Document:

Form of Underwriting Agreement

 Exhibit 10.1 
  
 PURCHASE AGREEMENT 
  
 between 
  
 [AFS SENSUB CORP.]/[AFS FUNDING TRUST] 
 Purchaser 
  
 and 
  
 AMERICREDIT FINANCIAL SERVICES, INC. 
 Seller 
  
 Dated as of
                    , 200     

 TABLE OF CONTENTS 
  
 Page 
  

					
	 ARTICLE I. DEFINITIONS
	  	1
			
	     SECTION 1.1
	  	General	  	1
	     SECTION 1.2
	  	Specific Terms	  	1
	     SECTION 1.3
	  	Usage of Terms	  	3
	     SECTION 1.4
	  	[Reserved]	  	3
	     SECTION 1.5
	  	No Recourse	  	3
	     SECTION 1.6
	  	Action by or Consent of Noteholders and Certificateholder	  	3
	     SECTION 1.7
	  	Material Adverse Effect	  	3
		
	 ARTICLE II. CONVEYANCE OF THE RECEIVABLES AND THE OTHER CONVEYED PROPERTY
	  	4
			
	     SECTION 2.1
	  	Conveyance of the [Initial] Receivables and the [Initial] Other Conveyed Property.	  	4
	     SECTION 2.2
	  	[Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property].	  	5
		
	 ARTICLE III. REPRESENTATIONS AND WARRANTIES
	  	5
			
	     SECTION 3.1
	  	Representations and Warranties of Seller	  	5
	     SECTION 3.2
	  	Representations and Warranties of Purchaser	  	7
		
	 ARTICLE IV. COVENANTS OF SELLER
	  	9
			
	     SECTION 4.1
	  	Protection of Title of Purchaser.	  	9
	     SECTION 4.2
	  	Other Liens or Interests	  	11
	     SECTION 4.3
	  	Costs and Expenses	  	11
	     SECTION 4.4
	  	Indemnification.	  	11
		
	 ARTICLE V. REPURCHASES
	  	13
			
	     SECTION 5.1
	  	Repurchase of Receivables Upon Breach of Warranty	  	13
	     SECTION 5.2
	  	Reassignment of Purchased Receivables	  	14
	     SECTION 5.3
	  	Waivers	  	14
		
	 ARTICLE VI. MISCELLANEOUS
	  	14
			
	     SECTION 6.1
	  	Liability of Seller	  	14
	     SECTION 6.2
	  	Merger or Consolidation of Seller or Purchaser	  	14
	     SECTION 6.3
	  	Limitation on Liability of Seller and Others	  	15
	     SECTION 6.4
	  	Seller May Own Notes or the Certificate	  	15
	     SECTION 6.5
	  	Amendment.	  	15
	     SECTION 6.6
	  	Notices	  	16
	     SECTION 6.7
	  	Merger and Integration	  	17
	     SECTION 6.8
	  	Severability of Provisions	  	17
	     SECTION 6.9
	  	Intention of the Parties.	  	17
	     SECTION 6.10
	  	Governing Law	  	17
	     SECTION 6.11
	  	Counterparts	  	17
	     SECTION 6.12
	  	Conveyance of the Receivables and the Other Conveyed Property to the Issuer	  	17

  

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	     SECTION 6.13
	  	Nonpetition Covenant	  	18
	     SECTION 6.14
	  	[Benefits of Purchase Agreement]	  	18

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

  

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 PURCHASE AGREEMENT 
  
 THIS PURCHASE AGREEMENT, dated as of
                        , 200    , executed among [AFS SenSub Corp., a Nevada corporation]/[AFS Funding
Trust, a Delaware statutory trust], as purchaser (“Purchaser”) and AmeriCredit Financial Services, Inc., a Delaware corporation, as Seller (“Seller”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, Purchaser has agreed to purchase from the Seller, and the Seller, pursuant to this Agreement, is transferring to Purchaser the [Initial]
Receivables and [Initial] Other Conveyed Property [and with respect to the Subsequent Receivables will transfer on the related Subsequent Transfer Date the Subsequent Receivables and Subsequent Other Conveyed Property]. 
  
 NOW, THEREFORE, in consideration of the premises and the mutual agreements
hereinafter contained, and for other good and valuable consideration, the receipt of which is acknowledged, Purchaser and the Seller, intending to be legally bound, hereby agree as follows: 
  
 ARTICLE I. 
  
 DEFINITIONS 
  
 SECTION 1.1 General. The specific terms defined in this Article
include the plural as well as the singular. The words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other
subdivision, and Article, Section, Schedule and Exhibit references, unless otherwise specified, refer to Articles and Sections of and Schedules and Exhibits to this Agreement. Capitalized terms used herein without definition shall have the
respective meanings assigned to such terms in the Sale and Servicing Agreement dated as of                         ,
200    , by and among [AFS SenSub Corp.]/[AFS Funding Trust] (as Seller), AmeriCredit Financial Services, Inc. (in its individual capacity and as Servicer), AmeriCredit Automobile Receivables Trust
200    -     (as Issuer), [Backup Servicer and Trust Collateral Agent], as Backup Servicer and Trust Collateral Agent. 
  

SECTION 1.2 Specific Terms. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have
the following meanings: 
  
 “Agreement” shall
mean this Purchase Agreement and all amendments hereof and supplements hereto. 
  
 “Closing Date” means                         , 200    .

  
 “[Initial] Other Conveyed Property” means all
property conveyed by the Seller to the Purchaser pursuant to Section 2.1(a)(1) through (8) of this Agreement and by the Purchaser to the Trust pursuant to Section 2.1(b) through (i) of the Sale and Servicing Agreement.

 “[Initial] Receivables” means the Receivables listed on the Schedule of [Initial]
Receivables attached hereto. 
  
 “Issuer” means
AmeriCredit Automobile Receivables Trust 200    -    . 
  
 “Owner Trustee” means [Owner Trustee], as Owner Trustee appointed and acting pursuant to the Trust Agreement. 
  

[“Receivables” means the Initial Receivables and the Subsequent Receivables.] 
  
 “Related Documents” means the Notes, the Certificate, the
Custodian Agreement, the Sale and Servicing Agreement, the Indenture, the Trust Agreement, [the Note Policy, the Spread Account Agreement, the Insurance Agreement,] the Lockbox Agreement, the Underwriting Agreement [and, with respect to the
Subsequent Receivables, each Subsequent Purchase Agreement and each Subsequent Transfer Agreement]. The Related Documents to be executed by any party are referred to herein as “such party’s Related Documents,” “its
Related Documents” or by a similar expression. 
  
 “Repurchase Event” means the occurrence of a breach of any of the Seller’s representations and warranties hereunder [or in any Subsequent Purchase Agreement] or any other event which requires the repurchase of a
Receivable by [AFS SenSub Corp.]/[AFS Funding Trust], in its capacity as seller, under the Sale and Servicing Agreement. 
  
 “Sale and Servicing Agreement” means the Sale and Servicing Agreement referred to in Section 1.1 hereof. 
  
 “Schedule of Representations” means the Schedule of
Representations and Warranties attached hereto as Schedule B. 
  
 “Schedule of [Initial] Receivables” means the schedule of [Initial] Receivables sold and transferred pursuant to this Agreement which is attached hereto as Schedule A. 
  
 [“Subsequent Cutoff Date” means the date specified in the
related Subsequent Transfer Agreement, provided, however that such date shall be on or before the Subsequent Transfer Date.] 
  
 [“Subsequent Other Conveyed Property” means all property conveyed by the Seller to the Purchaser pursuant to the related Subsequent
Purchase Agreement other than the Subsequent Receivables.] 
  
 [“Subsequent Purchase Agreement” means an agreement by and between the Seller and the Purchaser pursuant to which the Purchaser will acquire Subsequent Receivables, substantially in the form of Exhibit A hereunder.]

  
 [“Subsequent Receivables” means Receivables
transferred to the Purchaser pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Purchase Agreement.] 
  

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 [“Subsequent Transfer Agreement” means an agreement among the Issuer, the Seller and the
Servicer, substantially in the form of Exhibit A to the Sale and Servicing Agreement.] 
  
 [“Subsequent Transfer Date” means, with respect to Subsequent Receivables, any date, occurring not more frequently than once a month, during the Funding Period on which Subsequent Receivables are to
be transferred to the Purchaser pursuant to this Agreement, and a Subsequent Purchase Agreement is executed and delivered.] 
  
 “Trust Collateral Agent” means [Trust Collateral Agent], as trust collateral agent and any successor trust collateral agent appointed and
acting pursuant to the Sale and Servicing Agreement. 
  
 “Trustee” means [Trustee], as trustee and any successor trustee appointed and acting pursuant to the Indenture. 
  
 SECTION 1.3 Usage of Terms. With respect to all terms used in this Agreement, the singular includes the plural and the plural the singular; words
importing any gender include the other gender; references to “writing” include printing, typing, lithography, and other means of reproducing words in a visible form; references to agreements and other contractual instruments include all
subsequent amendments thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement or the Sale and Servicing Agreement; references to Persons include their permitted successors and assigns;
and the terms “include” or “including” mean “include without limitation” or “including without limitation.” 
  
 SECTION 1.4 [Reserved]. 
  
 SECTION 1.5 No Recourse. Without limiting the obligations of Seller hereunder, no recourse may be taken, directly or indirectly, under this
Agreement or any certificate or other writing delivered in connection herewith or therewith, against any stockholder, officer or director, as such, of Seller, or of any predecessor or successor of Seller. 
  
