Document:

EX-10.2

 Exhibit 10.2 
  

 
  
  

PURCHASE AGREEMENT 
 dated
as of September 20, 2017 
 between 

FIFTH THIRD HOLDINGS, LLC 

and 
 FIFTH THIRD HOLDINGS
FUNDING, LLC 
  
  

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	 ARTICLE I
	  	 DEFINITIONS AND USAGE
	  	 	1	 
				
		 	 SECTION 1.1
	  	 Definitions
	  	 	1	 
				
		 	 SECTION 1.2
	  	 Other Interpretive Provisions
	  	 	1	 
			
	 ARTICLE II
	  	 PURCHASE
	  	 	2	 
				
		 	 SECTION 2.1
	  	 Agreement to Sell and Contribute on the Closing Date
	  	 	2	 
				
		 	 SECTION 2.2
	  	 Consideration and Payment
	  	 	2	 
			
	 ARTICLE III
	  	 REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	2	 
				
		 	 SECTION 3.1
	  	 Representations and Warranties of FTH LLC
	  	 	2	 
				
		 	 SECTION 3.2
	  	 Protection of Title
	  	 	3	 
				
		 	 SECTION 3.3
	  	 Other Liens or Interests
	  	 	4	 
				
		 	 SECTION 3.4
	  	 Perfection Representations, Warranties and Covenants
	  	 	4	 
				
		 	 SECTION 3.5
	  	 Compliance with the FDIC Rule
	  	 	5	 
				
		 	 SECTION 3.6
	  	 Merger or Consolidation of, or Assumption of the Obligations of, FTH LLC
	  	 	5	 
				
		 	 SECTION 3.7
	  	 FTH LLC May Own Notes
	  	 	5	 
			
	 ARTICLE IV
	  	 MISCELLANEOUS
	  	 	5	 
				
		 	 SECTION 4.1
	  	 Transfers Intended as Sale; Security Interest
	  	 	5	 
				
		 	 SECTION 4.2
	  	 Notices, Etc
	  	 	6	 
				
		 	 SECTION 4.3
	  	 Choice of Law
	  	 	7	 
				
		 	 SECTION 4.4
	  	 Headings
	  	 	7	 
				
		 	 SECTION 4.5
	  	 Counterparts
	  	 	7	 
				
		 	 SECTION 4.6
	  	 Amendment
	  	 	7	 
				
		 	 SECTION 4.7
	  	 Waivers
	  	 	8	 
				
		 	 SECTION 4.8
	  	 Entire Agreement
	  	 	8	 
				
		 	 SECTION 4.9
	  	 Severability of Provisions
	  	 	8	 
				
		 	 SECTION 4.10
	  	 Binding Effect
	  	 	9	 
				
		 	 SECTION 4.11
	  	 Acknowledgment and Agreement
	  	 	9	 
				
		 	 SECTION 4.12
	  	 Cumulative Remedies
	  	 	9	 
				
		 	 SECTION 4.13
	  	 Nonpetition Covenant
	  	 	9	 
				
		 	 SECTION 4.14
	  	 Submission to Jurisdiction; Waiver of Jury Trial
	  	 	9	 
				
		 	 SECTION 4.15
	  	 Information Requests
	  	 	10	 

  
 i 

 EXHIBITS 
  

			
	Exhibit A	    	         Form of Assignment Pursuant to Purchase
Agreement

	Schedule I	    	         Perfection Representations, Warranties and
Covenants

  
 ii 

 This PURCHASE AGREEMENT is made and entered into as of September 20, 2017
(as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”) by FIFTH THIRD HOLDINGS, LLC, a Delaware limited liability company (“FTH LLC”), and FIFTH THIRD HOLDINGS
FUNDING, LLC, a Delaware limited liability company (the “Purchaser”). 
 WITNESSETH: 

WHEREAS, the Purchaser desires to purchase from FTH LLC a portfolio of motor vehicle receivables, including motor vehicle
retail installment sale contracts and/or installment loans that are secured by new and used automobiles, light-duty trucks, vans and other motor vehicles; and 

WHEREAS, FTH LLC is willing to sell such portfolio of motor vehicle receivables and related property to the Purchaser on the
terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements set forth herein, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS AND USAGE 

SECTION 1.1      Definitions.  Except as otherwise defined herein or as the
context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Appendix A to the Sale Agreement, dated as of the date hereof (as from time to time amended, supplemented or otherwise
modified and in effect, the “Sale Agreement”), between the Purchaser, as seller, and Fifth Third Auto Trust 2017-1, as issuer, which contains rules as to usage that are applicable herein. 

SECTION 1.2      Other Interpretive Provisions.  For purposes of this
Agreement, unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them
under GAAP (provided, that, to the extent that the definitions in this Agreement and GAAP conflict, the definitions in this Agreement shall control); (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not
otherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular
provision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection,
clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (e) the term “including” and all variations thereof means “including
without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; (g) references to any
Person include that Person’s successors and assigns; and 

 
(h) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof. 

ARTICLE II 
 PURCHASE 

SECTION 2.1      Agreement to Sell and Contribute on the Closing Date.  On the
terms and subject to the conditions set forth in this Agreement, FTH LLC does hereby transfer, assign, sell, contribute and otherwise convey to the Purchaser without recourse (subject to the obligations herein) on the Closing Date all of its right,
title, interest, claims and demands in, to and under each of (a) the Receivables, the Collections after the Cut-Off Date, the Receivable Files and the Related Security relating thereto, whether now owned
or hereafter acquired, as evidenced by an assignment substantially in the form of Exhibit A (“Assignment”) delivered on the Closing Date and (b) the Receivables Sale Agreement (the “Purchased Assets”).
The sale, transfer, assignment, contribution and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Purchaser of any obligation of FTH LLC or the Originator to the Obligors, the Dealers, insurers or
any other Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. 

SECTION 2.2      Consideration and Payment.  In consideration of the transfer
of the Purchased Assets conveyed to the Purchaser pursuant to Section 2.1 on the Closing Date, the Purchaser shall pay in cash to FTH LLC on such date an amount equal to the estimated fair market value of the Purchased
Assets on the Closing Date. Such purchase price shall be paid in cash to FTH LLC in an amount agreed to between FTH LLC and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by FTH LLC in an
undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to FTH LLC.

 ARTICLE III 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

SECTION 3.1      Representations and Warranties of FTH LLC.    FTH
LLC makes the following representations and warranties as of the Closing Date on which the Purchaser will be deemed to have relied in acquiring the Purchased Assets. The representations and warranties will survive the conveyance of the Purchased
Assets to the Purchaser pursuant to this Agreement, the conveyance of the Purchased Assets to the Issuer pursuant to the Sale Agreement and the Grant thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 

(a)  Existence and Power.    FTH LLC is a limited liability company validly existing and
in good standing under the laws of the State of Delaware and has, in all material respects, all power and authority to carry on its business as it is now conducted. FTH LLC has obtained all necessary licenses and approvals in each jurisdiction where
the failure to do so would reasonably be expected to materially and adversely affect the ability of FTH LLC to perform its obligations 

  

					
		 	-2-	 	

 
under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part of the Purchased Assets. 

(b)      Authorization and No Contravention.    The execution,
delivery and performance by FTH LLC of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary limited liability company action on the part of FTH LLC and (ii) do not contravene or constitute a
default under (A) any applicable law, rule or regulation, (B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than, in the case
of clauses (A), (B) and (C), violations which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by,
or FTH LLC’s ability to perform its obligations under, the Transaction Documents). 

(c)      No Consent Required.    No approval or authorization by, or
filing with, any Governmental Authority is required in connection with the execution, delivery and performance by FTH LLC of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been
obtained and filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectibility of the Receivables or any other
part of the Purchased Assets or would not materially and adversely affect the ability of FTH LLC to perform its obligations under the Transaction Documents. 

(d)      Binding Effect.    Each Transaction Document to which FTH
LLC is a party constitutes the legal, valid and binding obligation of FTH LLC enforceable against FTH LLC in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
receivership, conservatorship or other similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of limited liability companies from time to time in effect or by general principles of
equity. 
 (e)      No Proceedings.  There are no Proceedings pending or, to
the knowledge of FTH LLC, threatened against FTH LLC before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance
of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by FTH LLC
of its obligations under this Agreement or any of the other Transaction Documents or the collectibility or enforceability of the Receivables or (iv) relate to FTH LLC that would materially and adversely affect the federal or Applicable Tax
State income, excise, franchise or similar tax attributes of the Notes. 
 (f)      Lien
Filings.  FTH LLC is not aware of any material judgment, ERISA or tax lien filings against FTH LLC. 
 SECTION
3.2      Protection of Title. 

  

					
		 	-3-	 	

 (a)      FTH LLC shall authorize and file such
financing statements and cause to be authorized and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Purchaser under this
Agreement in the Receivables (other than any Related Security with respect thereto, to the extent that the interest of the Purchaser therein cannot be perfected by the filing of a financing statement). FTH LLC shall deliver (or cause to be
delivered) to the Purchaser file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing. 

(b)      FTH LLC shall notify the Purchaser in writing within ten (10) days following the
occurrence of (i) any change in FTH LLC’s organizational structure as a limited liability company, (ii) any change in FTH LLC’s “location” (within the meaning of
Section 9-307 of the UCC of all applicable jurisdictions) and (iii) any change in FTH LLC’s name and shall take all action prior to making such change (or shall have made arrangements to take
such action substantially simultaneously with such change, if it is not practicable to take such action in advance) reasonably necessary or advisable in the opinion of the Purchaser to amend all previously filed financing statements or continuation
statements described in paragraph (a) above. FTH LLC will at all times maintain its “location” within the United States. 

(c)      FTH LLC shall maintain (or shall cause the Servicer to maintain) its computer systems
so that, from time to time after the conveyance under this Agreement of the Receivables, the master computer records (including any backup archives) that refer to a Receivable shall indicate clearly the interest of the Purchaser (or any subsequent
assignee of the Purchaser) in such Receivable and that such Receivable is owned by such Person. Indication of such Person’s interest in a Receivable shall not be deleted from or modified on such computer systems until, and only until, the
related Receivable shall have been paid in full or repurchased. 
 (d)      If at any time FTH
LLC shall propose to sell, grant a security interest in or otherwise transfer any interest in motor vehicle receivables to any prospective purchaser, lender or other transferee, FTH LLC shall give to such prospective purchaser, lender or other
transferee computer tapes, records or printouts (including any restored from backup archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly that such Receivable has been sold and is owned by the
Purchaser (or any subsequent assignee of the Purchaser). 
 SECTION 3.3      Other Liens or
Interests.    Except for the conveyances and grants of security interests pursuant to this Agreement and the other Transaction Documents, FTH LLC shall not sell, pledge, assign or transfer the Receivables or other property
transferred to the Purchaser to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any interest therein, and FTH LLC shall defend the right, title and interest of the Purchaser in, to and
under such Receivables or other property transferred to the Purchaser against all claims of third parties claiming through or under FTH LLC. 

SECTION 3.4      Perfection Representations, Warranties and Covenants.  The
representations, warranties and covenants set forth on Schedule I are true and correct to the extent that they are applicable. 

  

					
		 	-4-	 	

 SECTION 3.5      Compliance with the FDIC
Rule.    FTH LLC (i) shall perform the covenants set forth in Article XII of the Indenture applicable to it and (ii) shall facilitate compliance with Article XII of the Indenture by the Fifth Third
Parties. 
 SECTION 3.6      Merger or Consolidation of, or Assumption of the Obligations
of, FTH LLC.  Any Person (i) into which FTH LLC may be merged or converted or with which it may be consolidated, to which it may sell or transfer its business and assets as a whole or substantially as a whole, (ii) resulting
from any merger, sale, transfer, conversion, or consolidation to which FTH LLC shall be a party, (iii) succeeding to the business of FTH LLC or (iv) more than 50% of the voting stock or voting power and 50% or more of the economic equity
of which is owned directly or indirectly by Fifth Third Bancorp, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of FTH LLC under this Agreement, will be the successor to FTH LLC under this
Agreement without the execution or filing of any document or any further act on the part of any of the parties to this Agreement anything herein to the contrary notwithstanding. Notwithstanding the foregoing, if FTH LLC enters into any of the
foregoing transactions and is not the surviving entity, FTH LLC will deliver to the Indenture Trustee an Opinion of Counsel either (A) stating that, in the opinion of such counsel, all financing statements and continuation statements and
amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Issuer and the Indenture Trustee, respectively, in the Receivables or (B) stating that, in the opinion of such counsel, no such
action is necessary to preserve and protect such interest. 
 SECTION 3.7      FTH LLC May
Own Notes.    FTH LLC, and any Affiliate of FTH LLC, may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not FTH LLC or an Affiliate thereof,
except as otherwise expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes so owned by FTH LLC or any such Affiliate will have an equal and proportionate benefit under
the provisions of this Agreement and the other Transaction Documents, without preference, priority, or distinction as among all of the Notes. Unless all Notes are owned by the Issuer, FTH LLC, the Servicer, the Administrator or any of their
respective Affiliates, any Notes owned by the Issuer, FTH LLC, the Servicer, the Administrator or any of their respective Affiliates shall be disregarded with respect to the determination of any request, demand, authorization, direction, notice,
consent, vote or waiver hereunder or under any other Transaction Document. 
 ARTICLE IV 

MISCELLANEOUS 

SECTION 4.1      Transfers Intended as Sale; Security Interest. 

(a)    Each of the parties hereto expressly intends and agrees that the transfers contemplated and
effected under this Agreement are complete and absolute sales, transfers, assignments and contributions rather than pledges or assignments of only a security interest and shall be given effect as such for all purposes. It is further the intention of
the parties hereto that the Receivables and the related Purchased Assets shall not be part of FTH LLC’s estate in the event of a bankruptcy or insolvency of FTH LLC. The sales and transfers by FTH LLC of the

  

					
		 	-5-	 	

 
Receivables and the related Purchased Assets hereunder are and shall be without recourse to, or representation or warranty (express or implied) by, FTH LLC, except as otherwise specifically
provided herein. The limited rights of recourse specified herein against FTH LLC are intended to provide a remedy for breach of representations and warranties relating to the condition of the property sold, rather than to the collectibility of the
Receivables. 
 (b)      Notwithstanding the foregoing, in the event that the Receivables and
other Purchased Assets are held to be property of FTH LLC, or if for any reason this Agreement is held or deemed to create indebtedness or a security interest in the Receivables and other Purchased Assets, then it is intended that: 

(i)      This Agreement shall be deemed to be a security agreement within the
meaning of Articles 8 and 9 of the New York UCC and the UCC of any other applicable jurisdiction; 

(ii)      The conveyance provided for in Section 2.1
shall be deemed to be a grant by FTH LLC of, and FTH LLC hereby grants to the Purchaser, a security interest in all of its right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to
the Receivables and other Purchased Assets, to secure such indebtedness and the performance of the obligations of FTH LLC hereunder; 

(iii)      The possession by the Purchaser or its agent of the Receivable Files
and any other property that constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by the purchaser or a Person designated by such purchaser, for purposes
of perfecting the security interest pursuant to the New York UCC and the UCC of any other applicable jurisdiction; and 

(iv)      Notifications to Persons holding such property, and acknowledgments,
receipts or confirmations from Persons holding such property, shall be deemed to be notifications to, or acknowledgments, receipts or confirmations from, bailees or agents (as applicable) of the Purchaser for the purpose of perfecting such security
interest under applicable law. 
 SECTION 4.2      Notices, Etc.  All
demands, notices and communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier
service, or by facsimile or email (if an applicable facsimile number or email address is provided on Schedule I to the Sale Agreement), and addressed in each case as specified on Schedule I to the Sale Agreement, or at such other
address as shall be designated by any of the specified addressees in a written notice to the other parties hereto. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of
such Noteholder as shown in the Note Register. Delivery shall occur only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices
hereunder; provided, however, that any notice to a Noteholder mailed within the time and manner prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such
notice. 

