Material Agreement (Form 8-K)

ITEM 1.01. Entry into a Material Definitive Agreement.

In connection with the issuance and sale of a portion of the Class A-1, Class A-2-A, Class A-2-B, Class A-3, Class A-4, Class B, and Class C (collectively, the "Notes") described in the Final Prospectus dated November 5, 2025, and which were issued on November 12, 2025 (the "Closing Date"), the Registrant is filing the following documents, each of which is dated the Closing Date.

1. Receivables Purchase Agreement, between Hyundai ABS Funding, LLC ("HABS") and HCA, pursuant to which HCA transferred to HABS certain retail installment sale contracts relating to certain new and used automobiles, light-duty trucks and minivans (the "Receivables") and related property.

2. Amended and Restated Trust Agreement, by and among HABS, U.S. Bank Trust National Association (the "Owner Trustee") and HCA which amended and restated the Trust Agreement, dated as of July 15, 2025, pursuant to which Hyundai Auto Receivables Trust 2025-D (the "Trust") was created.

3. Sale and Servicing Agreement, by and among the Trust, HABS, as depositor, HCA, as seller and servicer, and Citibank, N.A. (the "Indenture Trustee"), pursuant to which the Receivables and related property were transferred to the Trust.

4. Indenture, by and between the Trust and the Indenture Trustee, pursuant to which the Notes were issued.

5. Owner Trust Administration Agreement, by and among the Trust, HCA, as administrator and the Indenture Trustee, relating to the provision by HCA of certain services relating to the Notes.

6. Asset Representations Review Agreement among the Trust, HCA, as servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer, relating to the review of certain representations relating to the Receivables.

The Notes have been registered pursuant to the Securities Act of 1933, as amended, under a Registration Statement on Form SF-3 (Commission File No. 333-284087).

Attached as Exhibit 4.1 is the form of Indenture, as Exhibit 10.1 is the form of Receivables Purchase Agreement, as Exhibit 10.2 is the form of Sale and Servicing Agreement, as Exhibit 10.3 is the form of Owner Trust Administration Agreement, as Exhibit 10.4 is the form of Amended and Restated Trust Agreement, as Exhibit 10.5 is the form of Asset Representations Review Agreement.