Document:

EXHIBIT 4.2

 

AMENDMENT NO. 10 TO

RECEIVABLES PURCHASE AND CONTRIBUTION AGREEMENT

 

THIS AMENDMENT NO.
10 TO RECEIVABLES PURCHASE AND CONTRIBUTION AGREEMENT, dated as of July 17, 2012, and effective as of June 30, 2012 (this “Amendment”),
is between CDF Funding, Inc., a Delaware corporation, as seller (the “Seller”), and GE Dealer Floorplan Master
Note Trust, a statutory trust organized under the laws of the State of Delaware, as buyer (the “Buyer”).

 

BACKGROUND

 

WHEREAS, the Seller
and the Buyer are parties to a receivables purchase and contribution agreement, dated as of August 12, 2004 (as amended, modified
or supplemented prior to the date hereof, the “Receivables Purchase and Contribution Agreement”), and the parties hereto
desire to amend the Receivables Purchase and Contribution Agreement as set forth herein;

 

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

 

SECTION 1. Definitions.
Capitalized terms defined in the Receivables Purchase and Contribution Agreement and used but not otherwise defined herein have
the meanings given to them in the Receivables Purchase and Contribution Agreement.

 

SECTION 2. Amendment.

 

(a)            Section 1.1 of the Receivables Purchase and Contribution Agreement is hereby amended by:

 

(i)              
adding the following definitions in the appropriate alphabetical order:

 

“Credit Insurance”
means credit insurance or other similar credit enhancement with respect to a Receivable supporting payment of such Receivable or
the creditworthiness of the related Dealer.

 

“Credit Insurance Receivable”
means, at any time, any Receivable that is then covered by Credit Insurance.

 

“Insolvent Account”
means an Account which fails to meet the requirement in clause (a)(ii) of the definition of Eligible Account.

 

“Reimbursement Amount”
means, with respect to any Credit Insurance Receivable, any amounts owed to the provider of the Credit Insurance from the proceeds
of the Receivable or the Collateral Security or Collections with respect thereto covered by such Credit Insurance.

 

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“Suspended Account”
means an account designated as such through a notice delivered pursuant to Section 2.7(e) of the Receivables Sale Agreement.

 

(ii)            amending and restating the definition of “Collections” to read in its entirety as follows:

 

““Collections”
means, without duplication, the sum of (a) all payments by or on behalf of Dealers received in respect of the Transferred Receivables
(including proceeds from the realization upon any Collateral Security) in the form of cash, checks, wire transfers or any other
form of payment, (b) all payments deemed to be collections by or on behalf of Dealers received in respect of the Transferred Receivables
and (c) amounts received under or in connection with any Credit Insurance. Collections that constitute Recoveries shall be considered
to be Collections of Non-Principal Receivables; provided, that any Recoveries or other amounts received up to the Reimbursement
Amount with respect to a Credit Insurance Receivable shall be deemed not to be Collections or otherwise Collateral for any purposes
hereof.”

 

(iii)            
deleting the definition of “Non-Principal Collections” in its entirety.

 

(iv)            
amending the definition of “Permitted Encumbrances” by (i) deleting the word “and” where it appears
immediately before clause (g) therein and (ii) adding the following new clause immediately following clause (g) therein:
“and (h) any Lien in favor of, or other interest of, a provider of Credit Insurance with respect to a Credit Insurance Receivable
or other Collateral Security or Collections with respect thereto under the terms of the applicable documents governing such Credit
Insurance.

 

(v)              
deleting the definition of “Principal Collections” in its entirety.

 

(b)            Clause
(i) of Section 2.1(a) is hereby amended and restated in its entirety to read as follows:

 

“(i) the Receivables existing
at the opening of business on the Closing Date, and thereafter created from time to time (other than any Receivables arising in
an Account that is a Suspended Account at such time) until the Agreement Termination Date, together with the Collateral Security
and Collections with respect thereto and related Recoveries, in each case together with all monies due or to become due and all
amounts received or receivable with respect thereto, all Insurance Proceeds relating thereto and all amounts received in connection
with Credit Insurance relating thereto or the proceeds thereof.”

 

(c)               
Clause (x) of the third sentence of Section 2.1(b) of the Receivables Sale Agreement is hereby amended and
restated to read as follows: 

 

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“(x) such Account becomes
a Removed Account or a Suspended Account (other than an Insolvent Account) or any Suspended Account (other than an Insolvent Account)
subsequently ceases to be a Suspended Account, or”

 

(d)              
Section 2.7 of the Receivables Sale and contribution Agreement is hereby amended by adding the following new paragraph
immediately following the last paragraph thereof:

 

“Upon receipt of any notice
pursuant to Section 2.7(e) of the First Tier Agreement, the Seller shall deliver such notice to Buyer.

 

SECTION 3. Representations
and Warranties. In order to induce the parties hereto to enter into this Amendment, each of the parties hereto represents and
warrants unto the other parties hereto as set forth in this Section 3:

 

(a)               
Due Authorization, Non Contravention, etc. The execution, delivery and performance by such party of the Amendment
are within its powers, have been duly authorized by all necessary action, and do not (i) contravene its organizational documents;
or (ii) contravene any contractual restriction, law or governmental regulation or court decree or order binding on or affecting
it; and

 

(b)              
Validity, etc. This Amendment constitutes the legal, valid and binding obligation of such party enforceable against
such party in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’
rights and general equitable principles.

 

SECTION 4. Binding
Effect; Ratification.

 

(a)               
This Amendment is dated as of the date first set forth above and shall become effective, as of June 30, 2012, when counterparts
hereof shall have been executed and delivered by the parties hereto, and thereafter this Amendment shall be binding on the parties
hereto and their respective successors and assigns.

 

(b)              
The Receivables Purchase and Contribution Agreement, as amended hereby, remains in full force and effect. On and after the
date hereof, each reference in the Receivables Purchase and Contribution Agreement to “this Agreement”, “hereof”,
“hereunder” or words of like import, and each reference in any other Related Document to the Receivables Purchase and
Contribution Agreement, shall mean and be a reference to such Receivables Purchase and Contribution Agreement, as amended hereby.

 

(c)               
Except as expressly amended hereby, the Receivables Purchase and Contribution Agreement shall remain in full force and effect
and is hereby ratified and confirmed by the parties hereto.

 

SECTION 5. Miscellaneous.

  

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(a)               
THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF)
AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b)              
EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW
YORK CITY SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIM OR DISPUTES BETWEEN THEM PERTAINING TO THIS AMENDMENT
OR TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AMENDMENT; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEAL
FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY. EACH PARTY HERETO
SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO WAIVES
ANY OBJECTION THAT SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS
AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO
HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE
OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS
DETERMINED IN ACCORDANCE WITH SECTION 7.1 OF THE RECEIVABLES PURCHASE AND CONTRIBUTION AGREEMENT AND THAT SERVICE SO MADE
SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED
STATES MAIL, PROPER POSTAGE PREPAID. NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS
IN ANY OTHER MANNER PERMITTED BY LAW.

 

(c)               
BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY
AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES),
THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION
OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT,
OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH,
RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

 

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(d)              
Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment or any provision
hereof.

 

(e)               This
Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which when
executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

 

(f)               
Executed counterparts of this Amendment may be delivered electronically.

 

[SIGNATURES
FOLLOW]

 

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

 

CDF FUNDING, INC.,

as the Seller

 

 

By: /s/ John E. Peak                                                        

Name: John E. Peak

Title:   Vice President

 

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GE DEALER FLOORPLAN MASTER NOTE TRUST,

as
the Buyer

By: BNY MELLON TRUST OF DELAWARE,

       not in its individual capacity,

       but solely as the Trustee on behalf of the Buyer

 

By: /s/ Kristine K. Gullo                                        

Name: Kristine K. Gullo

Title:   Vice President

 

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                                                                                                                                                                                                                                                                                                                                                          AgreementEXHIBIT 4.3

 

SUPPLEMENT NO. 16 TO INDENTURE

 

THIS SUPPLEMENT NO.
16 TO INDENTURE, dated as of July 17, 2012, and effective as of June 30, 2012 (this “Supplement”), is between
GE Dealer Floorplan Master Note Trust, a Delaware statutory trust, as issuer (the “Issuer”), and Deutsche Bank
Trust Company Americas, a New York banking corporation, as trustee (the “Indenture Trustee”).

