Document:

Form of Purchase Agreement

 Exhibit 10.1 
 PURCHASE AGREEMENT 
 between 
 AFS SENSUB CORP. 
 Purchaser 
 and 
 [AMERICREDIT FINANCIAL
SERVICES, INC.]/ 
 [BAY VIEW ACCEPTANCE CORPORATION]/ 
 [LONG BEACH ACCEPTANCE CORP.] 
 Seller 
 Dated as of                     , 20     

 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	  	4
		
	 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.	  	16
	 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	  	18
	 SECTION 6.11
	  	Counterparts	  	18
	 SECTION 6.12
	  	Conveyance of the Receivables and the Other Conveyed Property to the Issuer	  	18

  

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	 SECTION 6.13
	  	Nonpetition Covenant	  	18
	 SECTION 6.14
	  	[Benefits of Purchase Agreement]	  	19

 SCHEDULES 
 Schedule A
— Schedule of [Initial] 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                     , 20    , executed between
AFS SenSub Corp., a Nevada corporation, as purchaser (“Purchaser”) and [AmeriCredit Financial Services, Inc., a Delaware corporation]/[Bay View Acceptance Corporation, a Nevada corporation]/[Long Beach Acceptance Corp., 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
                    , 20    , by and among AFS SenSub Corp. (as Seller), AmeriCredit Financial Services, Inc. (in
its individual capacity and as Servicer), AmeriCredit Prime Automobile Receivables Trust 20    -   (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
                    , 20    . 
 “[Initial] Other Conveyed Property” means all property conveyed by the Seller to the Purchaser pursuant to this Agreement and by the Purchaser to the Trust pursuant to Sections 2.1(a)(2) through
(8) of this Agreement. 
 “[Initial] Receivables” means the Receivables listed on the Schedule of [Initial] Receivables
attached hereto. 

 “Issuer” means AmeriCredit Prime Automobile Receivables Trust
20    -  . 
 “Originator[s]” means [each of AmeriCredit Financial Services,
Inc., Bay View Acceptance Corp., and/or Long Beach Acceptance Corp.] 
 [“Other Conveyed Property” means the Initial Other
Conveyed Property and the Subsequent Other Conveyed Property.] 
 “Owner Trustee” means [Owner Trustee], as Owner Trustee
appointed and acting pursuant to the Trust Agreement. 
 “Purchase Agreement Collateral” has the meaning specified in
Section 6.9 of this 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 Indemnification 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 the 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 Sections 3(b) through (h) of the related Subsequent Purchase Agreement other than the Subsequent Receivables.] 
  

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 [“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 and the related Subsequent Purchase Agreement, which shall be listed on Schedule A to the related Subsequent Purchase
Agreement.] 
 [“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 

  

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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 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 
  

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 (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 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 Date]/[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 
  

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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 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 [as of the Closing Date]/[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]/[Nevada], 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, is 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. 
  

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 (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 bylaws of Seller, or any indenture, 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]/[Other Address]. 
 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 [and under any Subsequent Purchase Agreement]. Such representations are made as of the execution and delivery of this Agreement [and under 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. 
  

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 (a) Organization and Good Standing. Purchaser has been duly organized and is
validly existing and in good standing as a corporation under the laws of the State of Nevada, 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. 
 (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 bylaws 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 

  

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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 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

  

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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 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 the 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 [with respect to the
Initial Receivables] as of the [Initial] Cutoff Date [and with respect to Subsequent Receivables, the Subsequent Cutoff 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 

  

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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 sold pursuant to the terms of the Sale and Servicing Agreement. 
 (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 Insurer,] 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 Insurer,] 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 Insurer,] 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. 
  

 11 

 (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 Insurer,] 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, 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 Insurer,] 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 Insurer,] 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 Insurer,] 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. 
  

 12 

 (h) Seller shall 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 and against any loss, liability or expense 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 
  

 13 

 
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. 
 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, provided 
  

 14 

 
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 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. 
  

 15 

 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 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 [and the Insurer]. 
 (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.]/[Bay View Acceptance Corporation]/[Long Beach 
  

 16 

 
Acceptance Corp.], 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, or such other address as shall be 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 following property, whether now owned or existing or hereafter
acquired or arising, and this Agreement shall constitute a security agreement under applicable law (collectively, the “Purchase Agreement Collateral”): 
 (1) the [Initial] Receivables and all moneys received thereon after the [Initial] Cutoff Date [and the Subsequent Receivables and all
moneys received after the applicable Subsequent Cutoff Date]; 
 (2) the security interests in the Financed Vehicles granted
by Obligors pursuant to the 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
Receivables; 
 (4) any proceeds from any Receivable repurchased by a Dealer 

 17 

 
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). 
 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 Closing Date [and on the Subsequent Transfer 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 
  

 18 

 
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] 
  

 19 

 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., as Purchaser

		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 [AMERICREDIT FINANCIAL SERVICES, INC.]/[BAY VIEW ACCEPTANCE CORPORATION]/[LONG BEACH ACCEPTANCE CORP.], as
Seller

		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  

			
	 Accepted:

	
	[TRUSTEE AND TRUST COLLATERAL AGENT], as Trustee and Trust Collateral Agent
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

 [Purchase Agreement] 
  

 20 

 SCHEDULE A 
 SCHEDULE OF RECEIVABLES 
 [On file with [AmeriCredit]/[Bay View]/[Long Beach], the Trustee and Dewey
Ballantine LLP] 

