expenses for the routine maintenance and operation of the Collection Account, and (ii) the face amount of any
checks that have been credited to the Collection Account but are subsequently returned unpaid because of uncollected or insufficient funds). 
 (j)         Regardless of any provision in any other agreement, for purposes of the UCC, New York shall be deemed to be the “bank’s
jurisdiction” (within the meaning of Section 9-304 of the UCC) and the “security intermediary’s jurisdiction” (within the meaning of Section 8-110 of the UCC). 

SECTION 2.21.  The Paying Agent. 

(a)        The Borrower hereby appoints Wells Fargo Bank, National Association as
the initial Paying Agent. All payments of amounts due and payable in respect of the Borrower Obligations that are to be made from amounts withdrawn from the Collection Account pursuant to Sections 2.06 or 2.07 shall be made on behalf of the Borrower
by the Paying Agent. The Paying Agent hereby agrees that subject to the provisions of this Section, it shall: 
   (i)        hold any sums held by it for the payment of amounts due with respect to the Borrower Obligations in trust for the benefit of the Persons
entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided and pay such sums to such Persons as herein provided; 

  (ii)       give the Program Agent notice of any default
by the Borrower of which it has actual knowledge in the making of any payment required to be made with respect to the Borrower Obligations; 
   (iii)      at any time during the continuance of any such default, upon the written request of the Program Agent, forthwith pay to the Program Agent any sums so
held in trust by such Paying Agent; 

  (iv)      immediately resign as a Paying Agent and forthwith
pay to the Program Agent any sums held by it in trust for the payment of Notes if at any time it ceases to meet the requirements set forth in Section 2.20(b); 

  (v)       comply with all requirements of the Code and
any applicable State law with respect to the withholding from any payments made by it in respect of any Borrower Obligations of any applicable withholding taxes imposed thereon and with respect to any

  
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applicable reporting requirements in connection therewith; and 
   (vi)      provide to the Managing Agents such information as is required to be delivered under the Code or any State law applicable to the particular Paying
Agent, relating to payments made by the Paying Agent under this Agreement. 

(b)        Each Paying Agent (other than the initial Paying Agent) shall be
appointed by the Borrower with the prior written consent of the Program Agent. The Borrower shall not appoint any Paying Agent which is not, at the time of such appointment, a depository institution or trust company that (i) is incorporated
under the laws of the United States of America or any State thereof, (ii) is subject to supervision and examination by federal or state banking authorities and (iii) has outstanding unsecured commercial paper or other short-term unsecured
debt obligations that are rated “A-1+” by S&P or “Prime-1” by Moody’s (or its equivalent). 
 (c)        Each Managing Agent (on behalf of the Lenders in its related Lender Group) shall furnish to the Paying Agent, no later than the second calendar day prior
to each Settlement Date, wiring instructions for all payments to be made to such Managing Agent or the related Lenders on such Settlement Date. 
 (d)        On the Final Collection Date, all funds then held by any Paying Agent other than the Program Agent under this Agreement shall, upon demand of the
Borrower, be paid to the Program Agent to be held and applied according to Section 2.07, and thereupon such Paying Agent shall be released from all further liability with respect to such funds. 

ARTICLE III 

CONDITIONS OF EFFECTIVENESS AND LOANS 
 SECTION 3.01.  Conditions Precedent to Effectiveness.  As conditions precedent to the effectiveness of this Agreement, and the initial Borrowing hereunder (i) the Managing
Agents shall have received each of the documents, instruments, legal opinions and other agreements listed on Exhibit G that are required to be delivered on or prior to the date hereof, together with all fees due and payable on the date hereof;
(ii) since December 31, 2010, no event has occurred which would have a Material Adverse Effect and (iii) each Managing Agent shall have completed satisfactory due diligence and audits with respect to the Originator, the Borrower, the
Servicer, the Performance Guarantors and the Contracts and each Lender shall have received all necessary credit approvals in order to consummate the transactions contemplated by this Agreement. 

SECTION 3.02.  Conditions Precedent to All Borrowings and Releases.  Each Borrowing
(including, without limitation, the Initial Borrowing) made by the Lenders to the Borrower and each Release, shall be subject to the further conditions precedent that on the date of each Borrowing or Release, each of the following shall be true and
correct both before and immediately after giving effect to such Borrowing or Release, as applicable: 

(a)        each Managing Agent shall have received from the Servicer each of the
Monthly Report and the Monthly Serviced Portfolio Report most recently required to be delivered pursuant to Section 5.05(g) hereof and the officer certificate most recently required to be delivered pursuant to Section 5.05(i) hereof.

 (b)        the representations and warranties contained in Article IV
shall be true and correct in all material respects on and as of such date as though made on and as of such date unless such 

  
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representations and warranties by their terms refer to an earlier date, in which case they shall be true and correct in all material respects on and as of such earlier date; 

(c)        no event has occurred and is continuing, or would result from such
Borrowing or Release which constitutes an Event of Termination, a Servicer Default, an Incipient Event of Termination or an Incipient Servicer Default; 
 (d)        the Termination Date has not occurred; 
 (e)        the Borrower shall have timely made all of the deliveries under Sections 2.01, 2.02 and 2.03 of the Custodial Agreement with respect to all Eligible
Contracts; 
 (f)         the Custodian shall have timely made all
deliveries under Sections 3.01, 3.02, 3.03 and 3.04 of the Custodial Agreement with respect to all Eligible Contracts; 
 (g)        the Borrower shall have delivered to the Backup Servicer and each Managing Agent a Borrowing Base Certificate which reflects all Eligible Contracts as of
the close of business on the day preceding the Borrowing Date and not later than 1:00 p.m. (New York City time) on the requested Borrowing Date the Backup Servicer shall have confirmed to each Managing Agent the accuracy of the information set forth
in such Borrowing Base Certificate and shall not have noted any exceptions with respect thereto (except any such exceptions which the Managing Agents shall have waived in writing); 

(h)        the weighted average APR of the Pledged Contracts shall exceed 18%;

 (i)         before and after giving effect to such Borrowing or
Release, no Borrowing Base Deficiency shall exist; and 

(j)         only with respect to any such Borrowing requested to be made by
a Conduit Lender, the related Managing Agent shall not have delivered to the Borrower a notice stating that such Conduit Lender shall not make any further Loans hereunder. 
 Each delivery of a Borrowing Request to the Program Agent, and the acceptance by the Borrower of the proceeds of any Borrowing or any Release, shall constitute a representation and warranty by the
Borrower that, as of the date of such Borrowing or Release, both before and after giving effect thereto and the application of the proceeds thereof, each of the applicable statements set forth in clauses (a) through (f) above are true and
correct to the extent set forth in such clauses. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 
 SECTION 4.01.  Representations and Warranties of the Borrower.    The Borrower represents and warrants as of the Closing Date and on each date a Loan or a Release is
made as follows: 
 (a)        Due Formation and Good Standing.
The Borrower is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business, and is in good standing, in every jurisdiction where the nature of its
business requires it to be so qualified. 
 (b)        Due
Authorization and No Conflict. The execution, delivery and performance by the Borrower of this Agreement, the Purchase Agreement and all other Facility Documents to which it is a party, and the transactions contemplated hereby and thereby, are
within the Borrower’s limited liability 

  
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company powers, have been duly authorized by all necessary limited liability company action and do not contravene or constitute a default under, any provision of applicable law or of the
Borrower’s certificate of formation or of the limited liability company agreement or of any agreement, judgment, injunction, decree or other instrument binding upon the Borrower or result in the creation or imposition of any Adverse Claim on
any asset of the Borrower. This Agreement, the Purchase Agreement and the other Facility Documents to which the Borrower is a party have been duly executed and delivered on behalf of the Borrower. 

(c)        Governmental Consent.   No authorization or
approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower of this Agreement, the Purchase Agreement or any other agreement, document or
instrument to be delivered by it hereunder that has not already been given or obtained, except for filings under the UCC required under Article III. 
 (d)        Enforceability of Facility Documents.   Each of this Agreement, the Purchase Agreement and each other Facility Document to be
delivered by the Borrower in connection herewith, constitutes the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, subject to the Enforceability Exceptions. 

(e)        No Litigation.  There are no actions, suits or
proceedings pending, or to the knowledge of the Borrower threatened, against the Borrower or the property of the Borrower, in any court, or before any arbitrator of any kind, or before or by any Governmental Authority. The Borrower is not in default
with respect to any order of any court, arbitrator or Governmental Authority. 

(f)         Perfection Representations. 

  (i)          This Agreement creates a
valid and continuing security interest in the Borrower’s right, title and interest in, to and under the Collateral in favor of the Program Agent, which security interest is prior to all other Liens (other than Permitted Liens), and is
enforceable against creditors of, and purchasers from, the Borrower; 

  (ii)         The Borrower has taken all steps
necessary to perfect its security interest against the Contract Debtors in the Financed Vehicles and other property securing the Pledged Contracts; 

  (iii)        The Pledged Contracts constitute
“tangible chattel paper” within the meaning of UCC Section 9-102; 

  (iv)        Immediately prior to the grant by the
Borrower of a security interest to the Program Agent hereunder, the Borrower owns and has good and marketable title to the Collateral, free and clear of any Lien, claim or encumbrance of any Person (other than Permitted Liens); 

  (v)         The Borrower has caused, or will
have caused within ten (10) days after the date hereof or any applicable Borrowing Date, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect
the Program Agent’s first priority security interest in the Collateral; 

  (vi)        Other than the security interest granted
to the Program Agent for the benefit of the Secured Parties pursuant to this Agreement, the Borrower has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Collateral, except

  
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as permitted by this Agreement and the other Facility Documents. The Borrower has not authorized the filing of and is not aware of any financing statements against the Borrower that include a
description of collateral covering the Collateral other than any financing statement (i) in favor of the Program Agent or (ii) that has been terminated. The Borrower is not aware of any judgment lien or tax lien filings against the
Borrower; 
   (vii)       Immediately prior to
the pledge hereunder, the Borrower or the Custodian has in its possession all original copies of the Contracts and related Contract Debtor Documents. None of the Contracts or related Contract Debtor Documents has any marks or notations indicating
that they have been pledged, assigned or otherwise conveyed to any Person. All financing statements filed or to be filed against the Borrower in favor of the Program Agent in connection herewith describing the Collateral contain a statement to the
effect that “A purchase of or security interest in any collateral described in this financing statement will violate the rights of the secured party”; 

  (viii)      Notwithstanding any other provision of this
Agreement or any other Facility Document, the representations contained in this Section 4.01(f) shall be continuing and remain in full force and effect. 
 (g)        Compliance with Laws.  The Borrower has complied in all material respects with all applicable laws, rules, regulations, orders, writs,
judgments, injunctions, decrees or awards to which it may be subject. 

(h)        Accuracy of Information.  The information, reports,
financial statements, exhibits and schedules furnished in writing by or on behalf of the Borrower to the Program Agent, any Managing Agent or any Lender in connection with the negotiation, preparation or delivery of this Agreement and the other
Facility Documents or included herein or therein or delivered pursuant hereto or thereto, when taken as a whole, do not contain any untrue statement of material fact or omit to state any material fact necessary to make the statements herein or
therein, in light of the circumstances under which they were made, not misleading. All written information furnished after the date hereof by or on behalf of the Borrower to the Program Agent, any Managing Agent or any Lender in connection with this
Agreement and the other Facility Documents and the transactions contemplated hereby and thereby will be true, complete and accurate in every material respect, or (in the case of projections) based on reasonable estimates, on the date as of which
such information is stated or certified. There is no fact known to a Responsible Officer that, after due inquiry, could reasonably be expected to have a Material Adverse Effect that has not been disclosed herein, in the other Facility Documents or
in a report, financial statement, exhibit, schedule, disclosure letter or other writing furnished to the Program Agent, any Managing Agent or any Lender for use in connection with the transactions contemplated hereby or thereby. The Borrower has
delivered all documents required to be delivered pursuant to Section 5.02(l). There is no action pending or threatened by any creditor of any DT Entity against any collateral for any Indebtedness of any DT Entity. 

(i)         Location of Records; Organizational Identification
Number.  The locations of the offices where the Borrower keeps all the Records are listed on Exhibit E. The Borrower’s federal employer identification number is 26-1209912 and its organizational identification number is 4435741.
The Borrower is organized solely under the laws of the State of Delaware. 

(j)         Collection Information; Master Agency
Agreement.  The names and addresses of all the Approved Sub-servicers, Depository Account Banks and Lock-Box Processors, together with the addresses of the Lock-Boxes and the account numbers of the Depository Accounts are as specified
in Exhibit F. The Lock-Boxes set forth on Exhibit F are the only addresses to which Contract Debtors and 

  
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Approved Sub-servicers of Pledged Contracts are directed to make payment. The Depository Accounts set forth on Exhibit F are the only accounts (other zero-balance accounts) to which Contract
Debtors, Approved Sub-servicers or Lock-Box Processors remit Collections of Pledged Contracts by wire transfer or electronic funds transfer. Exhibit N hereto is a full, complete and correct copy of the Master Agency Agreement and such agreement has
not been modified and is in full force and effect. There are no agreements or understandings relating to the Master Agency Agreement that are not fully and accurately described in Exhibit N. No DT Entity has granted any Person, other than Wells
Fargo Bank, National Association under the Master Agency Agreement, “control” (within the meaning of Section 9-102 of any applicable enactment of the UCC) of any Depository Account or the right to take control of any Depository
Account at a future time or upon the occurrence of a future event. 

(k)         No Trade Names.  The Borrower has no, and has
not used any, trade names, fictitious names, assumed names or “doing business as” names. 

(l)          Investments.  The Borrower does not own
or hold, directly or indirectly (i) any capital stock or equity security of, or any equity interest in, any Person or (ii) any debt security or other evidence of indebtedness of any Person, except for Permitted Investments and as otherwise
contemplated by the Facility Documents. The Borrower has no Subsidiaries. 

(m)        Facility Documents.  The Purchase Agreement is the
only agreement pursuant to which the Borrower directly or indirectly purchases and receives capital contributions of Contracts from the Originator and the Facility Documents delivered to the Program Agent represent all agreements between the
Originator and the Borrower relating to the transfer of the Contracts, except for other agreements related to the transactions that are permitted by Section 5.03(k). 

(n)         Business.  Since its formation, the Borrower
has conducted no business other than entering into and performing it obligations under the Facility Documents to which it is a party, and such other activities as are incidental to the foregoing. The Facility Documents to which it is a party, and
any agreements entered into in connection with the transactions that are permitted by Section 5.03(k), are the only agreements to which the Borrower is a party. 

(o)         Taxes.  The Borrower has filed or has received
an extension of time for filing of, all United States Federal income tax returns (if any) and all other material tax returns which are required to be filed by it and has paid all taxes that are due and payable by it pursuant to such returns or
pursuant to any assessment received by the Borrower, except to the extent that any such assessment is being contested in good faith by appropriate proceedings. The charges, accruals and reserves on the books of the Borrower in respect of taxes and
other governmental charges are, in the Borrower’s opinion, adequate. 

(p)         Solvency.  The Borrower: (i) is not
“insolvent” (as such term is defined in §101(32)(A) of the Bankruptcy Code), (ii) is able to pay its debts as they come due; and (iii) does not have unreasonably small capital for the business in which it is engaged or for
any business or transaction in which it is about to engage. 

(q)         Use of Proceeds.  No proceeds of any Loan will
be used by the Borrower to acquire any security in any transaction which is subject to Section 13 or 14 of the Securities Exchange Act of 1934, as amended. 

(r)          Ownership.  As of the date hereof, all of
the membership interests in the Borrower are directly owned of record by the Originator, all of which are validly issued, fully paid and nonassessable and there are no options, warrants or other rights to acquire any membership interests in the

  
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Borrower other than the provisions relating to the special membership interest of the independent director. 

(s)        Eligibility.  Each Pledged Contract included as an
Eligible Contract represented by the Borrower to be an “Eligible Contract” on any date hereunder, or included in the calculation of the Borrowing Base on any date, satisfies the requirements of eligibility contained in the definition of
“Eligible Contract” as of such date. Each Pledged Contract included as a Wet Contract represented by the Borrower to be a “Wet Contract” on any date hereunder, or included in the calculation of the Borrowing Base (Wet Contracts)
on any date, satisfies the requirements of eligibility contained in the definition of “Wet Contract” as of such date. 
 (t)         Payments to Originator.  With respect to each Pledged Contract, the Borrower shall have (i) received such Pledged Contract as
a contribution to the capital of the Borrower by the Originator or (ii) purchased such Pledged Contract from the Originator in exchange for payment (made by the Originator in accordance with the provisions of the Purchase Agreement) in an
amount which constitutes fair consideration and reasonably equivalent value. No such sale shall have been made for or on account of an antecedent debt owed by the Originator to the Borrower and no such sale is or may be voidable or subject to
avoidance under any section of the Bankruptcy Code. 

(u)        Material Adverse Effect.  Since the date of formation
of the Borrower, no event has occurred which would have a Material Adverse Effect. 

(v)        Compliance with Credit and Collection Policy.  The
Borrower has complied in all material respects with the Credit and Collection Policy with regard to each Pledged Contract and has not made any change to such Credit and Collection Policy other than as permitted under Section 5.03(c).

 (w)       Event of Termination.  No Event of Termination
or Incipient Termination Event has occurred or is continuing. 
 SECTION 4.02.  Representations and
Warranties of the Servicer.  The Servicer (so long as a DT Entity is the Servicer) represents and warrants on the Closing Date and on each date a Loan or a Release is made as follows: 

(a)        Due Formation and Good Standing.  The Servicer is a
limited liability company, duly organized, validly existing and in good standing under the laws of the State of Arizona and has all limited liability company power and authority to carry on its business as now conducted and is qualified to do
business in, and is in good standing in, every jurisdiction where the nature of its business requires it to be so qualified except where the failure so to qualify could not reasonably be expected to have a Material Adverse Effect. 

(b)        Due Authorization and No Conflict.  The execution,
delivery and performance by the Servicer of this Agreement are within the Servicer’s limited liability company powers, have been duly authorized by all necessary limited liability company action on the part of the Servicer and do not contravene
or constitute a default under, any provision of applicable law or of the Servicer’s certificate or articles of organization or operating agreement or of any agreement, judgment, injunction, order, decree or other instrument binding upon the
Servicer that could have a Material Adverse Effect or result in the creation or imposition of any Adverse Claim on any asset of the Servicer upon or with respect to any of its properties. This Agreement and the other Facility Documents to which the
Servicer is a party have been duly executed and delivered on behalf of the Servicer. 

  
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 (c)        Governmental
Approvals.  No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Servicer of this Agreement or any other
agreement, document or instrument to be delivered by it hereunder that has not already been given or obtained. 

(d)        Enforceability of Facility Documents.  Each of this
Agreement and each other Facility Document to be delivered by the Servicer in connection herewith constitutes the legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms, subject to the
Enforceability Exceptions. 
 (e)        No
Litigation.  There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against, or to the knowledge of a Responsible Officer of the Servicer after due inquiry, threatened against the
Servicer or any of its subsidiaries (i) that could reasonably be expected to be adversely determined and that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect or (ii) that seeks to prevent the
consummation of the transactions contemplated by this Agreement or the other Facility Documents. The Servicer is not in default with respect to any order of any court, arbitrator or other Governmental Authority, which default could reasonably be
expected to have a Material Adverse Effect or prevent the consummation of the transactions contemplated by this Agreement and the other Facility Documents. 
 (f)         Compliance with Laws.  The Servicer has complied in all respects with all applicable laws, rules, regulations, orders, writs,
judgments, injunctions, decrees or awards applicable to it or its property, except where such compliance is being contested in good faith through appropriate proceedings or except where the failure, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. 

(g)        Accuracy of Information.  The information, reports,
financial statements, exhibits and schedules furnished in writing by or on behalf of the Servicer to the Program Agent, any Managing Agent or any Lender in connection with the negotiation, preparation or delivery of this Agreement and the other
Facility Documents or included herein or therein or delivered pursuant hereto or thereto, when taken as a whole, do not contain any untrue statement of material fact or omit to state any material fact necessary to make the statements herein or
therein, in light of the circumstances under which they were made, not misleading. All written information furnished after the date hereof by or on behalf of the Servicer to the Program Agent, any Managing Agent or any Lender in connection with this
Agreement and the other Facility Documents and the transactions contemplated hereby and thereby will be true, complete and accurate in every material respect, or (in the case of projections) based on reasonable estimates, on the date as of which
such information is stated or certified. There is no fact known to a Responsible Officer that, after due inquiry, could reasonably be expected to have a Material Adverse Effect that has not been disclosed herein, in the other Facility Documents or
in a report, financial statement, exhibit, schedule, disclosure letter or other writing furnished to the Program Agent, any Managing Agent or any Lender for use in connection with the transactions contemplated hereby or thereby. 

(h)        Collection Information; Master Agency Agreement.  The
names and addresses of all the Approved Sub-servicers, Depository Account Banks and Lock-Box Processors, together with the addresses of the Lock-Boxes and the account numbers of the Depository Accounts are as specified in Exhibit F. The Lock-Boxes
set forth on Exhibit F are the only addresses to which Contract Debtors and Approved Sub-servicers of Pledged Contracts are directed to make payment. The Depository Accounts set forth on Exhibit F are the only accounts (other zero-balance accounts)
to which Contract Debtors, Approved Sub-servicers or Lock-Box Processors remit Collections of Pledged Contracts by wire transfer or electronic funds transfer. Exhibit K hereto is a full, complete and correct copy of the Master Agency

  
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Agreement and such agreement has not been modified and is in full force and effect. There are no agreements or understandings relating to the Master Agency Agreement that are not fully and
accurately described in Exhibit K. No DT Entity has granted any Person, other than Wells Fargo Bank, National Association under the Master Agency Agreement, “control” (within the meaning of Section 9-102 of any applicable enactment of
the UCC) of any Depository Account or the right to take control of any Depository Account at a future time or upon the occurrence of a future event. 
 (i)          Software.    The Servicer has the right (whether by license, sublicense or assignment) to use all of the computer
software used to account for the Pledged Contracts to the extent necessary to administer the Pledged Contracts. 

(j)          Eligibility.  Each Pledged Contract
included as an Eligible Contract represented by the Borrower to be an “Eligible Contract” on any date hereunder, or included in the calculation of the Borrowing Base on any date, satisfies the requirements of eligibility contained in the
definition of “Eligible Contract” as of such date. Each Pledged Contract included as a Wet Contract represented by the Borrower to be a “Wet Contract” on any date hereunder, or included in the calculation of the Borrowing Base
(Wet Contracts) on any date, satisfies the requirements of eligibility contained in the definition of “Wet Contract” as of such date. 
 (k)         Material Adverse Effect.  Since December 31, 2010, no event has occurred which would have a Material Adverse Effect.

 (l)          Compliance with Credit and Collection
Policy.  The Servicer has complied in all material respects with the Credit and Collection Policy with regard to its servicing of each Pledged Contract. 

(m)        Event of Termination.  No Event of Termination or
Incipient Termination Event has occurred or is continuing. 

(n)         Financial Statements.  The Servicer has
heretofore furnished to each Managing Agent a copy of the audited financial statements of the DT Entities On A Consolidated Basis for the fiscal year ended December 31, 2010. All such financial statements are and, upon delivery, all financial
statements described in Section 5.02(b) hereof will be, materially complete and correct and fairly present the consolidated financial condition and results of operations of the DT Entities On A Consolidated Basis in accordance with GAAP applied
on a consistent basis. Since December 31, 2010 there has been no development or event nor any prospective development or event which has had or should reasonably be expected to have a Material Adverse Effect. 

(o)         ERISA.  Each Plan to which the Servicer makes
direct contributions, and, to the knowledge of the Servicer, each other Plan and each Multiemployer Plan, is in compliance in all material respects with, and has been administered in all material respects in compliance with, the applicable
provisions of ERISA, the Code and any other Federal or State law. No event or condition has occurred and is continuing as to which the Borrower or the Servicer on its behalf would be under an obligation to furnish a report to the Program Agent and
Managing Agents under Section 5.02(d) hereof. 

(p)         Taxes.  The Servicer has filed all Federal
income Tax returns and all other material tax returns that are required to be filed by it and has paid all taxes due pursuant to such returns or pursuant to any assessment received by it, except for any such Taxes, if any, that are being
appropriately contested in good faith by appropriate proceedings diligently conducted and with respect to which adequate reserves have been provided. The charges, accruals and reserves on the books of the Servicer in respect of Taxes and other
governmental charges are adequate. 

  
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 (q)        Principal
Offices.  The chief executive office of the Servicer on the Closing Date is located at 4020 East Indian School Road, Suite A, Phoenix, AZ 85018, and the chief operating office is located at the same address. 

(r)         Licenses.  None of the Program Agent, any
Managing Agent or any Lender will not be required as a result of financing or taking a pledge of the Contracts to be licensed, registered or approved or to obtain permits or otherwise qualify (i) to do business in any state in which it
currently so required or (ii) under any state consumer lending, fair debt collection or other applicable state statute or regulation. 
 (s)        No Burdensome Restrictions.  No Requirement of Law or Contractual Obligation of the Servicer or any of its Subsidiaries has, or could
reasonably be expected to have, a Material Adverse Effect. 

(t)         Selection of Contracts.  Each Pledged Contract
was selected in accordance with the Contract Selection Methodology, and was not selected in a manner intended to, or that could reasonably be expected to, adversely affect the interests of the Program Agent or any Secured Party. 

ARTICLE V 

GENERAL COVENANTS 
 SECTION 5.01.  Affirmative Covenants of the Borrower.  Except as otherwise provided herein, from the Closing Date until the later of the Termination Date and the Final
Collection Date, the Borrower will, unless the Program Agent and the Majority Managing Agents shall otherwise consent in writing: 
 (a)        Compliance with Laws, Etc.  Comply in all material respects with all applicable laws, ordinances, orders, rules, regulations and
requirements of Governmental Authorities. 
 (b)        Preservation
of Existence.  (i) Observe all procedures required by its certificate of formation and the limited liability company agreement and preserve and maintain its limited liability company existence, rights, franchises and privileges in
the jurisdiction of its organization, and (ii) qualify and remain qualified in good standing as a foreign limited liability company in each other jurisdiction where the nature of its business requires such qualification and where, in the case
of clause (ii), the failure to be so qualified could reasonably be expected to have a Material Adverse Effect. 

(c)        Audits.  At any time and from time to time during
regular business hours and upon reasonable prior notice, permit the Program Agent, the Managing Agents or their agents or representatives; (i) to conduct periodic audits of the Pledged Contracts and the other Collateral and collection systems
of the Borrower; (ii) to examine and make copies of and abstracts from the Records in its possession or control relating to the Pledged Contracts and other Collateral, including, without limitation, the related Pledged Contracts; (iii) to
visit the offices and properties of the Borrower for the purpose of examining the materials described in clause (ii) above; and (iv) to discuss matters relating to the Pledged Contracts, the other Collateral or the Borrower’s
performance hereunder with any of the officers or employees of the Borrower having knowledge of such matters; provided, that if no Event of Termination shall have occurred and be continuing, the Program Agents, the Managing Agents or their
agents or representatives shall only be entitled to conduct two audits of the Borrower during any twelve (12) month period beginning on the date hereof and on each anniversary of the date hereof; and provided, further, that if an Event
of Termination shall have occurred and be continuing, the Program Agents, the Managing Agents or their agents or representatives shall be entitled to conduct three audits of the Borrower during such period and if a Foreclosure Event shall have
occurred and be continuing, there shall 

  
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be no limit on the number of such audits the Program Agents, the Managing Agents or their agents or representatives shall be entitled to conduct. It is anticipated that each audit will be a full
operational, legal, compliance and collateral audit and will verify among other items, the existence of Collateral, cash application, aging and eligibility, and Borrowing Base computation, will include a litigation and regulatory review, and will
confirm that internal ratings actually applied conform to underwriting standards. Each audit will also include a sample review of the files relating to no less than one hundred (100) Contracts to check the accuracy of information provided by
the Borrower or the Servicer. 
 (d)        Keeping of Records and
Books of Account.    Maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Pledged Contracts in the event of the destruction of the
originals thereof) and keep and maintain (or cause the Servicer to keep and maintain) all documents, books, records and other information reasonably necessary for the collection of all Pledged Contracts, and in which timely entries are made in
accordance with GAAP. Such books and records shall include, without limitation, records adequate to permit the daily identification of each new Pledged Contract and all Collections of and adjustments to each existing Pledged Contract. The Borrower
shall promptly notify the Program Agent and each Managing Agent of any material conversion or substitution (excluding, in each case, version upgrades) of the computer software used by the Borrower (or the Servicer, as applicable) in its collection
of Pledged Contracts. 
 (e)         Performance and Compliance
with Pledged Contracts.  At its expense, timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it with respect to the Pledged Contracts. 

(f)         Credit and Collection Policy.  Comply in all
material respects with the Credit and Collection Policy in regard to the Pledged Contracts. 

(g)        Collections. 

  (i)          Instruct all Contract Debtors
to remit all payments made in respect of the Pledged Contract to a Lock-Box or a Depository Account; 
   (ii)         Instruct all Lock-Box Processors to deposit all Collections received thereby or remitted to any Lock-Box into a Depository Account
within three (3) Business Days following receipt thereof; 

  (iii)        Instruct all Depository Account Banks
to deposit all Collections received thereby to a Depository Account within three (3) Business Days following receipt; 
   (iv)        Cause all Collections to be remitted from the Depository Accounts to the Collection Account within three (3) Business Days following
identification thereof; 

  (v)         Cause all Collections received by
the Borrower or the Servicer directly to be remitted to a Depository Account or the Collection Account within one (1) Business Day of receipt; and 

  (vi)        On and after the Closing Date, cause
each Depository Account and Lock-Box to be subject at all times to the Master Agency Agreement. 

  
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 (h)        Posting of Collections
and Pledged Contracts.  Apply all Collections to the Pledged Contracts owed by the applicable Contract Debtor in a timely manner in accordance with its business practices in existence as of the Closing Date. 

(i)         Separate Existence.  Take all reasonable steps
(including, without limitation, all steps that the Program Agent or any Managing Agent may from time to time reasonably request) to maintain the Borrower’s identity as a separate legal entity from each DT Entity and their Affiliates and to make
it manifest to third parties that the Borrower is an entity with assets and liabilities distinct from those of the DT Entities and each other Affiliate thereof. Without limiting the generality of the foregoing, the Borrower shall operate in such a
manner and be constituted so that it would not be substantively consolidated in the bankruptcy trust estate of any DT Entity or Affiliate thereof, the separate existence of the Borrower and any DT Entity or Affiliate thereof would not be
disregarded, and each of the following statements will be true and correct at all relevant times: 
   (i)          the Borrower maintains and shall maintain separate records, books of account and financial statements from those of DTAC and its
Affiliates; 
   (ii)         except to
the extent permitted pursuant to the Facility Documents and the Master Agency Agreement, the Borrower does not and shall not commingle any of its assets or funds with those of DTAC and its Affiliates; 

  (iii)        the Borrower maintains and shall
maintain an office separate from that of any other entity and a separate board of directors with at least two (2) Independent Directors and observes all separate limited liability company formalities, and all decisions with respect to the
Borrower’s business and daily operations have been and shall be independently made by the officers of the Borrower pursuant to resolutions of its board of directors; 

  (iv)        other than contributions of capital,
payment of dividends and return of capital, no transactions have been or will be entered into between the Borrower and DTAC or between the Borrower and any of Affiliates of DTAC except such transactions as are contemplated by this Agreement and the
Facility Documents, or as permitted by the Borrower’s organizational documents, and the Borrower shall not enter into or permit to exist any transaction (including, without limitation, any purchase, lease or exchange of property or the
rendering of any service) with any DT Entity or Affiliate thereof which is on terms that are less favorable to the Borrower than those that might be obtained in an arm’s length transaction at the time from Persons who are not Affiliates and
which is not evidenced by or pursuant to a written agreement; 

  (v)         except for such administration and
collection and functions as the Servicer may perform on behalf of the Borrower, the Borrower acts solely in its own name and through its own authorized officers and agents and the Borrower does not and will not act as agent of DTAC or any other
Person in any capacity; 

  (vi)        except for any funds received from DTAC
or its members as a capital contribution or as otherwise permitted in this Agreement or any other Facility Document, the Borrower shall not accept for its own account funds from DTAC or its Affiliates; and the Borrower shall not allow DTAC or its
Affiliates otherwise to supply funds to, or guarantee any obligation of, the Borrower; 

  (vii)       the Borrower shall not guarantee, or
otherwise become liable with respect to, any obligation of DTAC or its Affiliates; 

  
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   (viii)      the
Borrower shall at all times hold itself out to the public under the Borrower’s own name as a legal entity separate and distinct from DTAC and its Affiliates, and not hold itself out as a “division” of DTAC or its Affiliates;

   (ix)         the Borrower shall at
all times maintain all of its liabilities and tangible and intangible assets, separate and readily identifiable, from those of DTAC and each and every Affiliate of DTAC or any Affiliate of such Affiliate; 

  (x)          the Borrower is a special
purpose company and has not engaged, and does not presently engage and shall not engage, in any activity other than the activities undertaken pursuant to this Agreement and the Facility Documents and activities ancillary or incident thereto and
transactions permitted pursuant to its organizational documents, and has no indebtedness other than as created by, or set forth in, this Agreement or the Facility Documents; 

  (xi)         the Borrower does not have any
subsidiaries; 
   (xii)        the Borrower
has complied in all material respects with all applicable laws, rules, regulations, and orders with respect to it, its business and properties; 

  (xiii)       all of the issued and outstanding membership
interests of the Borrower are owned by DTAC, and all distributions by Borrower to DTAC shall be properly reflected as distributions on the books and records of DTAC; 

  (xiv)       the execution and delivery of this Agreement
and the Facility Documents and the consummation of the transactions contemplated hereby and thereby were not made in contemplation of the insolvency of the Borrower or after the commission of any act of insolvency by the Borrower. The Borrower does
not believe, nor does it have any reasonable cause to believe, that it cannot perform its covenants contained in this Agreement and the Facility Documents. The transactions contemplated by this Agreement and the Facility Documents are being
consummated by the Borrower in furtherance of its ordinary business purposes, with no intent to hinder, delay or defraud any of its present or future creditors and with no view to preferring one creditor over another or to preventing the application
of the Borrower’s assets in the manner required by applicable law or regulations. The consideration received by the Borrower as set forth herein is fair consideration having value reasonably equivalent to or in excess of the value of the
Pledged Contracts and the performance of the Borrower’s obligations hereunder; 

  (xv)      neither on the date of the transactions contemplated
by this Agreement and the Facility Documents nor immediately before or after such transactions, nor as a result of the transactions, will the Borrower: 

    (A)        be insolvent such that the
sum of its debts is greater than all of its respective property, at a fair valuation in the normal course of its business operations; 
     (B)        be engaged in or about to engage in business or a transaction for which any property remaining with the Borrower will be an
unreasonably small capital or the remaining assets of the Borrower will be unreasonably small in relation to its respective business or the transaction; or 

    (C)        have intended to incur, or
believed it would incur, debts that would be beyond its respective ability to pay as such debts mature or become due. The 

  
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Borrower’s assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due. 

  (xvi)       both immediately before and after the
transactions contemplated by this Agreement and the Facility Documents (y) the present fair salable value of the Borrower’s assets in the normal course of its business operations was or will be in excess of the amount that will be required
to pay its probable liabilities as they then exist and as they become absolute and matured; and (z) the sum of the Borrower’s assets was and will be greater than the sum of its debts, valuing its assets at a fair salable value. This
Agreement and the Facility Documents reflect bona fide transactions for legitimate business purposes; 
   (xvii)      the Borrower (x) is not in violation of any laws, ordinances, governmental rules or regulations to which it is subject; (y) has not failed
to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its property or to the conduct of its business; and (z) is not in violation in any material respect of any term of any agreement,
charter, bylaw or instrument to which it is a party or by which it may be bound and, in each case, such violation or failure to obtain would have a material adverse effect on the business or condition (financial or otherwise) of the Borrower;

   (xviii)     all Tax returns or extensions required to
have been filed by the Borrower in any jurisdiction have been filed, and all Taxes, assessments, fees and other governmental charges upon the Borrower, or upon any of the respective properties, income or franchises of the Borrower, shown to be due
and payable on such returns have been, or will be, paid when due. All such Tax returns are true and correct and the Borrower has no knowledge of any proposed additional Tax assessment against it in any material amount nor of any basis therefor;

   (xix)        the Borrower has no
employees or “employee pension benefit plans” as such term is defined in Section 3 of ERISA; and 
   (xx)         the Borrower shall take all other actions reasonably necessary on its part to operate its business and perform its obligations under
the Facility Documents in a manner consistent with the factual assumptions described in the legal opinions with respect to nonconsolidation and true sale matters of Snell& Wilmer L.L.P. delivered to the Program Agent and the Managing Agents in
connection with the Purchase Agreement on or about the date hereto. 

(j)         Rights under the Purchase Agreement.  From and
after the Termination Date, direct, instruct, or request any lawful action under the Purchase Agreement, including without limitation, in connection with enforcement of its rights thereunder, as instructed by the Program Agent; provided, however,
that both before and after the Termination Date, the Borrower shall deliver any lawful notice as directed by the Program Agent, the delivery of which is a condition precedent to any “Purchase Termination Event” under (and as defined in)
the Purchase Agreement. 
 (k)        Location of
Records.  Keep its chief place of business and chief executive office and the offices where it keeps the Records at (i) the address(es) of the Borrower referred to on Exhibit E or (ii) upon 30 days’ prior written notice
to the Program Agent, at any other location in the United States where all actions reasonably requested by the Program Agent or any Managing Agent to protect and perfect the interests of the Program Agent and the Lenders in the Collateral have been
taken and completed. 
 (l)         Taxes.  File,
cause to be filed or obtain an extension of the time to file, all material Tax returns and reports required by law to be filed by it and will promptly pay or cause to be 

  
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paid all Taxes and governmental charges at any time owing, provided that the Borrower may contest in good faith any such Taxes, assessments and other charges and, in such event, may permit
the Taxes, assessments or other charges so contested to remain unpaid during any period, including appeals, when the Borrower is in good faith contesting the same so long as (i) adequate reserves have been established in accordance with GAAP,
(ii) enforcement of the contested Tax, assessment or other charge is effectively stayed for the entire duration of such contest if such enforcement could reasonably be expected to have a Material Adverse Effect, and (iii) any Tax,
assessment or other charge determined to be due, together with any interest or penalties thereon, is promptly paid as required after final resolution of such contest, and pay when due any Taxes payable in connection with the Pledged Contracts,
exclusive of Taxes on or measured by income or gross receipts of the Program Agent, the Managing Agents or the Lenders. 
 (m)        Performance and Enforcement of Purchase Agreement.  (i) Perform and require the Originator to, perform each of their respective
obligations and undertakings under and pursuant to the Purchase Agreement; purchase Contracts thereunder in compliance with the terms thereof; (ii) enforce the rights and remedies accorded to the Borrower under the Purchase Agreement and
(iii) take all actions to perfect and enforce its rights and interests (and the rights and interests of the Program Agent and the Lenders as assignees of the Borrower) under the Purchase Agreement as the Program Agent or any Managing Agent may
from time to time reasonably request, including, without limitation, making claims to which it may be entitled under any indemnity, reimbursement or similar provision contained in the Purchase Agreement. 

(n)         Ownership.  Take all necessary action to
(i) vest legal and equitable title to the Pledged Contracts, the other Collateral and the Collections purchased under the Purchase Agreement irrevocably in the Borrower, free and clear of any Adverse Claims other than Permitted Liens
(including, without limitation, the filing of all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect the Borrower’s interest in such Pledged
Contracts, the other Collateral and Collections and such other action to perfect, protect or more fully evidence the interest of Borrower therein as the Program Agent or any Managing Agent may reasonably request), and (ii) establish and
maintain, in favor of the Program Agent, for the benefit of the Secured Parties, a valid and perfected first priority perfected security interest in all Pledged Contracts, the other Collateral and Collections to the full extent contemplated herein,
free and clear of any Adverse Claims other than Permitted Liens (including, without limitation, the filing of all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate
jurisdictions to perfect the Program Agent’s (for the benefit of the Secured Parties) security interest in such Pledged Contracts, the other Collateral and Collections and such other action to perfect, protect or more fully evidence the
interest of the Program Agent for the benefit of the Secured Parties as the Program Agent or any Managing Agent may reasonably request). 
 (o)         [Reserved]. 
 (p)         Hedging.  If, as of any Monthly Reporting Date, the average of the Excess Spread Ratios for the three preceding Accounting Periods
is less than 7.00%, the Borrower shall purchase, or cause the Servicer to purchase, an Interest Rate Hedge Agreement which shall provide suitable protection (in the Program Agent’s reasonable judgment) against an adverse change in interest
rates. If the Borrower fails to purchase an Interest Rate Hedge Agreement that adequately protects the Lenders, the Program Agent may reduce the Advance Rate to compensate for the potential reduction in the Excess Spread Ratio and continued exposure
to additional interest rate risk. 
 (q)         Independent
Directors.  The Borrower will at all times have two Independent Directors and ensure that all actions relating to (x) the selection, maintenance or replacement of the Independent Directors, (y) the dissolution or liquidation
of the Borrower or (z) the initiation of, 

  
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participation in, acquiescence in or consent to any bankruptcy, insolvency, reorganization or similar proceeding involving the Borrower, are duly authorized by unanimous consent of the
Borrower’s directors, including the Independent Directors; and (i) at least two members or the board of directors of Borrower shall at all times be Independent Directors reasonably acceptable to the Program Agent (such acceptability of any
Independent Director appointed after the date hereof must be evidenced in writing signed by the Program Agent) and (ii) none of the Borrower or the Originator, any of Borrower’s members or directors or any of their respective Affiliates
shall remove any Independent Director or replace any Independent Director, in each case without the prior written consent of the Program Agent, which consent shall not be unreasonably withheld. The Borrower shall compensate each Independent Director
in accordance with its agreement with such Independent Director (or the company employing such Independent Director as a part of its business of supplying director services to special purpose entities). No Independent Director shall at any time
serve as a trustee in bankruptcy for the Borrower or the Originator or any of their respective Affiliates. The limited liability company agreement of the Borrower shall provide that the directors of the Borrower shall not approve, or take any other
action to cause the filing of, a voluntary bankruptcy petition with respect to the Borrower unless each Independent Director shall approve the taking of such action in writing prior to the taking of such action. Without limiting the foregoing, the
Borrower will promptly notify the Program Agent in writing of the resignation or removal of any Independent Director or its receipt of any notice of intended resignation by any Independent Director. 

SECTION 5.02.  Reporting Requirements of the Borrower.  From the Closing Date until the later
of the Termination Date and the Final Collection Date, the Borrower will, unless the Program Agent and the Majority Managing Agents shall otherwise consent in writing, furnish or cause to be furnished to the Program Agent and each Managing Agent:

 (a)        Event of Termination.  As soon as
reasonably practicable and in any event within two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Termination or Incipient Event of Termination (if such Incipient Event of
Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Borrower setting forth the details of such Event of Termination or Incipient Event of Termination and the action which the Borrower is taking or
proposes to take with respect thereto. 
 (b)        Financial
Statements. 
   (i)         within
one hundred twenty (120) days after the end of each fiscal year of the Borrower, a balance sheet of the Borrower as of the end of such fiscal year and a statement of income and retained earnings of the Borrower for such fiscal year, certified
by the Borrower’s chief financial officer, chief accounting officer or other manager of the Borrower; 
   (ii)        within fifteen (15) days after the end of each month, the unaudited consolidated balance sheets of the DT Entities as at the end of
such month and the related unaudited consolidated statements of income and, upon the request of the Program Agent or any Managing Agent, retained earnings and of cash flows for the DT Entities for such month and the portion of the fiscal year
through the end of such month, setting forth in each case in comparative form the figures for the previous year, accompanied by a certificate of a Responsible Officer of the Borrower, which certificate shall state that such consolidated financial
statements fairly present the consolidated financial condition and results of operations of the DT Entities On A Consolidated Basis in accordance with GAAP, consistently applied, as at the end of, and for, such month (subject to normal year end
audit adjustments); 

  
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  (iii)       within sixty (60) days after the end of
each of the first three quarterly fiscal periods of each fiscal year of DTAC, the unaudited consolidated balance sheets of the DT Entities as at the end of such period and the related unaudited consolidated statements of income and retained earnings
and of cash flows for the DT Entities for such period and the portion of the fiscal year through the end of such period, setting forth in each case in comparative form the figures for the previous year, accompanied by a certificate of a Responsible
Officer of the Borrower, which certificate shall state that each such consolidated financial statement fairly presents the financial condition and results of operations of the DT Entities On A Consolidated Basis in accordance with GAAP, consistently
applied, as at the end of, and for, such period (subject to normal year end audit adjustments); and 
   (iv)       within one hundred and five (105) days after the end of each fiscal year of DTAC, the audited consolidated balance sheets of the DT Entities
as at the end of such fiscal year and the related audited consolidated statements of income and retained earnings and of cash flows for the DT Entities On A Consolidated Basis for such year, setting forth in each case in comparative form the figures
for the previous year, accompanied by an opinion thereon of independent certified public accountants of recognized national standing, which opinion shall not be qualified as to scope of audit or going concern (other than a qualification as to going
concern based solely on the tenor of the Commitments hereunder) and shall state that each consolidated financial statement fairly presents the financial condition and results of operations of the DT Entities On A Consolidated Basis at the end of,
and for, such fiscal year in accordance with GAAP, containing a footnote stating that there is no Event of Termination. 
 (c)        Compliance Certificates.  Concurrently with any delivery of information under clause (b) above, a certificate of a Responsible
Officer of the Borrower (i) setting forth in reasonable detail the calculations required to establish whether any Event of Termination set forth in Sections 7.01(k) through (n) has occurred and (ii) certifying that no Event of
Termination or Incipient Event of Termination exists on the date of such certificate and, if an Event of Termination or Incipient Event of Termination then exists, setting forth the details thereof and the action which the Borrower is taking or
proposes to take with respect thereto. 
 (d)        ERISA
Events.  As soon as reasonably possible, and in any event within thirty (30) days after a Responsible Officer knows, or with respect to any Plan or Multiemployer Plan to which any DT Entity or any of its Subsidiaries makes direct
contributions, has reason to believe, that any of the events or conditions specified below with respect to any Plan or Multiemployer Plan has occurred or exists, a statement signed by a senior financial officer of such DT Entity setting forth
details respecting such event or condition and the action, if any, that any DT Entity or its ERISA Affiliate proposes to take with respect thereto (and a copy of any report or notice required to be filed with or given to PBGC by such DT Entity or an
ERISA Affiliate with respect to such event or condition): 

  (i)         any Reportable Event with respect
to a Plan, as to which PBGC has not by regulation or otherwise waived the requirement of Section 4043(a) of ERISA that it be notified within thirty (30) days of the occurrence of such event (provided that a failure to meet the minimum
funding standard of Section 412 of the Code or Section 302 of ERISA, including, without limitation, the failure to make on or before its due date a required installment under Section 412(m) of the Code or Section 302(e) of ERISA,
shall be a Reportable Event regardless of the issuance of any waivers in accordance with Section 412(d) of the Code); and any request for a waiver under Section 412(d) of the Code for any Plan; 

  
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  (ii)        the distribution under
Section 4041(c) of ERISA of a notice of intent to terminate any Plan or any action taken by such DT Entity or an ERISA Affiliate to terminate any Plan; 

  (iii)       the institution by PBGC of proceedings under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by such DT Entity or any ERISA Affiliate of a notice from a Multiemployer Plan that such action has been taken by PBGC with
respect to such Multiemployer Plan; 

  (iv)       the complete or partial withdrawal from a
Multiemployer Plan by such DT Entity or any ERISA Affiliate that results in liability under Section 4201 or 4204 of ERISA (including the obligation to satisfy secondary liability as a result of a purchaser default) or the receipt by such DT
Entity or any ERISA Affiliate of notice from a Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to terminate or has terminated under Section 4041A of ERISA;

   (v)        the institution of a
proceeding by a fiduciary of any Multiemployer Plan against such DT Entity or any ERISA Affiliate to enforce Section 515 of ERISA, which proceeding is not dismissed within 30 days; and 

  (vi)       the adoption of an amendment to any Plan that,
pursuant to Section 401(a)(29) of the Code or Section 307 of ERISA, would result in the loss of tax exempt status of the trust of which such Plan is a part if such DT Entity or an ERISA Affiliate fails to timely provide security to such
Plan in accordance with the provisions of said Sections. 

(e)        Reporting on Adverse Effects.  Promptly and in no
event more than two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of any matter or the occurrence of any event concerning the Borrower, the Servicer, the Originator or the Performance Guarantor which would
reasonably be expected to have a Material Adverse Effect, notice thereof. 

(f)         Defaults.  Promptly and in no event more than
two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of any default by the Borrower under any agreement other than the Facility Documents to which the Borrower is a party which could reasonably be expected to
have a Material Adverse Effect, the statement of a Responsible Officer of the Borrower setting forth the details of such default and the action which the Borrower is taking or proposes to take with respect thereto. 

(g)        Ratings.  Promptly and in no event more than one
Business Day after any Responsible Officer of the Borrower obtains knowledge of any downgrade or withdrawal of the Debt Rating of any DT Entity, notice of such downgrade or withdrawal of such Debt Rating. 

(h)        Copies of Notices.  Promptly after receipt thereof,
copies of any notice, request for consent, or certification delivered to it by the Originator, the Custodian, the Backup Servicer or any Performance Guarantor under any Facility Document, or any Person under the Master Agency Agreement. 

(i)         Credit and Collection Policy.  Promptly and in
no event more than two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of any amendment, modification, supplement or other change to the Credit and Collection Policy that could have a material adverse effect on
the collectibility of the Pledged Contracts, the statement of a Responsible Officer of the Borrower setting forth the details of such amendment, modification or supplement. 

  
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 (j)         Other
Facilities.  Promptly and in no event more than ten (10) days after the effectiveness thereof, copies of (i) any documents, agreements or instruments evidencing indebtedness for borrowed money of any DT Entity and
(ii) any amendment, restatement, supplement or other modification any documents, agreements or instruments evidencing indebtedness for borrowed money of any DT Entity, including, without limitation, any fee letter, waiver, consent and any other
document, agreement or instrument executed in connection with any of the foregoing. 

(k)        Prepayments of Indebtedness.  At least five
(5) Business Days prior to any prepayment or redemption of all or any part of any Indebtedness issued pursuant to, or governed by, the Indenture, the statement of a Responsible Officer of the Borrower setting forth (i) the Indebtedness to
be so prepaid or redeemed, (ii) the amount of such prepayment or redemption and (iii) the date of such prepayment or redemption. 
 (l)         Notice of Default or Acceleration.  Promptly and in no event more than two (2) Business Days after receipt by any DT Entity,
copies of any notice of breach, default, acceleration or, mandatory prepayment or taking of action with respect to collateral (or similar notice) received by any DT Entity from any holder of any Indebtedness (or agent on behalf of one or more such
holders) under any Warehouse Facility, the Inventory Facility or any other agreement governing indebtedness for borrowed money of any DT Entity and promptly and in no event more than two (2) Business Days after delivery by any DT Entity, copies
of any notice of breach or default delivered by any DT Entity thereunder. 

(m)       Appointment of Independent Director.  Promptly and in no
event less than (10) days prior to the effective date of the appointment of any Person as a new or replacement Independent Director of the Borrower, notice of such appointment and a certification of a Responsible Officer of the Borrower that
such Person satisfies the criteria set forth in the definition herein of “Independent Director.” 

(n)        Other Information.  As soon as reasonably
practicable, from time to time, such other information, documents, records or reports respecting the Pledged Contracts or the conditions or operations, financial or otherwise, of the Borrower as the Program Agent or any Managing Agent may from time
to time reasonably request. 
 SECTION 5.03.  Negative Covenants of the
Borrower.  From the Closing Date until the Final Collection Date, the Borrower will not, without the written consent of the Program Agent and the Majority Managing Agents: 

(a)        Sales, Liens, Etc. Against Collateral.  Sell, assign
(by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon or with respect to, any Collateral or assign any right to receive income in respect thereof except in each case as contemplated or
provided hereunder. 
 (b)        Extension or Amendment of Pledged
Contracts.  Extend, amend, waive or otherwise modify, the terms of any Pledged Contract, except (i) in accordance with the Credit and Collection Policy or (ii) as otherwise permitted hereunder (including, without limitation,
any such action permitted to be taken by the Servicer). 

(c)        Change in Business or Credit and Collection
Policy.  Make any change in the Credit and Collection Policy which could be reasonably expected to have a Material Adverse Effect, or make any change in the character of its business. 

  
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 (d)        Change in Payment
Instructions to Contract Debtors.  Make any change in its instructions to Contract Debtors regarding the making of payments in respect of the Pledged Contracts to any Lock-Box or Depository Account, other than instructing Contract
Debtors to remit payments to another Lock-Box or Depository Account. 

(e)        Changes to Lock-Boxes, Depository Accounts or Master Agency
Agreement.  Add any account as a Depository Account, any bank as a Depository Account Bank, any Person as a Lock-Box Processor or any lock-box as a Lock-Box with respect to any Collateral, in each case other than those then listed in
Exhibit F, unless the Program Agent shall have received (i) thirty (30) days’ prior written notice of such addition and (ii) prior to the effective date of such addition, (x) executed copies of a Control Agreement (in the
case of each new Depository Account), executed by each Account Bank, the Borrower, the Servicer, and the Program Agent, (y) copies of all material agreements signed by the Borrower, the Originator or the respective Account Bank or Lock-Box
Processor, as applicable, with respect to any new Depository Account, Account Bank, Lock-Box or Lock-Box Processor, and (z) a revised Exhibit F hereto. The Borrower shall provide the Program Agent and each Managing Agent with prompt written
notice of any termination of any bank as a Depository Account Bank or any Person as a Lock-Box Processor, together with a revised Exhibit F hereto. 
 (f)         Merger, Consolidation, Etc.  Sell any equity interest to any Person (other than DTAC) or consolidate with or merge into or with
any Person, or purchase or otherwise acquire all or substantially all of the assets or capital stock, or other ownership interest of, any Person or from any Subsidiary, or sell, transfer, lease or otherwise dispose of all or substantially all of its
assets to any Person, except as expressly provided or permitted under the terms of this Agreement or as consented to by the Program Agent. 
 (g)        Change in Name; Jurisdiction of Organization.  (i) Make any change to its name (within the meaning of Section 9-507(c) of any
applicable enactment of the UCC) indicated on its certificate of organization (or equivalent organizational document), or (ii) change its form of organization or its jurisdiction of organization, unless, in either case, prior to the effective
date of such change, it delivers to the Program Agent such financing statements or amendments to financing statements (Form UCC-1 or Form UCC-3, respectively) authorized by it which the Program Agent may request to reflect such name change or change
in form or jurisdiction of organization, together with such other documents, legal opinions and instruments that the Program Agent may reasonably request in connection with the transaction giving rise thereto. 

(h)        ERISA Matters.  Establish or be a party to any Plan
or Multiemployer Plan other than any such plan established by an Affiliate of the Borrower. 

(i)         Indebtedness.  Create, incur, assume or suffer
to exist any Indebtedness except for (i) Indebtedness to the Program Agent, any Lender, any Affected Party or the Servicer expressly contemplated hereunder or (ii) Indebtedness to the Originator pursuant to the Purchase Agreement.

 (j)         Guarantees.  Guarantee, endorse or
otherwise be or become contingently liable (including by agreement to maintain balance sheet tests) in connection with the obligations of any other Person, except endorsements of negotiable instruments for collection in the ordinary course of
business and reimbursement and indemnification obligations in favor of the Program Agent, any Managing Agent, any Lender or any Affected Party as provided for under this Agreement. 

(k)        Limitation on Transactions with Affiliates.  Enter
into, or be a party to any transaction with any Affiliate of the Borrower, except for: (i) the transactions contemplated hereby, by the Purchase Agreement and by the other Facility Documents; (ii) capital contributions by DTAC to the

  
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Borrower which are in compliance with Section 5.01(i); (iii) Restricted Junior Payments which are in compliance with Section 5.03(o); and (iv) to the extent not otherwise
prohibited under this Agreement, other transactions in the nature of employment contracts and directors’ or manager’s fees, upon fair and reasonable terms materially no less favorable to the Borrower than would be obtained in a comparable
arm’s-length transaction with a Person not an Affiliate. 

(l)         Facility Documents.    Terminate,
amend or otherwise modify any Facility Document or the Master Agency Agreement, or grant any waiver or consent thereunder, except in accordance with the terms thereof. 

(m)       Limitation on Investments.  Make or suffer to exist any
loans or advances to, or extend any credit to, or make any investments (by way of transfer of property, contributions to capital, purchase of stock or securities or evidences of indebtedness, acquisition of the business or assets, or otherwise) in,
any Affiliate or any other Person except for Permitted Investments and the purchase and receipt of capital contributions of Contracts and related assets pursuant to the terms of the Purchase Agreement. 

(n)        Organizational Documents.  (i) Change, amend,
alter or otherwise modify its limited liability company agreement in any fashion that could reasonably be expected to have a Material Adverse Effect or (ii) change, amend, alter or otherwise modify its certificate of formation in any fashion
that would cause the Borrower to cease to be a Financing SPC. 

(o)        Restricted Junior Payments.  Make any Restricted
Junior Payment; provided, that prior to the Termination Date, the Borrower may make Restricted Junior Payments so long as (i) no Event of Termination or Incipient Event of Termination shall then exist or would result therefrom and
(ii) such Restricted Junior Payments have been approved by all necessary action on the part of the Borrower and in compliance with all applicable laws. 
 (p)        Treatment as Sales.  Other than for Tax and accounting purposes under GAAP, not account for or treat (whether in financial statements or
otherwise) the transactions contemplated by the Purchase Agreement in any manner other than as the sale and/or absolute conveyance of Contracts and related assets by the Originator to the Borrower. 

(q)        Acquisition of Contracts.  Acquire any Contracts
directly or indirectly from any Person other than the Originator pursuant to the terms of the Purchase Agreement. 
 (r)         Outstanding Loan Amount.  Permit, for a period greater than ten (10) Business Days, the Outstanding Loan Amount to be less
than an amount equal to the lesser of (x) the product of (a) 90.0% and (b) the maximum utilization percentage with respect to all Warehouse Facilities (other than the Warehouse Facility described under clause (ii) of the
definition thereof), determined for such Warehouse Facilities, by dividing an amount equal to the aggregate outstanding principal amount of indebtedness thereunder by the aggregate facility limit thereof multiplied by the sum of all Commitments
under this Facility (such amount, the “Target Amount”) and (y) the excess of (a) the Target Amount over (b) $5,000,000. 
 SECTION 5.04.  Affirmative Covenants of the Servicer.  From the Closing Date until the Final Collection Date, the Servicer will, unless the Program Agent and the Majority
Managing Agents shall otherwise consent in writing: 

(a)        Compliance with Laws, Etc.  Comply in all respects
with all applicable laws, rules, ordinances, regulations, requirements and orders of Governmental Authorities with respect to the 

  
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Pledged Contracts, the servicing thereof and the agreements and documents related thereto, except where such compliance is being contested in good faith through appropriate proceedings or except
where the failure to comply, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 (b)        Preservation of Existence.  (i) Observe all procedures required by its certificate or articles of organization and operating
agreement and preserve and maintain its limited liability company existence, rights, franchises and privileges in the jurisdiction of its organization, and (ii) qualify and remain qualified in good standing as a foreign corporation in each
other jurisdiction where the nature of its business requires such qualification and where, in the case of clause (ii), failure to be so qualified could reasonably be expected to have a Material Adverse Effect. 

(c)        Audits.  At any time and from time to time during
regular business hours and upon reasonable prior notice, permit the Program Agent, the Managing Agents or their agents or representatives: (i) to conduct periodic audits of the Pledged Contracts and the related Records and collection systems of
the Servicer; (ii) to examine and make copies of and abstracts from the Records in its possession or control relating to the Pledged Contracts; (iii) to visit the offices and properties of the Servicer for the purpose of examining the
materials described in clause (ii) above; and (iv) to discuss matters relating to the Pledged Contracts or the Servicer’s performance hereunder with any of the officers or employees of the Servicer having knowledge of such matters
provided, that if no Event of Termination shall have occurred and be continuing, the Program Agents, the Managing Agents or their agents or representatives shall only be entitled to conduct two audits of the Servicer during any twelve
(12) month period beginning on the date hereof and on each anniversary of the date hereof; and provided, further, that if an Event of Termination shall have occurred and be continuing, the Program Agents, the Managing Agents or their
agents or representatives shall be entitled to conduct three audits of the Servicer during such period and if a Foreclosure Event shall have occurred and be continuing, there shall be no limit on the number of such audits the Program Agents, the
Managing Agents or their agents or representatives shall be entitled to conduct. It is anticipated that each audit will be a full operational, legal, compliance and collateral audit and will verify among other items, the existence of Collateral,
cash application, aging and eligibility, and Borrowing Base computation, will include a litigation and regulatory review, and will confirm that internal ratings actually applied conform to underwriting standards. Each audit will also include a
sample review of the files relating to no less than one hundred (100) Contracts to check the accuracy of information provided by the Borrower or the Servicer. 

(d)        Keeping of Records and Books of
Account.    Maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Pledged Contracts in the event of the destruction of the originals
thereof) and keep and maintain (or cause the Originator to keep and maintain) all documents, books, records and other information reasonably necessary for the collection of all Pledged Contracts, and in which timely entries are made in accordance
with GAAP. Such books and records shall include, without limitation, records adequate to permit the daily identification of each new Pledged Contracts and all Collections of and adjustments to each existing Pledged Contracts. The Servicer shall
promptly notify the Program Agent and each Managing Agent of any material conversion or substitution (excluding in each case, version upgrades) of the computer software used by the Servicer in its collection of the Pledged Contracts. 

(e)        Performance and Compliance with Pledged
Contracts.  At its expense timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it with respect to the Pledged Contracts. 

(f)         Credit and Collection Policy.  Comply in all
material respects with the Credit and Collection Policy in regard to the Pledged Contracts. 

  
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(g)        Collections.  Comply with the provisions of
Section 5.01(g) as if the obligations of the Borrower pursuant to Section 5.01(g) were the obligations of the Servicer. 
 (h)        Posting of Collections.  Apply all Collections to the Pledged Contracts owed by the applicable Contract Debtor in a timely manner in
accordance with the servicing practices of the Originator in existence as of the date of this Agreement. 

(i)         Amendment to Facility Documents.  Execute any
amendment to this Agreement required pursuant to Section 5.01(o) hereof. 
 SECTION
5.05.  Reporting Requirements of the Servicer.  From the Closing Date until the Final Collection Date, the Servicer will, unless the Program Agent and the Majority Managing Agents shall otherwise consent in writing,
furnish to the Program Agent and each Managing Agent (and, in the case of Section 5.05(g), the Backup Servicer): 
 (a)        Financial Statements.  If DTCC or any Affiliate thereof is the Servicer, 

  (i)         within one hundred twenty
(120) days after the end of each fiscal year of the Borrower, a balance sheet of the Borrower as of the end of such fiscal year and a statement of income and retained earnings of the Borrower for such fiscal year, certified by the
Borrower’s chief financial officer, chief accounting officer or other manager of the Borrower; 
   (ii)        within fifteen (15) days after the end of each month, the unaudited consolidated balance sheets of the DT Entities as at the end of
such month and the related unaudited consolidated statements of income and, upon the request of the Program Agent or any Managing Agent, retained earnings and of cash flows for the DT Entities for such month and the portion of the fiscal year
through the end of such month, setting forth in each case in comparative form the figures for the previous year, accompanied by a certificate of a Responsible Officer of the Borrower, which certificate shall state that such consolidated financial
statements fairly present the consolidated financial condition and results of operations of the DT Entities On A Consolidated Basis in accordance with GAAP, consistently applied, as at the end of, and for, such month (subject to normal year end
audit adjustments); 
   (iii)       within sixty
(60) days after the end of each of the first three quarterly fiscal periods of each fiscal year of DTAC, the unaudited consolidated balance sheets of the DT Entities as at the end of such period and the related unaudited consolidated statements
of income and retained earnings and of cash flows for the DT Entities for such period and the portion of the fiscal year through the end of such period, setting forth in each case in comparative form the figures for the previous year, accompanied by
a certificate of a Responsible Officer of the Borrower, which certificate shall state that each such consolidated financial statement fairly presents the financial condition and results of operations of the DT Entities On A Consolidated Basis in
accordance with GAAP, consistently applied, as at the end of, and for, such period (subject to normal year end audit adjustments); and 
   (iv)       within one hundred and five (105) days after the end of each fiscal year of DTAC, the audited consolidated balance sheets of the DT Entities
as at the end of such fiscal year and the related audited consolidated statements of income and retained earnings and of cash flows for the DT Entities On A Consolidated Basis for such year, setting forth in each case in comparative form the figures
for the previous year, accompanied by an opinion thereon of independent certified public accountants of recognized national standing, which opinion shall not be qualified as to scope of audit or going concern (other than a qualification as to going
concern 

  
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based solely on the tenor of the Commitments hereunder) and shall state that each consolidated financial statement fairly presents the financial condition and results of operations of the DT
Entities On A Consolidated Basis at the end of, and for, such fiscal year in accordance with GAAP, containing a footnote stating that there is no Event of Termination. 

(b)        if DTCC or any Affiliate thereof is the Servicer, as soon as
reasonably possible, and in any event within thirty (30) days after a Responsible Officer knows, or with respect to any Plan or Multiemployer Plan to which any DT Entity or any of its Subsidiaries makes direct contributions, has reason to
believe, that any of the events or conditions specified below with respect to any Plan or Multiemployer Plan has occurred or exists, a statement signed by a senior financial officer of such DT Entity setting forth details respecting such event or
condition and the action, if any, that any DT Entity or its ERISA Affiliate proposes to take with respect thereto (and a copy of any report or notice required to be filed with or given to PBGC by such DT Entity or an ERISA Affiliate with respect to
such event or condition): 

  (i)         any Reportable Event with respect
to a Plan, as to which PBGC has not by regulation or otherwise waived the requirement of Section 4043(a) of ERISA that it be notified within thirty (30) days of the occurrence of such event (provided that a failure to meet the minimum
funding standard of Section 412 of the Code or Section 302 of ERISA, including, without limitation, the failure to make on or before its due date a required installment under Section 412(m) of the Code or Section 302(e) of ERISA,
shall be a Reportable Event regardless of the issuance of any waivers in accordance with Section 412(d) of the Code); and any request for a waiver under Section 412(d) of the Code for any Plan; 

  (ii)        the distribution under
Section 4041(c) of ERISA of a notice of intent to terminate any Plan or any action taken by such DT Entity or an ERISA Affiliate to terminate any Plan; 

  (iii)       the institution by PBGC of proceedings under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by such DT Entity or any ERISA Affiliate of a notice from a Multiemployer Plan that such action has been taken by PBGC with
respect to such Multiemployer Plan; 

  (iv)       the complete or partial withdrawal from a
Multiemployer Plan by such DT Entity or any ERISA Affiliate that results in liability under Section 4201 or 4204 of ERISA (including the obligation to satisfy secondary liability as a result of a purchaser default) or the receipt by such DT
Entity or any ERISA Affiliate of notice from a Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to terminate or has terminated under Section 4041A of ERISA;

   (v)        the institution of a
proceeding by a fiduciary of any Multiemployer Plan against such DT Entity or any ERISA Affiliate to enforce Section 515 of ERISA, which proceeding is not dismissed within 30 days; or 

  (vi)       the adoption of an amendment to any Plan that,
pursuant to Section 401(a)(29) of the Code or Section 307 of ERISA, would result in the loss of tax exempt status of the trust of which such Plan is a part if such DT Entity or an ERISA Affiliate fails to timely provide security to such
Plan in accordance with the provisions of said Sections. 

(c)        as soon as reasonably practicable and in any event within two
(2) Business Days after any Responsible Officer of the Servicer obtains knowledge of the occurrence of each Event of 

  
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Termination or Incipient Event of Termination (if such Incipient Event of Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Servicer setting
forth the details of such Event of Termination or Incipient Event of Termination; 

(d)        as soon as reasonably practicable and in any event within two
(2) Business Days after any Responsible Officer of the Servicer obtains knowledge of the occurrence of each event described in the definition of “Servicer Default” or each event which, with the giving of notice or lapse of time or
both, would constitute a Servicer Default (if such event is continuing on the date of such notice), the statement of a Responsible Officer of the Servicer setting forth the details of such Servicer Default or event and the action which the Servicer
proposes to take with respect thereto; 
 (e)        not later than 105
days after the end of each fiscal year of the Servicer, beginning with the fiscal year ending in 2009, the Servicer (if DTCC or an Affiliate thereof is the Servicer) shall cause a firm of nationally recognized provider of accounting and/or due
diligence services (who may also render other services to the Servicer ) to furnish a report with respect to the prior fiscal year to the Program Agent and the Managing Agents, to the effect that such firm has applied certain procedures agreed upon
by the Servicer and the Program Agent, including performance of certain accounting procedures performed by the Servicer and examination of certain documents and records related to the Contracts and this Agreement and that, on the basis of such
agreed-upon procedures, such accountants are of the opinion that the servicing (including the allocation of Collections) has been conducted in compliance with the terms and conditions set forth in this Agreement, except for such exceptions as they
believe to be immaterial and such other exceptions as shall be set forth in such statement; 

(f)        as soon as reasonably practicable, from time to time, such other
information, documents, records or reports within its possession respecting the Pledged Contracts or the conditions or operations, financial or otherwise, of the Servicer as the Program Agent or any Managing Agent may from time to time reasonably
request; 
 (g)        on each Monthly Reporting Date, (x) a
Monthly Report, (y) a Monthly Serviced Portfolio Report and (z) the Monthly Loan Tape as of the last day of the related Accounting Period; 
 (h)        on each Business Day, through a secured website that can be accessed by the DT Entities, the Program Agent, the Custodian and the Backup Servicer, or
their respective agents, a list that separately identifies, by loan number or other distinctively identifying notation, each Pledged Contract; provided, that each Person requesting or requiring access to the secured website referred to
in this Section 5.05(h) shall provide notice of its name, telephone number and electronic mail address to a designated representative of the Servicer; 
 (i)         on each LTV Adjusted Advance Rate Reporting Date, a certificate in substantially the form of Exhibit L hereto executed by a Responsible Officer of
the Servicer certifying the accuracy and completeness of its calculation of the LTV Adjusted Advance Rate and the components of such calculation, in each case, attached thereto; and 

(j)         upon request of Program Agent and on the date that is ten
(10) days prior to each Quarterly Determination Date, the Quarterly Data, a copy of which the Program Agent will provide to any Secured Party upon request. 

SECTION 5.06.  Negative Covenants of the Servicer.  From the Closing Date until the Final
Collection Date, the Servicer will not, without the written consent of the Program Agent and the Majority Managing Agents: 

  
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 (a)        Extension or Amendment
of Pledged Contracts.    Extend, amend, waive or otherwise modify, the terms of any Pledged Contract related thereto, except (i) in accordance with the Credit and Collection Policy as it deems appropriate to maximize
collections thereof or (ii) as otherwise permitted hereunder. 

(b)        Change in Business or Credit and Collection
Policy.  Make any change in the character of its servicing practices or in the Credit and Collection Policy, which change would, in either case, be reasonably expected to have a Material Adverse Effect. 

(c)        Change in Payment Instructions to Contract
Debtors.  Make any change in its instructions to Contract Debtors regarding the making of payments in respect of the Pledged Contracts to any Lock-Box or Depository Account, other than instructing Contract Debtors to remit payments to
another Lock-Box or Depository Account. 
 (d)        Changes to
Lock-Boxes, Depository Accounts or Master Agency Agreement.  Add any account as a Depository Account, any bank as a Depository Account Bank, any Person as a Lock-Box Processor or any lock-box as a Lock-Box with respect to any
Collateral, in each case other than those then listed in Exhibit F, unless the Program Agent shall have received (i) thirty (30) days’ prior written notice of such addition and (ii) prior to the effective date of such addition,
(x) executed copies of a Control Agreement (in the case of each new Depository Account), executed by each Account Bank, the Borrower, the Servicer, and the Program Agent, (y) copies of all material agreements signed by the Borrower, the
Originator or the respective Account Bank or Lock-Box Processor, as applicable, with respect to any new Depository Account, Account Bank, Lock-Box or Lock-Box Processor, and (z) a revised Exhibit F hereto. The Servicer shall provide the Program
Agent and each Managing Agent with prompt written notice of any termination of any bank as a Depository Account Bank or any Person as a Lock-Box Processor, together with a revised Exhibit F hereto. 

SECTION 5.07.  Representations and Covenants of DTAC; CRD Compliance.  From the Closing Date
until the Final Collection Date, DTAC, in its capacity as Originator and as sole member of the Borrower, shall for the benefit of each Lender and each Managing Agent and each holding company of any Lender or any Managing Agent that is required to
comply with the requirements of Article 122a, unless each Lender, each Managing Agent and each such holding company affected thereby shall otherwise consent in writing: 

  (i)         hold and maintain, or cause another
entity within the same consolidated group as DTAC to hold and maintain, the Retained Interest on an ongoing basis until the Commitment Termination Date; 

  (ii)        not sell or subject the Retained
Interest to any hedge, credit risk mitigation or any short positions; 

  (iii)       for the purpose of each Monthly Report,
confirm to the Servicer that it continues to comply with subsections (i) and (ii) above; 
   (iv)       provide notice promptly to such Lender in the event it has breached subsections (i) or (ii) above; 

  (v)        notify such Lender of any change to the
form of retention of the Retained Interest; and 

  
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 (vi)       provide all
information which such Lender would reasonably request in order for such Lender to comply with its obligations under Article 122a. 
 DTAC, as Originator and as sole member of the Borrower, represents that, on the Closing Date, the Retained Interest takes the form of a first loss position represented by its membership interest in the
Borrower. 
 ARTICLE VI 
 ADMINISTRATION OF CONTRACTS 
 SECTION
6.01.  Designation of Servicer. 
 (a)        The
servicing, administering and collection of the Pledged Contracts shall be conducted by the Person so designated from time to time in accordance with this Section 6.01. Until the Program Agent, with the consent or at the direction of the
Managing Agents, gives notice to the Borrower and the Servicer of the designation of a new Servicer as provided in Section 6.01(c) below, DTCC is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer
pursuant to the terms hereof. The Borrower hereby grants to Servicer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Borrower any and all steps which are necessary or advisable
to endorse, negotiate or otherwise realize on any writing or other right of any kind in connection with any Pledged Contract or other Collateral. 
 (b)        The Servicer shall not resign from the obligations and duties hereby imposed on it except upon the reasonable determination by the Servicer that
(x) the performance of its duties hereunder is no longer permissible under applicable law and (y) there is no reasonable action which the Servicer could take to make the performance of its duties hereunder permissible under applicable law.
Any determination permitting the resignation of the Servicer shall be evidenced by an opinion of counsel to such effect delivered to the Program Agent. 
 (c)        If a Servicer Default has occurred and is continuing the Program Agent shall, if requested by the Majority Managing Agents, by notice in writing to the
Servicer (a copy of which shall also be delivered to the Backup Servicer), terminate the Servicer’s management, administrative, servicing, custodial and collection functions (such termination being herein called a “Servicing
Transfer”). On receipt of such notice (a “Termination Notice”) (or, if later, on a date designated therein), all authority and power of the Servicer under this Agreement, whether with respect to the Pledged Contracts, the
other Collateral or otherwise shall pass to and be vested in the Program Agent or its designee pursuant to and under this Section 6.01(c); and, without limitation, the Program Agent is authorized and empowered to execute and deliver on behalf
of the Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do any and all acts or things necessary or appropriate to effect the purpose of such Termination Notice. The Servicer agrees to cooperate with the
Program Agent in effecting the termination of the responsibilities and rights of the Servicer hereunder, including, without limitation, the transfer to the Program Agent or its designee on behalf of the Lenders for administration by it of all
Collections which shall at the time be held by the Servicer for deposit, or have been deposited by the Servicer in the Collection Account, or for its own account in connection with its services hereafter or thereafter received with respect to the
Pledged Contracts and to assist the successor Servicer in enforcing all rights under the Pledged Contracts. All reasonable costs and expenses (including attorneys’ fees) incurred in connection with transferring the Contract Debtor Documents to
the successor Servicer, to reflect such succession as the Servicer pursuant to this Section 6.01, shall be paid by the replaced Servicer upon presentation of reasonable documentation of such costs and expenses; provided, however, that if
the replaced Servicer fails to pay such costs and expenses promptly, the successor Servicer shall be entitled to recover such amounts in accordance with Section 2.06 or 2.07, as applicable. Upon such termination, any

  
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servicing compensation relating to periods prior to the date of termination of the replaced Servicer (including all amounts expended by the replaced Servicer that would otherwise have been
reimbursable to it hereunder) shall be paid to the replaced Servicer. 

(d)        In the event of the Servicer’s termination hereunder, the Program
Agent, with the consent of the Majority Managing Agents, shall appoint the Backup Servicer as successor Servicer, and the successor Servicer shall accept its appointment by a written assumption in form acceptable to the Program Agent. In the event
that a successor Servicer has not been appointed at the time when the predecessor Servicer has ceased to act as Servicer in accordance with Section 6.01(c), the Program Agent may petition a court of competent jurisdiction to appoint any
established institution as the successor to the Servicer under this Agreement. Upon appointment, the successor Servicer shall be the successor in all respects to the predecessor Servicer and shall be subject to all the responsibilities, duties and
liabilities arising thereafter relating thereto placed on the predecessor Servicer, and shall be entitled to all of the rights granted to the predecessor Servicer, by the terms and provisions of this Agreement; provided, however, that the
successor Servicer shall have (i) no liability with respect to any obligation which was required to be performed by the predecessor Servicer prior to the date that the successor Servicer becomes the Servicer or any claim of a third party based
on any alleged action or inaction of the predecessor Servicer, (ii) no obligation to pay any taxes required to be paid by the Servicer, (iii) no obligation to pay any of the fees and expenses of any other party involved in this transaction
and (iv) no liability or obligation with respect to any Servicer indemnification obligations of any prior servicer including the original servicer. The indemnification obligations of the Backup Servicer, upon becoming a successor Servicer are
expressly limited to those instances of negligence or willful misconduct of the Backup Servicer in its role as successor Servicer. In connection with such appointment, subject to the limitations set forth in the definition of “Servicer
Fee,” the Program Agent may, with the consent of the Majority Managing Agents, make such arrangements for the reasonable compensation of such successor Servicer as it and such successor Servicer shall agree. The Program Agent and such successor
Servicer shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. 
 (e)        After a Servicing Transfer, the successor Servicer may, at the direction of the Program Agent (at the direction of the Majority Managing Agents) notify
the Contract Debtors with respect to the Pledged Contracts of the interests of the Secured Parties in the Pledged Contracts and other Collateral and instruct such Contract Debtors to make payments that are due under the Pledged Contracts to the
successor Servicer (or to the Program Agent or such other Person or account as the Program Agent shall designate) after the effective date of a Servicing Transfer. After a Servicing Transfer, the replaced Servicer shall have no future obligations
with respect to the management, administration, servicing, custody or collection of the Pledged Contracts and the successor Servicer shall have all of such obligations, except that the replaced Servicer will transmit or cause to be
transmitted directly to the successor Servicer for its own account, promptly upon receipt (but no later than two (2) Business Days thereafter), any amounts for which it has good funds (properly endorsed where required for the successor Servicer
to collect them) received as payments upon or otherwise in connection with the Pledged Contracts and the replaced Servicer shall continue to do any and all things necessary to transfer the Contract Debtor Documents and all books and records with
respect to the Pledged Contracts hereunder. A Servicing Transfer shall not affect the rights and duties of the parties hereunder, other than those relating to the management, administration, servicing, custody or collection of the Pledged Contracts.

 (f)         DTCC and any other Servicer agrees that, upon its
resignation or replacement as Servicer pursuant to Section 6.01(b) or (c) above, it will cooperate with the Borrower, the Program Agent and the successor Servicer in effecting the termination of its responsibilities and rights as Servicer
hereunder, including, without limitation, (i) assisting the successor Servicer in enforcing all rights under the Pledged Contracts and other Collateral, (ii) transferring, promptly upon receipt, to the successor Servicer, any Collections
or other amounts related to the Pledged Contracts or other Collateral received 

  
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by such Servicer, (iii) transferring to the successor Servicer all Records held by or under the control of such Servicer and (iv) permitting the successor Servicer to have access to all
tapes, discs, diskettes and related property containing information concerning the Pledged Contracts and other Collateral and the Records and taking all actions necessary in its control to permit the successor Servicer to use all computer software
that may facilitate the Servicer’s access to and use of such information and acting as data processing agent for such successor Servicer if requested. Upon the resignation or replacement of DTCC as Servicer, DTCC shall no longer be entitled to
the Servicer Fee accruing from and after the effective date of such resignation or replacement. 

(g)        Without the consent of each Managing Agent, the Servicer shall not be
permitted to delegate any of its duties or responsibilities as Servicer to any Person other than (x) an Approved Sub-servicer and (y) except with respect to certain Charged-Off Contracts, to outside collection agencies in accordance with
its customary practices. Notwithstanding the delegation by the Servicer of any of its duties or responsibilities as Servicer to any Person or the appointment of any Approved Sub-servicer pursuant to this Section 6.01(g), (i) the Servicer
shall remain liable for the timely and complete performance of its duties and obligations pursuant to the terms hereof, (ii) the Servicer shall retain management information systems and sufficient servicing capability, in the reasonable
judgment of the Program Agent and each Managing Agent, to perform the servicing functions described herein, and (iii) any sub-servicing agreement that may be entered into and any other transactions or services relating to the Pledged Contracts
involving an Approved Sub-servicer shall be deemed to be between such sub-servicer and the Servicer alone, and none of the Lenders, the Program Agent, the Managing Agents and the Liquidity Providers shall be deemed parties thereto or shall have any
obligations, duties or liabilities with respect to any Approved Sub-servicer. 
 SECTION
6.02.  Duties of the Servicer. 
 (a)        The
Servicer shall take or cause to be taken all such actions as it deems necessary or advisable to collect each Pledged Contract from time to time, all in accordance, in all material respects, with applicable laws, rules, regulations and the Credit and
Collection Policy. Each of the Borrower, each Lender, each Liquidity Provider, each Managing Agent and the Program Agent hereby appoints as its agent the Servicer, from time to time designated pursuant to Section 6.01, to enforce its respective
rights and interests in and under the Pledged Contracts and the other Collateral. 

(b)        Without limiting the foregoing, the Servicer shall perform all aspects
of servicing, administering, collecting, liquidating, accounting for and managing (collectively, “administering”, “administer”, or “administration”) the Pledged Contracts it customarily performs in accordance with the
Accepted Servicing Practices, which practices are in accordance with applicable law and have been disclosed to the Program Agent, the Lenders and the Managing Agents prior to the date hereof. The administration provided by the Servicer shall include
but not be limited to all servicing currently provided by the Servicer, Financed Vehicle titling and lien perfection, customer service, insurance claim tracking and collection, insurance maintenance, Contract enforcement, Contract billing, payment
processing, portfolio and Contract accounting, portfolio management, delinquency collection, repossession, foreclosure, resale, and maintaining current Contract Debtor and Financed Vehicle location information (name, address and phone number). The
Servicer shall maintain current, accurate, and complete records of activity and comments regarding collection, insurance, payments, and other material events. The records regarding collection history, payments, Contract accounting, customer service
notes, Contract Debtor names and addresses and Principal Balance shall be computerized. The Servicer shall administer and otherwise deal with the Contracts in compliance with all applicable laws. The Servicer shall conduct foreclosure sales in a
commercially reasonable manner and take the steps necessary to preserve the deficiency liability of the Contract Debtors. 

  
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 (c)        The Servicer (so long as
it is DTCC) will at all times apply the same standards and follow the same procedures with respect to the decision to commence litigation with respect to the Pledged Contracts, and in prosecuting and litigating with respect to Pledged Contracts, as
it applies and follows with respect to retail installment or conditional sales contracts for the purchase of new or used Motor Vehicles serviced by it which are not Pledged Contracts; provided, however, that after the occurrence and during the
continuance of an Event of Termination, the Servicer shall commence or settle any legal action to enforce collection of any Charged-Off Contract or to foreclose upon or repossess any Financed Vehicle with respect thereto as directed by the Program
Agent. In no event shall the Servicer be entitled to make the Program Agent, any Managing Agent, any Lender or any Liquidity Provider a party to any litigation without the such Person’s express prior written consent. 

(d)        The Servicer shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Pledged Contracts as and when the same shall become due and shall follow such collection procedures as it follows with respect to all comparable automotive receivables that it services for itself or
others. The Servicer shall allocate Collections between principal and interest in accordance with its customary servicing procedures. The Servicer shall apply all Collections to the Pledged Contracts owed by the applicable Contract Debtors in a
timely manner in accordance with the business practices of DTCC in existence as of the date hereof. In the event the Servicer receives any Collections or other proceeds of the Collateral, it shall hold such Collections and other proceeds on behalf
of the Borrower for application and remittance in accordance with Section 2.06 or 2.07, as applicable, and it shall remit the same to the Collection Account to the extent required hereunder. To the extent the Servicer receives a payment from a
Contract Debtor with respect to a Pledged Contract with respect to which such Contract Debtor has not identified the Pledged Contract to which such payment should be applied (a payment in the exact amount of an outstanding invoice being sufficient
identification), the Servicer shall use its best efforts to contact such Contract Debtor to confirm the Pledged Contract to which such Contract Debtor intended that such payment be applied in accordance with the Servicer’s customary practices
and procedures. 
 (e)        The Servicer shall, as soon as practicable
following receipt, turn over to the Person entitled thereto collections in respect of any Contract which is not a Pledged Contract less, to the extent the Servicer performed any collection or enforcement actions which it was authorized by such
Person to perform, all reasonable and appropriate out of pocket costs and expenses of such Servicer incurred in collecting and enforcing such receivable. 
 (f)        The Servicer may, in accordance with its Credit and Collection Policy grant extensions, rebates or adjustments on a Pledged Contract. The Servicer may in
its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Pledged Contract. The Servicer shall not voluntarily agree to any alteration of the interest rate on any Pledged Contract.

 (g)        On behalf of the Borrower and the Program Agent for the
benefit of the Lenders, the Servicer shall use its best efforts, consistent with its customary servicing procedures, to repossess or otherwise convert the ownership of the Financed Vehicle securing any Pledged Contract as to which the Servicer shall
have determined eventual payment in full is unlikely. From time to time, as appropriate for servicing or foreclosing upon any Pledged Contract, the Borrower shall, upon written request of the Servicer, execute such documents as shall be reasonably
necessary to prosecute any such proceedings. The Servicer shall follow such customary and usual practices and procedures as it shall deem necessary or advisable in its servicing of Contracts, which may include reasonable efforts to realize proceeds
from the repossession of the related Financed Vehicle. The foregoing shall be subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with the repair or
the repossession of such Financed Vehicle unless it shall determine in its 

  
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reasonable discretion that such repair and/or repossession will increase the Net Liquidation Proceeds by an amount greater than the amount of such expenses. 

(h)        In the event of a loss or claim under a physical damages insurance
policy or comprehensive and collision insurance policy, the Servicer shall, in accordance with its customary servicing procedures take all necessary action to enforce all available rights and claims under such insurance policy. 

(i)        The Servicer shall, in accordance with its customary servicing
procedures, take such steps as are necessary to maintain perfection of the security interest created by each Pledged Contract in the related Financed Vehicle in favor of the Borrower. The Servicer is hereby authorized to take such steps as are
necessary to reperfect such security interest on behalf of the Borrower in the event of the relocation of a Financed Vehicle or for any other reason. 
 (j)        Upon the occurrence of Servicer Default or a Event of Termination, and subject to the other provisions of this Agreement, the Program Agent may instruct
the Servicer to take or cause to be taken, such action as may, in the opinion of counsel to the Program Agent, be necessary to perfect or reperfect the security interests in the Financed Vehicles securing the Pledged Contracts in the name of the
Program Agent by such reasonable means as may, in the opinion of counsel to the Program Agent, be reasonably necessary or prudent. The Servicer hereby agrees to pay all expenses related to such perfection or reperfection and to take all action
reasonably necessary therefor. 
 (k)        The Borrower shall deliver
to the Servicer, and the Servicer shall hold in trust for the Borrower, the Lenders and the Liquidity Providers in accordance with their respective interests, all Records. 

SECTION 6.03.  Servicing Fee; Servicer Expenses.    On each Settlement Date, the
Servicer shall be entitled to receive the Servicing Fee as set forth in Section 2.06 or Section 2.07 of this Agreement. The Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder,
including fees and disbursements of independent accountants, taxes imposed on the Servicer and expenses incurred in connection with distributions and reports to the Program Agent, the Managing Agents and the Lenders. 

SECTION 6.04.  Rights of the Program Agent 

(a)        Upon the occurrence and during the continuation of a Servicer Default
or an Event of Termination, the Program Agent (with the prior consent of the Majority Managing Agents) shall have the right at any time to assume exclusive control over the Collection Account by delivering a Notice of Exclusive Control to the
Securities Intermediary, and the Securities Intermediary, upon receipt of such Notice of Exclusive Control, will take all Entitlement Orders, instructions or other directions it receives from the Program Agent, on behalf of the Secured Parties, with
respect to the Collection Account, without further consent by the Borrower, the Servicer or any other Person, and shall cease complying with Entitlement Orders, instructions or other directions concerning the Collection Account originated by the
Borrower, the Servicer or any other Person. 
 (b)        At any time
and from time to time following a Servicer Default, the Borrower (or the Servicer) shall, upon the Program Agent’s request, upon no less than five (5) days’ notice, (i) make available all Records (other than any data processing
software licensed to the Servicer, the sale, assignment or other disposition of which is prohibited by the terms of the license relating thereto) which the Program Agent reasonably believes are necessary or appropriate for the administration and
enforcement of the Pledged Contracts, and shall make the same available to the Program Agent at the location(s) where the Records are ordinarily kept or a place convenient to the Servicer, and (ii) promptly,

  
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and in any event not later than two Business Days after identification thereof, remit all Collections for which it has good funds to the Program Agent or its designee. 

SECTION 6.05.  Responsibilities of the Borrower.    Anything herein to the contrary
notwithstanding, the Borrower shall (i) perform all of its obligations with respect to the Pledged Contracts to the same extent as if a security interest in the Pledged Contracts had not been granted hereunder and the exercise by the Program
Agent of its rights hereunder shall not relieve Borrower from such obligations and (ii) pay when due any Taxes, including without limitation, sales, excise and personal property taxes payable by it in connection with the Pledged Contracts. None
of the Program Agent, the Managing Agents, the Lenders or the Liquidity Providers shall have any obligation or liability with respect to any Pledged Contracts or other Collateral, nor shall any of them be obligated to perform any of the obligations
of the Borrower thereunder. 
 SECTION 6.06.  Further Action Evidencing Program Agent’s
Interest.    Each of the Borrower and the Servicer agrees that from time to time, at its expense, it will promptly execute and deliver all further instruments and documents, and take all further action that the Program Agent
may reasonably request in order to perfect, protect or more fully evidence the interest of the Program Agent or the Secured Parties granted hereunder or to enable the Program Agent to exercise or enforce any of its or the Secured Parties’
rights hereunder. Without limiting the generality of the foregoing, each of the Borrower and the Servicer will (i) code its master data processing records evidencing such Pledged Contracts to evidence that a security interest therein has been
granted to the Program Agent under this Agreement, and (ii) upon the request of the Program Agent, file such financing statements, continuation statements or amendments thereto or assignments thereof, and execute and file such other instruments
or notices, as may be necessary or appropriate or as the Program Agent may reasonably request. If after the occurrence and during the continuation of any Event of Termination, either the Borrower or the Servicer fails to perform any of its
respective agreements or obligations under this Agreement, the Program Agent may (but shall not be required to) itself perform, or cause performance of, such agreement or obligation, and the reasonable out-of-pocket expenses of the Program Agent
incurred in connection therewith shall be payable by the Borrower or the Servicer, as applicable, upon the Program Agent’s demand therefor. 
 SECTION 6.07.  Duties of Backup Servicer. 

(a)      Duties Prior to Servicing Turnover Date. Prior to the Servicing Turnover
Date, the Backup Servicer shall perform the procedures set forth below: 

(i)        confirm whether the calculations set forth in each
Borrowing Base Certificate delivered by the Borrower pursuant to this Agreement are mathematically accurate by recalculating all mathematical fields described therein; 

(ii)       confirm whether the calculations set forth in each Monthly
Report with respect to the following are mathematically accurate by recalculating (based solely upon the information contained in such Monthly Report) all mathematical fields necessary to calculation thereof: (A) each Level One Trigger Event;
(B) each Level Two Trigger Event; (C) each Level Three Trigger Event and (D) the occurrence of an Event of Termination pursuant to (x) Section 7.01(j) of this Agreement (Rolling Average Extension Rate);
(y) Section 7.01(l) of this Agreement (three month average Excess Spread Ratio) and (z) Section 7.01(n) of this Agreement (Average Gross Margin); 

(iii)      confirm whether the Pledged Contracts identified in each
Servicing Report are in the physical custody of the Custodian and deliver a report to the Program Agent detailing any exceptions with respect thereto; and 

  
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   (iv)      confirm
whether the data set forth in each Servicing Report with respect to each of (A) the aggregate Principal Balance of all Pledged Contracts; (B) aggregate Principal Balance of all Pledged Contracts that are Wet Contracts; (C) aggregate
Principal Balance of all Pledged Contracts as to which all or part in excess of 10.00% of any Scheduled Payment is (I) 1 or more but less than 31 days delinquent; (II) 31 or more but less than 61 days delinquent; (III) 61 or more but less than
91 days delinquent; (IV) 91 or more but less than 121 days delinquent; and (V) 121 or more days delinquent and (D) the aggregate Principal Balances of all Eligible Contracts as to which the related Contract Debtor is rated “D+”,
“D” or “D-” pursuant to the Credit and Collection Policy, is identical to the data set forth in each Monthly Report. 
 The Backup Servicer shall report to the Borrower, the Servicer and each Managing Agent exceptions, if any, with respect to, or confirm the accuracy of the information described in the foregoing clauses
(i), (ii) and (iv), as applicable, contained in, any Borrowing Base Certificate or any Monthly Report on the Business Day following the receipt thereof. If the Backup Servicer reports any exceptions to any Borrowing Base Certificate or Monthly
Report, the Backup Servicer shall provide the Borrower, the Servicer and each Managing Agent with written notice describing such exceptions, and the Borrower, the Servicer and the Backup Servicer shall attempt to reconcile such exceptions. If the
Borrower, the Servicer and the Backup Servicer are unable to reconcile exceptions with respect to a Borrowing Base Certificate or Monthly Report, the Managing Agents, may, through their designated representatives, including without limitation any
independent certified public accountants they select, examine the Servicer’s or the Borrower’s books and records and conduct other reasonable procedures as described in Sections 5.01(c) or 5.04(c), as applicable, at the Servicer’s or
the Borrower’s expense, to reconcile such exceptions or correct errors associated with them and the applicable Borrowing Base Certificate or Monthly Report, as the case may be, shall be amended and redistributed to reflect the effect, if any,
of such reconciliation or corrections, as soon as reasonably practicable. If the Backup Servicer, the Borrower and the Servicer are unable to reconcile exceptions with respect to a Borrowing Base Certificate or Monthly Report, the report prepared by
the Backup Servicer and all calculations set forth therein shall control for all purposes hereunder absent manifest error. 
 (b)        Servicing Turnover.  Effective as of the Servicing Turnover Date (as used herein, “Servicing Turnover Date” means the
date on which Program Agent delivers a Termination Notice to the Servicer and the Backup Servicer pursuant to Section 6.01(c) hereof), the Backup Servicer shall, pursuant to Section 6.01(d), be appointed as the successor Servicer and,
except as otherwise expressly set forth herein, be the successor in all respects to the predecessor Servicer. The Backup Servicer, as successor Servicer, shall perform the duties and obligations of the Servicer set forth in Section 6.02 in
accordance with all applicable federal, state or local laws and regulations and with the degree of skill, care and diligence as is customary and usual in the industry for third party servicers who service comparable assets (the “Required
Standard of Care”). 
 SECTION 6.08.  Collection and Allocation of Contract
Payments;  Modifications of Pledged Contracts. 

(a)        From and after the Servicing Turnover Date, the successor Servicer
shall make its best efforts to collect all Scheduled Payments as and when the same shall become due consistent with the standards, policies and procedures required by this Agreement and in accordance with the Required Standard of Care. 

(b)        From and after the Servicing Turnover Date, the successor Servicer is
authorized in its discretion to waive any prepayment charge, late payment charge or any other similar fees that may be collected in the ordinary course of servicing any Pledged Contract. The successor Servicer shall

  
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allocate Collections relating to principal and interest in accordance with the terms of the related Pledged Contracts and the Agreement. 

(c)        From and after the Servicing Turnover Date, the successor Servicer may
grant payment extensions on, or other modifications or amendments to, a Pledged Contract in accordance with the Required Standard of Care if the successor Servicer believes in its best business judgment that such extension, modification or amendment
will maximize the amount to be received with respect to such Pledged Contract. In doing so, the successor Servicer may at any time agree to (i) a modification or amendment of a Pledged Contract in order to change the Contract Debtor’s
regular due date to a date within thirty (30) days in which such due date occurs, or (ii) a modification or amendment of a Pledged Contract in order to re-amortize the Scheduled Payments on the Pledged Contract. Notwithstanding anything in
the foregoing to the contrary, the successor Servicer shall not agree to any extension, amendment or deferral with respect to any Pledged Contract in respect of which payments are scheduled to be made on other than a monthly (or more frequent
payment schedule, as applicable) basis. 
 SECTION 6.09.  Realization upon Pledged
Contracts.    From and after the Servicing Turnover Date, consistent with the Required Standard of Care, the successor Servicer shall use its best efforts to repossess (or otherwise comparably convert the ownership of) and
liquidate any Financed Vehicle securing a Pledged Contract with respect to which the successor Servicer has determined that payments thereunder are not likely to be resumed, as soon as is practicable after default on such Pledged Contract (other
than in the case of Financed Vehicles where neither the Financed Vehicle nor the Contract Debtor can be physically located by the successor Servicer using procedures consistent with the Required Standard of Care) and other than in the case of a
Contract Debtor who is subject to a bankruptcy proceeding. All amounts received upon liquidation of a Financed Vehicle shall be remitted by the successor Servicer to the Collection Account as soon as practicable. The successor Servicer shall be
entitled to recover all reasonable expenses incurred by it in the course of repossessing and liquidating a Financed Vehicle. 
 SECTION 6.10.  Backup Servicing Fee; Backup Servicing Expenses. 
 (a)        On the Closing Date, the Borrower shall pay to the Backup Servicer a one-time acceptance fee equal to $2,000. Prior to the Servicing Turnover Date,
Borrower shall pay to the Backup Servicer (i) on each Settlement Date pursuant to Section 2.06 or 2.07, as applicable, a fee (not less than $5,000) equal to the product of (x) two basis points (0.02%) and (y) the aggregate
Principal Balance of all Pledged Contracts at the beginning of the preceding calendar month and (ii) each time that Backup Servicer test loads its system file and simulates a conversion of data, as provided in Section 6.15(a) hereof, a fee
of $4,850.00 plus an additional $0.25 per account; provided that so long as no Incipient Servicer Default, Incipient Event of Termination, Servicer Default or Event of Termination has occurred and is continuing, Backup Servicer will not be
required to test load its system file more than once in each 12 month period 

(b)        From and after the Servicing Turnover Date and in lieu of the other
fees provided in this Section 6.10, the successor Servicer will be entitled to receive the Servicer Fee at such times and in the manner described in Sections 2.06 and 2.07 hereof. 

SECTION 6.11.  Access to Certain Documentation and Information Regarding Pledged
Contracts.  The Backup Servicer shall provide to representatives of the Borrower and the Program Agent reasonable access to the documentation (including any computer tapes or files) regarding the Pledged Contracts. Such access shall be
afforded without charge, but only upon reasonable and prior written request and during normal business hours at the offices of the Backup Servicer where it has notified the Borrower and the Program Agent it is administering its obligations
hereunder. 

  
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 SECTION 6.12.  Disposition of Financed
Vehicle.    In the event that any Financed Vehicle is repossessed by the successor Servicer, the disposition of any such Financed Vehicle shall be carried out by the successor Servicer at such price and upon such terms and
conditions as the successor Servicer shall determine in accordance with the Required Standard of Care and with a view to maximizing the net proceeds from such disposition. The successor Servicer shall post the proceeds of any such disposition to the
customer’s account and remit such amount into the Collection Account as part of Collections. 
 SECTION
6.13.  Application of Collections.    The successor Servicer shall apply all Collections with respect to each Pledged Contract for each Accounting Period to interest and principal in accordance with the terms of
such Pledged Contract and this Agreement. 
 SECTION 6.14.  Predecessor Work
Product.    Notwithstanding anything contained in this Agreement to the contrary, the successor Servicer, is authorized to accept and rely on all of the accounting records (including computer records) and work of the prior
servicer relating to the Pledged Contracts (collectively, the “Predecessor Servicer Work Product”) without any audit or other examination thereof, and the successor Servicer, shall have no duty, responsibility, obligation or
liability for the acts and omissions of the prior servicer. If any error, inaccuracy, omission or incorrect or non-standard practice or procedure (collectively, “Errors”) exist in any Predecessor Servicer Work Product and such
Errors make it materially more difficult to service or should cause or materially contribute to the successor Servicer, making or continuing any Errors (collectively, “Continued Errors”), the successor Servicer shall have no duty,
responsibility, obligation or liability for such Continued Errors; provided, however, that the successor Servicer agrees to use its best efforts to prevent further Continued Errors. In the event that the successor Servicer becomes aware of
Errors or Continued Errors, it shall, with the prior consent of the Program Agent use its best efforts to reconstruct and reconcile such data as is commercially reasonable to correct such Errors and Continued Errors and to prevent future Continued
Errors. The successor Servicer shall be entitled to recover its reasonable costs thereby expended from the Borrower. 
 SECTION 6.15.  Duties of Backup Servicer Prior to Servicing Turnover Date. 
 (a)        The Servicer and the Borrower agree to deliver to Backup Servicer on or before the 10th day of each month a computer tape or disk (the “Servicing Report”) with respect to all Pledged
Contracts and containing the information fields set forth on Exhibit C-1 hereto and in a format acceptable to the Backup Servicer (in the event as of the close of business on the last Business Day of the preceding month before the month of such
delivery) and such other information as the Backup Servicer may reasonably request as necessary to permit the Backup Servicer to assume the substitute servicing functions. In addition, on or about July 1 of each year or at such other date as
the Program Agent may request during a calendar year upon at least ten (10) days notice to the Servicer and the Backup Servicer, based on the most recent Servicing Report, the Backup Servicer will determine whether it has received the
information adequate to assume all servicing functions and perform a test conversion by loading the electronic information provided by the Borrower and the Servicer, in order to ensure the information is compatible with the Backup Servicer’s
computer systems and adequate for fulfilling the Backup Servicer’s obligations under the Facility Documents. 
 (b)        In addition to the information and materials provided by the Servicer and the Borrower pursuant to Section 6.15(a), promptly and in no event more
than five (5) Business Days after the Servicing Turnover Date, the Servicer and the Borrower will provide the documents and information reasonably necessary for the Backup Servicer to carry out the servicing functions. The Servicer and the
Borrower will make arrangements with the Backup Servicer for the prompt and safe transfer of, and the Servicer and the Borrower will provide to the Backup Servicer, all necessary servicing files and records,

  
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including (as deemed necessary by the Backup Servicer at such time): (i) documentation relating to the Pledged Contracts (to the extent in the possession of the Borrower or the Servicer);
(ii) servicing systems tapes and diskettes relating to the Pledged Contracts (in a format acceptable to the Backup Servicer); (iii) payments and collections histories relating to the Pledged Contracts; (iv) reconciliations of amounts
on deposit from time to time in the Depository Accounts and the Collection Account, including, without limitation, amounts constituting Collections; and (v) all other servicing related information and materials as may be necessary to allow the
Backup Servicer to perform the backup servicing functions. 

(c)        It is expressly understood that the Backup Servicer (i) will not
be responsible for delays attributable to the Servicer or the Borrower’s failure to deliver information (in a format acceptable to the Backup Servicer), defects in the information supplied by the Servicer or the Borrower, or other circumstances
beyond the control of the Backup Servicer; and (ii) will not be in default hereunder nor incur any liability for any failure, error, malfunction or any delay in carrying out any of its duties under this Agreement if any such failure or delay
results from the Backup Servicer acting in accordance with information prepared or supplied by a Person other than the Backup Servicer or the failure of any such Person to prepare or provide such information. The Backup Servicer shall have no
responsibility, shall not be in default, and shall incur no liability (x) for any act or failure to act by any third party, including, without limitation, the Servicer or the Borrower, or for any inaccuracy or omission in a notice or
communication received by the Backup Servicer from any Person; or (y) which is due to or results from the invalidity or unenforceability of any Contract under applicable law or the breach or the inaccuracy of any representation or warranty made
with respect to any Contract, provided, however, that this provision shall not protect the Backup Servicer against any liability that would otherwise be imposed by reason of a breach of this Agreement or willful misfeasance, bad faith or
gross negligence in the performance of duties under this Agreement. The Backup Servicer shall only be liable for direct damages caused by its failure to comply with this Agreement or willful misfeasance, bad faith or gross negligence in the
performance of duties under this Agreement and shall not be liable for indirect or consequential damages. 

(d)        The Borrower will be responsible for providing complete and accurate
information and documentation to the Backup Servicer as provided herein, but the Borrower shall not otherwise be responsible or directly or indirectly liable for the performance of the Backup Servicer’s obligations pursuant to this Agreement.

 (e)        Other than the duties specifically set forth in this
Agreement, the Backup Servicer shall have no obligations, including without limitation to supervise, verify, monitor or administer the performance of the Servicer. The Backup Servicer shall have no liability for any actions taken or omitted by the
Servicer. 
 (f)        The Backup Servicer shall be permitted to
delegate any of its duties or responsibilities as Backup Servicer to any Person; provided, that notwithstanding any such delegation by the Backup Servicer, (i) the Backup Servicer shall remain liable for the timely and complete performance of
its duties and obligations pursuant to the terms hereof, (ii) the Backup Servicer shall retain management information systems and sufficient servicing capability, in the reasonable judgment of the Program Agent and each Managing Agent, to
perform its duties and obligations described herein, and (iii) any sub-servicing agreement that may be entered into by the Backup Servicer pursuant to this Section 6.15(f) shall be deemed to be between such sub-servicer and the Backup
Servicer alone, and none of the Lenders, the Program Agent, the Managing Agents and the Liquidity Providers shall be deemed parties thereto or shall have any obligations, duties or liabilities with respect to any sub-servicer engaged by the Backup
Servicer. The Backup Servicer shall give the Program Agent prior written notice of any such delegation. 

  
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 SECTION 6.16.  Remittances to the Collection
Account.  From and after the Servicing Turnover Date, on a weekly basis, the successor Servicer shall identify Collections received by the successor Servicer and remit the amounts, to the Collection Account as provided for herein and
pending such remittance, such funds shall be held by the successor Servicer in trust for the benefit of the Program Agent. 
 SECTION 6.17.  Reports.  On each Monthly Reporting Date from and after the Servicing Turnover Date, the successor Servicer shall provide Program Agent with a Monthly Report.

 SECTION 6.18.  Representations and Warranties of Backup Servicer.  The Backup
Servicer, represents and warrants to each party hereto that: 

(a)        The Backup Servicer is a national banking association duly organized,
validly existing and in good standing under the laws of the jurisdiction of its organization. 

(b)        The Backup Servicer has all requisite corporate or other power and has
all governmental licenses, authorizations, consents, and approvals necessary to own its assets, carry on its business as now being or as proposed to be conducted and to perform the servicing obligations required pursuant to this Agreement.

 (c)        The Backup Servicer is qualified to do business and is in
good standing in all other jurisdictions in which the nature of the business conducted by it make such qualification necessary. 
 (d)        The Backup Servicer is in compliance in all material respects with all Requirements of Law. 

(e)        There are no actions, suits, arbitrations, investigations or
proceedings pending or to its knowledge threatened against the Backup Servicer which would materially and adversely affect its business and operations or the ability of the Backup Servicer to perform the obligations hereunder. 

(f)        No authorizations, approvals or consents of, and no filings or
registrations with, any Governmental Authority, or any other Person are necessary for the execution, delivery and performance by the Backup Servicer of this Agreement or for the legality, validity, or enforceability thereof against the Backup
Servicer. 
 (g)        The execution and delivery of this Agreement
will not conflict with or result in a breach of the charter or bylaws of the Backup Servicer, or any applicable law, rule or regulation, or any order, writ, injunction, or decree of any governmental authority, or any other material agreement or
instrument to which the Backup Servicer is a party or by which it or its property is bound or affected. 

(h)        The Backup Servicer is experienced in servicing subprime automobile
retail installment contracts and has the ability to handle biweekly and/or irregular payments. 
 SECTION
6.19.  Backup Servicer Resignation/Replacement.  The Backup Servicer may not resign from the obligations and duties hereby imposed on it as Backup Servicer under this Agreement except (a) upon determination that by
reason of a change in legal requirements the performance of its duties under this Agreement would cause it to be in violation of such legal requirements in a manner which would result in a material adverse effect on the Backup Servicer; (b) the
fees set forth in Section 6.10 are not paid in a timely manner; or (c) upon the prior written consent of the Program Agent and the Borrower (provided that such consent of Borrower shall not be required during the continuance of an
Incipient Event of Termination or Event of Termination). Notice of any such determination referred to in 

  
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clause (a) permitting the resignation of the Backup Servicer shall be communicated to the Program Agent at the earliest practicable time (and, if such communication is not in writing, shall
be confirmed in writing at the earliest practicable time). Unless required by applicable law, the resignation of the Backup Servicer shall not be effective unless and until a substitute Backup Servicer shall have been approved by the Program Agent.
If (i) the Backup Servicer fails to perform any of its obligations hereunder within thirty (30) days after written notice by the Program Agent or the Borrower, (ii) the Backup Servicer shall apply for or consent to the appointment of,
or the taking of possession by, a receiver, custodian, trustee, examiner or liquidator of itself or of all or a substantial part of its property, (iii) the Backup Servicer makes a general assignment for the benefit of its creditors,
(iv) the Backup Servicer files a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, liquidation, dissolution, arrangement or winding up, or composition or readjustment of debts,
(v) Backup Servicer takes any corporate or other action for the purpose of effecting any of the foregoing or (vi) the Program Agent, in its reasonable discretion, determines that Backup Servicer is no longer able to perform the services
required hereunder (including by reason of changes in the nature of Backup Servicer’s business), then and in any such event, Program Agent or Borrower (so long as no Event of Termination or Incipient Event of Termination has occurred and is
continuing) may terminate all rights of Backup Servicer hereunder in which case Borrower shall obtain a substitute backup servicer within sixty (60) days of such termination, which backup servicer shall be satisfactory to Program Agent in
Program Agent’s reasonable discretion. In all other events, the obligations of Backup Servicer hereunder shall continue until all of the obligations have been paid and performed in full. 

SECTION 6.20.  Backup Servicer Successor.    Any person (a) into which the
Backup Servicer may be merged or consolidated, (b) which may result from any merger or consolidation to which the Backup Servicer is a party or (c) which may succeed to the property and assets of the Backup Servicer substantially as a
whole, shall be the successor to the Backup Servicer hereunder without any further act; provided, however, that if the Backup Servicer is not the surviving entity, the surviving entity shall execute an agreement of assumption to perform the
obligations of the Backup Servicer hereunder. 
 ARTICLE VII 

EVENTS OF TERMINATION 
 SECTION 7.01.  Events of Termination.  If any of the following events (each, an “Event of Termination”) shall occur: 

(a)        The Borrower shall fail to make any payment (x) of principal in
respect of the Loans when due (whether at stated maturity, upon acceleration or at mandatory prepayment (pursuant to Section 2.05(b) or otherwise) and without giving effect to availability of funds) or (y) of Interest on the Loans or
Liquidity Fees when due; 
 (b)        The Borrower, the Originator, the
Servicer or any Performance Guarantor shall fail to make any payment or deposit required to be made by it hereunder (other than as described in clause (a) above) or under any other Facility Document when due and such failure shall continue
unremedied for three (3) Business Days; 
 (c)        The Borrower,
the Originator, the Servicer or any Performance Guarantor shall fail to perform or observe any term, covenant or agreement contained in this Agreement or any other Facility Document on its part to be performed or observed and any such failure shall
remain unremedied for five (5) Business Days after any Affected Party gives notice thereof to a Responsible Officer of the Borrower, the Originator, the Servicer or any Performance Guarantor, as applicable, or the Borrower, the Originator, the
Servicer or any Performance Guarantor, as applicable, otherwise obtains knowledge thereof; 

  
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 (d)        Any representation or
warranty made or deemed to be made by the Borrower, the Originator, the Servicer or any Performance Guarantor under or in connection with this Agreement or any other Facility Document (including any Monthly Report, any Monthly Serviced Portfolio
Report, any Borrowing Base Certificate, any Borrowing Request or other information or report delivered pursuant hereto) shall prove to have been materially false or incorrect (except that the materiality standard in this clause (d) shall not
apply to any such representation or warranty that is qualified by a materiality standard by its terms) when made or deemed made or delivered; 
 (e)        The Program Agent, on behalf of the Secured Parties, shall cease to have a valid and perfected first priority security interest in the Pledged Contracts
and Collections with respect thereto or any other Collateral; 

(f)        An Event of Bankruptcy shall occur with respect to any Transaction
Party; 
 (g)        A Servicer Default shall occur; 

(h)        A “Purchase Termination Event” shall occur under (and as
defined in) the Purchase Agreement; 
 (i)         A Level Two Trigger
Event shall occur; 
 (j)        At any time, the Rolling Average
Extension Rate shall exceed 5.00%; 
 (k)        At any time,

 (A)        the Net Worth of the DT Entities On A
Consolidated Basis shall be less than $360,000,000, plus 50% of positive net income earned after December 31, 2010; or 
 (B)        Available Liquidity shall be less than $20,000,000; 
 (l)        As of any date of determination, 
 (A)        the average of the Excess Spread Ratios for the three Accounting Periods immediately preceding such date shall be less than 5.00%; or 

(B)        the Walk-In Payment Ratio for such date of
determination exceeds 2.0%; 
 (m)        As of any Quarterly
Measurement Date, either (x) the Leverage Ratio shall be greater than 5.0:1.0 or (y) the Coverage Ratio shall be less than 1.15:1.0; 
 (n)        The Average Gross Margin achieved on all vehicle sales during any Accounting Period shall be less than $3,700; 

(o)        As of the close of business on any date and after giving effect to any
increases or reductions to the Outstanding Loan Amount on such date, (i) any Borrowing Base Deficiency (other than a Borrowing Base Deficiency caused solely as a result of the effect of clause (b) or (c) of the definition of
“Advance Rate Reduction”) shall exist and such Borrowing Base Deficiency shall continue unremedied for two (2) Business Days or (ii) the Outstanding Loan Amount exceeds the Facility Limit and such excess shall continue unremedied
for two (2) Business Days; 

  
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(p)        (i)  (A) The Borrower shall fail to make any payment in
respect of any Indebtedness in an aggregate principal amount exceeding $25,000 when and as the same shall become due and payable or (B) an event of default shall have occurred and be continuing under an agreement, or related agreements, under
which the Borrower has outstanding Indebtedness; or (ii) (A) any DT Entity (other than the Borrower) shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Indebtedness with a principal
amount in excess of $1,000,000, when and as the same shall become due and payable (subject to any applicable grace period), (B) any event or condition occurs and, while continuing, results in any Indebtedness of a DT Entity (other than the
Borrower) with a principal amount in excess of $1,000,000 becoming due prior to its scheduled maturity or that enables or permits (subject to any applicable grace period) the holder or holders of any such Indebtedness or any trustee or agent on its
or their behalf to cause any such Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or (C) any creditor of any DT Entity takes any action against the
collateral pledged to such creditor by or on behalf of such DT Entity; 

(q)        (i) One or more final judgments, decrees or orders for the payment of
money shall be rendered against the Borrower in the aggregate amount of $25,000 or more (other than (x) a judgment which is fully discharged within 30 days after its entry, or (y) a judgment, the execution of which is effectively stayed
within 30 days after its entry but only for 30 days after the date on which such stay is terminated or expires) or (ii) one or more judgments for the payment of money in an aggregate amount in excess of $1,000,000 and not covered by insurance
shall be rendered against any DT Entity, any Subsidiary of any DT Entity (other than the Borrower) or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively
stayed, vacated or bonded pending appeal, or any action shall be legally taken by a judgment creditor to attach or levy upon material assets of any DT Entity or any Subsidiary of any DT Entity (other than the Borrower) to enforce one or more
judgments for the payment of money in an aggregate amount in excess of $1,000,000; 

(r)        (i) Any of this Agreement, the Purchase Agreement or any other
Facility Document shall cease to be in full force and effect (other than in accordance with its terms) or any of the Borrower, the Originator, the Servicer or any Performance Guarantor shall so assert in writing or otherwise seek to terminate or
disaffirm its obligations under any such Facility Document at any time following the execution thereof; 

(s)        Either (A) a Change of Control shall have occurred or
(B) Raymond C. Fidel ceases to be employed by DTAG in his current capacity (or a more senior capacity) for any reason or Ernest C. Garcia II ceases to be Chairman of the Board of DTAC, unless a satisfactory replacement for Raymond C. Fidel
and/or Ernest C. Garcia II is approved by the Program Agent in its reasonable discretion; or 

(t)        Any Person shall engage in any Prohibited Transaction involving any
Plan, (ii) any material “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of
any DT Entity or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single
Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Program Agent, likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any
Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) any DT Entity or any Commonly Controlled Entity shall, or in the reasonable opinion of the Managing Agents is likely to, incur any liability in connection with a
withdrawal from, or the insolvency or reorganization of, a Multiemployer Plan or (vi) any other 

  
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event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or
conditions, if any, could reasonably be expected to have a Material Adverse Effect; 

(u)        Any Transaction Party receives notice or becomes aware that a notice
of federal tax lien has been filed against any Transaction Party; 

(v)        The DT Entities do not engage in a Securitization Transaction which
includes 95% or more of the aggregate principal balance of Pledged Contracts at the time such Securitization Transaction closes within 365 days after the date hereof; 

(w)        A Material Adverse Effect shall occur; 

(x)        As of the last day of any Accounting Period, the DT Entities On A
Consolidated Basis shall cease for any reason to have cash and Cash Equivalents equal to or greater than $15,000,000; 
 (y)        Any DT Entity shall pay any bonus or make any Restricted Payment (other than a Permitted Distribution) to Ernest C. Garcia II without the Program
Agent’s prior approval in its sole discretion; 
 (z)        The
Servicer shall cease to be licensed or authorized to do business in any state and such condition shall continue unremedied for two weeks; 
 (aa)        Any Person shall be appointed as an Independent Director of the Borrower without prior notice thereof having been given to the Program Agent in
accordance with Section 5.02(m) or without the written acknowledgment by the Program Agent that such Person conforms, to the satisfaction of the Program Agent, with the criteria set forth in the definition herein of “Independent
Director”; or 
 (bb)        A determination in good faith by the
Program Agent that any DT Entity, the Borrower or Ernest C. Garcia II has engaged in fraud, malfeasance or intentional or willful misconduct in connection with the transactions contemplated by the Facility Documents. 

SECTION 7.02.  Remedies. 

(a)        If an Event of Termination shall occur and be continuing, the Program
Agent shall, at the request, or may with the consent, of the Majority Committed Lenders by notice to the Borrower, declare the Termination Date to have occurred; provided, however, that, in the case of any event described in subsection
(f) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. Upon any such declaration or automatic occurrence, the Program Agent and the Secured Parties shall have, in addition to all other
rights and remedies under this Agreement or otherwise, but subject to the following sentence, the limitations set forth in this Article VII and Section 10.09 hereof, all other rights and remedies provided under the UCC of the applicable
jurisdiction and other applicable laws, which rights shall be cumulative. Upon the declaration or automatic occurrence of the Termination Date in accordance with this Section 7.02, all obligations hereunder shall be immediately due and payable
and all Loans shall be immediately due and payable. The Program Agent is also irrevocably authorized to, at any time, following the Termination Date which arises by virtue of clause (ii) of the definition thereof, demand payment of the full
unpaid principal amount of the Demand Note. 

  
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 (b)        Without limiting the
generality of the foregoing, during the continuation of a Foreclosure Event, the Program Agent on behalf of the Secured Parties without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any
notice required by law referred to below) to or upon the Borrower, the Servicer or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive,
appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the
foregoing), at public or private sale or sales, at any exchange, auction or office of the Program Agent or elsewhere upon such terms and conditions and at prices that are consistent with the prevailing market for similar collateral as it may deem
advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The Program Agent shall have the right upon any such public sale or sales, and, to the extent permitted by law,
upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in the Borrower, which right or equity is hereby waived or released. The Program Agent shall apply the net
proceeds of any such collection, recovery, receipt, appropriation, realization or sale, after deducting all reasonable costs and expenses of every kind incurred therein or incidental to the care or safekeeping of any of the Collateral or in any way
relating to the Collateral or the rights of the Program Agent hereunder, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Borrower Obligations, in such order as the Program
Agent may elect, and only after such application and after the payment by the Program Agent of any other amount required or permitted by any provision of law, including, without limitation, Section 9 504(1)(c) of the UCC, need the Program Agent
account for the surplus, if any, to the Borrower. 
 (c)        During
the continuation of a Foreclosure Event, each of the Borrower and the Servicer further agrees, at the Program Agent’s request, to assemble the Collateral and make it available to the Program Agent at places which the Program Agent shall
reasonably select, whether at the Borrower’s or the Servicer’s premises or elsewhere. 

(d)        To the extent permitted by applicable law, the Borrower and the
Servicer waive all claims, damages and demands it may acquire against the Secured Parties arising out of the exercise by any of the Secured Parties of any of its rights hereunder, other than those claims, damages and demands arising from the gross
negligence or willful misconduct of such Secured Party. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 Business Days before such
sale or other disposition. The Borrower shall remain liable for any deficiency (plus accrued interest thereon) if the proceeds of any sale or other disposition of the Collateral are insufficient to pay the Borrower Obligations and the reasonable
fees and disbursements of any attorneys employed by any of the Secured Parties to collect such deficiency. 

SECTION 7.03.  Appointment as Attorney in Fact. 

(a)        Each of the Borrower and the Servicer hereby irrevocably constitutes
and appoints the Program Agent and any officer or agent thereof, with full power of substitution, effective during the continuation of any Event of Termination, as its true and lawful attorney in fact with full irrevocable power and authority in the
place and stead of the Borrower and the Servicer and in the name of the Borrower and the Servicer or in its own name, from time to time in the Program Agent’s discretion, for the purpose of carrying out the terms of this Agreement, to take any
and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each of the Borrower and the
Servicer hereby gives the Program Agent the power and right, on behalf of the Borrower and the 

  
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Servicer, without assent by, but with notice to, the Borrower, if an Event of Termination shall have occurred and be continuing, to do the following: 

  (i)        in the name of the Borrower and the
Servicer or its own name, or otherwise, to take possession of and endorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Optional Contract Debtor Insurance or with respect to any other
Collateral and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Program Agent for the purpose of collecting any and all such moneys due under any such Optional Contract
Debtor Insurance or with respect to any other Collateral whenever payable; 

  (ii)       to pay or Discharge taxes and Liens levied or
placed on or threatened against the Collateral; and 

  (iii)      (A) to direct any party liable for any payment
under any Collateral to make payment of any and all moneys due or to become due thereunder directly to the Program Agent or as the Program Agent shall direct; (B) to ask or demand for, collect, receive payment of and receipt for, any and all
moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (C) to sign and endorse any invoices, assignments, verifications, notices and other documents in connection with any of the
Collateral; (D) to commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any thereof and to enforce any other right in respect of any Collateral;
(E) to defend any suit, action or proceeding brought against the Borrower with respect to any Collateral; (F) to settle, compromise or adjust any suit, action or proceeding described in clause (E) above and, in connection therewith,
to give such discharges or releases as the Program Agent may deem appropriate; and (G) following a Foreclosure Event, generally, to sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral as
fully and completely as though the Program Agent were the absolute owner thereof for all purposes, and to do, at the Program Agent’s option and the Borrower’s and the Servicer’s expense, at any time, or from time to time, all acts and
things which the Program Agent deems necessary to protect, preserve or realize upon the Collateral and the Lien of the Program Agent for the benefit of the Secured Parties thereon and to effect the intent of this Agreement, all as fully and
effectively as the Borrower or the Servicer might do. 
 Each of the Borrower and the Servicer hereby ratifies all that such
attorneys shall lawfully do or cause to be done by virtue hereof. This power of attorney is a power coupled with an interest and shall be irrevocable until payment in full of all Borrower Obligations. 

(b)        Each of the Borrower and the Servicer also authorizes the Program
Agent, at any time and from time to time, to execute, in connection with the sale provided for in Section 7.02 hereof, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral. 

(c)        The powers conferred on the Program Agent are solely to protect the
Program Agent’s (for the benefit of the Secured Parties) interests in the Collateral and shall not impose any duty upon the Program Agent to exercise any such powers. The Program Agent shall be accountable only for amounts that it actually
receives as a result of the exercise of such powers, and neither the Program Agent nor any of its officers, directors, or employees shall be responsible to the Borrower or the Servicer for any act or failure to act hereunder, except for its own
gross negligence or willful misconduct. 

  
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 SECTION 7.04.  Performance of Borrower’s or
Servicer’s Obligations.    If the Borrower or the Servicer fails to perform or comply with any of its material agreements contained in the Facility Documents and the Program Agent, any Managing Agent or any Lender may
itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out of pocket expenses of the Program Agent, such Managing Agent or such Lender incurred in connection with such performance or compliance,
together with interest thereon at a rate per annum equal to the Alternative Rate, shall be payable by the Borrower to the Program Agent, such Managing Agent or such Lender on demand and shall constitute Borrower Obligations. 

SECTION 7.05.  Proceeds.    If an Event of Termination shall occur and be
continuing, subject to the Master Agency Agreement, all proceeds of Collateral received by the Borrower or the Servicer consisting of cash, checks and other near cash items shall be held by the Borrower or the Servicer in trust for the Secured
Parties, segregated from other funds of the Borrower or the Servicer, and shall forthwith upon receipt by the Borrower or the Servicer be deposited to the Collection Account in accordance with this Agreement and applied against the Borrower
Obligations pursuant to Section 2.07 hereof. For purposes hereof, proceeds shall include, but not be limited to, all principal and interest payments, all prepayments and payoffs, insurance claims, sale proceeds, and any other income and all
other amounts received with respect to the Collateral. 
 SECTION 7.06.  Powers Coupled with an
Interest.    All authorizations and agencies herein contained with respect to the Collateral are irrevocable and powers coupled with an interest. 
 ARTICLE VIII 
 INDEMNIFICATION 

SECTION 8.01.  Indemnities by the Borrower.    Without limiting any other rights
which any Affected Party may have hereunder or under applicable law (including, without limitation, the right to recover damages for breach of contract), the Borrower hereby agrees to indemnify each Lender, the Program Agent, each Managing Agent,
the Servicer (if not an Affiliate of the Borrower), the Backup Servicer, the Paying Agent and each Liquidity Provider, and their respective directors, officers and employees (the “Indemnified Parties”), from and against any and all
damages, losses, claims, liabilities and related costs and expenses, including reasonable external attorneys’ fees and disbursements (all of the foregoing being collectively referred to as “Indemnified Amounts”), awarded
against or incurred by such Indemnified Party to the extent relating to or arising from or as a result of this Agreement or the funding or maintenance of Loans made by a Lender hereunder subject to the proviso set forth below. Without limiting the
generality of the foregoing indemnification, the Borrower shall indemnify the Indemnified Parties for Indemnified Amounts to the extent relating to or resulting from any of the following: 

  (i)        the failure of any Pledged Contract
represented by the Borrower to be an Eligible Contract hereunder to be an “Eligible Contract” at the time of such representation; 
   (ii)       reliance on any representation or warranty made or deemed made by the Borrower under this Agreement or any other Facility Document to which it is
a party which shall have been false or incorrect when made or deemed made; 

  (iii)      the failure by the Borrower to comply with any
term, provision or covenant contained in this Agreement, the Purchase Agreement or any other Facility Document to which it is party or with any applicable law, rule or regulation with respect to any Pledged Contract or other Collateral, or the
nonconformity of any Pledged Contract or other Collateral with any such applicable law, rule or regulation; 

  
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  (iv)        any products liability claim or personal
injury or property damage suit or other similar or related claim or action of whatever sort arising out of or in connection with any Financed Vehicle or other goods or services, the sale or provision of which gave rise to or are the subject of any
Pledged Contract; 
   (v)        the failure
to pay when due any Taxes, including, without limitation, sales, excise or personal property Taxes payable by the Borrower in connection with the Collateral; 

  (vi)        the payment by such Indemnified Party of
Indemnified Taxes, including, without limitation, any Indemnified Taxes imposed by any jurisdiction on amounts payable and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, to the extent caused by
the Borrower’s actions or failure to act in breach of this Agreement; 

  (vii)       the failure to vest and maintain vested in
the Program Agent, on behalf of the Secured Parties, a first priority perfected security interest in the Collateral, free and clear of any Lien except a Lien in favor of the Program Agent, whether existing at the time such Collateral arose or at any
time thereafter; 
   (viii)      the failure to file,
or any delay in filing, financing statements or other similar instruments or documents under the applicable UCC or other applicable laws naming the Borrower as “Debtor” with respect to any Collateral; 

  (ix)        any dispute, claim, offset or defense
(other than as a result of the bankruptcy or insolvency of the related Contract Debtor) of a Contract Debtor to the payment of any Pledged Contract (including, without limitation, a defense based on such Pledged Contract not being a legal, valid and
binding obligation of such Contract Debtor enforceable against it in accordance with its terms), or any other claim resulting from the sale or financing of the Financed Vehicle related to such Pledged Contract (other than as a result of the
bankruptcy or insolvency of the related Contract Debtor); 

  (x)         the commingling of Collections with
any other funds; 
   (xi)        any failure
by the Borrower to give reasonably equivalent value to the Originator in consideration for the transfer by the Originator to the Borrower of any Pledged Contract, or any attempt by any Person to void any such transfer under any statutory provision
or common law or equitable action, including, without limitation, any provision or the Bankruptcy Code; 
   (xii)       the failure of any Depository Account Bank to remit any amounts or items of payment held in a Depository Account or in a Lock-Box pursuant to the
instructions of the Program Agent given in accordance with this Agreement, the Master Agency Agreement or the other Facility Documents, whether by reason of the exercise of setoff rights or otherwise; 

  (xiii)      any investigation, litigation or proceeding
related to this Agreement or the use of proceeds of Loans made pursuant to this Agreement or any other Facility Document delivered hereunder or in respect of any of the Collateral; 

  (xiv)      any claim brought by any Person arising from any
activity by the Borrower in servicing, administering or collecting any Pledged Contract; or 

  
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   (xv)      the
grant by the Borrower of a security interest in any Pledged Contract in violation of any applicable law, rule or regulation; 

provided, however, that the Borrower shall not be required to indemnify any Indemnified Party to the extent of any amounts
(x) resulting from the gross negligence or willful misconduct of such Indemnified Party, or (y) constituting credit recourse for the failure of a Contract Debtor to pay a Pledged Contract, or (z) constituting Excluded Taxes. Any
amounts subject to the indemnification provisions of this Section 8.01 shall be paid by the Borrower to the related Indemnified Party within 10 Business Days following written demand therefor. 

SECTION 8.02.  Indemnities by the Servicer.    The Servicer agrees to indemnify each
Indemnified Party for Indemnified Amounts to the extent arising out of or resulting from any of the following: 
   (i)        the failure of any Pledged Contract represented by the Servicer to be an Eligible Contract hereunder to be an “Eligible Contract”
at the time of such representation; 

  (ii)       reliance on any representation or warranty
made or deemed made by the Servicer under this Agreement or any other Facility Document to which it is a party, which shall have been false or incorrect when made or deemed made; 

  (iii)      the failure by the Servicer to comply with any
term, provision or covenant contained in this Agreement, the Purchase Agreement or any Facility Document to which it is party or with any applicable law, rule or regulation with respect to any Pledged Contract or other Collateral; 

  (iv)      any action or omission by the Servicer which reduces
or impairs the rights or interests of the Program Agent, the Managing Agents or any Lender with respect to any Collateral or the value of any Collateral; 

  (v)        any claim brought by any Person arising
from any activity by the Servicer in servicing, administering or collecting any Pledged Contract; 
   (vi)       the failure of the Servicer to furnish accurate and complete documentation (including, without limitation, a Contract or invoice) to any Contract
Debtor; 
   (vii)      the commingling of Collections
with other funds; or 
   (viii)     any Material Adverse
Effect with respect to the Servicer which causes any Pledged Contract to cease to be an Eligible Contract or hinders the Servicer’s ability to carry out its obligations under this Agreement; 

provided, however, that the Servicer shall not be required to indemnify any Indemnified Party to the extent of any amounts
(x) resulting from the gross negligence or willful misconduct of such Indemnified Party, or (y) constituting credit recourse for the failure of a Contract Debtor to pay a Pledged Contract, or (z) constituting net income or franchise
taxes that are imposed by the United States or franchise taxes or net income taxes that are imposed on such Indemnified Party by the state or foreign jurisdiction under the laws of which such Indemnified Party is organized or any political
subdivision thereof. Any amounts subject to the indemnification provisions of this Section 8.02 shall be paid by the Servicer to the related Indemnified Party within 10 Business Days, following written demand therefor. 