 

BACKGROUND

 

WHEREAS, the Issuer
and the Indenture Trustee are parties to a Master Indenture, dated as of August 12, 2004, (i) as amended by Supplement No. 1 to
Master Indenture, dated as of May 25, 2005, Supplement No. 2 to Master Indenture, dated as of April 28, 2006, Supplement No. 3
to Master Indenture, dated as of June 30, 2006, Supplement No. 4 to Master Indenture, dated as of August 10, 2006, Supplement No.
5 to Master Indenture, dated as of November 9, 2006, Supplement No. 6 to Master Indenture, dated as of May 31, 2007, Supplement
No. 7 to Master Indenture, dated as of August 2, 2007, Supplement No. 8 to Master Indenture, dated as of June 6, 2008, Supplement
No. 9 to Master Indenture, dated as of December 30, 2008, Supplement No. 10 to Master Indenture, dated as of June 26, 2009, Supplement
No. 11 to Master Indenture, dated as of August 5, 2009, Supplement No. 12 to Master Indenture, dated as of December 6, 2010, Supplement
No. 13 to Master Indenture, dated as of March 1, 2011, Supplement No. 14 to Master Indenture, dated as of December 16, 2011, and
Supplement No. 15 to Indenture, dated as of February 16, 2012 (as so amended, the “Master Indenture”),
and (ii) as supplemented by the Amended and Restated Series 2008-A Indenture Supplement, dated as of June 26, 2009 (the “Series 2008-A
Indenture Supplement”), the Series 2009-B Indenture Supplement, dated as of June 26, 2009 (the “Series 2009-B
Indenture Supplement”), the Series 2009-1 Indenture Supplement, dated as of August 13, 2009 (the “Series 2009-1
Indenture Supplement”), the Series 2009-2 Indenture Supplement, dated as of November 10, 2009 (the “Series 2009-2
Indenture Supplement”), the Series 2010-B Indenture Supplement, dated as of December 22, 2010 (the “Series 2010-B
Indenture Supplement), the Series 2011-1 Indenture Supplement, dated as of August 10, 2011 (the “Series 2011-1 Indenture
Supplement”), the Series 2011-A Indenture Supplement, dated as of September 22, 2011 (the “Series 2011-A
Indenture Supplement”), the Series 2012-1 Indenture Supplement, dated as of February 22, 2012 (the “Series
2012-1 Indenture Supplement”) and the Series 2012-2 Indenture Supplement, dated as of May 16, 2012 (the “Series
2012-2 Indenture Supplement,” and together with the Series 2008-A Indenture Supplement, the Series 2009-B Indenture Supplement,
the Series 2009-1 Indenture Supplement, the Series 2009-2 Indenture Supplement, the Series 2010-B Indenture Supplement, the Series
2011-1 Indenture Supplement, the Series 2011-A Indenture Supplement and the Series 2012-1 Indenture Supplement, the “Outstanding
Supplements”), each between the parties hereto and setting forth the terms of an outstanding Series of Notes (the Master
Indenture, as so amended and supplemented, the “Indenture”), is hereby amended as described below;

 

WHEREAS, the parties
hereto desire to amend the Master Indenture and the Outstanding Supplements as set forth herein; and

 

WHEREAS, this Supplement
is being entered into pursuant to Section 9.1(b) of the Master Indenture, and all conditions precedent to the execution
of this Supplement, as set forth in such Section 9.1(b), have been satisfied.

 

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

 

SECTION 1.   
Definitions. Capitalized terms defined in the Indenture and used but not otherwise defined herein have the meanings
given to them in the Indenture.

 

SECTION 2.   
Amendments to Indenture.

 

(a)            Clause
(a) of the granting clause of the Master Indenture is hereby amended and restated in its entirety to read as follows:

 

“(a)all
rights, remedies, power, privileges and claims of the Issuer under or with respect to any Credit Insurance related to any Transferred
Receivable and all amounts received by the Issuer under or in connection with any such Credit Insurance;”

 

(b)           Section
1.1 of the Master Indenture is hereby amended by:

 

(i)              adding the following definitions in the appropriate alphabetical order:

 

“Credit
Insurance” means credit insurance or other similar credit enhancement with respect to a Receivable supporting payment
of such Receivable or the creditworthiness of the related Dealer.

 

“Credit
Insurance Receivable” means, at any time, any Receivable that is then covered by a Credit Insurance.

 

“Reimbursement
Amount” means, with respect to any Credit Insurance Receivable, any amounts owed to the provider of the Credit Insurance
from the proceeds of the Receivable or the Collateral Security or Collections with respect thereto covered by such Credit Insurance.

 

(ii)            amending
and restating the first and second sentences of the definition of “Collections” to read in their entirety as follows:

 

““Collections”
means, without duplication, the sum of (a) all payments by or on behalf of Dealers received in respect of the Transferred Receivables
(including proceeds from the realization upon any Collateral Security) in the form of cash, checks, wire transfers or any other
form of payment, (b) all payments deemed to be collections by or on behalf of Dealers received in respect of the Transferred Receivables
and (c) amounts received under or in connection with any Credit Insurance. Collections of Non-Principal Receivables shall include
all Recoveries; provided, that any Recoveries or other amounts received up to the Reimbursement Amount with respect to a Credit
Insurance Receivable 

 

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shall
be deemed not to be Collections or otherwise Collateral for any purposes hereof.”

 

(iii)           amending
and restating the definition of “Non-Principal Collections” to read in its entirety as follows:

 

““Non-Principal
Collections” means the sum of (a) Collections of interest and all other non-principal charges (including insurance service
fees and handling fees) on the Receivables, provided that if the Master Servicer does not allocate such non-principal charges to
specific Receivables, the amounts received shall constitute “Non-Principal Collections” pursuant to this clause
(a) if they are paid by a Dealer which is an obligor of an Account; (b) all Recoveries; provided, that any Recoveries or other
amounts received up to the Reimbursement Amount with respect to a Credit Insurance Receivable shall be deemed not to be Collections
or otherwise Collateral for any purposes hereof; (c) all interest and earnings on investments included in the Excess Funding Account,
net of losses and investment expenses; (d) payments by Dealers of Manufacturer Discount Amounts (including amounts deemed to be
payments of such Manufacturer Discounts Amounts); (e) payments by manufacturers of Manufacturer Subsidy Amounts; (f) amounts deemed
to be collections of interest and non-principal charges by or on behalf of Dealers; (g) amounts received by the Issuer under or
in connection with any Credit Insurance to the extent not allocated by the Master Servicer as Principal Collections in accordance
with its current practices and (h) the product of (i) any other Collections not described in the preceding clauses (a) through
(g) of this definition, multiplied by (ii) the Discount Factor.”

 

(iv)            
amending and restating the definition of “Outstanding Balance” to read in its entirety as follows:

 

““Outstanding
Balance” means, with respect to any Principal Receivable, the outstanding amount of such Principal Receivable, provided,
that the Outstanding Balance of a Defaulted Receivable shall equal zero, and, solely for purposes of calculating the Aggregate
Principal Receivables at any time, if any portion of a Principal Receivable has been charged off as uncollectible in accordance
with the applicable Originator’s customary and usual servicing procedures for servicing Dealer receivables comparable to
the Receivables which have not been sold to third parties, the entire Outstanding Balance of such Principal Receivable shall equal
zero.”

 

(v)             amending
the definition of “Permitted Encumbrances” by (i) deleting the word “and” where it appears immediately
before clause (g) therein and (ii) adding the following new clause immediately following clause (g) therein: “and
(h) any Lien in favor of, or other interest of, a provider of Credit Insurance with respect to a Credit Insurance Receivable or
other Collateral 

 

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Security or Collections with respect thereto under the terms of the applicable documents governing such Credit
Insurance.

 

(vi)           amending
the definition of “Principal Collections” to add the following new sentence immediately following the last sentence
thereof:

 

“Amounts
received under or in connection with any Credit Insurance to the extent not allocated as Non-Principal Collections by the Master
Servicer in accordance with its current practices shall be deemed to be Principal Collections.”

 

SECTION 3.   
Amendments to Series 2008-A Indenture Supplement. Section 4.3 of the Series 2008-A Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2008-A Indenture Supplement
attached hereto as Exhibit A-1.

 

SECTION 4.   
Amendments to Series 2009-B Indenture Supplement. Section 4.3 of the Series 2009-B Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2009-B Indenture Supplement
attached hereto as Exhibit A-2.

 

SECTION 5.   
Amendments to Series 2009-1 Indenture Supplement. Section 4.3 of the Series 2009-1 Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2009-1 Indenture Supplement
attached hereto as Exhibit A-3.

 

SECTION 6.   
Amendments to Series 2009-2 Indenture Supplement. Section 4.3 of the Series 2009-2 Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2009-2 Indenture Supplement
attached hereto as Exhibit A-4.

 

SECTION 7.   
Amendments to Series 2010-B Indenture Supplement. Section 4.3 of the Series 2010-B Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2010-B Indenture Supplement
attached hereto as Exhibit A-5.

 

SECTION 8.   
Amendments to Series 2011-1 Indenture Supplement. Section 4.3 of the Series 2011-1 Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2011-1 Indenture Supplement
attached hereto as Exhibit A-6.

 

SECTION 9.   
Amendments to Series 2011-A Indenture Supplement. Section 4.3 of the Series 2011-A Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2011-A Indenture Supplement
attached hereto as Exhibit A-7.

 

SECTION 10.  Amendments
to Series 2012-1 Indenture Supplement.