 SECTION 1.6 Action by or Consent of Noteholders and Certificateholder.
Whenever any provision of this Agreement refers to action to be taken, or consented to, by Noteholders or the Certificateholder, such provision shall be deemed to refer to the Certificateholder or Noteholder, as the case may be, of record as of the
Record Date immediately preceding the date on which such action is to be taken, or consent given, by Noteholders or the Certificateholder. Solely for the purposes of any action to be taken, or consented to, by Noteholders or the Certificateholder,
any Note or Certificate registered in the name of the Seller or any Affiliate thereof shall be deemed not to be outstanding; provided, however, that, solely for the purpose of determining whether the Trustee or the Trust Collateral Agent is entitled
to rely upon any such action or consent, only Notes or Certificates which the Owner Trustee, the Trustee or the Trust Collateral Agent, respectively, knows to be so owned shall be so disregarded. 
  
 SECTION 1.7 Material Adverse Effect. Whenever a determination is to be
made under this Agreement as to whether a given event, action, course of conduct or set of facts or 

  

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circumstances could or would have a material adverse effect on the Noteholders (or any similar or analogous determination), such determination shall be made
without taking into account the funds available from claims under the Note Policy. 
  
 ARTICLE II. 
  
 CONVEYANCE OF THE RECEIVABLES 
 AND THE OTHER CONVEYED PROPERTY 
  
 SECTION 2.1 Conveyance of the [Initial] Receivables and the [Initial]
Other Conveyed Property. 
  
 (a) Subject to
the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, and otherwise conveys to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title
and interest of Seller in and to the following described property: 
  
 (1) the [Initial] Receivables and all moneys received thereon after the [Initial] Cutoff Date; 
  
 (2) the security interests in the Financed Vehicles granted by Obligors pursuant to the [Initial] Receivables and any other interest of
the Seller in such Financed Vehicles; 
  
 (3) any
proceeds and the right to receive proceeds with respect to the [Initial] Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the
[Initial] Receivables; 
  
 (4) any proceeds from
any [Initial] Receivable repurchased by a Dealer pursuant to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or
Auto Loan Purchase and Sale Agreement; 
  
 (5)
all rights under any Service Contracts on the related Financed Vehicles; 
  
 (6) the related Receivable Files; 
  
 (7) all of the Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and (v) General Intangibles (as such terms are defined in the UCC) relating to the property
described in (1) through (6); and 
  
 (8)
all proceeds and investments with respect to items (1) through (7). 
  
 It is the intention of Seller and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the [Initial] Receivables and the [Initial] Other Conveyed Property from Seller to
Purchaser, conveying good title thereto free and 
  

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 clear of any Liens, and the beneficial interest in and title to the [Initial] Receivables and the
[Initial] Other Conveyed Property shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law. 
  
 (b) Simultaneously with the conveyance of the [Initial] Receivables and the [Initial] Other Conveyed
Property to Purchaser, Purchaser has paid or caused to be paid to or upon the order of Seller an amount equal to the book value of the [Initial] Receivables sold by Seller, as set forth on the books and records of Seller, by wire transfer of
immediately available funds and the remainder as a contribution to the capital of the Purchaser (a wholly-owned subsidiary of Seller). 
  
 SECTION 2.2 [Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property]. 
  
 (a) [On each Subsequent Transfer Date and simultaneously
with the execution and delivery of the related Subsequent Purchase Agreement, the Seller shall sell, transfer, assign, and otherwise convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser
shall purchase, all right, title and interest of Seller in and to the Subsequent Receivables and the Subsequent Other Conveyed Property. It is the intention of Seller and Purchaser that the transfer and assignment contemplated by such Subsequent
Purchase Agreement shall constitute a sale of the Subsequent Receivables and the Subsequent Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the
Subsequent Receivables and the Subsequent Other Conveyed Property shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law.] 
  
 (b) [Simultaneously with the conveyance of the Subsequent
Receivables and the Subsequent Other Conveyed Property to Purchaser, Purchaser shall pay or cause to be paid to or upon the order of Seller the amount set forth in the related Subsequent Purchase Agreement.] 
  
 ARTICLE III. 
  
 REPRESENTATIONS AND WARRANTIES 
  
 SECTION 3.1 Representations and Warranties of Seller. Seller makes the
following representations and warranties as of the date hereof and as of the [Closing]/[Subsequent Transfer] Date[, as the case may be,] on which Purchaser relies in purchasing the Receivables and the Other Conveyed Property and in transferring the
Receivables and the Other Conveyed Property to the Issuer under the Sale and Servicing Agreement [and any Subsequent Transfer Agreement] and [on which the Insurer will rely in issuing the Note Policy.] Such representations are made as of the
execution and delivery of this Agreement [and as of the execution and delivery of any Subsequent Purchase Agreement], but shall survive the sale, transfer and assignment of the Receivables and the Other Conveyed Property hereunder [and under any
Subsequent Purchase Agreement], and the sale, transfer and assignment thereof by Purchaser to the Issuer under the Sale and Servicing Agreement [and any Subsequent Transfer 

  

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Agreement]. Seller and Purchaser agree that Purchaser will assign to Issuer all Purchaser’s rights under this Agreement [and under any Subsequent
Purchase Agreement] and that the Trustee will thereafter be entitled to enforce this Agreement [and any Subsequent Purchase Agreement] against Seller in the Trustee’s own name on behalf of the Noteholders. 
  
 (a) Schedule of Representations. The representations
and warranties set forth on the Schedule of Representations with respect to the [Initial] Receivables as of the date hereof, and [the Closing]/[with respect to the Subsequent Receivables as of the related Subsequent Transfer] Date, are true and
correct. 
  
 (b) Organization and Good
Standing. Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are
currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

  
 (c) Due Qualification. Seller is duly
qualified to do business as a foreign corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such
qualification. 
  
 (d) Power and
Authority. Seller has the power and authority to execute and deliver this Agreement and its Related Documents and to carry out its terms and their terms, respectively; Seller has full power and authority to sell and assign the Receivables and
the Other Conveyed Property to be sold and assigned to and deposited with Purchaser hereunder and has duly authorized such sale and assignment to Purchaser by all necessary corporate action; and the execution, delivery and performance of this
Agreement and Seller’s Related Documents have been duly authorized by Seller by all necessary corporate action. 
  
 (e) Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered,
shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents
constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of
creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law. 
  
 (f) No Violation. The consummation of the
transactions contemplated by this Agreement and the Related Documents, and the fulfillment of the terms of this Agreement and the Related Documents, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute
(with or without notice, lapse of time or both) a default under, the articles of incorporation or by-laws of Seller, or any indenture, 

  

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agreement, mortgage, deed of trust or other instrument to which Seller is a party or by which it is bound, or result in the creation or imposition of any
Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, [the Spread Account Agreement,] the Sale and Servicing Agreement and the Indenture, or
violate any law, order, rule or regulation applicable to Seller of any court or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over Seller or any of its properties.

  
 (g) No Proceedings. There are no
proceedings or investigations pending or, to Seller’s knowledge, threatened against Seller, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over Seller or its
properties (i) asserting the invalidity of this Agreement or any of the Related Documents, (ii) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the
Related Documents, (iii) seeking any determination or ruling that might materially and adversely affect the performance by Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or
(iv) seeking to affect adversely the federal income tax or other federal, state or local tax attributes of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the Receivables and the Other
Conveyed Property hereunder or under the Sale and Servicing Agreement. 
  
 (h) True Sale. The Receivables are being transferred with the intention of removing them from Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to
time. 
  
 (i) Chief Executive Office. The
chief executive office of Seller is located at 801 Cherry Street, Suite 3900, Fort Worth, Texas 76102. 
  
 SECTION 3.2 Representations and Warranties of Purchaser. Purchaser makes the following representations and warranties, on which Seller relies in
selling, assigning, transferring and conveying the Receivables and the Other Conveyed Property to Purchaser hereunder. Such representations are made as of the execution and delivery of this Agreement, but shall survive the sale, transfer and
assignment of the Receivables and the Other Conveyed Property hereunder and the sale, transfer and assignment thereof by Purchaser to the Issuer under the Sale and Servicing Agreement. 
  
 (a) Organization and Good Standing. Purchaser has been duly organized and is validly existing and in
good standing as a [corporation]/[statutory trust] under the laws of the State of [Nevada]/[Delaware], with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is
currently conducted, and had at all relevant times, and has, full power, authority and legal right to acquire and own the Receivables and the Other Conveyed Property, and to transfer the Receivables and the Other Conveyed Property to the Issuer
pursuant to the Sale and Servicing Agreement. 
  

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 (b) Due Qualification. Purchaser is duly qualified to do business [as a foreign
corporation]/[, is] in good standing, and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect Purchaser’s ability to acquire the Receivables or the Other
Conveyed Property, and to transfer the Receivables and the Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement, or the validity or enforceability of the Receivables and the Other Conveyed Property or to perform
Purchaser’s obligations hereunder and under the Purchaser’s Related Documents. 
  
 (c) Power and Authority. Purchaser has the power, authority and legal right to execute and deliver this Agreement and to carry out
the terms hereof and to acquire the Receivables and the Other Conveyed Property hereunder; and the execution, delivery and performance of this Agreement and all of the documents required pursuant hereto have been duly authorized by Purchaser by all
necessary [corporate] action. 
  
