SEC Contract Filing

Filing Date: 2023-09-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>7
<FILENAME>tm2325432d11_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>

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<P STYLE="border-top: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">dated as of September&nbsp;19, 2023</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VOLKSWAGEN AUTO LEASE TRUST 2023-A,</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">as Buyer</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 CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; text-transform: uppercase; text-align: left; text-indent: -1.25in; padding-left: 1.25in"><FONT STYLE="font-size: 10pt">ARTICLE&nbsp;I
 DEFINITIONS</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-transform: uppercase; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
 <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -1.25in; padding-left: 1.75in"><FONT STYLE="font-size: 10pt">SECTION&nbsp;1.1
 Certain Terms</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -1.25in; padding-left: 1.75in"><FONT STYLE="font-size: 10pt">SECTION&nbsp;1.2
 Other Definitional Provisions</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -1.25in; padding-left: 1.75in"><FONT STYLE="font-size: 10pt">SECTION&nbsp;1.3
 Other Terms</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -1.25in; padding-left: 1.75in"><FONT STYLE="font-size: 10pt">SECTION&nbsp;1.4
 Computation of Time Periods</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -1.25in; padding-left: 1.75in">&nbsp;</TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
 <TR STYLE="font-size: 10pt; vertical-align: bottom">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left; text-indent: -1.25in; padding-left: 1.25in"><FONT STYLE="font-size: 10pt">ARTICLE&nbsp;II
 PURCHASE AND CONTRIBUTION</FONT></TD>
 <TD STYLE="font: 10p