Document:

Exhibit 10.3

      

       

      

      
        

        

        DAIMLER TRUCKS RETAIL TRUST 2022-1,

          as Issuer,

         

        DAIMLER TRUCK FINANCIAL SERVICES USA LLC,

          as Servicer and Administrator,

         

        and

         

        CLAYTON FIXED INCOME SERVICES LLC,

          as Asset Representations Reviewer

         

        	
                 

                

                ASSET REPRESENTATIONS REVIEW

                AGREEMENT

                Dated as of October 1, 2022

                 

                

              

         

        

        
          
            

        

        
        TABLE OF CONTENTS

         

        	 	
                Page

              
	
                ARTICLE ONE

              
	

              	 
	DEFINITIONS
	 	 
	
                Section 1.01. Capitalized Terms; Rules of Usage

              	
                1

              
	 	 
	
                ARTICLE TWO

              
	 	 
	 ENGAGEMENT; ACCEPTANCE
	 	 
	
                Section 2.01. Engagement; Acceptance

              	
                3

              
	
                Section 2.02. Confirmation of Status

              	
                3

              
	 	 
	
                ARTICLE THREE

              
	 	 
	 ASSET REPRESENTATIONS REVIEW PROCESS
	 	 
	
                Section 3.01. Review Notices and Identification of Review Assets

              	
                3

              
	
                Section 3.02. Review Materials

              	
                3

              
	
                Section 3.03. Performance of Reviews

              	
                4

              
	
                Section 3.04. Review Report

              	
                5

              
	
                Section 3.05. Review Representatives

              	
                5

              
	
                Section 3.06. Dispute Resolution

              	
                5

              
	
                Section 3.07. Limitations on Review Obligations

              	
                6

              
	 	 
	
                ARTICLE FOUR

              
	 	 
	ASSET REPRESENTATIONS REVIEWER
	 	 
	
                Section 4.01. Representations and Warranties of the Asset Representations Reviewer

              	
                6

              
	
                Section 4.02. Covenants

              	
                7

              
	
                Section 4.03. Fees and Expenses

              	
                8

              
	
                Section 4.04. Limitation on Liability

              	
                9

              
	
                Section 4.05. Indemnification by Asset Representations Reviewer

              	
                9

              
	
                Section 4.06. Indemnification of Asset Representations Reviewer

              	
                9

              
	
                Section 4.07. Inspections of Asset Representations Reviewer

              	
                10

              
	
                Section 4.08. Delegation of Obligations

              	
                10

              
	
                Section 4.09. Confidential Information

              	
                10

              
	
                Section 4.10. Personally Identifiable Information

              	
                11

              

         

        

        
          i

          
            

        

        	
                ARTICLE FIVE

              
	 	 
	 REMOVAL; RESIGNATION
	 	 
	
                Section 5.01. Eligibility of the Asset Representations Reviewer

              	
                13

              
	
                Section 5.02. Resignation and Removal of Asset Representations Reviewer

              	
                13

              
	
                Section 5.03. Successor Asset Representations Reviewer

              	
                14

              
	
                Section 5.04. Merger, Consolidation or Succession

              	
                14

              
	 	 
	
                ARTICLE SIX

              
	 	 
	OTHER AGREEMENTS
	 	 
	
                Section 6.01. Independence of the Asset Representations Reviewer

              	
                14

              
	
                Section 6.02. No Petition

              	
                15

              
	
                Section 6.03. Limitation of Liability of Owner Trustee

              	
                15

              
	
                Section 6.04. Termination of Agreement

              	
                15

              
	

              	 
	
                ARTICLE SEVEN

              
	

              	 
	MISCELLANEOUS PROVISIONS
	 	 
	
                Section 7.01. Amendments

              	
                15

              
	
                Section 7.02. Assignment; Benefit of Agreement; Third Party Beneficiaries

              	
                16

              
	
                Section 7.03. Notices

              	
                16

              
	
                Section 7.04. GOVERNING LAW

              	
                17

              
	
                Section 7.05. WAIVER OF JURY TRIAL

              	
                17

              
	
                Section 7.06. No Waiver; Cumulative Remedies

              	
                18

              
	
                Section 7.07. Severability

              	
                18

              
	
                Section 7.08. Table of Contents and Headings

              	
                18

              
	
                Section 7.09. Counterparts

              	
                18

              
	
                Section 7.10. Electronic Signatures

              	
                18

              
	

              	 
	
                SCHEDULES

              
	 	 
	
                Schedule A –  Representations and Warranties, Review Materials and Tests

              	
                SA-1

              

        

        

        
          ii

          
            

        

        This ASSET REPRESENTATIONS REVIEW AGREEMENT, dated as of October 1, 2022 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is among DAIMLER TRUCKS RETAIL TRUST 2022-1, a
          Delaware statutory trust (the “Issuer”), DAIMLER TRUCK FINANCIAL SERVICES USA LLC, a Delaware limited liability company, as servicer and administrator (in such capacities, the “Servicer” and the “Administrator”, respectively), and CLAYTON FIXED
          INCOME SERVICES LLC, a Delaware limited liability company (the “Asset Representations Reviewer”).

         

        WHEREAS, the Issuer desires to engage the Asset Representations Reviewer to perform a review of certain receivables arising in connection with installment sales contracts and loans secured by trucking and
          transportation equipment for compliance with certain representations and warranties made with respect thereto; and

         

        WHEREAS, the Asset Representations Reviewer desires to perform such review in accordance with the terms of this Agreement.

         

        NOW, THEREFORE, in consideration of the premises, the mutual covenants herein contained,  and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
          agree as follows:

         

        ARTICLE ONE

          

          DEFINITIONS

         

        Section 1.01.  Capitalized Terms; Rules of Usage.   Capitalized terms used in this Agreement that are not otherwise defined shall have the meanings ascribed thereto in Appendix A to the Sale and Servicing
          Agreement, dated as of October 1, 2022, among the Issuer, the Depositor and Daimler Truck Financial Services USA LLC, which Appendix is hereby incorporated into and made a part of this Agreement.  Appendix A also contains rules as to usage
          applicable to this Agreement.  Whenever used herein, unless the context otherwise requires, the following words and phrases shall have the respective meanings set forth below for all purposes of this Agreement.  In the event of any conflict
          between a definition appearing below and any other Basic Document, the definition appearing below shall control for purposes of this Agreement.

         

        “Annual Fee” has the meaning stated in Section 4.03(a).

         

        “Annual Period” means each annual period commencing on the Closing Date, in the case of the first such period, and otherwise on the most recent anniversary of the Closing Date and ending on the next
          anniversary of the Closing Date.

         

        “ARR Indemnified Person” means the Asset Representations Reviewer and its officers, directors, employees and agents.

         

        
          
            

        

        
        “Confidential Information” means oral, written and electronic materials (irrespective of its source or form of communication) furnished before, on or after the date of this Agreement to the Asset
          Representations Reviewer for the purposes contemplated by this Agreement, including (i) lists of Review Assets and any related Review Materials, (ii) origination and servicing guidelines, policies and procedures, and form contracts and (iii)
          notes, analyses, compilations, studies or other documents or records prepared by the Servicer, which contain information supplied by or on behalf of the Servicer or its representatives; provided, that Confidential Information will not include
          information that (a) is or becomes generally available to the public other than as a result of disclosure by the Information Recipients, (b) was available to, or becomes available to, the Information Recipients on a non-confidential basis from a
          Person or entity other than the Issuer or the Servicer before its disclosure to the Information Recipients who, to the knowledge of the Information Recipient, is not bound by a confidentiality agreement with the Issuer or the Servicer and is not
          prohibited from transmitting the information to the Information Recipients, (c) is independently developed by the Information Recipients without the use of Confidential Information, as shown by the Information Recipients’ files and records or
          other evidence in the Information Recipients’ possession or (d) the Issuer or the Servicer provides permission to the applicable Information Recipients to release.

         

        “Eligible Representations” means those representations identified within the “Tests” included in Schedule A.

         

        “Information Recipients” means the Asset Representations Reviewer and its officers, directors, employees, agents, representatives or Affiliates, including legal counsel.

         

        “Issuer PII” means PII (i) furnished by the Issuer, the Servicer or their respective Affiliates to the Asset Representations Reviewer and (ii) developed or otherwise collected or acquired by the Asset
          Representations Reviewer in performing its obligations under this Agreement.

         

        “Personally Identifiable Information” or “PII” means information in any format about an identifiable individual, including name, address, phone number, e-mail address, account number(s), identification
          number(s), any other actual or assigned attribute associated with or identifiable to an individual and any information that when used separately or in combination with other information could identify an individual.

         

        “Review” means the completion by the Asset Representations Reviewer of the procedures listed under “Tests” in Schedule A for each Review Asset as described in Section 3.03.

         

        “Review Assets” means those Receivables identified by the Servicer as requiring a Review by the Asset Representations Reviewer following receipt of a Review Notice pursuant to Section 3.01.

         

        “Review Fee” has the meaning stated in Section 4.03(b).

         

        “Review Materials” means the documents, data and other information required for each “Test” in Schedule A.

         

        “Review Notice” means a notice delivered to the Asset Representations Reviewer by the Indenture Trustee pursuant to Section 7.02 of the Indenture.

         

        
          2

          
            

        

        “Review Report” means the report prepared and delivered by the Asset Representations Reviewer pursuant to Section 3.04, which will, among other things, (i) indicate for each Review Asset whether there was a
          Test Pass, Test Fail or Test Complete for each related Test, (ii) include, for each Test Fail or Test Complete, the related reason for such Test Fail or Test Complete, including (for example) whether the Review Asset was a Test Fail as a result
          of missing or incomplete Review Materials, and (iii) contain a summary of the Review results to be included in the Issuer’s Form 10-D report for the Collection Period in which the Review Report is received.

         

        “Test Complete” has the meaning stated in Section 3.03(c).

         

        “Test Fail” has the meaning stated in Section 3.03(a).

         

        “Test Pass” has the meaning stated in Section 3.03(a).

         

        “Tests” mean the procedures listed in Schedule A as applied to the process described in Section 3.03.

         

        ARTICLE TWO

          

          ENGAGEMENT; ACCEPTANCE

         

        Section 2.01.  Engagement; Acceptance.  The Issuer hereby engages Clayton Fixed Income Services LLC to act as the Asset Representations Reviewer for the Issuer.  Clayton Fixed Income Services LLC accepts the
          engagement and agrees to perform the obligations of the Asset Representations Reviewer on the terms stated in this Agreement.

         

        Section 2.02.  Confirmation of Status.  The parties confirm that the Asset Representations Reviewer is not responsible for (i) reviewing the Receivables for compliance with the representations and warranties
          under the Sale and Servicing Agreement, except as otherwise described in this Agreement, or (ii) determining whether noncompliance with such representations or warranties constitutes a breach of the Sale and Servicing Agreement.

         

        ARTICLE THREE

          

          ASSET REPRESENTATIONS REVIEW PROCESS

         

        Section 3.01.  Review Notices and Identification of Review Assets.  On receipt of a Review Notice from the Indenture Trustee pursuant to Section 7.02 of the Indenture, the Asset Representations Reviewer will
          start a Review.  Once a Review Notice has been so received, the Servicer will provide the list of Review Assets to the Asset Representations Reviewer within ten Business Days.  The Asset Representations Reviewer will not be obligated to start a
          Review until a Review Notice and the related list of Review Assets is received.  The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review Notice was required or (ii) the
          accuracy or completeness of the list of Review Assets provided by the Servicer.

         

        Section 3.02.  Review Materials.

         

        
          3

          
            

        

        (a)          Access to Review Materials.  Within 60 days of the delivery of a Review Notice, the Servicer will provide the Asset Representations Reviewer with access to the Review Materials for all Review
          Assets in one or more of the following ways: (i) by providing access to the Servicer’s systems, either remotely or at an office of the Servicer, (ii) by electronic posting to a password-protected website to which the Asset Representations
          Reviewer has access, (iii) by providing originals or photocopies at an office of the Servicer or (iv) in another manner agreed upon by the Servicer and the Asset Representations Reviewer.  The Servicer may redact or remove Personally Identifiable
          Information from the Review Materials without changing the meaning or usefulness of the Review Materials.  Once a Review Notice has been received, the Servicer will provide the list of Review Assets to the Asset Representations Reviewer within
          ten Business Days.  The Asset Representations Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets is received.  The Asset Representations Reviewer is not obligated to verify (i) whether the
          Indenture Trustee properly determined that a Review Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the Servicer.

         

        (b)          Missing or Insufficient Review Materials.  The Asset Representations Reviewer will review the Review Materials to determine if any Review Materials are missing or insufficient for the Asset
          Representations Reviewer to perform any Test.  If the Asset Representations Reviewer determines that any Review Materials are missing or are so insufficient, the Asset Representations Reviewer will notify the Servicer promptly, and in any event
          no less than 30 days before completing the Review.  The Servicer will have 60 days to give the Asset Representations Reviewer access to the missing Review Materials or other documents or information to correct the insufficiency.  If the missing
          Review Materials or other documents have not been provided by the Servicer within 60 days, the related Review Report will report a Test Fail for each Test that requires use of the missing or insufficient Review Materials.

         

        Section 3.03.  Performance of Reviews.