 SCHEDULE B 
 REPRESENTATIONS AND WARRANTIES OF 
 [AMERICREDIT FINANCIAL SERVICES, INC.
(“AMERICREDIT”)]/ 
 [BAY VIEW ACCEPTANCE CORPORATION (“BAY VIEW”)]/ 
 [LONG BEACH ACCEPTANCE CORP. (“LONG BEACH”)] 
 1. Characteristics of Receivables. Each Receivable (A) was originated (i) by the Seller[s], (ii) by an Originating Affiliate and was validly assigned by such Originating Affiliate to the
Seller[s], (iii) by a Dealer and purchased by the Seller[s] from such Dealer under an existing Dealer Agreement or pursuant to a Dealer Assignment with the Seller[s] and was validly assigned by such Dealer to the Seller[s] pursuant to a Dealer
Assignment or (iv) by a Third-Party Lender and purchased by the Seller[s] from such Third-Party Lender under an existing Auto Loan Purchase and Sale Agreement or pursuant to a Third-Party Lender Assignment with the Seller[s] and was validly
assigned by such Third-Party Lender to the Seller[s] pursuant to a Third-Party Lender Assignment (B) was originated by the Seller[s], such Originating Affiliate, such Dealer or such Third-Party Lender for the retail sale of a Financed Vehicle
in the ordinary course of the Seller[s]’s, such Originating Affiliate’s, the Dealer’s or the Third-Party Lender’s business, in each case was originated in accordance with the Seller[s]’s credit policies and was fully and
properly executed by the parties thereto, and the Seller[s], each Originating Affiliate, each Dealer and each Third-Party Lender had all necessary licenses and permits to originate Receivables in the state where the Seller[s], each such Originating
Affiliate, 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 the Seller[s],
(ii) by an Originating Affiliate and was assigned by the Originating Affiliate to the Seller[s], (iii) by a Dealer and was sold by the Dealer to the Seller[s] or (iv) by a Third-Party Lender and was sold by the Third-Party Lender to
the Seller[s], and was sold by the Seller[s] to AFS SenSub Corp. without any fraud or misrepresentation on the part of such Originating Affiliate, Dealer or Third-Party Lender or the Seller[s] 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 the Seller[s] 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. Each of the Seller and
AFS SenSub Corp. has indicated in its files that the Receivables have been sold to the Issuer pursuant to the Sale and Servicing Agreement and Granted to the Trust Collateral Agent pursuant to the Indenture. Further, the Seller[s] has/[have]
indicated in its computer files that the Receivables are owned by the Trust. 
 10. Computer Tape. The Computer Tape made available by
the Seller[s] to AFS SenSub Corp. and to the Issuer 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 the Seller[s] which met the selection criteria contained in the Sale and Servicing Agreement. 
 12. Chattel Paper. The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC as in effect in the States of Texas, New York, Nevada and
Delaware. 
  

 B-2 

 13. One Original. There is only one original executed copy (or with respect to “electronic
chattel paper”, one authoritative copy) of each Contract. With respect to Contracts that are “electronic chattel paper”, each authoritative copy (a) is unique, identifiable and unalterable (other than with the participation of
the Trust Collateral Agent in the case of an addition or amendment of an identified assignee and other than a revision that is readily identifiable as an authorized or unauthorized revision), (b) has been marked with a legend to the following
effect: “Authoritative Copy” and (c) has been communicated to and is maintained by or on behalf of the Custodian. 
 14.
Not an Authoritative Copy. With respect to Contracts that are “electronic chattel paper”, the Seller has marked all copies of each such Contract other than an authoritative copy with a legend to the following effect: “This is
not an authoritative copy.” 
 15. Revisions. With respect to Contracts that are “electronic chattel paper”, the
related Receivables have been established in a manner such that (a) all copies or revisions that add or change an identified assignee of the authoritative copy of each such Contract must be made with the participation of the Trust Collateral
Agent and (b) all revisions of the authoritative copy of each such Contract must be readily identifiable as an authorized or unauthorized revision. 
 16. Pledge or Assignment. With respect to Contracts that are “electronic chattel paper”, the authoritative copy of each Contract communicated to the Custodian has no marks or notations indicating that
it has been pledged, assigned or otherwise conveyed to any Person other than the Trust Collateral Agent. 
 17. Receivable Files
Complete. There exists a Receivable File pertaining to each Receivable and such Receivable File contains a fully executed original of the Contract and the original Lien Certificate or a copy of the application therefor. Related documentation
concerning the Receivable, including any documentation regarding modifications of the Contract, will be maintained electronically by the Servicer in accordance with customary policies and procedures. 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. With respect to tangible chattel paper, the complete Receivable
File for each Receivable currently is in the possession of the Custodian. 
 18. 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. 
 19. 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. 
 20. Good Title. Immediately prior to the conveyance of the Receivables to AFS SenSub Corp.
pursuant to this Agreement, [or a Subsequent Purchase Agreement, as applicable,] 

  

 B-3 

 
the Seller[s] was/[were] the sole owner thereof and had good and indefeasible title thereto, free of any Lien and, upon execution and delivery of this
Agreement by the Seller[s], AFS SenSub Corp. 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. The Seller[s] has/[have] 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. 
 21.
Security Interest in Financed Vehicle. Each Receivable created or shall create a valid, binding and enforceable first priority security interest in favor of the Seller[s] (or an Originating Affiliate or a Titled Third-Party Lender which first
priority security interest has been assigned to the Seller[s]) 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, the Seller[s] (or an Originating Affiliate 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, the Seller[s] or the related
Originating Affiliate has applied for or received written evidence from the related Dealer or Third-Party Lender that such Lien Certificate showing the Seller[s], an Originating Affiliate, the Issuer or a Titled Third-Party Lender, as applicable, as
first lienholder has been applied for and the Originating Affiliate’s or Titled Third-Party Lender’s security interest has been validly assigned by the Originating Affiliate or Titled Third-Party Lender, as applicable, to the Seller[s] and
the Seller[s]’s security interest has been validly assigned by the Seller[s] to AFS SenSub Corp. 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. Immediately after the sale, transfer and assignment thereof by the Seller[s] to AFS SenSub Corp.,
each Receivable will be secured by an enforceable and perfected first priority security interest in the Financed Vehicle in favor of AFS SenSub Corp. 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. 
 22. 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 Issuer 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. 
  

 B-4 

 23. No Impairment. the Seller[s] has/[have] 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. 
 24. 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 the Seller[s] with respect to such Receivable. 
 25. 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. 
 26. 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. 
 27. Insurance. At the time of an origination
of a Receivable by the Seller[s], an Originating Affiliate, 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 the Seller[s] (or an Originating Affiliate or a Titled Third-Party Lender) 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 the Seller[s], an Originating Affiliate or a Titled Third-Party Lender 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. 
 28. 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. 
 29. Certain Characteristics of Receivables.  
  