  
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 SECTION 8.03.  Limited Liability of
Parties.    No Indemnified Party shall have any liability (whether in contract, tort or otherwise) to the Borrower, the Originator or the Servicer or any of their security holders or creditors for or in connection with the
transactions contemplated hereby, except to the extent such liability is determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct or
breach of its obligations under this Agreement or any Facility Document. 
 ARTICLE IX 

THE AGENTS 
 SECTION 9.01.  Authorization and Action.    Each Lender hereby appoints and authorizes its related Managing Agent and the Program Agent to take such action as agent on
its behalf and to exercise such powers under this Agreement as are delegated to such Managing Agent or the Program Agent by the terms hereof, together with such powers as are reasonably incidental thereto. The provisions of this Article IX are
solely for the benefit of the Managing Agents, the Program Agent and the Lenders. The Borrower shall not have any rights as a third-party beneficiary or otherwise under any of the provisions hereof. In performing their functions and duties
hereunder, the Managing Agents shall act solely as the agent for the respective Conduit Lenders and the Committed Lenders in the related Lender Group and do not assume nor shall be deemed to have assumed any obligation or relationship of trust or
agency with or for the other Lenders, the Borrower, the Servicer, the Originator, any Affiliate thereof or any of their respective successors and assigns. 
 SECTION 9.02.  Agents’ Reliance, Etc.    Neither the Program Agent nor any Managing Agent nor any of their respective directors, officers, agents or employees
shall be liable for any action taken or omitted to be taken by it or such Managing Agent or the Program Agent under or in connection with this Agreement, except for its or their own gross negligence or willful misconduct. Without limiting the
generality of the foregoing, each of the Program Agent and the Managing Agents: (i) may consult with legal counsel (including counsel for the Borrower, the Servicer or any other Affiliate of DTAC), independent public accountants and other
experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (ii) makes no warranty or representation to any Lender and
shall not be responsible to any Lender for any statements, warranties or representations made in or in connection with this Agreement; (iii) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the
terms, covenants or conditions of this Agreement on the part of the Borrower, the Servicer or any other Affiliate of DTAC or to inspect the property (including the books and records) of the Borrower, the Servicer or any other Affiliate of DTAC;
(iv) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; and (v) shall incur
no liability under or in respect of this Agreement by acting upon any notice (including notice by telephone), consent, certificate or other instrument or writing (which may be by facsimile) believed by it to be genuine and signed or sent by the
proper party or parties. 
 SECTION 9.03.  Agents and Affiliates.    Each
Managing Agent and the Program Agent and their respective Affiliates may engage in any kind of business with the Borrower, any DT Entity or any Contract Debtor, any of their respective Affiliates and any Person who may do business with or own
securities of Borrower, any DT Entity or any Contract Debtor or any of their respective Affiliates, all as if such Persons were not Managing Agents and/or Program Agent and without any duty to account therefor to any Lender. 

SECTION 9.04.  Lender’s Loan Decision.    Each Lender acknowledges that it has,
independently and without reliance upon the Program Agent, any Managing Agent, any of their respective 

  
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Affiliates or any other Lender, and based on such documents and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement and, if it so
determines, to make Loans hereunder. Each Lender also acknowledges that it will, independently and without reliance upon the Program Agent, any Managing Agent, any of their respective Affiliates, or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement. 
 SECTION 9.05.  Delegation of Duties.    The Program Agent and each Managing Agent may each execute any of its duties under this Agreement by or through agents or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Neither the Program Agent nor any Managing Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care. 
 SECTION
9.06.  Indemnification.    Each Managing Agent severally agrees to indemnify the Program Agent (to the extent not reimbursed by the Borrower, the Servicer, the Originator or DTAC), ratably according to its
related Lender Group Percentage, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or
asserted against the Program Agent in any way relating to or arising out of this Agreement or any action taken or omitted by the Program Agent under this Agreement; provided, that (i) no Managing Agent shall be liable for any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting or arising from the Program Agent’s gross negligence or willful misconduct and (ii) no Managing Agent shall be
liable for any amount in respect of any compromise or settlement of any of the foregoing unless such compromise or settlement is approved by the Majority Managing Agents. Without limitation of the generality of the foregoing, each Managing Agent
agrees to reimburse the Program Agent, ratably according to its related Lender Group Percentage, promptly upon demand, for any reasonable out-of-pocket expenses (including reasonable counsel fees) incurred by the Program Agent in connection with the
administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement; provided, that no Managing Agent shall
be responsible for the costs and expenses of the Program Agent in defending itself against any claim alleging the gross negligence or willful misconduct of the Program Agent to the extent such gross negligence or willful misconduct is determined by
a court of competent jurisdiction in a final and non-appealable decision. 
 SECTION
9.07.  Successor Agents.    The Program Agent and each Managing Agent may, upon thirty (30) days’ notice to the Borrower, each Lender and each other party hereto, resign as Program Agent or Managing
Agent, as applicable. If any such party shall resign as Program Agent or Managing Agent under this Agreement, then, in the case of the Program Agent, the Majority Committed Lenders and the Borrower, and in the case of any Managing Agent, its related
Conduit Lenders, during such thirty-day period shall appoint a successor agent, whereupon such successor agent shall succeed to the rights, powers and duties of the Program Agent or applicable Managing Agent and references herein to the Program
Agent or such Managing Agent shall mean such successor agent, effective upon its appointment; and such former Program Agent’s or Managing Agent’s rights, powers and duties in such capacity shall be terminated, without any other or further
act or deed on the part of such former Program Agent or Managing Agent or any of the parties to this Agreement. After any retiring Program Agent’s or Managing Agent’s resignation hereunder as such agent, the provisions of Article VIII,
this Article IX and Section 10.09 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Program Agent or a Managing Agent under this Agreement. 

ARTICLE X 

MISCELLANEOUS 

  
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 SECTION 10.01.  Amendments, Etc. 

(a)        No waiver of any provision of this Agreement nor consent to any
departure by the Borrower or the Servicer therefrom shall in any event be effective unless the same shall be in writing and signed by the Program Agent and the Managing Agents and then such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given. 
 (b)        No
amendment to this Agreement shall be effective unless the same shall be in writing and signed by each of the Borrower, the Servicer, the Program Agent, the Managing Agents and the Majority Committed Lenders, provided, however, that, without
the written consent of all the Committed Lenders, no such amendment shall (i) extend the Termination Date, (ii) extend the date of any payment or deposit of Collections by the Borrower or by the Servicer or the time of payment of Interest,
(iii) release the security interest in or transfer all or any material portion of the Collateral, (iv) change the outstanding principal amount of any of the Loans made by any Committed Lender hereunder other than as provided herein,
(v) change the amount of any Lender Group Limit other than as provided herein or increase the Facility Limit hereunder, (vi) amend, modify or waive any provision of the definitions of “Eligible Contract”, “Majority Committed
Lenders”, “Borrowing Base”, “Advance Rate”, “Level One Trigger Event”, “Level Two Trigger Event”, “Level Three Trigger Event” or any of the defined terms used in such definitions or this
Section 10.01, (vii) consent to or permit the assignment or transfer by the Borrower or any of its rights and obligations under this Agreement or of any of its right, title or interest in or to the Pledged Contracts, (viii) amend or
modify any provision of Section 7.01 or Section 10.03, or (ix) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (i) through (viii) above in a manner
which would circumvent the intention of the restrictions set forth in such clauses; provided, that without the written consent of the Paying Agent, the Backup Servicer and/or the Custodian, as applicable, no such amendment shall adversely
affect the Paying Agent, the Backup Servicer or the Custodian; provided, further, that if this Agreement is amended without the consent of the Paying Agent, the Backup Servicer or the Custodian, the Borrower shall provide the
Paying Agent, the Backup Servicer and the Custodian with a copy of the related amendment promptly following execution thereof. 
 SECTION 10.02.  Notices, Etc.    All notices and other communications provided for hereunder shall, unless otherwise stated herein, be in writing (including
communication by facsimile copy) and shall be personally delivered or sent by registered mail, return receipt requested, or by courier or by facsimile, to each party hereto, at its address set forth on Schedule II hereof or at such other address as
shall be designated by such party in a written notice to the other parties hereto. All such notices and communications shall be effective, upon receipt, or in the case of overnight courier, two (2) days after being deposited with such courier,
or, in the case of notice by facsimile, when electronic confirmation of receipt is obtained, in each case addressed as aforesaid. 
 SECTION 10.03.  Assignability. 

(a)        Any Conduit Lender may, (i) with notice to the Borrower and the
Servicer, and with the consent of the Managing Agent for the Lender Group of which it is a member, assign at any time all or any portion of its rights and obligations hereunder and interests herein to (A) any other Lender, (B) any
commercial paper conduit managed by such Conduit Lender’s sponsor or administrator bank if the Commercial Paper of such commercial paper conduit have short-term ratings from S&P and Moody’s that are equivalent to or higher than the
short-term ratings by S&P and Moody’s of the Commercial Paper of such Conduit Lender, (C) any Affiliate of such Conduit Lender’s sponsor bank or (D) any Liquidity Provider with respect to such Conduit Lender and
(ii) with the consent of the Borrower (such consent not to be unreasonably withheld, delayed or conditioned) and the Managing Agent for the Lender Group of which it is a member, assign at any time all or any portion of its rights and
obligations hereunder and 

  
 112

 
interests herein to any other Person not listed in clause (i) above. Any Managing Agent may, with notice to the Borrower and the Servicer, and with the consent of the Lenders in its Lender
Group, assign at any time all or any portion of its rights and obligations hereunder and interests herein to any Affiliate of such Managing Agent. 
 (b)        Any Committed Lender may, with the consent of the Program Agent assign at any time all or any portion of its rights and obligations hereunder and
interests herein to any Person. 
 (c)        With respect to any
assignment hereunder 
   (i)        each
such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this Agreement, 
   (ii)       the amount being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such
assignment) shall in no event be less than $10,000,000, and 

  (iii)      the parties to each such assignment shall execute
and deliver to the Program Agent, for its acceptance and recording in the Register (as defined below), an Assignment and Acceptance, together with a processing and recordation fee of $2,500. 

(d)        Upon such execution, delivery, acceptance and recording from and after
the effective date specified in such Assignment and Acceptance, (x) the assignee thereunder shall be a party to this Agreement and, to the extent that rights and obligations under this Agreement have been assigned to it pursuant to such
Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (y) the assigning Lender shall, to the extent that rights and obligations have been assigned by it pursuant to such Assignment and Acceptance, relinquish such
rights and be released from such obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto). At all times during which any Loan is outstanding, the Program Agent shall maintain at its address referred to in Section 10.02 of this Agreement (or such other address of the Program Agent notified by the Program
Agent to the other parties hereto) a register as provided herein (the “Register”). The Outstanding Loan Amount and any interests therein, and any Assignments and Acceptances of the Outstanding Loan Amount or any interest therein
delivered to and accepted by the Program Agent, shall be registered in the Register, and the Register shall serve as a record of ownership that identifies the owner of the Outstanding Loan Amounts and any interest therein. Notwithstanding any other
provision of this Agreement, no transfer of the Outstanding Loan Amounts or any interest therein shall be effective unless and until such transfer has been recorded in the Register. The entries in the Register shall be conclusive and binding for all
purposes, absent manifest error, and the Borrower, the Servicer, the Program Agent, the Managing Agents and the Lenders may treat each Person whose name is recorded in the Register as a Lender, as the case may be, under this Agreement for all
purposes of this Agreement. This Section 10.03(d) shall be construed so that the Outstanding Loan Amount and any interest therein is maintained at all times in “registered form” within the meaning of Sections 163(f), 871(h) and 881(c)
of the IRC, solely for the purposes of this Section 10.03, the Program Agent will act as an agent of the Borrower. The Register shall be available for inspection by the Borrower or any Managing Agent at any reasonable time and from time to time
upon reasonable prior notice. 
 (e)        Upon its receipt of an
Assignment and Acceptance, the Program Agent shall, if such Assignment and Acceptance has been duly completed, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give
prompt notice thereof to the Borrower. 

  
 113

 (f)        Any Lender may, without
the consent of the Borrower, sell participations to one or more banks or other entities (each, a “Participant”) in all or a portion of its rights and obligations hereunder (including the outstanding Loan); provided that
following the sale of a participation under this Agreement (i) the obligations of such Lender shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Program Agent, the Servicer and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument
pursuant to which such Lender sells such a participation shall provide that the Participant shall not have any right to direct the enforcement of this Agreement or the other Facility Documents or to approve any amendment, modification or waiver of
any provision of this Agreement or the other Facility Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that
(i) reduces the amount of principal or Interest that is payable on account of any Loan or delays any scheduled date for payment thereof or (ii) reduces any fees payable by the Borrower to the Program Agent (to the extent relating to
payments to the Participant) or delays any scheduled date for payment of such fees. The Borrower acknowledges and agrees that any Lender’s source of funds may derive in part from its Participants. Accordingly, references in Sections 2.12 or
2.14 and the other terms and provisions of this Agreement and the other Facility Documents to determinations, reserve and capital adequacy requirements, expenses, increased costs, reduced receipts and the like as they pertain to the Lenders shall be
deemed also to include those of its Participants; provided, however, that in no event shall the Borrower be liable to any Participant under Sections 2.12 or 2.14 for an amount in excess of that which would be payable to the applicable Lender
under such sections. 
 (g)        Neither the Borrower nor the Servicer
may assign any of its rights or obligations hereunder or any interest herein without the prior written consent of the Program Agent and the Majority Managing Agents. 

(h)        Notwithstanding any other provision of this Agreement to the contrary,
any Lender may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, rights to payment of the principal balance of the Loans and Interest with respect thereto) hereunder to secure
obligations of such Lender to a Federal Reserve Bank, without notice to or consent of the Borrower or the Program Agent; provided, that no such pledge or grant of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or grantee for such Lender as a party hereto. 
 SECTION
10.04.  Additional Lender Groups.    Upon the Borrower’s request, an additional Lender Group may be added to this Agreement at any time by the execution and delivery of a Joinder Agreement by the members of
such proposed additional Lender Group, the Borrower, the Servicer, the Program Agent and each of the Managing Agents, which execution and delivery shall not be unreasonably refused by such parties. Upon the effective date of such Joinder Agreement,
(i) each Person specified therein as a “Conduit Lender” shall become a party hereto as a Conduit Lender, entitled to the rights and subject to the obligations of a Conduit Lender hereunder, (ii) each Person specified therein as a
“Committed Lender” shall become a party hereto as a Committed Lender, entitled to the rights and subject to the obligations of a Committed Lender hereunder, (iii) each Person specified therein as a “Managing Agent” shall
become a party hereto as a Managing Agent, entitled to the rights and subject to the obligations of a Managing Agent hereunder and (iv) the Facility Limit shall be increased by an amount equal to the aggregate Commitments of the Committed
Lenders party to such Joinder Agreement. On or prior to the effective date of such Joinder Agreement, the Borrower and the new Managing Agent shall enter into a fee letter for purposes of setting forth the fees payable to the members of such Lender
Group in connection with this Agreement, which fee letter shall be considered a “Fee Letter” for all purposes of this Agreement. 

  
 114

 SECTION 10.05.  Consent to Jurisdiction. 

(a)        Each party hereto hereby irrevocably submits to the non-exclusive
jurisdiction of any New York State or Federal court sitting in New York City in any action or proceeding arising out of or relating to this Agreement, and each party hereto hereby irrevocably agrees that all claims in respect of such action or
proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. The parties hereto hereby irrevocably waive, to the fullest extent they may effectively do so, the defense of an
inconvenient forum to the maintenance of such action or proceeding. The parties hereto agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. 
 (b)        Each of the Borrower and the
Servicer consents to the service of any and all process in any such action or proceeding by the mailing of copies of such process to it at its address specified in Section 10.02. Nothing in this Section 10.05 shall affect the right of any
Lender or the Program Agent to serve legal process in any other manner permitted by law. 
 SECTION
10.06.  WAIVER OF JURY TRIAL.    EACH PARTY HERETO HEREBY WAIVES, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER
SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT OR ANY OTHER FACILITY DOCUMENT. 
 SECTION 10.07.  Right of Setoff.    Each Lender is hereby authorized (in addition to any other rights it may have) at any time after the occurrence of the Termination
Date due to the occurrence of an Event of Termination, or at any time that any Borrower Obligation hereunder is due and payable, to set off, appropriate and apply (without presentment, demand, protest or other notice which are hereby expressly
waived) any deposits and any other indebtedness held or owing by such Lender to, or for the account of, the Borrower against the amount of the Borrower Obligations owing by the Borrower to such Person. Each Lender is hereby authorized (in addition
to any other rights it may have) at any time after the occurrence of the Termination Date due to the occurrence of an Event of Termination, or at any time that any payment obligation of the Servicer hereunder is due and payable, to set off,
appropriate and apply (without presentment, demand, protest or other notice which are hereby expressly waived) any deposits and any other indebtedness held or owing by such Lender to, or for the account of, the Servicer against the amount of such
obligations owing by the Servicer to such Person. 
 SECTION 10.08.  Ratable
Payments.    If any Lender, whether by setoff or otherwise, has payment made to it with respect to any Borrower Obligations or obligation of the Servicer in a greater proportion than that received by any other Lender entitled
to receive a ratable share of such amount, such Lender agrees, promptly upon demand, to purchase for cash without recourse or warranty a portion of such Borrower Obligations or Servicer obligation held by the other Lenders so that after such
purchase each Lender will hold its ratable proportion of such Borrower Obligations or Servicer obligations, as applicable; provided that if all or any portion of such excess amount is thereafter recovered from such Lender, such purchase shall
be rescinded and the purchase price restored to the extent of such recovery, but without interest. 
 SECTION
10.09.  Limitation of Liability. 
 (a)        No claim
may be made by any Transaction Party or any other party hereto against any other party hereto or their respective Affiliates, directors, officers, employees, attorneys or 

  
 115

 
agents for any special, indirect, consequential or punitive damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the transactions
contemplated by this Agreement or any other Facility Document, or any act, omission or event occurring in connection herewith or therewith; and each party hereto hereby waives, releases, and agrees not to sue upon any claim for any such damages,
whether or not accrued and whether or not known or suspected to exist in its favor. 

(b)        Notwithstanding anything to the contrary contained herein, the
obligations of the Conduit Lenders under this Agreement are solely the corporate obligations of each such Conduit Lender and shall be payable only at such time as funds are actually received by, or are available to, such Conduit Lender in excess of
funds necessary to pay in full all outstanding Commercial Paper issued by such Conduit Lender and, to the extent funds are not available to pay such obligations, the claims relating thereto shall not constitute a claim against such Conduit Lender.
Each party hereto agrees that the payment of any claim (as defined in Section 101 of Title 11 of the Bankruptcy Code) of any such party shall be subordinated to the payment in full of all Commercial Paper. 

(c)        No recourse under any obligation, covenant or agreement of any Conduit
Lender contained in this Agreement shall be had against any incorporator, stockholder, officer, director, member, manager, employee or agent of such Conduit Lender or any of its Affiliates (solely by virtue of such capacity) by the enforcement of
any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that this Agreement is solely a corporate obligation of such Conduit Lender, and that no personal liability
whatever shall attach to or be incurred by any incorporator, stockholder, officer, director, member, manager, employee or agent of any Conduit Lender or any of its Affiliates (solely by virtue of such capacity) or any of them under or by reason of
any of the obligations, covenants or agreements of such Conduit Lender contained in this Agreement, or implied therefrom, and that any and all personal liability for breaches by any Conduit Lender of any of such obligations, covenants or agreements,
either at common law or at equity, or by statute, rule or regulation, of every such incorporator, stockholder, officer, director, member, manager, employee or agent is hereby expressly waived as a condition of and in consideration for the execution
of this Agreement; provided that the foregoing shall not relieve any such Person from any liability it might otherwise have as a result of fraudulent actions taken or fraudulent omissions made by them. 

SECTION 10.10.  Costs, Expenses and Taxes. 

(a)        In addition to the rights of indemnification under Article VIII
hereof, the Borrower agrees to pay to the Program Agent and each Managing Agent promptly after written demand thereof (i) all reasonable costs and expenses incurred in connection with the periodic auditing of the Borrower and the Servicer
pursuant to Section 5.01(c) or 5.04(c) of this Agreement and the agreed upon procedures reports contemplated by Section 5.05(e) of this Agreement, including, without limitation, any such report performed during 2008; provided, that
the Borrower shall only be responsible for the reasonable costs and expenses incurred in connection with one audit of the Borrower, the Originator, and the Servicer, in each case during any twelve (12) month period beginning on the date hereof
and on each anniversary of the date hereof, and in each case, so long as (x) no Event of Termination shall have occurred and be continuing and (y) the results of the previous audits were complete and reasonably acceptable to the Program
Agent, provided that if an Event of Termination shall have occurred and be continuing or the results of the previous audits were not complete and reasonably acceptable to the Program Agent, then the Borrower shall be responsible for a second
audit during such period, and (ii) all reasonable costs and expenses of the Program Agent and each Managing Agent in connection with the preparation, execution and delivery (including any requested amendments, waivers or consents) of this
Agreement and the other documents to be delivered hereunder, including, without limitation, all pre-closing due diligence expenses and the reasonable fees and out-of-pocket expenses of special counsel for

  
 116

 
the Program Agent and each Managing Agent with respect thereto and with respect to advising the Program Agent and each Managing Agent and the related Lenders as to their respective rights and
remedies under this Agreement, and the other agreements executed pursuant hereto and (iii) all costs and out-of-pocket expenses (including fees and expenses of outside counsel), incurred by the Program Agent and each Managing Agent in
connection with any amendment to any of the Facility Documents after the Closing Date and the enforcement of this Agreement and the other agreements and documents to be delivered hereunder after the occurrence of an Event of Termination. 

(b)        In addition, the Borrower shall pay any and all stamp, sales, transfer
and other taxes and fees (including, without limitation, UCC filing fees and any penalties associated with the late payment of any UCC filing fees) payable or determined to be payable in connection with the execution, delivery, filing and recording
of this Agreement or the other agreements and documents to be delivered hereunder (including any UCC financing statements) and agrees to indemnify the Program Agent, the Managing Agents, the Lenders and the Liquidity Providers against any
liabilities with respect to or resulting from any delay by the Borrower in paying or omission to pay such taxes and fees. 
 SECTION 10.11.  No Proceedings.    The Borrower, the Servicer, each Lender, each Managing Agent and the Program Agent each hereby agrees that it will not institute
against any Conduit Lender any proceeding of the type referred to in Section 7.01(f) so long as any Commercial Paper shall be outstanding or there shall not have elapsed one year plus one day since the last day on which any such Commercial
Paper shall have been outstanding. 
 SECTION 10.12.  Confidentiality. 

(a)        By accepting delivery of this Agreement, the Borrower agrees not to
disclose to any person or entity the existence of this Agreement or the Facility Documents or the terms hereof or thereof (including, without limitation, any specific pricing information provided by the Program Agent, the Managing Agents or the
Lenders or the amount or terms of any fees payable to the Program Agent, the Managing Agents or the Lenders in connection with the transaction contemplated by this Agreement, the “Transaction”), the proposal or structure of the
Transaction, any related structures developed by the Program Agent for the Borrower, the existence or status of any ongoing negotiations between the Borrower, the Program Agent, the Managing Agents and the Lenders concerning the Transaction
(collectively, the “Product Information”), except (i) to its and its affiliates’ officers, directors, employees, agents, accountants, legal counsel and other representatives (collectively, the “Borrower
Representatives”) who have a need to know the Product Information for the purpose of assisting in the negotiation and completion of the Transaction and who agree to be bound by the provisions of this section applicable to the Borrower,
(ii) in connection with any legal or regulatory action or proceeding relating to this Agreement or the transactions contemplated hereby or the exercise of any remedies hereunder, (iii) to extent required by applicable law, regulation,
subpoena or other legal process, (iv) to the extent requested by any governmental or regulatory authority having jurisdiction over the Borrower, the Originator or any Borrower Representative or (v) to existing or prospective lenders to, or
investors in, any DT Entity or any Affiliate thereof, any monoline insurance company that has issued or may issue a financial guaranty insurance policy or surety bond in connection with a Securitization Transaction, or any Rating Agency in
connection with a Securitization Transaction; provided, in each case, such recipients agree to be bound by the provisions of this section applicable to the Borrower. The Borrower will be responsible for any failure of any Borrower
Representative to comply with the provisions of this clause (a). 

(b)        The Program Agent, the Managing Agents and the Lenders will not
disclose to any person or entity the confidential or proprietary information of the Borrower or the Originator furnished to the Program Agent, the Managing Agents and the Lenders in connection with the Transaction (the “Borrower
Information”), except (i) to their respective and their Affiliates’ officers, directors, 

  
 117

 
employees, agents, accountants, legal counsel and other representatives (collectively, the “Lender Representatives”) who have a need to know the Borrower Information for the
purpose of assisting in the negotiation and completion of the Transaction and who agree to be bound by the provisions in this section applicable to the Program Agent, the Managing Agents and the Lenders, (ii) to the extent required by
applicable law, regulation, subpoena or other legal process, (iii) to the extent requested by any governmental or regulatory authority having jurisdiction over the Program Agent, the Managing Agents, the Lenders or any Lender Representative,
(iv) to any Rating Agency, (v) to any actual or potential subordinated investor in any Conduit Lender that has signed a confidentiality agreement containing restrictions on disclosure substantially similar to this Section or (vi) to
credit enhancers and dealers and investors in respect of Commercial Paper of any Conduit Lender in accordance with the customary practices of such Lender for disclosures to credit enhancers, dealers or investors, as the case may be, it being
understood that any such disclosure to dealers or investors will not identify the Borrower or any of their respective Affiliates by name. The Program Agent, the Managing Agents and each Lender, as the case may be, will be responsible for any failure
of any related Lender Representative to comply with the provisions of this clause (b). 

(c)        The Program Agent, the Managing Agents and the Lenders will
(i) not disclose to any person or entity the confidential or proprietary information of Contract Debtors relating to the Pledged Contracts (if any) obtained pursuant to this Agreement (the “Contract Debtor Information”), and
(ii) comply with all applicable laws (including Graham-Leach-Bliley Act) with respect to Contract Debtor Information. 
 SECTION 10.13.  No Waiver; Remedies.   No failure on the part of the Program Agent, any Managing Agent, any Lender or any Liquidity Provider to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 SECTION 10.14.  GOVERNING
LAW.        THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 10.15.  Execution in Counterparts.   This Agreement may be executed in any number
of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by
facsimile or by electronic mail in a “.pdf” file shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 10.16.  Integration; Binding Effect; Survival of Termination.  This Agreement and the other Facility Documents executed by the parties hereto on the date hereof contain
the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof superseding all
prior oral or written understandings. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns (including any trustee in bankruptcy). Any provisions of this Agreement
which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms and
shall remain in full force and effect until the Final Collection 

  
 118

 
Date; provided, however, that the provisions of 2.11, 2.12, 2.13, 2.14 and Article VIII, and the provisions of Sections 10.06, 10.09, 10.10, 10.11 and 10.12 shall survive any termination
of this Agreement. 

  
 119

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

									
		 	 DT WAREHOUSE, LLC,
	 		 	
		 	 as Borrower
	 		 	
					
		 	 By:
	 	   /s/ Jon Ehlinger
	 		 	
		 	 Name:   Jon Ehlinger
	 		 	
		 	 Title:   Secretary
	 		 	
				
		 	 DT CREDIT COMPANY, LLC,
 as Servicer
	 		 	
					
		 	 By:
	 	   /s/ Jon Ehlinger
	 		 	
		 	 Name:   Jon Ehlinger
	 		 	
		 	 Title:   Secretary
	 		 	

  
 Signature
Page to Loan and Servicing Agreement 

							
		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Backup Servicer, Paying Agent and Securities Intermediary

				
		 	By:	 	   /s/ Jeanine C. Casey
	 	
		 	Name:  Jeanine C. Casey	 	
		 	Title:  Vice President	 	

  
 Signature
Page to Loan and Servicing Agreement 

							
		 	 DEUTSCHE BANK AG, NEW YORK BRANCH
	 	
		 	 as a Managing Agent and as
	 	
		 	 Program Agent
	 	
				
		 	 By:
	 	   /s/ Daniel Gerber
	 	
		 	 Name:   Daniel Gerber
	 	
		 	 Title:   Director
	 	
				
		 	By:	 	 /s/ Ozan Kaya
	 	
		 	 Name:   Ozan Kaya
	 	
		 	 Title:   Vice President
	 	
		
		 	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as a Committed Lender

				
		 	 By:
	 	   /s/ Daniel Gerber
	 	
		 	 Name:   Daniel Gerber
	 	
		 	 Title:   Director
	 	
				
		 	By:	 	 /s/ Ozan Kaya
	 	
		 	 Name:   Ozan Kaya
	 	
		 	 Title:   Vice President
	 	

  
 Signature
Page to Loan and Servicing Agreement 

							
		 	 Solely with respect to Section 5.07:
	 	
			
		 	 DT ACCEPTANCE CORPORATION,
	 	
		 	 as Originator
	 	
				
		 	 By:
	 	   /s/ Steven P. Johnson
	 	
		 	 Name:   Steven P. Johnson
	 	
		 	 Title:   President
	 	

  
 Signature
Page to Loan and Servicing Agreement 

 EXHIBIT A 
 FORM OF CREDIT AND COLLECTION POLICY 
 Attached 

 EXHIBIT B 
 FORM OF BORROWING REQUEST 
 [DATE] 

 

			
	 To:
	  	 Deutsche Bank AG, New York Branch (“DBNY”), as Program Agent

		
	 From:
	  	 DT Warehouse, LLC (the “Borrower”)

		
	 Re:
	  	 Loan and Servicing Agreement, dated as of December 28, 2011 among the Borrower, DT Credit Company, LLC, as Servicer, Wells Fargo Bank, National
Association, as Backup Servicer, Paying Agent and Securities Intermediary, the Persons from time to time party thereto as Conduit Lenders, the financial institutions from time to time party thereto as Committed Lenders, the Persons from time to time
party thereto as Managing Agents and DBNY, as Program Agent for the Conduit Lenders and the Committed Lenders (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”). Capitalized terms used but
not defined herein shall have the meanings given to them in the Agreement.

  

							
	 A.    
	  	 (i)    
	  	 Pursuant to Sections 2.01 and 2.02(a) of the Agreement, the undersigned hereby requests a Borrowing from each Lender Group in an aggregate amount equal to the
following:
	  	  $                    

		  		  		  	  

  

							
	 	  	  

            Lender
Group            

            (identified by related Managing Agent) 
           
  
	  	          
  Dollar Amount of Borrowing            	 	 
		  	  
   [Name]
  
	  	       $[•]
	 	
		  	   [Name]

 
	  	       $[•]
	 	
		  	  
 Total   
	  	  
       $[•]
  
	 	

							
		  		  		  	
				
		  	 (ii)
	  	 The requested Borrowing Date is:
	  	
		  		  		  	  

				
		  	 (iii)
	  	 The Outstanding Loan Amount under the Agreement after giving effect to the requested Borrowing under (i) above will equal:
	  	  $                    

		  		  		  	  

				
		  	 (iv)
	  	 The proceeds of the requested Borrowing are requested to be remitted to the following account of the Borrower:
	  	
		  		  		  	  

			
	 B.
	  	 As of the date hereof and the Borrowing Date of such Borrowing:
	  	
				
		  	 (i)
	  	 The representations and warranties contained in Article IV of the Agreement are true and correct in all material respects on and as of
such Borrowing Date unless such representation and warranties by their terms refer to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date;
	  	
				
		  	 (ii)
	  	 No event has occurred and is continuing, or would result from the Borrowing requested hereunder, that constitutes an Event of
Termination or an Incipient
	  	

							
		  		  	   Event of Termination; and
	  	
				
		  	(iii)	  	   After giving effect to the requested Borrowing, no Borrowing Base Deficiency shall exist.
	  	
				
		  	(iv)	  	   All other conditions precedent set forth in Section 3.02 of the Agreement have been satisfied.
	  	

 In accordance with Section 2.02(a) of the Agreement, the Borrower hereby certifies that the
Contracts that are subject to this Borrowing Request are set forth on Schedule I attached hereto and such Contracts are Eligible Contracts or Wet Contracts. The undersigned further represents and warrants that (1) the documents constituting the
Contract Delivery Documents with respect to the Contracts that are the subject of the Borrowing requested herein and more specifically identified on the Contract Delivery Schedule delivered to the Managing Agents and the Custodian in connection
herewith have been delivered to Custodian and such Contract Delivery Documents are to be held by the Custodian subject to the Program Agent’s (for the benefit of the Secured Parties) first priority security interest thereon, and (2) all
other documents related to such Contracts (including, but not limited to, insurance policies, loan applications and appraisals) have been or will be created and held by the Borrower in trust for the Secured Parties. 

The undersigned certifies that this Borrowing Request is correct in all material respects as of the date furnished. 

 

									
		 	DT WAREHOUSE, LLC, as Borrower	 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	

 SCHEDULE I 
 LIST OF CONTRACTS 

 EXHIBIT C-1 
 FORM OF MONTHLY REPORT 
 Attached 

 EXHIBIT C-2 
 FORM OF MONTHLY SERVICED PORTFOLIO REPORT 
 Attached 

 EXHIBIT D 
 FORM OF CONTRACT 
 Attached 

 EXHIBIT E 
 LIST OF OFFICES OF BORROWER WHERE RECORDS ARE KEPT 
 4020 East Indian
School Road, Phoenix, Arizona 85018 
 7300 East Hampton Boulevard, Mesa, Arizona 85029 

 EXHIBIT F 
 LIST OF LOCK-BOXES, LOCK-BOX PROCESSORS; DEPOSITORY ACCOUNTS; 
 AND
DEPOSITORY ACCOUNT BANKS 
 HOME OFFICE 
 4020 East Indian School Road, Phoenix, AZ 85018 
 MESA OFFICE 

7300 East Hampton Boulevard, Mesa, AZ 85029 

DEALERSHIPS 
 Attached 

P.O. BOXES 
 DT Credit Company, LLC,
P.O. Box 53087, Phoenix, AZ 85072 
 DEPOSITORY ACCOUNTS 
 Wells Fargo Bank, 100 West Washington Street, Phoenix, AZ 85003 
 Attn: Mr. John Helms,
(602) 378-6633 
 Acct: [*] (Concentration) 
 Acct: [*]
(Collection) 
  
  
  

 
  

 
 * Confidential information on this page has been omitted and filed
separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. 

 EXHIBIT G 
 LIST OF CLOSING DOCUMENTS 
  

			
	Borrower	  	DT Warehouse, LLC
	Originator	  	DT Acceptance Corp. (“DTAC”)
	DTAG	  	DriveTime Automotive Group, Inc.
	Servicer	  	DT Credit Company, LLC (“DTCC”)
	Performance Guarantors	  	DTAC and DTAG
	Program Agent & Managing Agent	  	Deutsche Bank AG, New York Branch (“DBNY”)
	Committed Lender	  	Deutsche Bank Trust Company, Americas
	Backup Servicer, Paying Agent, Custodian and Securities Intermediary	  	Wells Fargo Bank, National Association (“Wells Fargo”)
	Counsel for the Program Agent	  	Sidley Austin LLP (“Sidley”)
	Counsel to Borrower, Originator and Servicer	  	Snell & Wilmer L.L.P. (“Snell”)

  

							
	  	 	  	  	  	  	    Responsible Party  

	 	 	 PRINCIPAL DOCUMENTS

 
	  	 	  	 
	1    	 	 Amended and Restated Purchase and Contribution Agreement, between
Originator, as transferor, and Borrower, as purchaser
  
	  	 	  	Sidley
	2    	 	 Loan and Servicing Agreement, among Borrower, Servicer, the Backup
Servicer, Paying Agent and Securities Intermediary, the Conduit Lenders from time to time party thereto, the Committed Lenders from time to time party thereto, the Managing Agents from time to time party thereto and the Program Agent

 
	  	 	  	Sidley
	3    	 	 Fee Letter among the Borrower and the Program Agent

 
	  	 	  	Sidley
	4    	 	 Fifth Amended and Restated Demand Note in the amount of $15,000,000 of
DTAC in favor of the Borrower
  
	  	 	  	Sidley
	5    	 	 Amended and Restated Custodial Agreement among the Custodian, the
Servicer, the Borrower and the Program Agent
  
	  	 	  	Sidley
	6    	 	 Fourth Amended and Restated Performance Guaranty of the Performance
Guarantors in favor of the Borrower and the Program Agent
  
	  	 	  	Sidley
	7    	 	 Residual Interest Conveyance Agreement among Borrower, Originator, DT
Warehouse II, LLC, and Santander Consumer USA Inc.
  
	  	 	  	Snell
	8    	 	 Termination and Release Agreement among Borrower, Performance Guarantors,
DBNY, Wells Fargo and Monterey Funding, LLC with respect to the Third Amended and Restated Loan and Servicing Agreement dated as of July 23, 2010
  
	  	 	  	Snell
	 	 	 INTERCREDITOR AND ACCOUNT-RELATED DOCUMENTS

 
	  	 	  	 
	9    	 	 Amendment to Intercreditor Agreement among DTAG, DTCS, DTOC, DTAC, the
Borrower, the Program Agent and Wells Fargo Bank, N.A., as agent under the Inventory Facility
  
	  	 	  	Marcus 
Brody

							
	  	 	  	  	  	  	    Responsible Party  

	10    	 	 Acknowledgment and Agreement to Master Agency Agreement

 
	  	 	  	Snell
	 	 	 ORGANIZATIONAL DOCUMENTS/GOOD STANDINGS

 
	  	 	  	 
	11    	 	 Secretary’s Certificate of the Originator

      (i)   Certificate and Articles of Incorporation

      (ii)  By-Laws

      (iii) Resolutions
       (iv) Incumbency
  
	  	 	  	Snell
	12    	 	 Good Standing Certificate of the Originator issued by the Arizona Secretary
of State
  
	  	 	  	Snell
	13    	 	 Secretary’s Certificate of Borrower

      (i)   Certificate of Formation

      (ii)  Limited Liability Company Agreement

      (iii) Resolutions
       (iv) Incumbency
  
	  	 	  	Snell
	14    	 	 Good Standing Certificate of Borrower issued by the Delaware Secretary of
State
  
	  	 	  	Snell
	15    	 	 Secretary’s Certificate of DTAG

      (i)   Certificate of Formation

      (ii)  Limited Liability Company Agreement

      (iii) Resolutions
       (iv) Incumbency
  
	  	 	  	Snell
	16    	 	 Good Standing Certificate of DTAG issued by the Delaware Secretary of
State
  
	  	 	  	Snell
	17    	 	 Secretary’s Certificate of the Servicer

      (i)   Certificate of Formation

      (ii)  Limited Liability Company Agreement

      (iii) Resolutions
       (iv) Incumbency
  
	  	 	  	Snell
	18    	 	 Good Standing Certificate of the Servicer issued by the Arizona Secretary of
State
  
	  	 	  	Snell
	19    	 	 Secretary’s Certificate of Wells Fargo re: corporate
matters/incumbency
  
	  	 	  	Wells Fargo
	 	 	 UCC SEARCHES & FILINGS

 
	  	 	  	 
	20    	 	 Pre-Filing UCC Search Report of UCC Financing Statements
Filed against the Originator
  
	  	 	  	Sidley
	21    	 	 Tax Lien and Judgment Search Report against the
Originator
  
	  	 	  	Sidley
	22    	 	 Pre-Filing UCC Search Report of UCC Financing Statements
Filed against the Borrower
  
	  	 	  	Sidley
	23    	 	 Tax Lien and Judgment Search Report against the
Borrower
  
	  	 	  	Sidley

							
	  	 	  	  	  	  	    Responsible Party  

	24    	 	 Pre-Filing UCC Search Report of UCC Financing Statements
Filed against DTCS
  
	  	 	  	Sidley
	25    	 	 Tax Lien and Judgment Search Report against
DTCS
  
	  	 	  	Sidley
	26    	 	 UCC-3 Assignment, with respect to Financing Statement
naming the Originator as debtor/seller, Borrower as secured party/purchaser/assignor and Program Agent, as secured party/total assignee, in favor of Program Agent

 
	  	 	  	Sidley
	27    	 	 UCC-3 Amendment, with respect to Financing Statement
naming the Originator as debtor/seller, Borrower as secured party/purchaser/assignor and Program Agent, as secured party/total assignee, restating the collateral description

 
	  	 	  	Sidley
	28    	 	 UCC-1 Financing Statement, naming Borrower, as debtor and
Program Agent, as secured party
  
	  	 	  	Sidley
	29    	 	 UCC-3 Termination of Financing Statement #2007
4211883
  
	  	 	  	Sidley
	30    	 	 Post-Filing UCC Search Reports showing the immediately
preceding UCC-1 financing statements of record
  
	  	 	  	Sidley
	 	 	 LEGAL OPINIONS

 
	  	 	  	 
	31    	 	 Opinion of Snell regarding certain corporate matters with
respect to the Originator, the Borrower, the Servicer and the Performance Guarantors, enforceability, no conflicts with law or agreements, Investment Company Act of 1940 and UCC matters and perfection issues

 
	  	 	  	Snell

 EXHIBIT H 
 FORM OF ASSIGNMENT AND ACCEPTANCE 
 Dated as of [Date] 

Reference is made to the Loan and Servicing Agreement, dated as of December 28, 2011, among DT Warehouse, LLC, as
Borrower, DT Credit Company, LLC, as Servicer, Wells Fargo Bank, National Association, as Backup Servicer, Paying Agent and Securities Intermediary, the Persons from time to time party thereto as Conduit Lenders, the financial institutions from time
to time party thereto as Committed Lenders, the Persons from time to time party thereto as Managing Agents and Deutsche Bank AG, New York Branch, as Program Agent for the Conduit Lenders and the Committed Lenders (as amended, restated, supplemented
or otherwise modified from time to time, the “Agreement”). Terms defined in the Agreement are used herein with the same meaning. 
 [Assigning Lender] (the “Assignor”), [Assignee] (the “Assignee”) and [Assignor’s Managing Agent], in its capacity as Managing Agent for the
Lender Group which includes the Assignor [and the Assignee] (in such capacity, the “Managing Agent”), hereby agree as follows: 

1.        Purchase and Sale of
Interest.    The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, an interest in and to all of the Assignor’s rights and obligations under the Agreement
as of the date hereof (including, without limitation, its [Commitment] [Conduit Lending Limit] and all Loans, if any, or interests therein held by it) equal to the percentage (the “Percentage”) interest specified on the signature
page hereto. After giving effect to such sale and assignment, [the Assignee will be a [Committed] [Conduit] Lender in the Lender Group that includes
[                    ] as the Managing Agent and] the Assignee’s [Commitment] [Conduit Lending Limit] will be as set forth in
Section 2 of the signature page hereto. [As consideration for the sale and assignment contemplated in this Section 1, the Assignee shall pay to the Assignor on the Effective Date (as hereinafter defined) in immediately available funds an
amount equal to $[                    ], representing the purchase price payable by the Assignee for the interests in the transferred interest
sold and assigned to the Assignee under this Section 1.]1 * 

2.        Representations and Disclaimers of Assignor.  The
Assignor: 
 (a)      represents and warrants that it is the legal
and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; 
 (b)      makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with any
Facility Document or any other instrument or document furnished pursuant thereto or the execution, legality, validity, enforceability, genuineness, sufficiency or value of any Facility Document or any other instrument or document furnished pursuant
thereto; and 
 (c)      makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the Originator, the Borrower or the Servicer, or the performance or observance by any such party of any of its respective obligations under the Facility Documents or any other
instrument or document furnished pursuant thereto. 

3.        Representations and Agreements of Assignee.  The
Assignee: 
  
  

	1 	Include bracketed text if Assignor holds a portion of the Loans on the Effective Date. 

 (a)      confirms that it has
received a copy of the Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.02(b) of the Agreement and such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment and Acceptance; 

(b)      agrees that it will, independently and without reliance upon the
Program Agent, any Managing Agent, the Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Agreement;

 (c)      [appoints and authorizes the Program Agent and
[                    ], as its Managing Agent, to take such action as agent on its behalf and to exercise such powers under the Agreement and
the other Facility Documents as are delegated to the Program Agent and such Managing Agent, respectively, by the terms thereof, together with such powers as are reasonably incidental thereto;] 

(d)      agrees that it will perform in accordance with their terms all of
the obligations which by the terms of the Agreement and this Assignment and Acceptance are required to be performed by it as a [Committed] [Conduit] Lender; 

(e)      specifies as its address for notices the office set forth beneath
its name on the signature pages hereof; and 
 (f)      represents
that this Assignment and Acceptance has been duly authorized, executed and delivered by the Assignee pursuant to its [corporate] powers and constitutes the legal, valid and binding obligation of the Assignee. 

4.        Effectiveness of Assignment.    Following
the execution of this Assignment and Acceptance by the Assignor, the Managing Agent, [and] the Assignee, [the Borrower and the Servicer,] it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date
of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”). 

5.        Rights of the Assignee.    Upon such
acceptance and recording by the Program Agent, as of the Effective Date, [(i) the Assignee shall be a party to the Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a [Committed] [Conduit]
Lender thereunder and hereunder and (ii)] the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Agreement. 

6.        Payments.  Upon such acceptance and recording by the
Program Agent, from and after the Effective Date, all payments under the Agreement in respect of the interest assigned hereby (including, without limitation, all payments of fees with respect thereto) shall be made to the Assignee or the
Assignee’s Managing Agent, for the benefit of the Assignee, in accordance with the Agreement. The Assignor and Assignee shall make all appropriate adjustments in payments under the Agreement for periods prior to the Effective Date directly
between themselves. 

 7.        GOVERNING
LAW.        THIS ASSIGNMENT AND ACCEPTANCE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAWS BUT
OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). 
 IN WITNESS WHEREOF, the parties hereto have caused
this Assignment and Acceptance to be executed by their respective officers thereunto duly authorized, as of the date first above written. 

 Signature Page to 
 Assignment and Acceptance 
 Dated as of [Date] 

 

					
	 Section 1.
	  		  	
	   Percentage:
	  	             %
	  	
			
	 Section 2.
	  		  	
	   Assignee’s [Commitment] [Conduit Lending Limit] as of the Effective Date:
	  	 $                    
	  	
			
	   Principal Amount of Loans
   held by Assignee as of the Effective Date:
	  	 $                    
	  	
			
	 Section 3.
	  		  	
		
	   Effective Date:2 **
	  	
                    , 20    

  

									
		 	 [NAME OF ASSIGNOR]
	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	        Name:
	 		 	
		 	        Title:
	 		 	
				
		 	 [NAME OF ASSIGNEE]
	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	        Name:
	 		 	
		 	        Title:
	 		 	
				
		 	 Address for Notices:
 [Insert]
	 		 	
			
		 	 Accepted this [day] of [month], [year]
	 	
			
		 	 DEUTSCHE BANK AG, NEW YORK BRANCH, as

Program Agent
	 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	

  
  

	2 	 This date should be no earlier than the date of acceptance by the Program Agent. 

 AGREED TO THIS        DAY OF
                    , 20     : 

 

							
	 [NAME OF MANAGING AGENT],
 as Managing Agent
	 		 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
			
	 DT WAREHOUSE, LLC,
 as Borrower
	 		 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
			
	 DT CREDIT COMPANY, LLC,
 as Servicer
	 		 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:]
	 		 	

 EXHIBIT I 
 FORM OF JOINDER AGREEMENT 
 Reference is made to the Loan
and Servicing Agreement, dated as of December 28, 2011, among DT Warehouse, LLC, as Borrower, DT Credit Company, LLC, as Servicer, Wells Fargo Bank, National Association, as Backup Servicer, Paying Agent and Securities Intermediary, the Persons
from time to time party thereto as Conduit Lenders, the financial institutions from time to time party thereto as Committed Lenders, the Persons from time to time party thereto as Managing Agents and Deutsche Bank AG, New York Branch, as Program
Agent for the Conduit Lenders and the Committed Lenders (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”). To the extent not defined herein, capitalized terms used herein have the meanings
assigned to such terms in the Agreement. 
 [New Managing Agent] (the “New Managing
Agent”), [New Conduit Lender(s)] (the “New Conduit Lender(s)”) and [New Committed Lender(s)] (the “New Committed Lender(s)”; and together with the New Managing Agent and New Conduit Lender(s),
the “New Lender Group”) agree as follows: 

1.        By execution and delivery of this Joinder Agreement and pursuant to
Section 10.04 of the Agreement, the New Lender Group elects to become a “Lender Group” under the Agreement. 
 2.        The effective date (the “Effective Date”) of this Joinder Agreement shall be the later of (i) the date on which a fully executed
copy of this Joinder Agreement is delivered to the Program Agent, (ii) the date of this Joinder Agreement [and (iii) the effective date of that certain assignment agreement of even date herewith between the [New Committed Lender] [New
Conduit Lender] and [Name of [Committed] [Conduit] Lender Assignor]. 

3.        By executing and delivering this Joinder Agreement, each of the New
Managing Agent, the New Conduit Lender(s) and the New Committed Lender(s) confirms to and agrees with each other party to the Agreement that (i) it has received a copy of the Agreement and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Joinder Agreement; (ii) it will, independently and without reliance upon the Program Agent, any other Managing Agent, any other Lender or any of their respective
Affiliates, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Agreement or any documents or agreements to be delivered thereunder;
(iii) it appoints and authorizes the Program Agent to take such action as agent on its behalf and to exercise such powers pursuant to Article IX of the Agreement; (iv) it will perform in accordance with their terms all of the
obligations which by the terms of the Agreement and the documents or agreements to be delivered thereunder are required to be performed by it as a Managing Agent, a Conduit Lender, or a Committed Lender, respectively; (v) its address for
notices shall be the office set forth beneath its name on the signature pages of this Joinder Agreement; (vi) the Lender Group Limit for the New Lender Group shall be as set forth on the signature page hereto; and (vii) it is duly
authorized to enter into this Joinder Agreement. 
 4.        On the
Effective Date of this Joinder Agreement, each of the New Managing Agent, the New Conduit Lender(s) and the New Committed Lender(s) shall join in and be a party to the Agreement and, to the extent provided in this Joinder Agreement, shall have the
rights and obligations of a Managing Agent, a Conduit Lender and a Committed Lender, respectively, under the Agreement. Schedule II to the Agreement shall be amended to incorporate the information set forth on Schedule I to this
Joinder Agreement and Schedule III shall be amended to incorporate the notice addresses set forth on 

 
the signature pages to this Joinder Agreement. [In addition, the New Conduit Lender hereby specifies that it is a “Pre-Review Conduit Lender”.] 

5.        This Joinder Agreement may be executed by one or more of the parties on
any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 6.        THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAWS BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). 

7.        Each of the parties hereto hereby waives any right to have a jury
participate in resolving any dispute, whether sounding in contract, tort, or otherwise between or among the parties hereto, or any of them, arising out of, connected with, related to, or incidental to the relationship between them in connection with
this Joinder Agreement. Instead, any dispute resolved in court will be resolved in a bench trial without a jury. 
 REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK 

 IN WITNESS WHEREOF, the parties hereto have caused this Joinder Agreement to
be executed by their respective officers thereunto duly authorized, as of this [    ] day of
[                    ], [20    ]. 

The “Lender Group Limit” for the New Lender Group is
$[                    ]. 
  

									
		 	NEW CONDUIT LENDER(S):	 		 	
				
		 	 [NAME(S)]
	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
				
		 	 Address for notices:
 [Address]
	 		 	
				
		 	NEW COMMITTED LENDER(S):	 		 	
				
		 	[NAME(S)]	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
 Title:
	 		 	
				
		 	 Address for notices:
 [Address]
	 		 	
				
		 	 NEW MANAGING AGENT:
	 		 	
				
		 	 [NAME]
	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
				
		 	 Address for notices:
 [Address]
	 		 	

 AGREED TO THIS        DAY OF
                    , 20     : 

 

							
	 DEUTSCHE BANK AG, NEW YORK BRANCH,
 as Program Agent
	 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
		
	 [EACH MANAGING AGENT],
 as a Managing Agent
	 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
			
	 DT WAREHOUSE, LLC,
 as Borrower
	 		 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
		
	 DT CREDIT COMPANY, LLC,
 as Servicer
	 	
			
	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	

 SCHEDULE I 
  

					
	Reference Bank for New Lender Group:	 	  
	 	
			
	Conduit Lending Limit(s) for New Conduit Lender(s):     	 	  
	 	
			
		 	  
	 	
			
	Commitment(s) of New Committed Lender(s):	 	  
	 	
			
		 	  
	 	

  

 EXHIBIT J 
 FORM OF PREPAYMENT NOTICE 
 [Date] 

 

			
	 To:
	  	 Deutsche Bank AG, New York Branch (“DBNY”), as Program Agent,

		  	 [Managing Agent], as a Managing Agent

		  	 Wells Fargo Bank, National Association, as Paying Agent

		
	 From:
	  	 DT Warehouse, LLC(the “Borrower”)

		
	 Re:
	  	 Loan and Servicing Agreement, dated as of December 28, 2011, among the Borrower, DT Credit Company, LLC, as Servicer, Wells Fargo Bank, National Association,
as Backup Servicer, Paying Agent and Securities Intermediary, the Persons from time to time party thereto as Conduit Lenders, the financial institutions from time to time party thereto as Committed Lenders, the Persons from time to time party
thereto as Managing Agents and DBNY, as Program Agent for the Conduit Lenders and the Committed Lenders (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”). Terms defined in the Agreement
are used herein with the same meaning.

 Pursuant to Section 2.05 of the Agreement, the undersigned hereby notifies each
Managing Agent of its intent to make certain prepayments (which shall be made ratably among the Lenders based on the aggregate outstanding Principal Amount of the Loans held by each) as outlined below. This notice must be received no later than
12:00 p.m. (New York City time) two (2) Business Days prior to the date of such payment. 
  

			
	 1.
	  	 The aggregate amount (which shall be at least $500,000, or integral multiples of $100,000 in excess thereof) of the prepayment is:
$                    

		
	 2.
	  	 The Business Day upon which the undersigned shall make such prepayment is:
                    .

 The undersigned hereby certifies that this prepayment notice is correct in all material
respects as of the date so furnished. 
  

									
		 	 DT WAREHOUSE, LLC, as Borrower
	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	                 Name:
	 		 	
		 	                 Title:
	 		 	

 EXHIBIT K 
 FORM OF NOTICE OF EXCLUSIVE CONTROL 
 [to be placed on Program Agent
letterhead] 
 NOTICE OF EXCLUSIVE CONTROL 
 [Date] 
 Wells Fargo Bank, National Association 

MAC N9311-161 

Sixth Street and Marquette Avenue 
 Minneapolis, Minnesota 55479 
 Attention: Corporate Trust Services –

			
		  	 Asset-Backed Administration

		
	 Re:
	  	 Loan and Servicing Agreement dated as of December 28, 2011 (the “Agreement”) by and among DT Warehouse, LLC, as borrower, DT Credit Company, LLC,
as servicer, Wells Fargo Bank, National Association, as backup servicer, paying agent and securities intermediary, the persons from time to time parties thereto as conduit lenders, the financial institutions from time to time party thereto as
committed lenders, the financial institutions from time to time party thereto as managing agents and Deutsche Bank AG, New York Branch, as program agent

 Ladies and Gentlemen: 
 This constitutes a Notice of Exclusive Control as referred to in paragraph 2.20(c) of the Agreement, a copy of which is attached hereto. Pursuant to such paragraph 2.20(c), we hereby notify you that we
are exercising our rights to assume and exercise exclusive control of account number [•] maintained with you. [Available funds deposited in such accounts should be sent at the end of each day to
[                    ]]. 
  

									
		 	 DEUTSCHE BANK AG, NEW YORK BRANCH,

as Program Agent
	 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
				
		 	
By:                             
                                         
   
	 		 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	

 EXHIBIT L 
 FORM OF LTV ADJUSTED ADVANCE RATE CERTIFICATE 
 [To Be Provided By Deutsche
Bank] 

 EXHIBIT M 
 FORM OF BORROWING BASE CERTIFICATE 
 Attached 

 EXHIBIT N 
 MASTER AGENCY AGREEMENT 
 Attached 

 EXHIBIT O 
 INTERCREDITOR PROVISIONS 
 1.        Upon the sale,
purported sale, assignment or other transfer by DTAC to the Borrower of any Contract, the related Contract Rights, the related “supporting obligations” (as defined in Article 9 of the UCC) and proceeds of any of the foregoing, any Adverse
Claim in favor of any creditor of DTAC or DTAG (a “Recourse Creditor”) that exists or would otherwise then exist or arise in respect of such Collateral shall immediately thereupon, automatically and without any further action on the
part of any Person, cease to exist and be released, terminated and extinguished, with the effect that at no time shall any Recourse Creditor have any Adverse Claim in such Collateral, and each Recourse Creditor releases, waives and terminates any
right, interest or Adverse Claim of any kind in the Collateral. 
 2.        In the event that any
payment or distribution to a Recourse Creditor is made from any of the Collateral upon or with respect to any of the claims of such Recourse Creditor, or any Recourse Creditor obtain possession of any of the Collateral prior to the Final Collection
Date, each Recourse Creditor shall receive and hold the same in trust, for the benefit of the Program Agent and the Lenders and shall forthwith deliver the same to the Program Agent in the form received (except for the endorsement or assignment of
such Recourse Creditor where necessary) for application against the Borrower Obligations, whether due or not due, and, until so delivered, the same shall be held in trust by such Recourse Creditor as the property of the Program Agent for itself and
the Lenders. 
 3.        If a Recourse Creditor shall come to hold or own any Equity Interests of the
Borrower, it shall not, without the prior consent of the Program Agent (which consent shall not be unreasonably withheld or delayed), (i) except after a payment default and in accordance with its rights and remedies under the applicable
agreement governing the indebtedness of such Recourse Creditor, transfer, assign, pledge or sell its interests in such Equity Interests and (ii) cause or consent to any amendment or other modification to the certificate of formation, limited
liability company agreement or other constitutional documents of the Borrower, or any merger, consolidation or other combination of the Borrower with or into any other Person, or the commencement of any insolvency or liquidation proceeding in
respect of the Borrower. 
 4.        Each Recourse Creditor (i) will recognize the corporate
separateness of the Borrower from DTAC, DTAG and the other subsidiaries and affiliates of DTAC and DTAG, (ii) will not seek to substantively consolidate the assets and liabilities of the Borrower with any other Person, (iii) will not
challenge the sales, contributions or other transfers of property from DTAC to the Borrower or contest or support any other Person in contesting, in any proceeding, as not constituting “true sales” or “true contributions” from
DTAC to the Borrower and (iv) will not assert that the assets and liabilities of any of DTAC, DTAG or any subsidiaries of DTAC or DTAG and the Borrower should be substantively consolidated. 