         

        (a)          Test Procedures.  For a Review, the Asset Representations Reviewer will perform, for each Review Asset, the Tests for each Eligible Representation.  In the course of its review, the Asset
          Representations Reviewer will use the Review Materials listed in Schedule A.  For each Test and Review Asset, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied
          (a “Test Fail”).

         

        (b)          Review Period.  The Asset Representations Reviewer will complete the Review within 60 days of receiving access to the Review Materials.  If, however, additional Review Materials are provided to
          the Asset Representations Reviewer as described in Section 3.02(b), the Review period will be extended for an additional 30 days.

         

        (c)          Completion of Review for Certain Review Assets.  Following the delivery of the list of the Review Assets and before the delivery of the Review Report by the Asset Representations Reviewer, the
          Servicer may notify the Asset Representations Reviewer if a Review Asset has been paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Sale and Servicing Agreement.  On receipt of such notice, the Asset
          Representations Reviewer will immediately terminate all Tests of the related Review Asset and the Review of such Review Assets will be considered complete (a “Test Complete”).  In this case, the related Review Report will indicate a Test Complete
          for such Review Asset and the related reason.

         

        
          4

          
            

        

        (d)          Duplicative Tests.  If the same Test is required for more than one representation and warranty, the Asset Representations Reviewer will only perform the Test once for each Review Asset, but will
          report the results of the Test for each applicable representation and warranty on the Review Report.

         

        (e)          Termination of Review.  If a Review is in process and the Notes will be paid in full on the next Payment Date, the Servicer will notify the Asset Representations Reviewer no less than five days
          before that Payment Date.  On receipt of such notice, the Asset Representations Reviewer will terminate the Review immediately and will not be obligated to deliver a Review Report.

         

        Section 3.04.  Review Report.  Within five Business Days after the end of the applicable Review period under Section 3.03(b), the Asset Representations Reviewer will deliver to the Issuer, the Servicer and
          the Indenture Trustee a Review Report.  The Asset Representations Reviewer will ensure that the Review Report does not contain any Personally Identifiable Information.  On reasonable request of the Servicer, the Asset Representations Reviewer
          will provide additional details on the Test results.

         

        Section 3.05.  Review Representatives.

         

        (a)          Servicer Representative.  The Servicer will designate one or more representatives who will be available to assist the Asset Representations Reviewer in performing the Review, including responding
          to requests and answering questions from the Asset Representations Reviewer about access to Review Materials on the Servicer’s originations, receivables or other systems, obtaining missing or insufficient Review Materials and/or providing
          clarification of any Review Materials or Tests.

         

        (b)          Asset Representations Review Representative.  The Asset Representations Reviewer will designate one or more representatives who will be available to the Issuer, the Servicer and the Administrator
          during the performance of a Review.

         

        (c)          Questions About Review.  The Asset Representations Reviewer will make appropriate personnel available to respond in writing to written questions or requests for clarification of any Review Report
          from the Indenture Trustee or the Servicer until the earlier of (i) the payment in full of the Notes and (ii) one year after the delivery of the Review Report.  The Asset Representations Reviewer will not be obligated to respond to questions or
          requests for clarification from Noteholders or any other Person and will direct such Persons to submit written questions or requests to the Servicer.

         

        Section 3.06.  Dispute Resolution.  If a Review Asset that was the subject of a Review becomes the subject of a dispute resolution proceeding under Section 3.17 of the Sale and Servicing Agreement, the Asset
          Representations Reviewer will participate in the dispute resolution proceeding on request of a party to the proceeding.  The reasonable out-of-pocket expenses of the Asset Representations Reviewer for its participation in any dispute resolution
          proceeding will be considered expenses of the party requesting the dispute resolution and will be paid, in the case of (i) an arbitration, by a party to the dispute resolution as determined by the arbitrator for the dispute resolution, and (ii) a
          mediation, as the parties shall mutually determine, in each case according to Section 3.17 of the Sale and Servicing Agreement.  If not paid by a party to the dispute resolution, the expenses will be reimbursed by the Issuer pursuant to Section
          4.03(d).

         

        
          5

          
            

        

        Section 3.07.  Limitations on Review Obligations.

         

        (a)          Review Process Limitations.  The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of
          Noteholders has voted to direct a Review under the Indenture, (ii) to determine which Receivables are subject to a Review, (iii) to obtain or confirm the validity of the Review Materials, (iv) to obtain missing or insufficient Review Materials,
          (v) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of representations or warranties about the Eligible Representations, (vi) to determine the reason for the
          delinquency of any Review Asset, the creditworthiness of any Obligor, the overall quality of any Review Asset or the compliance by the Servicer with its covenants with respect to the servicing of such Review Asset or (vii) to establish cause,
          materiality or recourse for any failed Test.

         

        (b)          Testing Procedure Limitations.  The Asset Representations Reviewer will only be required to perform the “Tests” listed in Schedule A, and will not be obligated to perform additional procedures on
          any Review Asset or to provide any information other than a Review Report.  The Asset Representations Reviewer may, however, provide additional information in a Review Report about any Review Asset that it determines in good faith to be material
          to the Review.

         

        ARTICLE FOUR

          

          ASSET REPRESENTATIONS REVIEWER

         

        Section 4.01.  Representations and Warranties of the Asset Representations Reviewer.  The Asset Representations Reviewer hereby makes the following representations and warranties as of the Closing Date:

         

        (a)    Organization and Qualification.  It is duly organized and validly existing as a limited liability company in good standing under the laws of State of Delaware.  It is qualified as a
          foreign limited liability company in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires such qualification, license
          or approval, unless the failure to obtain such qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Agreement.

         

        (b)    Power, Authority and Enforceability.  It has the power and authority to execute, deliver and perform its obligations under this Agreement.  It has authorized the execution, delivery
          and performance of this Agreement.  This Agreement is the legal, valid and binding obligation of it, enforceable against it except as enforcement may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement
          of creditors’ rights or by general equitable principles.

         

        
          6

          
            

        

        (c)    No Conflicts and No Violation.  The completion of the transactions contemplated by this Agreement and the performance of its obligations under this Agreement will not (i) conflict
          with, or constitute a breach or default under, any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document under which it is a debtor or guarantor, (ii) result in the creation or imposition of a Lien on its properties or
          assets under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document, (iii) violate its organizational documents or (iv) violate any Applicable Law or, to its knowledge, an order, rule or regulation of a
          Governmental Authority having jurisdiction over it or its properties that applies to it, which, in each case, would reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Agreement.

         

        (d)    No Proceedings.  To its knowledge, there are no proceedings or investigations pending or threatened in writing before a Governmental Authority having jurisdiction over it or its
          properties (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the completion of the transactions contemplated by this Agreement or (iii) seeking any determination or ruling that would reasonably be expected to have a material
          adverse effect on its ability to perform its obligations under, or the validity or enforceability of, this Agreement.

         

        (e)    Eligibility.  It meets the eligibility requirements in Section 5.01.

         

        Section 4.02.  Covenants.The Asset Representations Reviewer covenants and agrees that:

         

        (a)    Eligibility.  It will notify the Issuer and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section
          5.01.

         

        (b)    Review Systems; Personnel.  It will maintain business process management and/or other systems necessary to ensure that it can perform each Test and, as soon as practical following
          execution of this Agreement, will load each Test into these systems.  It will ensure that these systems allow for each Review Asset and the related Review Materials to be individually tracked and stored as contemplated by this Agreement.  It will
          maintain adequate staff that is properly trained to conduct Reviews as required by this Agreement.

         

        (c)    Maintenance of Review Materials.  It will maintain copies of any Review Materials, Review Reports and other documents relating to a Review, including internal correspondence and work
          papers, for a period of at least two years after the termination of this Agreement.

         

        
          7

          
            

        

        Section 4.03.  Fees and Expenses.

         

        (a)          Annual Fee.  As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior
          to the termination of the Issuer, in an amount equal to $5,000.00.  The Annual Fee will be paid by the Issuer on the Closing Date and on each anniversary of the Closing Date until this Agreement is terminated; provided, however, that if the Asset
          Representations Reviewer resigns or is removed in accordance with Section 5.02, then it shall refund to the Issuer a portion of the Annual Fee attributable to the portion of the annual period during which it will no longer act as the Asset
          Representations Reviewer, assuming for purposes of such calculation that the Annual Fee for each day during the annual period is an amount equal to the Annual Fee divided by 365.

         

        (b)          Review Fee.  Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the
          delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175.00 for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. 
          No Review Fee will, however, be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section
          3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b).  If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the
          Indenture on the Payment Date in that month.  If, however, a Review is terminated according to Section 3.03(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business
          Days before the final Payment Date to be reimbursed on such final Payment Date.

         

        (c)          Reimbursement of Travel Expenses.  If the Servicer provides access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable
          travel expenses incurred in connection with the Review upon receipt of a detailed invoice.

         

        (d)          Dispute Resolution Expenses.  If the Asset Representations Reviewer participates in a dispute resolution proceeding under Section 3.07 and its reasonable out-of-pocket expenses for participating
          in the proceeding are not paid by a party to the dispute resolution within 90 days after the end of the proceeding, the Issuer will reimburse the Asset Representations Reviewer for such expenses upon receipt of a detailed invoice.

         

        (e)          Payment of Invoices.  When applicable pursuant to this Section, the fees and expenses of the Asset Representations Reviewer are to be paid via the priority of payments described in Section 2.08 of
          the Indenture.  The Asset Representations Reviewer will issue invoices to the Issuer at the notice addresses set forth in Section 11.04 of the Indenture and Issuer shall pay all invoices submitted by the Asset Representations Reviewer no later
          than the Payment Date relating to the Collection Period that includes the 30th day following the receipt by the Issuer, in accordance with the priority of payments described in Section 2.08 of the Indenture.  The Administrator shall promptly pay
          to the Asset Representations Reviewer the amount of any fees, expenses and indemnification amounts not otherwise paid or reimbursed by the Issuer on any Payment Date in accordance with the terms of Section 2.08 of the Indenture; provided, that
          the Asset Representations Reviewer shall promptly reimburse the Administrator for any such amounts to the extent it subsequently receives payment or reimbursement in respect thereof from the Issuer in accordance with Section 2.08 of the
          Indenture, as applicable.  For the avoidance of doubt, the aggregate limit on the Asset Representations Reviewer fees, expenses and indemnities specified in Section 2.08 of the Indenture shall not apply to payments made or to be made by the
          Administrator to the Asset Representations Reviewer pursuant to this subsection.

         

        
          8

          
            

        

        Section 4.04.  Limitation on Liability.  The Asset Representations Reviewer will not be liable to any Person for any action taken, or not taken, in good faith under this Agreement or for errors in judgment. 
          The Asset Representations Reviewer will, however, be liable for its willful misconduct, bad faith or negligence in performing its obligations under this Agreement, but in no event will it be liable for special, indirect or consequential losses or
          damages (including lost profit), even if it has been advised of the likelihood of the loss or damage and regardless of the form of action.

         

        Section 4.05.  Indemnification by Asset Representations Reviewer.  The Asset Representations Reviewer will indemnify each of the Issuer, the Seller, the Servicer, the Administrator, the Owner Trustee, the
          Indenture Trustee and their respective directors, officers, employees and agents for all fees, expenses, losses, damages and liabilities, including any legal fees or expenses incurred in connection with the enforcement of the Asset
          Representations Reviewer’s indemnification or other obligations hereunder, resulting from the Asset Representations Reviewer’s (i) willful misconduct, bad faith or negligence in performing its obligations under this Agreement and (ii) breach of
          any of its representations or warranties in this Agreement.  The Asset Representations Reviewer’s obligations under this Section will survive the termination of this Agreement, the termination of the Issuer and the resignation or removal of the
          Asset Representations Reviewer.

         

        Section 4.06.  Indemnification of Asset Representations Reviewer.

         

        (a)          Indemnification.  The Issuer will, or will cause the Administrator to, indemnify each ARR Indemnified Person for all costs, expenses, losses, damages and liabilities resulting from the performance
          of its obligations under this Agreement (including the fees and expenses of defending itself against any loss, damage or liability), but excluding any cost, expense, loss, damage or liability resulting from the Asset Representations Reviewer’s
          (i) willful misconduct, bad faith or negligence or (ii) breach of any of its representations or warranties in this Agreement.

         

        (b)          Proceedings.  Promptly on receipt by an ARR Indemnified Person of notice of a Proceeding against it, the ARR Indemnified Person will, if a claim is to be made under Section 4.06(a), notify the
          Issuer and the Administrator of the Proceeding.  The Issuer and the Administrator may participate in and assume the defense and settlement of a Proceeding at its expense.  If the Issuer or the Administrator notifies an ARR Indemnified Person of
          its intention to assume the defense of the Proceeding with counsel reasonably satisfactory to such ARR Indemnified Person, and so long as the Issuer, the Servicer or the Administrator assumes the defense of the Proceeding in a manner reasonably
          satisfactory to such ARR Indemnified Person, the Issuer and the Administrator will not be liable for fees and expenses of counsel to such ARR Indemnified Person unless there is a conflict between the interests of the Issuer or the Administrator,
          as applicable, and such ARR Indemnified Person.  If there is a conflict, the Issuer, the Servicer or the Administrator will pay for the reasonable fees and expenses of separate counsel to the ARR Indemnified Person.  No settlement of a Proceeding
          may be made without the approval of the Issuer and the Administrator and the ARR Indemnified Person, which approval will not be unreasonably withheld, conditioned or delayed.

