Document:

EX-10.6

 Exhibit 10.6 
  

 
  
  

 
  

FORM OF 
 RECEIVABLES
SALE AGREEMENT 
 dated as of
[                        ] 

between 
 FIFTH THIRD BANK

 and 
 FIFTH THIRD
HOLDINGS, LLC 
  
  

 

									
	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 THE BANK	  	 	2	  
				
		 	SECTION 3.2	 	REPRESENTATIONS AND WARRANTIES OF THE BANK AS TO EACH RECEIVABLE	  	 	4	  
				
		 	SECTION 3.3	 	REPURCHASE UPON BREACH	  	 	4	  
				
		 	SECTION 3.4	 	DISPUTE RESOLUTION	  	 	5	  
				
		 	SECTION 3.5	 	PROTECTION OF TITLE	  	 	7	  
				
		 	SECTION 3.6	 	OTHER LIENS OR INTERESTS	  	 	8	  
				
		 	SECTION 3.7	 	PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS	  	 	8	  
				
		 	SECTION 3.8	 	OFFICIAL RECORD	  	 	8	  
				
		 	SECTION 3.9	 	COMPLIANCE WITH THE FDIC RULE	  	 	8	  
				
		 	SECTION 3.10	 	MERGER OR CONSOLIDATION OF, OR ASSUMPTION OF THE OBLIGATIONS OF, THE BANK	  	 	8	  
				
		 	SECTION 3.11	 	THE BANK MAY OWN NOTES	  	 	9	  
		
	ARTICLE IV        MISCELLANEOUS	  	 	9	  
				
		 	SECTION 4.1	 	TRANSFERS INTENDED AS SALE; SECURITY INTEREST	  	 	9	  
				
		 	SECTION 4.2	 	NOTICES, ETC	  	 	10	  
				
		 	SECTION 4.3	 	CHOICE OF LAW	  	 	10	  
				
		 	SECTION 4.4	 	HEADINGS	  	 	10	  
				
		 	SECTION 4.5	 	COUNTERPARTS	  	 	11	  
				
		 	SECTION 4.6	 	AMENDMENT	  	 	11	  
				
		 	SECTION 4.7	 	WAIVERS	  	 	12	  
				
		 	SECTION 4.8	 	ENTIRE AGREEMENT	  	 	12	  
				
		 	SECTION 4.9	 	SEVERABILITY OF PROVISIONS	  	 	12	  
				
		 	SECTION 4.10	 	BINDING EFFECT	  	 	12	  

									
		 	SECTION 4.11	 	ACKNOWLEDGMENT AND AGREEMENT	  	 	13	  
				
		 	SECTION 4.12	 	CUMULATIVE REMEDIES	  	 	13	  
				
		 	SECTION 4.13	 	NONPETITION COVENANT	  	 	13	  
				
		 	SECTION 4.14	 	SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL	  	 	13	  
				
		 	SECTION 4.15	 	[LIMITATION OF RIGHTS]	  	 	14	  
				
		 	SECTION 4.16	 	NOT APPLICABLE TO THE BANK IN OTHER CAPACITIES	  	 	14	  

 EXHIBITS 
  

			
	 Exhibit A
	 	 Form of Assignment Pursuant to Receivables Sale Agreement

	 Schedule I
	 	 Representations and Warranties with Respect to the Receivables Transferred by the Bank to FTH LLC

	 Schedule II
	 	 Perfection Representations, Warranties and Covenants

 This RECEIVABLES SALE AGREEMENT is made and entered into as of
[                        ] (as amended, restated, supplemented or otherwise modified and in effect from time to time, this
“Agreement”) by FIFTH THIRD BANK, an Ohio banking corporation (the “Bank”), and FIFTH THIRD HOLDINGS, LLC, a Delaware limited liability company (“FTH LLC”). 

WITNESSETH: 

WHEREAS, FTH LLC desires to purchase from the Bank 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 Bank is willing to sell such portfolio of motor vehicle receivables and related property to FTH LLC 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 Fifth Third Holdings Funding, LLC, as seller, and Fifth Third Auto Trust 20[    ]-[  ], 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. 

  

					
		  		  	Receivables Sale Agreement (20[ ]-[ ])

 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, the Bank does hereby transfer, assign, sell, contribute and otherwise convey to FTH LLC without recourse (subject to the obligations herein) on the Closing Date all of its right, title,
interest, claims and demands in, to and under 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 (the “Bank Transferred Assets”). The sale, transfer, assignment, contribution and conveyance made hereunder does not constitute and
is not intended to result in an assumption by FTH LLC of any obligation of the Bank 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 Bank Transferred Assets conveyed to FTH LLC on the Closing Date, FTH LLC shall pay in cash to the Bank on such date an amount equal to the estimated fair market value of the
Bank Transferred Assets on the Closing Date. 
 ARTICLE III 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

SECTION 3.1     Representations and Warranties of the Bank.    The
Bank makes the following representations and warranties as of the Closing Date on which FTH LLC will be deemed to have relied in acquiring the Bank Transferred Assets. The representations and warranties will survive the conveyance of the Bank
Transferred Assets to FTH LLC pursuant to this Agreement, the conveyance of the Bank Transferred Assets by FTH LLC to the Seller pursuant to the Purchase Agreement, the conveyance of the Bank Transferred Assets by the Seller 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.  The Bank is a banking corporation
validly existing and in good standing under the laws of its state of organization and has, in all material respects, all power and authority to carry on its business as it is now conducted. The Bank 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 Bank to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the
Receivables or any other part of the Bank Transferred Assets. 

(b)        Authorization and No Contravention.  The execution,
delivery and performance by the Bank of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Bank and (ii) do not contravene or constitute a default under (A) any
applicable law, rule or regulation, (B) its organizational documents or (C) any 

  

					
		  	-2-	  	Receivables Sale Agreement (20[ ]-[ ])

 
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 Bank’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 the Bank 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 Bank Transferred Assets or would not materially and adversely affect the ability of the Bank to perform its obligations under the Transaction Documents. 

(d)        Binding Effect.    Each Transaction Document to
which the Bank is a party constitutes the legal, valid and binding obligation of the Bank enforceable against the Bank 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 corporations 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 Bank, threatened against the Bank 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 Bank 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 the Bank 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 Bank is not aware of any material
judgment, ERISA or tax lien filings against the Bank. 
 (g)        Selection
Procedures. No selection procedures believed by the Bank to be adverse to the Noteholders were utilized in selecting the Receivables from the Bank’s portfolio of retail installment sale contracts and installment loans. 

(h)        Ordinary Course. The transactions contemplated by this Agreement and
the other Transaction Documents to which the Bank is a party are in the ordinary course of the Bank’s business. 

(i)        Security Interest. No Receivables are pledged, assigned, sold,
subject to a security interest or otherwise conveyed other than pursuant to the Transaction Documents. The Bank has not authorized the filing of and is not aware of any financing statements against the Bank that

  

					
		  	-3-	  	Receivables Sale Agreement (20[ ]-[ ])

 
includes a description of collateral covering any Receivable other than any financing statement relating to security interests granted under the Transaction Documents or that have been or, prior
to the assignment of such Receivables hereunder, will be terminated, amended or released. This Agreement creates a valid and continuing security interest in the Receivables (other than the Related Security with respect thereto, to the extent that an
ownership interest therein cannot be perfected by the filing of a financing statement) in favor of FTH LLC which security interest is prior to all other Liens (other than Permitted Liens) and is enforceable as such against all other creditors of and
purchasers and assignees from the Bank. 

SECTION 3.2        Representations and Warranties of the Bank as to each
Receivable.  The Bank hereby makes the representations and warranties set forth on Schedule I as to the Receivables sold, contributed, transferred, assigned and otherwise conveyed to FTH LLC under this Agreement on which such
representations and warranties FTH LLC is relying in acquiring the Receivables. Such representations and warranties speak as of the execution and delivery of this Agreement or as of the Cutoff Date, as applicable, but shall survive the conveyance of
the Receivables to the Seller under the Purchase Agreement, the conveyance of the Receivables by the Seller to the Issuer under the Sale Agreement and the Grant of the Receivables by the Issuer to the Indenture Trustee pursuant to the Indenture.
Notwithstanding any statement to the contrary contained herein or in any other Transaction Document, the Bank shall not be required to notify any insurer with respect to any Insurance Policy obtained by an Obligor or to notify any Dealer about any
aspect of the transaction contemplated by the Transaction Documents. Any inaccuracy in any of such representations or warranties shall be deemed not to constitute a breach of such representations or warranties if such inaccuracy does not affect the
ability of the Issuer to receive and retain payment in full on such Receivable. 

SECTION 3.3        Repurchase upon Breach. 

(a)        The Bank hereby covenants and agrees that if the Bank discovers or is
notified by a Requesting Party with a Repurchase Request regarding a breach of any of the Bank’s representations and warranties set forth in Section 3.2 with respect to any Receivable at the time such representations and warranties
were made, the Bank will investigate the Receivable to confirm the breach and determine if the breach materially and adversely affects the interests of the Issuer or the Noteholders and triggers a repurchase event (“Repurchase
Event”). Upon discovery by any party hereto of a Repurchase Event, the party discovering such breach shall give prompt written notice thereof to the other parties hereto; provided, that delivery of a Servicer’s Certificate which
identifies the Receivables that are being or have been repurchased shall be deemed to constitute prompt written notice of such breach; provided, further, that the failure to give such notice shall not affect any obligation of the Bank
under this Section 3.3(a). Following a Repurchase Event, the Bank shall either (a) correct or cure such breach or (b) repurchase such Receivable from the Issuer, in either case on or before the Payment Date following the end of
the Collection Period which includes the sixtieth (60th) day (or, if the Bank elects, an earlier date) after the date that the Bank became aware of or was notified of and confirmed such
breach. Any such breach or failure will be deemed not to have a material and adverse effect on the Noteholders or the Issuer if such breach or failure does not affect the ability of the Issuer or the Notholders to receive and retain payment in full
on such Receivable. Any such purchase by the Bank shall be at a price equal to the Repurchase Price. In consideration for such repurchase, the Bank shall make (or shall cause to be made) a payment to the Issuer equal

  

					
		  	-4-	  	Receivables Sale Agreement (20[ ]-[ ])

 
to the Repurchase Price by depositing such amount into the Collection Account prior to 11:00 a.m., New York City time on the date of such repurchase, if such repurchase date is not a Payment Date
or, if such repurchase date is a Payment Date, then prior to the close of business on the Business Day prior to such repurchase date. Upon payment of such Repurchase Price by the Bank, the Issuer and the Indenture Trustee shall release and shall
execute and deliver such instruments of release, transfer or assignment, in each case without recourse or representation, as may be reasonably requested by the Bank to evidence such release, transfer or assignment or more effectively vest in the
Bank or its designee any Receivable and the related Bank Transferred Assets repurchased pursuant hereto. It is understood and agreed that the obligation of the Bank to purchase any Receivable as described above shall constitute the sole remedy
respecting such breach available to FTH LLC, the Depositor, the Issuer, the Noteholders, the Owner Trustee, the Certificateholders and the Indenture Trustee. 

(b)        With respect to all Receivables repurchased by the Bank pursuant to this
Agreement, FTH LLC (or its assignee) shall assign, without recourse, representation or warranty, to the Bank all of FTH LLC’s right, title and interest in and to such Receivables and all security and documents relating thereto. 

SECTION 3.4        Dispute Resolution. 

(a)        If a Requesting Party submits a Repurchase Request to the Bank pursuant to
Section 3.3(a) of this Agreement and the Repurchase Request has not been fulfilled or otherwise resolved to the reasonable satisfaction of the Requesting Party within 180 days of the receipt of notice of the request by the Bank, the Requesting
Party shall have the right to refer the matter, at its discretion, to either mediation (including non-binding arbitration) or binding arbitration pursuant to this Section 3.4. Dispute resolution to resolve any repurchase request will be
available regardless of whether the Noteholders vote to direct an Asset Representations Review. 

(b)        The Requesting Party will provide notice in accordance with the provisions
of Section 4.2 of its intention to refer the matter to mediation (including non-binding arbitration) or binding arbitration, as applicable, to the Bank, with a copy to FTH LLC, the Issuer, the Depositor, the Owner Trustee and the Indenture
Trustee. The Bank agrees that it will participate in the resolution method selected by the Requesting Party. Any settlement agreement reached in a mediation and any decision by an arbitrator in a binding arbitration shall be binding upon the
Requesting Party, the Issuer, the Owner Trustee and the Indenture Trustee with respect to the Receivable that is the subject matter of the Repurchase Request, and, in that situation, issues relating to that Receivable may not be re-litigated by the
Requesting Party or the Bank or become the subject of a subsequent Repurchase Request by the Requesting Party in mediation (including non-binding arbitration), arbitration, court, or otherwise. 

(c)        If the Requesting Party selects mediation as the resolution method, the
following provisions will apply: 
 (i)        The mediation will be
administered by [a nationally recognized arbitration and mediation association] [one of [identify options]] selected by the Requesting Party pursuant to such association’s mediation procedures in effect at such time. 

  

					
		  	-5-	  	Receivables Sale Agreement (20[ ]-[ ])

 (ii)       The fees and
expenses of the mediation will be allocated as mutually agreed by the parties as part of the mediation. 

(iii)      The mediator will be impartial, knowledgeable about and experienced
with the laws of the State of [      ] that are relevant to the repurchase dispute and will be appointed from a list of neutrals maintained by the AAA. 

(d)        If the Requesting Party selects arbitration (including non-binding
arbitration) as the resolution method, the following provisions will apply: 

(i)        The arbitration will be administered by [a nationally
recognized arbitration and mediation association] [one of [identify options]] jointly selected by the parties, and if the Requesting Party and the Bank are unable to agree on an association, by the AAA, and conducted pursuant to such
association’s arbitration procedures in effect at such time. 

(ii)       The arbitrator will be impartial, knowledgeable about and
experienced with the laws of the State of [            ] that are relevant to the dispute hereunder and will be appointed from a list of neutrals maintained by AAA. 

(iii)      The arbitrator will make its final determination no later than
[    ] days after appointment or as soon as practicable thereafter. The arbitrator will resolve the dispute in accordance with the terms of this Agreement, and may not modify or change this Agreement in any way. The
arbitrator will not have the power to award punitive damages or consequential damages in any arbitration conducted by it[, and the Bank shall not be required to pay more than the applicable Repurchase Price with respect to any receivable which the
Bank is required to repurchase under the terms of this Agreement]. In its final determination, the arbitrator will determine and award the costs of the arbitration (including the fees of the arbitrator, cost of any record or transcript of the
arbitration, and administrative fees) and reasonable attorneys’ fees to the Requesting Party and the Bank as determined by the arbitrator in its reasonable discretion. The determination of the arbitrator will be in writing and counterpart
copies will be promptly delivered to the Requesting Party and the Bank. For binding arbitration, the determination of the arbitrator will be final and non-appealable (absent manifest error), except for actions to confirm or vacate the determination
permitted under federal or state law, and may be entered and enforced in any court with jurisdiction over the Requesting Party and the Bank and the matter. 

(iv)      By selecting binding arbitration, the Requesting Party waives the
right to sue in court, including the right to a trial by jury. 
 (e)        The
following provisions will apply to both mediations (including non-binding arbitrations) and arbitrations: 

(i)        Any mediation or arbitration will be held in [New York, New
York] or such other location mutually agreed to by the Requesting Party and the Seller; 

(ii)       Notwithstanding this dispute resolution provision, the
Requesting Party and the Bank will have the right to seek provisional relief from a competent court of law, 

  

					
		  	-6-	  	Receivables Sale Agreement (20[ ]-[ ])

 
including a temporary restraining order, preliminary injunction or attachment order, provided such relief would otherwise be available by law; 

Other than as publicly available with the Commission or otherwise publicly disclosed, the details and/or existence of any unfulfilled
Repurchase Request, any meetings or discussions regarding any unfulfilled Repurchase Request, mediations or arbitration proceedings conducted under this Section 3.4, including all offers, promises, conduct and statements, whether oral or
written, made in the course of the Requesting Party and the Bank’s attempt to resolve an unfulfilled Repurchase Request, any information exchanged in connection with any mediation, and any discovery taken in connection with any arbitration
(collectively, “Confidential Information”), shall be and remain confidential and inadmissible (except as permitted in accordance with applicable law) for any purpose, including impeachment, in any mediation, arbitration or
litigation, or other proceeding (including any proceeding under this Section 3.4) other than as required to be disclosed in accordance with applicable law, regulatory requirements, or court order or to the extent that the Bank, in its sole
discretion, elects to disclose such information. Such information will be kept strictly confidential and will not be disclosed or discussed with any third party, and except that a party may disclose such information to its own attorneys, experts,
accountants and other agents and representatives (collectively “Representatives”), as reasonably required in connection with any resolution procedure under this Section 3.4), if the disclosing party (a) directs such
Representatives to keep the information confidential, (b) is responsible for any disclosure by its Representatives of such information and (c) takes at its sole expense all reasonable measures to restrain such Representatives from
disclosing such information. If any party receives a subpoena or other request for information from a third party (other than a governmental regulatory body) for Confidential Information, the recipient will promptly notify the other party and will
provide the other party with the opportunity to object to the production of its Confidential Information or seek other appropriate protective remedies, consistent with the applicable requirements of law and regulation. If, in the absence of a
protective order, such party or any of its representatives are compelled as a matter of law, regulation, legal process or by regulatory authority to disclose any portion of the Confidential Information, such party may disclose to the party
compelling disclosure only the part of such Confidential Information that is required to be disclosed. 
 SECTION
3.5        Protection of Title. 