 SCHEDULE I 
 LENDER GROUPS 
  

											
	 Deutsche Bank Lender
Group
  

	 Managing Agent
  
	 	 Conduit Lender

 
	 	 Conduit Lending

Limit
	 	 Committed Lender

 
	  	 Commitment

 
	 	 Reference Bank

 

	  

Deutsche Bank AG,
 New York Branch
	 	  
 N/A
	 	  
 N/A
	 	  
 Deutsche Bank Trust Company
Americas
	  	  
 $150,000,000
	 	  
 Deutsche Bank AG, New York Branch

 SCHEDULE II 
 NOTICE ADDRESSES 
 DT Warehouse, LLC 

4020 East Indian School Road, Suite 630 
 Phoenix, AZ 85018 
 Telephone: (602) 667-2430 

Attention:   Secretary 
 DT Credit Company, LLC 
 4020 East Indian School Road 

Phoenix, AZ 85018 

Telephone: (602) 852-6600 
 Attention:   Secretary 
 Wells Fargo Bank, National Association

 MAC N9311-161 
 Sixth Street and Marquette Avenue 
 Minneapolis, Minnesota 55479 

Telephone: (612) 667-3464 
 Facsimile:  (612) 667-8058 
 Attention: Corporate Trust Services
– Asset-Backed Administration 
 Deutsche Bank AG, New York Branch 

60 Wall Street, 3rd Floor 
 New York, New York 10005 
 Telephone:  (212) 250-4731 

Facsimile:  (212) 797-5150 
 Attention:  Conduit Funding/Administration 
 Deutsche Bank Trust Company
Americas 
 c/o Deutsche Bank AG, New York Branch 
 60 Wall Street, 3rd Floor 
 New York, New York 10005 

Telephone:  (212) 250-9390 
 Facsimile:  (646) 719-0933 
 Attention:  Diedre Hollywood

 SCHEDULE III 
 APPROVED SUB-SERVICERS 
 None 

 SCHEDULE IV 
 CONTRACT DEBTOR DOCUMENTS 
 Each of the following documents constitute the
Contract Debtor Documents: 
  

	 	1.	 The Contract Delivery Documents; 

  

	 	2.	 The dealer invoice and invoices for any additional equipment included in the Contract, if applicable; 

 

	 	3.	 Each of the following: (a) the original signed completed credit application, (b) the credit bureau reports, (c) the completed credit
investigation form, (d) the completed verification of employment and income forms, and (e) Contract Debtor references; 

  

	 	4.	 The Originator’s funds disbursement listing, if applicable; 

 

	 	5.	 A certificate for each type of Optional Contract Debtor Insurance purchased by Contract Debtor; 

 

	 	6.	 The Originator’s “deal structure” sheet; 

 

	 	7.	 The military pay allotment form if the Contract Debtor is in military service and if such allotment has been made; and 

 

	 	8.	 The payment history and accounting for the Contract. 

 SCHEDULE V 
 EMPLOYEE PURCHASE PROGRAM TERMS 
 AttachedLoan and Security Agreement

 Exhibit 10.17 
 Confidential information in this Loan and Security Agreement has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request

  
  
 DT WAREHOUSE V, LLC, 
 as the Borrower, 

DT CREDIT COMPANY, LLC, 
 as the Servicer, 
 WELLS FARGO BANK, N.A. 

as the Lender, 

WELLS FARGO SECURITIES, LLC, 
 as the Administrative Agent, 
 and 

WELLS FARGO BANK, N.A., 
 as the Backup Servicer and as the Collateral Custodian 
  

 
 LOAN AND
SECURITY AGREEMENT 
 Dated as of December 23, 2011 

 
  

 
  

 TABLE OF CONTENTS 

 

									
	 	 	 	    	 	  	Page	 
		
	 Article I Definitions; Construction
	  	 	1	  
		 	 Section 1.1.
	    	 Definitions.
	  	 	1	  
		 	 Section 1.2.
	    	 ing Terms and Determinations.
	  	 	30	  
		 	 Section 1.3.
	    	 Computation of Time Periods.
	  	 	30	  
		 	 Section 1.4.
	    	 Interpretation.
	  	 	30	  
	 Article II Loans
	  	 	30	  
		 	 Section 2.1.
	    	 Loans.
	  	 	30	  
		 	 Section 2.2.
	    	 Reductions of the Commitment.
	  	 	32	  
		 	 Section 2.3.
	    	 Extensions of Commitments.
	  	 	33	  
		 	 Section 2.4.
	    	 The Note.
	  	 	33	  
		 	 Section 2.5.
	    	 Optional Principal Repayment; Right of First Refusal.
	  	 	33	  
		 	 Section 2.6.
	    	 Payments.
	  	 	34	  
		 	 Section 2.7.
	    	 Settlement Procedures.
	  	 	35	  
		 	 Section 2.8.
	    	 Repayment Obligation.
	  	 	37	  
		 	 Section 2.9.
	    	 Payments, Computations, Etc.
	  	 	37	  
		 	 Section 2.10.
	    	 Collections and Allocations; Investment of Funds.
	  	 	38	  
		 	 Section 2.11.
	    	 Fees.
	  	 	39	  
		 	 Section 2.12.
	    	 Increased Costs; Capital Adequacy; Illegality.
	  	 	39	  
		 	 Section 2.13.
	    	 Taxes.
	  	 	40	  
		 	 Section 2.14.
	    	 Re-Liening Trigger Event.
	  	 	43	  
		 	 Section 2.15.
	    	 Permitted Take-Outs.
	  	 	43	  
	 Article III Security
	  	 	45	  
		 	 Section 3.1.
	    	 Collateral and Backup Collateral.
	  	 	45	  
		 	 Section 3.2.
	    	 Release of Collateral; No Legal Title.
	  	 	48	  
		 	 Section 3.3.
	    	 Protection of Security Interest; Administrative Agent, as Attorney-in-Fact.
	  	 	48	  
		 	 Section 3.4.
	    	 Collateral Assignment of the Purchase Agreement.
	  	 	49	  
	 Article IV Conditions of Closing and Loans
	  	 	49	  
		 	 Section 4.1.
	    	 Conditions to Closing.
	  	 	49	  
		 	 Section 4.2.
	    	 Conditions Precedent to All Loans.
	  	 	50	  
	 Article V Representations and Warranties
	  	 	52	  
		 	 Section 5.1.
	    	 Representations and Warranties of the Borrower.
	  	 	52	  
		 	 Section 5.2.
	    	 Representations and Warranties of the Borrower relating to this Agreement and the Pledged Contracts.
	  	 	56	  
		 	 Section 5.3.
	    	 Representations and Warranties of the Initial Servicer.
	  	 	57	  
		 	 Section 5.4.
	    	 Representations and Warranties of the Backup Servicer.
	  	 	58	  
		 	 Section 5.5.
	    	 Breach of Representations and Warranties; Retransfer of an Ineligible Contract.
	  	 	59	  
	 Article VI Covenants
	  	 	60	  
		 	 Section 6.1.
	    	 Affirmative Covenants of the Borrower.
	  	 	60	  
		 	 Section 6.2.
	    	 Negative Covenants of the Borrower.
	  	 	63	  
		 	 Section 6.3.
	    	 Covenant of the Borrower Relating to the Hedging Agreement.
	  	 	68	  
		 	 Section 6.4.
	    	 Affirmative Covenants of the Servicer.
	  	 	68	  
		 	 Section 6.5.
	    	 Negative Covenants of the Servicer.
	  	 	71	  

  
 i 

									
		 	 Section 6.6.
	    	 Confirmation of Release of Liens on the Contracts.
	  	 	72	  
	 Article VII Administration and Servicing of Pledged Contracts
	  	 	73	  
		 	 Section 7.1.
	    	 Designation of Servicing.
	  	 	73	  
		 	 Section 7.2.
	    	 Servicing Compensation.
	  	 	73	  
		 	 Section 7.3.
	    	 Duties of the Servicer.
	  	 	73	  
		 	 Section 7.4.
	    	 Collection of Payments.
	  	 	77	  
		 	 Section 7.5.
	    	 [Reserved.]
	  	 	78	  
		 	 Section 7.6.
	    	 Payment of Certain Expenses by the initial Servicer.
	  	 	78	  
		 	 Section 7.7.
	    	 Reports.
	  	 	78	  
		 	 Section 7.8.
	    	 Reserved.
	  	 	79	  
		 	 Section 7.9.
	    	 Annual Independent Public Accountant’s Reports.
	  	 	79	  
		 	 Section 7.10.
	    	 Rights Prior to Assumption of Duties by the Backup Servicer or Designation of Successor Servicer.
	  	 	80	  
		 	 Section 7.11.
	    	 Rights After Assumption of Duties by Backup Servicer or Designation of Successor Servicer; Liability.
	  	 	81	  
		 	 Section 7.12.
	    	 Limitation on Liability of the Servicer and Others.
	  	 	82	  
		 	 Section 7.13.
	    	 The Servicer Not to Resign.
	  	 	83	  
		 	 Section 7.14.
	    	 Servicer Termination Events.
	  	 	83	  
		 	 Section 7.15.
	    	 Appointment of Successor Servicer.
	  	 	84	  
		 	 Section 7.16.
	    	 Reserved.
	  	 	86	  
		 	 Section 7.17.
	    	 Wells Fargo as Successor Servicer.
	  	 	86	  
		 	 Section 7.18.
	    	 Responsibilities of the Borrower.
	  	 	88	  
	 Article VIII Backup Servicer
	  	 	88	  
		 	 Section 8.1.
	    	 Designation of the Backup Servicer.
	  	 	88	  
		 	 Section 8.2.
	    	 Duties of the Backup Servicer.
	  	 	88	  
		 	 Section 8.3.
	    	 Backup Servicing Compensation.
	  	 	88	  
		 	 Section 8.4.
	    	 Backup Servicer Removal.
	  	 	89	  
		 	 Section 8.5.
	    	 The Backup Servicer Not to Resign.
	  	 	89	  
		 	 Section 8.6.
	    	 Reserved.
	  	 	89	  
		 	 Section 8.7.
	    	 Covenants of the Backup Servicer.
	  	 	89	  
	 Article IX The Collateral Custodian
	  	 	89	  
		 	 Section 9.1.
	    	 Compensation and Indemnification of Collateral Custodian.
	  	 	89	  
		 	 Section 9.2.
	    	 Representations, Warranties and Covenants of the Collateral Custodian.
	  	 	90	  
		 	 Section 9.3.
	    	 Covenants of the Collateral Custodian.
	  	 	91	  
		 	 Section 9.4.
	    	 Liability of the Collateral Custodian.
	  	 	91	  
		 	 Section 9.5.
	    	 Certain Matters Affecting the Collateral Custodian.
	  	 	93	  
	 Article X Termination Events and Foreclosure Events
	  	 	95	  
		 	 Section 10.1.
	    	 Termination Events.
	  	 	95	  
		 	 Section 10.2.
	    	 Foreclosure Events.
	  	 	97	  
		 	 Section 10.3.
	    	 Exercise of Remedies.
	  	 	100	  
		 	 Section 10.4.
	    	 Waiver of Certain Laws.
	  	 	101	  
		 	 Section 10.5.
	    	 Power of Attorney.
	  	 	101	  
	 Article XI Indemnification
	  	 	102	  
		 	 Section 11.1.
	    	 Indemnities by the Borrower.
	  	 	102	  
		 	 Section 11.2.
	    	 Indemnities by the Servicer.
	  	 	104	  
	 Article XII The Administrative Agent
	  	 	104	  

  
 ii 

									
		 	 Section 12.1.
	    	 Authorization and Action.
	  	 	104	  
		 	 Section 12.2.
	    	 Delegation of Duties.
	  	 	105	  
		 	 Section 12.3.
	    	 Exculpatory Provisions.
	  	 	105	  
		 	 Section 12.4.
	    	 Reliance.
	  	 	105	  
		 	 Section 12.5.
	    	 Non-Reliance on Administrative Agent.
	  	 	106	  
		 	 Section 12.6.
	    	 Indemnification.
	  	 	107	  
		 	 Section 12.7.
	    	 Administrative Agent in its Individual Capacity.
	  	 	107	  
		 	 Section 12.8.
	    	 Successor Agents.
	  	 	107	  
	 Article XIII Assignments; Participations
	  	 	108	  
		 	 Section 13.1.
	    	 Assignments and Participations.
	  	 	108	  
	 Article XIV Mutual Covenants Regarding Confidentiality
	  	 	110	  
		 	 Section 14.1.
	    	 Covenants of the Borrower, the Servicer, the Backup Servicer and the Collateral Custodian.
	  	 	110	  
		 	 Section 14.2.
	    	 Covenants of the Administrative Agent, the Lender, the Backup Servicer and the Collateral Custodian.
	  	 	111	  
		 	 Section 14.3.
	    	 Non-Confidentiality of Tax Treatment and Tax Structure.
	  	 	112	  
	 Article XV Miscellaneous
	  	 	112	  
		 	 Section 15.1.
	    	 Amendments and Waivers.
	  	 	112	  
		 	 Section 15.2.
	    	 Notices, Etc.
	  	 	113	  
		 	 Section 15.3.
	    	 No Waiver, Rights and Remedies.
	  	 	113	  
		 	 Section 15.4.
	    	 Binding Effect.
	  	 	113	  
		 	 Section 15.5.
	    	 Term of this Agreement.
	  	 	113	  
		 	 Section 15.6.
	    	 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF OBJECTION TO VENUE.
	  	 	114	  
		 	 Section 15.7.
	    	 WAIVER OF JURY TRIAL.
	  	 	114	  
		 	 Section 15.8.
	    	 Costs, Expenses and Taxes.
	  	 	114	  
		 	 Section 15.9.
	    	 Recourse Against Certain Parties.
	  	 	115	  
		 	 Section 15.10.
	    	 Patriot Act Compliance.
	  	 	115	  
		 	 Section 15.11.
	    	 Execution in Counterparts; Severability; Integration.
	  	 	115	  
		 	 Section 15.12.
	    	 Third Party Beneficiary.
	  	 	116	  

  
 iii

					
	 SCHEDULES

			
	 Schedule A
	    	 –
	    	 Eligible Contract Criteria

	 Schedule B
	    	 –
	    	 Schedule of Contracts

	 Schedule C
	    	 –
	    	 Location of Contract Files

	 Schedule D
	    	 –
	    	 Schedule of Documents

	 Schedule E
	    	 –
	    	 Tradenames

	
	 EXHIBITS

			
	 Exhibit A
	    	 –
	    	 Form of Funding Request

	 Exhibit B
	    	 –
	    	 Form of Note

	 Exhibit C
	    	 –
	    	 Form of Assignment and Acceptance

	 Exhibit D
	    	 –
	    	 Credit and Collection Policy

	 Exhibit E
	    	 –
	    	 Form of Hedging Agreement (including Schedule and Confirmation)

	 Exhibit F
	    	 –
	    	 Form of Power of Attorney

	 Exhibit G
	    	 –
	    	 Form of Permitted Take-Out Release

	 Exhibit H
	    	 –
	    	 Form of Solvency Certificate

	 Exhibit I
	    	 –
	    	 Form of Monthly Report

	 Exhibit J
	    	 –
	    	 Form of Monthly Backup Servicer Certificate

	 Exhibit K
	    	 –
	    	 Form of Residual Interest Conveyance Agreement (Approved Form)

	 Exhibit L
	    	 –
	    	 Form of Principal Repayment Notice

	 Exhibit M
	    	 –
	    	 Form of Collateral Custodian Fee Letter

	 Exhibit N
	    	 –
	    	 Master Agency Agreement

	 Exhibit O
	    	 –
	    	 Form of Motor Vehicle Installment Sales Contract

	 Exhibit P
	    	 –
	    	 Copy of Employee Purchase Program Terms and Conditions

  
 iv 

 LOAN AND SECURITY AGREEMENT 

This Loan and Security Agreement, dated as of December 23, 2011 (this “Agreement”), is among
DT WAREHOUSE V, LLC, a Delaware limited liability company, as borrower (the “Borrower”), DT CREDIT COMPANY, LLC, an Arizona limited liability company (together with its permitted successors and assigns,
“DTCC”), as servicer (the “Servicer”), Wells Fargo Bank, N.A., as lender (the “Lender”), Wells Fargo Securities, LLC, a Delaware limited liability company, as administrative
agent for the Lender (the “Administrative Agent”), and Wells Fargo Bank, N.A., a national banking association, as the collateral custodian (in such capacity, the “Collateral Custodian”) and as the
backup servicer (in such capacity, the “Backup Servicer”). 
 W I T N E S S E T H: 

WHEREAS, the Borrower was formed for the purpose of taking assignments of and holding various assets, including motor
vehicle finance contracts, amounts received on or in respect of such motor vehicle finance contracts and proceeds of the foregoing; 
 WHEREAS, the Borrower has requested that the Lender make certain loans to the Borrower from time to time, the proceeds of which will be used to finance the purchase price of assets as described herein;

 NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Article I 

Definitions; Construction 
 Section 1.1.     Definitions. 
 Whenever used herein, unless the context otherwise requires, the following words and phrases shall have the following meanings: 
 Accepted Servicing Practices: With respect to any Contract, those servicing practices (including collection procedures) of prudent subprime auto loan servicing institutions which service auto loans
of the same type as such Contract in the jurisdiction where such Contract is located, and which are in accordance with Applicable Law, the provisions of this Agreement and the practices described in the Credit and Collection Policy. 

Account Bank:   Wells Fargo Bank, N.A., or any other bank approved by the Administrative Agent. 

Account Collateral:    With respect to each Account, such Account, together with all cash, securities,
financial assets (as defined in Section 8-102(a)(9) of the UCC) and investments and other property from time to time deposited or credited to such Account and all proceeds thereof. 

Accounting Period: A calendar month. 

 Accounts: The Collection Account and the Reserve Account. 

Addition Date:  Each date when Subsequent Contracts are added to the Collateral in connection with a Subsequent Loan.

 Additional Amount:  As defined in Section 2.13(a). 

Adjusted Borrowing Base:  On any day on or after the occurrence of an Overcollateralization Increase Event, the
percentage equivalent of a fraction the numerator of which is the Note Balance on such day and the denominator of which is the Net Principal Balance on such day, in each case, determined after giving effect to any Subsequent Loan made on such day
and the addition of any Subsequent Contracts made in connection with such Subsequent Loan. 
 Adjusted Eurodollar
Rate:    On any day, an interest rate per annum equal to the quotient, expressed as a percentage and rounded upwards, if necessary, to the nearest 1/100 of 1%, obtained by dividing (a) the LIBOR Rate by (b) 100%
minus the Eurodollar Reserve Percentage. 
 Administrative Agent: As defined in the Preamble. 

Administrative Agent’s Account: That account held at the Account Bank (account number [*]) in the name of the Administrative Agent. 

Advance Rate:    On any date (i) other than a day during any Overcollateralization Increase Period, 57.6%
and (ii) on any day during any Overcollateralization Increase Period, 47.6%. 

Advisors:   Accountants, attorneys, consultants, advisors, credit enhancers, liquidity providers and Persons
similar to the foregoing and the respective directors, officers, employees and managers of each of the foregoing. 
 Affected
Party:    The Lender, the Administrative Agent and their respective successors and assigns. 

Affiliate: With respect to a Person, any other Person controlling, controlled by or under common control with such Person. For
purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise; and the terms “controlling” or “controlled” have meanings correlative to the foregoing. 
 Aggregate Unpaids:   With respect to any date, an amount equal to the sum of (i) the Note Balance, (ii) all accrued but unpaid Interest, (iii) all Used Fees and Unused
Fees, (iv) all amounts due and owing or accrued but unpaid as of such date of determination to the Collateral Custodian and to the Backup Servicer and, (v) without duplication, all other Obligations owed (whether due

  
  

* Confidential information on this page has been omitted and filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Request. 

2 

 
and payable or accrued as of such date of determination) by the Borrower to the Secured Parties under this Agreement and the other Transaction Documents. 

Agreement: As defined in the Preamble. 
 Alternative Rate:  With respect to any Loan and an Interest Period, an interest rate per annum equal to the Adjusted Eurodollar Rate; provided, however, that the
“Alternative Rate” shall be the Base Rate if at the time such rate is selected the Lender has notified the Administrative Agent that a Eurodollar Disruption Event has occurred. 

Amortization Date:  The earlier to occur of (i) the Commitment Termination Date and (ii) the Termination Date.

 Annual Percentage Rate or APR:   With respect to a Contract, the annual percentage rate of
finance charges stated in such Contract as the “annual percentage rate” (within the meaning of the Federal Truth-in-Lending Act). If, after the applicable Funding Date, the rate per annum with respect to a Pledged Contract as of such
Funding Date is reduced as a result of (i) an insolvency proceeding involving the related Obligor or (ii) pursuant to the Servicemembers Civil Relief Act, “Annual Percentage Rate” or “APR” shall refer to such reduced
rate. 
 Applicable Law: For any Person, all existing and future applicable laws, rules, regulations (including proposed,
temporary and final income tax regulations), statutes, treaties, codes, ordinances, permits, certificates, orders and licenses of and interpretations by any Governmental Authority (including usury laws, the Federal Truth-in-Lending Act, Regulation Z
and Regulation B of the Federal Reserve Board, the Securities Act and the Exchange Act), and applicable judgments, decrees, injunctions, writs, orders or line action of any court, arbitrator or other administrative, judicial or quasi-judicial
tribunal or agency of competent jurisdiction. 
 Approved Indebtedness: Any Indebtedness of DTAC and/or DTAG that is
subordinated in right of payment and security (if such Indebtedness is secured) to all senior secured Indebtedness of each of DTAC and DTAG and such Indebtedness shall have a scheduled maturity date no earlier than 18 months following the
Amortization Date. To be deemed “Approved Indebtedness”, DTAC and/or DTAG shall either place a legend indicating such subordination on every note, ledger page or other document evidencing any part of the Indebtedness or deliver such
documents to the Administrative Agent, on behalf of the Lenders. 
 Assignment and Acceptance: An assignment and
acceptance agreement between the Lender and an Eligible Assignee, in substantially the form of Exhibit C hereto. 

Assumption Date:  The date, if any, when the Backup Servicer becomes Successor Servicer hereunder. 

Authorized Officer: Any officer, including any president, vice president, assistant vice president, treasurer, assistant
treasurer, secretary or assistant secretary or any other officer performing functions similar to those performed by such officers. 
 Available Amount:    With respect to any Loan advanced (A) on any day during any Overcollateralization Increase Period, the lesser of (i) an amount equal to the excess
of (x) the 

  
 3 

 
product of the Advance Rate on such date and the Net Principal Balance (determined solely with respect to the Contracts to be added to the Collateral on such day) over (y) the amount, if
any, necessary to reduce the amount in clause (x) such that after giving effect to the Loan to be made on such day and the addition of the Eligible Contracts to the Collateral, none of the Concentration Limits are exceeded and
(ii) the excess, if any, of the Commitment over the Note Balance on such date, prior to giving effect to the Loan to be made on such date or (B) on any other day, the positive amount, if any by which the Borrowing Base exceeds the Note
Balance on such day. 
 Available Cash:  With respect to the DT Entities On A Consolidated Basis, at any date,
the sum of (i) all unrestricted cash and Cash Equivalents and (ii) the Borrowing Base Surplus, if any, on such date. 

Available Funds:   For any Payment Date and the related Collection Period, the sum of (i) Collections in
respect of the Pledged Contracts and Collateral on deposit in the Collection Account, to the extent received during or in respect of the related Collection Period, (ii) any Reserve Account Excess Amounts relating to investment earnings
described in Section 2.10(f)(ii) for the related Collection Period, and (iii) investment earnings on deposit in the Collection Account. 
 Available Funds Shortfall:  For any Payment Date, the positive difference, if any, of (i) the amount necessary to make all distributions required to be made pursuant to clauses
(i) through (vi) of Section 2.7 (and, solely to the extent that the Note Balance exceeds the Net Principal Balance on such Payment Date, clause (vii) of Section 2.7) over (ii) the Available Funds for such
Payment Date. 
 Available Liquidity:  With respect to the DT Entities On A Consolidated Basis at any date, the
aggregate for such date of (i) all Available Cash, (ii) the unused portion of the amount available to be borrowed as of such date under the Inventory Facility (such amount being the positive amount, if any, by which, so long as all the
conditions to making a borrowing under the applicable documents are satisfied on such date, the applicable borrowing base exceeds the outstanding principal amount of loans thereunder), (iii) the unused portion of the amount available to be
borrowed as of such date (such amount being the positive amount, if any, by which, so long as all the conditions to making a borrowing under the applicable documents are satisfied on such date, the applicable borrowing base exceeds the outstanding
principal amount of loans thereunder) under each Warehouse Facility reviewed and approved by the Administrative Agent (such approval not to be unreasonably withheld or delayed), (iv) the unused portion of the amount available to be borrowed as
of such date (such amount being the positive amount, if any, by which, so long as all the conditions to making a borrowing under the applicable documents are satisfied on such date, the applicable borrowing base exceeds the outstanding principal
amount of loans thereunder) under any other asset-based credit facility (including, without limitation, a credit facility secured by residual interests in securitization transactions involving Contracts) reviewed and approved by the Administrative
Agent (such approval not to be unreasonably withheld or delayed), and (v) so long as all the conditions to making a borrowing under the applicable documents are satisfied on such date, an amount (without duplication) that would be the unused
portion of borrowing availability as of such date under any committed asset-based credit facility (including, without limitation, a credit facility 

  
 4 

 
secured by residual interests in securitization transactions involving Contracts) reviewed and approved by the Administrative Agent (such approval not to be unreasonably withheld or delayed) if
all unencumbered Contracts or Contracts which would meet the eligibility criteria under any such facility and are available to be released and transferred to the applicable borrower as collateral thereunder (without causing an event of default under
any applicable facility) were released and so transferred. For the avoidance of doubt, all calculations of amounts available under any of the facilities referred to in clauses (ii) through (v) above shall be determined without duplication,
such that if any asset is eligible under more than one facility, is shall be deemed to be available only under one facility. 

Backup Servicer: As defined in the Preamble. 
 Backup Servicer Termination Notice: As defined in Section 8.4. 

Backup Servicing Fee:   The fee payable to the Backup Servicer in accordance with Section 2.11(c).

 Backup Servicing Fee Rate: As defined in the Collateral Custodian Fee Letter. 

Bankruptcy Code: The United States Bankruptcy Code (Title 11 of the United States Code). 

Base Rate: A rate per annum equal to the greatest of (i) the Prime Rate and (ii) the Federal Funds Rate plus 0.50% and
(iii) the Adjusted Eurodollar Rate. 
 Benefit Plan: (i) employee benefit plans (as defined in
Section 3(3) of ERISA) that are subject to Title I of ERISA, (ii) plans described in Section 4975(e)(1) of the Code, including individual retirement accounts or Keogh Plans that are not exempt under Section 4975(g) of the Code
and (iii) any entities whose underlying assets include plan assets by reason of a plan’s investment in such entities. 

Borrower: As defined in the Preamble. 
 Borrower’s Account: The bank account of the Borrower, as notified to the Administrative Agent from time to time in writing by the Borrower, into which all Principal Amounts shall be deposited,
which account, as of the Closing Date, is in the name of DT Warehouse V, LLC, at the Account Bank. 
 Borrowing
Base:   As of any day, an amount equal to the lesser of (i) the product of (a) the Advance Rate in effect for such day and (b) the Net Principal Balance on such day and (ii) the Commitment. 

Borrowing Base Deficiency: Shall occur on any day on which (i) if such day occurs prior to the occurrence of an
Overcollateralization Increase Event, the Note Balance shall exceed sum of (x) the Borrowing Base in effect on such day and (y) funds on deposit on such day in the Collection Account and (ii) if such day occurs on or after the
occurrence of an Overcollateralization Increase Event, the Note Balance shall exceed sum of (x) the lesser of (I) the Borrowing Base (determined in accordance with clause (i) of the definition thereof) and (II) the Adjusted Borrowing
Base on such day and (y) funds on deposit on such day in the Collection Account. 

  
 5 

 Borrowing Base Surplus:  On any date of determination, so long as all the
conditions to making a Loan under this Agreement are satisfied on such date, (i) the excess, if any, of (A) the Borrowing Base over (B) the Note Balance less (ii) Aggregate Unpaids due and payable on such date. 

Breakage Costs:  Such amount or amounts as shall compensate the Lender for any loss, cost or expense (but excluding lost
profits) incurred by the Lender (as reasonably determined by the Lender) as a result of any prepayment of a Loan (and interest thereon). 
 Business Day:  (i) any day other than a Saturday or a Sunday on which commercial banking institutions are not required or authorized to be closed in New York, New York, Minneapolis,
Minnesota, Charlotte, North Carolina and Phoenix, Arizona and (ii) if the term “Business Day” is used in connection with the Adjusted Eurodollar Rate, such day must also be a LIBOR Business Day. 

Cash Equivalents:  On any day (a) marketable direct obligations issued by, or unconditionally guaranteed by, the
United States or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within 1 year from the date of acquisition thereof, (b) marketable direct obligations issued or fully guaranteed
by any state of the United States or any political subdivision of any such state or any public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings
obtainable from either S&P or Moody’s, (c) commercial paper maturing no more than 270 days from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 from S&P or at least P-1 from
Moody’s, (d) certificates of deposit, time deposits, overnight bank deposits or bankers’ acceptances maturing within 1 year from the date of acquisition thereof issued by any bank organized under the laws of the United States or any
state thereof or the District of Columbia or any United States branch of a foreign bank having at the date of acquisition thereof combined capital and surplus of not less than $250,000,000, (e) “deposit accounts” (as defined in the
UCC) maintained with (i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the full amount maintained with any such
other bank is insured by the Federal Deposit Insurance Corporation, (f) repurchase obligations of any commercial bank satisfying the requirements of clause (d) of this definition or recognized securities dealer having combined capital and
surplus of not less than $250,000,000, having a term of not more than seven days, with respect to securities satisfying the criteria in clauses (a) or (d) above, (g) debt securities with maturities of six months or less from the date
of acquisition backed by standby letters of credit issued by any commercial bank satisfying the criteria described in clause (d) above, and (h) investments in money market funds substantially all of whose assets are invested in the types
of assets described in clauses (a) through (g) above. 
 Certificate of Title:   With respect to
a Financed Vehicle, (i) the original certificate of title relating thereto, or copies of correspondence to the applicable Registrar of Titles, and all enclosures thereto, for issuance of the original certificate of title or (ii) if the
applicable Registrar of Titles issues a letter or other form of evidence of lien in lieu of a certificate of title (including electronic titling), the original lien entry letter or form or copies of correspondence to such applicable Registrar of
Titles, and all enclosures thereto, for issuance of the original lien entry letter or form, which, in either case, shall name the related Obligor as the owner of such 

  
 6 

 
Financed Vehicle and the Originator, the Borrower or the Administrative Agent, as secured party. 
 Change of Control:  The occurrence of any of the following: (a) the acquisition by any Person, or two or more Persons acting in concert, of beneficial ownership (within the meaning
of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934) of outstanding shares of voting stock or membership interests of either DTAC or DTAG at any time, if after giving effect to such acquisition, Ernest
C. Garcia II or an entity or trust affiliated with such individual, collectively, shall own less than 50% of the voting stock and membership interest of each of DTAC and DTAG or ceases to have the right to elect a majority of the board of directors
of either DTAC or DTAG; (b) any transaction or series of transactions whereby any Person or Persons acting in concert (other than the Lender and/or its Affiliates) acquire the right, by contract or otherwise, to direct the management and
activities of any DT Entity or its Subsidiaries; or (c) the Originator shall cease to own, directly or indirectly, 100% of the issued and outstanding membership interests of the Borrower. 

Closing Date:  The date hereof. 
 Code:  The Internal Revenue Code of 1986. 

Collateral:  As defined in Section 3.1(a). 

Collateral Custodian: Wells Fargo Bank, N.A., and its permitted successors and assigns. 

Collateral Custodian Fee:  The fees and expenses of the Collateral Custodian as described in the Collateral Custodian
Fee Letter. 
 Collateral Custodian Fee Letter:   The Collateral Custodian Fee Letter, dated as of the
date hereof, among the Originator, the Administrative Agent and the Collateral Custodian, a copy of which is attached hereto as Exhibit M. 
 Collection Account:  A segregated account established by the Servicer with the Account Bank, for the benefit of the Secured Parties, into which all Collections are deposited. 

Collection Period:   With respect to any Payment Date, the immediately preceding calendar month, except for the
first Payment Date, in which case such term means the period beginning on the Initial Cut-off Date, to and including December 31, 2011. 
 Collections:   All cash collections and other cash proceeds of the Pledged Contracts and Collateral, including all payments of principal, Interest Collections, investment earnings,
Liquidation Proceeds, Insurance Proceeds, deemed collections, payments made to Borrower under Hedging Agreements, and any funds received by the Borrower, the Originator, the Backup Servicer or the Servicer from the Pledged Contracts and Collateral
received during any Collection Period. 
 Commitment:  $150,000,000, as such amount may be modified in
accordance with the terms hereof. 

  
 7 

 Commitment Termination Date:   December 22, 2013 or such later
date to which the Commitment Termination Date may be extended in accordance with Section 2.3. 
 Concentration
Limits:   As of any date of determination for purposes of determining the Borrowing Base, the following concentration limitations will apply: 

(i)       not more than 7.5% of the Net Principal Balance of the
Pledged Contracts included in the Borrowing Base constitute Contracts the Obligors of which have Obligor Ratings of D+, D or D-; 
 (ii)      not more than 15.00% of the Net Principal Balance of the Pledged Contracts included in the Borrowing Base constitute Contracts the Obligors of which have Obligor
Ratings of C-, D+, D or D-; 
 (iii)     not more than 15.0% of the Net
Principal Balance of the Pledged Contracts included in the Borrowing Base constitute Contracts that are evidenced by “electronic chattel paper” as defined in the UCC; and 

(iv)     (1) not more than 15.00% of the Net Principal Balance of the Pledged
Contracts included in the Borrowing Base relate to Obligors with addresses in any single state (other than Florida or Texas), (2) not more than 22.50% of the Net Principal Balance of the Pledged Contracts included in the Borrowing Base relate
to Obligors with addresses in Florida, and (3) not more than 30.00% of the Net Principal Balance of the Contracts included in the Borrowing Base relate to Obligors with addresses in Texas. 

Confidential Information: Includes (i) information transmitted in written, oral, magnetic or any other medium, (ii) all
copies and reproductions, in whole or in part, of such information and (iii) all summaries, analyses, compilations, studies, notes or other records which contain, reflect or are generated from such information; provided, that
Confidential Information does not include, with respect to a Person, information that (a) was already known to such Person and such knowledge was not obtained from any other entity who was known by such Person to be subject to an obligation of
confidentiality or otherwise prohibited from transmitting such information to such Person, (b) is or has become part of the public domain through no act or omission of such Person, (c) is or was lawfully disclosed to such Person without
restriction on disclosure by a third party, (d) is or was developed independently by such Person or (e) is or was lawfully and independently provided to such Person prior to disclosure hereunder, from a third party who is not known by such
Person to be subject to an obligation of confidentiality or otherwise prohibited from transmitting such information. 

Continued Errors: As defined in Section 7.10(e). 

Contract:  A retail installment or conditional sale contract, with any modifications made in accordance with the Credit
and Collection Policy, provided, however, that no such modification has reduced the Principal Balance or reduced the APR of such Contract, originated by any of DTCS or the Originator at any time pursuant to which an Obligor has (i) purchased a
new or used Motor Vehicle from a DT Entity or, with the consent of the Administrative Agent, a Dealer, (ii) granted a security interest in the Motor Vehicle to secure the Obligor’s payment obligations,

  
 8 

 
and (iii) agreed to pay the unpaid purchase price and a finance charge in periodic installments no less frequently than monthly. 

Contract File: With respect to each Contract and the related Contract, the original fully executed Contract, the original
Certificate of Title or evidence that such Certificate of Title has been applied for, and the original endorsements or assignments showing the chain of ownership of such Contract. 

Contract Receipt: The Trust Receipt, as defined in the Custodial Agreement. 

Contract Rights Payors:   All Persons, other than Obligors, at any time obligated under any Contract, whether as
co-signer, co-borrower, guarantor or otherwise. 
 Contractual Obligation:  With respect to any Person, any
provision of any securities issued by such Person or any indenture, mortgage, deed of trust, contract, undertaking, agreement, instrument or other document to which such Person is a party or by which it or any of its property is bound or is subject.

 Credit and Collection Policy:   With respect to the initial Servicer, the credit and collection
policies of the Servicer, attached hereto as Exhibit D as amended, modified, restated, replaced or otherwise supplemented from time to time within the applicable limitations of this Agreement or, with respect to any Successor Servicer, the
customary credit and collection policies of such Successor Servicer in accordance with Section 7.17(d). 

Custodial Agreement: The Custodial Agreement, dated as of December 23, 2011, among the Collateral Custodian, the Borrower,
the Originator, the Servicer and the Administrative Agent. 
 Cut-off Date:  With respect to Contracts
transferred to the Borrower on a Funding Date, such date as shall be identified as the Cut-off Date in the related Funding Request. 
 Dealer: Any Person approved by the Administrative Agent, other than a DT Entity, that is in the business of selling and financing Motor Vehicles to the public in the retail market who has entered
into a Dealer Agreement with a DT Entity. 
 Dealer Agreement:  An agreement between a DT Entity and the
Originator or, with the prior consent of the Administrative Agent, a Dealer and a DT Entity, regarding the terms and conditions of the acquisition by the Originator from such Dealer of Contracts and the related Contracts, which agreement includes
(i) certain representations, warranties and covenants of such Dealer acceptable to the Borrower with respect to the Contracts and related Contracts sold by such Dealer, (ii) the agreement of such Dealer to repurchase the Contract and any
related Contract with respect to which one or more of such representations and warranties has been breached and (iii) the agreement by such Dealer to (x) maintain all licenses required by Applicable Law at the time of the sale by such
Dealer of a Contract and (y) have had all licenses required by Applicable Law at the time of the origination by such Dealer of a Contract. 
 Defaulted Contract: Any Contract (i) with respect to which, as of the last day of any calendar month, more than 10%, of any Scheduled Payment is delinquent one hundred and twenty
(120) days or more on the last day of a calendar month, (ii) with respect to which the related Financed 

  
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Vehicle has been repossessed and the Servicer has either liquidated such Financed Vehicle or held such Financed Vehicle in its inventory for more than sixty (60) days, or (iii) which
has been or is required to be charged-off or is deemed uncollectible by the Servicer in accordance with the Credit and Collection Policy. For purposes of determining the Borrowing Base, the Principal Balance of a Defaulted Contract will be zero as
of the last day of the Collection Period during which it became a Defaulted Contract. 
 Delinquency Ratio (Managed
Contracts):   As of any Measurement Date, the percentage equivalent of a fraction, (i) the numerator of which is equal to the aggregate Principal Balance of all Delinquent Contracts that are Managed Contracts as of such
Measurement Date and (ii) the denominator of which is equal to the aggregate Principal Balance of all Contracts that are Managed Contracts as of such Measurement Date. 
 Delinquency Ratio (Pledged Contracts): As of any Measurement Date, the percentage equivalent of a fraction, (i) the numerator of which is equal to the aggregate Principal Balance of all
Delinquent Contracts which constitute Pledged Contracts as of such Measurement Date and (ii) the denominator of which is equal to the aggregate Principal Balance of all Pledged Contracts as of the end of such Measurement Date. 

Delinquent Contract:  Any Contract other than a Defaulted Contract with respect to which ten percent (10%) or more
of any Scheduled Payment thereon remains unpaid for more than sixty (60) days from the original due date for such payment. 

Depository Account:  Each depositary account, concentration account or other similar account into which Collections are
collected or deposited. 
 Derivatives:  Any (i) exchange-traded or over-the-counter forward, future,
option, swap, cap, collar, floor or foreign exchange contract or any combination of the foregoing, whether for physical delivery or cash settlement, relating to any interest rate, interest rate index, currency, currency exchange rate, currency
exchange rate index, debt instrument, debt price, debt index, depository instrument, depository price, depository index, equity instrument, equity price, equity index, commodity, commodity price or commodity index, (ii) similar transaction,
contract, instrument, undertaking or security or (iii) transaction, contract, instrument, undertaking or security containing any of the foregoing. 
 Determination Date:  With respect to any Payment Date and the related Collection Period, the last day of the related Collection Period. 

Dollars or $:  The lawful currency of the United States. 

DTAC:  DT Acceptance Corporation or its successors or assigns. 

DTAC Indenture:  That certain Indenture, dated as of June 4, 2010, by and among DTAC and DTAG, as issuers, the
guarantors party thereto, and Wells Fargo Bank, N.A., as trustee and collateral agent thereunder, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

DTAG:  DriveTime Automotive Group, Inc. or its successors or assigns. 

  
 10 

 DTCC:  As defined in the Preamble. 

DTCS:  DriveTime Car Sales Company, LLC, its successors or assigns and any wholly-owned Subsidiary formed for the
purpose of obtaining a license in any Permitted State. 
 DTSFC:  DriveTime Sales and Finance Company, LLC or
its successors or assigns. 
 DT Entities On A Consolidated Basis:   With respect to any applicable
financial statement or measurement, the treatment of such financial information or measurement for DTAC and DTAG, together with their consolidated Subsidiaries as a single unit, after elimination of all intercompany transactions, determined in
accordance with GAAP. 
 DT Entity:   Any of the Borrower, the Servicer, DTAG, DTAC and each wholly-owned
Subsidiary of any of them, including without limitation, DTCS. 
 Eligible Assignee:  (i) Wells Fargo
Bank, N.A. or any of its Affiliates, or (ii) a Person either (x) whose short-term rating is at least “A-1” from Standard & Poor’s and “P-1” from Moody’s, or whose obligations under this Agreement are
guaranteed by a Person whose short-term rating is at least “A-1” from Standard & Poor’s and “P-1” from Moody’s or (y) who is satisfactory to the Administrative Agent, subject, in the case of any Person
chosen pursuant to clause (ii), to the prior written consent of the Borrower (which consent shall not be unreasonably withheld or delayed). 
 Eligible Contract:  On any date of determination, any Contract which satisfies each of the eligibility requirements set forth on Schedule A hereto. 

ERISA:   The Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated
thereunder. 
 ERISA Affiliate:   Any (i) corporation that is a member of the same controlled group
of corporations (within the meaning of Section 414(b) of the Code) as the Borrower, (ii) trade or business (whether or not incorporated) that is under common control (within the meaning of Section 414(c) of the Code) with the Borrower
or (iii) member of the same affiliated service group (within the meaning of Section 414(m) of the Code) as the Borrower, any corporation described in clause (i) above or any trade or business described in clause (ii) above.

 Errors: As defined in Section 7.10(e). 

Eurodollar Disruption Event:  With respect to any Loan as to which Interest accrues or is to accrue at a rate based upon
the Adjusted Eurodollar Rate, any of the following: (i) a determination by the Lender that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain
United States Dollars in the London interbank market to make, fund or maintain such Loan; (ii) the inability of the Lender to obtain timely information for purposes of determining the Adjusted Eurodollar Rate; (iii) a determination by the
Lender that the rate at which deposits of Dollars are being offered to the Lender in the London interbank market does not accurately reflect the cost to such Lender of making, funding or maintaining any Loan; or (iv) the inability of the Lender
to 

  
 11 

 
obtain United States Dollars in the London interbank market to make, fund or maintain any Loan. 
 Eurodollar Reserve Percentage:  On any day, the applicable reserve percentage (expressed as a decimal) prescribed by the Federal Reserve Board for determining reserve requirements for
“Eurocurrency Liabilities” pursuant to Regulation D or any other applicable regulation of the Federal Reserve Board that prescribes reserve requirements applicable to “Eurocurrency Liabilities” as presently defined in Regulation
D. 
 Eurodollars:  Deposits in Dollars held in financial institutions outside of the United States.

 Event of Bankruptcy:  With respect to a specified Person, (i) such Person shall fail generally to pay
its debts as they come due, or shall make a general assignment for the benefit of creditors; or any case or other proceeding shall be instituted by such Person seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation,
reorganization, debt arrangement, dissolution, winding up, or composition or readjustment of debts of it or its debts under the Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding up or composition or
adjustment of debts, or seeking the entry of an order for relief or the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator or the like for such Person or all or substantially all of its assets; or such Person shall
take any corporate or limited liability company action to authorize any of such actions; or (ii) a case or other proceeding shall be commenced, without the application or consent of such Person in any court seeking the liquidation,
reorganization, debt arrangement, dissolution, winding up, or composition or readjustment of debts of such Person, the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator or the like for such Person or all or
substantially all of its assets, or any similar action with respect to such Person under any Insolvency Law, and (A) such case or proceeding shall continue undismissed, or unstayed and in effect, for a period of sixty (60) consecutive days
or (B) an order for relief in respect of such Person shall be entered in such case or proceeding or a decree or order granting such other requested relief shall be entered. 

Exception: Any exception to a Contract File. 
 Excess Concentration Amount:   With respect to all Pledged Contracts on any date of determination, the aggregate of the amounts by which the Principal Balance of such Contracts on
such date exceeds any applicable Concentration Limits, to be calculated without duplication, on such date. 
 Excess
Spread:  As of any Determination Date, the annualized percentage equivalent of (a) the weighted average APR of the Pledged Contracts as of such Determination Date, minus (b) the sum of (1) the Hedge Rate for such
Collection Period, plus (2) the greater of (x) the Servicing Fee Rate for such Collection Period and (y) the servicing fee rate payable to any successor servicer, plus (3) the Used Fee Rate for such Collection
Period, plus (4) the Backup Servicing Fee Rate for such Collection Period. 
 Exchange Act:  The
Securities Exchange Act of 1934. 
 Excluded Taxes:  (a) taxes imposed on or measured by net income
(however denominated), franchise or gross revenue taxes imposed in lieu of net income taxes or branch profits taxes 

  
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imposed, by the United States (or any political subdivision thereof), or any other jurisdiction (or any political subdivision thereof), as a result of the recipient being organized in, doing
business in (other than any business arising from such recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other
transaction pursuant to or enforced any Loan, or sold or assigned an interest in any Loan or Transaction Document), or having its principal office or applicable lending office located in such jurisdiction or in which the recipient is paying such
taxes as of the date such recipient becomes a party to the Agreement; (b) any United States withholding tax imposed by reason of an Lender or its assignee’s failure to provide to the Borrower the documents set forth in Section 2.13(e)
or to maintain or update such documents; (c) any United States federal withholding taxes that would be imposed on amounts payable to a recipient that is not a United States person within the meaning of Code Section 7701(a)(30) based upon
the applicable withholding rate in effect at the time such recipient becomes a party to the Agreement (or designates a new lending office); and (d) any taxes imposed pursuant to or as a result of FATCA. 

Extension Rate (Managed Contracts):  As of the Measurement Date, the percentage of Managed Contracts for which an
extension has been granted by the Servicer in accordance with the Credit and Collection Policy as of such Measurement Date (computed as the number of whole months extended or fractions thereof and based on the number of Contracts for which such
extensions were granted during such Accounting Period and the number of Managed Contracts at the beginning of such Accounting Period). 
 Extension Rate (Pledged Contracts):  As of the Measurement Date, the percentage of Pledged Contracts for which an extension of time to make any Scheduled Payment thereunder has been
granted by the Servicer in accordance with the Credit and Collection Policy as of such Measurement Date (computed as the number of whole months extended or fractions thereof and based on the number of Contracts for which such extensions were granted
during such Accounting Period and the number of Managed Contracts at the beginning of such Accounting Period). 
 Facility
Termination Date:  The date following the Termination Date on which the Aggregate Unpaids have been indefeasibly paid in full. 
 FATCA:  Sections 1471 through 1474 of the Code as in effect on the date hereof and any applicable Treasury regulation promulgated thereunder or published administrative guidance
implementing such Sections whether in existence on the date hereof or promulgated or published hereafter. 
 Federal Funds
Rate:  For any period, a fluctuating interest rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal for each day during such period to the weighted average of the federal funds rates as quoted by Wells Fargo
and confirmed in Federal Reserve Board Statistical Release H.15(519) or any successor or substitute publication selected by Wells Fargo (or, if such day is not a Business Day, for the preceding Business Day), or, if for any reason such rate is not
available on any day, the rate determined, in the sole opinion of the Lender, to be the rate at which federal funds are being offered for sale in the national federal funds market at 9:00 a.m. (Charlotte, North Carolina time) on such day.

  
 13 

 Federal Reserve Board:  The Board of Governors of the Federal Reserve
System. 
 Fee Letter:  That letter, dated as of the Closing Date, among the Borrower, the Servicer and the
Administrative Agent, setting forth, among other things, the Unused Fee, the Used Fee and the Structuring Fee. 
 Financed
Vehicle:  With respect to a Contract, any new or used automobile, light-duty truck, minivan or sport utility vehicle, together with all accessions thereto, securing the related Obligor’s Indebtedness thereunder. 

Foreclosure Event:  As defined in Section 10.2(a). 

Formation Documents:  The certificate of formation of the Borrower filed in Delaware, dated as of November 23, 2011
and the limited liability company agreement of the Borrower, dated as of December 19, 2011, made by the Originator as member and by the Independent Directors party thereto. 

Funding Date:  Each Business Day on which a Loan is made. 

Funding Request:  A written notice from the Borrower requesting a Loan and including the items required by
Section 2.1(a)(i), substantially in the form of Exhibit A hereto. 
 GAAP:  Generally
accepted accounting principles as in effect from time to time in the United States. 
 Governmental
Authority:  With respect to any Person, any nation or government, any State or other political subdivision thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to
government and any court or arbitrator having jurisdiction over such Person. 
 Hedge Breakage
Costs:   With respect to any Hedge Transaction and the related Hedging Agreement, any amount payable by the Borrower to the related Hedge Counterparty for the early termination of such Hedge Transaction or any portion thereof.

 Hedge Collateral:  All of the rights of the Borrower, whether now existing or hereafter acquired, in and to
all Hedging Agreements, Hedge Transactions and all present and future amounts payable by all Hedge Counterparties to the Borrower under or in connection with such Hedging Agreements and Hedge Transactions with such Hedge Counterparties. 

Hedge Counterparty:  Any entity which (i) on the date of entering into any Hedge Transaction is (a) either the
Lender or an Affiliate of the Lender, or (b) an entity (x) that has been approved in writing by the Administrative Agent (which approval shall not be unreasonably withheld), and (y) whose debt ratings meet each of the Long-Term Rating
Requirement and the Short-Term Rating Requirement, and (ii) in a Hedging Agreement consents to the collateral assignment of the Borrower’s rights under the Hedging Agreement to the Administrative Agent pursuant to
Section 6.3(b). 
 Hedge Rate:  The “strike rate,” “fixed rate” or “cap
rate” under the Hedging Agreement. 

  
 14 

 Hedge Transaction:  Each interest rate hedging transaction between the
Borrower and a Hedge Counterparty entered into pursuant to Section 6.3(a) that is governed by a Hedging Agreement. 

Hedging Agreement:  Each agreement between the Borrower and a Hedge Counterparty which governs one or more Hedge
Transactions entered into pursuant to Section 6.3(a), which agreement shall consist of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule”
thereto in form and substance satisfactory to the Administrative Agent, and each “Confirmation” thereunder confirming the specific terms of each such Hedge Transaction and, if applicable, a “Credit Support Annex” thereto with a
Hedge Counterparty specified as pledgor and Borrower specified as secured party. 
 Indebtedness:  With respect
to any Person and any day, without duplication, (i) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services (other than current liabilities incurred in the ordinary course of business and
payable in accordance with customary trade practices) or which is evidenced by a note, bond, debenture or similar instrument, (ii) all obligations of such Person under capital leases, (iii) all obligations of such Person in respect of
acceptances issued or created for the account of such Person, (iv) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise become liable for the payment thereof and
(v) all indebtedness, obligations or liabilities of that Person in respect of Derivatives. 
 Indemnified
Amounts:  As defined in Section 11.1. 
 Indemnified Party:  As defined in
Section 11.1. 
 Independent Director:  As defined in Section 6.2(n)(xxvii).

 Indirect Contract:   Any Contract that has been originated by a Dealer and acquired by the Originator
or another DT Entity pursuant to a Dealer Agreement. 
 Indirect Contract Approval Date:   The date,
following a request by the Borrower to the Administrative Agent and receipt by the Administrative Agent of any information requested by the Administrative Agent in respect thereof, on which the Administrative Agent, on behalf of the Lender, provides
its written consent to the inclusion of Indirect Contracts in the Collateral. 
 Ineligible Contract:  A
Contract that was originally identified as an Eligible Contract at the time of its transfer to the Borrower but which was not an Eligible Contract at such time. 
 Initial Cut-off Date:  December 20, 2011. 
 Initial
Loan:  The first Loan made on or after the Closing Date. 
 Initial Contract:  Each Contract that
becomes part of the Collateral on the initial Funding Date in connection with the Initial Loan. 
 Insolvency
Laws:  The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, rearrangement, receivership, insolvency, reorganization, 

  
 15 

 
suspension of payments, marshaling of assets and liabilities or similar debtor relief laws from time to time in effect affecting the rights of creditors generally. 

Insolvency Proceeding:  With respect to any Person, any bankruptcy, insolvency, arrangement, rearrangement,
conservatorship, moratorium, suspension of payments, readjustment of debt, reorganization, receivership, liquidation, marshaling of assets and liabilities or similar proceeding of or relating to such Person under any Insolvency Laws. 

Instrument:  Any “instrument” (as defined in Article 9 of the UCC), other than an instrument that constitutes
part of chattel paper. 
 Insurance Policy:   With respect to any Contract, (i) an insurance policy
covering physical damage to or loss of the related Financed Vehicle or (ii) any lender’s single interest, credit life, disability, hospitalization and similar insurance policies with respect to the related Obligor. 

Insurance Proceeds:  any amounts payable or any payments made under any Insurance Policy. 

Intangible Assets:    On any date of determination, the amount (to the extent reflected in determining
consolidated equity) of (i) all investments in Subsidiaries of DTAC and DTAG other than their consolidated Subsidiaries and (ii) all goodwill, patents, trademarks, service marks, trade names, copyrights, organization or developmental
expenses and other intangible items. 
 Interest:  For any Interest Period and each Loan outstanding during
such Interest Period, interest on the outstanding Principal Amount of such Loan computed pursuant to Section 2.6; provided, however, that (i) no provision of this Agreement shall require or permit the collection of
Interest in excess of the Maximum Lawful Rate and (ii) no portion of any payment of Interest shall be considered to have been paid by any distribution if at any time such portion of such distribution is rescinded or must otherwise be returned
for any reason. 
 Interest Collections:  Any and all amounts received in respect of any interest, or other
similar charges on a Pledged Contract (including late fees, extension fees, pre-payment fees and other administrative fees and expenses), from or on behalf of Obligors that are deposited into the Collection Account in the form of cash, checks, wire
transfers, electronic transfers or any other form of cash payment and all payments to the Borrower from any Hedging Agreement. 

Interest Period:   A Collection Period; provided, however, that any Interest Period that commences
before the Facility Termination Date that would otherwise end after the Facility Termination Date shall end on the Facility Termination Date. 
 Inventory Facility:  The Fourth Amended and Restated Loan and Security Agreement, dated as of October 28, 2011, by and among DTAG, DTSFC, DTCS, Wells Fargo Bank, N.A., Santander
Consumer USA, Inc. and Manheim Automotive Financial Services, Inc, as amended, restated, supplemented or otherwise modified from time to time. 
 Investment:  With respect to any Person, any direct or indirect loan, advance or investment by such Person in any other Person, whether by means of share purchase, capital contribution,
loan 

  
 16 

 
or otherwise, and excluding commission, travel and similar advances to officers, employees and directors made in the ordinary course of business. 

Investment Company Act:  The Investment Company Act of 1940. 

Lender:  As defined in the Preamble. 
 Lender Register:  As defined in Section 13.1(d). 

Leverage Ratio:  On the last day of each of each March, June, September and December, the ratio computed by dividing
(a) the total assets of the DT Entities On A Consolidated Basis as of such date, determined in accordance with GAAP by (b) Net Worth on such date. 
 Liability:  Any duty, responsibility, obligation or liability. 

LIBOR Business Day:  Any day of the year other than a Saturday, Sunday or any day on which banking institutions in
London, England generally are required or authorized to be closed. 
 LIBOR Rate:  For any day or Interest
Period, an interest rate per annum equal to: 

    (i)       the posted rate for thirty (30)-day
deposits in Dollars appearing on Reuters Screen LIBOR01 as of 11:00 a.m. (London, England time) on the second LIBOR Business Day prior to such Interest Period; or 

    (ii)      if no such rate appears on Reuters Screen
LIBOR01 at such time and day, then the LIBOR Rate shall be determined by the Lender at its principal office in Charlotte, North Carolina as its rate (each such determination, absent manifest error, to be conclusive and binding on all parties hereto)
at which thirty (30)-day deposits in Dollars are being, have been or would be offered or quoted by the Lender to major banks in the applicable interbank market for Eurodollar deposits at or about 11:00 a.m. (Charlotte, North Carolina time) on such
day. 
 Lien:  Any mortgage, lien, pledge, charge, claim, security interest or encumbrance of any kind.

 Liquidation Proceeds:  For any Collection Period and any Defaulted Contract, the amount (which shall not be
less than zero) received by the Servicer and deposited into the Collection Account after a Pledged Contract becomes a Defaulted Contract, in connection with the attempted realization of the full amounts due or to become due under such Contract,
whether from the sale or other disposition of the related Financed Vehicle, the proceeds of repossession or any collection effort, the proceeds of recourse or similar payments payable under the related Pledged Contract, receipt of Insurance Proceeds
or otherwise, net of any reasonable out-of-pocket expenses (exclusive of overhead) incurred by the Servicer with respect to the collection and enforcement of such Contract, to the extent not previously reimbursed to the Servicer. 

Loan:  As defined in Section 2.1(a). 

Lockbox:  A post office box described in a Lockbox Agreement, to which the Obligors with respect to one or more Pledged
Contracts send payment thereon, to be processed by the Lockbox 

  
 17 

 
Processor and deposited into the Collection Account within two (2) Business Days of receipt in the Lockbox. 
 Lockbox Agreement:  Any remittance processing services agreement to be established on or prior to the Closing Date among the Servicer and the Lockbox Processor. 

Lockbox Processor:  The remittance processing agent which provides a Lockbox pursuant to a Lockbox Agreement.

 Long-Term Rating Requirement:  A long-term unsecured debt rating of not less than A by Standard &
Poor’s and not less than A2 by Moody’s. 
 Managed Contracts:  All Contracts serviced by Servicer,
which Contracts were originated or purchased by any of the DT Entities, including without limitation the Contracts that are Collateral hereunder, and those Contracts which have been subsequently sold to a third party, with the servicing retained by
Servicer and with a residual interest in such Contracts held by any of the DT Entities. 
 Master Agency
Agreement:  That certain Amended and Restated Master Depository Accounts and Post Office Boxes and Agency Agreement, dated as of December 16, 2005 among DTCC, DTCS, The Royal Bank of Scotland (successor-in-interest to Greenwich
Capital Financial Products, Inc.), Wells Fargo Bank, N.A. and Wilmington Trust Company, in its capacity as owner trustee of certain “Current Trusts” identified therein, as amended, modified or supplemented from time to time with the prior
written consent of the Administrative Agent, together with any acknowledgement and agreement. 
 Material Adverse
Effect:  With respect to any Person and to any event or circumstance, a material adverse effect on (a) the property, business, operations, financial condition or prospects of such Person and their Affiliates, taken as a whole,
(b) the ability of such Person to perform in all material respects its obligations under any of the Transaction Documents to which it is a party, (c) the legality, validity or enforceability in any material respect of any of the
Transaction Documents, (d) the rights and remedies of the Lender under any of the Transaction Documents, (e) the timely payment of the principal of or interest on the loans or other amounts payable in connection therewith, (f) any
Secured Party’s interest in the Collateral (including, without limitation, the priority of such interest) or (g) the collectability of the Pledged Contracts generally or of any material portion of the Pledged Contracts. 

Maximum Lawful Rate:  The highest rate of interest permissible under Applicable Law. 

Maximum Utilization Percentage:   On any day, the percentage equivalent of a fraction the numerator of which is
equal to aggregate outstanding principal amount under all Warehouse Facilities on such date of determination and the denominator of which is equal to the aggregate of the facility limits under all Warehouse Facilities on such date of determination.

 Measurement Date:  With respect to any Accounting Period, the nearest Sunday to the last day of such
Accounting Period. 

  
 18 

 Monthly Backup Servicer Certificate:  A monthly report of the Backup
Servicer, in substantially the form of Exhibit J. 
 Monthly Report:  A monthly statement of the
Servicer with respect to the immediately preceding Collection Period, in substantially the form of Exhibit I. 

Moody’s:  Moody’s Investors Service, Inc. 

Motor Vehicle:  A passenger motor vehicle, van, or light duty truck which is not manufactured for a particular
commercial purpose and which can be registered for use on public highways, and is not a vehicle that is titled outside the United States or has been previously titled outside the United States. 

Multiemployer Plan:  A “multiemployer plan” as defined in Section 4001(a)(3) of ERISA which is or was at
any time during the current year or the immediately preceding five years contributed to by the Borrower or any ERISA Affiliate on behalf of its employees. 
 Net Equity:  On any day, the positive excess, if any, of (i) the book value of the assets of the DT Entities On A Consolidated Basis over (ii) the book value of the liabilities
of the DT Entities On A Consolidated Basis, in each case determined in accordance with GAAP. 
 Net
Income:  For any period for the DT Entities On A Consolidated Basis, the net income (or loss) of the DT Entities On A Consolidated Basis for such period taken as a single accounting period determined in conformity with GAAP;
provided that there shall be excluded (a) the income (or loss) of any Person (other than the DT Entities On A Consolidated Basis) in which any other Person (other than the DT Entities On A Consolidated Basis) has a joint interest, except
to the extent of the amount of dividends or other distributions actually paid to the DT Entities On A Consolidated Basis by such Person during such period, (b) the income (or loss) of any Person accrued prior to the date it becomes a
consolidated Subsidiary or is merged into or consolidated with any DT Entity or that Person’s assets are acquired by any DT Entity or a consolidated Subsidiary, (c) the income of any Subsidiary to the extent that the declaration or payment
of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of their charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to such Subsidiary, (d) any after-tax gains or losses attributable to asset sales or returned surplus assets of any pension plan, and (e) (to the extent not included in clauses (a) through (d) above) any net
extraordinary gains or net non-cash extraordinary losses. 
 Net Losses Ratio (Managed Contracts):  With
respect to any Accounting Period, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balance of the Managed Contracts which became Defaulted Contracts during such Accounting Period, minus the aggregate
amount received by the Servicer during such Accounting Period in respect of any such Managed Contract which is a Defaulted Contract as of the end of such Accounting Period, and the denominator of which is the aggregate Principal Balance of all
Managed Contracts as of the end of such Accounting Period. 
 Net Losses Ratio (Pledged Contracts):  With
respect to any Accounting Period, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balance of such 

  
 19 

 
Pledged Contracts which became Defaulted Contracts during such Accounting Period, minus the aggregate Liquidation Proceeds received by the Servicer during such Accounting Period, and the
denominator of which is the aggregate Principal Balance of all Pledged Contracts as of the end of such Accounting Period. 

Net Principal Balance:   On any day with respect to the Pledged Contracts that are Eligible Contracts on such day,
(i) the aggregate Principal Balance of such Contracts, minus (ii) the Excess Concentration Amount as of such day. 

Net Worth:  On any day with respect to the DT Entities On A Consolidated Basis, (i) Net Equity at such time, plus
(ii) the lesser of (x) the aggregate amount of Approved Indebtedness at such time and (y) $100,000,000, plus (iii) without duplication, the preference value of preferred shares of the DT Entities On A Consolidated Basis
minus (iv) the sum of (x) the aggregate value of all Intangible Assets of the DT Entities On A Consolidated Basis at such time determined in accordance with GAAP and (y) the aggregate amount of all advances to employees of the DT
Entities at such time. 
 Note:  As defined in Section 2.4(a). 

Note Balance:  On any day, the aggregate Principal Amount of Loans made on or prior to such day in respect of the
Pledged Contracts that are, on such day, Eligible Contracts, reduced from time to time by payments and distributions in respect of principal with respect to such Loans in accordance with the terms hereof; provided that such aggregate
Principal Amount shall be restored and reinstated in the amount of any such payment or distribution in respect of principal that is rescinded or otherwise returned for any reason. 

Obligations:  All loans, advances, debts, liabilities and obligations for monetary amounts owing by the Borrower to the
Secured Parties, the Administrative Agent, the Agents or any of their respective assigns, as the case may be, whether due or to become due, matured or unmatured, liquidated or unliquidated, contingent or non-contingent and all covenants and duties
regarding such amounts, of any kind or nature, present or future, arising under or in respect of any of the Loans or any Hedging Agreement, whether or not evidenced by any separate note, agreement or other instrument, including all principal,
interest (including interest that accrues after the commencement against the Borrower of any action under the Bankruptcy Code), Breakage Costs, Hedge Breakage Costs, fees, including any and all arrangement fees, loan fees, Used Fees and Unused Fees,
and any and all other fees, expenses, costs or other sums (including attorney fees and disbursements) chargeable to the Borrower under the Transaction Documents. 
 Obligor:  Each Person obligated to make payments on or pursuant to a Contract, including any guarantor thereof. 
 Obligor Rating:    For any Obligor, the rating assigned at the time the related Contract is originated to such Obligor in conformity with the Credit and Collection Policy, by
the Originator, which ratings may be A, B], C+, C, C-, D+, D or D-. 
 OFAC:  The U.S. Department of the
Treasury’s Office of Foreign Assets Control. 

  
 20 

 Officer’s Certificate:  With respect to any Person, a certificate
signed by any officer of such Person, and delivered to the Administrative Agent. 
 Opinion of Counsel:  With
respect to any Person, a written opinion of counsel, who is reasonably acceptable to the Administrative Agent. 
 Origination
Agreement:    That certain Origination Agreement, dated as of March 19, 2003, between DTCS and DTAC, as amended, restated, supplemented or otherwise modified. 

Originator:  DT Acceptance Corporation. 
 Overcollateralization Increase Event:  The occurrence, as of any time specified below, of any of the following events: 

(i)       the average of the Delinquency Ratio (Managed Contracts) for
any Measurement Date and the two immediately preceding Measurement Dates exceeds 11.00%; 

(ii)      the average of the Delinquency Ratio (Pledged Contracts) for any
Measurement Date and the two immediately preceding Measurement Dates exceeds 11.00%; 

(iii)     the average of the Net Losses Ratios (Managed Contracts) as of the
last day of any Accounting Period and the last day of each of the two immediately preceding Accounting Periods exceeds 3.15%; 
 (iv)     the average of the Net Losses Ratios (Pledged Contracts) as of the last day of any Accounting Period the last day of each of the two immediately preceding Accounting
Periods exceeds 3.15%; 
 (v)      the Extension Rate (Managed
Contracts) for any Measurement Date and the two immediately preceding Measurement Dates exceeds 5.0%; 
 (vi)     the Extension Rate (Pledged Contracts) for any Measurement Date and the two immediately preceding Measurement Dates exceeds 5.0%; or 

(vii)    the Excess Spread for any Determination Date is less than 7.0%. 

Overcollateralization Increase Period:    Any period commencing on the day on which an Overcollateralization
Increase Event occurs and continuing for two (2) consecutive months after the Overcollateralization Increase Event has been cured, provided that no other Overcollateralization Increase Event shall have occurred during such period. 

Patriot Act:  The USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 

Payment Date:  The 15th day of each calendar month or, if any such day is not a Business Day, the next succeeding Business Day. 

  
 21 

 Pension Plans:    “Employee pension benefit plans”, as
such term is defined in Section 3 of ERISA, maintained by the Borrower, or in which employees of the Borrower are entitled to participate, as from time to time in effect. 
 Performance Guaranty:    That certain performance guaranty by DTAC and DTAG of certain guaranteed obligations described therein and made in favor of the Administrative Agent, as
such guarantee may be amended, restated, supplemented or otherwise modified from time to time with the prior written consent of the Administrative Agent. 
 Permitted Investments:  Negotiable instruments or securities or other investments that (x) as of any date of determination, mature by their terms on or prior to the Business Day
preceding the Commitment Termination Date, and (y) evidence: 

(i)       marketable obligations of the United States, the full and
timely payment of which are backed by the full faith and credit of the United States and which have a maturity of not more than 270 days from the date of acquisition; 

(ii)      bankers’ acceptances and certificates of deposit and other
interest-bearing obligations (in each case having a maturity of not more than 270 days from the date of acquisition) denominated in Dollars and issued by any bank with capital, surplus and undivided profits aggregating at least $100,000,000, the
short-term obligations of which meet or exceed the Short Term Rating Requirement; 

(iii)     repurchase obligations with a term of not more than ten days for
underlying securities of the types described in clauses (i) and (ii) above entered into with any bank of the type described in clause (ii) above; 

(iv)     commercial paper rated at least A-1 by Standard & Poor’s
and Prime-1 by Moody’s; 
 (v)      money market funds
registered under the Investment Company Act having a rating, at the time of such investment, of not less than Aaa by Moody’s and AAA by Standard & Poor’s; 

(vi)     demand deposits, time deposits or certificates of deposit (having
original maturities of no more than 365 days) of depository institutions or trust companies incorporated under the laws of the United States or any State (or domestic branches of any foreign bank) and subject to supervision and examination by
federal or State banking or depository institution authorities; provided, however, that at the time such investment, or the commitment to make such investment, is entered into, the short-term debt rating of such depository institution
or trust company shall meet or exceed the Short Term Rating Requirement; and 

(vii)    any other investments approved in writing by the Administrative Agent,
provided, that so long as Wells Fargo is Collateral Custodian hereunder, each of the Permitted Investments may be purchased by the Collateral Custodian or through an Affiliate of the Collateral Custodian. 

  
 22 

 Permitted Liens:  Liens in favor of the Administrative Agent, as agent for
the Secured Parties, created pursuant to this Agreement or any other Transaction Document. 
 Permitted
State:  Each of Arizona, Nevada, California, New Mexico, Texas, Florida, Georgia, Virginia, North Carolina, Colorado, Oklahoma, South Carolina, Tennessee, Alabama, Mississippi, Ohio, Kentucky, Arkansas, Missouri and Indiana and such
other states as may be approved by the Administrative Agent in writing from time to time (such approval not to be unreasonably withheld). 
 Permitted Take-Out:    Any transaction undertaken by the Borrower in accordance with Section 2.15 with any other Person that provides for, directly or indirectly,
the sale, assignment or other transfer by the Borrower of a portion of the Collateral to any other Person, including, without limitation, a distribution in respect of the membership interests of the Borrower of Pledged Contracts pursuant to the
procedures required by its certificate of formation and limited liability company agreement provided that the (i) the aggregate principal balances of all Pledged Contracts to be distributed shall not exceed the Borrowing Base Surplus,
(ii) such distribution shall be made in furtherance of the Borrower’s purpose as a limited liability company, and (iii) Borrower shall not have conducted another such Permitted Take-Out during the same calendar month. 

Permitted Take-Out Date:    With respect to any Permitted Take-Out, the date upon which Collateral is released
from the Lien created under this Agreement in connection therewith. 
 Permitted Take-Out Date
Certificate:    A Certificate delivered by an Authorized Officer of the Servicer on the Permitted Take-Out Date (x) indicating that the requirements set forth in Section 2.15 of this Agreement for a Permitted
Take-Out have been satisfied and (y) illustrating that, after giving effect to the proposed Permitted Take-Out, the Note Balance will not exceed the Borrowing Base. 
 Permitted Take-Out Release:    A release executed pursuant to Section 2.15, substantially in the form of Exhibit G hereto. 

Person:  An individual, partnership, corporation (including a business or statutory trust), limited liability company,
joint stock company, trust, unincorporated association, sole proprietorship, joint venture, government (or any agency or political subdivision thereof) or other entity. 
 Pledged Contract:  At any date, each Contract in which the Borrower at any time and from time to time has an interest, whether or not such Contract is an Eligible Contract, excluding any
Contract released from the Lien of this Agreement pursuant hereto and any Terminated Contract. 
 Prime
Rate:  For any date of determination, the rate most recently announced by Wells Fargo at its branch in San Francisco, California, from time to time as its prime commercial rate for United States dollar-denominated loans made in the
United States. The Prime Rate is not intended to be the lowest rate of interest charged by Wells Fargo or any other specified financial institution in connection with extensions of credit to debtors. 

Principal Amount:  With respect to any Loan, the aggregate amount advanced by the Lender on the Funding Date in respect
of such Loan. 

  
 23 

 Principal Balance:  For any Contract as of any day, the outstanding
principal balance of such Contract as of such day. 
 Purchase Agreement: The Purchase Agreement, dated as of the Closing
Date, between DTAC and the Borrower, as such agreement may be amended from time to time pursuant to the terms thereof, and each Transfer Agreement. 
 Qualified Institution:  Wells Fargo or any depository institution or trust company organized under the laws of the United States or any State (or any domestic branch of a foreign bank),
(i) acceptable to the Administrative Agent and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation. 
 Rating Agency:  Each of Standard & Poor’s and Moody’s or their respective successors. 
 Records:  With respect to any Contract, all documents, books, records and other information (including computer programs, tapes, disks, punch cards, data processing software and related
property and rights) maintained with respect to any related item of Collateral and the related Obligor. 
 Registrar of
Titles:  With respect to any State, the governmental agency or body responsible for the registration of, and the issuance of certificates of title relating to, motor vehicles and liens thereon. 

Release Price:  An amount equal to the Principal Balance of each Contract retransferred pursuant to
Section 5.5, plus accrued and unpaid interest on such Contract (at the related APR), all Breakage Costs and all Hedge Breakage Costs due to the relevant Hedge Counterparties for any termination in whole or in part of one or more Hedge
Transactions, as required by the terms of any Hedging Agreement as a result of such retransfer. 
 Re-Liening Expenses:
Any costs associated with the revision of the Certificates of Title pursuant to Section 2.14. 
 Re-Liening
Trigger Event:  The occurrence of (i) an Insolvency Event with respect to the Originator or the Borrower, (ii) the issuance by any court of competent jurisdiction of any order to the effect that the Administrative Agent is
not the secured party with respect to Financed Vehicles financed under any of the Pledged Contracts with an initial Principal Balance (as of the date upon which such Contracts were acquired by the Originator), equal to five percent (5.0%) or
more of the Net Principal Balance of the Contracts as of the prior Determination Date or in the case of the first Collection Period, the Closing Date, (iii) the occurrence and continuance of a Termination Event, (iv) the occurrence and
continuance of a Servicer Termination Event or (v) a Foreclosure Event. 
 Reporting Date:  The date which
is four (4) Business Days prior to any Payment Date. 
 Required Net Worth:  On any day (i) from the
Closing Date to and including December 31, 2011, $325 million and (ii) during any calendar year occurring after December 31, 2011, the sum of (A) $325 million and (B) an amount equal to 50% of the Net Income each calendar
year beginning after December 31, 2009. 