 

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(a)           
Section 1.1 of the Series 2012-1 Indenture Supplement is hereby amended as follows:

 

(i)             The
definition of “Class A Note Initial Principal Balance” is amended and restated in its entirety to read as follows:

 

““Class
A Note Initial Principal Balance” means seven hundred fifty million dollars ($750,000,000).”

 

(ii)            The
definition of “Class B Note Initial Principal Balance” is amended and restated in its entirety to read as follows:

 

““Class
B Note Initial Principal Balance” means fifteen million seven hundred eighty-nine thousand five hundred dollars ($15,789,500).”

 

(iii)           The
definition of “Class C Note Initial Principal Balance” is amended and restated in its entirety to read as
follows:

 

““Class
C Note Initial Principal Balance” means twenty-three million six hundred eighty-four thousand dollars ($23,684,000).”

 

(b)              
Section 4.3 of the Series 2012-1 Indenture Supplement is hereby amended to incorporate the changes to such Section
shown on the marked pages of the Series 2012-1 Indenture Supplement attached hereto as Exhibit A-8.

 

SECTION 11.                       
Amendments to Series 2012-2 Indenture Supplement. Section 4.3 of the Series 2012-2 Indenture Supplement
is hereby amended to incorporate the changes to such Section shown on the marked pages of the Series 2012-2 Indenture Supplement
attached hereto as Exhibit A-9.

 

SECTION 12.                       
Amendments to Outstanding Indenture Supplements. Each of (i) the form of Monthly Servicer’s Certificate
attached as Exhibit B to each of the Series 2008-A Indenture Supplement, the Series 2009-B Indenture Supplement, the Series
2009-1 Indenture Supplement, the Series 2010-B Indenture Supplement, the Series 2011-1 Indenture Supplement, the Series 2011-A
Indenture Supplement, the Series 2012-1 Indenture Supplement and the Series 2012-2 Indenture Supplement and (ii) the form of Monthly
Servicer’s Certificate attached as Exhibit E to the Series 2009-2 Indenture Supplement are hereby amended by:

 

(a)               
 adding the following new section immediately preceding the section entitled “Overconcentrations” therein:

 

	 	“Aggregate Principal
Receivables	 
	 	 	  
	 	End of Month Balance	$[     ] 
	 	Adjustment for charged-off Receivables	$[     ] 
	 	Aggregate Principal Receivables	$[     ]” 

 

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(b)              
adding an additional row entitled “180 plus” to the table under the section entitled “Delinquency”
therein.

 

SECTION 13.                       
Representations and Warranties. In order to induce the parties hereto to enter into this Supplement, each of
the parties hereto represents and warrants unto the other parties hereto as follows:

 

(a)               
Due Authorization, Non Contravention, etc. The execution, delivery and performance by such party of this Supplement
are within its powers, have been duly authorized by all necessary action, and do not (i) contravene its organizational documents
or (ii) contravene any contractual restriction, law or governmental regulation or court decree or order binding on or affecting
it; and

 

(b)              
Validity, etc. This Supplement constitutes the legal, valid and binding obligation of such party enforceable against
such party in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’
rights and general equitable principles.

 

SECTION 14.                       
Binding Effect; Ratification.

 

(a)               
This Supplement is dated as of the date first set forth above and shall become effective as of June 30, 2012 when counterparts
hereof shall have been executed and delivered by the parties hereto and thereafter shall be binding on the parties hereto and their
respective successors and assigns.

 

(b)              
The Indenture, as supplemented hereby, remains in full force and effect. On and after the date hereof, each reference in
the Master Indenture to “this Indenture”, “hereof”, “hereunder” or words of like import, and
each reference in any other Related Document to the Indenture, shall mean and be a reference to such Indenture, as supplemented
hereby.

 

(c)               
Except as expressly supplemented hereby, the Master Indenture shall remain in full force and effect and is hereby ratified
and confirmed by the parties hereto.

 

SECTION 15.                       
Miscellaneous.

 

(a)               
THIS SUPPLEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAWS PROVISIONS THEREOF)
AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b)              
EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW
YORK CITY SHALL HAVE EXCLUSIVE JURISDICTION 

 

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TO HEAR
AND DETERMINE ANY CLAIM OR DISPUTES BETWEEN THEM PERTAINING TO THIS SUPPLEMENT OR TO ANY MATTER ARISING OUT OF OR RELATED TO THIS
SUPPLEMENT; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEAL FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT
LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY; PROVIDED, FURTHER, THAT NOTHING IN THIS SUPPLEMENT
SHALL BE DEEMED OR OPERATE TO PRECLUDE THE INDENTURE TRUSTEE FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION
TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE NOTES, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE
INDENTURE TRUSTEE. EACH PARTY HERETO SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY
SUCH COURT, AND EACH PARTY HERETO WAIVES ANY OBJECTION THAT SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER
VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS
DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS
ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED
OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS DETERMINED IN ACCORDANCE WITH SECTION 10.4 OF THE MASTER INDENTURE
AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS
AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO
TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

 

(c)               
BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY
AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES),
THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION
OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT,
OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH,
RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS SUPPLEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

 

(d)              
Headings used herein are for convenience of reference only and shall not affect the meaning of this Supplement or any provision
hereof.

 

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(e)               
This Supplement may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each
of which when executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement.

 

(f)               
BNY Mellon Trust of Delaware acts solely as the Trustee hereunder and not in its individual capacity and all Persons having
any claim against the Trustee by reason of the transactions contemplated by this Supplement shall look only to the Trust Estate
for payment or satisfaction thereof.

 

(g)              
Executed counterparts of this Supplement may be delivered electronically.

 

(h)              
By execution hereof, the Indenture Trustee hereby consents to (i) the amendment to Exhibit B of each of the Series
2008-A Indenture Supplement, the Series 2009-B Indenture Supplement, the Series 2009-1 Indenture Supplement, the Series 2010-B
Indenture Supplement, the Series 2011-1 Indenture Supplement, the Series 2011-A Indenture Supplement, the Series 2012-1 Indenture
Supplement and the Series 2012-2 Indenture Supplement and (ii) the amendment to Exhibit E of the Series 2009-2 Indenture
Supplement, in each case, as set forth in Section 12 above.

 

 

 

[Signature Page Follows]

 

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

 

GE DEALER FLOORPLAN MASTER NOTE TRUST

 

By:BNY
mellon trust of delaware,

      not in its individual capacity,

      but solely on behalf of the Issuer

 

 

By: /s/ Kristine K. Gullo                                                          

Name:  Kristine K. Gullo

Title:    Vice President

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DEUTSCHE BANK TRUST COMPANY AMERICAS,

not in its individual capacity,

but solely as the Indenture Trustee

By: /s/ Mark Esposito                                                            

Name: Mark Esposito

Title:   Associate

 

By: /s/ Louis Bodi                                                                   

Name: Louis Bodi

Title:   Vice President

 

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EXHIBIT A-1

 

Marked Pages of Series 2008-A Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-1	Exhibit
                                                                                                                                                                                                                                                                                                                                                          A-1
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SECTION 4.3.    Calculations and
Series Allocations.

 

(a)          Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2008-A pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is
permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated to the
Series 2008-A Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited into the
Collection Account, the Non- Principal Account, the Principal Account or any other Series Account prior to the related Transfer
Date, and, when so deposited. Notwithstanding anything to the contrary in Section 8.4 of the Indenture
or Section 4.3(b), amounts allocated to the Series 2008-A Noteholders pursuant to Section 4.3(b), (i) may be deposited
net of any amounts required to be released to the Issuer or the holders of the Transferor Interest and, if an Originator
or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer, and (ii) shall be deposited
into the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account (in the case of Principal
Collections (not including any Shared Principal Collections allocated to Series 2008-A pursuant to Section 8.5 of the Indenture)),
and are not required to be deposited to the Collection Account prior to being deposited in the applicable Series Account or other
Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required to be released to the Issuer,
to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate of an Originator is the
Master Servicer) need not be deposited into the Collection Account or any Series Account.

 

(b)          Allocations
to the Series 2008-A Noteholders. The Issuer shall, on each Date of Processing, after giving effect to allocations in respect
of Dealer Overconcentrations, Manufacturer Overconcentrations and Product Line Overconcentrations pursuant to Section 8.4
of the Indenture, allocate to the Series 2008-A Noteholders the following amounts as set forth below:

 

(i)          Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2008-A Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Amortization Period falling on or after the
day on which Principal Collections equal to the sum of the Note Principal Balance plus the Principal Overcollateralization Amount
have been allocated pursuant to Section 4.3(b)(ii) and deposited pursuant to Section 4.3(a)), Non-Principal Collections
shall be transferred into the Non-Principal Account only until such time as the aggregate amount so deposited equals the sum of
the amounts contemplated to be paid or deposited pursuant to Section 4.4(a) on the related Transfer Date or Payment Date
(the “Target Amount”); and any Non-Principal Collections allocated to the Series 2008-A Noteholders but not
deposited into the Non-Principal Account due to the operation of this proviso shall be released to the Issuerholders
of the Transferor Interest; provided, further, if on any Transfer Date the Free Equity Amount is less than
the Minimum Free Equity Amount after giving effect to all transfers and deposits on that Transfer Date, the Issuer shall 

 

    	Exhibit A-1 – Page 1

    	 

    

 

cause the holders of the Transferor
Interest, on that Transfer Date, to deposit into the Principal Account funds in an amount equal to the amounts
of Available Non-Principal Collections that are required to be treated as Available Principal Collections pursuant to Sections
4.4(a)(vi) and (vii) but are not available from funds in the Non-Principal Account as a result of the operation of the preceding
proviso. 