	 	(A)	Each Receivable had a remaining maturity as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of not more than [    ] months.

  

 B-5 

	 	(B)	Each Receivable had an original maturity as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of not more than [    ] months.

  

	 	(C)	Each Receivable had a remaining Principal Balance as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of at least $[    ] and
not more than $[    ]. 

  

	 	(D)	Each Receivable had an Annual Percentage Rate as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable,] of at least [    ]% and not
more than [    ]%. 

  

	 	(E)	No Receivable was more than 30 days past due as of the [Initial] Cutoff Date [or the Subsequent Cutoff Date, as applicable]. 

  

	 	(F)	No funds had been advanced by [the Seller[s], any Originating Affiliate, any Dealer, any Third-Party Lender, or anyone acting on behalf of any of them in order to cause any
Receivable to qualify under clause (E) above. 

  

	 	(G)	Each Obligor had a billing address in the United States as of the date of origination of the related Receivable, is a natural person and is not an Affiliate of any party to any
Related Agreement. 

  

	 	(H)	Each Receivable is denominated in, and each Contract provides for payment in, United States dollars. 

  

	 	(I)	Each Receivable is identified on the Servicer’s master servicing records as an automobile installment sales contract or installment note. 

  

	 	(J)	Each Receivable arose 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. 

  

	 	(K)	Each Receivable arose under a Contract with respect to which the Seller[s] has/[have] 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. 

  

	 	(L)	[Not more than [    ]% of all Receivables (calculated by Aggregate Principal Balance) which have been transferred to the Issuer including the [Initial]
Receivables as of the [Initial] Cutoff Date [and all Subsequent Receivables transferred to the Issuer as of such Subsequent Cutoff Date shall be “electronic chattel paper” as such term is defined in the UCC].] 

  

 B-6 

	 	(M)	No automobile related to a Receivable was held in repossession inventory as of the [related] Cutoff Date. 

  

	 	(N)	No Obligor was in bankruptcy as of the [related] Cutoff Date. 

  

	 	(O)	The Seller has not selected the [Initial] Receivables [and the Subsequent Receivables] in a manner that it believes is adverse to the interests of the Insurer or the Noteholders.

 30. 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. 
 31. Lien
Enforcement. Each Receivable provides for enforcement of the lien or the clear legal right of repossession, as applicable, on the Financed Vehicle securing such Receivable. 
 32. Prospectus Supplement Description. Each Receivable conforms, and all Receivables in the aggregate conform, in all material respects to the
description thereof set forth in the Prospectus Supplement. 
 33. Risk of Loss. Each Contract contains provisions requiring the
Obligor to assume all risk of loss or malfunction on the related Financed Vehicle, requiring the Obligor to pay all sales, use, property, excise and other similar taxes imposed on or with respect to the Financed Vehicle and making the Obligor liable
for all payments required to be made thereunder, without any setoff, counterclaim or defense for any reason whatsoever, subject only to the Obligor’s right of quiet enjoyment. 
 34. Leasing Business. To the best of the Seller’s and the Servicer’s knowledge, as appropriate, no Obligor is a Person involved in the
business of leasing or selling equipment of a type similar to the Obligor’s related Financed Vehicle. 
 35. 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. 
 36. 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 Issuer to maintain the Trust’s perfection of the security interest created by each Receivable in the related Financed Vehicle. 
  

 B-7 

 [EXHIBIT A] 
 [SUBSEQUENT PURCHASE AGREEMENT] 
 [Transfer No.
                 of Subsequent Receivables, dated as of
                    , 20    , pursuant to a Purchase Agreement (the “Purchase Agreement”) dated as of
                    , 20    , between [AMERICREDIT FINANCIAL SERVICES, INC., a Delaware corporation]/[BAY VIEW
ACCEPTANCE CORPORATION, a Nevada corporation]/[LONG BEACH ACCEPTANCE CORP., a Delaware corporation] (the “Seller”) and AFS SENSUB CORP., a Nevada corporation (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,
                    , 20    . 
 “Subsequent Transfer Date” shall mean, with respect to the Subsequent Receivables conveyed hereby,
                    , 20    . 
 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 insurance policies covering the related Financed Vehicles or Obligors and any proceed from the liquidation of such Subsequent Receivables; 
  

 Ex-A-1 

 (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/Nevada] 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, 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 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 bylaws 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]/[Other Address]. 
 (i) 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. 
 (j) Organization. the Seller is, and at all times has been, a
corporation organized exclusively under the laws of [Delaware]/[Nevada]. 
 (k) 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
$            . 
 (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 under the laws of the State of Nevada, 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 bylaws 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 forth in 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[, the Insurer] 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.]/[BAY VIEW ACCEPTANCE CORPORATION]/[LONG BEACH ACCEPTANCE CORP.], as
Seller

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AFS SENSUB CORP., as Purchaser
		
	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-9Exhibit 4.2

 Exhibit 4.2 
 THIS WARRANT AND THE SHARES OF COMMON STOCK PURCHASABLE HEREUNDER HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE LAWS. SUCH SECURITIES MAY NOT BE SOLD,
TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS THE REGISTRATION PROVISIONS OF SAID ACT AND LAWS HAVE BEEN COMPLIED WITH OR UNLESS THE ISSUER HAS RECEIVED AN OPINION OF COUNSEL (ACCEPTABLE TO THE ISSUER) THAT SUCH REGISTRATION IS NOT REQUIRED.