  
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 Requirements of Law:  For any Person the certificate of incorporation or
articles of association and by-laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation, or order or determination of an arbitrator or Governmental Authority, in each case applicable to or binding
upon such Person or to which such Person is subject, whether federal, State or local (including usury laws, the Federal Truth-in-Lending Act, and Regulations B, U, T, X and Z of the Federal Reserve Board). 

Reserve Account:    A segregated account established by the Servicer with the Collateral Custodian, for the
benefit of the Lender. 
 Reserve Account Amount: On any day, the amount on deposit in the Reserve Account. 

Reserve Account Excess Amounts: As of any day, amounts released from the Reserve Account pursuant to
Section 2.10(f)(ii). 
 Reserve Account Required Amount:    On any date of determination,
the lesser of (i) the Note Balance as of such date and (ii) the greater of (x) $500,000 and (y) the product of (1) 2.0%, and (2) an amount equal to the aggregate Principal Balance of all Pledged Contracts on such date
of determination. 
 Reserve Account Withdrawal Amount: For any Payment Date on which an Available Funds Shortfall
exists, an amount equal to the lesser of (i) the Reserve Account Amount and (ii) the Available Funds Shortfall. 

Residual Interest Conveyance Agreement: Any residual interest conveyance agreement by and among the Borrower, DTAC and DT
Warehouse II, LLC, accepted by Santander Consumer USA Inc., as residual interest lender and consented to by the Administrative Agent, as may be amended, restated, supplemented or otherwise modified from time to time with the prior written consent of
the Administrative Agent. 
 Residual Interest Conveyance Agreement (Approved Form):    That certain
residual interest conveyance agreement by and among the Borrower, DTAC and DT Warehouse II, LLC, accepted by Santander Consumer USA Inc., as residual interest lender and consented to by the Administrative Agent, in the form attached hereto as
Exhibit K. 
 Responsible Officer:    When used with respect to any Person, any officer of the
such Person, including any president, vice president, assistant vice president, secretary, assistant secretary or any other officer thereof customarily performing functions similar to those performed by the individuals who at the time shall be such
officers, respectively, or to whom any matter is referred because of such officer’s knowledge of or familiarity with the particular subject and having direct responsibility for the administration of this Agreement. 

Revolving Period:    The period commencing on the Closing Date and ending on the day immediately preceding the
Amortization Date. 
 Sanctioned Country:  A country subject to a sanctions program identified on the list
maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/programs, or as otherwise published from time to time. 

  
 25 

 Sanctioned Person:  (i) a Person named on the list of “Specially
Designated Nationals” or “Blocked Persons” maintained by OFAC available at http://www.treas.gov/offices/enforcement/ofac/sdn, or as otherwise published from time to time, or (ii) (a) an agency of the government of a
Sanctioned Country, (b) an organization controlled by a Sanctioned Country or (c) a Person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. 

Schedule of Documents:  The schedule of documents attached hereto as Schedule D. 

Schedule of Contracts:  The schedule of Pledged Contracts attached hereto as Schedule B, as updated from time to
time in connection with each Loan. 
 Scheduled Payments:  Regularly scheduled payments to be made by an
Obligor pursuant to the terms of the related Contract. 
 Secured Party: (i) the Lender and (ii) each Hedge
Counterparty. 
 Securities Account Control Agreement: The Securities Account Control Agreement, dated as of
December 23, 2011, by and among the Borrower, as debtor, the Administrative Agent, as secured party, and Wells Fargo Bank, N.A., as the account bank and securities intermediary. 

Securities Act: The Securities Act of 1933. 
 Servicer: As defined in the Preamble. 
 Servicer File: With respect
to any Contract, each of the following documents: 

  (i)       application of the Obligor for credit;

   (ii)      all original instruments modifying the
terms and conditions of the Contract or the related Contract; 

  (iii)     a copy (but not the original) of the retail installment
contract and security agreement and any amendments thereto; provided, however, that the Servicer shall deliver any original amendments to the retail installment contract and security agreement to the Collateral Custodian immediately
following execution thereof; 
   (iv)     a copy of the
Certificate of Title with a lien notation or an application therefor (to the extent applicable State law permits or requires the Servicer to hold the Certificate of Title); 

  (v)      a certificate of insurance or application therefor
with respect to the Financed Vehicle securing such Contract; 

  (vi)     the invoice (or evidence of book value for used Financed
Vehicles) for each Financed Vehicle related thereto; 

  
 26 

 (vii)     the Obligor’s order
for each Financed Vehicle related thereto and an indication of down payment, if applicable; 

(viii)    a copy of the service contract, if any, on each Financed Vehicle related
thereto; 
 (ix)      a copy of the credit life insurance policy,
if any, and the credit disability insurance policy, if any, on the Obligor relating to each Financed Vehicle related thereto; and 
 (x)       such other documents as the Servicer may reasonably determine in order to accomplish its duties under this Agreement. 

Servicer Termination Event: On any day (i) prior to the Assumption Date, as defined in Section 7.14 and
(ii) on and after the Assumption Date, as defined in Section 7.17(h). 
 Servicer Termination Notice: As
defined in Section 7.14. 
 Servicing Fee: The fee payable to the Servicer in accordance with
Section 2.11(b). 
 Servicing Fee Rate: 4.0% per annum. 

Short-Term Rating Requirement: A short-term unsecured debt rating of not less than “A-1” by Standard &
Poor’s and not less than “P-1” by Moody’s. 
 Simple Interest Contract:    Any
Contract under which the portion of a payment allocable to interest and the portion allocable to principal are determined in accordance with the Simple Interest Method. 
 Simple Interest Method:    The method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest
is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time (expressed as a fraction of a year, based on the actual number of days in the calendar month and the actual number of
days in the calendar year) elapsed since the date through which interest was last paid and the remainder of such payment is allocable to principal. 
 Solvency Certificate:    The certificate delivered by the Borrower substantially in the form attached hereto as Exhibit H. 

Solvent: As to any Person at any time, having a state of affairs such that (i) the fair value of the property owned by such
Person is greater than the amount of such Person’s liabilities (including disputed, contingent and unliquidated liabilities) as such value is established and liabilities evaluated for purposes of Section 101(32) of the Bankruptcy Code;
(ii) the present fair salable value of the property owned by such Person in an orderly liquidation of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become
absolute and matured; (iii) such Person is able to realize upon its property and pay its debts and other liabilities (including disputed, contingent and unliquidated liabilities) as they mature in the normal course of business; (iv) such
Person does not intend to, and does not 

  
 27 

 
believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature; and (v) such Person is not engaged in business or a
transaction, and is not about to engage in a business or a transaction, for which such Person’s property would constitute unreasonably small capital. 
 Standard & Poor’s: Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business. 

State: Any state of the United States or the District of Columbia. 

Structuring Fee: As defined in the Fee Letter. 
 Subsequent Loan: Each Loan made following the Initial Loan. 
 Subsequent
Contract: Each Contract that becomes a part of the Collateral hereunder, other than an Initial Contract. 

Subservicer:    A subservicer appointed by the Servicer and acceptable to the Administrative Agent and the
Lender for the servicing and administration of the Pledged Contracts. 
 Subsidiary: With respect to a Person, any entity
with respect to which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such
corporation, partnership or other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by
reason of the happening of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person. 

Substitute Contract: An Eligible Contract not previously a part of the Collateral substituted for an Ineligible Contract pursuant
to Section 5.5 with a Principal Balance and APR at least equal to that of the Ineligible Contract being so substituted. 
 Successor Servicer: As defined in Section 7.15(b). 

Tangible Net Worth:    With respect to any Person, the net worth of such Person calculated in accordance with
GAAP after subtracting therefrom the aggregate amount of such Person’s deferred tax assets and intangible assets, including goodwill, franchises, licenses, patents, trademarks, tradenames, copyrights and service marks. 

Target Amount: As defined in Section 6.2(e). 
 Tax or Taxes: Any present or future taxes, levies, imposts, duties, charges, assessments or fees of any nature (including interest, penalties and additions thereto) that are imposed by any
Government Authority. 
 Terminated Contract:    Each Contract owned by the Borrower on such date
that has been terminated in accordance with the terms thereof. 

  
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 Termination Date:    The earliest to occur of (i) the date
that is one (1) year following the Amortization Date, (ii) the Business Day designated by the Borrower to the Lender and the Administrative Agent as the “Termination Date” which date shall be at least five (5) Business Days
following the receipt of such written notice by the Lender and the Administrative Agent, provided, however, that on such date the Borrower pays in full all Aggregate Unpaids in immediately available funds, (iii) the occurrence of a Termination
Event and (iv) the occurrence of a Foreclosure Event. 
 Termination Event: As defined in
Section 10.1(a). 
 Test Data File: A test data file, which shall include the loan master file, the
transaction history file and all other files necessary to carry out the servicing obligations hereunder. 
 Transaction
Documents:    This Agreement, the Note, the Purchase Agreement, any Transfer Agreement, the Fee Letter, the Collateral Custodian Fee Letter, all Hedging Agreements, the Performance Guaranty, the Master Agency Agreement, the
Custodial Agreement, the Residual Interest Conveyance Agreement, the Securities Account Control Agreement and any other document, certificate, opinion, agreement or writing the execution of which is necessary or incidental to carrying out the
transactions contemplated by this Agreement or any of the other foregoing documents. 
 Transfer Agreement:  A
Transfer Agreement in substantially the form attached to the Purchase Agreement as Exhibit A, executed by the Borrower and the Originator in connection with a transfer of Contracts and the related Collateral on any Funding Date. 

Transition Expenses: As defined in Section 7.15(e). 

UCC:    The Uniform Commercial Code as from time to time in effect in the applicable jurisdiction. 

United States: The United States of America. 
 Unmatured Termination Event: Any event that, with the giving of notice or the lapse of time, or both, would become a Termination Event. 

Unused Fee: As defined in the Fee Letter. 
 Unused Fee Rate: As defined in the Fee Letter 
 Used Fee: As defined
in the Fee Letter. 
 Used Fee Rate: As defined in the Fee Letter. 

WFS: Wells Fargo Securities, LLC, and its successors and assigns. 

Warehouse Facility:    On any day, any revolving lending facility to which any DT Entity is a borrower which
finances motor vehicle loans originated by any DT Entity, including any repurchase facility. 

  
 29 

 Wells Fargo:  Wells Fargo Bank, N.A., and its successors and assigns.

 Section 1.2.    Accounting Terms and Determinations. 

Unless otherwise defined or specified herein, all accounting terms shall be construed herein, all accounting
determinations hereunder shall be made, all financial statements required to be delivered hereunder shall be prepared and all financial records shall be maintained in accordance with GAAP. 

Section 1.3.    Computation of Time Periods. 

Unless otherwise stated in this Agreement, in the computation of a period of time from a specified date to a later
specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 
 Section 1.4.    Interpretation. 
 When used in this Agreement, unless a contrary intention appears: (i) a term has the meaning assigned to it; (ii) an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP; (iii) “or” is not exclusive; (iv) “including” means including without limitation; (v) words in the singular include the plural and words in the plural include the singular; (vi) any
agreement, instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in
the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; (vii) references to a Person are also to its successors and permitted assigns; (viii) the words “hereof”,
“herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision hereof; (ix) references contained herein to Section, Schedule and
Exhibit, as applicable, are references to Sections, Schedules and Exhibits in this Agreement unless otherwise specified; (x) references to “writing” include printing, typing, lithography and other means of reproducing words in a
visible form; and (xi) the term “proceeds” has the meaning set forth in the applicable UCC. 
 Article II

 Loans 
 Section 2.1.    Loans. 

(a)      On the terms and conditions set forth herein, including this Section and Article
Four, the Borrower may from time to time on any Business Day during the Revolving Period, request that an advance under this Agreement (each, a “Loan”) be made to it on a Funding Date. No later than 12:00 noon (Charlotte, North
Carolina time) on the proposed Funding Date, if the amount of the Loan is less than or equal to $10,000,000, or, for all other Loans, on the Business Day prior to the date of the proposed Loan, the Borrower shall notify the Administrative Agent of
such proposed Funding Date and Loan by delivering to the Administrative Agent: 

  
 30 

 (i)       a Funding
Request, which will include, among other things, the proposed Funding Date, calculations of the Borrowing Base (calculated as of the Determination Date occurring in the calendar month immediately preceding the calendar month during which such
Funding Request is submitted, or with respect to Contracts added to the Collateral following such Determination Date, but prior to or on such date of determination, the related Cut-off Date) and the Principal Amount of the Loan requested, which
shall be in an amount at least equal to $1,000,000 (except the Initial Loan, which shall be in a minimum amount of $5,000,000) or integral multiples of $10,000 in excess thereof; and 

(ii)      an updated Schedule of Contracts that includes each Contract that
is the subject of the proposed Loan and such other information as the Administrative Agent may reasonably request with respect to the related Loan; 
 If any such Funding Request is delivered to the Administrative Agent after 12:00 noon (Charlotte, North Carolina time) on the proposed Funding Date, if the amount of the Loan is less than or equal to
$10,000,000, or, for all other Loans, on the Business Day prior to the date of the proposed Loan, such Funding Request shall be deemed to be received prior to 12:00 noon (Charlotte, North Carolina time) on the next succeeding Business Day and the
proposed Funding Date of such proposed Loan shall be deemed to be the Business Day following such deemed receipt. Each Funding Request shall include a representation by the Borrower that the requested Loan will not, on the Funding Date, exceed the
Available Amount and a representation that all conditions precedent to the making of such Loan have been satisfied. Any Funding Request shall be irrevocable and the Borrower may not request that more than one Loan be funded on any Business Day.

 (b)      Following receipt by the Administrative Agent of a Funding Request the
Lender agrees that it shall advance any Loan requested by the Borrower, subject to the conditions contained herein, in an aggregate amount equal to the Loan so requested. 

(c)      The Lender’s advance of a Loan shall be made available to the Administrative
Agent, subject to the fulfillment of the applicable conditions set forth in Article Four, at or prior to 1:00 p.m. (Charlotte, North Carolina time) on the applicable Funding Date, by deposit of immediately available funds to an account of the
Administrative Agent. The Administrative Agent shall promptly notify the Borrower in the event that the Lender either fails to make such funds available to the Administrative Agent before such time or notifies the Administrative Agent that it will
not make such funds available to the Administrative Agent before such time. 
 Subject to (i) the
Administrative Agent’s receipt of such funds and (ii) the fulfillment of the applicable conditions set forth in Article Four, as certified by Borrower to the Administrative Agent in the applicable Funding Request, the Administrative Agent
will not later than 3:00 p.m. (Charlotte, North Carolina time) on such Funding Date make such funds available, in the same type of funds received, by wire transfer thereof to the Borrower’s Account. 

If the Lender makes available to the Administrative Agent funds for any Loan as provided in the foregoing provisions of
this Article, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Loan set forth in 

  
 31 

 
Article Four are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from the Lender) to the Lender, without
interest. 
 (d)      In no event shall: 

(i)       the Lender be obligated to fund any Loan if either
(A) the Principal Amount of such Loan would cause the Note Balance, determined after giving effect to such funding, to exceed the Commitment or (B) the Principal Amount of such Loan would exceed the Available Amount on such day;

 (ii)      the Lender be obligated to fund any Loan unless each
of the conditions set forth in Section 4.2 have been satisfied with respect to such Loan and, if such Loan is the Initial Loan, the conditions set forth in Section 4.1 have been satisfied; or 

(iii)     more than one Loan be funded on any Business Day. 

Section 2.2.  Reductions of the Commitment. 

(a)      At any time the Borrower may, upon at least ten (10) Business Days’
prior written notice to the Administrative Agent and each Hedge Counterparty, reduce the Commitment. Each partial reduction shall be in a minimum aggregate amount of $5,000,000 or integral multiples of $1,000,000 in excess thereof. Reductions of the
Commitment pursuant to this Section 2.2(a) shall reduce the Commitment of the Lender. The Administrative Agent shall promptly deliver a copy of any such notice to the Lender. Any request for a reduction in the Commitment shall be
irrevocable. 
 (b)      In connection with any reduction of the Commitment, the
Borrower shall remit to the Administrative Agent (i) instructions regarding such reduction (with a copy to the Collateral Custodian) and (ii) for payment to the Lender, cash in an amount sufficient to pay all Aggregate Unpaids with respect
to such reduction (determined based on the ratio of the reduction of the Commitment being effected to the amount of the Commitment prior to such reduction or, if the Administrative Agent reasonably determines that any portion of the Aggregate
Unpaids are allocable solely to that portion of the Commitment that is being reduced or have arisen solely as a result of such reduction, all of such portion) including, without duplication, any associated Breakage Costs and Hedge Breakage Costs;
provided, however, that no such reduction shall be given effect unless the Borrower has complied with the terms of any Hedging Agreement requiring that any Hedge Transaction related thereto be terminated in whole or in part as a result
of any such reduction in the Note Balance and Borrower has paid all Hedge Breakage Costs due to the relevant Hedge Counterparty for any such termination. Upon receipt of any such amounts, the Administrative Agent shall apply such amounts first to
the reduction of the Note Balance, second to the payment of the remaining Aggregate Unpaids with respect thereto, including any Breakage Costs, by paying such amounts to the Lender, and third to pay any Hedge Breakage Costs related to such reduction
of the Note Balance due to the relevant Hedge Counterparty. 
 (c)      The
Commitment shall be reduced to zero, without action by the Administrative Agent or the Lender and without notice to the Borrower, immediately upon the earliest to occur of (i) the Commitment Termination Date, (ii) a Termination Event and
(iii) a Foreclosure Event. 

  
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 Section 2.3.    Extensions of Commitments.

 So long as no Termination Event or Foreclosure Event has occurred, the Borrower may request in writing,
no more than ninety (90) days nor fewer than sixty (60) days prior to the applicable Commitment Termination Date, through the Administrative Agent, that the Lender extend the Commitment Termination Date for an additional period to a date
specified in such request, which request will be granted or denied by the Lender in its sole discretion. Upon receipt of any such request, the Administrative Agent shall promptly notify the Lender. Not later than 60 days following receipt by the
Administrative Agent of any such request, the Lender shall notify the Administrative Agent of its willingness or refusal to so extend the Commitment Termination Date, and the Administrative Agent shall notify the Borrower of such willingness or
refusal by the Lender. If the Lender shall have agreed to extend the Commitment Termination Date and no Termination Event or Foreclosure Event shall have occurred and be continuing prior to the then applicable Commitment Termination Date, the
Commitment Termination Date then in effect shall be extended to the date agreed to by the Lender. 

Section 2.4.    The Note. 

(a)      The Loans made by the Lender hereunder shall be evidenced by a duly executed
promissory note payable to the order of the Persons specified by the Lender, in a principal amount equal to the Commitment, in substantially the form of Exhibit B hereto (the “Note”). The Note shall be dated the Closing Date
and shall otherwise be duly completed. The maturity date of the Note shall be the Termination Date or such other date as to which the Administrative Agent, with the consent of the Lender, shall notify the Borrower in writing. 

(b)      The Administrative Agent is hereby authorized to enter notations (which may be
computer generated) on a schedule attached to the Note with respect to each Loan made by the Lender hereunder, regarding (i) the date and principal amount thereof and (ii) each payment and repayment of principal thereof and any such
recordation shall constitute prima facie evidence of the accuracy of the information so recorded. The failure of the Administrative Agent to make any such notation on the schedule attached to the Note shall not limit or otherwise affect the
obligation of the Borrower to repay the Loans in accordance with their respective terms as set forth herein. 

(c)      Promptly following the Facility Termination Date, the Administrative Agent shall
mark the Note “Paid” and return it to the Borrower. 
 Section 2.5.    Optional
Principal Repayment; Right of First Refusal. 
 (a)      Optional
Principal Repayment prior to the occurrence of a Termination Event or a Foreclosure Event. The Borrower may, prior to the occurrence of a Foreclosure Event, and upon the delivery of a Principal Repayment Notice substantially in the form attached
hereto as Exhibit L, prepay all or any portion of the Note Balance on any Business Day, on one (1) Business Day’s prior notice to the Administrative Agent, the Lender, the Collateral Custodian and each Hedge Counterparty;
provided, that (i) the Borrower pays to the Administrative Agent, for the account of the Secured Parties, on the date of any such prepayment, (a) all accrued and unpaid Interest and (b) all other Aggregate Unpaids
(including all Breakage Costs, all Hedge 

  
 33 

 
Breakage Costs and any other amounts payable by the Borrower under or with respect to any Hedging Agreement) payable to any Indemnified Party under this Agreement through the date of such
prepayment, including any fees or other amounts payable pursuant to Section 11.1; and (ii) no such prepayment shall be permitted unless the Borrower has complied with the terms of any Hedging Agreement requiring one or more Hedge
Transactions be terminated in whole or in part as a result of any such prepayment of the Note Balance and Borrower has paid all Hedge Breakage Costs due to the relevant Hedge Counterparty for any such termination. Any notice of a prepayment shall be
irrevocable. The Administrative Agent shall provide prompt notice to the Lender following receipt of any notice of intent to prepay. Except as otherwise permitted herein, in connection with any such prepayment, no portion of the Pledged Contracts
shall be released from the security interest granted by the Borrower therein in favor of the Administrative Agent. 
 (b)      Right of First Refusal. Upon the delivery by the Borrower of notice to the Administrative Agent of the occurrence of a Foreclosure Event (or, if earlier, the
date such notice should have been delivered in accordance with the provisions of Section 6.1(i)), the Borrower shall have an option for a period of forty five (45) days thereafter to elect to pay the Aggregate Unpaids, by wire
transfer in immediately available funds during which 45-day period the Lender shall not sell the Pledged Contracts or the related Collateral. The Borrower may exercise such purchase option and pay the Aggregate Unpaids by wire transfer in
immediately available funds by notifying the Administrative Agent, the Lender, the Collateral Custodian and each Hedge Counterparty in writing before expiration of the such forty five (45) day period as to its intent to prepay all of the Note
Balance; provided, that (i) the Borrower pays to the Administrative Agent, for the account of the Secured Parties, on a day prior to expiration of such 45-day period, (a) all accrued and unpaid Interest and (b) all other
Aggregate Unpaids (including all Breakage Costs, all Hedge Breakage Costs and any other amounts payable by the Borrower under or with respect to any Hedging Agreement) payable to any Indemnified Party under this Agreement through the date of such
prepayment, including any fees or other amounts payable pursuant to Section 11.1 by wire transfer in immediately available funds; and (ii) no such prepayment shall be permitted unless the Borrower has complied with the terms of any
Hedging Agreement requiring one or more Hedge Transactions be terminated in whole as a result of any such prepayment of the Note Balance and Borrower has paid all Hedge Breakage Costs due to the relevant Hedge Counterparty for any such termination.
Any notice of a prepayment shall be irrevocable. Time is of the essence in connection with the exercise of this right and this right shall, without notice or other action by any party expire at 5:00 p.m. (New York City time) on the 45th day following the occurrence of such Termination Event or
Foreclosure Event, as applicable. The Administrative Agent shall provide prompt notice to the Lender following receipt of any notice of intent to prepay. 
 Section 2.6.    Payments. 

(a)      The Borrower shall pay Interest on the unpaid Principal Amount of each Loan for
the period from the related Funding Date until the date that such Loan shall be paid in full. Interest shall accrue during each Interest Period and be payable on the Note Balance on each Payment Date in accordance with Section 2.7,
unless earlier paid pursuant to Section 2.5. 
 (b)      Prior to the
declaration of the occurrence of the Termination Date, the Note Balance shall bear interest at a rate per annum equal to the Alternative Rate. Upon the 

  
 34 

 
occurrence of a Termination Event or a Foreclosure Event, the Note Balance shall bear interest at a rate per annum equal to the Base Rate. 

(c)      Interest calculated by reference to the LIBOR Rate shall be calculated on the
basis of a 360-day year for the actual days elapsed. Interest calculated by reference to the Prime Rate and the Federal Funds Rate shall be calculated on the basis of a 365- or 366-day year, as applicable, for the actual days elapsed. Periodic fees
or other periodic amounts payable hereunder shall be calculated on the basis of a 360-day year and for the actual days elapsed. 
 (d)      The principal of and Interest on the Note shall be paid as provided herein and in the Note. The Administrative Agent shall allocate to the Lender each payment in
respect of the Note received by the Administrative Agent as provided herein. 

(e)      At or before 4:00 p.m. (Charlotte, North Carolina time) on the day that is one
(1) Business Day prior to each Reporting Date, the Administrative Agent shall notify the Borrower and the Servicer of (i) the Alternative Rate for the related Interest Period, and (ii) if applicable, the Base Rate for the related
Interest Period. Each determination of the Alternative Rate and the Base Rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower in the absence of manifest error. 

(f)      Notwithstanding any other provision of this Agreement or the other Transaction
Documents, if at any time the rate of interest payable by any Person under the Transaction Documents exceeds the Maximum Lawful Rate, then, so long as the Maximum Lawful Rate would be exceeded, such rate of interest shall be equal to the Maximum
Lawful Rate. If at any time thereafter the rate of interest so payable is less than the Maximum Lawful Rate, such Person shall continue to pay Interest at the Maximum Lawful Rate until such time as the total interest received from such Person is
equal to the total Interest that would have been received had applicable law not limited the interest rate so payable. In no event shall the total Interest received by the Lender under this Agreement and the other Transaction Documents exceed the
amount which the Lender could lawfully have received, had the Interest due been calculated from the Closing Date at the Maximum Lawful Rate. 
 Section 2.7.    Settlement Procedures. 
 Pursuant to each Monthly Report, the Servicer shall instruct the Collateral Custodian or such other Eligible Institution then holding the Collection Account to pay to the following Persons, on the related
Payment Date, from (i) the Collection Account, to the extent of Available Funds and (ii) the Reserve Account to the extent there is an Available Funds Shortfall, with respect to amounts payable under clauses (i) through (vi) and,
solely to the extent that the Note Balance exceeds the Net Principal Balance on such Payment Date, clause (vii), the following amounts in the following order of priority: 

(i)        First, pro rata, to each Hedge
Counterparty, any amounts owed to such Hedge Counterparty (excluding Hedge Breakage Costs) pursuant to the terms of the related Hedging Agreement; 

(ii)       Second, to the Collateral Custodian, in an
amount equal to any accrued and unpaid Collateral Custodian Fees and out-of-pocket expenses owed to the Collateral 

  
 35 

 
Custodian (such expenses not to exceed $50,000 per annum prior to a Termination Event or a Foreclosure Event); 

(iii)     Third, pro rata, (1) to the Servicer, in an amount
equal to the sum of (1) accrued and unpaid Servicing Fee and (2) to the Successor Servicer or Backup Servicer, as applicable, any unpaid Transition Expenses; 

(iv)     Fourth, to the Backup Servicer, in an amount equal to
(1) any accrued and unpaid Backup Servicing Fee and (2) any amounts payable pursuant to Section 7.10(b), to the extent such amounts have not been paid by the Servicer; 

(v)     Fifth, to the Administrative Agent for payment to the
Lender in an amount equal to any accrued and unpaid (1) Interest (plus Used Fee and the Unused Fee) with respect to the Note Balance, (2) Breakage Costs allocable to Loans and (3) all other Aggregate Unpaids (other than the Note
Balance) then due under this Agreement to the Administrative Agent, the Lender, the Affected Parties or the Indemnified Parties, for the payment thereof; 

(vi)     Sixth, to the Administrative Agent for payment to the
Lender all accrued and unpaid fees; 
 (vii)    Seventh, pro
rata, (i) to the Administrative Agent for payment to the Lender, in an amount equal to the excess (if any) of the Note Balance as of the related Determination Date over the Borrowing Base as of such Determination Date and (ii) to each
Hedge Counterparty, in an amount equal to any Hedge Breakage Costs owed to such Hedge Counterparty pursuant to the terms of the related Hedging Agreement; 

(viii)   Eighth, pro rata, to the Administrative Agent and to the Lender,
all other amounts owed to the Administrative Agent, the Lender and the other Indemnified Parties; 
 (ix)     Ninth, if (1) the Termination Date has occurred, the remaining funds to reduce the Note Balance to zero or (2) prior to the occurrence of the
Termination Date, to the Reserve Account, the amount necessary to cause the amount on deposit therein to equal the Reserve Account Required Amount; 

(x)      Tenth, pro rata, (1) to the extent not paid
pursuant to clause (ii) above (whether as a result of the limitations on amounts set forth therein or otherwise) to the Collateral Custodian any fees, expenses or indemnities owed to the Collateral Custodian and (2) to the extent not paid
pursuant to clause (iv) above (whether as a result of the limitations on amounts set forth therein or otherwise) to the Backup Servicer any fees, expenses or indemnities owed to the Backup Servicer; and 

(xi)     Eleventh, so long as no Termination Event or Foreclosure
Event shall have occurred and be continuing, any remaining amount shall be distributed to the Borrower. 

  
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 Section 2.8.    Repayment Obligation. 

The Borrower promises to pay to the Administrative Agent for the account of the Lender, (i) upon the written request
of the Administrative Agent, all Breakage Costs, the amount of which shall determined by the Lender, set forth in a written notice to the Borrower and shall be conclusive absent manifest error and (ii) all other amounts required to be paid by
the Borrower in accordance herewith in accordance with the terms of this Agreement. 

Section 2.9.    Payments, Computations, Etc. 

(a)      Unless otherwise expressly provided herein, all amounts to be paid or deposited by
the Borrower or the Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 12:00 noon (Charlotte, North Carolina time) on the day when due in Dollars in immediately available funds to the Administrative
Agent’s Account. Except as otherwise provided in Section 2.6, the Borrower shall, to the extent permitted by law, pay to the Lender interest on all amounts not paid or deposited when due hereunder at a rate per annum equal to the
sum of (1) the Base Rate and (2) 4.50%, payable on demand; provided, however, that such interest rate shall not at any time exceed the Maximum Lawful Rate. 

(b)      Whenever any payment hereunder (i) shall be stated to be due on a day other
than a Business Day, such payment shall be made, without penalty, on the next succeeding Business Day, except in the case where the next succeeding Business Day would occur in the succeeding calendar month, in which case such payment shall be due on
the preceding Business Day or (ii) is received after 12:00 noon (Charlotte, North Carolina time) such payment shall be deemed to have been received on the next succeeding Business Day, and any such extension of time shall in such case be
included in the computation of payment of Interest, other interest or any fee payable hereunder, as the case may be. 
 (c)      If any Loan requested by the Borrower and approved by the Lender and the Administrative Agent pursuant to Section 2.1 is not made or effectuated, as the
case may be, due to the Borrower’s failure to satisfy, or continue to satisfy, the conditions to fund such Loan on the date, the Borrower shall indemnify such Lender against any reasonable loss, cost or expense incurred by such Lender,
including any loss (including loss of anticipated profits, net of anticipated profits in the reemployment of such funds in the manner determined by such Lender), cost or expense incurred by reason of the liquidation or reemployment of deposits or
other funds acquired by such Lender to fund or maintain such Loan. 
 (d)      All
payments hereunder shall be made without set-off or counterclaim and in such amounts as may be necessary in order that all such payments shall not be less than the amounts otherwise specified to be paid under this Agreement. 

(e)      To the extent that (i) any Person makes a payment to the Borrower, the
Servicer, the Backup Servicer, the Collateral Custodian or the Lender or the Administrative Agent or (ii) the Borrower, the Servicer, the Backup Servicer, the Collateral Custodian or the Lender or the Administrative Agent receives or is deemed
to have received any payment or proceeds for application to an obligation, which payment or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a

  
 37 

 
trustee, receiver or any other party under any Insolvency Law, State or United States federal law, common law or for equitable cause, then, to the extent such payment or proceeds are set aside,
the obligation or part thereof intended to be satisfied shall be revived and continue in full force and effect, as if such payment or proceeds had not been received or deemed received by the Borrower, the Servicer, the Backup Servicer, the
Collateral Custodian or the Lender or the Administrative Agent, as the case may be. 

Section 2.10.  Collections and Allocations; Investment of Funds. 

(a)      On or prior to the Closing Date or the applicable Funding Date (with respect to
any Subsequent Contracts), the Borrower or the Servicer shall have instructed all Obligors to make all payments in respect of the related Contracts to the Lockbox or Depository Account. 

(b)      Each of the Servicer and the Borrower shall promptly (but in no event later than
two (2) Business Days after the receipt thereof) deposit all Collections received by it in the Collection Account. The Servicer shall make such deposits or payments by electronic funds transfer, in immediately available funds. 

(c)      On the Closing Date and on each Funding Date thereafter, the Servicer will deposit
(in immediately available funds) into the Collection Account all Collections received after the applicable Cut-off Date and through and including the Closing Date or Funding Date, as the case may be, in respect of Contracts pledged on such date.

 (d)      On each Payment Date during the Revolving Period, the Servicer shall
direct the Collateral Custodian pursuant to the Monthly Report to withdraw from the Reserve Account the Reserve Account Withdrawal Amount, if any, to be applied in accordance with Section 2.7. On and after the Termination Date, all
amounts on deposit in the Reserve Account shall be applied by the Collateral Custodian as directed in writing by the Lender. 
 (e)      To the extent there are uninvested amounts on deposit in the Collection Account and/or the Reserve Account, such amounts shall be invested in Permitted Investments
that mature no later than the Business Day before the next Payment Date, which Permitted Investments shall be selected (i) prior to the occurrence of any Termination Event, Servicer Termination Event or Foreclosure Event, by the Borrower or
(ii) from and after the occurrence of any Termination Event, Servicer Termination Event or Foreclosure Event, by the Administrative Agent. Any earnings (and losses) on the foregoing investments shall be for the account of the Borrower.

 (f)      All earnings on amounts in the Reserve Account shall (i) to the
extent necessary, remain on deposit in the Reserve Account until the amount on deposit therein is equal to or greater than the Reserve Account Required Amount and (ii) be deposited into the Collection Account if the amount on deposit in the
Reserve Account is greater than the Reserve Account Required Amount after giving effect to all withdrawals and deposits to the Reserve Account on any Payment Date. 

  
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 Section 2.11.  Fees. 

(a)      The Administrative Agent shall be entitled to receive, for the account of the
Lender, monthly in arrears, the Used Fees and the Unused Fee from the Collection Account in accordance with Section 2.7. 
 (b)      The Servicer shall be entitled to receive the Servicing Fee, monthly in arrears in accordance with Section 2.7, which fee shall be equal to
(i) prior to the Termination Date, the product of (x) the Servicing Fee Rate, (y) the Net Principal Balance as of the first Business Day of the preceding Collection Period, and (z) a fraction the numerator of which is 30 and the
denominator of which is 360, and (ii) on and after the Termination Date, the greater of (A) the product of (x) the Servicing Fee Rate, (y) the Net Principal Balance as of the first Business Day of the preceding Collection Period,
and (z) a fraction the numerator of which is 30 and the denominator of which is 360, and (B) $35.00 per Pledged Contract that is not a Defaulted Contract. 

(c)      The Backup Servicer shall be entitled to receive the Backup Servicing Fee and its
out-of-pocket expenses owed to it, monthly in arrears in accordance with Section 2.7, which fee shall be equal to the product of (i) the Backup Servicing Fee Rate, (ii) the Net Principal Balance as of the first Business Day of
the preceding Collection Period, and (iii) a fraction the numerator of which is 30 and the denominator of which is 360. 
 (d)      The Collateral Custodian shall be entitled to receive the Collateral Custodian Fee and its out-of-pocket expenses owed to it in accordance with
Section 2.7. 
 (e)      The Borrower shall pay to the Administrative
Agent, on the Closing Date, the Structuring Fee and other amounts due and payable on the Closing Date pursuant to the Fee Letter in immediately available funds. 
 Section 2.12.  Increased Costs; Capital Adequacy; Illegality. 
 (a)      If either (i) the introduction of or any change (including any change by way of imposition or increase of reserve requirements) in or in the interpretation of
any Applicable Law or (ii) the compliance by an Affected Party with any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law), shall (a) subject an Affected Party to any Tax
(except for Excluded Taxes and any Taxes as to which an Additional Amount is payable pursuant to Section 2.13) with respect to a Loan hereunder, or any right or obligation to make Loans hereunder, or on any payment made hereunder,
(b) impose, modify or deem applicable any reserve requirement (including any reserve requirement imposed by the Board of Governors of the Federal Reserve System, but excluding any reserve requirement, if any, included in the determination of
Interest), special deposit or similar requirement against assets of, deposits with or for the amount of, or credit extended by, any Affected Party or (c) impose any other condition affecting a Loan or any Affected Party’s rights hereunder
or under any other Transaction Document, the result of which is to increase the cost to any Affected Party or to reduce the amount of any sum received or Pledged Contract by an Affected Party under this Agreement, under any other Transaction
Document, then on the Payment Date in the calendar month following the calendar month during which such Affected Party demands payment (which 

  
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demand shall be accompanied by a statement setting forth the basis for such demand and a reasonably estimated calculation of such demand), the Borrower shall pay directly to such Affected Party
such additional amount or amounts as will compensate such Affected Party for such additional or increased cost incurred or such reduction suffered. 
 (b)      If either (i) the introduction of or any change in or in the interpretation of any law, guideline, rule, regulation, directive or request or
(ii) compliance by any Affected Party with any law, guideline, rule, regulation, directive or request from any central bank or other governmental authority or agency (whether or not having the force of law), including compliance by an Affected
Party with any request or directive regarding capital adequacy, but, in each case, excluding Taxes, has or would have the effect of reducing the rate of return on the capital of any Affected Party as a consequence of its obligations hereunder or
arising in connection herewith to a level below that which any such Affected Party could have achieved but for such introduction, change or compliance (taking into consideration the policies of such Affected Party with respect to capital adequacy)
by an amount deemed by such Affected Party to be material, then from time to time, on the Payment Date in the calendar month following the calendar month during which such Affected Party demands payment (which demand shall be accompanied by a
statement setting forth the basis for such demand and a reasonably estimated calculation of such demand), the Borrower shall pay directly to such Affected Party such additional amount or amounts as will compensate such Affected Party for such
reduction. For the avoidance of doubt, if the issuance of any amendment or supplement to Interpretation No. 46 or to Statement of Financial Accounting Standards No. 140 by the Financial Accounting Standards Board or any other change in
accounting standards or the issuance of any other pronouncement, release or interpretation, causes or requires the consolidation of all or a portion of the assets and liabilities of the Originator or the Borrower with the assets and liabilities of
the Administrative Agent or the Lender or shall otherwise impose any loss, cost, expense, reduction of return on capital or other loss, such event shall constitute a circumstance on which such Affected Party may base a claim for reimbursement under
this Section 2.12. 
 (c)      In determining any amount provided for
in this Section, the Affected Party may use any reasonable averaging and attribution methods. Any Affected Party making a claim under this Section shall submit to the Borrower a certificate describing such additional or increased cost or reduction
in reasonable detail, which certificate shall be conclusive absent manifest error. 

(d)      If the Lender shall notify the Administrative Agent that a Eurodollar Disruption
Event as described in clause (i) of the definition of “Eurodollar Disruption Event” has occurred, the Administrative Agent shall in turn so notify the Borrower, whereupon all Loans in respect of which Interest accrues at a rate based
upon the LIBOR Rate shall immediately be converted into Loans in respect of which Interest accrues at the Base Rate. 

Section 2.13.  Taxes. 

(a)      All payments made by the Borrower in respect of any Loan and all other payments
made by the Borrower or the Servicer under this Agreement will be made free and clear of and without deduction or withholding for or on account of any Taxes, unless such withholding or deduction is required by law. In such event, the Borrower shall
pay to the 

  
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appropriate taxing authority any such Taxes required to be deducted or withheld and if such Taxes are not Excluded Taxes the amount payable to the Lender or the Administrative Agent (as the case
may be) will be increased (such increase, the “Additional Amount”) such that every net payment made under this Agreement after deduction or withholding for or on account of any Taxes other than Excluded Taxes (including any
Taxes on such increase) is not less than the amount that would have been paid had no such deduction or withholding been deducted or withheld. If the Lender or the Administrative Agent pays any Taxes other than Excluded Taxes in respect of which the
Borrower is obligated to pay Additional Amounts under this Section, on the Payment Date in the calendar month following the calendar month during which the Lender or Administrative Agent demands payment, the Borrower shall reimburse the Lender or
Administrative Agent in full. 
 (b)      The Borrower will indemnify the Lender
and the Administrative Agent for the full amount of Taxes (other than Excluded Taxes) in respect of which the Borrower is required to pay Additional Amounts (including any Taxes imposed by any jurisdiction on such Additional Amounts) paid by the
Lender or the Administrative Agent (as the case may be) and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto; provided, however, that the Lender or Administrative Agent making a
demand for indemnity payment hereunder shall provide the Borrower with a certificate from the relevant taxing authority or from a Responsible Officer of the Lender or the Administrative Agent stating or otherwise evidencing that the Lender or the
Administrative Agent has made payment of such Indemnified Taxes and will provide a copy of or extract from documentation, if available, furnished by such taxing authority evidencing assertion or payment of such Indemnified Taxes. This
indemnification shall be made on the Payment Date in the calendar month following the calendar month during which the Lender or Administrative Agent (as the case may be) makes written demand therefor. 

(c)      Within thirty (30) days after the date of any payment by the Borrower of any
Taxes pursuant to this Section, the Borrower will furnish to the Administrative Agent, at its address set forth under its name on the signature pages hereof, appropriate evidence of payment thereof. 

(d)      Within thirty (30) days of the written request of the Borrower therefor, the
Administrative Agent and the Lender, as appropriate, shall execute and deliver to the Borrower such certificates, forms or other documents which can be furnished consistent with the facts and which are reasonably necessary to assist the Borrower in
applying for refunds of Taxes remitted hereunder; provided, however, that (i) the Administrative Agent and the Lender shall not be required to deliver such certificates, forms or other documents if in their respective sole
discretion it is determined that the deliverance of such certificate, form or other document would have a material adverse affect on the Administrative Agent or the Lender and (ii) the Borrower shall reimburse the Administrative Agent or the
Lender for any reasonable expenses incurred in the delivery of such certificate, form or other document. 

(e)      (i) Any Lender or assignee that is entitled to an exemption from or reduction of
Taxes with respect to payments made under any Transaction Document shall deliver to the Borrower, the Administrative Agent and the Collateral Custodian, at the time or times reasonably requested by the Borrower, the Administrative Agent or the
Collateral Custodian, such properly completed and executed documentation reasonably requested by the Borrower, the 

  
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Administrative Agent or the Collateral Custodian as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender or assignee, if
reasonably requested by the Borrower, the Administrative Agent or the Collateral Custodian, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower, the Administrative Agent or the Collateral
Custodian as will enable the Borrower, the Administrative Agent or the Collateral Custodian to determine whether or not such Lender or assignee is subject to backup withholding or information reporting requirements. 

(ii) Without limiting the generality of the foregoing: 

(A) any Lender or assignee that is a United States person (as defined in Section 7701(a)(30) of the Code) shall
deliver to the Borrower on or before the date on which it becomes a party to this Agreement (and from time to time thereafter when required by law or upon the reasonable request of the Borrower or the Administrative Agent) two (2) properly
completed and duly signed original copies of Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding; 

(B) any Lender or assignee that is not a United States person (as defined in Section 7701(a)(30) of the Code)
shall, to the extent it is legally entitled to do so, deliver to the Borrower on or before the date on which it becomes a party to this Agreement (and from time to time thereafter when required by law or upon the reasonable request of the Borrower
or the Administrative Agent) whichever of the following is applicable: 

(I)      two (2) duly completed copies of Internal Revenue Service Form W-8BEN (or
any successor form) claiming eligibility for benefits of an income tax treaty to which the United States of America is a party, 
 (II) two (2) duly completed copies of Internal Revenue Service Form W-8ECI (or any successor forms), 
 (III) in the case of a Lender or assignee claiming the benefits of the exemption for “portfolio interest” under Section 881(c) of the Code, (x) a statement certifying that such Lender
or assignee is not (1) a “bank” extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (2) a
“10 percent shareholder” within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or (3) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code, and that
no payments in connection with the Transaction Documents are effectively connected with such Lender or assignee’s conduct of a U.S. trade or business (a “U.S. Tax Compliance Certificate”) and (y) two (2) duly completed
copies of Internal Revenue Service Form W-8BEN (or any successor forms), or 

  
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 (IV) to the extent a Lender or assignee is not the beneficial owner, two
(2) duly completed copies of Internal Revenue Service Form W-8IMY (or any successor forms) of the Lender or assignee, accompanied by an Internal Revenue Service Form W-8ECI, Form W-8BEN claiming benefits under a treaty, Form W-8BEN and U.S. Tax
Compliance Certificate, Form W-9 (or other successor forms) or any other required information from each beneficial owner, as applicable. 
 Notwithstanding any other provisions of this clause (e), a Lender or assignee shall not be required to deliver any form that such Lender or assignee is not legally eligible to deliver. 

(f)      if a payment made to a Lender or assignee under any Transaction Document would be
subject to U.S. federal withholding Tax imposed by FATCA if such Lender or assignee were to fail to comply with the applicable reporting requirements of FATCA, such Lender or assignee shall deliver to the Borrower and the Administrative Agent at the
time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law and such additional document reasonably requested by the Borrower or the
Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine whether such Lender or assignee has complied with such Lender or assignee’s obligations under
FATCA or the amount to deduct and withhold from such payment. 
 Section 2.14.  Re-Liening Trigger
Event. 
 Upon the occurrence of a Re-Liening Trigger Event, the Servicer, the Originator, the Borrower
and the Collateral Custodian shall, at the request of the Administrative Agent, take all steps necessary to cause the Certificate of Title or other evidence of ownership of the related Financed Vehicle to be revised to name the Administrative Agent
on behalf of the Secured Parties as lienholder; any Re-Liening Expenses shall be paid by the Servicer, and to the extent such costs are not paid by the Servicer, such unpaid costs shall be recovered as described in Section 2.7.

 In no event shall the Collateral Custodian be required to expend funds in connection with this Section that
will not otherwise be reimbursed to it. The Servicer irrevocably appoints the Administrative Agent as its attorney-in-fact, such appointment being coupled with an interest, to take any and all steps required to be performed by it pursuant to this
Section including execution of Certificates of Title or any other documents in the name and stead of the Servicer. If at any time a Person other than DTCC becomes the Servicer, DTCC shall execute a power of attorney with respect to such Successor
Servicer promptly after its appointment as such, naming such Successor Servicer as its attorney-in-fact for the purposes described in this Section. 
 Section 2.15.  Permitted Take-Outs. 

(a)      On any Business Day, the Borrower shall have the right to prepay a portion of the
Note Balance and require the Administrative Agent to release its security interest and Lien on the related Collateral in connection with a Permitted Take-Out, subject to the satisfaction of the following terms and conditions: 

  
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 (i)       the Borrower
shall have given the Administrative Agent and each Hedge Counterparty at least five (5) Business Days’ prior written notice of its intent to effect a Permitted Take-Out; 

(ii)      each Permitted Take-Out shall reduce the Note Balance by a
minimum aggregate amount of five million dollars ($5,000,000) or integral multiples of one million dollars ($1,000,000) in excess thereof; 
 (iii)      on or before the date of a release of Collateral pursuant to this Section 2.15 in connection with a Permitted Take-Out, unless a Permitted Take-Out is
to be effected on a Payment Date (in which case the relevant calculations with respect to such Permitted Take-Out shall be reflected on the applicable Monthly Report), the Servicer shall deliver to the Administrative Agent (with a copy to each Hedge
Counterparty) a Permitted Take-Out Date Certificate, together with evidence to the reasonable satisfaction of the Administrative Agent that the Borrower shall have sufficient funds on the related Permitted Take-Out Date (after giving effect to such
Permitted Take-Out) to make the required prepayment on the Note Balance and the other Aggregate Unpaids with respect to the release of the related Collateral in accordance with this Agreement, which funds may come from capital contributions from
DTAC or the proceeds of the sale of the Collateral in connection with such Permitted Take-Out (which sale price must be negotiated in an arm’s-length manner and which sale terms do not require the Borrower to make any representations,
warranties or covenants or to provide any indemnification for the benefit of any other party); 

(iv)     on the date of a release of Collateral pursuant to this
Section 2.15 in connection with a Permitted Take-Out, the following shall be true and correct and the Borrower shall be deemed to have certified that after giving effect to the release to the Borrower of the related Collateral on the
related Permitted Take-Out Date, (A) the representations and warranties contained in Sections 5.1 and 5.2 are true and correct on such date, except to the extent relating to an earlier date, (B) no Termination Event,
Unmatured Termination Event, Servicer Termination Event, Overcollateralization Increase Event or Foreclosure Event has occurred, (C) no selection procedures were utilized by the Borrower in connection with the Permitted Take-Out that could be
reasonably expected to be materially adverse to the interests of the Secured Parties and (D) after giving effect to such Permitted Take-Out, the Note Balance does not exceed the Borrowing Base; 

(v)      on the related Permitted Take-Out Date, the Administrative Agent,
on behalf of the Lender, shall have received, in immediately available funds, an amount equal to the sum of (A) the portion of the Note Balance to be prepaid, (B) all accrued and unpaid Interest attributable to that portion of the Note
Balance to be prepaid on such day in connection with the Permitted Take-Out, (C) an aggregate amount equal to the sum of all other amounts then due and owing to the Administrative Agent or the Lender, as applicable, under this Agreement and the
other Transaction Documents, to the extent accrued to such date and to accrue thereafter (including any Breakage Costs), to the extent reasonably determined by the Administrative Agent or the Lender, as applicable, to be attributable to that portion
of the Note Balance to be paid to such Secured Party in 

  
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connection with the Permitted Take-Out and (D) all other Aggregate Unpaids then due and owing to the extent reasonably determined by any Secured Party to be attributable to that portion of
the Note Balance to be paid to such Secured Party in connection with the Permitted Take-Out and such amount shall be paid in accordance with the provisions of Section 2.7; 

(vi)     on the related Permitted Take-Out Date each Hedge Counterparty shall
have received all Hedge Breakage Costs attributable to that portion of the Note Balance to be prepaid in connection with the Permitted Take-Out pursuant to this Section 2.15; 

(vii)    on or prior to each Permitted Take-Out Date, the Borrower shall have
delivered to the Administrative Agent, the Collateral Custodian and each Lender (x) a list specifying all Contracts under which the Pledged Contracts to be released pursuant to such Permitted Take-Out arose and (y) an updated Schedule of
Contracts giving effect to such Permitted Take-Out that shall be confirmed in writing by the Collateral Custodian (which confirmation may take the form of an email to the Administrative Agent and the Lenders stating that the updated Schedule of
Contracts delivered by the Borrower comports with the records maintained by the Collateral Custodian); and 
 (viii)   no Termination Event, Unmatured Termination Event, Servicer Termination Event or Foreclosure Event shall occur as a result of such Permitted Take-Out. 

(b)      The Borrower hereby agrees to pay the reasonable out-of-pocket legal fees and
expenses of the Administrative Agent, the Collateral Custodian, the Backup Servicer and each Secured Party in connection with any Permitted Take-Out (including expenses incurred in connection with the release of the Lien of the Administrative Agent,
the Lender, the Collateral Custodian and any other party having such an interest in the Pledged Contracts in connection with such Permitted Take-Out). 
 (c)      In connection with any Permitted Take-Out, on the related Permitted Take-Out Date, subject to satisfaction of the conditions referred to in
Section 2.15(a), the Administrative Agent shall, at the expense of the Borrower (i) execute and deliver such instruments of release with respect to the portion of the Pledged Contracts (and the other related Collateral) to be
released to the Borrower, including a Permitted Take-Out Release, in favor of the Borrower as the Borrower may reasonably request and (ii) deliver (or cause to be delivered) any portion of the Pledged Contracts (and the other related
Collateral) to be released to the Borrower in its possession or the possession of the Collateral Custodian to the Borrower. 

Article III 
 Security 
 Section 3.1.    Collateral and
Backup Collateral. 
 (a)      The parties hereto intend that this
Agreement constitute a security agreement and the transactions effected hereby constitute secured loans by the Lender to the Borrower under Applicable Law. As collateral security for the prompt, complete and indefeasible payment and

  
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performance in full when due, whether by lapse of time, acceleration or otherwise, of the Obligations, the Borrower hereby grants to the Administrative Agent, for the benefit of the Secured
Parties, a lien on and security interest in all of the Borrower’s right, title and interest in, to and under the following, whether now existing or owned or hereafter arising or acquired by the Borrower (collectively, the
“Collateral”): 
 (i)       all
Contracts in which the Borrower has any interest and any accounts or obligations evidenced thereby, any guarantee thereof, all Collections and all monies due (including any payments made under any guarantee or similar credit enhancement with respect
to any such Contracts) or to become due or received by any Person in payment of any of the foregoing on or after the related Cut-off Date; 
 (ii)      the Financed Vehicles (including Financed Vehicles that have been repossessed) or in any document or writing evidencing any security interest in any Financed
Vehicle and each security interest in each Financed Vehicle securing each such Contract, including all proceeds from any sale or other disposition of such Financed Vehicles; 

(iii)     the Purchase Agreement (including each Transfer Agreement) and
remedies thereunder and the assignment to the Administrative Agent of all UCC financing statements filed by the Borrower against the Originator under or in connection with the Purchase Agreement; 

(iv)     the Account Collateral; 

(v)      reserved; 

(vi)     all Hedge Collateral; 

(vii)    the Contract Files, Servicer Files and the Schedule of Contracts, whether
now existing or hereafter acquired, and all right, title and interest of the Borrower in and to the documents, agreements and instruments included in the Contract Files and Servicer Files, including rights of recourse of the Borrower against the
Originator and/or any Dealer; 
 (viii)   all Records, documents and writings
evidencing or related to the Pledged Contracts; 
 (ix)     all rights
to payment under all Insurance Policies with respect to a Financed Vehicle, including any monies collected from whatever source in connection with any default of an Obligor with respect to a Financed Vehicle and any proceeds from claims or refunds
of premiums on any Insurance Policy, whether now existing or hereafter acquired, and all proceeds thereof; 
 (x)      all guaranties, indemnities, warranties, insurance (and proceeds and premium refunds thereof) and other agreements or arrangements of whatever character from time to
time supporting or securing payment of the Pledged Contracts, whether pursuant to the related Contracts or otherwise; 

  
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 (xi)     all rights to payment
under all service contracts and other contracts and agreements associated with the Pledged Contracts and all of the Borrower’s interest in all recourse rights against the related Dealer with respect to the applicable Pledged Contracts
(excluding any rights in any dealer reserve under the related Dealer Agreement); 

(xii)    [reserved]; 

(xiii)   the Performance Guaranty; 

(xiv)   all security interests, Liens, guaranties and other encumbrances in favor of or
assigned or transferred to the Borrower in respect of or in connection with the Pledged Contracts and Financed Vehicles; 
 (xv)    all Liquidation Proceeds; 
 (xvi)   reserved; 

(xvii)  any payments from a bank account of, and any electronic funds transfers from, any
Obligor or Contract Rights Payor (subject to the terms and conditions of the Master Agency Agreement); 
 (xviii)  any deposit accounts, monies, deposits, funds, accounts and instruments relating to the foregoing; and 

(xix)   all income, products, accessions and proceeds of the foregoing. 

Notwithstanding the foregoing, once the Administrative Agent has released its security interest in a Pledged Contract in accordance with
the terms of this Agreement, such Contract, the related Finance Vehicle and all other items of Collateral arising from such Contract shall no longer be a part of the Collateral hereunder; provided, that no Pledged Contract shall be released
without the consent of the Administrative Agent. 
 (b)      The grant under this
Section does not constitute and is not intended to result in a creation or an assumption by the Administrative Agent or any of the Secured Parties of any obligation of the Borrower or any other Person in connection with any or all of the Collateral
or under any agreement or instrument relating thereto. Anything herein to the contrary notwithstanding, (i) the Borrower shall remain liable under the Pledged Contracts to the extent set forth therein to perform all of its duties and
obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Administrative Agent of any of its rights in the Collateral shall not release the Borrower from any of its duties or obligations
under the Collateral and (iii) none of the Administrative Agent or any Secured Party shall have any obligations or liability under the Collateral by reason of this Agreement, nor shall the Administrative Agent or any Secured Party be obligated
to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 

  
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 (c)      Notwithstanding the foregoing grant
of security interest, no account, instrument, chattel paper or other obligation or property of any kind due from, owned by or belonging to a Sanctioned Person shall be Collateral. 

Section 3.2.    Release of Collateral; No Legal Title. 

(a)      At the same time as any (i) Pledged Contract expires by its terms and all
amounts in respect thereof have been paid by the related Obligor and deposited in the Collection Account or (ii) has been prepaid in full and all amounts in respect thereof have been paid by the related Obligor and deposited in the Collection
Account, the Administrative Agent will, to the extent requested by the Servicer, release its interest in such Pledged Contract and the related Collateral. In connection with any sale of a related Financed Vehicle on or after the occurrence of an
event described in clauses (i) or (ii) above, after the deposit by the Servicer of the proceeds of such sale into the Collection Account, the Administrative Agent will at the sole expense of the Servicer, execute and deliver to the
Servicer any assignments, bills of sale, termination statements, payoff letters and any other releases and instruments as the Servicer may reasonably request or that Servicer shall deem necessary in order to effect the release and transfer of such
Financed Vehicle; provided, that the Administrative Agent will make no representation or warranty, express or implied, with respect to any such Financed Vehicle in connection with such sale or transfer and assignment. Nothing in this Section
shall diminish the Servicer’s obligations pursuant to Sections 7.3(c) or 7.3(d) with respect to the proceeds of any such sale. 
 (b)      In connection with (a) any repurchase of Pledged Contracts by Originator from the Borrower pursuant to the Purchase Agreement or (b) any transfer of
Pledged Contracts pursuant to Section 2.15 and promptly upon the Facility Termination Date and upon payment in full of the related Aggregate Unpaids, the Administrative Agent, at the Borrower’s expense shall execute, deliver, file and
record any partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be reasonably requested by the Borrower to evidence the release by the Administrative Agent of its security
interest in the applicable Pledged Contracts and related Collateral. 

(c)      The Administrative Agent will not, except as may result from the exercise of its
remedies hereunder, have legal title to any part of the Collateral on the Facility Termination Date and will have no further interest in or rights with respect to the Collateral. 

Section 3.3.    Protection of Security Interest; Administrative Agent, as Attorney-in-Fact.

 (a)      The Borrower agrees that from time to time, at its expense, it
will promptly execute and deliver all instruments and documents, and take all actions, that may reasonably be necessary, or that the Administrative Agent may deem necessary, to perfect, protect or more fully evidence the security interest granted to
the Administrative Agent in the Pledged Contracts and the other Collateral, or to enable the Administrative Agent or the Secured Parties to exercise and enforce their rights and remedies hereunder and thereunder. 

(b)      If the Borrower fails to perform any of its obligations under this
Section 3.3 after five (5) Business Days’ notice from the Administrative Agent or any Secured Party, the 

  
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Administrative Agent or any Secured Party may (but shall not be required to) perform, or cause performance of, such obligation; and the Administrative Agent’s or such Secured Party’s
reasonable costs and expenses incurred in connection therewith shall be payable by the Borrower as provided in Article Eleven. The Borrower irrevocably authorizes the Administrative Agent and appoints the Administrative Agent, as its
attorney-in-fact to act on behalf of the Borrower, (i) to execute on behalf of the Borrower as debtor and to file financing statements necessary or desirable in the Administrative Agent’s sole discretion to perfect and to maintain the
perfection and priority of the interest of the Secured Parties in the Pledged Contracts and the other Collateral and (ii) to file a carbon, photographic or other reproduction of this Agreement or any financing statement with respect to the
Pledged Contracts and the other Collateral, as a financing statement in such offices as the Administrative Agent in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the interests of the
Secured Parties in the Pledged Contracts and the other Collateral. This appointment is coupled with an interest and is irrevocable. 
 Section 3.4.    Collateral Assignment of the Purchase Agreement. 
 The Borrower hereby represents, warrants and confirms to the Administrative Agent that the Borrower has collaterally assigned to the Administrative Agent, for the ratable benefit of the Secured Parties
hereunder, all of the Borrower’s right and title to and interest in the Purchase Agreement (including each Transfer Agreement). The Borrower confirms that the Administrative Agent shall have the sole right to enforce the Borrower’s rights
and remedies under the Purchase Agreement or any Transfer Agreement for the benefit of the Secured Parties, but without any obligation on the part of the Administrative Agent, the Secured Parties or any of their respective Affiliates, to perform any
of the obligations of the Borrower under the Purchase Agreement or any Transfer Agreement. The Borrower further confirms and agrees that such collateral assignment to the Administrative Agent shall terminate upon the Facility Termination Date;
provided, however, that the rights of the Administrative Agent and the Secured Parties pursuant to such collateral assignment with respect to rights and remedies in connection with any indemnities and any breach of any representation,
warranty or covenants made by the Originator pursuant to the Purchase Agreement, which rights and remedies survive the termination of the Purchase Agreement shall be continuing and shall survive any termination of such collateral assignment.

 Article IV 
 Conditions of Closing and Loans 

Section 4.1.    Conditions to Closing. 

The Closing Date shall not occur, nor shall the Lender, the Administrative Agent, the Backup Servicer or the Collateral
Custodian be obligated to take, fulfill or perform any other action hereunder, until, all of the following conditions have been satisfied, in the sole discretion of the Administrative Agent: 

(a)      Each Transaction Document shall have been duly executed by, and delivered to, the
parties hereto and thereto and the Administrative Agent shall have received such other 

  
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documents, instruments, agreements and Opinions of Counsel as the Administrative Agent shall request in connection with the transactions contemplated by this Agreement, including all those
specified in the Schedule of Documents, each in form and substance satisfactory to the Administrative Agent. 

(b)      The Administrative Agent shall have received (i) satisfactory evidence, which
may be in the form of an Opinion of Counsel or Officer’s Certificate, that the Borrower, the Servicer, the Originator, the Backup Servicer, DTAG and the Collateral Custodian have obtained all required consents and approvals of all Persons,
including all requisite Governmental Authorities, to the execution, delivery and performance of this Agreement and the other Transaction Documents to which each is a party and the consummation of the transactions contemplated hereby or thereby or
(ii) an Officer’s Certificate from each of the Borrower, the Servicer, the Originator, the Backup Servicer, DTAG and the Collateral Custodian in form and substance satisfactory to the Administrative Agent affirming that no such consents or
approvals are required; it being understood that the acceptance of such evidence or Officer’s Certificate shall in no way limit the recourse of the Administrative Agent or any Secured Party against the Originator or the Borrower for a breach of
the Borrower’s representation or warranty that all such consents and approvals have, in fact, been obtained. 
 (c)      The Borrower, the Servicer, DTAG and DTAC shall each be in compliance in all material respects with all Applicable Laws and shall have delivered an Officer’s
Certificate to the Administrative Agent as to such compliance and other closing matters. 

(d)      The Borrower shall have paid all fees required to be paid by it on the Closing
Date, including all fees required hereunder and under the Fee Letter. 

(e)      No Termination Event, Foreclosure Event or Unmatured Termination Event shall have
occurred. 
 (f)      No Servicer Termination Event or any event that, with the
giving of notice or the lapse of time, or both, would become a Servicer Termination Event shall have occurred. 

(g)      [reserved] 

(h)      The Administrative Agent, on behalf of the Lender, shall have received the
original executed copy of the Performance Guaranty. 
 (i)      The Administrative
Agent, on behalf of the Lender, shall have received copies of the Master Agency Agreement and the DTAC Indenture, together with all amendments, modifications, waivers, supplements, restatements and replacements thereto, together with a certificate
of a responsible officer of DTAC as to the completeness of each such document. 

Section 4.2.    Conditions Precedent to All Loans. 

Each request for a Loan by the Borrower to the Lender shall be subject to the conditions set forth in
Section 4.1 and the further conditions precedent that: 

  
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 (a)      With respect to any Loan (including
the Initial Loan), the Servicer shall have delivered to the Administrative Agent, on or prior to the date of such Loan in form and substance satisfactory to the Administrative Agent, (i) a Funding Request and (ii) in the case of Contracts
being added to the Collateral, a Transfer Agreement (Exhibit A to the Purchase Agreement including the Schedule of Contracts attached thereto) dated not later than one (1) Business Day prior to the date of such Loan and containing such
additional information as may be reasonably requested by the Administrative Agent. 

(b)      On the date of such Loan, the following shall be true and correct and the Borrower
shall be deemed to have certified that, after giving effect to the proposed Loan and pledge of Contracts: 
 (i)       the representations and warranties contained in Sections 5.1 and 5.2 are true and correct in all material respects (provided that the materiality
threshold in this clause shall not be applicable to any representation or warranty referred to herein which is itself subject to a materiality qualification) on and as of such day as though made on and as of such day and shall be deemed to have been
made on such day (except to the extent any such representation and warranty expressly refers to an earlier date); 
 (ii)      no event has occurred and is continuing, or would result from such transaction that constitutes (x) a Termination Event, Foreclosure Event or Unmatured
Termination Event or (y) a Servicer Termination Event or any event that with the giving of notice of the lapse of time, or both, would constitute a Servicer Termination Event; 

(iii)     on and as of such day, after giving effect to such Loan, the Principal
Amount of such Loan and the aggregate Principal Amount of all Loans does not exceed the Available Amount; 
 (iv)     on and as of each such day, the Borrower and the Servicer each has performed all of the agreements contained in this Agreement and the other Transaction Documents to be
performed by it at or prior to such day in all material respects (provided that the materiality threshold in this clause shall not be applicable to any representation or warranty referred to herein which is itself subject to a materiality
qualification); and 
 (v)      no law or regulation shall
prohibit, and no order, judgment or decree of any federal, State or local court or governmental body, agency or instrumentality shall prohibit or enjoin, the making of such Loan by the Lender in accordance with the provisions hereof. 

(c)      No procedures reasonably believed by the Borrower to be materially adverse to the
interests of the Lenders were utilized by the Borrower in identifying and/or selecting Contracts to be acquired from the Originator pursuant to the related Transfer Agreement. 

(d)      The Borrower has deposited into the Reserve Account an amount equal to the excess
of (i) the Reserve Account Required Amount over (ii) the Reserve Account Amount, in each case calculated after giving effect to the conveyance of Contracts relating to such requested Loan. 

  
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 (e)      The Administrative Agent shall have
received evidence satisfactory to it that the Contracts to be added to the Collateral in connection with such requested Loan are free and clear of any Lien, and that DTAC has taken such actions, as are necessary and appropriate, to release the Lien
created in connection with the DTAC Indenture. 
 (f)      On the date of such
transaction, the Administrative Agent shall have received such other approvals, Opinions of Counsel, information or documents as the Administrative Agent may reasonably require. 

