Document:

Exchange Note Servicing Supplement 2013-A to Closed-End Servicing Agreement

 Exhibit 10.4 

EXECUTION COPY 
  

 
  

WORLD OMNI FINANCIAL CORP., 

as Servicer 
 WORLD OMNI
LT, 
 as Titling Trust 

and 
 AL HOLDING CORP.,

 as Closed-End Collateral Agent 

EXCHANGE NOTE SERVICING SUPPLEMENT 2013-A TO 

CLOSED-END SERVICING AGREEMENT 

Dated as of September 18, 2013 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Article XI DEFINITIONS
	  	 	2	  
	 SECTION 11.1
	 	DEFINITIONS	  	 	2	  
		
	 Article XII REPRESENTATIONS AND WARRANTIES OF THE SERVICER
	  	 	2	  
	 SECTION 12.1
	 	EXISTENCE AND POWER	  	 	2	  
	 SECTION 12.2
	 	AUTHORIZATION AND NO CONTRAVENTION	  	 	3	  
	 SECTION 12.3
	 	NO CONSENT REQUIRED	  	 	3	  
	 SECTION 12.4
	 	BINDING EFFECT	  	 	3	  
	 SECTION 12.5
	 	ACCURACY OF INFORMATION	  	 	3	  
	 SECTION 12.6
	 	NO PROCEEDINGS	  	 	3	  
		
	 Article XIII SPECIFIC REQUIREMENTS FOR ADMINISTRATION AND SERVICING OF THE REFERENCE POOL
	  	 	4	  
	 SECTION 13.1
	 	APPOINTMENT OF THE SERVICER	  	 	4	  
	 SECTION 13.2
	 	SERVICER BOUND BY CLOSED-END SERVICING AGREEMENT	  	 	4	  
	 SECTION 13.3
	 	APPLICATION OF PROCEEDS	  	 	5	  
	 SECTION 13.4
	 	SERVICER CERTIFICATE	  	 	6	  
	 SECTION 13.5
	 	SERVICER FEE	  	 	6	  
	 SECTION 13.6
	 	INSURANCE LAPSES; REPAIRS	  	 	6	  
	 SECTION 13.7
	 	LICENSING OF TITLING TRUST	  	 	6	  
	 SECTION 13.8
	 	SERVICER ADVANCES	  	 	6	  
	 SECTION 13.9
	 	PAYMENT OF FEES AND EXPENSES	  	 	6	  
	 SECTION 13.10
	 	ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS’ SERVICING REPORT	  	 	7	  
	 SECTION 13.11
	 	ANNUAL OFFICER’S CERTIFICATE	  	 	7	  
	 SECTION 13.12
	 	POSTMATURITY TERM EXTENSION	  	 	7	  
	 SECTION 13.13
	 	INSURANCE POLICIES; ADDITIONAL INSUREDS	  	 	8	  
	 SECTION 13.14
	 	SECURITY DEPOSITS	  	 	8	  
	 SECTION 13.15
	 	ADDITIONAL CLASS A-1 SERVICER CERTIFICATE	  	 	8	  
		
	 Article XIV TERMINATION OF THE SERVICER
	  	 	8	  
	 SECTION 14.1
	 	TERMINATION OF THE SERVICER AS TO REFERENCE POOL	  	 	8	  
	 SECTION 14.2
	 	NO EFFECT ON OTHER PARTIES	  	 	10	  
		
	 Article XV OPTIONAL PURCHASE OF THE CLOSED-END EXCHANGE NOTE
	  	 	10	  
	 SECTION 15.1
	 	OPTIONAL PURCHASE OF THE CLOSED-END EXCHANGE NOTE	  	 	10	  
		
	 Article XVI MISCELLANEOUS
	  	 	10	  
	 SECTION 16.1
	 	AMENDMENT	  	 	10	  
	 SECTION 16.2
	 	GOVERNING LAW	  	 	11	  

  
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	 SECTION 16.3
	 	NOTICES	  	 	12	  
	 SECTION 16.4
	 	THIRD-PARTY BENEFICIARIES	  	 	12	  
	 SECTION 16.5
	 	SEVERABILITY	  	 	12	  
	 SECTION 16.6
	 	BINDING EFFECT	  	 	12	  
	 SECTION 16.7
	 	ARTICLE AND SECTION HEADINGS	  	 	12	  
	 SECTION 16.8
	 	EXECUTION IN COUNTERPARTS	  	 	13	  
	 SECTION 16.9
	 	FURTHER ASSURANCES	  	 	13	  
	 SECTION 16.10
	 	EACH EXCHANGE NOTE SEPARATE; ASSIGNEES OF EXCHANGE NOTE	  	 	13	  
	 SECTION 16.11
	 	NO PETITION	  	 	14	  
	 SECTION 16.12
	 	SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL	  	 	14	  
	 SECTION 16.13
	 	LIMITATION OF LIABILITY OF VT INC	  	 	15	  
	 SECTION 16.14
	 	INFORMATION REQUESTS	  	 	15	  
	 SECTION 16.15
	 	REGULATION AB	  	 	15	  

  
 ii 

 EXCHANGE NOTE SERVICING SUPPLEMENT 2013-A TO 

CLOSED-END SERVICING AGREEMENT 

THIS EXCHANGE NOTE SERVICING SUPPLEMENT 2013-A TO CLOSED-END SERVICING AGREEMENT (as amended, modified or supplemented from time to time, the
“Exchange Note Servicing Supplement”), dated as of September 18, 2013, is among (i) WORLD OMNI FINANCIAL CORP., a Florida corporation (“World Omni”), as servicer (in such capacity, the
“Servicer”), (ii) WORLD OMNI LT, a Delaware statutory trust (the “Titling Trust”) and (iii) AL HOLDING CORP., a Delaware corporation, as collateral agent (“ALHC” or the “Closed-End
Collateral Agent”). 
 RECITALS 

1. The Titling Trust, the Closed-End Collateral Agent and the Servicer have entered into that certain Fifth Amended and Restated Closed-End
Servicing Agreement, as amended, to provide that such agreement will constitute the “Closed-End Servicing Agreement” (as defined in the Titling Trust Agreement) with respect to the Closed-End Collateral Specified Interest, which
provides, among other things, for the servicing of the Titling Trust Assets by the Servicer. 
 2. The Titling Trust, as Borrower, the
Closed-End Collateral Agent, Bank of America, N.A., as Deal Agent, U.S. Bank National Association, as Closed-End Administrative Agent, and the other Secured Parties named therein entered into a Fourth Amended and Restated Collateral Agency
Agreement, dated as of December 15, 2009 (as amended, modified or supplemented from time to time, the “Collateral Agency Agreement”). 

3. The Collateral Agency Agreement contemplates that from time to time the Titling Trustee, on behalf of the Titling Trust and at the direction
of the Initial Beneficiary, will identify and allocate on the Titling Trust’s books and records certain Titling Trust Assets within separate Reference Pools and create and issue to the Initial Beneficiary a Closed End Exchange Note. 

