Material Agreement (Form 8-K)

On July 22, 2025, CNH Equipment Trust 2025-B (the "Trust") publicly issued $187,000,000 of Class A-1 Asset Backed Notes (the "Class A-1 Notes"), $220,400,000 of Class A-2a Asset Backed Notes and $100,000,000 of Class A-2b Notes (together, the "Class A-2 Notes"), $320,400,000 of Class A-3 Asset Backed Notes (the "Class A-3 Notes"), and $64,250,000 of Class A-4 Asset Backed Notes (the "Class A-4 Notes" and together with the Class A-1 Notes, the Class A-2 Notes, and the Class A-3 Notes, the "Notes") pursuant to the registration statement filed with the Securities and Exchange Commission on Form SF-3 (File No. 333-262954), effective on April 19, 2022.

The lead managers for the issuance of the Notes are Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Rabo Securities USA, Inc. and SG Americas Securities, LLC (the "Representatives"). In connection with the offering described above, as described in the Prospectus dated July 16, 2025 (the "Prospectus") which was filed with the Securities and Exchange Commission pursuant to its Rule 424(b)(5), the Registrant is filing the final forms of the agreements listed below under exhibits (the "Transaction Documents"). The Transaction Documents are described more fully in the Prospectus.