(g)      The Hedging Agreement shall be in effect and the requirements of
Section 6.3 shall be satisfied. 
 (h)      The Borrower shall have
delivered each related Contract File to the Collateral Custodian and the Administrative Agent shall have received the related executed Contract Receipt. 
 (i)      With respect to any Pledged Contracts relating to Obligors with addresses in any one State that account for 10% or more of Net Principal Balance of Pledged Contracts
that are Eligible Contracts as of such Funding Date, the Servicer, if requested by the Administrative Agent, shall have delivered either (I) an Opinion of Counsel that is satisfactory in form and substance to the Administrative Agent to the
effect that the Collateral Custodian, on behalf of the Secured Parties, has a perfected security interest in the related Financed Vehicles or (II) a copy of an opinion of counsel delivered in connection with any securitization of retail auto
installment sales contracts by a DT Entity, which opinion concludes, subject to reasonable assumptions and qualifications, that the trustee in such securitization has a perfected security interest in the auto loan contracts of borrowers under such
auto loan contracts which borrowers have addresses in such State, which opinion is dated no more than one year prior to such Funding Date. 
 (j)      The evidence and confirmations required pursuant to Section 6.6 for each prior Collection Period shall have been provided to the Administrative Agent and to the
Lender. 
 Article V 
 Representations and Warranties 

Section 5.1.    Representations and Warranties of the Borrower. 

The Borrower represents and warrants as follows: 

(a)      Organization and Good Standing. The Borrower has been duly organized, and
is validly existing as a limited liability company, in good standing under the laws of the State of Delaware, with all requisite power and authority to own or lease its properties and conduct its business as such business is presently conducted, and
the Borrower had at all relevant times, and now has all necessary power, authority and legal right to acquire, own, sell and pledge the Contracts and other Collateral. 

  
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 (b)      Due
Qualification.    The Borrower is duly qualified to do business and is in good standing as a Delaware limited liability company, and, has obtained all necessary licenses and approvals in all jurisdictions in which the
ownership or lease of property or the conduct of its business requires such qualifications, licenses or approvals (including, as applicable, the origination, purchase, sale, pledge and servicing of the Pledged Contracts) except where the failure to
qualify could not reasonably be expected to result in a Material Adverse Effect. 

(c)      Power and Authority; Due Authorization.    The Borrower
(i) has all necessary power, authority and legal right to (A) execute and deliver this Agreement and the other Transaction Documents to which it is a party, (B) carry out the terms of the Transaction Documents to which it is a party
and (C) grant the security interest in the Collateral on the terms and conditions herein provided and (ii) has duly authorized by all necessary limited liability company action the execution, delivery and performance of this Agreement and
the other Transaction Documents to which it is a party and the grant of the security interest in the Collateral on the terms and conditions herein and therein provided. 

(d)      No Violation.    The consummation of the transactions
contemplated by this Agreement and the other Transaction Documents to which it is a party and the fulfillment of the terms hereof and thereof will not (i) conflict with, result in any breach of any of the terms and provisions of, or constitute
(with or without notice or lapse of time or both) a default under, the Borrower’s Formation Documents or any Contractual Obligation of the Borrower, (ii) result in the creation or imposition of any Lien upon any of the Borrower’s
properties pursuant to the terms of any such Contractual Obligation, other than this Agreement or (iii) violate any Applicable Law the violation of which could result in a Material Adverse Effect. 

(e)      No Proceedings.    There is no litigation, proceeding
or investigation pending or, to the knowledge of the Borrower, threatened against the Borrower, before any Governmental Authority (i) asserting the invalidity of this Agreement or any other Transaction Document to which the Borrower is a party,
(ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any other Transaction Document to which the Borrower is a party or (iii) seeking any determination or ruling the violation of which could
reasonably be expected to have a Material Adverse Effect. 
 (f)      All
Consents Required.    All approvals, authorizations, consents, orders, licenses or other actions of any Person or of any Governmental Authority required for the due execution, delivery and performance by the Borrower of this
Agreement and any other Transaction Document to which the Borrower is a party have been obtained. 

(g)      Bulk Sales.    The execution, delivery and performance
of this Agreement do not require compliance with any “bulk sales” act or similar law by the Borrower. 

(h)      Solvency.    The transactions under this Agreement and
any other Transaction Document to which the Borrower is a party do not and will not render the Borrower not Solvent. 
 (i)      Selection Procedures.    No procedures that could be reasonably expected to be materially adverse to the interests of the Lender were
utilized by the Borrower or the Originator in identifying and/or selecting Contracts for acquisition by the Borrower from the Originator. In 

  
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addition, each Pledged Contract shall have been underwritten in accordance with and satisfy the standards of the Credit and Collection Policy. 

(j)       Taxes.    The Borrower has filed, caused to be
filed, or received an extension of time for filing that has not yet expired of all tax returns that are required to be filed by it. The Borrower has paid or made adequate provisions for the payment of all Taxes and all assessments made against it or
any of its property (other than any amount of Tax the validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in accordance with GAAP have been provided on the books of the
Borrower), and no tax lien has been filed and, to the Borrower’s knowledge, no claim is being asserted, with respect to any such Tax, fee or other charge. 
 (k)      Exchange Act Compliance; Regulations T, U and X.    None of the transactions contemplated herein (including the use of the proceeds from
the Loans and the pledge of the Collateral) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including Regulations T, U and X of the Federal Reserve Board, 12 C.F.R., Chapter
II. The Borrower does not own or intend to carry or purchase, and no proceeds from the pledge of the Collateral will be used to carry or purchase, any “Margin Stock” within the meaning of Regulation U or to extend “Purchase
Credit” within the meaning of Regulation U. 
 (l)       Quality of
Title.    Each Pledged Contract shall, at all times, be owned by the Borrower free and clear of any Lien (other than Permitted Liens), and upon the Initial Loan and each Subsequent Loan, the Administrative Agent, as agent for
the Secured Parties, shall acquire a valid and perfected first priority security interest in each Pledged Contract and the related Collateral then existing or thereafter arising, free and clear of any Lien, other than Permitted Liens. No effective
financing statement or other instrument similar in effect covering any portion of the Collateral shall at any time be on file in any recording office except such as may be filed in favor of (i) the Borrower in accordance with the Purchase
Agreement or (ii) the Administrative Agent in accordance with this Agreement. 

(m)     Security Interest.    The Borrower has granted a security
interest (as defined in the UCC) to the Administrative Agent, for the benefit of the Secured Parties, in the Collateral, which is enforceable in accordance with applicable law upon execution and delivery of this Agreement. Upon the filing of UCC-1
financing statements naming the Administrative Agent, as secured party and the Borrower as debtor, or upon the Collateral Custodian obtaining control, in the case of that portion of the Collateral which constitutes chattel paper, the Administrative
Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest in the Collateral. All filings (including such UCC filings) as are necessary in any jurisdiction to perfect the security interest of the
Administrative Agent, for the benefit of the Secured Parties, in the Collateral have been (or prior to the applicable Loan will be) made. 
 (n)      Reports Accurate.    All Monthly Reports (if prepared by the Borrower, or to the extent that information contained therein is supplied by
the Borrower, such portion supplied by the Borrower), information, exhibits, financial statements, documents, books, records or reports (including the data file indicating characteristics of the initial Pledged Contracts immediately prior to the
Closing Date) furnished or to be furnished by the Borrower to the Administrative 

  
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Agent, the Collateral Custodian, the Backup Servicer or any Secured Party under this Agreement are true, complete and correct in all material respects as of the date specified therein or the date
so furnished (as applicable). 
 (o)      Location of
Offices.  The principal place of business and chief executive office of the Borrower and the office where the Borrower keeps all the Records are located at the address of the Borrower referred to in Section 15.2 (or at such
other locations as to which the notice and other requirements specified in Section 6.2(f) shall have been satisfied). 
 (p)      Lockbox; Collection Account; Master Agency Agreement.    The Lockbox and the Collection Account or any interest therein has not been
pledged or assigned to any party other than as provided herein. Exhibit N hereto is a full, complete and correct copy of the Master Agency Agreement and such agreement has not been modified and is in full force and effect. There are no
agreements or understandings relating to the Master Agency Agreement that are not fully and accurately described in Exhibit N. No DT Entity has granted any Person, other than Wells Fargo Bank, N.A. under the Master Agency Agreement,
“control” (within the meaning of Section 9-102 of any applicable enactment of the UCC) of any Depository Account or the right to take control of any Depository Account at a future time or upon the occurrence of a future event.

 (q)      Tradenames and Place of Business.    Except
as described in Schedule E, the Borrower has no trade names, fictitious names, assumed names or “doing business as” names or other names under which it has done or is doing business. 

(r)      Purchase Agreement.  The Purchase Agreement is the only agreement
pursuant to which the Borrower acquires any interest in any Contracts. 

(s)      Value Given.    The Borrower has given reasonably
equivalent value to the Originator in consideration for the transfer by the Originator to the Borrower of the Contracts and the related Collateral transferred to the Borrower under the Purchase Agreement, no such transfer has been made for or on
account of an antecedent debt owed by the Originator to the Borrower and no such transfer is or may be voidable or subject to avoidance under any Insolvency Law. 

(t)      Accounting.  The Borrower accounts for the transfers to it from
the Originator of Contracts and related Collateral under the Purchase Agreement as sales of such Contracts and related Collateral in its books, records and financial statements, in each case consistent with GAAP and with the requirements set forth
herein, other than for federal tax and consolidated accounting purposes. 

(u)      Special Purpose Entity.  The Borrower is in compliance with
Section 6.2(n). 
 (v)      Investment Company
Act.  The Borrower is not an “investment company” registered or required to be registered under the Investment Company Act. 
 (w)     Reserved. 

  
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 (x)      Accuracy of Representations and
Warranties.  Each representation or warranty by the Borrower contained herein, in any other Transaction Document or in any certificate or other document furnished by the Borrower pursuant hereto or thereto or in connection herewith or
therewith is true and correct in all material respects. 

(y)      OFAC.  None of the Borrower nor any DT Entity (i) is a
Sanctioned Person, (ii) has more than 15% of its assets in Sanctioned Countries or (iii) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. The proceeds of
any Loan will not be used and have not been used to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country. 

Section 5.2.    Representations and Warranties of the Borrower relating to this Agreement
and the Pledged Contracts. 
 The Borrower hereby represents and warrants, as of the Closing Date and as
of each Addition Date: 
 (a)      Binding
Obligation.   This Agreement and each other Transaction Document to which the Borrower is a party each constitute a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its
respective terms, except as such enforceability may be limited by Insolvency Laws and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity) 

(b)      Security Interest.  This Agreement constitutes a grant of a
security interest by the Borrower to the Administrative Agent for the benefit of the Secured Parties in all Collateral which upon the filing of financing statements in the applicable jurisdictions and, in the case of Subsequent Contracts in
connection with the applicable Subsequent Loan, shall be a first priority perfected security interest in all Collateral. 
 (c)      Eligibility of Contracts. 
 (i)       As of the Closing Date, (A) Schedule B and the information contained in the Funding Request delivered pursuant to Section 2.1 is an
accurate and complete listing in all material respects of the Contracts constituting a portion of the Collateral as of the date of the Initial Loan and the information contained therein with respect to the identity of such Contracts and the amounts
owing thereunder is true and correct in all material respects as of the related Cut-off Date, (B) each such Contract is an Eligible Contract, (C) each such Contract and the related Financed Vehicle is free and clear of any Lien of any
Person (other than Permitted Liens) and in compliance with all Applicable Laws and (D) with respect to each such Contract, all consents, licenses, approvals or authorizations of or registrations or declarations with any Governmental Authority
required to be obtained, effected or given by the Borrower in connection with the origination, purchase and pledge of such Contract and the related Collateral to the Administrative Agent have been duly obtained, effected or given and are in full
force and effect. 
 (ii)      On each Addition Date, the Borrower
shall be deemed to represent and warrant that (A) Schedule B and the information contained in the Funding Request 

  
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delivered pursuant to Section 2.1 is an accurate and complete listing in all material respects of the Contracts (including the Subsequent Contracts being transferred on such Addition
Date) constituting a portion of the Collateral as of the date of the Subsequent Loan and the information contained therein with respect to the identity of such Contracts and the amounts owing thereunder is true and correct in all material respects
as of the related Cut-off Date, (B) each such Subsequent Contract referenced on the related Funding Request delivered pursuant to Section 2.1 is an Eligible Contract, (C) each such Subsequent Contract and the related Financed
Vehicle is free and clear of any Lien of any Person (other than Permitted Liens) and in compliance with all Applicable Laws, (D) with respect to each such Contract, all consents, licenses, approvals, authorizations, registrations or
declarations with any Governmental Authority required to be obtained, effected or given by the Borrower in connection with the origination, purchase and pledge of such Contract and the related Collateral have been duly obtained, effected or given
and are in full force and effect and (E) the representations and warranties set forth in Section 5.2 are true and correct with respect to each Contract pledged on such day as if made on such day. 

Section 5.3.    Representations and Warranties of the Initial Servicer. 

The initial Servicer represents and warrants as follows: 

(a)      Organization and Good Standing.  The Servicer has been duly
organized and is validly existing as a limited liability company in good standing under the laws of the State of Arizona, with all requisite corporate power and authority to own or lease its properties and to conduct its business as such business is
presently conducted and to enter into and perform its obligations pursuant to this Agreement. 

(b)      Due Qualification.  The Servicer is duly qualified to do business
as a limited liability company, is in good standing as a limited liability company, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property and or the conduct of its business,
including the origination and servicing of the Pledged Contracts, requires such qualification, licenses or approvals except where the failure so to qualify could not reasonably be expected to result in a Material Adverse Effect. 

(c)      Power and Authority; Due Authorization.   The Servicer
(i) has all necessary limited liability company power, authority and legal right to (A) execute and deliver this Agreement and the other Transaction Documents to which it is a party and (B) carry out the terms of the Transaction
Documents to which it is a party and (ii) has duly authorized by all necessary limited liability company action the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party. 

(d)      Binding Obligation.   This Agreement and each other
Transaction Document to which the Servicer is a party constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its respective terms. 

(e)      No Violation.   The consummation of the transactions
contemplated by this Agreement and the other Transaction Documents to which it is a party and the fulfillment of the 

  
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terms hereof and thereof will not (i) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default
under, the Servicer’s articles of organization, operating agreement or any Contractual Obligation of the Servicer, (ii) result in the creation or imposition of any Lien upon any of the Servicer’s properties pursuant to the terms of
any such articles of organization, operating agreement or Contractual Obligation, other than this Agreement, or (iii) violate any Applicable Law the violation of which could result in a Material Adverse Effect. 

(f)       No Proceedings.  There is no litigation, proceeding or
investigation pending or, to the knowledge of the Servicer, threatened against the Servicer, before any Governmental Authority (i) asserting the invalidity of this Agreement or any other Transaction Document to which the Servicer is a party,
(ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any other Transaction Document to which the Servicer is a party, (iii) challenging the enforceability of a material portion of the
Pledged Contracts or (iv) seeking any determination or ruling that could reasonably be expected to have Material Adverse Effect. 
 (g)      All Consents Required.  All approvals, authorizations, consents, orders or other actions of any Person or of any Governmental Authority (if any)
required for the due execution, delivery and performance by the Servicer of this Agreement and any other Transaction Document to which the Servicer is a party have been obtained. 

(h)      Reports Accurate.     All Monthly Reports,
information, exhibits, financial statements, documents, books, records or reports furnished or to be furnished by the Servicer to the Administrative Agent, the Collateral Custodian, the Backup Servicer or any Secured Party in connection with this
Agreement are accurate, true and correct as of the date specified therein or the date so furnished (as applicable). 
 (i)       Servicer’s Performance.  The Servicer has the knowledge, the experience and the systems, financial and operational capacity available to
timely perform each of its obligations hereunder. 
 (j)       Compliance
with Credit and Collection Policy.  The Servicer has, with respect to the Contracts, complied in all material respects with the Credit and Collection Policy. 

(k)      Lockbox; Collection Account.  The Servicer has neither pledged
nor assigned, nor entered into a control agreement with respect to, the Lockbox or the Collection Account or amounts on deposit therein with or to any Person except the Administrative Agent and/or the Secured Parties. 

Section 5.4.    Representations and Warranties of the Backup Servicer. 

The Backup Servicer represents and warrants as follows: 

(a)      Organization and Good Standing.  The Backup Servicer has been
duly organized, and is validly existing as a national banking association and in good standing under the laws of the United States, with all requisite power and authority to own or lease its properties and to

  
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conduct its business as such business is presently conducted and to enter into and perform its obligations pursuant to this Agreement. 

(b)      Power and Authority; Due Authorization.    The Backup
Servicer (i) has all necessary power, authority and legal right to (A) execute and deliver this Agreement and (B) carry out the terms of this Agreement and (ii) has duly authorized by all necessary action on its part the
execution, delivery and performance of this Agreement. 
 (c)      Binding
Obligation.    This Agreement constitutes a legal, valid and binding obligation of the Backup Servicer enforceable against the Backup Servicer in accordance with its terms. 

(d)      No Violation.    The consummation of the transactions
contemplated by this Agreement and the fulfillment of the terms hereof will not (i) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, the
Backup Servicer’s organizational documents or any Contractual Obligation of the Backup Servicer, (ii) result in the creation or imposition of any Lien upon any of the Backup Servicer’s properties pursuant to the terms of any such
organizational documents or Contractual Obligation, other than this Agreement, or (iii) violate any Applicable Law. 
 (e)      No Proceedings.  There is no litigation, proceeding or investigation pending or, to the knowledge of the Backup Servicer, threatened against the
Backup Servicer, before any Governmental Authority (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement, (iii) challenging the
enforceability of any portion of the Pledged Contracts or (iv) seeking any determination or ruling that could reasonably be expected to have a Material Adverse Effect. 

(f)       All Consents Required.  All approvals, authorizations,
consents, orders or other actions of any Person or of any Governmental Authority (if any) required for the due execution, delivery and performance by the Backup Servicer of this Agreement have been obtained. 

Section 5.5.    Breach of Representations and Warranties; Retransfer of an Ineligible
Contract. 
 If it is discovered that a Contract was an Ineligible Contract on the date such Contract
was pledged by the Borrower to the Administrative Agent for the benefit of the Secured Parties hereunder, no later than the earlier of (i) knowledge by the Borrower of such Contract having been an Ineligible Contract and (ii) receipt by
the Borrower from the Administrative Agent or Servicer of written notice thereof, the Borrower shall either (A) accept the release of each such Ineligible Contract, and the Administrative Agent shall be deemed, upon receipt of the Release
Price, to convey to the Borrower, without recourse, representation or warranty, all of its right, title and interest in such Ineligible Contract or (B) subject to confirmation of such Substitute Contract being an Eligible Contract, substitute
for such Ineligible Contract a Substitute Contract. In any of the foregoing instances, the Borrower shall accept the release of each such Ineligible Contract from the Administrative Agent, and the Net Principal Balance shall be reduced by the
Principal Balance (as of the end of the most recent Collection Period) of each such Ineligible Contract and, if applicable, increased by the Principal Balance of each such Substitute Contract.

  
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On and after the date of release, the Ineligible Contract so released shall not be included in the Collateral and the Substitute Contract shall be included in the Collateral. In consideration of
a release not involving any substitution, the Borrower shall, on the date of release of such Ineligible Contract, make a deposit of the Release Price to the Collection Account in immediately available funds. Upon each release to the Borrower of such
Ineligible Contract, the Administrative Agent shall automatically and without further action be deemed to transfer, assign and set-over to the Borrower, without recourse, representation or warranty, all the right, title and interest of the
Administrative Agent in, to and under such Ineligible Contract and all future monies due or to become due with respect thereto, all proceeds of such Ineligible Contract and Liquidation Proceeds and Insurance Proceeds relating thereto, all rights to
security for any such Ineligible Contract, and all proceeds and products of the foregoing. The Administrative Agent shall, at the sole expense of the Servicer, execute such documents and instruments of release as may be prepared by the Servicer on
behalf of the Borrower and take other such actions as shall reasonably be requested by the Borrower to effect the release of such Ineligible Contract pursuant to this Section 5.5. 

Article VI 

Covenants 

Section 6.1.    Affirmative Covenants of the Borrower. 

From the date hereof until the Facility Termination Date unless the Administrative Agent shall otherwise consent in
writing: 
 (a)      Compliance with Laws.  The Borrower will
comply in all material respects with all Applicable Laws, including those with respect to the Pledged Contracts and related Financed Vehicles. 
 (b)      Preservation of Existence.  The Borrower will preserve and maintain its existence, rights, franchises and privileges in the State of Delaware, and
qualify and remain qualified in good standing in each jurisdiction where the failure to preserve and maintain such existence, rights, franchises, privileges and qualification has had, or could reasonably be expected to have, a Material Adverse
Effect. 
 (c)      Performance and Compliance with Pledged
Contracts.  The Borrower will, at its expense, timely and fully perform and comply with all provisions, covenants and other promises required to be observed by it under the Pledged Contracts and in and all other agreements related to
such Contracts. 
 (d)      Keeping of Records and Books of
Account.   The Borrower will maintain and implement administrative and operating procedures (including an ability to recreate records evidencing Pledged Contracts in the event of the destruction of the originals thereof), and keep
and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Pledged Contracts. 
 (e)      Originator Assets.  With respect to each Contract acquired by the Borrower, the Borrower will: (i) acquire such Contract pursuant to and in
accordance with the terms of the 

  
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Purchase Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Borrower’s ownership of such Contract, including (A) filing and maintaining,
effective financing statements (Form UCC-1) listing the Originator as debtor in all necessary or appropriate filing offices, and filing continuation statements, amendments or assignments with respect thereto in such filing offices and
(B) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) taking all additional action that the Administrative Agent may reasonably request, including the filing of financing
statements listing the Administrative Agent as secured party to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral. 

(f)       [Reserved]. 

(g)      Separate Corporate Existence.   The Borrower shall be in
compliance with the special purpose entity requirements set forth in Section 6.2(n). 

(h)      Credit and Collection Policy.  The Borrower will comply and cause
the Servicer to comply, with the Credit and Collection Policy with respect to each Pledged Contract. 

(i)       Termination Events.  The Borrower will provide the
Administrative Agent, the Backup Servicer, the Collateral Custodian and each Hedge Counterparty with written notice promptly and in any event within three (3) Business Days after any Responsible Officer of the Borrower obtains knowledge (or
should have obtained knowledge) of the occurrence of any Termination Event, Unmatured Termination Event, Servicer Termination Event or Foreclosure Event setting forth the details of such event and the action that the Borrower proposes to take with
respect thereto. 
 (j)       Taxes.   The Borrower
will file and pay any and all Taxes, including those required to meet the obligations of the Transaction Documents. 
 (k)      Use of Proceeds.  The Borrower will use the Principal Amounts only to acquire Contracts and to fund deposits to the Reserve Account. 

(l)       Liens.  The Borrower will not create, or participate in the
creation of, or permit to exist, any Liens with respect to the Lockbox or the Collection Account except as set forth herein. 
 (m)     Reporting.    The Borrower will maintain for itself a system of accounting established and administered in accordance with GAAP and furnish to
the Administrative Agent and each Hedge Counterparty: 

(i)       Monthly Reports.   Not later than the
Reporting Date preceding each Payment Date, a Monthly Report. 

(ii)      Income Tax Liability.   Within ten Business
Days after the receipt of revenue agent reports or other written proposals, determinations or assessments of the Internal Revenue Service or any other taxing authority which propose, determine or otherwise set forth positive adjustments to the Tax
liability of any “affiliated group” (within the meaning of Section 1504(a)(l) of the Code) which equal or exceed $1,000,000 in the aggregate, telephonic, telex or telecopied notice (confirmed in

  
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writing within five Business Days) specifying the nature of the items giving rise to such adjustments and the amounts thereof. 

(iii)     Tax Returns.   Upon demand by the Administrative
Agent, copies of all federal, State and local Tax returns and reports filed by the Borrower, or in which the Borrower was included on a consolidated or combined basis (excluding sales, use and like taxes) for Tax years the statute of limitations
with respect to which has not yet expired as of the time of the demand therefor. 

(iv)     Auditors’ Management Letters.  Promptly after any
auditors’ management letters are received by the Borrower or by its accountants, which refer in whole or in part to any inadequacy, defect, problem, qualification or other lack of fully satisfactory accounting controls utilized by the Borrower.

(v)      Representations.    Promptly upon
receiving knowledge of same, the Borrower shall notify the Administrative Agent if any representation or warranty set forth in Section 5.1 or 5.2 was incorrect at the time it was given or deemed to have been given and at the same
time deliver to the Administrative Agent a written notice setting forth in reasonable detail the nature of such facts and circumstances. In particular, but without limiting the foregoing, the Borrower shall notify the Administrative Agent in the
manner set forth in the preceding sentence before any Funding Date of any facts or circumstances within the knowledge of the Borrower which would render any of the said representations and warranties untrue at the date when such representations and
warranties were made or deemed to have been made. 

(vi)     ERISA.  Promptly, and in any event within thirty
(30) days, after receiving notice of any “Reportable Event” (as defined in Title IV of ERISA) with respect to the Borrower, a copy of such notice. 

(vii)    Proceedings.   As soon as possible and in any event
within three (3) Business Days after a Responsible Officer of the Borrower receives notice or obtains knowledge thereof, any settlement of, judgment (including a judgment with respect to the liability phase of a bifurcated trial) in or
commencement of any labor controversy, litigation, action, suit or proceeding before any court or governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, affecting the Borrower or any DT Entity where it is
reasonably expected that such action or proceeding will result in a judgment of $1 million or more. 
 (viii)   Notice of Material Events.  Promptly upon becoming aware thereof, notice of any other event or circumstance that, in the reasonable judgment of the Borrower, is
likely to have a Material Adverse Effect. 
 (n)      Accounting
Policy.  The Borrower will promptly notify the Administrative Agent of any change in the Borrower’s accounting policies. 
 (o)      Depository Account; Lockbox.  On and after the date hereof, the Borrower will cause each Depository Account and Lockbox to be subject at all times
to the Master Agency Agreement. 

  
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 (p)      Other.  The Borrower
will furnish to the Administrative Agent promptly, from time to time, such other information, documents, records or reports respecting the Collateral or the condition or operations, financial or otherwise, of the Borrower or the Originator as the
Administrative Agent may from time to time reasonably request in order to protect the interests of the Administrative Agent or the Secured Parties under or as contemplated by this Agreement. 

Section 6.2.    Negative Covenants of the Borrower. 

From the date hereof until the Facility Termination Date without the written consent of the Administrative Agent:

 (a)      Other Business.   Borrower will not
(i) engage in any business other than the transactions contemplated by the Transaction Documents, (ii) incur any Indebtedness, obligation, liability or contingent obligation of any kind other than pursuant to or as contemplated by this
Agreement, any Hedging Agreement required by Section 6.3 of the Purchase Agreement or any other Transaction Document (excluding any incidental expenses incurred by the Borrower in connection with the performance of its obligations under
the foregoing documents) or (iii) form any Subsidiary or make any Investments in any other Person. 

(b)      Pledged Contracts Not to be Evidenced by Instruments.  The
Borrower will take no action to cause any Pledged Contract that is not, as of the Closing Date or the related Addition Date, as the case may be, evidenced by an Instrument, to be so evidenced except in connection with the enforcement or collection
of such Contract. 
 (c)      Security Interests.  The Borrower
will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any portion of the Collateral, whether now existing or hereafter transferred hereunder, or any interest therein, and the
Borrower will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Borrower will promptly notify the Administrative Agent of the existence of any Lien on any portion of the Collateral and the Borrower shall
defend the right, title and interest of the Administrative Agent in, to and under such Collateral, against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the
Borrower from suffering to exist Permitted Liens upon any portion of the Collateral. 

(d)      Mergers, Acquisitions, Sales, Etc.   The Borrower will not
be a party to any merger or consolidation, or purchase or otherwise acquire all or substantially all of the assets or any stock of any class of, or any partnership or joint venture interest in, any other Person, or, sell, transfer, convey or lease
all or any substantial part of its assets, or sell or assign with or without recourse any portion of the Collateral or any interest therein (other than pursuant hereto). 

(e)      Distributions.  The Borrower shall not declare or pay, directly
or indirectly, any dividend or make any other distribution (whether in cash or other property) with respect to the profits, assets or capital of the Borrower or any Person’s interest therein, or purchase, redeem or otherwise acquire for value
any of its capital stock now or hereafter outstanding (each a “Restricted Payment”), provided that prior to the Termination Date, the Borrower may make Restricted Payments out of amounts released to the Borrower
pursuant to Section 2.07(l), the proceeds of the Loans, and Pledged Contracts released pursuant to Section 2.15, in each case, so 

  
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long as (i) no Termination Event, Foreclosure Event or Unmatured Termination Event shall then exist or would result therefrom and (ii) such Restricted Payments have been approved by all
necessary action on the part of the Borrower and in compliance with Applicable Law. 

(f)       Change of Name or Location of Contract Files.  The Borrower
shall not (i) change its name or jurisdiction of formation, move the location of its principal place of business and chief executive office, or the offices where it keeps the Records from the location referred to in Section 15.2, or
(ii) move, or consent to the Collateral Custodian or Servicer moving, the Contract Files from the location thereof on the Closing Date, unless the Borrower has given at least thirty (30) days’ written notice to the Administrative
Agent and the Borrower has taken all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest of the Administrative Agent in the Collateral. 

(g)      True Sale.  The Borrower will not account for or treat (whether
in the Borrower’s financial statements or otherwise) the transactions contemplated by the Purchase Agreement in any manner other than as the sale, or absolute assignment, of the Contracts and related assets by the Originator to the Borrower,
other than for federal tax and consolidated accounting purposes. 

(h)      ERISA Matters.  The Borrower will not (i) engage or permit
any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor, (ii) permit to exist any accumulated funding deficiency, as
defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan, (iii) fail to make any payments to a Multiemployer Plan that the Borrower or
any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto, (iv) terminate any Benefit Plan so as to result in any liability or (v) permit to exist any occurrence of
any reportable event described in Title IV of ERISA. 

(i)       Formation Documents; Etc..   Without the prior consent
of the Administrative Agent, the Borrower will not amend, modify, waive, restate, replace, supplement or terminate or consent, agree to or acquiesce in any amendment, modification, waiver, restatement, replacement, supplementation or termination of,
any provision of its Formation Documents or any other Transaction Document. 

(j)       Changes in Payment Instructions to Obligors.  The Borrower
will not add or make any change, or permit the Servicer to make any change, in its instructions to Obligors regarding payments to be made to the Borrower or the Servicer or payments to be made to the Lockbox, unless the Administrative Agent shall
have consented to such change and has received duly executed copies of all documentation related thereto, which documentation shall be satisfactory in form and substance to the Administrative Agent. 

(k)      Extension or Amendment of Pledged Contracts.  The Borrower will
not, except as otherwise permitted in Section 7.3(c)(i), extend, amend or otherwise modify, or permit the Servicer to extend, amend or otherwise modify, the terms of any Pledged Contract. 

(l)       Credit and Collection Policy.  The Borrower will not amend,
modify, restate or replace, in whole or in part, the Credit and Collection Policy, if such amendment, modification, 

  
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restatement or replacement would impair the collectability of any Pledged Contract or otherwise be reasonably expected to materially and adversely affect the interests or the remedies of the
Administrative Agent or the Secured Parties under this Agreement or any other Transaction Document, without the prior written consent of the Administrative Agent. 

(m)     No Assignments.  The Borrower will not assign or delegate, grant any
interest in or permit any Lien (other Permitted Liens) to exist upon any of its rights, obligations or duties under this Agreement without the prior written consent of the Administrative Agent. 

(n)      Special Purpose Entity.  The Borrower shall not (nor has it taken
any such action in the past): 
 (i)       engage in any
business or activity other than the purchase and receipt of Contracts and related assets from the Originator under the Purchase Agreement, the pledge of Contracts and related assets under the Transaction Documents and such other activities as are
incidental thereto; 
 (ii)      acquire or own any material
assets other than (A) the Contracts and related assets acquired from the Originator under the Purchase Agreement and (B) incidental property as may be necessary for the operation of the Borrower; 

(iii)     merge into or consolidate with any Person or dissolve, terminate or
liquidate in whole or in part, transfer or otherwise dispose of all or substantially all of its assets or change its legal structure, without in each case first obtaining the Administrative Agent’s consent; 

(iv)     fail to preserve its existence as an entity duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization or formation, or without the prior written consent of the Administrative Agent, amend, modify, terminate, fail to comply with the provisions of its Formation
Documents or fail to observe Delaware limited liability company formalities that would have a Material Adverse Effect; 
 (v)      own any subsidiary or make any Investment in any Person without the consent of the Administrative Agent; 

(vi)     commingle its assets with the assets of any of its Affiliates, or of
any other Person; 
 (vii)    incur any debt, secured or unsecured, direct
or contingent (including guaranteeing any obligation), other than Indebtedness to the Secured Parties hereunder or under any other Transaction Document or in conjunction with a repayment of Aggregate Unpaids or any Hedging Agreement except for trade
payables in the ordinary course of its business, provided that such trade payables are not evidenced by a note and are paid when due; 
 (viii)   become insolvent or fail to pay its debts and liabilities from its assets as the same shall become due; 

  
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 (ix)      fail to maintain its
records, books of account and bank accounts separate and apart from those of any other Person; 

(x)       enter into any contract or agreement with any of its
principals or Affiliates or any other Person, except upon terms and conditions that are commercially reasonable and intrinsically fair and substantially similar to those that would be available on an arm’s-length basis with third parties other
than its Affiliates; 
 (xi)      seek its dissolution or winding
up in whole or in part; 
 (xii)     fail to correct any known
misunderstandings regarding the separate identity of Borrower from any principal or Affiliate thereof or from any other Person; 
 (xiii)    guarantee, become obligated for, or hold itself out to be responsible for the debt of another Person; 

(xiv)    make any loan or advances to any third party, including any principal or
Affiliate, or hold evidence of Indebtedness issued by any other Person (other than Permitted Investments (to the extent permitted hereunder) and Contracts); 

(xv)     fail either to hold itself out to the public as a legal entity separate
and distinct from any other Person or to conduct its business solely in its own name in order not (A) to mislead others as to the identity with which such other party is transacting business, or (B) to suggest that it is responsible for
the debts of any third party (including any of its principals or Affiliates); 

(xvi)    fail to maintain adequate capital for the normal obligations reasonably
foreseeable in a business of its size and character and in light of its contemplated business operations; 
 (xvii)   file or consent to the filing of any petition, either voluntary or involuntary, to take advantage of any applicable Insolvency Laws, or make an assignment for the benefit of
creditors; 
 (xviii)  share any common logo with or hold itself out as or be
considered as a department or division of (A) any of its principals or Affiliates, (B) any Affiliate of a principal or (C) any other Person; 

(xix)    permit any transfer (whether in any one or more transactions) of any direct
or indirect ownership interest in the Borrower, unless the Borrower delivers to the Administrative Agent an acceptable non-consolidation opinion; 

(xx)     fail to maintain separate financial statements, showing its assets and
liabilities separate and apart from those of any other Person, or have its assets listed on the financial statement of any other Person; 
 (xxi)    fail to pay its own liabilities and expenses only out of its own funds; 

  
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 (xxii)   fail to pay the salaries of its own
employees in light of its contemplated business operations; 
 (xxiii)  acquire the
obligations or securities of its Affiliates or stockholders; 
 (xxiv)  fail to
allocate fairly and reasonably any overhead expenses that are shared with an Affiliate, including paying for office space and services performed by any employee of an Affiliate; 

(xxv)   fail to use separate invoices and checks bearing its own name; 

(xxvi)  pledge its assets for the benefit of any other Person, other than with respect to
payment of the Indebtedness to the Lender hereunder; 
 (xxvii) fail at any time to have at
least two (2) independent directors (each, an “Independent Director”) on its board of directors (A) neither of which is, or has been, for at least five (5) years a director, officer, employee, trade creditor or
shareholder (or spouse, parent, sibling or child of the foregoing) of (x) the Servicer, (y) the Borrower, or (z) any Affiliate of the Servicer or Borrower and (B) each of which is acceptable to the Administrative Agent;
provided, however, such Independent Director may be an independent director or manager of another special purpose entity affiliated with the Servicer; 

(xxviii)  fail to provide that the unanimous consent of all directors (including the consent of
the Independent Directors) is required for the Borrower to (A) dissolve or liquidate, in whole or part, or institute proceedings to be adjudicated bankrupt or insolvent, (B) institute or consent to the institution of bankruptcy or
Insolvency Proceedings against it, (C) file a petition seeking or consent to reorganization or relief under any Insolvency Law, (D) seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian or
any similar official for the Borrower, (E) make any assignment for the benefit of the Borrower’s creditors, (F) admit in writing its inability to pay its debts generally as they become due or (G) take any action in furtherance of
any of the foregoing; and 
 (xxix)  take or refrain from taking, as applicable, each
of the activities specified in the non-consolidation opinion of Snell & Wilmer L.L.P., delivered on the Closing Date, upon which the conclusions expressed therein are based. 

(o)      Compliance with Requirements under DTAC Indenture. (i) The
Borrower will at all times cause DTAC to maintain the minimum “Collateral Coverage Ratio” to satisfy the requirement set forth in the definition of “Permitted Warehouse Transfer” (each, as defined in the DTAC Indenture) and
(ii) the Borrower shall satisfy all requirements of a “Restricted Subsidiary,” a “Receivables Financing Entity” and a “Special Purpose Subsidiary” under the DTAC Indenture. 

(p)      Minimum Usage Requirement.  The Borrower shall not permit the
Note Balance, for any period longer than ten (10) consecutive Business Days, to be less than an amount equal to the lesser of (i) the product (such product on any day being the “Target Amount”), on any such

  
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date of determination, of (A) 90.0%, (B) the Maximum Utilization Percentage on such date of determination and (C) the Commitment and (ii) the excess of (A) the Target
Amount over (B) $5,000,000; provided, however, that the provisions of this Section 6.2(p) shall not apply if, by the close of business on the fifth (5th) Business Day following the date that the Administrative Agent receives from the Borrower the Residual Interest
Conveyance Agreement (Approved Form), which agreement has been executed and delivered by the Borrower and the residual interest lender identified in the Residual Interest Conveyance Agreement (Approved Form), the Administrative Agent has not
executed and delivered such Residual Interest Conveyance Agreement (Approved Form). 

(q)      Residual Interest Conveyance Agreement.  The Borrower will not
enter into any Residual Interest Conveyance Agreement, other than the Residual Interest Conveyance Agreement (Approved Form) or otherwise transfer any interest or residual interest herein without the prior written consent of the Administrative
Agent. 
 Section 6.3.    Covenant of the Borrower Relating to the Hedging Agreement.

 (a)      The Borrower shall enter into one or more Hedge Transactions in
form and substance satisfactory (including the notional amount, term and amortization rate (if any) of such Hedge Transaction) to the Administrative Agent and each such Hedge Transaction shall be entered into with a Hedge Counterparty and governed
by a Hedging Agreement; provided that, as of any date of determination, (i) the aggregate notional amount relating to such Hedge Transactions shall not be less than the Note Balance on such date and (ii) the Hedge Rate of each Hedge
Transaction shall not exceed 5.0%. 
 (b)      As additional security hereunder,
the Borrower has collaterally assigned to the Administrative Agent for the benefit of the Secured Parties all right, title and interest of Borrower in the Hedge Collateral. The Borrower acknowledges that, as a result of that collateral assignment,
the Borrower may not, without the prior written consent of the Administrative Agent, exercise any rights under any Hedging Agreement or Hedge Transaction, except for the Borrower’s right under any Hedging Agreement to enter into Hedge
Transactions in order to meet the Borrower’s obligations hereunder. Nothing herein shall have the effect of releasing the Borrower from any of its obligations under any Hedging Agreement or any Hedge Transaction, nor be construed as requiring
the consent of the Administrative Agent or any Secured Party for the performance by the Borrower of any such obligations. 

Section 6.4.    Affirmative Covenants of the Servicer. 

From the date hereof until the Facility Termination Date unless the Administrative Agent shall otherwise consent in
writing: 
 (a)      Compliance with Applicable
Laws.    The Servicer will comply in all material respects with all Applicable Laws, including those with respect to the Pledged Contracts, the related Financed Vehicles and the related Contract Files or any part thereof.

 (b)      Preservation of Corporate Existence.  The Servicer
will preserve and maintain its limited liability company existence, rights, franchises and privileges in the jurisdiction of its formation, and qualify and remain qualified in good standing as a foreign limited liability

  
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company in each jurisdiction where the failure to preserve and maintain such existence, rights, franchises, privileges and qualification has had, or could reasonably be expected to have, a
Material Adverse Effect. 
 (c)      Obligations and Compliance with Pledged
Contracts.  The Servicer will fulfill and comply with all obligations on the part of the Borrower to be fulfilled or complied with under or in connection with each Pledged Contract and will do nothing to impair the rights of the
Administrative Agent in, to and under the Collateral. 
 (d)      Keeping of
Records and Books of Account.    The Servicer will maintain and implement administrative and operating procedures (including an ability to recreate records evidencing Pledged Contracts, including the related Servicer Files,
in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Pledged Contracts, including the related Servicer Files.

 (e)      Preservation of Security
Interest.     The Servicer will execute and file such financing and continuation statements and any other documents that may be required by any Applicable Law to preserve and protect fully the security interest of the
Administrative Agent in, to and under the Collateral. 
 (f)       Credit
and Collection Policy.  The Servicer will (i) comply in all material respects with the Credit and Collection Policy in regard to each Pledged Contract and (ii) furnish to the Administrative Agent, prior to its effective date,
prompt notice of any change in the Credit and Collection Policy. The Servicer will not agree to or otherwise permit to occur any change in the Credit and Collection Policy, which change would impair the collectability of any Pledged Contract or
otherwise adversely affect the interests or remedies of the Administrative Agent or the Secured Parties under this Agreement or any other Transaction Document, without the prior written consent of the Administrative Agent. 

(g)      Foreclosure Events and Termination Events.    The
Servicer will furnish to the Administrative Agent and each Hedge Counterparty, as soon as possible and in any event within three (3) Business Days after the occurrence of each Foreclosure Event, Termination Event, Servicer Termination Event and
Unmatured Termination Event, a written statement of its chief financial officer or chief accounting officer setting forth the details of such event and the action that the Servicer purposes to take with respect thereto. 

(h)      Other.   The Servicer will furnish to the Administrative
Agent, promptly, from time to time, such other information, documents, records or reports respecting the Collateral or the condition or operations, financial or otherwise, of Borrower or the Servicer as the Administrative Agent may from time to time
reasonably request in order to protect the interests of the Administrative Agent or the Lender under or as contemplated by this Agreement. 
 (i)       Losses, Etc.    In any suit, proceeding or action brought by the Collateral Custodian, the Backup Servicer or any Secured Party for
any sum owing thereto, the Servicer shall save, indemnify and keep the Collateral Custodian, the Backup Servicer and the Secured Parties harmless from and against all expense, loss or damage suffered by reason of any defense,

  
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setoff, counterclaim, recoupment or reduction of liability whatsoever of the Obligor under such Pledged Contract, arising out of a breach by the Servicer of any obligation under the related
Contract or arising out of any other agreement, Indebtedness or liability at any time owing to or in favor of such Obligor or its successor from the Servicer, and all such obligations of the Servicer shall be and remain enforceable against and only
against the Servicer and shall not be enforceable against the Collateral Custodian, the Backup Servicer or any Secured Party. 
 (j)       Notice to Collateral Custodian.     The Servicer shall advise the Collateral Custodian, the Hedge Counterparty and the
Administrative Agent in writing promptly, in reasonable detail of (i) any Lien asserted or claim made against any portion of the Collateral, (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and
covenants contained herein and (iii) the occurrence of any other event which would have a Material Adverse Effect. 
 (k)      Realization on Pledged Contracts.  In the event that the Servicer realizes upon any Pledged Contract, the methods utilized by the Servicer to
realize upon such Contract or otherwise enforce any provisions of such Contract will not subject the Servicer, the Borrower, any Secured Party, the Administrative Agent or the Collateral Custodian to liability under any federal, State or local law,
and any such realization or enforcement by the Servicer will be conducted in accordance with the provisions of this Agreement, the Credit and Collection Policy and Applicable Law. 

(l)       Certificate of Title.   Within fifteen (15) days
following the end of each calendar quarter, the Servicer shall deliver to the Collateral Custodian and the Administrative Agent a list of all Pledged Contracts for which it has not received the Certificate of Title relating to such Contract.

 (m)     Accounting Policy.  The Servicer will promptly notify the
Administrative Agent of any change in the Servicer’s accounting policies. 

(n)      Additional Covenants.  The Servicer will (i) immediately
notify the Borrower, the Backup Servicer, the Administrative Agent, each Hedge Counterparty and the Collateral Custodian of the existence of any Lien on any portion of the Collateral (other than the Lien of the Administrative Agent and Permitted
Liens) if the Servicer has actual knowledge thereof, (ii) defend the right, title and interest of the Borrower, the Secured Parties, the Administrative Agent and the Collateral Custodian in, to and under the Collateral against all claims of
third parties claiming through or under the Servicer, (iii) transfer to the Lockbox Processor or Qualified Institution then holding the Collection Account for deposit into the Collection Account, all payments received by the Servicer with
respect to the Pledged Contracts in accordance with this Agreement, (iv) comply with the terms and conditions of this Agreement relating to the obligation of the Borrower to remove Contracts from the Collateral pursuant to this Agreement and
the obligation of the Originator to reacquire Contracts from the Borrower pursuant to the Purchase Agreement, (v) promptly notify the Borrower, the Backup Servicer, the Administrative Agent and the Collateral Custodian of the occurrence of any
Servicer Termination Event and any breach by the Servicer of any of its covenants or representations and warranties contained herein, (vi) promptly notify the Borrower, the Backup Servicer, the Administrative Agent and the Collateral Custodian
of the occurrence of any event which, to the knowledge of the Servicer, 

  
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would require that the Borrower make or cause to be made any filings, reports, notices or applications or seek any consents or authorizations from any and all Government Authorities in accordance
with the relevant UCC and any State vehicle license or registration authority as may be necessary or advisable to create, maintain and protect a first priority security interest of the Administrative Agent in, to and on the Financed Vehicles and a
first priority security interest of the Administrative Agent in, to and on the Collateral, (vii) take all reasonable action necessary to maximize the returns pursuant to the Insurance Policies, and (viii) deliver or cause to be delivered
to the Collateral Custodian within three (3) Business Days preceding the Closing Date or the date of such Subsequent Loan, as the case may be, the documents to be included in the Contract Files with respect to the related Pledged Contracts.

 Section 6.5.    Negative Covenants of the Servicer. 

From the date hereof until the Facility Termination Date without the prior written consent of the Administrative Agent:

 (a)      Lockbox; Collection Account.  The initial Servicer
shall not create or participate in the creation of, or permit to exist, any Liens with respect to the Lockbox. The Servicer shall not enter into any “control agreement” (as defined in the relevant UCC) with respect to the Lockbox or the
Collection Account other than as provided in the Transaction Documents. 

(b)      Mergers, Acquisition, Sales, etc.  The Servicer shall not
(i) consolidate or merge with or into any other Person or (ii) sell, lease or otherwise transfer all or substantially all of its assets to any other Person; provided, that the Servicer may (I) merge with another Person if
(A)(i) the Servicer is the entity surviving such merger or (ii) the Person with whom the Servicer is merged into or consolidated with is an Affiliate of the Servicer and the surviving entity assumes in writing all duties and liabilities of the
Servicer hereunder, (B) the Servicer shall have delivered prior written notice of such consolidation, merger, conveyance or transfer to the Administrative Agent and the Hedge Counterparty, and (C) immediately after and giving effect to
such merger, no Termination Event, Foreclosure Event, Servicer Termination Event or Unmatured Termination Event shall have occurred and be continuing and (II) sell, lease or otherwise transfer all or substantially all of its assets to an Affiliate
of the Servicer if (A) such Affiliate assumes in writing all duties and liabilities of the Servicer hereunder, (B) the Servicer shall have delivered prior written notice of such consolidation, merger, conveyance or transfer to the
Administrative Agent and the Hedge Counterparty, and (C) immediately after giving effect to such sale, lease or other transfer, no Termination Event, Foreclosure Event, Servicer Termination Event or Unmatured Termination Event shall have
occurred and be continuing. 
 (c)      Change of Name or Location of Servicer
Files or Contract Files Related to the Pledged Contracts.  The Servicer shall not (i) change its name or its state of organization, move the location of its principal place of business and chief executive office, and the offices
where it keeps records concerning the Pledged Contracts (including the related Servicer Files) from the location referred to in Section 15.2 or (ii) move, or consent to the Collateral Custodian moving, the related Contract Files
from the location thereof on the Closing Date, unless the Servicer has given at least thirty (30) days’ written notice to the Administrative Agent and has taken all actions required under the UCC of each relevant jurisdiction in order to
continue the first priority 

  
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perfected security interest of the Administrative Agent for the benefit of the Secured Parties in the Collateral, subject only to Permitted Liens. 

(d)      Change in Payment Instructions to Obligors.  The Servicer will
not make any change in its instructions to Obligors regarding payments to be made to the Borrower or the Servicer or payments to be made to the Lockbox or Collection Account, unless the Administrative Agent has consented to such change and has
received duly executed documentation related thereto. 
 (e)      Extension or
Amendment of Pledged Contracts.  The Servicer will not, except as otherwise permitted in Section 7.3(c)(i), extend, amend or otherwise modify the terms of any Pledged Contract. 

(f)       No Instruments.  The Servicer shall take no action to cause
any Pledged Contract to be evidenced by any “instrument” (as defined in the UCC). 

(g)      No Liens.   Except as otherwise provided herein, the
Servicer shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than the Lien created by this Agreement) on the Collateral or any interest therein, the Servicer will notify
the Collateral Custodian and the Administrative Agent of the existence of any Lien on any portion of the Collateral immediately upon discovery thereof, and the Servicer shall defend the right, title and interest of the Administrative Agent on behalf
of the Secured Parties in, to and under the Collateral against all claims of third parties claiming through or under the Servicer. 
 (h)      Release; Additional Covenants.   The Servicer shall not (i) release any Financed Vehicle securing any Pledged Contract from the security
interest granted therein by such Contract in whole or in part except (x) in the event of payment in full by the Obligor thereunder, or (y) upon transfer of such Financed Vehicle to a purchaser following repossession by the Servicer,
(ii) impair the rights of the Borrower, the Administrative Agent, the Secured Parties or the Collateral Custodian in the Pledged Contracts, (iii) not increase the number of Scheduled Payments due under a Pledged Contract except as
permitted herein, or (iv) prior to the payment in full of any Pledged Contract, sell, pledge, assign, or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on such Contract or any interest therein.

 The Servicer shall, within two (2) Business Days of its receipt thereof, respond to reasonable written
directions or written requests for information that the Backup Servicer, the Borrower, the Administrative Agent or the Collateral Custodian might have with respect to the administration of the Pledged Contracts. 

Section 6.6.    Confirmation of Release of Liens on the Contracts. 

On each Reporting Date, DTAC shall provide the Administrative Agent with evidence satisfactory to the Administrative
Agent that the Contracts added to the Collateral on or prior to the Collection Period are free and clear of any Lien, and that DTAC and DTAG and their applicable affiliates have each taken such actions, as are necessary and appropriate, to release
the Lien created in connection with the DTAC Indenture. The Lender may request such evidence or confirmation that such Lien has been released at any time in its sole discretion. 

  
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 Article VII 
 Administration and Servicing of Pledged Contracts 

Section 7.1.    Designation of Servicing. 

The Administrative Agent, the Lender and each of the Borrower, the Backup Servicer and the Collateral Custodian, at the
direction of and on behalf of the Administrative Agent, hereby appoint and direct DTCC as Servicer to service, manage, collect and administer each of the Pledged Contracts and other Collateral, and to enforce its respective rights and interests in
and under the Collateral and DTCC hereby accepts such appointment and agrees to perform the duties and responsibilities of the Servicer pursuant to the terms hereof. 
 Section 7.2.    Servicing Compensation. 
 As compensation for its servicing activities hereunder and reimbursement for its expenses, the Servicer shall be entitled to receive the Servicing Fee to the extent of funds available therefor pursuant to
Section 2.7. 
 Section 7.3.    Duties of the Servicer. 

(a)      Standard of Care.  The Servicer shall take or cause to be taken
all such action as may be necessary or advisable to collect each Pledged Contract from time to time, all in accordance with Applicable Law, with reasonable care and diligence and in accordance with the Credit and Collection Policy. 

(b)      Records Held in Trust.  The Servicer shall hold in trust for the
Secured Parties all records which evidence or relate to all or any part of the Collateral. In the event that the Backup Servicer assumes servicing responsibilities or a Successor Servicer, as applicable, is appointed, the outgoing Servicer shall
promptly deliver to the Backup Servicer or the Successor Servicer, as applicable, and the Backup Servicer or the Successor Servicer, as applicable, shall hold in trust for the Borrower and the Secured Parties all records which evidence or relate to
all or any part of the Collateral. 
 (c)      Collection
Practices.  The Servicer shall take or cause to be taken all such actions as it deems necessary or advisable to collect each Pledged Contract from time to time, all in accordance, in all material respects, with Applicable Laws, the
Credit and Collection Policy and this Agreement. Each of the Borrower, the Lender, and the Administrative Agent hereby appoints as its agent DTCC to enforce its respective rights and interests in and under the Pledged Contracts and the other
Collateral and DTCC hereby accepts such appointment. In connection with its rights, duties and obligations hereunder, and without limiting the generality of the foregoing, the Servicer may in its discretion (A) grant extensions, rebates,
adjustments and waivers on any Pledged Contract as permitted by the Credit and Collection Policy, (B) otherwise amend or modify any Pledged Contract, provided that the Servicer shall not modify the APR or the number or amount of the Scheduled
Payments or reduce the Principal Balance on any Pledged Contract, and (C) waive any late payment charge or any other fees (other than interest on the Principal Balance) of any Pledged Contract that may be collected in the ordinary course of
servicing any Pledged Contract. The Servicer shall cause the Borrower to enforce its rights 

  
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under the Purchase Agreement (including each Transfer Agreement) including the right to require the Originator to repurchase Contracts for breaches of representations and warranties made by the
Originator. 
 (d)      Credit and Collection; Recourse; Sales of Financed
Vehicles.  On behalf of the Borrower and the Administrative Agent for the benefit of the Lender, the Servicer shall use its best efforts, consistent with its Accepted Servicing Practices, to repossess or otherwise convert the ownership
of the Financed Vehicle securing any Pledged Contract as to which the Servicer shall have determined eventual payment in full is unlikely. From time to time, as appropriate for servicing or foreclosing upon any Pledged Contract, the Borrower shall,
upon written request of the Servicer, execute such documents as shall be reasonably necessary to prosecute any such proceedings. The Servicer shall follow such Accepted Servicing Practices as it shall deem necessary or advisable in its servicing of
Contracts. The Servicer shall use all commercially reasonable efforts to maximize proceeds from the repossession of a Financed Vehicle securing any Pledged Contract, which may include selling such Financed Vehicle at auction, public or private sale,
or to an Affiliate of the Servicer, provided that (i) any such sale to an Affiliate is for fair market value, (ii) any such sale to an Affiliate does not have a material adverse effect on the Lenders and (iii) the aggregate proceeds
from the sale to such Affiliates of repossessed Financed Vehicles not sold through auction securing any Pledged Contract in any calendar month does not exceed 10% of the aggregate proceeds from the sale of all repossessed Financed Vehicles securing
any Pledged Contract. The foregoing shall be subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with the repair or the repossession of such Financed
Vehicle unless it shall determine in its reasonable discretion that such repair and/or repossession will increase the net liquidation proceeds by an amount greater than the amount of such expenses. 

(e)      Subservicers.  The Servicer may at any time and from time to time
delegate any or all of its duties and obligations hereunder to one or more Subservicers; provided, however, that the Servicer shall at all times remain responsible for the performance of such duties and obligations. 

(f)       Insurance.  The Servicer shall: 

(i)       on behalf of the Borrower, administer and enforce all rights
and responsibilities of the Borrower, as owner of the Pledged Contracts, provided for in the Insurance Policies relating to the Pledged Contracts; 

(ii)      in accordance with Accepted Servicing Practices, require that
each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the date of execution of the Pledged Contract; 
 (iii)     reserved; 

(iv)     administer the filings of claims under the Insurance Policies by filing
the appropriate notices related to claims, including initial notices of loss, as well as claims with the respective carriers or their authorized agents all in accordance with the terms of 

  
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the Insurance Policies; and use reasonable efforts to file such claims on a timely basis after obtaining knowledge of the events giving rise to such claims. 

(v)      utilize such notices, claim forms and claim procedures as are
required by the respective insurance carriers issuing Insurance Policies covering Financed Vehicles related to Pledged Contracts; 
 (vi)     upon receipt of notice that an Obligor’s physical damage Insurance Policy covering a Financed Vehicle related to a Pledged Contract has lapsed or is otherwise not in
force, send written notice to such Obligor stating that each Obligor is required to maintain physical damage insurance covering such Financed Vehicle throughout the term of the related Pledged Contract; and 

(vii)    not be required to pay any premiums or, other than administering the filing
of claims and performing reporting requirements specified in the Insurance Policies in connection with filing such claims in accordance with this Agreement, perform any obligations of the named insured under such Insurance Policies. 

In the case of any inconsistency between the requirements of the Servicer under this Agreement or the Credit and
Collection Policy and the requirements of any Insurance Policy relating to a Financed Vehicle applicable to the Borrower or the Servicer, the Servicer shall comply with the Insurance Policy. 

(g)      Obligation to Restore.  In the event of any physical loss or
damage to a Financed Vehicle related to a Pledged Contract from any cause, whether through accidental means or otherwise, the Servicer shall have no obligation to cause the affected Financed Vehicle to be restored or repaired. However, the Servicer
shall comply with the provisions of any Insurance Policy or Insurance Policies directly or indirectly related to any physical loss or damage to such Financed Vehicle as provided in this Agreement. 

(h)      Fidelity Bond.   The initial Servicer shall obtain on or
prior to the Closing Date and shall maintain, at its own expense, a fidelity bond in an amount consistent with industry standards, naming the Administrative Agent, in its capacity as Administrative Agent, as an additional loss payee or beneficiary
of such fidelity bond, with responsible companies on all officers, employees or other persons acting on behalf of the Servicer in any capacity with regard to the Collateral to handle funds, money, documents and papers relating to the Collateral. Any
such fidelity bond shall protect and insure the initial Servicer against losses, including forgery, theft, embezzlement, fraud and errors and omissions and negligent acts of such persons and shall be maintained in a form and amount that would meet
the requirements of prudent servicers engaged in the business of servicing prime, subprime and nonprime motor vehicle loan agreements similar to the Pledged Contracts. No provision of this subsection requiring such fidelity bond shall diminish or
relieve the Servicer from its duties and obligations as set forth in this Agreement. The initial Servicer shall be deemed to have complied with this provision if one of its respective Affiliates has such fidelity bond and, by the terms of such
fidelity bond, the coverage afforded thereunder extends to the Servicer. The initial Servicer shall cause each and every Subservicer to maintain a fidelity bond which would meet such requirements. Annually and more frequently upon request of the
Borrower, the Administrative Agent, the Collateral 

  
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Custodian or the Backup Servicer, the Servicer shall cause to be delivered to the Administrative Agent a certification evidencing coverage (with respect to itself and any Subservicer) under such
fidelity bond. Any such fidelity bond shall not be cancelled or modified in a materially adverse manner without 30 days’ prior written notice to the Borrower, the Administrative Agent and the Collateral Custodian. 

(i)       Security Interests.    The Borrower hereby
directs the Servicer to take or cause to be taken such steps as are reasonably necessary, to maintain perfection of the security interest created by each Pledged Contract in the related Financed Vehicle. The Servicer shall, at the direction of the
Borrower or the Administrative Agent, take any action reasonably necessary to preserve and protect the security interests of the Borrower, the Administrative Agent, the Secured Parties and the Collateral Custodian in the Pledged Contracts, including
any action specified in any Opinion of Counsel delivered to the Servicer. 

(j)       Realization on Financed Vehicles.     The
Servicer warrants, represents and covenants that in the event that the Servicer or any Subservicer realizes upon any Financed Vehicle, the methods utilized to realize upon such Pledged Contract or otherwise enforce any provisions of such Pledged
Contract, will not subject the Servicer, the Borrower, the Administrative Agent, the Lender, the Backup Servicer or the Collateral Custodian to liability under any federal, State or local law, and that such enforcement by the Servicer or any
Subservicer will be conducted in accordance with the provisions of this Agreement, the Credit and Collection Policy and Applicable Law. 
 (k)      Recordkeeping.  The Servicer shall: 
 (i)       maintain legible copies (in electronic or hard-copy form, in the discretion of the Servicer) or originals of all documents in its Servicer File with respect to
each Pledged Contract and the Financed Vehicle related thereto; and 

(ii)      keep books and records, reasonably satisfactory to the
Administrative Agent, pertaining to each Pledged Contract and shall make periodic reports in accordance with this Agreement; such records may not be destroyed or otherwise disposed of except as provided herein and as allowed by Applicable Law, all
documents, whether developed or originated by the Servicer or not, reasonably required to document or to properly administer any Pledged Contract shall remain at all times the property of the Borrower and shall be held in trust by the Servicer; the
Servicer shall not acquire any property rights with respect to such records, and shall not have the right to possession of them except as subject to the conditions stated in this Agreement; and the Servicer shall bear the entire cost of restoration
in the event any Servicer File shall become damaged, lost or destroyed while in the Servicer’s possession or control. 
 (l)       Inspection.    The Servicer shall permit the Administrative Agent, the Backup Servicer and the Lender, upon 5 Business Days’
prior notice and during the Servicer’s regular business hours (provided that from and after the occurrence of any Foreclosure Event, Termination Event or Servicer Termination Event, the Administrative Agent or the Backup Servicer shall not be
required to give the foregoing notice), to periodically, at the discretion of the Administrative Agent or the Backup Servicer, review the Servicer’s collection and 

  
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administration of the Pledged Contracts in order to assess compliance by the Servicer with the Credit and Collection Policy and this Agreement and may conduct an audit of the Pledged Contracts
and the related Contract Files in conjunction with such a review. Such review may include tours of the Servicer’s facilities and discussions with management of the Servicer. Reasonable costs and expenses incurred in connection with any such
inspection conducted pursuant to this Section 7.3(l) shall be at the Servicer’s expense; provided that if no Termination Event shall have occurred and be continuing, the Administrative Agent, the Backup Servicer, the Lender
or their agents or representatives shall only be entitled to conduct two audits of the Borrower during any twelve (12) month period beginning on the date hereof and on each anniversary of the date hereof and provided, further, that if a
Termination Event shall have occurred and be continuing, the Administrative Agent, the Backup Servicer, the Lender or their agents or representatives shall be entitled to conduct four (4) audits of the Borrower during such period and if a
Foreclosure Event shall have occurred and be continuing, there shall be no limit on the number of such audits the Administrative Agent, the Backup Servicer, the Lender or their agents or representatives shall be entitled to conduct. It is
anticipated that each audit will be a full operational, legal, compliance and collateral audit and will verify among other items, the existence of Collateral, cash application, aging and eligibility, and Borrowing Base computation, will include a
litigation and regulatory review, and will confirm that internal ratings actually applied conform to underwriting standards. Each audit will also include a sample review of no less than 100 Contract files to check the accuracy of information
provided by the Borrower or the Servicer. 
 Section 7.4.    Collection of Payments.

 (a)      Payment Instructions.  On or before the Closing
Date with respect to the Contracts that are part of the Collateral as of the Closing Date, and on or before the relevant Addition Date with respect to the Subsequent Contracts, the Servicer shall have instructed all related Obligors to make all
payments in respect of the related Contracts directly to the Servicer or the Lockbox. 

(b)      Establishment of the Collection Account and Reserve
Account.    The Servicer shall cause to be established, on or before the Closing Date, and maintained in the name of the Administrative Agent, for the benefit of the Secured Parties, with a Qualified Institution which shall
initially be the Collateral Custodian, (i) the Collection Account and (ii) the Reserve Account, in each case over which the Administrative Agent shall have sole dominion and control and from which neither the Originator nor the Borrower
shall have any right of withdrawal. 
 (c)      Adjustments.  If
(i) the Servicer makes a deposit into the Collection Account in respect of a collection of a Pledged Contract and such collection was received by the Servicer in the form of a check that is not honored for any reason or (ii) the Servicer
makes a mistake with respect to the amount of any collection and deposits an amount that is less than or more than the actual amount of such collection, the Servicer shall appropriately adjust the amount subsequently deposited into the Collection
Account to reflect such dishonored check or mistake. Any Scheduled Payment in respect of which a dishonored check is received shall be deemed not to have been paid. 

  
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 Section 7.5.    [Reserved.] 

Section 7.6.    Payment of Certain Expenses by the initial Servicer. 

The initial Servicer will be required to pay all expenses incurred by it in connection with its activities under this
Agreement, including the fees and disbursements of independent certified public accountants, Taxes imposed on the Servicer, expenses incurred in connection with payments and reports pursuant to this Agreement, fees and expenses of subservicers and
agents of the Servicer and all other fees and expenses not expressly stated under this Agreement for the account of the Borrower. The initial Servicer will be required to pay all reasonable fees and expenses owing to any bank or trust company in
connection with the maintenance of the Collection Account. The initial Servicer shall be required to pay such expenses for its own account and shall not be entitled to any payment therefor other than the Servicing Fee. 

Section 7.7.    Reports. 

(a)      Monthly Report; Monthly Statement as to Compliance.  On each
Reporting Date, the Servicer will provide to the Borrower, the Administrative Agent, the Hedge Counterparty, the Collateral Custodian and the Backup Servicer (i) a Monthly Report, and (ii) an Officer’s Certificate, dated as of the
last day of the immediately preceding Collection Period, stating that (x) a review of the activities of the Servicer during such Collection Period (or since the Closing Date in the case of the first such Officer’s Certificate) and of its
performance under this Agreement has been made under such officer’s supervision and (y) to the best of such officer’s knowledge, based on such review, the Servicer has fulfilled all its obligations under this Agreement throughout such
Collection Period (or such longer period in the case of the first such Officer’s Certificate), or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and
status thereof. 
 (b)      Financial
Statements.    The initial Servicer will submit to the Administrative Agent, the Lender, the Hedge Counterparty and the Backup Servicer: 

(i)       Within one hundred and five (105) days after the end of
each of its fiscal years, audited consolidated balance sheet and related statements of earnings, shareholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous
fiscal year, all reported on by independent public accountants of recognized national standing (without a “going concern” or like qualification or exception or exception as to the scope of such audit) to the effect that such consolidated
financial statements present fairly, in all material respects, the financial position and results of operations of each of the Guarantors and its consolidated subsidiaries on a consolidated basis in accordance with GAAP. 

