SEC Contract Filing

Filing Date: 2025-03-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>9
<FILENAME>tm257213d12_ex10-4.htm
<DESCRIPTION>EXCHANGE NOTE SERVICING SUPPLEMENT 2025-A TO CLOSED-END SERVICING AGREEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.4</B></P>

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

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="text-transform: uppercase"><B>World
Omni Financial Corp.</B></FONT><B>,</B></P>

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

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="text-transform: uppercase"><B>WORLD
OMNI LT</B></FONT><B>,</B></P>

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

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

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="text-transform: uppercase"><B>AL
Holding Corp.</B></FONT><B>, <BR> as Closed-End Collateral Agent</B></P>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="text-transform: uppercase"><B>Exchange
Note Servicing Supplement</B></FONT><B> 2025-A TO <BR> CLOSED-END SERVICING AGREEMENT</B></P>

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Dated as of March&nbsp;12,
2025</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</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><U>Table
of Contents</U></B></FONT></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: right"><B><U>Page</U></B></P>

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 <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&nbsp;XI
 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DEFINITIONS</FONT></B></TD>
 <TD STYLE="text-align: right"><B>2</B></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in; text-align: justify; width: 18%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Section&nbsp;11.1</FONT></TD>
 <TD STYLE="text-align: justify; width: 79%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DEFINITIONS</FONT></TD>
 <TD STYLE="text-align: right; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in; text-align: justify">&nbsp;</TD>
 <TD STYLE="text-align: justify">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&nbsp;XII
 </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REPRESENTATIONS AND WARRANTIES OF THE SERVICER</FONT></B></TD>
 <TD STYLE="text-align: right"><B>2</B></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="padding-left: 0.375in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase