Porsche Innovative Lease Owner Trust 2026-1 Sample Contracts

SUBI TRANSFER AGREEMENT dated as of June 12, 2026 between PORSCHE AUTO FUNDING LLC, as Seller and PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer
Subi Transfer Agreement • June 12th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS SUBI TRANSFER AGREEMENT (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) is made and entered into as of June 12, 2026 by PORSCHE AUTO FUNDING LLC, a Delaware limited liability company (the “Seller”), and PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, a Delaware statutory trust (the “Issuer”).

PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1 AMENDED AND RESTATED TRUST AGREEMENT between PORSCHE AUTO FUNDING LLC, as the Depositor, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as the Owner Trustee Dated as of June 12, 2026
Trust Agreement • June 8th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • Delaware

This AMENDED AND RESTATED TRUST AGREEMENT is made as of June 12, 2026 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) between PORSCHE AUTO FUNDING LLC, a Delaware limited liability company, as the depositor (the “Depositor”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association (“Wilmington”), as the owner trustee (in such capacity, the “Owner Trustee”).

SECURITIES ACCOUNT CONTROL AGREEMENT among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer, PORSCHE FINANCIAL SERVICES, INC., as Servicer, and Dated as of June 12, 2026
Securities Account Control Agreement • June 12th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

SECURITIES ACCOUNT CONTROL AGREEMENT (this “Agreement”), dated as of June 12, 2026, among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer (the “Issuer”), PORSCHE FINANCIAL SERVICES, INC., as Servicer (the “Servicer”), U.S. BANK NATIONAL ASSOCIATION, as Securities Intermediary (the “Securities Intermediary”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity, but solely in its capacity as Indenture Trustee (the “Secured Party”).

ADMINISTRATION AGREEMENT among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer, PORSCHE FINANCIAL SERVICES, INC., as Administrator and as Indenture Trustee Dated as of June 12, 2026
Administration Agreement • June 8th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS ADMINISTRATION AGREEMENT (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) dated as of June 12, 2026, is among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, a Delaware statutory trust (the “Issuer”), PORSCHE FINANCIAL SERVICES, INC., a Delaware corporation, as administrator (“PFS” or, in its capacity as administrator, the “Administrator”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”).

ASSET REPRESENTATIONS REVIEW AGREEMENT among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer, PORSCHE FINANCIAL SERVICES, INC., as Sponsor and Servicer and CLAYTON FIXED INCOME SERVICES LLC, as Asset Representations Reviewer Dated as of June...
Asset Representations Review Agreement • June 12th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

ASSET REPRESENTATIONS REVIEW AGREEMENT, dated as of June 12, 2026 (this “Agreement”), among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, a Delaware statutory trust, as Issuer (the “Issuer”), PORSCHE FINANCIAL SERVICES, INC., a Delaware corporation (“PFS”), as Sponsor (in such capacity, the “Sponsor”) and Servicer (in such capacity, the “Servicer”), and CLAYTON FIXED INCOME SERVICES LLC, a Delaware limited liability company (“Clayton”), as Asset Representations Reviewer (the “Asset Representations Reviewer”).

SUBI SALE AGREEMENT dated as of June 12, 2026 between PORSCHE FUNDING LIMITED PARTNERSHIP, as Seller and PORSCHE AUTO FUNDING LLC, as Buyer
Sale Agreement • June 12th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS SUBI SALE AGREEMENT is made and entered into as of June 12, 2026 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) by PORSCHE FUNDING LIMITED PARTNERSHIP, a Delaware limited partnership (the “Seller”), and PORSCHE AUTO FUNDING LLC, a Delaware limited liability company (the “Buyer”).

TRANSACTION SUBI SUPPLEMENT 2026-1 TO AMENDED AND RESTATED SERVICING AGREEMENT by and among PORSCHE LEASING LTD., as Origination Trust WILMINGTON TRUST COMPANY, as Origination Trustee and PORSCHE FINANCIAL SERVICES, INC., as Servicer Dated as of June...
Servicing Agreement • June 12th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS TRANSACTION SUBI SUPPLEMENT 2026-1 TO AMENDED AND RESTATED SERVICING AGREEMENT (as amended, restated, supplemented or modified and in effect from time to time, the “Transaction SUBI Servicing Supplement”), dated as of June 12, 2026, is among PORSCHE LEASING LTD., a Delaware statutory trust (the “Origination Trust”), WILMINGTON TRUST COMPANY, a Delaware corporation, not in its individual capacity but solely as Origination Trustee (hereinafter, together with its successors and assigns, the “Origination Trustee”) of the Origination Trust and PORSCHE FINANCIAL SERVICES, INC., a Delaware corporation (formerly known as Porsche Credit Corporation), as Servicer (“PFS” or, in its capacity as servicer, together with its successors and assigns, the “Servicer”).