         

        
          9

          
            

        

        (c)          Survival of Obligations.  The Issuer’s and the Administrator’s obligations under this Section will survive the resignation or removal of the Asset Representations Reviewer and the termination of
          this Agreement.

         

        (d)          Repayment.  If the Issuer or the Administrator makes any payment under this Section and an ARR Indemnified Person later collects any of the amounts for which the payments were made to it from
          others, such ARR Indemnified Person will promptly repay the amounts to the Issuer or the Administrator, as applicable.

         

        Section 4.07.  Inspections of Asset Representations Reviewer.  The Asset Representations Reviewer agrees that, with reasonable advance notice not more than once during any year, it will permit authorized
          representatives of the Issuer, the Servicer or the Administrator, during the Asset Representations Reviewer’s normal business hours, to examine and review its books of account, records, reports and other documents and materials relating to (a)
          the performance of its obligations under this Agreement, (b) payment of its fees and expenses for its performance of its obligations under this Agreement and (c) a claim made by it under this Agreement.  In addition, the Asset Representations
          Reviewer will permit the representatives of the Issuer, the Servicer and the Administrator to make copies and extracts of any of those documents and to discuss them with the Asset Representations Reviewer’s officers and employees.  Each of the
          Issuer, the Servicer and the Administrator will, and will cause its authorized representatives to, hold in confidence the foregoing information except if disclosure may be required by Applicable Law or if the Issuer, the Servicer or the
          Administrator reasonably determines that it is required to make the disclosure under this Agreement or the other Basic Documents.  The Asset Representations Reviewer will maintain all relevant books, records, reports and other documents and
          materials for a period of at least two years after the termination of its obligations under this Agreement.

         

        Section 4.08.  Delegation of Obligations.  The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the prior written consent of the Issuer
          and the Servicer.

         

        Section 4.09.  Confidential Information.

         

        (a)          Treatment.  The Asset Representations Reviewer agrees to hold and treat Confidential Information given to it under this Agreement in confidence and under the terms and conditions of this Section,
          and will implement and maintain safeguards to further assure the confidentiality of the Confidential Information.  The Confidential Information will not, without the prior written consent of the Issuer and the Servicer, be disclosed or used by
          any Information Recipient other than for the purposes of performing Reviews of Review Assets or performing its obligations under this Agreement.  The Asset Representations Reviewer agrees that it will not, and will cause its Affiliates to not,
          (i) purchase or sell securities issued by the Servicer or its Affiliates or special purpose entities on the basis of Confidential Information or (ii) use Confidential Information for the preparation of research reports, newsletters or other
          publications or similar communications.

         

        
          10

          
            

        

        (b)          Protection.  The Asset Representations Reviewer will take reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of Confidential Information, including those
          measures that it takes to protect its own confidential information and not less than a reasonable standard of care.  The Asset Representations Reviewer acknowledges that Personally Identifiable Information is also subject to the additional
          requirements in Section 4.10.

         

        (c)          Disclosure.  If the Asset Representations Reviewer is required by Applicable Law to disclose part of the Confidential Information, it may disclose such Confidential Information.  However, before a
          required disclosure, the Asset Representations Reviewer, if permitted by Applicable Law, will use its reasonable efforts to provide the Issuer and the Servicer with notice of the requirement and will cooperate, at the Servicer’s expense, in the
          Issuer’s and the Servicer’s pursuit of a proper protective order or other relief for the disclosure of such Confidential Information.  If the Issuer and the Servicer are unable to obtain a protective order or other proper remedy by the date that
          the information is required to be disclosed, the Asset Representations Reviewer will disclose only that part of the Confidential Information that it is advised by its legal counsel it is legally required to disclose.

         

        (d)          Responsibility for Information Recipients.  The Asset Representations Reviewer will be responsible for a breach of this Section by its Information Recipients.

         

        (e)          Violation.  The Asset Representations Reviewer agrees that a violation of this Agreement may cause irreparable injury to the Issuer and the Servicer and the Issuer and the Servicer may seek
          injunctive relief in addition to legal remedies.  If an action is initiated by the Issuer or the Servicer to enforce this Section, the prevailing party will be reimbursed for its fees and expenses, including reasonable attorney’s fees, incurred
          for the enforcement.

         

        Section 4.10.  Personally Identifiable Information.

         

        (a)          Use of Issuer PII.  The Issuer does not grant the Asset Representations Reviewer any rights to Issuer PII except as otherwise provided in this Agreement.  The Asset Representations Reviewer will
          use Issuer PII only to perform its obligations under this Agreement or as specifically directed in writing by the Issuer and will only reproduce Issuer PII to the extent necessary for these purposes.  The Asset Representations Reviewer must
          comply with all Applicable Law relating to PII, Issuer PII and the Asset Representations Reviewer’s business, including any legally required codes of conduct, including those relating to privacy, security and data protection.  The Asset
          Representations Reviewer will protect and secure Issuer PII.  The Asset Representations Reviewer will implement privacy or data protection policies and procedures that comply with Applicable Law and this Agreement.  The Asset Representations
          Reviewer will implement and maintain reasonable and appropriate practices, procedures and systems, including administrative, technical and physical safeguards to (i) protect the security, confidentiality and integrity of Issuer PII, (ii) ensure
          against anticipated threats or hazards to the security or integrity of Issuer PII, (iii) protect against unauthorized access to or use of Issuer PII and (iv) otherwise comply with its obligations under this Agreement.  These safeguards include a
          written data security plan, employee training, information access controls, restricted disclosures, systems protections (e.g., intrusion protection, data storage protection and data transmission protection) and physical security measures.

         

        
          11

          
            

        

        (b)          Additional Limitations.  In addition to the use and protection requirements described in Section 4.10(a), the Asset Representations Reviewer’s disclosure of Issuer PII is also subject to the
          following requirements:

         

        (i)           The Asset Representations Reviewer will not disclose Issuer PII to its personnel or allow its personnel access to Issuer PII except (A) for its personnel who require Issuer PII to
          perform a Review, (B) with the prior consent of the Issuer or (C) as required by Applicable Law.  When permitted, the disclosure of or access to Issuer PII will be limited to the specific information necessary for the individual to complete the
          assigned task.  The Asset Representations Reviewer will inform personnel with access to Issuer PII of the confidentiality requirements in this Agreement and train its personnel with access to Issuer PII on the proper use and protection of Issuer
          PII.

         

        (ii)          The Asset Representations Reviewer will not sell, disclose, provide or exchange Issuer PII with or to any third party without the prior consent of the Issuer.

         

        (c)          Notice of Breach.  The Asset Representations Reviewer will notify the Issuer, the Administrator and the Servicer promptly in the event of an actual or reasonably suspected security breach,
          unauthorized access, misappropriation or other compromise of the security, confidentiality or integrity of Issuer PII and, where applicable, immediately take action to prevent any further breach.

         

        (d)          Return or Disposal of Issuer PII.  Except where return or disposal is prohibited by Applicable Law, promptly on the earlier of the completion of the Review or the request of the Issuer, the
          Administrator or the Servicer, all Issuer PII in any medium in the Asset Representations Reviewer’s possession or under its control will be (i) destroyed in a manner that prevents its recovery or restoration or (ii) if so directed by the Issuer,
          returned to the Issuer without the Asset Representations Reviewer retaining any actual or recoverable copies, in both cases, without charge to the Issuer.  Where the Asset Representations Reviewer retains Issuer PII, it will limit its further use
          or disclosure of Issuer PII to that required by Applicable Law.

         

        (e)          Compliance; Modification.  The Asset Representations Reviewer will cooperate with and provide information to the Issuer, the Administrator and the Servicer regarding its compliance with this
          Section.  The Asset Representations Reviewer and the Issuer agree to modify this Section as necessary for either party to comply with Applicable Law.

         

        (f)          Audit of Asset Representations Reviewer.  The Asset Representations Reviewer will permit the Issuer, the Administrator, the Servicer and their respective authorized representatives, to audit its
          compliance with this Section during its normal business hours and upon reasonable advance notice, and not more than once during any year unless circumstances necessitate additional audits.  The Issuer, the Administrator and the Servicer agree to
          make reasonable efforts to schedule any audit described in this Section with the inspections described in Section 4.07.  The Asset Representations Reviewer will also permit the Issuer, the Administrator and the Servicer during normal business
          hours on reasonable advance notice to audit any service providers used by it to fulfill its obligations under this Agreement.

         

        
          12

          
            

        

        (g)          Affiliates and Third Parties.  If the Asset Representations Reviewer processes the PII of the Issuer’s Affiliates or a third party when performing a Review, and if such Affiliate or third party is
          identified to the Asset Representations Reviewer, such Affiliate or third party is an intended third-party beneficiary of this Section, and this Agreement is intended to benefit the Affiliate or third party.  The Affiliate or third party may
          enforce the PII related terms of this Section against the Asset Representations Reviewer as if each were a signatory to this Agreement.

         

        ARTICLE FIVE

          

          REMOVAL; RESIGNATION

         

        Section 5.01.  Eligibility of the Asset Representations Reviewer.  The Asset Representations Reviewer must be a Person who (i) is not Affiliated with the Issuer, the Depositor, the Servicer, the Indenture
          Trustee, the Owner Trustee or any of their respective Affiliates and (ii) was not, and is not Affiliated with a Person that was, engaged by the Issuer, the Depositor, the Servicer or any Underwriter to perform any due diligence on the Receivables
          prior to the Closing Date.

         

        Section 5.02.  Resignation and Removal of Asset Representations Reviewer.

         

        (a)          No Resignation.  The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless it determines it is legally unable to perform its obligations under this Agreement and
          there is no reasonable action that it could take to make the performance of its obligations under this Agreement permitted under Applicable Law.  In such event, the Asset Representations Reviewer will deliver a notice of its resignation to the
          Issuer and the Servicer, together with an Opinion of Counsel supporting its determination.

         

        (b)          Removal.  If any of the following events occur, the Issuer, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations
          under this Agreement:

         

        (i)            the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.01;

         

        (ii)           the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or

        (iii)         an  Insolvency Event with respect to the Asset Representations Reviewer occurs.

         

        (c)          Notice of Resignation or Removal.  The Issuer will notify the Servicer and the Indenture Trustee of any resignation or removal of the Asset Representations Reviewer.

         

        
          13

          
            

        

        (d)          Continue to Perform After Resignation or Removal.  The Asset Representations Reviewer will continue to perform its obligations under this Agreement until a successor Asset Representations Reviewer
          has accepted its engagement according to Section 5.03(b).

         

        Section 5.03.  Successor Asset Representations Reviewer.

         

        (a)          Engagement of Successor Asset Representations Reviewer.  Following the resignation or removal of the Asset Representations Reviewer, the Issuer will engage a successor Asset Representations
          Reviewer who meets the eligibility requirements of Section 5.01.

         

        (b)          Effectiveness of Resignation or Removal.  No resignation or removal of the Asset Representations Reviewer will be effective until a successor Asset Representations Reviewer has executed and
          delivered to the Issuer, the Servicer and the Administrator an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entering into a new agreement with the parties
          hereto on substantially the same terms as this Agreement.

         

        (c)          Transition and Expenses.  If the Asset Representations Reviewer resigns or is removed, it will cooperate with the Issuer, the Servicer and the Administrator and take all actions reasonably
          requested to assist the Issuer in making an orderly transition of its rights and obligations under this Agreement to the successor Asset Representations Reviewer.  The Asset Representations Reviewer will pay the reasonable expenses of
          transitioning its obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer, the Servicer, the
          Administrator or the successor Asset Representations Reviewer.

         

        Section 5.04.  Merger, Consolidation or Succession.  Any Person (i) into which the Asset Representations Reviewer is merged or consolidated, (ii) resulting from any merger or consolidation to which the Asset
          Representations Reviewer is a party or (iii) succeeding to the business of the Asset Representations Reviewer, if that Person meets the eligibility requirements in Section 5.01, will be the successor to the Asset Representations Reviewer under
          this Agreement.  Such Person will execute and deliver to the Issuer, the Servicer and the Administrator an agreement to assume the Asset Representations Reviewer’s obligations under this Agreement (unless the assumption happens by operation of
          law).

         

        ARTICLE SIX

          

          OTHER AGREEMENTS

         

        Section 6.01.  Independence of the Asset Representations Reviewer.  The Asset Representations Reviewer will be an independent contractor and will not be subject to the supervision of the Issuer for the manner
          in which it accomplishes the performance of its obligations under this Agreement.  Unless expressly authorized by the Issuer, the Asset Representations Reviewer will have no authority to act for or represent the Issuer and will not be considered
          an agent of the Issuer.  Nothing in this Agreement will make the Asset Representations Reviewer and the Issuer members of any partnership, joint venture or other separate entity or impose any liability as such on any of them.  For the avoidance
          of doubt, the Indenture Trustee will not be responsible for monitoring the performance by the Asset Representations Reviewer of its obligations under this Agreement.

         

        
          14

          
            

        

        Section 6.02.  No Petition.  Each of the parties to this Agreement covenants and agrees that, for a period of one year and one day (or, if longer, any applicable preference period) after payment in full of
          all outstanding Securities, it will not institute or pursue against, or join any other Person in instituting or pursuing against, the Depositor or the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings or
          other Proceedings under any Insolvency Law in connection with any obligations relating to the Notes or any Basic Document and agrees that it will not cooperate with or encourage others to institute any such Proceeding.