4. Concurrently herewith, World Omni Auto Leasing LLC (the “Depositor”) will purchase the Exchange Note, which represents the
2013-A Reference Pool, from the Initial Beneficiary and World Omni Automobile Lease Securitization Trust 2013-A, a Delaware statutory trust (the “Issuing Entity”), will purchase the Exchange Note, which represents the 2013-A
Reference Pool, from the Depositor. The Issuing Entity is expected to fund such purchase from proceeds of the issuance of the Notes and Certificates. 

5. Concurrently herewith, the Issuing Entity is entering into an asset-backed financing transaction pursuant to, among other agreements, an
indenture (the “Indenture”) with The Bank of New York Mellon, as indenture trustee (the “Indenture Trustee”), pursuant to which the Issuing Entity will issue asset-backed notes and will grant a security interest to
the Indenture Trustee in certain of its assets. 
 6. Concurrently herewith, the Titling Trust, the Closed-End Collateral Agent, the
Closed-End Administrative Agent, and the other Secured Parties named therein are entering into that certain Exchange Note Supplement 2013-A to the Collateral Agency Agreement (as 

 
amended, modified or supplemented from time to time, the “Exchange Note Supplement”) to supplement the terms of the Collateral Agency Agreement (i) to cause the Titling
Trustee to identify and allocate Titling Trust Assets to a particular Reference Pool (the “Reference Pool”), which shall consist of Titling Trust Assets which shall constitute Exchange Note Assets, (ii) to create and issue to
Auto Lease Finance LLC a Closed-End Exchange Note and (iii) to set forth the terms and conditions thereof. 
 7. The Titling Trust
desires to retain the Servicer to provide certain services with respect to the 2013-A Reference Pool allocated to the Closed-End Exchange Note owned by the Issuing Entity, and the parties hereto desire, pursuant to this Exchange Note Servicing
Supplement, to supplement the terms of the Closed-End Servicing Agreement insofar as they apply to the 2013-A Reference Pool, providing for specific servicing obligations that will benefit the Issuing Entity, as holder of the Closed-End Exchange
Note, and the Indenture Trustee, as the pledgee of the Closed-End Exchange Note on behalf of the Noteholders. 
 NOW THEREFORE, in
consideration of the premises and the mutual covenants herein contained and in the Closed-End Servicing Agreement, the parties hereto agree to the following supplemental obligations with regard to the Closed-End Exchange Note: 

ARTICLE XI 
 DEFINITIONS

 SECTION 11.1 DEFINITIONS. For all purposes of this Exchange Note Servicing Supplement, except as otherwise expressly provided
or unless the context otherwise requires, (a) unless otherwise defined herein, all capitalized terms used herein shall have the meanings attributed to them (i) by Appendix A to the Indenture, (ii) if not defined therein, by
Appendix A to the Collateral Agency Agreement or (iii) if not defined therein, by the Titling Trust Agreement, (b) the capitalized terms defined in this Exchange Note Servicing Supplement have the meanings assigned to them in this
Exchange Note Servicing Supplement and include (i) all genders and (ii) the plural as well as the singular, (c) all references to words such as “herein”, “hereof” and the like shall refer to this Exchange Note
Servicing Supplement as a whole and not to any particular article or section within this Exchange Note Servicing Supplement, (d) the term “include” and all variations thereon shall mean “include without limitation”, and
(e) the term “or” shall include “and/or”. 
 ARTICLE XII 

REPRESENTATIONS AND WARRANTIES OF THE SERVICER 

The Servicer represents and warrants to the Depositor, the Issuing Entity and the Indenture Trustee on behalf of the Noteholders as follows:

 SECTION 12.1 EXISTENCE AND POWER. The Servicer is a corporation duly organized, validly existing and in good standing under the
laws of the State of Florida and has all power and authority required to carry on its business as it is now conducted. The Servicer has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially
and adversely affect the business, properties, financial condition or results of operations of the Servicer, taken as a whole. 

  
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 SECTION 12.2 AUTHORIZATION AND NO CONTRAVENTION. The execution, delivery and performance
by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation,
(B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN
Collected Amounts with respect to the 2013-A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer. 

SECTION 12.3 NO CONSENT REQUIRED. No approval, authorization or other action by, or filing with, any Governmental Authority is required
in connection with the execution, delivery and performance by the Servicer of any Transaction Document, other than UCC filings and other than approvals and authorizations that have previously been obtained and filings which have previously been
made. 
 SECTION 12.4 BINDING EFFECT. Each Transaction Document to which the Servicer is a party constitutes the legal, valid and
binding obligation of the Servicer enforceable against the Servicer in accordance with its terms, except as limited by bankruptcy, insolvency, or other similar laws of general application relating to or affecting the enforcement of creditors’
rights generally and subject to general principles of equity. 
 SECTION 12.5 ACCURACY OF INFORMATION. All information heretofore
furnished by or on behalf of the Servicer in writing to the Closed-End Administrative Agent for purposes of or in connection with this Agreement or any transaction contemplated hereby is true and accurate in all material respects on and as of the
date such information was furnished (except to the extent that such furnished information relates solely to an earlier date, in which case such information is true and accurate in all material respects on and as of such earlier date). 

SECTION 12.6 NO PROCEEDINGS. There is no action, suit, proceeding or investigation pending or, to the knowledge of the Servicer,
threatened against the Servicer which, either in any one instance or in the aggregate, would result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer, or in any material impairment
of the right or ability of the Servicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer, or which would render invalid this Agreement or the Transaction Units or the obligations of
the Servicer contemplated herein, or which would materially impair the ability of the Servicer to perform under the terms of this Agreement or any other Transaction Document. 

  
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 ARTICLE XIII 

SPECIFIC REQUIREMENTS FOR 

ADMINISTRATION AND SERVICING OF THE 

REFERENCE POOL 
 SECTION
13.1 APPOINTMENT OF THE SERVICER. 
 (a) The Servicer shall manage, service and administer the Exchange Note Assets,
at its own expense and for the benefit of each holder and pledgee of the Closed-End Exchange Note, and shall make collections on the Transaction Units in accordance with its Credit and Collection Policy in effect from time to time, using the same
degree of skill and attention that the Servicer exercises with respect to all comparable retail automotive leases that it services for itself or others. 