 (d) No
Consent Required. Purchaser is not required to obtain the consent of any other Person, or any consent, license, approval or authorization or registration or declaration with, any governmental authority, bureau or agency in connection with the
execution, delivery or performance of this Agreement and the Related Documents, except for such as have been obtained, effected or made. 
  
 (e) Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against
Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles. 
  
 (f) No Violation. The execution, delivery and
performance by Purchaser of this Agreement, the consummation of the transactions contemplated by this Agreement and the Related Documents and the fulfillment of the terms of this Agreement and the Related Documents do not and will not conflict with,
result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a default under, the [certificate of incorporation or by-laws]/[trust agreement] of Purchaser, or conflict with or breach any of the
terms or provisions of, or constitute (with or without notice or lapse of time) a default under, any indenture, agreement, mortgage, deed of trust or other instrument to which Purchaser is a party or by which Purchaser is bound or to which any of
its properties are subject, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument (other than the Sale and Servicing
Agreement and [the Spread Account Agreement]), or violate any law, order, rule or regulation, applicable to Purchaser or its properties, of any federal or state regulatory body, any court, administrative agency, or other governmental instrumentality
having jurisdiction over Purchaser or any of its properties. 
  
 (g) No Proceedings. There are no proceedings or investigations pending, or, to the knowledge of Purchaser, threatened against Purchaser, before any court, regulatory body, administrative agency, or other
tribunal or governmental instrumentality having 

  

 8 

 
jurisdiction over Purchaser or its properties: (i) asserting the invalidity of this Agreement or any of the Related Documents, (ii) seeking to
prevent the consummation of any of the transactions contemplated by this Agreement or any of the Related Documents, (iii) seeking any determination or ruling that might materially and adversely affect the performance by Purchaser of its
obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents or (iv) that may adversely affect the federal or state income tax attributes of, or seeking to impose any excise, franchise, transfer or
similar tax upon, the transfer and acquisition of the Receivables and the Other Conveyed Property hereunder or the transfer of the Receivables and the Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement. 
  
 In the event of any breach of a representation and warranty made by Purchaser
hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes, Certificates, pass-through
certificates or other similar securities issued by Purchaser, or a trust or similar vehicle formed by Purchaser, have been paid in full. Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that this covenant
may be specifically enforced by Purchaser, Issuer or by the Trustee on behalf of the Noteholders and Owner Trustee on behalf of the Certificateholder. 
  
 ARTICLE IV. 
  
 COVENANTS OF SELLER 
  
 SECTION 4.1 Protection of Title of Purchaser. 
  
 (a) At or prior to the Closing Date, Seller shall have filed or caused to be filed a UCC-1 financing statement, naming Seller as seller or
debtor, naming Purchaser as purchaser or secured party and describing the [Initial] Receivables and the [Initial] Other Conveyed Property being sold by it to Purchaser as collateral, with the office of the Secretary of State of the State of Delaware
and in such other locations as Purchaser shall have required. [At or prior to any Subsequent Transfer Date, Seller shall file or cause to be filed a UCC-1 financing statement naming Seller as seller or debtor, naming the Purchaser as purchaser or
secured party and describing the Subsequent Receivables and the Subsequent Other Conveyed Property being sold by it to the Purchaser as collateral, with the office of the Secretary of State of the State of Delaware and in such other locations as
Purchaser shall require.] From time to time thereafter, Seller shall execute and file such financing statements and cause to be executed and filed such continuation statements, all in such manner and in such places as may be required by law fully to
preserve, maintain and protect the interest of Purchaser under this Agreement, of the Issuer under the Sale and Servicing Agreement and of the Trust Collateral Agent under the Indenture in the Receivables and the Other Conveyed Property and in the
proceeds thereof. Seller shall deliver (or cause to be delivered) to Purchaser, the Trust Collateral Agent [and the Insurer] file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such
filing. In the event that Seller fails to perform its obligations under this subsection, Purchaser, Issuer or the Trust Collateral Agent may do so, at the expense of such Seller. In furtherance of the 

  

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foregoing, the Seller hereby authorizes the Purchaser, the Issuer or the Trust Collateral Agent to file a record or records (as defined in the applicable
UCC), including, without limitation, financing statements, in all jurisdictions and with all filing offices as each may determine, in its sole discretion, are necessary or advisable to perfect the security interest granted to the Purchaser pursuant
to Section 6.9 of this Agreement. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as such
party may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Purchaser herein. 
  
 (b) Seller shall not change its name, identity, state of incorporation or corporate structure in any manner
that would, could or might make any financing statement or continuation statement filed by Seller (or by Purchaser, Issuer or the Trust Collateral Agent on behalf of Seller) in accordance with paragraph (a) above seriously misleading within the
meaning of §9-506 of the applicable UCC, unless they shall have given Purchaser, Issuer, [the Insurer] and the Trust Collateral Agent at least 60 days’ prior written notice thereof, and shall promptly file appropriate amendments to all
previously filed financing statements and continuation statements. 
  
 (c) Seller shall give Purchaser, the Issuer, [the Insurer (so long as an Insurer Default shall not have occurred and be continuing)] and the Trust Collateral Agent at least 60 days’ prior written notice of any
relocation that would result in a change of location of the debtor within the meaning of Section 9-307 of the applicable UCC. Seller shall at all times maintain (i) each office from which it services Receivables within the United States of
America or Canada and (ii) its principal executive office within the United States of America. 
  
 (d) Prior to the Closing Date [and with respect to Subsequent Receivables, the Subsequent Transfer Date], Seller has maintained accounts
and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time as of or prior to the Closing Date [and with respect to Subsequent Receivables, the Subsequent Transfer Date], the status
of such Receivable, including payments and recoveries made and payments owing (and the nature of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the Principal Balance as of the Closing
Date [and with respect to Subsequent Receivables, the Subsequent Transfer Date]. Seller shall maintain its computer systems so that, from and after the time of sale under this Agreement of the Receivables to Purchaser, and the conveyance of the
Receivables by Purchaser to the Issuer, Seller’s master computer records (including archives) that shall refer to a Receivable indicate clearly that such Receivable has been sold to Purchaser and has been conveyed by Purchaser to the Issuer.
Indication of the Issuer’s ownership of a Receivable shall be deleted from or modified on Seller’s computer systems when, and only when, the Receivable shall become a Purchased Receivable or a Sold Receivable or shall have been paid in
full or pursuant to the terms of the Sale and Servicing Agreement. 
  

 10 

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

  

 11 

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

 
 (g) Seller shall indemnify, defend and hold harmless
Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Noteholders and the Certificateholder from and against any loss, liability or expense incurred by reason of the violation by Seller of
federal or state securities laws in connection with the registration or the sale of the Notes. 
  
 (h) Seller shall indemnify, defend and hold harmless Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer,
the Owner Trustee, the Noteholders and the Certificateholder from and against any loss, liability or expense 

  

 12 

 
imposed upon, or incurred by, Purchaser, the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, the Noteholders or the
Certificateholder as result of the failure of any Receivable, or the sale of the related Financed Vehicle, to comply with all requirements of applicable law. 
  

(i) Seller shall defend, indemnify, and hold harmless Purchaser from and against all costs, expenses, losses, claims, damages, and
liabilities arising out of or incurred in connection with the acceptance or performance of Seller’s trusts and duties as Servicer under the Sale and Servicing Agreement, except to the extent that such cost, expense, loss, claim, damage, or
liability shall be due to the willful misfeasance, bad faith, or negligence (except for errors in judgment) of Purchaser. 
  
 (j) Seller shall indemnify the Owner Trustee and its officers, directors, successors, assigns, agents and servants jointly and severally
with the Purchaser pursuant to Section 7.2 of the Trust Agreement. 
  
 Indemnification under this Section 4.4 shall include reasonable fees and expenses of counsel and expenses of litigation and shall survive payment of the Notes and the Certificate. The indemnity obligations hereunder shall be in
addition to any obligation that Seller may otherwise have. 
  
 ARTICLE V. 
  
 REPURCHASES 
  
 SECTION 5.1 Repurchase of Receivables Upon Breach of Warranty. Upon
the occurrence of a Repurchase Event, Seller shall, unless the breach which is the subject of such Repurchase Event shall have been cured in all material respects, repurchase the Receivable relating thereto from the Issuer and, simultaneously with
the repurchase of the Receivable, Seller shall deposit the Purchase Amount in full, without deduction or offset, to the Collection Account, pursuant to Section 3.2 of the Sale and Servicing Agreement. It is understood and agreed that, except as
set forth in Section 6.1 hereof, the obligation of Seller to repurchase any Receivable, as to which a breach occurred and is continuing, shall, if such obligation is fulfilled, constitute the sole remedy against Seller for such breach available
to Purchaser, the Issuer, [the Insurer], the Backup Servicer, the Noteholders, the Certificateholder, the Trust Collateral Agent on behalf of the Noteholders or the Owner Trustee on behalf of the Certificateholder. The provisions of this
Section 5.1 are intended to grant the Issuer, [the Insurer] and the Trust Collateral Agent a direct right against Seller to demand performance hereunder, and in connection therewith, Seller waives any requirement of prior demand against
Purchaser with respect to such repurchase obligation. Any such repurchase shall take place in the manner specified in Section 3.2 of the Sale and Servicing Agreement. Notwithstanding any other provision of this Agreement or the Sale and
Servicing Agreement to the contrary, the obligation of Seller under this Section shall not terminate upon a termination of Seller as Servicer under the Sale and Servicing Agreement and shall be performed in accordance with the terms hereof
notwithstanding the failure of the Servicer or Purchaser to perform any of their respective obligations with respect to such Receivable under the Sale and Servicing Agreement. 
  