 

With respect to any Monthly Period when
deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target Amount in accordance
with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal Collections” for
the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2008-A
Noteholders during that Monthly Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance
with Section 4.4(a); and (2) Non-Principal Collections released to the Issuerholders of the Transferor
Interest pursuant to clause (i) above shall be deemed, for purposes of all calculations under this Indenture Supplement,
to have been applied to the items specified in Section 4.4(a) to which such amounts would have been applied (and in the
priority in which they would have been applied) had such amounts been available in the Non-Principal Account on such Transfer
Date. To avoid doubt, the calculations referred to in the preceding clause (2) include the calculations required by clause
(b)(ii) of the definition of Collateral Amount.

 

(ii)          Allocations
of Principal Collections. The Issuer shall allocate to the Series 2008-A Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period an amount equal to the product of the Allocation Percentage and
the aggregate amount of Principal Collections processed on such Date of Processing, shall be allocated to the Series 2008-A
Noteholders and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be
made available on that Transfer Date for application in accordance with Section 4.7, second, if any other
Principal Sharing Series is outstanding and in its accumulation period or amortization period, shall be deposited
and retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to
other Principal Sharing Series on the related Payment Date, third, shall be deposited in the Excess Funding Account to
the extent necessary so that the Free Equity Amount is not less than the Minimum Free Equity Amount, and fourth, any
remaining amounts shall be released to the Issuer holders of the Transferor Interest; provided,
however, if the allocation in this clause (ii)(x) relates to a Monthly Period with respect to which the Partial
Amortization Date will occur on the related Payment Date, and so long as there are no Reallocated Principal Collections for
the related Transfer Date and the Free Equity Amount is not less than the Minimum Free Equity Amount, such amount of
Principal Collections up to the Partial Amortization Amount shall be allocated to the Series 2008-A Noteholders and
transferred to the Principal Account and applied as set forth in Section 4.4(b), and any such amounts of Principal
Collections in excess of the Partial Amortization Amount so allocated shall be first, if

 

    	Exhibit A-1 – Page 2

    	 

    

 

any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, shall be deposited
and retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other
Principal Sharing Series on the related Payment Date, and second, any remaining amounts shall be released
to the Issuerholders of the Transferor Interest. 

 

(y)          Allocations
During the Controlled Amortization Period. During the Controlled Amortization Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2008-A Noteholders and transferred to the Principal Account until applied as provided herein; provided, that
after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal
Account, such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its
accumulation period or amortization period, deposited and retained in the Principal Account for application, to
the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, second,
deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free
Equity Amount, and third, any remaining amounts shall be released to the Issueholders
of the Transferor Interest.

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2008-A Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, second, deposited in the
Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free Equity Amount,
and third, any remaining amounts shall be released to the Issuerholders of the Transferor
Interest.

 

    	 Exhibit A-1 – Page 3 

    	 	

    
 

EXHIBIT A-2

 

Marked Pages of Series 2009-B Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-2	Exhibit A-2 to Supplement
                                                                                                                                                                                                                                                                                                                                                          No.
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SECTION 4.3. Calculations and Series Allocations.

 

(a)          Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2009-B pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is
permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated
to the Series 2009-B Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited
into the Collection Account, the Non-Principal Account, the Principal Account or any other Series Account prior
to the related Transfer Date, and, when so deposited. Notwithstanding anything to the contrary in Section
8.4 of the Indenture or Section 4.3(b), amounts allocated to the Series 2009-B Noteholders pursuant to Section 4.3(b),
(i) may be deposited net of any amounts required to be released to the Issuer or the holders of the Transferor Interest
and, if an Originator or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer,
and (ii) shall be deposited into the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account
(in the case of Principal Collections (not including any Shared Principal Collections allocated to Series 2009-B pursuant to Section
8.5 of the Indenture)), and are not required to be deposited to the Collection Account prior to being deposited in the
applicable Series Account or other Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required
to be released to the Issuer, to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate
of an Originator is the Master Servicer) need not be deposited into the Collection Account or any Series Account. 

 

(b)          Allocations
to the Series 2009-B Noteholders. The Issuer shall, for each Date of Processing on or after the first day of the Monthly Period
in which the Closing Date occurs, after giving effect to allocations in respect of Dealer Overconcentrations, Manufacturer Overconcentrations
and Product Line Overconcentrations pursuant to Section 8.4 of the Indenture, allocate to the Series 2009-B Noteholders
the following amounts as set forth below:

 

(i)          Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2009-B Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Amortization Period falling on or after the
day on which Principal Collections equal to the sum of the Note Principal Balance plus the Principal Overcollateralization
Amount have been allocated pursuant to Section 4.3(b)(ii) and deposited pursuant to Section 4.3(a)), Non-Principal
Collections shall be transferred into the Non-Principal Account only until such time as the aggregate amount so deposited equals
the sum of the amounts contemplated to be paid or deposited pursuant to Section 4.4(a) on the related Transfer Date or
Payment Date (the “Target Amount”); and any Non-Principal Collections allocated to the Series 2009-B Noteholders
but not deposited into the Non-Principal Account due to the operation of this proviso shall be released to the Issuerholders
of the Transferor Interest; provided, further, if on any Transfer Date the Free Equity Amount is less than
the Minimum Free Equity Amount after giving effect to all transfers and deposits on that Transfer Date, the Issuer shall 

 

    	Exhibit A-2 – Page 1

    	 

    

 

cause the holders of the Transferor Interest,
on that Transfer Date, to deposit into the Principal Account funds in an amount equal to the amounts of Available
Non-Principal Collections that are required to be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi)
and (vii) but are not available from funds in the Non-Principal Account as a result of the operation of the preceding
proviso. 

 

With respect to any Monthly Period
when deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target Amount in
accordance with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal
Collections” for the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections
allocated to the Series 2009-B Noteholders during that Monthly Period had been deposited in the Non-Principal Account and
applied on such Transfer Date in accordance with Section 4.4(a); and
(2) Non-Principal Collections released to the Issuerholders
of the Transferor Interest pursuant to clause (i) above shall be deemed, for purposes of all calculations
under this Indenture Supplement, to have been applied to the items specified in Section 4.4(a) to which such amounts
would have been applied (and in the priority in which they would have been applied) had such amounts been available in the
Non-Principal Account on such Transfer Date. To avoid doubt, the calculations referred to in the preceding clause (2)
include the calculations required by clause (b)(ii) of the definition of Collateral Amount.

 

(ii)          Allocations
of Principal Collections. The Issuer shall allocate to the Series 2009-B Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period, an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2009-B Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available
on that Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, shall be deposited and retained in the Principal
Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related
Payment Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount
is not less than the Minimum Free Equity Amount, and fourth, any remaining amounts shall be released to the
Issuerholders of the Transferor Interest.

 

(y)          Allocations
During the Controlled Amortization Period. During the Controlled Amortization Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2009-B Noteholders and transferred to the Principal Account until applied as provided herein; provided, that
after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal
Account, such amounts in excess thereof 

 

    	Exhibit A-2 – Page 2

    	 

    

 

shall be first, if any other Principal Sharing
Series is outstanding and in its accumulation period or amortization period, deposited and retained in the Principal
Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related
Payment Date, second, deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is
not less than the Minimum Free Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest.

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2009-B Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, second, deposited in the
Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free Equity Amount,
and third, any remaining amounts shall be released to the Issuerholders of the Transferor
Interest.

 

    
		 Exhibit A-2 – Page 3

    	 	

    
 

EXHIBIT A-3

 

Marked Pages of Series 2009-1 Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-3	 Exhibit A-3 to Supplement
                                                                                                                                                                                                                                                                                                                                                          No.
                                                                                                                                                                                                                                                                                                                                                          16
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SECTION 4.3.
Calculations and Series Allocations.

 

(a)          Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2009-1 pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is permitted
by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated to the Series
2009-1 Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited into the Collection
Account, the Non-Principal Account, the Principal Account or any other Series Account prior to the related Transfer
Date, and, when so deposited. Notwithstanding anything to the contrary in Section 8.4 of the Indenture or
Section 4.3(b), amounts allocated to the Series 2009-1 Noteholders pursuant to Section 4.3(b), (x) may be deposited net
of any amounts required to be released to the Issuer or the holders of the Transferor Interest and, if an Originator
or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer, and (y) shall be deposited into
the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account (in the case of Principal Collections
(not including any Shared Principal Collections allocated to Series 2009-1 pursuant to Section 8.5 of the Indenture)),
and are not required to be deposited to the Collection Account prior to being deposited in the applicable Series Account or other
Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required to be released to the Issuer,
to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate of an Originator is the Master
Servicer) need not be deposited into the Collection Account or any Series Account.