  

					
		 	-6-	 	

 SECTION 4.3      Choice of
Law.    THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS. 
 SECTION 4.4      Headings.  The section headings hereof have
been inserted for convenience only and shall not be construed to affect the meaning, construction or effect of this Agreement. 

SECTION 4.5      Counterparts.  This Agreement may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, regardless of whether delivered in physical or electronic form, but all of such counterparts shall together constitute but one and the same instrument. 

SECTION 4.6      Amendment. 

(a)      Any term or provision of this Agreement may be amended by FTH LLC and the Purchaser
without the consent of the Indenture Trustee, the Issuer, any Noteholder, the Delaware Trustee, the Owner Trustee or any other Person subject to the satisfaction of one of the following conditions: 

(i)      FTH LLC or the Purchaser delivers an Opinion of Counsel or an
Officer’s Certificate to the Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; or 

(ii)      The Rating Agency Condition is satisfied with respect to such
amendment and FTH LLC or the Purchaser notifies the Indenture Trustee in writing that the Rating Agency Condition is satisfied with respect to such amendment. 

(b)      This Agreement may also be amended from time to time by FTH LLC and the Purchaser, with
the consent of the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance (voting as a single class) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Agreement or of modifying in any manner the rights of the Noteholders or the Certificateholders. It will not be necessary for the Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if the
Noteholders approve the substance thereof. The manner of obtaining such consents (and any other consents of the Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the Noteholders will be
subject to such reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 

(c)      Prior to the execution of any amendment pursuant to this
Section 4.6, FTH LLC or the Purchaser shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment, FTH LLC or the Purchaser shall
furnish a copy of such amendment to each Rating Agency, the Issuer and the 

  

					
		 	-7-	 	

 
Indenture Trustee; provided, that no amendment pursuant to this Section 4.6 shall be effective which materially and adversely affects the rights, protections or
duties of the Delaware Trustee, the Indenture Trustee or the Owner Trustee without the prior written consent of such Person. 

(d)      Prior to the execution of any amendment to this Agreement, the Delaware Trustee, the
Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and an Officer’s Certificate from
the Depositor or the Administrator that all conditions precedent to the execution and delivery of such amendment have been satisfied. 

(e)      Notwithstanding subsections (a) or (b) of this
Section 4.6, this Agreement may only be amended by FTH LLC and the Purchaser if (i) the Majority Certificateholders consent to such amendment or (ii) such amendment shall not, as evidenced by an Officer’s
Certificate of FTH LLC or the Purchaser or an Opinion of Counsel delivered to the Delaware Trustee, the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for
the Certificateholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if the Certificateholders approve the substance thereof. The manner of obtaining such consents (and any other consents of the
Certificateholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the Certificateholders will be subject to such reasonable requirements as the Owner Trustee may prescribe. 

SECTION 4.7      Waivers.  No failure or delay on the part of the Purchaser,
the Servicer, FTH LLC, the Issuer or the Indenture Trustee in exercising any power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any
such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on the Purchaser or FTH LLC in any case shall entitle it to any notice or demand in similar or other
circumstances. No waiver or approval by either party under this Agreement shall, except as may otherwise be stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval under this Agreement shall require any
similar or dissimilar waiver or approval thereafter to be granted hereunder. 
 SECTION
4.8      Entire Agreement.    The Transaction Documents contain a final and complete integration of all prior expressions by the parties hereto with respect to the subject matter thereof and
shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof, superseding all prior oral or written understandings. There are no unwritten agreements among the parties. 

SECTION 4.9      Severability of Provisions.    If any one or more of
the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or
terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement. 

  

					
		 	-8-	 	

 SECTION 4.10      Binding
Effect.    This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement shall create and constitute the continuing obligations of
the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree. 

SECTION 4.11      Acknowledgment and Agreement.    By execution
below, FTH LLC expressly acknowledges and consents to the conveyance of the Purchased Assets and the assignment of all rights and obligations of FTH LLC related thereto by the Purchaser to the Issuer pursuant to the Sale Agreement and the Grant of a
security interest in the Receivables and the other Purchased Assets by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, FTH LLC hereby acknowledges and agrees that for so long as the
Notes are outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Purchaser under this Agreement in the event that the Purchaser shall fail to exercise the same. 

SECTION 4.12      Cumulative Remedies.    The remedies herein
provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION
4.13      Nonpetition Covenant.  Each party hereto agrees that, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect
of all securities issued by any Bankruptcy Remote Party (i) such party shall not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding
seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an
administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession
by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of its creditors generally, any party hereto or any other creditor of such Bankruptcy
Remote Party and (ii) such party shall not commence or join with any other Person in commencing any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter
in effect in any jurisdiction. This Section shall survive the termination of this Agreement. 
 SECTION
4.14      Submission to Jurisdiction; Waiver of Jury Trial.    Each of the parties hereto hereby irrevocably and unconditionally: 

(a)      submits for itself and its property in any Proceeding relating to this Agreement or any
documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of
America for the Southern District of New York and appellate courts from any thereof; 

(b)      consents that any such Proceeding may be brought in such courts and waives any
objection that it may now or hereafter have to the venue of such Proceeding in any such court or 

  

					
		 	-9-	 	

 
that such Proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c)      agrees that service of process in any such Proceeding may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 4.2 of this Agreement; 

(d)      agrees that nothing herein shall affect the right to effect service of process in any
other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(e)      to the extent permitted by applicable law, each party hereto irrevocably waives all
right of trial by jury in any Proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder. 

SECTION 4.15      Information Requests.      The parties
hereto shall provide any information reasonably requested by the Issuer, the Purchaser or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or
principle. 
 [Remainder of Page Intentionally Left Blank] 

  

					
		 	-10-	 	

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day
and year first written above. 
  

			
	 FIFTH THIRD HOLDINGS, LLC

	
	 By:
                                         
                                   

	 Name:
	 	
	 Title:
	 	
	
	 FIFTH THIRD HOLDINGS FUNDING, LLC

	
	 By:
                                         
                                   

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-1	 	

 EXHIBIT A 

FORM OF 
 ASSIGNMENT
PURSUANT TO PURCHASE AGREEMENT 
 September 20, 2017 

For value received, in accordance with the Purchase Agreement dated as of September 20, 2017, (the
“Agreement”), between Fifth Third Holdings, LLC, a Delaware limited liability company (“FTH LLC”), and Fifth Third Holdings Funding, LLC, a Delaware limited liability company (the “Purchaser”), on
the terms and subject to the conditions set forth in the Agreement, FTH LLC does hereby transfer, assign, sell, contribute and otherwise convey to the Purchaser without recourse (subject to the obligations in the Agreement) on the Closing Date, all
of its right, title, interest claims and demands in, to and under the Receivables Sale Agreement, the Receivables set forth on the schedule of Receivables delivered by FTH LLC to the Purchaser on the date hereof, the Collections after the Cut-Off Date, the Receivable Files and the Related Security relating thereto, whether now owned or hereafter acquired. 

The foregoing sale does not constitute and is not intended to result in an assumption by the Purchaser of any obligation of
the undersigned or the Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables, or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. 

This assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned
contained in the Agreement and is governed by the Agreement. 
 Capitalized terms used herein and not otherwise defined
shall have the respective meanings assigned to them in the Agreement or, if not defined in the Agreement, in Appendix A to the Sale Agreement, dated as of September 20, 2017, between Fifth Third Auto Trust
2017-1 and the Purchaser, as seller. 
 [Remainder of page intentionally left blank] 

  

					
		 	A-1	 	

 IN WITNESS WHEREOF, the undersigned has caused this assignment to be duly
executed as of the date first above written. 
  

			
	 FIFTH THIRD HOLDINGS,
LLC

 
			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  

					
		 	A-2	 	

 SCHEDULE I 

PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 

In addition to the representations, warranties and covenants contained in the Agreement, FTH LLC hereby represents, warrants,
and covenants to the Purchaser as follows on the Closing Date: 
 General 

1.    This Agreement creates a valid and continuing security interest (as defined in the applicable UCC)
in the Receivables and the other Purchased Assets in favor of the Purchaser, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from FTH LLC. 

2.    The Receivables constitute “chattel paper” (including “electronic chattel paper”
or “tangible chattel paper”), “accounts”, “instruments”, “promissory notes”, “payment intangibles” or “general intangibles”, within the meaning of the applicable UCC. 

3.    Immediately prior to the sale, transfer, contribution, assignment and/or conveyance of a Receivable,
such Receivable is secured by a first priority validly perfected and enforceable security interest in the related Financed Vehicle in favor of the Originator, as secured party, or all necessary actions with respect to such Receivable have been taken
or will be taken to perfect a first priority security interest in the related Financed Vehicle in favor of the Originator, as secured party, subject, as to enforcement, to applicable bankruptcy, insolvency, reorganization, liquidation or other
similar laws and equitable principles relating to or affecting the enforcement of creditors’ rights generally. 
 Creation

 4.    Immediately prior to the sale, transfer, contribution, assignment and/or conveyance of
a Receivable by FTH LLC to the Purchaser, FTH LLC owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of the Purchaser) and immediately after the sale, transfer, assignment and
conveyance of such Receivable to the Purchaser, the Purchaser will have good and marketable title to such Receivable free and clear of any Lien. 

5.    FTH LLC has received all consents and approvals to the sale of the Receivables hereunder to the
Purchaser required by the terms of the Receivables that constitute instruments. 
 Perfection 

6.    FTH LLC has submitted or will have caused to be submitted, on the effective date of this Agreement,
the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the sale of the Receivables from FTH LLC to the Purchaser, and the security interest in the
Receivables granted to the Purchaser hereunder; and the Servicer, in its capacity as custodian, has in its possession the 

  

					
		 	Schedule I-1	 	

 
original copies of such instruments or tangible chattel paper that constitute or evidence the Receivables, and all financing statements referred to in this paragraph contain a statement that:
“A purchase of or security interest in any collateral described in this financing statement will violate the rights of the Secured Party/Purchaser”. 

7.    With respect to Receivables that constitute an instrument or tangible chattel paper, either: 

 

	 	a.	 All original executed copies of each such instrument or tangible chattel paper have been delivered to the
Indenture Trustee, as pledgee of the Issuer; or 

  

	 	b.	 Such instruments or tangible chattel paper are in the possession of the Servicer and the Indenture Trustee has
received a written acknowledgment from the Servicer that the Servicer (in its capacity as custodian) is holding such instruments or tangible chattel paper solely on behalf and for the benefit of the Indenture Trustee, as pledgee of the Issuer; or

  

	 	c.	 The Servicer received possession of such instruments or tangible chattel paper after the Indenture Trustee
received a written acknowledgment from the Servicer that the Servicer is acting solely as agent of the Indenture Trustee, as pledgee of the Issuer. 

Priority 

8.    FTH LLC has not authorized the filing of, and is not aware of any financing statements against FTH
LLC that include a description of collateral covering the Receivables other than any financing statement (i) relating to the conveyance of the Receivables by the Bank to FTH LLC under the Receivables Sale Agreement, (ii) relating to the
conveyance of the Receivables by FTH LLC to the Purchaser under the Purchase Agreement, (iii) relating to the conveyance of the Receivables by the Purchaser to the Issuer under the Sale Agreement, (iv) relating to the security interest
granted to the Indenture Trustee under the Indenture or (v) that has been terminated. 

9.      FTH LLC is not aware of any material judgment, ERISA or tax lien filings against FTH
LLC. 
 10.    Neither FTH LLC nor a custodian or vaulting agent thereof holding any Receivable that is
electronic chattel paper has communicated an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of any loan agreement that constitutes or evidences such Receivable to any
Person other than the Servicer. 
 11.    None of the instruments, electronic chattel paper or tangible
chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than FTH LLC, the Purchaser, the Issuer or the Indenture Trustee. 

  

					
		 	Schedule I-2	 	

 Survival of Perfection Representations 

12.    Notwithstanding any other provision of the Purchase Agreement or any other Transaction Document,
the perfection representations, warranties and covenants contained in this Schedule I shall be continuing, and remain in full force and effect until such time as all obligations under the Transaction Documents and the Notes
have been finally and fully paid and performed. 
 No Waiver 

13.    The Purchaser shall provide the Rating Agencies with prompt written notice of any material breach
of the perfection representations, warranties and covenants contained in this Schedule II, and shall not, without satisfying the Rating Agency Condition, waive a breach of any of such perfection representations, warranties
or covenants. 

  

					
		 	Schedule I-3EX-10.3

 Exhibit 10.3 
  

 
  

SALE AGREEMENT 
 between

 FIFTH THIRD AUTO TRUST 2017-1, 

as Issuer 
 and 

FIFTH THIRD HOLDINGS FUNDING, LLC, 

as Seller 
 dated as of
September 20, 2017 
  
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	    	 	  	PAGE	 
	 ARTICLE I         DEFINITIONS AND
USAGE
	  			
				
		 	 SECTION 1.1
	    	 Definitions
	  	 	1	 
				
		 	 SECTION 1.2
	    	 Other Interpretive Provisions
	  	 	1	 
		
	 ARTICLE II        PURCHASE
	  			
				
		 	 SECTION 2.1
	    	 Conveyance of Transferred Assets
	  	 	2	 
		
	 ARTICLE III      REPRESENTATIONS, WARRANTIES AND
COVENANTS
	  			
				
		 	 SECTION 3.1
	    	 Representations and Warranties of Seller
	  	 	2	 
				
		 	 SECTION 3.2
	    	 Liability of the Seller
	  	 	3	 
				
		 	 SECTION 3.3
	    	 Merger or Consolidation of, or Assumption of the Obligations of, Seller
	  	 	4	 
				
		 	 SECTION 3.4
	    	 Seller May Own Notes
	  	 	5	 
				
		 	 SECTION 3.5
	    	 Sarbanes-Oxley Act Requirements
	  	 	5	 
				
		 	 SECTION 3.6
	    	 Compliance with Organizational Documents
	  	 	5	 
				
		 	 SECTION 3.7
	    	 Protection of Title
	  	 	5	 
				
		 	 SECTION 3.8
	    	 Other Liens or Interests
	  	 	6	 
				
		 	 SECTION 3.9
	    	 Perfection Representations, Warranties and Covenants
	  	 	6	 
				
		 	 SECTION 3.10
	    	 Compliance with the FDIC Rule
	  	 	6	 
		
	 ARTICLE IV      MISCELLANEOUS
	  			
				
		 	 SECTION 4.1
	    	 Transfers Intended as Sale; Security Interest
	  	 	6	 
				
		 	 SECTION 4.2
	    	 Notices, Etc
	  	 	7	 
				
		 	 SECTION 4.3
	    	 Choice of Law
	  	 	8	 
				
		 	 SECTION 4.4
	    	 Headings
	  	 	8	 
				
		 	 SECTION 4.5
	    	 Counterparts
	  	 	8	 
				
		 	 SECTION 4.6
	    	 Amendment
	  	 	8	 
				
		 	 SECTION 4.7
	    	 Waivers
	  	 	9	 
				
		 	 SECTION 4.8
	    	 Entire Agreement
	  	 	9	 
				
		 	 SECTION 4.9
	    	 Severability of Provisions
	  	 	9	 
				
		 	 SECTION 4.10
	    	 Binding Effect
	  	 	9	 
				
		 	 SECTION 4.11
	    	 Acknowledgment and Agreement
	  	 	10	 
				
		 	 SECTION 4.12
	    	 Cumulative Remedies
	  	 	10	 
				
		 	 SECTION 4.13
	    	 Nonpetition Covenant
	  	 	10	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	    	 	 	PAGE	 
				
		 	 SECTION 4.14
	    	 Submission to Jurisdiction; Waiver of Jury Trial
	 	 	10	 
				
		 	 SECTION 4.15
	    	 Limitation of Liability of Owner Trustee
	 	 	11	 
				
		 	 SECTION 4.16
	    	 Information Requests
	 	 	11	 

  

			
	Exhibit A	  	 Form of Assignment Pursuant to Sale Agreement

	Schedule I	  	 Notice Addresses

	Schedule II	  	 Perfection Representations, Warranties and Covenants

	Appendix A	  	 Definitions

  
 ii 

 This SALE AGREEMENT is made and entered into as of September 20, 2017 (as
amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and between FIFTH THIRD AUTO TRUST 2017-1, a Delaware statutory trust (the
“Issuer”), and FIFTH THIRD HOLDINGS FUNDING, LLC, a Delaware limited liability company (the “Seller”). 