         

        Section 6.03.  Limitation of Liability of Owner Trustee.  It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by WTNA, not individually or personally
          but solely as Owner Trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as
          personal representations, undertakings and agreements by WTNA, but is made and intended for the purpose of binding only the Issuer, (iii) nothing herein contained shall be construed as creating any liability on WTNA, individually or personally,
          to perform any covenant either expressed or implied contained herein of the Issuer, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (iv) WTNA has not
          verified and has made no investigation as to the accuracy or completeness of any representations and warranties made by the Issuer in this Agreement and (v) under no circumstances shall WTNA be personally liable for the payment of any
          indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related documents.

         

        Section 6.04.  Termination of Agreement.  This Agreement will terminate, except for the obligations under Section 4.05, on the earlier of (i) the payment in full of all Outstanding Notes and the satisfaction
          and discharge of the Indenture and (ii) the date the Issuer is terminated under the Trust Agreement.

         

        ARTICLE SEVEN

          

          MISCELLANEOUS PROVISIONS

         

        Section 7.01.  Amendments.  The parties may amend this Agreement:

         

        (i)            to cure any ambiguity or mistake, correct an error or correct or supplement any term of this Agreement that may be defective or inconsistent with the other terms of this Agreement or
          to provide for, or facilitate the acceptance of this Agreement by, a successor Asset Representations Reviewer, in each case without the consent of the Noteholders or any other Person;

         

        (ii)           to add, change or eliminate terms of this Agreement, in each case without the consent of the Noteholders or any other Person, if the Administrator delivers an Officer’s Certificate
          to the Issuer and the Trustees stating that the amendment will not have a material adverse effect on the Noteholders; or

         

        
          15

          
            

        

        (iii)          to add, change or eliminate terms of this Agreement for which an Officer’s Certificate is not or cannot be delivered under Section 7.01(a)(ii), with the consent of a majority of the
          principal amount of the Notes then Outstanding.

         

        Notwithstanding anything to the contrary in this Section, any amendment to this Agreement that affects the rights or the obligations of either Trustee will require the consent of such Trustee.

         

        Section 7.02.  Assignment; Benefit of Agreement; Third Party Beneficiaries.

         

        (a)          Assignment.  Except as stated in Section 5.04, this Agreement may not be assigned by the Asset Representations Reviewer without the consent of the Issuer and the Servicer.

         

        (b)          Benefit of Agreement; Third-Party Beneficiaries.  This Agreement is for the benefit of and will be binding on the parties and their permitted successors and assigns.  The Owner Trustee and the
          Indenture Trustee, for the benefit of the Noteholders, will be third-party beneficiaries of this Agreement and may enforce this Agreement against the Asset Representations Reviewer and the Servicer.  No other Person will have any right or
          obligation under this Agreement.

         

        Section 7.03.  Notices.

         

        (a)          Unless otherwise specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the parties to this Agreement will be in writing.  Notices, requests,
          demands, consents and other communications will be deemed to have been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage prepaid, three days after deposit in the mail and (ii) in the
          case of (a) a facsimile, when receipt is confirmed by telephone or by reply e-mail or reply facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply e‐mail from the recipient and (c) an electronic posting to
          a password-protected website, upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance with clauses (ii)(b) through (ii)(c) above.

         

        (b)          Notice Addresses.  Any notice, request, demand, consent, waiver or other communication will be addressed as stated in the Administration Agreement or this Agreement, as applicable, or to another
          address as a party may give by notice to the other parties.

         

        
          16

          
            

        

        
          In the case of the Asset Representations Reviewer, all such notices, including Review Notices, shall be sent to:

           

          

        

        Via electronic mail to ARRNotices@clayton.com

         

        and to:

         

        Clayton Fixed Income Services LLC

        2638 South Falkenburg Road

        Riverview, Florida 33578

        Attn: SVP

        

        

        with a copy to:

         

        Covius Services, LLC

        720 S. Colorado Blvd., Suite 200

        Glendale, Colorado 80249

        Attn: Legal Department

         

        In the case the Administrator or the Servicer, all such notices shall be sent to:

         

        Daimler Truck Financial Services USA LLC

        14372 Heritage Parkway

        Fort Worth, Texas 76177

          Attn:  Jeffrey Fleishmann

        

        

        Section 7.04.  GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
            NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
            DETERMINED IN ACCORDANCE WITH SUCH LAWS.

         

        Section 7.05.  WAIVER OF JURY TRIAL.  TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO
            HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION WITH
            THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.  INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

         

        
          17

          
            

        

        Section 7.06.  No Waiver; Cumulative Remedies.  No failure to exercise and no delay in exercising, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof, nor shall any single or
          partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.  The rights, remedies, powers and privileges provided in this
          Agreement are cumulative and not exhaustive of any rights, remedies, powers and privileges provided by law.

         

        Section 7.07.  Severability.  If any one or more of the covenants, agreements, provisions or terms of this Agreement is held invalid, illegal or unenforceable, then such covenants, agreements, provisions or
          terms will be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and will in no way affect the validity, legality or enforceability of the other covenants, agreements, provisions and terms of this
          Agreement.

         

        Section 7.08.  Table of Contents and Headings.  The Table of Contents and the various headings in this Agreement are included for convenience only and will not affect the meaning or interpretation of any
          provision of this Agreement.

         

        Section 7.09.  Counterparts.  This Agreement may be executed in any number of counterparts, each of which will
            be an original, and all of which will together constitute one and the same instrument.

         

        Section 7.10.  Electronic Signatures.  Any signature (including any electronic symbol or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign,
          authenticate or accept such contract or record) hereto or to any other certificate, agreement or document related to this Agreement, and any contract formation or record-keeping through electronic means shall have the same legal validity and
          enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
          Electronic Signatures and Records Act, or any similar State law based on the Uniform Electronic Transactions Act.

         

        
          18

          
            

        

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

         

        	 	
                DAIMLER TRUCKS RETAIL TRUST 2022-1, as Issuer

              
	 	 
	 	
                By:

              	
                WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee

              
	 	 	 
	 	
                By:

              	
                /s/ Andrew M. Cooper

              
	 	 	
                Name: Andrew M. Cooper

              
	 	 	
                Title: Vice President

              
	 	 	 
	 	
                DAIMLER TRUCK FINANCIAL SERVICES USA LLC, as Servicer and Administrator

              
	 	 
	 	
                By:

              	
                /s/ Gianni Gatto

              
	 	 	
                Name: Gianni Gatto

              
	 	 	
                Title: Vice President and Chief Financial Officer

              
	 	 	 
	 	
                CLAYTON FIXED INCOME SERVICES LLC, as Asset Representations Reviewer

              
	 	 
	 	
                By:

              	
                /s/ Anthony Neske

              
	 	 	
                Name: Anthony Neske

              
	 	 	
                Title: Senior Vice President

              

        

        

        
          
            

        

        
        SCHEDULE A

         

        REPRESENTATIONS AND WARRANTIES, REVIEW MATERIALS AND TESTS

         

        Representation

         

        (i)          Characteristics of Receivables.  Each Receivable (a) was originated in the United States by the Seller or a Dealer located in the United States in the ordinary course of the Seller’s or the
          applicable Dealer’s business in connection with the sale (or, in the case of certain Dealer Loans, lease) related Financed Equipment in accordance with the Seller’s credit policies as of the date of origination or acquisition of the related
          Receivable, (b) is payable in United States dollars, (c) has been fully and properly executed by the parties therefor and, if not originated by the Seller, has been validly assigned to the Seller, (d) has created a valid, subsisting and
          enforceable first priority security interest in favor of the Seller in such Financed Equipment, which security interest shall be perfected and prior to any other interest in such Financed Equipment, and which security interest is assignable by
          the Seller and reassignable by the assignee, (e) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security, (f) shall,
          except as otherwise provided in the Sale and Servicing Agreement, provide for substantially level Monthly Payments (provided that the payment in the first or last month in the life of the Receivable may be minimally different from the level
          payment) that fully amortize the Amount Financed over its original term and shall provide for a finance charge or shall yield interest at its stated interest rate with the exception of Receivables for which the final scheduled payment is a
          Balloon Payment, (g) shall provide for, in the event that such Receivable is prepaid, a payoff amount that fully pays the Principal Balance and includes accrued but unpaid interest at least through the date prior to the date of prepayment in an
          amount calculated by using an interest rate at least equal to its stated interest rate, (h) is a Simple Interest Receivable, (i) is due from an Obligor with a primary business address within the United States or its territories, and (j) to the
          best of the Seller’s knowledge, is not assumable by another Person in a manner which would release the Obligor thereof from such Obligor’s obligations to the Seller with respect to such Receivable.

         

        Documents

         

        Contract

         

        Data Tape

         

        List of Approved Contracts

         

        Title

         

        Procedures to be Performed

         

        
          	 	(i)	
                  Confirm the Dealer’s address is located within the United States.

                

           

          	

                	(ii)	
                  Confirm the Contract form number appears on the List of Approved Contracts.

                

           

        

        
          SA-1

          
            

        

        	

              	(iii)	
                Confirm that the Contract is payable in United States dollars.

              

         

        	

              	(iv)	
                Confirm the Buyer, Co-buyer (if applicable) and Dealer have signed the Contract, or in the case of a Dealer Agreement, Seller and borrower thereunder have signed the Dealer Agreement.

              

         

        	

              	(v)	
                Confirm that the title reports the Seller as the first lien holder or in the case of a Dealer Loan, the title reports the Seller and/or the borrower under the Dealer Agreement as first lien holder.

              

         

        	

              	(vi)	
                Confirm that the VIN on the Contract matches the Vehicle Identification Number on the title.

              

         

        	

              	(vii)	
                 Confirm the Buyer’s name as stated on the Contract matches the name on the title.

              

         

        	

              	(viii)	
                Confirm all payments are equivalent with the possible exception of the first and last schedule payments which may be less than or greater than the level payments.

              

         

        	

              	(ix)	
                Calculate the product of the Number of Payments and the Amount of Payments, together with any first and last scheduled payments (if applicable), and confirm this amount equals the sum of the Finance Charge.

              

         

        	

              	(x)	
                Confirm the Finance Charge amount is based on the interest rate as stated on the Contract, with the exception of Receivables for which the final scheduled payment is a Balloon Payment.

              

         

        	

              	(xi)	
                Confirm the Contract allows for prepayment.

              

         

        	

              	(xii)	
                 Confirm the Contract is a simple interest loan Contract.

              

         

        	

              	(xiii)	
                Confirm the Buyer’s address as of the Cutoff Date is located within the United States.

              

         

        	

              	(xiv)	
                Confirm that there is no indication that the Receivable is not assumable by another Person that is not the Obligor and would release the Obligor from their legal obligations.

              

         

        	

              	(xv)	
                If sections (i) through (xiv) are confirmed, then Test Pass.

              

         

        
          SA-2

          
            

        

        Representation

         

        (ii)          Compliance with Law.  Each Receivable complied at the time it was originated or made, and at the Cutoff Date complies, in all material respects with all requirements of applicable federal, State
          and, to the best knowledge of the Seller, local laws, rulings and regulations thereunder (including usury laws).

         

        Documents

         

        Contract

         

        List of Approved Contracts

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Contract form number and revision date are on the List of Approved Contract Forms.

              

         

        	

              	(ii)	
                Confirm the following sections of the Contract are present and completed:

              

         

        	 	(a)	
                Name and address of Obligor and Co-Obligor (if applicable)

              

         

        	

              	(b)	
                Equipment description

              

         

        	

              	(c)	
                Amount of monthly payment

              

         

        	

              	(d)	
                Number of monthly payments

              

         

        	

              	(e)	
                Annual Percentage Rate

              

         

        	

              	(f)	
                Total of Payments

              

         

        	

              	(iii)	
                Confirm there is an itemization of the amount financed.

              

         

        	

              	(iv)	
                Confirm the following disclosures are included on the Contract:

              

         

        	

              	(a)	
                Insurance requirements

              

         

        	

              	(b)	
                Security interest disclosure

              

         

        	

              	(c)	
                Prepayment disclosure

              

         

        	

              	(d)	
                Late payment policy

              

         

        	

              	(v)	
                If sections (i) through (iv) are confirmed, then Test Pass

              

         

        
          SA-3

          
            

        

        Representation

         

        (iii)        Binding Obligation.  Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with
          its terms, except as enforceability thereof may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies,
          regardless of whether such enforceability is considered in a Proceeding in equity or at law.

         

        Documents

         

        Contract

         

        Data Tape

         

        List of Approved Contracts

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Contract form number and revision date are on the List of Approved Contract Forms.

              

         

        	

              	(ii)	
                Confirm the borrower and co-borrower (if applicable) signed the Contract.

              

         

        	

              	(iii)	
                If sections (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-4

          
            

        

        Representation

         

        (iv)         No Government Obligor.  No Receivable is due from the United States or any State or any agency, department, subdivision or instrumentality thereof.

         

        Documents

         

        Contract

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Buyer section of the Contract reports a natural person’s name or business.