(b) The Servicer may delegate its duties and obligations as Servicer in accordance with Section 3.5 of the
Closed-End Servicing Agreement. 
 (c) If the Servicer shall commence a legal proceeding to enforce a Transaction Unit, the
Titling Trust shall thereupon be deemed to have automatically assigned, solely for the purpose of collection, such Transaction Unit to the Servicer. If in any enforcement suit or legal proceeding it shall be held that the Servicer may not enforce a
Transaction Unit on the ground that it is not a real party in interest or a holder entitled to enforce such Transaction Unit, the Closed-End Collateral Agent shall, at the Servicer’s expense and direction, take steps to enforce such Transaction
Unit, including bringing suit in its name. 
 (d) The Servicer shall account for the Transaction Units allocated to the
2013-A Reference Pool separately from any Other Reference Pool and the Warehouse Facility Pool. 
 SECTION 13.2 SERVICER BOUND BY
CLOSED-END SERVICING AGREEMENT. 
 (a) The Servicer shall continue to be bound by all provisions of the Closed-End
Servicing Agreement with respect to the Transaction Units allocated to the 2013-A Reference Pool, including the provisions of Article VI thereof relating to the administration and servicing of Closed-End Leases; and the provisions set forth
herein shall operate either as additions to or modifications of the existing obligations of the Servicer under the Closed-End Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Exchange Note
Servicing Supplement and the Closed-End Servicing Agreement with respect to the Closed-End Exchange Note, the provisions of this Exchange Note Servicing Supplement shall prevail; provided, however, that Section 5.1(d) of
the Servicing Agreement shall at all times govern the Required Deposit Amount. 
 (b) For purposes of determining the
Servicer’s obligations with respect to the servicing of the 2013-A Reference Pool under this Exchange Note Servicing Supplement, general references in the Closed-End Servicing Agreement to: (i) a Reference Pool shall be deemed to refer
more specifically to the 2013-A Reference Pool; (ii) an Exchange Note Servicing Supplement shall be deemed to refer more specifically to this Exchange Note Servicing Supplement; and (iii) an Exchange Note Supplement shall be deemed to
refer more specifically to the Exchange Note Supplement related to the 2013-A Reference Pool. 

  
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 (c) Notwithstanding any other provision of this Exchange Note Servicing
Supplement or the Servicing Agreement, including Section 6.7 thereof, the Servicer shall not in connection with any early lease termination program terminate or permit any Closed-End Obligor to terminate any Closed-End Lease and remove
the related Closed-End Vehicle from the 2013-A Reference Pool in connection with such termination unless there shall have been deposited into the Exchange Note Collection Account an amount equal to the Securitization Value of such Closed-End Vehicle
as of the termination date of such Closed-End Lease, provided, however, that the Servicer may at any time prior to the Maturity Date of a Closed-End Lease, agree to terminate such Closed-End Lease, provided the related Closed-End
Obligor has made all remaining scheduled payments with respect to such Closed-End Lease and surrendered the related Closed-End Vehicle. 

SECTION 13.3 APPLICATION OF PROCEEDS. 

(a) Prior to the satisfaction and discharge of the Indenture with respect to the Collateral and subject to the provision of
Section 5.1(d) of the Closed-End Servicing Agreement, the Servicer shall pay an amount equal to all Closed-End Exchange Note Collections received in respect of the 2013-A Reference Pool during any Closed-End EN Collection Period into the
Exchange Note Collection Account on or prior to 2:00 p.m., New York City time, on the Business Day immediately preceding the related Closed-End Exchange Note Payment Date; provided, however, that if the Monthly Remittance Condition is
not satisfied, the Servicer will be required to deposit an amount equal to all Closed-End Exchange Note Collections into the Exchange Note Collection Account within two Business Days after receipt (including receipt of proper instructions regarding
where to allocate such payment), (it being understood that, with respect to Relinquished Vehicle Proceeds, the Servicer shall remit the Relinquished Vehicle Proceeds in accordance with Section 5.1(d) of the Closed-End Servicing
Agreement). The “Monthly Remittance Condition” shall be deemed to be satisfied if (i) World Omni is the Servicer, (ii) no Exchange Note Servicer Default has occurred and is continuing, and (iii) World Omni receives
notice from the Rating Agencies that the cessation of daily deposits will not result in a reduction or withdrawal of the then current rating of the Notes. Pending deposit into the Exchange Note Collection Account, Closed-End Exchange Note
Collections may be used by the Servicer at its own risk and for its own benefit and will not be segregated from its own funds. 

(b) After the satisfaction and discharge of the Indenture with respect to the Collateral, the Servicer shall pay an amount
equal to Closed-End Exchange Note Collections in accordance with the instructions provided from time to time by the holder of the Exchange Note. 

(c) Notwithstanding anything to the contrary contained in this Agreement, for so long as the Monthly Remittance Condition has
been satisfied, the Servicer shall be permitted to deposit into the Exchange Note Collection Account only the net amount distributable to the Issuing Entity, as holder of the Exchange Note, and to retain any reimbursement for outstanding Advances,
and Servicing Fees, on the Closed-End Exchange Note Payment Date. The Servicer shall, however, account for all Closed-End Exchange Note Collections as if all of the deposits and distributions described herein were made individually. 

  
 5 

 SECTION 13.4 SERVICER CERTIFICATE. On or before 11:00 a.m. on each Determination Date
prior to the satisfaction and discharge of the Indenture with respect to the Collateral, the Servicer shall deliver to the Indenture Trustee, the Issuing Entity, the Administrator, the Closed-End Administrative Agent, the Closed-End Collateral
Agent, the Owner Trustee and the Paying Agent a Servicer Certificate reflecting information as of the close of business of the Servicer for the immediately preceding Closed-End EN Collection Period containing the information described in
Section 8.3 of the Indenture. At the sole option of the Servicer, each Servicer Certificate may be delivered in electronic or hard copy format. 

SECTION 13.5 SERVICER FEE. Notwithstanding anything to the contrary in Section 3.9(b) of the Closed-End Servicing
Agreement, on each Closed-End Exchange Note Payment Date, the Titling Trust will cause the Closed-End Administrative Agent to pay to the Servicer in accordance with Section 13.2 of the Exchange Note Supplement, the Servicing Fee for the
immediately preceding Closed-End EN Collection Period as compensation for its services. In addition, the Servicer may retain any Supplemental Servicing Fees. The Servicer may, as long as it believes that sufficient collections will be available on
one or more future Closed-End Exchange Note Payment Dates to pay the Servicing Fee, by notice to the Closed-End Administrative Agent on or before a Closed-End Exchange Note Payment Date, elect to defer all or a portion of the Servicing Fee with
respect to the related Closed-End EN Collection Period, without interest. If the Servicer defers all of the Servicing Fee, the Servicing Fee for such related Closed-End EN Collection Period will be deemed to equal zero. 

SECTION 13.6 INSURANCE LAPSES; REPAIRS. Subject to Section 3.7(c) of the Closed-End Servicing Agreement, the Servicer shall
have no liability in the event that any Closed-End Obligor fails to maintain, in full force and effect, a physical damage insurance policy covering any Transaction Unit or naming the Titling Trust as loss payee. Without limiting the foregoing, in no
event shall the Servicer be obligated to perform or be liable for any repairs or maintenance with respect to any Transaction Unit. 

