ISSUER ADMINISTRATION AGREEMENT
BMW AUTO LEASING LLC
BMW VEHICLE LEASE TRUST 2026-2,
as Issuer,
BMW FINANCIAL SERVICES NA, LLC,
as Administrator,
BMW AUTO LEASING LLC,
as Transferor,
and
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,
as Indenture Trustee
FORM OF ISSUER ADMINISTRATION AGREEMENT
Dated as of October 14, 2026
TABLE OF CONTENTS
Page
| 1.1. | Capitalized Terms; Interpretive Provisions. | 1 |
| 1.2. | Duties of the Administrator. | 2 |
| 1.3. | Records | 8 |
| 1.4. | Compensation | 8 |
| 1.5. | Additional Information to be Furnished to the Issuer | 8 |
| 1.6. | Independence of the Administrator | 8 |
| 1.7. | No Joint Venture | 8 |
…