SEC Contract Filing

Filing Date: 2023-02-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>exhibit10-4.htm
<DESCRIPTION>2023-1 SUBI SERVICING SUPPLEMENT
<TEXT>
<html>
 <head>
 <title></title>
 <!-- Licensed to: Morgan Lewis
 Document created using Broadridge PROfile 23.1.1.5115
 Copyright 1995 - 2023 Broadridge -->
 </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
 <!--PROfilePageNumberReset%LCR%1%%%-->
 <div>
 <div style="margin-bottom: 36pt; text-align: right;"><font style="font-weight: bold;">Exhibit 10.4</font><br>
 </div>
 <div style="margin-bottom: 36pt;">
 <div><br>
 </div>
 <div>
 <div style="margin-bottom: 36pt;">
 <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

 <tr>
 <td style="border-bottom: 4px double #000000; width: 100%;">
 <div>&#160;</div>
 </td>
 </tr>

 </table>
 </div>
 </div>
 </div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;">FINANCIAL SERVICES VEHICLE TRUST,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 9pt;">as Vehicle Trust,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 9pt;">and</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;">BMW MANUFACTURING L.P.,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 9pt;">as UTI Beneficiary,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 9pt;">and</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;">BMW FINANCIAL SERVICES NA, LLC,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 9pt;">as Servicer and Sponsor</div>
 <table style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z53227b647ee546a3b41c95cbbd8aa6d8" align="center" border="0" cellpadding="0" cellspacing="0">

 <tr>
 <td style="width: 100%; vertical-align: top; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;"> <br>
 </div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;">FORM OF 2023-1</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;">SERVICING SUPPLEMENT</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;">Dated as of February 15, 2023</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 9pt;"> <br>
 </div>
 </td>
 </tr>

 </table>
 <div style="margin-bottom: 12pt;"><br>
 </div>
 <div style="margin-bottom: 12pt;">
 <div><br>
 </div>
 <div>
 <div style="margin-bottom: 36pt;">
 <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

 <tr>
 <td style="border-bottom: 4px double #000000; width: 100%;">
 <div>&#160;</div>
 </td>
 </tr>

 </table>
 </div>
 </div>
 </div>
 <div><font style="text-indent: 0px; font-size: 5.03pt;" class="BRFWTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><br>
 </div>
 <div><font style="text-indent: 0px; font-size: 5.03pt;" class="BRFWTab"> <br>
 </font></div>
 <div>
 <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">
 <div>
 <div>
 <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">TABLE OF CONTENTS</div>
 <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">Page</div>
 <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"> <br>
 </div>
 </div>
 <table style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z5e14f9b60dde4343a987a8e892f4e7aa" border="0" cellpadding="4" cellspacing="0">

 <tr>
 <td style="width: 15%; vertical-align: top;">
 <div style="margin-right: 36pt; font-family: 'Times New Roman';">ARTICLE I -</div>
 </td>
 <td style="width: 70%; vertical-align: top;">
 <div style="color: #000000; font-family: 'Times New Roman';">DEFINITIONS</div>
 </td>
 <td style="width: 15%; vertical-align: top;">
 <div style="text-align: right; color: #000000; font-family: 'Times New Roman';">1</div>
 </td>
 </tr>
 <tr>
 <td style="width: 15%; vertical-align: top;">
 <div style="margin-right: 36pt; margin-left: 36pt; font-family: 'Times New Roman';">1.1.</div>
 </td>
 <td style="width: 70%; verti