              

         

        	

              	(ii)	
                If the Buyer section of the Contract does not report a person’s name or business, confirm internet search results do not indicate the Buyer is the United States or any State or any agency, department or instrumentality of the United
                  State or any State.

              

         

        	

              	(iii)	
                If sections (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-5

          
            

        

        Representation

         

        
          
            
              	 	
                      (v)

                    	
                      Obligor Bankruptcy.  To the best of the Seller’s knowledge, at the Cutoff Date, no Obligor is the subject of a bankruptcy Proceeding.

                    

            

          

        

         

        Documents

         

        Contract

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Receivable File does not contain evidence that the Receivable was the subject of any bankruptcy proceeding or insolvency proceeding as of the Cutoff Date.

              

         

        	

              	(ii)	
                If sections (i) is confirmed, then Test Pass.

              

         

        
          SA-6

          
            

        

        Representation

         

        (vi)        Security Interest in Financed Equipment.  Immediately prior to the transfer of the Receivables by the Seller to the Depositor, each Receivable was secured by a valid, binding and
          enforceable first priority perfected security interest in favor of the Seller in the related Financed Equipment or all necessary action with respect to such Receivable has been taken to perfect a first priority security interest in the related
          Financed Equipment in favor of the Seller, which security interest has been validly assigned by the Seller to the Depositor.  The Servicer has received, or will receive within 180 days after the Closing Date, the original certificate of title for
          each item of Financed Equipment or notice from the applicable State entity issuing such certificate of title, that such certificate of title is being processed (other than any Financed Equipment not subject to a certificate of title statute or
          vehicle registration law or is subject to a certificate of title statute or vehicle registration law that does not require that the original certificate of title for such Financed Equipment be delivered to the Seller).

         

        Documents

         

        Contract

         

        List of Approved Contracts

         

        Title

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the title reports the Seller, as the first lien holder, or in the case of a Dealer Loan, (a) the title reports the Seller and/or the borrower under the Dealer Agreement as first lien holder and (b) a UCC financing statement
                  that includes the interests in the Financed Equipment as collateral was filed against the borrower under the Dealer Agreement prior to origination of the Dealer Loan.

              

         

        	

              	(ii)	
                Confirm the Buyer’s name as stated on the Contract matches the name on the title.

              

         

        	

              	(iii)	
                Confirm the Vehicle Identification Number (VIN) on the Contract matches the VIN number as reported on the title.

              

         

        	

              	(iv)	
                If (i) through (iii) are confirmed, then Test Pass.

              

         

        
          SA-7

          
            

        

        Representation

         

        (vii)       Receivables in Force.  No Receivable shall have been satisfied, subordinated or rescinded, nor shall any Financed Equipment have been released in whole or in part from the Lien granted by the
          related Receivable.

         

        Documents

         

        Contract

         

        Data Tape

         

        Title

         

        Receivable File

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Receivable is listed as an active account as of the Cutoff Date.

              

         

        	

              	(ii)	
                Confirm there is no evidence within the Receivable File that the Receivable was satisfied prior to the Cutoff Date.

              

         

        	

              	(iii)	
                Confirm there is no evidence within the Receivable File that the Receivable was subordinated or rescinded prior to the Cutoff Date.

              

         

        	

              	(iv)	
                Confirm there is no evidence within the Receivable File that the Financed Equipment has been released from the Lien in whole or in part prior to the Cutoff Date.

              

         

        	

              	(v)	
                If sections (i) through (iv) are confirmed, then Test Pass.

              

         

        
          SA-8

          
            

        

        Representation

         

        (viii)      No Waivers.  No provision of a Receivable shall have been waived in such a manner that such Receivable fails to meet all of the other representations and warranties made by the Seller herein with
          respect thereto.

         

        Documents

         

        Contract

         

        Data Tape

         

        Receivable File

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm there is no evidence within the Receivable File that any provision of the Receivable has been waived, altered or modified, except by instruments or documents identified within the Receivable File.

              

         

        	

              	(ii)	
                If sections (i) is confirmed, then Test Pass.

              

         

        
          SA-9

          
            

        

        Representation

         

        (ix)        No Amendments.  No Receivable shall have been amended or modified in such a manner that the total number of Monthly Payments has been increased or decreased or that the related Amount Financed has
          been increased or decreased or that such Receivable fails to meet all of the other representations and warranties made by the Seller herein with respect thereto.

         

        Documents

         

        Contract

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm that, as of the Cutoff Date, no modifications or amendments have changed the number of monthly payments or that the related amount financed has been increased or decreased.

              

         

        	

              	(ii)	
                If (i) can be confirmed, then Test Pass.

              

         

        
          SA-10

          
            

        

        Representation

         

        (x)          No Defenses.  No Receivable is subject to any right of rescission, setoff, counterclaim or defense, including the defense of usury, and the operation of any of the terms of any Receivable, or the
          exercise of any right thereunder, will not render such Receivable unenforceable in whole or in part or subject to any right of rescission, setoff, counterclaim or defense, including the defense of usury, and the Seller has not received written
          notice of the assertion with respect to any Receivable of any such right of rescission, setoff, counterclaim or defense.

         

        Documents

         

        Contract

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm there is no evidence within the Receivable File that the Receivable is subject to any right of rescission, setoff, counterclaim or defense that could cause the Receivable to become invalid.

              

         

        	

              	(ii)	
                Confirm there is no evidence within the Receivable File of litigation or other attorney involvement as of the Cutoff Date.

              

         

        	

              	(iii)	
                If sections (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-11

          
            

        

        Representation

         

        (xi)        No Liens.  No Liens or claims have been filed, including Liens for work, labor or materials or for unpaid local, State or United States federal taxes relating to any Financed Equipment that shall
          be prior to, or equal or coordinate with, the security interest in such Financed Equipment granted by the related Receivable.

         

        Documents

         

        Contract

         

        Title

         

        Receivable File

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm there is no evidence within the Receivable File of a lien or a claim filed for work, labor or materials that is prior to or equal to the security interest in the Financed Equipment created by the Receivable.

              

         

        	

              	(ii)	
                Confirm there is no evidence within the Receivable File of a tax lien that is prior to or equal to the security interest in the Financed Equipment created by the Receivable.

              

         

        	

              	(iii)	
                If sections (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-12

          
            

        

        Representation

         

        (xii)       No Defaults; Repossessions.  Except for payment defaults that, as of the Cutoff Date, have been continuing for a period of not more than 30 days, no default, breach or violation under the terms of
          any Receivable, permitting acceleration, shall have occurred as of the Cutoff Date and no continuing condition that with notice or the lapse of time or both would constitute a default, breach or violation under the terms of any Receivable,
          permitting acceleration, shall have arisen; and the Seller shall not have waived any of the foregoing except as otherwise permitted hereunder.  On or prior to the Cutoff Date, no Financed Equipment has been repossessed.

         

        Documents

         

        Contract

         

        Data Tape

         

        Receivable File

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Receivable was not more than 30 days delinquent as of the Cutoff Date.

              

         

        	

              	(ii)	
                Confirm there is no evidence of a continuing condition as of the Cutoff Date within the Receivable File which would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable.

              

         

        	

              	(iii)	
                Confirm that no evidence of a repossession event exists that indicates a repossession prior to the Cutoff Date.

              

         

        	

              	(iv)	
                If sections (i) through (iii) are confirmed, then Test Pass.

              

         

        
          SA-13

          
            

        

        Representation

         

        (xiii)      Insurance.  Each Receivable requires the related Obligor to obtain physical damage insurance covering the related Financed Equipment and to maintain such insurance.

         

        Documents

         

        Contract

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Contract contains language that required the Obligor to obtain and maintain physical damage insurance to the Financed Equipment.

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-14

          
            

        

        Representation

         

        (xiv)      Title.  It is the intention of the Seller that the transfers and assignments contemplated by the Receivables Purchase Agreement constitute a sale of the Receivables by the Seller to the Purchaser
          and that the beneficial interest in and title to the Receivables not be part of the debtor’s estate in the event of the appointment of a receiver or conservator for the Seller under any Insolvency Law; no Receivable has been sold, transferred,
          assigned or pledged by the Seller to any Person other than the Purchaser; immediately prior to the transfer and assignment contemplated by the Receivables Purchase Agreement, the Seller had good and marketable title to each Receivable free and
          clear of all Liens and rights of others, except for Permitted Liens and Liens that shall be released on or before the Closing Date; immediately upon the transfer and assignment thereof, the Purchaser shall have good and marketable title to each
          Receivable, free and clear of all Liens and rights of others other than Permitted Liens; and the transfer and assignment herein contemplated has been perfected under the UCC.

         

        Documents

         

        Contract

         

        Title

         

        Receivable File

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm there is no indication within the Receivable File that the Receivable has been sold, transferred, assigned or pledged to any Person or entity other than the Seller.

              

         

        	

              	(ii)	
                Confirm the title designates the Seller or an acceptable variation of the name, as the sole lien holder and no other lien holder is listed or in the case of a Dealer Loan, the title designates the Seller and/or the borrower under the
                  Dealer Agreement or, in each case, an acceptable variation of the name, as the sole lien holder(s) and no other lien holder is listed.

              

         

        	

              	(iii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-15

          
            

        

        Representation

         

        (xv)        Lawful Assignment.  No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer, assignment and conveyance of such Receivable under the
          Receivables Purchase Agreement or the Sale and Servicing Agreement or the pledge of such Receivables hereunder, thereunder or under the Indenture is unlawful, void or voidable or under which such Receivable would be rendered void or voidable as a
          result of any such sale, transfer, assignment, conveyance or pledge.  The Seller has not entered into any agreement with any account debtor that prohibits, restricts or conditions the assignment of the Receivables.

         

        Documents

         

        Contract

         

        Title

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Contract form number and revision date are on the List of Approved Contracts.

              

         

        	

              	(ii)	
                 Confirm the Contract does not contain language preventing the sale, transfer, assignment, conveyance or pledge of the Receivable without the consent of the owner.

              

         

        	

              	(iii)	
                If section (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-16

          
            

        

        Representation

         

        (xvi)       One Original.  There shall be only one original executed copy of each Receivable that constitutes “tangible chattel paper”.

         

        Documents

         

        Contract (other than Dealer Loans)

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm that the Contract is clearly marked as the original Contract.

              

         

        	

              	(ii)	
                Confirm that the Contract was signed by the Buyer, Co-buyer (if applicable) and Dealer.

              

         

        	

              	(iii)	
                If section (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-17

          
            

        

        Representation

         

        (xvii)     Principal Balance.  As of the Cutoff Date, each Receivable had a remaining Principal Balance of not less than $1,000.

         

        Documents

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm from the data tape that the Receivable has a remaining Principal Balance equal or greater than $1,000.

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-18

          
            

        

        Representation

         

        (xviii)    Original Term to Maturity.  Each Receivable had an original term to maturity of not more than 84 months and not less than 12 months and, based on the number of remaining Monthly Payments, a
          remaining term to maturity as of the Cutoff Date, of not more than 82 months and not less than 3 months.

         

        Documents

         

        Contract

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the sum of the Number of Payments together with any first and last scheduled monthly payments (if applicable) is within the allowable number of payments to maturity.

              

         

        	

              	(ii)	
                Confirm the remaining terms to maturity as stated within the data tape or servicing system is within the allowable number of payments to maturity.

              

         

        	

              	(iii)	
                If sections (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-19

          
            

        

        Representation

         

        (xix)       Contract Rate.  Each Receivable has a stated interest rate of at least 1.00%.

         

        Documents

         

        Contract

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the stated interest rate is greater than or equal to 1.00%.

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-20

          
            

        

        Representation

         

        (xx)        Marking Records.  As of the Closing Date, the Seller will have caused its computer and accounting records relating to each Receivable to be marked to show that the Receivables have been sold to
          the Purchaser by the Seller and transferred and assigned by the Purchaser to the Issuer in accordance with the terms of the Sale and Servicing Agreement and pledged by the Issuer to the Indenture Trustee in accordance with the terms of the
          Indenture.

         

        Documents

         

        Data Tape

         

        Receivable File

         

        Procedures to be Performed

         

        	

              	(i)	
                Observe the Receivable in the Seller’s Receivables systems as of the end of the month in which the sale and assignment of the Receivable to the Depositor occurred and confirm it is marked as sold and the pool number indicated matches
                  the pool number for the securitization transaction related to the Agreement.

              

         

        	

              	(ii)	
                 If section (i) is confirmed, then Test Pass.

              

         

        
          SA-21

          
            

        

        Representation

         

        (xxi)      UCC.  Each Receivable constitutes “tangible chattel paper” or “electronic chattel paper”, in the case of Receivables relating to Dealer Loans, an “account”, instrument” or “payment intangible”
          within the meaning of the UCC as in effect in the State of origination.

         

        Documents

         

        Contract

         

        Title

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm there is a signed installment contract or loan agreement.

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-22

          
            

        

        Representation

         

        (xxii)     Final Scheduled Payment Date.  No Receivable has a final scheduled payment date later than six months prior to the Class A‐4 Final Scheduled Payment Date.

         

        Documents

         

        Contract

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm that the final scheduled payment date on the Receivable is six months or greater prior to the Class A-4 Final Scheduled Distribution Date.