SECTION 13.7 LICENSING OF TITLING TRUST. The Servicer shall cause the Titling Trust to apply for and maintain at all times all licenses
and permits necessary to carry on the Titling Trust’s leasing business in each jurisdiction in which the Titling Trust operates, except where the failure to have any license or permit would not materially and adversely affect the business,
properties, financial condition or results of operation of the Titling Trust, taken as a whole. 
 SECTION 13.8 SERVICER ADVANCES. On
each Closed-End Exchange Note Payment Date and the Additional Class A-1 Payment Date (if applicable), the Servicer may deposit into the Exchange Note Collection Account prior to 11:00 a.m., New York City time, an advance of any shortfall in the
amounts available to make the payments in clauses (i) through (v) of Section 8.4(a) or in clauses (i) through (ii) of Section 8.4(h) of the Indenture (an
“Advance”). 
 SECTION 13.9 PAYMENT OF FEES AND EXPENSES. The Servicer shall pay all expenses incurred in connection
with the administration and servicing of the 2013-A Reference Pool and the Transaction Units, including, without limitation, expenses incurred by it in connection with its activities hereunder, including fees and disbursements of the Titling
Trustee, independent accountants, taxes imposed on the Servicer and any Titling Trustee indemnity claims. 

  
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 SECTION 13.10 ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS’ SERVICING REPORT. 

(a) On or before the 90th day following the end of each fiscal year, beginning with the fiscal year ending December 31,
2013, the Servicer shall cause a firm of independent public accountants (who may also render other services to the Servicer, the Depositor or their respective Affiliates) to furnish to the Indenture Trustee, the Servicer (who promptly shall provide
the assessment described in this Section 13.10(a) to each Rating Agency) and the Depositor each attestation report on assessments of compliance with the Servicing Criteria with respect to the Servicer or any affiliate thereof during the
related fiscal year delivered by such accountants pursuant to paragraph (c) of Rule 13a-18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. The certification required by this paragraph may be replaced by any
similar certification using other procedures or attestation standards which are now or in the future in use by servicers of comparable assets or which otherwise comply with any rule, regulation, “no action” letter or similar guidance
promulgated by the Commission. 
 (b) If the Issuing Entity is not required to file periodic reports under the Exchange Act
or any other law, the reports referred to in this section may be delivered on or before the date that is 120 days after the end of each calendar year, commencing with the calendar year ended December 31, 2014. 

(c) Deliveries pursuant to this Section 13.10 may be delivered by electronic mail. 

SECTION 13.11 ANNUAL OFFICER’S CERTIFICATE. 

(a) The Servicer will deliver to the Rating Agencies, the Issuing Entity and the Indenture Trustee on or before the 90th day
following the end of each fiscal year, beginning with the fiscal year ending December 31, 2013, an Officers’ Certificate providing such information as is required under Item 1123 of Regulation AB. 

(b) The Servicer will deliver to the Issuing Entity and the Indenture Trustee, on or before the 90th day following the end of
each fiscal year, beginning with the fiscal year ending December 31, 2013, a report regarding the Servicer’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year including disclosure of any
material instance of non-compliance identified by the Servicer, as required under paragraph (b) of Rule 13a-18, Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 

SECTION 13.12 POSTMATURITY TERM EXTENSION. Consistent with its Credit and Collection Policy, the Servicer may, in its discretion, grant
a Postmaturity Term Extension with respect to any Closed-End Lease in the 2013-A Reference Pool. If the Servicer grants a Postmaturity Term Extension with respect to a Closed-End Lease in the 2013-A Reference Pool of a total of more than five times
or more than five months in the aggregate, or to 

  
 7 

 
a date later than the last day of the thirteenth month before the legal final maturity date of the Notes, then the Servicer shall direct the Titling Trustee to reallocate the Transaction Unit
related to such Closed-End Lease from the 2013-A Reference Pool to the Warehouse Facility Pool on the Closed-End Exchange Note Payment Date following the beginning of the Closed-End EN Collection Period during which such Postmaturity Term Extension
was granted. In consideration for such reallocation, the Servicer shall make a payment to the Issuing Entity equal to the Securitization Value of such Transaction Unit as of the end of the Closed-End EN Collection Period preceding such Closed-End
Exchange Note Payment Date by depositing such amount into the Exchange Note Collection Account prior to 2:00 p.m., New York City time, on the Business Day immediately preceding such Closed-End Exchange Note Payment Date. 

SECTION 13.13 INSURANCE POLICIES; ADDITIONAL INSUREDS. The Servicer shall cause all policies of insurance required to be maintained
pursuant to Section 3.7 of the Closed-End Servicing Agreement to name the Depositor, the Issuing Entity, the Owner Trustee and the Indenture Trustee as additional insureds. 

SECTION 13.14 SECURITY DEPOSITS. In accordance with Section 5.1(d) of the Closed-End Servicing Agreement, on the Closed-End
Exchange Note Payment Date related to the Closed-End EN Collection Period in which a Security Deposit becomes a Closed-End Exchange Note Collection with respect to the 2013-A Reference Pool, the Servicer shall deposit such amounts (including, as
applicable, any Required Deposit Amount) in the Exchange Note Collection Account. 
 SECTION 13.15 ADDITIONAL CLASS A-1 SERVICER
CERTIFICATE. If the Class A-1 Note Balance is greater than zero on the Additional Class A-1 Determination Date, the Servicer shall deliver to the Indenture Trustee, the Issuing Entity, the Administrator, the Closed-End Administrative
Agent, the Closed-End Collateral Agent, the Owner Trustee and the Paying Agent on the Additional Class A-1 Determination Date a certificate with respect to the immediately preceding Closed-End EN Collection Period containing all information
necessary for each such party to make the distribution required by this Agreement and the Indenture on the Additional Class A-1 Payment Date, and all information necessary for each such party to send any related statements required under the
Transaction Documents. 
 ARTICLE XIV 

TERMINATION OF THE SERVICER 

SECTION 14.1 TERMINATION OF THE SERVICER AS TO REFERENCE POOL. 

(a) As used herein “Exchange Note Servicer Default” means the occurrence and continuance of the events set
forth in Section 8.3(a) of the Closed-End Servicing Agreement. Upon the occurrence and continuation of any Exchange Note Servicer Default, the Servicer shall provide to the Indenture Trustee, the Issuing Entity, the Administrator, the
Closed-End Collateral Agent and each Rating Agency prompt notice specifying such Exchange Note Servicer Default, together with a description of its efforts to perform its obligations. The Servicer may not resign except in accordance with
Section 8.4 of the Closed-End Servicing Agreement. 

  
 8 

 (b) If an Exchange Note Servicer Default shall have occurred and be continuing,
the Titling Trustee on behalf of the holder of the Exchange Note, shall, at the direction of the Required Related Holders, by notice given to the Servicer (who promptly shall provide such notice to each Rating Agency), the Issuing Entity, the
Indenture Trustee, the Closed-End Collateral Agent and the Administrator, terminate the rights and obligations of the Servicer under this Exchange Note Servicing Supplement and the Closed-End Servicing Agreement with respect to the Exchange Note and
the Included Units. In the event the Servicer is removed or resigns as Servicer with respect to servicing the Exchange Note Assets, the Required Related Holders shall appoint a successor Servicer. With respect to any Exchange Note Servicer Default,
the Closed-End Administrative Agent, acting on the direction of the Required Related Holders may waive any default of the Servicer. For purposes of this Section, so long as the Lien of the Indenture is in place, the “Required Related
Holders” shall be deemed to be the Indenture Trustee, acting at the direction of the Holders of not less than 66 2/3% of the Outstanding Notes and thereafter, the Issuing Entity, acting at the direction of the Majority Certificateholders.