(a)        The Bank 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 FTH LLC under this Agreement in the Receivables (other than any
Related Security with respect thereto, to the extent that the interest of FTH LLC therein cannot be perfected by the filing of a financing statement). The Bank shall deliver (or cause to be delivered) to FTH LLC file-stamped copies of, or filing
receipts for, any document filed as provided above, as soon as available following such filing. 

(b)        The Bank shall notify FTH LLC in writing within ten (10) days
following the occurrence of (i) any change in the Bank’s organizational structure as a banking corporation, (ii) any change in the Bank’s “location” (within the meaning of Section 9-307 of the UCC of all applicable
jurisdictions) and (iii) any change in the Bank’s name and shall take all action prior to 

  

					
		  	-7-	  	Receivables Sale Agreement (20[ ]-[ ])

 
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 FTH LLC to amend all previously filed financing statements or continuation statements described in paragraph (a) above. The Bank will at all times maintain its “location” within the United
States. 
 (c)        The Bank 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 FTH
LLC (or any subsequent assignee of FTH LLC) 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 Bank 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 Bank 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 FTH LLC (or any subsequent assignee of FTH LLC). 

SECTION 3.6        Other Liens or Interests.    Except
for the conveyances and grants of security interests pursuant to this Agreement and the other Transaction Documents, the Bank shall not sell, pledge, assign or transfer the Receivables or other property transferred to FTH LLC 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 Bank shall defend the right, title and interest of FTH LLC in, to and under such Receivables or other property transferred to FTH
LLC against all claims of third parties claiming through or under the Bank. 

SECTION 3.7        Perfection Representations, Warranties and
Covenants.  The perfection representations, warranties and covenants set forth on Schedule II hereto are true and correct to the extent that they are applicable. 

SECTION 3.8        Official Record.    So long as the
Notes remain outstanding, this Agreement shall be treated as an official record of the Bank within the meaning of Section 13(e) of the Federal Deposit Insurance Act (12 U.S.C. Section 1823(e)). 

SECTION 3.9        Compliance with the FDIC
Rule.    The Bank (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 3.10      Merger or Consolidation of, or Assumption of
the Obligations of, the Bank. Any Person (i) into which the Bank 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 Bank shall be a party, (iii) succeeding to the business of the Bank, or (iv) more than 50% of the voting stock or voting power and 50% or more
of the economic equity of which is owned 

  

					
		  	-8-	  	Receivables Sale Agreement (20[ ]-[ ])

 
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 Bank under this Agreement, will be
the successor to the Bank 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
the Bank enters into any of the foregoing transactions and is not the surviving entity, the Bank 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 3.11      The Bank May Own Notes.  The Bank, and any Affiliate of
the Bank, 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 Bank 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 Bank 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 Bank, the Servicer, the Administrator or any of their respective Affiliates, any Notes owned by the Issuer, the Bank,
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 Bank Transferred Assets shall not be part of the Bank’s estate in the event of a bankruptcy or insolvency of the Bank. The sales and transfers by the Bank of the
Receivables and the related Bank Transferred Assets hereunder are and shall be without recourse to, or representation or warranty (express or implied) by, the Bank, except as otherwise specifically provided herein. The limited rights of recourse
specified herein against the Bank 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
Bank Transferred Assets are held to be property of the Bank, or if for any reason this Agreement is held or deemed to create indebtedness or a security interest in the Receivables and other Bank Transferred Assets, then it is intended that: 

  

					
		  	-9-	  	Receivables Sale Agreement (20[ ]-[ ])

 (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 Bank of, and the Bank hereby grants to FTH LLC, 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 Bank Transferred Assets, to secure such indebtedness and the performance of the obligations of the Bank hereunder; 

(iii)      The possession by FTH LLC 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 FTH LLC or a Person designated by FTH LLC, 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 FTH LLC 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 II to the Sale Agreement), and addressed in each case as specified on Schedule III 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. 
 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. 

  

					
		  	-10-	  	Receivables Sale Agreement (20[ ]-[ ])

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 the Bank and FTH
LLC without the consent of the Indenture Trustee, the Issuer, any Noteholder, the Issuer, the Owner Trustee or any other Person subject to the satisfaction of one of the following conditions: 

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

[provided, that such amendment shall not materially and adversely affect the rights or obligations of the Swap
Counterparty or the Issuer under the Interest Rate Swap Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty does not object in writing
within ten (10) Business Days after receipt of a written request for such consent)]. 

(b)        This Agreement may also be amended from time to time by the Bank and FTH
LLC, with the consent of (i) the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance, voting as a single class, and (ii) the Majority Certificateholders, 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 consent of Noteholders or Certificateholders to
approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders and Certificateholders provided
for in this Agreement) and of evidencing the authorization of the execution thereof by 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 Bank or FTH LLC shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment, the Bank or FTH LLC shall furnish a
copy of such amendment to each Rating Agency, the Issuer and the 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 Indenture Trustee or the Owner Trustee without the prior written consent of such Person. 

  

					
		  	-11-	  	Receivables Sale Agreement (20[ ]-[ ])

 (d)        Prior to the execution of any
amendment to this Agreement, 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 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 Bank and FTH LLC if (i) the Majority Certificateholders consent to such amendment or (ii) such amendment shall not, as evidenced by an Officer’s Certificate of the
Bank or FTH LLC or an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for the consent of the Certificateholders to approve
the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Certificateholders provided for in this Agreement)
and of evidencing the authorization of the execution thereof by 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 FTH LLC, the Servicer, the Bank, 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 FTH LLC or the Bank 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 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. 

  

					
		  	-12-	  	Receivables Sale Agreement (20[ ]-[ ])

 SECTION 4.11     Acknowledgment and
Agreement.    By execution below, the Bank expressly acknowledges and consents to the conveyance of the Bank Transferred Assets and the assignment of all rights and obligations of the Bank related thereto by FTH LLC to the
Seller pursuant to the Purchase Agreement and by the Seller to the Issuer pursuant to the Sale Agreement and the Grant of a security interest in the Receivables and the other Bank Transferred Assets by the Issuer to the Indenture Trustee pursuant to
the Indenture for the benefit of the Noteholders [and the Swap Counterparty]. In addition, the Bank 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 FTH LLC under this Agreement in the event that FTH LLC 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; 

(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 

  

					
		  	-13-	  	Receivables Sale Agreement (20[ ]-[ ])

 
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 Rights].  [All of the rights of the Swap
Counterparty in, to and under this Agreement, if any, shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts owing to the Swap Counterparty under such
Interest Rate Swap Agreement.] 

SECTION 4.16            Not Applicable to the Bank in
Other Capacities.  Nothing in this Agreement shall affect any obligation the Bank may have in any other capacity. 
 [Remainder
of Page Intentionally Left Blank] 

  

					
		  	-14-	  	Receivables Sale Agreement (20[ ]-[ ])

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

					
	FIFTH THIRD BANK
			
	By: 	 	  
	 	
	Name:
	Title:
	
	FIFTH THIRD HOLDINGS, LLC
			
	By:	 	  
	 	
	Name:
	Title:

  

					
		  	S-1	  	Receivables Sale Agreement (20[ ]-[ ])

 EXHIBIT A 

FORM OF 
 ASSIGNMENT
PURSUANT TO RECEIVABLES SALE AGREEMENT 

[                       
 ] 
 For value received, in accordance with the Receivables Sale Agreement, dated as of
[                ], (the “Agreement”), between Fifth Third Bank, an Ohio banking corporation (the “Bank”), and Fifth Third Holdings, LLC, a Delaware
limited liability company ( “FTH LLC”), on the terms and subject to the conditions set forth in the Agreement, the Bank does hereby transfer, assign, sell, contribute and otherwise convey to FTH LLC 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 set forth on the schedule of Receivables delivered by the Bank to FTH LLC 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 FTH LLC of any obligation of the
undersigned or the Bank 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
[                        ], 20[  ], between Fifth Third Auto Trust [  ]-[  ] and Fifth Third
Holdings Funding, LLC. 
 [Remainder of page intentionally left blank] 

  

					
		  	A-1	  	Receivables Sale Agreement (20[ ]-[ ])

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

					
	FIFTH THIRD BANK	 	

  

					
	By:	 	 	 	

 
					
	Name:	 		 	
	Title:	 		 	

  

					
		  	A-2	  	Receivables Sale Agreement (20[ ]-[ ])

 SCHEDULE I 

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE RECEIVABLES 

 

	(a)	 Characteristics of Receivables.  As of the Cut-Off Date (or such other date as may be
specifically set forth below), each Receivable: 

  

	 	(i)	 has been fully executed or electronically authenticated (as defined in the UCC) by the Obligor thereto;

  

	 	(ii)	 as of the Closing Date, is secured by a first priority perfected security interest in the Financed Vehicle in
favor of the Bank, as secured party, or all necessary actions have been commenced that would result in a first priority perfected security interest in the Financed Vehicle in favor of the Bank, as secured party, which security interest, in either
case, is assignable and has been so assigned (x) by the Bank to FTH LLC, (y) by FTH LLC to the Seller and (z) by the Seller to the Issuer; 

  

	 	(iii)	 contains provisions that permit the repossession and sale of the Financed Vehicle upon a default under the
Receivable by the Obligor; 

  

	 	(iv)	 provided, at origination, for level monthly payments which fully amortize the initial Outstanding Principal
Balance over the original term; provided, that the amount of the first and last payments may be different from the level payment but in no event more than three times the level monthly payment; and 

 

	 	(v)	 was originated in the United States. 

 

	(b)	 Individual Characteristics.    As of the Cut-Off Date (or such other date as may be
specifically set forth below), each Receivable has the following individual characteristics: 

  

	 	(i)	 the Receivable is secured by a new or used automobile, light-duty truck, van or other motor vehicle;

  

	 	(ii)	 the Receivable has a Contract Rate of no less than [    ]%; 

 

	 	(iii)	 the Receivable had an original term to maturity of not more than [    ] months and not
less than [     ] months and the Receivable has a remaining term to maturity of not less than [    ] months; 

  

	 	(iv)	 the Receivable has an Outstanding Principal Balance of greater than or equal to
$[     ]; 

  

	 	(v)	 the Receivable has not a scheduled maturity date on or before
[                  ]; 

  

	 	(vi)	 the Receivable was not more than 30 days past due; 

  

					
		  	Schedule I-1	  	Receivables Sale Agreement (20[ ]-[ ])

	 	(vii)	 the Receivable was not noted in the records of the Servicer as being the subject of any pending bankruptcy or
insolvency Proceeding; and 

  

	 	(viii)	 each Receivable is a Simple Interest Receivable. 

 

	(c)	 Compliance with Law.  The Receivable complied at the time it was originated or made, in all
material respects with all requirements of law in effect at that time and applicable to such Receivable laws. 

  

	(d)	 Binding Obligation.  The Receivable constitutes the legal and binding payment obligation in
writing of the Obligor, enforceable in all material respects by the holder thereof in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, liquidation or other laws, equitable principles and
consumer protection laws relating to or affecting the enforcement of creditors’ rights generally and the Servicemembers Civil Relief Act, as amended, to the extent applicable to the related Obligor. 

 

	(e)	 Receivable in Force.    As of the Cut-Off Date, the Bank’s records related to
the Receivables do not indicate that any Receivable was satisfied, subordinated or rescinded or that the related Financed Vehicle was released from the lien granted by the Receivable in whole or in part. 

 

	(f)	 No Waiver. As of the Cut-Off Date, no provision of a Receivable has been expressly waived in writing in
any material respect, except by instruments or documents identified in the related Receivable File. 

  

	(g)	 No Default. Except for payment delinquencies continuing for a period of not more than 30 days as of the
Cut-Off Date, the records of the Servicer did not disclose any payment defaults under the terms of the Receivable existed as of the Cut-Off Date. 

  

	(h)	 Insurance.    Under the terms of the Receivable, the Obligor is required to
maintain physical damage insurance covering the related Financed Vehicle. 

  

	(i)	 No Government Obligor.    The Obligor on each Receivable is not listed on the
Bank’s electronic records as the United States of America or any state thereof or any local government, or any agency, department, political subdivision or instrumentality of the United States of America or any state thereof or any local
government. 

  

	(j)	 Assignment.    No Receivable has been originated in, or is subject to the laws of,
a jurisdiction under which the sale, transfer, assignment, contribution, conveyance or pledge of such Receivable would be unlawful, void, or voidable. 

  

	(k)	 Good Title.  As of the Closing Date, and immediately prior to the sale and transfer herein
contemplated, the Bank had good and marketable title to each Receivable free and clear of all Liens (except Permitted Liens and any Lien which will be released prior to the sale and transfer of such Receivable to FTH LLC) and, immediately upon the
sale ad transfer thereof to FTH LLC, FTH LLC will have good and marketable title to each Receivable, free and clear of all Liens (other than Permitted Liens). 

  

					
		  	Schedule I-2	  	Receivables Sale Agreement (20[ ]-[ ])

	(l)	 Characterization of Receivables.  Each Receivable constitutes either “electronic chattel
paper,” “tangible chattel paper,” an “instrument,” an “account,” a “promissory note,” a “general intangible” or a “payment intangible,” each as defined in the UCC as in effect in the
state of origination. 

  

	(m)	 One Original.  There is only one executed original, electronically authenticated original or
authoritative copy of the Contract (in each case within the meaning of the UCC) related to each Receivable. 

  

	(n)	 No Defenses.    The Bank has no knowledge that any right of rescission, set-off,
counterclaim or defense has been asserted or threatened in writing by any Obligor with respect to any Receivable. 

  

					
		  	Schedule I-3	  	Receivables Sale Agreement (20[ ]-[ ])

 SCHEDULE II 

PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 

In addition to the representations, warranties and covenants contained in the Agreement, the Bank hereby represents, warrants,
and covenants to FTH LLC 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 Bank Transferred Assets in favor of FTH LLC, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Bank. 

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 Bank, 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 Bank, 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 the Bank to FTH LLC, the Bank owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of FTH LLC) and immediately after the sale, transfer, assignment
and conveyance of such Receivable to FTH LLC, FTH LLC will have good and marketable title to such Receivable free and clear of any Lien. 

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

6.         The Bank 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 Bank to FTH LLC and the
security interest in the Receivables granted to FTH LLC hereunder; and the Servicer, in its capacity as custodian, has in its possession the original copies 

  

					
		  	Schedule II-1	  	Receivables Sale Agreement (20[ ]-[ ])

 
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.         The Bank has authorized the filing of, and is not aware of any
financing statements against the Bank 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 Bank is not aware of any material judgment, ERISA or tax lien
filings against the Bank. 
 10.        Neither the Bank 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. 

  

					
		  	Schedule II-2	  	Receivables Sale Agreement (20[ ]-[ ])

 Survival of Perfection Representations 

12.        Notwithstanding any other provision of this Agreement or any other
Transaction Document, the perfection representations, warranties and covenants contained in this Schedule II 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 Bank 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	  	Receivables Sale Agreement (20[ ]-[ ])EX-10.7

 Exhibit 10.7 

FIFTH THIRD AUTO TRUST 20[  ]-[  ] 

FORM OF 
 AMENDED AND
RESTATED TRUST AGREEMENT 
  
 between 

FIFTH THIRD HOLDINGS FUNDING, LLC, 

as the Depositor 
  

and 
  

[                ], 

as the Owner Trustee 
  

Dated as
of [                        ] 

 TABLE OF CONTENTS 

							
	 	 	 	  	Page	 
		
	
ARTICLE I            
DEFINITIONS
	  	 	1	  
			
	 SECTION 1.1
	 	 Capitalized Terms
	  	 	1	  
			
	 SECTION 1.2
	 	 Other Interpretive Provisions
	  	 	1	  
		
	
ARTICLE II          ORGANIZATION
	  	 	2	  
			
	 SECTION 2.1
	 	 Name
	  	 	2	  
			
	 SECTION 2.2
	 	 Office
	  	 	2	  
			
	 SECTION 2.3
	 	 Purposes and Powers
	  	 	2	  
			
	 SECTION 2.4
	 	 Appointment of the Owner Trustee
	  	 	3	  
			
	 SECTION 2.5
	 	 Initial Capital Contribution of Trust Estate
	  	 	3	  
			
	 SECTION 2.6
	 	 Declaration of Trust
	  	 	3	  
			
	 SECTION 2.7
	 	 Organizational Expenses; Liabilities of the Holders
	  	 	4	  
			
	 SECTION 2.8
	 	 Title to the Trust Estate
	  	 	4	  
			
	 SECTION 2.9
	 	 Representations and Warranties of the Depositor
	  	 	4	  
		
	
ARTICLE III         CERTIFICATES AND TRANSFER OF
CERTIFICATES
	  	 	5	  
			
	 SECTION 3.1
	 	 Initial Ownership
	  	 	5	  
			
	 SECTION 3.2
	 	 Authentication of Certificates
	  	 	5	  
			
	 SECTION 3.3
	 	 Form of the Certificates
	  	 	6	  
			
	 SECTION 3.4
	 	 Registration of Certificates
	  	 	6	  
			
	 SECTION 3.5
	 	 Transfer of Certificates
	  	 	6	  
			
	 SECTION 3.6
	 	 Lost, Stolen, Mutilated or Destroyed Certificates
	  	 	10	  
			
	 SECTION 3.7
	 	 Appointment of the Certificate Paying Agent
	  	 	11	  
			
	 SECTION 3.8
	 	 Maintenance of Office or Agency
	  	 	11	  
		
	 ARTICLE IV        ACTIONS
BY OWNER TRUSTEE
	  	 	11	  
			
	 SECTION 4.1
	 	 Prior Notice to Certificateholders with Respect to Certain Matters
	  	 	12	  
			