 WARRANT 
 To
Purchase                  Shares of Common Stock 
 of

 CROSS MATCH TECHNOLOGIES, INC. 
 Dated                  
 For value received,
                                        
                                        
                             or registered assigns (“Holder”), is entitled to purchase from Cross
Match Technologies, Inc., a Delaware corporation (“CROSS MATCH” or the “Company”),             
                                        
                                
(                ) shares of Common Stock, $.01 par value per share (“Common Stock”), at an exercise price of $6.00 per share of Common Stock (the
“Exercise Price”), subject to adjustment and upon the terms and conditions hereinafter provided. This Warrant may be exercised in whole or in part, at any time or from time to time after the date hereof and prior to 5:00 p.m., Eastern
Standard Time, on the first Business Day following the earlier of (i) the seventh anniversary of the date hereof or (ii) the first anniversary of the closing date of CROSS MATCH’S initial distribution of securities in an underwritten
public offering pursuant to a registration statement filed with the Securities and Exchange Commission. Certain terms used in this Warrant are defined in Article IV. 
 ARTICLE I  
 EXERCISE OF WARRANTS 
 1.1. Method of Exercise. To exercise this Warrant in whole or in part, the Holder shall deliver, on any Business Day, to CROSS MATCH at its
principal offices (a) this Warrant, (b) a written notice in the form attached hereto as Annex A of such Holder’s election to exercise this Warrant, which notice shall specify the number of shares of Common Stock to be purchased
(which shall be a whole number of shares if for less than all the shares then issuable hereunder), the denominations of the share certificate or certificates desired and the name or names in which such certificates are to be registered, and
(c) payment of the aggregate Exercise Price with respect to such shares. Such payment of the aggregate Exercise Price may be made, at the option of the Holder, either by cash, certified or bank cashiers check or wire transfer. 

 CROSS MATCH shall, as promptly as practicable and in any event within five Business Days after receipt of
such notice and payment, execute and deliver or cause to be executed and delivered, in accordance with such notice, a certificate or certificates representing the aggregate number of shares of Common Stock specified in said notice. The share
certificate or certificates so delivered shall be in such denominations as may be specified in such notice, and shall be issued in the name of the Holder or such other name or names as shall be designated in such notice. This Warrant shall be deemed
to have been exercised, such certificate or certificates shall be deemed to have been issued, and such Holder or any other Person so designated to be named therein shall be deemed for all purposes to have become a holder of record of shares, as of
the date the aforementioned notice and payment is received by CROSS MATCH. If this Warrant shall have been exercised only in part, CROSS MATCH shall, at the time of delivery of such certificate or certificates, deliver to the Holder a new Warrant
evidencing the rights to purchase the remaining shares of Common Stock called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant, or, at the request of the Holder, appropriate notation may be made on
this Warrant which shall then be returned to the Holder. CROSS MATCH shall pay all expenses, taxes and other charges payable in connection with the preparation, issuance and delivery of share certificates and new Warrants, except that, if share
certificates or new Warrants shall be registered in a name or names other than the name of the Holder, funds sufficient to pay all transfer taxes payable as a result of such transfer shall be paid by the Holder at the time of delivery of the
aforementioned notice of exercise or promptly upon receipt of a written request of CROSS MATCH for payment. 
 1.2. Shares to be
Fully Paid and Nonassessable. All shares of Common Stock issued upon the exercise of this Warrant shall be validly issued, fully paid and nonassessable. 
 1.3. No Fractional Shares Required to be Issued. CROSS MATCH shall not be required to issue fractions of shares of Common Stock upon exercise of this Warrant. 
 1.4. Reservation. CROSS MATCH has duly reserved and will keep available for issuance upon exercise of this Warrant the total number of
Warrant Shares deliverable from time to time upon exercise of this Warrant. 
 1.5 Voluntary Cancellation of a Portion of Warrant;
Adjustment of Rental Payments. CROSS MATCH agreed to sell this Warrant to the Holder at the time of its separate negotiation of a Standard Office Building Lease (the “Lease”) for the rent of a facility from John C. Bills
Enterprises, Ltd. (“Landlord”). Commencing three (3) years from the date of this Warrant, the Holder shall have the right to forfeit or cancel its rights to purchase a portion of the Warrant Shares (“Cancellation Right”) as
described in this Section 1.5. The Holder may exercise the Cancellation Right by delivering written notice (“Warrant Cancellation Notice”) to CROSS MATCH. The Warrant Cancellation Notice shall state that the Holder is electing to
cancel its right to purchase a number of Warrant Shares under this Warrant in return for CROSS MATCH’S agreement to increase the Net Rental Rate payable thereafter to Landlord under the 
  

 - 2 - 

 Lease. This Cancellation Right shall not apply with respect to any Warrant Shares purchased by the Holder upon exercise
of this Warrant. If the Cancellation Right is exercised by Holder, the Holder’s right to purchase a number of Warrant Shares under this Warrant shall be cancelled. The number of Warrant Shares that will be subject to such cancellation
(“Cancelled Warrant Shares”) may be up to the total number of original Warrant Shares purchasable under this Warrant (“Total Original Warrant Shares”), as specified in the Warrant Cancellation Notice but shall not include any
Warrant Shares issued upon exercise of this Warrant. CROSS MATCH shall not be required to reimburse or refund any portion of the purchase price paid to CROSS MATCH for purchase of this Warrant. 
 Upon delivery of the Warrant Cancellation Notice specifying the number of allowable Cancelled Warrant Shares, this Warrant shall be deemed cancelled as to those
Cancelled Warrant Shares and the rent payable under the Lease shall be adjusted for the remaining term of the Lease, commencing with the calendar month following delivery of such notice. Taking into account the number of Cancelled Warrant Shares,
the then current Net Rental Rate for each month remaining under the term of the Lease will be increased by an amount (“Monthly Rent Increase Amounts”) calculated by multiplying the Rent Discount Amounts applicable for each month remaining
under term of the Lease by the ratio (“Increase Ratio”) of the Cancelled Warrant Shares to the total number of Aggregate Warrant Shares originally purchasable under the Warrants (“Total Original Aggregate Warrant Shares”). The
amount of any increase in rent payable under the Lease will depend on the number of Cancelled Warrant Shares and the number of months remaining under the term of the Lease. The Gross Rental Rate, Net Rental Rate, and Rent Discount Amount for
applicable months under the term of the Lease are all set forth on Exhibit B attached hereto. 
 While an increase in the Net Rental Rates could be triggered
by exercise of this Cancellation Right under this Warrant and similar cancellation rights under the other Warrants, under no circumstances will the Net Rental Rates under the Lease be increased in the aggregate to amounts greater than the Gross
Rental Rates for the applicable remaining months under the term of the Lease. 
 For purposes of illustration, if the Holder elects to cancel all Warrant
Shares eligible for cancellation on the fourth anniversary of the date of this Warrant, and the Holder has not previously exercised any portion of this Warrant, the Cancelled Warrant Shares and Monthly Rent Increase Amounts to be added to the Net
Rental Rates for the remaining months under the term of the Lease will be determined as follows: 
 Cancelled Warrant Shares = Total Original Warrant Shares