 13 

 In addition to the foregoing and notwithstanding whether the related Receivable shall have been purchased
by Seller, Seller shall indemnify the Issuer, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Owner Trustee, [the Insurer,] the Noteholders and the Certificateholder from and against all costs, expenses, losses, damages, claims and
liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third party claims arising out of the events or facts giving rise to such Repurchase Events. 
  
 SECTION 5.2 Reassignment of Purchased Receivables. Upon deposit in the
Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of
Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse,
representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a
Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and
the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name. 
  
 SECTION 5.3 Waivers. No failure or delay on the part of Purchaser, or
the Issuer as assignee of Purchaser, or the Trust Collateral Agent as assignee of the Issuer, in exercising any power, right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such
power, right or remedy preclude any other or future exercise thereof or the exercise of any other power, right or remedy. 
  
 ARTICLE VI. 
 MISCELLANEOUS

  
 SECTION 6.1 Liability of Seller. Seller shall be
liable in accordance herewith only to the extent of the obligations in this Agreement specifically undertaken by Seller and the representations and warranties of Seller. 
  
 SECTION 6.2 Merger or Consolidation of Seller or Purchaser. Any corporation or other entity (i) into which
Seller or Purchaser may be merged or consolidated, (ii) resulting from any merger or consolidation to which Seller or Purchaser is a party or (iii) succeeding to the business of Seller or Purchaser, in the case of Purchaser, which
corporation has a certificate of incorporation containing provisions relating to limitations on business and other matters substantively identical to those contained in Purchaser’s [certificate of incorporation]/[trust agreement], provided that
in any of the foregoing cases such corporation shall execute an agreement of assumption to perform every obligation of Seller or Purchaser, as the case may be, under this Agreement and, whether or not such assumption agreement is executed, shall be
the successor to Seller or Purchaser, as the case may be, hereunder (without relieving Seller or Purchaser of their responsibilities hereunder, if it survives such merger or consolidation) without the execution or filing of any document or any
further action by any of the parties to this 

  

 14 

 
Agreement. [Notwithstanding the foregoing, so long as an Insurer Default shall not have occurred and be continuing, Purchaser shall not merge or consolidate
with any other Person or permit any other Person to become the successor to Purchaser’s business without the prior written consent of the Insurer.] Seller or Purchaser shall promptly inform the other party, the Issuer, the Trust Collateral
Agent, the Owner Trustee and, [so long as an Insurer Default shall not have occurred and be continuing, the Insurer of such merger, consolidation or purchase and assumption. Notwithstanding the foregoing,] as a condition to the consummation of the
transactions referred to in clauses (i), (ii) and (iii) above, (x) immediately after giving effect to such transaction, no representation or warranty made pursuant to Sections 3.1 and 3.2 of this Agreement shall have been breached
(for purposes hereof, such representations and warranties shall speak as of the date of the consummation of such transaction) [and no event that, after notice or lapse of time, or both, would become an event of default under the Insurance
Agreement,] shall have occurred and be continuing, (y) Seller or Purchaser, as applicable, shall have delivered written notice of such consolidation, merger or purchase and assumption to the Rating Agencies prior to the consummation of such
transaction and shall have delivered to the Issuer, [the Insurer] and the Trust Collateral Agent an Officer’s Certificate of the Seller or a certificate signed by or on behalf of the Purchaser, as applicable, and an Opinion of Counsel each
stating that such consolidation, merger or succession and such agreement of assumption comply with this Section 6.2 and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with,
and (z) Seller or Purchaser, as applicable, shall have delivered to the Issuer, [the Insurer] and the Trust Collateral Agent an Opinion of Counsel, stating, in the opinion of such counsel, either (A) all financing statements and
continuation statements and amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Issuer and the Trust Collateral Agent in the Receivables and reciting the details of the filings or
(B) no such action shall be necessary to preserve and protect such interest. 
  
 SECTION 6.3 Limitation on Liability of Seller and Others. Seller and any director, officer, employee or agent thereof may rely in good faith on the advice of counsel or on any document of any kind prima facie
properly executed and submitted by any Person respecting any matters arising under this Agreement. Seller shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this
Agreement or its Related Documents and that in its opinion may involve it in any expense or liability. 
  
 SECTION 6.4 Seller May Own Notes or the Certificate. Subject to the provisions of the Sale and Servicing Agreement, Seller and any Affiliate of
Seller may in their individual or any other capacity become the owner or pledgee of Notes or the Certificate with the same rights as they would have if they were not Seller or an Affiliate thereof. 
  
 SECTION 6.5 Amendment. 
  
 (a) This Agreement may be amended by Seller and Purchaser
[with the prior written consent of the Insurer (so long as an Insurer Default shall not have occurred and be continuing) but] without the consent of the Trust Collateral Agent, the Owner Trustee, the Certificateholder or any of the Noteholders
(i) to cure any ambiguity or (ii) to correct any provisions in this Agreement; provided, however, that such action shall not, as evidenced by an Opinion of Counsel delivered to the Issuer, the Owner Trustee, [the 

  

 15 

 
Insurer] and the Trust Collateral Agent, adversely affect in any material respect the interests of any Certificateholder or Noteholder [or, if an Insurer
Default shall have occurred and be continuing, the Insurer.] 
  
 (b) This Agreement may also be amended from time to time by Seller and Purchaser, [with the prior written consent of the Insurer (so long as an Insurer Default shall not have occurred and be continuing)] and with the
consent of the Trust Collateral Agent and, if required, the Certificateholder and the Noteholders, in accordance with the Sale and Servicing Agreement, for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of this Agreement, or of modifying in any manner the rights of the Certificateholder or Noteholders; provided, however, the Seller provides the Trust Collateral Agent with an Opinion of Counsel, (which may be provided by the
Seller’s internal counsel) that no such amendment shall increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Receivables or distributions that shall be required to be made on any Note
or Certificate; [provided further that if an Insurer Default has occurred and is continuing, such amendment shall not materially adversely affect the interests of the Insurer.] 
  
 (c) Prior to the execution of any such amendment or consent, Seller shall have furnished written
notification of the substance of such amendment or consent to each Rating Agency. 
  
 (d) It shall not be necessary for the consent of Certificateholder or Noteholders pursuant to this Section to approve the particular form
of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholder or
Noteholders shall be subject to such reasonable requirements as the Trust Collateral Agent may prescribe, including the establishment of record dates. The consent of a Holder of a Certificate or a Note given pursuant to this Section or pursuant to
any other provision of this Agreement shall be conclusive and binding on such Holder and on all future Holders of such Certificate or Note and of any Certificate or Note issued upon the transfer thereof or in exchange thereof or in lieu thereof
whether or not notation of such consent is made upon the Certificate or Note. 
  
 SECTION 6.6 Notices. All demands, notices and communications to Seller or Purchaser hereunder shall be in writing, personally delivered, or sent by telecopier (subsequently confirmed in writing), reputable
overnight courier or mailed by certified mail, return receipt requested, and shall be deemed to have been given upon receipt (a) in the case of Seller, to AmeriCredit Financial Services, Inc., 801 Cherry Street, Suite 3900, Fort Worth, Texas
76102, Attention: Chief Financial Officer, or (b) in the case of Purchaser, to [AFS SenSub Corp., 2265 B Renaissance Drive, Suite 17, Las Vegas, Nevada 89119., Attention: Chief Financial Officer]/[AFS Funding Trust, c/o Deutsche Bank Trust
Company Delaware, as Owner Trustee, E.A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road, Suite 200, Wilmington Delaware, 19805-1266, Attention: Corporate Trust, with a copy to AFS Funding Trust, c/o AmeriCredit Financial
Services, Inc., as Administrator, 801 Cherry Street, Suite 3900, Fort Worth, Texas 76102, Attention: Chief Financial Officer], or such other address as shall be 

  

 16 

 
designated by a party in a written notice delivered to the other party or to the Issuer, Owner Trustee, the Insurer or the Trust Collateral Agent, as
applicable. 
  
 SECTION 6.7 Merger and Integration. Except
as specifically stated otherwise herein, this Agreement and Related Documents set forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement
and the Related Documents. This Agreement may not be modified, amended, waived or supplemented except as provided herein. 
  
 SECTION 6.8 Severability of Provisions. If any one or more of the covenants, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then such covenants, provisions or terms shall be deemed severable from the remaining covenants, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this
Agreement. 
  
 SECTION 6.9 Intention of the Parties.

  
 The execution and delivery of this Agreement shall constitute
an acknowledgment by Seller and Purchaser that they intend that the assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Receivables and the Other Conveyed Property, conveying good title
thereto free and clear of any Liens, from Seller to Purchaser, and that the Receivables and the Other Conveyed Property shall not be a part of Seller’s estate in the event of the bankruptcy, reorganization, arrangement, insolvency or
liquidation proceeding, or other proceeding under any federal or state bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to Seller. In the event that such conveyance is determined to be made as security for a
loan made by Purchaser, the Issuer, the Noteholders or the Certificateholder to Seller, the Seller hereby grants to Purchaser a security interest in all of Seller’s right, title and interest in and to the Receivables, the Other Conveyed
Property and all other property conveyed to the Purchaser by the Seller pursuant to Sections 2.1 [and 2.2] hereof, in each case, whether now owned or existing or hereafter acquired or arising, and this Agreement shall constitute a security agreement
under applicable law. 
  