 

(b)          Allocations
to the Series 2009-1 Noteholders. The Issuer shall, on each Date of Processing, after giving effect to allocations in respect
of Dealer Overconcentrations, Manufacturer Overconcentrations and Product Line Overconcentrations pursuant to Section 8.4 of
the Indenture, allocate to the Series 2009-1 Noteholders the following amounts as set forth below:

 

(i)          Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2009-1 Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, so long as, with respect to each Monthly Period falling in
the Revolving Period (and with respect to that portion of each Monthly Period in the Controlled Accumulation Period falling on
or after the day on which Principal Collections equal to the related Controlled Deposit Amount have been allocated pursuant to
Section 4.3(b)(ii) and deposited pursuant to Section 4.3(a)), Non-Principal Collections shall be transferred into
the Non-Principal Account only until such time as the aggregate amount so deposited equals the sum (the “Target Amount”)
of the amounts contemplated to be paid or deposited pursuant to Section 4.4(a) on the related Transfer Date or Payment
Date; and any Non-Principal Collections allocated to the Series 2009-1 Noteholders but not deposited into the Non-Principal Account
due to the operation of this proviso shall be released to the Issuerholders of the Transferor Interest;
provided, further, if on any Transfer Date the Free Equity Amount is less than the Minimum Free Equity Amount after
giving effect to all transfers and deposits on that Transfer Date, the Issuer shall cause the holders of

 

    	Exhibit A-3 – Page 1

    	 

    

 

the Transferor Interest, on that Transfer
Date, to deposit into the Principal Account funds in an amount equal to the amounts of Available Non-Principal Collections
that are required to be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi) and (vii) but
are not available from funds in the Non-Principal Account as a result of the operation of the preceding proviso. 

 

With respect to any Monthly Period
when deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target Amount in
accordance with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal
Collections” for the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections
allocated to the Series 2009-1 Noteholders during that Monthly Period had been deposited in the Non-Principal Account and
applied on such Transfer Date in accordance with Section 4.4(a); and
(2) Non-Principal Collections released to the Issuerholders
of the Transferor Interest pursuant to clause (i) above shall be deemed, for purposes of all calculations
under this Indenture Supplement, to have been applied to the items specified in Section 4.4(a) to which such amounts
would have been applied (and in the priority in which they would have been applied) had such amounts been available in the
Non-Principal Account on such Transfer Date. To avoid doubt, the calculations referred to in the preceding clause (2)
include the calculations required by clause (b)(ii) of the definition of Collateral Amount.

 

(ii)          Allocations
of Principal Collections. The Issuer shall allocate to the Series 2009-1 Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing, shall be allocated to the Series 2009-1 Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available on that
Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series is outstanding
and in its accumulation period or amortization period, shall be deposited and retained in the Principal Account for
application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment
Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less
than the Minimum Free Equity Amount, and fourth, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest.

 

(y)          Allocations
During the Controlled Accumulation Period. During the Controlled Accumulation Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2009-1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that
after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal
Account, such amounts in excess thereof 

 

    	Exhibit A-3 – Page 2

    	 

    

 

shall be first, if any other Principal Sharing
Series is outstanding and in its accumulation period or amortization period, deposited and retained in the Principal
Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related
Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that the
Free Equity Amount is not less than the Minimum Free Equity Amount, and third, any remaining amounts shall
be released to the Issuerholders of the Transferor Interest.

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2009-1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second,
deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free
Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest.

 

    	 Exhibit A-3 – Page 3

    	 	

    
 

EXHIBIT A-4

 

Marked Pages of Series 2009-2 Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-4	Exhibit A-4 to Supplement
                                                                                                                                                                                                                                                                                                                                                          No.
                                                                                                                                                                                                                                                                                                                                                          16
                                                                                                                                                                                                                                                                                                                                                          to
                                                                                                                                                                                                                                                                                                                                                          Indenture

    	 

    
 

 

SECTION 4.3. Calculations and Series Allocations.

 

(a)          Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2009-2 pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is permitted
by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated to the Series
2009-2 Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited into the Collection
Account, the Non-Principal Account, the Principal Account or any other Series Account prior to the related Transfer
Date, and, when so deposited. Notwithstanding anything to the contrary in Section 8.4 of the Indenture or
Section 4.3(b), amounts allocated to the Series 2009-2 Noteholders pursuant to Section 4.3(b), (x) may be deposited net
of any amounts required to be released to the Issuer or the holders of the Transferor Interest and, if an Originator
or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer, and (y) shall be deposited into
the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account (in the case of Principal Collections
(not including any Shared Principal Collections allocated to Series 2009-2 pursuant to Section 8.5 of the Indenture)),
and are not required to be deposited to the Collection Account prior to being deposited in the applicable Series Account or other
Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required to be released to the Issuer,
to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate of an Originator is the Master
Servicer) need not be deposited into the Collection Account or any Series Account.

 

(b)           Allocations
to the Series 2009-2 Noteholders. The Issuer shall, on each Date of Processing, after giving effect to allocations in respect
of Dealer Overconcentrations, Manufacturer Overconcentrations and Product Line Overconcentrations pursuant to Section 8.4 of
the Indenture, allocate to the Series 2009-2 Noteholders the following amounts as set forth below:

 

(i)           Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2009-2 Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, so long as, with respect to each Monthly Period falling in
the Revolving Period (and with respect to that portion of each Monthly Period in the Controlled Accumulation Period falling on
or after the day on which Principal Collections equal to the related Controlled Deposit Amount have been allocated pursuant to
Section 4.3(b)(ii) and deposited pursuant to Section 4.3(a)), Non-Principal Collections shall be transferred into
the Non-Principal Account only until such time as the aggregate amount so deposited equals the sum (the “Target Amount”)
of the amounts contemplated to be paid or deposited pursuant to Section 4.4(a) on the related Transfer Date or Payment
Date; and any Non-Principal Collections allocated to the Series 2009-2 Noteholders but not deposited into the Non-Principal Account
due to the operation of this proviso shall be released to the Issuerholders of the Transferor Interest;
provided, further, if on any Transfer Date the Free Equity Amount is less than the Minimum Free Equity Amount after
giving effect to all transfers and deposits on that Transfer Date, the Issuer shall cause the holders of

 

    	Exhibit A-4 – Page 1

    	 

    

 

the Transferor Interest, on that Transfer
Date, to deposit into the Principal Account funds in an amount equal to the amounts of Available Non-Principal Collections
that are required to be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi) and (vii) but
are not available from funds in the Non-Principal Account as a result of the operation of the preceding proviso. 

 

With respect to any Monthly Period when deposits of Non-Principal
Collections into the Non-Principal Account are limited to deposits up to the Target Amount in accordance with clause (i)
above, notwithstanding such limitation: (1) “Reallocated Principal Collections” for the related Transfer Date
shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2009-2 Noteholders during that Monthly
Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance with Section 4.4(a);
and (2) Non-Principal Collections released to the Issuerholders of the Transferor Interest pursuant
to clause (i) above shall be deemed, for purposes of all calculations under this Indenture Supplement, to have been applied
to the items specified in Section 4.4(a) to which such amounts would have been applied (and in the priority in which they
would have been applied) had such amounts been available in the Non-Principal Account on such Transfer Date. To avoid doubt, the
calculations referred to in the preceding clause (2) include the calculations required by clause (b)(ii) of the definition
of Collateral Amount.

 

(ii)          Allocations
of Principal Collections. The Issuer shall allocate to the Series 2009-2 Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing, shall be allocated to the Series 2009-2 Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available on that
Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series is outstanding
and in its accumulation period or amortization period, shall be deposited and retained in the Principal Account for
application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment
Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less
than the Minimum Free Equity Amount, and fourth, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest.

 

(y)          Allocations
During the Controlled Accumulation Period. During the Controlled Accumulation Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2009-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that
after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal
Account, such amounts in excess thereof shall 

 

    	Exhibit A-4 – Page 2

    	 

    

 

be first, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, deposited and retained in the Principal Account
for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment
Date, and second, deposited in the Excess Funding Account to the extent necessary so that the Free Equity
Amount is not less than the Minimum Free Equity Amount, and third, any remaining amounts shall be released
to the Issuerholders of the Transferor Interest.

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2009-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second,
deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free
Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest.

 

    	 Exhibit A-4 – Page 3

    	 	

    
 

EXHIBIT A-5

 

Marked Pages of Series 2010-B Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-5	Exhibit A-5 to Supplement
                                                                                                                                                                                                                                                                                                                                                          No.
                                                                                                                                                                                                                                                                                                                                                          16
                                                                                                                                                                                                                                                                                                                                                          to
                                                                                                                                                                                                                                                                                                                                                          Indenture

    	 

    
 

 

SECTION 4.3. Calculations
and Series Allocations.

 

(a)                    Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2010-B pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is
permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated
to the Series 2010-B Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited
into the Collection Account, the Non-Principal Account, the Principal Account or any other Series Account prior
to the related Transfer Date, and, when so deposited. Notwithstanding anything to the contrary in Section
8.4 of the Indenture or Section 4.3(b), amounts allocated to the Series 2010-B Noteholders pursuant to Section 4.3(b),
(i) may be deposited net of any amounts required to be released to the Issuer or the holders of the Transferor Interest
and, if an Originator or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer,
and (ii) shall be deposited into the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account
(in the case of Principal Collections (not including any Shared Principal Collections allocated to Series 2010-B pursuant to Section
8.5 of the Indenture)), and are not required to be deposited to the Collection Account prior to being deposited in the
applicable Series Account or other Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required
to be released to the Issuer, to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate
of an Originator is the Master Servicer) need not be deposited into the Collection Account or any Series Account. 

 

(b)                    Allocations
to the Series 2010-B Noteholders. The Issuer shall, for each Date of Processing on or after the first day of the Monthly Period
in which the Closing Date occurs, after giving effect to allocations in respect of Dealer Overconcentrations, Manufacturer Overconcentrations
and Product Line Overconcentrations pursuant to Section 8.4 of the Indenture, allocate to the Series 2010-B Noteholders
the following amounts as set forth below: 

 

(i)                   Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2010-B Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Amortization Period falling on or after the
day on which Principal Collections equal to the sum of the Note Principal Balance plus the Principal Overcollateralization
Amount have been allocated pursuant to Section 4.3(b)(ii) and deposited pursuant to Section 4.3(a)), Non-Principal
Collections shall be transferred into the Non-Principal Account only until such time as the aggregate amount so deposited equals
the sum of the amounts contemplated to be paid or deposited pursuant to Section 4.4(a) on the related Transfer Date or
Payment Date (the “Target Amount”); and any Non-Principal Collections allocated to the Series 2010-B Noteholders
but not deposited into the Non-Principal Account due to the operation of this proviso shall be released to the Issuerholders
of the Transferor Interest; provided, further, if on any Transfer Date the Free Equity Amount is less than
the Minimum Free Equity Amount 

  

    	Exhibit A-5 –  Page 1

    	 

    

 

after giving effect to all transfers and deposits on that Transfer Date, the Issuer shall cause
the holders of the Transferor Interest, on that Transfer Date, to deposit into the Principal Account funds
in an amount equal to the amounts of Available Non-Principal Collections that are required to be treated as Available Principal
Collections pursuant to Sections 4.4(a)(vi) and (vii) but are not available from funds in the Non-Principal Account
as a result of the operation of the preceding proviso.  

 

With respect to any
Monthly Period when deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target
Amount in accordance with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal Collections”
for the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2010-B
Noteholders during that Monthly Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance
with Section 4.4(a); and (2) Non-Principal Collections released to the Issuerholders of the Transferor
Interest pursuant to clause (i) above shall be deemed, for purposes of all calculations under this Indenture Supplement,
to have been applied to the items specified in Section 4.4(a) to which such amounts would have been applied (and in the
priority in which they would have been applied) had such amounts been available in the Non-Principal Account on such Transfer Date.
To avoid doubt, the calculations referred to in the preceding clause (2) include the calculations required by clause
(b)(ii) of the definition of Collateral Amount.

 

(ii)                  Allocations
of Principal Collections. The Issuer shall allocate to the Series 2010-B Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period, an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2010-B Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available
on that Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, shall be deposited and retained in the Principal
Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related
Payment Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount
is not less than the Minimum Free Equity Amount, and fourth, any remaining amounts shall be released to the
Issuerholders of the Transferor Interest.

 

(y)          Allocations
During the Controlled Amortization Period. During the Controlled Amortization Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2010-B Noteholders and transferred to the Principal Account until applied as provided herein; provided,
that after the date on which an amount of such Principal Collections equal to the Monthly Principal has 

 

    	Exhibit A-5 – Page 2

    	 

    

 

been
deposited into the Principal Account, such amounts in excess thereof shall be first, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, deposited and retained in the Principal Account
for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment
Date, second, deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less
than the Minimum Free Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest. 

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2010-B Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, second, deposited in the
Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free Equity Amount,
and third, any remaining amounts shall be released to the Issuerholders of the Transferor
Interest. 

  

    	 Exhibit A-5 – Page 3

    	 	

    
 

EXHIBIT A-6

 

Marked Pages of Series 2011-1 Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-6	Exhibit A-6 to Supplement
                                                                                                                                                                                                                                                                                                                                                          No.
                                                                                                                                                                                                                                                                                                                                                          16
                                                                                                                                                                                                                                                                                                                                                          to
                                                                                                                                                                                                                                                                                                                                                          Indenture

    	 

    

 

 

SECTION 4.3. Calculations
and Series Allocations.

 

(a)                    Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2011-1 pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is
permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated
to the Series 2011-1 Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited
into the Collection Account, the Non-Principal Account, the Principal Account or any other Series Account prior
to the related Transfer Date, and, when so deposited. Notwithstanding anything to the contrary in Section
8.4 of the Indenture or Section 4.3(b), amounts allocated to the Series 2011-1 Noteholders pursuant to Section 4.3(b),
(x) may be deposited net of any amounts required to be released to the Issuer or the holders of the Transferor Interest
and, if an Originator or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer,
and (y) shall be deposited into the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account
(in the case of Principal Collections (not including any Shared Principal Collections allocated to Series 2011-1 pursuant to Section
8.5 of the Indenture)), and are not required to be deposited to the Collection Account prior to being deposited in the
applicable Series Account or other Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required
to be released to the Issuer, to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate
of an Originator is the Master Servicer) need not be deposited into the Collection Account or any Series Account. 

 

(b)                    Allocations
to the Series 2011-1 Noteholders. The Issuer shall, on each Date of Processing on or after the first day of the Monthly Period
in which the Closing Date occurs, after giving effect to allocations in respect of Dealer Overconcentrations, Manufacturer Overconcentrations
and Product Line Overconcentrations pursuant to Section 8.4 of the Indenture, allocate to the Series 2011-1 Noteholders
the following amounts as set forth below: 

 

(i)                    Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2011-1 Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Accumulation Period falling on or after the
day on which Principal Collections equal to the related Controlled Deposit Amount have been allocated pursuant to Section 4.3(b)(ii)
and deposited pursuant to Section 4.3(a)), Non-Principal Collections shall be transferred into the Non-Principal Account
only until such time as the aggregate amount so deposited equals the sum of the amounts contemplated to be paid or deposited pursuant
to Section 4.4(a) on the related Transfer Date or Payment Date (the “Target Amount”); and any Non-Principal
Collections allocated to the Series 2011-1 Noteholders but not deposited into the Non-Principal Account due to the operation of
this proviso shall be released to the Issuerholders of the Transferor Interest; provided,
further, if on any Transfer Date the Free Equity Amount is less than the Minimum Free Equity Amount after giving effect
to

  

    	Exhibit A-6 – Page 1

    	 

    

 

 all transfers and deposits on that Transfer Date, the Issuer shall cause the holders of the Transferor Interest,
on that Transfer Date, to deposit into the Principal Account funds in an amount equal to the amounts of Available
Non-Principal Collections that are required to be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi)
and (vii) but are not available from funds in the Non-Principal Account as a result of the operation of the preceding
proviso. 

 

With respect to any
Monthly Period when deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target
Amount in accordance with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal Collections”
for the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2011-1
Noteholders during that Monthly Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance
with Section 4.4(a); and (2) Non-Principal Collections released to the Issuerholders of the Transferor
Interest pursuant to clause (i) above shall be deemed, for purposes of all calculations under this Indenture Supplement,
to have been applied to the items specified in Section 4.4(a) to which such amounts would have been applied (and in the
priority in which they would have been applied) had such amounts been available in the Non-Principal Account on such Transfer Date.
To avoid doubt, the calculations referred to in the preceding clause (2) include the calculations required by clause
(b)(ii) of the definition of Collateral Amount.

 

(ii)                  Allocations
of Principal Collections. The Issuer shall allocate to the Series 2011-1 Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing, shall be allocated to the Series 2011-1 Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available
on that Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, shall be deposited and retained in the Principal
Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related
Payment Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount
is not less than the Minimum Free Equity Amount, and fourth, any remaining amounts shall be released to the
Issuerholders of the Transferor Interest.

 

(y)          Allocations
During the Controlled Accumulation Period. During the Controlled Accumulation Period, an amount equal to the product of
the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be
allocated to the Series 2011-1 Noteholders and transferred to the Principal Account until applied as provided herein; provided,
that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been 

 

    	Exhibit A-6 – Page 2

    	 

    

 

deposited
into the Principal Account, such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding
and in its accumulation period or amortization period, deposited and retained in the Principal Account for application,
to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, second,
deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free
Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest. 

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2011-1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second,
deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free
Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest. 