WITNESSETH: 

WHEREAS, the Issuer desires to purchase from the Seller a portfolio of motor vehicle receivables, including motor vehicle
retail installment sale contracts and/or installment loans that are secured by new and used automobiles, light-duty trucks, vans and other motor vehicles; and 

WHEREAS, the Seller is willing to sell such portfolio of motor vehicle receivables and related property to the Issuer on the
terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements set forth herein, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS AND USAGE 

SECTION 1.1    Definitions. Except as otherwise defined herein or as the context may otherwise
require, capitalized terms used but not otherwise defined herein are defined in Appendix A hereto, which contains rules as to usage that are applicable herein. 

SECTION 1.2    Other Interpretive Provisions. For purposes of this Agreement, unless the context
otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under GAAP (provided, that, to
the extent that the definitions in this Agreement and GAAP conflict, the definitions in this Agreement shall control); (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement
are used as defined in that Article; (c) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement;
(d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision
within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (e) the term “including” (and all variations thereof) means “including without limitation”; (f)
except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; (g) references to any Person include that Person’s
successors and assigns; and (h) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof. 

 ARTICLE II 

PURCHASE 

SECTION 2.1    Conveyance of Transferred Assets. In consideration of the Issuer’s sale and
delivery to, or upon the order of, the Seller of (i) all of the Notes and (ii) the Certificates on the Closing Date, the Seller does hereby transfer, assign, sell, contribute and otherwise convey to the Issuer without recourse (subject to
the obligations herein) on the Closing Date all of its right, title, interest, claims and demands, whether now owned or hereafter acquired, in, to and under the Transferred Assets, as evidenced by an assignment substantially in the form of
Exhibit A (the “Assignment”) delivered on the Closing Date. The sale, transfer, assignment, contribution and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any
obligation of the Seller, FTH LLC or the Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related
thereto. 
 ARTICLE III 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

SECTION 3.1    Representations and Warranties of Seller. The Seller makes the following
representations and warranties as of the Closing Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties will survive the conveyance of the Transferred Assets to the Issuer
pursuant to this Agreement and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 

(a)    Existence and Power. The Seller is a limited liability company validly existing and in good
standing under the laws of the State of Delaware and has, in all material respects, all power and authority to carry on its business as it is now conducted. The Seller has obtained all necessary licenses and approvals in each jurisdiction where the
failure to do so would reasonably be expected to materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part
of the Transferred Assets. 
 (b)    Authorization and No Contravention. The execution, delivery
and performance by the Seller of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary limited liability company action on the part of the Seller and (ii) do not contravene or constitute a default
under (A) any applicable law, rule or regulation, (B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than, in the case of
clauses (A), (B) and (C), violations which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or
the Seller’s ability to perform its obligations under, the Transaction Documents). 

  

					
		 	2	 	

 (c)    No Consent Required. No approval or
authorization by, or filing with, any Governmental Authority is required in connection with the execution, delivery and performance by the Seller of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations
that have previously been obtained and filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectability of the
Receivables or any other part of the Transferred Assets or would not materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents. 

(d)    Binding Effect. Each Transaction Document to which the Seller is a party constitutes the
legal, valid and binding obligation of the Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership,
conservatorship or other similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of limited liability companies from time to time in effect or by general principles of equity. 

(e)    No Proceedings. There are no Proceedings pending or, to the knowledge of the Seller,
threatened against the Seller before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance of the Notes or the
consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by the Seller of its obligations
under this Agreement or any of the other Transaction Documents or the collectability or enforceability of the Receivables or (iv) relate to the Seller that would materially and adversely affect the federal or Applicable Tax State income,
excise, franchise or similar tax attributes of the Notes. 
 (f)    Lien Filings. The Seller is
not aware of any material judgment, ERISA or tax lien filings against the Seller. 
 SECTION
3.2    Liability of the Seller. 
 (a)    The Seller shall be liable in
accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement. 

(b)    The Seller shall indemnify, defend and hold harmless the Issuer, the Delaware Trustee, the Owner
Trustee and the Indenture Trustee from and against any loss, liability or expense incurred by reason of the Seller’s violation of federal or state securities laws in connection with the registration or the sale of the Notes. 

(c)    The Seller will pay any and all taxes levied or assessed upon the Issuer or upon all or any part of
the Trust Estate. 
 (d)    Indemnification under this Section 3.2 will
survive the resignation or removal of the Delaware Trustee, the Owner Trustee or the Indenture Trustee and the termination or assignment of this Agreement and will include, without limitation, reasonable fees and expenses of counsel and expenses of
litigation (including in connection with any action, claim or suit 

  

					
		 	3	 	

 
brought to enforce the Indenture Trustee’s right to indemnification). If the Seller has made any indemnity payments pursuant to this Section 3.2 and the Person to
or on behalf of whom such payments are made thereafter collects any of such amounts from others, such Person will promptly repay such amounts to the Seller, without interest. 

(e)    The Seller’s obligations under this Section 3.2 are obligations
solely of the Seller and will not constitute a claim against the Seller to the extent that the Seller does not have funds sufficient to make payment of such obligations. In furtherance of and not in derogation of the foregoing, the Issuer, the
Servicer, the Delaware Trustee, the Indenture Trustee and the Owner Trustee, by entering into or accepting this Agreement, acknowledge and agree that they have no right, title or interest in or to the Other Assets of the Seller. To the extent that,
notwithstanding the agreements and provisions contained in the preceding sentence, the Issuer, the Servicer, the Delaware Trustee, the Indenture Trustee or the Owner Trustee either (i) asserts an interest in, claim to or benefit in or from,
Other Assets or (ii) is deemed to have any such interest in, claim to or benefit in or from Other Assets, whether by operation of law, legal process, pursuant to applicable provisions of insolvency laws or otherwise (including by virtue of
Section 1111(b) of the Bankruptcy Code or any successor provision having similar effect under the Bankruptcy Code), then the Issuer, the Servicer, the Delaware Trustee, the Indenture Trustee or the Owner Trustee further acknowledges and agrees
that any such interest in, claim to or benefit in or from, Other Assets is and will be expressly subordinated to the indefeasible payment in full of the other obligations and liabilities, which, under the terms of the relevant documents relating to
the securitization or conveyance of such Other Assets, are entitled to be paid from, entitled to the benefits of, or otherwise secured by such Other Assets (whether or not any such entitlement or security interest is legally perfected or otherwise
entitled to a priority of distributions or application under applicable law, including insolvency laws, and whether or not asserted against the Seller), including the payment of post-petition interest on such other obligations and liabilities. This
subordination agreement will be deemed a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code. The Issuer, the Servicer, the Delaware Trustee, the Indenture Trustee and the Owner Trustee each further acknowledges
and agrees that no adequate remedy at law exists for a breach of this Section 3.2(e) and the terms of this Section 3.2(e) may be enforced by an action for specific performance. The provisions of
this Section 3.2(e) will be for the third-party benefit of those entitled to rely thereon and will survive the termination of this Agreement. 

SECTION 3.3    Merger or Consolidation of, or Assumption of the Obligations of, Seller. Any Person
(i) into which the Seller may be merged or converted or with which it may be consolidated, to which it may sell or transfer its business and assets as a whole or substantially as a whole, (ii) resulting from any merger, sale, transfer,
conversion, or consolidation to which the Seller shall be a party, (iii) succeeding to the business of the Seller or (iv) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is owned directly
or indirectly by Fifth Third Bancorp, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Seller under this Agreement, will be the successor to the Seller under this Agreement without the
execution or filing of any document or any further act on the part of any of the parties to this Agreement anything herein to the contrary notwithstanding. The Seller shall provide notice of any merger, conversion, consolidation or succession
pursuant to this Section 3.3 to the Administrator. Notwithstanding the foregoing, if the Seller enters into any of the foregoing transactions and is 

  

					
		 	4	 	

 
not the surviving entity, the Seller will deliver to the Indenture Trustee an Opinion of Counsel either (A) stating that, in the opinion of such counsel, all financing statements and
continuation statements and amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Issuer and the Indenture Trustee, respectively, in the Receivables, or (B) stating that, in the opinion
of such counsel, no such action is necessary to preserve and protect such interest. 
 SECTION
3.4    Seller May Own Notes. The Seller, and any Affiliate of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Seller or
an Affiliate thereof, except as otherwise expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes so owned by the Seller or any such Affiliate will have an equal and
proportionate benefit under the provisions of this Agreement and the other Transaction Documents, without preference, priority, or distinction as among all of the Notes. Unless all Notes are owned by the Issuer, the Seller, the Servicer, the
Administrator or any of their respective Affiliates, any Notes owned by the Issuer, the Seller, the Servicer, the Administrator or any of their respective Affiliates shall be disregarded with respect to the determination of any request, demand,
authorization, direction, notice, consent, vote or waiver hereunder or under any other Transaction Document. 
 SECTION
3.5    Sarbanes-Oxley Act Requirements. To the extent any documents are required to be filed or any certification is required to be made with respect to the Issuer or the Notes pursuant to the Sarbanes-Oxley Act, the
Issuer hereby authorizes the Seller to prepare, sign, certify and file any such documents or certifications on behalf of the Issuer. 

SECTION 3.6    Compliance with Organizational Documents. The Seller shall comply with its limited
liability company agreement and other organizational documents. 
 SECTION 3.7    Protection of
Title. 
 (a)    The Seller shall authorize and file such financing statements and cause to be
authorized and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Issuer under this Agreement in the Receivables (other than any
Related Security with respect thereto, to the extent that the interest of the Issuer therein cannot be perfected by the filing of a financing statement). The Seller shall deliver (or cause to be delivered) to the Issuer file-stamped copies of, or
filing receipts for, any document filed as provided above, as soon as available following such filing. 

(b)    The Seller shall notify the Issuer in writing within ten (10) days following the occurrence of
(i) any change in the Seller’s organizational structure as a limited liability company, (ii) any change in the Seller’s “location” (within the meaning of Section 9-307 of the
UCC of all applicable jurisdictions) and (iii) any change in the Seller’s name and shall take all action prior to making such change (or shall have made arrangements to take such action substantially simultaneously with such change, if it
is not practicable to take such action in advance) reasonably necessary or advisable in the opinion of the Issuer to amend all previously 

  

					
		 	5	 	

 
filed financing statements or continuation statements described in paragraph (a) above. The Seller will at all times maintain its “location” within the United States. 

(c)    The Seller shall maintain (or shall cause the Servicer to maintain) its computer systems so that,
from time to time after the conveyance under this Agreement of the Receivables, the master computer records (including any backup archives) that refer to a Receivable shall indicate clearly the interest of the Issuer (or any subsequent assignee of
the Issuer) in such Receivable and that such Receivable is owned by such Person. Indication of such Person’s interest in a Receivable shall not be deleted from or modified on such computer systems until, and only until, the related Receivable
shall have been paid in full or repurchased. 
 (d)    If at any time the Seller shall propose to sell,
grant a security interest in or otherwise transfer any interest in motor vehicle receivables to any prospective purchaser, lender or other transferee, the Seller shall give to such prospective purchaser, lender or other transferee computer tapes,
records or printouts (including any restored from backup archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly that such Receivable has been sold and is owned by the Issuer (or any subsequent assignee
of the Issuer). 
 SECTION 3.8    Other Liens or Interests. Except for the conveyances and grants
of security interests pursuant to this Agreement and the other Transaction Documents, the Seller shall not sell, pledge, assign or transfer the Receivables or other property transferred to the Issuer to any other Person, or grant, create, incur,
assume or suffer to exist any Lien (other than Permitted Liens) on any interest therein, and the Seller shall defend the right, title and interest of the Issuer in, to and under such Receivables or other property transferred to the Issuer against
all claims of third parties claiming through or under the Seller. 
 SECTION 3.9    Perfection
Representations, Warranties and Covenants. The Seller hereby makes the perfection representations, warranties and covenants set forth on Schedule II hereto to the Issuer to the extent applicable. 

SECTION 3.10    Compliance with the FDIC Rule. The Seller (i) shall perform the covenants set
forth in Article XII of the Indenture applicable to it and (ii) shall facilitate compliance with Article XII of the Indenture by the Fifth Third Parties. 

ARTICLE IV 
 MISCELLANEOUS 

SECTION 4.1    Transfers Intended as Sale; Security Interest. 

(a)    Each of the parties hereto expressly intends and agrees that the transfers contemplated and
effected under this Agreement are complete and absolute sales, transfers, assignments and contributions rather than pledges or assignments of only a security interest and shall be given effect as such for all purposes. It is further the intention of
the parties hereto that the Receivables and the related Transferred Assets shall not be part of the Seller’s estate in the event of a bankruptcy or insolvency of the Seller. The sales and transfers by the Seller of the Receivables and related
Transferred Assets hereunder are and shall be without recourse to, or representation or warranty (express or implied) by, the Seller, except as otherwise specifically 

  

					
		 	6	 	

 
provided herein. The limited rights of recourse specified herein against the Seller are intended to provide a remedy for breach of representations and warranties relating to the condition of the
property sold, rather than to the collectability of the Receivables. 
 (b)    Notwithstanding the
foregoing, in the event that the Receivables and other Transferred Assets are held to be property of the Seller, or if for any reason this Agreement is held or deemed to create indebtedness or a security interest in the Receivables and other
Transferred Assets, then it is intended that: 
  

	 	(i)	 This Agreement shall be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New
York UCC and the UCC of any other applicable jurisdiction; 

  

	 	(ii)	 The conveyance provided for in Section 2.1 shall be deemed to be a grant by the
Seller of, and the Seller hereby grants to the Issuer, a security interest in all of its right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to the Receivables and other
Transferred Assets, to secure such indebtedness and the performance of the obligations of the Seller hereunder; 

  

	 	(iii)	 The possession by the Issuer or its agent of the Receivable Files and any other property that constitute
instruments, money, negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by the purchaser or a Person designated by such purchaser, for purposes of perfecting the security interest
pursuant to the New York UCC and the UCC of any other applicable jurisdiction; and 

  

	 	(iv)	 Notifications to Persons holding such property, and acknowledgments, receipts or confirmations from Persons
holding such property, shall be deemed to be notifications to, or acknowledgments, receipts or confirmations from, bailees or agents (as applicable) of the Issuer for the purpose of perfecting such security interest under applicable law.

