Document:

EX-10.1

 Exhibit 10.1 

EXECUTION COPY 

AMENDMENT NO. 1 
 TO

 SERIES 2012-VFN INDENTURE SUPPLEMENT 

THIS AMENDMENT NO. 1 TO SERIES 2012-VFN INDENTURE SUPPLEMENT (this “Amendment”) is made as of September 13, 2013, by and
between Navistar Financial Dealer Note Master Owner Trust II, a Delaware statutory trust (the “Issuer”), and Citibank, N.A., a national banking association, as indenture trustee (the “Indenture Trustee”). 

The Issuer and the Indenture Trustee are parties to the Indenture, dated as of November 2, 2011, as amended on February 13, 2013
(the “Indenture”), and the related Series 2012-VFN Indenture Supplement, dated as of August 29, 2012 (the “Series 2012-VFN Indenture Supplement”). The Issuer and the Indenture Trustee have agreed to amend the
2012-VFN Indenture Supplement pursuant to Section 10.02 of the Indenture in the manner set forth herein. Capitalized terms used herein but not otherwise defined have the meanings set forth in the Series 2012-VFN Indenture Supplement.

 1. Amendment to Section 1.01. Section 1.01 of the Series 2012-VFN Indenture Supplement is hereby amended by
deleting the definition of “Series 2012-VFN Overcollateralization Factor” in its entirety and replacing it with the following: 

“Series 2012-VFN Overcollateralization Factor” means 28.50%; provided, however, if any
outstanding series of Notes issued by the Issuing Entity or Navistar Financial Dealer Note Master Owner Trust rated upon initial issuance in the AAA/Aaa category by either Moody’s or S&P is downgraded to below AAA/Aaa, the Series 2012-VFN
Overcollateralization Factor will be set at the level reasonably determined by the Administrative Agent necessary (together with any change to the Spread Account Required Percentage) to support a rating in the AAA/Aaa category for long-term debt on
the Series 2012-VFN Notes, subject to the consent of the Depositor or, if the Depositor shall not so consent, the Purchase Expiration Date shall be deemed to have occurred.” 

2. Miscellaneous. As amended by this Amendment, the Series 2012-VFN Indenture Supplement is in all respects ratified and confirmed and
the Series 2012-VFN Indenture Supplement as so amended by this Amendment shall be read, taken and construed as one and the same instrument. This Amendment may be executed in two or more counterparts (and by different parties on separate
counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. This Amendment shall be governed by and construed in accordance with the internal laws of the State of New York, without
reference to the conflict of law provisions thereof or any other jurisdiction, other than Section 5-1401 and Section 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. 

 3. Limitation of Owner Trustee Liability. Notwithstanding anything to the contrary, this
Amendment has been signed by Deutsche Bank Trust Company Delaware, not in its individual capacity but solely in its capacity as Owner Trustee on behalf of the Issuer. 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 Deutsche Bank Trust Company Delaware, but is made for the purpose of binding only the Issuer. In no event shall Deutsche Bank Trust Company Delaware
have any personal liability for the representations, warranties, covenants, agreement or other obligations of the Issuer hereunder or in any certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had
solely to the assets of the Issuer. 
 4. Rights of the Indenture Trustee. The Indenture Trustee shall be afforded the same rights,
protections, immunities and indemnities as are set forth in the Indenture as if specifically set forth herein. The Indenture Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Amendment and is not
responsible for any statement made herein. The Administrator hereby certifies that all of the conditions precedent for the making of this Amendment have been complied with. 

[signatures on next page] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Series 2012-VFN
Indenture Supplement to be duly executed by their respective officers as of the date first written above. 
  

			
	 NAVISTAR FINANCIAL DEALER NOTE

MASTER OWNER TRUST II,

	as Issuer
		
	By:	 	DEUTSCHE BANK TRUST COMPANY
		 	DELAWARE,
		 	as Owner Trustee and not
		 	in its individual capacity
		
	By:	 	/s/ Diana Vasconez
	Name:	 	Diana Vasconez
	Title:	 	Attorney-in-fact
		
	By:	 	/s/ Maria Inoa
	Name:	 	Maria Inoa
	Title:	 	Attorney-in-fact
	
	 CITIBANK, N.A.,
 as Indenture
Trustee and not in its individual capacity

		
	By:	 	/s/ Jacqueline Suarez
	Name:	 	Jacqueline Suarez
	Title:	 	Vice President

  
 Amendment No. 1 to 

Series 2012-VFN Indenture Supplement 

 The undersigned hereby (a) acknowledge that Bank of America, National Association, The Bank of Nova Scotia
and Credit Suisse AG, New York Branch, in their respective capacities as Managing Agents, own 100% of the Series 2012-VFN Notes and that Bank of America, National Association, The Bank of Nova Scotia and Credit Suisse AG, New York Branch are the
Managing Agents under the Note Purchase Agreement, (b) acknowledge receipt of notice of this Amendment No. 1 to Series 2010-VFN Indenture Supplement and (c) consent to the execution thereof: 