	 SECTION 4.2
	 	 Action by Certificateholders with Respect to Certain Matters
	  	 	12	  
			
	 SECTION 4.3
	 	 Action by Certificateholders with Respect to Bankruptcy
	  	 	12	  
			
	 SECTION 4.4
	 	 Restrictions on Certificateholders’ Power
	  	 	12	  
			
	 SECTION 4.5
	 	 Acts of Certificateholders; Majority Control
	  	 	12	  
			
	 SECTION 4.6
	 	 Compliance with the FDIC Rule
	  	 	13	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
 Page  

  
  

							
		
	
ARTICLE V          APPLICATION OF TRUST
FUNDS; CERTAIN DUTIES
	  	 	13	  
			
	 SECTION 5.1
	 	 Application of Trust Funds
	  	 	13	  
			
	 SECTION 5.2
	 	 Sarbanes-Oxley Act
	  	 	14	  
			
	 SECTION 5.3
	 	 Signature on Returns
	  	 	14	  
			
	 SECTION 5.4
	 	 Accounting and Reports to Certificateholders, the Internal Revenue Service and Others
	  	 	14	  
			
	 SECTION 5.5
	 	 Method of Payment
	  	 	15	  
			
	 SECTION 5.6
	 	 Certificate Distribution Account
	  	 	15	  
		
	
ARTICLE VI        AUTHORITY AND DUTIES OF OWNER
TRUSTEE
	  	 	15	  
			
	 SECTION 6.1
	 	 General Authority
	  	 	15	  
			
	 SECTION 6.2
	 	 General Duties
	  	 	16	  
			
	 SECTION 6.3
	 	 Action upon Instruction
	  	 	16	  
			
	 SECTION 6.4
	 	 No Duties Except as Specified in this Agreement or in Instructions
	  	 	17	  
			
	 SECTION 6.5
	 	 No Action Except under Specified Documents or Instructions
	  	 	17	  
			
	 SECTION 6.6
	 	 Restrictions
	  	 	17	  
			
	 SECTION 6.7
	 	 Relevant Trustee
	  	 	18	  
			
	 SECTION 6.8
	 	 Reporting
	  	 	18	  
		
	 ARTICLE VII       CONCERNING
OWNER TRUSTEE
	  	 	18	  
			
	 SECTION 7.1
	 	 Acceptance of Trusts and Duties
	  	 	18	  
			
	 SECTION 7.2
	 	 Preservation of Information; Communications to Certificateholders
	  	 	19	  
			
	 SECTION 7.3
	 	 Statements to Certificateholders
	  	 	19	  
			
	 SECTION 7.4
	 	 Notice of Events of Default
	  	 	20	  
			
	 SECTION 7.5
	 	 Representations and Warranties
	  	 	20	  
			
	 SECTION 7.6
	 	 Reliance; Advice of Counsel
	  	 	21	  
			
	 SECTION 7.7
	 	 Not Acting in Individual Capacity
	  	 	21	  
			
	 SECTION 7.8
	 	 The Owner Trustee May Own Notes
	  	 	22	  
			
	 SECTION 7.9
	 	 Rule 144A Information
	  	 	22	  
		
	 ARTICLE VIII      COMPENSATION AND
INDEMNIFICATION OF OWNER TRUSTEE
	  	 	22	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
 Page  

  
  

							
			
	 SECTION 8.1
	 	 The Owner Trustee’s Compensation
	  	 	22	  
			
	 SECTION 8.2
	 	 Indemnification
	  	 	22	  
			
	 SECTION 8.3
	 	 Payments to the Owner Trustee
	  	 	23	  
			
	 SECTION 8.4
	 	 Rights, Protections, Immunities and Indemnities of the Certificate Paying Agent Relevant Trustee and Paying Agent
	  	 	23	  
		
	
ARTICLE IX        TERMINATION OF TRUST
AGREEMENT
	  	 	23	  
			
	 SECTION 9.1
	 	 Termination of Trust Agreement
	  	 	23	  
			
	 SECTION 9.2
	 	 Dissolution of the Issuer
	  	 	24	  
			
	 SECTION 9.3
	 	 Limitations on Termination
	  	 	25	  
		
	
ARTICLE X          SUCCESSOR OWNER TRUSTEES
AND ADDITIONAL OWNER TRUSTEES
	  	 	25	  
			
	 SECTION 10.1
	 	 Eligibility Requirements for the Owner Trustee
	  	 	25	  
			
	 SECTION 10.2
	 	 Resignation or Removal of the Owner Trustee
	  	 	25	  
			
	 SECTION 10.3
	 	 Successor Owner Trustee
	  	 	26	  
			
	 SECTION 10.4
	 	 Merger or Consolidation of the Owner Trustee
	  	 	26	  
			
	 SECTION 10.5
	 	 Appointment of Co-Trustee or Separate Trustee
	  	 	27	  
		
	
ARTICLE XI        MISCELLANEOUS
	  	 	28	  
			
	 SECTION 11.1
	 	 Amendments
	  	 	28	  
			
	 SECTION 11.2
	 	 No Legal Title to Trust Estate in Certificateholders
	  	 	29	  
			
	 SECTION 11.3
	 	 Limitations on Rights of Others
	  	 	30	  
			
	 SECTION 11.4
	 	 Notices
	  	 	30	  
			
	 SECTION 11.5
	 	 Severability
	  	 	30	  
			
	 SECTION 11.6
	 	 Separate Counterparts
	  	 	30	  
			
	 SECTION 11.7
	 	 Successors and Assigns
	  	 	30	  
			
	 SECTION 11.8
	 	 No Petition
	  	 	31	  
			
	 SECTION 11.9
	 	 Headings
	  	 	32	  
			
	 SECTION 11.10
	 	 Governing Law
	  	 	32	  
			
	 SECTION 11.11
	 	 Waiver of Jury Trial
	  	 	32	  
			
	 SECTION 11.12
	 	 Information Requests
	  	 	32	  
			
	 SECTION 11.13
	 	 Form 10-D and Form 10-K Filings
	  	 	32	  

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
 Page  

  
  

							
			
	 SECTION 11.14
	 	 Form 8-K Filings
	  	 	33	  
			
	 SECTION 11.15
	 	 Information to Be Provided by the Owner Trustee
	  	 	33	  

  

			
	 Exhibit A
	  	 Form of Certificate

	 Exhibit B
	  	 Form of Certificate Investor Representation Letter

	 Exhibit C
	  	 Form of Notice Requests to Repurchase Receivables

	 Exhibit D
	  	 Form of Registration of Certificate Transfer Direction Letter Pursuant to the Trust Agreement

	 Exhibit E
	  	 Form of Owner Trustee’s Annual Certification Regarding Item 1117 and Item 1119 of Regulation AB

  
 -iv- 

 This AMENDED AND RESTATED TRUST AGREEMENT is made as of
[                        ] (as amended, supplemented or otherwise modified and in effect from time to time, this
“Agreement”) between FIFTH THIRD HOLDINGS FUNDING, LLC, a Delaware limited liability company, as the depositor (the “Depositor”), and
[            ], a
[                            ], as the owner trustee (in such capacity, the “Owner
Trustee”). 
 RECITALS 

WHEREAS, the Depositor and the Owner Trustee entered into that certain Trust Agreement dated as of
[                            ] (the “Original Trust Agreement”) and filed a
certificate of trust with the Secretary of State of the State of [                ], pursuant to which the Issuer (as defined below) was created; and 

WHEREAS, in connection with the issuance of the Notes, the parties have agreed to amend and restate the Original Trust
Agreement; 
 NOW THEREFORE, in consideration of the mutual agreements herein contained, and of other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
 ARTICLE I 

DEFINITIONS 

SECTION 1.1 Capitalized Terms.  Unless otherwise indicated, capitalized terms used in this
Agreement 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 Issuer and the Seller,
which contains rules as to usage that are applicable herein. 
 SECTION 1.2 Other Interpretive
Provisions.  All terms defined in this Agreement shall have the defined meanings when used in any certificate or other document delivered pursuant hereto unless otherwise defined therein. For purposes of this Agreement and all such
certificates and other documents, 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 State of
Delaware 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 or Exhibit are references to Articles, Sections, Schedules 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 such variations thereof means “including 

  

					
		 		 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
without limitation”; (f) 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 

ORGANIZATION 

SECTION 2.1 Name.    The trust created under the Original Trust Agreement and continued
hereby is known as “Fifth Third Auto Trust 20[  ]-[  ]” (the “Issuer”), in which name the Owner Trustee, the Administrator and the Servicer (to the extent set forth in the Transaction Documents) may
conduct the business of such trust, make and execute contracts and other instruments on behalf of such trust and sue and be sued. 

SECTION 2.2 Office.  The office of the Issuer shall be in care of the Owner Trustee at the
applicable Corporate Trust Office or at such other address as the Owner Trustee may designate by written notice to each Certificateholder, the Depositor and the Administrator. 

SECTION 2.3 Purposes and Powers.  The purpose of the Issuer is, and the Issuer shall have the
power and authority, to engage in the following activities: 

(a)        to issue the Notes pursuant to the Indenture and to issue
the Certificates pursuant to this Agreement, and to sell, transfer and exchange the Notes and the Certificates and to pay interest on and principal of the Notes to the Noteholders and to make distributions to the Certificateholders; 

(b)        [to enter into and perform its obligations under any
interest rate protection agreement or agreements relating to the Notes between the Issuer and one or more counterparties, including any confirmations, evidencing the transactions thereunder, each of which is an interest rate swap, an interest rate
cap, an obligation to enter into any of the foregoing or any combination of any of the foregoing;] 

(c)        to acquire the property and assets set forth in the Sale
Agreement from the Depositor pursuant to the terms thereof, to make deposits to and withdrawals from the Collection Account, the Principal Distribution Account, the Designated Certificateholder Account and the Reserve Account and to pay the
organizational, start-up and transactional expenses of the Issuer; 

(d)        to assign, Grant, transfer, pledge, mortgage and convey
the Trust Estate pursuant to the Indenture and to hold, manage and distribute to the Certificateholders any portion of the Trust Estate released from the lien of, and remitted to the Issuer pursuant to, the Indenture; 

  

					
		 	2	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 (e)        to enter into
and perform its obligations under the Transaction Documents to which it is a party; 

(f)         to engage in those activities, including entering
into agreements, that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and 

(g)        subject to compliance with the Transaction Documents, to
engage in such other activities as may be required in connection with conservation of the Trust Estate and the making of distributions to the Certificateholders and payments to the Noteholders. 

The Owner Trustee is hereby authorized to engage in the foregoing activities on behalf of the Issuer. Neither the Issuer nor the Owner
Trustee on behalf of the Issuer shall engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement or the other Transaction Documents. 

SECTION 2.4 Appointment of the Owner Trustee.  The Depositor hereby appoints the Owner Trustee as
trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein. 

SECTION 2.5 Initial Capital Contribution of Trust Estate.  As of the date of the Original
Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of such date, of the foregoing contribution, which
shall constitute the initial Trust Estate. 
 SECTION 2.6 Declaration of
Trust.    The Owner Trustee hereby declares that it will hold the Trust Estate in trust upon and subject to the conditions set forth herein for the use and benefit of the Certificateholders, subject to the obligations
of the Issuer under the Transaction Documents. It is the intention of the parties hereto that the Issuer constitute a statutory trust under the Statutory Trust Statute, that this Agreement constitute the governing instrument of such statutory trust
and that, for United States federal, state and local income, franchise and value added tax purposes, (i) for so long as the Issuer has, or is deemed to have, but a single beneficial owner, it shall be disregarded as an entity separate from its
single beneficial owner and (ii) if the Issuer has, or is deemed to have, more than one beneficial owner it shall be treated as a partnership that is not a “publicly traded partnership” as defined in Treasury Regulation Section 1.7704-1
promulgated under the Code, and this Agreement shall be amended to include such provisions as may be required under Subchapter K of the Code. The parties hereto agree that the Issuer will file or cause to be filed annual or other necessary tax
returns, reports and other forms consistent with the foregoing tax characterization of the Issuer, as applicable, unless otherwise required by pertinent tax law. No election shall be made by or on behalf of the Issuer to be classified as an
association taxable as a corporation for United States federal income tax purposes. Effective as of the date hereof, the Owner Trustee shall have all rights, powers and duties set forth herein and, to the extent not inconsistent herewith, in the
Statutory Trust Statute with respect to accomplishing the purposes of the Issuer. The Owner Trustee filed the Certificate 

  

					
		 	3	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
of Trust with the Secretary of State of the State of Delaware as required by Section 3810(a) of the Statutory Trust Statute, such filing hereby being ratified and approved in all respects.
Notwithstanding anything herein or in the Statutory Trust Statute to the contrary, it is the intention of the parties hereto that the Issuer constitute a “business trust” within the meaning of Section 101(9)(A)(v) of the Bankruptcy Code.

 SECTION 2.7 Organizational Expenses; Liabilities of the Holders. 

(a)        The Servicer shall pay organizational expenses of the
Issuer as they may arise. 
 (b)        No Certificateholder
(including the Depositor) shall have any personal liability for any liability or obligation of the Issuer. 

SECTION 2.8 Title to the Trust Estate.  Legal title to all the Trust Estate shall be vested at
all times in the Issuer as a separate legal entity. 
 SECTION 2.9 Representations and Warranties of the
Depositor.  The Depositor hereby represents and warrants to the Owner Trustee that: 

(a)        Existence and Power.  The Depositor 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 required to carry on its business as now conducted. The Depositor has obtained
all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Depositor to perform its obligations under the Transaction Documents. 

(b)        Authorization and No Contravention.  The
execution, delivery and performance by the Depositor of each Transaction Document to which it is a party (i) have been duly authorized by all necessary limited liability company action on the part of the Depositor and (ii) do not
contravene or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments 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 Depositor’s ability to perform its obligations under, the Transaction Documents to which it is a party). 

(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 Depositor of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have
previously been obtained and filings which have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material 

  

					
		 	4	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
adverse effect on the ability of the Depositor to perform its obligations under the Transaction Documents to which it is a party. 

(d)        Binding Effect.    Each
Transaction Document to which the Depositor is a party constitutes the legal, valid and binding obligation of the Depositor enforceable against the Depositor 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 Depositor, threatened against the Depositor 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 Depositor 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 the Depositor that would materially and adversely affect
the federal or Applicable Tax State income, excise, franchise or similar tax attributes of the Notes. 

(f)        Situs of Issuer.    The Issuer
shall be located in the State of Delaware and administered in the State of Delaware [or the State of New York]. All bank accounts maintained by the Owner Trustee on behalf of the Issuer shall be located in the State of Delaware [or the State of
New York]. The Issuer shall not have any employees in any state; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware. Payments will be
received by the Issuer only in Delaware [or New York] and payments will be made by the Issuer only from Delaware [or New York.] 
 ARTICLE
III 
 CERTIFICATES AND TRANSFER OF CERTIFICATES 

SECTION 3.1 Initial Ownership.    Upon the formation of the Issuer and until the
issuance of the Certificates, the Depositor shall be the sole beneficiary of the Issuer; and upon the issuance of the initial Certificate, the Depositor will no longer be a beneficiary of the Issuer, except to the extent that the Depositor is a
Certificateholder. 
 SECTION 3.2 Authentication of Certificates. 

  

					
		 	5	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 (a)        Concurrently
with the sale of the Transferred Assets to the Issuer pursuant to the Sale Agreement, the Owner Trustee shall cause the Certificates to be executed on behalf of the Issuer, authenticated and delivered to or upon the written order of the Depositor,
signed by its chairman of the board, its president, its chief financial officer, its chief accounting officer, any vice president, its secretary, any assistant secretary, its treasurer or any assistant treasurer, without further corporate action by
the Depositor. The Certificates shall represent 100% of the beneficial interest in the Issuer and shall, to the fullest extent permitted by applicable law, be fully-paid and nonassessable. 

(b)        The Certificates shall represent 100% of the beneficial
interest in the Issuer and shall, to the fullest extent permitted by applicable law, be fully paid and nonassessable. 

SECTION 3.3 Form of the Certificates.  The initial Certificate, upon issuance, will be a
typewritten, definitive Certificate substantially in the form of Exhibit A hereto and shall be registered in the name of Fifth Third Holdings Funding, LLC or its nominee as the initial registered owner thereof. 

SECTION 3.4 Registration of Certificates.    The Owner Trustee, in its capacity as
“Certificate Registrar” shall maintain at its office referred to in Section 2.2, or at the office of any agent appointed by it and approved in writing by the Certificateholders at the time of such appointment, a register (the
“Certificate Register”) for the registration and transfer of any Certificate, and the Owner Trustee or such agent shall promptly notify the Indenture Trustee of any change in the registered ownership of a Certificate. Prior to the
presentment for registration of transfer of any Certificate, the Owner Trustee and the Indenture Trustee or any agent of the Owner Trustee, the Indenture Trustee and the Depositor may treat the Person in whose name any Certificate is registered (as
of the applicable Record Date) as the owner of such Certificate for the purpose of receiving distributions on such Certificate and for all other purposes whatsoever and unless the Certificate Register is notified of such change in ownership the only
available recourse such transferee shall have shall be to the person in whose name the related Certificate is registered. 