 SECTION 4.2    Notices, Etc. All demands, notices and communications
hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile or email (if
an applicable facsimile number or email address is provided on Schedule I to this Agreement), and addressed in each case as specified on Schedule I to this Agreement or at such other address as shall be designated by any of the
specified addressees in a written notice to the other parties hereto. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of such Noteholder as shown in the Note Register.
Delivery shall occur only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder; provided, however, that any
notice to a Noteholder mailed within the time and manner prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 

  

					
		 	7	 	

 SECTION 4.3    Choice of Law. THIS AGREEMENT SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

SECTION 4.4    Headings. The section headings hereof have been inserted for convenience of
reference only and shall not be construed to affect the meaning, construction or effect of this Agreement. 
 SECTION
4.5    Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, regardless of whether delivered in physical or electronic form, but all of
such counterparts shall together constitute but one and the same instrument. 
 SECTION
4.6    Amendment. 
 (a)    Any term or provision of this Agreement
(including Appendix A hereto) may be amended by the Seller without the consent of the Indenture Trustee, any Noteholder, the Delaware Trustee, the Owner Trustee or any other Person subject to the satisfaction of one of the following
conditions: 
  

	 	(i)	 The Seller delivers an Opinion of Counsel or an Officer’s Certificate to the Indenture Trustee to the
effect that such amendment will not materially and adversely affect the interests of the Noteholders; or 

  

	 	(ii)	 The Rating Agency Condition is satisfied with respect to such amendment and the Seller notifies the Indenture
Trustee in writing that the Rating Agency Condition is satisfied with respect to such amendment. 

(b)    This Agreement (including Appendix A) may also be amended from time to time by the Seller,
with the consent of the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying
in any manner the rights of the Noteholders or the Certificateholders. It will not be necessary for the Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if the Noteholders approve the
substance thereof. The manner of obtaining such consents (and any other consents of the Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the Noteholders will be subject to such reasonable
requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 

(c)    Prior to the execution of any amendment pursuant to this Section 4.6, the
Seller shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment, the Seller shall furnish a copy of such amendment to each Rating Agency, the Issuer and the
Indenture Trustee; provided, that no 

  

					
		 	8	 	

 
amendment pursuant to this Section 4.6 shall be effective which materially and adversely affects the rights, protections or duties of the Owner Trustee the Delaware
Trustee, or the Indenture Trustee without the prior written consent of such Person. 
 (d)    Prior to
the execution of any amendment to this Agreement, the Delaware Trustee, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is
authorized or permitted by this Agreement and an Officer’s Certificate of the Seller or the Administrator that all conditions precedent to the execution and delivery of such amendment have been satisfied. 

(e)    Notwithstanding subsections (a) or (b) of this
Section 4.6, this Agreement may only be amended by the Seller if (i) the Majority Certificateholders consent to such amendment or (ii) such amendment shall not, as evidenced by an Officer’s Certificate of the
Seller or an Opinion of Counsel delivered to the Delaware Trustee, the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for the Certificateholders to approve
the particular form of any proposed amendment or consent, but will be sufficient if the Certificateholders approve the substance thereof. The manner of obtaining such consents (and any other consents of the Certificateholders provided for in this
Agreement) and of evidencing the authorization of the execution thereof by the Certificateholders will be subject to such reasonable requirements as the Owner Trustee may prescribe. 

SECTION 4.7    Waivers. No failure or delay on the part of the Seller, the Issuer or the Indenture
Trustee in exercising any power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further
exercise thereof or the exercise of any other power or right. No notice to or demand on the Issuer or the Seller in any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by either party under this
Agreement shall, except as may otherwise be stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval under this Agreement shall require any similar or dissimilar waiver or approval thereafter to be granted
hereunder. 
 SECTION 4.8    Entire Agreement. The Transaction Documents contain a final and
complete integration of all prior expressions by the parties hereto with respect to the subject matter thereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof, superseding all prior oral
or written understandings. There are no unwritten agreements among the parties. 
 SECTION
4.9    Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement. 

SECTION 4.10    Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and permitted assigns. This 

  

					
		 	9	 	

 
Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties
hereto shall agree. 
 SECTION 4.11    Acknowledgment and Agreement. By execution below, the
Seller expressly acknowledges and consents to the Grant of a security interest in the Receivables and the other Transferred Assets by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the
Seller hereby acknowledges and agrees that for so long as the Notes are outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Issuer under this Agreement in the event that the Issuer shall fail
to exercise the same. 
 SECTION 4.12    Cumulative Remedies. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 SECTION 4.13    Nonpetition
Covenant. Each party hereto agrees that, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such
party shall not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such
Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar
official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced
against such Bankruptcy Remote Party, or to make a general assignment for the benefit of its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party and (ii) such party shall not commence or join with any
other Person in commencing any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination
of this Agreement. 
 SECTION 4.14    Submission to Jurisdiction; Waiver of Jury Trial. Each of
the parties hereto hereby irrevocably and unconditionally: 
 (a)    submits for itself and its property
in any Proceeding relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State
of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 

(b)    consents that any such Proceeding may be brought in such courts and waives any objection that it
may now or hereafter have to the venue of such Proceeding in any such court or that such Proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

  

					
		 	10	 	

 (c)    agrees that service of process in any such Proceeding
may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 4.2 of this
Agreement; 
 (d)    agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(e)    to the extent permitted by applicable law, each party hereto irrevocably waives all right of
trial by jury in any Proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder. 

SECTION 4.15    Limitation of Liability of Owner Trustee. It is expressly understood and agreed by
the parties hereto that (i) this Agreement is executed and delivered by The Bank of New York Mellon, not individually or personally but solely as Owner Trustee of the Issuer, in the exercise of the powers and authority conferred and vested in
it, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by The Bank of New York Mellon but is made and intended
for the purpose of binding only the Issuer, (iii) nothing herein contained shall be construed as creating any liability on The Bank of New York Mellon, individually or personally, to perform any covenant either expressed or implied contained
herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (iv) The Bank of New York Mellon has made no investigation as to the accuracy or completeness
of any representations and warranties made by the Issuer in this Agreement and (v) under no circumstances shall The Bank of New York Mellon be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the
breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related document. 

SECTION 4.16    Information Requests. The parties hereto shall provide any information reasonably
requested by the Issuer, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 

[Signatures Follow] 

  

					
		 	11	 	

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day
and year first written above. 
  

			
	
FIFTH THIRD HOLDINGS FUNDING, LLC

			
		
	 By:    
	 	  

		 	 Name:

		 	 Title:

  

					
		 	S-1	 	

 
			
	 FIFTH THIRD AUTO TRUST 2017-1

		
	 By:      
	 	The Bank of New York Mellon, not in its individual capacity but solely as Owner Trustee
		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

					
		 	S-2	 	

 EXHIBIT A 

FORM OF ASSIGNMENT PURSUANT TO 

SALE AGREEMENT 

September 20, 2017 

For value received, in accordance with the Sale Agreement (the “Agreement”), dated as of September 20,
2017, between Fifth Third Auto Trust 2017-1, a Delaware statutory trust (the “Issuer”), and Fifth Third Holdings Funding, LLC, a Delaware limited liability company (the
“Seller”), on the terms and subject to the conditions set forth in the Agreement, the Seller does hereby sell, transfer, assign and otherwise convey to the Issuer without recourse (subject to the obligations in the Agreement) on
September 20, 2017, all of its right, title, interest, claims and demands in, to and under the Transferred Assets, whether now owned or hereafter acquired. 

The foregoing sale does not constitute and is not intended to result in any assumption by the Issuer of any obligation of the
undersigned, FTH LLC or the Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables, or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto.

 This assignment is made pursuant to and upon the representations, warranties and agreements on the part of the
undersigned contained in the Agreement and is governed by the Agreement. 
 Capitalized terms used herein and not otherwise
defined shall have the respective meanings assigned to them in Appendix A to the Agreement. 
 [Remainder of page intentionally left blank.]

  

					
		 	Exhibit A-1	 	

 IN WITNESS WHEREOF, the undersigned has caused this assignment to be duly
executed as of the date first above written. 
  

			
	FIFTH THIRD HOLDINGS FUNDING, LLC

 
			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  

					
		 	Exhibit A-2	 	

 SCHEDULE I 

NOTICE ADDRESSES 
 If to
the Issuer: 
 Fifth Third Auto Trust 2017-1 

c/o The Bank of New York Mellon 

101 Barclay Street 
 Floor 7 West

 New York, New York 10286 

Facsimile: (212) 815-3883 

Email: Jacqueline.Kuhn@bnymellon.com 

Attention: Asset Backed Securities Unit – Fifth Third Bank 2017-1 

If to the Owner Trustee: 
 The
Bank of New York Mellon 
 101 Barclay Street 

Floor 7 West 
 New York, New York
10286 
 Facsimile: (212) 815-3883 

Email: Jacqueline.Kuhn@bnymellon.com 

Attention: Asset Backed Securities Unit – Fifth Third Bank 2017-1 

If to the Delaware Trustee: 

BNY Mellon Trust of Delaware 

301 Bellevue Parkway 
 3rd Floor 
 Wilmington, Delaware 19809 

Facsimile: (302) 791-3625 

Email: kris.gullo@bnymellon.com 

Attention: Corporate Trust Administration 

If to the Indenture Trustee: 

Wilmington Trust, National Association 

Rodney Square North 
 1100 North
Market Street 
 Wilmington, Delaware 19890 

Facsimile: (302) 636-4140 

Attention: Corporate Trust Administration 

If to Seller: 

  

					
		 	Schedule I-1	 	

 Fifth Third Holdings Funding, LLC 

1701 Golf Road 
 Tower 1, 9th Floor 
 Rolling Meadows, Illinois 60008 

Facsimile no. 312-704-4380 

Email: Eric.Smith@53.com 

Attention: Eric Smith 
 With a
copy to: 
 Fifth Third Legal Department 

38 Fountain Square Plaza 
 MD
10909F 
 Cincinnati, Ohio 45263 

Facsimile no. 513-534-6757 

Email: Sam.Lind@53.com 

Attention: Sam Lind 
 If to the
Servicer or Sponsor: 
 Fifth Third Bank 

38 Fountain Square Plaza 

Cincinnati, Ohio 45263 
 Email:
Nathan.Steuber@53.com 
 Attention: Nathan Steuber 

With a copy to: 
 Fifth Third
Bank 
 38 Fountain Square Plaza 

Cincinnati, Ohio 45263 
 Email:
Sam.Lind@53.com 
 Attention: Sam Lind 

  

					
		 	Schedule I-2	 	

 SCHEDULE II 

PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 

In addition to the representations, warranties and covenants contained in the Agreement, the Seller hereby represents, warrants and covenants
to the Issuer as follows on the Closing Date: 
 General 

1.    This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the
Receivables and the other Transferred Assets in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller. 

2.    The Receivables constitute “chattel paper” (including “electronic chattel paper” or
“tangible chattel paper”), “accounts”, “instruments”, “promissory notes”, “payment intangibles” or “general intangibles”, within the meaning of the applicable UCC. 

3.    Immediately prior to the sale, transfer, contribution, assignment and/or conveyance of a Receivable, such Receivable
is secured by a first priority validly perfected and enforceable security interest in the related Financed Vehicle in favor of the Originator, as secured party, or all necessary actions with respect to such Receivable have been taken or will be
taken to perfect a first priority security interest in the related Financed Vehicle in favor of the Originator, as secured party, subject, as to enforcement, to applicable bankruptcy, insolvency, reorganization, liquidation or other similar laws and
equitable principles relating to or affecting the enforcement of creditors’ rights generally. 
 Creation 

4.    Immediately prior to the sale, transfer, contribution, assignment and conveyance of a Receivable by the Seller to
the Issuer, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of the Issuer) and immediately after the sale, transfer, assignment and conveyance of such Receivable to the
Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any Lien. 
 5.    The
Seller has received all consents and approvals to the sale of the Receivables hereunder to the Issuer required by the terms of the Receivables that constitute instruments. 

Perfection 

6.    The Seller has submitted or will have caused to be submitted on, the effective date of this Agreement, the filing of
all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the sale of the Receivables from the Seller to the Issuer and the security interest in the Receivables granted
to the Issuer hereunder; and the Servicer, in its capacity as custodian, has in its possession the original copies of such instruments or tangible chattel paper that constitute or evidence the Receivables, and all financing statements referred to in
this paragraph contain a statement that: “A purchase of or 

  

					
		 	Schedule II-1	 	

 
security interest in any collateral described in this financing statement will violate the rights of the Secured Party/Purchaser”. 

7.    With respect to Receivables that constitute an instrument or tangible chattel paper, either: 

a. All original executed copies of each such instrument or tangible chattel paper have been delivered to the Indenture
Trustee, as pledgee of the Issuer; or 
 b. Such instruments or tangible chattel paper are in the possession of the Servicer
and the Indenture Trustee has received a written acknowledgment from the Servicer that the Servicer, in its capacity as custodian, is holding such instruments or tangible chattel paper solely on behalf and for the benefit of the Indenture Trustee,
as pledgee of the Issuer; or 
 c. The Servicer received possession of such instruments or tangible chattel paper after the
Indenture Trustee received a written acknowledgment from the Servicer that the Servicer is acting solely as agent of the Indenture Trustee, as pledgee of the Issuer. 

Priority 

8.    The Seller has not authorized the filing of, and is not aware of any financing statements against the Seller that
include a description of collateral covering the Receivables other than any financing statement (i) relating to the conveyance of the Receivables by the Bank to FTH LLC under the Receivables Sale Agreement, (ii) relating to the conveyance
of the Receivables by FTH LLC to the Seller under the Purchase Agreement, (iii) relating to the conveyance of the Receivables by the Seller to the Issuer under the Sale Agreement, (iv) relating to the security interest granted to the
Indenture Trustee under the Indenture or (v) that has been terminated. 
 9.    The Seller is not aware of any
material judgment, ERISA or tax lien filings against the Seller. 
 10.  Neither the Seller nor a custodian or vaulting agent
thereof holding any Receivable that is electronic chattel paper has communicated an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of any loan agreement that constitutes
or evidences such Receivable to any Person other than the Servicer. 
 11.  None of the instruments, electronic chattel paper or
tangible chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than FTH LLC, the Seller, the Issuer or the Indenture Trustee.

 Survival of Perfection Representations 

12.  Notwithstanding any other provision of the Sale Agreement or any other Transaction Document, the perfection representations,
warranties and covenants contained in this Schedule III shall be continuing, and remain in full force and effect until such time as all obligations under the Transaction Documents and the Notes have been finally and fully paid and performed.

  

					
		 	Schedule II-2	 	

 No Waiver 

13.  The Issuer shall provide the Rating Agencies with prompt written notice of any material breach of the perfection
representations, warranties and covenants contained in this Schedule II, and shall not, without satisfying the Rating Agency Condition, waive a breach of any of such perfection representations, warranties or covenants. 

  

					
		 	Schedule II-3	 	

 APPENDIX A 

DEFINITIONS 
 (see
attached) 

  

					
		 		 	

 APPENDIX A 

DEFINITIONS 

The following terms have the meanings set forth, or referred to, below: 

“60-Day Delinquent Receivables” means all Receivables outstanding and
held by the Issuer (other than Purchased Receivables and Defaulted Receivables) that are 60 or more days delinquent, as determined in accordance with the Servicer’s Customary Servicing Practices. 

“AAA” means the American Arbitration Association. 

“Accrued Note Interest” means, with respect to any Payment Date, the sum of the Noteholders’ Monthly
Accrued Interest for such Payment Date and the Noteholders’ Interest Carryover Shortfall for such Payment Date. 

“Act” has the meaning set forth in Section 11.3(a) of the Indenture. 

“Administration Agreement” means the Administration Agreement, dated as of the Closing Date, among the
Administrator, the Issuer and the Indenture Trustee, as the same may be amended and supplemented from time to time. 

“Administrator” means the Bank, or any successor Administrator under the Administration Agreement. 

“Advisers Act” means the Investment Advisers Act of 1940, as amended. 