(ii)      Within sixty (60) days after the end of the first three
(3) fiscal quarters of each of its fiscal year, the consolidated balance sheet of each of DT Entities as at the close of each such fiscal quarter and related statements of earnings and cash flows as of the end of and for such fiscal quarter and
the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year,

  
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all certified by its chief financial officer, treasurer or controller as presenting fairly, in all material respects, the financial position and results of operations of the Guarantors and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP, subject to the normal year-end audit adjustments. 

Section 7.8.    Reserved. 

Section 7.9.    Annual Independent Public Accountant’s Reports. 

The Servicer will deliver to the Administrative Agent, on or before April 30th of each year beginning in the year
2013, a copy of a report prepared by a firm of independent certified public accountants, who may also render other services to the Servicer or any of its Affiliates, addressed to the Board of Directors of the Servicer or any of its Affiliates, and
the Administrative Agent and dated during the current year, to the effect that such firm has examined the Servicer’s policies and procedures and issued its report thereon and expressing a summary of findings (based on certain procedures
performed on the documents, records and accounting records that such accountants considered appropriate under the circumstances) relating to the servicing of the Pledged Contracts and the administration of the Pledged Contracts (including the
preparation of the Monthly Reports) during the preceding calendar year (or such longer period in the case of the first sale report) and that such servicing and administration was conducted in compliance with the terms of this Agreement, except for
(i) such exceptions as such firm shall believe to be immaterial and (ii) such other exceptions as shall be set forth in such report and that such examination (1) was performed in accordance with standards established by the American
Institute of Certified Public Accountants, and (2) included tests relating to auto loans serviced for others in accordance with the requirements of any program under which the Servicer customarily provides such reporting to other warehouse
lenders similarly situated, which may include Uniform Single Attestation Program for Mortgage Bankers, SAS 70 reports or comparable reports, in each case, to the extent the procedures in such program are applicable to the servicing obligations set
forth in this Agreement. Notwithstanding the foregoing, to the extent that in connection with public offerings, Regulation AB under the Securities Act requires the delivery of an annual attestation of a firm of independent public accountants with
respect to the assessment of servicing compliance with specified servicing criteria of the Servicer stating, among other things, that the Servicer’s assertion of compliance with the specified servicing criteria is fairly stated in all material
respects, or the reason why such an opinion cannot be expressed, the delivery of a copy of such an attestation to the Administrative Agent shall be deemed to satisfy the provisions of this Section. 

In the event such independent certified public accountants require the Collateral Custodian or the Backup Servicer to
agree to the procedures to be performed by such firm in any of the reports required to be prepared pursuant to this Section, the Servicer shall direct the Collateral Custodian or the Backup Servicer in writing to so agree; it being understood and
agreed that the Collateral Custodian or the Backup Servicer will deliver such letter of agreement in conclusive reliance upon the direction of the Servicer, and the Collateral Custodian or the Backup Servicer has not made any independent inquiry or
investigation as to, and shall have no obligation or liability in respect of, the sufficiency, validity or correctness of such procedures. 

  
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 Such report shall also indicate that the firm is “Independent” of
the Servicer and its Affiliates within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants. 
 Section 7.10.  Rights Prior to Assumption of Duties by the Backup Servicer or Designation of Successor Servicer. 

(a)      On or before each Reporting Date, the Servicer shall deliver to the Backup
Servicer an electronic file containing all information necessary to allow the Backup Servicer to review the Monthly Report related thereto and determine the following: (i) that such Monthly Report is complete on its face, (ii) that the
amounts withdrawn from the Collection Account and the balance of such account, as set forth in the records of the Servicer are the same as the amounts withdrawn from the Collection Account as set forth in the Monthly Report and (iii) the
Reserve Account Amount. The Backup Servicer shall, on the second (2nd) Business Days after receipt of the electronic file referred to in the preceding sentence, load such electronic file, confirm such computer tape or diskette is in readable form and verify the
following: (i) the aggregate Principal Balance of all Pledged Contracts as of the most recent Determination Date, (ii) the Delinquency Ratio (Managed Contracts), Delinquency Ratio (Pledged Contracts), the Net Losses Ratio (Managed
Contracts), the Net Losses Ratio (Pledged Contracts), the Extension Rate (Managed Contracts), the Extension Rate (Pledged Contracts) and the Excess Spread as of the related Determination Date, each as set forth in the Monthly Report and
(iii) the Borrowing Base as of the related Reporting Date (calculated as of the related Determination Date, or, with respect to Contracts added to the Collateral following such Determination Date, but prior to the date of such Monthly Report,
the related Cut-off Date). In the event of any discrepancy between the information set forth in the two foregoing sentences, as determined or calculated by the Servicer, from that determined or calculated by the Backup Servicer, the Backup Servicer
shall notify the Servicer of such discrepancy by the third (3rd) Business Day following receipt by the Backup Servicer of the related electronic file and, if by the Business Day following receipt by the Servicer of such notice, the Backup Servicer and the
Servicer are unable to resolve such discrepancy, the Backup Servicer shall promptly notify the Administrative Agent of such discrepancy. The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent and the
Servicer, on or before the close of business on the Business Day immediately preceding the related Payment Date. The Backup Servicer, in its capacity as such, shall not be responsible for delays attributable to the Servicer’s failure to deliver
information, defects in the information supplied by the Servicer or other circumstances beyond the control of the Backup Servicer. 
 (b)      At such time as may be requested in writing by the Administrative Agent, the Servicer shall deliver the Test Data File to the Backup Servicer, in a format acceptable
to the Backup Servicer. The Backup Servicer and the Servicer will agree upon the file layout and electronic medium to transfer such data to the Backup Servicer. The Backup Servicer shall confirm to the Servicer and the Administrative Agent in
writing that the Test Data File is in the correct format or if any changes or modifications are necessary. The Backup Servicer shall convert the Test Data File to its internal servicing system, and confirm in writing to the Servicer and the
Administrative Agent that it has received and verified the completeness of the Test Data File within 90 days of receipt of such Test Data File; provided, however, that such confirmation shall not be deemed to apply to the accuracy of
the Test Data File data as provided by the 

  
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Servicer, but shall be deemed only to apply to the accuracy of the conversion of the Test Data Files to the Backup Servicer’s internal systems. Any cost associated with the obligations of
the Backup Servicer described in this Section 7.10(b) shall be at the expense of the Servicer, and, to the extent that the Servicer does not pay such amounts, the Backup Servicer shall be entitled to recover such amounts in priority
(iv) of Section 2.7. 
 (c)      Other than as specifically set
forth elsewhere in this Agreement, the Backup Servicer shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer and shall have no Liability for any action taken or omitted by the Servicer. 

(d)      The Backup Servicer shall consult with the Servicer as may be necessary from time
to time to perform or carry out the Backup Servicer’s obligations hereunder, including the obligation, if requested in writing by the Administrative Agent, to succeed to the duties and obligations of the Servicer pursuant hereto. 

(e)      Except as provided in this Agreement, the Backup Servicer may accept and rely on
all accounting, records and work of the Servicer without audit, and the Backup Servicer shall have no Liability for the acts or omissions of the Servicer. If any error, inaccuracy or omission (collectively, “Errors”) exists
in any information received from the Servicer, and such Errors should cause or materially contribute to the Backup Servicer making or continuing any Errors (collectively, “Continued Errors”), the Backup Servicer shall have no
Liability for such Continued Errors; provided, however, that this provision shall not protect the Backup Servicer against any Liability which would otherwise be imposed by reason of willful misconduct, bad faith or gross negligence in
discovering or correcting any Error or in the performance of its duties under this Agreement. In the event the Backup Servicer becomes aware of Errors or Continued Errors, the Backup Servicer shall promptly notify the Servicer of such Errors or
Continued Errors and, with the prior consent of the Administrative Agent, shall use its best efforts to reconstruct and reconcile such data as is commercially reasonable to correct such Errors and Continued Errors and prevent future Continued
Errors. The Backup Servicer shall be entitled to recover its costs thereby expended from the Servicer (or, to the extent not paid by the Servicer, in accordance with Section 2.7). 

(f)       The Backup Servicer shall be indemnified by the Servicer and the Borrower
from and against all claims, damages, losses or expenses reasonably incurred by the Backup Servicer (including reasonable attorneys’ fees) arising out of claims asserted against the Backup Servicer by third parties on any matter arising out of
this Agreement to the extent the act or omission giving rise to the claim accrues before the date on which the Backup Servicer assumes the duties of Servicer hereunder, except for any claims, damages, losses or expenses arising from the Backup
Servicer’s own gross negligence, bad faith or willful misconduct. 

Section 7.11.  Rights After Assumption of Duties by Backup Servicer or Designation of Successor
Servicer; Liability. 
 At any time following the assumption of the duties of the Servicer by the Backup
Servicer or the designation of a Successor Servicer pursuant to Section 7.15 as a result of the occurrence of a Servicer Termination Event: 

  
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 (a)      The Servicer, on behalf of the
Borrower, shall, at the Administrative Agent’s request, (i) assemble all of the records relating to the Collateral, including all related Contract Files, and shall make the same available to the Administrative Agent at a place selected by
the Administrative Agent, and (ii) segregate all cash, checks and other instruments received by it from time to time constituting collections of Collateral in a manner acceptable to the Administrative Agent and shall, promptly upon receipt but
no later than one (1) Business Day after receipt, remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to the Administrative Agent. 

(b)      The Borrower hereby authorizes the Administrative Agent to take any and all steps
in the Borrower’s name and on behalf of the Borrower necessary or desirable, in the determination of the Administrative Agent, to collect all amounts due under any and all of the Collateral with respect thereto, including endorsing the
Borrower’s name on checks and other instruments representing Collections and enforcing the Pledged Contracts. 
 (c)      The Backup Servicer shall be liable in accordance herewith only to the extent of its obligations set forth in this Agreement or any obligations assumed by the Backup
Servicer from the Servicer pursuant to Section 7.15. Such liability is limited to only those actions taken or omitted to be taken by the Backup Servicer and caused through its gross negligence, bad faith or willful misconduct. No implied
covenants or obligations shall be read into this Agreement against the Backup Servicer and, in the absence of bad faith on the part of the Backup Servicer, the Backup Servicer may conclusively rely on the truth of the statements and the correctness
of the opinions expressed in any certificates or opinions furnished to the Backup Servicer and conforming to the requirements of this Agreement. 
 (d)      The Backup Servicer shall not be charged with knowledge of any Termination Event, Unmatured Termination Event or Foreclosure Event unless an Authorized Officer of
the Backup Servicer obtains actual knowledge of such event or the Backup Servicer receives written notice of such event from the Borrower, the Servicer or the Administrative Agent. 

(e)      The Backup Servicer shall not be required to expend or risk its own funds or
otherwise incur financial liability in the performance of its duties hereunder, or in the exercise of any of its rights or powers, if it reasonably determines that the repayment of such funds or adequate written indemnity against such risks or
liability is not available prior to the expenditure of such funds or the incurrence of financial liability. Notwithstanding any provision to the contrary, the Backup Servicer, so long as it is not the Successor Servicer, shall not be liable for any
obligation of the Servicer contained in this Agreement, and the parties shall look only to the Servicer to perform such obligations. 
 Section 7.12.  Limitation on Liability of the Servicer and Others. 
 Except as provided herein, neither the Servicer nor any of its directors or officers or employees or agents shall be under any liability to the Administrative Agent, the Secured Parties, the Backup
Servicer, the Collateral Custodian or any other Person for any action taken or for refraining from the taking of any action pursuant to this Agreement; provided, however, that this provision shall not protect the Servicer or any such
Person against any liability that would 

  
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otherwise be imposed by reason of its willful misfeasance, bad faith or negligence in the performance of duties or by reason of its willful misconduct hereunder. 

Section 7.13.  The Servicer Not to Resign. 

The Servicer shall resign only with the prior written consent of the Administrative Agent or if the Servicer provides an
Opinion of Counsel to the Administrative Agent to the effect that such Servicer is no longer permitted by law to act as Servicer hereunder. No termination or resignation of the Servicer hereunder shall be effective until a Successor Servicer,
acceptable to the Administrative Agent has accepted its appointment as Successor Servicer hereunder and has agreed to be bound by the terms of this Agreement and the Credit and Collection Policy. 

Section 7.14.  Servicer Termination Events. 

The occurrence and continuance of any one of the following events shall constitute a “Servicer Termination
Event” hereunder: 
 (a)      any failure by the Servicer to (i) deliver
any Collections or (ii) make any payment, transfer or deposit, in each case, as required by this Agreement or the other Transaction Documents to which the Servicer is a party; 

(b)      any failure by the Servicer duly to perform or observe any term, covenant or
agreement of the Servicer contained in this Agreement or the other Transaction Documents to which the Servicer is a party and such failure remains unremedied for thirty (30) calendar days after discovery by a Responsible Officer of the Servicer
or receipt of written notice of such failure from any Affected Party; 

(c)      any representation, warranty or certification made or deemed to be made by the
Servicer under this Agreement or any Transaction Document to which the Servicer is a party, or any other certificate, information or report delivered pursuant to this Agreement or any Transaction Document to which the Servicer is a party, shall
prove to have been false or incorrect in any material respect when made or deemed made or delivered, and which remains unremedied for thirty (30) calendar days after discovery by a Responsible Officer of the Servicer or receipt of written
notice of such failure from any Affected Party; 
 (d)      an Event of Bankruptcy
shall occur with respect to the Servicer; 
 (e)      a Change of Control shall
occur with respect to the Servicer; 
 (f)       a final non-appealable
judgment shall be entered against, or settlements by the Servicer or any of its material Subsidiaries by a court of competent jurisdiction assessing monetary damages in excess of $1,000,000, individually or in the aggregate, and, in the case of a
judgment, such judgment shall not have been discharged or stayed within sixty (60) calendar days; 

(g)      the Servicer fails to make any payment when due, a default occurs or any event
occurs which, with the giving of notice or the passage of time or both, would constitute a default, 

  
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under any agreement to which the Servicer is a party, and under which agreement the Servicer has outstanding Indebtedness of $1,000,000 or more; 

(h)      the Servicer fails to comply with the Credit and Collection Policy in any respect
relating to the servicing of the Pledged Contracts and such failure has a Material Adverse Effect; or 

(i)       a Termination Event or Foreclosure Event shall have occurred and shall not
have been waived. 
 Upon the occurrence of any of the foregoing, notwithstanding anything herein to the
contrary, so long as any such Servicer Termination Event shall not have been remedied within any applicable cure period or waived in writing by the Administrative Agent and the Lender, the Administrative Agent, by written notice to the Servicer
(with a copy to the Backup Servicer, each Hedge Counterparty and the Collateral Custodian) (a “Servicer Termination Notice”), may terminate all of the rights and obligations of the Servicer as Servicer under this Agreement.

 Section 7.15.  Appointment of Successor Servicer. 

(a)      On and after the receipt by the Servicer of a Servicer Termination Notice, the
Servicer shall continue to perform all servicing functions under this Agreement until the date specified in the Servicer Termination Notice or otherwise specified by the Administrative Agent in writing or, if no such date is specified in such
Servicer Termination Notice or otherwise specified by the Administrative Agent, until a date mutually agreed upon by the Servicer, the Backup Servicer and the Administrative Agent. The Administrative Agent may, in its discretion, at the time
described in the immediately preceding sentence, appoint the Backup Servicer as the Successor Servicer hereunder, and the Backup Servicer shall on such date assume all duties, liabilities and obligations of the Servicer hereunder from and after such
date, and all authority and power of the Servicer under this Agreement shall pass to and be vested in the Backup Servicer. 
 (b)      In the event that the Administrative Agent does not so appoint the Backup Servicer, there is no Backup Servicer or the Backup Servicer is unable to assume such
obligations on such date, the Administrative Agent shall as promptly as possible appoint another Person to serve as the “Successor Servicer”), and such Person shall evidence its acceptance of such appointment by a written
assumption agreement in a form acceptable to the Administrative Agent. In the event that a Successor Servicer has not accepted its appointment at the time when the Servicer ceases to act as Servicer, the Administrative Agent shall petition a court
of competent jurisdiction to appoint any established financial institution having a net worth of not less than $50,000,000 and whose regular business includes the servicing of subprime automobile contracts as the Successor Servicer hereunder.

 (c)      Upon the termination and removal of the Servicer and the assumption by
the Successor Servicer hereunder, the predecessor Servicer shall cooperate with the Successor Servicer in effecting the termination of the rights and responsibilities of the predecessor Servicer under this Agreement, including the transfer to the
Successor Servicer for administration by it of all Collections that shall at the time be held by the predecessor Servicer for deposit, or shall 

  
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thereafter be received, with respect to a Pledged Contract, and the related Accounts and Contracts Files and other records maintained by the Servicer. In the case that the Backup Servicer or any
other Successor Servicer shall not agree to perform any duties or obligations of the Servicer hereunder, such duties or obligations may be performed or delegated by the Administrative Agent. 

(d)      The Administrative Agent shall have the same rights of removal and termination for
cause with respect any Successor Servicer as with respect to DTCC as the Servicer. 

(e)      All reasonable costs and expenses (including attorneys’ fees and
disbursements) incurred by the Backup Servicer and Successor Servicer in connection with the transfer and assumption of servicing obligations hereunder from the Servicer to the Successor Servicer or Backup Servicer, converting the Servicer’s
data to such party’s computer system and amending this Agreement to reflect such succession as Servicer pursuant to this Section shall be paid by the predecessor Servicer promptly upon presentation of a written invoice setting forth reasonable
transition expenses which shall not exceed $200,000 in the aggregate as to all such Persons (the “Transition Expenses”). In no event shall the Successor Servicer, be responsible for any such Transition Expenses. If the
predecessor Servicer fails to pay the Transition Expenses, the Transition Expenses shall be payable pursuant to Section 2.7. 
 (f)       Upon its appointment and acceptance of the duties and obligations of the Servicer hereunder, the Successor Servicer, as applicable, shall be the successor in
all respects to the Servicer with respect to servicing obligations under this Agreement and shall be subject to all the responsibilities, duties and liabilities relating thereto placed on the Servicer by the terms and provisions hereof, and all
references in this Agreement to the Servicer shall be deemed to refer to the Successor Servicer; provided, however, that any Successor Servicer shall have (i) no liability with respect to any obligation which was required to be
performed by the predecessor Servicer prior to the date that the successor becomes the Successor Servicer or any claim of a third party based on any alleged action or inaction of the predecessor Servicer, (ii) no obligation to perform any
repurchase or advancing obligations, if any, of the Servicer, (iii) no obligation to pay any taxes required to be paid by the Servicer, (iv) no obligation to pay any of the fees and expenses of any other party to this Agreement and
(v) no liability or obligation with respect to any Servicer indemnification obligations of any prior Servicer, including DTCC. The indemnification obligations of the Backup Servicer, upon becoming a successor Servicer are expressly limited to
those instances of gross negligence or willful misconduct of the Backup Servicer in its role as Successor Servicer. 
 (g)      All authority and power granted to the Servicer under this Agreement shall automatically cease and terminate upon termination of this Agreement and shall pass to and
be vested in the Borrower and the Borrower is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things
necessary or appropriate to effect the purposes of such transfer of servicing rights. The Servicer agrees to cooperate with the Borrower in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the
Pledged Contracts. 

  
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 (h)      The Administrative Agent may, solely
for purposes of establishing the fee to be paid to the Backup Servicer or any other Successor Servicer after a notice of removal of the Servicer pursuant to this Article, solicit written bids (such bids to include a proposed servicer fee and
servicing transfer costs) from not less than three (3) entities experienced in the servicing of subprime automobile contracts similar to the Pledged Contracts reasonably acceptable to the Administrative Agent. Any such written solicitation
shall prominently indicate that bids should specify any applicable subservicing fees required to be paid from the Servicing Fee and that any fees and transfer costs in excess of the Servicing Fee shall be paid by the Borrower from amounts received
pursuant to Section 2.7. The Borrower may also solicit additional bids from other such entities. The Successor Servicer shall act as Servicer hereunder and shall, subject to the availability of sufficient funds in the Collection Account
pursuant to Section 2.7, receive as compensation therefor the Servicing Fee as determined pursuant to Section 7.17(a). 
 (i)      The Servicer, if other than DTCC, shall as soon as practicable upon demand, deliver to the Borrower all records in its possession which evidence or relate to
Indebtedness of an Obligor which is not a Pledged Contract. 
 Section 7.16.  Reserved. 

Section 7.17.  Wells Fargo as Successor Servicer. 

In the event that Wells Fargo becomes the Successor Servicer hereunder following the termination of DTCC as Servicer, the
following shall apply with respect to Wells Fargo, as Successor Servicer: 

(a)      Servicing Fee.    At all times that Wells Fargo or
another Person is acting as Successor Servicer hereunder, “Servicing Fee Rate” shall mean the greater of (i) 4.00% per annum and (ii) the average of three bids obtained by the Administrative Agent pursuant to
the first two sentences of Section 7.15(h). 
 (b)      Covenants;
Representations and Warranties.    The covenants and representations and warranties of DTCC, as Servicer, shall apply to Wells Fargo as Servicer but shall be deemed modified to the extent necessary to apply to Wells Fargo;
provided, however, that prior to or promptly following the Assumption Date, applicable modifications and amendments shall be agreed upon by Wells Fargo and the Administrative Agent, as contemplated by Section 7.17(i).

 (c)      Delegation of Duties.    Wells Fargo as
Servicer may delegate any or all of its duties and obligations hereunder to one or more Subservicers; provided, however, that Wells Fargo as Servicer shall at all times remain responsible for the performance of such duties and
obligations. 
 (d)      Credit and Collection Policy.  The
Credit and Collection Policy shall be amended pursuant to Section 7.17(i) to reflect the policies of Wells Fargo as Successor Servicer. 
 (e)      Servicer Obligations. 

  
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 (i)       Wells Fargo
shall have no obligation to provide investment direction pursuant to Section 2.10 or any other sections hereof requiring investment direction from the Servicer. 

(ii)      Wells Fargo shall not be responsible for any deficiency
collections or enforcement of the Borrower’s rights under the Purchase Agreement, as set forth in Section 7.3(c)(i). The Administrative Agent hereby agrees to enforce the rights of the Borrower under the Purchase Agreement.

 (f)      Re-Liening.    Wells Fargo shall not be
responsible for paying Re-Liening Expenses, as provided in Section 2.14, and such expenses shall be paid pursuant to Section 2.7. 
 (g)      Permitted Takeout Date Certificate.  The Borrower shall assume the obligations of the Servicer under Section 2.15(a)(iii). 

(h)      Termination.    Wells Fargo shall only be terminated in
accordance with this Section 7.17(h) and “Servicer Termination Events” shall mean and refer to the following on and after the Assumption Date: 

(i)      Wells Fargo shall fail to make any payment, transfer or deposit as
required under this Agreement; 
 (ii)      Wells Fargo shall fail
to observe or perform in any material respect any other covenant or agreement of the Servicer as set forth in this Agreement; 
 (iii)     a material breach of a representation, warranty or certification by Wells Fargo made by it in its role as Servicer under this Agreement; or 

(iv)     an Insolvency Event shall occur with respect to Wells Fargo.

 Upon the occurrence and continuation of a Servicer Termination Event, the Administrative Agent shall notify
Wells Fargo of such Servicer Termination Event and Wells Fargo shall have sixty (60) days thereafter to cure such breach. Should Wells Fargo fail to cure such breach, then upon the lapse of sixty (60) days thereafter or at such later time
specified by the Administrative Agent, Wells Fargo shall be removed as Servicer and a new Successor Servicer shall be appointed in accordance with the terms hereof. 

The Administrative Agent, with the consent of the Lender, may terminate Wells Fargo as Servicer hereunder in its sole
discretion, upon ninety (90) days prior written notice to Wells Fargo. 

(i)      Amendment.  Prior to or promptly following the Assumption Date,
the parties to this Agreement will enter into one or more amendments or supplements acceptable in form and content to the Backup Servicer and the Administrative Agent, providing for such modifications of this Agreement as are necessary to permit the
Backup Servicer to fulfill its responsibilities hereunder as Successor Servicer. 

  
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 Section 7.18.  Responsibilities of the Borrower. 

Anything herein to the contrary notwithstanding, the Borrower shall (i) perform all of its obligations under the
Pledged Contracts to the same extent as if a security interest in such Pledged Contracts had not been granted hereunder, and the exercise by the Administrative Agent of its rights hereunder shall not relieve the Borrower from such obligations and
(ii) pay when due, from funds available to the Borrower under Section 2.7 (xii), any Taxes, including any sales taxes payable in connection with the Pledged Contracts and their creation and satisfaction. Neither the Administrative
Agent nor any Secured Party shall have any obligation or liability with respect to any Pledged Contract, nor shall any of them be obligated to perform any of the obligations of the Borrower thereunder. 

Article VIII 
 Backup Servicer 
 Section 8.1.  Designation of the
Backup Servicer. 
 (a)      The backup servicing role with respect to the
Pledged Contracts shall be conducted by the Person appointed to act as Backup Servicer hereunder from time to time in accordance with this Section. 
 (b)      The Borrower and the Administrative Agent, on behalf of the Secured Parties, each hereby appoints and directs Wells Fargo to act as Backup Servicer, for the benefit
of the Administrative Agent and the Secured Parties. Wells Fargo hereby accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein. 

(c)      Until the receipt by Wells Fargo of a notice from the Administrative Agent of the
designation of a new Backup Servicer pursuant to Section 8.4, Wells Fargo agrees that it will not terminate its activities as Backup Servicer hereunder. 
 Section 8.2.  Duties of the Backup Servicer. 
 From the Closing Date until the earlier of (i) its removal pursuant to Section 8.4, (ii) its resignation in accordance with the provisions of Section 8.5 or (iii) the
Facility Termination Date, the Backup Servicer shall perform, on behalf of the Administrative Agent and the Secured Parties, the duties and obligations set forth in Sections 7.10 and 7.11. 

Section 8.3.  Backup Servicing Compensation. 

As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the
Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.7. The Backup Servicer’s entitlement to receive the
Backup Servicing Fee shall cease on the earliest to occur of (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.4, (iii) its resignation in accordance with the provisions of
Section 8.5 and (iv) the termination of this Agreement. 

  
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 Section 8.4.    Backup Servicer Removal. 

The Backup Servicer may be removed in connection with a breach by the Backup Servicer in any material respect of any
representation, warrant or covenant of the Backup Servicer under this Agreement, or otherwise in the discretion of the Administrative Agent, by notice given in writing and delivered to the Backup Servicer from the Administrative Agent (the
“Backup Servicer Termination Notice”). On and after the receipt by the Backup Servicer of the Backup Servicer Termination Notice, the Backup Servicer shall continue to perform all backup servicing functions under this
Agreement until the date specified in the Backup Servicer Termination Notice or otherwise specified by the Administrative Agent in writing or, if no such date is specified in the Backup Servicer Termination Notice or otherwise specified by the
Administrative Agent, until a date mutually agreed upon by the Backup Servicer and the Administrative Agent. 

Section 8.5.    The Backup Servicer Not to Resign. 

The Backup Servicer shall resign only with the prior written consent of the Administrative Agent and the Lender or if the
Backup Servicer provides an Opinion of Counsel to the Administrative Agent to the effect that the Backup Servicer is no longer permitted by law to act as Backup Servicer hereunder. No termination or resignation of the Backup Servicer hereunder shall
be effective until a successor Backup Servicer, acceptable to the Administrative Agent has accepted its appointment as successor Backup Servicer hereunder and has agreed to be bound by the terms of this Agreement and the Credit and Collection
Policy. 
 Section 8.6.    Reserved. 

Section 8.7.    Covenants of the Backup Servicer. 

From the date hereof until the Facility Termination Date: 

(a)      Compliance with Law.  The Backup Servicer will comply in all
material respects with all Applicable Laws and all of its obligations under this Agreement. 

(b)      Preservation of Existence.  The Backup Servicer will preserve and
maintain its existence, rights, franchises and privileges in the jurisdiction of its formation, and qualify and remain qualified in good standing in each jurisdiction where the failure to preserve and maintain such existence, rights, franchises,
privileges and qualification has had, or would reasonably be expected to have, a Material Adverse Effect. 
 Article IX

 The Collateral Custodian 
 Section 9.1.    Compensation and Indemnification of Collateral Custodian. 
 (a)      The Collateral Custodian shall be compensated for its activities hereunder and under the Custodial Agreement by receiving the Collateral Custodian Fee. 

  
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 (b)      The Borrower shall indemnify the
Collateral Custodian and its officers, directors, employees and agents for, and hold them harmless against any loss, liability or expense incurred, other than in connection with the willful misconduct, gross negligence or bad faith on the part of
the Collateral Custodian, arising out of or in connection with (i) the performance of its obligations under and in accordance with this Agreement, including the costs and expenses of defending itself against any claim or liability in connection
with the exercise or performance of any of its powers or duties under this Agreement and (ii) the negligence, willful misconduct or bad faith of the Borrower in the performance of its duties hereunder. All such amounts shall be payable in
accordance with Section 2.7. The provisions of this Section shall survive the termination of this Agreement. 
 THE FOREGOING INDEMNIFICATION SHALL APPLY WHETHER OR NOT SUCH LIABILITIES AND COSTS ARE IN ANY WAY OR TO ANY EXTENT OWED, IN WHOLE OR IN PART, UNDER ANY CLAIM OR THEORY OF STRICT LIABILITY, OR ARE CAUSED,
IN WHOLE OR IN PART, BY ANY NEGLIGENT ACT OR OMISSION OR ANY KIND BY THE COLLATERAL CUSTODIAN. 

Section 9.2.    Representations, Warranties and Covenants of the Collateral Custodian.

 The Collateral Custodian makes the following representations, warranties and covenants, and further
agrees that the Secured Parties shall be deemed to have relied upon such representations, warranties and covenants in entering into this Agreement: 
 (a)      Organization and Good Standing.  The Collateral Custodian is a national banking association duly organized, validly existing and in good standing
under the laws of the United States, and has full power, authority and legal right to own its properties and conduct its business as such properties are presently owned and such business is presently conducted, and to execute, deliver and perform
its obligations under the Transaction Documents to which it is a party. 

(b)      Due Authorization.  The execution, delivery, and performance of
the Transaction Documents to which it is a party have been duly authorized by the Collateral Custodian by all necessary corporate action on the part of the Collateral Custodian. 

(c)      Binding Obligation.  Each of the Transaction Documents to which
it is a party constitutes a legal, valid and binding obligation of the Collateral Custodian, enforceable in accordance with its terms, except as enforceability may be limited by applicable Insolvency Laws and except as such enforceability may be
limited by general principles of equity (whether considered in a proceeding at law or in equity). 

(d)      No Conflict.  The execution and delivery of the Transaction
Documents to which the Collateral Custodian is a party, and the performance of the transactions contemplated thereby and the fulfillment of the terms thereof applicable to the Collateral Custodian, will not conflict with, violate, result in any
breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, any Requirements of Law applicable to the Collateral Custodian or any Contractual Obligation. 

  
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 (e)      Proceedings.  No
proceeding of any kind, including litigation, arbitration, judicial or administrative, is pending or threatened against or contemplated by the Collateral Custodian which would under any circumstance have a material adverse effect on the execution,
delivery, performance or enforceability of this Agreement by the Collateral Custodian or any other Transaction Document to which the Collateral Custodian is a party. 

(f)      Control Status.  The Collateral Custodian is not an Affiliate of
either the Borrower or the initial Servicer, and covenants and agrees with the Administrative Agent that prior to any such affiliation in the future, the Collateral Custodian shall promptly notify the Administrative Agent. 

Section 9.3.    Covenants of the Collateral Custodian. 

(a)      Affirmative Covenants.  From the date hereof until the Facility
Termination Date: 
 (i)       Compliance with
Law.    The Collateral Custodian will comply in all material respects with all Applicable Laws and will comply with all of its obligations hereunder. 

(ii)      Preservation of Existence.    The
Collateral Custodian will preserve and maintain its existence, rights, franchises and privileges in the jurisdiction of its formation and qualify and remain qualified in good standing in each jurisdiction where failure to preserve and maintain such
existence, rights, franchises, privileges and qualification has had, or would reasonably be expected to have, a Material Adverse Effect. 
 (b)      Negative Covenant.  From the date hereof until the Facility Termination Date the Collateral Custodian will not assign, transfer, convey, deliver or
dispose of any Contract Files related to a Pledged Contract or other document evidencing or relating to any of the Collateral or any of the Collateral except as contemplated by this Agreement. 

Section 9.4.    Liability of the Collateral Custodian. 

(a)      The Collateral Custodian shall be liable in accordance herewith only to the extent
of the obligations specifically undertaken by the Collateral Custodian in such capacity herein. No implied covenants or obligations shall be read into this Agreement against the Collateral Custodian and, in the absence of bad faith on the part of
the Collateral Custodian, the Collateral Custodian may conclusively rely on the truth of the statements and the correctness of the opinions expressed in any certificates or opinions furnished to the Collateral Custodian pursuant to and conforming to
the requirements of this Agreement. 
 (b)      The Collateral Custodian shall not
be liable for: 
 (i)       an error of judgment made in good
faith by one of its officers; or 
 (ii)      any action taken,
suffered or omitted to be taken in good faith in accordance with or believed by it to be authorized or within the discretion or rights or powers conferred, by this Agreement or at the direction of a Secured Party relating to the exercise of any
power conferred upon the Collateral Custodian under this Agreement in 

  
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each case unless it shall be proved that the Collateral Custodian shall have been negligent in ascertaining the pertinent facts. 

(c)      The Collateral Custodian shall not be charged with knowledge of any Termination
Event, Foreclosure Event or Servicer Termination Event unless an Authorized Officer of the Collateral Custodian obtains actual knowledge of such event or the Collateral Custodian receives written notice of such event from the Borrower, the Servicer,
any Secured Party or the Administrative Agent, as the case may be. 

(d)      Without limiting the generality of this Section, the Collateral Custodian shall
have no duty (i) to see to any recording, filing or depositing of this Agreement or any agreement referred to herein or any financing statement or continuation statement evidencing a security interest in the Pledged Contracts or the related
Financed Vehicles, or to see to the maintenance of any such recording or filing or depositing or to any recording, refiling or redepositing of any thereof, (ii) to see to any insurance of the Financed Vehicles or Obligors or to effect or
maintain any such insurance, (iii) to see to the payment or discharge of any Tax, assessment or other governmental charge or any Lien or encumbrance of any kind owing with respect to, assessed or levied against, any part of the Pledged
Contracts, (iv) to confirm or verify the contents of any reports or certificates of the Servicer or the Borrower delivered to the Collateral Custodian pursuant to this Agreement believed by the Collateral Custodian to be genuine and to have
been signed or presented by the proper party or parties or (v) to inspect the Financed Vehicles at any time or ascertain or inquire as to the performance or observance of any of the Borrower’s or the Servicer’s representations,
warranties or covenants or the Servicer’s duties and obligations as Servicer and as custodian of books, records, files and computer records relating to the Pledged Contracts under this Agreement. 

(e)      The Collateral Custodian shall not be required to expend or risk its own funds or
otherwise incur financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity
against such risk or liability shall not be reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require the Collateral Custodian to perform, or be responsible for the manner of performance of, any of
the obligations of the Servicer under this Agreement. 
 (f)      The Collateral
Custodian may rely and shall be protected in acting or refraining from acting upon any resolution, Officer’s Certificate, any Monthly Report, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice,
request, consent, order, appraisal, bond or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties. 

(g)      The Collateral Custodian may consult with counsel of its choice with regard to
legal questions arising out of or in connection with this Agreement and the advice or opinion of such counsel shall be full and complete authorization and protection in respect of any action taken, omitted or suffered by the Collateral Custodian in
good faith in accordance therewith. 
 (h)      The Collateral Custodian shall be
under no obligation to exercise any of the rights, powers or remedies vested in it by this Agreement (except to comply with its obligations 

  
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under this Agreement and any other Transaction Document to which it is a party) or to institute, conduct or defend any litigation under this Agreement or in relation to this Agreement, at the
request, order or direction of the Administrative Agent pursuant to the provisions of this Agreement, unless the Administrative Agent, on behalf of the Secured Parties, shall have offered to the Collateral Custodian reasonable security or indemnity
against the costs, expenses and liabilities that may be incurred therein or thereby. 

(i)      The Collateral Custodian shall not be bound to make any investigation into the
facts of matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing so to do by a Secured Party; provided,
that if the payment within a reasonable time to the Collateral Custodian of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation shall be, in the opinion of the Collateral Custodian, not reasonably
assured by the Borrower, the Collateral Custodian may require reasonable indemnity against such cost, expense or liability as a condition to so proceeding. The reasonable expense of every such examination shall be paid by the Borrower or, if paid by
the Collateral Custodian, shall be reimbursed by the Borrower upon demand. 

(j)      The Collateral Custodian may execute any of the trusts or powers hereunder or
perform any duties under this Agreement either directly or by or through agents or attorneys or a custodian. The Collateral Custodian shall not be responsible for any misconduct or negligence of any such agent or custodian appointed with due care by
it hereunder. 
 Section 9.5.    Certain Matters Affecting the Collateral Custodian.

 (a)      The Collateral Custodian shall have no duties or responsibilities
except those that are specifically set forth herein and the Custodial Agreement, and no implied covenants or obligations shall be read into this Agreement against the Collateral Custodian. The Collateral Custodian shall be under no responsibility or
duty with respect to the disposition of any Contract Files delivered to it hereunder while such Contract Files are not in its possession. If the Collateral Custodian shall request instructions from the Administrative Agent or the Servicer with
respect to any act, action or failure to act in connection with and as set forth in this Agreement, the Collateral Custodian shall be entitled to refrain from taking such action and continue to refrain from acting unless and until the Collateral
Custodian shall have received written instructions from the Administrative Agent or the Servicer, as applicable without incurring any liability therefor to the Administrative Agent, the Borrower, the Servicer or any other person. 

(b)      The Collateral Custodian may act in reliance upon any written communication of the
Administrative Agent concerning the delivery of the Contract Files for any of the Pledged Contracts and other items of Collateral pursuant to this Agreement. The Collateral Custodian does not assume and shall have no responsibility for, and makes no
representation as to, monitoring the value of the Contract Files relating to any of the Pledged Contracts and other Collateral. The Collateral Custodian shall not be liable for any action or omission to act hereunder, except for its own gross
negligence, bad faith or willful misconduct. In no event shall the Collateral Custodian have any responsibility to ascertain or take action with respect to the 

  
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Contract Files relating to any of the Pledged Contracts or other Collateral, except as expressly provided herein. 

THE FOREGOING PARAGRAPH SHALL APPLY WHETHER OR NOT SUCH LIABILITIES ARE IN ANY WAY OR TO ANY EXTENT OWED, IN WHOLE OR IN
PART, UNDER ANY CLAIM OR THEORY OF STRICT LIABILITY, OR ARE CAUSED, IN WHOLE OR IN PART, BY ANY NEGLIGENT ACT OR OMISSION OF ANY KIND BY THE COLLATERAL CUSTODIAN. 

(c)      If the Collateral Custodian shall at any time receive conflicting instructions
from the Administrative Agent and the Servicer or any other party to this Agreement and the conflict between such instructions cannot be resolved by reference to the terms of this Agreement, the Collateral Custodian shall be entitled to rely on the
instructions of the Administrative Agent. In the absence of bad faith, gross negligence or willful misconduct on the part of the Collateral Custodian, the Collateral Custodian may rely and shall be protected in acting or refraining from acting upon
any resolution, officer’s certificate, any Monthly Report, certificate of auditors, or any other certificate, statement, instrument, opinion, report, notice request, consent, order, appraisal, bond or other paper or document believed by it to
be genuine and to have been signed or presented by the proper party or parties. The Collateral Custodian may rely upon the validity of documents delivered to it, without investigation as to their authenticity or legal effectiveness, and the Servicer
and the other parties to this Agreement will hold the Collateral Custodian harmless from any claims that may arise or be asserted against the Collateral Custodian because of the invalidity of any such documents or their failure to fulfill their
intended purpose. The Collateral Custodian shall not be bound to ascertain or inquire as to the performance or observance of any of the terms of this Agreement or any other agreement on the part of any party, except as may otherwise be specifically
set forth herein. The Collateral Custodian may consult with counsel of its choice with regard to legal questions arising out of or in connection with this Agreement and the advice or opinion of such counsel shall be full and complete authorization
and protection in respect of any action taken, omitted or suffered by the Collateral Custodian in good faith in accordance therewith. 
 (d)      In the event the Collateral Custodian loses or misplaces any Contract File related to any Pledged Contract or portion thereof, or if any such instruments, documents,
or certificates are destroyed or damaged while in the possession of the Collateral Custodian, then, in addition to any other liability the Collateral Custodian may have in respect thereof pursuant to the terms of this Agreement or otherwise, the
Collateral Custodian agrees to execute and deliver to the Administrative Agent, upon the Administrative Agent’s written request, an affidavit stating that such instrument, document, or certificate has been lost or destroyed, as applicable, and,
if necessary, such other affidavits or certificates as maybe reasonably necessary to obtain replacement certificates of title. 
 (e)      The Collateral Custodian is authorized, in its sole discretion, to disregard any and all notices or instructions given by any other party hereto or by any other
person, firm or corporation, except only such notices or instructions as are herein provided for and orders or process of any court entered or issued with or without jurisdiction. If any property subject hereto is at any time attached, garnished or
levied upon under any court order or in case the payment, assignment, transfer, conveyance or delivery of any such property shall be stayed or enjoined by 

  
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any court order, or in case any order, judgment or decree shall be made or entered by any court affecting such property or any part hereof, then and in any of such events the Collateral Custodian
is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree with which it is advised by legal counsel of its own choosing is binding upon it, and if it complies with any such order, writ, judgment or
decree it shall not be liable to any other party hereto or to any other person, firm or corporation by reason of such compliance even though such order, writ, judgment or decree maybe subsequently reversed, modified, annulled, set aside or vacated.

 Article X 
 Termination Events and Foreclosure Events 

Section 10.1.  Termination Events. 

(a)      Each of the following events shall constitute a “Termination Event”:

 (i)       failure on the part of the Borrower to make any
payment, transfer or deposit required by the terms of this Agreement or any Transaction Document to which it is a party on the day such payment or deposit is required to be made and such failure continues for more than two (2) Business Days;

 (ii)      failure by the Borrower duly to perform or observe
any term, covenant or agreement of the Borrower contained in this Agreement or the other Transaction Documents to which the Borrower is a party and such failure remains unremedied for thirty (30) calendar days after the earliest to occur of:
(1) discovery by a Responsible Officer of the Borrower of such failure, (2) the date such Responsible Officer should have discovered such failure, and (3) receipt of a written notice of such failure from the Administrative Agent;

 (iii)     any representation, warranty or certification made or
deemed to be made by the Borrower under this Agreement or any Transaction Document to which the Borrower is a party, or any Monthly Report or any information required to be given by the Borrower or the Originator to the Administrative Agent to
identify Contracts pursuant to any Transaction Document to which Borrower is a party, shall prove to have been false or incorrect in any material respect when made or deemed made or delivered, and which remains unremedied for thirty
(30) calendar days following the earliest to occur of: (1) discovery by a Responsible Officer of the Borrower of such failure, (2) the date such Responsible Officer should have discovered such failure, and (3) receipt of a
written notice of such failure from the Administrative Agent; 

(iv)     an Event of Bankruptcy shall occur with respect to the Borrower;

 (v)      on any day a Borrowing Base Deficiency shall occur
and, by the earlier of (A) the next Payment Date and (B) the fifth (5th) Business Day after such Borrowing Base Deficiency first occurs, such Borrowing Base Deficiency is not cured; 

  
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 (vi)     the occurrence of a
Material Adverse Effect with respect to the Borrower or the Servicer; 

(vii)    the Internal Revenue Service shall file notice of a Lien pursuant to
Section 6323 of the Code with regard to any assets of the Borrower or the Servicer, or the Pension Benefit Guaranty Corporation shall file notice of a Lien pursuant to Section 4068 of ERISA with regard to any of the assets of the Borrower
or the Servicer; 
 (viii)   the Administrative Agent shall fail for any reason
to have a first priority perfected security interest in all or any portion of the Collateral; 

(ix)     (A)  any Transaction Document, or any Lien granted
thereunder, shall (except in accordance with its terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of the Borrower or the Servicer, (B) the Borrower, the Servicer
or any other Person shall, directly or indirectly, contest in any manner such effectiveness, validity, binding nature or enforceability or (C) any security interest securing any obligation under any Transaction Document shall, in whole or in
part, cease to be perfected first priority security interest; 

(x)      a Change of Control shall occur with respect to the Borrower;

 (xi)     failure to deliver any Monthly Report within five
(5) Business Days of the date when due; 
 (xii)    the average of the
Delinquency Ratio (Managed Contracts) for any Measurement Date and the two immediately preceding Measurement Dates exceeds 12.50%; 
 (xiii)   the average of the Delinquency Ratio (Pledged Contracts) for any Measurement Date and the two immediately preceding Measurement Dates exceeds 12.50%; 

(xiv)   the average of the Net Losses Ratios (Managed Contracts) as of the last day of any
Accounting Period and the last day of each of the two immediately preceding Accounting Periods exceeds 3.50%; 
 (xv)    the average of the Net Losses Ratios (Pledged Contracts) for any Accounting Period related to such Determination Date and the two immediately preceding Accounting Periods
exceeds 3.50%; 
 (xvi)   the Extension Rate (Managed Contracts) for any
Measurement Date and the two immediately preceding Measurement Dates exceeds 7.00%; 

(xvii)  the Extension Rate (Pledged Contracts) for any Measurement Date and the two immediately
preceding Measurement Dates exceeds 7.00%; 
 (xviii) the Excess Spread for any
Determination Date is less than 5.00%. 

  
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 (xix)   Available Cash on the last Business
Day of any Accounting Period is less than $15 million; 
 (xx)    Available
Liquidity on any day is less than $20 million; 
 (xxi)   Net Worth on any day is
less than the Required Net Worth; 
 (xxii)  the Leverage Ratio on the last day of any
Collection Period exceeds 5.0:1.0; 
 (xxiii) the Borrower shall be required to be
registered as an “Investment Company” under the Investment Company Act or the arrangements contemplated by the Transaction Documents shall require the Borrower to register as an “Investment Company” under the Investment Company
Act; 
 (xxiv)  on any Funding Date, the amount on deposit in the Reserve Account is
less than the Reserve Account Required Amount (after giving effect to the related Loan or Loans); and 
 (xxv)   the occurrence of a default under any Loan made by any Affiliate of the Lender to DTAC, DTAG or any DT Entity. 

(b)      In addition to and not in limitation of any other provision of this Agreement,
upon the occurrence of any Termination Event (i) the Termination Date shall, without demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrower, occur, (ii) the Lender shall have no further obligation
hereunder to make any Loan, (iii) all proceeds from the Pledge Contracts and the other Collateral will be applied in accordance with the provisions of Section 2.7 and (iv) the Administrative Agent, on behalf of the Lender, may
direct the application of funds from the Reserve Account to repay any portion or all of the Note Balance. 

(c)      Upon and following the occurrence of a Termination Event, the Administrative Agent
may, without notice to the Borrower except as required by law and at any time or from time to time, charge, set-off and otherwise apply all or any part of the Note Balance, any Interest accrued thereon and or any other amount due and owing to any
Secured Party against amounts payable to the Borrower from the Reserve Account, the Collection Account or any part of such accounts in accordance with and subject to the priorities required by Section 2.7. 

(d)      Upon and following the occurrence of a Termination Event, the Administrative Agent
may take any action permitted under the Transaction Documents. 
 (e)      Upon
and following the occurrence of a Termination Event, the Lender may replace the Servicer with the Backup Servicer or another successor servicer. 
 Section 10.2.  Foreclosure Events. 

(a)      Each of the following events shall constitute a “Foreclosure Event”:

  
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 (i)       on any day
following the occurrence of a Termination Event, the percentage equivalent of a fraction, the numerator of which is the Note Balance at such time and the denominator of which is the Net Principal Balance as of the day such Termination Event occurs
shall be greater than or equal to the sum of (A) the then current Advance Rate and (B) 5.00%; 
 (ii)      the failure of the Borrower to make any payment or deposit (other than any principal payment) required by the terms of this Agreement or any Transaction Document to
which it is a party on the day such payment or deposit is required to be made and such failure continues for more than two (2) Business Days; 

(iii)     the delivery of a Servicer Termination Notice to the Servicer as a
result of the occurrence of (A) a Servicer Termination Event of the type described in any of Sections 7.14(a), (c) or (d) or (B) a Servicer Termination Event of the type described in
Section 7.14(b) if such Servicer Termination Event occurred as a result of the failure of the Servicer to perform or observe any material term, covenant or agreement set forth in any of Sections 6.4 or 6.5 of this Agreement
(except that the materiality standard in this clause (ii) shall not apply to any term, covenant or agreement set forth in any of Sections 6.4 or 6.5 of this Agreement that is qualified by a materiality standard or by reference to
the existence or absence of a Material Adverse Effect by its terms) 

(iv)     reserved; 

(v)      any creditor of a DT Entity takes any action against its
collateral; 
 (vi)     (a) the occurrence of an Event of Bankruptcy of
the type described in clause (i) of the definition thereof with respect to any DT Entity or the Borrower or (b) following the occurrence of an Event of Bankruptcy of the type described in clause (ii) of the definition thereof with
respect to any DT Entity or the Borrower, any Person shall challenge the sales, contributions or other transfers from the Originator to the Borrower or the security interests created under the Transaction Documents, or contest or support any other
Person in contesting, in any proceeding (including any insolvency or liquidation proceedings), the absolute characterization of such conveyances on any basis or legal theory, including, without limitation, on the grounds that such sales,
contributions or transfers were financings or fraudulent conveyances or otherwise, or assert that any DT Entity and the Borrower should be substantively consolidated with any other Person; 

(vii)    reserved; 

(viii)   any creditor of a DT Entity gives notice of an intent to foreclose upon,
forecloses upon, or otherwise exercises creditor’s rights with respect to, its collateral; 

(ix)     any holder of Indebtedness with a principal amount in excess of
$20,000,000 (other than any lender party to the Inventory Facility or any replacement thereof) and principally secured by Contracts gives notice of an intent to foreclose upon, forecloses upon, or otherwise exercises its rights with respect to any
portion of its collateral, including without limitation, as a result of the occurrence of a “Foreclosure 

  
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Event” under (A) the Loan and Servicing Agreement, dated as of April 1, 2010, by and among DT Warehouse III, LLC, the Servicer, the Backup Servicer, Paying Agent and Securities
Intermediary, the lenders and managing agents party thereto and UBS Real Estate Securities Inc., (B) the Amended and Restated Loan and Servicing Agreement, dated as of July 31, 2009, by and among DT Warehouse, LLC, the Servicer, the Backup
Servicer, Paying Agent and Securities Intermediary, the lenders and managing agents party thereto and Deutsche Bank AG, New York Branch, (C) the Loan and Servicing Agreement, dated as of July 23, 2010, by and among DT Warehouse IV, LLC,
the Servicer, the Backup Servicer, Paying Agent and Securities Intermediary, the lenders and managing agents party thereto and The Royal Bank of Scotland plc, in each case as the same may have been or may be amended, restated, supplemented or
otherwise modified from time to time, (D) any facility or Indebtedness similar to any of the facilities referred to in subclauses (A), (B) or (C) of this clause (ix) or (E) any amendment, modification, restatement, successor
or replacement to or of any of the facilities referred to in this clause (ix); 

(x)      the Originator shall cease to own, directly or indirectly, 51% or
more of the issued and outstanding membership interests of the Borrower; or 

(xi)     any of (A) the Performance Guaranty shall cease to be a legal,
valid and binding obligation of DTAG or DTAC, enforceable in accordance with its terms or (B) any Person shall seek to render the Performance Guaranty unenforceable against DTAC or DTAG, as applicable. 

(b)      Upon the occurrence of a Foreclosure Event, (i) all Loans and all other
amounts owing by the Borrower under this Agreement shall be accelerated and become immediately due and payable, (ii) the Termination Date shall, without demand, protest or notice of any kind, all of which are hereby expressly waived by the
Borrower, occur, (iii) all proceeds from the Pledge Contracts and the other Collateral will be applied in accordance with the provisions of Section 2.7 and (iv) the Administrative Agent, on behalf of the Lender, may direct the
application of funds from the Reserve Account to repay any portion or all of the Note Balance. 

(c)      In addition to and not in limitation of any other provision of this Agreement,
upon the occurrence of a Foreclosure Event, the Administrative Agent may, or at the direction of the Lender, shall, exercise in respect of the Collateral, in addition to any and all other rights and remedies otherwise available to it, including
rights available hereunder and all of the rights and remedies of a secured party upon default under the UCC (such rights and remedies to be cumulative and nonexclusive), including without limitation, the public or private sale in one or more parcels
or transactions of any portion or all of the Collateral. 
 (d)      The
Administrative Agent may, without notice to the Borrower except as required by law and at any time or from time to time, charge, set-off and otherwise apply all or any part of the Note Balance, any Interest accrued thereon and or any other amount
due and owing to any Secured Party against amounts payable to the Borrower from the Reserve Account, the Collection Account or any part of such accounts in accordance with and subject to the priorities required by Section 2.7;

  
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 (e)      The Administrative Agent may take any
action permitted under the Transaction Documents; 
 (f)      Subject to the
provisions of Section 2.5(b), consistent with the rights and remedies of a secured party under the UCC (and except as otherwise required by the UCC), the Administrative Agent may, without notice except as specified below, solicit and
accept bids for and sell the Collateral or any part of the Collateral in one or more parcels at public or private sale, at any exchange, broker’s board or at the Administrative Agent’s offices or elsewhere, for cash, on credit or for
future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable, and the Administrative Agent shall apply the proceeds from the sale of the Collateral to any amounts payable by the Borrower with respect to the
Obligations in accordance with the priorities required by Section 2.7. The Borrower agrees that, to the extent notice of sale shall be required by law, at least ten Business Days’ notice to the Borrower (with a copy to each Secured
Party) of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Administrative Agent shall not be obligated to make any sale of Collateral regardless of notice of
sale having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed for such sale, and such sale may, without further notice, be made at the time and place to which it
was so adjourned. Every such sale shall operate to divest all right, title, interest, claim and demand whatsoever of the Borrower in and to the Collateral so sold, and shall be a perpetual bar, both at law and in equity, against the Borrower or any
Person claiming the Collateral sold through the Borrower and its successors or assigns. 

(g)      Upon the completion of any sale under Section 10.2(f), the Borrower
will deliver or cause to be delivered all of the Collateral sold to the purchaser or purchasers at such sale on the date of sale, or within a reasonable time thereafter if it shall be impractical to make immediate delivery, but in any event full
title and right of possession to such property shall pass to such purchaser or purchasers forthwith upon the completion of such sale. Nevertheless, if so requested by the Administrative Agent or by any purchaser, the Borrower shall confirm any such
sale or transfer by executing and delivering to such purchaser all proper instruments of conveyance and transfer and release as may be designated in any such request. 

(h)      At any sale under Section 10.2(f), the Originator, the Administrative
Agent or any Secured Party may bid for and purchase the property offered for sale and, upon compliance with the terms of sale, may hold, retain and dispose of such property without further accountability therefor. Any Secured Party purchasing
property at a sale under Section 10.2(f) may set off the purchase price of such property against amounts owing to such Secured Party in payment of such purchase price up to the full amount owing to such Secured Party. 

(i)      The Administrative Agent may exercise at the Borrower’s sole expense any and
all rights and remedies of the Borrower under or in connection with the Collateral, including without limitation the Performance Guaranty. 
 Section 10.3.  Exercise of Remedies. 

No failure or delay on the part of the Administrative Agent to exercise any right, power or privilege under this
Agreement and no course of dealing between the Borrower, the Secured 

  
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Parties or the Administrative Agent, on the one hand, and the Administrative Agent, on the other hand, shall operate as a waiver of such right, power or privilege, nor shall any single or partial
exercise of any right, power or privilege under this Agreement preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege. The rights and remedies expressly provided in this
Agreement are cumulative and not exclusive of any rights or remedies which the Administrative Agent or the Secured Parties would otherwise have pursuant to law or equity. No notice to or demand on any party in any case shall entitle such party to
any other or further notice or demand in similar or other circumstances, or constitute a waiver of the right of the other party to any other or further action in any circumstances without notice or demand. 

Section 10.4.  Waiver of Certain Laws. 

The Borrower agrees, to the full extent that it may lawfully so agree, that neither it nor anyone claiming through or
under it will set up, claim or seek to take advantage of any appraisal, valuation, stay, extension or redemption law now or hereafter in force in any locality where any Collateral may be situated in order to prevent, hinder or delay the enforcement
or foreclosure of this Agreement, or the absolute sale of any of the Collateral or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and the Borrower, for itself and
all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawful so to do, the benefit of all such laws, and any and all right to have any of the properties or assets constituting the Collateral marshaled
upon any such sale, and agrees that the Administrative Agent or any court having jurisdiction to foreclose the security interests granted in this Agreement may sell the Collateral as an entirety or such parcels as the Administrative Agent or such
court may determine. 
 Section 10.5.  Power of Attorney. 

The Borrower hereby irrevocably appoints the Administrative Agent its true and lawful attorney (with full power of
substitution) in its name, place and stead and at its expense, in connection with the enforcement of the rights and remedies provided for in this Article, including: (i) to give any necessary receipts or acquittance for amounts collected or
received hereunder, (ii) to make all necessary transfers of the Collateral in connection with any sale or other disposition made pursuant hereto, (iii) to execute and deliver for value all necessary or appropriate bills of sale,
assignments and other instruments in connection with any such sale or other disposition, the Borrower thereby ratifying and confirming all that such attorney (or any substitute) shall lawfully do hereunder and pursuant hereto and (iv) to sign
any agreements, orders or other documents in connection with or pursuant to any Transaction Document. Nevertheless, if so requested by the Administrative Agent or a purchaser of any of the Collateral, the Borrower shall ratify and confirm any such
sale or other disposition by executing and delivering to the Administrative Agent or such purchaser all proper bills of sale, assignments, releases and other instruments as may be designated in any such request. 

  
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 Article XI 
 Indemnification 
 Section 11.1.  Indemnities by the
Borrower. 
 Without limiting any other rights which the Collateral Custodian, the Backup Servicer, the
Administrative Agent, the Lender or its assignee or any of their respective Affiliates may have hereunder or under applicable law, the Borrower hereby agrees to indemnify the Collateral Custodian, the Backup Servicer, the Administrative Agent, each
Secured Party or its assignee and each of their respective Affiliates and officers, directors, employees and agents thereof (collectively, the “Indemnified Parties”) from and against any and all damages, losses, claims,
liabilities and related costs and expenses, including reasonable attorneys’ fees and disbursements (collectively, the “Indemnified Amounts”) awarded against or incurred by, any such Indemnified Party or other
non-monetary damages of any such Indemnified Party arising out of or as a result of this Agreement, excluding, however, Indemnified Amounts to the extent resulting from the breach, gross negligence, bad faith or willful misconduct on the part of any
Indemnified Party. Without limiting the foregoing, the Borrower shall indemnify the Indemnified Parties for Indemnified Amounts relating to or resulting from: 

(i)       any Pledged Contract represented by the Borrower to be an
Eligible Contract which is not at the applicable time an Eligible Contract; 

(ii)      reliance on any representation or warranty made or deemed made by
the Borrower, the Servicer, any of their respective Affiliates or any of their respective officers under or in connection with this Agreement, which shall have been false or incorrect in any material respect when made or deemed made or delivered;

 (iii)     the failure by the Borrower to comply with any term,
provision or covenant contained in this Agreement or any other Transaction Document or a failure by the Borrower, the Originator or the Servicer to comply with any term, provision or covenant contained in any agreement executed in connection with
this Agreement or any other Transaction Document, or with any Applicable Law with respect to any Pledged Contract, the related Financed Vehicle or the non-conformity of any Pledged Contract with any such Applicable Law and any failure by the
Originator or any DT Entity to perform its respective duties under the Pledged Contracts; 

(iv)     the failure to vest and maintain vested in the Administrative Agent a
valid and enforceable first priority perfected security interest in any or all of the Collateral; 
 (v)      the failure to file, or any delay in filing, financing statements or other similar instruments or documents under the UCC of any applicable jurisdiction or other
applicable laws with respect to the Collateral, whether at the time of a Loan or at any subsequent time and as required by the Transaction Documents; 

(vi)     any dispute, claim, offset or defense (other than the discharge in
bankruptcy of the Obligor) of the Obligor to the payment of any Pledged Contract comprising a portion of the Collateral which is, or is purported to be, an Eligible Contract 

  
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(including a defense based on the Pledged Contract not being a legal, valid and binding obligation of such Obligor enforceable against it in accordance with its terms); 

(vii)    any failure by the Borrower to perform its duties or obligations in
accordance with the provisions of this Agreement; 
 (viii)   any products
liability claim or personal injury or property damage suit or other similar or related claim or action of whatever sort arising out of or in connection with any Pledged Contract or the related Financed Vehicle; 

(ix)     the failure by the Borrower to pay when due any Taxes for which the
Borrower is liable, including sales, excise or personal property taxes payable in connection with the Collateral; 
 (x)      any repayment by the Administrative Agent or a Secured Party of any amount previously distributed in reduction of the Note Balance or payment of Interest, any
obligation or any other amount due hereunder or under any Hedging Agreement, in each case which amount such entity believes in good faith is required to be repaid; 

(xi)     any litigation, proceeding or investigation before any Governmental
Authority (A) in respect of any Pledged Contract included as part of the Collateral or the related Financed Vehicle included as part of the Collateral, (B) relating to the use of the proceeds of any Loan or (C) related to this
Agreement (1) that is not commenced by the Indemnified Party or (2) if so commenced, in which such Indemnified Party is not the prevailing party; provided, that no Indemnified Party shall be entitled to any indemnification for any
item described in this clause resulting from such Indemnified Party’s gross negligence or willful misconduct; 
 (xii)    the use of the proceeds of any Loan; 
 (xiii)   any failure by the Borrower to give reasonably equivalent value to the Originator in consideration for the transfer by the Originator to the Borrower of any of the Pledged
Contracts and the related Collateral or any attempt by any Person to void or otherwise avoid any such transfer under any statutory provision or common law or equitable action, including any provision of any Insolvency Laws; 

(xiv)   the failure of the Borrower to remit to the Servicer or the Administrative Agent,
Collections remitted to the Borrower in accordance with the terms hereof or the commingling by the Borrower of any Collections with other funds; or 

(xv)    any and all civil penalties or fines assessed by OFAC against, and all
reasonable costs and expenses (including attorneys’ fees and disbursements) incurred in connection with the defense thereof by the Administrative Agent or the Lender or Agent as a result of funding all or any portion of the Loans or the
acceptance of payments or of Collateral due under the Transaction Documents. 
 Notwithstanding the foregoing,
in no event shall any Indemnified Party be indemnified against: (i) Excluded Taxes; or (ii) except as otherwise provided herein, (A) nonpayment by an 

  
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Obligor of an amount due and payable with respect to a Pledged Contract or (B) any loss in value of any Financed Vehicle or Eligible Investment due to changes in market conditions or for
other reasons beyond the control of the Servicer or the Borrower. 
 Section 11.2.  Indemnities by the
Servicer. 
 Without limiting any other rights which the Collateral Custodian, the Backup Servicer, the
Administrative Agent, the Lender or its assignee or any of their respective Affiliates may have hereunder or under applicable law, the Servicer hereby agrees to indemnify the Indemnified Parties from and against any and all Indemnified Amounts
awarded against or incurred by, any such Indemnified Party or other non-monetary damages of any such Indemnified Party relating to or arising from any of the following, excluding, however, Indemnified Amounts to the extent resulting from the gross
negligence, bad faith or willful misconduct on the part of any Indemnified Party: 

(i)       any breach of representation or warranty made or deemed made
by the Servicer under or in connection with this Agreement, in any material respect; 

(ii)      the failure by the Servicer to comply with any term, provision or
covenant contained in this Agreement or any other Transaction Document or a failure by the Servicer to comply with any term, provision or covenant contained in any agreement executed in connection with this Agreement or any other Transaction
Document, or with any Applicable Law with respect to any Pledged Contract, the related Financed Vehicle or the non-conformity of any Pledged Contract with any such Applicable Law and any failure by the Originator or any DT Entity to perform its
respective duties under the Pledged Contracts; 
 (iii)     any failure
by the Servicer to perform any of its other duties or obligations in accordance with the provisions of this Agreement; 
 (iv)     any litigation, proceeding or investigation before any Governmental Authority with respect to the Servicer; or 

(v)      the commingling by the Servicer of any Collections with other
funds. 
 Article XII 
 The Administrative Agent 

Section 12.1.  Authorization and Action. 

(a)      The Lender and each Secured Party hereby designates and appoints WFS (and WFS
accepts such designation and appointment) as Administrative Agent hereunder, and authorizes the Administrative Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms of
this Agreement together with such powers as are reasonably incidental thereto. In performing its functions and duties hereunder, the Administrative Agent shall act solely as agent for the Secured Parties and does not assume nor shall be deemed to
have assumed any obligation or relationship of trust or 

  
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agency with or for the Borrower or any of its successors or assigns. The Administrative Agent shall not be required to take any action which exposes it to personal liability or which is contrary
to this Agreement or Applicable Law. The appointment and authority of the Administrative Agent hereunder shall terminate at the indefeasible payment in full of the Aggregate Unpaids. 

(b)      Notwithstanding any provision to the contrary elsewhere in this Agreement, the
Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with the Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities
shall be read into this Agreement or otherwise exist against the Administrative Agent. 

(c)      The Administrative Agent shall promptly distribute to the Lender all notices,
requests for consent and other information received by the Administrative Agent under this Agreement. 

Section 12.2.  Delegation of Duties. 

The Administrative Agent may execute any of its duties under any of the Transaction Documents by or through agents or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with
reasonable care. 
 Section 12.3.  Exculpatory Provisions. 

Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be (i) liable for any
action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct or, in the case of the Administrative Agent, the breach of
its obligations expressly set forth in this Agreement) or (ii) responsible in any manner to any of the Secured Parties for any recitals, statements, representations or warranties made by the Borrower, the Servicer, the Backup Servicer, the
Originator or the Collateral Custodian contained in this Agreement or in any certificate, report, statement or other document referred to or provided for in, or received under or in connection with, this Agreement or any other Transaction Document
to which it is a party for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other document furnished in connection herewith, or for any failure of the Borrower to perform its obligations
hereunder, or for the satisfaction of any condition specified in Article Four. The Administrative Agent shall not be under any obligation to any Secured Party to ascertain or to inquire as to the observance or performance of any of the agreements or
covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Borrower. The Administrative Agent shall not be deemed to have knowledge of any Termination Event, Foreclosure Event or Servicer
Termination Event unless it has received written notice thereof from the Borrower, the Servicer or a Secured Party. 