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-23

          
            

        

        Representation

         

        (xxiii)    No Fraud or Misrepresentation.  Each Receivable that was originated by a Dealer and was sold by the Dealer to the Seller, to the best of the Seller’s knowledge, was so originated and sold without
          fraud or misrepresentation on the part of such Dealer in either case.

         

        Documents

         

        Receivable File

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm that there is no indication of fraud or misrepresentation contained within the Receivable File.

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-24

          
            

        

        Representation

         

        (xxiv)     No Impairment.  The Seller has not done anything to convey any right to any Person that would result in such Person having a right to payments due under a Receivable or otherwise to impair the
          rights of the Depositor in any Receivable or the proceeds thereof.

         

        Documents

         

        Receivable File

         

        Data Tape

         

        Eligibility Criteria

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm the Receivable File contains no evidence of the rights to payments have been transferred by the Seller to any entity other than the Depositor

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

        
          SA-25

          
            

        

        Representation

         

        (xxv)     Servicing.  Each Receivable has been serviced in conformity with all Applicable Laws, rules and regulation and in conformity with the Seller’s policies and procedures which are consistent with
          customary, prudent industry standards.

         

        Documents

         

        Receivable File

         

        Data Tape

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm that there is no indication that the Receivable does not conform with all Applicable Laws, rules or regulations.

              

         

        	

              	(ii)	
                Confirm that there is no indication that the Receivable does not conform with the Seller’s policies and procedures.

              

         

        	

              	(iii)	
                If section (i) and (ii) are confirmed, then Test Pass.

              

         

        
          SA-26

          
            

        

        Representation

         

        (xxvi)    No Consent.  To the best of the Seller’s knowledge, no notice to or consent from any Obligor is necessary to effect the acquisition of the Receivables by the Purchaser or the Issuer or the pledge of
          the Receivables by the Issuer to the Indenture Trustee.

         

        Documents

         

        Contract

         

        Procedures to be Performed

         

        	

              	(i)	
                Confirm that there is no language on the Contract requiring consent from the Obligor in order to effect the acquisition of the Receivable by the Purchaser or the Issuer, or to pledge the Receivables by the Issuer to the Indenture
                  Trustee.

              

         

        	

              	(ii)	
                If section (i) is confirmed, then Test Pass.

              

         

         

        

        SA-27Exhibit 10.4

  

  

    
      DAIMLER TRUCKS RETAIL TRUST 2022-1,

      as Issuer,

       

      DAIMLER TRUCK FINANCIAL SERVICES USA LLC,

      as Administrator,

       

      DAIMLER TRUCKS RETAIL RECEIVABLES LLC,

      as Depositor,

       

      and

       

      U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,

      as Indenture Trustee

       

      
        
 

       

      

      ADMINISTRATION AGREEMENT

       

      Dated as of October 1, 2022

       
        

      

      
        
          

      

      
      TABLE OF CONTENTS

       

      	 	
              Page

            
	 	 
	
              Section 1.01. Capitalized Terms; Interpretive Provisions

            	
              1

            
	
              Section 1.02. Duties of the Administrator

            	
              2

            
	
              Section 1.03. Records

            	
              8

            
	
              Section 1.04. Compensation

            	
              8

            
	
              Section 1.05. Additional Information to be Furnished to the Issuer

            	
              8

            
	
              Section 1.06. Independence of the Administrator

            	
              8

            
	
              Section 1.07. No Joint Venture

            	
              8

            
	
              Section 1.08. Other Activities of Administrator

            	
              8

            
	
              Section 1.09. Term of Agreement; Resignation and Removal of Administrator

            	
              8

            
	
              Section 1.10. Action Upon Termination, Resignation or Removal

            	
              9

            
	
              Section 1.11. Notices

            	
              9

            
	
              Section 1.12. Amendments

            	
              10

            
	
              Section 1.13. Successors and Assigns

            	
              10

            
	
              Section 1.14. GOVERNING LAW

            	
              11

            
	
              Section 1.15. WAIVER OF JURY TRIAL

            	
              11

            
	
              Section 1.16. Table of Contents and Headings

            	
              11

            
	
              Section 1.17. Counterparts

            	
              11

            
	
              Section 1.18. Severability

            	
              11

            
	
              Section 1.19. Limitation of Liability of Owner Trustee and Indenture Trustee

            	
              11

            
	
              Section 1.20. Third‐Party Beneficiary

            	
              12

            
	
              Section 1.21. Successor Servicer and Administrator

            	
              12

            
	
              Section 1.22. Nonpetition Covenants

            	
              12

            
	
              Section 1.23. Electronic Signatures

            	
              13

            
	 	 
	
              EXHIBITS

            	 
	 	 
	
              Exhibit A - Form of Power of Attorney

            	
              A-1

            

      

      

      
        i

        
          

      

      This ADMINISTRATION AGREEMENT, dated as of October 1, 2022 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is among DAIMLER TRUCKS RETAIL TRUST
        2022-1, as issuer (the “Issuer”), DAIMLER TRUCK FINANCIAL SERVICES USA LLC (“DTFS USA”), as administrator (the “Administrator”), DAIMLER TRUCKS RETAIL RECEIVABLES LLC (“Daimler Trucks Retail Receivables”), as depositor (the “Depositor”), and U.S.
        BANK TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity but solely as trustee (the “Indenture Trustee”).

       

      WHEREAS, the Issuer was continued pursuant to an amended and restated trust agreement, dated as of October 1, 2022 (the “Trust Agreement”), between the Depositor and Wilmington Trust, National
        Association , as trustee (the “Owner Trustee”);

       

      WHEREAS, the Issuer is issuing 0.000% Class A‐1 Asset Backed Notes, 5.07% Class A‐2 Asset Backed Notes, 5.23%
          Class A‐3 Asset Backed Notes and 5.39% Class A‐4 Asset Backed Notes (collectively, the “Notes”) pursuant to an indenture, dated as of the date hereof (the “Indenture”), between the Issuer and the Indenture Trustee;

       

      WHEREAS, in connection with the issuance of the Notes and of certain beneficial ownership interests in the Issuer, certain documents have been executed, including (i) the Indenture, (ii) a sale and
        servicing agreement, dated as of the date hereof (the “Sale and Servicing Agreement”), among the Issuer, the Depositor, DTFS USA, as seller (the “Seller”) and as servicer (in such capacity, the “Servicer”), and (iii) a receivables purchase
        agreement, dated as of the date hereof (the “Receivables Purchase Agreement”), between the Seller and the Depositor;

       

      WHEREAS, pursuant to the Trust Agreement, the Sale and Servicing Agreement and the Indenture, the Issuer and the Owner Trustee are required to perform certain duties in connection with the (i)
        Notes and the collateral therefor pledged pursuant to the Indenture (the “Collateral”) and (ii) beneficial ownership interests in the Issuer;

       

      WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and the Owner Trustee referred to in the preceding clause and to provide such
        additional services consistent with the terms of this Agreement and the other Basic Documents as the Issuer and the Owner Trustee may from time to time request; and

       

      WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for the Issuer and the Owner Trustee on the terms set forth herein.

       

      NOW, THEREFORE, in consideration of the premises, the mutual covenants herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree
        as follows:

       

      Section 1.01.  Capitalized Terms; Interpretive Provisions.  Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in Appendix A to the Sale and Servicing
        Agreement, which Appendix is hereby incorporated into and made a part of this Agreement.  Appendix A also contains rules as to usage applicable to this Agreement.

       

      
        
          

      

      
      Section 1.02.  Duties of the Administrator.

       

      (a)          The Administrator agrees to perform all of its duties as Administrator, including its duties under the Asset Representations
          Review Agreement, and, except as specifically excluded herein, agrees to perform all the duties of the Issuer and the Owner Trustee under the Issuer Basic Documents.  In addition, the Administrator shall consult with the Owner Trustee regarding
          the duties of the Issuer or the Owner Trustee under the Issuer Basic Documents.  The Administrator shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the respective duties of the
          Issuer and the Owner Trustee under the Issuer Basic Documents.  The Administrator shall prepare for execution by the Issuer, or shall cause the preparation by other appropriate persons of, all such documents, reports, notices, filings,
          instruments, certificates and opinions that it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the Issuer Basic Documents.  In furtherance of the foregoing, the Administrator shall take (or, in the
          case of the immediately preceding sentence, cause to be taken) all appropriate action that the Issuer or the Owner Trustee is required to take pursuant to the Indenture including such of the foregoing actions as are required with respect to the
          following matters under the Indenture (references are to Sections of the Indenture):

       

      (i)          the preparation, obtaining or filing of the instruments, opinions and certificates and other documents
          required for the release of Collateral (Section 2.13);

       

      (ii)         the duty to cause newly appointed Paying Agents, if any, to deliver to the Indenture Trustee the instrument
          specified in the Indenture regarding funds held in trust (Section 3.03);

       

      (iii)        the direction to the Indenture Trustee to deposit monies with Paying Agents, if any, other than the
          Indenture Trustee (Section 3.03);

       

      (iv)        the obtaining and preservation of the Issuer’s qualifications to do business in each jurisdiction where such
          qualification is or shall be necessary to protect the validity and enforceability of the Indenture, the Notes, the Collateral and each other instrument or agreement included in the Trust Estate (Section 3.04);

       

      (v)         the preparation of all supplements and amendments to the Indenture and all financing statements, continuation
          statements, instruments of further assurance and other instruments and the taking of such other actions as are necessary or advisable to protect the Trust Estate (Section 3.05);

       

      (vi)        the delivery of the Opinion of Counsel on the Closing Date and the annual delivery of Opinions of Counsel as
          to the Trust Estate, and the annual delivery of the Officer’s Certificate and certain other statements as to compliance with the Indenture (Sections 3.06 and 3.09);

       

      (vii)       the identification to the Indenture Trustee in an Officer’s Certificate of a Person with whom the Issuer has
          contracted to perform its duties under the Indenture (Section 3.07(b));

       

      
        2

        
          

      

      (viii)      the preparation and delivery of written notice to the Indenture Trustee, the Depositor and the Rating
          Agencies of each Servicer Termination Event and, if such Servicer Termination Event arises from the failure of the Servicer to perform any of its duties or obligations under the Sale and Servicing Agreement with respect to the Receivables, the
          taking of all reasonable steps available to remedy such failure (Section 3.07(d));

       

      (ix)        the preparation and obtaining of documents and instruments required for the conveyance or transfer by the
          Issuer of its properties or assets (Section 3.10(b));

       

      (x)         the duty to cause the Servicer to comply with the Sale and Servicing Agreement (Section 3.12);

       

      (xi)        the delivery of written notice to the Indenture Trustee and each Rating Agency of each Event of Default under
          the Indenture and each default by the Servicer, the Seller or the Depositor under the Sale and Servicing Agreement or by the Seller or the Purchaser under the Receivables Purchase Agreement (Section 3.17);

       

      (xii)       the monitoring of the Issuer’s obligations as to the satisfaction and discharge of the Indenture and the
          preparation of an Officer’s Certificate and the obtaining of the Opinion of Counsel and the Independent Certificate relating thereto (Section 4.01);

       

      (xiii)      the compliance with Section 5.04 of the Indenture with respect to the sale of the Trust Estate if an Event of
          Default shall have occurred and be continuing (Section 5.04);

       

      (xiv)      the preparation and delivery of notice to Noteholders of the removal of the Indenture Trustee and the
          appointment of a successor Indenture Trustee (Section 6.08);

       

      (xv)       the preparation of any written instruments required to confirm more fully the authority of any co‐trustee or
          separate trustee and any written instruments necessary in connection with the resignation or removal of the Indenture Trustee or any co‐trustee or separate trustee (Sections 6.08 and 6.10);

       

      (xvi)      the furnishing of the Indenture Trustee with the names and addresses of Noteholders during any period when the
          Indenture Trustee is not the Note Registrar (Section 7.01);

       

      (xvii)     the preparation and, after execution by the Issuer, the filing with the Commission and the Indenture Trustee
          of documents required to be filed on a periodic basis with, and summaries thereof as may be required by rules and regulations prescribed by the Commission and the transmission of such summaries, as necessary, to the Noteholders (Section 7.03);

       

      (xviii)    the opening of one or more accounts in the Indenture Trustee’s name, established with the Securities
          Intermediary and the taking of all other actions necessary with respect to investment and reinvestment of funds in such accounts (Sections 8.02 and 8.03);

       

      
        3

        
          

      

      (xix)       the preparation of an Issuer Request and Officer’s Certificate and the obtaining of an Opinion of Counsel and
          Independent Certificates, if necessary, for the release of the Trust Estate (Sections 8.04 and 8.05);

       

      (xx)        the preparation of Issuer Requests and Officer’s Certificates, the obtaining of Opinions of Counsel and the
          certification to the Indenture Trustee with respect to the execution of supplemental indentures and the mailing to the Noteholders and the Rating Agencies, as applicable, of notices with respect to such supplemental indentures (Sections 9.01 and
          9.02);

       

      (xxi)       the preparation and delivery of all Officer’s Certificates, Opinions of Counsel and Independent Certificates
          with respect to any requests by the Issuer to the Indenture Trustee to take any action under the Indenture (Section 11.01(a));

       

      (xxii)      the preparation and delivery of Officer’s Certificates and the obtaining of Opinions of Counsel and
          Independent Certificates, if necessary, for the release of property from the Lien of the Indenture (Section 11.01(b));

       

      (xxiii)     the preparation and delivery of written notice to the Rating Agencies, upon the failure of the Issuer, the
          Depositor or the Indenture Trustee to give such notification, of the information required pursuant to the Indenture (Section 11.04); and

       

      (xxiv)    the recording of the Indenture, if applicable (Section 11.16).