“Affiliate” means, for any specified Person, any other Person which, directly or indirectly, controls, is
controlled by or is under common control with such specified Person and “affiliated” has a meaning correlative to the foregoing. For purposes of this definition, “control” means the power, directly or indirectly, to cause the
direction of the management and policies of a Person. 
 “Applicable Tax State” means, as of any
date, each State as to which any of the following is then applicable: (a) a State in which the Owner Trustee maintains its Corporate Trust Office, (b) a State in which the Owner Trustee maintains its principal executive offices or
(c) the State of Ohio or the State of Illinois. 
 “Asset Representations Review” has the meaning set
forth in Section 1.2 of the Asset Representations Review Agreement. 
 “Asset
Representations Review Agreement” means the asset representations review agreement, dated as of September 20, 2017, among the Issuer, the Servicer and the Asset Representations Reviewer. 

“Asset Representations Reviewer” means Clayton Fixed Income Services LLC. 

“Asset Representations Reviewer Fees and Expenses” means all of the accrued and unpaid Asset Representations
Reviewer’s fees and any amounts due to the Asset Representations 

  

					
		 	A-1	 	

 
Reviewer for reimbursement of expenses or in respect of indemnification to the extent not previously paid to the Asset Representations Reviewer by the Servicer. 

“Authenticating Agent” means any Person authorized by the Indenture Trustee to act on behalf of the Indenture
Trustee to authenticate and deliver the Notes. 
 “Authorized Newspaper” means a newspaper of general
circulation in the City of New York, printed in the English language and customarily published on each Business Day, whether or not published on Saturdays, Sundays and holidays. 

“Authorized Officer” means (a) with respect to the Issuer, (i) any officer of the Owner Trustee who
is authorized to act for the Owner Trustee in matters relating to the Issuer and who is identified on the list of Authorized Officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date (as such list may be modified or
supplemented from time to time thereafter) or (ii) so long as the Administration Agreement is in effect, any officer of the Administrator who is authorized to act for the Administrator in matters relating to the Issuer pursuant to the
Administration Agreement and who is identified on the list of Authorized Officers delivered by the Administrator to the Owner Trustee and the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time
thereafter) and (b) with respect to the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Note Registrar and the Servicer, any officer of the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Note Registrar or the
Servicer, as applicable, who is authorized to act for the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Note Registrar or the Servicer, as applicable, in matters relating to the Owner Trustee, the Delaware Trustee, the Indenture
Trustee, the Note Registrar or the Servicer and who is identified on the list of Authorized Officers delivered by each of the Owner Trustee, the Delaware Trustee, the Indenture Trustee and the Servicer to the Indenture Trustee on the Closing Date or
by the Note Registrar on the date of its appointment as such (as such list may be modified or supplemented from time to time thereafter). 

“Available Funds” means, for any Payment Date and the related Collection Period, an amount equal to the sum
of the following amounts: (i) all Collections received by the Servicer during such Collection Period, (ii) the sum of the Repurchase Prices deposited into the Collection Account with respect to each Receivable that is to become a
Repurchased Receivable on such Payment Date, (iii) the Reserve Account Excess Amount for such Payment Date and (iv) the Optional Purchase Price deposited into the Collection Account in connection with the exercise of the Optional Purchase.

 “Available Funds Shortfall Amount” means, as of any Payment Date, the amount by which the sum of the
amounts required to be paid pursuant to clauses first through third of Section 8.5(a) of the Indenture exceeds the Available Funds for such Payment Date. 

“Bank” means Fifth Third Bank, an Ohio banking corporation, and its successors and assigns. 

“Bank Transferred Assets” has the meaning set forth in Section 2.1 of the
Receivables Sale Agreement. 

  

					
		 	A-2	 	

 “Bankruptcy Code” means the United States Bankruptcy Code, 11
U.S.C. 101 et seq., as amended. 
 “Bankruptcy Event” means, with respect to any Person, (i) the
filing of a decree or order for relief by a court having jurisdiction in the premises in respect of such Person in an involuntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or
appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person, or ordering the winding-up or liquidation of such Person’s affairs, and such decree or
order shall remain unstayed and in effect for a period of 90 consecutive days or (ii) the commencement by such Person of a voluntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in
effect, or the consent by such Person to the entry of an order for relief in an involuntary case under any such law, or the consent by such Person to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee,
sequestrator or similar official of such Person, or the making by such Person of any general assignment for the benefit of creditors, or the failure by such Person generally to pay its debts as such debts become due, or the taking of action by such
Person in furtherance of any of the foregoing. 
 “Bankruptcy Remote Party” means each of the Seller, the
Issuer, any other trust created by the Seller or any limited liability company or corporation wholly-owned by the Seller. 

“Benefit Plan” means (i) any “employee benefit plan” as defined in Section 3(3) of ERISA,
which is subject to Title I of ERISA, (ii) a “plan” as described by Section 4975(e)(1) of the Code, which is subject to Section 4975 of the Code or (iii) any entity deemed to hold the assets of any of the foregoing by
reason of such employee benefit plan’s or other plan’s investment in the entity. 
 “Book-Entry
Notes” means a beneficial interest in the Notes, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 2.10 of the Indenture. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the
states of Delaware, Ohio, Illinois or New York, or in the states in which the Corporate Trust Office of the Indenture Trustee is located, are authorized or obligated by law, executive order or government decree to be closed. 

“Certificate” means a certificate substantially in the form of Exhibit A to the Trust Agreement
evidencing a beneficial interest in the Issuer. For the avoidance of doubt, the references in the Transaction Documents to a “Certificate” or a “Certificateholder”, unless the context otherwise requires, shall be deemed to be
references to “Certificates” or “Certificateholders” if more than one Certificate has been issued. 

“Certificate Distribution Account” means the account designated as such, established and maintained to the extent required by
Section 8.2(a)(iv) of the Indenture. 
 “Certificate of Title” means, with
respect to any Financed Vehicle, the certificate of title or other documentary evidence of ownership of such Financed Vehicle as issued by the department, agency or official of the jurisdiction (whether in paper or electronic form) in which

  

					
		 	A-3	 	

 
such Financed Vehicle is titled and which is responsible for accepting applications for, and maintaining records regarding, certificates of title and liens thereon. 

“Certificate of Trust” means the certificate of trust for the Issuer filed on August 21, 2017 by the
Owner Trustee and the Delaware Trustee pursuant to the Statutory Trust Statute. 
 “Certificate Paying Agent” means The
Bank of New York Mellon or any other Person appointed as the successor Certificate Paying Agent pursuant to Section 3.7 of the Trust Agreement. 

“Certificate Register” and “Certificate Registrar” have the respective meanings set forth in
Section 3.4 of the Trust Agreement. 
 “Certificateholder” means as of any date,
the Person in whose name a Certificate is registered on the Certificate Register on such date. 
 “Class”
means a group of Notes whose form is identical except for variation in denomination, principal amount or owner, and references to “each Class” thus mean each of the Class A-1 Notes, the Class A-2-A Notes, the Class A-2-B Notes, the
Class A-3 Notes and the Class A-4 Notes. 

“Class A-1 Final Scheduled Payment Date” means the
Payment Date occurring in September 17, 2018. 

“Class A-1 Interest Rate” means 1.30000% per annum
(computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year). 

“Class A-1 Note Balance” means, at any time, the
Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes. 

“Class A-1 Noteholder” means the Person in whose
name a Class A-1 Note is registered on the Note Register. 

“Class A-1 Notes” means the Class of auto
loan asset backed notes designated as Class A-1 Notes, issued in accordance with the Indenture. 

“Class A-2-A Final
Scheduled Payment Date” means the Payment Date occurring in April 15, 2020. 
 “Class A-2-A Interest Rate” means 1.59% per annum (computed on the basis of a 360-day year of twelve 30-day months). 
 “Class A-2-A Note Balance” means, at any time, the Initial Class A-2-A Note Balance reduced by all payments of
principal made prior to such time on the Class A-2-A Notes. 

“Class A-2-A
Noteholder” means the Person in whose name a Class A-2-A Note is registered on the Note Register. 

  

					
		 	A-4	 	

“Class A-2-A Notes” means
the Class of auto loan asset backed notes designated as Class A-2-A Notes, issued in accordance with the Indenture. 

“Class A-2-B Final
Scheduled Payment Date” means the Payment Date occurring in April 15, 2020. 
 “Class A-2-B Interest Rate” means LIBOR + 0.15% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but
assuming a 360-day year); provided, that if the sum of LIBOR + 0.15% is less than 0.00% for an Interest Period, then the
Class A-2-B Interest Rate for such Interest Period is 0.00%. 

“Class A-2-B Note Balance”
means, at any time, the Initial Class A-2-B Note Balance reduced by all payments of principal made prior to such time on the Class A-2-B Notes. 
 “Class A-2-B Noteholder” means the Person in whose name a Class A-2-B Note is
registered on the Note Register. 

“Class A-2-B Notes” means
the Class of auto loan asset backed notes designated as Class A-2-B Notes, issued in accordance with the Indenture. 

“Class A-2 Notes” means, collectively, the Class A-2-A Notes and the Class A-2-B Notes. 

“Class A-3 Final Scheduled Payment Date” means the
Payment Date occurring in February 15, 2022. 

“Class A-3 Interest Rate” means 1.80% per annum
(computed on the basis of a 360-day year of twelve 30-day months). 

“Class A-3 Note Balance” means, at any time, the
Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes. 

“Class A-3 Noteholder” means the Person in whose
name a Class A-3 Note is registered on the Note Register. 

“Class A-3 Notes” means the Class of auto
loan asset backed notes designated as Class A-3 Notes, issued in accordance with the Indenture. 

“Class A-4 Final Scheduled Payment Date” means the
Payment Date occurring in July 15, 2024. 
 “Class A-4 Interest
Rate” means 2.03% per annum (computed on the basis of a 360-day year of twelve 30-day months). 

“Class A-4 Note Balance” means, at any time, the Initial Class A-4 Note Balance reduced by all payments of principal made prior to such time on the Class A-4 Notes. 

  

					
		 	A-5	 	

 “Class A-4
Noteholder” means the Person in whose name a Class A-4 Note is registered on the Note Register. 

“Class A-4 Notes” means the Class of auto loan asset backed
notes designated as Class A-4 Notes, issued in accordance with the Indenture. 

“Clearing Agency” means an organization registered as a “clearing agency” pursuant to
Section 17A of the Exchange Act and shall initially be DTC. 
 “Clearing Agency Participant” means a
broker, dealer, bank or other financial institution or other Person for which from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 

“Closing Date” means September 20, 2017. 

“Code” means the Internal Revenue Code of 1986, as amended, modified or supplemented from time to time, and
any successor law thereto, and the regulations promulgated and the rulings issued thereunder. 

“Collateral” has the meaning set forth in the Granting Clause of the Indenture. 

“Collection Account” means the trust account established and maintained pursuant to
Section 8.2(a)(i) of the Indenture. 
 “Collection Period” means the period
commencing on the first day of each calendar month and ending on the last day of such calendar month (or, in the case of the initial Collection Period, the period commencing on the Cut-Off Date and ending on
September 30, 2017). As used herein, the “related” Collection Period with respect to a Payment Date shall be deemed to be the Collection Period which precedes such Payment Date. 

“Collections” means, with respect to the Receivables and to the extent received by the Servicer after
the Cut-Off Date, (A) the sum of (i) any monthly payment by or on behalf of the Obligor thereunder, (ii) any full or partial prepayment of such Receivables, (iii) all Liquidation Proceeds
and (iv) any other amounts received by the Servicer which, in accordance with the Customary Servicing Practices, would customarily be applied to the payment of accrued interest or to reduce the Outstanding Principal Balance of a Receivable less
(B) all Liquidation Expenses; provided, however, that the term “Collections” in no event will include (1) for any Payment Date, any amounts in respect of any Receivable the Repurchase Price of which
has been included in the Available Funds on a prior Payment Date, (2) any Supplemental Servicing Fees or (3) rebates of premiums with respect to the cancellation or termination of any Insurance Policy, extended warranty or service contract
that was not financed by such Receivable. 
 “Commission” means the U.S. Securities and Exchange
Commission. 
 “Computation Agent” means the Person appointed by a majority of the Noteholders evidencing at least a
majority of the Outstanding Note Balance (or, if no Notes are Outstanding, by the Majority Certificateholders) to fulfill the role of Computation Agent pursuant to Sections 12.5(c), 12.5(e)(ii) and 12.5(e)(iii)(a) of the
Indenture. For the avoidance of doubt, the Indenture 

  

					
		 	A-6	 	

 
Trustee or Owner Trustee may (but are not required to) serve in this role, and the Indenture Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to
Section 6.7 of the Indenture, and the Owner Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to Section 8.1 of the Trust Agreement. 

“Contract” means, with respect to any Receivable, the motor vehicle retail installment sale contract and/or note and security
agreement, the installment loan agreement, any amendments thereto and any related documentary draft, if applicable, evidencing such Receivable. 

“Contract Rate” means, with respect to a Receivable, the rate per annum at which interest accrues under the
Contract evidencing such Receivable. Such rate may be less than the “Annual Percentage Rate” disclosed in the Receivable. 

“Corporate Trust Office” means: 

(a)      as used with respect to the Indenture Trustee, the principal office of the Indenture
Trustee at which at any particular time its corporate trust business shall be administered, which office at the date of the execution of the Indenture is located at Rodney Square North, 1100 North Market Street, Wilmington, DE 19890 (facsimile no.
(302) 636-4140), Attention: Corporate Trust Administration, or at such other address as the Indenture Trustee may designate from time to time by notice to the Noteholders, the Administrator, the Servicer and
the Issuer, or the principal corporate trust office of any successor Indenture Trustee (the address of which the successor Indenture Trustee will notify the Noteholders, the Administrator, the Servicer, the Delaware Trustee and the Owner Trustee);

 (b)      as used with respect to Owner Trustee, the corporate trust office of the Owner
Trustee located at 101 Barclay Street, Floor 7 West, New York, New York 10286 (facsimile no. 212-815-3883), Attention: Asset Backed Securities Unit – Fifth Third
Bank 2017-1 or at such other address as the Owner Trustee may designate by notice to the Certificateholder and the Seller, or the principal corporate trust office of any successor Owner Trustee (the address of
which the successor Owner Trustee will notify the Certificateholder and the Seller); and 

(c)      as used with respect to Delaware Trustee, the corporate trust office of the Delaware
Trustee located at 301 Bellevue Parkway, 3rd Floor, Wilmington, Delaware 19809 (facsimile no. (302) 791-3610), Attention: Corporate Trust Administration or
at such other address as the Delaware Trustee may designate by notice to the Certificateholder and the Seller, or the principal corporate trust office of any successor Delaware Trustee (the address of which the successor Delaware Trustee will notify
the Certificateholder and the Seller). 
 “Customary Servicing Practices” means the customary servicing
practices of the Servicer or any Sub-Servicer with respect to all comparable motor vehicle receivables that the Servicer or such Sub-Servicer, as applicable, services
for itself or others, as such practices may be changed from time to time, it being understood that the Servicer and the Sub-Servicers may not have the same “Customary Servicing Practices”.

 “Cut-Off Date” means the close of business on July 31,
2017. 

  

					
		 	A-7	 	

 “Dealer” means a motor vehicle dealership. 

“Default” means any occurrence that is, or with notice or lapse of time or both would become, an Event of
Default. 
 “Defaulted Receivable” means a Receivable (other than a Repurchased Receivable), which the Servicer has charged-off in accordance with its Customary Servicing Practices. 
 “Definitive
Note” means a definitive fully registered Note issued pursuant to Section 2.12 of the Indenture. 