SECTION 3.5    Transfer of Certificates.  (a) Any Certificateholder may assign,
convey or otherwise transfer all or any of its right, title and interest in the related Certificate; provided, that: 

(i)        (a) such transferee is either an Affiliate of the
Depositor or (b) (1) is a Qualified Institutional Buyer, (2) is aware that the sale or resale of the Certificates to it is being made in reliance on the exemption from registration provided by Rule 144A, and (3) is acquiring the Certificates for its
own account or for one or more accounts, each of which is a Qualified Institutional Buyer, and as to each of which the owner exercises sole investment discretion; 

(ii)       such transferee understands that the Certificates will bear the
applicable legends set forth in Section 3.5(h); 

  

					
		 	6	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 (iii)      such transferee
understands that the Certificates are being offered only in a transaction not involving any public offering in the United States within the meaning of the Securities Act, none of the Certificates have been or will be registered under the Securities
Act, and, if in the future the transferee decides to offer, resell, pledge or otherwise transfer the Certificates, such Certificates may be offered, resold, pledged or otherwise transferred solely in accordance with this Agreement and the applicable
legend on such Certificates set forth below; 
 (iv)      such transferee
understands that an investment in the Certificates involves certain risks, including the risk of loss of all or a substantial part of its investment under certain circumstances. The transferee has had access to such financial and other information
concerning the Issuer and the Certificates as it deemed necessary or appropriate in order to make an informed investment decision with respect to its purchase of the Certificates. The transferee has such knowledge and experience in financial and
business matters that the transferee is capable of evaluating the merits and risks of its investment in the Certificates, and the transferee and any accounts for which it is acting are each able to bear the economic risk of the holder’s or of
such investment; 
 (v)       such transferee will not offer, transfer,
pledge, sell or otherwise dispose of the Certificates or any interest in the Certificates to any Person in any manner, or solicit any offer to buy, transfer, pledge or otherwise dispose of the Certificates or any interest in the Certificates from
any Person in any manner, or make any general solicitation by means of general advertising or in any other manner, or take any other action that would constitute a distribution of the Certificates under the Securities Act or that would render the
disposition of the Certificates a violation of Section 5 of the Securities Act or any other applicable securities laws or require registration pursuant thereto, and will not authorize any Person to act on its behalf, in such manner with respect to
the Certificates; 
 (vi)      the Owner Trustee and the Issuer determine
(based on the advice of counsel or such other information as they deem necessary or advisable) that the transfer complies with the requirements of clauses (d) and (f) of this Section 3.5; 

(vii)     such Certificate may not be acquired by or for the account of or with the
assets of a Benefit Plan or a governmental, church, non-U.S. or other plan which is subject to any Similar Law; 

(viii)    unless such transferee is an Affiliate of the Depositor, the transferee
provides a Certificate Investor Representation Letter substantially in the form of Exhibit B; and 

(ix)      such transferee acknowledges that the Issuer, the Owner Trustee and
others will rely upon the truth and accuracy of the acknowledgements, representations, warranties and agreements in this Section 3.5 and agrees that if any of the acknowledgements, representations, warranties or agreements made by

  

					
		 	7	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
it in connection with its purchase of the Certificates are no longer accurate, the transferee will promptly notify the Issuer and the Owner Trustee. 

Each Certificateholder will represent and warrant that it is not (and will not be) a Benefit Plan or a governmental, church,
non-U.S. or other plan which is subject to any Similar Law and is not (and will not be) accepting or holding such Certificate (or any interest therein) on behalf of or with assets of a Benefit Plan or a governmental, non-U.S. or church plan which is
subject to Similar Law. The Owner Trustee shall have no duty to independently determine that the requirement in clause (vi) above is met and shall incur no liability to any Person in the event the Certificateholder does not comply with
such restrictions. Subject to the transfer restrictions contained herein and in the Certificates, any Certificateholder may transfer all or any portion of the Percentage Interest evidenced by such Certificate upon surrender thereof to the Owner
Trustee accompanied by the documents required by this Section. Such transfer may be made by a registered Certificateholder in person or by his attorney duly authorized in writing upon surrender of the Certificate to the Owner Trustee accompanied by
(a) a written instrument of transfer in the form of the “Assignment” attached to the Form of Certificate attached hereto as Exhibit A and with such signature guarantees and evidence of authority of the Persons signing the instrument
of transfer as the Owner Trustee may reasonably require; provided, however, that the Owner Trustee shall not require the signature of the Depositor to be medallion guaranteed for the transfers from the Depositor to any
applicable transferees on the date hereof, (b) an executed direction letter regarding registration of such transfer in the form attached hereto as Exhibit D, and (c) the documents required by Sections 3.5(a)(viii) and
3.5(f) hereof. Promptly upon the receipt of such documents and receipt by the Owner Trustee of the transferor’s Certificate, the Owner Trustee shall record the name of such transferee as a Certificateholder and its Percentage Interest in
the Certificate Register and issue, execute and deliver to such Certificateholder a Certificate evidencing such Percentage Interest. In the event a transferor transfers only a portion of its Percentage Interest, the Owner Trustee shall register and
issue to such transferor a new Certificate evidencing such transferor’s new Percentage Interest and shall issue, execute and deliver to such transferee a new Certificate evidencing such transferee’s Percentage Interest. Subsequent to each
transfer of beneficial interest and upon the issuance of the new Certificate or Certificates, the Owner Trustee shall cancel and destroy the Certificate surrendered to it in connection with such transfer. The Owner Trustee may treat, for all
purposes whatsoever (other than for purposes of clauses (d) and (e) of this Section 3.5), the Person in whose name any Certificate is registered as the sole owner of the Percentage Interest evidenced by such Certificate. 

(b)        As a condition precedent to any registration of transfer
under this Section 3.5, the Owner Trustee may require the payment of a sum sufficient to cover the payment of any tax or taxes or other governmental charges required to be paid in connection with such transfer. 

(c)        The Owner Trustee shall not be obligated to register any
transfer of a Certificate unless the transferee has certified to the Owner Trustee that such transfer does not violate any of the transfer restrictions stated herein including, but not limited to clauses (d) and (e) of this
Section 3.5. The Owner Trustee shall 

  

					
		 	8	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
not be liable to any Person for registering any transfer based on such certifications. 

(d)        No transfer (or purported transfer) of all or any part of
a Certificateholder’s interest (or any economic interest therein), whether to another Certificateholder or to a Person who is not a Certificateholder, shall be effective, and any such transfer (or purported transfer) shall be void ab
initio, and no Person shall otherwise become a Certificateholder if, after such transfer (or purported transfer), the Issuer would have more than 95 direct or indirect holders of an interest in the Certificates. For purposes of determining
whether the Issuer will have more than 95 holders of an interest in the Certificates, each Person indirectly owning an interest through a partnership (including any entity treated as a partnership for United States federal income tax purposes), a
grantor trust, an S corporation or an entity wholly owned and disregarded as separate from (within the meaning of Treasury Regulation Section 301.7701-3) any of the foregoing (each such entity, a “flow-through entity”) shall be treated as
a Certificateholder, as applicable, unless the Depositor determines in its sole and absolute discretion, after consulting with qualified tax counsel, that less than substantially all of the value of the beneficial owner’s interest in the
flow-through entity is attributable to the flow-through entity’s interest (direct or indirect) in the Issuer. 

(e)        No transfer shall be permitted if such transfer is
effected through an established securities market or secondary market (or the substantial equivalent thereof) within the meaning of Code section 7704 and any proposed, temporary or final Treasury regulations thereunder. 

(f)         Each transferee (i) shall be required to represent
and warrant that it is a United States Tax Person and (ii) shall provide a certification of non-foreign status, in such form as may be requested by the Seller or the Owner Trustee (e.g., IRS Form W-9), signed under penalties of perjury (and such
other certification, representations or opinion of counsel as may be requested by the Seller or the Owner Trustee). 

(g)        If a Responsible Officer of the Owner Trustee becomes
aware that (1) a transfer or attempted or purported transfer of any Certificate or interest therein was consummated in compliance with the provisions of this Section 3.5 on the basis of a materially incorrect certification from the transferor
or purported transferee, (2) a transferee failed to deliver to the Owner Trustee the certificate required to be delivered under Section 3.5(a)(viii) or (3) the Certificateholder of any Certificate or interest therein is in material breach of
any representation or agreement set forth in any certificate or any deemed representation or agreement of such Certificateholder, the Owner Trustee will direct the Certificate Registrar not to register such attempted or purported transfer and, if a
transfer has been registered, such transfer shall be absolutely null and void ab initio and shall not operate to transfer any rights to the purported transferee (such purported transferee, a “Disqualified Transferee”) and the last
preceding Certificateholder of 

  

					
		 	9	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
such Certificateholder that was not a Disqualified Transferee shall be restored to all rights as a Certificateholder thereof retroactively to the date of the purported transfer of such
Certificate by such Certificateholder. 
 (h)        Each
Certificate will bear a legend to the following effect: 
 “THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS OF ANY STATE OR OTHER JURISDICTION. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE RESOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS AND ONLY PURSUANT TO RULE 144A UNDER THE SECURITIES
ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED
THAT THE REOFFER, RESALE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A.” 
 SECTION 3.6 Lost,
Stolen, Mutilated or Destroyed Certificates.    If (i) any mutilated Certificate is surrendered to the Owner Trustee or (ii) the Owner Trustee receives evidence to its satisfaction that any Certificate has been destroyed,
lost or stolen, and upon proof of ownership satisfactory to the Owner Trustee together with such security or indemnity on behalf of the Issuer as may be requested by the Owner Trustee to save it harmless, then, in the absence of notice to the Owner
Trustee that such Certificate has been acquired by a protected purchaser, the Owner Trustee shall execute and deliver a new Certificate for the same Percentage Interest in the Issuer as the Certificate so mutilated, destroyed, lost or stolen, of
like tenor and bearing a different issue number, with such notations, if any, as the Owner Trustee shall determine. Upon the issuance of any new Certificate under this Section 3.6, the Issuer or Owner Trustee may require the payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of the Certificate and any other reasonable expenses (including the reasonable fees and expenses of the Issuer and the Owner
Trustee) connected therewith. If, after the delivery of such new Certificate a protected purchaser of the original Certificate in lieu of which such new Certificate was issued presents such original Certificate for transfer or payment, the
Issuer and Owner Trustee shall be entitled to recover such new Certificate from the Person to whom it was delivered or any Person taking title therefrom, except a protected purchaser, and the Issuer and Owner Trustee shall be entitled to recover
upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer and Owner Trustee, in connection therewith. Any duplicate Certificate issued pursuant to this Section 3.6 shall
constitute complete and indefeasible evidence of ownership in the Issuer, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time. The provisions of this Section 3.6 are exclusive and
shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, defaced, destroyed, lost or stolen Certificates. 

  

					
		 	10	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 SECTION 3.7 Appointment of the Certificate Paying
Agent.    At any time that a Certificate Distribution Account exists, having been established in accordance with the terms of the Indenture, the Certificate Paying Agent shall make distributions to Certificateholders from the
Certificate Distribution Account pursuant to Section 5.5 and shall report the amounts of such distributions to the Owner Trustee and the Servicer. Any Certificate Paying Agent shall have the revocable power to withdraw funds from the
Certificate Distribution Account for the purpose of making the distributions referred to above. The Owner Trustee may revoke such power and remove the Certificate Paying Agent if the Owner Trustee determines in its sole discretion that the
Certificate Paying Agent shall have failed to perform its obligations under this Agreement in any material respect. The Certificate Paying Agent shall initially be
[                                    ], and any co-paying
agent chosen by the Certificate Paying Agent. [                                ]
shall be permitted to resign as Certificate Paying Agent upon thirty (30) days’ written notice to the Owner Trustee. If
[                                        ]
shall no longer be the Certificate Paying Agent, the Administrator shall appoint a successor to act as Certificate Paying Agent (which shall be a bank or a trust company). The Administrator shall cause such successor Certificate Paying Agent or any
additional Certificate Paying Agent appointed by the Administrator to execute and deliver to the Owner Trustee a written agreement in which such successor Certificate Paying Agent or additional Certificate Paying Agent shall agree with the Owner
Trustee that, as Certificate Paying Agent, such successor Certificate Paying Agent or additional Certificate Paying Agent shall hold all sums, if any, held by it for payment to the Certificateholders in trust for the benefit of the
Certificateholders entitled thereto until such sums shall be paid to such Certificateholders. Subject to applicable laws with respect to the escheat of funds, the Certificate Paying Agent shall return all funds that have remained unclaimed by a
Certificateholder for two (2) years to the Owner Trustee. Immediately upon its removal, a Certificate Paying Agent shall return all funds (including any unclaimed funds) in its possession to the Owner Trustee. The rights, protections and indemnities
of the Owner Trustee under Article VII and Sections 8.2 and 9.2 of this Agreement shall apply to the Owner Trustee also in its role as Certificate Paying Agent for so long as the Owner Trustee shall act as Certificate Paying
Agent and, to the extent applicable, to any other paying agent appointed hereunder. Any reference in this Agreement to the Certificate Paying Agent shall include any co-paying agent unless the context requires otherwise. 

SECTION 3.8 Maintenance of Office or Agency.    As long as any of the Certificates
remain Outstanding, the Issuer shall maintain at the applicable Corporate Trust Office, an office or agency where Certificates may be surrendered for registration of transfer or exchange, and where notices and demands to or upon the Issuer in
respect of the Certificates and this Agreement may be served. The Issuer hereby initially appoints the Owner Trustee to serve as its agent for the foregoing purposes. The Issuer shall give prompt written notice to the Owner Trustee of the
location, and of any change in the location, of any such office or agency. If at any time the Issuer shall fail to maintain any such office or agency or shall fail to furnish the Owner Trustee with the address thereof, such surrenders, notices
and demands may be made or served at the applicable Corporate Trust Office, and the Issuer hereby appoints the Owner Trustee as its agent to receive all such surrenders, notices and demands. 

  

					
		 	11	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 ARTICLE IV 

ACTIONS BY OWNER TRUSTEE 

SECTION 4.1 Prior Notice to Certificateholders with Respect to Certain Matters.    With
respect to the following matters, unless the Indenture, the Sale Agreement or the Servicing Agreement, as applicable, provides that the consent of the Certificateholders shall not be required, the Owner Trustee shall not take action unless at least
thirty (30) days before the taking of such action (or such shorter notice acceptable to the Certificateholders), the Owner Trustee shall have notified each Certificateholder in writing of the proposed action and each Certificateholder shall not have
notified the Owner Trustee in writing prior to the thirtieth (30th) day (or such shorter notice acceptable to the Certificateholders) after such notice is given that such Certificateholder has
withheld consent or provided alternative direction: 
  

	 	(a)	 the appointment pursuant to the Indenture of a successor Indenture Trustee; 

 

	 	(b)	 the appointment pursuant to the Servicing Agreement of a successor Servicer; or 

 

	 	(c)	 the consent to the assignment by the Note Registrar or the Indenture Trustee of its obligations under the
Indenture or this Agreement. 

 SECTION 4.2 Action by Certificateholders with Respect to
Certain Matters.  The Owner Trustee shall not have the power, except upon the direction of the Majority Certificateholders, to (a) except as expressly provided in the Transaction Documents, sell the Collateral after the termination of
the Indenture in accordance with its terms, (b) remove the Administrator pursuant to Section 8 of the Administration Agreement or (c) appoint a successor Administrator pursuant to Section 8 of the Administration Agreement. The
Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Certificateholders at the time of such action. 

SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy.    The Owner
Trustee shall not have the power to commence a voluntary Proceeding in bankruptcy relating to the Issuer until one year and one day after the Note Balance of all Notes has been reduced to zero [and all amounts owed to the Swap Counterparty under the
Transaction Documents have been paid] without the prior written approval of each Certificateholder and the delivery to the Owner Trustee by each Certificateholder of a certification that such Certificateholders reasonably believe that the Issuer is
insolvent. 
 SECTION 4.4 Restrictions on Certificateholders’
Power.    No Certificateholder shall direct the Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Issuer or the Owner Trustee under this Agreement or
any of the Transaction Documents or would be contrary to Section 2.3, nor shall the Owner Trustee be obligated to follow any such direction, if given. 

SECTION 4.5 Acts of Certificateholders; Majority Control.    (a) Any
request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by Certificateholders may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such Certificateholders in person or by agents duly appointed in writing; and except as herein otherwise expressly provided such action 

  

					
		 	12	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
shall become effective when such instrument or instruments are delivered to the Owner Trustee, and, where it is hereby expressly required, to the Issuer. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Certificateholders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such
agent shall be sufficient for any purpose of this Agreement and (subject to Article VI) conclusive in favor of the Owner Trustee and the Issuer, if made in the manner provided in this Section. 

(b)        The fact and date of the execution by any person of any
such instrument or writing may be proved in any manner that the Owner Trustee deems sufficient. 

(c)        The ownership of Certificates shall be proved by the
Certificate Register. 
 (d)        Any request, demand,
authorization, direction, notice, consent, waiver or other action by any Certificateholder shall bind the Holder of every Certificate issued upon the registration thereof or in exchange therefor or in lieu thereof, in respect of anything done,
omitted or suffered to be done by the Owner Trustee or the Issuer in reliance thereon, whether or not notation of such action is made upon such Certificate. 