 

			
	BANK OF AMERICA, NATIONAL ASSOCIATION,
	as Administrative Agent
		
	By:	 	/s/ Margaux L. Karagosian
	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President
	
	 BANK OF AMERICA, NATIONAL ASSOCIATION,

as a Committed Purchaser and Managing Agent for
 the Bank of
America Purchaser Group

		
	By:	 	/s/ Margaux L. Karagosian
	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President

  
 Amendment No. 1 to 

Series 2012-VFN Indenture Supplement 

			
	 LIBERTY STREET FUNDING LLC,
 as a
Conduit Purchaser for the Liberty Street Purchaser Group

		
	By:	 	/s/ Jill A. Russo
	Name:	 	Jill A. Russo
	Title:	 	Vice President
	
	THE BANK OF NOVA SCOTIA,
	 as a Committed Purchaser and Managing Agent for

the Liberty Street Purchaser Group

		
	By:	 	/s/ Paula J. Czach
	Name:	 	Paula J. Czach
	Title:	 	Managing Director

  
 Amendment No. 1 to 

Series 2012-VFN Indenture Supplement 

			
	 CREDIT SUISSE AG, NEW YORK BRANCH,

as the Managing Agent for

	the CS Purchaser Group
		
	By:	 	/s/ Jason Muncy
	Name:	 	Jason Muncy
	Title:	 	Vice President
		
	By:	 	/s/ Michelangelo Raimondi
	Name:	 	Michelangelo Raimondi
	Title:	 	Vice President
	
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as a Committed Purchaser for

	the CS Purchaser Group
		
	By:	 	/s/ Jason D. Muncy
	Name:	 	Jason D. Muncy
	Title:	 	Authorized Signatory
		
	By:	 	/s/ Michelangelo Raimondi
	Name:	 	Michelangelo Raimondi
	Title:	 	Authorized Signatory

  
 Amendment No. 1 to 

Series 2012-VFN Indenture Supplement 

 With respect to Section 4 of this Amendment, agreed to by: 

 

			
	 NAVISTAR FINANCIAL CORPORATION,

as Administrator

		
	By:	 	/s/ Mary Ellen Kummer
	Name:	 	Mary Ellen Kummer
	Title:	 	Vice President and Assistant Treasurer

  
 Amendment No. 1 to 

Series 2012-VFN Indenture SupplementEX-10.2

 Exhibit 10.2 

EXECUTION COPY 

AMENDMENT NO. 2 
 TO

 NOTE PURCHASE AGREEMENT 

THIS AMENDMENT NO. 2 TO NOTE PURCHASE AGREEMENT (this “Amendment”) dated as of September 13, 2013, is entered into among
Navistar Financial Securities Corporation, as the Seller (the “Seller”), Navistar Financial Corporation, as the Servicer (the “Servicer”), The Bank of Nova Scotia (“BNS”), as a Managing Agent and as
a Committed Purchaser, Liberty Street Funding LLC (“Liberty Street”), as a Conduit Purchaser, Credit Suisse AG, New York Branch (“CS NYB”), as a Managing Agent, Credit Suisse AG, Cayman Islands Branch (“CS
CIB”), as a Committed Purchaser, Alpine Securitization Corp. (“Alpine”), as a Conduit Purchaser, and Bank of America, National Association (“Bank of America”; together with BNS, Liberty Street, CS NYB, CS
CIB and Alpine, the “Purchaser Parties”), as Administrative Agent (in such capacity, the “Administrative Agent”), as a Managing Agent and as a Committed Purchaser. 

R E C I T A L S 
 A. The
parties hereto are parties to that certain Note Purchase Agreement dated as of August 29, 2012 (as amended by Amendment No. 1 to Note Purchase Agreement dated as of March 18, 2013, the “Agreement”). 

B. The parties to the Agreement desire to extend the Scheduled Purchase Expiration Date to September 12, 2014. 

D. In connection with the Assignment and Assumption Agreement, dated as of the date hereof, between Alpine Securitization Corp. and CS CIB, the
parties to the Agreement desire to further amend the Agreement as hereafter set forth. 
 C. NOW THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Amendments to
Agreement. 
 a. The definition of “Alpine Purchaser Group” in Section 1.01 of the Agreement is
hereby deleted in its entirety. 
 b. The definition of “Bank of America Alternate Rate” in
Section 1.01 of the Agreement is hereby amended by deleting the percentage “3.50%” where it appears therein and replacing it with the percentage “3.25%”. 