“Delaware Trustee” means BNY Mellon Trust of Delaware, a Delaware banking corporation, not in its individual
capacity but solely as Delaware trustee under the Trust Agreement, and any successor Delaware Trustee thereunder. 

“Delinquency Percentage” means, for each Payment Date, an amount equal to the ratio (expressed as a
percentage) of (i) the Net Pool Balance of all 60-Day Delinquent Receivables as of the last day of the calendar month immediately preceding such Payment Date to (ii) the Net Pool Balance of all
outstanding Receivables held by the Issuer as of the last day of the calendar month immediately preceding such Payment Date. 

“Delinquency Trigger” means, for any Payment Date and the related preceding calendar month, 5.28%. 

“Delivery” when used with respect to Trust Account Property means: 

(a)      with respect to (I) bankers’ acceptances, commercial paper, negotiable
certificates of deposit and other obligations that constitute “instruments” as defined in Section 9-102(a)(47) of the UCC and are susceptible of physical delivery, transfer of actual possession
thereof to the Indenture Trustee or its nominee or custodian by physical delivery to the Indenture Trustee or its nominee or custodian endorsed to the Indenture Trustee or its nominee or custodian or endorsed in blank and (II) with respect to a
“certificated security” (as defined in Section 8-102(a)(4) of the UCC) transfer of actual possession thereof (i) by physical delivery of such certificated security to the Indenture Trustee
or its nominee or custodian endorsed to, or registered in the name of, the Indenture Trustee or its nominee or custodian or endorsed in blank, or to another person, other than a “securities intermediary” (as defined in Section 8-102(a)(14) of the UCC), who acquires possession of the certificated security on behalf of the Indenture Trustee or its nominee or custodian or, having previously acquired possession of the
certificate, acknowledges that it holds for the Indenture Trustee or its nominee or custodian or (ii) if such certificated security is in registered form, by delivery thereof to a “securities intermediary”, endorsed to or registered
in the name of the Indenture Trustee or its nominee or custodian, and the making by such “securities intermediary” of entries on its books and records identifying such certificated securities as belonging to the Indenture Trustee or its
nominee or custodian and the sending by such “securities intermediary” of a confirmation of the purchase of such certificated security by the Indenture Trustee or its nominee or custodian (all of the foregoing, “Physical
Property”), and, in any event, any such Physical Property in registered form shall be in the name of the Indenture Trustee or its nominee or custodian; and such additional or alternative procedures as may hereafter become appropriate to
effect the complete transfer of ownership of any such Trust 

  

					
		 	A-8	 	

 
Account Property to the Indenture Trustee or its nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof; 

(b)      with respect to any securities issued by the U.S. Treasury, the Federal Home Loan
Mortgage Corporation, the Federal National Mortgage Association or the other government agencies, instrumentalities and establishments of the United States identified in Appendix A to Federal Reserve Bank Operating Circular No. 7 as in effect
from time to time that is a “book-entry security” (as such term is defined in Federal Reserve Bank Operating Circular No. 7) held in a securities account and eligible for transfer through the Fedwire® Securities Service operated
by the Federal Reserve System pursuant to Federal book-entry regulations, the following procedures, all in accordance with applicable law, including applicable Federal regulations and Articles 8 and 9 of the UCC: book-entry registration of such
Trust Account Property to an appropriate securities account maintained with a Federal Reserve Bank by a “participant” (as such term is defined in Federal Reserve Bank Operating Circular No. 7) that is a “depository
institution” (as defined in Section 19(b)(1)(A) of the Federal Reserve Act) pursuant to applicable Federal regulations, and issuance by such depository institution of a deposit notice or other written confirmation of such book-entry
registration to the Indenture Trustee or its nominee or custodian of the purchase by the Indenture Trustee or its nominee or custodian of such book-entry securities; the making by such depository institution of entries in its books and records
identifying such book entry security held through the Federal Reserve System pursuant to Federal book-entry regulations or a security entitlement thereto as belonging to the Indenture Trustee or its nominee or custodian and indicating that such
depository institution holds such Trust Account Property solely as agent for the Indenture Trustee or its nominee or custodian; and such additional or alternative procedures as may hereafter become appropriate to effect complete transfer of
ownership of any such Trust Account Property to the Indenture Trustee or its nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof; and 

(c)      with respect to any item of Trust Account Property that is an “uncertificated
security” (as defined in Section 8-102(a)(18) of the UCC) and that is not governed by clause (b) above, (i) registration on the books and records of the issuer thereof in the name of the
Indenture Trustee or its nominee or custodian, or (ii) registration on the books and records of the issuer thereof in the name of another person, other than a securities intermediary, who acknowledges that it holds such uncertificated security
for the benefit of the Indenture Trustee or its nominee or custodian. 
 “Depositor” means the Seller in
its capacity as depositor under the Trust Agreement. 
 “Designated Certificateholder Account” means (a) so long as
the Depositor or one of its Affiliates is the sole Certificateholder, the account designated by such Certificateholder (which need not be under the control of the Owner Trustee) and (b) at any time thereafter, the Certificate Distribution
Account. 
 “Determination Date” means, for any Collection Period, the second Business Day preceding the
related Payment Date, beginning October 12, 2017. 
 “Dollar” and “$” mean lawful
currency of the United States of America. 

  

					
		 	A-9	 	

 “DTC” means The Depository Trust Company, and its successors.

 “Eligible Account” means: (a) a deposit account maintained with a federal or state chartered depository institution
or trust company that is an Eligible Institution or (b) with respect to Permitted Investments only, a segregated trust account maintained with the corporate trust department of a federal depository institution or state chartered depository
institution that is subject to federal or state regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. §9.10(b) which has corporate trust powers, acting in its fiduciary capacity, so long as any of the securities of
such depository institution have a credit rating from each Rating Agency in one of its generic rating categories which signifies investment grade. 

“Eligible Institution” means (a) in the case of deposit accounts or trust accounts in which
deposits are held for less than thirty (30) days, an institution whose long-term unsecured debt obligations are rated at least A by S&P and are rated at least A3 by Moody’s, and if such institution has a short-term rating from S&P,
an institution whose commercial paper, short-term debt obligations or other short-term deposits are rated at least A-1 by S&P and (b) in the case of deposit accounts or trust accounts in which
deposits are held for more than thirty (30) days, an institution whose commercial paper, short-term debt obligations or other short-term deposits are rated P-2 by Moody’s, and whose long-term
unsecured debt obligations are rated at least A by S&P, and if such institution has a short-term rating from S&P, an institution whose commercial paper, short-term debt obligations or other short-term deposits are rated at least A-1 by S&P. 
 “Eligible Receivable” means a Receivable meeting all
of the criteria set forth on Schedule I of the Receivables Sale Agreement as of the Closing Date. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Event of Default” has the meaning set forth in Section 5.1 of the Indenture. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exchange Act Reports” means any reports on Form 10-D, Form 8-K and Form 10-K filed or to be filed by the Seller with respect to the Issuer under the Exchange Act. 

“FATCA” means Sections 1471 through 1474 of the Code, any current or future regulations or official
interpretations thereunder or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code, any published intergovernmental agreement entered into in connection with the implementation the
foregoing and any fiscal or regulatory legislation, rules or official practices adopted pursuant to such published intergovernmental agreement. 

“FATCA Withholding Tax” means any withholding or deduction required pursuant to FATCA. 

“FDIC” means the Federal Deposit Insurance Corporation. 

  

					
		 	A-10	 	

 “FDIC Rule” means the FDIC’s rule regarding the treatment
by the FDIC, as receiver or conservator of an insured depository institution, of financial assets transferred by the institution in connection with a securitization or participation (12 C.F.R. § 360.6). 

“Fifth Third Parties” means, collectively, the Bank, FTH LLC, the Seller and the Issuer. 

“Final Scheduled Payment Date” means, with respect to (i) the
Class A-1 Notes, the Class A-1 Final Scheduled Payment Date, (ii) the
Class A-2-A Notes, the Class A-2-A Final Scheduled Payment Date, (iii) the
Class A-2-B Notes, the Class A-2-B Final Scheduled Payment Date, (iv) the Class A-3 Notes, the Class A-3 Final Scheduled Payment Date and (v) the Class A-4 Notes, the Class A-4 Final Scheduled Payment Date. 
 “Financed Vehicle” means
a new or used automobile, light-duty truck, van or other motor vehicle, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable. 

“First Allocation of Principal” means, for any Payment Date, an amount not less than zero equal to the excess, if any, of
(a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) the Net Pool Balance as of the last day of the related Collection Period;
provided, however, that the First Allocation of Principal on and after the Final Scheduled Payment Date for any Class of Notes will not be less than the amount that is necessary to reduce the Note Balance of that Class of
Notes to zero (after the application of the First Allocation of Principal). 
 “Form
10-D Disclosure Item” means, with respect to any Person, (a) any legal proceedings pending against such Person or of which any property of such Person is then subject, or (b) any proceedings
known to be contemplated by governmental authorities against such Person or of which any property of such Person would be subject, in each case that would be material to the Noteholders. 

“FTH LLC” means Fifth Third Holdings, LLC, a Delaware limited liability company, and its successors and
assigns. 
 “GAAP” means generally accepted accounting principles in the USA, applied on a materially
consistent basis. 
 “Governmental Authority” means any (a) federal, state, municipal, foreign or
other governmental entity, board, bureau, agency or instrumentality, (b) administrative or regulatory authority (including any central bank or similar authority) or (c) court or judicial authority. 

“Grant” means mortgage, pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer,
create, grant a lien upon and a security interest in and right of set-off against, deposit, set over and confirm pursuant to the Indenture. A Grant of the Collateral or of any other agreement or instrument
shall include all rights, powers and options (but none of the obligations) of the Granting party thereunder, including the immediate and continuing right to claim for, collect, receive and give receipt for principal and interest payments in respect
of the Collateral and all other moneys payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring proceedings in

  

					
		 	A-11	 	

 
the name of the Granting party or otherwise and generally to do and receive anything that the Granting party is or may be entitled to do or receive thereunder or with respect thereto. Other forms
of the verb “to Grant” shall have correlative meanings. 
 “Hague Securities Convention” means
the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities held with an Intermediary (concluded July 5, 2006). 

“Holder” means, as the context may require, the Certificateholder or a Noteholder or both. 

“Indenture” means the Indenture, dated as of the Closing Date, between the Issuer and Indenture Trustee, as
the same may be amended and supplemented from time to time. 
 “Indenture Trustee” means Wilmington Trust,
National Association, a national banking association, not in its individual capacity but as indenture trustee under the Indenture, or any successor indenture trustee under the Indenture. 

“Independent” means, when used with respect to any specified Person, that such Person (i) is in fact
independent of the Issuer, any other obligor upon the Notes, the Administrator and any Affiliate of any of the foregoing Persons, (ii) does not have any direct financial interest or any material indirect financial interest in the Issuer, any
such other obligor upon the Notes, the Administrator or any Affiliate of any of the foregoing Persons and (iii) is not connected with the Issuer, any such other obligor upon the Notes, the Administrator or any Affiliate of any of the foregoing
Persons as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions. 

“Independent Certificate” means a certificate or opinion to be delivered to the Indenture Trustee under the
circumstances described in, and otherwise complying with, the applicable requirements of Section 11.1 of the Indenture, made by an independent appraiser or other expert appointed by an Issuer Order, and such opinion or
certificate shall state that the signer has read the definition of “Independent” in this Appendix A and that the signer is Independent within the meaning thereof. 

“Initial Class A-1 Note Balance” means
$221,415,000. 
 “Initial
Class A-2-A Note Balance” means $225,000,000. 

“Initial
Class A-2-B Note Balance” means $79,000,000. 

“Initial Class A-3 Note Balance” means
$390,000,000. 
 “Initial Class A-4 Note
Balance” means $95,480,000. 
 “Initial Note Balance” means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2-A Note Balance, the Initial Class A-2-B Note Balance, the Initial Class A-3 Note Balance or the Initial Class A-4 Note Balance, as
applicable, or with respect to the Notes generally, the sum of the foregoing. 

  

					
		 	A-12	 	

 “Initial Reserve Account Deposit Amount” means an amount equal
to $2,646,340.85. 
 “Insurance Policy” means (i) any theft and physical damage insurance policy
maintained by the Obligor under a Receivable, providing coverage against loss or damage to or theft of the related Financed Vehicle, and (ii) any credit life or credit disability insurance maintained by an Obligor in connection with any
Receivable. 
 “Interest Period” means, with respect to any Payment Date, (a) with respect to the Class A-1 Notes and the Class A-2-B Notes, from and including the Closing Date (in the case of the first Payment Date) or
from and including the most recent Payment Date to but excluding that Payment Date (for example for a Payment Date in February, the Interest Period is from and including the Payment Date in January to but excluding the Payment Date in February) and
(b) for the Class A-2-A Notes, the Class A-3 Notes and the Class A-4
Notes, from and including the 15th day of the calendar month preceding that Payment Date (or from and including the Closing Date in the case of the first Payment Date) to but excluding the 15th day of the calendar month in which such Payment Date occurs. 

“Interest Rate” means (a) with respect to the Class A-1
Notes, the Class A-1 Interest Rate, (b) with respect to the Class A-2-A Notes, the
Class A-2-A Interest Rate, (c) with respect to the Class A-2-B Notes, the Class A-2-B Interest Rate, (d) with respect to the Class A-3 Notes, the
Class A-3 Interest Rate and (e) with respect to the Class A-4 Notes, the Class A-4 Interest Rate. 

“Issuer” means Fifth Third Auto Trust 2017-1, a Delaware statutory
trust established pursuant to the Trust Agreement and the filing of the Certificate of Trust, until a successor replaces it and, thereafter, means such successor. 

“Issuer Order” and “Issuer Request” means a written order or request of the Issuer signed in
the name of the Issuer by any one of its Authorized Officers and delivered to the Indenture Trustee. 
 “Item 1119
Party” means the Seller, the Bank, FTH LLC, the Servicer, the Indenture Trustee, the Owner Trustee, the Delaware Trustee, any underwriter of the Notes and any other material transaction party identified by the Seller, the Bank or FTH LLC to
the Indenture Trustee and the Owner Trustee in writing. 
 “LIBOR” means, subject to
Section 3.1(b) of the Indenture, with respect to any Interest Period (including the first Interest Period), the London interbank offered rate for deposits in U.S. Dollars having a maturity of one month commencing on the
related LIBOR Determination Date which appears on Bloomberg Screen BTMM Page (or any successor page) as of 11:00 a.m., London time, on such LIBOR Determination Date. If the rates used to determine LIBOR do not appear on the Bloomberg Screen
BTMM Page (or any successor page), the rates for that day will be determined on the basis of the rates at which deposits in U.S. Dollars, having a maturity of one month and in a principal amount of not less than U.S. $1,000,000 are offered at
approximately 11:00 a.m. London time, on such LIBOR Determination Date to prime banks in the London interbank market by the reference banks. The reference banks are the four major banks in the London interbank market selected by the Administrator.

  

					
		 	A-13	 	

 “LIBOR Determination Date” means the second London Business Day
prior to the Closing Date with respect to the first Payment Date and, as to each subsequent Payment Date, the second London Business Day prior to the immediately preceding Payment Date. 

“Lien” means, for any asset or property of a Person, a lien, security interest, mortgage, pledge or
encumbrance in, of or on such asset or property in favor of any other Person, except any Permitted Lien. 