 SECTION 6.10 Governing Law. This
Agreement shall be construed in accordance with, and this Agreement and all matters arising out of or relating in any way to this Agreement shall be governed by, the law of the State of New York, without giving effect to its conflict of law
provisions (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law). 
  
 SECTION 6.11 Counterparts. For the purpose of facilitating the execution of this Agreement and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts shall constitute but one and the same instrument. 
  
 SECTION 6.12 Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to
the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the date hereof [and on the Subsequent Transfer 

  

 17 

 
Date in the case of Subsequent Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and
covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase Agreement] and the rights of Purchaser hereunder are intended to benefit [the Insurer,] the Issuer, the Owner Trustee,
the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of [the
Insurer,] the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee,
the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that
the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of [the Insurer,] the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. 

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

 18 

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

									
	 	 	 	 	 [AFS SENSUB CORP.]/[AFS FUNDING TRUST], as
       Purchaser

					
	 	 	 	 	 	 	[By:	 	AMERICREDIT FINANCIAL SERVICES, INC., as Administrator]
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 Name:
 Title:

			
	 	 	 	 	AMERICREDIT FINANCIAL SERVICES, INC., as Seller
	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 Name:
 Title:

  

									
	Accepted:	 	 	 	 
			
	 [TRUSTEE AND TRUST COLLATERAL AGENT],
 as Trustee and Trust Collateral Agent
	 	 	 	 
					
	By:	 	 	 	 	 	 	 	 
	 	 	 Name:
 Title:
	 	 	 	 	 	 

  
 [Purchase Agreement]

 SCHEDULE A 
  

SCHEDULE OF RECEIVABLES 
  
 [On file with AmeriCredit, the Trustee and Dewey Ballantine LLP] 

 SCHEDULE B 
  

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

 4. Origination. Each Receivable was originated in the United States. 
  
 5. Binding Obligation. Each Receivable represents the genuine, legal,
valid and binding payment obligation of the Obligor thereon, enforceable by the holder thereof in accordance with its terms, except (A) as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the
enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law and (B) as such Receivable may be
modified by the application after the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of the Servicemembers Civil Relief Act, as amended; and all parties to each Receivable had full legal capacity to execute and deliver such
Receivable and all other documents related thereto and to grant the security interest purported to be granted thereby. 
  
 6. No Government Obligor. No Obligor is the United States of America or any State or any agency, department, subdivision or instrumentality
thereof. 
  
 7. Obligor Bankruptcy. At the [Initial] Cutoff
Date [or the Subsequent Cutoff Date, as applicable,] no Obligor had been identified on the records of AmeriCredit as being the subject of a current bankruptcy proceeding. 
  
 8. Schedule[s] of Receivables. The information set forth in the Schedule[s] of Receivables has been produced from the
Electronic Ledger and was true and correct in all material respects as of the close of business on the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable]. 
  
 9. Marking Records. By the Closing Date [or Subsequent Transfer Date, as applicable,] AmeriCredit will have caused
the portions of the Electronic Ledger relating to the Receivables to be clearly and unambiguously marked to show that the Receivables have been sold to [AFS SenSub Corp.]/[AFS Funding Trust] by AmeriCredit and resold by [AFS SenSub Corp.]/[AFS
Funding Trust] to the Trust in accordance with the terms of the Sale and Servicing Agreement. 
  
 10. Computer Tape. The Computer Tape made available by AmeriCredit to [AFS SenSub Corp.]/[AFS Funding Trust] and to the Trust on the Closing Date was complete and accurate as of the [Initial] Cutoff Date [or
the Subsequent Cutoff Date, as applicable,] and includes a description of the same Receivables that are described in the Schedule of Receivables. 
  
 11. Adverse Selection. No selection procedures adverse to the Noteholders or the Insurer were utilized in selecting the Receivables from those
receivables owned by AmeriCredit which met the selection criteria contained in the Sale and Servicing Agreement. 
  
 12. Chattel Paper. The Receivables constitute “chattel paper” within the meaning of the UCC as in effect in the States of Texas, New
York, Nevada and Delaware. 
  
 13. One Original. There is
only one original executed copy of each Receivable. 
  
 14.
Receivable Files Complete. There exists a Receivable File pertaining to each Receivable and such Receivable File contains a fully executed original of the Receivable and the 

  

 B-2 

 
original Lien Certificate or a copy of the application therefor. Each of such documents which is required to be signed by the Obligor has been signed by the
Obligor in the appropriate spaces. All blanks on any form have been properly filled in and each form has otherwise been correctly prepared. The complete Receivable File for each Receivable currently is in the possession of the Custodian. 

 
 15. Receivables in Force. No Receivable has been satisfied,
subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part. No terms of any Receivable have been waived, altered or modified in any respect
since its origination, except by instruments or documents identified in the Receivable File or the Servicer’s electronic records. 
  
 16. Lawful Assignment. No Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which would make unlawful, void
or voidable the sale, transfer and assignment of such Receivable under this Agreement or pursuant to transfers of the Notes. 
  
 17. Good Title. Immediately prior to the conveyance of the Receivables to [AFS SenSub Corp.]/[AFS Funding Trust] pursuant to this Agreement [or
Subsequent Purchase Agreement, as applicable,] AmeriCredit was the sole owner thereof and had good and indefeasible title thereto, free of any Lien and, upon execution and delivery of this Agreement by AmeriCredit, [AFS SenSub Corp.]/[AFS Funding
Trust] shall have good and indefeasible title to and will be the sole owner of such Receivables, free of any Lien. No Dealer or Third-Party Lender has a participation in, or other right to receive, proceeds of any Receivable. AmeriCredit has not
taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments
or Third-Party Lender Assignments or to payments due under such Receivables. 
  
 18. Security Interest in Financed Vehicle. Each Receivable created or shall create a valid, binding and enforceable first priority security interest in favor of AmeriCredit (or a Titled Third-Party Lender which
first priority security interest has been assigned to AmeriCredit) in the Financed Vehicle. The Lien Certificate for each Financed Vehicle shows, or if a new or replacement Lien Certificate is being applied for with respect to such Financed Vehicle
the Lien Certificate will be received within 180 days of the Closing Date [or Subsequent Transfer Date, as applicable,] and will show, AmeriCredit (or a Titled Third-Party Lender) named as the original secured party under each Receivable as the
holder of a first priority security interest in such Financed Vehicle. With respect to each Receivable for which the Lien Certificate has not yet been returned from the Registrar of Titles, AmeriCredit has applied for or received written evidence
from the related Dealer or Third-Party Lender that such Lien Certificate showing AmeriCredit, the Issuer or a Titled Third-Party Lender, as applicable, as first lienholder has been applied for and any Titled Third-Party Lender’s security
interest has been validly assigned by the Titled Third-Party Lender to AmeriCredit and AmeriCredit’s security interest has been validly assigned by AmeriCredit to [AFS SenSub Corp.]/[AFS Funding Trust] pursuant to this Agreement. This Agreement
creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Purchaser, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the
Seller. 

  

 B-3 

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

 B-4 

 24. Insurance. At the time of an origination of a Receivable by AmeriCredit or a purchase of a
Receivable by AmeriCredit from a Dealer or Third-Party Lender, each Financed Vehicle is required to be covered by a comprehensive and collision insurance policy (i) in an amount at least equal to the lesser of (a) its maximum insurable
value or (b) the principal amount due from the Obligor under the related Receivable, (ii) naming AmeriCredit as loss payee and (iii) insuring against loss and damage due to fire, theft, transportation, collision and other risks
generally covered by comprehensive and collision coverage. Each Receivable requires the Obligor to maintain physical loss and damage insurance, naming AmeriCredit and its successors and assigns as additional insured parties, and each Receivable
permits the holder thereof to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so. No Financed Vehicle is insured under a policy of Force-Placed Insurance on the [Initial] Cutoff Date [or the
Subsequent Cutoff Date, as applicable]. 
  
 25. Past Due.
At the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] no Receivable was more than 30 days past due. 
  
 26. Remaining Principal Balance. At the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] the Principal Balance of each
Receivable set forth in the Schedule[s] of Receivables is true and accurate in all material respects. 
  
 27. Certain Characteristics of [Initial] Receivables. 
  
 (A) Each [Initial] Receivable had a remaining maturity, as of the [related] Cutoff Date, of not more than
            months. 
  
 (B) Each [Initial] Receivable had an original maturity, as of the [related Initial] Cutoff Date, of not more than
        months. 
  
 (C) Not more than             of the [Initial] Receivables (calculated by aggregate Principal Balance) has an original term to maturity of
            months. 
  
 (D) Each [Initial] Receivable had a remaining Principal Balance as of the [Initial] Cutoff Date of at least
$            and not more than $            . 
  
 (E) Each [Initial] Receivable has an Annual Percentage Rate of at least 1% and not more than
            %. 
  
 (F) The [Initial] Receivables’ weighted average Annual Percentage Rate is not less than             %. 
  
 (G) No [Initial] Receivable was more than 30 days past due
as of the [Initial] Cutoff Date. 
  