 (c) If replaced, the Servicer agrees that it will use commercially reasonable efforts to effect the orderly and efficient
transfer of the servicing of the Transaction Units to a successor Servicer. 
 (d) Upon the effectiveness of the assumption
by the successor Servicer of its duties pursuant to this Section 14.1, the successor Servicer shall be the successor in all respects to the Servicer in its capacity as Servicer under the Closed-End Servicing Agreement with respect to the
2013-A Reference Pool, and shall be subject to all the responsibilities, duties and liabilities relating thereto, except with respect to the obligations of the predecessor Servicer that survive its termination as Servicer as set forth in
Section 14.1(e). No Servicer shall resign or be relieved of its duties under the Closed-End Servicing Agreement, as Servicer of the 2013-A Reference Pool, until a newly appointed Servicer for the 2013-A Reference Pool shall have assumed
the responsibilities and obligations of the resigning or terminated Servicer under this Exchange Note Servicing Supplement. In the event of a replacement of World Omni as Servicer, the Required Related Holders shall cause the successor Servicer to
agree to indemnify World Omni against any losses, liabilities, damages or expenses (including attorneys’ fees) as a result of the negligence or willful misconduct of such successor Servicer. The predecessor Servicer shall be entitled to receive
reimbursement for any outstanding Advances made with respect to the Transaction Units to the extent funds are available therefor in accordance with the Indenture. 

(e) No termination or resignation of the Servicer as to the 2013-A Reference Pool shall affect the obligations of the Servicer
pursuant to Section 3.3(c) of the Closed-End Servicing Agreement; provided that following the replacement of the Servicer pursuant to this Section 14.1, such Servicer shall have no duties, responsibilities or
other obligations hereunder with respect to matters arising after such replacement. 

  
 9 

 SECTION 14.2 NO EFFECT ON OTHER PARTIES. Upon any termination of the rights and powers of
the Servicer with respect to the 2013-A Reference Pool pursuant to Section 14.1 hereof, or upon any appointment of a successor Servicer with respect to the 2013-A Reference Pool, all the rights, powers, duties and obligations of the
Titling Trustees, the Initial Beneficiary and World Omni under the Titling Trust Agreement, the Closed-End Servicing Agreement, the Exchange Note Supplement, any other supplement, any other Exchange Note Servicing Supplement or any other Basic
Document shall remain unaffected by such termination or appointment and shall remain in full force and effect thereafter, except as otherwise expressly provided herein or therein. 

ARTICLE XV 
 OPTIONAL
PURCHASE OF THE CLOSED-END EXCHANGE NOTE 
 SECTION 15.1 OPTIONAL PURCHASE OF THE CLOSED-END EXCHANGE NOTE. 

(a) On the Closed-End Exchange Note Payment Date immediately following (and on each Closed-End Exchange Note Payment Date
thereafter) the last day of any Closed-End EN Collection Period as of which the aggregate Securitization Value is 10% or less of the aggregate Initial Securitization Value, the Servicer shall have the option to purchase the Closed-End Exchange Note
and direct the Issuing Entity to redeem the Notes pursuant to Section 10.1 of the Indenture (an “Optional Redemption”). To exercise such option, the Servicer shall deposit pursuant to Section 13.3 hereof in
the Exchange Note Collection Account an amount, as calculated by the Servicer, equal to the Exchange Note Balance and all accrued interest thereon up to but not including the Redemption Date (the “Exchange Note Purchase Price”), and
shall succeed to all interests in and to the Issuing Entity. Notwithstanding the foregoing, the Servicer shall not be permitted to exercise such option unless the amount to be deposited in the Exchange Note Collection Account pursuant to the
preceding sentence is greater than or equal to the sum of the Outstanding Amount of the Notes, and all accrued but unpaid interest (including any overdue interest and premium) thereon. 

(b) As described in Section 9.01(c) of the Trust Agreement, notice of any termination of the Issuing Entity shall
be given by the Servicer to the Owner Trustee, the Closed-End Collateral Agent and the Indenture Trustee as soon as practicable after the Servicer has received notice thereof. 

ARTICLE XVI 

MISCELLANEOUS 
 SECTION
16.1 AMENDMENT. 
 (a) Notwithstanding any provision of the Closed-End Servicing Agreement, the Closed-End Servicing
Agreement, as supplemented by this Exchange Note Servicing Supplement, to the extent that it deals solely with the 2013-A Reference Pool, may be amended in accordance with this Section 16.1. 

  
 10 

 (b) Any term or provision of the Closed-End Servicing Agreement or this Exchange
Note Servicing Supplement may be amended by the Servicer, without the consent of any other Person; provided that (i) any amendment that materially and adversely affects the interests of the Exchange Noteholder shall require the consent
of the Exchange Noteholder, (ii) any amendment that materially and adversely affects the interests of the Closed-End Collateral Agent shall require the consent of the Closed-End Collateral Agent, and (iii) any amendment that materially and
adversely affects the interests of the Titling Trustee shall require the prior written consent of the Titling Trustee. An amendment shall be deemed not to materially and adversely affect the interests of the Exchange Noteholder if the Rating Agency
Condition is satisfied with respect to such amendment. 
 (c) Notwithstanding the foregoing, no amendment shall reduce the
interest rate or principal amount of any Exchange Note, or delay the final scheduled payment date of any Exchange Note without the consent of the holder of such Exchange Note. 

(d) Notwithstanding anything herein to the contrary, any term or provision of this Exchange Note Servicing Supplement may be
amended by the Servicer without the consent of any of the Exchange Noteholder or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to comply with or obtain more favorable treatment under or with
respect to any law or regulation or any accounting rule or principle (whether now or in the future in effect); it being a condition to any such amendment that the Rating Agency Condition shall have been satisfied. 

(e) It shall not be necessary for the consent of any Person pursuant to this Section for such Person to approve the particular
form of any proposed amendment, but it shall be sufficient if such Person consents to the substance thereof. 
 (f) Prior to
the execution of any amendment to this Exchange Note Servicing Supplement, the Servicer shall provide each Rating Agency with written notice of the substance of such amendment. No later than 10 Business Days after the execution of any amendment to
this Exchange Note Servicing Supplement, the Servicer shall furnish a copy of such amendment to each Rating Agency, the Titling Trustee, the Closed-End Administrative Agent and the Closed-End Collateral Agent. 