       

      (b)          The Administrator shall:

       

      (i)          pay or cause the Servicer to pay to the Indenture Trustee from time to time such compensation and fees for
          all services rendered by the Indenture Trustee under the Indenture as have been agreed to in a separate fee schedule between the Administrator and the Indenture Trustee (which compensation shall not be limited by any Applicable Law in regard to
          the compensation of a trustee of an express trust);

       

      (ii)         except as otherwise expressly provided in the Indenture, reimburse the Indenture Trustee upon its request
          for all reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee in accordance with any provision of the Basic Documents (including the reasonable compensation, expenses and disbursements of its agents and
          counsel), except any such expense, disbursement or advance as may be attributable to its willful misconduct, negligence or bad faith;

       

      (iii)        indemnify, or cause the Servicer to indemnify, the Indenture Trustee for, and hold it harmless, or cause the
          Servicer to hold it harmless, against, any and all losses, liabilities or expenses, including attorneys’ fees, incurred by it in connection with the administration of the Issuer and the performance of its duties under the Indenture, including any
          Expenses incurred by the Indenture Trustee in connection with the enforcement of the Administrator or Servicer’s indemnification or other obligations hereunder, except the Indenture Trustee will not be indemnified for, or held harmless against,
          any loss, liability or expense incurred by it through its own willful misconduct, negligence or bad faith;

       

      
        4

        
          

      

      (iv)        except as otherwise expressly provided in the third sentence of Section 7.01 of the Trust Agreement,
          reimburse the Owner Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Owner Trustee in accordance with any provision of the Trust Agreement (including reasonable compensation, expenses and
          disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its willful misconduct, negligence or bad faith of the Owner Trustee;

       

      (v)         indemnify the Owner Trustee and its agents, successors, assigns, directors, officers and employees for, and
          hold them harmless against, any loss, obligation, damage, tax, claim, suit, liability or expense incurred without negligence, willful misconduct or bad faith on their part, arising out of or in connection with the acceptance or administration of
          the transactions contemplated by the Trust Agreement, including the reasonable costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of their powers or duties under the
          Trust Agreement; and

       

      (vi)        promptly appoint a successor Indenture Trustee pursuant to Section 6.08 of the Indenture, upon the Indenture
          Trustee’s resignation or removal, or if the office of the Indenture Trustee becomes vacant for any other reason.

       

      (c)          In addition to the duties set forth in Sections 1.02(a) and (b), the Administrator shall (i) execute on behalf of the Issuer or
          the Owner Trustee and (ii) perform such calculations and shall prepare or shall cause the preparation by other appropriate Persons of all such documents, notices, reports, filings, instruments, certificates and opinions that the Issuer or the
          Owner Trustee are required to prepare, file or deliver pursuant to the Issuer Basic Documents or are otherwise authorized to prepare, file or deliver pursuant to the Basic Documents, and at the request of the Owner Trustee, shall take all
          appropriate action that the Issuer or the Owner Trustee are required to take pursuant to the Issuer Basic Documents.  In furtherance thereof, the Owner Trustee shall, on behalf of itself and of the Issuer, execute and deliver to the Administrator
          and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A, appointing the Administrator the attorney-in-fact of the Owner Trustee and the Issuer for the
          purpose of executing on behalf of the Owner Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions.  Subject to Section 1.06, and in accordance with the directions of the Owner Trustee, the
          Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested
          by the Owner Trustee and are reasonably within the capability of the Administrator.

       

      (d)         Notwithstanding anything in this Agreement or the other Basic Documents to the contrary, the Administrator shall be responsible
          for promptly notifying the Owner Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to a Certificateholder as contemplated in Section 5.01(c) of the Trust Agreement.  Any such notice shall
          specify the amount of any withholding tax required to be withheld by the Owner Trustee pursuant to such provision.

       

      
        5

        
          

      

      (e)          Notwithstanding anything in this Agreement or the other Basic Documents to the contrary, the Administrator shall be responsible
          for performance of the duties of the Owner Trustee set forth in Section 5.04 of the Trust Agreement with respect to, among other things, accounting and reports to Certificateholders.

       

      (f)          To the extent that any tax withholding is required, the Administrator shall deliver to the Owner Trustee and the Indenture
          Trustee, on or before January 31, 2023, a certificate of an Authorized Officer in form and substance satisfactory to the Owner Trustee as to such tax withholding and the procedures to be followed with respect thereto to comply with the
          requirements of the Code.  The Administrator shall update such certificate if any additional tax withholding is subsequently required or any previously required tax withholding shall no longer be required.

       

      (g)          The Administrator shall perform the duties of the Administrator specified in Section 10.02 of the Trust Agreement required to be
          performed in connection with the resignation or removal of the Owner Trustee, and any other duties expressly required to be performed by the Administrator under the Trust Agreement, the Asset Representations Review Agreement or any other Basic
          Document.

       

      (h)          In carrying out the foregoing duties or any of its other obligations under this Agreement, the Administrator may enter into
          transactions or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions received from the Issuer and shall be, in the Administrator’s opinion, no
          less favorable to the Issuer than would be available from unaffiliated parties.

       

      (i)          With respect to matters that in the reasonable judgment of the Administrator are non‐ministerial, the Administrator shall not
          take any action unless within a reasonable time before the taking of such action, the Administrator shall have notified the Owner Trustee of the proposed action and the Owner Trustee shall not have withheld consent, which consent shall not be
          unreasonably withheld or delayed, or provided an alternative direction.  For the purpose of the preceding sentence, “non‐ministerial matters” shall include:

       

      (i)          the amendment of or any supplement to the Indenture;

       

      (ii)         the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit
          brought by or against the Issuer (other than in connection with the collection of the Receivables);

       

      (iii)        the amendment, change or modification of the Basic Documents;

       

      (iv)        the appointment of successor Note Registrars, successor Paying Agents and successor Indenture Trustees
          pursuant to the Indenture or the appointment of successor Administrators or Successor Servicers, or the consent to the assignment by the Note Registrar, any Paying Agent or Indenture Trustee of its obligations under the Indenture;

       

      
        6

        
          

      

      (v)         the appointment of successor Owner Trustees pursuant to the Trust Agreement; and

       

      (vi)        the removal of the Indenture Trustee.

       

      (j)           Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not, (i) make any payments to the Noteholders
        under the Basic Documents, (ii) take any other action that the Issuer directs the Administrator not to take on its behalf or (iii) take any other action which may be construed as having the effect of varying the investment of the Securityholders.

       

      (k)          The Administrator may enter into subservicing agreements with one or more subservicers for the performance of all or part of the Administrator’s duties hereunder. 
        References herein to actions taken or to be taken by the Administrator include actions taken or to be taken by a subservicer on behalf of the Administrator.  Each subservicing agreement will be upon such terms and conditions as are not inconsistent
        with this Agreement and as the Administrator and the subservicer have agreed.

       

      (l)           If requested by the Depositor for purposes of compliance with its reporting obligations under the Exchange Act, the Administrator will provide to the Depositor
        and the Servicer on or before March 1 of each year beginning March 1, 2023, the servicing criteria assessment required to be filed in respect of the Issuer under the Exchange Act under Item 1122 of Regulation AB if periodic reports under Section
        15(d) of the Exchange Act, or any successor provision thereto, are required to be filed in respect of the Issuer and shall cause a firm of independent certified public accountants, who may also render other services to the Administrator, the
        Servicer, the Seller or the Depositor, to deliver to the Depositor and the Servicer the attestation report that would be required to be filed in respect of the Issuer under the Exchange Act if periodic reports under Section 15(d) of the Exchange
        Act, or any successor provision thereto, were required to be filed in respect of the Issuer.  Such attestation shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act.  In the event
        that an overall opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion.

       

      The Administrator and the Depositor acknowledge and agree that the purpose of this Section 1.02(l) is to facilitate compliance by the Depositor with the provisions of Regulation AB and the related rules and regulations
        of the Commission.  The Depositor shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act
        and the rules and regulations of the Commission under the Securities Act and the Exchange Act.  The Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance
        provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel or otherwise, and the Administrator agrees to comply with all reasonable requests made by the Depositor in good faith
        for delivery of information and shall deliver to the Depositor all information and certifications reasonably required by the Depositor to comply with its Exchange Act reporting obligations, including with respect to any of its predecessors or
        successors. The obligations of the Administrator to provide such information shall survive the removal or termination of the Administrator as Administrator hereunder.

       

      
        7

        
          

      

      Section 1.03.  Records.  The Administrator shall maintain appropriate books of account and records relating to services performed hereunder, which books of account and
        records shall be accessible for inspection by the Issuer and the Depositor at any time during normal business hours, upon reasonable prior notice.

       

      Section 1.04.  Compensation.  As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related
        thereto, the Administrator shall be entitled to a monthly payment of compensation which shall be solely an obligation of the Servicer.

       

      Section 1.05.  Additional Information to be Furnished to the Issuer.  The Administrator shall furnish to the Issuer from time to time such additional information regarding
        the Collateral as the Issuer may reasonably request.

       

      Section 1.06.  Independence of the Administrator.  For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the
        supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder.  Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or
        represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

       

      Section 1.07.  No Joint Venture.  Nothing contained in this Agreement shall (i) constitute the Administrator and either the Issuer or the Owner Trustee as members of any
        partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) be construed to impose any liability as such on any of them or (iii) be deemed to confer on any of them any express, implied or apparent
        authority to incur any obligation or liability on behalf of the others.

       

      Section 1.08.  Other Activities of Administrator.  Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole
        discretion, from acting in a similar capacity as an administrator for any other Person, even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.

       

      Section 1.09.  Term of Agreement; Resignation and Removal of Administrator.  This Agreement shall continue in force until the dissolution of the Issuer, upon which event
        this Agreement shall automatically terminate.

       

      (a)          Subject to Section 1.09(c), (i) the Administrator may resign its duties hereunder by providing the Issuer with at least 60 days’
          prior written notice and (ii) the Issuer may remove the Administrator without cause by providing the Administrator with at least 60 days’ prior written notice.

       

      
        8

        
          

      

      (b)         Subject to Section 1.09(c), at the sole option of the Issuer, the Administrator may be removed immediately upon written notice
          of termination from the Issuer to the Administrator if any of the following events shall occur:

       

      (i)          the Administrator shall default in the performance of any of its duties under this Agreement and, after
          notice of such default, shall not cure such default within ten days (or, if such default cannot be cured in such time, shall not give within ten days such assurance of cure as shall be reasonably satisfactory to the Issuer); or

       

      (ii)         an Insolvency Event occurs with respect to the Administrator.

       

      The Administrator agrees that if an Insolvency Event occurs with respect to it, it shall give written notice thereof to the Issuer and the Indenture Trustee within seven days after the occurrence
        of such event.

       

      (c)          No resignation or removal of the Administrator pursuant to this Section shall be effective until (i) a successor Administrator
          shall have been appointed by the Issuer and (ii) such successor Administrator shall have agreed in writing to be bound by the terms of this Agreement in the same manner as the Administrator is bound hereunder.  The appointment of any successor
          Administrator shall be effective after providing prior written notice to each Rating Agency with respect to the proposed appointment.

       

      (d)          Subject to Section 1.09(c), the Administrator acknowledges that upon the appointment of a Successor Servicer pursuant to the
          Sale and Servicing Agreement, the Administrator shall immediately resign and such Successor Servicer shall automatically become the Administrator under this Agreement.

       

      Section 1.10.  Action Upon Termination, Resignation or Removal.  Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section
        1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (d), respec-tively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination,
        resignation or removal.  The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the
        Administrator.  In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in
        making an orderly transfer of the duties of the Administrator.

       

      Section 1.11.  Notices.  Unless otherwise specified in this Agreement, all notices, requests, demands, consents, waivers or other communications to or from the parties to this Agreement will be in writing. 
        Notices, requests, demands, consents and other communications will be deemed to have been given and made, (i) upon delivery or, in the case of a letter mailed via registered first class mail, postage prepaid, three days after deposit in the mail
        and (ii) in the case of (a) a facsimile, when receipt is confirmed by telephone or by reply e‐mail or reply facsimile from the recipient, (b) an e-mail, when receipt is confirmed by telephone or by reply e‐mail from the recipient and (c) an
        electronic posting to a password-protected website, upon printed confirmation of the recipient’s access to such password-protected website, or when notification of such electronic posting is confirmed in accordance with clauses (ii) (b) through
        (ii)(c) above.  Unless otherwise specified in this Agreement, any such notice, request, demand, consent or other communication will be delivered or addressed, in the case of (i) the Issuer or the Owner Trustee, at the Corporate Trust Office (ii)
        the Administrator, at 14372 Heritage Parkway, Fort Worth, Texas 76177, Attention: Jeffrey Fleishmann (e-mail: jeffrey.fleishmann@daimlertruck.com), (iii) the Depositor, at 14372 Heritage Parkway, Fort Worth, Texas 76177, Attention: Jeffrey
        Fleishmann (e-mail: jeffrey.fleishmann@daimlertruck.com), and (iv) the Indenture Trustee, at its Corporate Trust Office, (e-mail: melissa.rosal@usbank.com, telecopier: (312) 332-7996); or as to each of the foregoing, at such other address as shall
        be designated by written notice to the other entities.