 

    	 Exhibit A-6 – Page 3

    	 	

    
 

EXHIBIT A-7

 

Marked Pages of Series 2011-A Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-7	Exhibit A-7 to Supplement
                                                                                                                                                                                                                                                                                                                                                          No.
                                                                                                                                                                                                                                                                                                                                                          16
                                                                                                                                                                                                                                                                                                                                                          to
                                                                                                                                                                                                                                                                                                                                                          Indenture

    	 

    
 

 

SECTION 4.3. Calculations
and Series Allocations.

 

(a)                    Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2011-A pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is
permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated
to the Series 2011-A Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited
into the Collection Account, the Non-Principal Account, the Principal Account or any other Series Account prior
to the related Transfer Date, and, when so deposited. Notwithstanding anything to the contrary in Section
8.4 of the Indenture or Section 4.3(b), amounts allocated to the Series 2011-A Noteholders pursuant to Section 4.3(b),
(i) may be deposited net of any amounts required to be released to the Issuer or the holders of the Transferor Interest
and, if an Originator or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer,
and (ii) shall be deposited into the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account
(in the case of Principal Collections (not including any Shared Principal Collections allocated to Series 2011-A pursuant to Section
8.5 of the Indenture)), and are not required to be deposited to the Collection Account prior to being deposited in the
applicable Series Account or other Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required
to be released to the Issuer, to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate
of an Originator is the Master Servicer) need not be deposited into the Collection Account or any Series Account. 

 

(b)                    Allocations
to the Series 2011-A Noteholders. The Issuer shall, for each Date of Processing on or after the first day of the Monthly Period
in which the Closing Date occurs, after giving effect to allocations in respect of Dealer Overconcentrations, Manufacturer Overconcentrations
and Product Line Overconcentrations pursuant to Section 8.4 of the Indenture, allocate to the Series 2011-A Noteholders
the following amounts as set forth below: 

 

(i)                    Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2011-A Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Amortization Period falling on or after the
day on which Principal Collections equal to the sum of the Note Principal Balance plus the Principal Overcollateralization
Amount have been allocated pursuant to Section 4.3(b)(ii) and deposited pursuant to Section 4.3(a)), Non-Principal
Collections shall be transferred into the Non-Principal Account only until such time as the aggregate amount so deposited equals
the sum of the amounts contemplated to be paid or deposited pursuant to Section 4.4(a) on the related Transfer Date or
Payment Date (the “Target Amount”); and any Non-Principal Collections allocated to the Series 2011-A Noteholders
but not deposited into the Non-Principal Account due to the operation of this proviso shall be released to the Issuerholders
of the Transferor Interest; provided, further, if on any Transfer Date the Free Equity Amount is less than
the Minimum Free Equity Amount 

 

    	Exhibit A-7 – Page 1

    	 

    

 

after giving effect to all transfers and deposits on that Transfer Date, the Issuer shall cause
the holders of the Transferor Interest, on that Transfer Date, to deposit into the Principal Account funds
in an amount equal to the amounts of Available Non-Principal Collections that are required to be treated as Available Principal
Collections pursuant to Sections 4.4(a)(vi) and (vii) but are not available from funds in the Non-Principal Account
as a result of the operation of the preceding proviso.  

 

With respect to any
Monthly Period when deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target
Amount in accordance with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal Collections”
for the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2011-A
Noteholders during that Monthly Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance
with Section 4.4(a); and (2) Non-Principal Collections released to the Issuerholders of the Transferor
Interest pursuant to clause (i) above shall be deemed, for purposes of all calculations under this Indenture Supplement,
to have been applied to the items specified in Section 4.4(a) to which such amounts would have been applied (and in the
priority in which they would have been applied) had such amounts been available in the Non-Principal Account on such Transfer Date.
To avoid doubt, the calculations referred to in the preceding clause (2) include the calculations required by clause
(b)(ii) of the definition of Collateral Amount.

 

(ii)                  Allocations
of Principal Collections. The Issuer shall allocate to the Series 2011-A Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period, an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2011-A Noteholders
and first, retained in the Principal Account for application, to the extent necessary, as Optional Amortization Amounts
(after giving effect to any unrestricted funds of the Issuer or the Transferor that are designated (in their sole discretion) to
the Optional Amortization Amount), second, an amount equal to the Reallocated Principal Collections for the related Transfer
Date shall be made available on that Transfer Date for application in accordance with Section 4.7, third, if any
other Principal Sharing Series is outstanding and in its accumulation period or amortization period, shall be deposited and
retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal
Sharing Series on the related Payment Date, fourth, shall be deposited in the Excess Funding Account to the extent necessary
so that the Free Equity Amount is not less than the Minimum Free Equity Amount, and fifth, any remaining amounts shall
be released to the Issuerholders of the Transferor Interest.

 

(y)          Allocations
During the Controlled Amortization Period. During the Controlled Amortization Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal 

 

    	Exhibit A-7 – Page 2

    	 

    

 

Collections
processed on such Date of Processing shall be allocated to the Series 2011-A Noteholders and transferred to the Principal Account
first, for application, to the extent necessary, as Optional Amortization Amounts (after giving effect to any unrestricted
funds of the Issuer or the Transferor that are designated (in their sole discretion) to the Optional Amortization Amount) and
second, for application as otherwise provided herein; provided, that after the date on which an amount of such Principal
Collections equal to the Monthly Principal has been deposited into the Principal Account, such amounts in excess thereof shall
be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, deposited
and retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other
Principal Sharing Series on the related Payment Date, second, deposited in the Excess Funding Account to the extent necessary
so that the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, any remaining amounts
shall be released to the Issuerholders of the Transferor Interest. 

 

(z)          Allocations
During the Early Amortization Period and the Special Amortization Period. During the Early Amortization Period and any Special
Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections
processed on such Date of Processing shall be allocated to the Series 2011-A Noteholders and transferred to the Principal Account
until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal
to the Monthly Principal has been deposited into the Principal Account such amounts in excess thereof shall be first, if
any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, deposited and retained
in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing
Series on the related Payment Date, second, deposited in the Excess Funding Account to the extent necessary so that the
Free Equity Amount is not less than the Minimum Free Equity Amount, and third, any remaining amounts shall
be released to the Issuerholders of the Transferor Interest. 

 

    	 Exhibit A-7 – Page 3

    	 	

    
 

EXHIBIT A-8

 

Marked Pages of Series 2012-1 Indenture
Supplement

 

[Follow on Next Page]

 

    	 	A-8	Exhibit A-8 to Supplement
                                                                                                                                                                                                                                                                                                                                                          No.
                                                                                                                                                                                                                                                                                                                                                          16
                                                                                                                                                                                                                                                                                                                                                          to
                                                                                                                                                                                                                                                                                                                                                          Indenture

    	 

    
 

 

SECTION 4.3. Calculations
and Series Allocations.

 

(a)          Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2012-1 pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is permitted
by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated to the Series
2012-1 Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited into the Collection
Account, the Non- Principal Account, the Principal Account or any other Series Account prior to the related Transfer
Date, and, when so deposited. Notwithstanding anything to the contrary in Section 8.4 of the Indenture or
Section 4.3(b), amounts allocated to the Series 2012-1 Noteholders pursuant to Section 4.3(b), (x) may be deposited net
of any amounts required to be released to the Issuer or the holders of the Transferor Interest and, if an Originator
or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer, and (y) shall be deposited into
the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account (in the case of Principal Collections
(not including any Shared Principal Collections allocated to Series 2012-1 pursuant to Section 8.5 of the Indenture)),
and are not required to be deposited to the Collection Account prior to being deposited in the applicable Series Account or other
Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required to be released to the Issuer,
to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate of an Originator is the Master
Servicer) need not be deposited into the Collection Account or any Series Account.

 

(b)          Allocations
to the Series 2012-1 Noteholders. The Issuer shall, on each Date of Processing on or after the first day of the Monthly Period
in which the Closing Date occurs, after giving effect to allocations in respect of Dealer Overconcentrations, Manufacturer Overconcentrations
and Product Line Overconcentrations pursuant to Section 8.4 of the Indenture, allocate to the Series 2012-1 Noteholders
the following amounts as set forth below:

 

(i)          Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2012-1 Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Accumulation Period falling on or after the
day on which Principal Collections equal to the related Controlled Deposit Amount have been allocated pursuant to Section 4.3(b)(ii)
and deposited pursuant to Section 4.3(a)), Non-Principal Collections shall be transferred into the Non-Principal Account
only until such time as the aggregate amount so deposited equals the sum of the amounts contemplated to be paid or deposited pursuant
to Section 4.4(a) on the related Transfer Date or Payment Date (the “Target Amount”); and any Non-Principal
Collections allocated to the Series 2012-1 Noteholders but not deposited into the Non-Principal Account due to the operation of
this proviso shall be released to the Issuerholders of the Transferor Interest; provided,
further, if on any Transfer Date the Free Equity Amount is less than the Minimum Free Equity Amount after giving effect
to all transfers and deposits on that Transfer Date, the Issuer shall cause the holders of the

 

    	Exhibit A-8 – Page 1

    	 

    

 

Transferor Interest,
on that Transfer Date, to deposit into the Principal Account funds in an amount equal to the amounts of Available
Non-Principal Collections that are required to be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi)
and (vii) but are not available from funds in the Non-Principal Account as a result of the operation of the preceding
proviso. 