(g) Prior to the execution of any amendment to this Exchange Note Servicing Supplement, the Titling Trustee and the Closed-End
Administrative Agent shall be entitled to receive upon request and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by the Closed-End Servicing Agreement or this Exchange Note
Servicing Supplement and that all conditions precedent to the execution and delivery of such amendment have been satisfied. 
 SECTION 16.2
GOVERNING LAW. THIS EXCHANGE NOTE SERVICING SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

  
 11 

 SECTION 16.3 NOTICES. The notice provisions of the Closed-End Servicing Agreement shall
apply equally to this Exchange Note Servicing Supplement. All demands, notices and communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand
delivery, any prepaid courier service, or by telecopier, and addressed in each case as follows: (a) if to the Servicer, 190 Jim Moran Blvd., Deerfield Beach, Florida 33442, Attention: Treasurer; Facsimile: (954) 429-2685; (b) if to
the Titling Trustee, 209 South LaSalle Street, Suite 300, Chicago, Illinois 60604, Attention: Patricia M. Child; Facsimile: (312) 325-8905; (c) if to the Delaware Trustee, 300 Delaware Avenue, 9th Floor, Wilmington, Delaware 19801,
Attention: Patricia M. Child; Facsimile: (312) 325-8905; (d) if to the Closed-End Administrative Agent, 300 Delaware Avenue, 9th Floor, Wilmington, Delaware 19801, Attention: Patricia M. Child; Facsimile: (312) 325-8905; (e) if
to the Collateral Agent, c/o U.S. Bank National Association, 209 South LaSalle Street, Suite 300, Chicago, Illinois 60604, Attention: Patricia M. Child; Facsimile: (312) 325-8905; or (f) if to the Closed-End Collateral Agent, c/o Lord
Securities Corporation, 48 Wall Street, 27th Floor, New York, New York 10005, Attention: World Omni Program Manager or, as to each party, at such other address as shall be designated by such party in a written notice to each other party. All notices
and demands shall be deemed to have been given upon actual receipt thereof to any officer of the Person entitled to receive such notices and demands at the address of such Person for notices hereunder. If World Omni is no longer the Servicer, the
successor Servicer shall provide any required Rating Agency notices under this Agreement to the Depositor, who promptly shall provide such notices to the Rating Agencies. 

SECTION 16.4 THIRD-PARTY BENEFICIARIES. The Issuing Entity and the Indenture Trustee, as holder and pledgee, respectively, of the
Closed-End Exchange Note, and their respective successors, permitted assigns and pledgees are third-party beneficiaries of the obligations of the parties hereto and may directly enforce the performance of any of such obligations hereunder. 

SECTION 16.5 SEVERABILITY. If one or more of the provisions of this Exchange Note Servicing Supplement shall be for any reason whatever
held invalid or unenforceable, such provisions shall be deemed severable from the remaining covenants, agreements and provisions of this Exchange Note Servicing Supplement, and such invalidity or unenforceability shall in no way affect the validity
or enforceability of such remaining covenants, agreements and provisions, or the rights of any parties hereto. To the extent permitted by law, the parties hereto waive any provision of law that renders any provision of this Exchange Note Servicing
Supplement invalid or unenforceable in any respect. 
 SECTION 16.6 BINDING EFFECT. The provisions of the Closed-End Servicing
Agreement and this Exchange Note Servicing Supplement, insofar as they relate to the 2013-A Reference Pool, shall be binding upon and inure to the benefit of the respective successors and permitted assigns of the parties hereto. 

SECTION 16.7 ARTICLE AND SECTION HEADINGS. The article and section headings herein are for convenience of reference only, and shall not
limit or otherwise affect the meaning hereof. 

  
 12 

 SECTION 16.8 EXECUTION IN COUNTERPARTS. This Exchange Note Servicing Supplement may be
executed in any number of counterparts, each of which so executed and delivered shall be deemed to be an original, but all of which shall together constitute but one and the same instrument. 

SECTION 16.9 FURTHER ASSURANCES. Each party will do such acts, and execute and deliver to any other party such additional documents or
instruments, as may be reasonably requested in order to effect the purposes of this Exchange Note Servicing Supplement and to better assure and confirm unto the requesting party its rights, powers and remedies hereunder. 

SECTION 16.10 EACH EXCHANGE NOTE SEPARATE; ASSIGNEES OF EXCHANGE NOTE. Each party hereto acknowledges and agrees (and each holder or
pledgee of the Exchange Note, by virtue of its acceptance of such Exchange Note or pledge thereof acknowledges and agrees) that (a) the Closed-End Collateral Specified Interest is a separate series of the Titling Trust as provided in
Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., (b)(i) the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Exchange Note
or the related 2013-A Reference Pool shall be enforceable against such 2013-A Reference Pool only and not against any Other Reference Pool or the Warehouse Facility Pool and (ii) the debts, liabilities, obligations and expenses incurred,
contracted for or otherwise existing with respect to any Other Exchange Note, any Other Reference Pool, or the Warehouse Facility Pool shall be enforceable against such Other Exchange Note, Other Reference Pools, or the Warehouse Facility Pool only,
as applicable, and not against the Exchange Note or any Closed-End Units included in the 2013-A Reference Pool, (c) except to the extent required by law the Closed-End Units included in the Warehouse Facility Pool or Closed-End Units included
in any Other Reference Pool with respect to any Other Exchange Note (other than the Exchange Note transferred hereunder which is related to the 2013-A Reference Pool) shall not be subject to the claims, debts, liabilities, expenses or obligations
arising from or with respect to the Exchange Note in respect of such claim, (d) (i) no creditor or holder of a claim relating to the Exchange Note or the related 2013-A Reference Pool shall be entitled to maintain any action against or
recover any assets allocated to any Other Reference Pool, the Warehouse Facility Pool or any Other Exchange Note or the assets allocated thereto (except to the extent of Closed-End EN Collected Amounts available to such Persons on a fully
subordinated basis), and (ii) no creditor or holder of a claim relating to any Other Reference Pool, the Warehouse Facility Pool or any Other Exchange Note other than the Exchange Note related to the 2013-A Reference Pool shall be entitled to
maintain any action against or recover any assets allocated to the 2013-A Reference Pool, and (e) any purchaser, assignee or pledgee of an interest in the 2013-A Reference Pool or, the Exchange Note, must, prior to or contemporaneously with the
grant of any such assignment, pledge or security interest, (i) give to the Titling Trust a non-petition covenant substantially similar to that set forth in Section 11.10 of the Titling Trust Agreement, and (ii) execute an
agreement for the benefit of each holder, assignee or pledgee from time to time of any Other Exchange Note to release all claims to the assets of the Titling Trust allocated to the Warehouse Facility Pool and each Other Reference Pool and, in the
event that such release is not given effect, to fully subordinate all claims it may be deemed to have against the assets of the Titling Trust allocated to the Warehouse Facility Pool and each Other Reference Pool. Pursuant to
Section 3.1(a) of the Intercreditor Agreement, on the date hereof, each party hereto shall enter into a Joinder Agreement to the Intercreditor Agreement as a new Interest Holder, and shall deliver an executed copy of such Joinder
Agreement to each party to the Intercreditor Agreement. 