 (H) No funds
have been advanced by AmeriCredit, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any [Initial] Receivable to qualify under clause (G) above. 
  

 B-5 

 (I) Not more than
            % of the Obligors related to the [Initial] Receivalbles reside in [Texas and California] (based on the Obligor’s mailing address as of the [Initial] Cutoff Date).

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

 
 28. Interest Calculation. Each Contract provides for the
calculation of interest payable thereunder under either the “simple interest” method, the “Rule of 78’s” method or the “precomputed interest” method. 
  
 29. Lockbox Account. Each Obligor has been, or will be, directed to make all payments on their related Receivable to
the Lockbox Account. 
  
 30. Consumer Leases. No Receivable
constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667. 
  
 31. Perfection. The Seller has taken all steps necessary to perfect
its security interest against the related Obligors in the property securing the Receivables and will take all necessary steps on behalf of the Trust to maintain the Trust’s perfection of the security interest created by each Receivable in the
related Financed Vehicle. 
  

 B-6 

 [EXHIBIT A] 
  

[SUBSEQUENT PURCHASE AGREEMENT] 
  
 [Transfer No.             of Subsequent Receivables, dated as of
            , 200_, pursuant to a Purchase Agreement (the “Purchase Agreement”) dated as of             , 200_,
between AMERICREDIT FINANCIAL SERVICES, INC. a Delaware corporation (the “Seller”) and [AFS SENSUB CORP., a Nevada corporation]/[AFS FUNDING TRUST, a Delaware statutory trust] (the “Purchaser”). 
  
 W I T N E S S E T H: 
  
 WHEREAS pursuant to the Purchase Agreement, the Seller wishes to convey the
Subsequent Receivables to the Purchaser; and 
  
 WHEREAS, the
Purchaser is willing to accept such conveyance subject to the terms and conditions hereof. 
  
 NOW, THEREFORE, the Seller and the Purchaser hereby agree as follows: 
  
 1. Defined Terms. Capitalized terms used herein shall have the meanings ascribed to them in the Purchase Agreement unless otherwise defined herein.

  
 “Subsequent Cutoff Date” shall mean, with
respect to the Subsequent Receivables conveyed hereby,             , 200  . 
  
 “Subsequent Transfer Date” shall mean, with respect to the Subsequent Receivables conveyed hereby,
            , 200  . 
  
 2. Schedule of Receivables. Attached hereto as Schedule A is a supplement to Schedule A to the Purchase Agreement listing the Receivables that constitute the Subsequent Receivables to be conveyed pursuant to
this Agreement on the Subsequent Transfer Date. 
  
 3.
Conveyance of Subsequent Receivables. In consideration of the Purchaser’s delivery to, or upon the order of, the Seller of $            , the Seller does hereby sell, transfer,
assign, set over and otherwise convey to the Purchaser, without recourse (except as expressly provided in the Purchase Agreement), all right, title and interest of the Seller in and to: 
  
 (a) the Subsequent Receivables and all moneys received thereon, after the Subsequent Cutoff Date;

  
 (b) the security interests in the Financed
Vehicles granted by Obligors pursuant to the respective Subsequent Receivables and any other interest of the Seller in such Financed Vehicles; 
  
 (c) any proceeds and the right to receive proceeds with respect to the respective Subsequent Receivables from claims and on any physical
damage, credit life or disability 

  

 EX-A-1 

 
insurance policies covering the related Financed Vehicles or Obligors and any proceed from the liquidation of such Subsequent Receivables; 
  
 (d) any proceeds from any Subsequent Receivable repurchased
by a Dealer pursuant to a Dealer Agreement or a Third-Party Lender pursuant to an Auto Loan Purchase and Sale Agreement as a result of a breach of representation or warranty in the related Dealer Agreement or Auto Loan Purchase and Sale Agreement;

  
 (e) all rights under any Service Contracts on
the related Financed Vehicles; 
  
 (f) the
related Receivables Files; 
  
 (g) all of the
Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and (v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (f); and 

 
 (h) all proceed and investments with respect to items
(a) through (g). 
  
 The execution and delivery of this
Agreement shall constitute an acknowledgment by the Seller and the Purchaser that they intend that the assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Subsequent Receivables and the
Subsequent Other Conveyed Property, conveying good title thereto free and clear of any Liens, from the Seller to the Purchaser, and that the Subsequent Receivables and the Subsequent Other Conveyed Property shall not be a part of the Seller’s
estate in the event of the bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or state bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to
the Seller. In the event that such conveyance is determined to be made as security for a loan made by the Purchaser, the Issuer, the Noteholders or the Certificateholder to the Seller, the parties hereto intend that the Seller shall have granted to
the Purchaser a security interest in all of the Seller’s right, title and interest in and to the Subsequent Receivables and the Subsequent Other Conveyed Property conveyed pursuant to this Section 3, and that this Agreement shall
constitute a security agreement under applicable law. 
  
 4.
Representations and Warranties of the Seller. The Seller hereby represents and warrants to the Purchaser as of the date of this Agreement and as of the Subsequent Transfer Date that: 
  
 (a) Schedule of Representations. The representations
and warranties relating to the Subsequent Receivables set forth on the Schedule of Representations attached as Schedule B to the Purchase Agreement are true and correct. 
  
 (b) Organization and Good Standing. The Seller has been duly organized, is validly existing as a
corporation in good standing under the laws of the State of Delaware with power and authority to own its properties and to conduct its businesses as such properties are currently owned and such business is currently conducted, and has had at all
relevant times, and now has, the power, authority and legal right to acquire, own and sell the Subsequent Receivables and the Subsequent Other Conveyed Property transferred to the Purchaser. 
  

 EX-A-2 

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

  

 EX-A-3 

 
contemplated by this Agreement or any of the Related Documents, (C) seeking any determination or ruling that might materially and adversely affect the
performance by the Seller of its obligations under, or the validity or enforceability of, this Agreement or any of the Related Documents, or (D) seeking to adversely affect the federal income tax or other federal, state or local tax attributes
of, or seeking to impose any excise, franchise, transfer or similar tax upon, the transfer and acquisition of the respective Subsequent Receivables and the Subsequent Other Conveyed Property hereunder. 
  
 (h) Chief Executive Office. The chief executive
office of the Seller is at 801 Cherry Street, Suite 3900, Fort Worth, Texas 76102. 
  
 (i) Principal Balance. The aggregate Principal Balance of the Subsequent Receivables transferred by the Seller listed on Schedule A
attached hereto and conveyed to the Purchaser pursuant to this Agreement as of the Subsequent Cutoff Date is $            . 
  
 (j) Legal Name. The Seller’s exact legal name is, and at all times has been, the name indicated
for it on the signature page below. 
  
 (k)
Organization. the Seller is, and at all times has been, a corporation organized exclusively under the laws of Delaware. 
  
 (l) Seller’s Intention. The Subsequent Receivables are being transferred with the intention of removing them from the
Seller’s estate pursuant to Section 541 of the United States Bankruptcy Code, as the same may be amended from time to time. 
  
 5. Representations and Warranties of the Purchaser. The Purchaser hereby represents and warrants to the Seller as of the date of this Agreement and
as of the Subsequent Transfer Date that: 
  
 (a)
Organization and Good Standing. Purchaser has been duly organized and is validly existing and in good standing as a [corporation]/[statutory trust] under the laws of the State of [Nevada]/[Delaware], with the power and authority to own its
properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and has, full power, authority and legal right to acquire and own the Subsequent Receivables and
the Subsequent Other Conveyed Property, and to transfer the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement. 
  
 (b) Due Qualification. Purchaser is duly qualified to do business [as a foreign corporation]/[, is]
in good standing, and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect Purchaser’s ability to acquire the Subsequent Receivables or the Subsequent Other
Conveyed Property, and to transfer the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer pursuant to the Sale and Servicing Agreement, or the validity or enforceability of the Subsequent Receivables and the Subsequent
Other Conveyed Property or to perform Purchaser’s obligations hereunder and under the Purchaser’s Related Documents. 
  

 EX-A-4 

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

 EX-A-5 

 In the event of any breach of a representation and warranty made by Purchaser hereunder, Seller covenants
and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes, Certificates, pass-through certificates or other
similar securities issued by Purchaser, or a trust or similar vehicle formed by Purchaser, have been paid in full. Seller and Purchaser agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically
enforced by Purchaser, Issuer or by the Trustee on behalf of the Noteholders and Owner Trustee on behalf of the Certificateholder. 
  
 6. Conditions Precedent. The obligation of the Purchaser to acquire the Subsequent Receivables hereunder is subject to the satisfaction, on or
prior to the Subsequent Transfer Date, of the following conditions precedent: 
  
 (a) Representations and Warranties. Each of the representations and warranties made by the Seller in Sections 4 and 5 of this Agreement and in Sections 3.1 and 3.2 of the Purchase Agreement shall be true and
correct as of the date of this Agreement and as of the Subsequent Transfer Date. 
  
 (b) Conditions. Upon the resale of the Subsequent Receivables sold by the Seller to the Purchaser hereunder and by the Purchaser to
the Issuer pursuant to the Sale and Servicing Agreement and any related Subsequent Transfer Agreement, the conditions precedent to such sale, set for thin Section 2.2(b) of the Sale and Servicing Agreement shall be satisfied. 
  