 Cancelled Warrant Shares =                  
 Increase Ratio =                  divided by Total Original Aggregate Warrant Shares

                              divided by 504,244 = 0.50 or 50%. 
 Rent Discount Amount for Year 5 = $37,336.17 
  

 - 3 - 

 Monthly Rent Increase Amount for Year 5 = $37,336.17 (    %) = $ 
 Rent Discount Amount for Year 6 = $38,456.25 
 Monthly Rent Increase Amount
for Year 6 = $38,456.25 (    %) = $ 
 Rent Discount Amount for Year 7 = $39,609.94 
 Monthly Rent Increase Amount for Year 7 = $39,609.94 (    %) = $ 
 See captions “Potential Rent Increase (monthly) and Warrant Illustration (monthly) on Exhibit B attached hereto for summary calculations of this illustration. 
 The definitions and numbers used in the foregoing formulas shall be adjusted proportionately in the event of any adjustment of the number of Warrant Shares underlying
this Warrant pursuant to the provisions of Article III of this Warrant. 
 Because the Net Rental Rates could be increased upon cancellation of Warrant
Shares under one or more of the Warrants, the Monthly Rent Increase Amounts will be calculated without taking into account any other increases due to cancellation of Warrant Shares; provided that multiple changes in the rental rates due to the
exercise of rights by Warrantholders under Section 1.5 of the Warrants will be added to the Net Rental Rates for applicable periods. 
 This
Section 1.5 and the Holder’s or any transferee’s rights to cancel any Warrant Shares under this Section 1.5 will terminate and be void upon the transfer of this Warrant by Holder to any third party, including a Permitted
Transferee described under Section 3.1 (b) (iii) under the Warrant Purchase Agreement, but excluding transfers to those Permitted Transferees described under Section 3.1(b) (i) and (ii) under the Warrant Purchase
Agreement. 
 This section 1.5 and the Holder’s or any transferee’s rights to cancel any Warrant Shares under this Section 1.5 will terminate
and be void upon the closing of the Company’s IPO or upon a Sale of the Company. 
 ARTICLE II  
 TRANSFER, EXCHANGE AND REPLACEMENT OF WARRANT 
 2.1. Ownership of Warrant. CROSS MATCH may deem and treat the person in whose name this Warrant is registered as the holder and owner hereof (notwithstanding any notations of ownership or writing hereon
made by any person other than CROSS MATCH) for all purposes and shall not be affected by any notice to the contrary, until due presentment of this Warrant for registration of transfer as provided in this Article II. 
 2.2. Transfer of Warrant. The Holder agrees that it will not sell, assign, transfer, give away or otherwise dispose of (any of the
foregoing, a “Transfer”) in whole or in part this Warrant or Warrant Shares to any Person, unless such Transfer complies with the provisions of Article III of the Warrant Purchase Agreement of even date herewith between Holder and CROSS
MATCH. 
  

 - 4 - 

 CROSS MATCH agrees to maintain at its principal offices books for the registration of Transfer of this
Warrant, and Transfer of this Warrant and all rights hereunder shall be registered, in whole or in part, on such books, upon surrender of this Warrant to CROSS MATCH, together with a written assignment of this Warrant duly executed by the Holder or
its duly authorized agent or attorney, with (if the Holder is a natural person) signatures guaranteed by a bank or trust company or a broker or dealer registered with the National Association of Securities Dealers, Inc., and funds sufficient to pay
any transfer taxes payable upon such transfer. Upon surrender and, if required, receipt of such payment, CROSS MATCH shall execute and deliver a new warrant or warrants in the name of the assignee or assignees and in the denominations specified in
the instrument of assignment (which shall be whole numbers of shares only) and shall issue to the assignor a new warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be canceled. 
 2.3. Division or Combination of Warrants. This Warrant may be divided or combined with other warrants upon presentment hereof and of any
warrant or warrants with which this Warrant is to be combined, together with a written notice specifying the names and denominations (which shall be whole numbers of shares only) in which the new warrant or warrants are to be issued, signed by the
holders hereof and thereof or their respective duly authorized agents or attorneys. Subject to compliance with Section 2.2 as to any transfer or assignment which may be involved in the division or combination, CROSS MATCH shall execute and
deliver a new warrant or warrants in exchange for the Warrant or warrants to be divided or combined in accordance with such notice. 
 2.4.
Loss, Theft, Destruction of Warrant Certificates. Upon receipt of evidence satisfactory to CROSS MATCH of the ownership of and the loss, theft, destruction or mutilation of this Warrant and, in the case of any such loss, theft
or destruction, upon receipt of indemnity or security satisfactory to CROSS MATCH or, in the case of any such mutilation, upon surrender and cancellation of this Warrant, CROSS MATCH will make and deliver, in lieu of such lost, stolen, destroyed or
mutilated Warrant, a new Warrant of like tenor and representing the right to purchase the same aggregate number of shares of Common Stock. 
 ARTICLE III  
 ANTIDILUTION PROVISIONS 
 3.1. Adjustment Generally. The Exercise Price and the number of shares of Common Stock (or other securities or property) issuable upon
exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of certain events as provided in this Article III; provided that notwithstanding anything to the contrary contained herein, the Exercise Price shall
not be less than the par value of the Common Stock. 
  