       

      
        9

        
          

      

      Section 1.12.  Amendments.  This Agreement may be amended from time to time by a written amendment duly executed and delivered by the parties hereto, with the written
        consent of the Owner Trustee but without the consent of the Securityholders, for the purposes of curing any ambiguity or mistake, adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of
        modifying in any manner the rights of the Securityholders; provided, that no such amendment shall materially and adversely affect the interest of any Securityholder.  This Agreement may also be amended by the parties hereto with the written consent
        of the Noteholders evidencing at least 51% of the Note Balance of the Notes or, if the Notes have been paid in full, the Certificateholders evidencing at least 51% of the aggregate Certificate Percentage Interest for the purpose of adding any
        provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Securityholders; provided, however, that no such amendment may (i) increase or reduce in any manner the
        amount of, or accelerate or delay the timing of, collections of payments on the Receivables or distributions that are required to be made for the benefit of the Securityholders or (ii) reduce the percentage of the Note Balance or of the Certificate
        Percentage Interest, the consent of the Noteholders or the Certificateholders, respectively, of which is required for this amendment, in each case without the consent of the Holders of all outstanding Securities adversely affected by the amendment.

       

      An amendment to this Agreement shall be deemed not to materially adversely affect the interests of any Securityholder if the Person requesting such amendment obtains and delivers to the Owner
        Trustee and the Indenture Trustee an Opinion of Counsel or an Officer’s Certificate of the Issuer to that effect and, with respect to the Notes, by satisfaction of the Rating Agency Condition with respect to such amendment.  Notwithstanding the
        foregoing, the Administrator may not amend this Agreement without the consent of the Depositor, which consent shall not be unreasonably withheld.

       

      Section 1.13.  Successors and Assigns.  This Agreement may not be assigned by the Administrator unless such assignment is previously consented to in writing by the Issuer
        and the Owner Trustee, and subject to the satisfaction of the Rating Agency Condition in respect thereof.  An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the same manner as the
        Administrator is bound hereunder.  Notwithstand-ing the foregoing, this Agreement may be assigned by the Administrator without the consent of the Issuer or the Owner Trustee to a corporation or other organization that is a successor (by merger,
        consolidation or purchase of assets) to the Administrator; provided, that such successor organization executes and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an agreement, in form and substance reasonably satisfactory to
        the Owner Trustee and the Indenture Trustee, in which such corporation or other organization agrees to be bound hereunder by the terms of said assignment in the same manner as the Administrator is bound hereunder.  Subject to the foregoing, this
        Agreement shall bind any successors or assigns of the parties hereto.

       

      
        10

        
          

      

      Section 1.14.  GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
          STATE OF NEW YORK, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICT OF LAWS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL
          BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

       

      Section 1.15.  WAIVER OF JURY TRIAL.  TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO WAIVES ANY
          RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION
          WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.  INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

       

      Section 1.16.  Table of Contents and Headings.  The Table of Contents and the various headings in this Agreement are included for convenience only and will not affect the
        meaning or interpretation of any provision of this Agreement.

       

      Section 1.17.  Counterparts.  This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an
        original, but all such counterparts shall together constitute but one and the same instrument.

       

      Section 1.18.  Severability.  If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then
        such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and shall in no way affect the validity or enforceability of the other covenants, agreements,
        provisions and terms of this Agreement.

       

      Section 1.19.  Limitation of Liability of Owner Trustee and Indenture Trustee.

       

      (a)          Notwithstanding anything contained herein to the contrary, it is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and
        delivered by Wilmington Trust, National Association, not individually or personally but solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it, (ii) each of the
        representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking or agreement by the Owner Trustee but is made and intended for the purpose of binding only the
        Issuer, (iii) nothing herein contained shall be construed as creating any liability on the Owner Trustee, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly
        waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (iv) the Owner Trustee has not verified and has made no investigation as to the accuracy or completeness of any representations or warranties made by
        the Issuer hereunder and (v) under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or
        covenant made or undertaken by the Issuer under this Agreement or any other related documents.  For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and
        entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

       

      
        11

        
          

      

      (b)         Notwithstanding anything contained herein to the contrary, this Agreement has been executed by U.S. Bank Trust Company, National
          Association solely in its capacity as Indenture Trustee under the Indenture, and in no event shall the Indenture Trustee in its individual capacity have any liability for the representations, warranties, covenants, agreements or other
        obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.

       

      Section 1.20.  Third‐Party Beneficiary.  The Owner Trustee is a third‐party beneficiary to this Agreement and is entitled to the rights and benefits hereunder and may
        enforce the provisions hereof as if it were a party hereto.

       

      Section 1.21.  Successor Servicer and Administrator.  The Administrator shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of
        the Servicer’s rights and powers pursuant to Section 7.01 of the Sale and Servicing Agreement, to enforce the provisions of Section 7.02 of the Sale and Servicing Agreement with respect to the appointment of a Successor Servicer.  Such Successor
        Servicer shall, upon compliance with the second to last sentence of Section 7.02 of the Sale and Servicing Agreement, become the successor Administrator hereunder; provided, however, that if the Indenture Trustee shall become such successor
        Administrator, the Indenture Trustee shall not be required to perform any obligations or duties or conduct any activities as successor Administrator that would be prohibited by law and not within the banking and trust powers of the Indenture
        Trustee.  In such event, the Indenture Trustee may appoint a sub-administrator to perform such obligations and duties. Any transfer of servicing pursuant to Section 7.02 of the Sale and Servicing Agreement and related succession as Administrator
        hereunder shall not constitute an assumption by the related successor Administrator of any liability of the related outgoing Administrator arising out of any breach by such outgoing Administrator of such outgoing Administrator’s duties hereunder
        prior to such transfer.

       

      Section 1.22.  Nonpetition Covenants.

       

      (a)          Each of the Depositor, the Administrator, the Owner Trustee and the Indenture Trustee covenants and agrees that it will not at any
          time institute against, or join any Person in instituting against, the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings, or other Proceedings under any Insolvency Law in connection with any
        obligations relating to any of the Basic Documents and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Issuer during the same period.

       

      
        12

        
          

      

      (b)          Each of the Issuer, the Administrator, the Owner Trustee and the Indenture Trustee covenants and agrees that it will not at any time institute against, or join any
        Person in instituting against, the Depositor any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings, or other Proceedings under any Insolvency Law in connection with any obligations relating to any of the Basic Documents
        and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Depositor during the same period.

       

      Section 1.23.  Electronic Signatures.  Any signature (including any electronic symbol or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign,
        authenticate or accept such contract or record) hereto or to any other certificate, agreement or document related to this Agreement, and any contract formation or record-keeping through electronic means shall have the same legal validity and
        enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
        Electronic Signatures and Records Act, or any similar State law based on the Uniform Electronic Transactions Act.

       

      

      
        13

        
          

      

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

       

      	 	
              DAIMLER TRUCKS RETAIL TRUST 2022-1, as Issuer

            
	 	 
	 	
              By:

            	
              WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee

            
	 	 	 
	 	
              By:

            	/s/ Andrew M. Cooper
	 	 	
              Name: Andrew M. Cooper

            
	 	 	
              Title: Vice President

            
	 	 	 
	 	
              DAIMLER TRUCKS RETAIL RECEIVABLES LLC,

            
	 	
              as Depositor

            
	 	 	 
	 	
              By:

            	
              /s/ Stephen Hathaway

            
	 	 	
              Name: Stephen Hathaway

            
	 	 	
              Title: Vice President

            
	 	 	 
	 	
              U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,

            
	 	
              not in its individual capacity but solely as Indenture Trustee

            
	 	 	 
	 	
              By:

            	
              /s/ Juan S. Hernandez

            
	 	 	
              Name: Juan S. Hernandez

            
	 	 	
              Title: Assistant Vice President

            

       

      

      
        Administration Agreement

         

        

      

      
        
          

      

      	 	
              DAIMLER TRUCK FINANCIAL SERVICES USA LLC, as Administrator

            
	 	 	 
	 	
              By:

            	
              /s/ Gianni Gatto

            
	 	 	
              Name: Gianni Gatto

            
	 	 	
              Title: Vice President and Chief Financial Officer

            

       

      

      
        Administration Agreement

         

        

      

      
        
          

      

      
      EXHIBIT A

       

      POWER OF ATTORNEY PURSUANT TO

      SECTION 1.02(c) OF ADMINISTRATION AGREEMENT

       

      KNOW ALL MEN BY THESE PRESENTS, that Wilmington Trust, National Association, a national banking association,  not in its individual capacity but solely as Owner Trustee of Daimler Trucks Retail
        Trust 2022-1, a Delaware statutory trust (the “Issuer”), as grantor (in such capacity, the “Grantor”), does hereby appoint Daimler Truck Financial Services USA LLC, a Delaware limited liability company (“DTFS USA”), as grantee (the “Grantee”), as
        its attorney-in-fact with full power of substitution and hereby authorizes and empowers the Grantee, in the name of and on behalf of the Grantor or the Issuer, to take the following actions from time to time with respect to the duties of DTFS USA,
        as administrator (in such capacity, the “Administrator”) under the administration agreement, dated as of October 1, 2022 (the “Administration Agreement”), among the Issuer, the Administrator, Daimler Trucks Retail Receivables LLC (“Daimler Trucks
        Retail Receivables”) and U.S. Bank Trust Company, National Association, for the purpose of executing on behalf of the Grantor or the Issuer all such documents, reports, filings, instruments, certificates and opinions required pursuant to the Basic
        Documents.

       

      The Grantee is hereby empowered to do any and all lawful acts necessary or desirable to effect the performance of its duties as Administrator under the Administration Agreement and the Grantor
        hereby ratifies and confirms any and all lawful acts the Grantee shall undertake pursuant to and in conformity with this Power of Attorney.

       

      This Power of Attorney is revocable in whole or in part as to the powers herein granted upon notice by the Grantor.  If not earlier revoked, this Power of Attorney shall expire completely or, if so
        indicated, in part, upon the earlier of the (i) termination of the amended and restated trust agreement, dated as of October 1, 2022 (the “Trust Agreement”), between Daimler Trucks Retail Receivables, as depositor, and Wilmington Trust, National
        Association (“WTNA”), as owner trustee, or (ii) termination of the Administration Agreement.  Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in the Trust Agreement or, if not defined therein,
        in the Administration Agreement, as the case may be.

       

      This Power of Attorney shall be created under and governed and construed under the internal laws of the State of New York.

       

      The Grantor executes this Power of Attorney with the intent to be legally bound hereby, and with the intent that such execution shall have the full dignity afforded by the accompanying witnessing
        and notarization and all lesser dignity resulting from the absence of such witnessing and notarization or any combination thereof.

       

      
        A-1

        
          

      

      It is expressly understood and agreed by the Grantee and any person relying on this Power of Attorney that (a) the Administration Agreement and this Power of Attorney is executed and delivered by
        WTNA, not individually or personally, but solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements made in the Administration Agreement or in this
        Power of Attorney on the part of the Grantor is made and intended not as personal representations, undertakings and agreements by WTNA but is made and intended for the purpose of binding only the Grantor, (c) nothing in the Administration Agreement
        or herein contained shall be construed as creating any liability on WTNA, individually or personally, to perform any covenant either expressed or implied contained in the Administration Agreement or herein of the Grantor or the Owner Trustee, all
        such liability, if any, being expressly waived by the Grantee and any person relying on this Power of Attorney and by any person claiming by, through or under the Grantee or such person, (d) WTNA has made no investigation as to the accuracy or
        completeness of any representations and warranties made in the Administration Agreement or herein and (e) under no circumstances shall WTNA be personally liable for the payment of any indebtedness or expenses of the Grantor or the Owner Trustee or
        be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Grantor or the Owner Trustee under the Administration Agreement, this Power of Attorney or any other related documents.

       

      Notwithstanding anything herein to the contrary, this Power of Attorney does not, and is not intended to, and will not be construed to, grant any authority to the Grantee to (i) expand, increase,
        incur, or otherwise impose any duties, liabilities or obligations of or on the Owner Trustee, as trustee or in its individual capacity, or (ii) provide any guaranty, indemnity or property of the Owner Trustee, as trustee or in its individual
        capacity, for any reason whatsoever.

       

      

      
        A-2

        
          

      

      Dated this ____ day of October, 2022.

       

      	 	
              WILMINGTON TRUST, NATIONAL ASSOCIATION,

              not in its individual capacity but solely as Owner Trustee of Daimler Trucks Retail Trust 2022-1

            
	 	 
	 	
              By:

            	
              

              

            
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	
              STATE OF DELAWARE

            	
              }

            
	 	
              }

            
	
              COUNTY OF NEWCASTLE

            	
              }

            

      

      

      Before me, the undersigned authority, on this day personally appeared ____________, known to me to be the person whose name is subscribed to the foregoing instruments, and acknowledged to me that he/she signed the
        same for the purposes and considerations therein expressed.

      Sworn to before me on this ____ day of October, 2022.

      Notary Public – State of Delaware

      

      

      
        
 

      

      

      

      

      A-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]