 

With respect to any
Monthly Period when deposits of Non-Principal Collections into the Non-Principal Account are limited to deposits up to the Target
Amount in accordance with clause (i) above, notwithstanding such limitation: (1) “Reallocated Principal Collections”
for the related Transfer Date shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2012-1
Noteholders during that Monthly Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance
with Section 4.4(a); and (2) Non-Principal Collections released to the Issuerholders of the Transferor
Interest pursuant to clause (i) above shall be deemed, for purposes of all calculations under this Indenture Supplement,
to have been applied to the items specified in Section 4.4(a) to which such amounts would have been applied (and in the
priority in which they would have been applied) had such amounts been available in the Non-Principal Account on such Transfer Date.
To avoid doubt, the calculations referred to in the preceding clause (2) include the calculations required by clause
(b)(ii) of the definition of Collateral Amount.

 

(ii)         Allocations
of Principal Collections. The Issuer shall allocate to the Series 2012-1 Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing, shall be allocated to the Series 2012-1 Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available
on that Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, shall be deposited and retained in the Principal
Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related
Payment Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount
is not less than the Minimum Free Equity Amount, and fourth, any remaining amounts shall be released to the
Issuerholders of the Transferor Interest.

 

(y)          Allocations
During the Controlled Accumulation Period. During the Controlled Accumulation Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2012-1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that
after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal
Account, such amounts in excess thereof shall 

 

    	Exhibit A-8 – Page 2

    	 

    

 

be first, if any other
Principal Sharing Series is outstanding and in its accumulation period or amortization period, deposited and retained
in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing
Series on the related Payment Date, second, deposited in the Excess Funding Account to the extent necessary so that the
Free Equity Amount is not less than the Minimum Free Equity Amount, and third, any remaining amounts shall
be released to the Issuerholders of the Transferor Interest.

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2012-1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second,
deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free
Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest.

 

    	Exhibit A-8 – Page 3

    	 

    

 

EXHIBIT A-9

 

Marked Pages of Series 2012-2 Indenture
Supplement

 

[Follow on Next Page]

 

 

    	 	A-9	Exhibit A-9 to Supplement No. 16 to Indenture

    	 

    

 

 

SECTION 4.3. Calculations and Series Allocations.

 

(a)          Allocations.
Non-Principal Collections, Principal Collections and Defaulted Receivables allocated to Series 2012-2 pursuant to Article VIII
of the Indenture shall be allocated and paid as set forth in this Article IV. During any period when the Issuer is
permitted by Section 8.4 of the Indenture to make a single monthly deposit to the Collection Account, amounts allocated
to the Series 2012-2 Noteholders pursuant to this Section 4.3 with respect to any Monthly Period need not be deposited
into the Collection Account, the Non-Principal Account, the Principal Account or any other Series Account prior to the related
Transfer Date, and, when so deposited. Notwithstanding anything to the contrary in Section 8.4 of the Indenture
or Section 4.3(b), amounts allocated to the Series 2012-2 Noteholders pursuant to Section 4.3(b), (x) may be deposited
net of any amounts required to be released to the Issuer or the holders of the Transferor Interest and, if an Originator
or an Affiliate of an Originator is the Master Servicer, any amounts owed to the Master Servicer, and (y) shall be deposited into
the Non-Principal Account (in the case of Non-Principal Collections) and the Principal Account (in the case of Principal Collections
(not including any Shared Principal Collections allocated to Series 2012-2 pursuant to Section 8.5 of the Indenture)),
and are not required to be deposited to the Collection Account prior to being deposited in the applicable Series Account or other
Trust Account in accordance with Section 4.3(b). For the avoidance of doubt, any amounts required to be released to the Issuer,
to the holders of the Transferor Interest or to the Master Servicer (if an Originator or an Affiliate of an Originator is the
Master Servicer) need not be deposited into the Collection Account or any Series Account.

 

(b)          Allocations
to the Series 2012-2 Noteholders. The Issuer shall, on each Date of Processing on or after the first day of the Monthly Period
in which the Closing Date occurs, after giving effect to allocations in respect of Dealer Overconcentrations, Manufacturer Overconcentrations
and Product Line Overconcentrations pursuant to Section 8.4 of the Indenture, allocate to the Series 2012-2 Noteholders
the following amounts as set forth below:

 

(i)          Allocations
of Non-Principal Collections. The Issuer shall allocate to the Series 2012-2 Noteholders an amount equal to the product of
(A) the Allocation Percentage and (B) the aggregate Non-Principal Collections processed on such Date of Processing and shall deposit
such amount into the Non-Principal Account; provided, that, with respect to each Monthly Period falling in the Revolving
Period (and with respect to that portion of each Monthly Period in the Controlled Accumulation Period falling on or after the
day on which Principal Collections equal to the related Controlled Deposit Amount have been allocated pursuant to Section 4.3(b)(ii)
and deposited pursuant to Section 4.3(a)), Non-Principal Collections shall be transferred into the Non-Principal Account
only until such time as the aggregate amount so deposited equals the sum of the amounts contemplated to be paid or deposited pursuant
to Section 4.4(a) on the related Transfer Date or Payment Date (the “Target Amount”); and any Non-Principal
Collections allocated to the Series 2012-2 Noteholders but not deposited into the Non-Principal Account due to the operation of
this proviso shall be released to the Issuerholders of the Transferor Interest; provided,
further, if on any Transfer Date the Free Equity Amount is less than the Minimum Free Equity Amount after giving effect
to all transfers and deposits on that Transfer Date, the Issuer shall cause the holders of the 

 

    	Exhibit A-9 – Page 1

    	 

    

 

Transferor Interest, on that Transfer
Date, to deposit into the Principal Account funds in an amount equal to the amounts of Available Non-Principal Collections
that are required to be treated as Available Principal Collections pursuant to Sections 4.4(a)(vi) and (vii) but
are not available from funds in the Non-Principal Account as a result of the operation of the preceding proviso.

 

With respect to any Monthly Period when deposits of Non-Principal
Collections into the Non-Principal Account are limited to deposits up to the Target Amount in accordance with clause (i)
above, notwithstanding such limitation: (1) “Reallocated Principal Collections” for the related Transfer Date
shall be calculated as if the full amount of Non-Principal Collections allocated to the Series 2012-2 Noteholders during that Monthly
Period had been deposited in the Non-Principal Account and applied on such Transfer Date in accordance with Section 4.4(a);
and (2) Non-Principal Collections released to the Issuerholders of the Transferor Interest pursuant
to clause (i) above shall be deemed, for purposes of all calculations under this Indenture Supplement, to have been applied
to the items specified in Section 4.4(a) to which such amounts would have been applied (and in the priority in which they
would have been applied) had such amounts been available in the Non-Principal Account on such Transfer Date. To avoid doubt, the
calculations referred to in the preceding clause (2) include the calculations required by clause (b)(ii) of the definition
of Collateral Amount.

 

(ii)          Allocations
of Principal Collections. The Issuer shall allocate to the Series 2012-2 Noteholders the following amounts as set forth below:

 

(x)          Allocations
During the Revolving Period. During the Revolving Period an amount equal to the product of the Allocation Percentage and the
aggregate amount of Principal Collections processed on such Date of Processing, shall be allocated to the Series 2012-2 Noteholders
and first, an amount equal to the Reallocated Principal Collections for the related Transfer Date shall be made available
on that Transfer Date for application in accordance with Section 4.7, second, if any other Principal Sharing Series
is outstanding and in its accumulation period or amortization period, shall be deposited and retained in the Principal
Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related
Payment Date, third, shall be deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount
is not less than the Minimum Free Equity Amount, and fourth, any remaining amounts shall be released to the
Issuerholders of the Transferor Interest.

 

(y)          Allocations
During the Controlled Accumulation Period. During the Controlled Accumulation Period, an amount equal to the product of the
Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated
to the Series 2012-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that
after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal
Account, such amounts in excess thereof shall 

 

    	Exhibit A-9 – Page 2

    	 

    

 

be first, if any other
Principal Sharing Series is outstanding and in its accumulation period or amortization period, deposited and retained
in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing
Series on the related Payment Date, second, deposited in the Excess Funding Account to the extent necessary so that the
Free Equity Amount is not less than the Minimum Free Equity Amount, and third, any remaining amounts shall
be released to the Issuerholders of the Transferor Interest.

 

(z)          Allocations
During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation
Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series
2012-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the
date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account
such amounts in excess thereof shall be first, if any other Principal Sharing Series is outstanding and in its accumulation
period or amortization period, deposited and retained in the Principal Account for application, to the extent necessary,
as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second,
deposited in the Excess Funding Account to the extent necessary so that the Free Equity Amount is not less than the Minimum Free
Equity Amount, and third, any remaining amounts shall be released to the Issuerholders
of the Transferor Interest.

 

    	Exhibit A-9 – Page 3

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