ADMINISTRATION AGREEMENT among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer, PORSCHE FINANCIAL SERVICES, INC., as Administrator and as Indenture Trustee Dated as of June 12, 2026
Administration Agreement • June 12th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS ADMINISTRATION AGREEMENT (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) dated as of June 12, 2026, is among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, a Delaware statutory trust (the “Issuer”), PORSCHE FINANCIAL SERVICES, INC., a Delaware corporation, as administrator (“PFS” or, in its capacity as administrator, the “Administrator”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”).

TRANSACTION SUBI SUPPLEMENT 2026-1 TO AMENDED AND RESTATED SERVICING AGREEMENT by and among PORSCHE LEASING LTD., as Origination Trust WILMINGTON TRUST COMPANY, as Origination Trustee and PORSCHE FINANCIAL SERVICES, INC., as Servicer Dated as of June...
Servicing Agreement • June 8th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS TRANSACTION SUBI SUPPLEMENT 2026-1 TO AMENDED AND RESTATED SERVICING AGREEMENT (as amended, restated, supplemented or modified and in effect from time to time, the “Transaction SUBI Servicing Supplement”), dated as of June 12, 2026, is among PORSCHE LEASING LTD., a Delaware statutory trust (the “Origination Trust”), WILMINGTON TRUST COMPANY, a Delaware corporation, not in its individual capacity but solely as Origination Trustee (hereinafter, together with its successors and assigns, the “Origination Trustee”) of the Origination Trust and PORSCHE FINANCIAL SERVICES, INC., a Delaware corporation (formerly known as Porsche Credit Corporation), as Servicer (“PFS” or, in its capacity as servicer, together with its successors and assigns, the “Servicer”).

PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1 AMENDED AND RESTATED TRUST AGREEMENT between PORSCHE AUTO FUNDING LLC, as the Depositor, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as the Owner Trustee Dated as of June 12, 2026
Trust Agreement • June 12th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • Delaware

This AMENDED AND RESTATED TRUST AGREEMENT is made as of June 12, 2026 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) between PORSCHE AUTO FUNDING LLC, a Delaware limited liability company, as the depositor (the “Depositor”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association (“Wilmington”), as the owner trustee (in such capacity, the “Owner Trustee”).

SUBI SALE AGREEMENT dated as of June 12, 2026 between PORSCHE FUNDING LIMITED PARTNERSHIP, as Seller and PORSCHE AUTO FUNDING LLC, as Buyer
Sale Agreement • June 8th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS SUBI SALE AGREEMENT is made and entered into as of June 12, 2026 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) by PORSCHE FUNDING LIMITED PARTNERSHIP, a Delaware limited partnership (the “Seller”), and PORSCHE AUTO FUNDING LLC, a Delaware limited liability company (the “Buyer”).

SECURITIES ACCOUNT CONTROL AGREEMENT among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer, PORSCHE FINANCIAL SERVICES, INC., as Servicer, and Dated as of June 12, 2026
Securities Account Control Agreement • June 8th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

SECURITIES ACCOUNT CONTROL AGREEMENT (this “Agreement”), dated as of June 12, 2026, among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer (the “Issuer”), PORSCHE FINANCIAL SERVICES, INC., as Servicer (the “Servicer”), U.S. BANK NATIONAL ASSOCIATION, as Securities Intermediary (the “Securities Intermediary”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity, but solely in its capacity as Indenture Trustee (the “Secured Party”).

SUBI TRANSFER AGREEMENT dated as of June 12, 2026 between PORSCHE AUTO FUNDING LLC, as Seller and PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer
Subi Transfer Agreement • June 8th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

THIS SUBI TRANSFER AGREEMENT (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) is made and entered into as of June 12, 2026 by PORSCHE AUTO FUNDING LLC, a Delaware limited liability company (the “Seller”), and PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, a Delaware statutory trust (the “Issuer”).

ASSET REPRESENTATIONS REVIEW AGREEMENT among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, as Issuer, PORSCHE FINANCIAL SERVICES, INC., as Sponsor and Servicer and CLAYTON FIXED INCOME SERVICES LLC, as Asset Representations Reviewer Dated as of June...
Asset Representations Review Agreement • June 8th, 2026 • Porsche Innovative Lease Owner Trust 2026-1 • Asset-backed securities • New York

ASSET REPRESENTATIONS REVIEW AGREEMENT, dated as of June 12, 2026 (this “Agreement”), among PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1, a Delaware statutory trust, as Issuer (the “Issuer”), PORSCHE FINANCIAL SERVICES, INC., a Delaware corporation (“PFS”), as Sponsor (in such capacity, the “Sponsor”) and Servicer (in such capacity, the “Servicer”), and CLAYTON FIXED INCOME SERVICES LLC, a Delaware limited liability company (“Clayton”), as Asset Representations Reviewer (the “Asset Representations Reviewer”).