c. The definition of “Bank of America Spread” in Section 1.01 of the Agreement is hereby amended and
restated in its entirety to read as follows: 

 “Bank of America Spread” shall be equal to the Program Rate for
that portion of the Funded Amount held by Bank of America until such time as either the CS Purchaser Group is funding all or any portion of the Funded Amount pursuant to the Alpine Liquidity Asset Purchase Agreement or the Liberty Street Purchaser
Group is funding all or any portion of the Funded Amount by reference to the BNS Alternate Rate, in which event the Bank of America Spread shall be 2.75 % per annum. 

d. The definition of “BNS Alternate Rate” in Section 1.01 of the Agreement is hereby amended by deleting
the percentage “3.50%” where it appears therein and replacing it with the percentage “3.25%”. 
 e. The
definition of “CS Alternate Rate” in Section 1.01 of the Agreement is hereby amended and restated in its entirety to read as follows: 

“CS Alternate Rate” for any Fixed Period for any Funding Tranche funded by the CS Purchaser Group means an
interest rate per annum equal the CS Spread above the Eurodollar Rate for such Fixed Period; provided, however, that in the case of: 

(i) any Fixed Period existing on or after the first day of which CS NYB, in its capacity as Managing Agent for the CS
Purchaser Group, shall have been notified by a Purchaser or a Liquidity Purchaser or other Program Support Provider for the CS Purchaser Group that the introduction of or any change in or in the interpretation of any law or regulation makes it
unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for such Purchaser, Liquidity Purchaser or other Program Support Provider to fund any Funding Tranche based on the Eurodollar Rate (and such Purchaser,
Liquidity Purchaser or other Program Support Provider shall not have subsequently notified CS NYB that such circumstances no longer exist), 

(ii) any Fixed Period of one to (and including) 13 days, 

(iii) any Fixed Period relating to a Funding Tranche which is less than $1,000,000, or 

(iv) any Fixed Period with respect to which the Alternate Rate, for any reason, becomes applicable on notice to the
Administrative Agent of less than three Business Days, 
 the “CS Alternate Rate” for each such Fixed Period shall be an
interest rate per annum equal to the Corporate Base Rate in effect on each day of such Fixed Period. The “CS Alternate Rate” for any day on or after the occurrence of an Early Redemption Event shall be an interest rate equal to
3.25% per annum above the Corporate Base Rate in effect on such day. 
 f. The following new defined terms and
definitions thereof are hereby added to Section 1.01 of the Agreement in appropriate alphabetical order: 

  
 2 

 “CS Purchaser Group” means Credit Suisse AG, Cayman Islands
Branch, in its capacity as a Committed Purchaser hereunder and each permitted assignee thereof. 
 “CS
Spread” shall be equal to the Program Rate for that portion of the Funded Amount held by CS CIB until such time as either the CS Purchaser Group is funding all or any portion of the Funded Amount pursuant to the Alpine Liquidity Asset
Purchase Agreement or the Liberty Street Purchaser Group is funding all or any portion of the Funded Amount by reference to the BNS Alternate Rate, in which event the CS Spread shall be 2.75% per annum. 

g. The definition of “Funding Rate” in Section 1.01 of the Agreement is hereby amended by adding the
following proviso to the end of such definition: 
 “; provided that for any day on or after the occurrence of an Early
Redemption Event, the Funding Rate shall be equal to the applicable Alternate Rate”. 
 h. The definitions of
“Managing Agents” and “Purchaser Group” in Section 1.01 of the Agreement are hereby amended by deleting the phrase “Alpine Purchaser Group” where it appears therein and replacing it with the phrase “CS
Purchaser Group”. 
 i. The definition of “Scheduled Purchase Expiration Date” in Section 1.01 of
the Agreement is hereby amended to replace the date “March 13, 2014” set forth therein with the date “September 12, 2014”. 

j. Section 3.03(a)(iii) of the Agreement is hereby amended by deleting the phrase “Alpine Purchaser
Group” where it appears therein and replacing it with the phrase “CS Purchaser Group”. 
 2. Representations and
Warranties. The Seller hereby represents and warrants to each of the Purchaser Parties that, after giving effect to this Amendment, no potential Early Redemption Event or Early Redemption Event has occurred and is now continuing, and NFC hereby
represents and warrants to each of the Purchaser Parties that, after giving effect to this Amendment, no potential Early Redemption Event, Early Redemption Event or Servicer Termination Event has occurred and is now continuing. 