(e)        Except as otherwise provided herein, to the extent that
there is more than one Certificateholder, any action which may be taken or consent or instructions which may be given by the Certificateholder under this Agreement may be taken by the Majority Certificateholders at the time of such action. 

SECTION 4.6 Compliance with the FDIC Rule.  The Owner Trustee shall (i) perform the covenants set
forth in Article XII of the Indenture applicable to it and (ii) use reasonable efforts to comply with any request of the Depositor or the Servicer to facilitate compliance with Article XII of the Indenture by the Fifth Third Parties.

 ARTICLE V 

APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 

SECTION 5.1 Application of Trust Funds.    Deposits into the Certificate Distribution
Account shall be made in accordance with the provisions of the Indenture and this Agreement. On each Payment Date, after a Certificate Distribution Account has been established in accordance with the terms of the Indenture, the Certificate
Paying Agent shall withdraw from the Certificate Distribution Account and distribute to the Certificateholders, pro rata based on the Percentage Interest of each Certificateholder, all funds received in accordance with the provisions of the
Indenture and this Agreement. Subject to the lien of the Indenture, the Certificate Paying Agent shall promptly distribute to the Certificateholders all other amounts (if any) received by the Certificate Paying Agent on behalf of the Issuer in
respect of the Trust Estate (pro rata based on the Percentage Interest of each such Certificateholder). After the 

  

					
		 	13	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
termination of the Indenture in accordance with its terms, the Certificate Paying Agent shall distribute all amounts received (if any) by the Owner Trustee on behalf of the Issuer in respect of
the Trust Estate in accordance with the provisions of this Agreement. If any withholding tax is imposed on any Issuer payment to, or is imposed on any allocable Issuer income of, a Certificateholder, such tax shall reduce the amount otherwise
distributable to the Certificateholder in accordance with this Section 5.1; provided, that, the Owner Trustee shall not have an obligation to withhold any such amount if and for so long as the Depositor is the sole
Certificateholder. The Owner Trustee is hereby authorized and directed to withhold from amounts otherwise allocable or distributable to the Certificateholders sufficient funds for the payment of any tax that is legally owed by the Issuer (but such
authorization shall not prevent the Owner Trustee from contesting any such tax in appropriate proceedings and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The amount of any withholding tax
imposed with respect to a Certificateholder shall be treated as cash distributed to such Certificateholder at the time it is withheld by the Issuer and remitted to the appropriate taxing authority. If there is a possibility that withholding tax
is payable with respect to a distribution or income allocation, the Owner Trustee may in its sole discretion withhold such amounts in accordance with this Section 5.1. If a Certificateholder wishes to apply for a refund of any such
withholding tax, the Owner Trustee shall reasonably cooperate with such Certificateholder in making such claim so long as such Certificateholder agrees to reimburse the Owner Trustee for any out-of-pocket expenses incurred. 

SECTION 5.2 Sarbanes-Oxley Act.    Notwithstanding anything to the contrary herein or
in any Transaction Document, the Owner Trustee shall not be required to execute, deliver or certify in accordance with the provisions of the Sarbanes-Oxley Act on behalf of the Issuer or any other Person, any periodic reports filed pursuant to the
Exchange Act, or any other documents pursuant to the Sarbanes-Oxley Act. 
 SECTION 5.3 Signature on
Returns.    The Owner Trustee shall prepare (or cause to be prepared) and shall sign, on behalf of the Issuer, the Issuer’s tax returns, if any, unless applicable law requires a Certificateholder to sign such documents.
In the event that the Issuer is required to be treated as a partnership for United States federal income tax purposes, the Certificateholder that is a United States Tax Person holding the largest Certificate Percentage Interest shall be designated
the “tax matters partner” of the Issuer pursuant to Code section 6231(a)(7)(A) of the Code and shall sign the tax return of the Issuer. In the event that two or more Certificateholders would be described in the preceding sentence then
Certificateholder with the alphabetically first name shall be so designated. 
 SECTION 5.4 Accounting and
Reports to Certificateholders, the Internal Revenue Service and Others.    The Owner Trustee shall (a) maintain (or cause to be maintained) the books of the Issuer on a calendar year basis and the accrual method of
accounting, (b) deliver (or cause to be delivered) to each Certificateholder, as may be required by the Code and applicable Treasury Regulations, such information as may be required (including, if applicable, Schedule K-1) to enable each
Certificateholder to prepare its federal and state income tax returns, (c) prepare (or cause to be prepared), file (or cause to be filed) such tax returns relating to the Issuer (including, if applicable, a partnership information return, IRS Form
1065 if the Issuer is treated as a partnership for United States federal income tax purposes) and make such elections as from 

  

					
		 	14	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
time to time may be required or appropriate under any applicable state or federal statute or any rule or regulation thereunder so as to maintain the Issuer’s applicable tax characterization
as described in Section 2.6 hereof, (d) cause applicable tax returns to be signed in the manner required by law and (e) collect or cause to be collected any withholding tax as described in and in accordance with Section 5.1 with
respect to income or distributions to Certificateholders. 
 SECTION 5.5 Method of Payment.  Subject
to the Indenture, distributions required to be made to a Certificateholder on any Payment Date and all amounts received by the Issuer or the Owner Trustee on any other date that are payable to a Certificateholder pursuant to this Agreement or any
other Transaction Document shall be made to such Certificateholder by wire transfer, in immediately available funds, to the account of such Certificateholder designated by such Certificateholder to the Owner Trustee in writing. 

SECTION 5.6 Certificate Distribution Account.  A Certificate Distribution Account shall be
established pursuant to and solely to the extent required by Section 8.2 of the Indenture. The Certificateholders shall possess all right, title and interest in and to all funds on deposit from time to time in such Certificate
Distribution Account and all proceeds thereof. Except as otherwise provided herein or in the Indenture, such Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the
Certificateholders. If, at any time, such Certificate Distribution Account ceases to be an Eligible Account, the Owner Trustee (or the Servicer on behalf of the Owner Trustee, if such Certificate Distribution Account is not then held by the
Owner Trustee or an Affiliate thereof) shall within ten (10) Business Days establish a new Certificate Distribution Account as an Eligible Account and shall transfer any cash then on deposit in the Certificate Distribution Account to such new
Certificate Distribution Account. 
 ARTICLE VI 

AUTHORITY AND DUTIES OF OWNER TRUSTEE 

SECTION 6.1 General Authority.    The Owner Trustee is authorized and directed to
execute and deliver the Transaction Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as
a party and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof, and at the written direction of the Depositor, to execute on behalf of the Issuer
and to direct the Indenture Trustee to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $[                    ],
Class A-2[-A Notes in the aggregate principal amount of $[                    ], Class A-2-B] Notes in the aggregate principal amount of
$[                    ], Class A-3 Notes in the aggregate principal amount of
$[                    ] and Class A-4 Notes in the aggregate principal amount of
$[                    ][ and Class B Notes in the aggregate principal amount of
$[                    ]]. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, to take all actions
required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Depositor, the Administrator or a Majority of the Certificateholders recommends or

  

					
		 	15	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
directs in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action. 

SECTION 6.2 General Duties.  It shall be the duty of the Owner Trustee to discharge (or cause to
be discharged) all of its responsibilities pursuant to the terms of this Agreement and the other Transaction Documents and to administer the Issuer in the interest of the Certificateholders, subject to Transaction Documents, and in accordance with
the provisions of this Agreement. Notwithstanding the foregoing, the Owner Trustee shall be deemed to have discharged its duties and responsibilities hereunder and under the Transaction Documents to the extent the Administrator has agreed in
the Administration Agreement to perform any act or to discharge any duty of the Issuer or the Owner Trustee hereunder or under any Transaction Document, and the Owner Trustee shall not be liable for the default or failure of the Administrator to
carry out its obligations under the Administration Agreement and shall have no duty to monitor the performance of the Administrator or any other Person under the Administration Agreement or any other document. The Owner Trustee shall have no
obligation to administer, service or collect the Receivables or to maintain, monitor or otherwise supervise the administration, servicing or collection of the Receivables. For the avoidance of doubt, the Owner Trustee shall not be required to
perform any of the obligations of the Issuer under any Transaction Document that are required to be performed by the Bank, the Seller, the Servicer, the Depositor, the Administrator or the Indenture Trustee. 

SECTION 6.3 Action upon Instruction.  (a) Subject to Article IV, and in accordance with
the Transaction Documents, the Certificateholders may, by written instruction, direct the Owner Trustee in the management of the Issuer. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to
Article IV. 
 (b)        Subject to Section 7.1, the
Owner Trustee shall not be required to take any action hereunder or under any Transaction Document if the Owner Trustee shall have reasonably determined or been advised by counsel that such action is likely to result in liability on the part of the
Owner Trustee or is contrary to the terms hereof or of any Transaction Document or is otherwise contrary to law. 

(c)        Whenever the Owner Trustee is unable to decide between
alternative courses of action permitted or required by the terms of this Agreement or any Transaction Document or is unsure as to the application of any provision of this Agreement or any Transaction Document or any such provision is ambiguous as to
its application, or is, or appears to be, in conflict with any other applicable provision, or in the event that this Agreement permits any determination by the Owner Trustee or is silent or is incomplete as to the course of action that the Owner
Trustee is required to take with respect to a particular set of facts, the Owner Trustee shall promptly give notice (in such form as shall be appropriate under the circumstances) to the Certificateholders requesting instruction as to the course of
action to be adopted or application of such provision, and to the extent the Owner Trustee acts or refrains from acting in good faith in accordance with any written instruction of the Majority Certificateholders (or, if specifically

  

					
		 	16	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
required, all Certificateholders) received, the Owner Trustee shall not be liable on account of such action or inaction to any Person. If the Owner Trustee shall not have received
appropriate instruction within ten (10) days of such notice (or within such shorter period of time as reasonably may be specified in such notice or may be necessary under the circumstances) it may, but shall be under no duty to, take or refrain from
taking such action, not inconsistent with this Agreement or the Transaction Documents, as it shall deem to be in the best interests of the Certificateholders, and shall have no liability to any Person for such action or inaction. 

(d)     The Owner Trustee shall be under no obligation to exercise any of the rights
or powers vested in it by this Agreement, or to institute, conduct or defend any litigation, at the request, order or direction of any Certificateholder or any other Person, unless such Certificateholder or such Person has offered to the Owner
Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities that may be incurred by the Owner Trustee (including, without limitation, the reasonable fees and expenses of its counsel) therein or thereby, including
such advances as the Owner Trustee shall reasonably request. 
 SECTION 6.4 No Duties Except as Specified in
this Agreement or in Instructions.  The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Trust Estate, or to otherwise take
or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer or the Owner Trustee is a party, except as expressly provided by the terms of this Agreement or in any document or written
instruction received by the Owner Trustee pursuant to Section 6.3; and no implied duties or obligations shall be read into this Agreement or any Transaction Document against the Owner Trustee. The Owner Trustee shall have no
responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or Lien granted to it hereunder or to prepare or file any Commission
filing (including any filings required under the Sarbanes-Oxley Act) for the Issuer or to record this Agreement or any Transaction Document. [            ] nevertheless agrees that it
will, at its own cost and expense, promptly take all action as may be necessary to discharge any Liens on any part of the Trust Estate that result from actions by, or claims against,
[            ] that are not related to the ownership or the administration of the Trust Estate. The Owner Trustee shall have no responsibility or liability for or with respect to the
genuineness, value, sufficiency or validity of the Trust Estate. 
 SECTION 6.5 No Action Except under Specified
Documents or Instructions.  The Owner Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Estate except (i) in accordance with the powers granted to and the authority conferred upon the
Owner Trustee pursuant to this Agreement, (ii) in accordance with the Transaction Documents and (iii) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 6.3. 

SECTION 6.6 Restrictions.    The Owner Trustee shall not take any action (a) that is inconsistent
with the purposes of the Issuer set forth in Section 2.3 or (b) that, to the actual 

  

					
		 	17	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
knowledge of a Responsible Officer of the Owner Trustee, would for United States federal income, state and local income and franchise tax purposes, (i) affect the treatment of the Notes as
indebtedness, (ii) be deemed to cause a taxable exchange of the Notes or (iii) cause the Issuer or any portion thereof to be treated as an association or publicly traded partnership taxable as a corporation for United States federal income, state
and local income or franchise and value added tax purposes. No Certificateholder shall direct the Owner Trustee to take action that would violate the provisions of this Section 6.6. 

SECTION 6.7 Relevant Trustee.  Following the payment in full of principal and interest on the Notes, the
Owner Trustee shall assume the role of Relevant Trustee for all purposes under the Transaction Documents and shall perform the obligations of the Relevant Trustee under the Indenture. In furtherance of the foregoing, Article 7, Article
8 and Article 12 of the Indenture are hereby incorporated by reference into this Agreement. 
 SECTION 6.8
Reporting.  Upon receipt by the Owner Trustee from the Depositor of any reports or general loan data, the Owner Trustee will forward such reports in the form received to the Certificateholders; provided, that the
Owner Trustee shall not be required to forward any such reports to any Certificateholder who is the Depositor or an Affiliate of the Depositor. The Owner Trustee shall have no duty or obligations to review, verify or confirm the reports or any
information contained therein, and shall have no liability in connection therewith. Delivery of the Servicer Certificate to the Owner Trustee, as provided for in the Transaction Documents, is for informational purposes only and the Owner
Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which
the Owner Trustee is entitled to rely exclusively on Officer’s Certificates). 
 ARTICLE VII 

CONCERNING OWNER TRUSTEE 

SECTION 7.1 Acceptance of Trusts and Duties.    The Owner Trustee accepts the trusts hereby created
and agrees to perform its duties hereunder with respect to such trusts but only upon the terms of this Agreement. The Owner Trustee also agrees to disburse all moneys actually received by it constituting part of the Trust Estate upon the terms of
the Transaction Documents and this Agreement. The Owner Trustee shall not be personally liable or accountable hereunder or under any Transaction Document under any circumstances notwithstanding anything herein or in the Transaction Documents to the
contrary, except (i) for its own willful misconduct, bad faith or negligence, (ii) in the case of the inaccuracy of any representation or warranty contained in Section 7.5 expressly made by
[            ] in its individual capacity, (iii) for liabilities arising from the failure of [            ] to perform
obligations expressly undertaken by it in the third sentence of Section 6.4 or (iv) for taxes, fees or other charges on, based on or measured by, any fees, commissions or compensation received by the Owner Trustee. In particular, but not by
way of limitation (and subject to the exceptions set forth in the preceding sentence) of the foregoing: 

  

					
		 	18	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 (a)     The Owner Trustee shall not be
personally liable for any error of judgment made in good faith by any of its officers or employees unless it is proved that such Persons were negligent in ascertaining the pertinent facts; 

(b)     No provision of this Agreement shall require the Owner Trustee to expend or
risk its personal funds or otherwise incur any financial liability in the exercise of its rights or powers hereunder; 

(c)     Under no circumstances shall the Owner Trustee be personally liable for any
representation, warranty, covenant, obligation or indebtedness of the Issuer; and 

(d)     The Owner Trustee shall not be personally responsible for or in respect of
the validity or sufficiency of this Agreement or for the due execution hereof by any Person other than the Owner Trustee. 

SECTION 7.2 Preservation of Information; Communications to Certificateholders .  (a) The Owner Trustee
shall preserve, in as current a form as is reasonably practicable, the names and addresses of Certificateholders received by the Owner Trustee in its capacity as the Certificate Registrar; provided, however, that so long as the Owner
Trustee is the Certificate Registrar, no list separate from the Certificate Register shall be required to be preserved or maintained. 

(b)     The Certificateholders may communicate with other Certificateholders with
respect to their rights under this Agreement or under the Certificates. Upon receipt by the Owner Trustee of any written request by three or more Certificateholders or by one or more Certificateholders holding in the aggregate more than 25% of the
Percentage Interests to receive a copy of the most current list of Certificateholders together with a copy of the communication that the applicant proposes to send, the Owner Trustee shall distribute such list to the requesting Certificateholders;
provided, that the Owner Trustee may elect not to afford the requesting Certificateholders access to the list of Certificateholders if it agrees to mail the desired communication or proxy, on behalf of and at the expense of the requesting
Certificateholders, to all Certificateholders. Each Certificateholder, by receiving and holding a Certificate, shall be deemed to have agreed not to hold the Owner Trustee accountable by reason of the disclosure of its name and address, regardless
of the source from which such information was derived. 
 SECTION 7.3 Statements to Certificateholders. 

(a)     The Owner Trustee shall promptly give notice to each Certificateholder of
any change in the Indenture Trustee’s website pursuant to which the Relevant Trustee’s certificate is made available of which it has been provided notice pursuant to Section 7.4(c) of the Indenture. 

  

					
		 	19	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 (b)     To the extent the Owner Trustee
has assumed the role of Relevant Trustee pursuant to the terms of Section 6.7, the Owner Trustee may make all reports or notices required to be provided by the Owner Trustee under Section 7.4 of the Indenture; provided,
however, that the Owner Trustee shall, if requested by the Administrator, deliver any such reports or notices in writing to the Administrator. Any information that is disseminated in accordance with the provisions of this Section 7.3
shall not be required to be disseminated in any other form or manner. The Owner Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. 