  
 13 

 SECTION 16.11 NO PETITION. With respect to each Bankruptcy Remote Party, each party hereto
(and each holder and pledgee of the Closed-End Exchange Note, by virtue of its acceptance of such Closed-End Exchange Note or pledge thereof) agrees that, prior to the date which is one year and one day after payment in full of all obligations under
each Financing, (i) no party hereto shall authorize such Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy
Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, trustee, receiver, liquidator, custodian or other similar official with
respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against such
Bankruptcy Remote Party, or to make a general assignment for the benefit of any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) none of the parties hereto shall commence or join with any other Person in commencing
any proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. 

SECTION 16.12 SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL. Each of the parties hereto hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement or any documents executed
and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern
District of New York and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought
in such courts and waives any objection that it may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by
registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 16.3 of this Exchange Note Servicing Supplement; and 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or
shall limit the right to sue in any other jurisdiction. 

  
 14 

 SECTION 16.13 LIMITATION OF LIABILITY OF VT INC. Notwithstanding anything contained herein
to the contrary, this Exchange Note Servicing Supplement has been signed by VT Inc. not in its individual capacity but solely in its capacity as Titling Trustee and in no event shall VT Inc. in its individual capacity have any liability for the
representations, warranties, covenants, agreements or other obligations of the Titling Trust hereunder, as to all of which recourse shall be had solely to the assets of the Titling Trust. 

SECTION 16.14 INFORMATION REQUESTS. The parties hereto shall provide any information reasonably requested by the Servicer, the Issuing
Entity, the Depositor or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 

SECTION 16.15 REGULATION AB. The Servicer shall cooperate fully with the Depositor and the Issuing Entity to deliver to the Depositor
and the Issuing Entity (including any of its assignees or designees) any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Depositor or the Issuing Entity to permit the
Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer and the Transaction Units, or the servicing of the Transaction Units, reasonably believed by the Depositor to be necessary in order to
effect such compliance. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

  
 15 

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

			
	AL Holding Corp., as Closed-End Collateral Agent
		
	By:	 	 /s/ Irina Khaimova

	Name:	 	Irina Khaimova
	Title:	 	Vice President

  
 S - 1 

 
			
	World Omni Financial Corp., as Servicer
		
	By:	 	 /s/ Charles M. Einhorn

	Name:	 	Charles M. Einhorn
	Title:	 	Assistant Treasurer

  
 S - 2 

 
			
	 WORLD OMNI LT
  

By: VT Inc., not in its individual capacity but solely as Titling Trustee

		
	By:	 	 /s/ Patricia M. Child

	Name:	 	Patricia M. Child
	Title:	 	President

  
 S - 3EX-10.28

 Exhibit 10.28 
 Non-Employee Director Form 
 ASSOCIATED
MATERIALS GROUP, INC. 
 DEFERRED STOCK
UNIT AGREEMENT 
 2010 STOCK INCENTIVE PLAN

 THIS DEFERRED STOCK UNIT AGREEMENT (this “Agreement”), is made, effective as of _______, 201__
(hereinafter the “Grant Date”), by and between Associated Materials, Inc. (the “Company”), and [name of participant] (the “Participant”).  

RECITALS: 
 WHEREAS, the Company has adopted the Associated Materials Group, Inc. 2010 Stock Incentive Plan (the “Plan”), pursuant to which Other Stock-Based Awards in the form Deferred Stock
Units may be granted; 
 WHEREAS, the Compensation Committee of the Board of Directors of the Company (the
“Committee”) has determined that it is in the best interests of the Company and its stockholders to grant to the Participant an Other Stock-Based Award in the form of Deferred Stock Units as provided herein and subject to the terms
set forth herein; and 
 WHEREAS, all capitalized terms not defined in this Agreement shall have the meanings
ascribed thereto in the Plan. 
 NOW THEREFORE, for and in consideration of the premises and the covenants of the parties
contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:  

1. Grant of Deferred Stock Units. The Company hereby grants to the Participant on the Grant Date, a total of ____ Deferred Stock
Units on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. Such Deferred Stock Units shall be credited to a separate account maintained for the Participant on the books of the Company (the
“Account”). On any given date, the value of each Deferred Stock Unit credited to the Account shall equal the Fair Market Value of one Share. The Deferred Stock Units shall vest and settle in accordance with Section 3 hereof. As
a condition to the award of the Deferred Stock Units, and prior to the receipt of the DSU Shares (as defined in Section 2(b) below) on the Settlement Date, the Participant shall execute (to the extent the Participant has not already done so) a
copy of the Stockholders Agreement and to deliver the same to the Company, along with such additional documents as the Company may require. 
 2. Terms and Conditions. 
 (a) Vesting. The Deferred Stock Units
credited to the Account shall vest and become non-forfeitable [INSERT VESTING SCHEDULE], subject to the Participant’s continued Employment through each such date. Notwithstanding the foregoing, all unvested Deferred Stock Units credited to the
Account shall automatically vest upon a Change in Control if the Participant’s Employment has not been terminated prior to such Change in Control. Upon the termination of the Participant’s Employment for any reason, all unvested Deferred
Stock Units shall be automatically forfeited. 

 (b) Settlement. Upon the “Settlement Date” (as defined below), each vested
Deferred Stock Unit credited to the Account will be settled (and, upon such settlement, shall cease to be credited to the Account) by the Company (i) issuing to the Participant one Share for each whole Deferred Stock Unit credited to the
Account (such shares, the “DSU Shares”) and making a cash payment to the Participant equal to the Fair Market Value of any fractional Deferred Stock Units credited to the Account, and (ii) with respect to the DSU Shares so
issued, entering the Participant’s name as a stockholder of record on the books of the Company. For purposes of this Agreement, “Settlement Date” shall mean the earliest of (x) the date on which the Participant first
experiences a “separation from service” within the meaning of Section 409A of the Code, or (y) a Change in Control that is also a “change in control event” within the meaning of Section 409A of the Code.

 (c) Restrictions. The Deferred Stock Units granted hereunder may not be sold, pledged or otherwise transferred (other
than by will or the laws of decent and distribution) and may not be subject to lien, garnishment, attachment or other legal process. The Participant acknowledges and agrees that, with respect to the Deferred Stock Units credited to the Account, the
Participant has no voting rights with respect to the Company unless and until such Deferred Stock Units are settled in DSU Shares pursuant to Section 3(b) hereof. The DSU Shares are subject to the transfer restrictions set forth in the Plan,
the Stockholders Agreement and any transfer restrictions that may be described in the Company’s bylaws or charter in effect at the time of the contemplated transfer. 
 (d) Dividends. If on any date the Company pays any dividend with respect to its Shares (the “Payment Date”), then the number of Deferred Stock Units credited to the Account shall
on the Payment Date be increased by that number of Deferred Stock Units equal to: (i) the product of (A) the number of Deferred Stock Units in the Account as of the Payment Date and (B) the per share cash amount of such dividend (or,
in the case of a dividend payable in Shares or in property other than cash, the per share equivalent cash value of such dividend, as determined in good faith by the Committee), divided by (ii) the Fair Market Value of a Share on the Payment
Date. Each additional Deferred Stock Unit, or fraction thereof, credited to the Account in accordance with this Section 3(d) shall vest and be settled at the same time as the original Deferred Stock Units to which they are attributable.