“Liquidation Expenses” means, in the case of each of clauses (a) through (c) of the
definition of “Liquidation Proceeds”, any expenses (including without limitation, any auction, painting, repair or refurbishment expenses in respect of the related Financed Vehicle) incurred by the Servicer in connection therewith and any
payments required by law to be remitted to the Obligor. 
 “Liquidation Proceeds” means, with respect to
any Receivable, (a) insurance proceeds received by the Servicer with respect to the Insurance Policies, (b) amounts received by the Servicer in connection with such Receivable pursuant to the exercise of rights under such Receivable
and (c) the monies collected by the Servicer (from whatever source, including proceeds of a sale of a Financed Vehicle, a deficiency balance recovered from the Obligor after the charge-off of such
Receivable or as a result of any recourse against the related Dealer, if any) on such Receivable other than any monthly payments by or on behalf of the Obligor thereunder or any full or partial prepayment of such Receivable; provided,
however, that the Repurchase Price for any Receivable shall not constitute “Liquidation Proceeds.” 

“London Business Day” means any day other than a Saturday, Sunday or day on which banking institutions in
London, England are authorized or obligated by law or government decree to be closed. 
 “Majority
Certificateholders” means Certificateholders holding in the aggregate more than 50% of the Percentage Interests. 

“Moody’s” means Moody’s Investors Service, Inc., or any successor that is a nationally recognized
statistical rating organization. 
 “Net Pool Balance” means, as of any date, the aggregate Outstanding
Principal Balance of all Receivables (other than Defaulted Receivables) of the Issuer on such date. 
 “Non-Retained Notes” means any Notes that are not Retained Notes. 

“Note” means a Class A-1 Note, Class A-2-A Note, Class A-2-B Note, Class A-3 Note or Class A-4 Note, in each case substantially in the forms of Exhibit A to the Indenture. 

“Note Balance” means, with respect to any date of determination, for any Class, the Class A-1 Note Balance, the Class A-2-A Note Balance, the
Class A-2-B Note Balance, the Class A-3 Note Balance or the Class A-4 Note
Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing. 

  

					
		 	A-14	 	

 “Note Depository Agreement” means the agreement, dated as of the
Closing Date, between the Issuer and DTC, as the initial Clearing Agency relating to the Notes, as the same may be amended or supplemented from time to time. 

“Note Factor” means, with respect to the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such
Class of Notes, as applicable, as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of the Notes or such Class of Notes, as
applicable. 
 “Noteholder” means, as the context requires, all of the
Class A-1 Noteholders, the Class A-2-A Noteholders, the
Class A-2-B Noteholders, the Class A-3 Noteholders and the Class A-4
Noteholders or any of the foregoing. For the avoidance of doubt, the references in the Transaction Documents to a “Noteholder” shall be deemed to be references to “Noteholders” if the context requires. 

“Noteholders’ Interest Carryover Shortfall” means, with respect to any Payment Date, the excess, if any,
of (A) the sum of (i) the Noteholders’ Monthly Accrued Interest for the preceding Payment Date and (ii) any Noteholders’ Interest Carryover Shortfall for the preceding Payment Date, over (B) the amount in respect of
interest that is actually paid to Noteholders on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders on the preceding Payment Date, to the extent permitted by law, at the respective Interest
Rates borne by such Notes for the related Interest Period. 
 “Noteholders’ Monthly Accrued
Interest” means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2-A Notes, the Class A-2-B Notes, the Class A-3 Notes and the Class A-4 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of the related Class as of the immediately preceding Payment Date or, with respect to the First Payment
Date, as of the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders on or prior to such preceding Payment Date. 

“Note Owner” means, with respect to a Book-Entry Note, the Person who is the beneficial owner of such
Book-Entry Note, as reflected on the books of the Clearing Agency or a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of
such Clearing Agency). 
 “Note Register” and “Note Registrar” have the respective
meanings set forth in Section 2.4 of the Indenture. 
 “Obligor” means, for any
Receivable, each Person obligated to pay such Receivable. 
 “Officer’s Certificate” means
(i) with respect to the Issuer, a certificate signed by any Authorized Officer of the Issuer and (ii) with respect to the Seller, the Bank, FTH LLC or the Servicer, a certificate signed by the chairman of the board, the president, any
executive vice 

  

					
		 	A-15	 	

 
president, any vice president, any assistant vice president, the treasurer, any assistant treasurer or the controller of the Seller, FTH LLC, the Bank or the Servicer, as applicable. 

“Opinion of Counsel” means one or more written opinions of counsel who may, except as otherwise expressly
provided in the Indenture or any other applicable Transaction Document, be employees of or counsel to the Issuer, the Servicer, the Seller, the Bank, FTH LLC or the Administrator, and which opinion or opinions comply with any applicable requirements
of the Transaction Documents and are in form and substance reasonably satisfactory to the recipient(s). Opinions of Counsel need address matters of law only and may be based upon stated assumptions as to relevant matters of fact. 

“Optional Purchase” has the meaning set forth in Section 7.1 of the Servicing
Agreement. 
 “Optional Purchase Price” has the meaning set forth in Section 7.1
of the Servicing Agreement. 
 “Originator” means, with respect to any Receivable, the Bank. 

“Other Assets” means any assets (or interests therein) (other than the Trust Estate) conveyed or
purported to be conveyed by the Seller to another Person or Persons other than the Issuer, whether by way of a sale, capital contribution or by virtue of the granting of a lien. 

“Outstanding” means, as of any date, all Notes (or all Notes of an applicable Class, as applicable)
theretofore authenticated and delivered under the Indenture except: 

(i)        Notes (or Notes of an applicable Class) theretofore cancelled by the Note
Registrar or delivered to the Note Registrar for cancellation; 
 (ii)       Notes (or
Notes of an applicable Class) or portions thereof the payment for which money in the necessary amount has been theretofore deposited with the Indenture Trustee or any Paying Agent in trust for the related Noteholders (provided,
however, that if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to the Indenture or provision therefor, satisfactory to the Indenture Trustee, has been made); and 

(iii)      Notes (or Notes of an applicable Class) in exchange for or in lieu of other Notes (or
Notes of such Class) that have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a bona fide purchaser; 

provided, that in determining whether Noteholders holding the requisite Note Balance have given any request, demand, authorization,
direction, notice, consent, vote or waiver hereunder or under any Transaction Document, Notes owned by the Issuer, any Certificateholder, the Servicer, the Administrator or any of their respective Affiliates shall be disregarded and deemed not to be
Outstanding unless all of the Notes are then owned by the Issuer, the Certificateholder, the Servicer, the Administrator or any of their respective Affiliates, except that, in determining whether the Indenture Trustee shall be protected in relying
upon any such request, demand, authorization, direction, notice, consent, vote or waiver, only Notes that a Responsible Officer of 

  

					
		 	A-16	 	

 
the Indenture Trustee knows to be so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee thereof establishes to the
satisfaction of the Indenture Trustee such pledgee’s right so to act with respect to such Notes and that such pledgee is not the Issuer, the Seller, the Servicer, the Administrator or any of their respective Affiliates. 

“Outstanding Principal Balance” means, with respect to any Receivable as of any date, the outstanding
principal balance of such Receivable calculated in accordance with the Customary Servicing Practices. 
 “Owner
Trustee” means The Bank of New York Mellon, a New York banking corporation, not in its individual capacity but solely as owner trustee under the Trust Agreement, and any successor Owner Trustee thereunder. 

“Paying Agent” means (i) prior to the payment in full of principal and interest on the Notes, the
Indenture Trustee or any other Person that meets the eligibility standards for the Indenture Trustee set forth in Section 6.11 of the Indenture and is authorized by the Issuer to make the payments to and distributions from
the Collection Account and the Principal Distribution Account, including the payment of principal of or interest on the Notes on behalf of the Issuer and (ii) following the payment in full of principal and interest on the Notes, the Certificate
Paying Agent or any other Person appointed as the successor Certificate Paying Agent pursuant to Section 3.7 of the Trust Agreement. 

“Payment Date” means the 15th day of each calendar month
beginning October 16, 2017; provided, however, whenever a Payment Date would otherwise be a day that is not a Business Day, the Payment Date shall be the next Business Day. As used herein, the “related” Payment Date with
respect to a Collection Period shall be deemed to be the Payment Date which immediately follows such Collection Period. 

“Payment Default” has the meaning set forth in Section 5.4(a) of the Indenture.

 “Percentage Interest” means, with respect to a Certificate, the individual percentage interest of such Certificate,
which shall be specified on the face thereof and which shall represent the percentage of certain distributions of the Issuer beneficially owned by such Certificateholder. The sum of the Percentage Interests for all of the Certificates shall be 100%.

 “Permitted Investments” means any one or more of the following types of investments: 

(a)      direct obligations of, and obligations fully guaranteed as to timely payment by, the
United States of America; 
 (b)      demand deposits, money market deposit accounts, time
deposits or certificates of deposit of any depository institution (including, the Servicer, the Indenture Trustee, the Delaware Trustee or the Owner Trustee or any of their respective Affiliates) or trust company incorporated under the laws of
the United States of America or any state thereof or the District of Columbia (or any domestic branch of a foreign bank) and subject to supervision and examination by Federal or state banking or depository institution authorities (including
depository receipts issued by any such institution or trust company as custodian with respect to any obligation referred to in 

  

					
		 	A-17	 	

 
clause (a) above or a portion of such obligation for the benefit of the holders of such depository receipts); provided that at the time of the investment or contractual commitment to invest
therein (which shall be deemed to be made again each time funds are reinvested following each Payment Date), the commercial paper or other short-term senior unsecured debt obligations (other than such obligations the rating of which is based on
the credit of a Person other than such depository institution or trust company) of such depository institution or trust company shall have a credit rating from Moody’s of at least Prime-1 and from S&P
of at least A-1+; 
 (c)      commercial paper
(including commercial paper of any Affiliate of the Seller, the Servicer, the Bank, the Indenture Trustee, the Delaware Trustee or the Owner Trustee or any of their respective Affiliates) having, at the time of the investment or contractual
commitment to invest therein, a rating from Moody’s of at least Prime-1 and from S&P of at least A-1+; 

(d)      investments in money market funds (including funds for which the Seller,
the Servicer, the Bank, the Indenture Trustee, the Delaware Trustee or Owner Trustee or any of their respective Affiliates is investment manager or advisor) having a rating (i) from Moody’s of Aaa or Aa1 and (ii) from S&P of
AAAm or AAAm-G; 
 (e)      bankers’ acceptances
issued by any depository institution or trust company referred to in clause (b) above; and 

(f)      repurchase obligations with respect to any security that is a direct obligation of, or
fully guaranteed by, the United States of America or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States of America, in either case entered into with a depository
institution or trust company (acting as principal) referred to in clause (b) above. 
 “Permitted
Liens” means (a) any liens created by the Transaction Documents, (b) any liens for taxes not yet due and payable or the amount of which is being contested in good faith by appropriate Proceedings and (c) any liens of
mechanics, suppliers, vendors, materialmen, laborers, employees, repairmen and other like liens securing obligations which are not due and payable or the amount or validity of which is being contested in good faith by appropriate Proceedings. 

“Person” means any individual, corporation, limited liability company, estate, partnership, joint venture,
association, joint stock company, trust (including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof. 

“Physical Property” has the meaning specified in the definition of “Delivery” above. 

“Plan Fiduciary” means the fiduciary purchasing a Note on behalf of a Benefit Plan. 

“Predecessor Note” means, with respect to any particular Note, every previous Note evidencing all or a
portion of the same debt as that evidenced by such particular Note; provided, however, for the purpose of this definition, any Note authenticated and delivered under Section 2.5 of the Indenture in lieu of a
mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 

  

					
		 	A-18	 	

 “Principal Distribution Account” means the account by that name
established and maintained pursuant to Section 8.2(a)(ii) of the Indenture. 

“Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding. 

“Purchase Agreement” means the Purchase Agreement, dated as of the Closing Date, between FTH LLC and the
Seller, as amended, modified or supplemented from time to time. 
 “Purchased Assets” has the meaning set
forth in Section 2.1 of the Purchase Agreement. 
 “Qualified Institutional
Buyer” means a “qualified institutional buyer” as defined in Rule 144A under the Securities Act. 

“Rating Agency” means either or each of Moody’s and S&P, as indicated by the context. 

“Rating Agency Condition” means, with respect to any event or circumstance and each Rating Agency, either
(a) written confirmation (which may be in the form of a letter, press release or other publication, or a change in such Rating Agency’s published ratings criteria to this effect) by such Rating Agency that the occurrence of such event or
circumstance will not cause it to downgrade, qualify or withdraw its rating assigned to any of the Notes or (b) that such Rating Agency shall have been given notice of such event or circumstance at least ten days prior to the occurrence of such
event or circumstance (or, if ten (10) days’ advance notice is impracticable, as much advance notice as is practicable) and such Rating Agency shall not have issued any written notice that the occurrence of such event or circumstance
will cause it to downgrade, qualify or withdraw its rating assigned to the Notes. 
 “Receivable” means any
Contract with respect to a new or used automobile, light-duty truck, van or other motor vehicle, which shall appear on the Schedule of Receivables and all Related Security in connection therewith which has not been released from the lien of the
Indenture. 
 “Receivable Files” has the meaning set forth in Section 2.1(a) of
the Servicing Agreement. 
 “Receivables Sale Agreement” means the Receivables Sale Agreement, dated as of
the Closing Date, between the Bank and FTH LLC, as amended, modified or supplemented from time to time. 
 “Record
Date” means, unless otherwise specified in any Transaction Document, with respect to any Payment Date or Redemption Date, (i) for any Definitive Notes and for the Certificates, the close of business on the last Business Day of the
calendar month immediately preceding the calendar month in which such Payment Date or Redemption Date occurs and (ii) for any Book-Entry Notes, the close of business on the Business Day immediately preceding such Payment Date or Redemption
Date. 

  

					
		 	A-19	 	

 “Records” means, for any Receivable, all contracts, books,
records and other documents or information (including computer programs, tapes, disks, software and related property and rights, to the extent legally transferable) relating to such Receivable or the related Obligor. 

“Redemption Date” means, in the case of a redemption of the Notes pursuant to
Section 10.1 of the Indenture, the Payment Date specified by the Administrator or the Issuer pursuant to Section 10.1 of the Indenture. 

“Redemption Price” means an amount equal to the sum of (a) the unpaid Note Balance of all the Notes
redeemed plus (b) accrued and unpaid interest thereon at the applicable Interest Rate for the Notes being so redeemed, up to but excluding the Redemption Date. 

“Registered Holder” means the Person in whose name a Note is registered on the Note Register on the related
Record Date. 
 “Regular Principal Distribution Amount” means, for any Payment Date, an amount not less
than zero equal to the excess of (a) the excess of (A) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (B) the Net Pool Balance as of
the end of the related Collection Period minus the Target Overcollateralization Amount over (b) the First Allocation of Principal for that Payment Date; provided, however, that the “Regular Principal Distribution Amount”
on and after the Final Scheduled Payment Date for any Class of Notes will not be less than the amount that is necessary to reduce the Note Balance of that Class to zero (after the application of the First Allocation of Principal). 

“Regulation AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such regulation may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed
Securities, Securities Act Release No. 33-8518. 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided in writing by the Commission or its staff from
time to time. 
 “Related Security” means, for any Receivable, (i) the security interest in the
related Financed Vehicle, (ii) all rights of the Originator to proceeds from claims on any Insurance Policy, (iii) any other property securing the Receivables, (iv) all rights of the Originator against the related Dealer,
(v) all rights of the Originator to refunds in connection with extended service agreements relating to Receivables and (vi) all proceeds of the foregoing. 

“Relevant Trustee” means (i) prior to the payment in full of principal of and interest on the Notes, the
Indenture Trustee and (ii) following the payment in full of principal of and interest on the Notes, the Owner Trustee; provided, however, that with respect to any property that is under the joint or separate control of a co-trustee or separate trustee under the Trust Agreement or the Indenture, respectively, “Relevant Trustee” shall refer to either or both of the Owner Trustee and such
co-trustee or separate trustee or to either or both of the Indenture Trustee and such co-trustee or separate trustee, as the case may be. 