(c)     The Owner Trustee’s website shall be initially located at
[                                        ]
or at such other address as shall be specified by the Owner Trustee from time to time in writing to the Certificateholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Owner Trustee’s website, the
Owner Trustee may require registration and the acceptance of a disclaimer. The Owner Trustee shall not be liable for the dissemination of information in accordance with this Agreement. The Owner Trustee shall notify Certificateholders in writing of
any changes in the address or means of access to the website where the reports are accessible. Assistance in access to the website can be obtained by calling the Owner Trustee’s customer service desk at
[                    ]. 

SECTION 7.4 Notice of Events of Default.    The Owner Trustee shall promptly give notice to
each Certificateholder of any (a) Default or Event of Default of which it has been provided notice pursuant to Section 6.5 of the Indenture and (b) Servicer Replacement Event of which it has been provided notice pursuant to Section 6.1
of the Servicing Agreement. 
 SECTION 7.5 Representations and
Warranties.    [            ] hereby represents and warrants to the Depositor for the benefit of the Certificateholders, that: 

(a)     It is a
[                        ] duly [incorporated] and validly existing in good standing under the laws of
[                        ] and having an office within the State of
[                ]. It has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement. 

(b)     It has taken all corporate action necessary to authorize the execution and
delivery by it of this Agreement, and this Agreement will be executed and delivered by one of its officers who is duly authorized to execute and deliver this Agreement on its behalf. 

(c)     This Agreement constitutes a legal, valid and binding obligation of the
Owner Trustee, enforceable against the Owner Trustee in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws

  

					
		 	20	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
affecting enforcement of the rights of creditors of banks generally and to equitable limitations on the availability of specific remedies. 

(d)     Neither the execution nor the delivery by it of this Agreement, nor the
consummation by it of the transactions contemplated hereby nor compliance by it with any of the terms or provisions hereof will contravene any federal or Delaware law, governmental rule or regulation governing the banking or trust powers of the
Owner Trustee or any judgment or order binding on it, or constitute any default under its charter documents or by-laws. 

SECTION 7.6 Reliance; Advice of Counsel. 

(a)     The Owner Trustee shall incur no personal liability to anyone in acting upon
any signature, instrument, notice, resolution, request, consent, order, certificate, report, opinion, bond or other document or paper believed by it to be genuine and believed by it to be signed by the proper party or parties. The Owner Trustee may
accept a certified copy of a resolution of the board of directors or other governing body of any corporate party as conclusive evidence that such resolution has been duly adopted by such body and that the same is in full force and effect. As to any
factor matter the method of the determination of which is not specifically prescribed herein, the Owner Trustee may for all purposes hereof rely on a certificate, signed by the president or any vice president or by the treasurer, secretary or other
Authorized Officers of the relevant party, as to such factor matter, and such certificate shall constitute full protection to the Owner Trustee for any action taken or omitted to be taken by it in good faith in reliance thereon. 

(b)     In the exercise or administration of the trusts hereunder and in the
performance of its duties and obligations under this Agreement or the Transaction Documents, the Owner Trustee (i) may act directly or through its agents or attorneys pursuant to agreements entered into with any of them, but the Owner Trustee shall
not be personally liable for the conduct or misconduct of such agents, custodians, nominees (including Persons acting under a power of attorney) or attorneys selected with reasonable care and (ii) may consult with counsel, accountants and other
skilled Persons knowledgeable in the relevant area to be selected with reasonable care and employed by it at the expense of the Issuer. The Owner Trustee shall not be personally liable for anything done, suffered or omitted in good faith by it in
accordance with the written opinion or advice of any such counsel, accountants or other such Persons. 
 SECTION 7.7 Not
Acting in Individual Capacity.  Except as provided in this Article VII, in accepting the trusts hereby created, [            ] acts solely as the Owner Trustee
hereunder and not in its individual capacity and all Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Agreement or any Transaction Document shall look only to the Trust Estate for payment or
satisfaction thereof. 

  

					
		 	21	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 SECTION 7.8 The Owner Trustee May Own Notes.  The Owner
Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Trustee may deal with the Depositor, the Indenture Trustee, the Administrator and their respective Affiliates in banking transactions with the same
rights as it would have if it were not the Owner Trustee, and the Depositor, the Indenture Trustee, the Administrator and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its Affiliates.

 SECTION 7.9 Rule 144A Information.  At any time when the Issuer is not subject to Section 13 or
15(d) of the Securities Exchange Act and is not exempt from reporting pursuant to Rule 12g3-2(b) under the Securities Exchange Act, upon the request of a Certificateholder, the Depositor shall promptly furnish or cause to be furnished Rule 144A
Information (as defined below) to such Certificateholder, to a prospective purchaser of such Certificate designated by such Certificateholder or to the Owner Trustee for delivery to such Certificateholder or a prospective purchaser designated by
such Certificateholder, as the case may be, in order to permit compliance by such Certificateholder and the Issuer with Rule 144A in connection with the resale of such Certificate by such Certificateholder. “Rule 144A Information”
shall be such information as is specified pursuant to Rule 144A(d)(4) under the Securities Act (or any successor provision thereto). 

ARTICLE VIII 

COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE 

SECTION 8.1 The Owner Trustee’s Compensation.    The Depositor shall cause the
Servicer to pay to [                    ] pursuant to Section 3.12 of the Servicing Agreement from time to time compensation for all
services rendered by the Owner Trustee and the Certificate Paying Agent under this Agreement pursuant to a fee letter between the Servicer and the Owner Trustee and the Certificate Paying Agent (which compensation shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust). The Servicer, pursuant to Section 3.12 of the Servicing Agreement and the fee letter between the Servicer and the Owner Trustee, shall reimburse the Owner
Trustee and the Certificate Paying Agent upon its request for all reasonable expenses, disbursements and advances incurred or made by the Owner Trustee and the Certificate Paying Agent in accordance with any provision of this Agreement (including
the reasonable compensation, expenses and disbursements of such agents, experts and counsel as the Owner Trustee and the Certificate Paying Agent may employ in connection with the exercise and performance of its rights and its duties hereunder),
except any such expense as may be attributable to its willful misconduct, negligence (other than an error in judgment) or bad faith. To the extent not paid by the Servicer, such fees and reasonable expenses shall be paid in accordance with
Sections 8.5 or 5.4(b) of the Indenture, as applicable. 
 SECTION 8.2
Indemnification.    The Depositor shall cause the Servicer to agree to indemnify the Owner Trustee and the Certificate Paying Agent in its individual capacity and as trustee and its successors, assigns, directors, officers,
employees and agents (the “Indemnified Parties”) from and against, any and all loss, liability, expense, tax, penalty, action, suit, cost or claim (including reasonable legal fees and expenses) of any kind and nature whatsoever
which may at any time be imposed on, incurred by, or asserted against [            ] in its individual 

  

					
		 	22	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
capacity and as trustee or any Indemnified Party in any way relating to or arising out of this Agreement, the Transaction Documents, the Trust Estate, the administration of the Trust Estate or
the action or inaction of [            ] hereunder; provided, however, that neither the Depositor nor the Servicer shall be liable for or required to indemnify
[            ] from and against any of the foregoing expenses arising or resulting from (i) [            ]’s own willful
misconduct, bad faith or negligence, (ii) the inaccuracy of any representation or warranty expressly made by [            ] in its individual capacity or any representation or warranty made
by [        ] in accordance with Section 11.13 or Section 11.14, (iii) liabilities arising from the failure of [            ] to
perform obligations expressly undertaken by it in the third sentence of Section 6.4 or (iv) taxes, fees or other charges on, based on or measured by, any fees, commissions or compensation received by the Owner Trustee. To the extent not
paid by the Servicer, such indemnification shall be paid in accordance with Sections 8.5 or 5.4 (b) of the Indenture, as applicable. 

SECTION 8.3 Payments to the Owner Trustee.  Any amounts paid to the Owner Trustee pursuant to this
Article VIII and Section 8.2(c) of the Indenture shall be deemed not to be a part of the Trust Estate immediately after such payment. 

SECTION 8.4 Rights, Protections, Immunities and Indemnities of the Certificate Paying Agent Relevant Trustee and
Paying Agent.  The rights, protections, immunities and indemnities of the Owner Trustee under this Agreement are hereby extended to the Certificate Paying Agent, the Owner Trustee as Relevant Trustee, and the Certificate Paying Agent
as Paying Agent under all of the Transaction Documents. 
 ARTICLE IX 

TERMINATION OF TRUST AGREEMENT 

SECTION 9.1 Termination of Trust Agreement. 

(a)     The Issuer shall wind up, dissolve and terminate and this Agreement (other
than provisions hereof which by their terms survive termination) shall terminate upon the final distribution by the Certificate Paying Agent of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the
Indenture, the Servicing Agreement and Article V of this Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (x) operate to terminate this Agreement or the Issuer, nor (y) entitle
any such Certificateholder’s legal representatives or heirs to claim an accounting or to take Proceeding in any court for a partition or winding up of all or any part of the Issuer or Trust Estate nor (z) otherwise affect the rights,
obligations and liabilities of the parties hereto. 
 (b)     Notice of any
dissolution and termination of the Issuer, specifying the Payment Date upon which Certificateholders shall surrender their Certificates to the Owner Trustee for payment of the final distribution and cancellation, shall be given by the Owner Trustee
to Certificateholders, and if the Owner Trustee is 

  

					
		 	23	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
notified of a redemption of the Notes by the Administrator or the Issuer pursuant to Section 10.1(c) of the Indenture, such notice shall be mailed within five (5) Business Days of the
Owner Trustee’s receipt of such notice from the Issuer or Administrator. Each such notice to a Certificateholder shall state (i) the Payment Date upon or with respect to which final payment of the Certificates shall be made upon presentation
and surrender of the Certificates at the office of the Owner Trustee therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such Payment Date is not applicable and that payments are being
made only upon presentation and surrender of the Certificates at the office of the Owner Trustee therein specified. The Owner Trustee shall give such notice to the Certificate Registrar (if other than the Owner Trustee) and the Certificate Paying
Agent at the time such notice is given to Certificateholders. Upon presentation and surrender of each Certificate, the Certificate Paying Agent shall cause to be distributed to such Certificateholders, subject to Section 3808 of the Delaware
Statutory Trust Act, amounts distributable on such Payment Date pursuant to Article V. 

(c)     In the event that any of the Certificateholders shall not surrender their
Certificates for cancellation within six months after the date specified in the above mentioned written notice, the Owner Trustee shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation
and receive the final distribution with respect thereto. If within one year after the second notice any of the Certificates shall not have been surrendered for cancellation, the Owner Trustee may take appropriate steps, or may appoint an agent to
take appropriate steps, to contact the remaining Certificateholders concerning surrender of their Certificates and the cost thereof shall be paid out of the funds and other assets that shall remain subject to this Agreement. Subject to applicable
escheat laws, any funds remaining in the Trust Estate after exhaustion of such remedies shall be distributed by the Certificate Paying Agent to the last Certificateholder of record identified in the Certificate Register for each such remaining
Certificate. 
 SECTION 9.2 Dissolution of the Issuer.    Upon dissolution of the Issuer, the
Administrator shall wind up the business and affairs of the Issuer as required by Section 3808 of the Statutory Trust Act. Upon the satisfaction and discharge of the Indenture, and receipt of a certificate from the Indenture Trustee stating that all
Noteholders have been paid in full and that the Indenture Trustee is aware of no claims remaining against the Issuer in respect of the Indenture and the Notes, the Administrator, in the absence of actual knowledge of any other claim against the
Issuer, shall be deemed to have made reasonable provision to pay all claims and obligations (including conditional, contingent or unmatured obligations) for purposes of Section 3808(e) of the Statutory Trust Act. At the direction of the
Administrator, the Owner Trustee, upon surrender of the outstanding Certificates or as otherwise provided in Section 9.1(c), shall cause the Certificate Paying Agent to distribute the remaining Trust Estate (if any) in accordance with
Section 9.1 hereof and shall cause the Certificate of Trust to be cancelled by filing a certificate of cancellation with the Delaware Secretary of State in accordance with the 

  

					
		 	24	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
provisions of Section 3810 of the Statutory Trust Act, at which time the Issuer shall terminate and this Agreement (other than Article VIII) shall be of no further force or effect. 

SECTION 9.3 Limitations on Termination.  Except as provided in Section 9.1, neither the Depositor nor
any Certificateholder shall be entitled to revoke or terminate the Issuer. 
 ARTICLE X 

SUCCESSOR OWNER TRUSTEES AND ADDITIONAL 

OWNER TRUSTEES 

SECTION 10.1 Eligibility Requirements for the Owner Trustee.    The Owner Trustee shall at all
times be a bank (i) authorized to exercise corporate trust powers, (ii) having a combined capital and surplus of at least $50,000,000 and (iii) subject to supervision or examination by Federal or state authorities. If such bank shall publish reports
of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purpose of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. The Owner Trustee shall at all times be an institution satisfying the provisions of Section 3807(a) of the Statutory Trust Act. In case at any time the Owner
Trustee shall cease to be eligible in accordance with the provisions of this Section, the Owner Trustee shall resign immediately in the manner and with the effect specified in Section 10.2. 

SECTION 10.2 Resignation or Removal of the Owner Trustee.  The Owner Trustee may at any time resign and be
discharged from the trusts hereby created by giving written notice thereof to the Depositor, the Administrator, the Servicer, the Indenture Trustee and each Certificateholder. Upon receiving such notice of resignation, the Depositor and the
Administrator, acting jointly, shall promptly appoint a successor Owner Trustee which satisfies the eligibility requirements set forth in Section 10.1 by written instrument, in duplicate, one copy of which instrument shall be delivered to the
resigning Owner Trustee and one copy to the successor Owner Trustee. If no successor Owner Trustee shall have been so appointed and have accepted appointment within thirty (30) days after the giving of such notice of resignation, the resigning Owner
Trustee may petition any court of competent jurisdiction for the appointment of a successor Owner Trustee; provided, however, that such right to appoint or to petition for the appointment of any such successor shall in no event relieve
the resigning Owner Trustee from any obligations otherwise imposed on it under the Transaction Documents until such successor has in fact assumed such appointment. 

If at any time the Owner Trustee shall cease to be eligible in accordance with the provisions of Section 10.1 and
shall fail to resign after written request therefor by the Depositor or the Administrator, or if at any time the Owner Trustee shall be legally unable to act, or shall be adjudged bankrupt or insolvent, or a receiver of the Owner Trustee or of its
property shall be appointed, or any public officer shall take charge or control of the Owner Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor or the Administrator may remove the
Owner Trustee. If the Depositor or the Administrator shall remove the Owner Trustee under the authority of the immediately preceding 

  

					
		 	25	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
sentence, the Depositor and the Administrator, acting jointly, shall promptly appoint a successor Owner Trustee by written instrument, in duplicate, one copy of which instrument shall be
delivered to the outgoing Owner Trustee so removed and one copy to the successor Owner Trustee and shall pay all fees owed to the outgoing Owner Trustee. 

Any resignation or removal of the Owner Trustee and appointment of a successor Owner Trustee pursuant to any of the provisions
of this Section shall not become effective until acceptance of appointment by the successor Owner Trustee pursuant to Section 10.3 and payment of all fees and expenses owed to the outgoing Owner Trustee. The Depositor shall provide (or shall
cause to be provided) notice of such resignation or removal of the Owner Trustee to each of the Rating Agencies. 
 SECTION
10.3 Successor Owner Trustee.    Any successor Owner Trustee appointed pursuant to Section 10.2 shall execute, acknowledge and deliver to the Depositor, the Administrator and to its predecessor Owner Trustee an
instrument accepting such appointment under this Agreement, and thereupon the resignation or removal of the predecessor Owner Trustee shall become effective and such successor Owner Trustee, without any further act, deed or conveyance, shall become
fully vested with all the rights, powers, duties and obligations of its predecessor under this Agreement, with like effect as if originally named as the Owner Trustee. The predecessor Owner Trustee shall upon payment of its fees and expenses deliver
to the successor Owner Trustee all documents and statements and monies held by it under this Agreement; and the Depositor and the predecessor Owner Trustee shall execute and deliver such instruments and do such other things as may reasonably be
required for fully and certainly vesting and confirming in the successor Owner Trustee all such rights, powers, duties and obligations. 

No successor Owner Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such
successor Owner Trustee shall be eligible pursuant to Section 10.1. 
 Upon acceptance of appointment by a successor
Owner Trustee pursuant to this Section, the Depositor shall mail (or shall cause to be mailed) notice of the successor of such Owner Trustee to each Certificateholder, Indenture Trustee, the Noteholders and each of the Rating Agencies. If the
Depositor shall fail to mail (or cause to be mailed) such notice within ten (10) days after acceptance of appointment by the successor Owner Trustee, the successor Owner Trustee shall cause such notice to be mailed at the expense of the Depositor.
Any successor Owner Trustee appointed pursuant to Section 10.2 shall promptly file an amendment to the Certificate of Trust with the Secretary of State identifying the name and the principal place of business of such successor Owner Trustee
in the State of Delaware. 
 SECTION 10.4 Merger or Consolidation of the Owner Trustee.  Any Person into
which the Owner Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any Person succeeding to all or
substantially all of the corporate trust business of the Owner Trustee, shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the

  

					
		 	26	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
successor of the Owner Trustee hereunder; provided, that such Person shall be eligible pursuant to Section 10.1; and provided, further that the Owner Trustee shall file
an amendment to the Certificate of Trust of the Issuer, if required by applicable law, and mail notice of such merger or consolidation to the Depositor, the Administrator and all Certificateholders. 