 (e) Tax Withholding. Upon vesting of the Deferred Stock Units, the Company will be required to withhold any applicable
employment taxes due with respect to such vesting. In addition, upon the settlement of the Deferred Stock Units in accordance with Section 3(b) hereof, the Participant will recognize taxable income in respect of the Deferred Stock Units and the
Company will also be required to withhold any applicable taxes due with respect to that ordinary income. 
 (f) Rights as a
Stockholder. Upon and following the Settlement Date, the Participant shall be the record owner of the DSU Shares unless and until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a holder of
Common Stock, including, without limitation, voting rights, if any, with respect to the DSU Shares. Prior to the Settlement Date, the Participant shall not be deemed for any purpose to be the owner of the shares of Common Stock underlying the
Deferred Stock Units. 

  
 2 

 3. Securities Laws. Upon the Settlement Date, the Participant hereby makes the
following certifications and representations with respect to the DSU Shares: 
 (a) The Participant is aware that the
Participant’s investment in the Company is a speculative investment that has limited liquidity and is subject to the risk of complete loss. The Participant is able, without impairing his or her financial condition, to hold the DSU Shares for an
indefinite period and to suffer a complete loss of the Participant’s investment in the DSU Shares. 
 (b) The Participant
represents and warrants to the Company that the Participant is acquiring and will hold the DSU Shares for investment for his or her account only, and not with a view to, or for resale in connection with, any “distribution” of the DSU
Shares within the meaning of the Securities Act or the similar laws of any state or foreign jurisdiction. 
 (c) The Participant
understands that the DSU Shares have not been registered under the Securities Act, the Exchange Act, or under the similar laws of any state or foreign jurisdiction (collectively, “Applicable Securities Laws”) by reason of a specific
exemption therefrom and that the DSU Shares must be held indefinitely, unless they are subsequently registered under the Applicable Securities Laws or the Participant obtains an opinion of counsel (in form and substance satisfactory to the Company
and its counsel) that registration is not required. 
 (d) The Participant acknowledges that the Company is under no obligation
to register the DSU Shares under Applicable Securities Laws. 
 (e) The Participant is aware of the adoption of Rule 144 by the
Securities and Exchange Commission under the Securities Act, which permits limited public resales of securities acquired in a non-public offering, subject to the satisfaction of certain conditions. These conditions may include (without limitation)
that certain current public information about the issuer is available, that the resale occurs only after the holding period required by Rule 144 has been satisfied, that the sale occurs through an unsolicited “broker’s transaction”
and that the amount of securities being sold during any three-month period does not exceed specified limitations. The Participant understands that the conditions for resale set forth in Rule 144 have not been satisfied and that the Company has no
plans to satisfy these conditions in the foreseeable future. 
 (f) The Participant will not sell, transfer or otherwise dispose
of the DSU Shares in violation of the Plan, this Agreement, Applicable Securities Laws, or the rules promulgated thereunder, including Rule 144 under the Securities Act. 
 (g) The Participant acknowledges that he or she has received and had access to such information as the Participant considers necessary or appropriate for deciding whether to invest in the DSU Shares and
that the Participant had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the issuance of the DSU Shares. 
 (h) The Participant acknowledges that the DSU Shares will be subject to certain encumbrances, including, but not limited to, drag along rights in favor of certain stockholders of the Company, repurchase
rights in favor of the Company, limitations on transfer, 

  
 3 

 
and other encumbrances set forth in the Plan, this Agreement, the Stockholders Agreement, other applicable agreements and/or described in the Company’s bylaws or certificate of incorporation
in effect at such time as the Company or such other person elects to exercise its or his right. 
 (i) The Participant
acknowledges that the Participant is acquiring the DSU Shares subject to all other terms of the Plan, this Agreement and the Stockholders Agreement. 
 (j) The Participant agrees that prior to the effectiveness of the first underwritten registration of the Company’s or its Affiliate’s equity securities under the Securities Act, the Participant
will not transfer any or all of the DSU Shares unless pursuant to an exception provided in the Plan, this Agreement or the Stockholders Agreement. 
 (k) The Participant further agrees to make or enter into such other written representations, warranties and agreements as the Committee may reasonably request in order to comply with Applicable Securities
Laws or with this Agreement. 
 4. Miscellaneous. 

(a) General Assets. All amounts credited to the Account under this Agreement shall continue for all purposes to be part of the
general assets of the Company. The Participant’s interest in the Account shall make the Participant only a general, unsecured creditor of the Company. 
 (b) Notices. Any notices provided for in this Agreement or the Plan shall be given in writing and shall be delivered by hand or sent by Federal Express, certified or registered mail, return receipt
requested, postage prepaid, and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to the Participant, five (5) days after deposit in the United States mail, postage prepaid, addressed to the
Participant at the last address the Participant provided to the Company. 
 (c) Severability. The invalidity or
unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by
law. 
 (d) Bound by Plan and Stockholders Agreement. By signing this Agreement, the Participant acknowledges that
(i) the Participant has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan and (ii) the Participant has received and read the Stockholders Agreement,
(iii) the DSU Shares will be subject to the Stockholders Agreement, and (iv) if the Participant has not already done so, the Participant shall execute and return to the Company a copy of the Stockholders Agreement upon the request of the
Company. 
 (e) Beneficiary. The Participant may file with the Company a written designation of a beneficiary on such
form as may be prescribed by the Company and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall be deemed to be the
Participant’s beneficiary. 

  
 4 

 (f) Successors. The terms of this Agreement shall be binding upon and inure to the
benefit of the Company, its successors and assigns, and of the Participant and the beneficiaries, executors, administrators, heirs and successors of the Participant. 
 (g) Governing Plan Document and Entire Agreement. The Deferred Stock Units are subject to all interpretations, amendments, rules and regulations that may from time to time be promulgated and
adopted pursuant to the Plan. In the event of any conflict between the provisions of the Plan and this Agreement, the provisions of the Plan shall control. This Agreement, the Plan and the Stockholders Agreement contain the entire agreement and
understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations in respect thereto. No change, modification or waiver of any provision of this Agreement
shall be valid unless the same be in writing and signed by the parties hereto. 
 (h) Governing Law. This Agreement shall
be construed and interpreted in accordance with the laws of the State of Delaware without regard to principles of conflicts of law thereof, or principals of conflicts of laws of any other jurisdiction which could cause the application of the laws of
any jurisdiction other than the State of Delaware. 
 (i) Headings. The headings of the Sections hereof are provided for
convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement. 
 (j) Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same
instrument. 
 [SIGNATURE PAGE FOLLOWS] 

  
 5 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties
hereto. 
  

			
	ASSOCIATED MATERIALS GROUP, INC.
		
	 By
	 	  

		
	 Its
	 	  

 
			
	
	PARTICIPANT:
	
	  

	 Name:
	 	  

  
 6

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