“Reportable Event” means any event required to be reported on Form
8-K, and in any event, the following: 

  

					
		 	A-20	 	

 (a)      entry into a material
definitive agreement related to the Issuer, the Notes, the Receivables or an amendment to a Transaction Document, even if the Seller is not a party to such agreement (e.g., a servicing agreement with a servicer contemplated by Item 1108(a)(3) of
Regulation AB); 
 (b)      termination of a Transaction Document (other than
by expiration of the agreement on its stated termination date or as a result of all parties completing their obligations under such agreement), even if the Seller is not a party to such agreement (e.g., a servicing agreement with a servicer
contemplated by Item 1108(a)(3) of Regulation AB); 
 (c)      with respect to
the Servicer only, the occurrence of a Servicer Replacement Event; 

(d)      an Event of Default; 

(e)      the resignation, removal, replacement or substitution of the Indenture
Trustee, the Delaware Trustee or the Owner Trustee; and 
 (f)      with
respect to the Indenture Trustee only, a required distribution to Holders of the Notes is not made as of the required Payment Date under the Indenture. 

“Repurchase Price” means, with respect to any Repurchased Receivable, a price equal to the Outstanding
Principal Balance of such Receivable plus any unpaid accrued interest related to such Receivable accrued to and including the end of the Collection Period preceding the date that such Repurchased Receivable was purchased by the Bank, FTH LLC, the
Servicer or the Seller, as applicable. 
 “Repurchase Request” means a written request from a Requesting
Party that the Bank repurchase a Receivable due to an alleged breach of a representation and warranty in Schedule I to the Receivables Sale Agreement. A Repurchase Request from a Requesting Party shall set forth (i) each Receivable that
is subject to such Repurchase Request, (ii) the specific representation or warranty contained in Schedule I to the Receivables Sale Agreement it alleges was breached and (iii) the material adverse effect of such breach on the
interests of the Issuer or the Noteholders that triggers the Repurchase Request. 
 “Repurchased
Receivable” means a Receivable purchased by the Bank pursuant to Section 3.3 of the Receivables Sale Agreement or by the Servicer pursuant to Section 3.6 of the Servicing Agreement. 

“Requesting Party” means any Noteholder or Note Owner that has submitted a Repurchase Request. 

“Reserve Account” means the account designated as such, established and maintained pursuant to
Section 8.2(a)(iii) of the Indenture. 
 “Reserve Account Draw Amount” means, for
any Payment Date, the amount withdrawn from the Reserve Account, equal to the lesser of (a) the Available Funds Shortfall Amount, if 

  

					
		 	A-21	 	

 
any, for such Payment Date and (b) the amount on deposit in the Reserve Account on the Business Day prior to such Payment Date (other than interest and investment income (net of losses and
investment expenses) on funds on deposit in the Reserve Account). In addition, if the sum of the amounts in the Reserve Account and the remaining Available Funds after the payments under clauses first through third and fifth of
Section 8.5(a) of the Indenture would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Classes of Notes, then the Reserve Account Draw Amount will, if so specified by the Servicer in
the Servicer’s Certificate, include such additional amount as may be necessary to pay all Outstanding Notes in full. 

“Reserve Account Excess Amount” means, with respect to any Payment Date, an amount equal to the excess, if
any, of (a) the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account relating to that Payment Date, over
(b) the Specified Reserve Account Balance with respect to that Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Excess Amount” shall mean an amount equal to the
amount of cash or other immediately available funds in the Reserve Account on that Payment Date (other than interest and investment income (net of losses and investment expenses) on funds on deposit in the Reserve Account), after giving effect
to all deposits to and withdrawals from the Reserve Account relating to that Payment Date. 
 “Responsible
Officer” means, (a) with respect to the Indenture Trustee, the Paying Agent, the Note Registrar and the Authenticating Agent, any officer within the corporate trust department of the Indenture Trustee, the Paying Agent, the Note
Registrar and the Authenticating Agent, as applicable, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Indenture Trustee, the Paying Agent, the
Note Registrar and the Authenticating Agent, as applicable, who customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred
because of such person’s knowledge of and familiarity with the particular subject and who, in each case, shall have direct responsibility for the administration of the Indenture, (b) with respect to the Owner Trustee, any officer
within the Corporate Trust Office of the Owner Trustee and having direct responsibility for the administration of the Issuer, including any vice president, assistant vice president, assistant treasurer, assistant secretary, associate, trust
officer or financial services officer, or any other officer customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is
referred because of such officer’s knowledge of and familiarity with the particular subject (c) with respect to the Delaware Trustee, any officer within the Corporate Trust Office of the Delaware Trustee and having direct responsibility
for the administration of the Issuer, including any vice president, assistant vice president, assistant treasurer, assistant secretary, associate, trust officer or financial services officer, or any other officer customarily performing
functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the
particular subject and (d) with respect to the Servicer, the Bank, FTH LLC, the Seller or the Administrator, any officer of such Person having direct responsibility for the transactions contemplated by the Transaction Documents, including
the president, treasurer or secretary or any vice president, controller, 

  

					
		 	A-22	 	

 
assistant vice president, assistant treasurer, assistant secretary, or any other officer customarily performing functions similar to those performed by any of the above designated officers
and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 

“Retained Notes” shall mean any Notes held by the Issuer (or any other Person treated as the same Person as
the Issuer for U.S. federal income tax purposes) or Affiliate thereof, until such time as such Notes are transferred in accordance with the terms and conditions of Section 2.16 of the Indenture and receive an opinion as
described in clause (x) of Section 2.16(d) of the Indenture. 
 “Review
Conditions” means (i) the Delinquency Percentage for any Payment Date meets or exceeds the Delinquency Trigger for that Payment Date and (ii) the required percentage of Noteholders or Note Owners, as applicable, have voted to
direct an Asset Representations Review of the Subject Receivables. 
 “Review Notice” means a notice from
the Indenture Trustee to the Asset Representations Reviewer and the Servicer directing the Asset Representations Reviewer to conduct an Asset Representations Review. 

“Risk Retention Rules” means Part 267 – Credit Risk Retention, 12 C.F.R. §267, as such rules may be
amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Credit Risk Retention No. 34-73407, Fed. Reg. 77,602, 77,766
(December 24, 2014)) or by the staff of the Commission, or as may be provided in writing by the Commission or its staff from time to time. 

“Rule 144A” means Rule 144A under the Securities Act and any successor rule thereto. 

“Sale Agreement” means, the Sale Agreement dated as of the Closing Date, between the Seller and the Issuer,
as the same may be amended and supplemented from time to time. 
 “Sarbanes Certification” has the meaning
set forth in Section 8.19(b)(iii) of the Servicing Agreement. 
 “Sarbanes-Oxley
Act” means the Sarbanes-Oxley Act of 2002, as amended, modified or supplemented from time to time, and any successor law thereto. 

“Schedule of Receivables” means the schedule of Receivables transferred to the Issuer on the Closing Date.

 “Securities Act” means the Securities Act of 1933, as amended. 

“Seller” means Fifth Third Holdings Funding, LLC, a Delaware limited liability company. 

“Servicer” means the Bank, initially, and any replacement Servicer appointed pursuant to the Servicing
Agreement. 

  

					
		 	A-23	 	

 “Servicer’s Certificate” means the certificate delivered
pursuant to Section 3.9 of the Servicing Agreement. 
 “Servicer Replacement
Event” means any one or more of the following that shall have occurred and be continuing: 

(a)      any failure by the Servicer to deliver or cause to be delivered any required payment to
the Indenture Trustee or the Owner Trustee for deposit into the Collection Account, which failure continues unremedied for five (5) Business Days after discovery thereof by a Responsible Officer of the Servicer or receipt by a Responsible
Officer of the Servicer of written notice thereof from the Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee has received written notice or has actual knowledge thereof) or Noteholders evidencing at least a majority of
the Outstanding Note Balance (or, if no Notes are Outstanding, from the Majority Certificateholders); 

(b)      any failure by the Servicer to duly observe or perform in any material respect any
other of its covenants or agreements in the Servicing Agreement (other than Section 3.15 of the Servicing Agreement), which failure materially and adversely affects the rights of the Issuer or the Noteholders or the
Certificateholders, and which continues unremedied for ninety (90) days after discovery thereof by a Responsible Officer of the Servicer or receipt by the Servicer of written notice thereof from the Indenture Trustee (to the extent a
Responsible Officer of the Indenture Trustee has received written notice or has actual knowledge thereof) or Noteholders evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are Outstanding, from the Majority
Certificateholders) (it being understood that no Servicer Replacement Event will result from a breach by the Servicer of any covenant for which the repurchase of the affected Receivable is specified as the sole remedy pursuant to
Section 3.6 of the Servicing Agreement); 
 (c)      any
representation or warranty of the Servicer made in any Transaction Document to which the Servicer is a party or by which it is bound or any certificate delivered pursuant to the Servicing Agreement (other than Section 3.15
of the Servicing Agreement) proves to have been incorrect in any material respect when made, which failure materially and adversely affects the rights of the Issuer, the Noteholders or Certificateholders, and which failure continues unremedied for
ninety (90) days after discovery thereof by a Responsible Officer of the Servicer or receipt by the Servicer of written notice thereof from the Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee has received written
notice or has actual knowledge thereof) or Noteholders evidencing a majority of the aggregate principal amount of the Outstanding Notes (or, if no Notes are Outstanding, from the Majority Certificateholders); or 

(d)      the Servicer suffers a Bankruptcy Event; 

provided, further, that (A) any delay or failure of performance referred to in clause (a) above shall have been caused
by force majeure or other similar occurrence, the five Business Day grace period referred to in such clause (a) shall be extended for an additional sixty (60) calendar days and (B) if any delay or failure of performance
referred to in clause (b) or clause (c) above shall have been caused by force majeure or other similar occurrence, the ninety (90) day grace period referred to in clause (b) or clause (c) shall be
extended for an additional sixty (60) calendar days. The existence or occurrence of any “material instance of noncompliance” (within the meaning of 

  

					
		 	A-24	 	

 
Item 1122 of Regulation AB) shall not create any presumption that any event in clauses (a), (b) or (c) above has occurred. 

“Servicing Agreement” means the Servicing Agreement, dated as of the Closing Date, among the Issuer, the
Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time. 

“Servicing Criteria” means the “servicing criteria” set forth in Item 1122(d) of Regulation AB.

 “Servicing Fee” means, for any Payment Date, the product of
(A) one-twelfth (or, in the case of the first Payment Date, a fraction, the numerator of which is the number of days from but not including the Cut-Off Date to and
including the last day of the first Collection Period and the denominator of which is 360), (B) the Servicing Fee Rate and (C) the Net Pool Balance as of the first day of the related Collection Period (or, in the case of the first Payment Date,
as of the Cut-Off Date). 
 “Servicing Fee Rate” means 1.00% per
annum. 
 “Similar Law” means any federal, state, local or non-U.S.
law that is substantially similar to the fiduciary responsibility or prohibited transaction provisions of ERISA or Section 4975 of the Code. 

“Simple Interest Method” means the method of calculating interest due on a motor vehicle receivable on a
daily basis based on the actual outstanding principal balance of the receivable on that date. 
 “Simple Interest
Receivable” means any motor vehicle receivable pursuant to which the payments due from the Obligors during any month are allocated between interest, principal and other charges based on the actual date on which a payment is received and for
which interest is calculated using the Simple Interest Method. 
 “Specified Reserve Account Balance” means
$2,646,341 (which is approximately 0.25% of the initial Net Pool Balance); provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the
“Specified Reserve Account Balance” shall be $0. 
 “S&P” means S&P Global Ratings, or
any successor that is a nationally recognized statistical rating organization. 
 “Statutory Trust Statute”
means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. 
 “Subject
Receivables” means, for any Asset Representations Review, all Receivables Outstanding and held by the Issuer which are 60 or more days delinquent as of the first day on which the Review Conditions are satisfied; provided, however,
that any Receivable that becomes a Purchased Receivable or is paid off after such date will no longer be a Subject Receivable. 

  

					
		 	A-25	 	

 “Sub-Servicer” means any
Affiliate of the Servicer or any sub-contractor to whom any or all duties of the Servicer (including, without limitation, its duties as custodian) under the Transaction Documents have been delegated in
accordance with Section 5.5 of the Servicing Agreement. 
 “Supplemental Servicing
Fees” means any and all (i) late fees, (ii) extension fees, (iii) non-sufficient funds charges and (iv) any and all other administrative fees or similar charges allowed by
applicable law with respect to any Receivable. 
 “Target Overcollateralization Amount” means, for any
Payment Date, 5.00% of the Net Pool Balance as of the Cut-Off Date. 
 “Tax
Information” means information and/or properly completed and signed tax certifications sufficient to eliminate the imposition of or to determine the amount of any withholding of tax, including FATCA Withholding Tax. 

“TIA” or “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended and as in
force on the date hereof, unless otherwise specifically provided. 
 “Transaction Documents” means the
Indenture, the Notes, the Note Depository Agreement, the Receivables Sale Agreement, the Sale Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement, the Asset Representations Review Agreement and the Trust
Agreement, as the same may be amended or modified from time to time. 
 “Transaction Parties” means the
Issuer, the Depositor, the Originator, the Servicer, the Administrator, the underwriters, the Owner Trustee, the Delaware Trustee, any of their Affiliates, or the Indenture Trustee. 

“Transferred Assets” means (a) the Purchased Assets, (b) all of the Seller’s rights under the
Purchase Agreement, (c) all of FTH LLC’s rights under the Receivables Sale Agreement and (d) all proceeds of the foregoing. 

“Trust Account Property” means the Trust Accounts, all amounts and investments held from time to time in any
Trust Account (whether in the form of deposit accounts, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing. 

“Trust Accounts” has the meaning set forth in Section 8.2(a)(iii) of the
Indenture. 
 “Trust Agreement” means the Amended and Restated Trust Agreement, dated as of the Closing
Date, among the Seller, the Delaware Trustee and the Owner Trustee, as the same may be amended and supplemented from time to time. 

“Trust Estate” means all money, accounts, chattel paper, general intangibles, goods, instruments, investment
property and other property of the Issuer, including without limitation (i) the Receivables acquired by the Issuer under the Sale Agreement, the Related Security relating thereto and Collections thereon after the
Cut-Off Date, (ii) the Receivable Files, (iii) the rights of the Issuer to the funds on deposit from time to time in the Trust Accounts and any other account

  

					
		 	A-26	 	

 
or accounts (other than the Designated Certificateholder Account, if any) established pursuant to the Indenture or Servicing Agreement and all cash, investment property and other property from
time to time credited thereto and all proceeds thereof, (iv) the rights of the Seller, as buyer, under the Purchase Agreement, (v) the rights of the Issuer under the Sale Agreement, (vi) the rights of FTH LLC under the Receivables
Sale Agreement and (vii) all proceeds of the foregoing. 
 “UCC” means, unless the context otherwise
requires, the Uniform Commercial Code as in effect in the relevant jurisdiction, as amended from time to time. 

“Underwriting Agreement” means the Underwriting Agreement, dated as of September 12, 2017, among J.P.
Morgan Securities LLC, on behalf of itself and as a representative of the several underwriters named therein, the Bank and the Seller. 

“United States” or “USA” means the United States of America (including all states, the
District of Columbia and political subdivisions thereof). 
 “United States Tax Person” means a United
States Person as defined in Section 7701(a)(30) of the Code. 
 “USA Patriot Act” has the meaning set
forth in Section 12.8 of the Indenture. 
 The foregoing definitions shall be equally applicable
to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in
accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes. 

  

					
		 	A-27

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]