 (c) Additional Information. The Seller shall have
delivered to the Purchaser such information as was reasonably requested by the Purchaser to satisfy itself as to (i) the accuracy of the representations and warranties set forth in Section 4 of this Agreement and in Sections 3.1 and 3.2 of
the Purchase Agreement and (ii) the satisfaction of the conditions set forth in this Section. 
  
 7. Ratification of Agreement. As supplemented by this Agreement, the Purchase Agreement is in all respects ratified and confirmed and the Purchase
Agreement as so supplemented by this Agreement shall be read, taken and construed as one and the same instrument. 
  
 8. Counterparts. This Agreement may be executed in two or more counterparts (and by different parties in separate counterparts), each of which
shall be an original but all of which together shall constitute one and the same instrument. 
  
 9. Conveyance of the Subsequent Receivables and the Subsequent Other Conveyed Property to the Issuer. The Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the
Subsequent Receivables and the Subsequent Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Subsequent Transfer Date. The Seller acknowledges and consents to such conveyance and pledges and waives any
further notice thereof and covenants and agrees that the representations and warranties of the Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust
Collateral Agent, the Noteholders and the 

  

 EX-A-6 

 
Certificateholder. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the
terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly
liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its duties and obligations hereunder or
under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of the Seller under this Agreement against the Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders
and the Certificateholder. 
  
 10. GOVERNING LAW. THIS
AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THIS AGREEMENT AND ALL MATTERS ARISING OUT OF OR RELATING IN ANY WAY TO THE AGREEMENT SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICT OF LAW
PROVISIONS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
  

 EX-A-7 

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

									
	 	 	 	 	AMERICREDIT FINANCIAL SERVICES, INC.
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 Name:
 Title:

			
	 	 	 	 	 [AFS SENSUB CORP.]/[AFS FUNDING TRUST]

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 [By: AMERICREDIT FINANCIAL SERVICES, INC., as Administrator]

					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 Name:
 Title:

	Acknowledged and Accepted:	 	 	 	 
		
	 [TRUST COLLATERAL AGENT],
 not in its individual capacity but solely as Trust Collateral Agent
	 	 
					
	By:	 	 	 	 	 	 	 	 
	 	 	 Name:
 Title:
	 	 	 	 	 	 

  
  

 EX-A-8 

 SCHEDULE A 
  
 SCHEDULE OF SUBSEQUENT RECEIVABLES] 
  

 EX-A-9Second Amendment to Third Amended and Restated Credit Agreement

 Exhibit 10.1 
  
 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 
  
 THIS SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
(the ”Amendment”), dated effective as of January 26, 2006 (except as specified in Section 2.1) below is among HORIZON HEALTH CORPORATION, a Delaware Corporation (the “Parent”), HORIZON MENTAL HEALTH
MANAGEMENT, INC., a Texas Corporation (the “Borrower”), each of the banks or other lending institutions party hereto, and JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank, who was formerly known as The Chase
Manhattan Bank, who was the successor in interest by merger to Chase Bank of Texas, National Association, formerly known as Texas Commerce Bank National Association), as the agent (the “Agent”). 
  
 RECITALS: 
  
 A. The Parent, the Borrower, the Agent, and certain banks and other lending institutions have entered into that certain
Third Amended and Restated Credit Agreement dated as of June 10, 2005 (as amended by that certain Consent and First Amendment to Third Amended and Restated Credit Agreement dated effective as of November 14, 2005 among the Parent, the
Borrower, the Agent and the banks party thereto, and as the same may be further amended or otherwise modified, herein the “Agreement”). 
  
 B. The Parent and the Borrower have requested that the Agent and the Banks amend certain of the delivery requirements related to a Permitted Acquisition
under Section 9.5(a) of the Agreement and the Indebtedness to Adjusted EBITDA covenant set forth in Section 10.3 of the Agreement. Subject to satisfaction of the conditions set forth herein, the Agent and the Banks party
hereto are willing to amend the Agreement as herein set forth. 
  
 C. After the effectiveness of this Amendment, the Parent, the Borrower, the Agent and the financial institutions party thereto shall execute an Increased Commitment Supplement dated the date hereof (the “Supplement”) which
will increase the aggregate principal amount of the Revolving Commitments to $175,000,000. 
  
 NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows effective
as of the date hereof unless otherwise indicated: 
  
 ARTICLE I.

  
 Definitions 
  
 Section 1.1. Definitions. Capitalized terms used in this Amendment, to
the extent not otherwise defined herein, shall have the same meanings as in the Agreement, as amended hereby. 
  
 ARTICLE II. 
  
 Amendments 
  
 Section 2.1. Amendment to
Section 9.5 – Investments. Effective as of December 15, 2005, clause (a)(iv) of Section 9.5 of the Agreement is amended in its entirety to read as follows: 
  
 (iv) Delivery and Notice Requirements. Parent shall
provide to Agent, prior to the consummation of the acquisition, the following: (A) notice of the acquisition, (B) the most recent financial statements of the Target that Parent has available, and (C) such other documentation and
information relating to the Target and the acquisition as Agent 

  

 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, Page 1 

 
may reasonably request including, without limitation, evidence certified by the chief executive or chief financial officer of Parent that Parent shall be in
compliance with the covenants contained in Article X on a pro forma basis for the four (4) Fiscal Quarter period then most recently ending (assuming (1) the consummation of the acquisition in question; (2) that the incurrence or
assumption of any Debt in connection therewith occurred on the first day of such period; (3) to the extent such Debt bears interest at a floating rate, the rate in effect for the entire period of calculation was the rate in effect at the time
of calculation; and (4) any sale of Subsidiaries or lines of business which occurred during such period occurred on the first day of such period); 
  
 Section 2.2. Amendment to Section 10.3 – Indebtedness to Adjusted EBITDA. The first sentence of Section 10.3 of the
Agreement is amended in its entirety to read as follows: 
  
 As of
the last day of each Fiscal Quarter, Parent shall not permit the ratio of Indebtedness outstanding as of such day to Adjusted EBITDA for the four (4) Fiscal Quarter period then ended to exceed the ratio set forth in the table below for such
Fiscal Quarter: 
  

			
	 Fiscal Quarter

	  	 Maximum Ratio

		
	 Fiscal Quarter ended February 28, 2006
	  	 3.75 to 1.00

		
	 Fiscal Quarter ended May 31, 2006
	  	 3.50 to 1.00

		
	 Fiscal Quarter ended August 31, 2006
	  	 3.50 to 1.00

		
	 Fiscal Quarter ended November 30, 2006
	  	 3.50 to 1.00

		
	 Fiscal Quarter ended February 28, 2007
	  	 3.50 to 1.00

		
	 Fiscal Quarter ended May 31, 2007
	  	 3.50 to 1.00

		
	 Fiscal Quarter ended August 31, 2007
	  	 3.25 to 1.00

		
	 Fiscal Quarter ended November 30, 2007
	  	 3.25 to 1.00

		
	 Fiscal Quarter ended February 28, 2008 and
 each Fiscal Quarter end thereafter
	  	
 3.00 to 1.00

  
 Section 2.3.
Amendment to Exhibit C – Compliance Certificate. Exhibit C to the Agreement is amended in its entirety to read as set forth on Exhibit A attached hereto. 
  
 ARTICLE III. 
  
 Conditions Precedent 
  
 Section 3.1. Conditions. The effectiveness of Article II of this Amendment is subject to the satisfaction of the following conditions
precedent: 
  
 (a) The Agent shall have received all of the
following, each dated (unless otherwise indicated) the date of this Amendment, in form and substance satisfactory to the Agent: 
  
 (i) Amendment. This Amendment duly executed by the Borrower, the Parent, the other Obligated Parties and the Required Banks; 
  
 (ii) Resolutions. Resolutions of the Board of Directors of the
Borrower certified by its Secretary or an Assistant Secretary which authorize the execution, delivery, and performance by the Borrower of this Amendment, the Supplement and the Revolving Notes executed pursuant thereto; 
  
 (iii) Incumbency Certificate. A certificate of incumbency certified
by the Secretary or an Assistant Secretary of Borrower certifying the name of each officer of the Borrower who 

  

 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, Page 2 

 
is authorized to sign this Amendment, the Supplement and the Revolving Notes executed pursuant thereto together with specimen signatures of each such
officer; 
  
 (iv) Governmental Certificates. Certificates
of the appropriate government officials of the state of incorporation of the Borrower as to the existence and good standing of the Borrower, each dated a current date; 
  
 (v) Additional Information. Such additional documentation, approvals, opinions, and information as Agent or its
legal counsel Jenkens & Gilchrist, a Professional Corporation, may request; 
  
 (b) The representations and warranties contained herein and in all other Loan Documents, as amended hereby, shall be true and correct in all material respects as of the date hereof as if made on the date hereof,
except for such representations and warranties limited by their terms to a specific date; 
  
 (c) No Default shall have occurred and be continuing; and 
  
 (d) All proceedings taken in connection with the transactions contemplated by this Amendment and all documentation and other legal matters incident thereto shall be satisfactory to the Agent and its legal counsel
Jenkens & Gilchrist, a Professional Corporation. 
  
 ARTICLE IV. 
  
 Miscellaneous 
  
 Section 4.1. Ratifications. The terms and provisions set forth in this
Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Agreement and except as expressly modified and superseded by this Amendment, the terms and provisions of the Agreement and the other Loan Documents are
ratified and confirmed and shall continue in full force and effect. 
  
