0000930413-15-003136 Sample Contracts

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SALE AND SERVICING AGREEMENT by and among USAA AUTO OWNER TRUST 2015-1 as Issuer USAA ACCEPTANCE, LLC, as Seller USAA FEDERAL SAVINGS BANK, as Servicer and as Indenture Trustee Dated as of July 29, 2015
Sale and Servicing Agreement • July 23rd, 2015 • USAA Auto Owner Trust 2015-1 • Asset-backed securities • New York

SALE AND SERVICING AGREEMENT, dated as of July 29, 2015 (together with all exhibits, schedules and appendices hereto and as from time to time amended, supplemented or otherwise modified and in effect, this “Agreement”), by and among USAA AUTO OWNER TRUST 2015-1 (the “Issuer”), a Delaware statutory trust, USAA ACCEPTANCE, LLC, a Delaware limited liability company, as seller (the “Seller”), USAA FEDERAL SAVINGS BANK, a federally chartered savings association (the “Bank”), as servicer (in such capacity, the “Servicer”) and as custodian, and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”).

USAA FEDERAL SAVINGS BANK (SELLER AND SERVICER) USAA ACCEPTANCE, LLC (DEPOSITOR) UNDERWRITING AGREEMENT
Underwriting Agreement • July 23rd, 2015 • USAA Auto Owner Trust 2015-1 • Asset-backed securities • New York

USAA Acceptance, LLC, a Delaware limited liability company (the “Depositor”), is the Depositor of a Delaware statutory trust, USAA Auto Owner Trust 2015-1 (the “Issuer”), pursuant to an amended and restated trust agreement to be dated as of July 29, 2015 (the “Trust Agreement”), between the Depositor and Wells Fargo Delaware Trust Company, National Association, as owner trustee (the “Owner Trustee”), which will issue (i) $155,000,000 principal amount of its Class A-1 0.38000% Auto Loan Asset Backed Notes (the “Class A-1 Notes”), (ii) $140,000,000 principal amount of its Class A-2 0.82% Auto Loan Asset Backed Notes (the “Class A-2 Notes”), (iii) $122,000,000 principal amount of its Class A-3 1.20% Auto Loan Asset Backed Notes (the “Class A-3 Notes”), (iv) $74,180,000 principal amount of its Class A-4 1.54%

ADMINISTRATION AGREEMENT between USAA AUTO OWNER TRUST 2015-1, as Issuer
Administration Agreement • July 23rd, 2015 • USAA Auto Owner Trust 2015-1 • Asset-backed securities • New York

THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of July 29, 2015, is between USAA AUTO OWNER Trust 2015-1, a Delaware statutory trust (the “Issuer”), and USAA FEDERAL SAVINGS BANK, a federally chartered savings association, as administrator (the “Bank” or in its capacity as administrator, the “Administrator”). 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 July 29, 2015 (the “Sale and Servicing Agreement”) by and among USAA Acceptance, LLC, as seller, the Issuer, the Bank, as servicer, and the Indenture Trustee.

PURCHASE AGREEMENT
Purchase Agreement • July 23rd, 2015 • USAA Auto Owner Trust 2015-1 • Asset-backed securities • New York

THIS PURCHASE AGREEMENT is made and entered into as of July 29, 2015 (as amended from time to time, this “Agreement”) by USAA FEDERAL SAVINGS BANK, a federally chartered savings association (the “Bank”), and USAA ACCEPTANCE, LLC, a Delaware limited liability company (the “Purchaser”).

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