Volkswagen Auto Loan Enhanced Trust 2003-1 Sample Contracts

Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 11-25-2006 Data Current as of 12/06/2006 7:35:34 AM (December 20th, 2006)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 2-25-2006 (March 20th, 2006)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 1-28-2006 (February 21st, 2006)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 12-26-2005 (January 20th, 2006)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 11-26-2005 Data Current as of 12/7/2005 8:09:16 AM (December 20th, 2005)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 10-29-2005 Data Current as of 11/08/2005 7:36:03 AM (November 21st, 2005)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 7-30-2005 Data Current as of 08/05/2005 10:25:59 AM (August 22nd, 2005)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 6-25-2005 Data Current as of 07/15/2005 12:16:08 PM (July 20th, 2005)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 1-29-2005 Data Current as of 02/17/2005 11:55:41 AM PAGE 1 (February 22nd, 2005)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 12-26-2004 Data Current as of 01/07/2005 8:47:01 AM PAGE 1 (January 20th, 2005)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 11-27-2004 Data Current as of 12/07/2004 9:52:10 AM PAGE 1 (December 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 10-30-2004 Data Current as of 11/12/2204 11:34:53 AM PAGE 1 (November 22nd, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 9-25-2004 Data Current as of 10/13/2004 3:03:49 PM PAGE 1 (October 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 8-28-2004 PAGE 1 (September 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 7-31-2004 PAGE 1 (August 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended June 2004 PAGE 1 (July 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 Input MONTHLY SERVICER CERTIFICATE For the collection period ended 5-29-2004 Data Current as of 06 PAGE 1 (June 21st, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended 5-1-2004 PAGE 1 (May 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended March 2004 PAGE 1 (April 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended February 2004 PAGE 1 (March 22nd, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended January 2004 PAGE 1 (February 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended December 2003 PAGE 1 (January 20th, 2004)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended November 2003 PAGE 1 (December 22nd, 2003)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended October 2003 PAGE 1 (November 20th, 2003)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended September 2003 PAGE 1 (October 20th, 2003)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended August 2003 PAGE 1 (September 22nd, 2003)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended July 2003 PAGE 1 (August 21st, 2003)
Volkswagen Auto Loan Enhanced Trust 2003-1 – Volkswagen Auto Loan Enhanced Trust 2003-1 MONTHLY SERVICER CERTIFICATE For the collection period ended June 2003 PAGE 1 (July 21st, 2003)
Volkswagen Auto Loan Enhanced Trust 2003-1 – VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1 AMENDED AND RESTATED TRUST AGREEMENT between VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC, as the Depositor and DEUTSCHE BANK TRUST COMPANY DELAWARE, as the Owner Trustee Dated as of June 27, 2003 (July 3rd, 2003)

This AMENDED AND RESTATED TRUST AGREEMENT is made as of June 27, 2003 (as from time to time amended, supplemented or otherwise modified and in effect, this “Agreement”) between VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC, a Delaware limited liability company, as the Depositor (the “Seller”), and DEUTSCHE BANK TRUST COMPANY DELAWARE, a Delaware banking corporation (“Deutsche Bank”), as the owner trustee (in such capacity, the “Owner Trustee”).

Volkswagen Auto Loan Enhanced Trust 2003-1 – SALE AND SERVICING AGREEMENT by and among VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1, as Issuer VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC, as Seller VW CREDIT, INC., as Servicer and THE BANK OF NEW YORK, as Indenture Trustee Dated as of June 27, 2003 (July 3rd, 2003)

SALE AND SERVICING AGREEMENT, dated as of June 27, 2003 (as from time to time amended, supplemented or otherwise modified and in effect, this “Agreement”), by and among VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1 (the “Issuer”), a Delaware statutory trust, VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC, a Delaware limited liability company, as seller (the “Seller”), VW CREDIT, INC., a Delaware corporation (“VCI”), as servicer (in such capacity, the “Servicer”), and THE BANK OF NEW YORK, a New York banking corporation, as indenture trustee (the “Indenture Trustee”).

Volkswagen Auto Loan Enhanced Trust 2003-1 – VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1 VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC $315,000,000 1.005% Auto Loan Asset Backed Class A-1 Notes $370,000,000 1.110% Auto Loan Asset Backed Class A-2 Notes $385,000,000 1.490% Auto Loan Asset Backed Class A-3 Notes $214,173,000 1.930% Auto Loan Asset Backed Class A-4 Notes UNDERWRITING AGREEMENT (July 3rd, 2003)
Volkswagen Auto Loan Enhanced Trust 2003-1 – ADMINISTRATION AGREEMENT among VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1, as Issuer VW CREDIT, INC., as Administrator and THE BANK OF NEW YORK, as Indenture Trustee Dated as of June 27, 2003 (July 3rd, 2003)

THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of June 27, 2003, is between VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1, a Delaware statutory trust (the “Issuer”), VW CREDIT, INC., a Delaware corporation, as administrator (“VCI” or in its capacity as administrator, the “Administrator”), and THE BANK OF NEW YORK, a New York banking corporation, as indenture trustee (the “Indenture Trustee”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned such terms in Appendix A to the Sale and Servicing Agreement dated as of June 27, 2003 (the “Sale and Servicing Agreement”) by and among Volkswagen Public Auto Loan Securitization, LLC, as seller, the Issuer, VCI, as servicer, and the Indenture Trustee.

Volkswagen Auto Loan Enhanced Trust 2003-1 – PURCHASE AGREEMENT dated as of June 27, 2003 between VW CREDIT, INC. and VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC (July 3rd, 2003)

THIS PURCHASE AGREEMENT is made and entered into as of June 27, 2003 (as amended from time to time, this “Agreement”) by VW CREDIT, INC., a Delaware corporation (“VCI”), and VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC, a Delaware limited liability company (the “Purchaser”).

Volkswagen Auto Loan Enhanced Trust 2003-1 – The Bank of New York, as the Indenture Trustee (July 3rd, 2003)

This INDENTURE, dated as of June 27, 2003 (as amended, modified or supplemented from time to time, this “Indenture”), is between VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1, a Delaware statutory trust (the “Issuer”), and THE BANK OF NEW YORK, a New York banking corporation, solely as trustee and not in its individual capacity (the “Indenture Trustee”).

Volkswagen Auto Loan Enhanced Trust 2003-1 – MAYER, BROWN, ROWE & MAW (June 27th, 2003)

We have acted as special counsel to VW Credit, Inc., a Delaware corporation (“VCI”), Volkswagen Public Auto Loan Securitization, LLC, a Delaware limited liability company (the “Seller”), and Volkswagen Auto Loan Enhanced Trust 2003-1, a Delaware statutory trust (the “Issuer”; and together with VCI and the Seller, the “Volkswagen Entities”), in connection with the execution and delivery of the documents listed in Part I below related to the issuance and sale by the Issuer of the Class A Notes.