 - 5 - 

 3.2. Common Stock Reorganization. If CROSS MATCH after the original issuance date of this
Warrant shall subdivide its outstanding shares of Common Stock (or any class thereof) into a greater number of shares, grant to its holders of Common Stock a dividend of shares of capital stock for no consideration, or consolidate its outstanding
shares of Common Stock (or any class thereof) into a smaller number of shares (any such event being called a “Common Stock Reorganization”), then (a) the Exercise Price shall be adjusted, effective immediately after the effective date
of such Common Stock Reorganization, to a price determined by multiplying the Exercise Price in effect immediately prior to such effective date by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding (on a
Fully Diluted Basis) on such effective date before giving effect to such Common Stock Reorganization, and the denominator of which shall be the number of shares of Common Stock outstanding (on a Fully Diluted Basis) after giving effect to such
Common Stock Reorganization; and (b) the number of shares of Common Stock subject to purchase upon exercise of this Warrant shall be adjusted, effective at such time, to a number determined by multiplying the number of shares of Common Stock
subject to purchase immediately before such Common Stock Reorganization by a fraction the numerator of which shall be the number of shares of Common Stock outstanding (on a Fully Diluted Basis) after giving effect to such Common Stock
Reorganization, and the denominator of which shall be the number of shares of Common Stock outstanding (on a Fully Diluted Basis) immediately before such Common Stock Reorganization. 
 3.3. Capital Reorganizations. If there shall be any consolidation or merger to which CROSS MATCH is a party, other than a consolidation or
a merger of which CROSS MATCH is the continuing corporation and which does not result in any reclassification of, or change (other than a Common Stock Reorganization) in, outstanding shares of Common Stock, or any sale or conveyance of the property
of CROSS MATCH as an entirely or substantially as an entirety, or any recapitalization of CROSS MATCH (any such event being called a “Capital Reorganization”), then, effective upon the effective date of such Capital Reorganization, the
Holder shall no longer have the right to purchase Common Stock, but shall have instead the right to purchase, upon exercise of this Warrant, the kind and amount of shares of stock and other securities and property (including cash) which the Holder
would have owned or have been entitled to receive pursuant to such Capital Reorganization if this Warrant had been exercised immediately prior to the effective date of such Capital Reorganization. As a condition to effecting any Capital
Reorganization, CROSS MATCH or the successor or surviving corporation, as the case may be, shall execute and deliver to the Holder and to CROSS MATCH an agreement as to the Holder’s rights in accordance with this Section 3.3, providing, to
the extent of any right to purchase equity securities hereunder, for subsequent adjustments as nearly equivalent as may be practicable to the adjustments provided for in this Article III. The provisions of this Section 3.3 shall similarly apply
to successive Capital Reorganizations. 
 3.4. Adjustment Rules. Any adjustments pursuant to this Article III shall be made
successively whenever an event referred to herein shall occur. No adjustment shall be made pursuant to this Article III in respect of the issuance from time to time of shares of Common Stock upon the exercise of this Warrant or any part thereof. If
CROSS MATCH shall take a record of the holders of its Common Stock for any purpose referred to this Article III in, then (i) such record date shall be deemed to be the date of the issuance, sale, distribution or grant in question and
(ii) if CROSS MATCH shall legally abandon such action prior to effecting such action, no adjustment shall be made pursuant to this Article III in respect of such action. 
  

 - 6 - 

 3.5. Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the
taking of any action that would require an adjustment pursuant to this Article III, CROSS MATCH shall use its best efforts to take any action that may be necessary, including obtaining regulatory approvals or exemptions, in order that CROSS MATCH
may thereafter validly and legally issue as fully paid and nonassessable all shares of Common Stock that the Holder is entitled to receive upon exercise thereof. 
 3.6. Notice of Adjustment. Not less than 10 nor more than 30 days prior to the record date or effective date, as the case may be, of any action which will require an adjustment or readjustment pursuant
to this Article III, CROSS MATCH shall give notice to the Holder of such event, describing such event in reasonable detail and specifying the record date or effective date, as the case may be, and, if determinable, the required adjustment and the
computation thereof. If the required adjustment is not determinable at the time of such notice, CROSS MATCH shall give notice to the Holder of such adjustment and computation promptly after such adjustment becomes determinable. 
 ARTICLE IV 
 DEFINITIONS

 The following terms, as used in this Warrant, have the following meanings: 
 “Aggregate Warrant Shares” means the shares of Common Stock of the Company issuable upon exercise of the Warrants. 
 “Business Day” means any day excluding Saturday, Sunday and any day on which banking institutions located in Florida are authorized by
law or other governmental action to be closed. 
 “Capital Reorganization” has the meaning set forth in Section 3.3.

 “Common Stock” has the meaning set forth in the first paragraph of this Warrant, subject to adjustment pursuant to
Article III. 
 “Common Stock Reorganization” has the meaning set forth in Section 3.2.  
 “Exercise Price” has the meaning set forth in the first paragraph of this Warrant. 
 “Fully Diluted Basis” means at any time (i) as applied to any calculation of the number of securities of CROSS MATCH, after giving
effect to (x) all shares of Common Stock of CROSS MATCH outstanding at the time of determination, (y) all shares of CROSS MATCH Common Stock issuable upon the exercise of any option, warrant (including this Warrant) or 

  

 - 7 - 

 
similar right outstanding at the time of determination and (z) all shares of Common Stock of CROSS MATCH issuable upon the exercise of any conversion or
exchange right contained in any security (other than Common Stock) convertible into or exchangeable for shares of Common Stock of CROSS MATCH; and (ii) as applied to any calculation of value, after giving effect to the foregoing securities and
the payment of any consideration payable upon the exercise of any option, warrant or similar right referred to in clause (y) above if such option, warrant or similar right were exercisable at such time. 
 “Gross Rental Rate” means the gross monthly rental rate that would have been payable under the terms of the Lease at any applicable
time, but for the discount negotiated as consideration for the sale the Warrants, as reflected under the caption “Gross Rent” on Exhibit B attached hereto. 
 “Holder” has the meaning set forth in the first paragraph of this Warrant. 
 “IPO” means the Company’s initial public offering of its securities registered with the Securities and Exchange Commission. 
 “Net Rental Rate” means the monthly rental rate payable under the terms of the Lease at any applicable time, after taking into account the discount negotiated as consideration for the sale of the
Warrants, as reflected under the caption “Net Rent Adjusted for Warrants” on Exhibit B attached hereto. 
 “Permitted
Transferee” has the meaning set forth in the Warrant Purchase Agreement. 
 “Person” means any natural person,
corporation, limited partnership, general partnership, joint stock company, joint venture, association, company, trust, bank, trust company, land trust, business trust or other organization, whether or not a legal entity, and any government agency
or political subdivision thereof. 
 “Rent Discount Amount” means the difference between the Gross Rental Rate and the Net
Rental Rate for applicable periods as set forth on the line entitled “Warrant-Based Rent Discount (monthly)” on Exhibit B attached hereto. 
 “Sale of the Company” shall mean (i) a sale or exchange of all or substantially all of the assets or (ii) a sale or exchange of all or substantially all of the outstanding capital stock of
the Company resulting in a Change of Control of the Company, or (iii) a merger, consolidation or other business combination (excluding any issuance of previously un-issued voting securities from the Company in connection with an investment in
the Company by an existing stockholder or any third party) resulting in a Change of Control of the Company, as a result of which the Company is not the continuing or surviving corporation. “Change of Control” means the acquisition by any
individual, entity or group of 50% or more of the outstanding voting securities of the Company or 50% or more of the combined voting power of then outstanding voting securities of the Company entitled to vote generally in the election of directors.

  

 - 8 - 

 “Securities Act” means the Securities Act of 1933, as amended, and rules and regulations
of the Securities and Exchange Commission thereunder. 
 “Warrant Purchase Agreement” means the Warrant Purchase Agreement
of even date between CROSS MATCH, Landlord, J&G Bills Family Limited Partnership, TPM Trust U/A McCloskey 1996 GST-2 Trust, DPM Trust U/A McCloskey 1996 GST-2 Trust, LPM Trust U/A McCloskey 1996 GST-2 Trust, and DEPM Trust U/A McCloskey 1996
GST-2 Trust pursuant to which the Warrants, including this Warrant, were sold and purchased. 
 “Warrant Shares” means the
shares of Common Stock issuable upon exercise of this Warrant. 
 “Warrants” means the warrants to purchase an aggregate of
504,244 shares of Common Stock of the Company purchased from the Company under the terms of the Warrant Purchase Agreement. 
 ARTICLE V
 
 MISCELLANEOUS 
 5.1. Notices. Notices and other communications provided for herein shall be in writing and may be given by mail, courier, confirmed telex, facsimile transmission or other electronic means of transmission
and shall, unless otherwise expressly required, be deemed given when received or, if mailed, four Business Days after being deposited in the United States mail with postage prepaid and properly addressed. In the case of the Holder, such notices and
communications shall be addressed to its address as shown on the books maintained by CROSS MATCH, unless the Holder shall notify CROSS MATCH that notices and communications should be sent to a different mailing or electronic address (or telex or
facsimile number), in which case such notices and communications shall be sent to the mailing or electronic address (or telex or facsimile number) specified by the Holder. 
 5.2. Amendments. The provisions of this Warrant may be amended, modified or waived with (and only with) the written consent of CROSS MATCH
and the Holder. 
 5.3. Governing Law. This Warrant shall be construed in accordance with and governed by the laws of the State
of Delaware (without regard to principles of conflicts of law). 
 5.4. Covenants to Bind Successor and Assigns. The provisions
of this Warrant shall be binding upon and inure to the benefit of the Holder hereof and its permitted successors and assigns. All covenants, stipulations, promises and agreements in this Warrant contained by or on behalf of CROSS MATCH or the Holder
shall bind its successors and assigns, whether so expressed or not. 
 5.5 Information Rights. For so long as this Warrant is
outstanding, Holder shall have the right with prior notice and during business hours to inspect CROSS MATCH’S books of 

  

 - 9 - 

 
account, records, and completed unaudited financial statements, to discuss the affairs, finances, and accounts of CROSS MATCH with its executive officers and
directors. As long as this Warrant is outstanding, CROSS MATCH agrees to send to the Holder (i) copies of stockholder notices provided to all stockholders of CROSS MATCH, (ii) notice of any offering of securities of CROSS MATCH (except
that notices and records of grants of stock options under CROSS MATCH Option Plans will be available for inspection along with unaudited financial statements), and (iii) notice of any debt financing or incurrence of indebtedness in excess of
$100,000. CROSS MATCH agrees to provide to Holder information covered under this Section 5.5 as and when reasonably requested by Holder. 
 IN WITNESS WHEREOF, CROSS MATCH has caused this Warrant to be executed in its corporate name by one of its officers thereunto duly authorized, and its corporate seal to be hereunto affixed, attested by its Secretary or an Assistant
Secretary, all as of the day and year first above written. 
  

							
		 	 CROSS MATCH TECHNOLOGIES, INC.
	 	
				
		 	 By:
	 	  
	 	
	[Corporate seal]	 	 Its:
	 		 	

 Attest: 
  

			
	  

	Name:	 	
	Title:	 	

  

 - 10 - 

 ANNEX A 
 FORM OF NOTICE OF EXERCISE 
  

	To:	Cross Match Technologies, Inc. 

	Date:	                     

 Reference is made to the Warrant to Purchase Shares of Common Stock of Cross Match Technologies, Inc. registered in the name of the undersigned. Terms defined therein
are used herein as therein defined. 
 The undersigned, pursuant to the provisions set forth in the Warrant, hereby irrevocably elects and agrees to purchase
                     shares of Common Stock, and makes payment herewith in full therefor at the aggregate Exercise Price of
$            . Payment of the aggregate Exercise Price is made by
                     [specify cash, certified or bank cashiers check or wire transfer]. 
 [Include the following if applicable:] To the extent that the number of shares specified above is less than all of the shares purchasable hereunder, the undersigned
requests that a new Warrant certificate representing the remaining balance of the shares be registered in the name of the undersigned. 
  

