SEC Contract Filing

Filing Date: 2025-03-26

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>tm258669d17_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.4</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>EXECUTION VERSION</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2025-1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDED AND RESTATED<BR>
TRUST AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>between</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING,
LLC,<BR>
as the Seller</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>and</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>U.S.
BANK TRUST NATIONAL ASSOCIATION,</B></FONT><B><BR>
as the Owner Trustee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Dated as of March&nbsp;25, 2025</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Page</B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;I DEFINITIONS</FONT> </TD>
 <TD STYLE="padding-top: 1pt; text-align: right; padding-bottom: 1pt">1</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 1pt; padding-left: 0.375in; width: 18%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">SECTION&nbsp;1.1.</FONT></TD>
 <TD STYLE="padding-top: 1pt; width: 77%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Capitalized Terms</FONT></TD>
 <TD STYLE="padding-top: 1pt; text-align: right; width: 5%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 1pt; padding-left: 0.375in; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">SECTION&nbsp;1.2.</FONT></TD>
 <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Other Interpretive Provisions</FONT></TD>
 <TD STYLE="padding-top: 1pt; text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">ARTICLE&nbsp;II ORGANIZATION</FONT> </TD>
 <TD STYLE="padding-top: 1pt; text-align: right; padding-bottom: 1pt">2</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 1pt; padding-left: 0.375in; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">SECTION&nbsp;2.1.</FONT></TD>
 <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Name</FONT></TD>
 <TD STYLE="padding-top: 1pt; text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 1pt; padding-left: 0.375in; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">SECTION&nbsp;2.2.</FONT></TD>
 <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Office</FONT></TD>
 <TD STYLE="padding-top: 1pt; text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 1pt; padding-left: 0.375in; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">SECTION&nbsp;2.3.</FONT></TD>
 <TD STYLE="padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Purposes and Powers</FONT></TD>
 <TD STYLE="padding-top: 1pt; text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 1pt; padding-left: 0.375in; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">SECTION&nbsp;2.4.</FONT></TD>
 <TD STYLE="padding-top: 1pt; paddi