 Section 4.2. Representations and Warranties. Borrower hereby represents and warrants to the Agent and the Banks as follows: (a) after giving effect to this Amendment, no Default exists; (b) after giving effect to this
Amendment, the representations and warranties set forth in the Loan Documents are true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of such date except with respect to any
representations and warranties limited by their terms to a specific date; (c) the execution, delivery, and performance of this Amendment has been duly authorized by all necessary action on the part of the Parent, the Borrower, and each
Obligated Party and does not and will not (i) violate any provision of law applicable to the Borrower, the Parent, or any Obligated Party, the certificate of incorporation, bylaws, partnership agreement, membership agreement, or other
applicable governing document of the Borrower, the Parent, or any Obligated Party or any order, judgment, or decree of any court or agency of government binding upon the Borrower, the Parent, or any Obligated Party, (ii) conflict with, result
in a breach of or constitute (with due notice of lapse of time or both) a default under any material contractual obligation of the Borrower, the Parent, or any Obligated Party, (iii) result in or require the creation or imposition of any
material lien upon any of the assets of the Borrower, the Parent, or any Obligated Party, or (iv) require any approval or consent of any Person under any material contractual obligation of the Borrower, the Parent, or any Obligated Party; and
(d) the articles of incorporation and bylaws of the Borrower furnished to the Agent on November 15, 2000 have not been modified or rescinded and remain in full force and effect. 
  
 IN ADDITION, TO INDUCE THE AGENT AND THE BANKS TO AGREE TO THE TERMS OF THIS AMENDMENT, THE BORROWER, THE PARENT, AND EACH
OBLIGATED PARTY (BY ITS EXECUTION BELOW) REPRESENTS AND WARRANTS THAT AS OF THE DATE OF 

  

 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, Page 3 

 
ITS EXECUTION OF THIS AMENDMENT THERE ARE NO CLAIMS OR OFFSETS AGAINST OR DEFENSES OR COUNTERCLAIMS TO ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS AND IN
ACCORDANCE THEREWITH IT: 
  
 (a) WAIVER.
WAIVES ANY AND ALL SUCH CLAIMS, OFFSETS, DEFENSES OR COUNTERCLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING PRIOR TO THE DATE OF ITS EXECUTION OF THIS AMENDMENT AND 
  

(b) RELEASE. RELEASES AND DISCHARGES THE AGENT AND THE BANKS, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS,
SHAREHOLDERS, AFFILIATES AND ATTORNEYS (COLLECTIVELY THE “RELEASED PARTIES”) FROM ANY AND ALL OBLIGATIONS, INDEBTEDNESS, LIABILITIES, CLAIMS, RIGHTS, CAUSES OF ACTION OR DEMANDS WHATSOEVER, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR
UNSUSPECTED, IN LAW OR EQUITY, WHICH THE BORROWER OR ANY OBLIGATED PARTY EVER HAD, NOW HAS, CLAIMS TO HAVE OR MAY HAVE AGAINST ANY RELEASED PARTY ARISING PRIOR TO THE DATE HEREOF AND FROM OR IN CONNECTION WITH THE LOAN DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED THEREBY. 
  
 Section 4.3. Survival of
Representations and Warranties. All representations and warranties made in this Amendment shall survive the execution and delivery of this Amendment, and no investigation by the Agent or any Bank or any closing shall affect the representations
and warranties or the right of the Agent or any Bank to rely upon them. 
  
 Section 4.4. Reference to Agreement. Each of the Loan Documents, including the Agreement, are hereby amended so that any reference in such Loan Documents to the Agreement shall mean a reference to the Agreement as amended hereby.

  
 Section 4.5. Expenses of Agent. As provided in the
Agreement, the Borrower agrees to pay on demand all costs and expenses incurred by the Agent in connection with the preparation, negotiation, and execution of this Amendment, including without limitation, the costs and fees of the Agent’s legal
counsel. 
  
 Section 4.6. Severability. Any provision of
this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable.

  
 Section 4.7. Applicable Law. This Amendment shall be
governed by and construed in accordance with the laws of the State of Texas and the applicable laws of the United States of America. 
  
 Section 4.8. Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of the Agent, each Bank and the Borrower and
their respective successors and assigns, except the Borrower may not assign or transfer any of its rights or obligations hereunder without the prior written consent of the Banks. 
  
 Section 4.9. Counterparts. This Amendment may be executed in one or more counterparts and on telecopy counterparts,
each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same agreement. 
  
 Section 4.10. Effect of Waiver. No consent or waiver, express or implied, by the Agent or any Bank to or for any breach of or deviation from any
covenant, condition or duty by the Borrower or any 

  

 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, Page 4 

 
Obligated Party shall be deemed a consent or waiver to or of any other breach of the same or any other covenant, condition or duty. 
  
 Section 4.11. Headings. The headings, captions, and arrangements used
in this Amendment are for convenience only and shall not affect the interpretation of this Amendment. 
  
 Section 4.12. ENTIRE AGREEMENT. THIS AMENDMENT EMBODIES THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDES ANY AND ALL PRIOR
COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES
HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO. 
  
 Section 4.13. Required Banks. The Agreement may be modified as provided in this Amendment with the agreement of the Required Banks which means Banks having fifty—one percent (51%) or more of the sum of the total Revolving
Commitments (such percentage applicable to a Bank, herein such Bank’s “Required Bank Percentage”). For purposes of determining the effectiveness of this Amendment, each Bank’s Required Bank Percentage is set forth on
Schedule 4.13 hereto. 
  
 Executed as of the date first
written above. 
  

			
	PARENT AND BORROWER:
	
	 HORIZON HEALTH CORPORATION
 HORIZON MENTAL HEALTH MANAGEMENT,
 INC.

		
	 By:
	 	 /s/ John Pitts

	 	 	 John Pitts, Authorized Officer for both Parent
 and Borrower

	
	AGENT AND BANKS:
	
	JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank, who was formerly The Chase Manhattan Bank, who was successor-in-interest by merger to the Chase Bank of Texas,
National Association who was formerly known as TEXAS COMMERCE BANK NATIONAL ASSOCIATION), individually as a Bank, as Agent, and as Issuing Bank
		
	 By:
	 	 /s/ Matthew H. Hildreth

	 	 	 Matthew H. Hildreth, Senior Vice President

  

 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, Page 5 

			
	 BANK OF AMERICA, NATIONAL
 ASSOCIATION

		
	 By:
	 	 /s/ Daniel H. Penkar

		
	 Name:
	 	 Daniel H. Penkar

		
	 Title:
	 	 Senior Vice President

	
	 WELLS FARGO BANK, N.A. (formerly Wells
 Fargo Bank Texas, National Association)

		
	 By:
	 	 /s/ Linda G. Davis

		
	 Name:
	 	 Linda G. Davis

		
	 Title:
	 	 Vice President

	
	 KEYBANK NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Joanne Bramanti

		
	 Name:
	 	 Joanne Bramanti

		
	 Title:
	 	 Senior Vice President

	
	 WACHOVIA BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Gideon Oosthuizen

		
	 Name:
	 	 Gideon Oosthuizen

		
	 Title:
	 	 Vice President

	
	 AMEGY BANK, N.A.

		
	 By:
	 	 /s/ Lisa Armstrong

		
	 Name:
	 	 Lisa Armstrong

		
	 Title:
	 	 Vice President

  

 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, Page 6 

 OBLIGATED PARTY CONSENT 
  
 Each Obligated Party (i) consents and agrees to this Second Amendment to Third Amended and Restated Credit Agreement;
(ii) agrees that the Guaranty, Subsidiary Security Agreement, and the Subsidiary Pledge Agreement to which it is a party shall remain in full force and effect and shall continue to be the legal, valid, and binding obligation of such Obligated
Party enforceable against it in accordance with its terms; and (iii) agrees that the “Obligations” as defined in the Agreement as amended hereby (including, without limitation, all obligations, indebtedness, and liabilities arising in
connection with the Letters of Credit and the increase in the Revolving Commitments contemplated hereby) are “Obligations” as defined in the Guaranty. 
  

			
	OBLIGATED PARTIES:
	
	 MENTAL HEALTH OUTCOMES, INC.

	
	HORIZON HEALTH PHYSICAL REHABILITATION SERVICES, INC. (formerly Specialty Rehab Management, Inc.)
	
	 HHMC PARTNERS, INC.

	
	 HORIZON BEHAVIORAL SERVICES, INC. (successor in interest by merger to Horizon Behavioral Services IPA, Inc., Horizon Behavioral
Services of New Jersey, Inc., Horizon Behavioral Services of New York, Inc., Horizon Behavioral Services of California, Inc., Employee Assistance Programs International, LLC, Florida Psychiatric Associates, LLC, Horizon Behavioral Services of
Florida, LLC, and Occupational Health Consultants of America, Inc.)

	
	 HMHM OF TENNESSEE, INC.

	 EMPLOYEE ASSISTANCE SERVICES, INC.

	
	 HHC INDIANA, INC.

	
	 HHC OHIO, INC.

	
	 HHC POPLAR SPRINGS, INC.

	
	 HHC RIVER PARK, INC.

	
	 PSYCHMANAGEMENT GROUP, INC.

	
	 HHC SERVICES, LLC

		
	 By:
	 	 /s/ John Pitts

	 	 	 John Pitts

	 	 	 Authorized Officer for each Obligated Party

  

 SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, Page 7

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