SECTION 10.5 Appointment of Co-Trustee or Separate Trustee.  Notwithstanding any other provisions of this
Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Estate may at the time be located, the Depositor and the Owner Trustee acting jointly shall have the power and shall execute
and deliver all instruments to appoint one or more Persons approved by the Owner Trustee to act as co-trustee, jointly with the Owner Trustee, or separate trustee or separate trustees, of all or any part of the Trust Estate, and to vest in such
Person, in such capacity, such title to the Issuer, or any part thereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Depositor and the Owner Trustee may consider necessary or
desirable. If the Depositor shall not have joined in such appointment within fifteen (15) days after the receipt by it of a request so to do, the Owner Trustee alone shall have the power to make such appointment. No co-trustee or separate
trustee under this Agreement shall be required to meet the terms of eligibility as a successor trustee pursuant to Section 10.1 and no notice of the appointment of any co-trustee or separate trustee shall be required pursuant to Section
10.3. 
 Each separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the
following provisions and conditions: 
 (i)     all rights, powers, duties and
obligations conferred or imposed upon the Owner Trustee shall be conferred upon and exercised or performed by the Owner Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not
authorized to act separately without the Owner Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed, the Owner Trustee shall be incompetent or unqualified
to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Issuer or any portion thereof in any such jurisdiction) shall be exercised and performed singly by such separate trustee
or co-trustee, but solely at the direction of the Owner Trustee; 
 (ii)     no
trustee under this Agreement shall be personally liable by reason of any act or omission of any other trustee under this Agreement; and 

(iii)     the Depositor and the Owner Trustee acting jointly may at any time accept
the resignation of or remove any separate trustee or co-trustee. 
 Any notice, request or other writing given to the Owner
Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the
conditions of this Article. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its 

  

					
		 	27	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
instrument of appointment, either jointly with the Owner Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision
of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Owner Trustee. Each such instrument shall be filed with the Owner Trustee and copies thereof given to the Depositor and the Administrator. 

Any separate trustee or co-trustee may at any time appoint the Owner Trustee, its agent or attorney-in-fact with full power
and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall become incapable of acting, resign or be removed, all of its
estates, properties, rights, remedies and trusts shall vest in and be exercised by the Owner Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. The Owner Trustee shall have no obligation to determine
whether a co-trustee or separate trustee is legally required in any jurisdiction in which any part of the Trust Estate may be located. 

ARTICLE XI 

MISCELLANEOUS 

SECTION 11.1 Amendments. 

(a)     Any term or provision of this Agreement may be amended by the Depositor and
the Owner Trustee, at the direction of the Administrator, without the consent of the Indenture Trustee, any Noteholder, any Certificateholder, the Issuer [,the Swap Counterparty] or any other Person subject to the satisfaction of one of the
following conditions: 
 (i)     the Depositor 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 Depositor notifies the Indenture Trustee in writing that the Rating Agency Condition is satisfied with respect to such amendment; 

[provided, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty
or the Issuer under the Interest Rate Swap Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty does not object in writing within ten
(10) Business Days after receipt of a written request for such consent)]. 

(b)    This Agreement may also be amended from time to time by the Depositor and the
Owner Trustee, 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 

  

					
		 	28	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
the Noteholders or the Certificateholders. It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient
if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by 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
11.1, the Depositor shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment, the Depositor shall furnish a copy of such amendment to each Rating Agency,
the Issuer and the Indenture Trustee; provided, that no amendment pursuant to this Section 11.1 shall be effective which materially and adversely affects the rights, protections or duties of the Indenture Trustee without the prior
written consent of such Person. 
 (d)     Prior to the execution of any amendment
to this Agreement, the Owner 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 stating that all conditions precedent to the execution and delivery of such amendment have been satisfied. The Owner Trustee may, but shall not be obligated to, enter into any such amendment which materially and
adversely affects the Owner Trustee’s own rights, duties or immunities under this Agreement. 

(e)     Notwithstanding subsections (a) or (b) of this Section
11.1, this Agreement may only be amended by the Depositor if (i) the Majority Certificateholders consent to such amendment or (ii) such amendment shall not, as evidenced by an Officer’s Certificate of the Depositor or an Opinion of Counsel
delivered to the Owner Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for the consent of Certificateholders to approve the particular form of any proposed amendment or consent, but it will
be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Certificateholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by
Certificateholders will be subject to such reasonable requirements as the Owner Trustee may prescribe. 
 SECTION 11.2 No
Legal Title to Trust Estate in Certificateholders.    Neither the Depositor nor any Certificateholder shall have legal title to any part of the Trust Estate. Each Certificateholder shall be entitled to receive distributions
with respect to its undivided beneficial interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title or interest of a Certificateholder to and in its ownership interest
in 

  

					
		 	29	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
the Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Trust
Estate. 
 SECTION 11.3 Limitations on Rights of Others.  The provisions of this Agreement are solely for
the benefit of the Owner Trustee, the Depositor, the Administrator, the Certificateholders and, to the extent expressly provided herein, the Indenture Trustee and the Noteholders, and nothing in this Agreement, whether express or implied, shall be
construed to give to any other Person any legal or equitable right, remedy or claim in the Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein. [All of the rights of the Swap Counterparty
in, to and under this Agreement, if any, shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms hereof and the payment in full of all amounts owing to the Swap Counterparty.] 

SECTION 11.4 Notices. 

(a)     Unless otherwise expressly specified or permitted by the terms hereof, all
notices 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 e-mail (if an applicable facsimile number or e-mail
address is provided on Schedule II to the Sale Agreement), and addressed in each case as specified on Schedule II 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. 
 (b)     Any notice required or permitted to
be given to any Certificateholder shall be given by first-class mail, postage prepaid, at the address shown in the Certificate Registrar. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been
duly given, whether or not such Certificateholder receives such notice. 
 SECTION 11.5
Severability.    Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

SECTION 11.6 Separate Counterparts.  This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, regardless of whether delivered in physical or electronic form, but all such counterparts shall together constitute but one and the same instrument. 

SECTION 11.7 Successors and Assigns.  All covenants and agreements contained herein shall be binding upon,
and inure to the benefit of, the Depositor, the Owner Trustee and its successors and each Certificateholder and its successors and permitted assigns, all as herein provided. Any request, notice, direction, consent, waiver or other instrument or
action by a Certificateholder shall bind the successors and assigns of such Certificateholder. 

  

					
		 	30	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 SECTION 11.8 No Petition. 

(a)     To the fullest extent permitted by applicable law, each of the Owner Trustee
(in its individual capacity and as the Owner Trustee, by entering into this Agreement), the Depositor, each Certificateholder, by accepting a Certificate, and the Indenture Trustee and each Noteholder or Note Owner by accepting the benefits of this
Agreement, hereby covenants and 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 the Bankruptcy Remote Parties (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, join or institute against, with any other Person, any Proceeding against
such Bankruptcy Remote Party under any bankruptcy, reorganization, arrangement, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. Without limiting the foregoing, in no event shall the Owner Trustee authorize,
institute or join in any bankruptcy or similar Proceeding described in the preceding sentence other than in accordance with Section 4.3. 

(b)     The Depositor’s obligations under this Agreement are obligations solely
of the Depositor and will not constitute a claim against the Depositor to the extent that the Depositor does not have funds sufficient to make payment of such obligations. In furtherance of and not in derogation of the foregoing, each of the Owner
Trustee (in its individual capacity and as the Owner Trustee), by entering into or accepting this Agreement, each Certificateholder, by accepting a Certificate, and the Indenture Trustee and each Noteholder or Note Owner, by accepting the benefits
of this Agreement, hereby acknowledges and agrees that such Person has no right, title or interest in or to the Other Assets of the Depositor. To the extent that, notwithstanding the agreements and provisions contained in the preceding sentence,
each of the Owner Trustee, the Indenture Trustee, each Noteholder or Note Owner and each Certificateholder either (i) asserts an interest or claim to, or benefit from, Other Assets, or (ii) is deemed to have any such interest, 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 such Person further acknowledges and agrees that any such interest, claim or 

  

					
		 	31	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
benefit in or from Other Assets is and will be expressly subordinated to the indefeasible payment in full, 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 Depositor), 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. Each of the Owner Trustee (in its individual capacity and as the Owner Trustee), by entering into or accepting this Agreement, each
Certificateholder, by accepting a Certificate, and the Indenture Trustee and each Noteholder or Note Owner, by accepting the benefits of this Agreement, hereby further acknowledges and agrees that no adequate remedy at law exists for a breach of
this Section and the terms of this Section may be enforced by an action for specific performance. The provisions of this Section will be for the third party benefit of those entitled to rely thereon and will survive the termination of this
Agreement. 
 SECTION 11.9 Headings.  The headings of the various Articles and Sections herein are for
convenience of reference only and shall not define or limit any of the terms or provisions hereof. 
 SECTION 11.10
Governing Law.  THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION 11.11 Waiver of Jury Trial.  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 11.12 Information Requests.  The parties hereto shall provide
any information reasonably requested by the Seller, the Servicer, the Issuer, the Depositor or any of their Affiliates at the expense of the Seller, the Servicer, the Issuer, the Depositor or any of their Affiliates, as applicable, in order to
comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 

SECTION 11.13 Form 10-D and Form 10-K Filings.  So long as the Depositor is filing Exchange Act Reports with
respect to the Issuer and until the Depositor notifies the Owner Trustee that such action is no longer required (i) no later than each Payment Date, the Owner Trustee shall notify the Depositor of any Form 10-D Disclosure Item with respect to
the Owner Trustee, together with a description of any such Form 10-D Disclosure Item in form and substance reasonably acceptable to the Depositor; provided that such notification may be

  

					
		 	32	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
electronic so long as there has been no change to such Form 10-D Disclosure Items from those disclosed on the previous Payment Date, and (ii) on or before March 15 of each calendar year for
so long as the Depositor is filing Exchange Act Reports with respect to the Issuer, commencing on March 15, 20[    ], the Owner Trustee shall deliver to the Depositor the certification substantially in the form attached hereto as
Exhibit E or such form as mutually agreed upon by the Depositor and the Owner Trustee regarding any affiliations or relationships (as contemplated in Item 1119 of Regulation AB) between the Owner Trustee and any Item 1119 Party and any Form
10-D Disclosure Item. 
 SECTION 11.14 Form 8-K Filings.  So long as the Depositor is filing Exchange Act
Reports with respect to the Issuer and until the Depositor notifies the Owner Trustee that such action is no longer required, the Owner Trustee shall promptly notify the Depositor, but in no event later than four (4) Business Days after its
occurrence, of any Reportable Event described in clause (e) of the definition thereof with respect to the Owner Trustee of which a Responsible Officer of the Owner Trustee has actual knowledge (other than a Reportable Event described in
clause (e) of the definition thereof as to which the Depositor or the Servicer has actual knowledge). The Owner Trustee shall be deemed to have actual knowledge of any such event to the extent that it relates to the Owner Trustee in its
individual capacity or any action by the Owner Trustee under this Agreement. 
 SECTION 11.15 Information to Be Provided
by the Owner Trustee.  The Owner Trustee shall provide the Depositor and the Servicer (each, a “Transaction Party” and, collectively, the “Transaction Parties”) with (i) notification, as soon as
practicable and in any event within five (5) Business Days, of all demands communicated to the Owner Trustee for the purchase, repurchase or replacement of any Receivable pursuant to Section 3.6 of the Servicing Agreement or Section
3.3 of the Receivables Sale Agreement, as applicable, and (ii) promptly upon reasonable request in writing by a Transaction Party, any other information reasonably requested by a Transaction Party to facilitate compliance by the Transaction
Parties with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB. In no event shall the Owner Trustee be deemed to be a “securitizer” as defined in Section 15G(a) of the Exchange Act with respect to the
transactions contemplated by the Transaction Documents, nor shall it have any responsibility for making any filing to be made by a securitizer under the Exchange Act or Regulation AB with respect to the transactions contemplated by the Transaction
Documents. A demand does not include general inquiries, including investor inquiries, regarding asset performance or possible breaches of representations or warranties. 

[Remainder of Page Intentionally Left Blank] 

  

					
		 	33	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their respective officers hereunto duly authorized as of the day and year first above written. 
  

			
	[                                    
    ]

  

 

			
	By:	 	  

 
			
	Name:	 	
	Title:	 	

  

					
		 	S-1	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 
			
	FIFTH THIRD HOLDINGS FUNDING, LLC

  

 

			
	By:	 	  

 
			
	Name:	 	
	Title:	 	

  

					
		 	S-2	 	Amended and Restated
		 	 	Trust Agreement (20[  ]-[ ])

 EXHIBIT A 

FORM OF CERTIFICATE 
  

			
	NUMBER	  	        % PERCENTAGE INTEREST  
	R-        	  	              CUSIP
NO.                           
		  	                        ISIN           
                 

 FIFTH THIRD AUTO TRUST 20[  ]-[  ] 

CERTIFICATE 

Evidencing the [    ]% Percentage Interest in all of the assets of the Issuer (as defined below), which
consist primarily of motor vehicle receivables, including motor vehicle retail installment sales contracts and/or installment loans that are secured by new and used automobiles, light-duty trucks and vans. 

(This Certificate does not represent an interest in or obligation of Fifth Third Holdings, LLC, Fifth Third Holdings
Funding, LLC, Fifth Third Bank or any of their respective Affiliates, except to the extent described below.) 
 THIS
CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS OF ANY STATE OR OTHER JURISDICTION. THE HOLDER HEREOF, BY
PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE RESOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE
SKY” LAWS AND ONLY PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”),
PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A. 

NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE ACQUIRED OR HELD (IN THE INITIAL ACQUISITION OR THROUGH A TRANSFER) BY
OR FOR THE ACCOUNT OF OR WITH THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) WHICH IS SUBJECT TO TITLE I OF ERISA, (B) A
“PLAN” AS DESCRIBED BY SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), WHICH IS SUBJECT TO SECTION 4975 OF THE CODE, (C) 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 (EACH A “BENEFIT PLAN”) OR (D) A GOVERNMENTAL, CHURCH, NON-U.S. OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE, LOCAL OR NON-U.S. LAW THAT IS

  
 A-1 

 
SUBSTANTIALLY SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE (ANY SUCH FEDERAL, STATE OR LOCAL LAW, A “SIMILAR LAW”). 

THIS CERTIFIES THAT
[                        ] is the registered owner of a [          ]%
nonassessable, fully-paid Percentage Interest in the Trust Estate of FIFTH THIRD AUTO TRUST 20[  ]-[  ], a Delaware statutory trust (the “Issuer”) formed by Fifth Third Holdings Funding, LLC, a Delaware limited
liability company, as depositor (the “Depositor”). 
 The Issuer was created pursuant to a Trust Agreement
dated as of
[                                        ]
(as amended and restated as of
[                                        
], (the “Trust Agreement”)), between the Depositor and [                ], as owner trustee (the “Owner Trustee”), a summary
of certain of the pertinent provisions of which is set forth below. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in Appendix A to the Sale Agreement, dated as of
[                    ], between the Depositor and the Issuer as the same may be amended or supplemented from time to time. 

This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust
Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. The provisions and conditions of the Trust Agreement are hereby incorporated by reference as though set forth in their
entirety herein. 
 The Holder of this Certificate acknowledges and agrees that its rights to receive distributions in
respect of this Certificate are subordinated to the rights of the Noteholders [and the Swap Counterparty] as described in the Indenture, the Servicing Agreement and the Trust Agreement, as applicable. 

THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT
OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

By accepting this Certificate, the Certificateholder hereby covenants and 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 Person shall not authorize such 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 any party hereto or any other creditor
of such Bankruptcy Remote Party, and (ii) such Person shall not commence or join with any other Person 

  
 A-2 

 
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.

 By accepting and holding this Certificate (or any interest herein), the Holder hereof shall be deemed to have represented
and warranted that it is not a Benefit Plan or a governmental, church, non-U.S. or other plan which is subject to any Similar Law and is not purchasing on behalf of a Benefit Plan or a governmental, church, non-U.S. or other plan which is
subject to any Similar Law, and that the Holder is a United States Person as defined in Code Section 7701(a)(30). 
 It is
the intention of the parties to the Trust Agreement that, solely for purposes of United States federal income or state and local income, franchise and value added tax purposes, (1) for so long as the Issuer has, or is deemed to have, but a single
beneficial owner, including a single beneficial owner of the Certificates, it shall be disregarded as an entity separate from its single beneficial owner and (2) if the Issuer has, or is deemed to have, more than one beneficial owner, including more
than one beneficial owner of its Certificates, it shall be treated as a partnership that is not a “publicly traded partnership” as defined in Treasury Regulation Section 1.7704-1 promulgated under the Code. No election shall be made by or
on behalf of the Issuer to be classified as an association taxable as a corporation for United States federal income tax purposes. By accepting this Certificate, the Certificateholder agrees to take no action inconsistent with the foregoing intended
tax treatment. 
 By accepting this Certificate, the Certificateholder acknowledges that this Certificate represents a
Percentage Interest only and does not represent interests in or obligations of the Depositor, the Servicer, the Administrator, the Owner Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such
parties or their assets, except as expressly set forth or contemplated in this Certificate, the Trust Agreement or any other Transaction Document. 

Each Certificateholder, by acceptance of this Certificate, acknowledges and agrees that the purpose of Article XII of
the Indenture is to facilitate compliance with the FDIC Rule by the Bank, the Depositor, the Servicer, FTH LLC and the Issuer (collectively, the “Fifth Third Parties”) and that the interpretations of the requirements of the FDIC Rule may
change over time, whether due to interpretive guidance provided by the FDIC or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees that the provisions set forth in Article
XII of the Indenture shall have the effect and meanings that are appropriate under the FDIC Rule as such effect and meanings change over time on the basis of evolving interpretations of the FDIC Rule. 