Section 12.4.  Reliance. 

(a)      The Administrative Agent shall be entitled to rely, and shall be fully protected
in relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, 

  
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telegram, telecopy, telex or teletype message, written statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Administrative Agent), independent accountants and other experts selected by the Administrative Agent. 

(b)      The Administrative Agent shall be fully justified in failing or refusing to take
any action under any of the Transaction Documents unless it shall first receive such advice or concurrence of the Lender as it deems appropriate or it shall first be indemnified to its satisfaction by the Lender against any and all liability and
expense which may be incurred by it by reason of taking or continuing to take any such action. 

(c)      The Administrative Agent shall in all cases be fully protected in acting, or in
refraining from acting, under any of the Transaction Documents in accordance with a request of the Lender and such request and any action taken or failure to act pursuant thereto shall be binding upon all present and future Lenders. 

(d)      The Administrative Agent shall in all cases be fully protected in acting, or in
refraining from acting, under any of the Transaction Documents in accordance with a request of the Lender. 

(e)      The Administrative Agent shall not be deemed to have knowledge or notice of the
occurrence of any breach of this Agreement or the occurrence of any Termination Event; Foreclosure Event or Servicer Termination Event unless it has received notice from the Borrower, the Servicer, the Backup Servicer or the Lender, referring to
this Agreement and describing such event. In the event that the Administrative Agent receives such a notice, it shall promptly give notice thereof to the Lender. The Administrative Agent shall take such action with respect to such event as shall be
reasonably directed by the Lender and the Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Lender. 
 Section 12.5.  Non-Reliance on Administrative Agent. 
 The Lender expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to
it and that no act by the Administrative Agent hereafter taken, including any review of the affairs of the Borrower, the Originator, the Servicer, the Backup Servicer, the Originator and the Collateral Custodian shall be deemed to constitute any
representation or warranty by the Administrative Agent to the Lender. The Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent, and based on such documents and information as it
has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrower, the Servicer, the Originator, the Backup Servicer and the Collateral
Custodian and the Contracts and made its own decision to purchase its interest in the Note hereunder and enter into this Agreement. The Lender also represents that it will, independently and without reliance upon the Administrative Agent, and based
on such documents and information as it shall deem appropriate at the time, continue to make its own 

  
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analysis, appraisals and decisions in taking or not taking action under any of the Transaction Documents, and to make such investigation as it deems necessary to inform itself as to the business,
operations, property, financial and other condition and creditworthiness of the Borrower, the Servicer, the Originator, the Backup Servicer and the Collateral Custodian and the Contracts. Except for notices, reports and other documents received by
the Administrative Agent hereunder, the Administrative Agent shall have no duty or responsibility to provide the Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects
or creditworthiness of the Borrower, the Servicer, the Originator, the Backup Servicer and the Collateral Custodian or the Contracts which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents,
attorneys-in-fact or affiliates. 
 Section 12.6.  Indemnification. 

The Lender agrees to indemnify the Administrative Agent in its capacity as such (without limiting the obligation (if any)
of the Borrower or the Servicer to reimburse the Administrative Agent for any such amounts), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
whatsoever which may at any time (including at any time following the payment of the obligations under this Agreement, including the Note Balance) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or
arising out of this Agreement, or any documents contemplated by or referred to herein or the transactions contemplated hereby or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing;
provided that the Lender shall not be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of the Administrative Agent resulting from
its own gross negligence or willful misconduct. The provisions of this Section shall survive the payment of the obligations under this Agreement, including the Note Balance, the termination of this Agreement, and any resignation or removal of the
Administrative Agent. 
 Section 12.7.  Administrative Agent in its Individual Capacity.

 The Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage
in any kind of business with the Borrower and any other party to a Transaction Document as though it were not the Administrative Agent hereunder. None of the provisions to this Agreement shall require the Administrative Agent to expend or risk its
own funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such
funds or indemnity satisfactory to it against such risk or liability is not assured to it. 

Section 12.8.  Successor Agents. 

The Administrative Agent may resign as Administrative Agent upon thirty (30) days’ notice to the Lender and the
Borrower with such resignation becoming effective upon a successor agent succeeding to the rights, powers and duties of the Agent pursuant to this Section. If the Administrative Agent shall resign as Administrative Agent under this Agreement, then
the 

  
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Lender shall appoint a successor administrative agent, which may be the Lender. Any successor administrative agent shall succeed to the rights, powers and duties of resigning Administrative
Agent, and the term “Administrative Agent” shall mean such successor administrative agent effective upon its appointment, and the former Administrative Agent’s rights, powers and duties as Agent shall be terminated,
without any other or further act or deed on the part of the former Administrative Agent or any of the parties to this Agreement. After the retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Article shall
inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement. 
 Article
XIII 
 Assignments; Participations 
 Section 13.1.  Assignments and Participations. 
 (a)      The Lender agrees that the Note issued to the Lender pursuant to this Agreement will be acquired for investment only and not with a view to any public distribution
thereof, and that such Lender will not offer to sell or otherwise dispose of the Note or the interest therein so acquired by it (or any interest therein) in violation of any of the registration requirements of the Securities Act or any applicable
State securities laws. The Lender hereby confirms and agrees that, in connection with any syndication, offering, transfer or sale by it of any interest in the Note, it has not engaged and will not engage in a general solicitation or general
advertising. 
 (b)      The Lender may upon at least thirty (30) days’
notice to the Borrower and the Administrative Agent, assign to one or more banks or other entities all or a portion of its rights and obligations under this Agreement; provided, however, that (i) each such assignment shall be of a
constant, and not a varying percentage of all of the assigning Lender’s rights and obligations under this Agreement, (ii) the amount of the Commitment of the assigning Lender being assigned pursuant to each such assignment (determined as
of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than the lesser of (A) $5,000,000 or an integral multiple of $1,000,000 in excess of that amount and (B) the full amount of the
assigning Lender’s Commitment, (iii) each such assignment shall be to an Eligible Assignee, (iv) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Lender
Register, an Assignment and Acceptance, together with a processing and recordation fee of $3,500 or such lesser amount as shall be approved by the Administrative Agent, (v) the parties to each such assignment shall have agreed to reimburse the
Administrative Agent for all reasonable fees, costs and expenses (including the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent) incurred by the Administrative Agent in connection with such assignment,
(vi) each Person that becomes a Lender under an Assignment and Acceptance shall agree to be bound by the confidentiality provisions of Article Fourteen and (vii) there shall be no increased costs, expenses or Taxes incurred by the
Administrative Agent or the Borrower upon assignment or participation. Upon such execution, delivery and acceptance by the Administrative Agent and the recording by the Administrative Agent, from and after the effective date specified in each
Assignment and Acceptance, which effective date shall be the date of acceptance thereof by the Administrative Agent, unless a later date is specified therein, (i) the assignee thereunder shall be a party hereto

  
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and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and
(ii) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement
(and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto). 

(c)      By executing and delivering an Assignment and Acceptance, the Lender assignor
thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any
other instrument or document furnished pursuant hereto; (ii) such assignee confirms that it has received a copy of this Agreement, together with copies of such financial statements and other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iii) such assignee will, independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (iv) such assigning Lender and such assignee confirm that such
assignee is an Eligible Assignee; (v) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to such agent by the terms hereof,
together with such powers as are reasonably incidental thereto; and (vi) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as
a Lender. 
 (d)      The Administrative Agent shall maintain at its address
referred to herein a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names, addresses and Commitment of the Lender and the Principal Amount of each Loan made by the Lender from time to
time (the “Lender Register”). The entries in the Lender Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower, the Collateral Custodian and the Lender may treat each Person whose
name is recorded in the Lender Register as a Lender hereunder for all purposes of this Agreement. The Lender Register shall be available for inspection by the Lender at any reasonable time and from time to time upon reasonable prior notice.

 (e)      Subject to the provisions of Sections 13.1(a) and (b),
upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee, the Administrative Agent shall, if such Assignment and Acceptance has been completed, accept such Assignment and Acceptance, and the Administrative
Agent shall then record the information contained therein in the Lender Register. 

(f)      The Lender may sell participations to one or more banks or other entities in or to
all or a portion of its rights and obligations under this Agreement (including all or a portion of 

  
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the Commitment and each Loan owned by it); provided, however, that (i) the Lender’s obligations under this Agreement (including its Commitment hereunder) shall remain
unchanged, (ii) the Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Servicer and the Administrative Agent shall continue to deal solely and directly
with the Lender in connection with the Lender’s rights and obligations under this Agreement. Notwithstanding anything herein to the contrary, each participant shall have the rights of a Lender (including any right to receive payment) under
Sections 2.12 and 2.13; provided, however, that no participant shall be entitled to receive payment under either such Section in excess of the amount that would have been payable under such Section by the Borrower to the
Lender granting its participation had such participation not been granted, and the Lender so granting a participation shall not be entitled to receive payment under either such Section in an amount which exceeds the sum of (i) the amount to
which the Lender is entitled under such Section with respect to any portion of any Loan owned by the Lender which is not subject to any participation plus (ii) the aggregate amount to which its participants are entitled under such Sections with
respect to the amounts of their respective participations. With respect to any participation described in this Section, the participant’s rights as set forth in the agreement between such participant and the Lender to agree to or to restrict
such Lender’s ability to agree to any modification, waiver or release of any of the terms of this Agreement or to exercise or refrain from exercising any powers or rights which the Lender may have under or in respect of this Agreement shall be
limited to the right to consent to any of the matters set forth in Section 13.1. 

(g)      The Lender may, in connection with any assignment or participation or proposed
assignment or participation pursuant to this Section, disclose to the assignee or participant or proposed assignee or participant any information, including Confidential Information, relating to the Borrower furnished to such Lender by or on behalf
of the Borrower. 
 (h)      Nothing herein shall prohibit the Lender from
pledging or assigning as collateral any of its rights under this Agreement to any Federal Reserve Bank in accordance with applicable law and any such pledge or collateral assignment may be made without compliance with Section 13.1(a) or
13.1(b). 
 Article XIV 
 Mutual Covenants Regarding Confidentiality 

Section 14.1.  Covenants of the Borrower, the Servicer, the Backup Servicer and the Collateral
Custodian. 
 Each of the Borrower, the Servicer, the Backup Servicer, the Originator and the Collateral
Custodian severally and with respect to itself only, covenants and agrees to hold in confidence, and not disclose to any Person, the terms of this Agreement (including any fees payable in connection with this Agreement or the identity of the Lender
under this Agreement), except as the Administrative Agent or the Lender may have consented to in writing prior to any proposed disclosure and except it may disclose such information (i) to its officers, directors, employees, investors,
potential investors, potential or existing lenders, agents, counsel, accountants, subservicers, auditors, advisors, any rating agency in connection with a 

  
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securitization transaction or representatives (such Persons, “Excepted Persons”), provided, that each Excepted Person shall, as a condition to any such disclosure, agree
for the benefit of other parties hereto that such information shall be used solely in connection with such Excepted Person’s evaluation of, or relationship with, the Borrower and its Affiliates, and shall not be further disclosed by such
Excepted Person, (ii) to the extent such information has become available to the public other than as a result of a disclosure by or through the Borrower, the Servicer, the Backup Servicer or the Collateral Custodian, (iii) to Wells Fargo
or its Affiliates or (iv) to the extent it is (a) required by Applicable Law (including filing a copy of this Agreement and the other Transaction Documents (other than the Fee Letter and excluding from any such copy the identity of the
Lender)) as exhibits to filings required to be made with the Securities and Exchange Commission, or in connection with any legal or regulatory proceeding or (b) requested by any Governmental Authority to disclose such information;
provided, that, in the case of clause (iv)(a), the Borrower, the Servicer, the Backup Servicer and the Collateral Custodian, as applicable, will use all reasonable efforts to maintain confidentiality and will (unless otherwise prohibited by
law) notify the Administrative Agent of its intention to make any such disclosure prior to making such disclosure. 
 Section 14.2.  Covenants of the Administrative Agent, the Lender, the Backup Servicer and the Collateral Custodian. 

(a)      Each of the Administrative Agent, the Lender, the Backup Servicer, any Successor
Servicer and the Collateral Custodian covenants and agrees that it will not disclose any of the Confidential Information now or hereafter received or obtained by it without the Borrower’s prior written consent; provided, however,
that it may disclose any such Confidential Information to those of its employees or Affiliates directly involved in the transactions contemplated by the Transaction Documents. 

(b)      Each of the Borrower, the Originator, the Administrative Agent, the Lender, the
Backup Servicer, any Successor Servicer and the Collateral Custodian may also disclose any such Confidential Information to its Advisors and to any Rating Agency, any commercial paper dealer or provider of a surety, guaranty or credit or liquidity
enhancement to the Lender and to any officers, directors, employees, investors, outside accountants and attorneys of any of the foregoing, provided each such Person is informed of the confidential nature of such information. 

(c)      Notwithstanding anything herein to the contrary, nothing herein shall be construed
to prohibit (i) disclosure of any and all information that is or becomes publicly known; (ii) disclosure of any and all information (a) if required to do so by any applicable statute, law, rule or regulation, (b) to any
government agency or regulatory body having or claiming authority to regulate or oversee any respects of the Administrative Agent’s, the Lender’s, the Secured Parties’, the Collateral Custodian’s, the Backup Servicer’s, the
Borrower’s or the Originator’s business or that of their affiliates, (c) pursuant to any subpoena, civil investigative demand or similar demand or request of any court, regulatory authority, arbitrator or arbitration to which the
Administrative Agent, the Lender, the Secured Parties, the Collateral Custodian, the Backup Servicer, the Borrower or the Originator or an officer, director, employer, shareholder or affiliate of any of the foregoing is a party, (d) in any
preliminary or final offering circular, registration statement or contract or other document approved in advance by the Borrower, the Servicer or the Originator or (e) to any affiliate, independent or internal auditor, agent (including any

  
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potential sub-or-successor servicer), employee or attorney of the Collateral Custodian or Backup Servicer having a need to know the same, provided that the Collateral Custodian or Backup Servicer
advises such recipient of the confidential nature of the information being disclosed and such person agrees to the terms hereof for the benefit of the Borrower, the Servicer and the Originator; or (iii) any other disclosure authorized by the
Borrower, the Servicer or the Originator. 
 (d)      It is understood that the
Administrative Agent and the Lender or its Affiliates may be required to disclose (and may so disclose, without liability hereunder) the Confidential Information or portions thereof at the request of a bank examiner or other regulatory authority or
in connection with an examination of it or its Affiliates by a bank examiner or other regulatory authority, including in connection with the regulator compliance policy of Administrative Agent or the Lender. 

Section 14.3.  Non-Confidentiality of Tax Treatment and Tax Structure. 

Notwithstanding anything to the contrary contained herein or in any document related to the transactions contemplated
hereby, in connection with Treasury Regulations Section 1.6011-4T, Section 301.6111-1T and Section 301.6112-1T of the Code, the parties hereby agree that, from the commencement of discussions with respect to the transactions described
herein, each party hereto (and each of its employees, representatives, Advisors, Affiliates or agents) is permitted to disclose to any and all persons of any kind (other than limitations imposed by State or federal securities laws), the structure
and tax aspects of the transactions, and all materials of any kind (including opinions or other tax analyses) that are provided to each such party related to such structure and tax aspects. In this regard, each party hereto acknowledges and agrees
that this disclosure of the structure or tax aspects of the transactions is not limited in any way by an express or implied understanding or agreement, oral or written (whether or not such understanding or agreement is legally binding) except as is
reasonably necessary to comply with state and federal securities laws. Furthermore, each party hereto acknowledges and agrees that it does not know or have reason to know that its use or disclosure of information relating to the structure or tax
aspects of the transactions is limited in any other manner (such as where the transactions are claimed to be proprietary of exclusive) for the benefit of any other Person (other than as it may be limited by State or federal securities laws).

 Article XV 
 Miscellaneous 
 Section 15.1.  Amendments and
Waivers. 
 Except as provided in this Section, no amendment, waiver, or other modification of any
provision of this Agreement or any schedule or exhibit hereto shall be effective without the written agreement of the Borrower, the Servicer, the Collateral Custodian, the Backup Servicer, the Administrative Agent and the Lender. The Servicer shall,
as soon as reasonably practicable, provide each Hedge Counterparty with written notice (which notice may take the form of an e-mail communication) of any proposed amendment, waiver, or other modification contemplated under this
Section 15.1. 

  
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 No amendment, waiver or other modification affecting the rights or
obligations of any Hedge Counterparty shall be effective without the prior written agreement of such Hedge Counterparty. 

Section 15.2.  Notices, Etc. 

All notices and other communications provided for hereunder shall, unless otherwise stated herein, be in writing
(including telex communication and communication by facsimile copy) and mailed, telexed, transmitted or delivered, as to each party hereto, at its address set forth under its name on the signature pages hereof or specified in such party’s
Assignment and Acceptance or at the address specified in the Hedging Agreement for the Hedge Counterparty or at such other address as shall be designated by such party in a written notice to the other parties hereto. All such notices and
communications shall be effective, upon receipt, or in the case of (i) notice by mail, five days after being deposited in the United States mail, first class postage prepaid, (ii) notice by telex, when telexed against receipt of answer
back, (iii) notice by facsimile copy, when electronic communication of receipt is obtained or (iv) notice by overnight courier, one Business Day after being deposited with such overnight courier service, except that notices and
communications pursuant to Article Two shall not be effective until received with respect to any notice sent by mail or telex. 

Section 15.3.  No Waiver, Rights and Remedies. 

No failure on the part of the Administrative Agent or any Secured Party or any assignee of any Secured Party to exercise,
and no delay in exercising, any right or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right.
The rights and remedies herein provided are cumulative and not exclusive of any rights and remedies provided by law. 

Section 15.4.  Binding Effect. 

This Agreement shall be binding upon and inure to the benefit of the Borrower, the Servicer, the Backup Servicer, the
Collateral Custodian, the Administrative Agent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.7 shall inure to the benefit of each Hedge Counterparty, whether or
not that Hedge Counterparty is a Secured Party. 
 Section 15.5.  Term of this Agreement.

 This Agreement shall remain in full force and effect until the Facility Termination Date;
provided, however, that the rights and remedies with respect to any breach of any representation and warranty made or deemed made by the Borrower pursuant to Article Five and the indemnification and payment provisions of Article
Eleven, the confidentiality provisions of Article Fourteen, the provisions of Section 15.10 and any other provision of this Agreement expressly stated to survive, shall be continuing and shall survive any termination of this Agreement.

  
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 Section 15.6.  GOVERNING LAW; CONSENT TO JURISDICTION;
WAIVER OF OBJECTION TO VENUE. 
 THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS (OTHER THAN §§5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW)). EACH OF THE PARTIES HERETO HEREBY AGREES TO THE NON-EXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK, LOCATED IN THE BOROUGH OF MANHATTAN AND THE FEDERAL COURTS LOCATED WITHIN THE STATE OF NEW YORK IN THE BOROUGH OF MANHATTAN. EACH OF THE PARTIES HERETO HEREBY WAIVES ANY OBJECTION BASED ON FORUM NON
CONVENIENS, AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. 

Section 15.7.  WAIVER OF JURY TRIAL. 

TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN
RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY. 

Section 15.8.  Costs, Expenses and Taxes. 

(a)      In addition to the rights of indemnification granted to the Administrative Agent,
the Secured Parties, the Collateral Custodian, the Backup Servicer and its or their Affiliates and officers, directors, employees and agents thereof under Article Eleven, the Borrower agrees to pay on demand all reasonable costs and expenses of the
Administrative Agent, the Collateral Custodian, the Backup Servicer and the Secured Parties incurred in connection with the amendment or modification of, or any waiver or consent issued in connection with, this Agreement and the other Transaction
Documents, including the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent, the Collateral Custodian, the Backup Servicer and the Secured Parties with respect thereto and with respect to advising the Administrative
Agent, the Collateral Custodian, the Backup Servicer and the Secured Parties as to their respective rights and remedies under this Agreement and the other documents to be delivered hereunder or in connection herewith, and all costs and expenses, if
any (including reasonable counsel fees and expenses), incurred by the Administrative Agent, the Collateral Custodian, the Backup Servicer and/or the Secured Parties in connection with the enforcement of this Agreement and the other Transaction
Documents. 

  
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 (b) The Borrower shall pay on demand any and all stamp, sales, excise and
other taxes and fees payable or determined to be payable in connection with the execution, delivery, filing and recording of this Agreement and the other Transaction Documents. 

Section 15.9.  Recourse Against Certain Parties. 

No recourse under or with respect to any obligation, covenant or agreement (including the payment of any fees or any
other obligations) of the Administrative Agent, the Collateral Custodian, the Backup Servicer or any Secured Party as contained in this Agreement or any other agreement, instrument or document entered into by it pursuant hereto or in connection
herewith shall be had against any manager or administrator of such Person or any incorporator, affiliate, stockholder, officer, employee or director of such Person or of any such manager or administrator, as such, by the enforcement of any
assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that the agreements of the Administrative Agent, the Collateral Custodian, the Backup Servicer and any Secured Party
contained in this Agreement and all of the other agreements, instruments and documents entered into by it pursuant hereto or in connection herewith are, in each case, solely the corporate obligations of such Person, and that no personal liability
whatsoever shall attach to or be incurred by any administrator of any such Person or any incorporator, stockholder, affiliate, officer, employee or director of such Person or of any such administrator, as such, or any other of them, under or by
reason of any of the obligations, covenants or agreements of such Person contained in this Agreement or in any other such instruments, documents or agreements, or that are implied therefrom, and that any and all personal liability of every such
administrator of such Person and each incorporator, stockholder, affiliate, officer, employee or director of such Person or of any such administrator, or any of them, for breaches by such Person of any such obligations, covenants or agreements,
which liability may arise either at common law or at equity, by statute or constitution, or otherwise, is hereby expressly waived as a condition of and in consideration for the execution of this Agreement. The provisions of this Section shall
survive the termination of this Agreement. 
 Section 15.10. Patriot Act Compliance. 

The Administrative Agent and the Collateral Custodian hereby notify the Borrower that pursuant to the requirements of the
Patriot Act, they, and each other Lender, may be required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower, organizational documentation, director and shareholder
information, and other information that will allow the Administrative Agent, the Collateral Custodian and the Lender to identify the Borrower in accordance with the Patriot Act. This notice is given in accordance with the requirements of the Patriot
Act and is effective for the Administrative Agent, the Collateral Custodian and the Lender. 

Section 15.11. Execution in Counterparts; Severability; Integration. 

This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. In case any provision in or obligation under this Agreement shall be invalid, illegal or

  
 115

 
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in
any way be affected or impaired thereby. This Agreement contains the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties
hereto with respect to the subject matter hereof, superseding all prior oral or written understandings other than any fee letter contemplated hereby 
 Section 15.12. Third Party Beneficiary. 
 Each
Hedge Counterparty is an express third party beneficiary of this Agreement. 
 [signatures appear on the following pages]

  
 116

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

					
	 THE BORROWER:
	 	 DT WAREHOUSE V, LLC

			
		 	 By:
	 	     /s/ Jon
Ehinger

					
		 	    Name:
	 	 Jon Ehlinger

					
		 	 Title:
	 	
 Secretary

 
  

			
		 	 Address for Notices:
  

DT Warehouse V, LLC
 4020 East Indian School Road, Suite 680
 Phoenix, Arizona 85018

Attention: General Counsel
 Facsimile No.: N/A
 Telephone No.: (602) 852-6600

		 	  
 With a copy to:

Snell & Wilmer L.L.P.
 One Arizona Center
 Phoenix, Arizona 85004

Attention: Brian William Burke
 Facsimile No.: (602) 382-6070
 Telephone No.: (602) 382-6379

					
	 THE SERVICER:
	 	 DT CREDIT COMPANY, LLC

			
		 	 By:
	 	     /s/ Jon
Ehinger

					
		 	    Name:
	 	 Jon Ehlinger

					
		 	 Title:
	 	
 Secretary

 

			
		 	 Address for Notices:
  

DT Credit Company, LLC
 4020 East Indian School Road
 Phoenix, Arizona 85018

Attention: General Counsel
 Facsimile No.: N/A
 Telephone No.: (602) 852-6600

		 	  
 With a copy to:

Snell & Wilmer L.L.P.
 One Arizona Center
 Phoenix, Arizona 85004

Attention: Brian William Burke
 Facsimile No.: (602) 382-6070
 Telephone No.: (602) 382-6379

					
	 THE ADMINISTRATIVE AGENT:
	 	 WELLS FARGO SECURITIES, LLC, as Administrative Agent

			
		 	 By:
	 	     /s/ Steven J.
Ellis

					
		 	    Name:
	 	 Steven J.
Ellis

					
		 	 Title:
	 	 Managing
Director

  

			
		 	 Address for Notices:
  

Wells Fargo Securities, LLC
 301 S. College Street, TW-8
 Charlotte, North Carolina 28288-0610

Attention: Michael Schwartz
 Facsimile No.: (704) 383-9106
 Telephone No.: (704) 715-3570

  
  

					
	 THE BACKUP SERVICER
	 	 WELLS FARGO BANK, N.A.

			
		 	 By:
	 	     /s/ Tara H.
Anderson

					
		 	    Name:
	 	 /s/ Tara H.
Anderson

					
		 	 Title:
	 	    Vice
President

  

			
		 	 Address for Notices:
  

Wells Fargo Bank, N.A.
 MAC N9311-161
 Sixth Street and Marquette Avenue

Minneapolis, MN 55479

		
		 	 Attention: Corporate Trust Services - Asset-Backed Administration

Facsimile No.: (612) 667-3464
 Telephone No.: (612) 667-8058

					
	 THE COLLATERAL CUSTODIAN
	 	 WELLS FARGO BANK, N.A.

			
		 	 By:
	 	     /s/ Tara H.
Anderson

					
		 	    Name:
	 	 /s/ Tara H.
Anderson

					
		 	 Title:
	 	   Vice
President

  

			
		 	 Address for Notices:
  

Wells Fargo Bank, N.A.
 MAC N9311-161
 Sixth Street and Marquette Avenue

Minneapolis, MN 55479

		
		 	 Attention: Corporate Trust Services - Asset-Backed Administration

Facsimile No.: (612) 667-3464
 Telephone No.: (612) 667-8058

					
	 THE LENDER
	 	 WELLS FARGO BANK, N.A.

			
		 	 By:
	 	     /s/ Leah W.
Miller

					
		 	    Name:
	 	 Leah W.
Miller

					
		 	 Title:
	 	   Managing
Director

  

			
		 	 Commitment: $150,000,000

 
 Address for Notices:

 
 Wells Fargo Bank, N.A.

301 S. College Street
 Charlotte, North Carolina 28288
 Attention: Kevin McConnell

Telephone: (704) 383-7171
 Telecopy: (704) 383-8417

 SCHEDULE A 
 ELIGIBLE CONTRACT CRITERIA 
 An “Eligible
Contract” means a Contract as to which all of the following conditions are satisfied: 
 (a)      as to which the information set forth in the Contract Receipt related to such Contract is complete, true and correct in all material respects; 

(b)      that is in the form of Exhibit O, or a different form
consented to in writing by the Administrative Agent; 

(c)      with respect to which the first Scheduled Payment is due within
forty-five (45) calendar days after the date of such Contract; 

(d)      that (i) is not a Defaulted Contract and (ii) as of the
date transferred to the Borrower, was less than thirty-one (31) calendar days past due; 

(e)      that the Servicer has not designated as out for or in
repossession; 
 (f)      as to which any right of rescission
arising out of the Contract of the Obligor has expired; 

(g)      as to which the interest payable by the Obligor thereof is
calculated using the simple interest method, the related interest rate is a fixed APR of at least 5.00% and the “Finance Charge” under such Contract was computed using a fixed rate; 

(h)      that (i) has an original term to maturity that is not less
than twelve (12) months and does not exceed sixty-two (62) months, or such other period as may be agreed to from time to time by the Borrower and the Administrative Agent, provided that for Contracts as to which the Obligor has an Obligor
Rating of “A” or “B” the original term to maturity is not less than twelve (12) months and does not exceed seventy-two (72) months, (ii) the Scheduled Payments have equal periodic payments except for payments due
during the first ninety (90) calendar days of the term of such Contract, and except for the final payment which may be different than the other payments, the sum of which payments shall be sufficient to fully amortize the principal balance of
such Contract by its maturity date, assuming timely payment by the Obligor, and the payment obligation is in United States dollars, and (iii) is not a Contract for which the Principal Amount was in excess of $30,000; 

(i)      that provides that, in the event such Contract is pre-paid, the
prepayment shall fully pay the Principal Balance and unpaid interest, including interest in the month of prepayment to the date of prepayment, at the APR; 

(j)      that provides for the absolute sale of the Financed Vehicle to the
Obligor, and the Financed Vehicle is not on approval or subject to any agreement between the 

  
 Sch A - 1

 
Obligor and DTCS or with the prior consent of the Administrative Agent, a Dealer, for the repurchase or return of the Financed Vehicle; 

(k)      that does not present a credit, collateral or documentation risk
which is material and unacceptable to the Administrative Agent; 

(l)       that was originated by DTCS or the Originator in a Permitted
State; 
 (m)     that, if the Obligor is an employee, officer, agent,
director, stockholder, supplier or creditor of any DT Entity or an Affiliate thereof, does not contain terms different than those in the most recent employee purchase program, a copy of which is attached as Exhibit P to the Agreement;

 (n)      that contains the original signature (including
electronic original signature) of the Obligor and DTCS or with the prior consent of the Administrative Agent, the Dealer; 
 (o)      that is the only unsatisfied original executed Contract for the purchase of the Financed Vehicle and accurately reflects all of the actual terms and conditions of
the Obligor’s purchase of the Financed Vehicle; 

(p)      as to which no DT Entity or any Affiliate thereof has made any
agreement with the Obligor to reduce the amount owed on the Contract, or is required to perform any additional service for, or perform or incur any additional obligation to, the Obligor in order for any DT Entity to enforce the Contract; 

(q)      that, (i) if originated by DTCS, was transferred by DTCS to
the Originator pursuant to the Origination Agreement, (ii) at the time originated by DTCS or the Originator, satisfied the creditworthiness and other advance criteria in the Credit and Collection Policy or was otherwise approved by the
Administrative Agent, and (iii) was originated without any fraud or misrepresentation on the part of DTCS, the Originator, or any other Person; 

(r)      with respect to which, the Obligor’s obligations under the
Contract are secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Originator, which security interest has been validly assigned and transferred by the Originator to the Borrower, which has a valid,
subsisting and enforceable first priority perfected security interest in such Financed Vehicle; 

(s)      which has not been, nor is it designated to be, terminated,
satisfied, canceled, subordinated or rescinded in whole or in part; nor has the Financed Vehicle been released, or designated for release, from the security interest granted by the Contract; and all of the holder’s obligations under the
Contract have been performed except those which first arise subsequent to such Contract becoming a Pledged Contract; 
 (t)      no provision of which has been waived, extended, altered or modified in any respect other than as provided in the Accepted Servicing Practices; 

  
 Sch A - 2

 (u)      as to which no claims
of rescission, setoff, counterclaim, defense or other material disputes have been asserted with respect to the Contract or Financed Vehicle; 
 (v)      as to which there are no unsatisfied Liens or claims for taxes, labor, materials, fines, confiscation, or replevin relating to the Contract or Financed Vehicle;
there is no unsatisfied claim against the Obligor based on the operation or use of the Financed Vehicle; all taxes due for the purchase, use and ownership of the Financed Vehicle have been paid and all taxes due on the transfer of the Contract to
the Borrower have been paid; 
 (w)      with respect to which no
DT Entity has repossessed the Financed Vehicle or commenced a replevin action or other lawsuit, against the Obligor or Financed Vehicle, except (i) vehicles repurchased at third-party auctions or (ii) vehicles sold directly to an
Affiliate, provided that (A) any such sale to an Affiliate is for fair market value, (B) any such sale to an Affiliate does not have a Material Adverse Effect and (C) the aggregate proceeds from the sale to such Affiliates of
repossessed Financed Vehicles not sold through auction securing any Pledged Contract in any calendar month does not exceed 10% of the aggregate proceeds from the sale of all repossessed Financed Vehicles securing the Pledged Contracts. The foregoing
shall be subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with the repair or the repossession of such Financed Vehicle unless it shall determine in
its reasonable discretion that such repair and/or repossession will increase the net liquidation proceeds by an amount greater than the amount of such expense; 

(x)      with respect to which the model year of the Financed Vehicle is
not more than twelve (12) years earlier than the model year in effect at the time the Contract becomes a Pledged Contract; 
 (y)      as to which the obligation of the original Obligor has not been released or assumed by another Person unless the release or assumption was properly documented and
the Administrative Agent has consented in writing to such Contract being an Eligible Contract; 

(z)      as to which the down payment complies with the Credit and
Collection Policy, and has been paid in full by the Obligor and not loaned to the Obligor by any DT Entity or an Affiliate thereof, and any trade-in has been delivered to DTCS, or with the prior consent of the Administrative Agent, the Dealer, with
an endorsed Certificate of Title with respect to the related Financial Vehicle and as to which no amount has been loaned to the Obligor to keep payments thereunder current; 

(aa)   with respect to which the Collateral Custodian has delivered to the Administrative
Agent the deliveries required under the Agreement that confirm that the Collateral Custodian is in physical possession of the Contract File; 
 (bb)   that, together with the sale of the Financed Vehicle and the sale of any Insurance Policy, complied at the time such Contract was originated or made, and

  
 Sch A - 3

 
continue to comply in all material respects with 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 Magnuson-Moss Warranty Act, the Federal Reserve
Board’s Regulations B and Z, the Servicemembers Civil Relief Act of 2003, the Texas Finance Code and other State adaptations of the Uniform Consumer Credit Code, and other consumer credit laws and equal credit opportunity and disclosure laws;
the form of such Contract and the manner in which it was completed and executed and all documents delivered and disclosures made in connection therewith are in compliance with all requirements of applicable Federal, State and local laws, and all
applicable regulations thereunder, except to the extent a failure to so comply would not have an adverse effect on (i) the collection and payment of the Contract, or (ii) the interests in such Contract of any DT Entity; 

(cc)     with respect to which none of the Obligors is the United States of
America, or any State, or any agency, department, or instrumentality of the United States of America, any State or municipality; 
 (dd)     that was not originated in, and is not subject to the laws of, any jurisdiction under which the sale, transfer, and assignment of such Contract, or the assignment and
grant of a security interest pursuant to this Agreement, shall be unlawful, void or voidable, and with respect to which (i) no consent of any Obligor or other Person is required for the sale and assignment of or grant of security interest in
such Contract and (ii) no DT Entity has entered into any agreement with any Obligor or any other Person that prohibits, restricts or conditions the sale, assignment, or grant of security interest in any portion of such Contract; 

(ee)     that constitutes “tangible chattel paper” or “electronic
chattel paper” under Article 9 of the applicable UCC; 

(ff)      with respect to which, (A) if such Contract was originated
in a State in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Financed Vehicle shows DTCS or the Originator named as
the original and only secured party under the related Contract as the holder of a first priority security interest in such Financed Vehicle; provided that any assumed name, designation or trade name may be used by DTCS or the Originator on
the title document; provided further that the use of any such assumed name, designation or trade name by DTCS or the Originator shall result in a fully perfected first priority security interest in favor of DTCS or the Originator and a legal
opinion has been delivered to the Administrative Agent by the Originator’s legal counsel stating the foregoing, and (B) if such Contract was originated in a State in which the filing of a financing statement under the UCC is required to
perfect a security interest in motor vehicles, such filings or recordings have been duly made and show DTCS or the Originator named as the secured party under the Contract; and if the title document has not yet been returned from the Registrar of
Titles, the Originator has received and delivered to the Collateral Custodian written evidence that 

  
 Sch A - 4

 
such title document showing DTCS or the Originator as first lienholder has been applied for; 

(gg)    that represents the genuine, legal, valid and binding obligation of the
Obligor thereunder and is enforceable by the holder thereof in accordance with its terms, except only as such enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally, and all
parties to such Contract had full legal capacity to execute and deliver such Contract and all other documents related thereto and to grant the security interest purported to be granted thereby; 

(hh)    with respect to which each Obligor is and continues to be domiciled in the
United States; 
 (ii)      with respect to which the related
Financed Vehicle has not suffered a casualty or been materially damaged and not repaired, and such Financed Vehicle is not located outside of the United States; 

(jj)     with respect to which, at the time of origination of such Contract, to
the knowledge of the Originator, the Borrower and the Servicer, the related Financed Vehicle is customarily used and garaged in the state issuing the Certificate of Title; 

(kk)   with respect to which the related Financed Vehicle was properly delivered to the
related Obligor in good repair, without material defects and in satisfactory order, and such Financed Vehicle was accepted by the Obligor after reasonable opportunity to inspect and test same and, at the time of such delivery and acceptance, no
Obligor informed any DT Entity of any material defect therein; 

(ll)     with respect to which no Obligor is involved in the business of leasing
or selling any Financed Vehicles; 
 (mm)  that does not constitute a “consumer
lease” under either (A) the UCC as in effect in the jurisdiction whose law governs the Contract, or (B) the Consumer Leasing Act, 15 U.S.C. 1667; 

(nn)    that is included in the aggregate numbers reported in the Contract Receipt,
(i) which is not listed as having an Exception by the Collateral Custodian, and (ii) for which the original Contract has not been delivered to the Borrower or Servicer pursuant to a Release Request; 

(oo)    which, at origination the related Financed Vehicle, was 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 due from the Obligor under such Contract and (ii) naming DTCS or the
Originator as a loss payee; 
 (pp)    with respect to which the Servicer
and the Originator have clearly marked their electronic records to indicate that the Contract has been transferred to and is owned by the Borrower; 

  
 Sch A - 5

 (qq)    with respect to which neither
the related Obligor (nor the Contract itself) was, at the date of transfer of such Contract to the Borrower, the subject of an Insolvency Proceeding commenced after the execution of such Contract except if such Obligor has received a discharge or
dismissal of such proceeding; 
 (rr)      that is not subject to
a forced placed insurance policy on the related Financed Vehicle; 

(ss)     that has not been modified as to credit terms in a manner adverse to
the interests of the Lender (in the reasonable judgment of the Administrative Agent) or extended or deferred for a period greater than six (6) months (in aggregate) after its original maturity date; and 

(tt)      prior to the Indirect Contract Approval Date, such Contract is
not an Indirect Contract. 

  
 Sch A - 6

 SCHEDULE B 
 SCHEDULE OF CONTRACTS 
 (Original delivered to the Administrative Agent)

  
 Sch B - 1

 SCHEDULE C 
 LOCATION OF CONTRACT FILES 
 Wells Fargo Bank, N.A. 

ABS Custody Vault 

1055 10th Avenue SE 
 MAC N9401-011 
 Minneapolis, Minnesota 55414 

  
 Sch C - 1

 SCHEDULE D 
 SCHEDULE OF DOCUMENTS 
 [See Closing Index] 

  
 Sch D - 1

 SCHEDULE E 
 TRADENAMES 
 None. 

  
 Sch E - 1

 EXHIBIT A 
 FORM OF FUNDING REQUEST 

                    ,
         
 Wells Fargo Securities, LLC 

301 S. College Street, TW-8 
 Charlotte, North Carolina 28288-0610 
  

	Re:	DT Warehouse V, LLC – Loan and Security Agreement 

 Ladies and Gentlemen: 
 The undersigned is a Responsible Officer
of DT Warehouse V, LLC (the “Borrower”) and is authorized to execute and deliver this Funding Request on behalf of the Borrower pursuant to the Loan and Security Agreement, dated as of December 23, 2011 (as amended,
restated, supplemented or otherwise modified from time to time, the “Loan and Security Agreement”), among the Borrower, DT Credit Company, LLC, as servicer, Wells Fargo Bank, N.A., as lender, Wells Fargo Securities, LLC, as
administrative agent, and Wells Fargo Bank, N.A., as backup servicer and collateral custodian. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Loan and Security Agreement. 

(a)      The Borrower hereby requests that a Loan be made under the Loan and Security
Agreement on                 ,        in the amount of
$            . 
 In connection with the
foregoing, the undersigned hereby certifies, on behalf of the Borrower, as follows: 

(b)      As of the date hereof, the aggregate Borrowing Base (calculated as of the previous
Determination Date, or, with respect to Contracts added to the Collateral following such Determination Date, but prior to or on such date of determination, the related Cut-Off Date, which is
                    ) is                 . Attached to
this Funding Request is a true, complete and correct calculation of the Borrowing Base. 

(c)      All of the conditions applicable to the requested Loan as set forth in the Loan
and Security Agreement have been satisfied as of the date hereof and will remain satisfied to the date of such Loan, including: 
 (i)       Each of the representations and warranties contained in Article Five of the Loan and Security Agreement are true and correct in all respects on and as of the
date hereof, before and after giving effect to the Loan and to the application of the proceeds therefrom as though made on and as of the date hereof; 

(ii)      No event has occurred, or would result from such Loan or from the
application of the proceeds therefrom, which constitutes a Termination Event, an Unmatured Termination Event or a Foreclosure Event; 

  
 Exh A - 1

 (iii)     The Borrower is in
compliance with each of its covenants set forth in the Loan and Security Agreement; and 

(iv)     No event has occurred which constitutes a Servicer Termination Event.

 (d)      The requested Loan will not, on the Funding Date, exceed the Available
Amount. 
 (e)      Attached hereto as Attachment 1 is a duly executed
Solvency Certificate dated of even date herewith. 
  

	
	 DT WAREHOUSE V, LLC

	
	
By:                             
                                         
 

	
Name:                            
                                      

	
Title:                            
                                        

  
 Exh A - 2

 EXHIBIT B 
 FORM OF NOTE 
 FOR VALUE RECEIVED, the undersigned, DT
Warehouse V, LLC, a Delaware limited liability company (the “Borrower”), promises to pay to the order of Wells Fargo Securities, LLC, a Delaware limited liability company (the “Administrative Agent”),
as the agent for Wells Fargo Bank, N.A. (the “Lender”), at the office of the Administrative Agent set forth in the Loan and Security Agreement, dated as of December 23, 2011 (as amended, restated, supplemented or
otherwise modified from time to time, the “Loan and Security Agreement”), among the Borrower, DT Credit Company, LLC, as servicer, Wells Fargo Bank, N.A., as lender, Wells Fargo Securities, LLC, as administrative agent, and
Wells Fargo Bank, N.A., as backup servicer and collateral custodian, on the Termination Date, in lawful money of the United States of America and in immediately available funds, the principal amount of One Hundred Fifty Million Dollars
($150,000,000), or, if less, such Lender’s Note Balance under the Loan and Security Agreement, and to pay interest at such office, in like money, from the date hereof on the unpaid principal amount of such Lender’s Loans from time to time
outstanding at the rates and on the dates specified in the Loan and Security Agreement. 
 The Lender is
authorized to record, on the schedules annexed hereto and made a part hereof or on other appropriate records, the date and the amount each Loan made by such Lender under the Loan and Security Agreement, each continuation thereof, the funding period
for such Loan and the date and amount of each payment or prepayment of principal thereof. Any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded; provided that the failure of the Lender to
make any such recordation (or any error in such recordation) shall not affect the obligations of the Borrower hereunder or under the Loan and Security Agreement in respect of the Loans. 

This Note is one of the Notes referred to in the Loan and Security Agreement, and is entitled to the benefits thereof.
Capitalized terms used herein and defined herein have the meanings given them in the Loan and Security Agreement. This Note is subject to periodic pay-downs, and optional and mandatory prepayment as provided in the Loan and Security Agreement.

 Upon the occurrence of a Termination Event or a Foreclosure Event, the Administrative Agent, on behalf of the
Secured Parties shall have all of the remedies specified in the Loan and Security Agreement. The Borrower hereby waives presentment, demand, protest, and all notices of any kind. 

  
 Exh B - 1

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

 

	
	 DT WAREHOUSE V, LLC, the Borrower

	
	 By:

	
	
By:                             
                                         
 

	
Name:                            
                                      

	
Title:                            
                                        

  
 Exh B - 2

 Schedule 1 to 
 Note 
  

							
	 Principal Amount of Loans
	  	 Interest on Loans
	  	 Payments on Loans
	  	 Notation by Date

				
	
                                         
   	  	
                            	  	
                            	  	
                            

  
 Exh B - 3

 EXHIBIT C 
 FORM OF ASSIGNMENT AND ACCEPTANCE 
 Dated
                    , 20     

Reference is made to the Loan and Security Agreement, dated as of December 23, 2011 (as amended, restated,
supplemented or otherwise modified from time to time, the “Loan and Security Agreement”), among DT Warehouse V, LLC, as borrower, DT Credit Company, LLC, as servicer, Wells Fargo Bank, N.A., as lender, Wells Fargo Securities,
LLC, as administrative agent (the “Administrative Agent”), and Wells Fargo, N.A., as backup servicer and collateral custodian. Capitalized terms used but not otherwise defined herein shall have the meaning given to them in
the Loan and Security Agreement. 

                   
          (the “Assignor”) and
                             (the “Assignee”) agree as follows: 

1.       The Assignor hereby sells and assigns to the Assignee, and the Assignee
hereby purchases and assumes from the Assignor, that interest in and to all of the Assignor’s rights and obligations under the Loan and Security Agreement as of the date hereof which represents the percentage interest specified in
Section 1 of Schedule 1 of all outstanding rights and obligations of the Assignor under the Loan and Security Agreement, including such interest in the Commitment of the Assignor and the Loans made by the Assignor. After giving effect to such
sale and assignment, the Commitment and the amount of Loans made by the Assignee will be as set forth in Section 2 of Schedule 1. 
 2.       The Assignor represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and
clear of any Lien. 
 3.       The Assignor and the Assignee confirm to and
agree with each other and the other parties to Loan and Security Agreement that: (i) other than as provided herein, the Assignor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Loan and Security Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan and Security Agreement or any other instrument or document furnished
pursuant thereto; (ii) the Assignee confirms that it has received a copy of the Loan and Security Agreement, together with copies of such financial statements and other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into such Assignment and Acceptance; (iii) the Assignee will, independently and without reliance upon the Administrative Agent, the Assignor or any other Lender party to the Loan and Security Agreement and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan and Security Agreement; (iv) the Assignor and the Assignee confirm that
the Assignee is an Eligible Assignee; (v) the Assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to such agent by the terms
hereof, together with such powers as are reasonably incidental thereto; (vi) the Assignee agrees that it will perform in accordance with their terms all 

  
 Exh C - 1

 
of the obligations which by the terms of the Loan and Security Agreement are required to be performed by it as a Lender, including the confidentiality provisions of Article Fourteen and
(vii) this Assignment and Acceptance meets all other requirements for such an Assignment and Acceptance set forth in Article 13 of the Loan and Security Agreement. 

4.       Following the execution of this Assignment and Acceptance by the Assignor and
the Assignee, it will be delivered to the Administrative Agent for acceptance. The effective date of this Assignment and Acceptance (the “Assignment Date”) shall be the date of acceptance thereof by the Administrative Agent,
unless a later date is specified in Section 3 of Schedule 1. 

5.       The Assignor and the Assignee agree to reimburse the Administrative Agent for
all reasonable fees, costs and expenses (including reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent) incurred by the Administrative Agent in connection with this Assignment and Acceptance. 

6.       Upon such acceptance by the Administrative Agent, (i) the Assignee shall
be a party to the Loan and Security Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder, provided, however, that (ii) the Assignor shall, to the extent
such rights have been assigned by it under this Assignment and Acceptance, relinquish its assigned rights and be released from its assigned obligations under the Loan and Security Agreement (and, in the case of an Assignment and Acceptance covering
all or the remaining portion of an assigning Assignor’s rights and obligations under the Loan and Security Agreement, Assignor shall cease to be a party thereto). 

7.       Upon such acceptance by the Administrative Agent, from and after the
Assignment Date, the Administrative Agent shall make, or cause to be made, all payments under the Loan and Security Agreement in respect of the interest assigned hereby (including all payments of principal, interest and fees with respect thereto) to
the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Loan and Security Agreement for periods prior to the Assignment Date directly between themselves. 

8.       This Assignment and Acceptance shall be governed by, and construed in
accordance with, the laws of the State of New York. 

  
 Exh C - 2

 IN WITNESS WHEREOF, the Assignor and the Assignee have executed this
Acceptance and Assignment as of the      day of                     , 201    .

  

					
	 [ASSIGNEE], as Assignee

			
	 By:
	 	  
	 	

 
					
	 Name:
	 	  
	 	

 
					
	 Title:
	 	  
	 	

 
					
		
	 [ASSIGNOR], as Assignor
	 	
			
	 By:
	 	  
	 	

 
					
	 Name:
	 	  
	 	

 
					
	 Title:
	 	  
	 	

  
 Exh C - 3

 Schedule 1 
 to 
 Assignment and Acceptance 

Dated                     ,
20     
 Section 1. 

 

					
	Percentage Interest:	 	            %	 	

 Section 2. 
  

					
	 Assignee’s Commitment:
	 	$                    	 	
			
	Aggregate Loans Owing to the Assignee:	 	$                    	 	

 Section 3. 
  

					
	 Assignment Date:
	 	                     , 20   
 	 	

  
 Exh C - 4

 EXHIBIT D 
 CREDIT AND COLLECTION POLICY 
 [On file] 

  
 Exh D - 1

 EXHIBIT E 
 FORM OF HEDGING AGREEMENT 
 (INCLUDING SCHEDULE AND CONFIRMATION)

 [Intentionally Omitted] 

  
 Exh E - 1

 EXHIBIT F 
 FORM OF POWER OF ATTORNEY 
 This Power of Attorney (this
“Power of Attorney”) is executed and delivered by DT Warehouse V, LLC (“Grantor”) to Wells Fargo Securities, LLC, as Administrative Agent (“Attorney”), pursuant to (i) the
Loan and Security Agreement, dated as of December 23, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), among the Grantor, as borrower, DT Credit Company, LLC, as
servicer, Wells Fargo Bank, N.A., as lender, Wells Fargo Securities, LLC, as administrative agent, and Wells Fargo Bank, N.A., as backup servicer and collateral custodian, and (ii) the other Transaction Documents. Capitalized terms used herein
that are not otherwise defined shall have the meanings ascribed thereto in the Agreement. 
 No person to whom
this Power of Attorney is presented, as authority for Attorney to take any action or actions contemplated hereby, shall inquire into or seek confirmation from Grantor as to the authority of Attorney to take any action described below, or as to the
existence of or fulfillment of any condition to this Power of Attorney, which is intended to grant to Attorney unconditionally the authority to take and perform the actions contemplated herein, and Grantor irrevocably waives any right to commence
any suit or action, in law or equity, against any person or entity that acts in reliance upon or acknowledges the authority granted under this Power of Attorney. The power of attorney granted hereby is coupled with an interest and may not be revoked
or canceled by Grantor until all Aggregate Unpaids have been indefeasibly paid in full and Attorney has provided its written consent thereto. 
 Grantor hereby irrevocably constitutes and appoints Attorney (and all officers, employees or agents designated by Attorney), with full power of substitution, as its true and lawful attorney-in-fact with
full irrevocable power and authority in its place and stead and in its name or in Attorney’s own name, from time to time in Attorney’s discretion, to take any and all appropriate action and to execute and deliver any and all documents and
instruments that may be necessary or desirable to accomplish the purposes of the Agreement, and, without limiting the generality of the foregoing, hereby grants to Attorney the power and right, on its behalf, without notice to or assent by it,
(i) to give any necessary receipts or acquittance for amounts collected or received hereunder, (ii) to make all necessary transfers of the Collateral in connection with any sale or other disposition made pursuant hereto, (iii) to
execute and deliver for value all necessary or appropriate bills of sale, assignments and other instruments in connection with any such sale or other disposition, Grantor thereby ratifying and confirming all that such attorney (or any substitute)
shall lawfully do hereunder and pursuant hereto, (iv) to sign any agreements, orders or other documents in connection with or pursuant to any Transaction Document, (v) to exercise all rights and privileges of Grantor under the Purchase
Agreement (including each Transfer Agreement); (vi) pay or discharge any taxes, Liens or other encumbrances levied or placed on or threatened against Grantor or Grantor’s property; (vii) to defend any suit, action or proceeding
brought against Grantor if Grantor does not defend such suit, action or proceeding or if Attorney believes that it is not pursuing such defense in a manner that will maximize the recovery to Attorney, and settle, compromise or adjust any suit,
action or proceeding described above and, in connection therewith, give such discharges or releases as Attorney may deem appropriate; (viii) to file or prosecute any claim, litigation, suit or proceeding in any court of competent jurisdiction

  
 Exh F - 1

 
or before any arbitrator, or take any other action otherwise deemed appropriate by Attorney for the purpose of collecting any and all such moneys due to Grantor whenever payable and to enforce
any other right in respect of Grantor’s property; (ix) to sell, transfer, pledge, make any agreement with respect to or otherwise deal with, any of Grantor’s property, and execute, in connection with such sale or action, any
endorsements, assignments or other instruments of conveyance or transfer in connection therewith; and (x) to cause the certified public accountants then engaged by Grantor to prepare and deliver to Attorney at any time and from time to time,
promptly upon Attorney’s request, any reports required to be prepared by or on behalf of Grantor under the Loan and Security Agreement or any other Transaction Document, all as though Attorney were the absolute owner of its property for all
purposes, and to do, at Attorney’s option and Grantor’s expense, at any time or from time to time, all acts and other things that Attorney reasonably deems necessary to perfect, preserve, or realize upon its property or assets and the
Liens of the Administrative Agent, as agent for the Secured Parties thereon, all as fully and effectively as it might do. Grantor hereby ratifies, to the extent permitted by law, all that said attorneys shall lawfully do or cause to be done by
virtue hereof. 
 IN WITNESS WHEREOF, this Power of Attorney is executed by Grantor as of this
             day of                     
201    . 
  

					
	 DT WAREHOUSE V, LLC
	 	
			
	 By:
	 	  
	 	

 
					
	 Name:
	 	  
	 	

 
					
	 Title:
	 	  
	 	

 Sworn to and subscribed before 

me this      day of
                ,              

Notary Public 

[NOTARY SEAL] 

  
 Exh F - 2

 EXHIBIT G 
 FORM OF PERMITTED TAKE-OUT RELEASE 
 Dated
                    , 20     

Reference is hereby made to the Loan and Security Agreement, dated as of December 23, 2011 (as amended, restated,
supplemented or otherwise modified from time to time, the “Loan and Security Agreement”), among DT Warehouse V, LLC, as borrower (the “Borrower”), DT Credit Company, LLC, as servicer (the
“Servicer”), Wells Fargo Securities, LLC, as administrative agent (the “Administrative Agent”), Wells Fargo Bank, N.A., as backup servicer and collateral custodian (the “Collateral
Custodian”) and Wells Fargo Bank, N.A., as the lender. Capitalized terms not defined herein shall have the meaning given such terms in the Loan and Security Agreement. 

The Borrower and the Servicer hereby represent and warrant that each condition in the Loan and Security Agreement and
each other Transaction Document, to the consummation of the Permitted Take-Out to which this Permitted Take-Out Release relates, has been satisfied, including but not limited to delivery of the executed Permitted Take-Out Date Certificate, in
substantially the form attached hereto as Annex 1. Upon deposit in the Collection Account of $[—] in accordance with Section 2.15(a)(v) in immediately available funds, the
Administrative Agent hereby releases all of its right, title and interest, including Lien, in and to the Pledged Contracts to be transferred by the Borrower in the related Permitted Take-Out and described in Schedule I hereto (the
“Take-Out Contracts” and such Schedule, the “Schedule of Take-Out Contracts”), together with the other items of Collateral related to such Take-Out Contracts. 

[signatures appear on the following page] 

  
 Exh G - 1

 The Servicer and the Borrower hereby direct the Collateral Custodian to
deliver the Contract Files for the Take-Out Contracts to [—]. 
 Executed as
of                          , 20    : 

 

					
	DT WAREHOUSE V, LLC, as Borrower
		
	By:	 	  

		 	Name:	 	  

					
		 	Title:	 	  

					
	
	DT CREDIT COMPANY, LLC, as Servicer
		
	By:	 	  

		 	Name:	 	  

					
		 	Title:	 	  

					
	
	WELLS FARGO SECURITIES, LLC, as Administrative Agent
		
	By:	 	  

		 	Name:	 	  

					
		 	Title:	 	  

					
	
	Acknowledged:
	
	WELLS FARGO BANK, N.A., as Collateral Custodian
		
	By:	 	  

		 	Name:	 	  

					
		 	Title:	 	  

  
 Exh G - 2

 ANNEX 1 
 PERMITTED TAKE-OUT DATE CERTIFICATE PURSUANT TO 
 SECTION 2.15(a) OF
THE LOAN AND SECURITY AGREEMENT 
 DT Credit Company, LLC, as the servicer (the
“Servicer”), delivers this certificate pursuant to Section 2.15(a) of the Loan and Security Agreement, dated as of October 24, 2011 (as amended, restated, supplemented or otherwise modified from time to time,
the “Loan and Security Agreement”) among DT Warehouse V, LLC, as borrower (the “Borrower”), the Servicer, Wells Fargo Securities, LLC, as administrative agent (the “Administrative
Agent”), Wells Fargo Bank, N.A., as backup servicer and collateral custodian (the “Collateral Custodian”) and Wells Fargo Bank, N.A., as the lender, and hereby certifies, as of the date hereof, the following:

 (i)       the Borrower has sufficient funds on the related
Permitted Take-Out Date to effect the Permitted Take-Out in accordance with the Loan and Security Agreement (taking into account, to the extent necessary, the proceeds of sales of the Collateral in the Permitted Take-Out); 

(ii)      (A) after giving effect of the Permitted Take-Out, the release of
by the Administrative Agent of the related Contracts on the Permitted Take-Out Date and the transfer by the Borrower of the related Contracts on the Permitted Take-Out Date, (I) the representations and warranties contained in Sections
5.1 and 5.2 are true and correct on such date, except to the extent relating to an earlier date, (II) no Termination Event, Unmatured Termination Event, Servicer Termination Event, Overcollateralization Increase Event or Foreclosure Event
has occurred, and (III) the Note Balance does not exceed the Borrowing Base, and (B) no selection procedures were utilized by the Borrower in connection with the Permitted Take-Out that are adverse to the interests of the Secured Parties;

 (iii)     the Borrower has provided for the payment to the
Administrative Agent, on behalf of the Lender, on the Permitted Take-Out Date, in immediately available funds, of an amount equal to the sum of (A) the portion of the Note Balance to be prepaid, (B) all accrued and unpaid Interest
attributable to that portion of the Note Balance to be prepaid on such day in connection with the Permitted Take-Out, (C) an aggregate amount equal to the sum of all other amounts then due and owing to the Administrative Agent or the Lender, as
applicable, under this Agreement and the other Transaction Documents, to the extent accrued to such date and to accrue thereafter (including Breakage Costs), to the extent reasonably determined by the Administrative Agent or the Lender, as
applicable, to be attributable to that portion of the Note Balance to be paid to such Secured Party in connection with the Permitted Take-Out and (D) all other Aggregate Unpaids then due and owing to the extent reasonably determined by any
Secured Party to be attributable to that portion of the Note Balance to be paid to such Secured Party in connection with the Permitted Take-Out; 

(iv)     the Borrower has provided for the payment to each Hedge Counterparty on
the Permitted Take-Out Date, in immediately available funds, an aggregate amount 

  
 Exh G - 3

 
equal to all Hedge Breakage Costs attributable to that portion of the Note Balance to be prepaid in connection with the Permitted Take-Out; 

(v)      the Borrower has delivered to the Administrative Agent, the
Collateral Custodian and each Lender (x) the List of Take-Out Contracts and (y) an updated Schedule of Contracts giving effect to such Permitted Take-Out, which has been confirmed in writing by the Collateral Custodian (which confirmation
may take the form of an email to the Administrative Agent and the Lenders stating that the updated Schedule of Contracts delivered by the Borrower comports with the records maintained by the Collateral Custodian); and 

(vi)      no Termination Event, Unmatured Termination Event, Servicer
Termination Event or Foreclosure Event shall occur as a result of such Permitted Take-Out. 

Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed to them in
the Loan and Security Agreement. 
 IN WITNESS WHEREOF, the Servicer has caused this certificate
to be executed on its behalf this              day of
                                    ,
20    . 
  

					
	DT CREDIT COMPANY, LLC
		
	 By:
	 	
 

 
					
		 	 Name:
	 	  

					
		 	 Title:
	 	  

  
 Exh G - 4

 EXHIBIT H 
 FORM OF SOLVENCY CERTIFICATE 
 Wells Fargo Securities, LLC 

301 S. College Street, TW-8 
 Charlotte, North Carolina 28288-0610 
  

	Re:	DT Warehouse V, LLC – Loan and Security Agreement 

 Ladies and Gentlemen: 
 DT Warehouse V, LLC (the
“Borrower”), hereby certifies, as of this          day of                 , 20__, with
respect to the Borrower: 
 (i)       the fair value of the
property owned by the Borrower is greater than the amount of the Borrower’s liabilities (including disputed, contingent and unliquidated liabilities) as such value is established and liabilities evaluated for purposes of Section 101(32) of
the Bankruptcy Code or any other Insolvency Law; 
 (ii)      the
present fair salable value of the property owned by the Borrower in an orderly liquidation of the Borrower is not less than the amount that will be required to pay the probable liability of the Borrower on its debts as they become absolute and
matured; 
 (iii)     the Borrower is able to realize upon its property
and pay its debts and other liabilities (including disputed, contingent and unliquidated liabilities) as they mature in the normal course of business; 

(iv)     the Borrower does not intend to, and does not believe that it will,
incur debts or liabilities beyond the Borrower’s ability to pay as such debts and liabilities mature; and 
 (v)      the Borrower is not engaged in business or a transaction, and is not about to engage in a business or a transaction, for which the Borrower’s property would
constitute unreasonably small capital. 
 Capitalized terms used herein without definition shall have the
meanings given to such terms in the Loan and Security Agreement, dated as of December 23, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan and Security Agreement”), among the
Borrower, DT Credit Company, LLC as servicer, Wells Fargo Bank, N.A., as lender, Wells Fargo Securities, LLC, as administrative agent, and Wells Fargo Bank, N.A., as backup servicer and collateral custodian. 

  
 Exh H - 1

 IN WITNESS WHEREOF, I have hereunto signed my name as of the date first
written above. 
  

					
	DT WAREHOUSE V, LLC	 	
			
	By:	 	  
	 	

 
					
	Name:	 	  
	 	

 
					
	Title:	 	  
	 	

  
 Exh H - 2

 EXHIBIT I 
 FORM OF MONTHLY REPORT 

  
 Exh I - 1

 EXHIBIT J 
 FORM OF MONTHLY BACKUP SERVICER CERTIFICATE 
 [On File with Backup Servicer]

  
 Exh J - 1

 EXHIBIT K 
 Form 
 of 
 RESIDUAL INTEREST CONVEYANCE AGREEMENT (APPROVED FORM) 
 [see attached]

  
 Exh K - 1

 EXHIBIT L 
 FORM OF PRINCIPAL REPAYMENT NOTICE 
 (Prepayment of Note Balance) 

[Date] 

(DT WAREHOUSE V, LLC) 
  

					
	 To:
	 	 Wells Fargo Securities, LLC
 as the Administrative Agent
 One Wachovia Center

301 S. College Street, TW-8
 Charlotte, North Carolina 28288-0610
 Telephone No.: (704) 715-3570

Facsimile No.: (704) 383-9106
	  	 Wells Fargo Bank, National Association
 301 South College Street
 Charlotte, North Carolina 28288

Attention: Kevin McConnell
 Telephone: (704) 383-7171
 Facsimile: (704) 383-8417

			
		 	 Wells Fargo Bank, National Association
 MAC N9311-161
 Sixth Street and Marquette Avenue

Minneapolis, Minnesota 55479
 Attention:    Corporate Trust Services - Asset-
                 Backed
Administration
 Telephone: (612) 667-8058
 Facsimile: (612) 667-3464
	  	
		
		 	 Re: Loan and Security Agreement dated as of December 23, 2011

 
 Ladies and Gentlemen:

 
 This Principal Repayment Notice is delivered to you
pursuant to Section 2.5(a) of that certain Loan and Security Agreement, dated as of December 23, 2011 (the “Loan and Security Agreement”), by and among DT Warehouse V, LLC, as borrower (the “Borrower”), DT
Credit Company, LLC, as servicer (the “Servicer”), Wells Fargo Bank, N.A., as lender (the “Lender”), Wells Fargo Securities, LLC, as administrative agent (the “Administrative Agent”), and Wells Fargo Bank,
N.A., as backup servicer and collateral custodian (the “Collateral Custodian”). Capitalized terms used but not defined herein shall have the meanings provided in the Loan and Security Agreement.

 
 The undersigned hereby certifies as follows:

 

1.        Pursuant to Section 2.5(a) of the Loan and Security Agreement,
the Borrower desires to reduce the Note Balance by the amount of $[insert prepayment amount] (the “Principal Repayment”).
  

2.        The Borrower hereby requests that such Principal Repayment be made
as of [insert prepayment date - must be at least one Business Day after the date of this notice].

  
 Exh L - 1

					
		 	 3.        All of the conditions applicable to
the Principal Repayment requested herein as set forth in the Loan and Security Agreement have been satisfied as of the date hereof and will remain satisfied to the date of such Principal Repayment, as applicable, including the following:

 

(a)        All Aggregate Unpaids then due and payable to
any Indemnified Party have been paid;
  
 (b)        No event has occurred or would result from such Principal Repayment or from the applicable of the proceeds therefrom, which constitutes a Termination
Event or Unmatured Termination Event; and
  
 (c)        The Borrower is in compliance with each of its covenants set forth in the Transaction Documents.

 

4.        As of the date of this Principal Repayment (and prior to giving
effect thereto), the Note Balance is $[insert Note Balance prior to Principal Repayment].

 [signature appears on the following page] 

  
 Exh L - 2

			
		 	 IN WITNESS WHEREOF, the undersigned has executed this Principal Repayment Notice as of this [insert day] of [insert
month], [insert year].

  

					
	DT WAREHOUSE V, LLC	 	
			
	By:	 	  
	 	
		 	Name:	 	
		 	Title:	 	

  
 Exh L - 3

 EXHIBIT M 
 FORM OF COLLATERAL CUSTODIAN FEE LETTER 

  
 Exh M - 1

 EXHIBIT N 
 MASTER AGENCY AGREEMENT 

  
 Exh N - 1

 EXHIBIT O 
 FORM OF MOTOR VEHICLE INSTALLMENT SALES CONTRACT 

  
 Exh O - 1

 EXHIBIT P 
 COPY OF EMPLOYEE PURCHASE PROGRAM TERMS AND CONDITIONS 
 [To Be Provided]

  
 Exh P - 1

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