3. Effect of Amendment. All provisions of the Agreement, as amended by this Amendment, remain in full force and effect. After this
Amendment becomes effective, all references in the Agreement to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement in the Agreement or in any other document relating to the
Seller’s securitization program shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Agreement other than as
set forth herein. 
 4. Conditions Precedent. The effectiveness of this Amendment is subject to (i) receipt (whether by e-mail,
facsimile or otherwise) by the Administrative Agent of counterparts of this Amendment executed by each of the other parties hereto, (ii) receipt by the Administrative Agent of a certificate of the Seller and of the Servicer, each dated the date
hereof, 

  
 3 

 as to due execution, incumbency, good standing and other customary corporate matters, (iii) satisfaction of
each of the conditions precedent described in Section 2.04 of the Agreement and (iv) receipt by each Managing Agent and the Administrative Agent of all fees payable by the Seller and the Servicer on the date hereof in connection
with this Amendment. 
 5. Counterparts. This Amendment may be executed in any number of counterparts and by different parties on
separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

6. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York
without regard to any otherwise applicable principles of conflicts of law. 
 7. Section Headings. The various headings of this
Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Agreement or any provision hereof or thereof. 

[signatures commence on the following page] 

  
 4 

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

			
	NAVISTAR FINANCIAL SECURITIES CORPORATION,
	as the Seller
		
	By:	 	/s/ Mary Ellen Kummer
	Name:	 	Mary Ellen Kummer
	Title:	 	Vice President & Assistant Treasurer
	
	 NAVISTAR FINANCIAL CORPORATION,
 as
the Servicer

		
	By:	 	/s/ Mary Ellen Kummer
	Name:	 	Mary Ellen Kummer
	Title:	 	Vice President & Assistant Treasurer

 [signatures continue on the following page] 

  

					
		  	S-1	  	 Navistar Series 2012-VFN

Amendment No. 2 to Note Purchase Agreement

			
	BANK OF AMERICA, NATIONAL ASSOCIATION,
	as the Administrative Agent
		
	By:	 	/s/ Margaux L. Karagosian
	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President
	
	 BANK OF AMERICA, NATIONAL ASSOCIATION,

as the Managing Agent for the Bank of America Purchaser Group

		
	By:	 	/s/ Margaux L. Karagosian
	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President
	
	 BANK OF AMERICA, NATIONAL ASSOCIATION,

as the Committed Purchaser for the Bank of America Purchaser Group

		
	By:	 	/s/ Margaux L. Karagosian
	Name:	 	Margaux L. Karagosian
	Title:	 	Vice President

 [signatures continue on the following page] 

  

					
		  	S-2	  	 Navistar Series 2012-VFN

Amendment No. 2 to Note Purchase Agreement

			
	THE BANK OF NOVA SCOTIA,
	as the Managing Agent for the Liberty Street Purchaser Group
		
	By:	 	/s/ Paula J. Czach
	Name:	 	Paula J. Czach
	Title:	 	Managing Director
	
	 THE BANK OF NOVA SCOTIA,
 as the
Committed Purchaser for the Liberty Street Purchaser Group

		
	By:	 	/s/ Paula J. Czach
	Name:	 	Paula J. Czach
	Title:	 	Managing Director
	
	 LIBERTY STREET FUNDING LLC,
 as a
Conduit Purchaser for the Liberty Street Purchaser Group

		
	By:	 	/s/ Jill A. Russo
	Name:	 	Jill A. Russo
	Title:	 	Vice President

 [signatures continue on the following page] 

  

					
		  	S-3	  	 Navistar Series 2012-VFN

Amendment No. 2 to Note Purchase Agreement

									
	 CREDIT SUISSE AG, NEW YORK BRANCH,

as the Managing Agent for the CS Purchaser Group
	 		 	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as the Committed Purchaser for the CS Purchaser Group

					
	By:	 	/s/ Jason Muncy	 		 	By:	 	/s/ Jason D. Muncy
	Name:	 	Jason Muncy	 		 	Name:	 	Jason D. Muncy
	Title:	 	Vice President	 		 	Title:	 	Authorized Signatory
					
	By:	 	/s/ Michelangelo Raimondi	 		 	By:	 	/s/ Michelangelo Raimondi
	Name:	 	Michelangelo Raimondi	 		 	Name:	 	Michelangelo Raimondi
	Title:	 	Vice President	 		 	Title:	 	Authorized Signatory
				
	ALPINE SECURITIZATION CORP.,	 		 		 	
	as a Conduit Purchaser for the CS Purchaser Group	 		 		 	
					
	By:	 	Credit Suisse AG, New York Branch,	 		 		 	
		 	as its administrative agent	 		 		 	
					
	By:	 	/s/ Jason Muncy	 		 		 	
	Name:	 	Jason Muncy	 		 		 	
	Title:	 	Vice President	 		 		 	
					
	By:	 	/s/ Michelangelo Raimondi	 		 		 	
	Name:	 	Michelangelo Raimondi	 		 		 	
	Title:	 	Vice President	 		 		 	

  

					
		  	S-4	  	 Navistar Series 2012-VFN

Amendment No. 2 to Note Purchase Agreement

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