  
 A-3 

 IN WITNESS WHEREOF, the Issuer has caused this Certificate to be duly executed.

  

							
		 		 	 FIFTH THIRD AUTO TRUST 20[  ]-[  ]

			
		 		 	By: [                ], not in its individual capacity, but solely as Owner Trustee
				
	
Dated:                      
                                         
    
	 		 		 	
		 		 	 By:
	 	 
                                         
                       

		 		 	 Name:

		 		 	 Title:

  
 A-4 

 OWNER TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is the Certificate referred to in the within-mentioned Trust Agreement. 

 

					
		 	[                                ], not in its
individual capacity but solely as Owner Trustee
			
		 	 By:
	 	  

		 		 	 Authenticating Agent

			
		 	 By:
	 	  

		 		 	 Authorized Signatory

  
 A-5 

 ASSIGNMENT 

FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto 

PLEASE INSERT SOCIAL SECURITY 

OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

[                         
                                   ] 

 
  

  (Please print or type name and address, including postal zip code, of assignee) 

 
  

the within Certificate, (Asset Backed Certificate No. R-[    ] issued by Fifth Third Auto Trust
20[  ]-[ ]), and all rights thereunder, hereby irrevocably constituting and appointing 

                       
                             Attorney to transfer said Certificate on the books of the Certificate
Registrar, with full power of substitution in the premises 

Dated:                      
    , [            ] 
  

			
	 [TRANSFEROR]

		
	 By:
	 	  

	 Name:

	 Title:

  
 A-6 

 EXHIBIT B 

FORM OF CERTIFICATE INVESTOR REPRESENTATION LETTER 

Relating to the 
 Fifth Third Auto
Trust 20[  ]-[ ] Asset Backed Certificates 

 

 Fifth Third Auto Trust 20[  ]-[ ], as Issuer 

c/o
[                                    ] 

[                       
             ] 

[                       
             ] 

[                       
             ] 
 Attention:
[                                    ] 

[Transferor] 
 [Address]

[                       
             ], as Owner Trustee 

[                       
             ] 

[                       
             ] 

[                       
             ] 
 Attention:
[                                    ]

 

  
 Ladies and Gentlemen: 

In connection with the purchase or acquisition of one or more certificates issued by Fifth Third Auto Trust
20[    ]-[  ] (the “Certificates”) pursuant to the Amended and Restated Trust Agreement, dated as of
[                    ] (the “Trust Agreement”), between Fifth Third Holdings Funding, LLC, a Delaware limited
liability company, as the depositor (the “Depositor”), and [                    ], a national banking association, as
the owner trustee (the “Owner Trustee”), the transferee named below (the “Transferee”) hereby represents, warrants, covenants and agrees as follows (terms used but not defined herein have the
respective meanings given to such terms in the Trust Agreement): 
  

	 	1.	 The Transferee understands that the Certificates are being offered only in a transaction not involving any
public offering in the United States within the meaning of the Securities Act of 1933, as amended (the “Act”), none of the certificates have been or will be registered under the Act and if in the future, the Transferee
decides to offer, resell, pledge or otherwise transfer the certificates, such certificates may be offered, resold, pledged or otherwise transferred solely in accordance with the Trust Agreement and the legend set forth in paragraph 11 below.

  

	 	2.	 The Transferee understands that an investment in the Certificates involves certain risks, including the risk
of loss of all or a substantial part of its investment under certain circumstances. 

  

	 	3.	 The Transferee has such knowledge and experience in financial and business matters that the Transferee is
capable of evaluating the merits and risks of investments in the Certificates, and the Transferee and any accounts for which it is acting are each able to bear the economic risk of the holder’s or of its investment. 

  

					
		 	B-1	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

	 	4.	 The Transferee has had access to such financial and other information concerning the Issuer and the
Certificates as it deemed necessary or appropriate in order to make an informed investment decision with respect to its purchase of the Certificates. 

  

	 	5.	 The Transferee will not offer, transfer, pledge, sell or otherwise dispose of the Certificates or any interest
in the Certificates to any person in any manner, or solicit any offer to buy, transfer, pledge or otherwise dispose of the Certificates or any interest in the Certificates from any person in any manner, or make any general solicitation by means of
general advertising or in any other manner, or take any other action that would constitute a distribution of the Certificates under the Act or that would render the disposition of the Certificates a violation of Section 5 of the Act or any other
applicable securities laws or require registration pursuant thereto, and will not authorize any person to act on its behalf, in such manner with respect to the Certificates. 

 

	 	6.	 The Transferee is either (a) an affiliate of the Depositor or (b) (i) a “qualified institutional
buyer” as that term is defined in Rule 144A under the Act (a “Qualified Institutional Buyer”), (ii) aware that the sale or resale of the Certificates to it is being made in reliance on the exemption from registration
provided by Rule 144A under the Act, and (iii) is acquiring the Certificates for its own account or for one or more accounts, each of which is a Qualified Institutional Buyer, and as to each of which it exercises sole investment discretion.

  

	 	7.	 Unless such person is an Affiliate of the Depositor, the Transferee agrees that it will not offer or sell, or
otherwise transfer the Certificates to any person unless the transferee of the Certificates has executed a Certificate Investor Representation Letter. 

  

	 	8.	 The Transferee acknowledges and agrees that the Owner Trustee shall not be obligated to register any transfer
of the Certificates unless the transferee has certified to the Owner Trustee that such transfer does not violate any of the transfer restrictions stated in the Trust Agreement, and that the Owner Trustee shall not be liable to any Person for
registering any transfer based on such certifications. 

  

	 	9.	 The Transferee acknowledges and agrees that no transfer (or purported transfer) of any Certificate shall be
effective, and any such transfer (or purported transfer) shall be void ab initio, and no person shall otherwise become a Certificateholder, if, after such transfer (or purported transfer), the Issuer would have more than 95 direct or indirect
holders of an interest in the Certificates. For purposes of determining whether the Issuer will have more than 95 holders of an interest in the Certificates, each Person indirectly owning an interest through a partnership (including any entity
treated as a partnership for United States federal income tax purposes), a grantor trust, an S corporation or an entity wholly owned and disregarded as separate from (within the meaning of Treasury Regulation Section 301.7701-3) any of the foregoing
(each such entity, a “flow-through entity”) shall be treated as a Certificateholder, as applicable, unless the Depositor determines in its sole and absolute discretion, after consulting with qualified tax counsel, that less than
substantially all of the value of the beneficial 

  

					
		 	B-2	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

	 	 
owner’s interest in the flow-through entity is attributable to the flow-through entity’s interest (direct or indirect) in the Issuer. 

 

	 	10.	 The Transferee acknowledges and agrees that no transfer of any Certificate shall be permitted if such transfer
is effected through an established securities market or secondary market (or the substantial equivalent thereof) within the meaning of Section 7704 of the Code and any proposed, temporary or final United States Treasury regulations thereunder.

  

	 	11.	 The Transferee understands that if Responsible Officer of Owner Trustee becomes aware that (a) a transfer or
attempted or purported transfer of any Certificate or interest therein was consummated in compliance with the provisions of the Trust Agreement on the basis of a materially incorrect certification from the transferor or purported transferee, (b) a
transferee failed to deliver to the Owner Trustee a Certificate Investor Representation Letter or (c) the Certificateholder of any Certificate or interest therein is in material breach of any representation or agreement set forth in any certificate
or any deemed representation or agreement of such Certificateholder, the Owner Trustee will direct the Certificate Registrar not to register such attempted or purported transfer and, if a transfer has been registered, such transfer shall be
absolutely null and void ab initio and shall not operate to transfer any rights to the purported transferee (such purported transferee, a “Disqualified Transferee”) and the last preceding Certificateholder of such
Certificateholder that was not a Disqualified Transferee shall be restored to all rights as a Certificateholder thereof retroactively to the date of the purported transfer of such Certificate by such Certificateholder. 

 

	 	12.	 The Transferee understands that the Certificates bear a legend to the following effect: 

 

	 	    	 “THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”) OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS OF ANY STATE OR OTHER JURISDICTION. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE RESOLD, ASSIGNED, PLEDGED OR
OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS AND ONLY PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A
PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE OR OTHER
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A.” 

  

	 	13.	 The Transferee is not purchasing or holding the Certificates (or any interest therein) by or for the account
of or with the assets of (a) an employee benefit plan (as defined in 

  

					
		 	B-3	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

	 	 
Section 3(3) of ERISA), which is subject to Title I of ERISA, (b) a “plan” as described by Section 4975(e)(1) of the Code, which is subject to Section 4975 of the Code, (c) any entity
deemed to hold the assets of any of the foregoing by reason of such employee benefit plan’s or plan’s investment in the entity or (d) a governmental, church, non-U.S. or other plan that is subject to any federal, state, local or other law
that is substantially similar to the fiduciary responsibility provisions of ERISA or Section 4975 of the Code. 

  

	 	14.	 The Transferee is a person who is a United States Tax Person and has provided to the Owner Trustee, the
Administrator and the Certificate Paying Agent two properly completed and duly executed originals of U.S. Internal Revenue Service Form W-9 (or applicable successor form) certifying that it is not subject to backup withholding.

  

	 	15.	 The Transferee acknowledges that the Issuer, the Owner Trustee and others will rely upon the truth and
accuracy of the foregoing acknowledgements, representations, warranties and agreements and agrees that if any of the acknowledgments, representations, warranties or agreements made by it in connection with its purchase of the Certificates are no
longer accurate, the Transferee will promptly notify the Issuer and the Owner Trustee. 

  

	 	16.	 The Transferee hereby acknowledges and agrees that its purchase or acquisition of the Certificates is subject
to the confidentiality terms set forth in a confidentiality agreement in a form acceptable to the Depositor and the Bank to be attached hereto. 

This letter is not a commitment by the Transferee to purchase any Certificate or a commitment to sell any Certificate to the Transferee.

 You are entitled to rely upon this letter and you are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 
 [Signature Page
Follows] 

  

					
		 	B-4	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

 Any photocopy, facsimile or other copy of this letter shall be deemed of equal
effect as a signed original. 
  

							
		 	 Executed by
	 	
			
		 	  
	 	
		 	 Name of Transferee
	 	
			
		 	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  

					
	 Transferee’s Address:          
	  	  
	  	
			
		  	  
	  	
			
		  	  
	  	
			
		  	  
	  	
			
	Telephone:    	  	  
	  	
			
	Facsimile:     	  	  
	  	

  

					
		 	B-5	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

 EXHIBIT C 

FORM OF NOTICE OF REQUESTS TO REPURCHASE RECEIVABLES 

[                    
] 
 [Depositor] 

[Servicer] 

Re:        Fifth Third Auto Trust 20[  ]-[ ] – Notice of Requests
to Repurchase Receivables 
 Reference is hereby made to the Amended and Restated Trust Agreement, dated as of
[                                ] (the “Trust Agreement”), between
Fifth Third Holdings Funding, LLC, as depositor (the “Depositor”), and
[                                ], as owner trustee (the “Owner
Trustee”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned such terms in the Trust Agreement. This Notice is being delivered pursuant to Section 11.15 of the Trust Agreement. 

The Owner Trustee hereby certifies as to the checked option below: 

[    ] During the period from and including
[                    ] to but excluding
[                    ], the Owner Trustee received no requests from the holders of any of the Notes or Certificates outstanding during that
period requesting that any Receivables be repurchased with respect to such Notes or Certificates. 

[    ] During the period from and including
[                    ] to but excluding
[                    ], the Owner Trustee received one or more requests from the holders of any of the Notes or Certificates outstanding
during that period requesting that any Receivables be repurchased with respect to such Notes or Certificates. Copies of such requests received in writing are attached hereto, and details of any such requests received orally are as set forth
below: 
 Date of Request 

Number of Receivables 

Aggregate Principal Balance of Receivables Subject to Request 

[REMINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  

					
		 	C-1	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

 
			
	
[                       
         ],

	 not in its individual capacity

but solely as Owner Trustee

		
	 By:
	 	 

 
			
	 Name:

	 Title:

  

					
		 	C-2	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

 EXHIBIT D 

FORM OF REGISTRATION OF CERTIFICATE TRANSFER DIRECTION LETTER PURSUANT TO THE TRUST AGREEMENT 

[                ], 20[  ] 

[                       
       ] 
 as Certificate Registrar and Owner Trustee 

of Fifth Third Auto Trust 20[  ]-[ ] 

[                       
       ] 

[                       
       ] 

[                       
       ] 
 Attention:
[                              ] 

Reference is hereby made to the Amended and Restated Trust Agreement, dated as of
[                              ] (the “Trust Agreement”), between Fifth
Third Holdings Funding, LLC, as Depositor (the “Depositor”), and
[                              ], as Owner Trustee (the “Owner Trustee”),
governing Fifth Third Auto Trust 20[    ]-[  ] (the “Issuer”). Capitalized terms not defined herein shall have the meanings assigned to such terms in the Trust Agreement. 

You are hereby notified that [name of Transferor] (the “Transferor”) has transferred its
[    ]% beneficial interest in the Issuer evidenced by Certificate No.         . Enclosed, please find the following documentation as required by the Trust Agreement: 

 

	 	1.	 Original Certificate No. R-[    ] for cancellation; 

 

	 	2.	 Written instrument of transfer executed by Transferor with signature medallion guaranteed;1 

  

	 	3.	 Incumbency certificate of Transferor certified by an officer of the Transferor; 

 

	 	4.	 Certificate Investor Representation Letter executed by Transferee; 

 

	 	5.	 [FormW-9][applicable successor form] of Transferee. 

You are hereby directed, as Owner Trustee and Certificate Registrar, to take the following actions to register the certificate transfer in the
order enumerated below: 
  

	 	a)	 cancel and dispose of, in accordance with the customary practices of the Owner Trustee, the Certificate
representing [      ] Percentage 

  

 
 1 [Please use form of Assignment attached to the back of the Form of Certificate on Exhibit A of the Trust Agreement.] 

  

					
		 	D-1	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

	 	 
Interest in the Issuer, bearing certificate number R-[__], registered in the name of the Transferor; 

  

	 	b)	 execute and authenticate one or more Certificates, as specified in Schedule A hereto, representing the
relevant Percentage Interest in the Issuer specified in Schedule A hereto, bearing such appropriate certificate number as determined by the Certificate Registrar and to register said Certificate in the name of the Transferee specified in
the corresponding column on Schedule A hereto; and 

  

	 	c)	 to deliver said authenticated Certificates to the addresses specified in the corresponding column on
Schedule A hereto. 

 The wire instructions of each Certificateholder are set forth on Schedule
A hereto. 
 The undersigned Transferee hereby certifies to the Owner Trustee that the transfer requested hereby does
not violate any of the transfer restrictions stated in the Trust Agreement, including but not limited to clauses (d) and (e) of Section 3.5 thereof. 

[Signature Page Follows] 

  

					
		 	D-2	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

					
		 	 [TRANSFEROR]

		
		 	
By:                      
                                      

		 	 Name:

		 	 Title:

		
		 	 [TRANSFEREE]

		
		 	
By:                      
                                      

		 	 Name:

		 	 Title:

  

					
		 	D-3	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

 SCHEDULE A 

[To be updated] 
  

									
	 Name of

Transferee
  
	 	
Tax ID Number

of Transferee
	 	
Percentage   

Interest2   
	  	
Delivery
 Address
	  	
Wire
 Instructions

	 	 	 	 	 	  	 	  	 
	 	 	 	 	 	  	 	  	 
	 	 	 	 	 	  	 	  	 
	 	 	 	 	 	  	 	  	 

  
  
  

 
  

 
 2 Aggregate Percentage Interest of new Certificates must match the Percentage Interest of the transferred Certificate being cancelled pursuant to (a) above. 

  

					
		 	D-4	 	Amended and Restated
		 	 	Trust Agreement (2014-1)

 EXHIBIT E 

FORM OF OWNER TRUSTEE’S ANNUAL CERTIFICATION 

REGARDING ITEM 1117 AND ITEM 1119 OF REGULATION AB 

Reference is made to the Form 10-K of Fifth Third Auto Trust 20[  ]-[  ] (the “Form
10-K”) for the fiscal year ended December 31, 20[    ]. Capitalized terms used but not otherwise defined herein shall have the respective meanings given to them in the Form 10-K. 

[                     
               ], a
[                                ] (“[      ]”),
does hereby certify to the Sponsor, the Depositor and the Issuing Entity that: 

1.          As of the date of the Form 10-K, there are no pending legal
Proceedings against [          ] or Proceedings known to be contemplated by governmental authorities against [          ] that would be material to
the investors in the Notes. 
 2.          As of the date of the Form
10-K, there are no affiliations, as contemplated by Item 1119 of Regulation AB, between [          ] and any of Fifth Third Bank, an Ohio banking corporation, Fifth Third Holdings, LLC, Fifth Third
Holdings Funding, LLC, the Indenture Trustee and the Issuing Entity, or any affiliates of such parties. 
 IN WITNESS
WHEREOF, [          ] has caused this certificate to be executed in its corporate name by an officer thereunto duly authorized. 

Dated:                      
           , 20[    ] 
  

					
	[                            ], as Owner Trustee	 	
	
	
By:                      
                                  

	 Name:
	 	
	 Title:
	 	

  
 E-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}]]