0001193125-14-379042 Sample Contracts

ALLY AUTO RECEIVABLES TRUST 2014-SN2 TRUST AGREEMENT BETWEEN ALLY AUTO ASSETS LLC DEPOSITOR AND DEUTSCHE BANK TRUST COMPANY DELAWARE AART OWNER TRUSTEE DATED AS OF OCTOBER 22, 2014
Trust Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • Delaware

TRUST AGREEMENT, dated as of October 22, 2014, between ALLY AUTO ASSETS LLC, a Delaware limited liability company, in its capacity as depositor (the “Depositor”), and DEUTSCHE BANK TRUST COMPANY DELAWARE, a Delaware banking corporation, as trustee and not in its individual capacity (the “AART Owner Trustee”).

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ADMINISTRATION AGREEMENT AMONG ALLY FINANCIAL INC. ADMINISTRATOR ALLY AUTO ASSETS LLC DEPOSITOR AND ALLY AUTO RECEIVABLES TRUST 2014-SN2 ISSUING ENTITY DATED AS OF OCTOBER 22, 2014
Administration Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • New York

THIS ADMINISTRATION AGREEMENT is made as of October 22, 2014 by and among ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial”, which, in its capacity as administrator under this Agreement, is referred to as the “Administrator”), ALLY AUTO ASSETS LLC, a Delaware limited liability company (together with its successors and assigns the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 2014-SN2, a Delaware statutory trust (the “Issuing Entity”).

POOLING AGREEMENT BETWEEN ALLY AUTO ASSETS LLC AND ALLY BANK DATED AS OF OCTOBER 22, 2014
Pooling Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • New York

THIS POOLING AGREEMENT, dated as of October 22, 2014, is between ALLY AUTO ASSETS LLC, a Delaware limited liability company (together with its successors and assigns, “Ally Auto”), and ALLY BANK, a Utah chartered bank (the “Seller”).

ACOLT 2014-SN2 SALE AND CONTRIBUTION AGREEMENT BETWEEN ALLY BANK, as Seller AND ALLY CENTRAL ORIGINATING LEASE TRUST DATED AS OF OCTOBER 22, 2014
Sale and Contribution Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • New York

THIS ACOLT 2014-SN2 SALE AND CONTRIBUTION AGREEMENT, dated as of October 22, 2014 (this “Sale and Contribution Agreement” or this “Agreement”), between ALLY CENTRAL ORIGINATING LEASE TRUST, a Delaware statutory trust (“ACOLT”), and ALLY BANK, a Utah chartered bank (“Ally Bank” and, in its capacity as seller of the Lease Assets, “Seller”).

TRUST SALE AGREEMENT BETWEEN ALLY AUTO ASSETS LLC DEPOSITOR AND ALLY AUTO RECEIVABLES TRUST 2014-SN2 ISSUING ENTITY DATED AS OF OCTOBER 22, 2014
Trust Sale Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • New York

THIS TRUST SALE AGREEMENT is made as of October 22, 2014 by and between ALLY AUTO ASSETS LLC, a Delaware limited liability company (together with its successors and assigns the “Depositor”), and ALLY AUTO RECEIVABLES TRUST 2014-SN2, a Delaware statutory trust (the “Issuing Entity”).

VAULT PLEDGE AND SECURITY AGREEMENT
Vault Pledge and Security Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • New York

THIS VAULT PLEDGE AND SECURITY AGREEMENT (this “Agreement”), dated as of October 22, 2014, by VEHICLE ASSET UNIVERSAL LEASING TRUST (“VAULT”), as Pledgor (the “Pledgor”), on behalf of and acknowledged by ALLY CENTRAL ORIGINATING LEASE TRUST (“ACOLT”) and in favor of any Secured Noteholder (each Secured Noteholder, a “Pledgee” and together, the “Pledgees”).

ACOLT 2014-SN2 SERVICING AGREEMENT BETWEEN ALLY CENTRAL ORIGINATING LEASE TRUST AND ALLY FINANCIAL INC., AS SERVICER AND CUSTODIAN DATED AS OF OCTOBER 22, 2014
Servicing Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • New York

THIS ACOLT 2014-SN2 SERVICING AGREEMENT, dated as of October 22, 2014 (this “Servicing Agreement” or this “Agreement”), between ALLY CENTRAL ORIGINATING LEASE TRUST, a Delaware statutory trust (“ACOLT”), and ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial”), as servicer (the “Servicer”) and custodian (the “Custodian”).

ACOLT 2014-SN2 PULL AHEAD FUNDING AGREEMENT AMONG ALLY CENTRAL ORIGINATING LEASE TRUST, ALLY FINANCIAL INC., AS AGENT ON BEHALF OF THE LEASE OEMS AND CITIBANK, N.A., AS ACOLT INDENTURE TRUSTEE DATED AS OF OCTOBER 22, 2014
Ahead Funding Agreement • October 23rd, 2014 • Ally Auto Assets LLC • Asset-backed securities • New York

THIS ACOLT 2014-SN2 PULL AHEAD FUNDING AGREEMENT, dated as of October 22, 2014, among ALLY CENTRAL ORIGINATING LEASE TRUST, a Delaware statutory trust (“ACOLT”), ALLY FINANCIAL INC., a Delaware corporation (“Ally Financial”), as agent on behalf of each Lease OEM, and CITIBANK, N.A., a national banking association, as ACOLT Indenture Trustee (the “ACOLT Indenture Trustee”).

ALLY CENTRAL ORIGINATING LEASE TRUST ACOLT 2014-SN2 SUPPLEMENT TO DECLARATION OF TRUST Between ALLY CENTRAL ORIGINATING LEASE LLC as Residual Certificateholder and DEUTSCHE BANK TRUST COMPANY DELAWARE, as ACOLT Owner Trustee Dated as of October 22, 2014
Ally Auto Assets LLC • October 23rd, 2014 • Asset-backed securities • Delaware

THIS ACOLT 2014-SN2 SUPPLEMENT TO DECLARATION OF TRUST (as amended, modified or supplemented from time to time, the “ACOLT Series Supplement”), is dated and effective as of October 22, 2014 between ALLY CENTRAL ORIGINATING LEASE LLC, a Delaware limited liability company (“ACOL LLC”), as the holder of the residual interest in Ally Central Originating Lease Trust (the “Trust”) (in such capacity, the “Residual Certificateholder”), and DEUTSCHE BANK TRUST COMPANY DELAWARE, as ACOLT Owner Trustee (in such capacity, together with any successor or permitted assign, the “ACOLT Owner Trustee”).

ALLY CENTRAL ORIGINATING LEASE LLC
Ally Auto Assets LLC • October 23rd, 2014 • Asset-backed securities

Re: Transfer Direction re Beneficial Interest in Applicable Trust Estate and Notice of Allocation of Lease Assets to Series 2014-SN2

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