	
	  

	Name of Warrantholder
	
	  

	Signature
	
	  

	Title (if applicable)
	
	  

	
	  

	Address

 Exhibit “B” 
 Crossmatch Technologies, Inc. 
 3950 RCA Blvd., Suite 5001 

																											
	Gross Rent	 	Section I	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	  	11/1/02-10/31/03	  	11/1/03-10/31/04	  	11/1/04-10/31/05	  	11/1/05-10/31/06	  	11/1/06-10/31/07	  	11/1/07-10/31/08	  	11/1/08-10/31/09	  	 
	 Term of Lease
	 	 	  	Year 1	  	Year 2	  	Year 3	  	Year 4	  	Year 5	  	Year 6	  	Year 7	  	 
	 11/1/02 -10/31/09
	 		  			  			  			  			  			  			  			  		
	 7 Yrs.
	 	S/F Leased Space       	  			  			  			  			  			  			  			  		
		 	 Area I  >  
	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  		
		 	 Area II  >  
	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  		
		 		  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  		
		 	 Total  >  
	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  		
	 Gross Rental Rate       
	  			  			  			  			  			  			  			  		
		 	 Area I  >  
	  	$	15.00	  	$	15.45	  	$	15.91	  	$	16.39	  	$	16.88	  	$	17.39	  	$	17.91	  		
		 	 Area II  > 
	  	$	11.00	  	$	11.33	  	$	11.67	  	$	12.02	  	$	12.38	  	$	12.75	  	$	13.13	  		
	 	 	Annual Rent       	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	Total
		 	 Area I  >  
	  	$	541,200.00	  	$	557,436.00	  	$	574,159.08	  	$	591,383.85	  	$	609,125.37	  	$	627,399.13	  	$	646,221.10	  	$	4,146,924.53
		 	 Area II  >  
	  	$	453,981.00	  	$	467,600.43	  	$	481,628.44	  	$	496,077.30	  	$	510,959.62	  	$	526,288.40	  	$	542,077.06.	  	$	3,478,612.24
		 		  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
		 	 Total Annual Rent  >  
	  	$	995,181.00	  	$	1,025,036.43	  	$	1,055,787.52	  	$	1,087,461.15	  	$	1,120,084.98	  	$	1,153,687.53	  	$	1,188,298.16	  	$	7,625,536.78
		 	 Monthly Rent  >  
	  	$	82,931.75	  	$	85,419.70	  	$	87,982.29	  	$	90,621.76	  	$	93,340.42	  	$	96,140.63	  	$	99,024.85	  		
									
	 Net Rent Adjusted for Warrants
	  			  			  			  			  			  			  			  		
										
	 	 	Section I	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	  	11/1/02-10/31/03	  	11/1/03-10/31/04	  	11/1/04-10/31/05	  	11/1/05-10/31/06	  	11/1/06-10/31/07	  	11/1/07-10/31/08	  	11/1/08-10/31/09	  	 
	 Term of Lease
	 	 	  	Year 1	  	Year 2	  	Year 3	  	Year 4	  	Year 5	  	Year 6	  	Year 7	  	 
	 11/1/02 -10/31/09
	 		  			  			  			  			  			  			  			  		
	 7 Yrs.
	 	S/F Leased Space       	  			  			  			  			  			  			  			  		
		 	 Area I  >  
	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  	 	36,080	  		
		 	 Area II  >  
	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  	 	41,271	  		
		 		  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  		
		 	 Total  >  
	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  	 	77,351	  		
	 Gross Rental Rate       
	  			  			  			  			  			  			  			  		
		 	 Area I  >  
	  	$	9.00	  	$	9.27	  	$	9.55	  	$	9.83	  	$	10.13	  	$	10.43	  	$	10.75	  		
		 	 Area II  >  
	  	$	6.60	  	$	6.80	  	$	7.00	  	$	7.21	  	$	7.43	  	$	7.65	  	$	7.88	  		
	 	 	Annual Rent       	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	Total
		 	 Area I  >  
	  	$	324,720.00	  	$	334,461.60	  	$	344,495.45	  	$	354,830.31	  	$	365,475.22	  	$	376,439.48	  	$	387,732.66	  	$	2,488,154.72
		 	 Area II  >  
	  	$	272,388.60	  	$	280,560.26	  	$	288,977.07	  	$	297,646.38	  	$	306,575.77	  	$	315,773.04	  	$	325,246.23	  	$	2,087,167.35
		 		  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
		 	 Total   >  
	  	$	597,108.60	  	$	615,021.86	  	$	633,472.51	  	$	652,476.69	  	$	672,050.99	  	$	692,212.52	  	$	712,978.90	  	$	4,575,322.07
		 	 Monthly Rent  >  
	  	$	49,759.05	  	$	51,251.82	  	$	52,789.38	  	$	54,373.06	  	$	56,004.25	  	$	57,684.38	  	$	59,414.91	  		
									
	 Warrant-Based Rent Discount (monthly):
	  	$	33,172.70	  	$	34,167.88	  	$	35,192.92	  	$	36,248.70	  	$	37,336.17	  	$	38,456.25	  	$	39,609.94	  		
									
	 Potential Rent Increase (monthly):
	  	$	 	  	$	 	  	$	 	  	$	 	  	$	 	  	$	 	  	$	 	  		
									
	 Warrant Illustration (monthly):
	  			  			  			  	 	%	  	 	%	  	 	%	  	 	%	  		

  

 Note/Warrant Offering 
 Warrant Value 
  

																																								
	 	 	Call option only	 	 	 	 	 	Riskless rate	 	4.60%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
																		
	Company	 	Stock
price	 	 Strike
 price
	 	Grant date	 	Expiration
date	 	t (years)	 	t (days)	 	Volatility	 	 	Annual dividend	 	Option
value	 	delta	 	gamma	 	théta	 	véga	 	d1	 	d2	 	N(d1)	 	N(d2)
	CMT	 	$	5.20	 	$	 6.00	 	3/31/2002	 	3/30/2009	 	7.0027	 	2556	 	0.01	%	 	$	 0.00	 	$	 0.82	 	1.00	 	0.00	 	-0.001	 	0.00	 	649.35	 	649.35	 	1.00	 	1.00
		 			 			 		 		 		 		 			 			 			 		 		 		 		 		 		 		 	
	This excel sheet gives the option value, delta, theta, vega and
gamma for a call.
uses the Black and Sholes model
adjusted for dividends, ust
enter the value in the right cells as shown above. Don’t
forget to adjust the riskless rate of return in cell G2.	 			 	 	Number of shares	 	 	504,244	 		 		 		 		 		 		 		 	
	 			 	 	Fair value/share	 	$	0.83	 		 		 		 		 		 		 		 	
	 			 	 	compensation	 	$	418,523	 		 		 		 		 		 		 		 	

 Riskless rate approximates U.S. treasury rate for items with similar maturities. 
  

					
	 Confidential
	  	1/6/2003	  	Page 1

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